Saturday, 30 November 2013
Credit card companies put those agreements to make the user aware of the features offered by the card and consequences which they may have to face if they miss to make the payments on time. So you must know all the details of the credit card payment agreement form, before you sign it. On this form, you can find many clauses, which are extremely important.
The terms and conditions in the credit card payment agreement may have a substantial change and the credit companies send out notices when they increase the annual or yearly percentage rates which they charge on the outstanding balances. Hence, it’s important to go through those notices too in order to avoid unpleasant surprises at the end.
The credit card payment agreement forms include information about fees, interest rate, credit limit, grace period and so on. It provides you with the perspective of a situation which can happen if you do not pay on time. So it is important to keep a constant eye on the credit card payment agreement form. In this kind of situation, it is good to transfer the amount in a card which has low APR to the one that has high APR, if you have multiple credit cards. Many credit card companies use tricks of raising the fees and intimating clients with a notice. You may sign the contract by trusting the words in the agreement but later you realize that you need to pay more than what you expected.
Recently many companies are charging transaction fees charged on advance cash from the card. So, do not be in the impression that all the credit cards charge you the same fees and interests. You must go through the clauses that explain the charges before signing any credit card payment agreement form. You must have knowledge on the updated interest charges which are levied on the cash by the companies. These rates always change according to the APR charged by the company. Sometimes companies do not charge anything extra, but they may include some surprising new clauses which were not included before.
Having such a card can be really helpful when you are for example shopping and you do not have enough cash. However, if not used with care, these cards can build up a debt and you may end up paying all your earnings to settle your bills.
Many credit card companies put the client into trouble with the changes in the terms and conditions of the credit card payment agreement form. They sometimes make very little alterations, which can get you into a big trouble. You must ensure that you notice every possible change in the agreement.
Wednesday, 27 November 2013
Both OptionFair and EZBinary offer the same rebate amounts and cover the same major categories of asset types. This already puts the two brokers on par for a large part of the possible factors for comparison.
The first main difference between the two appears when you compare the maximum gain with each broker. With OptionFair, you can have a maximum gain of up to 350%, whereas with EZBinary, the maximum gain varies greatly with the type of trading that you choose to do. The EZBinary platform features different kinds of trading, and your maximum gain with their Digital trading is only 85% but for their Touch trading, that soars to a maximum gain of 400%.
Which of these is the better choice for you depends largely on the type of trading that you prefer to do. If you have traded before and prefer straightforward trading, then perhaps OptionFair is the better choice for you in this regard because it does not have the different platforms that EZBinary has. With EZBinary, you will be better rewarded if you are willing to take the time and effort to learn about their different trading platforms and take advantage of the high maximum gain offered by their Touch trading.
Although both brokers feature assets across the same major categories, EZBinary offers over 200 different assets that you can trade on, whereas OptionFair offers only 40 different underlying assets. This is a big difference, and on the surface it seems that EZBinary should be the clear choice. However, you need to understand your own trading preferences before you make a decision based on this factor. OptionFair offers the major underlying assets, which would in fact be more than adequate for most casual traders. It is only the more sophisticated traders who are ready to start diversifying their financial holdings widely who would require the larger range of underlying assets offered by EZBinary. If you are such a trader, however, then EZBinary is the clear choice in this case.
Finally, EZBinary also offers a great many extras, whereas OptionFair offers a much more no-frills experience with mostly no extras. The extras offered by EZBinary mostly involve the provision of information and alerts through email, which can be useful for the conscientious trader who makes use of all the information at hand before deciding on a trade.
Making A Choice
While the ultimate decision rests with you and should be determined by the broker that you feel most comfortable with, OptionFair seems to be the better choice for beginner traders who need a straightforward and easy-to-understand trading platform while EZBinary is the better choice for more experienced traders. With OptionFair rebates and EZBinary rebates when you sign up through the right website, however, you should be well set to trade no matter which broker you eventually sign up with.
Monday, 25 November 2013
1. You look as if you were a job hopper.
Everything you put in your application letter reflects who you are as a person and an employee. If you have on your past jobs list those positions you held for just a month or two, you will be in trouble. Of course, no company will be confident in hiring someone who can’t seem to stay long in his job.
What you can do is to delete all the jobs in your profile that lasted below three months. If you think you have a less impressive work history, you can make use of the “Tell Us About Yourself” section to give a brief explanation of why you were not able to stay in a job for a long time.
2. You don’t act like you are interested in the job.
As a job seeker, there is no excuse for you not to return the calls of prospective employers. Keep in mind that employers don’t wait for a particular job applicant to respond to them as there are many others out there just waiting for their call. Once you get a message from the human resources department of an interested employer, it is so wrong to think that they may call you once again. Make sure they will feel that you really like the job and will do everything to get it.
3. You seem too weird.
Although you may have all the skills and experience required to get a particular job, these will be of no use if you start to freak out the hiring manager. When posting an online profile, make sure that the email address you will use sounds formal and see to it also that the photo you are going to post looks professional. Of course you don’t have to pretend to be someone else, but it is really improper for you to show off all your tattoos on your profile picture.
4. You are careless.
You may not know this, but many employers simply dump job applications that are full of typos. You need not be a spelling champ, but the simple spelling or typing mistakes that will appear in your application letter can definitely give employers the impression that you are careless. When you write your online profile and your job application letter, try to have someone else read it. This way, it will be easier for to come up with a flawless and impressive profile and application.
Friday, 22 November 2013
Naturally after a firm develops some solid estimates around capital and growth needs the question then becomes 'How much of this funding should be borrowed via debt?'Contrary to what management and financial mangers understand, debt is actually the cheapest for long term financing, supplemented of course by the fact that the interest on the debt is tax deductible.
So should the business owner or financial executive take on all that debt? Clearly too much debt will restrict and potentially damage the firm, and perhaps even exposing the company to failure. Having said all that the business owner still then has a legitimate right to ask "What is the appropriate amount of debt for my company then?"The answer is that a company has to plan towards finding a target debt ratio, or capacity that reflects their business and industry, as well as the concerns of any of the owners, re: guarantees, etc.
The essence of the business owner's analysis is the ability to understand the company cash flows which will pay down, or service that debt. Most business owners don't do enough planning in this area, and their analysis needs to be much more formalized.Company owners quickly understand that because there is a limit to how much debt a company can take on, there has potentially to be an influx of owner or equity capital. Business owners and equity investors at that time have to have a strong sense of the value of the company both currently and on a longer term basis.
Practically speaking entrepreneurs and business people in all business sectors and in companies of all sizes are never going to be always eligible for either Venture capital or traditional financing, most commonly associated with Canadian chartered bank finance.It sounds almost too simple but the famous 3 C's of business credit (actually its personal credit also) can help the business owner /financial manager determine if they are eligible for the full amount of the funding they might need. (In many cases they will be eligible, but not for the full amount of borrowing they require to run/grow).So those C's?
They are the world famous (to finance people at least) character, capacity and capital. Traditional financiers are of course risk adverse so when debt is high, or your growth is rampant that's when alternative financing must and should be considered.Some examples of alternative financial solutions include:
Inventory /PO / Contract funding
Sale leaseback and bridge loans
Private equity loans
Asset based non bank lines of credit
Business owners must be totally focused in the current environment of understanding the current realities of loan and debt negotiation. It is here an experienced advisor can become invaluable.
Quality of the lending partner becomes key here. Most business owners eventually realize that all the banks have, give or take the same rates. They don't have the same people though! Therefore quality of service and commitment from the lender becomes ultra important.In summary, business owners need to constantly assess their needs for debt or equity capital.
Those needs are immediate, intermediate, or over the longer term. Cash flow and owner philosophy on borrowing will dictate how much capital, and as we have seen, from where it comes. Owners that plan and understand the borrowing market will be more successful than those that do not. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your business funding needs.
Monday, 18 November 2013
Everyone with financial problems wants to find the most manageable and cost-effective way of clearing existing debts. But the task can be complicated by very low credit ratings, which can affect the chance to secure the funds that can make a real impact.
But thankfully, a debt consolidation loan exists purely for the purpose of clearing debts, so the issue of credit scores is much less significant. But to be effective, the right terms need to be secured, and that is why there are certain factors that need to be considered before agreeing any loan deal.
Why Consolidation Works
Before looking at specific terms when seeking a debt consolidation loan with bad credit, it is important to understand how a consolidation loan actually works. Basically, it is a single loan that replaces a number of individual loans by buying out the remaining balances of each.
The key advantage of this option is that the monthly repayments fall dramatically, thus easing the financial pressure. This is accomplished by the fact that a single interest rate on the principal sum costs less than 4 or 5 different rates paid through the individual loans.
By clearing existing debts in one go, the credit score is also automatically improved, thus helping to improve your credit reputation too. But securing the right terms is essential for the debt consolidation loan to be effective.
The Terms To Seek
The key terms to look for when getting a debt consolidation loan with bad credit relate to keeping the size of the monthly repayments as low as possible. This means that the lifetime of the loan needs to be as long as possible, thus reducing the share of the principal repaid in each month.
The interest rate is important too, of course, but the impact that it makes is less significant. With 5 individual loans, the interest rates might vary between 4% and 7%, depending on the individual loan terms. But replacing them with a single rate of 5% means money is saved each month.
If the term is long enough, then this is actually the cheapest way of clearing existing debts. For example, repaying a $75,000 debt consolidation loan over 10 years may cost $675 per month. But over 20 years, it would cost as $330. Terms of 30 years are available.
Finding the Best Deal
So, where is the best place to apply for a debt consolidation loan with bad credit? It will come as no surprise that the Internet is the best resource for finding the best loan deals, as online lenders consistently offer better terms to bad credit borrowers.
Using a comparison site when searching online is an effective way of finding deals that offer specific terms that the applicant might want. But it is also important that any prospective lender is checked out properly. After all, clearing existing debts efficiently is the idea, and an unscrupulous lender can ruin that.
So, spend some time checking out the range of debt consolidation loan offers, and find out the lender reputation on the Better Business Bureau website. Only do business with an A+ grade lender.
Saturday, 16 November 2013
So what is income protection insurance?
Income protection insurance is a type of policy that will pay you up to 70% of your monthly income if you cannot work because of accident or illness. This means you do not have to rely on state benefits or your savings if you are out of work for a long period of time.
How does it work?
If you are unable to work because you get ill or are involved in an accident, income protection will begin to pay out a monthly sum, which is tax free. Income protection policies can be designed to pay out for just 12 months, or up until retirement age if needed.
How can I use the money?
You can use the money however you wish, but most people choose to meet the costs of their mortgage repayments or other debts, to prevent losing their house or other possessions. The money can also be used in the same way you use your income- to pay for food, car insurance or school fees for example.
How much does income protection cost?
The cost of a policy will vary hugely depending on each individual person. If you choose to cover a large portion of your income your premiums may be higher, and if you want your policy to be able to pay out until retirement you may pay more than a short term policy. In addition your age, whether you smoke and even your occupation can all have an effect on the price.
What about cover for redundancy?
There are policies called accident, sickness and unemployment insurance which are designed to cover you against redundancy as well as falling ill. These policies will only pay out for a maximum of 12 months even if you cannot go back to work or have not found another job in this time. Redundancy insurance can also be bought as a separate policy altogether, but this is often a more expensive option.
Are there exclusions?
As with all insurance your income protection policy will have exclusions on it. Typical examples include dangerous sports and occupations, conditions due to drug or alcohol abuse, and deliberate self-injury.
In addition, your policy will probably exclude any pre-existing medical conditions you have suffered from. This is to prevent people taking out a policy simply to claim on it straight away.
Could I take out a policy?
To be eligible for income protection insurance you usually have to be over the age of 18, having a job for a minimum number of months, and employed more than 16 hours a week in permanent employment.
You can see that income protection insurance can be an excellent investment, but as with most types of insurance it is better to take out a policy BEFORE you need it, as a safeguard for the future. So insure your money making machine now!
Wednesday, 13 November 2013
For millions of Americans, the pressures created by credit card usage can be extremely high. Consolidation is seen as the most proactive way to set about dealing with the debt, and getting back on financial track. But securing consolidation loan approval despite having bad credit scores does depend on satisfying certain conditions.
The big question, however, is whether or not taking out a debt consolidation loan can really make any difference to the pressure created by credit card debt. Thankfully, the answer is that it can.
How Consolidation Clears Credit Card Debt
Unfortunately, it does not take long for the minimum repayments due on a credit card bill to become too much to handle. With the interest rates as high as 21%, just 2 or 3 missed payments can almost triple the size of the minimum payment. But even when seeking debt consolidation loans with bad credit, the benefits are clear.
Consolidation involves combining all of the credit card balances into one sum, then taking out a single loan to repay the amount in one go. It means that, not only is only one debt to be repaid, but that only one interest rate is charged, thereby reducing the overall cost of the debt and making repayments much more affordable.
Securing consolidation loan approval with bad credit requires some effort, but the effort is certainly worth it. After all, with credit card balances paid off, credit scores are increased. This then means any future loan and credit card application is more likely to be approved with good terms. But how can a debt consolidation loan be secured with bad credit?
Why Bad Credit Does Not Matter
Many people think that applying for a debt consolidation loan with bad credit is doomed to failure. After all, the size of the loan is often quite big – perhaps $10,000 – and the chances of success seem to be minimal.
But the fact is that low credit scores are actually not very important at all. Lenders are much more interested in other issues, such as affordability. They know that a credit score is only a reflection of past actions, but reveals nothing regarding a current ability to repay. Therefore, regardless of a credit rating, securing consolidation loan approval is always possible.
In terms of proving affordability, issues like employment status and income are important, as is the state of the debt-to-income ratio that the applicant might have. Of course, since a debt consolidation loan is designed to clear debt, lenders are more open to approving those applications.
Finding The Best Lender
The task of finding the right lender is a little complicated when attempting to secure a debt consolidation loan with bad credit. While the low credit score does not prevent approval, the terms of the loan might not be so good. So, finding a lender that offers good terms is important.
Online lenders tend to offer the best deals usually, and because they specialize in bad credit lending, securing consolidation loan approval is not difficult with them anyway. Their terms usually mean a lower interest rate and, most importantly, a longer repayment term. That way the monthly repayments are kept low, ensuring the debt consolidation loan is the most affordable possible.
Monday, 11 November 2013
There is no doubt that the weight of debt can be quite heavy for students, with research showing that college graduates enter the jobs market with debts of $30,000 on average. This means that properly managing college debt is an essential part of the early part of working life.
This is where a consolidation program can be of great benefit, clearing the outstanding balances on student loans and replacing them with one, more affordable debt. However, there are some issues that need to be considered before choosing the program most suitable.
Typically, students take out at least 5 loans while in college, often to cover living expenses as well as pay their tuition fees. But none of them are cleared before taking out another, creating a complicated web of loans, repayments and interest rates. A private student loan consolidation program simplifies matters.
All of the debts are grouped together and cleared with a single loan. And because it is a single loan, a single interest rate is applied. This invariably means the overall cost of the best is lowered. And because the loan term is lengthened to as much as 25 years, the monthly repayments are kept low.
So, managing college debt in this way ensures it is fully repaid and replaced with a more affordable debt that places less pressure on the shoulders of the graduate. But there are conditions to consider when clearing student loans.
Conditions to Consider
First and foremost is the type of loans taken out when in college. The two types are private and federal loans, but these do not mix well in one consolidation program. This is why there are private student loan consolidation programs and federal consolidation programs, and the terms of each are very different.
Federal loans are typically better in their terms than private loans because the support of federal government removes risk and lowers the interest rate charged. A private loan typically charges higher interest so is more expensive. And because of the greater expense, managing college debt from private loans is usually a priority.
Also, private consolidation programs accommodate a wider range of loans, while approval is open to practically anyone who wants to make repaying their student loans more affordable. Federal programs are exclusive to students in dire financial situations who need assistance.
Other Factors To Consider
A private student loan consolidation program offers plenty of benefits to students and graduates looking to clear their debts. Most are already mentioned, but others include the long-term benefit of improving the credit rating. This is due to the clearance of the individual loans, which are marked down in the credit record as fully repaid, but it is important to maintain repayment of the consolidation loan too.
These programs are available to students still in college as well as graduates. And the fact they can be granted 25-year terms means managing college debt becomes very affordable. Graduates, meanwhile, can get terms of up to 30 years.
However, keep in mind that it takes time for the application to be processed, with many lenders taking about 6 weeks to confirm approval or not. And, while awaiting approval, it is essential that the usual monthly repayments on the student loans are made.
Saturday, 9 November 2013
Professional liability insurance is a necessity if you are working in certain fields. Doctors, other medical professionals, lawyers and others need this protection against lawsuits. No matter how well you perform your professional duties, there is still a chance that you will be sued. Even unfounded suits require the expenditure of time and money that you can't necessarily spare. As the incidence of lawsuits continues to increase, so does the need for liability insurance to protect your practice, even if the law does not mandate it for your particular profession. Liability insurance could save you a great deal of money and stress in the case of a wrongful suit against your business.
Depending on your insurance provider, you may be able to receive your professional liability insurance through your health and life insurance company. Ask your agent whether or not their company or one they are partnered with offers professional liability insurance. They will hopefully be able to help you find the plan best suited to your specific professional requirements. It's important that you can find an agent who's knowledgeable about your field and understands your particular needs. These needs will vary by profession and situation, so it's good to get to know your insurance agent well.
Don't be afraid to shop around for an agent who will offer a good combination of advice and affordable rates if your current health and life insurance agent can't provide what you're looking for. You may also be able to find companies that will offer life, health, and professional liability insurance plans through professional associations to which you belong. Small businesses can benefit from carrying liability coverage in case of accidents on the premises. Businesses who intend to put on a short-term event can sometimes acquire temporary insurance to protect them for that span of time, even if they don't normally operate in a fashion that requires insurance.
If you are able to get your professional liability insurance through your existing provider, your agent may be able to cut your costs by offering a package or umbrella deal. These deals may not exist with every provider and will vary. Members of specific organizations may find that those organizations have specific insurance providers which are willing to offer them a good deal on their insurance as well as other types of insurance. Contact any professional organizations you may be a part of to research this possibility.
One of the advantages to working with your existing health and life insurance agent to get professional liability insurance is that they will already know you. Working with a familiar face can simplify the sometimes stressful process of finding the right plan. Also, an agent who already knows you can more easily identify your particular needs. Depending on the company you already receive your health and life insurance from, you may be able to acquire insurance through them more simply than you would be able to get it from somewhere else.
Wednesday, 6 November 2013
Kinds of Payroll Systems
Generally speaking, there are 3 types of payroll systems, namely computerized, manual, and external. In some cases, it is possible to combine two of these systems together. However, there are some risks involved should you decide to combine in-house payroll processing and outsourcing, for instance. This could even result to you having bigger problems and even IRS penalties.
COMPUTERIZED PAYROLL: In this day and age, there are so many different types of computer software designed for payroll processing. In this process, data is inputted into the computer, which will be the one to perform all the necessary calculations. You will also find software programs that can process your W-2 forms. The advantages of this type of payroll processing are that it is not time consuming and comes with fewer errors. However, it may not be very simple to correct the errors made during the computation and it could take some time to modify the information in it in case employees are fired or hired.
MANUAL PAYROLL: In a manual payroll processing, it would either be the employer or a company employee who will do the calculation of salaries every pay period. The entire process involves assessing insurance, vacation time, taxes, and many other deductions applicable to each and every employee. In comparison to hiring a payroll service company, this is less costly. However, just one employee handling the computation may not be enough. The person in charge of the payroll computation will also be spending a lot of time to make sure there are no errors in the salary and tax computations.
EXTERNAL PAYROLL SERVICES: Many companies are now opting to outsource their payroll services. In this case, another company will be the one to process the company’s payroll, complete all tax payments as well as generate reports at the end of the year. At first glance, you may think this idea would cost the company a lot of money. But the truth is that outsourcing payroll services can prove to be very efficient and cost-effective as well. The good thing about hiring an outside company to handle your company’s payroll is that they are liable for all the mistakes and the problems that could arise later on due to improper salary and tax computations. However, it is still very important to choose the right and most reliable payroll company to ensure quality and reliable payroll processing.
Monday, 4 November 2013
But for many people, the first step in taking control of spiraling debt is a debt management program instigated by professionals who make it their business to better organize your repayment schedule. The idea is to make everything more manageable, but this does not always turn out to be the case.
So, what is to be done when the management program is not working and a switch to a settlement program becomes the more prudent option. Both can make the task of clearing existing debts a lot easier, but can the switch be made? The answer is yes!
Settlement Vs Management: The Key Difference
So, what are the differences between the two programs? Well, to be honest, the differences are pretty major, and the consequences that come with them are very different too. The biggest difference, however, is that with debt settlement programs, the full amount of debt is not repaid.
This kind of program involves representatives negotiating a final figure that is a percentage of the total amount due. A good debt settlement company will be able to negotiate as little as 30% of the existing debt, usually by arguing that anything more is impossible to pay.
A debt management program, on the other hand, sets about paying the full amount of the debt by instigating a strict financial management regimen. It is usually done by the management company clearing existing debts in full on your behalf, in return for effectively taking control of your finances for a given time.
Debt Management And Settlement: Pros And Cons
There are both advantages and disadvantages to whatever type of program is taken up. But a key advantage that debt management has over a debt settlement program is its long-term consequences. For example, because all debts are paid off in full, the credit score is improved, making better terms available for future loan deals.
In contrast to a debt management program, settlement agreements are noted in credit reports as clearing debts in part. This means the credit score is affected, and any future loan application that lender will take this information on board. This can make approval a little more difficult, but is certainly likely to see less than perfect terms offered.
Of course, clearing existing debts is the most important factor when current financial pressure is extremely high. However, there is little doubt that settlement agreements have the more severe consequences.
Making The Switch
Before making the switch to a debt settlement program, it is essential that everything be discussed with your debt counselor. Simply switching might seem like the right move, but expert advice is very important to take on board – there may be a better way, especially when creditors want repayment in full, and are probably willing to re-negotiate repayment terms to accomplish that.
If the only practical decision is to abandon your debt management program, then make sure to check out the prospective debt settlement companies carefully. They will charge fees, so take that into account in assessing the worth of the move, and make sure they have an impeccable reputation.
Be sure to let your creditors know your decision, and secure a detailed debt management report to ensure your new position is crystal clear. Clearing existing debts through debt settlement does mean significant savings, but be aware that a single lump sum payment may be needed in some cases.