Commercial Property Loans – Invest In The Future

Taking out a commercial property loan is an investment in the future of your business as well as being an investment in the economy itself. Property is one sector of the economy that is able to ride out the worst of a recession. Although there are times that the real estate market dips and prices tend to decrease, property will always be one of the safest investments to make as a long term strategy. They are essentially the same as any other type of mortgage, except they are structured for the exclusive use of commercial property.

They can be described as a property that will be used to create future income for the owner. Most are bought with the idea of developing the property based on the type of business needs that there are in the area. This could be housing, in terms of multi unit dwellings or apartment buildings, or it could even be the development of retail space in a certain area. One of the most common types of commercial development is to create a mixed retail/office space. Obtaining finance with a commercial property loan though, is easier said than done in the present economy. While traditional banks and lending institutions are tightening their belts as a way of waiting for the dreaded ‘double dip’ in the economy, there are some forward thinking and progressive financial institutions who will be able to help you develop a commercial property as an investment.

This loan is slightly more complex that a normal mortgage in that is taken out by the business as an entity. There are many different types of business structure and they have different needs as well as financial structures that will play a large factor in how the loan is structured. Most business commercial property loans include a nonrecourse clause and it is always wise to insist on one when entering into an agreement with a financial lending institution. A nonrecourse clause allows for the protection of the assets of the business owner in the case of no payment of the loan. The property can be repossessed, but the personal assets of the business owner, and the business owner himself will not be liable for the payment of the loan. Of course, some business owners do offer their personal assets as a guarantee for the loan, but this is only wise if there is very little chance of no default on the commercial property loan.

They can be used to purchase land as well as to develop the land on an existing property. It may be wise to do an independent study that can be used as part of a proposal to a lending intuition when applying for a commercial property loan. Most lending institutions will do an in-depth analysis of the property as well as the income potential and will be able to advise a business owner on the correct way of structuring a commercial property loan.

Create Your Own Gold Investment Plan

If you’re ready to start investing on gold you should look into creating an investment plan. A plan can be created by yourself or with assistance from a financial planner or investment devisor.

Learn About Gold

Gain knowledge on the variety of gold investments available. Various investments serve the purposes of different investors. You can buy gold bars or gold certificates, allocate a certain part of your IRA towards investments in gold, or take a more active stance by trading gold funds and gold company stocks.

Once you learn your options and are familiar with the available resources, you’re ready to being putting a workable investment plan into action. Trading shares of stock and investing in gold exchange traded funds requires a little more work than simply purchasing a gold bars or certificate.

It takes some understanding of the market and some analysis to successfully navigate the realm of gold investing.

Make a Budget

Decide how much you are willing to spend. When you put money in a saving account you will have slight gains from interest in exchange for loaning the bank your money. These have little risk.

Investments, however, carry some risk. You can categorize risk as low, medium, and high. Generally the lower the risk the lower the potential yields and higher risk investments have the potential for higher yields.

High risk investments are not good for people who cannot afford to lose their investment. Low risk investments preserve the value over time and are not subject to much volatility.

How Long are You Willing to Wait for a Return?

Make sure that your potential profit aligns with your goals, your acceptable risk, and the amount of time you’re willing to wait. Your plan should be chosen based on its ability to meet the your target portfolio size within a specific time frame.

Younger investors can get away with longer-term investments with guaranteed yields, such as a retirement fund.

Those who are a little older with less time to wait may want to look for something that can make a return in a short time period. Unfortunately, short-term investments with quick return often requires a larger up front investment.

You will need to find a balance that is right for you.

You have to know when to buy and when to sell using past performance data and price trends. If you’re not willing to learn about the details of the trade then you can always ask a gold trading advisor or get a reliable gold trader to help them with your investment plan. However, these services may not be free and can come with expenses like subscription fees, commissions, and other charges.

Ideally you want to buy gold when it’s in its downward trend. This allows you to buy low and sell high. If you buy when the price is high you may need not be able to sell as quickly.

Investing in Gold Coins

Gold coins are especially popular because coins also have collectors value which can reduce the risk. Gold has consistently outperformed other investments but there is still some risk in gold investments. Investing in gold is great for a diversified portfolio.

Family In Need? Bad Credit Personal Loans Can Help!

In a time of need, even folks with poor credit histories may have to consider getting a personal loan in spite their unfortunate credit past. Before any person with a not-so-squeaky-clean credit report ventures on such quest, it is very important to have some background information of what needs to transpire in order to make the search for such a loan a success.

Do Not Be Surprised

You need to have a good idea of how a lender looks at you after they see your credit scores. The first thing you want to do when you get your credit report is to make sure you agree with everything that is on it. Your information was entered by human beings and human beings are prone to error.

Cleaning Up Your Credit Report

If you find something on your report that has nothing to do with you, you need to contact the credit agency and dispute it. If there are bad marks on your report that you understand, be willing to discuss with your lender why the fault occurred.

Starting Fresh

By taking the time to become aware of your credit report, your willingness to get any discrepancies cleaned up, and your willingness to talk about your credit past, many lenders will take this as a good sign. That you are eager to start fresh.

Cutting Some Slack

Many lenders, especially in these recessionary and financially troubled times, realize that many past credit problems are not entirely the fault of the individual loan seeker. So, some companies are willing to bend their rules a little to accommodate folks in financial need.

Start Slowly

Your best chance to start getting back on an even financial keel is to take out a loan small enough that you can repay it pretty easily. Make payments on time and in the proper amount. Each time you keep your end of the bargain on loans such as this, you are improving your credit score.

Two Types of Personal Loans

Two types of personal loans are available in the financial marketplace:

Secured Loans Personal Loans

A secured loan is a sum of cash given to you but you have put something of real value as collateral, usually real estate, sometimes a vehicle. If you default on the loan, the lender may seize that property and sell it to cover the costs of the loan. These loans are more comfortable for the lender and repayment terms and conditions are usually easier on the borrower.

Unsecured Loans Personal Loans

An unsecured loan has no collateral and is a bit riskier for the lender. The lender is relying solely on your honesty. Obviously, the interest rates and payments are often higher to cover the risk. You will have to confer with each lender to understand what kind of loan they may tender and whether or not they will need security.

Shop Around

You need to find a lender who is willing to work with you. Do your research and find lenders with the lowest rates and the most comfortable repayment terms. Do not take any loan that seems unreasonable, do not sign anything you do not understand. If you are careful you should soon have the money you need to see you and your family through some hard times.

Raise Your Credit Score In 30 Days!

OK, so you have a little (or maybe not so little) problem with your credit report. All is not lost, but you will have to dedicate some effort and time to “fix or repair” your credit score. Keep in mind that it took more than 30 days to screw your credit score up, so make sure that you follow the basic guidelines of restoring it.

There’s a lot of jargon and information you need to know before you start your repair project. Repairing your credit score is not brain surgery but you do need to adhere to some basics in order to accomplish your goal of a higher credit score. There’s a lot of misinformation out there about just exactly what a credit score is and how you improve it.

Don’t Get Ripped Off

Another problem with credit repair is there are 100’s if not 1000’s of scoundrels out there that prey on the unsuspecting person with less than stellar credit. They will make unrealistic claims that promise to fix anything for a price. And the worst part is that not only will they take your money, they can actually cause damage to your credit score.

Our less than perfect credit rating system is regulated by the government. Which can be both a good thing and a bad thing. But you should know a few facts and don’t get fooled.

You can also get a FREE credit report from all three major credit bureaus. Don’t pay for something that you can get for FREE. Go o the Federal Trade Commission’s site here to get the full details:

The only catch 22 is that you don’t get a credit score with your credit reports. But if you have been turned down by a creditor (or given what you think is an unfair rate) you can request the information from them and they will provide the score they used to determine your rate.

But it’s still pretty clear on the credit reports what might be having a negative impact on your credit score. So these reports are the first step in working on raising your credit score.

And keep in mind there are no secrets, no special methods, and certainly no one has any better chance than you, the owner of the credit score, to repair or fix your credit score.

What Is A Credit Score?

A credit bureau, or credit repository, is an entity that gathers information about consumers’ credit histories. Your credit history/report includes information regarding the following items:

— Identity information such as your name, address, social security number, spouse and date of birth.

— Payment habits such as how promptly you have made payments to previous creditors.

— Public records such as records of arrests, indictments, convictions, lawsuits, tax liens, marriage, bankruptcies, and court judgments.

— Debts.

— Other relevant credit data Information concerning your current employment such as the position you hold, length, and possibly your income.

— Information about your personal history such as the number of dependents you have, your previous addresses and information about your previous employment.

Credit bureaus sell credit reports to credit grantors, such as banks, finance companies, and retailers. Credit grantors use credit reports to determine whether or not a potential borrower is creditworthy.

There are three major credit bureaus in the United States:

* Equifax: 800-685-1111

* Experian: 888-397-3742

* Trans Union: 800-916-8800

These three bureaus provide nationwide coverage of consumer credit information. The credit bureaus are a for-profit system that generates billions of dollars in revenue each year from selling copies of credit reports to creditors and mailing lists. Trans Union made 1.5 BILLION dollars last year.

It is essential to understand that Credit Bureaus are nothing more than record keepers, and sometimes not very good ones. Consider the fact that these organizations are tracking millions of people with up to 40-50 entries per individual. In all fairness, I can’t even type a letter without making a couple of typos.

So mistakes happen, wrong information gets into the wrong file, and all three credit bureaus don’t talk. They are competitors so they don’t share information and all three can generate a different score. They all loosely base these scores on the FICO method.

FICO scores are based on 22 pieces of data collected by the three major credit bureaus. The lowest possible score is 300, while the highest is 850. None of the credit bureaus will apply these methods exactly the same and also may not have the same data so it’s common to get a different score from each one.

The lending companies (or creditors) will usually use this FICO based score provided to determine the risk of lending money or granting credit. The higher your score, the less risk, so the lower the rate. The difference in credit cost can be dramatic. If you are applying for a $216,00 mortgage and have a score of 630, your rate could be $1568 per month at 7.89%. If your rate was 680, you could get a rate of $1394 at 6.7%. That’s a $2100 per year difference so you can see how 50 points can have a big impact on your credit cost.

Basic Repair/Fixing Methods

You often hear that you should dispute (challenge) any and all negative information. But most people don’t know or advisors fail to mention that the creditor and the credit bureau may declare the disputes “frivolous” and not have to respond. So before you go crazy on disputes, keep that in mind. Many of the negative items do have a time limit imposed, depending on the item. Here’s a good set of guidelines on what to challenge:

Information is not based on you (mistaken identity)

Information is inaccurate based on what actually occurred.

Information is outdated – there was an issue but it has been resolved.

The time limit on the information has occurred.

The information is totally incorrect with no valid basis

So once you have requested your FREE copies of your credit reports, you need to review them to find any inaccurate or false information. When you find a negative entry that you want to dispute, you need to send a letter of dispute, or file the dispute on line directly from the credit bureau website. Some say the online method is much quicker and since USPS does take days it probably is faster. The credit bureau has up to 30 days to verify the dispute with the filer of the negative information. If you forget to give all the necessary information and they request more information they can get an additional 15 days (total 45).

You can get a sample credit dispute letter here: So it’s important to make sure you provide all required information to shorten the process. Once filed the credit bureau will respond to you with the results.

The good news about our credit reporting system is that time marches on and you can start improving your credit score immediately. Most experts in the financial industry agree that the last 18 months is the most important. Try and negotiate any negative items that are true (bring payments up to date, settle old claims, work out new payment plans, whatever). Most creditors will be more than willing to work with you if you make an honest effort in resolving the negative issue. But make sure the creditor agrees to update your credit record.

You can also make sure any good credit information is listed. If you have credit experience that is favorable, write or contact the creditor and as to have it added to your credit report. Many times good information is never reported. You can also open new credit accounts from creditors and pay them off early (even if you have the money to pay cash) to get addition good credit entries.

Websites For Financial and Insurance Advisors – Does Yours Help Build a Relationship?

The internet is a good news/bad news phenomenon. The good news is that anyone can get to anyone’s website in the proverbial blink of an eye. The bad news is that they can leave that website in the same amount of time.

The goal for any financial or insurance advisor’s website is to s-l-o-w visitors down. Get them to pause, to read, to understand what you can offer them. Begin the process of building a relationship. So how exactly do we do that?

Let’s start by discussing what you don’t want to do and what is the most common failing of websites in the financial fields. Fortunately some of the more common mistakes can be easily avoided.

Let’s start with understanding why people are searching on the internet in the first place. In today’s fast paced society, passively “surfing the net” is hardly the preferred activity of those clients with whom you most want to do business. According to Pew Research, the two most common reasons people are online searching is to 1) solve a problem and 2) seek out specific information. Naturally there is an overlap in these two purposes.

However most advisors miss this point when they design their websites. Remember, prospective clients don’t sit down at the computer and say to themselves, “I wonder what Hincklebottom & Schmelbrain are up to?” Granted it would be nice if they did, (especially if you’re either Hincklebottom or Schmelbrain) but they don’t. Rather, clients are in front of their computer, frustrated with the level of service that they’re currently getting from their advisors, and wondering/hoping, “Is there anyone out there who understands my needs?” “Is there anyone who specializes in working with people like me?”

In other words, it’s all about them. Their needs. Their problems. Their frustrations.

So what does this mean for your website? At the most fundamental level it means that the message that you great visitors with should not be about you. But unfortunately most websites violate this basic principle of website design. The visitor should not be greeted with a message that says “Since 1897 Hincklebottom & Schmelbrain has prided itself on superior customer service and clients satisfaction. As the oldest family owned financial firm in the the tri-state area…”

Remember why the visitor went online to search in the first place. It wasn’t to find the “oldest family owned financial firm in the the tri-state area.” No, your visitor had frustrations, issues, problems.

And that’s what you want to focus on. That’s what you want your message to convey. It can be something as simple as, “If you’re similar to many of our other clients, your needs for financial services are unique. Your issues are more complex and involved, and require the services of a firm that takes a holistic approach to serving the affluent market.”

Now obviously I just made the previous statement up, largely off the top of my head, but I’m sure you can see my point. What we want to do with the message that greats visitors is to convey, in completely unambiguous terms, that our target market has arrived at the right place. This is what is often referred to as the “message to market match”. We want to make sure that our visitors see a reflection of themselves in all of our marketing materials. So take a look at your current copy on your website. Who is it about? You or your visitor?

Getting Credit for Your Business

I have been in business for myself for many years and have struggled with the fact that no one really wants to give me capital to run my business. Even when approaching friends, family (and fools) I never got the Wow that sounds exciting and I would love to be a part of it or at least loan you money to get it going. Sound familiar?

There are plenty of nay-sayers no matter what you try to accomplish. It is the postives that are more important when it comes to putting money into the company. Myself, I do not tend to tell my family much about what I am doing but there are plenty of strangers that are just as excited as I am. So where do you find the money to run your business? The answer is quite simple, but the work involved is not that easy, however, the results are certainly worth the effort.

The first step in the process is to review your credit reports. You are likely the same as everyone else, you know you have credit reports but do not tend to think of them as being important. You may also know that obtaining a free credit report every year is necessary but it is one of those tasks that gets neglected.

  • Action item number one is to get your free credit reports from all three credit reporting bureaus.
  • Action item number two is to read your credit reports and highlight the errors.
  • Action item number three is to get your credit report corrected.
  • Action item number four is to create a good business and working relationship with a financial institution such as a bank

If you are not sure how to begin, you can get more details on how to do this through

Once your credit is under control and your score is where you need it to be, you can then borrow against your good credit. According to Donna Fox, Esq., it is easier to borrow a million dollars with a good credit rating than it is to borrow five thousand to pay a debt.

Planning for your business is also a key factor. Financial institutions like good plans that include where your sales will be coming from and when you expect to hit profit.

In summary, you will find financing your business much simpler through good credit and a working relationship with your bank (yes banks do like good projects that are well planned).

Merchant Processing An Overview and Significance

Merchant processing is an important service for businesses, enabling them to process card payments from customers. The scope of merchants encompasses credit cards as well as debit cards.

Whether you have an online business or a regular brick and mortar store, offering your customers the option to pay by card is crucial. In fact, according to one study, 80% of customers may reverse their decision to buy if they find that the merchant does not accept credit or debit card payments. That’s a huge chunk of business to lose!

Hence you need merchant services and choosing the right service provider for the same is crucial.

How Exactly Does Merchant Processing Work

When a customer hits the ‘pay now’ or ‘buy’ button on your website (or when you swipe the credit card in a physical store), an authorization request is sent to your service provider. The provider then forwards the authorization request to the issuing bank or the credit card association for approval, including in the request, relevant data such as credit card number, expiry date, and CVV number. The concerned authority then sends back the approval or rejection (decline) to the merchant processor. According the response received, the service agent conveys the message to your customer whether the transaction has been approved (order confirmation) or declined (directed to try another payment method).

The payment for the transaction is deposited in your merchant account, less the service charges of the credit card processing company.

All of this is automated, secure and occurs within minutes (probably in less the time you have taken to read this).

Points to Consider While Choosing a Merchant Processing Service Provider

The credit card processing industry is complex and several merchants don’t have a clear idea as to how exactly it works. Add to it the plethora of operators in the market, each claiming to be the best, the choice become even more difficult.

Use the following pointers while selecting a merchants processing firm to partner with.

Does the Provider offer all the Services you Need?

Not all merchant processing service providers are equal. And your needs also differ. For instance, if you have an online business, you need a provider with a payment gateway, virtual terminal and risk and fraud management. Also, if they are using proprietary software, it has to be compatible with your shopping cart. In case of offline stores, your requirements are different. So choose a company that meets all your needs.

What are the Service Charges

Though it is not recommended to always opt for the ‘cheapest’ service provider, cost is an important factor while considering merchant processing firms. More than focusing on how much you are being charged, focus on what exactly you are being charged for. Some companies do offer certain value added services at an extra cost. If your service provider is upfront about all charges and can satisfactorily answer all your queries, it may still be worth paying the (slightly) elevated service fees.

Special Finance Lead Helps You Easily Meet Your Sales Quota

Nowadays, for the dealers, selling cars has become a lot easier than what it used to be previously. Before the advent of the internet and computers, car dealerships had to solely depend on various printed forms of advertising to attract customers to their showrooms. Some of the popular sources of marketing were ads in newspapers, business magazines, hoardings in busy streets, near shopping malls or cinema halls, etc. Word of mouth strategy was prevalent as well. However, there was a limitation to which these advertising forms successfully captured the attention of people looking to buy a car soon.

In this age of internet and online marketing, with just a few clicks of the computer mouse, a small piece of message can be spread to every corner of the globe in quick time. Attracting special finance lead has also become easier for that matter – no longer you have to wait for days to get a suitable buyer. Smart internet-based promotional tactics have become highly successful in capturing the attention of millions of potential buyers eager to invest in a four-wheeler of their favorite brand and model.

Many car lead generation companies have been established with the primary business goal of helping the dealers get a steady flow of online traffic to their site and footfall in their showroom. These leads generating companies take a service charge against which they deliver qualified leads super fast. Qualified leads are those people who have a high chance of purchasing a four-wheeler from a dealer’s shop soon.

The chance of getting an increased number of people to your showroom can be further accelerated if you start offering the suitable car loans option. Yes, today a number of dealers are making it hassle-free for individuals to buy their favorite model of car against a loan. There are a lot of people who don’t have the necessary amount of money ready in hand to pay the price of the vehicle. Special finance lead can be generated by allowing individuals take auto loans of any sum of money quickly.

Professional auto leads generation companies use a number of techniques to get leads from multiple sources. They develop and manage multiple websites and landing pages as a way to let interested people fill up the soft-copy form stating their query plus providing their personal information and submitting the same to get a response within 24 hours.

The data collected from the forms get submitted in an online database managed by the lead generation company. Professionals access the data to contact the inquirers one by one. Those who answer to their calls or emails are termed as good or effective leads and those who remain cold are termed as ineffective leads and their personal details are removed from the list of the names of all new sale opportunities.

The list of names of all effective leads is sent to the auto dealers for taking a quick call to action – making sale happen by establishing a real-time communication with the individual potential customers.

Micro Loan Investing – More Than Just Charity

Micro loan investing is not just a way for rich philanthropists to help the needy and make themselves feel good about themselves, while still making a buck or two out of the poor.

The micro loan industry is no longer reserved to the very poor in developing countries in Africa, South America or Asia. Recently such programs have come into existence which operate within the developed nations such as the US and the UK. They have come about to service the needs of those trying to set up or establish their own business who for one reason or another are unable to obtain credit via the normal routes.

Typically the loans available small and range from a few hundred dollars up to a few thousand dollars and the terms of loans are often relatively short, usually around 5 years.

There are a number of charities and non-profit organisations that offer micro loan programs. In addition there is a small number of more traditional investment funds now offering these loans and advertising them as a form of ethical investment for potential investors.

Micro loans are typically available to only those that cannot obtain credit through the usual means. Perhaps the person is homeless, recently come out of prison or for one reason or another has a very poor credit history. In such circumstance the loan originator will perform a credit check on the applicant however much of the appraisal will be based on interviews with the applicant and assessment of their business plan.

As well as providing the money to start or help a small business many originators also offer a mentoring service that will provide advice and support to the loan holder, giving their business a greater chance of success and increasing the potential returns for any micro loan investors.

Succeed Over Debts With Credit Debt Counseling

Having credit card debts can be a sign that an individual is succumbing to the temptation of excessive spending. Credit cards are known to provide people the buying power and have them pay their little luxuries in minimum monthly payments. While this strategy is popular in today’s consumerism-centered world, people can not help but think of the days where everything should be paid in cash, helping them steer away from unnecessary purchases and avoid incurring debts that can threaten their financial stability.

Consumers who have outstanding credit card debts have many options to solve their financial problems. The rise of debt relief companies in almost every state in the US has made financial assistance accessible to anyone everywhere. These companies aim to provide settlement assistance to people who are drowning in payments and can not maintain their monthly dues anymore. In a nutshell, these agencies help reduce debts and negotiate a good payment scheme in favor of the debtors.

One of the services they offer is credit debt counseling. This process involves negotiations with the creditors to generate a possible payment scheme that can be paid off in two to four years, depending on the income figures of the debtors. If ever the creditor sees that the debtor is indeed capable of getting over the debts after evaluating their finances, there is a chance for the debts to be lowered, and late fees & interest rates cancelled to make the strategy possible. This process is definitely an easy strategy if the credit card company is willing to listen and help their clients.

Credit debt counseling will also stop further temptation of buying, by cutting off the credit card power until the debts are paid off. Although it seems unfair to the consumers’ part; however, they should see that the strategy works for the better. The loss of credit card power will eventually help consumers realize their purchasing mistakes and get them to focus on the necessities only. The scheme would also help them allocate their budget responsibly, so they could answer the needs of the family, as well as pay off debts on time. It will undoubtedly be hard for them but they should take this as a challenge to prove that they can overcome their financial crisis.

Credit debt counseling could also affect your credit rating, depending on the varied policies of credit card companies. If you are lucky to be paying the debts on time, your credit report can show a positive rating. Having good ratings will help consumers apply for good bank accounts in the future, and will ensure lower interest rates if ever he or she decides to apply for a loan. If ever there is a reduction in your payments to help you cope up, then there is a possibility of seeing a negative score.

Credit card counselors aim to assist consumers in reducing debts and learning budget management skills that are crucial in this age of consumerism. Being smart in finances will help consumers, especially the ones with families, in dealing with financial crises and regaining financial stability as soon as possible.