Saturday, June 30, 2012

Why I might consider leasing my company website?

I recently found an article on WikiPedia that suggested numerous benefits to renting your website. It briefly touched on these, but in my mind didn't really go into half as much detail as I would have liked. As the technical development manager of DriveMySite (a company that specialises in web rentals) I knew I couldn't walk away without adding my own two cents, simply because this is a subject I have had some experience with and felt I could at least contribtute some honest opinions to anyone out there considering a move in this direction. Before going any further I should mention that objectivity was a challenge for me as I have some natural biases of my own but hopefully the reader can take from my remarks some genuine benefits of web leasing.

There are several reason why a company might consider leasing or renting a website instead of buying.

Leasing often needs only a small monthly fee instead of a large fee upfront when buying. Startups looking to make a impact on the marketing opportunities of the web understand that a full blown design treatment along with all of the issues of upkeep and SEO on a shoe string budget just isn't realistic. I've seen some bad decisions made in this area because some companies either didn't have all of the available options at hand or didn't really know what they wanted in the first place.

New small business owners can benefit by saving capital.

This is a primary issue for new startups that need a buffer to protect them against a lot of often unforseeable business expenses. I worked for a company that had a client that spent 14,000 for a well designed website without any good SEO. In effect they ran out of the money they should have used to improve their page rankings and were left with a fantastic looking site with no one to see it. Clients don't always understand this and suppliers in my opinion should inform their clients of this.

If a website is only needed for a short amount of time.

This has often been the case for companies I have worked with that need to run mini campaigns or 'sell by date' type brochure sites. In these cases quick turnaround is the key and having a pre-designed template that can be leased for the duration of the campaign makes good sense. After all why spend all that money if you only need the site around for a few months.

If one is unsure their business needs a website leasing is a way to test without paying for a full price site.

This is great for those 'proof of concept' or 'market testing' scenarios in which you want to test the waters without breaking the bank. I spoke with a colleague today about a business idea he had. He had already invested some money to get a developer to build a database, purchase the domain name and setup hosting. After speaking to him about his idea it was clear to me that what he really needed was a place to showcase his ideas, generate a social networking group to field test this and go from there before spending any more time and money on the idea.

The owner is responsible for the technical aspects and upkeep of the site.

I was recently sat in a meeting with a client that wanted a awesome looking website and told me that he wanted it to be high up on the rankings in Google. He was uncomfortable with my explanation that to do this organically he would need to invest some time to keep the content updated. After talking this through with him I learned that they used a very clunky FTP based method of updating content. It was time consuming and prone to breaking their existing pages which to some degree explained some his reluctance in relation to keeping his site updated. I was able to explain that a good Content Management System can take care of this without the worry of breaking a page. The more reputable site leasing companies provide these. At we provide our customers with Umbraco an open source CMS that has recently been endorsed by Microsoft but more importantly has been used by many of the clients I have with worked with and to good effect.

Changes and updates are often included in the monthly fee.

This has to be one of the best benefits of leasing. Like leasing a TV or a Car you pass it back and get a newer model without the hassle of selling it first and losing money in between. A lot of clients I have worked with would often come to me asking for a feature or technology they had seen on a competitors site but because the technology itself had been superceded, it wouldn't be possible with a complete rewrite of the site and its underlying technology.

There are also tax benefits of leasing a website.

This goes without saying. Although most CEO's will completely endorse and understand the benefits of leasing when dealing with tangible assets many still don't consider digital assets in the same way. Changing the mindset of the Managing Director is often the biggest challenge here.

Some companies that offer a website leasing or rental service also give the option for the user to buy the full rights to the site either after a certain amount of time (leasing) or at any time (rental).

This is a real win/win if the website leasing company are prepared to do this as it gives the customer the assurance that the site they have been renting for the duration of the lease already has a proven ROI.

Website leasing and rental companies may also offer Search engine optimization services as part of the leasing or rental package.

This is almost an expectation these days. To me it would be like going into a car showroom and having a salesman show me a car without wheels. SEO enabling technologies need to be baked into the content management system in order to be able to compete in this area. Umbraco takes care of most of this for us, i.e. it allows good naming conventions of URLs, provides Sitemaps for your robots file and allows custom html injection of meta data on a page by page basis.

In summary, leasing your website should be as viable an option to your company as leasing any other asset. If the figures stack up and the SEO investment is their then you could do a lot worse with a lot more money at stake. On the other hand if you make a poor choice with website rental you can always pull out early with the minimal loss.

George Robinson is the technical development manager of a web company that provides a low cost way to get a SEO powered website up and running quickly and without the stress.

Monday, June 18, 2012

Unsecured Loans For Those With Bad Credit: Why Private Lenders Are So Popular

Traditional lenders, like banks, are often the first loan source that come to mind, but in fact, there are a variety of alternative loan sources available. Private lenders provide options that can be more affordable and more effective than established institutions can come up with. So, when it comes to unsecured loans for those with bad credit, they are well worth considering.

Of course, as with all loans, securing approval from private lenders requires certain qualifications, though these can vary dramatically depending on which alternative lender is approached. What is certain is that approval is more likely to be given, even to bad credit borrowers.

The only thing that really matters is that the borrower has an ability to repay the unsecured loan granted. We provide a few examples of the best alternative loan sources out there, and how they can benefit your search for funds.

The Family Loan

This is arguably the most affordable option, as there is often no interest charged on a loan secured from a family member, or perhaps close friend. But the biggest advantage is that approval is guaranteed, making it ideal as an option for unsecured loans for those with bad credit.

There are only two conditions to this kind of deal. Firstly, the borrower needs to have a close family connection. And secondly, the family member has to have the sum requested to hand it over. But as the chances of approval from private lenders go, this is arguably the best option.

What is more, the pressure to repay the unsecured loan is much less from a family member than a lending institution that is trying to turn a profit. And, if there is any problem with the repayment schedule, a new one is easily negotiated. Also, to ensure clarity relating to the terms, write them down and have both parties to sign them.

The Company Loan

Another worthwhile alternative to a bank is your own employer. This might seem strange, but some companies are willing to grant loans, such as unsecured loan, for those with bad credit. The reason? It is a safe investment from the employer viewpoint.

Since the employer is the source of both the income and the loan, they can simply deduct the monthly repayment from each paycheck. This means that repayments are never missed. So, in terms of getting approval from private lenders, this option is pretty much guaranteed.

Keep in mind that employers often charge a small interest rate, allowing them to profit from the transaction - though, it is certainly lower than any bank would have charged. Also, like a family loan, getting an unsecured loan from your employer has no effect on your credit rating.

The Online Loan

Online lenders are one of the most popular alternative loan sources to traditional banks and credit unions. However, a private lender is not an online firm, but the relatively new phenomenon known as the loan bidding site. It is a prime source of unsecured loans for those with bad credit.

Basically, when someone is in need of a loan, they post a loan proposal on a website. Members of the site bid for the chance to part-finance the funds, and earn back a little through interest payments. When the borrower spots the bids that suit them best, they can accept the lenders and secure the funds.

Effectively, this system means that approval from private lenders is not needed. Instead, approval is provided by the borrower. There are conditions to meet too, such as providing information on income and credit history. These can be checked out by prospective lenders before they bid. But an unsecured loan can be attained quickly and affordably.

Saturday, June 16, 2012

Size Of Secondary Market In Relation To Size Of Overall Structured Settlement Market

Structured settlements are a small percentage of personal injury settlements

A Towers Perrin study* reported that in 2006 1 billion was paid to injury victims and their attorneys. If one assumes that one third of this amount represents contingency fees, then approximately 5 billion is paid to plaintiffs each year. New structured settlements are created at a rate of approximately -6 billion every year. According to Standard & Poor's**, in 2004 the cost of all outstanding structured settlements was approximately billion and was expected to grow by billion that year. Also according to Standard & Poor's**, as of 2008, there were more than 500,000 structured settlement contracts outstanding in the U.S.

Structured settlement payments offer flexibility for uncertain times and changing circumstances.

The average person does not know much about structured settlement payments. Without an understanding of the benefits of structured settlement payments versus lump sum payouts, most injury victims tend to choose a lump sum payment.

In fact, Joseph M. Costello, Chairperson of the National Structured Settlements Trade Association (NSSTA) Marketing Committee, reported at NSSTA's 2007 Winter Meeting and 2007 Annual Meeting that just 7% of personal injury settlements between ,000 and 0,000 include structured settlements and only 30% of personal injury settlements above million include structured settlements.

An AIG study*** conducted in 2007 shows that the less a person knows about structured settlements, the less likely he or she will choose a structured settlement. And, more importantly, the opposite holds true: the more a person knows about structured settlements, the more likely he or she will select a structured settlement instead of a cash payment.

In the study, AIG asked people how they would prefer to receive a settlement. With no explanation of the difference between a lump sum payment and a structured settlement annuity, 65% chose a lump sum and 35% chose a structured settlement. But after receiving explanations of the differences between a lump sum and a structured settlement, 73% chose the structured settlement annuity payments and only 27% chose the lump sum payout, a complete switch.

At the end of the survey, AIG concluded that the structured settlement industry needs to educate Americans about structured settlements.

Once they learned about the benefits of structured settlements, plaintiffs said that a primary reason that they would choose a structured settlement annuity is because it provides a reliable income for monthly expenses and guarantees financial independence. What may not be as clear to plaintiffs nowadays are the many options and the flexibility that a structured settlement offers.

Once a person receives the cash from the lump sum payment, he or she cannot simply change his or her mind and switch to a structured settlement payment. However, if an injured person chooses a structured settlement payment, he or she has the option at a later date to sell all or part of the settlement in the secondary market, for immediate cash, while still retaining a portion of the income stream.

Section 5891 of the Internal Revenue Code and the Structured Settlement Protection Acts at the state level give payees the option, with court approval, to transfer structured settlement payments from themselves to factoring companies who buy structured settlement payments. Given the flexibility offered by the buying and selling on the secondary market, structured settlement payments may be a better option for those people who are uncertain about whether to choose a structured settlement or a lump sum payment.

Very few people actually sell structured settlement payments

Out of the total outstanding amount of money currently held in structured settlement annuities more than billion less than 0 million is transferred on the secondary market each year. That means that only about 1% of structured settlement payments are sold each year.

Only about 1% of structured settlements are sold or traded in the marketplace.

Not a lot of people sell their structured settlement annuity payments. In fact, 99% of people do not sell structured settlement payments. Those who do choose to sell structured settlement payments typically do so because their circumstances have changed, and they need the cash for a specific reason (medical procedure, debt reduction, education, etc.). The cash is used as an escape valve, to help people reduce some of life's pressures so they can deal with a problem or an opportunity.

Life is full of changes: why should a structured settlement be forever?

Most homeowners buy houses using 30-year mortgages only to refinance many years before the end of the mortgage term. Consumers sign up for long term life insurance life insurance policies which are intended to be in force for extended periods of time. But then they stop paying the premium and let their coverage lapse. Why ? Because their lives change, their circumstances change. Maybe they can no longer afford the premiums, or maybe they can get better coverage elsewhere. The point is that, at the outset, the initial long term commitment made perfect sense, and then as life moved on, a change made more sense. Each year between 3.5% and 7% of all life policies are allowed to lapse by the insured person****.

Circumstances change. Lives change. A person who received a structured settlement as compensation for an injury may want to enroll in college or job training and may decide selling structured settlement payments for cash now is the best way to pay for his or her education. Or an annuitant who received a structured settlement as the result of an injury may have the opportunity to buy or renovate a house to better suit his or her way of life. Selling a structured settlement for a lump sum of cash may be a prudent way to cover the down payment on a house, pay off a mortgage, pay off taxes or to pay off credit card debt.

Even the insurance companies who issue structured settlement annuities recognize that there needs to be an escape valve. Most insurance companies include death commutation riders when they create structured settlement annuities. These riders allow an estate to cash out the deceased person's structured settlement annuityusually in order to pay estate taxes. In addition, two large insurance companies, Symetra Life Insurance Company and Allstate Life Insurance Company, recognize the need for an escape valve in other scenarios and will buy structured settlement annuity payments themselves.

Lawsuit awards are a mechanism by which our justice system tries to compensate victims for their damages. Structured settlements are a tool that helps to customize and maximize an award. A future stream of guaranteed payments is of great financial and emotional value for plaintiffs when they are feeling their weakest and most vulnerable, because it provides stability and comfort at the time that it is needed most, at the time of the injury. However, no one has a crystal ball - life changes and circumstances change, whether it is much needed surgery, a new roof on a family home or job re-training to react to new opportunities. And structured settlement payments can be sold for a lump sum of cash to meet these needs. The ability to access a portion of a structured settlement is a benefit that many industry professionals believe adds to the value and benefit of a structured settlement, allowing it to be utilized to the fullest.

In conclusion

As a society, we get divorced, even though we were not supposed to be parted until death; we re-finance 30 year mortgages decades before they come due; we commit to life insurance policies and then stop paying the premiums all in response to changes in our lives. So, it should not come as a surprise to anyone that recipients of structured settlement payments may need to sell structured settlement payments and cash out part of their payments in order to deal with life's changes, challenges and opportunities.

At the end of the day, if 1% of structured settlement payees sell structured settlement payments in whole or in part, then, for them, the structured settlement is doing what it was set up to do: to provide them with the emotional and financial help when they need it the most. And for the 99% of annuitants who do not sell their structured settlement payments, the structured settlement payments will continue to provide the financial support that was intended at the start.

Sunday, June 10, 2012

Where To Find Cheap Houses For Real Estate Investing

It is mandatory to have a continuous flow of good deals in order to remain profitable in real estate investing. What this means is that you must buy your houses low enough so you can make a profit.

So where do you find these houses at below the market prices?

1) Motivated sellers
This is my most favorite method of getting great deals. It still remains the most profitable way of getting the best deals that never find their way into the open market.

A motivated seller is the one that really needs to sell their house. In most cases they are behind on their mortgage, facing foreclosure, divorced, burned by bad tenants, have inherited property, and so on. The properties have become a thorn in the flesh to them, and they can do anything to get rid of them.

So how do you find motivated sellers?

Just market your services to people who are in legal trouble who own real estate. In my market, I am able to get a listing of all county court filings every day. Out of these, I check to find of they own any real estate and if they do, they get into my mailing list.

These people are ready to do business once they call.

2) Wholesalers
If you do not have time to market to motivated sellers, then you can buy houses at wholesale prices from other real estate investors.

I usually have a lot of good deals, most of which I cannot pursue. I just wholesale them to other real estate investors who then put them back in the market.

When you buy a wholesale deal, you can buy the house in a simultaneous closing or take over the contract to buy the house. The details of these deals are discussed in a separate article.

3) Local REI meetings
I can bet there is a group of real estate investors who meet near where you live. These are like minded people that buy and sell houses in your local market.

This is a place where you can find good deals.

4) REOs and the MLS
Unfortunately these are not the best deals you can find. The asking price is usually too high for most real estate investors even though thousands of properties are sitting out there with no buyers.

Do not forget this is the most over-shopped source of real estate deals and the price breaks may not be that high.

These deals are the least recommended for investment purposes.

5) Courthouse auctions
A lot of home work is needed in order to get good deals from court house auctions. Unless you are well polished in this kind of research, I would not recommend this route.

6) Craigslist and other online sources
Again this is too over-shopped and most FSBO owners and realtors market here. Getting a good deal from Craigslist is therefore not easy.

5 Things a Call Answering Service Should Avoid Saying

Proper phone answering is a vital task for everyone from CEOs to answering service employees. When you answer your phone, you're representing yourself, your company, and, in the case of virtual receptionist services, potentially several businesses. However, business phone etiquette can be a tricky subject to master. You want to sound approachable, but not amateur; professional, but not stuffy. Where to start?
There are a few phrases that if banished, will instantly make your phone manner a lot more appealing. Here are five sentences that you may have seen receptionists use on T.V. but are better left unsaid in the real world:
1. "I'm not sure" or "I don't know." Callers don't expect you to be omniscient; they realize you may be the receptionist, virtual receptionist, or simply need to do some research to find the answer to their question. However, saying, "I don't know" immediately puts a negative spin on your answer. So, skip to the good stuff and offer to put your caller in touch with someone who does know:
"Good question! Let me see if Kim in our support department is available to discuss that with you."
"That's a great question! The owner would be the best person to speak with about that. Let me put you in touch with him."
2. "She's on the other line at the moment." You don't need to be a remote receptionist to see how this could lead to trouble. Even if you're in the same office and can see the person on the other line, saying that they're on the phone sets up unrealistic expectations. They may expect a return call as soon as she's off the phone, but she could be stepping into a meeting, returning another call, or the call just may last for another hour. You never know! Another potential hitch: Your caller may ask to hold until the other party is available. If you're not sure when she'll be available, or if you work at a live call answering service and need to be available for other calls yourself, things can get tricky.
3. "I can't do that." This may be the most hated phrase in all of customer service-dom. Ever call your cable provider and have the rep reply with "I'm sorry, sir/ma'am, I can't do that"? It's a dead end. Spare your callers from this frustration and try to think of what you can do and offer to do it. Instead of:
Caller: I'd like to re-draft my will. Are you able to help me with that?
Receptionist: "I can't. I'll transfer you to the attorney."
Take out the "I can't" and put the friendliness back into your reply:
Receptionist: "Let me put you in touch with the attorney. He'd be happy to chat with you about making changes to your will. One moment, please."
4. "Just a sec." A tad informal and a tad misleading (what takes only a second?), "Just a sec" shouldn't be in your vocabulary. Go for the more sophisticated "One moment please" and your professionalism won't waver for an instant!
5. "Hold, please." You'll need to place callers on hold from time to time to look up information, try someone's line, or answer a (quick) call. Asking instead of telling will make your caller feel important. Try asking for permission with a "May I place you on hold for a moment?" Your caller will most likely say yes since they feel taken care of, but if they decline, either acquiesce or offer an explanation and an alternative. "I need to look that up in our database, which may take a few minutes. Would it be alright if I gave you a call back when I've found the answer?" Being respectful of your caller's time is always the right thing!
These are best practices, but even if you slip up and use one of these phrases, all is not lost! Remember that being friendly and willing to go above and beyond for your callers will always set the right image for your business and keep your clients coming back!

Wednesday, June 6, 2012

Throwing an Amazing Housewarming Party

You have now moved into your new home! You are probably experiencing a lot of excitement with just a touch of relief.

It's been a long haul, but you have finally finished. There have been a lot of obstacles to jump over that you have had to deal with in the past couple months.

You knew you wanted your house to be built, but you had to find a small piece of land that was just perfect for you and your little family. Next was finding a company that would actually build the home.

Once you found that, you had to wait patiently while the company took the time to build the compound. Hopefully the process went as smoothly as possible, but sometimes problems can easily arise in the building process.

Once the actual house was built, then you needed to pack up your hordes of stuff and move it into the space! If you have large pieces of furniture like couches or pianos, this can be easier said than done.

But now you have everything moved in and situated. Your family can get settled in, and you are done, right? Not yet!

You still have one more important thing on the list- you have to throw a housewarming party! Besides, you need to celebrate all the work that you have accomplished over the recent amount of time.

Hosting a housewarming party is not an easy walk in the park, though. There are certain things that you need to do in order to make it a great social gathering.

So what exactly do you need to do to make it the best gathering possible? Here are some great tips that your family can use to make your bash the talk of the new neighborhood.

The first thing that you need to realize is that the housewarming party needs to be hosted by the actual family that moved into the house. In some families, the grandparents or another member of the family will try to take control of the festivities and try to host the whole thing.

Don't let them do this! You put all the work into this new home, and you need to celebrate it yourself so that you can feel good about it.

Once you decide this fact, it is time to plan the festivities. The first thing you need to do is send out invitations.

You could rely on just telling people yourself, but sending out invitations is just much more formal and efficient. You will also know exactly who is coming to your party, so you don't have any party crashers!

Don't invite too many people or send out too many invitations. It is a good idea to keep the festivities small.

This might entail only inviting a few of your choice neighbors and immediate family members. Why exactly would you want to keep the party small?

If you think about it, you have just moved into your new home and it will never look as spotless as it does right now. Inviting too many people could track unnecessary dirt and grime into the house and start your living situation off on the wrong foot.

Having a small group of people invited will keep the clutter under control so that you don't have to deal with the aftermath of the fun later.

Once you have started the party, you need to make sure to give everybody a grand tour of the home, so that they can see exactly what they are there for.

It is important to do this once you know everybody is present at the party, so that you can do it all in one sweep. Otherwise, you will spend the whole night giving each individual guest a tour of the rooms, which takes you away from the party.

Also be sure that all the rooms in your house are clean and boxes are put away. I don't think your guests want a tour of a home that looks like the entirety of it is packed away in boxes.

Finally, the grand tour won't be the only thing that you will do at your party. Make sure there are refreshments, games, and plenty of other things for your guests to do.

Acquiring An Unsecured Credit Card In The Aftermath Of Being Rejected: Tricks And Help

1.Sign up for credit cards piecemeal. Try not to send a lot of credit card inquiries during a small period of time - considering that odds are, after you get denied for the first, you are likely to get rejected for the additional cards as well. Too many requests for unsecured credit will quickly decrease your credit rating long before you will be aware of what is going on.

2.Uncover the reasons you ended up declined for unsecured credit. The line of credit provider will often provide you with an itemized document showing the reason why you are being denied. Be sure you check this carefully, simply because you may well find that the rejection has been attributable to a mistake in your credit file, or a different issue that requires your prompt consideration. Subsequent to reviewing the explanation of denial, in the event you still fail to fully grasp precisely what caused the refusal, simply call the charge card provider and try to get more information.

3.Consider a rest from seeking all additional unsecured credit. The total number of fresh credit and/or loan applications results in close to ten percent of one's credit ranking computation (taking out inquiries resulting from many automobile and / or mortgage loans during a Forty-five day time period). Before you have accomplished techniques to fix the inadequacies which resulted in the primary refusal, you should not aggravate your credit worries by trying to obtain extra credit too fast. You would like your future credit request to be accepted!

4.Obtain your credit rating. Because of the Fair Credit Reporting Act, customers are allowed to acquire a single complimentary copy of their unique credit report yearly. Even so, in the event you purely examine your credit profile once per year, odds are you would certainly uncover concerns and discrepancies only after they have adversely harmed your credit ranking. It is far better to sign up for credit rating tracking products that will inspire you to research your credit report often. If you locate problems, send out the credit bureaus a standard notice (of one hundred words or less) asking the credit bureaus to examine and/or get rid of probable problems - they will come to a decision and notify you.

In conclusion, it is critical to always be selective with your credit applications. It is important to look into the kind of charge card, and also the provider that's good for you. For instance, are you interested in rewards? If you do, which type? And exactly how high does your credit ranking really need to be to improve the odds of acceptance? Do you wish to shell out a yearly account fee, or would you rather not? If you intend to maintain an account balance, do you know the ideal charge card for that? Being diligent and constructing a checklist of charge cards to request boosts the probability of acceptance, make certain that you are keeping track of your credit score, and letmost of the benefits to fantastic credit. Eventually, if you have utilized 1 year to correct credit rating insufficiencies, pay back bills, etcetera., plus applied these additional guidelines, you ought to be equipped to submit a new request for unsecured credit cards, and this time get accepted!

Tuesday, June 5, 2012

Business Loans With Bad Credit: Not The Only Financing Options Worth Considering

For every business owner, it is a major challenge to get approval on a business loan with bad credit. The economic climate makes life difficult for many small businesses, with lower consumer spending and growing pressure from lenders to maintain existing loan repayment schedules. But there are alternative options.

Whether keeping your business afloat or starting a new business, there is finance available from lenders. But while approval is down to the strength of your application and, ultimately, the decision of the lenders, the type of financing sought is down to the applicant. The key choice is between a loan or a line of credit.

Of course, when dealing with business loans or other financial packages, there is no such thing as a nominal amount of money. Getting things started or keeping an operation going requires real financial help, so sums of 0,000 and more are needed. But there are options to securing this kind of funds.

Getting a Startup Loan

Research is always important when approaching a lending institution with the intention of securing a business loan with bad credit. The principal concern is that, whether going to a major bank or a large private lending firm, the relationship will be long term. So, it is best to get all the facts necessary before deciding on a deal.

The main issues that need to be agreed upon are interest rates, repayment schedules, and any additional options that can be activated in the future should the task of repaying the loan become more challenging than expected. It is also worth asking about taking a line of credit instead of a loan to see if their terms are better.

When it comes to approving a business loan to finance a new business however, most lenders are very open to the idea. But they will still want to know the personal credit history of the applicant, as well as details of any previous business experience.

Choosing a Line of Credit

Getting a business loan with bad credit is not always the best option. Certainly, once a loan is approved the pressure to meet the agreed repayment schedule begins. It is not such a comfortable position to be in when starting out, or even developing revenue potential. It is, therefore, worth considering an alternative.

Agreeing a business line of credit can work to your advantage better. This is where a bank agrees to a maximum sum but only interest is charged on the actual amount of funds spent by the borrower. If, for example, 0,000 is granted and the borrower spends just ,000, then interest on that ,000 is charged. The balance can be accessed whenever necessary.

What this means is that interest payments can be kept lower than with a straightforward business loan. This is because no interest is charged on the remaining ,000 until it is spent, while interest is charged on the full loan amount.

Other Key Considerations

There are some other aspects that should be considered before seeking a business loan with bad credit. Not least is the fact that, because of a low credit rating, the interest rate charged on the loan will be high. So, the size of the repayments each month can be quite high too.

The alternative option allows for interest repayments to be kept under better control, if the borrower can control spending initially. Therefore, securing a line of credit is a much more cost-effective.

For this reason alone, more and more businesses are favoring this option ahead of the all out business loan. However, it is essential that the specifics of both options are discussed in detail before agreeing between one of the other with your lender.

Sunday, June 3, 2012

Debt Management: How You Can Master Your Debts

Managing numerous debts, when you hear it, seems like a Herculean task. But it is not. It is in fact easy to do it once you find out about the numerous programs that are dedicated to this purpose. Their common goal is to help you undo the shackles that your unpaid debts have probably placed upon you. They exist under a single banner- debt management.

Debt management is a program that can make repayment of your multiple debts an easier process. It functions in a simple way. All the debts that you have are merged into a single one. These may be credit card debts, huge unpaid bills or unpaid personal loans. This new consolidated debt can be paid off at an interest rate which is lower than you original rates. Now that you have a single debt, you can make a single payment to a singe creditor who will distribute it among your other creditors.

Through debt management, you get to avail advantages like these:

* A more manageable repayment method * Lesser overall payment * Some money can also be saved for use in other purposes.

Debt management can be easily achieved with the expert help of debt management agencies. Apart from the usual features, you also get valuable guidance as to how to manage your personal finance and regulate your expenditures so that you don't have to fall into debts again in future.

Debt management can also be achieved through the following forms, depending upon the seriousness of your debt status:

Debt consolidation: when your total debt crosses 5000 and you owe to two or more creditors. All you debts will be consolidated and a loan will be given to help you pay off the consolidated debt. Debt negotiation: when you cannot make the minimum payments. Your total debt amount is substantially reduced, sometimes by half. Debt elimination: when the only other option remaining is bankruptcy. Interest rates are reduced on all debts except one which can be paid off with the extra money saved from the other reduced payments.

Debt management, no matter which option you go for, certainly frees you off your debts.

Saturday, June 2, 2012

2011 Toyota Sienna's Recalled Over Brake Light Problems

Toyota has fought the recall bug quite a bit in the past year, and it appears a new problem has come to light. The high-profile automaker is recalling approximately 94,000 2011 Toyota Sienna's because of a potentially severe issue involving the brake light switch bracket near the parking brake pedal. All of the vehicles incorporated in this Sienna recall were produced before November of this year. Toyota has had enough recalls to require them to take out an enormous payday loan to fix the problems.
Toyota stomps on the Sienna recall
Because of the position of the brake light switch bracket to the parking brake pedal, the Sienna recall had to take place, states Toyota. The brake switch light may malfunction and bend when the parking brake comes into physical contact with it when fully deployed. Toyota described that the brakes could become engaged due to the warped bracket if the damage is sufficient as the brake lights sometimes stay on even if the brakes are not going. Then brake drag can occur, which can eventually impair overall braking performance.
At this time, Toyota has stated that the business isn't aware of any accidents or injuries that have resulted from the brake light switch bracket problem, although the potential for impaired braking could effortlessly cause such trouble, given time.
Getting in contact with 2011 Toyota Sienna users
Any Toyota Sienna drivers will get first class postal mail sent to them as notification. The middle of January, 2011, is when Toyota plans to start sending this mail. Instructions for how Sienna drivers ought to proceed can be included within the letter. The recall section of Toyota's website may also have this information on it.
By late February, Sienna owners facing recall could be contacted again via first-class mail with data concerning replacement parts for the brake light switching bracket. Also, Sienna owners can be expected to go to the nearest Toyota dealer for an installation appointment. Users won't be charged for the service done to their car. Thinking about the parking brake position, a new switching bracket could be installed.
Toyota taking questions
For those who have any kind of questions about the Sienna recall and are a 2011 Toyota Sienna owners, then visit or call the Toyota Customer Experience Center at 800-331-4331.
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Friday, June 1, 2012

4 Ways To Use Leverage To Build Your Wealth

Have you ever wondered why it's easier for people who have money to make more of it? I mean, why is it that the second and the third million are so much easier to earn than the first million?

Do you want to know what the biggest difference is between how the wealthy people build wealth and how the poor and middle income people do it?

It's how they use leverage and I'm not just talking about borrowing money. There are at least 4 ways successful investors use leverage.

Let's look at them

Firstly there is the leverage that you probably first thought of.

One of the biggest differences between how wealthy people and the average investor goes about building wealth isn't how they invest the money that they have... it's how they leverage and use the money they don't have that makes them wealthy.

You seethe average investor rarely uses leverage in any focused or strategic way, partly because they are afraid of taking on debt. If they do build any wealth, they do it mostly by scrimping and saving the money they have, and using any "left over" income to slowly build their "nest egg."

On the other hand, the wealthy investor has mastered the art of using money that they don't have, to build their wealth. They use borrowed money to magnify their investment activities and enjoy enhanced, accelerated returns. They take on more debt and borrow, gear or leverage their assets to own even more assets.

Yet the average investor is frightened of taking on more debt. In fact many believe they must reduce their debt and pay off their home before they start looking at investing.

This is a huge difference in mindset.

When you have a more sophisticated understanding of the rules of using leverage, you are able to literally use it to take your wealth building to the next level.
When I look at an investment, I don't ask myself, "Can I afford this property?" Instead I ask myself, "How can I strategically use leverage to help pay for this investment in a way that enhances my overall return without taking on more risk?"
Leverage, the ability to generate a magnified result from a specific asset, is normally thought of as "borrowing" money. Yet this is only one of the ways you can use leverage to build your wealth.

You can also leverage your relationships or your network.

Successful investors build a great team around them. They realise they don't have to be an expert in every field if they develop a good network.

This network includes a good finance broker, a smart solicitor, a property savvy accountant and a knowledgeable property strategist.

Successful investors also have one or two mentors and they belong to a mastermind group. This is a group of like-minded people who encourage each other and act as unreasonable friends helping each other push forward towards their individual goals.

Having a great network around you enables you to leverage off other people's expertise. I often say if you are the smartest person in your team you are in trouble.

How can you leverage your relationships?

In this world it's not what you know and it's not even who you know... it's who who you know knows. That wasn't a typo. Your network of relationships is critical to growing your wealth, not just for what they themselves know, but often for the people they know who could also help you.

Also successful investors have learned how to leverage their time.

Many beginning investors waste so much time trying to do everything themselves. You will find them chasing late rental payments, doing minor maintenance and negotiating rent reviews with their tenants.

Successful investors value their time and have learned to leverage their time putting it to its highest and best use. They do this by outsourcing these minor tasks to their property manager and to other contractors.

Instead they use their time to find learn more, develop their relationships or find more deals.

One of the greatest points of leverage is leveraging your mind. Successful property investors just think differently to the average person.

The not so rich have a different way of thinking - a different reality. To put it simply your reality is what you think is real in other words your perception is your reality.

What stops many people becoming successful investors isn't what they know or don't know. It's what they think they know that isn't so that stops them moving forward.

They say things like:

I can't afford that
I can't do that
I already know that
That's wrong
I tried it once and it didn't work
That's impossible you can't do that.

If you want to become truly wealthy you will need to open your mind to new ideas and develop the skills to take on the possibilities greater than your current abilities.
It's just too hard to become wealthy from a perception or reality (because your thoughts your perceptions become your reality) of lack and limitation.

I remember Robert Kiyosaki saying in one of his Rich Dad Poor Dad books that a cynic's reality does not let anything new in, while a fool's reality does not have the ability to keep foolish ideas out.

While these four main leverage points can help make you a successful property investor, when you think about it, you have so much more you can leverage.
You can also leverage your skills, your creativity, your intellectual property, your net worth, and your reputation to build wealth.

The list goes on and on. Stretch your mind to look for opportunities to leverage in new ways.