Investing

Different Options for Loans That Financial Experts Suggest to Clients

Managing financial is the most critical thing, and we acknowledge this statement as a fact. So, career in the sector of finance is not at all easy. A lot of challenges are there, waiting for the people who have chosen the job of financial advisor. If you are passionate enough, you shall definitely enjoy these challenges. For a financial expert, it is absolutely important to be passionate about his job. You must love your job and you must be ready to face new challenges. Financial advisors face trouble, when it comes to suggesting the right kind of loan to clients.

Both individuals and organization need to opt for the loans for many reasons. In general, it can be stated that people opt for loan in order to deal with unexpected financial crunches. In many cases, people opt for loans, when it comes to purchasing an asset. For example, you may need to go for a loan if you are planning to have a brand new car or property. A business needs to opt for loans, when it plans to expend or buy new business assets. A professional financial expert should analyze needs and financial conditions of the clients before suggesting right type of loan.

Studying Client’s Credit History

The most important thing is studying credit history of the clients. If your client is thinking of opting for a loan, he should have good credit history. This means he should be punctual about paying the credit card bills on time or before the time. Making a habit of paying bills late will create bad reputation. As a result, it would be hard to find a suitable lender for that person. Moreover, bill payment on time will improve credit rating. This rating has been taken into consideration by banks when it comes to scrutinizing loan application of a person.

Loans for Good Credit

A financial advisor has limited service to provide to those, who already possess exceptional credit score or rating. Such persons can get loans from banks for personal reasons or business reasons without facing any hiccups. Some formalities are required to be maintained, and that would help to obtain the desired loan amount. Having good credit score will give you good sleep as well.  The rate of interest on repayment premiums shall be low as well as affordable. Thus, there should not be any hassles when it comes to repaying the loan with perfection.

Loans for bad Credit

Problems start appearing when a person has bad credit score and bank turns down loan application of such person. Financial advisors can provide different kinds of solutions to the clients in such cases. They can advice to go for the payday loans. Payday loans UK is an excellent option to get small amount personal loan without undergoing the hassles of credit checking. The application can be made online anytime. Applications also get approved within 24 hours usually.

Author bio

Trafford G. Marx has been as a loan recovering agent since a few years now. In this post he has shared some simple points for those who are planning to take a loan. He has suggested Payday loans UK to the readers owing to its quick approval procedure and easy application system.

Money Management

Mobile Coupons Save You the Hassle at the Register (And a Lot of Money)

Your smartphone could be one of the most powerful weapons in your money-saving arsenal. Mobile coupons help shoppers save instantly — while they’re in the store — without the paper-wasting hassle of printing or clipping. Say goodbye to extreme couponing: There are a whole host of mobile apps designed to deliver relevant, free coupons directly to your smartphone.

Pushpins

Allows you to scan an item while you’re in the grocery store and automatically redeem pushpin coupons.[1] Your savings are instantly applied to your store savings card and are redeemed when you swipe your card at the register. You’ll also be able to check an item’s nutritional information, and share your saving savvy over social media. If you allow push notifications, they’ll let you know when your coupons are expiring, so you don’t miss out on a killer deal. Pushpins works in over 2,000 grocery stores and is adding new locations across the country every day.[1] Check Pushpin for your local grocery store and write to them if you don’t see it. They’re working to incorporate local and chain stores close to their customers.

Coupon Sherpa

This app provides you with coupons directly through your smartphone. You’ll be able to access hundreds of in-store coupons and search either by product category or store name.[2] If you’re having trouble finding a store location, Coupon Sherpa can help you find the store nearest to you. With this app, not only will you receive exclusive coupons, you’ll also be able to skip scouring the internet for discounts. The Coupon Sherpa staff will hunt down those deals for you and add new coupons daily.[2] You can share your coupons with friends via email and invite them to participate in the savings too.

WOWPONS

Combine green shopping and bargain hunting with WOWPONS’ mobile coupon app. They accumulate grocery coupons for everyday brands and provide them to their app users daily.[3] A big part of saving is staying organized, and WOWPONS’ grocery list feature allows you to do just that. You can create, share, and save multiple shopping lists and access them from your phone as soon as you step into the grocery store. Additionally, WOWPONS will remind you when your coupons are close to expiring and alert you to new discounted products that you might appreciate.[3]

Yowza!!

This app has taken going local to heart: they provide app users with free coupons and deals from nearby businesses. When you’ve entered your geographic location, Yowza!! will hunt for offers as close as a mile away, and as far as 50 miles away. Customer satisfaction is one of their top priorities, so they won’t spam your phone. You can access deals on your own time instead of being bombarded with messages.[4]To cashin your coupon, all you have to do is let the cashier scan the product’s barcode on your smartphone. Since the deals come straight from merchants, there’s a much lower chance of your coupon being rejected; Yowza!! is working to add new merchants across the country every day.[4]

Cellfire

With Cellfire, you can find deals on the Cellfire website and save them to your smartphone to use at your convenience. Just show the coupon to the cashier to receive your discount. When you hut for grocery coupons, your selected savings will be saved directly to your store savings card, so that they are automatically deducted when you swipe your card.[5] Cellfire emphasizes relevance, so they take care to send you offers that you’ll actually be interested in and remind you if any of your saved coupons are due to expire soon.

Download any one of these apps to join the mobile coupon revolution. They could save you a ton at stores that you visit every day. Get access to coupons for groceries, clothes, electronics, and more, that are all easy to use and conveniently located on your smartphone.

Rachel writes articles for Allied Cash about, responsible borrowing, investment, and budgeting.

References 

1. “Pushpins:About.” Pushpins. n.d. n. page. Web. 4 Jun. 2012. <http://www.pushpinsapp.com/about>.

2. Coupon Sherpa LLC. “Coupon Sherpa Mobile Coupons.” iTunes Preview. n.d. n. page. Web. 4 Jun. 2012. <http://itunes.apple.com/app/coupon-sherpa-mobile-coupons/id309938343?mt=8>.

3. “Mobile Coupons.” WOWPons. n.d. n. page. Web. 4 Jun. 2012. <http://www.wowponsmobilegrocerycoupons.com/mobile-coupons.html>.

4. “Yowza!! Is Savings in Your Pocket.” Yowza!!. n.d. n. page. Web. 4 Jun. 2012. <https://getyowza.com/learn>.

5. “What is Cellfire?” Cellfire. n.d. n. page. Web. 4 Jun. 2012. <http://www.cellfire.com/whatiscf.php>. 

Investing

A Brief Summary of the Dodd-Frank Act

The Dodd-Frank Act, formally the Dodd-Frank Wall Street Reform and Consumer Protection Act, is a federal law in the United States which became official statute on the 21st July 2010, when it was signed by President Barack Obama.  The impetus for the bill was the economic crisis of 2007 and 2008; in the wake of the financial trouble, the US government were keen to introduce new regulation, in an attempt to prevent such a repeat.

Dodd-Frank ushered in the most sweeping financial regulatory reform since the Great Depression in the 1930s, with nearly every part of the United States’ financial services industry facing changes due to the bill.  As with most financial regulatory legislation, Dodd-Frank has its critics and supporters.  Some argue that the law is not tight enough and, as such, will not be able to prevent another financial crisis. Others say it is too restrictive on financial institutions and will therefore restrict economic growth.

Dodd Frank

Image Source

Dodd Frank was part of reactionary US financial legislation sought to ensure that such a financial crisis would not reoccur.  The final bill that was signed into law was intended to ultimately protect consumers and the general public, by promoting stability in the financial markets.  The law improves accountability and transparency in the financial system, ends bailouts of “too big to fail” institutions, and protects against abusive financial services practices.

Watchdog

Dodd-Frank created the Consumer Financial Protection Bureau.  The Bureau is an independent watchdog group housed at the Federal Reserve.  It has the authority to ensure that consumers and the general public have access to clear and accurate information with regards to mortgages, credit cards and other financial products.  It also protects against hidden fees, abusive terms, and deceptive practices from institutions.  Such transparency is intended to end predatory lending and ensure that consumers will not find themselves in insurmountable debt.

Bailouts and Supervision

Another aspect of the regulation ends taxpayer funded bailouts.  Rigorous standards and supervision are established to protect consumers, investors, and businesses.  Individual institutions are no longer eligible to be propped up with bailouts.  The Federal Reserve can still provide support throughout the financial system as a whole, however, tough new capital and leverage requirements are instituted which means growth is restricted. Failed financial firms are now able to liquidate in a safe manner.

Other Features

Other features of Dodd-Frank also eliminate loopholes that allow risky and abusive practices to go unnoticed and unregulated.  Shareholders are now afforded an influence on executive pay and corporate affairs.  However, these votes are non-binding.  Stringent new rules on credit rating agencies, which create transparency, have been designed to protect investors and businesses.  A council has been created to identify and address systemic risks before reverent bodies are able to cause a threat to the stability of markets and economies.  Regulators are given strong oversight powers to aggressively pursue fraud, conflicts of interest and manipulation of financial systems, which are deemed to be at the expense of the American public.

In general, the reaction to Dodd-Frank is generally thought of as a win for consumers and consequently, a loss for banks and financial institutions.  The overall aim of the law is to hedge against the next financial crisis.  This will be the ultimate test for Dodd-Frank.  But one thing remains clear: the provisions of the law will (at least for now) protect consumers, increase accountability and the transparency of banks and financial institutions.

Sources: http://www.lseg.com/markets-products-and-services/post-trade-services/unavista/regulation/dodd-frank-swaps-confirmations-documentation-reconciliation-and-compression, http://www.sec.gov/spotlight/dodd-frank.shtml, http://www.cftc.gov/lawregulation/doddfrankact/index.htm

Money Management

The Path To Financial Freedom: Boundaries

Border-USA-Mexico

So far you have Your Mind In The Game and you are Counting your spending.

Now it’s time to do something with your spending info. You should have them all categorized and ready to create a budget. Yes I said the dreaded “B” word. Don’t worry I’m going to make this easy and painless for you I promise.

Do I really need a budget?

Yes…you do. You’re just starting out and not having a budget hasn’t helped you so far so you need to try something new and use a budget. Later on when you have a better grasp of your spending you can wean yourself off a budget. But not until later so don’t get ahead of yourself. What you need to do now is focus on not spending a lot of money so you need some boundaries.

What should my boundaries be?

Well I would suggest not choking yourself by setting your budget too low. You need to slowly get yourself to an acceptable level to have the best chance of staying on a budget.

You know what you spend now so unless you are in dire straits you should cut back at around 10-15% for each category. So each month cut it back another 10-15% until you feel like it’s IMPOSSIBLE to go any lower. I emphasize impossible because you already probably think it’s impossible to cut back any of your spending. It’s not, and you should know that if your mind is in the game. Sacrifice will create extra room to cut back.

What kind of budget should I use?

One that you like. It’s as simple as that. You want one that is easy for you and will keep you wanting to continue. There are a lot of different types of budgets out there. My personal favorite is the Zero Based Budget because it accounts for every dollar.

There are also lots of computer/online based options, that have different types of budgets, like:

If you like Excel or Google Docs there are a lot of free templates you can use.

I personally prefer Google docs mainly for the fact that you can access it anywhere and because I’m a big fan of Google.

And of course you can always just use a pen and paper to budget your money. That’s what I prefer to use because it’s so easy to pull out my pad of paper and go to town.

Once again use what you like. There is no one size fits all so use a budget that works for you. Mix and match if you want, whatever it takes, just as long as you keep it up.

I prefer pen and paper and the zero based budget, What kind of budget do you use?

P.S. Some of the links in this post I earn a little bit of money from so I can pay my bills. But I promise to never to intentionally lead you to a bad company and to never let the money affect my opinion.

photo credit: `David

Frugality

Winter Holiday Cards Sale

Vistaprint is having a sale for a limited time only on Winter Holiday Cards.  You can get a set of 20 winter holiday cards for only $1.99. There are many designs to choose from including cards that you can add your own photo to. Go check it out because it’s for a limited time only. Stock up on cards now.

Vistaprint – 20 Holiday Cards for $1.99