This is default featured slide 1 title
This is default featured slide 2 title
This is default featured slide 3 title
This is default featured slide 4 title
This is default featured slide 5 title
 

Free Debt Advice

Professional debt solution services can help you in a number of ways to overcome severe financial difficulties. Let us discuss in brief the various steps followed by them while assisting their clients.

  • They engage in a thorough discussion to get a clear understanding of your financial situation. They obtain detailed information regarding the debt amount, names of creditors, your annual income and your basic monthly expenses.
  • They provide you the necessary information on your legal rights and the various options that you can avail in order to deal with the debt situation. They make you aware of the various debt solutions available, and the one that would cater to your requirements. The advice offered by them is based on individual financial circumstances, needs and conveniences.
  • Professional services that are aided towards working for your best interests rather than working towards their profit, would always offer free debt advice. You would be charged only if you wish to proceed further to avail more services from them. It is advisable to avoid any service that charges you for offering debt consultation.
  • Expert services once hired, would

Secure Credit Card Processing

If you want to expand your small business and aspire to become a business giant, it is crucial to find a trustworthy payment gateway for your credit card. If you fail to do online sales management, hit the brake and ask yourself – ‘What’s stopping to do it properly?’ May be you cannot manage your online sales because of the inefficiency of the service provider you have chosen. But, you still have time in your hand and it’s better to change your service provider before any mishap. When your service provider is genuine, it will ensure you secure credit card processing. All you have to do is to ask some simple questions while picking your service provider. Check out the questions you should ask.

What are their fees? The fees of the merchant services for website are inclusive of the application and set up fees, monthly statement fees, interchange fees, and early termination fee. Your service provider should clear all the doubts regarding the fees and check whether they have any hidden cost.

What are their types of accepted payment?

Online Bill Pay

Generally, it is a payment method that lets an individual carry out payment instructions to creditors electronically through a computer program. This can virtually get rid of errors, making it easier to manage debt. In addition, it is faster than mailing checks.

Online bill payment methods come in two basic categories: those being offered via a bank, and those offered via a service provider- like a credit card or phone company.

In general, online bill pay is designed to be fast and simple to use. Majority of major banking institutions, as well as businesses, provide this service without any charge. Individuals can choose to manually enter their payments every month, or arrange for an automatic withdrawal from their account. Automatic withdrawal allows them to set up their payments before their due date without worrying about giving manual instructions to make a monthly payment. The creditor will transfer funds straight from the bank, and enter these funds into their account with no action needed whatsoever.

Advantages of Choosing Online Bill Pay

The following information will help you

Investment Strategy

We are becoming a culture of speculators, where hindsight is replacing the reality-based foresight that once was flowing in our now real-time veins. Still, the markets have always been dynamic places where investors can consistently make reasonable returns on their capital. If one complies with the basic principles of the endeavor and doesn’t measure progress too frequently with irrelevant measuring devices, growth in working capital, market value, and spendable income are quite likely to happen… without undue risk taking.

The classic investment strategy is so simple and so trite that most investors dismiss it routinely and move on in their search for the holy investment grail(s): a stock market that only rises and a bond market capable of paying higher interest rates at stable or higher prices. This is mythology, not investing.

Investors who grasp the realities of these wonderful (speculation driven) marketplaces recognize the opportunities and relish them with an understanding that goes beyond the media hype and side show “performance enhancement” barkers. They have no problem with the “uncertainty”; they embrace it.

Simply put, in rising markets:

  • When investment grade equity securities approach the “reasonable” target prices you have set for them,

Negotiate Business Debt

Time can be a business’ enemy or friend, depending on how soon the debt is acted upon. Immediately contact creditors and explain the current debt situation. Ignoring lenders will make the situation worse. Tackling a debt problem in the early stages will make the process easier to resolve.

It is in everyone’s best interest to find a solution, so lenders should work with businesses to lower interest rates, increase the credit line, and restructure repayment options. Dealing with multiple creditors or collection agencies can take away from running the business. Reputable debt consultants can negotiate with creditors to settle debts for less than what is owed.

Creditors are terrified of losing the money they loaned out and need to remove the debt from their books. They will respond positively to efforts in starting the negotiation process of debt collection. Debt negotiation means creditors have the chance to recover some or all of its loaned assets.

Be prepared to put down some money. Lenders may want at least half of the loan up front. Creditors may not even negotiate until some money is given over. This is where a consulting company is useful – they could

When Hiring Debt Collectors

They free up your resources and time. This is one of the advantages of choosing to use professionals to recover your money. Truth is collecting debts can be time consuming, especially for individuals and small businesses. It is something that would need making lots of calls and arranging meetings to try reach payment agreements. Some may even decide to avoid you at all costs. When you get a third party to do the work on your behalf, you end up freeing time and resources and at the end of the day your chances of recovering are high.

They have tools you may not have to make the process more efficient. It is easy for you to lose touch with your debtors. The professionals have advanced tools you may not have to help them locate and also communicate with the debtors. They can easily be granted access to debtor information from third party sources and use advanced telephone technologies to find them.

They know how to collect where you can’t. The professionals know how to approach the debtors so they hook them and compel them to start repaying what they owe you. Even though delinquent debtors may

Unexpected Consequences of Bad Credit

Employment

Like it or not, employers address credit reports of their applicants and employees to make even more informed decisions when hiring or firing. More than 50% of large companies run thorough background checks of their prospective employees. This may sound unfair, and it probably is, but this is something you must remember the next time you swipe that plastic or miss on a payment. Potential employers may rate your responsibility level based on your financial report, so if you aspire for a position in one of the major companies, prepare for that check.

As a result, applicants with poor credit may have to take on jobs that pay $10.000 less than the applicants with better financial score. That is 100.000 in ten years’ time!

Insurance

Customers with a poor score sometimes pay twice as much for a car insurance than the ones with an average score. Why would car insurance companies make it so rough for those who struggle the most? Insurance companies assume if you have been irresponsible with your finances and got yourself into the bad score trouble, you might also be an irresponsible driver. And the same goes to all

Common Types of Debt

Business

Substantial business debt can soon build up while attempting to grow your business, expand into new markets, or buy new stock. This is often seen when it is necessary to borrow money to raise the desired capital. From business credit cards and loans, as well as the wide range of overheads involved in running a business, it is very easy to let things get out of control. In times of a difficult economy this can quickly make things a lot worse. Any difficulties with business debt should be tackled as soon as possible. Prioritize the outstanding payments and look at professional financial advice or seeking other consolidation options.

Home loan

Borrowing money to purchase a home is a must for most people. A home loan is likely to be several hundred-thousand dollars. This makes it the biggest financial responsibility and lasts for a good number of years. Plus, there is the need to consider the interest charges that will be applied over the lifetime of the loan.

Financial discipline is essential when taking out a home loan. There are a few steps that help pay down this debt, such as looking for rates

Debt Reduction

They were so ingrained that debt was something I expected to have and since I expected it, it happened. But eventually, I learned that most debt was not helping me and my family. Debt was keeping us broke and keeping us from enjoying the good things in life. It was also the driving force keeping me in the work force long after I wanted to retire. I was a slave to the creditors because I did not have a good handle on managing money and debt.

Growing up with people who expected to be in debt probably did not help me much, but the only person that I can really blame is me. I was not dumb by any means, just uneducated when it came to managing debt.

After I decided to turn things around, I learned two things that helped keep me motivated. The first thing was if you have money, debt is something you never need. The other thing was that anyone can get out of debt. It takes hard work and common sense, not debt consolidation, debt management companies or bankruptcy.

It just takes commitment, some sacrifice and time. If you are

Financial Freedom

The reason for this ridiculous amount of nation-wide debt is simple: we have no idea how to save and are really good at spending. We come by it honestly – I mean, have you heard how much debt that our government is in currently? Something to the tune of nineteen trillion dollars. Based on that statistic, I would say that it is no wonder Americans are having such heavy financial struggles! Perhaps the worst part about this whole collaborative debt-mess is that the majority of Americans not only expect to accrue debt, but they’ve settled with that reality as fact, chosen to accept it as a part of life, and are making no conscious efforts to avoid it!

The good news, however, is that living with financial debt is not a requirement, nor should it be something to settle with. There are several steps that you can take today to begin paying off your debt and walking in financial freedom. Dave Ramsey, American businessman, author, and motivational speaker who specializes in finance, created something called the “debt snowball” to teach Americans how to get rid of their debt entirely. This method has been proven to increase the

Choose Credit Unions

Easier to borrow

There is no need to await your loan status on tenterhooks since lending decisions are normally made locally, which means quicker turn-around time and more flexibility than loans with large corporations. Some can also offer signature loans to members who have good credit and standing.

Less chance of failure

Banks, insured by the Federal Deposit Insurance Corporation fail much more frequently than their counterparts. 44 FDIC insured institutions failed in 2011. That’s not to say credit unions have no chance of failing-9 NCUA insured institutions failed in the same year. However, there is much less chance of this happening since they are generally smaller and not as focused on profit. This means that they will loan less frequently and accept fewer risks

Lower loan rates

More often than not; these lending institutions can offer their customers lower loan rates. Last year, the National Credit Union Administration released information that confirmed that the average rate on a 36-month loan was about 2.85 percent. Compare that rate to an average 5.59 percent at banks, which is nearly twice the amount.

Run by customers

You can have confidence doing business with

Be Invincible to Debt Collectors

Creditors are known to be inventive when recovering their money, but the Australian law interdicts them to use misleading actions and words, to harass or coerce you, and act unconscionably towards you to accomplish their goal. Your legal rights under the Australian Consumer Law (ACL) protect businesses against aggressive creditors or collectors that might want to take unfair advantage of you. The ACL which is a cooperative reform of the Australian Government and the States and Territories, through the Ministerial Council on Consumer Affairs (MCCA) and it also ensures that this type of conduct is not tolerable towards your family members, partner or anyone else connected with you. However, there are some actions that a creditor has every right to undertake such as issuing a statutory demand, a statement of claim and judgment, a notice of winding up, a garnishee, a director penalty notice and use debt collectors as long as they do not use coercive methods.

If you are in debt and you feel that creditors are not proceeding according to the law, you can ask the help of a professional counseling company. In the worst case scenario, you will face liquidation, but you will at

Eliminate Your Debts

If this sounds familiar, you are not alone. Millions of people are currently living with debts that seem to drain their bank accounts and wallets dry. However, there is hope. It’s not easy and will require a great deal of focus and discipline, but you can eliminate your debts once and for all. Let’s take a look at a plan of action that consists of only three steps and has been proven to be the best method for eliminating debt.

1. An Accurate Current Status

To start off, you need to have an idea of what debts you have, their remaining balances, minimum payments, and their current interest rates. Create a list that contains this information, along with the company you owe the debt to. Once you have that completed, arrange the list in one of two ways.

One way you can arrange your list is by using the remaining balances. Start with the account that you have the highest amount left to pay and work your way down the list to the lowest remaining balance. Another method for creating your list is by using the same procedures but start your list with the account

Effectively Pay Off Your Debts

1. Establish a Budget and Track It

Creating a proper budget is a great way to analyse and plan finances. By allocating a set amount of money towards a specific expense per month, the amount of expenses can be monitored more stringently and precautionary steps can be swiftly undertaken if the expenses overshoot the stipulated budget. It is only through proper budgeting can individuals or households create the necessary surpluses to pay off any existing debts.

Certain financial tools, such as Excel spreadsheets or even Mint.com, are particularly useful in keeping track of a personal or household budget.

The main problem for an individual who does not keep track of his/her monthly expenditure is that he/she does not know if he/she ends the month with a net reduction in savings, i.e., spending exceeds income and eats into savings. Knowing the amount of leftover balance is crucial since a continuous negative balance might lead to the creation of new debts. It is this type of debt that is the most dangerous as it rolls over at seemingly manageable interest rates month after month. Before the individual knows it, he/she would have made hefty payments on interest

Manage Credit Card Debt

To break this cycle of ever increasing debt the first thing that has to change is your mindset. You must believe you are worth something, that you are valuable, and are a special and unique person. This is not an easy thing to perceive, especially if you have had a life full of people telling you something other than this. To have an identity, to know who you are, is a place of contentment, If you are content, you will stop striving for things, if you are happy, it does not matter what you have or do not have. You are created in the image of God, allow Him to define you, God say’s you are fearfully and wonderfully made, he took his time putting you together, He thought about what your purpose was and gave you the tools to achieve that purpose. This God sent His Son who we killed, but that was part of the plan, because without His death the Comforter could not come, If you need some financial comfort, know that godliness with contentment is great gain, and that without a credit card, you immediately rid yourself of a source of credit card debt

Telephone Banking

There are various transactions that customers can access using the telephone banking. They include the obtaining of the balance in the account as well as a short list of transactions that are carried out lately. Customers can get electronic bill payments as well as transfer of funds between one customer to the other. Documents and cash are never used in telephone banking and if this is needed, one has to go to the branch or use the ATM.

How does telephone banking help?

From the point of view of the bank, the telephone banking usually reduces the costs involved in handling various transactions by reduction of customer visit to the bank branch for withdrawals or deposit transactions that are non-cash.

How to access the telephone banking facility?

To be able to get into the telephone banking of a certain banking facility, you have to do a registration with the institution for that service. You may get a customer number and passwords to verify your identity whenever you want to use the service.

The customer calls a special phone number that the bank sets up and then goes through the authentication process before they

Dealing With Debt

My guide won’t just get you out of debt rather you’ll get out of debt way faster than you ever imagined.

Follow the following steps to get out of debt now:

1. Control Your Spending

You can’t spend money you do not have. Therefore, if you want to be debt free, you must spend less money than you earn. Start by eliminating the things you don’t really need from your scale of preference i.e.. learn the act of prioritizing. How much money would you have to spend if you eliminated newspapers, magazines, cable TV, second cars and cut back on eating out?

2. Decide How You Spend Your Money

Every charity, church and good program is asking for money. “Just give a dollar.” These dollars add up. If you have a job and a good income you can spend as much as you can. But if you’re trying to be debt free then don’t let other people tell you how to spend your money.

3. List All Your Debts

This is a very important move; it shows your seriousness to become debt free. Get a piece of paper, a Google sheet

Use Your Credit Card Smartly

1. Higher Credit Limits

While accepting Cards from a bank, you must check the credit and spending limits. Always look for highest limits, as that will help you emerge as qualified creditors. You will not only gain the flexibility to plan high-priced purchases but also get the opportunity to prove your credit worthiness.

2. Paying bills on time

Overdue amounts and card bills can affect your credit score negatively. If you fail to pay the overdue amount within stipulated periods, make sure you have adequate finances to pay off the pending amounts. It’s highly imperative to pay overdue on time, as that is the key to getting qualified for higher credits.

3. Understand rewards

Most of the individuals receive special gifts on their cards. However, they fail to understand the ways to use them. You should comprehend the clauses, understand them, and then redeem special discounts. Every Card owner must know his credit limits as that will give him the freedom to pay.

4. Clear, complete overdue amounts

At times, you might come across an option where minimum overdue can be paid. Steer clear of choosing such options as that won’t

Equity Financing

Equity financing, simply put is raising capital through the sale of shares in an enterprise i.e. the sale of an ownership interest to raise funds for business purposes with the purchasers of the shares being referred as shareholders. In addition to voting rights, shareholders benefit from share ownership in the form of dividends and (hopefully) eventually selling the shares at a profit.

Debt financing on the other hand occurs when a firm raises money for working capital or capital expenditures by selling bonds, bills or notes to individuals and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise the principal and interest on the debt will be repaid, later.

Most companies use a combination of debt and equity financing, but the Accountant shares a perspective which can be considered as distinct advantages of equity financing over debt financing. Principal among them are the fact that equity financing carries no repayment obligation and that it provides extra working capital that can be used to grow a company’s business.

Why opt for equity financing?
• Interest is considered a fixed cost which has the potential to raise a

Avoid Mortgage Drawbacks

Oh, that major lifestyle changes. Even if you have a rather stable financial stature, a major lifestyle change may affect the decision of lenders. Let’s say you are suddenly “in between jobs.” Expect to be under tighter scrutiny. This will also be the case if, say, you have a newborn child or if you are looking to move to a new apartment or in the middle of a major home renovation that calls for a lot more than purchasing a diamond blade. Naturally, lenders will favor those who have stayed at one address for a considerable amount of time.

Of course, large outstanding debts are a no-no. Obviously, people with large outstanding debts are less likely to be approved. This comes naturally as they will be looking at the borrowers’ ability to pay off. So, be sure you have things settled before approaching banks or lending institutions for a loan. No lender will approve a borrower who has major outstanding debts, that’s for sure.

Bad, bad credit rating. As much as large outstanding debts will not get your loan approved, such is the case if you have a bad credit rating. Be sure you don’t have