Choosing A Better Loan

3 Affordable Ways To Send Money To South America

Posted by on Dec 4, 2015 in Uncategorized | Comments Off on 3 Affordable Ways To Send Money To South America

If you have a loved one living in South America, there may come a time when you need to provide them with financial assistance. Sending money abroad can be costly, but there are some affordable solutions available to you. Here are three affordable ways to get your loved ones in South America the money they need in the future. 1. Wire Transfers When you need a quick and effective way to send money to your loved ones in South America, a wire transfer could be a viable option. Wire transfers have been used by many people to send money abroad, and the process is fairly simple. All you have to do is initiate the transfer at your bank or a cash office in your area. Your loved one can then pick up the money from a cash office in South America, or enjoy the benefit of having the money wired directly from your bank account to theirs. The average cost of an international wire transfer is about $63. 2. Prepaid Debit Card Another simple and affordable solution for sending money to South America is a prepaid debit card. These cards can be purchased by your loved one at most gas stations or convenience stores in South America. Once the card has been purchased, your loved one will need to provide you with the information needed to deposit money directly onto the card. After the card is funded, it can be used like a traditional debit card to pay for emergencies as they arise. It’s important that you instruct your loved one to compare fees before making a prepaid debit card purchase, since they can vary from one card to another. Activation fees can cost up to $29.95, and some cards charge a $10 monthly maintenance fee. Despite these fees, a prepaid debit card is an affordable way to get your loved ones in South America the money they need in a hurry. 3. Online Accounts If both you and your loved one have online payment accounts that you use to purchase from auction websites or other online vendors, you can initiate a money transfer directly from your online account into theirs. These online accounts give you a safe and secure way to provide your loved ones with the money they need, and there are typically no fees involved. You shouldn’t expect the transfer to be available right away, since it often takes time to process these transactions. Being able to affordably send money to South America is important when you have loved ones living abroad. Rely on wire transfers, prepaid debit cards, and online accounts like sharemoney.com to get cash to your loved ones in the...

read more

How To Save On Health Insurance And Boost Your Retirement

Posted by on Nov 18, 2015 in Uncategorized | Comments Off on How To Save On Health Insurance And Boost Your Retirement

Health insurance coverage is a huge concern for many Americans, especially with the recent changes with the Affordable Care Act. If you are looking to cut healthcare expenses and build up your savings, the following tips will help you spend less and invest more. Compare When you are choosing a healthcare plan for yourself and your family, you have a lot of options. Your employer likely offers at least one plan, and possibly may give you a few plans to choose from. You can also obtain your own health insurance from a provider of your choice. Don’t base your decision solely on the cost of the premiums. Compare all aspects of each plan, including deductibles, coverage offered and names of doctors, clinics and hospitals that participate in each plan. The plan with the cheapest up-front costs may not always be the best. Deductibles You can also save money by choosing a plan with a higher deductible. This will lower your premiums up-front, but can increase your out-of-pocket costs for care. Factor in all of the medical necessities that are on the horizon for each member of your family, and estimate how much you may need to spend over the next few years. It’s important to compare all of the costs associated with each individual plan, so you can find the plan that will save the most money while providing the coverage you need for you and your family.  Health Savings Account Consider making regular contributions to a Health Savings Account (HSA). These contributions are not taxed, and must be used throughout the year for healthcare expenses. These deductions reduce your tax burden and help you have money on hand to pay for healthcare related expenses. This will stretch your paycheck even further, and allow you to keep your family healthy. Investments When we talk about health insurance costs and ways to save, many people don’t even think about investments. They are two separate ideas, right? Well, yes and no. When you save money on your health insurance and have extra room in your budget, it can be tempting to spend these extra funds on new possessions, a vacation or other “fun” stuff. However, if you plan to retire comfortably, you need to think ahead. Invest this extra cash in stocks and mutual funds. This will give you the best return on your money, and help you have the retirement you dream of having. Contact a service like Culbertson Financial Services to learn...

read more

Three Keys To Getting The Best Car Loan At A Dealership

Posted by on Oct 30, 2015 in Uncategorized | Comments Off on Three Keys To Getting The Best Car Loan At A Dealership

When you are shopping for an automobile, there are a number of things that you will need to keep in mind so that your application is approved by car dealers. These companies have access to credit reports for auto dealers, which gives them the opportunity to comb through your overall history. With this in mind, take advantage of the tips laid out in this guide, so that you are able to make your credit look as positive as possible, as you seek financing through a dealership.  Get The Ball Rolling As Early As You Can Since you want to have your ducks in a row when applying for a car loan, it pays to get the ball rolling as quickly as you can. The sooner you start the process of fixing your credit to look attractive for a car loan, the more wiggle room you will have for a dealership to work with you. As a rule of thumb, you will need to run your credit 3 months in advance, so that you are able to put forth the best representation of your credit to the auto dealership of your choosing.  Know What The Lenders And Dealerships Are Looking For It is important to get an idea of what dealers are looking for when they run your credit report. As a rule of thumb, you want your credit to be at least 660. However, your credit is considered subprime if it is between the ranges of 501 to 600. Anything lower than 500 is considered deep subprime. This is why it is important to shop with a dealer that has access to a number of different financial lending institutions, because even people with deep subprime credit 2014 accounted for more than 30% of used car loans. Bring A Hefty Down Payment When you want to be sure that you are best putting your foot forward when it comes to purchasing a new vehicle and securing financing, the best thing you can do is provide a substantial down payment. Providing a sizable down payment will typically help lenders to look past any credit issues and will also open you up to the best interest rates and terms of the loan. Always look into your options as far as dipping into your own accounts or securing other forms of loans, such as personal loans in order to come up with a great down payment. Follow this information and use it so that can get the loan terms that you...

read more

When The Month Keeps Going: Five Ways To Make Quick Cash

Posted by on Oct 16, 2015 in Uncategorized | Comments Off on When The Month Keeps Going: Five Ways To Make Quick Cash

Emergency situations can often cause there to be more month than money. The time between paychecks can seem never-ending when situations arise that demand immediate funds and attention. When money is short, there are several ways to get cash fast without resorting to payday loans or money borrowed from friends and family.  Cash for Gift Cards Everyone seems to have unused gift cards laying around the house or hidden in the back of their wallet. Gift cards are great and easy gifts to give to others but they can also be a way to quick cash. Unused gift cards can be sold at businesses like CFC Gift Cards for a large percentage of their value, giving consumers a way to gain cash needed for unlimited uses instead of those restricted by the gift card. Turn in unused coffee and drink cards for much needed grocery money or name brand retail cards for funds to cover emergency car repairs.  Selling Plasma Selling plasma is another way to gain quick cash. Healthy individuals can donate plasma at least twice a month. Compensation depends on locality and center visited but can be upwards of $25 a donation. It is important to complete a health screening prior to donating in order to ensure that there will be no medical complications from your donation. It is also important to remember that donators should be at least 16 years of age and weigh over 110 pounds. Online Yard Sales Online yard sales and auction sites can provide quick cash for unwanted items. Due to the digital nature of the sites, there is no need for a physical yard sale set up. Simply upload digital images of the unwanted items to local or global sites, sit back, and wait for the bids to pour in. It is important to remember to factor in shipping costs when selling items on sites that require shipping.  Hidden Treasures Everyone hopes for that hidden treasure that can bring in the millions, but you might have smaller items hidden away that can provide funds in case of emergencies. Old sports cards, records, first run books, coins, and other collectibles may be gathering dust in attics and basements. A quick check with an online guide can let you know if you have something of value. Local appraisers can connect you with buyers and the deal is done.  The Swapping Option Sometimes it isn’t cash you need but goods or services. Looking for local swapping sites can allow you to trade unwanted items for things that you need or desire. Swap gently used children’s clothing for the next size up or change out toys to give your kids new and stimulating choices.  Maybe you have special skills that can be traded for needed items or services. Have a green thumb? Offer to redo your neighbor’s garden in exchange for car repairs. Exchange babysitting services with neighbors and create a co-op that ensures you always have what you need even when money is...

read more

Debt Weight: How To Right Your Financial Ship On Your Own

Posted by on Oct 8, 2015 in Uncategorized | Comments Off on Debt Weight: How To Right Your Financial Ship On Your Own

If you’re suffering from debt and its headaches, it can be overwhelming. Often, a person doesn’t know how he or she got into this mess nor how to get out of it. It can seem like there are no good answers and certainly no easy or cheap ones. But don’t despair — you can get rid of your debt problem for good, and you can do it on your own. Here are 5 steps to dig yourself out of the debt hole.  Be Honest Step one in your debt-free crusade is something that can mean the difference between success and failure — or between solving the problem for good and relapsing later. You must be honest about things. Start by being honest with yourself as to why and how you got into debt. If you have trusted family or friends, be honest with them about your financial situation and your plan to get out of debt. Ask for moral support but not money.  Then, get honest about your finances. Collect all debt information together — personal and public loans, credit cards, lines of credit, payday advances, mortgages and vehicle loans — and write it all down in a journal. Seeing everything together may be a painful experience, but understanding the depth of the situation is the first step in controlling it. Go Cash Only Credit (and to some extent, debit) cards are a way to avoid being honest, so you may need to stop using them. There are many psychological reasons why using credit cards leads to overspending, including how easy swiping is versus handing over bills and how it causes price confusion in our brains. For these and many other reasons, it’s best to destroy most or all of your credit cards and put the debit card in a drawer. Using a fixed amount of cash per week or month will help you get a handle on your real spending and enforce any budgets you come up with. Don’t worry, though–you can go back to using cards later if you choose.  Keep a Spending Diary Like keeping a food or calorie diary helps a dieter, the act of tracking expenses in writing will help the recovering debt addict. Write down every time you spend any money, including the amount and what it was for. You may choose any method that works for you, including paper and pencil or an app on your phone. The important thing is to start being aware of what you’re spending so you can make better choices.   Consolidate Debt If you have more credit card, or “revolving,” debt than you can easily pay off in a short period of time, you may want to consider consolidating it into a single payment on an installment loan. Installment loans usually have two advantages to revolving credit: they carry lower interest rates and you cannot add to the debt. However, if you choose this method, be sure you can not continue to charge on your credit cards or the effort will be wasted.  Start Sinking Funds After tackling your past debt and changing your habits, you should start to plan for the future. An excellent way to do this is to start several “sinking funds.” Once used only in business, many consumers are learning the value...

read more

Ways To Get Faster Accounts Receivable Turnover With Your Company

Posted by on Oct 6, 2015 in Uncategorized | Comments Off on Ways To Get Faster Accounts Receivable Turnover With Your Company

Management accounting is used to improve the way a business flows, and it relies heavily on the financial information of the company. Management accountants use financial statements to calculate ratios, and the ratios are analyzed to find areas that need improvement. One area commonly investigated in businesses is accounts receivable. Here are two things to understand about accounts receivable (AR) and how to improve it to help your company operate more efficiently. How To Measure Your AR Turnover Using the AR turnover ratio is one of the best ways to measure how well your AR is working. This ratio will tell you how many times a year you collect your average AR. When you have a high rate, it indicates that your AR is working well, because it means you collect it often. When the number is low, it means you may need to take some steps to improve the way you collect money owed to your business. To calculate this ratio, you must begin with the annual credit sales of your company. You must also know the AR balance at the beginning of the year and at the end of the year. With these numbers, you can calculate your ratio by adding the balance of AR at the beginning of the year and at the end of the year. You must then divide this amount by two to determine your average AR balance. Finally, divide your total annual credit sales by the average AR. A ratio of around 10 is usually good, but the best thing to do is calculate this number often to have something to compare it to. Ways To Improve Your AR Turnover Rate There are a number of ways to improve this rate, and here are some tips that may help you with this: Evaluate the terms you offer – If it is taking too long to collect the money owed, it might be because you offer terms that are too long. You may want to consider changing your terms if this is the case. For example, if you offer 90 days to pay, you might want to change this to 30 or 60 days. Implement a better credit check system – If the problem is due to customers not paying their bills on time, you may want to reconsider the way you process credit applications. By increasing your restrictions and guidelines, you might be able to accept customers that will pay their bills, instead of those that do not pay on time. Set up a better collection system – You may also want to reevaluate the way you try to collect past-due bills. If you have a more effective system, it might help you collect faster from the customers that are behind. Improving your AR turnover can help your company’s cash flow. If you would like to learn about more ways to improve your company’s financial state, contact an accounting firm in your area. For professional accounting services, contact an accountant such as Dale K. Cline, CPA...

read more

Equipment Financing: What To Do When Your Credit Is In The Toilet

Posted by on Oct 1, 2015 in Uncategorized | Comments Off on Equipment Financing: What To Do When Your Credit Is In The Toilet

Starting a business or starting over in business is never easy. You are always worried how you will manage to pay for all of the equipment you need. If you finance, you have to be mindful of previous setbacks and how they reflect on your credit. If your personal credit score is already so low, you may have even more difficulty securing the funds for your business venture. Thankfully, there are ways around personal credit problems. Find an Independent Investor An investor is a person who places his or her money and trust into your hands to help you build a business. It may not be the best means of equipment financing for everyone, but if you have been unsuccessful at securing funding from most traditional sources, finding an independent investor may be your best answer. Just be aware that most of the terms of the agreement between you and the invester will probably involve either a percentage of your profits for a specified time or controlling interest in your business—sometimes both. Use Your EIN or TIN When You Apply for Financing Some business financing companies do not look at personal credit histories and only want your EIN (Employment Identification Number) or TIN (Tax Information Network ID). Both of these are separate entities from your personal credit history, so if you have personal credit problems, your EIN or TIN will not reflect that. What these business identification numbers will show are your previous business endeavors and any tax history associated with the numbers, so if you filed for bankruptcy for a previous business endeavor with the same EIN or TIN, that will be reflected in the records you want the financier to consider. You may also apply for a new EIN or TIN for each new business identity you create, thus presenting a “fresh start” for your new business. Accept That Your Best Option May Be a High Interest Rate Sometimes financiers are willing to take a risk on your high-risk credit score. However, this will mean that you have to accept a high interest rate on everything you finance. If you are quite certain that you will make and pay back all of the money you borrow and then some within a very short time, then this may be an acceptable risk for you. As you pay off the high-interest loan quickly, it improves your credit worthiness with the financier and reduces your interest rates on any future equipment financing you will...

read more

Short Term Loan Options When You Suffer From Bad Credit

Posted by on Sep 28, 2015 in Uncategorized | Comments Off on Short Term Loan Options When You Suffer From Bad Credit

If you need a short term loan and you have bad credit, you may find you have a difficult time. Banks and traditional lenders are going to want to see that you have a history record of paying your debts on time. Showing a low credit score will make it difficult for you to prove your credit worthiness to them. Here is how you can go about getting a short term loan when you don’t have the best credit. Title loan You may be able to get a loan on your car. In order to do this, you do need to be the legal owner of your vehicle and the title needs to be in your name only. Take your car with you when you go to try for the loan. The staff member will check the car out and take a look at your paperwork. They will let you know how much they can lend you on your car. When you get a loan on your car, you will be able to continue driving it. The company will have you sign a contract and they will hold on to the title until the loan has been paid off completely. However, if you don’t pay back the loan according to the terms of the contract, then you will need to turn your car over to the lender. Therefore, you want to make absolutely sure you are going to be able to fulfill the obligation of the loan. Payday cash advance You can also get a payday loan that allows you to get a loan fast that you can pay back on your next pay day. To get this type of loan you need to bring in paystubs as proof that you currently have a job and proof of the amount of income you receive. You will also need to show information on your bank account and a check. You will post date a check for the amount of the loan, plus any fees. The check will be postdated for the date you are supposed to pay the loan off. If you do not come in to pay, the check will be deposited into your bank account. Once you pay off the loan you will be eligible to take out another one. While you do want to be careful not to become too dependent on these services, they are great for those times when you really need cash and you don’t have good credit. For more information on cash advances, tlak to a professional like Cash Depot...

read more

4 Ways To Pay Off Your Installment Loan Without Damaging Your Finances

Posted by on Sep 24, 2015 in Uncategorized | Comments Off on 4 Ways To Pay Off Your Installment Loan Without Damaging Your Finances

If you ever need a loan, you will likely have to pay off the amount you borrow over a series of months. This kind of loan, called an installment loan, is common when you buy a home, a car, or when you get a personal loan for financial needs. Paying off your loan every month can impose upon your finances if you don’t have a plan in place to afford the extra dues each month. Here are 4 ways you can pay off your installment loan without interrupting your other financial obligations. Choose the right repayment plan When you get a personal loan, you often have the option of choosing how long you need to pay your loan back. The longer your repayment plan, the lower your monthly payments will be. Subtract your monthly spending needs from your income to determine how much ‘extra’ money you have leftover at the end of the month, and try to pick a repayment plan that fits into these funds. Pay a little extra each month Once you have your repayment plan in place, attempt to pay a few dollars extra each month to help cut down on your interest and lower your final payment over time. Even a few dollars each month can make a huge difference in cutting down on your loan. Pay your loan off in full when you can Every month you hold onto your loan you pay more in interest. For example, if you get a $1,000 loan at 10% interest over a year, then you will pay back $1,100 at the end of the year. If you can pay your loan back earlier due to a raise at work or a tax return, you will pay less interest. Even paying your loan off a month early saves you $10 in interest. Ask your lender if there is a penalty for paying your loan off early prior to attempting to do so. Only borrow what you need It may sound tempting to apply for a personal loan for more money than you need, but the more money you borrow, the more you have to pay back. Consider the absolute lowest dollar amount you need to borrow to accomplish your financial needs right now, and stick to that number. This will make your monthly payments cheaper, and allow you to stay on track to paying off your installment loan on time. Getting an installment loan can interrupt your finances if you don’t make plans to pay it off responsibly. Use these tips to help you pay off your loan without damaging your current financial...

read more