The Reliable Credit Association, Inc. - Floating-Rate Demand Notes

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Information about The Reliable Credit Association, Inc. - Floating-Rate Demand Notes
Finance

Published on March 14, 2014

Author: reliablecredit

Source: slideshare.net

Description

Headquartered in Milwaukie, Oregon, Reliable Credit Association, Inc. is an independently owned consumer finance company that assists clients across the Pacific Northwest. While it offers direct loans to qualified consumers and purchases retail installmetn contracts from approved auto dealers, in multiple states, Reliable Credit offers only Oregon residents with its floating-rate demand notes.

By Reliable Credit

Introduction  Headquartered in Milwaukie, Oregon, Reliable Credit Association, Inc. is an independently owned consumer finance company that assists clients across the Pacific Northwest. While it offers direct loans to qualified consumers and purchases retail installmetn contracts from approved auto dealers, in multiple states, Reliable Credit offers only Oregon residents with its floating-rate demand notes.

About Floating Rate Demand Notes  Gaining popularity among consumers in recent years, floating-rate demand notes are a liquid form of investment. These instruments provide a way for bearers to obtain cash through short-term debt. Floating-rate demand notes can be purchased through financial institutions as well as on the Internet through the websites of major corporations, such as the Ford Motor Co. and Caterpillar, which recognize their usefulness in attracting new customers and reducing commission payments to brokers.

Conclusion  Traditionally, floating-rate demand notes pay a higher rate than savings accounts or certificates of deposit. While most floating-rate demand notes require a minimum investment, higher initial investments can yield higher returns, even greater than 1.5 percent.

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