Finance, Loan, Debt and Credit.

February 28, 2013

Free Tax Help for Last-Minute Tax Filers!

Filed under: Tax — Tags: , , , — admin @ 12:47 pm

Are you one of the millions of people who have not submitted a tax return yet? The April 15th deadline is right around the corner and there are tax software providers that offer last minute tax filing help.Using online tax software with efile is an accurate and fast way to file your taxes. No waiting in lines, no making appointments, no paper forms to sift through and no worries about losing your tax return in the mail. Plus, you will have access to many useful features and advice available even to the last minute filer.Income tax software is updated to include the latest tax law changes, i.e. new stimulus plan that includes First-time Homebuyer Credit & Recovery Rebate Credit. Most tax software also has tools to find other deductions and credits to maximize your tax refund.Some tax software sites offer a free tax software version that will allow you to complete your Federal 1040 tax forms and submit your tax return using efile for free.

Also, you can easily file state taxes at the same time; the income tax software will save you time by transferring your federal 1040 tax form information to your state return form. The prices to file state taxes may vary depending on the online tax software provider.My personal favorite online tax software is eSmart Tax by Liberty Tax which offers both the regular tax form software features as well as tax advice. If your tax forms are more complex than you anticipated and you need the assistance of a tax pro, eSmart Tax offers a Premium Edition product that provides phone assistance with a Liberty Tax Service professional. With the eSmart Tax Signature Edition product, you can visit one of the many Liberty Tax office locations and have your tax return checked, signed, and e-filed by a Liberty Tax Service professional. Additional fees would apply for these added services but you would get the benefits of their eSmart Tax Refund Maximizer, CPA Audit Assistance, and the ability to compare “What If” Scenarios. Go to the website for more information on their paid and free tax software products. You can also find free tax tips on their website.

Effects That Credit Card Debt Settlement Companies Have On Credit Rating

Filed under: Credit — Tags: , , , , , , , , , — admin @ 12:47 am

If you use a credit card debt settlement service there will be a fluctuation in your credit score. This is not necessarily a bad thing. Everything that you do with your finances will automatically reflect on your credit report and in you score.

If you are behind on your credit card payments you are suffering damage to your credit score for everyday that the payment is late. You will also see a fluctuation in the score if you purchase a car or open a new credit account.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…By using a debt settlement company you will see a slight change in your score, but not a very large one and it will not remain that way for very long. The settlement company will arrange a pay off value on your account with your creditor. This pay off amount will be dramatically lower than what you originally owed. Once you have established this amount and paid the amount in full, the credit company will report your account as paid in full. This is the second highest rating that you can receive from a credit card company…”

Paid as agreed is the highest standard you can receive. This is when you pay each month, the correct amount and on time. Paid in full means the account has been satisfied. There is no other information attached. The biggest hit your credit score will take is that you have a paid off line of credit. Credit scoring agencies always deduct points from your score when you a pay off a debt. It does not matter if it was on your own or through a settlement service.

Within a month or two of good credit practices, you will see your credit score return to normal or even increase. Debt settlement is probably one of the finest ways to eliminate your debt and set yourself financially free without damaging your credit forever.

“…When you are dealing with a debt settlement company make sure that you ask if they require your creditors to make the final report to your report as “account paid in full”. This is very important so that you may begin to rebuild your credit immediately after the pay off. It is common practice for a settlement company to require this action as part of the pay of negotiations. If you do not see this stipulation, make sure you ask your credit counselor…” H. Milla added.

Further information about trusted and reputable companies for credit card debt settlement by visiting;

February 27, 2013

Student Loan Consolidation Centers Should Have Common Options

Filed under: Loan — Tags: , , , , , , , — admin @ 12:47 pm

A Student Loan Consolidation Center allows you to bring together several types of federal student loans with numerous repayment schedules into one loan with one monthly repayment. For example the executives at Chase Student loans centre and other companies like them target student loans for those with bad credit for college and graduate students, GE makes literature on its loans available to students at every grade level.

This section will shine a light on other sources of student loans with bad credit. There are a number of major lenders in the Student Loans Consolidation markets. It is best to search for student loan consolidation centers which offer minimal rates of interest. A student is qualified for a maximum of 1 percent reduction on the interest rate, if he pays on time for thirty six consecutive payments. While still attending school, students having federal direct loans are able to consolidate by means of the federal consolidation program provided by the government. Even student loans with bad credit options can be challenging to repay.

Most student consolidation loans fall into two categories. They are government student loans and private student loans. Student consolidation loan centers provide loans such as federal, Stafford, professional student loans, nursing student loans etc. The government loan consolidation centre is providing a student loan consolidation program which allows students to consolidate outstanding education loans into a single brand new loan. This is not limited to a single lender. Even if multiple lenders hold the loans, one can still opt to consolidate. After doing some research you will find that Student Loans Centre’s have unique programs and loan opportunities available. For example the lenders at Citizens Bank defer payment on their student loans during the first 6 months after the student has graduated, or has otherwise stopped attending classes.

Two popular online student consolidation loan centers are Internet student loans centre and US student loan consolidation centre. Next student is another popular student loan consolidating centre. It offers student loan payments lower by up to 60% or more. Sallie Mae loan consolidation centre offers federal consolidation loans. The Citibank student loan centre corporation is giving federal and private loan consolidation. Wachovia student consolidating loan centre is giving federal Stafford loans.

Students must only consolidate loans which are of variable or changing rates such as the Stafford Loans. Never consolidate on fixed-rate loans such as Perkins loans as there won’t be any financial benefit. Interest rates for college students who are already adults or on their way to sixth month grace period will be higher.

Best Home Loan Refinance

Filed under: Loan — Tags: , , , , — admin @ 12:47 am

Best home loan refinance

Procedures to obtain the Best Home Loan Refinance Rate : The Internet nowadays has made it quite easy and hassle free to search and apply for a home loan refinance. One can search the web to know the loan market. He can compare and judge the best loan package offered by the various lending companies and the banks. To know one’s eligibility one can fill in a loan application form with his personal details. The form will ask for the financial details of the borrower. It will need bank statements, credit statements, income proof and other related financial details to judge the eligibility of the customer. After submitting the form online the borrower has to wait for the detailed verification of his credit scores. A thorough checking of all the credit details will ensure the borrower of a grant of home loan refinance. If the credit records are extremely bad the lenders or the banks may also reject the loan application. In this case you may try other lenders to secure the loan. Advantages of a Good Home Loan Refinance Rate If the rate available for a home loan refinance is very low then it can prove to be a good deal saving of money. The home loan refinance rate is bargained between the lender and the borrower to make it as low as possible. The lowest rate will proportionately delineate all the extra costs of repayments and save a lot of money in the process. The home loan refinance rates are to be compared between the various websites offering different quotes, rates and terms. A reasonable comparison and a good bargain will help to resolve the financial problems of the borrowers. Reasons to obtain a Best Home Loan Refinance You may like to change the tenure period of the first loan. You may even obtain a home loan refinance rate to shorten the duration of the repayment schedule. A quicker repayment helps to unburden the borrower from the loans. Shorter loan tenure may raise the interest rate a little bit. But paying the loan quickly will invariably save a lot of money. You must dedicate yourself to find the best home loan refinance.

February 26, 2013

What Are Tax Havens – And Will Governments Crack Down On Them?

Filed under: Tax — Tags: , , , , — admin @ 12:47 pm

Every so often we read that governments are going to crack down on tax havens and offshore bank accounts. The latest threats to do this have come in the wake of the financial crisis and economic recession that began in 2008.

However, attacking offshore tax havens is not new. And it would appear that such attacks by various politicians rarely amount to more than window dressing to placate the masses and an attempt to divert blame for any economic woes from themselves.

Before answering the second question posed in the title of this article, it would be a good idea to clarify exactly what a tax haven is.

A tax haven is a country which has little or no income tax. Some tax havens have zero income taxes, while others may have very low taxes – or only tax local income not worldwide income.

To give a few examples: If you live in Hong Kong you will be taxed at a flat rate of 17% on your income. On the other hand, if you live in New Zealand you will be taxed on a sliding scale all the way up to 38%. Obviously if you lived and worked in Hong Kong, then you?d be keeping a lot more of your own money.

Another issue is whether a country taxes domestic income only or worldwide income. Most countries tax worldwide income, which means if you live in the USA but earn income in the UK, then the UK income is also taxable and is to be considered part of your total income for tax purposes.

But if you lived in Singapore and made money outside that country, then you wouldn?t be liable for income tax on the overseas income, only your local income. So while Singapore is not considered a tax haven in the usual way, it is in fact a tax haven for those who live there and earn money outside Singapore.

The attraction of tax havens is obvious. If you live there, or do business there, you could end up keeping a lot more of your own money. For it never pays to forget that income tax is a tax on your very life. Your labour is part of your life. If someone were to claim 80% of your labour without pay, and only give you food and shelter in return, then you?d have a good working definition of slavery. And the rates of tax prevalent today are akin to slavery in every way – with most developed countries raking off 50% or more of their resident?s money with income and other forms of tax.

So a tax haven is exactly that – a safe haven, if you will, from predatory taxes.

Trouble is, high-taxing countries hate this. They don?t like having to compete with other countries in the matter of tax. And if truth be told, most governments of the developed world would very much like it if such tax competition was abolished, by getting rid of tax havens.

But it?s not as simple as it appears. The tax code of any particular country is a matter for that country to decide. If Hong Kong levies an income tax of 17% on its residents and New Zealand levies up to 38% – who?s to say that Hong Kong shouldn?t be allowed to do it?

And that?s the problem. The very notion of abolishing tax havens implies abolishing each country?s sovereignty. It means that someone, somewhere, is going to dictate to every country what its income tax rate will be – and that in order to eliminate tax competition the rates for all countries must be the same.

Of course, this will not happen – not without a one world government and a one world tax system.

The truth is tax competition, like any competition, is healthy. The very existence of low tax or no tax jurisdictions keeps other countries on their toes, and draws a line in the sand as to how high they can push their own tax rates – without causing an exodus of their best and most productive people.

But there are other reasons why tax havens and offshore bank accounts will not be abolished any time soon. Human nature. And in particular the nature of many politicians. You see, if there were no tax havens, no places to ?hide? money – then what would the corrupt politicians of this world do with their ill-gotten gains?

No, the powers that be, at the very top echelons, require places where they can stash their cash. All their threats about abolishing or doing away with tax havens are but hot air – and hypocritical to boot. Because at the end of the day the people who benefit most from the existence of different tax rates around the world are the people with money – the same people who pull all the strings. To abolish tax havens would be akin to cutting their own throats.

So don?t expect tax havens and offshore banking to disappear any time soon!

Business Tax Return Banners For Your Business

Filed under: Tax — Tags: , , — admin @ 12:46 am

Business Tax Return Businesses

Business tax return banners are a great way to advertise the fact that your company does business tax returns. Many people will search for a company that does personal tax returns and business tax returns. Hanging a banner outside of your business is a good way to let people know that you do business tax returns as well as personal tax returns.

Many people do not understand how to do their taxes; therefore, they take their taxes to a place that does understand how to do them. People often find these places of business by driving by. If you hang a banner outside your business you will draw the customers that are looking to have their taxes done by a professional.


Business tax return banners can be hung outside your store to draw the attention of many. Generally banners that are hanging up outside will draw the attention of many people passing by. Large banners also will draw the attention of many people passing by.

A banner that is made out of vinyl is the perfect type of banner for a business that specializes in business tax returns. A vinyl banner is made from sturdy vinyl. Vinyl can withstand many types of weather. Rain, snow and wind will not damage the banner that is made from vinyl. The banner can also be hemmed to help keep it from fraying. The wind can often cause a banner to fray; however, hemming the banner will prevent fraying.

A business tax return banner that is made from vinyl can be hung up during tax season and than easily taken down after tax season. The banner can be washed off with a wet cloth if it has gotten dirty. The banner can also be stored easily. However, you may decide to leave the banner hanging for the entire year so that individuals passing by might consider coming to you during tax season.

Business Tax Return Banners Work Well

Banners work well at drawing in customers. Many businesses that specialize in tax returns will have an employee stand outside the business waving a business tax return banner to draw the attention of everyone passing by.

February 25, 2013

Equity Rates – Tips To Get The Lowest Interest Rates On Mortgage Refinance Loans

Filed under: Loan — Tags: , , , , , , , , — admin @ 12:46 pm

Lower interest rates to save more money. It is not possible to have the same rate for all types of loans. Interest rates will depend on individual credit rating and financial background. Take a look at the following tips to save money while refinancing.

1. Refinancing your entire mortgage

The best option to have the lowest interest rate is to refinance the entire mortgage. A good home equity can be fruitful in this case. Most lenders willDemand refinance a property with good equity in the examination for a second mortgage or to. It may be helpful in reducing interest rates. The lenders will be quite happy to offer loans, as they have the security offered at a lower nominal value. They could even pay the loan in this case, if the borrower has a poor credit rating. If the borrower has a good price for a mortgage, it’s got it with this club mortgage. Largely sufficient time to seek bids.First reactions from the lender, borrowers can actually decide, with the best options.

2. Not Cash Out Your Equity

Keeping the equity in their place will help in reducing interest rates, if that will be used for refinancing. Equity is the difference between the amount owed and the actual market value of the property. The payments are part of the equity in the home is to increase lending rates. A good equity is always better, and lenders have noother choice than the loan at a lower interest rate penalty. A home equity line of credit can be applied for separately, if the borrower decide to tap the potential of the equity. This is not to a higher interest rate.

3. Lower Your Rate with Points

A reduction in interest rates through the purchase of points is a risky step. Borrowers should compare the various rates and offers from the lenders. Calculating the cost of points and the savings is a goodChoice. Comparison is what motivates most of the time. Each lender will have a number of conditions must be met, and so with careful planning and searching, the borrowers can get a lot in comparison. Better interest rates and closing costs will be preserved. read more

Student Debt Consolidation Loans: Making a Brighter Future

Filed under: Loan — Tags: , , , , , , , — admin @ 12:48 am

A better higher degree is like sowing a seed for a better tomorrow. Whether be the question of acquiring professional courses of aboard or within the country, the growing expenses have forced you to borrow money from external sources to meet the expenses. But now the funds with you might run short to and you are seeking for a loan scheme to consolidate the debts. To tackle such student debt related issues considering student debt consolidation loans is indeed helpful to consolidate the debts in a single amount.

Student debt consolidation loans are classified into secured and unsecured form, so that individuals can borrower loans according to their ability. Secured form of student debt consolidation loans are offered to persons who pledge property for the loan, and in this form various offers are attached like large amount of loan, low rate of interest, easy repayment terms and so on. Whereas the unsecured form of student debt consolidation loans are offered without raising the issue of collateral. The unsecured form is designed for the tenants and persons who are reluctant of pledging their property as collateral. Depending up on the ability to provide collateral, lenders usually approve amount which directly influences the repayment terms and installment burden. Student Debt Consolidation Loans are indeed a reliable loan policy as it set free the students from all the mental stress of the comments and phone calls of the creditors and continue their studies. It also can cut down the rate of interest to marginal and affordable one. To obtain a suitable and attractive rate of interest, you can use the online device and compare the numerous quotes of student debt consolidation loans. With the help of online it is also possible for an individual to approve the loan by sitting at home or office. While filling the online application form always fill the blocks with your personal and credit details accurately to avoid any inconveniences. If you are bad credit holders, then student debt consolidation loans brings the same offers and proposals to rebuild and dissolve the debts in the easiest way.

February 24, 2013

Mortgage Protection – easing your biggest concerns.

Filed under: Mortgage — Tags: , , , , , , , — admin @ 12:47 pm

The financial industry is packed with pretty shrewd people so it’ll come as no surprise to learn that there are financial products to help with each of these risks. If you want to reduce the risk of interest rates rising to unaffordable levels, you should have discussed these matters with your mortgage adviser. He will then have told you about “fixed” and “capped interest rate” mortgages. As the name implies, a fixed rate mortgage fixes the interest rate you pay whilst with a “capped” mortgage, the lender agrees not to increase your interest rate above a pre-agreed level. Both types of mortgage revert to the standard variable rate after the fixed or capped period finishes which is typically after three or five years, depending on your lender. Fixed rate mortgages are currently very popular accounting for 55% of new advances and there are some very good deals around. The capped rate for capped rate mortgages is usually set at the outset above the equivalent fixed rates available but the rate you pay is lower than the fixed rates. In this context your interest rate risk can be effectively controlled. After the end of the protected period you always have the option to re-mortgage and find another rate protected deal. There are never any guarantees on the rates that will be available but the mortgage market is highly competitive, especially for re-mortgages, and special rate offers abound. It’s really a matter of knowing which lender to approach. When the time comes you’d be well advised to ask a mortgage broker to search out the most suitable options. Worried about paying your mortgage if you lost your job? Then you need Mortgage Payment Protection Insurance – but be aware that in its basic form, this insurance is really only designed to cover redundancy. If you resign or are fired for gross misconduct your unlikely to be insured. The cost? Online you can expect to pay around £2.45 per £100 of monthly mortgage payment for a policy which starts paying out 30 days after you’ve been made redundant and will pay out for up to 12 months. You’re sure to have been offered similar insurance by your bank or mortgage company but watch out, their premiums are likely to be two or three times higher for identical cover. Mortgage Payment Protection Policies can also be extended to cover the third area of concern – you lose income through illness or accident. But before you rush into this insurance you need to ask your employer how long they’d continue paying you if you were off work. Remember, you only need to insure for the period after your employer stops paying. You would then receive statutory sickness pay, but the odds are you’ll need that income for general living costs. The cost for this insurance? Well, online it’ll again cost you around £2.45 per £100 of monthly mortgage payment for a policy which starts paying out after 30 days, However, if you combine illness, accident and unemployment cover all into one policy you can currently get combined insurance for around £3.95 per month. The essential point to remember is that these policies will only pay out for 12 months. That leads on to the fourth area of concern. How would you pay your mortgage if you were unable to work again through a serious accident or critical illness? In this context it is important to appreciate the reality of the risk. The insurance industry estimates that 1 in 5 men and 1 in 6 women suffer a critical illness before their normal retirement age. Just think what a heart attack at 40 would mean to your family finances, especially if you have a mortgage with many years still to run. For many, insurance is a must. The best option is to arrange insurance that totally repays the outstanding mortgage if you can’t continue to work. That at least removes one big worry. The insurance you need is called Critical Illness Insurance but make sure “total and permanent disability” cover is included. This ensures that your mortgage will be repaid if you are incapacitated through an accident. You can buy Critical Illness Insurance with “decreasing cover” where the size of the payout decreases as the years go by. This is ideal if you have a repayment mortgage where you are repaying the mortgage bit by bit each month. Decreasing cover is also the cheapest form of this Insurance.If you have an interest only mortgage, the situation is different as the sum you owe your lender, remains constant. You certainly don’t want the cover to decrease – so here you need Critical Illness Insurance with “level cover”. As with all these insurances, there’s always a twist to watch out for. With Critical illness Insurance you always need to survive for a minimum period following an accident or diagnosis of a critical illness. If you don’t, the policy will not pay out. With most insurance companies the survival period is 28 days although some have reduced this to 14 days. That leads on what happens if you were to die. Most lenders insist on Mortgage Life Insurance to repay your mortgage in one lump sum. However, you really don’t need it if you’re single and living alone. In these circumstances, if you would die, your estate would simply repay your mortgage by selling the property. For everyone else, Mortgage Life insurance is the most commonly held form of mortgage protection. Again it comes in a “decreasing cover” format for those with repayment mortgages and “level cover” format to repay interest only mortgages. All this insurance will not be cheap but there are ways of significantly reducing the cost. Buy a Mortgage Payment Protection Policy that combines unemployment, accident and illness cover. Sometimes this is called “unemployment and disability” cover. This will save you about 20%. The cheapest way to buy Critical Illness and Mortgage Life Insurance is again to buy a combined policy. Here it’s difficult to be precise about the savings as the cost will be strictly calculated on your own personal details and health record – but you can certainly expect to save 20-25%.The final bit of advice is shop around for the insurance. Your bank or building society will be absolutely delighted to arrange it but you’ll pay top dollar. The Internet is by far the cheapest way to buy all these insurances, especially if you use one of the many discounting brokers. You’ll find these brokers if you search under “life insurance”, “cheap life insurance”, “life insurance quotes” or “Mortgage Protection Insurance”. Competition on the net is rife, so it’s norm for these brokers to cut commission and pass the savings back to you through lower premiums. There are other aspects you’ll need to consider such as whether to buy a policy with a “Guaranteed Premium” or a “Reviewable Premium”. So you’re best advised to talk matters over with a life insurance adviser. Ten minutes on the phone with an adviser could save you more and avoid a lot of heartache.Be lucky, keep fit, happy and well insured!

Older Posts »

Powered by WordPress