How do banks assess your credit history?

 

 

 

 

 

Whatever kind of credit you apply for, with the possible exception of payday loans, you will see the, often dreaded, words subject to status. This effectively means that the lender will run a credit check and go through your past credit history before a decision is made on your application. This is the file that follows us all around and contains every application, default and payment that we have made in recent years. Continue reading

Posted in Personal Finance | Tagged bad risk, bank loan, banks, Business, county court judgement, credit history, credit rating, credit score, credit scoring, existing credit, extent, honesty, How do banks assess your credit history?, loan application, nbsp, parents, payday loans, personal finance, postcode, prospective lender, prospects, subject to status, UK, upwards, wasting your time | Leave a comment

Is Iceland safe again to invest in again?

Although the economy collapsed in Iceland, causing its credit rating to take a sudden dip back in 2008, Fitch the credit reporting company has issued an improvement in the companies rating, making it safe to invest again in.

Many people are hesitant to venture back into the Iceland market after its large meltdown and subsequent banking problems, but now Fitch has faith in the structure of the country again, raising its sovereign rating up to a BB+ which is a huge improvement over the previous BBB-.

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Posted in Business Spotlight | Tagged bb, bbb, Business, credit rating, credit reporting, economy of iceland, excessive debt, faith, foreign debt, imf bailout, international monetary fund, investment grade, meltdown, UK | 2 Comments

Nissan to bring back cheap Datsun

 

 

 

 

 

Nissan is set to bring back its Datsun as a cheap, affordable choice for entry level car buyers after tucking it away for almost thirty years. Chief Executive for Nissan, Carlos Ghosn, stated that the Datsun would come back as their third global brand, sitting alongside the marquee of Infiniti and Nissan. The first cars to hit the market under the Datsun name would be released in Russia, Indonesia and India in 2014. Continue reading

Posted in Business News | Tagged 1914, annual reports, Business, business plan, car buyers, cheap Datsun, chief executive, Datsun, datsun name, emerging markets, financiers, first cars, global brand, Japan, marquee, mass market, million sales, nbsp nbsp nbsp nbsp nbsp, Nissan, Nissan to bring back cheap Datsun, president susilo bambang yudhoyono, susilo bambang yudhoyono, thirty years, UK, workforce | Leave a comment

Government aims to tackle issues related compensation culture

 

 

 

 

Every time we pick up a newspaper, or watch the news, we seem to read or hear about the latest government plans to tackle compensation culture, but as yet we haven’t seen any significant changes. At one time, if you had an accident you shrugged it off and accepted it, nowadays, camera phones are whipped out, and you hobble directly to a solicitor to extract as much money as possible out of who you feel is to blame. Continue reading

Posted in Business News | Tagged accident claims, accidents, Business, camera phones, consumer groups, david cameron, government plans to tackle compensation culture, health and safety, insurance industry, insurance premiums, litigation, man on the street, measures, monetary compensation, mr cameron, own insurance, PM David Cameron, red tape, solicitor, telematics, term compensation, UK, Ways of tackling today's compensation culture, whiplash, young drivers | Leave a comment

Business Profile on Baidu

Baidu Inc, formally known as just Baidu.com before it became a major company, is the predominant Chinese Internet search engine provider that offers searches in Chinese and is involved in many online marketing avenues within the country of China.

Outside of offering just search queries, the company also sports the subsidiary of Baidu Union, which is a network of software applications and third party websites. In addition, the company also offers online marketing services and website design to its customer base. In short, Baidu could be described as the Chinese counterpart to the English company Google, with just as large as a reach in China.

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Posted in Business Spotlight | Tagged avenues, baidu, Baidu Union, beijing, Business, business profile, Business Profile on Baidu, ceo, china, chinese counterpart, Chinese counterpart to the English company Google, chinese internet, Chinese Internet search engine, communist party, computer network, customer base, google, internet search engine, large scale systems, marketing services, online, party websites, propriety software, software applications, systems technology, technology web, UK, web search technology | Leave a comment