Wednesday, April 30, 2008

Your Guide to the Credit Crunch

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by Tom Heath

Over the last 6 months we have heard about a 'credit crunch' that is affecting the global economy. This credit crisis has resulted in many people struggling with their personal debt and seeking advice from debt management companies. This situation raises many questions for most people who do not work in banking and finance. This article provides a brief overview of this 'credit crunch' and how it will affect you.


What is the credit crunch?

The term 'credit crunch' refers to a condition in the global market where borrowing is difficult to obtain. Banks and investors become less willing to lend money to both individuals and corporations. This drives up the price of debt products like credit cards or loans.


What caused the credit crunch?

Since 9/11 and the dotcom crash, central banks lowered interest rates to allow the global economy to recover. This resulted in a boom in the 'sub-prime' mortgage market in the US. This means that debt products were sold in huge numbers to people on low incomes. Typically these debt products were sold at low introductory interest rates. At the end of the introductory period their interest rates, and repayments, rose significantly. Many of these people on low incomes have been unable to maintain their repayments. This has resulted in the repossession of a record number of homes. The banks then have to write off these debts, effectively losing most of the money lent out.


That happened in the US, why does it affect Europe?
Banks in Europe bought these sub-prime loans that were pooled into financial products called collateralised debt obligations.
These banks are now left with financial products that are worth less and almost impossible to sell.

How does this affect me?

The cost of borrowing will continue to rise. This means that if you currently have any debt, for example credit cards, loans or mortgages you will see your interest rates go up. If you do not have any debt but are applying for a credit card, loan or mortgage you will find it increasingly difficult to have your application accepted. This is due to stricter criteria regarding credit application approval.


The overall effect of the credit crunch differs depending on who you speak to. Some say we are on course for a global depression similar to that caused by the Wall Street Crash of 1929. Others say that this is just a minor correction of the World's markets and the crisis will soon stabilise.

The latter may be hard to believe when you consider that a record number of people are seeking debt management, having their homes repossessed or are being declared bankrupt. It would appear that the effects of the credit crunch are going to be with us for some time to come.

Tom Heath has acted as consultant to various government and commercial organisations (including banks and debt management companies) regarding their preparations for a potential crisis in the financial markets. As well as a leading analyst of the the credit crunch he also runs his own debt management company.

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Tuesday, April 29, 2008

How To Plan Your Forex Journey

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by karen fairham

The forex market is the largest market in the world and growing. But just as the Forex market holds great promises it also holds even greater heart breaks for the inexperienced trader who jumps in headlong.

Most people hear about forex trading and go for a 3 day forex trading course and afterwards believe they are ready to trade forex, but they only learn how unprepared the are the hard way. I am talking from my own personal experience here and I can assure you the pain of seeing your hard earned money fast disappears are indeed a great pain.

But that said is the forex market really a big scam or is it for real? Yes it is for real and indeed you can make a living from it but there are a few things you need to know first.

* Educate yourself first and do it properly (there are books and a lot free materials on the net which will teach you)

* Identify the kind of trader you want to be (either a day trader or a swing trader) this will help you with the next stage which is building your trading plan.

* Have a trading plan (this is very important), reason been that if you do not have a trading plan I can assure you that you have planned to fail even before you began.

* Paper trade your plan to help you strategise properly and fine tune your trading plan.

* Then take your time to find a broker (when looking for a broker check to make sure the broker is registered)

Since Forex trading became popular there has been a huge influx of online forex brokers and trading platforms to the web. Finding your way through them all is a daunting task for most newcomers to forex trading. It is always best to open an account with an established broker with a good online trading platform.

As you go through your forex journey you will also encounter a lot of software peddlers, who will promise you pips upon pips every month. I am not here to dispute any vendor but rather to encourage you not to start of your trading journey with those bad habits that will lead to your failure. There might be some signal developers out there who are for real but it will do you no good to be dependent on these softwares when it comes to calling your trades.

for more information Forex Trader

Karen is a full time individual trader and shares her trading knowledge via her blog http://www.forexxtrader.blogspot.com

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Monday, April 28, 2008

Building And Keeping Good Credit

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by Jerry Clifford

All homeowners have at least one thing in common, besides being responsible for all their home's repairs. They all had to build good credit in order to get a mortgage.

A good credit score means that you have shown that you can pay back borrowed money on the terms laid out by the loan. Bad credit means you have missed payments, or owe more than ten percent of your credit balance. If you have never had a loan or used a credit card, your credit record is clear. If you want a mortgage, or a loan for any other large purchase, you will need to start small and prove that you are capable of repaying loaned money.

One of the first steps to getting good credit standing is to have active checking and savings accounts. While most people do have bank accounts, there is the rare exception. But you won't begin to build credit without at least one bank account.

The next step would be to obtain a credit card. Many lending companies do not want to give a credit card to someone who has no credit established yet, but some will. Shop around. Consider a department store or gas station credit account. These are a great way to start small.

If you have had a student loan, it is imperative that you make your monthly payments once you have finished school, or promptly apply for any type of payment relief program if you are eligible. Too many people just ignore their bills if they can't afford them, and this is the worst thing you can do to your credit score.

Once you have a credit card of some kind, the key to building good credit is to pay your bills on time. However, making your minimum monthly payment isn't always enough, especially if you are continuing to use the card. Try to keep your balance at no more than ten percent of the total credit amount that you are eligible for (that is, the maximum amount the company will loan you). Also, try not to use more than thirty percent of your credit maximum. For example, if your card's maximum is $10,000, don't use more than $3,000, and if you do, be sure to pay back $2,000 of it as soon as possible, ideally when your next bill comes. If you are continuously maxing out your card, and only paying back a fraction, it shows the company that you have irresponsible spending habits. Sure, they make plenty of money off of the interest you incur, but your credit score goes way down.

If you make late payments, it goes on your credit score, and can take up to seven years to be removed. So even if you can't pay back the amount that would keep your balance below ten percent, at least pay them the minimum amount that is stated on your bill.

Ideally, you will have a credit card that you use only for your regular purchases, with a goal of building good credit. This would mean you pay for groceries and utility bills on your credit card, then pay it all off each month. As soon as you begin to use a card for extra purchases that are above and beyond your monthly income, you begin a negative credit spiral. However, it is possible to get out of it fairly easily if you keep the amount small, but diligence will be needed. Also, keep in mind that the longer a balance sits on your card, the more you end up paying in the long run.

If you are having trouble obtaining any sort of credit card, see if a family member is willing to add your name to their credit account. Spouses frequently have joint credit cards, and if one of them has a good credit score, and the other has neutral credit, one benefits from the other's standing. Similarly, if you can't get a loan, including a mortgage, many lending institutions will consider you if you can get a co-signer, that is, someone with a better credit score than you who agrees to take responsibility should you default on your payments. But whatever you do, don't let this happen, or you'll be dragging down someone you care about's financial standing along with yours.

Jerry Clifford has received the prestigious 100% Club award for his success as a real estate agent in the Minneapolis real estate area. He is certified as an ePRO and prides himself on attention to detail. If you need help in your search for St. Louis Park Minnesota real estate, visit JerryClifford.com.

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Friday, April 25, 2008

Cash Loans: Affordable For Your Pocket

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by Antonio Vargas

Are you wondering from where you can borrow cash and surmount the sudden financial breach? To surmount unexpected and inescapable demands financial aid of cash loans are effective. This scheme is implemented to prop financially the limited income earners. Usually, this category is trapped by certain ends for which they are monetarily not prepared. Thus, they strive to arrange extra cash to get rid of the ends. Applying and considering the benefits of this loan plan cuts down the process of procuring cash. Applicants in this scheme can grab cash without pledging collateral. Instead of the collateral, applicants have to meet the simple eligibility criteria. Applicants should be regular employee and hold a valid bank account is the basic eligibility criterion. The cash provided in the form of loan mounts from £100 up to £1,200 with 30 days of stipulated payback term. Lenders might grace the amount based upon the credit profile of the applicants. Bad credit holders can also take the advantage of the loan because no credit checks are followed.

In the present scenario the benefits of this loan has become popular. More and more people are at a rush to subscribe the offers of this scheme. The funds help the borrowers to cater the urgent end in the indispensable financial crisis situation. Medical bills, electricity bills, credit card bills, travel expenses, grocery bills, car bills etc. can be disperse without any delay.

The interest rates of these offers are slightly higher. But due to the fierce competition among lenders applicants can easily spot lenders ready to negotiate on interest rates. The effective measure to derive cheap and low rate of interest is to contrast the different loan quotes. Loan calculator is also another tool that helps applicants to have a preview of monthly instalments.

Though short the repayment is it comes with flexibility. While repaying the cash if applicants experience any inconvenience then they can extend the due date. The rider to waive payback date carries a fee.

Thus, all the sudden emerged ends and financial disarray can be surmounted by subscribing the benefits of cash loans.

Antonio Vargas has been associated with Cash Flow Loans. His articles provide you useful knowledge to find the right financial product at the right price. To find Cash Loans, cash flow loans, business cash flow loans, fast cash loans visit http://www.cashflowloans.org.uk/

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Thursday, April 24, 2008

Travel insurance: Annual or Single Trip Cover?

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by Barracuda Digital

Travel insurance should be considered essential. Wherever you are travelling to, whatever you are doing, there is always a chance something could go wrong. Each year, around 25% of travellers go away without adequate cover, risking big bills if something unexpected was to happen.

Making the decision to buy travel insurance may be easy, but there are things to consider. If you travel frequently, an annual multi-trip travel insurance policy might make sense. Annual cover can be found from as little as £29.00 for someone aged 65 or under who requires European cover, with Worldwide cover from £48.00. Usually paid in a one-off purchase, annual insurance policies offer you peace of mind, knowing you are covered for 12 months of travelling and that you don't have to worry about booking insurance every time you go away.

Family rates are also offered, often with children covered for free. For example, a European annual policy for a co-habiting couple and any number of their dependent children can cost as little as £46.00, adding just £17 to the price of an individual policy. As well as representing good value-for-money, family policies are also usually quite flexible and can include independent cover, meaning the insured travellers can travel separately from each other for a specific period of time.

Single trip travel insurance can be found from just £8.50 for a week in Europe. If you travel three times a year or more, three separate week long trips would equate to £25.50 – just another £2.50 would buy you an Annual policy in case you took another little trip within the 12 months.

Some annual multi-trip policies have no limit on the number of trips you can take, meaning they can prove extremely cost effective to frequent travellers. Some can also include skiing as well, covering all your types of holidays in one payment.


Do bear in mind trip limits – most travel insurance policies have a restriction on the number of days you can travel per trip, although the limits are often more than sufficient for the average traveller. For example, Direct Travel Insurance's Premier Plus Worldwide annual policy covers unlimited trips in the year, and each trip must last up to 62 days. Make sure you check the cover though, as some travel insurance providers may have a limit on the number of trips you can take during the 12 months.

Also ensure you are covered for the right travel area, and that you're not travelling to Australia on a European policy, for example.

(Prices are based on Direct Travel Insurance's Standard policy.)

Direct Travel Insurance
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Shoreham-by-Sea
West Sussex
BN43 5FF
Tel: 0845 605 2700
Fax: 0845 605 2710

Rob James is the Communications Coordinator for Direct Travel Insurance, providers of travel insurance.

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Wednesday, April 23, 2008

Which Debts Need Paying First

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by CarsonDanfield

The debts that need paying first are the ones that will cause you the most grief if left unpaid.

It goes without saying that taxes are at the top of the priority list as the IRS has more powers than anyone to recover the monies owed to them and failure to pay their account on time will not only result in interest but also penalties that can quickly mount up to more than the original debt.

Medical debt is also high on the list of priorities and it is essential that you look after your health and that of the members of your family. Without good health you will need more money to pay for your health care and if you can't provide sufficient health care for yourself and those who are under your care then the long term problems that can come about from that are often much more costly than the original debt.

Student loans and child care support are both top priority as they are debts where government departments get involved and they have wide reaching powers to recover monies owed to them to such an extent that they can actually make your debt reduction program more difficult to achieve.

You should learn to prioritize all aspects of your life from the debts that you need to pay first to the tasks that you need to get done each day. Time management will help you through your daily tasks and financial management will ensure that you have the least problems possible with your creditors by paying those who must be paid first.

Just because a debt collector starts putting pressure on you to pay a minor debt doesn't mean that other more important debts should wait for payment. Take control of the situation in all instances where possible and stay with the budget and the process that you have created for efficient debt control.

Carson Danfield is an "Under the Radar" Internet Entrepreneur who's been quietly selling various products for the last 8 years.

For more useful info and tips for "which debts need to be paid first", be sure to visit : -http://www.info5000.com/DEBT-MANAGEMENT

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Monday, April 21, 2008

Is Forex Trading Actually Profitable?

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By genius7

The idea behind this Forex trading software is you can make a large amount of money in just a few hours of trading in your day at no matter what time. This software is for the biggest newbie to the most novice, it is known for making a incredible income from your home in an extremely short amount of time. Forex Killer is the best software for any kind of forex trading. It is an extremely profitable system and it allows anyone to earn thousands of dollars every single day. It involves some low risk but very high returns. Unlike any other home based businesses that demands hours of work, you can spend only a few minutes every single day and earn thousands of dollors.


The aspect of Forex trading has so much to do with timing. It's all about the alluring the trend at the best time with the right currency. You make your trade and exit when you see the correct price reached.

Since timing in the Forex market is so vital, most professional forex traders pay someone for the services of "signal generator" companies. These companies accumulate all the information and trend breakdown data and inform traders which currencies are most profitable that day and at that time.

Forex trading is when someone buys and sells different currencies in the idea of making money off of trends in the exchange rates. The aim is direct, but fortelling exchange rates can be a challenge. The exchange rate is directly how much of one currency it will take to buy a different currency. The idea is to sell the same currency for more of your currency than it cost you to buy it. This way you get back your initial investment plus a profit.

One logic that is attractive to some people with online Forex trading is the hours that you are able to trade. So many of the investments that you can get into are accesible for buying and selling at only certain times of the day. However, with it always being daytime somewhere, and because the internet is available at all times of the day, Forex trading online is not limited in by this.


The Forex Killer Software uses different mathematical formulas to evauate when to buy and sell foreign curriencies. It pretty much works by breaking down the percentage in PIP change and computes a complete buying/selling formula. I found the software extremely user-friendly. Forex killer was created by a mathematics professor, a behavioral psychologist as well as a highly experienced forex trader. It works in any country with every broker. It adheres to each and every currency pair and any financial market.
It is 100% Risk Free and offers 8 week full money back guarantee. So, if you are not satisfied with it, you can get full refund of your money.

For more info Click Here! or visit my blog at http://workfromhomemomma.blogspot.com/

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Friday, April 18, 2008

Credit Repair and Your Mortgage Rate

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by Jim Kemish

Mortgage Time

Your mortgage is probably the largest financial obligation in your life; and the interest rate on your mortgage can have a major impact on your monthly budget. Here is a very important fact you may not be aware of. Early in 2008, with very little publicity, mortgage lenders began to implement new risk based pricing schedules. Risk based pricing is tiered pricing based on credit score, and will affect your life more than you think.

What Risk Based Pricing Means to You

Tiered mortgage pricing may sound like old news, but it is a significant departure from old pricing methods which treated all prime borrowers the same. Under the new pricing methods you may qualify for the best home mortgage available, but end up paying a premium rate if your credit scores are in the low end of the acceptable range. Conversely, you will be rewarded for having excellent credit. The potential payoff from an intelligent credit repair effort has never been greater. From now on every point on your credit score counts.

The Subprime Dilemma

In mid 2006 subprime lenders began to close their doors. Today only a few subprime lenders remain. There was a time when a subprime mortgage was a reasonable alternative for a borrower with credit issues. In many cases subprime rates were comparable to prime loan rates. Those days are over. Subprime rates now carry a significant premium. Many borrowers find themselves faced with a choice between a subprime mortgage and postponing their purchase until their credit improves. Many prospective borrowers choose to delay their purchase and join a credit repair program.

Credit Repair, Getting Started

There are many ways to repair your credit. If you do not have any time constraints, I advise you to contact a credit repair professional for a consultation and then do whatever is needed to clean up your credit and optimize your credit scores. If you have limited time you will want to be very cautious about making any changes. The right choices can translate into thousands of dollars over the life of your mortgage.

Credit Building

You may be aware that mortgage lenders often require that you have a minimum number of current accounts reporting on your credit. Aside from this common lender requirement, open accounts will be a boon to your FICO score. If you have limited credit you may want to open two or three new secured credit cards; credit building is often a critical step in the credit repair process. But beware that it can take up to four months to get the benefit of these new accounts. In fact, initially your credit score will fall. This is because the FICO model will see a new inquiry and a new account with no track record at all. So, if you need your credit score in the immediate future you should not be opening new accounts today.

Reduce Those Revolving Balances

Reducing your revolving balances can have a significant impact on your credit scores and provide a great start to your credit repair effort. The current FICO scoring model considers 5 different debt-to-limit ratios. The lower your balance compared to your credit limit the better your score. The 5 ratios currently in use are 20%, 40%, 60%, 80%, and 100%. If you have the ability to reduce your balances to below 20% of your limit you will get the greatest benefit. The potential impact is so significant that many people borrow from friends and family to make this happen. On the other side of the coin, to let your balances approach 100% of your high credit limit can shave 50 points or more from your score.

The Power of a Rapid Rescore

If you have paid down the balance on a revolving account and want to accelerate the process of updating your credit scores, you may contact the credit card issuer and ask for a letter stating your new balance. When you get the letter, give it to your mortgage broker and ask them to do a rapid rescore. Within three days your scores will be updated to reflect the new low balances. A rapid rescore is a powerful credit repair tool offered only through mortgage brokers. You cannot request a rapid rescore through the credit bureaus.

Watch Your Step

If you will be applying for a mortgage soon you should be cautious about all credit activity. Paying down account balances is always fine, and opening new accounts, as mentioned above, may be a necessary step in your credit repair program if you have enough time. Generally speaking any credit repair effort should be made carefully with an understanding of the implications for your FICO scores. If you are uncertain, consult a professional. It's your credit!

Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.

Jim Kemish, a nationally recognized credit repair and restoration expert, is the president and founder of Sky Blue Credit, a leading credit repair service since 1989. Jim is also the president of Power Mortgage, a Florida mortgage company based in Delray Beach, Florida.

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Thursday, April 17, 2008

Automatic Forex Trading - Use These Simple Tips to Pick the Best Trading Systems

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by Monica Hendrix

Automatic trading software is seen by many as a great way to trade forex markets. It requires no previous experience, is very time efficient and the good ones can build long term. How do you choose the ones that make money let's find out...

The first point to make is that most of the automatic forex trading software on the net simply won't make you money, if you think you are going to get rich for the price of a night out your mistaken.

Forex trading is not east that's why 95% of traders lose money and while automatic trading software can work you need to be very careful in how you choose one and this is what were going to look at now


First - if you see great advertising copy which looks to good to true it probably is and chances are you will also see the warning below NEVER consider software with this on it here it is:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

These track records are not worth the paper their written on - there made up knowing the closing data and that's easy.

I made the mistake 20 years ago of buying software that claimed 100,000 in profits quickly and bought it for under $100.00 -, now looking back I found the old sales copy (which was great) but also the disclaimer but of course being new to the industry and naïve I bought it without considering that it was so cheap and hadn't been traded.

Huge numbers of traders make this mistake and it is guaranteed to lose you money so beware of the disclaimer.

Just think to yourself - if the vendor hasn't had the courage to trade his own software why should you and why if its that good are you being told about it and offered it so cheap? You know the answer now!

What you need to do is look around for software which has either been independently tracked by third party or has been traded for real with an audited track record and that means broker account statements

These software packages will tend to be in the $1 - 10,000 + range and many are well capable of producing more than there cost - but again be careful, only buy ones you understand the logic of and you have confidence to follow.

If you don't have confidence - you won't have the discipline to stick with them through losing periods and will throw in the towel when you hit a few losses. Keep in mind if you don't have the discipline you may as well not have bothered buying one.

Automatic forex trading systems are all the rage today but stop to think before you buy and do your homework and make sure you find one that's tested, you have confidence in and can follow with discipline - if you do that you have a good chance of making some great forex profits.

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Wednesday, April 16, 2008

Bad Credit Credit Cards Are Within Reach For Anyone

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by C.R. Hayes

If you fall into the category with the millions of others who have less than desirable credit, you are eligible to receive your own bankcard, or as some would call them, bad credit credit cards. Even if you have been previously rejected, rest assured, you can qualify for an unsecured bad credit card.

Many people believe that in order to receive a line of credit, they have to put up their own money for a secured card. This isn't exactly true. There are other means. You don't even have to have a checking account either, as you may have been lead to believe.

There are companies who work specifically with folks in this situation. They help by giving you a second chance and enabling you to receive good marks on your credit report each month. In essence, they assist you in rebuilding your credit and getting back on your feet again financially. At the same time, you can enjoy the freedom of using your new credit card for purchases on the internet and at retail establishments.

How this can help you:

* Gives you flexible spending, where cash or check is not convenient.
* When you make your monthly payments on time, it is reported to 4 major credit bureaus each month.
* Helps to rebuild your credit rating.

Wouldn't it be nice to have a low APR on purchases? You can indeed get it.

You can apply for an unsecured MasterCard® or VISA® and receive an instant decision today. No waiting, well, maybe 60 seconds after you submit your online application. It couldn't be any easier.

Find out more about how you can get a bad credit credit cards. Enjoy the freedom of purchasing conveniently, and start rebuilding your financial future at the same time. You can conveniently apply online at http://www.bad-credit-lookup.info/credit-card-for-poor-credit.html and get an instant decision today.

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Tuesday, April 15, 2008

This is What a HYIP is...and isn't

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by BusinessJudge

High Yield Investment Plans occupy a section of the financial markets that reside in a murky, shadowy corner. Not many people know what they are, and those that have heard of them are probably convinced that they're dishonest (they may be right). Let's see if I can clarify some of the mystery surrounding HYIP's

HYIP is an acronym that covers a lot of financial territory. It has, in the past, conveyed the idea of an investment vehicle offering a high rate of return along with increased volatility and risk.

Some investigators believe that the majority of HYIPs are Ponzi schemes, in which new participants provide the cash to pay a profit into existing investors' accounts.

The problem now is that HYIP's have evolved into "business opportunities" of dubious quality and honesty. Generally now a HYIP is run offshore from the U.S. and therefore not legally bound by U.S. financial laws and regulations. In fact, they are nothing more than a web page with an email address. The web site will show some successful looking men and women involved with the world of high finance along with some articulate words about how you too can participate. Some HYIP's suggest incredible returns on your money; even promising a "guaranteed" return of 1% - 2% a day or even up to 300% - 400% a month.

They'll make vague references to some esoteric investment opportunities they've uncovered, or perhaps a black box financial analytical tool that they have worked out that will subsequently delivers incredible returns on your investment.

You want to know what does seem to happen frequently? A HYIP will take in investment money, generate some earnings and actually pay out wonderful returns to a few investors. Word spreads in the community and at this point they appear to have achieved a level of authenticity and reliability. However, suddenly and without warning their web site goes off line and all remaining investors are left wondering, "Gee, what happened?"

Here's what happened. They opened their doors...money came in and they paid some of that same money to establish credibility. Then more money came in which they kept. Suddenly their doors are shut, their web site is no longer available and you can't get a hold of them.

As you will find if you monitor various HYIP monitor forums, a large number of HYIP participants will continue to participate in new schemes even after they have lost money in previous ones. This suggests that many of the participants are aware of the risk, and know that most HYIP's are fraudulent, but choose to put money in the programs anyway. This kind of irrational risk-taking behavior is typical of gambling addicts.

Don't be fooled by promises of huge returns, they're not really possible. Use some common sense refrain from being greedy and you'll hang on to your money longer.

Sign up for the free course, and discover some inside tips to narrow your search for the right home based business. Not only that, you'll receive updates when we review different small business opportunities to help you decide which home based Internet businesses are good, and which are junk. http://www.businessjudge.com/

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Monday, April 14, 2008

Trade Forex on Auto Pilot with This Proven FREE Forex Trading System

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by david Windsor

Many forex traders want to trade on auto pilot and simply follow trading signals generated by a system, without having to make subjective judgements. Here we are going to give you one for FREE which is proven in terms of its profit potential.

The system is Richard Donchian's 4 Week rule and has been the basis of many successful trading systems around the world.

Big fans included trading legends such as Richard Dennis, so if its good enough for him its good enough for you!

The system was originally developed in the late 70s to trade commodities but can be used on any trending market and currencies trend well.

Now this system is so simple it consists of just one rule and here it is:

1) Close any short positions and go long whenever the price exceeds the highs of the previous 4 calendar weeks.

2) Close any long positions and go short whenever the price falls below the lows of the previous 4 calendar weeks.

If the system is run with a SAR (stop and reverse), the above system will always maintain a position in the market (either long or short).

Does it work?

Back test and you will see it does.

Of course it works very well in trending markets ensuring you are on the right side of every big move -
but like all trading systems there is a downside:

It will get whipped in a choppy sideways market and here you may wish to consider some filters:

A common solution to this problem is to enter on the 4 week rule (the breakout), and to exit on a shorter time frame such as 1 or 2 weeks.

Traders can also use other exit rules i.e. exit when a moving average is broken. For example, applying a 10-day moving average as the exit - A 10-day moving average is one-half of the entry signal (four weeks is of course 20 trading days) is period we like. You can also experiment with ADX RSI and MACD filters if you wish.

Many traders ignore this system; after all it's not trendy or complex like chaos theory or artificial intelligence based systems, or full of mystical nonsense like Gann, Elliot Wave or Fibonacci - but it works.

Simple systems work better than complicated ones as they have fewer elements to break. If you are interested in making money long term and have a disciplined nature you will like this system.

If you believe complexity will beat the markets, they move to a scientific theory or enjoy the buzz of trading frequently - you won't like it - This system is all about making money long term in a disciplined fashion.

The 4 week rule is simple you can customize it to restrict losses, by adding filter and it will have you on the right side of every major move - do that and you have great profit potential.

So if you want to trade forex on autopilot and make big long term gains, consider this free system and you maybe glad you did.

NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading Pdf's, with 90 of essential info and more on Breakout Forex Trading Systems visit our website at: http://www.learncurrencytradingonline.com

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Sunday, April 13, 2008

Trading Shares Using Leverage

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by Roy Masters

It is important that before you consider using leverage to trade with, that you understand the risks involved and how adding leverage to you trading plan will effect the investment.

Two examples of using leverage/margin to trade

Regular shares

After opening a margin account you would be required to make an initial deposit, which can range from $2,000 to $5,000 and up depending on the broker. This initial deposit also called the minimum amount sets your starting point for trading. If you deposited $2,000, you would have $4,000 of buying power (your $2,000, plus $2,000 from the broker).

You can margin up to 50% of a stock's price in most cases. For example, if you wanted to buy 100 shares of a stock selling for $20 per share for a total of $2,000, you could margin $1,000 of the purchase price. In other words, you would use $1,000 of your money, known as the initial margin, and the broker would loan you $1,000.
In this example, if the share price was to increase to $25 per share with the total value now being $2500; this would give you a $500 profit on your $1000 investment. As this was the actual investment on your part. His would represent a 50% return on investment before fees.
An example of using leverage to purchase CFDs

When trading using leverage you are asked to deposit a small percentage of the overall cost that would otherwise be required if you were to purchase the equivalent shares in the physical market.

Even though your outlay is small in comparison to the equivalent physical trade, you will still be exposed to the same potential profit and loss. This means your Return on Investment is magnified.

Calculating your initial margin requirement using a Share CFD example
The amount required to place a leveraged trade is known as your initial margin requirement.
You wish to buy a 2,000 Share CFDs at $5.00
The Share CFD has a 3% margin requirement
2000 x $5.00 = $10,000.00 (this is the total value of the position)

$10,000.00 x 3% = $300.00
Your initial margin requirement for this trading position is $300.00 excluding other charges such as commissions and exchange fees.
If the share value was to increase to $5.50, the total value of the shares would be $11,000. Based on the initial margin of $300; this represents a 333% return on investment.

So, you see in both examples trading with leverage can greatly increase your market exposure and potential profits. However, always back test your trading plan first and if in doubt, don't leverage.

Roy Masters is a technical writer for Masterful Trading.com.

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Friday, April 11, 2008

Condo Loans Becoming Stricter

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by Karen Hoeve

With the tightening up of mortgage rules and the returning caution of lenders (finally!) we are seeing a throw-back of some of the more vigilant practices that we were once used to.

Existing condo owners may be glad of the fact that some of this new thinking discourages loans for prospective condo owners who are buying explicitly for condo rentals (as opposed to condo loans that are for owner-occupied sales).However, a group has sponsored state legislation which, if passed, will protect non-resident condo owners from having to give up their rental rights.

Many condos do have rules about the amount of rental units they will allow and it is these numbers that a lender may be interested in.

Many lenders will only offer a mortgage if a complex rules that at least 50% of its units would be available for owner occupied residency only. With the stricter philosophy on loans now, some lenders even push their stipulation for this figure up as high as needing a guaranteed 70% residency requirement.

This could present two problems; firstly it will become more difficult for condo owners to sell their homes, as many rental options will be forfeited due to financing restrictions. Secondly, as this becomes a realization, the Home Owner's Association of a condo community may wish to limit or lower the number of rental condos permitted in their complex and/or permitted to be held by one owner.

There is no doubt that to live in a condo unit that is strictly owner-occupied is a far different experience from living next door to a rental unit. There are some parts of condo living which naturally spill into the neighbor's life: late nights, balcony noise, slamming doors and yelling etc.

Not that all renters will act like this, but on a two week holiday, people tend to let go of their inhibitions! Even long term renters do not have the same vested interest in their rental home as a resident-owner might.

It is partly for this reason that many condo managements have rules about the percentage-proportion of rental units that will be allowed in their complex. When a prospective buyer views a condo unit that is up for sale, it is very important to also 'view' the Home Owner's Association (HOA) rules.

The rules will state what percentage of units is allowed to be rental units. If you are planning to be a full time resident, you will want a complex which has a low percentage of rentals. (You also need to ask if the condos above you, below you, and to either side of you are rental units. This may be the reason why the condo unit is up for sale!)

The enormous increase in foreclosures has brought many more rental investors into the market, and one of the easiest rental options is a condo, as much of the maintenance is already taken care of.

High percentages of rental condos in a complex can de-value the sale price of a unit; it can also make it more difficult to sell. Many of the rental condo owners are hoping that they will be protected if their HOA decides to change the rules of rental percentages in their complex.

To this end, a group of real estate agents in California have sponsored a bill that protects condo-owners rights. The bill will allow condo-owners to continue owning their unit under the same HOA rules as when they bought the condo, even if the rules change by consensus.

This bill is mainly to protect rental rights that were in place at the time of purchase and may now be jeopardized; however, this bill, if passed, will be a useful tool for all condo owners to access.

Karen Hoeve is a Raleigh NC real estate agent. Her passion for helping people find the perfect place to live makes Karen the one to call if you're ever looking for a home in Bloomsbury real estate.

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Thursday, April 10, 2008

Mortgages form of debt

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by finance advisors

The word mortgage comes from the Old French word morgage which means literally "death-pledge." It is a form of debt that is secured by the borrower's real estate property and usually is for the acquisition of the real estate property that the mortgage is being placed on. This allows the borrower to purchase real estate without having to pay its entire value up-front. There happen to be many different types of mortgages including but not limited to: Fixed Rate Mortgages, Adjustable Rate Mortgages, Balloon Mortgages, FHA Mortgages, and Shared Appreciation Mortgages.

Fixed Rate Mortgages, as the title implies, have a fixed interest rate that will simply not change for the entire duration of the loan. The monthly payments are usually, but not always, a fixed amount as well. With an FRM the principal payment rises with each payment; the first payments are mostly interest, but with each payment the principal is a bit larger and the interest is a bit smaller. FRMs have different terms and usually last for 10 to 40 years.

With an Adjustable Rate Mortgages the interest rate can go up or down in accordance with the market at pre-designated intervals. The payments are determined by indexes such as Treasury Bills or the average national mortgage rate. The general appeal of these mortgages is that they often begin with a very low interest rate that gradually rises over time. The unpredictability of these loans has lead many to criticize them for preying on young homeowners who don't know any better.

Balloon Mortgages mature before the principal and interest have been paid off and the remainder is due in one large lump sum. They can be divided into two different kinds: Interest-only and Rollover. In an Interest-only loan, payments cover only the interest. The Rollover Mortgage is short term and must be refinanced at the end of the 3-5 year term. The Balloon Mortgages provide excellent protection against future interest rate hikes, but its short term nature and strict payment plan may make it a bit too risky.

An FHA Mortgage loan is federally insured by Federal Housing Administration. This gives lenders protection in case the borrowers default on their loan. It all began in the Great Depression when banks were refusing to give people mortgages and continues to operate today as a way for those with less than ideal credit to get mortgages. This type of loan requires the borrower to pay monthly mortgage insurance for 5 years or until the loan is paid down to 78%.

Finally, a Share Appreciation Mortgage is a loan where the borrower receives a low below market rate of interest, but must share part of the appreciation of property value with the lender for a number of years. At the end of this term, the borrower must pay the lender its share of the appreciation in cash, even if it means selling the property in order to come up with it. It's a risk for the lender as well as the property can always decrease in value.

Usha pradhan has completed her MBA in finance sector and currently working as financial author for cash loan by phone. She is contributing her knowledge on loan, cash loan, Annual percentage rate, mortgage, unsecured loan, Bankruptcy. To know more about her please visit our website www.cashloanbyphone.com.

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Wednesday, April 9, 2008

Reverse Mortgage Topics of Controversy

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by Barry Waxller

A red hot loan package that is getting a lot of attention these days is the reverse mortgage. Common question arise regarding the loan, so let's take a closer look.

The reverse mortgage is a form of negative amortization, but with a favorable side effect. While you make payments to a lender with a traditional home loan, the lender makes payments to you with a reverse loan.

The reverse mortgage is based on the equity in your home. Every time the lender makes a payment to you, it gets a bit of your equity. This equity is held as debt like in a traditional mortgage and interest is charged on the amount.

The number one question regarding reverse mortgages has to do with equity. Specifically, what happens if the equity is all used up before the borrower dies or the home is sold? Do you lose the home, get foreclosed on or what?

This is exactly what happened when these loans were first offered. This unsavory result did not stand. The federal government got involved. In most current situations, you are allowed to remain in the home, but payments to you stop.

Another common question is how big will the monthly payments made by the lender be? There are a number of factors that go into the determination. These include the amount of equity in your home, the interest rate charged on the loan, the costs and the fees.

While you should be concerned about how the payment is calculated, it is important to understand there is an easier way to determine it. Just ask to see examples. Multiple programs are available and they should show you the estimated payment amounts.

What happens if you realize you should have gone in a different direction? Can you refinance your home to get out of the loan? Yes, so long as you pay off the amount due on the reverse mortgage. Make sure to check the fine print for prepayment penalties.

Many wonder if they can tap additional appreciation as time passes. If you home grows in value, the answer is you can. Frankly, this is an area that has not seen a lot of action given the relative newness of reverse mortgages.

What happens when I die? The reverse mortgage is handled no different than any of your other assets. It becomes due. This means your heirs must either pay it off or sell the property. If they sell the property, the reverse mortgage balance is paid off.

The reverse mortgage is often touted as a great way to pull income from real estate. In truth, it is a very expensive method for doing this and there are better options. Make sure to speak with a financial advisor before going this direction.

Barry Waxler is a financial advisor with UFCAmerica.com.

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Tuesday, April 8, 2008

Get A Personal Loan

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by ASBin

It is getting harder to obtain a Personal Loan. There are so many people who have bad credit and are not able to pay all of their debts.

Most people will apply for a Personal Loan to consolidate their debt. The great part of people that do decide to apply for a personal loan is denied, because their credit scores are just not high enough.

There are three providers in England that are not issuing unsecured loans any more, Leeds Building Society, GE Money and LV=, which was formally known as Liverpool Victoria. Tim Moss, head of loans and debt for moneysupermarket, said: "GE is one of the world's biggest financial institutions. If anyone can make money out of personal loans they can. It is significant that these three have pulled out."

If you do have bad credit and by some miracle you are able to be approved for a Personal Loan the interest rate is usually so high that you are still not able to repay the loan.

For example if you had a loan for $10,000 at 29% APR you would have to pay $2900 in interest in one year. As you can see this can add up fast. This example was for a small loan, imagine if it was for over $100,000, which in many instances can easily be the case.

There are many reasons why a person would want to receive a bad credit personal loan regardless the interest rate. For some people it could be used in an emergency situation or they would apply for a personal loan to consolidate the debts that have an even higher interest rate then the personal loan is going to have.

When using a personal loan to manage your debt this can sometimes be worse then just trying to repair your bad credit by focusing on the debt that you already have and paying it as much has possible even if it means only paying minimum balances.

You may also help your credit by finding out why it is bad. Whether it is because of late payments, insufficient funds, loan payments that you miscalculated on, or even a debt that you were not aware of, late cell phone payments, the list goes on and on.

By receiving a credit report on your credit you are able to see what exactly is causing you to have bad credit and then you can take action on starting the repairing process.

One way that you can make the decision whether or not a personal loan is the way to go for your financial decision is to talk to a credit adviser. They can help you look over your credit situation and give you advice on the correct action to take, although some advisers ors do charge a fee for their help.

Just to summarize everything that we talked about it is possible to still get a personal loan even if you have bad credit. It will be harder then usual. You will have to do your homework and find a lender that will help you. Again this is your decision on whether a personal loan is going to help your situation or hurt it.

For more info: home loans, The Home Improvement Loan.

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Monday, April 7, 2008

Health and Medical Equipment Financing

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by Chris Fletcher

The medical field has undergone contact changes and new advancements have been made in health and medical equipment. However these equipments are too costly to buy. Even a dental chair in a dentist's clinic may cost more. Therefore health and medical equipment financing is essential to acquire the necessary equipment.

Dental equipment financing is one of the types of essential health and medical equipment financing that helps to buy latest cavity filling equipment or advanced whole mouth imaging system. Dental equipments become more advanced nowadays which in turn costs you more. Since they are indispensable for your career you need to buy these. However you can get financial help from some of the genuine financing companies that offer low interest loans.

Medical imaging equipments have become more advanced nowadays from x-rays to CT scan machines. These machines are extremely high and so Health and medical equipment financing is required to provide these facilities in your hospital – no matter whether it is small or big. You can acquire sonogram, endoscope, ultrasound equipment, x-ray film processing equipment and so on easily with the help of a reliable financing company.

Other medical equipments like surgery tools, oxygen tanks, optometry equipment, orthopedic equipment and similar other equipments come in high price tags and hence health and medical equipment financing is often essential for any health care institute. Medical equipment also include medical accounting equipment which handles accounts receivable, payable and other accounting roles needed. It is indispensable for big health care institutes and seeking the help of financing company to acquire this equipment is necessary.

Home health care equipments like medical beds, oxygen machines, wheel chairs etc are essential for some patients. The medical beds offer great comfort to the patient and are intended for home use. It is generally costlier and so financing is required if you want to buy for home use or for business use.

Laboratory equipments like analytical instruments, evaporator, microscope, autoclaves and sterilizer, incubator, blood analyzing equipment are indispensable in the medical field. Nay health care institute requires these types of equipments for diagnosing any diseases. However the cost of these equipments is extremely high and so health and medical equipment financing is the only way to acquire these items.

Health issues can be diagnosed and treated with the help of various advanced medical and health equipments only. These equipments have undergone constant changes and so using the latest equipments help diagnose and treat diseases well. The sophisticated nature of these equipment calls for very high rates. Therefore it is essential for small or big health care institutes to buy these equipments with the help of health and medical equipment financing. However these equipments are not expenses but investments to the institutes. They increase the comfort of the patients and generate revenue for the institutions.

Some of the legitimate financing companies offer health and medical equipment financing at reasonable rate of interest. You can submit an online application to get fast approval of the loan amount. There is no cumbersome procedures and delayed responses and so you can get the financial help easily at any time you want.

Chris Fletcher is an Account Executive at a national equipment finance company providing new and used Health and Medical Equipment Financing at http://www.crestcapital.com/Catalog/Health_and_Medical_Equipment_Financing as well as financing for many other equipment types and industry verticals.

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Sunday, April 6, 2008

How To Enjoy Your Trading Success

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by Leroy Rushing

Trading discipline is a fast track to trading success. Disciplined, working strategies will statistically win in the long run. But how should you celebrate your trading success and make the most of your wins?

Day Trading Mentality

Day traders who make a quick profit are the first to celebrate trading success. The small intraday movements in price are enough to keep day traders happy with their positions. The most important thing to remember is even with a comprehensive trading plan, losses are inevitable. Statistically, a win only brings more losses, but the biggest trading secret is that a few wins can easily strike out many small losses.

For day trading with a small account, trading success should send the trader to increase his or her stake. Your trading capital must grow over time to cover your own cost of living, as well as provide a "pay raise" over time. To obtain financial freedom, a day trader must have sufficient capital to both weather losses and collect big gains.

The Biggest Fallacy in Celebration

After a big win, the greatest fallacy a trader enacts is changing his or her trading structure. Too many times, an over-confident day trader makes trades based on "gut" feelings, rather than basic trading fundamentals. However, in this scenario, the trader eliminates strategy, instead entering the gray zone characteristic of gambling. Remember, the difference between gambling and day trading is proper money management. Proven techniques and strategies are profitable in the long run because they have set criteria for each trade, rather than just a stab in the dark based upon "gut" feelings.

The Greatest Gift of Success is Education

Learn from your successes. Indeed, the greatest gift of trading success is the education it presents you. Chances are that you placed the trade because of your own trading system and analysis; review the details surrounding your trade (ideally in the trade journal you keep) to develop a core of strategies that will produce winning trades.

Give Yourself a Brokerage "Present"

Boost your own trading profits by topping your account. Day trading with a small account is very limiting. After a big win, add some of your own personal funds to your account to keep your success. Undercapitalized accounts are the first to falter when the market turns. Investing in yourself can be the difference between profitability or simply getting by.

For large wins, you might even consider quitting your day job. Many people have found financial freedom through day trading. If the time is right and you have bankrolled a significant balance, making day trading or swing trading a career can be both profitable and rewarding. Quitting the 9-5 is the ultimate way to celebrate long-term trading success.

About the Author:
Leroy Rushing is an active, professional day trader; trading coach; and eBook author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide.

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Friday, April 4, 2008

How to run a FUNDRAISING CAMPAIGN

by Justin Alan

What is Your Fundraising Goal?



Many organizations depend on fundraising to get the things they need. People fundraise to get a new swimming pool for their town, or to get special facilities for their school. Sometimes people fundraise to get money for people who need special health care or to help disabled or disadvantaged people. Fundraising is always for a good cause and helps people or organizations in their hour of need.



Once you take on the role of fundraiser, the first thing to do is set a specific goal. Whether it's a large goal or a small one, it needs to be phrased in a way that people can relate to before they will get involved. Naturally the fundraising is to raise money, but what is the money actually for? Does the school need 10 new computers? How would this change the lives of the children attending that school?



The children won't just learn how to play games on these computers, but they will learn skills that they will need all through their working lives. It will benefit them because they will be more employable if they are computer literate. They will learn to do things on their school computers that they would never learn just by having one at home.



Once people can see exactly how they - or their children - would benefit from these computers, they will get behind the project and offer help wherever possible. This goal will benefit teachers by making their work more interesting and easier. It will motivate the children to learn since most children love using a computer.



The next goal - or the sub-goal - will be to find out the amount of money that is needed to achieve our goal. To do this, we need to know how many computers are needed and what sort they will be. Will there be printers and scanners to go with them? Should they be networked? Who will install them and see that they are running properly? There may even need to be blinds installed to reduce the screen glare. The money raised will need to cover all costs, not just the purchase price of the computers. Each sub-goal should be itemized with an approximate cost.



Other questions that need to be addressed for your fundraising campaign are what specific activities you will use to will accomplish your goal, and when they will take place. A timeframe needs to be established, too. If there is no time frame, the fundraising could drag on until everyone is sick and tired of hearing about it. To have specific goal of raising a certain amount of money by a certain date gives people something to work towards and a sense of satisfaction when it is accomplished. Does Your Issue or Organization Look Worthy?



To fundraise successfully, your organization needs to look worthy. How many times have you heard people say they bought something they didn't really want simply because it was for a worthy cause? If your organization looks worthy, then people will support it; if it doesn't they won't. It's that simple.



To get your organization to look worthy in people's eyes, you need firstly to appeal to their emotions. This is done by the correct marketing campaign and by the right communication. You can see this by taking note of campaigns for breast cancer awareness and others that are similar.



Firstly, you need to believe in it yourself. If you are only half convinced in the worthiness of your organization, then that will most certainly show in your manner and your communication. Most people can spot lack of sincerity a mile away and if you are not sincere or convinced of worthiness, you won't be able to convince anyone else.



If you can get the support of someone who has the trust of your community and who also has a high profile, then that will help in the quest for a worthy 'look'. It may be a doctor, a businessman, the town mayor or a politician. It could be the dean of the local college or a well-respected figure with a wider, national profile such as a politician.



It need not be just an individual who will lend worthiness to your cause, but an organization. If you can claim that the local tennis club or Rotary or Lions Club supports you, then that will give you needed 'worthy' status as well.



If your organization does not look worthy, then prospective donors will not be likely to donate. You must be professional at all times by making sure the paperwork is up-to-date and available should any ask to see it. You need to have a person available to talk to anyone who should want information. If all they can get is an answering machine -though these have their place - then they will be put off.



If your fundraising is ongoing, then you need to publish an annual report and have it readily available. Donors need to know that their money is being used wisely, so communications with them is of prime importance. This doesn't mean that they want to be pestered on a daily basis, but they do need to know what their money was used for, and that you are really appreciative of their support. If they can be made to look good through their support, then you will have a happy donor who is willing to lend their status to your organization.



What Tools or Skills do You Have Available?



To complete a fundraiser successfully you need to have access to various tools and skills. Tools you will need could be a computer and the skills to use it. With a computer, you can send email to those who are supporting your cause and to those who are helping you with the job. This will save you a great deal of time and energy - can you imagine phoning 20 or so helpers to alert them to the next meeting? Sure, you can advertise it in the paper, but maybe they don't all subscribe to the paper.



Besides, with a computer, all the information is written down and readily available and it didn't cost you anything more than the time it took to prepare it. A phone is certainly handy for that personal touch and for setting up other appointments, so be sure you have access to one. If you also have an answering machine, you'll find it beneficial for taking those calls while you are out.



Communication skills are important in fundraising; if you don't have them, get hold of someone who does. Look for someone with a bubbly personality, a ready smile and the gift of the gab. Some people say all you need is the mouth, but you also need someone who is tactful and polite. If they are also well liked in the community, then you have a winning combination.



Logical thinking is also a skill much needed in fundraising activities. For a person to get the support of a business or organization they need to be able to verbalize the details in a logical manner. If they jump from the end to the beginning and then explain the middle, the person listening is likely to be confused and consider the proposal unprofessional. Their next step is a refusal!



Another skill that someone on your committee will need is the ability to keep meticulous records. You will need to keep minutes of meetings with a legible record of all the goals and decisions made. Whether this is done on a laptop or by hand in a notebook is up to the person doing it.



Bookkeeping skills are also essential. Since the goal is to raise money, there will naturally be money involved and you'll certainly need a record of who gave what. Even the smallest raffle needs to be carefully recorded so that everyone can see where the money came from and where it went. This will ensure that everything is open and above board. Financial records are a must.



...More to come tomorrow...





Copyright (c) 2008 Justin Alan


For more information on fundraising and how to set-up your fundraising campaign. Please visit: http://bigimpactaudio.com/fundraising

Thursday, April 3, 2008

Debt Consolidation: How to Best Achieve Debt Consolidation and Payment Reduction

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by Nick Tan

Few online debt consolidation lenders will help debtors reduce their debts. Homeowners who are in over their heads in debt can use their homes as collateral to payoff their debts. The loans offered are given to the debtor to repay the debts; and then the debtor must payoff the loan in monthly installments. In other words, your bills are calculated and rolled into one monthly installment. If you have credit cards, then the interest rates will roll into the monthly installment, as well if you have personal or home loans or other types of loans, then the interest rates are rolled in to one balance per month.

Some debt consolidations make it easy and offer short applications, which will link you to an expert who will search for a solution to reduce your debts by assessing your information. Money Management International (MMI) is one of the many online "Consumer Credit Counseling Services" (CCCS) that is a non-profit organization that offers support to debtors. The non-profit organizations are sometimes safer to use than the organized services. Since MMI is a member of the Better Business Bureau, I will refer to this debt consolidation reduction organization to help you get an idea of what is available to you.

Once you sign up at an online debt consolidation reduction organization and are approved, then the professional financial guides will work with your creditors, asking for leniency. This means that the experts will work hard to get a reduction on your debts. For example, if you are paying $1000 per month in bills, some debt counselors will work to get your debts reduced to $500 give or take a couple hundred. This figure is half the amount you were paying in the first place. What a bargain!

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Wednesday, April 2, 2008

Learn Forex Day Trading Online - For Regular Big Profits!

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by kelly Price

Many novice forex traders want to learn forex day trading online and scalp small regular profits to build into big consistent profits over the long term this is article is all about forex scalping and day trading success...

If you are considering learning forex day trading online then think again it will lose you money! Why?

Because you cannot judge where prices will go in the short term and will lose all your money over time.

The Myth of Forex Scalping and Day Trading Profits

Of course there are plenty of forex mentors and gurus who try and sell you forex systems all with great track records and they all have a problem - they all carry this warning, read it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

If you have read the above you will see why these forex day trading strategies are unlikely to work for you.

- They haven't been traded and are just made up!

- Anyone can make money knowing the closing prices but that's not the real world

-You could ask yourself the question - why if the systems are so good why the sellers don't trade them, shut up, keep quite and not bother you for a few hundred bucks!

Well you know the answer these systems are designed to be sold and rely on traders not reading the warning to closely and falling for clever marketing copy.

Try and find one without the above disclaimer and your in for a long hard search I have never seen one with a proper real time track record supported by account statements and neither will you and if you do let me know!

Forex day trading looks good in theory - but is doomed in practice ask yourself this question:

You have a huge number of traders who all contribute to the price and who have different motivations, skills and methods of trading and you have to decide what this unpredictable mass is going top do in a few hours.

Its impossible to do so don't bother trying!

95% of forex day traders lose (100% in respect of day traders) and it's hard to make money but it's possible if you put the odds on your side and this means looking at longer term data where you can get the odds on your side.

If you want to win you must use valid data that can help you predict the odds - if you can't play the odds you can't win, it really is that simple.

Learn Forex Day Trading Online is a loser's game so don't even try it unless of course you want to lose all your money!

NEW! 2 X FREE ESSENTIAL TRADER PDFS + PROFESSIONAL FOREX TRADING COURSE Get 2 x trading Pdf's, loads of critical forex trading info and more on Succesful Forex Trading visit our website at: http://www.learncurrencytradingonline.com

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Tuesday, April 1, 2008

Receive Online Credit Card Approval Today

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by C.R. Hayes

Many times when you choose to fill out an application on the internet, online credit card approval can be done instantly. You are asked to give the same information as you would on a paper application that comes in your postal mail box. But rather than wait for the mail delivery and processing time, some people are more anxious to receive notification instantly.

Card issuers use the latest high-tech secure programming and fraud protection to protect the data you enter. So there is no need to worry about just where your financial information will end up. Make sure though, that the web address in your browser bar begins with 'https', which signifies a secure internet connection.

One of the biggest advantages of searching and applying online is that you can do side by side comparisons for different bankcards offered by different providers. You can also narrow them by the category you need, such as:


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When you get your choices narrowed down, you need to compare all of the fees associated, like:


  • annual fee
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You will want to know how long any promotional rates will last too, if applicable. It's not uncommon to find that 0 interest rates can apply up to the first 6 to 18 months of your account.

If you are more inclined to opt for travel rewards or cash back features, make sure you get the most benefits and perks you can while still keeping your fees and interest rate as low as possible.

Before you apply, it would be a good idea to get a copy of your latest credit report and know your credit rating. After all, issuers base your acceptance according to your credit score. The higher your score, the better deal you will be offered and approved for.

Everyone in the U.S. is allowed one free copy of their credit report every 12 months. The Fair Credit Reporting Act (FCRA) requires this of each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion. You can order yours by phone by calling 1-877-322-8228, or by visiting annualcreditreport.com.

Online credit card approval can be both instant and convenient for the application and approval process, but you will usually have to wait for the actual card to arrive in your mailbox before you can use it. Nevertheless, you will still receive it sooner than if the entire process was done through the mail.

We recommend that you don't just stumble around the internet looking for good credit card deals when you can compare and find the right credit card that best fits your financial situation. Receive free, instant, online credit card approval by visiting http://www.creditlookup.net today.

Don't forget to download Indocquent's free social bookmark utility at http://www.indocquent.com/social_bookmark/social_bookmark_landingpage.html.