Thursday, September 27, 2012

Difference Between A Wallet And Billfold- Review

Wallet is usually made of leather. It is a tiny, flat and pocket sized folding case used to carry credit cards, debit cards, photographs, driver's license, paper money, and the like. The most important quality of the wallet is that it contains a number of compartments of different sizes and sometimes with a zipper closure or snap. On the other hand, a billfold is a type of wallet that folds over. Billfold is also made of leather and you can find a clip in the middle to take care of the bills. Both billfold and wallet have the same use as they serve to carry all your important documents. That means both these terms offer the same function. The only difference between these two is that the term billfold which is the short form of bill folder is used by the people long after the term wallet was introduced. So you actually clip the bill then fold it in half. Even though the fact that these two address the same needs, they are used as the synonyms for each other. And that is why it is called a billfold. It is so simple in design.

You can prefer wallet or bill fold according to your needs. If you have a number of cards or other important documents to be carried every day, you should buy a wallet that can accommodate all of them. Billfold helps you to hold or carry all your essential documents in it without damage or wrinkling them. Many among us are in the habit of carrying so many important receipts, cards, bank papers, bills, etc. This habit leads the wallet or billfold manufacturers to change its shape and functionality. As a result the modern wallet can accommodate all your valuable personal documents without messing together. In the olden days, wallets were seen as small bags made of leather or cloth that can be used to hold all the stuffs in them securely when going for a trip. Now the design has changed but the purposes for both of them remain the same. Thus you cannot find out any major differences to distinguish between them. These days, electronic wallets are offered in the market that can detect its right owner and no others can use it. Such wallets prevent pick pocketing.

Wednesday, September 26, 2012

Get Yourself The Maximum Tax Benefit Under Section 80d Now!

If you want to know the answer to 'How do I benefit under section 80D?' - well, here it is. Prior to 2008, a tax payer was entitled to a deduction of Rupees 15,000/- for tax purposes for the actual premium of health insurance paid for a year for your family and parents. According to the amendments made in the 2008-2009 budget, taxpayers are now eligible to get a deduction of Rupees 15,000/- for your family and yourself, as well as an additional deduction of Rupees 15000/- for your parents. This amount can even go up to Rupees 20,000/- in case any of your parents are above 65 years of age.

Any individual can make a premium payment for himself, spouse and children, as well as their parents. Each single member of a family is entitled to enjoy health benefits and tax saving options for HUF as well.

Now, how can you avail this benefit? Well, health insurance premium payments offered by the General Insurance Corporation and sanctioned by the Central Government, or from any other IRDA approved general insurance company are allowed for deduction. You can get a health insurance policy from any company in the market, as long as they clearly mention that their policies are eligible for 80D benefits. You can buy your health insurance policy online with credit cards. The tax deduction would differ from policy to policy as they are concocted differently. Choose a policy which allows you maximum deduction.

Any pointers to keep in mind while buying a health policy? You can buy your health insurance policy online and save on money. Get an instant quote and calculate your premium rates through the tax calculator. See how much tax gains you can make on your policy.

The floater plan is ideal for families. Some insurance companies have innovative policies such as the family floater plan, which covers every single member of the family under the same sum insured. One single policy for the entire family! Sounds great isn't it?

Look out for unique coverages offered. The insurance companies are now providing unique coverages, apart from the standard mediclaim covers. example, there are policies covering dental expenses, outpatient department expenses etc.

You can save tax by purchasing a medical policy like Health Advantage Plus. Apart from offering good coverage options for your family, the Health Advantage Plus scheme gives you the maximum tax benefit you can avail u/s 80D. The premium of this policy has been designed to remain the same at RS 15,000 or Rs 20,000 with the sum insured changing every year calculated on determining factors. This way, you can get 100% deduction benefit under section 80D with a policy like this.

Monday, September 24, 2012

Why Wells Fargo Home Loans With Bad Credit Are A Leading Option

It is no secret that not all mortgage providers are the same. While many big names boast an extensive nationwide reach, and others affordable mortgage packages, very few can boast both at the same time. But Wells Fargo is one of them, making home purchase financing affordable for every pocket. In fact, getting Wells Fargo home loans with bad credit is arguably the least complicated process.

Wells Fargo is a huge name in the US mortgage sector, but it has grown chiefly as a result of specializing in solution-orientated mortgage products to bad credit borrowers and those in difficult financial situations. This makes them a favorite amongst those applicants seeking approval despite low credit scores.

The range of products available is such that practically every kind of home loan situation can be successfully addressed, from reverse mortgages to the adjustable rate mortgage. But it also structures mortgage programs to suit specific home buyer situations.

Who Is Wells Fargo?

As already mentioned, Wells Fargo is one of the largest mortgage providers in the US today. In fact, of every 16 homes sold in the country, Wells Fargo has sold one of them. But it is its commitment to affordable lending that has earned it its reputation. Little wonder that getting a Wells Fargo home loan with bad credit ratings is so possible.

In recent years, it has grown further, buying into the mortgage giant, Wachovia Corporation, and spreading its reputation for granting approval despite low credit scores to a wider market.

This merger, effectively created an unbeatable mortgage corporation, ensuring its customers gets the very best in services, offers, policies and care when they seek or secure a home loan.

Home Loan Options Available

It would be easy to look upon Wells Fargo as just another mortgage provider, but the company has grown to dominate the US home financing sector for a very good reason - it offers services that borrowers need. Getting Wells Fargo home loans with bad credit scores is straightforward, but the options available offer solutions to specific needs too.

In fact, there is considerable effort on the part of the company to structure individual loans in a way that benefits the borrower. So, getting approval despite low credit scores is just a start, with fast and reliable services that are void of those frustrating bureaucratic dead ends.

Amongst this list of services and home loan products are affordable New Home Construction loans, competitive Home Equity Loans, helpful and supportive First Time Buyers Programs and carefully agreed Timed Withdrawals Programs, where repayments are cued to ensure no late or missed mortgage payments.

Wells Fargo Extra Services

Most mortgage providers are happy to offer consultation services, but when seeking a Wells Fargo home loan with bad credit scores, borrowers can benefit from a greater level of customer care. It is not just about good terms and competitively low interest rates, but ensuring the mortgage deal suits the borrower.

There are several programs available, but arguably the most valuable are the provision of closing guarantees, credit counseling and loan counseling. While getting approval despite low credit scores is important, successfully closing the deal is crucial. Wells Fargo can guarantee the deal is closed properly, thus removing uncertainties.

Credit counseling provides prospective applicants with advice on how to boost their credit scores in advance of submitting an application, to increase the chances of getting a better home loan deal. Loan counseling, meanwhile, is designed for first-time home buyers, with Wells Fargo offering a step-by-step guide to help them through the entire mortgage loan process.

Saturday, September 22, 2012

Offshore & Hedge Funds

The term "offshore fund" refers to the funds run outside the UK, usually in low tax areas. These include the Channel Islands, the Isle of Man, Cayman Islands, Hong Kong and Bermuda. In recent years Luxemburg and Dublin have become more significant also, as tax havens' within the European Union.
Many offshore funds are run by companies associated with large UK unit trust groups and most of the countries involved now have their own regulatory framework. Certain offshore funds receive recognition under the financial services and markets Act 2000 (FSMA 2000) and may be marketed in the UK.
Non-regulated and non re-cognised funds are subject to severe marketing restrictions in the UK
Prospectuses and details can only be forwarded to investment professionals such as stockbrokers and Independent Financial Advisers (IFAs).

Offshore funds that can be marketed into the UK
S264:
Funds that are recognised under the Undertaking for collective Investments in Transferable Securities (UCITS) Directive. See below for more details
S270:
Funds based in the designated territories, namely Jersey, Guernsey, Isle of Man, Bermuda, and recognised as satisfying FSA requirements.
The designated territories have similar regulation and investor protection at least equal to the UK.
These are termed regulated'.
S272:
Funds based outside the EU and the designated territories but satisfy the FSA requirements individually.
These are termed recognised'

Offshore OEICs
OEICs/ICVCs are the most common form of pooled investment in Europe. OEICs are based on the European type of ICVC known as Societe d' investissement a Capital Viable (SICAV). Unit trust, in contract, are more like what are known in Europe as Fonds Commun de Placement (FCP).

? The attraction of the OEIC is that it can issue any number of types of shares. As we saw earlier, an OEIC is open-ended', because the total amount invested in the scheme can be increased.
? The ability to offer a wide number of types of shares led to the concept of umbrella funds. In this type of fund, there are many types of shares under one management (the umbrella). Each type of shares can invest in a different international sector.
? There is a wider range of funds offered to the investor through an offshore OEIC than an onshore unit or investment trust. The funds include UK Equity, International Equity, International Emerging Markets, International Managed, America, Europe, Japan, Latin America, India, Korea, Hong Kong, Australia, Commodities and Currency Funds (in all the major currencies) and fixed interest funds (in all the leading currencies: eg yen, sterling, euro, US$ )

Thursday, September 20, 2012

What is a Finance/Contract Hire/ Lease Gap Insurance Policy?

What is a Finance/Contract Hire/ Lease Gap Insurance Policy?
This is a question I am asked on a daily basis. Firstly this is a very specialised gap insurance policy to cover vehicles that have been purchased using a financing arrangement. When buying any insurance policy the first
thing to consider is does this policy meet all my needs adequately?

Standard gap policies generally require you to be the registered keeper or owner of the vehicle. Finance Gap Insurance is a more specific and states that you can either be the owner and registered keeper of the vehicle or the main driver for lease and contract hire purposes.

This is a very overlooked point but a very valuable one to consider as purchasing the wrong type of policy may invalidate any claim you need to make. General Return to Invoice and Vehicle Replacement Gap Insurance policies are for people who are purchasing a vehicle using cash, bank loan, traditional hire purchase or a PCP (Personal Contract Purchase). In all of the above cases you will become the owner of the vehicle and will be the registered keeper of the vehicle. All the above policies will require you to declare that you are the registered keeper of the vehicle in the small print.

For a car that is being hired using a personal /business lease or contract hire arrangement you will never become the owner of the vehicle. Under this arrangement you are simply hiring the vehicle from a company for a fixed amount of time. This arrangement is technically no different to renting a house, lawnmower or power drill. In terms of being the registered keeper of the vehicle this will vary between the provider. The majority register your name on the log book but with their address so they retain the V5 document. Others are more lenient and will put you as the registered keeper of the vehicle at your home address. In some cases the V5 will be in the name of the contract hire company at their address. This has become less common due to insurance issues and the database used by the police for tracing owners and insurers etc.

So why do you need any further insurance after your fully comprehensive motor policy?

It is a little known fact that in the event you have a total loss in a vehicle that is under a contract hire or lease agreement that you will be liable for the future value of the vehicle plus a percentage (or all) of the outstanding rentals under the hire/lease agreement.

Let's take an example: Mr Smith get a contract hire agreement on a new Ford Mondeo for 3 years paying 300 per month for the vehicle. The car is written off after 12 months in a non fault road accident. The insurance company values the car at 15,000. The contract hire company settlement is the future value of the vehicle being 14,000 and the outstanding instalments of 24 x 300. He has a settlement figure of 21,200. This leaves the customer with a shortfall of 6,200. So he has no vehicle also lost any upfront payment and to add insult to injury he has to find this enormous sum just to clear his liability to the contact hire provider.

So what is the solution?

Make sure you adequately protect yourself with a Finance Gap Insurance policy! You take an insurance policy to cover the difference between the motor insurance payout and the settlement figure from the lease / contract hire provider in the event of a total loss. In the example we looked at above the gap insurance policy would pay the difference in the settlement balance of 6,200.

This would have cost the customer approximately 100 to insure this shortfall thus avoiding a very stressful situation and a crippling payout from his own pocket. This type of insurance also has the benefit of providing 250 towards any motor insurance excess and will also cover any driver providing they are covered by a fully comprehensive motor insurance policy.
As an industry first specialist brokers will provide Finance Gap Insurance cover no matter how long you have owned the vehicle for. Even on a five year lease if you decide you want cover at two years they will provide this cover for the last three years of the contract.

Friday, September 7, 2012

Single Parent Dating: Are You Always Feeling Unsure About Relationships?

When a person goes into a relationship they would never think that they are "unsure" of it. The sad reality is that people have indeed that hidden feeling of "ambivalence" towards relationships- especially the real ones.

When it comes to ambivalence, people who usually feel this are those who are in a relationship but feel that they haven't found the right person yet. There are also those who are in a relationship but are conscious about their ambivalent attitude. These are the types that want to be in a relationship but can't sort out their feelings. They have the relationship in mind but think that there are also more important things, such as:

-Keeping things to themselves.

-Avoiding the pain relationships bring.

-Holding on to that great, single life.

-Being successful in your job.

-Not taking the risks.

Being ambivalent can lead you away from having a real relationship, but you can do something about it. You can control your desires and minimize these feelings of uncertainty. Here are some things that you can do about it:

1. Always be realistic about your goals.

When you have all those voices in your heading giving their opinions on things, like how to run your relationship, your job and your life- it can get you beat up. Remember though, that you can never muffle out all the sounds. All the decisions that you make often times come from inadequate data. Unless you are sure that you are 100% of the outcome then hold back making a decision. Or else, you'd end up making goals that can be far away from your reach- or too good to be true.

2. Pay attention.

When those feelings start to stir inside you: doubt, fear, hesitation and confusion- then try to take a break. How do you tell? Here are the ansswers: (a) When you are always asking for second opinion with friends; and (2) When you are always going after those obsessive conversations about relationships. When you feel that you are going there then you have to stop and decide for yourself. What do you really want? If you can't decide then you won't get it.

3. Keep away from ambivalence.

If you find yourself stuck with it, then think more positively. Think that you are sure about your decisions, that you are not as ambivalent as you think. Do something about it since your actions can change the course of things. When you act, you get results. So instead of thinking about all the uncertainties that relationships can bring- confront it. Act instead of just thinking. If you try and behave that a loving relationship is a priority for you then you'd get more results rather than confusing yourself. This get to help you decide which things are really important.

Having those feelings of uncertainty and it's not entirely good or bad. Nourishing or ignoring these feelings will not make them go away. Just acknowledge these different points of views and sort them out. By doing so you can carefully weigh your options before making a decision. Having good decision making skills can help you especially when it comes to relationship. You just have to remember that you don't only think for yourself, consider your partner as well. Dealing with these feelings will be more beneficial for you.

Tuesday, September 4, 2012

Be Careful of Vendor Finance Scams

There are some vendor finance scams out there have become a nightmare of the people who want to choose vendor finance as a way to start their own businesses. In order to make sure you get the right opportunities from vendor finance, you need to know what to look for with scams.

You may say that there is no way you would ever be taken advantage of like that. Yet you need to realize these scam artists are very good at what they do. They have carefully studied the methods of legitimate vendor finance programs. They likely have even been to many of those presentations. Every move the make is very calculated so you are drawn in. They want to make it as realistic for you as they can. Then when you make your down payment they will be able to run with it and leave you with nothing in return.

Another common scam is that they will include fees and clauses in the contract that will result in them getting a huge chunk of your profits. While you may not be agreeing to this upfront, if you sign the contract then you are bound by the terms of it. No court of law is going to accept the excuse that you didn't read it all or that you didn't understand it.

You need to know all you can about the vendor finance company before you work with them. How long have they been in business? What are their goals and their methods used for increasing their business? What is in it for them to help you with the funding you need for your own business? Take the time to read independent reviews online from other people that have worked with them. You also need to check with the Better Business Bureau to find out if any complaints have been logged.

You should reconsider whether you would work with them if you can't find any information on them at all. It could mean they continue to start up under a new business name, scam people, and then change the name to stay ahead of the game. With a reputable vendor finance program you should be able to come across plenty of good information about it.

Read all of the information careful before you sign on the dotted line. The paperwork for vendor financing can be lengthy and it can also be boring. Yet you don't want to commit yourself to anything without fully understanding what you will be required to do. Otherwise you set yourself up to be taken advantage of. Financially, it could destroy any chance you have of a successful business.

It may be a good idea to have an attorney look over the documents for you. If you aren't sure of what some of the terms and conditions mean, then ask the attorney explained to you. This extra precaution on your behalf can prevent you from getting involved with the wrong vendor finance company. If you feel that the company is pressuring you to hurry up and sign it then take that as a red flag that it could be a scam.

Anyone can be taken for a ride from a vendor finance scam so doesn't let you become a victim. By knowing what to look for and common tactics they use you can be better guarded against it. Should you become the victim of such fraud make sure you report it to local law enforcement. Too many people are embarrassed to do so. Yet that only gives these con artists more power to continue doing it to other people.

Sunday, September 2, 2012

The Process of Buying & Selling Commodities

Part of the process of buying and selling commodities is the order. There are different types of orders are available to use. The order is the contract between a commodities buyer and a commodities seller that gives the buyer of the option the right (not the obligation) to buy a commodity or to sell a commodity for the strike price, this is an approved and agreed upon price by a specific date. The offer expires at the end and the contract would need to be rewritten if the buyer wants to have the option again. Some of the orders that are available when buying and selling commodities:

* Market Order-this is among the most common type of order. With this type of order, the customer chooses a specific commodity or commodities that he or she wants to buy or to sell. The customer chooses the number of contracts that will deliver monthly. The contracts will not have a price on theme. Where the price will go, it will say either at the market or it will say