Posts by Tracy Walters

Want To Improve Your Credit Score? Try A Payday Loan

There is a lot of confusion about taking out a payday loan. While it is true that you can get caught up in a cycle of debt with them, that can happen with any type of revolving credit. The important thing with any type of credit is to use it wisely and never take out more than you can comfortably pay back when it is due. If you have had a bit of trouble in the past and need to find a way to improve your credit score, a payday advance loan can be just the answer. Here are a few ways they help you:

Reporting to the Credit Companies

Though not all payday loans report to the big credit reporting agencies, some of them do. Look for a loan company that does report to the agencies and take out a small loan. You do not even need to wait until it is due to pay it back, just wait a few days and then go and pay it off. In a month, check to see how it affected your score. You can then do it again if you still need to improve your credit rating.

Stay Current on Credit Cards

Paying your credit cards on time is a sure way to improve your credit score. If you have a bill that is due before you will be paid, take out a payday loan and make the payment on time. As soon as you do get paid, make sure you pay off the loan. While it will cost you a bit of money in interest, the fact that you are keeping a good credit rating will prove to be important over time.

Maintaining Good Relations with Your Landlord

Many people do not realize that when you are late on your rent payments, it can be reported to the credit bureaus. This will not only lower your rating, but can keep you from being able to rent a house in the future. In many cases, the late fees you would pay to the landlord will not be as much as the interest rate on a payday loan. Of course, if the loan interest is more, it will still be beneficial to spend a bit extra to keep a good relationship with the homeowner.

Do not be put off by any bad propaganda about payday loans. Do your own research and find out which company can serve your needs best. Make sure you understand the terms of the loan and pay it back with your next paycheck. They are called payday loans for a reason. When used properly they can be a big help to you financially.

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Bring History To Life With Ancient Coins

History can be a very dry subject. Many children find it boring. Reading about ancient civilizations in a textbook is not exactly a thrilling experience. This is one reason that schools organize trips to museums. Seeing artifacts from ancient civilizations makes the history come to life for children.

You can take it one step further and purchase ancient coins. You can’t obviously take home ancient vases or ruins, but you can own coins that were used in the past. If your child has the opportunity to hold the coins and look at them, then they might become more interested in ancient cultures. Here are some types of coins you can buy and bring home:

Ancient Roman Coins

Roman coins are an excellent introduction to the Ancient world. One reason is that many of the coins feature the images of different Roman leaders. If you buy one of these coins, for example, a denarius, your child will get to look at a coin that was passed around during the height of the Roman Empire. They will also see the face of a famous leader. You can then teach them about the person, be it Marcus Aurelius or Vespasian. This discussion can include tidbits about daily Roman life.

Ancient Greek Coins

Greek coins are not as available as Roman coins, but you can find some good deals online. One of the great things about Greek coins is that they can help you discuss the impact and power of Greece during the Hellenistic period. During this time period, the coins spread out across the empire.

You could also buy a tetradrachm online that has a depiction of Alexander the Great. You can use this to talk about the expansion of Greece under this world famous leader.

Ancient Coins From Biblical Times

If you are interested in teaching the New Testament to your child, then there is a coin that would be perfect. It is known as the “Widow’s Mite.” This comes from a story in the Gospel of Mark. In the story, Jesus speaks about the donations that a poor woman makes. Even though she only has a “mite,” it is said to be worth more than the larger donations of the rich due to it being all that she possesses.

Mites were bronze, and minted in Judea around the time of Christ. There are many places online where you can purchase them. Imagine how amazed your child will be when they are holding something that was used during the time of Christ. Visit Harlan J Berk, Ltd. for deals on ancient coins for sale.

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How FHA Loans Can Help Your Dreams of Home Ownership Come True

Owning a home is a goal shared by many people. According to a Gallup poll, only 11 percent of Americans don’t have any plans to become a homeowner. However, for many people, getting approval on a home loan is challenging. Federal Housing Administration, or FHA, loans can help these people reach their goal of owning a home.

What Is an FHA Loan?

The most important thing to understand about an FHA loan is that its not a traditional mortgage. Instead, this type of loan is meant to be used alongside a traditional home mortgage loan. In the simplest of terms, Federal Housing Administration loans have been insured, or guaranteed, by the federal government.

The borrower applies for a loan from an FHA approved lender such as Western Ohio Mortgage and then the FHA loan is added on. The idea is that by insuring the loan, the risk of loss for the lender is drastically reduced. For an individual who is having a difficult time getting a home loan, this extra layer of protection makes it easier.

How Do You Qualify?

Qualifying for an FHA loan is similar to a traditional loan approval process. One of the most important criteria examined is your credit history. In order to qualify for this loan your credit should reflect a history of timely payments. It doesn’t have to be perfect, but you need a good payment history.

Your debt-to-income ratio is also examined. Although the federal government is insuring your loan to minimize the risk of default for the lender, they want to be sure you can actually afford the home. Your debt-to-income ratio is examined to ensure you will have enough money to pay the loan back.

Special Considerations

Loan limits—FHA loans come with loan limit criteria that traditional loans don’t have. The maximum amount you qualify for is based on the type of home you are trying to buy and the state and county where it is located. This requirement is independent of your debt-to-income ratio.

Appraisals—These loans also require that you have the house appraised by an appraiser approved by the FHA. With a traditional loan, you generally have the option to purchase whatever type of home you want, regardless of its condition. An FHA loan requires the property is in good physical condition and that its cost matches its market value.

If you have a dream of home ownership and are having a difficult time, an FHA loan may be able to help you. Examine your finances and research lenders to see what your options are.

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Good Planning And Accounting Services Can Get Your New Business Started Right

Starting your own business and entering into entrepreneurship can be exciting, but the excitement can quickly fade if you don’t get off to the right start. There are important decisions you must make from the very beginning, and you may need some help from a local accounting service to give your business its best start.

Know The Small Business Checklist

Before you get started with your small business plans, know the checklist of things you need to look into before you begin.

  • What insurance do you need?
  • What permits and licenses are necessary?
  • Are there zoning laws with which you must comply?
  • What are your tax requirements?
  • Are there certain types of insurance you need?
  • Does your sole proprietorship or partnership need a “doing business as” name or DBA?
  • What are the state and federal requirements if you choose to start a corporation?

Start Off With A Legal Structure

Deciding the legal structure of your new business is is important and should be decided first. There are several legal structure options, such as sole proprietorship, corporation, partnership or some variation of these. The decision you make about legal structure affects many aspects of your business. 

  • The taxes you pay
  • The costs of starting and running your business
  • The amount of control you have over your business
  • Your personal liability for business debts
  • Your personal liability for lawsuits filed against your business
  • Your ability to get loans or invest capital to further finance your business

Your business’s legal structure also affects the type of bankruptcy you can file. Even though bankruptcy is not something new business owners want to think about, it is important to understand your options in the event that your business aspirations don’t go as planned.

Work With Accounting Services

Before you make the final decision about your business structure, you should schedule an appointment with an accountant. During this meeting, you can get more detailed information about the advantages and disadvantages of each structure as they pertain to your particular type of business. The accountant can discuss other issues and concerns of new businesses that you may not be aware of. Once you find a good accounting service, you may want to keep them on the payroll for bookkeeping, tax services, or managing your business credit. You can also use the accounting service for all three. 

Starting a new business venture takes a great deal of thought and planning to be successful. If you want to get your business off to the best start, you need to consider discussing your business plans with an accounting service, such as The Callen Accounting Group, PLLC, to make sure you’ve thought of everything. 

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Need Cash Now? 4 Ways To Get Emergency Cash

If you are in need of emergency cash, there are a few ways to get it. Many situations might come up from time to time that require last-minute funds. If you are not prepared with an emergency fund, you will need to think of other options. Your car might break down, a close friend might need a small loan, or you may have another personal situation arise. Whatever the reason, the following four options are readily available for getting quick cash in as little as one day.

Credit Card Cash Advance

If you have a credit card, you always have the option of getting a credit card cash advance. You can use it at any ATM, and select the cash advance option. You will not only pay the fee for using the machine, but interest when your next credit card bill comes. However, this is one of the easiest and quickest way to get emergency cash. You will get the money immediately from the ATM, and simply need to pay it back with interest when you get your credit card bill.

Payday Loan

You can also get a payday loan, which also has interest, but tends to be less than what you pay for the credit card cash advance. A payday loan is a small amount of cash given to you when you are in between paychecks. They will want to see a copy of your last payday stub to verify how much you make and on what days you get paid. You will fill out a simple application and will need to verify your bank account.

You leave a check written out to the payday loan place, though they will only deposit it if you do not return on the designated date to pay back the loan. The benefit is that you get immediate approval and cash right there when you are approved.

Title Loan

A title loan is similar to a payday loan, but instead of using your job as collateral, you are using your car. You will need to fill out an application and hand over the title to your car. They hold onto it and give you a set amount of cash loan based on the value of your car. If you do not return the money within the date they set and you agree to, they can then take over ownership of your car. It is a risky way to get cash, but often a way to get more than what you can get with a payday loan.

Pawn Shop

If you have high-ticket items that you don’t mind doing without for a little while, you can put them on loan at your local pawn shop. This means they hold onto the item, give you cash, and you have a few months to return and pay the money back in order to get your items back. The best items for getting more cash at pawn shops are electronics, musical instruments, high-powered tools, and valuable jewelry items. Gold, diamonds and gemstones typically do well at pawn shops for loans.

To learn more, contact a company like USA Cash Services with any questions or concerns you might have.

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July 2017
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