| Subject | Date Asked | Expert |
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| Factoring/Account Receivable Financing for small business. | 9/3/2008 | Finance Guy |
Q: Finance Guy, Hi there! I am wondering if you can tell me how to go about finding a reputable ...
A: Reputation is in the eye of the customer. A lot of horror stories out there about over charges, ...
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| Business Math | 8/25/2008 | Finance Guy |
Q: I understand there is a difference between (ordinary interest) and (exact interest), but I don't ...
A: As you can probably understand, we are not allowed to solve homework problems for people, but the ...
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| CFA vs MFin | 8/21/2008 | Finance Guy |
Q: Actually, what is the difference between CFA and Master in Finance (MFin) in terms of financial ...
A: You did not say what your undergrad was in. Assuming it was a generic business degree, I think I ...
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| Which loan to pay off first? | 8/10/2008 | Finance Guy |
Q: I just acquired $20K for selling my business. I graduate college in 1 year. I'm paying for college ...
A: The first rule of giving advice is similar to the Hippocratic oath, "first do no harm". I would ...
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| Payoff for Auto Loan | 8/5/2008 | Finance Guy |
Q: Our non-profit agency purchased two handicapped vans to transport disabled persons. We are closing ...
A: This is outrageous, even for finance companies who are notorious for low standards of ethics. ...
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| Motorcycle Finance | 8/3/2008 | Finance Guy |
Q: Ok so I applied for this loan once 6 months ago at my CU and was denied (it was for 6500 dollars), ...
A: Unless you are buying the bike from a very motivated buyer and are sure you can seel it in a year at ...
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| Motorcycle Finance | 8/3/2008 | Finance Guy |
Q: Ok so I applied for this loan once 6 months ago at my CU and was denied (it was for 6500 dollars), ...
A: You might be. Actually, for your sake I hope you are not. You have only had your job for 3 months, ...
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| Personal loan | 8/2/2008 | Finance Guy |
Q: Alright, we got a personal loan in 2007. This is the figures. Annual Percentage Rate 36.39%. ...
A: Debbie, I really can't. You have too many variables here. I took it as far as the first ...
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| Numerous fees | 7/25/2008 | Bobbi Buehl |
Q: My home loan was sold on 6/1/08 since then the new company has tacked on 3 late fees and a corporate ...
A: No, it is not legal! Contact the Bank who has you loan and explain what has happened and ask them to ...
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| Purchasing an existing Auto parts store | 7/21/2008 | Finance Guy |
Q: I would like to purchase an established and profitable auto parts store how do I how do I get ...
A: Of course a partner can put up equity and that will help you to have more capital available. More ...
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| Loan to future husband | 7/13/2008 | Finance Guy |
Q: I am in the process of making a 7% loan to my future husband for the purpose of paying off his ...
A: My first question is why? Why are YOU playing banker? A lot of things could happen to your ...
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| sell gas station business | 6/25/2008 | Trish Hullen |
Q: I have a SBA 504 loan for a gas station business and property. I am about to close on the sale the ...
A: John, The loan documents you signed most likely has language that makes it an event of default in ...
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| Payday Loan | 6/23/2008 | Bobbi Buehl |
Q: I live in Ohio and have defaulted on a payday loan. Collectors keep calling me and threatening ...
A: I can't give you legal advise, but I can tell you this. If you defaulted on a payday loan, go to ...
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| Sosigner on loan | 6/17/2008 | Finance Guy |
Q: I own a piece of property with my 2 sisiters. My younger sister and I cosigned a personal loan for ...
A: I am not an attorney, but know of no way that you can remove her without her permission. Keep track ...
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| Get A loan | 6/16/2008 | Finance Guy |
Q: I have a business plan. I just need a large amount to buy equipment. It is well servicing. I need ...
A: Banks, finance companies, leasing companies can all easily finance this amount. The question is ...
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| Audit danger? | 6/15/2008 | Finance Guy |
Q: I heard that the works of an auditor comes with danger including being threaten and even murdered to ...
A: Maybe if you take a job with the Mafia... Perhaps in some very extreme and rare cases, this could ...
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| Auto loan | 6/10/2008 | Finance Guy |
Q: Is it advisable to take a loan from my 401k to buy a used car worth under 10,000$? What other way ...
A: Relatives, friends, neighbors... for a low interest rate car loan. Also, try a credit union. Next ...
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| mortgage payment raise | 6/9/2008 | Bobbi Buehl |
Q: recently my mortgage payment went from roughly $1127 to $1650 after an escrow re-analyzation. the ...
A: Unfortunately, you are going to have to pay the back taxes. What I would suggest is this; take out a ...
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| What would you do? | 6/9/2008 | Finance Guy |
Q: If you were able to go back time, what would you do different, financially and career-wise, that ...
A: A complete answer would require a book... Simply, listen more to the wisdom that my parents tried ...
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| Being a Financial Analyst? | 6/8/2008 | Finance Guy |
Q: How far can a person go in this world by being proficient in financial analysis? I am not but ...
A: Dennis kozlowski, remember him? Chairman and CEO of Tyco, International, a $100 billion market cap ...
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| Interest on Bond | 6/6/2008 | Finance Guy |
Q: How can I check that I am being charged the correct amount of interst on my bond account
A: If you are Canadian, then you can easily verify that the amount deducted from your pay has been ...
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| Accounting fraud? | 6/3/2008 | Finance Guy |
Q: Is there a possibility where a corporate borrower, realizing that banks evaluate it's accounts ...
A: Sure, but it goes deeper than ratios. Corporations have inflated the value of assets, refused to ...
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| Salary woe? | 6/1/2008 | Finance Guy |
Q: Will the salary of a manager/exec involved in marketing/managing/approving loans for project ...
A: Typically, the greater degree of difficulty, the more education required, the larger the dollars ...
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| Standard Loan | 5/31/2008 | Finance Guy |
Q: I'm trying to check something out on my loan. It appears that the loan office has messed up. On ...
A: At 23.46% interest, your first payment of $100.00 should have had $20.12 applied to interest and ...
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| Banker vs Broker? | 5/29/2008 | Finance Guy |
Q: I'm not sure if you know these, but... In terms of income and career advancement, which of these 2 ...
A: Wow... I take it you wouldn't settle for an "it depends" answer, right? First, if you make a ...
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| Rescheduling & Provisioning | 5/28/2008 | Finance Guy |
Q: 1. What's the meaning of rescheduling credit facilities? Can you give me a real-life example? 2. ...
A: "Rescheduling" is simply the alteration of the terms and conditions of a loan agreement by either ...
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| add on interest | 5/26/2008 | Finance Guy |
Q: what is the diffence between the interest mechanics of add on interest and rule 78?
A: Rule of 78ths, is a method of calculating interest that "earns" most of the interest for the lender ...
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| Auto Lease Disposition Fee | 5/21/2008 | Finance Guy |
Q: Are companies permitted to charge sales tax on auto lease disposition fees? If so, any idea where I ...
A: for more see: http://www.leaseguide.com/lease09.htm Lease Fees and Taxes In car leasing, as in ...
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| pay off co-owners of land | 5/16/2008 | Finance Guy |
Q: I am a co-owner of 1 acre of land with two siblings. They want to sell now, I don't. I want to own ...
A: 1 acre for $90K? Sounds high in this kind of market. How much money do you have to put down? ...
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| bank on yourself-? | 5/15/2008 | Finance Guy |
Q: Recently I've heard alot about a strategy known as "banking on yourself", and in doing a brief ...
A: Bank On Yourself OK, what is up with this link: Bank On Yourself Is this some sort of scam, or is ...
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| loc obtained new business, partner left | 5/13/2008 | Finance Guy |
Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
A: Sorry, did not realize that you were in Canada, ay... OK, what I would do, (IF YOU HAVE A GOOD ...
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| loc obtained new business, partner left | 5/13/2008 | Finance Guy |
Q: Our 2 year old business obtained a line of credit thru the bank as a Small Business finance option. ...
A: I will give you a finance guy and business guy's perspective/opinion. First, the bank will probably ...
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| finance (mergers) | 5/4/2008 | Finance Guy |
Q: is it possible to form a profitable company by merging two business failure companies?
A: Possible, but not likely... It all depends on the reasons that the two companies are failing. If ...
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| finance (liquidation) | 5/4/2008 | Finance Guy |
Q: why do liquidation usually result in losses for the creditors or the owners or both?
A: This sounds like a homework question, but I will give you the benefit of the doubt... Simply ...
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| advice | 5/2/2008 | Finance Guy |
Q: my boss owns a moving compayn, and he wants me to buy it in the near future. i am 23 years old and ...
A: This may be a great opportunity for you, if it is a good business and you can transition from an ...
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| shelf corporations | 5/1/2008 | Finance Guy |
Q: I presently own a business and have received some loans but they required guarantors. We were told ...
A: You are wiser than the supposed consultants... I agree completely. The shelf corporations are only ...
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| The Bank Says I still Owe Money | 4/30/2008 | Bobbi Buehl |
Q: I recently re-financed my home loas (1st and 2nd). Both loans show on the bank's website as "PAID ...
A: Yes, you do need to pay it off!! If you don't pay it off now, someday when you need to refinance ...
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| Co-signing | 4/30/2008 | Finance Guy |
Q: My son co-signed for a roommate for a loan to finance a motorcycle. He knows the roommate is late ...
A: This is something my son would do, just that perfect combination of naivete and good heartedness... ...
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| co-signing a mortgage with my sister | 4/30/2008 | Bobbi Buehl |
Q: My husband and I own a house that is for sale in one state and have moved to another and are ...
A: Is the reason you aren't buying the house yourself due to the fact you have another home? If so, all ...
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| Home Equity/ Line of Credit | 4/22/2008 | Finance Guy |
Q: I have a mortgage on my current home, right now I am looking to get something bigger and have found ...
A: Typically, at least now, banks will not loan you 100% of the value of your property. Simply go to ...
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