Forage’s Post

🚀 𝐁𝐨𝐨𝐬𝐭 𝐘𝐨𝐮𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡: 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞𝐬 🚀 Your credit score is like your financial report card. It reflects your creditworthiness and impacts your ability to access loans, mortgages, and even certain job opportunities. Here’s why it’s essential to understand and manage your credit score: 1️⃣ 𝐋𝐨𝐚𝐧 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥: Lenders use your credit score to assess your risk level. A higher score increases your chances of loan approval and may get you better interest rates. 2️⃣ 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: A strong credit score opens doors to better financial products and opportunities, such as credit cards with rewards, lower insurance premiums, and favorable terms on loans. 3️⃣ 𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭: Some employers check credit scores during the hiring process, especially for roles involving finances or sensitive information. A good score can positively impact your job prospects. 4️⃣ 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭: Consistently managing your credit demonstrates responsibility and financial acumen, building trust with lenders, landlords, and other stakeholders. ✨ 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞: ✔ 𝐏𝐚𝐲 𝐛𝐢𝐥𝐥𝐬 𝐨𝐧 𝐭𝐢𝐦𝐞.  ✔ 𝐊𝐞𝐞𝐩 𝐜𝐫𝐞𝐝𝐢𝐭 𝐜𝐚𝐫𝐝 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐬 𝐥𝐨𝐰.  ✔ 𝐋𝐢𝐦𝐢𝐭 𝐧𝐞𝐰 𝐜𝐫𝐞𝐝𝐢𝐭 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬.  ✔ 𝐑𝐞𝐠𝐮𝐥𝐚𝐫𝐥𝐲 𝐜𝐡𝐞𝐜𝐤 𝐲𝐨𝐮𝐫 𝐜𝐫𝐞𝐝𝐢𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐞𝐫𝐫𝐨𝐫𝐬.  ✔ 𝐔𝐬𝐞 𝐜𝐫𝐞𝐝𝐢𝐭 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐥𝐲 𝐚𝐧𝐝 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐚 𝐡𝐞𝐚𝐥𝐭𝐡𝐲 𝐜𝐫𝐞𝐝𝐢𝐭 𝐦𝐢𝐱. Remember, improving your credit score is a journey, not an overnight fix. Stay informed, make wise financial decisions, and watch your financial future flourish! 💪 #FinancialWellness #CreditScore101 #SmartFinance #FinancialLiteracy #PersonalFinanceTips #MoneyManagement #SmartSpending #BudgetingTips #PersonalFinance #SavvySavings #DebtFreeJourney #InvestingWisdom #MoneyMindset

Bank announces salary of over 40 million dong/month, I give my wife 20 million and suspected of having dark funds, I say: Go to the newspaper and demand This is the story of Mr. N.T.T, a credit officer at a large bank. Mr. N.T.T has been working at the bank for 10 years. I’m frustrated because my wife demands a higher salary After 1 year of graduation, I was recruited as a personal relationship specialist (often referred to as a credit officer) at a mid-sized private bank. My income depends on the completion of KPIs. Up to now, I have been working in this position for 10 years and have worked for 3 different banks. During the 10 years of working, although the seniority increased, it does not mean that my salary increased steadily, but it fluctuated like a sine wave. There was a period where my salary decreased sharply due to difficult economic conditions, ineffective business results, profits of the bank, and my branch. Like the past New Year, my income decreased by up to 40%. The Tet bonus amount was also only 1 month’s salary, symbolic because my branch did not achieve the set business targets, with many bad debts. Working as a bank employee, it’s not as nice as rumored. However, during the last Tet holiday, when I returned from work one day, my wife sent me a link to an article about the average income of bank employees. My wife started to question why the salary of bank employees that was publicly announced was over 40 million VND/month, but why I only bring home 20 million VND each month. Not to mention, my wife, who also has some knowledge of accounting and finance, also criticized, saying: Normally, the figures published by the bank will be lower compared to the actual ones. Therefore, it is obvious that my salary is even higher than what was published. So, in the days that followed, every 2 days on average, my wife kept mentioning the salary issue. Not stopping there, my wife also questioned whether my Tet bonus was not that low because many companies announced bonuses of 5-10 months’ salary. Angry because I had to listen to complaints and nagging every day, after explaining but my wife didn’t understand, I got upset and said to my wife, “Go to the press and demand it.” After that statement, my wife and I started a cold war that lasted for a few days. Working as a bank employee is not as nice as rumored When people know that I work as a bank employee, many relatives think I am rich. But in reality, my salary is only at an average level, enough to meet the basic living needs of my family. In order to buy a house, I have to truly cut down on expenses and rely on the support of both families. I consider myself a thrifty person. After getting married in 2016, I divided the money into 3 parts. 50% for my wife to take care of the internal and external expenses of the family. 25% for the home loan. And I only spend 25% for personal needs such as gas money, having coffee with customers, phone bill, lunch… When the rent is full...

❗ ❗ The 5 consequences of little to no credit! 😨 😨 ❗ ❗ It's important to be aware that having no credit history can be just as detrimental as having a poor one. Not having a credit history can cost you more than you might think, in ways such as: 1. Higher Interest Rates - Lenders and creditors prefer borrowers with a proven track record of creditworthiness. If you don't have any credit history, you may end up paying higher interest rates on loans and credit cards. 2. Difficulty Renting Apartments - Landlords often require a credit check when considering prospective tenants. If you don't have a credit history, you may have a harder time finding a place to live. 3. Higher Insurance Premiums - Insurance companies frequently use credit scores to determine the rates they offer. If you don't have a credit history, you may end up paying more for your insurance policies. 4. Security Deposits on Utilities - If you don't have a credit history, you may be required to pay a security deposit to start or maintain utility services like electricity, gas, or water. 5. Challenges with Employment - Certain employers may conduct a credit check as part of their hiring process. If you don't have a credit history, it may put you at a disadvantage when applying for jobs. It's important to understand the significance of your credit history and to start building it as soon as possible. This can help you secure a better financial future and avoid costly setbacks. #CreditAwareness #FinancialLiteracy #PersonalFinance #BuildYourCredit #GooseFinancial

🚨 Did you know that your credit history can make or break your chances of securing that dream apartment or landing that job you've been eyeing? 🏢💼 🔑 Building and maintaining a positive credit history is crucial in today's competitive world, and here's why: 1️⃣ Renting an Apartment: Landlords often check credit reports to assess the financial responsibility of potential renters. A poor credit history might lead to rejection or require a higher security deposit. 2️⃣ Job Applications: Many employers now review credit histories as part of their hiring process. A negative credit history could raise concerns about your ability to manage finances, potentially impacting your chances of getting hired. 3️⃣ Financial Opportunities: Building a positive credit history can open doors to better financial opportunities. From securing loans to lower interest rates on credit cards, good credit can save you money in the long run. 💡 So, how can you build and maintain a positive credit history? 1️⃣ Pay your bills on time: Timely payments show financial responsibility and help build a positive credit history. 2️⃣ Keep credit card balances low: High credit utilization can negatively impact your credit score. Aim to keep your credit card balances under 30% of your available credit limit. 3️⃣ Regularly check your credit report: Monitoring your credit report allows you to identify and address any errors or fraudulent activities promptly. 4️⃣ Use credit responsibly: Avoid taking on unnecessary debt and only borrow what you can comfortably repay. 🌟 Remember, your credit history is an essential aspect of your financial well-being and can significantly impact your future opportunities. Take control of your credit today and secure a brighter future! 💪 #CreditHistoryMatters #FinancialWellBeing #SecureYourFuture

Hi everyone, As a Senior Finance Credit Analyst in RENMONEY, I bring to you good packages that you can benefit from to aid you scale through the harsh economy. 1) Salary loan from 500k to 25 million. With a repayment tenure of 3 to 24 months. Please note, The amount you can get depends on your salary, a salary of 200k cannot get you 2m even. 2) I can buy over all your existing loans, no matter how many they are from any bank or cooperatives, and give you a balance of your loan request, paid directly into your bank account. This simply means, if you have some financial obligations that make you ineligible to access funds, I will clear the loans off for you. 3) I can finance your small to medium sized business of about 5m only, if you have had a turnover of about 80 to 120m in your business or personal for the past 6 months. 4) For the business owners, I can finance your business with an amount ranging from 10 to 300m. Applied both for partnerships between companies and a sole proprietorship business. This depends on your business and your turnover as well. 5) I can give credit facilities to you and all your colleagues in your company, no matter the number of employees that you have. All you just need is a direct message or email me at [email protected], and within 24 hours, all those applied for will be credited. it's that simple! 6) I can proffer better financial risk solutions and strategies to your business and as well smoothen your investment plans and strategies. 7) You can save up/invest with my bank, with as 200,000 to 100,000,000 and above and get a 25% ROI. Kamal Boushi Renmoney LETS TALK📞☎️

💰 Cohen Collection Corner 💰 The Rising Trend of Collections Specialists: A Deep Dive into the Job Market Preferences of Young Generations The increasing trend of young generations opting for collections specialist roles in debt companies is a multifaceted phenomenon. Driven by economic factors, skill development opportunities, technological advancements, job stability, and diverse career paths, collections roles are becoming a prominent and attractive choice for individuals seeking meaningful and stable careers in the financial industry. As the demand for debt management services continues to grow, collections specialists are poised to play a crucial role in shaping the future of the financial sector. Caine & Weiner #CAREERGROWTH #CAREERSATCAINE&WEINER #COLLECTIONSCAREER #DEBTINDUSTRYTRENDS #DEBTMANAGEMENTCAREERS #FINANCIALSTABILITY #FUTUREFINANCEROLES #JOBMARKETTRENDS #SKILLSDEVELOPMENT #TECHINFINANCE #YOUNGPROFESSIONALS https://lnkd.in/g6Tb_DiP

Generally speaking, bankers can earn substantial salaries, bonuses, and other forms of compensation. According to data from the U.S. Bureau of Labor Statistics, the median annual wage for financial managers, which includes many bankers, was $134,180 as of May 2020. The average salary of bankers in the United States can vary depending on the type of bank, the job title, and the level of experience. According to the U.S. Bureau of Labor Statistics, as of May 2020, the median annual wage for financial analysts, including investment bankers, was $83,660. However, salaries for investment bankers can be significantly higher than the median, especially for those at the senior level. According to data from Glassdoor, the average base pay for a Vice President (VP) in investment banking in the United States is around $150,000 to $200,000 per year, with total compensation (including bonuses and other benefits) reaching into the millions of dollars for top performers. Managing Directors (MDs) in investment banking can earn even higher salaries, with some earning several million dollars per year in total compensation. It's worth noting that salaries for bankers can also vary depending on the location of the job. Salaries tend to be higher in major financial centers such as New York City, San Francisco, and Chicago. Additionally, bonuses can make up a significant portion of a banker's compensation, especially for those in investment banking, and can vary widely depending on the bank's performance and the individual's performance. https://lnkd.in/d5iPS4cd

As a Finance Recruiter, it's great to see some positive news at the moment! Paragon Banking Group PLC has seen an uptick in their SME lending and some of their key highlights include: 📈 4.6% increase in SME Lending: £230.2 million in new lending for H1, showcasing the resilience of UK SMEs 📈 Commercial Lending Growth: Slight increase to £589.8 million, now accounting for 48% of their new lending. 📈 Strong Financial Performance: 13.5% rise in their underlying profits to £146.3 million, driven by robust loan growth and improved margins. It seems as though they're doing a great job at navigating through challenging times and leading by example. I'm still wanting to remain quietly optimistic about the market. We're seeing a lot of hiring into our SME and Private Equity clients at the moment, so if you're wanting to discuss what opportunities are looking like on the external market, please do drop me a message! #financerecruitment #careergrowth #leadershipinfinance