Oblige Your Desires to Travel

Airline travel, nice luggage, and a breezy hotel; are you ready? According to your favorite travel adviser, travel packages are hot in their hands and a sure pick for you. The shores of nice beaches or the chilling breeze of the mountain air; the choice is yours. Ideally, travel is a wonderful endeavor for young people, couples, and families alike. The glorified sights and experiences are sure to leave a stain on the soul, one way or another.

Travel Options

Take a Flight

There is always a preferred way to travel. Some may not have tried them all, as of yet. Flights are available. Fortunately, there may be cheap tickets for last minute flights. Most airlines do want their planes (flights) filled, before takeoff. Additionally, most airlines also offer a variety of class suites to preferred customers; VIP; and of course those coach loving economists.

Take a Train

Commonly, there is a famous train provider for travel within most populated areas. Those fares are not that expensive, compared to traveling on a bus. Additionally, most trains do offer a food car (restaurant grub); and sleeper cars (include small beds for individuals, couples or small families). However, if you just want to sit tight and enjoy the scenic view, there are seats for adventurists, as well (just read a book).

Car Hire

If you are the corporate type, then the idea of renting a vehicle may be absurd at times. That is when a car hire comes to mind. With car hires, limos can be rented by the trip or hourly. Additionally, car hires do furnish the more domestic of vehicles (SUVs and four door luxury cars) as well. Furthermore, those particular rides are great for when individuals and/or groups don’t want to cause a big scene or the destination calls for limited parking. Cost may be the issue…

Residential Accommodations

Favorite Hotel

Certain hotels come with a Jacuzzi, while others may have an inside pool. What is your preference? Additionally, there are other hospitable hosting options that may include a bar-stay inside and not worry about driving; or a restaurant-treat the kids to an enormous breakfast, lunch, and dinner without having to drive a ways and possibly get detoured into another country, by mistake.

A Comforting Villa

Villas are a different form of housing, in comparison to a hotel. The views are usually based on both the concept and landscaping of residential housing. Surprisingly, this type of domain provides an environment that resembles a community-providing both luxury and privacy for individuals, couples, and families-all together. Additionally, villa communities do host events that may be appealing to the vacation residents, as well (i.e. horse riding, tours, golfing events, pool side entertainment, food catering, etc.).

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Home Improvement Contracts: The Must Have Elements

The majority of home improvement projects go as planned but the ones that go wrong can reach a level of drama right out of an HGTV horror episode. An important element to the success of most remodeling projects begins with proper planning and clear expectations for the homeowner and contractor. A detailed contract which outlines and governs the relationship between you and your contractor is significant evidence you have considered all the important details of the project and provides protection in the event something goes wrong.

The process of executing the contract shines light on the quality of your project plan because organizing the agreement on paper exemplifies a great deal about the underlying elements of the project.

Most established remodeling contractors have a standard document saved as a word processing file which they modify with specifics of each project. You can also obtain a digital contract from a consumer legal document publisher such as: uslegalforms.com.

Just remember the larger and more complicated the job, the greater the risk of problems arising in the process. Most homeowners should consider requiring a contract for any job over the small claims court threshold of $2500.00.

The following paragraphs list some of the more important clauses of home improvement contracts and describes my reasoning for recommending their inclusion into your agreement. This is not a complete list of all clauses needed in a contract and the information should be used for evaluation and educational purposes.

Start Date- Completion Date- All remodeling contracts should include an expected start and completion date. It is important to specify the agreed upon completion date and any remedies/consequences for failure to perform. Some language should be included describing what constitutes reasonable delay such as weather, shortage of materials, etc…

Description of Work to be Performed- It is imperative to accurately and thoroughly describe the project. Items should be specific in detail to prevent and or eliminate future misrepresentations or claims from either party. Copies of drawings, pictures, and other supplemental descriptions should be referenced in this section.

Materials List- A detailed materials list is imperative. It is your right as the home owner to specify the quality of materials for the job. The list should be as specific as possible listing item description, time number and likely supplier. Copies of supplier quotes detailing material descriptions, model numbers etc, are also recommended to list. There is a great variety in material quality and cost. One of the most frequently used tactics in cheating an unsuspecting homeowner is to substitute quality materials with inferior less costly impostors. Protect yourself from this fraud with a detailed material list.

Project Price- the Final agreed upon project price should be detailed in the contract. The most secure agreements are those which have a cost plus arrangement requiring the contractor to provide copies of all invoices related to the project.

Progress Payment Schedule- All home improvement projects should be paid for under an agreed upon payment schedule which is detailed in the contract. Some standard formulas are 30% upfront, 30% at half completion, 30% at near completion, and final 10% held as retention. I also recommend requiring the protection of a construction escrow service in this clause of the contract.

Retention Agreement- The best contracts include a provision for the home owner to release the final 5-15% of the project balance upon satisfactory completion of the project. The final funds are then released at final sign off of the punch list by all parties.

Provision for Contract Modifications- There are regularly occasions in a project where a homeowner decides to make changes to something related to the project such as adding a new feature or upgrading the quality of material used on the job. It is highly recommended that all agreed upon changes be documented as modifications to the contract. A modification is a simple addendum to document but it can be a big mistake to proceed with any project without documenting the change. There are also some legal risks to modifying a project plan without amending the contract.

Lien Waiver/Release- The contractor should be responsible for collecting properly signed lien releases for all subcontractors who have performed work on the subject property. These signed releases prevent future claims arising out of any disputes that arise after payment. The contract should specify this responsibility and also provide the homeowner the right to withhold payment until the releases are obtained.

Permits- It is fundamental that your contractor apply for and obtain applicable permits for the project with the proper governing entity. Be extra cautious of any contractor who does not want to secure permits and suggests you obtain them or for go them all together..

Termination and Dispute Resolution- This is a clearly specified method for communicating and resolving disputes between both parties. Basically this is the documented steps the homeowner is required to take when he has decided to fire the contractor. The termination clause will protect the homeowner from frivolous future claims from the contractor for improper termination.

Warranty- Most projects will not include a provision for lengthy warranties however it is beneficial to establish an agreed upon time frame the contractor will be responsible to resolve any workmanship or material quality issues. Manufacturers routinely provide some warranty against material defect so your contract should detail any remedy for replacement of defective material such as light fixtures, hardware etc…

Summary

The best home improvement project is the one which comes off as close to planned as possible. Unfortunately, there are many occasions where problems arise when home improvement projects go off track. During my career as a banker, I encountered every issue described in the paragraphs above and many more. An accurately documented contract between you and you contractor with be pivotal in resolving any discrepancies in the project and will by your best recourse in protecting you from any legal disputes that could arise from a project and or contractor gone bad.

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Want to be a Full Time Real Estate Investor-Don’t Give Up Your Day Job til You Follow These Steps

It simply isn’t good enough to just want to be a full time real estate investor. The most important element is knowing actually how to be a full time real estate investor. If you don’t know how to do it you will not succeed and quickly find yourself back at square one. With just more than 38,000 full time real estate investors in Australia it goes to show that it isn’t a common profession so the odds are against you if you don’t have what it takes to succeed. real estate however is the basis of every business and has the potential to provide you with the very wealth you need to make it as a full time real estate investor.

As a full time real estate investor you need to have talent and be dedicated to the real estate investment market. To make it in the real estate investor’s world you firstly need to be a good student so that you know what is happening in the real estate world. This will allow to properly analyze market indicators. You need to be knowledgeable about all of the information regarding real estate investment including updated information on building trends, union activities; Reserve Bank of Australia decisions and the list goes on. You need to be a good reader and dedicate yourself to reading as much about the subject as you can.

If you are considering taking the leap as a full time real estate investor it is wise to sit down and write a list of the negative and positive forces which can affect the real estate market. There are more than you think so take your time. After this you can enter the research phase of your new career. You need to be able to understand what will happen if housing purchases are down one month and the effect that this will have on interest rates and even as far fetched as the effect upon building supply prices. The real estate investment arena is a complex and interwoven labyrinth and you need to be able to speculate what is going to occur from one day to the next.

Don’t think you can give up your day job just yet though you need to develop the technical skills to interpret all of this information so that you can make cash flow positive decisions. You don’t want to start your career as a full time real estate investor when all of your assets are creating a negative cash flow scenario. You need to be able to stay on top of your finances and identify cash flow trends so that you can plan your future activities.

If you don’t stay on top of your finances and make wise decisions from the trends that are appearing you are nearing financial ruin. Finances is the most important aspect of a full time real estate investor because you do not have the security of a full time wage and all of your income is dependent upon market conditions and choices you have made in the past. When you come to the heart of the matter – becoming a full time real estate investor requires four key characteristics:

1. Business Skills

2. Management Skills

3. Financial Skills

4. Ethical Skills

These four skills are the basis for your success as a full time real estate investor. And are discussed briefly so that you can identify whether or not you can gain the skills required or whether you should simply choose another career path. If you cannot adapt to these critical skills then you will not be successful in the real estate investment arena and it is better to find out now rather than later. Otherwise you will have risked everything and gained nothing.

Business Skills

o An understanding of real estate and investing

o A historical appreciation of real estate investment trends and real estate cycles and the ability to interpret future trends

o Ability to identify long term prospects of the housing market

o Ability to fiercely negotiate

Management Skills

o Ability to deal with people and conflict

o Ability to communicate effectively with professionals, trades people and tenants

o Ability to display charisma and get people to think the way you do

o Ability to manage effective records

Financial Skills

o Ability to calculate the real return on investment

o Ability to increase profits and equity

o Ability to Balance your financial books and keep track of expenditure

o Ability to calculate the true value of your investments

o Ability to forecast cash flow and debt

Ethical Skills

o Ability to maintain true and correct records

o Ability to meet the needs of your tenants

o Ability to openly and honestly communicate with all those who you deal with as a full time real estate investor

o Ability to be honest with yourself and make honest decisions

As you can see there is more to becoming a full time real estate investor than merely just wanting to become one. To take this on as a full time career you need to devote your life to the real estate market and also maintain basic business principles which will help you to succeed even when times get a little bit rocky. Once you gain the understanding that you need you will realize it is not a tricky business to be in, just one that requires time and devotion. People always dream of becoming a full time real estate investor but few ever do. If you meet these skill levels and have a strong desire to succeed then perhaps it is time for you to take the plunge.

real estate investing is the way to true wealth. If you remain cautious and rationale there is no reason why you can’t succeed. Don’t just jump in at the deep end though take your time. Start with some investment properties while you are still in full time employment. As you see the cash flow increasing to at least the same level as your wage then start reducing your previous working activities. It is always wise to try before you buy and make sure that this is truly the life that you want to live. Remember there will be some scary times ahead wondering if you will be able to continue but if you have taken all the precautions and show the necessary skills you should be fine.

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Improve Your Poor Credit Score and Secure Yourself a Loan

So you are thinking of getting some extra money to make some urgent home repairs, the porch door needs replacing, along with a new hot water system. Unfortunately you do not have the money in the bank, but neither do you have a secure porch door or any constant hot water.

Have you considered personal loans? A lot of people take out personal loans for this type of repair. Car repairs and even holidays are used by people with their newly acquired finances. Most people have heard that a poor credit score is not a good thing (However even those that have a poor financial history can still get loans). But how do you make a good rating?

One of thing major pieces of advice from experts, before you apply for finance it is best to get a credit report completed from a reputable source. This will give you an idea of the chance of getting your application approved. In the United States of America there are three levels of credit rating, basically the higher it is the better it is.

An excellent rating is above 760, a good rating would be between 700 and 759 and a poor rating would be between 640 to 699. if you are at the top end, 760 and above then there is no point in making your rating any better. However with other ratings it is worth trying to improve as it will help your chances of succeeding in the application.

There does seem to be a bit of a chicken and egg situation sometimes, you need finance but have a poor score,but to improve you need a lender to give you a chance. Well, luckily there are things that you and your family if you have one, can do to improve your rating.

Having a poor rating does not mean you have to be stuck with it, starting to pay the bills on time instead of late or not at all will start to get you on the right path. Some lenders will still give applicants loans even with a low score, but the total given will be lower than usually and the percentage rate will be considerably higher. So you will pay more over the period of the finance.

Families can help too. If a member of your family has a good rating then some credit card companies can add you to that family members credit card as an authorized user, this will help with any poor credit score. Also having a family member with a good rating co-sign the loan could help you get what you need.

Finding the correct lender for your score is a good way to make sure that you are getting what you deserve, if you have a high score you deserve some of the best deals on the market. Instead of going to your bank or card company you can go online and search for a matching company. Companies like this are a good place go to make sure you achieve the best deal.

What are a matching company and what do they do? You enter your details on their online program and your information will be fed to several of their approved lenders, in turn the lenders will then return to the matching company with a list of loans that they are able to offer.

Once the offers come back it is then up to the applicant to choose one and complete all the necessary paperwork. A check will then be received within a matter of days and your new boiler and door fitted soon after.

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Payment Options for Shopping All the Way

Everyone is busy. Busy in shopping online and in the malls. Popular online portals are breaking and making new sale records! All thanks to the convenience and the availability of easy payment options and funds!

Here are few of the factors that are making online businesses a success

Credit Cards: A credit card is plastic money. It is one of the easiest form in which a person gets a personal loan.

All online portals as well as retailers in malls accept credit cards issued by various banks.
Online payment becomes very simple and safe, thanks to the one time passwords generated for such transactions.
A PIN is sufficient for shopping using a credit card at any retail store.

Personal loans for shopping: When we apply for a personal loan, we don’t have to provide the financier with the details of what we want the loan for.

Thus these days’ personal loans are being used to finance shopping.
They can also be used as wedding loans, vacation loans and educational loans.

Payment Processing: As far as payment processing is concerned, the following factors matter to both the consumer and the online retailer.

Uncomplicated manoeuvring on website: It is important for the payment process to be step-by-step and easy to understand. Most websites work on this section very carefully and thus the online shopping experience is satisfactory.

Processing Costs: Processing costs matter to the retailers. More the processing fees they have to pay to providers of payment gateways like Visa, the lesser are their margins. So to have an effective business the processing costs need to be low.
Number of payment options: Multiple payment options should be available for the customer to make payment. This makes the shopping a convenient proposition.
Time taken to process transactions: Processing time not only tests your patience but sometimes also the strength of your internet connection!

Cash on Delivery: This is also known as “collection on delivery.” This is a very popular mode of making payments for shopping in the developing world.

It enhances impulse purchases.
A credit card is not an essential possession for the buyer.
The buyer can check the quality of the product and then pay

So this festive season, do not hesitate to shop and to gift! The availability of funds for shopping is not difficult anymore. Also the convenience of online shopping has brought various retailers to our doorstep. So let us shop all the way!

An easy way of shopping is using a credit card. It forms an integral part of most people’s financial planning. When used in the right manner, it helps reduce financial liability and optimizes financial resources.

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Are Online Personal Loans Good For People With Bad Credit?

While the rise of online lending in itself makes it more convenient for people to apply for finance, is this development a good thing for those who are already struggling? There are companies out there who charge expensive annual percentage rates (APRs), leaving many people in more trouble than when they first started.

But it doesn’t have to be this way. Over the last few years, online lending has earned itself a bad reputation. The internet leaves many people vulnerable to fraud, so you should always exercise caution when inputting your financial details. The best way to make sure your information remains safe is to find a secure, reliable lending platform.

There is an unfair irony attached to lending today. Those with bad credit are often led to believe they have no financial options if they have made mistakes in the past, often making their situations seem more desperate than they actually are. This can result in people making bad decisions and can lead to borrowing through unstable sources.

Meanwhile, any lenders that do accept you with bad credit will charge extortionate interest rates because of your history, making it more difficult for you to meet your monthly repayment obligations – thus worsening your situation. This is a trap that many people fall into, and it gives online installment lenders a bad name.

However, this doesn’t need to be the case. If you can find yourself a reliable lending platform, you will be connected to a secure network of trustworthy lenders who can offer sensible solutions to your borrowing needs. Many of these lenders will assess your application, even if your credit file isn’t perfect or your income is lower than average.

Instead of (or in some cases, as well as) running credit checks, these lenders will take other factors into consideration, including your income and employment circumstances, and how long you have lived at your current address. They may even ask for references they can contact who will vouch for your character personally.

Even those who receive benefits as a form of income will be able to apply, giving everyone a fair and carefully considered chance of borrowing money. In these cases, applicants won’t be accepted for higher loans than they can afford to pay back, and interest rates will be low, meaning there is a better chance of managing repayments.

If you have poor credit and need to borrow money, consider a personal installment loan, but make sure the APR is advertised between 5.99% and 35.99%. There should also be a number of options in terms of flexible repayment, offering you the chance to pay the money back anywhere between six months and six years, depending on what you can afford to pay per month.

Small, carefully considered personal loans could actually help you build a financial profile making you eligible for better future borrowing. As long as the lender is responsible, and offers reasonable interest rates, online lending platforms can actually give people with more opportunities than many other lenders in terms of improving their situation.

With this in mind, personal loans can be beneficial to those hoping to improve their credit score, but only if some caution is exercised by both parties, and you only apply to borrow an amount you can afford to pay back.

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Five Reasons for Refusal of a Personal Loan

Don’t you wish personal finance were a mandatory course in college? Unfortunately, too many of us learn by mistake. When you need a personal loan and are rejected, you might be baffled as to what went wrong- and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way of making an educated decision on whether or not you will pay back a personal loan based on your credit history. No credit is worse than bad credit. Qualifying for and making regular payments on these types of introductory forms of credit can overcome a “no credit” score:

· Student Loans

· Secured credit card (includes a down payment amount)

· Being added to a parent’s or spouses good credit: card, car loan, etc.

LOW CREDIT

Low credit takes on several forms. If you’re using more than 30% of your allowable debt, it can negatively impact your score. Too many inquiries from shopping around for loans will also hit you hard. Lapses in payment, defaults, or bankruptcies are giant red flags and can take a long time to rebuild from.

Other things that lenders may look at are whether or not you have sizeable assets should you default on the loan. They also check to see if your debts are diversified or if you are only carrying one type of debt.

INCOME

Proof of income is generally required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require a work history to see how long you have been with your current employer, and to determine if you typically have job stability. Frequent job loss or change will tell a creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application can be rejected due to your proposed purpose for the loan. Financial institutions have the right to set up the parameters surrounding their disbursements and can accept or reject your application based on what you want to use the money for.

BLACKLISTING

If you’ve defaulted on debt before, your name may be put on a list of whom not to loan to,’ also known as a “Blacklist.” This will follow you around for a long time and is difficult to erase. If you do resolve the debt issues, get documents to prove the resolution.

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How Can A Personal Loan Improve Your Credit Score?

When it comes to a personal loan, you have to first learn to use it responsibly. Because if you miss a repayment, your credit score will be impacted adversely. And remember, that a credit score is an indicator of how well you manage your personal finances. Also, it plays a defining role when you apply for any kind of loan – secured and unsecured. It is suggested to apply for a loan slightly larger than what is needed so that you will be assured to have enough money to pay all bills necessary and still have some money left over to ensure that your bank account stays current.

A credit score can be defined as a number which reflects the financial situation of a person. If the person is well-off when it comes to financial matters, then he or she is said to have a high credit score. On the other hand, if a person is the exact opposite of this, then they possess a low credit score. There are a lot of factors that are considered by financial institutions for the purpose of evaluating a person’s credit score – usually, the credit scores of people vary from 300 to about 850.

A personal loan is a type of loan that is given by digital lenders, banks and credit unions to aid you in your plans, be it starting a small business, or making a big purchase. Personal loans tend to have an interest rate(s) lower than the credit cards; however, they can also be put to use for combining several credit card debts together into one monthly lower-cost payment.

Now, your credit score is built by keeping in mind various parameters from your credit reports. These reports serve the purpose of trailing your history of utilization of the credit across the duration of seven years. These credit reports are comprised of information, including how much credit you have utilized to date, the type of credit in your possession, the age of one’s credit accounts, whether one has put in for bankruptcy or liens filed against them, actions of debt collections taken against them, one’s total open lines of credit as well as recent inquiries for hard credit.

Like any other type of credit, personal loans are very capable of affecting your credit score. This can be done through the process of applying and withdrawing a personal loan. If you are curious as to how personal loans can end up affecting your credit, then read on to find out more about the context. There are many ways in which your credit can be affected by personal loans and some of them are listed below:

The ratio of your debt-to-income and loan

Debt-to-income ratio is considered to be the measure of your amount of income that you spend on the debt repayments. In the case of lenders, the amount of income that you receive is said to be one of the major factors proving that you are able to repay your loan.

Some of the lenders have come up with their own debt-to-income ratio so that their proprietary credit scores may make use of it in the form of a credit consideration. Do not fall into the kind of mindset that possessing a high amount of a loan would hurt your credit. The most damage it can do is raise the ratio of your debt-to-income so that you won’t be able to apply for loans anymore without it getting rejected or denied.

Paying loans on time will make credit scores soar

The moment your loan is approved, you have to make sure that you settle the payments of each month on time and in full. Delay in repayment may significantly impact the state of your credit score. However, on the other hand, if you make the payments on time every month, then your credit score will soar high, leading to an overall good score. This will not only make your name to the preferred borrower’s list, but it will prove to be beneficial for you in the long run.

Since your payment history is comprised of almost 35% of your credit score, paying loans on time is essential in cases like these so that your credit score can maintain a positive status.

Variety is built into your credit type

There are about five factors that are responsible for determining your credit score. These are composed of the payment history, the length of the credit history, the utilization ratio of the credit, the credit mix and new inquiries of the credit in accordance with FICO®.

The credit mix only accounts for about 35% of your total credit score, whereas when it comes to a personal loan you can have a varying mix of the credit types. This mix of all types of credit is viewed at a high level of approval by the creditors and lenders.

Origination fee charged by loans

Most of the lenders end up charging you an origination fee. This fee cannot be avoided at any cost and is instantly taken off from the amount of the loan payment. The amount of origination fees depends upon the amount of the loan you are about to borrow. Late payments can lead to an overdraft of fees and late expenses. Therefore, make sure that you pay complete repayment for each month before the deadline.

Avoiding penalties when it comes to payments

Some of the credit lenders tend to charge an additional fee if you end up paying your part of the loan earlier than the agreed date. This is because they are looking for moderate amounts of interest on your loan. Now, seeing that you have paid off your part of the loan before time, they will miss out on that interest that they could have possibly made if you had not cleared the debt soon enough before the deadline.

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