Question: How to start a consumer finance lending company?
I’m involve with a consumer finanace project. There is a business plan for this project which is based on old methodes of loan processing. I’m looking for a modern way to start and manage a lending company.
Answer: its very, very competitive, start your company online
Question: How do collection department works in consumer finance?
For example icici bank provides loans for two wheelers,four wheelers&personnal loans.If the customer does not repay the loan properly how do they reover back their money or the asset.
Answer: they repo the collateral…..
Question: What is consumer finance?
Qualitifications? Restrictions? collateral needed? limit on money borrowed? How much time do we get to pay off that money? Types of payment plans? Examples of locations that deal with consumer finance?
Answer: Consumer finance is a term for customers who purchase goods through a loan or financing.
The restrictions, limit, interest rate, and term length all are determined by what is being purchased, the credit rating of the customer, the company that is financing them and what type of loan it is.
1 example would be what is referred to as a chattel loan.
it is based on using the item that is purchased on credit as collateral for for the loan. therefore if you bought a TV that costs $5000. and your financing was for $5000. they would base the repayment of it to suit the customer, and the depreciating value of the TV. the normal financing term for things like TVs is 24 to 48 months. and if you don’t make the payments they can seize the TV.
Question: Where in the World are the best deals in commerce and in finance and in consumer purchases?
are You Big on Asia? or what cars are best purchase price and hybrid and fuel economy? Pontiac G5 or Pontiac G6? They are not hybrid, but they are great buys. Pontiac Vibe is good also. Ford has the Escape Hybrid. Look for the best available purchases. And report the best buys below. Not only for automobiles. Any product goes.
Answer: Chevy Aveo selling brand new for $7,000..
Question: Don’t you think it’s kind of rude of GE Consumer Finance to take 2 weeks to give an answer on my interviews?
I had a phone interview, an assessment session, and a 2nd interview with these guys, also known as GE Money. It took them exactly 2 weeks to give me an answer, which happened to be no. I had called and followed up a few times during that time, only to be given the run-around. Why have an employment hotline and website if you’re not going to tell the applicant anything for 2 weeks anyway? I finally got an email– they can’t even be good enough to give me more than a form email after I waited 2 friggen’ weeks. I don’t recommend working for these jerks.
Answer: Welcome to the real world of job interviews. The bigger the company you are interviewing with, the more applicants they have. They can’t always interview them all and make the best decision within your timeframe. Their HR people also take time off occasionally. You are lucky that you got any notice at all that you were not the one they hired. Most companies will not respond at all to those they didn’t hire, and when they do, it’s almost always a form letter.
Question: What are the various methods of consumer finance available in the market?
Answer: Mortgages, home equity loans, installment plans, auto loans, credit cards, store cards, ???.
Question: Has anyone had a car financed through acc consumer finance?
THEY ARE A FINANCE COMPANY FOR CARS, WITH PEOPLE WHO’s CREDIT MIGHT NOT BE SO GREAT. THEIS CUSTOMER SERVICE SUCKS. THE PEOPLE TALK TO YOU LIKE YOU ARE NOTHING. IT’S CRAZY. SO, IF YOU ARE NEED TO GET A CAR DON’T GO THROUGH THEM. THEY ALSO, PUT IN A BOX IN YOUR CAR SO WHEN YOU START IT IT MAKES THREE BEEPS. IF YOU ARE LATE WITH YOUR PAYMENT THEY CAN TURN YOUR CAR OFF. THEY ARE LOCATED IN SAN DIEGO CALIFORNIA
Answer: ACC Consumer Finance clearly deals in the subprime market, and lenders in that market often tend not to be very gentle, so I don’t want to sound like I am endorsing them.
But to give the Devil his due, I have checked several complaint boards dealing with auto financing, and ACC’s name doesn’t come up. But some other lenders, like Washington Mutual, are poster children for abusive practices.
As to the reminder box that they put on your car, that’s not a totally bad idea. Those devices go by a number of different names. PassTime is the one I am familiar with. First, subprime lenders don’t put these reminder boxes on everyone’s car, only on those of borrowers who have a long history of missing payments.
So if you look at it as a device used to give reminders to people who need reminders, then they are not horrible things. In fact, when you consider the alternative – - repossession of the car in the middle of the night – - they might actually be a very good thing. They save the borrower from a repossession that could be nasty, very inconvenient and very expensive.
So I would suggest thinking differently about the reminder box than about the fact that the clerk was nasty. There really is no reason for the latter, even in subprime lending. But the reminder box strikes me as the better of two possible outcomes for people who need them.
Question: Does ge consumer finance finance dental proceedures?
Answer: they should, its a finance company
how many millions are we talking about financing here?
Question: Can you suggest a master’s dissertation topic in strategic finance management?
My Au Pair has almost finished her masters and now needs to do her dissertation. Her supervisor seems to be not helping her in choosing her topic.
The module is the strategic finance management. Any suggestions as to what could be done in this area as a master’s dissertation within 2-3 months?
Answer: Lender recovery during a recession. An S&L gives out billions of dollars in bad loans, there is a shareholder revolt and the CEO is ousted. A new CEO comes onboard during a recession and still must save the S&L from collapse if possible. What’s the formula to know if it’s possible to save the S&L or in vain? Where does one find billions of dollars in a credit crunch? How long will the process take and will it be quick enough? These questions are being asked now and during the S&L scandal during the 80’s. Many MBAs failed to see the bad loads or save their S&Ls.
Question: Can anyone tell me more about restaurant finance management?
I would like to know more about how to manage the finance, cash flow and other management issues for a restaurant.
Answer: Financial management of restaurants varies depending on the type or restaurant. A fast food restaurant will have different targeted goals than a full service restaurant.
If you are looking for targeted numbers for your variable costs such as labor cost, food cost, liquor cost, beer cost, and wine costs you can use a the industry averages of 30%, 31%, 22%, 28%, 35% respectively.
If you are looking for a more extensive look at restaurant financials I would suggest checking out the site http://www.foodandbeverageunderground.com where you can get all the food and beverage knowledge to run a restaurant for free.
Question: Finding work with a BSc degree in finance management?
I just got admitted to a top UK university to study accounting and finance management.
What I’m interested in is my prospects of finding work in that sector with this degree. Do companies generally want you to have a masters or are they willing to let you work with a BSc as well? The thing is that I do plan on on going for a higher degree later on, an MBA ideally, but first I need to raise some cash.
Anybody know?
Answer: Congratulations on your outstanding admission!
A BSc in financial administration gives you great job prospects. Check with the UK advisers and ask about which local firms hire undergrads for part time work. You may get some experience to put on the resume and earn some dough for grad school as well. The financial services sector is rife with opportunity, I’m certain you can make a hook up that will benefit you.
Just as an aside: my under grad was BSc in BA and my first masters was an MBA. The folks I was working for at the time footed the entire bill for the MBA!
Question: Finance Management?
Why do you think expenses should not simply rise proportionately with sales growth and/or, what do you think would happen to management if they allowed all expenses to increase at the same rate as sales, over an extended period of time?
Answer: Expenses shouldn’t rise proportionately with sales growth because in some businesses certain costs are fixed and aren’t affected by sales. However, it is usually desired that most of your costs are variable, that way you can manage your business accordingly and control your costs throughout the business cycle more effectively. Also, expenses won’t rise at the same rate as sales because of productivity gains in an economy. This is basically why we can have GDP growth at rates higher than inflation (I’m talking nominal terms which then translates into real GDP growth). If expenses increase at the same rate of sales, that is not necessarily a bad thing. That could mean that management has done a good job of scaling back their fixed costs and are better able to manage the business through downturns. An important measure to look at is what is the return that management is generating relative to the capital levels invested in the business.
Question: Can someone recommend me a good individual finance management services in Hyderabad?
I am looking for a good individual financial management/investment advising services in Hyderabad. Please suggest.
I have heard about Karvy Investment Services, PersonalFn.com and couple of others.
The service should be able to treat the average investors with equal care. Please let me know your suggestions.
Answer: dont rely onsuch type of institution they are actualyy not advisor actualy they are gambler & bribe taker from companies for artificial hike inshare price. u rely on individual private consultant-
for basic knowledge pls clik on-
http://sharetreadingaccount.blogspot.com
Question: Is the Illinois Institute of Technology good for Enviromental Management/Finance?
Is IIT a good school to get a Enviromental Management Grad Degree? Anyone know of someone in the Enviromental Finance World?
Answer: Its very good. One of the best in the midwest.
Question: Is there a website that has free course for introduction to finance management?
Answer: Are you wanting information to;
1. personal finance management?
2. international financial management?
There is huge concept difference between the two fields.
just do an internet search for the info you are looking for.
Question: What can I do with a Business Management with a Finance minor degree?
I am currently going to school for a Business Management Degree with a Finance Minor. I am not sure yet what I want to do once I get to Grad School.
What can I do with Business Degree? What types of things can I do? Any ideas?
Answer: Banking, Finance companies, Accounting companies, Tax offices, Fed Govt, etc.
That’s a complex degree to go for without knowing what to do with it. Are you sure that’s the field you want?