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Tuesday, February 17, 2009

An Outline On Bankruptcy Laws

By John Steed

A federal legal proceeding that gives people who need to get out of debt and are unable to pay their bills the right to start again financially is Bankruptcy. A federal court preceding that prohibits collectors from continuing to collect debts from an individual who has declared bankruptcy until the debts are sorted out according to federal Bankruptcy laws.

Bankruptcy is a legal status that usually lasts for a year and can be a way of clearing debts you can't pay. When you're bankrupt, your non-essential assets (property and possessions) and excess income are used to pay off your creditors (those you owe money to). At the end of the bankruptcy period, most debts are 'discharged'.

Chapter 7 and Chapter 13 are the most common types of personal bankruptcy for individuals. A major part of all U.S. consumer bankruptcy filings are Chapter 7 cases. Corporations and other business forms file under Chapters 7 or 11.

Bankruptcy can be avoided when you contact a debt relief professional to help you resolve your situation to avoid Bankruptcy. While an attorney who concentrates in debt reduction negotiations might be your first choice, very few of these attorneys actually exist! Finding a good lawyer to handle general litigation can be very difficult. Finding an attorney experienced in both filings and debt reduction negotiations can be down right exhausting! Very few attorneys have any expertise and experience in both of these fields.

For instance, you might find that a law firm, advertising itself under the yellow pages "bankruptcy" heading, can complete the paperwork to file a Chapter 7 or 13 but they either do not know about or simply won't discuss other options that might be effective in your financial situation. Many lawyers that regularly file these petitions have never done these types of negotiations. Some are unaware of the settlement potential of a client's case. Others understand the "debt settlement" concept but are either inexperienced or lack the necessary talent to effectively complete the negotiations.

Educate yourself by learning about the various debt options. It's a known fact that lawyers generally try to push you toward a filing, while consumer agencies lean against it in favor of negotiated settlements with creditors. While you may be capable of doing your own negotiations you might think twice about it. There is an old adage, He (or she) who represents themselves, has a fool for a client. This saying has a lot of truth in debt situations because a debtor is emotionally involved in his or her own situation and may not have the mental stamina to properly negotiate to the lowest amount of repayment possible. Creditors are aware of this fact and will take full advantage of it when ever possible.

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Steps In Finding Real Estate In A Distant Location

By Chris Channing

When moving to another location entirely, it may be tough to find the right real estate, or even the right agents to help out. Making several trips to a location many miles away also usually isn't plausible. Thus, the task in moving to another distant location is going to be quite difficult without the right guidelines in mind.

The general region in which the consumer wants to find a home is the first thing to decide upon. This may be a certain territory or state, or perhaps even more specific. Before investigating options further, find out the general weather patterns, statistics, and information for the region and make sure it conforms to how compatible it is with your own tastes in a generalized lifestyle.

Going to see the property is the next step in line. Before embarking on the journey, have a well-sized list of properties to visit. Only by searching a large amount of properties will a consumer find the perfect "fit." Actually visiting the real estate at this point isn't always necessary- some realtors offer virtual tours and videos of the property in question. Calling the realtor is always a good way to follow up on any interest in a property.

Calling or emailing a real estate broker is the next logical step. The broker will be able to setup a physical visit for one or more properties listed, and will also be more than happy to give out more information for any properties. Most brokers can be found online via website directories and search engines. Try calling a few to see what they may have in store for your tastes.

Once the proper contacts have been made, a homeowner should make a trip to the area. At this point the homeowner should have a list of properties to investigate, preferably around 10 or more. Investigate as many locations as possible. Keep in mind hotel expense and food expenses may become a problem with an extended stay, so try to move the operation along with haste.

The moving process is actually fairly easy once final talks go through with a real estate broker and the client. Passing funds along and transferring ownership rights sounds like it may be an arduous process, but in reality a homeowner can expect to obtain a new rental or housing property within days with the right preparations in mind- if not sooner. The key here is to prepare as much as possible so running back and forth isn't necessary.

Closing Comments

Moving to a distant location can be quite difficult without the proper planning. Consider talking to a professional real estate broker for more information on how to make the move as painless as possible. Then of course, new homeowners can go about the long task of moving belongings to the new location.

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An Extra Income Job Can Give You Control Over Your Life

By M Taylor

Home based extra income jobs are becoming more and more popular these days. People all over the world are choosing to take advantage of these opportunities: the advantages are many.

You can probably imagine for yourself how wonderful it would be to get up without an alarm clock and start working whenever you feel ready to begin. No more morning commutes in bumper to bumper traffic or on elbow to elbow buses or subways - you can begin each workday looking forward to getting started, not dreading it; and there would be no boss telling what to do and when to do it!

We could all use a little extra income. If you can do that little extra bit of work at the office or manage that long commute every day, then you can certainly do just a little extra work to benefit yourself and your family.

While you'll have to put in some hard work to succeed, it won't really even seem like work when it's all for yourself. If you still need some inspiration too get started, keep reading...

1. You'll be able to be your own boss for once - no one watching you and the freedom to do things your way.

2. You can have control of your own schedule and work when you have free time to do so. Extra income businesses are big with those who have pressing responsibilities outside of their professions, such as students and stay at home mothers.

3. You'll have the freedom and the flexibility to do things as you see fit.

4. Points 1-3 are the things which let you keep working your regular job until your extra income job can bring enough that you can switch over to making your own business your primary occupation.

5. Job security - there's no unemployment when you're self employed!

6. Being in business for yourself means being able to take pride in your accomplishments.

7. Greater self confidence. You'll find that this will help you in every area of your life.

8. There's no limit to what you can make - if you want to increase your income, you can simply work more or faster.

9. Quite a few countries provide tax breaks for hoe based businesses, since they are considered to be extra income.

10. When you retire is up to you; retire at 35 or 75 - it's all up to you.

When you go into business for yourself, success becomes something which you can measure by your own standards instead of someone else's. The ten points listed above should give you something to think about if you are wondering if taking the plunge into working for yourself is for you.

The decision you have to make ultimately comes down to whether or not you want to make some extra income or not.

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Consolidate College Loans: Pros and Cons

By Torrie Cantor

Like all types of loans, when you consolidate college loans, you get its advantages as well as its disadvantages. Consolidation of college loans should occur right after graduation and before you enter into your field of profession. By consolidating your student loans, you combine multiple loans into one.

How Student Loan Consolidation Works

The process is very simple. When you borrow a number of student loans from different lenders when you're in school, you might have a hard time keeping up with all the payments. By consolidating loans, all your student loans are combined into one new loan from one lender, at a lower interest rate, and even longer time to repay. Although this might sound enticing, it is best if you consider the benefits as well as the drawbacks so you can make a good decision.

Consolidation During Grace Period

You have an advantage and a disadvantage here. The good thing about this is that you can receiver a lower consolidation loan interest rate if you consolidate variable-rate Stafford loans during your grace period (six months after you leave school before you start making payments). However, the bad side is that when you start consolidating your loans during grace period, you forfeit the remaining grace period and have to begin making payments on your consolidation loan within 60 days. To solve this, you can consolidate your loans during the later part of your grace period.

Repayment Period Extension

You can extend your repayment period of up to 30 years basing on your total education loan debt. This means that your monthly payments will dramatically decrease. If you're having a hard time coming up with the monthly payments, then this will be good for you. However, by stretching your debt over a longer time, you will be paying more interest over the life of your loan. In the end, you'll be paying more for your loan in the long run. That's why it is better if you settle your accounts with the shortest repayment period possible that you can afford. And, there's no penalty for prepayment so you can pay even before the payment is due.

One Payment From One Lender

On the good side, consolidation will really simplify your life. You only have to deal with payments to one lender, and is thus less hassling to you. On the downside, you could be giving up some benefits that your current loans provide such as loan cancellation and deferment eligibility.

Think about these things. Those are just some of the things you have to consider before you consolidate college loans. It's up to you to decide if the pros outweigh the cons, or the other way around.

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The Basics Of Mailing Lists And How To Profit From Them

By Chris Channing

Mailing lists are useful for a business to find new sources of clients. But learning how to effectively use a consumer mailing list only comes through good experience and advice. In some cases, there may even be laws to follow in order to get the benefit of mailing lists without getting into different legal problems that may arise from using them incorrectly.

The basics of mailing lists are simple: most are classified by file type, whether they are opt-in or not, and what subject of data they hold. File type is especially important when working with large databases of client data, since it may or may not take special programs to read the data accurately. The most common format, the CSV file extension, is usually the easiest to handle and is easily transported.

An opt-in mailing list is always more valuable than the contrary. When we use the term "opt-in," we are saying that the email address had been verified through different means. This is important for only focusing on clients that are real and still contactable, which can prove to be quite the time-saver. Lists composed of opt-in subscribers are also usually safer on the legal side, given that the privacy policy states what is going to be done with the signup information.

There are some closely guarded secrets in the marketing industry with regards to mailing lists. There are certain ways to appeal to a possible customer that maximize the odds of getting a sale or commitment. This can range from writing certain email titles to attract attention, and avoid junk mail filters, to writing up targeted content to state in phone calls or in direct mail. There is a wealth of information on the subject in bookstores and online to investigate.

Some countries may be watchful on what is done with consumer data. It may be illegal to use a database for certain acts. Most of the risk should be dealt with by the seller, who should verify that all records are safe to contact. If one is a member of the Do Not Call Registry, for instance, they may be called and the business may suffer a detrimental loss in fines. As such, business should only be done with those who have been around, tested, and verified to be a good source of contact information.

The Internet is teeming with different lists, both new and old. A marketer's best bet would be to find the most updated list from the most respected resources. Just like with most services and products, sometimes the best recommendations will come from a coworker, friend, or family member. If all leads seem dry, try calling several resources and inquiring about their lists in question. Ask to see a sample of the database for confirmation of its prestige.

Final Thoughts

Consumer mailing lists are few and far between, so finding a good set of lists can be somewhat of a myth. Keep searching the Internet, stay within your legal bounds, and as many questions as possible to ensure your money won't be going to waste for your next marketing project.

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Why A Good Life Insurance Policy Is Necessary To Have

By Chris Channing

Choosing a life insurance plan isn't the easiest of tasks, considering one needs to find a median between immediate cost and cost upon death for descendants. Since it can be hard to find the best cost to benefit ratio, some seem to think it may be easier to do without insurance. On the contrary, however, as there are many expenses to consider.

When one dies, he or she may leave behind certain debts. These debts to be paid will sometimes pass over to the relatives of the deceased, depending on the debt and laws governing it. Tough situations such as trying to handle the mortgage payments of a recently deceased family member can be quite the burden- and may end up in losing a house without financial assistance.

The average funeral just a decade ago, according to reports of a United States statistics gathering entity, was only $5,000. Today the amount can easily surpass $10,000 or more for even a modest funeral. A slightly more chauvenstic funeral will easily cost many times this amount. As such, having life insurance to pay for a proper burial is necessary for a middle class family.

When one passes belongings on, it is subject to tax; depending on what it is. A large piece of property a wealthy land owner might hold, for instance, is going to rack up quite a large number in expenses when it comes time to pay the government. Having life insurance will either pay this amount or help lessen the blow that is left on surviving family members. This applies to other belongings and even cash funds as well.

How much one is going to pay a month is going to be based on their current age, health, and financial status. On average, it would be considered about common to pay around $400 or more each year in life insurance premiums. This amount can be much higher for the elderly, the currently sick, or those who are terminal. When figuring out the cost to benefit ratio of life insurance premiums, consider the length of the coverage and how much payout is to be expected.

Shopping around is actually a very good idea, but not only for life insurance companies. Funeral companies are also in the business to make money, so they will have different rates and services as well. Make a list of businesses in your area, visit each one, and make an educated decision on which to go with.

Final Thoughts

It would be hard to imagine family members struggling to make ends meet because of the expenses a funeral carries. If you'd like to ensure their peace of mind, consider going out and talking to a life insurance representative immediately; it could mean all the difference in case of an accident.

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Statistical Information Regarding Internships And Benefits

By Chris Channing

Getting ahead in the industry of one's choosing is, on average, going to be a tough task. One way to help better one's chances in getting a stable job is to obtain an internship while in college. Through its many benefits, internships have been well worth the time and effort even when they aren't considered a paid internship, which can be tough to stomach.

An employer is going to want an individual that is motivated, is a team player, and does what it takes to get the job done. Those who obtain internships while still in college are seen as these types of personalities, since they take on more work when it isn't absolutely necessary. This makes them much more favored over college students that didn't have internships.

Although they don't offer monetary compensation, internships still offer benefits. Company outings, such as celebrations or work related trips are usually open to interns. In the process of working with others and enjoying small benefits, internships build relationships with others and are given the opportunity to network themselves with others in the field of their interest. As it is said, networking is the key to getting a good job and finding a good career.

Through the duration of the internship, the intern is going to build his or her skills in the target career niche. A marketing internship, for instance, will give an intern the skills needed to get products and services to consumers who need them via many different methods. This "real world" experience will always give an intern the job over someone who hasn't had any prior experience except for university work.

Statistics show that many companies who offer internships will end up hiring interns upon their graduation or other promotion of sorts. So long as the intern exhibits the proper professional behavior in their time at the company, they stand good chance at having a job after their time is up. Even if they don't, the parent company will usually supply their name to other companies who may be hiring as an obligatory feeling to reward the intern.

Even though there is a lot an internship can offer, students should also remember that university work is more important than an internship. Further education, statistics show, give graduates more income in effect. If an internship seems to be bogging an individual down, try putting off the internship and instead focus on studies.

Final Thoughts

An internship is in the best interest of those looking to be employed at the end of their student career, or anyone looking to switch professions. Consider consulting different companies in the surrounding area for more information on the subject, as well as asking friends of word on the subject.

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Get More Cash For A Home With Simple Steps

By Chris Channing

Houses in today's economy are currently suffering from a lack in sales. To help improve the odds your home gets noticed by buyers, there are some small improvements that can be made. In addition to attracting more attention, it also helps to get above market value for a home that would otherwise not bring as much due to its shortcomings.

A new homeowner is going to want a home that needs little work done to it. A prime example of a "creature comfort" such as this would be making a home more ready to survive extreme weather conditions when it comes to energy. Since energy costs have soared over the past few months, having an energy-efficient home will attract a lot of interest over others.

Landscaping is another venue that can bring higher payouts in getting a house for cash. Planting trees is a great way to shade an area, but in the case of fruit trees it can also help reduce food costs for a new homeowner. Landscaping may also include pathways, small gardens, laying down mulch or cedar, and upgrading waterfront property if owned. This method is generally more expensive to forego, but has impressive payouts.

Selling a house for cash is also made easier through interior design- although this is also a very expensive route in increasing value. Interior design may include repainting rooms, adding light fixture or draperies, adding carpet, or furnishing a home to appear more homely. This method also takes more work than the normal upgrades, since it involves moving objects around and careful planning.

Current homeowners may wish to invest in sheds as well, as they are quite inexpensive in today's market and bring much value in return. Different types of sheds are available, large and small, to suit anything from a simple equipment housing area to a guest home. Sheds carry the same energy problems homes do, so extra work in installing insulation and laying water pipes or electricity lines down may be necessary.

Lastly, selling a home for cash is going to be made easier by finding the right real estate broker. There are plenty to choose from, of course, both in the real world and by investigating companies online. Don't worry if the task seems troublesome- finding help is as simple as going to a neighbor and seeing what they did with their last home and who they entrust their sale to.

Final Thoughts

There is a myriad of ways to increase the value of a home. If this is truly a goal of a homeowner, it's recommended that books on the topic be purchased at a local bookstore. Different real estate moguls are more than happy to share their thoughts and experiences for the right price.

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One Question that can Change Your Financial Future

By Charles L. Stanley CFP ChFC AIF

As a take off on the old adage of, Which came first the chicken or the egg? I want to ask the question, Which comes first the investor or the advisor?

What seems to be a discussion limited to the insiders of the financial services community shouldnt be. Within the realm of personal financial advice, there is heated discussion going on about fiduciary standards versus a suitability standard and who is a fiduciary and who is not, or a Who wears the white hat? and Who wears the black hat? kind of discussion.

Part of the discussion revolves around compensation. Is it better to work with a Fee-Only Advisor, one who accepts no form of compensation except that paid directly by his client. That means no referral fees, commissions, kick backs or other forms of compensation. There is a significant difference between Fee-Only and Fee-Based Advisors, but most consumers and even many financial journalists dont seem to recognize that they are different; something that Fee-Based Advisors are happy about. What difference does compensation make? Cant an Advisor be competent and do a good job regardless of whether he is paid a commission or a fee? Of course. So, what really are we talking about?

I think we are really talking about the culture in which services are delivered; and that is really important to you, the consumer. There are essentially two cultures for financial advice:

1. A culture in which the interests of the client (you) are taken into account before the revenue stream interests of the Advisory firm; or,

2. A culture in which the advice must benefit the revenue stream of the employer first, and only secondarily benefit the consumer.

The first is a fiduciary culture; the second is a sales culture. The first is held to a fiduciary standard, the second is only subject to a suitability standard. The first is the realm of the Registered Investment Advisor, the second is the realm of the Registered Representative (aka a stock broker).

The real foggy area comes in with hybrid or Fee-Based firms where sometimes they are providing advice for a fee and other times with the same client they are acting in the role of a Registered Representative who sells investment products for a commission. When they are providing advice for a fee, they are required to act in a fiduciary capacity and are held under the law to a fiduciary standard like a CPA or an Attorney. However, when they switch hats to providing product as a Registered Representative, they are now operating under a suitability standard and have a fiduciary duty to their employer, the Broker/Dealer by whom they are employed. And, when they switch hats, they should inform you that they are no longer acting under a fiduciary standard, but I bet they won't.

If you think this is confusing for you as a consumer, let me tell you it is also confusing for an Advisor who wants to keep this straight. I know, I did it for years. Finally, I couldnt take the confusion any longer and left the Broker/Dealer world so I could always work under a clear fiduciary relationship where I can put the interests of my clients first - always.

The powerful marketing forces of the major Wall Street firms dont want the public to really understand this. I may get into trouble for writing this, but for years Wall Street firms have operated with the regulators allowing a certain amount of deception to exist. There have been many television ads for major firms that talk about providing advice to clients and putting your needs first, blah, blah, blah. Then, at the end of the ad, in print too small to read, an announcer that speaks so fast no one can understand him reads the disclosure; they disclose that they are really brokers and not advisors. This sham disclosure is designed to give them cover for future arbitration cases. Does this manifest the culture you want to work with? Does it sound like your interests are really going to come first for this firm?

So, how does an ordinary consumer like you sniff out what is really going on here? Well, it is really quite easy. Just ask one question and it will give you the answer. Ask your potential Advisor (or if you work with someone now, ask them this question), Are you ALWAYS a fiduciary in your business relationship with me? You should get a simple yes or no answer. If you get some kind of hem or haw then you know that this is not a trusted fiduciary relationship " the one in option #1 above. You have a #2 business type relationship. If you have a #2 type relationship, you might want to rethink it, or at least know you have to keep you eyes open and it is a buyer beware relationship, not one where you can be more relaxed because you know your Advisor is free from the conflicts of interest that exist in the Broker/Dealer world.

If you want to find a trustworthy fiduciary Advisor, there is a single financial planning organization that is made up strictly of Advisors who have embraced fully the #1 type relationship, the fiduciary relationship, where your interests come first; it is the National Association of Personal Financial Advisors, or (NAPFA). Every Registered NAPFA Financial Advisor annually signs a fiduciary oath. These Advisors have taken the conflict of interest created by commission based compensation out of the picture. They are the Fee-Only Advisors (not "Fee-Based") " in my opinion (and I admit I am prejudice, because I am one) they are the guys with the white hats.

Now, you know that there is a difference between those who provide financial products for a commission and those who provide financial advice for a fee.

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Break The Bondage Of Crushing Card Debt Permanently

By Frank Froggatt

Credit cards have many rewards, such as the fact that they provide you a good deal of convenience, nonetheless it is very simple to get into charge card debt and very hard to then do away with charge card debt.

If you are one of the many people out there who are presently stuck in credit card debt, here is some advice that you will find very helpful.

Now, the trick to using credit cards responsibly is avoiding unnecessary spending. Just because you have a credit card does not mean you should use it frivolously. Buying what you wish when you wish without deliberating the outcomes will pretty much assure steep debt. A charge card should only be used when necessary and of course even then, only if you can pay it back promptly.

If yet you are already in critical debt with your bills, the first thing you have got to do is bar using them. Maybe you think you're already so severely in the hole that continuing to charge on your accounts couldn't possibly make affairs worse, this is 100% wrong. It's the poorest thing you can do.

Start off contending with your charge card debt by observing precisely how much is owed, so you know how much money you are coping with here. Then you need to start by yielding more than the minimum payment. They will tell you what the nominal requital is, which is the very least amount that they need, but you want to pay more than this.

This presents your lenders the feeling you really do want to pay your bill. It indicates you're not only prepared to ante up, but that you mean to pay it in full. Pay more and pay on time. If you do this the interest will stay low and your debt will begin to shrink. It can be difficult to do this with multiple accounts however, if that's your situation, a debt consolidation or balance transfer may be the alternative for you.

You can get out of credit card debt, just stay positive and remember this helpful advice and you should be okay.

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Making the Right Entry- Are you ready

By Singaporooo

This is the decision that can quiet often get overlooked, the entry decision. The other big decisions in trading and investing, such as how much to trade, or what your exit plan is, is the timing right etc.

But the truth is that whether you're a trader the entry decision is crucial as without this decisions the other decisions cannot take place.

It is quiet often seen that new traders often worry about their first entry point, trying to make it perfect and there are some important points to be considered when you're entering into a trade. It is therefore crucial to take a glance at this often overlooked subject.

Which brings to another important point, what platform are you looking to enter the trade through? The CFD FX REPORT has recently researched the CFD an Forex Brokers, looking carefully at the subject what company gives the best fill prices, no slippage to find out more visit the website or if you are looking for a forex broker or CFD provider email them at


Now for the bad news. Most traders believe there is no perfect entry point signal when it comes to trading. Sound Strange.

But there are certain things things to look for to help guide you towards the correct time. So lets take a look at the simple market rules.

Dust OFF the Charts:

You can base your entry decision using technical analysis, what this can do is increase your chances of entering the correct trade as the best time. It can be benefical to look at the sectors and what sectors are performing the best? Is your favourite trading company in a strong sector? Is the overall sector performing?

Most great companies belongs to a great sector, because it is very rare that a company's stock price will move in the opposite direction of its overall sector for an extended period of time. They tend to follow one and other.

In an nutshell, you should use technical analysis to follow the underlying trend for your stock that you are looking to trade, especially when entering. The underlying trend is the most important consideration when entering a trade at the correct time.

Remember the old saying, Trend is your Friend.

Listen to the Facts-

Make sure it is very simple. Do not over complicate it.

Keeping it simply, is often the best strategy. How often do hear it . Thorough research, an understanding of what you want from your trades and a commitment to your trading strategy is so important when it come to trading and more importantly making money from it- but quiet often we want to make it seem difficult. Simple is simply the best.

Try not to over complicate it, why It's no good trying to base a decision looking at numerous indicators crossing each other at various angles, changing colours, and a host of other useless information.

Of course, employ a technical analysis of the company in making your decision, but there is no need to go overboad.

After all, trading plans are easier to follow if they are simple.

If you are a long term trader is it not just timing the market, in this instance it is time in the market.

Remember use your rules, make it simple, and the profits should follow

Happy Trading

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Student Loan Consolidation Benefits

By Michael Fleischner

If you are attending college and have taken out student loans, then you may be thinking about repayment. The good news is that repayment does not have to be difficult. There are many options and a great deal of flexibility involved with the repayment process. If you have more than one loan, then student loan consolidation is for you.

Loan consolidation is the process of reducing your many loans from different lenders and issuing a single loan from a new provider. There are significant benefits in loan consolidation, resulting in lower monthly payments and much less paperwork.

When taking advantage of loan consolidation, you have a single lender and one monthly payment. One of the benefits of a consolidated loan is that you often have a few repayments options to chose from. Make sure you research these options and decide which ones work best given your current ability to pay.

Student loan repayment options include standard repayment. This is where you make a fixed sum payment. Most student loan repayment periods are for ten or fewer years. If the monthly amount is too much for your budget, a second option is to extend your payment for a longer time period of time. The last repayment option is to pay a graduated amount during the repayment process, stepping up about every two years.

With graduated repayment, you make payments over an extended time period, much like the extended repayment option, but payments are not fixed. Each year, or every two years, your payment amount increases. This graduated payment schedule is ideal for individuals who need the lowest repayment option available early in the repayment process.

Consider that once a loan is consolidated your interest rate is fixed even though graduated repayment requires a change in this rate every two years. This means that you must make an equal payment each month. This is important when you are repaying a consolidated loan or any loan for that matter. Not repaying your loan in a timely manner can result in default, hurting your credit rating and ability to borrow.

A great way to make your payments is by deciding on the right repayment option to meet your need. One popular method is to set up a direct withdrawal from your account every month. This automatic process simplifies your payment and ensures that you never miss a payment. The sooner you set up the automatic repayment process the easier it will be to make your monthly payments.

When you begin repaying your student loans, consider loan consolidation. Student loan consolidation simplifies the repayment process and gives you flexible repayment options. Consider a budget that allows you to make your payments in a timely manner. More importantly, find a reputable lender who can work with you as you enter the workforce and seek to pay your debt.

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How You Can Get Good Credit

By Eric Jilson

There are several ways to start building a credit history. If you are sick of creditors hounding you, or if you find that nobody will extend you a loan because you have never had credit, now is the time to learn credit building tips. First and most importantly, never purchase things you do not need. If you want something, but never put your wants before your needs, this is a recipe for disaster and will get you in debt. If you are seeking ways to build credit and have no previous history, make sure you know how to go about it properly.

Building or Rebuilding Your Credit

If you have or have had, bad credit, you need to get a Do-It-Yourself kit and get to work. Take a trip to your local library and check out books that guide you through the process of credit repair. Most libraries have a copy machine you can use to print out forms that you need to fill out and mail to creditors. There are guides at your library that have the necessary tools for debtors to learn how to write effective letters to creditors.

Letters are a much better way to contact a creditor than by mail. Since most creditors care less about your situation and may even make threats to you. A good reason for writing letters is that having "proof", is more valuable if you ever find yourself going to court over credit problems. If something is spoken or an agreement has been reached, this will prevent the creditor from reneging or denying this claim.

Any documentation you have pertaining to your credit history should be stored in a secure area. If you send a letter to your creditor, keep copies of the letters sent and store it along with other important information. If you notice there are errors in your bills or credit, reports ensure you have contacted the appropriate agencies and filed a dispute against the charges in a timely manner. If you have credit cards and made a purchase on an item or used a service and this item is defective or the service is sub par, you DO NOT have to pay the charges.

You have to also dispute this information with the store or the person who provided the service. If the store or person refuses to give you an item to replace the defective one, or reimburse you, then you have a right to deny payment. Once you have disputed this charge, you then need to contact your credit card provider and let them know what happened. If you are fortunate enough to have been issued a credit card even with bad credit, use this card to repay your debts and meet the monthly charges each month on time. This can be a solution when everything else fails. If you have to use a credit card to pay your debts, then payoff your cards the following month and use the card to pay the next months bills....

Now you can see what the plan is. Credit cards have interest rates so that even if you pay the monthly minimum payment, the bills on the card will increase.

Not Having Credit, Can Be No Problem

You may think you do not need a credit line or a credit card. You may pay all your bills on time each month, in cash. Does this sound like you? Well, you know the obvious answer, but then there is an occasional situation that calls for a what if scenario....In the world of today, we are fast approaching a time period that will require us to have at least one major credit card. If you telephone a business to whom you owe debt, they may first ask you if you would like to pay your account with a credit card. If you apply for a job, apartment, student, home or automobile loan, or any type of credit line, you will most likely face getting a rejection letter in the mail. Many lenders will refuse to extend credit to people who do not have a credit history. For this reason we are expected to establish a credit line while we are in our teenage years, and if we do not lenders grow concerned. A lender can refuse to give you credit based upon many reasons. The best solution for you is building a good credit history by starting up a line of credit now, making timely payments, and pay your debts off in a timely manner. Set yourself up on a budget and stay out of steep debt.

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Filing Your Business Name Correctly to Maximize Business Credit

By Susan Carter

This is one area of business where the saying Anything worth doing well - is worth doing right is so true. Filing your business name paperwork correctly is critical to obtaining business credit. If you do it wrong, you could give someone else the ability to use your business name or even take it from you once you have your company established.

You know there is always going to be paperwork involved in any type of process, so its important that it needs to be done correctly. You absolutely want this to be one of the times when you double check everything for accuracy.

The first thing you want to do is make sure youve got what you need to set up your business. This is a handy checklist you should use to be sure your company looks like a real business and not just a hobby.

1. Company Name " Your company must use a name that is available in your State. You cant register your entity if someone else has already chosen and is using the name you picked. You should find out - before you begin - if your name is available. To onto your States website and do an entity name search. In Michigan, for example, website is Once you verify that your business name is available, then you must make the decision at this point what business structure is going to be best for your business (i.e. corporation, LLC, partnership, etc.). Generally, most States will allow you to obtain the necessary forms you need to register directly from their website and will allow you to down-load them for free. 2. Address " Your business must have a real, physical address - not a P.O. box or UPS address. If you wish, you can use your home address. The main idea is that your address needs to be a physical address that can accept mail for your business. The address you register with the State must also be the same address you use when you apply for business lines of credit or vendor credit (like a Home Depot card). 3. Tax Payer ID Number " After youve registered your business with your State, you must get an Employer ID number, or EIN, from the Internal Revenue Service. This EIN is what you use when you apply for business credit or lines of credit. You should not use your social security number on business applications unless you are applying as a sole proprietor. 4. Phone Number - Once youve registered with your State, and obtained your EIN, you should next get a dedicated telephone number for your business. This number must be listed in the national 411 directories. It must have the same name and address that you registered with your State. Be sure your use your EIN and not your social security number when you call to set up your new phone line. You definitely should never use a cell phone number as your primary business number. Banks and lending institutions will generally call 411 to verify that the name and phone number you list on your application matches the data they find on your States website where you are registered. If there are discrepancies, you may not be able to obtain business credit.

A good business habit is to consult a professional on questions you may have regarding your company because it is in your best interest (both personal and business) to consult with a tax professional or a business attorney prior to beginning a new business venture. There may be tax laws or tax implications that could put you or your business at risk. A professional can offer the additional benefits of being able to discuss with you the advantages of the various structures and entities and help you decide which one is best.

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Debt Consolidation : More Tips To Improve Your Debts

By Peter Rocker

Do you have a bad credit? Have you ever wonder of ways to get out of it? Try to go for debt consolidation, it can help. Read on to decide if you want to try out the above method.

Having lots of credit cards and with the "buy now, pay later" attitude that leads a lot of people having stuck with a lot of debt. What will you do to pay of your debt? If you are still wondering, wonder no more. I have a perfect solution for you which is by debt consolidation. Debt consolidation is done by having a loan to pay off all your other debts. In this way, you are only left with one creditor to pay your debt too.

How do you get such a loan? It sounds too good to be true? Well, let me tell you that it is true! If you have properties such as a home or car, you may get a lower rate through a secured loan. A secured loan is a loan where you can use your properties as collateral. However, there can be a disadvantage to this. Why? This is because, if you are unable to pay your loan, your properties and assets becomes the property of the creditors.

Fearing that taking up another loan will add on to your debts clear your worries, taking up a debt consolidation loan is a loan with lower interest rate. To attract new clients, they may even reduce the interest rates.

The theory behind debt consolidation is that it gives borrower higher interest debt balances, this way the financial institution can bank it on the benefit of the refinancing and charge a very high cost from the debt consolidation loan.

Bad credit can be a toll on you as well as being forced to openly announced bankruptcy. You may lose your home if you do not refinance your house mortgage. In this situation, the best solution would be consolidating your debt. This would certainly ease up monthly payments making it easier to handle.

Still think that you do not need it? Put it this way, if you are in financial strains and having a lot of troubles paying your monthly credit card bills or even having difficulty settling your home mortgage loan, help is here. Think about debt consolidation, it will really improve your debts

Now that you have decided to go apply debt consolidation, there are two kinds or consolidation that you have to consider. The two choices are secured or unsecured debt consolidation. If you fall under the category of having only a few debts that will not amount to a large amount, unsecured debt consolidation is the choice for you.

Make no mistake about it. Debt consolidation is the one stop simple solution to improve your debts. So start applying today. You could say goodbye to your old worries of bad credits or even worries of losing any of your properties and assets.

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