Share resource: 4 An easy way to fund a pool when you look at the 2022

Share resource: 4 An easy way to fund a pool when you look at the 2022

Just how to money a pool come early july

There is certainly nothing ideal during summer days than simply which have your own garden pond. Unfortunately, setting up a keen inground share can cost you more than $50K on average.

Thankfully, yes, there are many an effective way to pay money for a swimming pool. Here are the ideal pool investment options to think of this seasons.

Four pond money choice

Without having money on give to build a pool, there are a selection out-of money choices that can assist. Continue reading “Share resource: 4 An easy way to fund a pool when you look at the 2022”

What is sustainable and why does this matter?

What is sustainable and why does this matter?

There was no set list of checks a lender needed to complete. But the checks should have been proportionate to the circumstances of each loan – which might include considerations about the amount borrowed and the prospective borrower’s borrowing history. Section 4.12 of the Irresponsible Lending Guidance gave examples of the types and sources of information a lender might want to consider. In 2011 an assessment of creditworthiness also came into force in the CCA.

The Financial Conduct Authority (FCA)

The FCA took over the regulation of consumer credit from the OFT in . The Consumer Credit Sourcebook (CONC), part of the FCA’s handbook refers to various sections of the OFT Irresponsible Lending Guidance.

CONC is clear about the need to complete a “creditworthiness assessment”, considering the potential for the lending commitment to “adversely impact the consumer’s financial situation”. (CONC R 5.2.1 (2)). CONC replaced the sections of the CCA highlighted above.

CONC 5.2.3 [G] outlines that the assessment the lender needs to complete should be dependent on, and proportionate to, a number of factors – including the amount and cost of the credit and the consumer’s borrowing history. CONC 5.2.4 [G] provides guidance on the sources of information a lender may want to consider as part of making a proportionate assessment. And CONC rules specifically note and refer back to sections of the OFT’s Irresponsible Lending Guidance.

Reasonable and proportionate checks

There has never been a “set list” of checks that lenders needed to carry out. But given the relevant law and regulation, regulators’ rules, guidance and standards, codes of practice, and what we consider to be good industry practice at the time we’d typically reach the view that a reasonable and proportionate check would usually need to be more thorough:

  • the lower a customer’s income (reflecting that it could be more difficult to make any loan repayments to a given loan amount from a lower level of income);
  • the higher the amount due to be repaid (reflecting that it could be more difficult to meet a higher amount from a particular level of income);
  • the longer the term of the loan (reflecting the fact that the total cost of the credit is likely to be greater and the customer is required to make payments for an extended period); and
  • the greater the number and frequency of loans, and the longer the period of time during which a customer has been given loans (reflecting the risk that repeated refinancing may signal that the borrowing had become, or was becoming, unsustainable). Continue reading “What is sustainable and why does this matter?”

If you can follow a recipe or apply for a loan, you can learn basic accounting

If you can follow a recipe or apply for a loan, you can learn basic accounting

The Basics

If you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. The basics aren’t difficult and they aren’t rocket science.

This brochure is designed to help you gain a basic understanding of how to read financial statements. Just as a CPR class teaches you how to perform the basics of cardiac pulmonary resuscitation, this brochure will explain how to read the basic parts of a financial statement. It will not train you to be an accountant (just as a CPR course will not make you a cardiac doctor), but it should give you the confidence to be able to look at a set of financial statements and make sense of them.

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“Show me the money!”

We all remember Cuba Gooding Jr.’s immortal line from the movie Jerry Maguire, “Show me the money!” Well, that’s what financial statements do. They show you the money. They show you where a company’s money came from, where it went, and where it is now.

There are four main financial statements. They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders’ equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time. Continue reading “If you can follow a recipe or apply for a loan, you can learn basic accounting”