| First Credit Correction Service Opens Its Doors For Business
Up to 79 percent of all credit reports contain inaccurate information. Odessa, Texas (Web.com/PRWEB ) November 18, 2007 -- First Credit Correction Service opens its doors for business. First Credit Correction Service Newsletter:
The general public may not be aware that one in four credit reports are so inaccurate that they are declined credit. Everything in today's world is based off credit reports. Things such as getting a mortgage, a car loan, a credit card, a bank loan or even an apartment lease to other things as small as getting a cell phone and in some cases, even employers will look at credit reports when deciding to give someone a job. Many times when a person has paid off a credit card or loan only to apply later in life for a new loan, the same item still shows a balance.
Extending credit can be risky
While many small businesses could not exist without extending credit, it is a high-risk venture for the business owner. Why? It deals with the limited amount of ready cash that remains in the business at any one time. The more outstanding debt, the less cash in hand. If you plan to offer credit, manage the process carefully. A cash-flow analysis is necessary to assure you will not run out of cash when extending credit. Vendor payments and operating expenses must be met while awaiting payment from customers. Often businesses will offer a cash discount for early payment, which speeds up the cash flow and lowers risk. Credit must come with firm controls. The objective is to achieve the greatest sales with the least amount of loss. A written credit policy is crucial. The policy should state specific standards under which credit will be extended, such as a good credit history from a credit bureau or Dun & Bradstreet report, plus good bank references.
Bleak outlook for all but the biggest finance firms
A comprehensive review of the finance company sector paints a gloomy picture for all but the biggest firms. McDouall Stuart's New Zealand Finance Companies 2007 report, released yesterday, analyses the performance of all firms which raise money from the public and have loan books of $35 million or more. Since the company last prepared the report, the number covered has fallen from 38 to 29 largely due to "a mixture of failures, mergers and acquisitions". The report's main author, John Kidd, said: "Continuing weakness in debenture flows, an easing in activity levels and the arrival of a tighter regulatory framework in 2009 are all factors likely to encourage greater consolidation. "All companies, regardless of size, are likely to be considering consolidation options over the next 12 to 24 months.
Christmas tree-cutting permits sold for BLM, NFS land
The Bureau of Land Management's Carson City Field Office, and the Humboldt-Toiyabe National Forest's Carson Ranger District will sell Christmas tree permits beginning on Nov. 19 and ending Dec. 21 at a variety of locations across western Nevada and eastern California.
All stations will be closed on Thanksgiving.
The agencies conduct Christmas tree sales to thin small trees in overstocked areas and provide recreational experiences for residents. Some cutting areas may not be accessible after snowfall so it is advisable to cut trees early in the season.
The nonrefundable permits from both agencies are valid through Christmas.
In all, 3,500 permits will be available from the Humboldt-Toiyabe National Forest for $10 each in designated cutting areas for white fir, Jeffrey pine and incense cedar trees.
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