Best Finance Personal

Do you want to find a credit card? What about finding the best credit cards? Sound like a great idea? So join me, and let us discover how to find the best!

There are many different financial companies. Some specialize and only offer one type of finance. Some offer many various types of finance, and this can include mortgages, credit, as well as other financing.

The question arises, what makes the best? The answer comes down to 2 aspects. The first is that there are many different lenders, and different cards, however, in all the cases, there is a level of interest. Continue reading ‘Get the Best Credit Cards’ »

Most small businesses will encounter a need for additional capital at some point in time, but the simple truth is that many entrepreneurs have never had to seek business financing in the past. There are several different options that are often available to small businesses and the most appropriate one will certainly depend on the unique borrowing needs and financial situation of the company.

One of the most common sources of business funding available is an unsecured fixed term and fixed repayment small business loan. The loan amount can often be anywhere from a couple thousand dollars up to a hundred thousand dollars or more in certain circumstances. Due to the fact that these loans are unsecured, the interest rates may be somewhat higher than other borrowing options. Continue reading ‘Small Business Borrowing Options’ »

I have considered myself to be good at balancing my bank account for many years. For some reason, this year has deflated my ego and increased my distaste for certain banking practices, specifically overdraft fees. After never really having these, I had 5 charged to me on two different occasions during the second half of the year…at about $34-38 each. I was suddenly out a nice chunk of change that continued to bring me below the magic zero balance. The irony in both cases is that I had deposited money in the accounts on both occasions, which would keep me in the black.

On the second occasion, I even have an ATM withdrawal receipt from KEYBANK stating I have positive funds in my balance and yet, this same transaction was listed as one of the overdrafts. I was extremely disappointed with the bank at this point and would have much rather seen a note on the ATM machine stating something to the effect of “Sorry, but due to insufficient funds, your transaction has been cancelled.” Instead, the banks easily give money and then fine you for it later, which seems a little unethical to me. With the technology that exists today to instantly wire funds anywhere in the world, they should be able to figure out how much really is left in my account, so that this does not happen again. If I were to use the card at a store (as it is a debit card) I would be nothing more than happy to get DECLINED! Continue reading ‘Overdrafts Kick You When You Are Down’ »

In order to pressure businesses to pay their debts, an increasing number of companies are applying for Winding Up Petitions because of the serious consequences for a company if they are ignored. If you receive a winding up petition it is vital to act quickly or risk losing your business.

If a creditor of a limited company wants to force the closure of a business due to an outstanding debt, this process is known as winding up. The creditor must first issue a statutory demand for the payment of their debt. If the problem is not resolved within 21 days, a petition for the winding up or closure of the business can be issued.

When a winding up petition is granted by the court, the company in question will be liquidated. The directors of the company can of course challenge the petition. However, once a winding petition is issued, there will be serious consequences for the business even if the debt owed is subsequently paid or successfully challenged. Continue reading ‘Why a Winding Up Petition is Bad News For Your Company’ »

Finding auto loans after bankruptcy doesn’t have to be a very difficult process, but there are some things you’ll need to accept up front. For instance, your interest rates will be very high, most lenders will not accept your application immediately after discharging your debts, and you’ll need to do a bit more work than most applicants. On the positive side, however, you can work this entire experience in as a part of your efforts to improve your credit score to make things easier for yourself in the future.

Immediately after your debts have been discharged you will have an extremely difficult time finding much of anything so you’ll want to wait between 6 months to a year before looking for auto loans after bankruptcy.

About a month after you’ve had your debts discharged get a copy of your credit report and look it over for any mistakes, making sure that everything which should have been discharged is marked appropriately, and not open or overdue. All of those balances should be marked as zero. If you have discharges on your report and it looks like you still owe some people money on top of that lenders will not work with you, so this is very important. Continue reading ‘Finding Auto Loans After Bankruptcy’ »