Financial manager often uses the Theory of capital structure to determine the ratio. Which is the use of a combination of equity, debt or hybrid securities to fund a firms activities, or new venture. Mortgage payments or rent: If you get behind with your mortgage payments or rent, your home could be at risk. For a financial managers, they have to decide the financing mix, capital structure or leverage of a firm.You can also contact the Financial Ombudsman. It is important to seek legal advice to see whether you have to pay back the money. Contract for loans: If you think you were missold a loan, or you were placed under undue pressure to take out a loan or buy goods, you can complain to the lender or supplier.Using a business-case approach with tools to assess total cost of ownership, cost/benefit.
Contract for necessary goods and services: If the contract was to supply you with necessary goods and services, such as food or domestic heating and lighting, you will still have to pay a reasonable price for these goods and services – even if they knew that you lacked capacity at the time. Three Must-Know Financial Tools for Effective Decision Making.If you can’t show this, you should still get advice from a money advice organisation such as National Debtline or Citizens Advice Bureau to see if your repayments can be reduced or renegotiated. If you can show this, then the contract can be cancelled and will no longer have any effect. Investment decisions tells about total amount of assets to be held in the firm. The top three financial decisions along with the factors affecting the respective decisions are mentioned below. You have to follow the terms of the contract unless you can show that the person or organisation you borrowed money from knew or should have known that you did not have capacity at the time to make the contract with them. The key aspects of financial decision making relate to financing, investment, dividends and working capital management. If you borrowed money when you did not have the capacity to fully understand what you were doing, the law sees this as a contract. What happens if I borrowed money while I lacked capacity?