Archive for the ‘Loanio’ Category

Loanio Roundup – The Economy, Small Business, Loans, and P2P Lending

Thursday, June 25th, 2009

The Economy, Small Business, Loans, and P2P Lending

Welcome to the fourth edition of Loanio’s roundup. There’s more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you’re up to date on all the financial information. Might want to grab a coffee first.

We hope the remainder of your weekend is great!

The Economy:

Small Business:

Peer-to-Peer Lending:

Loanio in the News:

Photo Credit: 1

Originally posted 2020-10-26 05:40:29. Republished by Old Post Promoter

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    Financial State of the Economy

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Loanio Roundup – Credit and P2P Lending

Thursday, June 18th, 2009

Credit and P2P Lending

Welcome to the third edition of the Loanio Roundup. This edition looks at what is going on in P2P lending, the economy, and more. There are some links on college financing and a swift look at the auto industry. Browse the links below and tell us what you think. What are you most interested in hearing about? Have a good weekend!

The Economy:

Auto:

College:

Peer-to-Peer Lending:

  • Nice Words writes about the rise of peer-to-peer online lending.
  • New York Times talks about how in credit crisis, some turn to online peers for cash.
  • Wall Street Journal briefly mentions p2p lending in mortgage lending for sellers.
  • The Experience Economy discusses peer to peer: why P2P is better than capitalism an interview with Michel Bauwens.
  • Zopa shuts down US branch says Rate Ladder.
  • Making Money says he’s lending $1000 in The Street.com through p2p lender sites.

Loanio in the News:

Photo Credit: 1

Originally posted 2020-10-19 05:45:40. Republished by Old Post Promoter

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    The Resilient Dollar

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Loanio Roundup – Wall Street Crisis and the Resilient Dollar

Thursday, June 11th, 2009

The Resilient Dollar

Welcome to the second edition of the Loanio Roundup. This edition focuses heavily on the national economy and peer-to-peer lending news. We hope you enjoy pursuing through the links below. Leave a comment and tell us what you think – we’d love to hear your views on the Wall Street Crisis and National Bailout.

The National Economy:

Career and Home:

  • CNN Money says jobless claims fall from 7-year high.
  • Yahoo! Money presents the How-to Guide: Buying Life Insurance.
  • Kiplinger talks about marriage and money.

Peer-to-Peer Lending and Loanio in the News:

  • FiLife writes new age borrowing: peer to peer loans.
  • My Card Blog posts Loanio launches person-to-person lending service.
  • American Banker writes Loanio P-to-P firm caters to subprime borrowers
  • Center Networks says peer-to-peer lender Loanio launches to help credit challenged people obtain loans.

Photo Credit: 1

Originally posted 2020-10-12 09:26:41. Republished by Old Post Promoter

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    Credit and P2P Lending

    Welcome to the third edition of the Loanio Roundup. This edition looks at what is going on in P2P lending, the economy, and more. There are some links on college financing and a swift look at the auto industry. Browse the links……
  • Loanio Roundup – Dia de Los Muertos

    Financial State of the Economy

    Good morning and welcome to the Dia de Los Muertos edition of Loanio’s roundup. Dia de Los Muertos is a holiday celebration that takes place primarily in Mexico and celebrates the dead. It goes by Day of the Dead in English……
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Loanio Roundup #1- National Economy

Thursday, June 4th, 2009

Roundup #1

Good morning everyone! Welcome to Loanio’s first ever roundup post. We’d like to thank the blog community for their support. You are the best press releases out there. Then lastly before we start with the links we would like to take a moment to wish everyone a splendid weekend. Take care.

The National Economy:

Stocks:

Peer-to-Peer Lending and Loanio in the News:

Photo Credit: 1

Originally posted 2020-10-05 05:57:12. Republished by Old Post Promoter

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    Investing even $20 makes a big difference.

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  • Loanio Roundup – Dia de Los Muertos

    Financial State of the Economy

    Good morning and welcome to the Dia de Los Muertos edition of Loanio’s roundup. Dia de Los Muertos is a holiday celebration that takes place primarily in Mexico and celebrates the dead. It goes by Day of the Dead in English……
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Welcome to the Loanio Blog!

Monday, June 1st, 2009

Now that we are deep into the first 24 hours of going live, I would like to take a moment to officially kick off the Loanio Blog. For more about our official launch, please click here to view our first press release.

The week leading up to this launch has been a wonderful time for me and my family. My son just turned one, I won $1,000 in the New York State lottery, the Jewish New Year began, and now Loanio has finally launched! However, the week also continued with lots of uncertainty about the future health of U.S. financial markets and economy. I for one am quite confident that things will eventually get back on track, but I believe we have a long road ahead of us. With that said, I suppose you could argue that it is either the best of times to introduce a new “alternative” lending and borrowing platform-like Loanio-or the worst of times. We are passionate about the former and we hope you are too.

At this time, I wish to thank everyone who has been supporting this project from day one. The development of this website has been a very long, complex, and winding journey-it simply would not have been possible without them.

I am extremely excited and bullish on the future that is ahead for Loanio and the rest of the peer to peer lending community. I invite you to join us toward the goal of bringing these great alternative borrowing and lending vehicles to everyone.

Michael Solomon
CEO and Founder

Originally posted 2020-10-02 07:55:23. Republished by Old Post Promoter

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Is Some Debt Good For Your Credit?

Wednesday, May 20th, 2009

Does debt improve credit?

There is no doubt about this, first of all: Getting into debt is more than capable of getting you into trouble. Although there is definitely a large downside to debt, borrowing money can also do you some good. Some debt is actually good for your credit, but only if you understand why, and how much debt is good in comparison to when your debt has become too much.

With the help of credit, you can achieve some of your financial goals. Debt allows you to take advantage of experiences and opportunities that enhance your life, like buying a car or purchasing your dream home, going to the best school or taking a cruise around the world. Getting the true value out of your credit has to do with developing a spending plan that allows you to get there in the time frame that you have set, without ruining you financially.

With the help of credit, you can send a message to potential lenders. If you have never had any debt, then you have never used credit before and will not have a credit score or a credit report to speak of. In today’s world, however, it is difficult if not completely impossible to live without credit, because credit is vital for purchasing most big ticket items, like higher education, vehicles and homes. Credit is also heavily relied upon for the purpose of preparing for life’s emergencies. For all of these reasons, having a good credit reputation is going to show potential lenders that you are a good and healthy credit risk by showing that you can handle a little bit of debt. By showing your capability to repay debt, you can put yourself in a good position to attract creditors offering favorable terms and rates.

Credit and debt are also capable of giving people a sense of how responsible you are. If you had no debt or credit history, you would find yourself being disadvantaged in other ways. Should a prospective employer check your credit record and come up empty for example, they may find this strange, and not want to hire you. Without a credit record, employers, lenders and other individuals lose out on a potential way to appraise who you are. Debt and credit are important for getting an apartment, applying for car insurance, buying a home, even sometimes renting a car. Even if you can afford to do some of these things, using debt and credit to create a history of how you handle money is an advantageous option in favor of just using cash for everything. Credit is not only a tool for extra income, but it is also a way to show lenders, employers and other individuals how responsible you are when it comes to borrowing, spending and repaying your money.

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Originally posted 2020-01-19 05:45:46. Republished by Old Post Promoter

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Stocks a Good Investment?

Friday, May 15th, 2009

Penny Stocks

Penny stocks are often regarded as a sound investment idea, but they are especially popular during times of a recession, though many people are unaware of the “why”. The reason why penny stocks are a good investment is because the prices of penny stocks for credible companies go up nearly every day, earning you a profit of more than 50 percent over the market price of the stock. Additionally, by going for stocks that are only purchased in great values, you are following an excellent strategy because the bulk trade is something that indicates a rise in the prices, as well as a rise in the chances that the return will be good financially. You should always observe the fine print of the company’s statements when it comes to penny stocks. If you fail to look at both sides of the moon, then you may end up incurring more loss than gain in your investment endeavors.

Right now we are witnessing a real global financial crisis, and many stock brokers are experiencing what is essentially a living nightmare. The global economy is in jeopardy, and many great companies are rising and falling during what is bound to be a truly depressing recession. While many large scale companies and their once booming stocks are suddenly falling, it does not mean all stocks are a poor investment, because there are some little known investment vehicles out there that can still offer excellent returns if you are willing to ride it out and be a little patient with the market. Are stocks a good investment? Traditional stocks may not be the best investment vehicle right now, but penny stocks on the other hand may be just the ticket.

When the stock market is thrown into obvious turmoil, there are obviously some new risks to contend with when it comes to traditional stock investing. Because so many companies are coming into business and going out of business, it can be overwhelming to choose stocks that are sure things, or even stocks that are going to be remotely profitable in the coming months. Penny stocks are shares that are floated in the stock market by smaller companies at values that are less than five dollars.

These penny stocks have a chance of yielding a really huge profit within a short period of time, provided that you are careful when you choose which companies to invest in, and make wise choices accordingly. Penny stocks are often regarded as a sound investment idea, but they are especially popular during times of a recession when other stocks are not sound investment opportunities. As the market dips, predicting the values of stocks diminishes a great deal, but penny stocks are much easier to appraise, and can turn much greater profits in shorter periods of time when sound investments are made.

Good research is vital when it comes to choosing penny stock companies. You should always observe the fine print of the company’s statements when it comes to penny stocks. If you fail to look at both sides of the moon, then you may end up incurring more loss than gain in your investment endeavors.

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Originally posted 2020-01-14 05:29:22. Republished by Old Post Promoter

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  • Loanio Roundup #1- National Economy

    Roundup #1

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Handling Debt Collection Phone Calls

Thursday, May 14th, 2009

How to Handle Debt Phone Calls

If you are late on a bill, or more than one bill, then you are probably beginning to receive collection calls from people who want payments from you. You may find yourself in the middle of what is essentially a recurring nightmare of callers who are absolutely insatiable and who will not go away. This does not have to be the case, however, because the FDCPA protects debtors from being harassed by creditors, especially when it comes to harassment via the telephone. Armed with your knowledge of the regulations and rules, and a plan of action, there is no reason why you cannot handle the calls before they overwhelm you.

The first step in the process is to decide whether or not you should answer the phone in the first place when your debt collectors do decide to come calling. If a collector has been trying to pursue you, you may find yourself reluctant to pick the phone up at first for a variety of reasons, or if you have already explained to the collector that you are doing your best but you are forced to have the same conversation over and over then you may feel frustrated and unproductive. Collectors can be overbearing, and as a result it can be easy for you to become overwhelmed and frustrated. You do not have to pick up the phone, but your caller ID and voice mail machine are not going to help you solve your debt, and if you want to get out under your debt you are going to need to be willing to talk to your creditors.

Learning how to handle creditor phone calls means that you need to have a script in order to have an effective conversation with your creditors. The most effective key is to have a plan figured out before you make any promises, so that you do not under deliver or over promise. You should never lose your temper, but you should also avoid tolerating any abuse. If you begin to feel overwhelmed at any point during a conversation with a creditor, seeking professional advice from a credit counseling may be a good avenue to take.

You are not the first person to be going through this, and other people have managed to get through their credit problems and debt collections. You will also get through it as well, but only if you have a plan that you can follow, and are patient and willing to work with your creditors. More often than not, if you are willing to work with your creditors, they will be willing to work with you, and this is well worth keeping in mind when your creditors phone you. If you show that you want to make things work, then they will be much more willing to work with you in most circumstances.

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Originally posted 2020-01-13 05:24:05. Republished by Old Post Promoter

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Setting Goals for Good Personal Finance

Wednesday, May 13th, 2009

What are your goals?

Setting goals is an important part of your personal finance plan. Goals can be divided into four unique categories that are relatively general in nature. These categories are short term goals, intermediate term goals, long term goals and life goals.

Short Term Personal Finance Goals –

These short term goals are most commonly the things that you want to have accomplished within a single year. These things may include taking a family vacation, beginning to invest money into your retirement plan, donating money to a charity, putting savings into your emergency fund, moving from a smaller apartment into a larger one, purchasing a sought after piece of jewelry o a new wardrobe, joining a local sports club, paring down your debt, or a number of other small, short term goals that relate in one way or another to your personal financial future.

Intermediate Term Personal Finance Goals –

The intermediate term goals in your life are the things that will take between one and five years for you to accomplish. These goals may include saving enough money to allow you to buy a brand new car, beginning a family, or paying all of your debt off completely.

Long Term Personal Finance Goals –

Long term personal finance goals are the goals that you will be accomplishing at least five years or more down the road. Some of the goals that fall into this category may include saving for your child’s education, starting up your own business, purchasing a home, purchasing a boat, or going into retirement, though there are a number of other goals that fit into this category as well.

Life Goals –

Life goals are personal finance focused goals that do not have a timeframe, primarily because you will probably never completely or fully achieve them. These are not always specifically money driven goals, but they are certainly life altering goals and relate to striving for something better. Some money driven life goals may include “Make more money” Or “grow my savings”, since these goals have no specific end or time frame.

As you begin to think about your own personal finance goals, you should try to put consideration into which of these categories each of the goals fits into. Fit all of your goals into the short term, intermediate term and long term categories, and then look at how your goals are categorized. You want to have an even number of goals in each category, rather than focusing too heavily on the now, or too heavily on the future. You should also make sure to have goals that do not require money, because not everything has to be material. But when it comes to planning for the future, having clear cut goals for your personal finances is a smart move and can help to ensure that you have your needs met financially throughout your life, no matter what obstacles are thrown at you, or how your needs change over time.

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Originally posted 2020-01-12 05:17:16. Republished by Old Post Promoter

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5 Tips for College Students on Budgets

Friday, May 1st, 2009

When you are in college, it can become easy to get caught up in your busy, stressful lifestyle. With all of the studying and working that you have to do, coupled with hanging out with your friends, working part time jobs and participating in extra activities, it can actually become extremely easy for you to forget about your finances. Unfortunately, your finances are a vital part of your life. Here are some proven tips for a college student’s budget.

Living on Ramen?

1 – Plan ahead.

You need to figure out where your cash flows are coming from by listing incomes from parents, student loans, jobs and other sources. Then you need to figure out what your monthly expenses are, including food, books, health and other activities and fees that you need to contend with. Make sure that you are making enough income to handle your expected expenses, and then allow for extra money to deal with emergencies. Once you have established a basic working budget you just need the discipline to keep to it.

2 – Save on your food.

When you were living with your parents, obviously eating was an expense you did not have to think much about. However, now that you are in college it is one area that you need to pay attention to. If you have a food allowance, use it to its fullest potential and avoid eating out because this will destroy your budget in no time. Whenever possible you should plan meals and pack your lunch.

3 – Take advantage of student discounts whenever possible.

Use your student ID and organization memberships to get discounts whenever you can. They may seem silly but they can really add up over time.

4 – Use cash whenever possible.

If you already have money on your student ID, use this first. Avoid using your credit cards or debit cards any time that you have cash. You should use plastic only in emergencies, because cash is easier to track and gives you a better idea of how much money you have. Most college students end up leaving school with higher credit card debt than before, and this can add up to years of paying off debt because of a couple of years of poor spending habits.

5 – Keep yourself as busy as possible.

Join clubs, groups and organizations in whatever field you are interested in, in order to keep yourself busy. Keeping yourself busy will help you to stay away from things that you would normally spend money on when board. You may find yourself surprised at how much money you can save over time simply by spending less on things that you do not need, and following your student budget instead. Sticking to your budget is easy when you keep your mind busy and yourself entertained.

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Originally posted 2020-12-31 05:43:35. Republished by Old Post Promoter

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