Internet Marketing Cycle

How to Rebuild Your Credit

Recovering from a financial setback can feel like a long journey, but taking the right steps will help you rebuild your credit and reach your goals. Whether you’ve lost your job, run up credit card debt, had a foreclosure or filed for bankruptcy, you can rebuild your credit over time. It will take work and patience, but the right steps will get you there.

Assess your current financial situation

Rebuilding your credit begins with an honest look at your finances, including all of your outstanding debts and current bills. Your first step will be creating a plan which lets you make all of your current payments on time without running up more debt.

Negotiate with creditors – If your monthly payments exceed your income, you may be able to negotiate payments you can afford. Call credit card companies to talk about your situation. If they agree to lower your minimum payments, be sure to ask for the new terms in writing.

Request a credit report – Instead of making assumptions, request a copy of your credit report through an authorized credit reporting agency. Check for any errors and have them corrected.

Talk to a credit counselor – Depending on your level of debt, it may be a good idea to consult with a reputable credit counselor to find a plan that will help you recover quickly. Working with a credit consulting service will not hurt your credit score.

Focus on your payment history – According to FICO, 35 percent of your credit score is based on your payment history. This makes it the largest factor in raising your credit score, and the best way to improve your credit quickly.

Make payments on time – Late payments on any credit cards or loans, even by a few days, will have a negative impact on your credit score. Set up calendar reminders for all of your bills and make sure they are paid before the due date.

Pay off collection accounts – Any delinquent accounts which have gone to collection agencies are bad for your credit rating. Pay them off quickly and work with current creditors to avoid having other accounts go to collection. Keep in mind that collection accounts will stay on your credit report for seven years.

Reduce your debt

Once you have a plan to make your current payments on time, without increasing your debt, you can start looking for ways to reduce the amount you owe. This is difficult and it will take time, but it is an important step to rebuilding your credit because 30 percent of your FICO credit score is based on the amount of your debt.

Spend below credit card limits – Instead of lowering your credit card limits, work toward keeping your balances well below your maximum available credit. The comparison of your average balance to your credit limit is a factor in your credit score.

Don’t combine debt – When it comes to your credit score, you are better off making smaller payments to several credit cards than combining them into one larger account.

Keep old credit cards open – If you have old credit cards without a balance, leave them open. Occasionally using them for small purchases, and paying them off in full each month, may help.

Open new credit

When your finances have improved, you can begin to rebuild your credit through new credit cards or installment loans. However, applying for these can be difficult when your credit score is very low.

Start with a secured credit card – With a secured credit card, you give the bank a certain amount of money and they issue you a credit card with a limit of the same amount. When opening the card, ask about upfront fees and make sure that the bank will report the card to all three of the major credit bureaus. Showing that you can make timely payments will help build enough credit to open an unsecured credit card.

Apply for small installment loans – While you don’t want to take out a loan if you don’t need it, showing that you can pay back a loan will go a long way toward improving your credit. If you take out a loan for a car or education expenses, make sure you can afford the payments and use calendar reminders to pay them on time.

With patience and continued effort, you can rebuild your credit faster than you might think. Talk to the professionals at Embrace Home Loans for more help on your path to homeownership.

E-Commerce In Insurance

Developing countries, is not participating in e-insurance real this. Effect of efficiency in the implementation of e-commerce technology in the insurance industry can be viewed from two perspectives. First, e-commerce may reduce the need for administration and management. Second, direct sales to customers may be able to reduce the cost of commissions to intermediaries (such as for an agent or broker).

 Lilischkis (2003) enumerates the various types of ICT that can be applied in an insurance company that is Internet access, computers, world wide web (WWW), e-mail, Local Area Network, Intra net, Wide Area Network (WAN), extra net, and Electronic Data Interchange (EDI).

 Use of e-commerce in insurance companies is generally used for four purposes of the official company website (official website), information about insurance products through the website, on line sales of insurance products, and procurement (goods) on line. Garven (2002) states that the use of E-commerce cause insurance companies to switch from product-oriented approach to customer-oriented approach. Because search costs would be cheaper for the customer, it will bring more transparency of pricing strategy and quality. This will strengthen market discipline in an increasingly competitive environment, namely by making the customers are not interested to move from his insurance company.

The more transparent insurance rates will further empower consumers and encourage insurance companies to experiment with various alternative methods of penetaoan price. Although the existence of conventional agents and brokers diminishing role in e-commerce based environment, they will be able berdaptasi and still can take advantage.

In addition, through reduction of transaction costs, the e-commerce will cause the product and insurance services to more than mediated today. So the form of new intermediaries will emerge over the Internet. E-commerce will also provide important implications for designing insurance products that give consumers more flexibility in managing their risk.

confirmit-wheel-customer-fs-healthcare-insurance-small.gifTaylor and Cluch (2002) states that the distribution of insurance and financial services is undergoing dramatic changes through the use of Internet technology. Many insurance companies are now using the website to provide specific information about the company and to generate sales through the Internet. Online sales of insurance products is estimated to be more influential for products that are relatively complex (or is standard), for example, vehicle insurance compare term life insurance product or home insurance is more complicated.

Impact of e-commerce in general shows that insurance companies obtain a significant impact for some attributes of performance. Attribute the relatively high compared to the other is the change in work process, improved customer relationships and organizational structure change.

While changes in insurance product offerings and relationships with suppliers is relatively lower impact. Implementation of online sales in general give a higher impact on improving customer service quality, an increasing number of consumers, and the efficiency of internal processes than the impact on sales volume, sales coverage, and logistics costs.

Business Security

Do you have your own business? Do you want to sleep? Who does not want to. Let's think about what we do not have enough to do so.

You are making every effort to protect against various negative factors surrounding your business? You need to improve the financial stability of your business and become more attractive to partners? Do you want to increase the amount of working capital and a loan in the bank, but the bank requests the guarantee safeguarding of assets? All these problems can be solved through the insurance of their business. If you are looking for answers to the above questions, then this material will be useful for you! Most private beauty salons, notaries, audit companies, small hospitals are small businesses, which employ a small staff. But people are people. And the "human factor" no one has canceled. Price errors can be very high: God forbid would suffer serious harm to human health or the client's documents inaccuracy. Life is life, and therefore a mistake, even a top expert can not be excluded.

Insurance can not prevent the onset of this "insurance" case, but allows you to greatly offset the potential damage that will be caused to a particular company or business in general negligent actions of perpetrators or third parties. And insuring his liability to customers. can be avoided not only a long litigation, but also to solve a complex problem - not only to preserve the good name, but also a client.

The experience of developed countries shows that, without proper evaluation and organization of insurance risks can not effectively operate any enterprise. Some countries even impose compulsory insurance of liability of legal persons for any damage. Unfortunately, the insurance firm in Russia was not included in the customs of business turnover. It is hoped that businessmen second and third generations will realize that it is better to pay a lesser amount for an insurance policy than to lose business because of one serious injury.

Today, small and medium-sized businesses are constantly on the brink of risk. Organize a company - is simple enough. But to keep the business "afloat" can not much. After all, even with a stable sales of all you can lose in one day. Fires, accidents and fire key employees - all of this poses a threat not only profit but also its very existence. However, the unpleasant consequences can be minimized. To do this, and there is an institute of insurance business.

For example, a hairdresser's financial district is much less stable than the fashion-largest holding. And the fact that the latter only in trouble for a small company can become a disaster. Since the flooding neighbors "on top" is likely to entail significant repair of the hall. However, the budget of the merchant does not always provide the cost of unplanned repairs. The suspension of activity in this case is inevitable.

What, here, interested business owner - to compensate possible losses. It is important that the insurance amount for which insured the enterprise consistent with possible losses when the insured event, as payment for an occurrence is often the only source for an entrepreneur to cover the damage.

The second point, which plays an important role - the size of the premium. Generally, all funds by small and medium businesses are investing in the business. Often, in the event of force majeure, they do not even have the reserves to mitigate its consequences. But despite this, few entrepreneurs decided to spend the money on insurance, but insurance costs are only one percent of the amount of possible losses. For reasons of economy, as well as following the old Russian tradition, small businesses still prefer to rely on "maybe".

Today, insurance companies (insurers) include small business insurance package the following types of insurance:

- Property Insurance - allows you to insure property risks associated with the operation and use: office space, equipment, furniture and goods in warehouses, etc. And also in case of theft, damage or other adverse effects. In the insurance case, the insurance company will compensate the victim company (Insured) damages in full, provided that the sum insured corresponds to the actual value of the insured property. In the case of "nedostrahovaniya" property insurer (by law) shall be entitled to pay only a fraction of the damage, equal to the ratio of the sum insured to the actual value of the property;

- Liability insurance - allows you to insure the Insured's liability for damage to third parties (eg customers), upon presentation of their claims against the company. For example, a master barber messed up hair, the client (painted a different color or retain moisture.) Or the provision of spa services, under the influence of chemically active substances (prof.kosmetika) damaged the health of the client, etc. In this case, the victim may make a complaint to the company or its owner. And what do the latter, if he does not have available funds for redress? This is where the rescue contract professional liability insurance. It should be noted that the insurance company will fulfill the requirement for damages only to the extent of the sum insured.

- Insurance against business interruption - allows you to insure losses arising from unplanned interruptions in production. Often a business small business is concentrated in one place (usually a rental office). In case of fire in the office of the company's activity will be effectively paralyzed. Enforced absence from the company will incur a loss: loss of profit, additional costs in order to reduce damage; unavoidable operating costs (staff salaries, rent, taxes, depreciation) and other reimbursable by the insurance company of damage will depend on the actual downtime. Typically, the insurer sets the franchise (non-refundable portion of the loss). In this case, the minimum break in the action. Only after the end of a simple subject to an accident.

In addition to all of the above insurance companies offer to their clients and other services. For example, packages that can include medical insurance personnel (both from an industrial accident, and in general), cars (CTP, theft and other risks), insurance products and transportation equipment, etc. There are also packages relevant to employers: liability insurance for a business. The insured event is recognized as causing harm to third parties in the implementation of the insured business, use of leased facilities, maintenance facilities, leased, providing services to the population mass.

Despite the diversity of small business insurance market is practically not covered. Today, these services offer only a stable operating insurance companies. This is because insurers have a number of unavoidable cost of evaluation as insured property and the risks to which it may be subjected. And this despite the fact that the amount of premiums received by small firms are very small.

Top 10 Most Stolen Vehicles In U.S

According to the The National Insurance Crime Bureau, Honda's were busy in 2010...busy being jacked! As reported in the Insurance Journal, "The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determined the vehicle make, model, and model year most reported stolen in 2010."


For 2010, the most stolen vehicles in the nation were:

1994 Honda Accord
1995 Honda Civic
1991 Toyota Camry
1999 Chevrolet Pickup (Full Size)
1997 Ford F150 Series/Pickup
2004 Dodge Ram
2000 Dodge Caravan
1994 Acura Integra
2002 Ford Explorer
1999 Ford Taurus
Interesting tid bit: for the first time since 2002, thieves prefer domestic vehicles over foreign brands. And should the preliminary numbers hold when the FBI produces its final statistics later this year, 2010 will post the fewest vehicle thefts since 1967.

Liability Insurance

Many people that have liability insurance for their business may not even know the difference between a deductible or self insured retention. For the most part, they serve the same purpose. They can offer a cost savings to an insured who anticipates small and infrequent losses, and they can reduce an insurer’s reluctance to write an account with a loss frequency problem.


The fundamental difference between a deductible and a SIR is how the claims are adjusted. With a deductible approach, the insurer adjusts all claims, and then bills the insured for his deductible amount. With an SIR approach, the insured is responsible himself for adjusting claims up to his SIR, which means that the insured will probably require the services of a third-party administrator (TPA). After the SIR is consumed, then the insurance carrier is brought in to handle the remaining amounts of the claim. Not only do deductibles and SIRs differ in claims adjustment approach, but they also affect risk management styles.


The problem I have seen businesses of all sizes get into is when they decide they want to go with a high deductible or a high SIR to save money. When inexperienced managers or owners decide this prior to calculating if they can actually sustain paying out those amounts to the insurance companies, it can be detrimental to the business itself. Regardless of whether you have a deductible or SIR, you are still obligated to pay the insurance company.

Think wisely before choosing a high deductible or high SIR plan. Speak to your insurance broker about the positive and negative affects it could have on your business and your insurance program. And remember, just because your premium is lower, doesn't mean you'll end up paying less in the long run.