Stay Away From Frauds

Financial transaction involves a lot of risks. With the rise in the number of lenders and different lending options, fraudulent lenders have also increased. More than 95% of the lenders are trustworthy but remaining 5% is from where borrowers should stay away. Online lending market is where more and more scammers and frauds have started floating in. Information security is very poor in the case of online lenders since the borrower would not be aware of the organization or the people with which he or she is doing business with.

How to avoid frauds

The best method to avoid frauds is by preventing the need. This does not mean that one should not borrow money but it means that the borrower should improve their financial and credit status so that they need not choose lenders, instead lenders should choose them. Traditional lenders would not be ready to do business with bad credit borrowers. A better credit score would help the person obtain the loan of their choice. Status of a good credit holder would increase in the minds of a lender.

Good credit score can be achieved by paying all the bills and debt payments on time without fail. Those who default or delay their payment would face the consequences by having a bad credit score. One should not delay to make payment since only after 60 days from the due date is when the unsecured personal loans lender or agency would bring the default report to the notice of the credit bureau. Credit report would contain the list of all successful and unsuccessful financial transactions performed by the borrower. The transaction report would stay on the report for years.

Online frauds

Borrowers who apply for online loan programs such as payday loans, cash advance loans and other programs offered through the internet should be very careful. There are numerous online agencies and private lenders who offer loan to people through the web. This type of loan program has become popular mainly due to the ease in the loan processing. Borrowers need not shop around in search of the loan and there is no need to sit and discuss with the lender in person. One would be able to obtain the loan right from their home.

With this comfort come higher risks. Scammers and cheaters have made use of this particular scenario to steal the personal and financial information of the borrower without them knowing. Fraudulent websites would look and work similar to that of a trusted lender’s website. An online application form would have to be filled by the borrower on the scam website. This information would then reach the frauds and they would misuse the information for their financial benefits.

Before applying on an online lender’s website, the borrower should evaluate the reputation of the lender. There is a list of trustworthy online lenders provided in the respective state government’s portal which can be used as a valuable source of information in order to stay away from fraudulent lenders. One should simply neglect any scam mails that they would receive.

Personal Financial Management

People who are in need of money would either make use of their income in case of smaller needs and for bigger purchases; they would obtain the help of lenders who would offer personal loans to them. Securing the loan might help the person get what they need at the present, but a proper financial management would help the person manage his or her finances without much issues. Economic conditions would not remain the same throughout, ups and downs are bound to occur and to manage through these, some act of management would be necessary.

As far as finances are concerned, one should expect the unexpected. Two main factors that might lead to problems include over-usage of funds and secondly no proper planning. If these two factors are dealt with seriously then, the person need not worry about anything. Thus for a proper financial management to be in place, borrowers should maintain a savings account, frame a budget and cut down expenses. It is not easy to achieve this because people generally tend to spend the money they earn within a flash.

Money saving mentality is present only among few people and this is the main problem. Research conducted amongst borrowers has shown that those who fall under the age category of 35 years seem to possess poor finance management skills. The reason behind this has shown numerous reasons and few of those include over usage of funds, improper budget planning and also having no control over the financial transactions performed by them. Experienced borrowers seem to have realized the importance of personal financial management.

Expense management

Payments towards utility bills such as electricity, gas, water etc. are unavoidable. People who live in a rented apartment would have to make the rental payments. Other unavoidable expenses might include transportation, food etc. Apart from these, spending money for buying certain gadgets, accessories and others would not be beneficial for the borrower. Those who possess them already should never try to buy too much than what is necessary. Cutting down expenses would help the borrower in saving handful of money.

Savings account

One should inculcate the habit of maintaining a savings account. About 10 to 15% of the monthly income should be placed as savings. Cash in a savings account would help the person during emergency situations. This would even help the person in any future endeavors that he or she might have, especially when they want to make down payment for a no credit check loan. Making higher down payment would reduce the level of risk for the borrower.


Based on the amount of money earned by the borrower, one should frame a proper budget plan. Budget plan should be in such a manner that apart from the standard expenses, it should provide around 10 to 15% of the funds for savings and also around 30% of the amount left in the borrower’s hands as disposable cash. This amount is mainly to cater immediate situations. Medical emergencies might occur during any time of the year. Hospital bills, operation bills, medicines etc. altogether would cost a lot of money for the individual.

Smart Investment Solutions For Lazy People

If you’re the type of person who hates having to get out of bed in the morning, then using whatever money you currently have in the wisest manner possible is probably a good idea. There’s nothing wrong with being lazy (I should know), but having this personality trait usually means you won’t get on too well in the working world. Though this can be an issue for some, those with cash to spend should be able to earn an automated income if they have the right information and advice about how to select the right investment opportunities.

Considering this; I’ve spent the last week or so doing some research online, and now feel confident enough to publish my results. You see; some investment ideas will be more suitable than others, and some will obviously involve more work. This is why I’ll try to refrain from discussing the complicated solutions available, and concentrate my efforts solely on explaining the ones you should be able to get involved with for minimal effort. With this in mind, have a quick read through the information below and see if I can inspire you to try something new.

Invest In Local Firms 

Thanks to government initiatives that have been designed to increase the amount of new firms reaching marketplaces around the world, there’s lots of people out there who are trying to raise funds for their new ideas. You’ll find lots of websites online that specialise in linking these innovative people with those of us who have money to invest. So, all you really need to do is select an idea that sounds profitable, inspect the business plan and take a dive into the unknown. Just remember that over 50% of new businesses fail within the first six months, so you’ll need to be extra careful before agreeing to release any funds.

Invest In Precious Metals

No matter what your background involved, putting money into precious metals like gold and silver can be extremely rewarding. You don’t even need to understand how the market works these days thanks to reputable companies who’ve been set up to deal with all the difficult stuff for you. Take a moment to read some reviews and testimonials from similar firms before selecting the one most suited to your current situation.

Investing In Property

Personally, I’d opt for this kind of investment if I had enough capital floating around the place, and so should you. People will always need roofs over their heads, so why not become the man or woman they pay for the privilege? Government housing schemes have been in decline for quite some time, and this means more and more people now have no choice but to rent from private landlords. Sure, there’s going to be a lot of work involved initially, but if you employ someone to look after the day to day management of your portfolio, you should be able to sit back and watch the money roll in within a short period.

Well, that’s all the advice you’re going to get from me today folks. I wish I had time to go into things in a little more detail, but as they say in the business “time is money”, and I’ve got to head out and earn some for myself now.

Good luck with any investments you make in 2014 and beyond!

Frequently Asked Questions about Payday Loans

Anyone who is considering a payday loan to help pay for emergency expenses will have questions about how the process of borrowing and repaying the loan works. These six common questions about payday loans can help people determine whether these unique loans are right for them.
What are the requirements for qualifying for a payday loan?
Requirements may differ according to the lender, but there are basic requirements that are the same for every lender.
The borrower must meet the following criteria:
– 18 years old
– Canadian citizen
– Valid bank account
– Verifiable income
Information about these requirements will be gathered during the initial application. People who meet these qualifications may need to provide more detailed information for verification. Paycheck stubs and bank account numbers must be submitted before the loan can be processed.
Most lenders do not require a credit check. This makes a payday loan an ideal choice for people who have had credit problems in the past. The borrower’s income acts as collateral on the loan to prevent the need for a thorough credit check.
 How much can be borrowed?
The exact amount that can be borrowed depends on the income of the borrower. Loans typically range from $100 to $1,000. It is recommended that borrowers choose the lowest amount needed to keep the payday loan easy to manage.
What are the fees associated with payday loans?
Each lender sets a fee that will be added to the total amount of the loan. This is a one-time fee that increases the total amount to be paid back. There is no interest rate applied to the beginning balance of the loan.
However, people who repay their payday loan after the due date could face penalties. Review the terms of the loan to determine the fees associated with failing to repay the loan on time.
How is the money transferred?
Money is transferred directly into the borrower’s bank account. This makes it easy for borrowers to access their funds as soon as the loan has been process. Money can then be withdrawn from the bank for any use.
How long does it take to transfer the funds?
The fact that the funds are deposited directly into a bank account means that the transfer tends to be very quick. Some people are able to access their money in as little as one business day. Most people receive their money within 48 hours. The quickness of the transfer with a payday loan makes it a great choice for emergency expenses that just cannot wait.
What happens if someone cannot pay back their payday loan?
The most important thing to do after realizing that a payday loan cannot be repaid by the due date is to contact the lender immediately. Keeping the lender informed about the situation could keep penalties minimal. There will probably be penalties assessed for each pay period that the loan is late. Lenders may be willing to make payment arrangements to make the loan more manageable.

Enhance Your Forex Capabilities With Price Action

Perhaps you are new in the forex trade and you have heard other traders talking about price action or PA and wondered what they were referring to; they are simply talking about forex charts in general but specifically the movement of actual prices. You will realize that, if you have a candlestick on the one hour timeframe you will end up with PA data worth an hour and if your candlestick has a five hour timeframe you will have 5 hours of PA data. This means that you need more PA data for you to have more accurate predictions; getting a daily candle therefore gives you more data to work with than someone who goes for smaller timeframes.

Forex trading using price action gives you the ability to predict price movements on the charts by only observing the available PA data. You only need to be able to spot a particular PA setup or configuration which will allow you to make an accurate prediction on the direction the price is taking. Most traders use indicators such as RSI or Stochastic on their charts even though they don’t really understand how they work. Most of these indicators use very complicated mathematical formulas to draw lines on the chart you are watching. It beats logic for anyone to use a system that is too complicated to understand.

May be you need to know that these indicators actually use price action to draw those lines for you and if that is so, you can avoid all the confusion and go straight to the source of the information. By going straight to price action you will have cut out those indicators and in the process start understanding trade patterns and why you should take particular decisions. Thai enables you to place any trade that you do with the confidence of knowing that you understand what is happening and exactly how the system works. The other advantage of using PA is that the indicators are sometimes slow which means you can easily miss out on some moves. Using price action makes you, the trader, understand the market and spot the patterns for yourself; you also position yourself in a place where you see all the positive action.

There are different PA setups traders can learn to work on; these can be in the form of a candlestick or a combination or two or three and sometimes a cluster of them. Price action trading setups are normally simple even though there are those that are a little complicated. You are always better off playing it simple because when it comes to forex trade, keeping things simple doesn’t necessarily mean you will get less profit. Actually, the secret of succeeding with PA is keeping things as simple as possible. Experienced traders will tell you that trading with single candlestick has always been the most profitable approach. As long as you learn how to watch and correctly interpret candlestick signals, you will make better profits without exposing yourself to very high risks. This is actually the essence of forex trade; you can become an accomplished trader by using simple price action methods correctly.

People That Make More Money than You

You might be surprised to learn how many people make more money than you do in professions that you wouldn’t have anticipated earning more than yours. There are various factors that can influence how much money a person earns however, some of which are discussed below.
Surprisingly these people make more money than you!
source: iforexblog
Location can greatly influence how much money people in different professions make. Part of this is because the cost of living is different in different areas. For instance, people who work in the city tend to make more money that people who work in more rural areas simply because expenses tend to be higher in urban areas than they are in rural ones. For example, while many people would probably be under the impression that a sales manager makes more than a garbage truck operator, a garbage man in Newport Beach actually earns more annually than a sales manager does simply because that area pays garbage men more than some other areas do.
Demand is another crucial element that can determine how much money a person makes. For instance, while it might seem like a minor league baseball player would make more money than a hot dog vendor, come to find out a hot dog vender can earn 10 times as much as the star of the show. This is because there is a high demand for concessions at baseball games and other such sporting events.
How much money people earn in their professions can be as diverse as the professions themselves are. Generally, though, a career for which there is a high demand that is in the right location will earn more than some careers that people traditionally view as high-earning careers. When selecting a career that earns a lot of money, therefore, you might want to take into consideration your location as well as what’s in demand there.

Financial Responsibility Is the Need of the Hour

What will it mean to you to be financially responsible? This is a question that everybody should ask themselves. Sometimes, individuals assume this financial responsibility is merely being concerned about being careful with your money and how you go about spending it, however there’s rather more to it than what meets the eye.

Being financially accountable

One of the key points to being financially accountable is being thoughtful and careful about your money and your finances. Things like, planning, budgeting, tracking, and saving are all part of your financial responsibility. You are accountable for your finances. If anything happens there is no one to blame but yourself. Handling the financial matter is imperative and subsequently a big deal where there is no room for mistakes as your hard earned money is on stake here.

Budget is definitely a must

Budgeting on large scale is extremely common in businesses and finance departments across several firms. However, it is found to be a smaller amount typically employed in the house and in people’s personal lives. The primary thing concerning your budget is that it let’s you do everything else that you just need to try to. Shopping, saving, planning, and responsibility all actually needs to stem from a proper budget only.

What you need to do to have a budget

In order to create a healthy budget here are the things that you need to take care of. They are comparatively simple and might be followed obscurely or with specific detail, it’s actually up to you how you do it.

Save, save and save

You must have a tendency to work out the primary issue to try and balance out the cash you have got to return in. This can be the baseline for your budget to succeed. Your budget must allow you to save and save as much as you want and can. Remember, the budget that allows you to save the most is definitely best laid budget because all that saving will only help you out in your future.

Identify your needs first

The next issue to try is to work out what amount of cash you would like to spend. This could be used on things like rent, food, transportation to figure. At a minimum you would like to be positive that you won’t pay o things that are totally unwanted or don’t have any value. Identify the things that are most important like your rent or your food and try to allot your money on those chores first. Identifying your needs from wants is a must.

The bottom-line

There are also the opposite things that you just have to do like planning for saving, paying loans. Financial responsibility actually needs taking care of all of your issues without worrying about it. Do not get overwhelmed and spend impulsively. It is really easy to flow with emotion and forget the fact that impulsive spending is a big no-no. As long as you employ these straightforward budgeting techniques and keep them balanced you will be just fine.

Becoming An eBay Seller

If you are looking for a way to make some extra cash, why not start selling on eBay.

eBay is now one of the most popular places to buy and sell all sorts of goods and there are plenty of  opportunities to make some money. It doesn’t cost a great deal to set up either and if you need the money fast, visit Wonga’s site for a payday loan and they can give you a fast loan, which you can pay back as soon as you have made your first sale, or you get paid at work.

If you are good at making cheap jewellery, then why not sell it. Jewellery isn’t expensive to post and if you think of some original designs, you might end up doing it full time and making a proper living out of it.

Candles and soap are popular gifts and if you can make them yourself, create a nice small and package them beautifully, there will certainly be a market for them.

Artists can offer to create sketches of people, or their pets from photographs, which makes a  thoughtful and unusual gift.

You don’t need to stick to selling in your own country. If the postage costs are not too high, you could send your goods anywhere. If for example you know that a popular boy band’s bed set is more expensive to buy in America buy them up cheaply, add some profit and sell them to customers in the States.

eBay have a customer feedback system, which is very important to the site. You can see the seller’s reputation by the amount of feedback they have and whether or not it is good or bad. Sellers with good feedback will sell their goods more easily and therefore you should do your best to keep your feedback score high.

Firstly, you should decide whether to list your products separately, or open an eBay shop. If you plan to list 50 items or more every month, it will be cheaper to open a shop.

Once you have your items ready to list, make sure that the product descriptions are accurate. It is one of the things you will be rated on and of course, a good product description means that you shouldn’t have any problems with the buyer. If you are selling it for parts, you must state that the item is broken and is for parts only.

If you are selling products you have made yourself from home, make an effort with the presentation. It gives a much better impression if the buyer receives their purchase in a good quality box or envelope, sealed well and with a typed address sticker.

Don’t forget to put your name and address on the back of the package. If something goes wrong with the delivery, the postal service won’t be able to get the product back to you if they don’t know who you are!

Always put your business card in the box or envelope. Business cards aren’t expensive to have printed, you can do it online and there a various templates that you can choose from.