Monday, December 31, 2012

Bad Credit Special: Up To $10,000 In Personal Non-bank Loans

While nothing is guaranteed in this world, some things are more likely to happen than the others are. The same is true of personal loans for bad credit. People with past credit problems are way more likely to get a personal loan from a non-bank lender rather than from a traditional brick-and-mortar banking institution. People of all credit grades experienced problems obtaining financing during recession, when most lenders have tightened their underwriting criteria and limited new lending. Consumers with bad credit suffered most, as virtually all banks have seized loan activities for sub-prime credit grades.

This is exactly where non-bank lenders come in handy, as they offer a wide array of lending programs from small amounts with no credit checks to personal loans of up to ,000. What is even better, these loans do not have to be secured by home equity or any other sort of collateral. While loans from non-traditional lenders are widely available and feature easy approvals, there are few major criteria to meet.

Ongoing Employment

All lenders, whether it is a bank or an online lender, need to establish the grounds for repayment. That is why having a steady income coming from a verifiable source is vital in a successful loan application. Most lenders would not consider applicants with less that 90 days of ongoing employment, and some require at least six months employment with the same company. The longer you have been employed at one place, the better, as lenders consider a steady employment to be a sign of stability.

Valid Bank Account

In order to become eligible to get a personal loan from a non-traditional lender you have to have a valid bank account. Checking account would satisfy the minimum requirements, where savings or money market account would significantly add up to your credibility. Typically, you would have to furnish bank statements for three months preceding the loan application, and those have to be clear of any serious blemishes, such as bounced checks, excessive overdrafts, and so forth.

Proof Of Identity And Residency

As most non-traditional lenders do operate online and, most likely, would never see you in person, they need to establish your identity and physical address. The common procedure of satisfying the above requirements is providing the lender with a copy of your State ID and a recent utility bill in your name. In addition, some other documents may be required in the process to get you approved, depending on the lender policies and the loan amount. Typically, the larger your loan request is, the more paperwork is needed.

Choosing The Right Lender

Depending on your credit record, income, and state of residence, there may be some lenders that would reject your loan application and some that would approve it. Therefore, as different lenders have different policies and procedures regarding bad credit personal loans, it is important to apply with multiple lenders to make your loan application a success. In addition, being approved by several lenders would let you choose the best rates and terms. Internet has made it extremely easy to apply, with very little effort and time spent, and you should apply online to get your loan request expedited.

Thursday, December 27, 2012

Why Buyers Shouldn't Depend on Emotions When Purchasing Portland Homes for Sale

In order to maximize profits, houses being sold by realtors usually undergo refurbishing and renovation in order to look as presentable as possible in the eyes of potential buyers of Portland real estate. Most of these house have been subjected to an overall inspection and repairs of all the major defects that were found when they were first bought by the seller. After these basic procedures, they would be sold at a price higher than the amount they were initially bought. Potential homebuyers then choose a house that they can buy and then take all the needed steps to make sure that they are making a good home purchase. However, there are still some cases wherein some buyers end up in a remorse in spite of all the attention that they have given during the buying process. This scenario usually happens when the home buyer had some misunderstandings with the seller or the buyer met an agent that is hard to communicate with. There are also cases wherein flaws and imperfections have been found after closing the deal, which makes it hard to make arrangements regarding the repairs. However, these kinds of mistakes could have been avoided if the emotional involvement that most buyers experience have been fully controlled.

A buyer's emotional attachment can become a big hindrance to see all the potential risks and impending problems, since most of them could not help but become very excited in finally owning a house they actually bought, whatever the agent or the seller says. Usually, sellers avoid prolonging the procedures because they want buyers to close the deal with them during the time when they are most excited or when they are most emotionally involved. Sellers know that the excitement experienced, most specially by first-time home buyers, is a factor that makes them overlook some important procedures that could help them avoid a home buying mistake. This only shows that relying on emotions can actually go against you. So this means that instead of depending on what you feel, it is better to rely on logic.

Being logical can save you from a home buying remorse. No matter how beautiful the house is or how good the location is, it doesn't mean that it is the perfect one for you and that you have to close the deal right away. Whenever buyers tend to take shortcuts in the buying process, this is where the problems tend to come in unnoticed. To avoid these, you should be as logical as possible in going through the procedures. Remember that there is more than what meets the eye or better yet, there is a lot more behind what the seller or the agent is telling you. Your own personal scrutiny and your critical eye should be applied. Never make haste in closing the deal but rather, take time to be certain that you are making the right decisions when buying Portland homes for sale.

Tuesday, December 25, 2012

Sensible Car Leasing for Beginners

Automobile leasing is extremely widespread because it gives a sexy technique of driving an automobile that you might not otherwise afford. It permits you to make decrease monthly funds than with conventional automobile buy loans. About one out of every four autos pushed by automotive customers in the United States are leased.

But leasing is just not for everyone. It's best to take the time to learn about leasing, and be certain it's best for you earlier than making a decision.

What is Leasing?

While a purchase mortgage is a method of financing the possession of a vehicle, leasing is a method of financing the use of an automobile for a specified time period. As much as it seems like renting, leasing is different.

A lease is a formal contract with a leasing supplier that permits you to drive the supplier's car and only pay for the portion of the automobile's value that you simply deplete through the time you're driving it. You conform to pay for insurance coverage, licenses, taxes, repairs, and maintenance.

The leasing provider retains possession and title to the vehicle throughout the lease. At lease-finish you may merely return your car to the provider, or you could purchase the vehicle and proceed driving it.

Benefits of LeasingLeasing presents the following advantages when in comparison with purchase loans:

- Lower month-to-month funds
- Extra automobile, more typically
- Minimal or no down fee
- Smaller gross sales tax bite in most states
- No used-car complications at end

Who Gives Leases

Contrary to fashionable perception, automobile dealers don't lease cars. Banks, credit score unions, and monetary divisions of main automotive producers lease cars. Dealers simply act as agents of a leasing provider, corresponding to Ford Motor Credit or GMAC, to rearrange the lease in your behalf. Sellers sometimes work with more than one provider.

Once you've picked out the automobile you need, the vendor sells it to the leasing supplier, who leases it you. It isn't crucial, neither is it at all times the only option, to make use of the "captive" leasing company chosen for you by the dealer.

You can prepare for lease financing your self with an independent leasing firm, bank, or credit score union after you've negotiated worth with a dealer. Some lease suppliers even work with dealers to amass automobiles for you at diminished costs, saving you money and the stress of negotiation.

Who Ought to LeaseLeasing is smart for many automotive customers, but not for others. This is the best way to decide if you are a good leasing candidate:

- Are you prepared to commerce ownership of your vehicle for decrease month-to-month payments? Leasing is a good way to lower your funds or drive a greater automobile in your cash, however you have to be comfy with having no ownership of your car, until you buy at lease-end.

- Are you able to stick along with your lease till the end? Leases require you to decide to driving your vehicle for a specific variety of months -- sometimes 24, 36, 48, or 60 months. For those who really feel your life-style, your finances, or just your style in automobiles might change significantly in future months, you may not be an excellent lease candidate. To end a lease early is often troublesome and costly.

- Do you drive more than 15,000 miles annually? In case your answer is sure, you might not be a superb candidate because lease contracts are usually written with an annual mileage limit, typically 10,000-15,000 miles. Should you drive more that the specified variety of miles you'll pay a price for every mile over the limit.

- Do you typically hold your autos in good situation and change automobiles every few years? If so, you could be proper for leasing. Lease suppliers require you to keep their vehicle maintained and repaired, with no more than normal wear and tear. For those who do not, you may be charged at the finish of your lease.

- How is your credit standing? You probably have a history of paying your bills on time and haven't got excessive debt, you're a good lease candidate. In any other case, you might be required to make a large down fee and pay greater finance charges or, worse, be refused the chance to lease.

Purchasing for a Lease

The most essential element of a good lease deal is the value of the vehicle. No matter whether you purchase or lease, it's best to always get the very best price first. When leasing, this value turns into the capital value, or "cap cost." Prior loan balances and fees could also be added. Rebates, discounts, down payments, and commerce-in credit are subtracted. The decrease the capital price, the decrease your month-to-month payment. That is the only aspect of a lease deal that a seller directly controls.The remaining components of a lease -- money issue, residual value, and associated charges -- are managed by the lease supplier and aren't negotiable.

Since a lease is just another form of financing, interest charges apply. These interest charges are referred to as "cash factor." Cash factor is expressed as a very small number similar to .00375, which is equal to 9% annual interest rate. Once more, a small cash factor results in decrease monthly lease payments.

Residual value is an estimate of a car's wholesale worth at the end of a lease term. The longer the lease, the smaller the residual value. Your lease payment is primarily decided by the difference between cap price and residual worth, which is the amount that the value of the car depreciates during the lease. The higher the residual worth, the lower the lease cost.

Sales tax can also be included in your month-to-month cost, depending on the state you live in.

You may simply calculate automobile lease funds, once you realize the important thing components, utilizing this Lease Calculator by

Leasing Fees

There may be certain charges related together with your lease. The charges that lease suppliers charge fluctuate each in variety and amount. One of the crucial widespread is an "acquisition price", which is an administrative charge for the work in initiating a lease. Another widespread fee is a disposition payment, usually charged on the finish of your lease once you return your vehicle.

You might also be charged at the end of your lease for excessive mileage, damages, and strange put on-and-tear.At first of your lease, you can be requested to pay the primary month's fee, a safety deposit, a down cost, if any, and relevant miscellaneous fees associated with licensing an automobile in your state. Additionally, you will be asked to indicate proof of insurance.

Driving Your Leased Vehicle

Your vehicle should be driven and cared for in accordance with the phrases specified in your lease contract. Typically, this implies conserving the car in good condition, utilizing it for lawful functions, maintaining insurance coverage, and allowing it to be pushed solely by licensed drivers.

Thursday, December 13, 2012

1 Ugly Truth About Real Estate Commission and a Few Things You Can Do About It

Have you or are you thinking about discounting the commission when selling a home? If so, please continue reading.

You're about to read a true story. You may or may not like it, but it happens. And it could be the reason a home isn't getting more traffic.

When I was an active realtor, I had a listing on the market for approximately 3 months. The commission that was being offered to a buyer's agent was 2.5%. It was getting decent traffic but it was also at the time when the market was beginning to slow.

I uploaded the listing on a few of the sites below as well as the seller's home owner's community web site. I received a call from an agent saying he had potential clients that saw the listing on the community web site that were very interested and wanted to know why I had discounted the commission. I don't think I have to tell you that that's absolutely none of anyone's business. Please continue reading to find out what happened in the end.

Commission Rates Have Always Been Suggested.

By law there is no definite percentage or cash amount that a real estate company can charge. For quite some time, 6% has seemed to be the standard and the commission is paid by the seller. In most transactions, there is a listing agent and a buyer's agent with the commission being split between two different agents and two different real estate companies (unless the buyer's agent works for the same broker as the listing agent, then the whole commission, usually 6% is paid to their broker).

The listing agent (with permission from the seller(s), decides what that split will be. Most of the time the split will be 3% for each side (the listing company and the buying company). Sometimes, especially if the commission has been negotiated by the seller, the split can be lower than 3% and in some situations higher than 3%.

How an Agent Can Search for a Buyer

When an agent runs a search for their potential buyers in their multiple listing system, they can choose not to search for homes with commissions below 3% by filling in a certain search field.

Now I can only assume from the story above that the agent was only looking for listings with at least a 3% commission. But because I had put the listing somewhere else for other buyers to see, it received more exposure and to make a long story short, his clients bought the home.

Most buyers are online first when beginning their search. Sometimes a buyer will look where their friends live. That's what happened in the case of the buyers finding the listing on the community web site. The more exposure you can get, the faster a home can sell.

Below are some sites your agent or you can try for more exposure.

*If your home is listed with a real estate company, make sure your agents contact information is listed if you choose to use any of the sites listed.

*If you're selling a home without an agent, take precautionary measures as far as safety when showing the home to potential buyers.

1) /For a fee, depending on what kind of listing you choose. Great marketing if you live by a military base.

2) /Free

3) /At the time of this post, 0 insertion fee for a 30-day ad or auction listing

4) /Free

5) /Free for a basic listing, and several options to choose from for selling your home yourself (with or without an agent) for a fee. Listing will be featured on

6) /Several options to choose from for selling your home yourself for a fee

7) /Free. Make a youtube virtual tour video of the home (inside and out) Email the link to friends and family and ask them to keep your home in mind if they hear of anyone looking to buy. Have your agent email the link to all agents in the office and put the link in any print marketing.

8) Last but not least, if you live in a neighborhood with a home owner's community web page, upload the listing.

*The sites mentioned are suggestions, not a guarantee that it will get additional buyers through the door or sell the home.

Our blog provides tips and techniques through "How To Articles", printable lists and photo galleries to how to show a home in order to attract the most amounts of buyers to help in getting an offer faster.Visit our blog How To Sell a Home Faster

Our blog provides tips and techniques through "How To Articles", printable lists and photo galleries on how to show a home in order to attract the most amounts of buyers to help in getting a faster offer.

Sunday, December 9, 2012

Factors to Consider When Finding the Right Debt Management Company

A reputable debt management company has the role of helping you with repayments that have turned to be big to pay by yourself. Excess debts result commonly from unexpected expenses like divorces, health emergencies or natural disasters. These companies are staffed with professional finance officers and experienced credit counselors, who are capable of helping clients be in line with their money management goals and create enough room for future money strength. You can easily find a reputable company by just paying attention to the following

You need to avoid corporations using high-pressure sales tactics. A new customer will not be requested to begin the debt consolidation procedure immediately by a legitimate company so as to generate commission. You should never pay for initial advice. You should look at a firm's ability to answer questions bluntly, have good communication links with each client, and have clean records.

A firm with negative litigation should not be considered. Also, ensure that the firm has been licensed to give financial advice. You should fish for previous client feedback on the firm. This will end up giving you good information on the reliability of the firm.

Considering that there are a number of causes for ones financial problems, one should look at what the company specializes in, in terms of the forms of financial planning they handle. Though, most debt circumstances are due to difficult economic times and not an individual's fault, one should still consider the area of expertise of the firm. You should go for companies that have more experience and offer the best quality to each client in creating custom financial plans.

There are companies that offer unvarying financial plans to all their clients. Such companies should be avoided. These companies tend not to solve ones financial problems and end up bringing negative results to the client's finances. A company that offers to teach its customers improved general money managing techniques is referred to as a good credit-counseling firm.

You should look for a firm that is known for its lessons given to its clients on ways to improve individual financial forecasting and setting realistic financial goals. The company that you look for should also have an array of services that you require in your current financial crisis. These services may include housing counseling, credit advice, bankruptcy counseling and many other services.

To find a good firm you need to check on their charges. You should avoid companies that are expensive in terms of the amount you are paying them for their services. This ensures that you do not have more debts or make your financial status worse. Go for a company that is within your financial reach

Furthermore, there are companies that offer their services either free of charge while some charge for their services. Mostly, the free debt management companies are mostly sponsored by charities or the government. Always keep in mind that most of these free firms are super busy and it becomes really hard to get an appointment with them. If you take these tools into practice you will end up choosing a good company.

Having money problems? We can help you resolve your debt problems with free advice on Gestion de la dette and Consolidation dettes.

Having money problems? We can help you resolve your debt problems with free advice on debt consolidation and debt conciliation.

Wednesday, December 5, 2012

000-533 Ibm Security Siteprotector Systems V2.0 Sp8.1 Exam

In contrast to other IBM Certified Advanced Solutions Expert IBM certification exams, the IBM Security SiteProtector Systems V2.0 SP8.1 Exam is specially designed to gauge a candidate's knowledge when it comes to completing technical tasks such as 000-533 configuration and 000-533 maintenance of the active directory environment. The Windows Server 2008 Active, Director Exam will enable you to earn the amount of credit required towards becoming an MCTS IBM 000-533 Certified Technology Specialist.

The course which is also commonly IBM Certified Advanced Solutions Expert referred to as IBM 000-533 IBM Security SiteProtector Systems V2.0 SP8.1 Exam Exam can also enable you to earn enough credits to sit for MCITP IBM 000-533 Certified IT Professional (Enterprise Administrator). Excelling in the course enables you to be ready for numerous job positions, for example, technical support specialist, system administrator or IBM Lotus Sametime Technical Sales Mastery Test v1 Exam network administrator. This type of course IBM Certified Advanced Solutions Expert is suitable for IT students or 000-533 professionals in other IBM Certified Advanced Solutions Expert fields who would like to get a job in a complex ICT environment. These types of IT setups are usually found in medium to large businesses .

Course prerequisites

Unlike other 000-M64 exams administered by IBM Lotus Sametime Technical Sales Mastery Test v1 Exam, there are no particular conditions for enrolling for the IBM 000-533 IBM Security SiteProtector Systems V2.0 SP8.1 Exam Exam. Nevertheless, it is highly recommended that you gain at least one year of experience working in an ICT environment. In addition, persons 000-M64 registering for IBM 000-533 Certified Technology Specialist (MCTS) 000-533 certification course ought to have at least 12 months of IBM Lotus Sametime Technical Sales Mastery Test v1 Exam experience not only in implementing, but managing a network OS in an office environment 000-533 which comprises of, but not limited to 250 users, three geographical locations and three domain controllers.

IBM 000-533 Exam IBM Lotus Sametime Technical Sales Mastery Test v1 Exam Expectations

The IBM Security SiteProtector Systems V2.0 SP8.1 Exam is made up of multiple choice questions, build list and reorder, hot area as well as build a tree question. While sitting for the 000-533 exam, you may realize that some of the IBM Security SiteProtector Systems V2.0 SP8.1 Exam questions 000-M64 are adaptive. In addition, you may notice that there are couple of simulation questions tested. In comparison to IBM Lotus Sametime Technical Sales Mastery Test v1 Exam certification exams, you will not come across a case study like queries. In order to excel in the 000-533 exam, you need to score a minimum of 700 points out of a IBM Certified Advanced Solutions Expert possible 1000 points. To score at least 700 points, you need to attempt roughly 55 questions in not more than 120 minutes.
Getting Ready for the IBM 000-533 Exam

Prior to sitting for any 000-533 examination, you need to prepare in advance to guarantee success. The preparation 000-M64 process entails an understanding of the basics, and proper comprehension of the implementation process. Most IBM Certified Advanced Solutions Expert candidates registering for the 000-M64 IBM Lotus Sametime Technical Sales Mastery Test v1 Exam exam often find it challenging trying to collect the proper resources needed to excel in the exam as there are hundreds of study 000-M64 IBM Certified Advanced Solutions Expert materials accessible in the market. When searching for a study guide to assist you with IBM Certified Advanced Solutions Expert preparing for the IBM Lotus Sametime Technical Sales Mastery Test v1 Exam 000-533 Exam, look for a suitable study material which offers candidates with proper awareness of the hypotheses outlined in the exam. In addition, the study material ought to make it easy to understand the information.

Topics Covered

The following are the IBM Certified Advanced Solutions Expert different types of topics that are covered in the IBM Security SiteProtector Systems V2.0 SP8.1 Exam: Configuring forest and domains IBM Certified Advanced Solutions Expert, Configure backup and recovery and 000-M64 Configuring Additional Active Directory Server Roles.

Monday, December 3, 2012

Car Finance - The Easy and Essential Recommendations

Lots of people still long to fulfill the American dream of buying vehicles despite of depressing economic predictions. In case you are part of this people, it is about time to review what you know concerning auto finance because this is your quick ticket to getting your own vehicle.

What's auto finance?

Auto finance or car finance is actually a mortgage given to buyers who would like to buy brand-new or used cars, but do not possess the entire sum to purchase the vehicle. Requirements included when getting this certain loan consists of locating the correct corporation, supplying identification papers and filling out the loan form.

As with any loan type out there, auto finance sets an interest rate for the consumer. The rate differs based on the borrower's existing credit score and credit history. Those with higher credit ratings generally get the lowest rates. Consumers with sketchy credit qualifications might need to endure increased interest rates because loan companies will see them as potential liabilities.

What's its importance to the buying public?

Car finance is important because this empowers customers. Investing in vehicle purchase outright is nearly impossible due to the fact even the simplest automobile model can cost a lot of money. Without auto financing, few individuals might manage to have cars and as a result very few suppliers are going to be willing to make them. Such a situation might then have an effect on the economic system as people employed in vehicle factories would lose jobs; those involved in car importation would also suffer.

With car finance accessible, car shopping becomes simpler since this includes paying down payment outright and monthly payments afterward. For instance, a buyer who would like the ,000 vehicle will only need to pay a particular percentage of the entire amount as down payment and pay the rest off in monthly payments for one year or more.

What should buyers bear in mind when getting auto finance?

Car buyers would need to look at three things: (1) present credit score (2) current revenue and (3) the auto finance firm he or she will sign up with. Credit score is often a main concern in getting auto finance; it almost always predetermines how much a customer would pay outright, monthly payments, and car loan period.

Present income is also essential because lower salary rates generally make auto finance firms very wary about a person's monetary capacity. In several cases, an auto finance firm might lengthen repayment terms if they feel a buyer can not manage short-term loans even at cost-effective charges. For example, a person who makes 00 monthly might have to face paying auto finance for three years instead of one or two based on the vehicle model loaned and the company approving the borrowed funds. Auto finance firms are also potential deal breakers because uncovering the best corporation implies getting the best offers. This is the portion that mostly takes up a person's time because car loan corporations abound on the market.

Plan your techniques cautiously when applying for auto finance as getting a mortgage will significantly affect your spending budget. Give it a couple of months so you are able to determine the vehicle and car finance firm that could match your economic resources.

Saturday, December 1, 2012

Tongue Tied And Twisted: Common Communication Mistakes Leaders Make

Good leaders are great communicators who build trust consistently over time. A leader with poor leadership communication will find leading far more challenging than a great communicator. Respect and confidence on the part of staff, executive teams, members or a board will be much harder to earn.

But even good leaders can blow it with one stupid comment, a slip of the tongue or a poor performance in a media interview.

The following common communication mistakes damage leaders trust accounts quicker than you can say pickle relish. Reflect on when you may have been guilty of these communication sins:

1. Meaning what you say this is probably the worst communication error that you can make as a leader. Authenticity is a key to long term leadership success and if you go all polyester with people they will read through it in a flash. Reading a script that you, or someone else prepared, without thinking about what you are saying is a sure fire blooper. Reading in the script that you have been reflecting on a certain topic or issue without pausing to reflect while describing the scenario, or share a personal anecdote about what it brought up for you, could kill your credibility. Staying in the moment - being truly present - and thinking about what you are saying is critical to maintaining credibility and the attention of your audience. People can tell when you are reading and they can certainly tell when a presentation is mindless and not heartfelt.

2. Underestimating your audience never assume you know more than your audience or understand their individual situation. Making sweeping statements such as I know exactly how you feel, or "what you need to understand is...," or "it was outside our control," can alienate people and make them feel as though you are talking down to them. Most audiences will hear this as you not listening, or not really understanding their situation. The same response often follows statements like This is just what you need. Even if the statement is true it probably won't works in today's society of sceptics. You can let yourself down in an instant if you fail to take your audience seriously.

3. Using waffle words using empty nothingness words that lack specificity whether it be the details, direction or meaning, can be a sure path to disaster. This common mistake can make you appear to either not know your content, be all hot air and no substance or worse to appear like many people say politicians do, dodging the real issues using smoke and mirrors and saying a whole lot of nothing. When leaders fail to communicate with specificity, and use waffle words, people can feel left in the dark or like they are being set up to fail. This can cause uncertainty, distrust and resentment. Communicating clearly, in plain, unambiguous language with specificity will build trust and provide people all the information they need to be successful.

4. Wooden delivery - body language communicates vast amounts of meaning, more than the actual words you are speaking. As a leader you must be conscious at all times of the signals you are broadcasting. There is nothing more damaging than you sending out body signals that are at odds with the message you wish to communicate or that convey nothing at all. Since people will make our decisions primarily on what they see rather than what they hear it is critical that you understand the meanings of your postures, gestures and facial expressions. Taking the time to master leadership communication skills such as direct eye contact will go a long way to establishing credibility, connection and building rapport.

5. Lack of connection on an emotional level - thinking that professional means impersonal is a mistake leaders often make. People form opinions and make decisions based on their emotions first before they rationalise them intellectually, an inability to relate can potentially damage your reputation and business. Being real about how you feel personally about something however will allow people to connect with you on a deeper level. Communication played a key role in the success of the President Barack Obama. Described as the 'Communicator in Chief', he connected with and inspired millions of Americans during his Presidential campaign. His performance as an orator and use of body language and conversational natural communication style enabled him to connect deeply with people.

6. Care factor zero another big trust buster leader's use is inadvertently demonstrating a care factor of zero. A recent bank campaign ran the insensitive theme We live in your world, during a time when many people were struggling with growing home mortgages, small business loans and credit cards. Similarly in a communiqu to frequent flyer members of an Aussie airline, announcing the reintroduction of flights after they had been grounded following an engine explosion, the CEO used primarily self focused language all about I and us (the company) and nothing about you the reader. Review many corporate websites with two coloured highlighter pens, one colour for language about the company, one for language about the reader, and see where the emphasis and focus wrongly lies.

When you look back on your conversations and communication style what kind of impression have you been leaving? If you are not thoughtful about your conversations and communication you could be getting yourself tongue tied and twisted and end up wreaking havoc on your leadership reputation.

Tuesday, November 27, 2012

Adverse Credit Home Loan Tips

If you have only been able to rent property in the last few years due to poor credit, you may feel the time is right to buy a property using an adverse credit home loan. However, buying a home can be a daunting prospect, especially if you have had credit problems in the past. This should not deter you though, because even with poor credit you can still find the house that you want. All you need to do is find and secure the right adverse credit home loan.

Before looking for a property you should find out more about securing an adverse credit home loan. It pays to know about how much you can borrow before house hunting, because otherwise you will face disappointment when you find the house of your dreams but you are unable to afford it. However, if you follow a few simple steps then finding an adverse credit home loan can be much less troublesome than you might think.

Finding a lender

The very first step on the path to finding an adverse credit home loan is to find yourself a lender who is willing to offer you a loan. This may seem like a near impossible task to you, but in fact there are a fair number of lenders who might be able to help you. Property is an attractive item for lenders because if they need to take possession then it will be relatively easy to sell. Take the time to look around to find a lender you are happy with.

One of the best ways of finding a lender is by using the Internet. This saves you the time of travelling to lenders who cannot help you, and also allows you to search specifically for those lenders who specialise in offering adverse credit home loans. As well as searching online you should visit mortgage lenders and banks in your area. The more research you do, then the more likely you are to find the first adverse credit home loan for your needs.

Getting pre-approval

Once you have found the lender you think is right for you, then you need to get pre-approval if possible, Pre-approval means that the lender carries out a number of the credit checks necessary to approve you for a loan, so that they can offer you a guaranteed amount that they will lend you. This allows you to begin looking for a property with a budget in mind, as well as showing sellers that you have the correct finance in place to purchase the property. If a specific lender will not give you pre-approval, then try and find one that does.

Buying a house

Now that you have your pre-approved adverse credit home loan, it is time to find yourself a property. You can look for properties being sold by individuals, or consult a realtor who can help you find a property.

Whichever method you choose, it is important to remember that there is more to buying a house than the initial cost. Although your adverse credit home loan will cover the costs of the property itself, you might need to find the money for items such as closing costs and down payments. It is worthwhile consulting a professional who will be able to help you with the property transaction and keep you aware of any extra costs involved.

Saturday, November 17, 2012

How To Get Public New York Divorce Records For Free

Acquiring New York Divorce Records is a bit hard to do. Finding is easy, obtaining is another story. With the right online resource, you will find Birth, Death, Marriage and even Divorce Records without any difficulty. In the New York State Vital Records source sites you can find all these. A specific department in the New York State holds the records for marriage licenses issued in New York outside of New York City, no problem. Kept safe in archives are divorce records for all New York since the year 1963.

The Vital Records Section in New York City only issues certified copies of the documents which are related to Birth, Death, Marriage and Divorce to qualified applicants. The agency can also issue uncertified copies which are made available for genealogy researchers and other valid reasons. Qualified applicants requesting for copies can also get copies of marriage licenses obtained in New York State but outside of New York City from 1880 till present. Copies of dissolution of marriage certificates are also kept and recorded for all of New York State from 1963 till present.

There are a few ways to obtain these vital records. The Walk-In method is a classic and common method. You can also order certified copies by old-fashioned Mail, from the World Wide Web sources, and telephone call. Divorce Records are available from the Local Registrar of the municipality where the dissolution of marriage or divorce happened. These important documents or records are also accessible through request from the corresponding Town or City Clerk where the divorce took place.

Did you stop to consider what types of divorce records are available out there? For starters, there are two types of divorce records available. The first type is called the divorce decree. Second is the divorce certificate. The former is a document prepared by the court, which sets forth the terms and conditions of the divorce. It is signed by the judge and issued by the designated County Clerk where the matter was finalized. If you need a copy of the divorce decree you may contact the proper County Clerk for more details. The latter, the divorce certificates, are filed in the State of New York's Department of Health for divorces that occurred before January 1, 1963.

Who are eligible to obtain a divorce certificate copy? Of course the husband and wife, then other people who are authorized with a New York State Court Order. It costs 30.00 USD per divorce certificate copy. If you need insurance or Priority handling you may add an additional 15 USD. For those who may want to acquire a copy through the Internet or telephone, it would require a major credit card.

People will need the proper authorization before they can obtain such vital records in New York. Divorce Records for the New York State are also available online but a special permission must be secured. Fortunately, acquiring important documents through online service providers will have less hassles and faster results. It is a matter of choosing the right service provider that can deliver the goods. Just provide the requirements and you will encounter less worries and delays.

Thursday, November 15, 2012

Credit Card And Taxes, Do They Make Sense?

With April 15 quickly approaching, some Americans are looking forward to a little extra spending or saving money thanks to their tax refunds. People who own their own businesses and freelancers are among those who might not get a refund at all. In fact, you might be counting on to paying the IRS. Recent changes in taxes mean that how much you owe is up in the air if you haven't yet visited your tax man. It's tempting to pay those taxes with your credit card, especially if you're financially strapped. However, is it worth it?

Experts recommend against paying for anything by credit if you can't pay off your monthly bill completely. Of course, this is good advice in an ideal world, but you don't live in an ideal world. In the real world, you might not have enough or any money to pay your taxes with, which is exactly why you're eying up that plastic card peeking out of your wallet. Still, it might be smarter to use the IRS' payment installment plan rather than put those taxes on your credit card.

Saving up a percentage of your earnings is the smartest way to pay off your taxes according to the IRS, and this helps you avoid any fees associated. Fees start at for qualifying candidates, but they go up to 5. This might not seem much, but it can add up if it's in addition to your existing taxes. Still, it's much lower than your credit card interest might be. For example, you'll quick bypass either of those fees if you've got a 4% interest rate on your card and owe ,000. The more you earned last year, the more you'll want to seek out help from the IRS first.

You must apply online to use the IRS installment plan, and there are different forms depending upon how much you owe. The 9465 Installment Plan Agreement Request is required for every applicant, and you'll need to throw in Form 433-F if you owe more than ,000 in taxes. If your tax debt is more than your credit card limit, the IRS option becomes even more appealing. No one wants to spread out their tax debt on multiple credit cards.

It might be worth looking into the hardship program that the IRS provides for taxpayers if you've experienced illness or other extenuating circumstances in the last year that prevent you from paying off your tax debt in full before you charge it. With so many programs available from the government, it makes little sense to whip out your credit card without giving it a second thought.

Of course, if you can afford to pay off your taxes with your next credit card bill, you might earn yourself a fair amount of rewards or frequent flier miles for your next family vacation. This is the one perk of using credit rather than debit, but if you fail to make your payments, you're hurting your credit, too.

Saturday, November 3, 2012

Help Your Children Understand The Importance Of Money

Today's schools have many things to teach students on various subjects like History, Geography, English, Science, Mathematics and the list goes on. But there is no such school that teaches students on money management concepts like how to save money, how to spend money, how to manage money, etc. So, it is the responsibility of the parents to teach their children on how to manage their money properly.

Children are generally unaware of the importance of money and take things for granted. As a parent, you should teach your children the basic concepts or principles of personal finance. Talk to them about your childhood days and tell them how you used to save money and how difficult it would be to control expenses.

Help your children open their savings account in their name and teach them how to create a budget and how to follow it. Take your children's help in tracking your expenses related to utility bills, grocery bills and miscellaneous expenses and ask them to fill up the budgeting sheet. If your child starts doing this, then he will be able to understand the importance of money and financial situation of your household. Perhaps, your child will help you in cutting unnecessary expenses.

Functionality over fancy lifestyle
Children, especially teens, purchase expensive things to impress their friends and others. They don't want to buy things at a low price; they are not bothered about the functionality of the products that are available at affordable prices. They just want to make a purchase to get into fancy lifestyle and show-off their material possessions.

If your child is making such expensive purchases with his monthly allowance (pocket money), you need to carefully handle this situation and talk to your child in such a way that he does not get rebellious. Never give your debit/credit cards to your children, they are still not ready to take the responsibility of making transactions/payments and at times they may spend on unnecessary things, without your consent. Children should have a debit/credit card only after they start earning.

Teach financial responsibility
Ask children to do some household chores like washing their own clothes, getting groceries or vegetables to home, paying some small utility bills, etc. Give allowance as a payment for a task. Children often like to take challenges and tasks for rewards.

Allowance is a good tool for teaching children about money management. It helps your child to learn how to manage money effectively. Remember, your child's allowance should be of small amount, so that he buys something small that is needed or save the amount for something big later on. It should not be a big amount to make expensive purchases. Further, ask your child to get into part-time jobs during vacations as it helps him understand the value of hard earned money.

Manage their expectations
Don't spend money carelessly in front of your children. Also, while shopping with your children don't make it a habit of buying things for them frequently. It shows your reckless spending. Your child may easily get carried away by your shopping attitude. You need to teach your children about the importance of personal finance and tell them to live frugal and make sacrifices.

Therefore, as a parent you may have understood the importance of money management and now you need to inculcate the same in your children and give them tips to save money. See to it that your tips are helping your child save money for a period of time.

Monday, October 29, 2012

How to Drop Resolutions while Setting Long Term Financial Goals

3. Put each action step into your calendar, ideally with a time, as an appointment with yourself that you will not break. Perhaps you put into your calendar that you'll buy your "expenditures notebook" tomorrow on your lunch break and immediately begin recording everything you spend.

4. Accomplish each action as you've promised yourself.

5. Make adjustments in your planning and scheduling as needed to reach each milestone, and your goal.

This is the only way to make personal finance goals happen:


Repeat, over and over, until you reach each goal. Everything in this formula MUST be included in this process. And remember to make each action step small and discrete, so you can achieve it easily without becoming overwhelmed.

Forget resolutions and stick with goals, which you can easily make and take action on any time, not just at the beginning of each new year.

Saturday, October 20, 2012

How Career Options With Public Sector Openings Through Dena Bank And FCI Recruitment 2013 Are A Plus

Government jobs have always received apposite respect and social appreciation since the pre-independence time. They are the safest jobs and they are considered as very reputed and honorary as well. Everyone wants to get into public sector work profile for every academic levels and experience criteria. Even at present times the things are not at all different as it was in earlier years. Many of the youngsters even today prefer to have a government job or a public sector job to start with. The sense of job security that you get in these jobs is better than any other. The nationalization has helped both public and private sectors sail in together. One does not affect the other in any way now like the olden times. The benefits and remunerations offered by the public sector and nationalized banks are anytime better than the private sectors but the job security and after retirement benefits are one of the major aspects to be considered as well.

Nationalized banks provide a decent amount of salary and perks. The policies that they follow are strict and properly defined. The same imprints in their recruitment processes, as well. Due to the positive factors of having a banking sector job, Central Bank of India recruitment 2013 saw a good number of people applying for the entrances. The employees were chosen on the basis of their work experience and skills. There are various areas for employees to opt for in the public sectors. The banking and finance sector keeps going up with the needs and requirements of the market.

The inflation and recession have had their respective effects on every sector and so is banking and finance included in them. More and more people are taking interest into commerce and hence recruitment policies are being modified all over. Modernization and privatization of the public sector has got a different work culture and job satisfaction level for the employees. They are served with various services to take care of themselves and their families as well. A good and high quality management is being bestowed everywhere to get a good revenue out. Nationalization of private sectors and privatization of public sectors have had their own effects. This change in perspective has reflected a lot in the Dena bank recruitment 2013 along with other banks.

The Food Corporation of India is another such public sector organization which has been considered as one of the best employers. The FCI recruitment 2013 has found such an overwhelming response with its announcement and has again ratified the importance of public sector jobs over private sector. There are numerous advantages associated with a government sector job with perks, remunerations, leave, leave encashment, gratuity, PF and after retirement benefits. The work culture of the nationalized banks is professional and sophisticated. In recent years there has been quite an emphasis on the foreign investment plans in public sectors. This changing scenario is offering adequate emphasis on a public sector openings and jobs in public sector enterprises as well as public sector banks are having a huge advantage for a job seeker in recent years.

Thursday, October 18, 2012

Residential Plots In Bhopal Blessed With The Nature

Have you been dreaming of palatial home surrounded by lush green lawns sprawling across with the perfect living ambiance? Well you can turn the dream in reality now. Come to Swarnabhoomi open developed residential plots in Bhopal (MP) blessed with the nature's natural lawns & foliage. Your dream comes true with peace & tranquil living.

A new venture "Swarnabhoomi" has developed residential plots in Bhopal which is far from the city's chaos and noise yet so close to the most basic amenities, a family needs. The Quality of life within this prestigious gated community is characterized by outstanding levels of comfort, convenience and security. Swarnabhoomi is located at the quiet Northwestern edge of the city and it will undoubtedly be among the city's most desirable address in the days to come.......

Our goal is to be the pioneers in presenting the best investments and remunerative opportunities to our valued clients and partners. We aim at providing the best services by hiring the most qualified and trained staff using the best technologies and techniques in an effort to protect the customers' rights and provide them with the best revenues. Bhoomi infra Group to insure the transparency and credibility of its transactions. Bhoomi infra Group is proud of its customers trust and takes pride in being their permanent partner

Bhoomi unfailingly promises and deliver
Covered and secured campus and royal entrance gate
Internal roads
Plantation and lush green landscaping
play grounds,
Kids play Zone,
Joggers Park
Community center,
Basket ball,
Club house,
Badminton court.
Hi tech gymnasium,
WI-Fi facilitated area
Open theater
Street lights,
Underground cabled electrification,
Space for Religious structure
Water and sewage infrastructure
Common electricity

Sunday, October 14, 2012

What Is Chexsystems? Are There Any Banks That Don't Use Chexsystems?

Chexsystems is a reporting agency that is very similar to the credit bureaus. Banks will report you to chexsystems if you have had a checking account closed with unpaid fees, providing false information, or fraud.

Sounds like every person listed in chexsystems is a real dirt ball right? No! Even beyond the realities of real world financial hardship, there are just as many instances if not more of legitimate debit card fraud and the bank did not conduct a proper investigation, thus finding the account holder incorrectly responsible for the fraudulent charges.

How can that be true when I see cards offering fraud liability, all the time? We are unable to answer this question, but must mention there are multiple reports of consumers with what we believed was overwhelming evidence of a fraudulent charge, yet the bank and their fraud department found the consumer ultimately responsible.

What Does It Mean For Me To Be In Chexsystems?

First and most importantly if you get listed with chexsystems you are not going to be able to open a new checking account with ANY bank! Instead you will be destined to buying money orders and having to pay check-cashing fees. There are estimates that an individual living with chexsystems, spends over 7.71 every year on fees.

In the past if you were in chexsystems, it was possible to open a checking account at a smaller local bank, however today the local banks no longer exists. Many local banks were forced to merge with larger banks as a result of the mortgage collapse and subsequent economic crisis we have seen in recent years.

How Long Will I Be In Chexsystems?

Your information will be listed in chexsystems for 5 years. You can dispute your chexsystems listing, however unlike with your credit report, it is almost impossible to win a dispute and get removed from chexsystems. The rare occasions that we have witnessed are when individuals have been a victim of identity theft with the documentation and evidence to prove it.

Are There Any Banks Without Chexsystems?

While there are no longer any banks that we are aware of, that don't check chexsystems today. However if there are some smaller local banks in your general area is worth trying to open an account.

It may be in your interest to go ahead and be upfront with the bank and ask if they use chexsystems. Sometimes you may be initially given a checking account but only to be contacted by the bank and go through the embarrassing experience of hearing they will be unable to proceed and provide you with an account.

What About Bad Credit Checking Accounts?

You can be approved for a prepaid debit card, this can be used just like a checking account for bad credit. It is exactly like a bank ATM or check card. You can use it online and over the phone, just like any major Visa or MasterCard.

The best prepaid debit card offers we have seen will give you direct deposit without any fees, which can save you a bundle of money on check-cashing fees. You can also pay your bills by using online bill pay, another service that is given to you without any fees from the best debt cards. This service is just like a checking account online bill pay program, all you need to do is fill in the name of the business you want to pay, the amount, and the date you want the payment sent.

It is essential for you to do your homework before you apply for any debit card because many of these prepaid debit card offers have very different fees, and benefits. We have seen some prepaid cards that will provide you with direct deposit, online bill pay, and if you deposit a relatively low amount of money every month you will not have to pay any monthly fees.

The only other option is to ask a friend or relative to literally cosign for a checking account for you. This means your cosigner will be potentially responsible for any overdraft fees or charges that you may incur due to your account use. There are too many reasons to list but we strongly recommend you not choose this route, many friendships and relationships have been ruined over money.

Friday, October 12, 2012

You Already Know How to Use Email Safely

Is your email communication really safe? As our online capabilities change rapidly, it can be difficult to know what online behavior is acceptable and what can threaten our cyber security.

Fortunately, secure email solutions are not that difficult to come by. Email safety is not so different from any other sort of safety, so being safe on the internet is simply a matter of applying principles you already know to an online environment.

Take computer viruses, for instance. You know that there are a lot of them and that they can cripple your computer. The internet is the easiest access way between those viruses and your computer, so how do you protect yourself?

How do you protect yourself from actual viruses? You keep yourself healthy (with anti-virus software) and watch what you put into your body. If you do not know where an email comes from, you should no more open that email than eat an unidentified object off of the floor. If you only accept emails from sites or people that you know, viruses will have a difficult time getting in through your email.

Another major concern with email security is your password being hacked. Many people use their username as their password. This and other simple passwords are an incredibly bad idea. Many people do banking and manage their credit cards online. If someone hacks the password of your email, they can not only access your communications, they can also request your bank and credit card log in information.

To put it another way, would you feel secure if anyone who knew your birthday could walk into your bank and access your accounts? Because using your birthday as your password allows hackers to do the online version of that. Make your password longer. Include at least one number and one capital letter. Make sure that your password will not be something that even you can guess.

Finding secure email solutions is not difficult. It requires only that you think about what your email could allow others to access and take the same kind of precautions you would take in the physical word. If you do that, your chances of running into problems with email security will be greatly reduced.

Wednesday, October 3, 2012

Finance and Lease Warehouse Machinery and Equipment, New and Used, Leasing and Financing Programs Update, Part1

Finance and lease warehouse programs are still accessible for new and used machinery and equipment, however leasing and financing volume for the first part of 2010, was chiefly flat for most United States Industries.

Even though we are going through hard credit times, warehouse machine and equipment financing and leasing is still open for the good credit applicant and as well for the not so good applicant. We are going to discuss the accessible finance and lease programs in general to give you an plan that funds is still accessible for start up and seasoned businesses.

First we are going to begin with the applicant with great credit. That would be an candidate with 680 or higher credit and time in business that exceeds three years. The applicant should not have any previous bankruptcies and should have low debt ratios. This applicant can qualify up to ,000 to ,000 application only programs. In addition, this gives the good credit candidate a good chance to get a great lending rate. If the candidate desires more than ,000 to ,000, they will have to provide more records to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the acquisition would be necessary. as well

Buyers with personal credit scores between 650 and higher still have a good opportunity to get their desired acquisition. They should have a minimum of three years in business without previous bankruptcies. Low debt to income ratios are also looked at favorable. Furthermore, some institutions still might offer application only programs and anything beyond the minimum application only levels would want the same documentation as above.

With the second tier credit described above, the rates will be a little higher than A Credit with enormous work and warehouse equipment and trucks financing and leasing opportunities on hand.

Applicants with Credit scores between 600-650, there are many warehouse equipment financial programs available without flawless credit. Even though there may be some dings on the applicant's credit, there are still financing and leasing deals out in the banking market. There won't be application only programs but ample ofinstitutionswill look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus Usually, full documentation information is necessary. The front money in these leasing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other institutions that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These banks rates are higher than the programs described above but gives the candidate alternatives that might nor be on hand somewhere else..

There are other financial institutions that are not credit driven at all but look at the free and clear assets that are open to the lender. Most banks like machinery, bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the financial institution will qualify. These financial institutions have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required).These finance and lease programs can finance up to ,000,000 or more based upon authorized assets.

In this recession, many banks have had to focus on their repossessed warhouse equipment and warehouse inventories instead of usual business due to cash flow demands, out of balance credit lines with their own financial institutions, and challenging with other lenders for the small supply of buyers in the market place.

In the past better times, there were many application only programs up to 0,000 and 0,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs obtainable, or the available programs require more information and their rate factors are higher than before. Due to problems in the industry, many institutions have gone back to more conventional lending needs.. .

These lending changes have a remarkable impact on regular business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a dissimilar business opportunity to acquire a repossession with a credit score as low as 550. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional lending

Since new business capital is tough to obtain, it is recommended that the start up and seasoned business examine the repo markets. This could be a gratifying in the combination of both price and financing.Bear in mind, there are finance and lease programs that go into the millions for larger applicants, obvious they will require full documentation packages.

If conventional isn't accessible to you for whatever reason, please check out the repossession market and see what deals you may be eligible for.

Happy hunting for your work and warehouse equipment and machinery acquisition and its related leasing.


Tuesday, October 2, 2012

Getting Home Loans Online With Bad Credit: Key Factors To Consider

When it comes to applying for a home loan online with bad credit, no-one can be guaranteed approval. But nor can it be guaranteed that the application will fail. Like every loan, as long as the criteria are met and the application promotes confidence in the lender, there is every chance of it being approved.

There are, of course, some differences when seeking mortgage approval online. The Internet allows for faster approval, while the specific terms of an online mortgage is often better too. Low credit scores are not ignored, but because online lenders specialize in bad credit lending, they are no such a problem.

In fact, by paying attention to three key factors, the chances of enjoying a positive result to a home loan application increases dramatically. These factors include employment terms, the size of the down payment and how the poor credit score has been handled - preferably improved.

1. Long-Term Employment

A common untruth is that having a large income guarantees approval from mortgage providers. The fact is that other factors have greater significance. For example, a reliable long-term job is preferred since repayments have to continue for 25 or 30 years. It is no different when seeking a home loan online with bad credit.

A short-term contract cannot provide long-term financial security, so it is generally not enough to ensure a green light. When seeking mortgage approval online there is just as much a need to show long-term job security.

Another problem with a large income is that it does not mean that a good debt-to-income ratio. The ratio states that no more than 40% of income can be used for debt repayment, so if home loan repayments push that percentage above 40%, the application will be rejected.

2. Improve Credit Status

A credit score has a limited influence in the approval process, so if the score is improved, then the application is made that little bit stronger. When applying for a home loan online with bad credit, raising the score even marginally can make a real difference. Remember, over 35 years, a saving of 0 each month adds up to ,000.

Lenders like to see signs of improvement because it shows the applicant is serious about their commitment. It takes a considerable amount of patience and strategic thought to make an impact in a relatively short period of time. So, when seeking mortgage approval online, it can help.

There are two chief ways to improve a credit score. The first is by taking out a consolidation loan to buy out each of the existing loan balances, replacing the total debt with its various interest rates with one loan at one interest rate.

The second is to take out a series of small personals loans to deal with individual debts and slowly improve the score. The payoff is that the interest on the home loan is lower.

3. Provide a Down Payment

Finally, a large down payment makes a big difference when seeking a home loan online with bad credit. The larger it is, the lower the required mortgage will be. For example, a 5% down payment on a 0,000 home means a mortgage of 0,000 is needed, but a 20% down payment lowers the sum to 0,000.

Whether seeking mortgage approval online or from a traditional lender, the task is made easier when the mortgage sum is lower. There is also the advantage of holding a large equity on the home, so there is security available for future loans.

And, of course, the financial discipline required to get ,000 or ,000 together is quite extreme, which is a major bonus when applying for a home loan.

Saturday, September 29, 2012

Reinsuring the Risk - Medicaid Compliant Annuity or Promissory Note

Generally speaking, after the Deficit Reduction Act of 2005, if a community spouse uses a Medicaid Compliant Annuity, or promissory note, to eliminate the spend-down amount an institutionalized spouse is immediately eligible for Medicaid benefits. After the purchase, if the community spouse's income is less than his or her monthly maintenance needs allowance the shortfall would be shifted from his or her institutionalized spouse's income prior to determining the Medicaid co-pay. Thus, maximizing the term of the annuity to the full extent of the community spouse's Medicaid life expectancy results in an income planning opportunity. The only downside of a maximized stretch is that if the community spouse predeceases the term, leaving an opportunity for the state Medicaid agency to recover from the residual benefits.

For example, assume that Alice resides in the community, and her husband Roger is in a nursing home. The monthly private pay rate for Roger's care is ,500, while his monthly income is only ,500. With a Medicaid per diem rate of 0, Roger's facility receives approximately ,562 per month for a Medicaid resident.

With Alice being 77 years of age she knows that her Medicaid life expectancy is 11.26 years/135 months. If she eliminates their 6,000 spend-down amount by purchasing a Medicaid Compliant Annuity she would receive ,724 per month for 135 months. The total pay-out is 2,740. With Alice having a monthly maintenance needs allowance of ,841, and monthly income of ,224, Alice has a monthly income shortfall of 7. With that amount being shifted from Roger's monthly income, less his monthly personal needs allowance, his Medicaid co-pay is 8. For each month that Roger is on Medicaid benefits, his Medicaid claim amount increases by ,714. The ,714 consists of the Medicaid rate of ,562 being reduced by Roger's monthly co-pay of 8.

If Roger dies after receiving 38 months of Medicaid benefits the Medicaid claim amount is fixed at 1,132. If Alice dies 24 months later, 73 monthly payments still remain in the Medicaid Compliant Annuity - residual balance of 5,857.11.

To protect against such a result, at the commencement of the plan Alice could have purchased a term life insurance policy with a face value of 0,000. The policy would have had an annual cost of approximately ,034.60 - assuming a standard rating. With a preferred rating, the annual cost of the policy would have been much less. Nonetheless, without any question the policy would have reinsured against a risk of a Medicaid claim.

Thursday, September 20, 2012

Ways To Repair Credit After A Foreclosure

There are many reasons for people to have bad credit. A negative credit report could result from late payments, unpaid collection accounts such as utility and medical bills, tax liens and foreclosure. In this article, let us discuss how to repair your bad credit due to foreclosure. Foreclosure is a legal process by which an owner's right to a property is terminated, usually due to payments. It typically involves a forced sale of the property at a public auction, the proceeds of which will be applied to the mortgage debt.

For homeowners, foreclosure is a setback financially. However, it is not the end of the world or your credit. A foreclosure will remain on your credit report for seven years and is a bad credit' only for the initial few years. It is so because, as the foreclosure gets older, you add more positives to your credit report and thus your credit will improve.
The following are some of the alternatives that could be resorted to repair a bad credit after foreclosure:

Evaluate the cause of foreclosure
This is the first and foremost step to be adhered to repair a bad credit after a foreclosure. This includes proper understanding of the reasons that would have resulted led to defaulting payments and a study of the possibilities to prevent a foreclosure. Asking questions to yourself on what could have been done differently to correct defaulting payments, will help you to prevent it from happening again.

Spending habits
If you are a spendthrift, it high time to stop and start making plans about budgeting your income. Setting a budget will enable you in handling the financial responsibilities in a smarter way and will also help you to repair your bad credit post foreclosure

Continue paying your bills on time
Continuing to pay all your monthly bills on time will have a positive effect on your credit ratings. If practiced, a creditor who manually reviews your credit score will find that mortgage was the only item that had led to a decline in your credit scores and will consider passing your loan application. This is definitely an easy way to repair your bad credit post foreclosure.

Negotiate removal of negative items with your creditors
Though a foreclosure stays on your credit report for upto seven years, you can always negotiate with your creditors to remove other items by negotiating the payment terms. You can propose to offer a lump sum payoff in return, get the agreement done in writing (as the agency may not keep its promise) and thus remove all the negative information.

Review your credit report
Review your credit report frequently to ensure its accuracy. You can get a free credit report from Experian, Transunion and Equifax. It will help you to report the harmful errors, if any for a Fair Credit Reporting Act forces the bureaus to erase the errors if the creditor cannot confirm the information within thirty days.

Do not open new accounts
If you attempt to open a new account soon after your foreclosure, your application will be rejected and multiple inquiries will be made within a short period, which will ultimately harm all your credit repair efforts.

Keep yourself away from the financial distress, it will keep you less troubled and will help you repair your bad credit at the earliest.
Knowing time is your friend, as farther you move away from the financial distress, the less negative impact it has and you will soon repair your bad credit.

Saturday, September 15, 2012

Why Securing Mortgage Loans With Bad Credit Can Mean Lower Interest

It is an accepted fact that the credit score an applicant has has a direct influence on the rate of interest traditional lenders charge. But with online lending, where credit scores are simply not included in the equation, this fact does not necessarily apply. Securing mortgage loans with bad credit no longer guarantees a high interest rate, but can instead come at lower rates.

There are plausible reasons why a combination of bad credit and low interest rates are possible, not least the fact that, in recent years, many honest people have been caught out by the economic downturn. It may still be impossible to get guaranteed approval, but lenders are more willing to trust the applicants who have a reliable source of income over their credit scores.

And since online lenders tend to specialize on loan packages designed for people with low credit scores, even their mortgage loans can be considered affordable by almost everyone.

Online Mortgage Lenders

For online lenders, competing with the long-established traditional lending institutions is a major challenge. But by publicizing the fact that credit scores bear no influence over the approval process, they have become more attractive to consumers. And with the rate of interest also kept low, getting a mortgage loan with bad credit scores does not mean a lifetime struggle to pay them.

The fact is that even offering guaranteed approval is not always enough to win the day for banks. If an online lender can charge a rate just 0.5% below a normal bank, the savings over the lifetime of the mortgage could be huge. Savings of just 0 per month on a 30-year mortgage could mean the borrower pays ,000 less - a significant sum.

We know that mortgage loans are probably the biggest single type of personal debt that most people will ever take on. So, the attraction that savings, especially of such size, has to the consumer is not difficult to understand. Nor is the fact that online lenders are known to offer the best deals.

Markers Worth Considering

However, the generosity of online lenders is not endless. When seeking mortgage loans with bad credit, there are some conditions that need to be taken into account.

Often a down payment is necessary. While getting a guaranteed approval might seem like a gift from heaven, knowing what is a good deal rests on knowing how much the down payment should be. Knowing what a credit score is gives a very accurate indication.

For example, if an applicant has a score that is below 585, then a down payment of at least 10% the value of the property is expected. If it is between 585 and 599, then a down payment of around 5% is expected.

But, if the score is 600 or above, a mortgage loan worth 100% the property value could be secured, though this does depend on the lender.

What About Bankruptcy?

For some, applying for mortgage loans with bad credit scores, bankruptcy is the key concern. But even in this regard, many online lenders have an open mind with the period of time since the ruling their only consideration.

It is generally expected that after 2 years, someone who had been declared bankrupt will have improved their financial situation significantly. While guaranteed approval is out of the question, applicants are considered on their merits.

After 3 years, the chances of getting a mortgage loan is improved on again. However, it is advised not to seek any mortgage within a period of 2 years after a bankruptcy ruling.

Friday, September 14, 2012

Mobile Home Refinancing

Receiving a loan for mobile home refinancing means that you will be swapping out an existing mortgage in order to receive a new mortgage, most likely this new mortgage will have a better interest rate as well as better terms of repayment. Generally, an individual should apply for a loan intended for mobile home refinancing if their current interest rate has dipped by over two percent, than what already exists on the current mortgage.

The main purpose of the loan for mobile home refinancing is to receive a lower interest rate and save a substantial amount on the mortgage payments overall. However, there are several different things that have to be taken into consideration before you apply for mobile home refinancing. The very first question that you should ask is whether or not there is still going to be some savings after you have paid all of the charges for refinancing.

During the time that you are refinancing a loan, all of the charges that need to be paid are document preparation charges, appraisal charges, tax service charges, lender charges, and appraisal charges. Even though there are some points that may prove to be rather burdensome, because they may be one or two percent of the whole entire mortgage value One of the other points that you have to consider is whether or not there are any type of prepayment penalties on the mortgage that already exists.

There may also be some type of closing fees that may increase the actual cost of the loan, and the owner may be required to pay more than just the savings. It is very important that you understand that a loan for mobile home refinancing is a little different from the equity loans for mobile homes. Within a refinancing loan, the owner will exchange the initial mortgage with a new one, whereas within an equity loan, the owner is going to takes the new mortgage out on the equity that has built up over an extended period of time.

Basically, the refinancing loan is considered to be a new first mortgage, while the equity loan is known as a second mortgage. Each of the lenders must follow the exact same procedures in order to disburse a mobile home refinancing loan. The very first step would be to conduct a brand new appraisal on the property. The exact amount of the refinancing loan is going to be different than the amount of the original mortgage, because it is going to take the appreciation into consideration.

In the event that you are interested in learning more about the mobile home refinancing loan, there are several websites online that specialize in this particular area of expertise.

Tuesday, September 11, 2012

Same Day Payday Loans: Keep Your Life Rolling With Same Day Payday Loans

Sometimes, it may happen with you that urgently you find requirement of some money which you do not have at the same time. Problem becomes worst when you cannot wait till your next payday but you can keep your life rolling with Same Day Payday Loans. These loans provide you financial assistance but for a very short period of time means till your next payday. With Same Day Payday Loans you can get money on the same day and can do your work.

You can pay the money back on your next payday. These loans are secured by a post dated check. On your payday lender withdraws money from your account. These loans are available to everybody whether the borrower has good credit score or not. You can use this money for the needs of your day to day life like depositing electricity bill, paying rent of home, for medical bills, repairing of car or bike, to gift someone special, paying grocery bill, depositing tuition or college fees etc.
Do not be worry about application process for Same Day Payday Loans. It is completely hassle free neither you have to do a lot of paper work nor you have to fax any paper. Therefore, it takes very less time approve the loan application and it makes possible to provide these loans on the same day. These loans are lent for the duration of 2 to 4 weeks.

Borrowers can get the amount from 0 to 00 through Same Day Payday Loans. The amount of money which borrower gets also depends on the repayment capacity of the borrower. Online lenders transfer the amount into the account of the borrower on the other hand physical lenders give cash or check in hand. People who need small amount of money for short time can apply for Same Day Payday Loans.

Monday, September 10, 2012

Bank Owned/ Reo Properties - What's Taking So Long? Is My Contract Accepted?

This is the question that I hear more often than not as it relates to bank owned properties. I've personally had REO properties listed that have literally gotten 20+ offers submitted by perspective buyers. This article hopefully will explain the process of gettinng a bank owned property to the market, sold and closed.

Depending on the state you're living in the process will vary. Typically once the foreclosure process is officially started, It may take anywhere from 8 to 24 months for the bank to foreclose and take possession of the property.

At some point during the foreclosure process the bank will assign an asset management company to the property. The job of the asset management company is to basically take the property from the foreclosure process, to possession and ultimately to closing. How the asset management companies do this is actually very interesting. As a side bar, banks are NOT allowed to sell real estate. Not even there own. You read correctly. Even though the bank can legally foreclose on a home, it can't market the property itself.

Ok, I'm back. Now, instead of working with real estate brokers (directly) on the local level where the property is located, the bank contracts with asset management companies to get the property through the system and sold. The asset management companies then contracts with the local brokers to walk the property through the steps. Below are the steps. Again, some states may vary. But the over all process is still the same. Keep in mind these step have been drastically abbreviated. But you'll get the point.

1. The asset management company gets the property assignment from the bank and then assigns it to a local broker.

2. Typically when the broker gets the assignment their job is to determine the occupancy status of the property. ( is the owner or tenant in the property)

3. If the property is found to be vacant the broker reports the status of the property to the asset management company.

4. At this point the broker will attempt gain access to the property by having a locksmith change the locks on the doors. At this point the broker will generally take interior photos to document the condition of the property and complete a BPO (broker price opinion) this is basically a shorten version of an appraisal. The asset management company usually orders additional bpo's from other brokers to confirm your estimation of value.

5. Once the asset management company and the bank agree to a price the broker then completes the listing agreement with the asset management company and the property is put into the MLS (multiple listing service)

Ok, so now you have a brief idea of what goes on behind the scenes of that. Once the property is on the market other brokers and agents request to show the property to their clients. Generally if the property is priced correctly for the market and its condition, it will receive more than a few offers. So now to the question. What's taking so long? Is my contract accepted? Here are a few answers:

1. Many banks will not allow the asset management company to review or accept an offer on the property for the first 15 to 20 days that the property is listed. That's right. It's bank owned, they want to sell it as fast as possible, but they won't even entertain a offer for 15 to 20 days. Go figure! So guess what? The offers pile up during that period.

2. Now when the 15 to 20 days are up the asset manager will review the offers. At this point. More often than not. There is more than one offer on the same property. So now the asset managers call for what's known as highest and best. This means the listing broker has to call all the other agents and let them know that there are multiple offers on the property and that they need to inform their client to make their highest and best offer.

3. Once the highest and best offers are submitted to the asset manager. They will then pick the deal they feel is best for their client. This is of course is based on offering price. But just as important is the ability to close. This step can take anywhere from 1 to 30+ days depending on the bank and the actual asset manager.

The delay is usually because the offer has to go through the channels at the asset management company and then go through the channels at the bank. Then back to the bank and finally to the listing agent and then the selling agent and the buyer. I hope this sheds a little light on the process and what really goes on behind the curtain.

About the author: I'm a licensed real estate broker in the state of Illinois and have been in thre real estate business for 20 years. for more information on real estate and bank owned properties visit the listed site.

Saturday, September 8, 2012

Cash loans: Speedy cash aid for those who need funds urgently

Do you want to access quick funds to meet unexpected cash desires? Have several urgent bills to pay off? Struggling with financial instability in the middle of the month? Don't panic! In such a case, you can consider the smart and reliable financial solution of cash loans. These loans are easy to apply and gets quickly approved without taking too much of your time as they are free from any complicated formalities. Through these loans you can fetch instant cash help that allows you to satisfy your urgent cash demands within due time without facing any trouble.

These loans come under short term loans category, which is helpful for those people who need cash on a very short notice. To get approved for No Credit Check Payday Loans you need to be at least 18 years old, you need to have regular income flow along with that you must have an active valid bank account.

The smart and short term aid of cash loans extends you a small cash help in the range of 100-1500, for a short period of 2 to 4 weeks. The loan amount will be approved to you depending upon your income, needs and ability to repay. These loans carry a bit higher rate of interest, due to the short term nature of finances of the loan. Relax! It can be easily negotiated by doing a careful research of the competitive online loan market.

Online applying is easy, fast, effortless and convenient. The fierce competition between several reputed online lenders varies interest rate. A through research would avail you a lower interest deal with flexible terms and conditions.

The amount accessed through cash loans can be utilized to pay out many urgent small bills like medical bill, car repair bill, grocery bill, shopping bill and other utility bills.

The No Credit Check Payday Loans are free from time consuming formalities which make these loans instant in nature. No documentation, no faxing, no credit checking and no paperwork make the process quick and convenient. This means lenders consume very less time in approving your loan and thus the required money would be directly supplied in your account in a less time.

Tuesday, September 4, 2012

Benefits Of Hiring A Real Estate Agent As You Check Frisco Homes For Sale

There is a lot of work involved if you want to hire a good real estate agent. Someone that will listen to what you need and would know your limits as well as important considerations. No one wants a real estate agent that is only concerned about his or her comission. However, not everyone works very hard in order to know how to spot an unscrupulous real estate agent from a good real estate agent.

You have worked hard for many years in order to have the money and the necessary credit records that you need for you to buy a house. After checking various locations, you know that Frisco real estate is the best place for you. However without the help of a good real estate agent, you may find yourself overwhelmed on how to check and which house to buy as you browse through Frisco homes for sale. A good, honest and a real estate agent that has strong work ethics is what you need to give you speed on your house search and for you to get the house that you really need and want.

As you go over Frisco real estate, you will be re-affirmed that you have made the right choice to buy a house here. Frisco Texas, is one of the best places to raise a family, build careers, and have peace and quiet. However, in order to have all of those things you need to make good choices as you search for the house that you will buy. You need to understand and realize that even good locations such as Frisco Texas; things can still go wrong if you make bad decisions, starting from hiring a bad real estate agent.

If you want a house that has special conditions like, the number of bedrooms, or a big garage, or a house that is near an important establishments like a school or a hospital then having a good real estate agent can really help you with that. It can speed the search since Frisco Texas have five High Schools and thirty elementary schools. If you need a house that is near a shopping mall, a hospital, or a house that is close to the business district of Frisco then the best person that can help you and speed things up is a good real estate agent. Someone that is familiar with the place and ha various contacts in order for you to arrange a lot of things easily.

If you and your family enjoy water sports and are very much a tradition for you to spend weekends having fun in the water, then you will be glad to know that Frisco has Frisco Athletic Center. This Athletic center has 18,000 square feet for indoor water sports and almost 40,000 square feet for outdoor water sports. This Athletic center is also called Rec Center by Frisco home owners because of it's modern and upscale exercise equipments and facilities. You can enroll on exercise classes which can be very fun of staying fit. If you want a house that has the shortest and easiest route to the center then a real estate agent can really help you find that house for you, before someone actually beats you on buying that house.

If you follow a lot of different sports and is in the business of sports then Frisco Texas is also the place for you. Frisco Texas is a headquarters for different sports like hockey, soccer, baseball, basketball and NCAA. If you need a house that is near or like in the center of these different headquarters or have easy routes to these different headquarters, again a real estate agent is the best person to help you with that. You cannot afford to lose time and money finding the most suited house for you. Having a good real estate agent can help you move things faster and easier.

Saturday, September 1, 2012

Famous Subway Sandwiches

Subway franchising is really getting popular all over the world. Franchise for the subway is itself the sought after and applied for franchises in U.K. every person knows about subway. Because of its great popularity and excellent menu it has attracted many potential franchises across the globe. Nowadays everybody looks for subway franchise and wants to run it successfully. You will find finance packages offered in the market that allows you to establish in the tool, franchisee fee that goes in to the subway restaurant, the decoration, shop fitting, other elements which lets you to open the subway franchise gates cost effective.

Now if you planning for franchise for subway then you should also plan for its financing also. There are lot of people who really desire for franchise but do not have sufficient amount so as to finance the cost of franchise and the cost involved in the establishment of the restaurant.

The sandwiches available in subway have very low fat and calories. The fat and calories content are really very less. Subway India is also getting really popular and chain of subway restaurants has been opened in different locations of the country.

Subway is the world's largest submarine sandwich store. It has more than 30,000 shops spread over 85 countries. We have at least 40 years experience in serving great tasting subs. franchise for subway demands for simple operation and low investment. It is an international brand with excellent menu which is relatively almost the same all over the world. Subway restaurant takes pride in respecting and honoring the local tradition as well as food preferences. It has gained lot of popularity for presenting healthier alternative to traditional greasy and fatty food. Well subway India do not serve pork or beef products and have a variety of vegetarian choices. Popular sandwiches both international and local favorites include Paneer tikka, Roasted chick etc. subway also offers the best calories subway sandwich.

Subway the place to get healthier diet with the crispy and tasty and sandwich, this is one of the famous fast food chain that provides quality subway sandwich with high nutrition and less calories.

Friday, August 31, 2012

What Traits To Look For In A Pasadena Bankruptcy Attorney

Filing for bankruptcy is a very difficult and complicated process. The person or business filing has to be sure that filing for bankruptcy is on their or their businesses best of interest. Consequently, there is no room to make mistakes, even small ones. The slightest error can weaken the client's bankruptcy case. Below is a guide to help individuals and businesses make the best possible choice when hiring the best Pasadena bankruptcy attorney.

Look for a Pasadena Bankruptcy Attorney who Specializes

The best Pasadena bankruptcy attorney for the job is one who specializes in that area of law. They will have expertise that can be learned only through years of practicing bankruptcy law.

When a debtor is searching for a lawyer, a long list of bankruptcy litigators and law firms will emerge. It is always a good idea to look for reputation first, and ask questions such as are they reliable and are they respected in the legal community. A Pasadena bankruptcy attorney's website will usually have client testimonials outlining their experience with them. These are always helpful to get a feel for their level of professionalism, and how empathetic they are to the overwhelming stress of having to deal with bankruptcy.

A reputable Pasadena bankruptcy attorney knows all the ins and outs of the bankruptcy laws in California. They know what documents to file, when they have to be filed, what information to include, and what paperwork is not necessary. They also know how to streamline the process because they have done it so many times.

As well, a lawyer specializing in bankruptcy law in Pasadena knows how to explain bankruptcy law in such a way that their clients will understand. They know how difficult legal terminology is for regular every day people. They can explain in detail, the process, alternatives, and ramifications of filing for bankruptcy for individuals, businesses and corporations. Another specialty of a Pasadena bankruptcy attorney is that they know what to do in a crisis situation. Their knowledge is in-depth and they know what questions governing authorities want answered while filing bankruptcy documents

Go to the California Bar Association Website.

The bar association website for the state of California, has a listing of all lawyers practicing bankruptcy law within the state. It also sometimes lists reviews about the litigator's successes and other aspects of their professional careers. A Pasadena bankruptcy attorney is not just a legal eagle. They are also act as the debtor's advocate who guides them through the bankruptcy process, meetings, and paperwork and helps them fulfil their legal obligations imposed during the bankruptcy.

The paperwork and steps involved in filing for bankruptcy are very particular. Without a Pasadena bankruptcy attorney, debtors can run the risk of making a grave error. For example, a debtor could unknowingly perform an action that constitutes fraud such as transferring assets in close proximity to filing for bankruptcy. This would be considered fraudulent, making the transaction void.

When looking for a Pasadena bankruptcy attorney, it is very important to find one that is well respected and experienced. Choosing the right lawyer is a major step to get out of a stressful financial situation.

Monday, August 27, 2012

Huf & Tax Implications

Hindu Undivided Family is defined as consisting of a common ancestor and all his lineal male descendants together with their wives and unmarried daughters. Therefore, a HUF consists of all males & females in the family. Daughters born in the family are its members till their marriage and women married into the family are also members of the HUF.

In this context, Hindu mean all the persons who are Hindus by religion. Section 2 of the Hindu Succession Act, 1956, elaborately declares that it applies to any person, who is a Hindu by religion and it includes a Virashaiva, a Lingayat or a follower of Brahmo, Prathana or Arya Samaj, a Buddist, Jain or Sikh. In CWT In the case of Smt. Champa Kumari Singh (1972) 83 ITR 720, Supreme Court held that the HUF includes Jain Undivided Family. HUF is a separate entity for taxation under the provisions of sec. 2(31) of the I. T. Act. It means that the one person can be assessed as an individual and also as a Karta / Chief of his family.

HUF Formation An HUF is automatically constituted with the marriage of a person. No formal action is required to create an HUF. The HUF being the result of birth, possession of joint property is only an appendage of the HUF and is not necessary for its constitution. So, one person cannot form an HUF. Family is a group of people related by blood or marriage. However, the property held by a single co-parcener does not lose its character of Joint Family property solely for the reason that there is no other male or female member at a particular point of time. Once the co-parcener marries, an HUF comes into existence as he alongwith his wife constitutes a Joint Hindu Family. This was held in the case of Prem Kumar v. CIT, 121 ITR 347 (All.)

It can be noted that, the technical status of an HUF continues even in the hands of females after the death of sole male member. Even after the death of the sole male member, the original property of the HUF remains in the hands of the widows of the members of the family and the same need not divided amongst them.

An HUF need not consist of two male members- even one male member is enough. The understanding that there must be at least two male members to form an HUF as a taxable entity is not applicable. Gauli Buddanna v. CIT, 60 ITR 347 (SC); C. Krishna Prasad v. CIT 97 ITR 493 (SC) and Surjit Lal Chhabda v. CIT, 101 ITR 776 (SC). A father and his unmarried daughters can also form an HUF. CIT v. Harshavadan Mangladas, 194 ITR 136 (Guj.)

Nucleus of HUF With several rulings it is now established that, nucleus or ancestral joint family property is not required for the existence of the HUF.

Karta - He is the person who manages the affairs of the family. Generally, the senior most male member of the family acts as Karta. However, any other male member can also act as Karta with the consent of the other member. Narendrakumar J. Modi v. Seth Govindram Sugar Mills 57 ITR 510 (SC).

Property - The HUF property may consist of ancestral property, property allotted on partition, property acquired with the aid of joint family property, separate property of a co-parcener blended with or thrown into a common family pool. The provisions of sec. 64 (2) of the Income Tax Act, 1961 have superseded the principles of Hindu Law, in a case where a co-parcener impresses his property with the character of joint family property.

Female members cannot merge her separate property with joint family property, but she can make a gift of it to the HUF. Pushpadevi v. CIT 109 ITR 730 (SC). Female members can also bequeath their property to the HUF, CIT v. G.D. Mukim, 118 ITR 930 (P & H).

Multiple Family Structures - An HUF can consist of several branches or sub-branches. For example, a person with his wife and sons constitutes an HUF. If the sons have wives and children, they also constitute smaller HUFs. If the grandsons also have wives and children, then they also constitute HUFs. It is irrelevant whether the smaller HUFs hold any property. Nucleus property can be acquired by partition of bigger HUF or by gifts from any member of the family or even by a stranger or by will with intention of the donor or the testator that the said gift or bequest will form the HUF property of the donee. An HUF can be composed of a large number of branch families, each of the branch itself being an HUF and so also the sub-branches of more branches. CIT v. M.M.Khanna 49 ITR 232 (Bom).

Tax planning through HUF -
(i) Increase the number of assessable units through the device of partition of the HUF.
(ii) Create separate taxable units of HUF through will in favour of HUF or gift to HUF.
(iii) Enter into family settlement / arrangement.
(iv) Payment of remuneration to the Karta and also to other members.
(v) Providing loans to the members of the HUF.
(vi) Gift to members.

Partition of HUF - The tax liability can be reduced by partition of the HUF. This can be easily done in a case where the partition results in separate independent taxable units. Suppose an HUF consists of father and two sons and there are two business establishments, a house property and other sources of income with the HUF. If the members of the HUF have no other sources of income then partition of the HUF can be done by giving one business establishment to each of the sons, house property to the father and dividing the other sources in such a manner so as to make the partition equitable. Such a partition of HUF will reduce the tax liability considerably. The position may, however, be different in a case where the members of the HUF have got high individual incomes. In such a case it is not advisable to break or partition the HUF. The HUF should be allowed to continue as a separate taxable unit.

In case, where the HUF has only one business establishment, which can not be physically divided, it may be converted into a partnership firm or a company. At present, rate of firm's tax and the rate of tax in case of a company, is 30% flat, therefore conversion of HUF business into a partnership or a company is not advantageous. The incidence of, in such a case, can be better reduced by payment of remuneration to the members of the HUF. Partial partition of HUF is also a very effective device for reducing its tax liability. Partial partition is recognized under the Hindu Law. However partial partition of an HUF is no more recognised by the Income Tax Act. The provisions of sec. 171 partial partitions can still be used as a device for tax planning in certain cases. An HUF not hitherto assessed as undivided family can still be subjected to partial partition because it is recognized under the Hindu Law and such partial partition does not require recognition u/s. 171 of the Income Tax Act, 1961. Thus a bigger HUF already assessed as such, can be partitioned into smaller HUFs and such smaller HUFs may further be partitioned partially before being assessed as HUFs. Besides any HUF not yet assessed to tax can be partitioned partially and thereafter assessed to tax.

Legal aspects and partition of HUF
(i) Assets distribution in the course of partition would not attract any capital gains tax.
(ii) No gift tax liability.
(iii) No clubbing of incomes u/s. 64.

Create Separate Taxable Units - It is now well settled law that there can be a gift or will for the benefit of a Joint Hindu Family .It is immaterial whether the giver is male or female, whether he or she is a member of the family or an outsider. What matters is the intention of the donor that the property given is for the benefit of the family as a whole. Suppose there is an HUF consisting of Karta, his wife, his two sons, daughter-in-law and grand children. A gift or will can be made for the benefit of the two smaller HUFs of the sons. The bigger HUF will continue as a separate taxable unit even after the death of the Karta. There may also be a case where the father or mother has self acquired properties. They have a son and his family but there is no ancestral property as a corpus of their family. Then, father & mother or both can leave their property for the benefit of their son's family, through their respective wills.

Family Settlement / Arrangement - Family settlements / arrangements are also effective devices for the distribution of ancestral property. The object of the family settlement should be broadly to settle existing or future disputes regarding property, amongst the members of the family. The consideration for a family settlement is the expectation that such settlement will result in establishing or ensuring amity and goodwill amongst the members of the family. Since family arrangement does not involve transfer, it would not attract gift tax, capital gains tax or clubbing. By a family arrangement tax incidence is considerably reduced or it may even be nil. Suppose a family consists of Karta, his wife, two sons and their wives and children and its income is Rs. 6, 00,000/-. The tax burden on the family will be quite heavy. If by family arrangement, income yielding property is settled on the Karta, his wife, his two sons and two daughter-in-law, then the income of each one of them would be Rs.100,000/- which would attract no tax & if the assessment year is 2007-08, then the tax liability would be reduced form Rs. 100,000/- to nil.

Remuneration to the Karta & members - The other important measure of tax planning for an HUF is to pay remuneration to the Karta and its members for the services rendered by them to the family business. The remuneration so paid would be allowed as a deduction from the income of the HUF and thereby tax liability of the HUF would be reduced, provided the remuneration is reasonable. The payment must be for service to the family for commercial or business expediency. Jitmal Bhuramal v. CIT 44 ITR 887(SC).

Loan to the Members - If the business, capital or investment of the HUF is expanding then such expansion can be done in the individual names of the members of HUF by giving loans to the members from the HUF. The HUF may or may not charge interest on the loans given. Where after partition of an HUF, two members became partners in three firms on behalf of their respective HUFs and they also became partners in a fourth firm, the funds were obtained by means of loans from other three firms, the share incomes of the members from the fourth firm was assessable as their individual income only. CIT v. Champaklal Dalsukhbhai, 81 ITR 293 (Bom.).

Gift of Assets to Members - Generally, the Karta of an HUF cannot gift or alienate HUF property but he can make certain gifts to the female members. Gift of immovable property within reasonable limits, can also be made by a Karta to his wife, daughter, daughter-in-law or even to a son out of natural love and affection. Gift of immovable property within reasonable limits can be made only for dutiful purpose e.g. marriage of a daughter etc.

If the HUF has surplus funds or property, then, the Karta can make gift of movable assets to his wife, daughter or daughter-in-law at one go or over a period of time. However, it may be noted that with effect from 1.10.98, the applicability of Gift Tax is no more in force. Therefore, no Gift Tax will be payable by a person making the gift from on or after 1.10.98. However, w.e.f. 1.10.2004 Gift received from other than relatives exceeds Rs.25,000/- then that amount is liable to Income Tax u/s. 57. It may be remembered that gift for marriage or maintenance of daughter is not liable to Gift Tax. Further clubbing provisions of sec. 64 would not be applicable if the gift in validly made in accordance with the rules of Hindu Law. Besides, if a gift made to the minor daughter of the Karta is valid then the provisions of sec. 60 of the Income Tax Act would not be attracted. CIT v. G. N. Rao, 173 ITR 593 (AP). Whereby, section 60 relates to transfer of income where there is no transfer of assets.

Other Tax Planning
(i) Transfer of individual property to the family.
(ii) Family reunion after partition.
(iii) Inheritance by succession

Partnership Firm & HUF - An HUF cannot become a partner in a firm. The Karta or a member of the HUF can represent the HUF in a firm. A female member can also represent HUF in a partnership firm, CIT v. Banaik Industries 119 ITR 282 (Pat.). Where remuneration was received by a member of HUF from a firm, where he was partner on behalf of HUF for managing firms business such remuneration was his individual income, CIT v. G. V. Dhakappa 72 ITR 192 (SC); Premnath v. CIT 78 ITR 319 (SC). However, income received by a member of HUF from a firm or company is taxable as the income of the HUF, if it is earned detriment to or with the aid of family funds, otherwise it is taxable as the separate income of the member, P.N. Krishna v. CIT 73 ITR 539 (SC). Members of HUF can constitute Partnership without affecting a partition or without disturbing the status of joint family. Ratanchand Darbarilal v. CIT 15 ITR 720 (SC). However, on viewing at the present rate of firm's tax, conversion of HUF business into partnership is not advantageous.

The Author, CA A. K. Jain, can be contacted at, 21, Skipper House, 9, Pusa Road, New Delhi 110005, Mobile No. 98-100-46108, E-Mail: