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Capital One Delta SkyMiles® Gold MasterCard®
Capital One Delta SkyMiles® Gold MasterCard® offers a lot of travel benefits as well as special features to the cardholders residing in Canada. A 2,500 worth of welcome bonus rewards miles awaits the card holder upon signing. For every $1 spent on Delta purchases, the card holder will receive twp Delta reward mile. Another Delta mile is rewarded for every $1 on all net purchases. Accumulating sufficient points to redeem travel rewards are easy as long as the card holder will use the card often. Accumulated points can be exchange for gift card and other rewards by just using the credit card.
Credit Card Travel Rewards
There are also other rewards to be redeemed other than travel programs. Delta SkyMiles® Gold MasterCard® entitles the card holder the following benefits:
Gold Travel Benefits
• Baggage Delay
• Travel Accident Insurance
• Car Rental Collision/Loss Damage Waiver
Gold Everyday Benefits
• Price Protection
• Extended Warranty
• Purchase Assurance
MasterCard Benefits
• Zero Liability
Benefits of the Credit Card
The Aspire Gold pointsvery convenient. The card holder can utilize the accumulated points to purchase goods. The credit card has Price Protection that automatically guarantees the card holder of getting the lowest possible price. It also has 60 days money back guarantee if the item has factory defect. The card also has Warranty Extension that lengthens the pre-existing warranty of the item.
Capital One Aspire Gold Mastercard Canada has lots of features that are not offered anywhere else. All the accumulated points and rewards can be claimed without any hassle. All countries experienced economic crisis and the credit card company provides useful products suitable for card holders. Capital One credit card is known all over the country because of its pioneering credit solutions to its card holders.
Other main features include:
• Earn Delta miles on everything you buy with no annual fee!
• Get 2,500 bonus Delta miles on your first purchase made within the first three months of account enrollment
• Earn 2 Delta miles for every $1 you spend on Delta purchases
• Earn 1 Delta mile for every $1 on all other net purchases
• Annual interest rate of 19.8%
• Valuable Gold benefits, including Purchase Assurance and Extended Warranty
• Add an authorized user for $0
• MasterCard PayPass
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Comparecreditcards.ca
Capitalone.ca
Creditcards.redflagdeals.com
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Capital One SmartLine Platinum MasterCard Credit Card
The Capital One Canada Credit Cards list will not be complete if the client has no SmartLine Platinum MasterCard. This is one of the most highly recognized Canadian cards available. It offers low introductory Annual Percentage Rate on regular purchases and balance transfers transactions. The client can use the low APR rate to all purchases along with the balance transfers for the first three years at the time the account was opened.
The credit card holder from other credit card company can transfer all of the balance from high interest rate to lower rate card if the card user is a responsible payer. The balance can be paid completely before the APR returns to its normal rate after 36 months. The card requires client to have excellent credit history. This will give the assurance that the Canadian credit history will continue to be clean.
Benefits of the Credit Card
Capital One Canada Cards SmartLine Platinum MasterCard offers plenty of benefits. The Extended Warranty service will extend the warranty of all qualified products that have procured with the SmartLine credit card offer. There is also Auto Rental Insurance feature that grants additional coverage rent-a-car.
Among the many benefits of SmartLine Platinum MasterCard holder especially when the client is frequently travelling are:
Platinum Travel Benefits
• Baggage Delay
• Travel Accident Insurance
• Car Rental Collision/Loss Damage Waiver
Platinum Everyday Benefits
• Price Protection
• Extended Warranty
• Purchase Assurance
At the same time, using the credit card to purchase hotel accommodation and others. The card company also have Zero fraud liability and Purchase Assurance that protect client's identity and personal belongings. Customer service is accessible 24-hours a day.
The SmartLine Platinum MasterCard issued by Capital One is for individual with excellent credit history. The client can start enjoying the low transaction rates once the client has been approved. The card holder can also start to accumulate reward points. The card also offers a free of charge balance transfer from other credit card company with high interest rate to lower interest rates .
The main features of this card are:
• Enjoy a low, long-term rate of 5.99% on purchases and balance transfers, guaranteed for 3 years (as long as you pay your bills on time)
• After 3 years your rate will stay low and become a variable rate of Prime +6.99% on purchases and balance transfers
• Annual interest rate for cash advances is 19.8%
• No annual fee
• Save money when you transfer high-interest debt with our no-fee balance transfer service • Valuable Platinum benefits, including Purchase Assurance and Extended Warranty
• Add an authorized user for $0
• Add rewards for $99
• MasterCard PayPass
Cash Advance and Rewards
Cash advance is charged with higher but competitive rate. The card can access almost all cash ATMs but make sure there is the MasterCard logo.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Comparecreditcards.ca
Cardoffers.com
Forums.redflagdeals.com
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Capital One Delta SkyMiles® Gold MasterCard®
If you are searching for an ideal credit card and have problems choosing the best card for your needs, there are some things the you should consider. First you have to determine whether you have an excellent credit rating or not. This is one of the requirements of credit card companies for offering their top of the line cards for their finest customers.
Credit Card Annual Percentage Rate
You must check the APR or the annual percentage rate. Some card issuers do not have APR. This is a breakthrough for the cardholder because the card holder will not be obliged to pay annual fee. However, the introductory APR will only be waived for a certain period of time. Once the grace period ends, the client will start to pay the APR.
Clients must search for a credit card offering with fixed annual percentage rate. The Delta SkyMiles® Gold MasterCard charges an interest rate of 19.8% on all purchases and balance transfers with the same rate. All cash advances are also charged 19.8%.
Annual Fee of the Credit Card
The client must be aware of the annual fees. Fees from balance transfer, cash advance, penalty and others are charged to the cardholder. The Delta SkyMiles® Gold MasterCard® has zero annual fee. This is a great featured compared with other credit cards offered in the market.
One of the most exciting things with this credit card are the rewards. Each credit card issuers offer their clients air miles or cash back rewards. The Delta SkyMiles® Gold MasterCard® MasterCard gives two Dela mile as reward for every $1 Delta purchase and another mile on every $1 on all net purchases. The points can also be exchanged for travel, merchandise and gift cards. The client can also opt for 1% cash back as a reward. The more the client uses the card, the more points are rewarded.
Other features of this card are:
• Earn Delta miles on everything you buy with no annual fee!
• Get 2,500 bonus Delta miles on your first purchase made within the first three months of account enrolment
• Earn 2 Delta miles for every $1 you spend on Delta purchases
• Earn 1 Delta mile for every $1 on all other net purchases
• Annual interest rate of 19.8%
• Valuable Gold benefits, including Purchase Assurance and Extended Warranty
• Add an authorized user for $0
• MasterCard PayPass
Significant Factors in Choosing the Best Credit Card
There are several factors to consider when selecting which credit card is best for individual. Before applying for a credit card, client must be keen enough to get an excellent card to use.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcardapplications.ca
Cardoffers.com
Creditcardscanada.org
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Capital One Cash Back Plus Platinum MasterCard Credit Card
There is credit card in which it offers cash rewards. However, the suitable cash back card for you is based on your lifestyle. Cash back credit cards will let you get rewards every time you eat on a particular restaurant or diner. If you are using gas for your car, there is also a card that gives out gas rebates. These rebates can help you lessen your expenses and be added to your savings. You must compare each of the cash back credit card and select which card is most rewarding for you.
The Cash Back Plus Platinum Master Card from Capital One Canada does have an annual percentage rate charges and an annual fee. If you are pleased about the reward card and plans to begin saving some money to spend for a vacation or buying a new laptop, this card is perfect for your desires and wants. You will receive cash back on almost every purchase you are having with your card. The more you use the credit of your card, the more your cash back rewards will grow. There is no yearly capacity that can limit the amount of your earnings.
Cash Back Rewards Percentages
You will begin to accumulate cash back when you have made your first qualified purchase using the card. After which, you will then activate the card and once it is done, you now start to earn cash back. The No Hassle Rewards program grants you 2% cash back on all your purchases. You have flexible choices whether to cash earned. You may choose to redeem cash back for statement credit or a cheque delivered what to redeem with your cash. Additionally, you can start exchanging your cash back once you have earned a rewards balance amounting to $15 or more. The more you use up the credit of the card, the more cash back you will be able to collect. Spending less than $10,000 per year will only give you 1% cash back on total purchases. If you spend up to $20,000, 2% cash back will be rewards to you. You will receive 1.5% cash back on total purchases amounting to $10,000.01 to $20.000.
Annual Interest Rate of the Credit Card
The Annual Interest Rate is changeable and very much competitive having it present rate. You can evaluate the cash back credit cards as they offer comparable benefits and you will observe the advantages this credit card comprises. Once you turn out to be a cardholder you are allowed to put in an authorized cardholder through a supplementary card with no extra fee to pay off. This Canadian credit card will get cash back similar with the main cardholder.
As you would anticipate, you have limitless access to online statements at whatever time of the day. You can also verify how much rewards you have already gain online. Platinum MasterCard benefits are valid to every cardholder. MasterCard PayPass technology allows you the tap a device rather than the old swiping process. This can save your time especially when you check out at different merchants having the technology. Cash Back Plus Platinum Canadian Master Card is the perfect credit card for clients that have excellent credit history who aims to save as they spend some money. This card charges a competitive annual fee of $99.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Askmrcreditcard.com
Applycreditcard-online.com
Creditcards.redflagdeals.com
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Capital One Low Rate Guaranteed MasterCard Credit Card
The Low Rate Guaranteed Master Card coming from Capital One Canada is the perfect package if you have a fair credit history that does not meet the criteria of a credit card. The card charges very low rates that allows you to manage your expenses.
A responsible use of this card can aid in improving your credit rating and reinforce your history if you pay your bills on time and avoid using the card beyond the credit limit. This card is recognized anywhere worldwide. It is also very much accepted in Canada and you can also purchase merchandise through online buying or visits the local store to do your shopping.
A cash advance is one of the features on this card. However, it does not incur the same interest rate as well as when you avail of the balance transfer feature. You will be charged $59 annual fee for said card.
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Additional Benefits of the Credit Card
The card does have other benefits. One of which is that you can access your account using the internet. This will help you monitor all your expenses and keep a record of what you have paid through online statements. The statements are downloadable online. At present, you can purchase merchandise or pay off for any subscriptions online without being fearful of any fraud.
This is also equipped Zero Liability from any unauthorized use. It is a benefit that deals on unauthorized and fraudulent credit card usage.
PRODUCT SNAPSHOT
Guaranteed credit card approval, even if you’ve had credit problems in the past
The opportunity to repair your credit
Based on your credit history, we may offer you a Secured card which requires security funds (between $75 and $300) – what are security funds?
Other features include:
• Low annual interest rate of 14.9% on purchases and balance transfers
• Annual interest rate for cash advances is 19.8%
• May help you strengthen your credit history
• Security funds may be required
• Valuable MasterCard benefits, including Zero Liability
• Add an authorized user for $0
• MasterCard PayPass
Rebuilding or Improving your Credit History
If you are determined to improve your credit history, you have to apply for a Low Rate Guaranteed MasterCard which is important in rebuilding your rating. Approval is 100% guaranteed and it will give you confidence to be eligible for a non-secured credit card. The Low Rate Guaranteed MasterCard from Capital One Canada is the best choice for Canadian residents build up their credit. This low interest rate credit card also helps you save some money from low interest payments.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditnet.com
Creditcardapplications.ca
Creditcardreview.ca
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Capital One Guaranteed Secured MasterCard Credit Card
Capital One Canada is offering the Guaranteed Secured MasterCard. This card will give an opportunity to re-establish your credit and create a strong and stable history. This type of card charges low interest rates in all your purchases and balance transfer transactions.
These benefits ensures that you do not pay high rates and enjoy the benefits of the balance transfer program where the cardholders are allowed to transfer balance from a card that have high interest rate to a more lower one.
Once you availed of this card, you are required to have a security deposit as low as $75. The security fund is refundable once you decide to close your account. There are no additional or hidden charges. But any outstanding debt will be deducted from your security deposit once you close your account.
A secured card is ideal for someone who had little experience using credit cards. It is also best for persons who have previously experience bankruptcy or serious delinquency where the client is required to re-establish a credit. Every cardholder will have the opportunity to develop their credit history. When you pay your bills on time, you will be able to attain higher credit limits and meet the requirements for unsecured credit cards and other credit offers. This type of card charges $59 annual fee.
Other Features and Benefits of the Credit Card
The card offers Zero Liability that protects you from any unauthorized or fraudulent use of your card. Capital One's customer service program will assist you for any concerns either online or by phone 24 hours, seven days a week. Added benefits from the MasterCard include:
• Guaranteed access to credit
• May help you establish or re-establish your credit history
• Security funds required
• MasterCard benefits, including Zero Liability
• Add an authorized user for $0
• MasterCard PayPass
The Guaranteed Secured MasterCard is a 100% guaranteed approval. If you reside in Canada and does not own any Capital One account, you can apply for the card online. But you will also be required to put up a security deposit for as low as $75.
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The Guaranteed Secured MasterCard is available for Canadian residents who want to establish or reinforce their credit. With this credit card, you are not only guaranteed of card approval, but you are also guaranteed a low interest rate on purchases and balance transfers.
And because Capital One's Guaranteed Secured MasterCard is sending reports of your payment history to the different credit bureaus, your continues use of the card and paying at least the minimum balance every month can aid you in building or improving your credit history.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Whichwaytopay.ca
Durhamregionmortgagedoctor.com
Creditcardsco.ca
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Cash Back Gold MasterCard Credit Card
The Cash Back Gold MasterCard from Capital One is what you wish for if cash back rewards is what you are searching for. If you have excellent credit, it is easy for your application to get approved. All you should do is check and decide that this is the perfect card for you. Whenever you pay off the everyday purchases or charge eligible expenses to the card, you are going to obtain 1% cash back on all qualifying purchases. You will also find that the interest rate for this card is highly competitive and you will totally be pleased.
The Cash Back portion of the credit card rewards program allows you to convert it to cash rewards that do not expire once you have a rewards balance of $15 or more. You can select whether to redeem the cash back as a cheque or statement credit to increase your balance. You can exchange your cash back credit online or by phone at any time you want. Compare this credit card offer with other cards and you will discover that there is a yearly cap, expiry date, or restriction as to how many times you can cash in cash back within a yearly cycle.
Remarkably, all these disadvantages are not found on this particular card. As to the cash rewards, there is no limit to the amount you can get as long as you keep on using the card in all of your purchases. You will also constantly earn 1% cash back. Newly accepted cardholders will earn 0.5% cash back if your total annual purchases do not surpass $3,000. 1% cash back activates once your total purchases for the year go beyond $3,000. Your spouse, family member or friend can turn out to be an authorized user with their own supplementary card for no additional fee.
Additional Benefits of the Credit Card
Gold MasterCard benefits come as an additional benefit. Additionally, you are covered with $0 fraud liability if ever there is unauthorized purchase transaction. With MasterCard PayPass technology, doing transactions is now simpler and faster. All you need to do is tap and go at a receiving device and you are good to go.
Cash Back Gold MasterCard gets you platinum benefits and fantastic cash back as well. Applying for this credit card today would make you start earning cash back on your card. The card will be delivered and activated. There are no hidden fees or surprises for this card. Everything is presented and transparent.
Credit Card Advantages, Disadvantage and Services
The Capital One Cash Back MasterCard does have advantages and disadvantages. For the advantages of the card, you can earn cash back easily and does not need to pay any annual fee. Earn up to 1% cash back on all qualifies purchases transactions. There is not limit in the amount of cash you can collect and redeem in the future. If you want to convert rewards, you can do it anytime as long as your cash reward is $15 or more. The card company will let you choose whether to receive your cash back in a cheque or through statement credit.
For the disadvantage, it has only one and this card is not available to all areas. It is not available for residents of QC, NT, NU or YT. Services for this card are the following: up to 1% cash back on net purchases, no limit to the amount of cash you can accumulate and no extra charge once you add an authorized user under your account.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcardscanada.org
Ninemoney.net
Creditcardreview.ca
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Capital One Guaranteed Secured MasterCard Credit Card
The Guaranteed Secured MasterCard from Capital One is an essential secured credit card for individuals who needs to improve their credit or to have a stable credit history.
The card charges competitive interest rates on purchases, balance transfers and cash advances. A balance transfer feature is offered during the application, especially for card holders with high interest rate. Once you have transferred your balance, you will be assured of paying less interest rates.
After your application is accepted, you are required to put up a security deposit for a minimum of $75. The security deposit can be paid can be paid either a cheque or money order.
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Capital One provides cardholders Zero Liabilty against unauthorized or fradulent use of the credit card. This gives you complete confidence when shopping knowing that even if your card is stolen or lost, you will not be forced to pay for any unauthorized purchase made on your card. A customer support service is always available 24hrs a day and can be reached through the internet or by phone.
Major features and benefits of the Guaranteed Secured MasterCard credit cards are:
• Guaranteed access to credit
• May help you establish or re-establish your credit history
• Security funds required
• MasterCard benefits, including Zero Liability
• Add an authorized user for $0
• MasterCard PayPass
The card charges a $59 annual fee.
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The Guaranteed Secured MasterCard is one of the best cards that can help develop and strengthen your credit history. With guaranteed recognition, there is really no reason why you should not apply for this card. Though it is a secured card, there really is not much dissimilarity between a secured and non-secured credit card. A good number of merchants that honors MasterCard credit cards will acknowledge your secured credit card to pay for your purchases. Even if it is in or out of Canada, the MasterCard brand is extensively accepted all over the world.
Benefits of the Credit Card
Cardholders of Capital One Secured Master Card are entitled to Zero Liability against fraudulent and unauthorized use of the card at no additional cost. Any issues or questions will be answered by calling the customer service center of Capital One any time, day or night. More importantly, the company sends payment history to credit bureaus, allowing cardholders the opportunity to re-establish their credit.
Rewards of the Credit Card
Rewards do not apply for this card. The card holds a fixed 19.8% balance transfer annual percentage rate. The card comes with a $59 annual fee.
Credit Standing Allowed for this Credit Card
Individuals with fair to bad credit score of 699 or below can acquire the Capital One Guaranteed Secured MasterCard. Cardholders who do not have any credit history yet will also be automatically approved for the credit card.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcardscanadaoffers.ca
Reviews.creditkarma.com
Cardoffers.com
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Capital One Guaranteed MasterCard Credit Card
The Guaranteed MasterCard credit card from Capital One Canada is designed for Canadians who want to have a credit card that requires some improvement. This credit card is perfect for card applicants who are looking for value on their money. With this card, you will be charged interest rates on purchases, balance transfers and cash advances. However, the rates are highly competitive.
Thid card is what you need to strengthen your credit history. If you do not go beyond the credit limit and pay off in full regularly every end of the month, then your chances of having an excellent credit history is significantly increased. A $59 annual fee is charged by the credit card company as annual fee.
More importantly, this card is equipped with Zero Liability against fraudulent or unauthorized use. All you have to do is file a protest to their 24 hour customer customer support in case your card is stolen or lost and somebody other than you, made an unauthorized purchase.
The main benefits and features of this credit card are:
• May help you strengthen your credit history
• 24/7 customer service online or by phone
• Security funds may be required
• Valuable MasterCard benefits, including Zero Liability
• Add an authorized user for $0
• MasterCard PayPass
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A Guaranteed MasterCard is definitely a guaranteed approval but you should not have an existing delinquent account with Capital One and you meet the basic requirements. If you do not meet the criteria for this card, you will still have a chance to take advantage of Capital One gold benefits by putting up a security deposit as recommended.
The Capital One Guaranteed MasterCard allows Canadian residents with poor credit an excellent way to develop and enhance their credit rating if they use it responsibly.
Benefits of the Credit Card
The Capital One Guaranteed MasterCard allows cardholders with below-average credit scores the opportunity to restore their credit rating through reliable and prompt monthly payments. It also provides customer service online and over the phone 24 hours a day, seven days a week and safeguards you from fraud liability coming from any unauthorized use.
Rewards of the Credit Card
Despite the fact that there are no rewards for Capital One Guaranteed MasterCard, it does present numerous other attractive rates and advantages for consumers that would want to perk up their credit rating.
Balance Transfers Transaction and Rates of the Credit Card
The interest rate for all balance transfers transaction is 19.8% as well as the basic annual percentage rate. It holds the same rate for cash advances. There is also a $59 annual fee for this card.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Cardratings.com
Creditcards.redflagdeals.com
Askmrcreditcard.com
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MBNA Eco-Logique MasterCard Credit Card
With the MBNA Eco-Logique MasterCard issued by MBNA Canada, you could able to acquire an eco-friendly credit card that endorses carbon offsetting as a way of reducing greenhouse gas emissions in the environment. Cardholders will receive one carbon offset point for every dollar they spend using the card. MBNA Canada will then exchange the points automatically and use the equivalent funds usually 0.50% of net retail expenses to get carbon offsets on behalf of the cardholder.
You can earn carbon offset points that MBNA will utilize to get hold of carbon offsets on your behalf. The credit card does not charge annual fee. A low introductory interest rate of 1.9% for 6 months will be charged on Balance Transfers and Cheque Cash Advances. The card has a generous credit limit which is up to $100,000. For security, an around the clock fraud protection is being used. For concerns and inquiries regarding the credit card, an unparalleled 24-hour customer service is always on standby. The card is convenient to use as it you can utilize the online access to your credit card account. The card is internationally acceptance by millions of locations. And lastly, in times of needing cash, you can have immediate cash access at 430,000 ATMs internationally.
Annual Interest Rates of the Card
MBNA Eco-Logique MasterCard does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Quality-ins.com
Hotpennystocktradingtips.com
Earthfriendlycreditcards.com
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MBNA Sony Card MasterCard Credit Card
If you love Sony products, the Sony Card MasterCard credit card is simply what you need to take pleasure in getting discounts each time you purchase your favorite merchandise. This card is issued by MBNA Canada and is presented to individuals residing in Canada. It is a card exclusively reserved for individuals having good credit ratings. This takes account of having no serious delinquencies and bankruptcy in the past. For those who are eligible to receive the benefits available from one of these is simply without limit. Applicants who do not meet the criteria of the card often are offered with a preferred card which is upgradeable to this card after a certain period of time.
Purchases, balance transfers and cash advances all have specific fixed interest rates. Specific rates on every transaction category are unveiled in the credit card agreement. Cardholders do not partake in an introductory period. There is no annual fee for this particular card.
Cardholders who desire to take advantage of the rewards program will have everything they are happy about. Nearly every purchase earns points per dollar spent. New cardholders will get 2,000 Sony Points which instantly qualifies for a preferred Sony product. Cardholder who cannot utilizes online purchasing gets double points at SonyStyle.ca and Sony Store. Combining online purchases on these sites will definitely build up your points in no time. As usual, the entire points accumulated come in handy when you are going to redeem some great Sony products. It can be the famous Sony Play Station 3, an amazing Bravia LCD television, and an MP3 player. Whichever cardholder having sufficient amount of points could take pleasure in having a VAIO notebook without paying for it.
Additional benefits consist of exclusive round the clock access to the card account through a secure internet connection. French speaking individuals could select to have all bank correspondence received in French. A 24 hour customer support is always present for any concerns regarding the credit card or just inquiries that need some answers. Cardholders will also obtain supplementary benefits from security programs such as fraud protection, zero fraud liability, emergency cash and card replacement, lost or stolen card reporting, travel accident insurance and a lot more.
The Sony Card MasterCard credit card is the just the thing that any card applicant would love out of the free merchandise it offers. You will just spend as much as the points you can redeem for Sony product. MBNA Canada is the card issuer for this particular credit card. They recommend that you read and understand the card agreement and terms as well as the conditions before applying for it. This will help you fully understand what you will expect with the card.
The MBNA Sony Card MasterCard has a 0% rate on balance transfers for 12 months with 3% handling fee. It also have 0% rate on money transfers from your credit card to your current account for 12 having a 4% handling fee. Card purchases do also have 0% rate for 6 months from the date your accounts is opened. Typical rate for APR is at 16.9% but can be variable. You will receive 2,000 free Sony Card Rewards Points when you make a purchase transaction within the first 90 days which is enough to redeem a CD or DVD player. Collect reward points each time you use your Sony Card. Aside from that, you can have triple rewards points when you buy Sony products using the Sony Card. As Sony Card Customer, you will be updated with all the new and fresh news and products of the company.
Annual Interest Rates of the Card
MBNA Sony Card MasterCard does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcardoffersweb.com
Creditcards.redflagdeals.com
Cardoffers.com
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MBNA Starwood Preferred Guest Credit Card
If you are using a rewards based credit card for the points then you are getting the best value of your dollar spent. This is excellent to use whenever you are in stores, restaurants and especially when invest on a stock.
Selecting a credit card to utilize after doing some research in the internet or personally calling the credit card company would matter on your preference and choice. Good thing that MBNA offers a card which is MBNA Starwood Preferred Guest Credit Card.
This card is great for any card applicant simply because it gives you a great return on your spending. It does not charge you any annual fee and would give you supplementary cards for free. It also includes a comprehensive insurance package and has a super fast online system in which it updates any transaction in just minutes.
The Rewards of the Credit Card
The card does have hotel points program that provides you points every time you stay in a Sheraton, Westin, Luxury Collection, St. Regis and Meridian. MBNA Starwood Preferred Guest Credit Card has been winning awards for a lot of years now as the best rewards program available. What is truly great about this program compared to other travel programs is that the points can be utilized anytime. There are no blackout dates.
In earning points with this card, you will get 1 point for every $2 spent using the card. You will also get and instant 5000 bonus points when you make your first qualified purchase transaction. Aside from that, you will also get additional 5000 points for your first stay at any hotel that is tied up with the card. More points will be awarded to you when you spend $10,000 dollars having equivalent points of 5000 and can spend up to $30,000 for 15,000 points.
Other Rewards of the Credit Card
This type of rewards typically plays around 2.5%-4% on return or redemption. The point system has a lot of great features such as cash and points. The cash and points system is where they allow you merge cash and points towards selected hotels tied with the program. It is really great for cardholders who do not have sufficient amount of points but still want to stay at hotels having considerable discount.
You can also avail the 5th night free. By booking 5 nights with any of the hotels on points, you get the 5th night free. Hence, if you booked a category 4 hotel for 5 nights, it would cost you 40,000 points instead of 50,000. The MBNA Starwood Preferred Guest Credit Card dealing with airline points transfer system also grants generous perks where they give you an additional 5000 points for every 20,000 points that you have transferred. They support a large number of airline point programs but not including Aeroplan.
Comprehensive Insurance Package
Other features would deal with comprehensive warranty or insurance program which comprises travel accident, car rental, and purchase or theft insurance along with double warranty on purchases for up to 1 year period.
Who Should Get this MBNA Starwood Preferred Guest Credit Card?
This card is most excellent for those who are fond of travelling and spend up to $30,000 on their primary credit card every year. If you do not pay off your credit cards completely every month, this card is not best for you. They will charge you 20% interest per annum which is too high to handle. This card will give you the best worth of your money. The MBNA Starwood Preferred Guest Credit Card is on top of the rewards on every credit card list.
Annual Interest Rates of the Card
MBNA Starwood Preferred Guest Credit Card does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Spgpromos.com
Rewardscards.com
Creditcardsearch.ca
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MBNA WorldPoints MasterCard Credit Card
World Points is a reward program spearheaded by the Bank of America which permits cardholders to collect points when they make use of their credit card for different purposes. Bank of America presents debit and credit cards with World Points which accumulate for every dollar spent and you can exchange these points for varieties of choices like merchandise, cash, gift cards, travel and a lot more.
You gather some points when you use the card when you shop at the WorldPoints mall which has over 250 online retailers listed. You can shop for jewelry, apparel, electronics and lots of items that you can choose from found in this mall and receive bonus points. The World Point program lists different merchants and retailers. Thus, when you shop at these places you accrue points depending on the reward program of the merchant. Several places give a one bonus point on every $1 spent while others give you anything from 2 to 6,600 points with Home Depot carrying two points and Direct TV carrying 6,600 points over every $1 spent.
When you desire to convert World Points, you can do it in so many ways. If you want gift cards, you can exchange your points at World Points gift card retailers like Gap, Amazon, Hertz or Best Buy and other affiliated merchants. You can purchase merchandise using your points and get different products like kitchen appliances, cameras, golf equipment, tools, home furnishings, jewelry and fashion products. You can also convert your points and obtain products of well known top brands and get everything from cards to laptops as per your desire, the only requirement you should be certain of is having the sufficient points to acquire the item.
You can decide for a hospitality suite, a tour of the vineyards or an autographed item if you wish to convert your points with VIP events and memorabilia. Those who are fascinated in travel can utilize their points for partner travel opportunities, cruises and vacation packages or book a flight or hotel reservation as per your desire from the 60,000 top hotels and resorts worldwide. You can use your world points for cash by identifying what is more preferable for you. A direct deposit into a checking account or a check will be mailed to you. You can also contribute your points to a range of charities like the Make-A-Wish Foundation, the Susan G. Komen for the cure or to WWF.
With the MBNA WorldPoints MasterCard Credit Card, you can earn 1 WorldPoints for every $1 purchase you have made in net retail purchases. 1,000 bonus WorldPoints after you have made your first purchase using the card. Another 1,000 WorldPoints will be instantly rewards in your account every anniversary date of the card company. When you redeem your WorldPoints, you can choose from travel, merchandise and gift certificates. And lastly, the card does not charge any annual fee. This means that aside from getting so many rewards, you can save some cash coming from the no annual fee benefit of the card.
Annual Interest Rates of the Card
MBNA WorldPoints MasterCard does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Applycreditcard-online.com
Creditcards.redflagdeals.com
Canadian-finance.ca
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MBNA Pharmaprix Optimum MasterCard Credit Card
With the MBNA Pharmaprix Optimum MasterCard, you can earn 25 points for every $1 purchase you have made using the Pharmaprix card. The credit card does have 1.99% introductory annual interest rate on Cheque Cash Advances and Balance Transfers for 6 months. Having the card, it makes you feel very secure as it has an around-the-clock fraud protection. Aside from that, the card company created an online site where you can access your credit card account using the internet. In times that you have some problems regarding any transactions or with your card, you can access the unparalleled 24 hours customer service. The company has been using the enhanced security of Chip & Pin technology as well as PayPass.
Annual Interest Rates of the Card
MBNA Best Western Platinum Plus does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the credit card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Applyonlinenow.com
Plasticrewards.ca
Cardoffers.com
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MBNA Smart Cash Platinum Plus MasterCard Credit Card
There are a lot of credit cards to choose from. One of the best cash back credit cards that offers excellent rewards or points is the MBNA Smart Cash Platinum MasterCard. A lot of people may think that credit cards are evil. They are just a tool and they are only useful for person that can responsibly hold the card. Using a credit card for every purchase would possibly give you free points. However, you must make sure to pay off the full balance every month.
Cash back credit cards using an MBNA 1% Premier Rewards Platinum Plus card. It offers 1% cash back from the first dollar spent with no maximum rebate. It also provides a comprehensive insurance package. The card does not have any annual fee. But there is a new cash back card coming from MBNA.
The credit card is known as the MBNA Smart Cash MasterCard. It offers all the perks of the Premier Rewards platinum card but offers more cash back. This card also has no annual fee. MBNA has an even improved offering coming from MBNA Smart Cash credit card. It provides you 3% cash back on grocery store and gas purchases and 1% back on all other purchases you have made using the card. It has no annual fee and there is no fee when you request for additional cards for your authorize cardholders.
The MBNA Smart Cash credit card is not publicized and does not have an official web page. You will have to do your research for this card by reading forum posts and other sources of information. It is only available to individual who already have utilized a MBNA MasterCard. If you belong to this category, you can inquire their customer service and ask them to convert your on hand card to a Smart Cash card. They will then technically send you a new card. Furthermore, you do not have to complete another application form. And while you are taking the time to do this, keep in mind that you can tell your credit card company to discontinue sending you promotional ads and paper statements.
The Rewards of the Credit Card
The card offers 3% cash back on the first $600 spent on groceries and/or gasoline each month. You will also get 1% afterwards. Aside from that, 5% cash back on groceries and/or gasoline for the first 6 months from the time you have started to use the card for any transactions. 1% cash back on all other purchases with no maximum rebate is also entitled to the cardholder. You can request cash back after you have $50 accumulated in your account. And lastly, the card has no annual fee.
Comprehensive Insurance Package
The card will provide the cardholder with a Travel Accident Insurance worth $1,000,000 common carrier travel accident insurance. For Car Rental Insurance, a collision damage waiver is given. Purchase Protection for 90 days insurance in case of theft or damage up to $4,500 is also part of the card insurance package. Extended Warranty where it doubles up to 1 yr without any extra charge. 1.99% introductory annual interest rate on balance transfers and cheque cash advances for 10 months. Obtain up to 5% cash back on qualifying net retail gas and grocery purchases for the first 6 months. You will also get up to 3% cash back on qualifying net retail gas and grocery purchases thereafter. Get another up to 1% cash back for all other qualifying net retail purchases.
You will feel secure having the round-the-clock fraud protection and enjoy free online access to your credit card account which means you can do it as long as you have tool that has internet and can log to the official website.
Annual Interest Rates of the Card
MBNA Best Western Platinum Plus does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the credit card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Mbna.ca
Milliondollarjourney.com
Redflagdeals.com
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MBNA CAA Quebec Credit Card
CAA Quebec is really a not-for-profit organization that gives their members the security and composure by offering them exceptionally high quality automotive, travel and residential products. CAA Quebec is typically known for its well-known emergency road service and maintenance. This tells us that that where you are, what ever happened to you, you just call CAA Quebec and they will handle your car problem.
With the MBNA CAA Quebec Credit Card, you can earn 2% rebate by paying your CAA Quebec MasterCard on all your qualifying purchases including gas at any participating Couche-Tard shops that sell gas. This rebate is receive on top of the 2¢ per liter of gas earned when you show your CAA membership card at the counter when you fill up your car with gas on Couche-Tard outlets. Aside from that, the 2% will be added to the 0.5% rebate you earn every time you will utilize your CAA Quebec MasterCard. What amazing of this card is that the card offers low 3.99% introductory rate for 6 months on cheque cash advances and balance transfers. The customer service does have 24-hours unparalleled service to their client. You can utilize the comfort of using online access of your account. The credit card is accepted in millions of location.
Annual Interest Rates of the Card
MBNA CAA Quebec credit card does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The credit card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Mbna.ca
Creditcardbeaver.com
Financeglobe.com
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MBNA Shoppers MasterCard Credit Card
With the MBNA Shoppers MasterCard, you can earn 25 points for every $1 purchase you have made at Shoppers Drug Mart using your Shoppers Optimum MasterCard. Aside from that, 1.99% introductory annual interest rate on cheque cash advances and balance transfers for 6 months. It also offers an around-the-clock fraud security making you risk-free and safe of your personal account. You can utilize the comfort of using online access of your account. The customer service does have 24-hours unparalleled service to their client. The company has been using the enhanced security of Chip & Pin technology as well as PayPass.
Annual Interest Rates of the Card
MBNA Shoppers MasterCard does have a promotional rate of 1.99% for balance transfers. This also includes cheque cash advances. The rate of 1.99% will only be available for your first is billing cycles that post to your account within the 120 days upon account opening. The rate would increase once you have made a late payment or when you go beyond your credit limit. After the promotional rate, the standard annual interest rate for balance transfers will apply to new and outstanding balances. For the standard rate, interest rate for purchases is at 19.99% as well as for balance transfer and cash advances. The same rate goes for cheque cash advances and cash equivalents. With the default rate, the interest rates will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This implies that it is essential for you to keep track of your due dates and pay off your balance to stay away from interest rate increase. The following interest rate being shown will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. It is only allowed for purchases transactions only. All cardholder should take benefit of this grace period given that it does not charge you interest which sequentially can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The credit card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Canada.creditcards.com
Mbna.ca
Applyonlinenow.com
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MBNA Best Western Platinum Plus Credit Card
With the MBNA Best Western Platinum Plus, you can earn 1.5 Gold Crown Club Points for every $1 purchase you have made using the card. Once you have made the first qualifying purchase, the cardholder will get 5,000 Bonus Gold Crown Club Points as a bonus for getting the credit card. Additionally, you will receive 50 Gold Crown Club Points for each cash advance transaction made that goes over $50 in value. You will also earn additional Gold Crown Club Points by just going shopping at any retail partners that made a tied up with MBNA.
Annual Interest Rates of the Card
MBNA Best Western Platinum Plus does have a standard rate 19.99% for purchases. If you avail its balance transfer feature, the rate is at 19.99% including cheque cash advances. The same rate goes for cash advances as well as cash equivalents. For the default rate, your interest rate will increase by 5% if you pay off your balance late more than once within the 12 consecutive billing cycles. However, if you pay off the minimum amount on time for 12 consecutive billing cycles having the rate increase already, your current interest rates will be reduced by 5%. This means that it is necessary for you to take note of your due date and pay off your balance to keep away from interest rate increase. The following interest rate being presented will be applied on the day your account has been activated.
Credit Card Interest-Free Grace Period
The cardholder is given an interest-free grace period on new purchases you have made for at least 21 days. This will pursue if you can pay off the total balance found on your billing statement before or on the due date. For balance transfer, cash advances or cash equivalents, the interest-free grace period is not available. Only allow for purchases transactions only. Every cardholder must take advantage of this grace period since it does not charge you interest which in turn can be considered as a savings for you.
Minimum Payment of the Credit Card
The minimum payment for this card will be the sum of the current payment due plus the past due amount. This is subjected to a minimum of $15. The current payment due will be the sum of 1% of your balance not including the new interest charges. If the balance is less than $15, the minimum payment will equal the balance. In this way, the credit cardholder will not get into trouble with paying off the balance but if this goes on for quite sometime and the cardholder experiences financial problems, this could be dangerous for your credit status. You will have a huge debt with the card company.
Foreign Currency Conversion
The card company will bill you for all transactions in Canadian dollars. Any transactions that the cardholder has made in a foreign currency will be converted to Canadian dollars utilizing the currency conversion rate established by MasterCard. This conversion rate reflects the fee retained by MasterCard as a cost of performing the conversion service. In addition to the conversion rate, the company will charge an extra fee of 2.5% of the transaction amount after the amount has been converted.
Annual and Other Fees
The credit card does not have any annual fee. If ever there is an annual fee charged, it will be charged on your first statement and annually afterwards on your anniversary date. The card does have other fees to charge on. Transaction fees are given once you are going to avail cash advance including automated teller machine and over the counter advances. The rat is at 1% of the amount of cash advance having a minimum fee of $7.50. For balance transfer including cheque and cash advances, the rate is also 1% of the amount transferred or advanced having the same minimum fee under cash advances. For cash equivalents and wired transfer, the rate and minimum fee are more or less the same at 1% with $7.50 fee.
The card also has account fees. When you go beyond your credit limit, you will be charged $25 per billing cycle. In time of return occurrence, the fee would only be $20 per transaction as well as return cheque cash advance. In case you lost your monthly statement or sales draft, you can get another copy for only $2.50. For inactive balance cases, you will still be charged starting on the date that your account was last active. The fee is at $25.
See Other Relevant Articles
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcards.redflagdeals.com
Creditcardsearch.ca
Canada.creditcards.com
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MBNA Premier Rewards Master Credit Card
The Premier Rewards Master credit card was fashioned for cardholders who wish to earn as they spend. Cash rebates offers a 1% pays back on nearly all purchase transactions made using the credit card. All transactions coming from purchases, balance transfers and cheque cash advances will incur fixed interest rates.
Cardholders will not have the burden on paying off annual fee as this credit card does not have annual fee charges. CreditWise protection is an exceptional program made available to cardholders. This optional program looks after against loss of income and other misfortune that affect your normal family life.
Benefits that you can take advantage of would consist of online bill payment, online account access and a lot more. Aside from that, every bank communiqué are available in French. Clients having good credit history are most expected to become members of this credit card. Other requirements would need you to be a Canadian resident and have a combined annual household income more than $35,000.
The most attractive feature for this credit card is that this card has no annual fee. It does have rewards program and has high credit limit. The least attractive feature is that the card does not have an introductory offer.
Rewards and Benefits of MBNA Credit Cards
This credit card offers CashBack Reward in which you can get cash out of the dollars you have spend on any transactions you have made. The reward is a 1% cashback on all net retail purchases made. The rewards will automatically be credited to your account once a year particularly during the month of January.
Credit Card Details
The Premier Rewards Master Credit Card does not have any Annual Fee. You can get 1% cashback on all net retail purchases made using the MBNA credit card. You are going to receive the Rewards every January in which it is automatically credited to your account. Other than that, the card has no spending limits or earning limits especially on the rewards it offers. Exclusive platinum benefits that can give you peace of mind are entitled to you once you have the card. Credit limit up to $100,000 and unparalleled 24-hour Customer service for your convenience.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Applycreditcard-online.com
Creditcardreview.ca
Comparecreditcards.ca
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MBNA Gold Master Credit Card
The Gold Master credit card is made by MBNA Canada. It presents exclusive opportunity for card applicants who do not want surprises but would value fixed interest rates during the time they have their membership.
Even though it is not platinum kind of credit card, cardholders still take pleasure with the collection of benefits that MBNA offers. A number of these benefits are travel accident insurance which gives up to $500,000 in the event of accidental dismemberment, auto rental collision damage waiver which safeguards the cardholders when they rent cars against any liability in the event the car is damaged, lost or stolen. It also grants you the zero fraud liability where you feel safe and provides relief to cardholders who experienced identity theft, fraud or unauthorized transactions. Additional benefits take in free online account access and other internet related services like online bill payment. Customer service is also available round the clock.
Most attractive feature for this card is its Low APR. The credit card also does not charge any annual fee. Aside from those are the Gold MasterCard benefits. Least attractive feature for this card is that it does not have any rewards program and No introductory offer.
Rewards and Benefits of MBNA Credit Cards
Unfortunately, there is no reward program offers for this card. But having the accidental insurance and fraud protections is already a great benefit for you. Other card benefits are Internet related services such as emergency card replacement and 24-hour customer service.
Credit Card Details
The MBNA Gold Master Credit Card does not have any Annual Fee. Up to $100,000 credit limit is allowed. Other than that, the card has 9.99% Annual Interest Rate on Purchases and Cash Advances. The card will also keep you safe and secure as it has around-the-clock fraud protection program. Online access to your credit card account, unparalleled 24-hour Customer service for your convenience and immediate cash access at 430,000 ATMs internationally.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Canada.creditcards.com
Creditcardscanada.org
Creditcardsearch.ca
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MBNA Platinum Plus® MasterCard® Credit Card - 1.99 for 10 Months
The Platinum Plus Master credit card is made for Canadian residents who have good credit history and are interested in this credit card. This card grants you healthy credit line and gives you a lot of benefits to enjoy. It does charge low interest rates on balance transfers and cheque cash advances throughout a 10 month introductory period. Every transaction including purchases incurs fixed interest rates which are discussed in the card agreement and envelope.
Cardholders do not sustain an annual fee and there is no special rewards program though discounts on purchases could be derived from merchants that tied up with MBNA Canada. Other benefits that a cardholder can avail would comprise of online account access, online bill payment, zero fraud liability, fraud protection, extended warranty and round the clock customer support.
Credit card applicants who do not qualify for this card may receive a preferred card which is upgraded to this at a later time. The most attractive features for this the Low Introductory rate and it does not charge any annual fee. On the other hand, the least attractive is that the card do not have rewards program.
Rewards and Benefits of MBNA Credit Card
This credit card do not have rewards program but having the low introductory rate is a great benefit for you to enjoy. However, this credit card does have other benefits coming from its internet related services. It offers emergency card replacement and 24-hour customer service.
Credit Card Details
This credit card has the 1.99% introductory annual interest rate for 10 months on Cheque Cash Advances and Balance Transfers. Aside from that, the card has No Annual Fee. On its annual interest rate, it offers 17.99% Annual Interest Rate on Purchases and 19.99% Annual Interest Rate on Cash Advances. This will transpire once the 10 month grace period of the Low Introductory rate is exhausted. The credit card has also Around-the-clock fraud protection where you will feel secure of you account. Online access to your credit card account is also permitted since the card company do have unparalleled 24-hour Customer service. And last but the not the least benefits is that you can have immediate cash access at 430,000 ATMs internationally.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Cardbenefit.com
Creditcardscanadaoffers.ca
Forumvancouver.com
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Canadian MBNA Rewards Credit Cards
Sony MasterCard Credit Card
If you a fan of Sony products, this card will let you to take pleasure in great discounts on the Sony products that you love when you utilize your Sony MasterCard Credit Card to procure Sony merchandise. There is no annual fee and you collect 2,000 Sony points after your first qualifying transaction. In addition, you can double the number of Sony points you can collect from purchasing Sony items as Sony Style or the Sony Store. When you wish to look around through the SonyStyle.ca catalogue you can buy PlayStation games, MP3 Walkman Digital Music Players, movies, media, software and a lot more. You will earn 1 point for every dollar spent on Sony products with your Sony Master Card Credit Card.
There is no annual fee but there is an annual interest rate on all purchases and cash advances transactions made. You can avail many benefits such as 24-hour customer service, online access and other internet services, and more. If you want to find out more, you can visit the website.
If you are fascinated to applying for this credit card, you can apply online at Sony MasterCard Application page. You must be a Canadian resident and at least 18 years of age. You make sure that you have no major delinquencies or bankruptcies. These two factors will invalid your eligibility for the credit card approval. Other restrictions may apply.
World Points MasterCard Credit Card
This credit card is for those who desire to collect rewards with their credit card like no other cardholder. Earning points is simple and effortless. Canadian residents are offered the chance to apply for this card and earn the great rewards and additional benefits.
This card does not have an annual fee. However there is an annual interest rate on all purchases and cash advances made. Aside from that, there is no introductory period or introductory APR (annual percentage rate).
The World Points MasterCard Credit Card is part of the world points and universal rewards program. You will get 1 point for every dollar spent in retail purchases. In addition, you will receive 1,000 World Points after doing your first qualified retail purchase. You will also receive 1,000 bonus World Points annually on your account as the company celebrates its anniversary date. You can redeem your world points for merchandise, travel and gift certificates.
Other benefits that you are allowed to receive include 24-hour customer service, online access and other related internet service, 24-hour fraud protection and many more. If you are interested in applying for this credit card, you can do it online at World Points MasterCard Application page. You must be Canadian resident and must be 18 years of age. Be sure that you have no bankruptcy issues or major delinquencies in the past. If you want detailed information about credit card application as well as the terms and conditions of it, you can log in to the credit card official website.
Pharmaprix MasterCard Credit Card
The Pharmaprix MasterCard Credit Card is excellent for Canadian residents who long to receive benefits and rewards as a cardholder. MBNA Canada offers this card at no annual fee and a low introductory rate for the first six months on cheque cash advances and balance transfers. Other than that, there is an additional low APR on purchases and cash advances.
When you are a cardholder of this credit card you receive 24-hour customer service, 24-hour fraud protection, internet access to your account and other internet services whenever you want it.
You will have the chance to receive 25 points for every dollar purchased at Pharmaprix using your Pharmaprix MasterCard Credit Card and presenting your Pharmaprix credit card. It is part of the Universal Rewards Cards. With that, you can receive 15,000 in bonus Pharmaprix points. Additionally, you will receive 5 points for every dollar you spend elsewhere. If you aspire to gain more knowledge about the benefits in applying for this card, you can refer to the terms and conditions located at Pharmaprix MasterCard Application page.
Only Canadian residents with good to excellent credit history are entitled to apply for this credit card. You must also have a Canadian credit file, be of the legal age on your province, and be clear or major delinquencies and bankruptcy.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Finance.mapsofworld.com
Mbna.ca
Economywatch.com
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MBNA Credit Cards that Give Back
These days, every person desires for credit cards that can provide benefits to the cardholder. Other than just providing them access to money they will have to pay back every end of the month or soon. MBNA Canada offers credit cards will then come in where individuals who are interested in earning rewards and benefits for being loyal and responsible cardholder. No one can dispute that if a credit card offers a lot of rewards, more individuals will be amazed in learning what each credit card can provide.
Earn Cash Rebates
One of the best things about these kinds of credit cards is that you can get cash rebates just for spending money using your credit card. You will in fact get something out of the money you spend with your card. The Premier Rewards MasterCard Credit Card offers cardholders the opportunity to collect points and save on everyday purchases made.
If you want this rewards credit card for your everyday purchases, this may be the card you are looking for. The credit card offers many rewards that benefit to the cardholders such as 1% cash rebate for every eligible purchase made. The card does not charge any annual fee. The rewards you earned will instantly be credited to your account once a year.
Once a year in January, every cash rebates you earned will be credited to your account. You have the choice of redeeming your rewards for cash rebates or use it in some other way or make it as a savings. The rebates you are entitled of from MBNA Canada come in bulk once a year and you may be amazed to find out how much reward you are given basing it on your everyday purchases.
Aside from that, there are other rewards that the cardholders may receive and add to the benefits of the card such as no earning or spending limit to earn rewards, 24 hour customer service, online access to bank account and other internet related services. If you want to have the Canadian credit card, you can use it on everyday purchases and earn cash rebates just for spending money from the credit card. This credit card is suitable for you to have.
Platinum Benefits
Canadian residents with good to excellent credit history that is looking to have platinum benefits with their credit card may think about the Platinum Plus MasterCard Credit Card. Cardholders will also find out that the card reduces the burden of high interest rates on balance transfers, purchases, and cash advances. The Platinum Plus MasterCard is not a rewards card, but it has many benefits cardholders will think ideal. The credit card offers low introductory rate, no annual fee, 24 hour fraud protection, free online access to bank account and other internet related services.
There are more benefits of the card. These benefits include cash access at 430,000 ATMs worldwide. These benefits do not stop there. MBNA also take in additional benefits to cardholders such as extended warranty on eligible products, purchase protection for up to 90 days after purchase, travel accident insurance, emergency cash, card replacement and auto rental collision damage waiver. If you want this credit card and take advantage of platinum benefits aside from the other basic benefits, the Platinum Plus MasterCard may be the card ideal card for you.
Help Save the Planet
The wellbeing of the planet plays a vital role in every single person, not excluding animals and nature. If you are passionate about saving the earth and taking part in making sure of the health of the planet, you can do something simple using a credit card. MBNA Canada offers the Eco-Logique MasterCard Credit Card for clients who like to be part in saving the planet.
This eco-friendly green card has a lot of benefits for the cardholders. This is an ideal way in helping them save the planet. Cardholders can accumulate carbon offset points for retail purchases to offset green house gases. The card aids in helping to reduce green house gases. Points can be redeemed to purchase carbon offset points for organizations who work toward allaying green house gases.
In addition to the points being earned, cardholders also get additional benefits that comprise 24 hour customer service, 24 hour fraud protection, no annual fee, emergency card replacement, online access to credit card account and other internet related services. You can also avail the cash access at over 430,000 ATMs worldwide. Being part in helping the planet is a big step in making sure of our future health. Support and help this project by getting an Eco-Logique MasterCard.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Milliondollarjourney.com
Canada.creditcards.com
Applycreditcard-online.com
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MBNA Low Interest Credit Cards
High Savings from Low Rates
Low interest rate credit cards provide remarkable significance to Canadian consumers. As household expenses keep on rising at a much faster rate than the earning of income, cutting down the interest payment on monthly credit card balances can add up to valuable savings over the course of a year. Consumers who frequently carry credit card balances month after month should take advantages of a low interest rate credit card.
Consumers who presently own a high interest rate credit card is completely aware of the trouble concerned in trying to persuade a current credit card company to lower their interest rate on existing balances. A couple of missed payments in the past or a recent single late payment significantly lowers the odds of conferring for a lower interest rate. The credit issuer observes this as a credit risk. Sequentially, the creditor wishes to obtain as much money out of the card holder as possible in exchange that the consumer may forget them completely.
There is an answer for this type of credit card problem. You can apply for a new credit card. A lot the existing low introductory rate credit cards offer 0% APR balance transfers. These are nearly always on introductory offers. Keep in mind they will have expiration date which usually range between 6 to 15 months. However, it may depend on the situation if you have enough time to get rid of the previous high interest rate credit card while paying off the balance completely.
Low Introductory Rate Credit Cards
Enjoy Great Rates with Low Introductory Rate Credit Cards
Credit card issuers normally present an attractive introductory interest rate on newly issued cards or on balance transfers to your on hand card. If you usually carry a balance on a credit card, this type of offer may help you save money. Yet, you should understand that these low rates commonly apply for a limited time only. As soon as the introductory period ends, the rate returns to its regular rate. You can find out what the regular rate is, if you inquire with the credit card issuer.
Before applying for an introductory offer, be sure that you understand its terms and conditions. You can ask the credit card issuer what types of transactions the introductory rate applies to, when the introductory period will end and what will be the interest rate after the introductory period ends. You can also ask if the introductory rate ends once you make a late payment or go over your credit limit. Aside from that, you can ask what order of transactions is and how your payment will be applied. Lastly, you can ask whether any other fees or conditions apply.
Do not support your credit card decision solely on one factor such as an attractive introductory rate. Be certain that you have appreciated all the features and conditions of a card before you accept it. Once you have accepted a credit card with a low introductory rate, discover which types of transactions do the offer applies to. If the low introductory rate applies only to balance transfers or cash advances and not to purchases, you must limit your new purchases until you pay off the transfers and the advances. This will give you a good saving of money in the long run.
If you make purchases while carrying a balance, you may lessen the money you can save on your transfers and advances. There are two reasons for this. You will lose the interest-free period on new purchases if you do not pay off your entire balance at the end of the first month which includes all purchases, cash advances and balance transfers. This means that you will start on paying interest on your new purchases from the date you made the purchase or in some cases, from the time they are posted to your account.
If you put together a cash advance or balance transfer at a low introductory rate, and then purchase something, you end up reducing your potential savings. This is for the reason that you are paying off the lower interest rate debt first, while carrying the higher interest rate for a longer time. However, the order of transactions may differ from one institution to another. You can ask your credit card issuer to clarify how the order of transactions influences your payments.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcards.redflagdeals.com
Finance.mapsofworld.com
Creditcards.lovetoknow.com
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4 Different Types of MBNA Canadian Credit Cards
Prepaid and Secured Cards
If you presently have bad credit or you are scared to acquire a new card for the reason that you are economically instable, you might also think about getting a prepaid card. These are mainly debit cards which you can utilize in place of cash. However, it can also act as a replacement of a credit. If you want to keep away from all of the fees that are normally associated with credit cards, this is absolutely the way to go. You can frequently discover prepaid debit cards with very low usage fees for as long as you abide with specific protocol of the card. For instance, a lot of card companies will waive the deposit fee if you use direct deposit to get a hold of the money in your account. Others waive the fee as long as you deposit a certain amount in your account every month. It really makes sense to deposit as much money as you can into the accounts as it does not entail any risks at all.
If you want to gain much of the program that a credit card can offer, yet worried of the over limit fees, you can resort to a secured credit card. Secured cards are named as such as it requires you to make a security deposit on the card prior to using the card. It is not a usable deposit and would give you a credit limit that is often higher than the deposit amount of money you have. The security deposit is simply an insurance policy for the credit company just to make sure the company gets paid in case you cannot pay off your bill. This type of card is ideal for people who are new to credit or reestablishing again a good credit as it permits you to take advantage on credit card rewards and keeps your rate lower.
Rewards Credit Cards
When talking about rewards, this is the type of card that people usually think of. Rewards cards most of the time present you something for using the product. There are several cards that have a standard purchase cash back rate which pays you shares on things you purchase each day. Some cards pay only for few things yet their rates are high. For example, more and more cards today can be used to pay off for gas and groceries. These things are typically paid using cash. If you are knowledgeable of your monthly budget, you can easily utilize your credit to purchase these things and reap the equivalent rewards. You are then obliged to pay off the balance every month. You will not pay interest any interest charges which mean that you are getting the exact amount of money back on the same stuff you acquired last month.
Obviously, you can also acquire rewards cards for just about anything else. If you usually shop at particular store more than other stores, it might make sense to obtain a store card so you can take benefit of unique rewards. This can restrict you but you need to be cautious that you do not have a lot of them. However, if you come across on an affiliate card that is attached to a national bank, there may be more flexible rebate benefits along with store rewards.
If you are dealing with financial pressure, it might be plainly for the reason that you have too many liabilities. It is frequently not how much money your debt is, but to the number of creditors you must write a check every month to pay off your bills. This can lead to multiple problems. For example, if you have two national credit cards and three store credit cards, you have to make five separate checks. Five payments would mean five different due dates. If you miss paying off any of them, each do have their own fees. If you miss to pay all five payments in one month, you could be in trouble for the rest of your life.
You can stay away from this kind of situation by using a new balance transfer card. If you have been proficient to keep your credit in fair standing, you should apply for a 0% interest balance transfer card and merge all five balances to your new card. This permits you to trim down the amount of money you are obligated to pay every month. This means that you can afford now to pay off the total balance much quicker. Aside from that, if you miss a payment, you are only charged one fee which is much easier to recover from. This interest rate is generally temporary. However, you should have enough time to either pay the whole thing off or get it under reasonable amount before the variable interest kicks in which often takes place 6 or 12 months later.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcardreview.ca
Financeglobe.com
Economywatch.com
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Choosing the Right MBNA Credit Card
A lot of people check and weigh their choices vigilantly when selecting on a credit card. When you are aware and updated about credit card information, you can then decide which credit card is suitable for you. Find out about the different benefits and rewards MBNA Canada cardholders can obtain with the three different credit cards.
Save on Travel
Traveling can be costly but you do not have to spend so much money to go for a travel, whether it is personal or business in nature without being rewarded. MBNA Canada offers the Starwood Preferred Guest MasterCard Credit Card to persons who frequently travel and who want to avail exclusive offers, save on travel, and earn points.
The Starwood Preferred Guest MasterCard offers you a lot of rewards that any cardholder will find rewarding. First, it does not have an annual fee. Second, 1 starpoint for 2 dollar spent on eligible purchases will be given. Third, 5,000 bonus starpoints for the credit car activation is also given as a reward. Another 5,000 bonus starpoints for using your credit card on your first stay at a participating Starwood hotel or resort on Starwood Preferred Guest MasterCard. Another extra 5,000 starpoints annual bonus for every 10,000 dollars spent but can also reach up to 15,000 bonus starpoints can be rewarded each year.
Starpoints can be redeemed for merchandise, travel rewards, cash, and discounted stays at any Starwood hotel or resort. The benefits do not stop there. Cardholders also receive numerous of incomparable benefits, such as 24 hour consumer service, zero fraud liability, free online access and other internet related services.
The card is perfect for frequent travelers who aspire to save on accommodation and get exclusive offers and discounts with the participating retailers. Based on the credit worthiness of the individual, cardholders can obtain up to a 100,000 dollar credit limit.
Earn Points While You Shop
Are you aware that there is a credit card that entitles you to earn points while you shop? The MBNA Canada Pharmaprix Master Card enables cardholders to collect rewards and gather benefits just for using their credit card to procure their items. MBNA guarantee that you get more out of your credit card than just credit and APRs.
If you are interested in learning more about this card, check out a few of the rewards that come with being a cardholder. The card does not have any annual fee. You can get 25 points for every dollar spent at Pharmaprix when you use your Pharmaprix Optimum MasterCard and show your Pharmaprix Optimum card. 5 points will be acquired for every dollar you spend in purchases anywhere else. 15,000 bonus points will be given after your use the card on your first purchase.
There is no limit to the numbers of points that you can accumulate. When you start to earn points, you can apply points to useful rewards such as 100% discount purchase on any item at Pharmaprix outlets and stores. The Pharmaprix Optimum MasterCard also consists of additional benefits such as free of charge to every cardholder, 24 hour fraud protection, 24 hour customer service, free online account access and other internet related services. Additional cards for family and friends at no additional charge are also offered. Canadian residents wishing to receive sensible rewards with their credit card will find out how easy it is to build credit and get a lot of benefits and discounts.
Earn Points Whenever
Not every rewards card is intended for you to accumulate points and rewards on more or less any purchase. If you are searching for a card that does just that, the World Points Master Card may be the card suitable for you. The World Points MasterCard is fashioned to allow Canadian cardholders with good to excellent credit to collect many rewards by earning points.
Check out the rewards offered with this credit card. First, 1 point for every dollar spent will be given to the cardholder. They can also gain 1,000 bonus points after they do their first purchase using the credit card. Another 1,000 bonus points will be given annually on your account during the anniversary date.
World Points accumulated can be redeemed for travel, gift certificates, and merchandise. Additionally, cardholder can use the 24 hour customer service anywhere in the world, 24 hour fraud protection, online bank account access and other internet related services. The World Points MasterCard is best for frequent shoppers who desire to save and obtain more from their Canadian credit card. You can save, earn, and receive more.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Tabstart.com
Mbna.ca
Personalfinanceanalyst.com
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Buying Penny Stocks without All the Work
Buying penny stocks is potentially very profitable, but penny stock investing is also filled with risks. Thorough research and evaluation of stocks can greatly reduce the risk, but this process is tedious and requires a considerable investment of time and effort.
There is a new computer "bot" that has been created that analyzes penny stocks thorough in-depth mathematical analysis and by doing so dramatically decreases the risks and increases the profits from buying penny stocks, while greatly simplifying the work of choosing what stocks to buy and when. Of course, such a system does not come cheaply, but there is an opportunity for even the smallest of investors to reap the benefits of it.
Penny stock investing has big advantages when it comes to large, rapid returns on investment, and the fact that penny stocks are priced low enough for even very small investors to buy stocks and have the opportunity for a diversified portfolio. Because penny stocks have such low values, just a few cents change in the price of the stock can equate to a huge change percentage-wise, and potentially a huge profit to the investor, depending on the amount of the total investment, particularly in comparison to the profits possible with larger value stocks.
To show the power of penny stock price changes, let's do a comparison. If you wanted to invest $1000 and found a stock you decided to buy at $100 per share, if it increases by $1 per share, you'll have made $10. On the other hand, if you invested $1000 in a penny stock that initially sold at $1 per share and it increases by $1 per share, you'll make $1000!
Now, by the same token, penny stocks can lose a bunch of money very quickly too, which is one reason why it is important to be very careful when buying penny stocks. Another reason that penny stock investing is risky is because of shady or outright fraudulent practices of some individuals involved in marketing and selling penny stocks. Because companies that issue penny stocks are not required to file financial reports with the SEC, it can be difficult to obtain reliable information to really assess the stock.
In some instances, hard-sell marketing tactics, such as email spam campaigns, paid promoters making cold calls, exaggerated press releases, and "boiler room" operations may be used to lure unwary investors into buying a stock to drive up the price and then the insiders suddenly sell off their stock at the inflated value, leaving the investors holding the bag as the price drops like a rock. As with any investment, the higher the potential return, the higher the risk, but in penny stocks, the relatively high potential for fraud drives the risk even higher than what is seen in other investments that are simply at the whim of market forces.
To overcome the risks, buying penny stocks has traditionally required a large investment of time to research stocks to avoid the scams and predict a relatively good rate of return. A careful penny stock investor could spend quite a bit of time evaluating a single stock. This effort would hopefully pay off in the long-run, but the time required in doing this often made penny stock investing out of the question for part time investors.
Then along came "Marl", which is a penny stock buying computer bot designed by a couple of guys that had the unusual combination of computer programming expertise and in-depth understanding of stock investing. Marl has several advantages over human investors, but the biggest advantage Marl has is that there are no emotions involved in his stock picks. Marl makes his picks based on cold, hard, statistical calculations. Plus, Marl can do a detailed analysis of hundreds of stocks in less time than it would take even an expert stock analyst to do a cursory evaluation of just one stock. This doesn't completely eliminate the risks of buying penny stocks, but it does cut down on the risk considerably.
The power of this system is amazing, and it has created vast fortunes for those fortunate enough to be able to afford the up-front $28,000 licensing fee that is charged for Marl. Obviously, this price tag puts Marl out of reach of the small investor, but there is an opportunity for small investors to also benefit from Marl. The inventors of Marl produce an extremely affordable e-newsletter with Marl's top penny stock buy for each week. For new investors interested in buyng penny stocks, this might even be better than having their own license to Marl, as it cuts down the investment choices to just one stock per week, rather than having to choose from hundreds of options. This makes penny stock investing a very simple process for even novice investors.
Marl's inventors have stated that they will be limiting the number of newsletter subscribers that they allow, and the subscription option may not be available much longer. For the sake of small investors, hopefully they will reconsider and keep the subscriptions list open. For now though, small investors have a big opportunity for assistance in profitably buying penny stocks.
About the Author:
George Best is a small investor from San Antonio, Texas. For more about Marl and penny stock investing, visit buying penny stocks. This and other unique content 'buying penny stocks' articles are available with free reprint rights.
See Also
Buying Penny Stocks The Easy Way
What is a list of Penny Stocks?
What is Penny Stock?
External Links
Pennyinvest.com
Pennystockclassroom.com
Stockrich.com
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Buying Penny Stocks The Easy Way
Buying penny stocks, while it can be a lucrative form of investing, carry with it a considerable amount of risk. The risks of penny stock investing can be dramatically reduced by doing your homework on the stocks you are considering buying, but that homework is tedious and time-consuming.
A new computerized system has finally been devised that uses cold, hard, mathematical analysis to greatly reduce the risks and increase the profitability of buying penny stocks, while eliminating most of the work involved. As you might have guessed, this technology comes at a rather steep price, but some creative minds have come up with a way to make it accessible to the small investor while making the process of buying penny stocks simple and easy for even the newest of penny stock traders.
Penny stock investing has big advantages when it comes to large, rapid returns on investment, and the fact that penny stocks are priced low enough for even very small investors to buy stocks and have the opportunity for a diversified portfolio. Because penny stocks have such low values, just a few cents change in the price of the stock can equate to a huge change percentage-wise, and potentially a huge profit to the investor, depending on the amount of the total investment, particularly in comparison to the profits possible with larger value stocks.
For example, if you had $1000.00 to invest, and put it into some stock on the S&P 500 list at a purchase price of $100.00 per share, and it went up by $1.00 per share, your $1000 investment would yield $10.00. But, if you purchased $1000.00 worth of a penny stock at a purchase price of $1.00 and it went up by $1.00 per share to $2.00, your $1000 just became $2000 - a yield of $1000!
Because of the percentage of value change that a small dollar value change makes in penny stocks, you can lose money very quickly too. In addition to the inherent risks from normal losses in value, penny stock investing has more than its fair share of scams and fraudulent practices. Companies that issue penny stocks don't have to file financial statements with the SEC (although some do so voluntarily), so it can be very difficult to find the necessary reliable information on a company to do a thorough analysis of the stock.
In some instances, hard-sell marketing tactics, such as email spam campaigns, paid promoters making cold calls, exaggerated press releases, and "boiler room" operations may be used to lure unwary investors into buying a stock to drive up the price and then the insiders suddenly sell off their stock at the inflated value, leaving the investors holding the bag as the price drops like a rock. As with any investment, the higher the potential return, the higher the risk, but in penny stocks, the relatively high potential for fraud drives the risk even higher than what is seen in other investments that are simply at the whim of market forces.
To overcome the risks, buying penny stocks has traditionally required a large investment of time to research stocks to avoid the scams and predict a relatively good rate of return. A careful penny stock investor could spend quite a bit of time evaluating a single stock. This effort would hopefully pay off in the long-run, but the time required in doing this often made penny stock investing out of the question for part time investors.
A couple of computer geeks who also had an in-depth understanding of penny stock investing have recently developed "Marl", which is a computerized bot that can evaluate hundreds of penny stocks in less time than it would take a human to evaluate just one. Unlike human stock-pickers, Marl is 100% cold and calculating - there's no emotion to cloud his judgment. Although even Marl doesn't have a perfect track record, he's a lot better than any human, and Marl can dramatically decrease the risks involved with penny stocks .
The power of this system is amazing, and it has created vast fortunes for those fortunate enough to be able to afford the up-front $28,000 licensing fee that is charged for Marl. Obviously, this price tag puts Marl out of reach of the small investor, but there is an opportunity for small investors to also benefit from Marl. The inventors of Marl produce an extremely affordable e-newsletter with Marl's top penny stock buy for each week. For new investors interested in buying penny stocks, this might even be better than having their own license to Marl, as it cuts down the investment choices to just one stock per week, rather than having to choose from hundreds of options. This makes penny stock investing a very simple process for even novice investors.
Marl's inventors have stated that they will be limiting the number of newsletter subscribers that they allow, and the subscription option may not be available much longer. For the sake of small investors, hopefully they will reconsider and keep the subscriptions list open. For now though, small investors have a big opportunity for assistance in profitably buying penny stocks.
About the Author:
George Best is a part-time investor from San Antonio, Texas. For more about Marl and penny stock investing, visit buying penny stocks. Click here to get your own unique version of this article.
See Also
Buying Penny Stocks Without All The Work
What is a list of Penny Stocks?
What is Penny Stock?
External Links
Pennyinvest.com
Pennystockclassroom.com
Stockrich.com
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Finding The Finest French Properties Around
Old French buildings are very beautiful, finding the finest example is a wonderful way of getting the perfect house. However many of these properties are not built with a number of the modern creature comforts that we all take for granted. Few people would want to live in these houses unless they are first renovated. There are lots of old stone houses for sale in France, although these are beautiful they require renovations because many of them have been neglected.
It's quite easy to find Period French Properties; the trouble comes when you try to find a good one. You should consider the activities you do each day, would these properties suit you? Sure they are perfectly livable. However, you will almost certainly need them modernized. You should get the property checked over by an expert before you embark on any renovation projects. This expert will be able to tell you about the property, also checking the building itself. The electrical wiring will almost certainly need to be upgraded. This expert will be able to suggest what you should concentrate on changing or improving first.
Before starting your French Property renovation you should ideally work out a budget. Work out how much everything will cost, after all there is no point starting the project if you cannot afford to finish it. You should also allow extra money for a contingency fund, just in case anything costs more than expected. When planning your renovation it is a good idea to hire a professional architect in order to look over all of the tasks. Your architect will be a god send as they will be able to advice you in terms of building regulations.
How to hire a builder or an Architect
Before you are allowed to make renovations on a French property you may first need to acquire a building permit. This is the case if your house is protected by a preservation order, or it is in the list of historic monuments. Your architect should be able to advise you whether or not you need a permit, and even get it for you should you need one. When you hire a builder or architect always make sure that they are officially registered in France. It is possible to check this out, ask for important information such as his Siret number. This is issued by the chamber of commerce. Also ask for insurance details. It is absolutely vital that you hire someone that knows exactly what they are doing you don't want someone that will make the building worse.
About the Author:
John Bakers often edits newsletters on subjects related to construction. You might see his abstracts on bay window seat over at http://www.replacement-windows-tips.com. Don't reprint this exact article. Instead, reprint a free unique content version of this same article.
See Also
Buying Property - Several Ways To Make A Profit
Ensuring Your Success When Purchasing Rehab Properties
Real Estate Advice - Find Out What Influences Property Value
External Links
Luxury-french-property.com
Gerians.com
Nvillas.com
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Finding A Successful Balance
James Ray, the son of a Protestant minister, grew up with a varied religious background. He wasn't the type of child who enjoyed sports or school dances. He preferred reading books. His favorites were religious and philosophical in nature. Although his father raised him with traditional Christian beliefs, James always had an open mind about what other cultures believed.
As a teenager, James Ray wanted to learn how the universe works, so he began studying Buddhism, philosophy, and quantum physics. Today, he teaches people some of the same ideas he gathered in his childhood. He encourages people to dive deeply into one subject and be a true student rather than constantly seeking a bit of everything.
Before becoming a spiritual teacher, James Ray James ray was a top sales manager and in charge of AT&T's School of Business. It was his job to train others in the company, and in doing so, he taught them how to think differently, act differently, and feels differently to get results.
James Ray left AT&T to venture out on his own in 1992. Before getting into spiritual teaching, he first worked as a corporate consultant and trainer. James felt he could have an impact on the bottom line of a corporation by training individuals within each company. After all, what is a company without it’s employees?
James Ray started a program called Harmonic Wealth as a way to spiritually connect people with their passions. Harmonic Wealth isn't about money as the name may imply, but rather it's about spiritual balance and fulfillment. No one can be happy with money alone. Even rich people feel the burden of financial insecurity. Through the Harmonic Wealth program, James teaches five key areas of balance.
The five key areas, or pillars, that James Ray teaches his students to balance are financial, relational, mental, physical, and spiritual. After you figure out what your passion is, you can incorporate it into your life through each of the pillars. When you do, your life will come alive with fire.
Each of the five pillars depends on the stability of the others, so balance, James believes, is essential. You can't think about how much you love your spouse if you're in the middle of an argument about money, and you can't give a presentation at work if you have a sore throat. Harmonic Wealth means you can't be happy with money alone. You need all areas of your life to be in tip-top shape.
James Ray has made appearances on the Oprah Winfrey show and Larry King Live. He was also in the movie "The Secret," which is in many ways similar to his Harmonic Wealth program. Balance is required in Harmonic wealth, and you have to go "three for three" with The Secret through focus of your thoughts, feelings, and actions. Find a successful balance, and find a successful life!
About the Author:
Enter the life of James Ray, World Thought Leader James Ray. You've seen him in "The Secret" and on Oprah. This is your chance to learn new ideas as James shares his unique way of living, and teaches you to create harmonic wealth financially, relationally and spiritually Click here to get your own unique version of this article.
External Links
Blogs.forbes.com
Jamesaaray.blogspot.com
Google.com
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Make The Right Decision When Picking Your Car Insurance Provider
Choosing a car insurance provider is not like buying a sandwich or a new pair of shoes. Car insurance is a big commitment, a large expense, and potentially a major influence on your life. Choosing the wrong insurer or benefits package might cause you to pay far more than necessary, or even cost you thousands of dollars in the event of an accident.
First off, use every resource at hand when choosing an insurance provider. Ask your friends what company they use, but remember insurance premiums are highly individualized, and one company that gives someone you know a great deal might not do so for you.
There are dozens of popular internet sites devoted to car insurance advice. Do your research. See what the best options are for you, and follow up on them. Other websites will generate quotes for you from multiple insurers. Using these sites is a great way to see how different companies compare. You'll save a great deal of money by taking your time and finding the insurance company that offers you the most affordable package.
Almost every reputable company has a toll-free number you can call where you can talk to a representative. Don't be shy about using these numbers. If you have a question, call and ask. Any company that is worth considering should take the time to help you find out what you need to know. Plus, talking with a representative will give you a taste of how well a particular company treats their customers.
Once you find an insurance provider that offers you a reasonable rate, be sure the company is reputable and the insurance package you are considering is worthwhile. Do a quick internet search and find out what people are saying about the company. Are you finding lots of negative comments? Are they treating their customers unfairly? Be sure the company of your choice has a good reputation. One company might seem like the best option because of its low price, but if they have poor customer service or have a policy of refusing claims, you may not be happy in the long run.
Another important thing to consider when choosing a car insurance provider is what type of insurance you want. Different companies cater to different needs. Some serve people after a bargain. Others serve more demanding customers who are willing to spend more.
Know what your needs are. Are you driving an aging economy car? Then you might not want a full coverage package that costs a lot of money. Consider buying liability-only insurance from a low-cost insurer. Are you driving a brand-new luxury automobile? Then find an upscale insurer that will give you top-to-bottom comprehensive coverage.
Remember, nearly all provinces in Canada legally require drivers to have some form of auto insurance. Insurance is not to be taken lightly. Ignoring it altogether can cause you to get your car impounded, lose your driver's license or even be thrown in jail.
Taking the time to buy car insurance from a reputable, quality insurance company can potentially save you thousands of dollars and lots of legal trouble.
About the Author:
There is a lot of choice when it comes to picking an auto insurance provider. The biggest decision to be made is whether or not to purchase insurance directly from an agent, or to utilize a broker The best way to ensure adequate coverage is to get a lot of quotes before you make a decision. This article is available as a unique content article with free reprint rights.
See Also
What is Car Insurance?
GMAC - Canada
Ford Motor Credit - Canada
External Links
Kanetix.ca
Swiftcover.com
En.wikipedia.org
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Being Prepared for Your Move Can Help You Avoid Ruining It
As anyone who has done it knows, moving is no simple task. It's costly, time-consuming, exhausting, and all around not fun. Moving can easily turn into a disaster, but there are ways to avoid it. Here are some tips to prevent common moving pitfalls and make your transition into a new home as painless as possible.
Lack of money. Whether or not you hire movers, you will spend money when you move. There are things such as truck rentals, shipping costs, tape and moving boxes, time off from work, gas expenses and sometimes even plane tickets. Begin planning well in advance, and budget extra money for emergency expenses. You never know what problems might sneak up on you. Be prepared. You also might want to check your homeowners or renters insurance to see if your belongings are covered while in transit. If you are hiring movers, get several quotes so you know you're getting a good price.
Lack of time. Certain times of the year are busy moving times. Professional moving companies can get booked up, so book in advance to be sure that your moving needs will be accommodated. Before moving day comes, plan your time out and know how long you will spend doing particular tasks. If you're counting on moving everything in one day, be sure that it is a realistic timeframe. Some professional movers will pack your stuff into moving boxes for an additional fee if you're particularly rushed.
Having too much stuff. You might be attached to your cinderblock collection, but do you really need it? As a rule, try to sell or give away things you haven't used in the previous 12 months. The fewer things you have, the easier and more streamlined your move will be. If you need to put things in storage, make sure they are in stackable, sealed boxes to keep dust and rodents away.
Measurement Issues. Uh oh. The fridge is too big to fit in the front door. Measure any large object or appliance, and be absolutely sure it will fit through doorways and into its final resting place. It would be a shame to haul your brand new Frigidaire from Tallahassee to Walla Walla, only to find it doesn't fit in your new kitchen.
Get Good Directions. If you're moving to a new, unfamiliar location, meticulously map everything out and have multiple copies of your directions. Driving an over-sized rental truck is stressful enough on its own, and doing it in an unfamiliar city is sure to add even more stress. Driving the truck in an unfamiliar city with bad directions be akin to a disaster. Check and double-check your directions. If you use an online navigational tool such as Mapquest, check the directions against a map, and keep an atlas with you at all times.
Make Sure You Eat. It sounds obvious, but people often forget to take care of their needs when they move. You won't have access to a refrigerator full of food while you move, so plan ahead and pack sandwiches or budget money for restaurant food. After full days of hauling your belongings, you'll be ravenous.
Moves can be very emotional, unforgettable experiences. If you have children, have fun by taking pictures and videos of the move. They'll feel like a part of the experience, and you'll have great memories for years to come.
About the Author:
It's important to be very prepared and organized when you move. Be sure to make a lot of lists, and have plenty of spare moving boxes on hand. This and other unique content 'Moving Boxes' articles are available with free reprint rights.
External Links
Interiordec.about.com
Wisegeek.com
Upack.com
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Gotten Some Bad Credit On Your Permanent Record?
You've been slapped with a bad credit rating. Is it the end of the world? Not at all.
People are slapped with bad credit ratings for several reasons. In many cases, it's through no fault of their own. As an example, you might get a bad credit score just because someone at the credit bureau itself mistakenly entered inaccurate data. It may also be that you have a very common name, for example, and someone sharing your name defaulted on a loan, went into bankruptcy, or had some other financial hardship situation, and that person's information got entered in your credit report. Other situations include a recent move, where a credit card bill got lost in the mail and you forgot to pay it. Although this can be expensive, it's an honest mistake. Certainly, it should not so adversely affect your credit report.
If your credit rating is less than good, it doesn't mean that it will be this way forever. You can begin to fix the situation almost immediately, but you have to do some work to accomplish this. Now, if you're constantly behind in financial payments or if you have other financial struggles that you've always dealt with because of poor money management, then you will not have a quick fix. In this case, credit counseling may be the best option for you to consider.
As evidence that bad credit is prevalent and common, the US Trustee Program of the Department of Justice has approved credit counseling agencies to help people with bad credit problems. You can go to their web site at: www.usdoj.gov/ust/eo/bapcpa/ccde/cc_approved.htm. In the box where it says "approved agencies by state", you enter the state or district you live in and click "go." You get a list of credit counseling agencies that are available in your area.
Why do People Have Bad Credit? Just as natural disasters are phenomena that humans can't control, bad credit is one of those things that you can't control either - but only up to a certain extent. By this we mean that errors are committed by third parties like in the examples we cited earlier. Many are a result of clerical error.
Other reasons you might have bad credit is if you lose your job or are laid off. Unforeseen, this is an increasingly common situation in today's job environment. In turn, this will affect how and when you can pay your bills, so even if you've been a very responsible consumer previously, if you suddenly have substantially reduced or no income. You will have great trouble paying your bills and therefore will look irresponsible, even though the actual difficulty is through no fault of your own.
A second reason this may occur for you is if you are suddenly facing foreclosure for your home. Even people with steady jobs face this situation, since many bought overpriced homes in the previously inflated market through lenders who were willing to cut corners to help them buy homes they really couldn't afford. Many of these homes also had such risky elements as adjustable-rate mortgages, where the rate starts out at a very reasonable level and which the homeowner can pay easily. Then, however, rates can suddenly spike and this can increase the mortgage payment by hundreds or even a thousand or more dollars a month. Facing these types of situations, even homeowners who have previously been responsible about making mortgage payments are suddenly faced with a mortgage they cannot pay. In this case, foreclosure is often the only way the situation can rectify itself.
Yet another situation you might find yourself facing is divorce, which can also adversely affect your credit rating. In fact, many credit counselors say that this is a very common reason to suddenly have a bad credit rating when it's previously been good. In divorces, of course, assets must be divided between former spouses. In addition, there are often alimony and/or child support payments to make as well. Therefore, income that previously was entirely adequate suddenly isn't enough.
Failing health can ruin a lot of credit ratings - people who fall ill unexpectedly or are suddenly suffering from a disability will not be able to continue working. We see here a domino effect: loss of health = loss of job = loss of earning potential = limited cash
Finally, over-stretching one's credit limits can do the most damage- it amazes us how people's wallets are overflowing with plastic. Instead of keeping one or two credit cards, they have 10! In addition to the usual cards like MasterCard, Visa, Diner's and American Express, they also have credit cards from department stores, gas stations, and other retailers. When one card is maxed out, they simply use the next one.
Avoiding Bad Credit Here's the golden rule on bad credit: before making any major purchases, request for a free copy of your credit report from Equifax or TransUnion. When you read something that you believe is false or inaccurate in the report, write a letter immediately and ask for proof or ask that the report be corrected immediately. Whatever you say to the credit bureau should be executed in writing. This is the only way you can show proof that you acted in good faith. Don't wait for weeks before questioning your credit report.
To further avoid bad credit and maintain healthy credit rating, you should :
Carefully track income and expenses. If you do this over the course of a month, you'll find many places, doubtless, where you overspend and can very easily cut back. For example, if you buy your coffee on the way to work, make it at home and take it with you. If you eat out, take your lunch. These two simple steps can easily save you as much as $100 a week or even more. To determine just how much you should be spending, make a budget. First, determine what all of your basic necessary expenses are. These include mortgage or rent payments, car payments, student loan payments, food, basic utility and fuel expenses, insurance, and the like. These expenses should comprise no more than 60 or 70% of your total take-home income. Your mortgage and home expenses should cost you about 30 to 35%, or about half of your basic "must have" expenses. Of the 30% or so remaining income, you should be saving 10 to 15% in retirement and investments if under the age of 35, or 20% if over 35.
Try to only spend less than 10% on "frivolous" expenses. Those things that you simply "want", but don't really "need"!
When you pay off debt, pay off the highest interest rate cards first. To do this, make the minimum payments on all of your other cards, then take the highest interest rate card and put all of your available "debt" cash toward that payment. Do this until you have paid off your highest interest rate card, then go on to the next. Make minimum payments on all of the lower interest rate cards, then take your highest interest rate card that still has a balance on it, and pay as much toward that as you can. You'll soon see that you can be debt free very quickly, as long as you practice discipline and diligence.
Finally, pay all bills on time - this applies to your mortgage, utilities, taxes and other bills. If you miss making punctual payments too frequently, this oversight on your part will be reflected in your credit report. Bad credit is no reason to panic. Be vigilant over your credit report, be prudent in your spending and be disciplined in respecting your budget.
About the Author:
Steven J. Talrechi has authored articles about credit reporting and fair credit practices for over a decade. His specialty is helping people obtain a second chance checking account and second chance bank account when they have been turned down by banks. You can get a unique content version of this article.
See Also
Bad credit loan needed?
Bad Credit Unsecured Personal Loans
Bad Credit Loans: An Instant Fix to your Doubtful Credit
External Links
Badcreditoffers.com
Consumerbadcreditguide.com
Reallybadcreditoffers.com
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Plastic Surgery Financing Vs. Using A Credit Card
If you're looking into cosmetic surgery, the biggest obstacle is most likely financial. Plastic surgery for procedures such as breast augmentation, tummy tuck, rhinoplasty and facelift are quite costly and not easily afforded by many. There are many fees involved that can include the surgeon's fee, hospital and facility fees, anesthesia and medications that are all out of pocket expenses not covered by medical insurance. These fees may total between $7000 and $10,000 and in some cases can even add up to much more.
Two of the most popular and easiest ways to finance cosmetic procedures are with the use of credit cards and plastic surgery loans. Plastic surgery loans are loans tailored specifically for potential cosmetic patients seeking plastic surgery. Often these companies will work directly with physicians and plastic surgery clinics to help patients in getting approval for plastic surgery financing. There is often a much more personal touch involved in dealing with a company financial representative, and you're also likely to get quick and easy approval. Many times you can even be approved before leaving from your initial cosmetic consultation visit.
It is usually easier to quality for plastic surgery loans than for other forms of credit, including credit cards, and these types of loans will often qualify you for much larger amounts in comparison to credit card limits. Interest rates are often very similar ranging from an average of 14% to 20%, with some cosmetic surgery financial companies offering rates as low as 8 or 9% for those with excellent credit. You should also look to see if any companies are offering a no interest grace period. You can sometimes find plastic surgery loans at 0% interest for up to 12 months.
Another advantage to plastic surgery loans are the specific repayment terms. These are often set up for periods of 12, 24, 36, 48 or 60 months. In this way, you have a set schedule of minimum payments due until the loan is paid. Credit cards may let you pay less per month, but this will end up costing you much more money in the long run due to extended period of time that interest will keep adding up and will keep you burdened with your cosmetic surgery debt much longer.
If you're looking to have cosmetic surgery, plastic surgery loans are an option to consider for financing your operation. Be sure you are able to take on the amount of debt you are borrowing without it becoming a large financial burden to you. You'll also need to make sure you are well informed on all terms and conditions of the loan you take out and any additional loan fees that may be attached to the original loan amount. You need to make a well informed decision with the right loan for you and your particular financial situation. If you do, plastic surgery loans are a great financing option and can make your dream of a better body a reality through the innovation of plastic surgery.
About the Author:
Canada's principal lending institution for elective medical care for cosmetic surgery loans, cosmetic surgery financing, breast augmentation, liposuction, laser vision. Finance your medical procedures through low monthly plans with no down payment or collateral. You are welcome to reprint this article - but get your own unique content version here.
See Also
Which credit card debts should you pay off first?
Low Interest Rate Credit Cards - Canadian
Credit Card Comparison Canada
External Links
Biopipe.org
Plasticsurgeryfacial.com
Cosmeticsurgerytoday.com
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A Look At Secured Debt Consolidation
One of the most effective ways of dealing with multiple debts such as credit cards and department store financing is with a debt consolidation loan. In a lot of cases, you'll need to offer some kind of collateral to secure these loans, such as your house or your car.
There are quite a few places to look for consolidation loans. Most large cities have consolidation lenders that specialize in this type of financing. Or you can find many companies on the internet.
At the early stage when you're researching options, the internet can provide a lot of value. There are plenty of websites out there where you'll get detailed information about debt consolidation and they make is easy to compare services when choosing an agency.
Consolidating multiple debts into a single loan means you only need to worry about one payment every month instead of several. Plus, the interest rate is almost always lower so you'll save money in the long run.
When you're looking for a consolidation loan, your credit score will have a bearing on how easy it is to find. If you have a poor credit score, you will likely have to secure your loan with appropriate collateral and you may have to pay a higher interest rate than someone with a better credit rating.
Collateral is usually some type of personal property that has a significant value, equal to or greater than the amount of the loan. Obviously, the value of your collateral will affect the size of consolidation loan you will qualify for.
Once your loan is in place, you use that money to pay off all your current debts which leaves you with just the single payment every month.
At this point the most important thing is to pay that off as quickly as possible, and not charge up more debt on your credit cards.
About the Author:
How do you know if credit card consolidation is the best way for you to pay off your debt? Visit the Debtopedia website at http://www.debtopedia.com to find out more about it and see whether if it's the best choice for you. This article is available as a unique content article with free reprint rights.
See Also
Are Free Debt Consolidation Firms Really Free
Debt Consolidation vs Debt Settlement
Tips On Selecting Debt Consolidation Services By Jimmy Smith
External Links
Thinkmoney.com
Debtconsolidationavenue.com
Daveramsey.com
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Why Arrange Life Insurance Cover?
One thing none of us want to think about is our own deaths. Beyond the fact that we'd no longer be able to experience life, we can also leave our families with huge obligations. From loans, mortgages to more complex expenses that our passing would force our families and loved ones to cope with; doesn't it make sense to have protection?
To sort these financial problems out, you need life insurance. It's the one definite way that something positive can come out of a bereavement and it is a suitable policy for most people. It is simply a case of determining how much life insurance is suitable, and this can be based on a person's dependents and business situation.
Beyond funeral expenses, many of us provide valuable contributions to our families. If a family looses the primary care giver for its children, someone will have to provide care. This can come in the form of a nanny or other person who will need to be paid. This represents a financial burden that can ruin all financial planning.
Life insurance is a protection against unforeseen events. None of us plan on passing on, yet random occurrences happen every day. Because these events can happen and people are counting on you, both for emotional support and for what you can bring to any sort of commitment; it's important to make sure that they will be protected against anything that could happen to you.
Life insurance is a way to save money, for instance with the funeral itself which can often cost in excess of 7,000. If that is paid for by the policy then the money which would have had to be found by the grieving family can be put to other uses.
That's an even better reason to have life insurance. Having to produce the 7,000 for a funeral, in addition to other liabilities might be passed on is a huge burden that can force loved ones out of their home and cause horrific amounts of chaos.
Property, the estate of those who die, can be heavily taxed, as much as 55% and is worth reading about inheritance tax. But life insurance can alleviate further problems and stop your inheritors losing out to taxes.
Non of us want to pass on and as traumatic as our passing might be, responsible planning can prevent our friends, family and loved ones from going through financial grief at our passing. We won't always be around to protect them, but we can allow them to get on with their lives without paying our liabilities.
Life insurance always seems like a great expense but when you are gone your family can't afford not to have it.
About the Author:
Get what you need from your life cover plan use the experts for no obligation realtime low cost quotes for life insurance cover This article is available as a unique content article with free reprint rights.
See Also
Transamerica Life Canada - Canada
Equitable Life Insurance - Canada
RBC Life Insurance - Canada
External Links
Ezinearticles.com
Buzzle.com
Financialcrisis2009.org
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Tax Breaks For Car Donations
Donating a used vehicle can be a great way to support your favorite charity. The charity will certainly thank you, and the government will, as well. Your generosity can be recognized with a special tax deduction, but certain requirements can apply when realizing this type of tax break.
There are policies regarding vehicle donations that may not be as straightforward as with other charitable contributions. The amount of tax relief you can receive is dependant on the value of your donation, and how the charity intends to use the vehicle. You may not even be aware of your full tax deduction amount at the time that your donation is made.
Since 2005, changes have been made to the statutes for tax deductions applied to vehicles donated to charitable trusts. If the declared value of the donated vehicle exceeds $500, and the vehicle is placed for sale by the charitable trust, the taxpayer is limited to claiming the gross profits from the transaction.
If you would like to benefit from this type of charitable donation, you'll need to keep the following points in mind:
Itemized Deductions
To take full advantage of the deductions available for your car donation, you need to itemize your deductions. Those who claim standard education are not able to benefit from this clause.
Claim the Fair Market Value
When making your claim, deduct the fair market value of the vehicle. This amount takes into consideration the condition of the donated vehicle. You may not claim the full value of the car.
Estimate the Fair Market Value
Various factors must be considered in determining the value of your car. Refer to a used car guide for precise instructions to find your vehicle's value. Adjustments should be made depending on accessories, mileage and other indicators of its general condition.
Check Your Charitable
The charitable trust must qualify with the tax department in order for you to receive a tax benefit. A good place to find a complete list of recognized charities on with Publication 78, available online and in public libraries.
Filing Your Charitable Contribution
When claiming a tax deduction for your vehicle donation, it is essential to keep good records. Be sure to keep and record all receipts and forms related to the car donation, and its fair market value.
If you are a taxpayer in the United States and you've donated a vehicle to charity, contact the IRS at 1-800-829-1040 to find out if your contribution is tax deductible. If you think that someone has sought your contribution for deceitful purposes, speak with an appropriate state charity official at the state Attorney General's office.
If you have a spare vehicle, consider donating it to your favorite registered charity. The organization, and the taxman, will thank you.
About the Author:
Columnist firstname surname is an essayist for numerous car sites, on buy used car and buy used car cheap subjects. Click here to get your own unique version of this article.
See Also
What is Income Tax?
Bankruptcy - Bankruptcy and Child Tax Credit
How Your Mortgage Can Lower Your Tax Bill
External Links
Givecars.com
Bankrate.com
Ezinearticles.com
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How Credit Card Counseling Can Help You Get Out Of Debt
Sometimes things come up that are out of our control and we need to use a credit card for the purchase because we don't have the cash on hand. Other times, we just have to have the latest toy or gadget and use a credit card to buy it. But when the bill comes due, it can be unpleasant.
If we let things get too far out of hand, the result can be a large amount of credit card debt and no means to pay it off. It ends up costing a ton of interest, in some cases for years after the purchase was actually made. If this is a problem for you, there are places you can turn.
The first step you should take is to call your credit card company and see if you can get them to give you a lower rate on your card. There are two ways to approach this. The first (and easiest) is to just call your credit card provider and ask them for a better rate.
They'll tell you within seconds if you qualify for a better rate or not, and you'll be surprised at how often you will get it simply by asking.
The other thing you can do is to apply for a new credit card with a lower rate. You can then transfer the outstanding balance from the original card to this new one and save money on interest.
Apply Today! DIY Credit Repair Ebook for Canadians - Part 2
Credit Counseling is another option for managing your credit card debt. There are many credit counseling services that can help you work with your current creditors to get a better rate and more reasonable repayment schedule. These services deal with the credit card companies on a regular basis, so they can often succeed where you might not if you call them yourself.
The cost of these services varies. In some cases, you'll be able to find free services that will work with you. You provide them with all your credit card information as well as other debts you might owe.
They'll take that information and work out your optimal payment plan. If your credit card debt is stressing you out and you're feeling overwhelmed, don't keep struggling to stay afloat. Talk to a credit counseling service and see what they can do to ease your anxiety.
About the Author:
If you're looking for ideas for reducing credit card debt, check out the Debtopedia website at http://www.debtopedia.com. You'll find plenty of helpful advice to get rid of credit cards and other debts, while saving interest in the process. Get your own completely unique content version of this article.
See Also
Credit Counselling Society - Canada
Credit Counselling Service (Ad)- VIDEO - Canada
What You Need To Know About Consumer Credit Counseling
External Links
Consumercredit.com
Cccsstl.org
Myfinancialgoals.org
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Travel Insurance To Cover Medical Needs
Even though there are many reasons to purchase travel insurance, many people do not feel they need it when traveling in their country or origin or when traveling overseas. But if an emergency does occur, your medical insurance may not cover all of your expenses. This means you will have to pay the remainder, which could be thousands of dollars. If you can afford to make these types of payments, then you may not need additional insurance, but if you are on a fixed budget, you may need to purchase property and insurance for business and vacation travel.
Travel insurance can be purchased through companies that specialize in providing travelers with the insurance they need. Before signing a policy, read over it carefully and research the company to make sure they have a good reputation. If the coverage is not enough, you may be able to upgrade to another plan. You can opt for long term or short term insurance plans that allow you to be covered for a certain amount of time. For those who travel abroad often, long term plans may be more cost effective.
After finding a plan that meets your needs, make sure you pack all contact information and have it readily available in case of an emergency. Even if you need to cancel your trip or postpone it, you can use the insurance to avoid paying additional fees. When planning an expensive cruise or vacation, having this insurance will allow you to retrieve your deposit and help you cover any other costs.
Investing in travel insurance is a smart idea if you plan on staying in another country for an extended period of time. Students studying abroad, those traveling for business, or those who have family in another country, can purchase annual insurance policies that cover them for a longer period of time. In case of an emergency, they can provide proof of health coverage and be treated quickly.
About the Author:
Kurt Schefken routinely produces web pages on areas associated with Altea and Torrevieja. His articles on spanish property costa blanca are found on his site . You are welcome to reprint this article - but get your own unique content version here.
See Also
Mortgage life insurance in Canada
Cheap Life Insurance in Canada
Whole Life Insurance Canada
External Links
Ezinearticles.com
Teamlifeinsurancequotes.com
Msnbc.msn.com
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The Benefits Of Personal Financial Planning
So what is the role of personal financial planning? Quite a mouthful, but to paraphrase it, it simply begs the question of "What is personal financial planning" and "what can it do for me?". So what should your personal financial plan entail? The following information should be taken as a guide only, and individual circumstances differ from one to another.
In its most basic form, personal financial planning take into consideration the following areas: budgeting, savings and investment, insurance, management of "big-ticket" items, cash-flow management. Any decent financial education book will inform you that a good financial plan begins with budgeting. How true. Budgeting enables you to decide how much you can spend and save. The main objective, of course, is to enable you to create excess money that can be used for your savings and investment.
Savings and investment are similar, yet different in its objectives. Both are money left over; after your expenses are deducted from your income, and kept for certain objectives. But that is where the similarity ends. The difference between both lies mainly in their objectives and time frame. Essentially, savings are meant to be and can be withdrawn at a moment's notice or within a short time-frame. The returns from savings tend to be quite low. Just think of how much your bank savings account can get you. Investments tend to be less liquid (depending on the type of investment instruments) and have a longer time frame. The returns from investment can be much higher than savings, but so is the risk level. Depending on the type of investment, one may lose even the capital sum.
Proper personal financial planning should definitely include insurance. One main area of the role of personal financial planning is to make sure that one has the ability to carry on living in case of some unforeseen and unfortunate event. Basically, insurance provides a safety net to provide the necessary funds when one meets with events like accidents, disabilities or illnesses. One main contribution of insurance is that it helps provides peace of mind, knowing that enough funds are at hand in the event when things do not go the way it should be. This peace of mind leaves one with the energy and confidence to move forward.
You should think very carefully when purchasing "big-ticket" items. These things could be essential like houses or cars for transportation. Yet others may be considered luxury items like expensive sound systems and many other things. There is no right or wrong answer on what one should purchase. Everybody makes purchases for something for their own reasons. But the general idea in personal financial planning is never to put out cash for something you cannot afford.
Making purchases on credit is usually not a good idea. The credit card companies do a marvelous job of convincing us that spending on credit is alright and that we should not delay our purchases until we can afford to buy them in cash. Spending future money (that is what spending on credit means), and in the process chalking up consumer debt is really not sound. Usually, the right choice will be to delay the purchases until you can afford to buy them with the money you already have.
There are of course exceptions to this rule of thumb on financial planning. But the exceptions are not many. One main exception is the use of credit to purchase a property to stay or for investment. Not many people can afford to pay up a house purchase at one go. A person may have to wait a whole life-time if he intends to wait until he can fully pay for it in one lump-sum cash. Buying property for investment may be a good idea if you know what you are doing. The essential is that what you pay to the bank in bank loan and interests is more than offset by the returns on the property purchase. This is the concept of using "other people's money" to make money for yourself. There are a lot more details to look at in this type of investment. So do proceed with much caution.
The role of financial planning is simply this - to enable you to follow your own personal financial plan based on your own financial and non-financial circumstances so that your financial objectives at various stages of your life can be achieved. It helps to minimise the unexpected, so that one would not meet with financial disasters like nightmares come true.
Ignore personal financial planning at your own peril - the price to pay could be your financial freedom!
About the Author:
Ready to embark on some serious personal financial planning? Don't worry, get more resources and tools from our portal on investment. Go check out the complimentary bonuses as well. You can get a unique content version of this article.
See Also
Financial Planning Retirement Seminar - What To Look For
What is retirement planning?
Canadian Bloggers, Writers, Podcasters Wanted
External Links
Allbestarticles.com
Financialplan.about.com
Northerntrust.com
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Role Of Personal Financial Planning
So what is the role of personal financial planning? Quite a mouthful, but to paraphrase it, it simply begs the question of "What is personal financial planning" and "what can it do for me?". So what should your personal financial plan entail? The following information should be taken as a guide only, and individual circumstances differ from one to another.
Basically, personal financial planning will take into account the following areas: budgeting, savings and investment, insurance, management of "big-ticket" items, cash-flow management. A good financial planning book will let you know that a good financial plan starts with budgeting, and it is true. A budget enables you to decide how much you can spend and keep. Of course, the main idea is to ensure that your outgoings (expenses) do not exceed your incomings (income). This will create excess funds with which to save and invest.
Savings and investment are similar, yet different in its objectives. Both are money left over; after your expenses are deducted from your income, and kept for certain objectives. But that is where the similarity ends. The difference between both lies mainly in their objectives and time frame. Essentially, savings are meant to be and can be withdrawn at a moment's notice or within a short time-frame. The returns from savings tend to be quite low. Just think of how much your bank savings account can get you. Investments tend to be less liquid (depending on the type of investment instruments) and have a longer time frame. The returns from investment can be much higher than savings, but so is the risk level. Depending on the type of investment, one may lose even the capital sum.
Insurance must definitely be part of robust personal financial planning. A big portion of the role of personal financial planning is to make sure that one has the ability to carry on living in case of some unfortunate events, both big and small. In essence, insurance provides a safety net to provide some form of financial assistance when one meets with events like accidents, disabilities or illnesses. One major way which insurance can help is that it also provides peace of mind, knowing that financial assistance is at hand in the event when things do not go the way it should be. This peace of mind leaves one with the energy and confidence to move forward to do the things we need to do.
You should consider carefully when purchasing "big-ticket" items. Some of these items could be essential like houses or cars for transportation. Others may be considered luxury items like expensive sound systems and dozens (even hundreds) of other things. There is no right or wrong answer on what one should buy. Everybody buys something for their own reason. But the rule of the thumb in personal financial planning is never to buy something you cannot afford.
Buying things on credit is usually a bad idea. The credit card companies do a great job of convincing the average folk that spending on credit is alright and that we should not delay our purchase until we can afford them in cash. Spending on credit, and in the process chalking up consumer debt is a bad idea. The prudent choice will be to wait until you can afford to buy the things you want.
There are, without doubt, exceptions to this rule of thumb on financial planning. However, the exceptions are far and few in between. One main exception is utilising credit to buy a property to stay or for investment. Very few people can afford to pay up to buy a house at one go. An individual may have to wait a very long time if he intends to wait until he can fully pay for it in one lump-sum cash. Purchasing a property for investment may be a good idea if you know what you are doing. The nuts and bolts of it all is this - what you pay to the bank in bank loan and interests is more than offset by the returns on the property purchase. This is the idea of using "other people's money" to make money for yourself. There are plenty more details to look at in this type of investment. So do be cautious when doing this.
The role of financial planning is simply this - to enable you to follow your own personal financial plan based on your own financial and non-financial circumstances so that your financial objectives at various stages of your life can be achieved. It helps to minimise the unexpected, so that one would not meet with financial disasters like nightmares come true.
Ignore personal financial planning at your own peril - the price to pay could be your financial freedom!
About the Author:
Ready to embark on some serious personal financial planning? Don't worry, go check out our site on investment. Go check out the complimentary bonuses as well. You can get a unique content version of this article.
See Also
Financial Planning Retirement Seminar - What To Look For
What is retirement planning?
Canadian Bloggers, Writers, Podcasters Wanted
External Links
Allbestarticles.com
Financialplan.about.com
Northerntrust.com
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A New Year And A New Financial Plan
As a financial planner, I can tell you that planning ahead is the key to meeting your financial goals. That being said, things can slip through the cracks during the hectic lives we all tend to live.
Financial issues tend to fall through the cracks of our lives because there simply isn't sufficent time to sit down, take a deep breath and figure them out. Ah, but there is. The last week of each year is a lull, which means you need to get cracking.
Getting your financial plan in order is all about being organized and updated. Organization is a subject we'll leave for another time, but updating your personal profile is something people consistently fail to do.
If you are being prudent, you should update your finacial outlook each and every year. What was sufficient or necessary last year, may not be this year. Then again it might. The only way to tell is to review everything.
This gives rise to the rather obvious first question to ask yourself. What changes occurred in the past year that I didn't anticipate? How did these changes impact the planning I have undertaken? Do I need to make changes?
So, what kind of changes are we talking about here? Well, the most obvious is the addition of a family member. No, not your bum brother. A child! Having a child is a glorious occasion, but it makes you grow up fast financially and personally.
The most obvious issue is your monthly cash flow. You have one more mouth to provide for and handle on a daily basis. Do you have room in the house for them? Do you need a new car or will you have room for your current family plus one?
Ah, but what about the long term? With a newborn, you need to consider how you will put them through college. What about life insurance in case something happens to you? You should have a will and trust. Now is a good time to update them.
The example of a child is an obvious example, but there are plenty of others. What if you lost your job during the year and now have a new profession? What if you started your own business? These are major changes.
At the end of the day, there is only one person responsible for your financial planning. Yes, you are that person. The end of the year is a good time to review your planning. You can do it during other times, but make sure to do it at least once a year.
About the Author:
Barry Waxler is a financial advisor with UFCAmerica.com. Click here for other unique 'year' articles.
See Also
Role Of Personal Financial Planning
Retiring with a firm financial foundation
7 Ways to Calm Your Mind and Get Control of Your Finances
External Links
Financialplan.about.com
Allbusiness.com
Learnfinancialplanning.com
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Your Guide To Bad Credit Repair
There is no doubt that having less than stellar credit can limit your options when it comes time to purchase something that you want or need. Unfortunately, some people have resigned themselves to the fact that their credit standing will never change, and therefore are forced to live without the things that they need or desire. Fortunately, you will be glad to know that bad credit repair issues can in fact be resolved if the proper steps are taken.
Without a doubt, poor credit can limit your purchase options to be sure. It may also contribute to many sleepless nights, which almost always lends itself to a stressful lifestyle. It is not uncommon for friends and relatives to offer you their opinion or advice on how to eliminate your bad credit standing; regardless of their good intentions, more often than not your best bet is to resolve your own credit issues yourself.
Apply Today! DIY Credit Repair Ebook for Canadians - Part 2
Jump Start Your Credit Repair
Bad credit repair can be accomplished in a number of ways and once you understand these ways and get the hang of it, you can do it yourself. One of the first steps to take is to request a copy of your credit report from all three credit bureaus including Equifax, Experian and TransUnion. Once you receive all three reports you should reserve some time to review them carefully and write down any errors you notice as well as make note of false, duplicate or incorrect entries.
Paying a visit to the Federal Trade Commission website ( www.ftc.gov) is the next step in the credit repair process. This site will help you understand your consumer credit protection rights and how to utilize those rights to your advantage.
Once you become aware of your credit rights as a consumer you will discover that you can even get incorrect as well as incomplete entries to be removed from any or all of your credit reports, which will go a long way in your quest to repair your bad credit. In fact, ensuring that your credit reports are true and correct must be done by credit agencies if they don't want to end up paying penalties.
Time for Solutions
The next step may sound like a pain, but it really does not take as much time as you think. Anyway, your next task is to evaluate your credit reports extremely thoroughly. Write down any inaccurate, false, or duplicate entries that you see on any of your credit reports. Once you have your disputes well documented, write a letter to the credit bureaus that you have an issue with. This action on your part will go a long way in resolving your bad credit repair issues. In addition, make sure that you monitor or keep track of the progress of your disputes to help ensure that your credit does indeed get repaired.
Handling credit issues with the credit reporting agencies often takes a little time. As a rule of thumb, allow one month or longer for your complaints to be processed and verified by the lenders or creditors. When the creditors have acknowledged or verified your disputes, it is up to all three credit reporting agencies to update your credit reports accordingly.
With a little spunk, determination and tenacity you can resolve the bad credit repair issues that have been haunting you for quite some time. And with the proper guidance and suggestions, within a short time frame you could see your credit standing improve immensely. Sure, you may have invested a little time to resolve your bad credit repair issues, but the important thing is that you didn't invest any money.
As a final thought, to help maintain your credit standing, please do not request a copy of your own credit report too frequently. The problem is that every single time you, or a creditor, ask for credit information contained within your credit report, it is counted as a credit inquiry by the credit bureaus. Fair or not, the credit agencies can reduce your credit score if too many credit inquiry's take place within a particular span of time. Generally speaking you should not allow more than two credit inquiries within a single year.
See Also
FAQs about credit repair in Canada
Credit Repair EBook for Canadians
Credit Repair in Canada: Improve Credit Scores
External Links
Tulsaworld.com
Ezinearticles.com
Dotssmallgallery.net
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Credit Rating Scores And How They Affect Credit Card Applications
Do you constantly get your mailbox stuffed with a bunch of credit card offers? A lot of people do. It's gotten easy for most people to apply for a new card, because there are so many companies that are eager to benefit from your spending.
But offers are one thing; getting approved for a new card, on the other hand, that's another story. Credit card companies usually have strict requirements, even if they seem to send credit card offers to just about anyone. One of the things they pay close attention to is credit rating scores.
Regrettably, if you don't have good credit rating scores, you can't expect to have them change overnight. If you want to improve your scores, you need to work at it, just like anything else. Once you have your credit score built up, it will be easier to get approvals for applications.
You may ask yourself, "How can I improve my credit rating scores if that is the first requirement to obtaining a credit card?" To get the ball rolling, here are three tips to follow.
The first thing you can do is pay your bills and on time. To prevent credit rating scores from dropping, and to be approved for a credit card, all of your bills need to be paid on time.
But of course, things happen and maybe one day you'll make a late payment. One late payment isn't the end of the world, though. You can get your credit rating scores up again over the next several months, if you make a point to pay your bills on time.
Have you ever been tempted to cancel old credit cards you never use? As odd as it may sound, this is really not the best thing to do. Each and every credit card you own just keeps contributing to your credit score. A credit card shows potential lenders that you have funds to pay them back if necessary.
So the second tip is to keep old credit cards, but don't use them, even if you are still paying on them. As your bills are paid, your score will increase, which will make it easier to apply for a new card.
Another thing to keep in mind is to never max out your credit card when you use it. Your credit score will more than likely plummet if you use up more than 50% of your limit.
Staying below 50% will not only help you maintain a higher credit score, it will also help you maintain bills. Hopefully, these few tips have helped you understand how your credit rating scores affect your eligibility for a new credit card. Now go out there and get that credit score up.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Ehow.com
Statssheet.com
Myfico.com
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Online Real Estate - Great Potential
Buy Your Home Online
If there has been one major change in the real estate investment industry over the past 20 years, it has been in the way you can now buy your home. It is possible to purchase nearly anything online, from the smallest trinkets and jewelry to a massive business property located miles from where you live.
The term many apply to this method of home buying and real estate investing is "ecommerce." Property owners, managers and agents are now using auctions and real estate listings on the World Wide Web to move property from one person to another. But this path comes with some risks not found in the more traditional face to face, hometown sale of real estate. As most successful online investors state, the new investor must become knowledgeable about the methods and details before committing any money.
One of the limiting factors with property for sale online is the ability to inspect the property in person. Pictures may be worth a thousand words, but with home buying, photographs are generally not worth the thousands of dollars that can be lost by relying only on the picture. In fact, some unscrupulous sellers have taken advantage of new methods to change their photos, so that the home or building looks much better than it actually is. The seller will almost always concentrate on the positive aspects of the home or property and may not mention the negatives at all. If a photo can be changed to hide the negatives, it is better for the seller, not the buyer!
With online purchase of land or building lots, it may be necessary to ask about the utilities (water, sewer, natural gas, electricity). If these items are not mentioned in the description, it would be wise to make sure that they are included. Some properties come with utilities in place. Others have limited utilities or none at all. Tip: Make sure you know what is included, especially if you are not able to see details in print.
Ask anyone about real estate and, of course, they will tell you that the three most important things are location, location, location. This is of particular interest to those attempting to buy or invest in real estate online. Wise and successful buyers and investors devote plenty of time to learning about the neighborhood and general location of any home or other real estate they are interested in.
A couple of other details to keep in mind when considering a home purchase online. Take a few minutes to learn about binding and non-binding contracts. While these terms are generally not as restrictive as those made on paper in the banker's office or attorney's office, they do have some meaning for you. If you make a binding bid and back out, this can have negative impact on you for future transactions with the online auction process. Pay attention to the details and use some good, old common sense when attempting an online home purchase.
See Also
Real Estate Bubble – What's In A Name?
What is the best option for real estate investing
Making Real Estate Investing Work When Married to Your Partner
External Links
Creonline.com
Zillow.com
Redfin.com
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Buying Life Insurance - What Are They Talking About?
Life insurance is one of those things you need, but probably not something you look forward to buying. Make half an effort and you can save money by getting the best product for your situation.
A classic sketch of a conversation with a life insurance agent would show the person trying to buy a policy with their eyes glazed over. Why? The terminology being used is confusing. Well, let's change that by discussing some or the common terms used.
The Accumulated Value is a phrase used in a Universal Life Insurance Policy to describe the total premiums paid and interest credited to the policy before deductions for any expenses, loans or surrender charges.
The Amount At Risk on a policy is something insurers pay close attention to. It is the difference between the face amount of a Whole Life Insurance policy and the cash value. The amount at risk is the difference, to wit, the figure the insurer will have to pay out.
When you buy an insurance policy, you will be asked to designate a Beneficiary. This is the person that you want to receive the funds that will be paid out from the policy on the death of the life insured.
A Cash Refund Annuity is one with a catch up element. If you pass away and the total annuity payments are less than what you have paid in total premiums, the difference is paid to the beneficiary you have designated.
Many modern insurance policies contain a Contestable Clause. This gives the insurance company up to 2 years to void the policy if they find evidence that would have resulted in the rejection of the policy application when originally made.
To really understand what you are getting into, you need to grasp the Cost of Insurance. This is the amount you pay in premiums minus what you get from the policy. It is a simple calculation with term insurance, but more complex for policies that build up cash.
A Decreasing Term Policy is a creative product. As time passes, the death benefit decreases until it zeros out. This is often used to match the repayment of a large debt such as a mortgage. As the mortgage is paid off, there is less need for an insurance policy.
A Waiver of Premium clause is something you should try to include in your policy. The waiver essentially says that if you become disabled, no further premium payments must be made. Coverage, however, continues.
A Universal Life Insurance Policy is another pillar of the insurance industry. It is an adjustable policy with a flexible premium. You can choose what you can afford to pay at a given time and a corresponding death benefit is generated. This can be adjusted from time to time.
Variable Contracts represent another pillar of the life insurance industry. These policies come in the form of annuities or straight life insurance. Cash builds up in the policy and may be invested in stocks or mutual funds and so on.
Many people make the mistake of assuming their agent will suggest the best policy. Agents will try, but how intimately do they know you? Make sure you take an active role in the selection process to avoid getting stuck with something you don't want.
See Also
Life Insurance Settlements in Canada
What are Life Insurance Quotes?
Canadian Term Life insurance quotes Canada
External Links
Nationwide.com
Today.msnbc.msn.com
Getrichslowly.org
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Using An Agent When Buying Real Estate
Real Estate Agents Can Be Good Partners
When the family is anticipating the move to a new home, it would be unfortunate if minor glitches in the process put that experience off too long or dampened the enthusiasm of family members. A real estate agent can be one of the best partners the family will have when buying real estate, but only if that agent answers all the questions honestly and provides more than enough information.
The vast majority of real estate agents are trustworthy professionals who know they will benefit from helping someone purchasing real estate. But they are human and may leave out important details during one of the several conversations that take place in the buying process. Certain items should never be left to chance when a family is making a large decision such as buying the home.
Keep in mind that although real estate agents can be good partners they are still sales people. They have an ultimate goal – sell the house. In many cases, this means the agent will emphasize the positive features of the house and the purchase program, while leaving out some of the less positive items. It then becomes necessary to ask questions and clear up any doubts. Some preparation by family members will help. Knowing what to look for in a home, even the basic items, can go a long way toward eliminating problems.
If the agent seems reluctant to explain some of the details, it would best to ask about those items specifically. Remember that the buyer can always look elsewhere if the agent does not provide enough information or seems to be avoiding some negative details about the house. A quality, reputable agent should be willing to prove that there are no ant/termite problems, for example. In addition, the agent must provide information about the condition of such items as plumbing and electrical service, or about heating and cooling equipment.
Be careful when accepting the inspection/opinion of a home inspector whose name was provided by the agent. While, in most cases, this will not be a major problem, the two may be working closely so that they both benefit financially. If there are doubts, make sure that someone you trust inspects the house.
As with most agent/buyer relationships, an honest exchange of information will benefit both parties. Sometimes, an agent may avoid showing a home that will provide less commission for the agent than comparable homes. So it may be wise not to make the family choice from the few homes suggested and shown by the agent. Keep in mind that the home will be a long-term residence. A few extra days of shopping and inspecting can certainly pay off in the long run.
Working with an agent in the house-buying process is a choice, not a necessity. There are plenty of fine, reputable agents around. With proper research and knowledge, a buyer can purchase a home on their own. A careful choice among real estate agents can make the process go even more smoothly.
About the Author:
Vince Paxton published mostly for Alicante-Spain , an internet site with topics around Alicante . His work on costa blanca rental property are published on his website . Click here to get your own unique version of this article.
See Also
Risk And Real Estate Investment
Real Estate Bubble – What's In A Name?
Online Real Estate - Great Potential
External Links
Homefinder.com
Realestateagent.com
Homebuying.about.com
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Is A Debt Consolidation Loan For You?
Too much debt can be a major cause of stress and anxiety. If you're struggling to make the minimum payments on all your bills, a debt consolidation loan may be a good option but there are some things to take into consideration first.
A debt consolidation loan is essentially a loan for the total of all your existing debt. It may just include your credit card balances, or it may go further by covering other debts such as car loans or department store credit. The consolidation loan is used to pay off all the other debts, leaving you with a single monthly payment which is often at a lower interest rate.
Before you decide to pursue a consolidation loan, there are some alternatives that can help with your debt.
1. Ask For A Lower Interest Rate
Credit cards are notorious for their high interest rates, but you can often get a better rate by calling and asking them for it. The credit card industry is highly competitive and there are plenty of companies who would love to get your business. They often send out special offers of low rates, and if you call and ask your current credit card company to match one of those they often will in order to keep your business.
2. Manage Your Debt More Effectively
Rather than applying for a loan, learning to successfully manage debt through free information available on the internet may be the way to go. Also, check with your town offices for organizations that help with debt management.
3. Your Bank Can Help
If the bulk of your debt is on high-interest credit cards, you may be able to consolidate those with a loan from your bank. Rather than putting all your debt into a single loan, you might be able to simply consolidate your credit cards into a single, lower interest loan from your bank.
Debt consolidation can save you considerable money on interest, not to mention ease the stress of having to find the money to make all those payments every month. If you're dealing with large debts, this may be the answer you're looking for.
About the Author:
Are you looking for more information about debt consolidators? Visit DebtoPedia for more tips about consolidating credit cards and other credit card payoff information. This and other unique content 'debt consolidation' articles are available with free reprint rights.
See Also
A Look At Secured Debt Consolidation
Debt Consolidation Tips By James Randis
Tips On Selecting Debt Consolidation Services By Jimmy Smith
External Links
Bankrate.com
Learnfinancialplanning.com
Businessmajors.about.com
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Tips For Holiday Spending
It is very easy to get caught up in the holiday season, but you really need to be realistic about your spending habits this time of year. Don't fall for those buy it now and pay for it later options as you could find you still owe money for Christmas gifts in the spring the following year. Too many people fear that those on their gift list won't be happy with a present that doesn't have a high dollar value associated with it.
Many banks offer Christmas accounts where you can have a set amount of money placed into the account all year. In many instances you can have it taken directly out of your paycheck so that you make sure it is taken care of. Your money will be accumulating interest as well. You will get a check from the Christmas account on a set date so you can go Christmas shopping.
Some individuals choose to shop all year long and to put things away for Christmas. They often find great values on toys, clothes, household items, and perfume sets. You should take a look at the sales in the days after Christmas as you can save a great deal of money this way too. Just make sure you keep track of what items you have and where you are storing them.
You may have people on your list that really want a certain thing for Christmas. If your goal is to make them happy by providing it, then try to get the very best price on it. Watch the advertisements in the newspapers, go to the sales that are offered, and take a look online. You may find significant savings on that particular item just because of where you end up purchasing it from.
With some planning and saving, you can avoid using your credit cards at all for holiday shopping. This is important because you won't have to pay for interest on the items you have purchased. You also will have those credit cards available in the event that any type of emergency situation comes up in the future.
It really helps if you have a clear idea of who you need to do holiday shopping for. You aren't the only one struggling with a list of people and a budget to stick to. Don't be afraid to approach friends and family members to cut down the list for everyone. You can agree not to purchase gifts for each other in many cases. If there are children involved that you want to get gifts for, consider one gift for the entire family instead of each child. You can also draw names so you are only buying a couple of gifts instead of one for everyone.
If money is a very serious issue for you this holiday season, you may want to skip buying gifts. Instead you can get the supplies you need to make them. Visit a local craft store for some good ideas. You can also get a supply of goods for baking and then give out festival trays of holiday goodies. Offer your time to help with things as well by making certificates on your computer that they can redeem later on.
Really put some thought into your holiday gifts. You need to be realistic about the cost of them so that you can budget wisely. If you can't afford what you want to give someone then you need to look for a better option. Too many people get themselves into terrible financial shape around the holidays. Never spend money that is for your bills and necessities for holiday gifts.
See Also
What is Christmas spending?
What is Spending Money?
Record spending on credit cards this christmas?
External Links
Singleparents.about.com
Msfinancialsavvy.com
Ririanproject.com
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Auto Check in Saves Lots of Time
It is very important that you learn how to use the Internet and other forms of resources to help you get to know the airports that you will be using and the laws that they enforce. You will want to make sure that you learn how to fly properly and you will also need to familiarize yourself with some of the local laws that you will have to abide by.
To learn about the airport that you will be using you will want to go online and do a simple research on the area. You will also find that there is information that you will find by going to the city's sites and there is a lot to learn about your destination laws in general. Keep in mind that just because you can take something out of your country, doesn't mean you can bring it into another culture. The website of the airport will help you with direct questions and will help you to feel better about the things that you will be putting in your bags.
The website of the airport will give you tons of access of information. You will want to make sure that you take inconsideration some of the knowledge and that you try your best to avoid any run-ins with the conflict of these laws. You will find tons of information about the incoming and outgoing of flights. You will also find that there are many travel rules that you will need to follow as well. You will need to think about the shops and dining areas that you will want to go and patron. You will also want to find your terminal location too. You will find that there are tons more information about the rules of flying into the airport and the rules of the country in general. You will want to take this all inconsideration when traveling.
When it comes to the shopping, dining, and parking situations you'll be able to get recommendations and tips from the sites too. You will want to make sure that you think about the checkpoints and other stops that you may make on your way from the airport or to the airport. At each of these checkpoints you will need to show some identification. You will want to make sure that you do yourself a favor and do the research so that you can make a difference in the way that you travel.
See Also
What are Travel expenses?
MBNA My Travel Rewards Centre - Phone Call Podcast
Travel Credit Card Canada
External Links
Supershareware.com
Timenet.lastdownload.com
Thedailyreviewer.com
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Be Very Careful With Corporate Credit
Corporate credit is something that you should have in place before you need it. Any new business owner will tell you that it can be time consuming to obtain corporate credit in the beginning because you haven't established what your business is capable of doing yet in the way of earnings. You want to work hard to have at least one corporate credit card and one corporate line of credit in place. You also want them to be separate from the personal credit of anyone involved in your business.
Once you have that corporate credit established, you need to protect it at all costs. If you default with this credit that has been extended to you, it is going to be detrimental to the success of your business. No matter how large or how small your business is, it is very likely that you will need to access corporate credit at one time or another. If you don't handle it responsibility you won't be able to get it again in the future and it could result in your business crumbling right before your eyes.
You should view that corporate credit that you have established as a safety net. Most of the time you aren't going to want to access it, but it is very nice to have it in place. The fact that you aren't relying on that corporate credit that has been extended to you means a lot in the eyes of the lender. It tells them that your business is doing well enough that you don't have to use it.
Don't let that statement scare you into not using the corporate credit you have access to though when you really need it. Sometimes you will need to use it in order to take care of something for your business. If your production has slowed down or quality is suffering due to an equipment problem, you definitely need to invest in getting it repaired. Otherwise you are going to end up with other problems that are going to cost your business money in the long run.
Sometimes you will come across a terrific business deal that is going to require expanding your current operation. If you have crunched the numbers and it is definitely going to be profitable, then you may want to access the corporate credit to fund that expansion. Make sure the long term benefits of this process are going to be there though or it may be a frivolous use of the corporate credit you have.
Not all decisions to use corporate credit are good ones though. Don't take advantage of the corporate credit that has been extended to you. Make good choices on what is a necessary purchase and what you can do without for now. You don't want all of the income coming into your business to be going back out of expenses.
It is best to only purchase what is a necessity with corporate credit. Those other expenses will have to wait until you have generated the profits to buy them. This way you have the corporate credit available for emergencies and necessities. You will also save yourself money that would have gone to interest. Over time, that chunk of money you are paying can really add up. You definitely want to have your profits as high as they can be for your business.
Never lose sight of the corporate credit you have access to. Keep it as a way to get your business through so hard times that may lie ahead for you. Don't rush to use it at every turn or you are going to end up owing more money that your business should. This will be a dark cloud hanging over you as you struggle to repay the funds including interest. You need to be very smart to when it comes to using corporate credit so that you are always able to rely on it when you need to.
See Also
Corporate debt? or not?
What are Corporate Mortgage?
What is Body Corporate?
External Links
Corporatecreditconcepts.com
Corporatecreditpower.com
Companiesinc.com
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Getting High Yield Investments With Your Money
Introduction. Volatile stock markets, insufficient bond yields, and low interest rates, are frustrating investors. Many investors are not sure just what to do with their portfolios.
The time value of money is based on the premise that an investor prefers to receive a payment of a fixed amount of money today, rather than an equal amount in the future, all else being equal. Considering that the cost of printing paper money is minimal, the federal government makes an enormous windfall profit whenever it places new bills in circulation and therefore tends to keep up this practice. This leads to inflation which erodes investors' returns. With today's interest rates and inflation, which is higher than reported by the CPI, investing may result in loss of buying power rather than a net increase. Under these circumstances you might wonder---What is the best thing to do with my money?
What is the definition of money? Money should be thought of as a tool to accomplish tasks and as a method of exchange. Money can't exist unless there are people to produce, and goods and services are produced. Most people don't think about what money is, they more likely are concerned with how much they currently have, and how to get more of it. Money can be stuffed in a mattress and in this state does nothing for the economy. Preferably it will be put to work to accomplish something and thereby earn a return for the investor.
Money In The Bank? For me real investing is putting your money to work, not handing it over to a bank to earn them profits in return for locking it away from you. Many savers could be missing out on higher interest payments because they have no idea what their money is earning or how their account compares with others. When your money is in a bank account or CD, it is not being used effectively and probably netting you a loss due to inflation. The best way to maximize the power of your money is to place it where it can do a lot of good work and return a high interest rate. As we discussed above, investing money is putting it to work for you instead of you having to work. Well, if the Bank is not such a good place for your money, what about Bonds?
Money In Bonds? Current bond rates are around 5% per year. After inflation, you are actually losing money when you put it into bonds. In other words, you tie your money up in bonds for a time and when you get it and the interest back the total has less buying power than when you started. Your money needs to be earning as much more than the real inflation rate as possible in order for you to be ahead. Well then, how about the Stock Market?
What if I put my money in the Stock Market? Current stock market volatility could drive you to drink. Lately the market has been up 300 one day and down 350 the next. This represents higher than usual risk when you put your capital in the stock market these days. If you are actively trading in the Stock Market the volatility may make you want to stay glued to the screen, you may experience higher than normal stress, and it can basically seem to control you. Other investment vehicles are less volatile reducing your need to watch them every day and to worry about your returns. Isn't there any good place to put your money to work?
How do you effectively put money to work? Wealthy people learn to put their money to work for them so they don't have to continue working. You can earn money every month -- profit, without you having to personally do extra work -- by putting your money to work for you. The truth is that when you invest, you are putting your money to workliterally. If you put your money to work you expect it to earn a good wage, a return. Prioritizing your money means putting your money to work in the most effective way, directing it into high-interest accounts. Well, just where do you find these accounts?
Factors are lining up which present opportunities for putting money to work at higher yields. Most people have heard of the current turmoil in the mortgage lending business. Turmoil breads opportunity, all you need is to know where to look. The problems in the mortgage industry have resulted in lending institutions tightening up their lending practices. Consequently, developers are willing to pay higher rates for less red tape; that is private money. For example, when a developer uses an investor's money he uses it to create valuable new real estate or increase the value of existing real estate. In the process he makes a good profit and wants to share some of that profit in the form of interest payments with his investors that provide the funds.
In summary: Your money is important and you should consider partnering with a company that treats your money and your return with importance. As a responsible user of your money, the developer can be constructive with it and improve his community. Loan funds administered by the developer allow investors to participate with the developer in community development for a defined period of time. In our company we put investor's money to work in community development in the city of Baltimore and we make sure our investors get an extremely good monthly return. An investor may place his money in our projects fund for extended periods so that he can plan on a high return for that entire period. Our investors typically ask us to roll their money over from one project to another thus providing a continuous return by re-using the funds for as long as he wishes. Our company usually has 10 to 15 re-habilitation projects going at the same time thus providing great new places for people to live while improving the neighborhood, and providing a high return for our partner investors. We offer a free prospectus so you can see what we do.
See Also
The Four Pillars Of Financial Intelligence
What is investment loan?
Top Tips in Keeping a Profitable Silver Investment
External Links
Articlesnatch.com
Ehow.com
Hubpages.com
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Credit Card Debt - Can You Ever Eliminate It?
If you're like most people you've asked yourself, can I ever get out of credit card debt? the answer is YES! What it's going to take though is determination. If you have that, you can eliminate your credit card debt.
Although it is hard to eliminate your credit card debt, it is not impossible. What it is going to take is a plan and you are going to have to stick with it.
Determination for most people doesn't come easy. You will really have to dig down and find it. A great way to do this is to keep imagining what your like would be like if you eliminated this debt. Just imagine the changes that would occur. And how stress-free your life would be. If you constantly think of these things it will give you the necessary determination to eliminate this credit card debt.
Another thing that will happen is that all of those irritating calls from credit card companies and collection agents will stop. This would surely be like a huge weight has been lifted from you. As you may very well know, these people are relentless in their quest to get you to pay off your debt. So use this to fire your determination as well.
Finally, think about how much stress you and your family has been under. Now imagine how stress-free your life would be without all this credit card debt. If you did not owe anyone anything, you could finally relax. It would be like a huge weight has finally been lifted from you.
Those are a few suggestions that hopefully help you to gain the determination that you need to eliminate your credit card debt.
Not only do you need determination but you also need a plan. Here are some suggestions:
1. You Need a List - This list should contain the amount of debt, and the interest rate you are paying on all of your credit cards. Once you have this list, add up the totals to see how much debt you actually have. Unfortunately, most people have never added their cards up so they never really know how bad the situation has become.
2. Watch Out For Late Fees - It's not bad enough that you have all this debt but you can make it much worse if you accrue late fees each month. If you see cards with late fees, pay these ones off on time so you don't keep adding these fees onto your monthly bills. You be using this extra money to pay off other cards.
3. Your Current Financial Position - The next thing is to add up all of your household income(s). Then, see what is left over and use this money to pay off some of these credit cards instead of spending your excess money. Now you may have heard to pay off the highest balances first or to pay the ones off with the highest interest rates. Although this is good advise, it does nothing to satisfy your your need for instant gratification. Instead of paying off these cards try paying down your smallest one. If you do, you will then start to see how planning and determination will pay off the others.
4. Find Another Income - If you find yourself with extra time on your hands, you may want to find a part time job. Although this can cut into your free time paying off those credit cards will surely make up for it in the future. If you don't have time to go out of your home to another job try to find some online opportunities to supplement your income. There are plenty of low cost ways to make money online.
5. Look Towards the Future - Knowing how long it will take to pay off your credit card debt goes a long way to giving you a goal. Everyone needs goals. Make this on a calender or keep it in your mind so you can achieve your this very important goal.
Hopefully, I have given you some good ideas here to finally eliminate your credit card debt. It's really frustrating and depressing but you really can get your head above water if you set your mind to it.
See Also
Debt Settlement - Credit card Debt
Credit Card Debt and Portfolio Management Canada Inc.
How to Settle Credit Card Debt
External Links
Ezinearticles.com
Articlesbase.com
Ehow.com
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Whoops- Credit Card Debt Strikes Again
In this day and age credit cards are a necessity, not just a luxury.
As you can imagine, lots of people try to get credit cards. In fact most consumers have more than one credit card. The credit card industry is growing astronomically because of it. Profits are soaring, and everyone is happy.
The problem is that many people are getting caught in escalating credit card debts. The credit cards are much easier to get and use than they are to get out of. The credit card companies make it much harder to get out of credit card debt, than they make it to get into debt.
And the government isn't helping much either. The bankruptcy laws have changed significantly, and it has become harder and harder to file bankruptcy, and many people are being left out in the cold. Which means there is very little relief to credit card debt.
But not all credit card debt is a problem, let's see what happens when it is a problem.
As the name suggests, credit cards give you credit, or rather lend you purchasing power in exchange for the promise to pay that money back. Your credit card has a limit to the amount of credit you're given by the bank. That limit can change over time. Your credit card debt is the amount of money you owe back to your credit card supplier.
Where this becomes an issue is in the payment terms. It looks like free money, but when you have to pay it back, it can become quite disheartening. Depending on the terms of the credit card, a simple $1,000 credit card debt could cost you $3,000 over 10 years to pay it back.
Where trouble occurs is when payments aren't made on time. Many credit card companies will instantly increase the interest rates, going as high as 25-30%. The fees can be astronomical as well, $30-40 fees are common. The problem is these higher fees target the consumers that are least likely to be able to afford them.
With proper management of debt though credit cards can be essential for managing life in the increasingly credit dependent world we live in. Just make sure that you manage them properly, and they can work for you too.
See Also
Credit Card Debt and Portfolio Management Canada Inc.
Shanel Yang - Money Hero?
Credit Card Debt - Can You Ever Eliminate It?
External Links
Askmehelpdesk.com
Howtoanswerasummons.com
Debt-consolidation-credit-repair-service.com
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Which Offshore Bank Account is Right For You?
Setting up a bank account offshore can provide investors with a number of advantages, privacy and flexibility if the banking destination is selected with care. Offshore bank account holders can receive large reductions in taxes as well as earn interest on their money tax free in most offshore banking jurisdictions.
An offshore bank account can help investors to protect their liquid assets and real estate in a tax free zone.
Setting up an offshore bank account in a country like Panama can cost up to $1400 depending on who you work with but this is a small price to pay which is easily recovered through the advantages of using the bank account itself.
An additional optional cost to consider is consulting fees with an offshore banking expert or asset protection lawyer. Paying a little extra money before making an offshore banking commitment can actually be a way to save money in the long run.
Types of Offshore Banking Accounts
There are three main types of offshore bank account available typically and those are; personal bank accounts, corporate bank accounts and merchant accounts.
Personal Accounts
A personal bank account is only available to an individual person. A personal bank account is the least protected asset protection vehicle but in general are governed by the same banking secrecy laws as other types of offshore bank accounts. A personal bank account has the caveat that your own name is attached to the account. There is no layered protection with a personal account.
The costs associated with maintaining a personal offshore bank account are much less than for a corporate. Getting a personal bank account is also the easiest since it requires that you provide a host of personal information to be set up such as proof of identity, notarized photocopies of your passport and full address information.
Corporate Bank Accounts
To hold a corporate account offshore an applicant must first register a corporation in that jurisdiction which comes at an additional cost over and above the cost of setting up the bank account itself. Depending on the asset protection structure being used it is possible to set up both the corporation and bank account itself without a person's name appearing on the the corporate or bank account documents.
If an asset protection structure, such as a non profit foundation owning the corporation which owns the corporate bank account is used (which is available in Panama) greater secrecy and privacy can be achieved.
Merchant Bank Accounts
A merchant account is typically utilized by businesses or websites that need to do credit card processing. While it is fairly easy to set up a merchant account with a local bank in your country moving your processing offshore can actually make your transaction processing less expensive; a savings you can pass on to your customer.
See Also
Investing - Offshore Bank Profits
Three Steps to Opening a Bank Account Offshore
Which Offshore Bank Account is Right For You?
External Links
Wisegeek.com
Offshoresimple.com
Askmen.com
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What You Should Know About Chexsystems
If you've recently opened a checking account and you haven't had any trouble, you probably haven't heard of Chexsystems yet. However, if you should try to open a bank account at some point and your bank won't let you, it might be because of Chexsystems.
The parent company of Chexsystems is eFunds - created in 1999 to serve the financial lending services sector. Its specific mission is to detect fraudulent activity and help financial institutions in their risk management analysis, particularly for their individual customers.
While your credit score represents your history in paying bills and the way you manage credit, Chexsystems monitors and reports on your banking activities. It looks for unusual or suspicious banking transactions, overdrafts, cashing checks against insufficient funds and not meeting minimum account balances.
In this way, Chexsystems provides two services. It verifies your checking activity and functions as a consumer credit reporting agency similar to TransUnion or Equifax. Just as you can ask for one credit report every year, you can also ask for a Chexsystems report once a year, also free of charge. This is because, like the credit reporting agencies, it is also covered by the Fair Credit Reporting Act.
This means that consumers can question any information contained in the report, dispute entries in it and can request evidence for reported activity. Majority of banks and credit unions in the US use Chexsystems and if there is anything negative regarding a prospective applicant, that applicant could have difficulties opening a checking account. Chexsystems: is it fair? Critics have voiced their objections about Chexsystems' reporting practices claiming that the system is characterized by unfair reporting. Unlike credit bureaus that issue reports containing both positive and negative information, critics insist that Chexsystems only reports on the negative, hence jeopardising the credit reputation of individuals who are otherwise qualified to open checking accounts.
Given the mounting criticism, several banks met in 2000 and they agreed that they would re-consider their policy in approving checking account applications based on Chexsystems reports. Reforms were introduced, some of which include ignoring entries that are more than three years old as long as they are not related to fraudulent activity, disregarding Chexsystems entries that are one year old provided the consumer has settled the debt, and extending the time in which a consumer can repay the debt.
What information is provided in the Chexsystems report? A sample report shows us that it is indeed very thorough. The name and address of the person in question appear at the top of the report, along with an ID number and Social Security number. If you should ever write Chexsystems about a report, he you should refer to your social security number and ID number in your correspondence.
If you believe any information in the report is inaccurate, the report states that Chexsystems will investigate any discrepancies you point out. You can also send your inquiry to fax number 602-659-2197.
The next box is "reported information." This reported information originates from mostly financial institutions and is kept by Chexsystems for a period of five years. If there is more than one reported information or transaction, these are individually itemized. It lists the source of the reported information, the individual being reported on (including his social security number and driver's licence), and the type of report (e.g. non-sufficient funds).
The next box reads, "Inquiries Initiated by Consumer Action." This covers transactions that you made yourself. It shows what applications you have had for a credit card, or applications you made from a financial institution or bank. This information stays on the report for up to three years.
The third section of the report is on "Inquiries not Initiated by Consumer Action." This means that other people have asked about you. These people could be your current loan holders or credit card companies, pre-approval creditors, or anyone else trying to assess your credit.
The next box says, "Retail Information," and this includes checks you have written to stores and other retailers that have been returned for nonsufficient funds. When a store gets a check that it can't cash because of nonsufficient funds, a company called "Shared Check Authorization Network" receives it and keeps a database of your fraudulent activity and checks that have been returned. In order to participate, including obtaining information for check authorization and verification, retailers must be SCAN members. Chexsystems uses SCAN, but it does not get involved in collecting returned checks.
If you've ordered any checks, your Chexsystems report also provides this information. It also details the history of your check orders. The next two boxes after this are validation activities for your driver's license and your Social Security number. Your driver's license is processed both with validation and then verification. Chexsystems validates your driver's license by matching your license format with your state's approved format. It also verifies your name and place of birth.
It may do you well to think of Chexsystems before you write out your next check. You should be sure there's enough money in the bank to cover your check and that the money is truly yours and not someone else's. Of course, you can always pay for merchandise with a credit card or with cash.
External Links
Creditinfocenter.com
Consumerdebit.com
Ckfraud.org
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How to Buy Bank REOs for Less than $5,000 a Home
The REO bank owned homes market is booming. Our service is available to you for free and notifies you of bank owned properties for pennies on the dollar. Our properties usually sell within days of being released and the homes are awarded on a first come basis.
What is unbelievable is that properties are being offered from $500 to $5,000 per home. We offer the easiest way to purchase foreclosed homes. No signing up for bogus subscription services, no having to show up and outbid investors at the courthouse steps. No preclosure negotiations. Please note that these properties do have existing liens; however banks are eager to walk away from these liens at anywhere around 30 to 55 cents on the dollar. And you can end up owning a property for pennies on the dollar.
By purchasing property that others down on their luck have walked away from, you would be providing a service to the community by providing rental housing. These unfortunate people will need a place to live and we can show you how to set up lease option programs to help these clients repair their credit and become homeowners in the near future.
We usually receive anywhere between 10 and 100 properties in each package. Some investors buy the entire package and hire an asset disposition service provider to manage the properties for them. Usually a minimum of $50,000 is required to participate in this program. The company we work with provides disposition services. You will be required to get the proper insurance to cover yourself as well as obtain the proper licenses and permits.
Even after paying the property management company, there is still a huge margin for positive cash flow. If you end up owning 10 to 20 properties in decent areas, this could be your ticket to financial freedom. There is opportunity in every economic environment. With the stock market in the doldrums, the economy slowing, REOs at pennies on the dollar is one of the best opportunities for wealth creation available today.
See Also
Which Offshore Bank Account is Right For You?
Getting High Yield Investments With Your Money
Whoops- Credit Card Debt Strikes Again
External Links
Realestateabc.com
Buyingreo.net
Realtytrac.com
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Making Real Estate Investing Work When Married to Your Partner
Something that investing in real estate full-time gives you is flexibility. It gives you the flexibility to choose when to work, where to work, and who you want to work with. You can literally choose the people with whom you do business, the people with whom you will spend the majority of the time.
In fact, if conditions are right, you may even decide to work with your spouse.
In this article we will discuss working with the person who may you most important business partner, your spouse. We will focus on the following: 1. Deciding to work together 2. Setting ground rules and expectations 3. Pitfalls to avoid 4. Lessons Learned 5. Division of Labor 6. Pros and Cons 7. What about the children?
Deciding to Work Together
Deciding to go into business for yourself is never a decision that should be made lightly. Deciding to go into business with your spouse is one that should be considerable thought as well.
There are several reasons why we say this. Any new business ventures will be full of the unknown. You may be figuring things out as you go, or things may not be going the way that you had originally planned. When both you and your spouse are in the business together, any tension from the business may seep over into your married life as well. Because it is a very personal decision to go into business for yourself, you may take it personally if there are challenges. Too often, frustration can also be taken out on your spouse.
Of course, there are some very compelling reasons to go into real estate investing with your spouse. First, the reason that most people decide to get started investing in real estate is because they want to make a change in their lives. They may want more money, more free time, and/or to improve their quality of life. Those are very powerful reasons, and they create a very powerful image in the mind and heart. Imagine how powerful that vision is when it is shared by two people whose very futures are intertwined. Everything that they do will impact their future, their home and their family. They both see where they are going, and are willing to make the sacrifices to get there. Two people who share a common goal can make a lot happen. We know this from experience.
As you know, things will not always go as planned, but two working together can weather anything. This is not to say that real estate investors who have their own business cannot make it work. Rather, it is to say that, when spouses work together, they can help to lift each other up; to encourage each other not to give up the vision. There is a support structure built into the business.
Finally, it makes it a lot easier when both of you are on the same page. We have talked to countless people who are investing in real estate and want to get their spouse involved. Their spouse might not have any interest in real estate, they might have misconceptions about the market and what it takes, or they just might not be interested. To those people, we recommend that they help their spouse to get educated. Take them to a seminar or workshop, listen to CD's together. Even late night infomercials are a great way to expose a spouse to what real estate investing.
Setting Ground Rules and Expectations
Once you and your spouse decide to work on and in your business together, it is very important that you sit down together to discuss your expectations, and lay down some ground rules. Whether you are doing the business full-time, part-time or a variation of the two, it is important that you treat your real estate investing as a business. This starts with the two of you sitting down and writing out your goals, expectations and ground rules.
In most cases, one of you guys will know more about real estate investing than the other. You will find yourself in a position of "authority," simply because of your knowledge base. This was the case with us when we got started. Charles had begun researching real estate investing while still in law school and had begun to build an educational foundation. Kim, on the other hand, had no real knowledge of or interest in investing in real estate. It was up to Charles to convey the vision - all of the things that real estate investing had to offer, all of the life changing things in store.
Things would have gone a lot more smoothly for us if we had set our ground rules from the beginning. But, we didn't. That is why we know it is so important to do. You need to have a plan of who will handle each part of the business. Think about the job that you may hold right now, or a job that you have left. In either case, you have known what was expected of you each day. You had measurements and goals, and you knew what you needed to do to be successful. Investing in real estate is no different. When spouses work together, this is even more important. We tend to have assumptions when it comes to our mates. We may think that we know what they can do, or what they want to do. But everything should be explicitly spelled out, by both of you. Try not to limit each other, or put yourselves in a box. You would be surprised at the ideas that you come up with when you give each other the freedom to grow, think of new ideas and try things out. In fact, we got involved in wholesaling because of a suggestion that Kim made. We decided to try it out, and the rest, as they say, is history.
Lastly, you have problem heard the saying that you can't have more than one boss. In answer to this, we would just like to say, that how you divide your labor is up to the two of you. One of you may feel more comfortable taking on the majority of the responsibility, and the other may want to give that responsibility away. Or, you may decide that one of you will be the boss. Or, you may even decide to divide your business in two parts, and each of you is the boss of that area. The key is to discuss it, write it down and make it happen.
Pitfalls to Avoid
Being aware of the following potential pitfalls will help make your real estate investing a lot more profitable and enjoyable.
Don't give anyone the majority of the dirty work. In business, as in life, there will always be some things that are not pleasant to do. Be sure that these types of tasks are divided between the two of you. No one person should be stuck doing the junk. Of course, what is considered junk can vary by couple, so you need to decide this for yourselves. But remember, you should be having fun. As you change your life, you want to both be happy doing it. It doesn't matter if one of you is working the business full-time, and the other is part-time, neither of you should have the majority of the undesirable work. Do your best to divide it as equally as possible.
Don't let issues in the business affect your marriage. When you are working closely together day after day, this can be easier said than done. And, of course, when things are running smoothly, this is not an issue at all. But when things are a little bumpy, this can be a totally different story. You have heard the expression "Don't bring your work home with you." This is so true when you are working with your spouse, even if work is the office you created in the guest room.
Your marriage is a very sacred entity. You want to protect it at all costs. This does not mean that you will never argue or disagree. But, try not to do so about your real estate investing business. Not only will it make your off-work hours stressful, it will also make your working hours less enjoyable. You don't want to get so upset with each other that you lose appreciation of the opportunity in front of you.
Lessons Learned
One of the biggest lessons that we learned is to give each other the freedom to make mistakes. Again, nothing happens perfectly. In fact, some things flop. But, we love each other, we know our commitment to each other and the business and we do our best to support each other at all time. Again, this freedom that we give each other allows us to try new things. Sometimes, we just brainstorm about new things that we could do, new ways we can help people, exciting ways to grow our business. We are able to do this in a non-judgmental atmosphere and we have seen some tremendous fruit because of it.
Of course, you have to have good communication. This is very important in your marriage anyway, and you definitely want to carry this over into your business relationship. Don't come down hard on each other. Watch your tone of voice (or your tone of e-mail). This person is your spouse; they deserve the same amount of respect that you would give your co-worker or employee in any other situation.
You should also structure your business so that you are each utilizing your strengths. Whether or not the business consists of just the two of you, or if you decide to hire staff, you still need to play to your strengths. Each of you should do what you do best. If that happens to be the exact same thing, you probably want to look into hiring someone else to do the other stuff.
Division of Labor
We have touched on this briefly in the previous sections. In order to maintain a strong relationship and to have a fun, profitable business, you both need to enjoy what you are doing. The best way to do this is to decide what your strengths are and divide the jobs up within your company along those same lines.
For instance, Charles loves to look at houses. He can look at a "fixer upper" and see it as it will be after repairs. Kim, on the other hand, doesn't particularly care for rehab houses. She sees them as they are, and smells them as they are too. So, it makes sense that Charles is the one who evaluates properties.
Kim is more of a detail person. Charles is the visionary, who looks at the big picture. Even though she doesn't work in the main office, Kim oversees the employees, pay roll, book keeping and the nuts and bolts that keep the business running. We are both very creative, in different ways, and are involved in the marketing. Even here, we have different strengths and enjoy different things, and we divide our responsibilities accordingly.
Remember, we grew to this point. It wasn't crystal clear to us the way it is today. That is one of the reasons that we wanted to bring you this message. If you are thinking about working with your spouse, or you have started it, and things are kind of bumpy, we want you to be able to use our experiences to make it work for you.
Pros and Cons
As you can see, there are pros and cons to working together. Some people cannot see how we can spend so much time together, every day. We know that this is a challenge for some people. We feel very blessed that this is not the case for us.
Some people would consider the fact that you are both doing the business full-time to be a con. You might not want to be together that much. At the same time, you could consider that fact that you can both take vacation together, without having to ask anyone's permission to be a pro. Again, some of these things are going to depend on you, your relationship and your goals.
What about the children?
Whether you have children or are thinking about them, being in business for yourself provides you with a wonderful opportunity to open up new worlds. Charles's parents own their own business. Even though he has both his JD and his MBA, he has always wanted to run his own business. He saw his parents doing it, and he wanted to do the same thing.
We have three young children (ages 2, 4 and 6) with a fourth on the way. Investing in real estate has given us the freedom not only to have these wonderful children, but to spend time with them. They have all been on airplanes and they have been places that we did not visit until we were much older. They see how much is out there in the world, and they know that it is theirs for the taking.
Family and church are very important to us. Investing in real estate, together, as partners has allowed us to nurture both of these. We can go on fieldtrips, attend Bible study and just spend time together, because we work together and we make our own rules. We set our goals and we are responsible for making things happen. We love each other and the challenges and rewards of working together. When Kim was pregnant with Hannah, our first child, we decided that she was not going to go back to corporate America. That same December, Charles decided that he no longer wanted to work in the law firm. He knew that, if we invested in real estate full time, we could make some significant changes in our life.
It was an exciting time. It was a fun time. It was a scary time. But every day, we are so glad that we did it, together. No matter what has happened, or what will come, we know that we are working our real estate business - together.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. You are welcome to reprint this article - but get your own unique content version here.
See Also
Real Estate Advice - Find Out What Influences Property Value
Real Estate Evaluation – What Is It Worth?
Real Estate in Canada - Can you make money with it?
External Links
Askmen.com
Investopedia.com
Economywatch.com
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The Best Way To Ensure Your Rehab Real Estate Investing Success
There are a lot of factors that are involved in a successful rehab real estate investing transaction. You need a property, a reputable appraiser and contractor and a funding source to purchase the property. Depending on what you plan to do with the property, you may also need a good mortgage broker to refinance you, a motivated REALTOR to sell the property or a good property management company to locate and interview tenants and manage the property for you. This doesn't include other possible service providers, such as a surveyor, landscaper or handyman..
A good real estate investor will make sure that they have all of these components line up. However, you can't forget the most important part of the equation - YOU!
Isn't this a No-Brainer?
You would think that it would be. Purchasing an investment property is serious business. However, many real estate investors actually abdicate responsibility to everyone else who is involved in the process. They assume that, because they are surrounded by professionals, that they do not have to concern themselves with the details. Nothing could be further from the truth.
As creators of the Ultimate TurnKey Real Estate Investing System, we know first hand the value of setting up a system. This is why we did it. If you have ever spoken with us in person, you will know that we created the system to make real estate investing an easier process for other real estate investors. We didn't see any point in other real estate investors having to re-invent the wheel, and start from scratch. So, we put together a team to help ensure our clients' success. Again, if you have spoken with us, you know the story.
The System was created as a support for real estate investors, not as a replacement for their active involvement in their own transactions. We have talked to other wholesalers who have experienced the same phenomena. The funny thing is, they do not even offer the support system that we do, but they have run into several clients who want to push responsibility back onto them.
Whose Responsibility is it Anyway?
Simply put, it is your responsibility. Probably 99% of investment properties are sold AS-IS and earnest money deposits are non-refundable. This means that, if something is wrong with the house, or needs fixing, it is the responsibility of you, the buyer, not the seller. This differs greatly from transactions where you are buying a house to live in yourself. Those types of homes are typically not fixer-uppers. If they are, they are probably sold as is, and you are going to get the house for a lot less than you would if it did not need fix up.
Of course, the fact that the property needs repairs is what makes it a good candidate in the first place. Remember, your best investment properties are ones that need repairs. So, you should go into the project with the mindset that you will be painting, replacing carpet, fixing drywall, and possibly even adding on bathrooms or replacing kitchens. The key here is to know all of this when you go into the purchase. This is your responsibility.
So, how can you do this? You might be a new investor who has no idea what repairs would even be involved. Or, maybe you don't have time to get that involved. We would suggest that you take the time to find out, and you educate yourself where needed. This is not because anyone is going to try to take advantage of you, but because you need to have your knowledge base intact before going into your endeavor. If you still feel like you don't know enough, or you are still too busy, you are probably correct.
However, if you are ready to get started, make sure that you have a quote on hand from a licensed contractor and see what repairs they are going to do. Make sure that you walk through the house or see interior photos. This way, you will know if there is something else that you think should be done or that you just want to do. This way, you can have the bid adjusted before you begin the process. If you wait, any increase in repair funds will have to come from your pocket, because they will not have been escrowed in the beginning.
What Else Do I Need to Know?
You really need to be involved in every aspect of your transaction. Of course, some things will have greater bearing on your success than others.
You definitely need to know how your up-front financing works. The vast majority of rehab real estate investors use private funds or hard money to purchase their property. But, depending on the lender, the programs vary. Make sure that you know your interest rate. What is the term of the loan? Are there any pre-payment penalties? Do you have to make mortgage payments during the life of the loan? If so, how much are they? These are questions that you need to know the answers to. A reputable lender will go over all of this information with you. However, it is your responsibility to make sure that they do. You also need to make sure that you remember what you agreed to. You shouldn't allow yourself to be surprised later by something that was explained to you at the outset.
Something else that we recommend is that, if you plan to refinance your property, that you get qualified for your refinance at the same time that you get qualified for your purchase loan. Why? Because you want to make sure that you will be able to refinance and get out of your loan. Remember, if your goal is to do a cash-out, you need to make sure you will be able to do so.
You also need to make sure that you stay in touch with your mortgage broker throughout the process. This way, if anything changes, you will know about it right away. For example, you can make sure that you know what programs that your mortgage broker has, and what you qualify for. There may be a new program that comes out that is more advantageous for you, or the program that you may have thought you were using may no longer be available. Either way, you need to be informed of all of your options.
By the same token, if anything changes about your financial or employment situation, you need to let your mortgage broker know as soon as possible. The changes may not affect your ability to close on your refinance, but they may. You may have to pursue a different strategy, and it is good to know this in advance, rather than at the last minute.
This Actually Makes Sense.
Yes, it does make sense to be informed when you are purchasing an investment property (or any major purchase). But remember, you should be proactive, as well as informed. Legitimate businesspeople will not have a problem with you asking questions or being involved. In fact, we welcome this. It shows that you are concerned, involved and take responsibility.
While everyone involved in the process does what they can to ensure that everything runs smoothly, this is not guaranteed. But, if you remain involved, there are few surprises and you are well equipped to handle anything that does come up.
Because, at the end of the day, this is your property.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. Click here for other unique 'Real estate' articles.
See Also
Online Real Estate - Great Potential
Real Estate Bubble – What's In A Name?
Using An Agent When Buying Real Estate
External Links
En.wikipedia.org
Creonline.com
Real-estate-investing.com
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Real Estate Advice - Find Out What Influences Property Value
There are many factors that can influence the value of a property. Location is obviously one of the most important factors as demand for housing at a particular area has a big impact on prices. When looking for real estate make sure to find out the general pattern of property value in the area you want to live.
It is always a good idea to purchase a home where the trend of property value is increasing as this means that over time you will be able to take advantage of appreciation in the value of your home. The average for most locations is around 5 percent per year but some regions due to heavy demand may experience as high as 10 to 15 percent increase in property value each year.
The size of the house also influences property value as larger properties will command higher prices. Remodeling or making additions and improvements can also make a big impact on the price of a property. For example if you do a complete remodeling of the kitchen or bathroom this will usually add quite a bit of value often far more than the cost of the remodeling job.
Adding a carport to a home that did not have one can also add significant value much greater than the investment made on the carport itself. Of course complete renovations and adding new rooms or a new level altogether will also increase the property value. The great thing about real estate is that most modifications made usually increase the property value quite greatly and you usually end up making much more than you spent in the improvements if you do decide to sell.
This is one of the reasons you really should consider buying a home rather than renting because a house is like an asset that in most cases will grow in value and can pay you back quite significantly if you make a wise investment. The best things that increase property value are those improvements that make the house look newer and more expensive to potential buyers.
For instance just improving the heating and ventilation system may not add much value because potential buyers will assume that the house should already have a good heating and ventilation. However something as simple as replacing a dull wallpaper with a more bright wallpaper or paint job can return much more money than you spent.
Also making sure the front yard is clean and neat, even consider getting some landscaping done, and also making sure the driveway is painted or has good tiling that is not broken can all add more value and put more money in your pocket. Just make sure the house looks impressive and not broken down. Even minor flaws can turn off buyers and they will not want to pay the higher price.
The age of the house is also important as older homes that are over 25 years old may need a complete makeover whereas younger homes could just use a touchup. The best places to focus as far as improvement are the kitchen and bathroom. These two areas can increase the value of your home the most so put the money in to keep them looking great and make sure to maintain them properly. Also the best time to sell a property is when interest rates are low and people are eager to buy so you may want to wait for this kind of period to be able to attract the highest price for your home.
See Also
What is a Lease?
Real Estate Evaluation – What Is It Worth?
Online Real Estate - Great Potential
External Links
Articles.moneycentral.msn.com
Therealestaterenegades.com
Economywatch.com
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Overcoming F.E.A.R.
Most of us have heard what this acronym stands for:
F - False E - Evidence A- Appearing R - Real
A lot of us don't realize how this can truly impact our life.
In real estate investing, as in any venture in your life, you will have to step out on faith. This simply means that you believe that something good will happen; that you will be able to make it work. Stepping out on faith means that you believe in yourself. This doesn't mean that you go off half-cocked, but that you prepare yourself and know that you will be able to deal with the unknown.
This can be a scary thing. Stepping out on faith is not something that many of us are comfortable with. In fact, we often talk ourselves out of doing something, rather than into it. Then, there are all the well-intentioned naysayers in our lives. They take their fears and put them onto us. They mean well, but they can make you miss out on your dreams. They would never have the guts to go out and do something like this, and they can't see you doing it either. They don't see themselves as snatching your dream away. They probably think that they are protecting you. But many times, snatch away your dreams is exactly what they do.
It is okay to be afraid when you are starting something new. It is perfectly normal. The important thing to remember is that you can't let that fear stop you. You can use it as a tool to make sure you are prepared. Fear will make you feel a little on edge. Use that extra energy to make sure that you have all of your decks in a row. Make sure that you are as prepared as you can be. Use the fear, don't let it paralyze you.
Educate yourself. Get coaching. Find a mentor. Do what you can to prepare yourself. But remember, at some point, you will have to stop preparing and do something. You will have to step out on faith. That is a good thing. It allows you to test yourself and the courage of your convictions. Things probably won't work out exactly liked you planned. And that is okay too. It is when we are dealing with challenges that we learn new ways of doing things. We see things in a different light. In fact, we see ourselves in a different light. You might not know how strong you really are until you put yourself out there. You won't know what you can truly accomplish until you push yourself.
So remember, it is okay to be afraid. Fear can't hurt you, unless you let it stop you; instead, step out on faith.
Remember, faith can move mountains.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. This article is available as a unique content article with free reprint rights.
See Also
Real Estate Advice - Find Out What Influences Property Value
Using An Agent When Buying Real Estate
Real Estate in Canada - Can you make money with it?
External Links
Investopedia.com
Economywatch.com
Creonline.com
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Ensuring Your Success When Purchasing Rehab Properties
You have heard all of the hype surrounding real estate investing, and you're ready to get started. You know that there is money to be made - you've seen the late night infomercials, and you even know some people who are investing in real estate successfully.
So, you ask yourself the following questions:
"How do I get started in real estate investing?"
"What kind of property should I buy?"
"I don't know anything about working with contractors, should I do this?"
"How do I know that won't get in over my head?"
We are going to discuss those questions, and give you some good, solid answers that will allow you to get started investing in real estate - on the right track.
Getting Started
The best way to get started investing in real estate is to educate yourself. This does not mean taking a course to become a licensed real estate agent, or reading countless books. You can educate yourself by taking advantage of the numerous resources that are available to you.
In most major cities, you will be able to find a Real Estate Investors Association (REIA). This is a group of people who are either investing in real estate or thinking about doing it. Almost all REIA's have monthly meetings where you can network with other real estate investors, meet service providers, listen to speakers with expertise in varying areas, and even find properties to invest in.
There is also a smaller, more intimate group in the metro Atlanta area. This group is simply called Real Estate Investors Association. They meet the 2nd Thursday of the month. Their meetings always have a speaker and there are service providers there for you to speak with as well. There is no membership cost, but there is an admission charge.
Another way to educate yourself is to attend a seminar. You need not spend a lot of money doing this. There are a few companies in the metro Atlanta area that offer seminars to help you get started in real estate investing. Some of these are free, while others charge a fee. The key here is to make sure that you get good, solid information that you can use. These seminars provide an excellent opportunity for you to meet key players in the investing business. You can ask questions in a smaller, intimate atmosphere. Again, you have the opportunity to network with other investors. Take advantage of it!
As you can see, there are many ways to get started. You are doing one of them right now! By reading Investor 2 Investor and publications like it, you are exposing yourself to an abundance of quality information. That is an excellent step.
The most important thing is to actually get started. Don't educate yourself to the point of not doing anything. There is always more to learn each day. That will never change. But, in order to succeed, you have to start. And there is no better time than today!
Destiny is not a matter of chance; it is a matter of choice. - Unknown
Your Investment Strategy
There are several types of property that you can invest in. There is commercial real estate - such as office buildings, apartment buildings, etc. and there residential real estate. Residential real estate can be either multi-family or single-family.
In today's market, single family homes are your best investment vehicle. I say this because; it is the American Dream to own a home. Most people, who are for looking for a home, want their own house, not one that is attached to another.
Noted Real Estate Investor, John Adams* lists the following 9 reasons for investing in single family homes:
1. Bargains are readily available in single family homes. 2. Financing is easy to get for single family homes. 3. Single family homes are readily available in most communities. 4. Single family homes are easier to rent. 5.Single family homes are easier to sell. 6. The single family home market is extremely stable. 7. Single family homes are relatively easy to understand. 8. Single family homes offer excellent tax benefits. 9.Single family homes make great retirement plans.
Let's take a minute and review these points in greater detail. First, it is true that you can get great deals on single family homes. Since most people who live in single family homes also own them, this means that, at any given time, there are a number of them available for purchase. People go through lots of life changes that require them to sell their home. They may be increasing the size of their family, moving into a smaller home because their children have moved out or they may have been downsized or have experienced any other circumstances which require them to sell their home. Lots of these people need to sell quickly and are able to be flexible on their asking price - and that means a bargain for you!
Financing is extremely easy to get for single family homes. In fact, there are a group of lenders who specialize in lending to investors who purchase and fix up single family homes. In most cases you can borrow the funds to purchase the property and complete the renovations. We will go into how this works in greater detail further along in the series.
Think about how many single family homes you see every day. They are everywhere. And because they are so readily available, they are very easy to rent and sell. Many people want to move up from an apartment and decide to rent a house. There are others who have gone through adverse conditions and although they may no longer own a house, they still want to live in one. They are very happy to rent. And for as many people looking to rent a house, you have people looking to buy them as well.
The single family home market is very stable, for all of these reasons. They are easy to manage. There are only so many things to take care of in a house, and with a good property management company, that task is made even easier.
There are great tax benefits that come from investing in single family homes. This is not the forum to go into all of them, but make sure you speak to a good accountant who can help you reap this additional benefit of your real estate investing.
Finally, it takes more than one house to build your empire, but with as few as ten of them, you can retire and live comfortably. You have many options available to you. You have your monthly rental income (less any property management costs), you can do a refinance and get tax-free cash based on the equity in the house, and lastly, you can sell whenever you would like. The secret of success in life is for a man to be ready for his opportunity when it comes. - Benjamin Disraeli
Building your team
In order to make your real estate investing more successful and enjoyable, you need to surround yourself with a team of professionals who know the business and have your best interests at heart.
There are several ways to build this team. You can network at meetings, seminars and other events and collect business cards. You can speak with individuals to get a feel for them. Let them know what you are trying to do, and see if they can help you achieve your goals.
You can also look in the yellow pages and the newspaper for additional contacts. Just a note - Yellow Page advertisers may have higher prices than you would like to pay, simply because their advertising costs are built into their pricing.
It is a good idea to speak with people whom you know that are already investing, or simply know people who do the job that you are looking for. It is important to get references, and when you are getting quotes for work to be done, get two or three.
You can also hook up with a company that pulls everything together for you. This type of system is often called "TurnKey" or "Automatic." This simply means that everything has been set up with you, and the service providers have been tried, tested and proven to be true. Many investors prefer this type of system, because it takes the guesswork out of their real estate investing. Here are some of the resources that you can expect to find in a TurnKey System:
 Investment Properties - these are typically single family homes, but can be any type of real estate that meets your investing criteria. They should be offered at a fair price, with plenty of equity for you.  Lenders- this includes purchase money lenders (often called hard money lenders) and mortgage/refinance specialists. Ideally, these individuals are accustomed to working with real estate investors and will have programs that are tailored to your unique needs. You will often find that serious service providers in this arena often specialize in working with investors.  Appraisers - a good appraiser is one of your best friends in this business. A good appraiser will be familiar with the market conditions and prices and ensure that the house is appraised with a realistic value. In the majority of cases, the appraiser must be approved by the lender. This should make you feel good because it means that the lender is comfortable with the appraisers work and is willing to lend based on it.  Contractors - there are a wide range of contractors out there. It is important to get a good, reliable contractor on your team. This will allow you to control your costs and your time. When you know that a job will be completed at a reasonable cost within a reasonable time period, you will be able to breathe a lot easier. Contractors who are recommended through a TurnKey System have been through a screening process. While there are no guarantees, this should make you feel better to know that their pricing, quality and timeliness are typically in-line, or they would not be recommended to you.  Property Management - a good property management can change your outlook on owning rental property. Many people are hesitant to get started investing, because they have heard horror stories from other investors about leaky toilets, midnight phone calls and more. Well, with a good property management company you do not have to worry about that. They will run your ads, interview your prospective tenants, collect the rent, handle maintenance and even send in your mortgage payment, if you would like. This will either be done for a flat fee based on the number of properties that you own, or a percentage of the monthly rent that you receive from the tenant.
Those are the major players that you will need on your team. Surround yourself with good, honest reliable people and you will have a successful real estate investing career.
Don't be afraid to make mistakes. Mistakes are how we grow and learn. The important thing is to learn from your mistakes, so that you do not repeat them. More importantly, if you can, learn from the mistakes of others. Hook yourself up with someone who is honest, fair and knows what they are doing.
Congratulations on getting started! Your life is about to go in directions that you have only imagined. Don't wait another day. The life that you keep dreaming about is really there for you! It is within your reach. Make it a reality by investing in rehab properties.
We wish you much success!
Kimberly and Charles Petty In the last 7 years they have been involved in over 600 real estate transactions. And there is no reason you can't experience the same success. For further information on Real Estate Investing products and services offered by Kim and Charles Petty call 1-800-559-9702 right away.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or contact 1-800-311-9228. You can get a unique content version of this article.
See Also
Real Estate Investing - Joint Ventures
What do I need to know when purchasing a foreclosure real estate property?
What is a Lease?
External Links
Housesunderfiftythousand.com
Biggerpockets.com
Reiclub.com
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Ensuring Your Success When Working With Contractors!
Buy it, fix it, flip it! Buy, fix and sell! These are slogans that many investors live by. They describe the concept of finding a house that needs repair, fixing it up and then selling to an end buyer, usually a homeowner. However the key to buying, fixing and selling is the "Fixing".
There are many courses and gurus that will tell you to rehab a property and you will make so much money you won't be able to stand it. But the key is to find the right contractor. If you are to be successful in real estate investing or any endeavor at all, you must find the right people to do business with. You must find the right contractor to work with you to fix up your properties. The contractor that you work with must meet the following criteria:
The contractor that you choose to work with must be 1) reputable 2) dependable and 3) economical. Their reputation - when you decide to work with a contractor it is critical that you get references. When you get these references, make sure they are for people who the contractor has already done worked for. While a reference from a pastor or business associate is good, you need to know that they performed quality work and that the client was happy. It is also important that you call the reference. Too many people request references and are satisfied when they receive a list of them. But, you must call these people. See what they have to say. Make sure that the phone numbers work!
Their dependability - simply put, your contractor should do what he says he's going to do, when he says that he is going to do it. This is very important, because you do not want your rehab project to drag on needlessly or endlessly. A good contractor will have his workers on the site when he says that they will be there. The work will be done quickly and professionally. If your contractor is working more than one job at a time, your job should receive equal attention.
Their economics - for as many properties as there are in the market, there are just as many contractors and their pricing runs the gamut! You will be surprised to see the wide range of pricing that you could be quoted on one specific job. Typically, contractors who advertise in the Yellow Pages have a higher overhead, and charge more money. Someone who is your friend's cousin's brother may have lower prices, but they also might be just starting out and not have the experience you desire. There are other things to be considered besides price. Here are some other items to consider: 1. You want to know if they need "up front" money to get started, or if they can bankroll themselves. Typically, the lower the price, the more money that will be needed up front. 2. Do they have a bank account? If you are dealing with someone without a bank account, you are in for a lot of headaches. Someone who hasn't taken the time to open an account for their business is not someone that you want to deal with. 3. How many people are in their crew? 4. Do they have their own equipment? 5. Do they have a business license? 6. Are they insured?
You can decide which of these items are most important to you. You do not have to compromise your value system. It is possible to find a good, reliable, dependable and economical contractor that you can work with. When you do, hold onto him! A good contractor can make you a lot of money. Find a good one and grow your relationship with them and you will be well on your way to building your real estate empire!
We wish you much success!
Kimberly and Charles Petty
In the last 7 years they have been involved in over 600 real estate transactions. And there is no reason you can't experience the same success. For further information on Real Estate Investing products and services offered by Kim and Charles Petty call 1-800-559-9702 right away.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. You are welcome to reprint this article - but get your own unique content version here.
See Also
Using An Agent When Buying Real Estate
Real Estate Evaluation – What Is It Worth?
Online Real Estate - Great Potential
External Links
Moneybuddy.com.au
Theinvestortoday.com
Allbusiness.com
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Wholesaling - A strategy for investors wanting to make $10,000+/mo
Your exit strategy is an extremely important part of your real estate investing business. In fact, it is one of the most important parts. Sometimes investors get excited because they learn how to buy properties, they find them and they have the money lined up to purchase them, and they do, But when they get them, they have no idea what they plan to do with them.
You must know your exit strategy when you buy. What do you plan to do with the property? Knowing this allows you to make all types of decisions, from how much to offer, to what kind of financing to us, and more.
This month, we will cover wholesaling.
What is Wholesaling?
It is simply finding a bargain property and passing it on to a bargain hunter. That bargain hunter will be an investor who will either purchase the property to resell it or purchase it to hold it for rental income. Your profit as a wholesaler should be between $5000 and $15,000 on each house. In some cases it will be higher than $15,000 and on some deals your profit may be a little lower than $5,000.
Why wholesale? Real estate investors choose to wholesale properties for a few reasons. They could be:
1. Quick cash - it is possible to turn a property around anywhere from 7 to 45 days and get cash in your pocket. If you need to get your hands on some cash quickly, this would be a reason to wholesale. Or, you may not need the cash immediately. You might just want to build your cash reserves. Wholesaling is a good way to do this quickly.
2. Too many houses - maybe you're good at finding houses, but you find more than you need or can use at any given time. If this is the case, wholesaling is a smart move for you. You can still profit from your locating skills, even if you aren't going to keep the property for your personal portfolio.
3. Flexibility - at any given time, you can determine whether you want to keep a property or sell it. This gives you flexibility as you locate and purchase properties.
An important fact to remember! Probably the most important thing that you need to remember when you decide to wholesale is, your buyer should get the majority of the profit! This is important because your buyer will be the one to purchase and rehab the property. There has to be enough room in the deal for your buyer to do this and still retain a nice amount of money for cash out and/or equity.
This does not mean that you find properties and give them away for $1,000. If you did that, you would be a bird dog, not a wholesaler. Your profit will vary depending on the house, but the better you are at locating properties and putting together offers, the greater your profit will be - while still maintaining an excellent profit for your buyer.
Keys to Successful Wholesaling There are several things that you can do to ensure a successful and profitable wholesaling business. We will discuss those now. 1. Consistent source of properties - Earlier in the program, we discussed several ways that you can locate properties. If you want to make wholesaling your main business, you will need to make sure you have a consistent source of properties. For instance, you may develop a relationship with a probate or divorce attorney, who knows a continuous stream of people with houses to get rid of. You may even develop a relationship with someone at a bank that works in the REO (real estate owned) department. These are the properties that the bank has had to take back due to foreclosure. However, you decide to find them, you need to make sure that you have a consistent source.
2. Your buyers list - If you decide to wholesale, you must develop a strong buyers list. This will allow you to locate properties with the assurance that you can move them. Even if you only wholesale properties occasionally, it is highly recommended that you have a buyers list built up. As we previously discussed, there are several ways that you can market to build up your buyers list. Two of the easiest ways to do this are to place ads in the paper and to advertise at REIA's. You may even put out roadside signs to attract buyers. You should think of your buyers list as money in the bank. A good list will make it a lot easier for you to move properties. You will also feel more confident getting the properties, knowing that there are people ready to purchase them from you.
3. Good properties at good prices - Again, we are building on what we learned earlier in the program. You want to make wise choices when you look at investment properties, including when you wholesale. Even though you are not going to keep the house, you still need to make sure that it is a good house in a good area at a good price. You can get 2BR 1BA houses at cheap prices all day long, but do you really want to? We would say no, unless the house is so cheap that your buyer could add an extra bedroom with little trouble. But even then, we wouldn't recommend it. You always want to go the path of least resistance. Don't get the houses with the weird floor plans. They shouldn't be too small or have any type of structural damage. Most investors do not want to take on rehab projects of more than $15,000 - $20,000, especially if they are just starting out. If you find a good deal that requires an intense rehab, you will probably want to save that one for yourself or pass on it altogether. And again, you need to make sure that the price is right. There should be enough room in the deal for your profit, your buyer's profit and the rehab funds. Your profit will vary depending on the deal, however, to make it worth your time, you should shoot for a minimum of $5,000 per deal. Of course, this will vary by property. Review your buying formulas for wholesaling properties. Remember - wholesaling is not illegal flipping. You never want to artificially inflate the value of a property.
4. Relationship with your closing attorney - Typically, your lender will choose the closing attorney. However, this does not stop you from developing a relationship with them as well. In fact, if you work with the same lender a lot (for your purchases or your buyer's), you will find yourself in that closing attorney's office quite a bit of the time. Learn the culture of the office. How does it run? What are the personalities of the staff? What are their names? How do they like to do things? You will find that all closing attorneys are different. Some are more laid back while others are more uptight. Some will accept documents and requests faxed from you, while others want them directly from your buyer and/or your lender. The key is to find out how to best work with them so that your deals run smoothly. Find out what you can do to make things easier on the staff to bank some goodwill, you might need it on a bumpy deal!
5. Relationship with your contractors- Although they tend to get a bad rap, it is entirely possible to find a good contractor and to develop a relationship with him. You may have to go through several contractors to do this, but it is possible. Your relationship with your contractor is important, because you need to be able to count on the quality of the work and the prices at which it can be done. Even if your buyer uses their own contractor, you should have someone that you can bid the jobs and that you can recommend. Their prices should be in-line with those that you have found to be fair and reasonable in the market place and their quality should be the same. If you are recommending your contractor out, do your best to make sure that this person is reputable, fair and does quality work. There is no guarantee in this, we have come across some duds ourselves! But always do your due diligence. Check with references and view jobs that they have already completed. And always be on the look out for more contractors. You can never have too many good ones!
6. Relationship with your appraiser - Your appraiser will also be one that is approved by the lender. This is good for both you and your buyer. You always want to make sure that your values are as accurate as possible. The appraiser will make sure of that. Again, it is worth your time to develop a relationship with the appraiser. When you do this, you will be able to get them to verify values for you. This is important if you are unsure about an area and need to make a quick decision. A lot of the knowledgeable appraisers can tell you values off of the top of their heads. This is very valuable for you. You also want an appraiser that will get the appraisals completed quickly. There is really no reason to wait more than 3 or 4 days for an appraisal. If an appraiser has you waiting longer than a week, you need to look for someone else. Most lenders are amenable to trying out new appraisers, if there is justification. If you are having problems with them, they probably are too. The good thing is, there are a lot of appraisers out their with experience appraising investment properties.
7. Relationship with your private lender - this is of paramount importance, for both your purchases and those of your buyers. One of the most important things that we have learned with wholesaling is - You must approve your buyer's lender. If possible, you should require that your buyer use only lenders that you approve. This is important because the lender can literally make or break your deal. You need to know what areas the lender likes, what types of houses, how much money they have and how quickly they can close. It is not heard of for a lender to approve a house sight unseen and then change their mind when they go to see it the morning of closing. Lenders can run out of money. They can have as many stipulations as a conventional bank. We have seen all of this happen before and it is not fun. You need to control this part of the process. Then, you can be assured that the deal will close when it is supposed to. You should work with a lender who appreciates your business and makes you a priority.
8. Know your closing requirements - These requirements typically depend on the lender, but you should know what you need ahead of time. This will allow you to close quickly and easily. You may begin securing some of the documents as soon as you lock down the house. Some typical requirements are: appraisal, title insurance, survey, and builder's risk policy.
9. Marketing - The entire last lesson was devoted to marketing. That's how important this is. Market, market, market!
10. Integrity - In business, as in life, it is so important to have integrity. Simply put, you need to do what you say you are going to do. Everyone that you work with should be able to count on the fact that you are good to your word. In wholesaling, there are a lot of things that are out of your control - which it why it is so important to be careful of who you decide to do business with. But, always do what you can and people will want to do business with you. Remember, good news travels fast, but bad news travels faster.
Whether you decide to make wholesaling your main business or a part of your business, it is a good option for you!
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. This and other unique content 'Real estate' articles are available with free reprint rights.
See Also
Overcoming F.E.A.R.
Real Estate Advice - Find Out What Influences Property Value
Ensuring Your Success When Working With Contractors!
External Links
Knowthis.com
Referenceforbusiness.com
En.wikipedia.org
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Developing Your Winning Team
As a real estate investor, it is very important that you surround your self with a good, strong team of trustworthy individuals. You will need to develop and maintain good working relationships with professionals for each stage of the process.
As we discuss developing your winning team, we will break it down by the process. The processes we will discuss are: 1. Finding the Property 2. Funding the Property 3. Closing on the Property 4. Fixing the Property 5. Selling the Property
Finding the Property
As we discussed earlier, there are several ways for you to locate your properties. Established relationships can make finding the right house easier for you, especially with motivated sellers.
Once you locate a wholesaler who specializes at finding good, quality houses in your target areas, you want to develop a good relationship. In some instances, you may be able to get on an "early notification" list, or after you have purchased a property or two, the wholesaler might even look for properties specifically for you. This will be an important relationship for both of you; you will have a steady source of quality properties and the wholesaler will gain a client who they know will do what they say that they are going to do.
Another member you want to have on your team is a strong Realtor. It is important that the Realtor be used to working with real estate investors or at least has a basic understanding of real estate investing. At the minimum, your Realtor must be open to learning and listening. You will be looking for atypical properties, and your Realtor will really need to be on board with what you want. It is important that you stay in the driver's seat and only look at properties that fit your criteria and business plan. You may find that many Realtors want to show you the properties that they have listings for or what they think is a good investment. Remember everything that you have learned about what makes a good investment for your portfolio, and stick with it. The good thing is, there are a lot of Realtors out there, so you should be able to find one that you can work with.
Other people who have access to motivated sellers and/or distressed sellers are good to have on your team. Probate attorneys and divorce attorneys are just two such examples. If you can find someone who can give you the scoop or the inside track on available properties, cultivate that relationship.
Funding the Property
When you locate a great property, you will need to be able to move quickly to purchase it. This is especially important if the property is one that you are competing with other investors to purchase. You will want to show the seller that you can purchase the property, just like you said that you could. Unfortunately, many real estate investors put properties under contract and never close. If the seller is one who works with a lot of real estate investors, they may be gun shy. Even if the seller has no negative experience (or no experience) with real estate investors, it is a good idea to be able to show that you have the funds to close the deal.
In order to ensure that you can close on the deal when you say you can, you need to develop strong relationships with both hard money lenders and private lenders. You will find that the terms will differ between hard money lenders and private lenders, but each type of loan has its place in your real estate investing business.
Hard money lenders typically charge between 12% and 14% for their loan. They also charge points and some have pre-payment penalties. All of the loans are interest only, most with monthly interest payments. Many new investors are taken aback when they see what the terms are, but more seasoned investors know that the terms are definitely worth it. It is basically an opportunity cost. Banks are not going to loan the money for an investment property. Even those banks that offer "rehab loans" usually do not close in a timely manner and have all sort of specifications that you will not find in a hard money loan.
There are many other benefits of working with hard money lenders. Hard money lenders know the market and specialize on working with real estate investors. They are familiar with values, areas and appraisers. And most importantly, they have the money to lend. Because they are in the business of lending, most hard money lenders have several million dollars available to lend out. As long as you and the property meet their criteria, you can usually close in as little as seven to ten days. If you have developed a relationship with the hard money lender, and have already closed several deals with them, you can probably close even more quickly.
The terms for loans with private lenders vary on the lender, and often on you, the real estate investor. In many instances the private lender is new and you can determine the terms. You always want to be fair to the lender, and make sure that the loan is worth their time. However, you will most likely pay a lower percentage rate and few to zero points.
However, you may have to educate your private lender if they are new to lending. They will rely on you to provide them with good information and a good investment. This is a really amazing responsibility. You must make sure that you put checks and balances in place to protect your lender. You will also be responsible for finding good appraisers, surveyors and closing attorneys.
Closing on the Property
In order to close on your property, you are going to need three more strong players. They are your appraiser, your surveyor (if the lender requires it) and your closing attorney.
It is important to note that, if you are funding your deal with a hard money lender, all of these team members will actually be picked (or approved by) your hard money lender. Each of these members ensures that the investment is a good one, that the values are solid and that everything closes in order. These things make sure that the lender's investment is as secure as possible.
However, just because these team members represent your lender, this does not mean that you cannot develop a relationship with them. Developing this relationship will allow you to check on the status, schedule closings to your convenience and just make sure that everything stays on track. Also, once you get your own private lenders, you can utilize these same people with whom you have already developed a relationship.
The appraiser will be responsible for providing the After Repair Value (ARV) appraisal. Again, the appraiser should be someone who is used to the real estate investing market. If you attempt to work with an appraiser who works primarily (or only) with homeowners, you are in for a lot of headaches. I fact, don't even go there. Use the appraiser that your lender has approved, or talk to other real estate investors and find a good, reputable appraiser.
Now, not all lenders require a survey. However, if they do, they will already have a survey company that they use. Just go with them.
The closing attorney is another important member of your team. If they are not selected by your lender, they will have to be approved by them. The closing attorney is very important to your deal. Their office makes sure that all of the details are taking care of. They make sure that title is clear and title insurance is obtained. They prepare all closing documents and wire funds. In some parts of the country, a title company handles these same tasks.
Fixing the Property
The contractor that you choose to work on your rehab can make or break your project. This is a hard fact. It is hard because many real estate investors do not choose licensed contractors to work on their jobs. They often use their brother, their cousin, their uncle or their friend. These contractors might do an excellent job, but they also might lack the experience and the business acumen necessary to complete the project in a timely and professional manner.
Regardless of your level of expertise, you have to make sure that you have checks and balances in place to protect yourself. You should have agreements in place that specifically detail the items to be completed, the prices and the timeline for completion. Find out how many members are on the contractor's crew. Does he have his own trucks? Does he have the money to begin a job, or does he need start up money?
Finding a good contractor can be a long process. Be sure to get referrals and before and after pictures of work that the contractor has completed. When you get the referrals, call them. Find out if the clients are satisfied and if they would use their services again.
When you locate a good contractor or two, and you will, hold onto him! A contractor who does quality work at a fair price in a timely manner is worth his weight in gold. Knowing that you have someone that you can count on to will give you the confidence to put properties under contract and market them and move them quickly.
Selling the Property
When you decide to sell your retail property, there are two key members on your team, your mortgage broker and your Realtor.
It is key that you locate a mortgage broker that will be able to finance your buyers. Your mortgage broker should have programs for all types of sellers, whether they are first time home buyers, have credit issues, or retired or any other "out of the ordinary" situation. It is crucial that your mortgage broker has experience closing loans.
You want to know that when you find a buyer with reasonable qualifications, your mortgage broker can get your buyer qualified and closed. You do not want someone who is trying out new programs or just getting started. You need to get your properties sold, and your mortgage broker can help you do this. Ideally, they will have a 100% financing program and you will be able to advertise it when you advertise your house.
The second member of your selling team is someone that we have already mentioned, your Realtor. You want someone who can find you a buyer, quickly. Again, your Realtor should be able to think outside of the box. There are so many financing options out there, you don't want to look for only "traditional" buyers.
It will take a little time and effort to develop your winning team, but it is worth it. This is another reason why a turnkey system is so attractive to real estate investors. All of the keys are in place, and you can just plug in and take advantage of what is already in place.
No matter how you find your team members, putting together a strong team is crucial to your success.
About the Author:
For a FREE Special Report and Audio on how you too can make Six or Seven Figures A Year Buying and Selling Properties across the USA & abroad go to Virtual Real Estate Investing Profits or call 1-800-311-9228. Click here to get your own unique version of this article.
See Also
Real Estate Evaluation – What Is It Worth?
Real Estate Advice - Find Out What Influences Property Value
Online Real Estate - Great Potential
External Links
Therealestaterenegades.com
Real-estate-investing.com
Economywatch.com
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Three Steps to Opening a Bank Account Offshore
With the advent of the internet and online services gone are the days when a prospective applicant needs to visit a bank in an offshore jurisdiction to open an account there. Clients can visit websites and with a few clicks gain access to all of the required services needed to create an offshore bank account with absolute privacy.
There are 3 steps involved in opening an offshore bank account;
1. Find a suitable Offshore Bank or Banking Service Provider
This step is of course the hardest part of the process as there are many variables to consider. Is the offshore jurisdiction stable, are the banking secrecy laws strong, how much is the vendor charging for an account, what are the fees one can expect to incur operating an account among others.
To make your research easier a favorite technique is to prepare a comparison chart of costs and benefits associated with offshore banks and offshore service providers as a guide. A spreadsheet can be set up in minutes using the rows to list the features / benefits and columns to list the various banks and companies providing offshore banking services.
Figuring out the Costs
Once you have narrowed your search down to 3 - 5 vendors who provide all of the services you need the next step is to evaluate the costs associated with working with them. A piece of advice: the cheapest option is not always the best option.
Reliability / Stability
In order to ensure your assets are protected properly one needs to investigate the banking laws governing the jurisdiction where you have identified suitable offshore banking services based on your initial benefit analysis.
Offshore banks that are in business in a stable jurisdiction are preferable. Besides, the economical and political stability conditions of the country in which the bank is located help determine the stability of the bank and whether it is trustworthy to investors.
Not every offshore bank account offers total privacy in the post 9 /11 world. Gone are the days of anonymous Swiss numbered accounts. Make sure you understand the rules that govern the bank or company you are working with by consulting a lawyer.
Benefits of Offshore Bank Accounts
Many offshore banks will offer a very competitive interest rate on deposits in addition to the banking privacy and secrecy benefits.
Consult an Expert or Lawyer
Apart from doing personal due diligence, it is a good thing to speak to an expert in the field of offshore banking. These experts will have lists and detailed information about reputable offshore banks. They could well make your process quicker in finding that right offshore bank for you.
2. Understand What is Required of You
Each offshore banking jurisdiction has it's own requirements for successfully opening a bank account there. Some of the common requirements are listed below;
a) Proof of Identity - your name, contact information, banking references and passport# are commonly asked for for personal accounts.
b. Stable Origin Country - many offshore regions will not accept clients from known politically unstable or corrupt countries.
c. Minimum Bank Account Balance - Many offshore banks will require you to maintain a minimum balance in your account or they will not approve your application and / or terminate your account.
3. Apply for the Account
Opening an offshore bank account might cost anywhere between $0 and $1,000, depending on the bank and the account type. You can submit the application either online or through paper.
See Also
Which Offshore Bank Account is Right For You?
Getting High Yield Investments With Your Money
Frozen bank account
External Links
Offshoreinfo.com
Offshorelegal.org
En.wikipedia.org
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Be Cautious Getting Involved As A Co-signer On A Loan
Having good credit is very important for all individuals because it is going to affect your ability to purchase things in the future. If you have decent credit, you may be able to get a credit card but it will have high interest applied to it. You may be able to buy a vehicle or qualify for a home loan, but you are going to pay more in interest for them as well. All of these scenarios are going to cost you more money in the long run - and it can add up to hundreds of thousands of dollars.
Just because someone has bad credit doesn't mean they are irresponsible though. There are some times when it is a very nice gesture to be a willing co-signer on a loan. It could make the difference between someone getting the money they need to go to college or to get transportation to keep their job. Some people have bad credit because of circumstances beyond their control in their life. It can also simply be that they have no established credit yet.
When an individual needs a co-signer in order to get a loan, they are going to turn to those they have a good relationship with. They are also going to pursue those that appear to be responsible with their money. It is important to understand that you are not obligated to be a co-signer on a loan. You do have the right to tell them it isn't something you are able to do. However, once you do sign that loan with them you are committed to it until it has been paid for in full.
Some individuals have found being a co-signer on a loan makes it difficult for them to get a loan of their own. It can also be very stressful for the relationship when one individual is a co-signer. Seeing someone blowing their money and not making those payments can result in the relationship not being salvageable.
Even if you have an excellent relationship with someone, nothing can ruin it faster than money. If they aren't paying the loan as they promised you will be feeling it in your heart and in your pocket book. For many individuals, this is just too high of a risk. You also will find that if you co-sign for one of your siblings or one of your children, the others are going to expect it from you as well when they need help.
As you can see, there are many issues to consider when you are thinking about being a co-signer. If you have a bad feeling about it, then trust your gut reaction and don't get involved. You may feel better making such a decision after you have talked in detail about the specifics of the loan. Some people just have a pattern in their history of not paying their bills so you want to steer clear of co-signing anything for them.
Should you decide to co-sign on a loan with someone, there should be some guidelines in place. If they aren't willing to agree to your guidelines, then tell them you aren't able to help them. Since your credit is going to be on the line as well, you should be talking to the lender with them. Find out the terms of the loan including the length of time and the payments. Set it up so that you are notified if they don't make the payment. You can also ask the individual to show you proof each month that the payment was made.
There are some people that don't want to get themselves wrapped up in a co-signer role. It is too risky to their own personal credit and they are worried about damaging the relationship with the individual. You need to take your own financial situation into consideration first. You definitely don't want to end up not being able to get the loans you need in the future because you went too far out on a limb for someone else.
See Also
Bad Credit Unsecured Personal Loans
Bad Credit Loans Guide for Everyone
Bad credit loan needed? - Canada Bad credit? Need a loan?
External Links
Bizfinance.about.com
Banking.about.com
Investorwords.com
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Real Estate Bubble – What's In A Name?
Most people have heard of a real estate bubble, or might be familiar with the idea that a rise in prices often bursts like a bubble. Others might not be quite so familiar with the term, but will understand that the selling and buying of any commodity goes through ups and downs.
But just exactly what is a real estate bubble and how does it affect buyers and sellers of property? The basic definition of real estate bubble includes reference to a quick rise in property values that often covers both residential and business property. The result of this increase throughout the market is inflated prices that might be good for the seller but not so good for the buyer. Ultimately, the buyer is taking more risk when purchasing a home or building during this part of the cycle, because real estate values may go down, leaving the owner with property worth less than the purchase price.
Some observers of the real estate scene have had heated debates about what makes a real estate bubble and what is really just a good home-buying market. There really isn't a number or price level that determines this. Often the potential homebuyer or investor has to rely on the so-called "experts" to tell him or her where the hottest markets are and where a real estate bubble might exist.
Bubbles in any industry carry risk and instability with them, while a "boom" or genuinely heated market may have less risk. Over the past few years, a number of consultants and financing companies have prepared reports intended to identify where the best home-buying areas are. In addition, these studies can show the buyer and seller where a true real estate bubble exists, helping these folks avoid some of the risks that come with a potential "bust" in prices of properties.
One factor to understand when considering the idea of a real estate bubble or "up" market in real estate is equity. Simply put, equity is the amount of value the owner has in the home, as compared to the value still held by the bank or mortgage lender. If the bank has a huge portion of the value in a home that is part of a true bubble, the homeowner could be at risk. The lender still expects you to pay based on the numbers in the loan agreement, while the market has dropped the street value below the loan amount.
As one expert noted years ago, the market in any commodity, including real estate, will fluctuate. Prices will go up and down over a period of time. There may even be some eye-opening rises and drops in price. That's why patience is a key to realizing profit from sale of a home, as well as in buying property. Catching real estate prices at a low point can be the start of a great property investment. It is always a good idea to be informed of the potential for profit and loss in an strong real estate market, a weak market or in a true real estate bubble.
About the Author:
Eric Slarkowski pens especially for Alicante-Spain, an online publication with information about Costa Blanca and Alicante. His publications on torrevieja property can be found on his website . You are welcome to reprint this article - but get your own unique content version here.
See Also
What is a Lease?
Real Estate Evaluation – What Is It Worth?
Online Real Estate - Great Potential
External Links
Articles.moneycentral.msn.com
Therealestaterenegades.com
Economywatch.com
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Financial Planning Retirement Seminar - What To Look For...
Looking to attend a financial planning retirement seminar? What are the things to look out for? Here are some things to take note. Before attending such a seminar, do know what your expectations are and what the people organizing the seminar can deliver. Usually, part of the financial planning retirement seminar will include sales pitches on products propagated by the organisers.
This is perfectly alright and is an industry practice. However, you do have to be conscious of your own needs in terms of such financial services and products. Some subjects that should be covered in a typical seminar like this should include personal financial planning, retirement, savings and investment as well as other similar subjects.
A number of retirement planning seminars may have some speakers promoting the use of risky financial instruments in order to achieve higher investment returns. Of course the logic is that with higher returns, you can have a more comfortable and secure retirement in future. This is of course a good thing, but you must first know your own risk appetite and profile. One way to do this is to talk to a competent and professional financial planner.
The old saying of "caveat emptor" (buyer beware) is a good description for this, even if just figuratively. The point to note is that in personal financial planning (and especially in the area of investment) it is wise not to get involved in anything that one has no clear and thorough understanding of. In fact, the financial planning retirement seminar is the avenue for you to better understand the type of financial instruments and investments that will help you retire comfortably. It is definitely not the place for you to lose your "sweat and blood" funds that are meant for your retirement. There is really no need to feel that you have to agree with everything the speaker says. Do remember that some speakers do have commercial objectives to be speaking at such seminars.
Ready to attend the seminar? Before that, start by asking yourself some questions on what you are trying to achieve. The questions can be along the line of " how much should I save for retirement?", "what kind of lifestyle do I want during retirement?". These questions may seem basic, but they are important. They will help shape your expectations of what the retirement seminar can do for you.
For instance, most financial planning advisers will suggest that your retirement income should be about 60% to 80% of your present income. There are several reasons for this financial planning "rule of thumb" - but all these reasons may not apply to you. Only you will understand your own needs. Thus, only you should decide. And in order to do that effectively, you must have a robust personal financial plan in the first place. If you do not already have a plan, then hopefully attending a financial planning retirement seminar will start that plan rolling. If you already have one, it may be a good opportunity to enhance it. All these form part of good personal financial planning.
About the Author:
Look for more tips and treats on personal financial planning from Simple Financial Planning. Once there, download the free ebook on getting rich. Get your own completely unique content version of this article.
See Also
What is retirement planning?
A New Year And A New Financial Plan
Role Of Personal Financial Planning
External Links
Wisegeek.com
Learnfinancialplanning.com
Careers-in-finance.com
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Real Estate Evaluation – What Is It Worth?
Real estate investment is a proven way to make money, if the investor has a good plan and realistic goals. Yet, even the most careful plan can be short-circuited by abrupt changes in property value or inaccurate information about value.
That's why real estate evaluation is so important to the process. Some people new to the business may think that finding the real "cream puff" or "diamond" property is most important among all property tips. While investing in the right property, based on value, is certainly a top priority, there are ways to make a nice profit from virtually any real estate, if the proper path is followed.
If this is the case, how does the investor go about finding the correct investment opportunity? Some have taken advantage of the new and plentiful opportunities offered by the World Wide Web and Internet connections. Finding property can require hours of search and research, though the electronic information available expands the possibilities and makes locating properties less stressful.
Owner sales, real estate agents/brokers and multiple listing services are among the types of listings that may contain property with just the right value. Tip: Be sure to understand licensing requirements. It may be best not to take all the information at a face value. Healthy skepticism is generally a good idea.
As they used to say in the old days, some good, old-fashioned shoe leather will go a long way toward finding good property investments. The best method for evaluating property is making a personal visit. But it probably won't be enough to just visit the individual site. Plan to take a good look at the surrounding neighborhood or business area. Talking to some of the other property owners can uncover some necessary details or answer a few critical questions about the true value of the property.
In fact, many real estate investment professionals make two or more visits to the property, to experience the area in different weather conditions or on different days of the week, for example. This practice can also lead to information from some neighbors who weren't available on the first or second stop. (It's certainly not fun to visit investment property during a rainstorm. But this may be the best time for the potential investor to discover problems).
Property inspection by a professional is a great way to take some of the doubt and stress out of real estate evaluation. A few dollars spent on this step can be recouped with a good sale later (and repeated use of a trusted inspector). But it is always important for the investor to study the inspector's report carefully, to become familiar with all the flaws, major or minor, that come with the purchase of property.
When working with the value of real estate, remember that prices and costs are almost always negotiable. Properties are generally not "perfect" so, when discussing the value of a home or business take time to understand the smallest details. This is where real estate evaluation begins.
About the Author:
Linden Walhard is publishing predominantly for Alicante-Spain , a website covering information on Torrevieja . On his site one might see his publications on Cartagena and properties in costa blanca. Don't reprint this exact article. Instead, reprint a free unique content version of this same article.
See Also
What is a Lease?
What do I need to know when purchasing a foreclosure real estate property?
Online Real Estate - Great Potential
External Links
Articles.moneycentral.msn.com
Therealestaterenegades.com
Economywatch.com
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What does a Collection Company Do?
What is a collection company?
The two most likely scenarios are.
Some creditors will actually use a separate company name, address, and phone number for their internal collection departments, in order to give the impression of an "outside" agency, on the theory that debtors will take it more seriously. This strategy is generally only used when the debt is recent (under six months delinquent.)
However, the most successful collection activity is performed by an outside third-party collection company. Separate from the original creditors or 1st party they are able to work debts on behalf of all lenders. They, from time to time also buy bad account which have been designated as charge-offs by the original creditor.
This information focuses on 3rd party collection companies.
How do they earn money?
3rd party debt collection companies often work on 100% commission, where they only get paid when they recover funds. Collectors are usually paid a small hourly wage plus commissions and/or bonus based on results.
Some agencies also purchase large groups of charged-off bad debts for a small percentage of the face value (amount owed.) After a debt is sold, the debtor now owes the full amount to the purchaser. Since the chances of recovery decrease substantially with time, an agency might only pay 1% - 5% of face value. The agencies' profits come from the difference between the purchase price and the amounts that are eventually collected.
How does the collection company work?
The main tools of a collection company are dunning notices and phone calls.
What are the letters like?
The dunning letters are computer-generated, and are often in a standardized series which starts with a non-threating, "reminder" tone, and may progress to ultimatums. The letters are pre-written and sent to many debtors; they are not personal.
The first letter must state that the recipient has the right to dispute the validity of the debt (in writing), and the agency must send some confirmation after verifying it with the original creditor. Collection letters must also contain the statement that they come from a debt collector, and that any information gathered will be used for the purpose of collecting the debt. Collectors are legally prohibited from printing anything on the outside of the envelope which indicates or suggests the nature of the communication. Even the return address must be discreet, so many agencies will just use their company's initials, or some other nondescript name.
The debtor's reaction to the notice will affect which additional notices the company will select from its library. Cooperation (e.g. making payment arrangements and/or partial payments) may result in letters with a gentler tone. Shifty or unfavorable reactions from the debtor may result in a more threatening tone.
Collectors attempt to create a sense of urgency, to try and collect the debt within the shortest amount of time. This hopefully will encourage the debtor to prioritize that particular obligation. Deadlines may be set, such as, Pay this amount within 10 days. There may also be threats, such as, ...Or we will proceed with further collection attempts. But most of the time, if a debtor fails to meet the deadline, all that will happen is that yet another dunning letter will arrive, making the same basic demand. The & further collection action usually just means more dunning letters.
Collection letters will always persuade the debtor to call the collection company directly on the telephone. If the debtor doesn't call within 30 days, then a collector will often call the debtor.
What are the telephone calls like?
Individual telephone collectors may be assigned a group of accounts, and spend their entire workday, every day, calling them. Their enthusiasm is fueled by frequent performance evaluations and personal commission payments. The size of a collector's own paycheck is dependent upon how much money s/he extracts from debtors. Between that factor, and the relentless confrontations, this is a very high-stress job, with high employee turnover.
If a debt collector calls and reaches someone other than the debtor (e.g. a boy/girl friend), s/he is legally prohibited from disclosing that "this is an attempt to collect a debt." Each state has there own laws but this may or may not include the debtor's spouse. If the collector reaches an answering machine or voice mail, s/he will often leave an approved message, but is prohibited from giving details for the call, since someone besides the debtor may hear it. The basic message goes something like, "I am calling for ABC Company. It is very important that you call me back. My name is JR Rooney, and my number is 1-631-776-8109." S/he will typically sound rather apathetic and sonorous. Collection companies may be required to provide a phone number which is free for the debtor to return the call. They also may attach their toll free numbers to caller ID equipment which will instantly identifies and logs the phone number the debtor is calling from, in order to call the debtor at that number in the future.
When contacting a debtor, many collectors (especially those with very little experience) will use an approved script, which contains a pre-written introduction, demands for payment, and has various branches to follow. Based on how the debtor responds, rebuttals are also provided. If a particular debtor is wasting too much time, without agreeing to pay, the collector will be urged to move on to other accounts.
Any information that the debtor gives about his/her financial situation (e.g. income or job status, etc.) will be noted on the account record and used to estimate the chances of a recovery, the appropriateness of legal action, and so forth.
But what can the collection company actually do?
If they are working the debt on commission, they can send some more form letters and make some more scripted phone calls.
They can also mark the item as negative with the credit bureaus. If they are working on contingency, they can recommend filing suit, or if they own the account, they can file suit. However, the actual chances or intentions of this are often significantly less than they try to suggest to the debtor.
Collection companies can not legally seize a debtor's assets, bank accounts, or paycheck unless there has already been a successful lawsuit with a judgment awarded to them.
Collection companies can not legally make any kind of public announcements or disclosures concerning the debt, except to the credit bureaus.
Collection companies can not legally get a debtor fired from his/her job.
Collection companies can not legally engage in any type of physical violence or threats to collect.
Why do debtors pay?
Often, the reasons include anxiety, guilty conscience, persuasion, and a lack of education of the legal situation. Plus it is the right thing to do.
The debtor may feel guilty and ashamed of being a "deadbeat," and may perceive a judgment of his/her value as a person.
The debtor may have greatly exaggerated ideas about what collectors are (legally) capable of doing, and may have outdated stereotypes in mind.
The debtor may be in fear by the ferocious, tenacious, demands, from collection companies that may seem so in control. S/he may take it personally, and assume that great individual attention is being given to there case.
Customers being contacted by collection companies are usually in serious financial distress, and under emotional pressure about the general situation, so they may be confused and defenseless.
Many debtors aren't aware of their legal rights, and feel powerless.
There are two useful tools that a collection company can actually do that a debtor should be worried about. These involve negative information being reported to the credit bureaus, and the unlikely probability of a lawsuit.
What about credit reports?
Third-party collection companies may report a debt to one or more of the credit bureaus, as a "Collection Account," including the amount, and whether it was paid or not. Paying off a collection account will not result in the item being removed from the consumer's credit reports - it will simply be marked "Paid." Agencies can report both debts that they have bought, and also debts that they are working on behalf of the actual creditor.
Also, a collection company could request a debtor's credit information, in order to get an idea of his/her general financial situation, and to get an updated address and phone number.
How long do collection accounts last?
Collection accounts are subject to the normal 7 year time limit for appearing on a credit report. As specified in Section 605 of the FCRA this time limit is based on the date of the original delinquency.
What is the probability that the collection company will file suit?
If the debt still belongs to the original creditor, a 3rd party collection company cannot file a lawsuit. But if the balance is large enough and the debtor is being resistant and if there are indications that the debtor has vulnerable assets, the agency may send the account back to the creditor with a recommendation to file suit. Every creditor has its own criteria for the final decision; for example, the amount must be substantial (often $1500 or more, at the very least.)
Collection companies try to avoid sending too many accounts back, it gives the appearance that they aren't very good at collecting. Also, letters and phone calls are much less expensive than filing suit.
If an agency has bought a debt, then they have the ability to sue, but by that time, the debt is likely to be rather old, and the agency doesn't have much invested in it.
Collectors tend to focus on fear and intimidation, since those things can work much more quickly, cheaply, and efficiently than legal action.
Lawsuits certainly are brought against plenty of debtors, but not nearly as often as debtors fear. There is a big difference between, "Pay up or we will continue with collection action," compared to an actual Summons And Complaint.
If the debt is substantial and recent, and the debtor appears to be a good target (e.g. reasonable assets or income), a lawsuit is a real possibility. If you are served with legal documents specifying a particular court, hearing date, etc., you should see a qualified attorney immediately. That area is beyond the scope of this FAQ.
Who regulates collection companies?
The most important law is the Fair Debt Collection Practices Act (FDCPA), which places many restrictions on collection activities. The FDCPA only covers third-party collection companies, not original creditors.
Each state may also have applicable laws regarding such things as telephone harassment.
Who enforces the FDCPA?
The Federal Trade Commission (FTC) oversees the debt collection industry, and has the authority to impose fines or other penalties for violations. However, the FTC does not get involved with individual customer cases. Once they receive a large number of complaints they look for patterns of violations which could then lead to action against a particular collection company.
What if a collection company has purchased the debt?
The collection company then becomes the creditor for most purposes. The debtor will not be able to make any payments to the original creditor. The agency might be technically able to file a lawsuit against the debtor, (although this is not likely.)
However, the Federal Trade Commission has issued a Staff Opinion Letter which indicates that, even if a collection company has purchased a debt, it is still covered under the Fair Debt Collection Practices Act as a "third-party debt collector."
What about the relevant time limits?
The debt does not become some kind of "new" debt just because it was sold. For example, the 7 year credit reporting time limit is still based on the original delinquency date with the original creditor. The statute of limitations for filing lawsuits is also based on that same date. These limits can not be legitimately "reset" by a collection company that has bought the debt.
However, the statute of limitations may possibly be reset if the debtor makes a specific promise to pay, or a partial payment.
Can they do anything after the time limits are up?
Yes. The statute of limitations only covers the filing of lawsuits, and the credit reporting time limit only covers bureau listings. There is no time limit on letters and phone calls.
A collection company that has purchased a bundle of "out-of-statute" debts (where the SOL has already expired, or "run") is hoping that, either the debtors will feel guilty, or that they won't be aware of that "out-of-statute" status. But if a particular debtor makes it clear that s/he understands the legal situation, then the collectors are likely to give up and move on to easier targets.
Can collectors call the debtor's place of employment?
Yes, but there are limitations. For example, they can not legally tell your employer about the debt, or try to have you fired.
Is there any way to make them stop calling?
Yes. According to section 805 of the Fair Debt Collection Practices Act:
"(c) CEASING COMMUNICATION. If a consumer notifies a debt collector in writing that the consumer refuses to pay a debt or that the consumer wishes the debt collector to cease further communication with the consumer, the debt collector shall not communicate further with the consumer with respect to such debt, except --
(1) to advise the consumer that the debt collector's further efforts are being terminated;
(2) to notify the consumer that the debt collector or creditor may invoke specified remedies which are ordinarily invoked by such debt collector or creditor; or
(3) where applicable, to notify the consumer that the debt collector or creditor intends to invoke a specified remedy.
If such notice from the consumer is made by mail, notification shall be complete upon receipt."
So the consumer can just send a 3rd party collection company a written notice (preferably citing the FDCPA), ordering them to stop the collection letters and calls, and the company is legally obligated to comply. The only permissible contact thereafter is to notify the debtor of specific "remedies," like legal action, but usually the collectors won't even bother.
If the creditor hasn't decided on whether or not to file a lawsuit, then that decision may be made at this point, rather than being delayed.
After a "cease and desist" notice from the consumer, the debt may then be returned to the original creditor, passed on to another 3rd party agency, or simply filed away as uncollected, depending on the circumstances. The agency may still report the account to the credit bureaus.
See Also
Bringing an End with Collection Agency Calls
Common Problems Dealing with a Collection Agency
Collection Agencies-Kung Fu System
External Links
Collectionagencyservices.net
Investopedia.com
Moneyproblems.ca
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Some Of The Benefits Of Corporate Credit Cards
There are plenty of great benefits to be found with corporate credit cards. Since they will help you to be able to get what you need for your business, it is important to have the right cards. Just like personal credit cards, they are going to very in credit limits, credit terms, and the rate of interest you have to pay on them. You definitely want to pay attention to all of these details.
It is important to try to reduce your expenses as much as you can for your business. This is going to result in more of the money coming in being a profit instead of having to be used to pay another expense. Do you know how much your corporate credit cards cost you to use? If not, then you need to find out before you continue using them. You may discover there are frivolous fees such as one each year for the use of the card or processing fees.
Be very careful who you apply for a corporate credit card with. You will be giving them all of your business related information for them to make a decision. Before you apply you want to make sure they are a reputable company to do business with. You will save yourself a great deal of trouble if you find this information out in the beginning. Pay attention to what other consumers have to say about them and also look for complaints filed with the Better Business Bureau.
The choice of corporate credit card company may be dependent upon what your needs are. Many of these agencies that can offer credit cards for your business understand you may need many cards to meet the needs of the business. They certainly understand that you don't want a separate account for each individual. For your top employees that travel to confirm business deals, they will need to have a corporate credit card they can carry with them.
You will find many corporate credit cards come with rewards programs and benefits for you as well. They want to be able to offer you something that stands apart from the competition. One of the most common benefits is frequent flier miles when you use the corporate credit card. You can use them to get free business trips or even to enjoy a great vacation for yourself.
Some corporate credit cards also offer cash benefits that are determined by the amount of the purchases you make with them. You may not think that this is going to make a difference, but if you end up using the corporate credit card for a significant amount of purchases over the course of the year it does add up quickly. Always find out how the credit card interest rate compares to offers without benefits though. You don't want to find out that you are getting a worse deal that is hidden behind the perks.
Customer service is a very important aspect of a powerful corporate credit card. You want to get the assistance you need for any issues relating to your credit card immediately. If you are finding purchases you didn't make, having trouble with payments, or need to find out information you should be able to get it without any problems. Poor customer service just isn't worth the other perks that the credit card company may be offering you.
Since all corporate credit card offers are different, you are going to have to review each of them individually. You need to know how much it is really going to cost you to use that corporate credit card. The bottom line is that corporate credit cards are very useful and often a necessity. However, you want to be able to benefit from them while paying as little as possible for that option.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcards.com
Economywatch.com
Business.com
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Finding The Best Corporate Credit Cards
Having corporate credit cards is very important for your business. You will need to access them to pay for a variety of business related expenses including travel, meals, and small purchases. Since you will have to pay interest on the credit cards you use, you definitely want to get those that offer you the lowest possible interest rate.
In order for your business to make as much profit as possible, you are going to have to do what you can to reduce your expenses. Throwing away money on high corporate credit card interest rates just isn't going to work well for any type of business. If you don't know how much you are spending on corporate credit card interest, then you need to take the time to find out. With so many terrific offers out there as well, you don't have to accept those that charge you an annual fee either.
You want your corporate credit cards to be issued by a reputable company. Take some time to find out what other consumers have to say about a given company. If they have a history of meeting the needs of business owners then you may want to find out more about them. If they appear to be difficult to work with and others are continually having to work out problems you don't want to get involved.
Will you need several credit cards for one account? This is common for businesses where employees have to have a way to pay for business related expenses. This may not be important to you depending on how your business is set up. Since this type of issue is one that depends on the needs of the business, it may not be a factor that helps you decide if you want to pursue a certain corporate credit card or not.
Look for corporate credit cards that offer you great perks. Since so many companies offer them, you will find that they are really good. Each corporate credit card company wants to out shine the next so that they can get you interested in them. Frequent flier miles are important if you often use the corporate credit card account for travel. You can get enough miles to earn free flights which will save you money in the long run.
Other corporate credit cards have cash reward programs that you can benefit from as well. These offer you a portion of your purchases back in cash that can be applied to your credit card balance. Should your corporate credit card have a zero balance then you won't get anything back. These types of rewards programs are based on the amount of credit you access on the credit card.
Customer service is a very important aspect of a powerful corporate credit card. You want to get the assistance you need for any issues relating to your credit card immediately. If you are finding purchases you didn't make, having trouble with payments, or need to find out information you should be able to get it without any problems. Poor customer service just isn't worth the other perks that the credit card company may be offering you.
Take your time to evaluate the different corporate credit cards that are offered. You may be surprised at all the differences they have to offer you. Make sure you evaluate the cost of using them as well as the perks they offer. You definitely want to have corporate credit cards that are going to save you money. At the same time, you can benefit from the many extras they come with.
See Also
Student Credit Cards Canada
Rewards Credit Cards Canada
Prepaid Credit Cards Canada
Points Credit Cards Canada
Platinum Credit Cards Canada
Gold Credit Cards Canada
Bad Credit Cards Canada
Balance Transfer Credit Cards Canada
Best Low Interest Rate Credit Cards Canada
Rewards Program Canada
External Links
Creditcards.com
Creditcardfinder.com.au
Companiesinc.com
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Ways To Get Truck Refinance
By choosing to take out a truck refinance loan can help you to save money in a number of ways. It will actually help to reduce the amount of money you need to make in repayments each month. Plus you will find that taking out such a loan will end up saving you money on the cost of the vehicle overall. So when it comes to taking out such a loan it is advisable to known what options you have available to you.
Today there are a number of different ways of refinancing your vehicle and which option you go for depends on a number of different factors. It depends on what you actually want and need from the loan as well as what your current financial situation is. Below we take a look at what options you have available to you when it comes to refinancing.
1. Refinance Through The Truck Manufacturers - A lot of people prefer to get their refinancing in this way rather than using other options, because they feel that they will be able to negotiate a much fairer and often lower rate of interest.
If you select to use this option for your financing you need to first make sure that your credit rating is in good order. If you find that there have been no significant changes to your credit rating or it is worse than when you initially took out the loan it is better to stay with what you have got rather than refinancing.
2. Bank Refinancing - If you have a good relationship with your bank then this may be the obvious option for you. So why not talk to an adviser at your bank and see what they can offer you may be surprised that they offer a much more competitive rate than if you went through a loan company.
However if you want to make sure that you get the best rate possible on your loan is if you can find a way to pay the loan off that little bit quicker. So look to see if there is any ways where you can make additional cutbacks in your finances and use the additional money to make much larger repayments on your loans.
3. Refinance Loan Through Credit Union - For those who do not realize it but getting your refinancing through such a facility is one of the best options now avail. In many where people have chosen to take out refinancing through a credit union they have found their interest rate to be much more competitive than either a bank or loan company will offer.
Although the options above are probably the easiest way of getting the refinancing for your truck that you need. However, if you really want to know what is available and want to be able to quickly compare the various loans now available then go online. There are sites which are set up and will quickly and easily compare the various loans being offered by different lenders all at the click of a button. Not only does this take a few minutes to complete, but could end up saving you quite a considerable sum of money over the life of the loan.
See Also
Truck Refinance - Where To Go For It
What does a Collection Company Do?
Some Of The Benefits Of Corporate Credit Cards
External Links
Ezinearticles.com
Christianet.com
Creditcards.com
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Truck Refinance - Where To Go For It
By choosing to take out a truck refinance loan can help you to save money in a number of ways. It will actually help to reduce the amount of money you need to make in repayments each month. Plus you will find that taking out such a loan will end up saving you money on the cost of the vehicle overall. So when it comes to taking out such a loan it is advisable to known what options you have available to you.
When it comes to refinancing you have several different options available to you and which one you go for will be dependent upon certain factors. The option you select will depend on how much you want to borrow and your current financial situation. Below we take a look at the various options available when it comes to taking out any kind of refinancing on a truck.
1. Refinance Through The Trucks Makers - Often people will prefer to do their refinancing through the company who actually makes the vehicle. Simply because they feel that they are likely to be able to negotiate a much lower rate of interest with them.
But if you choose to do your refinancing this way because your initial loan will actually help to determine what your new one will according to your credit rating. Therefore if you find that you have not made any significant changes in your credit rating since taking out the loan initially it is far better to stay with what you currently have.
2. Refinance Through Your Bank - This is another option that many people prefer to use especially if they have a good relationship with their bank. In many cases a quick talk with a loan adviser at your bank will soon tell you whether it is worth your while doing your refinancing through them rather than through a loan company.
However if you want to make sure that you get the best rate possible on your loan is if you can find a way to pay the loan off that little bit quicker. So look to see if there is any ways where you can make additional cutbacks in your finances and use the additional money to make much larger repayments on your loans.
3. Refinance Loan Through Credit Union - For those who do not realize it but getting your refinancing through such a facility is one of the best options now avail. In many where people have chosen to take out refinancing through a credit union they have found their interest rate to be much more competitive than either a bank or loan company will offer.
Although the options above are probably the easiest way of getting the refinancing for your truck that you need. However, if you really want to know what is available and want to be able to quickly compare the various loans now available then go online. There are sites which are set up and will quickly and easily compare the various loans being offered by different lenders all at the click of a button. Not only does this take a few minutes to complete, but could end up saving you quite a considerable sum of money over the life of the loan.
See Also
Ways To Get Truck Refinance
What does a Collection Company Do?
Some Of The Benefits Of Corporate Credit Cards
External Links
Ezinearticles.com
Christianet.com
Creditcards.com
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Mortgage Advice, Do you need it?
It is a truth often spoken that a house is the biggest purchase you will ever make. The experience is both daunting and exciting, opening up possibilities and prospects for the future. Because of the minefield of options and considerations it is extremely important to get the best guidance from people who have not only done it themselves, but have smoothed the process for other people.
Taking out a mortgage requires consideration to be given to many things and if you're not satisfied with the information you receive from a potential lender, then you need to seek out an independent mortgage advisor who is not attached to any lender to get that true independent mortgage advice that you really need.
An opinion from a qualified mortgage advisor needs to be independent so that they have your interests at heart, and not those of the lender. Dealing with advisors who are tied to mortgage companies could potentially mean that you are lead into mortgage deals which are more rewarding for the bank but not necessarily good for you. Independent advisors will consider everything about your house-buying situation and they will enlighten you in all areas of the deal. In addition even if your tied mortgage advisor does have your best interests at heart they are always only able to recommend products from their own companies portfolio which may not serve your interests better than another lenders product.
A very good example of this is the interest rate itself. When you get independent mortgage advice the broker or adviser will normally tell you when the best time is to sign for the mortgage deal they could recommend you delay for a couple of weeks. The reasons for this could be many but one example is that they might have heard interest rates were due to fall and your delay could benefit you with a better deal.
Furthermore, independent mortgage advisors tend to have their own network of people within the industry which allows them to sound out special offers, anticipate upcoming changes, and exchange advice with each other on the best lenders to use and which lenders are offering the best products.
They will also know the trend in the housing markets. If property prices are heading down then they might suggest waiting several months before purchasing a home so you don't over pay for the house. They would also know if the market is on the rise and tell you to proceed quickly so you can lock in a price before it goes up any further.
Now that you have decided to go ahead and buy a house or even get a remortgage your mortgage adviser should be able to guide you through the process. There will be quite a lot of things that you will need to have available for example, proof of identity, pay slips, accounts if applicable, and even bank statements. Having all this paperwork will always speed up the whole process as it means the lender will not have to ask for it later. A good mortgage advisor will be able to ensure you have the right paperwork ready.
No matter if you are an old pro and have signed several mortgages or if you are a first time home buyer getting advice from someone that has no vested interest in whether you accept the terms of a mortgage is a good idea. Using an independent mortgage advisor will ensure that someone is looking out for your best interest.
Signing for a mortgage is a big step and if you have any doubts or uncertainty then you should get mortgage advice. This advice can literally save you thousands and they will walk you through all the steps that come along with applying, accepting and signing for a mortgage.
About the Author:
Advice on mortgages from qualified Independent Mortgage Advisors guidance information and free to use mortgage calculators please visit MortgageRoute This article is available as a unique content article with free reprint rights.
See Also
Mortgage and Loan Agreements in Canada
What is Mortgage Insurance?
Getting A Mortgage After Bankruptcy
External Links
Economywatch.com
Freddiemac.com
Wisegeek.com
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The Benefits of Forex Mini Trading
Most people would tend to believe that investing in forex trading would need a large startup capital, so most of them wouldn't even entertain the thought. They would resist accepting any offers to trade in forex, and continue trading stocks. To those people who want to invest in forex trading but have little capital, there is an option for you, which is investing in forex mini trading.
Participating in forex mini trading is a great income earning endeavor that can let people set their own working hours as well as enjoy a high profitability potential. This uses a different leverage calculation than regular forex trading.
Instead of trading full-size currency lots, which is 100,000 units, one will trade small lots that are one tenth of the size, or 10,000 currency units. This already decreases the risks one takes.
These are some of the other main features of forex mini trading:
1. You only need a low minimum starting capital, which is 300 dollars to create a forex mini account. This is very affordable compared to other business endeavors which need bigger startup capital.
2. You can get a high leverage of up to 200:1 in a forex mini account. A small margin deposit requirement of $50 per lot traded is given. A high leverage is a great way to achieve a huge profit in a short time, and this is evident in forex mini trading.
3. One pip is equal to $1. When one is trading in pips, the amount of risk given to the new forex trader is lessened. In forex mini trading, there is only a small amount lost in every losing transaction. This allows for more discipline as well as less pressure in trading. Example, if one has a 10-pip floating loss, this only translates to only a $10 loss, compared to a $100 loss on a 100K account.
4. 10,000 currency units is the contract size in forex mini trading, a tenth of the amount in regular forex trading. This means that there is less risk in trading. This prevents one from making hasty and ill-advised business moves that could lead to a lot of losses. As one can gain more experience and discipline, he can deal with bigger amounts with less risks.
You can enjoy the same features as well as the same benefits in forex mini trading and regular forex trading. They have the same modern software, charts, resources and other sources needed to help them make decisions. This is perfect for people who are quite new to forex trading and those who want to join, but have limited capital. The great thing about this is that one develops a lot of discipline and decision-making ability since one is trading in lesser amounts. This means a whole lot since the risks and dangers in regular forex trading is lessened.
External Links
Investopedia.com
Forexminitrading.org
Miniforextrading.org
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Bad Credit Auto Loan - Rules of Car Financing
There are more ways than ever to take out a auto loan even with a bad credit rating. Dealerships, online lenders and high risk lenders are all willing to lend money to those with credit scores of less than 600. Low credit scores can be the result of divorce, bankruptcy, poor financial decisions and medical emergencies. Since the risk is high when loaning money or extending credit to those with bad credit, lenders often charge higher interest rates than that of normal loans.
With bad credit in order to take out an auto loan with favorable terms, you should research the market thoroughly. One disadvantage is if you submit your loan application to many companies, it can actually decrease your credit score making it much harder for you to get an auto loan. Find the best company for your needs and submit your application so your credit score is only checked once.
It's also possible to take out a auto loan through the use of a home equity loan, since the interest rates on these loans are usually lower. In addition, interest on a home equity loan is also tax deductible. Of course the major disadvantage is you put up your house as collateral and if you default on the loan, you could end up losing your home.
Before you decide to take out any car loan you'll have to find out the true value of the vehicle you want to purchase and deduct the amount of money you have on hand for a down payment from that value. This helps determine how much money you'll need to borrow. You will also have to estimate what you're going to end up paying every month and make sure you can afford it.
These steps will help you decide exactly what your financial situation is and whether or not you'll be able to take out a car loan with a below average credit score.
Rules of Bad Credit Car Financing
Nowadays with bad credit even car financing can be done online or through auto dealerships. It's smart to check with at least 3 different sources for quotes before financing an auto. This can be easily done through a car loan broker. Here you'll complete an online information request form and the broker will negotiate with a number of different lenders to get the best rate for you.
Even though car financing is easier than ever, it's not without some drawbacks. If you have carry a low credit score, lenders will more than likely charge you a high interest rate and require a larger down payment. This is done in order to compensate themselves for the risk they take in giving you a loan.
If you pay a large down payment when you getting your car financing, you may be able to negotiate a lower monthly payment. This would allow you to pay off the loan faster.
It's also important to be aware when financing a car with bad credit of how many lenders you submit applications to. Good advice is to submit to only one. Your credit score can actually go down if it gets checked again and again. Most experts recommend that you find the best company for your needs and then submit to them.
If you have bad credit it's wise to lower your bills by possibly looking at a debt consolidation loan for bad credit individuals and try and improve your credit score before attempting car financing and then apply for a loan.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Bad credit loan needed? - Canada Bad credit? Need a loan?
VFC Inc. Auto Loans Discussion Forum
Bad Credit Car loans? Who provides them?
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Refinancing And Improving Credit Scores
It's a common misconception that people with bad credit cannot get a loan or anything financed. That is nothing more than a myth.
Many companies specialize in loaning to these types of individuals and can help you with financing no matter what your credit rating is. So, refinancing with less than perfect credit isn't really a problem today. However, it helps if you know what you're doing.
The first step before going down the refinancing path and talking with any lenders is to find out what your current credit rating or score is. With your credit information in hand you'll be in a much better position to know if you have bad credit and some steps you can take to improve your credit rating.
There are several indicators lenders use as Bad Credit or Bad Risk Indicators:
If you have a FICO score of 620 or lower. In the past 12 months you have had 2 or more 30 day delinquencies or in the past 12 months, you have had a 60 day delinquency. If there has been a foreclosure of a charge off against you in the past 12 months. If you have filed for bankruptcy in the past 60 months or have been declared as bankrupt. If your debt to income ratio is 50% higher (simply stated, your income can't cover debts)
Knowing your credit score is vital before deciding look at any refinancing options. Other areas that need to be looked at are your credit history as well as any collateral you're willing to put up and naturally, your current financial position which ultimately determines your ability to pay back any loans.
When looking for a lender try to find a company who can process your loan in house as opposed to outsourcing. This saves both time and money. It's also a good idea to seek out a loan counselor who can offer sound financial advice. Many companies now offer you the ability to check the status of your loan online 24/7. Shopping around for rates and terms will insure that you get the best deal.
Helpful Tips for Erasing Bad Credit
Having bad credit can have a negative affect on a number of things in your daily life. It may be the difference between not being able to get a loan or credit card on favorable interest rates or terms. It can also impede you from getting certain jobs. Working to maintain a good credit rating and working to erase bad credit information is vital to reduce the cost of living.
The most important thing to do in erasing bad credit is repaying old debts. Doing this means no more new negative reports on your credit history. The next step is to add some positive points to your credit report. This can be done several ways: open a new savings account, obtaining a new credit card and keeping the balance low or even refinancing with a home equity loan to repay old debts.
There are other things to consider if you are serious about getting rid of the bad credit stigma. Try to avoid bankruptcies, tax liens, and collections.
Take steps to reduce the number of credit cards you carry, consider a bad credit debt consolidation loan, and ask a friend or relative to co-sign a small loan or credit card that can help you to re-establish credit. If you do this make yourself accountable to them and let them help you turn things around.
It's also essential when working to erase the bad credit label to make your current payments on time and check your credit report on a regular basis for errors. You can do this once per year with no charge.
While cleaning up the habits of bad credit is possible, it does take time, sometimes as long as 7 years. And remember that while your credit score might rise slightly, it can take some time to wipe out the damage done over the years of bad spending habits.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
The Importance of Your Credit Rating
Credit Rating Scores And How They Affect Credit Card Applications
Understanding Your Credit Report and Credit Score
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Bad Credit Hounding You - Tips to Open a Credit Card Account
Even with bad credit it is not difficult or impossible to open a credit card account. There are a few easy steps to follow to give you a better chance of success. The first thing to do is to get a secured credit card. This is a credit card in which you give the company a fixed amount of money and they issue you a card with that amount set as your limit. This requires you to open and maintain a savings account as security.
For some they think it's a good idea to try and open a credit card account with a small retail store since they are often more willing to give you a chance. Should your application be accepted, make a very small purchase and then pay the card off when the bill arrives. This will help build your credit score and allow you to avoid paying hefty interest fees and late charges later on.
If your bad credit prevents you from opening a credit card account at a retail store, try your bank, savings institution or credit union. It's important when trying to open a credit card account you continue to pay your bills on time every month also avoid getting credit cards that require an annual fee.
While it is more difficult to open a credit card account with bad credit, it can be done. And if you find yourself successful, remember to do whatever it takes to make the monthly payments on time so over time your credit score will go up.
Secured Credit Cards
People who are just starting their credit history or who have a bad credit rating are prime candidates for new credit card account. Often these cards are secured and can be very helpful in building up a credit rating.
Before applying for any card, find out how much the fees will add up to and if your money will be refunded should you be denied the bad credit card.
A secured bad credit credit card, money is deposited into the savings account in a fixed amount, typically anywhere from $500 to $1000. The money is then drawn from this account when purchases are made.
With this set-up the credit card company isn't required to supply any funds for any transactions and therefore, don't face any risk. You will need to periodically add money to the account so you can keep using your bad credit credit card for additional purchases. The work much like a debit card.
Getting a secured bad credit credit card is typically easier than traditional cards because you supply the capital that you'll be charging against. However, even though the process is simpler, a secured credit card because of bad credit usually comes with higher fees. Reducing debt and building your credit score back up, you can begin to apply for unsecured credit cards which are often less hassle to use.
About the Author:
Dealing with bad credit and debt head can can improve your life and reduce stress. Taking steps to reduce debt is a good start to getting your financial life back on track. What steps can you take for debt reduction. Visit EverLife.Com to learn more... Don't reprint this exact article. Instead, reprint a free unique content version of this same article.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
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This is a general term for insurance against loss by sickness or bodily injury. It typically includes coverage for expenses such as doctor visits and hospital stays, and can cover normal and preventive care such as check-ups, prenatal and baby care. Health insurance can be made available to individuals and families. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. The plan can be customized to suit the unique needs and the premium payments are treated as medical expenses under the Income Tax Act. Therefore a small business owner will receive a tax deduction while his employees will get a non taxable benefit.
Canada's national Health insurance program, often referred to as "Medicare", is designed to ensure that all residents have reasonable access to medically necessary hospital and physician services, on a prepaid basis. Instead of having a single national plan, they have a national program that is composed of 13 interlocking provincial and territorial health insurance plans, all of which share certain common features and basic standards of coverage. Canada's regionally based Medicare systems are cost effective partly because of their administrative simplicity. One of the most important things you need to do as soon as you arrive in Canada is to apply for a health insurance card.
All members of the family, including newborn babies, must possess their own card. The application form can be obtained from the provincial ministry of health office, any doctor's office, a hospital or a pharmacy. If necessary, the immigrant-serving organization in your area can help you fill out the form. To apply for a health card, you will need your birth certificate or Confirmation of Permanent Residence and passport. The permanent resident card may also be presented. In most provinces, you will receive coverage as soon as you apply.
There are a few companies in Canada that offer Visitors to Canada Health Insurance at a reasonable price and one such company called Expert travel financial security stands out far above the rest with a superior product, at an excellent price, and a very good service. This insurance is purchased by the day, and is available from 1 to 365 days. The premium is payable in full at the time of purchase. Any visitor to Canada for any reason - recreation or work, regardless of his status, on a work visa or with landed immigrant status, and covered or uncovered by one of the provincial healthcare plans, or awaiting coverage, a Visitors To Canada Health Insurance plan may provide the coverage. Visitors to Canada Health Insurance is intended to cover all or part of the costs associated with medical issues that are sudden and unexpected. They may not provide coverage in some circumstances like engaging in professional or dangerous sports, acts of war, etc.
An Added advantage for the Canadians is they can access the various health programs anytime and from any part of the country without any hassles in a cost effective manner.
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What is Car Insurance 2?
Be it in the country of Canada or any other place, insurance for your car is very important. The rates of the car insurance may be quite high. So here are a few tips to keep your insurance rates for your car as low as possible. The first thing to do is to shop around. This is the only way in which you will know of the best insurance that your car can get. The next thing if you have more than one car is to make sure that all the cars that you own are on the same type of policy. Most of the companies for car insurance will offer you with a discount for multi vehicles and this can go all the way up to fifteen percent which is not a small amount. By doing this you can save a lot more money than you think of. Insuring your home as well as your car with the same policy is an idea that is equally great. If you have old cars then you can also think about dropping down the collision coverage.
Make sure that you purchase collision coverage only if you think it may prove to be useful in your case. Because the older the car the deductible insurance also is low so if you do spend a lot on this collision coverage then you will be wasting your money. Driving carefully is the most important thing when it comes to car insurance. If you have a bad record of driving then the insurance premiums are generally higher. The rates of insurance for your cars are based on the history of that car. Cars that are most likely to be stolen or those cars that have been known in accidents are all those for which you will have to pay higher insurances. So make sure you drive a low risk car both for your benefit as well as for money saving.
If you are in Canada and you drive to work then the insurance rates for your car will be higher. This is because the more you are on the road, the more are the chances of you getting into accidents. If you are new to the field of driving and if you have undergone an approved driver training course then you get a discount on your car insurance. Having extra theft protection for your car will get you a discount on your insurance for your car.
All the drivers in the country of Canada will have to have at least a minimum of about $200, 000 for the third party liability coverage. This is to cover the injuries to any other person or their property when you cause an accident in the traffic. Each and every province in the country of Canada will need the drivers to carry coverage for their very own expenses when it comes to medical terms and also loss of income that results from any sort of injuries relating to driving.
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What is a Cash Advance?
If you are in the country of Canada and are facing a problem like cash crunch to the end of the month, you do not need to fret about the situation. Here is a solution that may prove to be useful in most of the cases. The option is to get a cash advance loan so that you can overcome the financial emergency of yours. This can be your savior in Canada. You can pay all your bills with no money in hand with cash advance in Canada. These loans are also available online to help solve your problems. So how will this be able to help you. This will transfer money to your account. This may however take a few hours or sometimes gets done in a matter of minutes.
These are all payday loans that range from about $1000 to $1500 dollars that are generally given to lend out for all those who need money for a short period of time. You will need to qualify for these loans and you will not simply get them. The qualification for this is very easy. An employment proof and a drawing of salary is all you need to qualify for this loan in Canada. This may prove to be really helpful especially towards the end of the month when your pockets are almost empty. There are no more formalities to this. A onetime fee is one thing that has to be paid when the lender gives back the money from the one who borrowed it from him or her.
In Canada these advances are very useful in situations of emergency.
You will never know when crisis may strike you in the form of accidents or even sickness and this is when these loans do come in handy. Do not ever over use these loans as they might put you in trouble. On the other hand there are also people who prefer only to pay the fee for this advance and then keep extending the amount for the loan. This also means that over some period of time the fees from this advance can add up to a great amount that is more than the loan itself. So keep in mind that you do not unnecessarily take these cash advances unless you are really facing a crisis situation and need some cash very badly. Even if you do take a loan, make sure that the loan is paid back without having to extend the time period by which it has to be paid.
You can also get these cash advance in the country of Canada by applying through the internet. There are a number of lenders who will be able to lend you money that comes quick with requirements that are really simple. With these online applications in this country you will not need to get out of your home or office to apply for this loan. You can simply fill an application online and then submit it with all the details and wait to get a loan.
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What are Foreclosed Homes?
When a home owner who has taken a mortgage is unable to repay his mortgage, the bank that holds the mortgage can foreclose the same after moving the court. It can sell or auction off the home to recover its initial mortgage outlay. Such homes whose mortgages are foreclosed are called foreclosed homes. But this is an extreme step taken only when the home owner is unwilling or unable to meet his obligations even after repeated warnings and grace period. Such foreclosed homes make for attractive buys for people with limited budgets and good credit history. However a buyer looking at a foreclosed home still has to pass the background check, have good credit rating and also should consult a lawyer to ensure that the house is encumbrance free. Better to look for any problems than face any unpleasant surprises at a later date.
Due to the technological developments in the last couple of decades, we in the developed world take the internet for granted and do most of our transactions online, whether work or pleasure. To facilitate viewing of foreclosed homes by people who might be interested in them, the Canadian Foreclosure Sales Inc. has created a database of all such homes that are up for sale across the country. This entire database is available online at the click of a button to anyone anywhere looking to buy property in these parts.
Until recently such listings were ambiguous � they did not specify if a sale was court ordered or not. People had to scroll through thousands of listed residential and commercial properties before identifying ones that may be available at bargain prices due to a court order. But with this initiative that has made a foreclosed homes database available online, everyone is happy. The Canadian National and Provincial government and financial institutions have welcomed and felicitated this effort. This database has speeded up the process of sale of distressed real estate by reaching out to millions online, virtually free of cost and cutting across geographical borders.
Also this database enables the interested prospective buyer to keep track of the home he has interest in by its Listing Tracker. Since this is a national database, people from across the country put up their lists on the site. So for someone wanting to buy real estate at bargain prices, this is a one stop shop, with listings from across the country. This is now the preferred go to site for national listings of distressed court ordered sale of real estate in the country. Foreclosed homes make a sensible buy though some have turned it into a lucrative business. As the listing is done online, you can also avail the services of a mortgage broker or mortgage calculator too free of charge. This is just to speed up the process in cases where the interest is genuine. Thus such distressed properties make sound economic sense though one should evaluate them carefully before signing up and buying them.
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What is Debt Consolidation?
It is not uncommon to come across people who borrow money. In fact most of us borrow money at some point in our lives whether it is from a financial institution or from a friend. When we borrow money, it is important that we return it back on time. And when we are not able to do so, most people tend to borrow more money to repay the old loans. The process of borrowing money or taking a loan in order to repay other loans is referred to as debt consolidation. The concept of debt consolidation is very common in many countries, especially in Canada. Most people here borrow money so that they can pay off their older loans. This is mostly done in order to secure a fixed interest rate or to secure a lower interest rate or to achieve the convenience of having to serve only a single loan.
Many people do this in order to have just a single payment to make every month. For example if you have a loan to pay off on four credit cards, then you might borrow a loan big enough to repay the loans of all the four credit cards so that at the end of it all you will have to make only one payment every month. Some people find this a more easy way to make payments. The reason for this is that you will know exactly how much to pay every month and this makes budgeting easy. Also, by consolidating all your loans, you will have to pay a lower amount as interest on the borrowed money. This is because these loans have a lower interest rate when compared to unsecured loans like credit card loans. And these loans also have an extended period over which one can repay the loans.
In Canada, there are several agencies which will help you consolidate your debt. These agencies have a debt consolidation team. What these people do is they will negotiate with the people who have lent you the money and try and reduce the interest rate and the monthly payments. They will also ask them to increase the duration of time so that you will have a longer period to repay the loan. And after doing this, the counsellors will give you tips on how to keep yourself from getting into another debt. They will help you budget your money.
Like everything else, even debt consolidation has its disadvantages. Some people are scared to risk everything and wonder if it is worth it to risk their house. Only when you are confident that you can repay all your loans should you go in to consolidate your debts. Another disadvantage is that you will be paying off your debt for a longer period of time than usual. Though in some cases this might come in as an advantage, in some others it is not. So whatever it is, think carefully before taking any decision and weigh the pros and cons of it.
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What is Disability Insurance?
We humans can never predict when a tragedy, calamity or accident may befall us as we live in an uncertain and unpredictable world. Our only recourse is to insure against any unforeseen and unfortunate circumstances like death, accidents, and disabilities arising out of such accidents. When one is the sole bread winner of the family and gets involved in an accident, he has to find a way to support his family in case of such accidents and any disabilities resulting from them. Such insurance is called disability insurance. In most developed countries, such disabilities are provided for in the social security programs by the government. Or it may be provided by the employers in case of heavy machinery involved in their employees� jobs as a matter of routine. Also in huge industries labor unions provide for such exigencies. In Canada all such benefits are tax free till the person goes back to work.
Mostly such benefits are not large but enough to just sustain the family. The disability insurance provided by the state cannot be used to comfortably live off, but serves as a safety net apart from other insurance policies an individual may have. The second most comprehensive insurance against disabilities comes from the employers as it is in their own interests to have their workers insured against getting hurt on the job. The principle is similar to that of a car owner having third party insurance, where you are liable for someone else�s injuries.
Also a company provided insurance may cover temporary disabilities too, not just permanent ones. If an employee is hurt on the job, the organization may pay him for medical expenses and to sustain himself and his family till he is able to go back to work and fend for himself. Even if the worker gets hurt or falls ill away from the job, most organizations do support the worker till he can get back on his feet and this is done with the help of group insurance for the employees provided by the company. Thus disability insurance is as vital as any other insurance to an employed person to keep his income uninterrupted in case of accidents.
There are plenty of service providers in Canada and it is the policy buyer�s responsibility to check out all available offers for disability coverage and choose the one with the best possible coverage and a reasonable premium. Under Canadian law, though a non-cancelable policy costs a bit more, it has to be honored by the insurance company, while with a cancelable policy the company has the option of increasing the premium or canceling your disability insurance policy for non-compliance. Before selecting the service provider and the insurance package, take the time to study and evaluate details like availability of occupational discounts or preferred premium classification. Also calculate the elimination period (how long till you start receiving monthly benefits) and the benefit period (how long you will receive the monthly benefits) as these factors along with the amount of monthly benefits determine your premium.
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2012-11-13 23:08:19
Cbv Collection Services Problems
same deal,,these criminals sent a bill saying i owe 18,000$..hilarious,,they call me 5x per day..i am taking rogers to court..small claimes..why not y
Comment By:karen cliff
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2012-11-13 13:18:44
Retail Theft Could Get You Sued
I keep receiving emails and phone calls from people who think they can simply ignore the letters from these Civil Recovery lawyers.
Don't.
They
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2012-10-18 08:23:07
Retail Theft Could Get You Sued
Bank statements can be demanded or balloon a day even fail to repay the debts incurred from the varied lenders. The offered amount in such cash untill
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2012-10-09 12:42:44
Credit Repair Canada 3 Things You Should Know
to , take up a new job. Also, reflect on investing in generating a payday advance loan while using classmates and more, typically the segments. The in
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2012-09-30 20:03:01
Cbv Collection Services Problems
I had a telus pay as you go phone from 2003 2008 and now cbv collectons is claiming that i owe over 1500 dollars, the last time they called i called
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2012-09-25 10:19:31
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Had a bogus 'roaming charge' bill from Telus a few years back. Got mad at them and switched providers. It went to CBV. Yes, they are persistent and
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2012-09-23 07:37:50
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While these aforementioned dangers are a cause for legitimate concern, there are other dangers that derive from perceptions that often have no basis i
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2012-09-16 16:42:15
Retail Theft Could Get You Sued
I am sick of all you so called legal counsel, wanting money from me , there was a reason i was stealing the items in the first place, i have no money!
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2012-09-13 11:18:04
Car Repossessed Trouble With High Risk Car Loans
Our car loan was with wellsfargo to begin with then transfered to carfinco,. Have never had a problem with them yet and have less than 2 years left on
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2012-09-02 18:27:17
15 Blog Post Articles That Talk About Equifax
obviously like www.canadianmoneyadvisor.ca however you need to test the spelling on several of your posts. A number of them are rife with spelling p
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2012-08-31 11:32:19
Retail Theft Could Get You Sued
so i went in zellers and i baught bus tickets. then walked around playing with toys, and i was with a friend, we're both adults who like stupid toys.
Comment By:Aj.
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