Archive for the 'Finance' Category

Acquiring car loans from choice of loans

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TareqAre you thinking of purchasing a car but refrains from the same either because of lack of funds or bad credit score? Do not make yourself bother about car finance as car loan would cater to the exact type of loan that you are looking for. Car loan is specifically designed in order to meet an appropriate type of loan requirements. Moreover, if you are looking out for loan or car finance are made available, Choice of loans provides an online application form that helps to process out your loan request instantly. You can also seek advices and loan tips from our expert loan counselors that would help you to select right kind of car finance program meeting your requirements and budget too. Alongside this loan is differentiated as secured loan, unsecured loan and adverse credit loan. With secured loans, you can easily obtain car finance in order to purchase new or used car. What all you need to do for taking secured car finance is to pledge collateral, this would preferably be in the form of the car that you are about to purchase. The collateral that is being paid by you as security in secured car loan give surety of good returns for the car finance derived by you. In this type of car finance, one can acquire cheap interest rates and tenures for easy payment in returns of the collateral that is pledged by you.People with bad credit history can also obtain car loan as well as car finance, but there will be a slight variation in the rate of interests, however will only be a little variation due to the competition that is prevailing among the lenders in the market. People with bad credit history are basically eligible for unsecured loans where they don’t have to pledge any collateral in order to obtain car finance. The major disadvantage that a person can have by acquiring unsecured loans is that the terms for repayment would be shorter than the secured personal loans.Choice of loans is the leader in providing car loans, debt consolidation loan as well as secured loans. They also provide homeowners loan in order to make a person purchase a home of his own by giving them further finances quickly along with low interest rates. If you are looking out for homeowners loan and you have been refused by every financial institution as well as facing problems concerning home loan you can go for the services provided by choice of loans. The experts here will proffer you with free advice, explore all the available options for you as well as will provide you with secured loans. Also if you are facing problems concerning present mortgage payments then choice of loans will help you in getting remortgage loan as well as cheap mortgage loan that would definitely help you to pay off your expensive debts. Even if you have poor credit mortgage, Choice of Loans will provide you with the best possible solutions. For more information you can log on to http://choiceofloans.co.uk/

http://choiceofloans.co.uk/debt_consolidation/debt_consolidation.php

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Submitted by: Joel Walsh

Writing a debt collection letter is one of the most important skills of any small business owner. Do you have what it takes to get the money youve earned?

I have a confession: I’m a business writer who’s let clients get away with not paying me–a huge sign of failure of my writing abilities. You see, I never learned one of the most important writing skills for any self-employed person or small business owner: how to write a debt collection letter.

Debt collection letters–an overview

“Debt collection letter” in the singular may be an oxymoron, since unfortunately, one is rarely enough. You should have a series of letters to send to deadbeat clients, each one becoming a little more insistent. Here are some ideas for a five-letter series.

1. Dont make your first letter look like a collection letter at all. Make it a friendly note. Youre more likely to get money from someone who thinks of you as a partner than a dun.

2. If that first letter doesnt get a response–and usually it wont–send another the next week thats more urgent and directly asks for the money. Express your concern that you have not been able to contact the client. Ask if he or she is all right, and if he or she is having any trouble paying.

3. The next week, if you still have not gotten a response, send a letter referring to the payment terms in the agreement you and the client originally made (you did have some kind of written agreement, even if it was just on the back of your invoice, right?). Mention the effect this nonpayment is having on your cash flow, and that your businesss cash flow is just as important as theirs.

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4. Still no response by the next week? State plainly that you are asking for the money for the final time before referring it to collections. Include a copy of the entire agreement between you and the client.

5. If you still have not heard back from the client, and are confident that you do not simply have a problem with their contact information, call a collection agencyin fact, you may have wanted to have gotten a collection agency from step one (more on that below).

More Tips for Successful Debt Collections

Tip: Dont wait to start asking for your money.

If its been a week since the payment deadline passed, its been a week too long. Send out that first reminder letter today. Dont hesitate to send these letters as little as a week apart from each other. The longer your bill goes unpaid, the less likely it is you will ever see that money again.

Tip: If youve been sending email, try sending paper.

For whatever reason, there are people who take a paper letter more seriously. Theres also the real chance that your emails really are not getting through reliably, or are ending up at the bottom of an overflowing Inbox.

If you do send email, make sure its digitally signed. A digital signature proves that you sent the email to the specific recipient. In fact, you might want to make sure all your emails to clients and prospects are digitally signed, to have solid documentation of everything you said, and everything they owe.

Unlike with regular emails, the date, time, to and from fields cant be forged, so the email has legal standing, even more than certified mail. While web-based email programs cannot send digitally signed email, there are third-party services that will let you send hundreds of digitally signed emails from a desktop email program for only a few dollars a month.

Tip: Follow up your debt collection letter with a telephone call.

As any collection agency will tell you, telephone calls are useful if your debtor has ignored the collection letters. But with caller ID, Caller Blocking and voice mail – if people don’t want to take your calls it is hard to reach them. This technique could be especially effective in the case of someone with whom you know will answer their own phone.

Of course, your writing skills wont go to waste: you need to make sure you have scripted what you want to say. You should take the same attitude and touch on the same points as your letter. Whatever you do, dont let yourself get sidetracked, and dont be embarrassed. Theyre the ones who are putting you out.

Dont know your deadbeats telephone number? Try looking up the Whois record of the businesss website, which usually has the owners telephone number.

Does all this sound like too much work?

If youd rather be writing proposals than collection letters, there are small business collection agencies that will take on debts for as little as $20 each. After all, your client had enough sense to go to you rather than doing your specialty themselves. Shouldnt you have as much sense when it comes to your debt collection letters?

About the Author: Joel Walsh is a regular contributor collection-agency-information.com Read all his articles on small business debt collection:

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Secured vs Unsecured Personal Loan: Whats The Difference?

by

Cor Bunal

Its easy to get caught up in a tight financial situation. In times of dire financial need, we might not be able to make informed and well-thought decisions that well just grab the first solution we see.

However, one has to bear in mind that getting a loan is tricky, considering the interest rate that may compound when payments are delayed. Plus if youre required to put up collateral upon application, youll risk losing your assets if you fail to pay on or before the payment schedule.

With this in mind, it helps to pick up some financial hacks to choose which type of personal loan to get. Wheres the dividing line between secured and unsecured loan? Here in the Philippines, there are basically two mainstream types of personal loan banks and private

lenders offer secured and unsecured loan.

To get a secured loan, borrowers need to put up collateral, which can be a car, house or a piece of land, upon application. Although a secured loan usually comes with higher loanable amount, be reminded that the asset youve placed as collateral might be at risk if you miss payments. Meanwhile, an unsecured loan can be had without putting up a valuable asset. This types loanable

amount is usually lower compared with secured loans. All you need to do is meet the providers

eligibility criteria and requirements.

When to choose one over the other?

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Opt for a secured loan if:

‘ Youre really sure you wont miss any payment because, in the first place, youre not in dire need

and you have a stable income. Instead, its more like a way to pool immediate money to fund a

major purchase or venture such as a business, a new house or a luxury car.

‘ Youre planning to invest the loan proceeds on something that will enable it to generate income

higher than the interest rate.

‘ You want an extremely easy application process. Banks and private lenders usually approve

secured loans faster than unsecured loan because theyre given a guarantee the collateral.

If these situations above dont apply to you, then an unsecured loan is probably your best choice.

Unsecured loans are best if:

‘ Youre in need of immediate cash for emergency needs such as utility bills, school fees and

medical costs.

‘ You like more flexibility with your options (e.g., loan maturity, payment methods).

‘ Youre willing to go down the more challenging way of getting approved for your

creditworthiness and other requirements.

‘ You dont want to risk any of your assets.

Need more tips and insights? Contact Loansolutions PH agents to help you out, whether in terms of

lending options or general loan insights.

Know Your Choices at Loansolutions.ph

Loansolutions PH is the countrys largest network of lenders, who can help the public explore different

financing options before deciding to get a specific credit deal. Borrowers will just have to fill up

companys 3-Step Online Application to get a loan, whether a secured or an unsecured type, in the most

convenient way.

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Instant Payday Loans Loan To Keep You Safe against Financial Crisis

by

Bob Moore

Ups and downs are part of life but nobody knows about them that when he will have to face financial or another type of difficulties. Sometimes, financial crisis comes in such a horrible shape that it also shakes the employed person. If financial crisis comes in the form of accident, current shock, diseases and your payday is far then what will you do? There is simple and easiest way to come out such financial crisis and that is instant payday loans that are specially designed for employed person.

If you need cash in the middle of month when your payday is far, you can apply for instant payday loans without hesitation. The lenders will assist you financially on the spot offering you loan amount in the form of instant payday loans. These loans are similarly available for both good credit holder as well as bad credit holder because the lenders dont check applicants past credit record. Therefore, those applicants who have bad credit tag including arrears, default, late payments, skip installments and bankruptcy are acceptable. Such applicants also can get hassle free cash even having adverse credit score that is why these loans are popular among the millions of customers.

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You can get loan amount in your running account same day within few hours. It all has been possible with the help of internet. It is possible through internet that you can apply from your home without leaving the comfort of your home. Filling the form is so easy that anyone can fill that online application form in few minutes as this application form has simple columns like in which you have to mention some simple things about you. All the details should be provided honestly with great care so that there will no possibility of mistakes.

Bob Moore is ace writer who has vast experience in payday 4 U.K. due to these guts, has been prominent as well as pioneer. He has been searching on payday 4uk.co.uk since many years.

Instant payday loans

, No fax payday loans, No credit check

payday loans

. For further in formation visit http://www.payday4uk.co.uk.

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