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.
Pawn shops in the Philippines provide a wide range of financial services to Filipinos, including providing loans, processing money remittances, and accepting bills payment, among others. Thus, it shouldn’t surprise you that they can also help you pawn your car in case of emergency fiscal situations. But how does this system work? Read on below to find out!
Make Sure You’re Qualified First
You need three things in order for your vehicle to qualify for pawning. First, your car must not be under any mortgage plans, and it must be fully paid or owned. Second, in case the vehicle is not yet fully paid, it must be paid at least a certain percentage of its selling price or its fair market value. This would depend on the initial down payment the owner made, and it’s usually one of the mechanics found in car loan programs. Third, in case the car to be pawned is secondhand, it must be fully paid or owned. However, it can still be pawned even if it’s not yet in the name of the current owner. In this case, though, additional documents may be required.
Get All the Necessary Documents
Documentary requirements for car pawn shops vary to a certain degree. However, most of the paperwork they’ll need from you are generally the same. These include the latest copy of your car’s OR and CR, at least two valid IDs, your most recent proof of billing, your Tax Identification Number (TIN), and a documented source of your income. But to make sure you have all the necessary files and documents, better visit the pawn shop where you’re planning to trade your vehicle and ask them yourself.
Proceed to Pawning Your Car
Once you’re certain that you and your car is qualified, and once you have all the vital files and documents in order, you can proceed to going to your preferred pawn shop and trading your car for cash. Now while most applications get approved, you can still increase your chances by meeting a few criteria. These include having a high credit score, having a stable job with a steady income, and having an active bank account, among others. Though it’s not always the case, these factors are known to accelerate pawn and loan approvals.
Through pawn shops, Pinoys can temporarily trade their vehicles (be they cars, vans, or trucks) for urgent cash. So if you find yourself in dire need of monetary assistance and you have an extra automobile lying around unused, you now know where to go.
Are you planning to buy a used car? Then better go over the things you need to look for in a vehicle before visiting your local dealership. That way, you can save money and get a great bargain. Read more about some of these things down below.
Look at the Underbody
A vehicle’s underbody is home to many important components. Thus, you need to thoroughly check the bottom of the secondhand car you intend to buy. Ask the seller if you can have the automobile lifted by a local car maintenance center (in case they don’t have their own service lift) so you can look what’s underneath it and detect any damaged or rusty components.
Inspect the Pedals and Pads
The state of the pads on your target car’s brakes, gas pedals, and clutches will show how much it has been used before it was taken to the dealership. Vehicles with low mileage tend to have relatively unused and fresh rubber of the pedals, while those that have prolonged exposure on the road would most likely have worn out pads.
Probe the Engine Bay
Next you need to have the car’s hood raised up so you can thoroughly check what’s inside the engine compartment. If it’s shiny and doesn’t show anything suspicious, then it’s good to go. This bit of advice should be taken with a grain of salt, though, since a dusty and dirty engine bay doesn’t necessarily point out that a vehicle is problematic. You would do better to watch out for corrosive parts (i.e., batteries, hoses and wires) instead.
Check the Floor Mats
Many car buyers don’t pay too much attention to floor mats when inspecting their target’s interiors. Still, it’s important that you do so; doing so would help you find any moist or wet spots inside the car, which could lead to trouble in the future. And it can help you make sure that the vehicle is hygienic and clean before you proceed with the purchase.
Complete the Paperwork
Lastly, you need to make sure that the documents related to your target car are all in order and close at hand. Having these papers are vital if you want to know the previous maintenance issues the vehicle had prior to being put on the dealership. And it will also help you determine how many people previously owned the car before being sold in the market.
Buying a secondhand vehicle is a wise course of action for people who need cars but wants to save money while getting it. By taking note of the things listed above, you can rest assured that you’ll be able to acquire the best albeit pre-owned automobile available.
Do you always have a hard time identifying the best gift for your mom during Mother’s Day? No gift could compensate the love your mom gave you after all. Still, if you want to give your best girl something but have 0% idea on the what part, below are Mother’s Day gift suggestions you and your mom might like.
Does your mom like yoga? If so, then a yoga mat would make an excellent gift for her come Mother’s Day. Not only would a personal yoga mat allow her to do her poses without worrying about using the communal mats her studio provides, but it would also let her make her yoga moves in style (just pick the mat with the right colors and design). Plus, there are smart yoga mats available these days that can self-roll.
Personalized Bar Necklace
Have a bar necklace be custom-made for your mom, and make sure it’s inscribed with something that would let her know how important she is in your life. The inscription can either be her favorite quote, the name of a place where you two had your best moments or even the names of each of her children (complete with date of births).
Your mom deserves a good night’s sleep so she can wake up refreshed and ready to go the next day. By getting her a silky satin pillowcase, you’ll be able to ensure she gets that and more. Satins look and feel smooth and soft, and they’re suitable for people with sensitive skin and hair. By encasing your pillow with such a fabric, your mom would be able to get a good sleep and have a healthy complexion afterward.
Queen Anne Recipe File Box
Is your mom a terrific cook? Does she tend to write down her secret recipes? If so, then a recipe file box might just be the gift you need to buy her. And while you’re at it, you might as well get her the Queen Anne Recipe File Box. Made from tin and inspired with black and gold color and design, this box comes with 12 dividers and 14 recipe cards, and it can become a family heirloom.
Get These Items
Finding the right Mother’s Day gift for your mom can be a tricky business. Luckily for you, the items listed above are sure to make your mom’s day extra special. So if you still haven’t bought her anything yet, you might as well get one of these gift suggestions.
Enrolling in a driving school to learn the how-to’s and what-not’s of driving is not such a bad idea. Not only will you be taken under the wing of expert professional drivers, but you’ll also be properly equipped with the knowledge necessary to stay safe while on the road. Still, there are lots of things not taught in driving school, some of which are essential for you to become a good motorist in your own right. Check out a few of them below.
Lower Rear-view Mirror at Night
In case you haven’t noticed it, most rear-view mirrors installed on cars have day-mode and night-mode features. To switch it to night mode, simply pull down the lever underneath the mirror. The angle changes would then enable it to accommodate you on your night drives. To turn it back to day mode, just pull the lever up again.
Sit Correctly Behind the Wheel
Most driving schools and even some car insurance policies implore drivers to wear seat belts while driving. What they don’t tell motorists, however, is that sitting properly behind the steering wheel is also important. Not only does it allow you to see properly while the car is moving, but it also enables you to stay as comfortable and as alert as possible.
Beam Up If Your Car Won’t Start
Say your in a situation where your car won’t start. Before calling your trusty auto shop and ask them to help out, try turning your rides’ high beam up first. This will help heat up your car battery, which could be the reason why your vehicle won’t start especially if the weather is cold in recent days. Only call your mechanic if your car still won’t rev up after you did this.
Dry Your Brakes If It Got Wet
No matter how careful a driver you are, chances are you’ll run through a puddle every now and then, getting your brakes wet in the process. In case this happens, simply press your car’s gas pedal repeatedly. Not only would this dry your brakes up, but it will also help you keep your car’s ignition system from getting clogged accidentally with water.
Don’t Use Hand Brakes in Cold Weather
Regularly using hand brakes to slow down or stop your vehicle is alright, especially since lack of use can leave it more worn out as time passes. However, you should avoid raising up your hand brakes if you’re driving in cold weather conditions. Cold temperatures can leave hand brakes brittle, which would increase the chances of it breaking down on you the more you use it on your cruise.
You may learn a lot of things in driving school, but being a good driver requires you don’t stop learning about life on the road. So don’t stop learning the dos and don’ts of driving. Educate yourself continually, and keep honing your mad driving moves.
Buying a new or secondhand car may seem easy, but it’s not. In fact, you have to think about a variety of factors before you even get to the final decision stage. One mistake and you could end up splurging your hard-earned bucks on a mediocre bargain. So to help you make your car buying process simpler, below are tips you can follow.
Have a Definite Budget
The first thing you need to do to get a good car deal is making sure your bank account is ready for the purchase. If you think you have enough money, then buy a car now. Otherwise, you need to explore other ways to acquire a vehicle (i.e., getting a car loan, checking promos, etc.).
Know the Car You Want
Next, you need to find a car that would meet your standards and needs. And the best way you can do this is by making a checklist of things you’re looking for in an automobile. Are you looking for a fuel-efficient vehicle? Do you want a family-friendly car? Do you prefer diesel-powered or petrol-powered? These are just some of the questions you need to answer.
Do Your Homework
Once you have already picked the car you want, you need to know as much as you can about it. That means doing extensive research on your vehicle of choice, as well as reading reviews experts and other people made about it. Doing so would not only widen your perspective about the automobile in question but also help you make a better decision during the purchase.
Take It for a Test Drive
It’s always a good idea to test a car out first before paying for it. That way, you’ll be able to know for sure if the vehicle is fully functional as well as assess if it will really suit your needs and preferences. Plus, it’s fun taking a car out for a spin during the purchase!
Talk to a Trusted Sales Agent
And last but not least, you need to talk things through with a credible car sales agent. Asking assistance from a reliable car dealer can help smooth the entire transaction. And that’s not to mention that they can help you find the best promos and bargains available.
There are two kinds of car buyers in the world: those who pay the full price for a vehicle and those who don’t. Be the latter type by following the tips listed above.
People usually think about giving their moms gifts come Mother’s Day. And sure, most moms would always appreciate a thoughtful present. But Mother’s Day is more than just about giving material things to the first lady in your life. In fact, there are other ways you can explore to show your mom how important she is. Some of them are listed below, in case you’re interested.
Accompany Her to the Market
As your mom probably knows, there’s nothing like waking up before sunrise and going to the local market to grab some fresh produce. So if you’re up for it, go with her on her next market trip this Mom’s Day. Who knows, both of you might even discover new favorites!
Netflix and Chill
Watching a few episodes on your favorite Netflix shows is a terrific way for you and mom to unwind. So in case neither of you plan to spend Mother’s Day outside, then best go Netflix-and-Chill mode from the comforts of your living room. And since Netflix has a line of new shows, you can rest assured that you’ll be entertained.
Mother’s Day is never a wrong time to enjoy a delicious brunch with your mom. You can treat her to one of her favorite places, or you can cook at home. It’s your choice. Either way, you and your mother would be able to spend quality time together as well as satisfy both your cravings.
Go Road tripping
Or you can grab your keys, get in your car with mom, and go on a road trip on Mom’s Day. Take her to the places she’s always wanted to go but never had time to, or you can go to destinations neither of you has been to before. And you might as well enjoy the time with each other along the way and listen (and sing along) to some of your mom’s favorite songs.
Take a Cooking Class
Your mom may be a great culinary artist and all, but that doesn’t mean she won’t like it when you take her to a cooking class to learn new dishes and techniques. So better enroll in a cooking school with your mom for Mother’s Day and have an awesome culinary and gastronomic experience.
Spend Time With Your Mom
The greatest gift you can give your mom on Mother’s Day is the quality time you spend with her. So if you want to enjoy a Mom’s Day that’s as perfect as you can have it be, best do the quirky ideas listed above.
Summer classes come with different vibes compared with the days of a normal school year. Aside from the warmer weather, you also need to deal with a more limited timetable to meet all your academic requirements. Thus, if you’re a medical student and you want to thrive in your new summer routine, it’s critical that you create a strategy that will help you survive the summer semester. And below are ways you can do that and more.
Having goals can help you cope with your summer classes better. A study even observed that medical students who first reflected on their goals while preparing for an exam tend to get higher marks than those who didn’t. Thus, if you want to survive this summer semester, you need to set some goals.
Medical student or no, you need good note-taking skills if you want to succeed in your academic career. Not only does doing so help you keep track of all the information you’re covering each lesson, but it will also enable you to retain that information better. Note-taking is particularly important during the summer semester, since classes for that period operate on a more compressed schedule.
Sync Your Calendar
Aside from being on a compressed schedule, summer classes also operate on a more accelerated pace. Thus, you need to sync your school calendar accordingly if you want to survive and thrive in the summer semester. That means reading your syllabus carefully, marking test dates and major deadlines, and including work shifts in a clinic, extracurricular activities and fun stuff (if any).
Form or Join a Study Group
Go alone if you want to go fast, but go together if you want to go far. This saying applies to life in general, but it can also be applied in medical school. By forming or joining a study group during the summer semester, you’ll increase your chances of surviving your classes. Plus, the summer semester is a great time to make new friends, since there would be fewer people in the campus.
Take a Break
Taking a break is just as important as studying hard during the summer semester. Not only does it help you relax and relieve stress after a hard day’s work, but it can also help you become more productive and motivated afterward. Plus, it helps you minimize FOMO or the fear of missing out of your friends’ fun.
Slay Your Studies
Being a medical student is challenging, especially if you’re finishing internship at a medical startup or you need to catch up your academics during the summer. By following the pointers listed above, though, you’ll be able to slay your studies even during the hot season.
Despite the countless scientific breakthroughs we’ve made through the years, we humans still have a lot to learn about our universe and in or bodies. This is especially true in regards to the latter; to this day, doctors still encounter various weird medical cases that would leave normal people like us either squirming or wowing. Read on if you want to know some of these cases.
Fishbone in Eyeball
Getting a fishbone stuck in your eye is one definite way to ruin your day at the beach. And that’s exactly what happened to a 52-year-old tourist visiting the Red Sea in 2015. The guy was swimming in the sea when he collided with a school of fish, developing a swollen and droopy eyelid not long after. During the subsequent corrective surgery, the doctor also removed “two tubular structures” from the man’s eye, which turned out to be jawbones of a halfbeak fish. Apparently, the fishbones were the ones causing all the trouble!
Soy Sauce Overdose
Some time ago, a 19-year-old man from Virginia was hospitalized after drinking half a quart of soy sauce on a dare. He was in a coma for three days. Apparently, the amount of soy sauce he dunked was too much for his brain to handle; the sauce’s sodium levels cased his brain to be dehydrated, causing bleeding among other things. Doctors has to pump in around 5.7 liters of sugar water just to normalize his body’s sodium levels. And fortunately, he managed to recover without any long-term neurological effects.
Too much of a good thing can be bad for you, and that’s what a young man from Germany learned the hard way. Immensely enjoying his Sudoku puzzles, he suddenly began having seizures. Apparently, the man was an avid Sudoku fan all his life, even solving puzzles when he was trapped in an avalanche during a ski trip. Though he was eventually rescued, he was later diagnosed with hypoxia, a condition that causes his body to have muscle twitches. And whenever he’s playing Sudoku afterwards, the seizures would start.
Hepatitis from Tea
Green tea is supposed to be good for the health. Unfortunately, that’s not the case for a 16-year-old girl from the UK, who started showing signs of hepatitis after drinking around three cups of green tea a day for three months. The girl ordered the tea online, and most of the ingredients are Chinese. And although the doctors from her clinic didn’t analyze the tea further, they advised the girl to stop consuming it, and her condition improved afterward.
The examples above are just a few of the most bizarre medical cases doctors face today. And whether it occurs in the hospital or in a simple medical startup, these situations make a very interesting albeit weird medical studies.
Sea-based OFWs need insurance or premiums just as much as the rest of us do. There are even moments when they need it more. Not only do they have to endure with homesickness (and sometimes loneliness) while working abroad, but many of them also have jobs that entail one form of danger or another. But if you still can’t see the point in getting insured, below are reasons to convince you otherwise.
Your Family Needs Financial Protection
Let’s get the most important reason out of the way, shall we? Most OFW families rely significantly on the remittances sent by their breadwinner. So imagine how much they’ll suffer should anything unexpected and unfortunate happen to you. By paying for quality premiums, however, you’ll be able to guarantee your loved ones’ financial safety even if you’re incapacitated or you experience an untimely demise.
Many Overseas Jobs are Dangerous
Though it’s not always the case, working abroad can leave you prone to various job hazards. And this isn’t just true for Pinoy seafarers, but for OFWs who are working land-based jobs as well. If unchecked, it would eventually lead to an unhealthy lifestyle, which can increase your chances of getting hospitalized and crippling your finances. By getting a good life insurance, you’ll be able to cover any expenses necessary to keep you safe and healthy while out of the country.
Philippine Recruitment Agencies Require It
According to the Migrant Workers and Overseas Filipinos Act (Republic Act 10022), recruitment agencies require everyone wishing to work overseas to get compulsory OFW life insurance before they get deployed. To put it simply, if you’re not paying premiums, no recruitment agency would consider sending you off abroad.
It’s an Opportunity to Grow Your Money
These days, financial institutions offer VULs. VUL or Variable Universal Life Insurance is a permanent life insurance policy that has a built-in savings component. In other words, it acts both as an insurance program and as an investment tool. By investing in VULs, you’ll not just get yourself insured, but you’ll also grow your money.
It Increases Your Chances When Getting a Loan
Lastly, having insurance increases the likelihood of your loan application getting approved. Many financial institutions look at a loan applicant’s credit score when considering their application. However, some also have a knack for checking whether or not they’re insured, since for some reason, they believe insured individuals are more financially trustworthy than those who don’t have premiums.
While not every OFW will find themselves in life-threatening situations, it still pays for our kababayans to have insurance. By paying premiums, you’ll be able to provide yourself and your family a nice financial safety net in case the worst happens.
Everyone deserves a break at one point or another, and doctors are no exception. But while the whole point of going on vacation is to unwind and relieve stress, many medical practitioners find themselves facing this or that situation, spoiling their holiday and leaving them even more worked up afterwards. So if you want to avoid these pitfalls, then best follow the rules laid out below.
Let Someone Else Plan
Most people (medical practitioners included) love going D-I-Y mode when it comes to vacation plans and itineraries. But if you want to maximize your much-deserved holiday, it would be better if you just let someone else make the plans. Either you leave it with someone who’ll go with you on your escapade, or you ask help from a travel agent.
Suggest an Underrated Destination
If you’re okay navigating in and around large groups of people, then you’re going to do fine in popular and prime tourist spots. But if you’re the type of doctor who doesn’t like being around large crowds and waiting in long lines, then best go for a tourist destination that’s a little bit off the radar.
Don’t Pack Too Much
Pack lightly for your holiday. Doing so will not only fee you of the trouble of having to carry excess baggage, but it will also save you your hard-earned doctor’s money. Plus, it takes you off the radar of people who might want to take your stuff and money from you. So for starters, the best way to lessen your load is to make a list and stick with it.
Be in Sync with Your Companions
Going on a solo vacation may be easy, but a holiday with companions is quite another story. If you’re going for the latter, it’s best if you and your companions are in sync with each other. That way, you’ll be able to enjoy each other’s company, and there won’t be any conflict regarding which place to visit or what activity to do first.
Lastly, disconnect yourself from your work and your electronic devices for the duration of your vacation. Leave your medical startup and patients with another medical practitioner who can cover for you. And only open your phone or laptop for emergency calls and emails. That way, you can maximize your holiday.
Follow These Rules
Going on vacation can be stressing for doctors if not taken seriously. By following the rules listed above, however, you’ll be able to maximize your holiday and get that relaxation and relief you surely need.