When you’ve decided to use debt consolidation as the solution to your debt management needs, you’ve taken a big step towards aiding your debt problem. Debt consolidation allows you to group your current debts into one convenient loan, allowing you to pay a lower monthly payment than you are now at a lower interest rate. While this can be a great way to get debt under control, did you know that there are traps associated with debt consolidation loans? Many people don’t realize that the loan itself is only helping a symptom of a greater issue. Going to the source of the problem is the only way to truly get out of debt. While debt consolidation reviews is a great remedy, here are the traps to beware of that you may fall into if you take out a debt consolidation loan.
The Truth about Debt Consolidation
While debt consolidation feels like the sigh of relief you’ve been looking for, did you know that the lower monthly payments will mean your debt takes longer to pay off? Many don’t realize that these debt consolidation loans typically come with high fees as well.
While they promise to offer a lower interest rate than your current debts charge you, the debt takes longer to pay which means you’ll be paying more interest payments than you would have without the consolidation loan. It would be like having a 10-year car loan instead of a 5-year car loan. While you will pay less each month, which is beneficial to some, you’ve now added five extra years of payments and interest.
The Mistake of Repeating the Pattern
Debt consolidation can be the cure to your debt woes that you were looking for. Unfortunately, when you simply transfer your many small debts into one large debt, you may believe that the freed up credit is now your opportunity to use it again. You may be tempted to start charging those credit cards again now that the card shows a $0 balance. 70% of people who have used debt consolidation loans have ended up with as much, if not more, debt just a few years later. While these loans are supposed to help you get out of debt, many use them as a cure-all and neglect to change their own spending behaviors.
Using Debt Consolidation as a “Band-Aid”
One way to understand this concept would be to compare your debt consolidation to weight loss. The example would be if you bought a diet pill to lose unwanted weight. If you lose the weight and never change your unhealthy eating habits, you will put the weight right back on. One must adjust their mindset and behaviors while simultaneously working on repairing the current damage. If you become debt free but don’t live within your means or have a shopping addiction, you will most likely end up right back where you started once you’ve paid off your debt consolidation loan.
Since your mindset can highly affect your ability to correct your financial situation, it’s important to also note a difference in drive and motivation when you use these types of loans.
If you decided to get a consolidation loan or balance transfer for your credit card debt, then you’ll have all the debt under one loan and you’ll pay the minimum each month. If you hadn’t consolidated the credit card debt and just started paying off the cards on your own from the smallest balance to the largest balance, you might find that the motivation is higher for paying off the cards as quickly as possible when you are almost at that $0 balance on each card. Each time a card is paid in full, you would feel like you can actually see the light at the end of the debt-free tunnel and your motivation would get stronger as time goes on. Paying your monthly consolidation loan for the total of all credit card debts will not likely energize your sense of determination to pay it off as soon as possible.
Many consolidation loans require collateral. When you put your house or car on the line, not keeping up your end of the bargain can leave you with a repossessed car or foreclosed home. It may seem like a good idea to take the loan by putting your home or car on the line, but you are risking your most important assets if you can’t make your payments.
Expensive Consolidation Services
People that decide debt consolidation is the route for them usually feel best speaking to a professional. Since debt relief has become such a profitable business, many debt consolidation services are going to be designed to charge you high fees in order to help you. What many people don’t realize is that the services they are providing are typically things you can do on your own. The fees they may charge you include monthly fees, up-front fees, and/or interest. You’ll need to determine if these additional costs are going to be worth it in the long run.
While debt consolidation has its pros and cons, be sure to avoid the traps associated with these types of loans and you can successfully pay off your debts with the right approach.
I’ve had loans with mobile money & auto money. I’m not sure if its just my experience but I found automoney better to deal with than mobile money!
They are proud members of The Consumer Credit Trade Association. I think it’s fair to say that a lot of people have a positive image of this company. And other saw them as some sort of financial knights in shining armour, coming to their rescue at times like Christmas & birthdays.
From what I remember, auto money loans are for 18 months. I’ve had the odd time where I had to pay late for whatever reason & I’d phone them with a ‘promise to pay’ on a certain date & they’d be ok with that. I think its crucial to keep in contact with them. Let them know what’s going on and who knows, they may be able to help. It was a smooth process and the people I worked with were competent, helpful and understanding. When it comes to trusting internet loan companies you wont be able to tell unless you’ve tried them before or know someone who has. I’ve tried a few companies and was very happy with auto money, they are very reasonable and easy to work with was very happy with them all.
To date, they have been fantastic. The web portal doesn’t have the same look and feel as the big banks but it does everything I need. I would recommend that people do business with them. I hope your experience is the same!
Auto title loans are not really tricky business. They are a form of collateral loan, the title of your vehicle is used as collateral to secure the loan, and in some cases a copy of the car keys too.These loans texas are like the everyday loans that people are used to, from banks and other financial institutions.
This form of credit operates differently from bank credit. You will need to give up your car title, after which you are lent up to 50% of the value of the car. The application process is protected by strict security measures. The online data is safe and secure with high security standards. The lenders are responsible for their customer’s confidentiality so a customer can apply without any worry.
As soon as the application is submitted, a staff from the lending office will contact the applicant. He guides him to complete the application smoothly. He answers any loan regarding questions courteously. The application form asks to select a nearby financing center.
So, in light of all the above, you should ask yourself a few questions before you take a car title loan. Ask yourself for instance, is the loan really necessary? Will you be able to fully pay back the loan along with the total interest within the stipulated time?
However, if you evaluate yourself and find that you really require the car title loans and you are sure you can pay back, then why hold back? Go ahead and take it, but be sure to do a background check of who you want to borrow from.
There are some tips that we have to consider while writing a Resume, as it is the best source that creates an impact about us to the interview holders and also the first step of us after completing our studies. I came across some of the ResumeEdge resume blog earlier when I didn’t know how to write a resume effectively. As far as my knowledge is concerned, the professional resume should contain some buzz words that makes the resume looks fresh, and should have the sense of how the job market works and how hiring managers think. Most people get the job with out professional help, whether legal, taxes or resumes.
To have a decent resume, you need something to put on it, something to get attention. I try to tell young kids that a resume is not about format, it about what you have done with your life.
If you are starting out, be thinking of your resume all the time. Volunteer your time to an effort you can support and believe in (Big Brothers, Big Sisters, Salvation Army, your church). If you contribute, not only do you have an item to add to your resume, you have worked now with people that can help you with things like references, and perhaps even job tips and hints. And believe in the idea that “what goes around comes around”. If you do good things, good things will come back to you (don’t ask me how, but it just does).
A good resume will reflect a good life story. It will be better than “I hung out, played video games, watched TV, and lived at Mom’s until I was 30….
Continue with your education. Take a class if you are out of school, anything, something you enjoy. A note on a resume indicating continuing education is an indicator of someone who is always improving themselves. Your list of education cannot stop with High School or college, it should go on.
A cyber attack is an attack on major computer systems by hackers. We’ve seen hackers successfully broke into government computer networks and into the Pentagon’s systems and a bank’s website knocked out for a day or two by the “Anonymous” group. A serious attack would be when foreign hackers coordinate an attack on the networks of many major U.S. government and financial institutions. It would harm the economy and disrupt distribution of products, with resulting food shortages in some areas causing the initial chaos.
In this case of Cyber Attack, I look at how the U.S. economy was disrupted in the days after the 9/11 attack. When the government grounded all flights for a few days, some business operations were stalled, since products delivered by cargo planes were delayed. But people remained calm, and the country snapped back from the economic effects.
Just like after Katrina, 9/11, and other disasters, our people will survive the disruption if the government can convince everyone to remain calm and help one’s neighbors. In case of disruption of food distribution, no doubt there’ll be price gouging and riots at the supermarkets. But I do believe patriotic Americans will work together to find alternative ways to transport food from farm to stores, and then the challenge will be to figure out how to pay for basic needs when no one can get their money out of the banks. In the 1980’s the federal government mandated that banks create a disaster recovery plan. After communications systems were wiped out by hurricane Katrina, mobile sites were set up to re-establish network communications.
In a nationwide disaster, after the initial chaos, I expect the National Guard will be sent out to the most chaotic locations, while companies everywhere would execute their disaster recovery plans. American ingenuity will lead to workarounds for the failed systems. And patriotic Americans will help their neighbors out if they can. It would be helpful if every family also had their own disaster plan. I am prepared, what about you?
How would you like your business to be viewed by consumers? Making a positive response from consumers is what any business dreams of as it could make or break any enterprise. That is why it is critical to manage a business’ reputation because it is the image that customers form in their minds based on their experiences in using the product or service that you provide.
Nowadays, the marketing scene is on 24/7 as the online environment, that is, Internet, mobile, and social media, move and change at full tilt making your brand always ‘on’ in the marketplace. Online reputation management therefore becomes more important than ever before to empower individuals, businesses and large-scale enterprises to protect their privacy and ensure their online reputations reflect accurate, current and balanced information. This means that as a business owner, you must consider what your customers are looking for, and what they are saying about your brand.
Constant monitoring of your business’ brand should be prioritized as what happens online also affects offline communication. So how does one manage this round-the-clock environment to ensure that their brand’s reputation in the marketplace is under control? Solutions for online privacy control and digital identity management are key to engaging your consumers to make sure that they know and say what is true and authentic about your brand. Reputation.com, Inc. provides online reputation management to help businesses evoke of reliable, authentic information about their brands to their consumers. They continue to develop and patent innovative tools that address the dynamic risks and threats a Web-based world presents to maintaining accurate information and image control. More than just a digital solution, Reputation.com Overview allows you to get a better view on how to be responsive and get a sense of the talk about your brand through monitoring. In addition, this allows for knowing how data is moving through the business and what data is being collected and where it is being sent that can help determine how it should be handled.
Entrepreneurs and marketers indeed have to think what their customers and clients are thinking about their product or service. It could be a tremendous and challenging task to manage a company’s online reputation, but through Reputation.com, Inc, one can promote positive content and perception to capture brand positioning of the clients. Given the benefits of online marketing connectivity and online reputation management, you, as a business owner, can communicate and build relationships better to translate your business goals more efficiently and effectively.
There are not very many jobs out there that have the benefit of travel. If you are looking for a career path that will pay you to visit some of the world’s top destinations, then you should take a very serious look at what it takes to become a public speaker. This can be an easy job for the right person, and if you happen to be a natural born talker, then you may find that this is an excellent career choice.
Can You Really Travel the World As a Public Speaker?
Public speakers are currently in high demand. There wanted all over the world. There are plenty of other countries that are looking for native English speaking speakers for their events. This is an excellent way to get paid to see the world and experience some unique culture. If you want to head east, then you will find plenty of foreign countries that are looking for American speakers. Perhaps you could become a motivational speaker Singapore, and experience the unique people and culture that are home to this part of the world. This sounds like a great idea, but in order to get the most out of this career choice, you are going to need some help.
Getting the Help of a Speakers Bureau
A speakers bureau will be the best way to find jobs in foreign countries. Many United States-based speakers bureaus also have branches or offices in other countries. They have the connections that you need to secure high-paying jobs in other parts of the world.
Finding a speakers bureau Asia will not require you to go to Asia. The best thing to do is to try and locate a United States speakers Bureau that has offices or connections in Asia. Not only will this make it easier for you to locate jobs in foreign countries, but you will be well taken care of too. It might seem a little dangerous working in a foreign country, but this is where a speakers bureau really helps out. The speakers Bureau will know exactly how to take care of you in the foreign country. You will be paid, and at the same time you will get to experience a new culture.
Choosing to become a motivational or a public speaker is an excellent way to get paid to see the world. It is up to you to take advantage of this unique opportunity.
The Internet and social media have surpassed many other marketing media forms, making for one compelling reason for businesses to take advantage of it to boost their recall and sales. However, a true entrepreneur must keep in mind that running an online business or website is just like running any regular business; it entails overhead costs, a lot of hard work and patience, and most importantly, keeping a credible reputation.
To help you streamline your online presence, you have to have a deep understanding of what your market wants. Your website should ultimately benefit your customers and highlight your credibility and strengths as a company. On the other hand, unsatisfied customers which may lead to bad reputation should be dealt with strategically. Responding to customer unhappiness is certainly not new for any business. However, the difference with online businesses or websites is the speed and reach which it occurs. That is why it is best to get help with Online Reputation Management Company that helps online businesses and websites to increase a positive perception of their brand. Depending on your company’s needs, strategies and professionals will determine the best course of action for your specific requirements.
It is very crucial to utilize online reputation management for every online business and website. By doing so, professionals can effectively enhance your company’s marketing department and management. Automation and systemizing an online business is indeed a great help to generate a steady revenue stream, but one must utilize and strategize online reputation management to keep the business on good footing.
Coping with the hard times is still unavoidably felt by many people around the world today. Indeed, the 2008-2009 economic downturn that has hurt many people and businesses still lingers its effect in the overall economic activity. Experts say that it may continue for the rest of this year- possibly even for a good part of next year. However, the difficult times notwithstanding, the future would not have to be that bleak for people who choose to strive.
The times call for even more perseverance to counteract the effects of the tough economy. Still, there are smart ways that one can do to meet the challenges of the hard times. One of the most doable ways to do this is to augment one’s income with a home-based small business while keeping the regular morning job. By doing so, one increases his/her opportunities and potential to find a market segment where a product or service is needed despite the trying times. People still have basic needs that need to be satisfied and finding ways to fill those needs will help one to fill his/her own for survival and growth.
In addition to this, one should be wise enough to manage his/her cash flow and not prioritize purchasing ultra pricey items. Instead, one should take note that cash is king during the hard times. Thankfully, there are many frugal ways to save up when buying one’s basic needs and that is through discount coupons being offered by certain stores to their consumers to save up on their purchases. By being resourceful, it is not surprising that one can still find ways to satisfy his/her needs, as well as stretch finances to get the most value out of one’s hard-earned money.
Just like any other economic cycle, the hard times will pass and wouldn’t last forever. Changes call for new demands that abound and need to be met. No matter what the prevailing economic conditions might be, it is always best to jump start improving one’s financial standing by being persevering, creative, resourceful, frugal, and innovative.
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There is an investing strategy that really works and it is called the Phoenix letter strategy. Today while the major averages bounce like a super ball, from one week to the next, The Phoenix letter has been able to make consistent winning trades, averaging 12 percent on each winning trade, and just a meager 3% loss on other trades. The Phoenix letter fraud was built around a few investors that were not working the program to it’s potential. This is not like some of the Nigerian letter frauds that are out there. The Phoenix letter.com is a legitimate trading company with advanced money making techniques.
Please note that all the phoenix letter fraud writers were not reliable to the point of total conclusion. In every letter that was received by investors that wanted to make more money than ever before, there is a piece of advice at the bottom of that letter that states any type of investing is risky but that the system, when followed to a tee, will help you make more for investing dollar.
There is a trial subscription that is backed by a 100% money back guarantee if not completely satisfied. The company does not want to take anything from anyone that is not happy.
The Phoenix letter scam has done no damage to the company itself but reputation is important to the life of the company. Each individual that wants to invest their hard earned money in the market should know that not all people who invest will make millions but if helped along the way to do things the right way, can make a substantial earning.
So, is the Phoenix letter a scam? No, it is not.
The company sends the letter, stands by it’s refund policy and makes money for it’s customers over and over again.