Credit management – some expert tips that will help in remaining credit smart

Credit management – some expert tips that will help in remaining credit smart
Whether it is a business or a household, management of finances is a very important thing. More and more numbers of people now use plastic money in the form of credit cards for making payments and for other kinds of transactions. As a result it becomes important that proper credit management steps are followed to avoid debt. Here are some experts’ tips from Mate-Loans that will help in managing your credit well and let you live in credit smart manner. Continue reading “Credit management – some expert tips that will help in remaining credit smart”

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Short Term Finance Options between Pay Periods

Being short of cash in between paydays can be frightening and worrisome. People who need money while they are still days away from being paid may wonder what they can do to raise the cash without having to sell belongings to pawn dealers or borrow from friends and relatives. Rather than choose either of those options, people can get cash today when they utilize short term financing options that are now available to the public. They can apply for services like a payday loan and get money in their bank accounts to pay bills, buy groceries, or meet other important obligations. Continue reading “Short Term Finance Options between Pay Periods”

Credit score – What effect does it have on your financial future?

Want to buy your house? Do you find that you do not have sufficient money to fulfill your dream? Well, if answered yes, then you must be thinking to obtain mortgage loan. Your credit score plays an important role in this situation and the lender will be assessing it before approving the loan. The lender will agree to approve your loan request at an affordable rate of interest only when he finds that you have good score. In case, your credit rating is really poor, then you should boost your score before going to the lender for home loan approval. Other wise, there are high chances that the lender will decline your request or impose exorbitantly high interest rate if he decides to pass on your loan. It is advisable that you improve your credit score so that you may become credit worthy and get loan approval easily. Continue reading “Credit score – What effect does it have on your financial future?”

7 Top Tips to Find the Best Debt Settlement Company

Debt settlement is basically a procedure of negotiating down a debt with your prospective creditors. It can be done either directly or with the help of debt collection agencies or with a law firm that specializes in debt collection. The best debt settlement companies are ones that offer assistance to individuals in their efforts so as to recover and improve their financial status by quickly putting them back on track to recovery and coming up with a proper and strategic plan to renew their financial ability. Continue reading “7 Top Tips to Find the Best Debt Settlement Company”

The Benefits of Selling Your House Online in the Current Market

As the British property market continues to experience considerable price hikes, there is a fear that first-time buyers are beginning to bear the brunt of the housing bubble. Given the fact that this demographic has only recently recovered from the impact of the Great Recession, this is extremely disturbing news that could undermine any potential for future growth. The fluctuating state of the real estate market is also causing issues for those who are keen to sell their homes, as it can be difficult to judge the optimum time to execute a sale. Continue reading “The Benefits of Selling Your House Online in the Current Market”

Choosing the Right Health Insurance for Your Business

Now that the Affordable Care Act has being proficient in the United States the employer mandate requires businesses with over 50 employees to provide healthcare insurance or otherwise face a tax penalty. No business wants to pay a fine and offering adequate health insurance plans will prevent employees from leaving and save your company money in the long-term. It is important that your employees are happy working for you to improve productivity and motivation levels. Benefits such as having a good health insurance plan can be effective in terms of how employees feel they are valued by the company. Continue reading “Choosing the Right Health Insurance for Your Business”

The awesome benefits of life insurance

Life insurance is a lot more than what its name communicates. Apart from being your family’s umbrella against tough times that your absence from their lives would bring, a life insurance policy can prove to be a very dependable tool for planning one’s life. Right from providing you cover against medical troubles to offering you financial stability over the long term, the functions of a life insurance policy can be manifolds. Here are some of the most awesome benefits of life insurance. Continue reading “The awesome benefits of life insurance”

Understanding coverage of income protection insurance

Uncertainty is a part of our lives these days, and it affects all walks of our lives, including our jobs. You could well be driving merrily to work when you feel that twitch at the backside, only to be diagnosed with a kidney that needs immediate surgery! Diseases and accident could out you out of your job for extended periods, so much so that you will expire all your sick leaves and will end up being away from work without any pay. How do you plan to manage our expenses, when it’s likely that you would need a lot of money to pay the medical bills? Insurance is something that protects you against all these uncertainties of life, and income protection insurance is what helps you manage your life well even when your income ceases to exist. Here is everything you need to know about income protection insurance, apart from the fact that when you qualify for payment, it gives you the pre decided amounts as per the terms of payments agreed upon. Continue reading “Understanding coverage of income protection insurance”

Car Title Loans for Beginners

Once upon a time there was just a bank loan – and this made everyone’s life simple. We all knew to turn up in our suit, mind our P’s and Q’s with the bank manager, and we’d get a black and white loan. Unfortunately, life’s not that simple anymore. It’s not just the high-street banks which provide such lending power, there are now countless other firms which are able to provide quick bouts of finance. While some of these loans have come in for criticism over the years, the beauty about them is that they quash any red tape that the banks once provided. In short, they’re much more accessible. Continue reading “Car Title Loans for Beginners”

Why should you use a Business Credit Card?

Starting a business is a dream for which an owner plans and prepares. Market research is done to ensure there is a market for the product or service and that it is an area of need for potential customers. You check out a location for a storefront or office and plan all the different ways you’ll be able to promote your business.

What is a Business Credit Card?
A business credit card is much like a personal credit card. A business credit card extends the credit available to the business. When financing is tight, the business credit card can be used to pay bills and buy supplies to keep the business afloat.

Costs
Everything seems to be coming together until you start adding up the costs for starting the business and for keeping it going for a year until there is a regular income stream coming in. There may be costs for licenses or other government requirements, costs for space, internet access, equipment, supplies and employees.

Business Planning
A business plan is a must for making sure an owner covers all the bases and doesn’t lose the dream due to poor planning. A business plan includes listing all sources of potential financing. These may include personal savings, taking out a mortgage on a home or other property and loans from the banks, friends or family. These are all fairly fixed amounts, but business expenses ebb and flow.

Not a Personal Credit Card
Business credit cards often offer different terms than a personal credit card. They also have the larger credit limits required to efficiently run a business. Of course, like a personal credit card, anything spent has to be paid back.

Use Judiciously
Credit cards are loans and owners need to take care to use a business credit card account wisely. Paying back any funds spent needs to be part of the overall business plan. Like personal credit cards, there is the temptation to consider the credit free money and overuse the card. This can undermine the solid financial basis of the company. However, there are good reasons to use a business credit card.

Accounting
Accounting can become a nightmare for the small business owner, especially when supplies and products are purchased with different accounts. Keeping receipts together can get frustrating and putting everything together difficult for an owner who already has way too much to do just keeping the business running.

If, however, everything is purchased on a business credit card account, the business will have all expenses listed in one place. The owner can quickly check when something was purchased, where it was purchased and for how much. This proof is invaluable should the government call into question, at tax time, whether something was purchased and whether one or more purchases qualifies as a deductible expense. A business credit card also keeps tabs on the purchases of employees.

Perks
Business credit cards, depending upon the card, offer a variety of perks that assist the business owner from discounts on supplies to free flying miles.

Author’s Bio: The articles of Ethan Grunt have been proving very useful for the customers who look forward to get information on business credit cards. He suggests them to visit Businesscreditcards.com for further information.

Avoid Investing in Facebook – Investment strategies

Avoid falling flat on your Facebook. The fall and fall of Facebook’s stock has been the stuff of investors’ nightmares. Starting with a stock price of $38, by 31st August the stock had lost approximately 52% value with no sign of a bounce. The real issue isn’t just Facebook’s shares so much as a lack of probity in investments these days and many businesses who choose to ‘float’ may find there’s a leak in their boat.

The average duration for a shareholding in the USA currently stands at an almost instantaneous 22 seconds!

Compared with an average holding of 8 years in the 1940’s, the stock market has become the ‘get rich quick’ scheme (substitute ‘dream’ for a more apt description) of the 00’s. Shareholders just aren’t in it for the long game any more and this creates a multitude of problems for businesses great and small.

The demand to create shareholder value overnight keeps many an Executive Suite buzzing into the ridiculous hours of the night; sees downsizing and corporate initiatives bluntly delivered across departments to deliver savings and greater profit margins and dissatisfaction in the stock market quickly translates into a knee jerk reaction kicking the HR department into action, moving from co-production to consultation as the company’s most “valuable assets” become “deadweight” creating drag merely as a result of bottom line cost.

Shareholder value, as a concept, is fine but it’s become very one directional in recent years and creates little benefit for the business, less a short term cash injection and longer term drain on your profits and profitability.

Before you launch your business into the choppy stock market seas, consider a few alternatives:

  • Raise additional funds through other means:

Investment pots and pensions aren’t delivering growth in low interest economies just now.

Money in the bank is more of a tax liability than a cushion.  Get family; friends and acquaintances to consider becoming a minority investor in your venture with the prospect (but no guarantee) of long-term returns;

Ask – “Do I really need to grow?” Many businesses chase growth like a dog chases it’s own tail.  It’s the perpetual motion that creates the illusion of progress when, in reality, you’re just expending energy chasing an elusive, moving and often undesirable target. Growth’s not a bad thing; it’s just not the be all and end all of business.  Sustainability and longevity are much more important.

Grow from within:  Re-invest your profits.  It’s the simplest and most economical way of growing any business; it doesn’t sell off any part of your holding and doesn’t expose it to the jitter of shareholders demanding short-term results.

Or consider selling shares to the employees and give them a stake in their own sweat and toil.

Consider the 3 C’s:

  1. Co-operation
  2. Co-production
  3. Collaboration

You don’t need to do it all on your own.  Find other businesses or individuals that are either doing something similar and work together to increase market share or find complimentary products and services and share the costs of increasing your joint offer to the market.  Cross selling could help you both.

All these options allow you to retain control of your business and keep your long-term goals in focus.

If you decide that you do want shareholders, make sure major shareholders you bring in possess more than just the financial wherewithal to invest.

Get investors that are passionate about what you’re trying to achieve; who have experience and expertise in an area that’s relevant for your business and that can actually add something to the business and the Boardroom (other than banging fists; a scary glare and the demand you make them rich instantly or they’ll withdraw their investment).

That way, when the storm hits the good ship (insert your company’s name) you can call all hands to deck rather than your shareholders racing to the lifeboats as the rest are left to bail out.

Bio:  Colin Millar is an entrepreneur and Founding Director of Cloud Management Systems [Link: CloudManagementSystems (.) co( .)uk ], a consultancy with a difference.  Colin is also the Chairman of a Scottish based charity. Colin blogs on leadership, management; business and enterprise.  In 2011, he won the Chartered Management Institute’s ‘Top Blog” award.