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When a lender agrees to finance a vehicle purchase, a lien is placed on that vehicle. The lien says that the lender has an interest in it until the loan balance is paid off. If a borrower doesn’t comply with the terms of an auto loan, the party that holds the lien has the right to repossess the car. What are some ways to increase the odds of doing so successfully? Maintain Good Customer Relationships Customers who feel as if they have been treated fairly by a lender may be willing to abide by a request to repossess a vehicle.…
When your residence doubles as your business, you have even more things in your home that you need to protect, both from a physical and financial perspective. Keeping your home business safe and secure requires some forethought, but when done properly, it provides you with peace of mind. Solutions range from the simple to the more complicated, but you can also get more bang for your buck when you plan. Some things can be security-related, while other solutions protect your business in other ways. Here are some ways to keep your home business secure as it grows bigger. Legally It…
Many people often have the conundrum of choosing between a career that pays well or forgoing a good salary to pursue their passions. Well, what if you can have both? While every career path has its pros and cons, there are many high-paying jobs that allow people to earn a good living while helping others. Here’s another way to look at it: If you pursue your passion, you might not be able to afford rent or to feed your family. So, will it really make you happy? In the end, you must decide. But, to help you make a choice,…
If you are either a newcomer to the banking industry or even just a casual customer, you probably have often wondered what financial institutions do about those loans that are considered “non-performing” or “toxic.” In other words, what does the bank do about a loan where the payments are not being made? When it is a car note or a house mortgage, the answer is simple: simply repossess the car or foreclose on the house. However, what about smaller loans for such things as furniture or computers? There are a number of strategies that financial organizations use for allowing for…
MLM stands for multi-level marketing. This means that a portion of profits that you make are given to the person who got you into the program. A portion of that profit goes to the person who got that person into the group. Money trickles up, and the more people you have brought on board, the more you stand to make. Whether it represents a legitimate investment depends on its emphasis and your strategy within the company. How They Work An MLM is, in part, direct marketing through representatives rather than through retail stores. However, as an incentive for sales, commissions…
Hiring can be something that is fraught with potential minefields. While you want to find the best employee, there are also things that you can do wrong that can get your company in trouble. Here are some practices to avoid when you are in the hiring process. Create Implied Contracts What you say during the hiring process can be used against you later on if you hire the employee. XpertHR Practical Compliance warns that if you make a promise, you may be held to it in the future if it is deemed to be an implied contract. Of course, not…
Construction is a high-risk industry. If you have ever visited a construction site, then you know it has a lot of moving parts. An accident can occur that may cause an injury or death. Construction supervisors have a duty to protect their crew and equipment. Read on to find out about four important safety tips. Make Sure the Ground Is Level A level ground is important on a construction site. You are driving cranes, drills and oil rigs on the ground and parking heavy equipment. Uneven ground can make the equipment unstable and endanger your workers. For heavier equipment such…
Achieving business growth doesn’t happen overnight. It requires a lot of hard work and the right assets in place. When you have tangible (and intangible) assets within your operations, it can help you to connect with your target audience and work more effectively towards all of your sales goals. Innovative Technology Having innovative technology for your business can make a big difference in the way that you operate. Depending on your industry and the goals you want to achieve, there are all sorts of programs to invest in. CRM software can help to manage customer relationships more effectively while ERP…
Motivated employees directly add to the bottom line since they become more productive. You want to empower your employees and encourage them to take a sense of ownership in the company where they work. Here are some ways to engender those feelings in your employees. Give Them a Voice Thymo Metrics explains that employees who believe that their opinions are being heard feel more ownership in their workplace. Listening to your employees is one step that you can take to motivate them that does not cost you anything. Whether it is through a suggestion program or putting employees in advisory…
When figuring out the next best steps for your child and their future, college is often one of the first things parents think of. Here are six of the best college degrees for a secure financial future for your young adult. Construction Management Since the Industrial Age, buildings and planning construction have been on the rise in ways never seen in the past. This has not changed even in the last 10 years. A degree in construction management will allow your child to oversee the planning and development of buildings in a wide variety of locations. If your child has…