Financial Innovation
Understanding Equity Release Services
In the fragile state of our economy these days, many people worry about how they will have enough to survive. This is especially true for elderly people that are not earning an income anymore and their pensions are not paying out in the way that they had imagined. If said elderly person is a homeowner, [...]
Who Needs Professional Indemnity Insurance, and Why?
There is a range of business insurance policies available, including public liability insurance (to protect you and your business if you were sued by a member of the public for personal injury or damage to property), employers’ liability insurance and professional indemnity insurance. There are many more policies besides, and which type of insurance cover [...]
How is the recession affecting the supply of capital finance
Recessions are never good for business no matter which way you slice it. Even in industries that seem pretty recession-proof, a lot of bad things can still arise during the recessions. A lot of people still ask though how the recession has affected the supply of capital finance and what the current state of capital [...]
How devising a Debt Management Plan can be straightforward
When the level of debt which a person, young family or large household have accumulated has become unmanageable because wages have been cut or utility bills have increased considerably, or perhaps an extensive yet vital home improvement project might have contributed towards exceeding their means, there is a potential solution to a person’s financial situation: [...]
Reverse Mortgages for Senior Citizens
Senior citizens that are homeowners but find that their monthly income is not enough to survive comfortably on might find some huge advantages in reverse mortgages. A reverse mortgage is exactly that – a mortgage that works in reverse, meaning that payments are made out to them against their home instead of the other way [...]
Consumer Lending on the Rise
When we talk about the state of our economy, there are many different factors that we can look at to tell us whether or not things are improving. With bank accounts available to just about everyone and the banks starting to lend again, you might think that the economy is on a quick rise, but [...]
Getting Started with Forex Trading
For those that are just starting out with the stock market, the idea of getting into foreign exchange can be daunting to say the least. You might have heard of foreign exchange referred to as Forex or maybe even FX but they are all basically the same thing – a form of exchange for the [...]
Take Advantage of Interest Rates
Economic consultancies in the UK indicate that interest rates in that country could remain at their emergency level of 0.5% for up to three more years. The arrival of ultra-cheap money, regarding low interest rates, appears to be very similar currently in both the UK and the USA. According to http://www.moneysupermarket.com/savings/ people living in the [...]
The Benefits Of A Car Title Loan
One way to obtain additional cash quickly for financial emergencies is to use a car title loan for getting the funds. These loans allow a person to obtain a significant amount of money by using their car title as collateral for the loan. As long as the car is in good shape and the car [...]
How to pay for your car
How do you shop for Christmas? How do you shop every year, right through the year? We go to the shops, of course and on Black Friday we go as early as possible to try and get the best deals and not to get the black eye. But there are other options. You can also [...]
Thoughts on Automatic Peer-to-Peer Lending Investments
One of the drawbacks of peer-to-peer lending is that investors must actively manage their accounts. As they receive payments from borrowers, they must re-invest their investment funds in new loans to maintain their rate of return. To address this issue, Lending Club has developed a special type of account called “Lending Club PRIME” for investors [...]
Choosing the Right Home Insurance
Choosing home insurance that offers the benefits you need at affordable rates can be challenging, especially for first-time home buyers. When you take out a loan to buy a house, your lender will require that you provide proof of home insurance to secure your investment. However, you are not obligated to purchase the insurance that [...]
Kiva.org and Visa Partner on U.S. Small Business Loans
Visa inc. (NYSE:V) and Kiva.org have partnered in a program, referred to as Kiva City, aiming at expanding credit opportunities for small businesses in the United States. The new initiative was announced by former President Bill Clinton last week on stage at the Clinton Global Initiative America conference in Chicago. The Kiva City initiative aims [...]
PayPal to Discontinue Money Market Fund
PayPal announced earlier in the week that it would be closing its money market fund as of July 29th, 2011. The PayPal Money Market Fund currently allows PayPal users to have their account balances invested in a money market fund, so that users can earn interest on their PayPal balance. The fund had originally served [...]
Mt. Gox Bitcoin Exchange Set to Resume Operations after Hack
Mt. Gox, a prominent Bitcoin Exchange, plans on resuming operations this morning after the exchange’s account information was compromised over the weekend. The Bitcoin currency exchange temporarily shut down its website after its database, including usernames and insecurely-stored passwords, was hacked. The attacker reportedly sold 100,000 BTC, which represents about 1/13th of all existing Bitcoins, [...]
ReadyForZero Raises $4.5 Million in Venture Capital
ReadyForZero, a startup that helps consumers pay off their debt, has raised $4.5 million in venture capital. The Series-A round was led by Polaris Venture Partners and Citi Ventures also participated in the round. The company had most recently raised $260,000 in an angel round in October 2010 which came from a number of well-known [...]
Bitcoin Exchange Rate Drops 55% in 48 Hours
The massive run-up in the value of Bitcoin may be over. After reaching an all-time high of more than $31.00, Bitcoin’s exchange rate is plummeting. On Thursday, June 9th, Bitcoin was trading consistently between $28.00 and$29.00, however, by the end of the day on Friday that value had dropped to a range of $23.00 to [...]
ACCION International Launches Microfinance Institution in Northern Brazil
ACCION International recently announced that it would be launching a new microfinance institution (MFI), ACCION Microfinanças, in Amazonas, Brazil. The new MFI will provide financial education and working capital loans to residents of the state. ACCION Microfinanças also plans on implementing a number of innovative microfinance tools in the state, including credit scoring, cash-flow assessment [...]
U.S. Senators Seek Bitcoin Crackdown
Democratic Senators Charles Schumer (D-NY) and Joe Manchin (D-WV) are pressing U.S. Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart to crackdown on Bitcoin, a peer-to-peer currency, after reports that users are using Bitcoins to purchase illegal drugs on a website known only as “Silk Road.” The two senators released a copy [...]
Stealing Computing Power from Web Users to Generate Bitcoins
There is real money to be had in generating Bitcoins. If you are lucky enough to mine 50 BTC from the Bitcoin peer-to-peer network, you would be able to sell them for $675.50 at currency exchange rates list on Mt. Gox. Our guess is that the exchange rate will fall after the initial buzz of [...]
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed 
Did u actually get the funds, is this a payday loan?