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Car title loan basic facts

The massive changes in the economy in the last five years has had a number of effects on average consumers. One of the biggest is the drop in home ownership because of tight consumer credit or because of home foreclosures. Another effect is that homes in many parts of the country dropped in value so much that for many consumers, they owe more than the house is worth, and have no equity in their home.

For many in the US, their home was the most valuable financial asset they had, and in many cases, the only significant one. In fact, the 2012 Statistical abstract of the United States stated that in 2007, just before the start of the most recent US recession, the average net worth of families that owned their home was about $230,000, but for renters, it was about $5,000. Since then, the situation has become worse for everyone, especially for those who don’t own their home.

Because of lower rates of home ownership and the decline in home values, home equity loans are no longer an option for many consumers. For those who don’t own their home, often the only asset they have is their automobile. The consumer financial services industry understands this, and has increasingly provided an additional option for consumer, a loan on the value of their automobile. Also called a car title loan, this is a loan where in exchange for the title to your car (and the right to repossess that car), you can get a short-term loan.

The biggest drawback of these loans is the huge interest rates you may have to pay. While a home equity line of credit may have less than a 10% interest rate, and a credit card upwards of 25%, many car title loans may have effective interest rates of 300% or more.

If you are in a position where you need money and have no other options, then go get a auto title loan chicago or from some other local vendor. But if you do, be aware that it could cost you more than you expect.

Keeping your head during the fracking gold rush

If you hear the word “fracking” and you think of the science fiction series Battlestar Galactica, this is not the right article for you. If however you have an interest (either intellectual or financial) in the oil and gas exploration business, then fracking has a whole different meaning, specifically the process by which oil, natural gas, or other petroleum products are extracted by a process that injects fluids into petroleum-bearing rock in order to extract the petroleum products.

The process is controversial in some circles because of the environmental side effects. If you happen to be in circles that have an interest in investing in oil and gas exploration and extraction, the only controversy may be how quickly you can get in on the action and receive a decent return on your investment.

The fracking process is the key reason why there has been a substantial increase in oil and gas exploration and production in older oil fields in Texas, newer fields in North Dakota, and in other parts of the US.

There are many ways to get involved in the action, and how you can get involved depends on your current financial situation. For most people who do not have substantial income or wealth, the two most likely ways you can get involved is to either get a job of some kind in a related field, or to invest in the stock of companies involved in the exploration, production, distribution, or sale of petroleum related products and services. It will be up to the the potential employee or investor to find out if in fact the company you are looking at is actually involved in an area of the petroleum business where you want to invest.

If you are a qualified investor, meaning you meet certain criteria for income, net worth, or both, you can participate in a wide range of activities beyond employment or stock and option trading. This includes limited partnerships in petroleum exploration or development projects, real estate investments in the mineral rights of landowners in areas where there is substantial recent oil and gas exploration or production, or investing in companies that are actively looking for companies to purchase that may be in a related business.

The first order of business for any new investor, or even a current investor looking at expanding into a new area of the oil and gas business, is to do their research or due diligence. For any investor, that may mean learning the vocabulary and geography of the business so that when you read or hear something about fracking, you will have at least an idea of what other questions you should be asking.

If you are a more sophisticated investor, it doesn’t mean you can trust your past experience as a limited partner in a project or your time working as an analyst at a chemicals m&a firm. You have to embrace the attitude of someone going into an entirely new kind of business, and make no assumptions that what you knew yesterday has any bearing on what path you should take today.

Variable rate financing in real estate investing

When it comes to real estate investing, the investor usually has one of two primary goals, obtaining ongoing cash flow or getting either a short-term or long term capital gain. First, some basic definitions:

Capital Gains – If you invest for capital gains, your goal is to sell something for more than you bought it after that asset has appreciated. In order to receive the gain, you typically no longer own or control the asset.

Cash Flow – If you are a cash flow investor, your goal is to receive a series of cash payments from your investment, typically monthly or quarterly rental payments, while you own or control the asset.

There are of couse other considerations for real estate investing, primarily depreciation and tax advantages, that go into a decision to buy, sell, or hold an asset such as a residential or commercial real estate property. No matter what your goals, unless you are financing the purchase with existing assets, you will have to consider the role that your loan or mortgage will play.

If you’ve ever taken out a loan, owned a credit card, or have a mortgage for your house, you are probably quite familiar with the various interest rate options you may have. Investors are typically more sophisticated than buyers who are only looking for a place to live in rather than an investment property, and this could give the investor certain advantages. For example, if you have an investment that was financed at a fixed rate, and you are in a position to sell to a buyer who is unable to find a reasonable rate loan, if your fixed rate were low enough, you could offer a variable rate that would ensure a larger cash flow to you in the future.

To get an idea of what the situation may be like for someone who is considering purchasing a single family residential property that you own, you may want to visit a bank site to see what a Standard Variable Rate may be for your buyer.

If you know what kind of options your buyer has, and what your options are for offering alternative financing options, you could put yourself in a better position to profit over the long term.