Wednesday, October 24, 2012

$50,000 Unsecured Personal Loans For Bad Credit: Tricks To Getting Approval

People who have a bad credit rating hanging over their heads, seem to think they have little chance of getting large loans. This is especially true when they have no collateral to offer. But in fact, even the chances of getting a ,000 unsecured personal loan for bad credit borrowers are still pretty good.

This is because lenders always look for the same indicators when assessing an application. So, in the end, securing large loan approval without security is as much about ticking the right boxes as getting small loans with security. So, by satisfying the criteria, and making the lenders feel assured repayments will flow in, the application is very likely to get the green light.

Still, nothing is set in stone, and approving unsecured personal loans is always going to be seen as a risk by lenders. So, what can be done to ease their concerns?

Never Mind The Scores

A credit score is never significant enough to ruin a loan application on its own. Other aspects play a bigger role in the assessment of an application, and the decision is usually made after calculating what is really affordable. So, getting a ,000 unsecured personal loan for bad credit management is always possible.

That is not to say that the score has no influence. It decides the rate of interest to be charged, so securing large loan approval can be made a little more difficult. For example, low scores mean higher interest rates, and very poor scores (between 300 and 500) ensure the loan is quite expensive. This generally means that the loan become too expensive.

Basically, if the amount of income is large enough, then even large unsecured personal loans can be deemed affordable, and the loan application be approved.

Loan Lifetime is Telling

When the interest rate is high, and the loan is deemed expensive, there are ways around the problem. The loan term, for example, the key to affordability. Reducing the share of the loan principal repaid each month can make a significant difference. With a ,000 unsecured personal loan for bad credit, for example, repayments can fall from 0 to 0 by increasing the term from 5 years to 10 years.

This is because the principal is divided by a greater number of installments (120 versus 60), thus reducing the share of the principal repaid in each, helping the make the task of securing large loan approval easier.

The drawback to this move is that the amount of interest paid over the lifetime of the loan is increased - effectively doubled due to the extra 60 months of repayments. But while this makes the loan more costly, getting the unsecured personal loan in the first place tends to be the priority.

The Lender is Important Too

When seeking a ,000 unsecured personal loan for bad credit management, it is important that the right lender is found. This is not just because of the terms and conditions that the lender may place on the deal, but because of the need to trust the lender too. Many lenders include hidden charges and fees that make the loan a lot less affordable than it first seemed.

Traditional lenders, like banks, are notorious for charging higher interest, so online lenders are generally considered the better option. They do charge lower interest rates and provide more flexible repayment schedules, but the most likely chance of securing large loan approval lies with online lenders too.

Searching online is necessary, and the best deals can be quickly found on comparison sites. But be sure to read the small print, and to check lender reputation, before taking on an unsecured personal loan.

Sunday, October 21, 2012

Annuities: how much does each option you choose affect your income?

When buying an Annuity you have a number of sometimes bewildering choices. Should income be paid monthly or yearly, in advance or in arrears? What is a guarantee period? Do I need one? How much income does my spouse need if I die before they do?

As well as finding the best Annuity rate, all these decisions need to be made in the knowledge that once you have bought your Annuity it can never be changed.

It is fair to say that the more options you add on to your Annuity the lower the starting income will be. But just what does each option mean and how much does it cost?

Costs v Benefits

Escalation, a guarantee period and a spouse's pension are the three most popular options we see being added to an Annuity.

We've carried out some research and found these interesting facts about the cost of each option:

A guarantee period is the option which costs the least to add
Including a pension for your spouse is the next cheapest option and would have the effect of reducing your starting income by approximately 10% per annum
The option with the largest cost is escalation

Our research shows that whilst cost is an important issue when deciding on the shape of your Annuity, it is far from the whole story. For many people their Annuity makes up a significant proportion of their retirement income and it is vital to focus as not only on cost but also the shape of the Annuity to ensure it is durable over the years to come.

So, what are all these options and how much do they cost? We have summarised our findings here, but if you want answers specific to your situation we would suggest you consult and IFA or use a pension annuity calculator.

Payment frequency

Annuity payments can be made monthly, quarterly, or annually and you must choose whether you receive your payments in advance i.e. at the start of a period or in arrears i.e. at the end of a period.

Having income paid monthly in advance reduces the starting income by just over 3% for a male aged 65 and by just under 3% for a female of the same age.

Guarantee Period

Simply put, an Annuity will pay out for the rest of your life or indeed the rest of your spouse's life if they outlive you if you have included a spouse's pension. However, a guarantee period will ensure that income is paid for a minimum period of either five or 10 years if you and your spouse (if a spouse's pension is applicable) die in the early years of the Annuity being in place.

A guarantee period of either five or 10 years can be added to an Annuity. As most people will statistically live longer than these periods the cost of adding in such a benefit is small.

For a man aged 65 and wanting his income to be paid monthly in arrears the starting income will be reduced by around 4% if a five year guarantee period is selected, this rises to 5.5% if a 10 year guarantee is preferred. For a woman the figures are 3.29% and 4.45% respectively.

Spouse's pension

A spouse's pension ensures that the income from the Annuity continues to your spouse after your death.

If a spouse's pension is included you also have to decide at what level the income will continue to your spouse after your death, the most commonly selected levels are at 50%, two thirds or 100% of the starting income.

For a man aged 65, assuming his wife is 63 and the income is paid monthly in advance adding a two thirds spouses pension would reduce the starting income by around 13%, a 50% spouse's pension would reduce the starting income by just over 10%.

For a woman aged 65, assuming her husband is three years older the reduction would be approximately 10% for a two thirds spouses pension and 8% for a 50% on-going pension.


Simply put, adding escalation into an Annuity means it will rise each year. If this option is selected the annual increase could be a set percentage or in line with an index, usually RPI (Retail Prices Index).

This option is the most expensive, however it should be considered as it will help to maintain the buying power of your income.

For a male aged 65 adding and annual RPI increase to an Annuity paid monthly in advance would reduce the starting income by around 39%, if a 5% annual increase were selected this figure rises to just over 45%.

For a woman aged 65, who also wants income paid monthly in advance, the reduction on the starting level if RPI is added in is just over 41% rising to around 48% if an escalation rate of 5% is selected.

The all important small print

For the purposes the figures in this article we have used the income that the top paying Annuity provider would give.

The Annuity rates used were those applicable on 17th and 20th June 2011 and source using The Exchange.

The Annuity rates assume no enhancement due to health or lifestyle issues.

The actual Annuity income that an individual receives may be higher or lower than the figures shown in the table and is dependent upon the size of pension fund, personal circumstances, Annuity rates at the time of purchase, and of course the options you choose.

Thursday, October 18, 2012

5 Smart Balance Transfer Credit Card Tips

There's a good chance that a balance transfer credit card will help you if you carry credit card debt. Use a balance transfer card to consolidate debt from your high interest credit cards onto a single low or zero interest credit card. Financial providers offer 0% introductory rates for as much as one year, so you can take advantage of these offers to pay off a sizable chunk of debt.

In your search for a balance transfer credit card, you need to keep in mind that they're not all created equal. To benefit from them, you first have to find the right card and use it the right way when you're approved. Some companies offer some amazing introductory offers that will not only bring you a little closer to debt free, but also give you some additional rewards for signing on. Here are some tips for smart use of balance transfer offers.

Stay Away From Mysterious 0% Periods

The best balance transfer credit cards provide the same 0% period to all approved applicants. Some providers cloud their interest free period in mystery, and the card that arrives in the mail could have a 0% period that might be less than you bargained for. Avoid these providers who state in the fine print that the low rate period will be based on your credit score. Instead, go with a reputable firm that advertises and offers the same interest free period to everyone.

Don't be Deterred By Balance Transfer Fees

All leading credit card companies that offer zero or low introductory rates charge a balance transfer fee. This fee might be somewhere between three to five percent on the amount transferred. The upfront cost might seem like a lot, but is really nothing compared to the money you'll save on interest over that low interest period.

Keep An Open Mind When Comparing Offers

Before you start comparing offers, you'll first have to be honest with yourself about the time you'll need to pay off the debt. Let's say you owe ,000, and plan to pay at least 0 monthly on the debt. You'll need a 12 month interest free period to pay off that debt without interest. In this case, you're better off choosing a card with a higher fee if it gives you more time to pay.

The goal of the balance transfer is to get as much time as you can to pay off the debt before interest kicks in. Keep that in mind when you compare offers.

Keep Your Old Accounts Open

Closing credit cards all of a sudden will negatively affect your credit scores. The main reasons for this are it increases your credit utilization ratio, shortens your history and could give creditors the false impression that you've maxed out your credit.

Keep those accounts open unless you're forced to pay a high annual fee. Then it might be a good idea to close one or two.

Don't Miss Payments

Miss one payment and you can say bye-bye to your zero percent interest rate. Credit card providers stipulate this in their term and conditions, and it's especially enforced on balance transfer credit cards. The bottom line: Make that monthly payment at all costs.

Saturday, October 13, 2012

Boat Finance - Dilapidated Marine Craft Can Be Disastrous Exactly What To Search For

You must have had some of those urges to test something different and enjoyable in your life. The varieties available are all general and someway look as if comfortable to console your thoughts before coming to a decision on the right boat.

A high job would be entailed in outdoor activities i.e. fishing. This is quite a fearsome scheme but has its benefits in presenting the consumer a joy of a lifetime. Well, I have made you beautifully concerned in fishing then here are a few details you must understand before indulging in this venture. Fishing can be done as a game or for profits use. Fishing can be carried out on a small area by the side of canal banks or inside the ponds with large netting casts. Burnett and Mary canal found in Queensland are several of the sites where fishing is done. To involve fishing in the deep rivers, one ought to have a marine craft. Purchasing one is not a hard task specially when you have a set point on the intention of the yacht.

Normally speaking, the most suitable position likely to have marine craft for selling would be near the shore of canals, lakes or oceans. Likewise you can wait for one of the many fairs that are randomly arranged during the year to display vessel designs. Melbourne and Sydney boat exhibitions are some of the outstanding fairs held yearly and can be visited to give an insight on what is on offer in the boat market. The shows generally include several dealers who have quite a lot of brands to select from. As a customer, getting your concerns right will be beneficial in deciding the exact kind that tone with your want. As, I recall some of the vessels that were being presented in a exact event about a year ago in the Perth international boat fair.

The watercraft had a numerous styles that they all made a spectacular fleet of boats. From the different colors I examined and wonderful engineering put into the crafting of the boats, all these would develop a rich showground for any boat purchaser to take their best pick. Most boats are very lasting and if your approach of appeal is in traditional vessels, then it would not be hard to obtain conventional boats for trade. The word antique does not necessarily have to indicate you get an old wreckage; value your life. Traditional can in straightforward words be a boat that normally has old material and is simplistic in its pattern.

The a lot of categories available have to be well chosen according to sort of utilization. Training yachts for transaction normally have graceful body for simple exercises and in the same way uncomplicated storage. The substance creating the vessel must be very firm and checking ought to be made to make certain that it is free from decaying. Some trusty supplier having cruisers for deal would be older boat sellers. They offer a relatively discounted boats that can suit your objective, either fishing or training. Carefulness ought to be taken when transacting in old boats.Decayed boats can be devastating and will put together the operating cost of their preservation rather expensive. There is a turn of phrase that goes cheap is expensive' and you must not try showing this out. It would clearly be sensible to get a first class trade for a renowned vessel that will have other included advantages. As, second hand boats for sale rarely come with contracts and the instant items are purchased, you are left at your own danger. Such perils can be turned away by attaining latest boats from dealers.

Friday, October 12, 2012

History Of Foreign Exchange :5 Events That Changed The World

5 Economic Events When Currency Rocked The World

These are changes in the currency markets which caused substantial impact in the world economy. It is important that people learn about currency movements and how the occurrence of such events provide lucrative opportunities for currency investors to profit from the forex markets.

Free Market Capitalism is Born

On August 15 1971, this date marked the end of the Bretton Woods system, a system that used to fix the value of a currency to the value of gold. The United States pulled out of the Bretton Woods Accord and took the US off the established Gold exchange Standard.

US were running a balance of payments deficit and a trade deficit back in the early 1970s due to the costs of Vietnam War and increased domestic spending has accelerated inflation. The US government used up almost all of his reserves and gold reserves by that time. Hence it began to print more dollars to supplement its expenditure. In short, most countries lost faith in the dollar as it is overvalued against gold. The international community dumped their dollars in exchange for gold.

The fact is there was not enough gold in the US vault to pay back the international community. US government had printed too much dollar and they were broke.

Following that, President Nixon shocked the world. The event was informally named Nixon Shock' because President Nixon and 15 advisors removed US from the Gold Exchange System without consulting the members of the international monetary system.

US dollars was the first currency to be floated- that is, exchange rates were no longer the principal method used by governments to administer monetary policy but is solely determined by supply and demand market forces. By 1976, all the major currencies were floated. The forex markets were started.

Devaluation of U.S Dollar Plaza Accord

In the early 1980s, the US Federal Reserve System under Paul Volcker had overvalued the dollar enough to make US exports in the global economy less competitive. The U.S government faced a large and growing current account deficit, while Japan and Germany were facing large and growing surpluses.

This imbalance could create a serious economic disequilibrium which would result in a distortion of the foreign exchange markets and thus the global economy. The result of current account imbalances and the possibility of foreign exchange distortion brought ministers of the world's leading economies France, Germany, Japan, the United Kingdom, and the United States together in New York City.

The Plaza Accord was signed on September 22, 1985 at the Plaza Hotel in New York City, agreeing to depreciate the US dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets.

The effects of the Plaza Accord agreement were seen immediately within 2 years. The dollar fell 46 percent and 50 percent against the deutsche mark and the Japanese Yen. Devaluation of the dollar stabilise the growing US trade deficit with its trading partners for a short period of time. As a result, U.S. economy became more export-oriented while Germany and Japan became more import-oriented.

The signing of the Plaza Accord was significant in that it reflected coordinated actions with respective governments were able to regulate the value of the dollar in the forex market. Values of floating currencies were determined by supply and demand, but such forces were insufficient, and it was the responsibility of the world's central banks to intervene on behalf of the international community when necessary.

To date, we still see countries that continue to regulate value of its currency within a certain band in the forex market. Example of one country is Japan.

Black Wednesday - The Man Who Broke the Bank

Black Wednesday refers to the events on 16th September 1992 when George Soros placed a billion speculative bet against the U.K. pound and won. He became the man who broke the Bank of England.

In 1990, U.K. joined the Exchange Rate Mechanism (ERM) at a rate of 2.95 deutsche marks to the pound and with a fluctuation band of +/- 6 percent. ERM gave each participatory currency a central exchange rage against a basket of currencies, the European Currency Unit (ECU). This system prevents the exchange rate of participatory currencies from too much fluctuation with the basket of currencies.

Until mid 1992, economy began to change in Germany. Following reunification of 1989, German government spending surged, forcing the Bundesbank to print more money. German economy experienced inflation and interest rates were raised to curb inflation.

Other participatory countries in the ERM were also forced to raise interest rates so as to maintain the pegged currency exchange rate. The rate hike led to severe repercussions in the United Kingdom. At that time, U.K. had a weak economy and high unemployment rate. Maintaining high interest rates is not sustainable for U.K. in the long term, and George Soros stepped into action.

George Soros was said to profit billion from the Black Wednesday. This single event showed that with knowledge and experience, investors could profit from the forex market. No central banks can control the forex markets.

Asia Currency Crisis

Leading up to 1997, investors were attracted to Asian investments because of their high interest rates leading to a high rate of return. As a result, Asia received a large inflow of money. In particular, Thailand, Malaysia, Indonesia, Singapore and South Korea experienced unprecedented growth in the early 1990s.

These countries fell one after another like a set of dominos on July 2, 1997, showing the interdependence of the Asian 5 Tigers' economies. Many economists believe that the Asian Financial Crisis was created not by market psychology but by shrouded lending practices and lack of respective government transparency.

In early 1997, Thailand current account deficit has grown consistently up to a level that is believed to be unsustainable. Shrouded lending practices oversupplied the country with credit and in turn drove up prices of assets. The same type of situation happened in Malaysia, and Indonesia.

Levels were reached where price of assets were overvalued and coupled with a sn unsustainable trade deficit, international investors and hedge fund managers began to sell Thai baht and neighboring countries' currencies hoping to profit from the plunge.

Following mass short speculation and attempted intervention, the Asian economies were in shambles. Thai baht was sharply devalued by as much as 48 percent and Indonesian rupiah fell 228 percent from it previous high of 12,950 to the fixed U.S. dollar.

The financial crisis of 1997-1998 revealed the interconnectivity of economies and their effects on the global currency markets. The inability of central banks to intervene in currency markets provided yet another lucrative opportunity for currency investors to profit.

The Euro: Best Reserve Currency after Dollar

The name Euro was officially adopted on 16 December 1995. The Euro is the official currency of 16 of the 27 Member States of the European Union. Euro is the second largest reserve currency and the second most traded currency in the world after the U.S. dollar.

As of November 2008, with more than 751 billion in circulation, the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar. Based on IMF estimates of 2008 GDP and purchasing power parity among the various currencies, the Eurozone is the second largest economy in the world.[1]

Value of Euro and the U.S. dollar are inversely correlated. Should the dollar fall, value of Euro currency will rise. Euro will be the best choice to shift money to, should the value of U.S. dollar continue to fall. This makes the Euro the best substitute currency for the dollar.

Feel free to use this article on your website or ezine as long as the following information about author/website is included.

[1] Wikipeda

Tuesday, October 9, 2012

Corporate Asset Finance . Feeling Overwhelmed . How A Lease Company Addresses Your Issues

Corporate Asset Finance has the ability to be very complex today - the positive news being there are a number of options for the Canadian business owner / financial manager to choose from. That might be a lease company, a bridge loan provider, or even a Canadian chartered bank.

The owner/manager can then be forgiven for not truly grasping the benefits, and risks, of asset finance. Worse, more often than not available advantages and benefits are under utilized.One way to take control of the asset finance concept is to utilize the services of a financing expert. Truth be told it is a rare breed of business owner or manager that has the background in credit, law, finance, tax , and accounting that are all part of the asset finance equation.One way in which the asset finance question is often overlooked is simply the inability of the owner and manager to look at asset financing from a 'cradle to grave 'point of view .

So what are those starting to end points when it comes to corporate asset finance via your lease company or other alternative financial institution? First of all the borrower has to have a strong sense of the general marketplace that is probably one of the greatest areas of misinformation or confusion. We talk to countless clients who simply don't understand the lay of the land when it comes to asset financing namely who are the players in the asset arena they are playing in? We can't count the number or times we've seen a client who has previously spent a lot of time dealing with the wrong players and the wrong offerings.

To put it simply, they don't understand the lay of the land!After getting a strong handle on the overall market your firm has to have some sort of evaluation criteria. Those criteria involve rate, term, structure, useful economic life, etc. Documentation, tax and accounting issues, as boring or mundane as they might sometimes seem are critical to 'best practices 'in asset finance.

In entering a lease or asset finance transaction your company needs to know how this particular finance transaction can make or lose your company money. That might come from understanding applicable rate structures, or perhaps knowing your firm might have the bargaining power to issue a tender to solicit asset finance bids.

The big boys and government does it - can you? Sometimes you can .Not always, but sometimes!Key issues in accounting and finance play a key role in asset finance. They might include depreciation policies, or simply your choice to enter into an operating off balance sheet type transaction. Part of the business of asset finance is of course knowing the long term economic value of the assets you're financing.

Your overall financing strategy brightens significantly when you're keenly aware of asset resale values and obsolescence issues.Want to get a solid handle on the pros and cons of corporate asset finance in Canada, dealing with a lease company or commercial finance firm.

If you don't know it all (who does? ) seek out and speak to a trusted, credible and experienced Canadian business asset financing advisor who can assist you in getting un-overwhelmed!

Sunday, October 7, 2012

Get A Home Loan With Bad Credit

There are many websites online these days where you can go in search of loans. Even people with bad credit are lucky enough to have online resources to use when it comes to lending for homes, automobiles, or even personal reasons such as debt consolidation. That is what makes the internet such a great resource there are literally dozens of choices at your fingertips available in seconds.

There are also many companies online that will work with your regardless of your credit history. These companies actually specialize in working with customers who have bad credit and they will help you to take steps to improve that credit score in the long run through responsible lending and repayment of loans. This is especially helpful for potential home buyers who need help with their credit score before committing to purchasing a new home.

How Online Lenders Can Help

Many online lenders will begin the process of helping you find a home loan with bad credit right on their website. If you look on many of their home pages, they will provide links to tips that will help you get your credit and all other rooms in your financial house in order before you seek a mortgage.

In addition, there are mortgage forms that will offer easy pre-approval. By filling out some simple details and answering some easy questions, the lender will be able to assess right from the get go whether or not you are in the range of eligibility for their bad credit loans.

Should you have trouble in the early stages of qualifications, many companies that specialize in lending to borrowers with bad credit will then refer you to a financial counselor. This counselor may be within their company or someone who they frequently work with in cases like yours. Basically, the job of the counselor will be to assess the problem areas of your credit score and other financial details in order to put you in the best position to resubmit your application and gain approval.

Borrowers with Bad Credit Still Qualify

It is really important that you take the first steps that I outline above before making any assumptions about your ability to qualify for a home mortgage loan. Especially in the case of lenders who specialize in bad credit loans, you may be more likely to qualify that you think. It is a myth that only those with sterling credit scores ever get home loans.

This is because there are a number of factors that contribute to credit worthiness other than the simple FICO score provided by the three credit reporting agencies: Trans Union, Experian, and Equifax. In fact, many lenders will be equally concerned with your income, the amount of money you have saved for a down payment as well as the statistics in your credit report that exist independently of your credit score. Depending on the length of time between now and the credit hiccups in your past, your good financial behavior over the past few years can virtually wipe away a lot of the stigma of a lower credit score.

Take Your Time

No matter your position with bed credit lenders, make sure that you take your time and look at more than one lending option before making any rash decisions. Choosing to take out a 6-fiugure loan for a new home is no small step and it is important that you really look into the different deals offered by those many online lenders. It is equally important to take an honest look at your budget and never take more loan than you can comfortably afford

Thursday, October 4, 2012

Using eco-friendly tote bags as promotional products

On average,a promotional message imprinted on a bag can deliver more than 1,000 visible logo impressions in a single month. What this means is that one customer or prospect, carrying one bag with your company logo or message on it is going to tell a thousand people about your products and services in the space of a month. Simply put, promotional bags are smart ways to investing a product that will ensure superior visibility and recall for your brand. Maybe that's why promotional tote bags are so popular with businesses looking to advertise.

With increased awareness of the environment, and the challenges facing humanity as it struggles to survive long into the future, recycled and ecofriendly products are an important way for anyone to show their responsible stand on the environment. For an advertiser, then, recycled, organic, biodegradable tote bags with the company logo or message are a great way to demonstrate their environment friendly attitude. Eco friendly tote bags encourage the right kind of interest in the services or products your company provides, while it shows people that you genuinely care for the planet and the environment.

As it becomes more important, every passing day, to be responsible and environmentally aware, the ever increasing numbers of eco-conscious consumers are a showing clear preference for the companies that care, and manage to show how important they think it is to protect the environment. Be one of the preferred responsible brands with ecofriendly tote bags from the wide range available at tote bags.

The surest way to demonstrate the environmental responsibility of your brand is to make sure your promotional products are earth safe and eco-friendly, and made from recycled materials. Tote bags made from recycled paper make great environment friendly promotional products that demonstrate your earth friendly and responsible side.

Green promotional items such as eco-friendly tote bags are manufactured from sustainable materials that are, and can be, recycled. With your message emblazoned on a tote bag made from materials like cork, jute, or bamboo, you are sure to reach the widest possible range of customers and prospects with your message of responsible consumerism. This not only puts your brand and your name out there, where people can see and relate to it, but also shows them that your company cares.

Go green! Show your earth friendly side with the wide range of eco-friendly promotional tote bags made from sustainable recycled materials available from the team at Action Printing Inc. These inexpensive green giveaways not only have plenty of space for your logo and a message, it can also easily have contact details like phone numbers and a website address.Any way you look at it, eco-friendly tote bags are superb promotional items that advertise your business and help the environment at the same time.

With the whole world looking at reusable options for just about everything these days, eco-friendly items such as tote bags will be appreciated by the people who receive them.Promoting your brand through these green tote bags is sure to be an excellent chance to show that you are concerned about the environment while making you're your business achieves the greatest exposure it can.