GAP insurance helps people cover up for gaps in payment when a car is totaled or stolen. GAP insurance is available for both old and new cars. If you have purchased a brand new vehicle, its value begins to depreciate from the moment you made the purchase. If such a vehicle is totaled, the collision coverage for such a vehicle might not cover the claim to pay off the loan incurred during the purchase. If you purchase car GAP insurance, you will be covered. It can be purchased from either an insurance company or a car dealer.
However, there are quite a number of reasons why it isn’t advisable to purchase Guaranteed Auto Protection insurance from a car dealer. Most often car dealers offer car GAP insurance at an extremely high rate, it is quite unfortunate that most people don’t even realized they have been cheated. The issue with car dealers is that
When it comes to getting quick funding for your business, you will probably be deciding between a cash advance and a small business loan. It is important to note that there are fundamental differences between the two. Yes, both a cash and a small business loan produce the same initial result—an influx of cash into your business, something that can help spur growth relatively quickly. But there are important differences that could potentially impact your company’s financial future. That’s why you need to firmly understand the differences between the two. If you are looking for a cash advance, business loan, or another form of funding, payment processors and online lenders such as First American Merchant can help. Researching the differences between a cash advance and a small business loan can help you set your company up for a strong financial future.
When you get a cash advance, you are not getting a loan with an interest rate. Instead, you are getting cash that must be paid back through your future sales. Typically, payments are made daily or weekly, and come through a percentage of the sales that you make. For example, you might get a $10,000 cash advance, and
When I started looking at bedspread sets for my king size bed, a friend told me that I should look at some discount codes for Bed Bath and Beyond. She knew that I was going to purchase this online, something I had never done before because I always like to see everything in person. However, I did not have time to go shopping as I had a very full month planned, so I figured I would take a chance since I could always return it if I was not pleased.
I had no idea that I was going to be as happy as I was though with my decision, thanks to my friend’s suggestion on looking at Bed Bath and Beyond. I had never shopped there before because the closest one to me was still an hour away. I went to their website and was so pleased not only with the products but the prices as well. Continue reading →
I will begin with a brief excursion into history. It all started with the moment when in 1971, US President Richard Nixon decided that the US government refuses to convert the dollar into gold (ie refuses to gold standard).
This decision was the emergence of a new economic direction, which subsequently became known as the foreign exchange trading. In currency trading exchange rate is completely dependent on market supply and demand on a particular currency, rather than from the equivalent of currency in gold.
Currency turnover in the Forex market each day is $ 4 trillion.
A lot of people, inspired by what he saw ads on TV or the Internet, decided to try his hand as a trader in Forex, started trading without proper knowledge.
Forex trading without prior preparation can be compared only with the lottery! According to statistics, only 10% of traders in the black. That is, out of 100 traders, only 10 receive earnings on Forex.
If personal finance issues make you want to pull the covers over your head, it can be hard for you to know whether you’re coasting along okay or whether you need help with your credit score.
The top signs that you need credit repair:
1. You’ve been turned down for a job.
Many companies will only hire people who have good credit. They believe that good debt management skills points to a higher level of responsibility.
2. You pay more for car insurance.
Insurance companies take your credit score into account when determining your rates.
3. You were denied a car loan.
It is generally easier to get approved for an auto loan than other types of credit. Car loans are good to have, since keeping up with an installment loan over time significantly improves your credit score.
4. You lost a promotion.
Does your company do work with the federal government? These companies often require that employees over a certain level be able to qualify for security clearances. And, you can be denied clearance if you have excessive debt or a low credit score.
The invention of credit cards was a giant leap forward for humans. People around the world use their credit cards for all kinds of purchases and payments. The credit cards give the people, the freedom of purchasing what they want, without having to depend on their bank balance. Credit cards are used by all kinds of people in cities and towns across the world. It is a fact that a credit card can be a boon as well as a bane at the same time.
At times, people do not know how to effectively manage their credit cards. This is why, their credit score is severely affected and they find it hard to acquire financial assistance from banks and other lenders. In order to make sure that your credit score is not affected, you need to effectively manage your cards. You need to be careful about making payments and using the card for any purchase.
When you make your credit card payments on time, your credit score improves and you can obtain higher amount of credit. On the other
Recently, college students were offered credit cards on campus and thus often get into debt before actually earning an income. Although, now there is a Card Act of 2009 that no longer allows credit card issuers to advertise or promote their products and services on campus. Anyway, students still face potential pitfalls. The thing is every teen thinks that he or she needs a credit card just as well as a cell phone. So, it is a smart move for any parent to use these ubiquitous devices as teaching tools meaning that they should be monitored while explaining how valuable credit may be. And this will help to protect teens from abusing credit.
Check the teen’s credit report together.
It is not a secret that you can simply do this online. At first there should be no credit. Parents should explain that the use of the credit card will be reported to the major credit bureaus, thus any late payment will stay on the credit report for seven years. Teens should know and understand that credit reports
Many consumers wonder is credit repair legal? YES, actually it’s your right as a consumer to make sure your credit report is accurate, so there is nothing illegal about it!
There is also a huge misconception that credit bureaus are some type of government entity, they are not. In fact your local bar is just as much of a government agency as a credit bureau. A credit bureau is a business pure and simple, they have one purpose, which is to make as much money as possible. They don’t want to help you- they just want to make money! Making sure you have a low score helps them make cash, how?
Credit bureaus are essentially a lead source for lenders. They get paid by lenders so they can run your credit files when you want credit. They also sell thousands of leads everyday to lenders all over the country.
You know those “pre-approved” credit card offers you get in the mail? Well those are directed to your mail box from information sold by the credit bureau to the credit card companies.
It’s not uncommon to be afraid to dig into your finances. Many people feel that they don’t properly understand credit or that it’d be difficult to learn. Not sure what is holding you back? Read on to learn common reasons that people avoid credit repair.
Why Are You Avoiding Repairing Your Credit?
1. You think it’s too difficult.
If you did not get a good education in personal finance, you may not know a lot about credit. Luckily, there are many resources to help you learn. Knowing what goes into your credit score can help you predict the outcome.
2. You think your credit doesn’t matter.
If you pay in cash for everything, you may think your credit score doesn’t matter. However, bad credit can affect every aspect of your life from where you can get a job to how much you pay for insurance.
3. You don’t know how much you owe.
Not sure what your debt is? You’re not alone. According to The New York Times, people tend to report in surveys only about half
Whether you’re a first time buyer or you’re considering your options to refinance your mortgage, a home loan represents the largest debt that any individual is likely to face in his or her life. As a result, today’s mortgage lenders take major steps to make sure that due diligence is complete prior to finalizing a mortgage. It’s in their best interest to understand your complete financial picture and to recommend a loan at a level that you can sustainably afford. There are numerous steps you can take to help make you a stronger candidate for your loan process. Here’s what you need to know.
1. Pull your credit history report and score
One of the first things that a mortgage lender will consider is your credit history. Your credit history has two components – a FICO credit score and the individual accounts and details listed that add up to that number. There are three major credit bureaus: Experian, TransUnion, and Equifax. The easiest way to see your credit report is to visit the Federal Free Annual Credit Report site, which enables you to view your credit report
While credit scores and credit reports are most commonly associated with loan approvals, there’s more than just getting approved for a credit card, auto loan or mortgage that the little three-digit FICO score is used to calculate.
For instance, credit scores are also factored into things like auto insurance premiums. Yes, credit scores count for insurance too, which makes credit repair all the more important and quite the lesser known credit tip.
So just how is a credit score factored into an insurance premium? An insurance provider will typically base premium rates on an insurance score. And this insurance score takes into account your credit history in order to predict your likelihood of being involved in an accident or filing an insurance claim. Studies detail how credit history can be linked to risk and accident potential. However, Federal law requires car insurance companies that offer less favorable terms for consumers with no credit, or poor credit score, to inform consumers of their score and of the name, address and phone number of the reporting company that provided them with the score.
A credit card is a very powerful financial tool when used wisely. The unfortunate thing is that there are many misconceptions that surround the card such that it’s hard to separate the facts from the myths. Here are 4 facts about the card that will help you with the understanding.
Fact #1: Applying for a new card affects you immediately
Many people think that a new credit card does not affect them until they use it, which is untrue.
You need to know that applying for a new credit accounts for up to 10% of your credit score, even if you don’t use the card; therefore, your credit score is affected the moment that you apply for the new card.
To be on the safe side you should avoid applying for the card unless you need it. Experts recommend that you should apply for a new card when your limit is too low and you are not willing to lower your spending.
Fact #2: It’s very dangerous to pay less than the total minimum payment
Transferring money online is not just for people working abroad. With the internet, you can send money to someone for various reasons using a ewallet which guarantees that your information, as well as that of the person to whom you are transferring funds, is always safe, and that transfers are always instant.
If you have never done this before, you may be wondering about the different ways to transfer money online. You may even be considering doing it in the future, but want to know about all the different purposes of using a ewallet for a service like this. Here are a few ways to consider:
1. Transferring money online to your child abroad. If you have a child and they are studying or travelling abroad, using a ewallet is very useful in helping them out when they need a little extra cash. Whether the cash is for school books and supplies, rent and accommodations, groceries, train or plane tickets, sending money online to them can get them out of a bind or back home for a visit in mere moments.
Credit is a very important part of our financial profile. It takes credit and debt to help define your status as a borrower. Too little credit can flag you as a risk, but so can too much credit debt. So where’s the balance?
Having a few lines of credit with minimal to moderate balances can be good for your credit score. The key comes in having an overall cycle of appropriate credit use. Making reasonable purchases and paying off the balance in a few months time one way to improve your score. Don’t underestimate the power of a zero balance. Even keeping paid off accounts open a while can bump your score. Further, having credit actually makes you less of a lending risk in the eyes of creditors. If you have never had a line of credit, getting one is far more challenging than it is for those with appropriate amounts of credit with less than average balances.
Having too many lines of credit or too high of debt balances on those accounts can be detrimental to your credit. Charging more
Credit cards were once the be-all and end-all of online payments, but there’s a reason that has changed. There are so many alternative payment options out there today and every online shopper has their own preferred way to pay. By offering a variety of web payment processing tools for your customers to choose from, you can significantly improve your sales.
Credit cards are under threat by new alternative payment processing solutions. Web payment processing began as a way to increase the security of online shopping by allowing people to make purchases without revealing their sensitive financial information, but it’s become so much more.
However, while more and more people are moving away from using credit cards when shopping online, because there are more online payment options than ever before, not all shoppers are choosing the same alternatives. As an online entrepreneur, you need to offer as many choices as you can in order to convert the most customers.
A study by Quality Research Associates has found that websites providing four or more payment methods had a sales conversion rate 20% percent higher than those offering just
In contrast to bank lenders, alternative lenders typically place greater importance on a business’ growth potential, future revenues, and asset values rather than its historic profitability, balance sheet strength, or creditworthiness.
Alternative lending rates can be higher than traditional bank loans. However, the higher cost of funding may often be an acceptable or sole alternative in the absence of traditional financing. What follows is a rough sketch of the alternative lending landscape.
Factoring is the financing of account receivables. Factors are more focused on the receivables/collateral rather than the strength of the balance sheet. Factors lend funds up to a maximum of 80% of receivable value. Foreign receivables are generally excluded, as are stale receivables. Receivables older than 30 days and any receivable concentrations are usually discounted greater than 80%. Factors usually manage the bookkeeping and collections of receivables. Factors usually charge a fee plus interest.
Asset-Based Lending is the financing of assets such as inventory, equipment, machinery, real estate, and certain intangibles. Asset-based lenders will generally lend no greater than 70% of the assets’ value. Asset-based loans may be term or bridge loans. Asset-based lenders
In today’s fast paced environment you may often find yourself concerned about the needs of customers. Success of your business depends on efficient operation of your company and happiness of your customers. An easy way of fulfilling both these requirements is making the checkout process as easy as possible. In today’s electronic era people like to pay through credit and debit cards instead of carrying cash with them. If you start accepting credit cards for your business, you’re more likely to make your customers happy.
In order to accept credit cards you’ll have to purchase a credit card processing terminal. But choosing the right one may not be easy sometimes because a large number of options are available in the market. So in this article I want to make the entire process easier for you by breaking it down in simple points.
All these terminals serve the basic need of processing payments. However, the ways are different. Some of these obtain card information by a swipe while others require your customers to enter the data manually. Let’s have a look on three tips that’ll help you in
Credit is extremely important, especially in today’s ever changing economical world. You may have suffered bad credit in the past and are looking for a way to fix it. This is very important as our credit rating affects whether or not we can take out new loans, or even start something as simple as a contract with a mobile phone. Companies need to know you are able to pay them and they judge this on your previous credit history, good or bad. So first we must ask.
What Is Credit Repair and What Is The Credit Score Breakdown?
If you may have suffered bad credit in the past then this is vital to know what credit repair is and how you can repair it efficiently. You will also need to know what the credit score breakdown is all about to take full advantage. A credit score is information that is gathered based on the information given by your credit report. You could think of it as a test, the higher the score the better your credit is going
Do you find yourself amazed that information can be sent anywhere in the world instantly and effortlessly, yet making a financial transaction online is still so challenging and comes with such long delays? Well, there may be a good reason for it – and a good reason why you should stick with it, especially when you consider other ways to send money can also be difficult.
Picture this: you’re working on a project with someone on the other side of the world. You can communicate, draw and share designs with each other, write up a business plan and come up with a budget for the project, all seamlessly and instantly no matter where you may be. Then you hit a snag when the funding comes in and you need to divide the funds according to your agreed-upon budgetary requirements. You never thought that in this day and age, sending money online would be easier.
Why exactly does it seem so hard to figure out how to transfer funds online? It seems to be the only thing that the internet is incapable of doing quickly and efficiently. There
Talk about debts, loans and leverages is taboo for many investors. They avoid these things like the plague.
Sometimes I agree; however, the present is not that time.
Currently, anyone can secure a loan for five years on a fixed mortgage at an interest of only 2.99%. And if I invest the money in a taxable account, the interests become tax-deductible. After tax, my loan interest goes down to almost 1.6%. So, if I am one with a 46% marginal tax-rate (income range from $136K to $514K in Ontario as of 2014), my after-tax expense is only more than 1.6%.
If you are aware that your cost is 1.6% yearly for five years, what are the chances that your investments will be profitable? What level of risk are you incurring?
One area to begin your search at is the last 991, five-year periods to get some valuable information. Personally, I would look at the wide U.S. market S&P500 starting in January 1926 until June 2013. More than 991 various five-year periods – a new period starting and ending each month – will show how many