Internet Payday Loans

Internet Payday Loans
If you're short of cash, should you get a payday loan? Are
they really that helpful?

They can be, if you know how to use them. You can get cash
fast with them if you need to, but you need to be careful,
because they're expensive. It's a law that payday loan
businesses have to post interest rates prominently, so take
careful note of the interest rate you're actually paying
and make sure you know what you're getting into before you
sign the contract.

Here are some things you should know before you decide to
take out a payday loan:

Payday loans are expensive. Their annual percentage rates
run from 200% to upwards of 800% or even more. Some
approach 1000%. That's a lot of money. Even a cash advance
off your credit card isn't going to cost you as much,
usually. That's not to say that cash advances from credit
cards are good, because that's not responsible behavior
either. But if you must have money and you're in a pinch,
even a credit card advance is better than a payday loan,
usually. If you can borrow money from somewhere else, such
as your bank, boss, a friend, family member, or any other
source, it's likely that you'll get a better deal than you
would from a payday lender.

If you decide after considering all your options that you
still have to take a payday loan, shop around. You want the
lowest annual percentage rate you can find, also known as
an APR. One of the best ways to do this is to go online and
check out payday lenders there, to see which of them has
the best rates. Online competition is usually very intense,
so it's likely that you'll get a better rate if you do some
careful research here than if you simply walk into your
neighborhood payday lender and take out a payday loan right
then. The figures you compare should match in terms of
their characteristics, for best comparison. For example,
let's say a company tells you that you'll need to pay them
$10 a week for every hundred dollars you borrow from them.
You'll end up paying $521.43 in interest a year on a $100
cash advance with that setup, though. That's a lot more
than the "$10 a week" sounds like at first not. In
addition, make sure you know what other costs or fees will
be charged you besides when you take out your cash advance.

Make sure you know every single penny you are going to pay
before you sign. This way, you'll know how much are
actually facing in terms of paying back when the time
comes. You should also know what's going to happen if you
have to roll over your loan, which will happen in the event
you can't pay the balance all at once when the loan comes
due.

Finally, read contract very carefully and ask questions if
you're not sure of anything. Do this before you sign. Walk
out of the lender's store with every single question
answered, or don't sign. You should know that some lenders
will try to rush you through the signing process so that
the fine print gets by you, but don't let them. Take your
time and read everything. If you have to, take an unsigned
contract with you and show it to someone else who knows
more about financial matters than you do if you need to. If
the lender balks at any of this, walk away. There are many
payday lenders vying for your business, so if you don't get
every single question answered, you don't have to take it.
You also don't want to sign something that you're going to
be sorry for later.

Next, you need to know what's going to happen to you if you
have to do what's called a "loan rollover." This happens if
you don't have enough to pay back the loan in full on your
next payday, and it's very expensive. Not only will your
annual percentage rate shoot very high, but you continue to
accrue fees and interest. If you have to keep rolling over
your payday loan, you're going to continue to accrue
interest and charges, and this will likely get you in deep
trouble. Because of this, make sure you borrow only as much
as you can repay on the due date and nothing more. If you
don't think this is possible, don't even start.

The longer your cash advances are outstanding, the higher
your APR is going to go. Therefore, you need to borrow not
just the minimum cash possible to get you through a rough
spot, but you need to keep the repayment date as close as
possible, too. Know what the duration of the loan is before
you sign, and note what the due date is.

If you haven't worked with this particular lender before,
go to the Better Business Bureau's website before you
decide to sign on with them and check out the business and
its reputation. You can also check the lender out at your
local Chamber of Commerce. Again, you have rights here and
you need to make sure the lender is reputable.

If you decide that the payday lender you're going to use
will be an online one, make sure the site is secure. There
will usually be a "lock" symbol visible in the browser
window to the right if the site is secure, and the URL
itself will start with "https" instead of "http." The "S"
signifies that the site is secure. Most online providers
use secure sites, but check to make sure, because your
information is in danger if it's not. You need to use a
lender whose site is secure.

If you use an online lender, the procedure is the same as
with a local payday lender. You should be able to read
contract and all the fine print in full before you sign
anything, and lender contact information should be clearly
visible, including a phone number. It's a good idea to call
their phone number and check other customer service before
you sign anything, too, so that you know you're safe. You
can also clarify their policies with them. You should know
all charges and fees you'll be required to pay before you
provide any personal data. Print out the relevant details
and read them carefully; printing out and keeping a hard
copy is a good idea, too, so that if there are any
discrepancies later, you'll have something in print to
verify everything.

Payday loans can be very helpful in the short-term,
providing you absolutely need to use them. However, make
sure you can pay them back right away so they don't get
locked into an endless cycle of debt. You should also know
that many other sources are much better choices if you have
them available, including credit card advances. If you do
decide to take out a payday loan, make sure you can pay it
back right away and that you know everything you're
responsible for before you do so. If you're at all unsure,
walk away. It's not worth a small amount of money up front
if you're going to be locked into a cycle of endless debt
you can't get out of.

----------------------------------------------------
For more information please visit
http://www.paydayloans-online.co.uk/

Financial Goals Checklist

Financial Goals Checklist
Probably because it is time for New Year's resolutions, a
lot of us focus on our finances around this time of year.
Everyone I know has the same resolutions. They want to make
more money, find their soul mate, lose weight, exercise
more and get healthy. I am terrible at keeping resolutions,
so this year I am focusing on my goals. That way I won't
fail in the first month of the year!

So, what kind of financial goals should we work on this
year? I was reading an article in one of my magazines
called "10 Rules For Building Wealth". As I read it, I
realized that it was a pretty negative article. Some
aspects were good, but most point to the fact that we
really are not choosing our investments correctly. It
suggests that we need more education in the area of wealth
accumulation. Our net worth needs to increase and be
protected. Risk is really not an option when it comes down
to it. I work with clients daily who need to know what
there portfolio really says. I find it true that most of us
receive our quarterly statements, see if there was an
increase or decrease, than file it away. Never looking deep
enough to decide whether a change is needed.

Maybe it is time to set a goal to really read your
statement! You might need to make some course corrections
or move your money to a risk free product. But, whatever it
is, education is the key to our financial health!

I do not play the stock market any longer after losing half
of my retirement in 2001, and this article made me feel I
made the right choice. But if you are looking into
investing in something new, here is my advice;

1. Whether it is a stock, mutual fund, real estate or any
other investment product, make sure you do your due
diligence before buying the investment. This is a process
that cannot be avoided.

2. Get expert advice to be sure you have all your "ducks"
in a row.

3. Know what fees you will be charged for the investment
you are looking at.

4. Don't take your financial advisor's word for it.

5. Ask yourself, Will this investment work for me? Will it
get me on the road to financial freedom and a secure
retirement?

The main thing here is to "Think Twice" before making any
financial decision. The only one who really cares about
your money is you!

----------------------------------------------------
We teach women how to take control of their financial
futures so they can gain confidence and financial
competence to live a life of financial security. We provide
personal wealth coaching, in an encouraging and stress free
environment that is results-driven and will give you the
financial direction to lead you to a fulfilling,
financially rewarding and prosperous future. Go to
http://www.wealthharvest.com and sign up for my FREE
Newsletter now!

How checking your Free Credit Score regularly will help you save money.

How checking your Free Credit Score regularly will help you save money.
Checking your free credit score regularly will benefit you
because your credit changes every 30 days. You are probably
asking yourself what do you mean your credit changes every
30 days. Well the creditors you have obligations with
re-report your credit status every 30 days usually to all 3
credit bureaus. If you had a credit card with a credit
limit of $4000 and a balance of $2500 and you charged
another $500 on your card your balance would change along
with your credit score as well. Since creditors report any
changes with your credit report every 30 days, you probably
should check you credit report once every 3 months. It
would probably not hurt to pull your credit report every
other month. There is a lot that can happen to your report
within a 30 day period. The point I am trying to make is if
you are managing your credit properly, and want to be aware
of your credit score, you need to check it often. Anything
can happen to your credit within a 30 day window. Let's
assume one of your creditors accidentally reports a late
payment on your credit report, and you actually were not
late. Because of this mistake on your creditors behalf,
they just dropped your credit score 100 to 150 points. You
decide to go apply for a new car, because you need one and
they are advertising low interest rate loans. To your
surprise because of this particular creditor's mistake, you
get denied because your credit score is too low. Believe it
or not this is a very common issue out there. 1 in 4 credit
reports have mistakes that cause low credit risk people to
get denied. I hope I have convinced you to stay on top of
your credit.

Oh, pulling your consumer credit report does not affect
your credit score at all. It is considered a soft pull.
With all that I just discussed, I would assume you are not
independently wealthy. You probably need to save as much
money as possible so you can retire someday. With your
credit being in good standing you will save on interest
rate charges, therefore being able to save more. Stay on
top of your credit and start saving today. There has never
been more of a sense of urgency to make sure you are
getting the grade in this digital age. When I say getting
the grade, I am talking about your creditworthiness. With
everyone wanting to know your score, you might want to get
your free credit score today.

----------------------------------------------------
About the Author: Mike Clover is the owner of
http://www.creditscorequick.com/ . CreditScoreQuick.com is
the one of the most unique on-line resources for free
credit score report, Internet identity theft software,
secure credit cards, and a BlOG with a wealth of personal
credit information. The information within this website is
written by professionals that know about credit, and what
determines ones credit worthiness.

6 Credit Repair Steps to Close More Mortgage and Mortgage Refinancing Deals for Your Clients

6 Credit Repair Steps to Close More Mortgage and Mortgage Refinancing Deals for Your Clients
While the subprime debacle is responsible to a great degree
for the current downturn in the economy, the ongoing
malaise in the housing market is not completely due to
people not wanting or fearing to buy homes; it is due to a
large part by poor credit scores keeping people from
getting a mortgage or a mortgage refinancing deal.

To make matters worse, with the horrifying increase in
foreclosures across the country, the mortgage, and mortgage
refinancing problem for mortgage brokers is just going to
grow.

When an individual's credit score goes down, so does their
choices for mortgages and mortgage refinancing options. To
compound the matter, hundreds of "credit repair" services
are popping up that are quite often at best undependable.

Good credit is an absolute must for a loan originator to be
able to put through most reasonable mortgage and mortgage
refinancing deals, and with the problem not going away
anytime soon, it behooves the loan originator the help
their clients with ideas for the credit repair process of
improving their credit scores.

This type of credit repair advice is the way that a
mortgage broker can turn a potential client into the "real
deal" and close their mortgage or mortgage refinancing
deal. Also, if done properly, more often than not, the
process can take place in a relatively short time span.

Step 1

Realize that rebuilding an individual's credit score is an
ongoing process and requires thoughtful preparation to
successfully rebuild his or her credit to an acceptable
level to obtain a well structured mortgage or mortgage
refinancing product.

For this reason be sure that as your client starts a credit
rebuilding program, that whatever your client decides that
they can budget and implement, they need to make sure that
it is something that they can stick with and that their
payment structure is such that they never fail to pay their
obligations on or before the dates that they are due. Being
late on payments from being too ambitious when planning
their program will compound the problem and may "put the
final nail in the coffin" of their plans to obtain a new
mortgage or do any mortgage refinancing.

If there are extenuating circumstances such as divorce,
insist that they review their credit program with their
attorney before agreeing to anything.

Step 2

If your client's credit card companies have not reported or
have understated their credit limits on their credit cards,
it can hurt their credit score. For this reason, have your
client determine if their credit card companies are
understating their credit limits on their cards. Often
credit limits are reported as lower than they actually are
and frequently may not be reported whatsoever.

While we are on the subject of credit cards, make sure that
your client has a minimum of three credit cards or other
sort of revolving credit. Many people mistakenly believe
that if they have credit cards it actually hurts their
credit score and because of this, they cancel some or all
of their cards. This can actually damage their credits
score and hurt their chances of getting a new mortgage or
doing any type of mortgage refinancing program.

Furthermore, if they do not have any credit cards, have
them obtain at least three. If they have trouble with
getting typical cards like Visa, Master Card, Amex etc,
tell them to try a local department store, or a Home Depot
or Lowes. Quite often these types of stores are more
lenient in granting revolving charge accounts.

Step 3

Make sure that your client reduces any outstanding credit
card balances to under 30% of their credit limit on each of
the individual cards. Some people mistakenly think that the
30% figure is based on their overall revolving credit card
balance, but this is false. A single card over the 30%
balance can nullify the benefit of the effort of having the
revolving credit cards in the first place.

If your client has one card over the limit and several
others under the limit, if they are limited on cash and
cannot pay down the high card, have them see it they can
transfer some of the higher card's balance to the lower
cards. Have them check first before doing this to see if
this type of transfer creates a higher interest rate or any
other adverse effects on their credit.

Thus, if an individual has 3 credit cards with a total of
$12,000 credit, but two of them have a $2,000 limit and the
other has an $8,000 limit, make sure that they keep the
$2,000 limit cards under $600 each and the $8,000 card to
under $2,400.

Implementing this simple process will cause credit scores
to rise, along with the possibility of obtaining that
desired mortgage or mortgage refinancing program.

Step 4

When helping your client to raise their credit scores, make
it a point to frequently pull their credit reports for them
to determine their status as well as any errors on their
reports.

Errors are so common on credit reports that over 75% of all
credit reports have a minimum of one or more mistakes on
them. Just by their being diligent and carefully insuring
that any incorrect reporting information is removed, their
credit score will quite often go up incredibly. This is
certainly one of the easiest and most effective things that
your client can do immediately to improve their score
dramatically along with the possibility of them obtaining a
new mortgage or mortgage refinancing of their existing
mortgage.

Step 5

If your client's credit has been damaged to the point of
having been sent to a collection agency, they probably will
not want to immediately pay off the credit card debt.
Amazingly, this can actually hurt your client's credit more
than it already is with the collection issue on their
record.

When one of your clients have been sent to a credit
collection agency, the effect on their credit is low after
about two years and is virtually wiped out after four years.

Thus, if your client does determine to pay off a debt that
has been sent to a collection agency, be sure that they
receive a letter from the collection agency stating that
the collection agency will send what is called a "letter of
deletion" to the credit bureaus immediately after the bill
is satisfied to insure that the disparaging credit problem
is completely removed from their credit report. Stress to
your client that they should not pay anything on the bill
until they receive in writing the agreement for the letter
of deletion from the collection agency.

Most people trying to improve their credit to obtain a
mortgage or mortgage refinancing on their home think that
they need to pay off everything as quickly as possible, but
this is one case that paying before you obtain the proper
documents protecting your situation can actually seriously
hurt your credit. People have in reality completely paid
off a debt or negotiated a settlement to learn to their
dismay that they now have no leverage to get the collection
agency to send the letter of deletion.

Step 6

Finally, if your client does not make paid installments on
a car or a boat, have them take out some sort of
installment loan with someone like Best Buy or Sears on
some needed appliance or with Staples or Office Depot for
some business equipment. Credit bureaus look carefully not
only at the fact that you have credit, but also the blend
of the types of credit that you have. Having just credit
cards only is not as advantageous as having credit cards
and some sort of installment payment loan.

The only thing that I will caution you with here is to be
careful of the interest rates on any new installment loan
that you may obtain. Some of these rates can be "out of the
roof" and create undo stress on the monthly budget.

Also, unlike the credit cards which you should keep in
perpetuity, obviously, revolving credit comes to some point
at which the loan is satisfied and the monthly payment
ceases. Your client should not buy just for the sake of
buying, but if they are trying to improve their credit
scores, planning a purchase that they might have paid in
full with cash, would be better if they put a substantial
amount down in cash and then financed the balance on an
installment loan. This type of arrangement can frequently
reduce the interest on the loan as well.

----------------------------------------------------
Phillip P Gilliam is 58, and currently lives in Florida
with his wife and youngest daughter, and is a native of
Ohio. He went to Wright State University and has over 37
years experience in marketing, software development,
business management, and finance. You can contact Phil at
http://www.home-mortgage-refinancing-mortgage-company.com

Does FHA/HUD Owe You A Refund?

Does FHA/HUD Owe You A Refund?
Remember the first mortgage you signed for, ... sitting at
the table and looking at all the fees you were charged by
so many different people, just to get your mortgage. It
seems overwhelming. Have you ever noticed that they are
always quick to take your money but v-e-r-y slow when it
comes to providing a refund?

Well here is another example of the slow process, but
worse, it could have slipped through the cracks altogether,
and there are plenty of cracks. This information may seem
confusing and contradicting but it is not intended to be
so. It is the "system". If you are owed a refund it
certainly won't make you rich. It's about the principle
isn't it?

If you had an FHA-insured mortgage, you may be eligible for
a refund from HUD/FHA. Review your settlement papers or
check with your mortgage company to determine if you paid
an up-front premium. You may be eligible for a refund of a
portion of the insurance premium if you: acquired your loan
after September 1, 1983, paid an up-front mortgage
insurance premium at closing and did not default on your
mortgage payments.

There are some common sense Exceptions:

When an FHA-insured loan is assumed, the insurance remains
in force (the seller receives no refund). The owner(s) of
the property at the time the insurance is terminated is
entitled to any refund.

FHA-to-FHA Refinances: When an FHA loan is refinanced, the
refund from the old premium may be applied toward the
up-front premium required for the new loan.

Claims: When a mortgage company submits a claim to HUD for
insurance benefits, no refund is due the homeowner.

Refunds are based on the number of months the loan is
insured. For any FHA-insured loans with a closing date
prior to January 1, 2001, and endorsed before December 8,
2004, no refund is due the homeowner after the end of the
seventh year of insurance. For any FHA-insured loans
closed on or after January 1, 2001 and endorsed before
December 8, 2004, no refund is due the homeowner after the
fifth year of insurance. For FHA-insured loans endorsed on
or after December 8, 2004, no refund is due the homeowner
unless they refinanced to a new FHA-insured loan, and no
refund is due these homeowners after the third year of
insurance.

Mortgagee Letter 2005-03 provides additional information on
recent policy changes regarding refunds of up-front
mortgage insurance premiums. Simply stated all loans
endorsed after December 8th, 2005 are no entitled to a
refund of UFMIP unless it is an FHA to FHA refinance in
which case the refund is applied towards the new UFMIP.
Cool, Huh?

How are refunds processed?

Your mortgage company notifies HUD of the termination of
the FHA mortgage insurance for your loan. If you are
eligible for a refund, HUD will either request that the
Department of the Treasury issue a check directly to you or
send you an Application for Premium Refund so that you can
provide HUD with additional information about your case.

If you receive a form HUD-27050-B, read and complete the
application carefully, sign it, have it notarized, and
return it to HUD along with proof that you were the owner
of the property at the time that the insurance was
terminated.

After HUD receives your completed form HUD-27050-B and the
necessary supporting documentation, this information will
be carefully reviewed. Upon completion of this review, HUD
will either request that Treasury issue a check directly to
you or request additional information from you.

How to follow-up:

If you do not receive a check or an application within 45
days after you have paid off your loan, check with your
mortgage company to confirm that they have sent HUD a
request to terminate the mortgage insurance on your loan.
If they confirm that the correct termination information
was sent, contact your local HUD office or contact them
through their website. All inquiries should include your
name, your FHA case number, the date that the mortgage was
paid-in-full, the property address, and your daytime phone
number. Remember this too, the rules governing eligibility
for premium refunds are based on the financial status of
the FHA insurance fund and are subject to change.

There you go. Simple isn't it. Like I said it won't make
you rich and probably isn't worth the bother if yours did
slip through the system. A word of comfort, it probably
did not although some do. The reason I have this
information here is so you realize how important it is that
you understand your loan and it's fees. You must ask
questions about anything you are not sure of. Most
important, make sure you are working with a reputable
Mortgage Broker that has the experience and knowledge to
assure that your interests are taken care of.

----------------------------------------------------
Connie Sanders is available to answer any mortgage
questions you have and can be reached from her information
only web sites at http://www.fha-guidelines.com or
http://www.fha-mortgageunderwriters.com

Three (3) Secrets to a Successful Tax Return!

Three (3) Secrets to a Successful Tax Return!
Having the right team of advisors is critical to achieving
your financial goals faster than you ever thought possible.
For most people, taxes are the single biggest expense.
This makes finding the right tax preparer for your team
extremely important.

HOW DO YOU FIND A TAX PREPARER THAT IS RIGHT FOR YOU?

First, not all tax preparers are the same. I previously
wrote an article about this last year titled: "Tax Returns
- Are they really all created equal", and you may be as
surprised as other readers about just how much tax return
preparation can vary.

In fact, I calculated the average savings I typically find
from annual tax savings, reducing professional fees and
audit assessments. In total, the average savings are:

- $23,750 Annual tax savings
- $5,000 Audit defense savings
- $10,000 Reduced audit assessment savings
- $50,000 Reduced legal fees
- $3,000 Reduced tax return preparation fees

This is a total average potential savings of $91,750! Your
tax preparer does make a difference! How much more could
you do with these savings?

Second, the right tax preparer for you depends on what is
important to you. Take a minute to answer this question:

WHAT MAKES YOUR TAX RETURN SUCCESSFUL?

How you answer this question will impact what type of tax
preparer you need on your team. I've asked this questions
to clients, prospects and colleagues. I have compiled the
most popular answers and what it means to you as you find
the tax preparer for your team.

ANSWER #1: Paying the least amount of tax legally

Your tax preparer needs to:

- Know the tax law very well and know how to be creative
legally.
- Ask you a lot of questions about your situation in order
to understand your situation and goals.
- Have a review process where at least one other person
reviews your return solely for the purpose of how to reduce
your taxes legally.

HERE ARE SEVEN (7) QUESTIONS YOU SHOULD ASK YOUR TAX
PREPARER TO DETERMINE IF IT'S A GOOD FIT:

Q1: Can you tell me about the other ___________ (your
industry) you service?
A: Your tax preparer needs to know how the tax law applies
to your situation. Having other clients in your industry
or with similar investments indicates that the tax preparer
is likely to be familiar with the tax laws that impact you.

Q2: Who will be working on my tax return?
A: It's very common (and a good business practice) for tax
preparers to have staff prepare your tax return. You want
to make sure the other people working on your return have
the same level of expertise.

Q3: What is your tax return review process?
A: Tax preparers who are focused on reducing your taxes
will have this built into their review process. Usually it
involves having another experienced tax preparer review the
return solely for the purpose of finding ways to reduce
your taxes.

Q4: What would you have done differently on my past tax
return?
A: Show the tax preparer you are interviewing your prior
year tax return. Creative tax preparers will be able to
give you at least one idea of what you can do to reduce
your taxes by looking at your tax return for just a few
minutes. If it's creativity you are after, this is a great
question to ask! But don't expect the tax preparer to give
you all the details right then and there - that's why you
pay them!

Q5: How much can you save me in taxes?
A: While it's difficult for any tax preparer to answer this
in just a few minutes of looking at your past tax return,
it is possible for them to know if they can save you taxes
after spending 30 minutes with you.

Q6: What deadlines do you impose on clients?
A: This may seem like an odd question for minimizing your
taxes but it has a direct impact. If your tax preparer
allows you to provide your information a week before the
tax return is due, it's very unlikely that the tax preparer
will have the time to focus on your return to truly
minimize your taxes. Tax preparers that want to reduce
your taxes want your tax return information early and will
communicate that to you.

Q7: What recent tax law changes should I be aware of? A: To
minimize your taxes, your tax preparer needs to know the
tax law inside and out, which includes the latest changes.
Your tax preparer needs to be able to answer this question
without hesitation.

ANSWER #2: Minimizing tax return preparation fees Your tax
preparer needs to:

- Focus on the tax work and recommend someone else for the
non-tax work (such as bookkeeping).
- Request tax information in a certain format.
- Require you to input your information online.

HERE ARE TWO (2) QUESTIONS YOU SHOULD ASK YOUR TAX PREPARER
REGARDING MINIMIZING RETURN PREPARATION FEES TO DETERMINE
IF IT'S A GOOD FIT:

Q1: What can I do to reduce my tax return preparation fees?
A: To minimize your tax return preparation fees, your tax
preparer always needs to have your fees in mind. Ask your
tax preparer what you can do to reduce your fees. If you
don't get at least 2 suggestions, your tax preparer
probably isn't thinking about how to keep your fees low.

Common suggestions include:

- Have someone other than the tax preparer do your
bookkeeping. I am always skeptical when a tax preparer does
the bookkeeping. First, they either charge an arm and leg
or if they reduce their rates to accommodate you, it means
they don't spend their time entirely on tax issues, which
could indicate their tax skills aren't up to par.

- Organize your information. Don't bring your tax preparer
a shoebox! A tax preparer that is really focused on keeping
your fees down will have forms, spreadsheets and other
tools available for you to use to organize your tax return
information.

- Enter your information online. Many tax preparers now
require clients to input their information online.
Accurately entered information can help reduce fees.
Caution: Information that is entered inaccurately can
increase your fees!

Q2: What is your fee structure?
A: Your tax preparer needs to be able to answer this
question with confidence. Any wavering could indicate that
the tax preparer knows the fees are too high for you but
just doesn't want to tell you. Unfortunately in these
situations, you find out too late!

ANSWER #3: Reducing audit risk Your tax preparer needs to:

- Know the tax law very well and how to properly report
your activity.
- Understand the IRS's current "hot buttons" or "red flags."
- Offer an audit defense plan.

HERE ARE FOUR (4) QUESTIONS YOU SHOULD ASK YOUR TAX
PREPARER IN REGARDS TO REDUCING AUDIT RISK TO DETERMINE IF
IT'S A GOOD FIT:

Q1: How many audits have you been through and what
triggered the audit?
A: The most important part of this question is what
triggered the audit. If it was triggered by how something
was reported, then that may be something the tax preparer
had control over (and may be a bad sign for you).

Q2: What was the outcome of the audits you have been
through?
A: A return can be randomly selected for audit or selected
because of a certain activity (even though it was reported
correctly). So it's important to understand the outcome of
the audits. Was additional tax assessed or were there no
changes? Additional tax may indicate that something was
not reported properly.

Q3: Do you offer an audit defense plan?
A: Tax preparers that are confident in their work will
offer an "insurance" program that covers their professional
fees to handle your audit if your return is selected for
audit.

Q4: What is your tax return review process?
A: Although tax returns can be selected randomly for audit,
many are selected due to how items are reported on the tax
return. Tax preparers who are focused on reducing audit
risk will have a review process that includes another tax
preparer reviewing your return solely for accuracy of
reporting.

Be selective with the tax preparer you put on your team.
The average savings I find for my clients is over $90,000!
Your tax preparer makes a difference!

----------------------------------------------------
Tom Wheelwright is not only the founder and CEO of
Provision, but he is the creative force behind Provision
Wealth Strategists. In addition to his management
responsibilities, Tom likes to coach clients on wealth,
business, and tax strategies. Along with his frequent
seminars on such strategies, Tom is an adjunct professor in
the Masters of Tax program at Arizona State University. For
more information, please visit
http://www.provisionwealth.com

Payday Loans

Payday Loans
Benefits of Payday Loans

There are many benefits to taking a payday loan versus
applying for a loan from the bank. Many people find that
at times they struggle from week to week to make ends meet.
Most often the financial struggle that they have, does not
warrant taking a loan out from the bank. Sometimes people
just need a little bit to get by. That makes payday loans
the perfect solution for a short-term problem.

Payday loans are very simple and easy to do. Some require
proof of employment as well as a copy of an electric or
utility bill while others are completely paperless. You
can choose which type of payday loan to do based on the
type of credit you have. If your credit is less than
perfect, then you may want to go with the paperless option.
Keep in mind, as payday loans are for short-term purposes,
they are generally capped out at a certain amount.
Generally you will see payday loans up to $500 or even
$1000.

The amount you are allowed to borrow depends on what your
income is. For instance if you only earn $300 every two
weeks you will not be allowed to take a $500 loan out.
They base their loan amount on the amount of money you
earn, which tells them how much you'll be able to pay back
on your next payday. Think of it as an advance on your
pay, this way when you get your paycheck you immediately
pay back the money and nothing is missed. There is a small
fee of the finance charge that is tacked onto the amount
you have to pay back. This covers the cost of the payday
loan.

People get payday loans for many different reasons such as
to help pay the bills, medical emergency or even to help
fix the car in the event that it breaks down. No matter
what your reason is for getting a payday loan, you need to
be sure you go with a legitimate company so you are not
stuck with outrageous finance charges.

Most payday loan offers are done on the same day basis.
Some let you cash the check right there at their facility,
while others will directly wire money to your account.
When it comes time to pay the loan back you may either be
required to come in person and pay it off or it can be
directly be taken out of your bank account on a certain
day. Either way, be sure you know exactly what you're
getting into so you know what to expect and when to expect
it.

These short term payday loans generally need to be repaid
anywhere from one week to one month from the date the loan
was taken. Some do offer the possibility of extending the
loan but keep in mind, that you'll have to pay extra
finance charges. The longer you take to pay the loan, the
more you end up paying for it.

There are many types of payday loans that allow you to
apply right online at their website. You have an answer
within minutes and money within 24 hours. You can also
check your area to see what local payday loans are offered,
were you can go and apply in person taking the money with
you when you leave.

With the way the economy is today, many people are finding
it hard to keep up with their bills on a monthly basis.
People find that they fall behind and have a hard time
catching up. Applying for a loan at the bank can prove to
be difficult if you have bad credit. This is why more and
more people are turning to the payday loans, as it offers a
quick solution to the problem.

Sometimes just a little bit of money can be all it takes to
get you back on track were you need to be. With payday
loans, your in it short-term, at the most, a month tops. A
loan from the bank can take years to repay. Before you go
to apply for the payday loan, be sure to know exactly how
much you need to get you where you want to be. You don't
want to go in and request too little money, making it so
you don't have enough to pay the bills still. That can
leave you in a bind when it comes time to pay back the
payday loan. So be sure to know what you want before you
apply for a payday loan.

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For more information please visit
http://www.paydayloans-online.co.uk/