[category ]
[tags ]
Life to me is a journey - you never know what may be your next destination (adventure).
-- David Russell
"It's the journey that is of germane importance, not the destination." --Anonymous
"Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy." --Norman Vincent Peale
Like My pages and find out why I have more than 9,000 likes, friends, followers & fans....
Four (4) Benefits Of Credit Card Consolidation Loans, Other Personal and Biz Loans
For additional information Click Here! .or. Click Here!
Any feedback would be great. "Most important Article of your Life so make sure you read this and Leave comments and right here is just one of the articles of 1100 articles across multiple subjects that are bringing me "Prospects and Leads" and YOU need these too. If you want to see us LIVE, just click ( The Longest Continuous Running Webcast Online, bar none...( Get 100% FREE ~50K+ Premium Visitors ( Mostly Proven Buyers ) for your site, and ~10MM+ for the site of your choice! ( website will NOT mention this) ) ):
WorldsLongestRunningWebcast.com/?id=5570434, WorldprofitAssociates.com/t13.cfm?id=5570434 .or. http://bigdogmoneymaker.com/3a0
... if you're ready to run with the Big Dawgs and ask the Sr. Mentor Monitor in the Live Business Center how you can get these articles for yourself already written for you.
Four (4) Benefits Of Credit Card Consolidation Loans
Credit card consolidation loans have become a popular way to manage debt. These loan companies run multiple commercials that focus on their ability to reduce monthly payments. There are actually multiple benefits to this form of debt consolidation to consider that include this reduction of payment. If you are looking for a way to take care of your debt, this may be the right solution for you.
Lower Payments
Consolidation loans pull all of your different loans together to lower your cost per month. These businesses help to lower the amount that you must pay on a monthly basis. Consolidated loans make it easy for you to lower your credit card payments per month. This makes consolidation perfect for those who are struggling to meet the amount for current credit card bills. The loans make it easier for those in debt to budget their funds, as they will be paying less toward their debt per pay period.
One Single Payment
It can be confusing to pay multiple credit card companies per month. It can be confusing to keep track of the cards that you have paid, and the cards that you have not paid. Consolidation loans bring your payments into one single payment. You will be paying the consolidation company. This company will be paying the credit card bills for you. You no longer need to keep track of monthly payments.
Paying On Time
The single payment of a consolidated loan also helps you to pay your credit bills on time. It can be easier to keep track of your bills when you only have one credit card debt bill. You can budget for your payment easier than before. You can also visualize the goal date for that payment easier than before. The consolidated loan will make it easier for you to pay on time. This benefit can also save you money. When you fail to pay on time, you will incur various penalties and fees. You will avoid these extra fees and debts with a consolidation loan.
Ability to Start Up a Savings Account
You will have some money left over, every month, that was used toward your credit card bills. It can be easy to earmark this money for spending. You should be thinking about your financial situation in this situation, however, and should put the money toward a savings account. This extra money will help to prevent you from needing to use a consolidating company in the future.
Five (5) Ways a Personal Loan Can Benefit You
Early in my marriage, my then-wife and I made two cross-country moves in the space of one year and that happens every 2-3 years, since he's an Independent Computer Consultant.
By the time we made our second muncommonove, we were low on funds and wondering how we could afford it. We didn’t have the savings (both of us were in grad school), and we didn’t want to put such a big expense on a credit card.
My mom suggested talking to our bank about a personal loan to get the money we needed. We were able to get the capital for the move, and do it with a lower interest rate than we would have received with a credit card.
This was the first experience I had with the benefits of personal loans. We don’t think about personal loans very much, but there are advantages to getting one, especially if you have good credit.
What is a personal loan?
A personal loan is usually an unsecured loan, meaning you don’t need to provide collateral when you borrow.
The lender offers you the loan based on your credit and other qualifiers. When you have good credit, you are more likely to be approved for a personal loan and be offered a lower interest rate. You can go to your financial institution and ask for a personal loan, or you can look online for a personal loan instead.
Here are some of the benefits of personal loans and associated loans:
1. Lower interest rate than most credit cards
Most personal loans come with lower interest rates than credit cards, especially if you have good credit.
It’s not uncommon to pay around 15% APR on a credit card balance. On the other hand, if you have good credit, you might be able to qualify for a personal loan with an APR of about 6%. That’s a big difference, especially if you are making a larger purchase.
If you can’t get a 0% APR introductory rate on a credit card, or if you know that you won’t be able to pay off the loan before the intro rate expires, consider a personal loan.
2. Use for a variety of purchases & cash flow problem solving
Personal loan benefits include the fact that you can use your cash for just about any purchase. It’s possible to use a personal loan for starting a business, buying a car, or renovating your home.
Other loan types may place restrictions on what the funds may be used for. Not so with personal loans, making them a flexible option to fit most situations.
3. Consolidate debt
With the lower interest rate, you can use a personal loan to consolidate high-interest debt. Depending on your situation, you might be able to use one larger personal loan to pay off several smaller debts with high interest, including student loans or credit cards.
Debt consolidation has its own benefits. When you consolidate debt with a personal loan, you can save money on interest and pay off what you owe faster. Not only that, but you also combine several loans in one place under a single umbrella.
This can be very helpful if you struggle to make your payments on time or if you’re having trouble keeping track of each account. Combining everything together can help you better manage your debt repayment plan while saving you money in the long run.
4. Smooth your cash flow
I’ve used personal loans in the past to smooth my cash flow. If I know that a client might not pay on time, a personal loan can come in handy. If you need to bridge a temporary gap, there are benefits of personal loans.
One alternate way to use personal loans is to get a personal line of credit instead of an installment loan. My personal line of credit with my bank comes with a low interest rate, and it’s connected to my checking account.
This makes it easy to provide my finances with a backstop, just in case something happens and a client is late. In short, it means I don’t have to raid my emergency fund. Normally, I access the line of credit to smooth my cash flow and then repay the amount borrowed before any interest is even charged.
Consider whether or not personal loan benefits can work for you and your cash flow situation. Because of the way I have my finances set up, the liquidity of a personal line of credit makes a lot of sense for me.
5. Boost your credit score
If you don’t have diversity in the types of credit you have used, a personal loan can help. One of the benefits of personal loans is that they count toward your credit score in terms of types of accounts you have.
Revolving accounts, like credit cards, represent one type of credit. These accounts show that you can handle loans that aren’t paid off on a regular schedule. Instead, you have a limit, and as long as you make payments to free up room you can keep using the credit.
Installment loans, on the other hand, have a set term. You make the same payment each month. This is a different type of loan, and having it included in your credit report can add a small boost to your score.
It’s never a good idea to get a personal loan just for the sake of trying to boost your score. The improvement won’t be worth the cost. But if the loan is for a planned purchase that you would have put on a credit card otherwise, it can make sense to get a personal loan instead. Before you borrow
It’s always a good idea to consider other options before you borrow. Even though there are benefits of personal loans, the reality is that you are still paying interest.
Do your best to save up for major purchases, and research other arrangements. Personal loans can be valuable financial tools, but it’s important to avoid getting too far into debt with them.
Here are the 10 best personal loan lenders for 2018
Compare the rates from different vendor, here!
Using a personal loan to consolidate credit cards. .AND/OR. Pay student loans
Possible Short-Term Needs Suited for a Temporary Cash Flow Loan
Although this type of financing is not best suited for meeting long-terms needs for capital, there are reasons a business might consider borrowing to meet a short-term cash flow need (provided they have the resources to make the periodic payments). Here are some use cases where a temporary cash flow loan might be a consideration:
Bridging a seasonal cash flow bump: Many seasonal businesses sometimes require a little extra capital to meet expenses as they move from one season to the other.
Unexpected need for additional capital: It’s not uncommon for businesses to experience unexpected expenses like a major plumbing problem or other maintenance issue they might not have the cash flow to cover.
New project start-up costs: Ramping up for a new project or a new customer contract sometimes requires additional resources that might exceed a business’ ability to cover with cash flow, but will be recouped in 60 or 90 days. Emergency repairs to business-critical equipment: When equipment necessary to the operation of your business fails, it likely doesn’t make sense to wait several weeks to start repairs. A temporary cash flow loan can be a good way to access capital to start those repairs right away. An opportunity to purchase quick-turnaround inventory at a discount: A short-term loan could be a good solution to take advantage of an opportunity to purchase inventory that has the potential to increase profits.
Some Cash Flow Challenges are Really Opportunities
As mentioned above, sometimes the need to access capital quickly could be to take advantage of an unforeseen opportunity to increase profits. For example, responding quickly to the opportunity to purchase inventory at a discount or launch a needed marketing campaign. A temporary cash flow loan probably won’t make sense for every business or business need, but can be beneficial to generally healthy businesses that need access to capital quickly and have the means to repay the loan over a short period of time.
When borrowing short-term capital, you should be aware that the periodic payment will likely be higher than a loan with a longer term, but the overall cost of the interest, fees, and expenses could be lower. The Electronic Transactions Association (ETA) surveyed a group of small businesses and found that when meeting a short-term need, they wanted to minimize the total loan cost to maximize ROI potential. As a result, 57 percent chose a six-month loan with a higher APR over a longer-term loan to minimize total interest costs, fees, and expenses.
Loan purpose, or the business need your trying to meet, is a good way to determine the type of financing that makes sense for your business. Meeting a temporary cash flow need requires a different approach than borrowing to purchase a heavy piece of equipment, expand into a new location or meet some other long-term capital need. The ETA survey respondents also suggest that those small businesses anticipate a 5X return for every $1 borrowed. In other words, they’re leveraging short-term borrowing to take advantage of borrowed capital to increase the ROI in their business.
OnDeck Offers a Potential Short-Term Cash Flow Solution
They understand the cash flow limitations that small business owners sometimes experience, including the unique challenges faced by seasonal businesses. They make temporary cash flow loans that are based upon the overall health of the business rather than solely on the personal creditworthiness of the business owner. An OnDeck loan is not a merchant cash advance, but a small business loan that can be used to meet many cash flow needs.
It is important for you to consider all of your different options for personal loans, biz loans and debt management. Biz cash flow, personal loans and credit card consolidation loans allow you to make your cash flow smoother and debt-paying process simple and easy and in some states you can use the payday loan system for cash in 24 hrs or less... It is important to note, however, that you will wind up paying more, over time, because of this form of loan. If you still think that these four, plus benefits will help you to deal with your cash flow problem or debt, you should consider these loans.
Is a personal loan right for me?
Credit Cards vs Personal Loans
What credit score do you need?
MSCS, MCEC/ CEC, MCSE, C|EH, SEC+, CASP
Webmaster, IT & eBiz Consultant
http://NstaCPUbiz.com Join us free as my guest, NOW! Get you free eBooks created .or. re-brand one of ours, your choice...
Check out Auto Tweets -> http://www.InstantComputerbiz.com/?rd=ww4psBcZ
Checkout BitCoin Millionaire -> http://www.InstantComputerBiz.com/?rd=yq987nHa Checkout Paid SocialMedia Jobs -> http://www.InstantComputerBiz.com/?rd=vu7tYnfT
Sponsor(s):
Italia or Linda Elze is the Owner of http://CyberWealthZone.com. Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter. Check out The Bitcoin Breakthrough -> http://www.CyberWealthZone.com/?rd=ji2WbGIw
Keywords:
home business, finance, internet marketing, affiliate marketing, business, online business, seo, blogging, sales, sales promotions, work from home, make money online
No comments:
Post a Comment