Displaying 1 - 10 of 10 entries.

Can You Buy a Home After Bankruptcy?

  • Posted on November 17, 2013 at 2:51 am

aaaeMany individuals that just filed a bankruptcy, rather it’s chapter seven or 13, may ask themselves if they are going to be able to buy a home. The answer is yes, it is possible to purchase a home after a bankruptcy. There are a few things that one must know before they start trying.

There are several types of loan options available to help those purchase a home after a bankruptcy has been filed. Many of the loan options are going to require that the individuals wait a period of time before they will be qualified. They will have to rebuild their credit and show some consistency with making payments on time. View lendingexpertblog.com for tips on rebuilding your credit.

In order to rebuild credit, credit card companies will help give out credit to those that just filed bankruptcy. Some will even give you a credit card shortly afterwards. If for some reason they won’t, there are secured credit card options available. Secured credit cards are a great way to open a new account. With a new account, it should maintain a very low balance and be paid off monthly to increase credit score ratings. Having a bank account is also going to help. Anything on a credit report, after bankruptcy, should show consistency of making payments and having an account open for over a year. This is going to help get a home loan approved.

Generally, most home loans will not be given until 24 months after the bankruptcy has been discharged. This is a great goal to look forward too. The individuals will need to save up money for a down payment and closing costs, if needed. Interest rates may be higher for these loans. However, over time, they can be looked at to see if the interest rate can be lower.

Depending on the type of loan, and how much of a loan is needed, is going to determine the requirements that will be needed from the individuals applying. It’s important to check out multiple options and what will work best to get the home purchased. Most of the home loans, for those with bankruptcy on record, will require that the individual(s) also have a credit score over 630 to qualify. Others may want this score to be higher. There are going to be different factors that will be looked at. The great thing to know is that it is possible to purchase a home after a bankruptcy.


How to file for an extension of time to file your taxes

  • Posted on September 13, 2013 at 12:22 am

ueThe day to file your taxes is swiftly approaching as you realize that you are not prepared in the slightest. Fortunately, you are allowed to request an IRS extension if you intend to file your taxes late. There are several crucial steps you must follow if this is your goal. For extra advice, visit TurboTax.

If you are an individual, not a business, you may request a six month extension for filing. This requires you to submit a special form called an Application for Automatic Extension of Time to File US Individual Income Tax Return. It is also known as Form 4868. In order to receive this extension, you must file the paperwork before the due date for filing your taxes. This date is typically April 15, unless it falls on a weekend or holiday.

There are special rules for individuals in other circumstances. For instance, citizens currently living outside the United States or currently serving in a combat zone may have different rules for applying for an extension. It is essential to keep in touch with the IRS if you find yourself in any situation where you are away from home when your extension expires.

You should be aware that an extension to file your taxes does not entitle you to an extension for paying them. Even though you do not have to file until October, you are still expected to pay in April. If you do not pay by the regular deadline, you may be forced to pay a penalty fee. Some tax payers are eligible to apply for a waiver that will put off the fees.

It is reasonable that you need more time to file your taxes. Life events may cause you to miss an important deadline. If you follow each step exactly, you are much more likely to receive your extension.


Some Common Requirements In The Finance Industry

  • Posted on August 7, 2013 at 4:45 am

More than ever, people are seeking jobs having long-term stability. The job market is always in flux, and people want a job that is secure. A person looking for a career that has stability and a chance to move up should consider a career in finance. Like many industries there are many levels to get into this specific line of work.


In the world of finance the basic position is a customer service representative. In the finance world this usually translates to banking, and in banking a customer service representative is commonly called a bank teller. The qualifications for this type of entry-level job are fairly straight forward. Banks do an extensive background check, so a person applying for this type of job needs to have a clean background. Another quality banks look for in this position are people having a background in customer service. A person working as a bank teller has extensive contact with the public, and needs to answer questions while helping with various transactions.

The next level of a job in finance is typically a loan officer. This job is typically filled by somebody that has worked for a period of time as a bank teller, or is a lateral move by somebody that has worked as a loan officer at another bank or lending institution. The qualifications for this type of position is having and understanding of the loan process, and the ability to communicate with a broad spectrum of the public.

The next level of job in a finance or banking position is management. The qualifications for this job are extensive. The manager of a bank branch needs the ability to perform all the jobs in the branch. Many times a lending institution requires a person applying for this position have a college degree, and have a background in finance.

A person searching for a rewarding career should consider the merits of the finance world. The jobs in this industry are stable, and there is lots of room for personal growth.

What To Look For When Checking Out Online Loans

  • Posted on July 15, 2013 at 11:18 am

These days, people use the Internet for their finances and to better their lives. One of the ways people are bettering their lives is the ability to find loans online. If a person is searching for an online loan they need to keep a few things in mind.

Applying for a loan over the Internet is easier than ever. When applying for an online loan a person should apply with finance companies they have dealt with before. A person having a good payment record with a specific loan company will have an easier time getting a loan. Many times a company keeps a prior client’s information. This can help streamline the loan application process.

A person that has not applied for a loan in the past can find many online loan companies. These companies often have extensive websites that can offer a person information about online loans, and some of the requirements for obtaining a loan.

The most common type of loans people seek over the Internet is a personal loan. The loan requirements for this type of loan vary. Most online loan companies need a person to fill out an online application. Once a person fills out the application the online loan company will go over the application.

Online loan companies typically have certain requirements for a person to quality for a loan. One of the first things they do is pull a person’s credit from a credit reporting company. They will take a hard look at a person’s past credit. They will check to see if a person has any negative credit problems. They will also take a look at a person’s favorable credit history. Other requirements for the loan may include a minimum monthly income, time on a job, time at the current address, Etc. Once approved the loan company will contact the customer. The customer can receive the loans proceeds via an online transfer to their bank, or have a check sent to them.

People that need a loan have many choices at their disposal. One of the fastest ways to get a loan is to check around to some of the loans available online. Many times a person can get a loan approval quicker online, and that is what matters most to a person needing a loan.

Why Invest In The Health Care Industry?

  • Posted on June 27, 2013 at 4:35 pm

There are all kinds of avenues offering investment opportunities, but it seems as though none of them are sure fire options. So how do you make the most out of the money that you are investing these days? You should look for what are the most likely paths to a rise in productivity and demand. The health care industry is an excellent example of this.


This is a good option for you to invest for a number of different reasons. The first thing that you need to consider about choosing this route is that this is something that is being used each and every day. When you consider the impact of the health care industry all across the country, this is a booming industry and big business.

The recent climate and speaking of national health care plans is another reason to consider investing in health care stocks. With this approach, more and more people are going to be looking to get medicine, use medical machines and similar things like this. Depending on the specific nature of your investment, in a long term outlook someone could stand to make a lot of money.

Even with a slow gain approach, the unlikelihood of loss on the stock could be a draw in itself. With this new plan for universal health care, the probability of a decline in the majority of health care stocks is quite a long shot. Most people project that the big industries making the majority of products for hospitals and clinics should increase considerably, and these are certainly investments to consider for yourself.

Based on general consensus of those who analyze stocks for a living, there are a few specific areas that a new investor should consider backing. The first would be pharmaceutical companies. For one, these are generally good investments because people need medication. Choose strong brand names and popular treatment option providers to gather your own information about the best stock investment.

Additionally, biotech companies are also going to be a sound investment according to numerous sources. These are the companies that are painstakingly working around the clock to defeat thorns in the world’s side like cancer and other serious medical conditions. Not only this, but they are also the home base of operations for a lot of new drugs that will be coming out over the next few years. Based on the success of any of these, someone with a sound investment could stand to make quite a nice return.

How Do Restaurants Manage Their Finances?

  • Posted on May 7, 2013 at 11:04 pm

Restaurants are hard to budget for their entire income is based on sales. In order for restaurants to manage their finances they have to keep track of every food and beverage sale that they make on a daily basis. This will help the restaurant to be able to track how many customers they served, how much they paid to staff, and help predict future sales.


Now that they have figured out what sales they have made on a daily basis, they also have to figure out what money is going out. This would include bills such as rent or mortgage, utilities, food, supplies, and payroll. To budget this correctly they use a form called cash flow. Cash flow means that they will compare what money goes out compared to what money comes in. By figuring it daily, they will also see how it is at the end of each week, and at the end of each month.

One thing to focus on is staff. Restaurants have to be very careful on how staff is scheduled for they want to have enough there on hand but also don’t want to be spending extra money on payroll if they do not have too. By keeping records, they will be able to know what seasons they are more likely to be busier and what days of the week they need more staff. This will help ensure they are not spending to much on payroll and that the customers are still satisfied with great customer service. This will also reduce any risks of employees getting a bunch of overtime which will then cost the restaurant to have to pay time and a half whereas they would have just paid regular wages to another employee that doesn’t have as many hours for the week.

Another money factor for restaurants is how much they spend on food. If they purchase too much then the food will go to waste and have to be thrown out whereas if they don’t purchase enough they will lose money on potential sales. It is best to try to order enough for the week compared to trying to have food for a couple of weeks. By getting in good with a food distributor they will be able to save money and get better deals by ordering what’s needed.


Finding Great Gifts For Less

  • Posted on April 22, 2013 at 2:33 pm

It’s the thought that counts when gift giving, but the question of where to find good gifts when you’re low on funds can be a tough one. There are places, ideas and options for less expensive gifts that still convey the love and deep feeling we have for those in our lives. Some ideas will be obvious, while others wouldn’t immediately jump out and may involve creativity.


If the arts, using your hands to create something, is for you, think about buying the raw materials to make a piece of jewelry or a heavily decorated memory box for big sister. Bags of tiny, inexpensive crystals and colorful plastic gems can be found in many craft stores. Use your own imagination to create a piece of unique jewelry or pattern it after something seen in a magazine. Creativity is priceless when making a gift. There’s no need to go in search of a gift that will empty the bank account when there’s far more imaginative solutions, ideas that will leave a lasting impression on your friend or loved one.

Making a Scrapbook is another take on being creative. Fill the pages with tickets from concerts, locks of hair, small keepsakes and more. A scrapbook is a treasure of memories and unique events, forever storing those good times between each page. Modern scrapbooks come in many forms now, from a physical book to a DVD full of precious moments. It’s a subjective matter, but a physical book could be considered the superior form as we are tactile people, always loving to nudge a memory with a touch or smell.

Where to find good gifts when you’re low on funds doesn’t have to be an impossible challenge, even if you have neither the desire nor ability to be creative. Many budget stores exist to provide essential products to folk low on cash. Such stores provide every item at a set price or simply at a highly affordable price point. Thrift stores deliver a similar service, items of clothing, electronics, luggage and more available for incredibly affordable prices. The single disadvantage might be that the items have been used, but, with a little sorting through the products, you can find barely used items for very low prices.

A little imagination and resourcefulness goes a long way in solving the question of where to find good gifts when you’re low on funds.

Why You Have To Pay Taxes For Your Finances

  • Posted on March 11, 2013 at 1:23 pm

When its time for you to get ready to pay your taxes and those forms begin to come in, things can get a little scary. There have been times where you may have wondered why you have to pay taxes for you finances, but in order to know that, you need to know why do you have to pay taxes at all. Being an American in the United States, you know that the country has very big budget to cover. Citizens have to pay for things like roads, schools, transportation, hospitals, government employees, the military system, or national parks.

The only way for the government to get money for these things is to get it from people and companies. This process is known as income tax. When the government taxes your income, it pays for things that you will need to function in society. The President along with Congress, are responsible for writing and approving all tax laws, while the IRS (Internal Service Revenue), is responsible for enforcing those tax laws. The IRS is also responsible for collecting taxes, processing tax returns, issuing tax refunds, and turning over money the collected to the US Treasury.

Everyone is subject to income tax and you are taxed on your income as well, on any type of income that you have earned through work or investments. Income includes wages, dividends, interest, profits on investments, and pensions you may receive. However, gifts are not included as taxable income. Examples of items that are considered as gifts include things like inheritances or scholarships.

Taxes are done all out of fairness which is the main motivation of tax benefits. Tax benefits allows Congress to award people for making certain types of decisions. You also have to keep in mind that taxes are progressive, which means that, individuals who earn a lot of money are taxed at higher rates compared to those that get paid less who get taxed at lower rates. This also means that your tax rate will change, depending on how much you made for that year.

This means that the income tax system is voluntary, and you are free to arrange your own financial affairs in a way that will be effective enough to take advantage of tax benefits. The point of being voluntary is not to exclude you from your tax laws, allows you to carefully manage your finances, so that you can minimize your taxes overall.

How To Qualify For Tax Extension Even If Late

  • Posted on February 20, 2013 at 4:19 pm

If you find yourself behind falling behind with filing your taxes, you can get a tax extension to give you a little extra time to complete them. The extension services are available to all taxpayers that fail to submit their tax returns to the IRS before the deadline. Individuals that receive a tax extension will be given an extra 6 months to file and mail their tax return. There are many types of extensions available depending on the type of taxpayer and the dates can vary, depending on the form.

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In order to qualify for a tax extension even if you are late, you must fill out a called Form 4868, which gives automatic extension time to all taxpayers. Filling out this form ahead of time will allow you to extend other income tax forms as well, such as the 1040, 1040A, and the 1040EZ. Another tax form known as Form 7004, allows a time frame extension for business taxpayers.

Form 4868 must be filled out and received by the IRS, on or before April the 15, which is also the deadline for all of the individual income tax forms. The only time that the IRS will accept a Form 4868 after the April 16 deadline, is when the postmark clearly shows that the form was mailed on or before that deadline. Once this is done, taxpayers will be qualified and allowed to pay their no later than October 15 without receiving any penalty.

The 7004 form must be received by mail no later than March 15, unless the postmark shows that it was sent on or before its deadline as well. This will give all late business taxpayers an extension until Sept 15, to successfully file their taxes. However, this will not be the case, if business taxpayers fill out forms 1065, 8804, or 1041, which will allow them an additional five months or until the 15 of August.

Although filling out theses forms will allow taxpayers more time to file for their taxes, they will not extend the date for income tax payments that are due. If your tax return shows that you own money to the IRS, it still must be paid on or before the tax deadline. There are a few ways a payment can be sent to the IRS, including, visiting their online website and by mailing a check or money order to them with your extension form included.

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Ways You Can Manage Your Finances

  • Posted on August 9, 2012 at 4:49 am


Aside from financial experts everyone wants to discover ways in which they can better manage their finances. Although it seems complicated, managing money is very straightforward. In order to do so you need to establish a budget, spend wisely, begin building your savings and make smart investments (for those looking to invest). You do not want to be one of the many Americans deep in credit card debt who have to be on edge every day just to keep their heads above water. Use software like ones from smartasset.com to help you make financial decisions and budget correctly. Below are a few ways to start managing your finances.

The first step to take is establishing a budget and staying within that budget. To begin establishing a budget keep track of all your expenses for one month. After that month write down what you spend and categorize these expenses. Next, write down your actual monthly budget and voila, there you have it.

Secondly, you have to change your spending habits. Those who spend wisely will always have financial stability. In order to spend your money the right way you have to consider certain things such as:

When you have extra money pay more on your home or another bill.
Use your credit card as if it were cash.
Spend only what you have.
If you can rent/borrow instead of purchasing, do so.

Third, you have to start building your savings. The last thing anyone wants is to not have savings in case of an emergency. In order to start building your savings you can start by setting aside expendable money monthly. This extra money set aside should go towards retirement, an emergency fund and paying off debts.

Lastly for those who want to invest make smart investments. In order to make smart investments familiarize yourself with your options and do your research before making an investment. Consulting with an expert is also a good idea.

Overall, there are many ways to manage your finances. Establishing a budget, changing your spending habits, building your savings and making smart investments are the essential steps to manage your money. Before you know it your finances will be organized and you will have money to spend on luxuries such as a kitchen remodel or a nice vacation. In addition, learning ways to manage your finances will help you get out of debt or avoid debt altogether. Managing money is easy as long as you have a plan and stick to it.