Poor credit debt consolidation loans are an excellent option to consider if you are an individual who wouldn't qualify for a traditional loan, but are in need of money to pay off bills, consolidate debt into one lower payment, and improve your style of living.Understanding the exact meaning of a poor credit debt consolidation loan is extremely important. Poor credit debt consolidation loans are meant with individuals that have low credit report...more
Invoice discounting is basically the same as invoice factoring: it involves selling your invoices that are not yet due to be paid to a company at a discount. The discount provides the company purchasing your invoices with their profit; but by receiving cash now for your invoices, invoice discounting enables you to:* Meet emergency expenses* Pay suppliers early to take advantage of early-payment discounts* Take on time-sensitive new projects*...more
Speculators get a bad rap. Speculation in stocks, currecies and commodities futures is a necessary part of our economy. Many people have the idea that there is no added value in people "gambling" on commodities prices, for example. The truth is, most people just don't understand of the role of speculators and speculation. The Truth About 'Speculation'Speculative trading is crucial to a modern economy. Let's use corn for an example. A farmer can plant his corn, and then see the price drop so low by harvest time that he loses his investment, and possibly goes bankrupt. How can he prevent this?By selling some of his future production now, at a set price, he can plan ahead safely. The contracts he creates and sells will go up and down with the price of corn, but the risk is all in the hands of the speculators who buy them. They profit by re-selling them if the price goes up, and they lose money if it goes down. Our farmer, though, has his price, and can plan his business now.Now, on the other side, a cereal company needs predictability in the prices of their basic commodities, in order to plan future production. They can't hire new employees and buy new equipment, only to see the price...more
Poor credit, unfortunately, is a common problem for many women. Poor credit can happen for a variety of reasons. It can be due to a divorce, when bills weren't paid on time or at all. It can be due to a medical disaster, where bills have piled up so high that paying them has become impossible, and credit scores have dropped accordingly. It can be...more
The Romans were the first civilization to sell promissory notes at a discount, beginning the industry of factoring. America was built largely on the possibilities of factoring, when colonial businesses were factored by Europeans willing to invest cash in exchange for the promise of large returns, and government bonds also use the same principles...more
Unfortunately to many of us the Internal Revenue Service (IRS) is one branch of government that can never be our friend and is often feared by some less reputable business owners. When the IRS is owed money, they will get it whether you like it or not. For those individuals who owe back taxes, the state or IRS may attempt to collect those owed taxes by wage garnishment through your employer. Once the wage garnishment is filed, the employer is obligated to deduct a certain percentage of each pay check to be handed over directly to the state or IRS until the taxes are fully paid or an agreement has been negotiated to release an individual from the wage garnishment.The amount of garnished wages that are deducted by the state or by an IRS wage garnishment is based on martial status and the number of dependents. The amount of an individuals income that is exempt from the state or IRS wage garnishments can be figured by adding the standard deduction claimed on taxes and the amount claimed for exemptions and divide that by 52. For example, a family of three will only be allowed to keep about $325 per week. Wage garnishments can be extremely devastating to individuals and their families....more
Many people who taken the initial step and become associated with Liberty League find that this is the first step leading towards a more fulfilling life. What are the other commitments you can make to speed yourself along the path to success?Firstly...more
What To Do If Your Business Loan is Not ApprovedWords that all business owners dislike hearing from a lender are, "Sorry, we just can't approve your loan." It's frustrating when your business loan is not approved, and it may feel like your business...more
Summary: The author draws a lesson from a classic radio skit to show leaders how they might raise their activities to new levels of awareness and commitment. A classic radio skit by comedian Jack Benny involved Benny being held up on the street by a...more
In an ideal world, a CEO selects and preps a successor. He shows up at his retirement party, collects the gold watch, and heads for a life of bliss on teeing grounds and putting greens. His replacement hops onto the throne, transitions smoothly, and...more
Last week's question from Anthony R. on how to choose the franchise that would best fulfill his life-long dream of owning his own business sparked a number of emails from other readers wanting to offer their two cents on the subject.Some folks...more
What To Do If Your Business Loan is ApprovedYour business loan is approved. Congratulations! It's one of the most exciting phone calls you can receive as a business owner. It means that your business has received the financing that you've desired for...more