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How to Fix Incorrect Credit Card Bills

How to Fix Incorrect Credit Card Bills

Credit card statements frequently contain billing errors. As a consumer, it’s up to you to verify your expenses each month and notify your lender of any mistakes. When doing so, it’s important to follow the rules to be taken seriously and achieve speedy resolution.

Watch out for these common mistakes: returned items, not credited, fees for items or services not received, charges made by someone else, unidentifiable charges, calculation errors, or statements not provided with regularity.

When you find charges on your account that either don’t belong to you, or are incorrect, you can dispute them to have them removed or corrected. Creditors are required to provide you with a formal process to make corrections in a timely manner.

When you find an error, the first thing you need to do is document the mistake in letter format and send it to your creditor. Don’t just mark up your statement and return it. That is not considered formal notification. Include your name, explanation, and dollar amount involved in the letter. Also reference your account number and send supporting documentation with it.

Creditors usually have an address designated just for such complaints, so be sure to use that one. Remember to keep a copy of everything you send in your letter. You have sixty days from your billing date in which to file a dispute.

When you receive you next bill, you still need to make payments on any undisputed charges. However, you don’t have to pay anything on the portion in dispute or the related finance charges.

You must receive acknowledgment of your complaint within thirty days, unless corrections are already made. Within ninety days, or two billing cycles (whichever is less), the creditor is required to either resolve your dispute or offer their explanation for not dropping the charges. While your case is pending, automatic payments and finance charges related to the dispute must cease. Payments and finance charges for unrelated purchases are allowed to continue.

Your creditor is not allowed to report the amount in dispute as delinquent to the credit bureau during the investigation period. They also cannot send your account to collections during this time.

You may continue to see the disputed charges on your statement, until the issue is resolved. The disputed amount can however, still be used in calculating your overall credit limit, lowering your available credit. You will also probably continue to accrue interest on the disputed amount. All related interest must be dropped if the issue is resolved in your favor.

If your complaint is not settled in your favor, you have ten days in which to respond if you are not satisfied Restate your explanation in a second letter sent to your creditor. If your creditor chooses to report your account as delinquent to the credit bureaus as this time, your explanation must accompany the report. They then have to tell you the name and address of anyone they reported the delinquency to.

If your dispute is finally resolved, anyone who received notice of your delinquency must be given the updated status. Any creditor that fails to follow through on these actions will have to credit you the disputed amount, plus interest up to $50., even if they were right.

The frequency of credit card errors makes it prudent to review your statements every month. You have the right to dispute inaccuracies and unauthorized fees. However, you have to follow certain protocols, just like the credit card companies do. You can avoid paying more than you owe if you take prompt and decisive action when you recognize there has been a mistake.…

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Credit Card Debt and You

Credit Card Debt and You

People often talk about credit cards and all the evil it can do you but have often have you stopped to think of all the good these cards can do for you. For all the tales you can tell me about how credit cards were the ruination of someone, I can offer you personal finance tips related to people I know using these cards to avoid the impact of personal bankruptcy. Of course, one of these methods is to use credit card consolidation to get out of debt, but that is just one of the reasons why I say the cards can be used for good.

No, this is not a paid-for message issued by some credit company. I’m serious about this; a credit is nothing more than a symbol of an agreement between issuer and you. It’s not as if you were held at gunpoint within the comfort of your own home and made to sign that agreement. The worst personal finance tip anyone can give you is to use a credit card as if you have a license to kill. Nothing could be further from the truth. The ones that are smart use a credit card for what it is, something that offers you the freedom from carrying cash and paying up for about 45 days. If you use it responsibly, an interest rate of even 6,500,000% would not bother you since you know you will always pay on time and never have to pay a cent in interest.

It is the people that do not read the fine print that have a major problem on their hands. Credit card companies bank on the fact that poor schmucks such as these will not get into detail to read about the card, even if it takes nothing more than a few minutes to do so. And, most interestingly, it is these people that will always be filing for personal bankruptcy and looking at options like card consolidation. Again, credit card consolidation is a good thing, but I ask you this; would you allow Michael Vick to look after your dog? Then how can you sat that a proven abuser of credit (such as users of credit card consolidation services) will not abuse a zero interest card service? It means these poor folks are locked into a cycle of debt that will be very hard to break for them.

Look, let’s face it.These cards are something that is too much for many people to wield. The media (mainstream, electronic, you name it) will always try to get a good story and talk about several stories of personal bankruptcy that fail to criticize people’s spending patterns. I know of people going to Switzerland in a week’s time telling me that they wish they had the money to pay off their debt. Really, buddy? You want a personal finance tip, I’ve got one for you; take your debt issues seriously and stop playing pin the donkey with your credit card. It only has as much power as you give it.…

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Business Accounting – The Two Main Accounting Methods

Business Accounting – The Two Main Accounting Methods

Accounting techniques are the different ways in which a business will organize their financial records in preparation for financial reports. There are two main methods to choose from, which are called the accrual basis and the cash basis. The method chosen will depend on a number of factors, including IRS (Internal Revenue Service) tax requirements, sales volume and if the business gives credit to customers.

Although these records are needed by law, they can also be useful for business owners when it comes to business decisions based on financial situations. The method chosen by small business owners is important because although the technique can be changed at a later date it can be difficult to make the change over. With this in mind small business owners need to really think about which technique most suits their business.

Cash basis accounting records focus on how cash flows in real time, factoring in how income and expenses are calculated with that method. Once you physically get funds into your account, that is recorded as income, instead of just recording when you earned it. Expenses, on the other hand, are factored in when the money actually leaves your hands, instead of when they are ‘spent’. With the help of this accounting method, you can delay billing if you like, so you can place it in the following year and hedge your bets with the IRS, or pay things earlier to avoid later trouble.

The cash basis has its benefits. It is easier to understand and carry out than the accrual technique, cash flow is depicted accurately and you can delay taxation of income until you actually have it. Expenses and your revenue depends upon on when you receive and pay out money, although this can be a benefit it can also be a disadvantage because it can give an inaccurate image of the financial situation for a business. This is where the accrual basis comes into play, it differs from the cash basis because it recognizes expenses and income when they apply and not just when the cash has changed hands, leading to a more accurate depiction of a businesses financial situation in any given period.

With the accrual basis of accounting. you record income and payments when you actually earn them, instead of when you choose to pay them. With the accrual method, you will have a much better notion of how you are doing financially in the long term. However, it is far more complicated to figure out and record, and you might have to pay income taxes on the money you bring in before you actually get it, which can be unfortunate to go through.…

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Business Plans for Getting a Business Loan

Business Plans for Getting a Business Loan

Unlike a business plan that is specific for an investor, a document specific for a lending institution will be somewhat different. This is due to the fact that you are going to need to focus much more heavily on your credit, the tangible assets to be purchased with loan funds, and how the business will be able to repay its obligations over a specific period of time. When you are writing a business plan in order to obtain a business loan then you are going to want to immediately outline the anticipated terms of your credit facility. This includes discussing the total loan amount, anticipated interest rate, and the term of the credit. This should be placed directly within your executive summary as well as the financial section of the business prospectus.

Your business plan should consist over several components that focus on how you intends to repay your loan. A well developed profit and loss statement as well as a cash flow analysis will allow a banker or a financial institution to understand how the business will support this debt obligation. Within your financial section, you should create and include a full loan amortization schedule that will showcase on a month to month basis the ongoing interest payments, repayments of principal, and total outstanding loan balance. If you do not know how to properly develop this aspect of your business plan then you should have your certified public accountant produce this section of your document. Additionally, there are many online programs that can calculate a business loan amortization table for you.

One of the very important aspects that you need to provide a focus on, in regards to your business plan, is to showcase the tangible assets that will be acquired. You should heavily discuss how these assets can be used as collateral for your loan. It should be noted that you may be required to provide a deprecation schedule. This is important because, over time, most assets lose their value. In the case that you are acquiring real property then you are going to want to showcase how this property may appreciate over the life of the business loan. You may need to have a property appraiser assist you with this matter as banks and financial institutions have become very stringent regarding financing that is specific for tangible asset and property purchases. We are going to continue to provide you with a tremendous amount of information regarding these matters though our series of articles dedicated to business planning.…

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Exploring Different Types Of Roofing Materials

Exploring Different Types Of Roofing Materials

When considering a new roof system, it may be helpful to understand the different types of roofing materials that are available. It is also a good idea to take maintenance costs in consideration, and not simply purchase based on upfront price alone. Many materials also come in a variety of color options that can be very aesthetically pleasing.

Asphalt shingles are one of the least expensive options when it comes to roofing materials. Although they require very little maintenance, they also have a shorter life expectancy than other materials. In most cases, when asphalt shingles have reached the end of their life expectancy, it is necessary to replace the entire roof.

Wood options include shingles and shakes. This type of material requires a lot of maintenance, but can also be a beautiful addition to a traditional style home. They are generally more expensive than asphalt shingles, but can last up to 50 years if they are maintained properly.

Metal roofs range from aluminum to copper to steel and can be a very energy-efficient option. They are usually available in a variety of colors, and can also be molded to look like shingles or shakes. They are very durable, and are also weather and fade resistant. They are less expensive than wood, and have a life expectancy of over 50 years.

Slate tiles come in a wide variety of colors, and are very durable. In fact, most slate roofs can last for over 100 years. One thing to keep in mind; however, is that these tiles are extremely heavy, and must have the proper support structure. They can be very expensive to install, and the individual tiles are very fragile.

Clay tiles are also a very heavy option that requires the right type of structure, but can be very aesthetically pleasing on homes that have a particular style, such as Spanish or Italian. Although clay tiles can be an expensive option, it is fire and weather resistant.

An eco-friendly option would be a green roof. Although this will depend on the slope of the roof, green roofs can offer many benefits if they are properly installed and maintained. These are known to improve air quality, and increase biodiversity, and some people have designed entertainment areas, or grown their own food on a green roof, which also makes it a dual purpose option. Green roofs can be an expensive option, and can require a great deal of maintenance. There is also a specific layering process that should take place when installing a green roof. Obviously, this is a more involved process, but there can be several benefits associated with installing a green roof.

When exploring the different types of roofing materials that are available, it is important to remember that the structure and style of the home can often be a factor. There are many alternatives that may be more expensive in the beginning, but also offer a larger variety of color and style choices that can last for a very long time. It may also be a good idea to speak with a professional roofing company to see which options would be the best solution for a particular home or building.…

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Best Business Finance Software to Purchase for Your Small Business: Peachtree and Quickbooks

Best Business Finance Software to Purchase for Your Small Business: Peachtree and Quickbooks

Peachtree Complete Accounting and QuickBooks Pro – Two of the Best Accounting Programs for Your Small Business

Are you in the market for purchasing software for handling and managing the financials of your small company? If so, read the review below of two of the most popular programs available in the market today!

Peachtree Complete Accounting – is business finance software offered by SAGE. This finance software tops the list when it comes to consumers’ choice of the best accounting software for small business. It is business accounting software known to many as the all-in-one accounting solution. Besides being a repository of all of your accounting transactions, there is other functionality that includes audit trail reports, invoicing by e-mail, modules for job costing, fixed asset management, and can be integrated with Microsoft Word and Microsoft Excel.

You can expect to pay on average about $199 for this business accounting software. However, it’s worth it for the peace of mind and money you’ll save from having an accountant do it for you! There are also other versions of accounting software programs made by Sage. Your business needs should determine the right accounting package for you. So make sure that you choose software that provides the features that are required by your organization.

QuickBooks Pro – developed by Intuit, Inc. is another one of the most popular accounting solutions for small business enterprise. Although great for your general ledger activity, you can also expect the capability of tracking sales, creating invoices, bill paying, customer and expense tracking, organization of finances, check printing, create purchase orders, inventory tracking, and much more! What’s more is there is also a trial version that you can download (QuickBooks Simple Start). As with Sage’s software programs, there are a variety of QuickBooks accounting software versions. They are industry specific and provide more add-on services. Don’t worry if you are a Mac-user there is also a version that’s compatible for your computer environment and to fit your needs.

A few features that most entrepreneurs look for in a finance program are: The ability to track revenue and create customer invoices. The ability to manage accounts payables, vendor information, write and print checks. The ability to create financial reports for financial analysis purposes. You can’t go wrong with purchasing one of the best. However, make sure to research a few more before making a final decision.…

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How to Get Easy Finance Car Loans at Affordable Rates

How to Get Easy Finance Car Loans at Affordable Rates

If you are shopping for a new car and need to obtain your loan in a hurry you will no doubt want to know how you can get easy finance car loans. With the automotive industry still recovering from the global economic down turn, it is not difficult to get auto finance these days, and knowing where to look and what to look for will prevent you from rushing into signing dealership loan contracts that may not offer the best rates or terms.

The most important thing that you will need to avoid, when getting easy finance car loans, is paying too much for your loan. Some companies who offer fast and convenient auto financing will often charge more for this convenience, but by shopping around before you begin looking for your new motor vehicle can help you find easy finance car loans at the most affordable price.

Nearly everyone who is in the market for a new vehicle will know whether or not they will need to obtain finance for their purchase. Therefore, your new car shopping should begin with considering your financing options. Easy finance car loans are best secured if you are borrowing within your budget, and so this is the first thing you need to consider when looking for a car to purchase. If you are unsure of what you are able to spend on your new vehicle you can use an online loan calculator to help you work out what your repayments will be. Lenders are more likely to approve easy finance car loans if borrowers have room to move in their repayments, and so you should always check that your purchase is well within budget.

Another thing that may be useful when looking for easy finance for your vehicle, is to get a pre-approval on your loan. There are many lenders who can pre-approve your car finance, and when you obtain a loan pre-approval, not only will your loan be processed a lot faster and easier once you have found the vehicle you wish to purchase, but you will also ensure that you stay within your budget. Easy finance car loans are often best obtained with a pre-approval.

The best place to look for easy finance in order to purchase a vehicle, is on the internet. There are many companies who offer fast and convenient online lending, and since you will have access to a large number of these providers, you will have a better chance of getting easy finance car loans at a great rate. Applying for a loan, or a loan pre-approval online is simple. All you will be required to do is complete a standard application form that will then be submitted to your loan provider over a secured network. You will receive approval in a very short space of time and, once you have provided any other necessary documentation required by your lender, your loan will be processed.

Getting easy finance car loans is not difficult. But, unless you take the time to consider your financing options before you begin shopping for your new vehicle, you may end up paying more than you should for your finance.…

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Personal Finance News – The Procedure of Paying a Financial Planner

Personal Finance News – The Procedure of Paying a Financial Planner

If you’re looking for personal finance news, you need to check out CNN Money. This is one of the greatest sources for personal finance news that will provide you the latest news you need to understand from its web pages.

Once you keep your eyes wide open, you will realize that there are lots of online and offline personal finance news obtainable to you. Just try the CNN Money web pages if you want to find the valuable advantages offered there.

Get Something In Return

The significance of finance news that you need to understand is that you’ll be able to learn how to plan your personal finance appropriately. Besides, you’ll learn why financial planners actually charge people who avail of their service. Though, lots of news will try to make you understand that you should make certain that you will get something tangible in return for the money that you pay them even though there is no wrong with shelling out money to a financial advisor.

In the personal news, you will find that reader will be questioned on why they against to pay high fees to financial planners. Afterward, reader will learn the answer that there is actually nothing wrong in hiring a financial planner. This is completely wrong if people don’t recognize what they are paying for.

Accordingly, having whetted the reader’s interest regarding paying financial adviser’s their fees, this personal finance news article then goes on to inform readers what they should in fact be paying their financial planners. It’s thus good to learn that you pay the financial planner to make a good plan with which to manage risk. Additionally, this personal news will also provide you other useful information.

Lastly, one thing that can be concluded from personal finance news is that you must become conscious that whatever services are obtainable to you by the financial planner are based also on the planner needs and aren’t completely impartial.…

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Great Business Start-Up Ideas For Under $5000

Great Business Start-Up Ideas For Under $5000

In today’s economic environment, individuals with entrepreneurial mindsets are exploring new ideas for businesses that will not only survive in a recession, but will also thrive. The key to starting a new business is maximizing its resources while remaining lean in operations. Let’s face it: most people do not have $100,000 sitting in their pockets. So, how is it possible, then, to start a business with a minimal amount of capital? The good news is that there are literally hundreds of business concepts that can be created with less than $5,000 in start-up costs.

Businesses under $1,000

Yes, believe it or not, it is possible to start a business under $1,000. According to , there are 82 business categories that do not require more than $1,000 in start-up fees. For example, to become a Merchandise Demonstrator, start-up costs are estimated between $500 and $1,000. However, earnings can rest between $20,000 and $35,000 per year. This business requires a person who has garnered a network of business contacts to demonstrate products for one or more specific companies at trade shows and seminars. This business can be learned first by handing out samples at grocery stores, which typically pays up to $50 per day. By beginning here, the person has a launching point from which to establish relationships with larger corporations, with the ultimate goal of merchandising their products. Other examples of inexpensive businesses under $1,000 entail Lawn Care Services, Toy Cleaning and Repairing Services, Reminder Services, Professional Organizers, Motor Vehicle Transportation, and Roommate Referral Services.

Businesses between $1,000 and $5,000

The good news is that there are literally hundreds of business concepts that can be created with $5,000 or less. As reported by the aforementioned online source, 136 businesses cost between $1,000 and $5,000 in start-up fees. Most of these concepts only require a phone, desk, and a few other tools such as a list of established contacts and a passionate drive to build a steady pipeline. Some of the more interesting businesses that stood out include a Resume Service Provider, a Mobile Hair Salon, a Meeting Planner, a Mover, a Window Washing Service, a Vending Machine Owner, Flower and Tree Cutting and Trimming Services, and Speechwriting Services. Now, these are only eight of the 136 businesses listed, but are businesses that may appeal to a larger number of entrepreneurs, than the more concentrated, niche-targeted businesses such as an Adoption Search Service firm.

The antiquated notion that a business cannot be started without a large lump sum of money is no longer the reality. Many businesses today have flourished based off of lean operations and low start-up costs. Today’s world does not require every type of business to begin its first day in operations out of a 10-story office building with leather couches and a glitzy waiting room. Companies can start out of one’s home and see immediate results. Entrepreneurial expert Bonny Alpo, who has owned her own copywriting service since 2005, reports that the least expensive business concepts revolve around pet care, home care, and delivery and moving services.

There’s no excuse for not being able to start your own small business either as a full time effort or start off part-time until it grows. Contact Ethos Mentor () for additional assistance and business coaching.…