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smart debt

Debt

Guide To Saving Money On Business Loans

When establishing and operating a small business, entrepreneurs use a large variety of sources to fund the requirements for capital and revenue expenses. Usually the start is made with own savings and credit card purchases, and when the demand for funds increase, institutional lenders like credit unions and banks are sought out for additional loans. If the business is doing really well and holds out great promise, additional funds can be infused by angel investors or private equity investors who will take a portion of the equity of the company and exit with hopefully fat profits at the time the company makes a public offering.

During the course of this great journey often entrepreneurs lose track of how they have funded the business, and end up paying unnecessary interest that they could have saved and ploughed back into the business. Take a look at some common methods that will help you save valuable money.

November 4, 2015

Debt

Small Dollar Loans With Rates You Can Trust

Throughout the course of your life, emergencies can and will happen. Unfortunately, they usually come at a time when you’re not financially prepared to handle them. Cars will break down, several unexpected bills will pop-up, and an urgent trip to the hospital will throw your budget out of whack. But when these mini crises require immediate payment, who will you turn to? Do you have a nest egg that you can draw from or a family member you can rely on? If you’re like many Americans, you don’t. For those who are struggling to find ways to pay for the unexpected, a small dollar loan is your solution.

There are many lending options available to you, but not all of them should be considered. Predatory lending companies are famous for setting up their clients for failure. With opaque terms (written in lofty language) and rates that are guilty of usury, borrowing from some lending companies can turn what was a simple shortage of cash into serious debt. That’s why the United States government has regulated the terms and conditions that lenders can impose. You should only trust your loan and finances to a lender that has been state licensed.

October 30, 2015

Debt

Qualities To Look For In A Lender

There a number of times in a person’s life when they need some extra money or even a loan for a home. When situations like this arise, finding the right lender is a vital part of getting the money needed. Usually, there will be no shortage of lenders to choose from in the Toronto area and selecting the right one will require a person to do a good bit of research. The more a person is able to find out about the lenders in their area, the faster they will be able to make the right decision. Here are some of the qualities that a person needs to look for in a lender.

Responsive to the Needs of the Customer

When choosing a lender, you will need to make sure that they are responsive to the needs you have. The best way to gauge the responsiveness of a lender is by scheduling a face to face meeting with them. During this meeting, you will be able to get a feel for how well a lender communicates and how willing they are to gain your business. Taking the time to schedule these meetings will be more than worth it considering the benefits they can bring.

October 12, 2015

Debt

Things To Avoid If You Want To Stay Out Of Debt

Debt is a terrible thing that can be a burden on your life. Many people fall into financial debt because they make bad decisions and do things they shouldn’t. When you’re in debt, it can be very hard to get out of it! Here are three things you should avoid, that can lead to debt:

September 22, 2015

Debt

Easy Student Loans

Taking Out A Student Loan

If you are a student, you probably already know all about student loans. Student loans are loans that are available specifically for students to cover the costs of tuition and board. There are government student loans and private student loans. You need to apply for these and based on the amount of money available to your school, your family’s financial situation and the number of students that applied for loans, you will be offered a loan amount. Many people find that their student loans are not enough to get them comfortably through college and they need extra cash above and beyond what the loans offer. There are some smart finance solutions that you can consider to help you through.

September 17, 2015

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