We had pending legislation back in 2013 in Washington State that would have stopped false advertising of plumbing services to the consumer by those that were not licensed but… we never got it passed. The reason it failed was that nobody but the cheaters had any interest in the bill.
Lack of effective plumber license enforcement in Washington State is transforming a skilled licensed trade into a commercial con game costing consumers and skilled craftsmen dearly.
The Issues Affecting Licensed Plumbers and Plumbing Contractors:
1. Unlicensed Plumbers – ineffective enforcement of plumber licensing
2. Fake Plumbing Companies – General Contractors Advertising Plumbing Services
3. The Cost of Advertising – Is incredibly high due to unfair competition from the unlicensed
4. Lack of Consumer Awareness – They don’t know that real plumbers are a licensed trade. (Drain cleaners are not plumbers)
5. Other trades wishing to perform plumbing services – i.e. Builders,General Contractors and the HVAC trades
The plumbing trade is a regulated industry in Washington State. All plumbing work must be performed by those with a certificate of experience; in other words – a license. Over the years there can been a concerted effort by those not in the plumbing trade to violate the law that restricts who may engage in the trade. The attack on the plumber and the plumbing contractor has come from multiple directions.
There is not one enemy of the licensed plumber,but many. The most significant root cause of the plumber license losing credibility and value over the years is the passivity and inattention of the licensed plumber. As a rule,once we have the license in our hand we don’t think much about it other than to complain about the renewal fees or the imposition of the continuing education requirement.
A plumber license represents years of study,certified training and official permission to engage in a regulated profession. The dictionary defines license as “a permission granted by competent authority to engage in a business or occupation or in an activity otherwise unlawful”. A license excludes others by law.
If enforcement of a law is weak or ineffective – nobody will obey the law.
Today the plumbing industry is under attack from those that wish to be engaged in the business of plumbing without a license. The sad fact is that there hasn’t been much resistance from those of us that are most affected i.e. licensed plumbers,plumbing contractors and homeowners. The plumbing industry has been invaded by anybody that wants to represent themselves as plumbers without the license because nobody has had a keen interest in the enforcement of plumber licensing.
Who is violating licensing laws? Answer: Anybody who wants to…
The following trades and businesses all advertise plumbing services today – effectively violation of existing law:
1. Rooter companies with no licensed plumbers or only a token plumber
2. General contractors advertising plumbing services
3. Plumber trainees that abandon their training and advertise as contractors
4. Handymen with or without contractor registration
5. Fraudulent website plumbing companies with fake registrations
6. HVAC companies advertising water heater sales and installations
7. Water heater companies advertising installation of water heaters
8. Hardware stores offering water heater installations
9. Building maintenance service companies providing plumbing repairs.
10. Retail Stores – Home Depot,Lowe’s
11. Marketing Companies with fake websites selling leads
12. Third Party Referral Services that promote plumbing businesses with no licenses
13. Website re-sellers
14. Amazon is now selling plumbing services on their website (2016)
It is a long list…
As a licensed plumber for over thirty five years,I have to admit that I had no idea how easily my license could become a worthless piece of paper until I saw my phone traffic drop off and customers demanding that we match quotes from unlicensed competitors. I didn’t realize that the value of a license is based solely upon what others think it to be. It’s like money. Money is just a piece of paper with ink on it. It only has value if you and I agree that it has some representative value. A couple of hundred years ago a dollar was a day’s wages. Today a dollar might buy you a day-old doughnut. That dollar bill is only worth what we are willing to trade it for. My father described Italians during the Second World War hauling lira in wheelbarrows to exchange at the bank for a few US dollars.
My fear today is that our plumber licenses will be worthless soon and we won’t even notice until it is too late. The homeowners don’t know that plumbers need licenses so the license is worth nothing to them. The rooter companies advertise plumbing with a contractor registration as cover (anybody can get a contractor registration) – the public assumes a contractor registration is a license. They don’t know the difference because the rooter companies,and others,have aggressively been substituting “plumbing technicians” instead of plumbers for years.
So what is the solution?
Well,I don’t know. It would help if the consumer knew that any plumber they hired needed to have a license in their pocket. It would also be helpful if there was a local business directory that wasn’t full of unlicensed plumbing advertisements.add comment
By John Sage Melbourne
The second factor is that the customer’s situations change when they exist with an chance such as the acquisition of another financial investment.Picture you participate in an public auction on a Saturday morning,which takes place to be underway as you are driving by.
You pull over,sign up with the public auction as well as understand that the home is about to be cost a bargain cost.
A gold chance has actually emerged. As well as you simply occur to have your cheque book in the glove box of your automobile. If you have a set passion loan you can expect hefty charges to be applied when you approach the financial institution for additional money for your new acquisition.
If instead you regulate a line of credit,after that your chequebook linked to your home loan will certainly offer you access to your redraw facility. You are the last to bid at the public auction,the home is knocked down to you as well as you are the honored proprietor of a new financial investment home! You have actually been able to act instantly without having to go back to your original financier to look for permission to borrow an additional amount versus your gathered equity.
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If nonetheless you held a set passion loan it would certainly have been needed to re-finance your present loan. To do so would certainly have involved a hefty fine. This is a situation which takes place to be really typical – set passion fundings frequently become really pricey.
It is very important to note that the line of credit home mortgage defined earlier is always a variable passion loan. Understand that banks just provide set passion fundings since it pays to them to do so.
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So,you want to start a plumbing business. This could be a terrific decision,or,it could be the worst idea ever. Starting a plumbing business,or any business really,involves a certain amount of structured thinking to put everything in place,and making sure that you have thought of everything. By following this strategy planning process,you will have covered all the important aspects of getting your planning and strategy in the right place,and this will make the starting of your own plumbing business some 450% more successful.
The Strategy Required to Start Any Business
Starting a plumbing business,a bakery,or a high-tech company all requires the same basic thinking strategy. To remember it best,use the EASI acronym. In this case,E stands for emotion,A for achieving a win,S for simple and straightforward and I for the implementation.
Everybody wanting to start a business should be aware that it is going to involve plenty of challenges,hardships,stress,worry,and a multitude of other issues. The process of starting a business has often been likened to jumping off a cliff,and building an aeroplane on the way down. It will mean sleepless nights,long working hours and the unwavering support of family and friends around you. This is real,and the reason so many start-up businesses fail.
The first step,therefore,is to examine the reasons that you want to start the business in the first place. This involves an examination of the emotions,or feeling behind the rationale of starting your own plumbing business. Everyone will have their own reasons for wanting to start their business. It may be as a last resort as they are unable to find employment in the field,it may be that they hate having a boss,it may be that they want to become extraordinarily wealthy. Whatever the reason,it is essential that the owners of the business,if there are more than one,are aware of the strength of their emotions regarding the venture. This will determine the power of the motivation,the real forces behind the venture,and,with the aid of a skilled consultant,allow the prospective business owners to determine if their vessel will survive the storms on the ocean,or if there needs to be some additional emotional management included.
The second item speaks to the vision,or goal of the organisation. A prospective plumbing business may have as its goal to be a loss leader and therefore a tax write-off. It may be that achieving a win with the business would be familial survival,or putting children through school. Either way,all the owners need to be able,collaboratively,to understand what the goal is and to have a combined vision of the business that everyone can buy into. Without this shared vision,any subsequent planning and strategizing will ultimately be negated and sporadic,with everyone involved having different goals and aims,instead of pulling together in the right direction.
Keep Things Simple and Straightforward
It does not take any real skill to make things more complex. The real genius in any situation is to make things more simple. This line of thinking is propagated by all the top entrepreneurs such as Richard Branson,Bill Gates,and Elon Musk. Albert Einstein often used to say that if you couldn’t explain a thing to a six-year-old,you didn’t understand it yourself. In light of this strategic thinking,the next piece of advice is to keep all your plans and strategies simple and straightforward. Set a goal that everyone involved,all the stakeholders,can buy into. See where you currently are,and plan a way to get to that goal that all concerned can understand,appreciate,and take ownership of.
The final step in setting up a new plumbing business is to implement the strategy. Without a rigorous implementation strategy and plan,all the goal-setting and personal examination of business vision and motivation will just become a distant wish. Implementation plans fall into five basic categories; overall business strategy,financial planning,human resources and communications,sales and marketing,and project management. All businesses must be able to conduct planning with respect to these five regions of business expertise in order to be successful.
Implementing Your Plumbing Business Strategy
The first step in initiating the plan within all the five sectors that need examination is to complete a real,practical,and genuine business plan. Having gone through the initial strategic thinking process as outlined above,compiling an overall business plan should be relatively easy. Nevertheless,failing to spend sufficient time aligning a business plan to the strategy will mean that the business is also likely to fail,because one of the well-known factors in determining business success is that more than 80% of successful businesses have determined their overall strategy in detail,aligned the business plan,gone into each aspect of the business plan in detail,and repeat this strategic thinking process regularly amongst all the stakeholders.
Once the business plan has been compiled in detail,with all the necessary inputs being not only realistic but pragmatic as well,then the detailed considerations in each of the five business aspects can begin. This should dovetail with the business plan,but expand on the details simply stated in the plan to some extent. In the case of a plumbing business as we are considering here,some of the parameters in these five aspects of the business will be examined. Not in an attempt to intimidate any prospective plumbing entrepreneurs,but rather in an attempt to illustrate the importance of this strategic thinking process,and the reasons why it should be conducted in detail,and why utilising effective and experienced business consultants will not only increase the chances of success,but probably save substantial money in the medium to long term.
Five Business Areas to Conduct Planning
These five business areas,as related to a plumbing business,are strategy,financial,sales and marketing,human resources and communications,and projects. Overall strategy has been discussed in some detail,and following the above instructions will guarantee success in this regard.
The financial planning aspect when starting a plumbing business is of crucial importance. A detailed understanding of potential income,and expenditures related to the running of the business need to be examined. Whereas these are obviously tied in the overall strategy,the practical aspects of a plumbing business will need to be added by the stakeholders,using their experience and knowledge of the field. Office premises,the maintenance of stock and supplies,transport,and the ability to survive until the income exceeds the costs needs to be determined. All potential financial considerations,such as stakeholder input,the possibility of generating loans and financial support and receiving up-front payments all need to be planned in great detail.
Income of a plumbing business is directly related to the amount of work undertaken and the charges levied on this work. In an overall sense,the amount of income must exceed the costs of the business,and the aim of any sales and marketing plan is to ensure that this is,in fact,the case. With the advent of social media and the internet,the avenues available to market a business have increased exponentially. The starting point for any plumbing business,like any service related business,is to determine in as much detail as possible who exactly the people are that would be providing the business with revenue. These people,as a whole,are called the buying persona of the business. A plumbing business may,for instance,decide to stay small and provide after-hours services to family and friends,or it may target large corporate projects and tenders. Or anything in between. The better any prospective plumbing organisation understands exactly the behaviour,like,needs,wants,and aims of their prospective market the better they will fare. The example here is that a plumber who caters to the lower end of the economic market would use more print media and posters to advertise the business,while a plumber catering to an upper market segment may elect to use social media more since richer people have smartphones and will be reachable using digital platforms.
Human resources and communications requires detailed planning on its own too. Depending on the structure of the plumbing organisation,and their unique selling points,there may be a customer service department required,or a marketing department if this is the determining factor of achieving business. Planning and structuring the organisation accordingly will depend on the overall aims and vision,but will need to take the entire business plan into consideration.
Plumbing services generally will require on-site operations and the effective management of these operations as individual projects. Good project management is key to any service industry and the basic principles of project management is going to be essential. Once again,though,project management should not be seen as a complex and difficult issue,but rather a simplified and straightforward way of dealing,and communicating with all the stakeholders involved in every project.
The Required Starting Blocks of a Plumbing Business
These steps,as outlined above,if conducted thoroughly and efficiently,with the businesses core vision in mind and a positive collaborative mindset as a starting point,will ensure that the business has a better than 80% chance of success. However,as stated numerous times during this discussion piece,this is not a 5-minute exercise. This is a detailed strategic thinking process that will require honesty and commitment. There are certain things,therefore,that should be borne in mind before even embarking on the strategy process.
The first is an audit of the emotional intelligence of the stakeholders in the plumbing business. Like any service industry,plumbing involves hard work and much on-site work where things can easily go wrong. A high emotional intelligence score amongst the business owners is the best possible indicator of success. Emotional intelligence means being able to cope and manage the stresses and challenges involved,it means training your mind to find solutions in the midst of chaos happening all around you,and it means being able to be an effective leadership team who can steer a business through uncertain times. On the other hand,it does not mean someone who succumbs to the influences of anger or vindictiveness. Emotional intelligence can be learned and improved upon,so it certainly can be developed,but it is key that this quality be determined before initiating any business.
Secondly,there needs to be an understanding that knowledge is vital. The prognosis for a baker who wakes up one morning and sees a plumber friend making lots of money and then decides to start a plumbing business is unfortunately not very good. Plumbing,in order to be successful,needs to be done well. In a highly competitive business environment such as there is today all over the world,any business needs to actually be good at their job to be successful. It is for this reason that it is a prerequisite of starting a plumbing business that the stakeholders at the very least have access to high quality plumbing services. This includes knowing all aspects of the work,the market potential,and the survival rates of their competition. Without this core knowledge,no matter how good the strategizing process and the plans that come out of it,there is no chance of success.
In conclusion,therefore,starting a plumbing business is easy. Starting a plumbing business that is successful and over the short,medium,and long term can deliver on the aims and requirements of the owners is less much less easy. The key differentiator here is having a good,well thought out and innovative strategy,and using this strategy to generate and compile effective implementation plans in the right areas. JFK always used to say that efforts and courage are not enough without purpose and direction,and so it is with many things,and starting a plumbing business is one of those things.add comment
It is extremely easy to get into financial trouble in today’s world that commonly uses credit in many types of purchases. Credit cards and personal loans are common as people can easily apply and get approved of a credit to buy the thing they want that can’t be afforded with cash. If you are one of them,you may end up living with paycheck-to-paycheck and struggling to meet the monthly payments for the credit you have used in advanced. Don’t let the situation goes worse,you need to fix the situation immediately and stop the spending behaviors that cause the debt problem.
Debt consolidation can be a solution to restore your finance back to order,but you need to be careful if you need to consolidate debt to get rid of overwhelming amount owed. It is helpful to do a self-assessment of your financial condition before deciding to go for debt consolidation.
First,you should consider whether debt consolidation is a right solution to fix your financial burden,it can be done by defining the purposes of consolidating debt.
1. The high interest rates burden you
Although you can still meet the monthly payments of various debts,but the high interest rates make you pay more in interest and slow you from settling the amount owned because most of monthly payment goes toward the interest instead of principal sum. Debt consolidation can be the best solution as most consolidation loans have low interest rates compare to other forms of credits.
2. The monthly payment is too high,you want to reduce it
You are struggling to find enough money to make the monthly payment. It is too high as most of your income goes toward paying debt and you are looking for a solution to reduce it. Under this situation,debt consolidation can also be the best option. If you have a home,you may use it to get a secured consolidation loan that normally has the lowest interest compares to an unsecured loan. On the other hand,there are many low interest rate unsecured loans available for you to choose for consolidating debt.
3. You want to repair the damaged credit
If your credit is damaged by the existing debt due to late,miss or default payments,then it is important to get it fixed. Debt consolidation can be used for credit repairing purpose. But,if you credit score is too low,you may find it hard to get an approved consolidation loan,unless you own an asset such as home that can be used as collateral. If you manage to get an approved consolidation loan,then it is a good option to consolidate debt and repair the damaged credit. As long as you make the loan repayment on time,your credit rating will be improved.
4. You want to take advantage of debt consolidation benefits
There are at least 2 key benefits of debt consolidation: save money with low interest rate loan and ease of debt management. If you want to take advantages of these 2 benefits,then finding a consolidation loan with interest rate that is lower than the existing rates will help you save money by paying less interest with a low rate consolidation loan. After the consolidation,the multiple accounts are paid off,leaving single loan account to be focused on that eases the debt management with only one monthly payment.
Define the real purposes you are looking to achieve from debt consolidation help to assess whether the solution fits your financial needs.add comment
By John Sage Melbourne
What are your economic objectives? Specifically what do you seek to achieve financially as well as by when? It appears like a easy inquiry,but few individuals in fact take the time to consider it seriously. They have an suggestion of what they ‘must’ have as their economic objectives,but do not assume it’s sensible to establish serious objectives. This states a lot concerning exactly how certain individuals are about meeting their objectives.
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However,we can transform this mindset about now. Let’s record your economic objectives list. Start by dividing them right into particular categories such as:
- Boost individual earnings
- Fund childrens’ education and learning
- Acquisition an financial investment building
- Acquisition a bigger home
- Allow for minimum retired life needs
- Fund overseas holiday
- Acquisition a brand-new automobile
- Restore home
- Include a pool or tennis court
Longer term objectives:
- Buy a nation retreat
- Buy a leisure car such as a 4 wheel drive or a cars
- Buy a luxury yacht
Do these examples motivate you? Let them be a beginning factor and afterwards include your very own objectives under these categories. Remember when setting your objectives that the large majority fail simply because they aim too reduced!
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By John Sage Melbourne
To come to be a successful investor it is necessary that you have a variety as well as acquainted background expertise of the investment market you desire to go into or exploit.
To come to be proficient,you will certainly require to “see” what others can’t see. This is important to enable you to identify the lucrative possibilities that go undetected by others.
Investment insight takes ability as well as a wide “reference framework”
Each people have a frame of reference versus which we evaluate new. People with varying degrees of financial expertise will certainly react really differently to new financial information and even the day to day financial headings.
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As an example: what do you wrap up if you a news notifies you that the equilibrium of settlements shortage is down? You might draw any one of the complying with final thoughts:
- Something concerning the economic climate is down. That might be poor. I must be reluctant on investing recently.
- Exports are raising about imports,as well as international borrowing is getting less expensive. This might provide a significant boost to the economic climate. I’m going to make that investment currently.
- The equilibrium of settlements numbers are good,however I also recognize that company earnings are down,as well as forecasts of future earnings are poor. I don’t believe the securities market is at the bottom just yet. I’m going to hold off buying shares for the minute.
What makes the distinction between drawing one verdict vs. one more from the exact same information? It’s often our existing level of expertise as well as insight,forming our special as well as individual “reference framework”.
As you build on your investment reference framework get in touch with the complying with list. The complying with list therefore comes to be an investment reference framework list.
Your investment “reference framework” list
The proficient investor comprehends:
- The technical concepts that affect their investment market.
- What your very own individual worries as well as motivations are based upon
Review as well as broaden above list.
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By John Sage Melbourne
Poor good example
One more manner in which some battlers may misguide themselves is by making unsuitable generalisations concerning wealth creation based on bad good example. This can happen when a combatant has been subjected to one or more individuals who are either wealthy or is in the process of creating as well as accumulating wealth,as well as those specific personalities are not the kind of individual whom the combatant respects or wish to come to be. From the combatant’s viewpoint,maybe these individuals seemed as well hoggish,materialistic,or manipulative. Fundamentally,this is the process of “anti-role modelling”.
Rather than finding good example that deserve being imitated,the combatant finds negative good example whose practices as well as personality characteristics are taboo to their very own suitables as well as are as a result repellent adequate to be shunned.
Combatants who are in response to these ‘anti- good example’ commonly misguide themselves as they are being affected by their very own generalisations based on a minimal set of instances. Not all ‘creators of wealth’ are hoggish,materialistic as well as manipulative. Believe it or not,some wealthy people are actually really wonderful,simple as well as have a high feeling of integrity! It is very important to stay aware of your very own generalisations concerning the kind of individual you need to come to be in order to produce as well as keep wealth in your life. Illinformed Combatants subconsciously presume bad good example for wealth creation as well as as a result dis-empower themselves. You have to knowingly pick excellent quality good example to always equip yourself for maximum wealth creation in your life.
There is one more method which Battlers can misguide themselves through wrongly generalising from the experiences of wealthy good example. As opposed to reacting to an ‘anti-role design’,rather they may locate a favorable role model as well as mentally disengage from understanding that role model as well as their wealth creating practices.
A Battler may misguide themselves by thinking something like,”That’s simple for him/her,yet I do not have a natural skill for earning money like they do”. That as well as other comparable ideas will certainly stop the Battler from entering a new self-image as well as will certainly as a result seriously restrict their capacity for creating wealth in their life. As long as they think that wealth is possible for other individuals yet except themselves they will certainly remain to stay where they are as well as rise no additionally.
Among the reasons that a person may not be able to understand a favorable role model has to do with that individual’s stage of growth compared to the stage of growth of the role model. For example,if a person goes to Level No (non-development) as well as they get subjected to a person who is a fully developed,fully proficient capitalist as well as creator of wealth,then it would be natural for that Battler to feel that the successful capitalist is not like them (as well as they aren’t!).
However,it would be a lot easier for a person who is in the process of establishing him/herself as an capitalist to relate to as well as be encouraged by a successful role model. Subsequently,a person at Level No may locate it simpler to relate to another person who is just beginning to learn more about investing as well as is ending up being a Amateur Investor. While that may be simpler,the fact is that most Combatants normally locate just other Combatants as their good example as they will certainly be the most convenient with which to associate as well as recognize.
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A subtle variation of this sensations is how commonly individuals subconsciously take on the financial habits as well as patterns of their moms and dads or some other childhood authority figure. These authority numbers commonly mean well as well as are cherished by us as youngsters as well as young people. For that reason,we are commonly ‘imprinted’ with their financial patterns as an subconscious layout as well as role model for us to follow in our very own grown-up years.
Once again,it is critically essential that you understand the good example that you are using to review your very own identity,ideas,as well as behavioral patterns as an capitalist as well as creator of wealth.
Role models can come in numerous forms based on different time frames of their growth. There are successful good example that epitomise the excellent end state of having developed plentiful wealth in life,good example for taking part in the various developing stages of wealth creation,as well as good example for beginning the process of wealth creation at the very beginning. The level to which a person can relate to these various good example is extremely affected by the stage of growth they themselves are in at a particular moment.
Smart investors have strong good example that can symbolically guide them as well as give them a sense of direction as well as growth. These investors come to be encouraged by these good example. Combatants,on the other hand,have bad good example that misguide them in staying where they are as well as thus avoiding their growth. Combatants are commonly dis-empowered as their good example are commonly good example that personify financial battle as well as even more fighting.
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By John Sage Melbourne
The 2nd kind of battler as those we call “The Misguided”. They are misdirected in the feeling that they run from a belief system based upon incorrect presumptions,imprecise information and incorrect final thoughts. To put it just,they are misdirected because they have been conditioned with misinformation about wide range,cash and investments. Wealth production is difficult for them as their misdirected belief system immediately limits their capacity for wide range or worse yet,may also stop them from acquiring any type of level of wide range in any way.
This misinformation is available in various types and from various resources. Several of the most typical types and resources are:
â¢ cultural phrases and clichÃ©s.
â¢ poor recommendations from authority numbers.
â¢ unacceptable generalisations from personal experiences.
â¢ inadequate good example.
â¢ opposing beliefs.
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Cultural phrases and clichÃ©s
Everybody are exposed throughout our lives to the phrases and clichÃ©s of our culture. When it comes to the topic of wide range we frequently hear such cultural “wisdom” as,”cash is the root of all bad”,”cash can’t buy you joy”,”cash isn’t whatever”,”true wide range is more than simply cash”,” the rich get richer and the inadequate get poorer”,”it takes cash to earn money”,”cash does not expand on trees”,and a lot more.
The challenge for us as developers of wide range is to recognize which of these ‘words of wisdom’ are in fact smart and which are not. Most of these clichÃ©s just use in particular contexts and circumstances. Hardly ever do they ever use in all scenarios in any way times for everybody. The “Misguided Combatant” frequently believes and operates from these clichÃ©s (and frequently quite outside of their aware awareness) as universal truths. Unfortunately,many of these clichÃ©s not just protect against monetary success yet in some cases are in fact incorrect! For example,any type of great financier will tell you that it does not constantly take cash to earn money. You can,as a matter of fact,make substantial sums of cash without having any one of your very own cash at the beginning.
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Debt consolidation is one of those terms that gets thrown around a lot when people talk about money management and paying down debt. While it is a great strategy (at least for certain people),it is one of the least-understood money management approaches going. In fact,there are at least ten classic misconceptions about how debt consolidation works that people in debt need to have debunked.
Of all the financial plans available for people dealing with overwhelming debt,this is probably the most valuable and the least understood. In fact,you may already believe some of these common myths. Find out the truth!
Myth #1 Debt consolidation is the same or similar to debt management,debt settlement,and bankruptcy.
Truth Although the terms are thrown around a lot and even used interchangeably,there are some key differences. One things that set it apart is that it is not really a program (you can do it yourself if you want to) but more of a strategy.
In debt consolidation,you lump all of your debts together and repackage them. Debt settlement and debt management typically involve dealing with a company or counselor and the object is to reduce the amount you owe. Bankruptcy is a legal proceeding that involves a date with a judge.
Myth #2 Debt consolidation reduces your debt.
Truth No,it doesn’t. If you owe a total of $80,000 on several credit cards and loans and you consolidate that debt,you still owe $80,000.
In the strictest sense of the term,debt consolidation does not re-negotiate,settle,write off,or reduce any of your debt. What possible advantage is re-organizing your debt like that?
If you have a lot of loans at high interest rates,repackaging those higher-interest debts into one larger loan at a lower rate reduces your interest and the amount you have to pay. This means you can either pay less a month or (even better) pay the same amount but get the debt paid off sooner.
Myth #3 Debt consolidation will hurt my credit score.
Truth If you do it properly,it is likely to have no negative impact on your credit score. In fact,it may even improve your credit score! That’s because you’ll be paying off a bunch of smaller loans and any time a loan is paid in full,that helps your credit score.
Myth #4 Debt consolidation requires getting help from an outside agency or a lawyer.
Truth While there are companies and counselors in the marketplace who will help you deal with debt (in many different ways),you can also consolidate debt on your own.
Of course,if you want to handle this on your own,you have to know a bit about how to do it and what the options are. But it can definitely be a do-it-yourself project for people good with money (or who are willing to learn enough to get good with money).
If you reorganize your debt yourself in that way,it is also not necessarily visible to outsiders. Your bank,the credit bureau,and other parties may not even be aware that you have consolidated debt. (However,if you negotiate or try to settle your debt,that will send up some red flags.)
Myth #5 Debt consolidation is something for financial losers and lightweights,not for people who know how to manage money.
Truth This is the most far-out myth. Reorganizing and structuring your debt more favorably is a principle that is used in business and by the super-wealthy all of the time. It is a way of organizing and structuring your debts in a way that is most advantageous to you.
Myth #6 Debt consolidation is just robbing Peter to pay Paul; you’re just getting more debt!
Truth It is indeed a way for you to pay off one debt by getting another debt. But not all debts are equal.
As an example,let’s say that you owe $10,000 and the loan is set up so that you have to pay 22% interest. For example,let’s suppose that I go to my credit union and work out a deal to borrow $10,000 at 12% interest. While both debts are still in the amount of $10,000,the debt at 12% interest is a better deal for me. I won’t have to pay as much per month or,if I make the biggest payments I can,I can pay it off sooner.
Myth #7 Debt consolidation requires you to be a homeowner.
Truth There is a grain of truth to this,in that owning a home definitely offers an advantage to anyone who wants to re-structure debt. (It doesn’t matter if your home is paid for or not,but you do need some home equity.) There are ways to reorganize your financial obligations even if you do not own a house.
Myth #8 Debt consolidation will make it harder for me to get future loans.
Truth In most cases,it is unlikely that anyone but a forensic accountant could figure out that you have reorganized your debt (unless you go through a debt consolidation company-that could leave a paper trail).
If you borrow money in one loan and then take out another,more advantageous loan to pay off the first one,you’re more likely to leave a paper trail of somebody who pays off debt responsibly. It is more likely to make you a desirable creditor.
Myth #9 People who consolidate debt just wind up digging themselves in deeper in debt!
Truth It is absolutely possible to consolidate your debt and then keep spending and get yourself in a big mess. That’s why you need good information and a plan to pay off your existing debt,manage your finances now,and start planning for your financial future.
There is no reason that many financial management programs cannot work to get you out of debt for good,but you have to have a plan.
Myth #10 Debt consolidation will allow me to write off some of my debts and it will stop bill collectors from calling.
Truth Let’s take these one at a time.
Unlike bankruptcy,true debt consolidation will not allow you to write off any of your debt-not a penny of it. Whatever you owed as a debt before consolidation is the amount you’ll owe after consolidation.
So why would anyone use this approach? Well,it is a new loan and it is structured in a more favorable way than the older loans. You do not get existing debts cancelled or decreased! Now it’s true you can work that out in other debt management solutions (debt settlement lets you reduce debt,bankruptcy will let you write some debt off) but they come at a price. Both of these approaches can have a negative impact on your credit score,will make it hard for you to get future loans,and stay on your record for quite a while. Bankruptcy,in particular,is an extreme solution that involves an actual court proceeding and a judge who has the authority to make certain decisions about your financial situation (including forcing you to sell some items to pay off debts).
If you regroup your debts in this way,it can only stop bill collectors indirectly. Here’s how: let’s say you have six debts and you’re getting calls all of the time. If you re-organize your six debts into one large loan at more favorable terms,you’ll pay off all of those littler debts. Bye-bye,bill collectors!
However,if you don’t pay off your new bigger loan on time,the bill collectors will start calling again.add comment
Choosing your web design agency is a hard task. You should also be aware of the fact that not all internet sites that look great behave in the best manner. If you want a website that performs well,with good SEO potential and with a good ability to convert visitors into paying customers,you have to be very careful when you choose your web design and development firm.
If you are interested in this document then please do call Rouge Media Web Design Agency
You can search for a web designer on the web,as the good ones have at least a website,a business page,and two or three social media pages or accounts. Within a short time,you can fill up a huge list of potential agencies to help you create a good and powerful website. However,choosing the best of them is a matter of careful research of their work beforehand,market reputation,and work portfolios.
While you are doing this,make sure that you look at their previous work,so that you can see whether it matches your personal preferences in regard to the choice of colours and the overall style of the layout design. The ideal web designer should be the one who shares your own vision of what a great website should look like. In addition,you may want to pick a designer who has a great deal of experience with the type of web property you need. If you’re in search for someone to design your corporate website,you may not want to pay for the services of a skilled and experienced designer of e-commerce portals. You’d be better off with a firm who has a lot of experience with creating corporate websites,as their basic usability principles differ than the ones of an e-commerce site. If you want a truly interactive website,you should seek for a web designer who has built lots of interactive websites for other customers.
As most of your customers will access the web from their mobile phones,it comes without saying that your web designer must have a very good knowledge of responsive web design principles and best practices. You can’t afford to have a website that’s not mobile-friendly,as you would lose a lot of users,trust and credibility.
Always seek for quotes from several firms before taking your final decision. Then,when you ask them to give you a quote on your project,make sure that you also get some references from their former or current customers. By checking these references,you’ll have the opportunity to find out how good these potential companies are in terms of client-agency communication,and the many other details that could influence your decision.
The geographic location of your web design company may not be that vital,as you can communicate with them over Skype or other video conferencing methods. Nevertheless,if you want to meet your supplier face-to-face,you be better starting your research by searching for businesses in your neighbourhood and expand it only in the case you can’t find anyone suitable nearby.
So basically what you have to do is to gather all these quotes,compare them side by side and choose the one that best suits your requirements.
If you are interested in this document then please do call Rouge Media Web Design Agencyadd comment