When discussing the topic of credit repair, most people have a hard time really deciding where to stand about it’s worth to the individual or business. Well, what we’re going to talk about is why it is important to anybody who doesn’t have perfect credit and why it’s vital to the financial future of those who have “bad” credit.
First and foremost, let’s discuss the truth of the value of good credit. In our economy and in today’s times, good credit is extremely important, and vital, to those who want to make the most of their finances. This isn’t a secret, but there’s more to it than just having a good “score”. Credit reports are used for more than getting a car or a credit card. Let’s look at a few of these other situations.
In order to have “finances”, one must have a “job”. More and more potential employers are pulling credit reports nowadays as part of the screening process for potential employment. The major reason in most industries for this practice isn’t because they’re checking the financial well-being of potential clients. Sure, there are industries, such as banking or other cash-intensive businesses, that do care about that because of the risk involved. However, in most industries, they’re checking the “character” of the applicant. Surprised? What references do most people give? People they know and are expecting them to give a potential employer their name. Resumes don’t reveal a ton about the “person” but only the achievements. So, employers look at your credit to see if you pay your bills on time, have unpaid child support, have a judgment against you, etc. to try to form a picture of your character. So, fast credit repair services in this instance can help to clean up that picture and make it more accurate. Credit repair can help individuals ensure that they can get the job they want and that nothing will stop them from getting that position with great benefits, like insurance…
Now, the insurance that we’re going to talk about would be stuff like car insurance, life insurance, renter’s insurance, etc. These insurance companies don’t want you to not pay premiums and get dropped and they believe it or not, are known to use credit sort of as an indicator too. So, as far as finances are concerned, sure you have a job, place to live, maybe even a car, but 2 out of the 3 need insurance and you can pay through the nose with bad credit. A credit repair specialist can look at your credit and advise you as to the ways to get that credit rating cleaned up and can save you thousands over the course of your life.
Obviously, people need a roof over their heads and transportation and most people already understand how credit impacts these situations. Bad credit can obviously keep you from getting the house you want or can make you pay entirely too much for it due to the interest rate you’ll get. If you can’t get it, you’ll have to look to rent and most of the nice, friendly, safe places to live run credit checks. Therefore, if you can’t get into a house or a reputable apartment in a good part of town, your bad credit could put you and your family at risk in a less desirable place to live.
Credit affecting your transportation is easy. Good credit can get you 0% APR at a lot of dealerships. Bad credit can have you end up paying 19% interest on car and paying nearly twice what the car’s worth by the time you get it paid off after the 72 months it’ll take you due to the high payments. Sure, you’ll see the “Bad Credit, No Credit, No Problem” signs all over town but that’s because they’re about to sell you a $15,000 car that you’ll pay $30,000 by the time it’s done.
A good credit repair specialist isn’t someone that only people who are struggling can use. Even people in average situations can see great improvements in their situation by working with a credit repair specialist. A good credit repair specialist can be just as important as a Financial Planner or Personal Banker for consulting, advice, and help when you have decisions to make about your credit.
Legalization of the use of marijuana has lead different states in America to allow the establishment of marijuana dispensaries. Many cities like Los Angeles and Detroit have some of the most popular marijuana dispensaries in the country and they are serving the medical needs of the people in the best possible manner. However, there is a big time difference between cannabis stores and marijuana dispensaries. In this blog we will discuss a very important benefit of such a West Des Moines store and dispensary.
Marijuana Dispensary Vs. Cannabis Store
A marijuana dispensary is the place you would want to visit when you need different minds of medical marijuana products. However, cannabis store is directed mostly for recreational facilities.
Due to the different uses of both the places, the experience of the customers differ a lot. When you visit a dispensary, the patients are required to wait in the waiting room and only when their turn comes, they are taken to the sales room. Here the customers are asked about the products which they have been recommended with. They might also be suggested and guided through it by a professional and knowledgeable budtender. During the entry into a marijuana dispensary, the individual will need to provide their prescription and any other documentation they deem fit.
On the other hand, a cannabis store is where you will find a much wider range of products of diverse kind available for the customers. Since most of these are meant to be used for recreational purposes and not medical, you can get your hands on the products without a proper prescription as well. Even if you need to, it won’t be nothing more than an age and address proof.
So, this is the major difference between a cannabis store and a marijuana dispensary.
Last Monday, Representative Steve Israel (D-Huntington, NY) announced that he will be co-sponsoring a new bill with Congresswoman Louise Slaughter (D- 28th District, NY) to bring to a halt the latest in unscrupulous practices being heaped upon the public by credit card companies. In May, President Barak Obama signed the new “Credit Cardholders Bill of Rights” law which will take effect in February. Though the law was the first in a long time to take steps to protect consumers from predatory lending practices, it also gave greedy banks a head start to gouge consumers before its enactment.
In the past several months, banks have been busy raising interest rates and assessing penalties on consumers with abandon, and this new bill is aimed at stopping these ruthless practices between now and February. The proposed new law would cap credit card interest rates at 16%, limit punitive fees, such as late fees and the like to $15, as well as limit membership fee hikes. In fairness to banks, it would also allow for temporary increases in the interest rate cap under extraordinary circumstances.
I’ve been personally affected by these practices in the past several months. Having been a satisfied card-member of American Express for eighteen years, my attitude towards the credit card company has been greatly diminished. One day earlier in the year I received a letter from the bank announcing a very large decrease in my credit limit. I was surprised by the move, as I had never come close to my large credit limit in the past. It had gotten so large in the first place not by my own doing, but by periodic limit increases added to my account by the bank in the hopes of driving my balance upwards.
The decrease in my credit line wasn’t that big of a deal. I did have a high limit and I hadn’t planned on getting anywhere close to it anyway, but it was unsettling. After all, my credit is impeccable, and I’d never missed a payment, and in the past they freely offered more credit to me on regular occasions.
A few months later, in August, I received another letter from the credit card giant. This was the one that made me angry. For the first time in eighteen years, American Express was raising my interest rate from 9.9% to 13.99%. Suddenly, through no action of my own, I’m paying more money each month for the privilege of owing it in the first place. There is some good licensed moneylender who collect the fewer amount of interest over the allotted money. These things will help the borrower to clear the whole amount of received capital.
The lender gave no reason for the increase, only that it was being “responsive to the business and economic environment.” Not only did the APR on my existing balance rise, so too did the cash advance rate, the over limit rate, the rate for paying late, as well as the late fee. This personal experience is one of many out there, I’m sure. My problem is minimal compared to the burden these actions by American Express and others have heaped onto the American consumer.
There are so many people out there who struggle individually, with little or no hope for a carefree financial life. The price for owing money has become insurmountable for millions. After all of the money that was paid to these financial institutions in the Great Charity Giveaway of 2008, I think it’s pretty disgusting the way they’ve been paying us back. It was our money in the first place that helped them crawl out from near ruin, and they continue to take us for everything we’ve got.
I’m both pleased and hopeful that this bill will be the beginning of the end to the unfair business practices that have been going on for years on the part of financial institutions. I should know because I worked for a major bank for thirteen years. I’ve seen from an insider’s point of view how the bottom line trumps everything else, and how the size and scope of these corporate giants give them an unfair advantage when it comes to making profits out of gouging consumers. Stay tuned as I delve back into my years as a bank employee and share a point of view from an insider’s perspective…
In today’s age,bitcoins are mere investments. It is predicted that someday it will replace the local currency and we will be able to use it daily for menial things similar to how we use money today. This blog is to inform you how does the conversion take place, at bitcoin era ikke.
The purpose of converting money via bitcoin:
Bitcoins are accepted in very few businesses and markets. They haven’t replaced the local currency yet. This puts the consumer in a difficult position wherein he has the cash, but he can’t use it. To get better use out of your money and to gain profits people invest in bitcoins and when there is a rise in the market, they sell it for their desired profits and then convert it to cash to buy whatever they wish to.
Steps for transferring BTC to cash:
- Sell bitcoins on the platforms available for such transactions like Kraken.
- There are 2,200 bitcoin ATMs in the world. If you have an ATM nearby, you can use it to get cash against your bitcoin.
- Many websites are available for you to get a prepaid debit card in exchange for your bitcoin debit card.
- You can send them to your peers or investors wanting to bitcoin and get cash in exchange.
Precautions and things to remember while converting bitcoin to cash:
there are no concrete rules yet that define the regulations for taxes in regards to bitcoin. The authorities though believe that if you make profits via buying or selling bitcoins, then you ought to pay taxes. The amount for taxes is hefty!
every transaction via bitcoin charges you. The sum of charges to get it exchanged will be a huge amount. The loophole is to sell to your friends if they don’t charge you transaction money.
My company owns and maintains a local online business directory, so we keep a pulse on the business startups in the area. The small city where we are headquartered is located on a main interstate between a major city in Nevada and two others in Arizona. It is also a stop for tourists traveling the infamous Route 66. Despite a lot of talk about there being a “gloomy” economy, some entrepreneurial individuals are “making it”. Not every startup has been successful, but there is a lot to learn from the ones that are doing more than breaking even. Each one of them has found a niche that works because they found a way to provide for a consumer need.
The young woman that started this business has a knack for taking portraits with her camera. There is only one other photographer in town with a storefront, but he specializes in artistic photographs of Southwest scenes. What the community needed was a photographer that could do family portraits, baby pictures and graduation photos in a studio setting. She works through appointment only and is so busy she is expanding to a second location. While clicking the photographs, other members of the family hop over to these guys for portrait. The portraits of all the members will be hanged at the office of the business.
My city was starving for a retail store that catered to customers seeking “bling” and things. A retired husband and wife team were looking for a business to start. Their research told them one of the hottest businesses to get into is women’s accessories. They found some suppliers overseas that sell lot sizes of glittery, studded handbags, hats, scarves, hair decorations, jewelry and shoes. Buying in bulk allows them to keep prices low for their clientele. It saves residents a 45-minute drive to the nearest bling store in a neighboring city. Business has been brisk enough to warrant keeping the store open longer hours just to handle the number of people walking through the door.
There are 2 taxicab services in the city. One of them offers a limo service to and from a major Nevada airport, but the owner was looking for a way to expand the use for his fleet of limousines. He made the decision to capitalize on the Route 66 tourism industry and offer private tours. All the other tours in the area involve getting on a bus with a group of people. His clients love the fact they can custom-design their tour and stop at any landmark or restaurant they choose along the way. The owner recently added another limo to his fleet and converted all his vehicles to propane in an effort to be “greener” and more cost effective.