What to do before applying for a personal loan

Loss Reserves That portion of a fund's earnings or permanent capital designated by the board of directors as a reserve against possible loan losses and, as such, unavailable for lending purposes. Generally accepted accounting principles governing for-profit and regulated financial institutions require that loan loss expense be deducted as an annual expense on an accrual basis and that the loan loss reserve be shown as a contra asset reducing loan assets. To date, no accounting convention has been established to govern loan loss reserve accounting for unregulated nonprofit institutions.

The technical treatment is to establish the reserve through periodic charges against earnings, and actual losses, when and if incurred, and are charged against the reserve. For balance sheet purposes a loan loss reserve (should) be shown as a deduction from the loan portfolio to suggest that its true economic value should be reduced by the estimated loss exposure.

Market Rate The rate of interest a company must pay to borrow funds currently.

What to do before applying for a personal loan

Com nor Williams were named in the lawsuit. The loans are made under several brand names, including OneClickCash, UnitedCashLoans, USFastCash, Ameriloan and 500FastCash. This is not the first case the FTC has brought against tribal payday lenders.

The consumer-protection agency has also filed lawsuits against Payday Financial LLC of South Dakota for trying to garnish wages of its borrowers and threatening to sue them in the Cheyenne River Sioux tribal court.

The FTC says the company has no authority to garnish wages or to file cases against nontribal members in a tribal court. Online payday lenders are the fasting growing segment of the industry, accounting for more than 10 billion a year in loans.

What to do before applying for a personal loan

Revenue growth can be a key differentiator in high- growth industries such as software, for example, but a secondary factor in, say, pharmaceuticals, where the research-and-development spend relative to revenue is a better indicator of long-term prospects. On the other hand, BCG argues that a number of broad trends are today affecting valuation multiples across many industries. Most strikingly, it says concerns that companies will what to do before applying for a personal loan deploy accumulated cash have made investors sensitive to any signs of either fade in a companys current profitability or increased risk relating to its growth strategy.

To invest for long-term growth without alienating investors, BCG says companies should reexamine how their investments align with investor expectations. Growth companies might weed out businesses that operate with a value proposition; value companies might temper risky growth plans and pay more attention to increasing the dividend. At the same time, BCG urges companies to look for new opportunities for growth, whether through innovation or by leveraging what it calls megatrends, such as the rise of China as a major industrial power or the increasing scarcity of energy resources.

MEMC Electronic Materials Inc.a 1. 5 billion maker of silicon wafers that shared the top spot ocbc bank malaysia personal loan BCGs ranking with an annualized TSR of 62 percent, has done that by beginning to sell its wafers not just to the computer industry but also to the solar-energy industry, where they are used in solar panels.

What to do before applying for a personal loan