Thursday, February 6, 2014

The Best Personal Finance Software - Look Before You Leap


http://www.loandentist.com/?c=214495

In any purchasing decision you make in life you must match your needs with the features of the product you are purchasing in order to make the best decision. This also applies when you are investing in personal finance software. You don't want to invest in a package that is too complex for your needs or has functions that you will never need to use in the future.

Having gone on line to research the best software packages on a well known UK retail site I analysed two categories in the following categories

Software >business and office>personal finance and tax

Software >Home computing>personal finance and tax

I then looked at the best sellers and in my mind I was going to review software packages about personal finance. However when the product features mentioned "creating invoices" and "tracking sales" I suddenly realised that this was not the software that I was seeking. This software was very much geared to accounting or book keeping. Therefore the category above business and office does not seem the appropriate category. I would regard business and office as pertaining to stand alone office building remote from one's own home.

I then decided to go back to basics and look up the definition of personal finance which is "the application of the principles of finance to the monetary decisions of an individual or family unit. Tracking sales and creating invoices would be associated with a small business carried out by a sole trader or a partnership perhaps. Because "and tax" was added to the personal finance category meant that accounting and self assessment software would be included in this category.

Therefore it is very important to check thoroughly your needs before investing in personal finance software. You don't want to invest in a package that is too complex for your needs or has functions that you will never need to use in the future. You should take the following steps.

1 List down the reasons why you need the software.

The following hypothetical list is an example.

-Keeping track of bank accounts, credit cards and loans and savings.

-Keeping track of investments i.e. stock market, bonds and mutual funds

-Keeping track of insurance, i.e. life insurance and health insurance.

-Monitoring of individual or company based retirement plans.

-Income tax management.

-Monitoring standing orders and direct debits

-Budgeting for future spending

2 Cross check the list in 1 above with what the various software packages have to offer and come up with a best fit.

3 Read reviews on the products that you have chosen in 2 above and chose one package based on the best ratings.

If you follow the points above you will end up buying a personal finance software package that is specifically tailored to your needs and more than likely give you value for money. Therefore you must look before you leap.

Choosing the best personal finance software can give you great peace of mind when it comes to sorting out your personal finances. You can find out about the top three Personal Finance software packages here : www.loandentist.com

Tuesday, February 4, 2014

Who Can Be a Coapplicant For a Home Loan?

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When it comes to home loans, the amount borrowed is usually quite large in value. This is the reason why in most situations, a joint applicant along with the primary borrower is often recommended. This has the following benefits:

    When both the applicants' income is pooled, the eligibility to avail a higher loan amount increases.
    When the co-owners of the property apply with the applicant, it makes for a stronger application.

One thing to always be kept in mind is that although all co-owners of a property are advised to be co-applicants, it is not a necessity that every co-applicant needs to be the co-owner of the property. Also, note that a minor will not be considered as a co-applicant. Although, co-applicants are encouraged, there are certain prerequisites that need to be fulfilled so that they may be considered for the loan application. Let us take a look at some of the conditions:

    The co-applicant must have a regular source of income (if income needs to be considered for higher loan amount)
    Friends or relatives cannot act as co-applicants.
    The credit history i.e. the repayment record of the joint applicant will be reviewed at the time of application.

There are certain preset relationships which will only be considered for joint eligibility. These include

i) Husband-wife

ii) father-son (or sons),

iii) father-daughter (provided daughter is unmarried and property is in daughter's name and father's income is not considered),

iv) mother-son (or sons),

v) brothers

Is it advantageous to have a co-applicant?

Yes, it is an advantage to the applicant if he or she applies along with a suitable co-applicant. Should the primary borrower default in paying the installments, it will become the responsibility of the co-applicant to repay the loan without having to forgo on the property.

Although, it is advisable to encourage co-applicants, it is not a legal requirement for everybody whilst they apply for a housing loan.

Note that, sisters or daughters cannot act as co-applicants with their brother or father or among themselves either. It is to avoid future disputes during the tenure of the home loan. As long as the preset conditions are met by the joint applicant, it would prove to be an advantage while applying for a home loan.

Also, if the secondary borrower's income is going to be considered, then his or her credit score as well as credit history will also be reviewed prior to loan approval.

Friday, January 31, 2014

How to Be the Ideal Choice For Approval for Your Personal Loan

http://www.cash-advance-loans.co/?c=214616
There are times when our requirement for money surpasses other requirements, whether it's a pending payment or a much needed vacation. Availing easy personal loans is not a big deal anymore, but being eligible for it is indeed a big one. Everybody seems to want a lump sum of money at some point of time! But, the underlying question is, whether will they able to pay it all back within the stipulated loan tenure? In order to make a good judgment of the repaying capacity, every bank puts forth several strict conditions that need to be met by the customers so that they can easily avail unsecured loans.

That is precisely the point, since personal loans are "unsecured" (as in there are no guarantors required), it is all the more necessary for banks to go ahead with a thorough check up. The eligibility criteria revolve around four main aspects namely,

Income - Different banks have different income criteria, and on the basis of your income, banks evaluate your maximum loan eligibility amount. One must know that if you need a maximum loan amount, different banks will provide different maximum eligible amount. So choose the right bank for an optimal loan amount.

Is your company approved by bank? - Each bank have their own categories of companies, depending on the company category a customer belongs to, he or she is rated as either high risk or low risk of defaulting. In case the company is not listed or approved by the banks in any of their categories, a separate procedure is followed to include that particular company in the bank's list.

Residential Stability - It is important that you reside in your own accommodation or at least with your parents. If you happen to reside in a rental or hostel accommodation, then you would have to show a stability of at least 1 year in order to increase your chances of approval.

Income and Work Experience - More your work experience, better is your financial stability & less chance of defaulting your loan. That is the policy banks go by.

CIBIL Score - Ensure you have a positive credit history, and have never defaulted on paying your emis or credit card bills. This will ensure you have a decent CIBIL score in order for banks to even consider your loan application. The ideal score is expected to be above 750 for every customer.

Although there are other factors influencing the decision of your loan approval, fulfilling the above four conditions is more important than anything else. Do your homework and be informed of the changes in criterion as they are subject to change without notice. Enjoy the benefits of easy personal loans, by following the procedures and avoiding errors as much as possible.

For starters, visit our site http://www.cash-advance-loans.co you will find a whole lot of details on personal loans

Tuesday, January 28, 2014

Who Can Be a Coapplicant For a Home Loan?


http://www.iCashLoans.com/?c=214616

When it comes to home loans, the amount borrowed is usually quite large in value. This is the reason why in most situations, a joint applicant along with the primary borrower is often recommended. This has the following benefits:

    When both the applicants' income is pooled, the eligibility to avail a higher loan amount increases.
    When the co-owners of the property apply with the applicant, it makes for a stronger application.

One thing to always be kept in mind is that although all co-owners of a property are advised to be co-applicants, it is not a necessity that every co-applicant needs to be the co-owner of the property. Also, note that a minor will not be considered as a co-applicant. Although, co-applicants are encouraged, there are certain prerequisites that need to be fulfilled so that they may be considered for the loan application. Let us take a look at some of the conditions:

    The co-applicant must have a regular source of income (if income needs to be considered for higher loan amount)
    Friends or relatives cannot act as co-applicants.
    The credit history i.e. the repayment record of the joint applicant will be reviewed at the time of application.

There are certain preset relationships which will only be considered for joint eligibility. These include

i) Husband-wife

ii) father-son (or sons),

iii) father-daughter (provided daughter is unmarried and property is in daughter's name and father's income is not considered),

iv) mother-son (or sons),

v) brothers

Is it advantageous to have a co-applicant?

Yes, it is an advantage to the applicant if he or she applies along with a suitable co-applicant. Should the primary borrower default in paying the installments, it will become the responsibility of the co-applicant to repay the loan without having to forgo on the property.

Although, it is advisable to encourage co-applicants, it is not a legal requirement for everybody whilst they apply for a housing loan.

Note that, sisters or daughters cannot act as co-applicants with their brother or father or among themselves either. It is to avoid future disputes during the tenure of the home loan. As long as the preset conditions are met by the joint applicant, it would prove to be an advantage while applying for a home loan.

Also, if the secondary borrower's income is going to be considered, then his or her credit score as well as credit history will also be reviewed prior to loan approval.

Alternative Litigation Funding Options

http://www.cash-advance-loans.co/?c=214495
Litigation funding is a very real need if you're caught in the middle of a lawsuit and don't know how long it'll take to wrap up. Savings can tide you over for only a while and sooner or later you'll find that you're going broke.

One way to ensure you have enough money for legal fees is to apply for legal financing or litigation funding. This is where a third party loans you money that you must repay only if you win the case. If you don't, the lender is forced to lose the investment.

While this is a sure-fire way to get some much-needed money, not everyone qualifies for legal financing. If the lawsuit you've filed isn't solid (has less chance of winning) then you may not be able to get help. Or, if you don't have a lawyer to represent you the lender may turn down your application. This is because funders are taking a big risk with their money by staking it on you. If you lose, they don't get returns on their investment so they need to make sure that there's a competent professional looking out for you.

In such cases, alternative funding options must be sought and fortunately, there are several choices. Here are a few.

Loan from a friend or family member

People close to you are usually giving and have no problem loaning you money if they're flush. The advantage is that there's no interest and you can pay it back slowly. If it seems like the case is going to drag for a few months, borrowing money from a kin or a friend is a great idea as you won't be pressured to repay it too soon. If you want, you can always pay back with interest as a token of thanks.

Personal loan

A personal loan from the bank is another option although not such a sound one. It's also difficult to obtain because banks aren't too keen on investing in legal cases especially where the outcome is unpredictable. While there's a chance you may be able to get the loan, the odds are not great. Still, give it a try, you may strike lucky.

Hiring a lawyer on a contingent fee basis

Similar to what a litigation funding company does, hiring a lawyer on a contingent basis sees that the lawyer is paid only when the plaintiff wins the case. While this works out well, there are other expenses to consider such as court fees which must be paid throughout the course of the case. Moreover, the final cost to be paid to the lawyer may amount to much more than initially thought as the lawyer is taking a risk with you and your case.

These three options are workable and you have the choice of picking any one. Like legal financing, there are criteria to meet and even loans from people you know may not be the best choice. Since legal fees can be quite high, not many may be willing to lend such a large amount. Some may not even have that much in the first place. Ultimately, litigation funding companies are the best sources to turn to because they have the means and as long as the case looks to be falling in your favor, you should be able to meet the criteria.

As long as the case looks to be falling in your favor, you can expect a third party funding for your case. Click here to apply for litigation funding for your lawsuit.

New Loan Programs Help Fuel Wholesaling Properties


http://www.loansholiday.com/?c=214594

New loan products are being rolled which could provide a big boost for those wholesaling properties.

U.S. property markets are rebounding strongly in 2014 and are expected to continue to do so for the foreseeable future. However, access to credit and liquidity have remained the main if only hurdle to higher transaction volumes for investors wholesaling properties, more real estate sales and faster appreciation and home equity growth.

During the downturn this impacted both sides for wholesalers making it tough for them to take full advantage of as many opportunities as they would like, as well as preventing millions of would be buyers from buying homes or buying more homes. Thanks to some innovative new loan programs this seems to be changing fast.

On the acquisition end conditions have become far easier for wholesalers. There are still plenty of opportunities for doing no money down transactions when buying or flipping distressed properties. However, hungry investors that want to do more can benefit from being able to leverage and wield more liquidity. On this end investors now have an array of options including private lenders, hard money lenders, transactional funding and commercial mortgage lender that will provide short term funding for locking up great deals.

Many of these financing sources will loan regardless of personal credit scores, assets and employment providing the deal makes sense and there is equity in the property.

The main challenge right now is financing for the end buyers. Even those with great credit scores and financials have been getting turned down due to quirks in underwriting and bizarre lender conditions.

New programs are emerging from alternative lending sources but one of the biggest challenges wholesalers face it helping would be borrowers by educating about these new options and connecting them with money sources so that they can increase their acquisitions.

By now most have probably heard about giant hedge funds getting into the investment loan business and offering millions to investors to access equity in their portfolios and add more units to them. These loans can be ideal for wholesalers wanting to shift inventory in bulk for even bigger incomes.

Then there are other new and innovative programs like those recently revealed by 'The Home Loan Answer Guy' in L.A. This creative mortgage loan product with a terrible name, but great value is known as the 'Depletion of Assets'. This program is ideal for domestic borrowers with not enough documented income to qualify for conventional debt to income ratios, don't have any reported income, and for foreign nationals which can't prove income but have sufficient cash assets. Using a unique formula lenders derive an income which can satisfy regulatory requirements and get borrowers loans even when they have been turned down by banks.

Want More? Claim Your FREE Real Estate Investing Blueprint on How to Quit Your Job in 19 Weeks or Less Valued at $297 Absolutely Free! PLUS Listen to over 95 hours of content rich podcast episodes for FREE

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Wednesday, January 22, 2014

Adverse Reliability Doesn't Harm Debt Consolidation Loan For Bad Credit


http://www.betterloansmutual.com/?c=214594

There are an increasing number of loan seekers who lies under terrible credit due to their pile-up debts. They aren't capable to resolve all debts at the same time and recover their dreadful credit without any financial help.

To conclude their problem and solve it several lenders providing debt consolidation finance with bad credit. That means awful credit liability unification advance helps them to merge all their debt into one and repay all at the same time. Through this, horrific credit holders can enhance their credit scores with good scores and regain their reliability in amongst the lenders.

Bad credit debt unification loan helps these kinds of persons to revitalize and live life again with the complete prestige. These kinds of credit are available without any hassle, hurdle or any formality through the valuable and respected loan lenders with their key features.

Terrible credit scores are mostly generates when an individual or a person fails to repay the amount of loans on or before the deadlines of repaying and because of that, he/she will face the cases in the county courts. Even apart from the cases of fraud and cheating, a borrower can face the bad credit scores because of their late payments of mandatory services.

The credit scores in the list of FICCO ranging from 300 to 850 and if an individual has more than 720 scores in this list, then the lenders considered him as a safe and secure borrower. Lesser than 580 points means that the borrower is a bad creditor and has adverse reliability.

So, that's better to check out your credit scores or credit history before asking about any other cash loan including bad credit debt consolidation loan. Even you can spend some bucks over experts to maintain your credit report. A good credit history makes you revitalize for loan lenders and enhances your chances to get more beneficial and lucrative deals on your favourable terms and conditions.

A bad Credit balance Consolidation advance is all about making you free from multiple debts and multiple lenders' pressure and gives you a chance to merge all your debts under a single lender at comparatively low interest rates. This feature increases your chances of bad credit removal.

The lenders offer debt consolidation loan for bad credit at both formats secured and unsecured. In secured option, you have to deposit security in the form of any asset like: home, vehicle, jewellery etc. The benefits of secure bad credit debt merger loans consist:

    Lender's trust over the awful creditors.
    Higher Loan amount without any credit check.
    Long duration for repayment that helps a borrower to repay.
    Loan at a lower interest rate that reduces the chances of awful credit.

The debt consolidation loan for awful credit helps a borrower to increase their demand in the loan industry without gaining awful credit scores and availing an awful credit debt consolidation loan at the affordable interest rate and suitable terms & condition, the borrower can choose online awful credit debt consolidation loan lender.

Jack Frost is associated with the Loan in cash from last two years. He is masters in business administration and writes on various finance and credit related topics. To find better and lucrative deals in liability consolidation loans, Holiday credits, urgent advance, awful advance loans, bad acclaim debt consolidation advance, bad acclaim fast debt unification loans, Debt merger loan for an awful credit visit http://www.betterloansmutual.com/