Finance Questions

Archive for March, 2005

Question: What is Business Process Outsourcing in Finance?

Answer: It’s hiring a company to manage your basic buiness functions like customer relationship management (Call Center) purchasing, manufacturing, supply chain logistics etc… Like in Finance what you could outsource is the book-keeping functions. To a company that has in-house experts on book-keeping. (CPAs etc)

Manish Vora On ‘Leveraging Finance And Accounting Outsourcing to deliver business value’

Question: Which post (finance, foreign affairs or defense) do you think Lieberman is best suited for & why?

http://news.yahoo.com/s/csm/olieberman

Answer: Defense., He is mean don’t mess with him and Israel he means it and I support him because he means it.

Screw shaking hands with terrorists who openly shout to the rooftops Itbach al Yahoud (slaughter the Jew). If they make one move in that direction then Israel defends herself and I stand with Israel in that defense!

And screw these haters that think that defending oneself is a Nazi ideal, how dare you try to use the Holocaust against the Jewish people!!!

People try to use that against Israel but the true parallel was with Nazism and Islamofascism because the two were ALLIED during WW2. And we already recognize just like in WW2 it’s the Jewish people first then the rest of the West they already openly admit it!!! Nobody can shake hands and make peace and land deals with fascists. I’ve been around this forum long enough to know it’s frequented by neo-Nazis themselves that just perpetuate the discord they are still allied with the Islamofascists. SICKNESS!

PS your first two answerers are same person = 2 accounts and I think they’ll bring in succession of their next accounts soon, as they took interest in your question (they hate Lieberman because they know he defends Israel)

Weekly Update: Defense Appropriation and Health Care Reform

Question: Which is your favourite Yahoo Answers category?

For reference:

Arts & Humanities
Beauty & Style
Business & Finance
Cars & Transportation
Computers & Internet
Consumer Electronics
Dining Out
Education & Reference
Entertainment & Music
Family & Relationships
Food & Drink
Games & Recreation
Health
Home & Garden
Local Businesses
News & Events
Pets
Politics & Government
Pregnancy & Parenting
Science & Mathematics
Social Science
Society & Culture
Sports
Travel
Yahoo! Products

Answer: Entertainment & Music (Everything)

Pets (everything)

Family & Relationships (friends)

Pregnacy & Parenting (Baby Names and Grade-Schooler)

Finance bill won’t change Wall St. business model

Question: Possible zombie debt collection?(Don’t answer unless you know how credit scores work)?

I have been dillegently rebuilding credit after failed relationships/ a period of heavy drug use…(insert sob story here)…but I thought I had it until I got acollections notice today from ‘03. I have read that actually paying it off might hurt my credit score that I have seen rising. The difference between the settlement amount and the actual amount is quite negligible with my finances as they are now. I could easilly pay it. I have contacted them (bank itself & collections agency). The bank is willing to mark my credit report paid in full, the agency will mark paid as settled, niether is willing to delete the account upon repayment. Should I repay this debt or will it negatively impact my credit score. Trying to do the right thing is not as important to me as improving my credit score.

Answer: You have to pay the debt or it will never go away and make your credit worse. But there is something you can do to eventually get it erased faster than 7 years from now…

Step 1:
Pay off your debt in one lump sum.

Step 2:
About 2 months later go to the Experian website and request a fraud alert. This won’t hurt you at all and is just a precaution if you think someone may be trying to use your identity. It lasts 3 months, and all it does is makes it so that creditors have to call you and verify your identity if you are trying to get a new credit card.
Once you have placed your fraud alert you will be granted a free credit report to work with.

Step 3:
Analyze everything on your credit report and note anything that looks bad.

Step 4:
Dispute everything that you don’t like, even though you are responsible for it. There is a dispute section on the experian website.

Step 5:
The burden of proof is now on the company. They must prove that you are responsible for the debt, late payment, etc. within 1 month, or the debt automatically gets erased. So keep checking your credit every month or two to see if it has gone away. And keep on disputing!

Step 6: The companies will get sick of proving your debts and most won’t even bother in the first place(what advantage is it to them to waste their time with this?).

Step 7:
You should have great credit like me!
I fixed a couple stupid little things this way and have a 720 credit score.

Good Luck!

8. Debt Consolidation – savingandinvesting.com

Question: How can a non-US citizen like me get a finance related job in the US next year?

I have 1 year financial analyst experience in Korea. I’ve heard it’s really hard to get a work permit til Oct. 2007 due to some laws. I also know I need sponsorship from companies. But will there be any companies wanting to sponsor me? I have finance certificates and experience but looks like it’s too competitive to get in, and also too hard to get the visa.

Answer: You need to prove to the company that you actually are worth going through all the hassles and expenses of sponsoring an alien.

Finance is not as in high demand jobs for foreign workers as compared to nursing, but it is definitely possible. Some strategies you can do:

1. Study MBA in the US, and then apply to a Finance Company. Companies are more likely to consider you if you have advanced degrees and if you have US education.

I have a friend from the Philippines who studied MBA in one of the Ivy League universities in the US and got an investment analyst position. He’s now the VP of the investment company.

2. Go to the US as a tourist, and while here explore employment opportunities. Companies are not likely to interview you if you are based in Korea (unless you are extra special that they are willing to fly to you or fly you to the US for the interview). If you can stay here in the US for several months, that can give you enough time to submit your resume and get interviews.

3. Try Korean companies. They may be more likely to help a compatriot get a job in the US and may sponsor you. Try to apply for jobs that specifically look for knowledge in Asian finance,

Lessig on Supreme Court Campaign Finance Decision: Change Congress Video