Are you a college student wondering how online cash advance loans fit into your finances? If you are a smart college student, then you will know online payday loans are only for emergencies. The payoff comes in just a few short weeks, so steady income is a must in order to pay it off without putting more damage into your finances.Here are five tips for college students who are looking to get their finances off on the right foot.1. Take your time getting new credit. For every creditor you apply with, there will be a mark let on your credit score. Hard inquiries, to your credit done by potential creditors looking up your history will take a few points off your score for a year or two at a time. When your finances are just starting, this could bring you low really fast. Low credit scores will be denied. Too many creditors applying at once is also a warning sign for potential creditors that the applicant is desperate for cash. New creditors may take a different approach and offer incentives for the new debtor to spend more. A college student is an easy target for many marketing campaigns. Newcomers to finances are often attractive to reward programs which can trap the debtor into spending more than intended.2. Don’t spend your credit on frivolous things then leave yourself no room for emergency costs. Emergency costs do not need to be funded by online cash advance loans when you have room on your credit card to lighten the load. When you use and manage your credit account wisely, they are a great source of third party money to help you get by and build your credit at the same time. Make your payments on time and keep the balance below 30% whenever possible.3. If you are having trouble finding a creditor to approve you, you can fall back on being an authorized user on one of their accounts or have them be a co-signer to start you out on your own. The fallback here is that your parents or whomever you choose will be responsible for any debt you accrue. They will also be privy to what you charge, when you charge it and where. This may not matter to some people, but if you are one who may not be the best manager of money, it could be a sticky point in the relationship. If you are going to take this route, make it work for you so your credit will build into something helpful when you graduate.4. Are you coming out of college and are finding your student loan debt to be financially draining? Don’t default on these loans. The Federal Government is not a creditor you want to have after your money. Before you miss a payment looking into finding a way to defer the starting date if you still have not gotten full-time work. Ask about reduced payments or changing your payment dates to better fit your pay cycle. If you have multiple loans, try to consolidate them for a lower monthly payment. Managing your money by making on time payments may best be done with automatic payments. Some people are not organized enough to make on time payments even when they have the cash in the bank.5. Look into your options, which include deferring payments for a short amount of time, making reduced payments, or re-configuring your current payment schedule. Also consider consolidating multiple loans into one new loan. This often results in a lower monthly payment. Have the loan amount directly withdrawn from your bank account so you never pay late. Cash Advance Loan Lenders offer emergency cash for those times when there is no other place to turn. College students often do not have the income needed to support an approval. A responsible lender will not want loan to someone without a certain income. College students have it tough in the beginning but will have great financial success when managed correctly.
Small Business Finance – Finding the Right Mix of Debt and Equity
Financing a small business can be most time consuming activity for a business owner. It can be the most important part of growing a business, but one must be careful not to allow it to consume the business. Finance is the relationship between cash, risk and value. Manage each well and you will have healthy finance mix for your business.Develop a business plan and loan package that has a well developed strategic plan, which in turn relates to realistic and believable financials. Before you can finance a business, a project, an expansion or an acquisition, you must develop precisely what your finance needs are.Finance your business from a position of strength. As a business owner you show your confidence in the business by investing up to ten percent of your finance needs from your own coffers. The remaining twenty to thirty percent of your cash needs can come from private investors or venture capital. Remember, sweat equity is expected, but it is not a replacement for cash.Depending on the valuation of your business and the risk involved, the private equity component will want on average a thirty to forty percent equity stake in your company for three to five years. Giving up this equity position in your company, yet maintaining clear majority ownership, will give you leverage in the remaining sixty percent of your finance needs.The remaining finance can come in the form of long term debt, short term working capital, equipment finance and inventory finance. By having a strong cash position in your company, a variety of lenders will be available to you. It is advisable to hire an experienced commercial loan broker to do the finance “shopping” for you and present you with a variety of options. It is important at this juncture that you obtain finance that fits your business needs and structures, instead of trying to force your structure into a financial instrument not ideally suited for your operations.Having a strong cash position in your company, the additional debt financing will not put an undue strain on your cash flow. Sixty percent debt is a healthy. Debt finance can come in the form of unsecured finance, such as short-term debt, line of credit financing and long term debt. Unsecured debt is typically called cash flow finance and requires credit worthiness. Debt finance can also come in the form of secured or asset based finance, which can include accounts receivable, inventory, equipment, real estate, personal assets, letter of credit, and government guaranteed finance. A customized mix of unsecured and secured debt, designed specifically around your company’s financial needs, is the advantage of having a strong cash position.The cash flow statement is an important financial in tracking the effects of certain types of finance. It is critical to have a firm handle on your monthly cash flow, along with the control and planning structure of a financial budget, to successfully plan and monitor your company’s finance.Your finance plan is a result and part of your strategic planning process. You need to be careful in matching your cash needs with your cash goals. Using short term capital for long term growth and vice versa is a no-no. Violating the matching rule can bring about high risk levels in the interest rate, re-finance possibilities and operational independence. Some deviation from this age old rule is permissible. For instance, if you have a long term need for working capital, then a permanent capital need may be warranted. Another good finance strategy is having contingency capital on hand for freeing up your working capital needs and providing maximum flexibility. For example, you can use a line of credit to get into an opportunity that quickly arises and then arrange for cheaper, better suited, long term finance subsequently, planning all of this upfront with a lender.Unfortunately finance is not typically addressed until a company is in crisis. Plan ahead with an effective business plan and loan package. Equity finance does not stress cash flow as debt can and gives lenders confidence to do business with your company. Good financial structuring reduces the costs of capital and the finance risks. Consider using a business consultant, finance professional or loan broker to help you with your finance plan.
Fertilizer Production Displays Adverse Effects On Phosphate Industry Workers
Fortunately for the United States, Central Florida is home to the largest known phosphate reserves in the world. Phosphate and its derivatives are essential to continuing life on Earth, based on phosphorus and related nutrients from nitrogen. It is safe to say, phosphate reserves located in the United States are critical to the economy and national security concerns as well.Both the U.S. economy and safety depend on phosphate reserves in the U.S. and around the world. The United States is known to have over seventy percent of the world’s phosphate reserves. Florida reserves are over ninety percent of phosphate reserves found in the U.S. Basically; Central Florida is ground zero for phosphate mega-mining. Phosphate is needed for one’s health, but phosphate mining and fertilizer production are linked to severe illnesses and even death.Historically, Florida’s phosphate industry has little if any oversight from state and federal level officials. Until recently, industry practices were overlooked or regarded as benign to Florida’s environmental health issues. Interestingly, the industry today is alleged to be responsible for the greatest threat to Florida’s environment, based on comments from the Department of Environmental Protection.Phosphate companies have stripped mined central Florida for over 60 years which benefits local economies located near one of the many phosphate mining plants. The industry in central Florida employs hundreds of workers and seems to offer stability for one’s livelihood. From the outside looking in, it appears industry workers have employment longevity to support a comfortable lifestyle. Industry employs many good people and their jobs can be dirty, dusty, smelly, hazardous, and back breaking as well.Florida’s phosphate industry workers seem to have stable incomes and can afford health, dental, and life insurance policies for themselves and their families. Now that health care is affordable, industry workers pay their premiums and begin seeing their doctors for illnesses, checkups, and prescription medicines. Phosphate mining workers now have medical histories and can track their health problems over time, in some cases, years of employment with the industry.One may expect healthy industry workers due to continuous health care over time. However, statistically, research shows industry employees have higher than average adverse health effects, reportedly from exposure to phosphate mining and the production of fertilizers. The primary illnesses with industry workers are respiratory and esophageal health related. (1)Health Threats To Phosphate Industry Workers DocumentedResearch results completed in the late 1980′s, statistically show increased adverse effects on industry workers including higher incidences of respiratory illnesses such as lung cancer and cancers related to the esophagus. Data indicates the longer one works for the phosphate industry; the greater one’s risk to become ill due to respiratory, esophageal, and radiation poisoning issues. This is called a “dose-response relationship” (2). Historically; the mortality rate for phosphate industry workers is much higher than Florida’s state average mortality rate for similar illnesses and ages. The research also considers similar habits such as smoking or chewing tobacco. The illnesses discussed here are related to respiratory, throat, and radiation exposure as well. (1) The research reflects phosphate industry workers employed for longer than eleven months.Research indicates employees directly exposed to the process of producing fertilizer from phosphate are the industry workers most likely to display adverse effects concerning respiratory illnesses and diseases related to alpha and gamma radiation emissions. The emissions are based on uranium and radium existing in fertilizer production waste by-products. Research displays the further away one’s job is from the production of fertilizer; the less likely one will contract related illnesses. The statistics show a greater number of illnesses directly linked by one’s proximity to the manufacture of fertilizer from phosphate.Florida’s phosphate industry offers employment stability for local economies adjacent to mining facilities. However, phosphate industry employees may be at risk for serious respiratory and esophageal illnesses due to their proximity to the production of fertilizer.Reference1. Cancer Morbidity and Mortality in Phosphate Workers1, Departments of Epidemiology [G. B., G. M. A/., R. S.] and Environmental Health Sciences [T. M.J, The Johns Hopkins School of Hygiene and Public Health,Baltimore, Maryland 212052. [CANCER RESEARCH 48. 7298-7303. December 15. 1988]