Being careful with your money is very valuable. Here are some advices regarding finance terms. Secured credit cards are an option for people who don’t have a ?credit history or who have damaged their credit status. Secured cards require a security deposit to be placed on the card. The credit limit on a secured credit card is typically equal to the amount of the deposit made on the card, but it could be more in some cases – such as a major default such as defaulting on a mortgage payment. It’s worth noting that you’re still expected to make monthly payments on your secured credit card balance.
Payday Loan Interest: Payday lenders charge borrowers extremely high levels of interest that can range up to 500% in annual percentage yield (APR). Most states have usury laws that limit interest charges to less than approximately 35%; however, payday lenders fall under exemptions that allow for their high interest. Since these loans qualify for many state lending loopholes, borrowers should beware. Regulations on these loans are governed by the individual states, with some states even outlawing payday loans of any kind. In California, for example, a payday lender can charge a 14-day APR of 459% for a $100 loan. Finance charges on these loans are also a significant factor for borrowers as the fees can range up to approximately $18 per $100 of loan.
Terms: When a borrower puts up an asset, such as a car, as collateral for financing, it is called a title loan. People who need money in a hurry often take out car title loans and wind up paying exceedingly high interest rates.
Construction loan: A loan which funds the construction or renovation of a property. The funds are released to the borrower in stages in line with the development of the property. This allows the borrower access to the funds as they need them so the borrower does not accrue interest on the entire loan until the whole amount of the loan has been released.
For our finnish readers here is a resource that you might find useful : Credit Card Types. Mortgage, or home loan: An agreement between a lender and a borrower who is a property owner where the property is used as collateral or security for an amount borrowed to purchase it.
Plans and Expectations: Even though Hemlock has seen numbers jump in various areas over the past quarter, the fact that it missed analysts’ estimates may not bode well for investor confidence. Earnings estimates are forecast expectations of earnings or revenue based on projections, models and research into the company’s operations and most frequently published by financial analysts. Some companies will provide “guidance” of management’s expectations for future results. Even if a company sees an increase in profitability, if the actual earnings fall below expected earnings, the market will see to it that the stock price adjusts to the new information (read: drop in value.) This is due to the fact that estimates are usually built into the current price of a stock. Thus, when investors hear how a company “missed expectations” in spite of higher revenues being reported, the market corrects the price of the stock accordingly.
