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Organize Finances for New Year

Review all your statements

Make sure you set time aside monthly to review all your bills and statements. This is a good time to look for things you are paying for but no longer need or especially for things that you can cut back on. A good online app that can help discover interest increases or add-on charges or even auto-renewing subscriptions is Truebill.

Check out your credit union’s online money management tools

Credit unions offer online tools to help with your financial management. How can I save for that hot sports car, that dream home or those toys for the boys? How much down payment do I need to save for that shack at the shore? What type of investment is the best for me? Play with their calculators to make your financial decisions easier. And if you want to set up a budget and track your spending take a look at their FREE personal financial management software which can aggregate all of your financial relationships and help you set goals.

Financial calculators will help

Get Out of Credit Card Debt

There are more than one way that a credit card issuer can get their money, one of the most common being lawsuits. Very often they file a civil suit; If a creditor obtains a judgment against you they can place a lien on your assets to recover the money or even worse: garnish your wages by sending the required documentation to your employer, which is required to comply by law. A good way of preventing these problems is to seek help from a professional credit card debt settlement company.

It will make it harder to find a new job

If it wasn’t hard enough to find a job with all the competition out there, staying in debt can make it a bit more difficult for you. This is because employers in many states can check the credit reports of job applicants, and a record filled with late payments and court proceedings may not let you be seen as a reliable candidate. Employers are able to do this because of the Fair Credit Reporting Act. Companies must have

Eliminate Your Debts

1. An Accurate Current Status

To start off, you need to have an idea of what debts you have, their remaining balances, minimum payments, and their current interest rates. Create a list that contains this information, along with the company you owe the debt to. Once you have that completed, arrange the list in one of two ways.

One way you can arrange your list is by using the remaining balances. Start with the account that you have the highest amount left to pay and work your way down the list to the lowest remaining balance. Another method for creating your list is by using the same procedures but start your list with the account that has the highest interest rate. Continue with your list until you are sure you have not forgotten any debts.

To help you decide which method for creating your list is best for you, ask yourself two questions: Are the amounts of your remaining balances fairly high, and how many payments do you have left to pay? If you have a substantial amount

Credit Card Processing

A proper Credit Card processor provides support to every aspect of your business starting from merchant account processing by providing you with merchant processing account. The processing of credit cards and debit cards with a fast response from both the front-end and backend is the key to a proper business merchant processing. The charges may vary according to the payment gateway, but you can find yourself relieved of the hassles you otherwise had to take. They take care of the details of cards along many devices like mobile device, POS, etc., and verify the data according the card holders name. The transfer request is sent almost immediately for crediting the same amount to the merchant’s account.

These companies are already developing their commitment towards the security of transfers. Even the small businesses are relying more on the cashless transaction, thus the small business merchant support is also being provided by many such processors. They accept credit card payments and process them taking utmost care to provide security and speed.

To assure the merchant of the security and speed of the processing, the companies are engaging their efforts in making the payment gateway more encrypted. Thus any

Reaching Freedom From Debt

Don’t negotiate – The terms of the debt repayment are not thought by most of the people who have debt. If you have credit debt, your credit card company must be called up by you to ask for a lower interest rate. A lot of amount can be saved by doing this simple step. Forbearance can always be asked for by you on car loans, credit cards and student loans.

Don’t think “everyone is doing it” – Never assume the fact on your own that “everyone is doing it”. It is one of the ways by which you can get into trouble. It mainly comes by seeing your friends or family in debt or by seeing people buy costly electronic gadgets or clothes by using credit cards. So, don’t get yourself into it, if everyone is doing so because it will be frustrating later on to get out from it.

Thinking of paying a debt without a plan – Most of the people think that debt can be paid off without having any plan. But it is not possible to do so. Wealth can be built and debt can be paid off by making a personalized

Achieve A Debt Free Lifestyle

Figure out how much debt you really have

First, you need to do what you should do whenever you face any serious problem: determine the nature of the problem and how bad it really is. In other words, you need to take careful account of your debt situation. When in debt, especially if you have multiple sources of debt, it can be tempting to avoid facing the truth about how much you really owe altogether. So, sit down with a piece of paper or a computer spreadsheet and simply add up all of your debt. The number you come up with is what you will target to become “zero” in the very near future. Imagine the relief you will feel when that happens!

Put your debt into categories

As you add it up, put each type of debt into its own category. The reason for this is that different types of debt should be treated differently. Examples of relevant categories include credit card debt, department store card debt, mortgage, second mortgage, auto loans, and equity lines of credit. Also, if you have multiple credit cards, for example, be sure to list each one separately.

Rolling Over Credit Cards

Credit limits

Use of cards comes with a credit limit that you can buy for. This is set by the bank issuing it and is dependent on monthly income. Each bank has a different limit setting as well as some of the cards having budget payment facilities where as others do not offer this kind of service.

Acquiring a card is usually easy to get as long as you qualify financially. In fact, the banks are only too willing to give them to you so they can make some easy money. The bank charges on overdue card payments are high and it is not difficult for people to end up not meeting their commitment by the due date. Instead of being careful about their spending they run up their cards to the maximum. If you have surplus money rather put it into a savings account and gain interest.

Making minimum payments

If you only pay the minimum amount due on your credit card you are going to end up paying astronomical amounts of interest that compound monthly. Overall, it is far wiser to pay the full amount due as hen all you have to

Manage Credit Card Debt

To break this cycle of ever increasing debt the first thing that has to change is your mindset. You must believe you are worth something, that you are valuable, and are a special and unique person. This is not an easy thing to perceive, especially if you have had a life full of people telling you something other than this. To have an identity, to know who you are, is a place of contentment, If you are content, you will stop striving for things, if you are happy, it does not matter what you have or do not have. You are created in the image of God, allow Him to define you, God say’s you are fearfully and wonderfully made, he took his time putting you together, He thought about what your purpose was and gave you the tools to achieve that purpose. This God sent His Son who we killed, but that was part of the plan, because without His death the Comforter could not come, If you need some financial comfort, know that godliness with contentment is great gain, and that without a credit card, you immediately rid yourself of a source of credit card debt

Consumer Credit VS Capital Credit

Consumer credit on one hand, is easy to get. Fill out a few online forms and unless you have some real financial problems you’ll receive your very own, personalized, plastic credit card along with all the accompanying literature (lots of fine print) within days.

With consumer credit in hand you can buy anything from gas at the pump, to beer at the ballpark, or a college education (student loans sound familiar to anyone?). A consumer credit card company wants you to buy all kinds of things on credit (often at ridiculously high interest rates – formerly called usury), to pay later, while piling up a mountain of debt that will allow the lending institution to make you work for the rest of your days in order to pay off your debt to them.

In Contrast – Capital Credit…
On the other hand, capital credit allows you to purchase wealth producing capital assets (i.e. land, machinery, buildings, corporate stock), to pay back the loan at a reasonable rate until you own the asset outright, and are reaping the full financial benefits of owning wealth producing capital. Done right, the loan is paid back out of FUTURE EARNINGS

Importance of a Credit Report

The simplest way to find out about your credit history is to order a copy online. You want a website that provides you with information from the three major credit bureaus;Experian, TransUnion and Equifax. These bureaus analyze your financial decision making; both past and present, and put that information into a report. A good website to use that provides this information is creditchecktotal.com. It only costs $1 to check and can provide you with invaluable information compiled into a credit report. Your report will not only provide your current credit score, but also your entire credit history.

A credit report acts as your credit references. A positive credit history tells potential lenders that you manage your finances well, i.e. borrow money and pay it back in a timely manner. A negative credit history tells lenders you have a difficult time managing your finances and instead are in debt, often not repaying them as agreed.

Credit reports help you by providing you with your personal financial history. This may include attempts at fraud made by others at your expense or errors made by varying lenders. The report can also provide you with information on good or bad

Pay Off Credit Card Debt Quickly

• Collect Your Information – Gather your last pay stub and all your latest credit card statements. Write down the name of the creditor, balance, interest rate, due date, and the minimum payment for each card. Then add up all the minimum payments for each account. Based on your disposable income after you pay your mortgage, utilities, and other necessities; do you have enough money left over each month to make the minimum credit card payments? Also, write down how much interest you are paying monthly and annually. This is the amount of money that is being wasted.

• Make a Plan – Once you have a basic budget that includes your income and debts, you can then decide if you want to consolidate your debt, start to reduce your debt by paying off the cards with the highest interest rates first, or start by paying off the cards with the lowest balances first. Choose a plan you can stick to, no one knows your financial situation better than you do.

• Consolidate Your Debt – Turn your revolving debt into a term loan. If you close your credit cards after consolidating them, you will no

Dealing With a Debt Collector

1. Familiarize yourself with the Fair Credit Reporting Act – Google it if necessary and print out. You have rights. Yes, a debt collector has every right to collect on a debt you legitimately owe, but there are rules and restrictions – formally known as the Fair Debt Collection Practices Act (FDCPA) – that govern how they can go about their business. Under any circumstances to you have to tolerate abusive behavior. It’s not legal. The Fair Debt Collection Practices Act prohibits this kind of conduct. The Fair Debt Collection Practices Act (FDCPA) was created for the sole purpose of protecting consumers from debt collector harassment by prohibiting certain debt collector behavior. If a debt collector exhibits such behavior, be sure to document the behavior. Keep a log of all harassment. Your next move is to file a complaint with the Federal Trade Commission. You may request forms from the Federal Trade Commission, or you can write a letter yourself. Send it to 6th and Pennsylvania Ave. NW, Washington, DC 20580, or visit them online. Be sure to include in your complaint the collection agency’s name and address, the name of the original creditor, the dates and times

Corporate Credit Cards Work

Corporate credit cards are different from both personal and small business credit cards. These are offered only be a few issuers. Generally, such accounts are established by businesses by utilizing a banking relationship or through a deal negotiated directly with a card issuer. In order to develop such kind of relationship, the company’s credit will be considered.

Companies may give their employees with corporate credit cards for the payment of business-related expenses, which are often travel-relation. Though it is often issued in the company’s name, be aware that it can also display the name of the employee cardholder.

They are categorized into 2 – individual payment cards and company payment cards. Those who opt for individual payment cards, they will be the ones responsible for submitting their own expense report. Also, they will be paying the issuer directly for any charges. On the other hand, the employer will pick up the tab for all company-sanctioned changes with the company-payment cards. But for any personal or unapproved charges, the employee will still pay the issuer directly.

Tips When Using These Cards

Be aware of your company’s policies – Cardholders must familiarize themselves with the reporting

Hiring A Debt Collector

Every state has its own regulations that cover how debt collection is done and how the agencies work. It is important to ensure that you select a firm that adheres to Fair Debt Collection Practices Act. Moreover, the firm should be bonded and licensed to work in the locality.

Sometimes the firms use very uncouth means to collect the debts. This may raise legal cases if the debtor feels that the agency has acted in bad faith. The insurance ensures that you are not held liable for hiring the agency to collect the debts. Ensure you pick a firm that has a valid errors and omission insurance. It will act as your protection if you are dragged to court.

Once you have a list of a few companies, take time to compare their costs. Different agencies use different formulas to come up with their rates. Some charge a small flat rate mostly associated with pre-collection activities. You are then charged a contingency fee that is part of the amount collected. The charge is about 20{9198332639182e13dab42b9ea1f4c116af819992db0fa97f6ccd85a5ba1453c0} to 30{9198332639182e13dab42b9ea1f4c116af819992db0fa97f6ccd85a5ba1453c0} of the amount collected. Pick a company that offers a no collection no fee model.

Some debtors tend

Redefining Reimbursements

Over the past few years there have been a lot of buzz about going paperless in offices, home and on-field workplaces. A bunch of reasons might have reached your ears about going paperless; like saving the environment, saving money for your company, hassle free procedures et al. However, another important approach, which remains unnoticed,is increased productivity. Remember the time, you used to keep all your receipts in a shoebox? They were stacked up at one place, but were they organized? They were not in any planned order and finding a specific one at the drop of a hat was a myth. It is time to change that.

Information as we know continues to grow at an astonishing rate, as is the technology that is used to create, store and share it. The clients, customers and public demands easy access to data and in order to achieve that, a collaborative effort is required to distinguish, sort and prioritize information, data and management tools. While Small and Medium Enterprises (SMEs) are taken into account, the digitization of expense management is required for saving time, high productivity and employee satisfaction. In a recent study by University of Michigan, it was

Debt Settlement

The theoretical aspect

As soon as you agree to a debt settlement program, many of the settlement firms will advise you to stop making the credit card payments monthly. Taking such a step will enable you to save money. Once you have enough money, the debt settlement firm will negotiate with your credit card company. It will offer them a one-time and a large payment that will settle your debt.

It is believed that many of the debt settlement firms claim that the one-time payment is much less that the original payment that you owe. They even state that will ensure that you no longer get bothered through endless calls from the creditor or the collection agency. But the downside is that people incur much debt, and debt settlement does not look good at all.

The reality

If you agree to the following debt settlement plan, then you would know the real picture. For instance, you have 10,000 dollars in debt and that it takes three years for you to save enough to reach a settlement. This usually amounts to the half of the amount you owe, but your total debt would have doubled.

Introduction To Credit Counseling

It is a practical approach to tackling all kinds of debt and these agencies offer solutions based on the credit situation of the consumer. People should understand that there cannot be a general solution to everyone’s debt issues as each individual is different. Hence, credit counseling agencies or companies can assist people on an individual basis, based on their ability to make payments, total available financial assets, total amount of debt, annual income and so on. The credit counseling agencies are present in countries around the globe and it is easy to approach any of these agencies when one is in need of their services.

How does credit counseling work?

It works for most people as they get to find practical solutions to their debt issues, which they can adhere to. Besides, they help the people in negotiating with the creditors and reaching settlement agreements, which make it possible for the borrowers to consolidate and reduce their total debt in due course of time. Also, the credit counseling agencies can assist the borrowers in applying for loans (both secured & unsecured), which can help them in clearing the debt amounts in a short period of time.

Choosing Money Transfer Provider

The costs of transactions

Sometimes the exchange rate could be favorable but then, the costs per transaction may be high. This is not an ideal scenario for many. You need to consider just how much you will be charged as the commission or the transfer fees before a transfer can be effected. One way to make it less hectic is to consolidate the smaller payments into only one. This lowers costs. There are providers that have better rates and yet others waive the fees altogether when a large payment is made.

Convenience

Some of the companies offer a very easy way to signup, others take so much time. There are online providers that offer their services 24 hours a day, and seven days a week. You, however, need to see the delivery and payment methods that are offered so as to ensure that all your needs are satisfied. Check for features like mobile wallet options.

Currencies needed

Not all the companies will operate in all countries and even offer all currencies. When you have to send money to areas that are remote where currencies are not popular, you may have to deal with

Pay For Delete

It occurs much less frequently than those forum posters make it sound like! According to Allie Johnson at CreditCards.com, only about 10{9198332639182e13dab42b9ea1f4c116af819992db0fa97f6ccd85a5ba1453c0} of collection agencies will agree to a Pay For Delete. So for every successful story of a Pay For Delete there are nine other stories of rejection.

Why such a small percentage of success? Let’s look at this from the standpoint of the credit bureaus and the collection agencies. The collection agencies are paid members of the three credit bureaus (Equifax, Experian and TransUnion). All members of the credit bureaus promise contractually to report accurate credit information. Whether positive or negative data.

If you were a member of a credit bureau and you were considering loaning money to someone, wouldn’t you want to know the whole story about the person wanting to borrow your money?

The credit bureaus expect 100{9198332639182e13dab42b9ea1f4c116af819992db0fa97f6ccd85a5ba1453c0} honest reporting from their members. When a collection agency deletes negative information falsely (technically a Pay For Delete is a lie) it risks its membership being terminated by the credit bureaus. No collection agency wants that to happen.

Then why do some Pay For Deletes occur? The agency needs to collect money

Company Liquidation

There are two major types of company liquidation. The first type is known as voluntary liquidation where this decision is taken by the shareholders or directors and the dissolution is carried out. If the members of the board decide to make this choice, they have to get most of the votes prior to proceeding. In the same way, if the shareholders want to go this route, they all have to do so prior to taking action.

Voluntary liquidation

Here it is important to keep in mind that voluntary company liquidation can be CVL or MVL if the company is insolvent. Members Voluntary Liquidation is done so as to carry out the termination of the company in an orderly fashion. In other words, it can be started if the business shareholders feel that the directors are not taking actions that are against their interests. For instance, the products or services of the business may not be attracting potential customers for some reasons. As a matter of fact, VL Is the best solution as far as avoiding the second type of liquidation is concerned. In this type, the court is not involved and the matter is solved outside