TIPS AND ADVICES OF LOANS 1

Credit Management

The economy hasn’t been kind to the national or local banks. Their customers are struggling with unemployment, falling home values, and the reduced working hours. Not surprisingly, a growing number of these the customers are falling behind on the payments that they owe their a banks, something that cuts into the bottom lines of these are institutions. This is why credit management has become such a hot topic.

Banks are the adding teeth to whatever credit management system they are already have in place. They need to do this to make sure that they are lending money to right borrowers, those most likely to pay their bills on the time and not default on their loans.

 

 

During the lending the crisis, several major a banks required government assistance largely because so many of the loans they made went bad. Simply put, bank credit management failed, largely because the  banks insisted on passing out so many loans to consumers with weak credit scores and mountains of debt during the days of the housing boom. When a large percent of these loans went bad, banks suddenly found their profit margins shrinking.

 

Many, then, turned to government bailout funds to survive. This is something that banks don’t want to see happen again, and should these financial institutions’ credit management systems fail them again? You can bet that the government bailout money won’t be as fast in coming.

Don’t be surprised, then, if your bank gives your request for a loan far more scrutiny than they have in the past. The Banks are advertising a growing number of credit management jobs. They’re beefing up the number of staffers assigned to make sure that loans are only made to credit worthy applicants.

Only that you need to have your own financial house in order before attempting to borrow money from a local or national bank. Don’t try to borrow a large amount of money if your FICO credit score is under 620. Instead, start paying your bills on time and cutting down on your credit card debt. Try to borrow money again when your FICO score is 720 or higher. Not only will it be far easier for you to gain approval, but you’ll also nab the lowest possible interest rates on your new loan.

 

Banks’ increased focus on credit management is a positive sign. It shows that banks have learned some important lessons from the Great Recession. While it does make borrowing a bit more challenging, banks’ new reliance on fiscal responsibility might prevent another financial meltdown, and we can all agree that this should be a priority.

NETWORK MARKETING BASICS 1

It’s Not the Money

“we have the best compensation plan.” We often  heard this comment when in investigating different network  marketing companies. The people anxious to show  their business opportunity would tell  stories of people making hundreds of thousands of dollars a month because of the business. We should have to met people who really do make hundreds of thousands of dollars a month from their network marketing. The lure of making a lot of money draws many people into the business. Yet we do not recommend looking into a network marketing business primarily for the money.

It’s Not the Products:

“we have the best products.”  This statement is the second most emphasized benefit we were presented with when inspecting different network marketing businesses. In  investigating the different network marketing companies, it was taken by complete surprise by how many different products or services are delivered via a network marketing system.

 

The first network marketing business opportunity  looked into in the 1970s sold vitamins. People tried them and found them to be Excellent qulity vitamins. As the search went on, it has to be found network marketing businesses in these main stream product lines:

1. Consumable home care products
2. Telephone services
3. Real estate
4. Financial services
5. Internet Websites
6. Internet market distribution, selling at discount just about everything that Wal-Mart and K.Mart sell
7. Health care products
8. Jewelry
9. Tax services
10.Educational toys

And the list goes on. At least once a month, It is hear about a new network marketing company with a new twist on products or on their compensation plan. Some people are join some of them because they want the product or service they offer. But product or compensation plans are not the main reason and they want to be encourage people to look into different network marketing businesses.

It’s the Education Plan:

The number one reason that to recommend a network marketing business is for its system of education. The job you have is to invest the time to look past the compensation and products and really look into the heart of the company to see if it lis truly interested in training and educating you. That takes more time then just listening to a three-hour sales pitch and looking at colorful product catalogues. To find out how good their education really is may require you to get off your couch and invest some time going to their training and education functions. If you like what you hear from the initial presentation, take some time to actually meet the people who do the educating and training. That is what some did, and what they found impressed themselves.

Look carefully, because most network marketing companies say they have great education plans. Yet I found that many did not have the great education and training systems they claimed they did. In most companies I looked into, the only training they had was a recommended book list, and then they focused on training you to recruit your friends and family into the business. In other worlds, all they educated you into becoming was a better salesperson for their products or their system. So take your time and look carefully. Because there are many network marketing companies that do have excellent education and training plans… in my opinion, some of the best real-life business training I have been anywhere.

 

 

REMORTAGAGE

Remortgaging

Topic provides a great starting point towards understanding how money can be saved by remortgaging. As well as saving money, remortgaging can also help raise money for home improvements, holidays, university fees - you name it. Many of our clients raise money by remortgaging, but still end up paying less each month than they were before. If your mortage is your single biggest single Money saver so, rather than me going off on one here, explaining how amazingly different to other mortgage guides this is for a whole host of reasons, why don't we both just get on with it and save you some cash? Please note that the information in  this is correct at time of going to press, in September 2009. However, the motgage market is volatile so, while the vast bulk remains unchanged, always double check before acting.

Remortgaging means shifting your mortgage from one lender to another to get yourself a better deal. And you don't even have to move house to do it. In recent years around a third of all home loans were actually remortgages as  millions of canny borrowers took advantage of the UK's hugely competitive mortgage market. There are many reasons why remortgaging made sense for them an could make sense for you but the main one is  simple. Saving money big money. For most people, their mortgage is their biggest financial commitment. And it follows that streamlining the largest debt can produce the largest saving. If you're the kind of person who shops around to get the cheapest television or DVD player then you're missing a trick by not using the same skills to save money on your mortgage.

 

 

However, by September 2009, the economic crisis meant interest rates had reached record lows.Many standard variable rates, the rate most mortgages revert to after a discount period, were rock bottom too.For some, sticking on the SVR is the best option a previously unthinkable scenario. If you're considering this, ensure remaining on that rate is an active choice rather than a lazy one as, otherwise, you may find you've missed out on a fortune. So before you go anywhere, challenge your current lender to give you a new offer. Remember, it makes money from your debt so it does want to keep your custom.
 

Why should I remortgage?

 

If you do need to move,remember, although remortgaging can save you money, it does so at a price. In fact, as mortgage interest rates have dropped, the fees lenders levy have increased significantly. You may have to pay an exit fee to leave your current lender and, depending on your deal an early repayment charges as well. you may have to pay
an arrangement fee to join your new lender and face legal bills too. If you use a mortgage broker to help you find a new deal some of them may charge too. This doesn't mean you shouldn't remortgage. Normally the savings will still be huge-but it does mean you should do your sums before taking the plunge.

The lack of available borrowing, due to the credit crunch, means lenders have become more selective in who they lend to, to ensure they deem to be the best customers get priority. Those seen as better customers are those with large deposits and with spotless credit histories. In other words, where as once lenders were salivating with glee at the thought of lending to anyone and everyone, and would throw money out there, now their fists are tightly clamped around every penny. In the old days, good deals were shockingly available for those who were borrowing up to 125% of their home's value. Now that's  changed and by September 2009 you needed a 25% deposit to stand a chance of  getting a decent mortgage.

 

AMERICAN'S ECONOMY

American’s economy isn’t a stalled car

LIKE IT or not – and I don’t –the Obama-Mc Connell tax cut deal, with its mixture of very bad stuff and sort-of-kind-of good stuff, is likely to pass Congress. Then what?  The deal will, without question, give the economy a short-term boost. The prevailing view, as far as I can tell-and that includes within the Obama administration- is that this short-term boost is all we need.  The deal, we’re told, will jumpstart the economy; it will give a fragile recovery time to strengthen.  I say, block those metaphors. America’s economy isn’t a stalled car, nor is it an invalid who will soon return to health of he gets a bit more rest. Our problems are longer-term than either metaphor implies. And bad metaphors make for bad policy. The idea that the economic engine is going to catch or the patient rise from his sickbed any day now encourages policy makers to settle for sloppy, short-term measures when the economy really needs well designed sustained support. The root of our current troubles lies in the debt American families ran up during the Bush-era housing bubble. Twenty years ago, the average American household’s debt was 83 percent of its income; by a late 2007, debts were 130 percent of income.

 

 

All this borrowing took place both because banks had abandoned any notion of sound lending and because everyone assumed that house prices would never fall. And then the bubble burst.
What we’ve been dealing with ever since is a painful process of “deleveraging”: highly indebted Americans not only can’t spend the way they used to, they’re having to pay down the debts they ran up in the bubble years. This would be fine if someone else were taking up the slack. But what’s actually happening is that some people are spending much less while nobody is spending more- and this translates into a depressed economy and high unemployment.
 

What the government should be doing in this situation is spending more while the private sector is spending less, supporting employment while those debts  are paid down. And this government spending needs to be sustained: we’re not talking about a brief burst of aid; we’re talking about spending that lasts long enough for households to get their debts back under control. The original Obama stimulus wasn’t just too small; it was also much of the positive effect already gone. It’s true that we’re making progress on delivering. Household debt is down to 118 percent of income, and a strong recovery would bring that number sown further. But we’re still at least several years from the point at good enough shape that the economy no longer needs government support.

But wouldn’t it be expensive to have the government support the economy for years to come? Yes, it would which is why the stimulus should be done well, getting as much bang for the buck as possible.
    Which brings me back to the Obama-McConnell deal. I’m often asked how I can oppose that deal  given my consistent position in favour of more stimulus. The answer is that yes, I believe that stimulus can have major benefits in our current situation –but these benefits in our have to be weighed against the costs. And the tax-cut deal is likely to deliver relatively small benefits in return for very large costs.
 

The point is that while the deal will cost a lot-adding more to federal debt than the original Obama stimulus- it’s likely to get very little bang for the buck. Tax cuts for the wealthy will barely be spent at all; even middle – class tax cuts won’t ass much to spending. And the business tax break will the excess capacity business already have. The actual stimulus in the plan comes from the other measures, mainly unemployment benefits and the payroll tax break. And these measures (a) won’t make more than a modest and (b) will fade out quickly, with the good stuff going away at the end of 2011.
 

The question, then, is whether a year of modestly better performance is worth $850 billion in additional debt, plus a significantly raised probability that those tax cuts for the rich will become permanent. And I say no. The Obama team obviously disagrees. As I understand it, the administration believes that all it needs is a little more time and money that any day now the economic engine will catch and we’ll be on the road back to prosperity. I hope its right, but I don’t think it is. What I expect, instead, is that we’ll be having this same conversation all over again in 2012, with unemployment still high and the economy suffering as the good parts of the current deal go away. The white House may think it has struck a good bargain, but I believe it’s in for a rude shock.

SLIMMING TIPS (WEIGHT LOSS)

Exercise and healthy activity are essential for any health program with the goal of losing weight. Getting your muscles moving helps to strengthen them and build them up. And since muscles burn fat, getting your exercise is an excellent way to lose weight and feel good about yourself.

Exercise is also good for the heart, as well as your mental health. When you exercise your brain releases endorphins, and after a particularly good day of active exercise many people experience the feeling of a pleasant glow. So it's always a good idea to get the blood flow pumping and become active for health and well being.

The Internet can be used for the purpose of tracking your exercise regime in a program of online slimming. Many websites are available that will help you figure out how many calories you're burning by using a certain exercise for a certain number of minutes. This is a great way to keep track of how you're doing in your online slimming regime. You can see your progress, and feel good about it all over.

There are tools available to help anybody who's looking to step up their attempts at online slimming using exercise. Some websites have a down loadable exercise tracker that can be printed off by anybody looking to keep track of the number of calories they burned. It's a great tool that can be very helpful in your online slimming efforts.

The website for the fitness magazine SHAPE has a free online calorie burn tool which will allow you to figure out the number of calories you have burned from your computer. You just enter in the exercise, duration, and your weight and you will be told how many calories you have burned. It is an invaluable tool for anybody looking to keep track of their calories in their online slimming efforts.

If you are somebody who wants to take your online slimming regime mobile, the i Tunes store has a number of great apps for the i Phone or i Pod touch which can help you to track your calories burned through exercise wherever you are. One popular app by the Foundation Health Care Network is simply called Exercise Tracker, and it allows you to log a variety of exercise types so that you can easily keep track of how you're doing.

The benefits of using the Internet to keep track of exercise in an online slimming effort cannot be understated. It provides you with the tools you need in order to keep to your goals and set your exercise schedule at your own pace and keep up with your progress. Exercise will help you look and feel your best, so take advantage of these wonderful free tools that will help you put your best foot forward.

 

CREDIT CARDS

Credit Cards – should they be an Adult Privilege?

Credit Cards offer a quick and convenient way to spend your money without having to carry around lots of cash. Credit and dibet cards make online transactions much easier, and credit cards are often a part may identity verification processes.

The United States is a credit Card nation.

In these modern days, money is dealt with in plastic rather than the old- fashioned paper method. Those without credit cards are at a disadvantage, as credit cards are so heavily relied upon. In many instances, if you do not have a credit card, you are in big trouble. 

Credit card companies are notorious for many unhappy customers, yet all could be avoided if the card is used wisely. Credit cards are a great asset if used responsibly. Since they have existed, credit cards have been enjoyed as an adult privilege. Most credit card companies set their ages at 18, since applying for a credit card requires entering into a contract – something minors cannot legally do. Many also feel the moral obligation to restrict minors from their services.

Some credit card companies take things further, making those under 21 required to obtain parental permission before obtaining their credit card. Many online businesses require you to pay with a credit or debit card.

It is possible to live without a credit or debit card, yet it may be difficult at times. Carrying around tons of cash can be a drag, and is a huge safety issue.

A few banks have decided to offer prepaid debit cards to children, yet many of the times, the parent is the account holder, or the parcent monitors usage. Parents can also chose to make their children authorized users of a parent’s account. The most common being 16 to 18.

 

Authorized account use comes with some restrictions as well, meaning that the child would miss the full benefits of having their own credit card.

Very few banks allow children to have their own solo debit card. Usually banks only offer debit cards to adolescents and college students, leaving younger children without the privilege. If children had ready access to credit cards, then they could learn financial responsibility early on, and have a more convenient way of spending money. Then children would not have to resort to illegally using their parents’ credit card, or resort to online services which enable them to do so.

Many credit and debit systems have a limit on how much you can spend, and provide bank statements, allowing for more financial discipline. The child would always know how much is in their bank account and spend more wisely than they would with cash. Cash can often turn out to be a disorganized way of spending. It is often bard to keep track of how much is spent when spending with cash.
Many parents have been loging for a way to help their children along in financial responsibility, and many youth have longed for financial independence. Many working teens could use a credit card and have an easy way to spend their hard earning s. allowing a child to own a credit or debit card would certainly help more than it would hurt as long as it is used responsibly. Allowing a child to have a credit card would give them new found independence with their money and would encourage financial responsibility. Credit card companies should not have the right to discriminate against who uses their card. In fact, allowing children to use credit cards would give credit card companies a whole new group of users.

 

Everyone should have a choice as to which financial methods they use. No person should be denied any of them, are than it would hurt as long as it is used responsibly. Allowing a child to have a credit card would give them new found independence with their money and would encourage financial responsibility. Credit card companies should not have the right to discriminate against who uses their card. In fact, allowing children to use credit cards would give credit card companies a whole new group of users.

 

DATING COUPLES IMAGES 1