Archive for the ‘Personal and Corporate Finance’ Category.

Think Twice Before Claiming Bankruptcy

If you are currently in the process of lamenting your bad financial situation, then you’ve likely considered the possibility of claiming bankruptcy. After all, thousands of people file for bankruptcy every year in an attempt to escape their bad finances, but is this the right decision? In order to answer this question, you need to take an honest look at your current financial position. There is simply no way that you can say with certainty that bankruptcy is the right option without first exploring the alternatives. So then why do so many financial professionals tout personal bankruptcy as the “end all-be all” cure for financial misery?

Although bankruptcy is widely regarded as the debt management tool of last resort, you wouldn’t know it by listening to many financial agencies and professionals. All the evidence you need can be found by turning on your radio or flipping on your television, where you will be bombarded by advertisements for escaping your debts through personal bankruptcy protection. The fact is that these companies are out to get a piece of your money, regardless of whether or not the solution is the right one for you. These companies are essentially feeding on the weaknesses of debtors that are in search of an easy way out. Unfortunately, there is nothing easy about the bankruptcy process.

In short, a bankruptcy claim can ruin your personal credit score for up to 8 years, making it nearly impossible for you to secure credit during that time. In addition, the filing process itself will cost you money even if you don’t decide to hire an attorney. For those that do decide to secure legal representation, they will be looking at an additional $1,000-2,000. For more information on whether or not you should file, it’s important to seek the advice of a financial professional. This person can help you to evaluate your personal financial position, and will assist you in determining the best course of action for getting you on the right track financially.

Two Ways to Reduce Your Electricity Bill

The world is going through hard economic times now. Money is getting harder to come by even in first world countries. It is only prudent that we seek to reduce our cost of living, and one way to do this is to reduce our electricity bill. Even if times were better, it would still be profitable to do what we can to be more energy efficient. We will here look at a couple practical ways in which we can really make dents in our electricity bill.

1. Use solar power where feasible. Solar power can potentially reduce your electricity bill to nil, but the cost of procuring and installing such infrastructure does not make this a feasible option for most people. However, instead of trying to power everything with solar energy, it can still be beneficial to use solar power for some items. For eg. water heaters use a lot of electricity, especially if it is one of the older ones which requires the heating of water in a storage tank. Switching to a solar water heater would have a noticeable effect on your electricity bill.

Another avenue for utilising solar power, is through your outdoor lights. Making use of solar patio lights will reduce your electricity expense, though not as dramatically as say with the solar water heater. Solar garden lights are also worth exploring.

2. Make better use of your refrigerator. The refrigerator is one of those ubiquitous household appliances that contributes to a significant portion of your electricity consumption. It is recommended that you keep your refrigerator filled, especially the freezer section. When you open your refrigerator, cool air escapes which will cause your appliance to do more work to bring the internal temperature of the refrigerator back to what it should be. If it were filled however, then less work will need to be done since the items inside being already cooled, will help to stabilise the internal temperature.

There are a lot more ways to reduce your electricity bill. These are just a couple to get you started.

Saving Money On Your Teeth By Going Natural

If you want to be able to save money, then there are a lot of different things you can do. Most of those things will involve cutting down on spending as well as going cheap on certain things like food or even gas. One of the things you can save money on is getting your teeth whitened. Instead of buying one of those products to help get your teeth whiter, you can use natural teeth whiteners. However, is this the best idea? If you don't mind having to wait quite a while to see results, then it could be okay. There are some things you should save money on but there are also things that you should just fork out the money to get the results and be done with it. I guess that all depends on your situation though.

Selling Gold Jewelry Through the Mail

If you are thinking of cashing in on the rising price of gold, you may be considering one of those mail-in companies whose ads are ever-present on TV, newspapers and online. Before you start, here are some things to know about if you want to sell gold jewelry.

You will probably not get the best price for your gold jewelry through one of these buyers. For one, they have to wait to get your items, and gold prices fluctuate daily so that's taken into consideration. They are often middle men, meaning they are going to turn around and get someone else to melt your gold down and so that cost cuts into your payout. And while many offer free, insured shipping, we know nothing is free - you don't pay for it upfront, but if you accept their deal, you know that cost also figured into how much they offered you.

Before you send anything off, research the companies' records at the Better Business Bureau. It's as important for you to know the approximate value of your gold jewelry.

Remember, it's for scrap and how pretty it is or how well it's made doesn't figure into it. It's value is its weight, its karat - 24k being pure gold, 10k the lowest sold as jewelry - and the price of gold at that moment. Discounted from that are the fees to refine the gold, that is, melt it down, and the buyer's profit. Those are variable and that's what will distinguish one buyer's offer from the next. So make sure you know the constants - weight, karat - and you'll have a good idea what you should get. Try to get 85% of that value.

Costs of Dental Implants

The costs of dental implants may be quite expensive, but most people go for the procedure, given how they can influence your looks and your confidence.  Priced at around $1250 to $3000, your badly damaged canines will be replaced by perfect replicas of healthy teeth.  Dental implants are often exceptionally made, which is why no one would notice that you’re wearing them, instead of real teeth.

Getting full coverage dental insurance early is a good way to get enough cash to pay for dental implants. By paying the monthly premiums even before the need for dentures arises, you have already banked cash, which could either lessen or take away the expenses for the procedure.  Insurance deals have interest, which gradually increases the value of your stored cash.

Debt Relief Companies | Compare and Beware

Shopping for credit rate and comparing interest rates have been proven effective in getting the appropriate type of loans for every borrower's need. This also applies in choosing debt relief companies because of one obvious reason: not all debt management programs provide the same exact payment terms and interest rates.

While it is true that debt relief companies offer lower interest rates, each lending organization still observe criteria and standards in which the interest rate will be based primarily. Sometimes, lending firms specializing on this loan type justify loan charges based on the company's performance to negotiate and bring the multiple loans into single credit line.

But watch out and conduct a little serious researching because some debt relief companies are serious too in profiteering than in negotiating a borrower's concern.

Internet Payday Loans

During tough economic times people look for new ways to make ends meet. Payday loans have long been a popular solution, but now something new has popped up and is actually growing in popularity: internet payday loans. They work the same way as a traditional payday loan store would, just the transaction takes place over the internet. So, you need to use the same caution that you would with a regular payday loan store. They make money by charging interest. Often the interest rates are quite high, so you don't want to keep a loan out for a long time, and you most definitely don't want to keep revolving debt because the amount you are paying in interest will certainly keep you in debt. So be smart and only use these types of institutions in a real emergency.

What Can I Do About Incorrect Information On My Credit Report

Every now and then, it can happen that incorrect information can appear on your credit report and  with identity theft running rampant these days, it’s not uncommon. False or incorrect information can ruin you credit so you need to take immediate action. The credit reporting agencies are required to remove any incorrect information on your report. What you will need to do is contact the company who is reporting the debt and see if you can straighten it out with them and at the same time you need to send a letter to the credit reporting agency stating exactly the nature of the incorrect information. Send in any documentation you can provide to substantiate your case. This whole process may take some time, but don’t let incorrect information keep you from getting a home loan or having good credit. Please visit my website for more information: Fast Bad Credit Mortgages

Where to Get Free Printable Grocery Coupons Online

The fastest way to cut your grocery bills down to size is with printable grocery coupons. Would you believe that the printable coupons available online are now so numerous that you can usually find a coupon for almost any product you are looking to buy? Believe it. Printable grocery coupons are the way to go if you have ever wondered how to get the most from grocery coupons. No kidding. All you need to do to cut your food bills in half is to use a coupon for every item you are buying. What is the catch? There is not one other than you should try to get the highest face values possible to get the most savings. The best place for printable grocery coupons online are the big coupons sites, with coupons.com being the best of the best. Check them first before looking anywhere else.

Getting Estate Jewelry Appraised

When you have an estate sell that includes a bunch of gold jewelry, you are going to need to get it appraised. Some information that you need to include in the descriptions are as follows:

  • What type of item – i.e. ring, necklace, earrings, etc. – is being described
  • What type of metal the item is made of – gold, silver, platinum, etc. – and the color of the metal
  • What type of gemstones the item contains, if there are any on the item, and the color or colors of the gemstone(s)
  • The age of the item
  • Where the item was purchased – vendor, city, state, country

If you do not know any of the above features of the item, do not guess. Just specify that the information is unknown. Your job is not to appraise the items, just to describe them to the best of your ability. Then later you can bring in your expert who can tell you how much the items are worth. And finally you'll be able to sell estate gold for cash.

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