19/11/2019 Finance makes the world a new place

Choosing Bank Current Accounts

Bank current accounts are very useful things that affect our daily lives and help us to make financial transactions as easily as possible. There are now huge options to consider when choosing the right bank account for you and the different products cover also business accounts plus limited ones for children with the ambition of teaching them how to use money well from an early age. The high street banks tend to offer quite similar deals, in terms of financial returns, and the differentiating factors may just be a few short term bonuses such as a free train pass for young people or some electronic products. Whether these are enough to sway you towards a particular company is really down to your needs and personal taste.

There are varying levels of interest which you will receive on the money that you leave in your account, though these types of accounts always have instant access which makes them ideal for using in daily financial tasks such as buying food, paying bills and such like. There are comparison tables available online and in many newspapers which allow you to quickly compare rates of return on hundreds of different current accounts from all sorts of different companies across your specific country and these are most likely to be up to date and make a great place to start when choosing a current account.

Choosing Bank Current Accounts

There are also additional business accounts which have their own factors to consider and rarely will these include any exciting bonuses as they will concentrate on good financial attributes which the buyer will more likely be interested in. Child accounts will normally be chosen from the same company that the parent setting it up is already using as that will make it easier to transfer funds between the accounts and …

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Venture Capital – The Advantage and Disadvantages of Venture Capital

Joint venture businesses are composed of two or much more firms, groups or person businessmen or corporations. The join one another to make a a lot greater or even a new small business line, hence the name joint. Now, a great deal of enterprises have been joint venturing with other companies and providers for quite a few added benefits. Despite the fact that the positive aspects are obvious, there are nonetheless some disadvantages when joint venturing.

Venture Capital - The Advantage and Disadvantages of Venture Capital

Joint venture has a lot of rewards; a single on the most clear is the fact that you are able to survive monetary crisis or depression for the reason that your venture partners can absorb some of your monetary crisis to retain the organization in shape. Usually this venture is becoming performed to eliminate some or totally do away with the competition to attain a monopolized market for the organization.

A different purpose for businesses to have a joint venture is usually to possess a distinct line or target marketplace. This is to allow the organization, typically a a lot bigger a single, to target other industry besides their present industry. This enables the company to enter a brand new line of enterprise and find out extra about the goods that they’re going to make from their joint partners. This can be incredibly effective especially for those firms that jointed with other providers which have trade secrets or patented goods and intellectual properties. They will now gain access to this precious data that could support them and their partners expand their small business.

Upon entering a brand new industry, this venture not only permits the other enterprise to enter and penetrate the industry in the other, additionally, it assists the other companies’ capabilities with handling the market. This tends to make the business a …

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Buy A House Even With A Bankruptcy On File

Buy A House Even With A Bankruptcy On File

You may feel discouraged thinking about the mortgage application process of you filed for a bankruptcy. However, it is possible to qualify if you plan accordingly and take the necessary steps. Key steps will include; waiting it out, ensuring that your credit report is correct, building positive trade lines and holding a steady job.

Qualifying for a FHA loan is one possibility. If you have are making payments on a Chapter 13 you will be eligible if you have been paying in time for at least 12 months. If you filed a Chapter 7 you will need to wait at least 24 months after the discharge date before being eligible. Keep in mind that the filing date is not the same as the discharge date.

Obtain a copy of your credit report and make sure that everything is appearing as it should. Accounts that were included in bankruptcy need to appear as such on your file. This is preferable to accounts showing late payments or appearing in collection or charge-off status. If it’s not appearing as should, you will need to file a dispute with each of the three agencies and send each bureau a copy of your discharge papers itemizing which accounts were included. You can file a dispute by mail, phone or fax. Include your name, address, social security number and the exact nature of your dispute. Legally, the agencies will have a total of thirty days to look into the claim and will mail you a corrected report once their investigation is complete.

The next step is to rebuild your credit. If you have current accounts in good standing just keep paying them on time. The age of an account affects scoring and as a result it’s good to have trade lines which have remained in good …

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What Happens If I Don’t Pay My Bills?

Sure it’s a cliche, but it bears repeating: “There’s too much month at the end of my money. “

Not everyone is a financial wizard and not everyone is independently wealthy. Budgeting is difficult and surprises await those not ready with a three-month cushion of emergency cash.

Of course, some may think, “What’s the worst that could happen if I don’t pay my bills?” The comprehensive answer to that simple question is “Well, it depends. “

It is inconvenient.

When it comes to utilities, shut-offs are the first line of defense against non-payment. Very few people like to do without electricity, natural gas, water, etc. So usually getting them shut off is incentive enough not to get behind.

Taking time off work to be home for re-connections is not only a pain in the neck, it puts a strain on work life too. Gas companies generally will not re-establish service without someone being there, so that they can take necessary safety precautions.

Eventually, the customer will have to talk to someone about failure to pay. Dealing with bill collectors is not only a hassle, it’s embarrassing. Collections agents are doing their job and do not care about the reason why there was a failure to pay.

It costs more.

Almost any company doing business will charge late fees. Whether it is a percentage or a flat rate, it ends up eating into the budget, making the next month tight on money as well.

Utilities will charge you reconnect fees any time they disconnect service. This can be up to half of the average monthly bill, although most charge a flat rate. Since the customer is over a barrel, they have no choice but to pay it or do without, so it is never cheap. This, of course, is in addition …

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Financial Advisor Marketing – How to Avoid Missing the Boat to Affluent Womenville

Financial Advisor Marketing – How to Avoid Missing the Boat to Affluent Womenville

Recently, on a cruise to Cozumel, the crew shared that there are always a few guests who miss the boat after stopping at port. While you may not believe this could happen at every port, the crew assured us it was the truth. Interestingly, the same thing happens with financial advisors who want to work with affluent women. As hard as that is to believe, some financial advisors just don’t realize that they need to approach affluent women differently if they want to get the results they desire.

A dramatic illustration of this are the studies that show that after the death of the first spouse, up to 98 percent of widowed affluent women will fire their financial advisor. Amazing — 98 percent! Why is that? Affluent women need different things from financial advisors than affluent men. The great news is if you take the time to learn a few simple techniques to better serve your female clients, you can be rewarded with an entry into an extremely lucrative niche market.

Ask-learn vs. tell-respond

Top financial advisors take the time to listen and ask questions, understanding that it’s the best way to improve their skills and grow their practices.

Top financial advisors listen to their affluent clients (not the chronic complainers who should be terminated or referred elsewhere) in order to really understand what they need. Top financial advisors also ask questions — in a non-intimidating way — of people who fit their profile of an “ideal” client, centers of influence (COI) who service their niche market, and other successful people they want to emulate.

When starting out as a financial advisor, it’s easy to ask questions because there’s so much we don’t know. But …

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