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Get a PayPal Account- It's Free

2008-11-04T10:09:00.000-08:00

The one of first things you should do to building your own credit is get a paypal account. It is Free (except fee's they charge for transferring lager amounts of money, however purchasing stuff online is free).

You should have a checking account, I think you can get an account without one to receive money but it is a good idea to get or have one. If you do not have a checking account, you will have to apply for a paypal debt card but they are not given out like candy, it may be hard for people with poor or no credit.

Since Paypal is affiliated with GE MoneyBank it builds your credit when you buy stuff with your Paypal account. If you are not interested in building your credit, paying with a Paypal account protects your bank/credit card information, that alone is a good enough reason to open a Paypal account. Because of its safety features, it is a favorite of smaller online stores; they know people are more likely to buy from them if they accept Paypal.

Almost everyone online deals with Paypal. If you work online (do paid postings, sell ads on your blog, etc..) You can be paid a lot faster then if you waited for a check (that could bounce) and safer then if you direct deposited into your bank account.

Paypal also has Paypal Buyers Credit and a business credit card that you can apply for once you have built enough credit.

Pin or Pen at The Register?

2008-09-17T08:28:00.000-07:00

When using your debt card at the checkout counter you are often asked "credit or debt". It is in reference to the way your purchase is processed. It will go through either way but one is more beneficial to the credit company that issued your bank card (example: Visa, MasterCard, etc..). Retailers are charged around 2 percent of your purchases total when you choose to sign a receipt rather then entering your PIN number. Which does not affect that purchase but you know it is the business way to pass the "cost" on to the consumer and that is a "cost".

Your main factor in deciding should be your bank. Some banks charge a point-of-sale fee for debt purchases. If your bank is one of the thirteen percent of banks that do charge this "POS" fee you should choose credit at the check-out counter. Just use your PIN for cash withdrawals. May retailers have their card swiping machines set to automatically prompt for a PIN. To change that so you sign for your purchase, hit the "cancel" button and choose the "credit" option.

For those that have a "POS fee" free bank, it is a matter of if you want cashback (that is if you can find a store that still gives cash back). If you do not want cashback consider choosing "credit" instead of debt because it may offer you more protection from fraudulent transactions and on the off chance you may have to return purchase. Of course, that really depends on your bank, if you are unsure contact your bank and ask.

* Also see if you can earn "rewards" by choosing "credit".

$$ Tax Deductions You May Not Be Taking - Part 1

2008-09-15T08:24:00.000-07:00

Gambling can be addictive, but for those that have a healthy "scratcher" or "powerball" habit they may be giving the IRS more of their winnings then they need too.

When you win at gambling that money is considered earnings to the IRS and taxable income. When you lose, it is possible that the IRS will let you deduct the losses. You do not have to be a professional gambler to qualify to take gambling losses as deductions, in some cases lottery tickets and church bingo events losses qualify.

This really only comes in handy when you have won a lot gambling, because your deductible amount is equal to your winnings. Example: If you win $1000 but lose $2000, you can only deduct $1000. These losses count as miscellaneous itemized deductions (this is usually used when the losses exceeds 2 percent of your adjusted gross income; if you are not a professional gambler the minimum deduction does not apply).

Since the deduction mentioned above is for federal taxes, you should also look into the rules about gambling related deductions for your state taxes.

*This is not Tax Advice, Donotloanlist.com is not responsible for you using any information read here without confirming it with a trusted qualified professional. This is not because the information here is not good, but things like this can change over time.

Money News!

2008-09-08T10:26:00.000-07:00

Bad Credit Loans: Get Money And Solve Your Cash Issues

2008-09-08T10:20:00.000-07:00

(Article From ArticleCity.com)

When the problems are numerous, friends are few. These words are very apt when it comes to the situation of bad credit. Fulfilling your cash needs when having a bad credit history, it may be difficult to get the support you want. Getting external help will still suit you as the money is available without any hassle through bad credit loans.

The borrowers who have a credit score which is lower than 580 in the FICO report may be suffering from this problem due to various factors. It can be arrears, defaults, missed repayments or CCJs that have caused this problem. But the borrowers still deserve a chance to avail these loans for their needs.

Through these loans, the borrowers can choose whichever option that they like out of the secured and the unsecured form, according to suitability. The loan form also depends upon the ability of the borrower to pledge collateral with the lender for the money. If a bigger amount is required by the borrowers, they can take up the secured form by pledging an asset with the lenders. Amounts can be borrowed within the range of £5000-£75000 for a term of 5-25 years. The home, car or any asset of the borrower can be pledged as collateral.

Borrowers who need smaller amount can also take up money and that too without pledging any assets. This is possible through unsecured form of these loans. Money that is obtainable by the borrowers lies in the range of £1000-£25000 and has to be repaid in a term of 6 months to 10 years. Tenants and non-homeowners can also take up these loans for their needs easily.

Adverse credit history of borrowers may entail a higher rate of interest. But with the help of online research and comparison, the borrowers can take up low rate deals with the help of comparison of the loan quotes easily.

Bad credit loans are a great opportunity for the borrowers to avail money at the most needful times. It is a great respite for borrowers stuck in bad credit.

About The Author

Simon Tauffel has been associated with Bad Credit Unsecured Personal Loans. To find more about Bad Credit Loans, Unsecured Loans, Personal Loans, Unsecured Personal Loans, Bad credit unsecured loans visit http://www.badcreditunsecuredpersonalloans.co.uk/

Invest In Yourself – Your Career, Future Income Stream, Education And Training

2008-09-08T10:12:00.000-07:00

(Article From ArticleCity.com)

The advice often given to young couples starting off in life is “Not to buy what you cannot afford”. The same basic advice should be heeded by many. If you cannot afford it- then do not buy the item. But what of investing in your own future in terms of an investment in your personal education or training as well as investments in your own personal career. Is this not getting ahead in life? Is this not money well spent? Even if you have to borrow and go into debt is this not money well spent?

If at the end of the day , year or decade you will be much further ahead in position , salary as well as benefits in addition to “job” and “personal” satisfaction is this not money, time and effort well spent and allocated. ? Indeed it is and can well be.

In the case of your education a dollar borrowed now will result in better jobs- that you will most likely find more challenging and enjoyable , and have a lot more financial reward than a job on the status scale – say as a bus driver or a technician doing oil jobs at your local Wal-Mart. In the case of a vehicle or car loan it may be a godsend. If your vehicle is not reliable – then how can you show up on time, keep your job without an image and reputation of reliability? Not only do you want to keep your employment and income associated with the job but also the job references from your employment superiors for use with other employers for better positions and pay, or for promotion within your present organization. You may even run into a case of promotion within your present firm to another branch office or plant. Not having reliable transport may limit your promotion offerings and flexibility. In addition, if you take out a loan to purchase that vehicle, you may well have upscaled and upgraded your car or SUV, from the models that you most likely would have purchased. By doing so, and driving a higher grade auto model, you may well appear as a more established, senior, more experienced and established employee as well as individual. Fortunately or unfortunately in life most comes down to appearances and perceptions.

There may be a much better and / or better paying job but its way across town, or in an area not served by the bus transit system. Or it may be the case that there is bus service - but if devours a good two to three hours a day of travel time. Good bye to your personal social life. You may have all the money in the world – the wealth of Bill Gates Himself and yet no time or energy to enjoy it. So much for all that pay of that new wonderful job.

A real step foreword as they say. It is always a case of reward versus cost or cost versus benefit. It is a case by case analysis.

In addition you should think of additional or add on costs. Do not stretch yourself too thin – financially. A course at university may not be offered in your calendar year – you will have to complete your schooling fully at a later date than expected. A course may be full – ditto for time delay. Or you may even have to repeat a course or change plans along the way necessitating longer time duration of studies. Leave a buffer of funding both for yourself and as well with the agency that provided the loan – be at bank, savings and loan, credit union or even parents or relatives. Don’t break the bank so to speak at the first step. The same analysis of benefit versus costs prevails in the car / transport / job scenario situation. Many people will drive across town for a bargain to save a dollar and spend $ 10 on gas costs in the process. Incorporate the price of gas into your final net salary not as an aside.

Lastly and most importantly – always pay your bills. Never take on more than you can chew, or in this case afford. Before making that commitment for a loan or undertaking always evaluate carefully before signing on the bottom line. It’s not only a matter of convenience. Your credibility itself is on the line, in addition to your personal honor and integrity and reputation. Pay your bills on time – even earlier than required. This applies to all loans – whether they are for rent, mortgage, utility bills, bank loans, charge card payments or student loans. If you cannot pay in full, then at least pay a bit above the minimum payment. If you are really stuck then contact the lender. Explain the situation honestly. Make a commitment and follow through. Remember the whole point of the exercise was your self improvement – an investment in yourself. To not take the exercise seriously is to shortchange yourself and your future opportunities as well as income stream in the future. To borrow for yourself and personal gain make prudent sense.

About The Author

Maxwell Z. Rubin Winnipeg Job Bank http://www.winnipegjobshark.com Property Tax Reduction http://www.realtytaxconsultant.com/ Car Payments Vancouver British Columbia http://www.secondchancefinance.ca

Get a Loan Using Your Domain as Collateral

2008-09-03T10:26:00.002-07:00

many of us have a domain or two, I have ten. But I only use half of them, the rest are just sitting there doing nothing. With DigiPawn.com you can put those domains to use. I doubt you can get more then the cost of registering a domain for ones that have no PageRank and stuff like that, which make it more valuable.

It would be better if they had a place for you too get an estimate of how much your domain is worth before you apply for a loan. As it is now you put what you want for the domain(s) and they approve or denied your loan.

If you are not interested in keeping a domain and just want to get rid of it, see what DigiPawn.com will give you for it.

Let DNLL know if you have used DigiPawn.com or plan to use DigiPawn.com!

The Tricky Beast called "Credit Score"

2008-08-27T12:22:00.000-07:00

Most people do not even know their credit score (I do, kind of. Keep reading for an explanation). Which means they go into a major purchase blind (purchases like a car/ home/ etc.) and TV/Internet ads everywhere tell us that we should know this number? You can sign up for "this" or "that" and you will get your credit score free. Heck, I even did that myself. My bank had a promotional thing (sign up for some program that you never use to get your credit score) and I did it to get my credit score.

The "tricky" part of credit scores it that the number you get may not be the number a car dealer or bank gets when you are applying for credit (loan, etc.) This is because each of the main credit reporting agencies generate their own "scores" using their own scoring models (the scoring models are only slightly different, just enough to mess with your score, lol). The difference could be as much as 100 points, which could make or break your dream of that new "whatever".

Other factors for a bouncing score could be the type of credit you are applying for (auto loan, mortgage, etc.)

If you know your "score" with all three credit-reporting agencies, you can ask a potential creditor before applying which of the three they use. This will allow you to use the creditor that uses the agency that has the most favorable score. In addition, this is when getting pre-qualified helps (get pre-qualified with reports you ran yourself to get your credit scores).

The three main credit-reporting agencies:
Equifax, Experian, and TransUnion

Coming soon! How to get your free once a year credit report!

Has your credit limit increased lately?

2008-08-27T11:11:00.000-07:00

If you are one of the millions of people with a credit card and are a good customer (pay your bill on time, do not go over your credit limit, etc.) you may have experienced an automatic credit increase. An automatic credit limit increase can be a go thing as long as you do not increase your spending.

You can "request a credit increase", if you pay your credit card bill online there is usually a link to the request form. If you do not do your banking online just call your credit card company's customer service number and ask for one.
I would not recommended asking for an increase if you are a new customer, (pay at least the minimal payment on time) wait at least six months before even thinking about it. If you ask for one and are denied, you may hurt your credit score (short-term).

The credit agencies put a great emphasis on your ratio of credit, by keeping your debt below 30 percent of your available credit your credit limit increases work for you in stead on against.

Paid Survey Calling

2008-08-27T11:05:00.000-07:00

Have you ever got a call inviting you to participate is over-the-phone or in-person survey? You should be wary, yes there is legit market-research companies however many of those phone calls are from companies trying to sell/promote a product not to mention the scammers.

If you do not just hang up on survey phone calls , but ask questions, a good question to start with is asking if they belong to a trade association. If they say something like the Council of American Survey Research Organizations (CASRO.org) or the Marketing Research Association (MRA-net.org) they might be on the up and up. Of course, scammers can always lie so do not use that as your only basis for believing them. If you did not sign up to be called for surveys and get a call asking you to participate in a survey get as much information about the caller (company), do not give any of your information to them. if you have the internet look up the company, do searches with the company's name and the word scam. scan through the results and see if there is anything bad about them.

I would never take part in one of these unsolicited surveys (from a company that I did not sign up for). However, I can see how they can be tempting especially when you are offered money or gifts in return.

These things are like any of the other scams going, no matter many times people are told that it is a scam common sense fails and people fall for the scam time and time again.

The main rule to doing any kind of paid surveys is that you should never pay to take paid surveys. This mens you should never have to give your Social Security Number or banking/credit card numbers.

Money News!

2008-08-20T10:52:00.000-07:00

Welcome To DoNotLoanList

2008-08-20T10:19:00.001-07:00

I bought this domain name when I was mad at my sister for not paying me back a personal loan. The original idea was to have a website where scorned people could list a welsher. That way they could not get away with it to many more times. I got the idea from sites like dontdatehimgirl.com and rottenneighbors.com. I would still like to do that but that takes more money then I can invest right now. (If you want to list "people that should not be given person-to-person loans” leave a comment saying so, please)

So, for the time being, I have decided to go a different way. I want to help people build their own credit, make extra money, save money, get/give loans the right way, etc...

Check out DoNotLoanList's pre-written forms (by LetterRep, more info about this to come), If I have learned anything from watching TV court shows (The People's Court, Judge Judy, etc..) is to get everything in writing. So DoNotLoanList wants you to be prepared and have the proper paperwork if you have to take someone to court (we are not giving legal advice, just common sense).

Check out the DoNotLoanList's Job Board and Job Resources pages to find a full/part-time/telecommute work.

Read Articles tagged "Build Your Credit" for credit information. The main focus will be on building credit however, there will be some advice that even people with good credit will wan to know.

I would like to see "questions" from people.

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