Info NEX Finance

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

Author: Melissa Johnson

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 operate their law practice
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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.

With prepaid credit card …

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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 go against you …

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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 your money can be saved if you plan your …

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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 should look for while applying:

  • Instead of paying for several
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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 card that offers rewards, be sure …

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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 is 4% and equal
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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, you don’t have the options …

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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 distinguish
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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 as you name, age and address, among …

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