How to Avoid a Credit Card Charge-Off

The simplest way to avoid a credit card charge-off is to learn and understand the credit card system. Here are some tips:

Sending Credit Card Payments Through The Mail:

Some credit card companies actually require you to use their own pre-printed envelopes, but even if they do not, it is a good idea to do so in the interest of more efficient processing of your payment. Make sure you have included the billing coupon and have written clearly the amount that you are paying. Include your check, also written legibly, and remember to write your account number on the check.
When Ronald Reagan was running for President, he was asked what he was going to do to make the post office more efficient, to which he responded that he would start mailing workers workers their paychecks. Allow ample time when you send your check to the credit card company.

Change Your Credit Card Due Date Something That Is Convenient For You:

Many people find that the greatest number of their bills, such as their mortgage or car payment, are due at the first of the month. If these places a burden on your ability to pay your credit card bill that may also be due at the first of the month, a simple way to avoid this problem is to just ask your card issuer to change the due date for your monthly payment. There is no harm in the asking, and many card issuers offer this ability to change the due date of your bill as an option. One important thing to remember, though, is that it may take a couple of billing cycles before this date change is fully implemented. It is important to make sure that your bill is paid promptly when due until your change of due date becomes effective. Otherwise, you could find yourself on the wrong side of a late fee.

About Late Fees:

In the classic television detective series Columbo, which starred Peter Falk, Lieutenant Columbo always appeared to be distracted and disorganized, but in reality he was extremely focused and observant. One common scene that brought delight to fans of the show was when Columbo left a room in which he had been speaking to the murderer. He kept turning around and starting question after question with, "Oh, just one more thing …" Then he trapped the criminal. Well, the credit card companies are not Lieutenant Columbo and we consumers are certainly not murderers, but when it comes to trapping us in the fine print of their credit card agreements, it always looks like there is "just one more thing."

Make Your Credit Card Payment On or Before The Due Date:

Your monthly payment is due on whatever date of the month it says on your credit card bill. If your payment is late, the fine print of your card agreement provides for the right of the credit card company to assess a late fee, which can be as much as $ 35 for each late payment. In the past, some credit card companiesave their customers five or even ten days of grace after the due date before assessing a penalty, but that is not the situation any longer. So you send your payment with sufficient time to arrive at the card company on your bill's due date.

But, just one more thing: Some credit card companies deem your payment late if it is processed later than 1:00 pm on the day of your due date. Some of these companies do not receive and process mail until after 1:00 pm; Therefore, the real date by which your monthly payment must be received is a day earlier than the date indicated on your contract. So you need to make sure your payment gets there three days ahead of the due date. Another Note: If the envelope contains a staple, a paper clip, or a note from you, the fine print of the contract specifics that there may be a delay of up to five days in posting your payment. This may cause a late payment to be assessed on a payment that arrived at the card company prior to the due date of the bill. I'll bet Lieutenant Columbo read the fine print before sending in his payment.

Make Your Credit Card Payments On-Line:

The most efficient way to make credit card payments is to make the payment on-line if the company offers that service. You can specify the amount you want to pay, which account you want it deducted out of, and specify the date you want the payment made. By paying your cards this way, you can set the payment to be made exactly on the due date so the credit card company is not getting your money any earlier than the due date and you have the peace of mind knowing you will never be late On your payment. Just be sure to set this up at least 3 days before the payment is due, otherwise there might not be enough time to process the payment in time.

Avoid Credit Card Interest Rate Hikes:

Another problem with late payments is that they can also trigger penal interest rates as high as 29%; So, for example, instead of the 10% interest rate your card may carry, your rate will now be jacked up to 29% effective immediately. In fact, even if you are timely in your payment, credit card companies generally reserve the right to raise your rate to a penalty rate if you are late with any other payment to any of your creditors, whatsoever they may be. Just read the fine print.

Can not Make Your Credit Card Payment?

If you're struggling with making your monthly payments, before you're ever late on a payment, CALL YOUR CREDIT CARD COMPANY! Most companies will come up with a reduced payment plan if you're experiencing a hardship. You'll want to do this as soon as you determine that you can not make your payment, before the due date. You'll want to negotiate a payment that you can afford with your credit, then send that payment in on or before the due date so it does not affect your credit.

You'll want to be sure to get this agreement in writing and be sure to negotiate that this reduced payment WILL NOT be reported as a late payment on your credit report. Sometimes creditors will agree to a reduced payment, but they'll go ahead and report it as being 30 days late because it's less than what was contractually agreed to. If you get a letter from the credit card company agreeing to the reduced payment, along with a statement from the company that they will not report you as being late to the credit bureaus, you'll have the proof you need to send into the credit Bureaus if they do not hold up to their end of the bargain. This happens more often than not, so make sure you protect yourself.

"Settling" Your Credit Card Balance For Less Than The Full Amount:

"Settling" a credit card account basically means that you're paying less that the full balance. This technique is usually used if the account has already been charged off and can only be done if you have the money to pay them in full. If you're going to try this, you'll want to try to negotiate a "Pay for Deletion", which basically means that whatever amount the two of you agree to settle the account for; The credit card company is also agreeing to remove the account from your credit report. By doing this, the charge-off and late payments will no longer negatively affect your credit score.

What Does ("PID") Mean in The Real Estate Industry?

A Public Improvement District ("PID") is a financing tool created by the Public Improvement District Assessment Act as found in Chapter 372 of the Texas Local Government Code. The PID enables any city to levy and collect special assessments on property that is within the city or within the city's Extraterritorial Jurisdiction ("ETJ"). A county may also form a PID, but must obtain approval from a city if the proposed PID is within the city's ETJ. The PID establishes a mechanism to finance improvement projects through the issuance of bonds secured by special valuations levied on all benefited properties. Because PID bonds can be used to reimburse the developer for eligible infrastructure early in the development process, often before the closing of the first home.

Public Improvements Eligible for PID Financing are; Acquisition of Right of Ways, Art, Creation of pedestrian halls, Erection of foundations, Landscaping and other esthetics, Library, Mass transit, Parks & Recreational or Cultural Facilities, Parking, Street and sidewalk. Supplemental safety services for the improvement of the district, including public safety and security services. Supplemental business-related services for the improvement of the district. Water, wastewater, health and sanitation or drain.

Benefits of a PID

A PID may be established early in the development process allowing the developer to be a reimbursed upon completion of the public infrastructure. Furthermore, unlike a Municipal Utility District ("MUD"), Water Control and Improvement District ("WCID"), or Fresh Water District ("FWSD"), PIDs do not require TCEQ approval, and are governed by the governing body of the City or county, thereby alleviating concerns regarding board turnover and the integrity of the board. If the city chooses to annex property that is within the boundaries of a PID, the city is not forced to pay off the assessments, and the assessments do not affect the city's debt capacity or rating.

Motor Insurance Quotes – Are Motor Insurance Quotes Legally Binding?

Q: Are the motor insurance quotes I receive from insurance companies binding? If so for how long?

A: The answer to that is yes and no. Let us explain. If you receive motor insurance quotes from an insurance company – then that is the price they are going to charge you. However, they are not legally bound to quote you the same price if you call them back three days later.

It is likely you will receive the same quote from the same company provided there were no incidents from when you first received the quote, but just because it is likely doesn’t mean that the company is bound to stand to by the earlier quote.

A good way to find out how long the quoted rate is good for is to ask the agent or representative who is giving you the quote. Be wary of a hard sell at this point however as the agent is going to realize you will be requesting quotes from other companies.

Motor insurance quotes are liable to change suddenly due to market changes, new insurance legislation, or a driving offense that may have occurred. To avoid this we recommend doing all of your insurance shopping over a one or two day span. This will ensure you get the price that was quoted to you.

Lastly, we strongly recommend that you take comparison shopping seriously when it comes to finding the best deal on auto insurance. While it may sound like common sense, there are many drivers who don’t take the time to compare quotes from different companies and end up overpaying for their coverage as a result.

Top 10 Tips For Starting a Successful Multi-Restaurant Delivery Service

When planning to start a restaurant delivery business, here are 10 tips to help you plan, start and succeed in starting up your own food delivery service.

1. Do a research first.

Before starting any business, be sure to find time to dig up resources and valuable information about the business. This also applies when you have decided to start a multi-restaurant delivery business.

Reading informative articles would actually be helpful but you should also find time to talk to people who you think would give you additional information about the business. If you find a website that offers information about food delivery service business, try to contact them through email or call them if the number to reach them is available on their contact page.

2. Find an experienced guidance.

When starting up your own multi restaurant delivery, consider sharing your plans with a close family relative, a trusted friend or a business person who is close to you. Get their suggestions, thoughts and find time to consider all these. It is better to have support from your family or spouse than doing this alone. Starting up can be a bit daunting phase of the business.

It is best to have an experienced business person to support you and guide you as you start your own restaurant delivery service. If you can not find any immediate person to talk to, you can try to search for forums or business communities online, try to mingle with like minded people who are seriously considering starting their own food delivery business.

3. Be sure that you are really serious on this.

As what most business experts tell us oftentimes, "Start up a business that you are really interested about." One reason why most business fails is because the person behind it lacks sufficient motivation to continue after a stroke of problems arises.

Before starting up a multi restaurant meal delivery service, be sure that you are interested with the business and that you are really sold with the idea before you'll be able to effectively do it as a business.

If you still have doubts about it, do not tolerate these doubts and find answers.

4. Get ready with a business plan.

Having a business plan will show you firsthand if the business itself is feasible. It would allow you to see if the business is scalable. If you plan to start a food delivery service business as a franchisee or investor be sure to study the food delivery service business plan and analyze the business' potential before putting your time and effort.

5. Test the waters first.

Do not jump into the business immediately. What's good about restaurant delivery service is that you can do it part time or full-time. This only means that you can start doing part time meal deliveries first.

If you have a day job, do not quit your job right away. Having a day job while you're still starting up a new venture will definitely help you financially while your food delivery service is still on its early stages.

6. Prepare the investment needed.

It would be hard to decide about what business to start if you do not have enough financial fuel to run the business. Save up or consider taking a business loan or approach lenders if possible. Every business requires initial investment to start with.

Food delivery service business does not require a huge amount of investment and preparation for the investment may not be that difficult acquire.

7. Prepare for the legalities.

When doing a research on food delivery service, also consider the legal and tax obligations or obligations required. It is better to have this all looked at and fixed beforehand rather than fix a legal mess afterwards.

8. Market your business to your customers early on.

You do not have to wait for your restaurant delivery service to basically start before you start promoting it to your customers. Start distributing brochures, printed menus or stickers to homes, offices near your business location and start making contact. Supply your customers with enough information early on.

9. Hire professional assistance if needed.

When starting up a food delivery service business, it does not mean that you will have to do all the work. In a typical scenario, you may need a person to answer calls and a person or two to deliver the orders.

As for the legalities, you may also want to get assistance from professional lawyers on legal matters relating the business.

10. Be professional.

This only means that you need to establish your business in a professional manner. To do this you need to create professional business cards, put up your own multi-restaurant delivery service website, a business phone number and a business email address.