Personal and Business Banks – Choosing One for You

As you browse various banks to choose the one that fits your needs, take the time to learn about the assistance and services offered because many differences exist. By asking questions, you can learn what financial institutions offer and choose one that matches your lifestyle and investment requirements.

Location and Convenience

The way you manage your money will determine what type of institution you need for your money. If you need an organization with a convenient location to enable you to stop in while you’re running errands or on your way to or from work throughout the week, narrow your search to include only institutions with convenient locations. Don’t forget to consider the hours of the organization, also, to ensure that it will be open when you typically stop in.


Ask about the services offered by any branch you consider using. Compare interest rates for all organizations you consider to enable you to receive the most return for your investment dollars. A full-service institution will likely offer both online banking and a walk-in branch to service customers. Online services should enable you to check your account balances, schedule payments, pay bills, transfer money, and make deposits. Find out if the branch has an ATM available for 24/7 transactions. Ask if the bank makes it possible for customers to use ATMs within the same network in other locations. Many banks provide foreign currency upon request for clients traveling internationally. Ask about the availability of foreign currency upon request, and find out how the branch assists customers traveling abroad.


Banks levy a variety of fees for their services. Find out exactly what fees you will incur as a customer of any financial institution before you deposit your money. Many institutions have fees associated with accounts. Ask about minimum balances required for accounts to learn whether you can avoid some fees. You may encounter overdraft fees, also. Overdraft fees would occur if your account balance falls into the red because you wrote a check or used your debit card. Some organizations will also charge a specific amount for each day an account is in “overdrawn” status. Most banks offer ATMs for their customers, but find out what fees are involved with using this convenience. It’s common for banks to provide a free ATM machine on-site for the convenience of their customers. Often, you won’t incur a fee for using the ATM located at the branch unless your usage exceeds minimums set by the institution. You can use other ATMs in other locations, but this type of usage will usually incur a fee.

A financial institution’s credentials and reputation are another factor to consider as you weigh the pros and cons of any organization. In the end, you should base your final decision on the branch that offers the most services for the least money, while prioritizing customer service and satisfaction. Any organization with these priorities should be able to take care of all of your financial needs without a problem.

5 Amazing Money Management Lessons From Your Favourite TV Shows

Is Jon Snow really dead? Will Sheldon and Amy get back together? If these are the questions that keep you awake at night, you probably are a sucker for TV shows. You might be tired of your parents or your friends constantly asking you to ‘Grow Up’ and ‘Stop Wasting Time’ watching these shows. You can gladly tell these people that they are wrong as you are not wasting your time watching TV shows. Instead, you are going through a learning experience by watching episode after episode of these shows.

Your favourite TV shows not only make you laugh or teach you how to cook best quality Meth, but they can also help you to learn important life lessons and understand how you can manage your money better.

Here are 5 amazing money management lessons from your favourite TV shows:

1. Pay all your debts (Game of thrones) – If there is anything that you can learn from the Lannisters, it is that you should always clear all your debts. Although their moral compass may not be pointed at the right direction, they surely know how to be the ideal borrowers as they always pay off their debts. So, if you have credit card bills, home loan payments or any other pending debts, you should pay them off in full and be debt-free. You may not get to claim the ‘Iron Throne’ but you can surely avoid being chased by debt collectors.

2. Get a good health insurance plan (Breaking Bad) – If you are diagnosed with a life threatening disease like Cancer, you should have a comprehensive health insurance plan that can help you take care of your medical expenses. Walter White has taught us that if we don’t have the right health insurance plan, we might have to try drastic measures to earn more money and pay for our treatment in case we are faced with a severe disease. Remember, becoming a Drug Lord is not really a viable option for everyone.

3. Never forget to save money (Friends) – Joey starts earning a lot of money after getting a part in the TV show ‘Days of our Lives’. But he does not save any of that money and instead spends most of it on getting a lavish apartment, a weird statue of a dog and other such excesses. When he loses his part in the show he can no longer afford such luxury and has to move back in with Chandler due to being broke. Thus, the moral of the story is that you should always save some money for a rainy day. Like Chandler, your friends might also try to help you out but life is not a Sitcom and you might not always be as lucky as Joey.

4. Don’t misuse your credit cards (How I Met Your Mother) – If you cannot afford to pay your credit card bills, do not go on a shopping spree with your credit card. You can try putting your bills in your ‘Box of Shame’ like Lily but that is not going to help. As adorable as she might be, she sure doesn’t know how to manage her credit card expenses and always ends up spending more than she should. You should try to avoid overspending with your credit card as it can get you in to a quagmire of financial troubles.

5. Do not hide extra cash at home (The Big Bang Theory) – Dr Sheldon Cooper is a brilliant man with an IQ that is higher than that of Professor Stephen Hawking but despite that he doesn’t know how to manage his money. He hides his extra cash in not-so-secret places in his apartment and that is never a good idea. If you have some extra money like Sheldon does, you can invest the same in a recurring deposit or a fixed deposit account and earn interest in the process. Hiding extra cash under your mattress or in a snake can is never really a good solution.

There Is No Shortcut to Credit Restoration

Got a Low Credit Score? Avoid Quick-fix Solutions

Claims like “We can improve your bad credit instantly, no questions asked!” “Contact us to make a new credit identity – legally” or “Credit problems? Fix them in a month” are common in TV ads, radio, flyers, emails, and online space. According to the attorneys at the Federal Trade Commission (FTC), no legitimate credit restoration company claims credit repair is a quick-fix solution.

There is no shortcut or quick fix to improve your credit. It takes time, conscious effort and following a stringent debt repayment plan. You need to know your rights before hiring a credit restoration services company. Some people say that you don’t need any help to fix your credit and it is advisable to try it yourself. However, that will involve a lot more time and effort on your part.
Your Rights

In any case, you need to be aware of your rights:

– Each of the three nationwide credit bureaus – Equifax, Transunion and Experian are obligated by law to provide a free credit report to all consumers once a year. You can order the three free credit reports at the same time or leave a gap of 3-4 months between each report. The latter is a better idea because it allows you to monitor the progress of your credit status periodically.

– You are entitled to receive a credit report for free if any organization has taken an “adverse” financial action against you. This includes denial of credit, insurance application or employment. You need to ask for the report within 60 days of receiving the notice of an adverse action. People, who are unemployed, are allowed one free credit report if they are planning to find a job within 60 days. People on welfare and whose report is inaccurate due to fraud, such as identity theft are also entitled to a free credit report.

– There is no cost associated with disputing inaccuracies in your credit report. You can raise a dispute both with the credit bureaus and the information source that provided some of your personal financial details.

What to Do When You Need a Real Solution?

If you are wondering, “How can I restore my credit now?” it may be a good idea to delegate this task to seasoned professionals with years of experience in credit restoration. Legitimate and reliable credit restoration companies would first scan through your credit report and leverage their years of experience to find items that can be disputed successfully. They not only detect inaccuracies and errors, but also verify their authenticity with the concerned parties.

How to Fix Your Credit Score and Maintain Good Credit

One of the most frustrating things is seeing people get out of debt but then get right back into it. Sometimes we know what’s bad for us, but we do it anyway. Next thing you know, you’ve got collectors calling at all hours.

How can you fix your credit score and maintain that healthy credit rating long into the future? It’s not rocket science, but it can sometimes seem that way. So let’s break it down.

Here are some things you can do to keep that credit score healthy and to stay out of debt:

• Payments: Always pay your monthly bills on time. One of the biggest reasons people slip back into debt and bad credit is because they miss one payment and then feel like they can miss another. This is not a good strategy for having a healthy credit history.

• Stay Current on Your Payments: Missing a payment happens. Maybe you had some time off from work; perhaps a family emergency came up. Now you don’t have the money and you miss a payment, but the next month you get back on track. The important thing is to get back on track and to stay there.

• Pay on Time: Are you paying your bills, but you’re paying them late? Many times your credit score will be damaged beyond belief simply because you refused to pay on time. Consider paying your bills with your first paycheck after they come, not before they’re due. Just a few late payments can destroy all the hard work you do to get that healthy credit score.

• Collections: Whatever you do, do not let a collection agency get its hooks into you again. A bad debt that is sent over to the collection agency will stay on your credit report for 7 years! That means for 7 long years you’ll have bad luck when it comes to loans, and you’ll always pay more than the other guy. Don’t let this happen – pay your bills on time!

• Communication: Are you having a tough time staying above water? When you know a bill isn’t going to be paid, calling or sending an email to the company or creditor is always a good idea. And if you’re in debt now, contacting the creditor directly is a lot better than having a collection agency sent out after you.

• Survey your credit reports for precision: It’s extreme enough paying for your own errors; you don’t have to be punished for somebody else’s. Verify that your credit reports precisely reflect your obligations and the installment history.

• Set up installment updates on your bills: Paying on time, additionally called your payment history, means 35% of your credit score.

• Quit utilizing your credit cards as much: This is an alternate method for saying to live inside your methods. While you get your credit card obligation under control, it’s a great thought to depend predominantly on great, hard trade in for the money request to pay off some of your obligations. Get a protected credit card if you have to develop your credit history. Secured credit cards work sort of like check cards.

Credit Repair Services: Do You Really Need It?

Repairing credit can be compared to losing weight, there is no quick-fix! Just as it takes time to get rid of your fat, the same goes for the negative items on your credit report. Any attempt to repair your credit quickly is more likely to backfire, than to produce any positive result. The best thing that you can do in order to rebuild your credit is to be responsible in managing it over a period of six months at the least.

You need to be responsible in managing your credit, but what if there are errors and inaccuracies in your credit report that render it negative? The worst thing about such inaccuracies is that you are at a serious disadvantage, usually through no fault of yours. Unfortunately, a study by U.S Public Interest Research revealed that 70 percent of all credit reports contain serious errors.

Fixing these errors involves a detailed legal process which consists of sending dispute letters to creditors and credit bureaus, sending reminders, studying the documentary evidence provided by creditors and bureaus, and more. Like most people, you might not have the required time and expertise to follow through on all of these processes efficiently. This is where credit repair services can help you out. Now it’s important to understand that it will not be possible to improve your credit score in a few weeks. As previously stated, this is not possible even if the negative items in your credit report are due to error.

Time taken for Credit Repair
Creditors and credit bureaus are required by law to produce original documentation in order to prove the negative items that are present on your credit report. They cannot take more than 30-45 days to do so. However, drafting and sending dispute letters may take some time as well. Some people think that it is possible for any consumer to get his or her credit score corrected without any professional help, which is true but hardly practicable.

Anyone whose credit report contains errors can try to draft their own dispute letters and send them to the concerned parties, but it is time-consuming and it takes a lot of mental effort. Unless you are ready to take this duty as seriously as you take any other professional commitment, do not even try! Hiring a reliable provider for credit repair services, which would be a company that has more than a decade of experience helping thousands of customers with unfairly negative credit reports, can help you correct your credit score without too much fuss.

Credit report repair services are particularly useful when:

— The negative items on your credit report are due to accounting, reporting or any other error committed by creditors, credit bureaus or collection agencies. Genuine errors can be struck off from the reports smoothly when you go through the proper procedures.

— The credit repair service providers are good at identifying errors that cannot be verified. By law, if any item in the report cannot be backed up by documentary evidence, it needs to be removed. This loophole can be used by credit repair companies to improve your score.

— Some lenders are willing to negotiate with credit repair representatives of their consumers. If your lender allows it, this can help you raise your credit score.