Set Yourself Free From Charge Card Debt Forever

By Frank Froggatt

Among the rewards of credit cards is their convenience. It is nevertheless far to easy to be quickly drowned buy credit card debt and can be exceedingly difficult to get out of again. One way that is normally used as a beginning point for getting out of debt is consolidating credit card debt.

If you are one of the many individuals struggling with charge card debt the succeeding info could prove helpful to you.

Now, the trick to using credit cards responsibly is avoiding unnecessary spending. Just because you have a charge card does not mean you should use it frivolously. Buying what you want when you wish without considering the results will pretty much assure steep debt. A charge card should only be used when required and of course even then, only if you can pay it back promptly.

If yet you are already in serious debt with your cards, the foremost thing you have got to do is cease using them. Maybe you think you're already so deep in the mess that continuing to charge on your accounts couldn't possibly make matters worse, this is 100% mistaken. It's the poorest thing you can do.

To get control of the state of affairs, stop expending on them cards. Then figure out how much you owe entirely. Now begin paying off more than the minimum needed requital. Try to overpay as much as manageable. A credit card will NEVER be paid off if you only pay the nominal needed.

This will prove to them your initiative and let them know that you are willing to pay and wanting to pay back your debt. Send in payments as soon as the bill is acquired, as every single needless day that you extend a remainder, your interest charges are going to collect. You should really work on one card and then begin on another, instead of trying to pay back them all off at one time because this is where it gets problematic and where people often find it unachievable to get anyplace.

You can get out of charge card debt, just stay positive and recall this helpful advice and you should be okay.

About the Author:

This piece was put together by Frank Froggatt, an authority on Debt Consolidation. You can clear up a lot of your confusion about this topic while sitting at home in your easy chair by visiting mydebtconsolidationsite.us

Do You Need Permanent Life Insurance?

By David C Lewis, RFA

Life insurance is necessary. However, most individuals do not carry enough of it. The idea behind life insurance is that we all die. If your spouse dies prematurely, a life insurance policy will make sure that there is enough income to make your family whole for the financial loss you've suffered. Pretty much every adviser agrees having life insurance is a good thing.

However, financial professionals often disagree about how much and what type of insurance one should carry. The perception is that term insurance is always the easiest and most cost effective. To this end, many advisers and financial "gurus" like Suze Orman and Dave Ramsey often suggest that their audience forget about cash value insurance and instead focus on good-sounding investments. In short...they hate whole life insurance.

The life insurance industry, and all of it's agents, of course love it. For the most part, the investment industry discounts its importance. So, who wins the debate?

It's surprising that the financial industry is supposed to be the educator. I say that only because many of the financial advisors in my industry seem to be more concerned about what the next "hot" mutual fund is...or manipulating interest rate returns, eliminating or disguising fees and disregarding suitability with respect to their clients.

On both sides of the debate, neither is doing a very good job of defending their respective position. It amazes me to see so many financial professionals leave out important information about not only their products but about the nature of insurance contracts. I wonder sometimes if they even have any idea of how life insurance really works.

Their motives for deception can be numerous, and diverse. Now, there isn't anything wrong with pointing out the flaws in a financial product, as long as it can be done objectively. However, in the case of life insurance, the attacks being made are baseless and unsound. This is especially shocking because most, if not all, of these attacks are coming from high profile, well known financial professionals. Here are a few common lies, attacks, & misconceptions:

Lie Number One:

Cash value life insurance is a waste of money. It is the worst type of insurance you can buy. The BEST kind of insurance is term insurance because it's cheap. Insurance companies are shady and always try to take advantage of policyholders and cash value insurance is proof of that.

Fact: Term insurance can be the best type of insurance if all you are considering is the cost. But it is generally the worst type of insurance you can buy to insure your life if you want it to pay off, at least statistically speaking. To understand this, we need to understand how life insurance companies position their product line, and how they make money.

Insurance companies use the Law of Large Numbers. They sample a group of people (similar age, height, weight, etc.). The larger the group of people they insure, the more accurate they are about the number of losses they will see.

For example, if we were to start an insurance company and we only had one customer, we would be taking on an incredible risk because of the nature of life insurance, if that one person dies, we could be out of business very quickly (imagine that one customer giving you $20 for a $250,000 death benefit and then dying the very next day). If, however, we have a million customers, then we can better control the risks we are taking by insuring other people's lives. No one can predict when an individual will die, but if we study a large enough group of people, we can make surprisingly accurate predictions about the number of individuals within that group that will die in any given year. Given that insurance companies have an excellent record of predicting deaths every year, what do all of the statistics say?

They tell us that term insurance just doesn't pay...well not for policy owners anyway. Most people live until age 65. After that premium costs spike dramatically. This is why I say that, on most accounts, permanent is cheaper, even though there are probably a few critics saying "no Dave, it's cheaper on all accounts". Oh yeah? Watch this:

Let's reuse our example, Jim. Let's assume Jim is 25 and in good health with a wife and a Kiddo. He needs life insurance, and he is looking at $250,000 in coverage. A 30-year level term policy would cost Jim around $370 per year until age 55. At that point, Jim's premiums spike to over $4,700 per year.

At age 65, he will have spent $58,780 on policy premiums. Keep in mind that this is money that the insurance company collected but never had to pay back. Since there's no cash value in a pure insurance (term) plan, the insurance contract pays off only when Jim dies.

What would have happened if he had, say, purchased the same amount of death benefit but used a universal life insurance policy with slightly higher but level annual premiums of $1739 every year to age 100? By his 65th birthday, 'ole Jimbo would have had a total premium outlay of $69,560 ($1739 x 40). But, he would have built up $157,000 of cash value inside the policy.

That money can be used on a tax-free basis to supplement his retirement or left alone to continue growing. This is an example of one of many living benefits that permanent insurance has (didn't your adviser tell you about that?). Some permanent policies also offer an option to spend down up to 100% of the death benefit for any reason in the event of a critical, chronic, or terminal illness. This can be especially useful if you haven't been able to accumulate a lot of money and something tragic happens to you...and you live!

Lie number two:

Cash value life insurance is overpriced. You can never tell how much money you are spending on death benefit and how much money is actually going into the cash value of the policy. With term insurance, the costs are clear.

Fact: With whole life insurance it is often difficult to determine how much the death benefit is costing you. If that bothers you, then don't buy whole life insurance. However, universal life insurance is, in actuality, a term policy with a separate savings account - often called 'the pot of money'. As such, you can easily determine the cost per thousand dollars of insurance, how much is going to pay the death benefit, and how much is going into the cash value of the policy. Cash value insurance can seem expensive in comparison to term insurance because of the front load (commissions and administrative fees) nature of the contract and the fact that you are forced to save money in a cash account. This is a point that is really driven home by the anti-cash value life insurance crowd.

Be thankful that you pay some of the fees that you do. It makes saving and investing money a lot easier. In regard to life insurance, you have a choice: the contract can be set up to maximize the death benefit (maximizing the cost of the contract), or it can be set up to focus on cash accumulation (minimizing expense charges). All of the expenses associated with permanent life insurance can be made just as efficient and in some cases more efficient than an investment product. But why compare insurance to an investment?

You will usually get all of your money back that you put into a permanent policy plus interest (depending on how you structured the contract). Additionally, the policy can give you a substantial tax-free income at retirement. The only exception to this is variable life, which typically has no guarantee on cash values

Lie number three:

If you are smart with your money, pay off your mortgage and other loans, and put money into retirement plans you won't need insurance 30 years from now to protect your family.

Fact: I'm not exactly sure what being "smart" with your money means, but advisers like Ric Edelman have done at least one thing right by demonstrating that debt can be leveraged and paying off your home early is rarely a good idea. But beyond that, you may need life insurance to protect your beneficiaries (whoever they may be) from taxes. As for retirement, you can't predict the investment returns in a mutual fund inside of a 401(k) or IRA unless you are very good at researching stocks - which most people are terrible at. Even professional stock analysts don't always get it right. The stock market ebbs and flows, and goes through cycles of boom and bust. If your investments take a hit right before you are ready to retire, it just doesn't matter how "smart" you were with your money.

Also, consider that dying isn't free. Ask a funeral director in your home town how much a funeral costs...and then ask him or her how much it should be in 10 years...20 years...when you expect to die. You will be amazed...and not in a good way. Also, ask any child whose parents left them any amount of money what they paid in taxes and if it was financially disruptive.

The cash value life insurance that your financial guru told you was evil and that you didn't need could have prevented all of this by bypassing probate, providing an income tax free death benefit and, inside of a life insurance trust, completely avoided the estate tax thereby giving your heirs, your favorite charity, or your church 100% of the money you wanted to give them.

Although many so-called experts try to compare life insurance to an investment, don't be fooled. Yes, life insurance, if properly structured, can build very strong cash values that rival investment products (my guess as to why the investment folks are upset). They try to tell you what a lousy investment cash value life insurance is. But comparing this type of insurance to investing is nonsensical. It's like asking "how many walkmans does it take to equal an Ipod?"...cash value insurance serves a different purpose from an investment. Each has their own different objectives.

So, should you buy term or cash value life insurance? That depends. What are you really looking for? If you are looking for an investment, then learn how to invest in stocks, bonds, no load mutual funds, options, and other financial derivatives. If you want a savings, then a properly structured permanent life insurance policy can fill that need very well.

About the Author:

Author information: Only so much information can be covered in one article. If you would like more detailed information about any aspect of personal financial planning, please visit David's website.

Break The Bondage Of Credit Card Debt Permanently

By Frank Froggatt

Credit cards have many advantages, such as the fact that they offer you a great deal of convenience, however it is very easy to get into charge card debt and very troublesome to then wipe out credit card debt.

If you are one of the many people struggling with credit card debt the following info could prove accommodating to you.

Remember that the key to using credit wisely is to avoid needless debt. Do not expend frivolously just because you have admittance to a charge card, and alternatively only use it when you utterly need it and when you know that you will have the money to pay it back.

If yet you are already in serious debt with your bills, the foremost thing you have got to do is finish using them. Possibly you think you're already so severely in the mess that continuing to charge on your accounts couldn't possibly make affairs worse, this is 100% inaccurate. It's the poorest thing you can do.

To get control of the state of affairs, stop using them cards. Then figure out how much you owe entirely. Now set about paying more than the minimum required requital. Try to overpay as much as manageable. A charge card will NEVER be compensated if you only yield the nominal required.

This presents your creditors the impression you really do wish to pay your bill. It shows you're not only willing to pay, but that you mean to pay it in full. Pay more and pay on time. If you do this the interest will stay low and your debt will start to reduce. It can be difficult to do this with multiple accounts however, if that's your situation, a debt consolidation or balance transfer may be the choice for you.

If you do your research, remain sure, and bear in mind what you've learned in the process, you can get out of debt. Be controlled and trustworthy and you'll be on your way.

About the Author:

This piece was developed by Frank Froggatt, an authority on Bad Credit Debt Consolidation. You can clear up a lot of your confusion about this topic while sitting at home in your easy chair by visiting mydebtconsolidationsite.us

Do You Need Permanent Life Insurance?

By David C Lewis, RFA

Today, life insurance is based around the idea that if you or your spouse dies, that your family will be made whole by replacing your spouse's income. This essential foundation for effective financial planning is often overlooked by many individuals. Most advisers agree that life insurance is necessary.

But, this is where the consensus ends (sadly). Most every financial professional recognizes the importance of life insurance. However, "gurus" like Dave Ramsey and Suze Orman have done a good job of painting the picture that whole life insurance is "evil". There is opposition though, and quite a debate over the issue.

Life insurance agents of course love cash value insurance. The investment industry does a pretty good job of putting down the insurance industry. So...who's right?

It's surprising that the financial industry is supposed to be the educator. I say that only because many of the financial advisors in my industry seem to be more concerned about what the next "hot" mutual fund is...or manipulating interest rate returns, eliminating or disguising fees and disregarding suitability with respect to their clients.

In truth, neither the insurance industry nor the investment industry is doing a very good job of defending their respective positions. Point Blank: Financial "gurus" are leaving out critical information. Either they do not have a very good grasp of how life insurance really works, or they are outright lying. Either scenario is totally unacceptable.

Their motives for deception can be numerous, and diverse. Now, there isn't anything wrong with pointing out the flaws in a financial product, as long as it can be done objectively. However, in the case of life insurance, the attacks being made are baseless and unsound. This is especially shocking because most, if not all, of these attacks are coming from high profile, well known financial professionals. Here are a few common lies, attacks, & misconceptions:

Lie Number One:

Cash value life insurance is a waste of money. It is the worst type of insurance you can buy. The BEST kind of insurance is term insurance because it's cheap. Insurance companies are shady and always try to take advantage of policyholders and cash value insurance is proof of that.

Fact: Less that 2% of all term policies ever sold ever pay a claim. Which means: there is a 98% chance that your family will never benefit from a term policy. Term insurance may be the best type of insurance if all you are considering is the cost per thousand dollars of insurance. It is generally the worst type of insurance you can buy to insure your life if you are expecting your family to benefit from it (statistically speaking). You need to understand how life insurance companies position their products and how they make money.

You may have heard of the "law of averages". Well, insurance uses something called the Law of Large Numbers. The larger the group of people you are insuring, the more certain you can be about the number of losses.

Let's suppose you were to start an insurance company and you only had one customer - let's call him "Jim". You would be taking on an incredible risk by insuring just Jim. If Jim kicks the bucket, then you're on the hook for a lot of money that you may not have. You would be business very quickly (imagine: Jim gives you $20 for a $500,000 death benefit and then they die the very next day...where do you come up with $500K for Jim's family?). However, if you have thousands of customers just like Jim, then you have the unique ability to better control the risk you take by insuring Jim's life. No one can predict when Jim will die, but if you study a large enough group of people just like Jim, then you can begin to make very, very accurate predictions about the number of people just like Jim that will die in any given year. Given the accuracy of insurance companies in predicting deaths every year, what do their statistics tell us?

Term insurance just doesn't pay, at least not for policy owners. That's because most people live to age 65. Term is expensive long-term. Permanent is a good deal long-term. A few critics will still say "no Dave, term is cheaper - always cheaper". Oh yeah? Watch this:

Let's reuse our example, Jim. Let's assume Jim is 25 and in good health with a wife and a Kiddo. He needs life insurance, and he is looking at $250,000 in coverage. A 30-year level term policy would cost Jim around $370 per year until age 55. At that point, Jim's premiums spike to over $4,700 per year.

By the time he is 65, he will have spent $58,780 on premiums. Keep in mind that the insurance company collected this money but never has to give it back. There's no cash value in term insurance, so the contract only pays when he dies.

What would have happened if Jim had just purchased the same amount of death benefit but used a universal life insurance policy instead? His premiums would have been higher - about $145 per month or $1739 per year. At age 65, Jim has paid $69,560 ($1739 x 40) in premiums. That's a little more than the term insurance, but he also has $157,000 of cash value inside the policy.

This money is part of the policy's living benefits, and can be used on a tax-free basis to supplement his retirement or left alone to continue growing. Some life insurance companies also offer an option to spend down up to 100% of the death benefit if you become chronically or terminally ill. If you haven't been able to accumulate a lot of money, this can be very helpful.

Lie number two:

Cash value life insurance is overpriced. You can never tell how much money you are spending on death benefit and how much money is actually going into the cash value of the policy. With term insurance, the costs are clear.

Fact: Whole life insurance carries a stigma in that it is often difficult to determine how much the death benefit is costing you. However, universal life insurance is, in actuality, a term policy with a separate savings account - often called 'the pot of money'. The costs are broken down and the policy is very transparent. Cash value insurance can seem expensive in comparison to term insurance because of the front loaded nature of the contract and the fact that you are forced to save money in a cash account. Sadly, the fees charged by the insurance company are being stressed (I guess they don't know that all financial products carry similar fees).

Be thankful that you pay some of the fees that you do. It makes saving and investing money a lot easier than having to fire a lawyer to negotiate every individual contract you sign. A life insurance contract can be set up to maximize the death benefit (maximizing the cost of the contract), or it can be set up to focus on cash accumulation (minimizing expense charges to .5% - 1% of the interest earned over the life of the policy). The expenses associated with a permanent life insurance contract can be made just as efficient and in some cases more so than what the antagonists suggest as an alternative - which is usually some type of mutual fund - without sacrificing the practicality of owning the contract. But again, why are the antagonists trying to compare the cost of insurance to an investment?

You will usually get all of your money back that you put into a permanent policy plus interest (depending on how you structured the contract). Additionally, the policy can give you a substantial tax-free income at retirement. The only exception to this is variable life, which typically has no guarantee on cash values

Lie number three:

Be smart with the money you have today and pay off your mortgage, car loans and other debt. Put enough money into retirement plans you don't need insurance 30 years from now to protect your family when you die.

Fact: You may not need life insurance in 30 years to protect your children from financial ruin when you die. But you may need it to protect your beneficiaries (whoever they may be) from taxes. And, even if you are "smart" with your money, you can't predict the investment returns in a mutual fund (or a stock for that matter) inside of a 401(k) or IRA unless you are very good at researching stocks (hint: 99% of the general population is not). It takes years of practice, and even some of the best stock brokers and financial analysts don't always get it right. The stock market ebbs and flows, and goes through cycles of boom and bust. If your investments take a hit right before you are ready to retire, it doesn't matter how "smart" you were with your money.

Is life insurance is necessary as you get older? You will be shocked at the costs of even a modest funeral these days. What does the average funeral cost in your home town? Ask a funeral director. What is the inflation effect in the funeral industry. If it costs $12,000 today, what will it cost in 10 years? 20 years? 30 years? Ask any beneficiary who has been left any amount of money what they paid in taxes and if it was financially disruptive to them personally.

The cash value life insurance that your financial guru told you was evil and that you didn't need could have prevented all of this by bypassing probate, providing an income tax free death benefit and, inside of a life insurance trust, completely avoided the estate tax thereby giving your heirs, your favorite charity, or your church 100% of the money you wanted to give them.

There are an alarming number of financial professionals that try to draw a connection between life insurance and investing. It's a huge mistake (even supporters of CV insurance make this mistake). Comparing cash value insurance to investing is like asking "how many walkmans does it take to equal an Ipod?". Even if you find an investment strategy that "beats" the insurance product...so what? Cash value insurance is supposed to provide a death benefit with a savings component, not an investment component (despite the mistakes of variable life).

Before you make any decision on whether to buy term or cash value life insurance, think about what you are trying to accomplish. If you want to invest your money, then learn about investing. Learn how to value corporations and buy stocks, bonds, no load mutual funds. If you want a long-term savings, then find an adviser that can maximize your savings through cash value life insurance.

About the Author:

Author information: Only so much information can be covered in one article. If you want more information about any aspect of planning your personal finances, please visit David's website.

Offshore Bank Accounts

By Justin Lisk

Offshore LLC's can offer you much greater asset protection than what is available here in the U.S. Offshore banking service providers can give you significantly greater financial freedom and asset protection than what is offered here in our country. Offshore LLC's are more affordable than domestic ones and they will provide you with much more protection for all of your valuable assets.

Limited liability companies (LLC's) came about so that business owners could be protected against being held liable for the actions and debts of a company. While domestic LLC's have been successful in limiting the amount of liability, Offshore LLC's make your assets virtually untouchable.

Offshore LLC's offer comprehensive protection for big businesses and small businesses looking for ways to protect their savings accounts, investments and other accumulated assets. They also make LLC packages affordable.

There are numerous benefits to overseas company incorporation. There are also many jurisdictions that offer offshore LLC's which are available to choose from. Different countries offer various offshore LLC formation packages. Always remember to use a reputable offshore service provider in order to guarantee that your assets will be safe.

Offshore asset protection can be a valuable way in which to protect yourself and your personal possessions from frivolous lawsuits and extravagant claims. In order to provide you with a better idea of just who might benefit the most from offshore asset protection, please see the list below. This list is no way inclusive of all of the types of people that make good candidates for offshore asset protection. Please contact an offshore service provider to discuss whether or not forming an offshore LLC can be helpful to you.

If you happen to be a doctor, lawyer, pilot, accountant, veterinarian, consultant, or a ship captain you cannot afford to go another day without the protection of an offshore LLC.

If you possess a large amount of assets, are a high profile individual or a high risk professionals, or if you are planning on getting a divorce, you should also consider an offshore LLC. They can also be advantageous to both small and large business owners, and anyone else who is looking to guard their personal investments.

While there are many overseas countries that offer offshore LLC's it is important to compare prices and to make sure that these companies are reputable. Get in touch with an offshore financial service provider for more information of the benefits of offshore LLC protection. They can help to put you in contact with a select group of jurisdictions that are stable, private, and that have the lowest maintenance fees. It is also important to select a location that makes the process of incorporation simple and that offers tax reduction benefits.

About the Author:

To learn more about offshore bank accounts go to the authors site to learn more on offshore llc and other info on tax havens

Loan modification tips for getting it approved

By Julie Green

Many people believe they have little or no control over whether a lender approves their loan modification application? This might be partially right, but you can do everything in your power to present the paperwork Well, so you stand a bigger chance of getting the loan. There are many things you can do to speed up the process and increase your chances of getting a loan approved. Here are a few tips:

When you are in trouble, or you fear trouble is on the horizon for your mortgage payments, contact your bank. It's never a good idea to sit passively and wait until problems arise. Even if you don't feel like speaking to the bank, get over it and try to work out a solution. This will only get harder when you start getting behind on your payments.

Always make sure to study approval guidelines before submitting the paperwork. If you don't even take the time to go through the approval guidelines before preparing your paperwork, why should a lender sort out your mess. He won't and your application will be denied.

Also, when you're negotiating about a solution, don't try to get away with ridiculous payments. Every lender has their own approval criteria that must be met. Be sure to offer a well thought out payment that's fair for you and fair for your bank.

Never ever try to lie about your income or assets. The bank will almost always find out and you will find yourself in a lot of trouble. Remember that banks have a lot of information about you, your income and your credit. There's a pretty good chance they'll find out if you're omitting information. This is a prime cause of loan modification denial, so don't underestimate the consequences of omitting information.

Be sure to take the time to complete your loan modification application properly. The necessary preparation increases your chance if acceptance. Not only that, it saves you time in the long run and saves the lender time also.

About the Author:

Julie writes articles about mortgages and homes in English. She also writes about hypotheekrente and maximale hypotheek in Dutch.

Several Tips In Rebuilding Credit After Incurring Money Problems

By Chris Channing

The credit rating of an individual has much power in deciding hwo the consumer will live his or her life- whether financially stable or not. If you want to break through the norm of being down and out, there are several guidelines to follow that will build credit even after bad credit is apparent. Keep in mind, however, that this is likely going to be a lengthy process that will require patience.

Each credit company differs in how it rates and calculates credit, and only top executives likely know the exact formula. It is, however, speculated that there are several different variables that largely affect a consumer's credit. The first is the amount of money owed to any one lender. The higher amount of money out in loans, the less faith that a new lender should put into a borrower because of the odds that they can handle multiple loans at once.

Even accessing your credit report can prove to be a catastrophe, assuming the frequency of access is high. Credit companies tend to side with the thought that those who continually access their credit rating are under financial struggle. It may also be seen as lenders trying to access the report; more lenders accessing one report means that a consumer may have a hard time passing the lender's standards.

The earliest exposure to credit possible is always recommended. This is true because creditors are more likely to trust those who have worked with credit for a few years- sometimes at least a decade. After all, those new to credit will be more likely to make mistakes and violate trust set forth with a credit company. It's possible to go many years without interacting with a credit company for the first time, and as a result, expect one's credit rating to be at or near zero.

Some lenders and credit agencies are able to access payment records of different sorts. If payments are frequently late, it goes to show that the applicant is likely rather irresponsible. At any rate, it shows that the consumer is unable to pay their current load of bills, and shouldn't be trusted with more until their condition improves.

Bankruptcy is an example of how some acts in life will affect the credit rating of the consumer for many years- in the case of bankruptcy, consider it a decade. Since a decade is a long time to be suffering from poor credit, it's extremely urgent that anyone suffering from an inability to pay bills to seek out financial counseling or opportunities such as debt consolidation.

In Conclusion

There are many resources available to consumers who may need help. From the Internet to government-run programs, a consumer should never feel like he or she is alone in the fight to a success in finances.

About the Author:

Learn more on credit repair club and credit repair network.

Easily Earn Additional Income Online

By Cache Spencer

In times of economic downturn, many people find themselves in need of a second, or even a third job. Happily, finding an enjoyable and interesting second job is very easy online. With a variety of job offerings from the ordinary to the unusual, the online job market provides excellent opportunities to earn additional income.

Paid online surveys are a fairly quick and easy way to make money online. Most surveys are matched to the survey taker based upon certain predetermined criteria, and are automatically sent via e-mail. They are a convenient way to make extra money, and fit into a busy schedule.

Payment received for these surveys is dependent upon the complexity of the survey. Surveys requiring very little investment of time and effort will generate very little reward. Surveys taking an average of ten to fifteen minutes will pay greater sums. To truly make paid online surveys a lucrative money making venture, sign up with a variety of survey companies, and complete each survey sent.

The internet also offers many opportunities to earn additional income by working from the comfort of home. Work from home opportunities on the internet vary greatly, both in difficulty and in genre. A quick online search can reveal a world of possibilities.

Home businesses comprise a third income generating opportunity. The internet provides a forum to research niche markets and test product ideas, while requiring very little up front investment. Fairly easy to start up and maintain, a home based internet business is a great way to turn a hobby into substantial extra cash.

If owning your own business sounds too complicated, another interesting job opportunity is to work for a website that allows you to do writing tasks that cannot be accomplished by computers. Things such as product descriptions, article rewrites, transcriptions, and original works of literature can be very valuable to the right company.

Freelance writers, sometimes known as ghostwriters, can make a large amount of money by writing articles, books, columns, recipes, and more for people who do not necessarily have writing talent but are exceptional at marketing or simply have writers block themselves.

With a little bit of research, the online job market can provide a viable and convenient way to earn additional income. A multitude of possibilities awaits, whether it be paid online survey taker or freelance writer. There is no shortage of jobs online for the willing worker. Log on and take the first step!

About the Author:

Cache Spencer writes about legitimate online paid surveys. For more information about how to get paid to take surveys, visit cashtospend.com.

Do not miss out Bankruptcy Chapter 7 Exemptions

By Sim Lewis

When your debts are too much to bear, you may not have any option other than filing for bankruptcy. Many defaulters choose to file for Chapter 7 Bankruptcy. Chapter 7 is a 'liquidation' of all the non-exempt assets that can gives you a way to pay off all your debts. The process is fully supervised, and the court will appoint a personnel who has the authority to get sales from all the non-exempt assets of the defaulter and use the sales proceeds to pay off the various creditors. Bankruptcy chapter 7 exemptions are assets that the creditors cannot touch when the bankruptcy is filed. Chapter 7 bankruptcy is usually favored by debtors but not the creditors and with the law of exemptions, you could effectively reduce your personal damage and still get to keep some stuff.

The debtor selects property that he/she is eligible to keep from a list containing state exemptions or exemptions provided in the Federal Bankruptcy Code. The property shall be divided as exempt or non-exempt when the state trustee files a property exemption report. The exemptions are not across the board and the law can be very different in some states, but the basic laws should remain unchanged.

Secured debts are first paid off but if the debt is unsecured, there are possibilities that the creditors of unsecured debts may not get the full payment. The trustee is authorized to decide who gets the payment first, based on the law. To get bankruptcy chapter 7 exemptions, the defaulter must file the case in the state where he/she lived for at least 730 days before filing for this type of bankruptcy. Or the debtor may also file the case in a state where he/she has previously lived for more than 180 days, up to 2 years.

Federal exemptions may also be provided including retirement benefits, death disability benefits, survivor's benefits and miscellaneous. Remember that in some states, not all the benefits are available.

Bankruptcy is probably the worst scenario, your credit score will fall because there is a bankruptcy filing. You will lose most of your possessions and you need start a new leaf, both personal and business wise. Remember that there should be other alternatives before bankruptcy.

Unfortunately, if you are in the dired situation, then get to find out more about bankruptcy chapter 7 exemptions that can help reduce your loss and make use of it in a way to help get back on your feet at the earliest.

About the Author:

Want to declare bankruptcy? Thinking of declaring under Chapter 7? If so, find out more information on chapter 7 exemptions. You can retain some assets for yourself! Find out more now!

Good Tips To Help You Attain A Great Credit Score

By Frank Froggatt

Many Americans have over the years tattered their credit. If you are one of these people there are ways that you can repair your credit report and score. If you abide by the following tips you will be on your way to a better overall credit.

The first matter that you need to do is sustain a copy of your credit report and score. You can gain one complimentary credit report each year on-line. After you have got a replicate of your information check it to make sure that everything has been accounted accurately. Your credit report is effortless to study so any disagreements should be easy to recognize. If you see any faults in your credit report you will need to challenge and resolve them; as any errors on your account can greatly decrease your credit score.

Once you make out where you stand on your credit report, the succeeding step is to pay back your charges on time. Behind requitals and charges in collections remain in your report for years following. Compensating your charges in a punctual manner is paramount if you want to improve your credit rating.

An online bill paying account can make it simpler for you to pay back your charges on time each month. Your online banking web site can help.

Charge Cards should be paid on regularly and should not carry a balance of over 50% of the accessible limit. High balances and maxed out accounts will harm your credit rating.

You need to be aware that awful credit decisions made recently will have an yet more hurtful impact on your credit rating than any past credit problems. To avoid making your state of affairs worse, pay all of your present-day accounts on time.

You should be mindful that if you have to many companies and lenders looking at your credit report during the like time period it will negatively bear on your credit report and score. These queries will perpetually be accounted and display on your credit report.

Having to many assorted credit cards will hurt your credit too. On the other hand having merely a couple that you make regular requitals to on time is the best scenario.

Make positive to be on your guard against frauds. When setting about to repair your credit, be wary- there are masses out there simply looking for the opportunity to take advantage of you in your time of need. Obtain a credit repair book and then simply have a seat and get at it. With information and determination you will succeed.

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Protect your Name by Using your Credit Cards Wisely

By Paul J. Easton

Using a credit card can reap benefits such as cash back and bonus points. Ina addition to that, you can also earn airline miles to fund your next vacation travel and have a better credit score. Use it unwisely, however, and you will end up with a life of debt.

Paying the balance of your credit cards takes much discipline. As a general rule, you should always pay off your entire balance with your credit card every month and on time. If you are not paying the entire balance, you will pay interest on your purchases.

Make your payments when they are due. Late fees can accumulate a huge amount in the long run. What is worst is that a couple of late payments will trigger an increase in interest rates. Late payments lower your credit score. Simultaneously with a lower credit score, an increase with your interest rate is expected with your other credit cards and for possible future loans too.

As a solution, limit credit cards to a number you can handle. Just be content with two cards, with one as most ideal today. Financial experts recommend only up to six cards per individual but with today's meltdown and hyped marketing in various medium, just stick to a maximum of two credit cards.

What you might not know is that applying for many credit cards can actually hurt your credit score. On the contrary, closing several credit card accounts in very short intervals will prompt a huge plunge in your credit score.

Always read the fine print before signing that deal. Research or ask the interest rate you will be charged with a credit card. Find out what is the grace period for paying your debt before interest. Also, look for the universal default clause. This allows an increase in your interest rate with every late payment in any other bill.

Lastly, make each credit card purchase only within your budget for the month. If you can't, stop using it and leave it at home. Keep it just for emergency only. Protect your name and your credit score by using your credit card wisely all the time. It is far more important than your whims today; it is your financial future.

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Big Credit Card Debt Can Kill Your Credit Score

By Jim Bransby

Credit cards are easy ... too easy. The little applications come to you in the mail already filled out, and all you have to do is sign your name and you're in. At first it seems too good to be true.

Then you get the card, and it's easy to use. It's just as easy as your debit card, except it doesn't hit your bank account ... yet. It hits your credit card debt, which is a killer. It's very easy to keep spending and spending, and it's very easy to lose track of how much you have spent.

Before you know it, you have huge credit card debt, the card company doesn't care, and you're stuck making minimum payments at 20% for the next 30 years. You've gotten used to spending, so you quickly find you are living beyond your means, and collection calls begin. There HAS to be a way out!

They way out is to repair your past mistakes. Get rid of the credit card debt. Call the card company and ask them to work out a payment plan with you. Most of the time they are interested in getting their money back just like you are, so you can probably strike a deal for a reduced interest rate in exchange for a larger payment.

As soon as you get off the phone, cut up the card. Don't trash it, because you might need the number for confirmation on a report or something, but cut it up so you can't use it. Put it in a baggie and bury it in the closet, in your sock drawer, or somewhere else it is safe and you are not likely to pull it out and use it. Stopping the spending is critical.

However if you made the major mistake of using more than one card; you will likely be getting hounded from those companies to make payments as well. Simply telling them you are paying off a larger debt to a different company will get them off of your back, yet they will want to work something out.

Never give the details of the plan you made with the other companies to pay back the debt as most calls are now recorded for legal purposes. Make sure they know that you are not made of money and will need their complete cooperation if they really want to set up a payment plan. Keep your spending in reason though so the payments do not overwhelm you.

After all these arrangements, there might be another bill that you forgot about. If you cannot pay, don't lie. Apologize to them. Let them know that you have made arrangements with however many other places, and your income is fixed, but you will be happy to call them monthly to update them on your status. Stay in touch so they know your intentions, and you may find the collectors working on YOUR terms!

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