Sahil's guides

Sahil's Guides

Corporate Credit

Corporate credit is the acquisition of funds or other services either from a vendor directly or from a lender with a promise of repayment at a later date. Corporate credit is similar to personal credit, however the amounts that are involved are much larger compared to personal lines of credit. The purchased goods and services might comprise of anything from financial loans to raw materials for manufacturing and construction. Corporations usually operate with the utilization of corporate credit more willingly than relying on purchases made on a strictly cash basis.

Credit Squeeze

A credit squeeze is a term in economics where two factors occur at the same time to stifle the supply of credit. Usually during credit squeeze interest rates shoot up and people with a marginal line of credit tend to be deprived of any opportunity for acquiring the same. A credit squeeze is also called a financial crunch, a credit crunch, or a credit crisis in which the availability of credit becomes dearer.

Cash Credit

Cash credit is the issuance of a short term cash loan to a business entity. A cash loan of this type if frequently made use of to meet the expenses related to a particular job or project, with reimbursement likely within a period of one year or less. Cash credits are useful since paying back the amount in time and maintaining a good repayment record can open up other lines of credit that have added benefits or lower interest rates.

Credit Counseling

Credit counseling is a broad term that offers education to customers about how to avoid debts that cannot be repaid. Credit counseling can be paradoxically debt counseling since debt is the direct result of having open lines of credit at your disposal. Credit counseling usually involves a debt management program (DMP) that aims to reduce the consumer’s debt by consolidating it.

Visa

Visa Inc. which is commonly referred to as VISA (Visa International Service Association) is a multinational corporation based in California, USA. The company controls and operates the world’s largest electronic payment network. It is a common misconception that the main objective of the company is to issue credit cards to its consumers. Visa issues credit cards with the help of its clients which are financial institutions or banks.

Instant Business Credit Cards

An instant business credit card is approved instantaneously upon request. There are rewards as well as drawbacks to this sort of card. It’s obviously beneficial to get instant credit, however it is advisable to take some time and compare a number of credit card offers before applying.

Credit Cards Glossary Of Terms

There are hundreds of terms, laws, and definitions related to credit cards and credit card transactions. Sometimes the acronyms and the jargon can confuse a consumer and make the matter appear more complicated than it really is. Some of the most commonly used important terms related to credit cards may help you in understanding the workings of credit cards.