Category Archives: Finance

Posted by March 4, 2019Finance

How To Get a Bad Credit Loan

What is bad credit

Bad credit can easily happen to anyone because of the different circumstances in your finance. You may lose your job or use up your money for an emergency causing you to default in your credit card loan. When you default your credit card loan, this is what is referred to as bad credit. Most if not all loan lenders stay away from providing loans to people with bad credits because they cannot trust that you will pay back the money in time. A bad credit card score means that you have a number close to 0 as opposed to one close to 999. When the number is closer to zero, it means that you have a bad history of paying back your credit card loans and do not pay them back in time. While you may have a bad credit card score, you may still need a loan.

Bad credit card loans

Some agencies and companies can provide personal loans to people with bad credit cards. These loans are specially made for these people because it may be difficult to find other loan lenders with the bad credit card. There are some tips that you need to follow if you have a bad credit card score and are in dire need of a loan. First, choose the right lender for your loan. Some of the organizations that offer personal loans for bad credit scores include credit unions, banks, and online lenders. When looking for the right online lender, it is essential that you look at their terms, limits and interest rates. Which takes us to our next tip choose a lender with a higher loan limit. It is essential that you choose one with a limit higher than 1000 dollars. This ensures that you get more for whatever purpose that you need the money for.

Interest rates

One downside for a bad credit card loan (check out NeedMoneyNow’s bad credit loans service) is that the interest rates are much higher than normal loans. Therefore the third tip is to choose a lender that has interest rates that are competitive. This is important because it ensures that you can pay back the loan plus the interest amount. Another tip is to check the repayment period. It is crucial to choose a repayment period that is longer and provides you with ample time to pay back the loan. The repayment period may differ with the interest rate. If the interest rates are high and the repayment period is little, it will not be advisable to take such a loan. Lastly, do enough research on bad credit card lenders. Relying on information from reviews may send mixed messages especially from individuals that were unable to qualify for their loan. Do your research and identify what loan lender best works for you.

 

Posted by January 29, 2019Finance

How to Easily Get a Loan

See where you stand financially

To assess your ability to get a loan, you should first where you stand financially. There are several factors to look at that can determine your chances of getting a loan and this is an important first step. Lenders reading your loan application will assess certain elements of your financial profile. Knowing where you stand in these metrics will allow you to determine your ease of getting a loan.

 Credit History

Credit history is one of the factors that lenders will look at it. A credit history is a report of how well you have managed your credit over the time you have possessed your accounts. It also examines your repayment history and any credit card debt you may have. It matters because a good credit history will illustrate to lenders that you are financially and fiscally responsible. This will also impact the amount of interest you will have to pay on your loan.

 Capacity

This is a measurement of your capacity to pay back a loan or make payments. This takes into account your income and expenses. The balance of your income and expenses is called the debt-to-income (DTI) ratio. The lower the DTI ratio, the more likely lenders are to approve your loan request.

 Collateral

Collateral is something that you own. This can be a house or a car or anything that you own that is valuable. This helps lenders assess the risk of granting a loan. If you have collateral that they can seize in cases of non-payment, then it makes them more likely to grant your loan.

 Capital

Essentially, capital is your saved up money and/or your investment portfolio. Banks and lenders will look at this when assessing your likelihood of getting a loan. This illustrates your ability to pay back a loan in the case of losing your job or main source of income.

 Conditions

Finally, market conditions matter. In a booming or growing market, lenders are more likely to give out easy loans, as there is more of a chance that you will be able to pay it back. In a more volatile market or a market in decline, however, lenders will be more hesitant to give loans, because it is riskier and less likely to be paid back.

 Conclusion

These factors will determine if it is easy or not for you to get a loan. After applying, lenders and banks will look at your: credit history, capacity, collateral, capital, and conditions. These five C words will determine your likelihood of being granted a loan, and if so, for how much money and with what interest rate. If you are rated well in these categories it will be easier to get a loan than if you are not. There is no secret or easy trick to get a loan, but making sure that you assess your factors like the lender will, can make it significantly easier.

Posted by August 14, 2018Finance, Uncategorized

Non-profit jobs and companies: how to use the experience you have in the non-profit arena

If you currently work for a corporation, but have always wanted to work for a non-profit instead, now may be the time to make your move.

Before you go looking for positions on a non-profit job board, however, there are a few things you will need to know about transferring your work experience from a company to a non-profit, and how to make a non-profit see you are the right person for the job.

Learn everything you can about non-profits — Before you send out a single resume, be sure you understand what a non-profit is, how it works, where it gets its money, and how an organization becomes a 501 (c) 3 company.

Download ebooks about non-profit work from your usual ebook seller, and learn everything you can about them. After all, once you do begin to submit resumes, you want to be sure you use the right language, and you know exactly how the organization you are applying to operates.

Write down all your experience and apply it — Once you understand more about non-profits, you will understand how different they are from companies.

That means you will also understand what type of experience can be useful in a non-profit organization. Write down all the experience you have that fits into what may be appropriate, and then re-write your resume so that it incorporates it all.

Emphasize any volunteering you have done — While not every non-profit prefers to hire people that have already worked in one, most do prefer to hire someone that has at least done volunteer work with one.

If you have not volunteered with a non-profit before, now is the time to get a volunteer job for a few months. If you have, be sure that is emphasized both on your resume and in your cover letter, as well as in any interviews you are given.

Learn about the turn-over rate — Be absolutely sure you want to work for a non-profit before you begin sending out resumes.

The turn-over rate in non-profits is often much higher than in corporations, as their employees get burnt out so quickly. After all, it can be a very stressful environment. Especially if you are working for a non-profit with low funds, or one offering services to at-risk clients.

Cultivate your people skills — People skills are more important than just about anything else in the non-profit world. That means, where you may be able to get away with a less personable personality in a company that is not likely to happen in a non-profit.

That is why, if your people skills are not very good, it is important to work on them until they are. A person with exceptionally good people skills is far more likely to be given a job in a non-profit than in a traditional company.

Relationship building skills are the most important thing so, if you have them already, emphasize that when you are interviewed. If you do not, do everything you can to learn them as they will be put to good use should you be hired.

Posted by May 20, 2018Business, Finance

Ensuring That You Have The Perfect Business Card

A business card should be one of the first things that you get when starting your business. Having a business card allows you to show people your business and give them all your contact information. You can also leave your business cards out at various places to reach everyone that may want to use your services. There are two ways that you can get a business card. You can either do it yourself or hire a company to make the business card for you.

DIY Business Cards

There are many programs online that you can get in order to do your own business cards. These will allow you to create a unique design and put in all of your information. You will be able to control all the aspects that go into the making of your card. However, it can be difficult to come up with a design for your card. You will want something that stands out and attracts people. You will want to make sure that the font is also easy to read and that you include all of your information. You will also want to make sure you proofread everything that you put on your card. Printing out your cards can also be a pain. Your printer may not make them stand out as much and cutting them out can be a real pain. This can take a lot of your time and effort.

Getting your Business Card Designed by Professionals

Instead of dealing with doing your cards yourself, a much better option is to hire a professional company that knows how to do business cards. A professional company can take your information and what you want in a business card and turn that into a design. Once they complete your design, they will send it to you for final approval. They will handle putting everything on your card and when it comes time to print, they will handle the cards and have them cut out for you professionally. You will not have to worry about a thing. You will be able to sit back and wait for your cards that will surely amaze your clients and future clients.

Don’t settle for a bland business card. Get a professionally designed business card that will make you stand out from your competition. Once you have your business cards, remember to pass them out often. Look at places where you can place your business cards and always keep them there.

Posted by April 22, 2018Business, Finance

The Ball and Chain of Big Business Bureaucracy

The business world is full of David and Goliath stories that illustrate how quickly a large, well-resourced company can lose ground to the little guy. Like stereotypical musclebound bodybuilders, big businesses are strong, but they can become inflexible over time and lose the advantages that propelled them to success as startups. Why? Bureaucracy.

You Can Fight City Hall!

The larger a business grows, the more it tends to become ensconced in a cocoon of middle managers who develop policies and procedures that make decision-making tougher than turning the Titanic. While a leadership structure that defines authority is necessary to ensure clear communication and coordinated efforts, hierarchies can become so bloated that the process of making necessary strategic changes is slowed by endless deliberation and the need for too many people to reach a consensus.

There’s no doubt that government regulation and labor issues encourage an environment in which rules reign, but the larger management grows, the more self-perpetuating it becomes as risk-averse department heads seek to validate their positions by creating ever more policies that undermine the need to adapt and curb the enthusiasm of talented staff.

Create a Yes Culture

Today’s consumers are savvy. They don’t take no for an answer and if a business won’t meet their needs, they’ll find one that will. Start-ups with nothing to lose and the will and flexibility to make things happen are finding unprecedented ways to say yes. They’re wowing customers with attention, great service and a demonstrable appreciation for their business.

In large companies, customers and decision-makers are often insulated from each other by layers of management and a plethora of rules that force employees to eliminate every reason to say no before finding ways to say yes. Customers feel like they’re invisible and unappreciated.

Never Stop looking Forward

Corporate culture is notorious for suffocating innovation because it’s risky and threatens the status quo. As many top-level managers put it (see The Deal – August 2016 – Lowy), while start-ups are busy looking for new ways to gain an edge, big business is often satisfied doing things the way they always have.

Bureaucracy in a large company incentivizes employees to resist change. The accountability processes created to ensure repeatable and profitable results can put the need to innovate on the back burner as creative staff works on the premise that avoiding risk and maintaining existing profits is more important than developing cutting edge ideas.

This mentality is often conveyed to employees unwittingly by members of management who measure staff performance by comparing quarter to quarter profits instead of looking at the big picture. When maintaining gains over a three month period seems like the singular goal, even the most talented staff will develop tunnel vision.

Big business tends to lose operational and strategic flexibility over time simply because it takes longer to turn an ocean liner than a row boat. But, avoiding the bureaucratic traps that slow decision-making, make a business less responsive to customers and stifle innovation is a must for growth in a market that thrives on constant change.

Posted by January 23, 2018Finance

Find out how you can get a personal loan

At some point in life everyone will find themselves in a place where they may need a little extra money to take care of things. This is the reality for the working class. Emergencies like car repairs and home improvement issues will often play a part in the type of loans that people need when it comes to getting things done.

How to Get a Personal Loan

There are going to be a lot of people that are able to benefit from personal loans, but first people need to know how they can go about acquiring these personal loans for their personal needs.

One thing that people realize early is that personal loans are designed to help people that have needs for small amounts. This means that someone that is trying to get a personal loan should not expect get a loan that is in a six-figure range. That is really the first step to getting a personal loans. You need to have realistic expectations for what you’re trying to do.

Knowing your credit score

Another thing that you must be mindful of when you are getting a personal loan is your credit score. Since you are applying for a loan for yourself the credit score is definitely going to come into play. You need to have a good idea of just how high or how low your credit score is. This is really going to have a big effect on what you are borrowing.

If you believe that your credit score is questionable you should get a credit report. If it is really low you should work on trying to repair your credit long before you acquire the loan. This is going to help you out in different ways. Initially, it is going to help you gain more confidence in getting the loan because you have a better repayment history. The next thing that it is going to do is play a part in the interest rate that you have for the loan. These are all things that you need to consider when it comes to getting a loan. People that need a loan will certainly benefit from having a good credit score.

Check Multiple Sources

There are a ton of ways for people to get personal loans, but people really need to consider all the sources that are available times you will have to move beyond the traditional bank because it may be easier to acquire a payday loan with a loan company that allows you to get the money without a lot of checking in to your credit scores.

There are online resources (https://financedistrict.co.nz/loans/personal-loans-no-bad-credit-check/) for getting a loan as well. Sometimes people may need to look at multiple sources if they want to acquire multiple loans for different things. There certainly are resources out there, but the best thing that a person can probably do is talk to a loan officer about what they need when it comes to getting a loan. They would definitely need a pay stub to verify pay.

Posted by October 2, 2017Finance, Investment Options

So you are looking to sell your house?

So the time has come for you to sell your home but you have no idea what you should do. There are so many factors that are out there to consider it can be terrifying and challenging.

Luckily though we have taken the liberty to outline a few pieces of advice that can better help you make the correct decisions and thus help you get the best price you can get and a fast house sale. After all that you are selling is not just a simple item, this is a home.

Sell at the right price

What many people who decide to sell their homes to sell their home at a cost that doesn’t meet the actual home value. What does this mean, many people, who are wanting to sell their home, private their home at an undervalued price?

It is important that when you sell your home that you sell it at a cost that is worth the value of the home. Price your home at its appropriate value. Understand that there will be many people who want to buy your home and people will go beyond the recommended price.

Do not be scared to price your home for what it is. You are offering a home here.A place where a family can gather together. This is something special.

 

Make sure your closets and cabinets are empty

This may sound somewhat useless, but you would be surprised how closets that are full or cabinets that are stocked can make a person feel turned off. Imagine if you will visiting a dentist office to get your tooth pulled out at the dentist office are old products and items scattered around the room.

What you are selling here is your home. You have to make sure the house is clean and tidy. Keep the appearance up, and you will be able to sell the house. Nobody will want to see your old hammy downs.

Take your possessions down

When selling your house, you have to remember that you are leaving your home. What does this mean? Pictures of old residents and family members can make the house you are trying to sell a home that someone else is stealing.

Even more so, nobody wants to hear that your mother lived in this house all her life and died in that room. As graphic as this may sound, this will have, unexpectedly, the wrong thoughts in a person mind.

The home you are giving way must always be meant to serve as just that, a home. Make sure that you can make the house feel welcoming and that the family that is looking is also willing to buy.

Final Thoughts

Selling a home can be an exhilarating experience. Letting go of such an excellent valued possession is never easy, but it can be fascinating and gratifying knowing that you have given your home to someone else who will love and cherish it as much as you did.

Your home is an extension of you and your family to make sure that you have dressed it up appropriately. Happy selling everyone.

Posted by September 22, 2017Finance, Investment Options

Not sure what a surety bond is or why a particular construction company would use one? Find it out now.

If you are about to hire a construction company for a job, you may have heard that you should also make sure the company you hire has a surety bond.

Not sure what a surety bond is or why a particular construction company would use one?

If so, here is a quick explanation of the role of a surety bond as well as why a good construction company should never start a new job without one.

What are surety bonds? — This is an assurance that the company putting up the surety bond, usually an insurance company, believes the construction company you are going to hire is not only capable of doing the job but will also complete it in the time needed.

If this does not happen, the construction company collapses mid-way through the project or cannot complete it anywhere near the time you need, then the company issuing the surety bond pays for the completion of the project or the damages you have incurred.

Why do construction companies use surety bonds? — Most construction companies that use them do so because it gives the company a lot more legitimacy.

After all, with so many construction companies going bankrupt mid-way through jobs or not being able to complete them in the time needed, if a company has a surety bond it makes the would-be client much happier about hiring them.

With a surety bond, the construction company is also less likely to go bankrupt and more likely to complete the job on time and within the budget.

This is because, in order to be able to get a surety bond, most insurance companies ask for indemnification from the owner of the construction company. Once indemnification has been handed over, the company’s owner does not want to lose it so will do everything in his power to make sure the job is completed and under the specifications you wanted.

How can a surety company prevent a job from not being completed? — Another wonderful thing about a construction company with a surety bond is that the insurance company does not want anything bad to happen with the job either. If it does, they can lose a huge amount of money on a failed construction project.

So, if they do feel like the job has a chance of collapsing or the construction company going bankrupt, they will sometimes offer technical help to them to try to get them back on track.

If that does not work, they may send a construction manager to try to rein in the project and get it back in track. If all else fails, then an insurance company may even offer financial help as an incentive for the construction firm to finish the job.

What happens if the job or the construction company does collapse? — If the firm you have hired does go bankrupt or has problems completing your construction project, you should contact the insurance company that issued the surety bond.

They will then make sure the job gets completed in the manner that was first agreed upon.

Posted by September 1, 2017Finance

What is settlement risk and how can you make sure yours is limited?

If you are about to sign a contract with someone where foreign currency exchange is involved, you may be being told by a financial adviser that you need to look at the settlement risk of the agreement before you sign.

If you are not sure what settlement risk is, that can make signing the agreement a little more frustrating or confusing. Do not worry, though. Settlement risk is actually quite easy to explain and, if you believe you may be subjected to it, there is something you can do to limit that outcome.

What is settlement risk? — This is the idea that when you enter into a contract with someone, there is going to be a risk that at the end of the contract the settlement does not happen as agreed upon.

That can mean the person agreeing to pay you a certain amount does not pay or, if they do, they pay much later than agreed. When a late payment occurs, that can force you to extend credit to them you do not want to extend, or to be short of money yourself.

So how do you limit your settlement risk to ensure it does not happen?

Why is settlement risk the most dangerous when it comes to foreign currency exchange? — You are being warned about settlement risk as you are entering into an agreement that involves foreign currency exchange. The most risky of things when it comes to settlement risk.

Why is settlement risk so risky here? That is because if you hold up your end of the bargain and pay the money you are supposed to pay at the end of the contract, the money you pay will then be converted to the other person’s currency.

If they do not pay you the money they owe you in their currency, however, they get to keep the money you paid as it has already been exchanged but you do not get yours. This happens often when foreign currency exchange is involved as part of a contract.

What to do to lessen your settlement risk — There are many different financial services solutions that deal with settlement risk. For example, an easy solution, if you can get the other party to agree, is to send your payment through a bank that deals with settlement risk in particular.

This type of bank is set up so that payment is done in a different way than with a regular bank.

You pay the money you owe the other person as part of the agreed upon deal, and you pay it into that particular bank. The bank holds your money and does not pay out to the other person until their money is also in the bank. Both currencies are then exchanged at the same time and each person gets their money.

If the other person does not pay into the bank the amount of money they owe, then they do not get your money transferred into their currency. The money is then returned to you so that you do not lose that as well as the money that was not paid by the other person.

Posted by June 19, 2017Finance, Investment Options, Trading

Are There Legitimate HYIPs?

What are HYIP’s?

Before you can talk about whether HYIPs are legitimate or not, you need to first understand what it is. The acronym HYIP stands for, high yield investment program. A typical HYIP program will offer around one percent returns on investment, per day. In most cases, this type of program will be set up using a website, that may not be clear as to how exactly your money will be invested. Vagueness on the details is usually a hallmark of HYIPs. This is why you should be very careful, and do your due diligence before even considering investing in an HYIP. In a nutshell, an HYIP is just a fancy term for a pyramid scheme.

Of Pyramids and Investors

For those of you who do not know what a pyramid scheme is, the mechanics of it are quite simple. First, the investment “opportunity” is brought forward by a small group of people, or sometimes by a single person. Then, whoever joins the business will be required to bring more people to join them. Each subsequent enlistee will be placed under the person who brought them in. Everyone who joins the program after the first person will be required to pay a fee to the immediate person above them and so on and so forth until it trickles up to the person on top. Therefore, the earlier you join, the higher up you will be on the food chain, and the more money you will make. It doesn’t take a rocket scientist to figure out that such a scheme not only can’t sustain itself for long, but the people who joined towards the end (most of them) will lose money.

Keeping it Legit

Are HYIP’s legal? Well, that depends on how you look at it. All HYIP’s are pyramid schemes, but not all pyramid schemes are not illegal. This has to do with fraud. If an HYIP is committing fraud, then it doesn’t matter what business they are in, it is illegal. They could be feeding the poor and tending to the sick, it won’t matter because fraud equals illegal. There have been legitimate businesses based on the pyramid scheme model for quite some time, even now.

But even in those cases, they are involved in a specific business, such as selling consumer goods like food or detergents and are not going around promising the moon to its investors, based on nothing. The difference is that a legitimate pyramid scheme is not only promising fairly high ROI, but they require people who join to sell products, from which a portion of profits moves upwards as seen in pyramid schemes. This is what makes them legal. In other words, it’s not just about pushing money up to the next person, which is what most HYIPs are.

How to Spot a Red Herring

First of all, use a monitoring website, like HYIP to check if a program is a scam, or actually paying. Before considering an HYIP there are a few things to look into. If an address is given make absolutely sure it is legit. Giving fake addresses is a common ploy of fake HYIP’s. See if they have any type of certification. If they do, make sure it is for real. In some countries, it is possible for anyone to purchase a certificate of incorporation for a small fee. Look for phone numbers, if one is provided, give them a call and ask them to give as much info about their company as possible.

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