Wednesday, May 30, 2012

Home Loans With Bad Credit Attainable, If Three Guidelines Are Stuck To

For most of us, the dream of owning our own home is high on our list of priorities. The problem is getting the home loan needed to make it a reality. Unfortunately, such dreams fade as economic realities kick in and low credit scores become part of our financial history. But it is good to know that home loans with bad credit are still possible.

There is no doubting that a low credit rating does have an effect on loan applications and the sum that is possible. This is one of the biggest hurdles, but the fact does not completely block the opportunity to buy a home. In fact, bad credit home loans are nothing strange in the lending sector.

Often finding the best deal comes down to simply finding the right lender. When the best terms are found, then everything becomes more manageable. However, before such great terms can be enjoyed, it is necessary to get the home loan approved despite bad credit scores, and three steps in particular can help to make that a reality.

Treat Home Loans Differently

It might seem that a home loan is basically the same as a normal personal loan, but there are some factors that make them very different. This is especially true when looking for home loans with bad credit, a status that tends to result in increased interest rates and APR, and a lower limit to the amount due.

What this means is that shopping around is absolutely necessary. Going for the advertised rates at the traditional lenders, like banks, is not really a good idea, therefore. There are bad credit home loans with much better terms available on the internet especially.

All that is needed is to spend some time extensively searching for the best offers. But, of course, in order to get any home loan approved, despite bad credit, there are some preparatory steps to take.

Be Realistic

It is tempting to go straight for the home of your dreams, but there is little point in seeking huge home loans with bad credit having a major influence on the decision. Perhaps a beach front home worth 0,000 is what is desired, but realize that a beach view apartment for 0,000 is much more within your financial reach. A lender is more likely to approve a bad credit home loan for the second.

Remember too, that the value of property has fallen, which means that in many cases the price being asked for is actually above the market value. It is an idea then to have a property independently assessed to discover the true value.

An applicant is more likely to have a home loan approved despite bad debt if a lender sees the applicant is serious enough to weed out the real price.

Provide Evidence of Progress

Lenders are willing to acknowledge the realities of an economy, and that credit scores can sometimes not reflect the full picture. When it comes applying for a home loan with bad credit, showing a rating improvement, however small, can be beneficial.

The older repayment history, if impressive, can also show that circumstance was the reason for dropping scores. This can also be taken into account by the lender as part of the bad credit home loan assessment. But a show of good habits more recently is probably more convincing.

Getting a home loan approved despite bad credit requires more than just having the right credit history, though. Being realistic about what can be afforded is as important as the loan itself.

And remember, owning property is a marathon not a sprint. Which means attaining a home loan with bad credit to buy an affordable property now, is a chance to improve credit scores and financial lot to get your dream home in the future.

10 Clauses To Consider When Reviewing A Lease

Commercial leases can be extremely complex, but by analyzing certain common clauses, potential tenants can ensure a favorable lease for their organization. Here are 10 key components to evaluate when reviewing a lease.

1) Base rent clauses

Rental rates, the focus of most negotiations, represent the most direct monetary aspect of a lease. Tenants can negotiate for periods of free rent even when a landlord refuses to lower the basic monthly rent which can greatly reduce the average rent rates over a lease term.

2) Space measurement clauses

Your rental rate is also based on the size of your office space, but this measurement depends on treatment of common areas, lobbies and mechanical rooms, to name a few. Useable square feet, what you occupy, must be distinguished from rentable square feet, what you pay.

3) Renewal clauses

Before you move in, you must determine whether you will be able to stay. A renewal clause will ensure you can remain, based on a percentage of fair market value (90 to 100 percent) when your lease expires.

4) Sublease clauses

Often, subletting your space can turn you into a competitor with your landlord. Tenants should avoid agreeing to onerous provisions designed to limit this option. Examples of these limitations include restrictions on subleasing to neighboring tenants and owing the landlord 100 percent of any realized profits.

5) Operating expense clauses

In operating expense clauses, the landlord passes on his cost increases after a tenant first leases the space. They can significantly affect costs, especially for larger tenants, and should be examined closely.

6) Alteration clauses

Tenants should reserve the right to improve their space without an obligation to remove any infrastructure added upon termination of the lease. By doing so, they avoid an unknown liability at the end of the term. These clauses should also provide an equitable way to hire construction crews based on the tenant's choice, even when they are initially suggested by the landlord.

7) Default clauses

In addition to their use in times of financial distress, these clauses can also define certain infractions as tantamount to default. Tenants should examine the conditions carefully and include a suitable method as a remedy to avoid termination.

8) Relocation clauses

The landlord sometimes includes a right to relocate you to another space in the same building, perhaps to make room for a larger tenant. If you must accept this condition, at least make sure any resulting costs will be paid -- such as moving costs, IT/phone cabling and installation, renovation of the new space, stationery, etc. -- and ensure the new space will offer the same functionality, quality and access.

9) Personal guaranty clauses

Landlords may require a personal guaranty clause for payment protection if they are unsatisfied with a tenant's credit. The tenant should ensure the individual signer is protected and off the hook if the organization vacates the premises promptly in case of default (known as a Good Guy Guaranty).

10) Surrender clause

A landlord generally includes this component to ensure the space is returned in a rentable condition. Allowances should be made for normal wear and tear during the course of the lease.

The above list provides a very elementary outline of some typical clauses in commercial real estate office leases. However, the tenant should enlist professional representation during any negotiation such as a real estate lawyer and commercial real estate broker as well as an established architect.

Tenants may also consider renegotiating their lease before its expiration. It is often possible to achieve more favorable terms through revision of the above clauses.
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Monday, May 28, 2012

Factors Determining Bankruptcy Attorney Fees

Bankruptcy attorney fees are charges that legal professionals charge their clients for services offered. This is financial reward to bankruptcy attorneys for their legal assistance. Depending on the nature of the legal assistance offered this bankruptcy attorney fees normally vary from one bankruptcy process to another and the type of the client that is seeking the service.

Bankruptcy attorney fees paid by parties seeking services of bankruptcy attorney depend on a number of factors. Many bankruptcy attorneys operate as professionals from various law firms. This therefore means that the bankruptcy attorney fees charged by attorneys will depend on the law firm or bar association that they come from. Well established and known bar association or law firm may charge higher bankruptcy attorney fees compared to newly established law firms and bar associations.

Type of bankruptcy process is another factor that determines the lawyer fees. Process with demanding legal proceedings may be charged higher fees compared to a process that requires less legal proceedings. It is important also to note that bankruptcy attorney fees may be influenced by the type of creditor involved in the bankruptcy process. Generally, fees will be lower when it comes to bankruptcy process involving individuals and higher in process that corporate clients are involved.

Another factor that determines the bankruptcy attorney fees charged on parties seeking bankruptcy attorney services is the legal requirements. Many government and other authorities require law firms and bar association to pay tax from their operation. Depending on the tax rate therefore the fees charged will be influenced by the legal requirement to pay tax. The type of fees also will determine the amount of such fees paid. Some bankruptcy fees may be fixed or contingent.

In addition, attorney fees will be dictated by the duration of the bankruptcy process or the span of time that a bankruptcy case is heard and resolved. Processes and cases that have taken long period of time before they are concluded are normally charged a higher bankruptcy attorney fees compared to cases that have taken a shorter time to be concluded. Consequently, the time limitations imposed by client or by circumstances will determine the amount fees charged.

Another important factor that determines the amount is the type of the bankruptcy attorney handling the bankruptcy process. Experienced bankruptcy attorneys in law matters are likely to charge a higher amount compared to less experienced attorneys. It is also a fact that bankruptcy attorneys who have handled well known bankruptcy processes and cases may charge a higher amount due to high preference by various clients. The nature and length of bankruptcy attorney and client relationship determines the amount to be paid by such clients. Well known clients may be granted some discounts by their attorneys which mean such fees will be less compared to a newly known client.

Number and availability of bankruptcy attorneys is another factor that determines the amount being charged. When bankruptcy attorneys are less and their demand is high, the amount charged to their clients will be higher compared to when we have many attorneys available and their demand is less.

It is important fact that the operating environment of bankruptcy attorney determines the amount that will be paid by parties seeking the services of these professionals. Attorneys are likely to charge the fees that are charged by other similar law practitioners in the locality. The presence of competitors in the environment will influence the attorney fees charged. A more competitive environment may make the fees charged to be lower compared to a less competitive environment.

The Sacramento Bankruptcy Attorney will definitely help those people if they have filed for bankruptcy so that, the common people do not get over burdened with the debt which will be impossible for them to pay back. Click here for Bankruptcy lawyer Sacramento

Experienced bankruptcy attorneys in law matters are likely to charge a higher amount compared to less experienced attorneys.Visit for more details.

Friday, May 25, 2012

Viewing Properties 10 Things You Must Carry

If you are active in real estate investing, you probably see a few houses every week. The consistency with which you close deals is largely dependent on what you do when you see the houses.

Here are ten things you must have with you at all times whenever you go to see a house.

1) Flashlight
When you go to see most houses, you are likely to find the utilities disconnected. This applies to most vacant homes you will go to see.

Always have a flashlight with you in your car at all times. It comes in handy.

2) Face mask
As unlikely as this sounds, I have found it necessary several times I have gone to look at houses. I don't mean a ninja type of face mask, but the type that covers your nose and filters the air you breath.

I once went to see a house that had been vandalized, including the copper in the plumbing. By the time the city turned off the water, the house had flooded a few days.

I have since visited several properties you just cannot breath unless you cover your nose.

3) Hand sanitizer / insect repellant
Lots of vacant houses stink and are infested with fleas.

You touch dirty doors, knobs, etc and end up being infested with fleas. I always spray my shoes with insect repellant and sanitize my hands after I am done.

4) Digital camera / Video camera
The good thing is that most people now have digital and video cameras in their smart phones. Get yourself one if you do not have one, it combines many useful tools in one. Always take some pictures and even video when you go to see your houses.

While we are at it, sometimes I use my smart phone to record voice as I explain things I would otherwise forget. It's easier than taking notes.

5) Calculator
Obviously you must carry a calculator. Again my smart phone calculator is more than enough.

This is one tool you will always need, whether you are estimating repairs, making offers, etc.

6) Screwdriver, hammer
To access properties that are boarded up, you will need these. The only way to gain entry is to un-board it, then re-board it when you leave.

7) Deal analysis
Before I go out to look at a property, I have already pre-screened the seller and have a pretty good idea about the repairs it needs. My visit to see it is simply to confirm and see it first hand.

So I always make sure I have done some comps and come up with some ball-park offer even before I go there.

Of course, the numbers can change if the reality on the ground tells a different story. Always be prepared to make an offer before you leave. Of course, by the time you are going to see the house, you already know what they are asking for the house.

Most motivated sellers will accept your offer right there.

8) Purchase agreement
You must sign a contract as soon as the seller accepts your contract, not later. I generally prepare a contract before I go to see the house and leave out some blanks that can change later.

9) Business cards
Most motivated sellers know others in a similar situation. Pass your business cards to them, they might refer more business to you. Of course, remember to promise a gift if they refer their friends.

10) Yard signs
As soon as I get a house under contract, I put a We Buy Houses sign on the yard, with the owner's permission. You can get a lot of extra business from these signs.

Wednesday, May 23, 2012

Getting High on OPM to Grow Your Real Estate Empire

OPM = OTHER PEOPLE'S MONEY. This is money which you might borrow from banks, finance companies, insurance companies, friends, etc. It also is that money which YOU might raise in a stock offering or through the sale of limited partnerships to buy real estate.

No matter how YOU raise the money, OPM is MONEY YOU PUT TO WORK TO EARN MORE MONEY. Today people don't boast about how much money they have-instead they boast about how much they owe! No longer is it a shame or a disgrace to owe money. In this modern age, the more you owe to others for business and property deals, the bigger your position in the world!

You must have heard the saying that 'you've got to have money to make money'. What you need is other peoples money to get rich. The famous 17th century author, John Ray rightly wrote "Money begets money." It is OPM that creates the financial leverage.

One of the greatest advantages of real estate investing is the power of leveraging other people's money or OPM. In real estate investing we buy real estate with 10% or 20% down and yet we control100% of the property. When a property appreciates, it will appreciate on the total value of the property and not on the initial investment amount. This can increase returns many fold.

By using Nothing Down techniques you can use the ultimate leverage of OPM of buying property with little or no money down. Thousands of people have become millionaires by using the power of financial leverage in real estate investment.

Your goal is to not use your own cash. The most successful real estate investors use OPM (Other People's Money). Keep this in mind as you start to invest. You must hold on to your funds to meet any contingencies. Use OPM to buy as many properties you can that can be supported by your cash flow.

Why use your own money when so many people and businesses are willing to let you use theirs? Banks, institutions and private investors are willing to give loans for real estate investments because property is tangible, fixed and a secure asset. But before you run to the bank to borrow heaps of money you should understand how leveraging works.

Real estate OPM can come from a variety of sources with the most common being a bank. There are also individual investors or groups of investors looking to fund real estate purchases in order to get a steady stream of income. Getting equity partners is a great way of funding when the returns along with the risk are high which a normal bank will not fund.

Retirement plans and insurance funds are a great source of real estate investment funds.Many people don't even know they can use their retirement plans funds to invest in real estate. Most people forget they even have money in a retirement account once it is stashed away. Dead equity in your residential house can be used to fund your investment properties.

Many real estate investors think that money (or lack of money) is what stops them from buying real estate. This is not true. It is a myth that holds many investors back. Understand that money is NEVER an issue. IF the deal is right, the money will come. Simply think creatively, go to the right source of funds and simply ask for money. The worst that can happen is you get a "NO". Each no only places you closer to a "YES".

You will be surprised to find how many banks, institutions and individuals are willing to fund your real estate investments. Just look for them in the news papers or do a search on the internet. Find a good mortgage broker. Write to the lenders and meet them with your proposal. Try and understand the lending criteria. Money is never an issue when it comes to a good investment property.

Every lender is different and have different lending criteria's. You have to be creative and customize your proposal to the specific "hot buttons" for each funding source.

Owner or vendor financing can be a great source of OPM. When you find motivated sellers, they will be open to many of your suggestions. By listening carefully to the seller's stated needs you can custom tailor a solution that meets those needs. If you can find a solution to their problem it will make them happy and they will be able to leave some money in for you.

Vendor financing is nothing more than the owner being willing to act as a finance company or bank in a real estate transaction. Instead of you going to a mortgage company and filling out a lengthy application form many sellers will be willing to play the part of the bank if you are able to solve their problem and give them the required confidence.

Credit cards are a great source of short term funding for real estate investors.If used judiciously they give access of up to 50 days interest free financing. Pay off your balance every month and you have access Other People's Money. This money can be used for down payments and quick do ups before either flipping the property or refinancing the property for no money down deals.

Tenants form a useful part of OPM strategy. If you invest correctly, your tenants pay 100% of all expenses, including the mortgage, with true passive income left over for you each month. Since the real estate correction started, getting positive cash flow property has never been easier. Tenants maximize OPM and maximize your wealth!

Before using other people's money (OPM) to increases your real estate investing power you have to first build good credit relationships, prove to be trustworthy in your past credit dealings, and have a good FICO credit score. When you use OPM you must calculate how you're going to repay the individual or institution who loaned you the money. Remember using other people's money has been the way many honest poor men have become rich.

It is important for you to protect your self from claims against you when you are using OPM. This is because at times things go wrong in spite of your best intentions and commitment. You have to set up right legal structures before you start your real estate investment plan. As long as you are operating as a corporation the debt is assigned to your business and debtors can make no personal claims against you. Any prudent real estate investor will separate all their business activities from their personal assets by incorporating proper structures at the onset.

Using Other Peoples Money correctly gives you a chance to building enormous wealth quickly. All you need is to have a great investment property to match the money you borrow and you're off on a glorious road to creating wealth. The other advantages of OPM are:

*Having money makes you work harder and you will have a greater chance to hit it big.

*With money in hand you can concentrate on the real estate aspects of each deal, improving your chances of success.

*Money in the bank, even borrowed funds, gives you more confidence so you work relaxed and close more big deals.

*Cash on hand can help you to obtain large discounts on cash offers.

*Having money readily available allows you to buy property at a discount while your competitors are fumbling around to find the needed cash.

*Lastly, with cash in your hands, people chase you for deals. This gives you independence, freedom of action, and the ability to make the best deals for yourself.

Never overlook the importance of having money in your pocket even if it is OPM. It may seem silly but it's true. OPM can put you in a money-making state of mind. You can earn more because you have more!

Sunday, May 20, 2012

90-day Moratorium To Relieve Colorado Foreclosures

Lawmakers in Colorado just announced their plans to provide a 90-day or three-month moratorium to homeowners who are facing foreclosure threats. Headed by Gov. Bill Ritter, state leaders also announced that Countrywide Financial Corporation will provide million to help the state in assisting homeowners who might have foreclosed properties.

This fund will be used to prevent and solve Colorado foreclosures. Around 7,000 homeowners are expected to benefit from this fund, through option-ARM loans and modifications on subprime loans. Through this rescue fund, borrowers may experience low interest rates of up to 3.5 percent for up to five years.

Rep. Mark Ferrandino authored the proposal of having a 90-day moratorium on foreclosures. This moratorium will only be given to qualified homeowners, or those who have good records on paying their debts and those who have good financial situations. Upon receiving a foreclosure notice, a person should immediately get with a Housing and Urban Development-certified counselor to get assistance on their financial situation and how they can go about it.

The counselor would then decide if the owner is indeed capable of paying their mortgage in the future. If a homeowner is considered as a good candidate, he or she will have an additional 90 days to look for a solution to prevent having foreclosed homes.

This proposal, however, got neutral opinions from other banking and financial institutions. The Colorado Bankers Association, for instance, said that it is neither in support nor is it opposing the proposal. According to its chief executive officer Don A. Childears, it is best to allow the market to heal and bring balance to the housing industry.

On the other hand, Gov. Ritter stands firm in his decision to provide solutions to alleviate and reduce Colorado foreclosures. He is supported by other state representatives, such as Sen. Morgan Carroll, who says that 78 percent of homes in nearby states are also facing the risk of foreclosure. Colorado leaders continue to express the need to take action on the current situation, since foreclosures have effects beyond the individual homeowner, but also to the whole community, and the country as a whole.

David Ogilvy - The "Father of Modern Advertising"

David Ogilvy is considered to be the "father of modern advertising." His methodologies and professional philosophies revolutionized the marketing industry, and they continue to play an important role in the marketing industry today. The foundation of his marketing principles was comprised of four major components: research, creative brilliance, professional discipline, and results. These components are incredibly important to look at and very helpful to owners of businesses - large and small.
Research
Research is one of the cornerstones of the Ogilvy's marketing success. This is because his background was in research, and this is what he knew. David Ogilvy felt that the success of any marketing campaign was dependent on the amount and quality of research that the marketing professional did. He felt that it was very important to know the target demographic that you were trying to reach before you started working on the advertising campaign. Do you invest a lot into researching tactics and products that are offered by your competitors? It's something to consider and think about...
Professional Discipline
Professional discipline was another cornerstone of Ogilvy's marketing philosophy. This element of his philosophy put a great deal of stock in the importance of professional training. Ogilvy felt that knowing your craft was as important to a successful marketing campaign as the creative aspects of the campaign's design. Again, this is one of those points where it's good to do some self-evaluation. Are you well-versed and skilled in your profession? Are there some things that you should brush up on in order to make you more effective and valuable to your customers and clients?
Creative Brilliance
Another important element of the Ogilvy marketing machine was creative brilliance. Ogilvy felt that generating the Big Idea" was key to the success of a marketing firm, and a marketing campaign. Ogilvy himself was credited with several "Big Ideas" during his career including the slogan, "at 60 miles an hour the loudest noise in this new Rolls-Royce comes from the electric clock" and many, many more.
Results
The final element of Ogilvy's successful marketing philosophy was results. He felt that creative genius was basically useless if you couldn't sell your ideas afterward. This means that successful marketing executives not only needed to be creative professionals, but they also needed to be able to sell themselves and their ideas to their clients. Are you seeing results from your efforts? Do you have metrics in place to measure the effectiveness of your marketing strategies?
Learning More About David Ogilvy
During his life David Ogilvy wrote three books on marketing and his marketing philosophy. These books included "Confessions of an Advertising Man" published in 1963, "Blood, Brains & Beer" published in 1974 and "Ogilvy on Advertising." All of these books are great reference materials for marketing professionals and small business owners.
David Ogilvy's strategies are ones that we try to employ daily at CCA. We work hard to research new business avenues, refine our customer service, sharpen our design skills, improve our websites, and create useful tools for our clients. We are a results driven company. How do we measure results? We measure them in the number of happy, satisfied customers. We aim to please every customer that orders business cards from our company.

Saturday, May 19, 2012

Panama Canal Timeline

The Panama Canal is world famous for the unprecedented water travel it enables between the Atlantic and Pacific oceans as well as the magnitude of engineering innovation that facilitated its construction. The history of the Panama Canal dates back hundreds of years before construction ever began, with several failed attempts causing setbacks. Before the first ship sailed from the Atlantic to the Pacific via the canal in 1914, the voyage to the other side required circumventing South America, a feat in itself adding thousands of miles and many days to ship voyages.

Some of the major developments leading to the present day Panama Canal, a vital catalyst for world trade, are outlined as follows:

-1534: Charles I of Spain leads the first survey of the area to evaluate the potential construction of a canal connecting the two oceans, with surveyors reporting that the project is unfeasible. Spain eventually discards interest in constructing the canal.

-1869: United States President Ulysses S. Grant commands surveys in Mexico and Panama, which at the time was a Colombian province.

-1880: After numerous failed attempts by others, the French Canal Company begins construction on the canal in hopes of creating a waterway between the Atlantic and Pacific oceans. Challenges such as a difficult terrain, laborers contraction of deadly tropical diseases, a faulty design and a shortage of labor quickly arise. Within a couple of years, workers are dying almost every day.

-1889: French work on the canal halts as the French Canal Company disbands.

-1903: The United States, led by President Theodore Roosevelt, supports Panama in its revolt to gain independence from Colombia. Only fifteen days after Panama wins its independence, a treaty is signed between Panama and the United States outlining specifics of the canal plan and giving the United States control over the ten mile wide canal zone.

-1904: Construction begins on the Panama Canal, employing thousands of laborers and costing around 0 million.

-1914: The first ship travels through the waterway after ten years of construction.

-1977: U.S. President Jimmy Carter signs treaty agreeing to hand over control of the canal to the Panamanians, with both sides vowing that the canal will remain neutral, safe and available to all ships.

-1999: The United States formally relinquishes complete control of the canal and its operations to Panama on December 31st.

Today, the Panama Canal is a crucial element of worldwide commerce. An expansion of the canal approved by Panamanians in 2006 is expected to begin in 2008 and cost in the neighborhood of .2 billion.

Which Type Of Credit Card User Are You?

From a consumer perspective, credit cards can be a safe and useful way to pay for things, whilst simultaneously building a decent credit score. However, a lenders perspective takes into account what kind of spender you are. Keeping reading to discover what type of credit card user you are and what kind of credit card habits you are associated with.

The Responsible User

If you are a responsible user, you are disciplined and you stick to a reasonable budget. You rarely have to pay interest fees because you tend to pay your balances in full and on time every month. As a result, you have an excellent credit score and never have to pay additional fees for late or missed payments.
Although lenders don't make money from responsible users in terms of interest rates, they still profit because they make money from transaction fees. Responsible users are viewed very favorably by lenders because they can be relied on to pay back everything they borrow, which means that lenders have more funds available to lend to other users.

The Minimum Payment User

Minimum payment users don't often pay their balances in full. They do, however, pay their bill on time each month by utilizing the minimum payment option. Sometimes they pay a little more than the minimum payment, but they usually carry some kind of debt around with them for years at a time.
From the perspective of credit card companies, these customers are very profitable to have around. They rarely pay their balances in full and therefore, they are usually charged interest fees. This is where credit card companies make most of their money.

The Shopaholic User

Shopaholics like to spend. Unlike the Responsible User, the shopping lovers are more likely to exceed budgets and credit limits. They are very likely to accumulate large credit debts that take a long time to pay off.
Credit card companies benefit from this type of user because they can be charged higher interest rates as well as late or missed payment fees. For this reason, any purchases will end up costing considerably more than The Shopaholic User bargained for. Big spenders are advised to stay away from credit cards and opt for cash or debit instead.

The Beginner or College User

Young people, such as college students, often obtain a credit card but have little understanding of how to use it properly. With very little income and only a small budget, the young borrowers could benefit from low credit limits. By charging only one or two small purchases a month to their credit card, beginner users can begin to build up their credit score even if they are not earning much.
From the lenders perspective, beginner's users can be profitable as their lack of awareness can lead them to make costly mistakes, such as using their credit card for cash advances or missing payments. In this way, lenders are able to victimize novices for their innocence and inexperience.

The Former User

If you are a Former User, you probably have a few credit cards which you keep open but, for one reason or another, you no longer use them. This could be due to previous problems with debt or dissatisfaction with credit cards in general, changes in income, or perhaps recognition of the risk of over-spending. Sometimes these users will use their credit cards for emergencies only and sometimes they will never use their cards again. They tend to keep their account open because it contributes to their credit score.
Credit card companies miss these users and often attempt to entice them back with special offers and incentives. This is especially the case if the user was previously a Responsible or Minimum Payment user.

Lenders love credit card users who will make them money. These tend to be those who are vulnerable to high interest rates, such as Shopaholic Users, or those who make innocent mistakes, such as beginners. The Responsible Users, who pay their bills in full every month, help to keep the credit card companies running smoothly by ensuring that lenders have a constant supply of funds to lend out to those they can charge with high interest fees.

Friday, May 18, 2012

Career Goals For Teachers

Teachers are vital for igniting young minds and shaping the future of a nation. Career goals for teachers are a must to make them more efficient and productive. Know more about them in this article.

It seems quite a simple and formal task but writing career goals increases focus and concentration. This goes true only if you're making efforts to achieve your goals. If your actions are propelling you in the right direction, writing your goals frequently and then meditating on it, even for couple of minutes daily, helps you to remain focused. Goal setting has several other professional advantages. It is always required in your resumes and profiles. You're expected to sum up your career goals within few sentences and lines. This demands clarity of thoughts regarding your aims and objectives. Career goals for teachers, just like for any other professionals is essential to break free from the monotonicity of doing same tasks every day. No matter you're a kindergarten teacher or university level professor, writing career goals for yourself, will help you to achieve holistic personal and professional growth.

How to Write Career Goals and Objectives for Teachers

Writing career goals for teachers must not be a difficult task. Teachers can try to foray in other fields or develop new hobby and skills. Numerous examples of career goals will reveal to teachers that they can include anything in their career goals, right from teaching a subject in a new way to their personal life goals, like achieving work life balance. Some essential points that teachers must give a thought to while writing career goals for themselves are:
1. Think of the area you feel you need to improve yourself. Write your professional goals and personal life goals, in two separate columns, in a notebook.
2. It is better to write your goals and objectives in points, in short sentences. Try to put your goals in words but not more than one sentence.
3. Make a record of your actions for achieving your goals on a daily or weekly basis.
4. Career goals for teachers in their profession may include organization goals, enhancing teaching skills, improving student participation in class, adopting effective teaching strategies, better teacher parent communication etc.
Sample Career Goals for Teachers

There are various areas in which teachers can improve their professional work. Even the veteran teachers can try to sharpen their organizational and teaching skills. The more efficiently a teacher will plan his or her strategy for working, better will be the teaching experience as well as the career development path. Good teachers, mind you, are always assets for an educational institute. Similarly, when it comes to teaching, incorporating interesting ideas and methods to teach students is one of the most ideal career goals for teachers. Here is the list of some career goals examples that teachers can include in their goals and objectives list.
1. Incorporate the use of technology in classrooms to enhance understanding of students.
2. Spend some time on alternate days in a week to improve vocabulary and general awareness of students.
3. Motivate students to read books by conducting 'reading sessions' in classroom, at least once or twice a week.
4. Build stronger professional relationships with other teaching staff.
5. Plan teaching work based on every week basis.
6. Continue learning by keeping oneself updated about latest developments in the interest area.
7. Help first year teachers in work and solve students queries regarding suitable career path.
8. Instill confidence in special children by giving them focused and goal - directed instruction.
9. Read some popular books about teaching and try to bridge the parent teacher student communication gap.
10. Manage time effectively to balance work and personal life. Plan ahead of the day regarding tasks and duties to be carried out that specific day.
11. Organize desk and children files for recording information properly.
These are just some of the short and long term career goals for teachers. Besides, career goals statement examples and teachers can write their own goals. Making goals can surely help you improve your teaching career. So teachers if you have no written goals, it is the time to write some and enhance your work.

Thursday, May 17, 2012

Family Business Secrets

As a longtime business consultant, I talk to business owners each day. Key ideas for remaining vital come up all the time when I am conversing with clients and employees. Here are just five I would like to share as we prepare for fall's traditional uptick in the marketplace.

Host an Event

Open your office for a networking opportunity, a business briefing or a breakfast. Get clients and prospects through the door. If your budget is lean, partner with a complementing business. For example, if you are a real estate broker hosting first-time home buyers, allow a mortgage company to provide catered food and coffee.

Meet with Advisors in Person

Ask your A-Team (think your lawyer, CPA, benefits consultant) to meet face-to-face. Discuss changes in your operations, ask for discounted fees or propose performance-based billing in exchange for a renewed commitment to do business together.

Conduct Informational Interviews

Some genuine stars, the best and brightest managers, salespeople, financial planners and artistic professionals are seeking work right now. So, too, are high-energy college graduates. Meet with themeven if you do not have a job opening. Fifteen minutes may inspire a job seeker to share industry insights. It also may inspire you to bring on a consultant until a full-time position is available.

Sharpen Your Sword

So you have sold widgets for 15 years by doing X, Y and Z for five hours a day. You are still doing X, Y and Z, but your sales are down by 50 percent. Stay sharp. Take classes online, listen to training experts and shake off old habits that no longer yield results. A new economy requires fresh tactics in every industry. Moreover, what worked during exponential growth in the Valley may not guarantee success in today's conditions.

Target International Clients

Our city is on the map, so think globally. Equip your office with web conferencing technology, attend seminars on international outreach and etiquette, discuss foreign currency billing with your aforementioned A-Team and track headlines. Create a customized approach for non-U.S. markets seeking a presence here. If you do not, your competitor down the street will.

Tuesday, May 15, 2012

Behavioral Finance Theory

Behavioral Finance abandoned the quest of the efficient markets theory to find a rational, mathematical model to explain fluctuations in asset prices. Instead, behavioral finance looked to psychology to explain asset valuation and why prices rise and fall. The primary representation of market behavior postulated by behavioral finance is the price-to-price feedback model: prices go up because prices have been going up, and prices go down because prices have been going down.

If investors are making money because asset prices increase, other investors take note of the profits being made, and they want to capture those profits as well. They buy the asset, and prices continue to rise. The higher prices rise and the longer it goes on, the more attention is brought to the positive price changes and the more investors want to get involved. These investors are not buying because they think the asset is fairly valued, they are buying because the value is going up. They assume other rational investors must be bidding prices higher, and in their minds they "borrow" the collective expertise of the market. In reality, they are just following the herd.

This herd-following has long been a valid investment technique employed by traders known as "momentum" investing. It is not investing by any conventional definition because it relies completely on capturing speculative price changes. Success or failure often hinges on knowing when to sell. It is not a "buy and hold" strategy.

The efficient markets theory does explain the behavior of asset prices in a typical market, but when price change begins to feedback on itself, behavioral finance is the only theory that explains this phenomenon. There is often a precipitating factor causing the break with the normal pattern and releasing the tether from fundamental valuations.

During the Great Housing Bubble, the primary precipitating factor was the lowering of interest rates. The precipitating factor simply acts as a catalyst to get prices moving. Once a directional bias is in place, then price-to-price feedback can take over. The perception of fundamental valuation is based solely on the expectation of future price increases, and the asset is always perceived to be undervalued. There are often brave and foolhardy attempts to justify these valuations and provide a rationalization for irrational behavior. Many witnessing the event assume the "smart money" must know something, and there is a widespread belief prices could not rise so much without a good reason. Herd mentality takes over.

Is The Income From Pipeline Welding Jobs Worth It? Details Inside

Many large and small scale industrial projects require pipeline welding jobs, to be performed as part of the overall completion of the project. The income you can achieve from these types of jobs is pretty interesting. We will get to what these jobs have in store for you, and whether or not there is good income to be gained throughout the course of this article.

Pipeline welding jobs, like other welding jobs, have a level of danger involved. It requires you to be focused. Your welds on those pipes will be under scrutiny by welding inspectors, to ensure that your quality of work is worthy.

There are many areas and environments in which people do pipeline welding jobs. Oil refineries, chemical plants, power plants, tunnels, and in a variety of outdoor environments are just a few examples. Also, as a pipe welder, you will be exposed to varying weather conditions while you work in the field. This can make welding far more difficult if you have unforgiving weather to deal with. The hard work goes on, usually non-stop for many hours.

There are several welding processes that are utilized to facilitate the joining of metals. Not all welding processes can be used for any welding job. Pipe welders prefer the SMAW process or shielded metal-arc welding and TIG process or tungsten inert gas welding.

You also have what is referred to as positions with regard to pipe welding. You will only be allowed to weld in the positions, and to the specifications in which you are certified to weld. The positions in pipe welding, refer to the positions of the pipe, not the positions of the weld. There are four positions and these are 1G, 2G, 5G and 6G. Pipe welding omits the 3G and 4G positions since they don't exist for this kind of welding.

To further flesh out the details on the positions used for welding pipes for pipeline welding jobs. The 1G position has the pipe placed flatly and rolled. The 2G pipe position has the welding on the pipe done horizontally, however the pipe is placed vertically. Now in the 5G pipe position, the pipe is placed similarly to the 1G position, but it is fixed and not rolled or rotated during the welding operation. Lastly, the 6G position has the pipe on a fixed incline (usually 45 degrees) and is not moved during the welding operation.

When it comes to the income you can make from pipeline welding jobs, you stand to earn the most when you attain 6G certification. The income is far greater when you are a certified 6G welder than if you were only a certified 5G, 2G or 1G pipe welder. 6G welding combines all of the other four welding positions, which makes it the toughest to master. You will be able to weld in the 1G, 2G, and 5G pipe positions, if you can weld in the 6G pipe position. 6G welders have the ability to make six figures from doing pipeline welding jobs, annually.

Pipeline welding jobs as you can see, entails doing a lot of work. It is not a lazy man's job. Is it worth it? Once your welds can get past quality evaluation methods such as x-ray and you are generally a hard worker, you should have a bright financial future in this field. Pretty much anyone can do it, so why not give it a shot?

Sunday, May 13, 2012

Services Of Companies In Development Finance Uk

There is great advantage when you avail the services of companies in development finance UK. They do not only provide you the needed residential or commercial development finance. They most importantly assist you throughout the process of getting and utilizing the fund.

Development finance UK companies can assist businessmen or developers in preparing business plan. They usually have the necessary expertise in assessing the location, the market and the industry as a whole. They ensure that the proposal for residential or commercial development finance is likely to be approved by the lenders and will have positive returns in the end. Once the business plan is done, they look for appropriate lenders for the kind of project at hand.

There are lenders who specialize in residential development finance and there are those in commercial development finance. The companies in development finance UK are able to spot each specializations and source out the application accordingly.

The development finance UK is also the ones compiling finance applications. They are the ones providing feedback or status of the applications to the borrower. Aside from this, the development finance UK is the one who negotiate lenders for preferred rates and terms. For example if the developer is looking for a 100% development finance under mezzanine financing, the company in development finance UK will be the one to negotiate for the fund.

Approval and terms of 100% development finance will be based on the business plan and the background of the developer. All in all, the need for residential and commercial development finance is best met with the companies for development finance UK and they are there through the process of managing and delivering the finance application.

Saturday, May 12, 2012

Crystal Wine Glasses Tutorial

If anything is damaging to the health of adult females and kids, I would anticipate it to be hazardous to everybody, even if it is undertaking much less hurt. For the reason that people who use crystal wine eyeglasses every day for their dinnertime consume will be steadily accumulating compact doses of lead, will not they? Most posts do not focus on this, but I would use caution when it comes to lead crystal wine glasses.

The beneficial news is, you really don't will need lead to make glass more obvious. Given that the possible wellness risks involved with crystal glasses arrived to light decades in the past, businesses have elevated manufacturing of non-lead crystal glasses. Though these are not viewed as genuine crystal, they are also extremely brilliant. The most frequent lead substitute utilized is barium oxide, which does not have unfavorable results on overall health of lead.

Despite the hazards, crystal glasses continue on to be offered and persons continue on to acquire them. If you imagine worries about lead in the glass leaching into wine and entering our bodies is overblown, you still have many varieties of crystal wine glasses to pick from. The most nicely acknowledged brand name that has been approximately the longest is Waterford. Waterford crystal glasses are out there in quite a few types and for all distinctive purposes.

Choosing a stemware for ones assortment ought to be basic. You can not be incorrect with crystal champagne glass as nicely as other crystal stemware. It's just a make a difference of thinking of about what sorts of labels are out there. Which of them are recommended, what is new and what's not.

If you are thinking what a stemware is, it is a kind of glass which has a very long, slim stem, in which the glass bowl is positioned. It may well serve as the take care of, applied in between your bowl to the base of your glass. This specific stem is precisely what sets apart this kind of glass from option fashionable glassware. Apart from the distinctive layout of the stem, folks could also avert holding the outside of the bowl which could leave fingerprints, and will also grow the temperature of the consume.

The most well-known stemware in the current market are the wine crystal glasses,brandy snifters, cordial eyeglasses, champagne flute, and also cocktail eyeglasses. They are the most used stemware. Amongst the 5, the champagne flutes (or the crystal champagne glass), and also the wine glasses are the initial types to be ordered.

When picking out wine glasses or a crystal champagne glass, there are a variety of points to be thought to be. Observe that the glasses for individuals favorite red wine characteristic even bigger rims mixed with bowls than all those for the white wine. The darker the wine the greater will the bowl connected to the glass would be. On the contrary, sweeter wine matches a more compact bowl. The importance of this is the fact that huge-rimmed glasses let the wine to breathe though contracted rimmed consuming eyeglasses concentrate the scent of the particles inside of the wine.

Ahead of you decide to try and attain a crystal champagne glass or a wine glass, continue to keep in mind some of these ideas.

How To Get Money Back At Closing When Choosing A Loan

I'm pretty sure you don't know what Yield Spread Premium (YSP) is. It is hidden in most mortgage transactions until the closing statement is presented and home buyers are ready to close escrow and complete the home buying process. I didn't know what is was either. Even with "truth in lending" and good faith estimates, you're probably going to miss the YSP. THe problem is, when you pay YSP, you pay it over the life of the loan... more on that later.

I'm a computer programmer and I was brought onto a project to create a transparent mortgage tool to help consumers get a fair, honest loan. The really cool thing about the project was the main goal was to take the hidden YSP, that normally goes into the pocket of the mortgage broker, into a rebate back to the consumer. The consumer can then use that rebate towards closing costs.

I look at some old records and found a closing statement that had YSP at over ,800. I didn't even realize that I paid it. Probably because I didn't write a check for it. It was wrapped up in the loan, so for the next 30 years I will be paying interest on that ,800... which will double or triple the amount owed. That is when it hit me that giving that money back to the consumer is a really good idea. Image what you will do, if on your next home loan you can get ,800 or more back that you can use.

Our nations current economic conditions has made the consumer demand transparency in mortgage services,. So next time you get a mortgage, simply ask that mortgage broker if they are a member of the Transparent Mortgage network, and even if they are not ask if you can get the YSP as a rebate that you can use towards closing costs to help you secure your house.

Friday, May 11, 2012

Helpful Tips To Scottish Confidence Deeds

This critical financial state isn't sustainable in the long-term and may lead to financial meltdown unless people take action over their commitments and seek assistance. Luckily, there are alternatives offered to Scots fighting to maintain with debt; one of these brilliant is really a Scottish trust deed.

Simply how much do I must owe?
There is plenty of informative data on the Net in regards to the level of debt you should owe, some will tell you 5,000, others 10,000 and some also 15,000. The very fact remains that is is different between people, but what exactly is important is that you owe money to varied creditors.

Which obligations may be included?
Scottish confidence acts just include unprotected obligations, such for example shop cards, credit cards, overdrafts and loans. Because it is a secured debt any loan that is reinforced through an source can not be put into the trust deed.

Only just how much can I have to pay?
The cost will change between people as Scottish trust deeds are usually based on personal circumstances. The trustee might consider carefully your income and expenditure to arrive at a fair amount.

This number lets you cover necessary family expenses, such as for example bills, rent/mortgage, food and the like. Nevertheless, you'll must have enough disposable income to essentially make the trust deed feasible, so you can get to pay for over 200 each month.

The length of time does it last?
A trust deed typically lasts for three years, however in rare cases this is longer or shorter. As an example, if you were to get a windfall, possibly win the lottery, you could be able to settle your debts earlier in the day.

When does my Scottish trust activity become 'protected'?
It'll be sent to the creditors for approval and put into the Edinburgh Gazette, once your trustee is content with the idea. They will have five times to object, but as long as 67% of these buy into the plan, your trust deed will be given 'protected' standing -- even from those who voted against it. The whole process could take around 2 months.

What are the outcomes by the end of the confidence deed?
The rest of one's debt will be written off, when you reach the finish of the 3 years, if you've satisfied your entire monthly instalments in full and punctually.

In the end that people are often very suspicious about getting more credit, but as a Scottish trust deed should have distracted your credit report, it's important to start rebuilding your credit record.

How do I have the ball rolling?
Contact an Insolvency Practitioner (Internet Protocol Address) to do something as your trustee. They will look at your position and identify whether a trust deed could be the right solution for you personally.

Thursday, May 10, 2012

When Should Company Liquidation Be Used?

If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get expert advice about your possible options. One area which you will need to consider is company liquidation. The purpose of this article is to explain in simple language what company liquidation is and when its use might be appropriate.

The term Liquidation is used for the proccess of closing a company. The company's trading is stopped and its assets are sold and turned into cash or "liquidated". There are different types of liquidation depending on whether the company to be closed is solvent or insolvent. There are two simple tests to see whether a business is solvent.

1) The Cash Flow test asks whether the company is able to pay its creditors as and when the debts fall due.

2) The balance sheet test asks if there are more assets than money owed to creditors

If the answer to either of these is no, the company is insolvent.

If the company to be closed is solvent the liquidation procedure to be used is called Members Voluntary Liquidation or MVL for short. Simply put, the members or shareholders of the business decide to close it. The directors of the company have to make a sworn legal declaration that the company is solvent and if assets need to be sold, to pay debts, this must be possible within 12 months. The business is closed and all outstanding creditors paid. All remaining assets or cash is then the property of the shareholders of the business to do with what they wish.

One may ask why close a solvent business. There are a number of reasons why this would happen. Maybe the owner may simply want to close it because they no longer want to run it. Maybe the company is a family business where the owners and/or parents have retired and children or family do not want to run the business. Alternatively, a group of companies may need to be rationalised requiring a solvent business to be closed and its assets transferred into another company within the group.

If a business is insolvent and no further investment can be found or other arrangements with creditors cannot be agreed, then action must be taken to close the company. In this case there are two possible liquidation procedures:

The first of these is Creditors Voluntary Liquidation or CVL for short. A Creditors Voluntary Liquidation will normally be started by the directors and or shareholders of the business. The shareholders appoint an Insolvency Practitioner who will call a meeting of the company's creditors informing them of the company's insolvency and allowing them to appoint a liquidator of their choice. {{As such, the liquidation is approved by, and works for, the benefit of the creditors. The Liquidator's prime duty is to sell the assets of the company and distribute any proceeds to the company's creditors. The Liquidator will close the company, cancel any outstanding leases make any remaining staff redundant.

Secondly Compulsory Liquidation (or Winding Up). The act of Compulsory Liquidation is started by an aggrieved creditor who has not been paid. Such action can be started by any creditor who is owed more than 750 pounds which is not paid after a statutory demand for payment has been issued. The aggrieved creditor will employ a solicitor who asks the High Court to hear the argument why the company should be wound up. This is called a Petition. Notice of the winding up petition must be given to the company. Then if the debt is still not paid, a "hearing" is held in front of a High Court judge who then passes an order to wind up the company compulsorily. An Official Receiver (or Liquidator if appointed) will then close the company and sell any assets which will then be distributed across all of the company's creditors.

It is important to remember that the question of whether company liquidation is the most appropriate course of action can only be answered after a proper review of a company's circumstances. If as a Director, you believe that your business is in trouble, you should get further advice from an expert as soon as possible.

For Company Directors it is very important to note that you MUST NOT allow a company to continue to trade which you know is insolvent. If your company is eventually liquidated because it is insolvent, the Liquidator will have a duty to review the conduct of you as a Director to ensure that you have acted properly to minimise creditor's losses. If the Liquidator decides that you as a director have acted badly, they can accuse you of wrongful trading. If this is upheld, then you can be made personally liable for the company's debts from the time you knew the company was insolvent. As such, getting the appropriate advice about company insolvency is a must.

Wednesday, May 9, 2012

Gross Domestic Product Not A Good Measure Of Economic Health

The percentage of growth in GDP is used, at times, to measure health of the economy. The United States GDP estimate has been downgraded recently to just a couple percentage points. News reports often cite the Gross Domestic Product to explain the health of the economy. Economic progress, however, is far too complicated for one number to measure. The GDP is simply outdated. Article source - Why GDP is not the best measure of economic growth by MoneyBlogNewz.
What you need to know about the Gross Domestic Product
The entire value of goods and services in a country is represented by the GDP. GDP began as a measurement of the standard of living in various countries, however it is used in several other ways. Finding the GDP takes a special formula. It calls for adding up government spending, exports, gross investment and private consumption. Congress was given a report of Gross Domestic Product in 1934 for the first time. Simon Kuznets put it together. Decisions were made by the Federal Reserve on this. That is what the GDP was good for.
The information measured by the GDP
The limitations of the Gross Domestic Product have been clear for a long time. The "real" Gross Domestic Product is released by the Bureau for Economic Analysis that adjusts the number. Without that adjustment, the GDP would always appear to be growing with the rate of inflation. The Consumer Price Index, which is a way of measuring the inflation or deflation of the cost of most household goods, also has no impact on the Gross Domestic Product. Even though the American has less income if households go up by 400 percent, the GDP will go up.
Comparing GDP with credit card
Since negative numbers aren't taken into account, the Gross Domestic Product has the biggest problem with that. To translate the Gross Domestic Product in terms of a household budget, it would be as if you calculated the health of your household finances based on how much money you spent -- both in cash and on your credit cards. There are several things left out. There is the possibility a mortgage payment won't be made, the spending budget could be damaged and eventually the cards have to be paid. Measuring the economic growth of the United States -- or any country -- based solely on Gross Domestic Product is too simplistic to be accurate.
Citations
The Money Alert
themoneyalert.com/GDP.html
Blogging Stocks
bloggingstocks.com/2010/09/10/economists-lower-2011-u-s-gdp-growth-forecasts-to-2-5/
Investopedia
investopedia.com/study-guide/cfa-exam/level-1/macroeconomics/cfa3.asp

Tuesday, May 8, 2012

Family Guy Gets Texas All Wrong

Family Guy is currently in its ninth season. The show has become a cultural phenomenon watched in almost every major nation in the world. The show was canceled after its third season and again, briefly, in 2008. The TV show takes place in a fictional town in Rhode Island and follows the middle class Griffin family as they approach controversial topics and talk about current events and celebrities.

In Season 5 Episode 15, the baby of the family eats too many wafers and chugs red wine at a church service causing him to throw up. The members of the church immediately come to the conclusion that the baby, Stewie, is possessed by the devil.

The Griffin family flees Rhode Island to visit relatives in Texas. From this point in the episode clear until the end of the show, Family Guy constantly pokes fun by using stereotypes about Texas that paint Texans as a crude, unintelligent, and radical people.

On the way to Texas, Brian, the family's dog, says We're going to Texas in search of religious tolerance? That's going to be like getting Sneakers O'Toole to take his sneakers off. While Texas is known for its over sized mega churches, the state is home to a growing number of Hindu, Sikhs, Buddhist and Muslim residents. In the year 2000 the US Census counted approximately 400,000 Muslims and 128,000 Jews in the state, the majority of whom live in the Dallas and Houston metro areas. 53.6% of the Texas population reported their religion as Protestant or Catholic in the 2000 Census. However, this hardly means that the state's citizens are religiously intolerant.

When the family reaches Texas to stay with the mom's (Lois) sister, they find the house is empty. It is at this point in the storyline that they meet the neighbors. The male neighbor introduces himself and his wife saying that she is a homemaker and I am a queer chaser and beater. Brian replies by telling Lois these Texans are socially backward and politically they are all stubborn as a mule. Brian continues to claim that Texas is a bad place because it is a red state full of right wing nut jobs. Eventually Brian goes to a liquor store to purchase liquor where he is given a free gun. The liquor store employee explains to Brian that it is Texas state law to get a free gun with every liquor purchase to which Brian replies, This place officially sucks worse than the WNBA.

The Griffin's two oldest kids, Meg and Chris, sneak into President George Bush's ranch home in Crawford, TX on a dare from other kids. Inside the house there are pictures of President Bush and Ronald Reagan, President Bush and Saddam Hussein, President Bush and Osama Bin Laden and President Bush and the Devil. When the kids meet the President he gives them a can of beer and imparts a life lesson about honesty, integrity and cold filtered draft beer.

The final insult to Texans is when Peter goes out to brand a cow with his new found friends. Peter, the father, tells them he is mentally handicapped and could have never had this much fun in Rhode Island where he is from. The men angrily strap Peter to a homemade electric chair and one of the men says In Texas we execute the retarded.

For renters who are looking to move into Lewisville, TX apartments, the show is a far cry from what can be expected from the community. The entire show is not an accurate depiction of the residents who live in Lewisville Apartments, or the rest of Texas for that matter. According to the Family Guy portrayal Texans are all idiotic have no tolerance or sense of culture. The show seems to focus on intolerance of sexuality, religion, mental ability and decry's Texas's protection of gun ownership rights and political affiliation. The reality is that Texas is more racially, religiously and culturally diverse than many other states in the USA. The people in Texas are kind, generous and understanding. The state has become a top destination for residents leaving other states as well as for immigrants moving to the United States for job opportunities.

Seth MacFarlane and the Family Guy writing staff should visit Texas and get a real picture of what the state is like if they ever decide to run another episode bashing Texas. Perhaps they should check out a UMoveFree review to get a better depiction of what Texas residents are like.

Sunday, May 6, 2012

Payday Loans-cash Support Within Short Time

Need a financial help that comes with speed and convenience? Mid month financial gaps are troubling you a lot and demand a quick attention? You need to know more about payday loans as this is a short term help that can be best suitable for your current circumstances. These loans are basically crafted to offer financial support that are salaried employee and often get insufficient to meet their monthly expenses.

If you are experiencing an unforeseen financial emergency such as school fees, an unexpected medical bill or car repair just when you can least afford it, payday loans is the apposite answer. The lender allows you to borrow small loan money that can be ranges from 0 to 00 for the time period of 14 to 31 days.

Unfavorable credit ratings might be the concern for availing an external loan help but with payday loans Georgia, it is not at all the matter of concern. The reason is that these loans are free from time consuming credit verification process. Don't worry if you are tagged with CCJ, insolvency, bankruptcy, foreclosures etc, you are applicable without any issue.

Its short term nature make it unsecured by nature and thereby does not demand any collateral from you. You can freely get the additional cash till your next paycheck without facing any risk of pledging valuable asset. It removes all the hassled collateral assessment procedure and related paper work.

If absence of collateral is charging slightly higher rate of interest from you, make a systematic online research. Comparing various loan quotes from different lender will help you to avail a deal with better terms and conditions.

If financial stress is crushing you because you are out of money, at that time payday loan can become a real lifesaver for you.

Saturday, May 5, 2012

Var Historical Simulation Method

We know one shortcoming of historical simulation (HS) is the result highly depends on the choice of sample data length, and VaR result does not vary often or changes suddenly. Despite this weakness, HS is still popular due to its obvious advantage: easy to implement, and no distribution assumption required, which is especially appealing if the estimate of distribution assumption is difficult.

Several ways have been proposed to improve HS's performance, here are two selected methods with good results I personally use. The first one is named The Best of Both Worlds: A Hybrid Approach to Calculating Value at Risk by Jacob Boudoukh1, Matthew Richardson and Robert F. Whitelaw. By hybrid it means this approach is a combination of parametric method and HS. The basic idea is since we can allocate larger weight to recent data and smaller weight to remote data for exponential weighted moving average (EWMA) volatility calculation, hence improves the backtesting performance of parametric method, why can't we then apply a similar principle to historical simulation? does it make sense? so it estimates the VaR of a portfolio by applying exponentially declining weights to past returns and then finding the appropriate percentile of this time weighted empirical distribution. It does improve compared with the vanilla historical simulation and EWMA parametric method based on empirical results.

The second method is named Incorporating Volatility Updating into The Historical Simulation Method for Value at Risk by John Hull and Alan White. The idea is to "adjust" return based on the ratio of current volatility to the past volatility, and use historical simulation on the adjusted returns. Supposing today's volatility is 20%, while volatility was say, 30%, then past returns obviously exaggerate the current market situation if used directly. The empirical results also shows this method even outperforms the first one.

Normally few lines of codes are enough for this adjustment, please read my post for the empirical results.

Thursday, May 3, 2012

Digitalizing the World from Online Payday Loans to Distance Learning

The internet has become an integral part of our global and American culture, shaping the future by touching nearly every aspect of human life: we bank online; we learn online; we shop online; we socialize online; we obtain payday loans online; we live online.

A primary reason for this life-altering phenomenon is the growing desire for instantaneous satisfaction. If you are hungry, you stop by a drive thru for fast-food; if you have a question, you do a Google search for an immediate answer; if you need quick cash, you request an online payday loan or cash advance. With the hustle and bustle of our daily lives, the internet has quickly become America's favorite, and possibly most valuable, resource.

The cultural shift from more traditional, and time consuming, face-to-face interactions to conveniently quick, completely digital relationships has reached beyond the binary-walls of social media networks, changing some of our most foundational institutions--namely, our schools and our banks. According to a 2011 PEW study, more than three-quarters of America's higher education institutions now offer online courses. These courses cover the breadth of America's capstone educational requirements, as well as vocational and elective options, allowing busy individuals an opportunity to obtain a college degree at their convenience and from the comfort of their own homes. However, according to the same study, only 39% of adults who have taken an online class do not find this method of teaching as effective, as thus as valuable, as a traditional classroom environment.

It appears that despite the rise in popularity of online learning, students aren't as satisfied with the educational experience that this medium provides. While there are a variety of factors that might cultivate this dissatisfaction, the most common complaints appear to revolve around the miscommunications that arise from the lack of face-to-face interaction. Human communication is more than just relaying words: tone, body language, and facial expressions all influence the way a message is received. In an online environment, this interaction is missing, as the printed word becomes the primary means to communicate and, thus, more confusion results. While video conferencing has established a place in distance learning and can eradicate some of the confusion associated with the misinterpretation of written words, it is still not the primary means of communication in this forum and is used sparingly.

Intriguingly, this isn't only an education issue. More American companies are appealing to consumers who do not like automated delivery systems and prefer to speak with company representatives in a face-to-face setting by advertising the value of interpersonal human communication. This seems to be a particularly popular trend amongst banks and investment companies. Although banking online is extremely common, many people prefer asking questions about their finances in person. The same goes for payday loan borrowers, who may be apprehensive about taking a loan without asking questions, and, let's face it, sometimes an FAQ link isn't a sufficient reassurance.

This raises a puzzling question: how can the modern desire for instantaneous results and convenience fit compatibly with the human desire for face-to-face interpersonal communication? Many institutions, including banks and colleges, have begun to provide solutions by employing a variety of mediums and forums for interpersonal transactions. Colleges have been discovering that hybrid classes offer a great mix of convenience and face time, while banks offer online, phone, and in-person services to aid costumers. Likewise, payday loan lenders are now offering online and phone services, rather than the old-school on-site services of the past.

Tuesday, May 1, 2012

Three Effective Ways To Consolidate Credit Card Debt Without Using Intermediaries

Debt consolidation is getting increasingly popular among people with large credit card balances as it allows them to save money on interest and pay down their debts faster. Despite common opinion that only debt consolidation companies may help in dealing with your large credit card debt, it is not necessarily so. Debt consolidation is a task that may be performed all by yourself using three easy ways.

Balance Transfer

With increased competition in the credit card industry, more and more credit card companies offer low or no-interest balance transfer options. As such commonly require very good credit scores, they may be a perfect solution to borrowers with prime credit ranking, who are looking to consolidate their credit card debt. The key to saving money is finding a lender who offers the best terms. It is important to look objectively at your state of financing to see what offer may bring you most benefits. If you think you may be able to pay down your credit card balances within 12-18 months, you may consider a 0% APR offer for a limited time that some major banks offer recently. Otherwise, a low fixed rate credit card may be a better solution, as 0% APR often turns to a hefty interest rate after the promotional period ends.

Home Equity Loan

Unlike credit card balance transfer option, that is commonly available to people with high credit scores, home equity loans are within the reach of all credit grades. As these loans are secured by equity in your home, they are classified as low risk by lenders, bringing you the benefit of easy approval, low interest rate, and longer duration. You have to have some equity in your home, however, which may be a problem after the recent real estate market downturn. While home equity loans may be the most attractive option, they are unavailable to people who rent or who just purchased their residence and do not have sufficient equity.

Unsecured Personal Loan

Unsecured personal loans are a perfect solution to any borrowing needs. Lenders do not require you to state where the loan proceeds are going to be spent, and therefore may be utilized for almost every purpose. As lenders compete, such loans are widely available now to almost all credit grades and offer extremely attractive terms. With credit card rates on the rise, they may be a great solution to decrease the borrowing cost and pay off your debts sooner.

Go Online To Explore Your Options

Active online users are often able to find the best deals just because of their natural curiosity and ability to conduct a thorough research. Finance matters are important and costly, and therefore require a serious attitude. Do not spare your time looking for lenders online and comparing multiple debt consolidation options. Several hours spent on research may save you hundreds and even thousands of dollars every year in interest. Online loan brokers and lending platforms may be the best for impatient borrowers, as they offer a convenience of finding and comparing several lenders based on your individual parameters, as well as making one easy application leading to multiple debt consolidation offers.

American Express Charge Card Services History

American Express executives discussed the possibility of launching a travel charge card as early as 1946, but it was not until Diners Club launched their card in March 1950 that American Express began to consider seriously the possibility. At the end of 1957, American Express CEO Ralph Reed decided to get into the card business, and by the launch date of October 1, 1958 public interest had become so significant that they issued 250,000 cards prior to the official launch date. The card was launched with an annual fee of , higher than Diners Club, to be seen as a premium product. The first cards were paper, with the account number and cardmember's name typed. It was not until 1959 that American Express began issuing embossed ISO 7810 plastic cards, an industry first. [I:3:T]
In 1966, American Express introduced the Gold Card and in 1984 the Platinum Card, clearly defining different market segments within its own business, a practice that has proliferated across a broad array of industries. The Platinum Card was billed as super-exclusive and had a 0 annual fee (it is currently 0). It was offered by invitation only to American Express customers with at least 2 years of tenure, significant spending, and excellent payment history.
In 1987, American Express introduced the Optima card, their first credit card product. Previously, all American Express cards had to be paid in full each month, but Optima allowed customers to carry a balance (the charge cards also now allow extended payment options on qualifying charges based on credit availability). Although Optima is no longer heavily promoted, Optima and Optima Platinum cards are still available on the American Express website. Today American Express offers a wide range of other credit card products including co-branded cards like the JetBlue Card and the Starwood Preferred Guest Card, as well as other credit cards promoting customer rewards like the Blue from American Express Card and the Blue Cash Rebate Card.
In 1994, the Optima True Grace card was introduced. The card was unique in that it offered a grace period on all purchases whether a balance was carried on the card or not (as opposed to traditional revolving credit cards which charge interest on new purchases if so much as was carried over.) The card was discontinued a few years later; however, the currently-available One from American Express card offers a similar feature called "Interest Protection."
In 1999, American Express introduced the Centurion Card which is often referred to as the "black card," catering to an even more affluent and elite customer segment. The card charged a ,000 annual fee at the time of its introduction (today, it is ,500 with an additional one-time initiation fee of 00) and offered (and continues to offer) a variety of exclusive benefits. There have always been rumors of a super-exclusive card that gives American Express' richest and most powerful customers special perks. It was this rumor that caused Amex to profit from the word-of-mouth and sparked the launch of Centurion.
The company made another addition to its products in 1999 by introducing Blue from American Express, which quickly became a popular card among young adults due to an appealing marketing campaign directed towards a youthful demographic. Based on a successful product for the European market, Blue had no annual fee, a rewards program, and a multi-functional onboard chip. A cashback version, "Blue Cash", quickly followed.
American Express also launched an exclusive agreement with Costco in 1999, replacing their earlier agreement with Discover Card. Under the agreement, American Express cards replaced Discover as the only credit/charge card accepted at the warehouse club in the US, and American Express became the first credit/charge card accepted at Costco's locations outside the US. To introduce Costco members to American Express, a co-branded cashback credit card was also introduced with no annual fee with a valid Costco membership. An added benefit of the agreement is that Costco membership fees can also be paid for with the card. At present, the consumer version of the card offers 3% back on gasoline & dining out, 2% on travel, and 1% on other charges. Business versions of the card offer similar benefits, with the gasoline benefit earning 5% back instead of 3%. The cash back rebate is issued annually as part of the February statement in the form of a rebate check which must be redeemed at a Costco location. The rebate check can be redeemed for cash, merchandise, or any combination thereof. The agreement was highly successful and was renewed in 2004 for an additional 10 years.
As of 2005, the US Centurion card has a 00 annual fee, while other American Express cards range between no annual fee (for Blue the Blue Sky Canadian Credit Card and many other consumer and business cards) and a 0 annual fee (for the Platinum Card.) Annual fees for the Green card start at , while Gold card annual fees start at 0.
In 2005, American Express introduced Clear, advertised as the first credit card with no fees of any kind. It also incorporates the ExpressPay technology premiered with the Blue card. Also in 2005, American Express introduced One, a credit card with a "Savings Accelerator Plan" that contributes 1% of eligible purchases into an FDIC-insured High-Yield Savings Account. Other cards introduced in 2005 included "The Knot" and "The Nest" Credit Cards from American Express, co-branded cards developed with the wedding planning website theknot.com. They have also introduced City Reward Cards that earn INSIDE Rewards points to eat, drink, and play at New York, Chicago and LA hot spots. American Express began phasing out the INSIDE cards in mid-2008, with no new applications being taken as of July 2008.
Also in 2005, American Express introduced ExpressPay, a MasterCard PayPass clone, based on a wireless RFID payment method, that requires a card to simply be waved in front of a special reader and not swiped. This technology replaced the smart chip on the Blue card. Many U.S. merchant and restaurant partners including 7-Eleven, CVS/pharmacy, McDonald's, Regal Entertainment Group, and Ritz Camera, now offer ExpressPay at most or all of their locations. The technology was tested on the ski bus from Salt Lake City to local resorts.
In 2006, the UK division of American Express licensed the Product Red brand and began to issue a Red Card. With each card member purchase the company contributes to good causes through The Global Fund to help African women and children suffering from HIV/AIDS, malaria, and other diseases.
In 2007, American Express again raised the annual fee for their American Platinum charge cards, moving the Personal cards fee to 0 and the Business division to 5. With the increase, customers now receive four complimentary companion coach tickets per calendar year. Additionally, a long-rumored[citation needed] "relationship" fee of ,000 to establish a Centurion card was added. The annual fee of ,500 remains the same, however. In late 2007, they announced their new Plum Card as the latest addition to their card line for small business owners. The card provides a 2% early pay discount or up to two months to defer payment on purchases. However, the 2% discount is only available for billing periods where the cardmember spends at least ,000. The first 10,000 cards began to be issued to members on December 16, 2007.
In late 2008, American Express announced they were discontinuing their "domestic companion airfare" program, which previously offered four complimentary companion coach tickets per year.
Some versions of the card include various features such as damage waiver on cars rented with the card, and accident insurance during travel bought with the card.[I:3:T]