Loans Against Inheritance – Is It A Good Idea?

When you are entitled to some inheritance that is in probate and you are in need of funds, you can opt for a loan against your inheritance provided by inheritance cash programs. The Will by the decedent is validated by a process called as probate. This process also ensures that the assets are distributed correctly.

In reality these advances that you can request for against your inheritance is not a loan but just an advance which will be repaid on settlement of probate. The process is long and tedious that can take days or even months to settle. A portion of their assets can be sold by the heirs before the inheritance is distributed. This process will fetch them money.

If individuals or heirs have some debts or financial commitments they can use the cash advance to pay it off. These funds can be used for personal uses such as taking a vacation, investments, tuition expenses or college expenses.

One must be aware that there are fees involved in obtaining a cash advance against inheritance. There are rules that state that the loan cannot be more than 30% of the total inheritance value. There is a lot of risk involved in providing cash advance against inheritance. The funding companies will need to wait till the settlement of probate and even then the estate may have insufficient funds when settled. These are chances that the company will have to assume and take into consideration when approving a cash advance. In circumstances where the estate is unable to repay the advance, the company cannot initiate any legal proceedings if and only if the recipient has been truthful in furnishing information while applying. This is why the funding companies requests for every bit of information regarding the beneficiary as well as the estate.

There are a few documents that need to be presented when applying for cash advance. A copy of the Will and the death certificate of the decedent are just a couple of many other documents that may be required. You would also be required to provide the contact for the estate administrator. Your credit reports will be verified to ensure that you are free of liens and to see if you owe taxes or child support. If any of these conditions exist your application may be rejected.

Generally these funding companies provide cash advances only if the heir is entitled to $15000 or more. The inheritance rights need to be assigned to the company and the process takes anywhere between 5 – 10 business days.

The regular cash lending companies do not get involved with cash advance against inheritance as it is too much of a risk. You need to seek the help of companies specialized in inheritance cash advance.

Source by Dhivya Rateesh Nair

The Customs of O-Chugen and O-Seibo

In Japan, there are two seasons in which gifts are often given, one in the summer, and the other, the winter. The gifts are referred to as o-chugen and o-seibo, which represents your appreciation and gratitude towards the kindness they have shown you during that year, and can be given to anyone you know at all.

The custom of giving o-chugen is said to originate from ancient China, where three days would be used to give offerings to the gods. The chugen, one of the three days, happens to be on the same day for the Japanese where gifts were offered to their ancestors. Eventually, the exchanging of gifts was made into a new custom of o-chugen, where gifts were given during summer.

O-seibo, on the other hand, refers to the end of the year. The custom was for married daughters to visit their parents, or extended families would visit the head of the family. They would bring offerings to welcome their ancestors’ spirits on New Year. However, people later also made visiting the people whom have helped them during the year as a form of gratitude to become part of the custom. Nowadays, people give gifts as their gratitude towards the help they received.

The traditional gifts from Japan used for the purpose of this custom would be food or daily commodities like beer, canned food, or seasoning. There are some gifts that are not encouraged to be given as gifts are shoes which suggest being stepped on, and watches or writing utensils which suggests one to be encouraged to be diligent. However, regardless of whether they are traditional gifts from Japan or something else, it is best to give the receiver something they would like.

As the tradition is to show gratitude towards those who have supported you, it is only polite to give a gift as well if you receive any. That is why the beginning and the end of the year will be a busy season of giving.

Source by Chris Cornell

$5,000 Personal Loans For Bad Credit: Three Avenues to Take

Getting a personal loan of any size when a low credit score hangs over your head can be difficult, especially when approaching a traditional lending institution. But it is worth noting that securing even a $5,000 personal loan for bad credit is not impossible. Simply by taking alternative routes, the necessary cash can be secured.

It might seem illogical that a personal loan of several thousand dollars can be approved when a low credit score suggests repayments cannot be guaranteed. But the fact is that a credit score is not considered the basis on which to reject a loan application. This is because a variety of things, like losing a job, can affect the most honest of borrowers.

Anyway, getting approval for $5,000 loans is not a simple matter of giving the thumbs up. There is criteria that needs to be met and, as such, an application needs to be in proper order if it is to succeed. Still, the route chosen is telling, and there are three alternatives to traditional banks that a borrower can take.

Online Bad Credit Specialists

The internet is filled with lenders that specialize in loan products designed for people with low credit scores, so a $5,000 personal loan for bad credit applicants can be accommodated. There are some points that need to be taken into account, but in general this route is considered superior to traditional lenders anyway.

The first point is that the interest rate charged is higher than for those with a good credit rating, but it is still less than most banks will charge. For that reason, the online lender is regarded a very competitive option, especially given the fact that approval on a personal loan is more likely.

However, that is not to say that all applications are approved. In fact, the concentration on income means that it is essential an applicant for a $5,000 loan can prove they have a regular source of income, and has been working full time for at least a period of 6 months.

Payday Loans

When bad credit is an issue then seeking a loan that requires no credit check for approval is a good solution. To this end, a payday loan (or cash advance loan) is ideal. A $5,000 personal loan for bad credit is typically too large to get approval for, however.

Payday loans are small, ranging from $100 to $1,500 because they are issued against a forthcoming paycheck. For this reason, the sum available to borrow is strictly controlled. It also means that in order to get the correct personal loan sum it may be necessary to take out a series of payday loans – perhaps 4 x $1,250.

But remember that repayment is also very short term, usually within 1 month. So, your paycheck would need to be able to cover the total sum borrowed. Although, it may be possible to negotiate a 4-5 month deal in order to secure one $5,000 loan.

Loan Bidding

A final possibility is the modern method of loan bidding, which could see a $5,000 personal loan for bad credit secured. Basically, a loan proposal is posted on a website and site members bid to provide the loan. As a form of securing a personal loan this can work to your credit, as the bidding systems means the interest rate falls until it matches your preference.

However, a $5,000 loan from this source is not guaranteed because the lenders are individuals. So, the borrower has to accept the accompanying degree of risk.

Source by Hilary Bowman

Why Cat Urine Stains Smell Worse in Warm Weather

Here in the U.S., spring has finally arrived. If you’ve had a cat urine odor problem since last fall or winter, and thought you’d cleaned up each puddle thoroughly, you may be discovering otherwise now the heat and humidity have returned.

This article briefly describes the different components in cat urine, and why it smells so much worse in warmer weather. This article also discusses the most effective cleaning solution to get rid of the odor and stain permanently.

Cat urine stains are tough to get rid of because it has five different bacteria strains. Two of these are associated with the cat’s marking scent. The others are in the cat spray, urine, and uric acid.

The sticky, tacky part of cat urine is urea. The pigment is urochrome, and then there are the uric acid crystals, which look like salt.

The first two components clean up rather easily. It’s the uric acid with it’s crystals and salt that linger, causing the continuous cat urine odor. These crystals are insoluble, and bond tightly to anything they land on. This is why you can’t successfully eliminate cat urine odor with common household cleaners.

The crystals are reactivated with moisture. And this is why the cat urine smell is stronger in hot weather – the humidity in the air reacts with the crystals, and you once again smell the cat urine stain – even though you’ve cleaned and cleaned that particular spot.

In order to completely eliminate the smell and stain, the crystals have to be removed from the surface they’re sticking to. The only effective cleaning solution is a pet enzyme cleaner that’s specifically manufactured to attack the cat urine components.

These cleaners are special enzyme formulas that consume the bacterial components – which finally removes the smell and stain. Common household cleaners don’t contain enzymes, because most messes don’t have uric acid in them.

There are several reputable pet enzyme cleaners available at your local pet store. Read the instructions carefully and follow them completely for best results. If the stain is very old, it will take several applications to completely eradicate the stain and odor.

Source by Nancy Wigal

How to Finance Seemingly Un-Financeable Properties in Real Estate Investing

Some houses or multi-family properties in real estate can seem un-financeable. This could be for a number of reasons including the perspective buyers or title issues with the properties. Unfortunately, these problems seem to occur after an investor buys a property and then can’t sell it.

Let’s examine the usual reasons that properties cannot be financed and what can be done. The most common issue is likely that the appraisal on a property isn’t sufficient to cover the costs and expenses of a rehab. The investor often only finds this out after he has completed the rehab and has a ready and willing buyer who has to get a conventional bank loan to buy it.

On this same vein, the appraisal may come in but the buyer can’t get financing because of more stringent lender requirements – such as credit scores, time on a job, recent foreclosure history or bankruptcy to mention a few. It may not be as simple as going on to another buyer or just getting another appraisal, especially if this buyer had been declined by FHA in the first place as the investor’s property is “tainted” as to appraisal in the FHA system for at least six months.

The simplest solution to the credit issue and appraisal issues is to get private lenders or portfolio lenders to finance the sale. Private lenders are individuals who are willing to loan money that they would normally have in a bank earning a couple of percent interest. The investor should offer this individual a 10% interest-only loan secured by a first mortgage on a property with a two or three year balloon note. This private lender could also receive 2% to 5% as closing points on the loan and have a pre-payment penalty of three months interest.

The following is an example of what the private lender would get on a $100,000 mortgage: The buyer should be able to put down 20% of the purchase price to secure the mortgage in case of a market decline. A lot of current home buyers have large deposits because they went through foreclosure and haven’t paid mortgage payments for extended periods. 10% interest on $100,000 = $833.33 per month versus perhaps $83.33 in a local bank at a 1% interest on a savings account.

At closing, the lender would get cash of $3,000 to $5,000 as closing points. If the homeowner refinanced during the term of the loan and paid the pre-payment penalty, the private lender would additionally receive $833.33 x 3 months pre-payment penalty = $2,500.

The appraisal should be done by a reputable appraiser and a title policy and insurance should be provided to the private lender. An attorney should draft all the mortgage documents and do the actual closing to protect the investor/seller and the lender.

Using a private lender allows a buyer with blemished credit to purchase a home. It also allows the seller to not have to be dependent on the whims of a local or national bank which may be afraid to lend money in that neighborhood or at that time in the market. The investor should also contact portfolio lenders in his area to see if his buyer(s) qualify. Portfolio lenders are smaller private lenders who do not have the stringent lending requirements of national lenders. Most notably are credit unions.

Another major cause of being unable to finance is because of a title issue and the inability of a buyer to get a conventional loan on the property. If necessary, the investor may have to do what is called a “quiet title action” to do what the courts call quieting any claims. This can take from a few months to a few years but is worth the effort to be able to sell a property at full market value and get conventional financing at that time.

In summary, no matter how impossible it may seem to get funding for a buyer of a property, there are multiple ways to get this done, a couple of which have been mentioned in this article. Looking for properties with defective titles is a great way for investors to get great deals – you just need patience and fortitude.

Source by Dave Dinkel

Globalism – Cultural & Economic Diversity Does Not Divide Us

When I sit back, close my eyes and think of my earliest childhood memories, I remember being entranced by tales of exotic lands, cultures and cuisine. I remember my family sitting around the dinner table talking about the grandeur of the Taj Mahal and the enduring love story that inspired its construction. The conversation led to the mystery surrounding the Great Pyramids and before the conversation could go any further, I was hooked.

My dreams, at the preschool age level, would usually consist of me travelling to an exotic land and somehow being given the royal throne. It was not, however, without a fight for power that involved White Siberian tigers, a fairy-godmother and fireworks. Reality set in as I learned about the tragic endings that followed most monarchies and I actually saw the magnificent and endangered White Siberian Tigers. My dreams of exotic adventures became passions for travel and knowledge.

I am very fortunate to have parents who believe that a well-rounded education includes the understanding and acceptance of people of different races, cultures, religions and economic and political philosophies. It is one thing to study and philosophize, but quite another to tangibly be in the moment. The first trip I remember vividly was a trip to Bali, Indonesia when I was six years old. I remember watching the traditional religious ceremonies of the local people with colorful silk fabric draped around them, singing and playing music and carrying offerings of fresh fruit and flowers. It was magical to me and, at the same time, very foreign. I asked my family so many questions and I learned about the history, culture and religion of the people. I came away from that trip with an unquenchable thirst to experience more places with rich histories and cultures. I would find myself studying about the history of my next vacation prior to the actual trip so it would make the experience far more valuable. My grand plans certainly did help me understand the destination a bit better, but reality is far different from the pages in a book.

I have been fortunate to travel to some of the most amazing places on the planet. I have seen Palaces in Jaipur and Versailles, amazingly beautiful beaches in Australia and Rio, The Great Pyramids and the Taj Mahal and nature’s marvels in the Iguassu Falls and the Himalayan Mountains. At the same time, I have seen the poorest people in the streets of India, the villages of Bali and the Favelas in Rio. Economic differences exist in every country. Families strive to succeed and support one another, as we do here. As we toured the home of a typical Balinese villager, I noticed the intense pride in the patriarch of the family and sensed a ray of hope beaming through the rest of the family members. This renewed sense of hope was prevalent in many of the other families I encountered on my travels. Although the geography and cultures may be different, I have come to realize that people are basically the same. It is this basic premise, with the aspiration of hope and a strong work ethic that will eventually tie us all to a more globalized word.

Source by Madison P Singh

Commons Methods Used to Prepare Financial Budgeting Spreadsheets

There are two methods commonly used to prepare the Financial Budgeting Spreadsheets. These two methods are “Bottom Up Budget’ and “Top Down Budget”. Both methods share the same objective to produce an accurate Financial Budgeting Spreadsheets.

Bottom Up Budget

In the “Bottom Up budget” method, the company let the all the managers of departments (HODs) to come up with their own budgeting spreadsheet justified by formulae, researches and plans. The HODs will do the first review of the spreadsheets. Once they have finalized, the spreadsheets will be submitted to the Financial Planning Unit for further review. During this review process, the budget figures will be fine tuned. During this review stage, it is quite common for the spreadsheets to flow in and out between the respective Departments and Financial Planning Unit.

Once the Financial Planning Unit finalized the spreadsheets, it will be submitted to the Board of Directors (BODs) for final review and final approval. During the review by BODs, there may still be spreadsheets flow to and backward to the BODs. But the frequency of these would be very much reduced at this stage. Once the BODs finalized the budget figures, the financial budgeting spreadsheets will be final and ready to be implemented by the respective departments.

Top Down Budget

In the “Top Down budget’, the Financial Planning Unit uses the historical reports such as Balance Sheets and Profit and Loss Statements, to comes up with preliminary budgeting spreadsheets. The Financial Planning Unit will hold a meeting with all the BODs and HODs and presents the preliminary spreadsheets to all. During this meeting, the spreadsheets will be discussed and fine tuned to the satisfaction of the meeting. Once the meeting finalized, the spreadsheets will be circulated to the respective departments for implementation and to draw up plans to achieve budget figures.

Pro and Con

Both the above methods have their pro and con. The “Bottom Up Budget” is slow but the budgeting spreadsheets tend to be more accurate as all levels of the company staff, from bottom to top, are involved in the preparation of the budget numbers.

The “Top Down Budget” is faster but the budgeting spreadsheets are less accurate as the budget numbers are decided at top level meeting and the participation of lower level staff are limited. The impact of this less accuracy can be minimized by applying some financial analytical ratios and formulae to fine tune the final budgeting spreadsheets.

The review process may be differ from organization to organization. But the main objective of the review process, that is, to produce Financial Budgeting Spreadsheets as accurate as possible, is the same.

I personally prefer the “Top down Budget” method and fine tune it with various analytical rations and formulae.

Source by Thomas Wong

Global Language of English – The Importance of Learning English

English has become one of the most important languages in the world. It has trickled even into lesser known countries as something that is needed to communicate with others. English is used in politics, business dealings, and everyday life. Many people are finding it hard to get by without knowing English. The global language of English is found in popular music, television programs and even on the internet. As a whole, there are more websites made in English than anywhere else. Realizing the importance of English, many people have taken it on as a second language.

Politics is one arena where English is important. In order for countries to communicate with each other, they must learn the native language. Since English speaking countries are a very important part of the global economy and its advancement, other political and country leaders must either learn English or find someone who knows English to interpret for them. Since it is considered bad manners to have things communicated through others, political leaders opt to learn the global language of English. This makes it easier for them to talk to their peers on matters of serious concern without feeling inadequate.

The business world has need for the global language of English as well. Many companies are expanding overseas. American companies are setting up shop in other countries, and there are companies that wish to transfer over to America. The language barrier must be broken somehow, so people in the business world are learning English. This makes it easier to broker deals, or tell potential partners what is expected of them. It is also a good way to communicate with potential employees. It is often the tradition of the business world that you need to know your potential partner’s native tongue. So if an American wants to initiate a deal with a Japanese business partner, the American needs to know Japanese. It’s considered proper business etiquette. With other countries wanting to set up businesses in English speaking countries, or needing to appeal to English speaking customers, they need to learn English.

Tourism is another area where English has been embraced. Many English speaking people like to visit different countries on vacation. It’s important for businesses in these countries to learn the global language of English since they will, in fact, be benefiting from the presence of tourists. They’ll spend their money to buy souvenirs from their businesses, sample and eat the food, and take tours. This benefits their economy as a whole.

Source by Grace Rimando

Commercial Construction Tips – Facts About Construction Projects

Commercial construction is often an arbiter of changing economic conditions. Construction projects mean both an improving economy and a way to improve the economy of a given area. Read on to learn more interesting facts about it.

This type of construction helps public sector agencies as well as private firms. Big new schools in areas where people are moving give students a chance to learn in state of the art facilities. New office buildings bring jobs to the area, and the upward spiral continues. Not only do the buildings benefit the users, but the building process itself gives workers a solid job for several months, and the expenditures from the construction project go directly into the local economy.

The United States is second in the world in terms of this construction, regardless of where the company doing the building is headquartered. As much as 10% of all commercial construction takes place in the US, and New York is the city with the most commercial construction going on – $8.5 billion (that’s billion with a B) in 2013. A lot of the construction was for residential buildings. Following New York were Houston and Dallas. Those two cities spent $10 billion in 2013 on commercial projects.

One of the biggest trends in commercial construction is green building. Experts from the Environmental Protection Agency expect that by 2017 as much as 48% of new building will be done with green building materials. To put that in financial terms, it could mean as much as $145 billion dollars.

By 2018, 84% of residential construction companies plan to have at least some of their construction projects classified as green. To get an idea of just what kind of impact this has on the overall economy, consider that residential projects total as much as 5% of the current gross domestic product of the US. As more and more firms add green building to their plans, it might mean that as much as 18% of GDP will be based around green construction.

Big commercial office buildings are going green, too. LEED certification is becoming the main standard, and builders are up to 41% green as of 2012. Just how rapidly is this growing? Consider that only 2% of commercial construction, non-residential, projects were green in 2005. It’s no surprise that states like Hawaii and California are leading the way in LEED projects.

It’s not just the US that is interested in green construction, though. LEED certifications around the world are becoming more common. A study released earlier this year showed that as many as 69,000 LEED projects are going on globally in 150 different countries.

This construction is as important to the global economy as it has ever been, and the increases in such projects over the last few years signal a positive change after the worldwide recession of 2008-09 and the soft recovery that followed. With even more green projects being planned than ever before, commercial construction projects will also be kinder to the planet, meaning everyone will benefit for years to come.

Source by Bill Len

Targeted Prayer Points for Our Military (That Bring Results)

Unfortunately, with our lives running at break-neck speed, prayer often flat-lines or we are at a loss for what to pray. We often settle for vague prayers that ask little of God. God never settles for less than His best and neither should we. We have a big God, who can handle big requests.

Simple but Strategic:

Prayers for our military need not be elaborate containing long-winded sentences with fancy words weaved throughout. Who are we trying to impress? We aren’t talking to a professor of nuclear energy, but to a relational and loving heavenly Father. When it comes to prayer, God wants our heart not poetic words. With targeted prayer points we pray with confidence using God’s Word, being specific, with simple language. Praying is simply talking to God straight from your heart as if you’re talking to a close family member.

Use God’s Word:

One of the books of the Bible I enjoy incorporating into my prayer journal is the book of Psalms. That way when I’m traveling I can take them with me, or in those extra busy seasons or during stressful times I have prayers ready. Take Psalm 34:7 for example. I write in my journal: “The angel of the LORD encamps around those who fear [ reverence and honor ] him, and delivers them” (NRSV). Then I would write my response to that verse: Thank You, Lord, for Your promise of protection in fearful or problematic situations. Then I continue with my prayer bringing in other verses of Scripture and using the tips below.

Here are six examples of targeted prayer points you can pray for our armed forces or your service member:

Targeted Prayer Point Example #1: Pray for a Sound Mind

Ask God to keep your military member’s mind clear of negative thoughts. Pray that anxiety doesn’t steal their peace or contentment. Ask God to shield him/her from Satan’s schemes of deception so they can discern God’s voice from the enemy’s voice.

Targeted Prayer Point Example #2: Plans of Evil Be Exposed

Pray that no weapon fashioned against our military prosper. Ask God to reveal evildoers and their wicked plans. Pray that military leaders will be painstakingly attentive, industrious, and persistent to uncover any threats to our service members, military bases and our country. Pray that our enemies be as insignificant as “grass atop housetops” (Psalm 129). Ask God to “cut the cords of the wicked” (Psalm 129:4).

Targeted Prayer Point Example #3: For God to be our Service Member’s Defender/Keeper

Instead of just asking God to keep your service member safe. Ask Him to show Himself mighty on behalf of those who have placed their trust in Him. “Those who love me, I will deliver; [ defend ] I will protect those who know my name… ” (Psalm 91:14-16). As the mountains surround Jerusalem, so the Lord surrounds his people… ” (Psalm 125:1-2). Ask the Lord to surround your military member’s life with His mighty protection.

Targeted Prayer Point Example #4: Our Military Leaders

Ask God for a faith-revival to take place in the hearts of our military leaders. Pray that they will yield to God’s influence, authority, and power. And pray they would lead with integrity and in godly example to keep our country’s reputation honorable. Psalm 33:12 says, “Happy is the nation whose God is the LORD… “

Target Prayer Point Example #5: God’s Healing:

War creates injuries-to bodies and to souls. Ask God to heal internal injuries of broken emotions, crushed spirits, and impaired minds. “He heals the brokenhearted, and binds up their wounds” (Psalm 147:2). Pray that your service member will seek the right kind of medical help combined with God’s touch for a complete healing.

Targeted Prayer Point Example #6: For Wisdom in Decision Making

Ask God to give them wisdom in the decisions they make. Bring understanding into the situation so wisdom leads to a right course of action. “If any of you is lacking in wisdom, ask God, who gives to all generously and ungrudgingly, and it will be given you” (James 1:5). Pray for the Holy Spirit to reveal what has been unknown, so correct judgments can be made. “Plans are established by taking advice; wage war by following wise guidance” (Proverbs 20:18).

I wished I had known about praying strategically when we were a young military family just starting out. But I can tell you that when I began praying in this way, it made all the difference. I gained a sense of peace that I had adequately covered my husband and children in prayer. And God answered those prayers, not always in the way I wanted, but in the way that was best. God does reward those who diligently seek Him (Heb.11:6).

If you long for your prayers to be more effective with peace for your heart, use targeted prayer points.

Source by Lisa N Phillips