Pre-approved Auto Loans for Getting Low Rates even with Bad Credit

It hurts a lot when a person has his dream car in front of him, but cannot get it only because he doesn't have enough cash in hand and neither he is able to get approved for car loan. However, subprime lenders can have you pre-qualified for auto financing for either new or used car, which can eliminate your financing hassle even with poor credit, while giving an edge over dealership at the time of buying your automotive.

Through pre-approved auto loans, you get to know exactly how much money you can afford and spend on the automobile financing, which enable you to be in budget. Moreover, it gives you the negotiate power against the dealer for getting lower price on car purchase while allowing to focus on getting the best car than worrying about financing.

Pre-approved auto financing can be beneficial especially for people with bad credit as you have the upper hand when it comes to getting the best rates as your are approved in advance. As sometimes it does happen that if you are not pre-qualified for car loan, the dealers force you to accept higher rates by their flattering speech. Thus, pre-approved auto loans helps avoiding the dealer to take undue advantage of yours and being appalling in front of them while saving the dealership fees which the dealers usually include as they approve the people with low credit due to the risk involved.

In pre-approved car loan once you are approved, auto lender issues a blank check with a pre-set credit limit and for limited time period. While purchasing a car you need to write just the car amount and issue to dealer. Thus when you use the check the loan comes into existence.

Hence, the bottom line is pre-approved vehicle loan offers you multiple options with an edge over dealership. Ez Auto Finance as being an online auto financing company can offer you lower rates on auto loans with instant and guaranteed approval. Through our nationwide network of lenders you get an opportunity to compare loan prices and select the one that fits into your budget and requirements. So whether you have good credit or credit challenged and need a vehicle, pre-approved car loans can offer your flexibility. Car and Auto Loans

Blank Check Auto Finance for Bad Credit

Almost all car buyers are exhausted of automobile dealerships as the salesman at dealership by their flattering speech somehow convince people to finance their vehicle so, especially people with bad credit often fall prey to them thinking of them to be the last option of loan approval. Thus, people are obligated to buy a car after being approved for automobile finance which ultimately leads them to enter into the deal, they are not satisfied with.

However, Blank check automobile financing have come up with much better option to finance your automobile needs and that is blank check auto financing. Just as its name suggests, blank check auto loans allows you to get a blank check for a pre-approved amount for buying a new car or used car, SUV, van or truck either from dealer or private party and thus giving you an edge over the dealer.

Blank check car loans allows borrower to locks in auto loan rate and term wherein the rates remains fixed and do not fluctuate unless the borrower refinance. Here the borrower is liable for the purchase price of the automobile as written on the check. The time period for purchase is usually short, wherein if purchase is not made within the specified days the check becomes void.

The way it works is, the borrower applies for a loan with a maximum amount online before ever stepping foot in the dealership. Once the car buyer is approved he/she receives a check. With the check in hand the car buyer get a automobiles within the specified price range and select the best car deal through negotiations and as per their requirements. Once it is finalize the only thing borrower has to do is fill out the blank check. The price that a borrower fills out is the price of their loan which is being endorses to the seller.

Well, it?s as simple as this. In this way, securing auto finance before you even shop for a car can be a best way to save time, money without any hassle. And also as in blank check auto loan program, your loan is approved based on your credit, not the auto purchase made. Hence it allows you to focus on buying a vehicle as per your pocket and your needs rather than auto financing as you are pre-qualified.

Auto lenders snd dealers offer you an online platform whereby you can get instant and guaranteed approval auto loan with comparatively lower rates regardless of your credit. While knowing how much you can afford on a car purchase by pre approving on your vehicle finance which allows you to put the dealer in a position whereby you have a upper hand to negotiate like a cash buyer. Finance

Financial and cost Statements

An indispensable part of any system of accounting is programmed of periodical statements and reports to inform management of the current financial position of the business and of the progress made by, and the costs incurred for, each process, department and division. The number of statements and reports and their characters differ according to the requirements of management of each business enterprise. The following statements and supporting cost reports are commonly prepared for the management;

(1) balance sheet,

(2) profit and loss statement or income statement supported by statement of cost of goods manufactured and sold.

Balance sheet is a statement of assets and liabilities which reveals the financial position of the business. A balance sheet prepared for a manufacturing enterprise is similar in form and contents to the balance sheet of concerns engaged in merchandising activities, with the exception that it requires three inventory accounts i.e., raw materials, work in process and finished goods. The income statement of a manufacturing company and a merchandising company reflects the basic difference in operations of these two types of enterprises.

The manufacturing company transforms raw material into finished goods through the use of labor and factory facilities (for example, a company manufacturing furniture from wood or timber). A merchandising company, such as a retail furniture store which buys finished furniture and sells it in the same form i.e., sells the goods it buys without changing the basic form. The income statement which is prepared by a merchandising concern needs no calculations of cost of goods manufactured. But the income statements prepared by the manufacturing concern requires the calculations for the cost of goods manufactured.

The income statement or condensed statement of profit and loss shows the profit or loss of the business, while the cost of goods manufactured and sold statement reveals the cost to make and sell. The cost of goods sold section of the income statement of a manufacturing business can be divided into five distinct parts:

(1) Direct materials section; it comprises of beginning inventory, purchases and purchases returns and allowances and ending inventory.

(2) Direct labor section; it includes the cost of employees whose work can be identified directly with the product manufactured.

(3) Factory overhead; it comprises of all those costs that assist in an indirect manner in the manufacturing of the product e.g., indirect materials, indirect labor, depreciation of plant and machinery, depreciation of building, rent of factory building, repairs and insurance of factory plant and machinery etc. It is to be noted that with regard to factory overhead recording, there may be three possibilities: (A) Only actual factory overhead incurred are given. (B) Only applied factory overhead are provided. (C) Both actual and applied factory overhead are given. When both actual and applied factory overhead are known then the difference is analyzed which is known as under or over applied factory overhead which is shown in the cost of goods sold or income statement. Under or Over Applied Factory Overhead is the difference of actual factory over head and applied factory overhead. I applied factory overhead are less than actual factory overhead, the variance is known as under applied factory overhead. On the other hand when applied factory overhead are more than the actual factory overhead, the variance is called over applied factory overhead. Under applied overhead are added while over applied overhead are deducted from cost of goods sold at normal.

(4) Work in process inventories; these represent the costs in process at the beginning and costs still in process at the end of the fiscal period.

(5) Finished goods inventories; These represent the cost of finished goods inventories present at the beginning and at the end of the fiscal period.

The income statement is based upon the sales or revenue, costs and expenses of manufacturing, selling or marketing, administrating, other income and expense items. The income statement is the complementary to the balance sheet.

Rashid Javed is an Asian author. He writes about financial and managerial accounting articles, financial statement analysis, Financial Education

Accounting for construction contracts

A contract is a big job requiring considerable length of time to complete and comprising activities to be done outside the factory promises, viz. construction of a dam or school building, laying down railway lines, etc. Since each contract involves considerable resources both in terms of men and materials, it is necessary to devise an appropriate accounting system to ascertain the cost and profit made on each contract separately.

Profit on incomplete contracts: At the end of an accounting period it may be found that certain contract have been completed while others are still in process and will be completed in the coming years. The total profits made on completed contract say be safely taken to the credit of the profit and loss account. But the same cannot be done in case of incomplete contracts. These contracts are still in process, and there are possibilities of profits being turned into to losses on account of heavy rise in prices of materials and labor and losses on account of other unforeseen contingencies. At the same time it does not also seem desire able to consider the profits only on completed contracts and ignore completely incomplete ones because this may result in heavy fluctuations in the figure of profit from year to year. A year in which a large number of contracts have been completed will show an abnormal high figure for profit while reserve may be the case in the year in which a large number of contracts remain incomplete. Therefore, profits on incomplete contracts should be considered, of course, after providing adequate sums for meeting unknown contingencies.

There are no hard and fast rules for the calculation of the figures for profit to be taken to the credit of profit and loss account. However, the following rules may be followed: (a) Profit should be considered in respect of work certified only, work uncertified should always be valued at cost.

(b) No profit should be taken into consideration if the amount of work certified is less than 1/4 of the contract price because in such cases it is not possible to foresee the future clearly.

(c) If the amount of work certified is 1/4 or more but less than1/2 of the contract price, 1/3 of the profit disclosed, as reduced but the percentage of cash received from the contractee, should be taken to the profit and loss account. The balance should be allowed to remain as a reserve. (d) If the amount of work certified is very much near completion, if possible the total cost of completing the contract should be estimated The estimated total profit on the contract then can be calculated by deducting the total estimated cost from the contract price. The profit and loss should be credited with that proportion of total estimated profit on cash basis, which the work certified bears to the total contract price.

(f) The whole of loss, if any, should be transferred to the profit and loss account.

Cost Plus Contracts: In certain contracts the contractee agrees to pay to the contractor the cost price (usually prime cost) of the work done on the contract plus an agreed percentage thereof by way of overhead expenses and profit. Such contracts are known as cost-plus contracts. The system of cost plus contract costing is employed in cases where it is very difficult for the contractor to quote the contract price because there has been no precedent which he may take as basis. It is also employed where the work to be done is not fixed at the time of placing order for the contract. The method is generally used where government happens to be the contractee. The method suffers from the following disadvantages:

There is no incentive to the contractor to eliminate waste and economies the cost of completing the contract. On the other hand, he is tempted to increase the cost because greater the cost, the greater will be his share of profit. In case of this system the amount of overheads recovered and profit made depends upon the value of materials used, which is subject to considerable price fluctuations. The agreed fixed percentage may, therefore, prove to be either too excessive or too low for covering overheads and profit. Escalation Clause: Escalation clause is usually provided in the contract as a safeguard against any likely changes in the prices of utilization of material and labor. The clause provides that in case prices of items of raw materials, labor, etc. specified in the contract, change during the execution of the contract, beyond a specified limit over the price prevailing at the time of signing the agreement, the contract price will be suitably adjusted. The term of the contract specify the procedure for calculating such adjustment in order to avoid all future disputes. Thus, such a clause safeguards the interests of both the contractor and contractee in case of fluctuations in the price of materials and labor, etc.

Work in Progress: At the end of the accounting period a contract may still be in progress. The term work in progress refers to the work done so for in respect of the contract, which is still incomplete. It consists of the following:

(1) Working Certified: It refers to the work approved by the contractee. In case of contracts it is the useful practice for the contractor to get the work approved from time to time from the contractee. This is helpful to the contractor in two ways; first in case the contractee finds the work not up to specifications, he may ask the contractor to take corrective actions in time. Second, in contract accounts it is useful practice to have a system of progress payments, i.e., the contractee agrees to pay a certain percentage of the work certified (say, 80 or 90 percent). This is advantageous to the contractor since he gets immediate liquid funds.

(2) Work Uncertified: It refers to the work which has been done by the contractor but not so far approved by the contractee.

Work certified generally includes some profit element also while work uncertified is always valued at cost to the contractor.

Sub Contracts: The contractor may entrust some portion of the work to be done under the contract to a sub-contractor. Usually work of a specialized nature, i.e., steel work, special flooring, etc., is done by sub-contractors, who are responsible to the main contractor. The cost of such sub-contracts is a direct charge against the contract for which the work has been done.

Special financial and management accounting is required to maintain the records of construction contracts. Accounting and Auditing

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Financial Charts and Analysis

FREEDOM EAGLE CASH PREPAID MASTERCARD. LAUNCHED BY WHITE EAGLE

White Eagle (Europe) Plc, a market leader in the high growth prepaid card and electronic payments sector, in conjunction with Newcastle Building Society has launched its first Instant Issue prepaid MasterCard. for the retail sector - the Freedom Eagle Cash Card.

The Freedom Card is an instant issue prepaid MasterCard available in a handy retail pack. It is fully re-loadable, unlike most other instant issue products in the market which can only be loaded once - some even have to be thrown away when the funds are exhausted. The Freedom card is fully functional even at entry level and can be easily upgraded to higher spend levels depending upon certain criteria being satisfied. The Chip & PIN facility offers additional security and the card represents great value for money.

- Utilizing new simplified due diligence directives from the JMLSG (Joint Money Laundering Steering Group), the Freedom Prepaid MasterCard allows the customer complete control over their cash. The Freedom card is reloadable up to "650 and has immediate ATM functionality allowing the customer to load and unload their card as they require, hence no more trapped cash. It gives the customer the opportunity to fully test drive the product, they can also upgrade to higher spend and balance limits at any time they wish within the first twelve months subject to criteria being met" said Warren Hardy, Founder & CEO at White Eagle (Europe) Plc.

Kriya Patel, Head of Card Solutions at Newcastle Building Society said, "We are very pleased to launch the Freedom Card in conjunction with White Eagle. The fact that it is instant issue and also reloadable adds a new dimension of convenience to personal spending using a prepaid card, without compromising on security. As one of MasterCard s premier providers of prepaid cards in the UK and Europe, we are confident that Newcastle Building Society, together with White Eagle, offers a leading solution to the marketplace."

The initial retail launch takes place in January at various key locations throughout London, prior to the nationwide launch. Freedom Cards can also be purchased online at

-Ends-

About White Eagle

White Eagle (Europe) Plc was founded in 2007 and is a market leader in the high growth prepaid card and electronic payments market. Having recently released the Freedom Eagle Cash Prepaid MasterCard, White Eagle is also currently developing many new and exciting programmes internally, as well as enabling third parties to launch their own programmes on the White Eagle platform. White Eagle is an approved MasterCard? Member Service Provider.

About Newcastle Building Society

Newcastle Building Society is the biggest building society based in the North East and one of the strongest mutual building societies in the country. With assets under management of over "4.8bn we are certainly large enough to cope but small enough to care deeply about the needs of our members. We are committed to providing a range of innovative and attractive products and services.

The Newcastle Building Society is committed to remaining mutual and by doing so we feel we are better placed to continue to provide our investors with the quality of service expected from one of the country s strongest building societies.

About Card Solutions

Newcastle Building Society has 100 live prepaid and debit card programmes including:

- Debit cards

- Retail gift cards - replacement of paper gift token

- Teen cards

- Sub-prime cards - Un-banked adults cards

- Travel cards - Safe convenient alternative to travellers cheques

- Corporate incentive cards - cards issued direct to employees as reward payments

- Payroll and Payroll Plus cards - salary payments to employees

The Society is a MasterCard. Principal Member, with the most MasterCard. approved prepaid programmes in the UK. It holds a SEPA licence and has live programmes in the UK, Ireland, Germany, Belgium, Italy and Spain. Credit and debit cards

Low Interest Auto Loans for People with Bad Credit

A bad credit history for borrowers is an unpleasant obstacle while financing their vehicle. The reasons of poor credit may be numerous like past bankruptcy, repossessions or defaults. Hence for credit challenged people, Auto financing may seem as an impossible task. Yet, poor credit history cannot stop any borrower to buy their dream automobile with online lenders. If you are tired of applications denials, let us help you to get guaranteed approval with bad credit auto loans. We can qualify your auto finance either for your new or used automotive from dealer or private party, hassles free and at lowest possible rates regardless of your credit history.

Bad credit auto loans program is special designed for the people having less than perfect credit score, which enables them to get their vehicle at affordable rates while establishing their credit. These loans also gives a second chance to people who already own vehicle and are stuck up with higher monthly payments by the way of bad credit auto refinancing. It a belief that low interest rates and bad credit can not go hand in hand. And another is no cosigner and bad credit. However, we can help you to disprove this belief through no Cosigner bad credit car loans, where you can get bad credit auto loans without cosigner.

Although for the people with too low of credit score it almost becomes impossible to get approved with normal auto loan lenders being strict about credit check. This may be the reason why Auto loans without credit check are becoming more and more popular these days. No credit check auto loan proves helpful when you are afraid to show your credit history. This way, no matter how bad your credit may be, we can still assure you of approval on your auto finance. As we have a nationwide network of thousands of sub-prime lenders. These are the type of car lenders who are ready to take higher risks under certain circumstances. We allow them to compete with each other as soon as we receive your application to get you auto finance quotes as per your needs. Thus you are paid much better off with the subprime lending.

Bad credit shouldn't keep you away from driving vehicle, as your driving dreams cannot be sacrificed because of past misfortunes. You can drive a nice car, truck, van, or SUV while establishing or re-establishing your credit. Online auto financing company believes in offering lower auto loans rate and high approval rate for bad credit or sub-prime auto loans regardless of your credit situation with flexible terms such as car loans with no money down and no pre-payment penalty. Apply online now through easy auto loan application form for free no obligation auto loan quotes. Car and Auto Loans

Auto Loans Online without Credit Check

In this fast moving world no one can just do without a vehicle. However, not everyone can afford to get a vehicle for cash and not everyone has that perfect credit to get approval on their car. As generally, while financing an automobile, lender check out financial history to make sure that one do not have more debt to income ratio and to determine ones loan repayment capacity. Hence, it becomes difficult for the people with bad credit, zero credit or bankruptcy to get approved for an automobile loan. But now auto lenders offer you a chance to get your loan approved with no credit check auto loan wherein credit check is not required.

A no credit check auto loan program offers a great platform for the car buyers with poor financial background to get their dream vehicle while helping them to either establish or re-establish their credit rating. Especially for college students or first time car buyers who have not yet build their credit. As no credit check vehicle loan is provided on the basis of an individual?s income and employment history. So a person with significant income and employment history can obtain finance regardless of the credit issues. Hence, we can help acquire low rates on your new or used vehicle loans with the nationwide network of lenders and dealers even with less than perfect credit.

Our no credit check auto loan program can help you get start on the track of good credit as everyone deserves a break. This loan is a good chance for you to improve your credit. Our online auto financial service can help you get instant and guaranteed approval within 48 hours of your application. Get your free guaranteed auto loans now to start believing! Car and Auto Loans

Auto Loans after Bankruptcy

Since a car has become necessity for people to commute from work, one who has recently filed bankruptcy may find it difficult to get a vehicle on cash. Moreover, with strict lending term it may seem almost impossible to buy a vehicle. But new car financing with bankruptcy proves an exception to this belief of people with bankruptcy.

A post bankruptcy auto loan is much easier to get financing compared to any other unsecured loan because the car is used as collateral against the loan, thus lender can reposes the car in case of borrower's default and recover the loan amount. Besides, it can be the best way to re-build your credit if paid consistently. In fact, one can apply for auto finance the next day of bankruptcy closure.

A person can opt for this loan with either chapter 7 or chapter 13 bankruptcies. However, you may require getting an authorization from the trustee of the bankruptcy so as to be eligible for bankruptcy auto loans with chapter 13 bankruptcy. Although, only an authorization is not enough, the borrower is required to complete almost two-thirds of the bankruptcy. On the contrary, it becomes much simpler to acquire bankruptcy vehicle loans with chapter 7 bankruptcy as chapter 7 eliminates all the debt included in the bankruptcy. Hence, it becomes easier for both borrower and lender to start with the new terms.

Now the dealers and lenders have come up with the special auto financing program to help people with credit issues. These lenders are known as subprime auto lenders who work with several lenders to back auto loans with all credit types, including bankruptcy. And hence they can provide bankruptcy auto loan regardless of your financial circumstances.

Bankruptcy auto loan financing offer you second chance to get rid of the poor financial standing and re-establishing good credit. There's not a second thought, that if you apply for bankruptcy auto loan you will pay higher interest rates on bankruptcy auto loans than normal auto loan as the lenders consider you a high risk borrower. However, getting a cosigner or collateral does indeed aid you in getting a best auto loan rates. Although, if you are now approved for a car loan with higher rate, you can think of refinancing in future to qualify for lower interest rates by improving your credit by making regular payments on your current loan.

Nationwide network of lenders and dealers can find you a better deal than your local car dealerships whereby you can even be pre-approved for a car loan with a check in your hand before you shop for a car. Our auto loan specialist can help people who find it difficult to secure auto loan because of bankruptcy by offering post bankruptcy auto loan. No matter what kind of bankruptcy you file for, you are eligible for availing bankruptcy car loans with any financial circumstances. Car and Auto Loan

Auto Financing for People with Credit Issues

Rationally, having no credit history can be far better than having a poor credit history while financing your car. As bad credit borrowers are considered as risky borrower by the lenders because they consider their poor credit as a cause of defaults on the debts. However, no credit people are those who haven t yet started on their credit so there doesn t arise a question of loan default. Yet, some lenders either deny the credit application or offer a high interest rate. Fortunately, for all of them who are in the dilemma of getting approved with zero credit to obtain a vehicle loan, subprime lenders offer no credit car loans to get your car financed while you are establishing your credit.

No credit auto loans are vital for those potential borrowers who are building their credit such as first time buyers, young people or college student due to the number of barriers that obstruct the way to car ownership with lack of credit history. They all have these glazy dreams about the car, then reality sets in when it comes to financing, and all of a sudden all dreams comes to an end. However, lenders can fulfill your dream as they believe in understanding your needs and offering car loans as per your requirement.

Well, an additional problem which is faced by all the people with credit issue while obtaining a vehicle loan with low rates is a co-debtor or a cosigner. It now a well-know fact that to qualify for a low rate, the co-debtor is must. However, there are some contradictions to that and that is no cosigner vehicle loans. So, if you need a car loan and are employed but unable to get a cosigner, a no credit car loan without cosigner can be the perfect solution.

Hence, no credit auto financing allows the applicant to obtain a car loan even with lack of a credit history as it is often based primarily on your ability to repay the car loan. So, even without a credit history you can secure a auto loan on the basis of job i.e. income and assets. In short, if you have no credit and you need a automotive loan a no credit vehicle loan may be just what you need to secure.

Online financing institutions with having a network of subprime lenders who specialize in bad credit or no credit auto loans can get you lower rate as compare to other financial institution. The easiest way to get a low rate on an auto loan is to get yourself qualify through our online application wherein you get chance to compare car loan rate and decide on the best rates. Car and Auto Loan