MoneyGuru Blog by Loansolutions.ph | Philippines Financial Blog
Loansolutions provides loans via our network of partner banks and lending companies. We simply connect you, as credit-worthy borrowers, to low interest lenders through our pre-qualification process. We are not a lending company; instead we serve as a bridge between you and financing companies.
Customer relationship management softwares have gone from a marketing innovation to the baseline requirement for a thriving company. This change has happened because increasing customer acquisition costs has led mortgage companies to innovate on customer retention and creating multiple transactions. This article will explore the role that a mortgage crm Bntouch can play in the loan origination process and why banks will need one in order to thrive.
Lead Prospecting and Generating
Ten years ago, loan officers had to stay on top of new leads and and follow up with them every day via phone calls, e-mails or visits. Not much has changed in 2019 except for the fact that these follow ups can be automated.
CRMs, known as customer relationship management systems generally come with features that help salespeople with lead prospecting. Ten years ago, an LO would’ve had to dedicate at least 2 hours/day managing leads. Today, then can automate a lead prospecting campaign in an a single afternoon.
The two biggest advantages here are that this saves the LO a boatload of time which can be invested into new income-generating activities and prevents takes human error away from the equation.
An Easier 1003
Nobody likes the 1003. It’s just that simple. It’s the most nightmarish obstacle that clients have to face and the source of a great deal of stress. For people who are unprepared, it can make the loan origination process drag out and a source of much confusion.
Great mortgage CRMs simplify the 1003 process. Mortgage software like bntouch’s focus on making the 1003 a more positive experience by allowing clients to fill it out online, submit their documentation online, and have access to real-time updates through various channels including SMS.
This feature is so important because after you close the deal the customer will most likely remember what felt instead of what you did. If your company made them feel confused, stressed, and annoyed with the 1003 then there’s a significantly higher chance that the customer will try a new bank for their next loan.
On the other hand, if you give them a positive experience, then you’ve given them another reason to keep coming back.
Mortgage CRMs offer automated ways of staying in touch with clients long after your deal with them is closed. You can schedule automatic birthday messages, monthly e-mails, and a variety of other ways of pinging your closed clients.
Like with lead prospecting, the advantage is that this will save you both a boatload of time while also removing the room for human error. When you have an entire campaign pre-programmed, then you won’t “forget” to send out that follow e-mail or birthday card.
In short, CRMs are becoming an extension of the loan officer. They’re saving time and increasing revenue and for that reason are a necessity for any mortgage company that wants to thrive.
Structuring your investments, building your own personal business, or growing revenue—all of these depend on having enough liquid capital. This can be difficult when so many loans come with so many consequences that can drain or put your assets in danger.
While risky loans are common, there are ways to set you and your business up for success with more practical loans. Getting the money you need in order to do the work you want to be doing shouldn’t come at a steep price.
Below are what industry professionals from across the market recommend for anyone attempting to take out a loan that doesn’t end up causing them long-term consequences.
Use Online Comparing Tools
The easiest way to make sure your deal is balanced in your favor is to look at the competition. While the types of loans vary heavily based on what type of money you need, your credit score, and your history with loans, it is fair to say that a good comparison tool can give you the basics on which loans are a scam.
Checking the ballpark interest rates for someone with a similar credit score across the market can give you a good idea on which companies are willing to work with borrowers with fair terms. These companies should help clients to ensure that they do not have to default on their loan and are able to pay it back in a timely manner.
Using these tools is like consulting the experts. It gives you an insider look into the market and the mechanics of the industry, so that you can find the best loan for your purposes!
Try a Stock Loan
Many business owners utilize stock loans heavily in order to liquidate some of their assets and borrow against their stocks while not having to let go of them. You can essentially continue to hold onto your stock while utilizing the capital potential of that stock to launch your business venture or engage in other business with your new liquid assets.
Most industry professionals recommend this type of loan for the flexibility of the stock loan terms and the low interest rates. Brokers and advisors at places like www.easystockloans.com can help match borrowers with the right lenders for their specific needs and the specific markets that they hold shares in.
Build Your Credit Score
It’s not rocket science to know that a better credit score means access to better loans. But how do you build your score so that you can reap these benefits? The main principle is patience. Building credit takes time.
The active ways that you can work to improve your score are to apply for a credit-builder loan. This loan is more manageable and can help to improve your credit while also giving you some flexibility with liquid capital. After this, you can work your way up to larger loans, and gradually get a better deal on them.
It sounds simple, but many people simply rush to improve their credit score in the moment, when that statistically ends up resulting in defaulting on a loan or payment that is too ambitious. Pacing yourself is the way to go.
Making the Most of your Finances
Obtaining a fair loan is the product of many principles including credit score, being industry-savvy, and being able to negotiate for the best deal out there. With plenty of research, hard work, and patience though, you can situate yourself perfectly to select loans that are realistic and perfect for allowing you to invest in a business venture, and your future.
Attitudes of businessmen, society, customers towards marketing are controversial and this is no secret to anyone. Someone appreciates it, respects and understands why marketing is needed and most importantly uses in its activities. However, there are those who do not like marketing, and do not appreciate it. Some of these people even believe that marketing is an invention of bad sellers who shake money out of companies through it.
A common opinion among buyers is that marketing is a way of divorcing gullible consumers. With this attitude to it, we can say that marketing is constantly weighing in the balance. It seems that marketers are about to start beating just because they are marketers, and the word marketing will be banned altogether.
However, the role of marketing in society is enormous. You could even say that all developed humanity relies on marketing. Therefore, the marketing infrastructure in developed countries is actively developing. However, is it necessary to teach marketing in universities? Experts from Pro-Papers have asked themselves this question, since it interests many of you. Let’s figure it out together.
The studying of marketing at the university can be divided into two categories: the studying of marketing in the marketing specialty, and the studying of marketing as a choice of a specialty course in marketing within another specialization.
What does the study of marketing as a subject in a marketing specialty give? Probably, the answer is obvious, but still.
Marketing language. You know it, you perfectly understand what the customer and the employer want from you. You speak with them in the same language of insights, projects, and conservatives; this gives you a temporary advantage over those who have come to marketing from other disciplines.
Structure. You know the image of the result and why your client needs it. You better understand how it is worth building an idea in order to bring it to the customer, in other words, to sell. Your boss will not have to explain in detail what exactly you should do and how, most often he/she can simply give you a task.
Specialization. During your studies, you will learn how to navigate in many areas of marketing (if it is a good university), read a lot of marketing books and familiarize yourself with many marketing cases, while economists will consider mat models and sociologists will read classics.
What does the study of marketing give as a subject within all other non-core specialties?
There are several facts which count in favor of teaching marketing in universities.
All people, even without knowing it are engaged in marketing, even those who have a negative attitude towards it. Marketing is done by all businessmen, all customers, all states, all cities. For example, when people go to different stores to explore prices and assortment – they are engaged in marketing. They also do marketing when they write resumes for job search. The requirement to raise wages on the basis that others have higher salary or on the basis that your salary is not enough is also marketing. As for the state, they are also engaged in marketing, when they are trying to attract investors, skilled labor and in many other cases.
Marketing is one of the business philosophy. All companies from all countries of the world adhere to this business philosophy, although they do not always know about it. Consciously, this philosophy is held by those who know why marketing is needed. Others adhere rather unconsciously, but still adhere. The only question is how strongly they adhere to. Some companies adhere to the minimum, by 1%, while others maximally, by 100%. The results of their activities are relevant.
Marketing participates in all transactions made in all countries of the world. No transaction takes place without marketing involvement. Any transaction is a sale, and sale is a marketing tool. Some people think that sales are independent from marketing, but they are not. In fact, marketing and sales make a bunch and marketing is the main one in this bundle.
Marketing is necessary for comers and goers. You can sell a pup goods without marketing, but you cannot sell, and indeed it is generally believed that the goal of marketing is to make sales efforts unnecessary. Those who hold this view feel very well. For example, for Apple products, people line up for days before the start of sales! The role of sellers in such a situation is to take money and give the goods. That’s all. They do not persuade anyone to buy anything. The people themselves come ready to buy. It is marketing that prepares people for the purchase, does everything so that the sale takes place.
The economy is impossible without it, because the economy is, above all, communication. The better you own this language, the more you can tell about yourself, your product to other elements of the economy. The better you own this language, the better you will understand. The better you understand, the more you can sell and therefore you can earn more.
Best in this language speaks the one who studies and applies the right marketing. This means that the more people and companies that understand this language, the stronger the economy. That is why teaching marketing in universities is really incredibly important in today’s world.
Protecting assets is one of the first things business owners start worrying about as soon as their profits start multiplying. Numerous ways exist to keep the assets safe legally without making too much effort. However, the first step still needs to be made. And it’s doing research.
If you are thinking that protecting assets is stashing all of your money in offshore accounts and trying to avoid taxes, you haven’t done your homework. The majority of asset protection methods are 100% legal. With over 40 million lawsuits filed in the USA each year, it’s smart to start thinking about asset protection now.
Let’s take a look at the most efficient ways to protect your assets.
1. Open An LLC
LLC is a limited liability company. Creating an LLC means that you won’t be held personally liable for your company’s problems. In short, if a lawsuit is filed against your company and the court makes the decision for it to pay, only the company’s funds will be under attack. Your personal possessions will be unreachable.
With an LLC, you don’t have to worry about your home or car being taking away from you. All you can lose in case of a problem is the business.
In a few cases, a business owner may be held liable. For example, if the person injures another person directly. Or if the owners fail to pay taxes.
2. Use an Offshore Asset Protection Trust
Offshore asset protection trusts are among the most popular ways to take care of your assets. Funds that you send abroad aren’t subject to extraction by creditors. If the court rules that you are responsible for paying a certain amount, you can only pay it using the assets you have in the country.
In case creditors decide to go further and try to extract the money from your offshore accounts, they would have to go into a legal battle with the offshore trust jurisdiction. These jurisdictions are usually keen on protecting offshore clients.
One of the simplest yet not-so-cheap ways to protect your assets is to get extra insurance. An umbrella liability policy is an excellent way to keep your assets safe. This insurance is the next step after your regular home and vehicle insurance plans. For example, you can get insurance against a lawsuit filed in case a car accident is ruled to be your fault.
Umbrellas can protect you from different lawsuits, such as someone being hurt in your home or bitten by your dog. Umbrella policies are different and require close studying. However, they can be a great way to keep you protected.
5. Consider Trusts
Creditors won’t take away your assets if you don’t have any available. You may want to transfer some of them to an irrevocable trust. Family members can take advantage of the funds in the trust while creditors can’t get their hands on them.
Asset protection is extremely important for your well-being and peace of mind. Start thinking about it today.
Whatever the reason behind taking a loan, you should be proverbial with your own financial health before taking or applying for one. If you are capable enough to return it back on time, you can take any type of loan for yourself. It’s fundamental to understand that your credit score is a major aspect representing your financial health. Even lenders want details about your financial score before lending you an installment loan. If you take control over your credit score and make a decision accordingly, you will definitely stay away from putting yourself into a crisis. In order to play safe, one should know about the different types of installment loans and which type is best suited for your constraints. This article will help you to understand different types of installment loans online and how they work.
What is your understanding about an Installment Loan?
Installment loans are not rocket science to understand as a brief introduction is enough to clear your concept about them. They are a trouble-free form of money owing where you return the debt in regular intervals or parts (installments), e.g. monthly, bi-monthly, quarterly or annually. It is a general term that refers to both personal and commercial loans. A debt that has to be paid with a regular schedule is known as an installment loan. Each payment on an installment loan is consisting of two portions;
Repayment of the portion of a borrowed amount
Payment of the interest added on the borrowed amount
Both portions are determined by the length or the term of an installment loan that has been charged to the borrower by the lender.
Does every loan type falls into the Installment loan’s category?
Installment loans are usually used to consolidate other loans. These loans can be short-termed as well as long-termed. Loans can be taken to build credit, to make a big financial purchase or for a repayment of a pre-existing loan. Installment loans are suitable for persons with a low income because of the repayments. Most common types of loans that fall into the Installment Loan category are given below;
Student consolidation loan
Home equity loan
Personal installment loan
In order to finance the purchase of an old or a brand new car/vehicle, auto loans can be taken. They can be paid in intervals over the course of years. Lenders will give you an auto loan after authenticating your credit score from your bank. The latters are protected with a collateral down payment. The collateral loan will give a guarantee that a physical asset can be occupied by the lender in case of the borrower’s inability to repay on time. Term length for auto loans can vary between 24-48 months and can go outlying ranging from 72-84 months. Long termed installment plans lower the monthly payment, having a great add-on interest rate. Vehicles value will decrease as in auto loans consumers have to pay a 30-40% higher amount over the actual car cost. It is also known as an upside-down debt.
Before approaching a dealer, make sure you have done your research about the credit score. Also, do some research about the vehicle you are going to purchase keeping in mind the price range of different vehicles, the consistency, the insurance cost, the interest rate, etc.
Mortgages are used for property dealing. Home mortgages are popular among long-termed installment loans. Mortgages have greater amounts ranging from $100,000 or above. These amounts get repaid over the period of 20 to 40 years because of the added interest. Before seeking a mortgage consumers have to deposit down a payment of about 5-20 % of the total mortgage amount. Borrower’s financial background and credit score are reviewed by the lender to determine the interest rate on the mortgage.
Student consolidation loan
Student consolidation loans are issued to students to finance their pre-existing debts. Consolidation loans have fixed interest rates for the whole time span. There are two types of student consolidation loans, federal or private.
Can an installment loan really facilitate the reaching of my goal?
Yes, it is without a doubt. If you want to diversify your loan portfolio, an installment loan is the best to choose and apply for. If your borrowing history is consistent with a clear image, the lender will feel much comfier in lending money.
You may have noticed cryptocurrencies popping up in the news a lot more these days. One of the main reasons for this new interest is the sharp rise in price of Bitcoin and other cryptocurrencies, and naturally, people are intrigued by the possibility of making money out of it. But after a year of ups and downs in the world of cryptocurrency, it can be hard to know which one is worth investing.
A lot of big names worldwide accept Bitcoin and other cryptocurrencies in exchange for goods and services. Naturally, many iGaming companies have been quick to adapt to the new payment method as a lot of casinos now accept bitcoin at their front desks, restaurants and gift shops. So, if you’re looking for the best altcoins to invest in 2019 or want to diversify your cryptocurrency holdings, here’s a quick guide to the best cryptocurrencies to invest in in 2019.
Bitcoin Cash (BCH)
Bitcoin Cash provides lightning-fast and cheap transactions, making it one of the best cryptocurrencies on the market. Bitcoin Cash, founded in 2016, came about when the developer community of Bitcoin could not agree on changes required in Bitcoin’s code. The main aim behind Bitcoin Cash was to fix some of the existing problems of Bitcoin, especially its scalability and the price of transaction fees.
One of the greatest benefits of Bitcoin Cash is that transaction fees continue to stay low. In the last year, the median average for daily Bitcoin Cash user transaction fees has not risen above a penny. Bitcoin Cash transactions are also much faster than Bitcoin transactions, which is due to the increase in block size from 1 MB to 8MB.
Monero is a completely anonymous and untraceable cryptocurrency. Its main purpose is to facilitate private transactions and fungibility. Since its launch back in 2014, Monero has experienced a steady upward climb, making it a promising investment option for those looking to enter the cryptocurrency market.
The developers of Monero created this innovative cryptocurrency without setting aside any coins for themselves, instead relying solely on donations and the wider crypto community. Monero is currently priced at about $47.
Ripple, also known as XRP, is one of the largest cryptocurrencies on the market today. Ripple, founded in 2012, aims to make international transactions easy and cheap. Ripple is easy to use and provides an excellent solution for transferring money from one part of the globe to another in seconds. Despite XRP’s value at a lot less than Bitcoin, it is still the third-largest cryptocurrency on the market as its current value is at $0.324.
One of the many pros of Ripple is that it handles international transfers within seconds. As well as this, fees are considerably low compared to other cryptocurrencies. Ripple is completely open source and peer to peer as well as compatible with several other cryptocurrencies and exchanges, such as Litecoin, Bitcoin, the Japanese yen and U.S. dollars.
One downside is that Ripple is still somewhat centralized, with half of XRP coins owned by Ripple Labs, the company behind Ripple, which seems unusual for a crypto company as the main idea behind cryptocurrencies is decentralization.
Ripple draws in new users all the time, and not only that, but many banks all over the world have begun implementing Ripple’s blockchain technology. If you’re looking for a cryptocurrency to invest in that can offer you significant returns with minimal risk, Ripple might be the best option for you. At its current low price, Ripple gives a great deal of return on investment, and as they continue to add more and more clients, Ripple’s market capital will continue to rise.
Ethereum is the second-largest cryptocurrency with a market cap of $12 billion. Unlike Bitcoin, Ethereum is more than a digital currency and has a wide range of potential applications. According to Ethereum, you can use it to “codify, decentralize, secure and trade just about anything.” One of the best features of Ethereum is that it allows developers to build blockchain-based smart contracts.
Ethereum transactions carry out in seconds compared to Bitcoin’s minutes. The year 2018 was a big year for Ethereum as it grew by 13,000 percent in value, making it a solid investment for anyone looking to start investing in cryptocurrency.
Litecoin is one of the oldest cryptocurrencies and one of Bitcoin’s closest rivals. It started back in 2011 by ex-Google employee Charlie Lee with the aim of improving upon Bitcoin’s technology and increasing the speed of transaction times.
The Litecoin network processes a block every 2-3 minutes, whereas Bitcoin processes a block every 10 minutes. Litecoin was the first cryptocurrency to complete a Lightning Network transaction in under one second.
Litecoin and Bitcoin provide the same service of offering an alternative to fiat currencies, but the faster transaction times, thanks to Lightning Network, make Litecoin more scalable. Litecoin has been on the market for more than seven years and grown to become one of the biggest altcoins, and with more and more transactions every day, Litecoin expects to grow bigger. So, if you’re looking for a cryptocurrency to make some good profits in 2019, Litecoin could be worth a look.
Now you know the top cryptocurrencies that are out there on the market. If you’re looking for a solid investment choice in the altcoin space for 2019, you should consider the coins above. It’s hard to know what the future has in store for cryptocurrencies, but one thing we do know is that the popularity and value of cryptocurrencies is increasing.
Overseas Filipino workers are not exempt from financial difficulties. It could be a medical emergency, costly tuition fee or at times, delayed employment. First time overseas workers may also need placement fee or in some cases, show money. Whatever the reason, they can count on overseas Filipino loans.
Most lenders offer good loan programs for them for they can pay it considering their monthly income. These loans can even be conveniently availed through an online application. Check out some of the OFW financing products you can apply for at the comfort of your home.
Global Dominion Incorporated OFW Loan
Top of the list is Global Dominion Incorporated or commonly referred to as GDFI. Global Dominion offers two types of OFW loans, their standard OFW loan and the “Pinoy Abroad Loan” which is for those who want to apply out of the country. These loan products are offered to land and sea-based workers. Approval for the standard loan can be as fast as within 24 hours.
The maximum amount that can be borrowed is ₱250,000, but it will be computed based on the worker’s salary and guaranteed allowances. The minimum salary requirement for standard OFW loan is ₱20,000 and ₱35,000 for Pinoy Abroad Loan. The interest rate is 2.49% per month, and the term is up to 12 months.
The required documents to qualify for a loan includes:
Employment contract with POEA validation,
OEC or Overseas Employment Certificate
Proof of billing such as latest utility bills
Age must be 21 to 59, but borrowers 60 years and above can apply provided they have a special power of attorney.
Balikbayad solely offers personal loan for OFWs. The maximum amount that can be borrowed is equivalent to the applicant’s 2x monthly salary. They offer flexible payment terms of 3, 6 and 18 months for land-based workers and 3 and 8 months for seafarers. The maximum loan term is equal to the period of employment contract minus one month. For balik-manggagawa, it would be the remaining number of months in the current contract minus one month. Approval period can be as short as 24 hours after all the required documents were submitted. The monthly interest rate is at 4.99%. The required documents are similar with that of Global Dominion’s.
123 Lending Corporation offers OFW loans with current interest rates of 2.9% to 3.7%. The maximum amount to borrow depends on the worker’s income, but like Balikbayad, the typical amount is equal to 2X the monthly wage. Loan terms can be 6 or 12 months. The company can facilitate out of the country application as well. Once the required documents have been submitted, the final approval will be within 1 working day. The requirements for the applicant and co-maker are the same as the basic requirements for OFW loan application.
PJH Lending also offers OFW loans for balik manggagawa, direct hire or under agency workers. Within 24 hours, applicants can be approved for their loans provided they submit the necessary documents. Only one co-maker is required, and the first payment is after two months from the date the loan was received. Additionally, the co-maker is not required of any minimum income.
Maximum loan amount is up to ₱500,000. The interest rate is not specified on their website, but they boast of low-interest rates. Loan packages can be paid in 6 to 12 months. The company does not require collateral and advanced interest. For borrowers, the requirements include valid ID’s, passport, contract or offer letter for direct or under agency workers and OEC, visa and ticket for balik manggagawa. Others include the latest original electric bill, marriage contract if applicable and birth certificate. Co-borrowers are only required to submit valid ID’s, birth certificate, marriage certificate if married and the latest electric bill.
Zazu offers OFW financing that can serve as show money loan or other purposes if the applicant gets approved. They recognize the need of many Filipino workers for OFW placement loan for many of them lack the funds. The company can offer up to three times their salary as the maximum loanable amount with no cashout and advanced interest. It charges 4% interest rate per month, but no collateral is needed. Terms of payment are from 6 to 12 months. Payments can be processed through cash, post-dated check or door-to-door remittance. Payment can start after 60 days from the date the loan was released. Once all requirements are submitted, approval may take about 24 hours. Co-borrowers are required to have a residence of their own.
What to Expect When Applying for OFW Loans
Typically, lenders need to validate the requirements that applicants submit to verify legitimacy. Borrowers will also be background checked within 24 hours, for the lender to see any record of delinquency regarding loans.
The applicant will be notified immediately once the loan is approved. The company will assist the borrower in opening a checking account, which will be used for payment. But for cases such as with Global Dominion, no PDC or post-dated cheque is required. All the procedures and obligations will be explained upon signing of the agreement.
Finally, the loan will be released, which is usually in full since most lenders do not charge advanced interests.
How to Increase the Chances of Getting the Loan Approved
When applying for a loan, it is best to prepare the necessary documents right away. Find a qualified co-maker by checking the lender’s qualifications. It is best to borrow an amount that is within their amount of salary. If there are no negative records for money or loan related issues, there is a higher chance for the loan to be approved.
Applicants can expect faster processing when all documents are submitted and that all the information they provide are true and correct. It helps to compare OFW loan offers from various lenders as well.
MAXIMUM LOANABLE AMOUNT
TERMS OF PAYMENT
Global Dominion, Inc.
2X the monthly salary
Up to 12 months
2X the monthly salary
3,6,18 months – land based 3 and 8 months – seafarers
Have you ever heard the phrase “sharpen the saw” from Stephen Covey’s book The 7 Habits of Highly Effective People? Well, the best way to sharpen the saw is to continue growing and never stop learning.
When we talk about becoming financially literate, its imperative to invest in knowledge. It’s actually the first step before you make any financial decisions and investing your hard-earned money.
Investment in knowledge comes in the form of attending related seminars and workshops, having great financial coaches or mentors, and reading a lot of books. In fact, successful people like Warren Buffet reportedly spends about 80 percent of his day reading, Bill Gates reads about 50 books per year, which breaks down to one per week, and Oprah Winfrey selects one of her favorite books every month for her Book Club members to read and discuss.
Successful people tend to choose educational books and publications over novels, tabloids, and magazines. In other words, reading books is one way to sharpen the saw.
When was the last time you sharpened your axe? If you want to improve in terms of financial management, let me share with you the reasons why you should read my latest book “OMG! OFW’s Money is Gone: Practical Tips On How to Be Wise With Your Hard-earned Money.”
1. OMG book is practical and easy to understand
OMG discusses some of the personal and real-life stories of many OFWs. In addition, I have included my financial journey before and after coming to work in Thailand to inspire the readers. My financial struggle will be an inspiration for you not to give up your dreams and help your loved ones.
2. OMG book presents the life and challenges of many ordinary OFWs
OFWs have been considered as modern day hero because of their commitment and dedication to help the family. In this book, I have discussed the challenges and financial condition of many OFWs such as not being unprepared for emergency situations, debt, investment opportunities, retirement, and many more.
3. OMG book offers tons of information about improving your finances
The struggle is real in terms of money management. Because the cost of financial ignorance is quite high, financial education is important to improve the quality of one‘s life. The tips I have offered in the book are quite practical and easy to understand. Although written primarily for OFWs, the book is definitely worthy to read even if you are not an OFW.
4. Highly recommended by best-selling authors in personal finance
Bro. Bo Sanchez and Fitz Villafuerte are just a few example of personal finance experts and best selling author in the Philippines. Before you read my book, they were the first who read my manuscript. This is what they say:
“This book is both an educational and heartwarming read. Through his own life story, Jun will tell you all about thefinancial struggles of an OFW; and how he was able to overcome them with the right mindset, proper financial education, and unwavering faith in God.” —Fitz Villafuerte,Registered Financial Planner
“This amazing book has everything you need to change your financial life.” — Bo Sanchez, Best-selling Author
“In this book, Jun Amparo generously shares his knowledge and experiences in the hope of helping his fellow OFWs become good stewards of money.” — Rose Fres Fausto FQ Mom, Author and Speaker
“Insightful and informative — a must read for every OFW who doesn’t want to be an OFW forever.” — Karl Kaufman Editor, GMA News Online Pinoy Abroad
“JUN writes from his heart. This is an important element in this book. Most personal finance books are for general audiences, this one is written for the millions of Overseas Filipino Heroes. I entreat you to journey with Jun in learning and unlearning traits and habits in regard to making your purpose as an OFW a fruitful one. This journey will also make you a responsible steward of God’s blessings for more to come.” — Dr. Alvin Ang Professor of Economics, Ateneo De Manila University
In addition,some OFWs from different countries like Japan, Qatar, Canada, Israel, Turkey, Saudi Arabia, and the U.S. have read the OMG book.
5. OMG book presents Christian approach to money management
What makes the OMG book unique compared with other personal finance books have to offer? The answer is I have emphasized trusting God’s providence. Why? I believe it’s essential to recognize God as the Source of all blessings we received.
Jun Amparo is a personal finance advocate and founder of Richly Blessed Today. He is an OFW currently working as a school counselor in an international school in Thailand. He is the author of “OMG! OFW’s Money is Gone: Practical Tips on How to Be Wise with Your Hard-earned Money.” To get a copy of his book, please visit his blog, www.richlyblessedtoday.com
Running a business, buying a house or need funds for education? There are numerous reasons why we opt for a loan. Bank offers a variety of loans including, house, personal, car and more. However, getting your loans approved can sometimes be an exhausting task. Rounds of meeting with your bank and loads of documentation, yet no luck? No worries, here is what you are missing when applying for a loan.
Type of loan you need
It is crucial for you to understand the kind of loan you are looking for. If it is a secured (loan against property) or unsecured (on credit scores) loan you want. Home loan, education loan, mortgage and business loan, there are several such loan options available with the banks. Be sure of the nature of the loan you are asking for and prepare accordingly.
Can you pay back?
Banks provide loans to individuals who have financial stability as oppose to someone who is already in a lot of debt. It is important for you to review your current financial situation and your ability to pay back. Especially in cases of secured personal loans as the inability to pay back can lead to loss of collaterals.
Choosing the bank
List of banks providing loans are never ending. You might just get a little too confused with which bank to go with. For situations like these, there are websites like Bankbazaar.sg in Singapore, Finder in US and Rate City in Australia. They provide a list of banks segregated in categories of interest rates, benefits, and tenure. Choose the bank that offers the best deals in your loan category.
Don’t waste a minute; know your eligibility before applying for a loan. No document or bank can help you if you are not eligible for a loan. There are websites that inform you about your eligibility for free, all you gotta do is put down some initial details. So, before you commence get your eligibility checked.
Get your documents ready
Do you have all the necessary documents in place? List of documents depending on the type of loan you opt for. Call your bank to know all the documents required for your loan type. General documents included
Property proof (For secured loans)
The list can go on and on. Get your documents verified and lined up before you move ahead.
Do you really need a loan?
This doesn’t really support the issue. However, you’ll need to know if you really need a loan? Are there alternative steps you can take over applying for a loan like borrowing money from friends or family? Consider other options before finalizing.
Everything in place? Your loan will be approved in no time. Verified documents, good credit score, and eligibility are some of the initial steps you take to further the borrowing process. Taking loans requires planning, look ahead into the future example- if you plan on taking a home loan in the future start building a strong financial profile from today.
Payday advances are momentary unbound credits intended to enable you to pay for unforeseen costs that emerge between your paychecks. They’re designated “payday advances” as they’re intended to be reimbursed on your next payday. Driving around Los Angeles, CA, you essentially observe payday loaning stores everywhere. Their fame for LA occupants is no doubt because of the way that they are definitely more available than different sorts of advances. The availability of payday advances in Los Angeles, alongside the capacity to move over your advances on the off chance that you can’t bear to make your reimbursements when they’re expected, implies that there could be a danger of getting caught in a cycle of obligation. Shrouded charges and punishments can likewise build the expense of these credits and make it increasingly troublesome for you to reimburse your obligation in full and on time.
Online Casino Sites in the Philippines
On the off chance that you approach card sharks where they search for the Philippines acknowledged online casino, you’ll hear two or three unique answers. Some of them are seeking on the point related discussions and read the online Casinos audits everywhere throughout the web. The other depends on their increasingly experienced companions and approach them for exhortation. Both of these ways may lead you to the best Philippines top online Casinos, however, they additionally may not. With such a large number of Philippines amicable online Casino available, it’s anything but difficult to lurch into a not very great one which can prompt disillusionment, best case scenario and cheats even under the least favorable conditions.
In the out extremely humble assessment, the most straightforward approach to locate the best Philippines top online Casinos is to pick one from the SlotsUp rundown of the best Philippines top online Casinos. What’s more, on the off chance that you inquire as to why here are the primary reasons:
We list just the most secure and the most solid Philippines top online Casinos on the web. All Philippines top online Casinos in our rundown is authorized by the notable global betting commissions that support the decency and the high caliber of the clubhouse. You can pick any irregular Filipino Online Casinos from the rundown and make sure you’ll get your rewards and the most ideal betting background. The individuals who dependably need to twofold check the data can discover all the permitting data in the Casinos’ sites.
LendUp is unique in relation to other California payday advance moneylenders in that we endeavor to make the terms of our payday advances in Los Angeles, CA, clear and reasonable. We have no shrouded charges or rollovers which implies that you won’t get caught in a ceaseless cycle of obligation with us. We structured the LendUp Step that is accessible to California inhabitants. It’s a based prizes program, to enable you to win focuses to in the end get to higher advance sums at lower loan fees for longer timeframes. At higher focuses in our stepping stool, you may even fit the bill for credit-announcing portion advances.
As you reimburse your present moment LendUp credit, you’ll procure focuses and advance up the Stepping stool. You can likewise gain focuses by:
Selecting in our free online courses: Each course comprises of a short video pursued by a test. You’ll win 125 points for each course you finish. When you’ve finished your initial six courses, you’ll get 250 extra focuses.
Alluding your companions to us: If your referral applies for a line of credit with us, you’ll both get 500 points on the Step, for up to 2500 extra focuses for a referral.
How would I apply for a payday credit in Los Angeles with us?
Dissimilar to standard payday credit stores, where you have to drive through blocked Los Angeles movement to and hold up in line to address a client benefit individual, , the application procedure for a LendUp advance should take no longer than five minutes to finish online from your cell phone or PC 24 hours every day, 7 days seven days. You’ll get a moment credit choice when you’ve presented your application.
In case you’re affirmed for a credit before 5 pm on a business day, we’ll exchange your assets to your financial records the following business day. Utilizing conventional payday credit stores, or even pawn shops can be a badly designed and tedious process, particularly in the event that you have startling bills to pay. Luckily, there are better, quicker approaches to loan that don’t require holding up in rush hour gridlock and can even reward your positive reimbursement history to access to better rates after some time. You can even begin on your way to budgetary wellbeing as right on time as today.
Apply for a credit online with LendUp, and if your advance is submitted before 5 p.m. PT on a weekday, you’ll normally have cash in your record by the following business day. See lendup for more subtleties