Buying and selling cash flow notes can be profitable endeavor for some, but for most getting involved in the business is unwise. If you are thinking of getting involved in the cash flow note business, there are a few of factors to consider.
Cash flow notes are simply promissory notes between two parties. Just like any other loan, they have terms like interest rates and payment schedules. Most cash flow notes are attached to a piece of real property (think rental apartments). During the term of the note, if the payee can no longer make payments the property can be liquidated to settle the debt.
Some brokers have found ways to develop a profitable business buying and selling cash flow notes. They spend time finding people who hold cash flow notes and offer to buy them at a price considerably less than what the note is worth.
This just in: your bank account is not perfectly safe against hackers. According to one article from the Financial Times, direct attacks on corporate bank accounts are on the rise. For years, cyber-criminals have been content stealing credit card numbers from hapless victims online, a crime that, while annoying for the individuals involved, wasn’t particularly financially damaging thanks to the limited liability theft protection credit cards possess. But criminals are getting bolder and have begun launching more direct, and damaging, attacks directly on your online bank and brokerage accounts. Should you be worried?
Here’s the $64,000 question: if a cracker breaks into your online savings account and somehow manages to separate you from your funds, is the bank on the hook for the theft? Are you? In most cases, it’s the bank. But there are far too many gray areas for my liking.
Many (if not most) banks have policies regarding this type of thing. Here is Bank of America’s online banking security guarantee, for example. The policy promises $0 liability provided you live up to your end of the bargain. Your end of the bargain, as defined by Bank Of America, is constituted by the following:
Not that long ago the whole idea of doing any financial transaction over the Internet was looked at with great skepticism and a bit of paranoia by the average consumer, but that has all changed. These days the online credit card account is a common resource for most people who can use online banking and Internet credit card tools to do everything from online credit card applications to bill payments and online credit card travel arrangements or shopping.
The only difference between traditional credit card use and online credit card management is that instead of dealing through the mail, over the phone, or in person at your bank you handle transactions and other procedures virtually – by using email or going to your online credit card company’s website. You can even get credit card offers through email, respond to them on your computer, fill out an online credit card application, and get a new credit card approved in your name – all with a few clicks of the computer mouse.
18 Dec
Posted by admin as Corporate Finance
The first time getting a new credit card has become a really important rite of passage in the modern world of consumerism, because without a valid credit card it is much harder to transact business, shop, and enjoy the convenience of carrying plastic. But if you apply for a card and get a credit card no or a rejection of your application, don’t panic. Just because one card company turned you down it does not mean that other credit card companies will say no to you.
What companies look for on your credit card application is a track record of good borrowing and timely repayment of your debts. So first of all, lots of people who are applying for a credit card but have never had one before are faced with a challenge. Since they do not have a credit card they also do not have any credit history, and they me get a credit card no acceptance reply. I Read more…
The Canadian dollar – known as the “loonie” – gained more than half a percent on its US counterpart today, appreciating to C$1.0663 per U.S. dollar at 8:19 a.m. in Toronto, from C$1.0711 yesterday. One Canadian dollar buys 93.79 U.S. cents. The increase is due mostly to an increase in oil prices as well as a big jump in the earnings for RIM, the Canadian-based manufacturer of the Blackberry.
Bloomberg