A lot of credit card issuers offer instant approval simply by submitting an application online. If you would like to have a credit card or it is your first time to apply, the prospect of being "instantly approved" will surely be appealing. Nevertheless, just before you fill out your online application, read on the rest of this article to avoid being misled by false ideas on credit cards with instant approval.
The Name Can Be Misleading Some consumers have the false idea that credit cards with instant approval does not involve any waiting time at all. But is that really what the term "instant" mean? Can you expect to get your credit card and use it on the same day you submitted your application? The answer is no.
You may ask, what does the term "instant approval" really imply? The truth is that getting approved instantly only suggests that a potential cardholder can get approved more quickly than the traditional method of application.
As soon as the application has been submitted online, the applicant's credit history will be screened though an online system. This is why a response can be expected within the same day or only a few minutes after clicking the submit button.
Nevertheless, getting approved is still subject to the credit card company's conditions and credit rating standards. For instance, some issuers will strictly demand for good or average credit score to get approved.
Once approved however, the actual processing may take from 4 to 7 business days. During this time, the applicant's background will further be reviewed to make sure that he/she is able to meet the issuer's qualifications. Afterwards, the credit card will be sent through postal mail to the customer's billing address.
When the consumer receives the credit card, he/she must call up the credit company and go through the telephone verification process before the account can be activated. Once active, that's the time the cardholder can use his/her card for transactions.
Instant Approval Credit Cards for Bad Credit Yes, the promise of getting an instant approval" can sometimes be deceiving, if you are not aware of the procedures. This is why consumers are strongly advised to take the extra time to do research about the credit card company's guidelines prior to submission.
Another important step is to check the status of your credit history from each of the three credit reporting agencies. In case you have bad credit, try to look for credit cards that offer instant approval for consumers with imperfect credit rating. This way, unnecessary rejection can be avoided since it can inflict more damage to your credit score.
Tuesday, October 30, 2012
Friday, October 26, 2012
Business Idea With The Bank Bin Database
Even if you are not the owner of a retail store or a virtual online store, you could initiate a successful business using the bank bin database system. With a little determination and with a smart management strategy, you could offer bin database services to potential customers. Let us see a simple business plan for a bin database listing business.
1. Buy the bin database software
While the bank bin database program is both available in the bin database download and online version, buying the program is mandatory for you. Therefore, buy the bin range database program, and use the bin database check feature to familiarize yourself with the features of the program. At the same time, start developing your site offering bin database and bin search services.
2. Attracting the clients
Search the blogs and forums to find online stores and businesses that had problems with bankcard frauds and scams. While this operation is time consuming, it is not that hard. Find the clients that had to request chargeback for their operations, and see what sites are the preferred targets of internet pirates. Make a list of those sites, as they are the potential clients of your bin database program.
3. Presenting the advantages of the bin database search program
Don't rush to make offers to those sites just yet. In order to use the bin database table for offering services to your potential clients, you will have to prove that your service is reliable. This is why you need the quality of Cards Processor Authorized site. Only if you have this quality, your clients would trust to offer you the bank details of their customer for processing. We must tell you that this process is not easy. For example, if you want to offer bin database Amex services, you will have to be certified by American Express. The same certification is needed for bin database MasterCard services. Obtain those certifications, and state this quality of your service in your offer.
4. Customizing your offer
Create a draft with your offer. Do not forget to mention that you offer bin database American express, and bin database validation services, as well as visa card bin database operations. You can also offer bin database free services at start, so the clients would understand the reliability of this service. Entrepreneurs that tried to sell the bin database credit card services in the past were more than happy about the incomes, and even if obtaining the quality of card bin database processor is hard, the clients are more than happy about buying those services.
If you are able to initiate a bin database bank service of this kind, you will be like an affiliate service for the bin database bank identification numbers main site. Therefore, before offering services of this kind, you must be sure that your bin database bin search provider is reliable. Once you have that provider, you could also ask the customer service representatives of that site about initiating your affiliate business, as they usually are more than willing to help you.
1. Buy the bin database software
While the bank bin database program is both available in the bin database download and online version, buying the program is mandatory for you. Therefore, buy the bin range database program, and use the bin database check feature to familiarize yourself with the features of the program. At the same time, start developing your site offering bin database and bin search services.
2. Attracting the clients
Search the blogs and forums to find online stores and businesses that had problems with bankcard frauds and scams. While this operation is time consuming, it is not that hard. Find the clients that had to request chargeback for their operations, and see what sites are the preferred targets of internet pirates. Make a list of those sites, as they are the potential clients of your bin database program.
3. Presenting the advantages of the bin database search program
Don't rush to make offers to those sites just yet. In order to use the bin database table for offering services to your potential clients, you will have to prove that your service is reliable. This is why you need the quality of Cards Processor Authorized site. Only if you have this quality, your clients would trust to offer you the bank details of their customer for processing. We must tell you that this process is not easy. For example, if you want to offer bin database Amex services, you will have to be certified by American Express. The same certification is needed for bin database MasterCard services. Obtain those certifications, and state this quality of your service in your offer.
4. Customizing your offer
Create a draft with your offer. Do not forget to mention that you offer bin database American express, and bin database validation services, as well as visa card bin database operations. You can also offer bin database free services at start, so the clients would understand the reliability of this service. Entrepreneurs that tried to sell the bin database credit card services in the past were more than happy about the incomes, and even if obtaining the quality of card bin database processor is hard, the clients are more than happy about buying those services.
If you are able to initiate a bin database bank service of this kind, you will be like an affiliate service for the bin database bank identification numbers main site. Therefore, before offering services of this kind, you must be sure that your bin database bin search provider is reliable. Once you have that provider, you could also ask the customer service representatives of that site about initiating your affiliate business, as they usually are more than willing to help you.
Saturday, October 20, 2012
Direct Market Access Cfd Brokers: Do They Hedge Each Trade To The Market?
One of the pressing discussions in the trading market for Contracts for Difference is about the Direct Market Access CFD Broker or the Market Maker Broker. Today we'll take a look at the Direct Market Access CFD model and try to understand whether or not they hedge your trades directly into the market.
What do you mean by Direct Market Access (DMA) broker? How is Direct Market Access (DMA) broker defined?
A DMA CFD broker is a broker that allows you to place your trades directly into the underlying market without intervening in any way with that order. The use of the DMA Model provides transparency in the orders and you can be sure of what's going on as you can see all things in the market. Market Maker CFD broker serves as the alternative where they create the market for each of the many products they offer.
Normally a Market Maker broker 'mirrors' the underlying market and this only means that they will quote you prices that replicate the underlying stock you're trading but may requote you and offer any price they prefer.
Do DMA CFD Brokers really hedge orders into the market?
To explain it, hedging in this situation is that act when you have to put an order for let's say ,000 BHP and the broker gets into the share market to buy at the same amount exactly. Therefore, in this situation your CFD broker bought exactly ,000 BHP the exact same time you did. As a general rule (I haven't know of a DMA broker not doing this), your DMA CFD broker will always hedge 100% of your order directly into the market.
This makes way for your peace of mind knowing that your CFD broker will not be making money while you lose and losing as you win like what a lot of people suggest happens in a Market Maker model. The DMA broker instead only makes money through the brokerage they charge and the overnight finance too. Take note that day traders don't pay for overnight finance given that they close their position each time before trading is done. This differs in brokers but most often it is 5pm New York time.
What do you mean by Direct Market Access (DMA) broker? How is Direct Market Access (DMA) broker defined?
A DMA CFD broker is a broker that allows you to place your trades directly into the underlying market without intervening in any way with that order. The use of the DMA Model provides transparency in the orders and you can be sure of what's going on as you can see all things in the market. Market Maker CFD broker serves as the alternative where they create the market for each of the many products they offer.
Normally a Market Maker broker 'mirrors' the underlying market and this only means that they will quote you prices that replicate the underlying stock you're trading but may requote you and offer any price they prefer.
Do DMA CFD Brokers really hedge orders into the market?
To explain it, hedging in this situation is that act when you have to put an order for let's say ,000 BHP and the broker gets into the share market to buy at the same amount exactly. Therefore, in this situation your CFD broker bought exactly ,000 BHP the exact same time you did. As a general rule (I haven't know of a DMA broker not doing this), your DMA CFD broker will always hedge 100% of your order directly into the market.
This makes way for your peace of mind knowing that your CFD broker will not be making money while you lose and losing as you win like what a lot of people suggest happens in a Market Maker model. The DMA broker instead only makes money through the brokerage they charge and the overnight finance too. Take note that day traders don't pay for overnight finance given that they close their position each time before trading is done. This differs in brokers but most often it is 5pm New York time.
Tuesday, October 16, 2012
David Montelongo Real Estate Investing Seminar
What a NewbieReal Estate Short Sale Tips
Here are some tips and significant details you need to know about real estate short sales and property flip transactions. When you have to sell something, you never get to sell it for as much as it's really worth. If you don't have to sell it or if you are not in a hurry to sell it, you can usually sell it for a lot more money. If you learn how to play between those two worlds, buying it at the distressed price and selling it at the arm's length value, the spread is where the investor can legitimately make their profit.
Now there are red flags and black flags for improper property flip transactions. The black flag is what kills the deal. The red flag means you need more information. You have to document something. You have to verify something. You have to address something and then that's when you can move on. When you are doing a back to back flip and a short sale, you are going to be paying attention to who is the owner of record. Well the owner of record is the person who is still in foreclosure because you the investor haven't quite bought it yet. You are in the process of being able to buy it and in the process of being able to sell it at the same time.
At least that's the way most short sale investors work, they want to buy it on Monday morning and they want to sell it before lunch on Monday. Or is this what everybody is trying to do? Buy and sell on the same day, make the spreads and go home. Another thing is that if the property seller, that means the investor who is selling the property, for purchase transactions, is not the owner of record means that they currently were not the owner of record. If the property seller for purchase transactions or the borrower for refinance transaction is not the owner of record, the seller must investigate the circumstances of the transaction to ensure that the transaction is legitimate.
When analyzing sales contracts and other documentation it is quite necessary to exercise due diligence. Here's what you can do regarding documenting the legitimacy of the transaction in your mortgage file. Get some pieces of paper including but not limited to the appraiser's analysis and conclusion in their report, a property sales history report. Look carefully for terms indicating that there's been an assignment or the sale of an interest or an option to acquire the property. Find it, document it, and make sure it all makes sense.
David Montelongo who was featured in A&Es hit reality show "Flip This House" is hitting the road to teach aspiring Real Estate investors How to Invest in Today's Market. Now he's coming to show you exactly how he made a fortune! Get more info on David Montelongo Real Estate Investing Seminar at
Here are some tips and significant details you need to know about real estate short sales and property flip transactions. When you have to sell something, you never get to sell it for as much as it's really worth. If you don't have to sell it or if you are not in a hurry to sell it, you can usually sell it for a lot more money. If you learn how to play between those two worlds, buying it at the distressed price and selling it at the arm's length value, the spread is where the investor can legitimately make their profit.
Now there are red flags and black flags for improper property flip transactions. The black flag is what kills the deal. The red flag means you need more information. You have to document something. You have to verify something. You have to address something and then that's when you can move on. When you are doing a back to back flip and a short sale, you are going to be paying attention to who is the owner of record. Well the owner of record is the person who is still in foreclosure because you the investor haven't quite bought it yet. You are in the process of being able to buy it and in the process of being able to sell it at the same time.
At least that's the way most short sale investors work, they want to buy it on Monday morning and they want to sell it before lunch on Monday. Or is this what everybody is trying to do? Buy and sell on the same day, make the spreads and go home. Another thing is that if the property seller, that means the investor who is selling the property, for purchase transactions, is not the owner of record means that they currently were not the owner of record. If the property seller for purchase transactions or the borrower for refinance transaction is not the owner of record, the seller must investigate the circumstances of the transaction to ensure that the transaction is legitimate.
When analyzing sales contracts and other documentation it is quite necessary to exercise due diligence. Here's what you can do regarding documenting the legitimacy of the transaction in your mortgage file. Get some pieces of paper including but not limited to the appraiser's analysis and conclusion in their report, a property sales history report. Look carefully for terms indicating that there's been an assignment or the sale of an interest or an option to acquire the property. Find it, document it, and make sure it all makes sense.
David Montelongo who was featured in A&Es hit reality show "Flip This House" is hitting the road to teach aspiring Real Estate investors How to Invest in Today's Market. Now he's coming to show you exactly how he made a fortune! Get more info on David Montelongo Real Estate Investing Seminar at
Sunday, October 14, 2012
Leasing Retail Space - Negotiating The Right Deal
Letter of Intent (LOI)
Retail space negotiations are complicated and time-consuming. Once you have located the retail space which is ideal for your business, the next step is to negotiate an agreement which protects you and is acceptable to the landlord. Industry practice for retail space is to negotiate a letter of intent before negotiating the lease.
Use an Attorney!
Engage an attorney to assist in the letter of intent negotiation. It probably seems that the letter of intent is informal and can easily be negotiated without an attorney. However, there are issues you should address in the letter of intent which may not be obvious if you have not previously negotiated letters of intent for retail.
Wow! This is Complicated
Common factors for a retail space letter of intent include: defining the parties (leasor and leasee aka landlord and tenant), defining the space, defining the rent including any percentage rent, defining the basis for calculating sales or net income if they are involved in calculating rent, the initial term, any renewal options, rent for renewal options period, the day at which lease payments commence, the date of occupancy, the condition of the space when the landlord provides it to the tenant, tenant improvement allowances provided by the landlord, who performs the tenant improvements, is the tenant required to use union labor for tenant improvements, is the tenant required to use a general contractor for tenant improvements (TI), who pays for the cost of the ADA compliance, who maintains what (i.e roof, HVAC, electrical, plumbing, etc), who pays which expenses, calculating the payment for CAM (common area maintenance), free rent, and identification of the broker and payment of the brokerage fee if relevant.
You Mean There is More!
Other issues which you may want to address in the letter of intent include expense escalations, co-tenancy issues, eminent domain, foreclosure, maintenance standards, definition of the amount of leaseable space, personal guarantees, purchase option, subleasing, required hours of operation, dedicated parking, who is responsible for obtaining variances related to signage and usage of the retail space, expansion options, first right of refusal, can the tenant keep the TI allowance not needed for construction, can the landlord relocate the tenant if the space is needed to accommodate another tenant, late payment fees, the mechanics of providing notice of default and any options for the tenant to cure the default, mechanics of dispute resolution between the landlord and tenant, and a right to terminate if your sales do not stabilize at a minimum level.
Complete LOI First
Complete and obtain an executed copy of the letter of intent before beginning on the lease agreement. The primary objective of the letter of intent is to negotiate and agree upon the business issues. The lease documents these agreements. Discuss fees to negotiate the lease with your attorney. Agree upon an hourly rate and estimate of the total fees. Agree the attorney will call if it appears the cost is going to exceed the estimate.
The following sections of the leasing retail space article focuses upon issues which merit commentary.
Percentage Rent
Percentage rent -- make sure the agreement regarding percentage rent is clear. If percentage rent is based on sales, define sales. For example, is sales-tax remitted to the city and state included in sales? It is even more difficult to define net profits, which is why most percentage rent leases are based upon sales instead of profits. Attempt to look at the definition of net profits from a detached perspective. If you gave the definition to a six grader, could they understand it?
Renewal Options
Renewal options -- tenants love them and landlords prefer to avoid them. In general, a larger number of shorter renewal options are better for the tenant. In addition, shorter notice periods to announce the tenants intend to renew are desirable for the tenant. Landlords prefer as much notice as possible regarding whether or not the tenet plans to renew.
Renewal Option Rental Rates
Renewal option rental rates -- tenants typically want fixed rental rates for renewal periods. Landlords typically want the rental rate based upon market rent. Agreeing upon market rents can be difficult and expensive. Reasonable people can disagree regarding the level for market rent for a retail space. For example, should the premium for an end-cap space be 10% or 100%? Retail space is not fungible. It recently signed lease for retail space within the same center provides insight into market rent. However, in most cases it will not clearly defined market rent.
The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments.
Retail space negotiations are complicated and time-consuming. Once you have located the retail space which is ideal for your business, the next step is to negotiate an agreement which protects you and is acceptable to the landlord. Industry practice for retail space is to negotiate a letter of intent before negotiating the lease.
Use an Attorney!
Engage an attorney to assist in the letter of intent negotiation. It probably seems that the letter of intent is informal and can easily be negotiated without an attorney. However, there are issues you should address in the letter of intent which may not be obvious if you have not previously negotiated letters of intent for retail.
Wow! This is Complicated
Common factors for a retail space letter of intent include: defining the parties (leasor and leasee aka landlord and tenant), defining the space, defining the rent including any percentage rent, defining the basis for calculating sales or net income if they are involved in calculating rent, the initial term, any renewal options, rent for renewal options period, the day at which lease payments commence, the date of occupancy, the condition of the space when the landlord provides it to the tenant, tenant improvement allowances provided by the landlord, who performs the tenant improvements, is the tenant required to use union labor for tenant improvements, is the tenant required to use a general contractor for tenant improvements (TI), who pays for the cost of the ADA compliance, who maintains what (i.e roof, HVAC, electrical, plumbing, etc), who pays which expenses, calculating the payment for CAM (common area maintenance), free rent, and identification of the broker and payment of the brokerage fee if relevant.
You Mean There is More!
Other issues which you may want to address in the letter of intent include expense escalations, co-tenancy issues, eminent domain, foreclosure, maintenance standards, definition of the amount of leaseable space, personal guarantees, purchase option, subleasing, required hours of operation, dedicated parking, who is responsible for obtaining variances related to signage and usage of the retail space, expansion options, first right of refusal, can the tenant keep the TI allowance not needed for construction, can the landlord relocate the tenant if the space is needed to accommodate another tenant, late payment fees, the mechanics of providing notice of default and any options for the tenant to cure the default, mechanics of dispute resolution between the landlord and tenant, and a right to terminate if your sales do not stabilize at a minimum level.
Complete LOI First
Complete and obtain an executed copy of the letter of intent before beginning on the lease agreement. The primary objective of the letter of intent is to negotiate and agree upon the business issues. The lease documents these agreements. Discuss fees to negotiate the lease with your attorney. Agree upon an hourly rate and estimate of the total fees. Agree the attorney will call if it appears the cost is going to exceed the estimate.
The following sections of the leasing retail space article focuses upon issues which merit commentary.
Percentage Rent
Percentage rent -- make sure the agreement regarding percentage rent is clear. If percentage rent is based on sales, define sales. For example, is sales-tax remitted to the city and state included in sales? It is even more difficult to define net profits, which is why most percentage rent leases are based upon sales instead of profits. Attempt to look at the definition of net profits from a detached perspective. If you gave the definition to a six grader, could they understand it?
Renewal Options
Renewal options -- tenants love them and landlords prefer to avoid them. In general, a larger number of shorter renewal options are better for the tenant. In addition, shorter notice periods to announce the tenants intend to renew are desirable for the tenant. Landlords prefer as much notice as possible regarding whether or not the tenet plans to renew.
Renewal Option Rental Rates
Renewal option rental rates -- tenants typically want fixed rental rates for renewal periods. Landlords typically want the rental rate based upon market rent. Agreeing upon market rents can be difficult and expensive. Reasonable people can disagree regarding the level for market rent for a retail space. For example, should the premium for an end-cap space be 10% or 100%? Retail space is not fungible. It recently signed lease for retail space within the same center provides insight into market rent. However, in most cases it will not clearly defined market rent.
The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments.
Tuesday, October 9, 2012
Sahara Rv Dealership, Offers Sales, Rentals & Service For All Motor Home & Travel Trailer Needs
Sahara RV Center is a full line RV dealership offering: Rentals, sales, consignment, service / repairs, and a 10,000 sq ft parts store. Our sales department offers the largest pre-owned inventory in Las Vegas! Our Rental department offers various sized RV's and the only rentals of Tent trailers, Travel Trailers & Toy Haulers in the region. Sahara RV Center's staff can do almost any service or repair that you require.
We are a family owned business which has operated for over 25 years at the same Las Vegas, Nevada location. We offer Starcraft travel trailers, tent trailers and slide on campers, Cherokee 5th wheels and travel trailers and Sunseeker class C motor homes. Our pre-owned inventory generally includes a large selection of clean, affordable, older and newer model motor homes, 5th wheels and travel trailers. Our late model rentals include Georgetown class a motor homes, Sunseeker class c motor homes, Cherokee and Extreme Lite travel trailers and Starcraft tent trailers.
If you need a motor home rental, you have come to right place! Check out our extensive list of travel trailer rentals, used recreational vehicles rentals, tent trailer rentals, and so much more Sahara RV Center is Nevada's #1 recreational vehicle dealer. We service Las Vegas, Henderson, Clark County but we can service you anywhere throughout the country as well! If you are looking for a private motor home rental, we will help you find the right RV for you.
Rental rates are for a minimum of 3 days, unless over holidays or special events. Rates also vary depending of the size of the motor home, travel trailer or tent trailer and whether it's rented during peak season or off season.
Our Super Center Parts store has over 10,000 sq ft of almost any merchandise you may need for your recreational vehicle. We have major appliances such ad refrigerators, water heaters, ACs and swamp coolers. We carry a variety of hitches, generators, solar panels, awnings, bathroom fixtures and holding tanks, just to mention a few products. And if we don't have it, we can special order it and ship it anywhere in the country.
We also take pride in the fact that we not only offer and rent the finest recreational vehicles, but we offer a wide variety of financing options for our customers as well. Our in-house financial experts have years of experience finding our customers the best loan programs available. We can help you find the perfect loan to suit your family's needs. The financing packages that we offer ensure you have access to the most competitive rates and terms available. Allow us to help you make your dream come true. Don't let the thought of financing keep you from making that dream a reality!
Our financing programs features: up to 240 month terms on new and used recreational vehicles, same day credit approvals, simple and low interest loans, competitive rates, minimal down payments, service contract available, access to numerous lending institutions, In-House financing available.
Contact Sahara RV Center Today and let us make your dreams come true Fill out one of our online Forms and reserve your recreational vehicle to begin a journey that will last you a lifetime!
We are a family owned business which has operated for over 25 years at the same Las Vegas, Nevada location. We offer Starcraft travel trailers, tent trailers and slide on campers, Cherokee 5th wheels and travel trailers and Sunseeker class C motor homes. Our pre-owned inventory generally includes a large selection of clean, affordable, older and newer model motor homes, 5th wheels and travel trailers. Our late model rentals include Georgetown class a motor homes, Sunseeker class c motor homes, Cherokee and Extreme Lite travel trailers and Starcraft tent trailers.
If you need a motor home rental, you have come to right place! Check out our extensive list of travel trailer rentals, used recreational vehicles rentals, tent trailer rentals, and so much more Sahara RV Center is Nevada's #1 recreational vehicle dealer. We service Las Vegas, Henderson, Clark County but we can service you anywhere throughout the country as well! If you are looking for a private motor home rental, we will help you find the right RV for you.
Rental rates are for a minimum of 3 days, unless over holidays or special events. Rates also vary depending of the size of the motor home, travel trailer or tent trailer and whether it's rented during peak season or off season.
Our Super Center Parts store has over 10,000 sq ft of almost any merchandise you may need for your recreational vehicle. We have major appliances such ad refrigerators, water heaters, ACs and swamp coolers. We carry a variety of hitches, generators, solar panels, awnings, bathroom fixtures and holding tanks, just to mention a few products. And if we don't have it, we can special order it and ship it anywhere in the country.
We also take pride in the fact that we not only offer and rent the finest recreational vehicles, but we offer a wide variety of financing options for our customers as well. Our in-house financial experts have years of experience finding our customers the best loan programs available. We can help you find the perfect loan to suit your family's needs. The financing packages that we offer ensure you have access to the most competitive rates and terms available. Allow us to help you make your dream come true. Don't let the thought of financing keep you from making that dream a reality!
Our financing programs features: up to 240 month terms on new and used recreational vehicles, same day credit approvals, simple and low interest loans, competitive rates, minimal down payments, service contract available, access to numerous lending institutions, In-House financing available.
Contact Sahara RV Center Today and let us make your dreams come true Fill out one of our online Forms and reserve your recreational vehicle to begin a journey that will last you a lifetime!
Wednesday, October 3, 2012
Chapter 7 Bankruptcy And Debt Relief Qualification Facts
Chapter 7 bankruptcy is a common procedure for individuals seeking debt relief. It is a legal process that allows individuals relief from overwhelming debt based on a meeting a set criteria. Factors such as current income, amount of debt and the standings of their financial situation. Debt situations can arise and burden individuals for a number of reasons; large medical bills, overextended credit and many other reasons.
When an individual decides that their debt has become overwhelming and declares bankruptcy they can expect the entire process to take about three to six months. An individual may file bankruptcy once every eight years.
In order to file bankruptcy an individual must qualify and meet a standard of bankruptcy requirements. When individuals want to file for bankruptcy they must pass a means test first. Individuals with income less than the state median for the state in which you live for a family the comparable size as yours qualify for chapter 7 bankruptcy. Another means test is if you find yourself with an income greater than the median for the state but unable to pay one hundred dollars towards your debt for the next five years. You will not qualify for chapter 7 bankruptcies if you make more than the median income for the state in which you are filing bankruptcy for a family the same size as yours and you have the financial means to pay one hundred dollars towards your debt for the next five years. This is a good guideline to follow when looking into chapter 7 bankruptcy. Otherwise you can look into chapter 13 bankruptcy.
During a chapter 7 bankruptcy assets are liquidated and sold to alleviate some of the debt you are responsible for to your creditors. It is important to know that not all property has to be included in a chapter 7 bankruptcy some is exempt. One of these exceptions is the homestead exception. The homestead exception applies if there isn't any equity in your home. Under this circumstance you may keep the home and your current mortgage. However, the payments on the home must be brought up to date before the bankruptcy hearing.
Another exception is a vehicle exception. If the value on your vehicle is less than the remaining loan amount plus the allowed exception individuals may keep your vehicle. Otherwise if the value is more than that amount you may be able to work out a deal with the bankruptcy trustee to actually buy the equity in the car yourself instead of someone else.
The final exception is a retirement exemption. During a chapter 7 bankruptcy your retirement assets are not allowed to be counted towards your bankruptcy estate. This protects pensions, 401k, IRA and Roth IRA accounts.
When filing chapter 7 bankruptcies there are certain debts that are unforgivable. Typically trustees will not forgive debt associated with child support, federal and state taxes, HOA fees or debt accrued through student loans. Even without these loans and debts being forgiven it is possible to catch up on them when individuals have been forgiven in other areas of debt. Another reason debt would not be forgiven is if it was accrued during criminal activity or if injury or death was caused during the use of drugs and alcohol. Any debt left off or neglected to be associated with the original filing of chapter 7 bankruptcy is also not forgivable.
When an individual decides that their debt has become overwhelming and declares bankruptcy they can expect the entire process to take about three to six months. An individual may file bankruptcy once every eight years.
In order to file bankruptcy an individual must qualify and meet a standard of bankruptcy requirements. When individuals want to file for bankruptcy they must pass a means test first. Individuals with income less than the state median for the state in which you live for a family the comparable size as yours qualify for chapter 7 bankruptcy. Another means test is if you find yourself with an income greater than the median for the state but unable to pay one hundred dollars towards your debt for the next five years. You will not qualify for chapter 7 bankruptcies if you make more than the median income for the state in which you are filing bankruptcy for a family the same size as yours and you have the financial means to pay one hundred dollars towards your debt for the next five years. This is a good guideline to follow when looking into chapter 7 bankruptcy. Otherwise you can look into chapter 13 bankruptcy.
During a chapter 7 bankruptcy assets are liquidated and sold to alleviate some of the debt you are responsible for to your creditors. It is important to know that not all property has to be included in a chapter 7 bankruptcy some is exempt. One of these exceptions is the homestead exception. The homestead exception applies if there isn't any equity in your home. Under this circumstance you may keep the home and your current mortgage. However, the payments on the home must be brought up to date before the bankruptcy hearing.
Another exception is a vehicle exception. If the value on your vehicle is less than the remaining loan amount plus the allowed exception individuals may keep your vehicle. Otherwise if the value is more than that amount you may be able to work out a deal with the bankruptcy trustee to actually buy the equity in the car yourself instead of someone else.
The final exception is a retirement exemption. During a chapter 7 bankruptcy your retirement assets are not allowed to be counted towards your bankruptcy estate. This protects pensions, 401k, IRA and Roth IRA accounts.
When filing chapter 7 bankruptcies there are certain debts that are unforgivable. Typically trustees will not forgive debt associated with child support, federal and state taxes, HOA fees or debt accrued through student loans. Even without these loans and debts being forgiven it is possible to catch up on them when individuals have been forgiven in other areas of debt. Another reason debt would not be forgiven is if it was accrued during criminal activity or if injury or death was caused during the use of drugs and alcohol. Any debt left off or neglected to be associated with the original filing of chapter 7 bankruptcy is also not forgivable.
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