Betty Hernandez – Page 74 – Creative Financing Options

Author: Betty Hernandez

26
Sep
2019

Business Loans From GovLoans

Interested businesses that are looking to procure a loan from the federal government can visit the GovLoans website, as it serves as the public’s gateway to government loan information.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on nonprofit information, educational grants and Civic Engagement programs from around the world.

26
Sep
2019

Use Your Bank Cards The Right Way

categories: Personal Finance

Anyone can build credit, while managing their finances, with a credit card. Understanding the cards is important, so that a consumer always makes educated choices. The following contains advice on credit cards that can help people get better at using their cards, so they don’t damage their credit score and get into debt.

Credit Card

Before canceling a credit card and closing your account, ensure you understand how canceling it affect your credit. Depending on the situation, closing a credit card account might leave a negative mark on your credit history, something you should avoid at all costs. In addition, if you have cards that make up a large portion of your entire credit history, try to keep them open and active.

In terms of a retail store’s credit options, you should never get a card with them unless you’re a loyal, regular customer. Each time a retail store inquires about your credit report, it gets recorded, regardless of whether you actually take the card. A lot of inquiries from stores can lower your credit rating.

Only inquire in regards to opening retail cards if you seriously shop at that store regularly. Even applying for a card with the store will reflect badly on your credit score if you’re not accepted, and there’s no sense in applying if you’re not a regular shopper. Excessive inquiries from those retailers on your report can drop your credit score.

Keep track of your purchases made by credit card to make sure that you do not spend more than you can afford. It can be easy to run up a huge debt without realizing it, unless you keep tabs on how much you’re spending.

Credit card companies set minimum payments in order to make as much money from you as they can. Pay much more than what the minimum payment indicates. Over time, this will help you to avoid paying so much out in interest.

When it comes to credit cards, it is imperative that you read the contract and fine print. If you receive a pre-approved offer, look over the conditions and terms. Knowing the details is important. Know how much your interest rate will be and how long you’ll have to pay it. Also, know what fees are associated with the account and if there are any grace periods.

Credit Card

Make sure that you fully comprehend the terms and conditions of a credit card policy before you start using the card. In most cases, using the credit card for the first time means you agree with all the terms. The fine print on the terms of the agreement is small, but it’s well worth the time and effort to read the agreement and understand it completely.

It can not be stressed enough how important it is to pay for your credit card bills no later than the invoice deadline. Your credit card payments have a date that they are due by and ignoring them will cost you additional fees. Also, the majority of card companies will increase your rate, which means all future purchases cost you more money.

Make sure you know what your interest rate will be with a given credit card. It’s vital that you know what the interest rate is before signing up for a credit card. If you aren’t aware of the rate, it could turn out to be much higher than you initially thought. Paying more may keep you from having the ability to pay the debt off every month.

As said earlier, credit cards can be good and they can be bad. They can help to build a good credit score, but they can also get you in trouble. However, take the time to truly understand the credit cards and what they can do to help you, so you are able to make informed decisions. With the information in this article, you should be better armed to avoid the dangers bank cards can pose.

26
Sep
2019

Grants From The Department of Labor

categories: Personal Finance

The Department of Labor was primarily created to nurture, promote and develop the welfare of job seekers, wage earners, and retirees of the United States of America, as well as to improve the country’s working conditions, advance employment opportunities and ensure work-related rights and benefits.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

For more information on small business grant and home ownership programs visit TopGovernmentGrants.com.

25
Sep
2019

SBA Resources for Women-Owned Businesses

categories: Personal Finance

The Small Business Administration has a variety of offerings to assist woman entrepreneurs start and grow and their business endeavors. This latest video provides an in introduction to how the SBA can help you.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

For more information on small business grant and home ownership programs visit TopGovernmentGrants.com.

25
Sep
2019

Various Tips And Tricks For Repairing Bad Credit

categories: Personal Finance

Has your poor credit been giving you a hard time? Due to the condition of the economy, many people are left with a bad credit score. Luckily, there are things you can do to improve your score. You can start today after reading these tips for credit score improvement.

The higher your credit score, the lower the interest rate that you can obtain will be. This allows you to eliminate debt by making monthly payments more manageable. Getting a good offer and competitive credit rates is the key to credit that can easily be paid off and give you a good credit score.

Credit Score

Creating a payment plan and sticking with it is just the first step to getting your credit on the road to repair. You must be committed to making real changes in the way you spend money. Avoid buying what you don’t need. Ask yourself whether every purchase is both affordable and necessary, and only buy if the answer to both questions is “yes”.

A respectable credit score makes it much easier for you to purchase a home with a mortgage. Paying mortgage notes on time will keep your credit scores high. Owning your own home gives you a significant asset to use in securing your finances, and your credit score will reflect that asset. Having a home also makes you a safer credit risk when you are applying for loans.

You can work with the credit card companies to start repairing your credit. Doing so will help you to ensure that you do not go further into debt and make your credit worse. You can do this by speaking with them and asking to change the monthly charges or due date.

Be wary of credit improvement scams that can get you in legal trouble. Don’t buy into scams that suggest you create new credit files. This is illegal and you will most certainly get caught. Think of the legal costs and the possibility of doing hard time.

There are secured credit cards available if your credit rating is too low to open up a regular credit card account. These types of credit cards often require a good faith deposit to open a new account. Using this card responsibly will improve your credit rating over time, and eventually you’ll be able to get a normal credit card again.

Before you commit to a settlement, you should first determine exactly how the agreement will affect your credit. Some ways of dealing with debt repayment are better for your credit score than others, so make sure you are achieving the best outcome for you before you sign anything. Creditors are only trying to get the money that you owe them and could care less how that hurts your credit score.

If you find a mistake on your credit report, be sure to dispute it! You should compose a letter to the agencies that have made the errors, and provide proof that you are correct. Ask for a return receipt so that you can prove that the agency got your package.

Get a written copy of any payment plan you negotiate with a creditor. This will provide proof of your agreement in case any problems ever arise. If you manage to pay off your debt, make sure you receive proper documentation as proof to send to credit reporting agencies.

If you have credit cards with a balance that exceeds 50% of your credit limit, you must continue to pay on them until the balance is lower than 50% of the credit limit. Your credit score can be negatively impacted if you are carrying a large balance compared to the available credit you have. While you are paying off these cards, reduce the balance to a small percentage of your available limit.

If you’ve been discouraged about your credit situation, use the tips provided can turn your frown upside down. Stop your credit score from spiraling downward, and look for ways to get back on track.

24
Sep
2019

Click Here To Read All About Debt Consolidation

categories: Personal Finance

Debt consolidation can help anybody pay off their debt. Though doing so may not release you from your financial woes, it can benefit you by only making a single combined payment to all your creditors each month. You’ll find a lot of helpful advice in this article if you find you are in a budget crunch lately and having difficulty getting caught up.

Don’t go with debt consolidators due to them claiming they’re “non-profit.” It is a common misconception that this label indicates a firm is a step above the rest. Check the BBB’s website to find good companies.

At times, filing for bankruptcy is necessary. Although bankruptcy might be the answer, it can really do a lot of damage to your credit. But, if you have no way to pay down your debts and you’re missing payments, your credit could be irreparable already. A bankruptcy filing can eliminate some of your debt and help you work your way towards financial freedom.

Review your credit report before you decide on debt consolidation. This is the first step to fixing your debt issues. Find out how much you owe and whom you owe it to. Without this information, you may struggle to find out who you need to be paying.

Credit Card

Consider applying for a low interest credit card in order to consolidate debts. Putting your debt onto a low-interest card will not only reduce interest costs, but also simplify your situation by giving you a single monthly payment to make. When you’ve consolidated your debt on a single credit card, try paying that off prior to the introductory interest offer expiring.

Debt consolidation loans don’t affect credit scores. In fact, if you pay it off on time and in full, it will make your score go up. This is an excellent strategy if you can afford to make all your payments on time.

Do not assume a non-profit company is your best bet when looking at debt consolidations companies. These types of companies can be predatory, and your loan terms can be very unfavorable. To find a debt consolidation company, you could use a recommended group or check out the BBB.

You might be able to get a temporary loan from your friends or family if you cannot get one elsewhere. Be determined to repay it, though, and have all the terms in writing. Borrowing money from friends can often cause problems.

So why are you in so much debt? Figure this out prior to consolidating your debts. If you’re not able to fix what is causing you to have this problem, then alleviating your debt isn’t going to really help. Find the problem, and put and end to it once and for all.

Make sure that you find out the fees charged by debt consolidation companies. All fees ought to be spelled out in writing. As well, get intel on exactly how your payments are being divvied out to your creditors. The consolidation firm should give you a schedule showing when each creditor will receive a payment.

Make sure the counselors working for a debt consolidation service have the proper qualifications. Do these company’s have all of the proper certifications? Are they backed by reputable institutions? This is a great way to figure out whether the company you are considering is worth your time.

Do you think debt management could be a better option for you? Paying off bills that accrue interest can save you money because they will no longer be accruing that interest each month. All you need to do is work with a firm who will negotiate new, lower interest rates for you.

Debt Consolidation

If you’re trying to get away from debts as quickly as you can, then debt consolidation may be something that can help you. Use the above information to help you get the most out of debt consolidation. Use the tips from this article to help your debt issues.

Scams abound when it comes to debt consolidation. Deals that look incredible are usually not true. Ask a ton of questions and get the answers before you agree to use their services.

23
Sep
2019

SCORE Services to Small Business – An Introduction

categories: Personal Finance

In an excerpt from a 2010 interview the SCORE CEO discusses its counseling and workshops offerings to small businesses.

This post is aligned with a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

Find additional information and resources on nonprofit information, educational grants and Civic Engagement programs from around the world.

23
Sep
2019

Avoid Money Trouble With These Personal Finance Tips

categories: Personal Finance

It is unfortunate that many people in the world are not able to control their personal finances. Sometimes, this is due to their lack of understanding about the subject. You don’t have to worry about this because in this article you will find advice on how you can avoid a financial disaster.

If the time isn’t right, try not to sell. If your stocks are doing well, you should leave them alone for a spell. You could look at the stocks that you own and determine which ones are not giving you profits and sell them if necessary.

Eat as if you aren’t a tourist when you want to save on food costs when traveling. The restaurants in hotels and tourist areas have “tourist trap pricing,” which can be substantially higher than what locals pay. With this in mind, eat where the locals eat! Not only will the food be tastier, but probably less expensive, too.

When thinking about your personal finances, patience will save you money. Many people buy the latest and greatest electronics as soon as they come out. But if you exercise a bit of patience, you will most likely see a substantial price decrease on these same items. You can use the money you saved on other, more useful items.

Place your money in different accounts to secure it. You may place money in savings accounts, checking accounts, stock investments, high-yield accounts or gold investments. Use all or some of those ideas to keep your money safe.

The majority of new products include a warranty of between 90 and 360 days. If you are going to have a problem with your item, most likely it will occur during that time frame. The only one who benefits from an extended warranty is the warranty company, not you.

Holding a good insurance policy is essential to protect your personal financial situation. It is inevitable that you will get sick some time or another. The right health care coverage is important. If something unforeseen happens, medical bills will quickly add up. The bills can leave you in a terrible position financially.

If you or your spouse have less than perfect credit, the partner with the healthier credit score should apply for any loans you need. If your credit is poor, build it back up with a new credit card account that you use and pay off each month. When your credit score improves, you can start to apply for joint loans and share the debt with your spouse.

As stated in the above article, so many people are having problems dealing with their personal financial situation. Because of the information in this article you do not need to belong to that group. Use the advice featured in the tips above to help you get a grip on your finances so you can start to enjoy stress free living.

22
Sep
2019

Business Loans From GovLoans

categories: Personal Finance

Interested businesses that are looking to procure a loan from the federal government can visit the GovLoans website, as it serves as the public’s gateway to government loan information.

This post is part of a network of sites interested with the intersection of small business, the philanthropic sector and government in creating healthy and sustainable communities.

For more information on small business grant and home ownership programs visit TopGovernmentGrants.com.

22
Sep
2019

Ways You Can Get The Most Out Of Your Bank Cards

categories: Personal Finance

Having a credit card makes it easier for people to build good credit histories and take care of their finances. You should understand the advantages and pitfalls of having access to easy credit. Below, you will find some great tips on using credit cards and using them wisely.

You should try to have at least two open cards or possibly three open credit accounts. This will increase your credit score over time, especially if you don’t carry a balance from month to month. That said, if you go all out and open four or more cards, it may look bad to lenders when they evaluate your credit reports.

Annual Fee

Always review the fine print on your credit card disclosures. If you see ‘pre-approved’ or someone offers a card ‘on the spot’, be sure to know what you are getting into prior to making a decision. Know what the real interest rate is, if it goes up after the first year and how much time they allow for payment of it. Remember to check out any grace periods and finance charges involved, too.

When it comes to premium bank cards, find out if an annual fee is involved to make sure that you do not pay too much for the card. The exclusive credit cards, like the platinum or black cards, are known to charge it’s customers an annual fee from $100 to $1,000 a year. If you don’t need an exclusive card, keep this in mind and avoid the fees.

Keep a close eye on your credit balance. Know what your limit is and how much you’re spending, you don’t want any surprises. The fees will really add up quickly if you spend over your limit. It will take forever to pay down your balance if you continue to go over your card’s limit.

Plan a spending budget that you will be able to stick to. Even though you have a credit card limit your company has provided you, you shouldn’t max it out. Only spend what you can afford so that you can pay the bill off at the end of the month.

Pay your entire balance every month if you can. The use of a credit card offers a lot of convenience, but best used only if the balance is paid off each cycle. Using the credit is good for your credit score, and paying off the balance ensures that you will not be paying finance charges.

Credit Card

As was stated in the beginning of this article, credit cards can benefit individual’s as they work to build their credit and take charge of their money. Fully understanding the terms and conditions of various bank cards is the best way to make an educated choice when selecting a credit card provider. Once you understand the fundamentals of a credit card, then you can make better informed decisions.