...It can be frustrating at times, but our credit score determines a lot in our quality of life. A bad credit score can affect the interest rates on car loans, house loans, student loans, and any other loan of money needed. So, is it possible to fix bad credit? Your credit score can range anywhere from zero to 800. The higher your score, the better interest rates you'll get on loans, and the more likely you'll be approved in any lending process. The difference between two credit scores can mean thousands of dollars spent on interest rates. When your worried about your credit score, the first thing you need to do is to get a copy of your credit report. If your score is below 720, then you have some work to do if you're looking for a good rate...
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...Young Consumers Credit card use: disposable income and employment status Joshua Fogel Mayer Schneider Article information: To cite this document: Joshua Fogel Mayer Schneider, (2011),"Credit card use: disposable income and employment status", Young Consumers, Vol. 12 Iss 1 pp. 5 - 14 Permanent link to this document: http://dx.doi.org/10.1108/17473611111114740 Downloaded on: 26 November 2015, At: 00:30 (PT) References: this document contains references to 29 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 2151 times since 2011* Users who downloaded this article also downloaded: Downloaded by Universiti Selangor At 00:30 26 November 2015 (PT) Arpita Khare, Anshuman Khare, Shveta Singh, (2012),"Factors affecting credit card use in India", Asia Pacific Journal of Marketing and Logistics, Vol. 24 Iss 2 pp. 236-256 http://dx.doi.org/10.1108/13555851211218048 Zafar U. Ahmed, Ishak Ismail, M. Sadiq Sohail, Ibrahim Tabsh, Hasbalaila Alias, (2010),"Malaysian consumers' credit card usage behavior", Asia Pacific Journal of Marketing and Logistics, Vol. 22 Iss 4 pp. 528-544 http://dx.doi.org/10.1108/13555851011090547 Wendy Ming-Yen Teoh, Siong-Choy Chong, Shi Mid Yong, (2013),"Exploring the factors influencing credit card spending behavior among Malaysians", International Journal of Bank Marketing, Vol. 31 Iss 6 pp. 481-500 http://dx.doi.org/10.1108/IJBM-04-2013-0037 Access to this document was granted through an...
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...Assignment 1: Calculating Credit Scores Course Objectives and Learning Outcomes Identify the factors that determine someone’s credit rating. Calculate the cost of a loan given various ratings of the borrower. Analyze various personal finance scenarios dealing with student loans, personal consumer loans, mortgages, the true cost of bad credit, compound interest, savings, investing in assets, budgeting, and using self-control when spending. Assignment Requirements A credit score needs to be protected and improved. You need to understand the true value of a credit score by researching the causes of bad credit scores and how to improve them. Using the Internet and ITT Tech Virtual Library, you will research how the credit score is calculated and what influences the credit score. Answer the following questions in detail. How is your credit score (FICO) created? Who reports your FICO score? What are the factors in determining the FICO score? What steps could you take to improve your FICO score? Required Resources Skills for Living a Rich Life, Chapter 12 Computer with MS Word and Internet access ITT Tech Virtual Library Printer Submission Requirements Prepare a two- to three-page typed paper, double-spaced, using 12-point Times New Roman font. Please include appropriate references in APA format. This assignment is due at the beginning of Unit 8. GS2745 UNIT 7 ASSIGNMENT 1 How is your credit score (FICO) created? FICO Scores are calculated from several...
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...Name Course Date Buy a home Paper Outline Abstract * A brief overview of all the sections discussed in the paper. * Summary of the content discussed Introduction * A brief statement about the research topic * Importance of owning a home * Challenges faced in owning a home * Measures to the challenges faced in the buying of homes. Body * Steps by step procedures of buying a home * Credit ratings - Types of credit offered for homeowners - Credit agencies - Credit history and its effects to the home ownership - Calculations of credit scores using different techniques like Fair Isaac method - Types of credit scores (depending on the number of reports) - Strengths and limitations of credit scores calculations. - Setting of budgets. -Analysis of income, debt, and credit (Helps in the determination the kind of loans that could be made available to the owner) - Analysis of monthly home payments such that the payments should not exceed the 36% limit of the gross monthly income. - Lining up of cash - Sourcing for down payment and closing costs. - Types of lenders who provide assistance on the mortgaging opportunities - Finding an agent. - looking for agents who are experienced and commissioned based because they are the ones who are trustworthy - Searching for a home - Ways of searching that is through the online forums and websites or physical visits to the place -The search may be based on locality, price...
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...201-8488 Course: AMH 1041 Credits: 3hrs Reference # 155106 Class Time: 1:25 - 2:15 p.m. (MWF) E-mail: burnsy@tcc.fl.edu Session: Fall 2015 Course Description: American Experience I (3) FA SP SU Prerequisites: Documented exemption, appropriate placement scores or completion of developmental education reading and writing. AMH 1041 examines the historical experiences and events that have shaped America's social and economic development in order to foster a better understanding of America's culturally diverse society. Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences and events that shaped America’s social and economic development, in order to foster a better understanding of America’s culturally diverse society. Lecture: 3 hours. Close Close Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences and events that shaped America’s social and economic development, in order to foster a better understanding of America’s culturally diverse society. Lecture: 3 hours. Close Close Prerequisite(s): satisfactory completion of Developmental Writing II (ENC0025 ) and Developmental Reading II (REA0017 ), or appropriate placement scores. Examines the historical experiences...
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...ASSIGNMENTS Table of Contents Graded Assignments 2 Unit 1 Assignment 1: It Takes Courage 2 Unit 2 Assignment 1: Left in the Lurch 3 Unit 3 Assignment 1: Gratitude Journal 4 Unit 4 Assignment 1: Create a Business Letter 5 Unit 5 Presentation 1: Small Group Presentation: Leadership, Conflict Resolution, and Teamwork 7 Unit 5 Assignment 1: Compare and Contrast Effective and Ineffective Leaders 8 Unit 6 Assignment 1: Create a Long-Term Financial Plan 10 Unit 7 Assignment 1: Calculating Credit Scores 11 Unit 8 Assignment 1: Writing a Prospective Schedule 12 Unit 9 Assignment 1: Using Social Media for Job Searches 14 Unit 10 Assignment 1: Putting the Finishing Touches on Your ePortfolio 15 Laboratory Assignments 17 Unit 1 Lab 1: Personal Persistence Narrative 17 Unit 1 Lab 2: Grit Test 21 Unit 2 Lab 1: Optimism 24 Unit 2 Lab 2: Self-Control 25 Unit 3 Lab 1: Curiosity in Modern Times 27 Unit 3 Lab 2: Integrity Matters 28 Unit 4 Lab 1: Create a Research Summary Memorandum 29 Unit 5 Lab 1: Resolving Systemic Conflict: Scenario Analysis 31 Unit 6 Lab 1: Time Value of Money 32 Unit 6 Lab 2: Budget Exercise 33 Unit 7 Lab 1: Calculating House Cost 35 Unit 7 Lab 2: Delayed Gratification 37 Unit 8 Lab 1: Initiative Reflection 39 Unit 8 Lab 2: Time Management Reflection 40 Unit 9 Lab 1: Creating a Professional Profile 41 Unit 10 Lab 1: Creating a Personal and Professional Development Plan 43 Graded Assignments Unit 1 Assignment 1:...
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... ISSN 2278‐0629 CREDIT APPRAISAL PROCESS OF SBI: A CASE STUDY OF BRANCH OF SBI IN HISAR NANCY ARORA*; DR. ARTI GAUR**; MS. BABITA*** *Student, Department of Business Administration, CDLU, Sirsa. **Assistant Professor, Department of Business Administration, CDLU, Sirsa. **Teaching Associate, Department of Business Administration, CDLU, Sirsa. ABSTRACT Pinnacle Research Journals 10 http://www.pinnaclejournals.com Credit risk is a risk related to non repayment of the credit obtained by the customer of a bank. Thus it is necessary to appraise the credibility of the customer in order to mitigate the credit risk. Proper evaluation of the customer is performed this measures the financial condition and the ability of the customer to repay back the loan in future. Credit Appraisal is a process to ascertain the risks associated with the extension of the credit facility. It is generally carried by the financial institutions which are involved in providing financial funding to its customers. In this paper, we study the Credit Risk Assessment Model of SBI Bank and to check the commercial, financial & technical viability of the project proposed & its funding pattern. Also to observe the movements to reduce various risk parameters which are broadly categorized into financial risk, business risk, industrial risk and management risk. The scope of the paper is restricted to...
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...Extra Credit Details Bruneau Sand Dunes: Every CLEAR Friday and Saturday night (March to October) the Bruneau Observatory is open to the public. There is a small fee for attending. For details, go to their website: Bruneau. Also, if you plan to attend, DO NOT USE Mapquest or GPS! To get credit for this event please write a two-page paper about what you saw/learned/liked/disliked and relate it to something in class. This is potentially worth 20 points. Boise Astronomical Society also holds viewing parties in Kuna at various times. This would work too. Check their site for more details: http://www.boiseastro.org/calendar/star-calendar.php Discovery Center: Go to their website for their hours and prices. They also have occasional adult nights (must be over 21). To get credit for this activity please choose three of your favorite exhibits and write about them….how/why they work, what you like/dislike, what you learned, how it relates to class, etc. This is potentially worth 10 points. Boise Watershed Project: For info you can go to their website: Boise Environmental Education. They have drop-in wastewater tours for the public. They gear those tours toward the family audience. If you are interested in a more technical tour we need to form a group of at least 10 students. Let me know if you are interested. There is also a work sheet to print and take with you: Wastewater treatment. This is potentially worth 10 points. Take-Home Lab: There is a take-home lab...
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...ECO201 A02 December 4, 2013 Abstract: This paper measures the effects on the primary U.S. mortgage market. This paper will discuss the Federal Reserve purchasing $1.25 trillion of mortgage backed securities in 2009 and also in 2010. We use an event-study approach and measure the movements in both prices and quantities around the initial announcement of the LSAP and subsequent changes to the program. This paper will show that the LSAP program led to a substantial boost in market activity, with discontinuous increases in searches, applications, and originations for refinance mortgages but not for purchase mortgages. Finally, this paper will show that more creditworthy borrowers were significantly more likely to benefit from the improved credit availability. Introduction The Federal Open Market Committee (FOMC announced a plan for the Federal Reserve Bank of New York. On November 25, 2008, the FOMC announced that the Federal Reserve Bank of New York would purchase $500 billion dollars of mortgage-backed securities (MBS). This was issued by the two main government-sponsored entities (GSEs) for housing, Fannie Mae and Freddie Mac, as well as ones guaranteed by the government agency Ginnie Mae. The purpose of large-scale asset purchase (LSAP) program was to reduce the spread between mortgage interest rates and other interest rates of similar duration. This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses. This will support...
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...Evelyn Gramajo March 29, 2016 Financial Issue Paper Banks across the United States are making a bold marketing effort to encourage homeowners to take cash out of their homes, an unusual move not seen since the housing bust, according to Wall Street Journal. Some of the lenders that Wall Street Journal mentioned are pushing more toward HELOC lending are: J.P Morgan Chase and Co., PNC Financial Services Group Inc., and TD Bank. The three largest HELOC lenders that are mentioned are Bank of America Corp., Wells Fargo and Co., and J.P Morgan. This article intrigued me because I am currently looking to purchase a home, however my sights are on a small home for my child and I. Even though I am looking for something small, I believe it is important to comprehend the significant topics of the article. The key points related to the financial issue are Cash out Refinance, Home Equity Loan, Home Equity Line of Credit (HELOC), Credit Scores, and Interest Rates (Variable and Fixed). "As the broader mortgage market remains in the doldrums, banks are again touting home-equity lines of credit, which allow homeowners to draw down the equity in their home as they need the cash, as well as cash-out refinances, which involve taking cash out of a home while refinancing and ending up with a larger mortgage balance," (Andriotis, 2016). The reason TD Bank, and most likely other banks do this is because they know why people want to cash out of their homes. People cash out for various reasons, the...
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...CAPITAL STRUCTURE DECISIONS Research Project Presented to MPSTME,NMIMS In Partial Fulfilment of the Requirements of 5 Years Integrated MBA (Tech) Program By Kritika Goel 334 Year of Graduation: 2013 ACKNOWLEDGEMENT This is not a mere formality, but a means to express my sincere gratitude to all who helped me and played an essential role throughout my endeavour, so that I could complete this research project in time and achieve success. I acknowledge from the bottom of my heart those who were solicitous and benevolent enough to guide me throughout the period. First and foremost, I am deeply grateful to my college and my research project mentor Prof. Kedar Subramanian whose profound encouragement, cooperation, guidance and keen supervision at every stage of my research paper inspired me in pursuing and completing it successfully and within schedule. I also heartily thank the Head of the Department Prof. RC Agrawal and the Respected Dean for the continuous help and encouragement and the friendly atmosphere of education provided by them. Kritika Goel ABSTRACT The paper is divided into two major segments- Introduction and Review of Literature. Former, gives a foundation of capital structure decisions with its purpose, significance and methodology. Later, provide the development of the present research by examining the earlier literature or secondary data on the same. Capital Structure is a basically a structure or mixture of different types...
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...Volume–VI, Number–01, January-June, 2011 Risk Management Practices: A Critical Diagnosis of Some Selected Commercial Banks in Bangladesh MD. ZAHANGIR ALAM* MD. MASUKUJJAMAN** ABSTRACT The paper is about risk management practices of commercial banks in Bangladesh based on five commercial banks operating in Bangladesh. The number of respondents was 25, five from each bank. While collecting the requisite data, five points Likert Scale has been used. The objective of the study was to critically examine risk management practices of Bangladeshi banks i.e., types of risk facing a bank, procedure and techniques used to minimize the risk etc. The study also examines how far the banks follow the guidelines of Bangladesh Bank regarding risk management. The study reveals that credit risk, market risk and operational risk are the major risks to the bankers which are managed through three layers of management system. The Board of Directors performs the responsibility of the main risk oversight, the Executive Committee monitors risk and the Audit Committee oversees all the activities of banking operations. In the context of opinions regarding use of risk management techniques, it is found that internal rating system and risk adjusted rate of return on capital are relatively more important techniques used by banks. Key Words: Risk, Risk Management, Risk Management Techniques, Banking. 1. INTRODUCTION In the past two decades, the banking industry has evolved from...
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...Predicting Financial Stress 2014MAY – FSA712 Final Project Abstract This research paper will discuss methods used for measuring and predicting financial stress for business enterprises. The accounting literature includes several financial stress prediction models, the most common of which are the Altman Z-Score and Ohlson O-Score. The role of the above models is to focus on the use of financial ratios, earnings measures, market values and cash flow. Models that predict the financial stress of companies can be used as early warning tools meant to direct a company’s management to take necessary corrective action before the company goes into financial difficulty and eventual bankruptcy proceedings. This paper specifically will discuss and analyze the three main financial stress prediction models, the Altman Z-Score, Ohlson’s O-Score and Merton’s Distance to Default. The two selected companies that will be analyzed are Home Depot and Lowes’ Company. The Home Depot, Inc. operates as a home improvement retailer. The Home Depot stores sell various building materials, home improvement products, and lawn and garden products as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers. The company offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds, as well as act...
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...PERFORMANCE MANAGEMENT 1 Objective Objective of this policy is to set a process for managing the performance of the employees so as to achieve the ultimate objective of the organization. By adopting this policy we aim to attain the following objectives: 1 To help employees setting their priorities (objectives) right at the beginning of the year; 2 To align the individual/employees objectives with departmental objectives and the departmental objectives with the organizational objectives; 3 To enable/facilitate evidence based decision making in: a. Determination of compensation packages, wage structure, Salaries adjustment/raises, etc.; b. Employees retention, succession planning, Training &development 4 To identify the strengths and weaknesses of employees to place right men on the right job; 5 To maintain and assess the potential present in a person for further growth and development; 6 To provide a feedback to employees regarding their performance and related status; 7 To improve the working habits of the employees. 2 Scope This policy is applicable to all regular employees of the Organization. 3 Accountabilities 4.1 The Vice Chancellor (VC)/Executive Director (ED) – Based on the five years plan shall ascertain the key result areas for the year. 4.2 Deans shall ascertain their individual faculty’s contribution to achieve the key result areas set by the VC/ED and shall be responsible for the development...
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...November 05, 2013 Dr. Juan Gomez Superintendent YISD 123 Fake Street El Paso TX, 79936 Dear Dr. Gomez: Financial Literacy of El Paso (FLEP) is pleased to present this proposal for services to support the City of El Paso in achieving its goals for improving the financial literacy from youth to senior citizens by providing advocacy, research, standards and educational resources. The objective of the proposed personal high school finance class is to help high school students develop the ability to use knowledge and skills to manage financial resources effectively throughout their lifetime. In the past, high school students have been required to take an economics class which helped them get a basic understanding of the world of economics in today's world. We are now seeking to have a finance class which will not only help students get a basic understanding of finance but help students use the skills they develop to help them manage their personal finances responsibly. FLEP has partnered up with GECU, a local financial institution, to make this class possible. The class will teach students the basics of finance as well as teach students how to spend, invest, and save money effectively. The class will include setting up savings and checking accounts with GECU for the students and provide them with special support with their accounts. Our proposal requests that the FLEP personal high school finance class be a required course in the high school diploma curriculum...
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