Bankruptcy can make getting any kind of financing much more difficult. However, it's not impossible anymore to get financing, even a few days after the discharge of a bankruptcy. But, is getting a loan soon after a bankruptcy a smart thing to do?It can be tempting to buy a new home, new car, etc., after a bankruptcy discharge you have no debt left. You will probably feel like you can afford a larger house payment. Here are some factors to...more
If you have recently filed bankruptcy, it won't be long before you are starting to ask yourself, "Ok, now, what do I do when I need a loan? Where do I got to get approved? Can I get approved?" Here are some overall basics about getting any kind of credit after a bankruptcy.2-3 Years after bankruptcy discharge is the magic number - Once you have filed bankruptcy, even the next day you can still get a car loan and possibly a mortgage loan. But,...more
When we think of prosperity and of creating abundance, it's easy enough to see how working at a job that we love helps us to earn more money then if we worked at a job we hated. We can also see that if we add plenty of love and warm-fuzzies towards how we treat our coworkers, bosses, employees, and customers, then it makes sense that people will like doing business with us and we'll again earn more money. We can understand how putting our love into the product or service that we sell makes for a superior product or service and therefore raises the perceived value of that product or service. Here's the hard partÂ… it holds true in our personal relationships too.How many women complain that their husbands don't spend enough time with them? The wife complains that her husband doesn't appear to really care about her. She thinks there is a lack of deep emotional connection between the two of them. "You don't say that you love me! Therefore you must not love me!" He quickly points out that her argument that his lack of flowers and romantic words doesn't mean that he doesn't love her. After all, he works hard to earn enough money so that she can live in the house they share and...more
Nothing can be more exciting & terrifying at the same time than buying your 1st home. Everyone talks about all the advantages of buying real estate such as the tax benefits, appreciation etc. But there are some risks involved and the more knowledge you have before you start the process the less vulnerable you will be to those risks. Now that you...more
Before you give up on the idea that you will never be able to get a home equity loan because of your bad credit, first be sure you can't get one. It may save you a lot of work, and it opens up more possibilities for home purchases and help from real estate agents.You might be surprised to find that there are ways you can get conventional financing,...more
Bonding companies look at far more than just owners' personal credit when it comes to contract surety over $100,000. A surety wants to have confidence in their bonded contractors prior to approval. There are numerous different actions a contractor can take to instill confidence in a bonding company. A contractor must be organized and practice restraint when necessary to gain the trust of an underwriter.For most, the best way to run a company in an organized fashion is to hire professionals they can count on to assist in decision making. A bond producer well versed in contract bonding should be a top priority. If your agent is not knowledgeable enough or does not have the markets to fit your company's needs, then there is little other professionals can do to help with your bonding needs. An accountant that understands construction is a must. The business financial statements are the highest weighted item for underwriting a contractor. You can think of them as the underwriter's window into your company. A contractor must walk away if their accountant does not know how to complete financial statements on a percentage of completion basis. A good relationship with a banker is a rather...more
Money spent updating your kitchen rewards you better than money spent on any other upgrades to your home. When it comes to kitchens, buyers continue to demand improvement in efficiency and style, and they love remodeled kitchens and new appliances....more
The yield curve refers to the interest rates on bonds of varying maturity. Normally, we expect the yield on bonds with longer maturities to have a higher yield than those of shorter maturity bonds. Because it is less of a burden to tie up one's money...more
Creating abundance is probably the hottest topic across the internet. Whether you're looking to start a business from your home computer or trying to payoff your mortgage in time to retire with comfort, everyone seems interested in how to get more...more
Women managers, women business owners and other business women must sometimes contend with unenlightened behavior and attitudes from male colleagues. You can either choose to get your dander up each time, which induces stress and health issues that...more
Finding a rent-to-own house is one of the many ways someone with bad or no credit can buy a house. You will often find them called names like lease/options, lease with option to buy, lease purchase, lease 2 purchase, rent with option to buy, rent to...more
You never thought that your home can be worth anything except for living purposes. Yes, a real estate broker would have offered a large sum on this house. But you never planned to sell the house because of an emotional attachment with it.One of the...more