Valuable Car Finance Tips

The second largest investment you will have in a lifetime perhaps is getting your own car. After you have scrutinized every model and zeroed in on the best car to purchase, the next process is to determine how you are going to pay it.

The road to car ownership is paved with car finance options. The package you choose will make the difference between monthly struggles and easy payments. Will you get to keep driving your car or have to default on the loan over a certain period?

When looking at your financing options, here are valuable tips to consider:

Think about interest rates. Your interest rate will depend on a number of factors such as the type of the car, the length of the loan term, your credit rating and the lender. Generally new cars have much lower interest rates. Higher interest rate is required for longer car loans. You will get lower interest rates if you have been pretty good at keeping a good credit rating score. Focus on the interest rates as different companies provide varying options.

Choose from as many lenders as possible. Your options for car financing could be banking institutions, the automaker, credit unions, and other lending sources. Weigh the pros and cons of the different types of lenders. Going through all the interest rates and loan-terms of the different lenders will be overwhelming task. Experts not only help you make the right choice, but also offer you a number of good options. Consumers today get the right financing for their vehicles with finance consultants working exclusively on helping consumers.

Seek expert guidance. A financial consultant would point out key features you may want for your loan, allowing you to get a tailored approach, and therefore an ideal solution, to your financing. Such expert help would also come in handy for businesses looking to invest in company cars and employers who may want to offer a lease (also known as salary packaging) to high performing employees.

Ask for special deals. Special deals on certain loans are offered by some lenders in order to get fairly competitive in the market. Depending on the automaker you have chosen, you could be given zero-percent financing or offered lower rates for short-term lengths.

Companies are able to help employees on their car financing needs through a special form of lease. The lease is a three-way agreement between the employer, the employee and the finance company. As the employer though, be aware that while you should be able to finance a car after a bankruptcy, you may not be able to get the best car finance rates.

How to Prepare a Bill of Sale Properly

You can prepare a customized bill of sale in five minutes. Learn how to do it properly and how to avoid common pitfalls.

How to prepare a Bill of Sale and how to avoid common pitfalls

A bill of sale form is used to transfer the ownership from a seller to a buyer. The four main bill of sale forms are for: auto, boat, personal property and business.

The Internet made all these forms readily available at a reasonable price.

In five minutes or less, the user can prepare a bill of sale as follows:

Purchase the form and download the form.
Open the downloaded form and print.
Use a pen; fill in the blanks by following the instructions.
Done.

The common pitfalls and their repercussions:

Using a free form download from the Internet. Such forms almost always contain errors and are incomplete.
Using a handwritten bill of sale. Such forms almost always contain errors and are incomplete.
Failing to detail and describe what is being sold. It is important to have what is being sold detailed and described.

Avoiding the three pitfalls listed above can help both the seller and buyer avoid both headaches and expenses down the road. The following are few common examples:

In the event the buyer is unsatisfied with their purchase as they may deem that what they received was not as described. A proper bill of sale including the condition of the item being sold thus resolving such issues.

Using an improper form that does not detail important information. This causes that buyer issues down the road when attempting to resell what was bought. As an incomplete form may lack a vehicle VIN number or boat identification Hull number.

The seller also needs to protect themselves as exemplified here. When selling a car, it is important to include the “Odometer Disclosure Statement”. This provides the seller legal protection in case the buyer alters the odometer in the future when reselling to obtain a better price. In such a case, it is impossible to ascertain who changed the odometer reading. The seller by using a proper form protect themselves from dealing with such possibilities.

There are just few examples. There are many other scenarios.

Is a professionally prepared Bill of Sale a must?

Yes. For a small price, this provides legal protection for the both the seller and buyer and saves them costly expenses and headaches down the line.

There Is No Shortcut to Credit Restoration

Got a Low Credit Score? Avoid Quick-fix Solutions

Claims like “We can improve your bad credit instantly, no questions asked!” “Contact us to make a new credit identity – legally” or “Credit problems? Fix them in a month” are common in TV ads, radio, flyers, emails, and online space. According to the attorneys at the Federal Trade Commission (FTC), no legitimate credit restoration company claims credit repair is a quick-fix solution.

There is no shortcut or quick fix to improve your credit. It takes time, conscious effort and following a stringent debt repayment plan. You need to know your rights before hiring a credit restoration services company. Some people say that you don’t need any help to fix your credit and it is advisable to try it yourself. However, that will involve a lot more time and effort on your part.
Your Rights

In any case, you need to be aware of your rights:

– Each of the three nationwide credit bureaus – Equifax, Transunion and Experian are obligated by law to provide a free credit report to all consumers once a year. You can order the three free credit reports at the same time or leave a gap of 3-4 months between each report. The latter is a better idea because it allows you to monitor the progress of your credit status periodically.

– You are entitled to receive a credit report for free if any organization has taken an “adverse” financial action against you. This includes denial of credit, insurance application or employment. You need to ask for the report within 60 days of receiving the notice of an adverse action. People, who are unemployed, are allowed one free credit report if they are planning to find a job within 60 days. People on welfare and whose report is inaccurate due to fraud, such as identity theft are also entitled to a free credit report.

– There is no cost associated with disputing inaccuracies in your credit report. You can raise a dispute both with the credit bureaus and the information source that provided some of your personal financial details.

What to Do When You Need a Real Solution?

If you are wondering, “How can I restore my credit now?” it may be a good idea to delegate this task to seasoned professionals with years of experience in credit restoration. Legitimate and reliable credit restoration companies would first scan through your credit report and leverage their years of experience to find items that can be disputed successfully. They not only detect inaccuracies and errors, but also verify their authenticity with the concerned parties.

Bankruptcy – Should You File and What Are the Benefits? By Vengile Conway | Submitted On March 23, 2015 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on FriendFeed Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Vengile Conway Bankruptcy is a very delicate subject for most people. It’s senseless for anyone to feel ashamed to file for chapter 7 or chapter 13 bankruptcy when most of us have also made bad choices at one time or another. Everyone deserves a 2nd chance in life and filing bankruptcy can offer you exactly that. Bankruptcy is a legal status for a person or business that can’t pay off unsettled debt. This is something that only a state or federal court can determine. Most people don’t want to file for bankruptcy and see it as a last resort for options. Bankruptcy will allow an individual to wipe out “most of” or “all of” their debts. Here are some reason why someone would file for bankruptcy. 1. Stop Foreclosure 2. Prevent Repossession of an Automobile 3. Lower debt 4. Eliminate debt 5. Stop wage garnishment Before you file get prepared I’m going to give you some good advice and what you’ll do with it is totally up to you. Before you file, you’ll most likely have to obtain credit counseling within 180 days. You’ll need to receive the credit counseling from an “approved provider” listed on the US courts website. You’ll need to talk to a lawyer who will help you file and walk you through the entire process. Filing can cost $700-$2500 or even more depending on where you file. Most of the time, your attorney will have information about the credit counseling programs and the list of “approved providers.” How long will it take to recover? In most cases bankruptcies will stay on your credit report for 7-10 years, there are many things you could do to start improving your credit after you file. Chapter 13 Bankruptcies- You might be able to land a conventional loan two years after a Chapter 13 discharge. FHA and VA loans are even more tolerant. Chapter 7 Bankruptcies- you’re typically looking at a four-year wait for conventional loans and a two-year wait for either FHA or VA financing. Auto mobile financing is pretty simple to obtain these days but your IR will be very high and your payment won’t be pretty either. What types of bankruptcies are available? Most of the time you will only hear of chapter 7 and chapter 13 bankruptcy. Although chapter 7 and chapter 13 are some options available there are four other options as well. Chapter 9: Chapter 9 may only be applied to municipalities such as cities or towns and allows for their reorganization. This is most likely something you will never hear of again. Chapter 11: Chapter 11 is the third most common type of bankruptcy filing, with 1,757 filings in 2011. This chapter is almost always used to reorganize businesses but may be used by individuals as well. If you own a business, you might want to consider filing a chapter 11. Chapter 12: Chapter 12 is used exclusively to adjust the debts of a family farmer or family fisherman. Chapter 15: Chapter 15 applies to cross-border cases, in which the debtor has assets and debts both in the United States and elsewhere. I hope this article gave you some understanding of the options that you have and also helps you find the right attorney to help you with your filing. Bankruptcy Attorney in Lansing Michigan Article Source: http://EzineArticles.com/?expert=Vengile_Conway

Bankruptcy is a very delicate subject for most people. It’s senseless for anyone to feel ashamed to file for chapter 7 or chapter 13 bankruptcy when most of us have also made bad choices at one time or another.

Everyone deserves a 2nd chance in life and filing bankruptcy can offer you exactly that.

Bankruptcy is a legal status for a person or business that can’t pay off unsettled debt. This is something that only a state or federal court can determine.

Most people don’t want to file for bankruptcy and see it as a last resort for options. Bankruptcy will allow an individual to wipe out “most of” or “all of” their debts.

Here are some reason why someone would file for bankruptcy.

1. Stop Foreclosure
2. Prevent Repossession of an Automobile
3. Lower debt
4. Eliminate debt
5. Stop wage garnishment

Before you file get prepared

I’m going to give you some good advice and what you’ll do with it is totally up to you. Before you file, you’ll most likely have to obtain credit counseling within 180 days. You’ll need to receive the credit counseling from an “approved provider” listed on the US courts website.

You’ll need to talk to a lawyer who will help you file and walk you through the entire process. Filing can cost $700-$2500 or even more depending on where you file. Most of the time, your attorney will have information about the credit counseling programs and the list of “approved providers.”

How long will it take to recover?

In most cases bankruptcies will stay on your credit report for 7-10 years, there are many things you could do to start improving your credit after you file.

Chapter 13 Bankruptcies- You might be able to land a conventional loan two years after a Chapter 13 discharge. FHA and VA loans are even more tolerant.

Chapter 7 Bankruptcies- you’re typically looking at a four-year wait for conventional loans and a two-year wait for either FHA or VA financing.

Auto mobile financing is pretty simple to obtain these days but your IR will be very high and your payment won’t be pretty either.

What types of bankruptcies are available?

Most of the time you will only hear of chapter 7 and chapter 13 bankruptcy. Although chapter 7 and chapter 13 are some options available there are four other options as well.

Chapter 9: Chapter 9 may only be applied to municipalities such as cities or towns and allows for their reorganization. This is most likely something you will never hear of again.

Chapter 11: Chapter 11 is the third most common type of bankruptcy filing, with 1,757 filings in 2011. This chapter is almost always used to reorganize businesses but may be used by individuals as well. If you own a business, you might want to consider filing a chapter 11.

Chapter 12: Chapter 12 is used exclusively to adjust the debts of a family farmer or family fisherman.

Chapter 15: Chapter 15 applies to cross-border cases, in which the debtor has assets and debts both in the United States and elsewhere.

I hope this article gave you some understanding of the options that you have and also helps you find the right attorney to help you with your filing.

How Personal Debt Can Affect Your Job

While knee deep in debt troubles, it is common for debtors to fall into a depression. Forging through bills month after month while never getting ahead is stressful and tiring. It’s surprising that more people have not already sought medical help. Financial problems take an emotional toll on both people and relationships.

It’s good news if a budget can rework itself into the right. Long-term problems drag out and oftentimes depression sets in. Life continues to move forward each day and someone who is struggling emotionally will encounter daily challenges. Your money problems will undoubtedly affect job performance.

*Late starts

*Calling in sick

*Poor quality of work

*Withdrawing socially

Many depressive states require medical intervention while others benefit from counseling. Money troubles may need the assistance of either one but will also require money help too.

Between credit and emotional challenges, it is tough to get started. Get the help you need and focus on turning your finances around. Money depressions are also helped by seeing a light at the end of the debt tunnel.

*Stop turning to payday lenders to make up for the deficit in your budget.

*Make sure you work every day possible in order to earn as much money as possible.

*Ask friends and relatives for help. Don’t just focus on loans, ask for advice or suggestions on how to improve your situation. Ask for someone to help you be accountable for your budget.

Most financiers would suggest to attack the largest debt first. If you are depressed over money, it may do more for you to pay off the smallest debt first. It will give you instant gratification to boost your mood. Quite often, a payday loan lender will be your first payoff goal. The loans are small and the interest high so in actuality, you are taking care of both types of debt payoff plans.

Work out a plan to reward yourself at every level of victory. There are many things you can do that won’t add more debt back into the pile. Go back to your friends and family members for ideas of inexpensive or free rewards to help you keep the good mood going into the next goal.

*Meet family for a game night to get yourself back into social activities.

*Suggest a potluck meal for family and friends.

*Ask a friend to go on a hike. Excersize is proven to help with depression.

Don’t worry about how much time it will take to finish. Instead, take each day as it comes and focus on doing the best job you can. Point that focus towards your budget. If you never had signs of depression before the money problems, as soon as the debt begins to clear the emotional problem will too. Be honest with your employer if debt interfered with work. Stay positive and let your boss know that you are committed to improve. Your are always better off speaking the truth. You don’t have to go into the actual details of your finances, but can disclose that you have sought help. It will let your employer know that you are telling the truth to make every effort to get back on track. Debt and depression are no longer silent battles. Most everybody has either gone through one or both themselves or knows someone who has.

Keep on the positive approach and learn from the mistakes that put you in this position. Many people try to find solutions to their money problems without ever changing their bad habits. Stay on the right track and rid yourself from emotional stresses over money and debt.