Credit cards are considered as one of the necessities in today's life. Besides, with a credit card, you can literally purchase any product or services without having money in your pocket at all. No longer will you run the risk of getting your money stolen by simply having a credit card. However, with all the advantages that a credit card can give you, you will find that it is quite difficult to apply for a credit card and getting approved. There are a lot of things you have to consider before a credit card issuer or a bank can get you approved for a credit card. The first thing you need to know and need to have when applying for a credit card is a good credit rating. Your credit rating is one of the essentials that a credit card issuer or a bank will look at in order to get you approved for a credit card. By having a good credit rating, you will be sure that you can get yourself approved. However, if you don't have any credit history or a bad credit rating it will relatively be hard or even impossible for you to get approved for a credit card. In order to obtain a credit history or repair your credit rating, you can always apply for a secured credit card. Unlike an unsecured credit card, it will require you to deposit money on an account. The amount you deposit will be the credit limit for a secured credit card. You will also receive a monthly billing statement like an unsecured credit card. You have to remember that a prepaid credit card and a debit card are different from a secured credit card. Debit card and prepaid credit cards will never repair or build your credit rating. One main disadvantage of a secured credit card is that it will usually have a high interest rate than most unsecured credit cards. However, it is also a great way to control your credit card purchases. It is also a great way for you to become a responsible credit card holder and help you prepare to own an unsecured credit card. Not only that, it will also help you build a good credit rating or help you repair a bad credit rating. With this kind of feature, you will definitely get yourself prepared to own an unsecured credit card. Owning a credit card will also mean being more responsible for your purchases. With a secured credit card, you can train yourself to be a more responsible credit card holder. This is because, aside from the advantages that an unsecured credit card can give you, there are some people that buy irresponsibly. The feature that a credit card offers will usually tempt people to buy things that they don't really need and will often result in getting into huge amounts of credit card debt. By first getting an unsecured credit card, you will be sure that you can be a more responsible credit card holder. So, if you want to apply for an unsecured credit card, getting a secured credit card first is recommended if you don't know what you are getting into or if you want to build a credit history or repair your credit rating. Tags:
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Saving money is what every citizen in America claims to strive for. Our society, in this time of day is beyond bankruptcy. We have dug ourselves in a hole so deep that the walls would be difficult to find just to try and climb out of. Our deficit is so large that we owe China twice as much as our worth. Business owners are struggling to keep their doors open while large corporations keep prospering taking all the money from people and keeping it to themselves. Most corporate employees get paid minimum wage or just a bit more. So where is all this money disappearing to? Into the fat wallets of corporate owners and into accounts overseas. Instead of recognizing this, our friends, families and co-workers continue to use services of big corporations allowing them to profit. People do not comprehend that if they were to buy their clothes from local stores and shops they would bring revenue into family operated businesses which would allow those families to spend money on other local businesses. This was the trading mechanism society used hundreds of years ago to keep up with bills and survive. This would ultimately be a win for everyone since it would only be money transferring back and forth between ourselves as opposed to the big corporations that move their revenue elsewhere. Another important method we need to bring to the table is overspending. The average American family acquires about $117,951 of debt which adds up to $2 trillion dollars statewide. It is extremely unusual that Americans are in debt than England earns a year. Why is this we ask ourselves? Is it because our mentality is to want everything that our neighbors have and more? Is it because we are selfish and greedy and will acquire any credit just to live a certain type of lifestyle that we cannot afford? Sadly, this is the honest truth and what lead us to spiral out of control as a country. Our government, along with ourselves, have failed to live within our means. Here is another myth we live by: if you pay your credit-card balance off every month, you get free use of their money. FALSE. The fact is, 78 percent of credit-card holders do NOT pay off their credit cards every month. Credit-card users spend 12 to 18 percent more when using credit instead of cash. It hurts to spend cash, so you spend less. We really need to reevaluate our spending habits and where exactly we spend them. Use a family owned coffee shop instead of the local Starbucks. Shop at the small local shops for attire as, opposed to shopping at the mall. Purchase your car insurance at a family owned agency, instead of getting ripped off by money hungry insurance companies. Most of all stop using your credit cards so much and live more conservatively. Our children are our future and we want to raise them with the correct ethics and morals. Source by Natalie Fanin Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant The U.S. Commodity Futures Trading Commission (Commission) announces that the Energy and Environmental Markets Advisory Committee (EEMAC) will hold a public meeting at the Commission's Washington, D.C. headquarters located at 1155 21st Street, NW, Washington, DC 20581. This meeting will take place on February 25, 2016 from 10:00 am to 1:30 pm. Source link Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant Equity finance means the owner, own funds and finance. Usually small scale business such as partnerships and sole proprietorships are operated by their owner trough their own finance. Joint stock companies operate on the basis of equity shares, but their management is different from share holders and investors. Merits of Equity Finance: Following are the merits of equity finance: (i) Permanent in Nature: Equity finance is permanent in nature. There is no need to repay it unless liquidation occur. Shares once sold remain in the market. If any share holder wants to sell those shares he can do so in the stock exchange where company is listed. However, this will not pose any liquidity problem for the company. (ii) Solvency: Equity finance increases the solvency of the business. It also helps in increasing the financial standing. In times of need the share capital can be increased by inviting offers from the general public to subscribe for new shares. This will enable the company to successfully face the financial crisis. (iii) Credit Worthiness: High equity finance increases credit worthiness. A business in which equity finance has high proportion can easily take loan from banks. In contrast to those companies which are under serious debt burden, no longer remain attractive for investors. Higher proportion of equity finance means that less money will be needed for payment of interest on loans and financial expenses, so much of the profit will be distributed among share holders. (iv) No Interest: No interest is paid to any outsider in case of equity finance. This increases the net income of the business which can be used to expand the scale of operations. (v) Motivation: As in equity finance all the profit remain with the owner, so it gives him motivation to work more hard. The sense of inspiration and care is greater in a business which is financed by owner's own money. This keeps the businessman conscious and active to seek opportunities and earn profit. (vi) No Danger of Insolvency: As there is no borrowed capital so no repayment have to be made in any strict lime schedule. This makes the entrepreneur free from financial worries and there is no danger of insolvency. (vii) Liquidation: In case of winding up or liquidation there is no outsiders charge on the assets of the business. All the assets remain with the owner. (viii) Increasing Capital: Joint Stock companies can increases both the issued and authorized capital after fulfilling certain legal requirements. So in times of need finance can be raised by selling extra shares. (ix) Macro Level Advantages: Equity finance produces many social and macro level advantages. First it reduces the elements of interest in the economy. This makes people Tree of financial worries and panic. Secondly the growth of joint stock companies allows a great number of people to share in its profit without taking active part in its management. Thus people can use their savings to earn monetary rewards over a long time. Demerits of Equity Finance: Following are the demerits of equity finance: (i) Decrease in Working Capital: If majority of funds of business are invested in fixed assets then business may feel shortage of working capital. This problem is common in small scale businesses. The owner has a fixed amount of capital to start with and major proportion of it is consumed by fixed assets. So less is left to meet current expenses of the business. In large scale business, financial mismanagement can also lead to similar problems. (ii) Difficulties in Making Regular Payments: In case of equity finance the businessman may feel problems in making payments of regular and recurring nature. Sales revenues sometimes may fall due to seasonal factors. If sufficient funds are not available then there would be difficulties in meeting short term liabilities. (iii) Higher Taxes: As no interest has to be paid to any outsider so taxable income of the business is greater. This results in higher incidence of taxes. Further there is double taxation in certain cases. In case of joint stock company the whole income is taxed prior to any appropriation. When dividends are paid then they are again taxed from the income of recipients. (iv) Limited Expansion: Due to equity finance the businessman is not able to increase the scale of operations. Expansion of the business needs huge finance for establishing new plant and capturing more markets. Small scales businesses also do not have any professional guidance available to them to extend their market. There is a general tendency that owners try to keep their business in such a limit so that they can keep affective control over it. As business is financed by the owner himself so he is very much obsessed with chances of fraud and embezzlement. These factors hinder the expansion of business. (v) Lack of Research and Development: In a business which is run solely on equity finance, there is lack of research and development. Research activities take a long time and huge finance is needed to reach a new product or design. These research activities are no doubt costly but eventually when their outcome is launched in market, huge revenues are gained. But problem arises that if owner uses his own capital to finance such long term research projects then he will be facing problem in meeting short term liabilities. This factor discourages investment in research projects in a business financed by equity. (vi) Delay in Replacement: Businesses that run on equity finance, face problems at the time of modernization or replacement of the capital equipments when it wears out. The owner tries to use the current equipments as long as possible. Sometimes he may even ignore the deteriorating quality of the production and keeps on running old equipment. Source by Arfan Ul Haq Financial Consultant Wilmington Pike, Glen Mills, PA 19342 Tampa real estate investing is the best opportunity that you can have in order to be a millionaire entrepreneur. With the aid of proper education, knowledge, information, and training, you can be successful even if it is your first time. With lots of options in Tampa real estate, you can definitely find motivated sellers that will give you fat check and can give you the best deal you want. But before that, you need to be packed with valuable information, tips, secret, advices, methods, strategies that can help you out in Tampa real estate investing. There are plenty of ways in order to gain all of these and to be armed as you enter Tampa real estate investing. You can enroll yourself in university that offers real estate investing. You can read plenty of books about real estate investing. Checking out some websites that provides tips, strategies and testimonials of successful investors can be done to learn as well. It is a good idea to find a mentor that can help you with the basics. Let others guide you first until it will come to the point that you can guide yourself. You can attend some seminars about real estate investing and sign up for real estate investor forums so you can interact with successful investors, indeed, you can learn through their experiences. Yes, there are lots of ways to prepare in Tampa real estate investing. You need to be well-equipped as you enter this venture in order to see great results and not just waste your money with nothing. Definitely, the main reason why you want to enter Tampa real estate investing is to earn lot of profits like those successful investors who gain millions in investing. But those successful investors educate themselves first before they enter this venture, so you need to learn first as well. In entering with new venture, you have to start with a business plan that includes marketing, advertising, continuing education, and strategies. As soon as you gain the proper education and training that you need, you can now go on and enter the market and look for properties that you want. Actually, there are lots of types of investing, so you need to decide which one you can do best and focus to that type, this can help you gain success. Hiring real estate agent can help you will your quest, he/she can assist you in finding the property or properties that you want and he/she can also help you out in selling it, if this is the type of investing you want. But you have to make sure to hire the right real estate agent, the one that has the proper expertise and experience regarding Tampa real estate investing. Your agent will assist and guide you with your Tampa real estate investing. Actually, this venture needs lot of work so you have to hire persons that can help you out to have the best deals. You have to look for persons that are familiar with Tampa real estate market. Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant Business Directory for Lucernemines, PA - ChamberofCommerce.com Court Enjoins Utilization Of Overtime Regulation May 23, 2016, the division of Labor's Wage and Hour Division published a final rule when you look at the Federal join that updated the Overtime Regulations beneath the Fair work Standards Act (FLSA), specifically the exemptions for government, administrative and professional workers. The final rule implemented a 2014 Presidential Memorandum directing the division to upgrade and modernize these laws. Resource website link ... WASHINGTON The U.S. Department of Housing and Urban Development (HUD) these days launched an agreement with the proprietors and providers of Swansea Park Senior Apartments in la to eliminate allegations they violated fair housing laws and regulations for refusing allowing a resident with handicaps to own a live-in aide and making discriminatory statements to him. Resource website link Tags: growth,business,wyandotte,average annual,wealth management,safe haven,brian teets,financial services,investments insurance,insurance retirement,financial planning,wealth accumulation,safe haven wealth management,investments,retirement planning WASHINGTON, DC -The US Mint is holding a one-day Numismatic Forum on Thursday, Oct. 13, 2016, in Philadelphia, Pa. The reason for this conference will be gather individual members of stakeholder companies to share with you perspectives from the past, current, and future associated with numismatic pastime. In expectation associated with Mint's 225th anniversary in 2017, the Forum will talk about the future associated with Mint together with numismatic environment as a whole. It seems just proper that, while we as a bureau tend to be celebrating our record, the Mint is also researching to improve means we take part our customers and invigorate our relevance to the future, stated US Mint main Deputy Director Rhett Jeppson. Those interested in going to should submit demands to [email protected] by no later on than Sept. 15, 2016. Specific demands to attend ought to include the person's association (e.g., hobbyist, coin dealership, coin grader, etc.). Sitting is restricted and distributing a request cannot guarantee admission. Attendance should be at the price of the participant. Detail by detail information should be provided to verified attendees. For everyone incapable of attend or that do maybe not get an invitation, any formal presentations made by the Mint during forum should be offered on the web the moment practicable after the event. About the United States Mint The US Mint is made by Congress in 1792 and became the main Department associated with Treasury in 1873. It is the Nation's sole maker of legal-tender coinage and is accountable for making circulating coinage when it comes to country to perform its trade and business. The US Mint in addition produces numismatic products, including evidence, uncirculated, and commemorative coins; Congressional Gold Medals; and silver, gold, and platinum bullion coins. The US Mint's numismatic programs tend to be self-sustaining and function free of charge to taxpayers. # # # Supply website link ... Personal financial planning is important because it provides you with a method of organising your financial tomorrows for yourself and is unreservedly about planning for the unforeseen and empowering you to have the independence to handle unpredicted events in your life. Successful personal financial planning is therefore, extremely important for anyone who wishes to stay ahead of their finances. Doubtless personal finance is a demanding subject to grasp and comprehend fully and for that reason an individual as a matter of course is inclined to shy away from it, building defenses in an effort to avoid having to comprehend it's effectiveness. However, with everything in life effort will equal reward in your courageous attempt to rid yourself of financial constraints. For many persons, your objectives in finance are to achieve financial freedoms. Having a well developed financial plan is central to prosperous personal financial future. The next action of personal finance planning is to determine where you are today such as how much money you have stored up, the value of your investments and what types of investment vehicles they are. This plan will give you a blueprint directing you towards achieving your goals, what products you should be investing in, for what time period you should invest for, whilst considering your constraints such as your attitude towards risk. Blueprints such as these will provide you with some great quick start methods on how you can begin to better manage your finances beginning today. It is a reality that one of the largest factors of personal debt is the overuse, abuse and ill-treatment of the credit card. Nevertheless, if you come upon such a position, do not despair, considering with a personal finance schedule you can substantially curtail your liability in 3 simple steps. Firstly you can refinance your credit cards by combining your commitments, or you can even renegotiate your interest rates with your existing credit card institution. In getting ready for a further economical constriction, it is crucial that you take a number of personal financial planning steps. There are the bills you must settle each month, and accordingly, is part of your compulsory personal finance planning routine. Keep in mind that you should endeavor to buy everything 'on sale' for intelligent planning. Smart personal finance planning means restricting how frequently you consume food in a restaurant, or pay out money on recreation. For that reason, by acquiring conventional approaches with your personal finance planning now, you can even so set aside crisis funds that will assist your family if times are demanding. Once you have an precise picture of where you are today, your personal finance planning project can proceed to the next level namely deciding where you wish to be, and how to arrive there. The difficulty is that most individuals compare personal finance budgeting with sacrifices. Target your personal finance planning exploits at liberating yourself to retrain for further satisfying and more financially profitable jobs, and you will turn out to be one of the world's most productive savers in no time. Debt management strategy tip observe your interest rates when economical uncertainty is on the skyline given interest rates are the first to respond to making debt control crucial. In summary therefore, and to address the issue around why is financial planning important, if professions are becoming more unstable, then personal finance planning is becoming more significant than ever, and the earlier you start to get your finances in order, the better. Source by Jonathan Grigson WASHINGTON The U.S. Department of Housing and Urban developing announced today it's going to speed national tragedy help the Commonwealth of Virginia and supply support to home owners and low-income tenants forced from their houses as a result of Hurricane Matthew. Source website link Tags: retirement,business,financial,services,insurance,glen mills,middletown de,wilmington pike,financial consultant |
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