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Monthly Archives: November 2018

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 be responsible for choosing the right debt solution for you, negotiating with the lenders for your best interests, proceed with legal proceedings if needed and help repay your debt in accordance with your conveniences.

Once you hire a professional to work on behalf of you, they are completely responsible for communicating with the creditors, rid you from their constant harassments, and choose debt solutions that would help you appropriately.

It is however extremely important to find the right service in order to overcome a debt situation efficiently. Any inappropriate advice can make a difficult situation even more unmanageable. There are some common ways that can help you find the right debt advisor during financial crises.

  • Internet browsing can be a significant method of seeking reliable debt advice services. Through web browsing, you can make a list of services that seem to be appropriate for your situation, and proceed to have a thorough discussion with them regarding the detail of their services and charges before hiring them.
  • You can also take help from friends, family and other acquaintances in finding services that are reliable and proficient. Finding any kind of service through referrals can prove to be highly effective and beneficial.
  • Even local phone directories can help with finding the names of reliable debt advice services.

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? If you are an owner of a retail business, you will want to ensure that your chosen payment processor accepts all kinds of cards such as Visa, MasterCard, etc so that none of your customer has to face any problem during the payment.

How long will they take to complete the entire process? Many service providers of online merchant accounts complete their job within a quick turnaround time. Ask them directly how long they will take for your account set up and for the installation of the equipment so that you can chalk out your plans. If you have selected the right service provider, they will assist you with patience in every step.

There are dozens of credit card processing companies, some of which includes major players. However, you have to be very critical while choosing your processor. Look for a company which provides solutions to low-risk and high-risk merchants. Moreover, companies that provides onshore and well as offshore services can be a good option to make a choice.

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 consider the different advantages of using online bill pay:

Hassle-free

Individuals can save on time when using the online bill pay platform. Instead of writing out checks, wetting stamps and filing lots of papers, they can set up an online account to get rid of all these steps. It will also be easier and faster to manage their debt.

When they need to go over past bills, they do not have to waste time in looking for them – because all their account information can be seen in one centralized location.

Cost Efficient

They can save on the stamping costs, which can add up. The average household gets 15 bills every month, which could amount to $70 a year in just postage costs.

They can avoid late payment fees that are incurred every time a payment is received after the due date. Missed payments could lead to the following:

  • Increase in interest rates;
  • Late payment charges and over limit fees.

When the payment is past due, their account could possibly go to collection status.

Convenient

What is a more convenient solution to managing debt? Individuals could create their own automatic online bill account, so they can set up recurring payments that are to be regularly withdrawn from their account. This decreases the chance of late /lost payments, saving time in the process.

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, realize your profits, because that’s the “growth” purpose of investing in the stock market.
  • When your income purpose securities rise in market value the equivalent of one-year’s-interest-in-advance, take your profits and reinvest it in similar securities; because compound interest is the safest and most powerful weapon we investors have in our arsenals.

On the flip side, and there has always been a flip side (more commonly dreaded as a “correction”), replenish your equity portfolio with now lower priced investment grade securities. Yes, even some that you may have just sold weeks or even months ago.

And, if the correction is occurring in the income purpose allocation of your portfolio, take advantage of the opportunity by adding to positions, increasing yield and reducing cost basis in one magical transaction.

  • Some of you may not know how to add to those somewhat illiquid bond, mortgage, loan, and preferred stock portfolios quite so easily. It’s time you learned about closed end funds (CEFs), the great “liquidators” of the bond market. Many high quality CEFs have 20 year dividend histories for you to salivate over.