Why Payday Loans Are Good for Many People!

Payday Loans have been criticized by many as a poor financial choice. These loans are also called Payday Advances, Salary Loans or Payroll Loans. Critics say that the interest is very high and that people can get into trouble once they begin to borrow money that way. Both of those statements can be true, but are not always the case. Just like anything else in life, if someone chooses to misuse assistance or abuse many other options that they have that normally are good, things can still end up to be bad!

Let’s address some of the concerns. The first concern is about the high rates of interest. It is true that the Interest Rates on these loans would seem astronomical compared to most traditional loan rates. But let’s take a closer look.

When a person gets a $100 Payday Loan and it costs them $20 to borrow it, many people would criticize that this is a rip off and that it is a form of predatory lending. They feel that it is unfair to people who may not fully understand the costs involved in this type of unsecured loan. They might say that Cash Advance Loans are too expensive when compared to other loan products or services and that Payday Loans should be avoided.

Now, when your auto mechanic is fixing your car and he orders a part for you, what happens? Let’s say that the part costs $100 wholesale to the mechanic and that the suggested retail price of the part is $150, which he charges you. Now he only had this part in his possession for minutes or possibly hours, but he still has profited by twice the amount of the Payroll Loan lender. The mechanic is taking a minimal risk that the part fails and he has to do the repair again at no charge. The Payroll Loan lender has taken a much greater risk by lending money to people whom other lenders would turn away.

Think about it for a moment. If the restaurant that you and you family had dinner at last night ordered fresh food during the day yesterday to prepare meals, and your meal cost them $100 in raw food ingredients, but then your bill came to $150 (plus tip!) then why is this practice looked down upon? The restaurant only had possession of the food for a few hours before serving, yet they could add the $50 of revenue to cover their costs and make a little profit.

Somehow, when other types of business make much greater revenue on the products or services that they deliver, it just seems to be considered by most to be free enterprise and is perfectly acceptable. In reality, it is! Our society depends on goods and services being provided to fill the needs and wants of the public and everyone knows that some money must be made at each level or no one would bother doing it! Essentially, we gladly pay because we have needs that we can’t fulfill on our own!

Using this new found perspective, why should Unsecured Loan Lenders do this for Free? They have bills to pay and need to make a little money too, which is the same as any other form of commerce. Because of the higher risk that they take, they also need to cover their losses. Do you think you pay too little for insurance? Probably not. When insurance companies sustain huge losses, they increase their rates to stay profitable. It is just part of the costs we pay, just like it is with short term Loans.

Now the other thing that Payday Loans are often criticized because of is the concern that once someone begins to borrow against their future earnings, they can get into financial trouble. If someone needs more money than they make, it is difficult to get back to good financial health. Once people start using credit to get things they need, they can get in trouble when the bills start to come due.

Hmmm. Does this sound familiar? If someone sees the latest fashionable pair of boots on their way home and it only costs $150, will they likely skip Starbucks one morning a week to save up to buy them? Will they save the $5 per week and wait 30 weeks to buy the boots with cash, after they go out of style? Or will they pull out their trusty credit card, run into the store and come out $150 plus tax, plus interest in debt!

When you don’t want to cook, you go out to eat. But what if your budget included dinner at home? You rely on your credit card to pay for dinner. When you don’t have any extra money and you accidentally drop your smart phone, and the display breaks, you use your credit card. If you develop a throat infection and need to pay the doctor’s co-pay, or your dog needs to see the vet, or your car won’t pass inspection without new tires or your children need new shoes for school, you use your credit card.

Using your credit card means you are borrowing against your future earnings. You are assuming that you will continue to make enough money to pay back the credit cards and the interest, along with your normal living expenses. This is the way most of us live. We use credit to our advantage and realize that there is a cost for doing that. We also use credit to help us achieve the quality of life that we want to live, along with paying for things that we have to pay for.

For people without credit cards, and possibly have poor credit on top of that, a Payroll Loan is likely one of their only options. Believe it or not, these folks have needs and wants too. They get hungry, they need to have safe cars, they get sick, their kids needs shoes and so on. They just can’t borrow against their future earnings the way you probably can.

Traditional lenders, especially in recent years, tend to only want the lowest risk customers and generally are not interested in doing business with the typical applicant for a Salary Loan. The loan applicant needs a steady job and a bank account to qualify for this type of loan, and those two characteristics may help to indicate that there is a good chance that the potential borrower is trying to do the right thing.

In summary, these unsecured loans are not for everyone. However, for many hardworking people who need money and cannot turn to traditional lenders, a Payday Loan may be the perfect solution!

Combining the Love of Travel With a Home Based Travel Business

Merging the love of travel with owning your own travel business is perfectly doable!

Travel is an 8 trillion dollar industry and is expected to continue to grow in the next decade. It is a product that is always in constant demand. That means the world is your market!

Owning your own home based travel business will allow you to accomplish both goals. 1) Pursue your love of travel and 2) fulfill your dream of becoming an entrepreneur.

One of the great things about being a part of the travel industry is it allows you to become a student of the world. You learn about so many different cultures and political systems; see awesome and unique majestic scenery, landscapes and animal kingdoms. Not to mention, all the many ways in which to have fun!

You’ll be surprised just how easy it is to achieve your objective. One sure way is to become a certified travel agent. Certified travel agents sell travel that’s their business. They are an independent contractor. They also get to travel themselves at a significantly lower rate than the consumer. In fact, they are encouraged to do so. The more they experience the product they are selling, the more knowledgeable they will become. Remember, travel is a product and in business you have to know your product.

One thing to keep in mind though, travel is large. It’s impossible to be completely knowledgeable about all things travel. Therefore, it would be best if you focus on just a few targeted niche areas such as: cruising, wedding destinations, family vacations, etc. You should essentially become an expert in your perspective niche field. It could make you one of the most sought after agents in the business.

No experience is needed to become a certified travel agent. However, extensive training is required. In addition, hard work and persistent effort is a must. There are numerous resources in which to obtain training. You can enroll in a online home study course or attend college. However, the quickest and most direct way is to become an intern at an already established travel agency. Travel agencies are always looking for new recruits. A host agency will help you become certified and there is no license required..

If you are a highly motivated individual and are looking for a business opportunity that will allow you to become financially independent, then the travel business is an ideal choice.

Fixing Your Credit – The Real Story

Over the years of working in the family law field, I have observed different trends with regards to debt and bankruptcy.

The bankruptcy laws have changed drastically and I tend to steer my clients away from bankruptcy because there is a much easier route to get debt relief and most people are not aware of how easy it really is.

When I use the statement “easy” I do not mean simple. There is work to be done and patience to be had. My approach to credit repair is the same regardless of the number of debts that need to be addressed.

While I will not share trade secrets, I will share some basic information that may help with the decision on what road you should take to get some financial relief.

My approach is not to use bankruptcy as an out. The reason is obvious. With my system, your credit will get better not worse. Not only will your credit rating improve, your debts will disappear at the same time, this is a win win scenario.

With bankruptcy you will go through the hassle of appearing in court, paying an attorney to prepare the bankruptcy documents, and then the 7 to 10 year mark on your credit.

No matter what, this is the ONLY thing that cannot be removed from your credit report. By law it must remain on your report for at least 7 years.

I have had many of my clients try other credit repair companies with little success. Part of the reason we are successful is we understand the laws and we do not quit until all items are removed.

I caution people to stay away from companies that charge by the month because common sense says that there is no incentive to getting the job done in a timely manner.

Keep in mind that there is no set time that this can take. I have had clients who I was able to “get clean” in four weeks and some take four months. There is no method to the madness. The process is the process and there is really no way to take short cuts as there are laws that govern the process.

The reality is sometimes it takes guts to take on some of the debtors and collectors so someone with thin skin may not be as successful. As a former Settlement Administrator for a Public Company I have no problem going up against the best of the best. I have studied the laws regarding debt collection and reporting and am confident in my ability to remove anything.

At the end of the day you have to make the best decision for you and your situation. Getting your credit report clean is a very real thing and you can have clean credit in as little as four weeks.

Why You Need Liability Coverage From Your Insurance Company

Designed to cover professional practitioners against claims of negligence made by clients or patients, professional liability insurance goes by many names. When used in the medical profession, it is commonly called medical malpractice coverage. Notaries public also require this security, but they refer to it as errors and omissions insurance. Real estate brokers, management consultants, and even website developers are all eligible for protection.

What’s It For?

Insurance is used to protect people in case something unfortunate happens. Auto policies protect them in the event of an accident; medical policies protect them from unexpected illnesses; commercial policies protect them from a number of mishaps. If there is a fire, theft, or an accident on the job, the commercial variety will cover it.

Why You Need It

Few companies are fortunate enough to survive for a protracted period of time without getting sued by a client, customer, or employee. Liability coverage from an insurance company is the only shield most businesses have against litigious attorneys. This goes double when an employer competes in a risky industry like construction. Why?

A construction site is arguably the most dangerous working environment on earth. Not because people are careless, but because making something, anything, is risky. Workers fall down stairs; they trip on cords; they cut themselves. Builders must assume this risk and purchase the right amount of coverage from their insurance company to protect them from financial ruin. But that’s not all.

These policies not only shield the employer, but they also safeguard his workers. If an electrician falls off a ladder or a carpenter cuts himself, a liability policy will pay his medical bills. Commercial coverage will also cover most attorney fees and court costs if someone files a suit against you.

How Much Do You Need?

As you might expect, the size of the policy often depends on the size of the business. Most actuaries recommend at least one million dollars of professional liability coverage for small businesses. Large businesses and corporations obviously need a lot more and often carry huge policies. Because lawsuits are quite common in the medical profession, malpractice insurance is the most common form of liability coverage.

Most doctors have several million dollars of malpractice coverage at all times. When they work in a large practice, that figure might be five or even ten times as high. Lawyers and accountants must also carry liability because of the high rate of litigation in their fields. But what about everybody else?

Numerous Benefits

Any business that can be held financially responsible for failing to complete a project on time may need to purchase a professional liability policy from their insurance company. This includes general contractors, architects, builders, and many, many more. These policies also cover personal injury, breach of warranty, intellectual property, and security. In short, any company that has more than one employee should have liability coverage.

Car Dealers Find The Parts Market

A car dealership has long been the place you go to buy a new car. Recently, car dealers have become brand outposts, offering a variety of post-sale services from manufacturer-certified mechanics and repair shops to acting as retailers of Original Equipment Manufacturer parts. Manufacturers have realized that the sale is just the beginning of a customer’s relationship with the brand and increasingly rely on car dealers to ensure a smooth ownership experience.

The Rewards of Loyalty

Manufacturers realized that buyers stay loyal to a badge as long as the brand retains its positive image. Customer loyalty is even more ingrained than it was previously, and most customers only switch brands after a negative experience. Manufacturers began to focus on ensuring that car dealers delivered a reliable, standard, uniform sales experience across product lines. Buildings, uniforms, processes, and advertising were all standardized.

Service

Ownership doesn’t end at the showroom door. A bad experience with a car, even if it is unrelated to a manufacturer’s defect, could cost a customer for life. As a result, certified services are now offered through dealerships. Technicians must pass a series of qualifying procedures to allow them to perform work on vehicles that will be backed by the company. This ensures uniform quality and control at any branded dealership. Service performed under these conditions also preserves the vehicle’s warranties and is visible throughout the company via a universal service record. This can enhance the resale value as well as maximize the utility of the car over its service life. Additionally, any maintenance performed by certified technicians is usually warranties through the company as well, adding another layer of protection for current and future owners.

Parts

An ownership experience could also be jeopardized by the use of shoddy or knock-off parts. To encourage the highest standards of performance, car dealers structured their operations to include becoming a regional distribution hub for OEM parts. As a result, many dealerships now have extensive parts inventories for their mark, sometimes to the tune of millions of dollars worth. This coordinated effort ensures that branded vehicles run at their peak engineered performance for the duration of their service lives and minimizes the risk that a customer will encounter a poor ownership experience for any reason that can be controlled by the retailer.

Many consumers are unaware of these changes and hence do not utilize them to their full advantage. Using manufacturer-certified services and parts can extend or preserve vehicle warranties. Maintenance performed by car dealers, as well as the certified technicians they employ, ensures that the vehicle continues to perform at the highest level possible. Company-issued updates, recalls, and parts all reach customers through the extensive databases maintained by service departments as well, meaning that the latest technology is available most directly to those who utilize their dealership. Taking advantage of post-sale benefits is an often-overlooked perk of brand ownership.