The Good And Bad Sides Of Debt Consolidation

The Good And Bad Sides Of Debt Consolidation

Many debtors are considering debt consolidation as the silver lining in the low financial state they are currently experiencing. It does seem like a quick fix in solving multiple debts, but a deeper understanding will aid those who are contemplating on consolidating their loans.

Advantages

Convenience of Making a Single Monthly Payment.

With multiple debts, you are faced with several payment dates every month. Read more

Intererest Rates Are Up, Harp Loans Are Down

Intererest Rates Are Up, Harp Loans Are Down

Interest rates have certainly increased over the last couple of months. This is due to many different reasons. However, probably the most significant of these reasons is the Market’s fear of the Federal Reserve easing it’s Bond Buying program, currently at about $85,000,000,000 per month! The current policy was started as an effort to prop up an ailing economy. Read more

Bed Linens Company and Canopy Tops Corporation Analysis – Financial Ratios Related to Liquidity

Bed Linens Company and Canopy Tops Corporation Analysis - Financial Ratios Related to Liquidity

The overall objective of most businesses is to earn a satisfactory return on invested funds, consistent with maintaining a sound financial condition. There are at least two aspects of a sound financial condition:

(1) ability to meet current obligations (liquidity);

(2) ability to meet interest costs and repayment schedules associated with long-term obligations (solvency).

Liquidity ratios have to do with the size and relationships of current liabilities, which are the obligations soon coming due, and current assets, which presumably provide the source from which these obligations will be met. Read more