Sophy Hoare

Factoring vs Bank Loan – Expanding Financial Scope With Factoring

March 8, 2020

If we want to compare factoring with a bank loan, we must first know what factoring actually means. The term factoring comes from the English Factura and means invoice. Factoring is a method of sales financing. Receivables from goods or services are sold to a factoring company, which also assumes the full credit risk. Medium-sized companies in particular use this source of financing, which is a sales-congruent working capital financing. Factoring and its advantages Genuine factoring reduces receivables and liabilities in a company's balance sheet. This means that the liquidity, but also the equity ratio, is improved. In addition, corresponding administrative tasks are no longer necessary in debtor management. This is where we talked about real factoring. But what is the diff

Advice

How To Achieve Financial Independence?

sophy

March 1, 2020

Who doesn't dream of becoming financially independent? Your friends who succeed will tell you: it's a dream come true. There are many myths and misconceptions about financial independence, and if you're on this page, it's because you want advice on how to go about it. But as with any ladder of progression, the quest for financial independence is strewn with levels just like in video games. Regardless of one's heritage, everyone is expected to start at the first level, work through different levels of experience, and realize their full potential to reach the last level. Your income is not your wealth Most people believe that the key to wealth is well-paid work. While it is easier to accumulate assets if you earn as much money each month, to increase your net worth, you need to s

Advice

How To Choose The Right Personal Loan?

sophy

February 20, 2020

You have an ongoing project, but not the means to finance it? Whether it's to buy a new car, finance your next vacation or do some work in your home, a personal loan is a significant help to make it happen. But to which lender should you turn? Before taking the plunge, it is advisable to think carefully about your choice in order to find the most advantageous alternative. Here are the elements to check before subscribing. The total cost of credit The first thing to consider when comparing credit offers is the total cost. This is, in effect, the amount you will pay in the end. Understand that if you borrow 2,000 GBP, for example, this is not the final amount you will have to pay back. The lender will add to this capital: the interest as well as possible file and insurance fees.

Advice

3 Essential Steps To Obtain An Advantageous Real Estate Loan

sophy

February 10, 2020

The vast majority of real estate projects often require a home loan to bring them to completion. Fortunately, there are legion lending organizations with whom it is more or less easy to obtain a real estate loan. However, certain conditions are necessary if you wish to benefit from a profitable real estate loan for your project. Here are a few of the essential steps not to be missed in order to benefit from a real estate loan to your advantage. To go around the lending organizations specialized in real estate loans If you have already signed a preliminary sales agreement for your real estate project, all you have to do is get the help of a real estate broker to finalize the deed of sale. It is important to know that each lending organization generally has its own loan offer. De