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To conduct a wire transfer, which is a secure format of sending money from bank to bank, provide a banker with the nine-digit routing number and the account number of the account to which the money is being sent. Wire money to someone in a hurry, which usually involves a $20 charge, with advice from a registered financial consultant in this free video on money management.
When choosing a bank, make sure they are easily accessible, have good hours of operation and offer a variety of services, and research their fees for opening an account there. Look into several different banks before making a decision, using BankRate.com to find a highly rated banking center, with advice from a registered financial consultant in this free video on money management.
To change your withholding to provide more monthly cash, fill out a W-2 form provided by an employer to get the least amount of money taken out of each monthly paycheck. Get a larger monthly salary, which usually results in a larger tax bill in April of each year, with advice from a registered financial consultant in this free video on money management.
Buying extended warranties on appliances is generally unnecessary, as many appliances require replacements not long after the factory warranty expires. Research what each extended warranty includes before spending more money on it with advice from a registered financial consultant in this free video on money management.
Closing a bank account usually occurs in phases, as most of the money is transferred to the new institution, leaving just enough in the account to cover any outstanding checks or fees. Close a bank account, receiving a certificate of exchange from the bank, with advice from a registered financial consultant in this free video on money management.
Checking someone's credit score is done by businesspersons about to grant credit to that person, and it requires his or her social security number, address and work place. Check a potential borrower's credit score to determine interest rates and premiums with advice from a registered financial consultant in this free video on money management.
Consolidating car loans can help pay off each car faster, as more than one car payment can be lumped together as one loan, enabling the borrowers to pay back the loan more efficiently. Consolidate two, three or more car loans with advice from a registered financial consultant in this free video on money management.
When comparing credit cards, go to BankRate.com to find the best offers available nationwide, work on improving a credit score to get the best interest rate, and regularly call the credit card company to negotiate the interest rate down. Compare several credit cards to get the best rates with advice from a registered financial consultant in this free video on money management.
Choosing a credit counselor begins by locating any free services available on a public servant basis, meeting with various private companies and comparing their fees for credit counseling. Find someone to help fix credit problems with advice from a registered financial consultant in this free video on money management.
Checking a bank's credit rating can be done online by visiting the Web site of Standard and Poor, Moody's reporting agency, Fitch or Bank Rate. Search banks in the area to receive their credit rating with advice from a registered financial consultant in this free video on money management.
Correcting credit reporting errors requires notifying the three credit reporting agencies of the mistakes and contacting any vendors who might have the inaccurate information on file. Be diligent when dealing with either Experian, TransUnion or Equifax reporting agencies with advice from a registered financial consultant in this free video on money management.
Checking clients' credit score can be done using either their social security number for an individual's credit score or their EIN number for a business's credit score. Find out if a client is paying bills on time with advice from a registered financial consultant in this free video on money management.
Checking someone's credit report can only legally be done by a valid business using the individual's social security number. As a business, check a client's credit report with advice from a registered financial consultant in this free video on money management.
Building a credit line enables an individual or business to have access to the checking account of a bank, allowing the customer to maintain short-term cash flow expenses and pay the debt back gradually. Build up a credit line with advice from a registered financial consultant in this free video on money management.
Building credit can be done by paying bills in a timely manner, exhibiting responsibility towards money managing and slowly building up more debt, all while paying the monthly bills on time. Build good credit for better financial opportunities for the future with advice from a registered financial consultant in this free video on money management.
To build up a credit history, get in the habit of paying bills in a timely fashion, as leaving a trail of successful bill paying creates credibility for the future. Keep in good contact with creditors to maintain a healthy credit history with advice from a registered financial consultant in this free video on money management.
The best way to build credit when you don't have any is to have someone with good credit co-sign on a small loan or credit card, which paves the foundation for good bill-paying habits. Build up good credit from scratch with advice from a registered financial consultant in this free video on money management.
Building credit with a co-signer is a great way to gain good credit from scratch or repair bad credit, as it shows the bank that you can make timely payments on a loan. Get a co-signer to build up positive credit with advice from a registered financial consultant in this free video on money management.
Canceling a credit card is done by cutting up the credit card, calling the company to give verbal confirmation of canceling and making sure all of the accrued interest charges are paid in full. Request a letter of confirmation from a credit card company after canceling a card with advice from a registered financial consultant in this free video on money management.
To check your credit rating, visit the Web sites of the three major reporting agencies or contact each agency by mail to request a credit report score. Stay updated on your credit rating to make sure there are no discrepancies with advice from a registered financial consultant in this free video on money management.
Clearing a credit rating can be done by contacting each of the major reporting agencies, Experian, TransUnion and Equifax, requesting a credit report and fixing any discrepancies in writing. Clear a credit report for a more accurate score with advice from a registered financial consultant in this free video on money management.
To clean a credit history, contact each of the three major credit reporting agencies, review the credit report provided by each, and edit the inaccurate information in writing before sending the reports back. Keep on top of a credit history to maintain accuracy with advice from a registered financial consultant in this free video on money management.
To build a home with no credit, purchase a plot of land using a small cash down payment and contract for the deed, slowly build the house using any resources available, and use the new construction as an asset to take out a mortgage. Build a home from scratch, even with no credit history, with advice from a registered financial consultant in this free video on money management.
Cashing a check is best done by first getting all contact information from the check writer, taking the check to the bank and presenting it with a photo ID. Cash a check at the bank, who will most likely put a hold on the money until it has cleared, with advice from a registered financial consultant in this free video on money management.
Checking a bank balance can be done by keeping a detailed check ledger, going to the bank in person to inquire about a balance or setting up an online account to check the balance regularly. Stay abreast of bank account balances with advice from a registered financial consultant in this free video on money management.
Personal finance is the application of financial principles to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, while taking various financial risks and future life events into account. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies and income tax management. In this free video series on money management, a registered financial consultant offers advice on credit scores, paying bills and investing. Find out how to open bank accounts, how to uphold a good relationship with the bank and how to stay on top of paying bills. Get information on building good credit, building a house with no credit and canceling credit cards. For the smartest money management, use this helpful personal financial guide.
Patrick Munro Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage industries. His goal for providing personal service to the senior market began in 1997 after relocating his family to Wilmington, N.C., and the founding of NorthStar Financial Advisors. Munro provides highly personal service to clients all over North and South Carolina, helping them to identify tax savings through various safe financial products and utilizing the various tax strategies available to seniors to protect their assets. In addition, Munro helps many clients eliminate the financial threat of long-term care and offers ways to avoid the unnecessary difficulties of probate court. He is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.dkdk
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