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The Real Cost of Driving Uninsured

If paying your monthly insurance premium feels like a hassle at times, you may be tempted to let your policy lapse. Doing so will leave you and your car uninsured on the road. While some drivers consider the cost of insurance to be too large to be beneficial, looking at the costs of repairs for uninsured vehicles can be eye opening. The following infographic gives greater insight about the real cost of driving uninsured.

fix it yourself infographic
Presented By IFA Auto Insurance

Average Cost of Vehicle Repairs
If you are found at-fault in an accident while driving an uninsured vehicle, the cost of all repairs will fall on you. Whether or not you choose to fix your own vehicle, you are legally responsible for repairing damage done to another driver’s vehicle. While the average driver pays over $1,400 each year for a car insurance policy, the savings can be enormous if that policy is needed.

Lawsuits and Legal Representation
On top of the costs of repairing damaged vehicles in a car accident, uninsured drivers may also be held responsible for the costs of legal claims. An accident victim who is injured in a car accident may press legal charges against an uninsured driver resulting in lawsuits for:

  • Medical Costs
  • Lost Income
  • Pain and Suffering

The next time you think your insurance premium is too expensive, be sure to take these factors into consideration to see the real cost of driving uninsured.

Buying A Car Dealership Securely

When people want to make an investment in a car dealership, they need to look in a place like http://performancebrokerageservices.com/buy-a-car-dealership/ to get help making the deal work. These brokers are professionals who understand how to manage these deals to make sure that they go over well for both parties. If there is a large investment on the line, these brokers are the right people to manage that amount of money.

The Contract Price
The two sides need to negotiate the price for the investment, and the broker is the person who can mediate these deals. The broker knows the all the particulars for these deals, and they can use their expertise to guide the negotiation in the right direction. These sales are going to be very expensive, and the broker can help to make sure that both sides feel like they are making the right decision when they are signing the deal.

The Cash
The cash that is exchanged in the deal is something that must be handled by a third party. The broker can handle all the cash so that it is delivered to the right people in the right time. The broker makes sure that the deal is handled fairly, and they also make sure that both sides of the deal walk away from the table happy about what they have received in the deal.

The Signing
The deal is signed in the presence of the broker to make sure that there is someone there to witness it. The broker is the person who registers the contract in the city or county, and they also make sure that all the lawyers involved get all the information they need about the final deal.

When the broker is brought in to handle the deal, they are going to help the two sides that are negotiating. These two sides need these professionals to make sure that all their deals go off without a hitch. The broker is the impartial third party that makes everyone’s life easy when large amounts of money are changing hands at the table.

The Logic Behind CU Lending

You may think of a credit union as a member-owned financial cooperative. It is created and managed by its members, and profits are shared amongst the owners. A credit union is organized under a specific affiliation, be it a company, a region, or some other special relationship shared by its members. Credit unions offer many of the same financial services as banks. CU lending products may include car loans, home loans, personal loans, and others.

Credit Unions Focus on Members
Credit Unions are not-for-profit financial institutions. Rather than offer loans and other financial products that concentrate on earning a profit for the institution, as banks do, credit unions offer only those products they feel would be of benefit to their members. This approach results in a focus on consumer loans and services. Credit union earnings translate to:

  • Higher savings rates for members
  • Lower interest rates on loans

While credit unions follow many of the same guidelines and practices as banks, some of the vocabulary is different. For example, in a bank, customers make deposits. In a credit union, members invest in shares.

Responsible Financial Practices
While it may be true that credit unions prioritize service over profitability, it does not mean they are not concerned with making sound financial decisions. Just like any successful bank, a credit union must collect revenue, pay salaries for personnel, and compete with other lenders who offer the same or similar products. Oversight for a CU is provided by a Board of Directors. The Board is made up of elected volunteers who ensure that the credit union stays true to its principles and goals.

One notable difference between a credit union and a bank is cooperation between institutions. CU’s frequently work with one another and utilize tools to improve consumer lending and share resources in order to better meet their members’ needs. Whether it is a question of convenience, savings, or both, the bottom line rests with the service you get and your satisfaction as a member. Credit unions are invested in long-term relationships with their members.

Protected Assets
Similar to banks, member shares are federally insured, although the insurance is provided by a separate government agency. While bank deposits for individual customers are insured to at least $250,000 by the Federal Deposit Insurance Corporation (FDIC), credit union members’ shares are covered up to the same amount per member by the National Credit Union Administration (NCUA).

Types of Lending
The variety of loans offered depends on what the individual CU believes is most beneficial to its members and to its operation. Some of the most prevalent products include:

  • Auto and recreational vehicle loans
  • Home loans
  • Home equity loans and lines of credit
  • Construction loans
  • Personal and lifestyle loans
  • Credit cards

You may apply for a personal or lifestyle loan to cover a wide range of needs. These types of loans may be closed-end, with a specific repayment schedule, or open-ended, functioning as a line of credit. You can use this type of lending to pay for medical expenses that exceed insurance coverage, orthodontics, vacations, weddings, funerals, debt consolidation, or any of life’s unpredictable offerings.

The idea behind credit union lending, and credit unions themselves, is to provide financial support to individuals through thoughtful resource management and responsible lending. In essence, members are creating a cycle of financial sustainability by pooling their resources and using the money to lend to and borrow from one another when the need arises.

How to Maintain your Assets with Fleet Tracking

In order to keep a company running profitably, there must be adequate oversight over one of its most valuable commodities: its fleet of vehicles. A smart way to do this is with fleet tracking systems. These intuitive networks can protect cars, trucks, and vans in order to create healthier bottom lines for businesses. GPS systems capabilities stem from digital connections, specialized instrumentation, and artificial intelligence.

Today’s Systems
Modern asset tracking networks are interconnected to allow a whole new level of interactions between people, objects, and systems. The instruments have the capability to sense, see, and calculate the condition of vehicles and facilities. Computerized intelligence can not only notify when repairs or maintenance is needed, it can also predict future needs.

Manage Fuel Use
One of the ways to contain costs is by managing fuel consumption. Tracking systems watch over multiple assets including the use of fuel/fluids, miles per gallon, and operators’ driving habits such as stops, starts, and speed while on the road. All of these details make a difference in gasoline and oil consumption of the fleet. Because preventative maintenance reminders are available to notify of necessary tune-ups, engines can consistently be operating efficiently and economically. If gas mileage starts to slip in certain cars, vans, and trucks, inspections can be performed to troubleshoot and remedy the problems.

Equipment Maintenance
Another way to economize is by staying on top of equipment maintenance and repairs. Some of the steps to be taken include:

  • Tracking oil changes, lubrication, and other fluids of the entire fleet.
  • Keeping track of the inventory of spare parts, so supplies are available on demand. This will reduce down time on out-of-circulation vehicles that are waiting for parts.
  • Managing tire needs on all automobiles, including rotations, new tires, and repairs of flats or other problematic wheel or tire issues.

Warranty Tracking
Businesses can also save money on their cars when they keep track of warranty information. When management is on top of this detail, repairs can be covered by the manufacturers more easily. Companies that lease their fleets can monitor rental warranties, as well.

Your transportation fleet is invaluable, containing assets that you need to run your operation. In order to protect your vehicles, keep your drivers safe, and enhance your profitability, it’s crucial to monitor your fleet. Today’s GPS and digitalized tracking systems can assist you in a myriad of ways by watching over fuel costs, the maintaining of your equipment, and tracking your warranties. If you allow these intelligent networks to help you do your job, you will be able to keep more cash in your company’s bank account.

The risks of starting an adult services business

Deciding to start an adult services business comes with many risks. Those who do so have usually tested the waters and calculated the risks before taking the leap. It is important to understand the types of challenges you may face as you venture into this industry. It can be quite lucrative, but there are some real hurdles you may have to jump.

Adult merchant processing
If you decide to take credit or debit cards for services, which makes your offerings more accessible to more people, there are a limited number of card processing companies willing to take the risk on approving you for a card reader. There are many ways the business could slide into the realm of operating illegally, so many reputable card processing companies simply choose to avoid dealing with high risk business ventures. There are companies that specialize in making card readers available to these companies, however. Some offer point of service terminals at slightly higher fees, but they make it possible to present a professional way for you to provide your customers with payment options.

The Legalities
Because the laws vary from state to state, it is sometimes tricky to know whether you are operating lawfully or breaking a law. For this reason, adult service business owners must be vigilant about researching the laws in their own states. Even after informing themselves through research, it is still important to retain legal representation to fill in the gaps. Research may not help if you have to go through litigation or with knowing some subtle nuances of the law. The most successful businesses educate themselves, but rely to attorneys to make sure all bases are covered. They also educate their staff about what is legal to ensure an employee does not put the company at risk.

Reputation
It is likely that your true friends will not judge what you have chosen as a business venture once they know you work in adult services, or one that sells merchandise like sex toys. There is also a possibility that they will judge and distance themselves from you. For many who try to maintain traditional value systems, a business of this type is still taboo. People make assumptions that adult services is connected to either something illegal or morally questionable. If you are open about what you do, it may limit the number of people in your inner circle. For some business owners, this is a blessing rather than a curse. Others, however, should be prepared for potential backlash from their own communities and from others in conventional businesses.

Paying Bills with Short Term Money Options

People who live in the Rocky Mountain area can testify to the rising cost of living in these states. As the prices for housing, groceries, utilities, and more go up, more families in these states find it challenging to stretch their paychecks to cover all of their bills. When unexpected bills arise in between pay periods, it can be easy for people to panic and fear being unable to meet these obligations. Rather than have their bills turned over to a collection agency or have their utilities shut off, they can use financial remedies like a Nevada payday loan to get money fast and meet these obligations.

When they want to know more about this financial option, people might wonder where they can get all of the facts they need. They can learn about these options by going online and reading all of the information on the website at their leisure. The website contains a host of details that will give people all of the facts they need to understand and apply for one of these loans. They can discover the interest rate, payment methods, approval amounts, and more before they complete an application.

Completing the application also can be done entirely online at clients’ convenience. People can avoid rushing home to fill out an application for fear of missing the deadline or the website shutting down for the day. The site is available around the clock, which lets people who work odd hours get access to this financial option anytime they want. They can wait until they get off work or after they put the kids to bed to sit down and fill out the application at leisure.

When they submit their application, people may think that they have to wait days or weeks to find out if they have been approved. However, they can generally find out within hours if they can get the money they need to pay bills. If they are approved, people have the option of getting the money deposited into their bank accounts or onto a prepaid card. These direct deposit options let the transaction occur safely and in a timely manner. People can get access to their cash quickly rather than having to find a place that will cash a paper check. They can pay their bills, eliminate the worry that comes from being indebted or without important purchases, and move on with their lives.

5 Car Insurance Myths That Every Driver Should Know

Most drivers think their auto insurance will cover them in an accident if they are current on their monthly premium. This is true in many cases, unless an uninsured driver hits their car – or a friend borrows the car and wrecks it. Auto insurance may not protect them from theft, either.

Without proper insurance coverage, these incidents could cost drivers a small fortune. According to estimates by the Insurance Research Council, more than 16 percent of drivers are uninsured, and state legal requirements are generally not enough to cover the entire cost of an accident. Here are five car insurance myths that every driver should know.

Myth 1: The State Requirement is All a Driver Needs
While the state requirement is all a driver legally needs, it will not cover the expenses for a serious accident. Getting by with the minimum requirement can be costly, especially for an accident that involves litigation.

Myth 2: The Driver is Responsible for an Accident
In most cases, the insurance follows the car no matter who is driving. If a driver has an accident in a borrowed car, the car’s owner must pay for the damages. If the insurance is not enough to cover the expenses, the responsibility goes to the driver involved in the accident.

Myth 3: All Insurance Policies Cover Uninsured Motorists
A basic insurance policy does not protect against uninsured motorists (UM); this coverage is an option. Moreover, drivers who have UM protection are only covered for physical injuries. Only collision insurance covers property damage caused by uninsured motorists.

Myth 4: All Insurance Policies Cover Natural Disasters and Theft
Unless a driver has comprehensive coverage, auto insurance will not pay for damages or loss due to natural disasters or theft. Most drivers do not have this optional policy, unless their car is financed by a creditor that requires it.

Myth 5: A Rental Car Requires Additional Coverage
Basic insurance policies already cover rental cars, so it is not necessary to buy additional insurance. For example, full coverage insurance on a personal car also applies to a rental if both are intended for personal use. Drivers who only carry liability insurance, however, are wise to buy additional coverage for rental cars.

Protection from loss is a crucial part of smart investing, including car insurance investments. Small monthly premiums protect assets (cars) as well as health in case of an accident. A Wilmington auto insurance representative can work with drivers to fully explain their plans and prevent overlapping coverage.

Choosing a Visa card design

Banks and other financial service companies differentiate their services in many ways. Some ways, like what fees they may charge for their services, may be restricted by state or federal laws. Other options, like the design on a prepaid debit card, is limited only by the imagination.

Consumers who like to have a bit of style and flair in their card design often have a choice. They can go with the traditional color and design schemes, or they can say goodbye to the dull standard versions and go with something that can project personality and style to their shopping experience.

Black is the new black
Black is a color that is often used by credit card companies to market cards to high income customers in order to give off an air of exclusivity and sophistication. Choosing this color may make a prepaid card almost indistinguishable from all the sleek, shiny plastic of high rollers. Some brands, like the Kaiku Visa prepaid card, go all-out minimalist for sophistication and class.

Patterns and colors
Rather than going with a monochrome look, some banks offer colors and styles inspired by the psychedelic 1960s, nature, or modern art. These kinds of patterns give consumers a way to showcase their individual personality every time they shop. They can also make great ice breakers for starting a conversation.

Pictures with personality
Some proud parents like to put their child’s picture on their debit card. Others might opt for cuteness with photos of little furry animals, and others still might project a fantasy vacation with a photo of bright and sunny beach. The sky is the limit when it comes to personalized debit cards: As long as you have a picture and a little extra time, you can decorate it any way you wish.

These are just a few ways banks and credit unions might allow customers to decorate a prepaid card. Every design makes its own statement, and if the customer has second thoughts about that statement, they can simply go back to their provider and order up a different look.

Credit processing is key for both online and traditional business

Today, there are more people who are either thinking about starting an online business or have already taken positive steps to do so. There may be many reasons, to do so, including a firm belief in a product or service, or a desire for financial independence.

No matter the product or service, an online business gives the owner control and access to lots of shoppers. A person who owns a traditional store is limited in the number of shoppers who visit the store. Here are some of the other common reasons why more people are starting online businesses.

Most traditional stores have a specific number of hours that they are open. However, an online business never closes, making it possible for the owner to make a sale even while he or she is asleep. In the online world, this 24 hour a day capability doesn’t take extraordinary effort, it just takes an online presence.

A person who owns an online business has flexibility when it comes to work hours compared to someone who owns a traditional store. While both kinds of owners may have to work late hours or on the weekend to get the job done, the owner of an online business can choose where that work can be done without worrying about taking time out to also oversee a physical store location. Managing contractors or employees may factor into the efforts of an online business owner, but unlike the owner of a traditional store, those contractors and employees can be based anywhere in the world, allowing the online business owner the flexibility to choose the most cost effective option to get the job done.

Someone who owns an online business is able to work anywhere with an Internet connection, including at home or while on holiday. Someone who owns a traditional store may also work at home, but if they are away on holiday, there is no easy way to mind the store from a remote location.

For both online and traditional businesses, one key process that has to be done well is collecting revenue from sales. When it comes to accepting credit cards, a traditional business has to have special equipment installed at every location where a sale may occur. Compare that to online sales, where the buyer provides the special equipment (their computer and browser).

In both the online and traditional store, once the sale happens, a credit card processor takes over the job of verifying the transaction and paying the business. The bottom line is no matter what type of business one has, it is important to have a reliable and secure payment process in place.

Written by Charge.com Payment Solutions, Inc., a trusted provider of credit card processing solutions for businesses. To equip your business with small business credit card processing, go to the company website to get started.

Five fundamental tips for long term investors

If are the kind of person who wants to take an active part in your investing and not let some other person do it for you, then you have to be prepared to do a few basic things to make it more likely that you are happy with your investment choices and with their performance.

Investing is a very personal choice because it is not without financial risk, but as any honest financial expert will tell you, with investing, you’ll likely gain more than you’ll lose if you make the effort to learn about your investments and make sound decisions. But at the same time, there are no guarantees, and you need to be prepared for losses and gains. You also need to be patient. Don’t expect to see a return on investments for several months, and it could take a year or more for you to see a significant return from any investments. The following five investing tips should help you get started in the world of investing, but if you have questions or specific concerns or just want some reassurance, you should definitely get in touch with a local financial advisor or an investment firm.

  1. Be prepared to spend money for stocks and other paper assets: Stocks, mutual funds, and other paper investments is one financial area where you really will have to spend money in order to make money. But it’s easy to see why this is the case: you need money to purchase these kinds of assets. Once purchased, so long as they perform well enough, your stocks will earn your money. And on that note, be prepared for even the best performing of stocks to lose on occasion. It happens to even the most conservative and frugal of investors, so don’t beat yourself up too badly if you end up investing in a stock (or even a couple of stocks) that winds up under-performing.
  2. Be patient
    Rome wasn’t built in a day, and neither is a company. Even already-running companies will need some time to take the capital they receive and convert it into a successful company. On average, it can take a company who’s selling stock six or more months to begin showing even a moderate return on the capital they received.
  3. Build a portfolio of paper assets: It’s understandable that you’d like to play it safe by going for low-risk stocks or other low-risk paper assets, but if you want to have a great portfolio that won’t let you down, mix things up a bit. Try to have about 60 percent of your shares in low-risk companies, 25 percent in moderate-risk stocks, and the remaining 15 percent in high-risk stocks. Low-risk and moderate-risk stocks will keep you balanced, while the loss from a small percentage of high-risk stocks will not hit hard – but on the other hand, gains from those high-risk stocks could certainly have a nice impact.
  4. Look beyond paper assets: While stocks, bonds, mutual funds, and other paper assets are by far the most common investment vehicles for the average person, the investing universe is a lot bigger than just paper. Starting your own business, however small, may be a great way for you to get an economic benefit from your personal skills and connections. Like paper assets, businesses both large and small have risks, so it may be best to start small so that your mistakes don’t hurt you that much.
  5. Keep learning: Once you are committed to investing, you should also be committed to learning about investing. Between the Internet and your local library, you have access to more information about investing and investments than you can possibly learn in ten lifetimes. However, you are not investing in every option under the sun, so you can easily focus your learning to those areas where you are either investing in now or plan to invest in the future. The day you think you don’t need to learn is the day that you should hire someone else to do your thinking for you.

No deposit home loans as a viable option for new homeowners in Australia

When moving out on your own, you’ll generally start out renting, perhaps renting a room in a friend’s house, sharing an apartment shared with one or more other people, or if you’re really lucky and find a good deal, a place that’s all your own. But while renting has many advantages like being able to move at any time, contract modification options, or not having responsibility for appliance repairs, there’s also something to be said for owning your own home. Home ownership is a dream for many renters, simply because home ownership, while often cheaper in the long run (and certainly more rewarding), can also be quite expensive at the offset. Typically buying a home requires that you provide a down payment on the home itself, and then there are closing costs and moving costs to consider. For many prospective buyers, home ownership winds up being delayed or put off altogether, due to the high cost of a down payment.

Fortunately for prospective home owners, there are such things as no-deposit home loans, though you’ll need to know where to look for them. It pays to let banks know right away that you want a no-deposit loan, so that if they do not have such a loan available, they can let you know right away – and thus you’ll both avoid wasting time and resources.

Banks and other lenders in Australia such as Homestart are able to provide no-deposit home loans that also have low interest rates. But despite these low rates, no-deposit loans are not always easy to find. So when you do find them, it’s important to fill out application paperwork accurately, and provide all requested documents. Saving on the cost of a down payment is a worthwhile investment, since having more money to start out with and just a monthly mortgage loan payment to make is always a good deal to have. So if you find yourself in a position of wanting to buy a home but not having savings or a personal loan from a family member or a friend to use for a down payment, do your best to seek out a no-deposit home loan.

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