Tweet A credit crunch is the situation where economy experiences a reduction in the availability of credit or a situation where strict conditions are imposed by financial institutions to obtain a loan. It is also known as the credit crisis… Read More ›
Many businesses seem to run on credit nowadays and over the last few years, credit has become an important factor in every aspect of your life. If you wish to get something but do not have enough cash, you can borrow credit and can easily get what you want. However, managing a credit is one of the critical factors that need careful consideration when you plan to borrow a sum of money. Or else, you will end up bearing a burden of the huge pile of credit and you don’t want this. Therefore, it is important to take the guidance of Your Personal Financial Mentor at every step of the way because he will not only help you manage your credit effectively but will also give you small tips to improve your credit scoring so that you can get an easy access to loans for future use.
Tweet Credit risk is a key factor in evaluating the performance of a bank and an effective credit risk management process reduces the risk exposure and increase profitability. However, none of it is possible without devising a plan that requires… Read More ›
Tweet Credit crisis occurs when a large number of financial institutions issue a risky loan. The borrowers start to default and the institutions stop receiving payments against the issued loan. In a state of the credit crisis, banks either fix… Read More ›