What Is a Loan Workout Plan?
June 25, 2011 by Laura Reveley · Leave a Comment
A loan workout plan presents the borrower with an opportunity to repay a debt and avoid default. Loan workouts are an option once a borrower has decided he or she cannot repay the debt according to the original terms. Loan workouts can be refinancing opportunities, but they are usually a mix of multiple strategies to reduce a debt.
Default Avoidance
In the case of an unsecured loan, meaning that there is no collateral at stake, a loan workout usually involves some type of refinancing to a payment plan that represents only part of the remaining owed sum. The loan workout will take place on a short time frame, guaranteeing the lender the opportunity to reclaim funds faster than if a lawsuit were to take place.
Foreclosure Avoidance
When a loan is secured, the borrower aims to avoid foreclosure or repossession by voluntarily surrendering the property and agreeing to repay any outstanding debt. The outstanding debt can be repaid after the collateral has been turned in, and this repayment usually happens on a condensed timeframe at a fraction of the original amount remaining.
Why Money Managers Fail to Beat the Market
June 25, 2011 by Charlie Stedman · Leave a Comment
Here are three easy ways to beat the market: Deception, irrelevance and bad math.
Perhaps some explanation is in order…
It’s a well-known fact that three out of four investment professionals fail to beat an unmanaged index each year. Over the long term, the percentage is much greater.
Yet everywhere you go, investment advisors claim they’re generating superior results. It’s a bit confounding. So let’s take a closer look…
Why Money Managers Fail to Beat the Market
Most money managers fail to beat the market for a number of reasons.
- Some, quite frankly, are inexperienced or inept.
- Others, being human, make mistakes.
- Some find it impossible to beat the market after charging substantial fees.
- And most operate at a disadvantage because they must keep substantial cash on hand to meet redemptions. (And cash is a notoriously poor performer.)
Yet despite these headwinds, many money managers – perhaps most – still claim that they’re beating the market. Are they lying? Y
Pay nothing for your broadband
June 25, 2011 by Charlie Stedman · Leave a Comment
Many broadband providers offer months of free internet on their current deals. We take a closer look.
It’s always nice to get something for nothing. And broadband is no exception!
There are a number of broadband providers currently offering deals which include months where you won’t have to hand over a single penny for the privilege of having internet access, though many of those deals are soon coming to an end.
So let’s take a look at the various providers, and their free broadband offers!
I use O2 for my own broadband, and bar a couple of days recently where there have been a few issues, over the past year I’ve had no complaints.
One of the reasons that I gave O2 a go (following the disaster that was Post Office broadband) was that I would get a few months of broadband absolutely free, and a smaller monthly payment after that as I also am an O2 mobile customer.
The provider currently has two separate packages which offer three months free to new customers. However,
How Much Cash Should You Keep in Reserve?
June 24, 2011 by Hudson Watts · Leave a Comment
There’s no magic formula you can use to determine how much you should keep in reserve in your business as a real estate investor. When you rent properties, the four key factors to consider are the strength of the local rental market, eviction time line and cost, the age of the property, and the type of neighborhood.
Strength of the Local Rental Market
The lower the vacancy rates in your area, the fewer reserves you’ll need for vacancies. Your local newspaper or your city’s housing department may have articles or statistics on vacancy rates. You should, at a minimum, have enough cash reserves to pay for one month of vacancy per unit, which is only an 8 percent vacancy rate.
Even in a good market, you’ll deal with problem tenants who may stop paying rent and require an eviction. Good tenant screening will help solve this problem. If you plan to rent properties, you should always, without exception, do a rigorous background check on tenants. This inc
Chase Freedom Offering $150 Bonus & 5% Cash Back On Gas
June 24, 2011 by Laura Reveley · Leave a Comment
Beginning July 1st, Chase Freedom credit card-holders will be eligible to earn 5% cash back on gas as well as hotel and airline purchases. This elevated cash back reward rate can be earned on up to $1,500 of spending in these categories from July 1st to September 30th. Consumers who take full advantage of this promotion can rack up an extra $75 in cash back, in addition to 1% cash back on all other purchases made with the Chase Freedom card.
Current card-members simply need to visit chase.com/freedom or call Chase to enroll in this bonus program. New applicants interested in taking advantage of this 5% cash back promotion can reap even greater rewards, as there are currently three Chase Freedom promotions available that offer up to $150 cash back. Here is an overview of these offers.
The Chase Freedom $150 cash back offer is one of the most lucrative promotions currently available on any no annual fee credit card, bested only by a $250 sign up bonus offered to new Chase Sapphire applicants.