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February 2012 - Posts

Monday, February 27, 2012 10:14 AM

B. The Scarlet Letter. Branded?

Once your credit file receives this information, the world then knows that you are infected, and the guards, Fair and Isaac, will not allow you in the good credit pool, at least not for a while.( Up to seven years or more.) There are a number of ways
posted by Danforaloan | 0 Comments
Saturday, February 11, 2012 11:59 AM

Student Loans

Some years ago, my brother was involved with recruiting MD's for the 'doc in a box' craze in our country at the time. His most fertile area was in foreign countries where it appeared the subject would flee to avoid payment of these humongous loans. One
posted by Danforaloan | 0 Comments
Saturday, February 11, 2012 10:49 AM

'Impending Financial Doom'

Sounds sinister I know, but it is a shame for a great idea to be washed down the drain with faulty financial practices. Many times the owner is last to know due to the 'rose colored glasses' syndrome. When the situation seems dire, the old 'split and
posted by Danforaloan | 0 Comments
Wednesday, February 08, 2012 11:11 AM

Guerrilla Accounting - Revolving/Open account payables

You probably would not be surprised at the percentage of small businesses that open without a game plan, pro forma, forecast, etc.. Having said that, some of the strangest situations have worked out because of ideas, guts, luck, economy, so on and so
posted by Danforaloan | 0 Comments
Monday, February 06, 2012 3:59 PM

Guerrilla Accounting/Reorganizations

When the BB's (Big Box) retailers come to town the M&P's (Mom and Pops) thin out considerably and many wind up in reorganization or CH 7. Of course the main reason is price or leverage. The BB's suppliers (who also may supply the M&P's) give the BB so
posted by Danforaloan | 0 Comments
Friday, February 03, 2012 3:40 PM

Guerrilla Accountant

Establishing credibility in the business world or with employers can be difficult without degrees. My first employment was with a Loan company and I became a credit grantor right away. My next job was basically the same with a furniture company except
posted by Danforaloan | 0 Comments