Wills and Probate - concerns the statutory requirements to make or execute a final will and testament including codicils and formal procedures to admit the will to probate. Legal issues include testamentary capacity (soundness of mind and voluntariness of the maker or testator), testamentary (required) formalities for a valid will, a spouse's right to elect to take under the will or by statute, revoked or lost wills, validity, failure or lapse of bequests, calculating shares of gifts, appointment of representatives and rules of construction.
Some online banking offers easy bill paying, account balance review and free checking account activation.
Online banking is ideal if you want to avoid monthly fees, and do most of your banking online. A free bank checking account offers easy online bill paying, instant account balance and debit review.
Avoid overdraft and bounced check fees by managing your bank checking account so you don’t overdraw it.
Always know how much money you have in your checking account by keeping your account register updated. Record all checks, other withdrawals and deposits the instant they occur, and also remember to deduct monthly fees and/or check fees if your bank charges them.
Pay special attention to your online transactions and ATM usage. Don’t forget about any automatic debits you may have set up for loan or other payments. Also remember that you may have checks that have not yet cleared the bank.
Review your account statements monthly, the instant you receive them. Between statements, you can find out which payments have cleared and check your balance by calling your bank or by checking online.
If you overdraw your account, deposit money into the account as soon as possible to cover the overdraft amount plus any fees your bank may charge.
Joint Checking Accounts - Many married couples and family members find opening and using joint savings or checking accounts convenient and useful. With only one account, there is only one set of fees to pay and many married couples find pooling the money together makes budgeting easier.
However, joint bank accounts are riskier than separate accounts. If the relationship between the account holders turns sour, there is chance that one holder may drain the account without the knowledge of the other. Therefore, those considering opening a joint savings or checking account should discuss its benefits and downsides before making a decision.
Here are a few things to consider before opening a joint bank account.
Have Joint Account with Someone You Trust. The most important thing is trust. Only have a joint account with someone you can trust completely. This usually isn’t a big problem where family finances are concerned and where putting the money into a shared account makes bill paying and debt repayments easier. Elderly parents can also trust their adult children with their finances if they have a shared account.
Choose the Appropriate Signatory Option. Banks usually give joint account holders the options of “both to sign” or “either to sign”. Those who can’t trust their partner completely can choose the “both to sign” option so that transactions can only be carried out with the consent of both parties. If trust is not an issue at all, the “either to sign” option is very useful as it allows either account holder to transact independently of the other. What suits one household may not suit another. So choose the appropriate signatory option carefully.
One option for married couples is to each put all of their earnings into one joint checking account. If both spouses are comfortable with this approach, it's certainly the easiest logistically. If one of you is deeply in debt or is notoriously bad at keeping track of checks and ATM withdrawals, this may not be the best method for you. Account co-owners enjoy the right to spend, give away or transfer funds to other accounts, without the consent or knowledge of other account holder(s). In many cases, the "wronged" party can get back some of the money, but legal action is required.
Advice: Compare for benefits. Review all the terms and conditions and special offers before you apply for a bank checking account. Some banks offer a bonus for opening a checking account, such as a no fee period or a special rate.
Visit our articles to learn more information about bank checking accounts and loans, federal regulations and news.
Can I get a loan without a job? Yes, as long as you have some source of income. For example, if you are receiving retirement benefits many lenders will consider that income like any other. Another source of income without employment is recipient annuity payments. Lenders don't always insist on active employment in order to receive a secured or unsecured loan, they are mainly interested in your ability to repay the loan. As long as you have an income source, you may be approved for a loan without work verification or credit checks. But how do I calculate what I can afford in a monthly loan payment when on a fixed income? Use our free simple loan calculator to see how much money you can borrow based upon your ability to repay the installments.
Personal credit scores are based on standards of the major credit rating bureaus: Experian, Equifax, and TransUnion. Lenders average the fixed score from each of these to determine a borrower’s eligibility and terms of financing. The rating system looks at several factors and gives a points rating to each one. Positive and negative factors can affect the score.
Factors that can affect credit scores:
* Payment history accounts for about 35% and the way debts are paid, for example if they are paid in a timely manner or paid late. It reflects the number of past due items and how long they were
delinquent, or if there was any collection activity. Another factor is any public records like bankruptcies, liens, and wage garnishments.
* Current total debts accounts for around 30% and considers the total amount of debts owed. This is the number of accounts and each balance owed and it influences FICO scores. Credit bureaus will
look at outstanding debts in relation to the available credit. Getting out of debt by paying down debts can help raise scores over time.
*The length of credit history is a factor concerning the amount of time accounts have been open and the account activity.
* New credit is any recent accounts established. This also includes any credit inquiries indicating attempts to get new lines of credit.
* Types of credit considered is the total number of the types of credit that has been secured. This includes revolving debt on credit cards and retail accounts.
Some lenders may not view past performance as a guarantee of future performance. This is not always true as a credit rating is an indicator of past borrowing and repayment performance.
This can give lenders an idea of how likely it will be for a borrower to repay a new loan in full, on time. They use a consumer's credit rating to determine their risk in loaning money.
A person who has a good credit rating may not have to pay high interest fees or may not have to give a large down payment. Personal credit scores are used to determine whether to loan money to small businesses and corporations. Factors like age, race, ethnic background, religion, sex, and marital status, do not influence scores. Employment history, current employment, wages, and assets are not taken into consideration as part of FICO scores, yet some lenders may look at these areas when evaluating a person's credit worthiness.
Qualified borrowers have a FICO rating of 750 or better, yet people with a score of 650 may be able to get a loan that has higher interest rates. These scores can change monthly to reflect any changes to the criteria used to determine the score. If a loan is paid off it could improve scores. If a bill is not paid or bankruptcy is filed, it could lower scores. Monitoring scores can help identify any problems that may need correcting. AnnualCreditReport.com is the site to visit to request a free credit report, and get credit information almost immediately, but it can take longer when not using the Internet. Credit services can help monitor FICO scores but it usually requires a monthly fee.
Personal credit is important to maintain, and when repairing credit is a goal, having setbacks that can knock credit down is to be avoided. Paying bills late is just one of those things that has a lowering effect on scores. When credit is poor and bills are late, sometimes it is best to get money fast so the bills can be paid on time.
This is when a small payday loan can be handy and easy to get for most applicants. Many of these lenders accept all credit types and applicants can get an answer in a hurry. This is a source to get money that can be repaid on the next payday or within a couple of weeks or months. Getting money so payments can be made on time, can eliminate high late charges.
Personal loans use to be very hard to get for people with bad credit, not so any more. There are fast cash programs that are helping people in all states get the funds they need within a day or less. Many of these loans can fit the needs of consumers throughout the United States. Whatever the applicant may need the money for, does not matter, they may be able to get approved faster and easier using online lenders.
There are always questions from people who have never applied for a loan. Questions are not a problem, as most sites have an FAQ page, so the applicant can get answers and complete the form. It can be best to read about when the loan is due to be repaid, and the requirements for the loan. Read about the payback date, as these vary between companies. Some loans are for a few weeks, others are due in a couple of months. Getting quality service with online payday loan companies is possible. There are many respectable lenders. Getting a small loan is an option that a non homeowner can have, without any collateral. Paying back a personal loan on time, can help provide good history on credit reports, if the provider reports to major agencies.
A few ways payday loans are used:
* Pay for college and books.
* Pay for child care.
* To pay bills on time.
* To buy a computer.
* To purchase gifts.
* To take a vacation.
* To pay for repairs.
* To have money during an emergency.
* To make home improvements.
* To get a down payment for something.
Often people have situations that can cause stressful days and nights. Sometimes, just getting money for financial problems, helps until a few paychecks go by. Paycheck loans allow people to apply 24 hours a day, 7 days a week. There are quick forms online, and getting an answer does not have to take days. Even Americans with the worst credit may be able to get approved for a small loan.