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Molly Wider's Articles in Finance

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Practical Budgeting Budgeting is as difficult as dieting: keeping track of money spent is at least as challenging as keeping track of calories intake. That's why there is such a wide variety of budgeting software available today, but does it really make our life easier? Overcoming Financial Difficulty Life is unpredictable and ending up in a difficult financial situation due to circumstances beyond our control is not only possible, but very likely to happen to anyone, sooner or later. A positive outlook and a good financial plan can go a long way. The Importance of Financial Responsibility It is well known that when people fall into debt, lose their job, or experience financial difficulties for any reason, emotional trouble follows financial trouble with the same certainty sunset follows sunrise. Relationships are strained, bankruptcies are filed and dreams are dashed. For a period at least, the feeling of failure burns not only one's credit, but one's self-esteem - deeply. Rebuilding Peace of Mind and Your Credit Many times - and way too often these days - we read or hear of someone in dire financial difficulties. Although most of the time the human reaction is to sympathize with the situation, the truth is that words we read or hear are hollow and abstract, no matter how hard we try to imagine being in the other person's shoes. What Good Credit Means Most people know that good credit is desirable. After all, most of us spend out entire lives trying to keep our credit on the plus side of things. Interestingly, good credit is not only important when it comes to gaining a great interest rate, but it's also important for a variety of other reasons. Digging Up Your Down Payment Have you ever purchased any large item without putting down some type of down payment? From houses to electronic equipment, it's impossible to buy anything without spending some kind of cash - even if you sign up for a sixty day payment plan. Spend Your Money Your Way When you apply for a traditional bank loan, you may (or may not) gain the money that you need, but you won't be able to spend that money any way that you want to. Many people often make the mistake of assuming that bank loan money can be spent in any manner - this is a mistake with consequences. Why Buy a Home? There will come a time in every renter's life when buying a home seems more appealing than renting. But for those with bad credit, fixing existing credit issues may be the first step on the road to home ownership. The Cost of Relaxation There's nothing quite like a nice relaxing vacation to soothe the sense and ease troubled winter minds. But of course coming up with the funds for said vacation is usually far from relaxing. Cut Yourself a Paycheck Are you in debt? If so, then you may want to start paying yourself. This may sound like a strange idea, but it's also an idea that financial consultants have been suggesting for some time now. When you decide to pay yourself a weekly salary, you will be able to accumulate money faster than you may think. Mobile Home Loan Freedom Did you know that you have to have a good reason to get a traditional loan? Banks will not dole out loans to anyone unless they know how you intend to spend loan money. Banks aren't willing to let borrowers spend loan money any way they choose, and this can be entirely frustrating. Now mobile home owners have an alternative. Canadian Credit Card Debt Not Improving According to recent polls, Canadians are not successfully managing credit card debt. In the past, Canadians were known for resisting credit card temptation, so what's changed? Simply put, the world has changed and an economic crisis is forcing Canadians to turn to credit cards for help. Why a Budget Makes Sense Nobody likes to think about the word "budget." For some reason, the mere thought of this word sends most people into instant panic mode. But, in the wake of our current struggling economy, a budget can be a useful tool that you may want to learn how to use. Use Your Mobile Home to Get a Loan If you currently own a mobile home, then you may be able to get a large loan to pay off debt, help with home renovations, or use in any other way that you see fit. Bad credit may prevent you from gaining a traditional loan using your mobile home, but this isn't always the case. How to Handle Credit Card Stress Everyone with credit card debt has a different story behind that debt, and how it came to be. Whether you managed to spend more money than you had during your youth or during your adult life really doesn't matter. What matters now is that you've finally come face to face with your credit card debt and made the decision to do something about it. Does Getting Out of Debt Take a Miracle? The world seems to be full of "get out of debt quickly" solutions, yet most of these solutions are nothing more than smoke and mirrors. This leaves a lot of people asking the question: does getting out of debt take a miracle? Personal Loan vs. Credit Card Debt - Weigh Your Options Have you ever thought about paying some of your bills with a credit card? Not only do many people pay bills with credit cards, but a lot of companies encourage this type of bill payment. After all, having your credit card information on-file is a great way for a company to ensure that they are always paid on time. Drastic Debt Measures You probably know all about the different ways to reduce debt, but what if these ways are not enough? If you feel like you're swimming against the tide, even though you are paying your debts off as much as you can each month, it might be time to take some drastic debt measures. Clearing Up Credit Card Debt Far too many people were never properly taught how to use credit cards, which is one of the main reasons why credit card debt is so abundant. Taking a few moments to learn about credit cards may help you to eventually clear your credit card debt. Good Credit Report vs. Bad Credit Report You've heard about good credit and bad credit, but do you know what the difference is? Why do some people have "good" reports, while others have "bad" reports? Is there a way to determine what kind of report you have? Why Pay Your Bills on Time? It's easy to let your monthly bills slide when you need cash flow for other things.If you cannot make your monthly bill payments, don't wait until your credit has been ruined. Instead, look into the debt consolidation loans frequently offered by private lenders. Funding Your Child's Education Choosing the right school for your child is no easy task. While you want your child to succeed in life, you also don't want to empty your savings account. Is there a happy medium? Can you find a school that isn't too expensive, but also offers a great education? With the help of private lenders the even the best schools are possibilities. Impossible Real Estate Investment Loans It seems as though everywhere you turn some newspaper or economist is announcing the end of the recession. While this may be true theoretically, little has changed as far as commercial real estate investments go. While traditional lenders are still holding on to their money with closed fists, there are alternatives for funding your real estate investments. The Recession is Over - Now What? If you've been watching (or reading) the news lately, you may have noticed that the recession is now officially over - or is it? Canadian consumers aren't as quick to run out and spend their hard-earned cash as they once were. In fact, many Canadians have learned some great lessons from the recent recession. Interesting Investment Options Canadians that are currently investing large sums of money are also those that have unlimited funds to invest. But, what about those average Canadians that are seeking a good investment as well? For those that wish to join other "hands-on" investors, thanks to private lenders all hope isn't lost. Fixing Bad Credit If you presently have bad credit, taking out a new loan might not seem too wise. However, this is actually a great way to improve your credit score. Summertime Is Home Improvement Time The main issue holding people back from improving their homes is home improvement money. The good news is that finding some extra funds to improve your home is as easy as owning your own car. By applying for a car title loan with a private lender, you'll be able to use your car as collateral to gain the project money that you need. Optimism on the Economic Horizon Regardless of the many things that various economists want Canadians to believe, the truth is that the economy is not really improving by leaps and bounds. A concrete example of the economic standstill is that average Canadian banks are not approving nearly as many loan applications as they once were. Owning Your Mobile Home Land The vast majority of mobile home owners rent the space that their home occupies. If you have longed to own the land where your home rests, and have paid your homes in-full, you can own your land with a title loan. Big Birthday Ideas Creating a memorable birthday for a friend or loved one is a great way to celebrate life. While small gift items are always appreciated, purchasing a highly desired larger item will make any birthday wish come true. You needn't deplete your savings or max out your credit cards though. A private car title loan is an optimal way to quickly gain the money that you need. Home Improvement Loans: The Key to Selling Your Home in a Sluggish Market While every home seller should invest in making home repairs, most people skip this step due to a lack of funds. However, time and again it has been proven that making necessary home repairs and improvements will lead to a sale. So, what do you do? A car title loan may be the answer. The Careful Canadian Balancing Act Even though most Canadians are managing to make mortgage payments, many are not finding the extra funds to put towards growing credit card balances. Private lenders that issue car title loans might be worth looking into for those that need some extra cash to pay down their growing debt. Banks Increase Loan Provisions As Recession Deepens In response to bleak economic forecasts Canadian banks are creating more loan provisions than ever before. Small and large business owners know that they will be hard-pressed to gain much needed loans, which is why many are turning to private lenders. Bankruptcy Burdens As Canadians search for ways to save money and pay down debts while avoiding bankruptcy, traditional lenders continue to deny loan applications. With no hope for a loan, and very little money saved, consumers are often left in the midst of a financial flood without a boat. Canada's Attempt to Catch-Up While many countries across the globe are beginning to resurface from the depths of a global recession, this is not the case for Canada. In fact, Canada is amongst a group of countries that continues to decline. The supposed good news is that the "...pace of deterioration is decreasing" (Globe and Mail). A Penny Saved As the old saying goes: "a penny save is a penny earned," but pennies seem to be rather scarce these days. In a collapsing global economy, attempting to save money seems like a logical idea. The only problem is that trying to find ways to actually save those pennies is somewhat confusing. Canadians Aren't Out Of the Muck Quite Yet Even though there might be some kind of light at the end of this bleak economic tunnel, Canadian banks are not yet giving out loans as freely as they once did. On the contrary, traditional lenders are still holding onto their funds with a white-knuckled fist. This has prompted many consumers to head directly for private asset-based lenders that are more forgiving, and (perhaps) more optimistic. The State of the Recession Since Canada's current economic crisis is a direct result of the situation occurring within the United States, Canadians can expect the economic situation within the next year or so to be just as bleak (if not bleaker) as it presently is. Banks aren't willing to gamble on consumers that might not be able to pay back loans, which means that a lot of consumers have been left dangling. Credit Card Regulation Means Tougher Times for Consumers Non-traditional lending companies are now playing a crucial role within the lives of consumers thanks to the possibility of credit card regulation. As more and more banks strive to limit their losses, are consumers left to fend for themselves? Weak World Economy Has No Silver Lining As banks drop rates and markets fluctuate, far too many people are left in the lurch. Hundreds have turned to credit cards for financial support. More still have turned to traditional lenders only to be turned back out on the street once more. Some are not aware that there are alternatives. The Problem with Credit Card Debt Canadian consumers are consistently turning to credit cards to pay for car repairs, home repairs, and even everyday items. The problem with credit card debt is that this type of debt is a lot like quicksand for many consumers but there are alternatives. Are Bank Loans Really Your Best Bet? With Canada on its way to posting one of the worst economic performances in its history, the banks are cutting interest rates like wildfire. This is great news for consumers looking to apply for a bank loan. However, fewer loans are being given to consumers with great credit, let alone those with bad credit. There are alternatives out there that can get you the money you need when you need it. Is There Life After Bad Credit? Given the current economic state, finding a loan is now more difficult than ever before. Banks and other lenders simply aren't giving out loans to most people - even if those people have good credit. This news becomes worse if you happen to be one of the many people that have bad credit. A New Category of Loans for those with Bad Credit If the thought of taking your vehicle off the road- that same vehicle that helps you earn a living- worries you, a car repair loan may be something to think about. Bankruptcy is not the Only Solution If like thousands of others across North America you are swimming in debt, you may be considering filing for bankruptcy. Before you take this extreme course of action, which will have consequences for years to come, you should learn about consumer proposals. Finding the Right Lender Often when individuals apply for subprime loans, they think only of the terms of that loan. Another important criterion to consider is the reputation of the lender. Choosing the wrong lender may turn your loan experience into one that you would prefer to forget. Improve Your Credit Rating with a Car-Title Loan If you have bad credit, you may be finding it difficult to fix your credit rating since you can't get approval for unsecured loans and credit cards. A car-title loan is a secured loan that just may help you to repair your credit rating. A Bad Credit Rating? What to do about it. Many with bad credit aren't aware that they have the ability to fix their credit rating. It takes perseverance and commitment in addition to time, but it can be done. Preparation for Your Loan When making a large purchase such as a home or a car, most people make careful calculations and preparations to ensure that they won't default on their payments. The same careful consideration should be considered when applying for any loan. Why Would I Consider a Car-Title Loan? There are many reasons why people may need money urgently, but many of these individuals don't know that there is an alternative to falling into the credit card trap when attempting to solve this problem. How to Get Money when you have Bad Credit When you're in a bind and need money urgently, but are unable to seek help from traditional financial institutions due to your bad credit, what can you do? A car title loan just may be the right solution for you.

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