Is An Auto Body Franchise A Good Investment?

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Submitted by: Samantha McCartney

Deciding to invest in a franchise is a great choice. Franchises are known for having more success than opening a new business from scratch. This is because they have already developed a system and worked out all or at least most of the kinks. Even though some of the steps are done for you, you can still be your own boss and manage your own business with a franchise. One of the hardest decisions is what type of franchise to open. One idea is to invest in an auto body franchise. Is that a wise decision?

Well you must first remember that each person must decide what type of franchise is right for them. There is no single franchise that is right for every person. You must consider your interests, abilities, and your goals. All of those things must be given consideration when choosing a franchise to invest your time and money into.

But, if you are interested in cars and know a little about them and can work on them an auto body shop is a great choice. There are many auto body franchises to choose from so there should be at least one that will help you meet your goals personally and financially. Most auto body shops also offer a variety of services that you can learn about to increase your knowledge which is always a good thing.

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Something to Consider: There are more than 275 million vehicles on the road this year alone, that number is increasing yearly by about 5%. That means that there is a huge market for the auto repair industry. In 2006 there were over 68,000 accidents total in the U.S. Just think with increasing vehicles on the road, there will be an increase of accidents to follow. That is by no means a good thing, but that tells you that there are a lot of vehicles that will need repair. That number of vehicles on the road will only continue growing as will your auto body franchise business. There is always room to grow each year in an auto body repair franchise.

With all of those accidents each vehicle will need something different as far as repairs go. So, you want to make sure that you chose an auto body franchise that offers a wide variety of services. Customers are also looking for the latest technology in everything. So, also make sure that they offer the best systems to repair your future customer s vehicles. You should also invest in an auto body company that has a good reputation, even if it is not a long history, you want a good history. This is a big thing that customers look for when repairing anything on their vehicle. You must have good word of mouth reputation!

If you think that an auto body franchise is a great choice for you, you are heading toward great things! Start looking today for an auto body franchise that meets all of your goals and grow into a great career as a franchisee!

About the Author: For more information on an

automotive franchise

, visit BumperDoc

auto body franchise

and start your path to business ownership.

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Business Adviser Aim Is To Provide You With Advice When Your Business Needs It}

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Business-Adviser Aim is to Provide You with Advice When Your Business Needs It

by

Mark Bonney

Knowledge is power and with the right knowledge at the right time you can make informed decisions and act decisively on it. The problem is, specialised knowledge is available only with people who have specialised in that field, are knowledgeable, experienced and are up-to-date in that field. Fortunately for the businessman of today, expert help and assistance is as readily available as the dial tone in your desktop telephone instrument. It is as easy as picking up the phone and calling your favourite professional service provider which in Australia, usually means Business Advisor.It is too easy to make the mistake of assuming that everything is okay and the business is doing well. Often times, it takes a pair of fresh eyes to spot a potential problem or to point out potential problems that might crop up in the immediate future.At Business Advisor, their number one goal as expert accountants and Certified Public Accountant Parramatta is to help all business owners succeed. After all, being successful in business these days, requires more than just being in the right place at the right time and having a bucket full of luck it also takes expert input from people who have the knowledge and the experience.You cannot underestimated the value that others can bring to your business. Your external CFO, legal and Tax Accountant Parramatta can be your trusted partners and advisers they could be your ‘Go to’ guys, your stress relievers who can help you deal with a range of business challenges that crop up daily. The best expert group is Business Advisor (http://business-adviser.com.au); take them onboard so they can share their knowledge, insight and expertise to help take that load off your shoulders and remove the worry and stress of the problems you might face. Let the experts handle the problem areas while you focus on running the business.You’ve probably heard the term headed for the rocks. If you see them you will probably steer clear of them. But what about rocks you cannot see? Financial pitfalls usually tend to be rocks that cannot be seen. More often than not, it takes an expert pair of eyes to see what’s coming and a good bunch of financial, investment and legal advisors can point out the rocks for you and help you chart a course that leads you to a profitable port.Business Advisor can help you managing your cash flow, adopt the right strategy and sound the alarm when business terms presented to you are unfavourable or at best, dicy. Getting expert advice will definitely save you time and money and might even actually help save your business. Best course of action is to not wait until you hit the rocks call Business Advisor today or visit them at http://business-adviser.com.au.A complete financial and system analysis is an important first step in figuring out what happens next. Once we have an understanding of just what the issues are and what needs to be done to achieve the outcomes the business owners desire, we can begin to put into place the necessary procedures to maximize profit and performance of any business.Article Source: eArticlesOnline.com

}

Is My Insurance Company Safe?}

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Is My Insurance Company Safe?

by

In the current economic turmoil, you would be hard pressed not to worry about the state of your finances. If you have a life insurance policy, the questions that immediately spring to mind are whether your life insurance company is safe? And will it still be around to pay your beneficiaries when you die? These are valid questions that need answers and of late they are being asked more frequently than ever. With major insurance companies in the US all reeling under significant losses, there is worry and unease surrounding this industry both from within and from its millions of policyholders. To put it straight, the policy you purchased is only as good as the company you bought it from. If that company declares bankruptcy tomorrow, where would you stand?

There are a few assurances though. When determining whether an insurance company is safe, you need to check the ratings of the company as declared by organizations such as A.M. Best, Standard and Poors or Moodys (or even all three). These ratings are graded alphabetically with some going even as high as AAA. Some companies use pluses and minuses to indicate minute differences in the rating. But, any rating that is A- or above would be considered safe. A company with a lower rating than this would be termed as high-risk. Another option is to check www.thestreet.com. This is an independent insurance rating company that is also unbiased in its approach. Owned by a well-known consumer group, Thestreets ratings are extremely tough and objective with only 11% of insurance companies rated as excellent.

That said, ratings change continuously and the agencies can alter a grade at any point of time depending on the financial health of a particular company. So, even if you purchased a policy from a company that was rated A+ a few years ago, this may not be the same rating awarded to them today. In such a situation, if the rating has only fallen to a A- there is no real cause for concern as the difference between the two grades is negligible. As long as your company is rated A or above, claims will be paid out. In the event that the ratings have fallen lower than an A, monitor the company regularly. If you feel the need to move to another

life insurance company

, you should know that there will be surrender charges involved. Keep all this in mind before changing companies and never ever cancel a policy before the new one is in effect.

There are also measures in place by the government to protect

life insurance policy

holders.Most life insurance companies are regulated at a state level. The state ensures that adequate funds are in place in case an insurance company requires the same to meet with the demands of claim payments. If the company becomes insolvent, the State Guaranty Association will cover death benefit claims of up to $300,000. Check out the website of the National Organization of Life and Health Insurance Guaranty Association (www.nolhga.com) to study the funding limits of your particular state. In case of bankruptcy, all policyholders are covered by the rules of the state where they reside or where they bought the policy from (if they are residing abroad at the time).

About AccuQuote:

AccuQuote is a leader in providing

term life quotes

to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term

life insurance rates

by comparing thousands of life insurance policies from dozens of top-rated carriers.

Article Source:

eArticlesOnline.com}

Insurance Versus Assurance: What Is The Difference?}

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Submitted by: Robin Richmond

The world of finance is extremely complicated and there are many factors to consider when choosing any financial protection product.

When looking for a policy you need to know what you are looking for and what is on offer in order that you get the right cover for your needs.

One thing that many people find confusing is the specific use of the term insurance and the use of assurance. What are the differences between them?

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In general, the term insurance refers to providing cover for an event that might happen while assurance is the provision of cover for an event that is certain to happen.

For the purposes of financial provisions, a life insurance policy provides cover for a set period of time. If the worst were to happen during that time (and there are no complications), then the insurance company will be required to pay out the agreed sum to the beneficiary. The only time the policy has any real monetary value is if there is a claim made for payment as a result of an event triggering that claim, such as the death of the person covered. If the person outlives the term of the policy, then the insurance policy will cease and no payment will be made.

Life assurance is different from insurance, and will always result in a payment. This is achieved by combining an investment element along with and an insured sum. This means that over time the value of the policy can increase as the investment bonuses are added. If a person covered by life assurance were to die, then the insured sum would be paid out, alongside the investment bonuses which would have accrued over time. If it is necessary to cancel the policy prior to the end of any designated term period, or the death of the life being covered, then once an investment bonus has been added, the life assurance policy will have an encashment value. It is therefore possible to cash in a policy earlier than its usual termination date, in order to collect on the investment portion. It should be noted that many insurance companies place penalties for cashing in policies early.

The distinction between the two terms has become increasingly blurred. This is principally due to many companies offering both types of policy and grouping insurance and assurance titles in similar contexts, sometimes interchanging the two terms. Richard Brown, Chief Executive of Moneynet.co.uk, clarified the situation by stating, most life insurance companies offer a wide range of insurance and investment services for example pension, investment funds, investment bonds, car insurance, home & contents insurance, life assurance, and even loans. Sometimes a life insurance company will call itself a life assurance company but they mean one and the same.

More companies within the financial services industry have realised that consumers are becoming increasingly baffled by the choice of financial products available. Although this confusion has resulted in a certain amount of apathy, many firms are resolving the situation by providing comprehensive information guides. This has lead to an increase in the number of the online financial guides and glossaries that have become available. Sites such as http:www.Moneynet/ or http:www.Moneyfacts/, and http:www.MoneyExtra/ not only provide comparisons of financial products, but also information to help consumers make informed decisions. With organisations like Which? writing publications such as Be Your Own Financial Adviser, the focus has turned to providing consumers with sufficient information to make their own financial judgements.

About the Author: Moneynet.co.uk is the UKs most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products.

moneynet.co.uk

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Smart Credit Card Habits For Students

By Peter Sissons

For credit card companies one of the largest groups of potential customers they chose to target each year is college students. Student credit cards offer young adults a way to cover expenses while attending school, something that is often easier said than done. By offering nave college students, who have little to no prior experience with credit cards, a way to pay their bills and cover other expenses, credit card companies often find a number of eager new customers. However, student credit cards often cause many students who have never experienced the process of managing their finances a quick fall into debt. Credit card debt can be a real and very extreme danger for students applying for their first credit card.

Many credit card companies find ways to appeal to young college students looking for financial help. Some offer low interest rate or 0 APR credit cards to college students with good credit. However, what some of the trickier credit card companies fail to mention to students, or include in fine print that is often overlooked, is that low rates or 0% APR is sometimes only offered for a short period of time, such as a year. Once the initial time period is up, rates will often increase to more standard rates which is sometimes unexpected and in some cases overlooked by customers. This can cause student credit card customers to become inundated with credit card debt.

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Once credit card debt gets up to a certain point, payments can be huge; this is why it is important to keep credit card debt at a manageable rate. Once credit card debt gets too high, payments will also rise. If payments are missed, credit card interest will cause credit card debt to climb even if the credit card has not recently been used. Keeping on top of payments and not using the credit card to an extent to which you will have trouble making payments on time is the ideal way to stay free of credit card debt.

It is important for students to be aware of the dangers of credit card debt in order to avoid financial trouble. However, it is up to them to be informed and make smart financial decisions when it comes to student credit cards. If students are interested in applying for a credit card, the best way to go about it is to research credit card companies to find the best credit card and credit card rates available. Some student credit card deals are co0mpletely legitimate and can be a great way for students to manage their finances. If students are informed, make regular payments, and do not raise their credit card limits to absurd rates, they will most likely be able to manage their credit card with no problems.

About the Author: Peter Sissons, Retired Bank Manager and

Credit Card Debt

advisor – focusing on

Secured Credit Cards

and

Student Credit Cards

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Home Equity Loans Vs Home Equity Line Of Credit Which Option Should You Choose?

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By Carrie Reeder

Tapping into your home equity loans qualifies you for low rates with the potential benefit of tax write offs. Lenders have developed a number of financing solutions for you, each with their own pros and cons. Home equity loans provide low rates with some closing costs. On the other hand, a home equity line of credit waives closing costs and application fees for flexible lending amounts at slightly higher rates.

Benefits Of A Home Equity Loan

For those wanting to borrow a large amount for several years, a home equity loan provides the cheapest financing. By paying closing costs, you can lock in a low fixed or adjustable rate. You also can select terms that help you get you a reasonable monthly payment.

Home equity loans usually dont have any limit balances, early payment, or annual fees. Structured like a regular mortgages, interest is primarily paid at the beginning of the loan period.

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Benefits Of A Home Equity Line Of Credit

With a home equity line of credit you can borrow amounts when you need to with an issued credit card. With a predetermined credit limit, you have flexibility of when you can draw on funds. So you can pay off the balance one month, and then borrow a thousand the next.

Interest is only paid on the amount you borrow. Usually, the minimum payment is only the interest charged for that month. Most lenders also offer the option of converting your line of credit into a second mortgage when you are ready to make regular payments.

A line of credit doesnt usually have any application fees. But there may be fees for carry a minimum balance or closing the account early.

Choosing The Right Equity Financing

Home equity loans are designed for large lump sum payments, used to pay off credit card debt or pay for a remodel project. Terms extend for several years to make the loan payments manageable.

Home equity line of credit is best for short term financing. Interest payments can be kept to a minimum by paying off balances early. Opening a line of credit also gives you the option of available credit without having to pay large applications fees.

No matter which type of financing you settle on, make sure you compare several lenders to get the best deal on rates and fees.

About the Author: Visit

abcloanguide.com/homeequityloan.shtml

for a list of home equity loan companies online. View our recommended

home equity loan companies

online.

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Mortgage Refinancing For People With Bad Credit Low Credit Score Home Loans

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By Carrie Reeder

Refinancing a home loan with poor credit is a great and effective way to resolve some of your credit problems. Individuals with poor credit are likely unable to pay creditors on time or have many past due credit accounts. To fix credit problems, most people simply need extra cash to payoff debts. With this said, homeowners hoping to improve their credit should consider refinancing their mortgage.

When Is Refinancing a Good Idea?

Although there are numerous benefits to refinancing, each situation is different. To gain the most from a refinancing, the circumstances must be right. For example, if you have a high interest rate, refinancing is ideal for obtaining a lower rate. Secondly, homeowners with an adjustable rate mortgage may decide that now is the time to lock in at a fixed rate. Whatever the reason for refinancing, make sure it’s worth the closing fees.

Refinancing creates a new home loan. Thus, the procedures are comparable to attaining the original mortgage. If the purpose of refinancing is to payoff debts, opt for a cash-out refinance. This will add to the total amount owed on the mortgage. Before accepting this option, make sure your income can accommodate a higher mortgage payment.

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Getting Approved with a Low Credit Score

If you have bad credit, getting approved for certain types of loans or lines or credit is difficult. However, because homes and automobiles are deemed secured loans, these are easier to acquire with poor credit. Hence, refinancing a home with a negative credit rating is realistic.

Needless to say, there is a disadvantage to accepting a loan with bad credit; and it has a lot to do with interest rates. Those who gross a sizeable income are likely unconcerned about interest rates. On the other hand, if you earn a modest income, getting the lowest rate is perhaps a major concern.

Lower rates amount to affordable monthly payments. To get the lowest rate possible with bad credit, homeowners should attempt to boost their credit score a few points. This requires little effort. Simply submit timely payments to creditors and attempt to reduce debts.

Sub Prime Refi Lenders

Another tactic for getting a low-rate refi with bad credit is using a mortgage lender that offers bad credit or sub prime loans. Your current mortgage lenders may offer these types of loans. If not, contact a mortgage broker and complete a quote request. Brokers are perfect for locating a suitable bad credit lender to handle your mortgage refi.

About the Author: Go to abcloanguide.com/lessthanperfectcredit.shtml for more information on Poor Credit Mortgage Refinance.

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