Author Archive: Russell Kehoe

Mistakes to Avoid When Taking a Personal Loan

personal loan

One can take a personal loan from reputable money lenders to meet his/her financial needs. For instance, you can use the money borrowed to start a business, fund home restoration work, consolidate your debts, or make an important purchase.

Applying for a personal loan is very easy since there are few requirements. However, here are some things that you need to do to increase your chance of getting a personal loan from money lenders. Let’s have a look at the common mistakes that a borrower should avoid when taking the best personal loans.

Selecting a Loan Amount Arbitrarily

How are you planning to use thiloan moneys money? Consolidating your debts or paying off your medical bills? You should do your homework before contacting a money lender. First, you should identify your needs before contacting a money lender. There is no need to borrow a large amount of money that you need. When choosing a moneylender, you should shop around and consider the repayment terms, fees, and interest charged on loans. In addition to this, you should ensure that the money borrowed is prudently used. In general, you should borrow money from lenders with flexible terms.

Failure to Assess Your Eligibility

Borrowers should gauge their repayment capabilities before getting money from financiers. Most lenders have a list of eligibility criteria that allows people to choose the best repayment options. Some lenders will also you to submit some crucial documents like bank statements and salary slips to prove that you can repay your loan in time. In addition to assessing your creditworthiness, you should also ensure that you have a good credit score before contacting a money lender. It is essential to visit the lender’s website to check the credit score requirement.

Hiding Existing Loans

Somedebts people are tempted to hide other loans that they have applied online or from other branches. Existing debts can affect the borrower’s debt-to-income ratio. Lenders will not lend you money when they discover that you are not honest. Remember that your loans are revealed by your credit report.


Settling for High Interest Rates

Moneylenders offer loans with competitive terms and conditions and fees and other extras. It is advisable to avoid taking a loan that has a high interest rate. Generally, borrowers should choose loans with great rates, and that fit their bills. To get the best deal when taking a personal loan, you should choose a loan that offers the longest tenor. Longs with long tenors are convenient since they come with small monthly installments.

How to Pick the Right Venture Capitalist

venture fund

One of the challenges faced by most startups is a lack of capital. Most of them lack the money to stock or expand their businesses. This is one thing that can pull you down as a small business that is starting up. There is a variety of options you can try out for some financial assistance. You can look for a venture capitalist who will fund your business.

They are companies or individuals who splash some capital in a business, mostly startups in a bid to grow them. Venture capitalists will have some level of ownership in your business as a result. This gives them the opportunity to make some decisions in your business or company. Their participation is in a bid to safeguard their capital and makes sure there are high returns.

With time, you will experience some significant growth in your business. The good thing about venture capital is that it is totally different from a loan scheme.

You don’t have to worry about paying back loans or any debt for conducting business. Venture capitalists will also help in managing your business which may be a challenging task for you as a startup. There are several things you need to consider when choosing a venture capital firm. They include:


You must consider the reputation of a specific ventureventure capital fund capital investor. This may be according to their experience and previous performances. Get to know their history. What role has a particular venture capitalist played in uplifting startups? Considering this will help you settle for one who will scale your business to a different level.

Area of Operation

You need to look at the specific area a particular venture capitalist operates. The kind of resources they have determines the region they operate most. Your business will get the much-needed attention if you find one that is active within your geographical setting. Consider this important factor.


There are so many capital venture investors out there. You might be spoilt for choice on who to pick. It is important to carry out some proper research and make comparisons to find out who is the best. Make good use of different sites that have ranked them according to their credibility, performance, and several other factors if you want to get the best.…

Tips to consider when choosing a merchant service provider

master card

The concept of merchant services is not new to most successful entrepreneurs. However, if it seems new to you, then you need to understand how it operates. You need to research and at least know some of the benefits you are likely to receive after you have practiced this concept. However, this is one of the market strategies you need to use on your business. This is because there are many new marketing techniques you are likely to get after you have decided to adopt it.

It is essential to understand that payment processing is a crucial requirement for all businesses. That is why you need to look for the best deal on your merchant account. This can be easily achieved if you know the main factors to put into consideration. However, you need to ensure that you understand these services before you go for them. Also, it is crucial to note that it is straightforward to Transact after you have selected the best merchant service, provider. The following therefore are some of the tips to consider when choosing a merchant service provider.

Who provides merchant services?

visa cardBefore you choose your merchant service provider, it is essential to make sure that you know who provides merchant services. However, merchant services are offered by specialized companies that are being referred to merchant account providers. Some various organizations are offering this type of service. That is why it is essential to know who provides these merchant services first.

The type of company that suits your business

This is another factor that you should remember when choosing your merchant services. However, you need to select the type of merchant service company that will suit you based on the size and nature of your business. Therefore, if you have a home-based business, it is advisable to consider independent merchant companies.

Credit cards

If you consider merchant services to your business, it is important to accept credit cards. This is because it will charge you a small percentage of the payments that you are likely to receive. Also, it is essential to use credit cards because they add professionalism to your business.

The type of payment processingmaestro card

This is another crucial aspect you need to put into consideration before you choose merchants services. If you have an online business, it is essential to select a real-time processing since the charges from your customer’s credit cards will be processed immediately when an order is placed.…

Benefits Of Employers Liability Insurance At Work Place

men climbing building

Reputable companies embrace all the legal requirements to avoid complications when there is a problem. One of the compliance they take is the employer’s liability insurance. This kind of action not only shows how serious a company respects and values its staff but also comes with many benefits to both parties. Any employers must embrace this kind of insurance by all means. If you are looking for a good broker to make employers liability insurance for your business, then visit the internet to see some of the best and what they can do for you.

Benefits of employers liability insurance

Shows compliance with the law

Well, as an employer, you probably know that employee compensation guidelines are regulated by various employment Acts in your state. Sometimes the employees’ health and safety may be affected like in the case of an accident. In such a case, the regulations guide on how the employer takes liability to such a case. Therefore getting the relevant insurance cover to take care of that is an indication that you are compliant and willing to perform your mandate.

man on chairwheel

Give compensation to a deserving employee

No one wishes for bad things to happen to any employee at a workplace. However, accidents do occur sometimes, and staffs are injured or even become disabled. Sometimes employees die as a result of a work-related cause. In such a case, an employer with an employer liability cover will have the compensation done fast and as directed in the guidelines without beating around the bush. This is beneficial to both parties for the mutual respect.

The company does not have an all of a sudden strain financially
Small and medium size companies may not have a lot of finances to give a big compensation that was not in its financial plans. No one knows when a compensation will be needed. Therefore, this can cause problems or even affect the business negatively. However, with an employer liability insurance plan, the company pays affordable premiums, and in a case of any need for compensation, no company financial budgets are altered.

finger injury


As a tip of advice, it is crucial for a company to have a cover for all staff both permanent and on a casual basis. The trainees also need insurance as no one know who can get injured in the course of working or not. Get the best broker available to take you through this tasking process and negotiate the best deals with an insurance firm.…

Factors To Consider Before Getting Short Term Loan


Unexpected situations may occur that require an instant solution. And mostly, in this case, we are referring to quick cash to fix the unexpected financial crisis. Most important, there are some of the short term loans lenders that can be of help if faced with this kind of challenge. But it is advisable to know some of the basic things before you decide to borrow money from LoanRy. Therefore, the following are some of the factors to consider before getting a short term loan.

Lending company

It is important alwaymoney s to consider which company you are borrowing the loan from. Some of the companies offer high-interest rates that may be you cannot be able to meet their standards based on your financial capability. Therefore, it is essential that you borrow your short-term loan from the company that is reputable.


It is advisable to borrow the exact money that you are in need of. Because if you apply for extra money beyond your needs, this will affect your financial status because you always need to remember that what you have borrowed is a loan and you have to pay the interest on the amount that you borrowed. Therefore, that is why it is good to borrow the amount that you need because if you borrow a higher amount of money, you will have to pay a higher interest rate.


Mostly, emergency loans are the ones with high interest. It is good always to remember that you have to pay higher interest to the lending company if you were in a position of holding the money at short notice.


Before applying for a short-term loan, it is good always to check whether there will be fees that will be charged from the amount that you will have decided to borrow. If you do not want to incur some of the extra deductions, it is good to clear these issues before agreeing to apply for the loan.

Credit score

Bedollarsfore agreeing to take a loan, ensure that you have a good credit score which will not affect you with the loan that you are yet to borrow. Having a bad credit score can not affect you from borrowing because there are some of the lenders that allow those with bad credit to apply for the loans.

Time and contract

For those who are interested in getting the short-term loans, there are specifications on the paydays that you will be allowed to borrow and pay your loans.It is good to read the contract clearly and understand all the requirement before you agree on taking a loan.…

The Advantages And Disadvantages Of Pension Release

There are several advantages of accession your pension funds before state pension age. Unfortunately, there are also drawbacks. In this post, we will outline both pros and cons of pension release. You should learn How to release your pension first. It is our aim that you have a good understanding of implications of cashing your pension. In this way, you will not have any regrets about your future.

What is early release?

Before you go to advantages and disadvantages of cashing in your pension early, you need to understand first about this topic. There are two main forms of early release; one is financially viable and legal, the other is not.

Advantages of early release

It can be coold couple unterproductive to consider taking your pension funds before they reach the retirement age. In any case, there are many reasons to go this route. For instance, you may have built adequate wealth before you get to the age of 60. Others are forced to stop start working early as a result of medical conditions. Studies show that a lot of people are leaving the work life in their early 50s.

Access to cash

In many instances where many unforeseen circumstances force early retirement, there is a need to have cash that allows you to remain self-reliant to a given extent. A lot of people see it as a great option instead of having to rely on their families or government for financial support.

Greater flexibility

This is another benefit of releasing your pension early. No matter the strategy you adopt, the move offers adequate flexibility. For instance, you will not have to wait until you are 65 to get your money. In most instances, converting your pension into annuity may not be the best option. When you release your pension, you have several opportunities to invest or spend the money, which you have saved.

Debt repayment

Retirement can become enjoyable when you do not have debts hanging over your head. Be ready to release pension funds to retire high-interest debts.


Reduced return

Each withdrawal of the pension scheme means you will have less money than what is remaining in your account. You need to be careful as far as early release is concerned.

old woman


As much as the new laws have greatly reduced the amount of taxes that are paid on the pension funds, not all of them have tax liabilities.

Fees and charges

Pension administrators assess fees and charges to release transactions. If these charges and fees are adequate enough, they may take a lot of your pension to ensure the early release is worth it.…

Best Tips When Looking For Direct Debit Bureaus


Direct debit is the best way small businesses can collect payment. It will fit perfectly with all business man practices that he/she has to do regularly, and another good thing about direct debit payment is that it’s the most cheaply online method of payment. With the help of the right direct debit bureau, the owners of the business will receive the best from the debit direct. A direct debit bureau is the third party who you will give the money to, and he will be able to submit it to the direct debit system.

Best tips

Tracking the payment

currency The bureau should be able to provide in-depth reports of all the payment that you make and all the failed payment. They should always keep you updated on what is going on with your payments. Look for a bureau that will always send your reports via email. The email should contain coded messages detailing the information about each payment and if it failed or successful.

The cost

Many direct debit bureau will choose not to publish the price that they offer online because of so many reasons. The cost will vary from one bureau to another, and it will also depend on the services that you will need from the Bureau. If you choose to get the whole package that is involved in direct debit, then the payment will be a bit costly.

Submitting the payment

Look for a bureau that does not have a very complicated procedure of sending the payment. When you can send the payment will vary from on bureau to another, some will allow you to submit any time of the month and some the payment is supposed to be done twice a month. When looking for the best bureau and you are considering the payment method then choose something that will work best for the payment method that you have planned.

The systems

If the bureau has systems that you will bale to integrate them with the payment system that you have, it will be able to save you from the hassle of re-keying manually. Not all bureaus can offer this integrating process. So before going ahead and choosing the company make sure that you talk to them and ask if they offer the integration process.

The restriction

money Different Bureaus have different limits, like the limit amount a customer can pay a month. The restriction should also not be so many because it will limit you from getting the best when it comes to the direct debit.…

Mis-Sold PPI – Are You A Victim Of Mis-sold PPI?

At a time when mis-sold PPI haven been consistently hitting the headlines, most people are suspicious of almost of loans and credit payments made in the past. Was I mis-sold PPI? It has been a common concern in this decade. At least 15 million complaints have been handled in the past, and it is believed there are millions of pounds that are yet to be claimed. With all the negative news on this otherwise necessary insurance policies, here are criteria that could help you determine if your plan qualifies to be regarded as mis-sold.

If you do not remember being offered PPI

man stressing out This might seem simple, but if you do not remember discussing PPI, there is a real chance that you are a victim of mis-sold PPI. As such, if you do not recall your lender, bank, or broker mentioning something about it at the point of sale, there is a high chance this policy was sneaked to your loan without your consent.

If you were not eligible for PPI

Not everyone is eligible for PPI. To qualify for this policy, you should fit within a particular criterion. Failure to meet the qualification makes you ineligible for any benefits. However, some lenders or brokers sold these policies to individuals that were not eligible. Different types of people were/are eligible for PPI. If you paid for PPI when you were self-employed, younger than 18 years, you did not have a full-time job, you had a pre-existing medical condition, or if you are past the retirement age, you might have been mis-sold PPI.

If you were already covered

signing If you are already covered in an another type of pre-insurance policy, chances are that you already have an active PPI. As such, having a PPI Policy on a loan or some credit agreement is not only unnecessary but illegal. If you are convinced that this has happened to you in the past, you are a victim of mis-sold PPI and you are entitled to compensation.

If your situation is covered here, you can determine whether or not you are a victim of mis-sold PPI. In case you situation is not covered here or you are not sure, it is advisable to reach out to a ppi claim company. The good thing about working with a reputable company is that they not only help you get your money back, they can also evaluate and give recommendations about your case without charging anything.…

What You Should Know About Cash Advance

money and piggy bank

For a business to run smoothly, it must sustain a continuous cash flow. In most cases, small businesses operate under financial constraints. In return, this deters efficient business operations. For instance, debtors may fail to pay their debts on time. Thus, to avoid inconveniences that come with such, the management may opt for a cash advance.

Is a cash advance helpful to a business?

If you have plans to make your business successful, a cash advance can be significant. However, taking a cash advance does not guarantee that you will make the most out of it. You have to put plans into place and channel the amount of money to meaningful use. A cash advance can be channeled to any of your business activities. For instance, you can use the money to pay your staff, expand your business, and buy stock among other things.

How can a company get a cash advance?

A company can employ many ways to get a cash advance. Merchant companies can attach several of their anticipated credit cards. This will not only ensure they get a cash advance, but it will guarantee cash advance at a low interest rate. Another option is to use your account receivables as security. With this plan, you receive a cash advance. The moment your creditors pays, the factoring company receives the agreed amount.

Are there many procedures involved in taking a cash advance?

money Unlike taking a loan, where you have to go through many procedures before you get your loan approved, this is not the case with a cash advance. There are no many processes involved in taking a cash advance. Also, cash advances are processed quickly. If you have a high credit score, you may consider taking a cash advance as opposed to taking a loan. The reason is simple, a high credit score, limits the loan amount granted and lengthens the loan borrowing procedure.

Flexibility in repaying

This is a key benefit of cash advance. This feature of cash advances allows small business to grow with much ease. There are no fixed terms in terms of paying the amount advanced. Some companies allow you to state how you would like to pay the amount. In other instances, if you fail to generate a stable income, the lender may allow you to pay the amount later though at a small interest.…

Best Tips For Hiring A Debt Advisor


As days goes by, the state of the economy is becoming even tough, and the purchasing power of people goes on diminishing making it a bit challenging to meet their basic needs adequately. The need, therefore, arises to plan properly for the very limited finances available. We have to admit it, not all of us have vast knowledge in debt related activities which make it a bit challenging to make an informed decision on the same.

Important tips for hiring a debt advisor


There is, therefore, need to invest in services of a qualified debt expert to avoid falling into even worse financial crises now or in the future. Visit Creditfix – IVA, to see some of the debt solutions you can get from this debt consultant. This article will take you through some important guidelines in choosing the best debt advisor to help you address your financial needs.


Look for the qualification and experience

A good debt consultant should have papers which indicate his/her academic skills. You need somebody who is proficient and has adequate knowledge in debt related matters. You need someone who has been in the field for some time and can give general financial tips as well. This will be important since he is in a good position to use past information or experience to make a prediction on the likely condition in the future. The more experience a debt advisor is, the more reliable is the information that he gives.


You don’t want to deal with somebody who is not even certified to engage in debt consultancy. How can you even trust such a person? Certification is essential as it proves that the individual has been vetted and approved to carry out credit consultancy after meeting all the qualification to be a debt advisor. Usually, it is a requirement for this professional to display their certificate in their offices so that everybody can see.

Should have an Office

A good debt advisor must have a physical address where you can always go anytime if you want to see them. The offices communicate a lot about a person, whether he is an organized person or not, Luckily, technology has made things easier as you can now have a physical office as well as a virtual office.


Should have a working website

Most of these debt consultants are using the online platforms for them to have a wider market for their products. For such debt advisors, they should put all their credentials such as their personal qualification, contacts, and addresses on their website for their clients to see. They should always be very quick to respond through their online platform for it to be efficient and reliable.…