Author: Richard Womack

For home, garden or apartment – sun protection on installments

by Richard Womack

 

 

The summer is undoubtedly the most beautiful season. The free light and the warmth of the sun are abundant and often make us sweat. Who now wants to equip his domicile with modern sun protection systems, not only keeps a cool head, but can also benefit from many favorable financing offers. Sun protection systems such as awnings and sun sails for outdoor use or roller blinds, slats and pleats for shading the interiors are equipped with the latest technologies and therefore not always cheap. But it pays to invest in good quality, because an efficient light and heat regulation can reduce the energy costs for air conditioning or heating both in summer and in winter and increase the well-being effect in the house . http://www.votelordi.org/is-it-unheard-of-a-simply-no-credit-check-mortgages/ for more.

Cheap sun protection systems

Cheap sun protection systems

External sun protection systems such as awnings or sun sails are exposed to particularly high loads from wind and weather and should therefore be particularly stable and resistant. As a bargain or discount goods they are therefore rare to find, because who buys cheap here, will pay in the end twice. It is better to look at a professional sun protection provider, because here you can make high quality awnings according to individual needs and can also finance. Special equipment such as cassettes, electrical operation or extremely durable fabrics and constructions have of course their price, but are also the guarantee for untroubled summer pleasures and high living comfort.

Financing through small loans

Financing through small loans

Even the most expensive awning can be financed with a small loan from the house bank or by installment payment to the provider. There is therefore no reason to give up on an idyllic spot outside the front door or to finally equip the conservatory, the balcony or the garden terrace as you have longed for. On the occasion, it is also worth checking if perhaps the living room, the kitchen or the bedroom could use a few new sunshades to co-finance a few modern blinds, pleats or slats.

 

Understand How Payroll Credit Card Works

by Richard Womack

The credit card has a very simple operation. A certain amount is made available to the customer in the form of credit and, with the card, the customer accesses this amount and purchases, committing to pay the debit with the operator of the card on the date established for its expiration. If the invoice is paid in full, there is no interest charge. If the minimum amount is paid or no amount is paid, interest is charged on the amount due. And therein lies the danger of misuse of credit cards: by not being able to pay your debt, the client will be subject to very high interest rates.

The consigned credit card is based on the same principle of offering the customer a certain amount in the form of credit, which can be used by card. The difference is that this credit is compulsorily tied to the customer's payment and is discounted in the form of sheet, as is usually done in consigned loans.

Difference between loan and payday loan

Difference between loan and payday loan

Although both are based on direct debit payroll deduction, payroll deductible loan and paycheck deductible credit card are in some ways different in starting by their nature. While in the loan the credit converted into value is delivered directly to the requester, the credit card will be used to pay your bill, accumulated throughout the month. The practical consequence of this difference is the lower interest charge on the loan and, on the part of the card, a lower percentage of the payable wage.

When is payroll deductible credit card profitable?

When is payroll deductible credit card profitable?

If compared to overdraft, conventional credit card or even personal loan, payday loan is the best option. Because it is tied to the customer's due date, it guarantees the operator that the payment will be made, which allows the collection of interest lower than the other modalities mentioned.

In addition, by preventing late payment or even the minimum payment of an invoice, paycheck cards help to avoid excessive debt of its users, since they prevent the formation of so-called snowball debt.

Another great advantage is the absence of annuity rate, common among conventional cards. In addition, a card is possible even if the customer's name is denied to credit protection services. It is worth remembering, once again, that being tied to the payment of the customer is a guarantee strong enough for the card companies.

Is There A Disadvantage In Payroll Credit Card?

Is There A Disadvantage In Payroll Credit Card?

The only disadvantage is in relation to the payday loan. As already mentioned, the loan charges interest rates even lower than those of the card. Among the usual credit options, it is the only one that is currently more advantageous.

However, it is worth remembering that loan and card can have their combined use. With a limit of 35% of the wage assignment established by law, a loan of only 30% is allowed by loan, and the remaining 5% is exclusive for consignment via card.

Undoubtedly, paycheck-deductible credit cards appear as a great credit option in the market. Of simple use and advantageous for both clients and operators, this mode promises to gain more and more space.

 

The Popular Savings Account: Conditions and Rates For 2015

by Richard Womack

 

 

Security and availability

Security and availability

Definition of LEP

The Saving Savings Account is a savings account of the family of booklets regulated by the State, reserved for people domiciled in France who do not exceed a ceiling of income which depends on the family situation of the holder.

The operation is offered by the entire banking network. It is authorized a savings book per person up to two LEP per household tax .

Revenue cap for 2015

Family quotient Revenue cap (1)
1 part $ 19,235
1,5 parts $ 24,371
2 parts $ 29,507
2.5 parts $ 34,643
3 parts $ 39,779
3.5 parts $ 44,915
4 parts $ 50,051
Additional half-share $ 5,136

(1): based on 2014 revenues for an opening in 2015.

 

What to do when the tax limit is exceeded?

If you exceed the limit set by the state, you must immediately notify the bank that manages your account and request its closure within one year. (Before December 31st).

Operation and benefits of LEP

It is an operation of great flexibility of use. The minimum payment at the opening is set at € 30 only. Then, the saver pays at his own pace without constraint, within the limit of a deposit ceiling of € 7,700 . Withdrawals are possible at any time at no cost.

Namely : the amount of work in progress may be greater than € 7 700 if the interest income is recorded.

The rate is set at 1.50% for 2015 , half a point above booklet A.

Formality of opening the popular savings booklet

Formality of opening the popular savings booklet

The subscription formalities are simple. Simply present yourself at your bank, equipped with:

  • Your last tax notice
  • An ID card valid
  • Proof of address

Attention : the maintenance of the operation is linked to your tax situation. You will therefore have to submit the tax notice each year to your bank , failing which you expose yourself to a closure by the organization.

 

Calculation of interest

Like all regulated booklets, interest is calculated every fortnight. Remember to make your deposit before the 15th or the 30th of the current month and, conversely, any withdrawal after these dates in order to benefit as much as possible from the profitability of your operation.

 

Create Time Deposit with Credit

by Richard Womack

 

15 years of Credit Europe Bank have created the experience needed to create the optimal portfolio for the private client. Credit Europe Bank is one of the international companies that today employ over 7,000 people worldwide. With 3.5 million customers in eleven countries and well over 200 branches, this well-known bank also offers a solid investment in fixed deposits, which can certainly be described as competitive. The knowledge of the international monetary market provides an excellent basis for the best offers from which all customers can benefit.

Explained goal - customer satisfaction

Explained goal - customer satisfaction

Credit Europe Bank has clearly stated its intention to optimize customer relations and thus to the satisfaction of its customers. With this intention, almost all components of the portfolio are designed. The time deposit can be seen. A good and solid offer that either provides for a monthly distribution of interest or offers an annual interest distribution. This allows both short and medium term options to be exercised. Whatever the personal needs of the customer. The time deposits are also put together as customer-oriented as possible and offer the possibility to realize even the shortest terms. This is very good news for clients in each segment, as such short-term time deposits can generate attractive returns over the year.

Conditions for the deposit offer

Conditions for the deposit offer

With a minimum deposit of € 2,500, the fixed-term conditions are placed in the lower customer segment and thus specifically cover smaller investments. This is an opportunity for small customers that really does not make every bank available. The agreed interest income is binding for the entire term, which not only applies to the small fixed-term deposit, but is also consistent with the maximum investment of 250,000 euros. The customer can not complain about a lack of orientation, because with Credit Europe Bank a trusting cooperation between the customers and the Credit Europe Bank is really omnipresent. Account management takes place directly through Credit Europe Bank and is, of course, free of charge for the bank's clients.

Automatic reinvestment

Automatic reinvestment

At the end of the fixed-term contract, an automatic reinvestment is offered if the customer so wishes. This is often claimed when a higher-value purchase is pending or a mortgage is to be replaced by a property. Then the customer does not need to sign a new contract again. It simply integrates the interest of the then valid market situation in the existing contract and the deposit simply continues accordingly. An option that is readily accepted even with short-term fixed deposits.

 

Franchise Companies: Find out more about Franchise Finance

by Richard Womack

 

 

 

Young entrepreneurs and those who want to become one have a hard time finding money because there are no demonstrable business successes. Who thinks about starting a business as a franchisee, should know: Again, this requires equity - sometimes even more than the bank requires. However, franchise business start-ups and franchisor support have made it easier for start-up franchise owners to get funding for their project.

Entrance fee in addition to the operating equipment

Entrance fee in addition to the operating equipment

Typically, a franchisee pays to the franchisor a one-time fixed entry fee as well as ongoing fees based on sales. The entrance fee is very different with the approximately thousand offerers in Germany, with 1.000 to 20.000 euro one must count on. However, this only requires the permission to become self-employed with the franchisor's business model and brand. Business equipment, goods and the like still have to be paid by the founder. Depending on the operating mode, this can be quite expensive - for example with the extensive set-up of a fast-food restaurant. Franchisors expect about 15 to 20% equity, depending even more on the industry. They do so for two reasons. First, the contractor has a certain creditworthiness, and secondly, he shows that he is willing to take entrepreneurial risk and become involved.

If the equity is not enough

If the equity is not enough

Of course, there is the possibility, with low equity on a franchising offer with lower capital requirements. But on the other hand, the newly formed company should be in line with the interests and inclinations of the founder, and therefore a completely different industry with less cost is likely to be out of the question. A well-prepared business plan may convince a bank's loan officer. The franchise concept helps because fundamental experience with the business model is available and brand awareness can be assessed. In addition, many franchisors are offering financial support and bank talks to new partners. The franchisee should inquire in advance with the federal promotional bank, KfW. KfW supports lending by taking a large part of the risk from the financing bank. For example, the KfW StartMoney of up to € 100,000 is associated with an 80% indemnity, meaning that your own bank only bears 20% of the default risk. If at least 10% equity capital is available, which is likely to be the case on a regular basis due to the requirements of the franchisor, the partial financing for founders and the universal start-up loan from KfW may also be considered. In addition, KfW offers support programs from federal, state and EU start-ups that can also be used to set up a franchise. Another alternative is crowdfunding, financing from the swarm, which is rather rare in the franchising segment.

 

How a Daily Expenses Worksheet Can Help You

by Richard Womack

 

 Organizing the budget is essential for anyone who wants to save money, create financial reserves and ensure a worry-free future. Have you thought about having a daily expenses spreadsheet to help you with this task?

The spreadsheet is meant to record all the money that goes into or out of your checking account, giving you full control over your finances. It can take many forms, from traditional Excel tables to more complete tools such as financial applications for mobile phones and computers.

Keep track of how spreadsheets can help you on a day-to-day basis, and get to know some models that work great for spending control!

How a Daily Spending Worksheet Can Help You

How a Daily Spending Worksheet Can Help You

Most of the time, we know exactly how much you spend on rent, college, car installment and other large bills. However, a lot of people get lost just in the small expenses of the day to day. Expenses may even seem insignificant, but when added together they represent great values ​​- have you stopped to tell how many cups of coffee you take each month? And beer with friends?

It is precisely at this point that a spreadsheet of daily expenses can make a difference. When you start recording all expenses, it is much easier to figure out where you can cut expenses and save a little more.

Daily expense worksheet templates

Nowadays, there are several options and types of spreadsheets to control the budget . Some are Excel files, others are simple Word tables, and there are still options online or per application (which we explain better in the next topic).

To help you get started, we've separated some of the best spreadsheets:

Spreadsheet for Excel 2007: If you are already familiar with Excel, this is a simple to use spreadsheet that allows you to control your daily expenses.

Orca Worksheet: This worksheet was recommended by Uol Economia after asking the opinion of some consultants. Worth checking, since it is also quite simple.

Idec (Brazilian Institute of Consumer Protection): it is the ideal spreadsheet for those who have never made a personal budget. It contains instructions for use and definitions of terms, helping lay people become more familiar with the novelty.

Financial Applications: The Evolution of Daily Spending Worksheets

Financial Applications: The Evolution of Daily Spending Worksheets

In addition to the more traditional daily spending spreadsheet, in table format, there are also financial applications such as Lemminkäinen . The great advantage of this app, for example, is that it is integrated with your bank account, automating all the control of revenues and expenses without having to enter the data manually. Simply synchronize it to your internet banking and the application surveys all financial transactions, separating them automatically by category.

These are some tips for you to control your monthly budget using a daily expenses spreadsheet. Choose one of the options we mentioned above and start taking the reins of your financial life today!

 

Corporate Finance: Increase Liquidity through Factoring

by Richard Womack

 

 

 

 

Newly-founded and expanding companies must pay particular attention to their liquidity planning. Insolvency is the most common reason for bankruptcy. In examining possible financing alternatives to traditional working capital loans, more and more companies are finding factoring. By that is meant the sale of claims against own customers already before the due date. With the money that the factor transfers, companies can be paid on time, such as materials and personnel, even if they grant generous payment targets to their own customers.

Professional service providers on the Internet

Professional service providers on the Internet

Important for the successful use of factoring is a reliable financial partner. Although factoring companies are not banks, they offer a service that is subject to authorization under the German Banking Act. They are controlled by the Federal Financial Supervisory Authority (BaFin) . This gives the seller of the claims a high security. In virtually every major city there are corresponding offers such as Wolf Factoring, your factoring company in Stuttgart . However, the corporate headquarters does not play a major role in the service itself. A modern factor takes advantage of the opportunities of digitization and offers the required workflows for factoring online. This way, the required documents, such as invoices, can simply be uploaded - the paperless office becomes a reality. In addition to the cost-effective administration, speed also speaks for the digital process. After two to four days, the factoring taker has the money in the account. The factor also benefits from the automated processes. The accounts receivable management of Wolf Factoring is also based on this: Due invoices can be easily identified and payment can be remitted without delay.

Factoring does not have to shy away from the cost comparison

Factoring does not have to shy away from the cost comparison

Of course, the factor receives money for its services. The costs are made up of two components: the factoring fee covers the actual service. Their amount depends on the scope of the functions transferred to the factor, for example accounts receivable and dunning. Usually, the fee also includes the assumption of default risk. In order to compare the costs of factoring with the expenses that would be incurred in your own company, you must therefore offset personnel costs and the time required in accounting, material and postage, but also the contributions for a credit insurance. The second component is the interest that the factor demands for pre-financing. For their calculation, the time between the sale of the receivable and the due date of the receivables is decisive. They are comparable to the interest on a working capital loan.

 

The Withdrawal Period of a Sales Agreement

by Richard Womack

A withdrawal period of 10 days to protect the purchaser against himself

The deadline for retracting a sales agreement is governed by the SRU (Solidarity and Urban Renewal) law. In effect since June 1, 2001, it allowed the buyer of real estate to cancel the contract within seven days of signing it.

This period is now 10 days since the MACRON Act of August 7, 2015 .

During this retraction period the buyer can therefore withdraw from the sales agreement without having to justify his decision to the seller.

The objective of the SRU Law is to protect purchasers who do not prepare their project against an impulse purchase they would regret and allow those who have not engaged in real reflection before signing to break the lead -contract.

This is the case for many tenants who buy from the first visit.

It is advisable to take your time and make several visits of the property at several times of the day to not regret his decision.

On the other hand, it is necessary to evaluate perfectly its budget and the whole of the future loads like the property tax, the heating or the expenses of displacement.

Finally, it is preferable to give oneself a sufficient period of reflection rather than having to assert his right of retraction once signed the sales agreement.

The sales agreement: a conditional contract

The sales agreement: a conditional contract

The ten-day period begins to run from the day after the receipt of the pre-contract. This must be sent by registered letter with acknowledgment of receipt. In the case of hand-deliveries, the period begins to run from the day of signing.

 

During the withdrawal period of the sales agreement, no deposit must be paid unless the signature takes place at a professional who has a financial guarantee. This is the case of a real estate agent or a notary.

In case of cancellation , the deposit paid must be returned within a maximum period of 21 days. Note that this measure was in force for the purchase of a new property on plan (apartment off-plan or construction of a house).

Apart from the right of retraction , the validation of the sales agreement remains suspended on the completion of the suspensive clauses such as the loan provisioning clause. In case of refusal of financing by one or more credit organizations, the compromise is considered to have lapsed.

Borrow Without Personal Contribution to Become Owner

by Richard Womack

 

Be aware that since the beginning of the financial crisis, credit agencies have significantly hardened their position and restricted access to credit . It has become much more difficult today to borrow without any contribution than in the past.

 

Indulgence with young workers

Indulgence with young workers

But each borrower is not housed at the same sign and everyone does not get the same result. For example, if you enter the workforce, it makes sense that you have not yet put money aside. The bank will be more lenient towards you.

On the other hand, if you have been working for 20 years and you are buying for the first time, she will consider that you have had plenty of time to build capital and that if you have no input, it is because you are not very sparing. She may then doubt your ability to manage a budget .

Financing up to 110%

 

The principle of calculating the contribution, however, deserves clarification. If you only have the funds to finance the notary fees, be aware that many banks will not consider your participation as being really contribution. You only finance the ancillary costs and not the acquisition itself.

But this will be a plus in your file.

Calculation of loans subsidized by the State in the personal contribution

Calculation of loans subsidized by the State in the personal contribution

It is not necessarily necessary to bring your personal funds to make a contribution.

In fact, some assisted loans such as the zero-plus loan or the employer loan are included, for some banks, in the calculation of the personal contribution.

Important: the PTZ can not be used to finance notary fees.

 

The contribution of a credit broker

If you think there are gaps in your file and you may have trouble borrowing without a contribution, you may want to use a mortgage broker.

Play the competition and favor free national brokers. These sometimes have a commercial strength that allows you to benefit from sometimes very interesting rate conditions and in many cases you escape the fees.