Category: Quick Credit

I Do Not Have Economic Solvency What Do I Do? – Quick Credits

by Travis Blau
Not having economic solvency is a situation that, although it is not pleasant, should not make you lose your temper. In fact, many people experience it at some point in their lives. Actually, what you should do if that situation occurs is to ask you a question: is my insolvency permanent or temporary? Depending on the answer, the solutions (that there are) are different. In this article we tell you what you can do to get ahead in both cases and how Count Fosco can help you.

Permanent economic insolvency: what to do

Permanent economic insolvency: what to do The first thing you should do in this case is to recognize that you have a problem. With solution, but a basic problem: in your balance of expenses and income there is something that does not work and causes the former to be superior to the latter. And since it is a problem with two faces (expenses and income), you can correct the situation by either way. On the one hand, thoroughly review your expenses. Receipts for supplies, service bills, purchase expenses, subscriptions, rent or mortgage on the house, etc. There will be some that can not be touched, but there will be others that can. It reduces its amount or directly dispenses with expenses that are superficial or less important. If the situation improves in the future, you will be able to treat yourself to enjoying them again and it will be as if nothing had happened. On the other hand, you can try to increase your income. If you have a job, the easiest thing (and also the most sacrificed) is to do extra hours, although for a long period of time it can be excessively hard. Meanwhile, you can prepare another better solution: expand your training and aspire to a better paid job, either in the same company, in another sector or even independently. And if you do not have a job, with more reason you should improve your training while you are looking for a job with more zeal.

Without temporary financial solvency: how to get out of the way

Without temporary financial solvency: how to get out of the way Not having financial solvency temporarily is not a pleasant situation, but certainly not a major problem, at least if the need for money is not too high. There are many solutions at your fingertips, whether you need them immediately or not. One of them is online microcredits , such as those that you can request in Count Fosco: indicate amount and term, fill out the online form and you can receive up to € 750 in your bank account in less than 15 minutes clock, if all the data provided are correct. This solution is valid even if the debt in question is already firm and the company that claims it has included you in a list of defaulters as ASNEF. For Count Fosco and its lenders, the fact of being registered in this type of files is not enough reason to deprive the client of his right to personal financing . Each case will be assessed individually and other circumstances of the applicant will be taken into account, such as their level of income, the nature of these (payroll, pension, unemployment benefit, etc.) or the possibility of presenting a guarantee as collateral, something that neither it is obligatory Another option is that of pawnshops , the sale of gold or second-hand stores. They allow you to get money with objects that you have at hand in your own home, but they have some disadvantages: you will have to get rid of items of great emotional value, such as jewelry, the money you will receive is significantly lower than its true market price and in many cases You will not receive the money immediately. Depending on the expense caused by the insolvency, there are other solutions. For example, if it is too high a bill, you can negotiate with the company in question a postponement of the payment . Some companies, especially energy companies and telephone companies, provide facilities to carry out this procedure, sometimes without interest. They prefer to reach an amicable agreement with the client before initiating an administrative process to claim the debt and include the user in a list of defaulters. Another similar option is the fractionation of the debt, which can also be without cost or with low interest. Negotiate with the company what installments and installments fall within their plans. Beyond these options, all viable and typical of any adult, there are other more informal and much less recommended. For example, take a hand of savings , if you have, or ask for money from family and friends , with the drawbacks that this generates: bad drink for those who request it and tension in the relationship of trust between both people. Analyze all these options to solve your lack of economic solvency, permanent or temporary, and choose the one that suits you from an economic and emotional point of view.

What Are The Liquidity Ratios? – Quick Credits and Quick Loans

by Travis Blau
Although the business economy is composed of numerous concepts, some of them really complex, there are two of them that you should master from the first day: liquidity and solvency. Although they may seem synonymous, in reality they are not. And for the operation of your business to be correct, it is not enough that only one of them enjoy good health, but that both must be maintained in appropriate values. In this article we will focus on the liquidity ratios , which are really indicators to know if you have treasury problems in your business. While solvency refers to the profitability of a company in the long term, what concerns us in this article has to do with the short term. Or what is the same: liquidity, which means the ability of a company to have money available to deal with their immediate payments, such as payroll, suppliers or rent the premises. To measure this, the most popular of the liquidity ratios is the one that responds to the following formula, whose result should be greater than 1: Liquidity ratio = Current assets / Current liabilities

Other concepts related to liquidity ratios

Unfortunately, cash flows are very variable, so the previous formula can give wrong results depending on the moment in which the calculation is made. That is why we speak of average cash periods . Although it is not a ratio as such, it must be taken into account: it is necessary that the average period of payment to customers be adjusted with respect to the average period of payment to suppliers, employees, etc. Therefore, it is necessary to calculate it. The coverage ratio is also another very useful indicator to manage, although in this case it is more complex. The central idea is that certain income should serve to 'cover' certain expenses. Stated more specifically:
  • Commercial debts must be faced with the commercial activity itself (collection from clients)
  • Financial loans must be met with cash flows
The coverage ratio, whose result is the result of the combined calculation of these concepts, aims to keep both balance sheets under control.

Liquidity ratios: How to get it when there are treasury problems

Liquidity ratios: How to get it when there are treasury problems All businesses, especially at the beginning of their business, have cash or liquidity problems at some time . If it becomes a chronic or permanent problem, the viability of the company will be compromised. If it is a specific problem, no. In fact, there are different ways to solve a particular liquidity problem. One of them try to convert current assets into circulating money. This is not difficult, unlike the so-called 'immobilized' assets, which require at least a year to complete this process. The problem is that converting these current assets into money can be a strategic problem for the company, since these current assets can be funds reserved for investments or for other structural items. There is another method, simpler and more immediate, to solve these problems of liquidity ratios. They are microcredits , which can be obtained without bureaucracy in Hank Morgan. Its operation is simple: you request a quantity of money and you indicate a term, you transfer the money to your account in a matter of minutes, you use it in whatever you want and you return it within the indicated date, normally in an immediate future also. Logically, it is a service that has a cost, but it brings important benefits to the company:
  • Being a punctual operation (collection and payment in a short period of time), it does not alter another important ratio, which must also be under control for the proper functioning of the company: the financial debt ratio . Long-term bank loans do compromise this indicator.
  • They grant low amounts : to process a bank loan, normally a large amount of money must be requested, with the inconveniences that this generates. But these online loans can also be processed if the needs for liquidity ratios are low, precisely what usually happens with treasury problems
  • They can be processed for any purpose : while bank loans are usually associated with a specific purpose (acquisition of machinery, vehicles, investments, etc.), in the case of microloans it is not necessary to indicate what their purpose is.
  • In many cases the debts incurred by the applicant, be it an individual or a company, are not taken into account . The corresponding delinquent listings would be ASNEF and ASNEF Empresas. Being part of them does not have to be an impediment to access these credits.
In Hank Morgan you can get from € 50 to € 750 immediately, without paperwork or travel, all through the Internet. The return period is never greater than 30 days and the return of the money, except for exceptions, is made in a single payment, which avoids medium and long-term indebtedness of the company.