December 20, 2012
Merchants who want to accept credit cards must work with credit card processing companies. Therefore, it's vital to understand the procedures and associated costs to prevent overpaying
Taking time to compare various credit card processing companies can save merchants a lot of money over time. Companies generally assess fees to process credit cards, along with a per transaction fee, while some even charge fees for printed statements.
Sole proprietors and small business owners often find it difficult to find companies willing to provide merchant accounts. Instead, entrepreneurs usually have to work with third party providers who will obtain the merchant account. Unfortunately, the more people involved the higher the rates.
August 02, 2011
Business banking is essential for every company regardless of size. It is essential to maintain separate accounts for personal and business transactions in order to deduct allowable expenses on tax returns. Combining accounts can be harmful and potentially cause business owners to lose out on certain tax deductions.
A variety of business banking options exists. Companies can select from basic business checking accounts to online banking. Most banks offer options to tie-in accounts to accounting software such as QuickBooks or engage in direct deposit payroll.
April 11, 2011
Law suit financing is a strategy used by individuals involved in litigation, but have not yet been awarded monetary settlement, to obtain lump sum cash. Pending awards are used as collateral to secure advanced funds. Funds are usually obtained from funding sources such as private investors or cash advance providers.
The majority of law suit financing advances are funded as "non-recourse". This process is used when litigants obtain advanced funds against a lawsuit in which the verdict is undetermined. If recipients are unsuccessful in the courtroom they are not held responsible for repayment of advanced funds
January 26, 2011
The word 'debtor' refers to a person who owes money to a lending institution or private individual. People and companies that lend money are referred to as creditors. This can encompass banks, credit unions, credit card companies, department stores, and private funding sources such as hard money lenders, family or friends.
In the financial world, debtor can also be referred to as borrower or mortgagor. The latter is used in deed of trust contracts and mortgage notes. These descriptions are interchangeable, but also refer to the persons who borrowed funds and are responsible for repayment of outstanding debts.
June 16, 2010
For many Americans, savings account equates to a piggy bank. With skyrocketing unemployment and foreclosure, millions of citizens barely have enough money to pay their bills, let alone save for the future. But, the truth of the matter is people need to set aside money for unexpected expenses, investment opportunities, and retirement.
Establishing a savings account can be accomplished from the comfort of home, as many financial institutions offer online banking. However, consumers should take time to conduct research in order to obtain the highest rate of interest and avoid transaction fees
May 24, 2010
Most people with IRS debt will agree that owing the Internal Revenue Service is stressful. They worry an IRS agent will arrive at their door to repossess valuable items. They have heard horror stories of people being sent to prison over unpaid back taxes. They lose sleep thinking the IRS will attach wage garnishments; leaving them little income to pay their bills.
If you are faced with IRS debt problems, the worst thing you can do is ignore the problem. Believe it or not, the IRS offers taxpayers multiple solutions to payoff back taxes. However, you must be proactive and initiate contact with the Internal Revenue Service. Otherwise, payment options will be limited and your worst nightmares could turn into reality.
March 11, 2010
Borrowers in need of a loan modification must work with their lender's loss mitigation department. In order to be successful, homeowner's should take time to become educated about the process involved and be prepared to provide financial records.
In order to obtain a loan modification, borrowers must meet certain criteria. Obviously, lenders want to make certain borrowers can afford modified loan payments. Therefore, borrowers should be prepared to provide bank statements, payroll records, detailed list of income and expenses and previous years' tax records.
February 25, 2010 | Comments: 1
Taking control of personal finance is the best gift you can give yourself and your family. When credit card spending spirals out of control or outstanding debts rule your life, it is time for serious financial change. Unfortunately, many people do not have a clue where to start. Oftentimes, individuals turn to filing personal bankruptcy in hope of being released from financial bondage.
Regardless of how bad personal finance problems are, there is always a way to fix them. In order to regain control of cash flow, it is imperative to take a hard look at where your money is being spent. This can be accomplished by creating a household budget.
October 07, 2009
Debt problems are affecting more Americans today than ever before. The financial crisis of Wall Street left many people with worthless financial portfolios, while the unemployment crisis has drained many saving accounts. Add in wasteful spending habits and you have a recipe for financial disaster.
Many options exist to eliminate debt problems, but it takes patience and commitment to get out of debt. Individuals with mounting debts must take a hard look at spending habits to determine where their money is being spent.
September 26, 2009
Today, many people are looking for debt solutions. They are tired of being stressed out by mounting debt and exorbitant interest rates. Millions of Americans require immediate debt help in order avoid foreclosure or bankruptcy.
Several debt solutions exist including: budgeting, debt consolidation, debt management, debt settlement, credit counseling and bankruptcy. Each option carries its own set of pros and cons. Not all options are available to everyone. Some require debtors to meet specific criteria, while others charge fees for services rendered.