Accounting scandals involve misdeeds by trusted executives who are responsible for large sums of money. They come up with devious ways to misuse or misdirect funds, understate expenses and liabilities, overstate revenues, and the value of the assets. In no particular order, here are four of the greatest accounting scandals of all time. Bernard L....
If I may ask you, what is an IVA? The best answer for it would be, an IVA or individual voluntary arrangement is extensively used for resolving personal debt problems. It is a repayment plan (fixed term) that is designed especially to help someone who is facing a crucial debt problem. This repayment plan gives...
People borrow money for every reason. Whenever they need money, they look towards banks, friends, or financial institutions to help them. However, the reason for the loan is not always justified. People take loans for all sorts of crazy reasons – a party, an outing, and other unnecessary expenses. These reasons might be unjustified; however,...
A payday loan is something that everyone longs for, to get rid of the overdosage of the financial crisis. Let’s have an authentic discussion over the U.K market, how the citizens over there get rid of it and which sorts of companies are capable to help us out. Payday loans were an American phenomenon and...
If you are curious to know if it is possible to have two car loans at the same time, the answer depends on your credit rating. But if your credit rating is strongly positive, then you may even apply for more than two car loans at the same time. Australian lenders are required by government...
With the increase in the number of people seeking out payday loans, a concern has been voiced in the marketing aspect of such loans and the people who are targeted for payday loans. Nick at paydayloans.co.uk states that there has been an increase in the number of applicants and visitors to the website, and he...
If you are like 70% of all Britons, at some point in your life you will hear this term, debt management. You also may hear terms such as IVA, DMP, and bankruptcy. But what are debt management, debt management plans, and things such as IVA, DMP???? Jon at debt management company said that he has...
A friend of mine had recently mentioned to me the confusion between what is a debt consolidation loan and what is debt management. This didn’t really surprise me as many consumers, borrowers, debtors, etc, can be confused by the various loan products and banking/financial terms used today. Basically, unless you are in the banking industry...
It is very necessary for you to have proper personal finance habits in order to stay out of debt. The major problem with most Americans is that they fail to live within their means. What you should understand is that saving is an integral part of your life and you should spend less than what...
Before comparing loans at MoneySupermarket.com, borrowers are advised to consider their financial circumstances very carefully. Unfortunately, many people have fallen into debt – a problem that is rapidly being made worse by the challenging economic conditions. If borrowers fail to keep up with loan repayments, some might find bailiffs knocking at their door. A reality...