Monday, August 27, 2012

The Right Character Traits For An Mba

Applying to business school? Yeah, I know what that's like. You have a lot to focus on and sometimes the only way you can understand the application is to really break down some of the components and concepts into parts. For example, ever think about how your extracurriculars, life story, and work experience are all part of the large picture? You need to really give admission officers a piece what you are as a person, think of it as character development.

Let's nip it right in the butt. You really have to show admission officers that you have traits to be successful.

It's critical that you know what your business school of choice is looking for in its applicants. If you don't know, it's going to be hard to weave some of those traits into applications and convince them you're the ONE. Believe me, not all business schools are the same and if you're assuming that any trait will satisfy business schools, you're dead wrong. All top MBA programs want their students to graduate and to become newsworthy alumni one day; they want powerful leaders out there representing their alma mater brand. Whether it's finance, consulting, healthcare, or the social sector, you need to be a dominant force along the way in some form. You might be thinking that not every business school cares about leadership the way Harvard does, but every business school is actually looking for influential leaders. If you have no interest in becoming a leader one day, then you can forget about becoming a notable alumni.

I know I'm sounding rather harsh but this is the reality of business schools. Think about it, they want to continue having an amazing brand to continue attracting applicants from around the world. It's a business model! After all, it's business school. They've got to make money somehow, right?

I'll leave you with some traits that you should be thinking about as you dive into the application process. Don't limit yourself to these, use them as a guide and continue to find traits that you embody.

Emotionally intelligent
Confident (not arrogant)
empathic and thoughtful

If you're having trouble finding some traits, visit some school websites and read about current students. This is always a good beginning.

Saturday, August 25, 2012

Different Types Of Life Insurance Policies Available In India

Life insurance is one of the fastest growing financial service sector in India. Currently, there are 24 life insurance companies in India offering various kinds of life insurance policies with many benefits and riders. The main purpose of taking life insurance is to provide financial protection for the dependants of a person in case of his death.

There are some life insurance policies which have inbuilt wealth creation or investment plans along with insurance. Also, these products are offered as specific tailor-made products for different life stages like, child plans, retirement plans, pension plans etc. A few products offer loan facility along with the life insurance plan. Also, all life insurance premiums offer tax benefits to the insured, as per the Indian Income Tax Act.

Here under are different types of life insurance policies that are being offered in India.

Term insurance policy:
Term insurance offers financial protection for the family of the insured in case of his sudden demise. It is the cheapest life insurance policy that offers high sum assured at low cost. This policy provides insurance cover for a period of time. In India, almost all life insurance companies offer term insurance with different product names. The term policy will be usually available for 5, 10, 15, 20 or 30 years. The policyholder does not get life cover after the completion of the term policy. Further, in India premium paid on term insurance is eligible for tax exemption under section 80C of Income Tax Act in India.

Money-back policy:
Under this policy, certain portion or percentage of the sum assured is returned back to the insured, in case of survival of policy holder. In the event of death during the period of the policy, the nominee of the policy gets death benefits equal to the sum assured and accumulated cash benefits. The premiums of money-back policy are very high compared to term insurance policy.

The money-back policies are offered for a fixed period of time, usually up to 25 years and the policyholder pays a fixed premium periodically (monthly, quarterly, annually) during the policy period. The premiums paid on money-back insurance policies are eligible for tax exemption under section 80C of Income Tax Act in India.

Whole life insurance policy:
As the name suggests, the policy covers risk for entire life of the policyholder. This policy continues as long as the policy holder is alive. The policy offers only death benefits to the beneficiary or nominee in case of the death of the insured. This policy does not offer any survival benefits. So, the whole life insurance policy is mainly taken to create wealth for the heirs of the policyholders, as this policy offers payment of the sum assured plus bonus in the event of the death of the policyholder. The premiums of whole life insurance are costlier than term plans.

The policyholder pays premium for whole life or till some age (say 80 years) or for some period of 35-40 years based on the terms and conditions of the policy. The premium paid on whole-life insurance policies is eligible for tax exemption under section 80C of Income Tax Act in India.

Endowment insurance policy:
Endowment insurance policy is a savings linked insurance policy that provide cover for a specified period of time. The policy holder receives sum assured along with bonus or profits at the end of the policy in case of his survival. This policy is best for those people who do not have a savings or investing habit on a regular basis. In case of the death of the policy holder before the maturity of the policy, the beneficiary of the policy receives only the sum assured amount.

The premiums of the endowment policies in India are costlier than term life and whole life insurance premiums. Also, the premiums paid on endowment insurance policies are eligible for tax exemption under section 80C of Indian Income Tax Act.

Unit linked insurance policy:
A Unit Linked Insurance Policy (ULIP) is a special kind of investment tool combined with life insurance and serves as investment-linked insurance policy. In this policy, some part of the premiums goes into life cover and some part of the premium goes into investment.

The policy consists of investment mix where some percentage of the premium can go into 100% equity funds or 100% debt funds or a mixture of both. Here, the policyholder has an option of choosing funds or he can select the strategy of investing. The policyholder can also has the choice of switching from one fund to other fund. The returns from ULIPS are based only on the performance of the funds. The main drawback of ULIPs is that, it contains high charges (commissions) for managing funds.

In India, ULIPs allow you to claim tax benefits against the premium payment by two ways deduction and exemption. You can deduct up to Rs.1 lakh of your taxable income by investing in ULIPs under section 80C of Indian Income Tax Act. You can exempt from gross income under section 10 (10)D for any sum received from insurance.

Insurance policies have a great role to play in assuring tax savings. As per the policy in India, all regular-premium life insurance policies (except pension plans) in India issued after April 2012, should offer protection cover of at least 10 times the annual income to be eligible for tax benefits under section 80C and 10 (10)D.

Choose and get a best life insurance policy to protect your family's financial condition in your absence.

Thursday, August 23, 2012

How Debt Settlement Programs And Chapter 13 Bankruptcy Differ

When the pressure of debt gets too much to handle effectively, there are solutions out there. The only real question is which to choose. The best options are constructive repayment agreements, and the two most common are debt settlement programs and a bankruptcy agreement under the terms of Chapter 13.

The two are quite similar in principle, with their core reasons being to facilitate the repayments of debts, either in full or in part. The result is to lift the burden of debt off the debtor. But which is the best option to choose? Is a Chapter 13 bankruptcy plan going to damage a credit reputation? Or is a settlement program the right way forward?

These are just some of the issues to consider, and while old bankruptcy options were taken advantage of, creditors are now better protected. Clearing debts effectively comes down to two key choices, both of which can see debts cleared with just 30% to 50% of the sum repaid, to so which is actually better?

Debt Settlement

There are some great advantages to adopting a debt settlement program to ease the financial burden, not least the fact that what is paid to clear the debt is lowered. But when compared to the alternative bankruptcy, there are some negatives. For example, settlement is more expensive, costing up to ,000 in service fees.

The greater expense comes down to the fact that debt settlement companies charge a fee based on the size of the debt involved, so a larger debt will mean a higher fee. Chapter 13 bankruptcy is a fixed rate. Also, the term of a settlement is usually 3-4 years, which means payments can be larger.

But perhaps the biggest negative is that the creditor is in control when it comes to negotiations. This is because the agreement is a voluntary agreement, so the debtor has every right to reject proposals. Sometimes clearing debts effectively means holding out for better terms, but the creditor car pull the plug at any time and seek legal action instead.

Chapter 13 Bankruptcy

When it comes to fees, bankruptcy is actually a lot less expensive than a debt settlement program. The reason is partly down to the fact that practically no negotiations are needed, just to have the necessary paperwork prepared and legal representation. So, expect costs of between ,500 and ,000.

The term of a Chapter 13 bankruptcy agreement has recently been extended to a maximum of 5 years, so the task of clearing debts constructively is greatly improved. Principally, the monthly repayments are lowered thanks to the longer term.

With a court taking on the case, neither party can act independently. So, creditors cannot take legal action once the Chapter 13 process has begun. For the most part, the plan leading to clearing debts effectively, and once the final ruling is made, it cannot be repealed.

The After Effects

But how does the eventual ruling actually affect the debtor? Through a debt settlement program, the creditor will get at least a share of the money owed to them. However, the credit record will state that the debt was paid through a settlement plan and the credit score will be lowered significantly. The good news is that credit worthiness can be regained after just 2 years.

With a Chapter 13 bankruptcy plan, the decision goes on the credit report and stays there for as long as 10 years, severely damaging the credit score. Also, when any bankruptcy ruling is made, the records are made available publicly, so people have access to relevant records. So, clearing debts effectively can have its price.

Tuesday, August 21, 2012

Difference Between A Wallet And Billfold- Review

Wallet is usually made of leather. It is a tiny, flat and pocket sized folding case used to carry credit cards, debit cards, photographs, driver's license, paper money, and the like. The most important quality of the wallet is that it contains a number of compartments of different sizes and sometimes with a zipper closure or snap. On the other hand, a billfold is a type of wallet that folds over. Billfold is also made of leather and you can find a clip in the middle to take care of the bills. Both billfold and wallet have the same use as they serve to carry all your important documents. That means both these terms offer the same function. The only difference between these two is that the term billfold which is the short form of bill folder is used by the people long after the term wallet was introduced. So you actually clip the bill then fold it in half. Even though the fact that these two address the same needs, they are used as the synonyms for each other. And that is why it is called a billfold. It is so simple in design.

You can prefer wallet or bill fold according to your needs. If you have a number of cards or other important documents to be carried every day, you should buy a wallet that can accommodate all of them. Billfold helps you to hold or carry all your essential documents in it without damage or wrinkling them. Many among us are in the habit of carrying so many important receipts, cards, bank papers, bills, etc. This habit leads the wallet or billfold manufacturers to change its shape and functionality. As a result the modern wallet can accommodate all your valuable personal documents without messing together. In the olden days, wallets were seen as small bags made of leather or cloth that can be used to hold all the stuffs in them securely when going for a trip. Now the design has changed but the purposes for both of them remain the same. Thus you cannot find out any major differences to distinguish between them. These days, electronic wallets are offered in the market that can detect its right owner and no others can use it. Such wallets prevent pick pocketing.

What is the Difference Between a Credit Union and a Bank?

Banks and credit unions seem very similar to most people. They both offer deposit accounts and various types of credit. They have many of the same services, telephone banking, online banking and ATMs; but there are some major differences between the two. If you're wondering where to turn for your next personal loan or aren't sure where to open a savings account consider the following differences between a credit union and a bank.

Credit Unions

A Credit Union is a member-owned not-for-profit financial cooperative governed by a Board of Directors elected by the credit union's members. The members of a credit union usually have something in common, such as living in the same geographical region or belonging to the same organization.

Credit Unions offer everything from checking and savings accounts to small business loans, car loans, mortgages, personal loans, and more. A credit union's main focus, however, is on savings and it will usually offer higher interest on savings products than a bank. A credit union's not-for-profit status means that any income it earns is given back to its members, usually via lower interest rates and fees.


A bank is a stockholder-owned financial institution. Its main goal is to make its investors money and it does so by investing its customer's money or lending it to other customers. When you make a deposit at the bank you are essentially loaning money to it. The bank pays you back in interest for that loan but the rates vary depending on the bank (consider that 0.05% you're now making on a savings account you opened several years ago when interest rates were much higher).

Banks also make their money in fees (ATM fees, overdraft fees, late payment fees, etc.). Banks carry the same products as credit unions, deposit accounts, IRAs, credit cards, and so on, but unlike a credit union, a bank's products are FDIC insured. (Credit unions are insured by the National Credit Union Administration (NCUA) so funds are still guaranteed should the credit union fail).

While it may seem that banks and credit unions both offer the same products and the only difference is in who owns them, credit unions lead the way when it comes to service. Surveys of bank customers and credit union members consistently show a higher rate of satisfaction among credit union members. And while banks are often able to provide more convenience, in that they typically offer more branch locations, customer satisfaction is not as high.

Monday, August 20, 2012

Obese Children Face Difficulties With Booster Seats

More and more states are requiring children to use a booster seat until they are eight years old and eighty pounds. Booster seats make sense even if your state does not require them. Despite their safety bonuses, a poor fitting booster seat will not help your child in a crash. Increasing numbers of obese children have increased the number of ill fitting booster seats.

In a 2006 study published in the medical journal Pediatrics, 284,000 children age 1-6 faced danger from an ill fitting booster or car seat. As of 2008, more than one in three children is either overweight or obese, increasing the numbers cited in 2006.

That doesn't mean that nothing is being done about it. Car seat and booster seat manufacturers have begun to produce seats with the capacity to hold larger children. Some have also begun to address the issue of a child being too tall for standard seats.

As the American child becomes more and more overweight, manufacturers are catching up with their bodies. Why address the underlying cause of their weight issue? Just make a bigger seat.

Saturday, August 18, 2012

Pithy Prose: The Wit & Wisdom of Eric Hoffer

Part 10 of an occasional series

I am a collector of quotations. I have been ever since I learned how to write, I mean professionally, not in primary school.

I am particularly fond of what I like to call "pithy prose". These short quotations can cover an unlimited variety of subjects: love, religion, politics, human nature, etc. What unites them is their ability to say more in one or two sentences than could be expressed in a thousand-word treatise. It's like being able to pour a liter of liquid into a half-liter bottle.

They are superb examples of Mark Twain's famous dictum, "The difference between the right word and the almost right word is the difference between lightning and a lightning bug."

In principle, all writers and public speakers are capable of producing pithy prose, but clearly some are better at it than others.

Any collection of pithy prose must necessarily be biased in terms of what it includes and excludes. I make no apologies for my selections, only for the hundreds of other meritorious quotations I had to leave out.

No one will agree with all these quotations; this was not their intention. You may even find some of them repugnant or outrageous. This was their intention.

We seldom learn anything of value from what we already agree with. Only those ideas that grate on our nerves can open our minds. As with oysters, irritation can produce pearls. So if anything you are about to read annoys or shocks you, try to think clearly and dispassionately about what it is saying. You will either be confirmed in your current belief or shaken into re-examining it.

Either way, you win!

This article is part of an occasional series. In each article, I will be offering more amusing, educating, and exasperating quotations to your judgment. But just to be certain that we agree on what we are talking about, here it is in a nutshell.

Pithy Prose: A quotation where at first you may not be quite certain what it means. But when you become certain, you become equally certain that it couldn't have been said better any other way. In short, big ideas in small packages.

If you have a better definition of pithy prose, please contact me. I would love to hear it.

Who Is Eric Hoffer?

Eric Hoffer (1902 - 1983) was known as "the longshoreman philosopher". Born in New York City, he was largely unschooled because he became temporarily blind at the age of seven; however, when he regained his sight at the age of 16, he read voraciously. At 18 he went to California, where he became both a migrant farm laborer and a longshoreman (dockworker). "The True Believer" (1951), his first and best known work, is a study of fanaticism and mass movements. It was widely praised for its pungent, aphoristic style and deep sociological insights.

1. A grievance is most poignant when almost redressed.

2. A man by himself is in bad company.

3. Charlatanism of some degree is indispensable to effective leadership.

4. Compassion is the antitoxin of the soul: where there is compassion even the most poisonous impulses remain relatively harmless.

5. Creativity is the ability to introduce order into the randomness of nature.

6. Every intense desire is perhaps a desire to be different from what we are.

7. Every new adjustment is a crisis in self-esteem.

8. Faith in a holy cause is to a considerable extent a substitute for lost faith in ourselves.

7. Far more crucial than what we know or do not know is what we do not want to know.

8. In a time of drastic change it is the learners who inherit the future. The learned usually find themselves equipped to live in a world that no longer exists.

9. It is a sign of creeping inner death when we can no longer praise the living.

10. It is by its promise of a sense of power that evil often attracts the weak.

11. It is easier to love humanity as a whole than to love one's neighbor.

12. It is not actual suffering but the taste of better things which excites people to revolt.

13. It is not so much the example of others we imitate as the reflection of ourselves in their eyes and the echo of ourselves in their words.

14. It is often the failure who is the pioneer in new lands, new undertakings, and new forms of expression.

15. It is remarkable by how much a pinch of malice enhances the penetrating power of an idea or an opinion. Our ears, it seems, are wonderfully attuned to sneers and evil reports about our fellow men.

16. It is the around-the-corner brand of hope that prompts people to action, while the distant hope acts as an opiate.

17. It is the malady of our age that the young are so busy teaching us that they have no time left to learn.

18. It sometimes seems that intense desire creates not only its own opportunities, but its own talents.

19. It still holds true that man is most uniquely human when he turns obstacles into opportunities.

20. Kindness can become its own motive. We are made kind by being kind.

21. Man is the only creature that strives to surpass himself, and yearns for the impossible.

22. Many of the insights of the saint stem from their experience as sinners.

23. Men weary as much of not doing the things they want to do as of doing the things they do not want to do.

24. Nationalist pride, like other variants of pride, can be a substitute for self-respect.

25. Our frustration is greater when we have much and want more than when we have nothing and want some. We are less dissatisfied when we lack many things than when we seem to lack but one thing.

26. Our sense of power is more vivid when we break a man's spirit than when we win his heart.

27. People who bite the hand that feeds them usually lick the boot that kicks them.

28. Propaganda does not deceive people; it merely helps them to deceive themselves.

29. Rudeness is a weak imitation of strength.

30. Social improvement is attained more readily by a concern with the quality of results than with the purity of motives.

31. Someone who thinks the world is always cheating him is right. He is missing that wonderful feeling of trust in someone or something.

32. Sometimes we feel the loss of a prejudice as a loss of vigor.

33. Take away hatred from some people, and you have men without faith.

34. The beginning of thought is in disagreement - not only with others but also with ourselves.

35. The fear of becoming a 'has-been' keeps some people from becoming anything.

36. The greatest weariness comes from work not done.

37. The hardest arithmetic to master is that which enables us to count our blessings.

38. The only way to predict the future is to have power to shape the future.

39. The savior who wants to turn men into angels is as much a hater of human nature as the totalitarian despot who wants to turn them into puppets.

40. The search for happiness is one of the chief sources of unhappiness.

41. The weakness of a soul is proportionate to the number of truths that must be kept from it.

42. There are no chaste minds. Minds copulate wherever they meet.

43. There would be no society if living together depended upon understanding each other.

44. Those in possession of absolute power cannot only prophesy and make their prophecies come true, but they can also lie and make their lies come true.

45. Thought is a process of exaggeration. The refusal to exaggerate is not infrequently an alibi for the disinclination to think or praise.

46. To know a person's religion we need not listen to his profession of faith but must find his brand of intolerance.

47. To spell out the obvious is often to call it in question.

48. To the old, the new is usually bad news.

49. We are least open to precise knowledge concerning the things we are most vehement about.

50. We are more prone to generalize the bad than the good. We assume that the bad is more potent and contagious.

51. We can be absolutely certain only about things we do not understand.

52. We have rudiments of reverence for the human body, but we consider as nothing the rape of the human mind.

53. When people are bored it is primarily with themselves.

54. When people are free to do as they please, they usually imitate each other.

55. Wise living consists perhaps less in acquiring good habits than in acquiring as few habits as possible.

56. You can discover what your enemy fears most by observing the means he uses to frighten you.

57. You can never get enough of what you don't need to make you happy.

Previously in this series

Part 1 Pithy Prose: The Wit & Wisdom of Mark Twain
Part 2: Pithy Prose: The Wit & Wisdom of Oscar Wilde
Part 3: Pithy Prose: The Wit & Wisdom of People Named "W"
Part 4: Pithy Prose: The Wit & Wisdom of Anatole France
Part 5: Pithy Prose: The Wit & Wisdom of Ambrose Bierce
Part 6: Pithy Prose: The Wit & Wisdom of Friedrich Nietzsche
Part 7: Pithy Prose: The Wit & Wisdom of Anon
Part 8: Pithy Prose: The Wit & Wisdom of People Named "H"
Part 9: Pithy Prose: The Wit & Wisdom of Johann Goethe

Philip Yaffe is a former reporter/feature writer with The Wall Street Journal and a marketing communication consultant. He currently teaches a course in good writing and good speaking in Brussels, Belgium. His recently published book In the I of the Storm: the Simple Secrets of Writing & Speaking (Almost) like a Professional is available from Story Publishers in Ghent, Belgium ( and Amazon (

For further information, contact:

Philip Yaffe
Brussels, Belgium
Tel: +32 (0)2 660 0405

Borrowing Levels 'Are High'

Britons are borrowing an increasing amount of money, new research shows.

In the latest Savings Brake study carried out by Unbiased, lending through the likes of credit cards, loans and overdrafts accounted for some 11.7 billion pounds between July and September, a figure about double of that recorded during the preceding quarter. Meanwhile, findings from the firm also indicated that savings decreased by more than 11 billion pounds over the course of the third quarter of 2007. Overall, for every pound the typical Briton saved during the third quarter of the year, some 35 pence was borrowed. According to the company this represents a "significant increase" from the 13 pence per pound borrowed during the previous three-month period.

According to the company, the recent climate of high interest rates has seen many Britons dip into their savings accounts or take out a loan in an attempt to help cope with various financial constraints over the summer, including holidays. In addition, the credit crunch and its subsequent impact on the availability of cheap UK loans was also reported to have had an impact on consumers' capacity to handle their money.

Commenting on the figures, David Elms, chief executive of Unbiased, said: "We have seen a lot of activity in the financial markets in the third quarter of 2007, which marked the beginning of the Northern Rock crisis. Interest rates over the summer were still at a high level of 5.75 per cent and many people will have felt the impact of the credit crunch starting to bite their disposable income.

"While the high level of borrowing and a drop in savings for this quarter may come as no surprise, it is a worrying development. And with the cost of Christmas about to hit the nation's pockets over the next couple of months it is unlikely that we will see a significant improvement in the Savings Brake ratio."

As a result, Mr Elms advised it is crucial that consumers take the time to take steps to take control of their financial situation. And that their level of savings and borrowing, whether this is through loans, plastic cards or other means, remains at "a healthy level".

For those concerned about either their ability to save adequately for later life or about the level of money owed in personal loans, overdrafts, store cards and other forms of borrowing, taking out a loan for debt consolidation purposes may prove to be useful. And applying for such a loan may be useful for a rising number of people. A recent study carried out by Alliance & Leicester showed that following the series of interest rate increases since August 2006, households are feeling "less comfortable" in managing various areas of their finances, as the subsequent rise in mortgage costs impinges upon their ability to pay back loans and other monetary demands.

The study also indicated consumers put just 2.1 per cent of their salary into a savings scheme during the first quarter of this year, a record low. Although this proportion increased to 3.1 per cent between April and June, the financial services firm stated that is still below the decade-average of six per cent. As a result, applying for a cheap consolidation loan could help consumers drastically reduce their borrowing and free up more money to invest into savings accounts.

Friday, August 17, 2012

Cartier Love Bracelet Replica - A Stainless Steel Ring Love

Cartier love bracelet replica tells you how far will your love goes. We sometimes are annoyed that how far can two lovers go. Will his or her heart change? Whether she or he will love me forever?

When the love of Cartier jewelry series came out, building things promotion and image began to go everywhere. And the question that Cartier sounds so worthy of thinking - How far would you go for love? actually speaking, will you seize your truly love or will your lover love you forever in his or her deep heart.

The purpose of two people being together has evolved from the need for reproductive love for each other. These gifts have been used by humans to express their love, they play an indispensable role in the development of the relationship between the two. Love is beautiful because it is a type of skill shared by all human beings. But it is a shame to buy the ring of love is far from being a kind of skill that all people, since every element of estate costs thousands of dollars. Few can afford the ring, but does not mean they are not willing to go far for love. If you fall for someone, you want him or her the best things in the world, but the "best" should not be fancy, so there may be things that are much more commonplace and affordable.

If the rings love on your fingertips, replica versions of the rings is very useful to examine. Instead of being with genuine gold and Diamond, these copies are made of stainless steel and diamonds lab created, they are always high quality and equipped with exactly the same look of the original models. And the most interesting part is the low prices that allow you to buy different Cartier Love Bracelets in various colors and styles to suit different outfits or moods.

Nobody can say that love must be represented by diamonds in real gold. Personally, I think the answer Cartier Love Bracelets, stainless steel can also bring love stainless, which explains the beauty of love.

Thursday, August 16, 2012

After Hard Times A Bankruptcy Car Loan Can Be Your Best Ally

After hard times, a bankruptcy car loan can be your best ally. The quickest way to rebuild your credit score is by committing to an auto loan and making the payments in a responsible way.

A bankruptcy car loan can be the key factor in that fresh new start toward rebuilding your credit. In this article we will talk about the best way to use a car loan after bankruptcy as an answer to establishing your new financial future.

Use the Internet to find local auto dealers or an auto consultant, if you don't know of any, who will offer you special financing for a bankruptcy car loan. Not all dealers offer this service.

Visit a couple of these special financing dealerships and determine if it feels like a good fit for you. By asking a few questions you will get a feel of the type of people you will be working with. You want to work with someone who listens to you and helps you meet your needs and wants.

One source that most people don't think about for special financing is to look for an auto consultant that offers these services. Usually an auto consultant (not an auto salesman) is more willing to work with you and will listen to you instead of just trying to sell you a car today.

Bankruptcy can be emotionally tough on anyone. The dealership should treat you will compassion and understanding. They should appear eager and willing to help you just as they would help someone with a perfect credit score. Finding a special financing dealership that treats you with dignity will help give you peace of mind that they will get you the best deal possible.

Next, decide on a used car that suits your family's needs. Look for a car that has lower mileage and has been safety inspected and has a good history report. Take the car for a drive and see how it feels to you.

Before signing on the dotted line you want to make sure you can make the monthly payments easily each month. Take a look at your monthly income and be sure you have enough money every month for the payment, insurance and maintenance on the car.

Once you are confident that the bankruptcy car loan will work with the rest of your monthly bills, you are ready to sign the papers and move forward with your purchase.

As you drive your new used car off the parking lot know that getting a bankruptcy car loan is the greatest step you can take to rebuilding your financial future. Be sure and make all your payments on time, as this is one of the quickest ways to help rebuild your credit.

Chinese Negotiation Style - Meetings

When negotiating with the Chinese, it is important to understand that they are going to be conduct business in a way that is comfortable to them, which is the Chinese way.

Business etiquette in China is different than in the West, the idea of face and harmony are important concepts to the Chinese. The means that public telling people they are wrong, or that you disagree with them is something you should try and avoid.

How does this affect how they view business meetings and the Chinese negotiation style?

When the Chinese have a business meeting, they often don't expect there to be a resolution to issues during the meeting. To come to a resolution might mean having to tell someone that they are wrong and therefore cause them to lose face. Loosing face is a big insult to many Chinese.

Instead of making major decisions during a group meeting, the Chinese will often meet afterwards in smaller groups of 2-4 people and come to a resolution in the post meeting get togethers. This is perfectly acceptable to the Chinese because it helps them maintain harmony and nobody loses face.

Remember this does not bother them because it is part of the Chinese cultural customs and Chinese business etiquette.

Just realize that you may encounter this as part of the Chinese negotiating style and it will help you be more successful when conducting business in China.

If you find this information helpful and you would like to find out 3 more habits about conducting business in China than just go to our website.

Wednesday, August 15, 2012

Personal Loans With No Credit Check and No Verification of Income - Is It a Truth or Myth?

If you are desperately in need of a large sum of money to clear your unsettled debt, you would probably turn your head on instant loans online as your loan application would not be accepted by many financial institutions because of your bad credit record. Hence, you are at a financial crossroad as you are unable to perform your financial duties that could affect your family and working life.

It appears that there are a handful of private lenders who are offering personal loans without credit check and verification of income. What is the logic behind those lenders who are willing to grant substantial amount of loans to borrowers who have low credit scores and low salaries (or maybe currently unemployed)?

Loan lending business is indeed a competitive business industry after the recent financial crisis which has affected the world especially the U.S., as many Americans had to succumb to unemployment and debt issues. Most traditional financial institutions are very particular on their applicants' financial status before they start granting loans to them. Therefore, getting loans from private lenders is a current fad for those borrowers who have extremely low credit score and have meager incomes.

For that reason, the actual cost of bad credit personal loans is higher than other regular loans which are offered by traditional financial institutions. It is mainly because of the high interest rate applied to the bad credit loans as private lenders have to bear the risk of having those "inefficient" borrowers who are unable to repay their loans as agreed. Unless the borrower has put up collateral for a loan - for instance, using his home or car as collateral, he can request for an interest rate deduction in which it can lowers the cost of the loan.

Since loan lending business is a lucrative industry, many private lenders attract their potential borrowers by accepting loan application online. It is common to see their marketing approach implying that they are offering loans with no credit check and no income verification. Such loan deals are simply irresistible to most financially weakened loan seekers with low credit scores. In fact, such loan packages are referring to co-signer personal loans.

It is true that a co-signer personal loan does not require any credit check and income verification on the applicants - but it's on the co-signer. Thus, it is important that the co-signer must have good credit score and a stable income. By the way, the approval of the loan amount is based on the total salary earned by the co-signer - that explains why some borrowers are granted with larger loan amount while others don't.

If any lenders strongly convince their applicants that they are offering no-credit check personal loans in which it does not require any verification of income - it could be a trick that often used by scam artists. Hence, you need to apply for such loans from Better Business Bureau (BBB) accredited private lenders.

Tuesday, August 14, 2012

How to Clean a Child Recliner

Caring for a child recliner is a simple matter. There are a few things that you can do to make your child's recliner last for years.

There are two things that you should consider when you first receive your child recliner. First is the fabric type. If you have a cloth type recliner you will want to consider applying a scotch-guard type product to the recliner before allowing kids to use it. Scotch-guard can protect the fabric from minor stains and spills. It's easy to find, easy to apply and inexpensive. You can get fabric protector from any supermarket and most of the superstores that abound. Applying the fabric protector is simply a matter of spraying the product onto the chair and letting it dry. If you have vinyl, faux-leather or micro-fiber cover on your recliner then there is no need to apply fabric protection, as these covers do a good job of resisting stains and spills.

The second thing you should look at is how difficult it is to raise the footrest in your recliner. The footrest controls the reclining mechanism and on occasion can be too tight for your child to raise on their own. To correct this, place a drop or two of oil on the hinge joints. Some hinges are hidden behind a fabric or plastic covering. This covering can usually be pulled back easily to allow access to the hinges. In most recliners there is no covering on the hinges and applying oil is a simple matter.

Ah, but what do you do when little Johnny spills that Hawaiian Punch all over the chair? Well, if you've applied your fabric protection, then most of the spill will glide right over the material and make it all the way to the floor. In this case, just use a damp rag to wipe down the chair. Let dry and you should be in business. However, if the spill has soaked into the cover, then I recommend using one of the little steam cleaning tools that are now available. If you don't have one of these, then use carbonated water with a rag. The carbonation in the water brings out the stain, allowing you to wipe most of it up. Be sure to let the recliner dry fully after a soaked in spill. The foam underneath the covering can become wet and may need some extra time to dry.

With a little prevention your child recliner should make it through your child's formative years and will be a great source of pride and joy.

Sunday, August 12, 2012

How Much Contribution Can You Make In A Solo 401k Plan?

Solo 401(k), referred to as the individual 401(k) plan works just like a traditional 401(k) plan, however only difference is that this plan is eligible for self-employed individuals or simply small enterprises who don't have any full-time employees. As a result of many advantages and convenience it offers to the individuals numerous people are selecting this plan over other investment choices. When you've some questions cropping up in your mind, read on. This post answers some of the most faq's relating to solo 401(k) plan.

What is solo 401(k) plan?

401(k) plans are approved as qualified retirement plans by IRS. Since you can understand through the name itself, solo 401(k) plans are developed for individuals. Beneath this plan, a self-employed person may make contribution both as the employer and even the employee so the contribution limitations are extremely high in this plan. And so by simply opening up this type of account you will get significant tax plus saving advantages as contributions to solo 401(k) plans is 100% tax deductible.

Who is eligible to invest in a solo 401(k) plan?

Solo 401(k) is made for individuals who are self-employed or simply own a small-business corporation although do not possess full-time employees apart from your partner. Just in case, you have a part-time employee that works less than 1,000 hours a year, you can still invest in a solo 401(k) plan. Yet, if you're planning to hire employees soon, you can not select this plan.

How much contribution can you make in a solo 401k plan?

Depending on the new 2012, solo 401(k) rules, a individual who is not yet of 50 years can make a max contribution of up to ,000. But, those who are above 50 years can make a contribution of up to ,500. The yearly contributions are flexible in nature that means your contribution can be increased, decreased or even stopped on a over the years basis.

When could i get access to my investments in solo 401(k)?

As with any other retirement plan you are supposed to stay invested till you reach age 59 1/2. If you take out early you'll be slapped with an early withdrawal penalty of 10%. However, there are specific acceptable hardship instances for withdrawal on which no fee is applied. You're able to take out early as well as penalty-free for purchasing your first home, to fund higher education, to make payments for stopping eviction or foreclose to pay for the expenses in case you suffer sudden disability.

Would my investments be taxed?

Under a normal solo 401(k) plan your money grows tax-deferred. Although, your hard earned money will be taxed during the time of withdrawal. But in case, you go searching for a Roth version, you'll have to put in after-tax amount now, but yet your money will still grow tax free. In the Roth 401(k), your money is therefore not taxed at the time of withdrawal. The Roth version is sought after by those who expect that the tax bracket may grow substantially at the time of withdrawal.

Am I entitled to loans with my solo 401(k) plan?

You are allowed tax free loans with a solo 401(k) plan. You could take a loan almost half of the total value of the solo 401(k) still up to a maximum of ,000. It is among the key benefits of solo 401(k) plans as IRS principles do not permit loans with IRAs, SEP IRAs, or Keogh (Money Purchase/Profit Sharing Plans).

How can I initially fund my solo 401k plan?

As in the case of self-directed IRA LLC, to fund the solo 401(k) initially you might rollover funds from previous employer 401(k) plans, traditional IRAs, SEP Plans,

Money Purchase plans, Profit Sharing plans, Keogh plans, Defined Benefit plans, 403(b) plans and also rollover IRAs on a tax-free basis. This could be achieved through setting up a Trust account for the solo 401(k) and after that directly transferring the funds from the present Custodian to the trust bank account. You can open the trust account at any local bank or credit union.

Can anybody assist me set up and so control my account?

Handling 401(k) plans require considerable amount of paperwork. In case your account balance is much more than a specific amount, you would definitely need to file a special tax return.

You can find number of financial advisory companies which can help you establish and moreover administer a solo 401(k) plan affordably and conveniently. Select a reputed company that guides you about the implications of opening a solo 401(k) plan and so make it easier to derive top benefits out of it.

Thursday, August 9, 2012

Why Scholarships Are Important

Scholarships are the amount of money that is given or cut in fees of students on some spatial basis. Various institutes all over the world provide scholarships for students, based on performances in exams or in some other cases as arias, finance or family backgrounds.

Scholarships are the financial help to the students for their studies. Most of the time scholarships are given based on performances. It is a kind of reward for brilliant students as the reductions of fees or direct financial help. Institute provides scholarships to uplift the level of education and to make it easy for brilliant students to get higher education at low cost.

Higher education is getting more and more costly now a days. Sometimes it gets even out of reach for a certain class of people. Scholarships provide the opportunity to the students of those classes to reach up to that higher education, without caring about big amounts of fees. Sometimes students have to earn money for their own expenses besides the fees of the institutes, in such cases scholarships helps a lot.

In countries, where higher studies are not world class, students tends to go abroad for studies, sometimes because of differences of currencies it becomes a big problem for them, most of the world class institutes provides scholarships for outsider students on the basis of certain exams which help students study abroad. Most of the excellent engineering, medical, business, arts and other institutes provide scholarships. As in U.S.A., all big educational institutes have scholarships for outsider students as well as excellent home country students.

Not only for higher level, but for now almost every educational institute has scholarship programs in different forms. Those programs help in raising education level and provide opportunity for performers. Almost all governmental institutes have scholarship programs to help performers in which government provides money to feed excellence in the country. World over big educational institutes have various scholarship programs and now it is a regular phenomena for all kinds of institutes.

Besides performance in examinations there are some more criteria in which scholarships are provided as there are scholarships for handicaps, scholarships for poor students, scholarships for military background students, scholarships for outsider students and scholarships on the basis of personal earnings (students without financial support of any kind).

Scholarships are always given to certain students on some spatial basis; there are three basic reasons for it:

Giving reward to performers so performance is appreciated and others are given motivation to perform.

Helping students, which are financially incapable, but academically excellent.

Honoring some families from spatial backgrounds (as in military)

Scholarship is a very good system for studies as now importance of studies, spatially higher studies, is regularly increasing. In such case, if there are students, which have excellent qualities but are unable to pay heavy fees, will not be able to study than it will be a big loss of human resource. On the other hand scholarships provides motivation to all kinds of students and establish the importance of studies.

Equipment Finance - Finance New Or Old Business Equipment

When the requirement to buy new equipment arises, equipment financing is an alternative every industrialist and business owner should consider. There are many aspects that make equipment financing a more useful and attractive options for your company. The choice about the type of financing necessary for new equipment may need some cautious financial analysis of the tax status of your business equipment finance, cash flow and internal rate of return. The main alternative in influential the best financial alternative is the utilization rate of the equipment.

Equipment financing with a lease is frequently a more attractive option than an outright sale. Buying equipment is expensive and causes a huge drain on liquidity especially if you are a start-up or a small business.

Leasing is a method of funding wherein the funds remain in the business rather than being tied up in depreciating assets. It also has normal repayments to meet your cash flow and budgetary requirements over a predetermined time phase. It is a cost effectual option to paying cash, giving you financial suppleness and serving you to address changing technology needs quickly. The important thing to keep in mind here is that the use of equipment in the business which produces profit and not ownership.

Whether it is office equipment, industrial equipment like plant and equipment or software all of it is qualified for equipment finance. By virtue of enhanced purchasing power and flexibility, payments become affordable and you can obtain the best equipment available as well.

Since the helpful life of the equipment is in consonance with the lease term, it eliminates the need for a down payment which means that you get 100% financing for your purchase. It also frees up the capital which can be used for extra working capital which every new or rising business needs. The 100% financing option includes service additions like setting up, preservation, and other services required for your equipment to function correctly. With the lower, fixed-rate payments of an equipment lease, not only are you're secluded against price rises, but it allows you to financial plan and forecast with greater confidence.

You can use the equipment as much as you require without the hassles of ownership, reduction issues or worrying about equipment becoming obsolete.

However, the most attractive advantage of equipment finance remains the tax advantage where 100% of your lease sum can be deducted as a business expense. Thus it is seen that frequently the piece of equipment being leased is cheaper after taxes than simply buying the item outright with a customary financing option.

Wednesday, August 8, 2012

Mortgage Loans For People With Bad Credit Have Higher Approval Rates

Applying for loans used to come down to a simple case of having a good enough income to make the repayments. Bad credit was something that damaged approval chances due to the increase of risk applicants with bad credit posed. But now, bad credit does not have such a negative impact, with mortgage loans for people with bad credit commonly available.

Despite the increased risk, applying for bad credit mortgage loans is possible because there are lenders who specialize in such financial issues and offset risks these loans come with. This may mean higher interest rates being paid, but crucially bad credit history does not leave the applicant hopeless.

Then reality is that credit ratings relate to past facts and not to the current situation that a borrower may be in. So, mortgage approval with bad credit is available, despite the perceived risks that are associated with such large loans granted to bad credit borrowers.

The Significance of the Debt-To-Income Ratio

An application for mortgage loans for people with bad credit is not necessarily based on bad credit history, but is mostly based on the debt-to-income ratio. The ratio is a summary of the amount of debts the applicant has accumulated before making the application. So, even if applicants are carrying the burden of bad credit, their mortgage is still possible because of the dept-to-income ratio is at a health level - usually lower than 40:60.

Take for example two applicants - the first with good credit and the second with bad credit - who apply for a bad credit mortgage loan. The first has good credit but may have too many debts to be comfortably able to handle any more. Lenders will reject his application. The second, on the other hand, has a bad credit score but little existing debt. Lenders approve his application because he has sufficient excess income to cover the repayments comfortably.

The debt-to-income ratio is the key element when seeking mortgage approval with bad credit. A person looking who cannot deal with the financial responsibility, regardless of their credit rating, will lose out.

The Advantages of Bad Credit Mortgages

Although these loans come with high interest rated and other poor terms, mortgage loans for people with bad credit have their advantages. One of the chief advantages is that it provides the borrower with a chance to improve their financial status and credit rating - as long as they make repayments for the bad credit mortgage loan consistently and on time.

As a result, getting approval on loans with bad credit in the future will be less difficult. Not only that, but the interest rate applied and general terms improve as the credit score improves, as well as the ability to negotiate with the lender for more flexible special terms when seeking mortgage approval with bad credit.

Online vs Traditional Lenders

When finding a lender, the first target for a mortgage loan for people with bad credit are usually traditional lenders, like banks. But though they are easy to access, they are the least accommodating, with the strictest terms and conditions anyone can expect. The fact is that approvals of bad credit mortgage loans are quite low, making it not the ideal option.

However, online lenders are much more accommodating to bad credit applicants, and provide mortgage approval with bad credit more readily than traditional banks. In fact, these types of loans are a specialty of lenders online, so the interest rate is extremely competitive.

Though getting a mortgage loan for people with bad credit is generally more difficult that getting a loan with excellent credit ratings, approval is certainly possible if aspects other than the credit score are favorable.

Tuesday, August 7, 2012

All You Need To Know About Mainframe Operating Systems

Mainframe operating systems are sophisticated products designed to provide a comprehensive and diverse application-execution environment. They make efficient use of system's various resources to effectively process huge amounts of data. They are designed to do highly complex enterprise-level operations easily. They also manage heavy-duty hardware infrastructure efficiently.

There are many types of mainframe operating systems, each for a specific type of enterprise or operation. The popular ones are z/OS, z/VM, z/VSE, Linux for z series and z/TPF.

z/OS operating system
z/OS is a highly secure, scalable, high-performance enterprise operating system from IBM. The current version of z/OS is an upgraded version of OS/390, which evolved from the MVS operating system.

Started as an OS to process only a single program, z/OS evolved into an OS that can handle thousands of programs and users simultaneously. z/OS has some basic recovery, availability, and serviceability (RAS) features that have been core components for decades.

z/VM operating system
z/Virtual Machine is a widely installed virtual machine operating system for mainframe computers which enables commercial use of virtualization.

z/VM is a kind of meta-system that can host other operating systems by providing them each with their own virtual machine. The two major components of z/VM are the Control Program (CP) and the Conversational Monitor System (CMS). While CP artificially creates multiple virtual machines from the hardware resources, CMS is an OS that runs on such a virtual machine and provides interactive user interface and runs applications. z/VM coupled with CMS is a popular system that enables interaction with large number of users and applications.

z/VSE operating system
z/Virtual Storage Extended is the most commonly used operating system for small mainframe machines. Originated as Disk Operating System (DOS), it was the first disk-based OS introduced for mainframe computers. Later DOS became DOS/VS, then VSE/SP, VSE/ESA, and now z/VSE. This OS a provides smaller and simpler base for batch and transaction processing.The design of z/VSE is good for routine production work that consists of multiple batch jobs and transaction processing.

Linux for z series
Linux for z series is often referred to as z/Linux . Few characteristics of Linux for z series include use of traditional disk devices like Count Key Data (CKD) and San connected SCSI, thus it prevents sharing of data with other mainframe operating systems.

Unlike other mainframe operating systems, Linux does not use 3270 display terminals. Instead, X-Windows are standard for graphical interfaces in Linux. Further, Linux operates with the ASCII character set, rather than the EBCDIC character set used on mainframes.

z/TPF operating system
z/Transactional Processing Facility is a special kind of mainframe operating system used for processing very high volume transactions. z/TPF is popularly used by credit card and airline companies. Once called Airline Control Program (ACP), the current version of z/TPF has been extended several times to process high volumes of transactions at higher speeds for very large systems. The OS is capable of handling tens and thousands of transactions per second without interrupting the system's availability.

Monday, August 6, 2012

Get A Home Loan With A Poor Credit History: Tricks For A Successful Search

As many potential home buyers are aware, a person or couple's credit history is one of the most important factors considered when a bank decides to grant a home loan. With a poor credit history, that is, one that includes late payments, defaults, bankruptcies, CCJs, etc., finding any loan is difficult, not to mention a home loan. Therefore, people in such a situation need to look beyond traditional lending options and instead search out a bad credit home loan.

What Is a Bed Credit Home Loan?

Typically, home loans that are given to borrowers with poor credit are given with some important terms. The first, and most damaging, is a higher interest rate. Also, these loans also will carry much tougher terms in the case of late and missed payments. Fees may be higher and penalties stiffer if the borrower with bad credit should not be able to fulfill his loan obligation.

In these cases, taking a true and detailed stock of your current financial position and comparing the offers of several bad credit lenders are essential. Getting a home loan with bad credit is certainly possible, but the path towards doing so can be tricky.

Pleading Your Case and Getting a Loan

Not all borrowers with poor credit are created equal. In many cases, the circumstances that led to the drop in your credit score are out of your control. Depending on this situation, the process of getting a home loan can be much easier. However, you will need to be honest with your lender about why your credit is poor and what steps you have taken in order to remedy the situation. A sudden job loss, for example, can hinder one's ability to repay loans, but once you are back to work and earning good money, the same circumstances are not in place and you become a better loan candidate.

In that same breath, you will need to prove to the lender that you have the financial ability to repay the home loan you take. This can be accomplished in a number of ways. First, you must obviously go through the typical loan application process. You should also draw up a detailed budget that shows how much money you will have free each month so that you can repay your loan. You may also consider gathering letters of recommendation from colleagues, bosses, etc. that attest to your reliability and responsibility. Basically, you want to go to whatever lengths necessary to prove that you are able to repay your home loan, even though you have bad credit.

Home Loan Comparison

The other important step that you need to take in getting a home loan with poor credit is to comparison shop for the best deal. Generally, traditional banks and also credit unions will not be very keen to work with you if you have bad credit. Home loans are therefore easier to get online through bad credit lenders. However, not all online lenders are created equally, so you will need to be sure to talk to several different agencies as a means to compare the deals that they offer.

Once you have all your offers laid out, look at the fine print of each loan. Notice not only big numbers like principles and interest rates, but also notice fees, penalties and other terms. Once you lay all of the details side-by-side, the best lender will be easy to spot.

You Can Get a Home Loan with Bad Credit

Though the process is certainly not as straightforward as many would like, to get a home loan with a poor credit history is certainly possible. Make sure that you are prepared to talk to not just one, but several lenders and that you are ready to take on the responsibilities of owning your own home.

Essential Information For Equipment Leasing And Finance

Are you planning for to get equipment finance for your business?This article presents essential information for businesses that plan to apply for equipment lease financing. Read carefully, follow the details given below and avoid unnecessary complications.

Equipment Leasing is opposed to straight financing. It is an alternative financing method to acquire needed business equipment. In real essence, you only pay for the depreciation of the equipment over a given time frame. At the end of the lease you either purchase the depreciated asset or trade it for a new lease and new equipment. It allows a company to hold on to valuable cash capital and use the profits the equipment generates to pay for itself over time with added tax advantages.

What is a typical business mind-set? It will always say that equipment leasing is for companies that are short of capital. However, research would indicate that even the largest of companies use leasing finance to guarantee fixed costs and access essential equipment. Along with this you also get either corporate or personal guarantees. A corporate guarantee means that if the lease goes into default, the leasing company can take possession of the equipment and liquidate it to settle the lease balance. A personal guarantee is identical to a corporate guarantee except a person's property may be used to satisfy the lease balance.

With regard to leasing payments and purchase, the monthly payments are lower. At the end of the lease term, a single payment is due that equals several months of combined payments. On the other hand, a lease purchase is financing the equipment by any other name. It allows the business to deduct the lease payments from taxes as a business expense. Also equipment depreciation can be used as a tax deduction.

In many cases it may possible to lease any type of equipment without the need for a deposit or extra security. Few of the benefits that you will be enjoying with equipment finance is that no funding is required, payment terms will be flexible and transaction speed is great,most popular being is cost.

Saturday, August 4, 2012

Certified Vs. Non-certified - What Is The Best Used Car Option?

When purchasing a car, we have three options new, certified pre-owned or non-certified used car. We all know that purchasing a new car is always better. Still, not everyone can afford to buy a brand new car. Those who cannot afford a brand new car and are looking for one that is used are often confused by certified versus non-certified options. If you are one of them, read through this article to make a well informed decision that meets your personal needs.

Certified Pre-Owned (CPO)
Pre-owned vehicles that are thoroughly inspected and reconditioned to meet the required standards of certification are referred to as "certified pre-owned". Depending on the authority of certification, they are again classified into two types manufacturer certified and dealer certified.

Manufacturer Certified: In a typical manufacturer certification program, used cars which are less than 5 to 6 years old or with less than 60,000 to 80,000 miles are selected, tested, repaired, and finally verified to make sure that they meet the manufacturer's standards. Cars that meet the manufacturer standards will be certified and backed up with warranties. Cars with suspicious history and serious flaws will not be considered for this program.

Dealer Certified: Pre-owned cars will undergo the same procedure, but the only difference is that they are not certified by the auto maker. With help of some expert technicians, the dealer does all verifications and reconditioning programs and certifies it according to his own standards. He too will provide some warranty called as dealer warranty.

Non-Certified Pre-Owned
These are the vehicles that are generally sold by private sellers or by the car owners themselves. The main thing that attracts people to buy these cars is their low cost. But in reality, they pose significant risks and the underlying costs after purchase are innumerable.

Advantages of certified cars
Manufacturer's certification increases its value and gives peace of mind to the consumers
Inspection includes a list of 100-160 things which are checked and verified by qualified mechanics. So, no need to spend extra bucks on repairs and inspection
Comes with warranties and other additional benefits like roadside assistance, trip-interruption insurance, free maintenance and so on
Finance facility is also available, so that you can buy the car in easy installments
Authorized dealers offer wide range of models to choose from

Bit expensive compared to non-certified cars
High interest rates in finance compared to new cars

Pros and Cons of Non-Certified
The only possible advantage of these cars is their low price. There are many disadvantages.
No certification or inspection. You need to spend money on repairs and reconditioning which is an additional expense
No warranties, no service related repairs, no additional benefits
No finance assistance
Vehicle history remains unknown, hence increases the risk of getting lemons
Limited choice

Making the Right Choice
After observing the pros and cons of certified and non-certified cars, you might have got an idea on what is worth purchasing. Though CPOs are a bit expensive, benefits like manufacturer warranty may outweigh their prices. However, it is often advised to prefer a manufacturer-certified to a dealer certified car as the factory certification program is more reliable than the other.

Do Your Research
If you have decided to buy a CPO, check for the dealerships which offer maximum product range at best prices in the market. You can check their websites for inventories which are listed with used cars for sale. Choose a reliable dealer and pick a car that matches your requirements. Finally, check for the actual inspection report to have a better idea on what exactly is being checked and reconditioned. Also make sure that the Vehicle Identification number (VIN) on the report matches the number on the car. Ask for a test drive to feel more confident about the car's condition. Also remember that authorized dealers offer best products at better prices than the rest.

Certified pre-owned cars are becoming more popular among all the classes, as they provide huge benefits. However, make sure that you approach a reputed dealer to get the best value for your money.

Friday, August 3, 2012

Commercial Trailers Clearance Sale, Deferred Payment Program

As potential buyers have been disillusioned by higher gas prices, food cost worries and personal housing problems, the lenders with their own excess inventory problems have also come up deferred payment programs as an incentive for the prospective buyers. As an additional dealer/lender incentive, an original down payment is required from the customer but the second payment may be deferred up to 75 days, for a selected inventory group, Check out an example below:

Your have access to this great opportunity from a Dealer/Lender on their special off lease and repo program. Lessees can maximize their earning potential by deferring your first payment after funding for no less than 60 days. Gives the customers an opportunity for even more earning potential in the first months of their lease!

Here's how it works: Lessees choose an asset from the list that is available from the dealer. Complete all normal documentation for funding and submit it to the lender Complete a special addendum and submit it as a part of your documentation package. Complete the above steps and you are able to push out their first payment after funding for at least 60 days (up to 75 days, depending on date of funding). Take advantage of this unique opportunity now. To be eligible, the deal must fund by July 31, 2008.

When you pick up your equipment, you will drive off with a 0 fuel card in their pocket! Program Benefits for All Lessees and Assets

Waived processing fee - processing fee means only the first payment is required in advance .

Start-ups and challenged credit commonly approved on all equipment types. All ages and types of companies are eligible for approvals on the inventory, including start-ups and proprietorships for over-the-road trucks and trailers and forestry equipment First payment in advance only, Documentation and up-front payments must be received by July 31, 2008.

Extend the term length for lower monthly payments. Extend the term length for a lower first payment due in advance.

Take advantage of these specials today! As you see from this example, these concessions could sway the buyer for making a consideration for this program. No payments up to 75 days can be a stimulus to a sagging sales force. Additionally, other lenders are giving away gas cards as well to entice the deals. First Payment Only programs, no payments for 75 days, 60 months to repay regardless of age, favorable buy out clauses, easier credit qualifications, prior bankruptcies waived, additional co-signors ok, and start up businesses welcome are just some of the changes the dealers must consider to get the buyers' interest.

The type of items we are going to identify as potential deals for the customer are the following types of trailers:

End dump, bottom dump, side dump, belly dump, pup, flatbed, refrigerated, dry van, dump deck, live bottom, gooseneck, drop deck, utiltiy, wabash and great dane

In conclusion, this is a buyers market for commercial trucks, trailers, and construction equipment. Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur.

Happy hunting for your acquistion.