Borrowing and Saving: A Financial Balance Blog

Getting Money For Your Business When You Have Had Credit Troubles

Every financial expert advises new business owners to first work on and improve their personal credit histories prior to applying for business loans or merchant accounts. In a perfect world, no matter what your credit issues are, you would be able to pay all of your debts and see your credit score soar overnight. The truth is that it takes time to improve imperfect credit histories, and in the fast paced world of business, waiting too long can cause business owners to lose their companies altogether. Read More 

Protecting Yourself When Having A House Built By Asking For Bid Bonds

Choosing to have a new home built from scratch requires a great deal of money and reputable professional partners who can construct a structure that is safe and comfortable enough for your entire family. If this is something that's new to you, you need to pay special attention throughout the process so that you're not taken advantage of or spend more money than you need to. One way to protect yourself from the start is by asking for bid bonds. Read More 

What Every Homeowner With Equity Needs To Understand About Helocs

Do you own a home and have equity? If so, you may have heard of a home equity line of credit, which is commonly referred to as HELOC. Perhaps you are wondering how it works and whether it is something you should consider. The following are a few points that every homeowner with equity in their homes should understand.  Associated Costs There will be some costs that you can expect when you apply for HELOCs. Read More 

Seeking Advice From A Certified Financial Planner: 3 Smart Things To Do After Receiving An Inheritance

Did you know that the average American leaves almost $177,000 in inheritance to their heirs? If you get the call that someone close to you has passed away and left you a sizeable amount of inheritance, it is vital that you don't spend all of the inheritance once you receive it. Now is a good time to speak to a certified financial planner in order to discuss your financial situation and how you can best make use of the inheritance that has been left to you. Read More 

Three Reasons You May Be Asked To Put Up Collateral For A Bail Bond

Many times when you contract with a bail bondsman to get yourself or your loved one out of jail, they will do what's called a signature bond where you're only required to sign a contract agreeing to the terms. In some cases, though, the bail bond company may ask you to provide collateral (e.g. a house or jewelry) backing the bond. Here are three reasons why this may occur. The Bail is Too High Read More