Category Archives: Finance

Car Repair Loans: What You Need To Know About Them

Car repair is an expensive proposition. While the initial cost of the vehicle might not be that exorbitant, bringing the same car for repair might end up costing much more. Now, if you’re really dependent on this vehicle for regular use like driving to work, picking your children up from their schools but are unable to fund the pricey repair bills, then you can consider applying for a car repair loan. As per common beliefs, a car repair loan does exist and it is meant to help those who are not able to pay the repair bills up front.

Minimum Wage Can Boost Economy by Billions

Different Types of Fast Personal Loans

Getting the right loan is very important in one’s life. Getting sucked into a life where most of your income goes in EMI is not advisable. Loans should not cross thirty percent of the gross income. Planner’s advice their clients to stay away from debts unless the money that they get as debt and use them to make investments earn substantial returns to them through the investments, ideally first focused on getting yourself for loans that are very essential. Given the low rates, apply for fast personal loans and home loans as early as possible. And while looking for a house buy one that will best meet future needs. Similarly while going for a loan also check on the repayment system that is provided by the lender. This has to be planned carefully as getting a loan is a costly affair and cost of up gradation and making a repayment of the loan can be a tedious job. While getting a loan one can make use of the benefits that are given by the lenders.

Ill-Effects of Borrowing Indiscriminately

The payday loan industry might have found its foothold fast, but several regulatory bodies are mulling serious curbs on it in a bid to protect customers from getting entrapped in viscous debt cycles. Thanks to indiscriminate borrowing and the predatory practices of lenders, the situation is quite grim today with a number of borrowers finding it difficult to free themselves of the inevitable debt trap.

Factors behind Popularity of Payday Loans

In the wake of the recent economic downturn, many borrowers have found themselves struggling to keep up with their loans. Failure to repay loans on time, on the other hand, has resulted in plummeting credit scores as a result of which these borrowers find it difficult to qualify for traditional loans the next time they need money. The absence of credit checks in payday lending has contributed to their popularity in a major way. Borrowers in a bid to meet their urgent cash needs prefer to opt for short term financing as it is free of the lengthy documentation hassles otherwise associated with traditional lending. Individuals generally don’t have to fax their documents for securing approval. Once the loan is sanctioned, the creditor sends the money to your account within 24 hours. It is this easy accessibility that has acted both as an advantage and a disadvantage at the same time. Let’s find out how.

Best Binary Options Brokers – The Good and the Not So Good

The binary option market is full of brokers, each one trying to outdo and outperform the other. Under such circumstances, it becomes difficult to choose the right one for your trading needs. This is when some due diligence is required. You can talk to your friends, family members, peers, and the ones that have already used the best binary options brokers before.

In this article, for the sake of convenience and for your enlightenment, we will discuss about the best binary options brokers and also the ones that you could stay away from. To start with, in the following paragraphs, we will check out the best binary options brokers and the features or the various aspects that make them stand out from the rest.

Relevant Life Policy: Facts You Should Know About It

The relevant life policy is a special type of insurance cover, especially designed for the directors of small companies who want to offer death in service benefit to their employees. This is a cost effective policy since the premiums of traditional life insurance cover are subject to certain tax liabilities. Though there is an option to register to group life scheme, a company must have 20 employees to apply for this scheme. On the other hand, relevant life insurance can be applied by the director of the small companies, and that too, with similar kind of benefits. Well, if you are not so aware about the features of this policy, here are they mentioned –

  • The employer of a limited company with directors can apply for these benefits.
  • The premiums should be paid by the employer.
  • It is a single-life, standalone policy, exclusively designed to protect the employees of small organizations.
  • One cannot add a critical illness to this type of policy.
  • The client stops receiving the benefits of this policy once he reaches his 75th birthday.
  • One cannot add a disability cover.

Best Payday Loans No Credit Check No Faxing: Why are they Popular?

When you are in a situation when you need urgent cash or else you won’t be able to make it to the next paycheck, a payday loan can solve your financial problems. The best payday loan products are now in offer without any hassle of credit check or faxing requirements. This implies that people with a blemished credit history can also apply for these short-term unsecured loans. These innovative credit products can be used to mitigate financial problems like the following:

  • Outstanding rent
  • Outstanding utility bills
  • Unexpected medical emergency situations

Why Payday Loans Are Becoming Popular Among Borrowers

You can avail up to $1500 by way of a payday loan which is adequate for fulfilling your short-term financial needs. Given below are the reasons why more and more people are resorting to payday loans to meet their temporary financial urgencies:

Cyprus Rejects Bank Levy, Putting Bailout in Doubt

Photo Credit: www.theworld.com

Lawmakers in Cyprus have rejected government plans to impose an unprecedented tax on bank deposits, which has thrown into doubt the 10 billion euro bailout agreed upon with the European Union on March 16.

Failures to secure the emergency loans from the EU would leave Cyprus facing a banking collapse.

The bailout, which is considered small in comparison to rescue packages for other troubled EU nations like Greece, represents more than half the size of the 18 billion euro Cyprus economy.

The proposed tax on deposits had sparked big protests outside parliament and messed with the financial markets on March 18.

Officials chose to make changes to the proposals to protect depositors who have less than 20,000 euors in their accounts, but plans to levy a tax of 6.75% on deposits of 20,000-100,000 and 9.9% on anything above 100,000 euro wasn’t approved by parliament.

Cyprus has become the fourth of 17 eurozone stars who have been granted a bailout by its EU partners and the IMF, after Greece, Ireland, and Portugal.  Spain was given EU assistance to rescue its banks, but so far has avoided asking for a full sovereign bailout.

Thousands of Jobs Added, Unemployment Rate Declines

iPhone 5 is fifty percent of Verizon’s sales

Photo credit: www.cultofmac.com

In the fourth quarter of 2012, Verizon Communications Inc. sold 6.2 million phones, with the iPhone accounting for more than 50 percent of the sales with a total of 3.1 million sold. The iPhone has been ranked as the top choice by carriers such as Sprint Nextel Corporation, Verizon Communications Inc. and AT & T Inc. Verizon sold almost half of the iPhones, including the 4, 4S, and 5, manufactured this year.

Verizon is the nation’s major wireless company with AT & T and Sprint as runner ups. The sale of iPhones accounted for two-third of all smartphones sold by Verizon last quarter. Verizon has also sold nearly 11 percent of Apple’s total iPhones manufactured during the last few quarters.

Verizon also has hopes that 2013 will turn out to be a significant year for them. The margin of profit expected by the company will lie between an average of 49 to 50 percent, which can be further accelerated by the addition of 5 million new consumers and growth of  the company’s “Share Everything” plans, in which consumers are required to pay per gigabyte.

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