Lenddo Creates Credit Scores Using Social Media

    February 1st, 2015

    How do you lend to people in a developing country that lacks credit bureaus, and to people who lack any credit history?

    Lenddo does it by following applicants on social media, with their permission.

    It started its service lending its own capital while it improved the technology to more accurately measure credit worthiness, but now banks and investors are looking to use Lenddo in the cloud to invest in loans. Lending Club demonstrated that you can make money lending without the traditional infrastructure of a bank or just the scores maintained by credit bureaus. (The FT reported today that SocGen and Goldman Sachs are looking into peer to peer lending.)

    Jeff Stewart, Lenddo’s...

    Will a Bankruptcy Stop Me From Getting Student Loans?

    February 1st, 2015

    Q. I declared bankruptcy two years ago and I’m trying to turn my life around. I have a full-time job that just covers the bills. There’s not enough for savings, but I don’t have any new debt. I want to go back to college but I’m afraid my bankruptcy will be a problem for student loans, which I will need. What are my chances?

    A. Your chances are pretty good, at least as far as the bankruptcy goes.

    One of your best college funding opportunities is federal student loans, which offer relatively low interest rates and attractive payment terms.

    If you go that route,you’re protected by law.

    “The fact that you filed for bankruptcy shouldn’t...

    2015 is a great year to expand your business

    February 1st, 2015

    Financing Sheboygan County business growth in 2015 will prove to be the easiest in nearly a decade, as lenders look to meet the needs of local business expansion now that the economy is rebounding.

    This recovery is evidenced in county unemployment now down to 4 percent, with more than 1,000 job openings currently available. In addition, many area companies we talk with continue to have expansion plans.

    If your company is among the local businesses needing to grow to meet customer demand, then 2015 may be the year to move ahead with these plans. And with good reason. Interest rates on business financing continue to be low. Recent growth and gains in the US economy are forecasted...

    Design & build: Where to from here?

    February 1st, 2015

    Its little wonder, given the fabulous spell of weather weve had but the irony wasnt lost on us. Of course the best weather would come when all our tradies were on holiday yet while they were trying to lay our foundations we experienced one of the wettest months on record.

    We eagerly walked over the makeshift bridge spanning the stream and into our bedroom pod to see what had changed. Wow. All the internal wall framing was up, defining every rooms dimensions.

    We walked down our hallway and through the doors into each room one by one, marking out where the furniture will go and pretending to use each space – the bathroom, the laundry and our spare bedrooms, each complete...

    Winning Small-Business Loans in 5 Easy Steps

    February 1st, 2015

    You have a concept for a business and wrote a business plan that shows a clear path to profitability. You just need some cash to get started. If you have good credit and a sound plan, you may well be eligible for a small-business loan from a bank.

    To qualify for a small-business loan, you’ll need to have all your bases covered. Here are the five basic steps for obtaining a small-business loan.

    Small-Business Loans, Tip #1: Research Funders

    There are many sources for small-business loans and you’ll need to do some research to find the best deal. Banks and credit unions provide access to SBA loans. If you already have a banking relationship, check there first....

    Finance Minister apprised on Pak-Brunei investment plans

    January 31st, 2015

    ISLAMABAD: Finance Minister Ishaq Dar here on Sunday chaired a briefing session by managing director Pak-Brunei Investment Company seeking details of its present investment financing profile and immediate future plans.

    Pak-Brunei Investment Company is an investment finance company established as a joint venture between government of Pakistan and Brunei Investment Agency (BIA) that commenced operations in August 2007 said a press release.

    Managing Director Ayesha Aziz said that Pak-Brunei plans to increase its small and medium enterprise footprint across various regions of the country.

    She said that the company was in final stages of launching...

    How to Improve Your Credit Scores in 2015

    January 31st, 2015

    By Jonathan Roisman, NextAdvisor.com

    2015 is here! With a new year upon us, its the perfect time to make a few resolutions to help improve your financial life. One of the best ways to do that is to boost your credit scores because this will give you access to a number of useful benefits. From lower interest rates to more credit card offers with generous rewards, your credit scores play a major factor in determining where you stand financially. But how can you improve your credit scores? With a little work and patience, you can see your credit scores rise dramatically in 2015. Heres how to do it:

    1. Pay your bills on time (and in full)

    A common New Years resolution is to save...

    RBS admits mis-selling business loans

    January 31st, 2015

    Royal Bank of Scotland has admitted it has mis-sold loans to small business customers under the Enterprise Finance Guarantee (EFG) scheme.

    The taxpayer-backed scheme was set up in 2009 to help firms who would otherwise find it difficult to find credit.

    The mis-selling was uncovered after complaints that the scheme was not properly explained to borrowers.

    RBS has lent more than £900m to 9,000 small firms since the EFG scheme began.


    RBS – 80%-owned by the taxpayer – is the biggest user of the EFG scheme.

    It is designed to provide a 75% government guarantee to lenders to encourage them to back small businesses without enough...

    RPT-Market Chatter- Corporate finance press digest

    January 31st, 2015

    (Repeats with no changes to text)

    n>Jan 22 (Reuters) – The following corporate finance-related
    stories were reported by media:

    * Google Inc is preparing to sell mobile phone
    plans directly to customers and manage their calls and mobile
    data over a cellular network, The Information reported, citing
    people familiar with the matter. Google is expected to reach
    deals to buy wholesale access to Sprint and T-Mobile
    mobile voice and data networks, making it a mobile
    virtual network operator, the technology news website said.

    * Online ride-sharing company Uber Technologies Inc has
    raised $1.6 billion in convertible debt from wealth...

    Scammer pleads guilty to making $58000 in fake money

    January 31st, 2015

    SAN ANTONIO (AP) — A California woman has pleaded guilty to making and passing nearly $58,000 in fake cash.

    The San Antonio Express-News reported Saturday that Tela Lee Conerly faces up to 20 years in federal prison during sentencing this spring.

    Conerly pleaded guilty Friday in San Antonio to manufacturing and distributing counterfeit currency. Investigators tracked serial numbers of some of the fake bills passed since 2011 in California, Oregon, Arizona and Texas.

    Investigators say Conerly bleached real $1 bills and changed them to fake $100s.

    Police in Hondo, 50 miles west of San Antonio, arrested Conerly last March on a tip that she was printing...