Once you realize you need a little extra help covering unexpected bills or repairs, you’ve got the easy part over with. The hard part is finding a lender that can provide you with a responsible loan that covers small cash shortages. For the first time borrower, the lending industry may seem like a complex world you have no hope of navigating, but with a little bit of time and effort you can search out a loan like a pro.

Landing a loan with reasonable rates, terms, and conditions will require some light online reading, but don’t worry! There are reputable lenders of short term loans, like GoDay.ca that make this complex task simple. These kinds of lenders offer fast, convenient, and responsible access to cash with a simplified process to eliminate confusion or delay.

As long as you are a Canadian over the age of 18, with a functional bank account, valid email or phone number, and proof of income, you can get started by filling out an online application form. Once you submit your application, you’ll find out whether or not you qualify for assistance within as few as 5 minutes. This basic contact and financial information may need verification further on in the borrowing process, so don’t be surprised should your lender require to contact you after you qualify. Even with this additional clarification, these online cash advances remain a convenient alternative to conventional lenders because they facilitate your loan quickly. In some cases, you can receive same day assistance once approved.

Of course, when it comes to your finances, convenience isn’t your only priority. You need to make sure the lender you choose can provide a responsible way to cover unexpected cash shortfalls. You can make sure your chosen lender will keep you on financial track by confirming they:

Don’t be discouraged by the lending industry. Armed with this knowledge, you can make an informed choice about your financial assistance. When you can confirm your lender has all of the above, you can feel better about the source of your loan. You’ll have a better chance of accommodating your cash advance’s repayment schedule, so its addition to your budget won’t upset your finances.

When you suffer an accident, either at work, home, or in a public place, your life can feel like it’s being put on hold. After the effect of the accident on your health, your finances are likely to take the biggest hit. The problems that results from the long term implications of a personal injury can cause severe emotional distress, but it doesn’t have to be that way. Here are three ways in which your financial situation can be affected by personal injury, and most importantly, what you can do about it.

Medical bills

The cost of treating any serious injury can add up significantly. Even with medical insurance an excess may be required, and some long term or specialised treatments might not be covered by your insurance plan. Without insurance the situation can be much more grave. You will be expected to pay using your income or savings, or with the help of family. In any case, the cost of treatment, medication, and rehabilitation is not without consequences. Medical expenses alone are enough to put the injured party in dire financial straits,  and can even lead to bankruptcy.

Damage to personal belongings

Certain types of accident can cause damage to property that is both costly and inconvenient. For example, a road traffic accident that leaves your car unusable can cause difficulty. Although the cost of repairing or replacing the car will be covered by the car insurance, many insurance plans do not provide a courtesy car. Therefore the cost of alternate transportation while waiting for a new vehicle, on top of the excess from your insurance plan, can have a significant impact on your finances.

Loss of income

If the injury you sustain is severe enough, you may find you’re unable to attend your employment for a period of time while you receive treatment and rehabilitation. Certain injuries could even make it impossible for you to continue work in your chosen industry, and so alternate employment may be required, and this process is time consuming and costly. Finding yourself out of work for any significant period of time can obviously have serious effects on your financial situation.

Solution

Although it can seem to be a helpless situation, all is not lost. There are avenues available to you to regain your lost money and compensation. A personal injury claim can result in payout for costs faced as the result of an accident, such as loss of income, damage to your personal belongings, and the cost of your medical bills. Compensation for damages such as emotional distress as a result of injury can also be covered by personal injury claims. The payout can help to allay fears of repercussions far ahead in the future that may result from long term rehabilitation problems and employment concerns.

Personal injury can be stressful and costly, and have serious long term implications. If you’ve been affected by anything you’ve read then you may find it useful to discuss the possibilities you have available to you with a personal injury lawyer.

Owning an iPhone is a status symbol for many individuals. Others may use this smart phone for its excellent features. These phones are among the most expensive products and it is not always possible to pay the entire amount upfront. The festive season is here and individuals may take advantage of the offers and deals available to buy the latest iPhone. Zero-percent interest rates, exchange offers, and cash discounts (when credit cards from certain banks are used) make it more affordable for people to purchase the latest Apple smart phone.

Even with these offers, many individuals may still find it difficult to buy the phone because of the huge expenses often incurred during the festivities. One way to overcome this hurdle is to opt for a short-term personal loan to purchase the latest iPhone during festivals like Diwali and Christmas. Here are four reasons to avail of a short-term personal loan to buy iPhone 7.

1.Flexibility to Use the Loan Amount

Unlike car or home loans, the amount that is borrowed as a personal loan does not have any specific end use. The borrowers are free to use the money for any legal purpose. This flexibility is beneficial and the multipurpose nature of personal loans provides individuals with an excellent way to purchase the iPhone 7 model.

2.Faster Processing of the Loan

When compared to the other types of loans, the processing time for a short-term personal loan is quicker. Sometimes, users may receive approval within a few days, which is advantageous when a person is looking for immediate funds.

3.Lesser Documentation 

Personal loans are offered by lenders without requiring excessive documentation. This makes it simpler for applicants because the process of getting all the documents in place is cumbersome and time-consuming.

4.No Collateral Requirement

Generally, short-term personal loans are unsecured making it possible for individuals who do not have any assets that may be used as collateral to qualify for a loan. Additionally, borrowers eliminate the risk of losing their assets in case they are unable to service the loan in a timely manner. Furthermore, the tenure of these loans is shorter when compared to home or automobile loans. 

EMI Based Personal Loan

Individuals may purchase the latest iPhone 7 without facing any financial constraints by repaying through Equated Monthly Installments (EMIs). They may choose an online personal loan EMI calculator to estimate the amount that may be repaid regularly. Such online calculators help individuals understand the approximate installment they will have to pay towards servicing their loan as per their financial capability. An individual may also have the choice of opting for no-interest financing from the vendor of the iPhone 7. However, before getting excited by such offers, a person must clearly understand all the terms and conditions. Covering the cost of the latest Apple smart phone along with the other expenditures commonly incurred during the festival season may be difficult. Opting for a short-term personal loan to meet these expenses is, therefore, advisable. This allows users to buy the iPhone 7 without being worried about the huge cash outflows needed upfront. Servicing the loan amount would not result in any financial difficulties because the borrowers may choose a tenure that best suits their liquidity situation. If a person lacks a good credit score given by credit rating agencies like Credit Information Bureau (India) Limited (CIBIL), his application may be rejected or he may have to pay a higher interest rate. Borrowers are advised to clearly evaluate all their options before making any decision.

Currency transfers are an excellent and useful service, but they can also be expensive. If you need to regularly make currency transfers, you could end up paying a fortune in fees. The good news is, there are ways to save on this vital service and below we’ll look at some of the best ways to do it.

Avoid the bank

The first place you’re likely to turn when converting currencies is your bank. You trust your bank and its typically easy to make an exchange; especially if you bank online. However, bank exchange rates can be extortionate. 

All major financial institutions tend to hike on a pretty large exchange fee. Sometimes this accounts to more than 4%. As well as the variable fee, they also often add a fixed fee on top. So, you could be paying much more than you need to.  

Use an online currency transfer service

So, if banks are to be avoided what other options are out there? Online currency transfer services tend to be the best choice. Companies such as Currency Fair, offer a very flexible, low cost service. Sending money straight to another person instantly is a great way to save, or you can opt to have the money sent at a later date, taking advantage of current currency rates. This isn’t a service you’ll find at your local bank!

Always exchange in advance where possible

Leaving currency exchanges until the last minute can mean you end up paying a lot more than you should. If you do it as early as possible, you’ll have more time to find the best rates. Currency transfer rates fluctuate often daily, so taking advantage of low rates as far in advance as possible can potentially save you a lot of money!

Be aware of all fees involved

One of the biggest mistakes you can make when exchanging currencies is failing to read the terms and conditions of the service you are using. As mentioned earlier, banks often charge several fees, some of which are included in the terms and conditions which very few people actually read. 

All currency transfer services will charge some fee so it isn’t something you can avoid completely. However, the amount charged varies significantly between providers. 

Overall, currency transfers don’t have to cost a small fortune. If you use an online service and follow the tips above, you could save a lot of money and avoid any nasty surprises.

During the past few years, there have been a lot of news about company splits or mergers, across all types of industry and business. One of the most media prevalent splits and mergers in recent years has been that of Citroen. In 2015, headlines read that Citroen split from DS, their parent company, followed in 2016 by the announcement of a new merger as the UK Citroen Retail Group dealerships rebranded and combined to form Robins and Day.

While you read about a number of splits and mergers, it can be difficult to understand why they occur. So why do businesses choose to divide and acquire?

Why Do Companies Split?

Divorce, split, breaking up: terms that most would associate with personal relationships, but go hand-in-hand with business relationships, too. However, when it comes to business, splits are usually decided on a strategic basis for one of two reasons:

1. Improve Effectiveness

Many companies have multiple functions and often split so that these diverse processes can be managed separately. By dividing a business in this way, it allows room for flexibility and the adoption of new management processes. This approach improves effectiveness when compared to management under a single business model.

2. Increase Profits

Another purpose is to increase company profits through the means of benefitting shareholders and attracting investors. Of course, increasing profits is largely dependent on the former reason, as the splitting up of a company allows each to be individually managed, thus maximising efficiency while increasing profits.

Why Do Companies Merge?

While the reasons behind company splits trend to be relatively straight forward, there are a huge number of motives behind company merger and acquisition. These include:

Growth

Typically classified as horizontal mergers, a business can acquire another to grow and increase their share of the market. This allows a company to purchase another and immediately grow their business, without having to start from the beginning. 

Diversification

While some companies split in order to better manage different strands of their business, others acquire with the hope of diversifying. This is usually because by combining two or more different business elements, the company hopes to gain a competitive edge.

Reduce Competition

Unlike acquiring with the intention of diversifying, many mergers happen in response to a desire to eliminate competition. Buying within their own market allows a company to gain a larger share of the market, but does often come with a high purchase price.

When it comes to your business, there are a number of ways your company can save money, from trying to go more green and lowering the cost of utility bills, to using online cloud storage instead rather than purchasing additional storage devices. Another method involves EMC testing your wireless equipment, which could save costly legal issues, complications and money loss further down the line.

But what is EMC testing? Why do you need to test your equipment? And how can it save your business money?

What is EMC Testing?

EMC stands for Electro Magnetic Compatibility, a phrase which makes it sound a lot more complicated than it needs to. Essentially, EMC testing involves measuring how electronic equipment interacts with its surrounding environment, as well as other equipment in the vicinity. All electronic and electrical devices can emit electromagnetism and as the world becomes more immersed in technology, such a high density of electrical products means that there is a lot of potential for interference.

EMC is a series of tests carried out using specialist equipment (such as these from MCS) to ensure that a product is able to function compatibly within its electromagnetic environment, without causing a significant disturbance to any other devices.

Does Your Business Need EMC Testing?

EMC testing and compliance is a legal requirement across most of the world, including America, Europe and China, but is it something your business needs? As a general rule, if your company is involved in the design, production and manufacture of electronic items, it is safe to say that EMC testing will likely be applicable and should be a high priority. The rules also concern those companies who are involved in the import and export of electronics, too.

How Can EMC Testing Save Money?

As long as a company considers the requirements of EMC testing early on, then there are a number of financial benefits. For example, there have been many cases of product recalls or withdrawals, because they did not meet EMC regulations and were not electromagnetically compatible. Not only can this be costly, but it can also damage the reputation of your business.

To save money, research regulations when designing or importing a new product. This includes items such as TVs, computers and cars. Consideration at this stage will prevent the expense of non-compliance, while also producing high quality products that boast a high level of performance.

The folks over at www.findmyworkspace.com share the steps on how to close your office for the holidays. 

ALERT: The holidays are coming! The holidays are coming! 

But before you get too excited planning your parties and making your shopping lists, there are things that need to be done at the office. 

Proper preparation before you close shop for the holidays will ensure that everything goes smoothly. This will also minimize the chance of having to address work-related concerns in the midst of the festivities.

Here is a simple list of what you need to do in anticipation of your office closure for the holidays:

1. Inform everyone

Everyone means: employees, suppliers and customers. 

Communication must be sent out at least two to four weeks in advance (the earlier, the better). Make sure that you reach each stakeholder via the proper channels to avoid miscommunication and surprises. 

It is helpful to post your official holiday schedule along your office’s main door or front desk, as well as the bulletin board. 

2. Assign point people

Appoint contact people in case of emergencies. Make sure that these are employees who will be in town during the holidays, and that they know how to address possible concerns.

A  contact information sheet with accurate names and phone numbers must be provided to your security services and other key stakeholders. 

3. Update your automated phone greeting

In case you have a company trunk line number with automated greeting, include information about your company’s holiday schedule 2-4 weeks before the said dates.

Emphasize on when everyone will be back to work and provide an email address where callers can send their concerns or inquiries in the meantime. Consider if you want to give an emergency contact number.

4. Plan deliveries in advance

Plot in receiving and delivery schedules in advance. If there are transactions that can be completed before the holiday cut-off, make sure that these get done. Otherwise, inform vendors and customers that operations will resume after the holidays, which might not be acceptable for them. 

5. Clean up!

Year-end is the perfect timing to organize your office and files. Backup important documents. If some papers have to be moved to a storage area, do it before you go on your holiday break. You would not want to start the new year with a messy desk and an unnecessary pile of paperwork.

Also check your pantry and office refrigerator and throw out perishable food items.  

6. Check all internal and external deadlines

Make sure all internal deadlines have been adjusted to accommodate the holidays. Urgent concerns might have to be finalized before vacation starts.

Check that all agreements with external parties are fully accounted for. If updates would have to wait after the holidays, ensure that everyone involved in that project has been informed about it. 

7. Turn off and unplug some electrical equipment

Computers, printers, scanners, monitors, lights, copiers and shredders can be unplugged during your office break to save on electricity.

If you decorated the office for the holidays, make sure that lights and ornaments are not left running while everyone is out. 

Some equipment that should not be shut off, however, are: phones and fax machines, refrigerators, servers and backup systems, and security systems. 

Alright, that’s about it! Refer to this checklist and everything should go smoothly as you sign off for your long-anticipated office break. 

Have a safe and happy holiday season!

About the writer: Gemma Reeves is a seasoned writer who enjoys creating helpful articles and interesting stories. She has worked with several clients across different industries such as advertising, online marketing, technology, healthcare, family matters, and more. She is also an aspiring entrepreneur who is engaged in assisting other aspiring entrepreneurs in finding the best office space for their business. Check out her company here: FindMyWorkspace

Student loan debt is often the biggest factor when trying to decide whether attending college is a viable option for you. The graduate class of 2016 is reported to have accrued, on average, debt in the region of $37,000. This equates to between $200 and $350 a month in repayment. Considering the rising costs of living these days, this could potentially be a large portion of your wages. Leaving you with very little to live on and little hope for saving towards your future.

It is, however, possible to minimize your student loans and here are four tips for ensuring that you graduate with a debt that is far more manageable.

1. Do Your Research

When it comes to picking the right school you probably have your dream destination. It would be wonderful if we could all attend Ivy League colleges, but the truth is that the prestige of attending such places comes with a price - much higher tuition fees. It is an unfortunate reality that your choice of college may come down to what you can afford. You must be realistic, otherwise you will find yourself living beyond your means and unable to complete your courses. There are many great schools out there, so look into what various different institutions are able to provide that would suit your needs and your budget.

2. Apply for Scholarships and Grants

If there is funding to be had, then take the opportunity and apply for it. You have nothing to lose. There is a misconception among students opting to go to college that scholarships are only available to those with great grades or who excel in a particular field. This is not the case. Talk to advisers and find out what is available to you.

3. Seek Alternative Methods to Achieving your Degree

Attending a 'bricks and mortar' school is no longer the only option available. More and more students these days are opting to study online. For example, a course such as a masters in business administration online could, in theory, be completed without ever having to step into a school, and there are literally dozens of online MBA programs to choose from. Northeastern University for instance offers a great online MBA program that anyone with the proper credits can apply to. Taking this approach means you are already cutting down on living expenses dramatically.

4. Work

For those of you who have already accepted a place at a school now is the time to start thinking about how you might be able to juggle your studies with a part-time job. For some this is not possible. But if you are able to take on a job, then it means you may not need to apply for as much money when it comes to taking out a loan to cover expenses.

Unless you are super-rich, student debt has now become a fact of life for students across the country. But if you take time and plan wisely that debt does not have to financially cripple you.

LIC’s New Jeevan Anand Plan is a Whole Life Endowment Plan that offers several advantages to those who opt for it.  It is a participating plan which means the policyholders have a share in the profits that are incurred by the company. The motive of this policy is quite apparent from its name. This implies that the whole life endowment plan renders coverage till the policyholder passes away and this continues even after your policy matures. In short, we can say that Jeevan Anand is a mix of endowment plan and a whole life plan.

This is a form of life insurance that involves payment of a set amount to the life insured on a specified date. LIC’s Jeevan Anand Plan was one of the best-selling life insurance plan but the company annulled it as they had to launch LIC New Jeevan Anand Policy which is the revised version of the same.  In this blog, we will discuss its features and why it is one of the best plans to purchase. 

Features to reckon with:

1. It is a Traditional Participating Endowment Plan

2. It comes with Regular options to make the payments. 

3. The maturity benefit is received by the policyholder if the policyholder survives through the complete policy term, and this does not terminate the plan.

4. If the policyholder passes away, the sum assured is given to the nominee selected by the policyholder at the time of taking the policy.

Benefits

1) Bonuses: This policy offers two types of bonuses one is Final Additional Bonus and Accrued Simple Reversionary Bonuses.

2) Death Benefit: If the life insured passes away during the policy term 

Sum Assured on Death + Accrued Bonuses

3) Maturity Benefit: If the policy holder survives though out the policy
Basic Sum Assured + accrued bonuses

4) Sum Assured in case of the Death of the policyholder is defined as higher of:

LIC Jeevan Anand Policy Details

Grace Period: LIC Jeevan Anand Policy offers a period of 30 days to its policyholders to clear all their dues. This period is offered to the policyholder if in case the policyholder is unable to make the payment. Consequently, keep on delaying the premiums. Now, if he or she fails to clear their dues even within this grace period, then the policy lapses. 

On the other hand, the policyholder is permitted to pay the dues in a term of 2 years from the date of first unpaid premium. After paying your due premiums within 2 years you can renew your dormant LIC New Jeevan Anand Plan.

Policy Termination or Surrender Benefit: 

After completing 3 years with the policy, the insurance policy becomes acquires a surrender value. Plus, the insurance policy also renders loan advantages and due to this the policyholders can get a loan using this policy.

Exclusions of the Policy

There are numerous suicide cases that we come across in our day to day life. If the life insured commits suicide within 12 months of taking the policy, then 80% of all the premiums paid till the date of death are paid back to the person nominated by the policyholder. 

Another case is when the policyholder passes away after the renewing the policy. In such cases, the nominee receives even higher of the 80% premiums paid till the policyholder was alive or the surrender value acquired by the policy over these months.

Documents you need

Following are the documents that you need to submit to the company in order to take the policy:

• Correctly filled Application form/Proposal form
• Age Proof
• Address Proof
• Medical History
• Other Know Your Customer (KYC) documents such as Adhaar Card, PAN Card, Tax Details etc
• Medical Diagnosis Reports as required 

In today’s economy, raising a child on a single income is a challenge. When you’re barely making ends meet, it can be difficult to give everything your child needs to succeed. It’s hard not to feel bitter if, while scraping together what little you can, you’re waiting on overdue child support payment from your ex-partner. I you’re tired of waiting for them to get back to you, enlist help you can count on. Private child support enforcement agencies are invested in finding your Non-Custodial Parent (NCP) and getting the money you’re owed.

The people behind many of the greatest agencies in the country care because they understand what it feels like to be in your position. Take, for example, the founder and current president of Support Collectors. She was once a single mom struggling to get the support she needed. Her state government child support office did its best, but simply didn’t have enough funding to provide the extra effort it took to solve her difficult case. It was through her own disappointments that she devised a system of personalized enforcement that guaranteed success.

If your government agency has failed to resolve your case, it’s time to supplement their efforts with a private enforcement agency just like Support Collectors. These organizations consist of lawyers, investigators, and enforcement specialists that work together seamlessly to provide their clients with dependable assistance. Their combined efforts will navigate legal issues, uncover the location of the NCP, and successfully negotiate the terms of the outstanding child support payments.

Unlike a government agency, which works on your behalf without requiring payment, the assistance from the private sector comes at a cost. Though negligible, this price should be something you can accommodate on your single income. In order to make sure their assistance is manageable, you should keep the following in mind before you sign along the dotted line:

When you find an agency that ticks off all of these points, you know your case will be in good hands. Combined with the efforts at your government’s office, you’ll have an increased chance of recovering the money that’s owed. As a result, raising your child on your own won’t be as a challenging.