Tag Archives: Financial Services

Pink Slip Loans Worse Than Payday Loans

A shop window advertising payday loans.

A shop window advertising payday loans. (Photo credit: Wikipedia)

Pink Slip Loans Worse Than Payday Loans

Pink slip loans are a financial last resort in the same vein as payday loans. They work in much the same fashion, offering a borrower a sum of money over a very short span of time at a high interest rate. Unlike payday loans, many pink slip loans do not require a fee. However, this is because they effectively lien the car against the loan. If the loan is not repaid, the car is taken.

This changes the dynamics of the loan significantly. In … Read the rest

Mergers and Acquisitions and Their Tax Consequences

Friendship barnstar

Friendship barnstar (Photo credit: Wikipedia)

Mergers and Acquisitions and Their Tax Consequences

Has a chemical M&A department contacted you to see if you would be interested in a merger? The other company is going to make it sound like it is all in your best interests, showing how joining forces gives you both the ability to reach more customers and make more sales. However, there are some important questions to ask before you go forward with this process.

First of all, you need to know who is going to be in charge. Are you going to be surrendering complete control … Read the rest