We are super excited that you decided to join us on our blog. My name is Tim and I’m the founder/CEO. Score Williamsburgh Finance is completely dedicated to the fun, but often times very confusing world of finance. I know that there are many people who struggle to save money, increase wealth, and that just plain stink at getting their finances in order. This is going to change and we’re going to help you finally achieve the financial freedom you deserve through giving you a thorough education on finance. How does that sound? If this sounds like your kind of blog, then it’s time to get started!
A simple question with multiple answers, each depending on how often you travel. For the person who takes trips multiple times a year, or even once a year, then renting luggage is not likely the best way save money at all. However, if you don’t intent to make it a repeat situation, then renting luggage is the best option. One of main reasons why renting is ideal for the infrequent traveler, is that good luggage that meets all the requirements can be quite expensive. Most airlines and countries have unique specifications that have to be met by luggage, for those who do not travel often, it is a wise choice to rent luggage, especially expensive rooftop racks, and rest assured that it will be tailored to meet all the rules.
How much does it cost to rent luggage?
Renting luggage can vary from location to location, though on average you can look to spend around $20 to $30 (USD) per week long rental. As with anything, there are often coupons and discounts, especially in bundled packages, that can get even better rates than average.
The biggest advantage to renting luggage:
Aside from saving you the trouble of storing it after the trip and potentially not using it again, most luggage rental companies offer guarantees in regards to durability of their luggage. There is also the chance for insurance against damages and malfunctions that is not available when you purchase your own luggage. Having insurance against such things, as well as guarantees to pass requirements can make renting one of the best choices for first time or infrequent travelers.
An alternative to renting from a luggage company:
At times you can also get away with borrowing luggage from friends or family if they happen to be frequent travelers or have recently traveled. Some sites suggest cutting costs by buying second hand or thrift luggage, but in general, you can run into some problems doing so. The biggest still being the issue of what to do with it once you return and don’t need it anymore. One option that some take is to find decent second hand luggage, use it for the trip, then donate it back when it is no longer needed. It is a sort of charitable rental that doesn’t have guarantees, but can be a tax deduction, which makes up for the lack of insurance that rental luggage companies provide.
If you are currently in a situation where you do not believe that you can afford certain types of financing as a result of your credit, or perhaps you do not make enough money to qualify for certain loans that would allow you to have pieces of property that you would like to own, might want to consider repairing both your credit and your finances, but you don’t know how to do this. Although some people are able to work on their credit by obtaining a credit report, contacting lenders that have left less than desirable feedback on the report, causing your score to drop, you can do this on your own, or hire a company to fix this for you. Likewise, if you need to make more money, or perhaps pay off debt that you already of in order to qualify because your debts to loan ratio is preventing you from having access to loans with lower interest rates, there are many options that you can look at that can help you resolve these issues. This take a look at how you can begin bridging finance options along with repairing your credit so that you can qualify for the types of loans that you actually want.
What Credit Is So Important
The reason the banks makes much money is because they have access to billions of dollars which they can lend to prospective borrowers. If you need $100,000 or several million dollars, a bank loan it to you if you can qualify. If you make enough money to make your monthly payments, and your credit rating makes them confident that you can use it each and every month without going into foreclosure, you will more than likely qualify for any type of loan that you need. In order to get to this point, you have to improve your credit score, and also increase the amount of money that you are every month, so that you can have access to the money that you need to borrow to own the property that you want to have. Therefore, it is important to have excellent credit so that you can be perceived in the eyes of all lenders as a great lending risk that people will trust enough to lend you the money that you need to have for the property you want to own.
Repairing Your Credit
To repair your credit, you can either do this on your own by contacting lenders and paying them off, which will cause them to retract statements they have made about you, thus effectively raising your credit score. There ARE bad credit bridging loans, but it’s worth the effort to repair your credit instead of get this type of loan. This takes quite a bit of work, and as a result, many people use companies that can repair their credit for them. Once this is fixed, you will be able to apply for and receive the money that you need for property in your area.
Here’s a great video that outlines this important principle:
Improving Your Debt To Loan Ratio
Your debts to loan ratio is in essence how much money you actually owe in comparison to how much money you actually make. If you owe very little, and your income is very high, your ability to gain access to financing will be very easy. If this is reversed, where you have a high amount of debt, and less than adequate amounts of money coming in every month, qualifying for loans, especially of high amounts, is simply not going to happen. You can cosign with someone that would be willing to work with you, or work with a group of people that will pull their money together so that you can invest in real estate as a joint venture, but if you really want to improve your situation personally, you need to pay off all of your existing debt which means you may have to find a way to make additional money to get this done quickly.
Ways Of Paying Off Existing Debt
The best way to pay off all of your debt is to you a loan consolidation, along with paying off the debt using the cash that you earn. You can also get a second job, or perhaps work with the family member that will not force you to get bridging loans, allowing you to look as if your debts alone ratio has been improved dramatically. As long as you can afford to make the monthly payments to those that let you borrow the money, you can quickly it back on your feet. Your credit rating will improve, and your ability to have access to higher amounts of money to borrow will also be there, allowing you to move forward with your plans to purchase the property that you have been looking at.
Bridging Finance And Credit Together
In order to become a more proficient person that having access to lower rates of interest and the hundreds of thousands, if not millions of dollars, that you need to borrow to get certain amounts of property, you can bridge your credit and finance situation in a positive way by paying off existing debt, which will indirectly improve your finances. It’s also a good idea to find a way to make more money every month so that when the final calculations are made, it will be apparent to any lender that you are a good risk, and will make your payments on time.
Working With A Flexible Low Interest Lending Institution
Most of the companies that will lend you money will almost always do it at a higher interest rate if you do not have great credit. They will also do so if the amount of money that you make falls into the category, based upon mathematical calculations that they will make, that says you will be able to make the payments every month. You will have to sift through many different companies in order to find one that is flexible enough to look at your situation, one that is not reflective of a perfect credit score, or someone that makes excessive amounts of money, and still be able to get the trash that you need for the loans that you want. You can do this type of research on the Internet, regardless of the country that you live in, and find companies that you can talk to about getting financing. Simply enter in all of your information on their website, or talk to a representative of their company, to see what they can do for you.
Using these simple tips, you should be able to quickly find a lending institution that will be willing to work with you after you have lowered your amount of debt, and improved your credit. You can find these financing options on the Internet, or talking with people that you know, they have recently used a lender that was also willing to work with them.
Whether someone has lost their job due to unforeseen circumstances, or needs to be out of work temporarily, unemployment loans can be helpful. They may come with a high interest rate, but can be necessary for purchasing food, paying bills, and rent. Generally loans for the unemployed are issued while an individual is waiting for unemployment benefits, a social security check, or a settlement from a lawsuit.
If an individual suddenly finds themselves laid off or injured on the job, they may need to secure an unemployment loan to cover their costs. For example some seasonal workers are laid off each year, and they may have to apply for unemployment benefits. It can take time for the unemployment office to process their case, and if they’re living paycheck to paycheck a loan can help while they wait for their benefits to kick in.
If someone is injured on the job through no fault of their own, they’re likely to file a workers’ compensation claim. Although insurance may cover some costs, it sometimes isn’t enough to get by while the case is investigated. By securing an unemployment loan the injured individual has a way to get by during this time.
Usually an unemployment loan will be offered without any type of credit check or collateral, as long as the loan is paid off according to the terms outlined. This is especially good for anyone who is in dire need of a no credit check loan Because of this the interest rate may be higher as mentioned above. However, as long as the borrower makes their payments on time after they begin getting their checks, the loan can still be paid off quickly.
There are also lenders who will offer an unemployment loan to people who are waiting for the outcome of a lawsuit or other legal matter. These loans are often determined by the lender and the borrower’s attorney. These services allow the borrower to get their money right away, and the lender will take the settlement money when it’s available.
These types of lenders are a bit different from others, in that some of them will forgive a borrower’s debt, even if they lose their legal case. Rather than a normal loan where a determination is made on a person’s credit worthiness, these types of loans are determined on whether or not a case will be successful or not. With these types of lenders it’s best to go with one that the borrower’s attorney recommends, as there are scams out there.
There are also other ways that an unemployed person can get loan assistance. If someone who finds themselves out of work has a home or a vehicle they may be able to secure a loan by putting them up as collateral with a bank. They can also ask someone to co-sign a personal loan until they get back on their feet.
Unemployment loans can be helpful as long as the borrower carefully reviews the terms, especially if the loan isn’t from an accredited lending service. They can help individuals who are injured or laid off through no fault of their own. They offer a way to for individuals and their families to get by while they get themselves back on a healthy financial track.