Dollars And Nonsense

Mathematically, a ratio is one reason, ie the relationship between two numbers. They are a set of indexes, a result of linking two counts of Balance or Statement of Profit and Loss. the ratios provide information to make sound decisions to those interested in the company, whether their owners, bankers, consultants, trainers, government, etc.

For example, comparing current assets to current liabilities, we will know what is the capacity to pay of the company and whether it is sufficient to account for obligations to third parties. They help determine the magnitude and direction of the changes in the company for a period of time. Fundamentally, the ratios are divided into four main groups.

- Indices of liquidity. Evaluate the company’s ability to meet its short-term commitments.

- Management Indices or activity. Measure the use of assets and net sales compared to total assets, tangible fixed assets, current assets or items that composed.

- Credit ratings, debt or leverage. Ratios that relate resources and commitments.

- Profitability Ratios. Measure the ability of the enterprise to generate wealth (economic and financial profitability). But the advantage they give us the ratios, they have a number of limitations, including: Difficulties to compare several companies, differences in accounting methods of valuation of inventories, accounts receivable and fixed assets.

-Compare the utility in assessing a sum that contains the same utility. for example, to calculate the return on capital income for the year divided by the estate of the end of the year, which already contains the value obtained from that period and earnings per share. before this is preferable to calculate these indicators with the assets or the assets of the previous year. “They are always referred to the past and are not indicative rather than what may happen. “They’re easy to handle for a better present situation of the company. “They’re static and measured levels of failure of a company.

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A number of common and not-so-well-known factors can cause your car insurance premiums to go up or down, but whether your car is suddenly subject to a major recall is not one of them, experts say. Daniel Vasquez on consumer issues Consumer columnist

7:16 p.m. EST, February 24, 2010

among the bits of good news for millions of consumers affected by Toyota’s recent record recall: at least your car insurance rates shouldn’t increase.

A number of common and not-so-well-known factors can cause your car insurance premiums to go up or down, but whether your car is suddenly subject to a major recall is not one of them, experts say.

“It is unlikely that the recall will have much of an impact on insurance rates because insurance rates are based on historical risk,” said Lynne McChristian, a South Florida spokesperson for the Insurance Information Institute, a trade group.

McChristian explained insurance companies set rates based their own loss experience with a given truck, van or car. “Overall, the actual number of incidents with recalled Toyotas that resulted in insured damages or injuries is very small relative to the number of Toyotas on the road,” she said.

Unfortunately, that also means the recall won’t lead to lower premiums even when Blue Book values decrease due to a recall. “It’s not the value of the car as much as it is the cost to repair it that affects premiums,” McChristian said.

The cost of auto body work rose more than three percent in 2009 — about $3 dollars for each $100 charged for a repair. and, according to the U.S. Department of Labor, which publishes the Consumer Price Index, auto insurance rates rose nationally by about 4.5 percent in 2009.

How to keep rates down

The fastest way to lower your monthly rates is to raise your deductible, the amount you agree to pay out of pocket to settle an accident claim. Arranging to increase your deductible from $250 to $1,000 could lower your annual premium by up to 20 percent.

Owners of older cars could also consider dropping collision insurance, which should shave between 10 to 40 percent off your annual premium.

You can also ask for a discount. Many insurers offer lower rates for longtime customers, college students and retirees, as well as for those with good driving records.

And having good credit can also count. making your credit card and mortgage payments on time can keep your insurance premium down, while a history of late payments, bankruptcy and heavy debt can go the other way.

What makes rates go up

Traffic citations and accidents tend to make premiums go up fast. The more you rack up, the more you’ll have to pay. Extended periods of going without insurance may also cause higher rates.

Bad credit scores could also drive up your premium costs. Insurers often develop an “insurance score” or numerical ranking based on your personal credit history. Studies show that how well a person manages his or her finances is a significant predictor of insurance claims. For more information on how credit works in insurance, check out http://www.iii.org/individuals/Credit/

The more miles you drive, the more you’ll pay for insurance. Many companies, on the other hand, offer deals for drivers who rack up less than 10,000 miles a year or those willing to carpool to work.

Being older counts in your favor since it should mean you’re a more skilled driver. Anyone under the age of 25 should expect to pay higher premiums.

That new Dodge Viper or Chevrolet Corvette may look good in your driveway, but expensive wheels cost more to insure since they have cost more to repair.

Daniel Vasquez can be reached at dvasquez@sunsentinel.com, or 954-356-4219, or 561-243-6600, ext. 4219. to see more columns from Daniel Vasquez, go to sunsentinel.com/vasquez.

Check out Daniel Vasquez’s Consumer Talk blog for ways to spend your money wisely, use technology to make life easier and keep your family safe and healthy at sunsentinel.com/consumerblog

How to lower your car insurance rate

Bad credit mortgages … just using the term is enough to make you want to run the other direction. but for some people, it is the only way to get a home of their own.

So what exactly is meant by the term “bad credit mortgages”? There are several ways to look at it. either it means you have bad credit and so were given a mortgage that reflected your credit history or it can just be a way to refer to sub-prime loans.

Sub-prime loans are granted to people who do not qualify for regular conventional loans which can be either because of low income or a high loan-to-value ratio or a poor credit history. the number of these loans has grown exponentially in the past decade as so many people wanted to take advantage of low interest rates and get their own home.

Unfortunately, many people who qualify for prime loans wind up getting sub-prime loans. If they initially have trouble qualifying for a prime loan, they are often directed towards bad credit mortgages. While this may be the only way for some, many people do not need a sub-prime loan. as with most financial things, each lender has its own underwriting and approval guidelines and where Company a may be very strict with its guidelines for prime loans, Company B may be more lenient and be willing to give borrowers a chance.

So how do you know if you have or are being pointed in the direction of bad credit mortgages? Here are a few things to look for.

• The interest rate is usually much higher than what would be offered to those who are considered a good credit risk.
• The loan will usually include a lot of fees – an excessive number of origination points in addition to standard fees and interest. this is simply to compensate the lender for the risk of accepting bad credit mortgages.
• The prepayment penalties will usually be larger, another way to bilk the consumer since most loans are not maintained for the full 30-year term.

Sometimes the sales pitches on these mortgages make them sound so attractive that even “good risk” borrowers will want them. however, when you get down to the fine print and the details, these are not mortgages anybody would “choose” to have. they should only be as a last resort. when comparing terms, it might be worth it for you to simply wait a few years and clean up your credit or fix whatever problem makes you a candidate for bad credit mortgages. then try again in a few years when you will be considered a “good risk” and therefore qualify for better mortgage terms.Even if you think your only option is bad credit mortgages, be sure to shop around and get several quotes before making your final decision. Read the fine print, compare interest rates and fees, and ask questions to clarify anything you do not understand.

Bad Credit Mortgages – Predatory Lending Or Helping Those in need …

Creditshelper.info offers a wide range of debt management services to customers looking for debt relief. Their online debt management services include debt consolidation, debt negotiation and settlement. Their free debt consultation helps one understand and improve their financial behavior.

US, February 2010 – Often multiple loans strangle ones financial situation. Creditshelper is a friend in need for such people to start their journey to a Debt Free Life & Discover Financial Harmony the quick & Easier way. Their Debt consolidation helps lower the monthly payments and the interest rate of a person who has a large debt. a person in debt generally works with a debt consolidation counselor to find a way to consolidate all their debt into one, manageable monthly payment. the debt counselor does a free debt consolidation analysis to come up with a plan. If the potential client agrees to the plan, it is put into place. the client is under no obligation to accept the plan. the term “debt consolidation” is often confusing and can be misused by mortgage brokers and banks in order to sell someone in debt a high interest second mortgage or to encourage them to refinance their home. a second mortgage or refinancing can, in the long run, put a person further into debt and is certainly not a good solution. a loan is in all probability not the greatest solution to a debt problem.

Creditshelper’s debt reduction program is the fastest way to eliminate credit card debt and personal loans while avoiding bankruptcy. they help can reduce the total amount you owe – not just your interest rates, as in credit counseling. By negotiating a debt settlement, your money problems can become a problem of the past. Their debt reduction method is designed to help you avoid bankruptcy by reducing your personal loans and credit card debt significantly. they are not funded by credit card companies like most Credit Counseling Services. thus they can work in favor of the client. they consider you as client, not as creditor.

Millions of consumers are trapped in the debt spiral and look for debt relief, so they can have financial freedom. If you want to get relief from debt, you will do great by following Creditshelpers guidelines and services. Their self study course teaches you fundamentals of money, debt and credit. This can help you achieve debt relief. they cover every aspect of personal finance and help to develop good financial behavior. Their online debt management helps manage multiple debts. the services in this include debt consolidation, debt negotiation and debt counseling. To add to it, they offer free debt consultation with no conditions to take up the services.

About Creditshelper.info:

Creditshelper.info is helping people achieve a debt free like through their debt management services. they offer excellent debt consolidation, debt negotiation and debt counseling services towards making your debt installments lower

For more information visit: http://www.creditshelper.info

Press Contact:
Bradley Langeheine
1546 Hunter Drive Dover
Suite 106,
ditshz@gmail.com
717-542-8328
http://www.creditshelper.info

Debt Consolidation Company Helps Thousands in US and Canada …

Identity theft can occur in a number of ways, including having a credit card stolen.

However, cashiers may be able to avoid the fraudulent use of credit cards by making sure they ask for identification and verify a signature on a receipt matches the one on the back of a card.

A recent investigation by Houston television station KHOU showed that cashiers at Sears locations in the area processed transactions despite the fact that the purchaser was using a credit card that wasn’t theirs. Along with never asking for photo identification, some of the retailer’s employees neglected to double check signatures.

“Our policy states that cashiers should match the signature on the sales receipt with that on the back of the credit card,” company spokeswoman Kimberly Freely told KHOU. “If the card is not signed, a picture ID is required.”

Because of the findings from the station, the company will retrain employees at more than 2,150 Sears and Kmart locations in the U.S., including those in the Houston area.

Though credit cards do provide an avenue for identity thieves, federal law does limit the amount of liability for cardholders. According to the Federal Trade Commission, consumers are limited to $50 in liability per card.

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Tags: cardholders, credit card purchases, credit cards, federal trade commission, identity theft, kmart, sears

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Neglect at cash registers leads to Sears, Kmart employee training for credit …

There are many companies out there that work specifically with people who have bad credit. getting credit cards from these companies can be a great way to get exactly what you need when you can’t get approved anywhere else. However, there are some things that I think everyone should know when it comes to getting credit cards bad credit. When you apply for bad credit cards, the company already knows you have bad credit. However, they might still run your credit anyway just to see how ‘bad’ it really is. For example, someone with three collection accounts that have been paid off will likely be approved while someone with five revolving accounts and two unpaid collections will usually be more likely to be denied.

It’s all a matter of the various terms and criteria that creditors use to determine approvals. For the companies that offer credit cards bad credit or not, credit checks might not be essential. keep in mind that the ones without credit checks either have more fees than they’re worth, are prepaid, or are company-specific, meaning that you can only use them at the creditor’s website or store and will be forced to pay much higher prices for the things that you buy there.

If this is the only means that you have to rebuild your credit, then it might be worth the investment. no matter how bad your credit is, though, you should never get credit cards bad credit approved that have fees that take up more than 1/3 of the available credit. For example, if you’re offered a card with a $300 limit, and the annual fee, application fee, and one-time acceptance fee (basically their way of taking your money) are $250, don’t bother. Wait a few more months until your debts clear up to apply for credit cards. If you have debts that aren’t paid off, don’t even THINK about getting another credit card.

Take the money that you make and pay off your bad debts FIRST. then, while you are waiting for your paid debts to come off of your credit history, you can try to get a bad credit card to help with credit repair. Credit cards, bad credit approved or not, are very tricky business if you aren’t able to use them responsibly and understand the terms you’re agreeing to. next time you’re going to apply for credit cards, bad credit or not, you’ll be more informed to make a good decision.

Credit Cards bad Credit Style – the Truth of 'no Credit Check' Cards

BY John Lauinger
DAILY NEWS STAFF WRITER

Friday, January 8th 2010, 12:32 PM

A man rammed his SUV into a Staten Island laundermat, stole the cash register and got away clean, cops said.

Cops released security-camera footage Thursday that showed the robber’s lightning Dec. 26 caper at the Five Star Laundry Mart on Hylan Blvd. in Old Town.

The whole cycle took a mere 14 seconds.

The video shows the bandit, who wore an International Brotherhood of Teamsters jacket, bashing his dark-colored SUV into the laundry’s glass front door.

He darts through the shattered door, pushes his way through a mass of laundry baskets and sprints around a counter. He rips the register out of the counter, retraces his steps and drives off.

Cops would not say how much loot the robber bagged. the suspect is described as white, between the ages of 35 and 45, and standing roughly 5-feet-7 and 175 pounds.

Cops ask anyone with information about his whereabouts is asked to call Crime Stoppers at (800) 577-TIPS.

Man rams SUV into Staten Island laundermat, steals cash register and makes …

OTTAWA (Reuters) – the Royal Canadian Mint unveiled awelcome addition to any piggy bank on Thursday — a monstergold coin with a face value of C$1 million (455,000 pounds)that it says is the world’s biggest, purest and highestdenomination coin.

Weighing in at 100 kilograms (220.5 pounds), the limitededition coin easily dwarfs its closest rival, the 31 kg (68pound) “Big Phil”, which was made to honour the ViennaPhilharmonic Orchestra and has a face value of a mere 100,000euros (C$150,000).

the Canadian mint introduced the mega-coin, which is thesize of an extra-large pizza, alongside the one-ounce goldbullion coins it is mass producing at its Ottawa plant.

Originally designed to promote the new one-ounce coins, thecolossal 100 kg coins will be produced in a very limitedquantity. A U.S. precious metals distributor has ordered threeand there is interest in Asia and Europe, the mint said.

at 53 centimetres (21 inches) in diameter and over 3 cm(1.2 inches) thick, the massive coins need a high level of handcrafting.

while it has a C$1 million face value, the coin is worthmore than twice that amount given the current gold price of$683.30 an ounce.

the new coins are both adorned with a maple leaf and boast99.999 percent purity, a notch above previous purity peaks of99.99 percent.

“Since the Royal Canadian Mint upped the ante on the restof the world in 1982, by raising the purity of gold bullion tofour nines pure (99.99 percent) other nations have come on thescene … Austria, the United States, and Australia being thecase in point,” said mint spokesman Alex Reeves.

“We compete for market share with all of these countriesand we decided that the time was right to do something to standout from the crowd once again.”

Bullion and refinery services generated almost C$281million in revenue in 2006, more than half the mint’s totalsales of almost C$494 million.

Spare any change? Canada unveils $1 million coin