How to Obtain a Home Entertainment System on a Budget

Spending your hard earned cash on a surround sound music system or the latest in big screen entertainment might not be the sensible thing to do considering how many of us worry about the economy.  However it can be done if approached in a sensible way. To find out more, keep reading for some tips on how to make your dream entertainment system a reality.

If You Have Self Control, Use a Piggy Bank

Probably the first thing you might think of is to keep a tin, special box or safe where you can save some money each time you have a bit spare. However, this might not be ideal if you don’t have any self restraint, as it will take willpower not to dip into to it when something else catches your eye or your partner decides to treat you to a special night out because you’ve done so well to save). If you have self control and determination then this might be an option, but if not read on.

Spread It Out

Buying a home entertainment system needn’t be done all at once. It can be more sensible to purchase it a bit at a time and build it up when you have the cash. You’ve just got to decide which elements you want first. This can be advantageous when the sales are on at a website such as satellitetvcable.com and you can get a bargain at a reduced price. You can buy a great TV and cable package, and look for surround sound speakers later on.

Take Out a Loan

When done sensibly taking out a loan can be a good option. It will also enable you to buy everything at once instead of saving up. However, before taking out a loan you need to take a look at your budget and determine whether you can easily cover the monthly loan repayments.  If you can’t, it’s best to avoid taking out finance, as it will only need to problems. There are plenty of websites offering independent advice if you’re not sure about whether a loan is a good idea and need to do a bit of research beforehand.

Buy Used

Remember, you don’t have to get the latest equipment to build your home entertainment system.  Instead, you can go down the used route and buy from an internet auction site or your local Craigslist for example. There are bargains to be had when people upgrade their system, which means there are excellent quality items going for a lot less than new. The only caveat is there will be no warranty so it’s a good idea to personally check out the items before you buy.  You may also want to buy from a seller who has some form of returns policy.

There are many options available, these are just a few to think about. In the end it boils down to researching what products you want, knowing your budget and which you personally prefer.

Viable Personal Loan Options For People In Financial Trouble

If you find yourself in a sticky financial situation, you might have to look at the possibility of getting a personal loan. At the current time, there are lots of different options available that might be suitable. You just have to research them all in order to work out which is going to offer you the best deal. Presuming you have a decent credit score, you shouldn’t have too much trouble getting the capital you require. Some of you might only need a few hundred pounds, but others might have to seek more. Depending on how much cash you want, you should select the best option accordingly. We’ll do our best to give you the lowdown today and explain all the top loan solutions in layman’s terms.

Getting your personal finances in order is important if you want to limit the amount of borrowing you undertake. If you are struggling at the end of every month, it could be time to look at your situation and find ways of cutting back. Short term loans are never going to be a long term solution. If you have to borrow money for your bills every month, more drastic measures must be taken. Perhaps you could downsize your home? Or maybe you could get rid of that petrol-guzzling sports car?

Payday Loans

When it comes to getting loans fast, you simply cannot overlook the payday lenders. Some people even think that payday loans are the best financial aid available. Short term loans of that nature could help you to make ends meet at the end of the month. Contrary to popular belief, interest rates are more than fair so long as you meet your repayment obligations. While the companies that provide that form of lending have received a lot of bad press over the last few years, most of them practice in a professional manner. So long as you keep your word and never borrow money you can’t afford to pay back, using a payday lender could be the perfect solution to your financial issues.

Logbook loans

If you own a car, there is a new type of loan you might like to consider. Logbook lenders work by providing funds based on the value of your vehicle. Thankfully, you don’t have to hand over your car in order to receive the money. So long as you can prove ownership, the lender will offer you an amount of money to be paid back at a predetermined time. If you fail to make those payments, you risk losing your vehicle. However, that is all you will lose, and so it’s a pretty low-risk form of lending. No logbook loan provider will ever try to take your home to recover the debt. Just search online and make sure you read all the small print if you want to make sure you get the best deal. Many payday lenders are moving into this market. So, you could use the same companies.

Traditional bank loans

Since the global financial crisis hit, most high street banking groups have been hesitant when it comes to releasing funds to low paid clients. However, that is slowly changing, and so it is worth making an application. You will get better results if you arrange an appointment at your local bank and speak to someone instead of applying online. Even if they don’t offer you the full amount, they might have an alternative solution that will see you though. Perhaps a simple increase in your overdraft would be enough? Just speak to a representative, explain your situation and see what they come up with. If you have a mortgage with the bank in question, they should be more willing to offer you a loan.

Credit cards

While using a credit card to cover your expenses is not technically taking out a loan, it could be a good solution if you have a suitable credit rating. So long as you can afford to pay the money off in one installment, you shouldn’t pay a penny in interest. That means you can get the cash you require without having to apply for a loan. Of course, people slip up when they fail to clear the total balance. Credit card providers charge varying rates of interest on borrowing for people in different circumstances. You might get lucky and obtain a card with an incredibly low rate. However, most people end up paying somewhere between 10% and 30%.

Doorstep loans

Doorstep lenders are not quite as popular as they once were. That is because it is much easier to arrange lending online these days. However, there are a number of companies you could use if you get stuck. Doorstep lenders will come to your home and give you any money you borrow in cash. They will then return weekly to collect the agreed payments. Just be aware that some doorstep lenders are still charging phenomenal rates of interest. So, you should only use them as a last resort. Again, don’t make the mistake of borrowing money you can’t afford to pay back. There is no hiding from doorstep lenders. They know where you live, and so they won’t bother sending reminder letters. They will simply turn up at your door.

Having learned a little more about the best types of lending available to people who are struggling, we hope you will find a way of reducing your stress levels soon. Just remember that borrowing money to pay your bills is not a long term solution. If you can’t afford to make your monthly payments, you should look at ways in which you can reduce your spending. Either that or you will need to look for a job that offers better wages. Also, you should never borrow more money to pay lenders back. That is the start of a slippery slope that could result in you becoming entangled in a web of missed payments and final demand letters.

We all know how stressful it can be when you don’t have enough money to keep everyone happy, but at least you now understand the options in front of you.

Personal Loan Options

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Get Rich Quick Become a Financial Advisor

Personal Finance TipsAre you looking for a new career that will earn you major cash? Why not become a financial consultant? Finances are at the forefront of everyone’s mind, especially since the recession. Americans are forming a much closer relationship with their money and want to have competent leadership guiding their decisions. But in order to be a successful financial advisor, you don’t have to have a degree in financial management. According to a recent study, 88% of financial planners and advisors worked in a different profession first. This means that any persistent, money minded individual is able to succeed in this profitable market.

Many eligible financial consulting candidates receive professional development training from large firms like Wells Fargo Advisors and Merrill Lynch Global Wealth Management, without requiring tough advisory certifications. They prefer to put trainees through financial advising programs that help them achieve the necessary regulatory licenses to perform financial advisory duties. And most trainees are compensated well for their time, earning between $3,000 and $8,000 a month. Others forgo large firm training and find less formal avenues of training while working their full time jobs.

Although financial advisors should seek great financial training, they must also develop the personal skills that individuals have come to expect from their money managers. To be successful in today’s market, financial advisors must develop a deeper understanding of wealth management tools, the market, and be able to predict where the market will go.

Successful and comprehensive financial coaching will utilize these elements:

Coaching as a Process: Financial coaching is a slow paced, marathon.

Coaches must be committed for several months or even years to help clients fulfill short and long term financial goals.

Educational: Great financial coaching is based on education. Clients and financial advisors must work together to learn how their money can work for them. Smart financial coaches must learn how to select the right clients in order to establish a reputation.

Wealth Growth: The goal, and true indicator, of successful financial coaching is growth in client wealth. Without measurable growth, clients and financial advisors will be unable to learn which methods work best for the financial team.

The demand for financial coaching is on the rise. Individuals with a money, management, or financial background, should strongly consider building a financial advising business, and starting a financial consulting merchant account with eMerchantBroker.com. Our professional managers will process your client transactions and help expand your business.

Small Business Debt Consolidation Planning

Any business can end up in debt, just as a person can. Obviously, we do not want to see that happen. The problem is that this is rarely something that we can control. There are many moments in the life of a company when the unexpected happens. That is especially the case in the event that we are talking about a small business since backup plans are rarely possible.

The good news is that there are always debt consolidation plans that you have access to. This is actually one thing that not many small business owners know. Using one can easily help you to put your hands on a loan that has just one purpose: debt consolidation. Alternatively, you can also talk with consultants (consider Today’s Growth Consultant click here) or get a regular small business loan.

In order to start your way towards proper debt consolidation, you will need to gather all your bill, loan and credit statements. This is necessary in order to properly understand the amount of debt that you are currently faced with. All the debt statements have to be considered.

The next step is categorizing the debt. When you review the statements, think if your debt has to be paid really fast or it can be postponed. Consolidating only some of the debts that you have at the moment is possible while avoiding the consolidating of others. As time passes, you can consolidate all the loan that the company has.

Now you need to start comparing interest rates, terms and conditions and fees that are associated with your debt consolidation options. This helps you to decide what option is available for you and what is really beneficial based on the situation you are in at the moment.

Getting the debt consolidation loan is tricky since many things will go through your mind. However, keeping cool is not that difficult. These are loans that are basically created especially for the situation you are in. Because of this, the interest rates are lower when compared with most other loans. When referring to terms, everything is basically associated with repayment dates associated with the debt that you have.

Alternatively, as already mentioned, you can go for the small business loan that is offered by a commercial or a private lender. Just as with a small business loan or a debt consolidation loan, you have to consider fees and interest rates, together with terms and conditions.

If you do not know that much about how to locate a really good loan for your business, it is really important that you talk with a debt counselor. This is something that can help you out a lot in identifying those options that are really good for you. There are actually many companies out there that are specialized in helping those that are in the situation you are in at the moment. Do not hesitate to talk with such a professional since his knowledge is so much higher than what you have at the moment. It is an advantage to always consider.

What are the Contract Terms and Early Cancellation Penalties Business Owners Need to be Aware Of?

Know What You’re Signing Up For

If you accept credit card payments, you need to work with a merchant services company. Be certain you fully research every company you are considering working with, or you may find yourself trapped in a contract that doesn’t work in your favor.

Read the Contracts Carefully

Philip Parker of cardpaymentoptions.com, in an interview with BusinessNewsDaily, recommends that small business owners avoid provisions in contracts to “pay ‘damages,’ ‘liquidated damages,’ or any language that obligates you to pay a fee or another undefined amount for canceling service prior to the contract’s expiration.”

Also, check to see if the contract includes an auto-renewal. If it does and you need or want to cancel your small business merchant accounts, you may find yourself being charged a cancellation fee even after your contract term is up because it automatically rolled over into a new contract.

Cancellation Penalties

One particular point of the contract you should pay attention to is what you’ll be charged should you decide to cancel your service. An early termination fee can be a hefty fee, depending on the type of fee the provider levies. Attorney Paul A. Rianda says that a provider may choose one of three types of early termination fees.

  • Your contract may specify you need to pay a flat fee, which may be up to $500.
  • A hybrid fee is “calculated by multiplying a fixed amount by the balance of the term left in the Merchant Agreement.”
  • The last type of fee is calculated depending on what the provider loses by your company canceling the contract.

“Inadequate disclosure of fees is a common problem,” Rianda says. Providers may not disclose that there is a cancellation fee at all, and, if they do, it is not easy to find in the contract. This means that, in addition to thoroughly reading the contract, you may also need to talk to a sales or customer service representative to gather specifics on the fees.

There may be a clause in the contract that could be beneficial to you. According to MerchantCouncil.org, “Many merchant service agreements have a clause that voids the termination fee if processing rates are raised within the contract term.” You may have to find this clause yourself. Many sales representatives have not read their company’s contracts completely and are unaware of this type of clause.

Other Fees

No matter which company you are considering, you will be charged an interchange fee. Suneera Madhani defines this fee in a blog post for Forbes magazine as “the direct cost of credit card transactions from the credit card companies,” and it will be the same with every company. The company also charges a mark-up, which may be percentage-based or a subscription. As a subscription rate is a flat fee, it may end up being a cheaper option for your company.

A Contract Isn’t Necessary

You don’t need to sign a contract in order to set up a small business merchant account. Instead, consider one of the several merchant services providers that operate on a month-to-month basis while still offering quality services.

Making Sense of Secured Loans: Your Ultimate Guide

Secured loans can be a minefield of financial jargon. But, it doesn’t have to be that way. Before you take out a secured loan, it’s always best to be in the know. A secured loan, in short, is a loan only available to homeowners. The cost of the loan is secured against your property. This means that you have to pay the loan on time. But, then, you are going to do that because you’re sensible.

Personal loans can be sought from banks, building societies and other independent providers.

A Secured Loan: The Benefits

So, what are the benefits of this kind of loan?

Easy to Obtain

Secured loans are easy to obtain. So, if you have a poor credit rating, you can be rest assured that you can still get credit for those all important purchases. Jubilee bad credit secured loans can provide you with that extra cash that you need in times of financial hardship. It can be an easy way to boost personal cash flow.

Big Borrowing

Big borrowing can be done with ease when you obtain a secured loan. As such, you can ensure that you are covering the cost of your financial needs with relative ease. This is better than getting a smaller loan and finding the rest of the money yourself. So, if you have a cash flow problem when it comes to home repairs, a secured loan could be a positive way of helping with these costs.

Longer Term Periods

Secured loans don’t have to be paid back as quickly as unsecured loans. The term time can be as long as ten years. If you need to manage your monthly repayments in an affordable way, a secured loan can stretch the payments out thus making them more affordable.

Thinking About Secured Loans in More Depth

When you look into the world of secured loans, do make sure that you get a credit reference check with your chosen agency. Your credit rating is important. So, before you go into a loan that secures your property against the amount, do be sure to check your credit file. You may be eligible to more flexible terms if your credit history is more agreeable.

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How Much Should You Borrow

Of course, before you take on any debt, you should always think about how you can pay it back. Make sure that you have enough to pay back the loan. It may be wise to compile an income and expenditure and see what spare cash you have left at the end of the month. If you have a sizeable chunk, this can be a good way of knowing that you have the coffers to pay back your loan. Always only borrow what you can afford to pay back. The cycle of debt can be devastating if you cannot afford it.

Making Sense of Variable Rates

Usually, secured loans have a variable rate. So, the amount of interest that is charged will go in line with inflation and bank rates. This means that you may pay back more or less on your loan. In some instances, you may be able to get a secured loan that is on a fixed rate basis. But, do check the cost of the interest before you apply.

Coastal Equities Finance Tips 101: Using Home Equity to Eradicate Bad Debt

Equity to Release in Your Home
Equity to Release in Your Home

Find out how you can use your home’s equity to get rid of all your bad debt in this edition of Coastal Equities Finance Tips 101.

Tags: Coastal Equities Finance

The average American carries over $20k in bad debt. This can be from credit cards or merchant and store accounts. Basically, unsecured debt is bad debt because there’s nothing to back it up with. If you default on the payments, the debt becomes toxic, rarely ever paid off or fully recouped.

Unsecured debt carries a very high interest rate because of the high risk rate to the lender. Therefore, it usually follows you around for quite some time. If you own your own home and have plenty of equity, there’s a simple and straightforward solution that we’ll explain how to use in this edition of Coastal Equities Finance.

Assess Your Debt

Use a spreadsheet and carefully list out each credit account and the amount owed. Next, tag the interest rate and the minimum monthly payment. Factor what that payment is combined for all of your debts each month. Chances are it’s a sizeable monthly encumbrance. Now move on to step two.

Access Your Equity

Take out a home equity loan that’s locked in at a low interest rate to pay off all your bad debt with. Get rid of all that debt in one foul swoop with a lower interest and longer term, secured loan. Not only will your credit score skyrocket, but you will save thousands per year in interest and fees, too.

That aside, you will have also consolidated your payments into one easier monthly payment as opposed to many of them. When you compare the interest rate on a HELCO (equity) loan to a credit card, there is NO comparison. It’s just smart debt reduction tactics that can help you enjoy a debt-free existence.

Personal Finance Tips For People Who Want To Move In With Their Partner

Anyone who’s thinking about leaving home and moving in with their partner has a lot of hard work ahead of them. Learning to live with someone full time can be very difficult. Firstly, you have to get used to all those habits that you hadn’t noticed in the past. The most complicated part comes when you start to talk about finances. The chances of you both earning the same wage are pretty slim. That means one person will end up paying more towards monthly bills than the other. Considering that, you must read through our tips before calling a removals company. It might be that you need to wait a while until everything is sorted.

Personal Finance Tips

Pool your finances

Before you do anything else, you’ll have to work out how much money will be available when you pool your finances. Ideally, you need enough cash to pay all the bills, but also some extra for saving. In most instances, one partner will end up controlling the money, and so you need to make sure you select the most logically minded person. There is no point in letting your boyfriend handle the financial side of things if he is terrible at looking after his income.

Share any debts

Moving in together means that your income is shared, but so are your debts. At the end of the day, payments have to be made to creditors regardless, and so it affects both of you. That is why you need to be upfront and honest about any debts you may have accumulated over the last few years. That way, you can create a plan to sort them out. If you’re struggling to repay loans, you may need some professional help. Anyone who wants to obtain credit counselling in Vancouver or other locations should start the ball rolling as soon as possible.

Cancel your credit cards

Unless you have no other option, cancelling your credit cards is a wise move when moving in with your partner. While it is nice to have some extra money knocking around for emergencies, it makes more sense to use your savings. Credit cards make it incredibly easy for you to get back into debt without even realizing.

Open high-interest savings accounts

You only have to look online to find the best deals on high-interest savings accounts. Most high street banking groups provide them, and they could help you to increase your funds. While interest rates tend to drop when you withdraw money, you can get fantastic rates if you don’t. There is nothing stopping you both from getting a decent account today, and it will mean they any money you save is secure.

As we said at the beginning of this post, living with someone else can involve a lot of hard work. However, most people would agree that it’s worth all the effort. If you love your partner, you will find a way of making things happen. You just need to keep your ear to the ground and remain innovative in your approach. Creating a spreadsheet that displays details of your monthly finances is always a good idea. Just saying.

Jason Dirks

Top Tips For Getting Out Of Debt In Under Two Years

debts

Would you like to start making positive changes to your finances? Is your bank manager getting irate? Then now could be the perfect time to take steps towards getting out of debt. Contrary to popular belief, there are many different ways you can achieve that goal. You just need to stop panicking and create a plan. Sometimes it’s a good idea to get some advice from the experts, and so you might like to book an appointment to see a consultant in your area. Until that happens, the tips on this page may be of some use. Most of the changes you need to make are very simple. It’s all about learning to budget.

Reduce your monthly financial commitments

While there is little you can do to reduce the price of your rent or mortgage, there are many things you can do to limit other financial commitments. Maybe you’re paying for a top of the range automobile at the moment? You could simply sell it and buy something cheaper. You might also like to do your weekly food shopping at budget stores. Tesco and other major supermarket chains are far more expensive than the likes of Aldi. Just use your head. There is no point in paying $3 for a loaf of bread when you can get basically the same product for as little as $1 in alternative shops.

Move to a smaller property

Downsizing is always a wise move if you’re trying to get out of debt quickly. For those with young families, it might be impossible to relocate to a smaller property. However, most other people can sort something out. Perhaps you should consider buying a home in a less desirable area? That could help to save you thousands.

Consolidate your debt

If you’re struggling to repay loans, it might be time to look for a good debt consolidation service. You just have to search online and read through all the small print when looking for the best firm to help you out. The best thing about consolidating your debt is that original creditors are no longer allowed to make contact. That means those letters with the red writing should stop coming through the post. Winner!

Declare yourself bankrupt

Bankruptcy should always be used as your last resort. However, it is often the best solution if your debt is incredibly large. Whether you’re looking for a New York, Florida or Houston bankruptcy law office, you’ll need to find a suitable service as soon as possible. There are many downsides to declaring yourself bankrupt, the worst of which relates to having your name published in local newspapers. Even so; it could save you a lot of hassle.

As you can see, there are many ways you can get out of debt in less than two years. The decision is down to you. Just don’t make the mistake of ignoring your creditors, or you could end up in court sooner than you imagine. You have to let them know that you’re doing your utmost to ensure their money is paid each month.

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Factoring As An Alternative To A Business Loan

Loan lending business
Loan lending business

There are many interesting opportunities that are available for companies that cannot get a business loan. The truth is that not all business managers need a loan and there are so many interesting options that are available when you need more money. As an example, you can work with a company that is specialized in offering increased monetizing options. You can click the link for more information on Today’s Growth Consultant as an example of such a firm.

What Is Factoring?

Factoring is also known as accounts receivable financing. We can define it as a transaction that sees a business selling receivable accounts like invoices to another firm. The Factor (the third party) normally pays around 80% of receivable value as an up-front fee. For instance, if you sell a $1,000 invoice, you would receive $800. Factors will then collect payments from clients as the invoice is due, deduct fees (around 5%) and then forward the rest to you.

Factoring Advantages

The great thing about this option is that you gain immediate access to money. That happens before invoice date so you receive funds really fast. It is important for business growth because of the fact that cash flow is almost always a necessity.

You do not need to have a perfect credit score in the event that you want to use factoring. The factors are normally interested in how creditworthy the customers are. They do not really care about you as a business owner and how creditworthy you are.

Factoring Disadvantages

It is obvious that factoring is so much easier than the bank loan but it is not an option that is perfect. For starters, you do need to have a good profit margin that is built into what is sold, of around 25% in order to offer factoring approval. At the same time, you do lose a part of the value of the invoice. However, the same thing happens when you get a loan since you have to pay interests.

Who Is Factoring For?

Factoring is something that is really good for a company in the event that a lot of cash is blocked in some accounts receivable. Distributors, resellers, drop shipping companies and wholesalers do fall right inside this category.

As a really good example, factoring is an awesome opportunity for a small clothing manufacturer or any other specialty manufacturer. In the entire import industry the financing option is really popular.

Conclusions

There are so many companies out there that can be used as factoring options. You have to compare a minimum of 3 and then review quotes so that you can choose what is suitable for your business. Research is always the most important thing at the end of the day.