Is A Secured Loan A Good Option?

A secured loan with is a loan that has collateral attached to it. The collateral stands good for the loan and if you miss payments or default on the loan, then the bank can collect the collateral. This type of loan generally has a lower interest rate because the bank is taking a lower risk because it can collect the collateral if you default on payments. A secured loan can be a good way to build credit if you go through a reputable lender like a bank or credit union.

Types of Secured Loans

  • ​Mortgages are secured because your home stands as collateral on the loan. If you miss payments, you can go in foreclosure and lose your homes.
  • Car loans are loans that are attached to your car.
  • Secured credit cards are a third type of secured loan. The bank will usually require you to attach a Certificate of Deposit (CD) or savings account to a credit card. Banks will do this for customers who are trying to rebuild their credit history. The credit limit will be about the same amount as the CD and if you fail to pay, then the bank takes money from the attached CD. you are not allowed to take money out of the CD or savings account that is acting as collateral for the loan.
  • A title loan is when you take a car that is already paid off and use it as collateral for another loan. Generally these loans are small with higher interest rates than other more traditional secured loans.

Benefits of Secured Loans

Secured loans are available to people who have been denied unsecured loans. They are an excellent way to work towards building your credit score. Banks like them because there is less risk involved. The lower interest rates are also an advantage to choosing a secured loan. You should be careful as you choose what you will use as collateral most banks require a home or a car in order to give the loan, although a savings account such as a CD may work, but you will not be able to access that money for the entire duration of the loan.

A secured loan is a great way to build your credit if you are trying to repair it or you are trying to build your credit history. It is important to make sure you pay everything on time so that you can see a difference in your score.

Dangers of a Secured Loans

The danger of a secured loan is that you may lose whatever you set up as collateral if you fail to make your payments on time. Also taking on too much debt may make it difficult to meet all of your financial obligations. it is important that you carefully consider your budget and ability to pay on the loan before you borrow any money. If you default on the loan or make late payments it can also adversely affect your credit score.

How Blockchain Can Help Your Business

Bitcoin, and the blockchain technology behind it, didn’t disrupt the world as was initially thought when Satoshi Nakamoto published his invention in 2009. More recently, however, the blockchain companies like Satoshi Systems Ltd has become one of the most widely discussed buzzwords, not only in the payment industry, but across multiple industries. In fact, some believe that blockchain technology could eventually be more important than the internet.

For the time being, however, let’s take look at some applications that could help your small business:

1. Payments and Money Transfers


Perhaps the most well-known blockchain application is being able to send and receive payments on a commodity trading platform. Since blockchain technology has it’s beginnings in cryptocurrency, this makes sense. But, how exactly is this beneficial for small business owners.

By using blockchain technology, you’re able to transfer funds directly and securely to anyone you want in the world almost instantly and at ultra-low fees. That’s because there aren’t any intermediaries slowing down the transfer of funds between several banks and charging outrageous transaction fees.

This practice is especially useful if you have remote employees or are involved in the global marketplace.

Companies like Abra, Bitwage, and Coinpip are leading the charge in using the blockchain to transfer funds or handle payroll.

2. Smart Contracts

Believe it or not, the term “smart contract”’ has been in-use since 1993, but now it’s associated with the blockchain thanks to the emergence of 2013’s the Ethereum Project.

This Project “is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.”

“Smart contracts” are “self-automated computer programs that can carry out the terms of any contract,” writes Chris DeRose in American Banker. In a nutshell “it is a financial security held in escrow by a network that is routed to recipients based on future events, and computer code.”

With “smart contracts” businesses will be able to bypass regulations and “lower the costs for a subset of our most common financial transactions.” Additionally, these contracts will be unbreakable.

Companies like Slock, which is an Ethereum-enabled internet-of-things platform, is already using this application so that customers can rent anything from bicycles to apartments by unlocking a smart lock after both parties agreed on the terms of the contract.

Furthermore, global banks are using “smart contracts” to improve the syndicated loan market. One such company that is using blockchains to issue microloans is Synaps.

3. Notary

Blockchain technology can also be used as a convenient and inexpensive notary service. For instance, apps like Uproov, which is a smartphone multimedia platform, can be notarized instantly after a user creates an image, video, or sound recording.

Meanwhile,, can actually be used to notarize proof of ownership of digital creation.

4. Distributed Cloud Storage

Cloud storage will be another application that businesses can take advantage of. Storj, company that’s using the blockchain to provide users with affordable, fast, and secure cloud storage.

While talking to VentureBeat Storj founder Shawn Wilkinson said that, “Simply using excess hard drive space, users could store the traditional cloud 300 times over,” much like how you can rent out a room on Airbnb. Wilkinson added, “Considering the world spends $22 billion + on cloud storage alone, this could open a revenue stream for average users, while significantly reducing the cost to store data for companies and personal users.”

Secured VS Unsecured: The Showdown

Borrowing money is a serious responsibility no matter what type of loan you choose. The days of walking into your neighborhood bank or credit union and quickly and easily getting a personal loan are pretty much over.

Since the financial meltdown began in late 2007, traditional lenders such as banks and credit unions have severely tightened their lending requirements making it much more difficult for many consumers to qualify for a loan. Homeowners have also seen the value of their homes greatly decrease since the housing market collapsed a few years ago- so much so that home equity loans are almost non-existent in today’s financial market.

However, people still have financial needs and loans are still available from places like If you have made the decision to apply for a loan, here are some basic facts which you should know.

There are two different types of loans generally offered to consumers: securedand unsecured. A secured loan is a loan which requires some form of collateral from the borrower. For example, this could be your home or your car. An unsecured loan does not require any type of collateral and therefore carries a greater risk for the lender.

Advantages and Disadvantages

Here are some advantages of secured loans:

  • Your interest rate (APR) will generally be lower and more affordable than with an unsecured loan.
  • Payments are normally spread out over a longer period of time giving you more flexibility with repayment of the loan.
  • You can usually borrow larger amounts of money compared to an unsecured loan.
  • You may be able to get a secured loan with a less-than-perfect credit history. Since you have to provide collateral for a secured loan, lenders will be assured that they will get their money back even if you default on the loan.

Some disadvantages of secured loans are:

  • You are required to pledge specific assets as collateral for the loan.
  • If you are unable to make the regular payments and/or default on the loan, the lender has the right to repossess your pledged assets to recover the money which is owed.
  • Repayment periods are generally longer than with an unsecured loan meaning you are in debt for a longer time.

The following are advantages of an unsecured loan:

  • You can normally qualify for an unsecured loan without having substantial assets.
  • Since there is no collateral required, you do not risk losing any personal property such as a home or car.
  • Unsecured loans are a better option for consumers who only need to borrow a small amount.

These are some disadvantages of an unsecured loan:

  • The repayment period is usually shorter than with a secured loan resulting in higher payment amounts.
  • Since there is no collateral required, lenders normally charge higher interest rates for unsecured loans.
  • Qualifying for an unsecured loan is generally more difficult.

Ultimately, it is your decision on what type of loan to choose. You should always give careful consideration to your personal circumstances when deciding to take on new debt and always borrow the least amount of money possible.

5 Secrets To Become A Successful Business Owner?

Have you been wondering how to be successful with your business? There are couple of things you need to remember to become successful, and it’s broke down to 5. Here are the five secrets to becoming successful business owner.

  1. Long Term Relationship – make your customers happy and offer them what they need. The more they feel they are welcome and treated special the more they would want to come for your products or service. Build a long term relationship by keeping them happy and satisfied with your company.
  2. Customers Satisfaction – as much as possible try to provide the products or services that they would benefit for; your customers would love to come back for more if you keep your goal of making them feel satisfied. They would choose a company that would make them feel happy and taken care for than the ones that don’t. Always remember that if they get what they deserve, they will come back after you and trust your company even more.
  3. Connect – more and more business owners nowadays are reaching out to their customers through online and internet support. The best thing about being connected to your customers through online is that you can provide assistance to them and respond to their questions or request anywhere and any time of the day. It would make them feel connected to you, and they will seek more of your service. People today just want to sit at home and get their groceries or bills paid via online. Stay connected with your customers through online and provides them the support they need.
  4. On Top Products or Services – different things are coming out in the market, and this is one of the secrets in how to keep up in the business industry. You need to know what are the on top products in the market and what services that would benefit them. It’s not hard to find products that would sell these days because everything that you need to know is on the internet, all you have to do is start digging for what would sell best for your old and new customers.
  5. Learn To Grow – in this fast changing world; you need to get to grow and compete with the old and new business owners. Every day is going to be a battlefield out there, but you have to keep moving. So start learning what is on the line and maintain it, people want change, and if you can’t then, you would end up losing your customers. You need to grow your business as much as how the world is changing. It is one of the requirements to keep track of your client’s needs.

If you are a business owner or starting a new business, you can easily find customers if you follow these five secrets. It is not necessary of monetary funds because there are also bridge finance companies that can offer you different kinds of business funding. Found out this site that provides bridge funding. This would help for business start-ups and for those who are planning to grow their business.



Five things you should know about derivative training

Did you know that there are five things that you should know about derivative training? Because if you haven’t known then you should because it will help you know more about them rather than a something with training. this way as well you will learn to invest in your time rather than waste it because when you try out the derivative training you will be learning things that you never knew and the best thing about it is that you get to gain from it all which is pretty nice so here are five things that you should know about the derivative training.

  1. They want to make sure that you are given the best professors so that you will be able to learn the subject and so that you would be investing your time rather than waste it because it can’t be helped that there are others that see this opportunity as unnecessary even though they can learn from it a lot.
  2. They would make sure that every time you come to their session, it would feel like something is new because they want to make sure that there is always something new for you to enjoy and so that in this way you would easily remember the previous lesson because of its difference from one session to the other sessions.
  3. They would make sure that you would learn something, so that your time wouldn’t be wasted but invested and so that you can tell your friends and family about what are the things that you have to learn while you were taking the derivative training. This way as well you can invite them to a next session with you.
  4. They are dedicated to their work and they mean business which would mean your time with them will be worth it and you can be sure that they wouldn’t do any scamming to you because they want you to benefit from them and not the other way around because they are just so dedicated to what they are doing.
  5. You wouldn’t have to worry about them because they know what they are doing and they will make sure that they will take excellent care of you while you are in their session. After all, it would be weird if you have nothing to say to your friends and family about the derivative training that you took from them.

Now you know what are the five things that you should know about the derivative training. You can trust in their line of work because they know how important your time is and they would want to make sure that you spent it wisely and what way to spend your time than with them right? According to, after all, you will be learning a lot from them and this way you will have something to share with your friends and family when you are done with the session which can be a bonus for you, which is good.