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How to Clean Up Your Bad Credit.

Unsecured loans for bad credit are primarily designed to provide financial relief to individuals with a bad credit rating who may have been turned down by high street banks and other lending institutions. These sources of finance offer hope for people in this type of situation as funds may be granted without the borrower being subjected to a thorough credit check.

It is possible to obtain bad credit unsecured loans by fulfilling a few basic requirements in order to as certain that the borrower is eligible. The applicant must be at least 18 years of age and should be in receipt of regular income and have a bank account with a direct deposit facility. The debtor’s proof of income assists lenders in determining how much will be loaned to the applicant.

Bad credit loans generally have higher interest rates than other standard financial products. This is due to the fact that there is a higher risk of non-payment on the part of the borrower. Another factor that exacerbates the element of risk is the fact that these types of credit are unsecured. This means that the lender does not have any form of security so he cannot automatically seize the borrower’s goods in the event of non-payment. Because of the risks the amounts lent are also lower than with secure finance. If you are considering bad credit loans as a solution to your financial needs, it is a good idea to take the above factors into account and assess what is available to you. As lending institutions are now conveniently accessible online, it makes it easier to find those that offer the best deals and the lowest Annual Percentage Rate. This enables you to compare quotes to find the best product to suit your circumstances.

In addition to this, you may find that some lending institutions will offer you bad credit loans with no fees. This will work further to your advantage as it means that you won’t have to pay any additional charges such as upfront fees, service charges and processing fees. So the only sums you will repay are the amount borrowed plus interest. Repayments for these types of products are usually made monthly for a period of up to seven years. The interest rate and the monthly payment can be fixed for the entire period until the whole amount borrowed is repaid in full. This makes it easier for you to budget as you know exactly how much you will need to set aside each month.

It is important to note that if you are unable to make the repayments on time then you should contact the lender to see if you can come to some arrangement. If you repeatedly fail to meet the payments the lender has the right to take action against you, which could involve a collection agency or legal enforcement. As this could cause further damage to your credit rating it is important to reach an agreement with your lender as early as possible.

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Housing And Land Valuations: What To Expect.

Knowing the value of your housing or land is always a good thing. It will help you make so many more decisions and also help you to know what your estate is worth. If you are looking at selling either your land or home, then a valuation is also the best way to go for you. This means that you will never have to worry about getting less money that you deserve when it comes to your home, and you will also never have to worry about paying more than what a property is worth.

What to expect during a home valuation.

During a home valuation, there will be certain factors looked at, that will enable your valuer to determine how much your property is worth or how much you should get for it. When the valuers visit your property, they will measure it, and make notes about the details of it, such as the structure, any faults in the structure, the rooms, the layout of the house, the presentation and the fixtures and fittings. After this, any improvements made to the house will be looked at. If you have made recent improvements to the house that make it better, then you will be able to sell your home for a lot more than if you had only made certain improvements to it that did not enhance the functionality of the house. The age of you home will also get judged, as this is a big factor when it comes to pricing. Then the house will be compared with others of its type, meaning that an overall aggregate of its value will be reached.

What to expect from a land valuation.

When you own a piece of land, there are a lot of other factors that come into play, namely whether or not the land is for commercial, farming or residential use, and where it is zoned. You cannot for instance, sell a piece of residential land at the cost of a piece of commercial land, if it is not in the correct zone. There are some zones that do not allow for the operation of commercial business. A piece of land that is available for farming will be valued in how arable it is and also what types of produce it can grow. The better the climate and the more arable the land, the more expensive it will be. In terms of commercial land, the better located it is to arterial routes and ports, the more expensive it will be to buy.


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Working Capital Loans introduction.

Working capital loans are short-term loans that are used to finance daily business operations. While these loans are not intended for acquisition of long-term assets or investments, they can ease the handling of day to day expenses. Routine operational costs of a business may vary across businesses but in general, they are categorized into fixed and variable costs.

Fixed costs include expenses such as rent or employee wages while utilities (electricity, water, production costs etc.) are covered under variable costs. As you increase awareness about your product or service, you also require working capital for advertising and marketing campaigns. You may also use them towards inventory purchase.

Why Working Capital Matters.

With rising inflation rates and an unfriendly economy, many businesses are unable to generate the revenue required to fund their daily operations. As a result, business owners are often stressed out over stretching their funds to cover their business operations while funding other aspects of their business.

A working capital loan can help tide you over until your business gains a firm foothold and you are able to meet your day to day operational expenses. This can give you some much-needed breathing space during which you are able to continue business operations despite an inability to cover related operational expenses.

A significant cash infusion can make a huge difference to business performance. Gaining access to adequate capital can help you accept new orders that require increased production capacity or power up your marketing campaign to increase sales.

When Do You Need a Working Capital Loan.

You could require a working capital loan under different circumstances. These include starting a new business, during expansion or for restructuring your current business. Seasonal businesses also need funding to help them stay afloat during lean seasons.

Most lending institutions will require your company’s credit history, cash flow details and projected revenues to approve your loan application. Loan approvals can take as long as 2 to 3 months.

Types of Working Capital Loans Available.

You can gain access to different types of loans, depending on your profitability levels and credit history.

Debt Financing.

This is a great way of gaining access to working capital for those businesses that have run into debt and require funds for daily operations. However, you might want to be aware that debt financing institutions often have stringent criteria for loan approval and the process tends to be long-drawn and complicated.

Equity Financing.

You can also generate revenue by selling shares in your company to interested investors. Some businesses also offer a percentage of ownership to potential investors and use the cash infusion to fund their business operations.

While this is a good way of generating revenue, you are forced to share ownership (and profits) with other investors.

Special Government Subsidies.

Certain businesses enjoy the patronage of government subsidies that offer them loans at attractive rates. Businesses that are perceived as good for the country’s economy get preference for approval. For example, export businesses can often get approved for government subsidies.

Repayment Methods.

Working capital loans can be typically repaid in one of two ways. One is by offering a small percentage of sales towards repayment. This percentage/amount is decided at the time of application between the lending institution and the applicant.

Another way of paying off the loan is to pay a small amount on a daily basis from Monday to Friday. This method of repayment helps you build up a respectable credit history and reduces stress levels.


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Useful Bankruptcy Advice.

Deciding on bankruptcy isn’t the easiest decision. Many people see this option as a failure, but in reality it is a solution to help you get out of debt and enjoy a fresh start.

There are a number of different debt relief options available from consolidation loans to this option, which is why it’s important to do your research, determine what is the right choice for you and speak to a professional financial consultant to get the information and advice you need before making such a big decision, which will affect both you and your family.

There are many advantages and disadvantages to choosing bankruptcy to write off your debt. Understanding these advantages and disadvantages will help you make the right decision.

Looking at the advantages, you get a fresh start within twelve months. This type of option stays in place for around one year, after which you start your life anew, completely debt free.

Another advantage is that any unsecured debt is usually written off, which means that your debt is taken care of, stress is reduced and hounding calls from creditors comes to a stop.

There are thousands of people around the world who fear a knock on the door or when the phone rings because they owe so much money, this leaves them with serious insomnia, which affects every aspect of their lives. In some cases bankruptcy is the only solution to help them get back on track financially and improve their health.

Once you choose this option, you will want to find a financial advisor that can assist you every step of the way. The advantage to this is that you know all the forms are completed accurately and that the chances of your case being approved is increased.

This can only be approved through the High Court and is a detailed process consisting of petitions, statements and affidavits to prove your case. Once your case is approved, your assets will be used to pay off outstanding debts, your creditors leave you alone and after a year, you can start a new life.

During the year you cannot apply for credit, though you can open a bank account. You have to disclose to financial institutions that you are bankrupt and let them make the decision from there.

As mentioned, this type of solution comes with disadvantages, which you must be aware of. First and foremost please be aware that your assets can be used to pay off debts. This is especially true if you have used your home as collateral. Though you will be able to retain your appliances and possibly your vehicle, in some cases.

There are implications when it comes to your job. Depending on your position within the company and the industry in which you work, this will determine whether you keep your job or not. Company directors are not able to work while they are going through this process. Be aware of this and ensure you find out how this will impact your job for the next year.

There is a fee for choosing this option which makes up the court fees, ensure you have this money available to pay for the service and help yourself improve your health, sleep better and get the hounding creditors off your back.

If you are self-employed, there is the risk that you will have to close your business. This is something you may wish to discuss with your advisor to ensure you are completely aware of what will happen if you choose bankruptcy as your choice going forward.

There are a number of websites where you can get sound bankruptcy advice, enabling you to make the best decision that will help you and your family moving forward.


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Factors to Consider Before Applying for Commercial Loan.

When you are in business whether as a sole trader or a company, there will be times when the business cannot generate enough cash flow to meet its ongoing operating expenses. Your need for cash will also arise when you will expand business operations and purchase much-needed business assets. If you are a business owner and experiencing cash flow fluctuations, your next step should be to consider getting a commercial loan.

A commercial loan is also called a business loan and it can be set up for you, whereby you can use the proceeds of the loan to fund large capital expenditures or operating expenses that your business may otherwise be unable to afford. You will need to consider a number of options when deciding on a commercial business loan. Here is a list of options you should consider:

1. You will have to decide on the type of acceptable security you want to provide (e.g. residential, commercial or industrial).

2. You will have to decide if the securities taken by the lender/credit provider consist of Registered 1st or 2nd Mortgages, and

3. You will have to decide on the loan type (e.g. Interest Only or Interest plus Principal), the maximum loan size and the maximum loan-to-value ratio (LVR) percentage.

If you elect to fund your large capital expenditures or operating expenses with a commercial loan, you should consider all of the following factors:

1. If your business requires working capital or is at an important stage of development that requires a capital input, a short-term commercial loan may provide an effective solution. This loan is taken out for short-term and has a pre-determined exit date.

2. If you are considering purchasing a commercial property to either operate your business or to create a commercial property, you may require a longer-term commercial loan.

So, these are the main options and factors to think about when you are deciding to expand your business operations or generating enough cash flow to meet the ongoing operating expenses of your business. If you are confused about anything regarding commercial loans or want to seek expert help, you can consult a finance broker. He/she will understand your business requirements and suggest the best financial solution.

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Get Out of Debt for Less With Debt Settlement.

If you have too much debt and stress, now is the time to stop this destructive cycle and get the help you need from a debt reduction program. This article teaches you the principles of debt settlement, one of the most popular forms of debt relief.

What is a debt settlement?

Debt settlement is also known as debt arbitration, debt negotiation or credit settlement-is a debt relief approach where negotiators communicate with creditors on your behalf to settle your debts to reduced and agreed to amounts. Only unsecured debt such as credit cards, medical bills and personal loans can be negotiated. You can’t settle mortgages, rent, utility bills, cell phone and cable charges, insurance premiums, car loans, student loans, alimony, child support, taxes or criminal fines.

Once you enrol in a debt settlement program, your negotiation team opens a trust account for you. You must deposit up to 50% of your unsecured debt into the account over a period of 24-60 months. This money is used to settle your debts with creditors. Because the average debt settlement firm is for-profit, you must also pay the company a 15-25% service charge. This fee is based on the original amount of your unsecured debt or the amount negotiated, depending on the debt settlement company.

Most debt arbitration companies use a third-party escrow service to “warehouse” the money that they will later use to fund the settlements they negotiate for you. Sending money to your trust account is generally done through ACH on the same day each month. If your checking account is with a bank where you also have a past due loan or credit card balance, it is suggested that you use a different bank for your debt settlement program.

Here are three things that a debt arbitration company must tell you before you enrol in their program:

1. You must be given an “upfront estimate” in writing of all costs associated with settling your debts to reduced and agreed-to amounts.

2. You must be given an “estimated timeframe” to reduce your debt.

3. You must be told that debt settlement can adversely affect your credit score.

Here are some examples of what a debt settlement company cannot tell you:

“We can eliminate 50-70% of your debt.”

“We can cut your debt in half.”

“Debt settlement will not affect your credit score.”

“Calls and letters from creditors will stop once you enrol in a debt settlement program.”

“Debt settlement does not affect your taxable income.”

“Once you join a debt settlement program, you will no longer have to communicate with your creditors.”

If you are considering debt settlement, here is what you need to know first:

1. Debt settlement will not solve your careless spending and savings habits. The only way that you will ever achieve lasting financial freedom is to apply the dynamic laws of financial recovery to your everyday life. These smart-money principles will help you to establish spending and savings habits that are built on solid bedrock. They are discussed in a separate article entitled “The Dynamic Laws of a Successful Financial Makeover.”

2. Debt settlement should not be confused with bill consolidation, another form of debt reduction. Bill consolidation-also known as interest-rate arbitration-takes your high-interest credit cards and loans and consolidates them into one, low-interest loan that you can afford. In other words, you’re taking out one loan to pay off many others. Bill consolidation does not reduce the outstanding balances that you owe to creditors. It only lowers your interest rates.

3. One of the primary reasons that people choose debt arbitration is to avoid filing for bankruptcy protection.

Here are five reasons why the consequences of bankruptcy can be overwhelming:

  1. Bankruptcy stays on your credit report for 10 years and adversely affects your credit score.
  2. Bankruptcy will follow you for the rest of your life. For example, many loan, credit card, and job applications ask if you have ever filed for bankruptcy protection.
  3. Bankruptcy cannot eliminate alimony and child support obligations as well as criminal fines.
  4. Except in very limited circumstances, bankruptcy cannot wipe out student loans.
  5. Bankruptcy cannot prevent a “secured creditor” from repossessing property. “A bankruptcy discharge eliminates debts, but it does not eliminate liens. So, if you have a secured debt (a debt where the creditor has a lien on your property and can repossess it if you don’t pay the debt), bankruptcy can eliminate the debt but it does not prevent the creditor from repossessing the property.”



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Facts You Should Know About Obtaining A Patent.

A patent is an intellectual property right that gives the holder not an operating right but a right to prohibit the use by a third party of the patented invention, from a certain date for a limited duration (usually 20 years).

Some countries may at the time of registration issue a “provisional patent” and may grant a “grace period” of one year which avoids the invalidity of the patent to an inventor who disclosed his invention before filing a patent in a non-confidential basis with the advantage of allowing rapid dissemination of technical information while reserving the industrial exploitation of the invention. Depending on the country, the first “inventor” or the first “filer” has priority to the patent.

The patent is valid only in a given territory. Thus, the patent remains national. It is possible to file a patent application for a certain country (INPI for France, the USPTO for the U.S., JPO for Japan), or a group of countries (with the EPO for 38 European countries, filing a PCT application for the 142 signatories of the Treaty). In that sense, a patent application may cover several coutrries.
In return, the invention must be disclosed to the public. In practice, patents are automatically published 18 months after the priority date, that is to say, after the first filing, except in special cases.

To be patentable, besides the fact that is must be an “invention”, must also meet three essential criteria:
1. It must be new, that is to say that nothing similar has ever been accessible to the public knowledge, by any means whatsoever (written, oral, use………) and anywhere. It also should not match the content of a patent that was filed but not yet published.
2. It must have inventive step, that is to say, it cannot be obvious from the prior art.
3. It must have industrial application, it can be used or manufactured in any kind of industry, including agriculture (excluding works of art or crafts, for example).

When a company believes that its competitors are unlikely to discover one of its secrets during the period of coverage of any patent, or that a company would not be able to detect infringement or enforce its rights, it can chose not to file which carriers a risk and a benefit.
The risk: If a competitor finds the same process and obtain a patent on it, the company may be prohibited to use his own invention.
The advantage: If there is no patent, the method is not published and therefore the company can expect to continue operation in theory indefinitely. However in practice, someone will probably find the idea one day but the duration of protection may end up longer in total. This system of trade secret and therefore non-patenting is sued in some cases by the chemical industry.


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Are you Prepared for Your Retirement?

There are many principles most individuals follow as a guide in everyday living but when it comes to financial planning and investing using a self employed retirement plan, choosing the best principles to apply is important. As much as possible learning from the experts in this field is highly recommended. Account holders of self employed retirement plans can greatly benefit from the proven financial principles because these could determine the growth of their retirement funds. What are these principles and how can you apply these in your retirement?

Set goals.

What do you want to achieve in your retirement? What are your goals and how do you plan to execute each of them? These are some of the questions you would want to ask yourself when planning for your retirement.

Free yourself from debt.

You can consider yourself absolutely financially free if you have zero debt. Peace of mind is the greatest prize you can get if you get yourself out of debts.

Investing for the future.

Saving money for the future is good but saving and investing at the same time is the best solution! Keeping your money in the bank with interest rates that cannot even keep pace with inflation will not suffice the kind of life you want to achieve in your later years. What you have saved for the longest time may just be enough for your daily living expenses in retirement. If you want to fully enjoy your golden years and make dreams into reality then maximizing your savings through investing makes a lot of sense.

Investment diversification.

Having two or more investments will make you worry less about having your self employed retirement account dormant from earnings. Passive investment like trust deeds or mortgage notes is recommended. In case your other investments fail to deliver, you have other back up.

Preparing for unexpected.

This makes a lot of sense because in the first place this is what retirement planning is all bout it. We never know what life would be in our later years and that is why preparing for unforeseen events is relevant. Accident, sudden illness, death of loved ones, job loss, poor business are some of the unexpected things we need to prepare for. If you have a generous amount in your retirement funds, worrying about any of these things would not be a major problem.


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The Optimal Liability Insurance for Your Business.

You want to protect your business in the most effective possible way with the use of liability insurance. For this to happen, you need to make several important choices. One of them is how much cover to buy.

The following information and advice will help you with making this major decision:

Cover Amount Basics.

You should have a clear idea of the limits set on the liability insurance amount. there is a typically limit per occurrence. It sets the maximum amount which can be used for settling the claim or claims related to a single accident. There is also an aggregate or period limit. It defines the maximum amount which the policy can pay out during the respective insurance period, which is typically one year.
Additionally you should check whether the cost of the legal assistance which you will get as part of the policy is wrapped into the total cover amount. If this is the case, you will have less money available for settling claims. You must take this limitation into account, if it is applicable to your policy.

Risk Assessment.

The liability insurance amount which you buy have to correspond to the risk of a liability claim against your company. In order to assess the risk level, you need to take into account the nature of your product or service, the clients which you have and the claim statistics for your industry as a whole. If you provide financial advisory services, for example,you face a higher risk. Similarly, if you work with clients such as children or seniors, the likelihood of an accident is also greater. at the same time you can measure for risk reduction such as providing safety training to employees.

Revenue and Wealth Assessment.

When a claim is made, the claimant always takes into account the ability of the defendant to pay in order to determine the size of the demanded compensation. This is why it’s essential for your liability cover amount to match the revenue and wealth of your company. In this way you will get the most effective protection.


You should definitely set up a budget to have a precise idea of how much you want to spend on a liability policy. You should try to get the maximum possible cover amount for the money which you can spend through comparison shopping. You have to confirm that you will not remain underinsured.

Last, but not least, you should definitely consider using professional help when determining the optimal liability insurance amount for your business.

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Revenue probe 150 individuals over offshore tax scheme.

As reported by Ian Keogh in The Sunday Business Post, more than 150 high net worth individuals are using an elaborate offshore tax avoidance scheme to wipe massive sums off their tax bill.

A syndicate of 153 people is using the controversial tax tactic, which apparently centres on moving complex financial instruments and dividends through secretive offshore “tax havens”. The Revenue Commissioners has identified 239 separate transactions involving the scheme, which is now the subject of a wide-ranging investigation by the Irish tax authority. Further investigations reveal that the syndicate was arranged by a major Irish accountancy firm, which cannot be named as the scheme remains subject to challenge.

Revenue documents reveal that the 153 individuals purchased a right to a dividend from a company in a tax haven. They are claiming that the dividend is not taxable. In addition, they have claimed a loss from the trade, which they wanted to offset against their tax bill in this jurisdiction. Documents obtained by the Sunday Business Post state that the transaction is now under scrutiny by the Revenue Commissioners. Revenue learned of the scheme in recent months, as a result of a so-called protective notification system. The system allows for tax practitioners to inform the Revenue of details of any potentially controversial tax schemes. Revenue has used the system to weed out potentially illegal tax dodges.

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