Featured Article

People Can Live Without These Financial Parasites

Four years ago, a new business was launched in Oakland, California; it is a non-profit check encashment company at the same time a payday lender. The owner of the business wanted to introduce a business which can be an alternative to the financial parasites like the check cashers for profit and the traditional payday lenders. The company survived from all its competitors but most especially, it is growing stronger each day. The man behind the success story of the business is Dan Leibson, he is the founder and the company’s former Executive Director which is the Low Income Investment Fund formerly known as the Low Income Housing Fund. Currently, he is handling another non-profit company, the Community Development Finance (CDF) with the same aim, to challenge businessmen who take advantage of enforcing very high interest rates and hidden fees.

With so many payday lenders, the people who are in need of money can quickly resort to these companies but to compare payday loans, there are some companies that have lower interest rates and other fees like the Swift Money payday loans. They are aware that payday loan lenders get a bad reputation because they are an expensive alternative of the traditional financing options like personal loans and credit cards. The truth is, the company offers cheaper charges in late payment fees, overdraft fees and interest rate.

compare payday loans

Featured Article

UK’s Financial Services Expands in Volume

United Kingdom’s financial services companies and firms, such as Uncle Buck payday loan direct lender, foresee business volumes to keep increasing during the first quarter of his year. This will then be considered as the strongest expansion since 1996 in the past 3 months.

Approximately 65% of the firms expect a rise, while 6% forecasts a decline, according to the survey conducted by the Confederation of British Industry (CBI), that represent about 190,000 businesses that have about 7 million employees in various industries in the UK. About 64% of companies report that there will be higher business volumes during the 4th quarter, meanwhile 7% say they were down. (more…)

Featured Article

A Good Year for Housing Finance Companies

Big banks have always been the darlings of the quickquid promo code market. Now, it’s the turn of housing finance companies.

Shares of GIC Housing Finance, Canfin Homes, Repco Home Finance, Gruh Finance, Dewan Housing Finance, and Indiabuills Housing Finance have increased between 10 to 50 percent over the past months as cheap valuations, hope of rate cuts, and strong growth potentials have encouraged large domestic investors to buy from them.

Santosh Singh, the head of the research department of Espirito Santo Securities, said “Housing finance companies have been the favorite of investors of late because they are the biggest beneficiaries among finance companies as the cost of funds is falling faster than lending rates and a rate cut is expected any time soon. These stocks underperformed in the past two years, thought there was no slowdown in the home lending sector.”

Housing Finance has increased more than 50% last month, while the shares of Canfin Housing, has peaked last Monday, increasing nearly 37%. Both of these stocks are currently trading at least 15 times their earnings per share over 12 months. Meanwhile, Housing Development Finance Corporation, which is the market leader, has just increased 2.7% last month, as investors has remained neutral on the stocks because of their expensive valuation. Sensex, which is the benchmark, has only increased by 1% last month.

FTC: Low-Income Americans Who Have Low Credit Scores Do Not Need Professional Help

The Federal Trade Commission said in a recent report that Americans should be warned about an industry that helps repair financial work since it is vulnerable to abuse. In addition, the FTC noted that existing credit repair companies reached thousands but most of them are making questionable high claims of their clients. There are some players in the industry which are operating legally and above-board with the aim of helping Americans to improve financial standing. However, FTC said that consumers do not need their help even with the best credit repair company; most of all, they will be spared from hundreds of dollars as professional fees.

This industry has undoubtedly capitalized the consumers who were badly affected by the financial crash during the Great Recession, leaving these people struggling even if the economy has already recovered. Also, the standards of the lenders have tightened after the Great Recession, this paves way to the increasing importance of having a good credit score; it should be a three-digit score in the past seven years or more. The problem is that in the last seven years, data showed that it is the highest level in terms of late debt payments.

As of today, the number of credit repair companies operating in the US is from 5,000 to 7,000, the figure doubled after the financial crisis. Many are small new companies, started by former auto dealers or mortgage brokers who are familiar with credit scores but whose companies have suffered because of the major downturns. The FTC already pursued over 160 cases against these companies in more than a decade, a very small percentage from over 2,000 complaints received by the agency.  For instance, there is a company based in Texas that charged $2,000 from their clients, a company based in California claiming to have special connections with collection companies and creditors, a company based in Florida advertising they can boost credit score to 700 or more in just 30 days but requires advanced payments and many more related cases. Credit repair companies like these three and many more were charged of financial penalties and they have to face the court and pay imposed damages.

Consumers should remember that an established credit repair company like the Lexington Law does not charge excessive fees or too-good-to-be-true promises; they help by letting the consumer understand about the complexity of consumer protection laws that includes student loans and debt collection. A credible credit repair is not about to dispute everything.

From the report given by the FTC, they said that the consumers do not need the expertise of credit repair companies; they can solve their problems on their own. However, if they will ask help from one of the them, they must be certain they are dealing with a credible credit repair company.

Gold Trading of Shanghai Is London’s Real Challenge?

Everyone thinks that the challenge of Shanghai’s gold trading in London is important since gold traders worldwide see it as the gateway for the huge gold demand in China. However, this is wrong because the real importance of this recent news is that China can challenge the dominance of London. The UK and China are different in terms of gold; China is the number one gold-mining producer, number one consumer and number one importer. On the other hand, London is a contrast, despite their record of household debt which is equivalent to 140% of the income, they do not have gold jewellery demand while private investment demand is very tiny than the big buyers of Asia.

In terms of supply with the UK, they do not have any output of goldmine since 1938 and they do not have accredited refineries to produce large wholesale bars. With these data, you might think that China has a major role of gold in the international market compared to the UK. The truth is that, after 300 years of UK’s introduction of gold, London remains the global gold flows’ center, pricing and trading. Since 2004, even if they do not have an output of domestic mine, they have a never ending demand. They were able to keep up with these demands through importing more than 6,800 tons of gold more than China and next to India, the former number one buyer worldwide. Also, they exported about 5,000 tons more than any nation except Switzerland which is the number one bar refiner. When you look at the global market, the demand each year is only 4,500 tons. Since London is the world’s heart of the gold bullion market and has been wholesale trade’s vaulting point, they were named as the world’s number one exporter and importer in 2013.


The relationship is very clear with prices, when the trade data of the UK is showing a pile up of gold in the vaults of London, the prices tend to increase but when the accumulation rate is slowing, the prices will fall. On analysis, the months when the Dollar gold prices increased, the net demand of gold reached 38 tons but if the prices fall down, the vaults of London lost about 16 tons each month. This is excluding 2013’s gold-price crash but the same pattern showed. When Dollar prices fall, average net inflows were only 15 tons each month from 2005 to 2012 but when the prices are rising, the London vaults have increased to 48 tons each month.

This means that the change of London’s vaulted gold plays a major impact to the prices of gold worldwide than what is happening in China. With the increasing demand for gold, this is the best time to invest. To have a better understanding on how to invest in gold you can visit GoldIRAReporter.com, they will explain the benefits and how gold can withstand inflation and economic challenges.

The Best Internet Marketing Strategies

A new year always come with changes, not only for ourselves, but for our businesses as well. As the World Wide Web continues to change, the marketing practices on SEO, organic search, content marketing, paid advertising, and social media interactions will also change. Regardless of what industry a business belongs to, there will be an increase in the adoption and the use of internet to give out information, gain brand awareness, and boost sales.

Social Media

The social media is among the marketing strategies used in every industry in the market today. Even lawyers, nutritionists, hospice care, and fitness centers need to be visible in various social media sites to gain more customers. Social media is also one of the best ways to make your brand visible and accessible while encouraging reviews about your products or services. Being part of the social media will enhance your search engine rankings, online visibility, as well as brand awareness. All types of business should learn to get around with social media, or otherwise be left behind in the next years.

Dave Snyder

Mobile Marketing

Your company websites should be available in mobile versions since most people use their smartphones to access internet information anytime, anywhere. According to Ashford Realty Group, “94% of homebuyers start their home search online. Mobile marketing and internet marketing, in general, is critical for properly advertising client listings.”

Targeted Advertising

Have you ever searched a company’s website to check out their products and later found out that they also have ads on other sites? This is what you call target advertising. It appears anywhere from your e-mail’s inbox to social media pages or even some of the news sites. These are ads that are designed to increase site visitors, thus increasing visibility and conversion rates.

SEO and Content Marketing

These two marketing concepts have been used interchangeably since last year. Marketing strategists have found that premium content that have a certain amount of keywords and link usage would help enhance and increase search engine rankings. SEO will still be on the technical side of website visibility improvement; however, focusing on quality content will do the trick in the ranking of the companies online. Dave Snyder, the CEO of CopyPress, believes that focusing on content scaling and its life cycle will do well in increasing profits and customers. Instead of websites that have a lot pages, reorganized content that is brief and satisfying for visitors will become more common. Look for service industries that make use of content marketing to promote their services based on actual research and true success stories.

Nonetheless, incorporating a marketing strategy is not just about integrating new marketing trends. It’s also about looking for ways that will best suit your needs and improving them. Regardless of the industry, companies need to find a way to appropriately engage on social media. Choose a social media site that is significant to your market than the others. The concept of visibility is the same for all industries: use what would work for you.

How To Start A Business Without Money Start A Business With Your Talent

As funny as it sounds every entrepreneur will tell you if they had to start all over they can do it with no money.  A lot of people come to the United States to make the American dream possible and start a business of their own.  About 98% of the people who want to start a business wait for the right moment to start that business of their own.  Three years later nothing has happen and you’re still in the same situation your started.   

I read a story in a magazine that explains how a man sold hotdogs on the side of the highway for many years.  He had made a good living and raised a son by selling hotdogs.  Soon the man’s son grew up and went off to college.  While the son in college the man sold hot dogs a supported all his family from the hot dog stand.  The following spring the man’s son came to him and told his father the way of selling hot dogs had change and no one buys from a stand.  The man told himself that, his son knew better than him because he went to a fancy college and should know better about business. 

The next week the man bought less buns and wieners and it resulted in less sales.  Continuing to listen to his son he took down his sign next to the highway and sold a lot less hot dogs.  The following week he was completely out of business and he shut his hot dog business down. 

How To Start A Business Without Money Start A Business With Your Talent

I thought to myself what an amazing story with a good point.  If you listen to people that have negative opinion of your business you will fail.  Early in the morning I always tell myself “Never try to succeed, succeed because you don’t have an option”.  By simply hearing negative comments I turn all that negative comments in to self esteem fuel. 

The right time to start your business is when you have the time to dedicate and commit yourself to your business.  Leave emotion at the door and never listen to negative people.  I have proven many people wrong with my successful businesses that have strived on negative comments.  Every person out their have different energy level, that’s why you are reading this article and not the other person.  

How To Start A Business Without Money Start A Business With Your Talent

Facing new challenges is the time to start your business never has it to be on how smart, old and your financial status.  Start a business you have a passion with and you will succeed beyond your expectations.

Saving Money On Decorating Your Dorm Room

Most people think that they have to put in endless amounts of leg work to find things for their college dormitory. After all, when you are shopping for your dorm room it is not like shopping for an ap…

Saving Money On Decorating Your Dorm Room

Most people think that they have to put in endless amounts of leg work to find things for their college dormitory. After all, when you are shopping for your dorm room it is not like shopping for an apartment. You have very specific needs when decorating a dorm room and it can be difficult to find these specialty items especially if you are looking for something outside the months of July and August.

Local stores usually only sell dorm related items immediately prior to the start of the Fall Semester and then they simply stop carrying these items. Even when they carry them the selection is really scarce and limited and most find difficulty in finding items that not only fit well in their dorm room but that also fit their sense of style.

Saving Money On Decorating Your Dorm Room

College dorm products are better sought on the web where you can not just find a better selection but can also shop around for the styles and prices that suit you better. No more settling for items simply because they fit. Now you can have a selection and not only that but you can mix and match online to choose those items that suit you. When in doubt you can even ask your roommate to get online or e-mail them a style or print to get their opinion as well. This can be very helpful when trying to coordinate dorm items across the miles or when putting in a request for an item you want to receive for the holidays.

Saving Money On Decorating Your Dorm Room

Online shopping is also an excellent way to get your items delivered right to your college mailbox. You can save yourself a lot of headaches when you can have the companies send the items right to the college campus. You will then only have to pack up some personal items to take with you and the rest will be on the campus waiting for you when you arrive.

By shopping around online you will be able to find the deals that exist and you will also be able to locate those hard to find items such as nice looking adult sheet sets for twin beds, something that can be extremely difficult to locate in stores during the year. Online shopping for dormitory items is fun, convenient, and one of the best ways to save money on those items you need when you need them.

Importance of Business Ethics

Business ethics seeks to proscribe behavior that businesses, firm managers, and workers should not engage in. Ethics is a source of guidance beyond enforceable law. It is clear and uncontroversial that firms and their workers should not engage in unlawful acts, such as selling harmful or defective products, and ignorance of the law cannot be used as a justification for unlawful actions.

Business and management ethics goes beyond the law lo provide guidelines as to what is acceptable behavior in business transactions. Being based on values, however, it is often not clear what ethical behavior is and what it is not, since different people may have different values.

For example, should you report to your supervisor an affair between two of your co-workers? Some people would say yes, but others would think that it is none of their business. What about selling a product abroad that has been found to be harmful to health and is not allowed lo be sold in the United States? Or buying foreign products made with child labor? Or polluting abroad in a way that is not allowed at home? These issues are important to the firm because, independent of its ethical stand, they could seriously affect its bottom line if, for example, they lead angry consumers to boycott the firm.

Importance of Business Ethics

Today, most large companies have established codes of ethical behavior for the firm’s personnel and have created "ethics officers" or guardians of corporate rectitude with the mission of keeping employees conduct more upright than the law requires. A company with such a code of behavior and an ethics officer is more likely to hear of unethical behavior in the firm before it becomes a legal problem or before it leads to consumer reaction, both of which can harm the image and profitability of the firm. There have been many such cases, such as when it became known that Nestle (the Swiss multinational and largest food company in the world) pushed infant formula in many poor countries when the mother’s milk would have been healthier for the infant, or when Nike was exposed for paying poverty wages in many developing countries to workers making its high-priced sneakers.

An important additional incentive for many firms establishing codes of conduct for their employees and creating ethics officers was the establishment of sentencing guidelines by the courts in 1991 that reduced fines for white-collar crimes committed by employees of companies that had established comprehensive ethics programs. Such ethics programs attempt to indicate as clearly as possible behavior that the firm regards as unethical and that employees are asked to avoid. These include using the company’s telephone for personal use, taking office supplies home, lying about being sick for missing work, reporting illegal behavior by other employees, giving or accepting gifts, and many others.

Importance of Business Ethics

Since it is practically impossible to list all types of hypothetical behavior that a company would regard as unethical and come up with a universally accepted code of conduct, after listing many such examples, some companies provide the broad guideline of "don’t do it if it doesn’t feel right or if you would be embarrassed reading about it in the local newspaper or hearing about it on the local evening news." Today, professions such as medicine, law, and accounting have professional codes of ethics. Despite this, a number of spectacular financial frauds were exposed.

Better would be to change the structure or architecture of the corporation so as to foster ethical behavior. This might include rewarding the company’s CEO more with stock options that tie rewards to the company’s long-run profitability than with salary ties to current profits; requiring founders of the company to retain a large position in the stock of the company to ensure that their interests are consistent with those of new investors; rewarding production workers for both quality and quantity and not just for quantity; providing bonuses for the sales force for having satisfied customers and not just for maximizing-sales; and rewarding rather than punishing employees exposing illegal behavior at the firm.

Importance of Business Ethics

Many consumer groups would like corporations to go further and have a social conscience and use some of their resources to redress social ills, for example, by aiding the poor, promoting education, funding crime-prevention programs, reducing general environmental pollution, financing public projects, and so on. Some of these actions can directly benefit the bottom line of the firm; by helping local schools, for example, the firm gets better trained worker than otherwise (thus saving on its training expenses), or it can benefit the firm indirectly by establishing a reputation for the firm as a "good citizen" (thus attracting more customers and leading to more sales).

Calculating a Foreign Investments Tax Payment

Albert Einstein once said, "The hardest thing to understand in the world is the income tax."

The rapid growth of the international marketplace has created many opportunities for investors in recent years. Unfortunately, it has also created a complicated and difficult to understand tax situation. In addition to paying U.S. tax on all income earned from foreign sources, international investors may also have to pay taxes to the foreign country in which their investment is located.

While this double-taxation can often be recouped via the Foreign Tax Credits, international investors should still familiarize themselves with foreign tax rules and regulations. These regulations differ from country to country, but we’ve provided some resources below to help make the process much easier!

Do You Have to Pay Foreign Taxes?

Investors looking for exposure to foreign markets have three basic options: Mutual Funds, Exchange-Traded Funds (ETFs) and Direct Investment. While U.S. mutual funds and ETFs may hold foreign stocks, they typically pay the foreign taxes on the investors’ behalf. However, these funds may allocate foreign taxes to shareholders, providing a tax benefit (see Foreign Tax Credit below).

Direct investment in foreign stocks and American Depository Receipts (ADRs) can prove somewhat more complicated. ADRs are generally traded the same as domestic investments, but some countries will withhold taxes on dividend payments. Meanwhile, direct investments on foreign exchanges may involve foreign income taxes on both dividend payments and capital gains.

Calculating a Foreign Investments Tax Payment

Investors are encouraged to consult a professional investment or tax advisor to ensure they are properly reporting and paying taxes on their foreign holdings.

Are You Eligible for a Foreign Tax Credit?

The U.S. Internal Revenue Service offers a foreign tax credit or deduction to eligible investors who realize income from foreign sources. While all foreign investment income must be reported on Form 1040 in U.S. dollars, investors may file Form 1116 to receive the credit or deduction. Investors who paid less than $300 in creditable foreign taxes can usually deduct the taxes paid on Line 51 of Form 1040.

According to the IRS, the following basic criteria must be met in order to be eligible:The tax must be imposed on you.You must have paid or accrued the tax.The tax must be the legal and actual foreign tax liability.The tax must be an income tax (or a tax in lieu of it).

Additional criteria, including restrictions on resident and non-resident aliens, may also apply. For a complete listing on these criteria and instructions for completing the form, see IRS Publication 514.

How do You Pay Foreign Taxes?

Investment income generated in foreign countries is taxed at various rates, depending on the laws and regulations in each country. Fortunately, many countries have treaties with the United States making it easier to avoid double-taxation. In the case of dividends, these taxes are often withheld automatically, but capital gains taxes may also apply.

Capital gains tax rates and rulesvary significantly by country, so investors are advised to consult a professional investment or tax advisor.

Important Tips to Remember About Foreign TaxMutual funds and ETFs may provide investors with a tax benefit, but they rarely require investors to directly pay any foreign taxes.ADRs and direct investments in foreign markets may be subject to both dividend withholdings and capital gains taxes, which vary country to country.Qualified U.S. citizens and aliens may be eligible for a foreign tax credit to avoid double taxation, while those reporting less than $300 in foreign taxes can usually automatically take a deduction.All investors are advised to consult a professional investment or tax advisor to ensure they are properly reporting and paying any foreign taxes.