People borrow money for various reasons: for fulfilling daily needs, for purchasing things, for financing college tuition, for paying mortgages, for starting a business, and so forth. The amount of money borrowed is also varied, starting from a few hundred to many thousands of dollars. Different needs of money borrowers have instituted several methods of money lending 借貸. Three of the most common methods of borrowing money are loans, overdrafts and credit. How should each one them be used for getting proper and effective money lending? Keep reading short descriptions below.
Loans
Loans consists of four major types; secured, unsecured, and Credit Union loans, and Moneylines.
- Secured loans
With this method, the borrower should surrender security to the lender prior to borrowing money. The security may be in the form of assets or other valuables. When the borrower fails to keep up with the payments, the lender has the right to force the sale of the secured assets or seizure the assets as has been written in the loan agreement. As this method is less risky than an unsecured loan, secured loans are commonly cheaper in terms of interest. This kind of money borrowing is mostly suitable for borrowing huge amounts of money over a long term, for instance for home improvements.
- Unsecured loans
This method does not require you to surrender any security, hence giving greater risk to lender. Due to that reason, unsecured loans commonly have higher interest rates, shorter repayment terms and more stern rules. Penalties may occur if you fail to repay after the maturity period or even if you attempt to repay the loan before the maturity.
- Credit Union loans
This loan is regulated by financial organizations. The loan is provided by and to the members of the organization. Commonly, members of the Union share similarity so that they can bond into an organization. The similarities may include workplace, housing territory, membership in a certain association, and so forth.
- Moneylines
This method is provided for unfortunate people who face difficulty in finding financial institutions around their area. The moneylines are managed by the community to provide loans for people in undeserved markets and remote areas. The money lent may be used for working capital, business purchases, start up capital, home improvements, property and equipment purchases or personal loans.
Overdrafts
You will need a bank account to have an overdraft. This borrowing method allows you to borrow money up to certain limit when your account has no money in it. This is surely an advantage for overcoming short-term cash flow problems. This money borrowing method is flexible as you can repay the debt when it suits you. However, overdrafts are better used for short-term loans with small amounts of money, as the interest rates of overdrafts are generally high 借錢.
Credit
Another method to borrow money is by purchasing on credit. Using a credit card or other credit arrangement, you can pay for goods or services in installments. With credit payment, you can get better protection for larger purchases, acquire instant gratification, simplify travel plans and build a solid credit record. However, this method also has some issues such as irresponsible spending, interest payments, credit score issues and penalty risks.
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Kasus Bank BUMN - Senior economist Institute for Development of Economics and Finance (INDEF), Faisal Basri revealed there are many mode of corruption is not a recognizable society.
Among them, the mode of corruption involving the State-Owned Enterprises (SOES).
"I'm sorry if can't mention the name of the bank in the official forum of this," Faisal said in a public discussion held Indef in his office, Jakarta, Monday (30/9).
(Read: Businessman Samin Tan, is Examined by the KPK in the Bribery Case of Coal)
In this case, the credit is treated as a current credit, even though his project fail and not generate profit.
What news the Financial Services Authority?
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Investment funds can be classified according to two criteria: the presence of the Fund and the investment policy pursued by the Fund.
An investment Fund is, as a rule, the element or entity for collective investment, in which it buys shares and instruct the Fund and the society that manages the Fund, investing money in different company.
The Fund Manager on behalf of the investors selects the best securities to the value of units that you bought to grow in the future.
The least accessible closed-end funds, are funds which are established for a limited period of time, which sell so-called.
Here it is possible to distinguish two types of such funds: equity, hybrid, sustainable growth, which are safe, in which the proportion of shares is usually not more than 20% and balanced funds, where the share can be even 50-60 %, and the rest can be an investment in the bonds.
This investment is designed for investors who have large resources of money and can spend some of that money on more much risk funds.
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