Posts Tagged ‘credit’
When I started in business over the internet had many doubts and all looked very complicated, very difficult, one of those issues that seemed problematic was the issue of money, I asked a lot what once I have my internet business and earn money with them and get paid that money?, how do I send it or send it when you need to pay anything? hopefully soon I started hearing about Paypal, at first I thought something strange name and clear at that time and had doubts and little confidence in any place where you need to leave my personal data and any credit or debit card.
But Paypal name was very common on the net and every time I read it was a useful and reliable tool to pay to send or receive money through the network and throughout the world, so inform me after I decided to use it, I filled my form and I high, the process was very simple you register using an email address with which you send or receive money from your paypal account, you give your information and links to your Paypal account or credit card debit that is international or to a bank account.
If you want to be a verified user which brings certain advantages if you plan to devote to Internet businesses, only authorized to paypal to make a charge of $ 1.95 which appear on your statement and next check some numbers, check those numbers the type into your paypal account and click and go give you a verified user, which allows you to make as many transactions, and be a verified user which gives more security to people dealing with you, oh and the $ 1.95 Paypal you the returns. Read the rest of this entry »
Because of the recent financial crisis, the credit insurance industry globally faced an explosion of defaults, losses and increasing recording fees. However, according to the CEO of Co face Chile, Louis des Cars, the new global crisis post opens better perspectives. And just look for those opportunities is the focus for 2011 from this firm specializing in credit insurance, which offers protection products in commercial transactions between companies, covering default risk on the sale of goods or services through to invoice factoring domestic and foreign operations.
How does the outlook for the industry in 2011?
- We see no recovery in the global economy, we are far from the risk of a double dip recession, but there are factors of fragility, because the problems of developed countries are transferred to the kids. Yet the economy has improved, that is why insurance rates should not raise more credits. Last year also increased, by contrast, there was a tendency to lower your premium because sales volumes still were not pre-crisis levels in many countries, especially in developed countries.
- Does the recovery should not drive up prices?
- No, the prices should not increase. There is a slight recovery; obviously, that if during the year there is a sharp rise in defaults would rate adjustment. Today the scene is more or less controlled, there is positive news but there are always risks.
- What are those risks?
- In the developed world see little growth, States’ debt, volatility of food prices, war coins, bubbles in bank loans, financial market volatility and inflation risks. In the more strength, we see emerging through with the trade balance surplus, low public debt and macroeconomic fundamentals better than the developed countries.
According to the Bank of Spain, late payment of credit extended by banks, savings banks, cooperatives and credit institutions increased in November to 5.68%, reaching its highest level since January 1996.
Thus the credit delinquency is on the 104.781 million euros, where the highest number of defaults recorded as financial institutions, which stood at 10.30%.
For their part, banks reported a 5.81% default rate, exceeding for the second consecutive month the savings banks, in which case the defaults came to 5.53%, while credit unions under the default level ranking at 4.43%.
In the case of banks, the NPL ratio remained almost unchanged for the month of October, after spending of 5.80 to 5.81% for a loan portfolio of 830 613 000.
Also, savings were increased its loan portfolio as well as the level of delinquency for. Its loan portfolio to 855,577,000, and the volume of up to 47,327,000 doubtful, from 5.49% in October to 5.53%.
By contrast, credit unions decreased the level of delinquencies to 4.43% from 4.45% in October, and that while its loan portfolio grew to 97 190 million, the volume of bad loans fell to 4,310 million from 4,320 million.
Finally, late payment of credit institutions rose again at around 10.3%, for a portfolio of 41.151 million euros of which 4.238 million were questionable. Read the rest of this entry »