How to Improve FICO Scores on Your Own

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In this day and age it is not an exaggeration to state that a person's FICO score truly dictates their financial future, so the increasing concern over ones score is merited indeed. Lately a number of my clients have inquired as to whether I can suggest a good credit score counseling service so that they can be provided with a detailed appraisal of their credit situation. This article highlights ways that you can initiate a plan to either maintain a high credit score or improve it if necessary without having to incur the cost of having someone else do it for you.

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Private Lending: The Best Choice For Quick Loans

Events and holidays are generally a fun time to enjoy with friends and families. These special events are pretty much anticipated and most likely, preparations are created beforehand. Events like these also need you to adequate cash so you’re able to buy all the things you may want for the affair. It is essential to [...]

Source: http://www.legaldebthelponline.com/2011/06/30/private-lending-the-best-choice-for-quick-loans/

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Germany's Banks Agree To Help Greece


Beers

German banks have agreed to volunteer and support Greece by rolling over their Greek debt, according to Bloomberg.

Finance Minister Wolfgang Schäuble announced that a deal had been reached moments ago. It will see German banks join French banks in supporting Greece. The two countries' banking sectors own more Greek debt than any other countries.

Details on the deal are thus far limited, but Deutsche Bank Chief Josef Ackermann says the support will be "substantial."

This private sector involvement will be part of the announced second bailout for Greece, the details of which could come through as soon as this weekend, barring any sort of failure in the current Greek austerity vote.

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Common Chapter 7 Personal Bankruptcy Questions

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Filing for Chapter 7 personal bankruptcy can be a very confusing process. The following information addresses the most frequent concerns people have when they consider filing for bankruptcy.

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Announcing The Yipit Data Report


Each month, we’ll be publishing trends and analyses from our proprietary dataset of more than 100,000 offers to the daily deal and investor communities. The Yipit Data Report launched yesterday to acclaim from Bloomberg, VentureBeat and The Wall Street Journal.

Subscribers of the report receive an in-depth analysis of the daily deal industry and its participants each month. Highlights from the May 2011 report include:

  • Industry Leaderboard: competitive detail and market size
  • The Key Players: Deep dives into Groupon, LivingSocial, Travelzoo and OpenTable
  • Merchant Behavior: are small businesses repeating or fleeing?
  • Winners and Losers: breakout players and the deadpool

The Yipit Data Report is available in three packages:

  • Original: Full report on industry trends targeting daily deal and investor communities
  • Silver: Full report plus a one-on-one analyst call with the report author
  • Gold: Full report, plus analyst call, plus access to the complete raw data feed of every past daily deal offer

Customers of the Yipit Data Report include multi-billion hedge fund investors, most of the major daily deal companies and other industry analysts and participants.

Subscribe online. For pricing and additional detail, visit: yipit.com/data

Follow @YipitData on Twitter for the latest industry trends and analysis by team Yipit.


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Why Europe Can?t Afford a Greek Haircut


If a picture is worth a thousand words, the following chart from the IMF encapsulates all the analysis one needs to understand why Mr. Trichet and the rest of the Eurozone bureaucracy are so adamant about not letting Greece restructure its debt.  The leverage ratios of some of Europe’s country banking systems are nothing less than stunning.   At the end of the day,  it was Lehman’s leverage coupled with its overexposure to a declining asset class that brought it down.  Once the markets sniffed this Lehman’s liquidity was cut off and rest is history.

A Greek sovereign restructuring followed by, say Ireland and Portugal, and market speculation that Spain and Italy may be next, could bring down many of Europe’s  thinly capitalized country banking systems.    Fed Chairman, Ben Bernanke,  believes the Great Depression was not caused by 1929 stock market crash, but by the the 1931 failure of Austria’s Creditanstalt.  In a 2009 conversation with the Council of the Foreign Relations,  the Chariman reflects,

I learned basically two lessons from my studies of the depression.  The first is that monetary policy needs to be supportive, not contractionary…The second lesson is that — to reiterate what I said before, is that when the financial system breaks down, becomes highly unstable, then that has very severe adverse effects on the economy…  The Federal Reserve did not intervene to stop the failure of about a third of all the banks in the United States.  Globally, there were massive bank failures.  I think perhaps the most critical, in May of 1931, the Creditanstalt, which was one of the largest banks in Europe, failed, which generated a wave of financial crisis around the world.  Up till early 1931, arguably the 1929 downturn was just a ordinary — severe but ordinary downturn.  It was the financial crises and the collapse of banks and other institutions in late 1930 and early 1931 that made the Great Depression great.   

Does anyone hear the rhyme of history?   These European banks can either raise new capital or shrink their balance sheets by reducing loans, for example, which, if done in mass, creates a credit crunch and an adverse impact on economic growth   Hopefully,   European policymakers are twisting the arms of these banks to reserve every single Euro of bailout money as their Greek, Irish, and Portuguese sovereign bonds mature against loan losses.  This will require taking a hit to profits and pushback from the banks.  Then,  let the haircuts begin.   That is, if the European political structure can endure for that long.

  (click here if chart is not observable)


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Should You Get Out of Synchronoss Technologies Before Next Quarter?

There's no foolproof way to know the future for Synchronoss Technologies (Nasdaq: SNCR  ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.

A cloudy crystal ball
I often use accounts receivable (AR) and days sales outstanding (DSO) to judge a company's current health and future prospects. It's an important step in separating the pretenders from the market's best stocks. Alone, AR (the amount of money owed the company) and DSO (days' worth of sales owed to the company) don't tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future.

Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, if AR grows more quickly than revenue or DSO balloons, that can also suggest a desperate company that's trying to boost sales by giving its customers overly generous payment terms. Or it can indicate that the company sprinted to book a load of sales at the end of the quarter, the way used-car dealers do on the 29th of the month. Sometimes, companies do both.

Why might an upstanding company such as Synchronoss Technologies do this? For the same reason any other company might: to make the numbers. Investors don't like revenue shortfalls, and employees don't like reporting them to their superiors.

Is Synchronoss Technologies sending any potential warning signs? Take a look at the following chart, which plots revenue growth against AR growth, and DSO:

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Source: Capital IQ, a division of Standard & Poor's. Data is current as of last fully reported fiscal quarter. FQ = fiscal quarter.

The standard way to calculate DSO uses average accounts receivable. I prefer to look at end-of-quarter (EOQ) receivables, but I've plotted both above.

Watching the trends
When that red line (AR growth) crosses above the green line (revenue growth), I know I need to consult the filings. Similarly, a spike in the blue bars (DSO) indicates a trend worth worrying about. As another reality check, it's reasonable to consider what a normal DSO figure might look like in this space.

Source: Capital IQ, a division of Standard & Poor's. DSO calculated from average AR. Data is current as of last fully reported fiscal quarter. LFQ = last fiscal quarter. Dollar figures in millions.

Differences in business models can generate variations in DSO, so don't consider this the final word -- just a way to add some context to the numbers. But let's get back to our original question: Will Synchronoss Technologies miss its numbers in the next quarter or two?

The numbers don't paint a clear picture. For the last fully reported fiscal quarter, Synchronoss Technologies' year-over-year revenue grew by 50.8%, and its AR grew by 49.4%. That looks OK, but end-of-quarter DSO decreased by 1.0% from the prior-year quarter and was up 11.3% versus the most recent quarter. That demands a good explanation. Still, I'm no fortune-teller, and these are just numbers. Investors who put their money on the line always need to dig into the filings for the root causes and draw their own conclusions.

What now?
I use this kind of analysis to figure out which investments I need to watch more closely as I hunt for the market's best returns. However, some investors actively seek out companies on the wrong side of AR trends to sell them short and profit when they eventually fall. Which way would you play this one? Let us know in the comments section below, or keep up with the stocks mentioned in this article by tracking them in our free watchlist service, My Watchlist.

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