Credit

Credit Card Debt

Credit card usage in the US has been on the rise in the past decade. According to Woolsey and Schulz (2012) a survey conducted in 2007 indicated that 97% of American consumers use their credit cards to buy goods and services. Further, as per 2008 records, more than 176 million Americans had credit cards. In […]

Future Consequences of Debt

What are some future consequences of borrowing too much debt? The weight of debt is forcing many to put off saving for retirement, getting married, buying homes and putting aside money for their own children’s educations. Heavy student debts may also keep young adults from starting businesses. Some graduates will refuse to risk what little […]

Should Social Services Be Cut to Reduce the National Debt

National debt or federal debt is the difference between the government’s total liabilities and its total assets and in our times wherein the national debt is on the rise because of different reasons, one of the most common way out provided by some thinkers and scholars is to reduce and cut the resources allocated in […]

Debt Financing

When a firm faces new investment opportunities which have positive net present values, financing needs come along. The options range from using cash generated from operations to just simply forego the projects. If the company wants to take its projects, the options to raise new funds -disregarding cash generated from operations- are issuing equity or […]

The Obama Administration’s Fiscal Policy for the National Deficit

The federal budget is an important part of the economy in any country; and, as the Deficit in the United States grows, it is more important to maximum employment, production, and purchasing power. The current deficit as a percentage of GDP is near 11% which is the highest since the 1940s during WWII. The government […]

American Loan Sharks

Twenty-five years ago, the banking industry successfully eliminated a critical restriction: the limit on the interest rate a lender can charge a borrower (“Do You Know What You”). These restrictions were known as usury laws. These laws were in effect for centuries prior to the 20th century (Geisst 2). Usury laws were established to protect […]

American Debt-Ceiling Crisis

The cause of American debt ceiling crisis was the substantial increase in defense expenditure continuing recession in the domestic economy, which led the government had to borrow more than the legal limit. There has been a long bitter debate of whether or not to raise the debt ceiling since this would influence a lot on […]

Summary of Case Padgett Paper Product Company

Francis Libris, Vice-President of Caslon Bank, is the “Relationship Manager” for Padgett Paper Company – a long time customer of the bank. Recently, Padgett Paper had asked for and received from Caslon Bank a significant increase in the amount of its loan. Libris is reviewing Padgett’s most recent financial forecast and its performance. During the […]

Case Digest

Facts: 1. Gonzalo Toco, the owner of the 5,894 shares of capital stock mortgaged these shares to Chua Chiu to guarantee the payment of debt of 20,000. -These shares were represented by 9 certificates; having a par value of P5 per share -The said shares were delivered by the mortgagor to the mortgagee, Chua Chiu […]

Debt vs. Equity Financing

This paper gives brief comparison of lease with lease with purchase option is stated along with the advantages of debt and equity financing. Comparing Lease with Purchasing Options A lease is a contract for transferring the possession of property to another person by charging rents. A lease may also contain a purchase option which entitles […]

Debt Settlement

The Newport Financial Services method of debt settlement, which might also be termed debt negotiation, is the most secure and expedient method of getting oneself out of debt without resorting to bankruptcy. We at Newport understand the immensity of the stress that a heavy burden of debt creates, and we are resolute in our commitment […]

Debt factor in Developing Countries

The aspect of external borrowing by the developing countries from the developed nations and other global finances such as the World Bank, IMF and OPEC above other comes out as a fundamental aspect in defining the state of growth and development in these nations. Due to the economic inequalities which are perhaps rooted on the […]

Unfair Debt Collection Practices

They call people late at night, or early in the morning, making threats to make them pay for debts that they’ve either paid or didn’t incur. They utter obscenities and threats. Some go as far as humiliating people, obtaining cellphone records to call family and friends (Chan, 2006, p. 1). They call repeatedly, often making […]

Alpine village case study

Financial Forecasting: Riverview Community Hospital Alpine Village Clinic is a small walk-in clinic located next to the primary ski area of Alpine Village, a winter resort close to Aspen, Colorado. The clinic specializes in treating injuries sustained while skiing. It is owned and operated by two physicians: James Peterson, an orthopedist, and Amanda Cook, an […]

Bible Forbids Bankruptcy Bible, Debt, Default

The Bible “forbids” Carl to file for bankruptcy. Carl has acquired debt with little or no intent on paying it back. He did so by continuing to refinance and to roll his debt from credit cards and other expenses into his home mortgage. Carl is not making enough money to live the life style that […]

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