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Showing posts from June, 2011

The Short Sale Alternative to Foreclosure

Real Estate Short Sale (Image via Massrealestatelawblog.com) Most business analysts unequivocally point to the housing crisis as the precipitator of this current economic downturn. According to CNN Money, in 2010, 2.9 million foreclosure notices were filed and more than 1 million people lost their homes to foreclosure. If you are experiencing an economic hardship due to a job loss, disability, unexpected medical expenses, etc., you do not have to be in this number, there are options available to you. If you have received your Notice of Default letter, detailing the lender's intent to sell your property if you do not make your mortgage payments or if you are depleting most of your income, savings, and surplus funds in order to keep a home that is 'underwater', meaning you owe more on the house than what it is actually worth, you have options, chief among them is short-selling. Of course, this is not a desirable position to be in, but as opposed to going through a foreclosu

Seven Insurance Policies that are a Waste of Money

There are certain types of insurance in life that we can’t live without and which you would be foolish to go without. Health insurance, car insurance, even life insurance all have their place in your financial planning, and though expensive, are important to have if the worst should happen. However there are now so many different kinds of insurance out there that it seems as if insurance companies are trying to cover every second of your day – and make you pay for the privilege. Here are seven examples of insurance that in all likelihood, you don’t really need:    Extended Warranties: The biggest con of all, if you buy a product you are entitled to expect that it will work for a decent length of time. In Europe for example, extended warranties are unnecessary because the courts would argue that you should expect a product to last four to five years minimum anyway. And if you’re so convinced it will collapse the day after the manufacturer’s warranty expires, save a bit of money every mo

Life Insurance: FAQs about Designating Beneficiaries

Life insurance is generally used for two purposes. Its primary use is to create financial protection for your loved ones should you die unexpectedly. Life insurance is also purchased for managing your estate taxes. Naming a beneficiary for your life insurance policy is the next important step you will take after choosing the right policy and the right amount of coverage for your needs. Many people have questions, and here, we provide you with answers to a few of the most common questions related to designating your beneficiaries.

How to talk to your Partner about Your Finances

It may surprise you to learn that one of the biggest causes of marriage and relationship breakdowns is not because men keep leaving the toilet seat up, and it isn’t even the endless battles over the television remote. One of the biggest causes of stress and upset in a relationship is money, more accurately money troubles. Whilst it’s perfectly natural to worry about money, especially when it is short supply, there are a number of ways that you can deal with the financial issues together; And that’s the key! You  must deal with your finances together.

Insurance Company for Your Business: Tips to Choose the Right Company

For running a business, insurance is an essential part. Though many businesses overlook, it should be an important part of your business plan. Otherwise, after disaster strikes, you will be left only ashes. Many insurance companies are in the business around you. Therefore, before starting to dance with one, consider some important aspects to determine whether it is the best partner. There are three main features that determine the quality of the company and also influence the premium and guaranty the success of your claim if any disaster occurs. They are: * Price * Service * Financial Stability At first, compare price of the several companies’ quotes. You can save a comprehensive amount over the years by picking up the best price. Take help from websites that compare insurance quotes. Careful about setting the excess; a really high amount will lower the monthly premium but a set excess will increase the monthly premium. Make sure that you will be able to cover the excess in th

Loss Assessors and Business Interruption: Your Secret Insurance Weapons

Planning for the future is an essential part of business and without it you are probably doomed to fail. Planning for the unexpected is somewhat more difficult but a business that can do this is more likely to survive in the long run. There are a myriad of different types of insurance that it would be important to take out for your business - but not that many people are familiar with business interruption insurance. Should your business be struck by a major disaster like flood or fire your business could be left in ruins. The extent to which fire and flood can damage you property and stock can be incredibly extensive and normal insurances will not always cover you fully.

Travel and Travel Insurance Fraud Examples and Issues Exposed

When you are arranging your travel insurance and travel arrangements, you should always go with reputable providers, whether they be online or instore. There are many travel related fraud-schemes that exist today, particularly with online purchasing. Here is a look at some of them, you might not be aware of. 1. Fraudulent Operators – Instore. You might not believe it, but travel agents in some countries can be very dangerous. This is another reason why you should make travel arrangements from a supplier in your home country. Dealing with legal issues and making complaints against companies in your own country is much easier than in another. This does not matter where you are in the world. Some operators will actually use credit card details that have been stolen from other people to purchase your tickets when you pay cash. You are then risking flying illegally. This happens a lot in many countries. Believe it or not. 2. Credit Card Detail Theft – Online. With a growing use of

Debt Negotiation can Help Your Financial Future

Can you negotiate with a debt collector? There are times when finances get out of control; this is when debt negotiation can help. Negotiating debt is nothing new, what is different is that more people are having debt problems and they don't know what to do about it. Debt also has a huge impact on your financial future; shedding some light on the debt negotiation process will help you decide which avenue to take. There are certain areas of debt that can be negotiated. You can do this yourself, but because these situations are highly emotional mistakes can be made. Let’s take a look at how the process works. Debt Negotiation When you can't pay your bills any longer your lender can negotiate new terms with you. They will do this in lieu of you filing for bankruptcy because they get nothing if you do. There are three areas which you can negotiate, they are: Interest rates, terms (length of payments) and reducing the principal balance. Your lender will be more flexible in lowering

Can ERP system reduce the business costs?

The benefits of ERP software are vast and can help a business achieve its goals in many ways but one of the primary benefits of using an ERP system is that it can help to reduce costs and to increase profits! An ERP system works by integrating itself into the business and brings all the various departments within the organisation together. This enables the system to improve communication between the various departments and also enables the ERP system to carry out a number of mundane manufacturing and accounting jobs for you. Since implementing an ERP system, many companies are reporting a reduction in production costs by up to 15% and others have reported a reduction in costs within other areas also. Here are three how implementing an ERP system can reduce an organisations cost:

Find Answers of Common Cash Advance Questions

Many first-time cash advance customers have lots of questions about how these convenient loans work. Cash advances can be a serious obligation for the uninformed borrower and are nothing to take lightly. We're here to answer some of these common questions for you so you can better understand your financial options and make an educated decision. If you need short term help with cash wired right away, consider borrowing a cash advance to help with your expenses. How are cash advances approved? Cash advances are not approved with credit checks like traditional loans.

Home insurance is the best practice

Home insurance isn’t really complicated the cover you need is usually pretty much contained within the standard home and contents policy. You also need to know how to check your policy to make sure you are adequately covered. Best practice for homeowners is to learn how to go through a policy and understand the cover provided. The issues: Home and contents insurance provides a degree of cover for financial loss in the event of fire, building damage, theft or other events. The problem for homeowners is that the amount of insurance payable needs to be monitored to ensure that the insurance payout meets their needs. This can be a slightly tricky process, because people tend to accumulate materials over time, and the real value of their property, particularly contents, can go up quite a lot. If you buy a $10,000 home entertainment system, the net value of your contents has just gone up. In your insurance, unless you change the value of your cover, will however be still set at the sam