The neighborhood of Brooklyn, New York, is not swamped by cars with Iowa license plates already. This is primarily because Iowa’s Department of Transportation has cancelled more than 450 car titles and registration that were obtained using fraudulent information with cheap auto insurance in Brooklyn last September. These cars — mostly with Linn County and Polk County plates — are causing congestion at the Ditmas Park West neighborhood for the past 3 years.

Maxine Plotkin, who is a 40-year resident of Ditmas Park West, said, “Iowa stood out blatantly in New York City. There are fewer now. I think what they did was transfer a lot of them to New Jersey plates.”

The president of Ditmas Park West Neighborhood Association and a lawyer in Manhattan, Joel Siegel, thinks that the cars are causing problems associated with car rental businesses using names such as 25 Dollar Car Rental, Elite Car & Truck Rental, Rent 4 Less, 123 Go Rent A Car, and Econo Rentals. Read More →

In a survey conducted, the results showed that 52% of the Britons who took out a loan admitted they did not know the meaning of a loan and 84% are not keen about the Terms and Conditions prior to signing a contract, the Money Advice Service said. Is it really important to read them? Are they insignificant? Or you just signed a document that will make you regret? The answer is: You risk your life without paying attention to the small print of a contract like taking out a loan.

payday loans

During The One Show, they tricked people to lend their cars to Matt Baker and the rights were given at Glasgow streets. They offered free drinks while the people are signing the contract. This is a clear indication that they signed even without reading the Terms and Conditions. Also, majority of the people do not actually read, this means that they have not understood the contract even after signing. In fact, only 16% are paying attention to the contract including the small print prior to signing. Of the total 16%, only 17% of them have understood the jargon used that may cause catastrophic consequences in the future especially when they were not able to manage repayments.

The worst struggle about this matter is the payday loans or short-term loans. Imagine, the client fills out a one-page application form only claiming that they do not charge hidden fees and their rates are clear. Also, what makes this even more difficult is that the application process can be done online in just minutes. This strategy of payday loans will make the matter worse, this will lead clients to not pay attention to the details, their attention will focus more on the fast, easy and accessible option to get the money they need. As a result, they are not aware that the interest rates are too high; they can be in too much debt before they knew it. Read More →

Most people usually assume that you need to have a lot of money to start a business.

In fact, with just as little as 5,000 pounds, one can already start up a business. But of course, this would largely depend on the nature of the business, its owner, and how they spend their money. Note that many entrepreneurs succeed with money even less than 5,000 pounds. It’s just a matter of loaning money from a credible lending institution such as pay day loans UK by Uncle Buck and repaying them once you have returns. Read More →

In the last seven years, consumer debt reached the highest level. This is an alarming news as it sets a new debt record for the Britons, the borrowing on loans, overdrafts and credit cards hit over £1.25bn. The Bank of England released this new figure and the National Debtline said that is a worrying increase of the people’s dependency on credit and they warned that the figures will surely rise when 2015 starts as credit card bills are going to be sent. Credit card companies and banks are improving marketing strategies to attract customers both old and new to spend more. However, it cannot be denied that these lenders charge very high interest rates and hidden charges, as a result, the people are going to be in for more trouble.

This has become a shocking news especially for the Financial Conduct Authority (FCA), with about £1.25bn debt, the agency is set to investigate banks especially the credit card companies that are making aggressive marketing strategies and pushing for “plastic payday loans”. The £1.25bn increase referred to as unsecured borrowing in November of 2014 is the highest since February 2008 when the nationalization of Credit Rock happened to hold the credit crunch.  In just one month, over £980m of overdrafts and loans was recorded and for July-December 2014, the average credit is £728m.

One of the factors for this credit record high is the sale during Black Friday but compared to November 2013, there was an in increase of 6.9% in November 2014. This means that this year’s record is not only due to the sale season of the last quarter of 2014. Another reason for this high rate is the marketing strategies made by payday loans like QuickQuid where the services are fast and easy, the borrower can receive the money after ten minutes. There are many online payday loan lenders but not everyone can serve the customers fast like this company and other major lenders.  These and many more strategies developed by lenders are some of the factors why consumer debt is increasing. Read More →

More often than not, we would prefer to choose the safest way in order to optimize or earnings, most especially, with the current inflation and the market changes that we have to keep up with. For you to be able to achieve that goal, your IRAs have to be diversified.

Gold IRA accounts are similar to that of a regular retirement plan. There are actually various companies that offer diversification of your retirement accounts through gold and precious metals. What you would usually get is an IRA that offers different options for better earnings and more convenient choices for responsible savers. This article would enable you to learn more about gold IRA rollovers.

learn more about gold IRA rollovers

The prices of gold are typically near the product’s average costs and are usually below the margin cost of production for most parts of its supply. The basics about gold themselves are a reason enough that you should decide to acquire it. You shouldn’t fail at purchasing such asset below its value for replacement. Currently, gold is around the incremental production costs.

Having a variety and diverse portfolio of IRA is recommended to reduce the risk losing unstable assets. With gold IRAs, the value won’t depreciate compared to stocks or bonds. Even if the economic status is still unstable, you are assured that there will always be gold buyers. Note that gold is responsible for protecting our economy from inflation.

Even if you don’t withdraw money from your retirement, your 401K will still give you different kinds if investment fees that include managing fee and administration fees. Although you do not pay taxes on 401K retirement plans, you will be taxed when you make a withdrawal; and tax from these withdrawals is usually higher than gold IRAs. This is primarily because the IRS collects 28% tax on the capital gains from your gold. Moreover, the rollover on 401K account has no implications on tax.

Gold also has been proven and tested to keep its value through the years. More often than not, it is usually valued as the wealthy men’s commodity and is linked directly to preserving wealth. It is known to keep its value even if there is economic crisis. This is primarily the reason why during times of financial instability, people invest more in gold and precious metals.

The reasons in gold investments are evident and constant. The right time for investment is at any given time. As what this article stressed out, today would be a perfect time to for an IRA rollover.

When you think of retirement, you are most probably focused on meeting your savings goals; however, are you paying particular attention to your credit scores? It can make a huge difference. With good credit scores and best credit repair, you will have better flexibility as soon as you retire.

If you don’t have debt as you enter retirement, you are in a better track compared to most Americans. If you have debt or have bad credit scores, then you must work to improve them before retirement.

April Lewis of Consumer Credit Counselors in Fort Lauderdale, Florida, said, “We counsel a lot of people who find themselves carrying large debt or having a low credit rating coming out of years when they were helping their children through school or using credit cards or home equity loans to get through bad times. It is really important to get their credit rating in line before they retire because many will be on fixed incomes, and a bad credit rating can really limit their options.”

best credit repair

Having a good credit score is like having an extra card at your side during those times when you are moving your fixed income to your retirement money. Not only will it give you extra money, it can also give you more flexibility during the times that you need it most.

A good credit rating can give you access to cheaper insurance rates. More often than not, car and home insurance plans utilize them to set premium prices just for you. Bad credit scores only means that you will get charged more because of an increased failure rate of repayment.

Aside from that, good credit scores will also provide you better access to loans and lower interest rates. Thus, it would be easier to repay a mortgage or negotiate lower interest rates from credit card companies. According to Lewis, “If you are looking to start a small business in retirement and plan to finance it, a bad credit rating could stymie your plans.”

Moreover, landlords also look at credit scores when they are deciding whether or not to rent the place to you as it would serve as their evidence that you can pay rentals on time. Also, if you decide you want to work when you retire, bad credit scores can turn off potential employers. “In recent years, even retail outlets have begun checking credit ratings of prospective employees to weed out people they fear may be risky,” said Lewis.

An alternative source of financing has been the new trend in the financial sector recently. There have been innovations that target different financial instruments that aims to simplify the process of borrowing and lending; thereby helping businesses achieve their financial goals.

A new source of financing, such as guarantor loan, has become increasingly popular especially after recession which resulted in the failure of various banks. Today, financial institutions have stopped letting risky individuals and ventures borrow money; thus, the large population falling outside of the traditional channels of finance.

Peer-to-peer sites are the famous one among these sources; as a matter of fact, many call them as the next-level banking. Let’s take a look at how they are being put up.

Equity-Based Crowdfunding as an Emerging Alternative to Business Funding

Equity-based crowdfunding generally pertains to business startups and new companies that generate funds by offering equity for money. In this scenario, the company generates funds through online database and doesn’t tap the primary capital industries. In this case, the crowdfunding platform serves as the “middle man” between the company and the investors.

Business Loan Financing via Peer-to-Peer Platforms

For many businesses, banks are their primary source to acquire loans or to generate a working capital. However, most banks would want collaterals for security which is difficult for small businesses, especially those who are in the service sector. In addition, banks often charge higher interest rates to smaller companies compared to big establishments; as they view their loans as too risky.

Online peer-to-peer sites aim to connect lenders and borrowers; thereby eliminating certain fees. Borrowers will then have a good option to increase their funds according to the needs of their business; most of the funding, do not require collaterals and offer much lower interest rates — lower than that of banks.

Personal Loans through Peer-to-Peer Platforms

One of the most popular products of Peer-to-Peer platforms is personal loans. These types of loans are usually used for various purposes including wedding, home renovation, vacation, and even paying for credit card balance. These loans are often good sources of liquidity. Their downside, however, is that they contain high interest rates and may cause you financial burdens. With Peer-to-Peer platforms, you can borrow money for personal use with much lower interest rates. Aside from that, it also does away with the costs of operations that most banks include in their service fees.

Those are just some of the platforms that are supported by these peer-to-peer sites. Note that interest rates vary depending on the type of loan you wish you acquire. Loans that are made available depend on the interested lenders as well.

Recently, Yahoo released their 2014 earnings report; this is the company’s investment in businesses that includes mobile, native, social and video. All in all, they delivered revenue amounting to $1.1 billion that represents a 95% increase year-over-year. Also, Yahoo reported a gain in the mobile industry, generating revenue in the last quarter of 2014 of $254 million and for the whole year of 2014, it had $1.26 billion revenue. They said, their focus and mobile strategy had positive impacts to the company, it transformed into yielding significant results at the end of the year.

Yahoo listed several business highlights for 2014; this includes the acquisition of BrightRoll, an ad platform for programmatic video and their partnership with Mozilla in making Yahoo their default search engine in the desktop browser and Firefox mobile. They added that the partnership with Mozilla is the most significant in the last five years. They also noted a couple of new hires in the last quarter of 2014 and 2015; this includes Lisa Utzschneider, Senior Vice President and Kathy Kayse, Vice President of the Sales Strategy and Solutions.

Brad Gosse

Yahoo CEO Marissa Mayer

Yahoo reported they generated search revenue in the last quarter of 2014 amounting to $467 million which is 1% higher than the same quarter of 2013. For the whole year of 2014, their search revenue reached $1,793 million which is 3% higher than 2013. The gross search revenue of Yahoo totalled to $3,382 million for 2014 which is 14% higher over 2013. In the aspect of paid search clicks, they are up by 10% compared to 2013’s last quarter showing that the price per click increased to 7%. On the other hand, search revenue rose by 1% for the last quarter and 3% for the whole year from $1,742 in 2013 to $1,793 in 2014.

However, they had a 4% decrease in terms of display revenue year-over-year and quarter-over-quarter which is represented by these figures, in 2013 display ad revenue was $1,950 million and dropped to $1,868 in 2014. They were able to make up in the last quarter as it went up by 17% but their price-per-ad went down too by 20% year-over-year. Aside from their release of the earnings report, they released a statement on their plans of a spin-off that is tax-free with its remaining stake with Alibaba Group. They will transfer the remaining 15% in Alibaba into the legacy ancillary business at the same time distribute the new unit’s shares to the current shareholders of Yahoo. The target completion of the transaction is by the end of 2015.

From the summary of Yahoo’s earnings, the highest came from its mobile industry and this is a sign that people engaged in the Internet business can capitalize on this matter. To be knowledgeable on how to penetrate the market, you can learn from the experts during the BHW Conference. They teamed up with experts to share their experiences and impart their knowledge. One of the speakers is Brad Gosse; he is the Chief of Growth Hacker.

Though a binary option is fairly a new mean in trading on the financial markets, it has been a feasible industry to trade in. Out of the numerous binary options brokers, Banc de Binary is one of them that has lead that fast development of new financial trading items in the industry, which include the newest innovation of 60 second binary contracts. These short term digital options provide an immediate mean of making a return from trading and even has greater amount of payouts for trades compared to the more common broker options contracts. Due to this, a lot of investors are getting excited. There are now a much better and greater opportunities to make money thru binary options and creating a sizable trading income.

As an investment method, Binary option has an “all or nothing” investment which can be utilized to consider on the price trend of a broad range of monetary assets. The result for the trader at the end of the contract is where they got their name. You would either win the affirmed income for an “in-the-money” expiry, or lose the cash you utilized to buy the contract for an “out-of-the-money” contract.

There is a fixed income on an option at the outset and is being paid in any way of how further the asset rate has gone, given that the contract conditions are in place at its end. From many brokers, you’ll be able to gain an earning return of at least 65%, whereas a lot of the leading brokers will pay out incomes up to 90% should you be flourishing.

What’s exciting about the 60 second option isn’t only the short time period of the contract. Though it goes a relatively shorter time frame compared to most broker contracts, which are usually 15, 30 or 60 seconds, it is due to the addition income that enticed the attention of most traders. Rather than getting the usual standard industry payouts, through 60 second options you can gain more than 175% from many brokers for calling the market promptly. This shows a great premium for just predicting if the marker will go up or down over the next 60 seconds. Take note, it isn’t the size of the trend that you need to forecast, just the direction.

To gain great income from these fast tracked options, you will need a solid trading technique. A strong market trend is important if you want to avoid the volatility of the markets on such a short time period. The best times to utilize these short term contract are the busiest moments of the day, when the first opening of the markets, or following major news release. On these times of peak market activity they can be utilized to create repeated incomes by supporting the market drive. Multiple trades can welcomes in the direction of the trend until the directional momentum of the asset cost starts to collapse.

These days, credit monitoring is very essential to everyone especially when the cases of credit fraud are increasing. Every individual must take proactive means to safeguard his account. The initial steps that you must know are the credit monitoring facts and how it can help you.

The first thing that must be understood is how to protect your credit scores and reports from fraud. Today, the most common crimes are credit fraud and identity theft, these two can pose financial risks by stripping your power while the thieves are benefiting from using your information, both personal and financial for their gain. Then credit monitoring steps in, by subscribing yourself with their services, it can keep you strong at the same time aware of every activity happening in your credit.

Credit monitoring can help you in different ways. In case your personal information is exposed due to a data breach, credit monitoring has the tools to discover fraudulent activities that are happening with your accounts. It can provide you with the exact date, time and location of the unauthorized action, as a result, you can immediately inform the proper agencies and authorities. Most of the people think that credit monitoring is only beneficial for the victims of identity theft but it can also serve as an effective preemptive layer to protect the account holder from the daily financial activities.

credit monitoring facts

Fraudulent incidents in your accounts are very possible to happen, in most cases, card holders do not notice that they are exposing too much personal information. For instance, credit fraud happens due to massive hacker-attack, a personal error or a company employee made a mistake like sharing personal information on social networking sites. If these things are exposed, there is a big chance that credit fraud will take place. If you are a victim of credit fraud, most likely, you will be advised to subscribe the services of a credit monitoring company or if the company makes the mistake like data breach, they provide their clients with free credit monitoring for a period of one year.

Aside from credit fraud, credit monitoring can give you essential benefits. It is a useful way to track the payment activities of your account, you can keep an eye of the different payments that you must comply and verification from your lender that you were able to manage your payments on time.

Finally, credit monitoring helps to keep your credit score stay at a good level as this is the basis for your future financial plans like applying a mortgage or a car loan or even finding a new job.