Posts By Clifton Hayes

Effects of Bankruptcy

Bankruptcy is a serious thing. If you are thinking of claiming bankruptcy to address your financial concerns then it’s important to know about the two different types of personal bankruptcy that exist. Although many borrowers assume that there is only one type of filing for individuals, there are actually two types which are quite different from one another.

Because of this, it’s critical that borrowers formulate a plan to file under either Chapter 7 or Chapter 13. The following article will discuss the two types bankruptcies in general terms so that you can make the best decision for your individual situation.

Different Types of Bankruptcies

BankruptcyDeciding on the type of bankruptcy to file can be somewhat challenging, particularly if you don’t know much about the process to begin with. A bankruptcy attorney can supply you with specifics about the two most common types, though we can offer you a general breakdown.

If you’re like most debtors, then you will probably want to file under Chapter 7, which is commonly known as “liquidation” or “straight bankruptcy.” Under Chapter 7, a borrower uses their available assets to pay back their creditors through the liquidation process. Any remaining debt that hasn’t been addressed through liquidation is forgiven through the bankruptcy proceedings.

This form of bankruptcy is quite common, since most debtors don’t have many assets to risk in the first place; therefore, it’s essentially quick debt reduction strategy.

Chapter 13 Bankruptcy

Chapter 13 is quite different from Chapter 7 in that it essentially calls for the creation of a repayment plan where the debtor attempts to repay their accumulated debt over a 3-5 year period. Chapter 13 is an attractive option for individuals that wish to protect their assets. The downside is that qualification for Chapter 13 can be tough, as the debtor must demonstrate that they will be able to make regular payments.

For a more thorough explanation of the two most common types of bankruptcies and to find out more about some of the possible consequences that are associated with filing, consider contacting a qualified bankruptcy attorney or consultation group. The more information you have about bankruptcy the more likely you are to avoid making the wrong choice.

Always consider the advice of your financial advisor above all and get more than one opinion before committing to any contract or deal your provided with.

Fixing Your Bad Credit

Unless you are independently wealthy and can pay cash for everything, your credit score will determine the cost of every dollar you borrow, and consequently, the quality of your life. A nationally recognized repair credit explains how to raise your credit score. It’s easier than you may think!

Bad credit is a term used to describe a person’s credit status, which depicts that he/she is very risky to repay the loan brought from lenders and other financial institutions such as banks. People with bad credits are not at complete loss, as they are eligible for getting a credit card with poor credit ratings too. The opposite from bad credit is clean credit. Everyone want to get this status. However, they have to pay a higher rate of interest and higher annual fees. Individuals having a poor credit rating have to follow strict norms.

Credit ReportFinancial institutions offer different kinds of service such as credit card and different types of loans. Lack of knowledge on part of customers lead them to develop poor credit rating. Bankruptcy, court judgments and defaulters make it difficult for such people to get loans in the future.

Credit means you get a service or cash to use for your own purpose. It exists in different forms such as loans, mortgages or credit cards. You will have to agree the terms and conditions to repay the amount to the financial institution.

The first thing that is checked before a financial institution or lender gives you money is the credit rating. Credit rating is of two types: Good rating and Bad or Poor rating. An individual with a poor credit rating finds it difficult to get credit.

5 Easy steps to improve your Credit

Anyway, have you experienced having a negative credit account? You have to do something about your credit score immediately. These are the 5 methods for you to get back to good credit standing:

1. Practice control when it pertains to the handling of your assets. Don’t make the situation more difficult. You’re already in a bind, so save yourself from more trouble. This means that you should lessen your expenses, stop relying on your credit line, and start to save up for the payment of your debts. Your overdues won’t be fixed without you doing anything about it.

2. Settle your dues. As we have mentioned previously, your debts won’t pay for themselves. They will not disappear. You need to do something to pay for them. Credit repair starts with the satisfaction of your existing debts.

3. Utilize old credit cards. Here’s a neat little secret. Business professionals propose for the use of old, but usable, credit cards. Because their date of issuance should come before than your present credit lines, credit agencies will give them greater weight, given that they are still active for an ample span of time.

4. Dispute questionable claims. If you have purchases on your credit card bill that you think you didn’t buy, question them immediately.

5. Dispute every error you will find. Some erroneous entries in your credit record can significantly affect your credit score.

Credit repair can be confusing. But there is no need to struggle along on your own. Pick up the phone and call a few credit repair services. Choose one that you are comfortable with and let them take over. A credit repair professional will make sure that everything possible is being done to clean up your credit report and optimize your credit scores. But don’t wait. The sooner you start the sooner you will be able to experience the benefits of your credit repair effort. Good luck!

Save Your Money With Cheap Online Loans

We take up a loan so as to fulfill our requirements. But if we really want to save our money, then we need to look out for cheap loans. Cheap online loans are the best source of finance to fulfill any personal and business desire as they come up with low interest rates.

The cheap loan amount can be used for various purposes such as home improvements, buying a car or home, educations, wedding, vacations, or even for debt consolidation.

What’s a Cheap Online Loan?

It is not a simple task to get the cheap online loans that very easily. You are required to study the financial market properly. You can take the loan quotes from the lenders or can even apply online. And then you can compare the rates. This method can help you out in finding a cheap loan.

Before availing cheap loans one should always analyze certain factors like, interest rates, number of installments, amount to be paid every month and other terms and conditions.

Cheap online loans can be applied for in two ways, i.e., secured and unsecured. If you opt for cheap secured loan, then you are required to place something as collateral. The rate of interest is low in case of secured cheap loans. A borrower can raise money in the range of $5000-$75000 with repayment tenure of 5- 25 years. On the other hand unsecured cheap loans are collateral free. You can borrow an amount ranging from $1000-$25000 for a period of 6 months to 10 years.

Online BankingApplying for a Loan Online

Online applications usually are preferred for the very quick funding rate and the extremely vast amount of online lenders available to you. The more the lenders there are competing for your business, means the better the rate you will get. A quick online search will result in a huge amount of local and online lenders that you can apply with.

Just because your application was accepted by a lender, that doesn’t mean it’s been approved yet. Factors like, permanent employment, good employment record, good credit score, shortening loan term, presence of collateral etc matter a lot in getting the benefits of cheap online loans.

Cheap online loans are the best if you really want to save your money. With cheap loans you can improve you economical status also as you will be paying back less interest amount. These loans can sort out a variety of purposes. These loans can be availed by a homeowner as well as a tenant.

Use Plastic Fencing

Fences have been used for a very long time to protect land and property. They serve to delineate a territory, keep livestock or pets inside, and give us some security and privacy. Fences also have served as a kind of decoration as time went on. Traditionally, fences have always been made of wood or iron – serving us well over the years. Of course with modern technology, more durable and lighter alternatives are available – as with plastic or vinyl fencing.

Plastic Fencing Materials

Plastic fencing is made from a durable kind of vinyl that enables it to stand up against extremes of weather. Although it is made of plastic, it is surprisingly sturdy and strong making it dependable. Plastic fencing is also more uniform to look at, as it is machine made. It is also relatively light compared to wood and iron, making it easier to install as long as you have the proper tools.

Plastic FenceAlthough putting up plastic fencing is not yet cheaper than the conventional wood and iron fencing, maintenance costs are almost nil as plastic does not decay making it a better investment over time. It usually lasts three times longer than wooden or iron fencing. Also, vinyl fencing will not rust as iron fences do, and it won’t rot as wooden fences do. And there will never be a need for repainting. This is why most of these plastic fencing products come with a lifetime warranty.

Different Styles to Choose

There are several styles to choose from – along several colors and patterns for selection. Privacy plastic fencing is also available and is made from solid vinyl panels up to six feet tall topped with a decorative panel on top. You can also choose a plastic picket fence commonly used for boundaries. You can even order vinyl ranch fencing for those really large properties to keep your horses and livestock in.

There are also several ornamental plastic fences to choose from. All of the above are engineered for durability and strength, providing long lasting value and performance. All of them are virtually maintenance free.

It’s been said that good fences make good neighbors. It is also true that getting plastic fencing may be the better choice and the better investment in the long run than traditional iron or wood fencing. Go surf the Internet to give you a better idea of all the designs and styles available for plastic fencing. You also should be able to find some pretty great deals by shopping for your fencing online, instead of just going to your local home and garden store.

Glass Door Refrigerators – Get It for Your Home

Glass Door Refrigerators – Get It for Your Home

With more better-performing refrigerator models in the market today sometimes it’s difficult for consumers to draw the line and differentiate what refrigerator model is best fit for a commercial setting and what refrigerator model can complement a home kitchen setting. Any refrigerator review can tell you that there are home appliance refrigerator units that are designed to professionally offer you food preservation solutions.

On the other hand, there are also commercial fridges that are now redesigned to be made available in a home setting. The glass door refrigerator design for instance can now be purchased to furnish a home kitchen.

Glass Door Fridge for Commercial Use

The glass door refrigerator is much better known to be a commercial fridge because it is primarily what it’s made for in the first place – to be useful and functional in a business or commercial setting like a hotel, supermarket, department store or even in a convenience store.

However, this high value of functionality eventually interest also home owners as well that appliance manufacturers are now starting to redesign their refrigerators to be more fitting in a home setting. That’s why, when you survey the current refrigeration market today, you can find home refrigerators that are somewhat reflective of the glass door refrigerator design.

So you will find more and more glass door refrigerators pop up in supermarkets and restaurants near you. Depending on how popular it becomes and the price range, they may even spread through homes quicker than that.

Glass Door Fridge Design

The glass door refrigerator profile is easily characterized by its most distinctive feature – the glass door front panel. In commercial set-ups, such feature emphasizes easy access to the contents of the refrigerator but for a glass door refrigerator that’s made precisely for a home setting the unit can be seen as a home decorative accent as well with such exterior design quality. It is for the reason why glass door refrigerators are easy to be redesigned to fit into the comforts of your own home.

Glass fridge doors are adding new and more advanced designs every day, keep your eyes open to keep up with them. You will very likely begin seeing them in retail stores sooner than you expect. So if you are interested, explore the many designs of the glass door refrigerators and get it to furnish your home.

Picking the Right Kitchen Counter Material for Your Needs

The kitchen counter is one of the most well used surfaces other than the floor of course. The decision on which material you will use for your counter should be carefully considered. We will discuss a few options of what materials are available and some of their strengths and weaknesses to help you make an educated decision about what material will work best for you.

Ever Consider Corian?

Corian is a solid surface countertop similar to the butcher block worktop. Because this counter is made out of a solid material it is very durable. The surface is even scratch and heat resistant. This means that if you accidentally put a hot pan on the surface without using a trivet then you won’t scorch the material. When surfaces are scratch resistant that means that you can use more abrasive cleaners like baking soda to clean up the stains without worrying about damaging the surface. Corian is custom made to fit your countertop requirements and measurements. The great thing about having a material factory made for you is that it will be in one piece which makes it easier to install. The only real downside to this type of countertop is that it is moderately pricey so many homes will skip this option for a more affordable one like laminate.

Granite Countertop

Laminate Countertops

Laminate is a material that is made up of a thin piece of veneer that is glued to the top of a thick slab of particle board. This is one of the most varied types of material that anyone can use for their countertop. Laminate comes in such a wide range of colors and designs you are sure to find on that fits the theme of your kitchen. You could get laminate that has wood accents or one of the many different multi-colored designs. Laminate counters typically come in pieces that must be spliced together which makes installation a little more involved than with the corian material. Laminate is also very easy to clean. Nothing is needed outside of an all purpose disinfectant and a sponge. All the options and a great price tag make this one of the most popular counter tops that is for sale.

The Beauty of Granite

If you are going for beauty and elegance in the kitchen then you want a granite countertop. Granite countertops are made up of solid rock that has a sealed surface. The surface needs to be sealed because it is porous. This means that it has tiny holes all over that are great places for liquid to soak into and bacteria to grow in. The seal will also be weakened as the counter ages. Resealing the counter surface is not cheap and couple this with an already high price tag makes this the most expensive countertop material you can buy. For your money you get an extremely durable surface. This counter will not chip or break as readily as the other types will and it is more heat resistant than the previous materials.

Every household will have countertops. How much that counter gets used is really up to the preference of the homeowner. Do you want something that looks nice enough to pull up some counter stools and eat right on it or do you want something that is cost effective as well as functional?

Is a Home Loan Right for your Family?

What is a home loan?

Home loan is a loan provided by a financial institution to finance the purchase of a residential property. It is a much sought-after product for Indians today when it comes to owning a house. Earlier there was very little borrowing and people generally tried to avoid creating debt. Now with the situation having undergone a complete transformation, borrowing to create an asset is not only common but in many situations makes good economic sense too. A house is generally considered to be an appreciating asset.

This is because the price of the house is expected to rise over a period of time. This makes financing of such a purchase by borrowing a good way to own and create an asset without having all the funds for the purpose. Financial planners will always advise against taking a loan for undertaking expenditure but encourage borrowing for buying a house.

Fresh Borrower

If you are a fresh borrower, you may not have fresh choice as you signed up for a home loan simply because you fell short of funds for the property investment. As a result, those who have signed up for a home loan less than a year ago may not have much choice except to generate surplus. One of the options is to set aside the excess cash on a regular basis so that the same can be used up for prepaying the loan at regular intervals. For instance, those who have signed up for a loan of 150-200k can look at repaying at least several thousands so that the EMI doesn’t shoot up in a big way.

This may not be possible right away and hence, one should make it a habit to set aside the sum for repayment in a systematic way. For such investments, look at short term debt products such as short term debt funds which allow you to accumulate corpus at regular intervals. Since interest rates have gone up and are likely to remain high for the next 9-12 months, these schemes might allow you to earn double digit returns. We wouldn’t recommend fixed deposits as interest earned from FD is taxable. Also, the interest from FD is attractive only when the tenure is long.

Documentation of a home loan will also include various components related to the purchase of a property. This includes original copy of the loan agreement along with the copies of documents showing that there is a clear title to the property plus documents indicating that the transfer of rights in the property has been completed properly.

Home Loan

When to opt for a home loan?

Many people think that when there is an option of renting a house why to take a large liability and buy a house. The reason for that is the major disadvantage involved in the process of renting a house. Here, a person pays a monthly rent and even after having paid rent for a number of years no ownership comes to him/her.On the other hand, there might be an equal amount paid as an equated monthly instalment on a Housing loans but the difference here is that the person is the owner of the property.

The real benefit from the house comes in the form of capital appreciation that is witnessed here. House prices in India have risen quite sharply in the past and it is expected that they will keep rising in areas that have development as well as good facilities.This appreciation in the value of the property makes a compelling case for buying a house with a loan.

The individuals are actually leveraging the amount that they have with themselves by taking a loan and financing a larger cost house. The benefit of the appreciation in the value is available for the entire amount even though it might take years for the person to pay off the loan and finance the complete house.

Family Budgeting made Easy

Do you ever wonder where your money goes? That is not good. If you don’t know where your money is going, you are probably spending more than you need to be. When you don’t keep track of your money, you never really know how much you have. If you don’t know that you are broke or going broke, you won’t think twice when you blow a dollar here or there, or 20 dollars here or there.

By keeping a budget, you will always know where your money is going. You will know how much you have spent where and you will hopefully not go broke, as long as you do it right. It sounds like something that will accomplish so much for you will be difficult and tedious. It’s easy to set up a budget, and once you have, it’s not hard or tedious to maintain.

Family BudgetCredit Cards or Cash

First, you need to figure out your monthly fixed expenses. Gather together all your bills that are always the same. This includes your mortgage or rent, utilities, insurance, credit card payments, car payments, and any others that don’t change.

Next, figure out your variable monthly expenses and try to estimate them. These expenses will include gas, food, and anything else that you have to spend money on every month but that is never exactly the same. Try to overestimate these expenses a little to allow for error. Prices are always increasing, so you will have to adjust these expenses over time.

Monthly Expenses

Add up all of your expenses for the month. These should not include what you spend on entertainment and anything extra. Those expenses we will decide later, depending on how much money you have left to spend. Add up your expenses and subtract them from your monthly income. How much money do you have left? If you have a lot, of course that is great, but don’t think that is all fun money. You need to save some. Whether you are saving for vacation, building an emergency fund, college, or retirement, you must save. An emergency fund is a very good idea. It will relieve a lot of stress for you when you know you have backup money for emergency expenses such as medical or car situations, or job loss.

Putting Money Aside

Once you put aside money for bills and general monthly expenses and savings, you can decide how much you can spend on fun and entertainment. First, decide what it is you do for fun, what you really enjoy and what you could do without. If you aren’t sure how much you normally spend, keep track of what you spend your money on for 2 to 4 weeks. Then you will have an idea of how much you need.

If you find that you spend more than you have, look where you can cut back. Do you spend $3 or more on coffee every day? That could be costing you up to sixty dollars or more every month. Try making your own for a much cheaper price. Also, stop spending money at vending machines and over priced shops. If you are big shopper, you might find that you really can’t afford to be spending hundreds of dollars on new clothes anymore. If you are way overspending, you will need to go on a money diet.

Once you have decided how much you can spend each month, stick to that plan. Stretch out the money so that you don’t spend it all in the first week. If you save it for the first three weeks, you will have extra money to spend at the end of the month and it can feel like a shopping spree. After cutting back and finding ways to save, you might find that you could cut back your entertainment fund and save even more money for important things.

Improve Your Home – Affordable DIY Methods

You find yourself visualizing what it might be like to relocate into a new home. If you see a furniture shop, do you wish that you had new furnishings in your living room? Publications about houses and furniture catalogues are doorways to a dreamworld where you live a celebrity lifestyle.

Perhaps that existence will never be for you, but with a little resourcefulness, you can upgrade the look of your house with a very small budget. You are merely limited by your creativity and determination to do things yourself.

Improve Your Home – Affordable DIY Methods

One thing relatively simple you might do right away is repaint the walls. Simply transforming the color of your wall space will give your house a totally new look. Plus the smell of fresh paint finishes the effect. In addition to fresh paint, a bit of wallpaper will work for jazzing up a room. You don’t have to do much; maybe just a wall or edging pieces, which you could easily handle by yourself.

Every aspect up to now could be achieved by yourself. Using lighting effects in your house is the next best thing to consider for giving your home a whole new feel. Every room can be enhanced with the right lighting, so don’t ignore the power of a lamp. Unless of course you have a contemporary scheme of design, forget about halogen lighting. Just make sure to work with great excellent tools when creating these changes.

One more fashionable touch for any space could be easy-to-install wall sconces. It is possible to alter the style and feel of your house simply through the introduction of some new accessories. Decorators often search for creative and ingenious components; do this yourself, and cheaply, with things like hand-painted silk fabrics or pillows, and Tibetan singing bowls.

Dining Room Designs

Position on your dining room table, or a coffee table, a stylish centerpiece that could be candles, a glass fruit bowl, or fresh flowers. Works of art and other hangings enable you to create a completely new, different look. Have a great time looking for stuff; rummage through thrift stores and search in discounts shops to get deals in the things you want.

Unwinding into new, solid yet comfortable upholstery is a tonic – try to find something that doesn’t exceed your budget. You can find good deals on tables, lights, couches, entertainment centers, and much more, by just knowing where to look. Used items are available at flea markets, consignment stores, estate sales, and quite a few thrift stores.

An unnoticed place by a number of people is going on the internet to places such as online furniture stores. With smaller running costs, you can get some good deals on the net. Remember, also, that just like painting a wall, an existing sofa can be rejuvenated with a new home-sewn cover.

Choosing the Right Flooring for your Bathroom

Choosing the right flooring for your bathroom can also create the most of what can sometimes be a small space. Whether you are thinking of updating your space, defining a theme or even designing that dream bathroom, the flooring you choose will end up setting the tone for your entire bathroom. When the time comes and you want to sell your house, bathrooms have also been considered one of the many crucial factors.

When you are deciding what flooring you want for your bathroom, it is always important to choose a moisture resistant material, as you can guarantee the floor will get wet on a daily basis. We have broken down a series of moisture resistant flooring and also outlined their pro’s and con’s, this should help you make the right choice when updating your bathroom flooring.

Ceramic Tiles

Tile FlooringCeramic tiles are one of the most popular choices when it comes to bathrooms; this is due to their durability, resistance to damp, and also its ease of cleaning. If you do consider going with ceramic tiles, you may also want to consider going for one that has a slip resistant surface for the bathrooms safety. You might also want to consider getting an area rug for when you step out of the bath or shower.

Laminate Flooring

This flooring can be designed to resemble ceramic tiles, but it is a lot more forgiving should someone fall. It also has the added bonus of being far cheaper than ceramic tiles, it is also easy to clean and maintain. Another benefit to laminate flooring is that it can be installed by you, laminate can also be installed over most existing flooring or over a concrete subfloor, and this will also save you time and energy when it comes to the installation process. It is also a floating floor; this means that there is no glue or nails used because the pieces float on top of the existing floor.

Cork Flooring

Wood FlooringThis flooring is often overlooked as a flooring option but it does have many advantages. There is a natural chemical in cork that is called suberin. This has been scientifically proven to repel any insects, bacteria and mould; these are also factors that are very important when it comes to bathroom flooring. Cork flooring is also resilient to pressure, when its compressed it will return to its original size. For those who are eco minded, cork is an eco friendly option as it is a renewable resource.

Vinyl flooring

The most popular material when it comes to bathroom flooring is vinyl. This is because it is completely waterproof and even major spills aren’t an issue. Vinyl also comes in many different colours and textures which helps make that perfect look you might be aiming for.