Intelius Named among Fastest Growing Companies

Posted in Uncategorized by admin Tuesday January 20, 2009 at about 4:53 pm

When Naveen Jain left Microsoft in 1996, nobody thought that the Indian-born company executive would make significant impacts on the online information industry. Two companies later, Naveen Jain now rests at the top of the success ladder, leading the young yet effective Intelius, a company that provides personal security and necessary information crucial in business and corporate decisions.

As a testament of Intelius’ efforts and excellent performances in their business area and that of Naveen Jain’s, Deloitte’s 2008 Technology Fast 500 ranked Intelius as the 127th fastest growing company in the region. Deloitte’s 2008 Technology Fast 500 ranks the 500 fastest growing media, technology, life sciences, and telecommunications companies in North America annually. Deloitte’s 2008 Technology Fast 500 based its 2008 ranking on how a company improved within 2003 to 2007. Intelius expanded by a whopping 1566.27% during this period.

Naveen Jain said that the Deloitte’s 2008 Technology Fast 500’s recognition, and being named among other successful contemporaries, is an honor for Intelius. The company’s commitment to world class service in delivering quality information has helped them achieve such distinction.

Aside from the Deloitte’s 2008 Technology Fast 500, Naveen Jain’s Intelius also received acknowledgement from the Washington Technology Fast 50, which ranks the 50 fastest growing companies in Washington State. Intelius ranked eighth in the said survey.

Intelius continues to serve its clients with information that is vital in making important business decisions, mapping out business strategies, and providing services against identity theft.

No Credit Check Auto Loans

Posted in Uncategorized by admin Tuesday January 20, 2009 at about 9:21 am

No credit check auto loans are termed as secured loans by the experts, because in these loans the vehicle purchased by the borrower is part of the loan’s collateral. However, vehicles depreciate, so financial institutions need additional collateral to secure the vehicle loan without a credit check.

When lending funds, the bank inquires from the borrower the purpose for which he seeks the loan. Banks do not grant loans for each and every purpose–they ensure the safety and liquidity of their funds by granting loans for productive purposes. Loans are not advanced for speculative and unproductive purposes, like social functions, ceremonies or for the repayment of a prior loan.

Banks and financial institutions use the principle of diversification of risks when giving auto loans. A prudent banker always tries to select the borrower very carefully and takes tangible assets as securities to safeguard his interests. Tangible assets are no doubt valuable and the banker feels safe while granting advances on the security of such assets, yet some risk is always involved therein.

Banks are profit-earning institutions. They must employ their funds profitably so as to earn sufficient income out of which to pay interest to the depositors, salaries to the staff and to meet various other establishment expenses. In no credit check auto loans, the variations in the rates of interest charged from different customers depend upon the degree of risk involved in lending to them. A customer with a good reputation is charged a lower rate of interest as compared to an ordinary customer.

The sound principle of lending is not to sacrifice safety or liquidity for the sake of higher profitability. That is to say, banks should not grant advances to unsound parties with doubtful repaying capacity, even if they are ready to pay a very high rate of interest. Such advances ultimately prove detrimental of the interests of the bank and its depositors.

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