Products for Creditworthy Customers

by admin on April 29, 2014

The selection of credit cards includes secured, balance transfer, and specialty cards with insurance policies, promos, concierge services, and other perks.

Clients with good credit can choose from different products, including low-interest loans and credit cards. There are different options to choose from depending on your lifestyle and payment habits. One option to consider is a rewards credit card that allows holders to redeem points for brand-name merchandise, airfare, and more. Issuers feature cashback programs as well that offer rebates on purchases made. There are industry and bonus categories, and bonus points are usually posted as a statement credit. Customers pay for their cruise or vacation bookings, hotel stays, and airplane tickets with no seat restrictions or black out dates. Holders are offered access to airport lounge programs and priority access to international and domestic lounges all over the world. Rewards and cashback credit cards offer plenty of benefits, but some issuers assess fees and charges. Rewards and airmiles credit cards are also offered to business owners. There is a wide array of credit cards available, depending on factors such as employment, level of indebtedness, and others. 

Customers with poor credit have several options depending on their credit score and income. Borrowers with poor credit are considered risky customers, and their pool of options is more limited The interest rate usually varies between 30 and 40 percent. Borrowers with good credit have access to rewards programs, cheap flights, in-flight refreshments, and more. Retailers and department stores also offer credit cards that feature perks such as free gift wrapping and alterations. A department store credit card is a good option for borrowers who pay the balance in full because of the higher rate of interest. This option is a good choice if you are a frequent shopper and have a favorite department store where you make frequent purchases. Whether using a standard or secured credit card, payments are usually reported to the credit bureaus. Then there is the option to apply for a student card that comes with hbc credit card discount on school-related purchases and other perks and allows students to build their credit history. Students enjoy benefits such as attractive interest rates, no annual fee, discounts, and others.

{ Comments on this entry are closed }

Mutual and Hedge Funds Investing

by admin on April 25, 2014

The main benefits of hedge funds include portfolio diversification, capital preservation and growth, and reduced risk of losses. Hedge funds offer downside protection meaning that they help improve the customer’s return and risk profile. One problem to bear in mind is that these funds charge a lot of money in performance and management fees. Another problem is that regulatory bodies and investors themselves are unable to keep track of performance. Some funds require a minimum investment of $25,000 which means that average investors have a more limited access to this investment vehicle. Mutual funds are another option, and they use different investment strategies that involve varying levels of risk. Investors look at different factors such as the coefficient of variation, bond duration, and others.

Related: Investing in Mutual and Hedge Funds

The fact that funds pool money from different investors and often invest in diverse assets minimizes risk and leads to portfolio diversification. Asset allocation is an obvious benefit for investors, along with instant portfolio diversification. There are different types of funds to consider as alternatives to traditional investment instruments. Some funds focus on long-term capital growth while others offer benefits such as a balanced mix of liquid and illiquid 1083586_95269118investment instruments. When choosing between different investment solutions, there are many factors to consider, including asset allocation, risk, and so on.

Buying stocks from different sectors and industries that have different capitalizations is one way to diversify the investment portfolio. The risk level depends on the choice of investment classes, i.e. some funds invest in certain sectors while others focus on fast-growing companies. When looking into mutual funds, investors take into account factors such as risk-to-return, performance, investment solutions, and others. Managers use different investment strategies and often consider factors such as growth, value, and yields. Before making a decision, check whether the fund invests in companies that are in good financial shape. Ongoing fees and charges are one factor to consider. Other problems that managers cite include size and the fact that funds are not insured against the risk of loss. In addition to other factors, you may want to inquire about the sales commissions.

Besides mutual and hedge funds, investors have plenty of solutions and schemes to choose from, including high-interest savings accounts, certificates of deposit, Forex trading, and others.

There are other types of investments such as contracts for difference, structured deposits, real estate investment trusts, exchange traded funds, traded life policies, bonds, and many others. The basic types of securities are debt and equity. Investment instruments can be divided into simple and complicated.

 

{ Comments on this entry are closed }

Alternatives to Debt Consolidation

April 23, 2014

Many borrowers look for different ways to lower their monthly payments and become debt-free faster. Consolidation loans come with longer repayment terms which is why payments are more affordable. Weighing the Pros and Cons A secured loan is one option for borrowers, and they are usually offered a lower interest rate and a longer repayment […]

Read the full article →

Personal Loan to Pay Tuition

April 16, 2014

Applying for a personal loan is one way to finance the purchase of big-ticket items, go on vacation, pay tuition, and more. Banks offer loans to help borrowers with their home improvement projects, extensions, and recurrent expenses. Customers are offered travel loans with different repayment schedules that suits their budget. Borrowers can use the funds […]

Read the full article →

Options for Borrowers with Poor Credit

April 15, 2014

Consumers can choose from different types of loans, including secured and unsecured. Traditional and online banks and finance companies offer unsecured loans. Loans are reserved for creditworthy customers with solid income. There are different types of unsecured loans, including used and new car loans, consumer, and student loans. Banks and car dealerships offer auto financing […]

Read the full article →

Small Business Start up Ideas

April 14, 2014

Individual lenders and peer-to-peer platforms offer plenty of financing options. Some microlenders are an excellent choice because they report payments to the bureaus and offer loans of up to $35,000. They advertise quick approval, no hidden fees or teaser rates, and competitive fixed rates. There are many benefits for borrowers, and one is that they […]

Read the full article →

Fast Access to Cash With Line of Credit

April 7, 2014

There are different types of credit lines, offered to individual borrowers. Some types are unsecured while others require a form of collateral.  The main benefit for borrowers is that they can draw on the line multiple times and whenever they need cash. While there are many benefits, banks have certain lending criteria and requirements. If […]

Read the full article →

University Loans and Options for Borrowers

April 5, 2014

Students can choose from private and state universities, and the latter are usually less expensive. There are different options to consider including financial assistance under government programs and loans from brick-and-mortar banks and non-bank lenders. The best choice is a loan with a fixed interest rate and flexible repayment scheme. Loans under government programs come […]

Read the full article →

Car Loans Lending Criteria in Canada

April 2, 2014

Bank customers are offered financing for the purchase of motor homes, sports vehicles, cars, campers, and RVs. Secured loans come with a lower interest rate because financial institutions take less risk. Check for credit insurance, prepayment penalties, and other hidden fees and charges. An unsecured auto loan is another option whereby collateral is not required. […]

Read the full article →

Airmiles, Rewards, and Other Cards

March 30, 2014

Different stores offer brand cards to attract new customers and increase their sales volume. There are benefits and perks for holders, including savings on big-ticket items and one-time purchases. Walmart credit card usually offer a higher interest rate but there are some benefits to using them. Their stores feature cards with cash back, discounts, and other […]

Read the full article →