Bad Credit Consolidation Loans: How To Find A Lending Company

Some of us have incurred several debts over a period of time and find them difficult to re-pay. Well, getting bad credit consolidation loans is an excellent solution around this. There has been an increase in popularity with consolidation loans over the past few years and there is a surprisingly large number of lending institutions ready to offer a helping hand. The types of consolidation loans on offer are vast and flexible to each client.

Normally, the best way to pay off multiple debts is to find another loan with a lower interest rate. This effectively means that the balance of your debts will decrease while only a single lump sum will be due each month. It is not easy to find such loans, but with the proper research of the lending institutions in your locality, you can get one that will offer you very good rates.

It is important to find out if you can get a personal loan with your employer or a credit union. Most employers are willing to give their employees a total sum of the debts they owe as a lump sum loan. Typically, the interest rates charged are much less, but it is good to consult with the appropriate persons involved in order to get constructive feedback.

Most credit unions are willing to give loans for bad credit if your paycheck is set to pay it directly. Therefore, be on the look out for such loans as they can assist you to pay off those debts with high interest rates. They not only clear up your debts but they clear them quickly.

Several credit unions and banks are willing to offer loans off your car. This deal also includes those with bad credit since if you own a car, it can be a very good way of clearing up your debts. But ensure that you keep your car safe and properly maintained, and it is wise to consider the year model because some banks can turn down a loan request if the car model is too old.

Therefore, the older the car, the more interest you will pay since compare your existing debts with this kind of loan before allowing the bank to verify ownership and appraise the car.

It is also good to take a closer look at your home before going to apply for a loan. This is because home equity can get you a better, lower interest consolidation loan. Depending on the size of your equity, you can take out a loan that lasts as long as thirty years and this would be the most effective way of clearing all your bad credit. But with the housing and property market slump, this has become a diminishing source of loans.

Thus, with the several methods of clinching bad credit consolidation loans, it is wise for you to do comprehensive research to find the best rates available. Scout the internet because most reputed lending institutions have a web presence. Remember that debt consolidation does not actually lower the total amount of debt, it only changes the circumstances required to pay it since making life a bit easier.



Source by Susan Westbrook

Personal Budget – 7 Guidelines That Will Help You Plan a Working Budget

Setting up your personal budget requires a hands-on approach. The following guidelines will help you plan a working budget to undertake this journey.

1. Gather all your financial details. That will include all of your bank accounts, credit cards and insurances papers – anything to do with your personal finances. These details will be needed to start your budget.

2. List all sources of income. This includes salary, rental income and regular dividends and interest.

3. Categorise your expenses starting with your commitments – list each item under headings such as:

  • Home: mortgage or rent.
  • Association and professional fees.
  • Insurance: health, motor vehicle, home, contents and life
  • Education costs
  • Day care and child care
  • Loans: car loan, student loan, bank fees and interest
  • Land tax or rates.
  • Other payments required as a commitment: motor vehicle licensing.
  • Investment – yes commit to your future and pay yourself!

4. List necessities – again list each item under headings:

  • Food, groceries, gas (petrol), home maintenance, security.
  • Utilities: gas, water, electricity, rubbish disposal, phone costs
  • School lunches, household supplies, car maintenance, internet service, dry cleaning, monthly parking.

5. Other expenses. Personal everyday expenses covering: lunch at work, snacks, coffee, drinks, newspapers, magazines, batteries, postage. Family and personal allowances: parties, entertainment, weekend outings, movies, concerts, other entertainment and events, home improvements and decorating, magazine and other subscriptions, dining out and fast food. Also include: clothing, hobbies, personal recreation, books, CD’s, manicures, hair care, alterations, shoe repair, personal and family gifts, gardening, film processing, video rentals, sports and gym, donations, computer software and other related items.

6. Once you have all your expenses listed add the total expenses and deduct these from your income. You will need to convert everything to monthly or weekly. This means that bills that are paid once a year must be divided by 12 to get the monthly figure. Convert quarterly payments to an annual figure then convert this to monthly. It is important that you include bills that are paid other than monthly to ensure that the money is available when the bill is due. Place the money in an interest bearing account.

7. Do you need to tweak your budget? When you deducted the expenses from your income was there any money left or did you find your expenses were more than your income? If your situation is the latter you will need to do some tweaking. The commitments cannot change. As for necessities you may be able to cut down on food expenses and find cheaper providers of utilities or try to save costs by being conscious of switching off lights etc. But it is the other expenses category that has the most capacity for tweaking as many of them are not needed and can be reduced or cut out. Review your budget regularly to make sure it is still working for you.

The time to start a personal budget is now and these guidelines are designed to make sure that your budget is truly a working budget — one that works for you!



Source by Lyn Bell

5 Video Games You Should Play Before You Die

5.) Halo 3 (2007)

Why: The Halo series is one of a kind. It brought friends together to blast one another in an epic space combat. Halo 3 is perhaps the best of the series when it came to the glorified multiplayer, with a dramatic storyline with absolutely no shortage of opera music cues and a hardy character customization. Many titles still try and replicate what Halo did and it just can’t be matched.

4.) Minecraft (2011)

Why: Minecraft is one of the best-selling video games of all time, so you would have to be living under a rock as a gamer to have never come across it. You get to create your own world basically and do whatever you want. If you think it, then you can create it. The nice thing about Minecraft is it is offered on almost every platform, including smartphones. This game is good for letting your mind wander and become an artist.

3.) Super Mario 64 (1996)

Why: Mario is one of the most known titles, but anyone can tell you this might be the best game in the franchise. The game is not like any of its predecessors because this was the first 3D platform game in the series. It is a bigger world than the ones before and the additional moves and jumps Mario can do makes the game fast-paced and more exciting. There are a total of 120 stars and the game has a ton of replay value. Mario platformers are still being made today and none of them still cannot come close to how good this game was.

2.) Legend of Zelda: Ocarina of Time (1998)

Why: Everyone has their favorite Zelda game, but Ocarina of Time encompasses the best features from the glorified series. There is a huge world that you have the freedom to explore, a magnificent score, and a truly remarkable origin story. The dungeons are not too challenging, but intricate enough to not get too mad when you can’t figure a puzzle out.

1.) Pokémon X and Y (2013)

Why: Whether you are a kid or an adult, with this franchise that never seemed to matter. Pokémon revolutionized what it meant to make characters like Pikachu come alive. They modernized the handheld multiplayer gaming and made it what it is today. X and Y is one of the newer titles, which is great because the game never stops using the old characters the adults grew up on.



Source by Clayton Carlisle

Best Prepaid Credit Card Features

The best prepaid credit card is one that allows you to rebuild your credit while helping you to avoid all the extra charges and pit falls of regular credit cards. In today’s economy this is an important and valuable alternative.

It is legitimately argued, that the credit card mess was widely due to people buying things with credit that were way above their means. However, there were also people who were responsible consumers that simply got into trouble due to timing rather than careless spending. Even a day or two late, a computer glitch with an online payment, etc. tacked on an extra thirty-five dollars in late fees plus interest charges. Some card companies even offer convenient online payments, but charge a fee to do that as well. Soon you’ve spent more in fees than you ever spent in merchandise. The best prepaid credit card is the one that helps you avoid all this nonsense.

To find the best prepaid credit card, one must do some responsible research. The Internet can be a great resource for information on prepaid cards. You can also check with your local financial institutions to see if they offer prepaid credit cards. Be sure to ask questions about policies, fees and any possible benefits.

One of these possible benefits should be a credit building program. Since prepaid credit cards are essentially cash secured, really, they are just like a debit card, the best prepaid credit card would eventually allow the cardholder to show good credit management at very low risk to the card issuer and gradually extend non prepaid credit to the cardholder, thereby raising the credit score. As far as fees go, most prepaid cards charge a small fee to open the account, much like a regular bank account, and will generally charge a fee for redepositing money into that account once the initial amount has been used.

Regardless of the benefit, it is still important to choose the best card for the individual and remember to always read the fine print. Be careful to avoid scams and unknown or unfamiliar financial institutions and never allow yourself to reenter the pitfalls that caused the issue in the first place.



Source by Louis Zee

The Future of Auto Mobility and Insurance

Mobility has taken over every industry and has dipped its proverbial toes in the auto insurance industry as well. With GPS and accelerometers as high-tech accessories, mobile technology for the automotive industry too has come a long way and has many miles to go. In an age where digitization and mobility is one of the bare necessities, most auto insurance providers are lost under heaps of paperwork. That's the reason why the concept of auto mobility has shifted its focus to the insurance industry.

A combination of mobility solutions – telematics, analytics and communications, has facilitated the burden for auto insurers through information on driving style, collection of the same, analyzes and reports that benefits all the stakeholders.

User-Based Insurance (UBI)

Insurance providers struggle with allocating premium amounts for their clients. Despite their best calculations, they have incurred losses. Traditionally, insurance companies calculate premiums based on driving records, vehicle use, previous claims, insurance scores based on credits and so on. Policyholders believe that these promotions are usually a fixed value.

Telematics technology will change the face of auto insurance through the usage-based insurance (UBI) pricing system where clients pay as per their usage, driving behavior that is. Pay-as-you-drive gives clients and insurers the freedom to calculate premiums based on not just driving records and vehicle usage but actual or real-time driving information.

Real-time Information

Telematics can calculate every minute detail of the client's driving style, including every hard brake, rapid acceleration, parking style, etc. Analytics will amalgamate, analyze and interpret this data, simplifying it to understand the driving patterns of the client and the risk (s) involved. This driving information will be shared with the insurance provider who can use the same to allocate the insurance premium amount for the relevant client.

Automotive insurance companies have realized the difference that real-time information makes in processing claims. With the ability to capture real-time data in the form of images, videos, driving information, etc., there will be adequate information to process a claim or to decide the insurance amount for a client. It will eliminate the possibility of modified data and increases the accuracy of information analyzed.

Time and Efficiency

Time is everything. Waiting for weeks for insurance agencies to process a claim can be painstaking. Insurance companies will soon provide every client a more personalized and expedited service. Mobile devices will enable evaluation of claims or consultation with clients in their comfort zone. In the case of an accident, real-time data can be captured in the form of videos or images, eliminating the possibility of improper claims or incomplete information, which can prove to be a loss for both parties. Automation will reduce paperwork and redundancy. At the same time, it will increase efficiency and accelerate processing of claims.

Management of Data

With the reduction of paperwork and introduction of technologically advanced analytics frameworks, managing vast quantities of data has become a child's play. Analytics use complex algorithms and mathematical equivalents to organize, analyze and interpret huge volumes of information. The ability to retrieve relevant information instantaneously and accurately will save a lot of man-hours.

Beyond Insurance

Mobility solutions for auto insurers come with additional services such as roadside assistance in case of an emergency, geo-fencing for parents to monitor their teenager's driving, customer engagement to ensure the loyalty of the client, driving suggestions and other customizable options. Insurance companies will be able to go beyond their regular services for the client's convenience.

Challenges of Telematics

However, there are a few concerns with telematics being used by insurers. Standardized regulations on data capturing and its process is still to be determined. This raises concerns for loss of privacy or misuse of data. The other concern is when the client wants to switch to another insurance provider. The new insurer might not accept their driving data as the method of data collection is different. This could result in the client losing his benefits and has to start from scratch.

Nonetheless, telematics technology is relatively new and is yet to take over the market fully. Like any new technology, there will be glitches which will be fixed in due time. These challenges will not be an obstacle for auto mobility to be integrated with insurance, as the pros of auto mobility outweigh the cons. Gradually all insurance providers will significantly rely on mobility solutions in order to develop their business and will become inevitable for auto insurance to use.



Source by Sud Gover