Are Money Transfer Jobs Legit? - Need a few extra bucks each month? You may be tempted to take a part-time job "transferring payments".
The jobs are advertised as work-at-home gigs you can do in your spare time. It's easy money: all you have to do is accept payments into your bank account, forward them to somebody else, and keep a cut for yourself.
As with most things in life that sound too good to be true, money transfer jobs can be a scam. You may wind up in the middle of a money laundering investigation, and you can lose money. Learn more about money transfer jobs and why you need to be careful. Are Money Transfer Jobs Legit? originally appeared on About.com Banking / Loans on Friday, March 19th, 2010 at 19:16:07. Permalink | Comment | Email this
Funding for Green Homes is Sparse - You think it's hard getting a loan for your home? Try borrowing for a home made of discarded tires and hay bales.
While green is popular, plain-vanilla is more popular. Environmentalists are finding it harder than ever to get loans on alternative houses. Borrowing to buy, build, or refinance requires a lender that's flexible or has experience with green housing.
Today's Wall Street Journal shares several stories of environmentally-minded homeowners and their financing struggles. Lenders have always preferred plain-old houses, and their appetite for risk has only decreased with the financial crisis.
Have you borrowed for a green home? Share your experience in the comments.
Further reading:
Funding for Green Homes is Sparse originally appeared on About.com Banking / Loans on Thursday, March 18th, 2010 at 12:32:30. Permalink | Comment | Email this
Be a Contributing Writer at About.com - About.com is looking for freelance writers!
The About.com Contributing Writers program was created to help us cover topics that may not be broad enough for a full GuideSite. Contributing Writers work alongside our Guides, covering specific subtopics that fall within the larger topic areas of our GuideSites. They are responsible for producing a certain amount of content (articles or blog posts) per month on that subtopic. They are not responsible for managing or maintaining a full GuideSite.
If you follow the latest developments in banking, you may be a fit.
Learn more about becoming a contributing writer. Be a Contributing Writer at About.com originally appeared on About.com Banking / Loans on Wednesday, March 3rd, 2010 at 12:17:58. Permalink | Comment | Email this
Bulldozed Foreclosure and Business Debts - A few weeks ago Terry Hoskins bulldozed his home as the bank was foreclosing on the property.
However, his story is not one of a borrower duped into too much house with a subprime loan. His home was pledged as collateral for business loans.
According to Cincinnati.com, he owed $160,000 on a home loan, and he had another $600,000 in business debts. To get the business loans, he had to pledge his home as collateral.
Business owners often have to pledge personal assets when applying for business loans. This is one example of a personal guarantee gone bad.
If you're borrowing for your business, make sure you know whether or not your personal assets are on the line, and try to limit your risk.
Further reading:
Bulldozed Foreclosure and Business Debts originally appeared on About.com Banking / Loans on Tuesday, March 2nd, 2010 at 09:00:00. Permalink | Comment | Email this
Don't Want to Pay? Beware the Tax Levy - You may wonder what happens if you decide not to do your taxes this year.
You'd skip the headaches of filing and the expense of tax payments, but you might run into trouble. When you owe money, the IRS has a variety of ways to get it. What happens if you don't pay up? They can just take what you owe with a tax levy.
Tax levies allow the IRS to take physical assets (like cars) and financial assets (like money, using a bank levy). They usually don't take this route until they've exhausted other options, but it can happen.
Further reading:
Don't Want to Pay? Beware the Tax Levy originally appeared on About.com Banking / Loans on Friday, February 26th, 2010 at 10:09:51. Permalink | Comment | Email this
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