Info NEX Finance

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

Month: January 2019

Personal Cash Advance

Personal Cash Advances

This is one form of short-term loan which aims to offer loanable cash to people who are in dire need of it. It can be in the form of a payday loan which makes it payable within a short period of 14 days or up to the next payday. Some cash advance providers may offer longer repayment cycle especially for the non- first timers. The amount of cash you can borrow may vary depending on consumer practices of the state.

Advantages of Using Cash Advance Services

• Money can be obtained within 24-48 hours.

• No need to worry about stringent credit and background checking. As long as you can prove that you are employed or you have a steady income, then you can apply for it.

• Inquiries can be made via the web, on the phone or through e-mail. Most businesses offering this service accept initial inquiries online.

• No need to show or provide any collateral. You just have to ensure that you can pay the loaned amount on time.

• Even those without a bank account can avail. They can have their money through prepaid cards instead.

• For people who remain to …

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Obtain An Unorthodox Loan

The first variable to consider is: Who is the lender? The underlying questions here are: What types of risk are they willing to take and how flexible are they in applying a solution for these risks? The typical lender of choice for people is a bank. Banks are known for being conservative and conventional in their lending practices. Therefore if you have risks that are not standard, you will likely not get the best deal on your loan, or the loan may come at a high cost. The banks should not be ruled out because there are cases where exceptions are made depending on how the loan is approached. Other lenders that are available to you as a borrower are private lenders, smaller institutions or mortgage brokers. Private lenders are lending their own money and may cater to real estate deals or business deals. Smaller institutions like credit unions or smaller banks may not as stringent as the major banks. Mortgage brokers are people that can shop around and find the best deal from among many different lenders, both traditional and non-traditional. If one type of lender is not providing you with a satisfactory loan, try another type of lender.…

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Successfully Get Personal Loans

One of the best and easiest ways is to save finances. But, sometimes saving finances is not sufficient to provide you with what you need. Another option to gain finances is to invest. Investing can be very profitable, but this can also be very dangerous most especially if you opt for the wrong investment.

So, if you are looking for an easy and safe way to obtain sufficient finances, you can also opt for personal loans. These are offered by almost all banking institutions. Unfortunately, not all individuals are eligible to get loans. To help you get personal loans successfully, listed below are some factors you need to consider.

Good credit history

First and foremost, before getting a loan, you need to consider your credit record. Having a bad record can affect your credibility in paying your loan. Therefore, you need to be sure that you have a good credit history. Other than credit history, you can also open a savings account and contribute to it regularly. In this way, banking institutions can determine how you will manage your loan repayments.

Loan realistically

When it comes to loans, individuals can loan as much as they want. However, it is best …

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Save Money On Car Loans

If your credit rating is good, you should have no problem in negotiating a low interest rate. However, there are still basic principles, which apply during your search to find ways to save money on car loans. If you have a pile of credit card bills to pay and have made recent large purchases such as another car or a home, it is likely that your loan will have a higher interest rate. The object is to save money while negotiating your car loan.

Having a good credit report is an important asset and one of the basic requirements for saving money on car loans. You should always keep your payments current to avoid those nasty little “late” notices that appear on your credit report. It is especially important that your debts be paid on time for a few months prior to applying for a car loan. You will be asked to list financial institutions in which you have accounts, and it’s nice to be able to show some savings, too. Your credit score may be reduced which could prevent you from saving money on your car loan. Your credit score also dictates the interest rate on your loan.

Another …

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Choosing Money Transfer Provider

The costs of transactions

Sometimes the exchange rate could be favorable but then, the costs per transaction may be high. This is not an ideal scenario for many. You need to consider just how much you will be charged as the commission or the transfer fees before a transfer can be effected. One way to make it less hectic is to consolidate the smaller payments into only one. This lowers costs. There are providers that have better rates and yet others waive the fees altogether when a large payment is made.

Convenience

Some of the companies offer a very easy way to signup, others take so much time. There are online providers that offer their services 24 hours a day, and seven days a week. You, however, need to see the delivery and payment methods that are offered so as to ensure that all your needs are satisfied. Check for features like mobile wallet options.

Currencies needed

Not all the companies will operate in all countries and even offer all currencies. When you have to send money to areas that are remote where currencies are not popular, you may have to deal with delays. It is important you check that …

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Credit Card Entrapment

The next time you open up your credit card statement, take a real close look to all the “junk” inside particularly the very hard to read insert Call “changes to you credit card agreement”. That’s right the one you always throw away or say that I’ll read it later and never really do.
Since you neglected to read all that fine print you just threw away you should realize what you just did. In essence you just agreed to all the changes the credit card company made IF (and that’s a big “IF”) you use your credit card again. Most people do and don’t even read all “that stuff” in the envelope with their statement. Since these were automatic changes effective immediately or on a specific date that they set in the new terms and conditions.

Some of the ones the credit card companies use most often include, but not limited to, changing your APR (annual percentage rates) you thought that 0% would last forever? Changes to your existing fees and/or adding new fees. Let us not forget that they also like to change your grace period, the time that you can pay it off and not receive a finance …

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Student Education Loans

An education is an investment of your time, energy and money, so that you may obtain the maximum benefit in the future. Availing education loans has become quite easy in present times. But, the real challenge arises when you have to choose between the various student education loans. It can be quite a daunting task to read through the several fine prints and the various policies put forth by each bank. Before you go ahead with knowing about student education loans what you need to know is that there are certain prerequisites to avail your education loans. These requirements vary from one bank to another; however there are certain general pointers to be kept in mind in order to increase your chances of a successful loan sanction.

  • First, you have to decide if you are going to study within the country or abroad, this determines the maximum loan amount you are allowed to borrow.
  • Then, ensure that you have a decent academic record, because this influences the final decision to a considerable extent.
  • Next, ensure that your family’s income will be sufficient especially during the loan repayment stage; otherwise chances are the banks may outright reject your application.
  • Another important
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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 certain things. The first law of gold in the amazing book “The Richest Man in Babylon” Says to save 10% of your income. The 50/20/30
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