Financial questions

Commercial collections: fixture of the new B2B culture If you're in the business-to-business field, or even if you're a consumer products business that works through third-party distribution channels, you probably know what it's like to check your mail anxiously each day, sifting through all the bills for that payment that was supposed to have been in months ago. It wasn't supposed to be like this. If you were a good, honest businessperson who dealt with other good, honest businesspeople, "commercial collections" wasn't supposed to be part of your vocabulary....

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Establishing credit and wisely managing your credit becomes easier when you know how. You'll feel empowered by taking knowledgeable steps towards good credit, and you'll be on your way to purchasing real estate and greater financial freedom. If you plan to finance real estate, either as a home buyer or an investor, avoiding these common credit mistakes will help you with your credit score and save you money in loan costs. 14 Common Credit Mistakes 1. Using expensive or undesirable types of credit costs too much and is negatively scored....

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So-called "credit repair" companies claim they can remove negative information from credit reports. Advertising as "Credit Advisors," "Credit Rating Correction Services" or "Credit Consultants," they trumpet variations on this message: "Turned down because of bad credit? We can help!" Many of these companies charge hundreds if not thousands of dollars for the promise to "clean up" bad credit reports. But the truth is, these companies can only do what you could do yourself--at no charge. Nobody can remove negative information that is accurate from your credit report....

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There is almost nothing more troublesome than having too much debt to pay each month. Consumers incur debt for many different reasons. Sometimes illness, accidents, or just bad luck can make it seem impossible to get finances under control. Other times it is simply because we spend more money than we earn. The first step toward taking control of your financial situation is to learn how to eliminate your credit card debt. Develop a budget. Start by listing all sources of income. First list fixed expenses such as mortgage payments, insurance premiums, and auto loans....

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When you're dealing with credit cards, you're playing with fire. Unfortunately, there are plenty of people out there who don't realise that, and make all sorts of dangerous mistakes with their credit cards every day. Here are what I consider to be The Top Five Credit Card Mistakes Paying Your Credit Card Late If you don't set up any kind of automatic payment, then it can be tempting to just put your credit card bill on a pile and get to it when you have time. Before you know it, a few weeks have gone by and you're late....

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There are always some companies that have past due invoices and can't seem to get them paid. They might be quietly waiting to get paid not wanting to contact the client for fear of appearing "desperate". Sometimes a big part of the problem is no response, it is bad enough when you are not getting paid, but when orders keep coming in and you are not getting any acknowledgement to your collection efforts, you just can't keep processing orders. There are steps you can take to get paid on those past due invoices and keep new invoices current....

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When you apply for a loan or a mortgage, the first thing the lender does is to check your credit score. Based on your credit score, the lender decides the amount of finance you are eligible for and the interest rate at which you will be charged. So what is this credit score and how does it influence your capacity to take fresh credit? Your credit score is a number that reflects on the likelihood at which you will pay back a loan. Credit scores generally range between 300 and 800. In general, a score of above 620 is needed to avail of a loan at lower costs....

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Ah, the "good old days". If you are a baby boomer, like me, then you probably remember how important it was to rush to the bank on payday. You had to get there before the teller lanes closed so that you could have your "cash allowance" for the week. Otherwise, if you needed cash you had to write a check, then go to the bank, and "cash" the check for real cash. Fortunately the days of the mad rush to get cash from the bank are long gone. We now enjoy the convenience of using a nearby automatic teller machine (ATM) or you can even get "...

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There are a lot of questions about using credit cards. Here's some important points for you: A quick look around on the Internet this morning shows that more than 9 million people in the UK do not pay off their credit card balances each month. (The principles of what follows are the same in the USA, or wherever you are right now.) The average balance left outstanding is over Ј1000. The interest charged on such a balance varies according to the card, but we have seen rates of up to 29%! When you bear in mind that banks are offering somewhere in the region of 3% interest on account balances, it's easy to see how such a fantastic amount of money is turned over within the banking and finance industry!...

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Here, Cratchet, what do you think you're doing? Uh, er, leaving sir. Leaving? It's 5 minutes to the hour. Shall I dock your pay accordingly. Uh, er, no sir. No sir? Well it's back to work for you then, and be quick about it. And I don't expect your mind to be off home before your body gets out the door either, what? Uh, er, no sir. Quite. Will you be doing anything for Christmas, sir? Christmas, Schmissmiss. Uh, er, what sir? Schmi, schmish. Smiss. Are you okay, sir? Schmee, smaa, ooh....

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About Search Entries: Every time a lender checks your credit history from your credit file (i. e. each time you apply for a loan), your credit-file will have a record of this. These records are known as search entries. The search entries do not generally say whether you were approved or denied credit, but they do reveal the name of the lender(s) processing previous applications. Lenders automatically impart this information back the credit bureaus and see it as an important tool. As you can imagine, with this information other lenders can see if you have been applying for many, many loans....

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With all my bills who would possibly want my credit? Let them steal my identity and pay my bills! Unfortunately, that's not the way it works. Many of us mistakenly believe that identity thieves hit only the wealthy. Nothing could be farther from the truth. The average person is often more vulnerable that those we consider wealthy? When someone steals your identity, they probably won't touch your existing accounts and they certainly aren't going to use your address. That would alert you to the problem....

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Bank robbery has grown to become a huge problem in the United States but I am not talking about people robbing banks. I am talking about banks robbing people. Here are some tips on how you can avoid being ripped off by your bank. Avoid The Plastic Banks want you to believe you need a credit card. The fact is millions of people get by very well without one. Contrary to popular opinion you can rent a car or check into a motel without one. You can use a bank debit card for the same purchases that you would make with a credit card, but there is no excessive interest charged....

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