What is Credit Lending Risk?

Financial institutions such as banks, credit unions, and personal loan lenders will always assess the amount of risk that an individual possesses before they will extend them credit. Risk is the likelihood that a business or consumer will default on a loan. Sometimes risk analysis is done on the merits, knowledge and experience of a loan officer. He compiles all of the pertinent information about a borrower such as his income, credit history, income, and his stability. A lending officer will gather all of the information and then if he has further questions he will in most cases contact the… Read more

How to Teach Your Kids Loans and Personal Finance Skills

When kids become teenagers they are more and more acutely aware of family finances and how money is spent. When the needs of your kids become more expensive it may be time to teach them about how personal finances and especially things like credit cards, elc loans with same day deposit, and mortgages work in a modern society. Some schools offer business classes only as an elective and aren’t required so financial lessons may have to be learned at home. Since each family’s situation is different perhaps personal finance should be taught at home anyway. Here are some relevant tips… Read more

7 Best Financial Advice for Women

As a finance professional, I believe that the best money management advice for women today is to take control of your financial future. If you are a woman, your life expectancy is longer than that of a man. Therefore, even if you have a long and happy marriage and a supportive husband, there is a reasonably good chance that, at some point, you will be on your own. Throw in the possibility of divorce or the choice to remain single, and the odds are even better that you will become responsible for your own financial security. Given this possibility, I… Read more