Credit Managing

Most of the people have debts or credits in varying forms such as mortgage loans, student loans, and auto loans or loan in the form of credit card balance to be paid by him. Availing loan from financial institutions has become some thing that can not be avoided by a person these days. Borrowing money from financial institutions in times of need is not a bad thing until you make default in repayment of the loan.But having too much debt may spoil a person's life by causing never ending financial problems to the borrower. In such case you will have to analyze your financial security by finding out your debt to income ratio.

Managing your credit – Is it a difficult task?

Finding out your debt to income ratio is known as the best method to understand whether you are overloaded with credits beyond your repayment capacity. While calculating the debt to income ratio includes both good and bad debts of yours to get the correct picture of your present financial condition.

If you want to calculate the credit overload of your bad debts just add up the total of the amount that you are paying for repayment of your bad credits to your monthly income. Then multiply the number that you are getting from this calculation with hundred to find out the percentage. The result will be your debt to income ratio. Now you will be able to know the exact percentage of your monthly income that you are spending to repay a bad debt. If the debt to income ratio exceeds 10%, you will have to do some thing to manage your credit as it is an indication to the fact that you are over loaded with credits.

Managing total debt

The same method of calculation can be used to analyze your total debt picture by including both good and bad credits. Add up all your payments including the credit card payments, student loans, rent, child support or alimony etc. while you calculate the ratio of your total credit position.

If the final out put is below 30% you have nothing to worry about your financial position and if it exceeds 40% you should do some thing to manage your credits that goes beyond your repayment capacity.



Source by Bikash Kalita

4 Most Important Things to Know About Florida Motor Vehicle Dealer Surety Bonds

When you're considering the start of a new business, such as an auto dealership, there are many different steps you'll need to take, and many different requirements you'll need to meet. When it comes to obtaining your Florida auto dealers license, there are numerous specifics, and one of the most essential will be obtaining the proper Florida dealer bond insurance.

Use this guide to find the 4 most important things to know about Florida motor vehicle dealer surety bonds, to make sure you handle everything you need in the right way.

1. Dealer Bonds Are Always Required:

There are 10 different Florida auto dealers license types according to the Florida Department of Highway Safety and Motor Vehicles, but regardless of which type you have or need, you will need to have Florida dealer bond insurance in place. That requirement remains consistent, however, other factors as described below will differ.

2. Different Amounts:

Depending on the type of license you are operating under, you'll need Florida motor vehicle dealer surety bonds in different amounts. All motor vehicle dealers in the state need a $ 25,000 bond, for example. However, recreational vehicle dealers only need a $ 10,000 surety bond.

Additionally, you'll also have the option to pursue a line of credit in the same amount, as opposed to traditional Florida dealer bond insurance. This is a less common option though and often places more potential burden on the business owner. It may be easier for you to obtain though, depending on credit statuses and so forth.

3. Deadlines and Renewals:

In the state of Florida, motor vehicle dealer surety bonds are set to expire annually. However, different license types will have different expiration dates, so it's important not to make any assumptions.

For example, Independent Dealers, who have a VI license and sell only used vehicles, have an expiration date of April 30. However, Franchise Dealers with VF licensing, who can sell both new and used cars, have a December 31 expiration. Recreational vehicle dealers, both RV and RU licensing, expire on September 30.

These differenting dates are important to keep in mind, because if you miss your renewal date, you can unknowingly be committing a serious crime, and face major consequences. The dates are also different so as to reduce processing time across the year instead of having one major rush.

4. Other Requirements are Necessary:

Florida dealer bond insurance is one of the primary requirements for licensure. However, it's certainly not the only one. You'll also need proper garage liability insurance with the correct established minimums, and you'll need to ensure you file the right HSMV paperwork with the right fees, get a Federal employee ID number, get fingerprinted, undergo pre-licensing training, and more.

Hopefully by now you've learned more about Florida motor vehicle dealer surety bonds, and the different needs and requirements, and varying steps in the process. There's a lot to sort through, but having all the information available upfront will make everything much easier and smoother.



Source by John Rothschild

5 Auto Repairs You Can Do Yourself

When it comes to auto repairs and an auto warranty, there are many items that need to be adjusted by a qualified mechanic, but there are also many items that a do if yourser can undertake. In some cases auto repairs can be easy to do, but you need to know your limits and your level of acuity when it comes to repair work. There's nothing worse than trying a repair only to have it cost you more money to have your mistake fixed.

Keeping your car viable and on the road for as long as you can requires routine care and maintenance to keep it running smoothly for years. Additionally, a car that's in good repair will take you from point A to point B without having to worry about a breakdown on the side of the road. It's also been shown in recent years that individuals are driving their cars an average of 10 years, so this means it's even more crucial to keep it in good repair.

There are several repairs you can attempt on your own with your vehicle and they include replacing your wiper blades. Being able to see the road is obviously critical and changing wiper blades is simply a matter of buying them, following the instructions on the package and swapping the old for the new.

Replacing bad fuses is also a do it yourself project. If you find your vehicle's lights are not working or other items are out of whack, it could be a fuse issue. Locate the fuse box in the car, test the fuses and replace the blown one.

Your car's air filter needs to be kept clean to keep your engine in good running condition. The filter is located in the engine and can be easily swapped in and out with a new one with a few turns of a screw.

If your head or tail lamps are not working, you should be able to install a new one on your own. You will need to be able to access the headlight assembly, remove the harness that holds the bulb in, replace the bulb, attach the wire harness and you're good to go.

Changing the engine oil and filter is a bit more involved than the other items but some people find that with a bit of time it's a money saver. Your owner's manual is the best place to start as it will show you the location of the oil plug and oil filter. You will need an oil filter wrench and a socket wrench to do the task. Once you've removed the oil plug you will need to drain the old oil, change the filter and then refill the oil reservoir.

For a committed do it yourselfer, there are some auto repairs that can easily be tackled. Most of us, however, find it easier to take the car to a mechanic and have the necessities done right the first time.



Source by Shannon Paulk