Lines of Credit
What Happens at a Line of Credit's Annual Renewal Review
The call I dreaded making as an underwriter usually came about three weeks before a line of credit matured.
A client rang me last spring holding her first line of credit statement and a calculator. She had drawn $20,000 at a 10 percent rate, expected the month's interest to be a twelfth of $2,000, about $166, and the statement said something...
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Lines of Credit
The call I dreaded making as an underwriter usually came about three weeks before a line of credit matured.
Games
Anyone who has played a crafting or survival game knows the moment your workbench is full, your materials are gone, and your...
Games
Plenty of role playing and survival games hide a lender in some back alley who will hand you gold the moment you run short.
Games
Every February, one of the small businesses I keep the books for runs out of cash for about nine days.
Games
The most uncomfortable phone call I made as an underwriter was not a decline.
Games
Anyone who has filled out a skill tree in an online game has already practised a skill that matters when you borrow to grow a...
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Three people who have sat on different sides of a funding decision: a former underwriter who spent a decade deciding which loan applications got approved, a small business owner who has borrowed through a term loan, two lines of credit, and one merchant cash advance she still warns people about, and a bookkeeper who sees a client's cash flow problems months before the owner does. Every article carries a byline, and nothing runs that the writer has not actually dealt with.