The Freedom Debt Relief Program Could Help with Your Next Job

Credit card debt impacts so much more than just your credit score. Yes, credit scores do affect your ability to finance big ticket items like homes and vehicles. And if you are overextended with credit card debt or behind on these bills, your score will be lower than those who pay their bills on time. However, this is not the only way that credit card debt can wreak havoc on you. If you have high credit card debt, it could also hurt your ability to find a job, regardless of what your score is. Fortunately, Freedom Debt Relief could help.

Credit Card Debt and Your Career

Finding the right job can be stressful, especially if you are trying to enter a highly competitive market. You need the right skills, a strong resume, and the credentials to prove that you are the person for the job. Even if you have it all, you may still be one of several candidates. So, how do companies decide which person is the best person for the job?
Debt Management
Different businesses have different processes for hiring, but one common thread for many companies is that they want to run a credit report on candidates. This is especially common in financial and banking industries. If you are handling other people’s money, these businesses want to know that you can manage your own finances first. Now, they will not see your credit score and they cannot examine your report without your permission, but if you apply for a job that requests to look at it, can you really say no?
To ensure that your credit report helps you in your job search rather than hindering it, you need to take steps to make sure that it is in good shape. Programs like Freedom Debt Relief could help.

Steps to Improve Your Credit Report

The first step to improving your credit report is to know what is on it. Get a free copy of your report to examine it. There are plenty of ways to go about this. In fact, most credit cards these days offer free credit reports to their customers.
Once you have obtained a copy of your report, examine it thoroughly. Look for any discrepancies and challenge them. Sometimes there are things that wind up on your report that are just not true, and they can have a negative impact on it. However, according to the terms of the Fair Credit Reporting Act, if you dispute something, the credit bureau must investigate it. If they cannot verify the information they must remove it from your report.
After you have eliminated the discrepancies, take a good, honest look at the remaining information on the report. What does this data reveal about your spending habits, or your ability to pay your bills on time?
If your credit report does not paint a good picture of you, then you need to address this. Not only does it impact your ability to be hired in certain industries, a bad report can also affect your ability to rent a home, purchase a new cell phone, or even secure affordable utility services.
Paying your bills on time is a component of your credit score. But what if you fell behind on your bills because you simply cannot afford to pay them? What if they have gotten out of control? If this is the case, Freedom Debt Relief could help you put your debt behind you.

Freedom Debt Relief and Credit Card Debt

Freedom Debt Relief is the largest debt negotiator in the nation. It has helped over 400,0000 customers resolve more than $6 billion dollars in debt. They could help you resolve your credit card debt quickly and for significantly less than what you owe.
Their Certified Debt Consultants are here to help you find the right solution for your situation. They will evaluate your debt and go over your resolution options. There is no fee and no obligation when you call to get help.
Need to get your credit report in shape for the sake of your career? We could help you resolve your debt so that your report shows that you’ve paid or settled your financial obligations.
Give us a call or contact us online to start your free evaluation today!

Types of Forex Brokers and Tips to Choose the Best for you

Forex trades are facilitated by brokers, and as you begin your day trading career, it’s important that you fully understand the different types. In general, Forex brokers fall into two different categories: Dealing desk brokers and no dealing desk brokers.
So which one is the best? Well, it depends on your trading style. Each has their own advantages and disadvantages, and they offer different methods for entering and exiting trades. For example, some offer tighter spreads, but charge commission, while others have wider fixed spreads but don’t take a commission on each trade. Each broker will offer the trader an electronic trading platform to enter and exit trades, but the biggest difference is how these trades are set up.
Trading Forex
Here’s a look at the different types of Forex brokers:

Dealing Desk Forex Brokers (DD)

This type of broker is called a “market maker,” which essentially means they can quote their own prices and they often trade against your position. For example, a dealing desk broker will take a counter position to you, and in effect, your losses are profit for the broker or one of the broker’s clients. Thusly, the majority of trades are fulfilled using the broker’s own liquidity.
Dealing desk broker make their money on the spread – the difference between buy and sell prices for a currency – and they don’t take commissions. Yet, as market maker, the broker sets their own fixed price quotes, and sometimes these prices differ from actual market prices. Also, since winning trades are often fulfilled through the broker’s own liquidity pools, you often won’t be passed onto the interbank market to be paid.

No Dealing Desk Forex Brokers

Unlike DD brokers, no dealing desk, or NDD, brokers enable traders to buy directly through the interbank market, meaning the broker links up two parties on the interbank market who want to make opposing trades. These trades are facilitated through the broker’s electronic platform. One difference is that the spreads offered by NDD brokers are not fixed, but variable. And thus during market volatility, the spreads can quickly widen. NDD brokers also can make money on the spread, or they may choose to charge a commission as well.
ECN, or Electronic Communication Network, means the broker also provides real-time order book data, which increases the transparency of the trading.

Tips to Choose the Best Forex brokers in Australia

Choosing a Forex broker can be a daunting task especially if you are doing it for the first time. Indeed each one of them has their own particular services, and you might have some trouble in choosing the best ones. How should you proceed then? In this article, we will be sharing some tips to help you choose the best broker.

Location

Firstly, a broker that is located in the same country is preferred to be chosen by you. For instance, if you are located in the United Kingdom, you might want to contact a broker situated in the country. This might avoid some legal issues in the long run when it comes to transferring your money to your local back account. Additionally, it may save you some money in currency exchange if you want to change your profit into your local currency.

Reference

It is important that you pay attention to the reputation of the broker. Given the growth of the Forex industry, there are many scam brokers that have mushroomed all over the place. This is the reason that before choosing a broker you should make your due diligence. The best way is to search the name of the Forex broker with the world scam on Google and find out what other people are saying about the particular broker.
Alternatively, you might want to visit the Facebook pages of the Forex broker to find out real customer feedback.
Finance Care Services is a leading finance blog that covers tips and tricks on personal finance and money management.

The Warren Buffett way of Investing: Moats and Floats

You may know about moats if you have read Warren Buffett’s letters to shareholders or you are into investing. Moats and floats are nothing but an investing style which is widely accepted by people all over the globe. These terms were coined by legendary investor Warren Buffett.
Moats and Floats
Let’s understand both Moats and Floats in little detail-

Moats

A moat simply means competitive advantage which a company enjoys over other firms in the same industry.
Moats simply acts as an entry barrier against other firms trying to enter the industry and trying to eat away the market share of the existing players in the industry. Wider the moat, more sustainable and greater is the competitive advantage. The moat can be in the form of pricing power, scale of operation, brand value, etc.
Few of the moated companies in the Indian market include Maruti Suzuki, Asian Paints, Pidilite industries, Larsen and Toubro etc. However, please don’t blindly follow moats with doing any analysis and before you make any investment do take care of the margin of safety. You may do equity research analysis module to enhance your ability of stock picking for long term investments.
One big problem with these companies is that they tends to be highly overpriced and trades at higher PE at most times. In the last 1-2 years they have really given good return vis-a-vis the performance of index.
Another important aspect to remember here is study from time to time that whether the moat is still intact or is worsening over the period.
Read more about moat investment strategy.

Floats

Float is another term often used and followed by Warren Buffett which can be seen in his letters to shareholders. It is said that Buffett has build his business empire by utilising the floats from his insurance business.
Float is relevant in insurance business until the interest rate prevailing in the market is higher than cost of float.
Floats referred to businesses which take huge free cash flow from the customers as advances and the reason it is said free as the company is not in an obligation to pay interest on the same. Basically the premiums are collected by the customers upfront and the claims are settled later.
Presence of floats basically helps companies to reduce their working capital and that’s one of the important reasons why Warren Buffett loves to include Insurance companies in his portfolio.
One of the key aspects with these floats companies is that there is very low probability of bad debt as they accept cash before they offer the service hence it is a very positive aspect with these companies.
Some of the Indian companies with floats include VST industries, Just Dial, Coal India etc.
In the 2002 letters to shareholder, Warren Buffett wrote-
Float is money we hold but don’t own. In an insurance operation, float arises because premiums are received before losses are paid, an interval that sometimes extends over many years. During that time, the insurer invests the money. This pleasant activity typically carries with it a downside: The premiums that an insurer takes in usually do not cover the losses and expenses it eventually must pay. That leaves it running an “underwriting loss,” which is the cost of float. An insurance business has value if its cost of float over time is less than the cost the company would otherwise incur to obtain funds. But the business is a lemon if its cost of float is higher than market rates for money. Moreover, the downward trend of interest rates in recent years has transformed underwriting losses that formerly were tolerable into burdens that move insurance businesses deeply into the lemon category.
However you should not blindly invest in companies with floats and do a proper research before making an investment. Some of the reasons are as follows-

  1. Even though they accept advances, the company may not properly manage the other areas of working capital; hence you should look for positive cash flows from operating activities of the company.
  2. You should look into other key parameters like interest coverage ratio and ROE (which should be high).
  3. Try to strictly avoid companies with high cash conversion cycle irrespective of advances from customers.

Bottomline

Everybody has their own style of investing and these moats and floats are very popular investing style with Warren Buffett. You may or may not be really successful with the above strategies, so devise your own style in which you are comfortable and follow it religiously irrespective of what others are saying or doing.