Posts Tagged‘borrowing’

Why Cosigning a Loan Is a Bad Idea

Would you buy a house in which you couldn’t live? Would you buy a car you couldn’t drive? Would you purchase a boat you’ll likely never set foot upon? Well, this is exactly what you do when you agree to cosign a loan. Essentially, you assume all of the risk, but experience none of the reward, and this is just one of the reasons why cosigning a loan is a bad idea. There’s a Reason They Need a Cosigner Odds are anyone asking you to cosign a loan has either bad credit, or no credit. Either way it doesn’t bode…

What Should You Look for When Choosing Lending Companies?

Businesses are generally in the business of making money. Whether for profit or not, the objective is to generate sufficient revenues to keep the proverbial wheels turning from day to day. Companies rely on a multitude of resources to manage operations, not least of which is capital. Human capital refers to the ‘entrepreneurial flair’, ‘ingenuity’, and ‘expertise’ that drives operations from day to day. And the other form of capital – the financial component is what facilitates operations to allow a business to run smoothly. Cash is needed to make a business functional. It pays the salaries and wages, replenishes…