Discount Motorcycle Insurance

By insuring your motorcycle with some insurance companies, you may be eligible for many discounts that could significantly lower your insurance premium payments.

Some insurers will give discounts for experienced riders - for safety, and even a discount when you switch your motorcycle insurance to to their plan. If you're a lucky motorcycle insurance policy-holder, you might be eligible for the following discounts;

10% discount when you renew your motorcycle insurance with said motorcycle insurer

10% discount for completing a motorcycle safety foundation, or military safety course

20% discount if you are a current motorcycle safety foundation instructor

10% discount when you transfer your motorcycle insurance to with said Motorcycle insurer

10% discount if you insure more than one motorcycle

10% discount for mature riders

5% discount on your motorcycle policy if you also insure your car with with said motorcycle insurer

While discounts and low motorcycle insurance prices are a super reason to purchase your motorcycle insurance with these discount insurers, you want to make sure that you get coverage from a partner that has the financial stability to be there when the time comes.

4 Main Ways of Getting Motorcycle Loans

I. Personal Loans: Many people with bad credit tend to many times go for personal loans. I only recommend this option as a last resort, but I would much rather a bad credit applicant get the credit straight before getting a personal loan. The reason being is personal loans typically have very negative terms for motorcycle buyers and they can sometimes have interest rates in the 30% range. This is not a good situation for a motorcycle buyer.

II. Online Motorcycle Lenders: The nice thing about working with online motorcycle lenders is that you are going directly to the lender and there is no middle man involved with placing you in a loan that may put you in a bad situation. Going directly to the lender for bad credit motorcycle loans is always better in my opinion because the lender does not want to place you in a loan you will default on. On the other hand, going through a middle man you will find the middle man will want to place you in a situation where they will make the most money which could be a very bad loan for you.

III. Local Banks: Sometimes local banks can be an option for finding bad credit motorcycle loans, but typically they are stricter than Credit Unions. So check with your online motorcycle lender or credit union before going to a local bank. But similar to a credit union, local banks probably do not have a ton of their loans in motorcycles so this helps you chances of getting approved sometimes. Many times the less experience a bank has with motorcycle loans the better for you because they can sometimes evaluate bad credit motorcycle loans the same way as a car loan which typically is much more lenient.

IV. Credit Unions: Your local credit union may buy bad credit motorcycle loan more often than the average loan at a dealer because the credit union only has a small percentage of its overall loan portfolio in bad credit motorcycle loans. This allows them to control losses a bit better than a dealer because they have other thinks finance not just motorcycles. So they may approve bad credit motorcycle loans a dealer will not touch.

 

Small Post on BC (bad credit) Business Financing

Another small business loans article from financing-usa.com. Enjoy!

Some business loans with bad credit investors will require substantial collateral, others will want to tie up your receivables, others will want to see that your business has superb credit and can prove it can debt service the loan, still others will blanket lien all your business and personal soft-assests.

Due to the fact that these investors will make these higher risk loans, they therefore tend to charge substantially higher interest rates. Even though these lenders will consider making business loans with bad credit they each have their own unique lending criteria.

If your personal credit scores are below 640 you are going to need excellent business credit scores to get approved for business loans. Lenders look at the risk involved in making your loan and that is going to be determined according to your credit history. Markedly individuals with a history of bad credit are more likely to have late h and to default entirely.

Banks won't even think about lending to a person with bad credit, so don't apply there. But there are many institutions that may relate your business loan with bad credit application. Some lenders actually specialize in bad credit loans. These dealers will consider making loans that are sub-standard by most fiscal criteria.

The Sunshine Act

The “Sunshine Act” for the student loan industry is a welcome act. Below is a little ditty on the act.

Story….

Here is a list of do-s from the Student Loan “Sunshine Act”. This is hopefully good news for the future of the student loan industry.

As follow is the code of conduct – (guideline we hope gets followed)

Each institution would be required to develop and display on its web-site a code of conduct with these provisions:

- Institutions would be prohibited from recommending a lender in exchange for the lender providing material benefits to the institution or its employees.

- Lenders and affiliates would be prohibited from giving any financial benefits (including the chance to purchase stock) to employees with any financial aid responsibility as compensation for consulting services, advisory council service, or otherwise advising lenders.

- Lenders, guarantors, or services would be prohibited from offering gifts to institutional employees-including any gratuity, favor, discount, entertainment, hospitality, loan, or other item valued at more than a nominal amount. Examples are gifts of services, transportation, lodging, or meals.

The term "gift" would not apply to informational material related to loans or financial literacy (e.g., a brochure). Similarly, food, refreshments, training, or informational material that is an integral part of a training session designed to improve the lenders service or contribute to professional development of the institution's employees would be allowed.

Counseling provided to borrowers for exit counseling would also be allowed, provided that an institution's staff controls the counseling and that the counseling doesn't favor a single lender.

Uncle Cecil Vents On Payday Loan Writers

Look like good old Uncle Cecil is having another grumpy day. He had a little rant on payday loans in this piece below. He is right though. For anyone to say payday loans carry a slightly higher interest rate than other lending products is ludicrous.

It never cease to amaze me how much crap I see online. When it comes to slime lending, it never stops flowing. Below is a classic bit of gibberish written on payday loans.

“The interest rates of no fax payday loans are slightly higher. But borrowers should take the advantage of the prevailing competition fever among the lenders and can spot a marginal rate. So, to get reasonable rate borrowers should collect and compare the quotes offered by different lenders.

No fax payday loans have made the process of withdrawing cash much easier. The cash can be approved within the same day or before the next business day, which ever is possible earlier. The services of no fax payday loans no paper required also makes the approval process fast and free from documentation process. The no fax payday loans provide services round the clock.”

Notice how they make it look like a payday loan is actually a good idea. My favorite line is that faxless payday loans have “slightly higher” interest rates.

How about 300%!!!!

Calm down Uncle Cecil….better go back to poking your pipe with wacky-tabbacky again.

Car Loans - Offline or Online?

Piece on online car loans from Loanspoke.com

Car finance in America don't have to be from just the local banks anymore. The special advantages of online car finance loans makes it possible to get a loan from a finance company based anywhere in the United States.

The process for car finance loans has changed considerably too. The online lenders can often approve a loan more rapidly than their traditional counterparts. If you are new to the world of online banking or online financing you are not alone. The vast majority of the consuming public still opt for traditional banks and their recent policies and procedures.

The subjective nature of car finance loans ensures that all parameters must be taken in to account before individuals will make a choice on which source to use. (online or offline) Welcome to the new world ladies and gentlemen. It's a brave new world indeed. You must trust the online "secure" information process if you wish to take advantage of web based car finance loans.

If you can find some good web sites that provide information and links on auto loans you can come out ahead. One of the first things I noticed when considering a writing gig with www.loanspoke.com was their suggested bankers.

For example I noticed the bad credit car finance loan provider found on their site is one I have never seen online before. As it turns out there is a reason for that. This car finance company will not do business with just any webmaster. Only sites that have proven to provide sound information will be selected for partnership.