Uses of Various Personal Loan Types

Bad credit loans are a good option for people who may have difficulty obtaining finance because they have previously got into payment arrears, or had CCJs or defaults. There are a number of bad credit loans lenders that now offer this type of finance but you may be confused by the financial jargon that is … Continue reading “Uses of Various Personal Loan Types”

Bad credit loans are a good option for people who may have difficulty obtaining finance because they have previously got into payment arrears, or had CCJs or defaults. There are a number of bad credit loans lenders that now offer this type of finance but you may be confused by the financial jargon that is used to describe borrowing that is specifically for this sector of the market.

Some of the terms that refer to borrowing aimed at this market sector are: bad credit loans with no credit check and bad credit loans with an instant decision. The former is a useful option as it means that people do not have to worry about getting turned down because of past financial difficulties. The latter also often implies that stringent checks are not likely to be carried out.

Another type of borrowing that you may see advertised is bad credit loans with no fees. With this type of finance the borrower will still have to pay interest on the amount borrowed. However, there will be no set up fees or additional charges levied such as administration fees. Therefore, these can often prove beneficial.

In describing the various types of products that are on offer, we will begin by looking at unsecured bad credit loans. If you do not wish to secure your property against the amount you have borrowed then unsecured loans for bad credit are a good choice. However, the interest charged on them tends to be higher than that charged on secured forms of borrowing.

Amongst the types of unsecured bad credit loans are those requiring a guarantor. In this instance the guarantor is usually a trusted family member or friend who guarantees to take over the repayments on your behalf if you fail to meet them. Guarantors are usually required for people who haven’t had a chance to build up a credit record, for example, parents often act as guarantor for their adult children.

Another type of unsecured finance is when the repayments are collected from the home. These are known as home collection loans. The amount granted is usually low (generally between £100 and £500). A representative from the lending company calls at the home on a regular basis to collect the repayments, which is normally around once a week or once a fortnight.There are also various types of secured finance available for people with a poor credit history. Borrowing can be secured against the home, car or other property. Additionally, payday loans rely on the borrower earning a regular income and the amount granted is paid back as soon as the borrower’s salary is paid into his account.

Even a visit to the pawnbrokers is a form of secured finance. The borrower takes his goods to the pawnbroker who lends him a sum of money based on the perceived value of the goods. The person then returns at some point in the future and pays back the sum of money with interest in return for his goods, which have acted as security against the sum of money that was borrowed.

Getting An Oil Tank Removed

Are you a property owner and worried about oil tanks? Well, as undesirable as they are, they are not something to worry about, as the removal process is actually quite simple and not as inconvenient as you might have previously thought.

First things first, is to know the background of underground storage tanks (USTs). Some properties have USTs buried on their grounds due to the fact that oil as a fuel was overtaken by natural gas in the 1950s. This meant that there was no longer a need for these tanks so many of them were buried underground and thought to be out of harms way. This method, in fact, was harmful, as even though the oil was drained from the tank, there was some residue left over in many that could leak into the soil and damage the environment around it. Since then, to avoid, or stop what has already happened in terms of contamination, it has become the law in British Columbia for property owners to have the USTs removed from their land. There are very few exceptions to this rule, so if you know you have an oil tank, you should starting planning to have it removed as soon as possible.

One problem that many people imagine is, if the fuel tank is buried, then how do I know if I have one on my property? There is actually a very simple way to find out. If you call an oil tank removal firm that operates in the region, they will be able to inspect the premises and let you know. There are many companies that use special scanning equipment that utilizes radar technology and this can tell you whether or not there is a UST buried on the property without invading the land at all. Then, if a tank is found, arrangements can be made for its removal.

To start the process, a small area or land around the tank site will be cordoned off. If you go with a well reviewed and professional oil tank removal service, you will be amazed at how little disruption is caused and how not very much space is taken up while removing the oil tank. The team will operate as quickly as possible by digging up the tank and cutting it down into smaller pieces. By doing this, it will be easier to remove the oil tank through smaller spaces away from the property, for example, through the back garden gate.

Questions to Ask a Freight Factoring Company

Thinking of partnering with a freight factoring company? A positive cash flow can have a huge impact on your business. Not only will you be able to take on more clients and larger deals, but you will also be able to ensure that driver payments, payroll, fuel and all your other expenses are always paid on time.

If you’ve already decided you are going to partner with one of the freight factoring companies in your area, then you need to start researching the various companies to determine who will provide the best service to you. Here are a few questions to ask to make sure you get a value for money service:

What happens if my clients don’t pay?

This is an important question because it can put you in a difficult position if you have to pay for outstanding bills from clients. Find out if the factoring company handles debt disputes and what their normal procedures are when trying to claim back money from clients.

Do I get to choose which invoices I factor?

In some cases, you might have weekly loads which you bill and your clients pay each week. In this case, you might not necessarily need a factoring company to factor the invoices for you. You might only need factoring services for larger loads which only get paid after 30, 60 or 90 days. Find out if the factoring company will allow you to decide which invoices you want to factor or if you have to hand over your entire client book.

What kind of extra services do you offer (and what do I have to pay for?)

Factoring and bank loans are very different in a number of ways, but one of the most prominent differences is the fact that banks research businesses to determine whether they are creditworthy, while a factoring company will research your clients to determine whether they are creditworthy or not. Freight factoring companies will either do a credit check on your clients to ensure they are capable of paying the invoices, or they will give you a list of pre-approved clients which meet their credit requirements. Find out what process they use to determine whether clients are creditworthy and whether you will have to pay extra for this vetting process.

What percentage of the invoice will you advance?

Many times, a freight factoring company will advance a certain percentage of the invoice (such as 80%, 90% or even 100%) and the rest of the amount only gets paid once the client has paid the outstanding invoice in full and their service fee has been deducted. Make sure you know what percentage gets paid to you in advance.

Want to find out if our freight factoring company’s service will work for you? Get an instant factoring quote now.

Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.

Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the Instant Factoring form on this page. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.

3 Effective Ways to Avoid Inheritance Conflicts

These issues come up mostly while talking with those who have gone through conflicts in their families during property division process in any of their estate settlements. In most of the cases there are references to the input from one of the members of family “once removed”, and not necessarily the ones who are the so called immediate heirs. These other people who are usually spouses or grandchildren don’t always have the similar emotional connection when compared to the ones who are immediate heirs. In most of the cases this may be unintentionally done. But, when children or spouses have things they want and they make demands, they often end up creating situations that finally result into conflicts.

Here are 3 ways that can help in avoiding such conflicts.

Understanding the Personality of other Heirs: It is very important that you try and understand what kind of people the other heirs who are also involved in the settlement issue are. Analyse their basic traits and find out the way to communicate with these heirs. This approach often resolves most complications even before they arise and clears off lot of misunderstandings. Personality difference is often the main cause behind a conflict concerning settlements. It will become more and more difficult to avoid conflict or maintain peace without understanding the differences.

Keep the Home Untouched before Formal Division: It is very important that you don’t claim your right on something that logically belongs to other heirs. It can also mess with their emotional sentiments and can further complicate the case for you. This is why it is important that the house remains untouched or undisturbed till a legal division is announced. An in-depth scrutiny of the property is important before there is any legal division and you can contribute to the process by not disturbing anything. Without the consent of other beneficiaries or heirs if you remove items from an estate or a home it is very much possible that the issue will get complicated. Very often we see people making this mistake of just going into a property and picking what they want without any consent with the concerned people and such actions are often justified by them through some facts or instances of the past. That being said, legally it will only complicate the case.

Only Beneficiaries or Immediate Heirs should be Part of the Property Division: Property division is a sensitive case and hence it should not be made a mass trial. Only immediate heirs or beneficiaries should become part of the process and other outside influences like children of heirs, grandchildren, in-laws, spouses etc should be kept away from the process. This is particularly more important at the beginning of the division process.

How to Make Annual Travel Insurance Work for You

Holidays used be a luxury: generations ago, the idea of crossing nations was intimidating for its expense and difficulty, while the concept of crossing oceans was only possible for the lucky few. Nowadays, packing your bags for a trip is almost an expectation for many middle-class families, and the travel industry is booming.

The need for travel insurance has grown as well and, while many travel now and then, there some families and individuals who can afford regular trips. If this is the case for you and your family, you need to consider how to make annual travel insurance work for you.

Choose the right provider

The first step is probably the most obvious. Choosing the provider of your policy comes with its own set of expectations, including reliability, efficiency, and, of course, value for money. But picking an annual travel insurance policy from the plethora of companies flooding an already bursting market can seem daunting. The key is to focus on the quality of a provider’s guarantees, matched with the openness and simplicity of their plans. Solid, small and reliable firms are usually backed up by larger insurers, and offer plans which, while simple to quote and easy to book online, always come with a clear explanation of exactly what you can expect if you plan your regular trips. Choose wisely, and whether you’re heading off to Spain on short weekend trips or have a few conventions to cover in Ireland over the summer, you know you have a policy you can trust.

Choose the right plan

Even the smallest providers will offer a range of plans. It’s not always a simple matter of narrowing down a number of annual travel insurance plans offered by a few companies and going with your gut instinct. The intelligent way to make your plan work for you is to ensure you only pay for what you need. Year-round cover varies, and whether you are a businessperson, family, couple, or individual will, along with other factors, affect the efficacy and cost-efficiency of your plan. Checking the fine print will save you from paying for things you might never need.

Choose the right extras

The nature of annual travel insurance means that it’s is based on the rather pessimistic premise of portentous injury, accidents or loss of valuables. But even if the best-case scenario occurs and you never need to make a claim, a policy can be made attractive with some potential extras. Free cover for children, cover for cruises or golf equipment, 24 hour emergency contacts and other perks can make your plan work for you all the harder even harder – and save you money!