Posted by Chiva on November 3, 2009 ·
Debt to income ratio or debt income ratio or DTI is simply the portion of your gross income that you use for paying off your outstanding bills and other debts. Banks and lenders use debt to income ratio as an important indicator to work out whether a borrower qualifies for a loan and how much mortgage he can afford.
The formula for calculating debt to income ratio is – debts/gross income.
How debt [...]
Posted by Chiva on October 14, 2009 ·
Life happens and crises occur. If we lived in a absolute world, we?d all alive on admirable beaches and never accept to work! But the absoluteness is that activity is blowzy and sometimes our costs are greater than our income. Here is how to accord with any abrogating banking situations aback they arise.
Posted by admin on July 20, 2009 ·
A credit agreement, based on the Consumer Credit Act and all of its amendments, affect all users who enter into such agreement to buy items and services. The Consumer Credit Act regulates the licensing and control of the lenders giving credit and goods and credit hire agreements.
Regulated credit agreements and unfair credit agreements can be cancelled as long as before the agreement took place, the [...]
Posted by admin on July 16, 2009 ·
In the wake of the wall street melt down, a real estate market slow down and the worse financial lending crisis in decades a new website launches in effort to provide business owners and commercial real estate investors access to banks and local lender who provide capital through the commercial financing directory at: CFinance.com. Commercial Finance provides easy access to commercial mortgage providers, [...]
Posted by admin on May 18, 2009 ·
Need funds to run your business! Well, there are a number of business finance options available for you to choose from such as leasing, factoring, regular loans, and so on. However, all these modes of finance can take a long time to get approved and therefore are not suitable when time is a constraint to get funds. For example, when you want funds in the form of equipment loans needed for purchasing [...]
Posted by admin on February 2, 2009 ·
Are you facing trouble paying your bills? Are you being constantly hassled by creditors at home? Fearful that you will be forced to forfeit your liabilities and accounts to your debtors?
Fear not, there are a large number of people worldwide that have one time or another found themselves in the same situation you’re currently in. Almost everyone at one time or another has to endure a financial crisis, [...]
Posted by admin on September 20, 2008 ·
What is the role of finances in general society? The answer is that finances are very important for those who want to start or maintain a business. In fact, it is finances that determine whether the business will sink or swim.
Moreover, in general society, it is finances that are the means for providing a business with capital. Simply put, finances is the study of assets and liabilities – a study [...]
