Debt Consolidation New York: Choosing The Right Debt Consolidation Company

When it comes to debt consolidation, New York residents have plenty of companies to select from. Most of these companies will provide a good amount of help to those that need it. Some are better than others. Some will offer a better opportunity than others will. And, some are not worth the time it takes to fill out the application. Are you worried that you will wind up with the wrong debt consolidation company? You should be. But, you do not have to worry. There are several things that you can do to end up with the best debt consolidation company out there. In fact, that goes double when looking for the right debt consolidation New York company.

Here are some things that you should look for when it comes to a debt consolidation company in New York.

•    The debt consolidation New York company should follow the rules of the land. That is, they should not be allow for debtors to call you during the middle of the night, at work or allow them to harass you. That goes for all of your credit lenders. The state has in place laws to help protect you from this happening. If it does happen to you, work with your attorney to have the matter settled. This is unfair and illegal to do.

•    Consumers provide the best information about any debt consolidation company. Ask others that have used one company or the next the good and the bad about that company. When you are looking for debt consolidation, New York residents are sure to tell you about those that did not do a good job, those that were unfair and those that just plain out worked the best.

•    Use reviews you find online. That includes checking with the Better Business Bureau about the company. Take some time to learn what others online are saying about the debt consolidation company.

•    Make sure that the debt consolidation New York company is bonded and insured in your state. When you do this, you are making sure the company is allowed to provide funds in your state, which can save you a lot of trouble down the road.

•    What are the terms, interest rates and other fees associated with them? Do they offer comparable rates to other companies?

There are plenty of debt consolidation New York companies out there. Most will offer you a wide range of benefits to consider. Take your time. Select the company that fits the profile the best. You will work through your debt then best here.

Tax Refund Time Is Here Again, and the Financial Advice Is Here, Too!

Tax refund time is a great time to really dig down and look at your finances, but a lot of people don’t do it. We’re not casting blame here, really. In fact, it can be hard to be the voice of financial responsibility when just about every company in business today will be running some type of tax sale that you need to check out. This is when all of the big items go on sale as well. It’s hard to really pass up a cheap flatscreen or the latest and greatest washer and dryer when you know that you have the money. You know that. But if you’re struggling to make ends meet, it can feel like you’re always torn between what you should do and what you know that you must do.

Let’s ease your mind for a minute: there’s no reason that you can’t do both. You might not be able to get every last thing that you want, but you can still go out of your way to really make sure that you can get some things that you wouldn’t normally buy. Even if it’s just one really over the top nice meal at home, that can be rewarding. Remember that it really is your money, to a bonus — this is just money that you gave the IRS for a year and they have to pay it back to you. It’s an overpayment, nothing more than that. There’s no need to feel lucky.

Tax Refund Time

Having a plan before the refund hits can make it harder to blow your refund on frivolous purchases. Think about everything that you want, and then see if you really want it. Yeah, it’s cool to an advertisement for a really good sale, but what about if you could just jumpstart paying off some of those high interest credit cards? That would really be the best feeling of the world to really step back and be able to pay for the real things that matter. It’s tempting to just skip over all of this and plunge into something else, but you don’t want to do that. You don’t want to just seek pleasure when you’re in debt, because debt has a way of growing very, very quickly.

All things considered, now is definitely the right time to start thinking about getting out of debt. We always tell people not to just throw everything into the debt pool because they’re going to feel unsatisfied. And when you feel unsatisfied, you have a tendency to want to spend even more money. So sometimes the best thing that you can do is give in to some of your wants.

When it comes to the needs side, we think that thinking about setting up an emergency fund is a really, really good thing. Now is not the time to think that you can just sit back and wait for an emergency to happen — even if nothing has happened yet, you never know. The future is very uncertain, and it can often take a little emergency to really derail your finances.

The best thing that you can do right here, right now, is to make sure that you focus on the goals that you have for your life. Remember — nobody is going to want your dreams more than you, so keep that in mind and fight well! Good luck out there!

Priced Out of a Roth IRA – Don’t Be So Sure!

The Roth IRA has been cherished for years because it’s a great way to enjoy tax-free growth. The money you put into the Roth is taxed already, so there’s no taxes when you pull the money out. However, one thing that stops people from getting into the Roth IRA situation is that they end up making too much money. In the past, this meant that there was really no way that you could tap into a Roth IRA account. However, now there’s a “backdoor” method to getting it done.

You will need to open a nondeductible traditional IRA and then convert it over to a Roth IRA. You get an extra $5,000 each year that will grow in your Roth IRA income-tax free. You can do that every year and you’ll have a really nice retirement fund in the long run.


This is not going to be something for everyone, but if you find yourself at the crossroads of being priced out of the Roth yet still want to add more to your nest egg, this is a really good way to do just that.

With a Roth, you don’t have to take money out if you don’t want to — compare that when a traditional IRA, where you must take taking required mandatory distributions the year after you turn 70 1/2. Those distributions count as income.

With the Roth, you can take money out when you reach a certain age, but it’s all income-tax-free including the earnings that have been growing in the account.

Trying to think of the future can be tricky, but it is definitely important. For example, if you leave a Roth account to any of your children, there won’t be any income tax hit either. That’s better than with the traditional IRA, where there the distributions count as income.

Ideally, you’re going to need to have a blend of different retirement strategies for a golden retirement that you can count on. But this backdoor strategy really might be just what you’re looking for when it’s time to shield some of your income from taxes. Check it out today!

Debt Consolidation Ohio: Advice For Debt Reduction

Working with a good debt consolidation Ohio company can help you to dig your way out of debt. If you think of debt as a mountain, you will understand that you can keep climbing and climbing without ever feeling like you will reach the top. But, once you get some good advice, debt reduction begins to happen and the mountain gets easier to climb. Eventually, it is no more than a hill to cross over. Finally, your debt consolidation loan will help you to get over the top and free from debt all together. Here are some pieces of advice for debt reduction through a debt consolidation Ohio loan.

Follow these tips to find success with debt consolidation loans.

•    Know your consumer rights. No company should harass you. In Ohio, all debt collectors must call you no earlier than 8 in the morning and not later than 9 at night. They can not threaten you, harass you or otherwise treat you badly to collect on the debt. If they do this, contact your lawyer. Work with a good debt consolidation Ohio company to get out of that debt quickly.

•    Select an experienced, well sought after debt consolidation Ohio company for the job. You should know about their history with the Better Business Bureau. You should know what other consumers think of them. And, you should take the time to learn all you can about what they can do for you. Take this advice. Debt reduction is important but it needs to come from a reliable place.

•    Consider the interest rate on the debt consolidation loan you get. It should be as low as possible. The terms of the loan should also be low enough for you to make your monthly loan payments but high enough to keep you from spending too much in interest.

•    Work to pay off your debt consolidation loan as quickly as possible. Use it to help you to rebuild your credit. To do this, make payments in a timely manner. Keep up to date on all payments and pay it down quickly. Soon, you will see your credit score start to rise.

When it comes to debt advice, debt reduction options allow you to select the best choices for you specifically. The necessary thing here is that you need to work with a lender that can provide you with the lowest interest rates, the best terms, the most experience and the understanding that your debt relief needs to happen. A debt consolidation Ohio company to consider is the one that meets all of your needs.

What Does it Really Take to Break Into Day Trading

Are you thinking about stepping into new forms of investing? You’re definitely not alone. Once you learn a lot of the basics, you can get into other forms of investing without too much trouble at all. It’s all about making sure that you can focus on the bigger picture from all sides rather than getting sucked into the details. At the same time, the details definitely still matter and you will do well to remember that. It’s all about making sure that you build a solid portfolio that will last for many years to come.

So, let’s talk about day trading. Even in light of the global recession, day trading is starting to pick up speed. A lot of people feel that day trading allows them to really take faster advantage of positions that are profitable than more traditional “buy and hold” strategies. It’s just a matter of figuring out what’s going to actually appeal to you more than anything else.

Day trading is simply buying and selling financial instruments with a total focus on profit generated from the different in the buy and sell prices respectively. Essentially buying low and selling high, but the concept runs deeper than you think.

Trading positions aren’t held very long — in the span of a day would be the longest, as positions held overnight are considered too risky. And when the financial markets are closed, no positions are kept either — for much of the same reason.

What you will honestly find when it comes to day trading is that it’s not as easy as it appears. The best way to make sure that you make profits in day trading is to really figure out what it honestly takes to break in the first place. Continue reading “What Does it Really Take to Break Into Day Trading”

Unsecured Loans For Getting What You Want

So you’ve been delaying your vacation plans or plans to buy that dream home because you just don’t have enough funds for financing it. Now what? You can either keep on postponing your plans or go looking for better options. Naturally you opt for looking for better options, and one of the best options is taking out an ‘unsecured loan’.

Unsecured loans are personal loans that don’t require any collateral or security. Personal loans are the type that help you take care of personal needs. So there are two main types of personal loans – the ‘secured’ and the ‘unsecured’.

You might be asking yourself why I recommend the unsecured loan rather than the secured one. The reason is that when you get a secured loan you put up your assets as security against the loan. If anything should happen to cause you to default then you lose what you put up, so your assets are at risk with this type of loan.

Unsecured loans are far less risky than secured loans. They don’t put any of your assets at risk. They can be used for a wide variety of things like –

1. Home Improvement – These loans are use for improving or renovating your home to add value to it.

2. Car Finance – These loans are used for buying your dream car that you don’t have enough cash to pay for.

3. Debt Consolidation – These loans are taken out to consolidate existing debts into one single easily manageable loan repayments over a longer term. Continue reading “Unsecured Loans For Getting What You Want”

Reclaim mis sold PPI today

From more than a decade ago up to this day, millions of people have been ripped off their hard earned money and are victims of mis-sold Payment Protection Insurance. If we follow the news of it from when the mis-selling started, we’d be astonished at how clever the schemes were designed to deceive credit consumers and force them to buy the policy irrespective of their need for it.

To date, PPI claims have not been reduced and still seem to be increasing as a bigger number of people have discovered that they were also victims of the scandal. They have hired solicitors and other PPI claims experts to help them through their claims while others were bold enough to gather as much information as they can to resolve things on their own.

You, too, can make things better for yourself and get back from being ripped off your money by reclaiming a mis-sold PPI at the earliest you can. These investigations take roughly 6 or 8 weeks to be resolved so the earlier you begin on it means a bigger chance of getting your compensation sooner. Why would you prolong the resolution of something you have been a victim of for a while now?

To begin with, you need to establish how much you have roughly paid to PPI and for how long. Your statements and other related documents will help you make that fact solid. The paperwork will have reference to the amount paid to PPI (whether as recurring premium charges on your credit card or a lump sum premium amount on a loan or mortgage) and the duration of it on your account.

You need not worry about possibly having lost the documents though. Your bank should be able to retrieve the information for you. Financial institutions and the credit bureau offices are mandated by the UK financial laws to keep your records on file for as long as six years. If your account happens to be older than that your safekeeping of the documents matters. Continue reading “Reclaim mis sold PPI today”

Tax payment options

In case you haven’t done so already, go ahead and file your income tax return. April 17th is quickly approaching and the IRS will want its money. Even if you don’t have the money to pay your full tax bill, make sure that you file your income tax return, or ask for an extension by April 17th. The absolute worst thing that you can do is to simply neglect paying your taxes. The IRS has stiff penalties for those who simply do not file.

By filing on time, you will avoid the IRS’s 5% monthly “failure-to-file” penalty. For each month that you don’t file, you will be charged 5% of your total tax obligation, up to a staggering 25%. After that, you will face a “failure-to-pay” penalty of 0.5% each month for the remainder of your tax balance.

If you do end up owing Uncle Sam some money, you’re in luck. The IRS offers a number of payment options for those who are unable to pay their entire tax bill at once.

Pay by Credit Card

Believe it or not, you can pay your tax bill with your credit card. The IRS has awarded two companies, Link2Gov Corp. and Official Payments Corp., with contracts to accept credit card payments on their behalf. Thru these two companies, you can pay your tax bill using your Visa, American Express, MasterCard, or Discover credit card. Both companies accept paper and electronic filers via phone or the internet.

Although paying with your credit card might seem ideal, you must be aware. The service does come with a price. Generally, these companies charge 2.49% of your entire tax bill or a minimum of $1, which ever is greater. If your entire tax bill was $3,400, expect to pay an extra $84 in fees.

When paying with your credit card, make sure that you can pay off your credit card bill in a timely matter. The longer you hold on to the balance on your credit card, the more you will end up paying in interest charges.

Start a Payment Plan

If your tax bill is greater than your credit card’s available credit, you can make monthly payments to Uncle Sam. The IRS will give you up to three years to pay off your entire tax bill as long as you don’t have any previous balances. On top of that, they will even allow you to choose your payment day and the payment amount. To enroll in the installment program, attach form 9465, Installment Agreement Request, to the front of your tax return.

Negotiate a Deal

When all else fails; you can’t pay with a credit card, or with a payment plan, it is time to play lets make a deal with Uncle Sam by making an Offer in Compromise or an OIC. An OIC is basically a lump sum payment lower than your original bill. The IRS offers OIC in hopes of getting some type of tax payer money sooner rather than after costly collection attempts.

Remember, negotiating an OIC with the IRS should be your last alternative. If you think that an OIC will simply get your tax bill reduced, think again. Not everyone who applies for an OIC will be approved. To even be considered, you must prove that you have no possible way of paying your entire tax bill. The IRS reviews your financial situation and future potential income to determine whether you have a reasonable payment offer.

If you believe that you may qualify for an OIC, you will need to file two separate forms: Form 433-A, Collection Information Statement and Form 656, Offer in Compromise. Along with these forms, you will also have to submit a $150 application fee along with Form 656-A, Offer in Compromise Application Fee Instruction and Certification.

This fee is waived for people who have little or no income if the claim a poverty exception when filing form 656-A. Make sure that you send in the application fee with your payment, if you don’t the IRS has the right to deny your application. If everything is submitted as required, there is still a possibility that you won’t get accepted for an OIC. If you aren’t accepted, you simply lose your $150 application fee. If you are accepted, the $150 go toward your tax bill.

Owing Uncle Sam a little bit of money once April 17th rolls around isn’t terrible. There are many options available to pay your IRS bill if you ever end up owing. The worst thing that you can do to yourself and Uncle Sam is not pay. By not paying, you will only worry yourself and accumulate more debt.

Could an Online Investing Club Be What You Need

Are you worried about not having enough motivation to really get your investing off to a good start? Then you need to really think about going to an online investing club. The reason is simple: accountability. An online investing club takes away your first excuse that you could think of — lack of interest in your local area. Even if you’re not surrounded by people that are interested in what you want to do, you can find plenty of interest online. Investing is one of those things that you need to be fully committed to. If you find that you’re not as committed as you would like to be, this is the perfect time to make a change. After all, it’s your money. If you aren’t interested in growing it, there’s no one in the world that’s going to care about it more than you will.

Keep in mind that online investing clubs aren’t always sunshine and roses. There are just times where you’re going to need to really make sure that you think about the type of experience that you’re ultimately trying to have. For example, if you want to be a long term investor, then you will need to align yourself with an investing club that focuses on that. Of course, just because you’re long term doesn’t mean that you aren’t going to be picking up stocks here and there. It’s just a matter of really figuring out what you want to do and following through from there.

The best indicator of a good online investing club would have to be activity. You don’t want to go into a club where nobody really wants to talk about anything. If investing is a passionate topic for you, then you want to be surrounded by like minds. There’s just no getting around that point. However, you will find that in the investing world, many people are dreamers and not executors. They’re not taking action — they’re talking about taking action. Those things are very different from each other. You want to ensure that you’re around people that are interested in active trading. Even if you’re only trading on paper and not really taking the plunge, you still want to be able to talk about setting up your portfolio properly.

As an aside, make sure that you’re not waiting too terribly long to invest seriously. You don’t want to find that you’re only getting things done when it’s at the last minute. Rushing isn’t good, but you don’t want to hesitate forever either. The truth is that you’re going to have to take risk in order to get any type of rewards in the world of online investing as a whole. You can’t run in this crowd and hope that you’ll keep all of your money all of the time. There are going to be times where you lose money. There are going to be times where things don’t go your way.

But it’s how you react that truly shows your character as an investor. Never forget that.

There are a few places to find good clubs. You can go to Meetup.com, Yahoo Groups, or even just typing in “online investing clubs” can lead you to a wide listing of groups. If you’re stuck and need help, ask questions first before becoming a full-fledged member. In fact, they should let you have some sort of a trial membership before you have to commit fully. Some of these clubs are application only, while others accept just about anyone that they can find. There are some that are completely free, and others that require you to pay a subscription.

Where you fit depends on how serious you are as an investor. You can believe it that the paid-subscription groups are pretty serious. After all, why would someone want to just throw their money in the pot and get nothing in return?

Overall, good luck with all of it — no matter what you decide!