By Newt Felix

If you are in the market looking to buy a personal loan, it is highly likely that you have come across myriad options. With the advent of the internet, there is more information flow and consumers now have even more choices of loans. Whether you are looking for a secured or unsecured loan, there are more innovative products powered by the internet. One of these is peer-to- peer lending.

While there is a lot of information available online, this loan is still unclear to most consumers. Like with any financial product, it is important to first understand everything about peer-to- peer (P2P) lending before opting for the same to fund your financial needs. Below is a short breakdown to help you make an informed choice:

Peer-to- peer in Brief

P2P is also called social lending and it lets two people to lend and borrow money from each other. The idea is to remove middlemen in the lending process just like other internet services have done. The two parties will opt for this type of lending and borrowing to leverage the benefits and it is covered by the Financial Conduct Authority (FCA) regulations. This type of lending has been facilitated by increased interconnectivity through the internet. P2P platforms are used to connect the lender and the borrower and also maintain security to protect all parties.

Benefits to the Borrower

Due to the ease of connectivity, there are many benefits of P2P lending and it is no wonder the trend has spread fast. This has become one of the main competitors to traditional lenders and for many good reasons. Here are some reasons borrowers are opting for P2P:

  • Faster approval: Borrowers enjoy faster and easier approval because only two parties are involved. The application process is also simpler and more convenient.
  • No risk to property: You don’t need any contract and your lender will offer cash after verifying your financial situation and ability to repay. Your credit rating will also play a big part in determining approval by a particular lender.
  • Better rates and fewer fees: Unlike traditional lenders, P2P lenders charge fewer fees. There is no application fee or processing fee and this makes it easier to repay your loan.
  • Flexible repayments: Unlike dealing with alarge institution, talking to another individual is easier and you can get a custom loan depending on your financial needs.

(more…)

13
Dec
stored in: Business and tagged:

Investing whilst at college can be an extremely useful strategy as it can be a great way to not only improve your current income, but earn money to save towards your future, perhaps for a purpose such as paying off your student debts, purchasing your first home after you graduate, or even saving towards your later years and retirement. No matter why you decide to start investing, there are many students who’ve managed to become successful investors whilst still at college. Whether you’re studying for a finance degree or something totally different such as a masters in social work online, starting investing can set you up for lifelong financial security. We’ve put together some top tips to help students get started with investing whilst at college.

Why Invest?

Before you begin investing, it’s important to establish why you want to become an investor and what you would like to get out of the process. Contrary to what popular culture has led many of us to believe, becoming truly successful as an investor often requires a lot of hard work, patience, learning, and risk-taking. You are only in college for a few short years, therefore you will also need to consider whether or not you are willing to divide your time between not only improving your skills as an investor, but also performing as well as possible with your degree.

Understand Yourself

Becoming a successful investor will often require seriously getting to know yourself and your own investor psychology by being frank and honest with yourself. (more…)

By Bill Williams

It is not always easy to get through to EE customer service given the many people who call in every day. To dissuade people from calling (and to encourage emails, online, SMS and other ways of contacting customer service), EE usually tacks customer care numbers in a corner in their site. If you do not have the number or you don’t want to be put on hold (very common in peak hours), you could reach an EE customer care rep through:

  1. Email
  2. EE’s many social media channels
  3. On the company’s website
  4. NGT (Next Generation Text) Service and NGT Lite App (http://ngts.org.uk) for those who have a problem hearing
  5. Visit to an EE store
  6. Mail

Short codes: Short codes are the easiest way to get in touch with BB. Send the code to 150 and you will get almost instant feedback. The different codes include:

  • BA: Balance and allowances
  • BILL: Recent invoices and payments
  • UP: Upgrade eligibility
  • HELP: List of BB’s most common services
  • USAGE: Unbilled costs
  • BUNDLES: Bundles/extras

Writing an email or contacting EE through their website is a good option if you have a generalized query that is not too urgent and if you have a serious issue such as a billing problem and you want a paper trail. (more…)

By Chris Ebert

kid-pianoWhen I was an engineering major in college some decades ago, I was forced to take a course in music (against my will) as an elective in order to graduate. For my term paper in the course I researched why certain sounds seemed pleasing to most people, while others most would consider displeasing.

In the past 30 years since, I have pondered why there seem to be some naturally occurring patterns that tend to be pleasing. Upon becoming a trader I realized the pleasing nature of patterns did not just apply to music – just ask any trader who uses Fibonacci.

There are days when the stock market seems to act like a two-year old hitting random keys on a piano, and others when it plays like a professional concert pianist. The better part of my last 30 years has been spent waiting for the days when I can hear the concert pianist, because that is the best chance I have of hearing something pleasing. Moreover, If I know the rest of the audience is enjoying the music, there’s a much better chance the song being played is somewhat predictable, as opposed to the two-year old banging randomly on the keys – those are days I try to avoid trading.

The preceding is a post by Christopher Ebert, author of the popular option trading book “Show Me Your Options!” Chris uses his engineering background to mix and match options as a means of preserving portfolio wealth while outpacing inflation. Questions about constructing a specific option trade, or option trading in general, may be entered in the comment section below or emailed to OptionScientist@zentrader.ca

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