Avoid Debt – Advice on avoiding debt & bad credit issues

Three Reasons to Learn Forex Trading Before Investing

May 14, 2011 by · Leave a Comment 

Almost 70% of people who have invested in the Forex market tend to lose it at regular intervals. The reason why the remaining 30% instead profit from their investment due to studying the Forex market before making a trade.

Here are a few reasons why a Forex webtrader should study the Forex market before investing:

#1: Education – A way of life

Almost every profession today requires a person to study a course related to that profession before attempting to make his or her living from it. And this is no different with the Forex market. Since this is market is complex, it is a must that you have to do your homework (which includes study, of course) before making any investments.

#2: The more you study, the more money you will make

With the Forex market known to be more profitable than the stock market, there are trends that you can follow closely, and make money from. In addition, finding an authentic source of Forex signals can help you, but the truth is that these tips don’t come often. Most of the money that you will make will come from being able to predict the fall and rise of currency values by using the tools that are used by everyone else in Forex investments.

#3: It’s easier than ever to learn Forex trading

Before the internet became a factor in the Forex market, it was very difficult for the average man to pick up the basics of the Forex market as quickly as it is possible today. Not only can you learn the ropes from the forex expert but you can also supplement your learning with the numerous courses, books and videos that are out there.

What You Need to Know About Credit Cards For People With Bad Credit

May 13, 2011 by · Leave a Comment 

Statistics reveal that while Minnesota and Dakota are states that have the best average credit scores (around 720) the worst credit score average belongs to Nevada.

Why is this?

According to experts, low cost housing is a significant factor that determines these good and poor scores and which also results in lower rates of foreclosures as well.

Most people will agree that with a bad credit score, it becomes really difficult to get the best loans and rates that those with an excellent credit score get, and thus consider consistent credit monitoring to be vital to getting back on your feet financially. If you make your payments on time and spend money in a disciplined manner, you can be sure that it will take at least a year to revise your FICO credit ratings again.

While there are organizations that help you to deal with this, there are lenders who will provide you with loans and credit cards for people with bad credit. And here is a list of lenders that you can possible try to obtain credit from in the form of credit cards or even bad credit payday loans:

#1: Smaller retail stores

While the bigger players might not give you that second chance, these smaller companies might. All you have to do is use the credit card to make small purchases and pay the minimum amount on time.

#2: Your friend or family member might help

If you are really stuck with bad ratings, then asking a friend or a family for assistance by co-signing for a credit card might work. Of course, this will only stand provided they have good credit.

#3: Secured Credit Cards

If you can’t use any of these options, then a secured credit card might help as you will have to open a savings account as security. The bank will then decide what percentage of your deposit will be the credit line that you receive.

How to Accept Credit Card Payments Easily and Securely

May 12, 2011 by · Leave a Comment 

With the latest rage being mobile payment apps, merchants are raving about being able to accept credit card payments anywhere and anytime, whether key-entered or card-swiped. Minimum fuss and maximum speed is what this service can do.

Before accepting advanced payment solutions such as this, getting a merchant account in line with your needs is the first step.

Here are three factors that will help you decide which merchant service is best for you (and help you accept payments with ease):

#1: Customizable Payment Solutions

Not all your customers will use the same method of payment. If you are running an online business, customers from all over the world will use payment methods that span credit, debit and prepaid cards among several other types. Your success lies in not only accepting credit cards online but in being able to sign up for a merchant account that provides you with this kind of variety.

#2: Competitive rates and fees

Well, there’s no doubt that you are in business to make profits, and it will not help if you are charged the highest rates for every transaction apart from paying a substantial amount in fees to the merchant service. Taking these facts and figures into account can also help you decide which merchant service suits your business best.

#3: State-of-the-art equipment

Imagine a situation when you have several customers lined up to make payments at your store, and your POS terminal does not work. To say the least, this experience is just as embarrassing for those who have to process credit cards online. So find a merchant service that will offer you equipment that uses the latest technology and above all is reliable.


May 11, 2011 by · Leave a Comment 

The present economic condition prevailing in the country has resulted in the debt crisis escalating to disturbing proportions. Many people are faced with the question of how to settle their credit. Filing for bankruptcy is one of the available options. These are some facts on Chapter 7 Bankruptcy.

It is the most commonly filed bankruptcy petition and is available to individuals, married couples, partnerships and corporations.

Income and expenses are examined for a “means test” to determine if you are eligible to file a petition.

The petition needs to be filed in court along with schedules and statement of financial affairs. An “automatic stay” is imposed on creditors prohibiting them from calling you or filing action against you while the proceedings are going on.

Discussions will be held with the creditors to discuss whether the debt should be discharged or if the debtor wants to reaffirm the debt.

Once the decisions are made, the duly appointed Trustee will liquidate non exempt properties and distribute proceeds among creditors. Essential properties including residence and social security and unemployment benefits fall within the ambit of exempt property which cannot be liquidated to settle creditors.