Although the economy has slowly recovered since 2010, there is still a long way to go before the unemployment rate is back to where it was prior to the 2007 recession. Prior to the recession, the national unemployment rate was about 5%. By late 2009, the unemployment rate had risen as high as 10%. In […]
If you are like a great majority of Americans, you are most likely strapped for cash. Hurting for money can mean you cannot go out to eat as often as you would like, but it could also mean that you cannot pay your rent or your utilities. Luckily there is a quick and convenient way […]
The United States is home to a vast manufacturing sector, where factories and workshops produce nearly everything from cars to furniture to books and kids’ toys. But it is not enough to merely produce those goods; a vast freight-carrying network is also in place, delivering all those goods every day of the year. Trains and ships can carry large quantities of goods and planes are effective for expedited deliveries, but most deliveries are done by truck. These vehicles belong to many thousands of carrier businesses across the United States, and most of those business ares are on the small side. These companies employ over one million truck drivers, but owning and running these businesses is not cheap. A small truck company may need some loans to keep its finances running smoothly, and some companies suffer from having bad credit. But small business loans for truckers are always an option, and semi truck finances companies can help out. Truck loans may maintain a company’s cash flow durin (more…)
Loans can be sought for a number of reasons. Different types of loans include business loans, student loans, construction loans, and mortgage loans, just to name a few examples. One type of loan that many like to acquire is a hard money loan. The typical hard money loan lasts for six months to a year, but can be secured for a longer period of time depending on who is lending the money. If you’re looking to secure a hard money loan, this article will provide a brief overview on what these loans are and what they’re used for.
- Hard Money Loans are Tied to Real Estate: One of the first things you need to know about hard money loans is that they are tied to real estate. This is why they’re known as “hard” money loans, because they’re secured with hard assets, in this case real estate. Basically, this means you are putting up real estate as collateral in order to receive the money for the loan. As long as the loan is paid back on time, nothing happens to the real estate. Howev (more…)
If you’re living in the United States, it’s more likely than not that you have struggled, at least at one point or another, to save money. After all, as much as half of the American population belongs to a household that is living paycheck to paycheck, bringing in enough money to get by but not nearly enough to make any kind of sizable contribution – or really any contribution at all, for that matter – to their savings accounts. In fact, less than one third of this population (around 30% of all people) currently have a long term financial plan in place, one with investments and financial goals. And many people don’t have even $1,000 in savings, meaning that they would likely struggle to deal with any type of emergency situation.
Fortunately, there are steps that you can take when you are short on money, ways that you can stretch your income even by just a bit if you’re struggling to get through a particularly difficult financial period. For one thing, renting instead of owning is (more…)
The Benefits of Receiving Personalized Advice for Wealth Protection and Offshore Trusts Asset Management
Offshore wealth management is a specialized area within the banking industry. Given this, high-and-ultra-high net-worth individuals tend to work with a wealth manager that possesses extensive experience. A recent survey revealed that personalized, rather than general advice, was considered to be quite valuable. Given the high-net-worth individuals that responded to this survey, 63% indicated they found “high value” or “very high value” when they received personalized advice.
How Investor Levels Are Categorized
An investor is categorized by the amount of free investable assets they possess. High-net-worth clients, for example, have a minimum of $1 million in available assets. Clients that are considered to be ultra-high-net-worth investors have over $30 million. Many of these individuals choose to protect their assets in offshore trusts and corporations as well as other wealth-protecting and wealth-building opportunities.
Assets Under Management Defined
Borrowing money is a common aspect of being an adult, and most adults take out such loans such as college tuition loans, auto loans, mortgages, and credit card loans. Many such loans are issues from banks and are needed to finance large purchases, but this is not the only type of loan that a modern American or Canadian adult might get. In some cases, a property owner may look to hard money lenders for private loans. These hard money lenders tend to be small and private, and these private money lenders are often an attractive option for property owners who need a fast loan despite high interest rates on those loans. This is not an advisable route for first-time property owners to take, but someone who is experienced with property ownership and who needs fast money may turn to hard money lenders in their area, and they may appreciate how fast and convenient it is to get loans from hard money len (more…)
Applying for a loan of any kind can feel stressful and daunting. You might be unsure of what kind of rates you will get and be wondering if you will be able to handle your payments. However, sometimes moments come up in life where we don’t have a choice but to take out a loan. Buying a car is a great example of this. In today’s world we need cars to get by and sometimes the only way to get a reliable vehicle is by applying for an auto loan. Below are some tips on how to get through this process and receive a good deal.
loan application is to save money. Having a sizable down payment will really help save money in the long run. It can also help to lower your monthly payments and your interest rate. This is because you will have less to pay off over time and it shows the loan company that you are financially prepared.
Buy Withi (more…)
The transaction of debt is something that any business will care a great deal about, all the way from antiquity when gold coins were passed hand to hand to the present day, when electronic debt payment of all kinds makes business faster and more convenient than ever for retailers and customers alike. This can even apply to other debt collection software, such as for paying off loans to a bank or mortgage company or for apartment tenants paying rent to their landlords. As a whole, any worthwhile debt collection management system makes use of modern software, and possibly an Internet connection of private servers, along with the right hardware for all this. Why is a debt collection management system so important nowadays? And what precautions should be taken with a debt collection management system? Are there risks to consider?
Debt in the U.S.
In the modern United States, debt is a fact of life, although this is not as scary as it sounds. In fact, “debt” often simply refer (more…)
With almost $80 billion in debt collection annually, there is much needed from any single accounts receivable management collection agency with one agency able to complete millions in collections for multiple clients.
The Need for an Accounts Receivable Management Collection Agency
Earlier this year consumer debt in the United States rose to almost $4 trillion. Without the ability to constantly track those accounts, there is the need for almost every credit card company and retail company in the nation to hire collection agencies to assist in reclaiming those funds. Amazingly enough, almost half of all debt comes from healthcare expenses.
Value of Using an Agency for Collection
Considering the need to collect customer bills within a maximum of 90 days, there is much to gain from hiring a collection agency for your business needs. Accounts receivable may already be handling current accounts, orders, and other payments that are coming in regularly or even man (more…)
Taking out a mortgage on a new home is an exciting, but nerve-wracking thing. It’s a big financial decision and while the end result is rewarding, the process of making it happen can be stressful. That is why it’s important to understand mortgage interest rates before you apply for a mortgage, so that you can be sure you are agreeing to a deal that will benefit you over time and that is manageable with your finances.
Mortgage rates comes in two different forms. Those are fixed rates and variable rates. There are advantages to both kinds depending on your lifestyle and financial situation. Many people prefer fixed rates, and for good reason, but a variable rate can be useful in it’s own way as well. Mortgage lenders can help you decide which is the best fit for your life.
Fixed Rate Mortgage
Fixed mortgage rates are pretty much exactly what they sound like. They are an interest rate that is fixed and will not change over time. This is an appealing option for a lot o (more…)
Every single year, Americans plan to live on their own without their parents. This is a key decision that is not only difficult to make but comes with so many factors to consider. As a result, people need to make sure they are dealing with only the best mortgage companies. Furthermore, they need to know about how to handle and interact with these mortgage lenders as well.
First and foremost, do not be intimidated when dealing with a mortgage company. They need customers just as much as you need a mortgage. So never rush into a situation that you do not believe in and do not think is respectable and fair. Instead, take time to weigh your options and to understand where you stand in the eyes of lenders! Here are three key steps in dealing with the best mortgage companies and understanding the bad mortgage companies.
Check Your Credit Score
A credit score is the most important thing that lenders look at when weighing out loan offers to a customer. However (more…)
Home Loan Online
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The United States is home to a vast manufacturing sector, where factories and workshops produce nearly everything from cars to furniture to books and kids’ toys. But it is not enough to merely produce those goods; a vast freight-carrying network is also in place, delivering all those goods every day of the year. Trains and […]
Loans can be sought for a number of reasons. Different types of loans include business loans, student loans, construction loans, and mortgage loans, just to name a few examples. One type of loan that many like to acquire is a hard money loan. The typical hard money loan lasts for six months to a year, […]
If you’re living in the United States, it’s more likely than not that you have struggled, at least at one point or another, to save money. After all, as much as half of the American population belongs to a household that is living paycheck to paycheck, bringing in enough money to get by but not […]