Obtaining A Loan With Bad Credit
by Takara Alexis
There is a wide range of things that can damage your credit; among them are making late payments, a towering debt, or a declaration of bankruptcy. Sometimes you do whatever you can to keep a high credit score but there are situations in life; braces are needed for kids or there is an something wrong with your car which causes a strain on your credit. Your odds of obtaining a loan minimize with a poor credit score, and if you can get one you won't get a good rate of interest.
The first part of your process should be deciding what kind of loan product you require because many are easier to get than others. For example, if you were interested in purchasing a house and needed a mortgage, it would be more beneficial compared to a personal loan. There are many mortgage lenders that will help you, even with bad credit. School loans are easier to get approved for because the bank assumes you will be better able to pay back the loan after having obtained your degree.
When you have a long-term loan like this, paying it down isn't hard because you have low payments. If you require a loan for a car but the bank has denied you, the world isn't going falling apart; various auto places have financing available when they sell a new automobile so look into this.
If you just can't make do with these suggested loans, there are other options for those who don't mind getting creative. The main banks are usually the first choice for loans, but do not go with this, since there are many smaller banks which may consider you for a loan, and private lenders might even be a good option. Private lenders usually have higher interest rates, but you should get your money faster.
Consider asking someone to co-sign for you. Generally a co-signer is a close personal associate, a family member, or friend, with excellent credit. With someone else as a co-signer, your odds of getting the loan at a really good rate go up dramatically.
Try giving the bank some type of collateral, this will usually get them to lend you the cash you want; banks are more likely to give you the money if you have something that you can sacrifice if you don't pay the money back. That shows them that you're very apt to repay any cash they lend you because you can be financially responsible. Bad credit can make it a challenge to qualify for a loan nevertheless this is achievable using creativity.
Wednesday, June 29, 2011
Alternative Minimum Tax
Alternative Minimum Tax
by Takara Alexis
Over the ensuing years, the popular and practical definitions of wealthy adjusted for inflation, but the IRS code didn't. And although Congress has approved inflation-adjusted patches for many years, the current exemptions stand at just $58,000 for married couples filing jointly and $40,250 for single filers. The 2007 patch raised the levels effective to $66,250 for married couples and $44,350 for singles, and permits nonrefundable personal credits to be used to offset income when calculating AMT.
Now, instead of a tax net for the wealthy, the AMT has become the "stealth tax," torpedoing upper-middle class taxpayers who don't see it coming until they hit line 44 of their 1040. According to the Urban-Brookings Tax Policy Center, just 20,000 taxpayers fell under the AMT in 1970. By 2006, that had risen to 4 million. The
The problem with the AMT falls not in its tax rate - 28 percent compared to the 35 percent top bracket of the regular tax system - but in the deductions it disallows. You could still take mortgage interest and charitable donations, but the AMT excludes state and local income taxes and property taxes, unreimbursed business expenses, child tax credits, tax preparation fees, legal fees and home-equity loan interest.
Exercising incentive stock options could be the largest, most unexpected whammy. Under the AMT, the difference between the exercise price and the market price counts as income. Prior to exercising incentive stock options, talk to a financial professional. The number of options you exercise and the timing can significantly impact the amount of taxes you will owe on the gain.
Private activity bonds, municipal bonds for public projects like airports and stadiums, lose their tax-free status in AMT land. The offering circular for these bonds usually carries a disclaimer saying they may be subject to the AMT. Consult your financial professional before investing in or selling private activity bonds.
The typical tax strategy of delaying income and maximizing deductions may push you into the AMT zone. A financial or tax professional can assist you with balance ordinary income against deductions, including state taxes and when you pay them, to at least reduce if not eliminate the AMT hit. Such planning should look beyond the present tax year to ensure that minimizing AMT exposure in the current year doesn't maximize it the next.
Although the income patches Congress has made to the AMT levels have kept some taxpayers out of the AMT's clutches, a permanent repeal seems unlikely. The Treasury has estimated the resultant loss to the tax coffers would be $500 billion over 10 years. For now, the best strategy will be constant vigilance and competent tax and financial counsel to ensure the AMT doesn't take the wind out of your financial sails.
Rapid Recovery Solution is an attorney based collections agency that collects both nationally and internationally. The professionals at RRS collect consumer and commercial debts with NO upfront fees!
by Takara Alexis
Over the ensuing years, the popular and practical definitions of wealthy adjusted for inflation, but the IRS code didn't. And although Congress has approved inflation-adjusted patches for many years, the current exemptions stand at just $58,000 for married couples filing jointly and $40,250 for single filers. The 2007 patch raised the levels effective to $66,250 for married couples and $44,350 for singles, and permits nonrefundable personal credits to be used to offset income when calculating AMT.
Now, instead of a tax net for the wealthy, the AMT has become the "stealth tax," torpedoing upper-middle class taxpayers who don't see it coming until they hit line 44 of their 1040. According to the Urban-Brookings Tax Policy Center, just 20,000 taxpayers fell under the AMT in 1970. By 2006, that had risen to 4 million. The
The problem with the AMT falls not in its tax rate - 28 percent compared to the 35 percent top bracket of the regular tax system - but in the deductions it disallows. You could still take mortgage interest and charitable donations, but the AMT excludes state and local income taxes and property taxes, unreimbursed business expenses, child tax credits, tax preparation fees, legal fees and home-equity loan interest.
Exercising incentive stock options could be the largest, most unexpected whammy. Under the AMT, the difference between the exercise price and the market price counts as income. Prior to exercising incentive stock options, talk to a financial professional. The number of options you exercise and the timing can significantly impact the amount of taxes you will owe on the gain.
Private activity bonds, municipal bonds for public projects like airports and stadiums, lose their tax-free status in AMT land. The offering circular for these bonds usually carries a disclaimer saying they may be subject to the AMT. Consult your financial professional before investing in or selling private activity bonds.
The typical tax strategy of delaying income and maximizing deductions may push you into the AMT zone. A financial or tax professional can assist you with balance ordinary income against deductions, including state taxes and when you pay them, to at least reduce if not eliminate the AMT hit. Such planning should look beyond the present tax year to ensure that minimizing AMT exposure in the current year doesn't maximize it the next.
Although the income patches Congress has made to the AMT levels have kept some taxpayers out of the AMT's clutches, a permanent repeal seems unlikely. The Treasury has estimated the resultant loss to the tax coffers would be $500 billion over 10 years. For now, the best strategy will be constant vigilance and competent tax and financial counsel to ensure the AMT doesn't take the wind out of your financial sails.
Rapid Recovery Solution is an attorney based collections agency that collects both nationally and internationally. The professionals at RRS collect consumer and commercial debts with NO upfront fees!
Financial Statement Reports
Financial Statement Reports
by Takara Alexis
Every business enterprise at its inception takes the form of either a sole proprietorship, partnership or corporation. But regardless of its form, a detailed report of its transactions and undertakings for a particular time period is needed and checked by auditors in order to assess the business' financial performance. This detailed report is called a financial audit report. It is prepared in order to address the differing interests of all stakeholders in the company, including the stockholders, potential investors, employees, suppliers, regulatory and tax authorities. This set of documents wants to provide a full picture of the company's profitability and present a means to evaluate whether the company is still a flourishing investment in the long-term.
A report is created at the end of each year, which can be the calendar year or a different financial year, depending on the management decision. Usually the financial year is set to end during the month in which the number of business transactions is at the lowest.
Although only US public companies in the United States are required to file their annual reports to regulatory institutions, private companies are encouraged to do the same. The authoritative institution in the United States is the Securities and Exchange Commission, while its counterpart in the United Kingdom is the Registrar of Companies responsible for supervising limited and public limited companies.
Financial reports of public enterprises are expected to be reviewed by independent auditors, individuals who are required to test the reasonableness and efficiency of the information written in the reports. Companies employ the service of private external auditing firms in meeting this requirement. Among the documents prepared and examined are the following: a Statement of Financial Position, a Statement of Profit and Loss, a Statement of Cash Flow, a Statement of Changes in Equity, Notes to the Financial Statements and Management Discussion and Report.
Apart from reviewing and performing analysis of the assertions in the financial statements and management reports presented, the external auditors are also involved in ensuring the adequacy and sincerity of the company's inside control systems.
In addition, they are also counted to discuss with the appropriate personnel the strategies of the business with dealing and managing risks involved in its day-to-day operations. However, in performing these tasks, they are required to maintain their independence so as not to corrupt the choices that they will give at the end of each audit engagement.
John Monderine and the professionals at Rapid Recovery Solution work with you to collect any consumer or commercial debts. RRS is an attorney based collection agency working both nationally and internationally to collect debt with NO upfront fees! Ask them about your FREE quote today.
by Takara Alexis
Every business enterprise at its inception takes the form of either a sole proprietorship, partnership or corporation. But regardless of its form, a detailed report of its transactions and undertakings for a particular time period is needed and checked by auditors in order to assess the business' financial performance. This detailed report is called a financial audit report. It is prepared in order to address the differing interests of all stakeholders in the company, including the stockholders, potential investors, employees, suppliers, regulatory and tax authorities. This set of documents wants to provide a full picture of the company's profitability and present a means to evaluate whether the company is still a flourishing investment in the long-term.
A report is created at the end of each year, which can be the calendar year or a different financial year, depending on the management decision. Usually the financial year is set to end during the month in which the number of business transactions is at the lowest.
Although only US public companies in the United States are required to file their annual reports to regulatory institutions, private companies are encouraged to do the same. The authoritative institution in the United States is the Securities and Exchange Commission, while its counterpart in the United Kingdom is the Registrar of Companies responsible for supervising limited and public limited companies.
Financial reports of public enterprises are expected to be reviewed by independent auditors, individuals who are required to test the reasonableness and efficiency of the information written in the reports. Companies employ the service of private external auditing firms in meeting this requirement. Among the documents prepared and examined are the following: a Statement of Financial Position, a Statement of Profit and Loss, a Statement of Cash Flow, a Statement of Changes in Equity, Notes to the Financial Statements and Management Discussion and Report.
Apart from reviewing and performing analysis of the assertions in the financial statements and management reports presented, the external auditors are also involved in ensuring the adequacy and sincerity of the company's inside control systems.
In addition, they are also counted to discuss with the appropriate personnel the strategies of the business with dealing and managing risks involved in its day-to-day operations. However, in performing these tasks, they are required to maintain their independence so as not to corrupt the choices that they will give at the end of each audit engagement.
John Monderine and the professionals at Rapid Recovery Solution work with you to collect any consumer or commercial debts. RRS is an attorney based collection agency working both nationally and internationally to collect debt with NO upfront fees! Ask them about your FREE quote today.
Friday, June 24, 2011
The Millennial Generation
The Millennial Generation
by Takara Alexis
The millennial generation is composed of people under the age of 25. They are currently experiencing an unthinkable level of high unemployment. In May of 2010, unemployment for 21-25 year olds was 15.8%. Today, unemployment for those who are college graduates is three times higher than the typical average.
To worsen their situation, 26.9% of the millennials are uninsured. The second most likely age group to be uninsured is made up of 26-34 year olds. Of this age group, 25.9% are uninsured. Together these two age groups display the largest percentage of uninsured in the U.S. The millennials are going through a dramatic rise in student loan debt. For the first time in recent history, outstanding consumer loan debt hit $829 billion, exceeding credit card debt ($826 billion). Student loan debt is also growing faster than credit card debt within the past 90 days.
The millennials debt amount is rising in general as compared to prior generations. Families with heads of households under the age of 35 have the highest leveraged ratio of debt compared to all age groups.
Americans in their early 20s have a particularly short attention span, and this certainly applies to millennials. Their preferred methods of communication include text messaging, social media, and mobile phones. They disregard email communications unless the emails are pushed to their smart phones and even when they are pushed to their smart phones, the millennials will usually not answer emails. They want immediate access to information and immediate responses to their communications.
The millennnials are community-influenced. This means they search for information from their peers before making many choices. And they seek their information almost exclusively online. They are not likely to first seek information from a single source or a traditional authority figure such as a parent, a doctor, or a family friend. Instead they will seek information from social media sources that represent the collective wisdom of many.
This demographic is also highly transient and hard to find. They're more likely to be located by way of their phone than at a permanent residence. Not surprisingly, the millennials are perfectly comfortable being tracked and targeted. But as a consequence, they are extremely protective of their mobile phone number and will go to extraordinary lengths to maintain their mobile phone number over time despite expense or inconvenience.
The constraints presented by the Telephone Consumer Protection Act (TCPA) regarding the use of auto dialers are archaic. The millennials are very much capable of informing the debt collector whether it is convenient for them to receive calls or text messages on their wireless phones as already allowed by the Fair Debt Collection Practices Act (FDCPA). In short, the consumer should control the decision as to who and how they may be contacted on their wireless phone/computer instead of the government and the law needs to catch up with technology.
Looking for a reliable commercial collection agency? Rapid Recovery Solution is number one rated and collects on both commercial and consumer debts, with no upfront fees! RRS is attorney based and very efficient when it comes to collecting debt. Contact them today and get your FREE quote!
by Takara Alexis
The millennial generation is composed of people under the age of 25. They are currently experiencing an unthinkable level of high unemployment. In May of 2010, unemployment for 21-25 year olds was 15.8%. Today, unemployment for those who are college graduates is three times higher than the typical average.
To worsen their situation, 26.9% of the millennials are uninsured. The second most likely age group to be uninsured is made up of 26-34 year olds. Of this age group, 25.9% are uninsured. Together these two age groups display the largest percentage of uninsured in the U.S. The millennials are going through a dramatic rise in student loan debt. For the first time in recent history, outstanding consumer loan debt hit $829 billion, exceeding credit card debt ($826 billion). Student loan debt is also growing faster than credit card debt within the past 90 days.
The millennials debt amount is rising in general as compared to prior generations. Families with heads of households under the age of 35 have the highest leveraged ratio of debt compared to all age groups.
Americans in their early 20s have a particularly short attention span, and this certainly applies to millennials. Their preferred methods of communication include text messaging, social media, and mobile phones. They disregard email communications unless the emails are pushed to their smart phones and even when they are pushed to their smart phones, the millennials will usually not answer emails. They want immediate access to information and immediate responses to their communications.
The millennnials are community-influenced. This means they search for information from their peers before making many choices. And they seek their information almost exclusively online. They are not likely to first seek information from a single source or a traditional authority figure such as a parent, a doctor, or a family friend. Instead they will seek information from social media sources that represent the collective wisdom of many.
This demographic is also highly transient and hard to find. They're more likely to be located by way of their phone than at a permanent residence. Not surprisingly, the millennials are perfectly comfortable being tracked and targeted. But as a consequence, they are extremely protective of their mobile phone number and will go to extraordinary lengths to maintain their mobile phone number over time despite expense or inconvenience.
The constraints presented by the Telephone Consumer Protection Act (TCPA) regarding the use of auto dialers are archaic. The millennials are very much capable of informing the debt collector whether it is convenient for them to receive calls or text messages on their wireless phones as already allowed by the Fair Debt Collection Practices Act (FDCPA). In short, the consumer should control the decision as to who and how they may be contacted on their wireless phone/computer instead of the government and the law needs to catch up with technology.
Looking for a reliable commercial collection agency? Rapid Recovery Solution is number one rated and collects on both commercial and consumer debts, with no upfront fees! RRS is attorney based and very efficient when it comes to collecting debt. Contact them today and get your FREE quote!
Thursday, June 23, 2011
Real Estate Investment Trust
Real Estate Investment Trust
by Takara Alexis
Simply put, a REIT is a means for everyday investors to invest in property and real estate. It can be commercial real estate, apartments, condominiums, homes and various types of property. REITs typically invest in properties that generate income and pass on the profit to investors in the form of dividends. In fact, REITs have to distribute at least 90% of any profit to qualify for preferential tax treatment.
Investors can buy, sell and trade shares of REITs just like they would a normal stock. However, because a REIT deals with real estate and not widgets, they differ in how they finance expansion and measure profitability. Normal investor screening criteria like P/E ratios might not apply to a REIT the same as to another equity investment. On the other hand, like a stock, investors in REITS look for trustworthy and competent management and reasonable compensation of those managers.
REITs come in three major forms. The most common and widely purchased are shares of equity REITs, which invest in commercially managed property that produce income. This is typically the type of REIT that is referred to when discussing them as an investment tool.
Less common versions of REITS include mortgage REITs, which make loans to owners of real estate or invest in current outstanding mortgages. The final version is a hybrid of the equity REIT and the mortgage REIT and also accounts for a small percentage of REITs. These hybrids combine the mortgage investment of one with the property management of the other.
Most REITs have many properties ranging in size, activity and function. Like portfolio diversification, a REIT's diversification might provide some protection from the ups and downs of individual properties such as occupancy rates, defaults on rents, and downturns in industry sectors or local markets. Specialized REITs hold only specific types of property, such as apartments, commercial office space or retail.
Like other investments, REITs carry the risk of loss of investment. Because they can be a perplex investment product, talk with your financial professional before investing to better understand whether REITS are right for your portfolio.
Need information on accounts receivables collections? Need assistance collecting outstanding debts? Rapid Recovery Solution has the answers! Contact RRS today for help regarding any type of debt!
by Takara Alexis
Simply put, a REIT is a means for everyday investors to invest in property and real estate. It can be commercial real estate, apartments, condominiums, homes and various types of property. REITs typically invest in properties that generate income and pass on the profit to investors in the form of dividends. In fact, REITs have to distribute at least 90% of any profit to qualify for preferential tax treatment.
Investors can buy, sell and trade shares of REITs just like they would a normal stock. However, because a REIT deals with real estate and not widgets, they differ in how they finance expansion and measure profitability. Normal investor screening criteria like P/E ratios might not apply to a REIT the same as to another equity investment. On the other hand, like a stock, investors in REITS look for trustworthy and competent management and reasonable compensation of those managers.
REITs come in three major forms. The most common and widely purchased are shares of equity REITs, which invest in commercially managed property that produce income. This is typically the type of REIT that is referred to when discussing them as an investment tool.
Less common versions of REITS include mortgage REITs, which make loans to owners of real estate or invest in current outstanding mortgages. The final version is a hybrid of the equity REIT and the mortgage REIT and also accounts for a small percentage of REITs. These hybrids combine the mortgage investment of one with the property management of the other.
Most REITs have many properties ranging in size, activity and function. Like portfolio diversification, a REIT's diversification might provide some protection from the ups and downs of individual properties such as occupancy rates, defaults on rents, and downturns in industry sectors or local markets. Specialized REITs hold only specific types of property, such as apartments, commercial office space or retail.
Like other investments, REITs carry the risk of loss of investment. Because they can be a perplex investment product, talk with your financial professional before investing to better understand whether REITS are right for your portfolio.
Need information on accounts receivables collections? Need assistance collecting outstanding debts? Rapid Recovery Solution has the answers! Contact RRS today for help regarding any type of debt!
Monday, June 13, 2011
Research And Development Tax Credit
Research And Development Tax Credit
by Takara Alexis
Over the past 25 years, the Research and Development Tax Credit has been an elusive target for many businesses. Since its creation in 1981, the credit has died and been resurrected at least 11 times by Congress but never made permanent. Deciding adequate expenditures and the baseline for calculation would make the best business owner cringe. But armed with professional tax help, fighting the red tape can be a helpful endeavor for many businesses.
Private industry expenditures for research and development have increased to about two-thirds of national R&D spending, as the government's portion has declined, from 1.92% of GDP in 1964 to 0.80% of GDP in 2004, according to the Manufacturing Council. American manufacturers, who account for 14% of U.S. gross domestic product, claim about 60% of the credits.
While research and development is mainly considered the domain of large companies, smaller businesses have more to gain, as the value of the R&D credit as a percentage of their assets can be as high as 9.4 percent. Of the 16,000 businesses using the R&D credit, more than 4,500 companies have assets of less than $1 million.
The IRS defines R&D expenditures as those "incident to the development or improvement of a product," including the prices and attorney's costs associated with obtaining a patent. The IRS definition of "product" includes formulas, inventions, patent, pilot models, processes and methods. Excluded payments involve quality control testing, advertising and promotion, consumer surveys, efficiency surveys, management studies, research for literary, historical or similar projects, and the acquisition of another's patent, model, production or process.
The next hurdle is figuring out exactly how much tax credit the business has coming. Businesses must first determine their base amount of R&D expense, a calculation probably best completed by a tax professional. The business can claim 20 percent of R&D expenses over that base amount, which will vary from business to business. The work has to be done in the U.S. for U.S. research and development.
In 1996, Congress passed the Alternative Incremental Research Credit (AIRC), intended to help companies with significant R&D expenditures who did not qualify for the credit due to economic circumstances during the base period. The amount of the AIRC is usually less than the regular R&D credit.
Need help hiring a collection agency? Look no further! Rapid Recovery Solution is an attorney based national and international debt collection agency. To get on the right track with debt recovery, contact RRS today. We don't get paid unless you collect!
by Takara Alexis
Over the past 25 years, the Research and Development Tax Credit has been an elusive target for many businesses. Since its creation in 1981, the credit has died and been resurrected at least 11 times by Congress but never made permanent. Deciding adequate expenditures and the baseline for calculation would make the best business owner cringe. But armed with professional tax help, fighting the red tape can be a helpful endeavor for many businesses.
Private industry expenditures for research and development have increased to about two-thirds of national R&D spending, as the government's portion has declined, from 1.92% of GDP in 1964 to 0.80% of GDP in 2004, according to the Manufacturing Council. American manufacturers, who account for 14% of U.S. gross domestic product, claim about 60% of the credits.
While research and development is mainly considered the domain of large companies, smaller businesses have more to gain, as the value of the R&D credit as a percentage of their assets can be as high as 9.4 percent. Of the 16,000 businesses using the R&D credit, more than 4,500 companies have assets of less than $1 million.
The IRS defines R&D expenditures as those "incident to the development or improvement of a product," including the prices and attorney's costs associated with obtaining a patent. The IRS definition of "product" includes formulas, inventions, patent, pilot models, processes and methods. Excluded payments involve quality control testing, advertising and promotion, consumer surveys, efficiency surveys, management studies, research for literary, historical or similar projects, and the acquisition of another's patent, model, production or process.
The next hurdle is figuring out exactly how much tax credit the business has coming. Businesses must first determine their base amount of R&D expense, a calculation probably best completed by a tax professional. The business can claim 20 percent of R&D expenses over that base amount, which will vary from business to business. The work has to be done in the U.S. for U.S. research and development.
In 1996, Congress passed the Alternative Incremental Research Credit (AIRC), intended to help companies with significant R&D expenditures who did not qualify for the credit due to economic circumstances during the base period. The amount of the AIRC is usually less than the regular R&D credit.
Need help hiring a collection agency? Look no further! Rapid Recovery Solution is an attorney based national and international debt collection agency. To get on the right track with debt recovery, contact RRS today. We don't get paid unless you collect!
Tuesday, June 7, 2011
Kids Identities: Stolen
Kids Identities: Stolen
by Takara Alexis
Hundreds of online businesses are finding inactive Social Security numbers online - most of which are assigned to children younger than 18 who have not started using them yet - and selling them under different names to assist people in establishing fake credit.
The scheme may lead to significant debts for children that might be near impossible to pay off. The Better Business Bureau is advising parents to be on the lookout for the signs that point to their children's identities being compromised or stolen.
For adults, last year alone, 8.1 million Americans became victims of ID theft, resulting in the loss of $37 billion, according to a 2011 report from Javelin Strategy & Research. While this number is high, NBC TODAY reports that it remains difficult to define how many children are actually affected by identity theft because most cases go undiscovered for years. However, an identity theft monitoring company, Debix, found an alarming 4,000 cases of corrupted identities out of only 40,000 children.
Be knowledgeable of how to obtain your child's credit report. Getting access to your child's records is actually a different process than obtaining your own. Your child's report cannot be acquired using the congressionally mandated free credit report website when children are younger than 13 and even sometimes for children 14 to 18.
Recognize the signs of trouble. Watch out for red flags that display there might be a problem, such as your daughter or son receiving preapproved credit card offers or calls from collection agencies.
Understand what to do if you believe that your child has become victim. According to the Federal Trade Commission, every parent should check his or her child's credit report on the 16th birthday. It's not good to check it too often, but checking then leaves sufficient time to fix errors and activity before the child goes off to college and tries to obtain financial aid. If suspicious activity appears, parents should contact all three credit bureaus and request reports immediately. From there, depending on the state's credit freeze rule, placing a credit freeze should be considered.
Rapid Recovery Solution is a debt recovery attorney based agency. We don't get paid unless you collect your money! Contact RRS today for any questions you may have. NO debt amount is too big or too small! Also, be sure to request your FREE QUOTE!!!
by Takara Alexis
Hundreds of online businesses are finding inactive Social Security numbers online - most of which are assigned to children younger than 18 who have not started using them yet - and selling them under different names to assist people in establishing fake credit.
The scheme may lead to significant debts for children that might be near impossible to pay off. The Better Business Bureau is advising parents to be on the lookout for the signs that point to their children's identities being compromised or stolen.
For adults, last year alone, 8.1 million Americans became victims of ID theft, resulting in the loss of $37 billion, according to a 2011 report from Javelin Strategy & Research. While this number is high, NBC TODAY reports that it remains difficult to define how many children are actually affected by identity theft because most cases go undiscovered for years. However, an identity theft monitoring company, Debix, found an alarming 4,000 cases of corrupted identities out of only 40,000 children.
Be knowledgeable of how to obtain your child's credit report. Getting access to your child's records is actually a different process than obtaining your own. Your child's report cannot be acquired using the congressionally mandated free credit report website when children are younger than 13 and even sometimes for children 14 to 18.
Recognize the signs of trouble. Watch out for red flags that display there might be a problem, such as your daughter or son receiving preapproved credit card offers or calls from collection agencies.
Understand what to do if you believe that your child has become victim. According to the Federal Trade Commission, every parent should check his or her child's credit report on the 16th birthday. It's not good to check it too often, but checking then leaves sufficient time to fix errors and activity before the child goes off to college and tries to obtain financial aid. If suspicious activity appears, parents should contact all three credit bureaus and request reports immediately. From there, depending on the state's credit freeze rule, placing a credit freeze should be considered.
Rapid Recovery Solution is a debt recovery attorney based agency. We don't get paid unless you collect your money! Contact RRS today for any questions you may have. NO debt amount is too big or too small! Also, be sure to request your FREE QUOTE!!!
Challenging Healthcare Costs
Challenging Healthcare Costs
by Takara Alexis
Healthcare prices for small businesses keep skyrocketing across the board. And while larger companies and small businesses continue to struggle to keep costs low, it is usually small businesses that get hit the hardest. Healthcare costs continue to rise, sometimes with double-digit increases every year.
But that does not mean there aren't alternatives available. Recently, more light has been shed on additional options to assist small businesses save money and still offer healthcare.
Numerous options exist to help small companies lower costs. One of the most popular is encouraging employees to get individual health insurance. Instead of you, the employer, subsidizing a large percentage of it, the cost of healthcare is shifted to the employee. And on average, individual premiums are less expensive than those of group plans.
And employers can help the employee out by giving a reimbursement to cover some of the costs, or by helping the employee handle their Section 125 deduction. Either way, the small business owner can reduce costs a great deal using this approach and oftentimes it can be a less expensive route than the one currently used.
Another increasingly used option is to offer Section 105 plans to employees. Section 105 plans allow the employer to buy a higher-deductible, (but lower cost), insurance coverage for their employees. The high-deductible is offset through an employer-controlled, tax-advantage fund that pays claims to the employees for medical costs below the deductible. The result is savings for the employer and the employee.
But not all companies will benefit from a Section 105. As with all plans, it's crucial to consult with a financial professional to chose which type of healthcare savings could be achieved in your small business.
Section 105's and encouraging the purchase of individual insurance are two ways to potentially save your small business money, at a time when small businesses are getting hit the hardest by healthcare costs. Making the tough decisions in all aspects of your business, and studying all your healthcare choices to reduce costs as much as possible might just be one of the things that keeps you in the surviving 20% of small businesses.
Need help finding a commercial collection agency? Look no further! Rapid Recovery Solution is a national and international debt collection agency specializing in all types of consumer, commercial and business debt collection. Contact RRS today and have all your questions answered! Don't forget to request your FREE QUOTE!
by Takara Alexis
Healthcare prices for small businesses keep skyrocketing across the board. And while larger companies and small businesses continue to struggle to keep costs low, it is usually small businesses that get hit the hardest. Healthcare costs continue to rise, sometimes with double-digit increases every year.
But that does not mean there aren't alternatives available. Recently, more light has been shed on additional options to assist small businesses save money and still offer healthcare.
Numerous options exist to help small companies lower costs. One of the most popular is encouraging employees to get individual health insurance. Instead of you, the employer, subsidizing a large percentage of it, the cost of healthcare is shifted to the employee. And on average, individual premiums are less expensive than those of group plans.
And employers can help the employee out by giving a reimbursement to cover some of the costs, or by helping the employee handle their Section 125 deduction. Either way, the small business owner can reduce costs a great deal using this approach and oftentimes it can be a less expensive route than the one currently used.
Another increasingly used option is to offer Section 105 plans to employees. Section 105 plans allow the employer to buy a higher-deductible, (but lower cost), insurance coverage for their employees. The high-deductible is offset through an employer-controlled, tax-advantage fund that pays claims to the employees for medical costs below the deductible. The result is savings for the employer and the employee.
But not all companies will benefit from a Section 105. As with all plans, it's crucial to consult with a financial professional to chose which type of healthcare savings could be achieved in your small business.
Section 105's and encouraging the purchase of individual insurance are two ways to potentially save your small business money, at a time when small businesses are getting hit the hardest by healthcare costs. Making the tough decisions in all aspects of your business, and studying all your healthcare choices to reduce costs as much as possible might just be one of the things that keeps you in the surviving 20% of small businesses.
Need help finding a commercial collection agency? Look no further! Rapid Recovery Solution is a national and international debt collection agency specializing in all types of consumer, commercial and business debt collection. Contact RRS today and have all your questions answered! Don't forget to request your FREE QUOTE!
Friday, June 3, 2011
Are Digital Habits Making People Dumber?
Are Digital Habits Making People Dumber?
by Takara Alexis
A century ago, when the telephone first started to become widely used, the major question was that people would get overwhelmed with information and wouldn't be able to handle it. When radio-the first electronic medium-started to spread rapidly across the world, some thought it would destroy the family way of life as then lived, bringing the world into the home and, with it, the outside influences and different ways of seeing the world.
When television starting booming in the United States between 1947 and 1955, there were plenty of social ruminations about how it would kill reading and that literacy rates would diminish as everyone lost the desire to read. Around this same time, there were two new art forms that were going to the lead the way to the destruction of the moral fabric: comic books and rock 'n' roll. While these were not new technologies, they were social phenomenon based on technologies.
Recently, there's been a lot of discussion that asks whether our on going addiction to all things digital is making us dumber. Commentators-including President Barack Obama-have addressed how adults are increasingly suffering from digital distraction and are losing the skill to focus for long periods of time.
The Internet, the connectivity all our digital devices provide us and the increasing new ways to combine these forces is one of the most trans formative events in the history of human communication. It has, is and will profoundly change our lives, individually and collectively. It is here to stay and will only increase in speed, magnitude and effect going forward. It's a force that can positively change us in the coming decade.
Every time there is a new, transforming technology, it always causes concern. When Gutenberg invented the movable type press in 1455, the following decades were full of distress. What would reading do to the acquisition of knowledge? At that time, the common belief was that one could not learn unless one wrote things down and that reading would never become a way to learn. This position was propagated by the entrenched interests at the time-the scribes who wrote all the manuscripts.
One of the reviews of our addiction to digital devices is that we are always checking them for email, texts and notifications, feeling we have to constantly be in connection with others. That's certainly true, but it is not something surprising. Whenever some new technology comes along that expands our ability to see beyond our physical reality, it immediately fascinates us.
One of the main criticisms of our use of the Internet is that we are becoming superficial, jumping around from website to website. Our incessant use of search engines is viewed as being fake. Everything I want to know about anything in the world is right there on the computer screen or the tablet screen or the smart phone or the app phone. To have the power to search for just about anything and find it instantaneously makes the acquisition of knowledge and information immediate and available to anyone with an Internet connection. Few scholars in recorded history have ever had that chance. Now, it is a reality for us all. No wonder we are fascinated with the wonderful access of it all!
by Takara Alexis
A century ago, when the telephone first started to become widely used, the major question was that people would get overwhelmed with information and wouldn't be able to handle it. When radio-the first electronic medium-started to spread rapidly across the world, some thought it would destroy the family way of life as then lived, bringing the world into the home and, with it, the outside influences and different ways of seeing the world.
When television starting booming in the United States between 1947 and 1955, there were plenty of social ruminations about how it would kill reading and that literacy rates would diminish as everyone lost the desire to read. Around this same time, there were two new art forms that were going to the lead the way to the destruction of the moral fabric: comic books and rock 'n' roll. While these were not new technologies, they were social phenomenon based on technologies.
Recently, there's been a lot of discussion that asks whether our on going addiction to all things digital is making us dumber. Commentators-including President Barack Obama-have addressed how adults are increasingly suffering from digital distraction and are losing the skill to focus for long periods of time.
The Internet, the connectivity all our digital devices provide us and the increasing new ways to combine these forces is one of the most trans formative events in the history of human communication. It has, is and will profoundly change our lives, individually and collectively. It is here to stay and will only increase in speed, magnitude and effect going forward. It's a force that can positively change us in the coming decade.
Every time there is a new, transforming technology, it always causes concern. When Gutenberg invented the movable type press in 1455, the following decades were full of distress. What would reading do to the acquisition of knowledge? At that time, the common belief was that one could not learn unless one wrote things down and that reading would never become a way to learn. This position was propagated by the entrenched interests at the time-the scribes who wrote all the manuscripts.
One of the reviews of our addiction to digital devices is that we are always checking them for email, texts and notifications, feeling we have to constantly be in connection with others. That's certainly true, but it is not something surprising. Whenever some new technology comes along that expands our ability to see beyond our physical reality, it immediately fascinates us.
One of the main criticisms of our use of the Internet is that we are becoming superficial, jumping around from website to website. Our incessant use of search engines is viewed as being fake. Everything I want to know about anything in the world is right there on the computer screen or the tablet screen or the smart phone or the app phone. To have the power to search for just about anything and find it instantaneously makes the acquisition of knowledge and information immediate and available to anyone with an Internet connection. Few scholars in recorded history have ever had that chance. Now, it is a reality for us all. No wonder we are fascinated with the wonderful access of it all!
Thursday, June 2, 2011
Love And Money
Love And Money
by Takara Alexis
Researchers have seen a noticeable difference when it comes to people who live together and people who are married. When people are living together, they still function as two independent souls who happen to reside under one roof. But when they marry, they begin carrying the cultural weight that for generations has come along with being husbands or wives, and their behavior changes accordingly.
Interestingly, the more financial independence a woman has the less likely she is to get married. Working women are 50 percent more likely to move in with a partner and 15 percent less likely to marry than women who don't work steadily, according to research from Cornell University. By contrast, the more financially independent men are, the more likely they are to want to put a ring on someones finger.
Men who make an above-average salary are 26 percent more likely to get married than those who earn an average one. Experts who look at educational trends-the fact that more women than men are now applying to college and to many graduate schools-trust that by 2030 the average female will make more than the average male.
Some families conceal the fact that the woman makes more money by putting total financial control in the hands of the man or by earmarking the woman's income to pay the big bills so there's no money left for her to spend as she sees fit. Other times, the woman feels so guilty about out-earning her partner that she takes on more of the housework. Seldom will either spouse admit that the woman is the breadwinner to their families or friends. And if and when those sketchy fixes fail to work, more of these families split up than the average.
Paychecks and housework aside, a new study from the University of Virginia shows that the factor that contributes most to whether you are happy in your marriage is whether your husband or partner is involved emotionally. If he listens to you, is concerned about what is important to you, stops and focuses when it's clear that you're happy or not about something and want to share, you are likely to want to stick around for more. How do you get him to this point? Begin by doing the same for him. If he doesn't get it, then simply ask him to pay attention.
If you disagree about the goals, work it out. Even agreeing to disagree about specific things is part of the process. These are the important things, not the amount of your individual paychecks. The size of your paychecks is crucial only to whether there is enough there-combined-in order to make those things possible. And if there's not, then you both modify the goals, or modify your jobs, to make them possible. But you do it working together. You keep the lines of communication open.
Here's the solution: You have to believe, deep down, that what your partner is bringing to the relationship is just as valuable as what you are bringing to the relationship. Otherwise, you are certain to fail.
If you're looking to collect consumer or commercial debts, contact Rapid Recovery Solution where we dont get paid unless you get your money!
by Takara Alexis
Researchers have seen a noticeable difference when it comes to people who live together and people who are married. When people are living together, they still function as two independent souls who happen to reside under one roof. But when they marry, they begin carrying the cultural weight that for generations has come along with being husbands or wives, and their behavior changes accordingly.
Interestingly, the more financial independence a woman has the less likely she is to get married. Working women are 50 percent more likely to move in with a partner and 15 percent less likely to marry than women who don't work steadily, according to research from Cornell University. By contrast, the more financially independent men are, the more likely they are to want to put a ring on someones finger.
Men who make an above-average salary are 26 percent more likely to get married than those who earn an average one. Experts who look at educational trends-the fact that more women than men are now applying to college and to many graduate schools-trust that by 2030 the average female will make more than the average male.
Some families conceal the fact that the woman makes more money by putting total financial control in the hands of the man or by earmarking the woman's income to pay the big bills so there's no money left for her to spend as she sees fit. Other times, the woman feels so guilty about out-earning her partner that she takes on more of the housework. Seldom will either spouse admit that the woman is the breadwinner to their families or friends. And if and when those sketchy fixes fail to work, more of these families split up than the average.
Paychecks and housework aside, a new study from the University of Virginia shows that the factor that contributes most to whether you are happy in your marriage is whether your husband or partner is involved emotionally. If he listens to you, is concerned about what is important to you, stops and focuses when it's clear that you're happy or not about something and want to share, you are likely to want to stick around for more. How do you get him to this point? Begin by doing the same for him. If he doesn't get it, then simply ask him to pay attention.
If you disagree about the goals, work it out. Even agreeing to disagree about specific things is part of the process. These are the important things, not the amount of your individual paychecks. The size of your paychecks is crucial only to whether there is enough there-combined-in order to make those things possible. And if there's not, then you both modify the goals, or modify your jobs, to make them possible. But you do it working together. You keep the lines of communication open.
Here's the solution: You have to believe, deep down, that what your partner is bringing to the relationship is just as valuable as what you are bringing to the relationship. Otherwise, you are certain to fail.
If you're looking to collect consumer or commercial debts, contact Rapid Recovery Solution where we dont get paid unless you get your money!
Wednesday, June 1, 2011
Becoming Global
Becoming Global
by Takara Alexis
China is making aggressive actions to perhaps battle the U.S. in economic dominance on a global scale. According to U.S. News and World Report, in the year 2020, China's economy will pass Japan's to become the second largest in the world. Second, of course, only to the U.S. China's leading industries include petroleum and oil, as well as telecommunications. And the country is home to an estimated 2 million people who have a net worth of a least $40 million. That amount is only expected to expand, as well as opportunities for investment.
Diversification has long been a basic rule of thumb for investment. But never before has there been such a large range of chances for diversification outside of the U.S. and those opportunities only seem to increase on a daily basis. China's experiment with capitalism means more and more opportunity for U.S. investors who wish to tap into an ever-growing and possibly very productive worldwide market.
The world markets have not always done so well, and are often changeable, which is one more reason to keep a realistic balance within your portfolio between foreign and domestic holdings. But others recommend investing up to 20% or more of your portfolio in the worldwide markets to maximize diversification.
Diversification looks to reduce risk while maximizing returns by investing in dissimilar asset classes. It should be noted that this method does not prevent losses from occurring in a down market.
Much of the emerging markets success, experts believe, can be attributed to restructuring by countries all over the world. Many believe that Japan is expected to start moving from a manufacturing economy to a service economy soon. Experts believe that this transition will bring many potential chances for success, both in Japan and across the globe.
As the world moves forward, economies are steadily changing and always adapting. The ones that are doing it quickly and efficiently are seeing a great deal of success. Investing in global markets is not without risk. The unpredictability can be a bit much at times. But that's why diversification has become such a popular investment strategy.
Rapid Recovery Solution is a national and international debt collection agency recovering debts of all amounts. Contact RRS today for more information and dont forget to ask about your FREE quote!
by Takara Alexis
China is making aggressive actions to perhaps battle the U.S. in economic dominance on a global scale. According to U.S. News and World Report, in the year 2020, China's economy will pass Japan's to become the second largest in the world. Second, of course, only to the U.S. China's leading industries include petroleum and oil, as well as telecommunications. And the country is home to an estimated 2 million people who have a net worth of a least $40 million. That amount is only expected to expand, as well as opportunities for investment.
Diversification has long been a basic rule of thumb for investment. But never before has there been such a large range of chances for diversification outside of the U.S. and those opportunities only seem to increase on a daily basis. China's experiment with capitalism means more and more opportunity for U.S. investors who wish to tap into an ever-growing and possibly very productive worldwide market.
The world markets have not always done so well, and are often changeable, which is one more reason to keep a realistic balance within your portfolio between foreign and domestic holdings. But others recommend investing up to 20% or more of your portfolio in the worldwide markets to maximize diversification.
Diversification looks to reduce risk while maximizing returns by investing in dissimilar asset classes. It should be noted that this method does not prevent losses from occurring in a down market.
Much of the emerging markets success, experts believe, can be attributed to restructuring by countries all over the world. Many believe that Japan is expected to start moving from a manufacturing economy to a service economy soon. Experts believe that this transition will bring many potential chances for success, both in Japan and across the globe.
As the world moves forward, economies are steadily changing and always adapting. The ones that are doing it quickly and efficiently are seeing a great deal of success. Investing in global markets is not without risk. The unpredictability can be a bit much at times. But that's why diversification has become such a popular investment strategy.
Rapid Recovery Solution is a national and international debt collection agency recovering debts of all amounts. Contact RRS today for more information and dont forget to ask about your FREE quote!
Success Rate Valued Over Price When Choosing A Debt Collection Agency
Success Rate Valued Over Price When Choosing A Debt Collection Agency
by Takara Alexis
The latest "Global Collections Review" survey, lets us see a new trend amongst businesses when selecting a debt collections agency. Unlike in the past year, companies put more attention on the agencies' success rate, less the cost.
This craze can be seen amongst many major European countries and reveals a mindshift in European businesses seeking support from external agencies when collecting outstanding debt. The success rate of a debt collections agency easily allows comparison between collection agencies' performance. The success rate is defined as the value of collected payments of the total debt received and expressed as a percentage. The total excludes insolvencies and withdrawals.
Successful debt collections and establishing solvency is essential to business. The study has made clear that the choice of a collection agency is made based on its quality, meaning its performance and ability to succeed in collecting, and not price.
The ability of external debt collection agencies to deliver results is the key factor for businesses to employ a debt collections agency.
With the economy picking up and staff busy focusing on incoming business, collecting debt can again be seen as a task that is more frequently handed over to external agencies.
Leader in usage of external debt collections agencies is the Netherlands where 65% of the surveyed businesses have used this service and is much higher than in countries, such as Spain which remains at a low 20%.
Broken down by sectors, companies operating in the financial services sector seem to use a debt collections agency more often while in the other sectors, such as manufacturing, wholesale and retail trade and distribution, services, companies have a preference towards collecting internally.
Overall, European attitudes relating to the choices of debt collection agencies were incredibly similar, which indicates that the requirements, expectations and high standards demanded of agencies are constant factors irrespective of business size, type or location.
Rapid Recovery Solution is an attorney based collections agency specializing in debt recovery. Our collection agency attorney works non-stop along with our many experts at Rapid Recovery to quickly collect your money. Contact RRS for more information or request your FREE quote today!
by Takara Alexis
The latest "Global Collections Review" survey, lets us see a new trend amongst businesses when selecting a debt collections agency. Unlike in the past year, companies put more attention on the agencies' success rate, less the cost.
This craze can be seen amongst many major European countries and reveals a mindshift in European businesses seeking support from external agencies when collecting outstanding debt. The success rate of a debt collections agency easily allows comparison between collection agencies' performance. The success rate is defined as the value of collected payments of the total debt received and expressed as a percentage. The total excludes insolvencies and withdrawals.
Successful debt collections and establishing solvency is essential to business. The study has made clear that the choice of a collection agency is made based on its quality, meaning its performance and ability to succeed in collecting, and not price.
The ability of external debt collection agencies to deliver results is the key factor for businesses to employ a debt collections agency.
With the economy picking up and staff busy focusing on incoming business, collecting debt can again be seen as a task that is more frequently handed over to external agencies.
Leader in usage of external debt collections agencies is the Netherlands where 65% of the surveyed businesses have used this service and is much higher than in countries, such as Spain which remains at a low 20%.
Broken down by sectors, companies operating in the financial services sector seem to use a debt collections agency more often while in the other sectors, such as manufacturing, wholesale and retail trade and distribution, services, companies have a preference towards collecting internally.
Overall, European attitudes relating to the choices of debt collection agencies were incredibly similar, which indicates that the requirements, expectations and high standards demanded of agencies are constant factors irrespective of business size, type or location.
Rapid Recovery Solution is an attorney based collections agency specializing in debt recovery. Our collection agency attorney works non-stop along with our many experts at Rapid Recovery to quickly collect your money. Contact RRS for more information or request your FREE quote today!
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