Nowadays there are thousands of Asian mail order brides who register themselves with marriage agencies to look for husband overseas. Every year, there are many marriages happen between foreign men and Asian women. Basically, the marriages are created in Asia where the ladies live. Because of the lifestyles that people live in Asian countries, thousands or even millions of women in Asia are looking for foreign husbands to have a better future for them and the children. They are willing to get married with even older men. Single men looking for Asian women because of the physical beauty and the characteristics. They are popular in their feminine, petite, slender, and grace. Most of them are charming and appealing. Especially they know how to cook, treat and respect their husbands.
Asian brides conduct with good manners. They are polite and they respects and consider the family as the ultimate thing in life. The main reason that these ladies want to look for husbands overseas is to get a better future. Especially, men in the West are popular in treating a lady. In Asia, there are many domestic violence so some women are afraid of getting married. By looking at the way Western men treat the wife, women in Asia dream of being treated and cared like that. So, who else don't want to get married with Asian men who live in the West or even native Western guy? In Asia, if an Asian woman gets married with a man who lives in the West, she is proud of herself. Also, her family is proud of relatives, friends, and neighborhood.
Most of these mail order brides live in developing countries, including Philippines, Thai, Vietnam, Cambodia, China, Korea, and so on. These ladies are either single, widowed, divorced. They register their personal ads at either Asian dating sites, online dating services, or mail order bride agencies. They are available and looking for a husband in the West. When single men seeking women in Asia contact them, they will reply to the message and start the process. Most of these girls are ready to meet the men in their local area. So, most of men who are interested in these ladies, they will come to Asia to meet the girls and go from there. Most of them see at least two girls so they can make decision to choose the best one for marriage. That's how it work. Asian brides also do the same thing.
Why are single men looking for Asian mail order brides?
Most of these Asian girls are traditional. They are beautiful, honest, and faithful to love, relationship and marriage. An Asian woman is physically attractive and appealing. She is gentle and polite. She has strong family values. Of course, she is willing to get married with an old guy. Most of these brides can adapt to new country and cultures easily.
Why are single Asian women looking for men overseas?
Finance is the first thing. Modern life is the second. Most of these women in Asia life in a poor and outdated lifestyle. They are looking for improving their lifestyle by getting married with men in the West. These guys are either native Western men or Asian Western men.
So, if you are one of these single Asian women looking for men in the West and vice verse, then you should take action to find your second half today. Life is short. Don't just sit there and wait. Take action to register a profile and meet your future life mate now.
Monday, April 30, 2012
Saturday, April 28, 2012
Bad Credit Car Loans Multiple Choice Test
If you are looking at getting a vehicle finance but don't know quite sure all the information you have to know, then this post is the proper place to start. This is going to be a fun ways to learn about auto loans. We are going to make clear the difference between both varieties of car loans, several tricks which will help you over the way, and many common errors that most folks make when buying their vehicle.
Put your thinking caps on and let's get started!
First question. What is one thing that financial institutions want in return for loaning you funds to get a vehicle?
A. Candy
B. A smile
C. Collateral
The right answer is C, Collateral. There are 2 sorts of car financing which you could request for. A secured car loan and an unsecured automobile loan. The differentiation between both is collateral. A secured auto credit will want to almost definitely use the automotive you want to buy as the collateral. An unsecured vehicle financing means there is no collateral. But, with this type of auto credit, your interest and payments can be considered above normal.
Next question. What's 2 things which are required so as to obtain a car finance?
A. Excellent credit and a budget.
B. Upright friends plus a movie.
C. Tires and keys.
The correct answer is A, Good credit and then a budget. One tip that will aid you in applying for a car loan has good credit. In case you have a low credit score then obtaining a car loan shall be easy and pain free, and most likely you may be driving home the car you actually want. Having lower credit will still get you a car, however might not be the one that you desire. Tip 2 is have a budget. Make sure you can afford having aautomotiveYou need to have money to payoff the loanpay for insurance, pay for theupkeepon theautoand havemoney for fuelIf you have that then you are good to go.
Last question. When visiting buy your car, you ought always...?
A. Speed towards car dealership.
B. Test drive the car you have an interest in.
C. Be rude to your salesman.
The proper answer is B, test drive the car you prefer to buy. Don't be afraid to consider the car for only a test drive longer than round the block. Let the salesman know that you are really serious about the vehicle and that you want to ensure this can be the suitable choice. Don't stick with one model,drive many cars so you have got a good choice. You should also negotiate the price. The dealership will try to hold the selling price, but negotiate it down as much as possible. They should most definitely go with your offer.
So there it truly is, this should enable you in applying for a car loan. You can actually always log on too to search for information.
Put your thinking caps on and let's get started!
First question. What is one thing that financial institutions want in return for loaning you funds to get a vehicle?
A. Candy
B. A smile
C. Collateral
The right answer is C, Collateral. There are 2 sorts of car financing which you could request for. A secured car loan and an unsecured automobile loan. The differentiation between both is collateral. A secured auto credit will want to almost definitely use the automotive you want to buy as the collateral. An unsecured vehicle financing means there is no collateral. But, with this type of auto credit, your interest and payments can be considered above normal.
Next question. What's 2 things which are required so as to obtain a car finance?
A. Excellent credit and a budget.
B. Upright friends plus a movie.
C. Tires and keys.
The correct answer is A, Good credit and then a budget. One tip that will aid you in applying for a car loan has good credit. In case you have a low credit score then obtaining a car loan shall be easy and pain free, and most likely you may be driving home the car you actually want. Having lower credit will still get you a car, however might not be the one that you desire. Tip 2 is have a budget. Make sure you can afford having aautomotiveYou need to have money to payoff the loanpay for insurance, pay for theupkeepon theautoand havemoney for fuelIf you have that then you are good to go.
Last question. When visiting buy your car, you ought always...?
A. Speed towards car dealership.
B. Test drive the car you have an interest in.
C. Be rude to your salesman.
The proper answer is B, test drive the car you prefer to buy. Don't be afraid to consider the car for only a test drive longer than round the block. Let the salesman know that you are really serious about the vehicle and that you want to ensure this can be the suitable choice. Don't stick with one model,drive many cars so you have got a good choice. You should also negotiate the price. The dealership will try to hold the selling price, but negotiate it down as much as possible. They should most definitely go with your offer.
So there it truly is, this should enable you in applying for a car loan. You can actually always log on too to search for information.
Friday, April 27, 2012
Why Internet Banking Is Popular
Internet banking is a huge step forward in terms of convenience and safety in the banking world. Most banks have website and most of these web sites have areas for online banking customers. Though it cannot take care of every type of transaction for you, it does provide a great deal of ease for tedious tasks that would require you to go to the bank frequently. These sites are safe as long as you keep your information private. It is easy to set up; just follow the prompts on the site.
They will need a few days to confirm the bank account, usually by putting a small amount of money in your account (under a dollar). You will then have to go in person to the bank, prove your identity, find out how much they put in your account, and type the number in online. This is not the same for every bank, but this is the standard practice for many.
Though it is not the same as going to a bank in person (you can do nothing with cash), it is mostly just for easing the tedious monitoring of your account. Instead of waiting for your monthly statement and then trying to balance a month's worth of credits and debits, you can just follow along online every day. It makes balancing your checkbook so much easier, since you get just a couple of transactions within a few days of their occurrence.
Bills can be paid through this site, since most major companies (especially for utilities, credit cards, and cable) have similar online areas for bill payment. In this way, you can pay the bill knowing for certain that you have enough money. You will also never worry about the mail being delayed or lost.
People with many accounts find this is a great relief to see all of them together and transfer money with more ease. You can look back at what has happened in the accounts for the past thirty days. Any longer than that and you will have to go into the bank. Thankfully, since people can check up as often as they like, there is less need for going into the bank to sort out complications.
Since you are capable of viewing your transactions every day, it really increases the chances of fraud reduction. People no longer will forget if they have written a check or not, or find out three weeks later that they have been ripped off. If you see a check of yours was cashed yesterday, you will have a much higher chance of recognizing if it was actually written by you and catching the person who cashed it.
It helps because they photocopy the fronts of the checks and post them online under a check number link. You can see if it is even your hand writing. This is something they would normally have to print out for you at a bank, but here it is all at your fingertips.
There are tons of preferences to suit your needs on these sites. You can even do a stop payment transaction on a check. Read the site's literature to make sure you understand how to avoid fraud and properly use the site.
They will need a few days to confirm the bank account, usually by putting a small amount of money in your account (under a dollar). You will then have to go in person to the bank, prove your identity, find out how much they put in your account, and type the number in online. This is not the same for every bank, but this is the standard practice for many.
Though it is not the same as going to a bank in person (you can do nothing with cash), it is mostly just for easing the tedious monitoring of your account. Instead of waiting for your monthly statement and then trying to balance a month's worth of credits and debits, you can just follow along online every day. It makes balancing your checkbook so much easier, since you get just a couple of transactions within a few days of their occurrence.
Bills can be paid through this site, since most major companies (especially for utilities, credit cards, and cable) have similar online areas for bill payment. In this way, you can pay the bill knowing for certain that you have enough money. You will also never worry about the mail being delayed or lost.
People with many accounts find this is a great relief to see all of them together and transfer money with more ease. You can look back at what has happened in the accounts for the past thirty days. Any longer than that and you will have to go into the bank. Thankfully, since people can check up as often as they like, there is less need for going into the bank to sort out complications.
Since you are capable of viewing your transactions every day, it really increases the chances of fraud reduction. People no longer will forget if they have written a check or not, or find out three weeks later that they have been ripped off. If you see a check of yours was cashed yesterday, you will have a much higher chance of recognizing if it was actually written by you and catching the person who cashed it.
It helps because they photocopy the fronts of the checks and post them online under a check number link. You can see if it is even your hand writing. This is something they would normally have to print out for you at a bank, but here it is all at your fingertips.
There are tons of preferences to suit your needs on these sites. You can even do a stop payment transaction on a check. Read the site's literature to make sure you understand how to avoid fraud and properly use the site.
Thursday, April 26, 2012
Hamp Loan Modification Guidelines: Lender Secrets Uncovered
The key to a successful loan modification application is properly presenting your income and expenses to your loan servicer. A very slight difference in your income or your monthly spending could cost you an application denial instead of enjoying the benefits of reduced mortgage payments. Few tricks may help you to present yourself to your lender in a way that would ensure better chances of success.
HAMP Income and DTI Requirements
HAMP revolves around percentages and ratios. As it is a nationwide program, there are no individual considerations, just pure statistics mated with mathematics. The first number a borrower should keep in mind is 31%. This number represents a maximum portion of your gross monthly income that should be contributed towards your mortgage payment under HAMP. If your monthly mortgage payment is lower than 31% of your monthly paycheck, then you should not waste your time applying for a loan modification. If you are above even by 1%, then you are a likely candidate for mortgage payment reduction under HAMP provisions. Do not get too excited, though, as there are some other numbers and ratios to consider.
Excess Monthly Cash Flow Guidelines
This complex phrase means very simple and obvious thing your monthly budget, i.e. your earnings less your expenses. What you are going are going to find out here is either that you are chronically short on cash or you have some leftover money every month. No matter whether you end up being in surplus or in deficit, make sure that you play the numbers to your advantage. You should budget your mortgage as 31% of your monthly income. Your surplus or deficit should not exceed 10% of your monthly paycheck. These numbers would show your lender that you would be capable of handling modified payments without overextending yourself; otherwise, they may decline your application because loan modification would not prevent you from future loan defaults due to insufficient cash flow.
Net Present Value Assessment
Lenders utilize the Net Present Value (NPV) test in order to establish how a loan modification under HAMP would affect their bottom line. It is calculated using a complex formula that considers multiple factors to include the current market of your home, your interest rate, your mortgage principal balance, your income and expenses, and some others. What NPV test accomplishes is that it establishes the worthiness of utilizing government incentives included in HAMP for lenders. Even negligible changes to the way your expenses are calculated may result in passing of previously failed test, and vice versa. Should you fail, a lender would reject your HAMP loan modification application and present you with some alternative options instead.
Above are the major guidelines lenders abide by when making loan modification application evaluations. While there are some other things taken into the equation, complying with the major three guidelines explained above would most likely guarantee a successful loan modification. Playing with numbers may be difficult and time-consuming, but when your home is at risk it is very well worth doing, especially since adjustments to your financial statements may be done at any time preceding the loan modification decision.
HAMP Income and DTI Requirements
HAMP revolves around percentages and ratios. As it is a nationwide program, there are no individual considerations, just pure statistics mated with mathematics. The first number a borrower should keep in mind is 31%. This number represents a maximum portion of your gross monthly income that should be contributed towards your mortgage payment under HAMP. If your monthly mortgage payment is lower than 31% of your monthly paycheck, then you should not waste your time applying for a loan modification. If you are above even by 1%, then you are a likely candidate for mortgage payment reduction under HAMP provisions. Do not get too excited, though, as there are some other numbers and ratios to consider.
Excess Monthly Cash Flow Guidelines
This complex phrase means very simple and obvious thing your monthly budget, i.e. your earnings less your expenses. What you are going are going to find out here is either that you are chronically short on cash or you have some leftover money every month. No matter whether you end up being in surplus or in deficit, make sure that you play the numbers to your advantage. You should budget your mortgage as 31% of your monthly income. Your surplus or deficit should not exceed 10% of your monthly paycheck. These numbers would show your lender that you would be capable of handling modified payments without overextending yourself; otherwise, they may decline your application because loan modification would not prevent you from future loan defaults due to insufficient cash flow.
Net Present Value Assessment
Lenders utilize the Net Present Value (NPV) test in order to establish how a loan modification under HAMP would affect their bottom line. It is calculated using a complex formula that considers multiple factors to include the current market of your home, your interest rate, your mortgage principal balance, your income and expenses, and some others. What NPV test accomplishes is that it establishes the worthiness of utilizing government incentives included in HAMP for lenders. Even negligible changes to the way your expenses are calculated may result in passing of previously failed test, and vice versa. Should you fail, a lender would reject your HAMP loan modification application and present you with some alternative options instead.
Above are the major guidelines lenders abide by when making loan modification application evaluations. While there are some other things taken into the equation, complying with the major three guidelines explained above would most likely guarantee a successful loan modification. Playing with numbers may be difficult and time-consuming, but when your home is at risk it is very well worth doing, especially since adjustments to your financial statements may be done at any time preceding the loan modification decision.
Wednesday, April 25, 2012
Car Dealer Leasing Tricks
Too often when it comes to auto-leasing, people get so dazzled by the myriad terms and the jargon thrown their way that they end-up paying through the nose, relying on a dealer's help than their own informed decision.
Here is a look at some of the tricks dealers use to pad their profits and leave the customers shelling hundreds of dollars more than the deal should be worth.
Trick 1: Leasing always a better deal than buying
Dealers use the lure of lower-monthly payments to entice customers to sign for long-term loans, with terms stretching for five years or more, making the payments even lower. There are two catches with such lengthy contracts: higher mileage, exceeding the prescribed limit, and hefty repair costs.
With leases charging on average 10 to 20 cents a mile for any extra mile over the agreed amount in the contract, and warranties only covering three years, you leave yourself wide open for hefty charges for excessive mileage and wear and tear.
Trick 2: Cheap 2-3% APR rate on your lease
The dealer is not quoting the interest rate you would be paying on your lease; he's rather giving you the lease money factor. Whilst similar to an interest rate and important in determining your monthly payment, a more accurate rate is calculated by multiplying the money factor by 24. For example a cheap 3% money factor is 24 X 0.003 = 7.2%. This gives you a better sense of what your annual interest rate on your lease contract is.
Trick 3: Stress-free early lease termination
Dealers know consumer driving needs change and they would like to have the option of getting out of a lease commitment sometime down the road, before their lease ends. Truth of the matter is, when you sign for a lease, you are effectively saddled with monthly payments for the remainder of the lease term and there is little-choice of getting out early. Lease contracts carry hefty financial penalties for either defaulting on monthly payments or terminating the lease earlier than the scheduled term.
To avoid being on the receiving end of such tried-and-true tricks, educate yourself about leasing. Get down to the nitty-gritty and understand what the leasing terms used by dealers mean. Crunch the numbers along with him and understand how they arrived at the monthly payment figure. Don't sign anything until you've understood all the terms and your numbers much those of the dealer. Do not let the dealer pressure you into signing; you are the one to determine whether the agreement is right for you.
Here is a look at some of the tricks dealers use to pad their profits and leave the customers shelling hundreds of dollars more than the deal should be worth.
Trick 1: Leasing always a better deal than buying
Dealers use the lure of lower-monthly payments to entice customers to sign for long-term loans, with terms stretching for five years or more, making the payments even lower. There are two catches with such lengthy contracts: higher mileage, exceeding the prescribed limit, and hefty repair costs.
With leases charging on average 10 to 20 cents a mile for any extra mile over the agreed amount in the contract, and warranties only covering three years, you leave yourself wide open for hefty charges for excessive mileage and wear and tear.
Trick 2: Cheap 2-3% APR rate on your lease
The dealer is not quoting the interest rate you would be paying on your lease; he's rather giving you the lease money factor. Whilst similar to an interest rate and important in determining your monthly payment, a more accurate rate is calculated by multiplying the money factor by 24. For example a cheap 3% money factor is 24 X 0.003 = 7.2%. This gives you a better sense of what your annual interest rate on your lease contract is.
Trick 3: Stress-free early lease termination
Dealers know consumer driving needs change and they would like to have the option of getting out of a lease commitment sometime down the road, before their lease ends. Truth of the matter is, when you sign for a lease, you are effectively saddled with monthly payments for the remainder of the lease term and there is little-choice of getting out early. Lease contracts carry hefty financial penalties for either defaulting on monthly payments or terminating the lease earlier than the scheduled term.
To avoid being on the receiving end of such tried-and-true tricks, educate yourself about leasing. Get down to the nitty-gritty and understand what the leasing terms used by dealers mean. Crunch the numbers along with him and understand how they arrived at the monthly payment figure. Don't sign anything until you've understood all the terms and your numbers much those of the dealer. Do not let the dealer pressure you into signing; you are the one to determine whether the agreement is right for you.
Tuesday, April 24, 2012
Distress Sales/bank Foreclosures
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up.
If you're the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.
Here's how it works. Every week, you will receive a FREE computerized report listing the current Foreclosure properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
You can request this free service by simply filling out the information on the form below including the specific price range and area you would like the "Foreclosure Weekly Report" on. When you have completed the form just click the "Submit" button at the bottom of this page.
Why is All This Information Provided for FREE?
This site was designed as a consumer service to help Buyers and Sellers make informed real estate decisions. We know that it is often difficult to get relevant information when you are looking to buy and sell a home.
In order to better educate and inform buyers and sellers, we have provided comprehensive information as a FREE No-Obligation Service. Many buyers and sellers who visit this site are so impressed with this service that they will contact bcareaforeclosures (or one of our sponsors) in order to assist them in the purchase or sale of their home.
We truly hope that you find these reports, information, tools and resources helpful and we look forward to helping you with your move.
If you're the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.
Here's how it works. Every week, you will receive a FREE computerized report listing the current Foreclosure properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
You can request this free service by simply filling out the information on the form below including the specific price range and area you would like the "Foreclosure Weekly Report" on. When you have completed the form just click the "Submit" button at the bottom of this page.
Why is All This Information Provided for FREE?
This site was designed as a consumer service to help Buyers and Sellers make informed real estate decisions. We know that it is often difficult to get relevant information when you are looking to buy and sell a home.
In order to better educate and inform buyers and sellers, we have provided comprehensive information as a FREE No-Obligation Service. Many buyers and sellers who visit this site are so impressed with this service that they will contact bcareaforeclosures (or one of our sponsors) in order to assist them in the purchase or sale of their home.
We truly hope that you find these reports, information, tools and resources helpful and we look forward to helping you with your move.
Instant Faxless payday loans-Additional finances to remove deprivation
Are you worried about meeting urgent financial needs? If you are facing some shortage of finances to fulfill your financial demands, here are instant Faxless payday loans for you. It would be the finest loans approach that assists you well without letting you undergo a tiresome or time consuming loan processing. In order to avail the instant financial aid, this is the reliable financial aid that suits you best. It is a simple and convenient financial option to chuck your financial worries with ease.
To get assisted with hassle free monetary aid to meet your immediate cash crisis, instant Faxless payday loans is the finest monetary aid that can be availed without pledging any collateral at all. Thus, you can enjoy the assistance of this loan aid without undergoing any collateral assessment and preparing extensive documents to fax. Funds that you are allowed to borrow can be ranges from 0 to 00 with simple repayment tenure of 14 to 31 days. Meet your small expenses and desires such as meeting grocery bills, sudden car damage expenses, credit card dues, telephone bills, education fee of your child, go on small tours and so on.
Now, you can apply with instant payday loans with the convenience of your home or office. There will be no huge application forms needed to be completed. However, it is consists of a single online application form with few required details. The loan money will swiftly transfer in your checking account in least possible hours. One need not have to visit to the lender to access the finance. Also, there will be no need to visit to the lender and wait for your turn. One can access this loan aid in flash of minutes as it is a Faxless loan aid without any fuss.
Individual will be enabled to get hold of cash instantly within hours of your application. For this, you need to meet some of the criteria i.e., residency of the USA, currently employed and have a checking account. Plus, you need to earn at least 00 per month. Once you meet the above terms. You will get approved with instant Faxless payday loans at ease.
No credit checks are followed. Thus, bad creditors can also get benefitted with this loan aid. There will be no credit pressure at all. Applying with this loan would be the affordable source of finance to match your fiscal needs. No more waits is required as let you get free from financial burdens.
To get assisted with hassle free monetary aid to meet your immediate cash crisis, instant Faxless payday loans is the finest monetary aid that can be availed without pledging any collateral at all. Thus, you can enjoy the assistance of this loan aid without undergoing any collateral assessment and preparing extensive documents to fax. Funds that you are allowed to borrow can be ranges from 0 to 00 with simple repayment tenure of 14 to 31 days. Meet your small expenses and desires such as meeting grocery bills, sudden car damage expenses, credit card dues, telephone bills, education fee of your child, go on small tours and so on.
Now, you can apply with instant payday loans with the convenience of your home or office. There will be no huge application forms needed to be completed. However, it is consists of a single online application form with few required details. The loan money will swiftly transfer in your checking account in least possible hours. One need not have to visit to the lender to access the finance. Also, there will be no need to visit to the lender and wait for your turn. One can access this loan aid in flash of minutes as it is a Faxless loan aid without any fuss.
Individual will be enabled to get hold of cash instantly within hours of your application. For this, you need to meet some of the criteria i.e., residency of the USA, currently employed and have a checking account. Plus, you need to earn at least 00 per month. Once you meet the above terms. You will get approved with instant Faxless payday loans at ease.
No credit checks are followed. Thus, bad creditors can also get benefitted with this loan aid. There will be no credit pressure at all. Applying with this loan would be the affordable source of finance to match your fiscal needs. No more waits is required as let you get free from financial burdens.
Monday, April 23, 2012
From Your Account To Your Purse: How ATMs Give You Your Money
Over the last half century, automated teller machines or ATMs as they're more commonly known have revolutionised the way we bank. Initially created simply to dispense cash, today's ATMs perform a range of functions. In the 21st century, you can use an ATM to deposit cash as well as withdraw it from your account, check your balance and to top up your mobile phone. Many ATMs also have multi-lingual capabilities and touch screen functionality, making them more relevant and useful in today's globalised world.
But how exactly do ATMs work? Read on to find out more about this ground-breaking machine and how it gets your money from your account to your purse.
How ATMs work
If you've just opened a bank account, or you're simply new to ATMs, it's important to distinguish between their various components and buttons. The first step is to insert your bank card into the machine. It will then prompt you to enter your four-digit PIN which will have been given to you by your bank. Provided you have entered your PIN correctly, you'll then be asked which function you'd like to complete: for instance, a cash withdrawal, a balance check or a mobile top up. If you're withdrawing cash the most common use of an ATM you must specify how much you need. You'll hear the faint whooshing sound of notes being counted before your cash is dispensed. You can also opt to print a receipt, or sometimes a mini balance statement of your last few transactions.
Of course, the money doesn't magically fly from your bank account to the ATM. Essentially, each ATM is connected to a host processor. When you insert your card and PIN to request cash, the host routes the request to your bank or building society. Provided you have enough money, this triggers an electronic funds transfer from your bank account to the host's account. When the funds have been transferred, an approval code is sent to the ATM asking it to release the cash. The merchant running the machine will then be reimbursed by the host account soon after the transaction. It sounds like a complex process, but to the customer using the ATM it takes place in a matter of seconds.
Advantages of using ATMs
Whether or not you use an ATM to obtain cash from your account is usually a personal preference, but there are many advantages to the technology. Its primary benefit is convenience. Previously, people could only obtain money when bank branches were open. With ATMs, you have access to your money 24 hours a day. And although there may be queues at some ATMs they are usually cleared much faster than they would be in a bank, since there is no need to fill out withdrawal forms or sign receipts.
Often, you can withdraw money from any bank's ATM at no extra charge too, though it's important to remember that some ATMs may charge you to take out money. And with significant improvements to global ATM management software in recent years, it's now easier than ever to withdraw money from an ATM wherever you might be in the world.
But how exactly do ATMs work? Read on to find out more about this ground-breaking machine and how it gets your money from your account to your purse.
How ATMs work
If you've just opened a bank account, or you're simply new to ATMs, it's important to distinguish between their various components and buttons. The first step is to insert your bank card into the machine. It will then prompt you to enter your four-digit PIN which will have been given to you by your bank. Provided you have entered your PIN correctly, you'll then be asked which function you'd like to complete: for instance, a cash withdrawal, a balance check or a mobile top up. If you're withdrawing cash the most common use of an ATM you must specify how much you need. You'll hear the faint whooshing sound of notes being counted before your cash is dispensed. You can also opt to print a receipt, or sometimes a mini balance statement of your last few transactions.
Of course, the money doesn't magically fly from your bank account to the ATM. Essentially, each ATM is connected to a host processor. When you insert your card and PIN to request cash, the host routes the request to your bank or building society. Provided you have enough money, this triggers an electronic funds transfer from your bank account to the host's account. When the funds have been transferred, an approval code is sent to the ATM asking it to release the cash. The merchant running the machine will then be reimbursed by the host account soon after the transaction. It sounds like a complex process, but to the customer using the ATM it takes place in a matter of seconds.
Advantages of using ATMs
Whether or not you use an ATM to obtain cash from your account is usually a personal preference, but there are many advantages to the technology. Its primary benefit is convenience. Previously, people could only obtain money when bank branches were open. With ATMs, you have access to your money 24 hours a day. And although there may be queues at some ATMs they are usually cleared much faster than they would be in a bank, since there is no need to fill out withdrawal forms or sign receipts.
Often, you can withdraw money from any bank's ATM at no extra charge too, though it's important to remember that some ATMs may charge you to take out money. And with significant improvements to global ATM management software in recent years, it's now easier than ever to withdraw money from an ATM wherever you might be in the world.
Friday, April 20, 2012
Battling Myths of Payday Loans, Credit Scores, and Debt Solutions
A low cost payday loan is a cost effective way to get your hands on fast money. The low cost of payday loans flies out the window when you extend the loan past the original pay date. The loan may still be helpful, especially if it kept your payments going out on time. Having a plan for your money and following through is one of the best ways to come out of an online payday loan clean and unscathed.
There are some people who think that their credit is pretty high until they pull their report. There is a high percentage of errors which are found on credit reports. If your score is lower than expected, comb through the information looking for mistakes. Human error is easily corrected and when it means a higher score and lower interest payments on your credit, it definitely is a job worth accomplishing.
Some people are leery to check their score thinking it will hurt the overall numbers. Checking it yourself is generally a non-affecting action. it takes hard inquiries from potential creditors to lower your score. You will need to check all three credit reports. Each company works their own reporting meaning you may have errors in any of the three so checking one will only solve one problem not three.
The credit bureaus want you to check your credit. They created annualcreditreport.com so anyone can have access to a free credit report every three months in order to keep tabs on what is being reported. There are many other websites which have tried to emulate this free version by offering a free report from only one of the three bureaus. Others will make you sign up for a low cost look but will keep charging each month unless you remember to cancel the service.
Debt in collections gets sold between collectors. An old debt, which morally would make sense to pay, could possibly be past your states statute of limitations. Making one payment could restart the clock for the debt giving the lender another opportunity to take you to court. If the debt is older than 7 years, it should not even be on your credit report at all and you should forget about trying to pay it. Focus on maintaining your present finances.
Opt for a credit counselor who can help refocus your budget to make your income work for you rather than debt settlement or the last resort bankruptcy option. Choosing an option which will make your credit score suffer more may not be in the best interest of your future finances. Whatever damaging reports the creditors will report is to remain for seven years. Debt settlement programs make take a few years to collect enough money to negotiate the settlement. Once the settlement is made and the creditor is paid, the report will reflect "settled payment" which is still a negative. Your bad credit could continue for another 9 years or more by using a debt settlement company. As bad as bankruptcy is, it could potentially be over faster than debt settlement. Having a second chance at your credit is a great thing. The key here is to learn from your mistakes so your fresh start is built on solid financial ground.
Maintaining high balances or closing credit cards will also lower your score. A credit report wants to see you manage your debt. Do your best to maintain less than 30% of the available balance and rotate the cards to keep them active. You have to prove to potential creditors that you have the money skills to be a good business decision.
Opting for a payday loan to help with debt is not a good decision. These loans expect a payoff which includes the fees in just a few weeks. Usually people who are already carrying a large pile of debt will struggle to pay off the direct payday loan on time. Use online payday loans sparingly and have a payoff plan before signing for the loan. Too many of these loans out eat away at your income. Keep them a low cost option by using them sparingly. The high interest attached to these loans can do too much damage to a struggling budget when not paid off on time.
There are some people who think that their credit is pretty high until they pull their report. There is a high percentage of errors which are found on credit reports. If your score is lower than expected, comb through the information looking for mistakes. Human error is easily corrected and when it means a higher score and lower interest payments on your credit, it definitely is a job worth accomplishing.
Some people are leery to check their score thinking it will hurt the overall numbers. Checking it yourself is generally a non-affecting action. it takes hard inquiries from potential creditors to lower your score. You will need to check all three credit reports. Each company works their own reporting meaning you may have errors in any of the three so checking one will only solve one problem not three.
The credit bureaus want you to check your credit. They created annualcreditreport.com so anyone can have access to a free credit report every three months in order to keep tabs on what is being reported. There are many other websites which have tried to emulate this free version by offering a free report from only one of the three bureaus. Others will make you sign up for a low cost look but will keep charging each month unless you remember to cancel the service.
Debt in collections gets sold between collectors. An old debt, which morally would make sense to pay, could possibly be past your states statute of limitations. Making one payment could restart the clock for the debt giving the lender another opportunity to take you to court. If the debt is older than 7 years, it should not even be on your credit report at all and you should forget about trying to pay it. Focus on maintaining your present finances.
Opt for a credit counselor who can help refocus your budget to make your income work for you rather than debt settlement or the last resort bankruptcy option. Choosing an option which will make your credit score suffer more may not be in the best interest of your future finances. Whatever damaging reports the creditors will report is to remain for seven years. Debt settlement programs make take a few years to collect enough money to negotiate the settlement. Once the settlement is made and the creditor is paid, the report will reflect "settled payment" which is still a negative. Your bad credit could continue for another 9 years or more by using a debt settlement company. As bad as bankruptcy is, it could potentially be over faster than debt settlement. Having a second chance at your credit is a great thing. The key here is to learn from your mistakes so your fresh start is built on solid financial ground.
Maintaining high balances or closing credit cards will also lower your score. A credit report wants to see you manage your debt. Do your best to maintain less than 30% of the available balance and rotate the cards to keep them active. You have to prove to potential creditors that you have the money skills to be a good business decision.
Opting for a payday loan to help with debt is not a good decision. These loans expect a payoff which includes the fees in just a few weeks. Usually people who are already carrying a large pile of debt will struggle to pay off the direct payday loan on time. Use online payday loans sparingly and have a payoff plan before signing for the loan. Too many of these loans out eat away at your income. Keep them a low cost option by using them sparingly. The high interest attached to these loans can do too much damage to a struggling budget when not paid off on time.
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