Category: Money

Banking Credit Finance Guide Money

Settling Credit Card Debt On Your Own

No one wants to borrow money from anyone because once the debts start piling up it becomes difficult to manage them in a short while due to which the International Debt Collection management can really make things worse where you have to keep running from pillar to post to clear loans where simply borrowing another loan to pay off the first one is too humiliating to face.

When you’re overwhelmed by debt, paying a company to help settle your credit card bills may seem like an expense you can avoid. It’s natural to wonder, “how can I settle credit card debt by myself?”

And it is a great question. Wanting to settle your debt for less than you owe obviously makes the most sense if done in the most cost-effective manner possible. There’s tons of advice out there regarding debt settlement. Some of it is useful but dangerously incomplete. And some of if it is just plain old bad and should be avoided.

Here is a basic plan for settling credit card debt for less than the principle amount owed.I’ll discuss some key concepts to this plan and shed some light on how the process works. First, let’s clear up a couple of things…

The Truth About Settling Credit Card Debt On Your Own

It’s NOT as easy as you may think and there are plenty of pitfalls to avoid. It requires significant time to do the process, it’s not a simple call to a collections agency. You must document, communicate, negotiate, and follow up when settling credit card debt

Don’t expect to be able to simply talk a collection’s agency into settling for 10% of your debt over the phone. If you are negotiating on your own, 60% is a much more reasonable and attainable goal.

Generally, most people to choose to try to settle credit card debts on their own are able to do so for 75%. However, the real professionals are able to negotiate debt settlements as low as 10%. But this is because they are able to invest significant time into the process and they know exactly what they are doing.

It is not uncommon for people to have no success at all getting any reduction of debt when they try to do it themselves — some can’t even get a break on double-digit interest rates. Unfortunately, folks such as these either remain in debt for life or must reach out for professional assistance.

Attorneys and arbitrators, the common professionals hired to negotiate debt settlements average around 50% and then charge around 15% for their service fee putting the total cost around 65% of your total debt.

So, how are they able to settle your debt for 10-50% of the original total? The secret lies in the volume of debt that the professionals represent. You see the professionals deal with the creditors every single day; they are dependent on each other. And when a professional approaches a creditor representing millions of dollars in debt from many clients, he’s able to negotiate what is effectively a “bulk discount.” By representing and being able to guarantee cash for a larger segment of the creditors receivables, a professional is able to gain significant leverage saving his clients big time.

Auto Loan Credit Finance Guide Loan Money

What Is The Best Way To Fix A Bad Credit Rating

Millions of Americans have blemishes on their credit files that prevent them from getting auto loans, mortgages or credit cards. Unfortunately many people in their efforts to improve their credit fall prey to unscrupulous credit repair scams. The truth is that it is almost impossible to remove accurate negative information from a credit report.

Correcting past credit mistakes and improving your credit score takes time, commitment and effort and can easily be accomplished by paying your bills on time and following the following steps.

When you want to get a car, then you should apply at Title Loans Florida site. There is the availability of the best loan with the less interest rate. An improvisation in the credit score will increase the chances of getting a loan. The paying of the bills is possible from the site to have the benefits.

Start by focusing on getting installment loans paid on time every time. Installment loans are loans with fixed interest rates and are normally associated with big ticket items such as home loans, autoloans and student loans. .These types of loans are weighed more heavily than the credit cards when calculating credit scores.

Your goal is to pay these accounts on time and never be more than 30 days late making a payment for at least the next year to qualify for auto loans/credit cards and for the next two years to qualify for a mortgage.

Determining who gets paid when for credit score/rating purposes is as follows:

Student Loans, Mortgages and Auto Loans Credit Cards and other revolving debt, Non-reported debts such as utilities and cell phones

Non-reported debts will not show as late payments on your credit report – however, if you do not pay them or make alternative payment arrangements within 90 days, they will go into “collection” and will then show up as a bad debt on your credit report.

If you have open collection accounts on your credit report, almost all lenders will want to see them cleared up before they lend you money. Collection accounts also hit your credit score hard when they are new, you can see your credit score drop up to 100 points if you have one account in collection.

Generally, the only exceptions made are for medical bills, most lenders tend to over look these types of collections and will not required them paid off.

Paying off accounts that are in collection takes some planning , start with the most recent accounts first these are the ones that affect your credit score the most. Always contact the collection agency directly and attempt to negotiate a lower payment. Almost every collection agent out there will take fifty cents on the dollar -or less- if it means you can pay the account off now.

Negotiate with your creditors to get the best deal you can by telling them you only have X amount and can send it now, there may be some back and forth, and you may have to speak with the collection manager. Once you have negotiated a deal, always have the collection agency send you the deal in writing before you send any money. If you do not get the deal in writing before you send the money there is an excellent chance that the collection agency will just deduct the funds from the amount you owe and tell you that that they have no record of the deal and that you owe the balance outstanding on the account.

Once you have paid the account, save a copy of the deal and a copy of your cancelled check. After 60 days obtain a copy of your credit report to ensure that the collection agency updated your file. In most cases they usually fail to update your file and you will have to send a copy of the deal to the credit reporting agency. They will update your file and the debt will show on your credit file as “Settled for less than full amount”. This makes no difference to your credit score though, as far as your credit score is concerned the debt has been settled.

Keep in mind that a bad debt will “fall off” your report in 7 years. They no longer report it after that time. If the debt is close to the seven year mark do not pay it off, rather use your money to pay down your credit card debt.

Credit Card debt looks best on your credit report when it is paid on time and the account has been open longer than one year. The amount owing on any credit card should not be more 30 percent of the credit limit. For example if you have a credit card with a $5000 credit limit you should never owe more than $1500 on the card..

Any extra cash should be used to pay bad collection accounts, then pay down your highest balance credit cards then pay down your installment loand

None of these things will save you money. These are merely tactics to quickly improve your credit rating. Then you can worry about how best to use your money.

Huge thing to remember: check your report for incorrect items. Any lender who has denied you credit must legally provide you with a copy of the report they used to turn you down. Usually this is in the denial letter somewhere with 800 number to call credit agency to get report.

Finally, if you have to declare bankruptcy you should be aware that the bankruptcy will hurt your score badly for the first couple of years, there is nothing you can do but wait that out. Each lender has a different criteria for handling bankruptcy. It will usually be easier to get a mortgage than a credit card or auto loan after a bankruptcy. Bankruptcies will fall off your credit report in 7 years, too.

Money

Make Money Online for Stay at Home Moms (SAHM)

With more and more women choosing to stay at home to raise their families learning how to make money while at home has become more important. Unfortunately, I don’t know of any way to make a lot of money quickly so I can’t tell you how to do that, but with some time and effort, you can learn about the Evergreen Wealth formula and with free download Evergreen Wealth Formula 2.0 you can easily make money off it. 

The best advice I can give you to start trying to work from home is to have a schedule if you have small children at home. Trying to keep up with your same level of housework and activity with your children just isn’t possible. You will need to discuss options with your husbands on how to divide some household chores. Some things can be set aside and some can be delegated. If you have older children they can start to take on more responsibility with chores such as sorting laundry or vacuuming. Even though you’ll most likely want to work during the day, or while your husband is at work, you should discuss a set time that your husband will take over child care if you have extra work to do. Some mothers may feel guilty about this, but your children need to spend quality time with their father and you need a child care break even if you are working.

Before you decide to work from home you should estimate how much you think you can earn and see how that will affect taxes. Remember, all the money you make is not taxed and you might end up owing taxes at the end of the year. If you are close to the next tax bracket, it might not be worth it for you to work at all. On the other hand, if you are working from home you may have more deductions. Please talk to an accountant for more information.

One of the quickest ways to get money coming in is by selling things. eBay is the best known online venue for selling items. eBay is great for new and used items. If you are a stay at home mom, you most likely have outgrown baby or children’s items you can get rid of. eBay does take some time to learn if you’re not familiar with it. First, you must become familiar with their fee structure. Second, you should gain some feedback before selling. Buyers aren’t always comfortable with brand new accounts due to rampant fraud. Your auctions will go higher as you gain feedback. Use the advances search to search completed listings to see how an item has sold in the last thirty days before you list something. This will give you a general idea to see if it’s worth listing and what price you should start it at.

If you are crafty or artistic, you can make items to sell on Etsy or Artfire. Both sites are for handmade items, craft supplies, or vintage (over 20 years old). If you are a thrift store and garage sale junkie, vintage might be a good pick. There is a lot to learn about vintage and the authenticity of items, so there is a learning curve. If you are crafty or artistic, selling handmade might be a good choice. Unlike eBay, these sites do not have high volumes of internal traffic. This will require you to not only create, but you must be a photographer, know how to advertise and market, and be in charge of every other aspect of the business. Again, these sites are not a get rich quick thing. Some sellers take years to take off, some only take a few months. It depends on your level of commitment, photography skills, and a little bit of luck.

Blogging has also been quite popular lately and bloggers can earn money by selling ads or getting products to review. Reviewing products can be fun, but you will remember that you have to claim the monetary value as income and pay taxes on them. Blog ads can be profitable when you are successful. To get the traffic necessary to sell ads can take months or even years. You must have a great talent for writing and something interesting to write about to set you apart from hundreds or thousands of other blogs on your topic.

There are other ways to work online from home, but these are the ones I have the most experience with. eBay has the lowest learning curve and offers the opportunity to earn money quickly. Blogging and selling on Etsy or Artfire can offer good income but can take months to see a steady income.

Finance Guide Internet Money Online

Writing Backwards To Generate Writing Ideas And Making More Money Online

No, I am not talking about the mirror writing that da Vinci did.

Writing backwards is one approach to building your own tome of content. If you were to write a book, you would have to start by writing individual chapters. Then you can take the chapters and make a book.

The same approach can be applied to web writing, and building a profitable body of work.

How?

  • Start with the Big Idea

if you were writing a book, you would start with an idea or a maybe even a title. Take the same approach to writing web content. For example, I wanted to write an article about all the local places that tourists could visit while they attend the Brimfield Flea Market,, which is one of the biggest in the country.

I could sit down and write a two to three page article about all of the top places. that would give me one article. That means one initial payment. and pageviews for that one article.

  • Take a Mental Step Back

When I step back, I can see what the piece should look like. It would have a section on all the places a tourist may want to go when visiting the flea market. They may also be interested in other local antique shops, costume jewelry stores, gift shops, places to eat breakfast, where to find a cheap lunch, where to go at night, what to do with kids, and where to sleep.

  • Each Idea is a Chapter

Each one of those ideas is a chapter, using the book metaphor. One chapter will be about antique stores. One chapter will be about the top places to eat breakfast in a specific town.

  • Each venue is a Page

Now, if I have restaurant reviews I would compile those into one article. Since I don’t I will instead write an article about the top breakfast restaurants in Sturbridge. I can also write about the best places to find fresh foods and sandwiches.

I will work backwards from what I see as the final article and break it down into smaller articles, which become individual articles.

The final product which has a time frame of one month from now will be an article on all the places to visit in the area or how to find other activities while visiting the area. Within that article will be the chapters – articles about specific types of venues. Evergreen Wealth Formula review will deliver fashion leads to the person available at online websites. Different websites can be visited to get effective results for fashion industries. The earning of income is easy and increased at online website with fashion courses. The activities are performed according to online courses to person.

Those can be broken down even further to specific venue reviews. I find it best to write about two to three venues in any one article unless it is a detailed review.

Now I have written any number of articles that will each receive an initial payment and their own pageviews. Once they are published and some time has lapsed, I will compile them into one article.

For example, I am writing about jewelry stores, gift shops, and antique stores, all which will be of interest to anyone attending the flea market. I will time the compilation article to coincide with the event, or when people will be planning attending the event.

By working “backwards” in this way, with some foresight into a final product, I can build a library of articles that each has its own payday and pageviews, rather than just writing one local guide.

Education Finance Guide Loan Money Student

Student Loans And Nonprofit Work: Worth It Or Not?

Like most American students, my entire life I was told I could “be anything I wanted to be.” Teachers, parents, mentors, counselors, and coaches each help to impart this message to hopeful youth. With no ceiling to hold me back, I dreamed of a multitude of careers that would give me purpose and freedom and, most of all, money. I felt I was only limited by my own faults, and I fervently believed that if I could be persistent, diligent, passionate, and determined enough, that I would accomplish any goal I set for myself. For a young girl in alternative school with no parents, no income, and no guidance, this “be all you can be” mantra was the only thing I knew about planning my future.

I was raised in the North Georgia mountains near Chattanooga, Tennessee. My father was in prison most of my life for crimes against children, and my mother left me in the care of my aging grandmother when I was a teen and moved away a week later with no forwarding address. Although no one in my family had ever gone to college (or graduated high school with the exception of my father who completed a special education certificate), achieving a higher education was emphasized by my caregivers throughout my youth. By the time I graduated high school, I felt that I was adequately prepared for college. After all, I managed to overcome being kicked out of several schools, including alternative school, and graduated 14th in my class, with honors, despite my scandalous beginnings.

Like many young Americans, getting to college simply meant filling out papers, waiting, accepting, and making the grades when you get there. Money didn’t really factor into that equation. I received the Hope Grant, and as a ward of the court, I received a full Pell Grant. I did work study, and worked third shift through college. I was a model student, taking an overload of honors classes and making mostly A’s throughout college. Each fall and spring when I had to “pay for tuition,” I was told that my financial aid was approved, I would receive any additional financial aid amount on a student debit card, and everything was taken care of. Or so I thought.

I graduated in 2006 with a Bachelor’s degree in English. I chose English because I thought writing came naturally to me and I believed I would enjoy teaching. My first month out of school, I received a letter from my financial aid company. I had taken out a total of $36,000 to pay for my living expenses and my senior year of college HOPE had run out because I had taken a year of classes at a technical college before I transferred to the University of West Georgia. My first bill was over $900.

As a new graduate with a low-income job (I was working at a treatment facility for children suffering from mental illness as a result of severe abuse), I was floored to receive a bill that would be nearly my entire monthly income. I called my loan company, renegotiated my payment plan, and settled on paying $180 monthly for the next two years before my payments increased. This was more manageable, but it made my original $36,000 loan amount increase to $66,000 that I would eventually pay back. For two years I made my payments until I finally decided that my education was not enough. I needed to receive higher education to do what I knew I was meant for: advocating for America’s most neglected and unnoticed youth. I applied to the University of Georgia’s School of Social Work for their Master’s in Social Work and Nonprofit Management program.

My loans were placed on forbearance automatically since I was a student. With no outside support or income, I took out loans to pay for my education. I knew that under Bush’s new policies, social workers would be forgiven for their loans after 10 years of payments. I knew I could manage, immersed myself in my education, and graduated in 2011 full of hope and promise and that “be all you can be” American mentality. I received my master’s degree in Social Work with a certificate in Nonprofit Management. I tried diligently to find a job with no success. Finally, I accepted a position as an Americorps VISTA member, a volunteer who works full-time to combat poverty in low-income American communities. I’ve been a VISTA for almost two years, and I am assigned to the Boys  amp; Girls Club of the CSRA. I love helping students. But when I complete my term as a VISTA, I am terrified of my loans. In total, I have taken out $78,000 in federal student loans, an amount that will more than double due to interest. My salary will always be between $20-40K, and I know that I will be in perpetual debt.

So how do I deal with it? Well, to be honest, I do what I’ve always done. Work hard, pay my debts, and help guide young people to make better decisions. Despite my loans, I have near perfect credit. I teach a financial literacy course to teens that helps explain the college finance system, as well as how to earn and save money, invest for education payments in the future, and manage your personal finance and debt. I never had anyone to teach me to make better decisions, but I will make sure that the students I teach never walk into the dark when they pursue their dreams. When I teach my students that they can “be anything they want to be,” I also teach them that that means they can be anything they can afford. Then I teach them how to afford it. My education has paid off in intrinsic rewards, and if success is valued by how meaningful and happy my job makes me feel then my education was worth every penny. But financially, I won’t actually know if it was “worth it” until time to retire. By then, I hope my loans will be paid.

Overall, when seeking loan from an agency, always make sure to choose a company that provides quality and reliable loan programs. Agencies like Mountain Summit Financial and Majestic Lake Financial provides you the best loan program that you need so you can pursue your studies.

Business Credit Finance Guide Money Services

Credit Repair Services: What To Look Out Fo

A lot of these credit repair services or credit fix services do nothing more than take your hard-earned money and then proceed to do what you can do yourself. That’s if you’re lucky. Some will take your money and do nothing at all.

The best way to repair your credit is to see where you are first in terms of your credit and thereafter checking out Blue Water Credit for more help. Order a copy of your credit report from the three credit bureau agencies. This gives you a chance to see what debts you have and which are not paid on time.

Bad credit can stay on your credit file for as long as seven years depending on the severity. If you have a charged-off an account which means you did not pay on this account for as long as 4 to 6 months, this will remain on your file for seven years. How do you know if it is charged off? In some cases, it will say it right on your credit report, (Charged off). Another way to tell is with the credit rating.

If you have an I-9 that means the account has been charged off. So the “I” means this was an installment loan such as an automobile loan, or a loan for furniture or appliances. Installment loans mean you have monthly payments (equal monthly payments with the exception of the first or last – sometimes), and you have an assigned date when this loan will be paid. Maybe you took out a car loan for 60 months or five years. You know in five years, assuming you make all payments on time your loan will be paid off. So you know what the date is.

When you have an R-9 that means the account has been charged off as well. The “R” means this is a revolving account such as a credit card, or a gas card, or a department store account, such as Macy’s, or Target, or Wal-mart. When you make purchases on revolving accounts you don’t know what they payoff date is going to be, unless of course, you pay your balances in full every month. However, if you have a balance of $3,500 with an interest rate of 18% and you pay the minimum payment every month you really don’t know when this account will be paid off. Of course, there are computer programs that will compute this for you. However, the point is these are revolving accounts. Your balance revolves from month to month.

The best way to clean up your credit is to start making payments on your debts. Anything you have not paid on for a period of seven years should fall off your credit report, with the exception of taxes owed, child support, student loans, and government-related loans, or tax lien judgments. These will always stay on your credit. If you did not pay on a credit card for seven years this will indeed fall from your credit report after that time has elapsed.

If you have something on your credit report which is not yours and you have no knowledge about it whatsoever, then you need to send in a letter to the credit report agency to dispute it.

Business Guide Internet Marketing Money Online Surveys

The Truth About Paid Online Surveys

Over the past several months I have been testing out ways to make money from home through Evergreen Wealth Formula review. I am a stay at home mother who needs to earn extra money for my household. So here is what I have discovered about paid online surveys.

Every paid online survey site that I have encountered claims to pay well for their surveys. Usually, they claim to pay between $5 and $75, but I have yet to see one like that. I thought I would try out several sites just to see what happens. If I made a bunch of money, that would be a bonus. I have to tell you some of the things that I discovered were disappointing.

The first thing I discovered about paid online surveys is that I rarely qualified for them. I would spend at least 5 minutes answering questions, and then all of a sudden, I get a little message saying “I’m sorry you do not qualify for this survey.” This did not just happen a few times! This happened every time I sat down to complete surveys. I had to go through this at least 5 times before there was actually 1 survey that I qualified for. So what did I get from that 1 survey? After 25 minutes of being unqualified for surveys, and then 15 minutes of actually completing a survey, I received $1 into my account. That was really worth it!

The next thing I will tell you about is that every one of the survey sites that I tried, give you a bonus to sign up, but will not allow you to cash out until you get your account up to $25 to $50, depending on which site you are on. So you think you are getting this $10 bonus, but in most cases, you will get sick of wasting your time, and you will never have enough money in your account to cash out.

Another thing that I did not like about these paid survey sites is that a few of the ones I registered for, were all ads. When I say these “paid survey sites” were all ads, I mean that they just had these long lists of offers they wanted you to sign up for, and if you complete one of these offers and two offers from the next page, you’ll qualify for a new Sony PS3! Once you get to this step, there are several thousand more offers for you to complete.

There are many survey sites that you have to pay to become a member. These paid membership survey sites claim to pay you big bucks to complete their surveys. If this were really true, people all over the world would be quitting their jobs and just completing surveys in their pajamas, at home. I have to admit, I did not pay any site to become a member.

After waiting all that time just to actually get to complete 1 survey, for $1, they will not let you do another one until the next day. This really made me mad after I sat and thought about how much of my time I had wasted for their benefit. People will always be there to help them out because there will always be people that are looking for ways to make extra money.

There is one, and only one good thing about these paid online survey sites, and this is their affiliate program. Using their affiliate programs, when you refer other dummies to their site, you get a commission off of everything they make. Most of these paid survey sites even have this one covered though, paying you only after your referee makes $15.

In closing, there are many ways to make money online, and unless you want to spend your day trying to complete 1 survey, I would strongly advise you to find another way to make your money. A couple of legitimate ways you can make money is to write articles or sell photos online. Take my advice, I think you’ll be glad you did.

Blogging Internet Money

Starting a Blog that Makes a Profit

One of the most proficient ways of establishing an online presence immediately is by starting a blog. The blog is the perfect medium for which search engines love and your target audience can interact. A blog is a very successful way in establishing credibility in any chosen industry.

A blog has numerous advantages over traditional sites because you are able to update the home page with new and fresh content. This creates a unique ability for your readers to have a reason to return to your blog to check for more current information or entertainment. By having the ability to place your new content on the homepage, it creates easier accessibility for your audience.

Blogs also have a unique ability in obtaining links to your site. Building links is extremely challenging to traditional sites, but when you’re able to get returning visitors, some of these visitors may link to numerous blog posts that you’ve written and each time one of your readers ‘ links to one of your post it gives you more favorable rankings with search engines.

Blogs and search engines have a perfect harmony. You want search engines to be favorable to your site for obvious reasons and by having a blog you are able to generate search engine traffic that’s extremely hard to generate with traditional websites. Some of the following ways blogs are able to obtain traffic from search engines are the following:

Every Time You Publish New Information Blogs Notify the Search Engines. When you add new content to your blog, your blog automatically sends notification to the search engines via a message known as a “ping.” This ability to immediately get notification to the major search engines concerning your new content gives you several benefits such as creating direct links to your site which gives you ranking benefits in the major search engines.

Blogs Attract Links. The most important thing your site can do is obtain as many links that are of quality as possible. Major search engines use links to determine which sites are the best and are more favorable to sites that have more links than the ones that don’t. By having the ability to attain links, you will have the advantage over your competition.

Common Features on Blogs Have Tremendous Benefits. As mentioned earlier, frequent updates are favored by major search engines. People love making comments on blogs, so many of your frequent updates will be done automatically for you. Every time one of your visitors leaves a comment on your blog, the major search engines will view it as your page being updated.

Blogs Create a Tremendous Architectural Structure. Making your website search engine friendly is one of the most challenging things of website design. Blogs do the work for you don’t have to worry about how to structure content the way search engines desire. The structure of the blogs can be checked after clicking here at the official website. The rankings of the blogs will be represented at the search engines to provide the correct articles. 

So when starting your online business and deciding upon your website you want to strongly consider setting up a blog. A blog gives you the ability to bring people back to website again and again which is extremely important if your aim is to make a large amount of money from your site. Blogs allow you the ability to interact with your target audience which is extremely important for your visitors because they’re allowed to leave comments and ask you questions. By having this ability of repeat visitors this equates to more hits as well as more sales.

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