What’s at stake: Lending Club has captured the attention this week as it became listed on Thursday on the NY Stock Exchange and its share spiked nearly 70% in trading debut. While the growth of marketplace lenders has been exponential over the past few years, questions remain as to whether P2P lenders will manage to move beyond the niche of middle-class credit card borrowers and will be able shoulder the next recession.
But while risky, secured loans are not without its advantages. In fact, secured loans are often the more recommended option because of its lower interest rates and more flexible terms. With a secured loan, you can borrow a larger amount of money because there’s security involved as part of the credit agreement. Repayment terms are also longer, sometimes up to 25 years depending on the type of secured loan you applied for.
But, don’t assume that this means any site you create will also be compliant to AA standards. A site is only a collection of pages, and compliance is on the page level. Sadly, with SharePoint WCM and page editing it is possible to insert non-complaint and down right ugly code in to your SharePoint sites. I was just on a 2010 site and looking at the HTML I was happy to see that the tap and quick navigation were all managed by div tags. I also so a div tag for the main body, but inside this main div tag the developers had dropped a mass of HTML which included tables inside of tables inside of tables. The page as a whole was not proper XHTML and not WCAG 2.0 AA or even A compliant.
BUT. To the point that we got started with, I think the government should do something, as described above, and investing in infrastructure is probably a good way to go about it. If your counter is that the government should stop totally and let the free market do its work (which they did in Atlas Shrugged,” as noted above), I’d say yeah, great, that would be a good way to start from scratch, but probably not so realistic as a way out of the current boondoggle.
By 1977, the ‘Connell Company had been ordered by a state regulatory agency to make substantial improvements in its wastewater treatment facilities or to cease and desist operations. Confronted with the formidable competition presented by the new Co-op dehydration plant, fn. 4 Dan ‘Connell decided to construct his own new dehydrating facility. Following ‘Connell’s positive discussion with George M. Jewell, the latter then discussed the idea with Bill Sullivan, who was equally enthusiastic about the proposed project. In view of the Bank’s unwillingness to grant any further loans to the ‘Connell Company, George M. Jewell undertook responsibility to obtain the necessary financing.
By a wide margin, Atlanta’s population remains concentrated in its centrally located counties (Fulton, DeKalb, Cobb, and Gwinnett). The most rapid growth, in contrast, generally has occurred in outlying areas (see Map 6 ) such as Paulding, Forsyth, and Henry Counties, where population levels have surged by more than 50 percent during the 1990s. Faster growth in less-developed counties often has overtaxed public infrastructure, such as transportation routes and water resources.
By contrast, if the market rate of interest at the time the bonds are issued is less than 4 percent, the corporation will issue the bonds at a higher price; for example: the bonds might sell for $10,800,000. (Again, this is not a random number; it is computed using calculations that provide the bondholders with a lower interest rate that the market is willing to accept at the time.) This lower effective interest rate of return is achieved because the company will repay only $10,000,000 at maturity, reducing its overall effective interest cost.
By contrast, interim dividends can be paid at any time throughout the year and are calculated before the company’s annual earnings are determined. Typically they are decided solely by the board, without shareholder approval, and can be paid if the directors are satisfied that this is justified having regard to company’s profits and future financial requirements and are distributed either quarterly or after the first six months of the company’s financial year. An interim dividend is due only when it is actually paid by the company, whereas a final dividend is due when it is approved by the general meeting and it then becomes a debt immediately due from the company.
By contrast, unsecured loans aren’t backed up by any asset That means there’s a higher risk for the lender — as they have no guarantee of getting their money back — so you’ll generally pay more interest with unsecured loans. They also tend to be for smaller amounts, and take place over a shorter period of time. For these reasons, most alternative business finance is secured against something, whether it’s an asset, an invoice, or a personal guarantee.
By giving birth to a wide variety of different financial institutions, the Internet has leveled the playing field for consumers to find what works best in our given situations. This is not to say that in every instance an online institution is always going to be the top option available, as there are a lot of crappy options to wade through to find something decent. That fact must be kept in mind when looking for personal loans.
By law, a bankruptcy court may not discharge student loans. Although these debts are unsecured, you must repay them either through liquidation of your assets in a Chapter 7 bankruptcy, or through a repayment plan in Chapter 13. This applies whether you contracted the loans through a public agency, such as the Department of Education, or through a private lender, such as a bank or credit union. Any remaining balances on non-dischargeable debts after the bankruptcy closes remain valid. The creditor can pursue you through lawsuits, court judgments, liens, levies, and garnishments. You can only avoid repayment by claiming, while the bankruptcy case remains open, that the debt would cause an undue hardship – a very difficult claim to prove and one that bankruptcy courts decide on a case-by-case basis.