A second mortgage can be the first step to climbing out of debt, especially for homeowners who have bad credit. A second mortgage is a loan taken out in "second position" on a property that already has a mortgage. There are fixed-rate loans, adjustable-rate loans and home equity lines of credit (also known as HELOCs). Fixed-dollar-amount mortgages are the way to go when you need all the money at once. A HELOC is a credit line that can be drawn...more
Credit card companies are becoming very competitive. With the use of credit cards becoming an everyday part of life, credit card companies are scurrying to get your business. Many credit card companies have teamed up with other companies to offer rewards or perks to users. Airlines are one of the top companies that they have team up with. Travel and credit go hand in hand to provide the customer with free air miles for purchases they make on...more
Do you need to start or grow your business but have little money? Before you look to banks and similar sources of financing, why not bootstrap your way to business success?A bootstrap is a small loop of leather or other material that is found on the top rear or sides of a boot. The purpose of the bootstrap is to help you pull your boot on.In business, bootstrapping has come to mean helping oneself without seeking outside help. It means using your own resources to finance, promote, and develop your business.Here, then, are some ways of financing your own business by using your own initiative and depending less on outside bank financing.1. Operate a Home-Based Business Operating your business from home could save you a fortune. First of all, you eliminate the costs of expensive commercial rent, commuting, et cetera. As well, your business use of home expenses would be deductible for income tax purposes. Since your home is your base of operations, your travel and automotive expenses from your home to clients would be deductible. 2. Accept Credit CardsRather than financing receivables and assuming the risk for bad debts, why not accept credit card payments?3. Drop Ship Products Rather...more
Starting and operating your own home based business is the ultimate tax shelter.Although this article has been written from a Canadian income tax perspective, the principles should be practical in other tax jurisdictions.1. Non-Deductible Personal Living ExpensesAll of us have expenses that we incur in everyday living.Either you rent an apartment...more
Possibly not, it is feasible to everyone to have the taste of the things around- convenience costs. And for, loans emerge as financial saviour; the lending authority has come with providing the facility at individuals' door steps. The personal unsecured loans are such loans which not only evade the borrowers from any kind of property repossession...more
Credit cards getting you down at the moment, wish there was a way to ease the burden for a short while and save yourself some money in the process, well read on and find out how. Balance transfers could be the answer to your prayers, some of the introductory deals on balance transfers are really good, some are offering 0% interest rates for a free period of time anything from 6 months to a full year, some of the credit card companies also offer a low interest rate for the lifetime of the account, which will properly be the best option if the amount you transfer is a large amount and you will not have it paid of within the 0% interest free period.Most credit card companies are jumping on the band-wagon and introducing the 0% deals, as most people want to save some money where possible and the fact that they don't have high interests rates has to be a good thing. One word of warning is check that once the 0% interest free period is finished that the APR is lower than your previous card, there are some good credit cards out their including the Capital One No Hassle MasterCard this card offers you a typical APR of 6.9%.If you where thinking of taking out a loan from a bank it may be...more
Virtually all mortgage borrowers go with a mainstream UK lender to make the biggest purchase of their lives, it's the done thing and to be honest most people don't realise there is a viable alternative - the foreign currency mortgage. Interest rates...more
There are a number of factors that will effect the credit card rates you will be offered by credit card providers. Credit card providers never offer the same credit card interest rate to all of their customers, but using complex calculations of risk...more
The competition between credit card companies is getting fierce. Many credit card companies are offering special incentives to get you to sign up for their card. 0% APR is one deal that many credit card companies are using. These 0% APR credit...more
1. Why Start Your Own Affiliate Program?Multiple web sites and distributors selling your product can result in increased sales and profits. Unlike conventional advertising, affiliate programs pay only for performance. Commissions are not paid out...more
Cash back credit cards are a fantastic way for you to make some cash, while spending on your credit card, though it does only suit the customers who pay their bill in full at the end of each month.A cash back credit card will give you the chance to...more
Credit card rates are the biggest factor in credit card debt. High rates make it harder to pay down the debt. Searching for the best credit card rates can be confusing and frustrating. There are so many terms and catches that it can be very hard...more