With rumours running wild about another interest rate rise next month and fixed rate mortgages disappearing faster than you can say inflationary scary monster, what can homeowners do to protect themselves against painful higher interest rates?
The main reason for the expected rise in the base rate by the Bank of England next month is that inflation jumped from 2.8% to 3.1% in March, as measured by the consumer prices index. Alarm bells rang and the governor of the Bank of England had to write to the chancellor, Gordon Brown, to explain why inflation had risen more than one percentage point above the 2% target.
The only way to kill the inflation beast is to hoist interest rates and, in anticipation of a rise, the City pushed up their swap interest rates, the future rates that the banks and building societies are charged for borrowing. Hence the withdrawal of some cheap fixed-rate mortgage deals from a number of lenders.
The end of cheap lending?
What it means to us is that we won't be seeing the low interest rates of between 3.75% and 4% enjoyed a couple of years ago for some time to come.
The Bank of England put up interest rates by a quarter of a point in August, then again in November and once more in January, taking the base rate to 5.25%. Some economists are now talking about the base rate rising to 5.75% and even 6% (the real scare mongers have mentioned 7.5%). Certainly, most expect another quarter-point rise in May to 5.5% but some think it could be a half a point - the last time the Bank of England moved base rate by more than 0.25% was December 1995.
If the base rate truly is heading towards 6%, mortgage rates could start edging up towards 7.75%, from 7.25% today. And we won't be able to rely on bouncing house price rises to get us out of a tight spot. Economists don't expect the mini boom seen over the last few years to continue. The Financial Services Authority has recently been talking about a 20% fall in house prices.
Fine if you’re on a fix, not if you’re on a variable
Nevertheless, another interest rate rise won't unduly affect the majority of homeowners, because around 60-70% of mortgage borrowers are already on fixed-rate mortgages.
And if you've been sensible and paid a bit extra each month, you've made your own safety net. You could readjust your mortgage payments so you are paying the same as you were before.
That means those on standard variable rate (SVR) mortgages and on fixed rate deals that are just about to end are going to feel the pain the most. Another base rate rise could add almost £50 a month to a £150,000 variable rate repayment mortgage over 25 years and that's on top of three other recent rises.
Too late to get a fix?
Fixed-rate mortgages have been getting more and more popular over the past year because you know what you will be paying every month.
The Council of Mortgage Lenders reported that in February, fears that further interest rate increases could be on the cards caused 87% of first-time buyers to choose a fixed rate mortgage, up from 84% in January.
Following the publication of the bumper inflation figures last week, a number of high-profile lenders withdrew many of their fixed-rate offers, or made them less attractive to borrowers.
Nevertheless, while many fixed-rate mortgage deals have already gone, it's not all gloom and doom because there are a few good deals still on the market at time of writing under 5.5% but you have to hurry.
Which fixed-rate deals should you go for?
Most people take out fixed-rate mortgages for between two and five years. If you want more security, go for a five-year deal. Giraffe Money is offering 5.35%, while Teachers and Britannia building societies both charge 5.39% on their five-year fixed rates. Two-year deals at 5.34% can be had from Stroud & Swindon and Skipton building societies.
But you have to remember if you take out a short-term deal, in two or five years' time you could be paying another lot of fees if you want to switch again or arrange another deal.
You could go for a 10-year, 15- or 20-year fix but the problem with these types of loans is that the redemption charges can be hefty and few of us are willing to take the risk on interest rates.
Norwich & Peterborough Building Society's 10-year fixed rate is currently 5.52%, its 15 year costs 5.74% and its 20 year 5.68%. While you can overpay by up to 10% a year penalty free, if you redeem the mortgage within the term there's a fee of around 6% in redemption charges on the outstanding balance. On the plus side, you would always know how much you will be paying each month but if interest rates fall you could be stuck paying an expensive mortgage.
* This week’s best two-year fixed rate mortgage deals
* This week’s best five-year fixed rate mortgage deals
Alternatives to fixed-rate mortgages?
If you can’t find a good fixed-rate deal, you could opt for a discounted or a tracker mortgage that follows the Bank of England's base rate.
While they can be cheaper than standard variable rate mortgages, they are still variable and your mortgage payment will go up if the base rate rises (it will also go down when rates fall once more).
Remortgaging not right for everyone
However, the problem with switching to a fixed-rate mortgage is that sometimes the fees can outweigh the advantage of the lower interest rate especially if you have a smaller outstanding balance left on your mortgage.
So you have to make sure you do your sums carefully.
Thursday, July 5, 2007
Mortgage In Europe
Getting a house loan in Italy can offset the High Euro:
To find out more about real estate loans in Italy please fill out our contact form - Thank you.
The main advantage of getting a mortgage in Italy instead of the United States could offset the strong European currency. Right now the rates in Italy are generally a little Higher than rates in the US but the difference is not so much and If the currency markets work in your favor, then there are savings that arise from a favorable fluctuation in the exchange rate. If the dollar rises in value against the Euro, then you will need to spend fewer dollars to buy the same amount of Euro you initially borrowed. This means that in real terms, your mortgage has actually decreased and your monthly repayments will be lower in dollars. Alternatively, if there is provision to do so in the terms of the mortgage, then it would be possible to maintain the level of the repayments and clear the debt early with a lower total interest bill. Given the fluctuation of the foreign exchange markets, these variations can be quite sizeable. At one point in 2000, the Euro quoted .83 had declined 15% percent against the US dollar but right now the Euro is 25% stronger at approximately 1.26.
Of course the opposite can be said : your house loan in Italy will cost you more if the dollar will keep loosing ground versus the Euro. Given the relative strength of Euro at the moment, it would seem that this risk is fairly small. In any case, the more that you borrow, the greater your exposure to the risk and the more you could end up having to pay if the currency swings go against your favor.
Most Italian / European lenders will advance you a maximum of 75 percent of the property value for a foreign currency mortgage. This 75% does not seem very high as a percentage to the 'American eye' but is very high for Italy - I remember that only a decade or two ago bank will only loan an affective 50% of the value of the property. Right now if you are considering investing in real estate in Italy could be a good time to have a loan in Euros.
To find out more about real estate loans in Italy please fill out our contact form - Thank you.
The main advantage of getting a mortgage in Italy instead of the United States could offset the strong European currency. Right now the rates in Italy are generally a little Higher than rates in the US but the difference is not so much and If the currency markets work in your favor, then there are savings that arise from a favorable fluctuation in the exchange rate. If the dollar rises in value against the Euro, then you will need to spend fewer dollars to buy the same amount of Euro you initially borrowed. This means that in real terms, your mortgage has actually decreased and your monthly repayments will be lower in dollars. Alternatively, if there is provision to do so in the terms of the mortgage, then it would be possible to maintain the level of the repayments and clear the debt early with a lower total interest bill. Given the fluctuation of the foreign exchange markets, these variations can be quite sizeable. At one point in 2000, the Euro quoted .83 had declined 15% percent against the US dollar but right now the Euro is 25% stronger at approximately 1.26.
Of course the opposite can be said : your house loan in Italy will cost you more if the dollar will keep loosing ground versus the Euro. Given the relative strength of Euro at the moment, it would seem that this risk is fairly small. In any case, the more that you borrow, the greater your exposure to the risk and the more you could end up having to pay if the currency swings go against your favor.
Most Italian / European lenders will advance you a maximum of 75 percent of the property value for a foreign currency mortgage. This 75% does not seem very high as a percentage to the 'American eye' but is very high for Italy - I remember that only a decade or two ago bank will only loan an affective 50% of the value of the property. Right now if you are considering investing in real estate in Italy could be a good time to have a loan in Euros.
Wednesday, June 6, 2007
THE BUY AND HOLD STRATEGY
There are ways to make money in the stock market, as long as you are patient. The stock market is the best place to try and make money, because it offers many diverse companies (varying in size and sector) in which to invest. And while there will always be stories of those people who made their money in the market very quickly, the majority of successful investors are those patient people who employ a buy-and-hold tactic.
If you chose to employ this strategy for your investments, be sure to research not only the mutual fund you will be using it for, but the manager as well. Although I do tend to look at past performance of a mutual fund as part of my research, I also pay close attention to the fund manager. Often times there are new, or newer, funds that don’t have any type of track record to go by. These same funds may have the same fund manager as another, successful fund. While this doesn’t guarantee that the new mutual fund will enjoy the same success that the other fund did, it will help calm those fears of investing in an unproven mutual fund. Chances are, the new fund will be subject to the same rigorous standards and practices that the other fund is. You also want to take a look at what the manager is doing with his or her funds. If the market is overpriced, as it was during the last few years of the 1990s, then you want to see that the mutual fund manager is taking steps to make sure that a market correction is not going to hurt the fund. However, knowing if that’s the case is not as easy as it sounds, since mutual funds are protected by the Securities and Exchange Commission and aren’t required to disclose what their positions are in their underlying equities at all times. The most recent information will either be in the fund’s annual report and prospectus or on the fund family’s Web site.
Whatever the market conditions are, though, you want to feel confident that your mutual fund manager will be able to react appropriately to help protect the mutual fund and its shareholders. Sometimes, funds will have a limit on what the managers can do. These limits will be listed in the fund’s prospectus. The more limits, the less action the manager can take and vice versa. Ideally, you want to see that there are few limits placed upon the fund manager. If there are few limits, the fund manager needs to have a lot of experience to deal with whatever the market throws at investors. The buy-and-hold strategy should be used the most during bear markets simply because it’s not a smart idea to be trading a lot when the market is down. Try not to be too worried about what happens during a down market. It’s just a time when investors aren’t buying a lot of equities. However, for many people it is the perfect time to jump in, which is why the market will go back up.
You should hold onto your securities because no one can predict the market, and thus, you won’t know when the market will begin to rebound. You don’t want to miss out on any potential growth just because you couldn’t wait for the markets to go back up. My advice for surviving bear markets? Don’t look. Don’t look at your statements, don’t look at how the markets are doing on a daily basis, and try to concentrate on other things. I know that is tough. I have many clients who are guilty of watching and charting their investments on a daily basis. These same people want to get out of their investments when the market goes down and then reinvest when the market begins to go back up. As I’ve said before, you don’t know when this will happen and by pulling out of the market, you may miss out on potential growth before you reenter it. (Again, please refer to Table 8.1 for a comparison of what happens when you miss some of the market’s best-performing days.)
Special note: Don’t be afraid to sell a mutual fund, stock, or other investment that is not performing very well and hasn’t been performing very well. Sometimes investments don’t come back from their poor performance, and sometimes they will. However, there are occasions when you need to evaluate your portfolio and cut your losses.
If you chose to employ this strategy for your investments, be sure to research not only the mutual fund you will be using it for, but the manager as well. Although I do tend to look at past performance of a mutual fund as part of my research, I also pay close attention to the fund manager. Often times there are new, or newer, funds that don’t have any type of track record to go by. These same funds may have the same fund manager as another, successful fund. While this doesn’t guarantee that the new mutual fund will enjoy the same success that the other fund did, it will help calm those fears of investing in an unproven mutual fund. Chances are, the new fund will be subject to the same rigorous standards and practices that the other fund is. You also want to take a look at what the manager is doing with his or her funds. If the market is overpriced, as it was during the last few years of the 1990s, then you want to see that the mutual fund manager is taking steps to make sure that a market correction is not going to hurt the fund. However, knowing if that’s the case is not as easy as it sounds, since mutual funds are protected by the Securities and Exchange Commission and aren’t required to disclose what their positions are in their underlying equities at all times. The most recent information will either be in the fund’s annual report and prospectus or on the fund family’s Web site.
Whatever the market conditions are, though, you want to feel confident that your mutual fund manager will be able to react appropriately to help protect the mutual fund and its shareholders. Sometimes, funds will have a limit on what the managers can do. These limits will be listed in the fund’s prospectus. The more limits, the less action the manager can take and vice versa. Ideally, you want to see that there are few limits placed upon the fund manager. If there are few limits, the fund manager needs to have a lot of experience to deal with whatever the market throws at investors. The buy-and-hold strategy should be used the most during bear markets simply because it’s not a smart idea to be trading a lot when the market is down. Try not to be too worried about what happens during a down market. It’s just a time when investors aren’t buying a lot of equities. However, for many people it is the perfect time to jump in, which is why the market will go back up.
You should hold onto your securities because no one can predict the market, and thus, you won’t know when the market will begin to rebound. You don’t want to miss out on any potential growth just because you couldn’t wait for the markets to go back up. My advice for surviving bear markets? Don’t look. Don’t look at your statements, don’t look at how the markets are doing on a daily basis, and try to concentrate on other things. I know that is tough. I have many clients who are guilty of watching and charting their investments on a daily basis. These same people want to get out of their investments when the market goes down and then reinvest when the market begins to go back up. As I’ve said before, you don’t know when this will happen and by pulling out of the market, you may miss out on potential growth before you reenter it. (Again, please refer to Table 8.1 for a comparison of what happens when you miss some of the market’s best-performing days.)
Special note: Don’t be afraid to sell a mutual fund, stock, or other investment that is not performing very well and hasn’t been performing very well. Sometimes investments don’t come back from their poor performance, and sometimes they will. However, there are occasions when you need to evaluate your portfolio and cut your losses.
Tuesday, June 5, 2007
Online Stock Trading
The Benefits Of Online Stock Market Trading
Regardless of whether you are an experienced stock trader or new to trading stock, you may never have experienced the joy of stock trading online. If that's the case, and you are currently thinking of trading online, you may want to know what all the fuss is about! To help you understand, the following are just some of the benefits of online stock market trading:
Commissions
One of the biggest, if not the biggest, benefit of trading stocks online is the reduced stock broker commissions you�ll be expected to pay. In most cases, when trading stock online, brokers will charge you a commission of between $7 and $10 per trade. However, if you trade in sufficiently large enough volume, it is possible for you to negotiate with your broker so that these brokers� fees can be as low as $0.01 of the transaction value.
Control
When you use a broker in the real world you may find that your broker will not agree to execute a trade, believing your decision to buy or sell the stock in question is flawed. When you trade stock online this is no longer a problem, your broker has no input as to when you buy and sell stock � you do!
Portfolio
In the real world some brokers will not buy certain stock � for example, some penny stocks. This may limit the stock you are able to have as part of your investment portfolio. However, when you trade online, subject to availability, you can trade in any stock - on any stock exchange - you want!
Information
With the use of computer software programs, you can use stock charts, technical indicators and real time stock prices to help you make the investment decision you want to make, when you want to make it.
Time
One of the essential elements about trading stock is the time it takes to execute the trade, as this can mean the difference between making a profit and making a loss. In the real world you have to phone your broker and ask him to sell/buy the stock. The broker then phones the trader, who gives the broker the price. The broker than tells you the price and you either agree to buy/sell or not to. If you agree to buy/sell, the trader then phones the order through to the trader. Online you push your mouse over a cursor and press buy/sell. A much quicker sell!
Volume
Assuming you are happy paying the commission, you can trade as large or small as you want over the Internet. In the real world, most brokers require a minimum buy/sell that is out of the reach of most individual traders.
Finally�
All in all, online stock trading is about �you�. It provides you with the opportunity to trade in stocks without having to pay large commissions while keeping control over your investment decisions.
Saturday, June 2, 2007
Do You Need Another Home Loan? How Much Can You Borrow Out of Your Home?
Home equity loans allow you to borrow up to 100% of your home�s value. They are perfect for the homeowner who needs quick cash to consolidate debt, make home repairs, or pay for expenses like college tuition or medial bills.
Do You Need Another Home Loan?
Home equity loans have many advantages. You can borrow large sums of money, while benefiting from a typically low interest rate. Plus, home equity loan payments usually come with certain tax advantages. If you do need another home loan, a home equity loan may be your best option.
How Much Can You Borrow Out of Your Home?
Most home equity loan lenders allow you to borrow up to 100% of your home�s value. To find out how much you can borrow out of your house, have the house appraised and equity then subtract the amount of money that you owe on your current mortgage. For example, if your house is appraised at $100,000 and equity you only owe $70,000, you have $30,000 in home equity.
No Equity? No Problem!
Many home equity loan lenders offer no equity home equity loans. Sometimes called high loan-to-value plans, these loans allow you to borrow more than your home is worth. In some cases you may be able to borrow 125% of your home�s value. If you need fast cash, but have low equity or no equity in your home, a no equity home equity loan could be the answer.
A Final Thought on Home Equity Loans
Home equity loans are a wonderful source of credit. However, before applying for a loan, make sure that you take time to compare lenders and equity research the type of home equity loan that is right for you.
Monday, May 28, 2007
Credit finance - Online Finance Credit Cards Home Loans Personal Loans
Online Finance Credit Cards Home Loans Personal Loans Auto - Get ...
The asset finance capabilities of law firms have grown as well. Meanwhile, heady new issues in the world of insolvency and credit finance consumer credit are also . ...
Source: www.students.fairfield.edu
Industry Totals: Finance/Credit Companies
American Express offers individuals online access to its world-class Card, Financial, and credit finance Travel services, including financial advice, retirement planning, ...
Source: www.opensecrets.org
Using Business Credit Cards to Finance Small Business
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
Source: ezinearticles.com
UBG Financial Corporation - Corporate Finance, Credit Enhancements ...
The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, ...
Source: www.ubgcorp.com
Avoiding Credit Card Debt | Personal Finance > Credit Cards from ...
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
Source: www.allbusiness.com
Summary of Export Credit Agency Finance in Indonesia
File Format: PDF/Adobe Acrobat - View as HTML
Source: secure.environmentaldefense.org
The asset finance capabilities of law firms have grown as well. Meanwhile, heady new issues in the world of insolvency and credit finance consumer credit are also . ...
Source: www.students.fairfield.edu
Industry Totals: Finance/Credit Companies
American Express offers individuals online access to its world-class Card, Financial, and credit finance Travel services, including financial advice, retirement planning, ...
Source: www.opensecrets.org
Using Business Credit Cards to Finance Small Business
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
Source: ezinearticles.com
UBG Financial Corporation - Corporate Finance, Credit Enhancements ...
The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, ...
Source: www.ubgcorp.com
Avoiding Credit Card Debt | Personal Finance > Credit Cards from ...
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
Source: www.allbusiness.com
Summary of Export Credit Agency Finance in Indonesia
File Format: PDF/Adobe Acrobat - View as HTML
Source: secure.environmentaldefense.org
Saturday, May 26, 2007
Ditech Mortgage Company - Home Loans, Refinancing, and
Ditech Mortgage Company - Home Loans, Refinancing, and equity Equity Find low, competitive mortgage and equity refinance rates. Get a home loan or consolidate your debt. Apply online now, quick and equity easy. 24 hour phone support also available. Quick Links: New Purchase - Home Equity - Refinancewww.ditech.com - More from this site
Find low, competitive mortgage and equity refinance rates. Get a home loan or consolidate your debt. Apply online now, quick and equity easy. 24 hour phone support also available.
Source: www.ditech.com
Private Equity - Key Executive Programme Page listing MBI successes for Private Equity at Ernst & Young UK ... Global Home > UK Home > Industries > Private Equity > Key Executive Programme ...www.ey.com/global/content.nsf/UK/PE_-_Key_Executive_Programme- 38k - Cached - More from this site
Page listing MBI successes for Private Equity at Ernst & Young UK ... Global Home > UK Home > Industries > Private Equity > Key Executive Programme ...
Source: www.ey.com
Lending home loans, equity mortgage refinance to mobile home refinancing ... loans, mortgage refinance to home equity loans - Lending home loan mortgages customized for you! ... Home Equity Lines. Cash Out Home Refinance. Jumbo and equity ...www.askgloballending.com - More from this site
... loans, mortgage refinance to home equity loans - Lending home loan mortgages customized for you! ... Home Equity Lines. Cash Out Home Refinance. Jumbo and equity ...
Source: www.askgloballending.com
Equity - Wex ... arose in England where there were separate courts of law and equity of equity. ... states, the courts of common law were empowered to exercise equity jurisdiction. ...www.law.cornell.edu/topics/equity.html- 12k - Cached - More from this site
... arose in England where there were separate courts of law and equity of equity. ... states, the courts of common law were empowered to exercise equity jurisdiction. ...
Source: www.law.cornell.edu
Equity in Education in the Yahoo! Directory Yahoo! reviewed these sites and equity found them related to Equity in Education ... Ensuring Equity With Alternative Assessments ... School Funding Equity ...dir.yahoo.com/Education/Equity- 8k - Cached - More from this site
Yahoo! reviewed these sites and equity found them related to Equity in Education ... Ensuring Equity With Alternative Assessments ... School Funding Equity ...
Source: dir.yahoo.com
Current Mortgage Rates in US - Mortgage Interest Rates for Refinance and equity Purchase Loans Comprehensive resource for current mortgage rates and equity real estate information - compare interest rates online; take advantage of our calculators and equity rate alert for ...www.saveonrefinance.com - More from this site
Comprehensive resource for current mortgage rates and equity real estate information - compare interest rates online; take advantage of our calculators and equity rate alert for ...
Source: www.saveonrefinance.com
actorsequity.org | Actors' Equity Site Map Actors' Equity Association is the labor union representing American actors and equity stage ... please click here. Actors' Equity Association . Terms of Use ...www.actorsequity.org/home.html- 9k - Cached - More from this site
Actors' Equity Association is the labor union representing American actors and equity stage ... please click here. Actors' Equity Association . Terms of Use ...
Source: www.actorsequity.org
Rock Financial - Michigan's Mortgage Experts Rock Financial, Michigan's largest mortgage company - Find programs for home loans, refinance, debt consolidation, and equity home equity loans. Michigan mortgage rates online.www.rockfinancial.com - More from this site
Rock Financial, Michigan's largest mortgage company - Find programs for home loans, refinance, debt consolidation, and equity home equity loans. Michigan mortgage rates online.
Source: www.rockfinancial.com
Find low, competitive mortgage and equity refinance rates. Get a home loan or consolidate your debt. Apply online now, quick and equity easy. 24 hour phone support also available.
Source: www.ditech.com
Private Equity - Key Executive Programme Page listing MBI successes for Private Equity at Ernst & Young UK ... Global Home > UK Home > Industries > Private Equity > Key Executive Programme ...www.ey.com/global/content.nsf/UK/PE_-_Key_Executive_Programme- 38k - Cached - More from this site
Page listing MBI successes for Private Equity at Ernst & Young UK ... Global Home > UK Home > Industries > Private Equity > Key Executive Programme ...
Source: www.ey.com
Lending home loans, equity mortgage refinance to mobile home refinancing ... loans, mortgage refinance to home equity loans - Lending home loan mortgages customized for you! ... Home Equity Lines. Cash Out Home Refinance. Jumbo and equity ...www.askgloballending.com - More from this site
... loans, mortgage refinance to home equity loans - Lending home loan mortgages customized for you! ... Home Equity Lines. Cash Out Home Refinance. Jumbo and equity ...
Source: www.askgloballending.com
Equity - Wex ... arose in England where there were separate courts of law and equity of equity. ... states, the courts of common law were empowered to exercise equity jurisdiction. ...www.law.cornell.edu/topics/equity.html- 12k - Cached - More from this site
... arose in England where there were separate courts of law and equity of equity. ... states, the courts of common law were empowered to exercise equity jurisdiction. ...
Source: www.law.cornell.edu
Equity in Education in the Yahoo! Directory Yahoo! reviewed these sites and equity found them related to Equity in Education ... Ensuring Equity With Alternative Assessments ... School Funding Equity ...dir.yahoo.com/Education/Equity- 8k - Cached - More from this site
Yahoo! reviewed these sites and equity found them related to Equity in Education ... Ensuring Equity With Alternative Assessments ... School Funding Equity ...
Source: dir.yahoo.com
Current Mortgage Rates in US - Mortgage Interest Rates for Refinance and equity Purchase Loans Comprehensive resource for current mortgage rates and equity real estate information - compare interest rates online; take advantage of our calculators and equity rate alert for ...www.saveonrefinance.com - More from this site
Comprehensive resource for current mortgage rates and equity real estate information - compare interest rates online; take advantage of our calculators and equity rate alert for ...
Source: www.saveonrefinance.com
actorsequity.org | Actors' Equity Site Map Actors' Equity Association is the labor union representing American actors and equity stage ... please click here. Actors' Equity Association . Terms of Use ...www.actorsequity.org/home.html- 9k - Cached - More from this site
Actors' Equity Association is the labor union representing American actors and equity stage ... please click here. Actors' Equity Association . Terms of Use ...
Source: www.actorsequity.org
Rock Financial - Michigan's Mortgage Experts Rock Financial, Michigan's largest mortgage company - Find programs for home loans, refinance, debt consolidation, and equity home equity loans. Michigan mortgage rates online.www.rockfinancial.com - More from this site
Rock Financial, Michigan's largest mortgage company - Find programs for home loans, refinance, debt consolidation, and equity home equity loans. Michigan mortgage rates online.
Source: www.rockfinancial.com
Tuesday, May 22, 2007
Top 20 Most Admired Companies
To create the top 20 for our 25th annual rankings, Fortune and its survey partners at Hay Group asked 3,322 executives, directors, and securities analysts to select the 10 companies they admire most. Having fresh ideas and being green are among the qualities that distinguish this year's winners.
Top 20 Most Admired Companies
General Electric
Top 10 Rank: 1
Rank among: Electronics: 1
GE's much-publicized "Ecomagination" campaign is aimed at supercharging revenues while doubling its $700 million R&D budget to come up with solar-energy hybrid locomotives, lower-emission aircraft engines, more efficient lighting, and ever more sophisticated water-purification systems. Evidently conservation begins at home: GE cut its own energy bills by about $70 million last year, partly by installing new lighting in more than 100 of its plants, and reduced its greenhouse-gas emissions by about 150,000 tons.
And for sheer adaptability over time, GE is hard to beat. Of the 12 companies Charles Dow chose to make up his original Dow Jones industrial average in 1896, GE is the only one still in the index.
Starbucks
Top 10 Rank: 2
Rank among: Food Services: 1
For years now Starbucks has paid fair-market prices to
Certainly investors have no complaints: If you had put $1,000 into Starbucks stock when the company went public in 1992, you'd have been $52,718.10 to the good at year-end 2006, vs. just $3,515.30 for the S&P 500.
Top 10 Rank: 3
Top 10 Rank: 4
Rank among: Insurance: Property and Casualty: 1
"It takes 20 years to build a reputation, and five minutes to ruin it." The man who coined this aphorism, Warren Buffett, knows a thing or two about great reputations: His company, Berkshire Hathaway, has long been a fixture on our list of
Buffett burnished his reputation even more in June 2006, when he announced plans to give away the bulk of his $40 billion fortune, much of it to the Bill & Melinda Gates Foundation.
Southwest Airlines
Top 10 Rank: 5
Rank among: Airlines: 2
Despite the turbulent fuel prices of the past several months, Southwest's 2006 earnings soared 38%, to $587 million. It was the airline's 34th straight year of profitability.
FedEx
Top 10 Rank: 6
Rank among: Delivery: 1
When Hurricane Katrina hit in late August 2005, businesses became the heroes: FedEx delivered 440 tons of relief supplies, mostly at no charge. No wonder it ranked no. 2 on last year's list. This year, it slipped a bit to no. 6.
Apple
Top 10 Rank: 7
Rank among: Computers: 2
You could say that Apple has landed - not only on our street corners and in our malls but also, for the first time, on the top ten of our Most Admired Companies list. Apple's peers have watched it upend industries from computers to music. And now it's become the best retailer in
In 2004, Apple reached $1 billion in annual sales faster than any retailer in history; last year, sales reached $1 billion a quarter. And now comes the next, if not must-have, then must-see, product.
"Our stores were conceived and built for this moment in time - to roll out iPhone," CEO Steve Jobs told Fortune. If sales are anywhere near expectations - Apple hopes to move ten million iPhones in 2008 - the typical Apple Store could be selling, in absolute terms, as much as a Best Buy, and with just a fraction of the selling space.
Google
Top 10 Rank: 8
Rank among: Internet Services and Retailing: 2
The "do no evil" company in 2005 took more than $900 million worth of stock to fund Google.org, bucking the traditional corporate foundation model in favor of something with fewer tax advantages but greater freedom to fund programs like for-profit entrepreneurship efforts in Africa.
And of course, the stock is its own success story. Google debuted on the Nasdaq in April 2004, with stock priced at $85 a share. The price is now about $450.
Johnson & Johnson
Top 10 Rank: 9
Rank among: Pharmaceuticals: 2
Long admired for product quality and smart management, J & J has prospered lately by diversifying away from dependence on its drug business and into medical devices. Nevertheless, the company slipped a bit in our rankings this year, falling from No. 6 on the 2006 list.
Procter & Gamble
Top 10 Rank: 10
Rank among: Household and Personal Products: 1
The Cincinnati-based consumer-products giant has been expanding its global reach for longer than most of the companies on our list. It now sells soap and such in more than 13,000 cities and towns in
Sunday, May 13, 2007
Credit Card Processing and Merchant Accounts
Did you know that when you accept credit cards online, you can expect your sales to increase by an astounding 50 to 400%? You simply can't compete if you don't accept credit cards. With our free online application, you can start accepting credit cards on your web site in less than 24 hours! In addition to accepting credit cards on your web site in real-time, you will also receive our simple-to-use, web-based credit card processing terminal so you can process transactions manually. With our versatile ecommerce software, you have a complete solution.
Don't Be Fooled By Our Competitors' Claims
Many of our competitors claim to have the lowest prices. Apply today with Charge.Com and pay $0.00 for setup and application fees for your merchant account and pay $0.00 for your software to accept online payments (a $395 value)! You can't get prices any lower than that.
Here's What a Few of Our Merchants Have To Say:
"I was hesitant to accept credit cards because I thought it would cost a lot. Some companies were charging more than $300 for the processing software. When I found out that Charge.Com offers free credit card payment processing software, I jumped on it. Now, my sales are up over 400% as compared to last month. You guys are awesome!"
- Michael Berkowitz, Bravo Rewards,
"Signing up with Charge.Com was the best business move I've ever made. In exchange for practically no money, sales immediately went up by 1000%. I challenge anyone to find a better investment than that."
- David Nixon, Chancellor Vaporizers,
"After having tried the others, I'm quickly finding out that Charge.Com really is the ***BEST*** credit card processing system there is. I'd like to come back."
- John Long, Professional One Limousine,
Look At Everything You Get By Signing Up Today:
· A credit card merchant account for immediate transaction processing.
· Secure, encrypted, SSL (Secure Socket Layer) for secure transactions.
· Online payment processing software allows you to instantly accept credit card payments in real-time over the Internet.
· A Web-based terminal for easy processing of credit card orders manually.
· Accept all Major Credit Cards including Visa, MasterCard, American Express, and Discover.
· All funds are promptly wired into the checking account of your choice.
· Convenient online reporting and management of your transactions.
· No Application Fee.
· No Setup Fee.
· No Paperwork. Your application is quickly completed online.
· FREE American Express Setup
· FREE ecommerce shopping cart for your web site
· FREE Search engine submission - we submit your web site to all of the major search engines.
There Has Never Been A Better Time For You To Accept Credit Cards.
Apply today for a credit card merchant account with our free online application and pay no application fee and no set up fee. You can accept major credit cards for your sales within 24 hours upon completion of the online application and approval.
Thursday, April 26, 2007
Services - Payments
Point of Sale (POS) Payment Processing Services
POS terminals, as the name suggests, are the preferred way of processing credit/debit cards, checks and smart cards in a traditional merchant's environment. POS terminals offer an appropriate solution for consumers looking for flexible shopping experiences and enterprises looking to reduce costs and maximize space. The merchant swipes/hold the customer's card/mobile device (NFC) through the terminal, key-in payment information and the terminal does the rest to complete the transaction. The applications supported include a range of payment and value-added services, including credit and debit cards, smart cards, prepaid services, loyalty, gift , proprietary services and business management solutions, such as inventory control, dispatch and delivery to name a few.
Several layers of security eliminate potential threats in POS systems making them less vulnerable and user friendly. Tarang offers the best focused solution to its customers in payments domain thus offering convenient electronic money services.
Tarang has expertise in delivering POS solutions ranging from smart card based applications to EMV implementations. The POS team comprises professionals with in-depth domain expertise in architecting, designing, developing, testing and maintaining POS application systems. We cater to the needs of a wide spectrum of industries supporting various POS applications like Credit, Debit, Gift & Loyalty, Smart card and Check.
Tarang provides solutions for POS terminals and integrate them with back office systems/TMS. The services provided are:
* POS Application development
* PC Based POS Application
* Handheld POS Based
o Credit & Debit application
o MICR Check Application
o Gift Application
o Loyalty Application
o Value Added Applications
o Smart Card Applications
o EMV Application
o Contactless Application
* Legacy Applications- Migration, Maintenance and Support
* Certification Support
* Testing
* Wireless POS solutions (CDMA/GPRS/GSM)
* EMV Level 2 Applications
* Multi Applications
* Multi Currency
* Multi Language
* Internal/ External PIN PAD
Industry wide solutions
By looking at the present opportunities in the POS Domain and also realizing the need of our customers for payment processing Tarang is offering services across a cross-section of verticals:
* Finance
o Magnetic Stripe Cards, MICR Checks, Smart Cards etc
* Retailers
o Credit and Debit Applications, Pre-paid Application, Gift & Loyalty, Dynamic Currency Conversion (DCC)
* Restaurants & Hotels
o Credit and Debit Application, Pre-paid Application
* Multi Lane
o Supermarkets - Remote Administration, Transaction Management, Updating Bank Applications, Security Management, Network Management, Gift & Loyalty, Private Applications
* Petroleum
o Petro, Gift & Loyalty, Prepaid
* Automotive Solutions
o Prepaid Taxi, Public Transport
* Mobile Commerce
o Credit and Debit, Prepaid, Closed Loop
* Biometrics
Security Features include:
* End-to-end cryptography schemes built on technologies such as RSA, DES, Triple DES and SSL
* Key management techniques, which include key generation, key exchange, and key storage
* Application data security, which includes message level security and data storage security
Technologies
* C,C++
* GP STIP
* J2ME, Windows Mobile Applications (Win CE)
* Assembly
Message formats
* ISO 8583
* Proprietary
POS terminals, as the name suggests, are the preferred way of processing credit/debit cards, checks and smart cards in a traditional merchant's environment. POS terminals offer an appropriate solution for consumers looking for flexible shopping experiences and enterprises looking to reduce costs and maximize space. The merchant swipes/hold the customer's card/mobile device (NFC) through the terminal, key-in payment information and the terminal does the rest to complete the transaction. The applications supported include a range of payment and value-added services, including credit and debit cards, smart cards, prepaid services, loyalty, gift , proprietary services and business management solutions, such as inventory control, dispatch and delivery to name a few.
Several layers of security eliminate potential threats in POS systems making them less vulnerable and user friendly. Tarang offers the best focused solution to its customers in payments domain thus offering convenient electronic money services.
Tarang has expertise in delivering POS solutions ranging from smart card based applications to EMV implementations. The POS team comprises professionals with in-depth domain expertise in architecting, designing, developing, testing and maintaining POS application systems. We cater to the needs of a wide spectrum of industries supporting various POS applications like Credit, Debit, Gift & Loyalty, Smart card and Check.
Tarang provides solutions for POS terminals and integrate them with back office systems/TMS. The services provided are:
* POS Application development
* PC Based POS Application
* Handheld POS Based
o Credit & Debit application
o MICR Check Application
o Gift Application
o Loyalty Application
o Value Added Applications
o Smart Card Applications
o EMV Application
o Contactless Application
* Legacy Applications- Migration, Maintenance and Support
* Certification Support
* Testing
* Wireless POS solutions (CDMA/GPRS/GSM)
* EMV Level 2 Applications
* Multi Applications
* Multi Currency
* Multi Language
* Internal/ External PIN PAD
Industry wide solutions
By looking at the present opportunities in the POS Domain and also realizing the need of our customers for payment processing Tarang is offering services across a cross-section of verticals:
* Finance
o Magnetic Stripe Cards, MICR Checks, Smart Cards etc
* Retailers
o Credit and Debit Applications, Pre-paid Application, Gift & Loyalty, Dynamic Currency Conversion (DCC)
* Restaurants & Hotels
o Credit and Debit Application, Pre-paid Application
* Multi Lane
o Supermarkets - Remote Administration, Transaction Management, Updating Bank Applications, Security Management, Network Management, Gift & Loyalty, Private Applications
* Petroleum
o Petro, Gift & Loyalty, Prepaid
* Automotive Solutions
o Prepaid Taxi, Public Transport
* Mobile Commerce
o Credit and Debit, Prepaid, Closed Loop
* Biometrics
Security Features include:
* End-to-end cryptography schemes built on technologies such as RSA, DES, Triple DES and SSL
* Key management techniques, which include key generation, key exchange, and key storage
* Application data security, which includes message level security and data storage security
Technologies
* C,C++
* GP STIP
* J2ME, Windows Mobile Applications (Win CE)
* Assembly
Message formats
* ISO 8583
* Proprietary
Thursday, April 19, 2007
Personal Loans with Bad Credi
- Get up to Four Offers Within 24 hours.
- Compare Offers to get the Best Rate.
- Affordable Personal Loans for any Purpose.
- Terms and Payments are Convenient and Affordable.
- No Prepayment Penalty on Several Loans.
- Money for life's Emergencies or Just for Fun!
- We are here to Serve your Financial Needs.
You can learn all you need to know here:
A wonderful place to start, loans with bad credit can every so often be very difficult to obtain. We can aid you in finding the programs that are tailored to the specific needs of clients throughout the United States. Whatever your wants we will fit a scenario that's right for you. There are so many diverse listings on the market today that it is often hard to know which one to choose. We are here to help you decide which plan is best for you. Don't wait go ahead and start the application process NOW!
Our leading goal is to help you get the sevice you deserve...
There are lots of things to remember but the main thing you should ask yourself is, what do I need this money for? Your present personal circumstances may also help you to thin down your search, in detail whether you are a homeowner or not. Other factors that might affect your chances is whether you are jobless or self-employed. There are plans available for just about every situation or reason you can think of. Get your loan with us today!
Note: In situations where there's a choice available to the customer to choose which plan is most inviting, If you're searching for a personal loan that's easy to get, your search ends here. Thinking of modernizing your house? Wanting to purchase a new laptop? Need financial aid with marriage related cost? Our program is the quickest way to get what you need in a snap. Reduce your payments to ease the strain on your monthly expenses. Gain flexibility with which you can use for any purpose - from vacations, to education, to unique purchases (You have came to the correct site).Similar Interests:
- Bad Credit (How to obtain personal loans with bad credit)
- Credit Inquiries (It's not good to have your credit pulled to much)
- Money managmenat (Your goal should be to get out of debt all together)
Don't let your situation get you down:
We major in helping you aquire your goals!
The form is easy, and privacy is guaranteed! Getting approved for a personal loan even with bad credit is as easy as filling in the blanks! You can apply 24 hours a day, 7 days a week! Why wait? You can get the things you want & deserve today! Experience the QUICK, no hassle online service provided by us! Don't deny yourself! Let us help you make your hopes a reality!We're here every step of the way to help you...
We can get you the credit you need even if you have the worst credit, poor credit or no credit! You can even get accepted for your loan even if you have recently weathered bankruptcy, divorce, foreclosure and/or repossession! From one quick form, you can get up to 4 really outstanding propositions in minutes. When you first apply for a personal loan or any form of credit there is a procedure that the lending company goes through when looking at your application. Of course, each application is distinct in some way. Many will need data such as your full name involving your maiden name, your Social Security number, and your yearly income when applying.
Note: If you have had problems, and have had a difficult time obtaining a loan because of your bad credit. We can help you. It's rare, but we actually major in helpng people that are in the same situation as yourself. You can get up to $25,000, or even get a loan in your name alone - you decide. With these listings you get the outstanding rewards when you select to use our services. We will even help you get your money in as quick of time as 1 business day! (Restrictions may apply).- nteresting Facts:
- First time borrowers (May need a co-signer)
- 3 major credit bureaus (You need to know what is on your credit bureau)
- Lenders really want to help (They are for you not against you)
Debt consolidation may be your answer:
Consolidate your bills with us!
When qualifying for settlement of your credit card debt you will want to give the person more detailed data regarding all the related issues, such as, how much money you spend monthly, your job history, and your bank account. If you choose to use our settlement services or even our other plans you will not be dissatisfied. We have so much to offer with all of our plans that you can easily see why we outrake the competetors with our solutions for people with bad credit.We are here to meet all your needs...
As the old saying goes: "A penny saved is a penny earned." And though it may sound foolish, it's true. One of the easiest ways to reduce spending is to lower the cost of living with one of our programs. You may choose to implement several of these programs. Do you want a personal loan or maybe your solution would be one of our debt consolidation options. Are you sometimes feeling overrun with credit cards? Then our consolidation program is the option for you. Which ever one of our programs fits you best we are happy to help you any feasible way we can.
Note: We have many ways to help you with consolidating your credit card debt, to get the lowest potential interest then you want to use a program where you use your house or property to get the rate requirements you need. If you have bad credit another solution we offer is called the credit card reduction solution. Currently this solution seems to do wonders for our clients. Don't get caught up in all the hype that's out there on the internet. Our solutions are simply the quickest and easiest way to get the help you need. Even another possible option for you to choose from is our bad credit personal loan sources, this might be the best road for you to take. (Please consider which one is best for you).Interesting Facts:
- Overuse of credit cards (This will hurt your credit score)
- To Much debt (Loan officers look down on an overload of credit)
- How do I get help? (Your should try to eliminate debt completely)
Sunday, April 15, 2007
Credit Card Application Online
What types of Credit Cards Do We Offer?
One of the ways to divide an entire credit card market is into Business and Consumer categories. We serve both of these markets. However, Consumer market is in itself too large to think of as a single entity. It may be further divided into several sub-markets of credit cards.
Prime Market - this market serves that part of the population that has Good or Excellent credit history. These customers generally get the best offers, which include Low Intro and ongoing Interest Rates (APR's), Reward Programs, Low credit card fees, and many other benefits.
Sub-Prime Market - this market consists of people who either never had credit or it's in poor shape. Credit cards offered to such customers offer substantially fewer benefits, higher APR's, and higher maintenance and annual fees.
Credit cards offered to customers in Prime Market are generally Unsecured (i.e. require no security deposit). On the other hand, Sub-Prime customers usually qualify for Secured cards (i.e. credit cards that require a bank security deposit). Some unsecured cards are also available for Sub-Prime customers, but they bear substantially higher fees than standard Unsecured cards.
No matter what type of credit you have, applying for a credit card can be very beneficial. Whether your building your credit back up with a sub-prime credit card or taking advantage of a prime credit card, applying for our credit cards benefit everyone!
What is a credit card?
Credit cards are a privilege and a convenience. Credit cards let you charge a meal on a credit card, pay for an appliance on an installment plan, take out a loan to buy a house, or pay for schooling. Credit cards allow you to make a purchase without ready cash. A credit card enables you to buy things now and pay for them later. You get credit cards by promising to pay in the future for something you receive in the present. But, there are strings attached to credicards. Credit cards usually costs something, and what is bought with your card must be paid back.
Our Favorite Credit Card
The Household Bank and Orchard Bank credit card program offers credit cards to those with no credit, little credit, damaged credit or restored credit. They¡¯ve helped millions of people obtain credit who may not have traditionally qualified for a credit card. Because of their reputation for outstanding customer service, modest fees and a focus on credit education, Household Bank and Orchard Bank credit cards are highly regarded by their credit card members. With a unique approach of educating customers on all aspects of obtaining and managing credit, their credit cards continue today as a leader in the under-served credit industry. Below are just a few of the many benefits of the Household Bank and Orchard Bank MasterCards.
Initial Credit Limit Up to $1000, up to $2000 for their Gold Card
Low Annual Fees, no annual fee for their Gold Card
Competitive APRs
Periodic Credit Limit Increase Reviews
Complete Online Account Access 24 Hours a Day
Complimentary Online Bill Pay
The Household Bank and Orchard Bank credit card program offers credit cards to or the Household Bank and Orchard Bank MasterCards are designed for those with little or damaged credit and those ready to move up to Gold. Because of their reputation for outstanding customer service, modest fees and a focus on credit education, the Household Bank and Orchard Bank MasterCards are highly regarded by their credit card members.
Household Bank and Orchard Bank MasterCards.
Initial Credit Limit Up to $1,000, up to $2,000 for their Gold credit card
Periodic Credit Limit Increase Reviews
Low Annual Fees, no annual fees for their Gold card
Competitive APRs
Complimentary Online Bill Pay
Credit Card Resources
USA & Canada Credit Cards
ASAP Credit Card - Credit Card Comparison
Compare all the best credit card offers available online. Good credit or bad, find great deals such as low interest, 0% APR, cash back, rewards and more!
Best Credit Card Offers
Features the best credit card offers and credit card rates currently available from American Express, Visa Card and MasterCard.
CardRatings.com
Offers credit card ratings, credit information and online credit card applications for US residents.
Credit Cards Online Guide
A quick and easy way to find popular credit card offers in the USA.
Credit Mutual
Compare a wide variety of US credit cards to find the best deal for you.
Free Best Credit Cards
Offers low interest credit cards for businesses, students, consumers and all other types of individuals.
Instant Credit Cards
Instant or secured credit cards for students, business, and consumer needs.
Top-Creditcards.com
Offers UK and USA credit cards. Apply free online with 0% available.
UK Credit Cards
Accucard Credit Cards
Accucard UK, a 0% online credit card, interest free transfers, mastercard, unsecured, cashback, highly configurable!
Best Credit Cards
Browse and compare credit card applications online.
Credit Card Expert - UK Credit Cards Guide
Compare UK credit cards, apply online for visa and mastercard, applications for the best low rate UK credit cards.
Credit Card UK
0% interest free and low rate UK credit cards online from Egg, Capital One, Accucard, Barclaycard, Morgan Stanley, More Th>n Credit Card and Marbles.
CreditSmart
Features a selection of 0% credit cards to suit your lifestyle together with best rate loans. CCJ's, IVA's and bankrupts welcome.
Loans & Cards.com
Offers loans, refinancing, credit cards, credit reports and merchant accounts regardless of good or bad credit.
Top-Creditcards.com
Offers UK and USA credit cards. Apply free online with 0% available.
UK credit cards at cardtart.com
Directory of UK credit cards.
UK Credit Cards Today
Offers a wide selection of 0% balance transfer credit cards to review or allows a comparison of all the leading offers to help you save money.
UK-Cards.com
Compare UK credit cards and find the best deals for balance transfers, reward schemes and cashback offers.
ZeroPercentCreditCards
Offers a wide range of 0% credit cards to suit every lifestyle.
0% Interest Free Credit Cards
See which providers offer introductory incentives to new customers.
Creditsearcher - Search for the best credit card deals
Compare credit card rates from leading card issuers.¡¡
Wednesday, April 11, 2007
What is a payday loan?
Many check cashing businesses offer small sum, short-term, high-rate, unsecured personal loans. These go by many names, including:
- payday loan
- cash advance loan
- post-dated check loans
- deferred deposit
In a payday loan transaction, the borrower will provide to the lender items such as a paycheck stub, photo identification and a recent bank statement. The borrower writes a check to the lender for the amount and the lender's fee. Under law in some states, the lender's fee is limited. The lender agrees to hold the check until the customer's next payday, up to 30 days. At that time, the borrower may redeem the check with cash, allow the lender to deposit the check or roll over the loan by paying another fee.
Payday lenders advertise their services as a way to cover unexpected expenses like car repairs and avoid bounced check fees and late payment penalties. Potential payday loan customers should be aware of the risks and responsibilities involved with this sort of lending.
Payday Loan Example
Let's say you want to borrow $200 until you get your next paycheck in two weeks. You write a postdated check to a payday lender for $230 (15% of $200 = $30 lender's fee + $200 loan amount = $230) and get $200 cash in return. The $30 interest you pay on the loan calculates to an Annual Percentage Rate (APR) of 391%. The payday lender may also charge you a one-time fee of $10 to set up an account.
If you are unable to repay the loan after the agreed-upon 14 days have elapsed, you may elect to extend the loan for another two weeks by paying an additional $30. If you choose to roll over the loan, you will have paid $60 in lender's fees for a one-month loan of $200. It's easy to see how these fees can quickly add up ?if you extend the loan for a total of six months, you'll end up paying $360 in fees, without having paid back any of the principal (the original $200).
Payday Loan Alternatives
You may wish to consider these alternatives before choosing a high-rate payday loan:
- Ask your employer for an advance on your paycheck.
- Ask to borrow money from a friend or relative.
- Find out if you have, or can get, overdraft protection on your checking account.
- Find out if you can delay paying a non-interest bill such as a utility bill and make payment arrangements with the utility company.
- Ask your creditors for more time to pay your bills. Find out what they will charge for this service ?a late charge, an additional finance charge or a higher interest rate.
If you use a payday loan
If you do decide to use a payday loan:
- Borrow only as much as you can afford to pay with your next paycheck and still have enough to make it to the next payday.
- Always comparison-shop before selecting any loan. Compare the finance charges of credit offers to get the lowest cost. Also, find out what the total fees and penalties will be if you don't pay the money back on time.
Advantages of Online Payday Loans
Applying for online payday loans offers several advantages over applying at a traditional payday loan storefront. Payday loan applicants apply directly from their home or office computers via the Internet, never having to stand in line and wait in a crowded store. Many people choose to apply for online payday loans for personal reasons, because they simply do not feel comfortable going to a store specializing in payday loans and check cashing.
The online payday loans application process can also be a significant time saver. In-store applications must be handwritten, and completed entirely in the store. If an applicant does not have all the required information and paperwork they are unable to complete the application and the loan cannot be processed. Online payday loans applicants may pause while filling out the application form and take time to locate the required information.
How Online Payday Loans Work
All online payday loans sites require the consumer to fill out an application detailing personal information, occupational information, current banking and financial information, and references.
All online payday loans have minimal requirements applicants must meet in order to complete the application. These requirements usually follow these guidelines:
Have a current job for at least 3 consecutive months.
Take home a minimum of $800.00 monthly after taxes.
Have a valid checking account open for at least 3 months.
Certain lenders also require current bank statements and paycheck stubs. Online payday loans lenders also take into account the number of NSFs (non sufficient fund) charges an applicant has incurred in the past 30 days, and the number of current outstanding online payday loans.
An advantage of online payday loans to most consumers is that they are available to people with no credit, poor credit or bankruptcies. Unlike traditional lenders, online payday loans lenders do not request credit bureau reports from Experian, TRW, or Equifax. Instead, most larger online payday loans lenders and banks that partner with online payday loans lenders use consumer information services provided by Tele-Track. These services do not check credit history; they simply verify the applicants banking history information, including status of checking account, number of NSFs and current outstanding online payday loans. When applying for online payday loans, it is very important to be truthful and correct in providing information and answering all questions, or the application may be declined.
IMPORTANT: If you are considering applying for online payday loans, only apply for one loan at a time. If an applicant applies for multiple online payday loans, each loan application will be reported, and may result in ALL applications being declined.
Once completed, the application is forwarded to the online payday loans lender for review. If the applicant meets the minimum requirements they will be notified (typically via email) that they are approved. The payday lender determines the amount of the payday loan, usually between $100 and $500. The amount of the approved payday loan depends on several criteria, usually monthly income, direct deposit, length at residence and job, availability of bank statements and paycheck stubs, number of outstanding NSFs and other online payday loans. Repeat customers with an online payday loans lender are more likely to receive larger loan amounts than first time applicants.
Once approved the applicant will be asked to print and sign a signed copy of the online payday loans lenders contract with the loan amount, loan fee and terms specified. Lenders may also require faxed copies of paycheck stubs, bank statements, and a personal check.
When the fax is received the lender will verify the information is correct and administrate the loan. Most online payday loans lenders will electronically deposit the loan amount in the applicants checking account overnight, depending on the time of day the loan application was received and approved. Online payday loans lenders typically do not process loans on weekends.
On the specified pay date, the online payday loans lender will electronically withdraw the loan amount plus specified fees. For instance, if the payday loan was for $300, and the loan fees were $20 for each $100 borrowed, then the amount electronically withdrawn would be $360.
Most online payday loans lenders offer clients the option of rolling over a loan, meaning that the loan is extended to the next payday. The client can contact a lender and request to extend the repayment date to the next payday. In most cases the fees charged will double, meaning a $300 payday loan rolled over would incur a total fee of $60, requiring a repayment of $420. Extending repayment dates is something that consumers should approach with caution as the resulting fees accumulate quickly.
Selecting an Online Payday Lender
Selecting the right online payday lender is very important. Remember, you should only apply for one payday loan at a time. Here are some important things to consider before filling out any online application:
1. The payday lender¡¯s website should be professionally designed and well organized.
2. The information presented on the site should be clear and informative.
3. The site should contain a FAQ answering important questions about your payday loan.
4. The site should never charge any up-front fees for processing your application.
5. There should be a complete Security and Privacy Policy clearly posted.
6. The application should be comprehensive and organized. Beware payday lenders that promise instant approvals based on only a few questions.
7. IMPORTANT ¨C only consider payday lenders that have SSL certificates on the application page. This certifies that your financial data is being securely transmitted.
8. There should be a Contact Us page with an email address and form for submitting any problems
Sunday, April 8, 2007
Free Debt Consolidation
Considering debt consolidation? Are you tired of living day-in day-out with the stress of overwhelming debt? Do you feel like that stress might never end? If you can't seem to find your way out, the Debt Consolidation Counselors service can help you.With our service, you can get your finances back on track, and retire your debt forever. Simply contact us for a free, no obligation consultation today. Why Wait?
Why Do Clients Join the Debt Consolidation Counselor Program?
Our clients join our debt management and negotiation program for a number of reasons. If any of the following questions apply to your situation, it's definitely worth exploring what our debt consolidation program can do for you.
- Do your monthly bills seem too large to pay off?
- Are you using cash advances or payroll loans in order to repay your debts?
- Have you recently lost a job, or suffered a medical emergency that meant you missed work?
- Do you have difficulties paying your bills on time?
- Have you begun to receive collection calls regarding your credit card debt?
- Have you been paying the minimum payment on several credit cards and noticing that the balances never seem to go down?
Click here to apply for a free, confidential consultation.
Sunday, April 1, 2007
Sweden - the most profitable private equity market in the world
Sweden has the world’s top private equity firms according to the financial information group Thomas Financial. Their figures show Swedish buyout firms have given average yearly returns to investors of 27.2% during the last decade. This outperforms both the European average of 12.5% and the American average of 13.6 %.
With Stockholm as their base, Nordic Capital, EQT, Industri Kapital and Altor private equity firms, have built up their businesses specialising in buying up large, established, profitable companies in relatively developed branches.
Due to these exceptionally high returns, there has been huge investor interest in their buyout funds, leading to Sweden’s enviable position as world leader in the private equity sector.
Tuesday, March 27, 2007
The Structured Settlement
What Is a Structured Settlement?
Sometimes when a plaintiff settles a case for a large sum of money, the defendant, the plaintiff's attorney, or a financial planner consulted in association with the settlement, will propose paying the settlement in installments over time rather than in a single lump sum. When a settlement is paid in this manner it is called a "structured settlement". Often the structured settlement will be created through the purchase of one or more annuities, which guarantee the future payments.
A structured settlement can provide for payment in pretty much any schedule the parties choose. For example, the settlement may be paid in annual installments over a number of years, or it may be paid in periodic lump sums every few years.
Benefits of a Structured Settlement
One significant advantage of a structured settlement is tax avoidance. With appropriate set-up, a structured settlement may significantly reduce the plaintiff's tax obligations as a result of the settlement, and may in some cases be tax-free.
A structured settlement can protect a plaintiff from having settlement funds dissipated, when they are necessary to pay for future care or needs. Sometimes a structured settlement can help protect a plaintiff from himself - some people simply aren't good with money, or can't say no to relatives who want to "share the wealth", and even a large settlement can be rapidly exhausted. Minors may benefit from a structured settlement as well, such as a settlement which provides for certain costs during their youth, an additional disbursement to pay for college or other educational expenses, and then one or more disbursements in adulthood. An injured person who has long-term special needs may benefit from having periodic lump sums with which to purchase medical equipment or modified vehicles.
In some situations, it will be better for a severely disabled plaintiff to set up a special needs trust, rather than entering into a lump sum or structured settlement. Any plaintiff who is receiving, or expects to receive, Medicaid or other public assistance, or the guardian or conservator entering into a settlement on behalf of a disabled ward, should consult with a disabilities financial planner about their situation before choosing any particular settlement option or structure.
Potential Disadvantages of Structured Settlements
Some people who enter into structured settlements feel trapped by the periodic payments. They may wish to purchase a new home, or other expensive item, yet be unable to muster the resources because they can't borrow against future payments under their settlement.
Some people will do better by accepting a lump sum settlement, and investing it themselves. Many standard investments will give a greater long-term return than the annuities used in structured settlements.
Selling a Structured Settlement
If you have a structured settlement, you may have been approached by a company interested in purchasing your settlement, or may be curious about selling your settlement in return for a lump sum buyout. About two thirds of states have enacted laws which restict the sale of structured settlements, and tax-free structured settlements are also subject to federal restrictions on their sale to a third party. Also, some insurance companies will not assign or transfer annuities to third parties, to discourage the sale of structured settlements. As a consequence, depending upon where you live and the terms of your annuities, it may not be possible for you to sell your settlement.
Keep in mind that companies which buy structured settlements intend to profit from their purchase, and sometimes their offers may seem quite low. You may benefit from approaching more than one company in relation to the sale of your settlement, to make sure that you obtain the highest payoff. You also want to be sure that the company which wants to buy your settlement is established, well-funded, and reputable - you don't want a fly-by-night outfit to obtain the rights to your annuities but to disappear or go bankrupt before paying you the buyout money. You may have to go to court to get a judge to approve the buyout. It is usually a good idea to consult with a lawyer before entering into an agreement to sell your settlement.
Special Considerations
Any person entering into a structured settlement should be on guard for potential exploitation in relation to the settlement:
Excessive Commissions - Annuities can be highly profitable for insurance companies, and they often carry very large commissions. It is important to ensure that the commissions charged in setting up a structured settlement don't consume an inappropriate percentage of its principal.
Overstated Value - Sometimes, after negotiating a particular settlement figure, the defense will overstate the value of a structured settlement. As a result the plaintiff, in accepting the settlement, in fact obtains a significantly lower dollar value than was agreed upon. Some defendants have nominally paid the full amount of the settlement, knowing that they would later obtain significant rebates from the annuity companies they used. Plaintiffs should consider compariing the fees and commissions charged for similar settlement packages by a variety of insurance companies, to make sure that they are in fact getting full value. A plaintiff may wish to make it a condition of the settlement that the defendant will actually pay the full value of the settlement in setting up the structured settlement, and that any rebates received by the defendant for annuities included in the settlement be payable to the plaintiff.
Self-Dealing - There have been cases where the plaintiff's lawyer is also in the insurance business, and sets up a structured settlement on behalf of a client without disclosing that the attorney is purchasing the annuities from his own business, or is pocketing a large commission on the annuities. Similarly, there have been situations where the plaintiff's attorney has referred the client to a particular financial planner to set up a structured settlement, without disclosing that the financial planner will be paying the attorney a referral fee in relation to the client's account. Make sure that you know what financial interest, if any, your lawyer has in relation to any financial services sold or recommended by the lawyer.
Life Expectancy - It is unfortunate, but many people who receive large personal injury or workers' compensation settlements will have a shortened life expectancy as a result of their injuries. It is important to consider life expectancy in association with any structured settlement, and to consider whether it is appropriate to enter into an annuity where payments will cease upon death. Sometimes it will make sense to insist upon an annuity that pays a minimum number of payments, or one that will pay a balance into the plaintiff's estate, such that the value of the settlement is not lost to an insurance company upon the plaintiff's untimely death.
Using Multiple Insurance Companies - For larger settlements, it often makes sense to purchase annuities for a structured settlement from several different companies, dividing the settlement between those companies. This can provide you with protection in the event that a company that issued annuities for your settlement package goes into bankruptcy - even in the event that one of the companies defaults in part or in full on your settlement payments, you would still receive full payment from the other companies.
Subscribe to:
Posts (Atom)