Severity in Credit rollovers

Rollover credit using Credits

There is always a risk in leveraging on unearned cash with interests compounded when being rollover to next month. Many topics regarding personal finance are available yet common folks chose to turn a deaf ear on warning signals, stating that the government will bail them out to prevent an economic downturn. However, after undergoing several cycles of financial crisises, it is evident that even G-10 economies faced difficulties in performing bailouts, not to mention savaging corporate firms which have larger impacts as compared to retail consumer spendings. A few (good) experiences to learn from are the dot com crisis, asian financial crisis and 9-11 september attacks. These shocking encounters may wake some hardcore consumers up from their dreamlands.

Credit impairment over long run

The rule of tongue is simple; if an individual borrows to the maximum, there is no other ways to increase credit limits except for a temporary boost. Assuming the individual has been leading a credit spree lifestyle, in an event of emergency such as hospitalization fees, there is no way to leverage on credit cards or personal loans due to the current deficits. When the poll results were out, it is surprising that few consumers are cautious of splurging and laughed when asked on sudden expenditures sighting that let things flow naturally and wait till happen then say. The long term rollover of interests had led to credit impairments and many individuals suffered badly on huge interests racked up from credit card bills. Another shocking fact is that there are consumers who possessed major debts but continue to lead fashionable lifestyles. Upon clarifying with these debt-ridden retail borrowers, the answer is usually no one can predict the future so just splurge happily.

Inflating credit bubble with sloshing cash

It is very dangerous nowadays as credit spenders are counting on monthly paychecks to repay credit card bills. This created an artifical bubble on showing the economy doing well as most consumer spendings derived from cheap credit sloshing around. As government take adequate measures to revive the lacklustre economy, retail & commercial banks are killing the policies by offering lucrative schemes to attract high-end borrowings that might not be repaid at the end of service term. The vicious cycle will repeat until some heroes stand out to cancel credit lending programs. While leveraging up on credit for temporary setbacks is a healthy practice, too much is always bad for anything. Consumers should be wary of their current financial position and the 4 times credit limit is definitely unsustainable in many ways.

Popping the bubble Consequences

No one wants to bear the consequences of bursting the credit bubble, let alone enduring the repercussions from aftermath crisis. How many working folks went unemployed overnight? Can anyone count the number of foreclosures in a seemingly unbeatable economy - US? What are people surviving on during the hard days, scavenger huntings? In order to prevent such horrific experiences from occuring again, it is wise to organize educational talks and those who undergo financial hardships to share personal encounters & traumas. This may mitigate the pressure on influencing peers to splurge freely. The next method to adopt is to limit consumers from overstretching themselves. Regulatory bodies may need to shower other financial institutions on the loans an individual take up from one particular lender. This will lead to the banks reassessing credit competencies of the borrower instead of blindly lending with the hope of possible repayments. An economic downturn affects the entire society and not just the particular segment being badly hit.

Real-Time Money-Making Opportunities 2020

Is forex trading legal? If you're looking to make some money online, at the comfort of your home, then consider starting a trading account with a reputable broker today. Many ECN/STP services are available for you to choose.

Just stick to 1 professional-looking retail brokerage company that has a license! 

Do not go for unlicensed brokers, get attempted by free 100% bonus deposits, or whatever marketing gimmicks. You'll certainly not get your deposits back, not to mention any forex profits made in 2020!

Notably, health is wealth in 2020!

Education on Credit matters & enquiries

Financial literacy in G10

If you ever listen to the news, basically not as glorious as it seems, the articles being reported online or through present media coverage is often very disappointing. In the realm of reality, as economy is undergoing extensive reformations, investors and retail borrowers aren't quite pleased with the ever demanding standards of living. In addition, the G10 currencies are making travelers' mobility restricted in many ways. How then shall the knowledge of financial literature being imparted to our dearest residents when the news forecast is always bleak, darker than usual as moments past by.

Adopt an Interdisciplinary approach

The reality is actually very simple, bad news sell faster and better as opposed to positive pleasant to the ears. Being wary and observant of today's economic restructural programs, one should greatly anticipate the problematic issue arising swiftly - The Great Depression. Adopt an interdisciplinary approach in daily habits and movements to make a difference now. For the finance quadrant, do your best to tally maths up and try to avoid big ticket items most of the time if deemed unnecessary. As for the expectations segment, avoid pinning high hopes on promotion or wage increments but aim to secure your current job. In the world of credit, simply terminate all unwanted credit cards and finish paying up mortgage loans within the shortest time possible. The last portion of the pie is to invest in equities or bonds. The main reason is to outbeat inflation in terms of capital gains or through general dividends so as to increase net worth over time. Take opportunities immediately and forgo instant gratifications, thank yourself later!

Induce a Pavlovian cause & effect

Firstly, the retail borrower has to understand the Pavlovian attitude and impact. With the cheap credit lying around, everyone has been turned on, to try and leverage on credit facilities to either upgrade current standards of living with the hope of future expansion or indulging in speculative activities such as gambling. The greedy desires had stirred up utmost significant troubles that when the tide is over, you'll soon find many consumers and borrowers naked and thrown on shore. Very soon, the admiration will turn into a disastrous catastrophe which spells great trouble and of course, a Recession being sparkled. This is the last thing anyone ever wanted as many will find themselves homeless or debt-ridden for a long period with a bleak future of breaking even. Who will want such a negative Pavlovian effect?

Willingness to Share the Lollapalooza ending

The 'last' moment of joy is to share past experiences to the general public. Through the wide coverage of the Internet, a vast majority can benefit from using the net to search for financial assistance and Tips & Tricks in handling daily finances, with the hope of reaching or securing adequate funds to meet retirement needs. After all, they're still human beings and need to fulfill basic wants without thrusting the responsibility to their children to shoulder. In fact, the more you share, the more information others are willing to aid or advice in your lives. You never know who is going to help you at the very moment dearest call you. A lollapalooza ending is prominent and the gyrating motions will generate much responses from everywhere which in turns, strengthens the safety nets and making the government spend lesser time and resources in aiding the needy, with more resources being deployed to boost the economy rate.

Strict regimentation on Credit balance

Route to Free Cash Flow

Before attaining financial freedom in the world of finance, there is a need to plan adequately on the exact route in kicking off. Firstly, establish a financial blueprint to act as an informative progression plan to adhere to. It may be in the form of randomly throwing in ideas on credit improvements, clearing off debts & mortgages, identifying potential issues and suggesting solutions to the current bleak outlook. What's up with the Free Cash Flow? The ability to generate money over a long period of time, especially in your golden (retirement) days, is extremely vital to one's financial health as well as not shifting the (credit) expenditure burden to family members and stress everyone out. Take this opportunity to learn more on the methods to yield for the betterment of future.

Balance transfer to 1 Single card

When the individual is saddled with debts, interest rates rise exponentially, the credit card bills stacked up to the maximum. Question the sanity of the debtor as to whether the interests is actually payable in the service term. A rational decision is to apply for a powerful credit facility that will be able to tank all sorts of damages and use the balance transfer from other credit cards to this one. Since the cards are non-credit focused already, the interests being pegged too are therefore, gotten rid off together with the principle amounts. In an event, the balance transfer is insufficient, use cash to get out off debt-ridden situation immediately or prioritize the finances to manage the debts. From then on, the single card will be liable to most expenditures as well as being a single fund tracker for all expenses. It is time to lead a conservative lifestyle and never to draw back from credit facilities again!

Say goodbye to Lavish lifestyle

Since you've made the right choice to stay rational in making proper decisions while trying to adapt to the newly fruitful lifestyle, do adhere religiously to your desired retirement objectives by often keeping track of expenses and planning informed decisions beforehand. By then, it is not tough to single out potential conflict of interests or lose control of one's financial pathway. In the end, it is all about managing your expectations and consumer spending habits. Nobody will force you to lead a frugal life by scrambling every single dime instead of having enjoyment out there with family. It is the type of life you want to lead and occasionally, it's possible to indulge in some luxury happiness - up to you to decide! Give your family some treats to boost bonding between members and bring joy to them, this is something money or any material objects can never achieve.

Track your Expenses & Review

History cannot emphasize enough on the utmost importance to track your expenses as well as to do a performance review over a period of approximately one year. Why must I track my spending and chase after reviews? The fact that past history can never be an exact indicator, you are solely responsible on your finances and as the head of household, the members in your clan is waiting for you to put food on the table. The question is whether you can afford to live on Credit facilities and make everyone think of money when it comes to spending on necessities.

For more investment tips & tricks, do read up reputable sources from the Internet. A light research can save you the hassle on identifying probable solutions and advocate financial prudence by sharing real-life experiences so that others will not follow the miserable footsteps of the kind sharer.

Deliver Credit into good hands of Users

Knowledge on Credit Functions

There is nothing wrong about any financial instruments in the market - Equities based, Forex mobility, Options & Warrants, Derivatives, Futures or Commodities. It all depends on how the users use these financial vehicles to generate more income with the power of leverage. By tapping on futuristic projections, the borrower is able to receive higher returns doing the same thing as opposed to traditional trading without credit functions. One must remember an old adage, "Past performance is never an indicator of future performance." This sentence gives retail borrowers who needs to leverage to think twice before the final conviction.

Who can Leverage on Credits?

The first question to ask is how comfortable are you when it comes to (manipulating) credits? Some folks are more efficient and competent in the sense that they're likely to be more rational in decision making as well as possessed an in-depth plan of utilizing leverage to optimize profits and minimize any potential losses when gap down. Renowned hedge fund managers often perform hedging to prevent against unwanted fluctuations and this is one key thing when it comes to handling credit facilities - lower profits in exchange for potentially heavy losses. For the commoners, they tend to do naked puntings and based on speculative guesses without much information in the relevant markets hence it is unwise for them to leverage heavily on the broker house equities. It is pretty dubious on taking ownership of credit functions in the established resourceful markets.

The power of Credit usage

How tremendous can the borrower benefit from using leverage? Everyday, the news reported that someone has significantly lose most of the assets due to leveraging on bank's equities or being unable to pay up for the outstanding mortgage valuations. It seems crazy but the rewards are exponential! In the realm of using leverage, the power of credit will boost the profits up based on the amount of cash invested plus the leverage folds. Let's say a retail trader boldly borrows 10:1 ratio, based on a 10 times increase, his profits will rise ten folds once the deal goes through Earnings before Interests, Tax, Depreciation & Ammortization. That is how powerful can one reap from such enormous gains!

Final resort to Borrowering

Do not attempt to borrow credits from the banks when the individual has outstanding loans. In the state of indebtedness, how is he going to pay up the interests when his current owing amount is unable to come to complete settlements? If there is no existing liabilities, only then, can a retail borrower leverage on credit facilities. The reason behind is that there are risks like costs of borrowings or potential failure in the respective investment niche which draws direct attention to contingency plan. However, the person possessing debts will face extreme difficulty in compensating for the losses. Hence, the final resort is never an option. Leverage yearns an enormous advantage over traditional cold hard cash and it does benefit users!

Knowing the Borrowing costs in Credit

To Leverage or Not in Credit?

The powerful thing about leverage is on the ability to expand at an increasingly manner that borrower's current circumstances forbid. This authority may blackfire anytime should it be abuse by the lendee. A conventional wisdom states that, "To be or not to be, that's the question", hence tapping on future cash is deemed as short term borrowing in expectance of reaping better rewards in the long run. Not everyone is suited for being borrowers. Just by looking at the interest rates piled up from credit cards and debts will one know who is responsible in handling finances and who's not.

Pros & Cons of Credit 

Before indulging on Credits, make sure that an individual is well aware of the risks and costs of borrowings. Certainly, there will be advantages in leverage, else what's the point of utilizing, but do note that the cons might come back to haunt you if not being managed in a prudent manner. One of the key points why Credit is such a beauty is because the lendee may use it to gain bountiful returns by enhancing current investments or buy new properties that can be rented out for "passive income" over the next few years while covering mortgage loans. Some prefer to setup small businesses using credit lines from personal loans to be owners and out of the rat race. Who says increase lifestyle equates to having more debts? In fact, many borrowers are successful in putting more cash on the table by purchasing new houses, renovating & renting or even investing in other peoples' businesses for recurring income.

Active vs Passive Borrowing costs

Firstly, an individual who wants to take up loans need to have the necessary knowledge in borrowing costs. There are two main components; Active vs Passive risks. What's so important about this? When it comes to active approach, loan repayment schemes and penalties come into mind. The costs of borrowing depends on the loan tenor, types of loan as well as the risk profile of the borrower. All these factors contain significant impact in ruling out the possibilities of loaning. How about passive risk? It is something not obvious but still working round the clock at the backend. Such risks are like global inflationary pressures or government's interventions in certain policies. Based on the average interest rates, it stands at 3% per annum, which forces the loan repayments to increase without the borrower noticing anything. Should government make unfavorable rulings like reducing tenors, the impact will be put on lendees. All these constitute to the importance of understanding risks.

What to leverage on and what not

The final piece to the puzzle is to ask what to leverage and what not. Based on past statistics, those who borrowed for speculative investments often faced with massive debts and finally reaching bankruptcy, with personal debts irrecoverable to relatives & friends. Such cases originated from  indulging in gambling activities, owing private moneylenders, leading lavish lifestyles, overstretching finances in high-end condos & European cars. These financially unhealthy activities made an individual's credit rating degrade and creating social problems over the long run which are costly to repair.

If the borrower has planned out on the necessary credit debts, the implications are proven to be less harsher in reality. Let's say an individual wants to expand his business by leveraging on credit lines. After weighing out the possiblities and risks, he initiated a bank loan and act accordingly to his path, in an event something bad occurs, he has contingencies to mitigate the issues. If everything proceeds in a smooth transition, he'll have the luxury to either expand further or be contented with his financially healthy lifestyle. Choose what to leverage on wisely.

Can Credit really benefit debtors

Credit beneficial to Borrowers

What is the first impression when the term 'credit' is being introduced to you? Old folks often lamented that the power of credit will destroy an individual's financial well-being and credibility in the long run. How true is that? Indeed, there is a saying famously known as "Money is the root of all devil". However, have one every asked how the country derives with flourishing economy. It is the jobs of investment banks, retail & commercial businesses as well as hedge fund managers to create a blooming influx of cash surpluses. But, they don't possess the financial capabilities to fund these capital-intensive infrastructures hence leveraging on commercial credits being loaned to them at moderate interest rates by the relevant Central Banks. How about retail borrowers, find them out before!

Who can benefit from Credit cards?

Knowledge is power to success! If any direct sales officer ever stops you in the shopping mall or just outside the bank, don't reject them outright as they might have some special deals crafted out by the marketing team and audited by the quality control segment. Most of the time, two keywords will pop out in their sales pitches - Credit Cards and Personal Loans. You must be thinking why are they so persistent in selling and part of the reasons is that it yields a considerable amount of commissions, not exactly the highest, but the most lucrative and higher success rates being proven in the industry.

As a retail spender, learn more about the respective credit cards being offered by various banks. Be surprised that most of these retail bankers are non-competitive as they target different segments and audiences. Credit cards offer rebates from shopping expenses as well as signing up incentives like vouchers which can significantly reduce spending on necessities. Use it to your advantage today!

There are banks looking at consumer spending, others in search of credit loaning facilities and remaining ones after high-networth-individuals.

Taking up Student Loans using Credit

Wanting to spearhead career or pursuing your passion in something desirable but lack the cash to do so, there is a loan facility by the name of Student Credit department. What's so special is that retail banks do offer students to adopt study loans with fixed interest rates to upgrade themselves even without initial capital outlay. Further studies can be costly and not everyone can afford but in this competitive industry, bankers design unique types of loans to increase their market share as well as making these aspiring students benefit in the long run, win-win situation for the economy and users.

Retail bankers & Micro moneylenders are more willing to allow students to leverage on credit as they're still young and have the financial future to make repayments. The debtors are usually insured by third party insurance firms in an event of unforeseen circumstances and the banks don't suffer massive losses at any point. Another attractive thing is that by adopting a student loan, there are perks such as extended loan tenor of up to 8 years as well as zero upfront installments during the period of studying. Who is to reject such an enticing opportunity?

Rights & Accountability for Debtors using Credit

Firstly, debtors who want to tap on future cash as to understand the risks of doing so by assessing their level of comfort in repayments as well as the purpose of using. While credit bureaus & credit reporting agencies are surfacing to help in designing specific precautionary measures, it is the responsibility of debtors to borrow a conservative amount under any circumstances. This will help the economy generate more activities with lesser risks of facing heavy deficits in provisional for bad debts should a recession occurs. Debtors have their rights to sound off and negotiate with creditors in an event they're unable to pay up the liabilities and the fact that lenders have to respect the decisions else face harsh punishments in the grand jury. Do not take Credit for granted as it is the future cash that has not been earned.

Do you really need Credit

Credit a necessity or a want

The first question in mind is whether credit is necessary for daily survival. If the answer is Yes, then the individual needs to rethink the plans being set out else risk being debt-ridden for life. While it is not wrong to take advantage of cheap credit in this low interest rate environment, one must be aware that nothing last indefinitely and one day, interest rates might revert back to norm and outstanding loans will be hit. A debt-free lifestyle is ideal but there are several loans that are inevitable to an average consumer - mortgage loans, car loans and recurring expenses.

Questions to ask before taking up Loans on Credit

Two things to ask before tapping on future cash - "Is this Credit necessary" and "Is this Value for Money". If these two questions are unanswered, needless to speak, get rid of them. Let's say you need a car for traveling purposes, it is good to take up a loan if you're just starting out as a businessman but the key question is on the loan amount being taken up. Why overstretch your finances by buying a newly imported BMW when there are so many secondhand cars available at unresistable prices? In fact, a basic sedan can transport you from point A-B at competitive timing with a fraction of costs. How about purchasing a new house? Why buy an expensive villa with heavy maintenances from pools & gardening when a low-cost house with beautiful decor is up for discount? All these expenses can be controlled with prudent judgments, eliminating insanely high costs in the long run and benefitting borrower's in terms of financial health.

Holiday trips funded with Credit Cards & Debts

It is good to travel abroad with friends & family members for rest and relaxation purposes. All is good until the word 'credit' kicks in. Why must the holiday be saddled with credit card debts or loans from credit lines? Is the overseas trip too expensive for you to handle? Scrap the ideas of going abroad if the individual don't have the financial means to do so. Seek alternatives like going to a beach down the borders or simple picnics in the green grasslands. Similar characteristics but great difference in finances. Eradicate all credit card debts and only take advantage of credit cards when opportunities arise. Get out of credit lines as it is going to be crazy remunerating hefty interest rates albeit low inflationary measures. None of these future cash can aid you in generating better returns.

Contentment vs Credit lifestyle

Do you really need Credits for survival? No one is in the right position to judge your spending but if someone needs to stand in your way like credit bureaus or licensed moneylenders, something is very wrong with your current lifestyle. A cool suggestion is to lead a contented life by indulging in happiness and not extravagance. Daily parties in luxury yachts or fine dinings can never provide permanent joy. It has been proven that long term contentment derives from a debt free lifestyle. Even before splurging on credit cards, ask yourself, is this thing really a want or a need?