Does Social Media Help In Getting An Auto Loan?

We live in a world dominated by technology and social media. Whether they are your shared posts, status or your connections, social media platforms play a key role in carving your virtual personality. A well-known fact is that technology is an inevitable yet an integral part of our lives. When it comes to financing your car, social media is building its way and becoming a relevant medium of profiling. For instance, John walked into a dealership to purchase and obtain financing for a car. The quickest and easiest way to search for a tentative background of John would be to get a grasp of his personality on the basis of his behavior on Facebook and Twitter account, respectively. Currently, a small percentage of lenders use social media for judging an individual’s creditworthiness. However, the developing presence of social media is gaining mind share of the lenders.

Can Social Media help in ascertaining the Creditworthiness of an individual?

1) Facebook can build your Credit Circle

The very essence of Facebook lies in networking. A creditworthy profile does not require millions of posts or many friends. However, if you have a genuine profile and do not pose any abnormal social behavior, your profile is likely to get approved for an auto loan. Additionally, the presence of certain contacts in your friend list with a clean history and a strong credit score further add to your creditworthiness. Lenders can look for mutual contacts that have been previous customers. The payment history of the mutual contact can then be used as a basis to judge your creditworthiness. In order to get the most out of your circle, seek a person with a good credit score and make him a cosigner and your auto loan process will become smooth.

2) With LinkedIn, lenders can check your Employment Stability

A stable employment speaks volumes about your personality and trustworthiness. LinkedIn can serve as the best source of obtaining information regarding your job history, duration, professional position and interests. The documentation of an auto loan requires you to display evidence of a source of income through pay stubs. However, there is less proof one can gather regarding the stability of employment. Social media can become a tool to ascertain not only if there is job-hopping, but also the financial strength of the individual. A person with a 500+ connections, long duration of employment history and a considerable profile activity can become a favorable applicant in the eyes of the lender.

Buying a Car: Making the Most of your Social Media Profile

Social media has made its way into the minds of auto buyers as well as lenders. As primary sources of guides, nothing comes above your credit score, current income status and payment history. However, virtual platforms such as Facebook and LinkedIn are starting to occupy mind share in terms of creditworthiness. Once the primary sources of information seem insufficient, lenders may turn to social media to get an idea of your personality. A few helpful ways to make sure your social media positively adds to your credit score is to be careful with your online posts, invite only genuine friends into your virtual circle and to always keep your professional profiles updated.

Lead You To The Authentic Zone Of Money Transfer

If you have an international business and you have to move to many countries for the purpose it is the urgent requirement to find a reliable and efficient money transfer service. Business with any other country will require a resourceful money transfer. This transfer should be fast efficient and safe. Your trade shouldn’t be forced by the variation in exchange rates either. For all these reasons, it is prudent to take the assistance of International money transfer Services available. It will be better to find the reputed and quality one on the internet. It is an internet era and you get different types of information on the internet.
Process Involved
This service helps you find a provider that you are comfortable with. After you decide on the money exchange provider you will need to complete some forms. Once you have established contact, you will be informed about the rules, terms and conditions involved with a deal. Finally, you will be asked to complete some forms to set up your account. You can fix a standard rate for your exchange as well. The whole process is hassle free and once you learn how to go about it, the upcoming transactions will be smooth, effortless and quick.
Exchange Rates
When you wish the inexpensive currency transfer to be done, you should be careful about the rate you choose. With large amount of money a little change can make a big variation for your commerce. When you transfer your money to a bank, they will transfer it at a great exchange rate that you are happy with on the day you have mentioned. Exchange rates promised may differ between agencies that are why you should be careful while choosing one.
Staying in the circle
Most good free currency transfer companies will make sure you are kept in the circle about where your money is. When the transaction is being made, you will be sent a verification message and sometimes even a message. You will be consulted before and after the deal, which assures that nothing can go wrong with the deal. This feature gives you more control over your money.
Expediency and safety
Foreign Exchange is a very expedient way of sending money across countries. When you choose a reliable company, along with good customer service, you will also safer transferring your money. This service is as useful for the common man as it is for businesses. Having an overseas exchange agent working for you is an immense way of saving money. In some websites, you get to check the exchanging rates promised before you sign in to transfer money. This makes it easy for you to select the best in the record.
Currency Exchange near me, this thought is quite wise and intelligent as there is lower risk for the safety of your cash. If you are in Adelaide, you can find a good currency exchange company that has a strong team for a powerful deal of money transaction. A reputed and trustworthy company always offers the better rates and a higher security.

Skills To Take You Ahead In Your Finance Job

Before you start searching for a job in finance, you need to possess the right kind of skill set to take you a long way. These are the skills that most employers expect in any candidate showing up in an interview for a finance job. So, better prepare yourself in advance and ensure to have all of these to nail it in your first job interview itself. It wouldn’t be difficult at all if you hail from a finance background. You just need to know the employers’ expectations so as to live up to each one of them. So, here is a list of such skills that would surely add-on to your abilities before you show up for the interview.

Key Skills for a Finance Professionals:

A finance professional has to be good with numbers. Accounting, taxation, auditing, preparing financial statements are the primitive things that you are expected to do, while you take on a job in finance. Besides, some other skills required to qualify for such a profile includes Tally, analysis of investment banking, mergers & acquisition, Equity & Debt Research, deal structuring, SAP, MIS, and Budgets.

Besides, a person in finance is expected to be efficient with other things like fund planning, internal audit, statutory audit, costing, financial modelling, and project evaluation as well.

Non-financial Skills:

On your way ahead in the finance sector, the above detailed skills will surely help you, but some other non-financial skills too need to be considered. While you are serving as a finance professional in a company, you will have to work in coordination with the people in other departments and clients. In such a situation, you need to confident enough to make the other person understand your point of view. For this, you need good communication skills so as to be clear to the people you deal with.

Management Skills

Management is one of the responsibilities that comes to every professional after a relevant experience and this implies in finance sector too. After a certain point of time, management becomes a part of your job, and especially in this profile, a person has to deal with different departments and clients. Thus, management skills have to be on your check list while you evaluate yourself to be eligible for an opportunity.

Problem Solving

Problems will be there on your path every now and then, irrespective of the nature of work. So, you should always be able to handle those obstacles falling on your path.

Tech Savvy

Technology is now a skill that every professional should be accustomed to. In finance industry too, you are expected to be familiar with the most commonly used software and applications. So, you better be ready for it before you aim to get into the industry.

Top 5 Benefits Annuities Can Bring Except The Lifetime Income

Earning a consistent income in their retirement life is a major concern for the seniors approaching their retirement and many of them invest in different annuity insurance plans. These annuities help the insured to receive a guaranteed income for life protects from the fear of outliving their savings. Also, if a senior couple hasn’t saved enough or doesn’t have someone to support after their retirement, these policies help greatly to take care of their daily expenses and maintain a better lifestyle. However, the majority of seniors isn’t aware of all the benefits an annuity can bring. Most of them buy an annuity solely to receive a guaranteed income in their retirement life but the annuities have a lot to offer. Here, we are going to explain five more benefits of a retirement annuity plan that you might not be knowing.

Benefit to your loved ones

At times, seniors pay a long series of premiums to earn them back during their retirement but die at an early age without receiving the complete benefits. Many seniors die soon after their retirement and insurance providers keep their share of investment with themselves. But, the new additional feature allows transferring the benefits to the beneficiaries, if the insured dies early. Along with the immediate annuity plan, you can choose a guaranteed period of 10-20 years that are calculated since the time you start receiving the payments. If you opt for a 20-year guaranteed period with the annuities, your insurer will provide a series of payments for exact 20 years. You can name your spouse or kids as the beneficiary and they will receive the benefits for rest of the period, in case you die early.

Tax deferral on earnings

Most of the investments are applicable for state and federal taxes, but the investments such as interests, annuities, dividends and capital gains earn a tax-deferred status. These investments are tax-free until you withdraw the accumulated amount. The tax-deferral is similar to 401(k)s and IRAs, but there isn’t any limit on the amount and you can put any amount into the annuities that you assume enough to spend your retirement comfortably. Moreover, the minimum withdrawal criteria have more flexibility than that of to 401(k)s and IRAs.

Tax-free investment transfers

Market performs differently at a different time and an investment performing strong today may perform poorly after a certain period. Hence, investors keep transferring their investment amount form one to another fund and there are financial advisors to help with the same. Usually, these investment transfers or rebalancing are applicable for taxes but the annuity retirement plan has no such tax consequences. That means, you can rebalance your investments as per your financial advisor’s suggestion and you won’t have to pay any taxes on that.

Protection from lenders

People take different types of loans to match a better lifestyle and pay the due amount in installments. At times, people reach a stage where they only have the money enough to take care of their fundamental requirements and aren’t able to pay the loan installments. In such cases, if the lender files a lawsuit, they may lose the return on the investments made. Annuities insurance policies also help protect your investment return even if you can’t make the installments. Usually, the premiums you have made to your insurance provider, belongs to them and there are laws that restrict that money to be accessed by the lenders.

Variety of investment options

Insurers help the investors with a range of annuity options at retirement including the fixed and variable one. The first one credits a certain rate of interest on the amount you deposit while with the later, your money is invested in the stock or bonds like mutual funds and provide a return based on the market performance. Also, various insurance providers have introduced different types of floors that set a limit by which your investment value may not fall further. That means, if you have invested in a variable annuity, you return won’t fall below a certain value, despite the fluctuations in the market.

Judge Some Facts Before Exchanging The Money

When you will go traveling, then you have to take the things, which you will need in that place. It is necessary because you will not get the facilities of your home there and you have to be prepared for every situation. But when the matter comes to the visiting of a foreign country, then apart from our excitement we have to think about the thing first is the money. As all of us know that there is variety in the currency of different place. So, we must take the proper currency of that place as we cannot do anything without it. There are some methods, by which you can exchange the money, like the banks, the ATMs or from some brokers.
The banks are the most reliable medium for exchanging the money. You can be assured by the fact that you will get the service authentically. They will systematically exchange the currency and you don’t have to think about it. You can also convert it from the banks of that place also. You will get the same reliable service. But as you are going to a public sector, then it will take some time and you have to wait for it. So, if you don’t have the time to wait there, then you will face difficulty by exchanging through the banks. The banks also charge high rates for converting the money, then it can be expensive for you.
You can take the money from the ATMs also. It is the most convenient medium for getting your cash, as you yourself will draw the money and you don’t have to depend on someone for this. So, you can take the money whenever you needed and it is the fastest service. But there I also the problem, as the ATMs charge a very high price for drawing the money. It will become more expensive for you as you have to pay more than the normal transaction. If you think that you will get the money at a time, then also it will not be safe for you to carry so much money to an unknown place. But with every transaction, you have to pay the charge.
When you will try to go some brokers for Cash Exchange, then it becomes easy for you as you can get the money by sitting at your home. You can do it by online and the agent will come to your home and will take the money from you and will also return it within the given time. It can be a suitable option for you as you don’t have to do anything for the exchanging the cash. But there also can be a problem as the matter is about your money, then you have to be a little careful and have to know about the broker and the agent, who will be the medium of transaction. If they are not reliable enough, then your money will not be safe enough. There is also the matter of the false currency as it has happened in the services like Australian Currency Exchange. So, be careful about every facet of exchanging your money so that you don’t have to waste your money in the wrong place.

Sip Calculator Magnetizing The Investors Towards Online Investing

Online investing option has reached to a higher level with the introduction of SIP calculator. Making the calculation of SIP amount easy, the tool is handy to use as well. Let us understand the concept of SIP calculator with a story. There were two friends Yash and Rohan. Both had passed out college and were placed in MNCs. With the commencement of their career, they took a resolution of initiating their investment also. Yash was very trendy, and new technologies magnetized him. On the contrary, Rohan was simple and was not much of a techie. As both of them decided to invest, Yash did all the research online and also prompted Rohan to take up the online investment method. But, as for Rohan, it was not his area of expertise. So, Rohan relied on the mutual fund agent, and Yash went for online investing. When it came to deciding the amount to invest as SIP monthly both were confused. Yash took the help of an SIP calculator, and Rohan trusted the agent. But, the outcome was that Yash got the exact amount required for investment and the agent failed to calculate the precise amount and thus took an approx figure. Thus, for the same scheme Yash paid the correct amount that was required and Rohan had to pay a little more due to the inaccuracy of calculations.

The story signifies the importance of SIP calculator in the investing process, because the amount of SIP decides the corpus (the main aim of investing). Especially in the online investing the role of an SIP calculator is of vital importance. The investor advances towards being free in order to make the optimal use of their money. SIP calculator acts as a catalyst in aggravating the process investment through proper channel.

Features of an SIP calculator:-

There are a lot of features which motivates an online investor to use SIP calculator. A few amongst them are stated below:

Easy to use:

SIP calculator is an easy tool to operate on. The user-friendly approach is the striking feature of the tool. Providing an environment of smooth functioning and quick calculations, an SIP calculator in India is making online investments attain new heights with each passing day. The main reason of the increasing inclination towards online investment is the handy tool (SIP calculator), which ease out the complex calculations manifolds.

Using CAGR:

SIP calculator uses the formula of CAGR (Compound Annual Growth Rate) to calculate the returns. CAGR is the most widely accepted concept for the growth calculation of investment over a period extending one year. The calculation of CAGR is very complex and not beyond the grasping power of non-financial people. It is a mind wrecking concept and takes time to understand. But you need not worry. The CAGR calculation is simplified with the help of SIP return calculator. Paving the way for quick and easy calculations, SIP return calculator has become a defining point of online investment.

Targeting accuracy:

The goal of an SIP calculator is to provide results that are 100% accurate. But, it works on the inputs that are fed to it. Any mistake in the input data leads to an erroneous result. Otherwise, the result shows the exact and accurate outcome without the mistake of a decimal place. A perfection of that level is surely a strong feature of SIP return calculator.

Trade Show Booth Financing

Trade show booths offer a platform to interact with potential buyers. It can be interacted with audio, video or computer enhanced demonstrations. There are various types of booths like pop up, portable and used booths, and so on. Nearly all types of booths offer professional presentation and high impact for prospective buyers. However they can be expensive, so booth financing is often essential.

The best show booth is most often given an award, so business people need to take care to make theirs best. Most of the traditional lenders would not be ready to grant financing trade show booths. But there are some genuine financing companies that offer trade show financing so that the business people canset up their booths in appealing ways.

Booths for shows often require excellent lighting systems so that you can display your products in an inspiring way. There are various lighting systems available for lighting booths, too, like flood light, spot light, deluxe lighting kit, halogen lights and so on. Lighting fixtures are also available to draw attention of prospective buyers. Also well lit booths can be really attractive and yield great revenues. However the lighting systems can be expensive, so trade show booth financing is often desirable to acquire them.

Booth flooring is yet another thing to be considered. The flooring needs to be clean and attractive. Since flooring is the first thing that can attract people, spending more for good flooring is essential. Though essential, it can be expensive and many companies look for financing here, too.

Bottom line:

Booths need to attract people and thereby make money in the finalc scheme of things. Hence spending on them is not an expense but an investment. However, the cost of setting an excellent trade show display can be a costly process.

Though traditional lending institutions would not be ready to grant help for acquiring essential accessories for presentation needs, there are some genuine financing companies that can understand the need better than others. They have vast experience in general equipment financing, and can yield financial assistance to those who want to arrange for aid.

Since these financing companies offer financing at low interest rates, you can apply for the desired amount. There are no cumbersome procedures required to get financial assistance. A simple application is enough to get fast approval. Some companies even accept online application. Therefore you can get the amount you require to arrange for trade show booth even without stepping out of home.

The financing companies offer great rates. Hence you need not compromise any of the accessories you require to make your event attractive. You can then repay the amount in low monthly payments. The fast approval helps you get the amount any time you want. Thanks to such financing companies any company can make arrangements for displaying their products in a trade show booth. They can also use any innovative ideas to make it appealing.

How To Save Money On Your Two Wheeler Insurance

Tips to save money on two wheeler insurance

Many people in India own two wheelers. It is compulsory for you to buy a two-wheeler insurance policy if you own a bike or a scooter. But can you reduce the insurance expenses? Sure you can! Just follow these tips and you will see a difference.

Avoid making smaller claims: Before you make a claim, see how much the bill amount is. If it is a small amount, pay it yourself. Making numerous small claims will unnecessarily bring down your NCB to zero which will overall lead to a loss.

Attach anti-theft devices: A car insurance plan offers protection against theft and other dangers to the car. So if the car is found to be safe and less susceptible to thefts and break-ins, the insurer will offer a discount on the premium. Therefore look to install some anti-theft devices to the car to not only keep it safe but also to reduce your insurance costs.

Be a good driver and earn No-claim bonus: Driving carefully will reduce the chances of your car getting into mishaps. This will reduce the need to make claims and you will earn NCB. The NCB will in-turn pull down your insurance premium costs.

Renew two-wheeler insurance before expiry: Do not wait for the two wheeler insurance policy to expire before you renew it. If you have a lapsed policy, you may need to pay some fees and fines to get a new plan. So always try to renew the policy on time to save money.

Buy online: It is known fact that insurance bought online is cheaper. So buy a two wheeler insurance plan online and save a considerable amount of money.

Choose the right kind of cover: If you have a two wheeler that you use occasionally or is almost on its way out, opt for a third party cover. If however your bike is used daily and is a valuable vehicle, go for a comprehensive plan. Knowing which cover you need will help you save money.

Deductibles: Every two wheeler insurance plan has a deductible component. This means that as the policyholder, you will have to pay certain amount at the time of a claim and the insurance provider will pay the rest. A high deductible will lower your premium costs and vice versa. If you are confident of your driving skills and feel you won’t need too many claims, opt for a higher deductible. This will help you save money on your two wheeler insurance plan.

Compare: Last but not the least, you most definitely need to compare the available car insurance plans to get the best deal at the best rate. This is one of the easiest and quickest ways to save money on your bike insurance plan. Compare when you buy a new plan or renew an existing one.

Top 6 Advantages Of Student Loans

It is just a common myth that only the federal loans provided by the UK government are cheaper and easier to repay than the student finance options provided by the private direct lenders. However, if you see the APR and repayment modes, then you come to know that private student loans are the clear winner! Let’s have a quick look at the top 6 advantages of education funds offered by the direct lending companies:

Borrow Short-Term and Long-Term Funds

Whether you are looking for a big amount to complete the higher education course, or need short-term funds, to give just hostel and tuition fees; both options are easily available and you can access the required funds in less than 24 hours without facing any hurdles. You can ask the lender to transfer funds directly to your bank account or deliver to your doorstep.

No Documentation to Waste your Time

The time of a student is very precious and instead of taking stress about the cash, he should focus on studies. Direct lending companies know the importance of young generation in the development of the UK and hence they offer paper free student loans plans. You are not required to submit your last class mark sheet or the address proof.

Apply Online in Just 2 Minutes

You don’t have to bunk classes or take leaves from the college, just open your laptop or smartphone and apply for the student finance loans on any reliable direct lending website. You would need just 2 minutes to complete the online application procedure. No hard copies or soft copies are required.

Avail Funds with No Guarantor

Students don’t have a big network to arrange a guarantor. They are dedicated towards their studies and interact less with people. Arranging a guarantor is an embarrassing task for them as people are not ready to co-sign their application. They can easily access student education loans with no guarantor and no broker by applying to a reliable direct lender.

No Hurdle of Bad Credit History

Some students have bad credit issues due to pending credit card bills or some other reasons. Banks and conventional lending companies don’t entertain their funding requests. However, they can easily secure the cash by applying student loans to a bad-credit friendly lender. There are no hidden charges. You can compare various deals and grab the best one with the lowest APR.

Easy and Flexible Repayment Modes

Everybody knows that a student can’t repay funds during his education time. He doesn’t have a steady source of income. Direct lenders offer various student repayment plans that can be chosen as per comfort. You can either start repaying in installments from the next month or repay the total debt in instalments after completing your education.

What Recruiters in Finance Want to Hear in Response to Their Interview Questions

When you have your first interviews for positions in finance, it’s hard to know exactly what recruiters expect you to say. I know that because I was once a candidate and I did a lot of interviews. Then I became a recruiter and I saw the other side of the curtain. What I became aware of through the years is there is a group of questions that almost always come up in every interview. These questions give a lot of information about the candidate. While it is true that you should not lie to a recruiter, you have to be sure the way you answer will show you are the best fit for the job.

Here are these recurrent questions and the answer you should or shouldn’t give to them.

1 – Tell me about yourself

This one is the all time classic. It is certain a recruiter will want you to give a quick overview of your resume. The key to answering this question is to be concise. Do not try to say everything there is on your resume. Focus on the experiences which are relevant to the role you are applying for. You also need to adapt to the person that is in front of you. If it is someone from the human resources for example, avoid any technical detail that wouldn’t be understandable/ interesting to him. You would rather want to emphasize how you were a good asset for the team you were in.

If your interviewer is someone from the business, you can enter a little bit more into the details of what you did. But keep in mind that what they are looking for before everything is whether they will be able to work with you. If you are losing yourself into too much details, this can give a negative image of your ability to communicate efficiently.

2 – What do you want to do?

If you are applying for a summer internship or a graduate program, you may be interviewed by someone who doesn’t work at the desk you ultimately want to join. You still have to express what you really want to do, so you should have a precise idea of it. Additionally you have to be able to give specific reasons on why you made this choice. Do a lot a research, and above all: show your interest. Recruiters don’t want people who don’t have a genuine interest for the job, and are only there because they smelled money.

However you have to show that you are still open to a change of mind. An internship in a bank is designed to make you discover several aspects of the business. Show that this internship won’t be only a tool for your career, but that you are willing to discover new things.

3 – Do you prefer working alone or within a team?

In Finance, team work is obviously really important. Most candidate know that and answer this question by saying they don’t really like working alone, and they prefer working in a team. That’s not a good answer.

In your job there will be times when you will have to work alone, and be really efficient by yourself. If you say you cannot work alone they will think you are the kind of person that always asks a ton of questions, and can’t figure a thing out by himself.

The good way of answering the question is to show that you are good in both situations, and that working in a team requires you to bring forward you own individual ideas and work. If the recruiter insists on you making a choice, you can give a reason of why you prefer one, without excluding the other. For example you could say something along those lines: “I prefer working in a team because it is rewarding to feel that the specific skills of different people can be put together to reach an ambitious goal. However I know that sometimes you have to go forward by yourself in order to best support the team.”

Give examples from your experiences/ years at universities of time you were good in both situations.

4 – Why do you want to do this job?

If you don’t know the person in front of you, do not talk about money. While it is true that some interviewers accept this answer (and some even looking for it), most of them will try to see if you have other motivations behind the salary. The fact that a good remuneration is a motivation for the job is known and implicitly admitted. Instead you can talk about the challenge the position represent for you and why doing the job will be rewarding for you

5 – Where do you want to be in five years?

I interviewed several candidates that had a career plan as precise as a military map. They want to have a particular job next year, then become an associate in 2 years, then become a manager in 5 years etc.This actually give a bad image of the candidate. It shows how naive he is of what is really the professional world. You need to give general orientations of where you want to go, and what you would want to accomplish as a professional. Show that you have a vision of the future, and give a subtle hint of your ambition. Do not establish anything as certain though.

You also want to avoid sounding overly ambitious. If you say that you absolutely want to be the manager in the shorter amount of time possible, the recruiters will see you as a potential source of conflicts within the firm, because of the political maneuvering you may employ to reach your goals.