Info NEX Finance

Finance is not merely about making money. It's about achieving our deep goals

Habits of Financial Health

Financial fitness, like physical fitness, is mostly about good habits. Here are some habits to adopt for better financial health.

  • Know how much you make and how much you spend
    Knowing how much you make every month is where you should start. If you have a fixed salary, it is easy. More difficult if your salary depends on commission. Even harder if it is purely based on them. If you work in a cyclical business, then you will probably have highs and lows throughout the year.
  • Spend less than you earn
    This habit is at the core of all good financial management. It is how rich people get rich. When you spend less than you earn, you save. And what you save becomes wealth. First, you need to know how much you spend. You need to start to register all your expenses. Starbucks, Movie ticket, Milk,… , everything goes into it. The first three months should be taken as “survey months”, I am sure you will be surprised on how much you actually spend on
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Find Financial Advisor

Let’s look at 3 things to pay attention to when selecting the right Financial Advisor for you and your family. First how do you know they are legitimate, second how do you know they have your best interest at heart, and third how do you know they will be a good fit for you? Let’s explore all three of these questions in some detail to help you get the help you need.

So how do you do your due diligence and make sure an Advisor you are thinking of working with is actually a legitimate Financial Advisors with verifiable experience and up to date licenses? The first place you might want to check is a web site called Broker Check. You can just search Broker Check to find the official website. This website has a free tool to research the background and experience of financial brokers, advisors and firms. Broker check can tell you instantly whether a person is registered as required by law to sell securities offer investment advice or both. Broker check also gives

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You Can Take to Get Paid

  • Step #1 Gather together all the past due invoices, and stamp them PAST DUE.
  • Step #2 If you have an email address or phone number with a contact name for your client, email them or call them and give them the information on the past due invoices and let them know their account is on hold.
  • Step #3 Mail the invoices to your client with return receipt requested or send them in a flat rate Priority Mail envelope with delivery confirmation.
  • Step #4 Send a letter with these invoices stating the age, invoice numbers, their PO#, your account #, total amount due, and any other pertinent information.
  • Step #5 Tell them their account is on hold and you will not be shipping any more products or providing any services to them until these invoices are paid. You can include a self addressed envelope and state that you have enclosed an envelope for them to send their check. Give them a date, to have this paid to you.

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About 0% Credit Cards

A balance transfer credit card is basically an offer of either a zero interest rate or very low interest rate for a set period. The typical period is 6 months although there are variations on this and there have even been some low rates set for the lifetime of the balance. However, these are becoming rare. Once, the offer period expires then the outstanding balance reverts to the standard rate on purchases. This is very important, as at this point the credit card company will hope the consumer will not take any action and so the company can begin to earn money on the balance.

A 0% purchase offer credit card has many similarities to the balance transfer offers. The introductory rate and period are usually 0% and 6 months in the same way as the balance transfer. Also, once the period expires the outstanding balance is subject to the standard rate on purchases. It is an important point to note that the introductory rate does not apply indefinitely on purchases made in the period, but only applies for the duration of the introductory period.

It is often the case that credit card companies will offer

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Credit Counseling

In addition to getting harassing collectors off your back, credit counseling can be an educational experience that you can carry with you throughout life. Whatever the reason for your financial problems, credit counseling can teach you how to avoid those problems in the future should you be faced with the same circumstances.

Credit counseling is confidential and rightly so as money is quite a private issue for most people. Some even find it difficult to have such intimacies exposed in credit counseling. Hopefully you will be met with a caring and professional credit counselor who can ease your worries and make you feel at home discussing your current financial situation.

One of the things that you should learn through credit counseling is how to make the most out of the money you have. How to stretch your dollar, so to speak. Of course this will help your current situation but it will also help you hold on to more of your money in the future and keep you out of situations similar to the one that brought you to credit counseling in the first place.

Credit counseling is not for everyone by any means. Some

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Shoppers Beware

  1. Protect your account numbers – Most stores only print the last four or five digits of the charge account on your receipt. However, some stores haven’t caught up with technology. If the merchant makes an impression of your charge card, be sure to ask for any carbons that are part of the receipt. “Dumpster divers” can lift account numbers from discarded carbons to steal your identity and your account information.
  2. Protect Your Social Security Number – If you are asked to provide a SSN when making a purchase, challenge the cashier as to why they need this information. Request that some other form of ID be used instead of your SSN. There is no valid reason for them to request this information. You provided it when you applied for your account so they should already have this on file.
    However, if you’ve opened a new account, don’t be surprised if the cashier asks to see some form of picture ID, such as a driver’s license. Don’t view this as an imposition, remember that the store is actually taking steps to protect you – making sure that you are the account holder.
  3. Keep an eye on your
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Online Loan

An online loan came to benefit both the borrower as well as the loan provider. The ease with which online loans resulted into will be best illustrated when compared with the scenario that prevailed before its inception. A borrower was required to be present at the loan provider’s office for all the documentation. The situation became more troublesome when the period of operation of the loan provider matched the office timings of the individual. This excludes the plight of common borrowers who had to visit several lenders to check their loan offering. There was no other manner in which the borrower would have conducted the search in those days. Most borrowers who could not have borne the inconveniences of the process unwillingly accepted the offers that came to them, with full knowledge that they could have received better deals.

The benefit to the loan provider accrues in terms of the decrease that online loans have brought about in the paperwork. Details of each borrower needed to be documented. This would often be too time-consuming. Besides, there was unnecessary wastage of stationery and required the employment of personnel to undertake the job. An online loan saves for the

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Strategy To Erase Credit Card Debt

  • In an Excel spreadsheet list all your credit cards, balance, credit card interest rate and minimum payment from your most recent credit card statement. If you are not computer savvy, you can list them on paper.
  • Sort the list in ascending order of interest rate so that the credit card with highest interest rate is at the top and the credit card with lowest interest rate is at the bottom.
  • Make a count of minimum payment of all the credit cards in the list you just created.
  • Now calculate how much money you can save to pay off your credit card debt and become debt free. If you cannot pay off more than the minimum payment, it is time to do some budgeting to save more and pay towards your credit cards.
  • Each month pay off the minimum on all your credit cards. However, on the credit card with the highest interest rate, pay the minimum plus the additional amount you have saved to pay off your credit card debt.
  • Continue to follow this strategy until the credit card with highest interest rate is completely paid off. In a similar manner, work on paying off your second credit card but

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Secured Loans

available in your property, which means the amount of the market value minus any loans or mortgage outstanding on it. There are many benefits available with secured loans, and you will find that this type of finance is one of the most cost effective options available. With secured loans you can look forward to far lower interest rates than most standard, unsecured loans, and this is because there is less of a risk to the lender since the loan is secured against an asset.

Secured loans also offer far high borrowing levels than unsecured loans, although the amount available to borrow will depend in your equity. However, you could find yourself eligible to borrow tens of thousands of pounds with secured loans, which could prove invaluable if you are looking to raise a large amount of finance for just about any purpose. The repayment period with secured loans is also far longer than with unsecured loans, which means that your monthly repayments will be far lower.

The other great thing about secured loans is that they are far more easily accessible to those with poor credit than a standard, unsecured loan. This is because the lender

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Credit Card Fees

Annual fee:

An annual fee is charged for the privilege of having the card, whether you ever use it or not. Many credit cards offer no annual fee and a low interest rate to their best customers, or to those with excellent credit. If you’re trying to recover from a bout with bad credit, your only choice may be a card with a relatively high annual fee. In that case, look for one with the lowest APR you can get, and be careful to avoid triggering other fees.

Cash advance fee:

When you use your credit card to get a cash advance, there is often a cash advance fee. It may be a flat fee per cash advance (say $5, no matter how much cash you borrow), or a percentage of the amount advanced – 5%. This fee is in addition to interest that you will pay on the amount.

Balance-transfer fee

Usually, when you transfer the balance of one card to another, the credit card company will charge you a balance transfer fee. Like the cash advance fee, it may be a flat rate, or a percentage of the amount of the

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Halifax Loans

The Halifax personal loans can provide for loan amount up to £25,000. Halifax loans which take amounts above £7000 are given at a special interest rate applicable only to Halifax customer. The repayment term ranges anywhere between 1-7 years with a fixed interest rate throughout the term. Halifax personal loans are applicable for any purpose – debt consolidation, home improvement, new car, vacation. Personal Halifax loans are offered as both secured and unsecured loans. Halifax loans are one easy, convenient way to take care of the finances. With online option, the decision is made instantly and check is delivered within 24 hrs.

With Halifax homeowner loans, you enjoy exclusive rates. If you know that there is latent equity in your property which can be used to solve money problems then Halifax homeowner loans are ideal for you. Halifax homeowner loan has a borrowing range of £3000-£25,000 and you can spread the repayment over 1-25 years. There are no hidden fees for homeowners looking for Halifax loans except upfront fees for those who either have a mortgage with a different lender or Halifax itself. There is always a scope of remortgage with Halifax. This will provide you with

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Lawsuit Loans

First of all lawsuit loans are not really loans – they are non-recourse investments and are not subject to usury laws. To avoid the usury limits, which would render the product economically infeasible, the typical lawsuit loan or lawsuit funding transaction is done in the form of an investment rather than a loan. This means that the funding company only gets paid if the lawsuit or claim is successfully resolved. If you lose your case you own them nothing! Generally speaking, this non-recourse element renders the transaction an investment (not a loan) under the law.

In the past, there were no sources of help available to personal injury victims due to a strange confluence of circumstances.

  1. 1Bar Association rules of ethics prohibit your attorney from lending you money for anything but case expenses, experts, tests, travel to the doctor etc. This rule exists for your benefit. The Bar is rightly concerned that if your lawyer lent you money against your future settlement, a conflict of interest might arise, and you could be pressed into accepting a settlement that was less than you otherwise would accept. Also, attorneys are not banks and they simply can’t afford to
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Prepaid Credit Card

It is very easy to obtain a prepaid credit card because there is no credit check or employment verification since the funds you will be using are yours and not that of the prepaid credit card issuer. Prepaid credit card spending limit or credit line is the amount of money you loaded to your prepaid credit card account. Prepaid credit card carries the Visa or MasterCard logo. It can be used anywhere MasterCard and visa is accepted except renting a car at certain car rental companies and setting up automatic recurring payments.

The difference between a prepaid credit card and a debit card is that the spending transactions are deducted from the amount of money you loaded to your account unlike a debit card where the money spent is subtracted from your checking account and could cause Non-Sufficient Funds (NSF) charges. The NSF charges are due to a customer drawing funds from an ATM or making purchases that exceeds the balance in their checking account. With a prepaid card this will never happen since the prepaid card holder is not borrowing any money and can only spend the amount of money loaded to their prepaid account.

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Navigation After Financial Closur

As a bankrupt, you must understand that finding a loan immediately after bankruptcy is frequently unworkable. Bankruptcy personal loan lenders usually want to see that you have spent a minimum of two years after your bankruptcy in improving your credit status rather than borrowing more money. However, I must add that there is still scope for you to have a bankruptcy personal loan within a year of your being declared a bankrupt. You might be surprised to know that some people have managed to get a bankruptcy personal loan even one day after a bankruptcy discharge. You are required to know a few things that are essential for your path to credit recovery and access to your very own bankruptcy personal loan.

First and foremost try to pay on time on the items that were not discharged in bankruptcy like home and car. Doing timely payments on at least some of the items of credit will certainly go a long way in improving your credit status. The next good thing to execute will be to limit your credit limit on other loans such as credit cards and bank loans. This is important because too much credit will

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UK Loans Guide

Loans application

Loan application is the first step in the loans process. It gathers and record information about prospective loans borrowers. While applying for loans in UK you might require showing some documents. Documents would confirm your status as a commendable loan borrower.

Loan documents

Documentation is dependent on the loan type you apply for. For a secured loan or any homeowner loan, you property papers would be checked. Secured loans require you to pledge your property as a guarantee. Similarly, payday loans would require you to show that you have a current, valid bank account with regular income. Different loan are meant to cater to different needs and different circumstances. You would need to research more for your particular loan type.

Loan repayment

Every loan means repayment. Monthly payment for your loan is very subjective and usually dependent on the loan amount. Loan market in UK guarantees a veritable opportunity of getting a loan. While loan borrowing, it is fundamental to plan your monthly budget in order to include the monthly payments.

Loan repayment term

Loan repayment term is the time in which you repay the loan. A lot of

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Organizing Debts Better

Debt management program is all about handling your debts and stopping them from arising further. There are numerous debt management service providers in the market. These providers have tie ups with large number of lenders. They try to negotiate with your lenders to reduce the size of installments at low rates. In addition to this, following are the services which you may get under a debt management program:

  • Bankruptcy counseling
  • Education about debt handling
  • Credit counseling
  • Preparing your budget plan while discussing it with you
  • Online or telephone counseling is available
  • Analysis of your credit report

A major tool to reduce the number of debts under a debt management program is debt consolidation which is done through debt consolidation loans. In simple words, these are loans for paying loans. The rate of interest on these loans are much low as compared to total interest on your existing debts. Other than this you can also take steps from your side to avoid debt such as lesser use of credit cards, use a debit card instead, make cash purchases as much as possible.

A debt management program has following reasons which one

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Rewards Cards

How does a reward program work? Typically, the program awards points, “dollars” or a cash value based on the amount you charge. The rate at which you collect points varies depending on what you charge or where you charge it. Some programs offer extra points for using their card at a specific place such as a supermarket or fast food restaurant or for certain items.

Some programs offer a variety of rewards. Consumers can earn meals, tickets to sporting events, airline tickets, electronics, or even create their own reward program.

The goal is to get you the consumer to use your credit card as much as possible. Why? FEES! The credit card issuer makes money from two sources each time you use their card. First, from the merchant who pays the issuer a merchant transaction fee and secondly, from you through finance charges and late fees.

A recent survey found that nearly half of U.S. cardholders enrolled in a credit card rewards program have never redeemed their points. However, 60% of consumers said rewards program influences their decision when deciding which credit card to use for a purchase.

When considering an offer for a

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Avoid Too Much Student Debt

  • Determine which colleges are affordable – Tuition and fees are only the starting point in determining what a school costs. Other factors include room and board, books and supplies and personal and transportation expenses. To determine the total cost of attendance at the colleges of interest to your child, visit their websites. You also can consider the impact of any merit, athletic or need-based scholarships or grants (money that you don’t have to pay back) that your child may receive to calculate his or her actual cost of attendance.
  • Identify the average starting salary for a position in their future field – Experts recommend that a student loan payment be less than 8 percent of the student’s gross income. Of course, salaries will vary by field and region. For information about student placement rates and average starting salaries for different degrees, conduct an Internet search or consult the career placement office at the school(s) your child is considering.
  • Calculate the monthly payment on a student loan – The monthly payback amount on any loan will depend on its interest rate, repayment plan and payback period. For example, if the interest rate on a $26,000 student loan
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About Consolidating Credit Cards

Since there are so many offers out there, and lenders fight over your business, you can sometimes find solutions that can save you thousands of dollars per year. If you consolidate your debt to a credit card with low interest and 0% balance transfer, you can save considerably, and pay off your credit sooner (which, of course, is the main goal when dealing with credit card debt).

The most serious mistake people do when consolidating is to go though the entire process just to simplify their accounting, and they don’t pay enough attention to how much they could save. Another mistake is to close your zero balance accounts when consolidating. This practically means you close some of your credit options, which is never a good idea.

When you plan to consolidate, call your banks and explain the situation. They want your business, and you’ll be surprised how flexible and willing to negotiate they can be, once you explain to them that you have various options available to take your business someplace else.

There are many web sites offering solutions for debt consolidation. However, keep in mind that, while this is a comfortable and fast solution,

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Raise Credit Score

  1. Get a copy of your credit report
    Obtaining a copy of your credit report is a good idea because if there is something on your report that is incorrect, you will raise credit score once it is removed. Make sure you contact the bureau immediately to remove any incorrect information. Your credit report should come from the three major bureaus: Experian, Trans Union and Equifax. It’s important to know that each service will give you a different credit score.
  2. Pay Your Bills On Time
    Your payment history makes up 35% of your total credit score. Your recent payment history will carry much more weight than what happened five years ago. Missing just one months payment on anything can knock 50 to 100 points off of your credit score. Paying your bills on time is a single best way to start rebuilding your credit rating and raise credit score for you.
  3. Pay Down Your Debt
    Your credit card issuer reports your outstanding balance once a month to the credit bureaus. It doesn’t matter whether you pay off that balance a few days later or whether you carry it from month to month.
    Most people don’t realize that credit bureaus don’t
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No Fax Payday Loans

What are no fax payday loans?

No fax payday loans are cash advances you can get quick access to. These loans are offered on a short term basis, usually between 14 to 30 days. Loan amounts can range anywhere from $100 to $1500, depending on your qualifications. Lenders also charge higher interest rates, not only because no fax payday loans are short term loans but also because they are often unsecured loans. You’ll get a higher APR in exchange for not giving a collateral, a security or a guarantee.

Who qualifies for no fax payday loans?

To qualify for a no fax payday loan, you must be a citizen of the United States, 18 years old or older and legitimately employed for at least 6 months when you filed for the loan. Your employment must be on a full-time basis or you must have a regular source of income at least. You must also have a minimum income of $1,000 a month (or a minimum net income of $800 a month).

How do I apply for a no fax payday loan?

You will need to provide your lender with your personal details such

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About Start Building Credit Fast

As you probably already know, paying minimums on credit cards and bank loans do not lower your principle amount very quickly. When your balance is too close to your credit limit on a card, it actually hurts your score, even though you may be paying your bills every month without fail.

Paying the minimum can actually hurt you in some cases, especially on cards with high balances. Banks like to see plenty of breathing room on your credit cards. You are more creditworthy to them if you have plenty of availability on your cards.

Another reason you may be denied credit is your debt-to- income ratio. If your total debt is too close to your total income, Banks will not extend you credit. I struggled with these issues for years until i figured out what i was doing wrong. Every time i would lower my balances, I would run right out and build them back up.

By paying down your balances and making smaller purchases on your cards, you can raise your score significantly in just a few months. Only buy on credit what you can pay off at bill time. Buy something and pay

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