Does Social Media Help In Getting An Auto Loan?

We live in a world dominated by technology and social media. Whether they are your shared posts, status or your connections, social media platforms play a key role in carving your virtual personality. A well-known fact is that technology is an inevitable yet an integral part of our lives. When it comes to financing your car, social media is building its way and becoming a relevant medium of profiling. For instance, John walked into a dealership to purchase and obtain financing for a car. The quickest and easiest way to search for a tentative background of John would be to get a grasp of his personality on the basis of his behavior on Facebook and Twitter account, respectively. Currently, a small percentage of lenders use social media for judging an individual’s creditworthiness. However, the developing presence of social media is gaining mind share of the lenders.

Can Social Media help in ascertaining the Creditworthiness of an individual?

1) Facebook can build your Credit Circle

The very essence of Facebook lies in networking. A creditworthy profile does not require millions of posts or many friends. However, if you have a genuine profile and do not pose any abnormal social behavior, your profile is likely to get approved for an auto loan. Additionally, the presence of certain contacts in your friend list with a clean history and a strong credit score further add to your creditworthiness. Lenders can look for mutual contacts that have been previous customers. The payment history of the mutual contact can then be used as a basis to judge your creditworthiness. In order to get the most out of your circle, seek a person with a good credit score and make him a cosigner and your auto loan process will become smooth.

2) With LinkedIn, lenders can check your Employment Stability

A stable employment speaks volumes about your personality and trustworthiness. LinkedIn can serve as the best source of obtaining information regarding your job history, duration, professional position and interests. The documentation of an auto loan requires you to display evidence of a source of income through pay stubs. However, there is less proof one can gather regarding the stability of employment. Social media can become a tool to ascertain not only if there is job-hopping, but also the financial strength of the individual. A person with a 500+ connections, long duration of employment history and a considerable profile activity can become a favorable applicant in the eyes of the lender.

Buying a Car: Making the Most of your Social Media Profile

Social media has made its way into the minds of auto buyers as well as lenders. As primary sources of guides, nothing comes above your credit score, current income status and payment history. However, virtual platforms such as Facebook and LinkedIn are starting to occupy mind share in terms of creditworthiness. Once the primary sources of information seem insufficient, lenders may turn to social media to get an idea of your personality. A few helpful ways to make sure your social media positively adds to your credit score is to be careful with your online posts, invite only genuine friends into your virtual circle and to always keep your professional profiles updated.

Introduction to Finance Careers

Finance can simply be defined as “assets and liability management”. It is a vast field that deals with various aspects of deals or transactions involving money. It’s not a new field as it has been around for thousands of years, since the time man started trading; earlier it was the barter system or goods in exchange of goods and then came the monetary system. However, the fundamentals of this field have remained more or less the same even though it has evolved over the ages. We have complex financial structures both in micro and macro levels and so there are a lot of opportunities for people who want to get into finance careers after school.

For being a part of finance careers, one would require a degree that equips graduates with the knowledge and necessary tools to build a successful career in the financial industry. Training programs tend to focus on building a comprehensive understanding of managing finances, laws associated with it, interpersonal skills and professional knowledge of the subject.

A degree in finance would prepare an individual to manage, analyze and plan different financial or monetary aspects related to performance of any organization; these organizations could be in the field of IT, banking, real estate, manufacturing and consulting services etc. This course makes an effort to educate people in accounting principles, financial instruments, planning of capital funds acquisition, asset or debt management, budgeting, analyzing financials and investments in addition to portfolio management.

The courses at the undergraduate or graduate level generally cover areas such as finance, statistics, economics, economic policy and accounting procedures, analysis, financial companies and budgeting methods.

Graduates with a bachelor’s degree in finance are eligible for a wide range of finance-related careers in private businesses, public bodies and non-profit organizations. Most people in this industry work in areas such as commercial banks, corporations and MNCs, investment banking, money management, insurance and real estate.

Tasks or activities associated with this profession:

1) Designing and operating policies and procedures of organizations.

2) Taking decisions on the operational capital of the company, ensuring that each of its departments have the financial means necessary for it to function properly.

3) Analyzing new business opportunities and their financial feasibility.

4) Managing the process of obtaining capital for new ventures.

Thus finance careers can be both challenging and fulfilling and many people find it as a lucrative option. It could also be the key to economic stability as professionals in this field are paid well.

Lead You To The Authentic Zone Of Money Transfer

If you have an international business and you have to move to many countries for the purpose it is the urgent requirement to find a reliable and efficient money transfer service. Business with any other country will require a resourceful money transfer. This transfer should be fast efficient and safe. Your trade shouldn’t be forced by the variation in exchange rates either. For all these reasons, it is prudent to take the assistance of International money transfer Services available. It will be better to find the reputed and quality one on the internet. It is an internet era and you get different types of information on the internet.
Process Involved
This service helps you find a provider that you are comfortable with. After you decide on the money exchange provider you will need to complete some forms. Once you have established contact, you will be informed about the rules, terms and conditions involved with a deal. Finally, you will be asked to complete some forms to set up your account. You can fix a standard rate for your exchange as well. The whole process is hassle free and once you learn how to go about it, the upcoming transactions will be smooth, effortless and quick.
Exchange Rates
When you wish the inexpensive currency transfer to be done, you should be careful about the rate you choose. With large amount of money a little change can make a big variation for your commerce. When you transfer your money to a bank, they will transfer it at a great exchange rate that you are happy with on the day you have mentioned. Exchange rates promised may differ between agencies that are why you should be careful while choosing one.
Staying in the circle
Most good free currency transfer companies will make sure you are kept in the circle about where your money is. When the transaction is being made, you will be sent a verification message and sometimes even a message. You will be consulted before and after the deal, which assures that nothing can go wrong with the deal. This feature gives you more control over your money.
Expediency and safety
Foreign Exchange is a very expedient way of sending money across countries. When you choose a reliable company, along with good customer service, you will also safer transferring your money. This service is as useful for the common man as it is for businesses. Having an overseas exchange agent working for you is an immense way of saving money. In some websites, you get to check the exchanging rates promised before you sign in to transfer money. This makes it easy for you to select the best in the record.
Currency Exchange near me, this thought is quite wise and intelligent as there is lower risk for the safety of your cash. If you are in Adelaide, you can find a good currency exchange company that has a strong team for a powerful deal of money transaction. A reputed and trustworthy company always offers the better rates and a higher security.

Top 5 Benefits Annuities Can Bring Except The Lifetime Income

Earning a consistent income in their retirement life is a major concern for the seniors approaching their retirement and many of them invest in different annuity insurance plans. These annuities help the insured to receive a guaranteed income for life protects from the fear of outliving their savings. Also, if a senior couple hasn’t saved enough or doesn’t have someone to support after their retirement, these policies help greatly to take care of their daily expenses and maintain a better lifestyle. However, the majority of seniors isn’t aware of all the benefits an annuity can bring. Most of them buy an annuity solely to receive a guaranteed income in their retirement life but the annuities have a lot to offer. Here, we are going to explain five more benefits of a retirement annuity plan that you might not be knowing.

Benefit to your loved ones

At times, seniors pay a long series of premiums to earn them back during their retirement but die at an early age without receiving the complete benefits. Many seniors die soon after their retirement and insurance providers keep their share of investment with themselves. But, the new additional feature allows transferring the benefits to the beneficiaries, if the insured dies early. Along with the immediate annuity plan, you can choose a guaranteed period of 10-20 years that are calculated since the time you start receiving the payments. If you opt for a 20-year guaranteed period with the annuities, your insurer will provide a series of payments for exact 20 years. You can name your spouse or kids as the beneficiary and they will receive the benefits for rest of the period, in case you die early.

Tax deferral on earnings

Most of the investments are applicable for state and federal taxes, but the investments such as interests, annuities, dividends and capital gains earn a tax-deferred status. These investments are tax-free until you withdraw the accumulated amount. The tax-deferral is similar to 401(k)s and IRAs, but there isn’t any limit on the amount and you can put any amount into the annuities that you assume enough to spend your retirement comfortably. Moreover, the minimum withdrawal criteria have more flexibility than that of to 401(k)s and IRAs.

Tax-free investment transfers

Market performs differently at a different time and an investment performing strong today may perform poorly after a certain period. Hence, investors keep transferring their investment amount form one to another fund and there are financial advisors to help with the same. Usually, these investment transfers or rebalancing are applicable for taxes but the annuity retirement plan has no such tax consequences. That means, you can rebalance your investments as per your financial advisor’s suggestion and you won’t have to pay any taxes on that.

Protection from lenders

People take different types of loans to match a better lifestyle and pay the due amount in installments. At times, people reach a stage where they only have the money enough to take care of their fundamental requirements and aren’t able to pay the loan installments. In such cases, if the lender files a lawsuit, they may lose the return on the investments made. Annuities insurance policies also help protect your investment return even if you can’t make the installments. Usually, the premiums you have made to your insurance provider, belongs to them and there are laws that restrict that money to be accessed by the lenders.

Variety of investment options

Insurers help the investors with a range of annuity options at retirement including the fixed and variable one. The first one credits a certain rate of interest on the amount you deposit while with the later, your money is invested in the stock or bonds like mutual funds and provide a return based on the market performance. Also, various insurance providers have introduced different types of floors that set a limit by which your investment value may not fall further. That means, if you have invested in a variable annuity, you return won’t fall below a certain value, despite the fluctuations in the market.

Judge Some Facts Before Exchanging The Money

When you will go traveling, then you have to take the things, which you will need in that place. It is necessary because you will not get the facilities of your home there and you have to be prepared for every situation. But when the matter comes to the visiting of a foreign country, then apart from our excitement we have to think about the thing first is the money. As all of us know that there is variety in the currency of different place. So, we must take the proper currency of that place as we cannot do anything without it. There are some methods, by which you can exchange the money, like the banks, the ATMs or from some brokers.
The banks are the most reliable medium for exchanging the money. You can be assured by the fact that you will get the service authentically. They will systematically exchange the currency and you don’t have to think about it. You can also convert it from the banks of that place also. You will get the same reliable service. But as you are going to a public sector, then it will take some time and you have to wait for it. So, if you don’t have the time to wait there, then you will face difficulty by exchanging through the banks. The banks also charge high rates for converting the money, then it can be expensive for you.
You can take the money from the ATMs also. It is the most convenient medium for getting your cash, as you yourself will draw the money and you don’t have to depend on someone for this. So, you can take the money whenever you needed and it is the fastest service. But there I also the problem, as the ATMs charge a very high price for drawing the money. It will become more expensive for you as you have to pay more than the normal transaction. If you think that you will get the money at a time, then also it will not be safe for you to carry so much money to an unknown place. But with every transaction, you have to pay the charge.
When you will try to go some brokers for Cash Exchange, then it becomes easy for you as you can get the money by sitting at your home. You can do it by online and the agent will come to your home and will take the money from you and will also return it within the given time. It can be a suitable option for you as you don’t have to do anything for the exchanging the cash. But there also can be a problem as the matter is about your money, then you have to be a little careful and have to know about the broker and the agent, who will be the medium of transaction. If they are not reliable enough, then your money will not be safe enough. There is also the matter of the false currency as it has happened in the services like Australian Currency Exchange. So, be careful about every facet of exchanging your money so that you don’t have to waste your money in the wrong place.

Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

Business Finance Careers – Where to Go From Here?

When you are looking into getting business finance careers wherever you are located, you can be sure to find all the information on the jobs, and credentials that you need to have in order to fulfill the jobs they have. This can be simple to do if you know where to look, and what you are looking for. The first thing you will want to do is make sure you find a job that you match with.

This means meeting your degrees, potential, and every credential that you have towards the job to the job you are going to apply for. Financial careers may need a lot of knowledge to work in since you might have to work with someone else’s finances, or work on the companies finances that you are applying for the job for. This can be stressful if you are not one hundred percent sure of what you are doing.

This is beneficial if you want to make sure you are doing a good job on the finances that you are working on. Brushing up on your skills is something you should look into if you are unsure of how good you are at what you studied before going in for the interview. Let them know of all your training and qualifications that you have had in school, and let them know that you will be committed to their company if they hire you.

Make sure to dress appropriately for the interview, it is a professional job; you should look professional for it. Not only should you make sure you do your best on the interview, but you should make sure you call to check to see if you have received the job or not after the interview. They will like that you are dedicated to filling the position that they are trying to fill.

Information on Corporate Finance Careers

Corporate finance careers can be very challenging work, just like all finance jobs can be. You will have many responsibilities to the organization you work for. The company might be local or international that wants to get in the global market. There are some benefits in this type of career.

The income you can make can be a substantial amount. There usually are many opportunities for travel. If you like to work as a team with people then this is a benefit as well. There can be joyfulness for solving financial issues that are important and relevant.

Responsibilities For Corporation Finance Careers

Some of the responsibilities might include putting acquisitions together, get the funds needed to expand and support operations of business, manage the resources of cash, and helping to be sure there is economic stability for the future. There are also many options for you to choose from in this career.

Treasurer, credit manager, financial analysts, cash management, real estate officer, benefits officer, controller or an investor relations officer. These are just some of the opportunities, so you can see there is a wide variety.

Thoughts To Consider

Some of the things you might want to consider before pursuing this career is if you are proficient in certain aspects. You will need to be able to handle change well, and be an excellent communicator. You should be able to be a leader, do stuff without having to be told. A great plus is if you can speak different languages.

There are many companies that have business internationally. Definitely be a people person. You need to have excellent people skills. Building up relationships on all levels can be your key to success. Having the understanding in the techniques and models of risk management. Be dependable and you perform at your highest. You should also be good at negotiating.

You should bring with you a perspective that is fresh and think strategically. Understand the value of the shareholders. You will be part of a team that connects the company to investors. This is just to give you a small idea of what a career in corporate finance involves. There is more information on the internet that you can research and decide if this is a right career move for you.

A College Degree Is The Starting Point Of Your Finance Career

If you want a career in financing, you have to get a college degree. To be more specific, you have to graduate with a bachelor’s degree in math, business, statistics or economics since you will be dealing with numbers and using these skills to make decisions and recommendations.

One study shows that there are currently 230,000 financial analysts and financial advisors in the US. You might think that there is no more vacancy in the market but there are because new businesses are established while old ones are still growing.

With a college degree, one thing you can try is financial consulting. Here, you are tasked on providing advice to business valuation, economic forecasts and analysis, treasury management, strategies for creating shareholder value and securities pricing.

Later on, you may be promoted to finance manager and instead of providing advice to clients, you will have the opportunity to invest their money in order to make a profit. Those who do well here earn somewhere around $73,000 to $145,000 annually and with the amount of money that is given, you better deliver.

Another field is corporate financing in which your job is to manage the client’s assets and if the opportunity presents itself, make acquisitions.

Those who want to serve their country may issue securities, enforce the law, manage assets and offer financial advice to people.

Similar to the finance manager are the money managers because they hold stocks and bonds for clients and at the same time buy stuff off Wall Street. For this job, you need to be proficient in various technologies as well as the latest qualitative methodologies. You will also need to be CFA certified.

Working for an insurance company is also a viable option. Here, you help prepare clients deal with catastrophes before they happen. It is a trillion dollar industry that is still growing so you can still get in the game.

Among the various opportunities, many find their way to commercial banking. You could be a bank manager, teller, the one in charge of approving loans or looking for new accounts. This accounts for the majority of those employed in the financial services industry.

In any of the positions mentioned, you must be good with numbers and have excellent interpersonal skills. Why? Because you are dealing with people and if the client doesn’t like your personality, chances are they will bring their business elsewhere.

After working for a few years, you can work for another company or be daring and start up your own company.

Aside from banking, the real estate industry is also looking out for finance graduates. This is because their training is useful when it comes to property management, real estate appraisal, brokerage and leasing, construction and real estate development. On one end, they sell property while on the other find ways to make it possible for the customer to invest depending on their budget.

Top Five Intra Day Trading Tips To Become A Better Trader

In words of Warren Buffet The stock market is a device for transferring money from the impatient to the patient. Let’s read between lines. The investor or trader who is impatient (frequent buy/sell strategy) transfers money to the patient (holding strategy).

Find below herewith five tips which should be followed by a day trader:

Take advice of professional trader

Before one starts day trading it is better to take advice from experienced and expert day trader trainer. Every trainer will have different teaching method and style. See for one who has good teaching method. He should also suit your trading style. They may be ready to teach in their free time. He may charge the fee. As he is spending his free time with you. But it is worth. You can assume that paid fee as an investment, which you need to get knowledge. They are the best share tip providers when you trade.

In future when you grow big, many newbies’s will come to get knowledge from you. At that time you can charge them likewise.

Gather information from financial news

One has to gather news from across the globe. Segregate relevant news, which affects your business. Analyze and set priority which news will most affect your business. Stay updated on news like meetings, change in government policies and rules. Local, national and international news should be followed.

M&A, financial results, entry/exit of members of BOD, etc. These types of related news of the company one have shares in, make sense.

Though the news does not impact a common man but may have an impact on your investment in the concerned company. This news helps to take a smarter decision, especially while trading shares. Through nifty future tips also one can gather information.

Treat trading as any other business

Take day-trading as any other business. It is not a hobby, but a serious business. It is not for fun that one is in day trading. Like any business, it needs devotion and dedication. Trading is a part. One has to devote a lot of time preparing a plan. Study different charts before coming to any conclusion. Follow news on TV, read business magazines, study reports etc. It is a full day activity.

Keep eye on professionals

One should study professionals. What they are buying, when they are selling. For how much time do they hold the script? Since they have experienced one can learn a lot by keeping eyes and ears open and mouth shut. If one makes mistakes, then analysis the mistake. What went wrong and where? You can find them in many share market advisory companies.

Patience

It needs time, energy and devotion to master the skills. As the old saying goes Rome was not built in a day It was destroyed and then rebuild. This process was repeated many times over. Even if one makes loss he has to get up again for a fight.

Traders do not profit all the time. Many a time they incur losses. So one has to be prepared for losses and have patience during the time of loss. Commodity tips are also helpful to know the market trends.

Today’s successful traders were also novice once in a while. They got success by their hard and smart work. They had put in their efforts, made mistakes, but kept up their learning process.