Take Advantage Of A Secured Loan Calculator

Going online to find the cheapest rates of interest and best deal when it comes to taking out a loan is one of the quickest ways of getting the best deal and a specialist website will make some of the best tools available to make the job of securing the cheapest rates of interest easy. One of the best tools is the online secured loan calculator, by using this tool you are able to search with the whole of the marketplace to make sure that you have to best loan possible.

Interest rates for secured loans vary greatly so the more quotes you can get before you decide which to take out the better chance you will have of getting the best deal possible with the lowest rates. An online secured loan calculator makes this task easy and quick and along with this you are able to get a vast amount of information regarding secured loans so that you are able to make the right choice when comparing quotes.

A secured loan allows you to borrow a much greater amount of money over a longer period of time than an unsecured, personal loan would, but you have to remember that the longer the term of the loan then the more interest will be added onto the cost of the borrowing. You also have to take into account this is a secured loan which means that you are going to be putting up your home as security against the amount you are going to borrow, the amount you are actually able to borrow will depend on how much equity you have in your home along with other factors. As you are using your home as equity and security then while you are repaying the loan your home is at risk of being repossessed if you cannot manage to keep up the repayments.

A secured loan calculator will help you to not only find the cheapest rates of interest and best loan but will also be able to help when it comes to deciding how long to take the loan out over and how much the monthly loan repayments will be. You will have to compromise against monthly low repayments and the length of the loan bearing in mind it will accumulate more interest over time.

Once you have got quotes using a secured loan calculator then you have to also compare the small print and key facts of the loans. However a specialist website should include these in with the quotes for the loan, it is essential that you do read these as this is where you can find additional costs which could be added onto the loan, examples of such costs include early repayment fees and payment protection. Payment protection insurance should not automatically be included in the cost of the quote but it has been known to happen, so check to make it hasn't. If you want peace of mind that payment protection can bring then you can buy it independently with a specialist provider much cheaper.

Bad Credit Is Not An Issue With Adverse Credit Secured Loan

For borrower who wants to avail loan, bad credit has always been a stigma. Adverse credit disables a borrower to take a loan, as lender finds it risky to lend to the borrower. Unfortunately, there are large numbers of borrowers in the UK suffering from bad credit.

Adverse credit secured loan is designed for homeowner or property owner borrower who is suffering from bad credit. It relieves homeowners suffering from bad credit by allowing them to take a loan easily. This loan is secured, and what borrower only needs to do is to put some sort of collateral to lender against the loan amount. Presence of collateral puts lender at no any risks, and borrower gets the loan easily.

Now, when there is stiff competition in UK loan market, there are numerous options as well as lenders available for borrower willing to borrow adverse credit secured loan. Online lenders are always a good option to look for this secured form of loan. Applying online can give borrower many privileges, such as, he can compare various loans through loan calculator, and even he can get his loan sanctioned and processed in easy and fast way.

Normally, borrower having bad credit is charged higher interest rate on his loan. But due to collateral presence in adverse credit secured loan, the interest rate is not high. Plus, borrower has freedom to borrow any amount between 5000 to 100000, which can be repaid between the period 5 to 25 years depending upon the size of borrowing amount.

While taking adverse credit secured loan, one must be cautious in repaying the amount on time. If not repaid on time, it can incur upon them legal action, and one can also lose the property which he has kept as collateral. Besides, borrower ought to stick to terms and conditions of lender upon which he has agreed to pay the loan amount.

The loan amount of adverse credit secured loan can be used by borrower for several purposes, such as, debt consolidation, wedding affairs, car purchasing, house renovation, education, etc. Along with it, this loan helps borrower to improve his credit score. Because, if the loan is paid back on time, credit score gets improved automatically.

In adverse credit secured loan, several benefits, such as, lower interest rate and long repayment period can help borrower in getting rid off risk of losing their property. Availing this loan is an easiest way for homeowners in UK to sort out their financial shortages.

Car Loan Repayment Calculator - How it is Calculated and Why it Costs You More

First, let us say that you borrow 4000 for a year at 20% interest. With the banks, that interest is applied over the year on a daily, or maybe a monthly basis. For example, they work out how much you have left to pay and then calculate one day's interest on that amount. As your balance reduces, the interest charged each day reduces. This makes it very a complicated calculation, as you need to take into account how much has been paid off before you calculate the interest.

But the situation is much easier with car loans! That, unfortunately, is the only good news. If the interest rate is 20% and the amount borrowed is 4000, then the interest for the year is 800. Simple. But the bad news, when you look closely, is that there is no credit given to the amount of the loan that has been repaid. Each and every month the interest charged is the same.

This situation is worse still as the term of the loan is increased. On our example load, the interest over 3 years could be 800 per year or 2400 in total. Yes, with a bank calculating the interest in the daily manner, you would reasonably expect that after 2 years at least half of the loan would have been repaid, so the interest charged each day or month would have halved.

There is also another way that the car loan gets more money from borrowers. People giving out car loans are usually happy for you to pay it off early if you wish. This is not always the case with the traditional bank loan and if you are likely to be able to pay off extra amounts you should check with your lender whether it is allowed.

So why are the car loan lenders happy to let you pay off early? Well again it is down to the simple way in which they calculate the interest. Because they calculate the interest on day one and apply that to your loan, whether you pay off the loan in the agreed term or in half of the time, they still receive the same interest. In fact, if you pay it off early, they themselves then have the extra cash available to lend to another lender. So there is no reason for them to refuse over payments. But with a traditional loan if you pay it off early, you are then no longer paying the interest and the lender loses out.

With this initial calculation of interest, a car loan repayment is a lot easier to calculate than a traditional loan, but the lender ends up charging you a lot more interest over the course of the loan and there is no saving if you pay it off early. Before you sign on the dotted line for a new car loan, ask your friendly bank manager if they have any suitable loans available and what they would cost.

Choose Secured Loans Among Different Loan Types the Online Way

Why waste your valuable time and energy visiting and speaking to high street lenders to avail a loan or other financial products when you can use the Internet. These days it is so easy and convenient to research, apply and quickly obtain what you want and need online.

An online secured loan is particularly easy to avail. You simply need to look at the websites of different lenders and find the ones that best suit your budget and financial needs. You will be asked to complete a short one-step application form, including information about your financial position and also about the sum and term of loan required. In return you will receive quotes from the lenders detailing their terms and conditions and also the interest rate of the loan in question.

The process is not only quick but also very convenient as you can go online at a time that suits you either day or night. It is also worth mentioning that by using the Internet you won't be charged any fees for information or for processing a loan application.

With regards to an online secured loan, it is provided to you against collateral that you need to offer. The collateral is normally your home or property but you can use other assets such as a car, jewellery etc provided that the value of the asset covers the amount of the loan.

The collateral gives the lender piece of mind that the loan will be paid in full. If it is not then the lender will seize your asset and sell it to recover any unpaid money and because of this lenders are even happy to offer a secured loan to borrowers who have a history of bad debt.

It is worth knowing that because of the security of the collateral you have ammunition to get the best interest rate available from your lender. Online secured loans can range from 5000 to 500,000 with repayment terms of 1 year up to 25 years. The money borrowed can be used for a multitude of purposes including home improvement or repair, a new car, holiday, education, wedding, debt consolidation etc.

There are many advantages to online secured loans; lower interest rates, repayment terms to suit your needs, there is the use of a loan calculator which calculates the interest rate for you, any documentation and paperwork is brief, the process is quick, easy and convenient and there is no chance of your information being used anywhere else as everything is confidential.

Commercial Loans - What Qualifies As a Business Loan

Those planning on starting a business or need some additional capital for funding an existing business can take out a business loan. This loan is unique because it only applies to the business entrepreneur. Most business loans have a re-payment schedule with an interest rate applied to each re-payment.

Before one applies for a business loan, it is important to take into account how much is needed, the time it will take to re-pay, the amount of interest, and of course what you need as collateral in order to make the loan.

Amounts that can be loaned to business owners will vary. The need for the loan is usually the most determining factor. Needs for a business loan include funding for projects, expanding, or as simple as start up money for a good idea.

The amount needed will be determined by the business owner. The size or equity in the business is also a determining factor. A big company and a small business will differentiate greatly in the amount needed for expansion. The bigger the idea and plan is for expansion,the more money will be required to loan.

To determine your interest rate, banks will need to see how much co-lateral is in your business to seize in case you fail to make loan re-payments. Also, the business plan for expansion needs to be sound. Last but certainly not least, the bank needs the borrower's credit approval. Something to also consider is that the government sets a cap on how high the interest rate lenders can impose on borrowers.

Lenders first look at the reason for the loan and work from that point. When the loan is approved, the next step is to iron out the payment schedule for satisfying the debt with interest.

There are some options to consider when repaying a loan. One way is to pay back a certain amount for a period of time, known as amortization. Usually these payments are of the same fixed amount. Another option is to have a minimum payment due each month but still having the payment with interest due in its entirety at the end of a fixed time period.

If you are the owner of a small business, you may be able to use personal property as collateral to satisfy the lender. It is important to realize that the collateral used, personal or business, can determine the amount that the lender will give. Remember that the type of collateral used can determine the maximum allowable amount that can be loaned.

Easy Access to Beneficial Loans - Online Secured Loans

Secured loans can be rightly entitled as sound financial assistance. These help a person to combat financial problems easily and without any inconvenience. These loans can be also accessed through online method and are known as online secured loans. Let us get in to these loans to have a basic understanding about these loans.

Online secured loans as the name implies is are basically secured in nature. Here as a borrower, you are required to place any of your property as security for the loaned amount. Now, as you place security, lenders very often offer you several benefits. Some of these are mentioned below:

Under online secured loan, a borrower can access a good amount of money which ranges from 5,000 to 1,00,000 pounds. Here you get a wider repayment duration which varies from 5-25 years. This is surely good repayment duration for all in quest of financial assistance.

Online secured loan can be accessed to satisfy any of the personal needs of a borrower. You can use these loans for holidaying, educational purposes, home improvement etc. You can even use these loans to consolidate all your unpaid debts. Thus, these loans are really flexible in terms of their usability.

Online secured loans are open for all types of credit holders. Thus bad credit holders can also access the facilities of these loans along with good credit holders.

As a borrower, you get the flexibility of attractive rate of interest under online secured loans. Moreover online method of applying for these loans assures you quick feedback from your lenders. You can do everything at the comfort of your home. And with the help of online loan calculator, comparison tools, you can compare the loan quotes. In this way, you can get the best existing offers regarding online secured loans.

House Loan Calculator - A Valuable Online Home Loan Tool

There are many decisions to make when securing a new home loan or a refinance. There are equally as many decisions to make when deciding how much your monthly mortgage payment should be. Remember, it is up to you. The minimum payment will be determined by the amount you borrow and what the interest rate is, but the amount you pay on top of the minimum is completely up to you and can save you a tremendous amount of money. This is just one way a house loan calculator can help borrowers.

A house loan calculator is a great tool and there is one for each need. Below is a short list of the most often used house loan calculators.

- Required income. Figure out how much you have to make to qualify for a specific loan. - Minimum payment. How big a loan can you afford to take out so that your monthly payments are affordable? - Fixed rate or interest only? See the differences and decide. - Time to refinance? See what a new rate will do for you. - Stop renting? Is it time to buy? - Down payment or points? Help in making this decision. - Loan term. Help in deciding the length of loan you should go with. - APR. Figure out what the APR will be. The interest rate the lender is offering is only half the battle. - Type of refi. This one will help you decide which type of refi will work best for you.

How Loan Calculators Can Benefit You

The myriad of loan types and amounts along with what you are going to use the loan for are often a time you need one of the many loan calculators available. These useful inventions has a hand to play for the average person, that does not deal with the complex calculations, involved with determining what you will be paying back each month and in total.

Depending on the type of loan you are applying for, be it a study loan, personal loan or even a home loan, there is an appropriate calculator available for it. Usually agent costs would prevent many from finding the right loan plan for them and often lead to complications down the line. Doing your research beforehand has proven to save you time and money, and loan calculators are most useful in this case.

Available freely online, are several options for any loan calculator you may need and frequently, with your personal bank, you will find friendly service that will assist you with answers to your questions and information you may not be aware of yet.

Options ranging in financial assistance in the form of a loan, can be confusing, yet spending some time getting to know what kinds of loans are available will a long way to secure a loan that suits your needs. The calculator is a very useful tool in comparing the different offers you are faced with.

Supplying information crucial to deciding a loan suitable to you, could include not only the amounts you will be repaying in intervals, but also what your total repayments will be with things like interest rates fluctuating constantly.

In needing a mortgage loan, to finance your dream of owning a home, you might have two options as far as repayments are concerned. Choosing either a fixed rate or adjustable rate will determine what loan calculator to use. With adjustable rate home loans, the calculation is somewhat different because of it fluctuating with the interest rate.

Personal loans tend to vary from lender to lender, but it is here in comparison, by using a calculator, that the differences between offers will become clear. Being able to see accurately, but still only estimates, makes it considerably easier to find the financial assistance you need and that suits your needs. Always be sure to read the fine print and to understand what you are signing up for, and the loan calculator helps the average Joe to do exactly that.

How to Get a Bad Credit Secured Loan

A bad credit secured loan is a fixed term loan that you can obtain irrespective of your credit history. The interest rate is usually set at a higher rate than normal, however it is still possible to obtain a competitive loan by shopping around.

The quickest and easiest way to apply for and obtain a bad credit secured loan is online. You can search for such a loan yourself or use one of the many specialist loan websites that have done a lot of the initial work for you. The better loan comparison websites offer a range of good loans to choose from that have been established to meet the needs of people with a poor credit history. Of course, these are not the only loans they offer. You can choose the category of loans you need by simply following the appropriate links on their home page.

These sites make it easier to select the right bad credit secured loan for your needs by showing a detailed comparison of loans, usually in table form. This way you can easily compare all aspects of the loan such as interest rates, set up costs, ongoing fees and charges and late penalty fees. Most of these sites also have an online loan calculator you can use so that you can compare the actual monthly payments for different loan amounts at different interest rates and over different terms.

Once you have chosen the loan you wish to apply for you can make an online application on most of these sites. They usually promise fast conditional approval which means that you have been approved for the loan as long as you can prove that the information you have provided is accurate.

If you are looking for a bad credit secured loan, you have obviously had credit problems in the past. Perhaps you are still struggling to make payments on time and things are difficult. One of the most common reasons for this is high credit card debt. Perhaps you are even looking for a loan for debt consolidation purposes. If you are juggling multiple credit cards and struggling to pay high monthly credit card costs, then it is worthwhile considering consolidating your credit card debt into a single fixed term loan.

This is an excellent use of a bad credit secured loan. Not only will you immediately reduce your monthly expenses and increase your disposable income, you will have a definite period of time after which you will be debt free as long as you don't create new debt. You can also use the loan to improve your credit score by making your payments ahead of the due date every month. Debt consolidation is a decision that can immediately improve your quality of life while providing a plan for the future. The lower the interest rate on your loan, the better your financial position will be. Just remember the loan is secured so if you don't make the payments you risk losing your security, which in most cases real estate. You don't want to lose your home for the sake of a secured loan.

New Boat Loans Online Compared With a Finance Calculator

New boat loan costs depend highly on two things, the interest rate and the amount borrowed. Although this may seem obvious the fact is that you can put this information to use to determine either your monthly boat loan repayments, or the length of time over which you would like to take the loan. These both will be determined by the amount that you feel you can afford to pay monthly.

The all inclusive costs of new boat finance will be dependent by both the time over which you pay and the interest rate. You are able to use a boat loan calculator to find out the cheapest way, and also the best way depending on what your affordable monthly repayments are. Some people may find the amount of each monthly repayment not of considerable importance, while to others it is of most importance, and in the latter case you can increase the repayment term if you wish to pay less each month. However the all inclusive cost of you loan in terms of interest repayments and capital repayment will be higher.

It is often true that the longer time period over which you compensate, the more interest you will have paid by the time you have completed the loan. A boat loan calculator will be able to determine that for you, and advise you the amount of interest you will need to pay. However, you can lower the charge a new boat loan by careful carefully selecting the lender. Not all financiers are the same, so what should you be searching for?

First try to get a lender that will give you a guaranteed fixed interest rate for the loan period, whether that be one or five years. Not all do this, but it is possible to come across lenders that will offer you this security. Due to the fact that your boat is new you will be able to negotiate a secured boat loan, with the boat as security. This will generally allow you a decreased interest rate, and thus the cost will be cheaper than if your loan was unsecured.

However, you may encounter hidden expenses in buying a new boat other than the actual new boat loan itself. If you have been granted a secured loan, the financier will expect the boat to be maintained and well looked after, and will insist on you obtaining a fully comprehensive auto insurance policy. This is because, should something happen to the boat, it will not lose value through you being unable to pay for repairs or even a replacement, depending on the severity of the accident.

You will discover that this is true of any secured new boat loans, and it is an expense that you will have to consider of when making the decision of the size of loan that you find feasible to repay. It more than uses up the benefit of the lower interest rate through the loan being secured on your motor boat, and could be a terrible burden unless you are aware of it and have added the cost into consideration in your calculations.

A boat finance calculator will allow you to establish the monthly repayments at a specific interest rate over a set time frame; however boat insurance will not be inclusive. Then again, there may be a another option if this means that you are unable to afford the loan you need. If you think that you will be in better financial circumstances at the end of the loan period, then you could apply a balloon.

This is of a similar nature to paying a deposit on the boat, but at the conclusion of the loan as opposed to at the beginning. You state a sum to be paid in cash at the end of the loan time frame, and that is taken from the amount of the loan. Your repayments are correspondingly less, and you can afford the loan you need and also the comprehensive insurance payments. As you earn more money you could pay for the balloon payment at the end.

Most financiers offer this option, and it is a good one for those expecting an increased income during the period of the loan. In the event you can't afford the balloon payment, then you may have no option to either take out another loan to pay it or to sell the boat to raise the money. However, it is a good option worthy of consideration should you need more money than you can initially repay.

The cost of new boat loans, then, is a combination of interest rate, amount you borrow and period of the loan, but you must also take the comprehensive insurance policy into consideration. Choosing the option of a balloon payment allows you to ease your monthly repayments, however not the over cost given that you are still paying interest on the entire loan, inclusive of the balloon.

Not Sure If A Short-Term Loan Is For You Use a Payday Loan Calculator

You certainly have seen all of the ads on the internet for short-term payday loans. They are hard to miss and they are showing up on Facebook,on Twitter and on random websites you visit on a regular basis. If you have been thinking about looking into one of these loans but are uncertain as to whether or not this type of loan is for you, consider using a payday loan calculator to find out.

A loan calculator is simply an online tool that you can find very easily on the web. This tool allows you to find out exactly how much money you will have to pay back for the loan, including interest and any fees associated with the loan. The actual cost of any short term loan is typically determined by the lender setting a fee for every one hundred dollars borrowed. The entire loan must be paid in full, over a short time period - usually within two weeks.

To use a payday loan calculator, you just need to enter the amount you are in need of, the fee charged per $100, the term of the loan, and the number of possible loan renewals you might be expecting to need over a period of 12 months. The reason that the typical payday loan calculator asks about the number of renewals you expect in a year is because very few people obtain just one payday loan per year.

It is only logical to use a payday loan calculator because for one thing, this type of tool is absolutely free to use. Plus, it makes sense to know exactly how much you will end up having to pay back on a short term loan. You certainly do not want to default on this type of loan because if you do, you will face having to pay penalty fees which could put you in dire straights financially.

A payday loan calculator will give you the confidence to go ahead and borrow the money that you need. It is not a good idea to simply apply for a short term loan without giving it much thought. The approval rate is very high on this type of loan, but if you are not able to pay the loan back when you are supposed to, the financial consequences could indeed be devastating.

Nearly every lending institution that operates on the web today offers a payday loan calculator on its website. These calculators can vary in purpose and in ease-of-use but all aim at showing you exactly how much you will have to pay back. The results you obtain when you use a payday loan calculator will of course depend upon the particular lender's fees and the amount of money you need. You should never attempt to borrow even one dollar more than what you need or take the loan out for one day longer than the time you need to pay the loan back, because doing so will result in you having to repay more money at the end of the loan term.

Payday loans are becoming very popular. Many people find them to be virtual life-savers when unexpected emergencies pop up out of nowhere. Even though these loans are convenient, they do carry with them high fees as well as penalty charges if they are not repaid on time. Therefore it is to your advantage, to take advantage of a free payday loan calculator to ensure that you will be able to meet the loan repayment terms.

Secured Loans - How to Get Quickly Accepted For a Secured Loan and Get a Better Rate

When a lender receives a secured loan application form he only has two areas on which to base his decision - you and the property. If he can put a tick in both of these boxes then you will get your loan at a good rate.

However, it is possible to still get your loan if either you or the property are not A1.

This is one of the good things about secured loans, they allow you to obtain a loan when other sources of finance may not be available.

Secured loans - You

Unfortunately, most things in this day and age are broken down and put into boxes and that includes you when you apply for a secured loan.

Your boxes will be:

oYour employment/ self employment oHow many outstanding loans you have oYour usable (free) monthly income oYour credit rating oHow you have treated your current (and previous if less than 12/ 24 mths) mortgage company

Secured loans - how to improve "you" in the eyes of the secured loan lender

Most applications for secured loans are made through a broker as most lenders do not like to gather all the information needed to process a secured loan. There is also a lot of overhead in this process which they prefer the broker to pay for.

Secured loans - rule 1

Make sure you find yourself a good secured loan broker. The secured loan lenders are not going to like me saying this but all brokers are not equal in the eyes of the lender. The better ones earn more money per application and get more secured loans paid out, as a percentage, than others.

These both directly effect you as the more the lender pays the broker the less of a fee he will need to charge you and the other reason is that you are more likely to get you loan paid out (and at possibly a lower rate) by using a well established secured loan broker.

Secured loans - rule 2

Work with you broker - not against him. I know it is a pain to keep having to produce paperwork but the more you have, the less pain you will receive when your full loan application reaches the secured loan lender.

Secured loans - rule 3

Go through your available income with your broker and get him to explain how the lender, he is putting you with, is working out your available income calculation. You might find you get a better rate if you do a bit of debt consolidation.

If you are self employed but have regular contractual work that you can prove goes back a few years, then you may be able to argue for a better rate. Self employed applicants for secured loans are usually penalised with the rate as they are considered a high risk.

Secured loans - rule 4

Your credit rating is nowhere near as important for secured loans as it is for personal loans (unsecured). However, it is still important if you want a good rate. Lenders of Secured loans (like most lenders) don't like to see arrears on a credit report. A credit report will show the lender how you have paid your credit cards and loans over the last 12 months. It will also show any defaults or county court judgements.

Most secured loan lenders will ignore one months arrears on most loans as this can be argued that it is just a late payment. When you start to get to two months or more then you need a good (preferably provable) explanation or your rate will start to go north.

One thing secured loan lenders hate is current arrears when you apply to them for a secured loan. So, if you can, make sure your current commitments are up to date when you apply and this will keep your rate down.

Secured loans - rule 5

How you have paid your mortgage is sometimes more important than your credit report as the secured loans lenders see themselves as an extension of your mortgage and the best way they can see if you are going to pay them is to see how you have paid your current mortgage.

So, if you can, make sure your mortgage is up to date when you apply and if you have had any arrears then you will need a good explanation to keep your rate down.

To speed up you application you could get proof of your last 12 months payments from you mortgage lender and proof of the outstanding balance.

Secured loans - your property

Your property is the security that the secured loan lender has. If all goes wrong and you stop paying and communicating with the secured loan lender then eventually he will reposes your property (although he will not want to as it is creates another set of problems for them).

So, putting the above cautionary note aside, you are putting up your property as security for the loan. You are only doing this because it benefits you and you probably fall into one of the following categories:

oA lower rate than other unsecured loans offer oA larger loan than is available through other financial sources oYou want a loan but your employment is questionable or you are self employed oYou have missed a few payments on some credit and the loan rates you are being offered from other sources are unpalatable oYour credit is poor and you need to put up security to get a loan

It only makes sense that if you are putting your property up as security for your secured loan then you may as well maximize its value and get a lower rate.

The secured loan LTV (loan to value) is one of the major calculations that will effect the rate you are offered. It is simple to work out: you take your current outstanding mortgage, add to that the secured loan you are applying for and divide it by the current value of your property. The lower the percentage the better rate you should get.

So, if you want a lower rate then maximizing the properties value is one of the best ways to go about it. It might take a little bit of time but you could be paying for the secured loan for anything from 5 years to 25 years so the extra bit of effort could save you a lot of money in the long term.

Secured loans - property rule 1

You will almost certainly have a valuer come round to have a look at your property towards the end of your secured loan application.

Valuing property is not a science but an opinion and in this case the the persons whose opinion counts is the valuers that you have coming round. You don't know if he has spent most of the day sitting in a traffic jam, had an argument with his children or forgotten his anniversary and what is more you can't do a thing about it.

What you can do is be friendly and offer him a cup of coffee and make sure you have allocated time for him. Go round the property and point out any improvements you have made and are going to make.

Valuers like to be told that the property is going to be improved as it lessens their risk of getting sued by the secured loan lender in case they value the property wrongly.

Secured loans - property rule 2

Before the valuer gets to your property make sure it is looking its best. A small bit of effort will add thousands to your valuation if the property looks well kept rather than run down.

First impressions count so make sure the front and entrance hall is spotless, try and put any junk away to make the rooms look bigger and also try to finish those jobs that were half started and never quite completed.

Secured loans - property rule 3

As previously stated, the property value is an opinion so you need to make sure that the valuers opinion is the correct one. All valuers will contact local estate agents to see what is selling in the market near your property.

It would be to your benefit if you contacted the estate agents and got comparable properties that are on the market and recent sales. You can then decide which of your collection you wish to give the valuer (or you can send them on to your broker but this is not quite as good as giving them to the valuer).

Human nature being what it is, your comparables will probably end up in the valuers file and he will take these into account when valuing your property.

Sources Of Working Capital - 7 Types of Working Capital That Could Work For Your Business

Large commercial banks who used to actively court small business lending retreated from the marketplace in recent years, only to sit on the capital that has been given to them by the government until "times get better". When that fuzzy "time" may be reached is anyone's guess, but meanwhile, businesses need capital to survive.

Luckily, there are many alternatives that are out there for small and medium businesses. Usually this capital can be obtained fairly quickly, even if business and personal credit is tough. However, no business should be under the illusion that business working capital loans are cheap in the post-economic crash world. With business failures still tracking at an all time high, it is incredibly risky for those lenders who choose to make this their livelihood. Because of this, they must be compensated accordingly, or risk becoming victims of bankruptcy themselves.

SBA Loans-

Pros - The best terms available for small business. Loans are made by private banks and are partially (up to 90%) guaranteed by the government against default.

Cons- Reams of paperwork are required from audited financials, P&L statements, etc. Processing times can run up to 4 months, and approval ratios are low. Only the best credit applicants need apply and even then, certain industries, like restaurants, are virtually impossible to approve in this credit environment.

Funding Times- 2-4 months

Commercial Mortgages-

Pros- If you have equity in your commercial property and it doesn't have any major problems or environmental concerns, this is a very good options with rates ranging from 6-14% depending on credit quality and other factors.

Cons-It's difficult to have equity in your commercial property when values have plummeted to rock bottom in the past 5 years. Additionally, you will have to pay out of pocket up to $3000 for a commercial appraisal and you may still not be approved, depending on what the appraiser comes back with. Look for processing times of 4-8 weeks before you know the outcome of your application.

Funding Times - 4-8 weeks or more

Equipment Secured Loans/Leaseback

Pros- This can be an attractive option for those companies that own, or have significant equity in, capital equipment that they use in the everyday operation of their business. Depending on credit quality, rates can be anywhere from 10-40% depending on the file and equipment being securitized.

Cons- As a hedge against default, all lenders in this arena will only lend on a percentage of the estimated value of the equipment. Keep in mind that in almost all cases, the equipment is used, and the loan will be against the depreciated value of the equipment or it's anticipated sale price at auction, minus any money owed on the loans used to purchase it. Therefore, a $100,000 dollar piece of equipment bought 8 years ago may be only worth $60,000 dollars today, and the lender is only going to lend against a portion of this anticipated value, usually as low as 50% of the auction price. Expect to take a further hit on the lending percentage if the credit is tough or the cashflow of the company is weak. On the example above, a $30,000 loan would be considered good.

Funding Times -10-14 days

Receivables Factoring

Pros- This is not technically a loan, but purchasing anticipated receivables at a discount. This method is great for a company that primarily operates on a "net 30" model and receives most of it's income via cash or cash equivalents. Essentially a factoring company will advance you up to 90% of the face amount of your anticipated receivables in a lump sum. Then, the payments due from your client are redirected to the factoring company via a legal agreement. The difference between the amount advanced and the amount paid to the factoring company represents their profit margin on the deal. This method is fairly quick, and no repayment of the advance is required because your clients send their payments previously owet to you to the factoring company.

Cons- Your clients by law must be notified of this change and where to send the payment previously due to your company. Some companies are not comfortable having their clients know this level of detail about their company finances. Additionally, if the credit of the company owing the receivable to your company is bad, or you company's credit is bad, the deal may be rejected by the factoring company or be purchased at a steep discount that can run as high as 40%. of the original amount owed. In this case, a $100,000 dollar bill owed to your company would only net and advance of $60,000.

Funding Times - 7-10 business days

Merchant Cash Advance

Pros - Think of this as the "little brother" to receivables factoring. Companies that accept credit cards as a primary means of payment are advanced an amount guaranteed against their future credit card receivables. This method works great for businesses with high credit card transaction volumes and low average tickets and is ideal for those companies that may have difficult credit circumstances. Usually, owner credit scores down to 500 are OK as long as the business processes at least $10,000 per month. Usually the paperwork associated with this type of advance is minimal, with no financials required and a short one page application.

Cons - Because these are risky advances, the capital is expensive. The upside is that payments are made daily out of the existing credit card processing stream at least 5 times per week. This means that, while these advances are expensive, they are usually paid off within 6-12 months. Payments typically do not equate to more than 11% of a companies monthly gross income. A company may also be required to switch credit card processors as a requirement of funding the deal. Usually this is a fairly painless process, but some companies can make it difficult or require you to buy new swipe equipment.

Funding Times - 5-7 business days

Bank Only Cash Advance

Pros- Similar to a merchant cash advance but designed for those companies that do not accept credit cards or do not have significant credit card volumes. This type of advance is based solely on the strength of the business bank account and the average balance within it. Funding amounts ranging between 2 and 4 times the average monthly balance are common. This type of advance also doesn't require a lot of paperwork or audited financials and is usually short term (6-12 months max)

Cons- Your business bank account must be in good shape with a healthy average monthly balance (over $4k) and very few "negative balance" days and few NSF's in your account. Additionally, owner credit must be in the 600-650 range minimum, depending on the size of the deal. Because the capital is very risky, it is also expensive.

Funding Times - 5-7 Business days.

Credit Card Receivable Loan

Pros - Also similar to a merchant cash advance, but regulated as a true business loan, not a cash advance. This means the on-time payments help your business credit. Typically, rates are 30-50% less than a comparable merchant cash advance, but are still expensive compared to a bank loan. Because payments are ACH'd out of business bank account, not a credit card processing stream, there is no requirement to switch credit card processors. Owner credit down to 550 is acceptable, but anticipate tighter underwriting requirements than a merchant cash advance. Terms are short, between 6-12 months and payments are made daily, 5 times per week in most cases.

Cons- Not quite as flexible as because the capital is significantly cheaper, undercutting the ability of the lender to accept the same level of default risk as a merchant cash advance.

Funding Times - 5-7 business days

Hopefully you have learned a little bit more about what is possible in the post-credit crunch world when it comes to financing and working capital loans for your business. Understanding the types of working capital, how they are priced and what that means for your business is crucial before making any move. All of the above sources of working capital have there place in today's economy, especially given the dearth of options at your local bank or credit union, so knowing the differences and how this fits into your range of options will help when attempting to make your next business move.

Take Advantage Of A Car Loan Calculator When Looking For Your Loan

There are many benefits to going online when it comes to taking out finance for a car. One of them is to make good used of the tools they provide and one of the most useful is a car loan calculator. A tool of this nature will help you to decide the terms of the loan and how much you can afford to pay when it comes to taking out a loan.

While you might think in your head that taking the loan over 2 years would be ok when it comes to working out the cost you could find that the monthly repayments would be crippling. Therefore you can use the loan calculator to find out how long you would have to take the loan over for the monthly repayments that you can afford.

However when spreading out the cost of the loan bear in mind that the loan would cost more overall with the added interest. With this in mind a compromise would have to be reached in keeping down the cost monthly and also adding the least amount of interest onto the total of the borrowing.

A car loan calculator can be used for working out both secured and unsecured loans and before using the tool you should take notice of the articles and information regarding both that the site has to offer.

An unsecured loan is perhaps better for those individuals who are buying a used car and do not need to borrow a large sum of money. This can be an excellent choice particularly if you can get a low interest rate and a 0% deal for a period of time. It works to your advantage if you are able to repay in the short term but do watch out for an early repayment fee that can be attached to this type of loan. The best deal on an unsecured loan can be found by those who have an excellent credit rating and who can show their ability to repay the loan.

A secured loan might be better for those who wish to borrow a larger amount of money especially if they are buying a top of the range brand new model. It would allow the individual to spread the cost of borrowing over a longer period of time than an unsecured one would. The downside to this is that you would add substantially more interest onto the loan while keeping the monthly repayments down.

Therefore you would have to compromise and this is where the loan calculator helps a great deal. The secured is often the best choice for those who have a poor credit rating and who have been turned down for credit in the past. It can also help to repair your credit rating if you maintain the repayments on time.

Once you have found the terms and the type of loan most suitable by using the car loan calculator then applying with a specialist website for quotes is quick and easy. They are able to shop around on your behalf with some of the top UK lenders and so secure you the cheapest and best rates for your particular loan, based on your criteria and your circumstances.