Friday, April 12, 2019

Credit Repair Companies can Help Fix your Credit Score


Credit repair companies, Credit repair services, Best credit repair companies.

There was a time, and it was not so long ago, when you could get a home loan from pretty much anyone you wanted to irrespective of how good or bad your credit score was. Today, lenders are looking for much improved credit scores if you are to get a loan from them and for some reason or the other that just doesn’t happen. People don’t have that kind of score on hand. And so if you are looking to get a loan or a mortgage you will be left high and dry as one lender after the next lets you down nicely or not so nicely. And did you employers also use credit scores to decide who to hire? What can be done about a bad score then? Well, simple. You turn it over to credit repair companies.

Credit repair companies, as the name might suggest to you, helps you fix up that credit score and makes you much better off financially than you were before. You can do all of the legwork yourself or you can hire one of several possible credit repair companies. And these credit repair companies will get the job done for you if you feel you’re not capable of fixing up that credit problem of yours yourself. If you don’t, that broken credit score could be a real problem, so it does make


sense to fix things one way or the other. A basic Google search or a glance at the telephone directory will reveal to you that there are several credit repair companies out there that are ready to help. Some are more evil than the rest though, so choose wisely.

Choosing the right one among several credit repair companies will help you boost that credit score of yours rapidly and it is the big decision you have to make. But how do you choose the right credit repair company? Well, see, that’s the easy part. The right credit repair company will not demand a large sum of money upfront. They’ll make a promise and deliver it and offer client references whenever asked for. Their contract will clearly state what they will do for you and will not pressure you. And of course, they will have some para legals on their team for assistance. See if all those check boxes are ticked off.

Of course, they will be more expensive than doing it yourself, but it’s always better to hire them when you don’t know how to go about doing things. These credit repair companies take at least 3-6 months to get the job done and they will charge a monthly fee. Some will also have a setup fee. That money is used to order your credit reports and develop a plan to improve your credit score. If you are still looking to not spend that money, find out ways to get it done yourself.

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Getting Preferred Stocks and How to Buy Them

Preferred stocks and how to buy them

To know if a company has outstanding preferred stocks and if you can get them, grab hold of its annual reports or even the financial statements, if you can get hold of it. Now, take a look at its shareholders equity. If any preferred stocks have been issued, a mention would be made of it here. If this is outstanding, then you can read more about the company’s prospectus for more information. Generally speaking, all banks issue preferred stocks as a prime source of Tier 1 capital.

If you want an overview at large, check out the Quantum Online website. It is a terrific tool for investors of any type, and of course that would include those looking at investing in preferred stocks. You are required to register with the site in order to gain access to their tables and list of securities, but it is well worth it since it is free. If you look around, you’ll find information about preferred stocks detailing its ratings from credit agencies, share prices, retraction information, dividend amounts, etc. You can look at several good options, such as the Malachite Aggressive Preferred Fund. It is a fund that is actively-managed and made available only for accredited investors.

If you are an individual investor, you can also be accredited. You need to be able to hold financial assets worth a net realizable value of over $1 million (either in an individual capacity or in a household). Failing that, you must have income before taxes of more than $200K in each of the two preceding years or $300K if you are married. But the simplest option is that to be recognized as an accredited investor, you need to invest at least $150K in the fund. Who says money can’t buy you everything?

But there are several options for you as an investor, such as the JOV Leon Frazer Preferred Equity Fund (also an actively managed fund) that manages to create dividend income by investing in preferred stocks. ETF’s too can be an option, given how they are all the rage at the moment. The management fee on these ETF’s are obviously lower than it is with mutual funds and that is one of the key benefits of ETF’s. For example, the Claymore S&P/TSX CDN Preferred Share ETF tracks the preferred share index and does so for you at a management fee of 0.45% per annum.

There are some key differences between stocks, bonds and preferred stocks and if you are looking to invest further in preferred stocks, hopefully you would have gained a better idea of how to do so. The key is to take a look at the company’s prospectus, since it will be available online and easily accessible.

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Thursday, April 11, 2019

Dividend Mutual Funds Offer Investors Protection

Dividend Mutual Funds Offer Investors Protection

One of the best ways newbies to the world of investing can get started is to try and learn as much as they can about investing and start to diversify their portfolios as best as they can. Mutual funds, and dividend mutual funds are an excellent way of doing just that. There are several choices that can be made when choosing between several mutual funds, but dividend mutual funds are a great way to invest since you get a little more back than you normally might and it’s great for investors that are beginning to earn their stripes. What dividend mutual funds do is pick out investments that pay off dividends.

Just in case you’ve been curled up under a rock and don’t know what mutual funds are in the first place, here’s a quick recap. Mutual funds are a collection of investments clubbed under one head. The mutual fund manager chooses what to invest in and when you invest in it you invest in everything the mutual fund holds. For beginners this is excellent since you won’t have to pick out stocks and end up losing a lot of money. In addition, it will let you diversify your holdings and spread the risk around. So you can choose between money market mutual funds, bonds, or commodities, pretty much anything when picking out mutual funds. And dividend mutual funds are obviously also an option since they choose dividend paying investments and help you recover your initial investment faster.

The little bit extra that these dividend mutual funds offer makes them a very safe bet. After a pre-set period, some companies will pay out money from its profits to its shareholders. This can be quarterly, monthly, annually or even bi-annually. This is money you get simply for holding the stock of the company. You can do whatever you want with it and only have to remember that there are taxes to be paid on it. Some companies even allow these dividends to automatically be ploughed back into buying some stock. That means you get shares for nothing and your holdings and earnings are boosted steadily just for participating in these dividend mutual funds.

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Wednesday, April 10, 2019

Personal Finance Loans Might be Just What you Need

Personal Finance Loans Might be Just What you Need

Perhaps you are hard up for money but no one will extend you a loan. Maybe you have made late payments on your credit cards to the extent that you have shot your credit score to bits. Now, in your hour of need, no one will be giving you a loan. What do you? Have no worries, because like a knight in armor come to save the fading day, you can always use personal finance loans as a way out of this little mess that you’ve made for yourself.

Normally, getting personal finance loans are easy as hell and you can get them without much of a hitch at all. Normally, the formalities of these personal finance loans are easy to complete and you won’t have to wait a lot at all. The fact is that these loans are much smaller than the common loan that you find out there and so they can be put towards any use imaginable. Want to fix up the car? Check. Want to do up the home? Check. Want to go on a vacation? Check. Want to use it to pay for hookers, alcohol and drugs? Check. See how easy it is to get one of many possible personal finance loans?

Many people that do get this kind of loan make sure that it is an unsecured loan. The problem with getting an unsecured loan is that the interest rates that will be levied on this loan will be higher than normal. But that is only true if you are asking for a large amount of money. After all, if you’re going to take an unsecured loan the banker will want some kind of proof of good faith that you’re not going to vanish with his money forever! Financial institutions don’t really care what you intend to do with this money so long as you repay it in a timely manner and in full.

Depending on how much you borrowed and the terms of the borrowing, the repayment of the article can go on for a few months or even a few years. The general rule of thumb though is that you should try to repay it as soon as possible so as to avoid hefty interest charges. Not only will you save on interest, but you will also be able to improve the credit score that saw you head for personal finance loans in the first place, nipping the root of the problem in the bud.

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Tuesday, April 9, 2019

Retirement Planning: No One Ever Said it Would be Easy

Retirement Planning: No One Ever Said it Would be Easy

One question that keeps on coming back to me like a faithful boomerang is on retirement and more specifically retirement planning. Everyone always ends up asking me just how much they should save up for their retirement. How do I put this delicately; there is no one number that I can give everyone. It’s just a personal thing. If I know you better, yes, I can give you a number. But allow me to explain why it’s such a point of personal reference. For some people a Volkswagen Golf GTI is their everyday car and a BMW M3 is a car they’d love to keep in the garage. For some though, the BMW M3 might be their everyday car while they’d love to see a Ferrari 458 Italia in the garage. Perspective; it’s a funny thing.

But how do you save up money like the numbers some people tout? Look, I never said retirement planning is easy; I did say it can be done though with some discipline, dedication and diligence. That’s the only 3D you need.

Just how much do you need to save?
Imagine you plan to work from 20 till you’re 60 (for calculation’s sake). What that means is you have to work for 40 years to get through potentially 20 to 30 years of your life. So your nest egg will be used up for almost as long as you will take to build it up. Now, let’s assume some more things. For one, let’s say your income matches the rate of inflation perfectly. Let’s also assume the same for your investments. Let’s also assume that your lifestyle remains unchanged. If that does happen, you will have to save something like 35% of your income each year. And that’s something not many people do.  Most people only save 5-6% per year, so you now see where the problem lies.

Retirement is getting earlier for most
Generations before us saved more and worked for more years than us and yet we want to retire earlier than them despite doing none of these things. We have a very materialistic mind and if you’re banking on your investments getting you to the Promised Land, you could be in serious trouble. Save more, invest better and work longer if you have to. Mind you, it doesn’t have to be a full-time job; even working as a consultant or part-time counts. Once you feel confident about money, you can always stop working and do whatever you want to.

Don’t ask when you can retire. Instead, know what you want to do and start planning towards it, whatever it may be.

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