Category Archives: Money Matters

Interest Rates for Loans

Often the interest rates for different types of loans are different but also different rates are charged by the different people you go to for the loan. Banks probably charge the lowest interest rates for most types of loan and their rates are closely followed by the rates charged by licensed money lenders but as un-licensed lenders can charge whatever rate they see fit, their rates of interest are usually far higher than the others and are often extremely high. It for the lower rates of interest that banks charge, why most people in need of a loan will first go to their bank to ask for it. Unfortunately though the banks will usually have strict criteria which must be met in order for a bank loan to be approved and not all of us meet those criteria, not for the amount we would like to borrow anyway. This means that at those times we will have to go to a licensed lender for the next best rates. Sometimes it is not always easy to tell a licensed lender from an un-licensed lender though and so we have to be careful. This is a problem which occurs in many countries but in order to try and address the problem, Singapore have set up the LoanSingapore.sg which lists all the licensed money lenders to avoid people experiencing the difficulty of differentiating between the licensed and un-licensed lenders, perhaps something more countries could do. It is not just because we cannot get a loan approved by a bank that we may opt to use a money lender as sometimes, the urgency with which we need the loan, makes a loan from a bank unacceptable. Because a bank has precise procedures which it must follow in approving and processing a loan, from requesting a loan from a bank and actually receiving the money, if the loan is approved, will usually take several days and that is what is unacceptable in some cases; cases where the money is urgently required on the same or next day. Most money lender’s procedures are much faster than a bank’s and so they can often release the funds for a loan on the same day as the loan is first requested, if of course they approve the loan which they are probably more likely to do than a bank as their rules are not as strict or rigid. The reason why a licensed lender’s interest rates are lower than an un-licensed lender’s is because in order to have a license and maintain the license, a licensed money lender must keep their business dealings within certain regulatory limits and those limits include how much interest they can charge. With no concerns about a license on the other hand, an un-licensed lender will charge whatever rate of interest they want and as the people that usually go to them are desperate for the loan, they rarely complain except for afterwards when they are struggling to maintain the repayment terms.

Penny Stock Rules the Investor Must Know

Of all, a cent supply is a stock that is priced in between 1 cent and $5 as well as is traded over the Pink Sheets or the OTC Bulletin Board. These stocks might likewise trade on foreign and various other safety and securities exchanges. Nonetheless, when trading dime supplies, there are dime stock guidelines that need to be adhered to that are different from the trading of stocks on the significant exchanges. You will read more about this as you determine how to buy penny stocks.

The Stocks and Exchange Commission (SEC) has set forth cent stock rules when trading and these rules are:

– The SEC requires the broker agent firm to obtain a written contract from the consumer regarding the purchase and the customer should be accepted to complete the purchase.

– The firm is required by the SEC to supply the consumer with a document that details the threats of penny stock investing.

– The regulations specify that the customer needs to be alerted if there is a market quotation as well as just what the market quotation is for the dime stocks the capitalist wants to get.

– The company must likewise divulge to the consumer what their payment will certainly be for the trade.

– Penny stock regulations also state that the company should supply the client with month-to-month statements that divulges the marketplace worth of each cent stock.

These cent supply guidelines are necessary to make sure proper trading of cent stocks which the investor is aware of all dangers associated with it. The SEC meticulously details the penny stock guidelines that brokers should comply with for the capitalist to have the most effective experience feasible trading cent supplies by making the financier familiar with all risks related to dime supplies regarding not create them to get in over their head.

In the cent supply rules, there is a Customer Defense Rule (Policy 15c3-3) that mentions the control every one of the cash that is paid by the capitalist is on the hands of the broker. The broker needs to periodically figure up what does it cost? money is being held that comes from the client or has been acquired from protections had by the customer. If the broker identifies that there is even more loan on hand than exactly what is owed to the customer or from the client to the broker, the money needs to be positioned within a book bank account. This loan is placed within the checking account for the single advantage of the clients. This regulation is extremely important since it stops the brokerage firm from using funds that belong to customers to money their own organization.

Penny supply policies are developed to protect the consumer, the stock exchange, and the broker. If a broker damages any of these policies set forth by the SEC, then the broker can be subject to SEC investigations that can lead to significant difficulty for the broker agent firm. That is why it is important for the capitalist to be familiar with the cent stock guidelines and see to it the broker is complying with all rules as necessary so that the financial investments of the capitalist are not compromised in any way.

Of all, a penny supply is a supply that is valued between 1 cent and $5 and is traded over the Pink Sheets or the OTC Bulletin Board. When trading dime stocks, there are dime supply policies that should be adhered to that are various from the trading of stocks on the major exchanges.

Cent supply policies are developed to secure the customer, the stock market, as well as the broker.

Getting Approved For A Bad Credit Debt Consolidation Loan

It happened, you’re not alone – most people today will have bad credit, or some strikes against their credit record. It’s important to remember though that there are still ways to control and manage your debt and do financing for bad credit – with a bad credit consolidation loan.

There are many companies that specialize in providing you with a bad credit debt consolidation loan. Recognizing that you are actively trying to tackle your debt, for many people such consolidation loans are the first step on the road to recovery from bad debt.

Be aware that having bad credit will affect the interest rate companies will offer you. The worse your credit rating, the higher the interest rate. Make sure you compare several bad credit debt consolidation loan companies, to see whether or not the interest rates they are charging are justifiable.

A bad debt consolidation loan will only help you manage and beat your debt if it can offer a competitive rate of interest, compared to your existing debts. Very often credit card companies will gradually increase their interest rates, so a consolidation loan will compare favorably, even with bad credit.

Compare this to the rates being offered for a bad credit debt consolidation loan, and then compare the interest rates and conditions from the various providers. These can be helpful when managing your debt, but not if they come at the price of a much higher interest rate for the loan.

Once you have chosen the provider for your bad credit debt consolidation loan, it’s important to recognize that this is the first stage to eliminating your debt. Make sure you pay your bad credit debt consolidation loan on time, otherwise you will be making your credit situation worse.

If you apply for any more credit cards or loans, these will show up on your credit report, which will have a negative effective on your credit rating. Given you have a bad credit rating to start with, it’s important to work on improving that? The best way is to not apply for further loans and credit cards, and make sure your bad credit debt consolidation loan is paid on time each month.

Credit reference agencies will record these regular payments in your credit file, and over time your credit score will gradually improve. Work with a financial adviser or accountant to work through your income and expenses, and produce a realistic budget. Sticking within the limits of this budget will prevent further debt.

Remember that although paying off existing high interest loans and credit cards will give short term debt relief, it’s the long term debt management you will need to focus on. A bad credit debt consolidation loan along with a manageable budget will help control your finances and reduce your debt.

It happened, you’re not alone – most people today will have bad credit, or some strikes against their credit record. If you apply for any more credit cards or loans, these will show up on your credit report, which will have a negative effective on your credit rating. The best way is to not apply for further loans and credit cards, and make sure your bad credit debt consolidation loan is paid on time each month.

Credit reference agencies will record these regular payments in your credit file, and over time your credit score will gradually improve.

Programs For Single Mothers

Raising kids is never easy but often it is even harder for single moms to raise them, especially as many of the single mothers do not know of all the assistance that is available to them. These single mothers may not know because they think they are too busy to look or because they are too embarrassed to look or even too proud but if they did, many of them would be surprized at just how much assistance is available. Sometimes that assistance can be in the form of school grants for single moms, at other times in the form of loans whilst at others it may just be in the form of assisted housing. The point is though that they will never know exactly what assistance is available to them unless they do look. Probably the best way to search for assistance is to look on the internet. First they can look for any programs or assistance that is offered by local authorities or even institutes like schools and colleges and then they can look for any national government programs. Sometimes a government program may be only for certain areas but that can easily be verified if your area is included. Apart from government programs, local or national, there are foundations and charities that also may offer assistance, not only to single mothers but anyone that is in difficulties or needs assistance. Obviously the ones that single mothers will most easily qualify for are those that have been specifically set up for single mothers but as long as a program does not exclude single mothers from applying, they may as well try.

If a school grant can obtained, it would help the mother further her education, allowing her to apply for a better paying job and although finding the extra time to study may seem hard, there are many single mothers that have found the time and are now glad that they did. Sometimes a school grant may cover all the costs but other times they may only cover some of the costs and so when applying, be sure of what exactly it is that you are applying for. Housing a family is often a big expense but there are programs that can reduce those expenses for single mothers. Those programs may include affordable housing or low income housing or is sometimes in the form of rental assistance but securing a roof over the head of the children, is always a help.

Being a single mother is not a disease and it will not prohibit people from trying to assist you but in order for a single mother to take advantage of any assistance offered, they must first look to see what is available. Sometimes assistance to single mothers is offered but as no one takes up the offers, they are passed on to someone else and that is a shame especially when there are certainly single mothers that could have benefited from the assistance if they had only known about it.