It is a Known Fact That

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It is a Known Fact That American Society Has Become Increasingly Unequal
Of the entire consumer purchases, 37% are made by 5% of those Americans who are in the highest income group as per a study of Moody's Analytics. It should not be a surprise to anyone as it is a known fact that American society has become increasingly unequal.With the bulk of the income moving upwards, the middle class lack sufficient purchasing power to keep running the economy without sinking more into deeper debt; everyone has seen where that leads to. The economy is dependent on the spending power of only few persons and naturally this exposes it to bigger booms and bursts. The rich are prone to speculate and splurge when their own savings are performing well. But when the value of their own assets takes a tumble they withdraw. This leads to wild fluctuations.The economy of the country will not get back on rails until this push towards inequality moves in the reverse gear. Even if Obama manages another stimulus and even if Bernanke keeps rates of interest near zero - neither of these moves can perform a miracle without the middle class having the spending power. Pumping becomes a solution only if the well is holding sufficient water.Looking back into history covering a hundred years, this pattern emerges. During the days when the super rich took a reduced proportion of the total income (1947 to 1977 - the great prosperity years) the nation in its entirety grew speedily and median wages spiked. A virtuous cycle was generated by which the continuously growing middle class had the capacity to consume greater supply of goods as well as services; this in turn led to the creation of more jobs and better jobs that led to further fueling of demand. This rising tide did in reality lift up all the boats.But during those days when the proportion that the super rich pocketed (1918 to 1933 and again starting from the time of the Great Regression in 1981 till today) the speed of growth became slow, median wages began to stagnate and the country suffered mega downturn. Thus it is not accidental that over the past century the share of the top earners of the nation peaked in 1928 and again in 2007. These two years preceded the biggest tanking of the economy.

HSBC Premium Circle Offer by Plat5 Consultancy

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In spite of the fact that in most banks income sometimes fails, they rarely pay attention to any customer policy. It has long been the delusion that banks need not pay much thought to customer services just because they had customers. Some banks even if they possess good customer relationships are unable to cross sell as they have not figured out who to target with what product/service. What happens is that customers are over and over again approached for the incorrect products.Today the banking sector have become well advance in terms of enriching customers satisfaction as well as primary banking functions but still it's important for the banks to keep on introducing new ideas in terms of catering services to its customers. Most of the banks are coming up with a plan to meet the requirements of modern day customer, a latest example of such services is Plat5 HSBC premium circle offer.HSBC Bank offers to its existing customers, who have been granted a HSBC Card a "HSBC Card PREMIUM Circle" facility. The Program offers the HSBC Cardholder each of the following services- Special value offers on travel, shopping, dining, utility bills, fuels etc to help HSBC cardholder get the best value from their purchases. HSBC in association with the PLAT5 CONSULTANCY PVT. LTD. offers to its existing Cardholders, holding a valid Bank Credit Card the Club vacation Offer. Under the Offer the eligible Cardholders shall be entitled to avail the facility of Two Nights & Three Days holiday package upon fulfilment of the terms and conditions contained. Free Joining Gifts (like a branded watch) will also be given once the fees have been paid by the customer.The new age has resulted in banks and financial agencies rethinking their strategies and goals. They have come to recognize the significance of hanging onto the customer and keeping him happy. The rules that once governed the banking industry have changed. They have realized that adopting a customer based plan is essential and needs to be undertaken. The vast majority of banks now realize they need services of companies like plat5 consultancy in order to meet the customers demand and are opting for the same as well. And services like HSBC cards premium circle offer are an ideal example of customer oriented servicesWhy Plat5Plat5 is a group of strategically linked companies with complementing domain expertise and a well experienced client focused team.The BFSI domain expertise in conceptualizing and executing promotional offers / campaigns coupled with the rich entrepreneurial experience of the team, gives Plat5 the advantage of providing an end to end solution to its partner, i.e. from conceptualization to execution to delivery.

Ways to Gather Working Capital Loan for Your Business

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If you think that getting a working capital loan today is tough, ask all those who've been into the business world for the last 20 years. They would confidently bet that the ways and means to get a loan in today's times are much more and faster, too. Any viable business has, in fact, a decent pool of options to approach to raise working capital for business. Any casual attempt to know all your options would divulge that besides taking a business capital loan for from a bank, you could also approach factors or merchants for funding your venture. Alternatively, you can approach payroll financing companies as well, which extend quick & lien free financing to deserving companies to help them meet their payroll expenses.While a loan from bank is preferred at large, it has its share of negatives, too. It is touted to be the cheapest option to raise working capital. However, it is the best choice only if you wish to continue with the loan for more than six months. It may take anywhere between 60 and 120 days to get this kind of loan sanctioned. You need a lien for taking a loan from bank. Further, you will generally need to pay upfront administrative charges or processing fee. In case you have to get the loan reviewed or may be certified from your accountant, it will attract serious costs.The alternative companies accounts factoring is again a well-known route for raising money in business. However, factors usually wish for a long term relationship with their customers as that only promises some serious earnings for them. So, taking up such a loan turns out to be much more expensive and time consuming than anyone would expect. You need a lien to apply for this type of loan, as well. In fact, taking a loan from a factor often proves to be a trap; or like being addicted to an intoxicant or drug. Not only taking yourself off it is difficult, when you eventually get off it, you realize how much money you lost/ wasted in the process. So, whether you are looking for short term loan or long term, account factoring should be your last option amongst bank loan and loan from one of the Payroll Financing companies.Merchant funding is yet another seemingly easy option to draw money but you tend to get a very small amount of money for a loan through this method.

How to List Your Company on Stock Exchange?

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Most of the companies today, irrespective of their size are listed on the stock exchange; others are still trying. The stock of a company is listed on the exchange are open for public to decide if they want to buy. For those who are trying for London Stock Exchange Listings, read the below instructions for getting it soon: Instructions: If you want your company to be listed on the GXG Stock Exchange , choose a reputed investment bank to partner with and do business. The bank handles most of the tasks to get you listed on the exchange. Since you have started a new business, it is advisable to partner with the bank and let it handle the listing process. Discuss the terms of the agreement with the investment bank carefully and in detail. They generally want to know what security you are offering. If it's a stock. Then, there are two types of guarantees - firm guarantee and best efforts agreement. Work closely with the investment bank and plan out things. The registration with the stock exchange is important. The registration includes information on management, insider holdings, for what purpose will the money be used and additional information that will attract investors in buying your company's stocks. Fix the price per share, contact and get assistance from major investors. Set your price range to medium. Since too high or too low stock price refrains investors from investing in your stocks. In this case, even the bank may help you in fixing the price per share. The bank will help you determine the best price to be charged per share depending on the market performance. Watch the up and won movements of your stock. Investors buy and sell stocks in seconds depending upon their profit. If all goes proper, money will flow into your business helping you further expand it. Investment is stock exchange is a risky decision, which every investor has to make. Risky, because the price and condition fluctuates every second. Consult reputed or professional stock broker to make the right investment decision. If the market is bull phase, you can expect double of what you have invested. If the market is in a bear phase, the stock price falls and you may not even get the invested amount. Examine the market before investing in the stocks. More research, more profit and returns. Invest with care!

Manage Frauds And Boost Finances

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There are several institutions which have a threat against fraud. These institutions must be proactive with respect to management of their monetary aspects and must have a guard against fraud ready. Proper management is required when it comes to prevention of any kind of fraudulent activity. There must be proper investigation that is required. It is also important to make sure that the fraud is managed through a proper system. The system which managed fraud must also address the Secrecy Act which is there with the bank. The companies need to comply on regulatory basis in order to protect stakes of the holders. If a company or institution has a stable protection shield and software for suspicious activity reporting, it can work without any worry and can explore its potential to the fullest too. If one looks around, there is no lack of management solutions; one just has to choose the best possible solution. What really are the functions of case management software? One of the many functions of case management software is that it manages the fraudulent and compliance acts happening in an institution. It also controls multiple cases of fraud accounts. The software is known to connect various cues and stop fraud and money laundering at an executional level. The software integrates compliance as well as frauds. The legacy data is also integrated. The software manages and supports decision procedure as well. The management at every institution must be active with its approach to figure out and restrain every suspicious activity. Early detection of money laundering is something which is important to protect institution stakeholders. If a company has the case management software, it will be able to manage its frauds properly and also be less prone towards illegal pursuits. The software must be such that it integrates the systems and does not always take much time when it comes to implementation. There are so many products in the market which can be helpful for fraud management and these softwares also take less time in implementation. One needs to spare good amount of time in market research to choose the best option when it comes to fraud management. Ever year organizations end up reporting losses when it comes to corporate frauds; these frauds must be prevented with management softwares. Immediate steps taken are required. One just needs to talk to the experts to be able to choose and match the business needs. Good quality case management will empower the organization.

Could the Banks’ Continued Failure to Lend to SMEs Be Imperilling Economic Recovery

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Despite government rhetoric evidence continues to accumulate that the banks are still not lending to Small and Medium-sized Enterprises (SMEs), according to rescue and turnaround advisers."We are hearing that when companies apply for any lending the banks are only considering loans or overdrafts secured on tangible assets, with most also demanding personal guarantees from the directors in addition to the security" says one turnaround adviser.More evidence was revealed in the February figures released by the Bank of England that reported the total net lending by the UK's five main banks fell in every quarter of 2011 and that banks had missed their lending target to small firms, whose use of bank overdrafts and loans had also declined over the past two years.In a survey of 11,000 small businesses by the FSB (Federation of Small Businesses) it was revealed that just one in 10 had obtained a bank loan in 2011. Furthermore the FSB reported that 41% of applicants had been refused loans in the three months to February 2012. Graeme Fisher, FSB Head of Policy, commented that the UK banking system was not geared up to lower end loans of less than 25,000, adding that "there's no money in it".Business Secretary Vince Cable, quoted in the Financial Times, warned in his recent address at the annual City of London Corporation industry dinner, that recovery is being imperilled by the "yawning mismatch" between bank lending and demands for finance from SMEs.In a forecast at the end of April by economists at Ernst and Young, it was revealed that lending is expected to reduce further this year, to 419 Billion, a drop of 6.8 per cent.In conjunction with all this there has been a significant increase in invoice discounting and factoring. The banks appear to be no longer offering these facilities themselves, leaving the door open for independent companies such as Bibby, Close, Centric, SME, Ultimate and the new British bank, Aldermore.Where the banks appear to be unable to provide invoice discounting and factoring facilities against book debts these smaller companies are. Clearly the banks are struggling or they are simply withdrawing from the SME market. The message may not have yet filtered down to their sales staff who are often saying "yes" to proposals from SMEs but then subsequently the bank credit committees are saying "no".Rescue advisers argue that the banks are being deceitful, whatever the rhetoric they are using public relations tactics to report new loans, which are in fact not really new lending but the refinancing of existing facilities such as turning an overdraft into a term loan or a factoring facility.This is adding even more pressure onto small businesses, he argues, because there is a net decline in the flow of money into SMEs, and furthermore any new money is being provided at a very great cost in terms of fees and interest. While high rates of lending may be justified by the risk when it is unsecured, it is not justified when the loan is secured.Copyright ?? 2012 Alison Withers

Details And Conditions on IVA

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Individual voluntary arrangement is a kind of an arrangement between the debtors and the creditors based on the condition of the debtors. An IVA is fairly a new concept introduced in UK a couple of years back. With the help of an IVA, one debtor will easily be able to get hold of a good debt solution to all his debt problems that he has been facing since past many years.IVA is a legal arrangement and is considered by the court. Usually the debtor takes help from an IP- the insolvency practitioner. He has to file a proposal in court after he studies the debtor's condition in the debt issues. The court when sees the details, orders the IP to consult the creditors. The creditors have to be called for a meeting. If the creditors vote a yes for the IVA, then they are a part of the legally binding IVA. If the 75% of the creditors vote against the IVA, it is rejected and the debtor has to look for another solution.The creditors can sue or take the debtors to courts if they do not agree to IVA. However, if they do then there is no backing out of the agreement. They have to be sure that they follow all the requirements defined in the agreement.Conditions and obligationThe legal criteria of the IVA have to be fulfilled. They are as follows:1) The debtor has to have at least 15000 pounds of debt or more2) It is a 60 months (5 years) agreement3) He should not have filed for any other alternate solution in the mean time4) He should not have a history of an IVA in past 6 years5) He should be at least a resident of North Wales, UK or have at least lived in England for 3 years consecutively6) IVA may use up some assets of the debtor to pay the creditors, however this may not be necessary.AdvantagesOther than this, the debtor has the following advantages.1) The debt that is left outstanding at the end of IVA, is written off2) The interest rate amount is ceased3) Low amount of installments affordable by the debtor are defined through his disposable income every month4) The creditors cannot bug him as it is a legal filing nor they can back out of it as in debt management plans etcIf you want more information you can log on to for more details on such alternatives to debt issues, and how to avail bankruptcy of the condition gets worse.

Choices For The Protection of Assets Today For Individuals And Corporations

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As more individuals are working on building their personal wealth, using a service for protection of their assets is critical to maintaining that wealth. Additionally, the use of these services can help to build that wealth while keeping it safe the same time. Protection of assets is important when you have a number of high value assets.Using these services to protect assets will help you to make sure that you are not going to lose your home or other assets should something occur that you might be liable for. There is a wide range of options available today that can help you with this process. In addition to protecting your personal assets this service can help with the protection of corporate assets as well.There are a number of different reasons why an organization or an individual might need this typeof service these days. For individuals, being successful means you may have a good career, a nice home and so on. This sometimes means that when something goes wrong, you will be the subject of a lawsuit that may result in the loss of your wealth, your home and anything else you might have of value.Deciding to use this option will protect your personal assets by limiting the personal liability that any one person will have. In addition it protects all other assets that the person might own as well. Making this choice can be a good option for people who have many assets.At the same time there are other methods found to protect one's property. Using the right investment strategies provide you options for the protection of assets in a number of ways. Some solutions that are used offer an insurance policy that guarantees your funds against loss in specific ways.Finding the right method for protection of assets is important in a number of different ways. Learning which options will be best for your personal assets is important for many reasons. Protection of an asset may be required for an individual for example if they are going through the process of a divorce.Protection of assets is something that nearly everyone is concerned about. Deciding on which options you will use is going to be a personal decision. You might consider the options that will be found through a consulting firm to help you with this task today.

Collection Agency Services And Their Importance to Companies

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Collection agency services are some of the most well known services today. With the recent economic struggles of different companies and businesses, companies have a hard time keeping up with the different debts and accounts that they lend people. That is why companies who have a massive amount of accounts receivable make good use of collection agency services. Collection agencies are companies that specialize in the recovery bad debts or payment of accounts that are past due. They are usually hired by companies that lend money and have a high tendency of people defaulting in their payments or are paying later than the day of the deadline. Collection agencies manage this by making use of laws and the technology that is available to them. Consumers who are in debt are made to repay the money that they owe. This is the most basic understanding of the lender-borrower relationship. Collection agencies make use of the law by enforcing and instituting amendments that force debtors to pay the accounts due to the lender. Collection agencies also make use of technology by managing the different debts of the company that hires them. They make full use of accounting information systems and their different advantages. Accounting information systems are digital representation of accounts and balances. This allows for a more convenient way of managing accounts and different transactions. Collections agencies design their systems to focus more on accounts receivables and bad debt. Accounts receivable is the account that a company maintains in its records in order to keep track of the different transactions they have accomplished that were done via credit. Bad debts are the name of the account maintained by a company to keep track of accounts receivable that are most likely uncollectible. This usually leaves companies bankrupt and forces them to liquidate their assets. Collection agencies address this problem by serving as agents and give companies advice on debt restructuring or debt recovery. Collection agency services are geared towards enforcing laws that protect lenders and maintaining the lender-borrower relationship. Some examples of their services are debt collection, debt management and debt restructuring. These types of services are important to companies as it minimizes any losses that they may incur. Losses suffered by companies usually translate to investors straying away from the company. This means that investors would rather go elsewhere and put their money in a more productive project. Collection agency services have become more popular over the years because of the state of the economy. Businesses are suffering from the losses that are caused by bad debts and delayed payments. These bad debts have increased the need for businesses to use laws that allow them to collect payments. Recently, several states have passed laws that protect the consumer or the borrower. They have increased the value of items that serve as collateral and allow borrowers to keep those items. They have also allowed borrowers to maintain a high amount of money in their bank accounts. Despite these new laws, collection agencies are still going strong and they still enforce their methods to the best of their abilities.

Number One Auto Insurance Agent In California

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The United States of America is one of the countries that require automobile insurance for car owners. But since it is composed of fifty states, each state has its own laws regarding car insurance. A good example would be the state of California. California has an existing law that necessitates automobile owners to get an auto insurance which fits the state's standards. This means that California drivers must have both bodily injury and property damage liability insurance policies. This means that you would have to look for a CA auto insurance agent when you reside in California. An auto insurance agent is defined as a person that sells insurance policies that protect car owners from financial loss brought about by accidents, theft and injuries. Aside from that, the insurance can also pay for incidental charges which includes towing and rental cars during the repair of a damaged automobile. At present, there are two varieties of auto insurance agents. There are the Independent Auto Insurance Agents who work as 'brokers' that approach several insurance companies and shop around for the best deal for their clients. Second are the 'captive' agents that work for one insurance company and sell policies only for that particular corporation. Another difference between the two is that the independent broker earns money by commission and the one who works for a company receives a constant salary. Finding out the type of agent to get relies on your own discretion. Characteristics that you have to search for in an agent are amazing communication and customer service skills. The agent must also manifest initiative and he or she should give reliable information on the policy. Other than that the agent must be provide you with data pertinent to the inclusions of the policy and the cost of the insurance itself. The agent must also ensure of his or her availability when you need to get a claim. The most essential point that an agent should have is that he or she should have the capability to create an auto insurance policy that protects you and your property; one that is recent and up to date. If you are already at a point where you can confidently search for an insurance agent, you can start by going through California insurance agent listings. You just have to remember to be careful in the selection process so that you get an agent that answers your needs and can work with your budget.