Best Home Equity Loan Rates

With hundreds of companies, banks, and other financial institutions flooding our country, it has become extremely difficult to find the best home equity loan rates. Hence, research and knowledge-gathering are required before taking out a home equity loan.

Research shows that the best home equity loan rates are fixed, stable, and low, possessing tax-deductible features. Although such fixed interest rates seem more expensive at first, analysis shows that they prove to be cheaper and more affordable in the long run.

Predictability is another feature of good home equity loan rates. With payment of constant or same credit every month, one does not worry about fluctuations in the interest rates of a loan. Home equity loans provide credit in bulk and maintain a constant interest rate for the whole loan and repayment period, be it 5 years, 10 years, or 15 years.

Rates differ from one company to the other. Some financial institutions providing good home equity loan rates include Quicken Loans, Country Wide Home Loans, E-loan, Loan Web, Ditech, Lenders Exchange, Lower Your Bills, Home Loan Center, Net Bank, Chevy Chase Bank, and many others.

The aforementioned companies let you borrow up to 100% or sometimes 125% of your home’s value, at reasonable and stable rates. For example, Liberty Bank provides loan amounts from $25,000 to $250,000 when loan-to-value percentage is 80% at 5.49% APR.

Furthermore, Chevy Chase Bank provides low interest rates and discounts with automatic payments. Flexible payment schedules, low interest rates, fixed interest rates, free quotes, and much more make up the home equity loan advantages offered. Home equity loans of up to 125% of equity are available at companies like Lending Tree, Lower my Bills, Home Loan Center, and many others.

The best home equity loan rates are those that are stable, low and tax-deductible. With many companies offering great loan rates, you are sure to find the best one with just a little bit of research, knowledge, and effort.

Best Credit Card Offers

The term x91best credit card offerx92 is highly subjective. There really is no such thing x96 whatx92s important to know is what offer is best x91for you.x92 You probably receive countless amounts of unsolicited mail offering you credit cards everyday. Having so many options, how does one know what offer is the best one for them?

Regardless of your lifestyle, how much you spend or how much you will use your credit card, the one thing people look for when it comes to choosing a credit card is the APR. It is a consensus by most economics experts that the best credit cards are the ones who offer the lowest interest rates when carrying a balance. This is because the lower APR your credit card offers, the lower you will have to pay. Finding the credit card with low interest rates can mean the difference between long term debt and savings.

The most important step is finding the best credit card offer for you. Looking at different card companies and comparing their rates will help you save money.

Getting a low interest rate on a credit card may be difficult if this is your first time applying and you have little or no line of credit. In this case, there are other offers that may be more suitable for you. If you are in this situation more than likely the only credit cards you will be approved for will have a high interest rate. Once you establish your credit, you can apply for a card with lower interest rates.

You will always get offers from credit card companies that seem fantastic. But before you sign the contract, you should always shop around. The credit card business is very competitive, with hundreds of companies wanting your business. If you take the time to compare what the different companies have to offer, you will find the one that best suits your needs.

Best College Loan Consolidations

After finishing college, when you feel exhilarated about starting a bright new chapter in your life, a nagging thought about repaying all those loans you took to complete your education may upset you. Giving out regular and timely payments may become a Herculean task, and the late fees and penalties may weigh you down. Searching for the best college loan consolidation option will bale you out from your financial worries.

The best college consolidation loans should reduce the amount of your monthly payment by increasing the duration of the repayment period beyond the 10-year standard repayment plan. This duration can be increased up to a very manageable thirty years depending on the sum you have taken as a loan. On one hand, the lower monthly payment results in an easier repayment plan, but you may end up paying more money in the long run due to accumulated interest.

In the U.S. there are various loans available to students, broadly divided into Federal student loans and private loans. Generally the easiest to get, the Federal loans are given through the Department of Education. Stafford, military and ROTC are few of the popular Federal loan programs. Leading bankers and lending firms like Citibank give private loans. These charge a higher rate of interest.

Having a good credit record over 660 will get you the best student loan consolidation interest rates. In fact, inquiring about your credit scores should be the first thing you do before you apply for a loan consolidation.

In the Internet-driven world it is easy for people to find and compare the best available student loan consolidation plans. A little time spent in research will go a long way in saving large amounts in interest and other fees charged by the various loan vendors.

Benefits of Offshore Merchant Accounts

Is your merchant account processor not giving you good services and making the whole credit card processing a big hassle for your business? Or do you have a new business or a business with high risk that does not belong to the good books of US banks and credit card processors? In both cases an offshore merchant account processor will surely welcome your business account.

Offshore merchant accounts can help your business reach its full potential and let you process enough sales per month to get your business going great guns. You can reduce the tax liabilities on your business by having an offshore merchant account. It can give you a way to move part of your assets offshore without getting into the wrong books of the IRS. This account can give you a legitimate and convenient way to get your business profits offshore. Offshore merchant accounts work great with those who wish to set up a new online business that involves credit card processing for taking up orders. It also facilitates easy multi currency processing.

Most of the offshore banks provide better service than the domestic banks. They have more lenient procedures and guidelines. Therefore, opening an account is much easier. They provide highest-level security, encryption and fraud protection systems. If your account exceeds the volume of proceeds that your domestic bank allows for processing then having an offshore account with minimal volume restriction can help your business grow in leaps and bounds. Jurisdiction and business legislation involved with high-risk businesses such as that involving online gaming, gambling, adult material, online pharmacy etc. is easier in some of the offshore banks than in domestic banks.

Most of the offshore merchant accounts enable processing of varied types of credit cards that may not be allowed by most of the US banks. The US banks prefer accepting only Visa and MasterCard through merchant accounts. However, having an offshore merchant account allows you to accept proceeds from tapping orders from other types of cards as well.

Bankruptcy Law Firms

Filing for bankruptcy can be an excruciating moment. Individuals or firms have the option of filing for bankruptcy as a last option when their debts are out of control. Bankruptcy is filed when the debt is extremely high and the creditors are practically camping at the door. Expenses due to medical, legal, or credit card expenses usually make a person lean towards the option of bankruptcy.

Even though bankruptcy provides the individual with a credit free life later, it affects the credit rating for about 10 years, so filing for bankruptcy is not really a very easy option. Also, some cases, such as those dealing with mortgage and alimony, may not even be considered in the court as proper reasons for bankruptcy. Bankruptcy must also be considered only when all other options have been exhausted.

It is possible for the individual to represent himself in court when filing for bankruptcy. However, most bankruptcy laws can seem to be very complicated to a common citizen, so it is suggested to pay a visit to an attorney before filing for bankruptcy. Most attorneys will be able to give clients the general gist of the procedure and an attorney dealing with credit counseling will be able to provide proper guidance.

Most attorneys provide a free consultation regarding the case. It is very important to choose a proper attorney as they can make or break the case by not being actively involved.

It is suggested to run a few enquiries rather than hiring an attorney solely based on the attractive advertisements. Many law firms have licensed attorneys specialized in dealing with bankruptcy cases. It is suggested to select one of these attorneys to deal with the case.

ACcording to a new bankruptcy law that was passed in 2005, credit counseling from a licensed firm is a must at least six months before filing for bankruptcy. Keeping this into account, lots of law firms have started offering these services to the public. These companies are licensed and have representative agents who can help individuals and firms with the credit problems. They might even be able to provide a solution so that the firm or the individual can reach to some form of settlement with the creditors.

Bankruptcy FAQs

As far back as colonial times, every citizen has a constitutional right to file for bankruptcy. By declaring bankruptcy, one is relieved of mandatory collection activities for debts existing at the time of filing by a legal “stay” on these activities. The first version of US bankruptcy or Federal Insolvency laws appeared in 1800, and has been evolving ever since.

Chapter 7 or “straight liquidation” bankruptcy permits the retention of exempt assets and property and can be used by individuals, partnership businesses and corporations. Under Chapter 7, recent tax obligations, debts to government units and alimony/child support are not exempt. In case of debts incurred during a marriage, both spouses must file for bankruptcy – otherwise the debts are transferred to the non-filing spouse.

Chapter 13, or “wage earner reorganization” bankruptcy can only be filed by individuals who have a steady source of income. It can be filed by debtors with unsecured debts that do not exceed $100,000 and secured debts that do not exceed $350,000. Basically, filing for Chapter 13 bankruptcy indicates an intention and willingness to make good one’s debts within five years. With this understanding, the applicant’s existing assets are not liquidated.

Chapter 11 is a more flexible version of Chapter 13 available to individuals and businesses. It is generally not preferred by individuals, because it entails greater court-related expenses and calls for frequent personal appearances in court.

Once Chapter 7 bankruptcy has been legally sanctioned, creditors have no claim on future income. If assets have been concealed, misrepresented or surreptitiously transferred at the time of filing for bankruptcy, the discharge from debts can be either refused or declared null and void.

Bankruptcy Attorneys

U.S. bankruptcy attorneys were a pretty rushed lot in the final period before October 17 – that’s when the laws governing bankruptcy ceased being a catchall shelter. There was a quiet stampede of almost 1.25 million applicants who wanted to take advantage of the more amenable aspects that existed till then.

The basic function of bankruptcy attorneys is to guide potential applicants as far as feasibility and procedure is concerned, and to act on their behalf in court. With the new amendments, a bankruptcy attorney must also inform a client why certain loopholes no longer exist. Finding the right lawyer is essential. As distasteful as the circumstances may be, effort put into locating such an attorney is wisely spent.

In present times, bankruptcy attorneys are having a boom time. A certain degree of complacent shoddiness appears to have crept into the lesser echelons. There are innumerable cases reported where the attorneys — especially “cost effective” ones — do not even show up at a scheduled hearing. Or, they fail to be thorough in necessary research and paper work. Such laxness can spell financial disaster.

One can pick a bankruptcy attorney out the yellow pages, but finding the right one calls for a far more astute approach. The best way is through referrals from business contacts and colleagues(not friends or relatives), who have had satisfactory dealings with such attorneys. Another suitable way is to ask attorneys from other legal disciplines for a referral.

Every state and city has a Bar Association, and the Association of Consumer Bankruptcy Attorneys is another good source. While narrowing down your final choice, ensure that the attorney is certified American Bankruptcy Institute, so that a reasonable degree of accountability is established. Finally, find out how many actual bankruptcy cases the attorney has handled in the given year, and how many of them yielded satisfactorily results from the client’s point of view.

Bank Secured Credit Cards

If you have no credit history or are trying to repair your credit standing, a bank-secured credit card is your best option. By ‘securing’ your credit with your own savings account, you can have a fully functional credit card and be sure that you have the ability to pay whatever balances you accumulate. Read on to find out more.

This kind of card looks and works much like a regular credit card, but uses your bank deposit as a guarantee or collateral. Should you be unable to pay the amount due on time, for example, the bank can apply your deposit to your outstanding balance.

A bank secured credit card is perfect for consumers who do not qualify for regular credit cards either because they have no credit history yet, or because they have gone bankrupt and therefore have undesirable credit ratings. Having a bank secured credit card shows the bank that you are financially capable of paying monthly dues. If you use the card responsibly, the bank may eventually provide you with an unsecured credit line.

Because you will only get to charge an amount that corresponds to your deposit, you can be sure that you won’t overspend. If you find yourself unable to pay the balance, for example, the bank simply deducts the payment from your savings account. With a bank-secured credit card, there’s no risk of incurring debts.

But like all other credit cards, the disadvantages of a bank-secured credit card crop up when you use it irresponsibly. If you do not pay on time, for example, you will be faced with high interest fees and late payment charges.

Most bank-secured credit cards only allow limited transaction frequencies, which means you can only use it a specified number of times. The banks use this measure to protect against overdrafts. It is also quite difficult to close a bank-secured credit card x96 you will not get your deposit immediately. The bank will keep your money for a few more billing cycles in order to make sure that no sketchy charges were made.

Bank Credit Cards

Bank credit cards come with huge responsibilities. Your first step to using one wisely is to know how the card works and what duties you have as its user.

A bank credit card allows you to borrow money from a revolving line of credit with a limit, which is determined by the card issuer (the bank). You can use the card to purchase goods or services, like food, clothes, movie tickets, or dinners in a restaurant.

When you use the card to pay for something, you are technically borrowing money from the bank which issued the card to you. You make this ‘loan’ official by signing the receipt when you make a purchase, or inputting the security code found on the back of the card (and in some cases the card’s expiration date) when you are purchasing something over the internet or phone.

Information is your protection against misusing or abusing your card, so be sure to read the terms and conditions of the customer agreement which comes with your bank credit card. The gist: Once you purchase something using the card, you bind yourself pay it either partially or in full on or before the due date. You need to repay at least the minimum amount plus the interest that may have accrued on an unpaid balance once every billing period, in order to keep using your card without running into any legal problems.

Remember that how you use your credit card determines what kind of credit facilities will be available to you in the future. Your credit card history goes into your credit report, which you want to keep in good standing if you plan to take out major loans such as mortgage loans or car loans. You should therefore remember to always pay your credit card bills promptly, keep track of your charges, and not exceed your credit limit. Doing these three things religiously can save you from financial problems.

Bank Checks

When a bank issues a check on its own account to a customer, it is called a bank check. Such checks are issued for payment to a third party and are also variously called as cashier’s check or treasurer’s check. Such checks are generally treated by the law in the same manner as ordinary checks. Many people regard bank checks as equivalent to cash, which it is not. In certain instances a bank check might not be paid. A bank check can be used to purchase large items such as a car.

Bank check payment is often considered an alternative to bank wire transfer. It is ideal for commercial payments between companies. Such checks also find extensive use for the payment of different fees and services. Modern banks issue bank checks even without the customer having an account with the respective bank. The check issue procedure is very simple and takes only a small time to process. Banks also send the issued bank check along with respective attached documents to a check beneficiaries home or business address.

Bank checks are perhaps the most economic way of international money transfer. It is especially convenient when small amounts of money are transferred because it is not necessary to make an extra money transfer. Modern banks sell and collect checks of other banks also, the value of which is denominated in convertible currencies.

Some advantages of bank checks include settlements with foreign partners. Bank checks make it possible to make settlements for products and services with foreign partners, meaning subscription can be made for books or publications, lotteries, goods and education at schools abroad. Even cash gifts can be sent through this way. A bank check is also a very convenient way of settlement if there is little information about beneficiary of the check.