Category: Financial Planners

By Andi Wize

Debt consolidators usually attract positive attention at the start because they give the impression that they will neatly arrange all your debts into an organized and even lighter one. Their campaigns make debt relief seem to be so straightforward. They will just consolidate all your bills and convert the interest rates to as low as 0%. Unfortunately, people who have fallen prey to them have experiences worse than the opposite of these empty promises.

Normal tendency when experiencing financial crisis is to get loans to cover up for previous credits. This being a well-known phenomenon, debt consolidators do their best to entice people into these types of situations with debt consolidation loans which promise easy and immediate processing and approval as well as lower monthly payments and interest rates. Being close to desperation, people tend to become easily lured by such and grab them without a second thought.

If these people only compute how much they actually pay in totality, they will surely be surprised that it is a lot higher. Sure, the monthly payments are lower but this is mainly because they are spread over a longer period of time. What are usually unnoticed are the interest rates which are, in fact, higher. In most instances, rates go as high as 21% or 22% and these subtly and discreetly wring people in their necks while burying them deeper into a financial rut.

Debt consolidators also assure customers that they will be in charge of everything. They will apparently coordinate with your creditors. All that is left to do is make one easy payment every month. However, what happens in reality is that they actually charge for such service by taking hold of about 10% of payment given monthly. This is about $50 for every $500 monthly payment. Instead of such amount being used to significantly reduce debt, it automatically goes to the deceiving hands of debt consolidators.

Most of their services are obviously those which you can do on your own given the right information. You yourself can negotiate with your creditors to make payments more manageable in the light of a current financial difficulty. You need not shell out such a big amount for that. Most creditors are willing to bend a little if only they will be aware of the circumstances.

What makes doing the negotiations and payments on your own a lot better is that certain cases have already been reported where the debt consolidators themselves are making late payments. They regularly ask the payment from their customers but they remit them late thus causing the customers more charges which they are not made aware of. Such will only be added up to the monthly payments unnoticed.

Balance transfer cards are also prevalent nowadays which are usual debt consolidation tools. Just the same, they promise lower interest rates. However, you have to take note that such low rates aren’t going to be the case forever. After a few months, they will increase. Of course, when that happens, you will look for another provider. The network of credit companies sees this kind of activity and considers you as a risk thinking that something else is behind your switching. Thus, your switching may not be approved and you are left without a choice but hold on to the card and suffer with its high rates.

It is obviously wiser to think of other options instead of resorting to the debt consolidators services. Home equity loans, for example, are better options because of their single-digit interest rates which are even tax-deductible. In such cases also, since you do have a home equity, your property may be up for a higher amount refinancing. In turn, you can use the excess money to settle your debts. You may also try personal loans especially if you used to have a good credit history. The interest rate may still be high, around 11%, but this remains to be a better alternative as compared to the 20%++ rate of debt consolidators.

There are several other options that you can try out. If you want to know more about them, you can seek advice and gather information from certain organizations providing credit debt counselling program. Once you have the information that you need, you deal with the situation yourself. Most debt consolidators have already been proven to be unhelpful thus should not take part in your alternatives anymore. You need not worry about being exposed to harassment as there are laws such as the Fair Debt Collection Practices Act to protect you.

About the Author: Article by

CreditCardManual.com Visit creditcardmanual.com/debt/

for more debt articles, over 100 loan-credit management tips, and more!

Source:

isnare.com

Permanent Link:

isnare.com/?aid=107643&ca=Finances

By Adriana J. Noton

These days a financial advisor is being used by individuals as well as businesses. Tax laws have become more complex in many countries and individuals are often uncertain about how to plan for disability, health problems and death. Another important aspect of these professional services is that they offer support and advice about stock management and investment. Employing an expert to help can improve the quality of your life in the long run, whether you’re an individual or a business person. Having the knowledge that you’ve prepared for the future can improve your serenity, while using your money well in investment can yield you results that can lead to a higher standard of living.

This expert is someone who advises you on how to allocate your assets. He must understand your need for security and your personal position with your finances before he’s able to render a good service. Once that knowledge is established, you can both move forward to begin planning your future regarding your finances.

These professionals will charge in a few differing ways. Some work on a fee-only basis, which means they are paid hourly. Others won’t charge anything but will instead take a commission on what you’ve earned through investments. A new way of planning has recently emerged which offers advice to lower income groups online. Usually they don’t charge but are instead paid by philanthropic organizations.

Advisors should hold a license relevant to your particular country. You should also select one who is regulated by an authority and has passed a test by that organization. These are important aspects to look for because anyone can work in this profession without qualification or regulation.

You can also look at the company the professional works for. Some work for large corporations with excellent track records while others may have their own businesses. The latter is not necessarily a bad thing as long as this person has been highly recommended to you.

The suburb or town the professional works in is also a consideration. Having one who works close to your home will allow personal interaction that can be valuable. However, if you can’t find a suitable individual close to your home, it’s not unheard of to use one further away.

Your personal needs combined with the particular brand of the professional’s experience is another aspect to consider. You may want to concentrate on investment, in which cause you’ll benefit from someone with plenty of experience in that particular area. You may need help in a more specialized field such as estate planning, in which case you’ll need someone who works in only a couple of areas.

In some countries a kind of indemnity insurance exists to protect you from negligence or poor decision making. It’s important to find out what kind of insurance the advisor has before selecting one. Large companies are more likely to have better insurance.

Some advisors are only willing to deal with large sums of money, so this will be another point to consider. There are lists of advisors available online for some countries which will make your search far easier and faster. Employing a financial advisor is sure to add to your sense of security.

About the Author: Looking for a

financial planner Guelph

or

financial advisor Collingwood

? Be sure to find the right investment advisor who can devise tailored strategies to meet your financial objectives.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1363565&ca=Finances

By Todd Mcdaniel

First off ill let you know I did get caught in the trap and decided to try this method for a quick cash boost. It was about a year back now I was surfing the net and found this site claiming to provide me with unlimited amount of surveys in which ill get paid for if I complete. All I had to do was pay about $50 one off start up fee. I bit the bullet and decided to give it a try; I paid the money and then began to receive emails from the site with surveys to complete. I can’t fully remember the whole story as it was a long time ago but I can say one thing – I never have received any money from paid surveys. However I’m not saying that they are scams, I’m sure there are legit companies out there who can help you earn extra cash for simply filling in surveys. The one thing I lack is motivated, I will admit that. I have started so many money making schemes and got half way through and decided to try something else to try earn a quick buck. I will say that there is money to be made with taking online surveys and are definitely worth a shot if you have some extra cash to play with, the thing is finding the legit ones as I’m sure there are many scams which won’t deliver. Try to go on recommendation from people you know as they have nothing to gain from lying about it and be sure you do your research before hand to ensure your investing in a real company offering a real service and don’t be misled by the persuasive sales speech.

The company I went was provided by ciao and I can vouch for them but as said before the reason I didn’t make any money was down to my self motivation and concentration as I found better ways to make money which aren’t as dull and boring. I still receive emails to date with surveys I can complete but they just go to my junk folder in my yahoo account and I don’t check them. If you focus the time and dedication you can definitely make good money with surveys as you can get tools to aid you which will make the process even quicker, tools such as roboform will be invaluable, for those who haven’t heard of roboform its basically a tool where you can fill in your information such as name, address, date of birth, etc and with the click of a button it will fill in any forms on the current page with that information. If you plan on going into the paid survey market this tools is a must – it’s also available free of charge with the chance to upgrade for a small one off fee which will give you more benefits so after your first paycheque I would strongly recommend upgrading to the full version to speed things up even more!

About the Author: This article was written by Todd McDaniels. Todd has been successfully taking online and offline Paid Surveys for over 2 years and is also the webmaster of

SurveyNet101.com

, a frequently updated list of over 400 Paid Survey companies available to people from all over the world.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=168154&ca=Opinions

By Gilbert Imlay

An emergency calls for immediate action and there is no time to waste on unnecessary activities. A financial emergency is also the same, where the sole concentration of the individual is on arranging instant funds to overcome the current problem. If financial crisis strikes, then the most feasible solution to meet this problem would be through an instant loan from a reliable source. Many financial institutions have the provision for supplying such loans at a short notice, depending on the need of the customer. Now, if one selects a secured loan format for his financial needs, then again, he would have to go through the hassle of arranging for a suitable security in the form of a valuable asset that can be collateral to the loan. This not only delays the process of getting access to the loan funds but may also be a risk for the borrower, since he can lose this collateral to the lender, in case there is a delay in repayment of the loan. So, if one is looking for a risk free, instant loan format, then it is best to go in for the unsecured loans.

Unsecured loans are a preferred choice, both for tenants and for homeowners, who do not wish to risk putting up their property as collateral against a loan. The transaction process for these loans also gets simplified as the lender need not go in for any assessment of the collateral and its value. However, this also means that such unsecured loans would be a greater risk investment for the lender, who would only have the word of the borrower as a guarantee against the loan amount. So, in order to cushion himself against a possible loss of the loan amount due to non repayment by the borrower, the lender attaches a higher rate of interest to these loans which are not secured by any collateral placement.

When a potential borrower decides to opt for the unsecured loans, he must be prepared to pay a higher interest rate for the benefit if getting a desired loan amount without security. However, the borrower may still be able to get a cheaper deal for himself, if he has done his groundwork well and conducted a basic research of the financial market and the various rates of interest offered by all the lenders. The advantage that a potential borrower has these days is the fact that most lenders offering such loans have their own websites on the Internet from where an individual could get every necessary information about the loans.

So, if you are a tenant, who cannot place any asset as collateral against a loan or whether you are a homeowner, who does not want to risk putting up his property as collateral, the unsecured loans would be the best option for you. Simply apply through the online application form available at every lender’s website, get the cash transferred to your account and even repay the loans electronically. Getting money for your every financial need, without the hassle of placing collateral, has never been this convenient before.

About the Author: Gilbert Imlay is a financial advisor with years of experience and specializations in unsecured loans UK, unsecured loans, unsecured personal loans, unsecured loans UK and unsecured loan for tenant. For more information visit

ukunsecuredloans.me.uk

Source:

isnare.com

Permanent Link:

isnare.com/?aid=265678&ca=Finances

By Russell Neal

Texas condominium insurance offers a number of advantages that a standard Condo/Coop Master policy provided by that HOA might not.

In many cases, associations only insure the condo as built, along with any standard housing fixtures such as plumbing and wiring installed at time of construction. Over the years improvements may be made that are not covered under the original condo insurance policy, and a recent buyer may assume that improvements are covered when indeed they are not. To prevent any after the fact and very unpleasant surprises, Texas Auto Home Insurance has completed considerable research specifically for condominium owners, landlords, and tenants in all Texas regions and cities that can answer these and many other questions in advance, plus provide information on how to obtain better condo insurance rates and more comprehensive, itemized coverage.

We have written this short essay to better inform you of the many excellent opportunities in a wide variety of coverage this form of insurance offers to Texans.

It is important before we go much further to differentiate between the types of Texas condominium insurance policies residents often hold or consider obtaining. The first is the master policy, or ‘coop policy.’ It insures the areas that residents in a building share in common with one another, such as elevators, roofs, utility facilities, walkways, and patios. Should any of these areas be damaged by a covered claim peril in or on the insured property, the complex and/or homeowners association that holds the master condo insurance policy will cover most repairs. This however, does not cover personal possessions, or extend to any improvements you may have made if you are an owner who has purchased the condo as an investment. For this, a person must have a personal Texas condo insurance that also will indemnify them against additional perils and damages.

The only way to make certain that all fixtures, improvements, and contents of a condominium are covered is to study either the bylaws of the building association or the details of the condominium lease. Often this can be confusing and may require the individual to pay an attorney to clarify. Texas Auto Home Insurance can help by providing Texas condominium owners, landlords, and tenants a simple and very clear list of things to look for in their documentation. George White, President of Texas Auto Home Insurance Agency, can also tell you what questions you need to ask in order to clarify the coverage if the documentation you have been given appears vague or confusing. If you decide you need additional condo insurance coverage George White’s staff can utilize an extensive network of resources to find the very best policies, coverage extensions, and premium rates for Texas residents. The following constitutes a brief list of examples:

Unit Assessment

Should your homeowner’s association charge you a portion of a covered loss (say, for example, a fire in the complex), this coverage will reimburse you the funds necessary to fulfill your requirements.

Water Back Up

We strongly recommend that Texas residents invest in this coverage. Many condos in Texas on are 40 years in age or even older and may be subject to occasional water and sewage problems.

Personal Liability

This provides extended, specific condo liability insurance coverage beyond standard Texas coop policies. It also protects landlords who manage properties on behalf of owners from any personal litigation against them that might be filed by a tenant.

Personal Content Coverage (owners, landlords, AND tenants)

Texas condo renters may insure expensive contents such as furs and jewelry. We strongly recommend this because standard policies only indemnify tenant property up to stated limits unless additional coverage is added.

Natural Disasters

Perils in Texas range broadly per region of the state. Your agent can assess these for your and give you the best coverage to protect against them as needed in your area.

About the Author: Texas Auto Home Insurance understands each Texas community as a unique and vibrant expression of Texas culture and lifestyle. Visit

texas-auto-home-insurance.com/Texas-Condominium-Insurance.htm

and

texas-auto-home-insurance.com/Texas-Insurance-By-City.htm

to learn more about specials and discounts on all lines of property and casualty coverage throughout the state of Texas.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=215647&ca=Finances