Monday, July 30, 2012

How Elena Met Rami or The Chabad-Lubavitch Network: A Model of Causality

Elena Lourie and Rami Kafarov never would have met let alone married in Oslo this summer were Chabad-Lubavitch no more than a bunch of affiliated synagogues and rabbis doing what they do, without the Shluchim's trademark passion for a greater vision.

Bringing Elena and Rami togethertookthree Chabad rabbis, one business school with a Chabad-run Jewish studies program, and Chabad's European Jewish Student Center.

Their story amazes me, because it was five Chabad representatives each doing his job in his corner of the world that brought this couple together, said Rabbi Shaul Wilhelm of Chabad of Oslo.


Here's how a nice Jewish girl from Siberia came to meet a nice Russian-Israeli boy in Brussels.

Elena Lourie's parents were worried. Frantic that their brilliant daughter, a physics student, had little hope of meeting let alone marrying a Jewish man while studying in Norway. They confided their worries to Rabbi Zalman Deutch, their Chabad representative in their home in Perm, a frosty outpost on the Siberian steppes.

So Rabbi Deutch called his colleague who had just move to Oslo in June of 2004, Rabbi Shaul Wilhelm.

Oslo is not known for it's Jewish singles scene, said Rabbi Wilhelm. But he called to offer a Jewish home away from home to Lourie instead, just as he does to all Jewish students and Oslo's Jewish community at large.

Over the next two years, Lourie became part of the Wilhelms' family sharing holiday meals, playing with the children. Still her parents' initial request lurked in Rabbi Wilhelm's mind.

That was when Rabbi Yossi Waks, then the executive director of the European Center for Jewish Students, a Chabad-run program with branches from Austria to Malta, from Switzerland and France to Germany and Ireland, contacted Rabbi Wilhelm. ECJS was hosting its first major event a New Year's weekend retreat that was to bring Jewish university students together in Brussels. After much cajoling, and with a scholarship from ECJS, Lourie boarded a plane to spend Shabbat in Brussels.

Also finding his way to the ECJS Shabbat was Rami Karfarov. Several years before the 2006 New Years Weekend was to be held, in The Hague, Rabbi Shmuel Katzman had gotten to know Kafarov, a Russian-Israeli student at a local university. Concerned that Kafarov's Jewish identity would flag and fade during his university years, Rabbi Katzman recommended a transfer to Lauder Business School in Vienna, where Chabad representatives manage the school's Jewish studies component. Kafarov did so, and flourished.

Rabbi Shaya Boas, director of Jewish student life at Lauder, brought Kafarov's talents with a digital camera to Rabbi Waks's attention, and got Kafarov hired to capture the first-ever ECJS retreat as the event photographer. On break from shooting the ECJS post-Shabbat social, Kafarov sat down at a table where Lourie was taking a breather from all the socializing.

When Kafarov met Lourie, the two were delighted to find they could converse in Russian, and one thing led to another, which led to a five-course wedding feast prepared by Chabad of Oslo's Esther Wilhelm.


Stories like the Kafarov and Lourie match are the new reality of the worldwide Chabad community.

Chabad centers have multiplied representatives growing from the hundreds to 4000 in two decades. Unlike a corporation that's gone global, Chabad has become more ubiquitous but not bigger. Each Chabad center is an independent entity, with all fundraising done locally, with one Chabad couple devoting their lives to its success.

They share a sense of brotherhood, a sense of shared mission as spelled out by the Lubavitcher Rebbe, Rabbi Menachem Mendel Schneerson, of righteous memory, that sees Jewish welfare not as a sweeping whole, but as a constellation of individuals. Their commitment to this idea has them dropping everything to help when a fellow Chabad representative calls.

Calling another Chabad shliach is the most natural thing that I do, said Rabbi Wilhelm, and out of the blue offers of help are not unusual. When a Norwegian now living in Rabbi Zalman Grossbaum's community in Livingston, NJ, discovered Rabbi Wilhelm's website, Rabbi Grossbaum emailed Rabbi Wilhelm to offer assistance.

It's not surprising to get a message like Rabbi Grossbaum's, says Rabbi Wilhelm. It comes from the basic understanding that we are all where we are for the same purpose.

Where once a Chabad representative could offer up sweat equity and compassion, Chabad now has a network of programs that offer solutions to an ever-widening array of challenges.

A Chabad representative who has worried parents of a college student in his community can do more than offer counsel. He can call the Chabad on campus representative at that college to check on the student, offer him a kosher dinner, a healthy place to hang out.

There are Chabad representatives serving in communities near major medical centers like Mayo Clinic who will visit, host family members, and bring home cooked meals. Jews and others battling addiction at Caron in Pennsylvania have a place for Shabbat dinner with the local Chabad rabbi. Families unable to care for their children in Argentina can receive home help and full day care for their children through Chabad's IELADEINU program. Whether it is eye problems in Kiev or a hungry family in Sydney, Chabad has a rabbi, a program, a Shabbat dinner, or professional services that can help.

And if the local Chabad rabbi doesn't know the answer, he knows where to find it. Rabbi Zalman Heber, director of Chabad of Tacoma, WA, checks in with Shluchim Achdus, an email network exclusively for Chabad representatives, about once a day. He scans the messages to see if there's something he can help with. He's emailed a speech for a brit milah ceremony to a fellow Shliach in another state, and received help with delicate real estate negotiations for his new center from around the world.

It's heartwarming to know you are not alone, said Rabbi Heber. Even in the dead of night. Chabad's worldwide spread means that when a rabbi is puzzling over a community matter at midnight, it's mid-morning in Australia and there's someone up who can offer advice and answers.

Recently, one of Rabbi Heber's community members was fretting over the emotional state of his son training on an army base in Fort Knox, TN. Rabbi Heber phoned Chabad representative closest to Fort Knox. The rabbi jumped into the car and drove 60 miles to meet a stranger because a fellow Chabad rabbi left a voicemail.

We are all working toward the same goal. So my issue is your issue. Your problem is my problem. It is my responsibility to help, Rabbi Heber said. It's a worldwide family.

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Saturday, July 28, 2012

The Reasons Why Greece Should Leave The Eurozone And Return To The Drachma

I argue that Greece should ditch the euro and return to the drachma, the country's currency until it switched over to the euro in early 2002.

The benefits of Greece regaining control of its currency, such as increased competitiveness, would outweigh the costs of leaving the eurozone and defaulting on its debt. A euro exit will be hard but watching the slow disorderly implosion of the Greek economy and society will be much worse.

The austerity measures that are being forced upon the country in exchange for more bailout money from the European financial authorities are setting it up for decades of pain. Greece will have 25-50 years of austerity and poverty, all this to remain in the eurozone where they hopelessly cannot compete. If they can't compete why would they stay in the eurozone? It is all about Greek leadership and its connection to bureaucrats, bankers and others that demand their inclusion into European and World government.

The Greek bailout and debt deal agreed by European Finance Ministers is a farce, a program designed to pay Greece's international creditors and buy time.

The reasoning is simple: the financial sector is trying to keep alive the illusion that Greece isn't bankrupt, cleverly manipulating the fear that a Greek bankruptcy would trigger a fatal chain reaction in order to get paid. If a default was declared, the resulting payouts would start a chain reaction that would cause widespread worldwide bank failures, making the Lehman collapse look small by comparison.

Greece is indeed broke, and the reason why all the bailout money being thrown into the pot isn't being used to foster competitiveness and help the country get back on its feet is because this bailout isn't actually going to fix Greece: rather, it's all about preserving the dream of a pan European nation state and outside financial interests.

By bailing out Greece and the foreign bank holders of sovereign debt, the pan European political dream remains intact. Current and future actions, therefore, are designed to simply buy more time to preserve the political dream of a future United States of Europe and all the benefits this entails.

The Greek bailout keeps the money flowing into the European financial system. Money is lent from European institutions - ultimately tax payer's money - and then flows into the coffers of European banks. It is a bank bailout on a gigantic scale.

But the good news for the banks doesn't end there. By forcing Greece to speed up its privatisation programme, all sorts of goodies - from airports, ports and motorways to water and sewerage systems - will come up for sale to be snatched up by the financiers of the countries imposing the policies.

The bailouts, the severe public spending cuts, the onslaught on public ownership - all reflect the experience of the developing world in the 1980s and 1990s. The result was two lost decades of development.

Up until this point it was unusual for countries to go backwards in terms of their income levels. But during the 1990s 54 countries went backwards in terms of per capita income and the level of extreme poverty increased by 100 million - not because of war or natural disaster but debt and structural adjustment.

Human welfare was sacrificed to the diktats of the financial system. The increased rates of murder, suicide and HIV in Greece today paint a similar picture.

There are alternatives which Europe could learn from such as what happened in Latin America. The economic policies pushed on Latin America in the early 1980s were an excellent way of helping U.S. banks out of crisis, but an appalling way of resolving Latin America's debt crisis, instead creating two decades of more debt, poverty and inequality.

Of course, this was the precise purpose of these policies - to shift the burden of financial crisis from the financial system and onto developing nations.

The International Monetary Fund (IMF) and World Bank lent money to dozens of countries which would otherwise have defaulted, in order to keep the debt repayments flowing back to the banks of the rich world that had created the crisis by their own reckless strategies.

Then, those countries, which didn't benefit at all from these bailout funds, were told to implement structural adjustment policies which saw industry privatised, money freed from government control and markets ripped open to competition with well-subsidised companies from the U.S. and Europe. Poverty boomed, inequality soared and finance was proclaimed king.

The same logic lies barely concealed behind the Greek bailout agreed by European finance ministers. There is not even a pretence that Greece's people will benefit from these funds.

Make no mistake the austerity measures being forced upon the people of Greece by the IMF and European Central Bank (ECB) are for the benefit of the banks, financial institutions and corporate elite.

The slashing of pensions and the minimum wage, the large reduction in public sector spending and job losses, can only make the depression longer and deeper. Even the Credit Ratings Agencies have recognised the futility of forcing countries into ongoing stagnation.

Greece is stuck in a vicious cycle of insolvency, low competitiveness and ever-deepening depression. Exacerbated by a draconian fiscal austerity, its public debt is heading towards 200 per cent of gross domestic product. To escape, Greece must now begin an orderly default, voluntarily exit the eurozone and return to the drachma.

The exit from the eurozone should be in the long-term interests of working people, not big business or banks. Contrary to what is often asserted, Greece would not collapse if it quit the euro. After all, monetary unions have a limited shelf life, and Europe's is a particularly badly structured one. Exit is the most sensible way for Greece to restore competitiveness and start to recover. The alternative is to continue with austerity packages that do not work and will lead to long-term decline.

The irony of the whole situation is that the austerity measures imposed by the EU-ECB-IMF troika are the main contributing factor to pushing Greece into a deep depression.

If Greece defaults, the country gets immediate relief from the crushing interest payments on its debt, leaving it with a relatively modest primary deficit which excludes the big interest payments Greece is faced with now.

In such a scenario, the pressure for austerity would therefore diminish. This would allow Greece to choose policies that encourage growth, rather than ones that shrink the deficit but retard growth by imposing higher taxes.

By abandoning the euro and adopting a properly valued currency, Greece can restore its international competitiveness. This means greater employment demand from both domestic and foreign sources. A new drachma would boost Greece's competitiveness almost overnight.

The potential negative of default is that Greece will likely lose access, for a while, to international credit markets (although it will be a much safer investment after default than it is now). Another significant problem would be capital losses for core eurozone financial institutions. Overnight, the foreign euro liabilities of Greece's government, banks and businesses would surge. Yet these problems can be overcome. Argentina did so in 2001, when it 'pesified' its dollar debts.

It seems the main issue for Greece is just how long it's going to have to suffer. The harsh austerity measures demanded by the EU and IMF make an economic recovery in this debt-crippled nation a near impossibility over the next two decades.

A country like Greece even with a 70% debt write off, and staying in the euro, will live in poverty for the next 25 to 50 years. A full default and exit from the euro would leave them with a 5 to 10 year depression. At first the latter will be disastrous but then austere normality will occur.

Greece should stop trying to save the euro and work on preserving democracy, regaining its independence, and reforming its own welfare state - all arguably more important than a currency union. Use a new drachma to transform the economy and create true gains to GDP.

If Greece continues to be engaged in what looks like a never-ending game of 'extend and pretend' then the long-term forecast is very bleak indeed.

It doesn't concern powerful elite that the debt of Greece is unpayable, as they are not paying for the bill anyway, you are. Money often flows between global interests, high above the heads of the citizens who most often end up having to pay it back.

When debt cannot be paid we need to stop punishing the people least responsible and start looking at changing the rules governing those who are responsible. This includes the small group of elected and non-elected leaders, composed of ruling Greek families and elites, making decisions for their own personal political and financial gain. The Venizelos elite have shown itself to be without ethics or remorse in many ways already (i.e. the Venizelos government secretly removed 70% of major hospital, utility and university account funds to pay foreign bondholders).

If only Greece had a leader like Rafael Correa of Ecuador, the country would then stand up to the ECB and the IMF because he knows they are nothing more than loan sharks on a huge scale. He would overturn the neoliberal policies currently being implemented in Greece with policies more sensitive to social justice, saving the people from having to pay for a loan that didn't benefit them.

The engagement of Greek people in the issues outlined above is fundamental - not only to help resolve the financial crisis but also in the fight against corruption. Corruption is seriously undermining the integrity of the Greek state and at the highest level can lead to very costly mistakes.

Nothing highlights this more than how Goldman Sachs helped Greece set up a secret loan swap deal in 2001 that helped the country hide its debt levels in order to meet requirements to join the European Union.

The deal is a story of two sinners because of the intentions of the two parties involved - Greece was trying to cover up its high debt levels and Goldman Sachs was trying to make a profit.

And what a profit Goldman Sachs made - on the day the 2001 deal was struck the Greek government already owed the bank about 600 million Euros more than the 2.8 billion Euros it borrowed. By 2005, the price of the transaction, a derivative that disguised the loan and that Goldman Sachs persuaded Greece not to test with competitors, had almost doubled to 5.1 billion Euros.

Greece is just another example of a poorly governed client that got taken apart by a multinational investment bank. Goldman Sachs is ruthless about ensuring that its interests aren't compromised - it's part of the DNA of that organization.

For the reasons outlined above I urge all Greeks to continue their fight against the policies of the EU-ECB-IMF troika and regain their sovereignty from the whims of an unstable and unethical financial system.

Many people (particularly outsiders) blame all Greece's troubles on its problems with corruption, tax evasion and its oversized state sector. Yet, there is one area of the Greek economy that lies at the heart of the crisis and radically needs reform: military spending.

The fact that Greece, a relatively small and democratic country should spend as much on its military as it does is perplexing. In 2006, as the financial crisis was looming, Greece was the third biggest arms importer after China and India. And over the past 10 years its military budget has stood at an average of 4% of GDP, more than 1000 Euros per person. So why has Greece continued to spend such huge amounts on its army? One major factor is that France and Germany's arms industries have greatly profited from this profligate military spending, leading their governments to put pressure on Greece not to cancel lucrative arms deals.

In the five years up to 2010, Greece purchased more of Germany's arms exports than any other country, buying 15% of its weapons. Over the same period, Greece was the third-largest customer for France's military exports and its top buyer in Europe. Significantly, when the first bailout package was being negotiated in 2010, Greece spent 7.1bn euros on its military, up from 6.24bn euros in 2007. A total of 1bn was spent on French and German weapons, plunging the country even further into debt in the same year that social spending was cut by 1.8bn euros. It has been claimed by some that this was no coincidence, and that the EU bailout was explicitly tied to burgeoning arms deals. In particular, there is alleged to have been concerted pressure from France to buy several stealth frigates. Meanwhile Germany sold 223 howitzers and completed a controversial deal on faulty submarines, leading to an investigation into accusations of bribes being given to Greek officials.

Amid economic stagnation in Europe and the west, military technology remains one of the key areas in which competitive advantage has been maintained over emerging economies. However, while this growth has benefited major arms-exporting countries such as Germany, France and the UK, it has deepened even further the economic divide within Europe. Interestingly, Portugal - another country currently in the news for its economic woes - is Germany's second largest arms buyer after Greece.

If Greece is in need of structural reform, then its oversized military would seem the most logical place to start. In fact, if it had only spent the EU average of 1.7% over the last 20 years, it would have saved a total of 52% of its GDP - meaning instead of being completely bankrupt it would be among the more typical countries struggling with the recession.

And the Greek people, instead of facing austerity measures that have reduced living standards by 30%, might have been able to take a more moderate and sustainable route to reform.

Friday, July 27, 2012

Building A Record Label

Record labels continue to consolidate and internal departments continue to merge. However, it is important for future record industry executives to have some idea of the internal mechanisms that exist within a major label. In fact, independent labels have to incorporate many of the same responsibilities within their infrastructure in order to compete in today's marketplace.

Some of the departments may seem obvious to some of the more experienced readers. However, even you can benefit from knowing what tasks need to be tackled and accomplished in order to be a fully functional recording labelindependent or major.

It is important to remember that a record company is defined by foundational concepts:
1. Equity in the copyright of the sound recording
2. An ability to promote
3. An ability to distribute

Keeping these underlying concepts in mind, a label can then be about anything the owners want it to be about. Many people hate to concede to the idea that a record label is ultimately about making money, then hopefully about making great music. Although, the latter has been falling farther and farther behind in today's marketplace.
Suffice it to say, the label's departments must also be working toward the common goal in their own ways. Below is a general list of departments within a record label and the responsibilities of each department. Remember with smaller labels, departments are smaller and therefore, many tasks are accomplished by fewer people.

1. Crafts strategy and implements agenda of corporate parent company
2. May not be involved in day-to-day operations
3. May be responsible for the business affairs of all affiliated labels under the corporate umbrella
4. Reports to executive at corporate parent company

1. Responsible for entire record label
2. Reports to CEO
3. Less removed than CEO and may be involved in day-to-day operations and high profile signings

Responsible for all contract negotiations and legal affairs

Responsible for all financial functions, payroll, royalty accounting and financial reporting

1. One person or a small group of people
2. Serves as liaison between record company's distribution company and the record company
3. Helps decide when to release an album and makes sure it doesn't conflict with any other labels the record company owns

1. Finds new artists (works with a research team to uncover important market research statistics/numbers)
2. Finding artists' material
3. Liaison between artist and all other departments of the record company
4. Coordinates across departments for projects
5. Product Manager (your manager within the label)

1. Primary function is to service radio stations with product and secure airplay
2. Manages independent promoters and contractors
3. Works closely with radio stations on contests, concerts, giveaways, etc.
4. Works closely with new media and marketing

1. Primary function is to service retail with product and oversee retail initiatives
2. Services national and independent accounts
3. Instrumental in planning release schedule, initial unit volume, and solicitation strategies
4. Works closely with marketing and promotion to track radio airplay

1. Creates strategic marketing plan for the company as well as, specific artists and their releases
2. Instrumental in seeking strategic alliances for the label (Consumer Products, advertising, radio/tv/film)

1. Gets the word out
2. Writes press releases
3. Helps secure personal appearances radio interviews, television exposure, featured articles
4. Works with artist's independent publicist if applicable

1. Responsible for dealing with some of the newer aspects of the music business
2. Creates Online Presence social networks, online reviews and feature, blogs, website, streaming music, etc.
3. Responsible for producing and creating music videos for the artist

1. Coordinates
2. Pressing
3. Packaging
4. Shipping
5. Warehousing and Inventory Management
6. Digital Distribution
7. Rack Jobbers, One Stops, Record Clubs

The aforementioned departments and their tasks are for general reference only. Each specific label has their own way of accomplishing tasks, assigning names to departments, and ultimately selling product. However, note the information, use it to perhaps build your labels' infrastructure or to possibly look for a position in the music business, and then build upon it for further success in the music business.

Wednesday, July 25, 2012

Overlooked Leasing Equipment As A Source Of Business Finance ? Lease Financing Works. Here's Why!

Overlooked? You tell us, but we're never more amazed at why leasing equipment is such an often overlooked source of business financing in Canada.

Here's why we think the ' unconverted' need to reassess this popular method of financing their businesses when it comes to asset acquisition.Hopefully you've got your short term working capital and cash flow needs sorted out. They might include bank lines, receivable finance, working capital facilities, asset based lines of credit, etc.But what about long term capital when it comes to financing your needed asset acquisitions?

It's an entirely different form of financing and you just need to know some solid basics when it comes to eliminating any surprises. Let's cover some basics.In general Canadian business owners and financial managers need to only know there are basically two types of leases - operating and capital. But the difference between the two of them is huge! When you engage an operating lease scenario you essentially have no ownership or acquisition rights - think if it as leasing your landline phone.

A capital lease on the other hand is a non-cacheable commitment to make a series of payments over time for the purchase of the asset; it's as simple as that. The usual (but not always' end result of a capital lease is the transfer of ownership of the asset from the lessor to your company.Strictly speaking, leases are a form of long term debt, but depending on the type of lease you structure, and how it's structured it doesnt necessarily have to show on your balance sheet.Why then do we think that many businesses in Canada overlook some solid advantages in leasing equipment?

And what are those advantages?First of all leasing as a source of business finance frees up working capital that you quite frankly could use in a more productive matter. A quick example is that if your lease rate is, say 7% and you can generate returns on profit in equity of 10%, as an example... well... enough said!.

Other methods of business finance as a source of financing often require hefty down payments - leasing more often than not is 100% financing or pretty close it depending on your firms overall credit quality .Naturally if you utilize a business leasing equipment firm you are therefore not disturbing any other credit facilities you might have in place, such as short term revolving lines of credit.

And again, with decent credit you don't have to pledge other collateral and solid credits can often negotiate a limited or no personal guarantee. Have we made out point? We hope so. Don't overlook lease financing as a valuable source of business funding.

Speak to a trusted, credible and experienced Canadian business financing advisor on solving your asset finance need today.

Tuesday, July 24, 2012

Chase Credit Cards Online

Online credit card applications seem to be the in thing and Chase too offers online credit card application facility. Here, 'Chase dot com credit cards' refers to the chase credit cards that can be applied for online. Just for those who don't know, 'Chase' is a brand that is owned by JPMorgan Chase & Co. (a leading global financial services firm).

By 'Chase dot com credit card offers', I mean the credit card offers that are available at chase dot com. Obviously, 'Chase dot com credit cards' would be regulated by chase. Again, as with any other credit card supplier, 'Chase dot com credit cards' on offer would be changing too.

Anyways; one night, before going to bed, I thought of just checking the chase dot com credit cards section. Here is what I found:

There is a separate Chase dot com credit cards section. As I browsed through the Chase dot com credit cards section (the online application ones), the first one I encountered was called 'Chase Cash Plus' or the 'Chase Cash Plus Rewards'. These promise faster rewards and offer 5% earnings on gas and on purchases made at grocery-stores/drug-stores. For other shopping venues, it offers 1% earnings. These earnings can be in the form of gift certificates or cash.

The next on the Chase dot com credit cards section was the 'Flexible rewards Visa signature card'. Here you earn a point for every purchase of . You can keep collecting these points and then finally redeem them for your choice of things (like cash, travel, gift certificates or some kind of merchandise). The redemption can start at 2500 points (and you get a bonus of 1000 points once you make the first purchase). Moreover, this one doesn't have any annual fee either. So that was the second one in the Chase dot com credit cards section.

Moving on in the Chase dot com credit cards section, I found 'Free Cash Rewards Platinum Visa card'. This one, as the name goes, offers cash rewards. You can get a check or a gift certificate on redemption of 2500 points. Since there is one point earned for every spend, this mean that you effectively get 1% cash back on these cards.

I had started loving browsing through the Chase dot com credit cards section. So I moved on to the next one in the Chase dot com credit cards section. The next one on the Chase dot com credit cards section was 'Chase Perfect Platinum MasterCard' which doesn't limit you to getting rebates only on a particular brand of gasoline; instead, you get rebates everywhere. '

Chase Platinum MasterCard' was the next one in the Chase dot com credit cards section. This one offers online account management i.e. monthly statements, bill payments etc can all be done online (also you don't have any annual fee on this one).

There were few more cards on Chase dot com credit cards section and one especially caught my attention. This one was at the bottom of Chase dot com credit cards section and was called 'Check Gallery Platinum Visa Card'. Here you could choose the design of your card from those available e.g. cowboys, smileys etc.

By now, I was so sleepy that I really had to shut down my computer and go off to sleep.

Note: The information given in this article was correct at the time it was written. However, the author does not guarantee the correctness and completeness of this information at any time.

Monday, July 23, 2012

First Bank of Delaware Credit Card Reviews

First Bank of Delaware is a subprime lender. Subprime lending is a term which has come to prominence over the last couple of years, largely due to the financial crisis which we are currently experiencing. It refers to financial institutions lending in ways that do not meet 'prime' standards - i.e. to the riskiest category of consumers. This is usually people with a FICO score below 640.

The term can encompass a range of financial products, such as mortgages and loans - but it is credit cards that we will look at in this article. There are four brands of cards issued by First Bank of Delaware: the Continental Finance Credit Card, the Simply Gold MasterCard, the Imagine Gold MasterCard and the Tribute MasterCard.

The Continental Finance MasterCard is an unsecured card which carries an APR of 19.92%, with a 25 day grace period. New cardholders are given an introductory limit of 0, which can rise to ,000 if you manage your account well. Be aware that this card carries a number of fees and charges, including a one-off set up fee of 0, an annual fee of and a monthly fee of .

The Simply Gold MasterCard gives owners an initial limit of 0, but a one-off set up fee is deducted straight away, leaving the cardholder with left available. There is also a monthly fee of . The limit is assessed every six months, and can eventually rise to ,500.

The Imagine Gold MasterCard works along slightly different lines. Unlike most cards, this one requires the cardholder to set up an automatic payment plan from their bank account. The APR is the prime rate plus 11.5% - with a minimum of 19.5%. There is an annual fee of 0 and a monthly maintenance fee of .50. The limit starts at 0, with increases considered every six months.

The Tribute MasterCard is another unsecured card that is similar in nature to the Continental Finance card. The introductory limit is 0, with a limit of prime rate plus 24.5%. There is an annual fee of 0 and a monthly fee of .95, but no one-off application fee.

All of these could be considered by those who have a poor rating, as approval requirements are lower. They give these people the opportunity to buy products over the Internet and in stores, hire a car, pay bills and generally assist them with everyday life.

There is however several drawbacks. The fees are extremely high - with the Continental Finance MasterCard customers are left with just of their initial 0 credit, after their set-up, annual and monthly fees have been deducted. The APR is also higher than that of many other similar cards.
Anyone with a score over 500 should first look at a secured card. These carry lower fees and will improve your score at a faster rate. Make sure you fully understand the terms and conditions before applying for a First Bank of Delaware card.

Sunday, July 22, 2012

Payroll Ohio, Unique Aspects of Ohio Payroll Law and Practice

The Ohio State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:

Department of Taxation
P.O. Box 2476
Columbus, OH 43266-0076
(614) 433-7887
(888) 405-4039

Ohio requires that you use Ohio form "IT-4, Employee's Withholding Exemption Certificate" instead of a Federal W-4 Form for Ohio State Income Tax Withholding.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Ohio cafeteria plans are not taxable for income tax calculation; not taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.

In Ohio supplemental wages are taxed at a 3.5% flat rate.

You may file your Ohio State W-2s by magnetic media if you choose to.

The Ohio State Unemployment Insurance Agency is:

Ohio Department of Job and Family Services
Unemployment Compensation Division
52 Robinwood Ave.
Columbus, OH 43213
(614) 466-2100

The State of Ohio taxable wage base for unemployment purposes is wages up to ,000.00.

Ohio has optional reporting of quarterly wages on magnetic media.

Unemployment records must be retained in Ohio for a minimum period of five years. This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Ohio State Agency charged with enforcing the state wage and hour laws is:

Department of Commerce
Division of Labor and Worker Safety
Wage and Hour Bureau
50 West Broad St.
Columbus, OH 43215
(614) 644-2239

The minimum wage in Ohio is .15 per hour (large employers), .35 (medium employers), and .80 (small employers).

The general provision in Ohio concerning paying overtime in a non-FLSA covered employer is one and one half times regular rate after 40-hour week.

Ohio State new hire reporting requirements are that every employer must report every new hire and rehire. The employer must report the federally required elements of:

Employee's name
Employee's address
Employee's date of birth
date of hire
Employee's social security number
Employer's name
Employers address
Employer's Federal Employer Identification Number (EIN)

This information must be reported within 20 days of the hiring or rehiring.
The information can be sent as a W4 or equivalent by mail, fax or electronically.
There is a .00 penalty for a late report and 0 for conspiracy in Ohio.

The Ohio new hire-reporting agency can be reached at 888-872-1490 or 614-221-5330 or on the web at

Ohio does allow compulsory direct deposit but the employee's choice of financial institution must meet federal Regulation E regarding choice of financial institutions.

Ohio has no State Wage and Hour Law provisions concerning pay stub information.

Ohio requires that employee be paid no less often than semimonthly; monthly if allowed by custom of contract and wages paid by first of next month.

Ohio requires that the lag time between the end of the pay period and the payment of wages earned 1st half of month, pay by 1st of next month; wages earned 2nd half of month, pay by 15th of next month.

Ohio has no general provision on when terminated employees must be paid their final wages.

Deceased employee's wages of , 500 must be paid to the surviving spouse, adult children, or parent (in that order).

Escheat laws in Ohio require that unclaimed wages be paid over to the state after one year.

The employer is further required in Ohio to keep a record of the wages abandoned and turned over to the state for a period of 5 years.

Ohio payroll law mandates no more than .02 (less for small and medium employers) may be used as a tip credit.

In Ohio the payroll laws covering mandatory rest or meal breaks are only that minors under 16 must have 30 minutes rest after five hours of work.

Ohio statute requires that wage and hour records be kept for a period of not less than three years. These records will normally consist of at least the information required under FLSA.

The Ohio agency charged with enforcing Child Support Orders and laws is:

Office of Child Support
Ohio Department of Human Services
State Office Tower
30 E. Broad St., 31st Fl.
Columbus, OH 43266-0423
(614) 752-6561

Ohio has the following provisions for child support deductions:

When to start Withholding? 14 working days after the withholding order is mailed to the employer.
When to send Payment? Within 7 days of Payday.
When to send Termination Notice? Within 10 days of termination.
Maximum Administrative Fee? greater of or 1% of payment
Withholding Limits? Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

Thursday, July 19, 2012

Five Steps To Planning A Successful Business Exit

A business owner's exit is a once-in-a-lifetime transformation. We're not talking about selling a house or a car. This is a complex process that requires the technical expertise of a team of trusted advisors. The key to any successful business exit is planning. It must begin with personal reflection on the part of the owner regarding what he or she wants out of the business exit. Only then can the owner, along with his advisors, design an appropriate exit strategy. The five (5) planning steps outlined in this article are designed to help business owners define their personal goals, understand all the transfer options and work with an advisory team to execute a successful business exit plan.

Step 1: Define the Personal Goals of the Owner

Since personal goals intertwine so closely with the daily existence of a private business owner, it only makes sense to begin with the basic albeit crucial question, What do I want to accomplish with my business exit? The answer seems obvious--make the most money after taxes and fees. Often, however, it isn't this simple. Owners have nourished and raised their businesses from infancy; they typically care a lot about who will take the reigns. Family members might also be involved in the business. Their fate will also be dependent upon what the business owner ultimately decides.

Aside from money, other motives for a business exit can include transfers to family, transfers to employees, transfers to co-owners, partial transfers to gain some liquidity today but still run the company's day-to-day business, or an initial public offering. The decision often comes down to a question of liquidity. A substantial source of liquidity outside the business makes for a much easier choice.

However, more often than not an owner's wealth is tied up in the business. The owner must therefore balance his financial and interpersonal goals in order to find the best possible exit strategy. Therefore, an assessment of the range of values for the business is the crucial next step.

Step 2: Understand that a Range of Values Exist for the Business

The value of a privately-held business depends largely upon who buys it. It's not as simple as watching the ticker tape for today's stock price. The type of buyer can impact both the price placed on the shares (or assets) of the business and the tax consequences to the selling owner. Value (net transfer price) is therefore a range concept.

Internal transfers to employees, family, and co-owners provide fewer dollars up front, but allow for greater control of the business, continued income, and flexible timing and tax characterization of payments to the exiting business owner. By contrast, External transfers to other industry players, financial groups, or by initial public offering command more liquidity up front while the owner relinquishes more control over the Company and the timing and tax characterization of payments. A closer examination of the transfer options can help an exiting business owner determine the right balance of money and control over the future of the business.

Step 3: Examine the Options Available for the Transfer of Shares

There are seven (7) primary purchasers of privately-held business stock (or assets). Below are listed the Parties to the Transaction and Types of Transactions Available (samples; not a complete list)

Internal Parties:

Employees - Employee Stock Ownership Plan (ESOP)
Charity - Charitable Remainder Trust
Family - Gifting Program
Co-owners - Leveraged Buyout

External Parties:
Financial Groups - Recapitalization
Industry Buyers - Acquisition (at Synergy Value)
Initial Public Offerings - IPO (at Public Market Value)

Based on the primary goals defined in step one (1), an exiting business owner chooses the party to whom the business will be transferred. That designee, once chosen, will determine the limits or expansion of the Value. At the end of this phase, the process comes full circle as the Value (after taxes and fees) is matched against the owner's goals. If the two meet as one, congratulations! A successful business exit strategy has been devised. Now it's time to execute.

Step 4: Provide Full Financial Disclosure to the Buyer

This step isn't going to be easy on the business owner. Assembling financial records and presenting them to a buyer/successor is a very time consuming, very personal survey of how the business is run. It can be huge psychological block for many exiting owners. Remember, any savvy buyer (or successor) to a business will need to understand the financial condition of the Company. When an owner fesses up to any creative accounting they may have employed over the years to help build wealth and reduce tax bills, the process goes smoother. Full disclosure is the best path to a seamless process. There is an old saying - if the truth will kill a deal, then there is no deal.

Not only that, but it may reward the owner in the end. Full disclosure is not about passing judgment, but instead affords the buyer (or successor) an opportunity to assess the business's true profit potential. The astute exiting business owner will recognize this in advance. Why? Because most creative accounting practices depress the profitability of a business. Clear those away and the Buyer will recognize a higher earning power and in turn a higher Value for the Company.

Step 5: Assembling the Advisory Team No One Should Go It Alone

Planning and executing a successful business exit strategy is a complex process that requires the technical expertise of a team of trusted advisors. It's not the time to take short cuts or pinch pennies. Time and money should be invested in assembling the right team of advisors; a successful business exit is more than worth it. It should be viewed as an investment in success.

We must understand that business owners are independent self-starters. If they weren't, their businesses wouldn't be so successful and we wouldn't be talking to them. But some of their strengths and characteristics can lead many business owners to attempt the do-it-yourself business exit strategy. This can create an unnecessary drain of time and money on both the business owner and their business.

A business owner's exit is a once-in-a-lifetime transformation. It is an important milestone that is sure to provide any business owner with one of the most challenging yet satisfying sense of accomplishments.

So remember, planning is the key to any successful business exit because a proactive approach to an Exit Strategy is the only approach to a successful Exit Strategy. If you've come to the end of this discussion, you're already ahead of the game.

John M. Leonetti

Tuesday, July 17, 2012

Advantages And Disadvantages Of Income Protection Insurance

Income protection is a type of insurance that is often misunderstood in the UK. As with other types of insurance there are many advantages and disadvantages to having a policy, and here we list a few of them.

First, let's explain a little about income protection. This type of insurance will replace part of your income tax free if you cannot work because of accident, sickness or unemployment. There are many different types of policy, most of which can be adjusted according to your individual circumstances.


Income protection can cover up to 70% of your mortgage. This could work out to be significantly more than the government would pay you in benefits.
Some long term policies offer cover until retirement age. This means that if you suffer a long term illness, you will receive your benefits either until you can return to work or until the age of 64.
The money can be used however you please. Most people choose to cover their mortgage, bills and other financial commitments, but it could be used for general lifestyle costs.
The policy can be tied into a particular debt, like a mortgage or credit card repayments.
You can choose cover for accident and sickness only, accident, sickness and unemployment, or unemployment cover only.
Unemployment cover could offer back to work schemes and training to help you find a new job.
Income protection can be designed to kick in only after your sick pay stops, so your premiums are lower.


Unemployment cover will only pay out for a maximum of 12 months, even if you haven't found a new job within this time.
Accident, sickness and unemployment policies usually only offer 12 months of benefits as well. Long term-policies offer better cover, but are sometimes more expensive.
Pre-existing conditions may not be covered on your policy, so it is important to take one out before you need it.
Similarly, you will not be covered for redundancy if you already knew there was a chance it was going to happen. This protects the insurance companies against people taking advantages of the policy.
Smokers will usually pay higher premiums for accident and sickness cover because they are more likely to fall ill.
It is important never to buy a policy without researching the market first to get the best deal; otherwise you could be paying more than you need to.
Now you know the advantages and disadvantages, it is up to you to decide whether income protection is right for you!

Monday, July 16, 2012

Health Workers to Get Help With Student Loan Debt

The National Health Service Corps is accepting applications from primary medical care professionals who are willing to work in underserved areas in exchange for a reduction in their student loan debt.

Through the NHSC student loan repayment program, you can receive up to ,000 toward the balance on your student loans if you successfully complete the program's two-year service requirement. Two-year half-time commitments are also being sought, in exchange for ,000 in student loan debt reduction.

Clinicians willing to make a five-year commitment to the program can receive up to 0,000 in student loan debt relief. Eligible applicants who are willing to commit to six or more years of service are eligible to have the entire balance of all their federal student loans forgiven.

The student loan debt relief offered by the NHSC repayment program applies to federal, state, local, and private student loans.

>> Qualifying for the NHSC Student Loan Repayment Program

In order to qualify for repayment through the NHSC program, your student loans must have been taken out prior to your enrollment in the program. The program will not repay student loans that were not clearly used to pay for education or student loans that were not issued by a government or commercial lender (i.e., personal loans).

College loans that have already been repaid; parent loans, such as those issued under the federal PLUS parent loan program; personal lines of credit; residency relocation loans; and credit card balances are not eligible for repayment under the NHSC student loan debt relief program.

In addition to offering student loan forgiveness to qualified applicants, the program also offers incentives for providers willing to work half-time in underserved areas, including more flexible student loan repayment terms and credits for teaching.

Service is needed in extremely rural areas where primary medical care is otherwise unavailable and in more densely populated but underserved urban areas. Qualifying primary care positions are also available at state and federal correctional institutions, community mental health facilities, Indian Health Service provider sites, hospital-affiliated primary care practices, public health programs, and community care facilities.

The NHSC is actively seeking medical doctors, psychiatrists, licensed mental health counselors, dentists, physicians' assistants, and nurses. All licensed primary care providers, nurses, and mental health providers are eligible to participate in the student loan repayment program; however, if you opt to make a full-time commitment to the NHSC, you must not already be participating in another federal or state program, or have active or pending military duties that would prevent you from fulfilling your NHSC work commitments.

>> Applying for the NHSC Student Loan Repayment Program

To get more information or apply for the NHSC student loan debt relief program, visit the NHSC website.

From the NHSC website, you can find out more about the agency, browse a database of program FAQs, and find open job positions in all 50 states that are eligible for the student loan repayment program.

>> About the National Health Service Corps

Part of the U.S. Department of Health & Human Services, the NHSC currently employs about 7,500 primary care providers at 10,000 sites around the United States. The NHSC expects to employ 11,000 health care professionals by the end of 2011 and 15,000 by the end of 2015.

The student loan repayment program is funded by a nearly 0 million appropriation from the Affordable Care Act.

Saturday, July 14, 2012

5 Things a Call Answering Service Should Avoid Saying

Proper phone answering is a vital task for everyone from CEOs to answering service employees. When you answer your phone, you're representing yourself, your company, and, in the case of virtual receptionist services, potentially several businesses. However, business phone etiquette can be a tricky subject to master. You want to sound approachable, but not amateur; professional, but not stuffy. Where to start?
There are a few phrases that if banished, will instantly make your phone manner a lot more appealing. Here are five sentences that you may have seen receptionists use on T.V. but are better left unsaid in the real world:
1. "I'm not sure" or "I don't know." Callers don't expect you to be omniscient; they realize you may be the receptionist, virtual receptionist, or simply need to do some research to find the answer to their question. However, saying, "I don't know" immediately puts a negative spin on your answer. So, skip to the good stuff and offer to put your caller in touch with someone who does know:
"Good question! Let me see if Kim in our support department is available to discuss that with you."
"That's a great question! The owner would be the best person to speak with about that. Let me put you in touch with him."
2. "She's on the other line at the moment." You don't need to be a remote receptionist to see how this could lead to trouble. Even if you're in the same office and can see the person on the other line, saying that they're on the phone sets up unrealistic expectations. They may expect a return call as soon as she's off the phone, but she could be stepping into a meeting, returning another call, or the call just may last for another hour. You never know! Another potential hitch: Your caller may ask to hold until the other party is available. If you're not sure when she'll be available, or if you work at a live call answering service and need to be available for other calls yourself, things can get tricky.
3. "I can't do that." This may be the most hated phrase in all of customer service-dom. Ever call your cable provider and have the rep reply with "I'm sorry, sir/ma'am, I can't do that"? It's a dead end. Spare your callers from this frustration and try to think of what you can do and offer to do it. Instead of:
Caller: I'd like to re-draft my will. Are you able to help me with that?
Receptionist: "I can't. I'll transfer you to the attorney."
Take out the "I can't" and put the friendliness back into your reply:
Receptionist: "Let me put you in touch with the attorney. He'd be happy to chat with you about making changes to your will. One moment, please."
4. "Just a sec." A tad informal and a tad misleading (what takes only a second?), "Just a sec" shouldn't be in your vocabulary. Go for the more sophisticated "One moment please" and your professionalism won't waver for an instant!
5. "Hold, please." You'll need to place callers on hold from time to time to look up information, try someone's line, or answer a (quick) call. Asking instead of telling will make your caller feel important. Try asking for permission with a "May I place you on hold for a moment?" Your caller will most likely say yes since they feel taken care of, but if they decline, either acquiesce or offer an explanation and an alternative. "I need to look that up in our database, which may take a few minutes. Would it be alright if I gave you a call back when I've found the answer?" Being respectful of your caller's time is always the right thing!
These are best practices, but even if you slip up and use one of these phrases, all is not lost! Remember that being friendly and willing to go above and beyond for your callers will always set the right image for your business and keep your clients coming back!

Friday, July 13, 2012

Lowest Home Equity Loan Figures

The lowest home equity loan has been used by many banks to serve as an easy way for people to have the ability to purchase their own homes without significant problems and disruptions with their financial capabilities. The lowest home equity loan is made to stretch the payments terms as long as decades which would allow people to pay in very light monthly terms. Many of the people undergoing financial terms would then be freed form the troubles coming from the current recession since only a small part of their income would be deducted. In this way the quality of lives of the people involved would not be disrupted due to the payment terms.

The lowest home equity loan has been emulated by thousands of companies and lending institutions who seek to establish a long term but fruitful relationships with their clients. This is because the payments would not serve as hindrances with their lives. Statistics have shown that most people who have availed of the lowest home equity loan were able to finish their payments. The good thing equity is that it would allow early payments that would deduct from the overall interest. This would promote and inspire the borrowers to pay early and avoid being late with their financial responsibilities. It has also given them the support that would allow them to attain the basic necessities including a home for their family and relatives. This is the main reason that the lowest equity loan has flourished through out the years.

Thursday, July 12, 2012

Roland Vs2400cd

The Roland VS2400CD is one of the most affordable mixer and sampling systems available to the any musician today wanting to record and edit all personal tracks.

What the Roland VS2400CD includes are functions such as effect processors which will allow any musician to alter recorded tracks and direct recording of all instruments via the output channels.

Musicians using recording systems are most likely to need dynamic processing control and compression facilities which are all included in the Roland VS2400CD.

The Roland VS2400CD includes fully functional cut and paste facilities which allow easy editing of all play lists which gives the user full management of all tracks.

User functionality has been amended considerably in this latest model to incorporate a fully integrated and easily understandable control main panel display board. If your dream is a mixing desk like the professionals use with the self moving controls, then this is the unit for you.

One major problem most mixing consoles provide the users are a difficult to understand a recording set up functionality. The Roland VS2400CD has been redesigned to take away the difficulty encountered in early models. Up to 16 tracks can be laid down and recorded at any one time.

The Roland VS2400CD operates also in MIDI control. All VGA Monitor devises are fully linkable with mouse equipment inputs as standard. This makes the Roland VS2400CD almost a DAW. Roland VS2400CD interface almost resembles a DAW unit so could fool anyone into thinking the unit cost the price of a high end professional mixing system.

What makes the Roland VS2400CD stand above its competition is that this mixer can record at six different sampling rates and modes. Ranges start from 32 96 KHZ. VS2400CD allows an impressive 10 GB partition at a maximum level but this equals and impressive 40 GB using the installed driver.

The Roland VS2400CD system comes with the option to use additional bolt on equipment which can expand memory capacity and enhance sound recording up to a level only met by only by the high end of the market mixer equipment.

The Roland VS2400CD is competitively priced more at the lower end of the market which allows all musicians to record and mix their music rather than pay the excessive high hourly rates charged by studio time and producers.

If you would like to know more technical information or just purely interested in browsing the amazing Roland VS2400CD mixer studio desk, click on the link below or in the resource box attached to this article.

Tuesday, July 10, 2012

Advantages Of Independent Travel

There is a changing tide in the travel industry. Traditionally massive package holiday companies have block booked villas, hotels, flights, tours and coach transfers from and to the airport. Every detail of ones holiday was catered for by the tour operator. Two weeks in July with bacon and eggs by the pool. The situation is however changing and the trend is towards independent travel.

The independent traveler is on the scene and with the arrival and growth of the internet individuals no longer need accept a tin sardine holiday. The arrival of cheap airlines has helped persons make considerable savings by booking early and travelling in the low season and in the middle of the week. There has been more and more one way tickets purchased. The modern traveler wants more flexibility and will often extend or shorten their trips depending on how much they are enjoying themselves.

The reliance on packaged holidays has caused severe pressures on the infrastructure and environment of holiday hot spots like the Algarve and Majorca, Spain. Their ability to monopolise the accommodation market and dictate pricing has not only created ghost towns that are virtually deserted for most of the year, it has also conned thousands of people with misleading real estate opportunities and created a housing bubble and surplus as well as unnecessarily spoiling miles of coastline.

There are huge benefits in renting holiday villa accommodation with the owners direct over accepting a tin sardine holiday. There are fewer middle men taking their hefty commissions for renting the villa, apartment or hotel room to you. Often these savings are passed on meaning your holiday can be cheaper. You get to choose exactly which property you are renting. Rather than rely on massive companies often poor investigation and selection procedures you can personally speak with the owner of a rental property and satisfy yourself that the arangement is of superior value and high standard.

The idependent traveller has far greater freedom to change their plans and discover spontaneously. The trend towards independent travel has colossal benefits for the environment and local economies. Instead of profits being siphoned off into the already inflated bank accounts of mammoth corporations, small businesses and the local economy get a bigger slice of the pie. The season is extended as independent travelers take advantage of lower prices and less competition in the shoulder and low seasons.

Independent holiday makers travel further afield and to more diverse locations off the beaten path. Instead of large concentrations of people arriving in a single location in July or August the independent traveler will venture elsewhere reducing the environmental footprint and helping the economies of more rural economies.

In the traditional package holiday situation tradition and culture were at best artificial spectacles such as a flamenco night in Tenerife and at worst local people have felt exploited and tourists unwelcome. The mammoth companies keep sending the tourists and in locations such as Majorca where the package still rules restaurant proprietors needn't worry about reputation or providing value for money because tomorrow a new load of pale faced tourists will be arriving.

By travelling independently one has far more freedom. Free to choose, free to move, free to travel onwards, to follow ones intuition, to enjoy and interact with the local people, to see the real culture and to travel in a more environmentally sustainable way that benefits the local people and their economy.

Monday, July 9, 2012

Military Members With Bad Credit Can Receive Special Auto Loans From Private Lenders

Military members who are either on active duty or retired are able to take advantage of special auto loans. These loans are provided by private lenders, but especially reserved for military members who need help financing a vehicle purchase due to credit problems. Some people may also know these as auto loans for military members with bad credit. This article will familiarize you with this lending option and help you decide if it is the right choice for your next vehicle purchase.

Guaranteed Approval for Military Service Members

The design of these auto loans is such that military members receive automatic or guaranteed approval. This is because, unlike traditional auto loans that are given based on a credit history, military auto loans are given based on secure military (i.e. government) income. Therefore, retired military members who collect a regular pension are also entitled to military auto loan benefits.

The nature of these loans means that having bad credit, or no credit, is not a problem for members of the military. Private military lenders will work with you despite your credit problems to get you the vehicle you need as a means to say thank you for your service.

Bonus: Flexible Repayment

Another bonus for military members who take auto loans from private lenders is the repayment schedules that they offer. Unlike traditional auto loans that are usually only offered in three or five year terms, auto loans for military members with bad credit can be designed to accommodate your pay scale specifically with a range of repayment period options.

The interest rates on these guaranteed loans is relatively fixed, meaning that you can determine how long you need to repay the loan based on its principle amount. Looking at your monthly budget and income, have a solid figure that you can afford to pay each month and then base your loan term on that figure.

Internet Applications Make the Process Easy

One final benefit to auto financing through auto loans for military member with bad credit is the ability to use the internet to find the best loan for you. Through private online lenders, military members can compare rates and terms across several loans before they even go shopping for a car. This way, the negotiation of price in terms of loan application is negated at the auto dealership, allowing the buyer to focus on getting the car or truck he or she wants at the best price.

In order to conduct and online search for an auto loan for military members with bad credit, it is first necessary to identify several lenders who offer this option. Then, you can simply fill out a short form to see how much money they will offer, at what interest rate and at what term. Calling individual lenders to negotiate is another way to guarantee the best deal. Once you have decided on a lender, you are ready to get a car.

Taking Time to Research

As a member of the military, you are intimately familiar with the many dangers that lurk out in the world and the internet is no different. That is why taking the time to research the online lenders you contact can be worth it in the long run. Make sure that the lender is legitimate and has good ratings as a business. Also, do not let him pressure you into making a purchase that is larger than your budget can support.

Private lenders offer excellent packages to military members with bad credit. Auto loans are guaranteed with these lenders and by doing a little research a member of the military is entitled to a great deal for a new car or truck.

Sunday, July 8, 2012

Avinash Narula Management Guru & Customer Mathematician

If you are looking for a motivational, keynote or inspirational speaker for your next convention, sales team meeting, dealer conference or employee meeting, you have reached the right place. Avinash Narula, one of India's most respected speakers, is a passionate and dynamic speaker who blends theory, practice and his original thought into a motivational, uplifting, enlightening, inspiring, educational and an entertaining experience. Rest assured, he will ignite the passion in the audience.

Avinash Narula engages his audience by using real life examples and personal experiences. He customizes his talk so as to relate to his audience. The audience feels that he is just one of them. Avinash knows how to get his audience's attention. He likes making a dramatic statement to gets everybody's attention and then goes on to convey his message. He involves the audience in his talk. His passion and belief in the topic of his talk combined with his knowledge and real life examples inject excitement in everyone. He captures the audience's attention and hold them spellbound. His message will be inspiring, refreshing and original. He will make you reflect, think and laugh.

What makes him such an exciting and dynamic speaker?

1. Simple and interesting thought process As a management trainer, professor and speaker, Avinash has had to explain management concepts in a simple and interesting manner to his audience. He even wants his books and articles on management to be interesting to read and needless to say jargon free. He says, "Generally management books are dull and boring. I want my books to be easy to read and interesting. I want to be the James Hadley Chase of management books." 2. Excellent public speaking skills Most of the time Avinash speaks extempore and without any help from the notes. This is because he speaks from his heart about his passions and experiences. 3. Extensive use of examples Avinash feels that real life examples are the best way of explaining management concepts in a simple manner. He make extensive use of examples in his talk. He says, "Examples are the best tool available to convince others of your ideas. They are also interesting to hear and read." 4. Tells a good story Avinash is obsessed with developing a convincing "story" which is logical, sequential, concise and with a smooth flow - the subject matter of his third book. As such, his seminars and motivational talks are excellent convincing stories that the audience relates to. 5. Blending theory, practice and original thought Avinash likes mixing theory with practice and experience so as to incorporate a touch of reality into the discussion about the management concept. 6. Diversified background Just like his books, Avinash Narula has a very interesting and diversified background. He is an entrepreneur, management professor, author and trainer all rolled into one. He has had nearly 30 years of professional experience in India and in United States. His diverse educational background includes a B. Com degree, an MBA degree in Marketing and Finance and a B.S. in Hotel and Restaurant Management. He is also a Certified Public Accountant. He has been a recipient of a number of scholarships.

Friday, July 6, 2012

How To Finance Used Cars Affordably

Buying used cars can be a very good idea. After all, if you want to save money and buy a vehicle that has what you want in it, this is the route to go. The cost savings on a relatively new but previously owned vehicle is outstanding. It is often too good to pass up. The problem you may have, though, is getting the right loan for it. Many lenders are happy to finances these vehicles but to do so, you have to buy the right thing. You also have to keep your costs in mind during this process.

What's the Value?

The biggest factor when buying used cars and finding a loan to do so with is ensuring the value is present. If you purchased a vehicle from a person selling it in their front yard, you are going to have a harder time getting a loan. That's because the lender needs to be sure the value of the car (the amount it is worth) is at least as much as the amount that you are paying for it. Otherwise, the lender is adding more risk to the loan. You may need an appraisal or a representative to look at it and determine its value.

Buying from a dealership reduces this risk. This is especially true of a well-respected and larger facility. They are more likely to be trusted has having a quality car. The lender does not want to end up having a borrower with a vehicle that does not work in a year and have four more years on a loan to pay on.

Be Wise

You still have to do some shopping around to find the right lender, too. You need to make sure that the vehicle you are buying is the best possible option around. Then, you need to find lenders who offer low interest rates and good terms. You will want to ask about any dealer incentives that may be available. Keep in mind that some companies do offer warranties on these vehicles. That's something to work into the purchase price.

What are the loan terms? Have you talked to various lenders including credit unions you belong to, banks and national auto lenders? Do you have a down payment to reduce the interest charges? Take the time to compare all of your options before making a purchase.

When you do this, two things happen. First, you get a vehicle that is worth the money you are paying for it and fills your needs. Second, the loan is one that's affordable. That makes this purchase a very good one and a solid financial investment into your future, too.

Thursday, July 5, 2012

No Hassle Business Loans

Business people do not want to waste time and wish a loan were available to them without going through a lot of procedures and visiting the lenders personally. In today's competitive loan marketplace, such no hassle business loans are usually through online lenders. But you must keep its certain aspects in mind.

The hassles of personally visiting number of lenders can be eliminated when applying online for the loan. A simple application on the website of your choice of lender requires you to give basic details regarding the loan amount, its purpose, credit history, repayment duration, residence address and instantly the details are with the lender. Prior to making the application, you do not have to visit the lenders to compare them. Instead, right at your home or anywhere, you can compare online all the lenders for their interest rates and fee charges to select a suitable offer of the loan.

No hassle business loans thus usually come from online lenders. They will also let you know about your candidature for the loan within hours, as experts with such lenders can tell by looking at the online details that you will get the loan or not. This allows you to file another quick application after making amendments as advised to you. This is helpful for bad credit borrowers who are suspicious about their eligibility for a loan. Generally, you can know if you will get the loan or not without actually faxing various business related documents, just on the basis of the details provided to the lenders. Of course, when you are approved, you will be faxing the documents to the lenders.

You can borrow such loans in secured or unsecured options. The secured loan for business people consists of low rate of interest on any greater amount, depending on value of collateral. Such a greater amount can also be easily repaid as per your convenience in 5 to 30 years. The unsecured no hassle business loans are without collateral and small amount of say up to 25000 is given for short-repayment duration of up to 15 years.

Online way of borrowing loans for business is cheaper also. Due to competitive loan market place, you can borrow money at lower rates and lower fee charges. Thus it can be said that no hassle business loans are an easier way to finding money for business purposes.

Wednesday, July 4, 2012

Facts On Military Bad Credit Consolidation Loans

Debt consolidation is a good way to get debt under control and it is not only for former students with many student loans. Military personnel with a number of pesky debts can get them all rolled into one. Having a lot of little loans, or even a few large ones, can be a monthly debt management nightmare.

Risky Nightmare

You have multiple payments, all due on different days with different amounts, and all with different interest rates. What a bother! Every month you risk getting a late fee tacked on, or missing a payment completely. Money management is so much easier and far less risky if you have one payment to one lender with a military bad credit debt consolidation loan. And your monthly payment will probably be a lot less than the sum paid on all your former debt.

Credit Correction

Other good things can come from loan consolidation. It produces an immediate upward movement for your credit scores. Instead of having multiple lenders, you have just one. That is a lot nicer looking to credit checkers. Also, if you do automatic payments to that single account, you lose the risk of being charged late fees or missing any payments. That provides another boost to your credit scores.

Many Lenders

Traditional lenders such as banks and credit unions have tightened up their lending practices since the big bust at the end of the last decade. Many folks with bad credit cannot get loans. Even borrowers with good credit have trouble landing a loan. Seeing a growing market, private lenders have stepped in and now there are many lenders willing to extend military bad credit consolidation loans. Most of these lenders have set up shop on the internet, making shopping for a loan much easier for the borrower. Just punch your web browser with this key phrase: bad credit military consolidation loan. You will be immediately shown a large number of lenders willing to give military members loans.

Easy Application

Online credit applications are easy to fill out and approval can be had within 24 hours, sometimes sooner. Be sure you have all your documentation handy. You will need bona fide government identification, a checking account with direct deposit, proof of service and salary, and proof of residency. Just be sure the site where you divulge your personal and financial information is secure and be sure to check the reputation of your lender. The online Better Business Bureau listings would be a good place to start.

Soldiers and Sailors Relief Act

Even if service members have bad credit, the Soldiers and Sailors Relief Act dictates that they are allowed lower interest rates on personal loans for debt relief. The amount of reduction can be as much as six percent off the original interest of the loan. This act was made into law because of the essential service military men and women make to the nation. Lenders must comply. You will also find lenders who specialize in making loans to military personnel so there is no confusion over interest rates.

You Deserve It

Your military service should allow you to get a decent bad credit military debt consolidation loan. Take advantage of it to get a handle on your debt and be debt free in the shortest time possible.

Tuesday, July 3, 2012

Advantages And Disadvantages of Buying Certified Pre-Owned BMW

When looking to shop for a BMW, there's ton of decisions to be considered. Apart from choosing what model of BMW to purchase, one should decide on a price range as well. Your budget for the purchase will find out whether to buy a new car or else a used car. The used car market is again divided in 2: certified pre-owned BMWs and simply used BMWs for sale.

It is essential to learn the difference between certified pre-owned vehicles plus used vehicles for sales. Understanding this difference is a good idea in much better selection making in a significantly essential purchase, for instance a car; especially when thinking about shopping for an expensive brand such as a BMW. Certified pre-owned and simply used BMWs have their pro and cons. These needs to be evaluated as well as weighed very carefully to make an educated buying decision.

Used BMWs for Sale

A used car, be it a BMW or any other make, is really what it looks like. It's a car which has been used by one or more than one person. These cars can be sold by individuals who previously held them; independent used car dealers and moreover specific brand dealers for used cars. If hunting for a used BMW for sale, it's better check out local classified ads, craigslist postings, or visit a BMW dealership near you.

Certified Pre-Owned BMWs for Sale

A certified pre-owned car is a used car, which goes through a detailed verification and also certification program by the manufacturer of the car prior to it is put for sale. To get a tag of "certified pre-owned", a car goes through lots of tests and also vigorous assessments to make sure that it is in best condition for its age and mileage covered. On passing the certification process, the car is given an extended warranty, as well as is all set for sale. In case, for whatever reason the car is not up to the mark in any area, it is sent to get fixed and so conditioned bringing it up to certification benchmarks. If looking for a certified pre-owned BMW for sale, check out local brand specific dealers plus used car dealers.

As with any selection, choosing whether to get a typical used car or a certified pre-owned car features its own pros and cons. It is best that one weighs these advantages and disadvantages to consider which alternate is a better purchase choice.

Benefits and drawbacks of Certified Pre-Owned Cars:

* These cars come with a manufacturer's certification and even assurance that the rigorous inspection has taken place, and that the car has passed the battery of tests.

* These cars will be very well serviced and detail cleaned just before put up for sale.

* Additional services like oil changes, roadside assistance, and so on will be given.

* Dealers will offer loans options.

* Additional mileage and an extended warranty by the manufacturer and/or the dealer are provided.

* Certified pre-owned cars will surely cost much more than their regular used car counterparts.

* Negotiation on rates will be restricted.

* Maintenance plus repair costs could come out lower.

* The dealer is held accountable for any kind of difficulties regarding the condition of the car.

Benefits and drawbacks of Regular Used Cars:

* Such cars do not come with any type of a certification, thus there's a specific amount of risk associated with the purchase.

* Such cars can look fine on the outside though might have interior problems which may go unreported.

* Additional services are a not part of the purchase deal.

* Extended warranty from the manufacturer or dealer is not offered.

* Prices for these cars might come out less expensive.

* Negotiations for an affordable price may be easily carried out with an independent party.

* Liability is of the buyer in case of any maintenance or repair issues.

Choosing whether to purchase a used BMW for sale or else chose from the certified pre-owned BMWs available for sale could made easier through weighing the pros and disadvantages listed above. In any case, if driving with enthusiasm and in luxury is exactly what you expect, BMW certified used cars should be on the top of your list.

Sunday, July 1, 2012

David Ogilvy - The "Father of Modern Advertising"

David Ogilvy is considered to be the "father of modern advertising." His methodologies and professional philosophies revolutionized the marketing industry, and they continue to play an important role in the marketing industry today. The foundation of his marketing principles was comprised of four major components: research, creative brilliance, professional discipline, and results. These components are incredibly important to look at and very helpful to owners of businesses - large and small.
Research is one of the cornerstones of the Ogilvy's marketing success. This is because his background was in research, and this is what he knew. David Ogilvy felt that the success of any marketing campaign was dependent on the amount and quality of research that the marketing professional did. He felt that it was very important to know the target demographic that you were trying to reach before you started working on the advertising campaign. Do you invest a lot into researching tactics and products that are offered by your competitors? It's something to consider and think about...
Professional Discipline
Professional discipline was another cornerstone of Ogilvy's marketing philosophy. This element of his philosophy put a great deal of stock in the importance of professional training. Ogilvy felt that knowing your craft was as important to a successful marketing campaign as the creative aspects of the campaign's design. Again, this is one of those points where it's good to do some self-evaluation. Are you well-versed and skilled in your profession? Are there some things that you should brush up on in order to make you more effective and valuable to your customers and clients?
Creative Brilliance
Another important element of the Ogilvy marketing machine was creative brilliance. Ogilvy felt that generating the Big Idea" was key to the success of a marketing firm, and a marketing campaign. Ogilvy himself was credited with several "Big Ideas" during his career including the slogan, "at 60 miles an hour the loudest noise in this new Rolls-Royce comes from the electric clock" and many, many more.
The final element of Ogilvy's successful marketing philosophy was results. He felt that creative genius was basically useless if you couldn't sell your ideas afterward. This means that successful marketing executives not only needed to be creative professionals, but they also needed to be able to sell themselves and their ideas to their clients. Are you seeing results from your efforts? Do you have metrics in place to measure the effectiveness of your marketing strategies?
Learning More About David Ogilvy
During his life David Ogilvy wrote three books on marketing and his marketing philosophy. These books included "Confessions of an Advertising Man" published in 1963, "Blood, Brains & Beer" published in 1974 and "Ogilvy on Advertising." All of these books are great reference materials for marketing professionals and small business owners.
David Ogilvy's strategies are ones that we try to employ daily at CCA. We work hard to research new business avenues, refine our customer service, sharpen our design skills, improve our websites, and create useful tools for our clients. We are a results driven company. How do we measure results? We measure them in the number of happy, satisfied customers. We aim to please every customer that orders business cards from our company.