Best Finance Personal

Every day you go to your mailbox and find another offer for a credit card. The same thing happens when you open your email. For years, we have been so inundated by junk mail that advertises yet another credit card that we may have become immune to these methods of advertising. I don’t know about you, but I personally prefer to compare credit card deals before I commit to one, but that can’t be done with mail ads, either electronic or otherwise. However, the internet offers a great way to find and compare credit card deals in order to select the best card for you.

With so many different types of cards available, it is certainly possible to find one that caters to your particular credit situation. Whether you are financially challenged or have a perfect credit rating, you can find a card that’s right for you. Most offers come with some sort of draw that makes signing up for the card more enticing. Although the first consideration should always be interest rate and card fees, these offers can be quite exciting as well as productive form many people. You can now choose between card rewards and money back as well as several other card incentives. Continue reading ‘Finding and Comparing Credit Card Deals Online’ »

Women are a huge part of today’s small business. Universities are seeing a huge increase in enrollment by women in finance and business administration programs. So, it should be no surprise that 28 percent of all small businesses are owned by women, and fully 55 percent of all new startup businesses are owned by women.

Just like any other business, being properly capitalized is critical for women-owned businesses. Luckily, many banks specifically offer small business loans for women. Thanks to government programs, in many cases, a business that is majority-owned by a woman can qualify for a loan that a comparable business owned by a man would not have a chance to get. Continue reading ‘Resources to Find Small Business Loans For Women’ »

We are all still feeling the recession, and that will likely continue for some time. So, keep reading to find out 5 top tips to beating the recession.

Tip 1 – Keep Marketing – Your competitors will!

In any kind of recession, businesses can be lured into slashing their marketing budget, simply because it seems like an easy area to make quick savings. However, marketing is a necessity, not a luxury as some people may think. In a recession, you want your business to keep on growing, and for that you will need marketing to keep on attracting new customers. In any recession, the market becomes a lot more competitive, so if you aren’t marketing, or you have reduced your marketing, and your competitor has increased theirs, who do you think will be more successful? Smart companies do more marketing, not less.

Tip 2 – Get your marketing in order

There are two essential points that you need to look at to make sure that you are well positioned throughout a recession. The first is your branding; does it look friendly, professional and reliable? The second is your website. Nowadays, everyone will expect you to have a website, but make sure if you do have one, it is properly designed. A bad website is almost worse than no website at all. Continue reading ‘5 Tips to Beating the Recession’ »

One of the options to avoid liquidation if your company is in financial trouble is Pre Pack Administration or Phoenixing. Using this process you rescue the business by setting up a new phoenix company which trades in place of the old without the burden of debt.

Pre-pack administration (often known as Phoenixing) allows a new limited company to be set up which purchases the assets of the old business. The new company is then free to trade in place of the old without having to repay the old company’s debt.

Continue reading ‘Business Turnaround – The Right Time to Use Pre Pack Administration’ »

New median income figures take effect November 1, 2009. The change in median income levels will have a direct impact on those seeking debt relief through chapter 7 bankruptcy because of the means test. Individuals seeking to file chapter 7 bankruptcy must pass the means test in order to qualify; otherwise they will be required to file under chapter 13 and make some payments toward their debt. Not since the inception of Bankruptcy Abuse Prevention and Consumer Protection Act (“BAPCPA”) in 2005 have we seen the income figures drop. What this means is that those seeking debt relief under Chapter 7 bankruptcy, may soon be disqualified and forced to file under Chapter 13 instead.

Here in California, our current unemployment rate is 12.2%, according to the Bureau of Labor Statistics. Our real estate market still has not bottomed out as those in the industry project a Gloomy Outlook. Lenders have been stalling out or flat out refusing to modify mortgages that would otherwise qualify under the Obama Plan and more foreclosures are coming soon. Also, our state workers have taken approximately 3 furlough workdays without pay, which equals an approximate 14% pay cut. No wonder the median income figures are dropping.

It’s time to review those borderline Chapter 7 cases pending and get them filed before the client potentially becomes disqualified under the new changes taking effect November 1st. I don’t think it’s Bankruptcy Means Test Irony as the folks over at Bankruptcy Law Network do; it’s the factual truth. Continue reading ‘Median Income Changes Means Test’ »