I have about 8 credit card accounts, only two have moderate balances, a few more with low balances and three at zero balance. Would it improve or hurt my credit score to close the three with zero balances?
I do have three paid in full they are zero balances- so I should keep them open- even at zero?
An e-book named “The A B C of Bookkeeping”. It approaches the understanding of double-entry from a completely new angle compared to the stereotypical text book. The book is centred around a unique diagram which clarifies when to debit and when to credit.
Sme Owner or Manager, Accounting Students, Accounts personnel
Bernanke encouraged by sharp drop in unemployment
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Fans’ faith in Serepisos is being tested
With the Wellington Phoenix Football Club once again in the headlines – and not for their exploits on the pitch – fans are fearing the club’s demise could be on the cards.The IRD is looking to liquidate five of developer Terry…
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Wilpon Opened 65 Madoff Accounts With JPMorgan And Bank Of America’s Support, According To Lawsuit
Wilpon was relying on his Madoff investments to pay off nearly $500 million in outstanding debt generated by his real estate firm, Sterling Equities, and the construction of Citi Field. He didn’t want to have to sell assets to pay it off.
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Students learn importance of credit
The North Platte Telegraph Today’s learning opportunities go far beyond the basic needs of the three R’s, as educators emphasize life skills that will give today’s students a better chance to hit the ground running when their final class bell has rung.
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An Optimistic Start to Investing in 2011, With Caveats
This year is starting brightly for investors, but good choices are still important. And the smart choices may change through the year.
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Hacked iTunes accounts for sale
Hacked user accounts for Apple’s iTunes Store are for sale on China’s largest retail website Taobao, providing illegal access to credit card details for music and TV downloads, state media said.
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Consumer Electronics Show: The Sharper Image attempts comeback
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BofA tests wider choices, prices on accounts
Bank of America is rolling out a pilot program that will offer its customers a menu of checking accounts with a variety of fee options.
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Calendar List
MONEY MANAGEMENT WORKSHOP offered by West Virginia University Extension service and Innovative Investments will be at 6:30 p.m. Tuesday at the Wees Annex Conference Room in Elkins, directly across the street from Tomblyn Funeral Home. The free workshop will focus on debt reduction and credit card issues.
Read more on The Inter-Mountain
Today in the Fortune 500
Qualcomm bids for chipmaker Atheros Communications, other car companies pull up to GM and Ford and Wells Fargo launches a mobile phone payment trial.
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Bank of America revamping accounts, fees
Bank of America revamping accounts, fees
Read more on Atlanta Journal-Constitution
In other words, sometimes I want to pay my credit card balance with checking account 1, and other times with checking account 2. Every time I want to change which account to use, I have to re-enter the routing number and account number. I want to be able to store this info for more than one checking account so it is easier to pay off the balance with either account.
I am looking for a personal finance website that can link all my accounts for a single view. I read about one months ago that had a community feel to it wherein people categorized their transactions and then the system learned and could match similar transactions across the community – i.e. you tell it that Kroger is a grocery and it will categorize my Kroger spending as grocery.
I am looking for a simple site that is free and can bring some value other than just aggregating my data to one location.
Any help is good help – thanks in advance.
I have recently checked my credit report and I realized I had several credit card accounts which were unused for several years running with a zero balance for some time.
I would like to close them to resolve my accounts and improve my overall credit.
I have to admit that some of the credit companies are quite odd (not cititbank or MBNA) but smaller credit houses from obscure stores I once purchased something to earn the 10% off etc.
How do I go about contacting the credit card companies to close these empty accounts?
The Merriam-Webster Online Dictionary defines “secret” as:
“1 a: kept from knowledge or view : hidden b: marked by the habit of discretion : closemouthed c: working with hidden aims or methods : undercover d: not acknowledged : unavowed e: conducted in secret 2: remote from human frequentation or notice : 3: revealed only to the initiated : esoteric 4: designed to elude observation or detection 5: containing information whose unauthorized disclosure could endanger national security”.
As used in this article, secret means: revealed only to the initiated; kept from knowledge or view; and designed to elude observation or detection.
The first secret- “revealed only to the initiated” relates to the fact that most schools, even business schools, do not teach the subject of factoring or purchase order financing; most banks do not offer these financing facilities as products. Therefore, it is not surprising that many businesses are unaware of the cash potential that lays dormant in their business invoices.
Let’s suppose you own a small to medium business and you depend on customers paying invoices within a 45-60 day period for your working capital. In essence, you are extending credit like a bank to your customers. For that period of time your cash is tied up in your invoices- your accounts receivable. This limits growth and may create problems regarding meeting payroll and paying your suppliers. Accounts receivable financing is the process of selling your invoices for cash as soon as they are issued which allows you to make more effective use of your assets. Purchase order financing is the process of obtaining a third party commitment to pay your suppliers as soon as products are received by your clients (in advance of payment by you or your client), based on the surety of an accounts receivable financing arrangement.
All businesses are limited in their growth and profits by the amount of capital and cash flow available to take advantage of business opportunities. The availability of virtually unlimited cash creates a powerful paradigm for potential growth. It also can expand your thinking about what business is possible and how you might go out and develop new business.
The second secret- “kept from knowledge or view” relates to the practice of non-notification factoring. Some business people are concerned that working with a factor, an accounts receivable financing company, may not be viewed favorably by their customers. In many cases it is possible to structure a transaction legally so that the accounts receivable financing is transparent to the ultimate customer.
The third secret- “designed to elude observation or detection” has to do with your business plan and how the way you think about the world can affect your success. In 2006 Prime Time Productions produced a film and a book called “The Secret”. The film dramatically describes the “Law of Attraction” which asserts that people’s feelings and thoughts attract real events in the world into their lives. Can your feelings and thoughts attract more business and success? Is the visualization of what you want an aid for manifesting your business goals? Is The Secret “just a new spin on the very old (and decidedly not secret” The Power of Positive Thinking (a book by Norman Vincent Peal written in 1952) wedded to ‘ask and you shall receive’ -as opined by Karin Klein, editorial writer for the Los Angeles Times? Did The Secret fail to discover the real roots of powerful thinking?
In the book, “The Diamond Cutter”, Geshe Michael Roach examines The Budda on Managing your Business and your Life. Roach graduated from Princeton University with honors, studied the ancient wisdom of Tibet and traveled to the Tibetan Lamas at the seat of His Holiness, the Dalai Lama. In 1983 he took the vows of a Buddhist monk.
His teacher encouraged him to enter the world of business. Mr. Roach choose the diamond business. He hid the fact that he was a monk and maintained a façade of a normal American businessman on the outside. The business developed from nothing to a one hundred million dollar per year business.
The original book, “The Diamond Cutter” is the “oldest dated book in the world that was printed rather than being written out by hand. The British Museum holds a copy that is dated A.D 868.” It is a written record of Buddha teachings from over 2,500 years ago. In brief, the central principles are: 1) business should be successful and make money in a clean and honest way; 2) you should enjoy the money and stay in good health; and 3) you should be able to look back ay your business and say your years of doing business had some meaning leaving some good marks in the world. I highly recommend “The Diamond Cutter” vs. “The Secret”.
The bottom line: accounts receivable financing and purchase order financing may be the secrets to your business’ financial success. If you read and follow the principles of “The Diamond Cutter” you can expand your opportunities for exponential growth based on the 2500 year old teachings of Buddha, as explained by Mr. Roach.
Copyright © 2007 Gregg Financial Services
www.greggfinancialservices.com
Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg Financial Services is a full service brokerage for commercial finance companies and banks that fund B2B businesses. We work with all industries and can arrange financing transactions throughout the US and Canada, Mexico, Australia, India and several areas of Europe including the UK, Ireland, France, and Poland. Mr. Elberg arranges funding from $25,000 to $50 million per month at competitive pricing, and works to reduce your financing costs as your company grows. For more information about GFS, please call 888 482 9221 or visit our website: http://www.greggfinancialservices.com
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