Please enable JavaScript.
Coggle requires JavaScript to display documents.
GROUP 3: Advantages and Disadvantages of Raising Finance from Different…
GROUP 3: Advantages and Disadvantages of Raising Finance from Different Sources
A credit-card company( Xuan Anh)
Advantages
Quick procedure
Convenient
Public and transparent documents
Multiple cards can be opened.
Disadvantages
Being scammed by a 3rd party
Erratic rise and fall in interest rates
Loan limit is not high
A Bank ( Sam )
Advantages
Maintain Your Ownership in The Business
Bank Loans Are Flexible
Credit Improvements
Make Large Purchases
Disvantages
High-Interest Rates
Risk of foreclosure if unable to repay the loan
Risking Your Credit Score
A loan shark
Disadvantages
illegal debt collection
usually illegal
criminal underworld
A friend or colleague ( Sam )
Advantages
Will be flexible
May lend funds interest-free or at a low rate.
Longer repayment period
Disvantages
Limited Legal Protection.
You will feel highly responsible for any losses they may incur
Damage close relationships.
A member of family
Advantage
easy to be sympathized
enthusiastic attitude
Disadvantage
can cause discord
Dương
pawnbroker
disavantage
crime
personal information
need mortgage
advantage
fast
private
sercurity