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This is definitely the best time to be a borrower. Say thanks to the extreme competition in the sector and also the low base rate, low inflation and the funding for lending scheme improving the accessibility of cheap Suomalainen palvelu, rates have never  been this affordable – so what  are you waiting? Snap up the deal now!

Increasing lending figures

Based on the figures given by the Bank of England, an increasing number of people are making just that. For several months, lending figures have been increasing and have revealed sharp improvements since the start of the year – consumer credit rose by a roaring 1.2 billion pounds in March, which only means that the consumer credit level has grew by 7% every quarter and 6.9% since last year.

To additionally break it down, we can see that credit card lending rose by 0.2 billion pounds while other advances and loans increase by 1.1 billion pounds, showing how fast consumers are snapping up with this type of finance. As suggests by the analysis, lower rates have persuaded borrowers re-considering their credit obligations, or consolidating their present debts with a personal loan or to take advantage from 0% interest deals on credit cards, however there could be beyond such than that. Read More »

A new research study conducted by the has revealed a sad truth about the Britons, 3 in 5 do not even have a savings of £1,000 which can be used during emergency situations. The respondents said that they must have at least £1,200 savings to get through on rainy days but 59% have less than £1,000, worse, 25% have no savings while 75% rely on their credit cards to pay emergency expenses. The most unexpected costs are car repairs, boiler replacements and even overly high bills. However, 28% of the respondents believed they must have at least £2,000 to be reasonably safe during emergencies.

When Britons reach the age of more than 65, they believe to save at least £3,000 to be in the best place and take care of emergency situations and other surprises of life. On the other hand, Brits aged 35 to 44 are the most unprepared in cases of emergencies and one-third of them have no savings at all. This is a sad reality but if they do not save for rainy days, most of them will be in so much debt from credit card companies and lenders by taking a loan. One of the lenders that is shaking the guarantor lending market is the Guarantor loans which allow a tenant to become a guarantor as opposed to a home owner. If the guarantor is a tenant, the maximum loanable amount is £5,000, a major increase from the previous amount of £3,000. This lender increased the amount because it is confident that the economy of the UK is improving. Not only that, their APR is reduced massively to 59.9% from 79.9%.

Financial experts say that it is important to save because it does not only cover emergency expenses but also smaller expenses especially if monthly paycheck is delayed. Included in the survey is a question on what the respondents understood about rainy day, 56% of them said it is an unexpected replacement or repair of home appliance. Bills of car repairs equate to 51% and home repairs account 50%, they were two of the most expensive issues to solve. Other costs included replacement of laptop, tablet, smartphone or TV and paying big energy bills. A few of the respondents say that paying their car insurance or rent is considered a rainy day.

The good thing is that 45% of the respondents say they will wait for the funds to arrive until they undertake repairs if they lack funds at the present situation.

In the UK, the increase of wage remains low, this is the reason why the Britons should practice good budgeting in order to manage all their expenses each month. However, even if they try hard to meet both ends at the same time to save, it is not often possible to save in preparation for emergencies.

Even if the rates of payday loans were already capped, the effort of the government as well as the battle to avoid vulnerable people to fall into too much debt is getting worse according to Stella Creasy. She is an MP who is responsible for the introduction of the payday loan regulation. Stella added that the normal credit cost has increased in 2014. With the aim of persuading the Brits to diversify in longer-term loans, still, the industry of short-term loans was not constrained by its new limits.

One of the reasons why short-term loans appeal to many people is the fact that it is quick and simple like the Swift Money payday loans. They have many clients because their online application is transparent, instant loan process; no phone calls, no fees and the acceptance rate are very high. Since 2008, they already serviced more than 250,000 clients. You might wonder why they have valued clients; this is because of the company’s excellent service such as fast, affordable and efficient. Every time their valued customers are in need of money, they run to Swift Money and they have been recommended by 9/10 clients. Read More »

It is one of the rarest moments of humility on Wall Street that a chief of a hedge fund has apologized to his clients for losing all their money.

The founder of Canarsie Capital, Owen Li, has wrote to his clients stating that he had run down their accounts from $100 million a few months ago to just $200,000. According to reports, he took on risky financial behaviors to try to save his investment firm. With his current situation today, he might just consider applying for payday loans by Uncle Buck.

His risky strategies didn’t work out. He wrote to his clients, “My only hope is that you understand that I acted in an attempt – however misguided – to generate higher returns for the fund and its investors. But even so, I acted overzealously, causing you devastating losses for which there is no excuse”.

Payday Loans by Uncle Buck Read More »

With the advent of information technology that make everything move quickly, quick quid retail investors are now trading more and trading from anywhere they desire. The managing director of Trading at TD Ameritrade (AMTD), Nicole Sherrod, has analyzed the trends of approximately more than 6 million individual investors to determine what they’re purchasing and how they will make use of it.

During the end of year rally next month, Sherrod noticed that the TD investors tweaked their portfolios and took a step back. “In the last quarter, they started to slightly take their foot off the gas. As the market pushed up, they rotated out of some of the momentum stocks and into stocks with higher yield and lower beta.” Sherrod says clients are looking to balance opportunity and restraint. “It seemed like a very strategic way to position themselves to still take part in the markets as they pushed to higher highs but also be a little more cautious.” Read More »

One of the most popular lines made by people who attended financial education workshops for the first time is how they wish they had learned about personal finance when they were still young. Usually people who attend these workshops are already suffering from financial problems and more often than not some are advised to hire credit repair companies that will help them keep track of their finances.

While once can learn about financial management at any point of their life, it is always a good idea to learn early. Here are some financial advices for new graduates and young adults.

“Gradually” Upgrade your Lifestyle

If you are newly employed with a big paycheck, it may be tempting to buy a new car or get a comfortable new apartment for yourself but you’ll probably be a lot happier if you use your income during your early employment years and keep a low cost-of-living and save up for things like your own home or emergencies and eventually become independent financially. This may imply driving an older car or sharing an apartment with someone.

Rather than becoming stressed with high rent expenses and car payments, you should invest more on experiences such as traveling and going out with friends as it would make you happier emotionally and spiritually.

Know How to Cook

Next to housing and transportation, food is the next hugest expenses for most people. Learning how to cook is one of the best ways to save money. When you’re single, it’s also one of the best ways to impress your dates.

Create a Fund for Financial Freedom

During your early years, you are most likely changing jobs and moving to places as you try out different things and discover what you want in life; however, note that it will surely cost you a lot of money. Having spare cash in the bank will give you a peace of mind and the freedom to change jobs when necessary. The easiest way for you to do this is to set up an automatic money transfer from your checking account to your savings account every month.

Be Wise about Your Debt

People can be categorized into two. Some are too relax about their debts and allow high interest to accumulate on their credit card balances, thereby making it grow bigger and bigger; others are too scared of debt and put their spare cash towards paying off low-interest student loans when they should be saving for investments or emergencies.

A general rule of thumb is to pay down any debt aggressively that has interest rates above 4 to 6 percent like almost all credit cards. When your interest rate falls between 4 to 6 percent, you can go either way; depending on how you feel about debt and investment. Meanwhile, if you have interest rates that are below 4 percent, you’re better off investing your extra money instead.

The young generation expects or wants to have at least £100,000 in their pension savings for retirement; however, more than 50% of them haven’t started saving for it yet.

According to a research on retirement conducted by specialists of NOW: Pension, among those who are below 35 years old and are actually savings, their average contribution is just £22 monthly — which leaves them short of their target pension savings.

How much exactly do you need to save in order to generate a decent income for retirement without asking for a cash advance?

Do the Math

If you are paying £22 a month on your pension, your savings would be about £18,000 after 3 decades, assuming there is a 5% annual investment growth. Those who started in their 20s and saved for 4 decades would have a larger savings of £56,500.

In order to reach a £100,000 pension savings, savers should set aside about £70 per month if they are planning to save for more than 4 decades, increasing to about £120 for 3 decades, assuming there is a 5% yearly growth. If you are just 2 decades from retirement, you should save £250 monthly in order to reach the pension savings target of £100,000. If they are just a decade away from retirement, they’d have to save £650 a month.

The chief executive of NOW: Pension, Morten Nilsson, said, “The sooner you start saving and the more you set aside each month, the easier it will be.”

This is primarily because your early contributions would have longer time to grow in terms of value than those that are made during the later portion of their career. But is £100,000 enough for retirement by that time?

Problems in Pension

You may be shocked if you discover how much pension you need to save for just a basic salary.

According to Nilsson, “While £100,000 seems a healthy amount, men aged 25 today are likely to live until they are 88 and women to 91, which means this pot has to fund around two decades of retirement.”

“The result is that even a £100,000 pension pot will not buy you riches. If used to buy an annuity it would secure you a fixed income of between £5,000 and £6,000 a year,” Nilsson added.

If you’re eligible for the maximum basic state pension which is currently about £6,000 annually for an individual, this will take your average income to £12,000 at most. This, in turn, is less than half the average national salary for full-time employment which is £27,000.

The Gap in Luxury

One thing that will be in your favor is that the cost of living is potentially lower during retirement.

MGM Advantage’s pensions technical director, Andrew Tully, says, “Hopefully you will have paid off your mortgage and will not have any commuting costs, but you still will not be living a life of luxury.”

The good news, however, is that the Government will give 20-45% tax-relief on your pension savings based on your personal rate.

According to experts, if you want to get into the competition and compete well, you need to know how to make strategies. Youtube is known to be the second largest search engine. So if you are planning an SEO video strategy, make it a vital part of it. During one of the session in ClickZ Live New York, Allen Gottfried which is a manager of internet and online strategies at New Jersey’s St. Peter’s Healthcare System talk about videos and shared some ways on how marketers could make the most out of such videos.

According to Gottfried, when he created videos for specific treatment choices, it brought him from being in page three of the search ranking to the top of the second page. He said, “I see a lot of websites writing relevant content and it’s good, but the video performs so much better, even though the written content is the same,” he said. “A lot of people just want to watch something for two minutes. They want to see a product in front of them, being demonstrated.”

Just like in aiming for domains with PR, there are also 5 simple tips that Gottfried would like to share simple tips to boost your SEO Video strategies.

Take Advantage on All Open Fields

As Gottfried said, take advantage on all fields in Youtube descriptions including the comments, descriptions and titles. If you can notice empty space, fill it with social media links or even its videos which is a lot easier to share.

Have Significant Consideration to Video Production Quality

A poor video quality will never do you good in the industry. You need to ensure that lighting and sounds are of high quality. A good quality microphone is available at $20. Those kinds of standards are also applicable in your thumbnails. Gottfried recommends the use of still pictures to avoid any problem with the sound quality and unappealing pictures.

Consider Smartphones

Half of Youtube video followers come from mobile users. So Gottfried advices that it is better to video shoot that will fit smaller screens like those mobile phones.

Follow a Schedule

It would be a good idea if you will follow a regular timing when updating or uploading your videos so that it will be easier for your followers.

Keep Your Followers

Once you have followers, you should find ways to make them stay. You can make playlist to make videos more organized or you can do cross promotion with other channel to drive more traffic.

It is not enough that you should save for retirement. You should also prudently invest these savings to appropriate markets. A recent report from the Council of Economic Adviser (CEA) of President Obama said that inappropriate investment advice would cost savers $17 billion a year. Excessive investment fees as well are reducing the amount of returns that you could be earning.

It is important to note that investment brokers have financial incentives when promoting various products and services; more often than not, they would advise you to acquire products where they could make most money. To know more about this, visit

President Obama said during his speech at the AARP, “There are also financial advisers who received back door payments and hidden fees for steering people into bad retirement investments that have high fees and low returns. They might even recommend an investment with worse returns simply because they get paid to recommend those products.”

gold IRA rollovers

The CEA approximates that biased advice results to returns that are approximately 1% lower every year. Thus if retirees receive such advices when rolling over a 401K account to IRA upon retiring, he or she will lose about 12% of the account’s value while drawing it down for over 30 years.

According to the report of the CEA, “Financial advisers are often compensated through fees and commissions that depend on their clients’ actions. Such fee structures generate acute conflicts of interest: the best recommendation for the saver may not be the best recommendation for the adviser’s bottom line.”

Department of Labor suggests inquiring potential investment advisers whether they are willing to act as fiduciary; this means that they are required to suggest investments that are in line with the best interests of the clients. It is also best that you determine how your adviser is compensated and whether or not it changes based on the investments.

Regardless of whether or not you will earn returns from your investment, investment fees are typically there whether it performs or not. Therefore, it is essential that you look for funds that will charge you with lowest fees possible.

In addition, for you to get the maximum value from your retirement investment, you should be able to follow rules. Early withdrawal of traditional retirement accounts would cost you 10% withdrawal penalty. By age 71, it is required for you to withdraw money from your retirement accounts annually. Note that, withdrawing money from your account too early or too late will always result in reduced savings.

According to Callahan & Associates’ 4th Quarter Trendwatch webinar, “By all accounts, credit unions have connected with the booming US economy, and the industry’s fourth quarter 2014 financial performance reflected the nation’s economic improvement.”

With increasing salaries, decreasing unemployment rates, and with 2.4% national GDP, they have created an increased confidence levels from consumers that would drive credit unions and the best credit repair companies to great performance ratios.

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This is primarily due to improved quality of assets, capitals, and net income, as well as the increasing growth of loan portfolios. Credit unions will definitely have a good position in the economy.

Jay Johnson, the EVP of Callahan, said, “All aspects of the portfolio are moving up and asset quality continues to improve. The economy’s momentum will continue to propel credit union growth.”

As of 2014’s year-end, the assets of the credit union industry have reached $1.14 trillion; thus, increasing at 5.8% compared to the 3.9% increase in 2013. According to Callahan, Loans have summed up to $721.6 billion in 2014 which reflects a 10.5% growth rate in 2014, beating the 7.9% growth in 2013.

There is also an increase in shares of up to 4.6% which beats the 3.7% increase in 2013. Capitals increased by 8.3% from 3.2% in 2013. Aggregate membership increased as well with a growth rate of 3.3% compared to 2.5% in 2013.

Other investments on the other hand, were affected; decreasing by 3.2% which is actually further decrease from 2.1% in 2013.

Johnson further said, “First mortgage originations fell 20% to the previous year, but credit unions still performed better than the overall market, which dropped 40% during the same period. A decade ago, we talked about credit unions moving from 2% of the mortgage market to 10%, and we’re almost there.”

Credit unions have also increased more than 10% in terms of deposit market share across 27 states in the US, according to Johnson. Alaska is on top of the list with 40.3% deposit market share, then New Mexico having 21.4% increase, Washington with 21.1%, Vermont with 20.7%, and Idaho with 19.5%; making up for the top 5.

The 4.6% growth in shares is said to be a combination of gains and losses. Retirement accounts, Keogh accounts, as well as share certificates have decreased slightly in 2014, thereby counteracting the 8.5% increase in regular shares as compared to 2013 having 7.8% growth. There was also a 10.3% share growth of draft accounts in 2014 in comparison to 2013’s 6.8%.

If you decide to buy a car, there are several factors that you need to consider and remember. One is being that you need to put your financial status a priority; thus, if you do not have the particular amount of money to buy a car, then you can opt to apply for loans. Many banks and lending institutions monitor the trends of the current financial status of the people; this is primarily the reason why sometimes they get ahead of us by giving us a hand in times that we need help in finances to purchase something of great value.

Majority of the banks and lending institutions would require the applicant proof of income which can be in a form of the client’s banks or credit statement; this would serve as a security for them that you would be able to repay the loan on time. However, for those who have problems with their credit scores; it would be harder for them to acquire loans. Bad credits may result from accidents, divorces, health issues, unemployment, and other unfortunate circumstances that have become a hindrance for them to enable on-time payment of the credit balances they owe.

It is important to note that the problem of these clients is that they tend to overlook their credit scores, thereby asking for alternatives as they talk guarantor loans; that is, paying a good amount of down payment and having guarantors in case of bad debts. Pre-approved auto loans that have no credit scores are often the course of actions for these types of borrowers; they’ll be given interest rates and they are expected to pay a specific amount of down payment.

Before you opt for this path, you need to understand the terms and conditions of the institution which are mention in these pre-approved loaning schemes; thereby, helping the clients choose payment schemes that is most suitable for them. Clients who want to rebuild their credit rating may apply for 2nd chance financing wherein lending institutions do not go heavy on interest rates and make sure that their clients will pay a mount that is comfortable to their financial status.

These days, it is easy to be swept away with every new marketing trend. Will it push towards wearable technology’s advertising or should investors devote their resources towards advertising of the latest social platform? Usually, these options leave the heads of marketers spinning and if they invest in the latest fad, they will get burned out. The logic behind this is that there is a great difference between the latest marketing fad and Pinterest since Pinterest is one of the most incredible vehicles to drive traffic in your site and the more important aspect is that it can create conversions through checkout.

This is not just a statement but it has proof, according to the Piqora study in 2013, each pin generated $0.78 in sales on the average. Also, in a study conducted by Javelin Strategy and Research, they found out that users of Pinterest have an average order value of $123.50; this figure is way too higher than the average order value in Facebook which is only $54.64. This means that Pinterest is 126% more compared to Facebook. It is not only recipe bloggers and shop owners like Etsy shop are having success on Pinterest but includes brands such as Free People and Nordstrom. At this stage, you must know the importance of Pinterest, the next to thing to understand is how to optimize your website as well as your marketing strategies so that you can maximize the social network.

Erika Napoletano

There are key components so that you can integrate your website to Pinterest, here they are:

  • Your Pin It button should be easy to use and prominent depending on the importance of Pinterest to your brand. You may consider giving more visibility over other icons of the social media.
  • Your site must have an automatic pull of well-optimized image everytime the users click on your Pin It button. Of course, the images should be clean and high-resolution.
  • Your site must have an automatic pull of a concise and well-written description featuring several relevant hashtags as well as key product data.
  • When someone shares from your site, the link should automatically link to the right landing page.

From the tips above, to encourage social engagement in any platform, the best thing to do is to avoid or reduce friction. Your job is to make it simple and easy as possible. However, if the tips explained above are still insufficient on how to maximize Pinterest’s e-commerce, you can attend the BHW Conference. Through the years, it has become bigger, better and more essential for the success of businesses. They invited proactive thinkers and influential people who will help maximize your earnings, one of them is Erika Napoletano, the head of Readhead Writing Media Inc. She has been featured in Forbes, Entrepreneur Magazine, Fast Company, Open Forum, Maria Shever and many more.