By cooldude | May 4, 2013
Tenant loans can be defined as advances given to those who cannot offer collateral, say a house. This is mainly for the tenants – for the people who have to reside in rented place as they don’t have their own houses which they can set up as collateral. The good part is that tenant loan involves fast approval without the series of rigid criteria as is usual with the traditional loan processes.
Apart from no collateral requirement, the tenant loan does not involve any credit check as well. Thus anybody, with any credit status, even those with bad credit as well, can apply and get approved for the tenant loans.
The tenant loans could be utilized for different purposes such as car purchase, auto repair, business expansion, business venture, business liabilities, wedding expenses, medical expenses, holiday or even for debt consolidation. However, it’s to remember that tenant loans would have higher interest rates given that these are unsecured loans.
By cooldude | April 21, 2013
If you are having an online bank account, you must adopt few safety measures to keep your online bank account safe. You will come across many such cases regarding fraud and forgery of your online bank account. You can stay away from these cases if you follow few simple things.
First of all make it sure that you don’t share the user id and password of your online banking account with anyone doesn’t matter however trustworthy he or she is. He or she directly may not use it in the wrong way, but if he or she is negligent, then it may cause you a loss.
After you first receive the username and password of your online banking account, change your password to ensure proper security.
Don’t write the account details of the online banking account anywhere. Try to remember the password and user id on your own. Avoid logging in to your online account from any computer, especially from a cyber café. If your password and id is saved by default, then your account will be in wrong hands.
By cooldude | April 20, 2013
If you are running a business, then you should carefully choose a merchant account provider. There are many merchant account providers in the market, but you have to choose the best one depending on the few basic factors. You have to keep option for accepting credit card, debit card, net banking, etc to stay way ahead in the game. The few things you should take care of while choosing your merchant account providers are:
Set up time
Currency processing system
Keeping these few things in mind some of the top merchant account in the world are ECS world is a global merchant account provider and offers a number of features for their customers for which they stand way ahead of the other competitors in the market. They have awesome customer support facilities and also provide facilities for the credit and debit card payment.
Instabill is one of the top merchant accounts in the world. They particularly specialize in high risk involving businesses like the casinos, sports gambling, etc.
You can also for the merchantaccounts.cn which specialize in managing online credit card and debit card payments. Moreover they didn’t take any deposit for the service they provide.
By cooldude | April 13, 2013
Do you need to transfer funds and money instantly between different bank accounts of different bank but you have no idea how to do it? Well, all you to do is make a bank transmittal statement and then your job is apparently done. Here are a few tips that might help you to achieving your goal.
• You can apply to fill up a bank transmittal statement either online or offline.
• The transmittal is carried out by the Automated Clearing House network. Hence, you must go through all the terms and conditions before filling the statement.
• Give clear instructions in the transmittal statement for the sending bank.
• Make sure you have the transmittal form from the bank hat is going to send money.
• Make sure you fill up the name of the company as it is on the company bank account if you are transferring money for your company.
By cooldude | March 19, 2013
If you are starting a new business and looking for certain finances, then it is a very difficult task to perform. No financial institution will give you a loan until and unless they find credibility and longevity in your business plan. This can be tough as convincing them for believing in your new idea is almost next to impossible. Though you can have the loan sanctioned if you play a smart game. This can be done by using the correct ways. Here are some tips that may help you in getting a loan sanctioned.
• Having a good credit history would do wonders. Get yourself a business credit card and build a good credit history. This will certainly let the financial companies believe in you and your loan will be sanctioned.
• Searching the internet would help you in finding different banks that are ready to give you a loan. There is a great deal of competition among various agencies.
• Once a bank accepts your plan and gives you a deal you should check the other institution so that you can get a better deal.
These small tips may do wonders in getting your new business plan a financial support.
By cooldude | March 12, 2013
When you speak of loan amortization, you normally refer to mortgage loans and more specifically to the repayment of loan. In a simplified form, amortization refers to the term depreciation in which the value of the asset or the liability reduces over a period of time. With respect to mortgage loans, amortization mainly refers to the payment of the amount inclusive of both the interest and the principal over a specified period of time in order to repay the loan. You find the amortization technique difficult to understand, but you should be thorough with it while borrowing an amount.
Amortization of the loan normally means the reduction of the mortgage over a period of time. However in case of a normally, the value of the mortgage remains fixed over the loan period. A loan is said to be amortized when it is repaid fully in small amounts in a specified period of time.
By cooldude | March 5, 2013
If you are seeking a new home and you want to get the best deal for yourself, then one of the best ways to find discount properties is to look online. There are many real estate deals which you can find online and many realtors have their own websites as well. But before you go in for almost any kind of deal, you must make sure that the deal isn’t cheap because of poor conditions.
Obviously old houses, houses which need a lot of repair work, houses which are situated in the middle of nowhere or houses which have a risky neighborhood will be priced low so make sure that you don’t fall for these kinds of deals. Make sure you contact a reputed and successful real estate dealer and make sure that the website is legitimately certified as well. You can get good deals during the festive season as well. If you have your own furniture and you’re not going for modular homes then too you’ll get a nice discount.
By cooldude | February 26, 2013
The phantom stocks are also known as Shadow Stocks. Most of the companies give these stocks to their employees as cash rewards. The stocks which are given to the employees are of the same price as the companies stocks in the market are. They are mostly given to the officers of the higher rank and to the loyal employees.
There are two kinds of phantom stocks-
• Appreciation Only
• Full value stocks
The Appreciation Only Stock will pay the employee only the escalated stock value while the Full Value Stock not only pays the escalated value of the stock but also the underlying stock value.
Some of the advantages of the Phantom shares are. The employers can have the stock in the name of the employee without the need to actually transfer them. It is motivation for the employee to put in more effort for the company. The employee remains longer in the company to hold on the stock. This is known as Golden Handcuff.
This is considered as the best kind of award for any employee.
By cooldude | January 27, 2013
The role of a bankruptcy trustee cannot be ignored. When a creditor files a bankruptcy the court provides the creditor with an impartial trustee. The role of the trustee cannot be done away with whether one is filling chapter7 or chapter 13. In most cases the trustee works on behalf of the creditor however this is not the case all the time. The main role of the trustee is to make sure that all things should be done based on the laws and the judgment passes from the courts.
Mostly the trustee is on behalf of the creditor. If it is chapter 7 case his duty is to assure that the creditor’s assets are liquidated according to the laws. It the case is based in chapter 13 then the trustee keeps an eye on the debtor’s activity. They sometimes even help the debtor run his/her ventures smoothly.
Therefore it is understood that the trustee works in both the sides that is of the bank as well as that of the debtors.
By cooldude | January 20, 2013
If you have a car and you love it then always have the insurance done for your car. Car insurance is an important part that is to be done. It helps you with the financial protection and safety for any damage caused to the vehicle. The car insurance is done by various private and government banks and companies. It has certain rules and regulations. You have to pay maintaining the rules and regulations of the company for any annual year or time period.
Car insurance also helps you financially against theft. It is very important aspect that is to be done because no one knows about the future. So be aware and confirm the safety of your car by making the insurance of the car. It has certain norms and public policies created by different companies. So you should read the policies and the rules before investing on the car insurance.