Info NEX Finance

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

Author: Melissa Johnson

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 you a snap shot of an Advisor’s employment history, licensing information and regulatory actions, arbitrations and complaints. Wouldn’t this be good information to have …

Read More

Secured Loans and Options

Where can you get a secured loan? There are several different options available for this kind of loan. Ask friends and family if they have any recommendations of a loan company for you. One of the first options is a loan company that specializes in secured loans. Call around to find one that will loan you money based on an item or items that you might have. You are sure to find one that will help you and your finances.

Another choice for a secured loan is a pawnshop. Pawnshops loan money based on the item or items that you bring them. They usually loan money on anything from movies to jewelry to electronics. This is a great choice if your options are limited. If you do not pay your loan, then the pawnshop keeps your item and resells it.

Car title loans are an option too. You need to keep in mind that if you do not pay the loan, then you will lose your car. This option is only a good one if you are positive that you can pay off the loan in the specified period of time.

Payday advance loans are available through many companies. You …

Read More

Secured Personal Loan

There are two ways a borrower goes for a loan–secured and unsecured loan. While in secured loan lender demands security in the form of home, car or valuable papers; in unsecured loan, financial strong position of the borrower matters the most. Clearly, to a borrower of average financial position, secured personal loan becomes the best option.

With secured personal loans you avail the loan by using your own asset as security offered to the lender. Secured personal loan is available immediately and that too at lower interest rate. Moreover, you can have a loan of larger amount if need be so.

Average borrower can benefit immensely from secured personal loan.
Borrower’s first concern is the interest rate. The very fact that he is in urgent need of money reveals his financial and cash in hand position.
When he opts for offering his own property to the lender as security against loan, he is most surely to get loan at a lower interest. The security ensures lender that he will not loose his money in case the borrower fails to return the amount. Hence, interest rate remains lower. But how low will it be, will depend on how much the equity …

Read More

Free Credit Report

At last count, there were more than two hundred registered domain names with names that were similar to the official annualcreditreport.com or which contained the phrase “annual credit report.” Since it is quite easy to misspell a domain name, particularly a long one, many consumers have found themselves at sites other than the one they intended to visit. Most of these other Websites exist for the purpose of selling a credit report, rather than providing them for free, but others are designed to fool the consumer into providing personal information that the site owners may be able to exploit for personal gain. Other sites with similar names merely offer advertising or redirect visitors to porn sites.

What’s to be done? Not much, it would appear. Several of the sites that were created to fool consumers into providing personal information have been taken offline, but others will undoubtedly follow. Any sites that are established outside of the United States are immune to U.S. law, so it may be difficult for authorities to take any action. Consumers who are not overly familiar with the workings of the Internet would be better off contacting the credit bureaus directly by mail or phone. Anyone …

Read More

Surefire Ways To Repair Bad Credit

  1. Stop using your credit cards immediately. Put them somewhere where they will not tempt you. You may consider keeping at least one card for emergency purposes. Additionally, with poor credit, you may find it more difficult to get a credit card in the future. If you keep at least one account open, then you won’t have to worry about applying.
  2. Be Honest With Yourself. Taking a good hard look at your financial situation, particularly if it isn’t good, can be very difficult. Yet, to get out debt you have to fully understand what the situation is.
  3. Find the Errors. Believe it or not, up to 40% of all credit reports have errors in them. If you find that your credit report shows something that is not true, you need to write to them with all the details. Be sure to use certified mail so that you can keep track of who you wrote to, when you wrote, and who received the mail on the credit bureau’s end. Then ask the credit bureau to send a corrected report to anyone who has requested a report on you in the last 6 months.
  4. Find the Omissions. By law, you are allowed to
Read More

Fueling the Dream

At first glance, the sticker price of any college might seem expensive, if not exorbitant. However, financial aid wipes away a substantial amount of that price. Thus, it enables college students to earn their degrees. It comes from several sources, such as:

  • The federal government (approximately 73 percent)
  • Colleges and universities (about 18 percent)
  • State governments (about 5 percent)
  • Several private organizations, e.g., companies, religious organizations (around 4 percent) and
  • Banks and financial institutions

Financial aid comprises:

  1. Grants from the federal and state governments: They award grants based on the financial circumstances of the student. The student does not need to repay these.
  2. Scholarships from governments, colleges and private organizations: They provide grants based on the student’s skills and abilities in academics, sports, volunteer work, and so on.
  3. Loans from the federal government (low interest) or private lenders (high interest): Students need to repay these along with the interest component.

To receive financial aid, students must apply via the Free Application for Federal Student Aid (FAFSA). They must submit the FAFSA by January 1 of the year in which they plan to attend college.

Students could also apply for financial aid from the colleges they apply to or other financial …

Read More

About Bankruptcy Prevention

When you planning your company your business model the best thing you can have going forward. Business models are the only thing one can do when wanting to succeed in life. Unfortunately, there is no one size fits all business model. Personally, the best business model is the one which lack flexibility.

A business model which lacks flexibility prevents you from making too many decisions too quickly. When you make quick decisions you cause confusion at lose the trust of your market. There is a clever way to avoid losing a market with a simple mentality purchase investments. Purchasing investments are easy but difficult. Bankruptcy prevention can take place if you are willing to part ways the mega salaries.

Bankruptcy prevention will not be easy since there is no real way to execute the plan. However, you can actually take precautions when you build your business. Hiring the right people is the most important step when executing the right moves. One of the main culprits is usually change in consumer behavior no matter how great the company’s business model. As an entrepreneur there are so many challenges they quickly go up and they quickly go down. When you make the …

Read More

Student Loans in Bankruptcy

A Brief History.

Student loans really did not pop into existence in America until 1958 under the National Defense Education Act. 1. These loans were offered as a way to encourage students to pursue math and science degrees to keep us competitive with the Soviet Union. 2. In 1965, the Guaranteed Student Loan or Stafford Loan program was initiated under the Johnson Administration. Over time, additional loan programs have come into existence. The necessity of loans for students has become greater as the subsidies universities receive have fallen over time. Take Ohio State for example. In 1990, they received 25% of their budget from the state, as of 2012 that percentage had fallen to 7%. In the absence of state money, universities and colleges have increased tuition to cover the reduction in state money.

The Rising Cost of Education.

The cost of higher education adjusted for inflation over time goes something like this, in 1980 the average cost for tuition room and board at a public institution was $7,587.00 in 2014 dollars and by 2015 it had gone up to $18,943.00 in 2014 dollars. The cost of a higher education in 35 years with inflation accounted for has gone up …

Read More

Online Loans

Getting loans is easy for Used Cars. All you need to do is to visit the website of the lender and make your application. To increase your chances of getting the loan carefully read through the requirements required and provide them.

The cool thing is that online loans are one of the easiest to get at Auto Village. In fact, when you apply for them, the lender will give you the loan even if you have bad credit. All the lender wants to know is whether you can afford to pay. To prove that you can repay the loan once it’s given to you, you should provide a bank statement or proof of employment.

As mentioned above, many people are going for these loans due to the comfort that they come with. Some of these advantages include:

Ease of access: This is no brainer. As mentioned, you don’t need a stellar credit score to get these loans. As long as you prove that you can afford to repay the loans. You are ready to go. This is unlike with the traditional loan lenders that will require you to have a good score to get the loans.

Also, …

Read More

Deal with Hire Purchase Debt

WHAT IF I CANNOT AFFORD TO PAY?

If you fall behind with your payments on a Hire Purchase or Conditional Sale Agreement, the creditor may be able to repossess the goods. Look at your agreement. There will be a box telling you how much you need to have paid to stop the creditor taking the goods back without a court order. This should be a third of the total amount payable under the agreement.

If you have paid a third or more of the total owing, the creditor must go to court to ask for the goods back. They cannot just come round and remove them. Even if you have not paid more than a third of the agreement, the creditor will need an order from the court to remove the goods from “any premises” they are on.

This appears to include your garage or drive but not a car park or roadside. If your car is parked on the road, or in a public car park, then it would be at risk.

WHAT IS THE PROCEDURE IF THE CREDITOR HAS TO GO TO COURT BEFORE THEY CAN GET THE GOODS BACK?

There is still a chance that you can …

Read More