Once you’re out of debt, it’s important to create an emergency fund to avoid getting back into debt if an emergency transpires. Medical emergencies, a job loss, your car breaks down, your roof leaks, emergencies come in all shapes and sizes. You want to be prepared.
There is a lot of chatter about how much you should have in an emergency fund. The average is anywhere from $1,000 as a small goal to six months of living expenses in the event of a job loss. You have to figure out where you land in terms of the amount you aim to save for your emergency fund.
A staggering amount of people have material errors on their credit reports. According to the Federal Trade Commission 21% of people in the US have errors on their credit reports. By checking your credit often, (monthly or bi-monthly) you can gain valuable insight into … Read the rest
Essentially, companies that offer inheritance loans will purchase set dollar amounts from your inheritance, thereby allowing you to get the cash you need immediately. After you receive reimbursement from the estate and the entire probate process is complete, you can start paying off the loan. If you have been listed as an heir to an estate you should check with a reputable probate lawyer to find out whether probate funding services are viable options for you, and if you qualify for a probate loan.
Receiving a cash advance/loan for your inheritance comes with a number of advantages including, but not limited to:
- Immediate Payment. Where it might take up to 2 years before your inheritance comes through, probate lenders will usually grant your inheritance loan in the shortest time possible. The lender will provide you with a lump sum payment after your loan request has been approved.
- Un disruptive Process.
… Read the rest
Many people today lack a financial framework or system. When it comes to expenses, the core of financial planning, we often enter a fantasy world. Even if families can give a reasonably accurate set of current financial statements (assets, liabilities, income, expenditure and estate), they are rarely able to project what those statements will look like ten years, or even five years into the future.
Financial planners will usually tell you that clients come to them for these reasons:
- ‘We are not fully in control of our finances’
- ‘I don’t understand money; all I feel around money is fear and anxiety’
- ‘We don’t know where we are now or where we will be in the future’
- ‘We seem unable to live the lifestyle we aspire to’
When families do achieve clarity it usually provides great relief, even if the picture does not look good. They at least know where they … Read the rest
A secure and efficient payment system would enable the circulation of money and economic activity. This would be the primary goal of any payment system globally. The increase in the number of payment systems, the participation of larger number of institutions in the financial market, recent financial crisis have made brought in focus the public policy makers. Over the recent yesteryears, Indian Policy makers especially on the economic and technology front have taken some bold yet cautious forward steps. The caution has borne fruit, by the insulation the country had during the recent crisis.
Today, there is a positive struggle between the policy makers and the market to drive the economy forward at a faster rate; the payments systems are continuously fine tuned and enhanced with newer payments systems. Gone are the days of manual clearing. Today, the customer has a bouquet of payments systems to choose from: from paper … Read the rest
The business report is very similar to inactive accounts. If you are considering extending credit to a company on the other side of the world that is divided by a barrier of culture and language, then you need to rely on timely and objective business credit reports.
The business report is an accurate and objective document that provides businesses with the vital information they need to make a sound decision about whether or not to extend credit. With today’s global marketplace, it is impossible to inspect all facilities personally on short notice. Therefore, the global entrepreneur needs to rely on a small window through which they can examine that operation of a partner that is located on the other side of the globe.
When you go with an accurate and reliable global credit reporting service, you can monitor your business partner’s credit profile or account, so you have critical information … Read the rest
These cards are generally issued by banks, financial institutions and by some stores. The cards bear a certain credit limit and this limit is set by the issuing companies considering your income, previous credits, and the payment track records. Once you apply for a credit card considering all these circumstances your credit limit will be fixed and each time you make a purchase by using this card the amount will be added to your credit card. You will be given with an interest-free period during which you don’t need to pay any interest on the amount of credit you used on the card. Generally, the interest-free period lies between 20-55 days and it varies depending on the issuer company.
The information that we specify here will give you an idea on the basics which would enable you to choose a card with the higher interest-free period so, that you can … Read the rest
With the new lending rules, it is harder for investors to grab a loan opportunity on rental properties. If an investor wants to get a loan on more than three or more than ten it really becomes difficult. One the biggest problems investors run into is they need to qualify for two houses if they have a loan on their private residence. People should not buy the most expensive house they can qualify for because of this. You need to have a low debt to income ration to grab the eligibility for a new loan whether it is as an owner occupant or investor. If you reach the maximum of your qualification on your personal home, then surely it will be very hard to qualify for a debt on an investment property, because it raises your loan to the income ratio.
Almost every bank require a high credit score for … Read the rest
Prior to the existence of these machines, there was only so much you could do with a credit card or a debit card. One would have to draw money from the bank and then use it to pay for a meal at a restaurant or a ticket to watch a movie. Since the inception of credit card machines, the old school routine of constantly drawing money from the bank has been removed. Instead, one can simply go directly to a point of purchase and make a transaction without being anywhere near a bank.
The biggest advantage of using these machines is security for both the customer and the business. By using a credit card machine, one is transferring data to a service provider that authorises the payment and then sends it to the businesses account with no chance of fraud or miscalculation involved. Since the payments are done using telephonic … Read the rest