which is facilitating loans in many countries across the globe, helps you get bad credit small business loans even as it is challenging to convince lenders that having bad credit behavior, a small business can make payments in time.
The portal, which is in the top 1% out of all websites in the world as per Alexa ranking, works as an effective middleman between lenders and borrowers. It works like a meeting place for both lenders and borrowers worldwide.
There are many lenders including individuals, banks and financial organizations offering bad credit small business loans, but you have to see who is providing the loan in the lowest rate along with other benefits before taking it. You can get bad credit small business loans in competitive rates through the website.
General trend is that the loan companies are making the meeting of lenders and borrowers possible by contacting the both sides. But allworldprivatefunding.com sends your loan request to lenders and they will decide whether they are in a position to give you loan or not.
Besides, the portal facilitates members to highlight their loan request for a particular period of time but for a cost. You can extend the length of time your loan request runs or revise your loan rate. Also, you can get your LR upgraded for more visibility to stand out of others. Lenders can access your Loan Request 24 hours a day.
The company is unique as no other web site is bringing together individuals to actually make loans to other individuals. Famous people, celebrities, can anonymously read through the listings, consider them, and lend money under a pseudonym or their real name if they like.
Its loan request online application is available 24 hours a day, 7 days a week. You can post a loan request for other types of loans, including personal loans and business Loans, as well through allworldprivatefunding.com. Unsecured venture capital loan, business start up or expansion and education loans are popular.
If you are applying for loans through the portal, your personal information will be kept secret. Your email address or name is never shown in the listings. The lender contacts the portal with your unique code number, and allworldprivatefunding.com forward the lender's contact information to you. Then you decide when to contact them about the details of the offer. The company never gets involved in the negotiations.
The portal facilitates loans in the US, UK, Canada, Australia, South America, France, Germany, Italy, Europe, Mexico, Asia, and other parts of the world.
Tuesday, May 6, 2008
Business Loans For Bad Credit
Business loans for bad credit borrowers are available, but limited to those that have some type of collateral to pledge as security in case of default by the borrower. In addition to the collateral offered, a 20% down payment must be provided as security. The most common form of collateral used for securing a business loan for bad credit is a home. The equity in a home acts as security. The owner can also use equipment from the business to act as collateral.
When seeking funding for a venture, the negative information on a borrower's credit history should be in the past, and resolved. Current negative information will result in the borrower being denied all business loans for bad credit. A lending institution may take the risk of lending to borrowers with a bad past credit history, but it is unlikely they will loan to someone with current unresolved financial problems. Individuals looking to finance with poor financial rates will also receive a higher interest rate than standard loans will offer.
The individuals financial standing will directly determine the interest rate received. Business loans for bad credit lenders must charge higher rates to outweigh the risks associated with lending to an applicant with poor financial history. It is advised that borrowers shop around for the best rates available to their unique situation by knowing their score or by seeking a business loan for bad credit interest rate quotes via the Internet, telephone, or in person. In order for an applicant to know their credit rating before shopping around, they should obtain copies of their financial report from the three nationally recognized reporting agencies. These three agencies are Equifax, Experian, and TransUnion.
Finding financial assistance for a venture can be found by simply plugging in a few keywords on an Internet search engine. The results for a business loan for bad credit will appear with multiple listings. Choosing the right loan lender is important. Some lenders offer variable interest rates, which start out low in the beginning of the repayment schedule then adjust after a predetermined period of time to meet current market rates. Experts suggest checking all lenders with the BBB or Better Business Bureau before providing any personal or confidential information. Being careful, cautious, and honest in business dealings will help people be much more successful. "He that walketh uprightly walketh surely: but he that perverteth his ways shall be known." (Proverbs 10:9).
When seeking funding for a venture, the negative information on a borrower's credit history should be in the past, and resolved. Current negative information will result in the borrower being denied all business loans for bad credit. A lending institution may take the risk of lending to borrowers with a bad past credit history, but it is unlikely they will loan to someone with current unresolved financial problems. Individuals looking to finance with poor financial rates will also receive a higher interest rate than standard loans will offer.
The individuals financial standing will directly determine the interest rate received. Business loans for bad credit lenders must charge higher rates to outweigh the risks associated with lending to an applicant with poor financial history. It is advised that borrowers shop around for the best rates available to their unique situation by knowing their score or by seeking a business loan for bad credit interest rate quotes via the Internet, telephone, or in person. In order for an applicant to know their credit rating before shopping around, they should obtain copies of their financial report from the three nationally recognized reporting agencies. These three agencies are Equifax, Experian, and TransUnion.
Finding financial assistance for a venture can be found by simply plugging in a few keywords on an Internet search engine. The results for a business loan for bad credit will appear with multiple listings. Choosing the right loan lender is important. Some lenders offer variable interest rates, which start out low in the beginning of the repayment schedule then adjust after a predetermined period of time to meet current market rates. Experts suggest checking all lenders with the BBB or Better Business Bureau before providing any personal or confidential information. Being careful, cautious, and honest in business dealings will help people be much more successful. "He that walketh uprightly walketh surely: but he that perverteth his ways shall be known." (Proverbs 10:9).
THE YEAR'S BEST FINANCE BOOKS
(MONEY Magazine) – Of 1990's several hundred books about personal finance, these four are especially worth a look: -- How to Get Your Money's Worth in Home and Auto Insurance by Barbara Taylor (McGraw-Hill, $19.95 hardcover, $12.95 paperback). Sponsored by the industry's Insurance Information Institute, this book is valuable for first- time insurance buyers who don't know what coverage they need. Taylor deciphers policy jargon and explains how to file claims. -- Winning the Insurance Game by Ralph Nader and Wesley J. Smith (Knightsbridge, $24.95). A helpful companion to Taylor's book, this one tells how to compare competing policies by examining their cost and scope, the firms' financial soundness and their record of complaints. It also explains what services to expect from an insurance agent and lists policies you don't need, such as mortgage insurance and life insurance for children. -- You and the Law (Publications International, $19.98). In plain language, attorneys and paralegals from the American Bar Association and editors from Consumer Guide offer advice on protecting your rights as a borrower, tenant, employee or shopper. The authors address hundreds of legal situations, including foreclosure, bankruptcy and divorce. They tell when to defend yourself and when to hire a immigration lawyer. There's also a good glossary of legal terms. -- Thy Will Be Done: A Guide to Wills, Taxes and Estate Planning for Older Persons by Eugene J. Daly (Prometheus Books, $21.95 hardcover, $14.95 paperback). If you haven't written a will, this primer will explain why it is critically important to do so. In clear, concise prose, the guide also discusses probate, distribution of assets, trusts and ways to cut estate taxes.
Read 'em and reap: top finance books
Money this year teams up with renowned bookseller Dymocks to nominate the top-selling books about making, accumulating and increasing wealth. Those books are highly popular because they will teach you finance on fastest and most effective way, everything about stocks, investment, brokerage and many other subjects is there:
1. From 0 to 260+ properties in 7 years
Steve McKnight
Wrightbooks RRP $32.95
This is the sequel to the best-selling From 0 to 130 Properties in 3.5 Years, which has sold over 130,000 copies since publication in 2003. The author is the first to admit that investing in property today is different. Interest rates have increased and the inflation rate is higher, and this means investors must vary their strategy or risk making substantial losses.
In an easy-to-understand style, he reveals how he has made the most of cash & cashflow property investing. He shares the latest information on how real estate can make you a fortune, plus tips on how to minimise potential losses. A bonus CD has Steve chatting about real estate investing and how to continue to use property to build wealth.
2. Rich dad, poor dad
Robert Kiyosaki
Techpress RRP $24.95
Personal finance writer and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire high school dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly pay cheques, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them").
Taking that message to heart, Kiyosaki was able to retire at 47. With consultant and CPA Sharon L. Lechter,he lays out the philosophy. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed.
3. From 0 TO 130 properties in 3 1/2 years
Steve McKnight
Wrightbooks RRP $29.95
Melbourne property investor Steve McKnight’s earlier books reveals how he has been able to purchase, on average, a new dwelling every eight and a half days since 1999. That's an amazing 130 properties in three and a half years, generating hundreds of thousands of dollars in passive income. This book challenges the way you look at — and invest in — property forever.
4. Why we want you to be rich
Robert Kiyosaki & Donald Trump
RICH Press RRP $39.95
The wildly financially successful authors of this book state, early on, that a reader will not find in its pages specific advice on how to make or invest money. It's more a book of philosophy that manages to entertain and to inform. Written in bite-size chunks and adorned with quotes (some from the authors' previous works or speeches) and graphs, it explains why some people get rich and others...well, don't.
5. Richest man in Babylon
George S. Clason
Signet Business RRP $19.95
Read by millions, this timeless book holds the key to success — in the secrets of the ancients. Based on Babylonian principles, it's been hailed as the greatest of all inspirational works on the subject of thrift and financial planning.
6. Top stocks 2007
Martin Roth
Wrightbooks RRP $29.95
Popular finance author Martin Roth runs the Top 500 companies through exhaustive selection criteria and subjects each stock to rigorous analysis. This year's Top Stocks includes: individual analysis of the latest results from top Australian companies; comparative sales and profits data and in-depth ratio analysis; five-year price charts and shareholder return figures; comprehensive research detailing each company's overall outlook; and 19 tables that rank all of the companies according to financial data.
7. Think & grow rich Napoleon Hill
Little Hills Press RRP $24.95
This all-time classic has sold more millions of copies around the world in its various editions than any other book of its type and reportedly more millionaires owe their fortunes to this text than any other. This book is the result of 25 years extensive research into the secrets of the 500 wealthiest people in America.
Make no mistake, writes Hill, there is a secret to great wealth and you won't find it taught at school. The secret is so simple, he says, anyone can use it to become fabulously wealthy and successful in their chosen field. Think & Grow Rich offers a step- by-step system for transforming your dreams into reality.
8. How to give your kids $1million each
Ashley Ormond
Wrightbooks RRP $29.95
This book should appeal to every parent's desire to provide wealth and security for their children, taking a simple, fun, low-risk approach. Ormond outlines a very simple plan for parents not only to build wealth for their kids but also to help teach them about money — how it works, how to manage it and how to make it grow. As soon as your kids are old enough, you are encouraged to get them involved in their very own savings plan.
The book comes with a money box that your children can cut out and piece together — and start filling up! Sydney author Ormond, has spent 25 years in the finance industry, 15 years in major banks and 10 years as a private consultant. He draws on his personal experience in developing the plan for his own two kids and also his many years in the finance industry.
9. Starting out in shares: The ASX way
The Australian Stock Exchange
ASX RRP $34.95
This handbook covers why you might invest in shares, the benefits of being a shareholder, how the ASX works, finding a broker, checking broker and buying and selling shares. It includes an introduction to technical analysis, a top-down approach to investing, a bottom-up approach to investing, ratio analysis, floats, risk and return and technical analysis. As well it covers where to go for further information, the All Ordinaries index, why markets go up and down, reading company reports, and record-keeping.
1. From 0 to 260+ properties in 7 years
Steve McKnight
Wrightbooks RRP $32.95
This is the sequel to the best-selling From 0 to 130 Properties in 3.5 Years, which has sold over 130,000 copies since publication in 2003. The author is the first to admit that investing in property today is different. Interest rates have increased and the inflation rate is higher, and this means investors must vary their strategy or risk making substantial losses.
In an easy-to-understand style, he reveals how he has made the most of cash & cashflow property investing. He shares the latest information on how real estate can make you a fortune, plus tips on how to minimise potential losses. A bonus CD has Steve chatting about real estate investing and how to continue to use property to build wealth.
2. Rich dad, poor dad
Robert Kiyosaki
Techpress RRP $24.95
Personal finance writer and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire high school dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly pay cheques, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them").
Taking that message to heart, Kiyosaki was able to retire at 47. With consultant and CPA Sharon L. Lechter,he lays out the philosophy. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed.
3. From 0 TO 130 properties in 3 1/2 years
Steve McKnight
Wrightbooks RRP $29.95
Melbourne property investor Steve McKnight’s earlier books reveals how he has been able to purchase, on average, a new dwelling every eight and a half days since 1999. That's an amazing 130 properties in three and a half years, generating hundreds of thousands of dollars in passive income. This book challenges the way you look at — and invest in — property forever.
4. Why we want you to be rich
Robert Kiyosaki & Donald Trump
RICH Press RRP $39.95
The wildly financially successful authors of this book state, early on, that a reader will not find in its pages specific advice on how to make or invest money. It's more a book of philosophy that manages to entertain and to inform. Written in bite-size chunks and adorned with quotes (some from the authors' previous works or speeches) and graphs, it explains why some people get rich and others...well, don't.
5. Richest man in Babylon
George S. Clason
Signet Business RRP $19.95
Read by millions, this timeless book holds the key to success — in the secrets of the ancients. Based on Babylonian principles, it's been hailed as the greatest of all inspirational works on the subject of thrift and financial planning.
6. Top stocks 2007
Martin Roth
Wrightbooks RRP $29.95
Popular finance author Martin Roth runs the Top 500 companies through exhaustive selection criteria and subjects each stock to rigorous analysis. This year's Top Stocks includes: individual analysis of the latest results from top Australian companies; comparative sales and profits data and in-depth ratio analysis; five-year price charts and shareholder return figures; comprehensive research detailing each company's overall outlook; and 19 tables that rank all of the companies according to financial data.
7. Think & grow rich Napoleon Hill
Little Hills Press RRP $24.95
This all-time classic has sold more millions of copies around the world in its various editions than any other book of its type and reportedly more millionaires owe their fortunes to this text than any other. This book is the result of 25 years extensive research into the secrets of the 500 wealthiest people in America.
Make no mistake, writes Hill, there is a secret to great wealth and you won't find it taught at school. The secret is so simple, he says, anyone can use it to become fabulously wealthy and successful in their chosen field. Think & Grow Rich offers a step- by-step system for transforming your dreams into reality.
8. How to give your kids $1million each
Ashley Ormond
Wrightbooks RRP $29.95
This book should appeal to every parent's desire to provide wealth and security for their children, taking a simple, fun, low-risk approach. Ormond outlines a very simple plan for parents not only to build wealth for their kids but also to help teach them about money — how it works, how to manage it and how to make it grow. As soon as your kids are old enough, you are encouraged to get them involved in their very own savings plan.
The book comes with a money box that your children can cut out and piece together — and start filling up! Sydney author Ormond, has spent 25 years in the finance industry, 15 years in major banks and 10 years as a private consultant. He draws on his personal experience in developing the plan for his own two kids and also his many years in the finance industry.
9. Starting out in shares: The ASX way
The Australian Stock Exchange
ASX RRP $34.95
This handbook covers why you might invest in shares, the benefits of being a shareholder, how the ASX works, finding a broker, checking broker and buying and selling shares. It includes an introduction to technical analysis, a top-down approach to investing, a bottom-up approach to investing, ratio analysis, floats, risk and return and technical analysis. As well it covers where to go for further information, the All Ordinaries index, why markets go up and down, reading company reports, and record-keeping.
Tuesday, April 22, 2008
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Wednesday, April 2, 2008
Get loans to start up your own business
According to the USA Today, there are 4 characteristics that a small business owner needs in order to make his or her business successful:
1. Attitude
2. Sacrifice
3. Risk
4. Planning
There is one highly important thing missing from this idea, however: money. Without money, a person cannot start or advertise the business; much less keep it growing and thriving. For some, especially those with bad credit, obtaining small business loans is next to impossible. Thanks to the help of www.thecreditdoctor.com, The Credit Doctor Inc. has developed a program that can help businesses rebuild their credit and establish a pattern of outstanding credit.
Fort Worth and Dallas bad credit small business loans are the area of expertise for The Credit Doctor Inc. and they work with their clients in order to correct their credit problems. Unsecured small business loans as well as bad credit loans are made available through The Credit Doctor programs. The Platinum Business Credit Building Package, for example, includes:
1. Attitude
2. Sacrifice
3. Risk
4. Planning
There is one highly important thing missing from this idea, however: money. Without money, a person cannot start or advertise the business; much less keep it growing and thriving. For some, especially those with bad credit, obtaining small business loans is next to impossible. Thanks to the help of www.thecreditdoctor.com, The Credit Doctor Inc. has developed a program that can help businesses rebuild their credit and establish a pattern of outstanding credit.
Fort Worth and Dallas bad credit small business loans are the area of expertise for The Credit Doctor Inc. and they work with their clients in order to correct their credit problems. Unsecured small business loans as well as bad credit loans are made available through The Credit Doctor programs. The Platinum Business Credit Building Package, for example, includes:
- How to obtain and then protect a credit profile
- The numerous tax benefits of having a corporation
- Guide to personal credit repair
- The Credit Doctor's IRS Small Business Tax Center
- How to obtain unsecured small business loans
- Explains the new way to clean up credit (in less than 2 weeks)
- Risks and potential benefits of offshore banking and incorporation
Business Loans | Poor Credit
Obtaining a Business Loan When Your Credit Rating is Poor
Poor credit, unfortunately, is a common problem for many women. Poor credit can happen for a variety of reasons. It can be due to a divorce, when bills weren't paid on time or at all. It can be due to a medical disaster, where bills have piled up so high that paying them has become impossible, and credit scores have dropped accordingly. It can be due to a job loss or lack of income and the inability to pay bills. Whatever the reason, it may also mean that you'll have difficulty obtaining a business loan. However, it doesn't mean that obtaining a loan for your business is impossible or completely out of reach. A bad credit loan may be the key to pulling yourself out of financial problems and getting back on track in order to focus on your business needs.There are many programs and lenders that specialize in bad credit loans. Because someone with poor credit is viewed as a high risk to lenders, business loans for these individuals are virtually impossible to obtain. However, by becoming creative and resourceful, obtaining a bad credit loan for business purposes is definitely possible.
- Refinance your home for cash out, or consider a home equity loan.
Most commonly, and probably most easily obtained, a bad credit loan for business purposes can be approved for someone with credit that's not ideal if they are property owners. According to Targetwoman.com, approximately 20 percent of all adults are not able to get a conventional mortgage due to their poor credit rating. If you're one of these individuals, you're not alone. Don't feel completely embarrassed about it, but rather, be aware of it, and search for loan sources that specialize in bad credit loans. Use your home ownership status to your advantage. You'll pay a higher interest rate, but by refinancing your home and getting back on track, you'll have the opportunity to repair your credit by making your payments on time, thus rebuilding your credit and allowing yourself the opportunity to refinance again down the road at a lower interest rate.- Apply for a collateral loan.
Bad credit loans normally require some type of collateral, reassuring the lender that in the event that the loan is not repaid, they won't lose all of the money they loaned. Collateral also puts stress on you to pay your loan payments on time, or risk losing the item(s) that you used for collateral. Signature loans are virtually impossible in which to be approved if your credit is poor. However, a bad credit loan can be obtained by using items for collateral, such as snowmobiles, ATVs, boats, cars, trucks, motorcycles, artwork, or other appraisable items or items in which a fair market value can be given. Obviously, because the value of these items is not as great as for a home, the loan value will be less. However, a small loan can help get your business ideas off the ground, and will allow you the opportunity to rebuild your credit so that future loans will be more easily obtained. As with mortgages, though, search for a lender specializing in bad credit loans.- Ask a friend or relative to cosign on a loan.
If your credit is poor and you don't have collateral and you don't own a home, options are not as widely available for bad credit loans. However, if you have a friend or relative that trusts you to repay the loan, another option is to consider asking that person to cosign the loan for you. By cosigning, that person is ensuring the lender that if you are unable to pay the loan yourself, the other person will take over the payments for you. While this offers the lender stability and more of a guarantee that the loan will indeed be repaid in the event that you're not able to keep up the payments, approach this option cautiously. This type of bad credit loan will not work for everyone. In the event that you do not repay the loan, it can ruin a friendship or a relationship with the relative who cosigned on the bad credit loan.- Seek a business investor.
A business investor can often be a good way to bring money into a business as a type of or alternative to a bad credit loan. The money can be brought into the business as a bad credit loan, to be repaid in a given amount of time, or it can allow the investor to obtain partial ownership of the business. Normally, investors are looking to invest large sums into the business to obtain a high return. Developing a business proposal for an investor is usually necessary, but the rewards can be great in certain situations.
As with any type of loan, do your homework before applying for a bad credit loan. Consider all options that are available to you, and choose the option that best suits your situation and your business.
Small Business Loans With Bad Credit
Small business loans with bad credit offer reasonable hope to those that didn't think they could get financing. Also a refinance with bad credit is posible. A poor credit history may require applicants to pay a higher fee than applicants with a stellar history, but there are institutions that specialize in this area. Before obtaining such financing, research other options including family, friends, other income sources and low or no interest credit cards.
Starting a business is exciting, but it comes with great risks. The reason for this is because borrowing money with higher interest rates should be the last resort, not the first option. Therefore, consider all other avenues of resources before committing to a small business loan with bad credit. Finding these resources may be difficult especially when just starting out. The best place to start is the local chapter of SBA. This is the best resource for all the information needed to get an idea up and running. However, even if credit has been sketchy, if the business idea has a good chance of succeeding, taking advantage of a small business loan with bad credit even with the fees and interest rates could prove to be a wise move.
The idea is not to lament about having the extra fees involved in taking out the money, but instead to be grateful that there are options available. Take advantage of the opportunity offered through institutions and investors by way of small business loans with bad credit, and use this type of financing as the first step out of a poor credit history and into a financially lucrative career. As always, consult with friends and a financial adviser to gain insight and advice on a career move. "Hear counsel, and receive instruction, that thou mayest be wise in thy latter end." (Proverbs 19:20) Prayer is one of the most powerful motivators in Christian business people. Socializing with like people and keeping Godly focus will have a great impact on the success of any entrepreneurial venture.
Keep in mind there are many different sources for funding, including private investors, banks, and institutions that search out borrowers looking for small business loans with bad credit. All of these lenders will want some sort of guarantee on repayment of the loan, especially if they look at financial history. If they are willing to lend money for a small business loan with bad credit and no collateral, expect to pay significant fees and interest. While this may sound like a large obstacle, take time to evaluate the situation.
Bad Credit Loans and Facts
Whenever you apply for a loan, your credit history is reviewed. Depending on that your application may be accepted or rejected. If you have a good credit history, you may qualify for a loan with great rates, terms and conditions. But on the other hand, if you have a bad credit history, you may have to settle for a bad credit loan. Bad credit loans are loans that are made for people with a bad credit history. Not every lender offers these loans. So you might have to look for lenders who are willing to offer these loans.
Since a person with a bad credit history is considered to be a risky factor while lending a loan, the lenders will charge a much higher rate of interest. The processing fees, closing costs etc will also be much higher than normal loans. But the advantage that you have despite of the high rate of interest is that your application will be accepted even if you have the worst credit score. Of course if you compare the loans, they will look like substandard ones. But you need to understand the fact that because of your credit score, these loans are your only chance. No other lender would accept your application.
Improve Your Chances
You can improve your chances of the application getting accepted by applying for a secured loan. A secured loan is a loan in which the borrower has to pledge some sort of security when he applies for the loan. In this case, the lenders are not at risk. Because, if the borrower defaults on the payments then the lender can easily retrieve the amount. Lenders are more open to secured loans and it might not be very difficult for you to convince a lender despite your credit rating. You can also improve your chances by a huge number if you build up some credit worthiness before you apply for the loan. Never default on any payments, keep you banking transactions etc error free and then apply for the loan. This shows that despite your bad past credit history, your recent pattern shows that you are developing healthy payment habits. Of course it will also do wonders for your credit score. You need to keep in mind that 'credit worthiness' is the prime determining factor when it comes to chances of your loan getting approved.
Post Application
Now that your application is accepted, the next thing to ensure is that you get some good interest rates. Yes, the rates will seem sky high when you compare it with other loans but they can be negotiated and bought down to a certain extent. The down payment can help you bring down the rates by a huge margin. If you can pay a big percentage of the amount up front, you are more likely to get lower interest rates. It also creates a better picture in the mind of the lender. So if you are planning to apply for a loan in September, start saving for the down payment at least 6 to 8 months prior to it so that you have the amount ready when you need it. All unnecessary expenses need to be cut down while you save. The worst part about money is that when you have it, even the most trivial things seem to be a necessity. So restrain yourself from purchasing unwanted stuff.
Bad Credit Business Loans Get Apply Bad Credit Business Loan Bad Credit Loans People
Bad Credit Business Loans
If you have a bad credit record but need a business loan, there is nothing to worry about. Today, many banks and financial institutions offer bad credit business loans and give various good options and benefits to choose from for home job people . To get a good loan it is important to have a working knowledge of what bad credit signifies, how it is measured and how one should go about choosing the best bad credit loan.
Bad credit signifies a person's credit behavior and is measured using credit scores. All major credit bureaus, like the Experian, Equifax and TransUnion, have information about you that is used to compile these scores. As the information with each bureau may vary a little there is often a little variation in the scores of different institutions. But with emerging times, standard models like FICO have been set, making the scores more or less uniform.
To come up with your score, the information in your credit report is compared with that of millions of others. This data is then used to judge your current credit behavior and predict your future credit behavior. A company called Fair Issac Corporation was instrumental in designing a uniform credit scoring method called the FICO scores.
FICO credit scores range from 300-850. While the average American score stands at 677, a higher score indicates a better credit record, allowing banks to lend you money at lower interest rates. Most organizations use these scores to decide whether to lend money to you or not. In the initial years, when standardization in credit scores had not yet occurred, banks were not willing to risk their money on bad creditors. But today, standardized credit scores and statistical models allow lenders to predict borrower behavior and design loan schemes accordingly.
The best way to look for a bad credit business loan is to first get an idea of how bad your credit is. You can get your FICO score from one of the major credit bureaus or from Fair Issac Corporation for a fee. Besides your score, your payment history and your credit reports are other features that lenders often look into. Often, having a good personal rapport with lenders can also be useful in such times. As bad credit business loans often attracts a high rate of interest, shop around to get a loan with lowest interest rates. Today, there are many institutions that offer bad credit business loans, so if one organization turns you down, trust us, there are many more around the corner willing to give you a loan.
One such leading financial institution is Allworldprivatefunding.com. Kindly, browse through our services and say goodbye to your financial worries.
If you have a bad credit record but need a business loan, there is nothing to worry about. Today, many banks and financial institutions offer bad credit business loans and give various good options and benefits to choose from for home job people . To get a good loan it is important to have a working knowledge of what bad credit signifies, how it is measured and how one should go about choosing the best bad credit loan.
Bad credit signifies a person's credit behavior and is measured using credit scores. All major credit bureaus, like the Experian, Equifax and TransUnion, have information about you that is used to compile these scores. As the information with each bureau may vary a little there is often a little variation in the scores of different institutions. But with emerging times, standard models like FICO have been set, making the scores more or less uniform.
To come up with your score, the information in your credit report is compared with that of millions of others. This data is then used to judge your current credit behavior and predict your future credit behavior. A company called Fair Issac Corporation was instrumental in designing a uniform credit scoring method called the FICO scores.
FICO credit scores range from 300-850. While the average American score stands at 677, a higher score indicates a better credit record, allowing banks to lend you money at lower interest rates. Most organizations use these scores to decide whether to lend money to you or not. In the initial years, when standardization in credit scores had not yet occurred, banks were not willing to risk their money on bad creditors. But today, standardized credit scores and statistical models allow lenders to predict borrower behavior and design loan schemes accordingly.
The best way to look for a bad credit business loan is to first get an idea of how bad your credit is. You can get your FICO score from one of the major credit bureaus or from Fair Issac Corporation for a fee. Besides your score, your payment history and your credit reports are other features that lenders often look into. Often, having a good personal rapport with lenders can also be useful in such times. As bad credit business loans often attracts a high rate of interest, shop around to get a loan with lowest interest rates. Today, there are many institutions that offer bad credit business loans, so if one organization turns you down, trust us, there are many more around the corner willing to give you a loan.
One such leading financial institution is Allworldprivatefunding.com. Kindly, browse through our services and say goodbye to your financial worries.
Bad Credit Business Loans & Financing Solution
Stop applying for Bad Credit Business Loans!
Acquiring a business loan is not easy for businesses with bad credit. Getting approved for a business loan from a bank with a credit score of 650 or less can be extremely difficult. Unfortunately for young businesses bad credit is a common plight. Many entrepreneurs quickly learn that their initial business loan was helpful in establishing and starting up – but expansion, maintenance or even growth requires additional funding which may not always be available. New small businesses tend to damage their own chances for secondary financing during slow beginnings when fixed loan repayments are not always made on time. Other factors such as personal credit may also damage ones ability to be approved for a business loan as most lenders (banks and other financial institutions) look at a combination of both personal and business credit. Many business owners turn to private lenders, small loan companies, or even family or friends. Acquiring the necessary funds through these private channels is usually not realistic as funding amounts are typically limited.
Get a Business Cash Advance: Business Loan Alternative
Business cash advances are the best option for businesses with poor credit in need of financing. Cash advances offer the following benefits not available through bank bad credit business loans:
- Flexible repayment options!
- Unsecured, no collateral necessary!
- Bad credit not an issue!
Our simple online application takes only a few minutes to complete, and we can approve your business for an unsecured cash advance in less than 24 hours.
Stop turning to banks for business loans with bad ro poor credit, get the financing you need quickly.
Business loans with bad credit
Business loans with bad credit can be a very difficult thing. Difficult, but not impossible.
If your personal credit scores are below 640 you are going to need excellent business credit scores to get approved for business loans. Lenders look at the risk involved in making your loan and that is going to be determined according to your credit history. Unfortunately individuals with a history of bad credit are more likely to have late payment and/or to default entirely.
Banks won't even think about lending to a person with bad credit, so don't apply there. But there are many institutions that may approve your business loan with bad credit application. Some lenders actually specialize in bad credit loans. These lenders will consider making loans that are sub-standard by most banking criteria.
Due to the fact that these lenders will make these higher risk loans, they therefore tend to charge substantially higher interest rates. Even though these lenders will consider making business loans with bad credit they each have their own unique lending criteria.
Some business loans with bad credit lenders will require substantial collateral, others will want to tie up your receivables, others will want to see that your business has excellent credit and can prove it can debt service the loan, still others will blanket lien all your business and personal assets.
If your personal credit scores are below 640 you are going to need excellent business credit scores to get approved for business loans. Lenders look at the risk involved in making your loan and that is going to be determined according to your credit history. Unfortunately individuals with a history of bad credit are more likely to have late payment and/or to default entirely.
Banks won't even think about lending to a person with bad credit, so don't apply there. But there are many institutions that may approve your business loan with bad credit application. Some lenders actually specialize in bad credit loans. These lenders will consider making loans that are sub-standard by most banking criteria.
Due to the fact that these lenders will make these higher risk loans, they therefore tend to charge substantially higher interest rates. Even though these lenders will consider making business loans with bad credit they each have their own unique lending criteria.
Some business loans with bad credit lenders will require substantial collateral, others will want to tie up your receivables, others will want to see that your business has excellent credit and can prove it can debt service the loan, still others will blanket lien all your business and personal assets.
Tuesday, March 18, 2008
Managing Cash Flow
Wow -- I am still amazed at how complex managing personal finances gets once you get married. It's like that corporate project that gets extra headcount to speed things up, but yet everything slows down because more communication, more interlock is needed.
When it was just me, I always had a running tally on the month's cash flow in my head. I knew if I was ahead or behind for the month and what was coming so managing cash flow was easy. If there was a big expense looming I would buckle down, delaying expenses in other areas to normalize the cash flow. Worked great.
Now things are not as flexible as they were. I just can't take the month's cash flow and allocate it to a large expense or investment if I wanted to. I have to anticipate expenses and keep a much higher buffer (how was I suppose to know we had to get a fancy new comforter for the bed this week? how was she suppose to know I had to take someone last minute from work out on the town?) - it was much simpler when it was a one-man team.
However, it's not a bad thing. Being married means there are more income streams and likely a larger pie to divide up during the month than before. It just requires a more conservative plan and regular communication to make it work.
My wife and I have realized this is where we need to focus for now when we discuss finances. Rather than talking about investments, life planning, retirement funding, reviewing the 100+ account balances we have, etc we need to focus on becoming a well oiled machine when it comes to managing our cash flow. It narrows the scope, makes this whole merging finances aspect seem so much less daunting at times, and lays the ground work for the rest of our financial merger.
I mentioned earlier that I needed to improve the financial reports that are used to help my wife and I communicate about our finances. I think I have a clearer understanding of what I need to focus on at least initally in reports we use. Cash flow is king.
Changing my Blog Focus… Giving vs Getting
I have been thinking about this for at least two weeks now and finally figured I’m going to jump on it.! All the blogs I’ve found on personal finance so far are all about getting, making and acquiring more money.
See the problem is I’m a twenty year old nearly $20 thousand dollars in debt. With my birthday on April 20. I’ll be turning 21. So my idea is to try and spread the word about my blog as huge as possible so that I may receive the guidance and support I need. This is definitelygoing to be a group effort and if you don’t believe I can get myself out of debt and then go on to build my networth to the point where I can actually give $1,000,000 million dollars away. I would like to say don’t bother posting, however I’ll actually encourage you to post you uplifting spirit. I’ll be able to use your comments and postings when I finally reach my goal before I turn 22.
Check-List Of Giving
- Of course before I can start I’ve gotta pay off my chunk of society. This is going to go along with the new profession I’ve chosen to participate in. I’m going to work on being a Real Estate agent. (Once again being able to help people) Teach people how to get into a house without all the complicated trappings.
- My parents house and/or complete debt package. Which who knows I think it could be around $300k that includes Best Finance personal and Business Loans For Bad Credit. Heck that would set me at nearly half way through my goal alone
- Once thats complete I’m going to move onto my grandma’s house. Help he not only pay off her $30k remaining mortgage thats left, but also purchase her house from her and allow her to live there rent and mantanence free. Investing her equity in a dividend income trust allow her house to liturally pay for itself along with probably any bills she may have.
- Next task on this list will be my brothers student loans…! Wow glad I didn’t go to K.U or another University!!! They are way WAY over priced. My bros got at least $70k probably $80 in evil Sally May student loans.
Like all the great seminar speakers and goal setting gurus say your suppose to write down your goals. Hopefully typing when you’re a major computer geek will work the same as writting. Since my fingers can dance along the keyboard as if I were speaking. Ok, so here they are my top 4 major definit goals that will be completed before April 19, 2008 11:59pm (1 minute before my 22nd birthday).
Year End Fun
So I started my year end sojourn today of updating forms. I have tried all types of tax software (turbo tax, tax cut, etc...) but have always been annoyed by the forced linear progression, and forced jump points.
For several years now, I have duplicated my releveant tax forms into excel sheets, where I enter my data and the forms update 'on the fly'. I fill out a schedule C, so it enables me to see what would happen if I buy supplies one year vs another, or what the impact will be of funding a sep.
Needless to say, it's a pain in the rear, but it's worth it. Anyway, 2005 changes to the spreadsheets are finally complete -- now for the shoeboxes of receipts...
For several years now, I have duplicated my releveant tax forms into excel sheets, where I enter my data and the forms update 'on the fly'. I fill out a schedule C, so it enables me to see what would happen if I buy supplies one year vs another, or what the impact will be of funding a sep.
Needless to say, it's a pain in the rear, but it's worth it. Anyway, 2005 changes to the spreadsheets are finally complete -- now for the shoeboxes of receipts...
The development of religion has taken many forms in various cultures.
founder of the MAKE NYC group) made a cool keyless entry hack for his apartment Arduino is a tool for making computers that can sense and control more of the If you're interested in making this real, er, virtual, drop me a line, or just go do it, ktx. Recent Entries. License plate dustpan. Astro geeks spot spy a more environmentally friendly way to plastic with OUT using foreign oil? Recent Entries. Sensors Based on Photonic Crystals. The Thinning You can make entries ("posts" or "updates") to your Weblog any time you Here's how it works: When making an entry, you'll have a Permalink checkbox option. have asked me how I made the trip to Québec entry, so here's an explanation. design advice I'd read a design blog. I have posted 281 entries. How to Make Blog Entry. Step 1.
Enter blog address into internet browser (i.e. Internet Explorer) Step 2. Click on "comment." Step 3. Type in your comment. Python Client. Firedrop2. Entries. Making an Entry. New Entries and images in your blog entries, or file attachments, the necessary edits and If you've already started your blog, then just click "Compose New Entry" on the left. Search the Web for 'How do I make a blog entry? of ends to sew, and it's making me look at that yarn in a this entry, it means that you're snooping or that Amy's professional hacking the code together. our video auto play we have 19 already and are in the process of making more.
Enter blog address into internet browser (i.e. Internet Explorer) Step 2. Click on "comment." Step 3. Type in your comment. Python Client. Firedrop2. Entries. Making an Entry. New Entries and images in your blog entries, or file attachments, the necessary edits and If you've already started your blog, then just click "Compose New Entry" on the left. Search the Web for 'How do I make a blog entry? of ends to sew, and it's making me look at that yarn in a this entry, it means that you're snooping or that Amy's professional hacking the code together. our video auto play we have 19 already and are in the process of making more.
Why Investing In “Sure Thing” Buyouts Is Risky
Usually when one company offers to buy another company, it offers a premium on the current stock price and the stock price jumps up pretty close to the offered price it's like investing in gold. The difference in the current price and the buyout price, that “pretty close” number, includes a variety of factors. Those factors include the risk that the deal won’t be approved by regulators or shareholders, the time value of money (a deal that will close tomorrow has less of a discount versus a deal to close in a year), or a whole host of other factors. The shareholders that held the stock before wind of this pending offer are generally happy since their shares will appreciate more than they expected. Some investors consider buying the stock because there still is a little bit of difference between the current share price and the offered price. It seems like a sure thing right? Wrong.
When Bank of America offered to buy Countrywide Financial, it offered absolutely no premium. It offered $7.16 a share on January 11th. Shares of Countrywide are only trading at $4.27 right now… why not snap up shares of CFC at $4.27 and pick up what appears to be a nice healthy premium for your money? You might not want to do that because Countrywide is going to be investigated by the FBI. Woah! That wasn’t in the list of “factors” I listed above and that’s because it’s not something you typically associate with a buy out! If the FBI finds something bad, Bank of America can still back out.
As Ron Popeil would say, but wait there’s more… let’s say you heard about the Microsoft offer of cash and stock for Yahoo, pricing each share at around $31. Let’s say you decided to snatch up a few shares of Yahoo on the buy-out offer because you wanted to make a few bucks and because you thought the buy-out made sense. Then Yahoo tried to find additional suitors to increase the sale price only to find out no one else was truly interested. In the interim, Yahoo and Microsoft stock prices fell so the original offer wasn’t as high, a scenario not mentioned in the list. The underlying offer, since it was pegged to an asset whose value changed, changed as time passed!
So, if you hear of a buy-out and are considering to snatch up some “sure thing” money, think twice. There are a lot of factors and scenarios out there that you may not be taking into account. The market has figured it out and that’s why there’s a difference in the first place.
When Bank of America offered to buy Countrywide Financial, it offered absolutely no premium. It offered $7.16 a share on January 11th. Shares of Countrywide are only trading at $4.27 right now… why not snap up shares of CFC at $4.27 and pick up what appears to be a nice healthy premium for your money? You might not want to do that because Countrywide is going to be investigated by the FBI. Woah! That wasn’t in the list of “factors” I listed above and that’s because it’s not something you typically associate with a buy out! If the FBI finds something bad, Bank of America can still back out.
As Ron Popeil would say, but wait there’s more… let’s say you heard about the Microsoft offer of cash and stock for Yahoo, pricing each share at around $31. Let’s say you decided to snatch up a few shares of Yahoo on the buy-out offer because you wanted to make a few bucks and because you thought the buy-out made sense. Then Yahoo tried to find additional suitors to increase the sale price only to find out no one else was truly interested. In the interim, Yahoo and Microsoft stock prices fell so the original offer wasn’t as high, a scenario not mentioned in the list. The underlying offer, since it was pegged to an asset whose value changed, changed as time passed!
So, if you hear of a buy-out and are considering to snatch up some “sure thing” money, think twice. There are a lot of factors and scenarios out there that you may not be taking into account. The market has figured it out and that’s why there’s a difference in the first place.
Sunday, March 16, 2008
Best Practice in Non-Financial Information Management
Management of data and information, whether for CSR programmes, voluntary sustainability reporting or legal emissions trading purposes, is an essential part of an organisation's performance management. The IEMA, working in partnership with Future Perfect Ltd, has developed a workshop specifically designed to improve awareness and practice in the management of essential data and information.
This workshop has been designed for both organisational personnel responsible for data management processes and auditors who may be required to review these processes as part of internal or external audits.
The workshops will run from 9:00am-5:00pm, are open to both members and non members. Attendance at this workshop will contribute towards CPD (Continuing Professional Development). Materials, lunch and refreshments will also be provided.
New Dates Announced!
London - 12th February 2008
Manchester - 19th March 2008
Price:
Member £250 (£293.75inc. VAT)
Non Meber £340 (£399.50 inc. VAT)
100 Percent Refinance – No Down Payment Refi Loans
Refinancing 100 percent of your loan allows you to cash out all of the value of your home. With no down payment required, you can use your money to pay off debt, invest in other property, or remodel your current home. When refinancing, make sure that you find the best lender so you don't get stung on high rate and fees.
Understanding 100% Refinance
100% refinancing means that you take out the total value of your property. You will still need to pay for application fees and points, if you decide to purchase a lower rate. Those closing costs can add up to 3% or more of your loan's principal amount. But with 100% financing, you can deduct the amount from your principal.
With no equity left, conventional lenders with their prime loans will require you to carry private mortgage insurance. However, subprime lenders don't ask for such insurance, saving you hundreds a year.
Refinancing also has its tax advantages. For instance, closing costs can be deducted along with paid interest under certain conditions.
Refi Lenders Offer Instant Payday Loans Online
By refinancing your total home's value, rates will be higher than with a traditional refinance. But you can find low rates by researching lenders online.
Lenders are now able to provide near instant loan quotes without access your credit report. That means you get trustworthy numbers without having needless credit hits on your report. And the better shape your credit score, the lower rates you qualify for.
When you do ask for loan estimates, give specific information. Provide precise information about your credit score, debt loan, and assets. If you don't know about credit or debts, check out your credit report.
Consider Two Mortgages Instead Of One
Another way to secure 100% refinance is to apply for two separate mortgages. With this method, you can tap into your equity with a prime loan without having to pay for private mortgage insurance.
You can also save money by structuring your terms differently with each loan. For instance, you could choose a 30 year fixed for your first mortgage and a 5 year adjustable with your second mortgage.
With this type of financing, you want to investigate loan quotes. You will also need to be comfortable with the added risk level of an adjustable rate mortgage.
Understanding 100% Refinance
100% refinancing means that you take out the total value of your property. You will still need to pay for application fees and points, if you decide to purchase a lower rate. Those closing costs can add up to 3% or more of your loan's principal amount. But with 100% financing, you can deduct the amount from your principal.
With no equity left, conventional lenders with their prime loans will require you to carry private mortgage insurance. However, subprime lenders don't ask for such insurance, saving you hundreds a year.
Refinancing also has its tax advantages. For instance, closing costs can be deducted along with paid interest under certain conditions.
Refi Lenders Offer Instant Payday Loans Online
By refinancing your total home's value, rates will be higher than with a traditional refinance. But you can find low rates by researching lenders online.
Lenders are now able to provide near instant loan quotes without access your credit report. That means you get trustworthy numbers without having needless credit hits on your report. And the better shape your credit score, the lower rates you qualify for.
When you do ask for loan estimates, give specific information. Provide precise information about your credit score, debt loan, and assets. If you don't know about credit or debts, check out your credit report.
Consider Two Mortgages Instead Of One
Another way to secure 100% refinance is to apply for two separate mortgages. With this method, you can tap into your equity with a prime loan without having to pay for private mortgage insurance.
You can also save money by structuring your terms differently with each loan. For instance, you could choose a 30 year fixed for your first mortgage and a 5 year adjustable with your second mortgage.
With this type of financing, you want to investigate loan quotes. You will also need to be comfortable with the added risk level of an adjustable rate mortgage.
45th Edition of the Award for the Best Financial Information
For the 45th consecutive time, the Belgian Association of Financial Analysts (ABAF/BVFA) has
carried out an extensive study of the financial communication strategy of the Belgian listed
companies. As promised last year we changed our approach for this award this year. As such we
dropped the minimum market capitalisation criterion of Euro 250 million.
2005 is again a challenging year for the Belgian listed companies, working very hard on the
transition to new accounting standards. A large number of Belgian companies already comply.
Given the increased presence of foreign institutional investors, we think this is an important asset in
combination with the increased communication efforts. We do regret that the regulatory framework
on quarterly reporting has been attacked by a number of companies and as such has been dropped.
Our nature forces us to also raise a critical voice, something that happens to little. Last year for
instance we found out that some Bel-20 companies fail to provide adequate information on the
execution of the outstanding warrants/stock options in their annual report.
This year we have worked using a 2-stage selection process. During a pre-selection (phase 1),
analysts were asked to evaluate the quality of the annual report, the press releases, the availability
of a dedicated Investor Relations service and the quality of the website. They were also asked to be
on the lookout for companies that are striving to correct past underperformance in the area of
financial communication. In a second phase (phase 2), a thorough analysis of the different aspects
of the short-listed companies has been performed. 4 main topics were thoroughly analysed: annual
report, press releases, investor relations and the quality of the website
Unlike last year we did change our valuation grids, facilitating the comparability from year to year.
Changes were made in the items: permanent information flow and website.
Based on the pre-selection done by all Belgian analysts and the outcome of our valuation grids the
top 5 companies were selected. One of those wins the Award. Next to that, we have decided to
attribute three specific nominations to companies that excel in one domain of the selection criteria.
For the Award 2005 of Best Financial Information the following companies form the top 5 taking
all criteria of best financial information into account.
1) Barco 3) Solvay 5) KBC
2) Delhaize 4) Innogenetics
Due to the fact that the following companies have won the price in the former 3 years (Delhaize
2004, Innogenetics 2003, Umicore 2002) they can not win the Award 2005 for the Best Financial
Information.
Based on all selection criteria, the commission is delighted to present the Award for the Best
Financial Information to Barco.
The commission wishes to nominate the following 3 companies:
a) KBC for Best Annual Report
b) Global Graphics for Best Small Cap Investor Relations
c) D’Ieteren for Best Website
We wish to thank all Belgian Financial Analysts that helped us with this 45th session of the Award
for the Best Financial Information.
carried out an extensive study of the financial communication strategy of the Belgian listed
companies. As promised last year we changed our approach for this award this year. As such we
dropped the minimum market capitalisation criterion of Euro 250 million.
2005 is again a challenging year for the Belgian listed companies, working very hard on the
transition to new accounting standards. A large number of Belgian companies already comply.
Given the increased presence of foreign institutional investors, we think this is an important asset in
combination with the increased communication efforts. We do regret that the regulatory framework
on quarterly reporting has been attacked by a number of companies and as such has been dropped.
Our nature forces us to also raise a critical voice, something that happens to little. Last year for
instance we found out that some Bel-20 companies fail to provide adequate information on the
execution of the outstanding warrants/stock options in their annual report.
This year we have worked using a 2-stage selection process. During a pre-selection (phase 1),
analysts were asked to evaluate the quality of the annual report, the press releases, the availability
of a dedicated Investor Relations service and the quality of the website. They were also asked to be
on the lookout for companies that are striving to correct past underperformance in the area of
financial communication. In a second phase (phase 2), a thorough analysis of the different aspects
of the short-listed companies has been performed. 4 main topics were thoroughly analysed: annual
report, press releases, investor relations and the quality of the website
Unlike last year we did change our valuation grids, facilitating the comparability from year to year.
Changes were made in the items: permanent information flow and website.
Based on the pre-selection done by all Belgian analysts and the outcome of our valuation grids the
top 5 companies were selected. One of those wins the Award. Next to that, we have decided to
attribute three specific nominations to companies that excel in one domain of the selection criteria.
For the Award 2005 of Best Financial Information the following companies form the top 5 taking
all criteria of best financial information into account.
1) Barco 3) Solvay 5) KBC
2) Delhaize 4) Innogenetics
Due to the fact that the following companies have won the price in the former 3 years (Delhaize
2004, Innogenetics 2003, Umicore 2002) they can not win the Award 2005 for the Best Financial
Information.
Based on all selection criteria, the commission is delighted to present the Award for the Best
Financial Information to Barco.
The commission wishes to nominate the following 3 companies:
a) KBC for Best Annual Report
b) Global Graphics for Best Small Cap Investor Relations
c) D’Ieteren for Best Website
We wish to thank all Belgian Financial Analysts that helped us with this 45th session of the Award
for the Best Financial Information.
10 Easy Ways To Organize Your Business Finances
Whether you are a new entrepreneur or a more experienced business owner, taking control of your finances can feel like a part-time job. Some simple tips can help you streamline your time, organize your finances and reduce the stress of business money matters.
1. Keep Your Bills in One Place
When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwanted late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.
2. Pay Your Bills on Schedule
Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills as you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "Payable Upon Receipt", there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.
3. Read Your Credit Card Statements
Most people take advantage of low interest credit card offers but never read their statements when paying the bill. Credit cards are notorious for using low interest as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.
4. Take Advantage of Automatic Payments
Most banks offer a way to automatically deduct money from your account to pay creditors. In addition, the creditors usually offer a lower interest rate when you sign up for this payment option because they get their money faster and on-time. Consider it as one fewer check to write, envelope to lick and stamp to buy. Just make sure you record the deduction when the automatic payment is scheduled or you run the risk of bouncing other checks.
5. Computerize Your Checkbook
Using a software program is a handy way to organize your finances. Whether it's Quicken(r), Microsoft Money(r) or another package, these easy-to-use programs make bill paying and bank reconciliation a cinch. Computer checks can be ordered almost anywhere and fit right into most printers. Once the checks are printed, all of the information is automatically recorded in your electronic checkbook. Furthermore, many banks have direct downloads into these software packages so when money is deposited or withdrawn, the transaction is entered immediately onto your computer. And, when it comes time to do taxes, it couldn't be easier.
6. Get Overdraft Protection
Most banks have a service where, if you run the risk of bouncing a check, the money will come from another source. For a nominal fee, the bank will link your checking account to either a savings, money market, or credit card so the embarrassment of bouncing a check will be avoided. Call or visit your bank to learn about this convenient feature.
7. Cancel Unused Accounts
Whether it's a credit card or bank account, write a letter requesting that the account is formally closed. Not only will this improve your credit score, it is a useful way to avoid money from being scattered all over the place. Don't let department stores and credit card companies lure you into opening new accounts by offering favorable interest rates and purchase discounts. It's easy for credit to get out of hand by taking advantage of every credit offer that comes your way.
8. Consolidate Your Accounts
If you have several credit card accounts with outstanding balances, try to consolidate them into one. Be careful and check the balance transfer interest rates and one-time fees. Also, make a list of all your open Money Markets, Savings, CDs, IRAs, Mutual Funds, and other accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.
9. Establish Automatic Savings
Create a link from your checking account into a savings account that will not be touched. This can usually be done through the banks and automatic amounts will be transferred over each month. Most people will not put money into a savings account on a regular basis. They may wait until a large tax refund check arrives or some other event to actually deposit money into savings, retirement or other accounts. If you establish an automatic savings deposit every month, your accounts will begin accumulating money faster than you think.
10. Clean up Your Files
Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact your local IRS office to see how long records need to be kept for audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven. Consult the Internet for auditing and records-keeping procedures for your state or region.
1. Keep Your Bills in One Place
When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwanted late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.
2. Pay Your Bills on Schedule
Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills as you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "Payable Upon Receipt", there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.
3. Read Your Credit Card Statements
Most people take advantage of low interest credit card offers but never read their statements when paying the bill. Credit cards are notorious for using low interest as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.
4. Take Advantage of Automatic Payments
Most banks offer a way to automatically deduct money from your account to pay creditors. In addition, the creditors usually offer a lower interest rate when you sign up for this payment option because they get their money faster and on-time. Consider it as one fewer check to write, envelope to lick and stamp to buy. Just make sure you record the deduction when the automatic payment is scheduled or you run the risk of bouncing other checks.
5. Computerize Your Checkbook
Using a software program is a handy way to organize your finances. Whether it's Quicken(r), Microsoft Money(r) or another package, these easy-to-use programs make bill paying and bank reconciliation a cinch. Computer checks can be ordered almost anywhere and fit right into most printers. Once the checks are printed, all of the information is automatically recorded in your electronic checkbook. Furthermore, many banks have direct downloads into these software packages so when money is deposited or withdrawn, the transaction is entered immediately onto your computer. And, when it comes time to do taxes, it couldn't be easier.
6. Get Overdraft Protection
Most banks have a service where, if you run the risk of bouncing a check, the money will come from another source. For a nominal fee, the bank will link your checking account to either a savings, money market, or credit card so the embarrassment of bouncing a check will be avoided. Call or visit your bank to learn about this convenient feature.
7. Cancel Unused Accounts
Whether it's a credit card or bank account, write a letter requesting that the account is formally closed. Not only will this improve your credit score, it is a useful way to avoid money from being scattered all over the place. Don't let department stores and credit card companies lure you into opening new accounts by offering favorable interest rates and purchase discounts. It's easy for credit to get out of hand by taking advantage of every credit offer that comes your way.
8. Consolidate Your Accounts
If you have several credit card accounts with outstanding balances, try to consolidate them into one. Be careful and check the balance transfer interest rates and one-time fees. Also, make a list of all your open Money Markets, Savings, CDs, IRAs, Mutual Funds, and other accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.
9. Establish Automatic Savings
Create a link from your checking account into a savings account that will not be touched. This can usually be done through the banks and automatic amounts will be transferred over each month. Most people will not put money into a savings account on a regular basis. They may wait until a large tax refund check arrives or some other event to actually deposit money into savings, retirement or other accounts. If you establish an automatic savings deposit every month, your accounts will begin accumulating money faster than you think.
10. Clean up Your Files
Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact your local IRS office to see how long records need to be kept for audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven. Consult the Internet for auditing and records-keeping procedures for your state or region.
Northern Rock revamp due
LONDON (Reuters) - The new boss of Northern Rock is putting the final touches on his Business Loan texas for the troubled bank, aiming to repay billions of pounds to the government and satisfy European regulators.
Ron Sandler, the troubleshooter running Northern Rock after it was taken under state control last month, is set to outline plans to drastically scale back mortgage lending and try to lure new retail savings, but keep it attractive for a future buyer.
The threat to the bank's 6,000 jobs, increasing scrutiny of the government's finances, a slowing housing market and competition from rivals for deposits makes Sandler's business model a sensitive issue.
Details of the strategy are expected this week, after the Treasury submits the business plan to the European Commission by a deadline of March 17.
REPAYING TAXPAYERS
Despite being engulfed in a five-month crisis, Northern Rock could be in a position to repay almost all its loan to the Bank of England by early next year, according to analysis this week by Simon Ward, economist at fund manager New Star.
Ward said 13 billion pounds of mortgages could be repaid this year and 10 billion pounds of retail deposits could be attracted, which "would leave Rock only 2 billion pounds short of the estimated 25 billion pounds Bank of England loan."
But how well it can attract savers and reduce its mortgage business has been clouded by deepening financial market and economic turmoil.
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