If you're a small business owner applying for a loan or other credit, it pays to understand what lenders are looking for. From the point of view of the small entrepreneur the decisions that banks and other credit institutions make can often seem random. In fact, they are anything but.It's crucial to understand that lenders are not necessarily risk-averse. Providing credit has a built-in element of risk. By offering you credit they are, in effect,...more
No, this is not going to be a racy article, but it is a valid comparison of the topic at hand. For those who are native English speakers, that phrase in my title usually has to do with reproduction. That's a topic I want to discuss with you in your home business.When I got started thinking about my home business, I came from a technical background. I got to thinking about all the complex ways I would leverage my skills and setup a marketing...more
To get the lowest interest rate on a debt consolidation loan, you need to research terms and rates. Lenders realize to remain competitive, they must offer low rates. A difference as little as a quarter percent can save you hundreds a year. The type of loan you choose can also have significant financial repercussions.Picking Your Debt Consolidation LoanYou have two options for a debt consolidation loan - secured or unsecured. Secured loans are backed by property you own, typically your home. You can choose to refinance your mortgage to pull out your equity to pay off your bills. You can also use a home equity line of credit to consolidate your debt. With both types of loans, the interest is tax deductible.Unsecured loans, such as personal loans, have no collateral, so interest rates are higher. You can expect to pay a couple of percentage points higher than prime, depending on your credit score. You will also need to have a steady source of income.When you pick the type of debt consolidation loan you want, consider all the financial factors. A secured debt will involve fees. You may also find that interest rates are higher than when you first received your mortgage. However, you...more
There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you.Failure to pay attention to business and corporate law can land you in a world of trouble-both legal and financial. The good news is that you do not necessarily...more
Peer out of your office door, what's your secretary doing right now? If you answered surfing the internet, taking a nap, or reading a magazine, it's time to rethink where your money is going. In an ideal situation, a secretary would be paid for the work they accomplish and not for watching the clock. If is my theory that small businesses can save...more
So the time has come for you to purchase a home and take on home ownership.Home ownership will be perhaps the largest responsibility you ever take on in your life. But it will most likely be the most rewarding thing you ever take on in your life as well.But before you go out and buy that rake, snow shovel, and lawn mower to keep up with all of your towns ordinances, you will first need to obtain a mortgage to purchase the home.Although obtaining a mortgage takes some time and research, as well as a lot of paperwork, it doesn't have to be all that painful. Just take your time, educate yourself as much as you can, and do your best to put yourself in contact with the right people.One of the very first things you will need to do is locate a realtor to point you in the right direction.Realtors are not hard to find, but before you go through the yellow pages, see if you can't have one referred to you by a friend or relative who had a positive experience with their own realtor.The very first thing your realtor will ask you will be if you have been preapproved for a mortgage, I can guarantee it.So here will begin your quest for a mortgage. There are literally thousands of lenders...more
The DebtIn America, it is not only accepted that the majority of us are knee-deep in credit card debt, it is normal. Two generations ago it was just flat out wrong - a sin, to have any kind of debt at all. Today it is quite a different story and...more
You have two options to consolidate and reduce your debt if you don't own a home. First, you can use the services of a debt consolidation agency. They will negotiate lower interest rates and smaller payments. The other option is to take out a...more
A fundamental challenge of small business can be summarized as "too many tasks, too few people."Unlike large enterprises which can have whole teams devoted to limited tasks - think "Task force for the unification of stapler specifications and...more
Are you wanting to apply for a new credit card but feeling hesitant to perform the credit card application online? If so, you need not be concerned. Advances in the technology of secure e-commerce have made online credit card applications literally...more
There are HUGE benefits to promoting affiliate programswith your own home-based Internet business, and I've comeup with a list of 15 great reasons to become an affiliatemarketer.Let's look at each reason separately:1. No Production Costs - The cost...more
Even with a Chapter 7 bankruptcy in your credit report you can still qualify for a sub-prime mortgage. Once approved, you can then use your mortgage to improve your credit history, qualifying you for lower interest rates in the future.The Effects of...more