What are the different sources of credit?
Sources of credit? In relation to business financing could be refer to the various means and ways in which one or an enterprenuer could acquire money to start his business. There are several means/places which one can get fund for financing his/her business or for starting a new one. This depends on the personal financial strength, financier or finance institutes. These means / places are: Banks Personal Savings Finance Houses Government Friends Family Donation conversion of Share or bonds
Some formal sources of credit include (but are not limited) to the following: * Banks and Traditional Financial Institutions * Suppliers (providing credit in the form of an invoice payable after goods or services are received) * Government (through direct lending, subsidies and tax incentives) Formal sources of credit are those sources that provide credit in a transparent and regulated manner.
There are 5 major sources of Credit for Consumers. 1) Banks 2) Brokerage Firms 3) Credit Unions 4) Insurance Companies 5) Finance Companies Here is a website that will fully explain each of the 5 sources in simple terms. I hope this helps! http://www.buzzle.com/articles/sources-of-consumer-credit.html
One can get a free credit report form the Annual Credit Report official website. They allow one free credit report per year. A FICO score, however, is different from a credit report and one must pay to have it. A lot of sources may say they offer free FICO scores, but they will ask for credit card information when you register on their website.
In India sources of credit can be categorized into formal and informal sources. Formal sources of credit consist of commercial banks, regional rural banks, cooperative credit societies etc. Informalsources of credit are friends and relatives, moneylenders etc. Today, India has over 32,000 ruralbranches of commercial banks and regional rural banks (RRBs), some 14,000 cooperative bank branches, 98,000 primary agricultural credit societies (PACS) (Basu and Srivastava, 2005).
In academic writing, a "formal" source of credit is a published book, essay, or article. Online sources are also increasingly considered to be "formal" sources and may be cited as such. An "informal" source of credit would be a personal contact or an unpublished text, perhaps even a letter or other personal source of information. In each case, citation of the sources that one uses should be provided with as much information about each as…
A bibliography for a science project can be printed out on a separate sheet of paper or added to the end of any writing you did for the project. It is where you give credit to the sources you used when researching for the project. Bibliographies are formal and there are different styles with different rules on how to format one.