Category Archives: Finance

Car Dealerships In Michigan That Do Business With Bad Credit Car Buyers

As Michigan residents crawl out of the recent recession there still seems to be many struggling to get the things needed to stay above water financially. Not only do you need a vehicle for your daily essentials, but a vast majority of residents drive over an hour a day for work. It has become a necessity for Michigan residents to own a vehicle, and many lenders and dealerships have opened up credit requirements for bad credit consumers to get approved.

There are many car dealerships in Michigan that do business with people’s bad credit auto loan guaranteed financing options for bad credit car buyers. Lenders understand the reasons of why many people have bad credit. A lot of that has to do with job loss, and the economy taking a hit a few years back. With the unemployment rate going down the need for poor credit auto loans has increased vastly. Lenders have developed programs allowing them to lend to high risk borrowers. While dealerships offer guaranteed approval, borrowers will fall into one of two types of programs; subprime loans or buy here pay here financing.

Subprime Auto Loans Can Benefit From Down Payment

Subprime loans are based more off of your credit score ranging from 520 to 600 credit score. Dealerships have relationships with third party lenders to get you bad credit financing. However, your interest rates are going to be slightly higher than those of a good credit buyer would be able to get. Most of these dealerships are going to require you to put 10 to 15 percent down on the vehicle. If you are able to put more down, it will only be in your favor to do so. The more money you put down, the less you need to finance saving you money at the end of the loan term.

Other Options Can Include In House Financing or BHPH

For buyers looking for the 1st time car buyer program or those with severely damaged credit scores, 519 and below for example, dealers have a program known as buy here pay here, or in-house financing. This program is based off of your income alone; already knowing you may have deeper credit issues. The dealerships themselves finance you, and you pay them directly with either weekly or bi-weekly payments.

With in-house financing, you will have to prove your income, DTI, and residency just as you would with subprime loans. The added piece of info is going to be references. You will be asked for four to six personal references such as friends or family members. They will not use your references to approve you for the loan, but will use them in the instance that you may default on the loan.

While you can drive from dealer to dealer searching for the best one, the online lending market has grown tremendously making shopping for financing competitive and affordable. Specialfi.net has a nationwide network of dealerships across the state of Michigan that you can be matched you with. These dealerships specialize in subprime and deep subprime lending and will work with you throughout your entire buying process. Simply fill out the online application and you could have your pre-approval within 24-48 hours and shopping for your new and used vehicle.

How Much Credit Do I Qualify For

When you qualify for a credit card, your bank will determine your credit limit, based upon a number of factors detailed below.

Credit cards offer individuals greater financial flexibility and improved spending power, by providing access to a line of credit on an ongoing basis. The amount of flexibility will, of course, be determined by your credit limit, which is set by the bank issuing your credit card. Credit limits are regularly reviewed, and can be increased or decreased based upon these reviews.

In this article learn more about how credit limits work, and the factors determining how a credit limit is set. This will give you a better idea of how much credit will be extended to you if you qualify for a credit card. Also be sure to explore the range of credit cards available via the Plastiq site.

What is a credit limit?
A credit limit is the maximum amount of money that you have available on yourcredit card account. For example, if your credit card limit is R5,000, you can spend up to R5,000 on credit before you reach the limit set by your bank. When you repay the credit youve used, or a portion thereof, the amount youve settled will be available to you once again.

Thus, if you repay R2,000 of the R5,000 spent, you will have that R2,000 at your disposal once again. If you settle the full amount, youll again have R5,000 worth of credit available to you. This is known as a revolving line of credit.

How will the bank determine my credit limit?
When you qualify for a credit card, your bank will set a specific credit limit for that card. This credit limit is based upon your credit score, which reflects your creditworthiness,the financial risk you pose to the lender, as well as your affordability. Hence, the better your credit score, the more credit youre likely to qualify for.

In order to work out your credit limit, the bank will require access to information pertaining to your income and your expenses. When you submit a credit card application, youll be required to include information relating to your current salary. You may also be asked to detail your monthly expenses.

Can I change my credit limit?
If you wish to reduce your credit limit, simply contact your bank and discuss your requirements with them. If, on the other hand, you wish to increase your credit limit, the bank will need to review your payment behaviour and affordability closely. Credit card holders who settle their balances promptly and maintain a good credit score may have their limits increased at the banks discretion, should they not be over-exposed already. By the same token, credit card users who practice irresponsible spending behaviour may have their limits reduced.

Contact your banks credit card division at any time to discuss your credit limit, or any other questions pertaining your credit card account.

Compare credit cards now and apply today to determine your credit limit.

Easy Steps For Development Finance

Development finance has made it possible to accelerate the velocity of development projects. The institutional lenders do finance a predetermined percentage of entire cost going to be occurred on a development project. This is considered as the most convenient way of finance these days, as the lenders are not much inclined to sanction the advances through strict corridor. The loan goes for a fixed period of time and borrowers have to pay off the entire amount in given period. Lenders allow the borrowers to repay their advances in either cash or equity.

Generally, the projects get delayed due to lack of money. In such circumstances, people look around for instant finance for their projects. Though such advances are sanctioned for hefty sum of money, lenders treat it in special reference. Development Loans are wholly meant to accelerate the development projects and when the project gets concluded, borrowers have to start paying those amounts including interest. Though the entire institutional lenders apply some basic processes to their product, but you would find some differences in their offerings caused by market force.

When it comes to the process of advances, lenders involve much customized steps in order to make you bag the amount in few days. You have to produce your credentials first. Lenders appear very keen to go through the entire information required to know about your credentials. After it, lender looks forward to know about the project for which it is going to finance. Depending on the policy, lender proposes sum of money liable to be repaid after a defined deadline.

There are some finance brokers in the market, who can ease your endeavor for development advances. If you don’t have enough time to invest in searching promising and lender who can offer affordable advances, you can get in touch with finance brokers who make your efforts easy and take you the required lenders and loans easily. Besides, they also tend to ease the documentation process with the help of their expert professionals. What you have to do is to submit your documents required for development loan. At pocket-friendly charges, the service providers make your project financed wholly within given time frame.

With the help of expert and experienced brokers, people are now well capable of fetching good sum of money for their projects. You can easily find such kinds of agents who do try to ease your efforts to sustain the velocity of your project development.

The Credit Card Hotline Assists You with Lost or Stolen Credit Cards

Want to know what a Credit Card Hotline is? How important it is to be subscribed to this kind of service? If you have a credit, ATM or a debit card, the truth is that you could be at risk. Thievery happens. Lost credit cards are happens daily; in fact, millions are reported stolen every year. And fraud is rising at an awfully alarming rate.

Do you have any idea on what you would do if your card got lost or stolen? What if you lost your credit cards while on a trip abroad? How would you hold others from using them? What numbers would you call? How long would you have to wait before your cards get cancelled? And how many fraudulent charges will be incurred with your lost or stolen credit cards?

Sure, the number to call for your credit card provider is conveniently set on the back of your card. That is until the credit card gets lost or taken. It’s very convenient to cancel your credit card the minute you realize its absence. That way you can calculate the difficulty before it starts by avoiding the requirement to raft with expunging malicious charges.

Credit Card Hot Line service is a card registry that protects you against possible fraudulent use of your credit and debit cards should they ever be lost or stolen. Once you inform the Credit Card Hotline with regards to your concern, the Credit Card Hotline will advise your card issuers to cancel the cards. The Credit Card Hotline service will also request that replacement cards be sent to you as soon as possible.

This is how it works, once the Credit Card Hotline service provider receives your call, we assume full responsibility for any fraudulent charges that may appear after the cards were cancelled. All the credit or debit cards belonging to your spouse and dependent children under 21 years of age, living either at home or away as students, can be registered.

Can anyone else access my card details? No. The Credit Card Hotline uses a very secured site. All the information that you have supplied online is password-protected and available only to you. Your card details are stored in strict confidence in our computer -generated system. Credit Card Hotline employees will only access your records if you request for a particular service.

Protect all your credit, ATM and debit cards in the event of loss or theft. Being a credit card hotline member, you will feel more secure knowing that 24 hours a day you can cancel your cards, stop unauthorized access and purchases, and request for new cards. Considering that all of these can be made with one toll-free phone call! And even better, you will be covered for any liability for which the issuer holds you responsible, and you can add cards or update your registration anytime.

Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.

We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.

We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.

On the other hand, we provide free services to significantly help to minimize the risks that are involved wIth negotiating with your creditors.

First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.

Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!

Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.

Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.

Our services are competitively priced- and include the above free services!

So, what is the best way to get out of debt? By knowing your options that list the pro’s and con’s of each program or strategy. Choosing a program without knowing the benefits and risks may cost you $1,000’s!

Guide To Buying Credit Card Processing Machines And Help Your Business Grow

A credit card processing machine allows you to do accept and process credit cards in retail stores. It is a very important thing to consider while running a business these days. Many people have switched from using money to credit cards. Money order and cheques are out of date. A majority of shoppers, nowadays, use credit cards and debit cards.

Therefore, your business must have the ability to process credit cards and do transactions. There are a lot of benefits while using card processing instead of handling raw cash. Without a proper credit card processing system, your business will lose customers.

The necessity of a card terminal

There are a lot to take into account while getting a credit card processing machine. There are different types of card terminals designed specifically for each type of business. A card terminal must be reliable enough for you to do large transactions.

A card terminal is very essential for business these days. The ability to accept credits cards is simply good business sense. There are a lot of benefits you get when you start accepting credit cards. These includes increased sales and lower costs, and therefore, more profits. Also, it increases productivity, and improves the flow of cash. A credit card processing system will also get you a bigger and better market.

What to look for

When you are buying a credit card processing machine, you should check that you are getting yourself a versatile and reliable service. Many businesses just start off with any card terminal they can find. However, a card processing service is not something that one should choose in a hurry. The payment in this method takes a long and complex route before it reaches the merchant. Even though it happens in just a few seconds, and might seem very straight forward, there are a lot to learn about a credit card processing system. With the right service, you can save a lot of money and make more profits.

Here is a list of things to look for:

Types of terminals

There are different types of terminals for different businesses. These are as follows:

Conventional Credit Card terminals

This type of credit card processing machine is the most common one. These are stationary terminals and work with a wide range of businesses. They come with or without printers. Many of them also accept debit cards and gift cards.

Wireless card terminals

Wireless card terminals are needed for mobile businesses. These are used by people who are constantly on the move, like a hairdresser or a cab driver. Even in restaurants, wireless terminals are used. When you get a wireless terminal, you need to make sure that your merchant service supports them and plans to continue them in future too.

Virtual card terminals

These are used all over in the internet business. These terminals are actually software that lets you contact your merchant account over the internet. It can also be customized to calculate taxes, discounts and automate recurring charges. If your business is conducted over the internet, then this is a good choice.

Other features

Other features that you need to look for in the credit card processing machine are as follows:
Keypad
External PIN pad
Display
In built printer
Magnetic stripe reader
Ability to read proprietary cards
Flash memory

Fix Wrong Information In Your Credit Report — Today

Other than eating, sleeping, and breathing, one of the most important things you should be doing on a regular basis is ensuring that the data in your credit report is accurate. That is such a simple statement, yet it is ignored by the vast majority of consumers, probably due to several factors, such as:

* Consumers seem to accept the fact that errors will -self correct- in a reasonable period of time, where in reality nothing could be further from the truth.

* Consumers don’t know how to find out if there is wrong information on their credit report, which impacts their total credit score negatively.

* Consumers don’t realize that having a low credit score (lower than what they deserve, if the information maintained by the credit bureaus was accurate) can impact a huge number of factors in their everyday lives.

* Consumers don’t realize that studies have shown that the MAJORITY of credit reports on consumers and businesses have errors and inaccuracies.

Your credit score is used by anyone loaning you money such as credit card companies, home loan lenders, auto loan lenders and finance companies. You need to find out what your credit score is before you talk to any lender in case there is something on your report that they may question. Your credit score is the actual number ranging from 300 to 850 that lenders use to judge your creditworthiness and the interest rate they’ll charge you. Having a credit score lower than what you actually deserve could mean the difference between getting approved for a loan or credit card, or being denied. If you are approved, a lower credit score can mean the difference of the lender assessing a 14% interest rate or a 6% interest rate, which can cost you hundreds and even thousands of dollars more at the end of the loan period.

The -big three- credit bureaus are required to give you a free copy of your credit report annually, or any time that you have been denied credit based on information that they provided to a potential lender. It may take some time to get through to the credit bureaus to request a copy of your credit report, but this is well worth your time to do so. Be sure to get a copy of it from all three of them, since some lenders only report to one or two of them. This means that the information on your credit report from one credit bureau is almost certainly not going to be identical to the data from another credit bureau.

If you notice any errors on your report, you should complete a dispute form with the credit bureau. When they send you a copy of your credit report, they will usually include instructions on how to file a dispute for erroneous or inaccurate information. Some experts say that if you are disputing say 5 different items, you should file 5 separate dispute forms so each one can be addressed specifically. There is some merit to that discussion, since the credit bureaus may view a dispute consisting of many items as -frivolous- and not take appropriate action to correct the information.

Under the Fair Credit Reporting Act, you can dispute information in your credit files with the three credit bureaus, and the creditor is required by law to verify the disputed information. You have the right (and indeed, the obligation) to dispute the completeness and accuracy of information in your credit files. When a credit bureau receives a dispute, they must investigate and record the current status of the disputed items within a “reasonable period of time”, usually defined as 30 days. If the information reported on your credit report cannot be verified by the creditor, the credit bureau is required by law to remove the information.

Check your credit report regularly, at least once per quarter. Even if the creditor misses that 30 day window, they can report the information again later, at which point when you see it appear again, you can (and should) dispute it again. Sometimes, for blatantly wrong information, you may want to contact the creditor directly and find out why they insist on putting inaccurate information on your credit report. Jon is a computer engineer who maintains web sites on a variety of topics based on his knowledge and experience. You can read more about Credit Reports and Credit Scores at his web site at Credit Reports and Credit Scores.

Bin Ranges List For Credit Cards

BIN act as one of the preventive measures developed to prohibit the credit card frauds. BIN stands for Bank Identification Number, which is now termed as Issuer Identification Number. BIN refers to the first 6 digits of a credit card.

Credit cards comprises of 16 digit number, where the first 6 digits plays an important role irrespective of the type of card held and the issuing authority and bank. The six digit number stands for the issuer’s identification in which the first digit represents and described as the Major Industry Identifier. The remaining digits of the credit card number which generally range up to 12 digits act as an identity for individual i.e. the card holders. Even though the credit cards are offered from the banking and non-banking institutions, they are generally issued through the exclusive network.

Bin also represents the institutions that issue the cards. Bin ranges list and regulates the credit cards issuance, starting with the same number for each card and every card issued by the respective institutions. For instance, Visa cards starts with 4. Majority of the issuing institutions print the first 4 digits of the card, i.e. the first 4 digits of the Bank identification number just below the embossed credit card number. It is extended for additional security.

For instance, if a Visa Credit Card, issued by Royal Bank of Scotland starts with 4147 as embossed on the card just below the embossment, the same digits are printed at the bottom left corner of the card.

The Bin ranges list for major credit card issuing institution includes the following:
*Bin ranges for Visa Card – Credit card numbers start with 4
*Bin ranges for Master Card – Credit card numbers start with 5, ranging from 51 – 56
*Bin ranges for Amex Card – Credit card numbers start with 34 or 37
*Bin ranges for diners club – Card numbers start with 36 or 38. However, there are few exceptions to bin ranges for Diners club cards, where the cards start with 5. In such case, it represents the ties between the Master Cards and Diners Club, and these cards are processed similar to a master card.
*Bin ranges for discover – Card numbers start with 6011 or 65
*Bin ranges for JCB – card numbers begin with 35

The above mentioned bin ranges list is provided in a narrow context of major credit card issuers, where the same can be expanded with respective issuing authority in association with other banking and non-banking institutions. For instance, JCB cards are issued by Korea Exchange bank, China Construction bank, Kookmin bank, etc. Similarly, master cards are issued by HSBC bank.

Bin ranges list of the credit card can be further classified based on the type of cards. It includes silver credit card, gold credit card, platinum cards, premium card, signature card, corporate card, etc. Each issuing authority along with the associated banks and credit card service providers offer different types of credit cards with different credit limits based in the bin ranges list.

Top 10 Credit Card Tips

The credit card has been one of the most popular inventions of this time, helping consumers acquire convenience and boosting consumer spending for the economy. However, credit cards have been exploited for the wrong reasons, and thus have become the main source of debt for many consumers. Thus, in order for credit cards to be beneficial, consumers would need to be well-informed on the proper usage of credit cards.

1.Pay off your outstanding balances each month

Rolling over outstanding balances will only result in snowballing debt. Credit card interest rates are amongst the highest as compared to other types of debt. With this, your cost of expenses is increased without any apparent benefit to you.

2.Transfer your high interest credit card balances to 0% APR credit cards

If your outstanding credit card balances are high, you should work out a balance transfer to other credit cards that offer introductory 0% APRs. This way, you can stagger monthly payments and pay off your credit card debt gradually without incurring additional interests.

3.Cut up high interest credit cards

Its time you evaluate your credit card interests, and cut up those that charge high interest rates, no matter how wonderful their reward programs at. At the end of the day, the rewards attained will not equate the additional interests incurred.

4.Be careful with your credit limit

As your credit limit may be 2 or 3 times greater than your monthly income, it can be fairly easy for you to overspend. Thus, when using your credit card, be sure that you dont charge more than what you can truly afford.

5.Check your credit card statements

Contrary to what you may believe, banks and credit card companies may make errors in their billing statements to you. Thus, it is best to have a habit of cross checking your credit card charges before making payment.

6.Automatic transfer payments

If your credit card is being used for grocery shopping, you can always arrange for an auto-payment with your bank to ensure that you always pay on time. However, you would still need to cross-check your credit card statements and make a complaint if you find any discrepancies.

7.No credit cards when window shopping

Do you have bad control over your shopping habits? If you are on a window shopping spree, it may be advisable not be bring your credit card. How else would you buy anything if you are out of cash with no credit cards? This is a good way to stop yourself from impulse purchases.

8.Be aware of your rights

Consumers are entitled to rights when it comes to making purchases. The government has set forth many guidelines for retailers in order to protect consumers. Thus, if you have paid for something which did not get sent to you, or if you purchase something that turns out to be faulty, you have every right to demand for a refund or make a report to the Federal Trade Commission.

Credit Card Do or Die With Card’s Privilege and Adversity

Credit card is a negotiable instrument like a check or a draft under banking regulations. Credit card is a financial instrument to order and take money from a banking account. The card is a monetary device to operate a bank account easily. Credit card is a token of identity as a bank account holder. So far, it is considered a bundle of checks and a pass book and a record of monetary asset of the credit card holder. Now, the credit card has become instrumental to the life and death of the card holder.

CREDIT CARD IS LIFE

No one will deny this statement. When you get a credit card, it is for life. Never the less, you can procure more lives; say, you can have more number of credit cards in your life period. The credit card company or the bank is willing to give you the card with a small annual fee. You too must have experienced in getting an annual fee charged in its first monthly statement of account

SURPRISE OR SHOCK

Even if you do not use the card in the first month, have a surprise and a shock to have a fine, an interest and a service fee charged. It is not the company’s fault, but the company’s computer has a command to do so. Please bear with such mischievous things. Be reminded that your credit card is for life.

RECURRING MISCHIEF

If you do not wish to pay the small bill, the computer will continue to make similar mistakes repeatedly to add up the unpaid installments, fines, interests and service charges. You will astonish to see the unerring functions of the computer in such cases. Do not think that you have not borrowed anything from the bank; think in the right way that you have borrowed to the extent of the credit card’s application or annual fee. Further that you have defaulted by not paying the installment worth card’s fee.

IT IS A LIFE EXPERIENCE

The credit card is helping in a big way. The account holder need not go to the bank every time to take money from his account. He can use the credit card to draw money from any of the branches of the bank and any where in the terrestrial world and even in the space on the net banking. Credit card is an instrument to buy goods in a department store, pay a dinner bill or buy any commodity available on the net. Be aware that sometimes you will be trapped in the net and could not come out with out spending a sizable amount.

BUY MORE AND GET MORE PRIVILEGE

While spending more, be cautious that the card is for your life. It will come with you till the end. The bank is helpful in extending credit limits beyond your imagination. They make you feel elevated and improved your credit worthiness. You will not see the officer face to face while offering the big loan. But you need to face all that comes after you understand that the interest swallows the principle money kept underutilized. If you feel that you were lucky enough to get more cards, then you will see that all these cards will play with your life more seriously.

PLAY WITH YOUR LIFE’S LIABILITY

These credit cards are for your entire life. You wanted to get a good recognition in the society and you cannot escape from these playing cards. They play with your life. You have been managing by manipulating the payments from one card to the other. The time gap between the withdrawal and repayment helped such manipulations. After sometime, it becomes difficult as the interest and fines engulfs the meager resources. Now that all the credit cards show unpaid debts, the problems turn out to be worsened. The income is declining while the interest and installments are increasing.

DO OR DIE – AN ADVERSE CONDITION

All the credit cards helped to find money so far, now play with your inability to pay back. The cards trigger a bad wave of insecurity and threaten to find a legal solution. Please avoid thinking about your death coming closer, when you recognize the credit cards’ unruly recovery methods. It is now detrimental and may lead to nervousness and fear of death.

CREDIT CARD DEBT CONSOLIDATION To escape from the disastrous condition, one needs to know about credit card debt consolidation and repayment by a special arrangement. You will find a way to live a life beyond the dangerous zone. Learn about the newer idea of consolidating all your debts under the cards and pay them out with a single loan and start repaying the new one with all the integrity to make a life worthy of living on this planet.

Pnk Guru is a Bank officer turned Businessman, a Business Strategist and a Versatile Freelance Writer now guides the youth to escape from the hardships of using credit cards.

Benefits Of The Sears Credit Card

The Sears credit card has more purchasing power than most people think. It’s not just for buying tires or batteries or even big screen TV’s. The card can do so much more, a closer look and you’ll see what I mean.

With a Sears credit card, you can buy other things such as tools, clothes, other electronics, shoes and things for the house. Whatever you see in the store can be bought and put right on the card so make no mistake, if your a little short on cash and you have the card, you can still purchase.

What Sears has done, was they partnered up with a major financial institution like Citibank, N.A. which gives them the chance to offer a wide range of offers as well as uses. Those who are out looking for a decent credit card might want to stop and have a look at the Sears card.

Anyone with a good credit history should be able to qualify without any problems and take advantage of any extras that come along with the current offer. Just to give a quick example, let’s say the current offer has a 0% interest or low interest on balance transfers.

For most consumers, they’re going to have to stop for a moment and check their finances to see if the Sears credit card will be a good fit for them. On the plus side, it is a convenience to be able to walk into a place, buy a different variety of items and if need be, put it all on the card.

Another plus about the Sears card is that you can use it at Kmart, Kmart.com, Sears.com, Sears Essentials, Sears Grand, Sears Hardware, Sears Auto Centers, Sears Hometown Stores, Lands’ End, landsend.com, The Great Indoors, and Orchard Supply Hardware, Sears Repair and Product Services, Sears Dental, Sears Portrait Studios, Sears Optical, Sears Flowers, AOL (for monthly provider fees) and Avis.

If your out there shopping around for the best credit card deal that will fit your budget and finances it’s always important to take the time to read all the terms and conditions. Especially if your opening up a new account, you definitely want to go over the benefits that come with a new account. Eventually you’ll come across the Sears card and then you can make comparisons.

It is possible to buy high quality goods at Sears or one of the other stores mentioned above and still keep your expenses low. One of the key things to keep in mind is that a credit card should be used as an aid rather than an anchor. And if you use the credit card responsibly you’ll find that it can come in handy, especially when your in a pinch.