There used to be a mere few options available to get financing for major ventures. The choices were traditional borrowing from a financial institution or from family and friends. Today, there are unlimited ways to get financing for any purpose. Creative financing has opened the doors for consumers who want or need an innovative way to get money to fulfill their dreams.
Gone are the days when just carrying a credit card was enough to satisfy consumers. Customer appreciation incentives have advanced far past giving out toasters and calendars. There’s now a “what have you done for me lately” mentality among people who pack plastic in their wallets to buy goods and services. Credit card companies are in constant competition to reel in customers, which translates into greater profits with each new card issued.
In this third installment of our Identity Theft Series will provide practical prevention suggestions and outline what is being done to combat this illegal activity.
In Part 1 of the Smarter.Loans Identity Theft Series, the ways in which people are robbed of their identity, signs of identity theft, and actions that victims can take were explored. In this second installment, the financial crime of child identity theft will be covered. As with adults, thieves steal identity from children to get credit like auto loans, mortgages and charge cards in the child’s name, among other reasons. They have no intention to repay, which ruins a child’s credit before it even gets started.
This is the first in the Smarter.Loans series of articles on the topic of a real 21st century threat to credit and finances; namely, identity theft. Night and day, news reports worldwide broadcast the devastating consequences of this crime such as bad credit, lost time and money, stress and much more.
Rather than considering the credit rating of the borrower, Lending Mate provides guarantor loans, which only requires the borrower to have a qualified friend or relative vouch for their ability to pay it back.
Misfortunes such as sudden job loss, poor health, and the death or illness of a spouse do happen, oftentimes quite suddenly. At times like these, monthly bills continue to come in the mail; food and other necessities won’t wait either. When these problems arise, even someone with good credit for many years can find their finances in shambles. These types of scenarios present the need for a loan without a credit check.
Ferratum’s Finnish formula for success in Canada: winning business mantra, pioneering technology, and the Jorma Principle
Ferratum made its first footprint in Canada in 2015. In three short years, they have served more than 20,000 Canadian clients in Ontario, Alberta, and British Columbia — and they’re showing no signs of slowing down.
A credit card is an unsecured revolving line of credit in the form of a plastic card that is used to purchase goods, services, and to draw cash advances. Credit card statements are sent every month; the cardholder must make a minimum payment by the due date. Although these facts seem simple enough, how credit cards work includes other issues that can make them an expensive and complicated form of credit if not used properly.
Buying a home is a major expense; for most consumers it is the largest financial investment they will make in a lifetime. People that paid for their homes with cash make up the minority of homeowners. Simply put, having ready money to purchase a home is an ideal situation but is out of reach for most people. The path to owning a home more commonly involves qualifying for a mortgage.