Category: Financial Planners

By Peter Kenny

If you have had bad credit in the past, it might seem hard to get a credit card that isnt more expensive than its worth. If you have had bad credit in the past or not, it is important that you avoid sub-prime borrower cards. These cards are very expensive, and if this is your only option you should not get a credit card. If you want some advice on how to avoid sub-prime borrower cards then this guide can help you.

What is sub-prime lending?

Sub-prime lender is not a new type of lending, but it is growing in popularity. This type of lending is offered to people who have poor credit or who dont meet the requirements of other lenders. Although this might seem like a good thing, often the drawbacks and costs of such lending far outweigh the benefits.

What are the costs?

Although it might seem strange that a lender would want to take a risk giving a credit card to someone is a risk in terms of being able to pay the money back, they can actually make a lot of money from it. By offering poor credit consumers credit cards that they could not get anywhere else, but with massively high interest payments and fees, they can make money even if some people are unable to pay. You might get a 500 credit limit, but 200 of that could be fees and the interest could be 30% or more.

Who gets targeted?

Mostly people with poor credit ratings get targeted for such cards, although other groups of people can end up being offered these cards, such as the self-employed. If you are offered one of these cards you should definitely decline. Even if your credit is bad you should not have to pay such an amount for a card. If there are no other options open to you, then it is likely that having a credit card would be a bad idea for you anyway.

Alternatives

If you do want a card but have poor credit, then there are options open to you. If you shop around online you should be able to find a good deal that has reasonable rates and good levels of service. If you are unable to get a regular credit card but you need something to repair your credit history, then look at getting a secured card. These cards require you to secure the credit by putting up something as collateral. Although these cards dont offer you much in the way of spending power, they are a lot cheaper than sub-prime borrower cards.

Seek advice

If you are having problems finding a credit card that does not have extremely high fees and want some help, then consult an independent financial advisor for some advice. They will be able to tell you honestly what your options are, and which products to avoid. If you look around and avoid the extortionate sub-prime lenders, then you will end up with a much better credit card deal.

About the Author: Peter Kenny is a writer for The Thrifty Scot, please visit us at

Personal Loans

and

Loans

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By Steve Bush

A brief series of pertinent small business financing questions and answers are provided below as a tool to illustrate why working capital loans and commercial mortgages have become so difficult to obtain. This is designed to serve as a good starting point for any small business borrower about to embark on efforts to secure commercial financing.

After they were given taxpayer funding by the financial bailout in 2008, are banks required to provide small business lending?

No, although it is a mystery to almost everyone (except for the bankers themselves) that there were not such conditions placed upon the banks when they were saved from financial collapse by taxpayer funds. Because the assets are considered to be what is known as fungible, the recipients can effectively do what they want with the money. This seems like a term invented just for such an occasion. As used for banking purposes it is not possible to say what happened to the money given to the banks because the monetary assets are interchangeable with other funds. Most banks saved from financial collapse now appear to be investing a significant portion in what most observers consider to be risky areas similar to what got them into trouble at the beginning of this crisis, and in any case there were no restrictive conditions which would require banks to provide any particular amount of commercial loans.

Are there really any good banks still standing? After the financial bailout, are banks still failing?

Yes seems to be an appropriate answer to both questions. Telling the difference between good and bad banks is unfortunately not an easy task for innocent bystanders. It should be apparent that there is still a lending crisis that was not resolved by the bailout because (among other objective indicators) there continue to be ongoing weekly reports from the Federal Deposit Insurance Corporation about bank failures. The rest of us can still draw our own conclusions even though bankers and politicians do not want to talk openly about this situation.

Do phantom business loans refer to commercial financing that lenders say is available but in fact is not?

Yes, and the term is influenced by technology firms when they talked about products often called phantom software when they were trying to discourage customers from purchasing a competitive product even though the company that made the announcement did not have such an item actually available. Because there were so many documented instances in which the phantom software never materialized beyond a press release, the practice was usually viewed as controversial. The world of small business lending has now apparently adopted this questionable public relations ploy.

While the preceding discussion was not intended to be a complete examination of small business loans, it was designed to reveal potential lending difficulties to small business owners before it is too late to take appropriate action. The brief business financing quiz shown above also illustrates several key issues to help explain the recent lack of adequate commercial real estate loans and working capital funding by banks to small businesses.

About the Author: Stephen Bush has provided business financing expert advice to commercial borrowers for over 30 years and delivers small business finance services throughout the United States. Please visit the Commercial Mortgage Loans website for AEX Commercial Financing Group at aexcfgllc.com

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By Warren Miller

Mobile marketing is marketing directly to consumers through SMS messaging, leveraging the growing number of mobile phone owners and users. Mobile (or text) marketing is predicted to be the next major global technology phenomenon, and to a certain extent it is already used across Europe and Asia by businesses of all sizes to deliver targeted marketing messages on a wholesale scale.

Mobile marketing business consultants and service providers already have access to the frameworks for dealing with SMS text marketing, yet still the US market remains behind much of the rest of the world in mobile SMS marketing.

The US is surprisingly far behind when it comes to utilizing available mobile technologies. While the Internet is very much the domain of US business, in mobile communications the US seems to lag some way behind the rest of the world. There are 36 countries in the world that have over 100% per-capita usage of mobile phones, including many otherwise poor and indebted nations. The US, for whatever reason, isn’t one of these countries.

Forecasts predict that the US will reach the 100% mark by 2013, putting it behind many other countries already far beyond that level of market penetration. When we examine the statistics, the US is currently sitting at 86% per-capita usage, compared to Taiwan’s 106%, the UK’s 120%, Italy’s 140% and 150% in Hong Kong and Estonia (this means that there are more mobile phones than people). This also means there is still some way to go before the US is ‘in’ as deep as many of its European and Asian counterparts. However, this may mean that mobile marketing in the US has an even longer lifespan at maximum responsiveness, while the penetration of the technologies reaches the levels of other nations.

There are still gaps to be exploited in mobile technologies in the US. This doesn’t mean that the effectiveness of SMS marketing is reduced, rather it may give it a level of exclusivity that makes it even MORE effective. As noted earlier, signs are showing that the gap in overall mobile phone penetration between the US and Asia is closing. For advertisers, this means the mobile marketing business is still in it’s infancy, but looks like it is here to stay. For those looking to jump on board, the rewards for being an early adopter may prove even more valuable.

With mobile marketing, business owners across the world are realizing the benefits of this kind of promotion on their bottom line. The mobile marketing business looks set to continue to grow at a rapid rate over the next few years. Consumers in the US are yet to be fully exposed to marketing through SMS, and as such are still very responsive to message passed through this medium.

Indeed, when compared to broadcast and print marketing, the results are staggering. As such, it’s only a matter of time before the mobile marketing business in the US catches up with the more established mobile marketing business sectors in Europe and Asia, which will provide advertisers with a whole world of new marketing possibilities.

About the Author: Warren Miller is the lead marketing consultant for

Lazer Promotions

– a ‘new media’ marketing agency that delivers customized solutions through new technologies. They just launched the

Lazer Alliance

membership club to help businesses to get ahead online, featuring marketing tools, one-on-one consulting and more. Their

blog

is updated daily with essential business advice.

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Loans for Poor Credit Rebound You as Per Your Personal Financial Need

by

Douglas Hoggard

Waiting for grabbing desirable financial support has been over. In today s time, you do not need to get helpless because of your poor credit scores whilst you are gong to apply for the loan. Right now you are introduced to loans for poor credit. These are the customized financial services for people stained with bad credit history for the duration of abatement of funds. These loans help everyone to access funds as per the financial need without any fear of credit checking. This is because people have miscellaneous credit problems can also benefits from these loans. Calm down, whilst you have various credit factors. Like,

Country Court Judgments,

Foreclosure,

Late payments,

Missed payments,

Individual Voluntary Agreements,

Defaults,

Arrears and many more

Now, it is clear that everybody can fetch financial without any fear of credit checking if they submit their loan application form to loans for bad credit online. In application form, one has to fill out required details and then forward it to the lender for confirming. After finalizing submitted application, the finance takes hardly 24 hours to be sent to borrower s account. As a result, it is probable that one can take all vital personal needs on time. The borrowed money can be used for consolidating debts, improving home, funding for education, going on exotic holiday, purchasing used or new vehicle and the list goes on.

Loans for bad credit are fall in two categories of loans for instance secured and unsecured. For those people who have own home need to go for the secured

loans for poor credit

. For having secured loan, homeowners have to pledge their collateral in lieu of the loan. And afterward, they can access the finance ranging from 5,000 to 75,000 for elongated period of 5 to 25 years. Good feature is that they have to pay low rate of interest.

In contrary, you can access unsecured loans for poor credit without having any tension for pledging. Actually, these loans are free from all types of collateral security. That s all you firstly have to meet with certain conditions set as you need to be a permanent UK resident above eighteen years old and you have a steady fulltime job and you have a valid active checking. After that, you can access cash support ranging from 1,000 to 25,000 for the repayment period of 1 to 10 years. Remember about the feature interest rate that is higher than secured loans.

Douglas Haggard, an expert in finances, has written several articles and blogs related to loans for poor credit as well as finances. He has been working on the topics

payday loans for bad credit

, bad credit loans, etc.

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Debt Strategies to Improve Your Credit Scores

by

John RasorPaying down your debt is a great way to stay on track financially and boost your credit scores. Which accounts should you pay down first? Where do you put your extra money each month to make the most difference? Here are a few ideas that we think make the most sense financially.rnrnPriority #1: Pay down the highest interest rate accounts first.rnrnDoesn\’t matter what the amount is. I\’m sure you would rather be paying down a debt than applying money to interest each month. Start with the accounts that have the highest interest rates and tackle them first. Then move on to the next one.rnrnKeep in mind the 50% rule. Keep revolving account balances at no more than 50% of the total credit limit. In this economy that\’s easier said that done but doing so will produce a better credit score. Regardless, pay off the highest interest rates first. Then tackle the rest of your debt accordingly.rnrnPriority #2: Don\’t add any more debt.rnrnProbably the most important part of the plan to raise your credit scores. Old habits die hard, emergencies pop up that swallow money that otherwise would go towards reducing your debt. Credit cards that should be used sparingly can quickly add up. If you can\’t afford it, don\’t buy it.rnrnPriority #3 Negotiate better terms with your credit cardsrnrnYou\’ll never know unless you ask. Often times credit card companies will reduce your interest rates if you ask. I recently received some convenience checks in the mail from one of my credit cards companies offering a lifetime rate of 3.99%. I quickly called and asked if I could simply have my current balance lowered and they obliged. Wow. All I did was pick up the phone.rnrnPriority #4 Pay extra on secured debtsrnrnSecured debts are things like your home, car, boat or other assets that secure your loan. Credit cards are not secured and therefore not tied to any particular asset. Secured debts are usually for large amounts and as a result take longer to pay for. The interest charges on a $100,000 mortgage over 30 years at 6.75% is 133,493.82. Making extra payments on a secured debt such as your mortgage has the potential to really work in your favor. You\’ll pay your loan off sooner and free up extra money for the finer things in life.rnrnAll of this is easier said than done. Watch and track all of your cash expenditures. Be mindful of how much you are spending on things like groceries and dining out. You\’ll be amazed to see just how much you can save.rncreditscorecowboy.com

is your resource for free credit reports, credit scores, credit cards, identity theft protection and free credit report repair advice.n

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