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25
May

Frequently Asked Questions About Car Title Loans

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car title loansPeople who need to borrow money very quickly often turn to car title loans to help them out. These are very flexible loans and are not just very quick, but also available for people with bad credit, which makes them very interesting. However, before you go ahead and apply for car title loans in Gardena, you should make sure you fully understand these types of financial products. Hopefully, this FAQ will help you with that.

Q – What Is a Title Loan?

Basically, they are loans that are secured against your vehicle. It can be any vehicle, from a regular car to a personal airplane or even a boat. What matters is that you are the title owner of this vehicle and that the title is free from any liens. This includes finance. If you do still have finance on your vehicle, an auto equity loan may be more suitable.

Q – Will I Qualify?

It is impossible to guarantee that you will be qualified unless you actually put in an application. However, the requirements for these loans are really easy to meet. Besides be a clear vehicle title holder, most lenders look for someone who:

  • Is at least 18 years old (21 in some cases).
  • Is a permanent and legal resident in this country.
  • Has an active bank account with direct deposit facility.

Credit status is not important and many lenders don’t even require you to be employed, although it is often preferred.

Q – What Kind of Car Is Accepted?

Generally speaking, any type of vehicle and any make and model will be accepted for a title loan. However, the minimum a lender will usually borrow you is $601 (from which point higher interest rates are allowed to be charged by law), and they will usually not borrow you more than 50% of the value of your vehicle. Hence, your car should be worth at least $1,300 in order for you to be able to get a loan against it.

Q – How Much Can I Borrow?

Again, this depends. The minimum tends to be $601 and most lenders have a maximum of $5,000, even if your car is worth more than that. If this is the first time you have applied for a loan through a certain company, you are likely to be offered less than if you have gone through several successful applications.

Q – How Long before I Get my Money?

The application for car title loans in Gardena is very quick. A decision will usually be made almost instantly. Most lenders also guarantee that you will have the money in your account within 48 hours. Some even guarantee the same day, so long as it is within banking business hours.

Q – Can I Keep my Car?

Yes. Some lenders will want you to hand over your spare keys, or they will put a remote locking device on the ignition. Usually, however, all they will want is to hold on to your title deed.

25
May

Even High Earners Are Living Paycheck To Paycheck

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Living paycheck to paycheck is not just a problem for lower-income workers. Studies have found that many high earners are also finding themselves trapped in the living paycheck to paycheck financial cycle. A recent survey by SunTrust found that almost one-third of survey respondents making $75,000 per year or more are living paycheck to paycheck on occasion. The same survey found that nearly one-fourth of the respondents making over $100,000 annually do as well. The SunTrust survey polled 518 adult respondents in households with a combined income of $75,000 or higher.

One of the biggest culprits for this trend in living paycheck to paycheck is lifestyle inflation. Many people that receive a raise, a bonus, or some other type of increase in their income begin to spend more money instead of maintaining their current lifestyle and saving the additional money. For example, 68 percent of the survey respondents that acknowledged they were not saving as much money as they should cited expenses from dining out as the main reason for their lack of saving. Entertainment and clothing expenses came in close behind. This shows that their discretionary spending is out of control, not that they are not making enough money to meet their necessary expenses.

So how do you break the living paycheck to paycheck cycle? The first step is to figure out where your money is going each month. Establishing a budget and tracking your expenses will show you what you are spending your money on each month and how much you are spending in each category. If this sounds like a lot of work, it can be if you do it by hand in notebooks or on sheets of paper. Fortunately, there are a number of free apps that will link to your bank and credit accounts to log your transactions and categorize them into easily viewed budget categories. A favorite app for this task is Mint.

The next step is to reduce your spending to a more manageable level that allows you to have money left over for saving. This could mean limiting dinners out to once or twice a week and cooking the rest of the time, getting rid of memberships and subscriptions that you do not need, establishing a set amount for entertainment each month, or getting rid of the premium packages on your cable bill. Most people have many areas of spending that could be trimmed if necessary and living paycheck to paycheck makes reductions in spending necessary.

23
May

Unclaimed Money May Be Waiting For You

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Millions of people across the nation are owed money from housing deposits, refunds, old pension plans, and forgotten bank accounts, as well as numerous other types of financial windfalls. It is estimated that nearly $41.7 billion is currently held in government unclaimed-property programs. By law, companies can’t keep that money and must turn it over to the state for safekeeping if they can’t find you. The great thing about finding this unclaimed money is that the money already has your name on it because it’s yours.

It is free to search for unclaimed money using websites provided by the government and related agencies. One of the best websites for finding unclaimed money is the National Association of Unclaimed Property Administrators (NAUPA) website. NAUPA links to every state’s unclaimed property database, making it easy to find whether you have any unclaimed money under your name by doing a simple search.

Another large source of unclaimed funds are mature treasury bonds that have gone unclaimed. The Treasury Department holds billions in unclaimed bond money from the 25,000 payments it gets back annually. The Treasury Department maintains a Treasury Hunt webpage to help people find if some of that money is owed to them.

You may also be owed money from the IRS that you are unaware of. This frequently happens when an employee makes too little money to file taxes, but the employer withheld money from the paychecks to pay income taxes. To get that money back, you need to file a return with the IRS within three years. If you moved and missed receiving a refund check, the IRS will reissue the check if it’s within 12 months of when you filed.

If you were ever employed by a company that offered a retirement plan or had a failed pension plan, you might be owed money from the company. Many people leave the company they are employed with before they are able to claim the money in their retirement plan, leaving millions of dollars in the hands of these companies. The National Registry of Unclaimed Retirement Benefits post the names of employees due retirement benefits that the companies have been unable to locate and make contact with. Failed pension plans are generally taken over by the Pension Benefit Guaranty Corporation, which maintains a website to help workers find out if they have pension benefits available under the old plans.

When searching for unclaimed money, you must be careful because a number of scammers and scam websites try to trick you with the promise of finding your unclaimed money for you. Some of these scammers try to charge you a fee for conducting the search while others use the allure of unclaimed money to get you to reveal personal information, like your birthdate and social security number. If you find that the website you are on is asking you for money to proceed, you are probably on a website that is trying to scam you.

19
May

Using Social Media to Benefit Your Business

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IMG_1256Is your business looking to build its online profile? Today, using social media to engage with your target audience is the sharpest way of cutting into new business opportunities. Traditional marketing strategies still have influence, but for quick and effective results try social media to build the visibility of your brand.

What do you do when you want information about something? You go online, just like the rest of us tend to do. By giving yourself a prominent online presence, you can reinforce your brand’s visibility and ultimately it’s message.

It’s a platform game

If you haven’t already, catch up with the rest of the world and sign up for all the social media accounts you can. In business the main ones to consider are Twitter, Facebook and LinkedIn. Other online platforms such as Google+, Pinterest and Instagram are also effective, depending on the type of business.

Social media is good for promoting businesses, services and individuals, keeping them in people’s thoughts on a continual basis. This is reflected in the “always on” nature of information that platforms such as Twitter promote. Here, news of competitions, coupon codes, press releases, special limited time offers, product announcements, fresh collections, links to promotional video clips or interviews, sharp copy and even sharper images can all be pumped out constantly, 24/7, to a global audience. For customer service queries and two-way dialogue with clients, Twitter functions well; for marketers it is a flexible, powerful way of accurately targeting likely leads. Take the example of dog food. With Twitter it is easy to find dog lovers using hashtags and lists, thereafter you follow them – if they follow you back you can set about introducing your product. The power of social media, harnessed effectively, pushes your brand into the eye-line of online audiences every waking moment.

Twitter users with expertise in a certain area regularly collect large followings because they have something unique to say, backed by serious experience and credentials. Denver based Consumer Capital Partners headed by Rick Schaden are a big player in the world of fast food restaurants and dining in general. As CEO of Quizno’s, Rick Schaden tweets about his enthusiasm for food and directs followers to interesting articles on mouthwatering topics, as well as other tweets promoting good causes on his home turf in Colorado. These tweets offer a personal take on the industry he is passionate about and give fascinating insight into his world and the issues that matter.

Join the brand

Twitter in particular is great for reputation management and reinforcing brand messages. Tweeting on topic areas relevant to your business has the twin benefits of engaging followers while pushing your message or product constantly. An interesting Twitter feed can attract attention far and wide because as the number of followers grows, so do the instances of re-tweeting and sharing of your 140 character nuggets of wisdom.

In business there will always be a place for face-to-face interaction with clients, but if you are smart and combine a strong online profile with winning branding, social media can extend your marketing reach without becoming impersonal.  At the end of the day, your business will be more visible with a social media boost, so can you afford not to join the social media party?