Just like any goal, getting your finances stable and becoming financially successful requires good understanding of how financial stability works.
Getting your finances stable and becoming financially successful requires basic understanding of:
- Credit Rating
- and Debt Forgiveness
Whether you want a loan to buy a car, pay for school, buy real-estate or something else, banks often offer to help you find the loan that’s perfect for you.
Very convenient, right? Well, when you borrow money, it’s important to know how loans work. With a better understanding of loans, you can make better decisions about debt and understand how to avoid it. Learn how loans work and how to talk about your experience and opinions about loans in English.
Credit rating is an evaluation made by a credit rating agency of the debtor’s ability to pay back the debt and the likelihood of default. Why should it matter to you? Well, your credit rating is basically the same as your credit score. It essentially tells lenders how risky it is to lend you money. Your credit score is a numerical expression that banks use to determine whether you qualify for credit – and if so, how much interest they’ll charge you.
Since it can be useful to know how to talk about this topic, learn about credit rating and credit worthiness, types of bonds and what the main credit reference agencies are.
If you are deciding if bankruptcy is right for you or your company, the first step is to learn about bankruptcy.
In this lesson you will learn what bankruptcy is, the difference between bankruptcy, insolvency and liquidation, how bankruptcy proceedings work, what are the pros and cons of declaring bankruptcy and how to talk about your personal experience using key expressions.
To communicate with your audit peers and supervisors, you must know key auditing phrases.
Knowing these buzzwords is also helpful if you’re a business owner so that you can understand the situation and talk about financial reporting and auditing process in English with ease.
Debt forgiveness is a process of writing off all or a portion of a borrower’s debt. It is done because a big debt does not only present a problem for the indebted party but also for the creditor.
Learn how to talk about the positive and the negative sides of debt forgiveness, why it is viewed as the best way to relieve certain financial difficulties and use the expressions in the lesson to discuss debt forgiveness in English.
B1 – B2
|Number of lessons||