Sam Rush

Jan192019 by Sam RushNo Comments

Sample letter to creditors for hardship

Credit

A hardship letter can be simply defined as an appeal letter to a creditor or a utility provider requesting a review of repayment terms. A hardship letter to creditors can be occasioned by various unexpected incidences in our lives such as sudden loss of jobs, a medical emergency, loss of property or any other economic hardship. The purpose of a hardship letter is to describe in the borrower’s own words why he or she is not able to make repayments as expected. It is to help you negotiate debt successfully on your own. The most important thing with a hardship letter is to include actual and factual reasons for the hardships and the plans that you’re making for the future. Types of hardship letters to creditors This is not an exhaustive list of reasons for writing a hardship letter. You coul...

Nov272018 by Sam RushNo Comments

Discounts Applied to Your Quote, what are they?

Finance

It is really important to understand the number, or quote, that you’re getting from a representative and what discounts, (reflective of underwriter’s assumptions) they offer and if those discounts are applied to your quote. You will need to ask about the base rate BEFORE discounts to determine whether, or not, a representative is trying to bait you into buying based on a low quote, only to discover after a period of time, that discounts were applied to your quote inappropriately. This is a common practice used to help a representative make their quota and many reps will apply as many discounts as they can to show you the lowest rate, not caring that, when the underwriters examine your policy, they will raise your rate substantially; or in the event of a claim, the coverage you ...

Jul222018 by Sam RushNo Comments

5 Tips for Running a Financial Loan Business

Loans

Almost every business needs to borrow capital at one point or another in order to get through a financial downturn or temporary cash flow problem. This is why commercial credit can be a very lucrative business that can help others get back on their feet at the same time. This type of business needn’t be as complicated to start as it may at first seem. With the right investors and the right technology, the set-up costs can be relatively low and the returns very rewarding. If you are thinking about setting up a financial loan business, here are 5 tips to get you started. Choose Your Clientele First of all, you will need to decide whether you will loan to businesses or individuals. The key difference between each of these are legal and licencing issues, as consumer loans are more heavily...

Mar252018 by Sam RushNo Comments

Staying Financially Fit: Personal Loan Use

Loans

Sometimes, we fall on hard times, or we might just want to consolidate other credit card or loan payments into one with a smaller interest. Other times, we might find ourselves wishing that we could fund a class, pay off our wedding, or pay for a holiday. No matter what the use, finding a loan to fund your dreams doesn’t have to be difficult. Personal Loan Terms Personal loans are a great way to get funded and make consolidated payments on something that otherwise would have taken over your finances. These loans are typically in terms of one to five years, offer interest rates far lower than most credit cards with some being as low as 9.95 percent, and are easier to pay than several separate bills. These loans also have the benefit of fast approval turnaround with most approvals being gra...

Mar172018 by Sam RushNo Comments

What Is a Caveat Loan and How It Can Help your Business

Loans

You may or may not have heard the term “caveat loan”, which is a form of security that is commonly used for short term business loans, and basically, the loan is guaranteed by the caveat, which is a document that is lodged with the land office that states the property is being used as security for a loan. There are many benefits for those who wish to have a short term business loan by taking out a caveat loan, which could run from a few days to 3 years, depending on the borrower’s needs, and with online loan providers, applying for such a loan has never been easier. Low Interest Rates As a caveat loan is secured, interest rates are as low as 1.80% per month, and we should look to save money wherever possible, and with loan terms up to 36 months, a flexible repayment plan can be agreed. Wit...

Nov42017 by Sam RushNo Comments

Freedom Debt Relief Reviews Investing Tips For 30 Somethings

Debt

Investing for retirement in your 30s doesn’t mean you’re too late. There’s still plenty of time to build a cushy retirement. In this article, Freedom Debt Relief reviews several tips to ensure you hit the mark with your retirement. Fill Up Your 401(k) You might be one of many in their 30s who have a debt hangover from their 20s. This can be a drag on your ability to fund your 401(k). Paying down debt will free up money to contribution even more to your 401(k). Freedom Debt Relief reviews says to try contributing the maximum to your 401(k). This means $18,000 per year. While more would be better, this is all the government allows. At the least, you’ll be doing the best possible and far better than most of your coworkers. Your contributions will be on auto pilot, coming out with each paychec...

Nov32017 by Sam RushNo Comments

Why a Business Plan is Vital When Applying for a Loan

Loans

Everyone who is aware of what a “business plan” is knows that it is basically a document which is used to explain designs and plans for any new start-up or to further expand a present business. This type of document has in its details all a business’s targets and strategies, and shows a blueprint of plans for all financing and marketing. Normally, it provides data about where a business wants to go and how to get there. A business plan is what is necessary when looking at an application for a business loan or investment capital. Investors and loan authorities will need to acknowledge precisely what any business owner is looking to accomplish and what the steps will be to meet their objectives. Guaranteed bad credit business loans for smaller businesses are also available fo...

Oct42017 by Sam RushNo Comments

Guide to buying gold in Brisbane, Australia

Bankruptcy

According to the gold market analysts, as U.S. stock indexes reach record highs, gold ends at three week low. On Monday, gold prices fell again, settling at the lowest level in three weeks and registering their fifth loss in six sessions. One of the reasons of gold drop in price is global market’s robust risk appetite that is favoring stocks for now. Investors are moving out the U.S. Treasuries, yen and gold, in search of a more risky and higher yielding assets. This move brings the technical positions on gold on the brink of a significant outlook change. Since at the start of the week the major stock averages traded at record highs, investors have been pushed away from gold. As consequence, the precious metal moved sharply lower. This means that lower gold price facilitate buying gold be...

Oct42017 by Sam RushNo Comments

Fair Debt Collection Practices And Technology Debt Revisited

Debt

It’s been over thirty years since the Fair Debt Collection Practices Act was enacted, but in technical terms it’s been light years since the FDCPA’s passage. Back in 1970s, there wasn’t email, voicemail, cell phones weren’t present, and social networking was something that you did at social parties. Back then, debt collectors had three means of contacting a consumer: via landline phone, snail mail and perhaps through telegram. Restrictions In Debt Collection The FDCPA has strict rules against certain types of debt collector communication. For example, a debt collection agency can’t send you a letter in the mail and indicate that it’s from a debt collecting agency on the outer envelope. A collector can’t call you at all hours of the day and night, or contact you at work if he knows that...

Aug72017 by Sam RushNo Comments

Comprehensive Bank Services and Great Promotions

Bankruptcy

You can enjoy the benefits of modern banking with the convenience of handling most transactions online. For most people, the days of making a trip to the local branch to make a deposit, withdrawal, or change in the account are long past. Thanks to computer and mobile technology, it’s now possible to take care of your finances from the comfort of your home, your office, even from an outside location. You might think this is more than enough benefits and you couldn’t possibly ask for more. But, if you don’t take the opportunity to save with some of the special offers from your bank, you could be actually giving away more than you should. With some of these offers and promotions, you get a better interest rate on deposits, which is a simple way to improve your finances. Attractive Promotions...