Secured debts are not all the same. Depending on what type of loan you receive, payments may be extended over decades or expected within 30 days. The one aspect to a secured loan is that if the loan is defaulted up on in any way, the lender may seize the property which was used to secure the initial loan. An auto title loan uses the pink slip where as a second mortgage would use your home’s title.People looking for much needed cash tend to overlook the potential consequences of secured loans. Reading through the terms and conditions of any type of loan is essential prior to signing.The short-term style to this loan brings fast money to the wallet of the applicant, but the 30 payoff expectancy, accompanied by high interest, when not paid off on time can bring a stressful financial situation to the next level of crazy. These title loans carry fees which are included in the loan payoff. The high interest creates budget woes each month and when a person has to take money from other monthly payments in order to keep paying against the interest, trouble brews all over. A lender has the right to seize the vehicle for any type of default on the loan. Some lenders may forgive errors in order to collect more in the long run. Unfortunately, you may find a lender which will take the car for resale automatically instead of dealing with the hassle of collecting past due moneys. Questions about collections practices are valuable to inquire about prior to signing.When you have used your home as collateral for a new loan, most often there already is a loan out for the initial purchase. Second mortgages or refinancing loans are often done in order to obtain extra money for repairs or improvements. These types of loans are processed through banks, credit unions or private mortgage brokers; the process may take a few weeks and credit history is a large factor in approval. The interest is much lower for these long-term loans and the monthly payments are calculated to be something affordable or the loan will not push through. Just like the title loan, if loans go into default your home will be at risk of seizure. A bank can put your home on auction and give you four days to move out. It wasn’t part of the plan when you took out the loan, but how you managed the debt may result in this or similar actions.Guarantors are people who co-sign on loans. A lender feels more secure loaning to a person with no credit or poor credit because a person with great credit has signed to take responsibility for the loan if the borrower fails. There is no property loss, but a relationship could be ended as the result of the loan gone badly.Whether you need $2,000 or $20,000, a secured loan is an option for lenders to do business with people that may present a larger risk factor. Something to keep in mind is that a bank or auto title lender has the option to seize your property up until the loan is fully paid off. It would be a shame to lose your home or car when the build of the loan has been paid.Find a lender who works with their customers when a tough time may arise. Most people do not plan to not pay their secured loans. Bad things happen to good people working with a responsible auto title loan lender or other financial institution may just be patient enough to work with you if an emergency occurs.
How Receivable Financing and Factoring Turns Cash Flow for Business Challenges Into Opportunity
The chance for business owners to turn adversity into opportunity comes around rarely. The ability of your company to turn cash flow for business challenges into a major win in working capital and cash flow might just come from one of Canada’s newer forms of business financing, called ‘ receivable financing ‘.. more commonly known as factoring.For small and medium business it seems to always come down to two basics – getting the order, and then getting paid. The old ‘ cliché’ of ‘ the order is not complete until it’s paid for ‘… as trite as that sounds, seems to hold true even today.Many clients we meet with are in the enviable position of getting larger orders and contracts than they might have imagined based on their innovative products and services. But with that success, as we noted, comes the challenges of cash flow financing. During the past few years with all the economic turmoil it seems Canadian business financing options seem either limited or have disappeared – that’s certainly how many clients feel. The impact of accounts receivable growth is a huge challenge, not to mention inventory also of course.So we have waxed eloquent on the problem- That’s easy to do. let’s talk about the solution. Receivable financing, also known as factoring addresses the issues of your customers paying you in 30.60, or dare we say it, 90 days. You can carry those receivables, or…. utilized factoring as a method to turn your sales into immediate cash.Let’s cover off some of the basic requirements around how this innovative method of business financing works. When you sold the product or service you hopefully had enough gross margins in your cost of sales to make the sale profitable. If you are able to sustain another 1- 3% of gross margin erosion you can use receivable financing to turn sales into same day cash, which is what this financing is about.Let’s reveal and recap in a manner you can understand how this financing works. Your purchase orders or contracts must be ‘ clean ‘ from a viewpoint of being able to demonstrate you can recognize revenue on your shipment. We should interject at this point that the banks will finance your receivables also, but that comes with much stricter criteria and limits on the amount you can finance.That is why factoring has risen in popularity, it provides unlimited… yes… unlimited same day cash flow for your sales. Your challenge is to work with a trusted, experienced and credible business financing advisor who can steer you to the right partner with the type of facility that works for you. Although traditional factoring along the lines of the U.S. model requires your customer to be notified we are in fact a fan of this type of facility that allows you to bill and collect your own receivables, for all the obvious reasons.It’s important for clients to understand at its most basic how factoring works. You are advanced, on the same day as you invoice approx 90% of funds for your invoice. The remaining 10% is a holdback which creates a reserve and also covers the financing charges. When you customer pays you or the factor you receive the remaining 10% of your invoice amount, less the financing charge.In Canada cost of factoring ranges from 1-3% a month. It turns adversity into opportunity because you grow sales with larger gross and net margins, and if you utilize the financing properly you are actually in a position to reduce much, in some cases all of your financing costs by taking discounts with your own suppliers or buying smarter and in larger quantities. Reversing the cash flow for business problem – That’s a win win in the language of business.
Is Empower Network Real Or Is It Just Another Fad?
It is clear to me that you are here reading my article because you are searching for valuable information about Empower Network. You probably have heard about the Empower Network opportunity as being the latest network marketing company that a lot of people are talking about.You might have read the recent press release about me joining Empower Network. While this may not sound much of a clever idea for someone who doesn’t know a thing about this Network, I am telling you that learning about it deserves your attention. When everyone else is taking a huge leap of faith signing up as a member, it pays to know what the buzz is about because it might be the very opportunity that you are looking for as well.The Humble Beginnings of Empower NetworkIf you are already doing your research about the entire Empower Network thing, I guess you have already stumbled upon some interesting stuff about its launching and some of the challenges that it may have had in the beginning. However, allow me to recap just the same for the benefit of those who are reading an Empower review for the first time.The Network went live via the Internet on Halloween of 2011. It was one of the World Wide Web’s most shocking surprises especially for those who have been in the Internet and network marketing field for so long. People’s interest about Empower Network was on extreme levels, creating a commotion on the website’s traffic. The founders David Wood and David Sharpe were surprised on the overall reception that they were receiving from online users. About 10,000 applications were received during the first 2 days of its launch, creating an unpleasant impact on the website’s general performance.The servers of this network didn’t foresee such a warm welcome from the online marketers and was not prepared to host such humongous traffic that rapidly. The online activities of users wanting to become members had the website temporarily shut down. The Empower Network technical team had to fix the technical glitch and settle for manual applications for a while. It meant that they had to manually accept piles of faxed membership applications which too caused some headaches.The same scenario grabbed Facebook’s attention that it had to also shut down the EN Facebook page because of the unbelievably tremendous traffic that it was receiving. Great thing though, the network was able to figure out a web system that can handle an enormous online reaction. They were back live again shortly after the initial technical trouble.Why The Founders Came Up With Empower NetworkDavid Wood, who is the primary person behind the Empower Network genius (of course alongside with co-founder David Sharpe) was exposed to the network marketing industry at such a young age. His parents were active members of the more popular network marketing company called “Amway”. He used to come with his parents during Amway’s meetings, which spawned his interest on this type of opportunity. He even joined Amway separately and tried other network marketing opportunities. However, not all network marketing companies could promise sunny days. He was disappointed at a young age but this didn’t stop him from figuring out the best opportunity for him.David Sharpe, on the other hand, experienced life’s blows at a very young age. He had a child when he was on his early teen years and even got hooked into drugs. This premature suffering caused him to miss out on life’s greatest opportunities. He worked as a construction worker, dealing with the heat of the sun each day. However, he was invited to check out a network marketing opportunity that he was told to be a life-changing one. He signed up as a member and dealt with his shyness. He even recalls turning beet red when asked to speak in front of a large number of people. It was a great thing that he was able to overcome it and even discovered he had some great sales skills. To date, David Sharpe is one of the most credible sales letter write and copyeditor in the industry.David Wood and David Sharpe’s passion for network marketing saw a better opportunity when the Internet was first introduced. They were among the first ones to utilize the power of the Internet in their network marketing campaigns. Swinging from one network opportunity to another, Dave Wood and Dave Sharpe randomly bumped into each other and soon built a relationship over time. Then, they brainstormed a network marketing idea that has never existed before. Along with other creative authorities in Internet and network marketing industry, the two friends masterminded on the best, if not perfect network marketing opportunity.Understanding The Empower Network BasicsEmpower Network might seem to be a very broad system for some. Others may be scared to check it out because they don’t like to deal with overwhelming technical requirements. Let me assure you that these ideas aren’t relevant at all because Empower Network presents a simple yet effective Internet and network marketing system that even newbies can handle with grace.It Starts With Your $25This $25 isn’t a big deal at all for anyone who spends more that on lunch. Surprisingly, this little amount is only your initial investment to become an Empower Network member. Sounds great right? How exactly does your $25 work?Your $25 gets you to Fast Start Training. For an amount as low as this, you can have access to the Empower Network “Ultimate Instant Customizable Blogging Solution”. Reading the word “blogging” in this $25 offer perhaps gives you an overview of what you can get out of it. You probably understand that blogging is an essential tool for Internet marketing success so I bet you won’t deprive yourself of this strategy. With blogging, you generate traffic and leads, improve your brand and gain profits from this marketing strategy. However, blogging isn’t as simple as it seems. You have to work hard to achieve the amount of traffic that you desire. This is where the Network Fast Start Training becomes valuable.With $25, Empower Network gives you your personalized search engine optimized blogging platform so you won’t have to worry about doing the entire SEO work to get traffic to your site. This $25 blogging platform can even earn you as much as $625 per sale. I’d say that is a good investment.The Products• $25 per month Empower Network Viral Blogging System
• $100 per month Inner Circle Marketing Training Audios
• $500 one-time – Costa Rica Mastermind Intensive Training
• $1000 one-time – 15k Per Month Formula Webinars
• $3,500 one-time- New Costa Rica Masters Course VideosThe Figures MatterFor just about 72 hours of its launching, Empower Network has directly deposited over $250, 000 ++ in affiliate commissions to its members’ bank accounts. As of October 2012, a few weeks before Empower Network turns 1-year old, it has deposited a total of $14,455,603 to its affiliates’ bank accounts. Here’s a breakdown for you to see in which product affiliates earn the most from:1. Viral Blogging System ($25/month):… $3,650,703.00
2. Inner Circle Membership ($100/month):… $4,945,675.00
3. Costa Rica Mastermind Intensive ($500 one-time payment):… $2,967,182.19
4. The 15K Per Month Formula (one-time $1000 payment):… $2,892,043.00Why Choose Empower Network?Search engine ranking is one of the most difficult problems that most Internet marketers face. Besides the time and effort it requires to get viral online, SEO might be a tedious process to begin with especially if you don’t have any idea of what it is. This is what’s great about Empower Network. They have already developed a search engine optimized platform that is customized for every member so you don’t have to worry about dealing with your own SEO blog. Empower Network gives you an instant access to a fully-customizable search-engine friendly blog! As of writing, Empower Network website ranks top 1,200 worldwide, and is one of the top 200 sites in the United States.100% Commissions – Is That Even Possible?You might be wondering how the company is able to pay 100% commissions to its affiliate when it doesn’t even take a percentage of the sale. The answer is simple. Instead of Empower Network taking a lump of your earnings, it has a flat one-time fee of $19.95, enough to take care of its programmers, graphic designers, support team and customer service representatives. This method enables the company to pay 100% commissions for every sale.Do I Need A Merchant Account To Get Started with Empower Network?While you are used to availing a merchant account to start flaunting your own products or services to a host website, Empower Network makes this much easier for you. You only have to sign up for an e-wallet account, costing you another $19.95 per month. This is an undisclosed fact until you have opted-in for the $25 monthly viral blogging system.The Empower Network e-wallet works exactly just like PayPal. It handles and processes all the orders and refunds and puts in 100% of the commissions you earned in your e-wallet once a week. Your e-wallet can then be used to send you a check or transfer your monies (sales) directly into your bank account.Ready To Get Started with Empower Network?Choosing The Right Team To Work WithJoining forces with the right team is probably the best decision you can have when partnering with someone in any business venture. Team Take Massive Action is a leading community inside of Empower Network. Focusing on the 3 C’s of Online Marketing: Create, Capture, Convert. You will learn how to Create content, Capture leads, and Convert these leads to sales.The education that you will learn with Take Massive Action can be applied to any business. Team Take Massive Action is on a mission to create a REAL community of online marketers having TRUE success with their business.We invite you to join us…