Bad Credit Loan Specialist BHM Financial Announces Affiliation with Payday Lender, Ark Capital

September 3, 2010 – 7:36 am

BHM Financial Group, a privately owned bad credit financing company specializing in secured bad credit loans has announced their most recent affiliation to Scarborough, Ontario based payday loan provider Ark Capital. The affiliation, which has come about due to BHM Financial’s new Payday Lender Affiliate Program will permit Ark Capital to expand on its service offerings. The company will now offer car title loans as an additional financing option for their clients.

BHM’s Payday Lender program initiated earlier this year to great success, enables affiliated Payday lenders and other financial related service providers to provide loans through BHM Financial without bearing any of the risk associated with larger bad credit loans. While typical payday lenders can lend limited amounts, usually under $1,000, for a restricted financing period, lenders who are involved with the program will have the ability to lend between $1,000 and $10,000 for periods of between 1 and 3 years.
Molly Wider of BHM Financial Group explains the reasons behind the program’s creation, “It’s really a win-win situation for both the Payday lenders and for BHM. Payday lenders are able to offer larger loans thereby potentially increasing their clientele and revenue, while BHM get’s to associate with clients they previously couldn’t reach.” She continues, “With affiliates such as Ark Capital who are reputable members of their communities, we are able to offer the face to face, more personable service that we were previously unable to provide since our services were solely internet based.”

The loans being offered are called car title loans. These loans are specifically designed for individuals and businesses with bad credit. Since most major banks no longer approve bad credit loans, private lenders such as BHM fill the gap. Car title loans, as the name suggests, are loans that are secured by the equity in the borrower’s vehicle. Because loans are secured the borrower’s credit history is much less significant than with standard loans.

In addition to the services already being offered by Ark Capital, car title loans have been added to their roster of financial services. Car title loans provided by both BHM and Ark Capital can be approved within hours and can be processed and funded within 24 hours of the application.

BHM Financial Group is currently expanding its affiliate program throughout Canada. For more information about the affiliate program, or BHM Financial’s car-title loans, they can be found on the web at http://www.bhmfinancial.com. For information on loans provided by Ark Capital, the company be contacted by phone at (416)-296-9247.

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Bad Credit Loan Specialist BHM Financial Announces New Division Specializing in Plastic and Cosmetic Surgery Funding

August 30, 2010 – 8:20 am

BHM Financial Group, a privately owned financing company specializing in bad and no credit loans has announced their most recent addition to their lending base. The new division MEDILOANS, will specialize in the funding of loans for Plastic and Cosmetic Surgery in Canada. This has come about due to BHM Financials sponsoring of PLASTIC SURGERY PORTAL CA .COM which focused on delivering information on Plastic and Cosmetic Surgery. Offering an unbiased informational portal , visitors can look for information about procedures, surgeons, risks and any and all important information that helps them in making a informed decisions. After repeated inquires to financing for procedures, BHM Financial realized a need to offer funding for this type of loan that does not require the same lending criteria as mainstream lenders. Often these types of loans require a lender who recognizes the specific needs of its potential clients and who can meet them. BHM Financial has had a history of providing a specialized type of lending and offers private funding with bypasses the red tape often involved in funding these types of loans. Similar to BHM Financials Car, Truck, RV, Boat and Trailer Tile Loan division, MEDILOANS base their funding on collateralized loans as additional financing option for their clients.

Unlike typical credit card or personal type lenders can lend limited amounts, usually under $5,000 and require a high FICA score Mediloans, will have the ability to lend between $1,000 and $10,000 for periods of between 1 and 4 years and the clients credit profile does not affect the approval process.

Tina Andes , Marketing Manager for PLASTIC SURGERY PORTAL CA.COM explains the reasons behind the program’s creation, “After spending years in the plastic surgery industry in Beverly Hills ,California and being part of several cutting edge marketing ideas like the reality series “DR 90210″ I always knew there was a demand and a deficiency in the information available and most important the funding for these types of procedures. BHM Financial was open minded enough to sponsor PLASTIC SURGERYPORTALCA.COM and create MEDILOANS to fill the much needed gap. It’s really a win-win situation for our potential clients and MEDILOANS.” She continues, “Plastic and Cosmetic surgery no longer is just for the stars. Even when looking for work in this economy having some procedures done can give you the confidence that may make the difference or even just help you feel better about yourself.” She adds, “Now that we have a place for people to go to learn about all their options and a way they can finance it as well.”

The loans being offered are called car title loans. These loans are specifically designed for individuals and businesses with bad credit. Since most major banks no longer approve bad credit loans, private lenders such as BHM fill the gap. Car title loans, as the name suggests, are loans that are secured by the equity in the borrower’s vehicle. Because loans are secured the borrower’s credit history is much less significant than with standard loans. Car title loans provided by both Mediloans can be approved within hours and can be processed and funded within 24 hours of the application.

For information on loans provided by Mediloans and BHM Financial Group, the company be contacted by phone at (877)-787-1682 or visit the web site at www.bhmfinancial.com or www.plasticsurgeryportalca.com.

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Buying a Plot of Land for Mobile Homes

August 25, 2010 – 7:02 am

Owning your own land is a dream for many people. Whether you are wanting to start a farm, invest for financial purposes or just have a sense of home security, buying land can be a very rewarding experience. If you’re looking to buy several acres of land, then a bank loan will be your best bet. If you’re in the market to purchase a small plot of land for a mobile home, but you have bad credit, then using a private lender may be the answer.

Many people who reside in mobile homes often rent the plot of land that they live on. The thought of owning that plot of land does not always seem possible, however if you are set up in an area where purchasing your plot is possible, or if you are wanting to relocate to a new place so you can own your plot of land, why not let your vehicle buy it for you?

Small plots of land for mobile homes are available all throughout Canada for very reasonable prices. There are many websites that have listings on such plots of land that are aimed specifically towards mobile home owners. Sites such as LandAndFarm.com, mhbay.com as well as bchomesforsale.com all offer many choices when it comes to mobile homes and plots of land.

If you have bad credit or perhaps you do not have a credit rating yet, getting a bad credit loan could not be easier. When traditional banks are not an option, a private lenders may be a perfect alternative. Private lenders cater to clients with bad credit so if you are looking at buying a plot of land for your mobile home, a loan secured by the value of your vehicle can help you attain your goal.

Getting a car-title loan is a process where your vehicle is used as collateral. If your vehicle is less than 8 years old and owned by you, a car-title loan can easily be an option to getting the money you need to buy your mobile home land. For the duration of repayment, your vehicle remains in your name and in your possession at all times. While you are enjoying your secure plot of land, you will also be rebuilding your credit rating.

With more than 99 per cent of qualified clients being approved, a bad credit loan is a great alternative if traditional banks have turned you down. There are no line-ups and no appointments necessary. Depending on the lender, qualifying usually takes only a few hours and the money can be wired directly to your account the same day.

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BHM Financial Group Welcomes Vernon Cash Solutions to their New Payday Lender Program

August 24, 2010 – 9:59 am

BHM Financial a Vernon Cash Solutions, a Vernon, B.C. based Payday loan provider has joined forces with Car Title loan provider, BHM Financial Group. The companies have connected through BHM’s new Payday Affiliate Program which enables Payday lenders to offer their clientele a larger number of services, including car title loans. BHM Financial Group, a privately owned lender of secured bad credit loans, began this new program earlier this year to great success.

The affiliate program geared towards Payday lenders and other financial related service providers enables the smaller lenders to offer larger loans through BHM Financial Group. Vernon Cash Solutions is the newest member of the program and is now able to cater to the needs of a larger clientele. Molly Wider of BHM Financial Group explains the reason for the creation of such a program, “In the past, BHM was only offering our services online. This meant that anyone without an internet connection, or who wasn’t comfortable applying for a loan online wasn’t able to benefit from our services. We decided that the best way to reach customers nationwide (as we currently do online), was to build relationships with already established financial related service providers with storefronts.” She continued, “By affiliating ourselves with lenders such as Vernon Cash Solutions, who already have a valued place in their community, we are able to provide our loans to clients who prefer to apply face to face rather than online and we are able to do so through a reputable member of the community.”

The loans offered through BHM Financial and now, through Vernon Cash Solutions are car title loans. These are loans that are specifically intended for individuals and companies that have bad credit and cannot therefore obtain financing at a standard financial institution. The loans are secured using the value of the borrower’s vehicle, but the car’s title remains in the borrower’s name at all times unless the loan is defaulted.

Payday lenders who sign up for the program who were previously only able to advance small amounts of cash for a limited time – usually up to the borrower’s payday, can now offer loans in amounts anywhere from $1,000 to $10,000 and with more flexible repayment terms of between 1 and 3 years. “I think this is a good opportunity for us and for Payday lenders to expand our respective businesses.” Said Wider of the affiliate program, “It really makes sense for us to be working together in this way.”

Car title loans provided by BHM Financial and Vernon Cash Solutions can be approved and funded in as little as 24 hours. Clients of Vernon Cash Solutions will still received the same high standard of service they are used to receiving. BHM’s car title loans will simply be added to their already offered services.

BHM Financial is expanding its Payday lender program throughout the country and is accepting registrations for the program through its website. For information about the Payday lender affiliate program, or BHM Financial’s loans, they can be found on the web at http://www.bhmfinancial.com. For more information on loans provided by Vernon Cash Solutions, the company be reached at (250) 571-3419.

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Ordinary People Making Substantial Investments

August 23, 2010 – 7:49 am

We see it on the news almost every day. Someone somewhere invested one dollar and made a million. Okay, that may be a little exaggerated but the point is we often hear of such ‘investments’. Maybe someone you know picked up a great piece of memorabilia at a garage sale only to find out it’s worth thousands of dollars, or perhaps you know someone who just happened to buy a handful of stocks for the first time in their life to have it quadruple in value overnight.

Whatever the case and whatever the type of investment, there are many smart ways to make money. It does not always have to appear so ‘luck of the draw’. With today’s low interest rates, it is not an absurd thought to get a bank loan for investment purposes. If one does the math on borrowing versus return, it could well be worth your while. The key, however, will be to diversify.

Another key to successful investing is staying power. Putting a larger sum of your investment dollars into illiquid assets can help diversify, but to do this with success, you must have the means to wait out the market cycles. People who invest this way have the financial advantage of staying power, which not all regular or small time investors have. According to George Padula, a wealth manager with Back Bay Financial Group, Inc., “Ordinary investors who want to have these asset classes in their portfolio can do so via liquid open-end mutual funds and ETFs.”

According to the Capgemini and Merrill Lynch Global Wealth Management 2010 World Wealth Report, the high-net-worth investors of the world have learned the value of diversifying. An average portfolio will look something like this:

Stocks: 29 per cent
Bonds: 31 per cent
Cash: 17 per cent
Real estate: 18 per cent (excluding primary residence, but including undeveloped land, farm land, commercial and residential real estate as well as Real Estate Investment Trusts (REITs). *This 18% is projected to fall to 14% in the 2011.
Alternative investments: 5% (that includes things like foreign currencies and venture capital)

Padula also notes, “Alternatives and real estate have low correlations to traditional equities and thus can add diversification to a portfolio. The wealthy do seem to be diversified. Investors need to balance their goals and risks and not allocate riskier assets to goals that require more stable funding, and likewise, not use short-term funds to hopefully fund long-term goals such as retirement.”

There is a lot of advice to be had on successful investing. Whether you’re a first time investor, a small time investor or investing is your only means of professional income, diversifying and investing wisely remain to be the two agreed upon keys to remaining ahead.

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Has Paying With Cash Gone Out of Style?

August 19, 2010 – 7:36 am

The new age of technology has seen most people use credit cards like they once used cash. Credit cards are common and are used for pretty much everything from everyday purchases such as groceries and haircuts to hotel reservations and Internet shopping. People are also turning to their credit cards when things go wrong in their lives such as the loss of a job or an expensive emergency because they simply don’t have the savings to fall back on.

Margaret Johnson, president and CEO of Credit Solutions Canada says, “People have started using credit cards, literally, for everything. The downside of that is that they have lost touch with cash.”

This new ‘way of getting by’ has caused the average consumer household debt to skyrocket. The combination of high credit card interest rates, over use and minimal repayments is costing consumers a lot more than they realize. It is also having an enormous affect on their ability to get out of debt.

According to the Canadian Bankers Association, there are approximately 69.7 million credit cards currently unleashed in Canada, and according to Margaret Johnson, the average card holds an outstanding balance of just under $30,000, which is up significantly from the $18,000 to $20,000 balance a few years ago.
It’s not only credit card debt that consumers need to be concerned about. It’s the long-term snowball affect of paying only the minimum payments on all outstanding debt. It can take up to 25 years to get rid of a load of credit card and department store credit debt. Of course people with debt problems are often advised to consolidate their loans with a lower interest rate.

Johnson also noted that she is concerned when she speaks to children about finances and they are under the impression it comes from a “machine.” She stresses how important it is to teach children about debt and about money, even getting them involved in the family budget. She warns parents that, “Your back up should be a savings account, not another credit card.”

There are many people who have lived their lives without the use of high-interest credit cards and have always stuck to paying cash. Perhaps they know something the rest of us don’t. Saving a hundred or so dollars a month in interest fees when you’re not able to pay your balance in full adds up to a lot of ‘extra’ money in a year. That money can go a long way to paying off other debt. If you feel stuck because of too many monthly payments, perhaps you should consider a consolidation loan.

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Debt Consolidation and Your Finances

August 18, 2010 – 7:27 am

Does debt consolidation sound scary to you? Don’t let it. A debt consolidation just means that several places where you might have debt-say a line of credit and two credit cards-get rolled together so you only make one payment. Sound better? Debt consolidation can be a smart decision for a number of reasons.

For one thing, debt consolidation is still a loan that gets reported to the credit agencies, and so it can work to improve your credit rating. And it means that several debts are now rolled into one, making tracking your payments much easier. It also can mean a lower interest rate. But even if the interest rate remains the same, just having fewer payments will mean less chance of missing a payment (and possibly hurting your credit score) and will help make budgeting a lot easier (because you do budget, right?).

Who qualifies?
To qualify, generally you have to be working, and able to produce documentation of your employment. Sometimes, it is also necessary to put up collateral, such as a house or vehicle, against the loan. Check different financial institutions about the costs associated with a consolidation since, just like any other loans, terms and conditions vary from place to place.

Consider a car title loan
This might be a good loan for you, if you own your vehicle and it’s less than eight years old. You can apply right online, and get a response the very next day. In fact, they will even direct deposit the loan into your account, for your convenience. It’s fast and easy, and you can do it all from home. It doesn’t require you to go to the bank, or meet with anyone, although you can talk to someone if you need to. And about 99% of qualified applicants are approved, so chances are good that you will be, too. By tomorrow, you could have as much as 40% of the wholesale value of your vehicle available to you to pay off your debts.

A vehicle title loan can work for you in different ways. Best thing, of course, it gives you money to pay off debts. Because you’re consolidating your loans, the vehicle title loan makes it easier to track and maintain regular debt payments-and that means you’ll get out of debt faster.

Vehicle title loans are also especially designed to help people who have trouble with their debt loads, perhaps difficulty in maintaining a good credit score, or have even declared bankruptcy or are thinking about it. But before you do that, apply for a vehicle title loan-it may be just the answer you need to get your debts under control, and your life back on track.

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The Truth About Pensions

August 17, 2010 – 7:34 am

There are several questions that seem to continually arise when it comes to talking about pensions. The first, and most crucial question is usually something along the lines of, “Will my working pension be enough for me to retire on?”, followed by a few other closely related questions. If you’re still under 50, you’re probably not terribly concerned (yet) about the answers to these questions. However, if you’re hitting the mid-way mark in your life, you probably can’t find the answers to these questions fast enough.

To get started on answering your all-so-important pension questions, the answer to “Is my working pension going to be enough?” The answer is not likely. “What if I change jobs? Can I take my pension benefits with me?” That depends on the plan. “What if the employer goes broke before I claim my pension benefits?” It’s imperative to keep track of your employer’s plan, but once again, the result will depend on the type of plan.

To investigate further, shortfalls in an employer’s defined plan simply means that the assets of the plan are not large enough to cover the eventual payouts. This is obviously not an ideal situation. The resolution goes something like this. If you’re your plan is funded completely by your employer and your employer remains solvent, then the shortfall is his issue. However, if the plan divided the responsibility between employer and employee, then both will have to make up for the shortfall if the company is not able to do so by the time you claim the benefit. If your employer does not remain solvent, you will most likely end up with a reduced pension, but you will not lose all of it because the assets of pensions are held in trust.

If you are changing jobs and your last employer had an employer’s pension plan, you will need to know what type of plan it was. If you are considering taking your money with you, there should not be any problem with doing that as long as it was a group RRSP. An RRSP would allow you to transfer the funds to another RRSP account tax-free. If you cash it out, it will be subject to tax. Unfortunately, if your plan is one of the defined contribution plans, you are restricted as will most likely have to leave it until your retirement as most of these plans are like locked-down RRSPs known as Locked-In-Retirement Accounts.

The most common question of course, is whether or not an employer’s benefit plan will be enough for your retirement. The answer is usually no. If you’re looking for quick math on what you might need for retirement so you have something to compare the numbers to, here is a quick and efficient rule of thumb. Most people, when they retire, still require around 60 per cent of their total working income to live comfortably during the retirement years.

If you know how much your employer’s retirement plan is worth and can also find out the total of your additional contributions along the way, these numbers should be able to help answer your own question. If you are still trying to start saving for your retirement but cannot see past all the monthly bills, perhaps a consolidation loan can help. If a standard financial institution isn’t a possibility for you, getting a bad credit loan from a private lender could have you on your way to savings in no time.

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Young Entrepreneurial Lessons With Proven Success

August 16, 2010 – 8:08 am

Starting a business to earn a little extra money is a great way to do what you enjoy while earning a few extra dollars to pay the bills. However, doing what you enjoy and having yourself become a billionaire from your entrepreneurial hobby is another story all together, but not completely impossible.

We’ve always been told one of the keys to success is to do what we love and as I get older, I must admit there is a great ring of truth to it. Realizing this when you’re younger is either pure luck or pure genius, I guess it really depends how you look at it. If you are wondering how to get your entrepreneurial ideas up and running, here are a few strategies that are proven affective.

The most important and basic advice anyone will give to you when starting a business is to find a need and fill it. Internet research, public marketing, social media sites even blog forums can all be utilized to find an unfilled social need. One of the most current and well known for doing this is Mark Zuckerberg, the founder and creator of Facebook. While attending Harvard, he missed the public registry and photos of fellow students that he enjoyed so much at his previous school. Since Harvard did not offer any such thing, he took it upon himself to create one. Facebook is expected to reach its one-billionth account in the next few years.

When given a school project, it’s best to put your energy into doing something that you enjoy. Writing a paper on a book you’ve already read may be easier, but putting in the time and effort to research current trends could prove more beneficial. Larry Page and Sergey Brin did exactly this when they were given a school project at Stanford. They decided to create an Internet search engine that would analyze the relationships between websites and allow information to be universally assessable. This began the birth of Google. Frederick Smith also wrote a school project on economics and based his paper on the idea of FedEx.

While taking pre-med courses, PCs Limited was created as a small company that custom upgraded computer monitors from a college dorm. With business increasing, it began taking direct orders and eventually became Dell Computers, making Michael Dell one of the richest men in the world today. After being accepted into law school at Harvard, two students decided to develop a programming language for the computer. After selling their idea to MITS, the maker of computers, Bill Gates left Harvard to pursue his passion.

There are many ways to create successful businesses. Whether they end up making you incredibly rich and famous or just a little more comfortable, taking the time to do research and learn a few new trends can easily pay off.

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How Much Time do You Have for a New Career

August 13, 2010 – 6:49 am

The thought of training for a much-desired new career can be overwhelming to most. There are always money issues and time factors. If you have given some thought to branching out into a new field, this breakdown of careers, their annual salary and training time may be able to help make some decisions easier for you.

If you’ve thought about providing office support by becoming a Business Assistant, you can expect to do homework for two years. With just two years of classroom time, you can easily earn an associates degree and an annual income of around $29,000 US. Having hands-on knowledge of common computer programs and applications will definitely be an asset. There are also many online training programs and tutorials that will help you to become familiar with these programs. And, if you are willing to learn on the job, you may be able to get a start as a Receptionist. Receptionists typically earn less than assistants, but many times are required to handle similar tasks and can allow you to gain the experience you need to eventually become a Business Assistant.

If you already have a bachelor’s degree, becoming a Management level Business Professional can be achieved in as little as two years of Graduate school. Adding this to obtaining an MBA will assure an average salary of $91,000 US.

If you are a little more of a legal-begal and enjoy this type of environment, upgrading your skills to a Paralegal can prove to be a rewarding route. Earning an associates degree in paralegal studies will take you about two years, however, if you already have an bachelors or associates degree, you can be qualified in as little as six months. On average, these sought after positions offer $46,000 US.

Trading in your current career to be a Financial Analyst can be an exciting career. In about four years you can have a bachelors degree in finance and be well on your way to earning a healthy $73,000 US a year.

There will always be a demand in the medical field so choosing a career in any field such as Medical Assistant or Licensed Practical Nurse will see you in the classroom for one year. Medical Assistants put their expertise to use in medical offices and often earn $39,000 US a year while Practical Nurses work directly under the orders of a doctor or registered nurse by providing patient care. This profession will also see you take home $39,000 a year.
Finding a new career path should be an exciting and rewarding venture. Being sure that you have your financing in order and your goals set are the first steps to a satisfying and lucrative future.

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