Corporate Card Offers

How to Remove Your Credit Card Debt by Consolidating Loans?

Guest Author — Wed, 14 Mar 2012 16:44:52 +0000

This following guest article is from: FranklinDebtRelief.com

A person can find himself in a difficult situation, when faced with debts he can no longer manage to pay. Poor financial planning and unfavorable economic conditions are among the main causes of debts. Companies that offer credit cards aim at helping their clients manage the repayment of poor debts. So, if creditors come for their money, one should seek help from his card issuing company.

Credit card consolidation of balances or loans is one way of getting out of debt. This method enables a person, to get out of debt caused by loans. Owning many cards increases the chances of getting into debts. People opt to own several cards, to relieve their iniquitous debt situations. This increases the susceptibility of the individual, getting into financial trouble. The use of a credit card can be beneficial, but, it also has consequences if it is overused.

The combination of loans using a credit card can be quick and easy. The process involves the card companies, combining all loan balances an individual accumulated. By consolidating debts. The card holder will only have to pay interest, on a single large loan. The accumulative interest on the consolidated debt becomes affordable.

The combination of the loans will ensure that, one will keep track of his debt payments. The card company advises its clients, to pay up the consolidated loan, before taking on other cards. When an individual avoids the use of credit cards during this period, he will be able to steer out of debt.

APR’s of the merged loan will also be lower, since a new rate is calculated, for the overall debt. Less APR means that a debtor will pay back a reduced amount of loan. One way of achieving a debt free life due to consolidated loans is via quick repayment. An individual will find it cheaper, to make consecutive payments rather than paying the loans back, for a long duration. However, the card issuing firm works with the most suitable option its client can work with.

An easier option is through the use of financial firms and programs. One solicits the services of debt consolidation establishments. The client pays a fee, and the company negotiates with the individual’s creditors. The company will also help the person to manage his finances and steer away from debts. Debt consolidation takes a long time to bring results. Therefore, one will have to be patient enough. Consolidation ensures that credit is repaired, and credit history is also improved. Credit card debt consolidation can be a strong option, for someone in debt

Real estate market of Florida

Guest Author — Wed, 22 Feb 2012 00:25:12 +0000

The recent pronouncement by lenders like Countrywide monetary, that is Florida’s largest mortgage lender, Washington Mutual, Bank of The u. s., Citigroup, Wells Fargo and JP Morgan Chase, went in to result because the nation’s economy continues to slip toward a deep recession, in keeping with forecasts by leading economists.

Florida Actual Estate Trends – Major Lenders to produce 30-Day Reprieve For Distressed householders
Recently, around six of the country’s largest home mortgage lenders announced that they’ll quickly halt some foreclosures so as to allow householders a reprieve of thirty days to renegotiate their loans.

What Washington Is Doing To Reverse The Trend

In Washington, the leaders of major home lenders and U.S. Treasury Secretary Henry Paulson met to announce the launch of Project Lifeline, a program that’s geared toward serving to householders who are a minimum of ninety days behind their each month mortgage payments. householders but, wouldn’t qualify for the arrange within the event that they’re already in bankruptcy; have a foreclosure sales date but thirty days away; or bought a home as an investment; or if the property isn’t occupied.

The US Treasury Secretary noted that the project “has the potential to supply new solutions to accountable, able, householders who need to stay their homes.” They conjointly added that the $168 billion economic stimulus package that President Bush recently signed, still because the government’s housing initiatives, would facilitate to jump-start economic activity. However, some critics voiced that rather more must be worn out coping with succeeding wave of foreclosures within the approaching years.

How The arrange Would facilitate Affected householders

According to mortgage trade analysts in Florida, a 30-day reprieve would possibly facilitate some individuals catch their breath, however that it will not be to resolve the mortgage crisis. Some economists are forecasting that the quantity of foreclosures may soar to at least one million this year and next year, which might double the speed set in 2007.

The concern has grown even additional quickly in South Florida, where the housing boom of 2000-2005 has ed some to shop for homes they might not afford, and over 3,750 householders were a minimum of ninety days lagging on their payments in Palm Beach and Broward counties at the end of December, in keeping with data from Realestat.com. This figure is times the quantity of householders who lagged behind on their payments in December 2006. Project Lifeline can profit holders of every kind of mortgages, and represents a broadening of an initiative announced by President Bush in December that provides a freeze in subprime mortgage rates that are scheduled to be reset to sharply higher rates for home borrowers who qualify for help.

Some conjointly note that the credit crunch “would be lengthy & troublesome to resolve, because the housing crisis may be a direct body blow to the buyer & conjointly to the biggest capitalization market within the world, for mortgage-backed securities. many worry that it’ll take a protracted time to rehabilitate the high indebtedness of firms & shoppers, because the estimated losses to the monetary sector vary between $400 billion & $650 billion.

Economist note that they see little hope for a speedy turnaround of the nation’s economy. many note that it is a disagreeable recession & long, when it’s a consumer-led recession, & many economic signals show a recession has already begun, & it may well be deep.

Florida Foreclosures – Florida Homes for Sale, Florida Real Estate. Search for Houses, Condos, Condominiums, Multi Families and Townhouses for sale in Central, Central East, Central West, North Central, North East, North West, South East, South West

Switching Credit Cards

admin — Wed, 08 Feb 2012 20:25:00 +0000

For many people, that time of the month when your credit card bill arrives and you open it up to see the damage inflicted over the past month is a time filled with dread, anxiety and stress. Even those who have made the decision to use their credit cards in the most responsible way possible by avoiding new charges and trying to pay down existing balances may find that charges beyond their control have helped their outstanding principal balance grow. These charges may include new interest charges, late fees, annual fees, balance transfer fees, and more. Often, reflecting on these charges showing on your bill can fill you with bitter resentment, and it may cross your mind to consider switching credit cards.

The Benefits

There may actually be some benefits to switching credit cards. Your current credit card’s interest rate may have been bumped up by your creditor due to moderately late payments. The fine print that you agreed to likely included the acknowledgment that your interest rate could increase to 20% or more if your payment is late. Of course, this “late payment”will not show up on a credit report unless it is 30 or more days late, and so you may benefit by getting a lower interest rate by switching cards. Likewise, different credit card companies may also offer you options such as a no annual fee charge, a lower late payment fee, and even the opportunity to transfer balances over to a very low introductory rate for great savings to you.

The Risks

There are some risks associated with switching cards, too. You do want to read the fine print on any account you are considering applying for so you understand annual fees, late fees, and interest rate hikes. You also want to ensure that any credit card transfer offers you take advantage of will not adjust to a rate higher than what you are paying now after the introductory period has expired. Further, you will want to be sure to cancel your existing credit card once you have opened a new account, as you don’t want to run the risk of charging up two credit cards rather than one.

How to Shop

The fact is that you will not know if switching credit cards is in your best interest or not until you do shop around. When shopping, pay attention to the total cost associated with a new card, including annual fees, usage fees, cash advance fees, and more. Also look beyond the introductory rate to determine what the interest charges on your card may be once the introductory period expires. Further, you will want to contact the new creditor directly to determine what your monthly payment may be during the introductory period as well as after the introductory period expires. The last thing you want is to switch over to a new account and learn that you cannot afford the minimum monthly payments.In some cases, switching credit cards does indeed make sense, but in other cases it can cost you money. Take some time to explore the options, read the fine print, and really compare your current card against other options that you are considering.

Tips to Make Your Credit Report Debt Free

KevinCraig — Tue, 07 Feb 2012 05:54:44 +0000

After the recent economic turmoil, people are going through a financial hardship, and are not being able to manage their finances. So in lieu of managing the finances and supporting the basic expenses they are continuously incurring debt. Debt found in credit report can turn you into a prisoner as you do not have the liberty to use money as you would like. You also have a lot of credit obligations when the debt is reported on your credit report. So it is essential to remove the debt from the credit report as fast as possible.

There are several debt relief programs in order to remove the debt and improve the credit report. But aside from that, there are other significant steps that you might follow in order to make the credit report debt free.

The initial step is to find out the amount of debt on the credit report. In order to do so you must order your actual credit report from the three significant credit reporting bureaus, TansUnion, Experian and Equifax. Under the Free Disclosure Rule of the Fair and Accurate Credit Transactions Act, all individuals have the right to view a copy of their annual credit report.

You must review your credit report thoroughly. If you find that debt is still appearing on the credit report that has already been paid off then you must dispute the inaccurate information with the creditors. The credit dispute must be done in writing, and sent it to the credit bureau.

After you identify the correct amount of debt you must make a monthly payment plan for repaying it. Make an outline of your monthly income and expenditure, and calculate the balance amount with which you can repay your debt every month, and improve the credit.

You must negotiate the removal of the erroneous information on the credit report with the creditors. But if you have already paid off your delinquent account that still appears on the credit you must dispute with the third party collection agency instead of creditors in order to remove the inaccurate information from the credit report.

Once you pay off almost all your debts try not to create a new debt. Once your credit report is improved you might feel tempted to use your credit again. But you must refrain yourself from it.
In conclusion, these above mentioned tips will accelerate the way of clearing your debt as well as improving the credit report.

Business Credit Cards With Miles

admin — Sat, 24 Dec 2011 03:30:14 +0000

Ruth asks…

How to accept Credit Cards at my small business?

I want to begin accepting Credit Cards or Paypal from clients at my business. Paypal would be easy to set up I’m sure, but I wonder if anyone has insight as to if it is possible for me to set it up so I get miles or awards from the credit card company when people pay me with credit cards, just as I would get when I use my personal credit card? Or is this non existant?

admin answers:

You pay 1 to 2% of the charge directly to visa.
So it costs you money.
Walmart probably only pays less than 1%, but they are very high volume.
You can easily pass that 2% charge on to your clients.
Call Visa, there is a small equipment charge ( I think 500 dollars)
/

Betty asks…

best credit card for upgrading vacations to business class?

Hi,
I want to get a credit card mainly to upgrade flights to business class with or miles. Any suggestions?? how about AA credit card ( american airlines) . Thanks

admin answers:

Http://creditcard.creditinspector.info has excellent info related to dealing with credit cards. Check it out!

Donna asks…

Capital One mailed me an offer for a business credit card, worried about credit score.?

I’ve just started a small LLC, and got an offer in the mail for a Capital One “Visa Business Platinum Card with No Hassle Miles.” It’s amazing how quickly one gets onto the mailing lists once that paperwork is filled out.

Am I correct in assuming that they haven’t gotten any credit info on me yet? I’m in my early thirties and have virtually no credit history, with credit scores around 580.

I’ve just recently begun considering getting a card with a small limit in order to start building a history, And a card for the business would actually be more useful to me than a personal card, so long as it would help my personal credit (or at least not harm it).

My main concern is that if I apply and get denied for lack of credit history (the only thing on there is an unpaid utility bill for $200 from 1.5 years ago), it will make the task of building credit that much more difficult by lowering my already terrible scores and giving me a hard inquiry with nothing to show for it.

admin answers:

Make sure to get the best business credit card, check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates, fees and rewards.

Chris asks…

What is a good credit card to have for emergency use only?

My husband and I said that we would never get a credit card, but after a recent business trip 600 miles away, we realized we needed some sort of back up. I am looking for a card with a reasonable interest rate and no annual fee.
Unfortunately my bank does not issue credit cards. Any other ideas?

admin answers:

I think creditcardlocators can help you with what you need.
They offer you an easy way to browse and compare over different types of credit cards to find the perfect match.
Whether you are looking to rebuild your credit, have a new credit history or /and earn rewards and points.
Just search creditcardlocators on the search engine for more information.

James asks…

I have a few questions for those of you who have home-based or small businesses?

1. If I use my business accounts for business expenses and personal expenses, do I just itemize what I’ve used for my business and the end of the year?

2. If I go out to breakfast, lunch or dinner to discuss my business (i.e. business meeting) with my spouse, whom is also involved in my business, can I write that off?

3. Can I write-off part of my mortgage (the room that is dedicated as an office)?

4. If I have a gas business credit card and I use it to fill out my car for the week, but I only travel 30 miles or so for business meetings, do I only write-off that 30 miles or how does that work?

5. Do you REALLY get a lot of money back at the end of the year for having a business? I probably won’t make $400 this year because I just started several months ago. How does that work?

admin answers:

1. The only expenses that you can write off at the end of the year are the business expenses (i.e. Meals, advertising, etc.). It doesn’t matter where the money is coming from (business or personal account), it just depends on what you are usine the money for.

2. Yes, according to tax law, the meal just has to be for business. If you are taking a partner/employee to lunch or dinner it is considered business related. That is write-off-able.

3. Yes, when you file a Schedule C (tax form that goes along with your personal tax form 1040) line 30 asks for business expense use of home (or go to irs.gov and look for form 8829). This form (8829) will allow you to deduct a percent of your expenses to run your home (morgage, electrical, phone, etc.) equal to the amount of the home you use for business.
- Say you have a 5,000 sq. Ft. Home and your office is 350 sq. Ft. And you store your stuff in a room that is 400 sq ft. That makes a total of 750 sq ft that you are using for your business. Divide 750 by the total of 5000 sq ft and you get 15%. That means you can deduct or count 15% of your home expenses as a write off.

4. Legally you can only write off the gas/mileage you use for business. The best way to keep track of what you use for business and personal is to have a notebook and pen in your car so you can write down your miles. Once again it doesn’t matter where the money comes from it just depends on what you are using for business and what you are using for personal.

5. The thing with a small personal business is, you don’t get money back at the end of the year, but you can decrease your gross income if your business is a loss.
-Example: You worked for Jonny’s Pizza Parlor for the year and it was your only job. You made $27,000 gross income. You would put that on your 1040 when you did your taxes. Then say your business ended up costing you money instead of making money. You only got 2 clients to take pictures of in your Photography business. You made $1,200 but you bought a new camera and lighting that cost you $1,700. So your business had a loss of $500. You get to subtract that loss from your gross from the year making your new gross income $26,500. Here is how you might get money back. You paid Fed and State taxes on your gross of $27,000 but now because your business had a loss of $500 you only had to pay Fed/State taxes on $26,500. So if you look at a tax book and see that you had $1,345 taken out for Fed taxes on $27,000 but now your gross income is $26,500 and you only needed to pay $1,235 in Fed taxes you will get a return of $110.

Thanks,
Charlie
Let me know if you need more help.

Business Credit Cards Bad Credit

admin — Tue, 20 Dec 2011 03:29:27 +0000

Thomas asks…

I want a loan to make money. Small business loans/credit cards for ppl with bad credit? Exponential growth?

My house was robbed and all my jewellery and money stolen a couple of years ago.
I was about to run a small home business with the money and assets i had saved doing security work.
As I didnt have insurance, I got into debt and had to move so I didnt get hit again.
Now I have bad credit, is there anyway I can get a loan with bad credit???
I only need a small credit card to help me juggle things.
I am now trying to run a business again, but dont nearly have the start or the credit ratings as i previously did,
I am still a student and was hoping to run a business in my part-time.
I am still making about 50-100% profit per month turnover from my money and business.
With this type of turnover even a small loan of 1-2k would grow my business exponentially.
Even 10-20% p.a would be nothing for me to juggle around.
I know it takes money to make money but I cant seem to get over that 1k-2k hill to start my business growing exponentially.
Any tips other than saving or selling my assets?

admin answers:

This what people do not get, PROTECT YOUR CREDIT RATING because it will haunt you for years to come.

In your case you need a card so you can “juggle” things, what does that mean? So you can run it to the limit and get into more trouble with credit.

If you haven’t the money YET to start up your own business you go out and work for someone else until you do have some money and then if you reallllllly, realllllly want it bad enough get another job and save money.

Good luck but depend on your own work to get you going NOT credit cards.

ADDED
What the heck is wrong with saving? Oh I know the I want it NOW attitude.

Carol asks…

How do I get a Business credit card with bad credit?

I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?

admin answers:

It’s all tied to your social security number. Business doesn’t matter.

Before you do ANYTHING listen to this. Scroll down and click “Listen to Dave”. JUST LISTEN.

Http://www.daveramsey.com/tdrs/index.cfm/2007/9/17/Getting-rich

This one audio clip of his CHANGED MY LIFE when I heard it.

Listen to this man for free, on the radio or online. This is like getting financial wisdom from Bill Gates except this guy has a national radio show.

Maria asks…

How can I get a business credit card despite bad credit rating in Canada?

Help! I’m trying to start up a business and all I need is a $10k business credit card. But I have a bad credit rating and so far lenders insist I must have a strong co-signer. But I can’t get anyone to do this for me (long story) Any suggestions?
In answer to the first responder, it’s a self-employed business. I’m the only employee. It’s a long story but my personal financial mess is a combination of the high tech collapse (I’m an engineer) that has gone on 6 years, 3.5 years unemployed for myself. Plus, I have a medical condition. I finally made a bold move to get around the medical condition so I can start my own business, now all that is stopping me is a co-signer. I agree, it’s not an enviable position but I have no other choice. Is there any way to get a credit card without a co-signer when you have a bad credit rating?

admin answers:

Actually, it’s a short story. No one else wants to stick their neck out (co-signing) to cover your debts after you have shown little ability to handle your own affairs. They will be 100% financially responsible if you default on your debts and they know it. Operating a business is like operating your own financial affairs on steriods.

Who in their right mind would start a business on credit card with up to 32% anual interest? That is a very large nut to crack on top of paying for employees,your wages, materials, rent,phone and lights…. Then look for making a profit too???
Tell me what kind of business you are going into that has a 32% profit after all expenses and I will start one in a heartbeat (as long as it is legal to do so)

Maybe you had better sit down and work out a business financial plan… Then work towards fulfilling it and obtaining the capital you need by working and saving the start-up funds… Then someone might be willing to listen to your business idea. If you don’t believe in yourself then others will not believe any differently. There is no shortcut to success. Those who cut corners are the first to fail.

Response to additional details:

The most probable way you will get a card is with that much money in their account. Your credit limit will match the amount of money in the savings account held by the credit card company. That way you can start building up a history of purchases and paying the bill on time. You have to re-establish a history of being reliable. After a couple of years of a spotless record, you may find someone who is willing to issue you limited credit and further build from that. I know you are looking for a fast way to do this…. Sorry probably not going to happen.

I am not trying to beat up on you… I am trying to show you how others (creditors and co-signers) will look at this. Even if you have lost your job,any work is better than none… Even fliping burgers. 10 G’s is not an undoable amount but it might take you 1 year to get there working minimum wage. Hopefull you will do the numbers and see that if you are holding 10Grand worth of debt on a credit card, your whole business profit will go to support the debt and you are working for nothing.

If you were an engineer then you are used to solving problems with a systems approach and a thorough evaluation. It doesn’t sound like you are using your formal education on this new problem. Please write up a plan and look at all the issues systematically. Form a feasable plan and go after your dreams.

Hope that helps

Donald asks…

Looking for business credit card for my small biz. Personal credit is bad but I have my EIN, but been declined?

I already applied for 2 cards and have been declined. Trying to build my business credit. Since its for my business, I use my EIN and not my SS#. Any advice where else I can turn to for a business credit card? Thanx.

admin answers:

Now a days they are not giving credit cadrs that easily. Also dont apply if you think they will decline your application as this will effect your credit history. Try Amex they used to give the business cards very easily. Also apply thru the same bank in which you have bsuiness account.

John asks…

can i still get a business credit card with bad personal credit?

if i have bad credit can i still get a business credit card? the application asks for both the business tax id and my personal ssn

admin answers:

You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – buildcredit.ifastnet.com

Business Credit

admin — Sat, 17 Dec 2011 03:28:38 +0000

Joseph asks…

Business Credit?

How do I seperate my business credit from my personal credit? How do I build my business credit?

admin answers:

The two will always be tied together. The only way to build is separately is to use only your EIN when applying for credit.

Steven asks…

Business credit?

when you have a corporation, and apply for business credit, do they look at ur credit personally or the business credit

admin answers:

If you are the principal account holder on the business account. Your credit report is what they look at

Donald asks…

How is a credit score for a small business established?

I started a small business 6 months ago that has been very successful. I have a business bank account, but have not done anything else to establish credit for the business.

I would like to lease a vehicle in the name of my small business and am curious if my business credit score would be too low?

Does anyone know a general guideline on how quickly a line of credit is established for a small business?

admin answers:

Dun and Bradstreet has a service that monitors small businesses. You can look into having them evaluate your business. However, in almost all cases, you will be using your personal credit to secure funding or credit for your small business. I’ve owned a small business for 15 years and every bank account, credit card, auto lease, etc. I have ever acquired I did using my personal information and credit score.

Ruth asks…

Is it possible to build business credit with a small home-based business?

I have a small e-business, and I would like to know if it’s possible to build a significantly high level business credit score?
Also, can you build a business using business credit?

admin answers:

You can absolutely business business credit with a home-based business. Www.thexbanker.com is a good source. I don’t understand your second question. Can you clarify?

John asks…

How can I establish business credit without my personal credit?

With a new start-up business (incorporated), how do you get serious business credit that doesn’t tie down your personal credit with personal guarantees?

admin answers:

The only way to do this is to borrow in the name of your business (corporation) only – without a personal guarantee (P.G.), then repay the loan.

For this to work you have to make sure the loan is reported to Experian Business Credit. Try also for Dun & Bradstreet, although they are not taken very seriously in banking circles anymore.

The best system is to borrow funds, hold them on deposit, make some monthly interest payments, then give the deposit back to the lender to pay off the loan.

There is a lender that does this with no credit check, if you agree to keep the money on deposit. If you ask, they will also let you open more than one at a time. They also have the ability to report to the credit bureaus under two different names. All of this can help you get multiple positive credit entries. See creditloader dot com for more.

Corporate Credit Cards For Employees

admin — Tue, 13 Dec 2011 03:27:57 +0000

George asks…

Can an employer refuse to provide “Incidentals Allowance” to employees during extended O/S travel ? (3 wks)?

My employer is sending me O/S for 3 weeks on official business. The company’s travel policy is such that all expenses are payable for with a corporate credit card (accommodation, food and travel), which I am happy with. However, the travel and expenses policy states that incidentals such as newspapers, soft drinks and light entertainment (museum/movies) etc will need to be paid for by ourselves, and WILL NOT be reimbursed.

Can anyone tell me if this is legal or justifiable by any employer ?

Who can I speak to in order to know what I may be able to do ?

Thanks heaps

admin answers:

Yes it is legal. The company is not responsible for any entertainment they do not outline for you in the contract.It is justifiable by most companies.

My husband travels in state all the time. The only thing his company provides for him is a room to sleep in at night. All other expenses are his.

William asks…

Company issued credit card?

Hi- I’ve just started a new job with a multi-billion dollar company with about 36,000 employees world wide. I’m required to obtain a corporate american express credit card for business related expenses and travel. My question is, can I be denied this credit card if I have less than stellar credit? The company pays American Express directly after I submit my expense report to accounting. While I am responsible for submitting the expense report in a timely manner, the company as I said above, pays Amex, not me.

admin answers:

If its your credit in your name then yes they can if it is a company account with just your name on the card then all they have is your name on the card and not your credit then no you cant be denied

Thomas asks…

Do you think I’ll win the appeal for unemployment? If not please help with suggestions. Read below?

My unemployment was denied because I didn’t pay my corporate credit card on time which was the cause of my termination. My argument and the truth is that the credit card statements were delivered US Mail and placed on the cash wrap at the front of the retail store. Customers and employees have full access to items on the cash wrap. Then at some point the mail is placed in the office in the store managers basket. There is a possibility the statement was late even before I received it which is my argument. What do you think?

admin answers:

I worked in accounting for over 20 years. I have processed THOUSANDS of expense reports. I don’t think you were fired over a late payment. I think you used the corporate card for personal business. If the charges on the card were legitimate business expenses, the company would have reimbursed you for these expenses. Now if they did and you took the money and then failed to pay your corporate credit card, that is good reason to write you up. How long was it that you didn’t pay the bill? Even if one statement got lost, they send late payment notices. You never got these? You didn’t realize that you didn’t get a statement for that month? You apparently made a lot of charges, you didn’t question not getting a bill? You could have gotten a copy or gone on line at any time. I’m sorry I don’t buy your story and if I was looking at your case, I would deny it.

Maria asks…

Applying for a credit card…What type of business is a library considered?

I work at a small city library as the only employee (the director) and I have been given permission to apply for a credit card. I found a small business credit card that was agreed on, but when I went to apply, I was confused about which type of business to classify us as. The options are:
Business Individuals
C-Corporation
Corporate Trust
General Partnership
Individual Trust
Limited Liability
Limited Partnership
Professional Corporation
Proprietorship
S-Corporation

It doesn’t seem to me that we are any of these. Maybe a library doesn’t count as a business? Help please! Which one would you consider a library?

admin answers:

It would most likely fall under C-Corporation, as it is part of the city government, and cities are incorporated.

Susan asks…

Do you think that corporate big wigs will ever cut back on extravagant luxuries given the tough economy? ?

CITI Bank wanted to buy a 50 million $$$$-luxury jet for corporate big wigs even though they got billions in bail out money.

Another corporate executive whose office received bail out money spent $100,000.00 on a toilet for his office.

All the while laying off employees and raising credit card rates on people who have good credit.

Is there any chance that they are dining on less caviar and lobster?

I’m for a bail out for hard working Americans, but not for Wall street millionaires.

admin answers:

Well Ms. Pelosi flys in her own private jet, the first and only speaker of the house to do so. Hmmmmm

Corporate big wigs have earned their right to buy jets. Citi bank ordered that jet years ago and they are selling old ones to pay for it.

Corporate Credit Network

admin — Sun, 11 Dec 2011 03:27:11 +0000

Ken asks…

just signed 2yr contract w/ Verizon, being screwed, what can I do without ruining my credit?

I signed a two year contract with Verizon Wireless about 4 months ago. Two lines with 700 shared..
Yet somehow, EVERY month, Ive had to call and complain about “data charge”, or “service charge” that shouldnt be there and they appologize and remove it.
I recently set my account to automaticaly pay the bill on time from my checkings. Apparently it didnt go through because I had to do it online manually the day after the bill was due. Now I have to pay a $20 late fee?
A few hours late, and my bill is over $100, a bill that should never be over $79 with taxes.
Not only have they done that stuff, the service is bad. I get HORRIBLE reception, me and my fiance both. Calls drop and voicemails dont reach the phone until hours, or sometimes days later. “Americas Most Reliable Network“, there are several places where I get no service.
How can I get the number to corporate without playing ring around the rosy over the phone? What can I do?
Thought about not paying but dont want bad credit

admin answers:

I went through this. (all the networks are doing this not putting messages through).

Drop the automatic bill pay. You will get screwed at some point. Call a few times and get case numbers and names from whatever person. See what happens. You will be making a paper trail. If you get someone who speaks almost no english hang up until you get someone who does.

Then once you have that ask for the “senior resolution specialist”. Not the next manager up at a call center but that person. They can actually do something.

Yes you are going to have to mess with it and it will take time. Otherwise it will become a credit issue. But take heart. I went to it and actually got 3 months for free.

Helen asks…

I signed a 2yr contract with Verizon a bit ago now im being screwed and I dont want bad credit, what can I do?

admin answers:

I’d say go to a customer service branch personally and iron this out. People find it hard to get fishy and cunning in person and make sure you read any documentation and receipts and keep them in case they try to play the “Oh I forgot” game..

Sandy asks…

What are you waiting for? Buy brands,?

Company objective: To become the world’s most favorite fashion brand network wholesalers!!!

Corporate Culture: the lowest price, best quality, best after-sales service!

Put Customer, Service, and Credit on the first place! cheap jordan shoes

Every day low price, small profits but quick turnover, Members more favorable!

Fair trade, credit management, cheap and fine, long-term business!

Save every penny of customers, provide all high-quality brand merchandise they want!

What are you waiting for? Buy brands, come to www.fad77.com!

admin answers:

Crazy? Stupid?

John asks…

proof read this pLEASE!!!!!!!!!!!!!!!!!!!!?

With the massive advertisements and VNRs taking control of television programs, media bias also play a main factor that have change the television more entertained. Most the news networks like Fox News had taken a media bias on the conservative and liberal division. Most of the news networks of the United States are more conservative than liberal. Most television networks are more conservative for the main reason is to keep their relationships with the corporations. No corporations will want to place their ads a news program is covering any unwanted governmental scandal stories. This is how the corporations and government work together according to Manuel Valenzuela:
Using fear and the threat of insecurity to manipulate the people, corporate media, in bed with government, over the years having become the mouthpiece of government control, unleashes a barrage of propaganda, in images and pro-war commentators, to arouse in the population the false sense of security that justifies military action. This way, debate is silenced and dissent is disappeared on the airwaves as once again the corporate media, the gatekeepers of information, allow us only to see and hear the point of view they want us to incorporate into our psyche. Voices of reason and of intelligence are ignored, banished from imparting important thoughts of wisdom, thus making it virtually impossible for the population to ever know there are other options besides the horror of war. (Valenzuela, par.9).
All the televisions want the corporations gold money; programs stay away from undesired government stories and cover more conservatives’ bias to make the corporations happy. According to new research in the Washington Times, ““Red-taste” conservatives love Fox News, are suspicious of Hollywood and ignore arty programming…” (Harper, par. 2). Besides conservative supporter network, Fox News Channel is the rated first of the most watch cable news network. No cable news network has over rated the Fox News Channel. Most of the cable news networks desired to replace Fox News Channel by copying all the features of Fox News Channel obtains. For examples, most of the news networks have the alerts credit in the bottom of the television such as CNN network. All the news networks will have to become conservative supporters to gain the huge audience like Fox News Channel.

admin answers:

Thx. For the essay

Maria asks…

Whats wrong with Universal Health Care?

On the Sunday, December 14, edition, of Meet the Press, former governor Mitt Romney accused American workers of causing Americ’s “current financial crisis”. Mitt Romney claim that the American worker costs about $172.00 per person, is the main reason why America keeps losing jobs. Mitt Romney then claimed that other nations spend about $50.00 less, per worker, which makes their products more competitive. This maybe true, but, as the Democrat woman, present that day said “Other nations pay out less money because their nations have a national healthcare network in place. I have to give Mitt Romney credit, though. Even against proven, verifiable, facts, he maintained his position that corporate tax cuts are the only way to save American jobs. As everyone knows, and many agree, health care costs are a primary reason why labor costs are so high, in America. Despite this, the Republican party remains adamantly in opposition, to a national healthcare system. Even though this would reduce costs, possibly by billions of dollars per year. Instead, the Republicans remain adamant that tax vouchers, good only on March 15, are the only solution, to the healthcare problem. How can American business be competitive when workers face health care costs, of $1,000+ per day, for illness or injury? How can workers, denied quality health care, be expected to be competitive, while fighting losing battles, with debilitating diseases? If healthy workers are the key to business, then isn’t national health care also a key, since healthy workers are more productive? If so, whats wrong with Universal Health Care?

admin answers:

Again. Maybe someone will get it.

Number 1 – the gov’t cannot do anything well. Think Katrina, Social Security, Medicare…do you really want DC to control your healthcare?
2 – not in the Constitution.
3 – forces healthy to pay for sick. Better to let people shop & get discounts for a healthy lifestyle.

I think that should be sufficient for this venue.

Corporate Credit Cards For Employees

admin — Fri, 09 Dec 2011 03:26:22 +0000

Maria asks…

Would an employee be responsible for an American Express corporate card in the employees name?

A corporation applies for an American Express card and gets 7 cards in individual employee names to pay for expenses for the business. Employees were told that it was a soft credit check and they would not be responsible for the bill. Is this true?

admin answers:

Unless fraud is committed. Employees are never exempt from fraud, ever.

Robert asks…

i need to write a letter to employees for the process of turning in receipts for reconicliation reports?

I have to write up for employee the process on turning in receipts so I can reconcile there corporate credit cards

admin answers:

Write a firm letter,stating the procedure and the process required. Don’t make any rules, because someone will break them. But try to establish some principles to follow.

If they are corporate people they could be helpful or quite arrogant.

That is why the letter has to be firm.

Helen asks…

Is it legal for an employer to require application to a credit card?

This question has been asked before, but those who answer don’t seem to read it right, I’ll explain:

A certain employer requires it’s employees to apply and use a particular credit card it teamed up with for all travel expenses (hotels, flights, rentals, etc.). This credit card IS NOT in the companies name. It would be in the employee’s name and under the employee’s credit. The employee would be responsible for it’s payments. The company then reimburses the employee. The Company makes no payments to the credit card company. The employer has access to the card for monitoring though. Employee recieves no benefits from the card, and all the risk. The employer gets all the benefits and assumes no risk.

For review:
*Employer requires application (whether approved or declined) and use or credit card.
*Employer doesn’t pay credit card, employee does.
*The card is in the employees name and credit.

*Personal note: Company has history of not reimbursing on a timely manner and makes process tedious and difficult. The company also has an actual corporate card that the company is responsible for, but prohibits it’s use for travel expenses because of the said program in place. This is in California.

admin answers:

From what i understand from this question this would not be legal but the only way to know for sure is to provide ALL the details to the state and they will give you an opinion on the legality of this procedure….
Contact information:

http://www.dir.ca.gov/DLSE/aboutDlse.html#contactdlse

as with all laws there are numerous exceptions and exemptions to labor laws and without all the relevant details no one on Y!A can give you a definitive answer………..

The state of California has by far the most employee friendly laws in the US………..

Http://www.dir.ca.gov/DLSE/dlse.html

http://www.dir.ca.gov

Charles asks…

Corporate Creditcard Fraud?

I was working with a company called eDesigntree in Bangalore. Company Management issued Corporate Credit card in the name of few employees stating we can use the creditcard when we spend for corporate travel and other corporate expenses and company will pay against the bill statement. Management one day took two of our Corp. credit cards and used for CEO’s travel for one of the project. As the management has not paid the bills yet, Credit card company (Dueschebank) is behind us threatening us saying our names will be in Credit Negative list. What can be done in this case?
I was working with a company called eDesigntree in Bangalore. Company Management issued Corporate Credit card in the name of few employees stating we can use the creditcard when we spend for corporate travel and other corporate expenses and company will pay against the bill statement. Management one day took two of our Corp. credit cards and used for CEO’s travel for one of the project. As the management has not paid the bills yet, Credit card company (Deutsche Bank) is behind us threatening us saying our names will be in Credit Negative list. What can be done in this case?
I quit the company. But now the problem is, the company itself has closed down few months back. that’s why Bank is following up with me

admin answers:

The Company (as you say) issued the Credit card. How does the Bank come into picture? There must be something in writing or guideline issued by the Company for reimbursement against the credit card. Dont worry. Thge Company will make payment. By the way are you stilol in the employmebnt of the Company?

Susan asks…

why must I use my personal credit card for company expenses?

I work for a startup of 15 people. 4 of us travel almost 100%. 1 of us travels 25%. 3/4 the people who travel 100% have corporate cards. I travel 100% and DO NOT have one. The person that travels 25% also has no corporate card.

My employer is very slow in reimbursing me for company expenses (food,hotel,flight,car etc). The debt usually accumilates to 3000-4000 $ before I get reimbursed. I dont like the idea of using my personal card for company expenses as on a long term its not right (I’ve been doing it for > 1 year now). I am expected to travel thru 2007 at a minimum.

My boss (& founder) says its “too much work” for him to get me a new card is is not even willing to give me a cash advance. I am very frustrated due to this. I think its unfair I travel 100%, am a regular employee and dont have a card while another employee does have it.

The guy does not even return my phone calls when I call to enquire about my reimbursement.

Other than quit, how else can I handle this?
I have taken the moral high ground of declaring that I refuse to use my personal cards in the future – PERIOD. I have askef for a corporate card or cash advance or billing all my travel expenses to the Project Managers card who is an employee and has a corp card

admin answers:

Ouch – sounds like a sticky situation.

Honestly, startups are weird environments. Frankly, they are probably slow the reimburse you because of poor cash flow management.

Tell your boss you can’t continue to charge the travel. Make the arrangments w/o paying for them and submit the bill.

Even if the company pays you the initial travel cost – if you are stuck covering a month of interest on $3000 – that can be quite a bit over the course of the year.

Wish I had a better answer for you!
Best of luck.