Monthly Archives: August 2015

Cash Back Business Credit Cards

A typical small business needs to watch every penny. To last in the competitive business world, you need to maximize profits and just as importantly, reduce expenses. Many businesses dont realize that they could easily be saving a percentage of their purchases with a cash back business credit card. Instead of letting bank fees eat away at your profits, your credit card can work for you.

How can the banks offer cash back for your business?

For decades the banks have been charging high interest rates and eating away at business profits. Businesses would just sit back, hoping the bank would eventually give them a better interest rate. Times are changing though. Today the credit card market is very competitive. A business can now choose between credit cards from nearly any financial institution.

As the banks compete, they are offering credit cards with better perks and rewards. If your business needs to travel a lot, you can get airline points. For a business that drives a lot, there are gas station rebate credit cards. Many larger stores even issue their own credit cards with special in store rebates. These credit cards lacked flexibility though. So as competition in the credit card market increased, credit card issuers resorted to offering cash back credit cards.

The banks can afford this to attain a new customer. The cash back is balanced out by interest charges and other fees. So for most people the cash back is just a savings on their bank fees. Plus these same customers might require additional financial services. The banks definitely arent losing much money by offering cash back.

Are cash back business credit cards just a scam?

No they are not a scam. These credit cards actually do give your business money back. You just need to be familiar with any restrictions. Most cash back business credit cards have a maximum annual cash back limit. Other cards have different cash back terms based on the credit card purchase type. For example, you might get a different cash back percentage at a gas station compared to a grocery store or office supply store. Some cash back credit cards also have a minimum spending before points can be redeemed.

To get the most out of a cash back credit card, you need to be disciplined. It is very tempting to put extra purchases on your credit card to get more cash back. Only use this strategy if you are able to pay off the card every month. Otherwise you would just be accumulating more interest charges. If you can pay the card off every month, try to use your credit card more instead of cash or checks.

For some businesses the cash back maximum can also be a problem. A business with high operating expenses could easily reach the annual cash back limit in a very short time. If this is the case, consider getting a different credit card to use once the limit has been reached. Some newer cash back business credit cards offer no limit on the amount of cash back you can earn.

Before applying just read the terms and conditions of the credit card. Many cash back credit cards use phrases like up to 5% cash back. This usually means that you can only get that cash back percentage for just one type of purchase or there is some other catch.

Despite certain card restrictions, a cash back credit card is a very good idea for your business. Your business could be saving thousands of dollars on your business expenses. Just take the time to compare different cash back business credit card offers before you apply.

Catch the Pace in Life with Secured Loan UK

Life.. a process which keeps on going, definitely not affected by your finances. Finances cant influence your life, but it surely has an effect on the quality of life you live. There are lots of things you want to get or achieve to get peace of mind and make your life more comfortable. But your financial incompetence prevents you from getting your desired standard of living. Secured loans UK can act as financial support which you look for such occasions.

Secured loans UK is one such form of loan which offers you funds against your property. The property can be anything like your own home, real estate, car or boat or any other valuable property of yours. The amount you can get is dependent upon the equity in the collateral. Generally you can borrow from ₤50000 up to ₤750000 and even more in certain circumstances.

When a loan agreement for a secured loan in UK is made the title of the collateral is transferred to the lender but the possession remains with the borrower. This means that even after the agreement the borrower can use the property. But beware as in case of any default made by the borrower in the payment of the loan or a part of the loan amount, the lender can force his right for the possession of the collateral. So make timely payments.

There are so many advantages attached to a secured loan in UK that you cant resist to prefer such loan over other forms of financing. These benefits include:

Low rate of interest

Easy and flexible terms and conditions

Longer repayment term and smaller monthly installments

People with bad credit history can easily apply. (Defaulters, arrears, poor credit score, IVAs and CCJs, bankrupts)

Advantage of using loan amount for any purpose i.e. financing business, buying property, or personal needs like wedding, education, health etc.

The last step is to find a good secured loan lender in UK with the best suited loan package according to your needs. For this you need to step down in the market and do some shopping for the loan. This is a tough job but as it is said where there is will, there is a way. After finding out the lender with apt loan package you can fill the application form with details such as name, address and contact information, loan amount required, collateral you are offering.

After going through your application form the lender himself will contact you. It will take a period of 12 to 15 days to get the loan approved as valuation of the collateral takes time. But this seems as nothing in front of the advantage a secured loan UK offers. It gives acceleration to your slow moving life.

Cheap Home Insurance – A Few Tips To Save Money

Cheap Home Insurance – A Few Tips To Save Money

Is there such a thing as cheap home insurance? There may be a better question. Is home insurance really that expensive? Homeowners insurance may very well be the consumers best buy when it comes to insurance. There are multiple benefits and features that make the home policy unique. Most everything that the homeowner owns including the dwelling can be covered in some way by homeowners insurance. When you think of the magnitude of the coverage afforded by homeowners insurance versus the premium paid then you would have to agree that homeowners insurance is a very good buy. The rates on property insurance in general, have increased over the last ten years. Much of that has to with increased catastrophes like the hurricanes in Florida. The toxic mold problem that originated out west has also caused premiums to increase on a national basis. The home insurance buyer really needs to focus on a few areas to get the most for the premium dollars paid.

Accurate Dwelling Amount This is the first most critical decision that you will make. The square footage of your dwelling has to be correct in establishing the replacement value of your home. The market value is of little use to you when you purchase insurance to rebuild the structure. Replacement cost is better for homes that have been built within the last 40 years. Check with your insurance company underwriting guidelines.

Replacement Cost or Actual Cash Value This facet of your home insurance policy should be clearly understood. Replacement cost insurance on both your dwelling and its contents means that the insurance company will rebuild or replace your loss with like kind and quality. Actual Cash Value will calculate the replacement cost and then subtract for depreciation. The actual cash value policy is cheaper but you will have to come up with the depreciable amount out of your own pocket.

Deductible Higher deductibles bring your premium down substantially. $500 to $1000 deductibles are common. This is a huge savings to you over the years and is your most valuable tool in lowering the cost.

Why Mortgage Protection Insurance is essential for a Homeowner

Mortgage Protection Insurance could be a valuable resource for homeowners if an unexpected event prevents them from having the ability to pay their mortgage. Mortgage Insurance is a financial product that’s the various than every other insurance products because it is frequently offered on a guaranteed acceptance basis. Other kinds of income protection insurance may require the applicant to pass certain tests or have health issues that might typically preclude them from receiving source of revenue protection insurance. People who work in high risk fields can have difficulty acquiring insurance for income protection, but mortgage protection insurance can still apply to these individuals. Banks may no longer always work with homeowners who’re struggling financially, so this insurance product can provide them with protection that they might not otherwise receive.

Mortgage insurance is a financial product which will allow the service provider to pay for a consumer’s mortgage for a certain quantity of time in case he is financially unable to do that himself. This may help the customer keep his home and keep away from foreclosure if he runs into a financially difficult time. The insurance should not typically cover a mortgage payment for any financial difficulty; the mortgage insurance will only kick in if a client becomes disabled or if he loses his job. A few mortgage protection insurance can pay off the balance of a mortgage in case the customer dies in order that his surviving spouse or children are on the whole not burdened by an outsized mortgage payment. The insurance company will send a right away check to the lender to repay the mortgage balance.

Mortgage protection insurance will pay a consumer’s mortgage payment for a specified period of time that’s agreed upon on the time of the contract. This can typically range from six months to 2 years. There is usually a waiting period before a client can request for payments to be made to the lender. The insurance company could also pay for fees linked to the mortgage, such as homeowners’ association fees or taxes.

The price of mortgage insurance depends upon a ramification of things. One important factor is the volume of the mortgage that is remaining at the home. A client’s age and health are other considerations. If a consumer works in a high risk field where unemployment rates are high, the price of the insurance can also increase. This is based at the level of security of the job. Additionally, if there is a recession, the price of insurance can also increase. Because there could be a higher risk for job loss in the course of a recession, insurance firms have to catch up on this risk by charging a better fee at a few point of riskier times.

Mortgage protection insurance is different than private mortgage insurance that is required for properties during which owners have not up to 20 percent equity. Despite the fact that clients don’t seem to be legally required to keep source of revenue protection insurance, this insurance product can are available in at hand. It buys homeowners a bit of bit of time to get back on their feet after a financial setback, such as a task loss or disability prevents them from keeping up their current level of source of revenue. Source of revenue protection insurance can also help some homeowners if their spouse all of sudden dies. For a small monthly fee, homeowners can have peace of mind knowing that they’re going to be protected in case of a sudden change in source of revenue and they can not lose their home in a foreclosure process.