Benefits Of Progressive Furniture Financing Over Traditional Financing

Financing is one of the main issues in the present world. Everything needs to be properly financed right on time. Without financing you can never think of getting your dream desires. Starting to finance is an even more difficult job for people. This is called the progressive finance. Financing furniture is also important for people willing to buy new furniture. In the same way progressivefurniture financing is an important topic to be discussed. Obtaining progressive financing is hard as well as necessary. In the present world, there is a lot of challenge especially in regard to finance. So, in such condition starting up finance is a difficult job. Moreover, progressive furniture financing is also very difficult thing to maintain. This article is all about progressive financing for furniture to help the buyers maintain proper finance to buy new furniture. All those people who are in trouble of bad finance for buying new furniture can start up their finance for furniture in a very easy way.

The progressive financing methods are far better than the traditional and old financing methods. The techniques used in it are much more advanced than the previous ones. That is why while buying furniture people prefer to use the progressive furniture financing. The options of financing in the progressive financing are more suitable for the buyers of both good and bad credit score. Traditional financing had a requirement of maintaining good credit score. However, on the other hand progressive financing has no requirement of having good credit score. Thus, people with bad credit rating can also finance their furniture easily and buy new furniture with the help of progressivefurniture financing. The companies and providers dealing with progress financing of furniture assist you much about making good decisions regarding your furniture and it’s financing. In case of any problem he provider is responsible to help you and solve your queries regarding financing issues. This has made the progressive financing methods so popular among public in comparison to the traditional furniture financing.

Moving on to the next benefit of progressive financing we come to know that the online financing option of the progressive financing method is also better than that offered by traditional financing. Online progressive furniture financing has more options of service for the buyers in contrast to the traditional financing options. That is why online progressive financing has replaced the old online financing of furniture. Moreover, applying for progressive finance is much more convenient. The interest applied to traditional financing of furniture was the main problem and hurdle for the customers. On the other hand, no interest is applied to the customers in case of progressivefurniture financing. Thus any person can easily apply for financing his furniture. This method of financing has progressed a lot and this gives it its name of progressive. People now a day prefer this financing method for their furniture to get better services in extremely affordable prices and without any interest. Loan options are also provided by progressive financing methods.

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Choose Elegant Style Of Dining Furniture By Looking All Your Purpose

Whether you are looking dining furniture for enjoying meals or keeping your family together for a while, it is must for you to shop elegant style of Childrens Bedroom Furniture that gives you comfort while you are taking your lunch, dinner, breakfast. Variety of styles and finishes are available in Dining Room Furniture that makes good combination to your room or place, where you are setting up dining area. Dining area is decorated with comfortable chairs, Wine Rack along with crockery cabinet in which one can put up their favorite chinaware and glassware for giving aesthetic look to the room.

Sometimes, we are getting confused to purchase proper sized Shabby Chic Furniture as many times, Living Room Furniture and dining area share spaces. At that time, it is better Bedroom Furniture to look after the space and decide the size of table. It gives great look, if you are maintaining a distance of 3 feet between the Dressing Tables and the Tables. Keeping such distance helpful for you to move across the room and take meal comfortably. One can shop small dining table, if the size of room is small or can also go for bigger one that can be easily folded after use.

Choosing Furniture for formal dining area

Mostly formal Dining Chairs area is created by those people, who are hosting dinner parties and other events with their friends and business colleagues every now and then. Number of chairs and Toddler Beds is selected according to family members and guests. Formal dining areas consist of stylish high-gloss wood finishes.

Various options are available in Wardrobes, it is best to choose from intricate details and patterns or bold colors. People are also going to choose Country and cottage color schemes with creamy whites, soft yellows or pastel blues as it gives different look to dining area. To give cherished meal experience, it is best to purchase small-sized table combined with attractive curved chairs.
Selecting Furniture for Outdoor Area

Outdoor furniture is not attractive, but also well-built as it faces many seasons, hottest summer and watery rainy season. Selecting furniture for outdoor area should be purchased before grabbing basic knowledge. Mostly, folks are choosing plastic furniture as it is versatile and available in finest design, color, and of course, best quality.

Comparing other types of furniture, plastic furniture is less expensive and also light to hold. Rattan furniture is also well-popular for outdoor use as it is capable for dealing various weather conditions. This type of furniture is well-suited with tropical climates and makes great combination with colorful cushions.

Dining Area Furniture for Various Purposes

Not only for taking meals, but also dining furniture can be used for various purposes like doing homework, cutting vegetables, crafting or making any projects. A big dining table is best to place all necessary items in one place. Even, most of people are narrow down other furniture and shop dining sets as it can be use for multi-purposes.

Funique.co.uk has a great collection of dining table and chairs with various stylish designs and bright colors. Shop furniture with free shipping and free return policy and make your place beautiful!!

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How To Understand The Process Of Furniture Financing With Bad Credit

If you are planning to buy a furniture but have low finance or bad credit and not sure whether you can afford to buy a furniture, the don’t worry, you have come to the right place. It is understood that yo but the furniture with less finance can be quite challenging. It is big investment for which a person needs to be financially sound. However, if you have been facing some financial issues, and buying the furniture has now becoming a need may be to increase your office space or get some basic furniture for your home, then try to furniture financing with bad credit option. For people who have bad credit can face many problem at the time of purchasing the furniture. To find a company that can finance you with the extended credit can be challenging. However, if you make a good research on it, then certainly you can buy the furniture easily.

Furniture has now become a basic necessity due to the modern amenities and luxurious lifestyle which a person is living up these days. However, to purchase the furniture with bad credit can be quite difficulty especially for the people who fail to pay the entire amount at once. There is certain furniture financing with bad credit steps that can help you in the overall process and get the financial support and stability so that you can buy the furniture without any problem.

Furniture Financing With Bad Credit Instructions

Make some savings: It is helpful to make the down payment for the furniture which you are planning to buy. You need to set you budget keeping the saving somewhere in mind. Even though this can postpone your purchase, but it would be a great financial support at the time of getting the credit in much better way. When you get the bad credit problem, you must have realized that putting the huge amount of money at once can be quite serious due to which you might have to end up taking loan. This means that risk of lenders increases.

Look for the small local furniture store: There are many furniture stores that offer the best quality furniture at cost friendly value. However, if you are planning to buy new furniture, think on dealing with the local furniture store rather than a chain. These small stores can help the people who are planning to avail furniture financing with bad credit facility. They have many options available with them due to the finance companies.

Be ready to pay more interest rate: Furniture financing with bad credit supporting companies who will provide you with loan especially if you have a bad credit will ask you to compensate for the risk involved. For this, you will be charged with the higher rates of interest.

To purchase the furniture with bad credit, you can apply online as well. This will save lot of your time and money and you will be informed about the money that you will have to pay when buying it.

To buy furniture with bad credit though less but certain risks are involved for which you need to be careful with which company will be financing you. For this a good homework is extremely important on furniture financing with bad credit.

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Steps To Get The Best Finance Furniture Bad Credit Supporting Company

There are many issues that a person may be facing in financial life. However, the need of furniture can come anytime. If you are not sure whether you have enough of money to get the best furniture for yourself, the you can look for the finance furniture bad credit option in which there are certain financial companies that can provide you with the best finance furniture bad credit facility and thus you can buy the furniture instantly. When starting with your search ensure that you take lot of time and have patience to get the best services without facing worst financial issues.

To ensure that you get the best finance furniture bad credit support from the trustworthy and reliable company, you are advised to make a good online research that can help you understand how the process works and how to choose the best financial company. Instead of purchasing the furniture form big store, if you deal with small store, the finance furniture bad credit facility can be opted at much better rate. Besides, they also have variety of options by which you can make the payment instantly. However, there are certain steps that you can follow to get the finance furniture even when your credit history is not so good.

Ti get the best finance furniture bad credit services, to look around foe the right company is not so easy. People who have bad credit don’t usually get such financing company so easily. There are certain steps that might help you to get the right one for yourself. Besides, a good online research can also help you get the trustworthy company from which you can get the financial services without even need of paying off the high rate of interest. SO follow the necessary steps and get the best furniture at your place even when having a bad credit.

Saving means a lot. If you could save your money as much as possible then certainly you can become capable enough o pay the down payment. For this as it is there wont be nay company to make the financial support. Hence, it would be great if you make the maximum down payment to get the less interest rate and fewer loans.

Avoid getting the company that would offer you with too much high rate of interest. Generally, the company that will provide you with finance furniture bad credit facility will certainly make you pay some interest amount every year. However, it would be great, if you choose the company after making good research on it. Wage assignment is something that you really need to be prepared or. There are many lenders who provide the finance furniture bad credit facility only after you sign the wage assignment. This means they have the right to take up your wages, if you fail to pay the loan on time.
However, there are certain advantages that you can enjoy after getting the finance furniture bad credit facility:

Theft Protection

Pay your bill online

Special financing opportunities

Low minimum monthly payments

Use your account for repeat purchases View your statement online

If the furniture store cannot provide you with such facility, then you can apply at the credit union asking them for finance furniture bad credit and at the end, the furniture will be yours.

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Best Way To Decorate The House By Financing The Furniture

It is very tough in today’s economy to buy new furniture. Especially it becomes more difficult for a person with low income to afford the renovation of the house or decorate it with new and stylish furniture. But it does not mean that you cannot make your house look beautiful or you cannot buy the trendy and latest furniture. One of the easiest ways to purchase trendy and decorative furniture is to finance furniture and make it your own. There are many stores that offer the best quality furniture and give you different facilities to finance it.

There are different companies that accept the credit note no matter what your income is and how much you earn. Even if you have a bed credit history, you can still avail the opportunity and the company can give you the furniture on credit. You just have to fulfill their conditions and agree to their terms and conditions. You can also get the furniture on easy monthly installments so that there is no burden on you regarding the payment. The companies and many furniture stores give you the facility to finance furniture for your living room, lounge and can also get individual furniture pieces like the dining table or the bedroom set.

There are some important things that can be taken into consideration while applying for the finance for the furniture. The first thing that the company will see is your previous credit history. So make sure that your credit record id good. Even if you have bad credit history that does not mean that you cannot get benefit from the facility of finance furniture. You can still avail the opportunity but it will be a little harder for you to get it. May be you will have to pay high interest to get the credit if you have a bad credit history record and the loan process will be long for you.

When the credit application is proved then you will be granted with the loan and a plan will be designed for you to make it easy to afford the furniture. The finance plan will be of 12 months or even 72 months depending on the amount of interest and the purchase of the furniture. The finance furniture option is the best one for you if you are going to a new house and are worried about its furnishing and decoration. It will also help you to get furniture for your house without paying more amounts and is the best way to save you from lot of expenses.

You can increase the quality and standard of your life by getting all the necessities of life. Even if you do not have enough money to fulfill your dreams still you can make them real by getting help from the credit financing. And the finance furniture is the most suitable option to make your house fully furnished and beautiful by buying all the latest and modern furniture without having any financial problem.

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How You Will Be Able To Work On The Ways To Finance Furniture With Bad Credit Score?

It is rightly said that you cannot actually in this world without money. You need money for every necessity of life. This is the reason that has given to the concept of business. If you wish to purchase new furniture and you lack financing then do you know the ways to finance furniture with bad credit score? If not then you have come to the right place. You can know about any and every details to finance your next furniture purchase even with bad credit score. But the very first question is about the understanding of basic concept of financing and bad credit score. How your credit score is being calculated? What are the ways to finance furniture for your home?

If you are thinking about financing then it is really easy in current time to get financing for any purchase, any project or anything you want. There are many financial institutions out there that can help you in this regards. But the key thing is to understand their conditions and what they will charge from you in return. You can apply for finance from banks or from any other financial institutions and moreover, you can apply for any kind of financing including mortgage financing, payday financing, credit financing or any other. But they very next question is about your credit score calculation. If you have applied for credit in past then you should be able to calculate your score or at least list some factors influencing your credit score calculation. Your credit score is being calculated upon the factors including your relation with the creditor, your payback period and follow up of payments. If you have paid your last credited loan on time with all due interest then surely it will be good and you can apply for next credit easily. But if not then you will have a bad credit score. There are some important things that can be taken into consideration while applying for the finance for the furniture. The first thing that the company will see is your previous credit history. So make sure that your credit record id good.

If you have a resulted bad credit score then it will not be an easy thing to get your next financing without any guarantee. So, it is necessary that you should know the ways to finance furniture with bad credit score. The key instruments used in this case will be payday loans and mortgage loans. If you don’t know about payday then it is just like a mortgage loan where you are placing your next pay as guarantee for your purchase. It means that you are actually making payment out of your next pay and you have to pay a high interest rate if you will not be able to pay. In case of mortgage financing, you will need to place any sustainable guarantee against financing.

It is really easy to finance furniture with bad credit score if you will use the payday loan instrument. Now every second furniture store is offering this option that you can actually finance your purchase with payday loan. So, you can apply for this instrument. Good luck!

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How to Choose a Car Finance Broker – Some Useful Tips

Financing a car is a very important process and today with the availability of numerous car finance brokers it has become an easy option to get secure car loans. Today these car finance brokers are also playing a vital role in assisting car buyers. In fact, consulting and taking help of car broker can definitely be most appropriate option if you don’t have any clue about what to look at according to your budget. A finance broker is the most experienced personnel and clued-up on how to approach the financiers in a way that can persuade them to approve the loan. They usually have good relations and reputation with the lenders as being reliable, and so they know which lenders are likely to be open to a client.

In general, they act as the key source and offer services such as finding a used or brand new car model that the customer wants and within a budget range. At times, these car brokers even assist car buyers in negotiating with a used car seller. However, these days there are many car finance services and making a proper selection is turning out to be a very complicated process. You need to understand that not all car finance services are fair. Therefore, if you are looking to finance a car or choose a car financing service then here are a few important points that you should keep in mind while making a selection:

Standards

You must confirm whether your car finance consultant or broker is a member of FBAA or COSL or both of these industry associations. While Finance Brokers’ Association of Australia Ltd. (FBAA) is one of Australia’s leading membership bodies for finance broking professionals, the Credit Ombudsman Service Limited (COSL) is an independent organisation that is mainly indulged in handling complaints about finance brokers. You can easily confirm finance consultant’s membership by searching through their member list. Adding to this, WA Finance Broker License is yet another additional requirement for finance brokers serving in Western Australia. Nevertheless, if you are looking for finance broker and residing in the state of WA or other states of Australia, it is essential that the broker must hold a WA Finance Broker License. A broker holding WA Finance Broker License entails passing a comprehensive range of checks, educational requirements and operational requirements.

Accreditation

While selecting a car finance broker also ensure you know about their range of lender accreditations. The range of accreditations held by a broker governs the range of options they can offer. You must note that a broker’s accreditation can not just change the range of finance options available to you, but it may even affect the quality of those options.

Experienced Staff

You must choose car finance service that recruits and retains professional and knowledgeable staff. The broker must be an experienced professional who can demonstrate and explain about why a particular product is highly recommended or even suites your specific circumstance. If possible make sure you even ask for testimonials from previous clients that in turn may help you in the confirmation of their experience.

Services Offered

As mentioned earlier, today there are many finance services available in the market. Therefore, you must find out more about any extra service that a broker can provide. You should expect your finance consultant to supply detailed information about timeframes, and any fees or extra charges related with your finance. The key point is if a broker is being able to clarify the comparison rate of your recommended vehicle finance and the overall cost of your finance package then it is quality sign of a good finance broker.

These are some important points that can help you in choosing your car finance services easily. Today a lot of responsibility goes along with buying a car and taking financial help through car broker. Just taking care of few essential steps can help you select your car broker and further purchase a nice new or used car.

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Car Finance Places You On The Top Gear While Buying A Car

Fast car on open roads. It is a perfect picture for any car enthusiast. But you have to go to your work and also drop your kids to school. This is the real picture for most of us. We need to save time when we don’t have any. A typical individual has so many odd jobs to complete that a car can, without doubt, facilitate their accomplishment. Financing your car doesn’t fit your idea of the way of buying your car; then probably you are still stuck with traditional car buying methods. Shed your inhibitions with regard for car financing because it undoubtedly keeps in mind your financial caliber before furnishing you with a car finance loan.

Car financing has taken a new spin with regard to providing investment for buying a car. So, how do you finance a car? If this question leaves you baffled, then you have to go a long way in the process of buying a car. The term ‘financing’ in relation to buying a car connotes either rendering loan to buy the car or lease the car to you. You are probably concentrating on the former meaning. Many people are in favour of talking car finance from dealership for it seems like a convenient option. It seems easy; you select a car, fill out a credit application, and drive away with your car – all in a day’s work. Car finance through dealership will give you car finance on weekends and even at nights when other banks and credit unions are closed.

Seems convenient, isn’t it? But there is a catch. The dealer will be certainly charging you more for your car finance. Usually car buyers are overcharged by 3% on their car finance. A great number of complaints about car financing are related to dealers. 0% APR is not only attractive but lures the buyers to acquire up car finance not meditating if it is feasible for them. There are very few people who can actually get a 0% APR. Thus car finance deals usually fall midway thereby making car finance experience an extremely distressing one. You are buying a new car and probably for the first time, you certainly want it to compliment your enthusiasm. There are few elementary things that need to be kept in mind before taking that crucial primeval step in car buying.

First and foremost in car buying and financing is checking your credit score before you apply for a car loan. Many people are unaware of the fact that they even have a credit score. You can expediently check your credit score online. So, if you have bad credit history then probably you will be paying more interest rate for your car finance. If your credit score drops below 550, then probably apply for new car finance is not such a good idea. First repair you credit score. Repairing credit score requires little effort, helps you repay your debt and retain your credit report. Online car finance companies can get you car finance loan even if your credit score is lower than required. Your car finance loan can get approved in minutes. Online car finance companies have revolutionized car finance procedure. With lowest online car finance rates, no application fees, or down payments car finance companies provide a formidable competition to car dealers. Car finance companies have set a standard for providing car finance that is worth opting for.

70% of cars are obtained by some kind of financing. You can even finance a used car. The process is as effortless and undemanding as financing a new car. The essence to finding the right car finance is doing to research about your kind of car. Knowledge is power; you must be awake to this age old logic. When so much information frequently exists, then why not make use of it. Find out how much your car costs by comparing rates with local dealers. Very decisive, is cognizing how much, you can afford. Calculate, you monthly income and deduct your usual monthly expenditure to find out how much you can afford on a monthly basis. Compute carefully, otherwise you will find difficulty in repaying your car finance loan. And you definitely don’t want to fool around with your repayment plan because a lot is at stake. You can seek free advice for your own car finance online through credit unions and loan institutions.

You are a car enthusiast, a car consumer, a just a person who needs a car you ought to drive the best car. And why not drive the best car, when you have access to the best car finance plans. Car financing is a transparent route that leads you to become a car owner. Car finance loans are usually short term loans ranging from 36 to 72 months. Shorter loan term imply, lower interest rates and will prove to be cheaper. You have been working hard to select the car you want; there is a fairly good chance that you would not have to work so hard for car finance. So, sit back relax and enjoy the ride.

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Finance, Credit, Investments – Economical Categories

Scientific works in the theories of finances and credit, according to the specification of the research object, are characterized to be many-sided and many-leveled.

The definition of totality of the economical relations formed in the process of formation, distribution and usage of finances, as money sources is widely spread. For example, in “the general theory of finances” there are two definitions of finances:

1) “…Finances reflect economical relations, formation of the funds of money sources, in the process of distribution and redistribution of national receipts according to the distribution and usage”. This definition is given relatively to the conditions of Capitalism, when cash-commodity relations gain universal character;

2) “Finances represent the formation of centralized ad decentralized money sources, economical relations relatively with the distribution and usage, which serve for fulfillment of the state functions and obligations and also provision of the conditions of the widened further production”. This definition is brought without showing the environment of its action. We share partly such explanation of finances and think expedient to make some specification.

First, finances overcome the bounds of distribution and redistribution service of the national income, though it is a basic foundation of finances. Also, formation and usage of the depreciation fund which is the part of financial domain, belongs not to the distribution and redistribution of the national income (of newly formed value during a year), but to the distribution of already developed value.

This latest first appears to be a part of value of main industrial funds, later it is moved to the cost price of a ready product (that is to the value too) and after its realization, and it is set the depression fund. Its source is taken into account before hand as a depression kind in the consistence of the ready products cost price.

Second, main goal of finances is much wider then “fulfillment of the state functions and obligations and provision of conditions for the widened further production”. Finances exist on the state level and also on the manufactures and branches’ level too, and in such conditions, when the most part of the manufactures are not state.

V. M. Rodionova has a different position about this subject: “real formation of the financial resources begins on the stage of distribution, when the value is realized and concrete economical forms of the realized value are separated from the consistence of the profit”. V. M. Rodionova makes an accent of finances, as distributing relations, when D. S. Moliakov underlines industrial foundation of finances. Though both of them give quite substantiate discussion of finances, as a system of formation, distribution and usage of the funds of money sources, that comes out of the following definition of the finances: “financial cash relations, which forms in the process of distribution and redistribution of the partial value of the national wealth and total social product, is related with the subjects of the economy and formation and usage of the state cash incomes and savings in the widened further production, in the material stimulation of the workers for satisfaction of the society social and other requests”.

In the manuals of the political economy we meet with the following definitions of finances:
“Finances of the socialistic state represent economical (cash) relations, with the help of which, in the way of planned distribution of the incomes and savings the funds of money sources of the state and socialistic manufactures are formed for guaranteeing the growth of the production, rising the material and cultural level of the people and for satisfying other general society requests”.
“The system of creation and usage of necessary funds of cash resources for guarantying socialistic widened further production represent exactly the finances of the socialistic society. And the totality of economical relations arisen between state, manufactures and organizations, branches, regions and separate citizen according to the movement of cash funds make financial relations”.
As we’ve seen, definitions of finances made by financiers and political economists do not differ greatly.
In every discussed position there are:

1) expression of essence and phenomenon in the definition of finances;

2) the definition of finances, as the system of the creation and usage of funds of cash sources on the level of phenomenon.

3) Distribution of finances as social product and the value of national income, definition of the distributions planned character, main goals of the economy and economical relations, for servicing of which it is used.

If refuse the preposition “socialistic” in the definition of finances, we may say, that it still keeps actuality. We meet with such traditional definitions of finances, without an adjective “socialistic”, in the modern economical literature. We may give such an elucidation: “finances represent cash resources of production and usage, also cash relations appeared in the process of distributing values of formed economical product and national wealth for formation and further production of the cash incomes and savings of the economical subjects and state, rewarding of the workers and satisfaction of the social requests”. in this elucidation of finances like D. S. Moliakov and V. M. Rodionov’s definitions, following the traditional inheritance, we meet with the widening of the financial foundation. They concern “distribution and redistribution of the value of created economical product, also the partial distribution of the value of national wealth”. This latest is very actual, relatively to the process of privatization and the transition to privacy and is periodically used in practice in different countries, for example, Great Britain and France.

“Finances – are cash sources, financial resources, their creation and movement, distribution and redistribution, usage, also economical relations, which are conditioned by intercalculations between the economical subjects, movement of cash sources, money circulation and usage”.
“Finances are the system of economical relations, which are connected with firm creation, distribution and usage of financial resources”.

We meet with absolutely innovational definitions of finances in Z. Body and R. Merton’s basis manuals. “Finance – it is the science about how the people lead spending `the deficit cash resources and incomes in the definite period of time. The financial decisions are characterized by the expenses and incomes which are 1) separated in time, and 2) as a rule, it is impossible to take them into account beforehand neither by those who get decisions nor any other person” . “Financial theory consists of numbers of the conceptions… which learns systematically the subjects of distribution of the cash resources relatively to the time factor; it also considers quantitative models, with the help of which the estimation, putting into practice and realization of the alternative variants of every financial decisions take place” .

These basic conceptions and quantitative models are used at every level of getting financial decisions, but in the latest definition of finances, we meet with the following doctrine of the financial foundation: main function of the finances is in the satisfaction of the people’s requests; the subjects of economical activities of any kind (firms, also state organs of every level) are directed towards fulfilling this basic function.

For the goals of our monograph, it is important to compare well-known definitions about finances, credit and investment, to decide how and how much it is possible to integrate the finances, investments and credit into the one total part.

Some researcher thing that credit is the consisting part of finances, if it is discussed from the position of essence and category. The other, more numerous group proves, that an economical category of credit exists parallel to the economical category of finances, by which it underlines impossibility of the credit’s existence in the consistence of finances.

N. K. Kuchukova underlined the independence of the category of credit and notes that it is only its “characteristic feature the turned movement of the value, which is not related with transmission of the loan opportunities together with the owners’ rights”.

N. D. Barkovski replies that functioning of money created an economical basis for apportioning finances and credit as an independent category and gave rise to the credit and financial relations. He noticed the Gnoseological roots of science in money and credit, as the science about finances has business with the research of such economical relations, which lean upon cash flow and credit.
Let’s discuss the most spread definitions of credit. in the modern publications credit appeared to be “luckier”, then finances. For example, we meet with the following definition of credit in the finance-economical dictionary: “credit is the loan in the form of cash and commodity with the conditions of returning, usually, by paying percent. Credit represents a form of movement of the loan capital and expresses economical relations between the creditor and borrower”.

This is the traditional definition of credit. In the earlier dictionary of the economy we read: “credit is the system of economical relations, which is formed while the transmission of cash and material means into the temporal usage, as a rule under the conditions of returning and paying percent”.
In the manual of the political economy published under reduction of V. A. Medvedev the following definition is given: “credit, as an economical category, expresses the created relations between the society, labour collective and workers during formation and usage of the loan funds, under the terms of paying present and returning, during transmission of sources for the temporal usage and accumulation”.

Credit is discussed in the following way in the earlier education-methodological manuals of political economy: “credit is the system of money relations, which is created in the process of using and mobilization of temporarily free cash means of the state budget, unions, manufactures, organizations and population. Credit has an objective character. It is used for providing widened further production of the state and other needs. Credit differs from finances by the returning character, while financing of manufactures and organizations by the state is fulfilled without this condition”.

We meet with the following definition if “the course of economy”: “credit is an economical category, which represents relations, while the separate industrial organizations or persons transmit money means to each-other for temporal usage under the conditions of returning. Creation of credit is conditioned by a historical process of fulfilling the economical and money relations, the form of which is the money relation”.

Following scientists give slightly different definitions of credit:
“Credit – is a loan in the form of money or commodity, which is given to the borrower by a creditor under the conditions of returning and paying the percentage rate by the borrower”.
Credit is giving the temporally free money sources or commodity as a debt for the defined terms by the price of fixed percentage. Thus, a credit is the loan in the form of money or commodity. In the process of this loan’s movement, a definite relations are formed between a creditor (the loan is given by a juridical of physical person, who gives certain cash as a debt) and the debtor.
Combining every definition named above, we come to an idea, that credit is giving money capital of commodity as a debt, for certain terms and material provision under the price of firm percentage rate. It expresses definite economical relations between the participants of the process of capital formation. Necessity of the credit relations is conditioned, from one side, by gathering solid quantity of temporarily free money sources, and from the second side, existence of requests of them.

Though, at the same time we must distinguish two resembling concepts: loan and credit. Loan is characterized by:

o Here, the discussion may touch upon transmission of money and also things form one side (loaner) to another (borrower): a)under the owning of the borrower and, at the same time, b) under the conditions of returning same amount or same quantity and quality of the things;

o The loaning of money may bear no interest;

o Any person may take part in it.
With the difference with loan, credit, which is somehow a private occasion of the loan, represents:

o One side (loaner) gives to the second one (borrower) only money, and _ for temporal usage;

o It may not bear no interest (if the assignment doesn’t foresee something);

o In it creditor is not any person, but a credit organization (at the first place, banks).
So, a credit is the bank credit. To our mind, it is not correct to use “credit” and “loan” as the synonyms.
Banking crediting is the union of relations between bank (as a creditor) and its borrower. These relations touch upon:

a) Giving a certain amount of money to the borrower for definite purpose (though, we meet with the so-called free credits, aims and objects of crediting are not appointed in the assignment);

b) Its opportune returning;

c) Getting percentage rate from the borrower for using the sources under his/her disposal.
The essential foundation of the credit essence and its important element is existence of trust between the two sides (in Latin “credo”, from which comes the word “credit”, means “trust”).
From the position of circulation of money forms (in the abstraction, historical process of formation economical relations and social budget and banking systems expressed by them) comparing different definitions of finances and credit, the paradox conclusion appears: credit is the private occasion of finances. And truly, from the position of movement of the money forms, finances represent the process of formation and usage of the funds of cash means. Very often such movements are fulfilled without returning, but sometimes, it is possible to give loans from the budget for the investment projects of other needs. Also, when a manufacture or corporations use their cash funds and we mean the finances of industrial subject, such usage may be realized as inside the manufacture or corporation (there is no subject about returning or not returning of the usage), so gratis under conditions of returning. This latest is called commercial form because of transmitting the sources to others, but even in this occasion, it is the element of financial system of the manufacture and corporation.

From the point of cash means movement, main character of credit is the process of formation and usage of the funds of cash means under the conditions of returning and, as a rule, taking the value-percentage. If gating the credit value doesn’t take place (even in the exceptional occasions), according to the movement form, credit becomes a private occasion of finances, as from the net financial funds (consequently from the state budget) the loans which bear no interests may be used. If gating credit value takes place, by the appearance form, credit is discussed to be financial modification.

From the historical point of view, finances (especially in the sort of the state budget) and credit (beginning with usury, later commercial and banking) were developing differently for considering credit to be the part of finances. Though, from the genetic-historical point of view, previous loaners, before giving loan, needed gathering the permanent capital not returning, that is the net financial foundation. The banks analogously needed concentration of the important own capital for influxing the consumers’ means and for getting higher percentage rate under the conditions of returning. Herewith, exactly on the financial basis, in the sort of financial fund (which later partially becomes loan fund) part of the bank capital appears to be the reservation (insurance) part of the fund, which by nature is financial and not loan. So notwithstanding the essential distinctions between finances and credit form the genetic-historical point of view, credit appears to be formed from finances and represent their modification.

From the essential position of expressing economical relations of finances and credit, we meet with cardinal distinctions between these two categories. Which mostly expressed by the distinction of the movement forms notwithstanding they are returnable or not. Finances express relations in the aspects of distribution and redistribution of social product and part of the national wealth. Credit expresses distribution of the appropriate value only in the section of percentage given for loan, while according to the loan itself, a only a temporal distribution of money sources takes place.
Herewith, there is a lot of common between the finances and credit as from the essential point of view, so according to the form of movement. At the same time, there is a significant distinction between finances and credit as in the essence, so in the form too. According to this, there must be a kind of generally economical category, which will consider finances and credit as a total unity, and in the bounds of this category itself, the separation of the specific essence of the finances and credit would take place.

Funding of the cash means is common to the researched economical categories. It takes place in any separate system of finances and credit, which have been touched upon during the analyses of defining finances and credit. Word combination “funding of the cash sources (fund formation)” reflects and defines exactly essence and form of economical category of more general character, those of finances and credit categories. Though in the in economical texts and practice, it is very uncomfortable to use a termini, which consists of three words. Also, “unloading” with an information hardens greatly its influxing into the circulation even in the conditions of its strict substantiation and thoroughness.
In the discussing context we consider:

1) wide and narrow understanding of economical category of the finances;

2) discussing finances in narrow understanding under general traditional meaning;

3) discussing finances, as funding of the cash means, in wide understanding, which concerns finances – in narrow meaning and credit – in complete meaning.
Termini “funding” and its equivalent “fund formation” are used by us as the purposeful structuring of cash means, which is based on two poles – accumulation of money sources (gathering) and its usage for definite purpose in the way of financing and crediting.
We have established a new termini – “finance-investment sphere” (FIS). Analyses about interrelation of finances and credit made by us give us an opportunity of proving, that in the given termini, the word “financial” is used with the meaning of funding cash sources, its purposeful structuring. In this process we consider at the same time financial, credit and investments’ economical categories.

Let’s sum up middle results of discussing new concept – “finance-investment sphere” and discuss its investment consisting parts.

The concept “investments” was brought into the native economical science from the West. In the Soviet economical science they for a long time used in the place “investments” the termini “capital placement”, which expressed the usage of the industrial factors in the sphere of real industrial activities during realization of capital projects. From one glance, this termini in its concept is identical to the “investments”, consequently it is possible to use them as synonyms. Though the termini “investments” and “investing” have the advantage towards the termini “capital placement” from linguistic and philological points of view, because they are expressed with one word. This is not only economical and comfortable in the process of working with the termini “investment” itself, but also it gives an opportunity of termini formation. More concretely: “investment process”, “investment domain”, “finance-investment sphere” – all these termini are much more acceptable.
Changing native economical termini with foreign ones is purposeful, if it really matters (by keeping parallel usage of the native termini for the inheritance). Though we must not change native economical termini into foreign ones all together, when by ordinal traditional language easy to explain private and narrow concrete processes and elements get their own termini. The “movement” of these termini is approved in the narrow professional bounds, but their “spitting out” into the economical science may turn economical language into the tangled slang.

Let’s discuss termini – “investment” and “capital placement’s” usage in the economical literature.
Investments are placement of funds into the main and circulation capital for the purpose of getting profit. “Investments in material assets – are the placements of funds into the mobile and real estate (land, buildings, furniture and so on). Investments in financial assets are the placements of funds into the securities bank accounts and other financial instruments”.

We don’t meet with the termini “investments” in the earlier economical dictionary, but we meet the combined termini “investment policy” – the union of the industrial decisions, which guarantee main directions of the capital investments, the activities of their concentration in the determinant suburbs, on which the reaching of planned rates of development of the society production is depended, balancing and effectiveness, getting more and more production and profit of the national income for every lost Ruble”. For today, in the most actual definitions, the capital investments are bounded only by financial means, when not only financial, but also the investment of natural, material-technical and informational resources takes place. Labour resources take an actual place in the investment process. They themselves fulfill this or that investment process.

A positive side of the discussed definitions is that they connect investment policy and capital placements (investments):

– economical development according to the key directions to the concentration;

– providing high rates of economical growth;

– raising an economical effectiveness, which is expressed:

a) by growing the throw off of the production and national income for every lost Ruble;

b) by fulfilling the branch structure of the investments;

c) by improving their technological structure;

d) by optimization of their further production structure.

Compared with such definition of the investments (capital placement) the definition of investments in the dictionary attaching the “Economics” seems to be unimproved: “investments – the expenses of gathering production and industrial means and increasing material reserve”. In this definition current expenses (production expenses) are mixed with the investment (capital) expense. Also, not the investment expenses but (though the investments are followed by the appropriate expenses) exactly advancing. It differs from the expenses by that the means (means) are put by returning the advanced values, also, under the conditions of growth, to which the concept-advanced capital is corresponding. the advancing may be realized in the money, natural-material and informational forms.

Except the termini “investments”, there are two more termini related with the investment. They are shown below.

“Human capital investment” – any activity provided for rising the workers labour productivity (in the way of growing their qualification and developing their abilities); at the expenses of improving the workers’ education, health and raising the mobility of the working forces”. It is very useful to use the mentioned termini, though it needs one correction: the human capital investments do not concern only workers, but also the servants, representatives of every kind of labour.
“Investment commodity, capital goods – a capital.”

In the official manuals of political economy of the reformation time the capital investments are discussed as “expenses for creating new main funds and widening, reconstruction and renewing the active ones”. In this definition the investments (capital placements) during separation of the forms (types) of further production of the main funds are bounded only by main funds (without increases of the circulation funds and insurance reserves):

a) creating new ones;

b) widening;

c) reconstruction;

d) renewing.

Also, the concept of the industrial gathering appears, at the expenses of widening of basic, circulation funds and also insurance reserves takes place”.

You’ll meet below the definitions of investments from “the course of economy”: the investments are called “placements of fund into the basic capital (basic means of production), reserves, also other economical objects and processes, which request long-termed influxing of material and cash means. “According to the division of capital into physical and money forms, the investments too must be divided into material and cash investments”.

They apportion investment commodity, to which belong industrial and nonindustrial building objects, vehicles purposed for changing or widened technical park and the furniture, increasing reserves and others.

“They call the total investments of production an investment product, which is directed towards keeping and increasing the basic capital (basic means) and reserve. Total investments consist of two parts. One of them is called the depreciation; it represents important investment resources for compensation of renewal till the level of before industrial usage, wearing out and repairing of the basic means. Second consisting part of the total investments is represented by net investments – capital investments for the purpose of increasing basic means”. Depreciation is not a compensation resource of wearing the basic funds out, but it is the purposeful financial source of such resources.
Human capital investment is “a specific kind of investments, mostly in education and health protection”.

“Real investments are the investments in the economical branches and also, they are kinds of economical activities, which provide influxing the increases of real capital, that is increasing material values of the industrial means”. We can agree with such definition with one specification that material and nonmaterial values too belong to the real capital (wealth), consequently science-researching experimental-construction results, various information, education of he workers and others. Such service as organization of the excitable games, also the service of redistribution social wealth from one private person to another (except charity).

“Financial investments represent placement of funds into the shares, obligations, promissory notes, other securities and instruments. Such investments, of course, do not give increases of the real material capital, but they help getting profit, consequently at the expenses of changing the course of the securities in the time of speculation, or distinguishing the course in different places of sell and purchasing”. We share wholly such definition, hence it follows that financial investments (if it is not followed by real investments as a result) do not increase real material wealth and real nonmaterial wealth. According to this context, the expression below is very important: “we must distinguish financial investments, which represent placement of the funds in the ways of selling and purchasing the securities for the purpose of getting profit and financial investments, which become cash and real, moved to real physical capital.”

In the “economical course” quoted before long and short-termed investments are separated. Recognizing the existence of the bounds between them, the authors ascribe short-termed investments to “one month or more” investments. If we get such conditioned criteria, that we can call the investments which overcome the terms of some months, long-termed ones, which is very doubtful and we don’t agree with it. A long-termed character of the fund placement is a significant feature of the investments (short-term doesn’t combine with the concept of investments). Principally, it would be better to point out quick compensative, middle termed compensative and long-termed compensative investments:

– less then 6 months – quick compensative;

– from 6 months up to the year and a half – middle termed compensative;

– more then the year and a half – long termed compensative.

We stopped at the definition of the investments in the capital work “economical course” for the special purpose, as, in it the author tried to discuss the concept of investments systemically and quite completely, herewith the book is published just now.

We’ll return to the discussion the definition economical category of “investments” in different publications in the following chapter. The definitions given here are quite enough for having a notion of the level of lighting up the given category in the economical literature.
What conclusions may be made according the definition of the mentioned economical category in the published works, except the made notions and specifications?

There is quite deeply, concretely and thoroughly defined the concept of “investments”, different definitions in the economical literature; but mostly in every works about the investments discussed by us until now, there is not opened the essence of investments as an economical category. In every monograph , even if it has a title investment, as an economical category , there is given only the definition, concept of investments. But, as the Academician Vasil Chantladze explains, “a concept is a discussion, which proves something about the distinguishing feature of the researched object. A concept out of much essential characteristic features represents only one, and essential in it is only – definition”.

But the categories are much wider; it is “a key, the most fundamental concept of every science”. Economical categories theoretically represent real, objectively existed productive relations. A category is the defining of occasions of existed characters, connections, relations of the objective world. Generally, any educational process is fulfilled by the categories, which give opportunities for dividing the processes and occasions semantically, for expressing the definitions of a subject and realize their specific peculiarities and economical relations of a material world.
Our goal is exactly to substantiate investments – as an economical category and also, as a financial category in the narrow understanding.

Here we apply for another manual thesis made by the academician Vasil Chantladze: “every financial relation is an economical one and every financial category is and economical one, but not every economical relation and economical category is financial relation and financial category”.
In the process of defining the investments, it is important to take in mind the sides of resources, expenses and incomes, because investment, from one side, is the result of the manufacture’s activity, and, from another one, – a part of income, which, in this case, is not used for usage.
Another occasion: it is advisable to discuss investments in two aspects: as a category of reserve and flow, which will reflect exactly the connection between “placement of funds” and “investments”.

As we’ve mentioned above, not long ago, in the well-known Soviet literature the concepts of “the placement of funds” and “investments” were accepted to be the synonyms and concerned to be investment of sources for further production of the main funds and formation of the turnover funds. We meet with such understanding of the concept of “investment” (here, they separate three types of the investment expenses: investments in the basic capital of investments, investments in the house building and investments in the reserves) in the modern economical publications and it is mostly used on the macro level during a statistical analyze of economical processes. In this concrete occasion investment is the category of reserve.

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