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By Roy Thomsitt

People with a poor credit record are likely to have as much need for a car as anybody with a good credit record. However, if they want to buy a car, that bad credit blemish may make life difficult for them.

Regardless of whether it is your own fault or not, having a damaged credit record will affect the way your application is received if you want to buy a car through a loan. However, it is still possible to get a car loan, even if your credit record is not perfect.

In fact, you will find plenty of companies offering loans for any purpose, including car purchase, even for those people with bad credit. As you would expect, however, the worse your credit record is, the higher the interest rate is likely to be, and the fewer the options you are likely to have. Much will also depend on whether you own your own home or not. With a home of your own, in which you have a sufficient amount of equity, you stand a chance of getting a secured loan to buy a car. Such a loan would undoubtedly be cheaper than an unsecured or bad credit personal loan; however, your home would be at risk should you default on the loan, so that is certainly something to take into account.

As always with any spending decision when your finances are not healthy, it makes sense to seriously consider whether you really need a new car now, while your credit record is bad, or if you can wait until it has been restored to normal. If the poor record is fairly recent, that can be a bit of a long wait in the UK, though in some states of the US that is less of a problem.

In trying to assess if you really do need that new car, you have to take into account the fact that it is a depreciating asset; but then, that will apply to your new car too. What is perhaps more important is the age of your current car and the likelihood of extra car maintenance costs and repairs as time goes on. This is a dilemma most of has faced at one time or another: do we get the car repaired, and keep it going a few more years, or do we cut our losses and sell now, or trade in. Keeping a car going when it has seen much better days can be throwing good money after bad, so it may be that you do need a loan for a replacement car, regardless of your credit status.

Once you have made a decision to replace the car and to do so by getting a loan, then it is a good time to work out your monthly budget to ensure you are not going to slip behind with the payments again. try to allow plenty of scope for car maintenance, servicing and repair, as well as for fuel, road and vehicle taxes. To help you get back your good credit rating over time, then it is worth cutting back on your own expectations for a car; it may make sense to get something more modest and cheaper than you would ideally have liked.

When it is time to go out and get the actual loan, to buy the replacement car, just make sure you shop around. It is so easy to do online, and you will have many companies to choose from. To keep track, it is worthwhile printing out the relevant pages from the sites on your shortlist. Then, take the details away from the pc and quietly go through them and compare the options. You are more likely to take a detached view if you approach your decision that way, rather than just staying online and hitting the send button impulsively.

About the Author: This debt bad credit car loan article was written by Roy Thomsitt, owner author of the Eliminate Credit Card Debt Now website:

eliminate-credit-card-debt-now.com

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By Ed Sneineh

Can people establish an auto insurance contract on a car that they do not have title to? The answer is always ‘yes they can’. There is absolutely nothing illegal or unlawful (ie in the structure of the law, or in the state laws) that forbids insuring any automobile that you do not have possession to. The proper question, however, is if the policy contract that is insuring a vehicle which is not owned by the named insured is a valid contract- policy. The exact answer in this scenario is ‘it depends.’

One of the key principles in the insurance world is the

principle of indemnity

, which pronounces exactly that the objective of any insurance contract is to bring back the insured persons to their financial settings prior to the loss, and that these people can never advance monetarily from the insurance contract or claims. From this point comes the notion of

insurable interest

. There has to be some insurable interest among the owner of the contract and the insured subject. Insurable interest dictates that a person has to incur some financial loss as a result of destruction of a property for him or her to have insurable interest in that property. In the insurance business, insurable interest must exit at the time of the loss for property and casualty (including car insurance.) For life insurance contracts, however, the insurable interest must be existing only at the time of the ratification of the application to get the insurance policy.

The reason why insurable interest must exist at the time of the loss is to prevent insurance fraud. Imagine if someone insures his friend’s vehicle while the fiend also has his own insurance, and then later for both him and his friend collecting money for a theft loss of the vehicle. Also, in life insurance there has to be some sort of blood, business, or marriage relationship between the owner of the life insurance policy and the insured at the time of signing the life insurance application (i.e. not necessarily at the time of loss or death). This is needed to prevent wagering upon human life.

If the car in question is a car that you do not own (possess no title for it), then there seems to be no financial loss for you in the event of a loss to the vehicle, therefore you may insure it, but your insurance contract may not be valid because at the time of the loss the car was not yours. Remember that while car insurance is about insuring a car, it is classified as personal insurance, meaning it has to do with a particular person, and not the car itself.

So how do you deal with situations where a car is given to you, but the title is still in the name of a friend or relative and you are now required to have insurance? The answer is very simply: The insurance must be in the name of the titleholder and you need to be listed as an additional driver. This is the proper way of handling the situation. An exception to that is if the title is in the name of the spouse. In that case the named insured and titleholder can be used interchangeably between husbands and wives. Also, placing insurance under your name for a vehicle that is titled under your child’s name is also acceptable as long as you demonstrate some proof that you will suffer financially as a result of loss to that vehicle and you list the child on the policy as an operator. Perhaps your child lives with you and the child still relies on you financially? That is a good case of proving insurable interest.

When you call your insurance representative to get some car insurance quotes be sure to report this information to your agent. Improper disclosure of the titleholder or Named Insured on the policy is one of the main reasons why insurance companies refuse paying claims later. Certain elder and mature people (over 24 years) insure cars that are titled in the names of other youthful drivers (under age 25) who are normally charged extra by almost all insurers. It is hard to convince the insurance company that a youthful driver who owns a vehicle is not driving it, and since the company issued the policy for the other mature driver without charging the proper premium there is good ground for proving misrepresentation, where in circumstance like that a company may not pay claims. For example, if the automobile was insured full coverage and there was a total loss the insurance company will ask named insured to give up the title of the auto for them to pay you for the auto. In the event that you do not own the vehicle, you cannot legally sign to transfer the title, hence the company may find itself unable to pay you!

About the Author: Ed Sneineh, insurance professional for over 20 years, former college educator of insurance, and founder of Insurance Navy, a leader in providing

auto insurance quotes, Chicago

. Visit our website and get your

car, SR22 insurance quotes

in 5 minutes or less. Insurance Navy represents major carriers such as AAA, Travelers, Progressive, Hartford, and more than 20 other carriers.

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By Aaron Bachman

Inspirational quotes provide a way to look at life from a different perspective. When things aren’t going well, we often become mired in our own distress without seeing our way out of a difficult situation. There are many that have gone before us who have suffered the same trials and tribulations and we would do well to listen to their sage advice.

Success and happiness is a very personal and distinct definition for each individual. However, those that have achieved wealth and happiness are very clear in the attitude and character necessary to achieve it. Albert Einstein said, ‘The value of a man resides in what he gives and not in what he is capable of receiving.’ This would suggest that you need to give to get in return. Giving as an act of generosity provides a high return on investment. This establishes character and others are drawn to those who live honestly and with generosity.

Overcoming obstacles seems easy to some and overwhelming to others. Those that are able to get over hurdles to success have a completely different mindset than those who do not. E. Joseph Cossman stated, ‘Obstacles are things a person sees when he takes his eyes off of his goal.’ When we set goals, we must remain laser focused on them to overcome distractions. Although we may become discouraged along the way, having the ability to remain steadfast in our resolve insures that we will achieve the results we set out to accomplish.

When faced with adversity, truly happy people persevere and keep it in perspective. There will always be hardships in life, being physical, emotional or financial. How you respond will define your level of happiness and overall sense of contentment. Although we might feel like giving up, the human condition insists that we continue on. Some stop living and others move on through acceptance. Joseph Kennedy coined one of the more well known inspirational quotes,’When the going gets tough, the tough get going.’ Kennedy knew that despite what life might have to offer there was no other choice but to continue on and that the alternative was not living at all.

What makes someone successful is not necessarily defined in financial terms. Someone with family and friends might consider themselves to be a greater success than someone with mountains of riches but who is alone. Most human beings crave relationships and it’s this connection with others that makes us truly content. Albert Schweitzer said it best, ‘Sometimes our flame goes out, but is blown again into instant flame by an encounter with another human being.’ Here he proposes that when we feel disheartened that having someone share our laughter and our pain gives us the strength to overcome.

However you define success, live your life to a higher standard. Consider the world around you and the meaning in your words that others would derive from them. Living for others will provide you with riches beyond your bank account and you will leave inspirational quotes that others will use for their own motivation.

About the Author: For more information about

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By Larry Andrew

Debt consolidation and debt management go hand in hand. Before you consider any type of bill consolidation loan, you should meet with a reputable debt management counselor. You will learn some valuable financial management principles. You will get a specific road map to a debt free life.

Once youre committed to applying what youve learned, a debt consolidation loan can significantly reduce your financial stress. Those bad debt management practices will become history and so will your debts.

The real key to a debt free life is learning how to best handle your finances. A consolidation loan is only a vehicle to help you accomplish your financial goals. Bill consolidation is simply taking out money from one company or lender and using that money to pay off all your debts. Then, you are only responsible for paying one company and one bill. It sounds easy and it is, if you consistently use good debt management practices.

There are several options available to you for consolidating your debt. Here are three of the more common consolidation loans.

Home Mortgage Loans

As a homeowner, you have three types of home loans that can help free up the cash to pay off your existing bills.

First, you could take out a home refinance loan. Ideally, this type of loan should be used when you can get a lower interest rate than you are currently paying on your home. You are taking out a loan from a second financial institution to pay off your existing home loan.

Make sure that your new lower interest rate is a fixed rate. If it is an adjustable interest rate, your payments may increase. It is much easier to accomplish your financial goals when you have a fixed monthly payment.

One more note on refinancing your home. Be sure to check out the terms of the agreement. Many times a financial institution will lure you in with the promise of a low interest rate. However, they may have closing costs and fees that you must pay to get the loan. If you have to pay large fees to get the loan, you may be worse off refinancing your home. Be aware of all the costs involved, not just the interest rate.

The second type of home loan is called a home equity loan. Thats another name for a second mortgage. It means that you have two payments on your home. A home equity loan usually has a fixed interest rate, which is good. It also has a specific number of years, just like your original home loan. However, it should be a much shorter time.

There are two distinct advantages for a home equity loan. It does have the fixed interest rate and there should be no penalty for paying it off early.

There are also some cautions you should know about a home equity loan. If the amount of money you owe from both your original and second mortgage loan is more than the value of your home, you could have problems. For example, if you decide to sell you house, you may have problems with your lenders. They may not want to work with you because of fear of losing their investment.

However, if you do sell your home, you will likely have a debt left over for which you are responsible. So, if youre planning on moving soon, dont think too much about a second mortgage.

Finally, as a homeowner, you can get what is called a home equity line of credit. This is where you use your home as collateral. The financial institution sets up a specific amount of money for you to draw on. It is called a revolving line of credit.

The amount of your monthly payment depends upon the outstanding balance of your loan. At a minimum, you must pay interest each month. However, this is not a good practice. It does nothing to reduce your financial debt. The more you pay down the outstanding balance from your line of credit, the less your payment will be each month.

A typical home equity loan may last 5 years. However, beware. If you close the loan before the time is over, you will pay a penalty. If your balance is zero, you will have no payment of interest or penalty.

So, if you pay off the loan early, simply stop using the money. Resist the temptation to use the money for some other debt. When the original period is over, close out the loan.

If you dont pay off the loan off before the time is over, the loan normally converts to a variable principle and interest loan. It must then be paid off over a set time, such as five (additional) years.

There is one main concern with any type of debt consolidation mortgage loan. If you fail to make your payments, you loose your home.

Credit Card Consolidation Loan

When you do not own a home, many people use what is called a credit card debt consolidation loan. Thats a big way of saying that you put all your debt from your various credit cards (and other debts) on to just one credit card.

There are three advantages to a credit card consolidation loan. First, there is almost no paper work. There is no big approval process. Second, many companies offer you the first twelve-months with no interest. Third, you will often get a lower interest rate after the first twelve months.

This is a great option, if and only if, you make your payments on time and are able to pay more than the minimum amount required. You should pay as much as possible during the first twelve months. All your money goes to pay off your debt without interest.

Now, heres the bad news. If you are late on your payment or your payment doesnt process correctly on time, your twelve months of free interest is over immediately. Read the fine print. Not only will you loose the free interest, your interest rate will likely be higher than what you were promised after the twelve-month period.

Be very careful. Credit card consolidation can be dangerous to your financial health. You must make payments on time and you must concentrate on paying off as much of your debt as possible. Otherwise, avoid credit card consolidation like the plague.

Borrowing Against Your Retirement Funds

If you have a retirement plan from your company, such as a 401 (k) or 403 (b), you can borrow some money from your retirement fund. You will have to pay a set amount of interest, which is usually quite low. However, you are paying yourself. It is your retirement fund.

The key point to remember is that you are borrowing the funds. You are not withdrawing retirement funds. There are two major problems associated with withdrawing retirement funds. First, you will pay a ten percent penalty. Second, you will have to pay taxes on the amount you withdraw. You dont want either of these options.

You must realize that if you borrow from your retirement funds, it will immediately reduce the amount of funds accumulating for retirement. If you are younger, you may have time to make up for this loss of prior to retirement.

However, you also need to weigh out the cost of paying a high interest rate for your debt. That will also impact your financial future. If you can quickly pay off the higher interest debts, you may be able to concentrate on increasing your retirement funds and restoring your future financial security.

Be sure to talk with someone in your company about the pros and cons of borrowing from your retirement funds.

I hope youve learned about a few options for consolidating your debt. If you work hard on your debt management skills and use a good debt consolidation loan, you can become debt free. It may not be easy, but it is worth it.

About the Author: Larry Andrew founded and operated his own educational consulting corporation for over twenty years. He has extensive experience in teaching, business and finance. He is the publisher of

bad-debt-management.com

.

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By J.S. Kim

Most professional athletes suffer from young persons disease invincibility. They feel as though short-lived careers will happen to the other guy or the other girl, not him or her, and consequently fail to adequately manage their finances during their often, very short-lived, prime-earning years. Of course, there are always exceptions, such as New York Giants running back Tiki Barber. Mr. Barber decided to walk away from the game during the prime of his career to preserve his health and pursue other professional interests such as broadcasting.

There are others that also take an active interest in the management of their money, stay involved every step of the way, and retire in a great position for the rest of their lives. However, the opposite side of these stories are far too common stories of star athletes whose careers are cut short by injury, stories of star college athletes that never make it professionally (think 1986 Big East college basketball Player of the Year Walter Berry, a highly touted player who lasted less than 3 seasons in the NBA), and the most widespread of them all, stories of athletes bilked by their trusted advisors.

So lets examine the 10 reasons why a professional athlete needs to spend as much time searching for the proper financial advisor as he or she would spend searching for the right person to the rest of his or her life with.

(1)Most professional athletes believe that their careers will be much longer than the probabilities dictate.

The average professional athletes career lasts only 4 years. According to the National Football League Players Association, in the NFL, the average career is 4 years. In Major League Baseball, for pitchers, it is 4.8 years; for hitters, 5.6 year. In the NBA, it is 4.7 years.

(2)While average salaries are high, $1.4MM in 2005 in the NFL, and $2.7MM in 2006 in major league baseball, many players believe that their careers will last much longer than 4 years.

They figure that it will always be the other guy that is out of the profession soon and not him, so they fail to not only preserve wealth, but also they fail to grow what they already have.

(3)Major injuries often cut a professional athletes career short

When this happens, athletes that have depended on their bodies their entire lives for earning potential often find themselves without an adequate alternative skill to earn money after their professional sports careers end. Therefore, building wealth during their prime earning years is critical to a happy retirement.

(4)Many athletes live above their means, blowing huge percentages of their salaries on expensive cribs and rides (anybody that has seen an episode of MTV Cribs is familiar with the excesses of professional athletes in these two areas.)

Just because an athlete’s cash flow at the time seems limitless does not mean that it is. A good financial advisor will ensure that an athlete has a plan B to deal with unforeseeable circumstances.

(5)Many athletes spend more time searching for the perfect ride than they do finding the perfect financial advisor.

Given that this decision will impact the athletes life more than any other decision he will ever make, the process of finding a financial advisor should be rigorous.

(6)Many athletes give their financial advisors too much control.

An inordinate amount of professional athletes dont take a personal interest in the management of their assets, leaving management of their assets to a trusted advisor that more likely wants to bilk the athlete than help him. A great financial advisor will insist that the athlete understand why he or she is making certain investments on behalf of the athlete. A bad financial advisor will tell the athlete, Trust me. This is the best thing for you to do, thereby securing liberty to invest the athletes money into products that will make their wallets fat.

(7)Fairytales like Jerry Maguire dont happen very often in real life.

Though they do happen, the opposite case scenario of being the number one receiver to being out of the NFL the next year scenarios happen far more often.

The last three reasons center around the hazardous world that is the one of professional financial advisors and consultants. Think of the agent from Spike Lees movie He Got Game that was trying to lure Ray Allen as a client, and you have a fairly accurate picture of the level of deception and greed that is common in the world of investment advisors.

(8)Since so many professional athletes in the NBA, NFL, and MLB are minorities, advisors play the race card all the time to gain the trust of clients.

Many athletes fall victim to this pep talk of we got to stick together, fail to adequately screen a financial consultant, and place their trust in incompetent advisors. Case in point. When rapper mogul Master Ps No Limit sports agency was able to convince University of Texas star running back Ricky Williams to be a client, they negotiated, on Rickys behalf, an eight year contract that had very little guaranteed money and was instead dependent upon numerous incentive clauses that had very low probabilities of achievability.

Consequently, Ricky never was able to earn money that should have been guaranteed in the first place given his status coming out of college. In fact, the negotiated contract was so bad that other agents called Rickys employer and congratulated them for getting a top NFL prospect for close to nothing.

(9)Many minority financial advisors again play the race card to gain enough trust to bilk their clients.

Calvin Darden Jr., a 31-year-old stockbroker, gained the trust of New York Knick Latrell Sprewell, and then proceeded to steal $300,000 from him. Sprewell, compared to the great number of athletes also robbed by their financial advisors, actually got off light. William Black, stole more than $11,000,000 from New York Giants star Ike Hilliard and other athletes whose money he handled.

(10)Situations # 8 and # 9 happen because most professional athletes have no idea what questions they need to ask a financial advisor to understand if he or she is competent or incompetent.

Many instead, focus on irrelevant things like the type of car the advisor drives, what kind of suits he or she wears, and what kind of watch he/she wears. Ive had several meetings with professional athletes regarding management of their assets and most of them did not ask any questions that would remotely help them gather enough information to make an informed, intelligent decision about whether or not I would be the right financial advisor for them.

If athletes let financial consultants control the information exchange in meetings, they will get burned because financial consultants are experts in making sales to clients. They can pick the proper strategy to use for each unique situation, pandering to the race card, fear of losing money and ending up broke, or greed. Some professional athletes decline advisors for ridiculous reasons like the car driven by the advisor was not the right kind of car or the suit worn by the advisor was not the right brand. I have seen advisors mortgage their financial future and liquidate their retirement accounts to buy expensive cars. I have seen other financial advisors lease expensive cars they couldnt afford to impress clients.

Yet some athletes would decide to place their money in the hands of these advisors versus much more competent advisors that would manage their money infinitely better. Athletes need to learn what questions they must ask financial consultants during meetings so that they can determine the level of competence of the advisor. Often, athletes will meet with an advisor for two hours and at the end of the meeting, still know nothing more than they knew at the beginning of the meeting that will enable them to make an informed decision about who to select as their financial advisor. One must ask good questions to receive good answers.

To learn 10 questions that will help you identify a competent advisor, visit us at www.smartknowledgeu.com/blog and search the link for Educational Resources.

About the Author: J.S. Kim is the founder and managing director of SmartKnowledgeU, LLC. Please

visit the SmartKnowledgeU website to learn the safest places to invest money and how to achieve financial freedom

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By Jennifer A. Gardner

There are goods and bad about every thing, same is true for single parenting. However if you sum up the two for single parenting the bads will far outnumber the goods. Therefore all single parents work with a disadvantage.

All parenting issues are centered on children. This also holds true for single parents. All single parents except few have to work and also look after the children without the help from the other partner. The question is whether a single parent has time and ability to earn and look after the children alone. If the child goes to school he is being looked after there while the parent is at work but for preschool children some sort of arrangement is to be made so that they are looked after at home during their parent’s working hours. Preschool is difficult to afford and there may be more than one kid. At this time the grandparents may step in to play their role. This is very important as according to the US Census conducted in 2000, 5.6 million kids reside with their grand parents. Many preschool children are not fortunate enough to have grandparents or any other relative to look after them when their parent is at work. In this case either the parent should work at home or arrange something for the children. This is the major difficulty faced by single parents.

Second difficulty faced by single parents is time management. Raising kids is a full time job and so is your work. Managing the two in the same 24 hrs puts extra stress on the parent. So every day you start off as a machine. You get up early and prepare the breakfast. Then you get yourself and your child ready for the day. You leave for work and drop your child at school early at 7 am. Then you get past all the traffic to reach your office. After a tiring day’s work you leave your office at 5 pm and pick your child on the way home. Without a moment to relax you start to prepare dinner and help your child with the homework. You are lucky if you don’t have to bring your work home. As soon as you are finished with homework and dinner it is bedtime and you put your kid in bed after a bath and a bedtime story. This is what happens each weekday. More so, special arrangements are required for the kids during holidays. Not that it is physically and emotionally taxing it also affects your progress in your profession. This is another difficulty faced by single parents.

If you are a lone parent or planning to be one it is important for you to realize that proper planning is the key to your success and so is a support network. The biggest issue to solve is the time distribution between yourself, work and children so that you can spend few meaningful moments with your children. It is also a drawback that all single parents have to do all the work alone but patience, a little support and good planning can help you a lot.

About the Author: Find great resources on government assistance for single mothers and college scholarships for single parents from top single parenting for dummy guide at singleparentingfordummy.com

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Adverse Credit Bank Account-Get Rid Of Your Troubles

by

jacabroxyYou may definitely feel self-conscious to approach a financial company when your bank account shows an off-putting balance, however, in such state of affairs, adverse credit bank account can help you to get rid of your troubles. This type of an account is planned for your poor credit rating. Nonetheless, you can improve your credit status with the accessibility of these schemes. People possessing credit tag such as non payments, IVAs, CCJs, insolvencies, can opt for this credit scheme with no hassles. Any type of holders can go for these accounts without any restrain of their disagreeable credit records. In fact, these services also make you eligible for availing the funds in order to carry out your personal and business needs as well. By the means of these services, you can enhance as well as make your life easy. Since this involves the feature of no credit checks, you can thus eliminate your fiscal obligations in this type of an account. Indeed, with the online and telephone banking services, you can make use of this form of account with great ease. There are no additional fees to be charged. So, if you want to open an adverse credit bank account, then, poor credit bank account, you are required to show two ID proofs. These consist of a driving certificate and your resident proof.It is feasible option for you to log in and look for a range of sites that are available to support you in this category of an account. As a result, you can thus opt for this form of an account on the basis of these attractive points.

Jacab Roxy is financial adviser for Cheap Fast Loans. click on the links to know more

adverse credit bank account

, cheap personal loans,

poor credit bank account

and

cheap loans

.

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By Daljeet Sidhu

Every business has its share of slow-paying and non-paying customers. Bad debt is a problem for businesses of all sizes. If you are considering dealing with non-paying customers yourself, think again. It may make sense to hire a collection agency instead. They are skilled in debt collection strategies and legal protocol, so that you can leave the task to them with confidence.

Collection agencies decide upon the means of collecting debt according to the type of debtor. Some debtors do not need much persuasion while others do. For many debtors, just getting a letter from a collection agency is sufficient to make them pay the bills. However, some difficult debtors will do anything to avoid paying the debt.

Handling difficult debtors requires patience, skill and perseverance. Difficult debtors can be easily identified by their attitude. They can claim that they do not owe the creditor any money and try to wheedle themselves out of the situation. If they acknowledge the debt, they will make every excuse under the sky to convince you of their financial difficulties and inability to pay up.

Here are some tips on handling difficult debtors:

Contact the right person

Ensure that you are talking to the right person in the debtor’s company. Do not let the debtor refer you to other people to engage you in a fruitless merry-go-round.

Be firm

Make it clear that you expect payment for the products or service that the debtor has purchased from you. You have fulfilled your side of the contract by providing the services and goods and you have every right to expect payment for it.

Be professional

Though communicating with difficult debtors can be aggravating, as a professional you need to be keep your cool at all times. You must be patient and firm. Adopting a professional and impersonal attitude helps. Do not shout, even raise your voice, abuse or threaten the debtor, on any account.

Be focussed

The debtor may try to divert you from the problem on hand by discussing personal stories and making innumerable excuses. You must keep a tight rein on the conversation at all times, and bring it back to the purpose of the meeting – to collect payment or get a commitment for the payment.

Ask questions

Interrogate the debtor on the excuses made for not paying the debt. Asking lots of questions forces the debtor to come up with believable answers and in the barrage of stories, the truth can just slip out. The debtor usually hopes that the lies will be accepted without question. Persistent questioning makes debtors uncomfortable, as they have to keep coming up with more lies to support their excuses. Avoiding a repeat performance of the interrogation prompts debtors into settling the payment.

Report debtor to credit rating agencies

Sometimes, none of the above measures will show results. This happens when the debtor is exceptionally stubborn. Inform debtors that you are being forced to report them to a major credit rating agency. Reporting debtors to credit rating agencies will affect their chances of getting credit for up to 7 years. Sometimes, the threat works and the debtor may pay up. Otherwise, you must follow the warning with action and report the debtor to the credit bureau.

Litigation

Litigation is the last resort. Warn the debtors of your intention of filing a lawsuit against them. If they do not heed the warning and pay up, make sure you follow through and file a lawsuit. This will make the debtor take collection attempts seriously and it will affirm your credibility.

Collecting debt from difficult debtors is an unpleasant and arduous task. However, it needs to be done. Patience, focus, persistence and professionalism are required to handle these debtors. Warnings must always be followed by action to ensure the debtor takes collection proceedings seriously and pays the debt.

About the Author: Daljeet Sidhu is at TradeSeam. Read our

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By Emily Atkins

A husband having emotional affair with a colleague at work, an old friend or online does not automatically makes him a cheater. Although emotional affair does not involve sexual or any physical activity, it can be very damaging to marriages.

Emotional affair can ruin a relationship mainly because of trust issues. Deception and lies become a part of your marriage and as a consequence, you will lose faith in your husband. Having emotional affair can also create distance between the spouses because women are very emotionally attached.

Experts say that emotional infidelity is more difficult to prevent and to stop compared to a physical one. If you don’t do something about your husband’s emotional affair immediately, there is a big possibility that it will lead to a sexual affair. Therefore, it is very important that you confront him as soon as you find out.

Below are tips on what to do if your husband is having an affair:

Make Your Decision – The first thing you must do is to decide whether you want to continue your marriage or not. Think of the consequences and determine if your husband is willing to make up and save your relationship. You must also consider your financial and emotional stability and the future of your children. If you think that he is not willing to let go of the affair or that he has a long history of infidelity, then it is advisable that you move on.

Fortunately, in most cases, a husband having emotional affair is willing to save the marriage. He loves you and he loves his family. He is just confused or got carried away and all he needs is your comfort.

Talk To Him – The most common reason why a husband gets into an emotional affair is lack of communication. You spend less time talking or hanging out with your husband. Having emotional affair is usually caused by loss of excitement and interaction by not going out on dates or doing the things you usually do on the early part of your relationship.

When you find out that your husband is having an emotional affair, sit down and talk to him about the problem. Tell him that his affair is affecting you and the children. Show that you care and most importantly, tell him that you will not let this thing continue. Find ways that will bring back the joy of your marriage like spending more time with your kids or engaging in activities that you both enjoy.

Marriage Counseling – Couples having a problem with their marriage usually resort to counseling right away. Marriage counseling will cost you a lot of money or you might not be comfortable in attending one but it is a good way to work out the issues of your marriage.

A lot of marriages have been saved because of counseling because the husband having emotional affair can open up and talk about the problem. You will also receive good advices and tips from marriage counselors that are proven to work. Try to convince your husband to attend counseling or other similar programs in your area.

About the Author:

Emily Atkins

is a well-known writer and researcher about marriage problems. A

husband having emotional affair

should be confronted immediately. Emotional affairs can lead to sexual or physical affair if not dealt right away.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=635689&ca=Marriage

How to Start a Cleaning Business on a Shoestring Budget

by

Steve Hanson

Copyright 2006 The Janitorial Store

No matter where you live, there is always a need for cleaning services. After all, life is messy! Commercial buildings of all types and sizes need to be cleaned daily, weekly, monthly, or somewhere in-between. By offering commercial cleaning services you can satisfy a need in your community and can build a profitable cleaning business at the same time. By taking the right steps at the beginning, you can start your cleaning business with very low up-front costs, and, unlike many small businesses, you can actually clear a profit in your first year of operation!What are the advantages of starting a cleaning business as opposed to owning and operating another type of business?* A successful cleaning business can easily be started by one person who does everything from billing to marketing to the actual cleaning. You can start the business part-time and keep a full-time job until the business grows and can support your lifestyle.* You’ll provide the cleaning services at the client’s building, so more than likely clients will never go to your “place of business”. Therefore, you can easily run a commercial cleaning business out of your home. A spare room or garage can hold your supplies and equipment, and you can use a spare bedroom or small corner of any room to do your paperwork. Working out of your home saves the cost of leasing or owning a building and you can write off part of your home mortgage and utilities as business expenses.* You can start a cleaning business with only a small investment in supplies and equipment. As your business grows and you offer more services such as carpet cleaning or stripping floors, you can buy or lease equipment.* When just starting out you will probably do most, if not all, of the work by yourself. If you need employees you can work with a temporary employment agency and avoid the challenging tasks of payroll and paying employment taxes, social security, unemployment, and worker’s compensation.* A cleaning business can start out as a sole proprietorship, which is the easiest and cheapest way to set up a business entity. As the business grows you can consider changing the structure to a corporation or limited liability corporation, which may require an attorney and an investment of several hundred dollars.What steps are needed to not only start a cleaning business, but to make sure that it is a successful cleaning business?* Begin by writing a business plan. This does not have to be a long document, but a three-to five page document that you prepare to help you focus and decide the basic parameters of your cleaning business. Include the following in your business plan: business name, location, geographic area you will serve, competition, business structure, marketing plan, accounting procedures and a cash flow spreadsheet. Remember, a business plan is to help get you focused – it is not a hard and fast document that outlines the day-to-day operations of how you will run your cleaning business.* After deciding on a business name and business structure, it is important to decide on a particular “niche” for your cleaning business. Do you want to clean small office buildings, large office buildings, medical clinics, banks, new construction or government buildings? It is much easier to start with one particular niche and focus your marketing efforts on a select group, rather than spreading yourself too thin.* When just starting out your cleaning business you can easily operate on a shoestring marketing budget. Avoid the expensive and often ineffective newspaper and radio ads. Market your cleaning services through networking (especially through your local chamber), cold calling (in-person and by telephone), talking to property managers, and watching for new buildings going up in your area.* Once you decide to start a cleaning business, develop a relationship with a janitorial supplies distributor. Although it may seem like buying supplies through a distributor is more expensive than buying through a “big box retail store”, there are many advantages in working with a distributor.A distributor can teach you how to use supplies and equipment properly, which will save your cleaning business time and money. A distributor has knowledge of new products and can let you know when a cheaper product works just as well as a more expensive item. Through a distributor you will be able to buy concentrated and more effective cleaning chemicals. Knowing what chemicals to use and how to use them can directly affect your bottom line. This is advice you cannot get from a big box store! And besides giving advice and training, a janitorial supplies distributor may have leads and referrals that can lead to profitable cleaning accounts.* Another important person to find right at the start of your cleaning business is an accountant. A good accountant does much more than figure out your taxes at the end of the year. He or she will provide financial advice and guidance throughout the year and help you make important financial decisions such as when to buy or lease a piece of equipment or whether you should rent office space. This will help to save you money.Hard work, dedication and attention to detail will keep your cleaning business going. Taking the time to make plans for your cleaning business will help to ensure that your cleaning business is successful!

Steve Hanson is co-founder of TheJanitorialStore.com, an online community for owners of cleaning companies. Sign up for Trash Talk:Tip of the Week at http://www.TheJanitorialStore.com . Read success stories at http://www.cleaning-success.com .

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How to Start a Cleaning Business on a Shoestring Budget}