Students: Avoid Short-Term Loans

A payday loan company in the UK posted testimonials of their customers, saying they love them for providing a solution to their problems. These customers are unaware they will be charged of 782% interest rate each year. One of the payday lenders offering services to students is the Smart Pig; this lending company together with other companies were already reported to the Advertising Standards Agency for highlighting prizes everytime a customer borrows from them. They even include the opportunity of winning a term’s rent just to encourage borrowers.

Today, the payday lenders have expanded their targeted borrowers and this includes undergraduates or students, the number of borrowers within this bracket is already alarming. Last year, according to the National Union of Students, about 2% of the undergraduates have resorted to payday lending. This percentage may not sound a lot but if this will be equated to figures, this would total to 46,000 students risking the credit services of payday loans. This must be looked into by the payday lenders as they have social responsibilities too. One of the companies that have been transparent of the responsibilities of the borrowers when they fail to pay on time is payday loans by Uncle Buck. Part of their responsible lending practices is helping the borrower to try other organizations if their solution is not fitting. This means that students or undergraduates are part of the population that should not avail of the payday loans since they cannot cope up with the payment schemes. (more…)



Taulia Hires Thorbecke as CFO

Quick on raising a $40 million Series D round of funding, electronic invoicing and supply chain financing startup Taulia has now hired a Chief Finance Officer. Recently, the company announced that the former Meltwater Group CFO Rik Thorbecke will handle all the financial, legal, HR, and accounting aspects of their operations. They also announced their plans of expanding overseas.

Taulia provides a platform that will track all invoices, quick quid promo codes, and payments that are made out to their suppliers. They are targeting Fortune 500 customers primarily because they help them automate the invoicing process and payments which lowers their costs. For suppliers, on the other hand, the platform will help them get paid faster through the short term supply of financing based on approved invoices.

As invoices follow other business processes into the market, it will quickly attract other customers. As it is being ramped up, the company has hired Thorbecke for the improvement of its own internal finance and HR procedures.

Throbecke has spent the past 25 years in varying finance and strategy positions in several well-known companies. He was also employed as CFO and Chief Strategy Officer of Plastic Logic and in VP position of Levi Straus and Electronic Arts in the mid-2000s. Before going to Silicon Valley, he spent more than 17 years at the PricewaterhouseCoopers in Netherlands, where he was a partner.



Utahns: Consumer Control Should Be Stronger

In a poll conducted, most Utahns want to have a stronger consumer control of the payday loan industry. In the previous years, payday loans have been a big issue every time there is a general legislative session. On January 26, 2015, the lawmakers convened it as the general session tackling about the regulation of the payday loan. The issue is not new but until now, the industry is not yet regulated. The payday loan interest reaches over 400% each year and in Utah, it is relatively unregulated and the lenders were close to the heart of the former AG John Swallow. The lenders donated to be used as campaign funds for Swallow.

Pollster Dan Jones including his Associates found out in the recent state-wide survey that 57% of the registered voters strongly agree with the idea of limiting the amount of the loan each person should borrow in payday loans. On the other hand, 37% do not agree with the limit. The poll had 609 respondents with a margin error of 3.97%.

In most payday loans the amount allowed for first-time borrowers is only $100-$500 including the online payday loans. Try to visit swiftmoney.com loans, they only offer small amounts to their borrowers to be paid on their next payday. When their customers create a good credit standing, they will be eligible to higher loanable amount even after the first loan. (more…)



Ways to Increase Affiliate Earnings In Amazon

Are you doing business with Amazon and after all these years, your earnings have been stagnant or even decreasing? This is the right article for you as this will give you ways on how to increase affiliate earnings in Amazon.

Target Buying Phrases

When people are shopping online, first, they go through general queries and then move on to more specific ones. The key is to target phrases which the people are looking for when they are approaching the buying stage. For instance, you are selling sleeping bags, do not use target phrases which are general like “what is the use of a sleeping bag” or “sleeping bags”. Use target phrases that people use when they are shopping such as “sleeping bag under $100” or “best sleeping bag”. These searches tell you they are looking for more detailed information to decide the purchase. Also, this will give you higher commission when your site achieves traffic of this kind.

Target Keywords with Long Tail

This is the same with the first point but you have to move further. Do not stop by using target phrases like “best sleeping bag” or “sleeping bags review”, you must target phrases with even longer tails. This means that you have to go for keywords that the search volume are very low. This strategy is fine even if you will get less traffic for each keyword or article, in the end; these kinds of keywords are high conversion types. You can use keywords like “cheap sleeping bag for toddlers” or best sleeping bag under $100”. These are some examples of long tail phrases when people are at the stage of making a decision to buy the product.

Link To Images

This tactic is simple yet often overlooked to improve your affiliate earnings at Amazon; you have to link your images to Amazon. When people read product reviews or articles, they always click the image and if the link is just a pull up on your site, then, you will lose one potential visitor or buyer. However, if the images are linked to Amazon, the chances are greater for more buyers.

If these tips are still insufficient and you need to personally hear them from the experts, then, you can attend the BHW Conference. You will learn from the best speakers known worldwide tackling about SEO and the Internet Marketing. One of the speakers that will help you to increase affiliate earnings and to turn your potential buyers into life-long customers is Jeremy Schoemaker. He is the founder of People Acquisition and Retention program (PAR) and has been in the business for 15 years with expertise in the fields of executive leadership and marketing. Also, he is the number one bestseller on Amazon and the most influential person over the Internet in 2010.

Listening from renowned speakers during the BHW conference will be a great learning experience to improve your skills and business.



I Bought My Car Just Like I Purchase Investment Property

I love my car. It is exactly what I need. However it is not what I want. When gas prices went up to over $4 a gallon, I decided to purchase a car with cash that was reliable and good on gas. I did not care what it looked like, it just had to last me 2 years, max $2K and around 30 miles per gallon. So I went on craigslist and began my search. I did the following as was amazed how similar it is to finding a motivated seller and purchase an investment property:

1. Searched for the keywords must sell and motivated

I Bought My Car Just Like I Purchase Investment Property

2. Sent out a lot of lowball offers, all cash and to purchase fast3. Completed a diagnostic inspection that cost $75 and saved me a mistake on 2 cars4. Talked him down more after the inspection even though the problems were not a concern5. Lastly, I test drove it and talked him down more due to the cosmetic dents, scratches and uncleanliness.

The result was much better than expected. Instead of spending $2K and getting a car that will last me 2 years, I spent $1K and got a car that will last me 5 years. I talked the guy down from $2700 to $1800. Then to $1300 after the inspection, then to $1000 after the test drive. The seller was motivated and due to the cosmetic issues there was little demand. I did not insult him when asking for price reductions, I explained the inspection items and the dents were a turnoff, but would still be interested if it was reflected in the price. Once I got an OK for a price reduction, the negotiation began and the seller said Yes to every price reduction request. Even though my car does not impress people, it is exactly what I need. I love getting into that car everyday knowing that I got an incredible bargain, just like we do when purchasing investment properties. With 1K in body repairs the car would be worth 5K. With purchase of 1K, and if I chose to do 1K in cosmetic repairs, the car is at a 40% LTV. Not too shabby. I used the same strategy to purchase a laptop. I ended up getting a nice one for $50 and a second one for free along with a really nice laptop bag. It pays to build rapport and get people to like you. I strongly recommend all investors try purchasing an item off Craigslist at a bargain price. It is great practice for negotiating and learning how to find great deals. Once I have enough money to purchase my dream car with cash, I will do so. But for now, I love that I got a better deal then anyone on the road.



Returns Management Maximizes Future Profits

Until recently, companies and organizations focused only on forward supply chain. Enterprises were more concerned about making their forward supply chain as perfect and as flawless as possible. Hence, reverse supply chain did not receive the kind of attention that it truly deserves. Though products did come back, it was considered as a pain in the neck that eats into company profits. Hence, the products were dumped in warehouses to gather dust and dirt. It remained there until it was ‘discovered’ during a physical inventory or warehouse cleanup. By that time, there would be nothing left to be salvaged.

Companies and organizations are now slowly waking up to the fact that product returns are the reality of every business. It is completely unavoidable and therefore, instead of considering it as a nuisance concrete steps are being taken to manage it cost-effectively. Moreover, the economic downturns also forced companies to explore possibilities of profits with returned goods.

At a time when another recession is in the offing, effective returns management can help companies and organizations to tide through tough times. Not only can it help in improving the company’ financial condition but also help in fostering strong relationships with customers.

Returns management is defined as "The management of all logistic operations related to returns of products from their original user to their supplier with the intention of a cost-effective recovery, while meeting all legal obligations". Product returns are always viewed from the perspective of transportation costs, inventory costs and warehousing costs but the fact of the matter is if managed effectively returns management can actually help in maximizing future profits. It can be a value generating system though not as perfect as forward supply chain.

Today the world has become customer-centric and hence it is the customers who call the shots. In order to increase sales and customer loyalty companies and organizations must ensure customer satisfaction. But today’ customers cannot be satisfied easily. They expect and want the after sales services to be as excellent as the sales services. Customers prefer return policies to be simple and easy and this has been vouched by several studies which says that a lenient return policy translate into long-term sales relationships. If the customers are assured that the product can be returned at any time they would not think twice when making the purchase or making other purchases of the same brand.

Hence, returns management is as important as any other activity in a supply chain be it retail distribution, retail fulfillment or order fulfillment.



Facts To Get Accepted For An Edmonton Mortgage

The key to Edmonton Mortgage approval is a job

When you are trying to get approved for a loan on a house, you will want to be sure that your job is stable. This means that you have a steady history of working. Your current job doesn’t have to be the one you have had for years, but it is good to show a good pattern of work places. This can help get an application approved faster. Banks always want to feel secure about the loan that they are giving out, and someone with a good stable job is more likely to continue making their payments on their new home.

An application to get approved for a mortgage will include proof of your employment. A bank specialist will want to contact your employers to find out how long you have been there and verify the income that was stated on the mortgage application. Typically they want to see that you have been with your job for at least a year. This is a crucial step in determining how likely it is for you to lose your job. Many employees are let go within their probation period. Waiting beyond that time frame, gives banks a feeling of more security.

Achieve excellent credit

A credit check is always done on someones loan application. The credit check will assess several factors. These things may include your previous credit history and if there are any red flags. Cautions for the bank would be a bankruptcy in the last few years or another form of it. Banks will also look at any outstanding payments that were not made, or any credit bureau findings. Before a person heads into a bank or a lenders office, they should find out what their credit score is. That can save on time and the hassle of going through with an application. Checking the score first can help a person raise their score before they visit a loan lender.

Facts To Get Accepted For An Edmonton Mortgage

Just because there are flaws on a credit score, it doesn’t mean that a mortgage is out of the question. Most lenders and banks will tell a person who they can get good credit and get approved for their mortgage. It may take some time, but there are ways to improve scores on a credit check. Things like reducing debt amounts and making payments to bills on time are all fantastic ideas. Everyone has different criteria that has to met. The more income that is earned, the more debt that can be okay. There is a percentage that is followed as a guideline for banks to use on applications when approving people for their house loans.

Facts To Get Accepted For An Edmonton Mortgage

Manage any debt

It is common for Edmonton mortgage agencies to approve many applications. They will look at the overall family debt, the family income and assess the credit history of the person or people being put on the mortgage. When applications are accepted without the right criteria established, it can cause people to fail at their monthly budget and fall behind on bills. The right policies are set up to give people a fair advantage for home ownership. Working with the specialists at banks or lending companies, is the ideal way to get approved. They can make suggestions and highlight areas for improvements. They want your application to get approved so that they can benefit from the loan, it is in every ones best interest to have a great looking application.



Benefits You Can Bank On!

Budget software has come a long way since the early days of difficult to decipher input formula or bulky print-outs. If it has been a few years since you have used budget software then now is a good time to take a second look; new versions are inexpensive, easy to use and convenient.

Here are just a few of the benefits to be enjoyed by using budget software for personal and family record keeping or even to help keep track of a small business.

1. Know Where It Goes. One of the biggest obstacles most people face when dealing with the family budget is identifying where the money goes each month. Small expenses can lead to big budget deficits before most people even realize it. By tracking expenses it is easy to see exactly where the most money is being spent and potential areas where spending can be reduced.

Benefits You Can Bank On!

2. Don’t Forget Another Deduction! If you itemize tax deductions then budget software is a great way to save time and money by quickly "tagging" those items to be used as a tax deduction later in the year.

3. Start Saving. Experts suggest having a three to six month cash reserve on hand in the event of an emergency or financial hardship. Unfortunately, research indicates that households save less than ever – even while they need it most. Establish a plan of action to fund an emergency or investment account by setting aside money to go toward savings each month. It’s easy with budget software because you can clearly see how much money remains after paying the basic bills.

4. Financial Forecasting. One of the best benefits to budget software is the ability to establish a financial forecasting system to track long term expenditures and savings. Rather than sitting down for hours with a paper and pencil; simply input the numbers and allow the software to do the rest! Find out how much you can save by switching investments or decide if you should pay off a bill or invest the money instead. These and dozens of other decisions become easy once you have the right tools. Stop guessing and regain control of your financial future by using basic budget forecasting tools.

5. Minimize Mistakes. Anyone who has ever made a minor math mistake when balancing the books knows how frustrating – and potentially expensive – errors can be. Budget software helps reduce the risk of expensive math mistakes by doing the calculations for you; simply input the data and you are done.

Benefits You Can Bank On!

6. Dare to Compare. One important tool in any budget is the ability to compare expenses – not just from month to month but from one year to the next. For example, is that old car costing you more in repairs than it’s worth? How long would it take to recuperate the savings if you purchased a newer model? Budget software makes it convenient to compare cost from month to month or even year over year with a simple click of the mouse.

7. Clear Communication. A frequently overlooked benefit to using budget software is the ability to easily communicate your financial position to others. Whether you want to speak to a tax consultant or simply provide your spouse with quick access to the finances; everything is in a standard, easy to understand format. It is even possible to make back-up copies in an instant.

Benefits You Can Bank On!

Take time to review budget software – it’s fast, easy and convenient with benefits you can take straight to the bank.



No Credit Check Payday Loans No More Credit Surveillance

No credit check payday loans can be an appropriate fiscal deal for salaried people who are in need of urgent cash to meet any imperative requirements. Many of salary based people spend their salary before the end of the month and when any urgent call of cash they have to be anxious but, now not anymore because salaried people can have the help of these loans when they need to solve their fiscal problems without any delay. These loans can be very helpful funding solution for jobholders as they provide loan to cope with unforeseen financial needs without no difficulty.

No Credit Check Payday Loans No More Credit Surveillance

So, when you find yourself in need of some extra cash before the advent of next paycheck, have the advantages of no credit payday loans by securing cash easily. The funds provided by these loans are sufficient enough to handle unexpected financial emergencies on time without facing any obstacle. So, make the most of the loan in a simple, instant and flexible manner over internet. All you need to fill out a simple form with all needed details such as; name, bank account number, job details, email ID, contact number and some others. This application form is totally free of cost so, you can get it easily. Once your loan form is approved, your loan amount will be wired into your valid bank account.

No credit check payday loans provide you complete liberty from tedious formalities of faxing, credit check, lengthy paperwork and others. As these loans are free from credit checks so, you can get the loan in spite of being tagged with bad credit records such as amount outstanding, arrears, defaults, CCJs, IVA, insolvency and the like. This way you can get a speedy loan approval and direct deposit of loan amount without any kind of postponement. Because of being unsecured in nature these loans carry slightly high interest rate but it can be negotiated by a good search of loan market because today’s time loan market is filled up with a number of loan lenders having different rates of interest. So, by checking lenders’ list one can find a lender with optimum terms and conditions.



Accounting 101 Preparing a Bank Reconciliation Format and Sample

The cash account is one of the most important current assets of any business. That’s why performing a monthly bank reconciliation is an important procedure for proper cash management. If the errors made by the business, as well as the bank go unchecked, the cash account may not reflect actual value. In more severe situations, an overstated cash general ledger could result in checks being written against insufficient funds.The Cash General Ledger and the Bank Statement

Accounting 101 Preparing a Bank Reconciliation Format and Sample

The cash general ledger (GL) amount displays the actual cash balance that’s available to the company. The actual dollar amount that the bank shows will rarely coincide with the actual general ledger balance. One of the main reasons for this out of balance condition between the company and the bank is the bank does not immediately record the daily transactions that affect the GL.

Other reasons for this out of balance condition between the GL and the bank account balance could also include posting errors by the company or the bank, unrecorded bank fees, interest payments and even collusion. All of these factors contribute to the GL and bank account out of balance condition. Performing a bank reconciliation is the first step to correct errors and help spot illegal activities.Bank Reconciliation Format and Example

The main premise for performing a bank reconciliation is to note the transactions that the company made against the cash account that the bank has not recorded and vise versa. In most cases the most common types of transactions that are not recorded by bank are outstanding checks and in transit deposits. The most common types of transactions not recorded by the company that are recorded by the bank are interest payments and checks with nonsufficient funds.

Although there can be different methods, the following is a simplistic example for addition and deductions for performing a bank reconciliation.Ending balance on bank statement $5,000Add: deposits not recorded by the bank $500Add: cash receipts posted, not yet deposited $500Deduct: outstanding checks not recorded by the bank $2,000Corrected cash account $4,000Ending balance on company’s cash account $4,250Add: interest credited by the bank $50Deduct: checks deposited with insufficient funds $250Deduct: miscellaneous bank charges $50Corrected cash account $4,000

Accounting 101 Preparing a Bank Reconciliation Format and Sample

The corrected cash account amount calculated from the bank statement and from the company’s cash account must be equal. If the two corrected cash account amounts do not equal, further research must be performed to determine the cause of the out of balance condition. Once the cause(s) of the out of balance condition is discovered, a corrected journal entry may be required.

Performing a routine bank reconciliation is one aspect of proper cash management procedures. Creating a monthly cash flow statement in another important tool for cash management. Creating and adhering to a budget can also be an important tool to help direct the company to a path of financial stability.