Common Vendor Finance Questions

How does it work? Vendor finance is when the person selling something is allowing the person who is buying the asset or object to pay for it over time. This can be More »

Get Easy Approval With This Highly Useful

What’s that one thing which drives every American crazy? Cars – the most breath-taking invention of the century! Everyone will agree that cars are the center of fascination. If want of cars More »

A Guide For First Time Business

Owning your own business can be very rewarding both financially and emotionally. Business ownership provides innumerable opportunities to put ideas into action and reap the rewards (and sometimes the pain). Buying a More »

How to Get Finance With Unusual Employment

An increasing number of people are choosing flexible working opportunities with their employers, as it enables them to successfully combine both their lifestyle arrangements and their family commitments. However, many have found More »

Choosing the Right Home Finance

If you are ready to buy a home you are probably considering home finance. There are so many options it’s often hard to work out which type of finance is best for More »

Choosing the Right Home Finance

If you are ready to buy a home you are probably considering home finance. There are so many options it’s often hard to work out which type of finance is best for you. It’s a good idea to understand what’s available:

Type – Fixed rate, standard variable/ARM, basic variable, honeymoon, interest only, redraw/line of credit loans; each have advantages and disadvantages so you need to understand the differences.

Fees – Set-up, closing, account keeping, late payment and early pay-out penalties; these fees are payable in addition to the regular loan repayments.

Loan Amount – 70%, 100%, 110% of property value; loan amounts may be tied to loan type and the location where you want to purchase as well as the amount of your deposit and your ability to make the repayments.

Repayment period – 25, 30, 40, 45 years; time may depend on a number of factors including loan type. A shorter loan reduces interest paid over the life of the loan but the repayments will be higher.

If low interest rates are a high priority for you, then consider a Honeymoon rates loan, a discount mortgage, a basic

Personal Finances to Improve

At the turn of each year, we all have our dreams and we possess new energy levels to achieve them. This individual expectation is like a cycle. Everybody wants to succeed, at least in their minds but not everybody will. Below is a list of 25 actions you should take if you want to improve your personal finance this year.

1. REVIEW THE PAST YEAR: The first thing you should do is to analyze the past year. Research has shown that of the lots that make ‘new financial resolutions’ every year, less than 10% actually get to follow those resolutions through the year. Does it not bother you that at the beginning of last year, you also made resolutions that you failed at? Why turn around in cycles every year? Take a pen and paper, sit down and review your financial activities for the past year; from your income earnings to spending. Break everything down into tiny bits and you will have a clearer picture of why some of your financial desires didn’t come to pass. It could be that your

Financing College

Financing college seems like hard work. But if you like what you do, you can have fun, too. Take a look at 4 of the weirdest ways to make a buck and earn a credit.

First of all, I want to keep this clean. You won’t find anything illegal. No crazy publicity stunts like that magician that freezes himself – David Blaine. And no wacky ideas that don’t really work for anybody, like betting on the Iditarod or doubling down on your favorite NBA team because their luck has to change…

Let’s get on to some solid ideas that might be a little kooky, but have worked for others. I’ll mention at least 4, but you should get several other ideas as you read. Financing a college degree should help you get through, not be all drudgery. With that in mind, here’s the first.

1. Wilderness Guide, also known as a fishing guide, hunting guide, trail guide, river guide, climbing guide, and so on. Believe it or not, this one happens all the time. I have family members and friends who have worked this one, and you can,

Common Vendor Finance Questions

How does it work?

Vendor finance is when the person selling something is allowing the person who is buying the asset or object to pay for it over time. This can be for anything, a house, a car, a bike or even something as small as an iPod! For example, If I was selling you a bike for $500 then you can either pay me $500 now, and take the bike away. Or you could pay me $100 now and then $100 over the next 4 weeks.

Either way you are still buying the bike for $500 dollars and I am still getting $500 for my bike. The only difference for me is that instead of getting $500 up front I am getting $100 up front and the rest at $100 over the next 4 weeks. If you buy the bike the second way then I have vendor financed that bike to you.

It is the same concept with a house. The only difference is that with a house there are a few extra bits of paper work that you need to use to make sure that the process goes smoothly. Most people who are

Get Easy Approval With This Highly Useful

What’s that one thing which drives every American crazy? Cars – the most breath-taking invention of the century! Everyone will agree that cars are the center of fascination. If want of cars is driving you crazy, this article can be the right medicine for you. It is the perfect car loans guide for getting stress-free and easy approval.

We all know that rising car prices and unavailability of ready cash has made auto loans compulsory. This article will be your guiding light in getting easy approval on auto financing programs.

How to get Easy Approval on Auto Loans?

Many Lenders – More Options

Keep reminding yourself that there are many options with you. There are several lenders and online car financing companies who offer instant approval and low rates on auto loans. Don’t worry if a lender has rejected you in past. You can still get approved because there are many more who will fit your requirements.

Know your Money

Knowing your money is important to get more money from an auto lender. Before applying for an auto loan, you must be familiar with your finances. Know if you are financially capable

A Guide For First Time Business

Owning your own business can be very rewarding both financially and emotionally. Business ownership provides innumerable opportunities to put ideas into action and reap the rewards (and sometimes the pain).

Buying a business, rather than starting a business from scratch, has many advantages:

The business should have established customers who will provide revenues for the business almost immediately. Unlike a start-up business that needs to find customers and take them away from another business, the business buyer must retain it’s existing customers. It’s always easier and less expensive to retain customers than to try to find new customers.

The business you buy will have systems in place that you do not need to invent. Although it’s rare for any business to have perfect systems, the business you buy will certainly have a certain way of doing things. Business buyers should always make certain they understand why the former business owner did things BEFORE changing it. The laws of unintended consequences are inescapable. Make sure you know exactly what effect changes will have before you make changes.

Financing the Purchase of the Business

Financing a business purchase is important and should be considered carefully.

How to Get Finance With Unusual Employment

An increasing number of people are choosing flexible working opportunities with their employers, as it enables them to successfully combine both their lifestyle arrangements and their family commitments.

However, many have found that when it comes to visiting their local bank branches while looking for a home loan, car and truck loan or even equipment finance, their local bank is still apprehensive towards them. And, it is because of their irregular working hours:

1. They don’t seem to fit into the strict lending guidelines set out by banks; and

2. They are not seen by banks as holding down a stable job with a regular income.

What the Common Unusual Employment Types?

Here are some of the common unusual employment types:

1. PAYG (pay-as- you- go) contractors

2. Casual workers

3. Part-time workers

4. Self-employed individuals

5. Sub-contractors

6. People with other forms of income

Type 1 – PAYG Contractors

PAYG contractors are normally employed via an agency or directly via their employer. This form of employment is now common in a variety of fields such as:

>> Medical;

>> Engineering;


Where in the World Is Your Finance

Way back in 1971, C.P. Snow wrote about technology in the New York Times. He said, “Technology… is a queer thing. It brings you great gifts with one hand, and it stabs you in the back with the other.”

Many dealers are voicing that sentiment these days. Far too few have done anything about it. Some have learned to use computer software with skill. They use the apps on iPhones, iPads, and Blackberries. They have created an effective Web site. They use Facebook and Twitter and LinkedIn for social networking. For others, these are merely words and technologies that test their ability to conduct both business and their private lives. Dealers, already feeling the brunt of the two-plus year recession and massive changes in the car industry, are becoming increasingly concerned about their ability to not only keep up, but to even remain in the playing field.

Why should dealers bother with such things? Isn’t the old way good enough? Nope!

Customers who always shopped on the lot are now shopping on the Internet before they take a step toward a dealership. They’ve researched every model in their price range and with the features they

Florida Department Of Banking

The Florida Department of Banking and Finance provides Florida consumers with information and education they need to make informed financial decisions. For example, some of its important services can be listed as follows.

  • Consumer assistance and answers to general insurance and financial questions are available through our toll-free help line. These help lines are available through regional service offices or website. The Florida Department of Banking and Finance claims that each year, our specialists handle more than 450,000 consumer calls.
  • The regional services offices are located strategically throughout the state and provide consumers with access to one-on-one guidance regarding insurance and financial issues.
  • The Florida Department of Banking and Finance offers free community outreach programs that reach thousands of Floridians each year.
  • The department has also partnered with the Department of Elder Affairs to conduct a special outreach program helping seniors with their insurance concerns. This is known as SHINE, in short. The abbreviation is Serving Health Insurance Needs of Elders.
  • The Florida Department of Banking and Finance also offers free consumer guides. They do not take a single penny from the consumer for making the guide available to them. The consumer guide has been made available by the Department on

Applying BSC For Finance

Financial management is a tedious process that requires a highly technical knowledge of effective balancing and application of principles for ensuring that there is efficient distribution and handling of financial resources. Those who are in charge of such management are often required to render hours of analysis and computations in order to make sure the job is well done and that there is little or no risk of financial downfall. For this reason, extensive diligence is often required. Also, there is a constant need to monitor the performance of those having the duty of managing a company’s finances. Thus, the Balanced Scorecard (BSC) instrument finds application. Using BSC for finance management admits of several advantages that are sure to make the entire management process secure and efficient.

What are the advantages of applying the Balanced Scorecard for effective financial management? The main advantage lies in the nature of the instrument, which utilizes a balancing method of all the aspects of a company to ensure that everything is in good working order and that all aspects conveniently and efficiently cooperate with each other, ensuring that there is a maximum output with minimum input. The Balanced Scorecard instrument makes

Are You Choosing the Right Motorcycle Finance

If you are in the market to buy a new motorcycle you may be in need of some motorcycle finance. Your previous credit history and your ability to make repayments will to some extent dictate what type of finance you qualify for, but the number of options to consider can be overwhelming.

When trying to get the best finance to suit your individual situation it can be helpful to do some preliminary research into your requirements, before you being looking into what’s available. You can do this by asking yourself questions designed to identify your actual needs.

Question: Do I want to get a loan?
Answer: Loans are the most popular way to buy a bike that you can’t otherwise afford, although your monthly payments might be higher than with other options. A lot of this is dependent on your credit rating – often banks can actually be less expensive if you have a poor credit rating, since bad debt loan companies will charge far higher interest rates to give you your loan.
Question: Do I want to get a lease?
Answer: Leases are a lot more popular now than they were 10 years ago – and it

How to Manage Your Finances

How to manage your finances is one of the important components of having a good life. Whether you have a smaller income or a better one, you will truly save yourself from a lot of worries and trouble if you know how to manage your finances well.

(1) Set priorities carefully plan your finances. Know your wants and your needs. Do not be confused with what you need and what you want. If you want to make big purchases like getting a home or a car, careful planning will be your key to make it a little easier.

(2) Make a budget. It is always helpful to make a guide on your spending for the next few months. Having a plan on spending is very much helpful for you to see how much you can afford to spend in a month. Make a list when you go to the grocery or when you go shopping and keep reminding yourself to stick to the list. Sticking to your budget today is definitely one good way of being free from financial worries later.

(3) Do not spend more than what you earn. Do not splurge on spending

Should I Use Cash Or Take Out Financing

In the past, owning an in ground pool was thought of as a luxury for the rich. If you didn’t have the money available, you simply weren’t able to get a swimming pool. Luckily, there are numerous lending companies available that will provide swimming pool financing for you. But the real question is. “Should I take advantage of pool financing or should I simply use my available cash to pay for a pool to be built?” This article is designed to help guide you to the right answer.

Let’s assume for a moment that you are able to pay cash upfront for the pool. If you think this isn’t realistic, you may be surprised to learn that over half of new swimming pool owners do not finance their swimming pool.

Assuming you have the cash available, would it be wiser to pay for the pool upfront versus using financing? To determine the answer, you have to think about whether or not you could use the money in a better way.

As an example, if you can put the money into the stock market and achieve returns of 10% and a pool loan is costing you

Alternative Sources of Business Growth Finance

Talk to any business owner or read the business section of any newspaper and you’re likely to come across stories of struggles to access sufficient finance to grow or maintain their business. But we are beginning to witness a change in how business owners access finance with many now actively seeking out alternative sources.

A survey carried out by the UK’s Forum of Private Business found that 26% of businesses were hunting out alternative financial products, with 21% seeking them outside of the traditional main High Street lenders. In fact, in another survey undertaken by the Federation of Small Businesses, it was discovered that only 35% of respondents used a traditional overdraft facility in 2011.

So, if banks are continually reluctant to lend to all but the lowest risk businesses, how can the remainder of the UK’s business population finance growth? Here are some of the increasingly popular alternative sources of finance to investigate.

Better Management of Working Capital

This may appear to be an odd source of finance but very often businesses are sitting on undiscovered cash reserves which can be used to finance growth. A report issued by Deloitte in 2011 revealed

Financial Management Guides

Having a good book keeping system is a great thing for your business, but it is what you do with the information in the books that matters the most.

You need to establish effective methods for financial management and control to accomplish important daily financial objectives and overall financial goals.

Having a good financial management system would help you become a better macro-manager as it would: help you manage proactively rather than reactively; help you plan ahead for financing needs, and make your loan approval process easier whenever you need credit. It would also help you provide more useful financial planning information for investors and have access to a great decision-making tool to make your operation more profitable and efficient.

It is not enough to have great products, services or marketing strategies, if you don’t manage your money well and you run out of cash all your effort will be in vain.

You must understand that entrepreneurs generally fail for one reason; they run out of money. To avoid failure therefore, you must understand the fundamentals of financial management. Once you understand the basic principles and concepts, you would be able to understand the

Is It Ever A Mistake To Re-Finance

Home re-financing always seems like a great idea as often it looks like you will have lower payments, better terms on the loan and even cash out some of the equity in your home na have some cash in your pocket. There are not many people out there that would turn that down. However when considering a home loan re-finance it is important to take the timing and the costs of the new loan into consideration. All loans charge fees and if the trimming is not right you can lose large amounts of money to fees. Also if your credit score has lowered or the interest rates have not dropped enough it can be a costly mistake. This article lists some of the worst times to consider a new loan.

Recouping the Closing Costs

In determining whether or not it is a good time the homeowner should determine how long they would have to retain the property to recoup the closing costs. This is significant especially in the case where the homeowner intends to sell the property in the near future. There are loan calculators readily available which will provide homeowners with the amount of time

Complete Personal Finance Guidebook

For years, personal finance has been like the murky waters a person could fear to dive in, let alone understand anything about, since even the simplest definitions sound complicated. Yet, the subject of personal finance is important, because money is important.

Even when a professional financial advisor is hired to manage one’s assets, it is imperative that the person is able to follow the control and management of his finances and that he recognizes the options available to him. Among people in the most successful professions, a few have sunk into complete ruin, because they trusted someone else with their earnings since the matter of money felt inaccessible to them.

For me also–after reading several books on money management and general finance, attending a few courses, and subscribing to a few e-mailings–the subject still remained somewhat of a mystery, until I came across Jeff D. Opdyke’s “The Wall Street Journal,” an excellent reference book with the added title of “Complete Personal Finance guidebook.”

The book lives up to its title by condensing and refining the knowledge in the immense quagmire o finance and offering practical clarifications to the reader like a pill easy to swallow.

Tips to Plotting Out Your Finance

Managing finances is not all that it is cracked up to be. The typical breadwinner or the person who handles the allocation of money in the family would certainly attest to that. Translate this to the corporate setting and you would certainly say that this is about a hundred times more difficult than it was in the simple home setting. Managing finances is never as easy as it may seem, not by a long shot at all. This is precisely why you need to implement an efficient finance scorecard to foster better financial management. Despite how tedious the whole process might be, you would still need to look into it because the effectiveness of the distribution of funds and resources would depend on this.

Financial management would actually demand a lot of techie knowledge because you would be handling the balancing of funds and the application of finance principles to ensure fair and productive allocation of resources. If you have a finance management team in your company, then you surely must see its members rendering several hours of overtime, especially when it is just about that time of the month when the team has to show the

Financing Options For Your Next

Once you have negotiated the price for your vehicle, it is time to think about how you are going to pay for it. If the price is low enough that you can pay cash, it is the best way to go. Cash is always the cheapest way and usually dealers will give you a good deal on cash payment. But if you need to finance a car, there are several options. You can use a dealerships finance office to find you a bank, you can use dealerships (in house) financing or you can find your own bank.

Lets discuss them separately so you know what you are going to be dealing with. Car financing is a big business for the banks and the dealers. Usually a bank makes money on the interest and the dealer on every deal they make. We have seen the paychecks of the finance department managers and we know firsthand how they work.

Generally speaking, it is going to be more expensive to go through the dealers bank, since the dealer has to make money and the bank makes a profit; and you are the one that pays for it.


A Guide to Auto Financing

Nobody wants to be the dumb buyer in a car buying deal. You have to be smart or you end up losing more money than you ought to. It is a very common scheme among car buyers to first get money in order to buy a new car with good Car Parts.

The term is called “auto financing” and it simply means how you pay for a vehicle. You can finance a car by taking out an auto loan to own a car, in which case, you have two options: You either use the money from the loan to buy the car or use it for lease.

Auto financing

If this isn’t your first time buying a car, you might already know that the salesman or your car dealer will be checking your credit report before starting with the negotiations. But this is not the only way you can go to get that new car of yours. The seller will try to sweeten the deal and offer you special car finance situations in exchange for throwing yourself totally at his mercy. That is not a path you