Why Consider a Low Balance Transfer Credit Card

Why Consider a Low Balance Transfer Credit Card

There are quite a few credit cards ideal for balance transfers available, but why should you consider applying for one? There are several benefits to choosing one of these cards and so they’re certainly worth thinking about.

Some credit card companies offer free transfers from other cards and provide reduced interest rates from time to time. If you’re like most people and have multiple credit cards, try contacting each of them and find out what offers they currently are running.

Read on to find out more tips and reasons to consider a low balance credit card transfer.

Credit cards for balance transfer

Credit Cards 2Credit cards ideal for balance transfers usually have two main advantages over other types of card: they have low balance transfer fees and then have a 0% interest rate on any money that you transfer. This means that if you want to transfer over a balance from another card, you will be able to do so at minimal cost.

You can then pay off the transferred balance on your new card over an extended period – up to 20 months depending on which card you choose to apply for. As you aren’t charged any interest on this transferred balance, it means you may well be able to pay off what you owe quicker than you otherwise would have done, making these cards useful not just for consolidating outstanding balances but also paying down the debt.

Benefits of credit cards

This means that one of the main benefits of credit cards such as this is for people who perhaps already have one card with some money owing on it, but who would like to pay off what they owe so they can effectively start over again. It’s important you take note of the length of the 0% introductory offer as the standard APR will be charged after this time.

You also need to ensure you keep on top of your payments when you make other purchases on your card, as you have an obligation to do this. As long as you make at least your minimum payment each month, a credit card ideal for balance transfers could be a really good option for many people choosing which type of card to apply for.

You’ll surely find more benefits that credit cards provide to us. But those are just a few of the most popular benefits I wanted to mention.

Mortgage Lender to Get Your Home Loan

Getting a loan for your new house can be quite a pain, especially if you opt to get one from a bank. Most banks are quite useless and getting a loan from them consumes a lot of time and a whole lot of effort. First you need to fill in a lot of paperwork and you need a lot of documents in order to submit your application. This is why you should never approach a bank to get a loan since you will only be wasting your precious time. The other alternative is approaching a mortgage lender or broker to get you a home loan.

Mortgage Lender to Get Your Home Loan

Mortgage Lender

Banks require time, money and a good credit score. Not all people have that. Another horrible experience I’ve had with banks is facing the people at the desks. The people at the desks are extremely uninterested in helping you out and usually transfer you from one place to another, making a job which can be done in matter of seconds take hours to complete. This is why it is better to avoid going to banks and instead approach a lender. A commercial mortgage lender can get you a loan at a better rate of interest than what the banks offer.

But lenders too are tricky people, some trying to get the most money out of you after noticing your desperation. This is why you have to be very careful while choosing a mortgage lender. If you have friends in the real estate business, try to get a recommendation from them. They are the people that usually work with lenders and brokers, and will help you find a good lender. If not you must hire the services of a broker. This might cost you initially, but will definitely help you save money in the long run, that is if you find an honest one.

Using a Mortgage Broker Instead

Brokers are the middlemen between lenders and the borrowers. They are agents who help potential borrowers find lenders. Brokers do charge fees for their services, and these fees can amount to quite a lot. This is why you make sure that the broker does all the work and doesn’t make you do any of the running around. Hiring a broker will save you a lot of effort and finding an honest one will help get you the best deal. There are many ways in which lenders and brokers can rip you off and you will not even be aware of this if you are not careful.

Brokers get a certain percentage of the loan deal from the lender and the commission is increased if the broker manages to raise the interest rate on the Home Loans. Another thing lenders do is quote a low interest rate for the initial period of the loan term. This may seem incredibly attractive, but it is actually quite deceiving. You will only be paying the low interest rate for the first year or so of the term and later on the interest rate will be raised.

So be careful while choosing a broker and don’t ever go in for any teaser rates since you will only have to pay more. A bit of research is required to find a trustworthy broker who will give you good advice and find you a good deal on your home loan.

Financial Rules for a Good Financial Plan

Financial Rules for a Good Financial Plan

Even if you don’t want to take the services of the established financial planners, and you want to make a plan of this kind by yourself, it is better to follow the rules of the financial planners. Whether we are talking about establishing a plan for the real estate you might own, or you just need a few advices to establish some short-term financial investments, the plans implemented by those companies for their clients might work just as well for you also.

Good Financial Planning

Plan your future. We have heard that many times before in our lives. A good rule of thumb to follow is to allot some time to establish the financial objectives and include them in a realistic plan that will help you to succeed. A good financial plan shouldn’t be winged or done haphazardly, the more time you dedicate at the start of your financial plan, the less time you will spend worrying about it in the future.

Don’t expect anything free. Be careful when you see announcements, vendors and other dubious financial offers promising free services. After all, we are talking about an industry involving money, and nothing comes free in this competitive world.

Financial PlanningRisks of Bad Financial Planning

Greater incomes mean greater risks. Admit that nobody would pay high interests for some safe investments such as governmental bonds. In the majority of cases, the greater the ROI (return of investment) is, the greater the risks are. As we are talking about a retirement plan, maybe you should try to obtain safe profits instead of huge ones. After all, we are talking about some money that you might need 10 or 20 years after your retirement, so you should be careful with those sums.

Calculated risks are expected in every investment we make. As we get closer to retirement, you want to avoid the higher risk investments and stick to more solid ones. Always ask your financial advisor what makes more sense in your situation.

Establish your Financial Goals

Establish your goals. Before engaging in burdening financial plan thinking about those times of your retirement when you would be able to visit all those exotic countries, remember that you need to live in the present also. Calculate how much you could invest every month considering your current incomes, and make sure you won’t sacrifice the present for the sake of the future, or for some potential incomes you will benefit of after a few decades.

The Financial Freedom of Homeownership

Owning a home allows you and your family a stable environment. You become part of a neighborhood and community with a sense of belonging. With renting, neighbors come and go, but homeowners tend to stay longer in their neighborhoods and establish longer-term relationships.

The Financial Freedom of Homeownership

Many people enter the domain of homeownership as young couples looking to build a family and nest egg. They plan on starting a family and need room to grow. These family homes will see many firsts and will be a part of countless memories. As well, homeownership gives families more room to entertain and this means extended family will also share in building memories.

It is not only young families seeking homeownership. Families with young people seek larger homes for their growing family. Retiring adults may also wish to start a new phase and new memories by seeking out warmer climates or smaller more convenient home environments.

These memories and moments are what life is all about. Good Memories of Christmas mornings and vacations will fill minds for many years.

Home Owner

Renting vs Owning | Which is better?

Renters though have difficulty putting down roots, both literally and figuratively! Renters are rarely afforded the luxury of gardening, planting trees and shrubs, and watching them grow. But as homeowner you are able to create your own gardens and personal environments, planting trees and memories that grow and mature alongside your children.

Usually there is a certain pride that comes with homeownership. There is a tangible piece of property and land you can call yours. You can’t be evicted or told not to plant gardens, trees or shrubs, or that you can’t have a dog or cat as a pet. This sanctuary of yours allows you to form deep attachments to land, home, friends, neighbors and family.

Common Homeownership Responsibilities

There is a pride in homeownership that spurs many to make improvements and additions, to keep the home in working order and to make it more comfortable and usable for the family. This, in addition, improves neighborhood values.

So why do people buy homes? Initially they may have been motivated by changes in circumstances, such as a new job or growing a family, but they buy based on emotions and expectations of a stable home environment for their family. Most people want a home they can call their own, with good times and memories that will last a life time.

Compare New and Used Auto Loans

Many people living in cities can’t always access public transport for their daily travel. Public transport doesn’t provide comfort for the travelers. Owning a car provides very much comfort in this situation. But we may not have enough financial status to buy a new or used car with instant money.

Compare New and Used Auto Loans

There comes the need for car loans. Many sources are there to provide short term or long term car loans at a fixed rate of interest. These sources include lenders and banks and sometimes the dealership can provide you with a loan. The interest percentage and loan period varies for used cars and new ones. The interest rates of used cars are comparatively higher than new cars.

On average, current used cars loan rates are 1.5 percent higher than that of new cars loan rates.

The interest rate of new cars is comparatively lesser. Banks and lenders offer less interest rate for promotional reasons. Also rebates and other incentives are available for new cars. Getting finance for new cars is quite easy because most of the car dealers offer finance for the customers.

They will very likely provide loans. But in this situation the rate of interest must be high as comparing to other financial sources. In such a situation of major purchase, we should have good planning and research. Once we purchase, we are then committed to a long term financial burden. Estimation of motor car loan payments must be made from the beginning itself. For buying used cars, lesser payment amounts are preferred.

Auto LoanShort Term Auto Loans

We can buy used cars with short term loans. The loan period of used cars ranges from 24 to 48 months while for new cars it ranges from 24 to 72 months or higher. On average, used cars loan rates are lesser for short term loans. Before proceeding for a loan we must compare the loan rates of various lenders and banks. They provide good credit car loans for potential customers. This comparison depends on many factors.

New cars are provided with low interest rates, but used cars that are 1 or 2 years old will also get loans at lower rates. Next factor is the term duration. If the period of your loan is long, then the interest rates will be lower. The third factor is the money down. If we put some money down then we can attain a low interest rates.

Rocket Belt

RocketMan

Controls
Our highly skilled pilot can maneuver forward, backward, sideways, up and down. And like a hummingbird suspended in midair. The highly trained pilot uses his right hand to control thrust, his left hand to adjust yaw and a downward or upward  motion to move forward and back.  The combined movement of each allows the pilot to fly himself precisely where he wants to go.

Obstacles and Structures

  • We can fly over most Land, Water and Structures.
  • We have flown up to, down from, or from structure to structure.
  • We are capable of flying indoors and in close proximity to the public.


Flight Distance and Path

  • The pilot can fly up to 800 feet or more in distance.
  • Flight path is determined at the time of booking to assure uniqueness of each event.


Flight Height

  • Approximately 80 feet depending on the needs of the client. However, we have flown inside as low as 20 feet and as high as our world record flight of 152 feet. With time to spare…

Flight Speed

  • Speeds range from hover to “Rocket Speed”.
  • However, most performances feature the maneuverability of the Rocketbelt with a display of sweeping turns, pirouette, hovering and speeds up to 35 mph.

Flight Time

  • The Rocketbelt carries 30 seconds of propellant. A 30% increase in flight time from the 1950’s Bell model.
  • Flight duration is typically 24-27 seconds but always at the discretion of the Pilot.
  • Performances can be lengthened to include the Flight Preparation/Strap in Procedures and Rocketbelt introduction narrated by the Pilot prior to lift off.


Other Specifications

  • Power: 800 Horse power
  • Propellant: Hydrogen Peroxide
  • Weight: 160 lbs

Timely Debt Management Solutions

Besides financial benefits and debt freedom, debt management solutions include an important personal lesson. The debt problem can cause significant changes in your life style that make you a smarter customer. In fact, you can become one of the few people who live debt-free in the modern world.

The first step to debt freedom

Strategies can be developed for your particular situation, either by taking the techniques outlined by experts in the reduction of the debt or by enrolling in a counselling program. The financial benefits of debt management plan (DMP) are very important as you begin to breathe easy. Some of the most common debt management benefits are listed below:

  • Reduced bills
  • One monthly payment
  • Negotiations with creditors
  • Flexible payment plan

Interest and late fees can accumulate if you are in a period of denial to deal with liabilities that are too heavy to handle. Rather than hoping to win the lottery or getting a promotion, take a step forward. You can get a second job and pay more on your bills, but you can also get help to work with your current income and make a reasonable decision.

Easy credit has ruined lives of many people when they were oppressed by years of slavery in interest rates and late fees. Appeals against the creditors are another burden that many people have. Debt management can help you deal with debts and give you the plan that will reassure creditors. Creditors are often willing to help because they do not want you to declare bankruptcy and default on the loan.

Piggy Bank

Take the situation into your own hands

Knowing that you are in control is so much better than feeling like a victim about to be swept away by a snow slide. Getting out from under the piles of debts is often a slow and stubborn process when you do not have as much fun as you have spending money. For this reason, you need all the encouragement you can get.

Peace of mind comes with an end to collection calls, since your creditors are confident about your payments according to the DMP. It comes from knowing that you are less in need this month than you were last month. You are ensuring that you are doing the right thing by paying your negative balance entirely and learning how to avoid such problems in the future.

A Look at Personal Finance

When thinking about personal finance what is the first thing that springs to mind?

Well, in my opinion personal finance is this and so much more. It’s the way in which you manage your money and look after what payments need to be made.

Savings

If you are lucky enough to be able to save each month it soon grows, especially if you have an account that has a higher rate of interest.

Savings accounts are useful when you know that you won’t need instant access to your money as some require a notice period if you are to withdraw money. There are ISA’s too which are tax free savings accounts that you can save up to a set amount each year. These have a better interest rate than normal savings accounts however again require a notice period. Some building societies or banks will not allow you to take the money out without closing the ISA.

Current Accounts

Bank AccountWhen it comes to personal finance bank accounts are most definitely a big part of the whole picture. If you have the right bank account it will look after you and your money. Some accounts charge a monthly fee for the services that they provide to you. These services may include travel insurance, fraud protection, increased interest rates and many more besides.

Finding the right bank account for you is important to the management of your personal finances. Bank and building societies sometimes offer accounts based on how much you pay into them on a monthly basis, mainly over $1000 a month and you are eligible for the added benefits. But, if you do not want to pay a monthly fee, some charge between $10 and $25 a month, or you don’t pay in enough then there are still accounts out there you can use.

These accounts fail in one way though; they have a lower and usually not very good interest rate. They have all the normal features: cheque book; ATM card; instant access. So if it is just an account for you wage to be put into before you move the money around or pay the bills then this type of bank account could be the one for you.

Debts

When it comes to debts there are lots of different debts out there

With each type of debt there are consequences if you don’t make the monthly repayments. Credit card and loan companies apply late fees or missed payment fees which can accumulate behind your normal payments. You are usually told about these charges when they are applied.

Credit Cards

Credit cardsCredit card bills have interest placed on them whenever your statement is produced. This is usually high interest rates to try and get people to pay the balance back quicker. Sometimes it is the interest that people are paying off as the amount each month is greater than the payment they can make.

Credit cards are a good way to build up your credit score though. Some people are advised to get a credit card, buy small things ($10 to $15) and then pay them straight off when they get the bill. This will build up your credit score but it won’t happen overnight.

Store cards are a debt that people forget about. While out shopping you get offered them in most shops now-a-days and as such you can amass a large number of store cards that will need paying off. Try to remember what you have spent on them as when the bill comes it may be a shock.

When it comes to your personal finances you are the only one that is aware of what is happening.

Don’t bury your head in the sand and hope that they will go away as they won’t!

You have to do something about them. If you are in debt maybe try get a second job to help ease the burden, seeking professional debt advice can also help you. Keeping your personal finances in order will help you lead a happier life as you will not be worrying about where you are going to find the money for your bills.

Budgeting with Bad Credit Loans

Budgeting is a good way to save money and manage finances. Although budgeting is hard and time consuming, the benefits make it worth the effort. There are several budgeting tips available to maximize the results. In today’s world of fluctuating economies, financial security is highly important.

Many people tend to make impulsive purchases that they inevitably regret later. Only the essential items should be bought. This can be done by making a list of such things before going to the market. Store and credit cards should be avoided as much as possible. All outstanding debts should be cleared at the earliest to avoid a financial crisis later on.

BudgetingKeeping Track of Expenses

Keeping track of all bills and expenditure is necessary to identify the places of unnecessary expenditure. In budgeting, it always helps to set an achievable goal. Once a goal is in place, a plan can be created to realize it.

Another important tip is to assess the overall financial situation. Timely action goes a long way in resolving the financial issues. Timing and execution are key factors in budgeting. There are various other tips that are applicable to specific situations. All of them can be found online.

Living on a Budget

Most people living on a budget are affected by bad credit scores. Bad credit loans offer financial aids to such people. Such loans can be of secured or unsecured type. In secured type, the borrower needs to put up collateral to obtain a percentage of its value as loan. The interest rates will be lower than unsecured type where no collateral is required. The repayment period usually varies between 5 and 25 years. The monthly installments are higher for shorter repayment periods and vice versa.

The borrower can choose the type of loan period based on his or her financial situation. Such loans are highly beneficial for people who require emergency financial aid. They can be used for various purposes like buying a car, building a house, business related expenses etc. Many such loans are provided by online companies. The online process is very simple and the money is obtained within a matter of hours. Hence it is preferred by many people.

There are many ways to live on a budget even with bad credit and without sacrificing too many luxuries we’re used to in our everyday lives. Getting a loan to cover your debts may not be the best solution, but nevertheless it is an option.

When and How to Change Financial Advisors

When and How to Change Financial Advisors

Things can get a little difficult if you have been in a long relationship with your financial advisor but feel that he or she is no longer providing satisfactory services. You may be wondering whether you should continue working with your current financial advisor, or just unsure about the process of changing financial or wealth advisors. Fortunately, changing advisors is a pretty straightforward process if you are familiar with it.

First step to change your financial advisor

Financial AdvisorFirstly, is your financial advisor responsible for the poor results you are getting? For most people, financial advisors are hired to manage portfolios and help them to make good investment decisions. However, the markets are unpredictable, and financial advisors cannot guarantee that the employer’s expectations are met all the time. When you experience poor performance from your financial advisor, is it because he or she constantly makes the wrong decision or is it because the environment is just not conducive to strong performance?

Fees for changing your financial advisor

If you really do feel dissatisfied with the service that you are getting and you’d like to change advisors, you should be familiar with what you should do next. Find a new advisor you are interested in hiring, and get everything in line with him or her before you make the switch. If your current financial advisor works for a brokerage firm, you may need to pay a fee for changing advisors. Be careful when transferring accounts and ensure that the money is passed from one broker to another.

Some financial brokerage firms have certain standard operating platforms that all of their advisors must adhere to. Ask what they are and see if the problem is with the brokerage firm and possibly not the advisor. If that’s the case, you might need to shop around for a different brokerage firm that will satisfy your financial goals better. But take your time and do some research so you don’t fall into the same situation with your new firm.

A financial advisor’s job is to match your portfolio to your goals, so if you are constantly experiencing poor performance from your advisor, it may be advisable to make the switch. However, think carefully before making your decision to change financial advisors or you may just end up in a cycle of hiring and then firing advisors and still remain unsatisfied with the results you get.