Credit Card Advance
Business and personal use are the two main types of credit card advances.
The personal type ranges from cash amount of 100 to 1000 dollars and are being paid back within a short amount of time such as a month coupled with interest and other small fees. It is usually referred to as a ‘payday loan’.
On the other hand, the business credit card advance type (which is often referred to as merchant loan or business cash advance) is pretty much different from a payday loan.
A merchant loan lender buys a small portion of the your future credit card sales given with a discount which is based upon the amount of credit card sales your business is able to haul in per month. They will then program their system to deduct a percentage of your daily credit sales to pay in advance for your credit card purchases. Because the amount of money is dependent on your daily sales, the payback amount being paid daily differs from day to day. This is called the flexible pay back schedule. By employing this system, you are able to regulate your payment less on slow days and more on days that are busier and haul in a much larger income. The time frame for the payback ranges from 6 to 9 months. Many businessmen use this funding method if they are not able to obtain a loan from a bank or they cannot afford to wait for the time it takes to have a bank loan made.
Credit card advances are more expensive than bank loans but they have perks that outweighs the setbacks. Some of these are as follows:
-People are immediately funded in matter of days instead of waiting for months.
-No collateral items are pawned or left in order to make loans.
-There are no terms or agreements needed on how the borrower chooses to spend the money.
-Lenders will try to look up for credit score but not much weight is given on poor credit history.
Not everyone can avail this type of financing, make sure before applying for one, you are able to comply with the requirements.
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Categories: Loan Articles Tags: able, Credit Card, credit card advance, days, loan, sales
Things To Know About Credit Card Advance
The personal type could range from cash amount of 100 to 1000 dollars and are paid back within a little amount of time like a month coupled with interest and other small fees. It is known as ‘payday loan’.On the other hand, the business credit card advance type, also known as merchant loan or business cash advance, differs from a payday loan.
A merchant loan lender buys a tiny portion of your future credit card sales that comes with a discount, and it depends on the amount of credit card sales your business can rake in per month. The, they will program their system to subtract a percentage of your daily credit sales to pay in advance for your credit card purchases.
Considering the amount of money depends upon your daily sales, the payback amount being paid daily varies on a daily basis. This is known as flexible pay back schedule. By making use of such system, you can regulate your payment less on slow days and more on days that are actually busier and haul in a bigger income. The time frame for the payback can be from 6 to 9 months. A lot of businessmen use this method if they cannot obtain a loan from a specific bank or they cannot afford to wait for the time it takes to have a bank loan made.
Credit card advances are costlier compared to bank loans but they have benefits that outweigh the setbacks. Some of these are the following:
Consumers are instantly funded in just a matter of days rather than waiting for months.
No collateral items are pawned or left just to make loans.
No terms or agreements are needed regarding how the borrower will spend the money.
Lenders will try to look up for credit score but not much weight is given on poor credit history.
Not all people will be able to avail of this type of financing. See to it that before applying for one, you can comply with the requirements.
Categories: Loan Articles Tags: bank, credit advance, credit card advance, days, loan, sales
How to Fix Your Credit in 45 Days or Less: Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, … Bad Credit (Nicholas Black’s How-to Series)
How to Fix Your Credit in 45 Days or Less: Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, … Bad Credit (Nicholas Black’s How-to Series)
How to Fix your Credit in 45 Days, or Less: Understanding Credit Score, What is Debt, Bad Credit, Free Credit Reports, Credit Repair, Secured Credit Cards, and Loans for Bad Credit
by Dr. Nigel Peterson & Nicholas Black
This book will tell you the insides and out about fixing your own credit score. What you will learn, from an industry insider (Dr. Nigel Peterson) is what the “Credit Repair Companies” Charge you thousands and thousands of dollars to do. And you can do it on your own, right now!
Here is what is covered in the book:
Introduction: How do you fix your Credit?
• Step 1: Research and Prepare all Background Info
• Step 2: Challenge the Credit Bureaus
• Step 3: Demand a Re-Investigation of the accounts that remain Negative
• Step 4: Demand a Validation of Debt
• Step 5: Demand a Revised Validation of Debt
Chapter 1: What is Your Credit Score?
• Research and prepare all background info
• Challenge the credit bureaus
• Demand a re-investigation of the accounts that remain negative
• Demand a Validation of Debt
• Demand a revised Validation of Debt
Chapter 2: What are the 3 Bureaus?
• What is a Credit Bureau?
• What are the 3 Credit Bureaus?
• Addresses and contact information for the 3 Credit Bureaus
Chapter 3: Research Your Credit Report
• Factors that negatively affect your credit score
• What is a derogatory?
Chapter 4: The 4 Federal Laws You NEED to Know
• The 4 federal laws you’ll need to know
• Hiring a company to fix your credit
Chapter 5: What are Collections Agencies?
• When can a debt collector or collection agency contact you?
• Things the collection agencies and collectors cannot do!
• Things debt collectors are prohibited from saying
• Can get collectors like you?
• Unfair practices for debt collectors
• Can they garnish your wages?
• Can they garnish your benefits?
• Are they licensed in your state to conduct business?
• Is the collection agency even a legitimate company?
• Is the collection agency even still in business?
• What to do with the collection agency first contacts you.
Chapter 6: How to Receive a Free Credit Report
• Do you want a free credit report?
• Does it hurt your credit when you check the score
Chapter 7: The different types of contracts/agreements:
• The 4 different types of contracts and agreements you can enter into
• Is there a statute of limitations on debt agreements?
• Why should you care about a statute of limitations?
• How long is the statute of limitations?
• How do you calculate when the statute of limitations is over?
• Basic list of states, and the applicable Statutes of Limitation
Chapter 8: What will you need for the dispute letters
• The documents/Info necessary for your dispute letters
• How to Mail the dispute letters
Chapter 9: Disputing Derogatory Information with the 3 Bureaus
• Identify Derogatory Information
• What does it mean to Dispute?
• What is the Process to Dispute?
• What should your dispute letter look like?
• Example dispute letter
Chapter 10: Getting the 45-day Dispute Results
• What is a re-dispute?
Chapter 11: Tips for FHA/VA Loans
• FHA and VA Guidelines
• Approach the loan with a good credit rating!
• FHA TOTAL Scorecard
• FHA Loan requirements (information)
• What additional info will Veterans need?
• Where do FHA loans come from?
• How to pre-qualify for an FHA/VA loan?
• FHA Loan mistakes to avoid!
Chapter 12: How to improve your credit
• Some basic steps to improve your credit
Chapter 13: Getting new lines of credit
• What is the best way to increase your Credit Score?
• A little sound advice:
Chapter 14: Dealing with medical debts
• Is a doctor or hospital allowed to refer an overdue medical bill to a collection agency?
• Can my personal medical information be disclosed directly to a credit reporting agency
• Can you dispute a medical collection?
• How to dispute with the Medical Facility/Insurance Company first (7-steps)
Chapter 15: What now?
• Now that you understand the process, get started!
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Categories: Loan Products Tags: Bad Credit, Black's, Cards, Credit, Credit Repair, days, Debt, Free, Free Credit Reports, HowTo, less, Nicholas, repair, Reports, Score, Secured, Secured Credit Cards, series, Understanding
Hidden Credit Repair Secrets: That can fix your credit in 30 days (Volume 1)
Hidden Credit Repair Secrets: That can fix your credit in 30 days (Volume 1)
“This book had a lot of good things that helped me repair my credit.” – Direck Chatman “The best credit repair book I have ever read.” – John Davis Are you tired and frustrated of being denied credit? Are high interest rates robbing you of your hard earned income and preventing you from getting out of debt? Your low credit score may even be stopping you from getting a new job or home. Take heart. There is hope because, for the first time ever, Hidden Credit Repair Secrets exposes the heavily guarded credit repair secrets used by certified credit consultants and credit repair law firms. One of their own has actually begun to make these strategies and techniques available to the public. As a Certified Credit Consultant with years of experience in the credit restoration field, Mark Clayborne divulges how to legally restore your credit in his ground-breaking book, Hidden Credit Repair Secrets. In this book, you will discover how to: * Legally restore your credit report. * Remove damaging negative marks. * Settle your debts for penny’s on the dollar. * Stop collection agencies from harassing you. * Establish and rebuild your credit. * Bounce back from bankruptcy within a year. * Raise your credit score fast. “I really loved the letters in the 12 step dispute plan.” -Sabrina Reece As a special bonus, Mark Clayborne has included a 12-step dispute plan that will allow you to send carefully-crafted dispute letters with the appropriate language to get negative items removed from your credit report. All letters were reviewed by attorneys. No thinking or studying is required. Just input your information and send the letters. Bad credit can be limiting and even disastrous to your quality of life, begin restoring your credit and financial health today. Everything you need is included in this one book, Hidden Credit Repair Secrets.
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