Financial management in a business is quite challenging. A business owner has to struggle on many commercial fronts, volatile market conditions, competitor pressure, changing customer expectations, cash flow issues, etc. Management becomes a big task amidst all this. However, the good thing is that there are some finance management ways and tools for managing money …
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How to lower your dependency on various forms of external funding? This question must be haunting you from inside. There is no harm if you depend occasionally on credit. However, it should be alarming if it becomes a habit. It indicates that something is wrong in your financial behaviour and immediate recovery is needed. Otherwise, …
Continue reading “Breaking the cycle: Tips to prevent credit dependency”
Hire purchase (HP) and personal contract purchase (PCP) are two types of car finance deals available from car dealers. While you have an option to take out an auto loan from a direct lender, people are becoming keener on preferring PCP to any other types of financing deals. The most common reason is that it …
Continue reading “Are PCPs responsible for throwing borrowers into a debt spiral?”
To buy a car using a finance deal, no lender will lend you 100% of the value of your car. You will generally have to pay some money upfront, called a down payment, which is at least 10%. This is the minimum down payment size, so interest rates will not be attractive. When it comes …
Continue reading “Why is it a good idea to pay a larger deposit for your car finance?”