Personal Finance Essays

Can Ameriquest really be considered socially responsible when so many consumers and former employees tell nightmarish stories of deception? This private sub-prime mortgage lender touts itself as “the proud sponsor of the American Dream,” but its reputation is questionable at best. Ameriquest, a prominent sub-prime lender in the US, has gone through significant changes since […]

INTRODUCTION Businesses in Africa are turning to the internet to enable them reach a wider market. This is known as Electronic Commerce, where buying, selling, investing and lending is done over the internet. Unfortunately in Kenya, the internet infrastructure is very limited. However with the cell phone boom, there is hope through Mobile Commerce. 1. […]

Today, however, bankruptcy has evolved into a procedure in which a person or business may preserve their remaining assets, reorganize and continue on or obtain a fresh-start in life. Bankruptcy can be defined simply as “the legal process by which the assets of a debtor are sold to pay off creditors so that the debtors […]

The Federal National Mortgage Association, commonly referred to as Fannie Mae or FNMA, is a government sponsored enterprise (GSE) that was created by Congress in 1968. Nevertheless, its origins can be traced back to the Great Depression in 1938.Contrary to popular belief, Fannie Mae’s main function is not to directly provide home loans to consumers. […]

Default is defined as the unsuccessful act or the failure to carry through what has been officially and ethically agreed upon. Default is often associated with the failure of payment of debts associated with Bankss or other loaning and selling groups or companies. 2. Collateral on the other manus is the term used for something […]

In the United States, the production and distribution of Carbonated Soft Drinks (CSDs) involved two main groups: Concentrate Producers and Bottlers. Concentrate Producers (CPs) were responsible for blending ingredients, packaging the blend, and shipping it to the Bottler. Our analysis utilizing Porter’s Five Forces indicated that the Bargaining Power of Buyers in the CPs industry […]

Financial constraint is the cash0limited budget which is legislatively-imposed and is under the influence of the Central Government and the Police Forces must operate within them. As it is seen, the presence of financial control is apparent and can’t be ignored, though the importance of financial management is a constraint on policing. Simply saying, financial […]

Voluntary liquidation refers to the voluntary process of winding up and dissolving a company. When a company decides to voluntarily liquidate, it begins by passing a resolution and typically ceases business operations at that time (unless it has already done so). If the company is financially stable and its members have declared solvency according to […]

Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i. e. industry, agriculture. These may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote […]

Abstract As the economy weakens, Americans begin to find ways to save money. One of the latest trends in saving money is considered “the paperless office”. This new paperless office method is a concept that is now considered “Green”, also known as environmentally friendly. These “Green” approaches are engineered to help save money and save […]

CPR and first aid techniques are life saving skills everyone should know and master because you never know when a situation will occur when CPR and first aid may be needed. Mastering these skills will prepare you for the actions you find necessary when trying to give someone the best chance of survival with minimal […]

In general application, saving usually stands for depositing money separately for a particular purpose, for instance, investment in a retirement plan or depositing cash in the bank. In other words, savings means the reduction of expenditure and the act to avoid wastage. According to the personal finance concept, saving means keeping or conserving money to […]

In this article, the use of pre-pack administration is analyzed in both the United States and the United Kingdom. The features of pre-pack administration are discussed, including the procedure, court aspects, practitioners (trustees), creditors, and specific requirements such as Schedule 31 of the Insolvency Act 1984 in the UK and section 1129 in US Chapter […]

Moving to the United States from Russia at the age of thirteen, I was faced with a culture shock. This was a different environment with different culture and language. I had to struggle to fit into this new society. I had to learn the language and the thinking of the people. I also had to […]