Getting a Loan is Not Always Easy

hygienemedicale loans

Although for a lot of people getting a loan may be easy as they just have to go to their bank and ask them for one, for some people life is not so simple and loans are not so easy to get. Although banks are of course known for providing loans to people that need them, they do have criteria which has to be met before they will approve loan and not everyone can meet that criteria. Another time when a bank loan may not be appropriate is if you need the money quickly, perhaps the same day as you make a request or at the latest, early the next day. Although banks probably provide more loans than anyone else, their approval process and the other procedural processes can take a couple of days to complete and so the funds from a requested loan will not usually be available until several days after the request has been made.

In both these cases, a bank loan not being approved or an instance when the money is needed urgently, the borrower will have to look elsewhere for the loan. At these times there are money lenders that can help but care should be taken in deciding which one you go to as there are basically two types, the licensed money lender and the un-licensed money lender. Although in some countries it may be hard to distinguish one type from the other, in Singapore there is a website,, which lists only but all the licensed money lenders so that potential borrowers are able to recognize one from another. When it is necessary to go to a money lender for a loan, except for in the most urgent instances, a licensed money lender is the one you should go to as their rates of interest, being regulated, will be far power than those of an un-licensed lender.

Of course though, if you cannot meet the criteria of the licensed money lender, which will be less strict than a bank’s, you will have no choice but to go to the un-licensed lender who barely has any criteria that needs to be met. If are forced to consider using an un-licensed lender, you should be sure that you really do need the loan as the repayment of that loan, with the high interest they will charge, will be a heavy financial burden on you until the loan is fully paid off. In some instance the burden is so high that the borrower has to return to the same money lender to acquire another loan, especially to pay off the first one and a circle of recurring debts is instigated, often financially crippling the borrower for a far longer time than they had expected or planned for.

It is perhaps unfortunate but due to our often crawl world, these un-licensed money lenders are often a necessary evil when emergencies arise and no funds are readily available to deal with that emergency.

Buying Penny Stocks

hygienemedicale penny stock

Although there are many people that do already buy penny stocks, there are probably even more people that do not even know what penny stocks are. What is referred to as a penny stock, is a share in a small company which is considered too small and therefore its shares too cheap, to be traded on the large stock markets like the NYSE or NASDAQ. These shares though, as with the more expensive ones, do decrease and increase in value and so by buying a share when it is cheap and them selling it when it goes up in price, a profit can be made. Those profits can be big as one share bought at a cost of just 8cents, may have a value of as much as $8 a couple of days later, depending on how the company for whom the share is, fares in its business transactions.

To be honest though, although increases like this do happen, usually if a share does increase in price, it will not increase so dramatically. Of course though, the shares you have may decrease in value in which case you could make a loss on your investment. In general terms it is considered that 90% of investors in penny stocks make a loss whilst just 10% of them make a profit however, of that 10%, some investors make a fortune, going on to become what is known as a penny stock millionaire. Many serious investors in the larger stock markets consider penny stock trading as being very risky as, with penny stock companies, there is no rules that they have to stick to, as there are with larger companies that trade their stocks on the NYSE or NASDAQ.

NYSE and NASDAQ come under the scrutiny of the Securities and Exchange Commission (SEC) which insists that any company wishing to sell their stock, must provide potential investors with information on their company. As penny stock companies are not governed by the SEC rulings, they do not have to divulge anything about their company, just hope that investors buy their stock anyway, which they do. Investors in penny stocks therefore, usually know very little about a company they may be investing in and that, to some, is considered a gamble and not an investment. If you are one of the many that wants to still trade in penny stocks, you can how to buy penny stocks online but basically, many of the professional stockbrokers will accept penny stock trading and so going through one of those is probably the best way to start and then move onto making your own investments as you understand the market for penny stocks better. The reason why so many people do still trade in penny stocks even though it may be a little bit of a gamble, is because to start doing so, you only need as little as $50 which is far less than you would need if you were considering investing in the main stock markets.