Staying On Top Of Your Credit Score

Many people have problems with their credit score. Sometimes, it’s not as high as they need it to be. While other times, it just doesn’t get updated quickly. So, when you need to be on top of your credit score, there’s nothing better than accessing your credit report. However, if not done the right way, you can see your score lowering even more.

So, what can you do?

When you’re thinking about how high you need your credit score to be, as a rule of thumb, you should try to achieve one around the 700s or higher. This is the value that most lenders look for before they actually approve the credit you need.

However, many people around the world have one common problem: they just managed to pay up all the credits they had and they are just celebrating. However, when they go check their credit score, they don’t see this taking any effect. What’s happening? Is there something wrong? Probably not. The most common thing that happens is that credit scores aren’t updated on a daily basis. So, if you just paid off all your debt today and go check your credit score tomorrow or next week, you probably won’t notice any difference. In order to see it reflected on your credit score, you need to wait between 30 or 45 days on average. This is the time they have to update your credit score according to your current finances.

Another thing to have in mind is that your credit score depends on what is on your credit report. Your credit report is a very detailed document that shows your credit history. Your history is then run through a credit score model that produces your score.

What usually happens is that the credit score is calculated at the time when the lender asks information about you. So, if you know when your credit report is updated, this is the best time to go and meet the possible lenders because this will make sure that your credit score is already updated.

There is another aspect that you need to consider about your credit score. Lenders usually give information to credit bureaus once a month. Depending on the information provided, this can translate into a slightly better or worse credit score. There are 3 main credit bureaus in the United States: TransUnion, Equifax, and Experian. Depending on your lender, they might report to only one of them, two, three, or they might not simply report to any of them. The kind of information the lenders usually send is related to any activity that is done by authorized users, if you were late with your payment or if you paid on time, your account balance, if your account is delinquent, defaulted, in good standing, in collections, among others, as well as any credit inquiries that have been made recently.

With so many different variables to take into account, it’s really important that you check for any credit updates. Even when you’re not currently looking for a lender, you need to make sure that your credit score is high enough in case you have an emergency, for example.

Why It Is Better Hiring A Debt Settlement Company Than Doing It Yourself

Settling debt is something many would love to accomplish in the shortest period possible. There are many people who have debts with several creditors and they have been wondering how they can easily pursue the settlement process to bring all these debts to an end, but there have always been challenges along the way. There are companies that specialize in debt settlement, which have been working with people to help them consolidate and clear their debts in the most applicable way possible.

However, some individuals choose to go into this without involving professionals and this leads to problems sometimes. Making the wrong estimations or assumptions about the repayment process could lead someone into believing they are able to come up with a plan that can settle the debt they have in few months.

Benefits of working through a debt settlement company

What debt settlement companies like Nationwide Debt Direct do is to eliminate all assumptions by drafting insightful reports and plans that make the consolidation process easy. The negotiation process alone is long and painful and very few people can manage to handle all the pressure and stress that comes with debt settlement. If you lack the time to make negotiations with creditors, you should involve debt settlement experts to do this on your behalf.

Owing to their many years in the industry, debt settlement companies have great relationship with many creditors. Therefore, any proposals they present before these creditors are easily approved. These professionals are known for coming up with impressive plans that help in the settlement process and they reduce the amount you are supposed to pay regularly to allow you the convenience needed to clear the debt.

Working through settlement professionals ensures your capacity is reflected in the negotiations so you are given what you can handle. Their proposals are targeted at eliminating stress and offering you an easy avenue through which you can clear debt. Most people cannot endure the long and stressful settlement process and they hand over these problems to settlement companies, which is a good idea that allows them space to pursue other activities.

How can you identify a reliable debt settlement company?

Now that you have made your mind up to work through a debt settlement company to ensure the debts you have are cleared, the next dilemma comes in choosing the right company to handle this process. There are many companies that offer these services but not each is verified and able to provide the convenience you need. It is advisable to consult with some of your friends who used a settlement company to clear their debt before.

Also ask the companies you come across if they are registered to operate in your state. Licensing is important as it allows you to pursue legal action should the company breach agreement. Also note that a reputable debt settlement company will not ask you to pay upfront. The company should give you their service agreement and payment policies so you can understand what to expect.

5 Tips for Business Owners On How to read Their Balance Sheets

“The balance sheet can be kind of tricky to read over. It houses a company’s assets and liabilities, amongst other things. I know many clients who get a headache after only 5 minutes of reading one”.

Brian Speier

There is a solution to all of this. Business owners have to learn how to read these things in the right way. It can be rather taxing. It can also be mentally exhausting, but it needs to be done when you own a business. A balance sheet house valuable information. You need this information so you can make well-informed choices for your business.

One of the better people to speak to about this is Brian Speier. He has helped many clients over the years to read their balance sheets better and make more sense out of them. Brian did not just come upon these tips overnight. He had to learn the hard way too. Now he is sharing these tips with us.

1) The assets have to equal the liabilities and the equity in your business. The formula is Assets=Liabilities+ shareholder responsibilities. Business owners who can understand this simple formula will understand the rest of it.

2) Business owners have to understand their current assets. This includes the money you have coming in and the money you will have coming in. When someone pays, this gets thrown into accounts receivable. This is all part of the assets your business owns.

3) You have to have a good understanding on what will be turned into cash. Some of the assets are not ready to be turned into cash yet. You have to know the difference between tangible and non-tangible assets. There is a big difference. Those who do not know the difference end up not being able to read their balance sheet correctly.

4) Your business has all different types of liabilities. Not all liabilities are classified the same. Business owners have to have a full understanding of each liability and how it affects the business. This goes for the short-term liabilities and the long-term liabilities. Each one has a bearing on your business. Labeling something as a tangible asset when it should be a liability, is one way to through off your numbers.

5) Know how much money each investor has tied up in your business. Some investors will decide to reinvest in your business after the end-of-the-year taxes. Some will not. You have to know who is going to reinvest and who will not. Assuming an investor is going to transfer over is not the right approach. This is your company’s net worth. Your balance sheet bottom line has to be equal to the real bottom line.

Go to http://BrianSpeier.com. This site can give you more information on understanding balance sheets and other questions your business may have. You can also get in touch with Brian here.

5 bold economic predictions for 2017

For the first time in decades, United States economic predictions are being based more on the political climate than the state of specific industries. Donald Trump’s victory in the 2016 presidential election is a sure signal about the unpredicted focus of the American people and their vested business interests. 2017 is already gearing-up to be a raucous year for the economy. The following are bold predictions about the economy based on current events, which are sure to make many forecasters think twice about their notions regarding money and investments.

Precious Metals Will Make A Comeback

Since the Bush Sr. administration there has been a concerted effort on the part of central banks to make paper currencies the primary focus of all international trade and commerce. The veil of unbacked currency is wearing thin in developed and developing nations that are dealing with social and political issues. 2017 will be the year where the majority of large trade nations take a second look at the status of their currencies on the world stage. With these uncertain machinations, smart investors including large banks, will continue buying metals like gold and silver in record amounts. Though governments will not recognize it, scarcity will naturally propel the price of these metals to record levels. Private metal owners will thus experience increased buying power and security.

The DOW Will Correct Itself

A new conservative core government in the United States is certain to take steps to minimizing the influence of the Federal Reserve Bank on the stock market. Each month, the FED buys immense amounts of stock in order to create a market outlook that is positive, but does not accurately reflect the real American economic environment. As a reconfiguration of investment laws gradually forms, a major correction in the stock market is certain. Most investors recognize that the markets are extremely over-valued and a correction is due. This correction could be as much as 30 percent, which would plummet the DOW to 2010 levels.

Gas Prices Will Fall

It’s a fact that there is a huge glut of oil and fuel supply sitting idle in the world. Fuel-producing nations like Russia, the United States, Saudi Arabia, and Venezuela are sitting on supplies that are sufficient for decades of present level use. The Trump administration has indicated that future actions regarding fuels will be focused on the deregulation of supply and refining industries. This is evident in the present battle over constructing new trans-North American delivery pipelines. This is sure to create a trickle-down effect throughout the world resulting in lower fuel prices.

Deflation Will Emerge

Actions like the rescinding of the Pacific Trade Agreement will put new constraints on food production industries in 2017. While some food commodity prices lower, the overall supply of foodstuffs throughout the world will also decrease. Major shortages in common grocery items could happen, which would create tension in distribution investment.

Housing Trends Will Favor Development

The Trump administration has made it clear that deregulation is a focus. Many housing market statistics indicate that this trend could only make a post-recession building environment more attractive to developers. This attraction to boost volume is especially powerful in multifamily and urban expansion housing developments. Evidence for this economic phenomenon is evident from endless financial analysis resources including Rusty Tweed Economics.

Mo Howard

Mo Howard, WVU graduate and CEO of Ultegra Financial Partners, founded the financial services company in 2012 after a decade of experience working in the finance industry. Howard, a cum laude graduate of West Virginia University, possesses an MBA in Finance and Financial Management Strategies and has leaned on both his education and experience in founding the company for which he now serves as CEO and Managing Principal.

As an undergraduate, Mr. Howard was able to balance a heavy class load with participation in collegiate athletics. Mo Howard, West Virginia University football player, was just as successful as Mo Howard, West Virginia University student while on the Morgantown, West Virginia campus. The time spent at WVU was very important to Mr. Howard, as it taught him the value of proper time management and how to strike a balance between multiple pursuits that carry significant demands in terms of both time and energy.

Now clients are relying on Muhammad Howard, West Virginia University alumnus, to provide a wide variety of financial services through Ultegra Financial Partners. The financial services provided by the company include commercial and small business lending services along with business consulting services and other finance-oriented services. As CEO and managing principal, Mr. Howard has overseen the development of the company from its start and was particularly instrumental in the establishment of the company’s client platform.

Ultegra’s web-based, client-centered platform has allowed the company to assist clients from across the country. Headquartered in Denver, Colorado, Ultegra’s reach is significant thanks to the sophisticated system it employs in order to assist its many clients nationwide. Mr. Howard’s previous experience in the finance industry helped him a great deal in this regard, as he understood that some of the systems that were being widely used in the finance industry had certain limitations that could be improved upon to create a better experience for both the client and the company.

Before becoming CEO of Ultegra, Mr. Howard served as the VP at the Denver office of US Capital Partners, specializing in the structuring of loans in addition to underwriting responsibilities while also overseeing the company’s continued development. Mr. Howard also spent several years working as a commercial lending associate at BB&T, where he graduated at the top of the company’s Leadership Development Program. Mr. Howard’s prior experience in the finance industry has proven quite invaluable to Ultegra, as Mr. Howard has thrived in his current role as CEO and managing principal of the company.

Sam Oven’s Biography

From his humble beginnings in the family garage to his meteoric rise in Manhattan, Sam Ovens is a “rags to riches” story come to life. In less than four years, Sam completely shattered all expectations when he amassed a $10 million consulting empire. By utilizing his unorthodox techniques and business philosophy, he has fine-tuned his art into a precise science. Because of this, not only is he a heavyweight of the business world, he is the go-to guy for anyone who wants to cut their teeth on consulting. His methods and theories have made him the man he is today, and they have the power to create more successful businessmen like him.

While he first started his conquest with a more “hands on” approach to consulting, an idea eventually popped into his head. By applying his consulting skills and strategy into an overwhelmingly comprehensive online training program, Sam has literally thousands of successful students under his belt:

  • 9 Millionaire Consultants
  • 136 6-Figure Consultants
  • Helped thousands of people start their own successful consulting firms.

As the popular saying goes, “The numbers don’t lie.” By eschewing the tried-and-true business methods, Sam’s tendency to think outside the box has paid dividends a thousand times over for him and his students.

Sam believes in the power of the individual, that they can carve their own paths towards success and stability if they are driven and dedicated enough. As he can firmly vouch for his proven methods, Sam’s extensive online training program is perfect for either the absolute beginner or the experienced consultant who wants to become bigger and better.

For anyone who wants a secure, financially stable career in consulting, look no further: Sam Ovens is your man.

Sam Ovens’ Biography

CreditUpdates.com on the Potential Factors Driving Jump in Mortgage Applications

CreditUpdates Mortgage applicationWhenever there is a sizable bump in the rate of demand in any industry, financial experts and investors are quick to take stock of the seemingly innumerable factors that might be driving the increased level of interest. AsCreditUpdates.com often points out, this immediate analysis is often conducted with the goal of determining whether the sudden increase in demand in a particular industry reflects the beginning of a trend or is simply the result of some statistical outlier.

According to the professionals at CreditUpdates.com, including those as knowledgeable as Alissa Davis, mortgage applications are the most recent trend demanding the kind of instant analysis so often engaged in by finance experts and shrewd investors. With a sharp increase of 9.3 percent in mortgage applications over the month of May, investors are suddenly scurrying to review the data to determine whether or not this is a trend representing a worthwhile investment.

It seems evident that the possible factors driving this sudden rise in demand are likely to be relatively limited once the more common adjustments are made to eliminate the most inconsequential of those influencing factors. In all likelihood, what will remain is probably going to be the reaction from a very recent decline in applications or the consumer response to the continually decreasing interest rates that are now available. If it is the latter, investors will feel much more confident in making related investments when compared to the former.

Dr. Sid Solomon Reviews Potential Impact of Alibaba’s Approach to Investing

Investors keenly interested in the technology market are still quite likely to be in a state of shock regarding the $3-billion loan recently secured by Alibaba to further invest in the technology market after already having acquired a slew of companies while also investing in major stakes with a number of other tech firms. Dr. Sid Solomon, an interested observer of the technology market and himself a successful investor, was surprised to learn of this news and shared a reaction similar to that of many of the most plugged-in observers of the tech market.

At this point, Dr. Solomon is limited to simply speculate on what Alibaba may have in mind, but he did point out that the company’s recent behavior ought to serve as a clear guide for its future intentions. After all, Dr. Solomon notes, the company only recently put down a staggering sum of $3.5 billion to acquire Youku Tudou and subsequently went on to secure stakes in Snapdeal, Snapchat, PayTM and Groupon, which seems to indicate that it intends to continue its massive expenditures with the goal of further investing in the most promising corners of an ever-expanding tech market.

Should Investors Alter Strategies Following Paris Climate Change Agreement?

One of the most interesting topics raised following the historic worldwide climate change agreement made in Paris has to do with the possibility that the accord would lead investors to consider altering their strategies in terms of energy investments. As any wise investor understands, a reactionary approach is not always sound and can lead to poor decisions based on only the most immediately known factors. The energy industry is undoubtedly going to face major changes in the way it does business, but those changes are not yet clear and do not provide investors with an abundantly clear concept of how to alter their strategy in the most effective way possible.

As it currently stands, the world’s energy is still heavily reliant on carbon-based resources, and it appears clear that this will continue to be the case for quite some time as the shift to more renewable sources begins in earnest. While immediate action may not yet be necessary, it seems wise that divesting from these energy sources is a step that most investors will have to consider relatively soon. This naturally leads to questions over the allocation of funds in other energy-related investments and whether or not it is worthwhile to continue to invest in energy resources that seem to be falling out of favor due to concerns over climate change and the actions recently proposed in Paris. This is a complex question that requires a complex answer.

For communities like Scottsdale and Phoenix, it seems natural that renewable sources of energy like solar represent a perfect option. However, in attempting to provide completely renewable heating services, Scottsdale and other communities have found that it is difficult to provide adequate and consistent output (particularly for commercial users that require massive and constant energy access) due to energy storage issues and other factors still influencing the viability of renewable energy. It is for this reason that many renewable energy experts have pointed out that the shift will be far more gradual than most people assume.

Consider the fact that the previous century relied mostly on coal and nuclear energy for electricity and oil represented the primary energy source for transportation. With the changes being pushed, the next century will likely see a shift to a primary reliance on natural gas and a continued dependence on coal along with renewable resources, and renewable resources may only grow to represent 20 percent of energy usage according to some of the more optimistic estimates. This is due to the fact that the most significant energy users are still industrial plants like steel mills and factories that require a constant energy source along with the ability to throttle output, which is not yet possible through renewable energy sources.

Investors must also consider the fact that the basic economics of the situation may muddle the shift away from carbon-based energy sources. Tight oil appears to be in solid supply and access to Arctic oil reserves means it is unlikely that scarcity will have any immediate impact on costs, so any shift to alternative energy sources requires reliability and competitive pricing in order for significant change to truly occur. Given the state of research and development and the fact that even the most advanced storage solutions for renewable energy are not yet cost-efficient (and possibly not all that safe), it may be quite a while before the climate change agreement has any real impact on investment strategies.

The thought that investors should radically alter their investment strategy to include a greater representation of alternative energies may be exaggerated at the current time, but it is still important to consider the impact of investing in advance of any major shift in the energy industry. There is a real opportunity to yield a tremendous return on a relatively minimal investment, but this requires a deep understanding of the many factors that will influence the market going forward. Investors who are considering a shift in strategy should look into whether divestiture from carbon-based energy is wise and should also understand which type of renewable energy source is best positioned to yield the greatest return on investment. Adopting a long-term strategy that reflects the most likely outcome in terms of the future composition of the energy industry seems to be a shrewd course of action, but it is one that also requires a great deal of accuracy in research and predictive analysis.

Parviz Khosrowyar is The Investments Guru

Not very many people today successfully qualify as an investment guru, but Parviz Khosrowyar is about as much of one as you’ll find. After carefully identifying his successful numbers, Parviz Khosrowyar  has the qualifications to be deemed a guru of finance and investments.

Parviz Khosrowyar put value investment strategies in place as his investment philosophy. His days of intensive investment research is meant to determine the appraised value of a company. In the words of Mr. Parviz Khosrowyar, “Investments are made at a tremendous discount which is ideally 45% to 55% below the current intrinsic value.” This is what Parviz Khosrowyar calls the “margin of safety”. Parviz Khosrowyar also holds 25-50 companies when fully invested.