Negotiate Your Way To Lower Credit Card APR's!
By James Dimmitt
I have three major credit card accounts that I've had for many
years. The other night I was reconciling my monthly statements
and noticed a large discrepancy in the APR's (annual percentage
rate) I was paying on these three accounts.
My first card, card "A", has an APR of 8.9%; card "B" has an
APR of 9.9%; and card "C" has an APR of 17.9% -Ouch ! I knew I
had to see what I could do about this"out of range" interest
rate on card "C". So I considered a couple of options.
One choice would be to transfer or switch the balance on card
"C" to a new card with a lower APR. This would be very easy
to do since I had received several pre-approved credit card
offers earlier in the week. They included "convenience checks"
that I could use to payoff that high APR credit card, thereby
transferring that balance to a new account.
I decided against this option however because I didn't really
want to add another account to my credit profile. Your credit
score, that "magic number" that establishes your
credit-worthiness to merchants can be affected negatively by
having too many accounts.
So instead I decided to contact the issuer of credit card "C"
to see what they could do about that 17.9% APR which seemed so
out of line with my two other credit card accounts. I reasoned
this was the better of the two options before me since I've
already established a relationship with this company; a
relationship which included many years of on-time payments
which reflects positively in my credit profile with the credit
bureaus.
I called the 800 number and talked to a very a nice gentleman.
I explained to him the reason for my call; two other credit card
issuers offered me a much more reasonable interest rate and so
I'd like to see what his company could offer to me.
I wasn't surprised when he replied that he could lower my
current rate from 17.9% to 15.9%. Since the credit card
company makes a profit from the interest rate they charge I
didn't expect to be offered the best or lowest rate right off
the bat. I prepared myself to have to do a little negotiating.
And so I reminded him that my account was in goodstanding and
had been for many years now. I had not made any late payments
and always made more thanthe minimum payment due.
Again he informed me that the best he could offer was a rate of
15.9% that would be good until August 2003. So now not only
was I not feeling like I was getting a very good deal but this
new rate would only be a "promotional" rate !
I remained calm and friendly, knowing that yelling at him or
telling him what a "lousy" company he worked for would be
counterproductive to my end goal - a lower and better APR for
this account. I thaned him for his time but told him I didn't
feel this was a very good offer.
And then the "magic" happened. He asked if I would like to
speak to an account manager and that perhaps they could better
assist me. I thanked him for his time and assistance and was
then transferred to an account manager.
I explained my dilemma to her and reasoned with her that as a
good customer I expected a much better rate. She empathized
with me and then offered to upgrade my account to their
platinum status which carried an APR of 9.9% ! In addition,
the platinum card offered many more benefits and had no annual
fee. She also assured me that this was a "contract rate" and
not a promotional rate. I would keep the same account number
so I would not be opening a "new" account but simply upgrading
my current account status.
Next time you are reconciling your monthly statements take a
close look at the various APR's you are paying. If you notice
a disparity in the rates you are paying, call your card issuers
to negotiate a better rate. My persistence paid off. Be
persistent - it can pay off for you too!
About the Author: © 2005,
http://www.yourfreecreditreportnow.com Author: James H. Dimmitt
James is editor of “To Your Credit” a FREE weekly newsletter
focusing on managing your personal finances and credit.
Subscribe and get a FREE copy of your credit report when you
visit: http://www.yourfreecreditreportnow.com
Source: http://www.isnare.com
Monday, April 30, 2007
Saturday, April 28, 2007
Landline Credit Card Equipment
Boosting Your Credit Score To Get The Best Credit Card Deal
By Ethan Hunter
Making Your Credit Rating Work For You
One of the basics of getting the most competitive credit card
deal in the market is to ensure you have the best credit record
possible. Few of us are lucky enough to be earning a six-figure
salary, and many people are likely to have other financial
undertakings that a potential lender will want to take into
account. None of this, however, should preclude you from
getting a top bracket credit rating. Getting a credit score of
700+ may be beyond some consumers, but lifting your credit
rating to a point at which lenders will furnish you with some
of their best deals is not an insurmountable task.
It can be a stressful time applying for a new line of credit.
Many consumers get upset when applying for a new credit card
when they find out their credit score is low, and they have
poor credit.
A lower credit score can impact the amount of money that
financial institutions will lend you. It can also impact on the
rate of interest at which you borrow. In some cases, the
difference between having an excellent credit rating and a poor
one could be getting a 0% deal on your credit card, and paying
an APR that touches 30%. Sometimes financial institutions won’t
even lend you a dime, based on a low credit score.
A variety of factors can impact on your credit score. Generally
speaking, lenders love stability more than anything else. Paying
amounts owed on time is but one of many variables. It could be
that you’ve lived in more than one address over the preceding
three years; or having borrowings with a variety of
institutions. It could even be down to the fact that you’ve got
too much credit already at your disposal.
But just what goes into your credit score? A report by the
analytics experts Fair Issac recently broke credit scoring down
into five categories and assessed their importance on the final
rating.
Most important was how you had paid you bills in the past with
the most emphasis on recent activity. Naturally, paying all
your bills on time is good; paying them consistently late is
bad. Having accounts that were sent to collection agencies is
even worse, though nowhere near as bad as declaring bankruptcy.
Paying your bills in a timely and consistent manner contributed
to 35 percent of the score.
Next most important was the amount of money you owe and the
amount of available credit at your disposal. The assessment of
outstanding debt fell into several categories, and included
credit cards, car loans, mortgages, home equity lines, and so
on. Also given consideration was the total amount of credit
available. If a customer has 10 credit cards that each have
$10,000 credit limits, that totals $100,000 of available
credit. Generally speaking, people who have a lot of credit
available tend to use it. This makes them a less attractive
credit risk. This amounts to 30 per cent of the total credit
score.
Also impacting on credit scores is the length of credit history
(15 percent). The longer a customer has had credit –
particularly if it's with the same financial institution – the
more points they get.
The mix of credit contributes 10 percent to the credit score.
Customers with the best scores have a mix of both revolving
credit, such as credit cards, and installment credit, such as
mortgages and car loans. Statistically, consumers with a richer
variety of experiences are better credit risks. As far as banks
and credit card companies are concerned, they know how to
handle money.
The last important factor taken into consideration is new
credit applications (10 percent). If you’ve applied for several
lines of credit in the past few months this will negatively
impact your credit score.
The antidotes to this are simple. Pay your bills in a timely
manner, particularly in the months leading up to an
application. Close unused retail store cards, credit cards and
old bank accounts with overdraft facilities. Maintain
long-standing and healthy arrangements with banks and other
lenders. Don’t apply for a stack of credit cards, loans and so
on, unless you’re absolutely sure it’s the right product for
you. It goes without saying that you shouldn’t apply for a
credit line unless you use it.
There’s a sixth factor that can contribute enormously to a
negative credit rating. In 2001 it became possible for
customers to get their own credit score in exchange for a small
fee. In the past, prospective lenders were able to keep this
score hidden, and many unscrupulous institutions used this
knowledge to charge a higher APR on credit. By being aware of
your credit score lenders can't lie and say your score was low
and charge higher APR on your credit card.
More importantly, it’s vital that you get rid of black marks on
your credit rating. Errors unfortunately happen all the time,
and erroneous reports of missed payments, referrals to debt
collectors and even bankruptcies can scupper your chances of
getting a low rate of interest and even a credit card
altogether. Query everything and haggle with credit reference
agencies so that only the information that is listed on your
credit history that should be there, is there.
You can find out your credit history by applying to one of
several companies. Many offer an online service and can furnish
you with the information both quickly and cheaply. Equifax,
Truecredit and Consumerinfo are some of the best such
providers.
Patience is the key to getting a great credit score – and the
best credit deals. You’re never going to make the jump from
having a credit score of 500 to one of 700 overnight, but by
implementing easy to follow and practical strategies, you can
quite easily leverage your credit score to a rating that is
respected by all concerned.
About the Author: Ethan Hunter is the author of many credit
related articles. If you are looking for help with Home Loans
or any type of credit issue please visit us at
http://www.creditcardunlimited.com
Source: http://www.isnare.com
By Ethan Hunter
Making Your Credit Rating Work For You
One of the basics of getting the most competitive credit card
deal in the market is to ensure you have the best credit record
possible. Few of us are lucky enough to be earning a six-figure
salary, and many people are likely to have other financial
undertakings that a potential lender will want to take into
account. None of this, however, should preclude you from
getting a top bracket credit rating. Getting a credit score of
700+ may be beyond some consumers, but lifting your credit
rating to a point at which lenders will furnish you with some
of their best deals is not an insurmountable task.
It can be a stressful time applying for a new line of credit.
Many consumers get upset when applying for a new credit card
when they find out their credit score is low, and they have
poor credit.
A lower credit score can impact the amount of money that
financial institutions will lend you. It can also impact on the
rate of interest at which you borrow. In some cases, the
difference between having an excellent credit rating and a poor
one could be getting a 0% deal on your credit card, and paying
an APR that touches 30%. Sometimes financial institutions won’t
even lend you a dime, based on a low credit score.
A variety of factors can impact on your credit score. Generally
speaking, lenders love stability more than anything else. Paying
amounts owed on time is but one of many variables. It could be
that you’ve lived in more than one address over the preceding
three years; or having borrowings with a variety of
institutions. It could even be down to the fact that you’ve got
too much credit already at your disposal.
But just what goes into your credit score? A report by the
analytics experts Fair Issac recently broke credit scoring down
into five categories and assessed their importance on the final
rating.
Most important was how you had paid you bills in the past with
the most emphasis on recent activity. Naturally, paying all
your bills on time is good; paying them consistently late is
bad. Having accounts that were sent to collection agencies is
even worse, though nowhere near as bad as declaring bankruptcy.
Paying your bills in a timely and consistent manner contributed
to 35 percent of the score.
Next most important was the amount of money you owe and the
amount of available credit at your disposal. The assessment of
outstanding debt fell into several categories, and included
credit cards, car loans, mortgages, home equity lines, and so
on. Also given consideration was the total amount of credit
available. If a customer has 10 credit cards that each have
$10,000 credit limits, that totals $100,000 of available
credit. Generally speaking, people who have a lot of credit
available tend to use it. This makes them a less attractive
credit risk. This amounts to 30 per cent of the total credit
score.
Also impacting on credit scores is the length of credit history
(15 percent). The longer a customer has had credit –
particularly if it's with the same financial institution – the
more points they get.
The mix of credit contributes 10 percent to the credit score.
Customers with the best scores have a mix of both revolving
credit, such as credit cards, and installment credit, such as
mortgages and car loans. Statistically, consumers with a richer
variety of experiences are better credit risks. As far as banks
and credit card companies are concerned, they know how to
handle money.
The last important factor taken into consideration is new
credit applications (10 percent). If you’ve applied for several
lines of credit in the past few months this will negatively
impact your credit score.
The antidotes to this are simple. Pay your bills in a timely
manner, particularly in the months leading up to an
application. Close unused retail store cards, credit cards and
old bank accounts with overdraft facilities. Maintain
long-standing and healthy arrangements with banks and other
lenders. Don’t apply for a stack of credit cards, loans and so
on, unless you’re absolutely sure it’s the right product for
you. It goes without saying that you shouldn’t apply for a
credit line unless you use it.
There’s a sixth factor that can contribute enormously to a
negative credit rating. In 2001 it became possible for
customers to get their own credit score in exchange for a small
fee. In the past, prospective lenders were able to keep this
score hidden, and many unscrupulous institutions used this
knowledge to charge a higher APR on credit. By being aware of
your credit score lenders can't lie and say your score was low
and charge higher APR on your credit card.
More importantly, it’s vital that you get rid of black marks on
your credit rating. Errors unfortunately happen all the time,
and erroneous reports of missed payments, referrals to debt
collectors and even bankruptcies can scupper your chances of
getting a low rate of interest and even a credit card
altogether. Query everything and haggle with credit reference
agencies so that only the information that is listed on your
credit history that should be there, is there.
You can find out your credit history by applying to one of
several companies. Many offer an online service and can furnish
you with the information both quickly and cheaply. Equifax,
Truecredit and Consumerinfo are some of the best such
providers.
Patience is the key to getting a great credit score – and the
best credit deals. You’re never going to make the jump from
having a credit score of 500 to one of 700 overnight, but by
implementing easy to follow and practical strategies, you can
quite easily leverage your credit score to a rating that is
respected by all concerned.
About the Author: Ethan Hunter is the author of many credit
related articles. If you are looking for help with Home Loans
or any type of credit issue please visit us at
http://www.creditcardunlimited.com
Source: http://www.isnare.com
Friday, April 27, 2007
Landline Credit Card Equipment
Merchant Credit Card Terminals
By Kent Pinkerton
Merchant credit card terminals are electronic devices offering fast, low-cost means to authorize and process credit card transactions. They are very commonly used in retail stores and restaurants. Most merchant credit card terminals accept all major credit, debit, and private-label cards offering low-cost credit card authorization, check guarantee, and data capture for a range of retail applications.
A terminal to process credit cards is a great investment to your business. Most merchant credit card terminals support Internet-based services such as e-mail, electronic signature, interactive electronic coupons, onscreen advertising, cash management reporting, and e-commerce. They make transactions more convenient, faster, and accurate for both customers and merchants.
At first, merchant credit card processing terminals verify your customer's card information. Then they withdraw money for the purchase from the customer?s account and deposit it directly into your merchant account. The most important units of merchant credit card terminals are card readers with a small keypad and display. They require power supply and can communicate through a telephone line. Modern terminals are powered by batteries and can communicate wireless or over the Internet. They come in several sizes and prices.
There are many types of merchant credit card terminals: traditional terminals (with or without printers), wireless terminals, and virtual or software-based terminals. Merchants with a permanent place of business need a basic card reader terminal. In this case, the terminal is placed right on the counter where all transactions take place. For businesses that constantly change locations, a wireless credit card processing terminal is a good choice. It is suitable for merchants who are always on the go.
Millions of merchant credit card terminals ship annually and the majority have the same basic functions and features. It can only be used in combination with a merchant account that processes credit card transactions. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. A number of terminals also support additional forms of payment such as electronic bank transfers and phone cards.
Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton
http://EzineArticles.com/?Merchant-Credit-Card-Terminals&id=353177
By Kent Pinkerton
Merchant credit card terminals are electronic devices offering fast, low-cost means to authorize and process credit card transactions. They are very commonly used in retail stores and restaurants. Most merchant credit card terminals accept all major credit, debit, and private-label cards offering low-cost credit card authorization, check guarantee, and data capture for a range of retail applications.
A terminal to process credit cards is a great investment to your business. Most merchant credit card terminals support Internet-based services such as e-mail, electronic signature, interactive electronic coupons, onscreen advertising, cash management reporting, and e-commerce. They make transactions more convenient, faster, and accurate for both customers and merchants.
At first, merchant credit card processing terminals verify your customer's card information. Then they withdraw money for the purchase from the customer?s account and deposit it directly into your merchant account. The most important units of merchant credit card terminals are card readers with a small keypad and display. They require power supply and can communicate through a telephone line. Modern terminals are powered by batteries and can communicate wireless or over the Internet. They come in several sizes and prices.
There are many types of merchant credit card terminals: traditional terminals (with or without printers), wireless terminals, and virtual or software-based terminals. Merchants with a permanent place of business need a basic card reader terminal. In this case, the terminal is placed right on the counter where all transactions take place. For businesses that constantly change locations, a wireless credit card processing terminal is a good choice. It is suitable for merchants who are always on the go.
Millions of merchant credit card terminals ship annually and the majority have the same basic functions and features. It can only be used in combination with a merchant account that processes credit card transactions. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. A number of terminals also support additional forms of payment such as electronic bank transfers and phone cards.
Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with Credit Card Processing Software.
Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton
http://EzineArticles.com/?Merchant-Credit-Card-Terminals&id=353177
Wednesday, April 25, 2007
Landline credit Card Equipment
Ever Wonder How Credit Cards Are Made? - Manufacturing Credit Cards: Materials And Processes
By Richard Gilliland
The credit card is made of many plastic layers, laminated together. The center is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is then mixed with other materials, such as dyes and plasticizers to give it the appropriate look and feel.
A variety of inks or dyes, in various colors, are also used for printing credit cards. These inks and dyes are especially made for use on plastic. Special magnetic ink is also available to print the magnetic stripe (magstripe) on the rear side of the card. The inks are made by dispersing metal oxide particles in the appropriate solvents. Card issuers, such as VISA, which have their own holograms, use additional special printing processes which are involved for cards, like VISA, with featured holograms.
The manufacturing of the credit card takes place in the following steps:
1. Plastic compounding and molding: The plastic for the core sheet is made my melting PVCA with other materials. This molten mixture is put in the appropriate molding equipment, and is flattened to the right thickness by passing it through rollers. This sheet is then allowed to cool down.
2. Printing: Each card sheet is then printed with text as well as graphics. Silk screening and magnetic ink printing are the processes used. The magnetic strip can also be created using hot stamping. Magnetic heads are used to code and decode the iron particles in the strip, so that relevant information can be stored in them. However, the magnetic particles can only be useful if they are on the surface of the card, therefore this step is performed after the lamination.
3. Lamination: Essentially, lamination protects the card, and improves its strength. Lamination is done on both sides of the card.
4. Cutting and Embossing: After lamination, each sheet is cut into a set of cards. Each sheet gives a yield of around 63 cards. The sheet is first cut into seven sections longitudinally, and then each of the seven sections is cut into nine cards. Each card is now a separate credit card, and will be embossed with account numbers, and other information. The cards are now ready for shipment to the cardholders! Each card has to be of the premium quality. Customers cannot be given cards which will break or be damaged after a certain period of time. Key quality issues are linked with the compounding of plastic and color matching of the inks. The American National Standards Institute has a standard for plastic raw materials (ANSI specification x4.16-1973). Ingredients have to be correctly weighed, mixed and blended under the proper temperatures and other manufacturing conditions. Similarly, the molding process must be scrutinized to avoid flaws and defects, which could cause the cards to crack or rupture. The final quality check is to make sure the right numbers are stamped on the cards through the embossing process.
The many evolving technologies in this area will help create the credit cards with better quality and make them more cost effective in terms of manufacturing. New generations of credit cards might carry integrated computer chips, containing a variety of valuable information, making the card more useful, as well as secure.
Richard Gilliland Provides Expert opinions and reviews to help you Compare and Apply for a Credit Card - Compare Credit Card Offers with Credit-Wisdom.com - Unraveling the best in credit cards.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
http://EzineArticles.com/?Ever-Wonder-How-Credit-Cards-Are-Made?---Manufacturing-Credit-Cards:-Materials-And-Processes&id=527352
By Richard Gilliland
The credit card is made of many plastic layers, laminated together. The center is commonly made from a plastic resin known as polyvinyl chloride acetate (PVCA). This resin is then mixed with other materials, such as dyes and plasticizers to give it the appropriate look and feel.
A variety of inks or dyes, in various colors, are also used for printing credit cards. These inks and dyes are especially made for use on plastic. Special magnetic ink is also available to print the magnetic stripe (magstripe) on the rear side of the card. The inks are made by dispersing metal oxide particles in the appropriate solvents. Card issuers, such as VISA, which have their own holograms, use additional special printing processes which are involved for cards, like VISA, with featured holograms.
The manufacturing of the credit card takes place in the following steps:
1. Plastic compounding and molding: The plastic for the core sheet is made my melting PVCA with other materials. This molten mixture is put in the appropriate molding equipment, and is flattened to the right thickness by passing it through rollers. This sheet is then allowed to cool down.
2. Printing: Each card sheet is then printed with text as well as graphics. Silk screening and magnetic ink printing are the processes used. The magnetic strip can also be created using hot stamping. Magnetic heads are used to code and decode the iron particles in the strip, so that relevant information can be stored in them. However, the magnetic particles can only be useful if they are on the surface of the card, therefore this step is performed after the lamination.
3. Lamination: Essentially, lamination protects the card, and improves its strength. Lamination is done on both sides of the card.
4. Cutting and Embossing: After lamination, each sheet is cut into a set of cards. Each sheet gives a yield of around 63 cards. The sheet is first cut into seven sections longitudinally, and then each of the seven sections is cut into nine cards. Each card is now a separate credit card, and will be embossed with account numbers, and other information. The cards are now ready for shipment to the cardholders! Each card has to be of the premium quality. Customers cannot be given cards which will break or be damaged after a certain period of time. Key quality issues are linked with the compounding of plastic and color matching of the inks. The American National Standards Institute has a standard for plastic raw materials (ANSI specification x4.16-1973). Ingredients have to be correctly weighed, mixed and blended under the proper temperatures and other manufacturing conditions. Similarly, the molding process must be scrutinized to avoid flaws and defects, which could cause the cards to crack or rupture. The final quality check is to make sure the right numbers are stamped on the cards through the embossing process.
The many evolving technologies in this area will help create the credit cards with better quality and make them more cost effective in terms of manufacturing. New generations of credit cards might carry integrated computer chips, containing a variety of valuable information, making the card more useful, as well as secure.
Richard Gilliland Provides Expert opinions and reviews to help you Compare and Apply for a Credit Card - Compare Credit Card Offers with Credit-Wisdom.com - Unraveling the best in credit cards.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
http://EzineArticles.com/?Ever-Wonder-How-Credit-Cards-Are-Made?---Manufacturing-Credit-Cards:-Materials-And-Processes&id=527352
Tuesday, April 17, 2007
Landline Credit Card Equipment
Minimum Credit Card Payments To Rise
By Charles Essmeier
For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month.
Clearly, it is not in the best interests of consumers to pay
the minimum every month. But tens of thousands of Americans do
just that, carrying huge balances and paying the minimum every
month. The average household now carries $10,000 in credit card
debt; for many people, paying the minimum is all they can
manage. Due to changes in Federal law, several major credit
card issuing banks will soon raise the minimum amount due to
4%. This might seem like a small increase, but if you are
already deep in debt and paying the minimum amount, this could
cause your payments to double. If you have a $10,000 balance
and you are paying $200 per month, you will soon need to come
up with $400 instead. Many people will find this impossible to
do, as they are already paying as much as they can. What
solutions are available?
The usual common sense rules of credit card use apply here.
Stop using your credit cards. See if you can consolidate your
debt on another credit card with lower interest. See if you can
cut out some unnecessary expenses in order to free up some more
money to pay your balance. Consider a home equity loan to
consolidate your debt. Call your card issuing bank and see if
they can work out repayment plan or lower your interest rate.
There are numerous solutions available, but card holders need
to be aware that the minimum payment is rising, and it isn’t
going to come back down. By charging a 4% minimum, the credit
card issuing banks are hoping that consumers will pay off their
debt a bit sooner and that fewer consumers will find themselves
in a situation where filing for bankruptcy is the only
solution. And once October comes around, even filing for
bankruptcy will be more difficult. Credit card holders with
large balances on their accounts should give considerable
thought to reducing their debt now, as payment options and
requirements are going to be more strict from now on.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
By Charles Essmeier
For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month.
Clearly, it is not in the best interests of consumers to pay
the minimum every month. But tens of thousands of Americans do
just that, carrying huge balances and paying the minimum every
month. The average household now carries $10,000 in credit card
debt; for many people, paying the minimum is all they can
manage. Due to changes in Federal law, several major credit
card issuing banks will soon raise the minimum amount due to
4%. This might seem like a small increase, but if you are
already deep in debt and paying the minimum amount, this could
cause your payments to double. If you have a $10,000 balance
and you are paying $200 per month, you will soon need to come
up with $400 instead. Many people will find this impossible to
do, as they are already paying as much as they can. What
solutions are available?
The usual common sense rules of credit card use apply here.
Stop using your credit cards. See if you can consolidate your
debt on another credit card with lower interest. See if you can
cut out some unnecessary expenses in order to free up some more
money to pay your balance. Consider a home equity loan to
consolidate your debt. Call your card issuing bank and see if
they can work out repayment plan or lower your interest rate.
There are numerous solutions available, but card holders need
to be aware that the minimum payment is rising, and it isn’t
going to come back down. By charging a 4% minimum, the credit
card issuing banks are hoping that consumers will pay off their
debt a bit sooner and that fewer consumers will find themselves
in a situation where filing for bankruptcy is the only
solution. And once October comes around, even filing for
bankruptcy will be more difficult. Credit card holders with
large balances on their accounts should give considerable
thought to reducing their debt now, as payment options and
requirements are going to be more strict from now on.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.
Source: http://www.isnare.com
Monday, April 16, 2007
Landline Credit Card Equipment
Telephone Technology
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
Saturday, April 14, 2007
Landline Credit Card Equipment
Save Money By Using A Virtual Switchboard And Never Miss Another Call
By Michael Soliatis
For a small business the cost of a phone system can seem disproportionate to its advantages. But not having one can make a business seem less professional and, worse still, can lead to lost business from inefficient handling of calls.
The same dilemma faces a small business start-up, which these days can often mean working from home. One of the first considerations is what phone number to use in order to effectively handle phone calls. Four options immediately become apparent: Use a mobile cell phone for business but risk not seeming professional. Immediately stand the cost of an extra business phone line. Use a home phone and again run the risk of seeming unprofessional when one of the kids picks it up. Or use a human answering service, which adds unnecessary cost to a start up business.
However, now, thanks to modern phone switch technology, small businesses whether established or just starting, have a fifth option called a virtual switchboard. And for those based in the United Kingdom, it is often free.
A virtual switchboard enables any business to enjoy all the features of a business phone system without any capital expenditure or other costs such as installation, rentals, maintenance etc. In fact all you need is a land line phone number on which to receive calls.
Switchboard Features For Little Or No Cost
This is how it works. Most virtual switchboard operators in the UK provide a free non-geographic phone number with a 08 prefix. When someone calls your 08 number, the call will route through the phone company's switch and it this that does all the clever work.
The caller hears an announcement that says something like "Please hold whilst we connect your call". Simultaneously your home phone will ring. When you pick it up you'll hear an announcement such as "You have a call for the sales department. Please press any key to accept". This is how you know it is a business call. If one of the kids has picked up the phone, this is their signal to pass the phone to you to accept the call. This same feature can be used to enable you to don an appropriate hat for sales, support, accounts etc.
If you are particularly busy, most virtual switchboards will advise the caller of their queue position and play music on hold. And if you are engaged, the call can be routed to a colleague at a different number. If the phone isn’t answered, the caller will be sent to voicemail where they can leave a message.
Voicemail Is Standard
Virtual Switchboards all have voicemail and most will also send voicemail messages to your email inbox as voice file attachments that you can listen to on your computer.
Receive Notification Of Failed Calls
Some virtual switchboards also have a very useful feature whereby, if a caller hangs up without leaving a message, you'll receive an email with the caller's phone number so you can call back. In fact, with a virtual switchboard you need never miss another call.
Track Advertising Response
It isn't just business start ups that can benefit from a virtual switchboard. It never ceases to amaze how many established businesses pay for expensive advertising then fail to answer every call. Just call a few tradesmen out of Yellow Pages and notice how many don’t answer. In fact a recent survey by TagMe found that a sample of their customers was losing hundreds of thousands of pounds in missed calls.
This is a situation where a virtual switchboard can easily track advertising response. By placing a different 08 phone number into each advert, calls can be tracked in two ways. First, when answering a call it can be announced, as described above, by the name of the source that generated the enquiry. Second, by referring to the call statistics made available by most virtual switchboard operators. This means you can easily verify which adverts produce an acceptable level of response and which do not.
Record Conversations
There are many situations when a recording of a phone conversation can be of immense value either as a training aid or to resolve disputes about precisely what was said. Some credit card companies now require merchants to record all credit card transactions that are made by phone. But to record conversations requires a capital expenditure on specialised recording equipment. However, many virtual switchboard operators offer a call recording facility as well.
Call Handling Versatility
A virtual switchboard can be used for your main business phone number or as a way to easily obtain additional phone numbers for other purposes such as marketing, customer services or support. Because your 08 switchboard number can easily be rerouted, it's also useful when certain services, such as product support, have been out sourced. If you change to a different outsource company, it is a matter of moments to reroute calls to a new one.
All in all a virtual switchboard can be of enormous value to businesses of all sizes in all sorts of situations that require calls to be handled effectively. And when many are available at no cost it behooves any business, large or small to take advantage of their flexibility to improve their call handling.
Michael Soliatis has written several articles about the advantages of using a virtual switchboard and is the proprietor of a UK virtual switchboard service.
Article Source: http://EzineArticles.com/?expert=Michael_Soliatis
http://EzineArticles.com/?Save-Money-By-Using-A-Virtual-Switchboard-And-Never-Miss-Another-Call&id=276797
By Michael Soliatis
For a small business the cost of a phone system can seem disproportionate to its advantages. But not having one can make a business seem less professional and, worse still, can lead to lost business from inefficient handling of calls.
The same dilemma faces a small business start-up, which these days can often mean working from home. One of the first considerations is what phone number to use in order to effectively handle phone calls. Four options immediately become apparent: Use a mobile cell phone for business but risk not seeming professional. Immediately stand the cost of an extra business phone line. Use a home phone and again run the risk of seeming unprofessional when one of the kids picks it up. Or use a human answering service, which adds unnecessary cost to a start up business.
However, now, thanks to modern phone switch technology, small businesses whether established or just starting, have a fifth option called a virtual switchboard. And for those based in the United Kingdom, it is often free.
A virtual switchboard enables any business to enjoy all the features of a business phone system without any capital expenditure or other costs such as installation, rentals, maintenance etc. In fact all you need is a land line phone number on which to receive calls.
Switchboard Features For Little Or No Cost
This is how it works. Most virtual switchboard operators in the UK provide a free non-geographic phone number with a 08 prefix. When someone calls your 08 number, the call will route through the phone company's switch and it this that does all the clever work.
The caller hears an announcement that says something like "Please hold whilst we connect your call". Simultaneously your home phone will ring. When you pick it up you'll hear an announcement such as "You have a call for the sales department. Please press any key to accept". This is how you know it is a business call. If one of the kids has picked up the phone, this is their signal to pass the phone to you to accept the call. This same feature can be used to enable you to don an appropriate hat for sales, support, accounts etc.
If you are particularly busy, most virtual switchboards will advise the caller of their queue position and play music on hold. And if you are engaged, the call can be routed to a colleague at a different number. If the phone isn’t answered, the caller will be sent to voicemail where they can leave a message.
Voicemail Is Standard
Virtual Switchboards all have voicemail and most will also send voicemail messages to your email inbox as voice file attachments that you can listen to on your computer.
Receive Notification Of Failed Calls
Some virtual switchboards also have a very useful feature whereby, if a caller hangs up without leaving a message, you'll receive an email with the caller's phone number so you can call back. In fact, with a virtual switchboard you need never miss another call.
Track Advertising Response
It isn't just business start ups that can benefit from a virtual switchboard. It never ceases to amaze how many established businesses pay for expensive advertising then fail to answer every call. Just call a few tradesmen out of Yellow Pages and notice how many don’t answer. In fact a recent survey by TagMe found that a sample of their customers was losing hundreds of thousands of pounds in missed calls.
This is a situation where a virtual switchboard can easily track advertising response. By placing a different 08 phone number into each advert, calls can be tracked in two ways. First, when answering a call it can be announced, as described above, by the name of the source that generated the enquiry. Second, by referring to the call statistics made available by most virtual switchboard operators. This means you can easily verify which adverts produce an acceptable level of response and which do not.
Record Conversations
There are many situations when a recording of a phone conversation can be of immense value either as a training aid or to resolve disputes about precisely what was said. Some credit card companies now require merchants to record all credit card transactions that are made by phone. But to record conversations requires a capital expenditure on specialised recording equipment. However, many virtual switchboard operators offer a call recording facility as well.
Call Handling Versatility
A virtual switchboard can be used for your main business phone number or as a way to easily obtain additional phone numbers for other purposes such as marketing, customer services or support. Because your 08 switchboard number can easily be rerouted, it's also useful when certain services, such as product support, have been out sourced. If you change to a different outsource company, it is a matter of moments to reroute calls to a new one.
All in all a virtual switchboard can be of enormous value to businesses of all sizes in all sorts of situations that require calls to be handled effectively. And when many are available at no cost it behooves any business, large or small to take advantage of their flexibility to improve their call handling.
Michael Soliatis has written several articles about the advantages of using a virtual switchboard and is the proprietor of a UK virtual switchboard service.
Article Source: http://EzineArticles.com/?expert=Michael_Soliatis
http://EzineArticles.com/?Save-Money-By-Using-A-Virtual-Switchboard-And-Never-Miss-Another-Call&id=276797
Friday, April 13, 2007
Landline Credit Card Equipment
A Mind-Blowing Secret About Law Firm Cash Management
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
By Chris Rempel
All lawyers - solo and large-firm attorneys alike - know that time is money. Days must be planned with the utmost efficiency in order to keep a law practice running smoothly. Lawyers and attorneys must spend the majority of their time and efforts representing clients; but the day-to-day running of a law office is like any other business.
Clients must be billed, payments tracked and accounts kept up to date, and receiving payments in a variety of formats is time consuming. Sometimes, law firm cash management can be anything but profitable.
It stands to reason that if all of one's time is consumed by business administration issues like collecting on unpaid accounts, banking and so on - this "multi-tasking" will not only waste time, but also cause the firm to actually lose profits for the following reasons:
1. Less time will be spent billing hours and making money
2. Money will be lost on accounts owing, and time will be lost pursuing them
So what's the solution - getting paid up-front, or perhaps using a trust account?
Both of those may be options, but the most adaptable and sensible option is to accept credit cards from your clients. This opens your doors to more clients - as it makes it easier for "cash-strapped" clients to pay legal fees. It also makes it easier to collect on A/R, because you can simply process the payment in a matter of seconds and the issue will be dealt with - instead of waiting for checks, or running all over town to collect them.
However, today's credit card mentality has created a dilemma, particularly for professionals working independently or with small firms and businesses. Typically, the procedure for accepting credit card payments has been fraught with rules, regulations and a lot of stress. And when time is short anyway, the process involved in setting up such a system can seem endless. The costs to set up a "merchant account" can seem intimidating.
Concentrating on a law practice is an ongoing endeavor; but the task of providing credit card acceptance capabilities can be downright overwhelming. The need to know everything there is to know about merchant services has caused thousands of professionals and business hopefuls to throw up their arms in frustration and declare "No credit cards accepted!"
Issues involving statement and transaction fees, in addition to annual fees, programs fees and monthly minimums are enough to annoy anyone, and it doesn't end there. So, in the long run, attorneys lose potential clients desperately in need for attorney services.
Daring souls who brave the murky waves of rules, regulations, waivers and fees to invest in the actual equipment/startup cost needed to perform a credit card transaction still face contracts and agreements for that equipment, and hours of research. Cost for leasing credit card processing tools ranges from $29.00 to $80.00 a month, sometimes more. Lease terms generally run 36-48 months and canceling the lease is often not an option. Once you sign, you're stuck. Leasers must also pay state tax, if applicable, and may also find themselves paying for "Loss or Destruction" of that equipment as well. If you default on your lease, it's your credit report that suffers.
As a result, attorneys often find themselves stuck between a rock and a hard place. And many attorneys, especially those working solo, or even those who belong to small firms, can ill afford to spend hundreds, sometimes thousands of dollars setting up and maintaining a credit card billing system for their business. Yet not doing so can cost them thousands of dollars in earning potential - and in terms of collecting on legal fees owed while simplifying their law firm cash management process overall.
So what to do? What options are out there? Granted, not many. Still, one solution is growing in popularity. It's called mobile credit card processing, and it's a unique service provided by companies like "Accept by Phone". Finally, professionals, especially lawyers, can accept credit cards without the mundane and frustrating hassle of more "traditional" credit card processing methods. Many potential clients, including those going through divorce, those facing criminal charges and whose account assets have been frozen, and countless others seeking the services of an attorney often don't have access to cash or checking accounts. Mobile credit card processing services enable both clients and attorneys to complete payment transactions painlessly with a credit card.
Most mobile credit card processors allow attorneys to accept credit card payments via landline and through cell phones, instantly. No more waiting for checks to arrive and, more importantly, to clear. Credit card payments don't bounce. Using such a service also cuts overhead expenses and eradicates the fees and regulations of more traditional methods.
The catch? Believe it or not, there isn't one. Some services actually cost as little as $5.00 a month (in fees) to use, along with a percentage on each sale (usually ranging from 3.95% to 5%). Most services have no annual fees, no transaction fees, no minimums or volume restrictions. There are no cancellations fees and no terminals needed. And all you need is a phone line, cell phone or a PDA.
How can that be? Besides technology that truly places the world at our fingertips, this "accept by phone" system is very low maintenance for the account provider (financial institution that issues the merchant account), and the account setup/approval cost is minimal in comparison to a traditional account. These services utilize an automated system that enables callers and vendors to complete transactions in a matter of seconds and with a minimum of hassle. And as a result, both the merchant provider and the merchant (you) save big time.
These unique merchant services offer a win-win situation; clients receive immediate legal representation that fits into their financial ability and preference, and attorneys get paid, instantly, just by using their cell phone for 30 seconds - simplifying their law firm cash management struggles in one fell swoop.
What's not to like about that?
Chris Rempel recommends http://www.AcceptByPhone.com, which enables lawyers to accept credit cards using any phone (or cell), for just $5 per month and 3.95% per sale. Find out why Chris and others think this service is the ultimate mobile merchant account service.
For more practical law firm business tips, see my law firm management website.
Article Source: http://EzineArticles.com/?expert=Chris_Rempel
http://EzineArticles.com/?A-Mind-Blowing-Secret-About-Law-Firm-Cash-Management&id=416515
Thursday, April 12, 2007
Landline Credit Card Equipment
100% Refinance Mortgage For Consolidation And Other Purposes
By Sarah Dinkins
Obtaining finance by this means is probably one of the cheapest ways of funding your needs. The interest rates you can obtain with mortgage loans are the lowest of the loan market and if you happen to refinance by a lower rate than the one you agreed to with your previous loan, you can save thousands of dollars at the same time.
Inexpensive Source of Funds
Refinance mortgage loans can provide funds with reduced interest rates and by obtaining a longer repayment program you can make sure that the loan installments are low enough so you can afford them without hassles. That’s why the additional funding you can obtain with cash-out refinance loans is perfect for consolidation purposes.
Since these loans provide a fair amount of extra cash, you can use the exceeding amount to pay off outstanding debt. Chances are that this debt is mostly unsecured and thus, you’ll be replacing expensive debt (especially if it is composed mainly of credit card and store card debt) with a cheap loan and end up with a single monthly payment.
Obtaining A Lower Interest Rate
If market conditions have improved since you obtained the previous mortgage loan or if your credit and income situations improved, it is possible that you may obtain a lower interest rate on your refinance home loan. This implies that you may be able to save thousands of dollars over the whole life of the loan.
A mere interest rate reduction of a single point can save you a lot of money. For example: A 7% APR home loan will cost you $700 every $10.000 each year. If the loan has a repayment program of 25 years, it will cost you: $17.500. However, if you can obtain a 6% APR instead, you will be saving $100 every $10.000 each year and thus, on the long run, you’ll save $2.500. For a $100.000 loan, this implies savings of up to $25.000.
Debt Consolidation And Other Purposes
As explained above, these loans are perfect for consolidating debt. They provide cheap funding with which you can replace expensive outstanding debt and obtain a single and lower monthly payment you won’t have trouble affording. However, even if you don’t need to consolidate, there are other purposes that the money can have.
Since these loans provide inexpensive funding any purchases or projects that usually need higher rate loans can be replaced with them thus saving thousands of dollars. For example, you can use the money to finance a home business project, purchase business equipment like computers, finance the purchase of a car or motor vehicle, etc. Whatever purpose you have in mind, 100% refinance home mortgages can provide you with extra funding at very low interest rates.
Sarah Dinkins is an Expert Loan Consultant at Badcreditfinancialexperts.com where you can find other financial articles.
Article Source: http://EzineArticles.com/?expert=Sarah_Dinkins
http://EzineArticles.com/?100%-Refinance-Mortgage-For-Consolidation-And-Other-Purposes&id=509951
By Sarah Dinkins
Obtaining finance by this means is probably one of the cheapest ways of funding your needs. The interest rates you can obtain with mortgage loans are the lowest of the loan market and if you happen to refinance by a lower rate than the one you agreed to with your previous loan, you can save thousands of dollars at the same time.
Inexpensive Source of Funds
Refinance mortgage loans can provide funds with reduced interest rates and by obtaining a longer repayment program you can make sure that the loan installments are low enough so you can afford them without hassles. That’s why the additional funding you can obtain with cash-out refinance loans is perfect for consolidation purposes.
Since these loans provide a fair amount of extra cash, you can use the exceeding amount to pay off outstanding debt. Chances are that this debt is mostly unsecured and thus, you’ll be replacing expensive debt (especially if it is composed mainly of credit card and store card debt) with a cheap loan and end up with a single monthly payment.
Obtaining A Lower Interest Rate
If market conditions have improved since you obtained the previous mortgage loan or if your credit and income situations improved, it is possible that you may obtain a lower interest rate on your refinance home loan. This implies that you may be able to save thousands of dollars over the whole life of the loan.
A mere interest rate reduction of a single point can save you a lot of money. For example: A 7% APR home loan will cost you $700 every $10.000 each year. If the loan has a repayment program of 25 years, it will cost you: $17.500. However, if you can obtain a 6% APR instead, you will be saving $100 every $10.000 each year and thus, on the long run, you’ll save $2.500. For a $100.000 loan, this implies savings of up to $25.000.
Debt Consolidation And Other Purposes
As explained above, these loans are perfect for consolidating debt. They provide cheap funding with which you can replace expensive outstanding debt and obtain a single and lower monthly payment you won’t have trouble affording. However, even if you don’t need to consolidate, there are other purposes that the money can have.
Since these loans provide inexpensive funding any purchases or projects that usually need higher rate loans can be replaced with them thus saving thousands of dollars. For example, you can use the money to finance a home business project, purchase business equipment like computers, finance the purchase of a car or motor vehicle, etc. Whatever purpose you have in mind, 100% refinance home mortgages can provide you with extra funding at very low interest rates.
Sarah Dinkins is an Expert Loan Consultant at Badcreditfinancialexperts.com where you can find other financial articles.
Article Source: http://EzineArticles.com/?expert=Sarah_Dinkins
http://EzineArticles.com/?100%-Refinance-Mortgage-For-Consolidation-And-Other-Purposes&id=509951
Wednesday, April 11, 2007
Landline Credit Card Equipment
Credit Cards That Are A Credit To Any Business
By Joseph Kenny
Business credit cards can come to mean a lot to any business and can even be used to reduce costs and manpower. They can also, if used properly, be used to get savings on your purchases and simplify paperwork. Here are some ways that you can use a business credit card so that it can be an asset to your business.
Simplifies Accounting
Have you ever found that employees lose receipts, or do not supply you with adequate details of purchases? Or, has the accounting department ever misplaced receipts? By giving your key employees business credit cards you can eliminate the receipt system altogether, because all charges can be put on a single monthly statement for your company - if you want it. This would greatly reduce man-hours in the accounting department - and make it so much simpler for reimbursements to be made, too.
Keeps You Informed
In addition to this, your online account enables you to see what is being spent each day. This gives you visibility of the daily transactions made by all your employees, as well as totals charged on the account. Balances can also be seen enabling you to avoid overcharging your business credit card. You also may have the option to be able to limit the amount of expenses charged by your employees.
Earns Rewards
By selecting a card related to large expenses made, such as gas, or air miles, office equipment, etc., you can save a lot of money. Most of these cards are geared toward the small business owner, which may make it even more appealing if you fit in that category. By using a business credit card, you can reduce your monthly expenses on many things, and get cash back, or discounts on other products, Some credit card companies give free office equipment and supplies as a bonus. An example of how you can get savings is if you put all your gas onto the gas credit card of a gas company that you already use all the time.
By putting all of your business expenses on a card from one company, all of your individual expenses can bring a lot of rebates, or cash back. If your card focuses on traveling, then your rewards could come in the form of free hotel stays, cruises, flights and possibly points that can be used toward new vehicles. Some business credit cards will put on your account as many as 10,000 points with your first purchase.
Make Balance Transfers
If your business has any existing credit card debt, you could have the option of being able to transfer it to your credit card with 0% APR interest. Most business credit cards, however, will charge a rather small percent of interest, though.
Compare Business Cards
Take the necessary time to be able to find a good card - one that will meet your needs. Business credit cards usually come with annual fees, but these will vary quite a bit. Also, many business cards do come with interest rates - and many do not, so, you will want to look at the fine print carefully.
Joe Kenny writes for the OnlyStop.com, offering online mortgage applications, visit today for more credit cards and start clearing credit card debt today.
Visit today: http://www.onlystop.com/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Cards-That-Are-A-Credit-To-Any-Business&id=398669
By Joseph Kenny
Business credit cards can come to mean a lot to any business and can even be used to reduce costs and manpower. They can also, if used properly, be used to get savings on your purchases and simplify paperwork. Here are some ways that you can use a business credit card so that it can be an asset to your business.
Simplifies Accounting
Have you ever found that employees lose receipts, or do not supply you with adequate details of purchases? Or, has the accounting department ever misplaced receipts? By giving your key employees business credit cards you can eliminate the receipt system altogether, because all charges can be put on a single monthly statement for your company - if you want it. This would greatly reduce man-hours in the accounting department - and make it so much simpler for reimbursements to be made, too.
Keeps You Informed
In addition to this, your online account enables you to see what is being spent each day. This gives you visibility of the daily transactions made by all your employees, as well as totals charged on the account. Balances can also be seen enabling you to avoid overcharging your business credit card. You also may have the option to be able to limit the amount of expenses charged by your employees.
Earns Rewards
By selecting a card related to large expenses made, such as gas, or air miles, office equipment, etc., you can save a lot of money. Most of these cards are geared toward the small business owner, which may make it even more appealing if you fit in that category. By using a business credit card, you can reduce your monthly expenses on many things, and get cash back, or discounts on other products, Some credit card companies give free office equipment and supplies as a bonus. An example of how you can get savings is if you put all your gas onto the gas credit card of a gas company that you already use all the time.
By putting all of your business expenses on a card from one company, all of your individual expenses can bring a lot of rebates, or cash back. If your card focuses on traveling, then your rewards could come in the form of free hotel stays, cruises, flights and possibly points that can be used toward new vehicles. Some business credit cards will put on your account as many as 10,000 points with your first purchase.
Make Balance Transfers
If your business has any existing credit card debt, you could have the option of being able to transfer it to your credit card with 0% APR interest. Most business credit cards, however, will charge a rather small percent of interest, though.
Compare Business Cards
Take the necessary time to be able to find a good card - one that will meet your needs. Business credit cards usually come with annual fees, but these will vary quite a bit. Also, many business cards do come with interest rates - and many do not, so, you will want to look at the fine print carefully.
Joe Kenny writes for the OnlyStop.com, offering online mortgage applications, visit today for more credit cards and start clearing credit card debt today.
Visit today: http://www.onlystop.com/
Article Source: http://EzineArticles.com/?expert=Joseph_Kenny
http://EzineArticles.com/?Credit-Cards-That-Are-A-Credit-To-Any-Business&id=398669
Tuesday, April 10, 2007
Landline Credit Card Equipment
How Web Masters Can Start a Home Based Business Using Credit Cards
By Claire Bowes
If you’re a webmaster who has been itching to start a home based business and you are experiencing some cash flow problems and are considering leaving your dreams by the wayside, don’t. Credit cards may be your answer. Now before you start feeling guilty about using your credit cards for some much needed cash flow and before you antagonize over this issue because of “debt”, let me assure you that credit cards may be your key to success when you use them wisely.
This isn’t to say that you should go out and run up your cards up to the limit simply because they are there. Instead, we’re saying that credit cards http://www.the-credit-card-shop.co.uk/ are not all bad, credit card companies aren’t the devil and if you use your cards smartly then they can help jump start your fledging business’ finances or get you out of a cash crunch. However, the key is to learn how to use credit cards to your advantage and not your disadvantage. With this in mind, we have provided you with the top five tips that will help you use your credit cards wisely:
First and foremost, you should realize that carrying cards have some advantages. Here are some major ones that you should be aware of:
Credit allows you to buy needed supplies instantly instead of waiting until later;
You can spread out the cost of expensive equipment like software and computers;
You can learn to cleverly float cards and get months of interest free loans if you choose the right card and use it correctly;
When you use cards, your purchases are insured;
Credit cards allow you to keep track of miscellaneous purchases and expenses;
You can earn points and other rewards simply for using the card;
Credit cards help you budget your money. You get a single limit and once that is exceeded then you will be declined so you’ll be encouraged to keep track of how much limit you have.
Second, you have to find a card that has a great rate and/or the best benefits for you. For instance, if you will pay off the balance every month but travel a lot then you might want to consider a card with a higher interest rate that gives more frequent flier miles since you will not be affected by the interest rate when you can’t pay off the credit card balance every month. On the other hand, if you can’t pay your balance every month, you should consider the card with a lower interest rate. http://the-credit-card-shop.co.uk/low-interest-credit-cards.htm
Once you’ve found an appropriate card, you should make a commitment to pay your balance responsibly. That is, you should only charge the amount that you can realistically pay in a month or so and make a point not to rack up a ton of credit card debt.
You should really try and avoid using your credit card to get cash advances. This is because most companies charge cash advance fees which could hurt you. However, an exception to this would be if you have an emergency and need to handle a cash crunch then you should use the least amount possible.
Review your statements as soon as you get them to evaluate interest rates. Make sure that you don’t see any errors and if you do then report them right away.
In conclusion, you shouldn’t feel guilty about using your credit cards to help you start or finance your fledging web business. Instead, you should use the above-mentioned tips and use your cards responsibly so that they continue to be a blessing when you need them!
About The Author
Claire Bowes is a successful freelance writer and owner of the Credit Card Centre http://www.the-credit-card-centre.co.uk/ where you will find further advice and tips on the best credit card deals http://the-credit-card-centre.co.uk/best-credit-cards.html , 0% credit cards and small business credit cards. http://the-credit-card-centre.co.uk/business-credit-cards.html.
Article Source: http://EzineArticles.com/?expert=Claire_Bowes
http://EzineArticles.com/?How-Web-Masters-Can-Start-a-Home-Based-Business-Using-Credit-Cards&id=11643
By Claire Bowes
If you’re a webmaster who has been itching to start a home based business and you are experiencing some cash flow problems and are considering leaving your dreams by the wayside, don’t. Credit cards may be your answer. Now before you start feeling guilty about using your credit cards for some much needed cash flow and before you antagonize over this issue because of “debt”, let me assure you that credit cards may be your key to success when you use them wisely.
This isn’t to say that you should go out and run up your cards up to the limit simply because they are there. Instead, we’re saying that credit cards http://www.the-credit-card-shop.co.uk/ are not all bad, credit card companies aren’t the devil and if you use your cards smartly then they can help jump start your fledging business’ finances or get you out of a cash crunch. However, the key is to learn how to use credit cards to your advantage and not your disadvantage. With this in mind, we have provided you with the top five tips that will help you use your credit cards wisely:
First and foremost, you should realize that carrying cards have some advantages. Here are some major ones that you should be aware of:
Credit allows you to buy needed supplies instantly instead of waiting until later;
You can spread out the cost of expensive equipment like software and computers;
You can learn to cleverly float cards and get months of interest free loans if you choose the right card and use it correctly;
When you use cards, your purchases are insured;
Credit cards allow you to keep track of miscellaneous purchases and expenses;
You can earn points and other rewards simply for using the card;
Credit cards help you budget your money. You get a single limit and once that is exceeded then you will be declined so you’ll be encouraged to keep track of how much limit you have.
Second, you have to find a card that has a great rate and/or the best benefits for you. For instance, if you will pay off the balance every month but travel a lot then you might want to consider a card with a higher interest rate that gives more frequent flier miles since you will not be affected by the interest rate when you can’t pay off the credit card balance every month. On the other hand, if you can’t pay your balance every month, you should consider the card with a lower interest rate. http://the-credit-card-shop.co.uk/low-interest-credit-cards.htm
Once you’ve found an appropriate card, you should make a commitment to pay your balance responsibly. That is, you should only charge the amount that you can realistically pay in a month or so and make a point not to rack up a ton of credit card debt.
You should really try and avoid using your credit card to get cash advances. This is because most companies charge cash advance fees which could hurt you. However, an exception to this would be if you have an emergency and need to handle a cash crunch then you should use the least amount possible.
Review your statements as soon as you get them to evaluate interest rates. Make sure that you don’t see any errors and if you do then report them right away.
In conclusion, you shouldn’t feel guilty about using your credit cards to help you start or finance your fledging web business. Instead, you should use the above-mentioned tips and use your cards responsibly so that they continue to be a blessing when you need them!
About The Author
Claire Bowes is a successful freelance writer and owner of the Credit Card Centre http://www.the-credit-card-centre.co.uk/ where you will find further advice and tips on the best credit card deals http://the-credit-card-centre.co.uk/best-credit-cards.html , 0% credit cards and small business credit cards. http://the-credit-card-centre.co.uk/business-credit-cards.html.
Article Source: http://EzineArticles.com/?expert=Claire_Bowes
http://EzineArticles.com/?How-Web-Masters-Can-Start-a-Home-Based-Business-Using-Credit-Cards&id=11643
Monday, April 9, 2007
Landline Credit Card Equipment
Telephone Technology
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
By Andrea Cannavina
Although telephones have been a law firm staple almost since their creation and patenting by Mr. Bell in 1876, they usually are not considered legal "technology".
Using a telephone as the piece of equipment to check, route or forward communications or conduct "work" means one less item your firm needs to supply, maintain or explain to each new hire. Additionally, using a telephone removes the need to be "webby" or "techie" for end users as most staff are quite comfortable with this basic piece of office equipment.
Caution should be taken of any free calling service and end users truly need to beware of peer to peer networks as issues with overall collection of data, security and call quality are reported. Even large and slickly marketed VoIP services have growing reports of poor customer service, call quality and now difficulty terminating service. Remember, VoIP is an alternative to a traditional land line, not an equal!
Productive uses for any telephone include:
Long distance learning Long distance learning is a great option for those who work from home offices or those in remote locations who do not wish to travel hours to get to a "live" class. In many instances, classes offered through established associations provide CLE credit, making for an easy process for you to keep your practice and CLE credits up to date. ;)
Considerations - Take your "conference" to the "conference room" and ask others to attend and learn with you. They may not get the CLE credit but will still get an education.
Communication Management Pairing unified messaging with a cell phone gives unlimited flexibility for controlling the deluge of information received each day. Unified messaging provides a digital number which can be forwarded to a cell, home or other existing line or phone. From incoming call management, sophisticated voicemail and fax management, unified messaging is a great option for any mobile professional. Items to watch: available forwarding minutes and per page limits on incoming faxes.
Dial In Dictation For over a decade doctors and hospitals have used simple dial in dictation to process critical patient reports and administrative/insurance forms. Contract with an established legal transcription company or locate a reputable Virtual Assistant to compliment the digital dictation process with initial drafts transcription or more advanced secretarial functions.
Credit Card Processing New to the legal market, a company called Accept By Phone allows account holders to accept and process credit card payments with nothing but a phone.
Continued research into mobile technology means much of what you can see on the internet will be viewable on the small size screens of cell phones. Look for advertisers and "push" technology to capitalize on millions of trapped cell phone users in the not so distant future! Just one more reason I LOVE my Treo!) ;)
Andrea Cannavina, is a legal technology consultant and Master Virtual Assistant. As President/CEO of LegalTypist, Inc., Andrea helps sole practitioners, law firms and companies which service the legal industry upgrade their processes to digital in order to get more done with less (less employees, less equipment and less stress)!
To learn more visit: http://www.legaltypist.com. While there, subscribe to The Legal Connection, LegalTypist's newsletter, full of how to’s, reviews and insights to working virtually.
You may also subscribe by e-mailing subscribe@thelegalconnection.com.
Article Source: http://EzineArticles.com/?expert=Andrea_Cannavina
http://EzineArticles.com/?Telephone-Technology&id=415094
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