Bank finance articles and tips

What kind of financial plan do you think the most successful retail chain in the world uses? If you guessed that Walmart follows the practice of Kaizen Budgeting, you would be right! Every month, Walmart's expenses go down and their profits go up, and the stores themselves are constantly improving. That's a perfect example of how the system works, and here's the low-down.

Are customers leaving your business and going to your competitors? This can be a real disaster for your business if it happens. Why would customers leave your business and go to someone else? Here are some possible reasons.

1) Poor customer service. This is usually at the top of the list when it comes to unhappy customers. They leave because they have received poor service from you. For example, they buy a product, but can't seem to learn how to use it. So they call up the Company to try and get help. Unfortunately, they had to wait a long time to get the right person to speak to. And the customer support representative was not really helpful. In fact, he was down right rude. No wonder the customer was unhappy! If such issues are not fixed in time, more customers will leave your business and head over to your competitors.

For those Americans who would like to make some extra cash by reporting on friends or family who cheat on their taxes, the IRS has two whistleblower programs. Both programs run off of a central principal that the larger the amount of money recouped, the more money given to the whistleblower.

The first program is a small-awards program for cases involving under $2 million in unpaid taxes. For this program, whistleblowers can earn as much as 15 percent of the amount recouped, though it is unusual to make that much. The second program is a large-awards program, which involves cases of unpaid taxes over $2 million dollars. For these cases, whistleblowers can make significantly more money, with rewards reaching as much as 30 percent.

When you get a payday loan you do not have to worry about putting up any type of collateral as you would with traditional loans. Payday loans are notsecured loans. Most traditional loans are and they require you to give them something in exchange for the money if you default on your loan. For example, if you went to a bank to get a car loan, they would hold the title to that car until it is paid in full. If you default on the loan, they keep the title and come and tow your car away. It is the same thing with your house.

One of the common misconceptions about filing for bankruptcy is the 90 day rule. If you ask debtors that are filing bankruptcy if they understand what the 90 day rule is, you get answers like, you can't buy anything for 90 days prior to the bankruptcy filing or you stop paying your bills 90 days before filing. Both of them sound like they could be true, but in reality there is no 90 day rule that makes a difference to a debtor.

Many debtors filing for bankruptcy have heard of it but have no idea of how it works. The 90 day rule allows the bankruptcy trustee to recover payments that a debtor made on legitimate debts, if those payments during that 90 day time frame gave the creditor more money than they would have gotten out of the bankruptcy filing. The bankruptcy code calls these payments, preferences.