2012 February Business Реклама Recent Posts Archive for February, 2012 « Older Entries Is it possible to sell your scrap gold for cash February 21st, 2012 | Author: admin Is it Possible to Sell Your Scrap Gold For Cash?

The stock market continues to rise while the U.S. dollar continues to fall. Meanwhile, the price of gold has reached heights that have not been seen for decades. A lot of people are wondering if now is the time to sell.

If you own scrap gold, you can easily turn it into cash. Millions of people have items tucked away deep within their attics and garages that can be sold for a quick infusion of needed funds. From long-forgotten necklaces to dusty coin collections, your gold belongings may now be worth more than ever. It may be possible to turn them into a check for hundreds, even thousands, of dollars.

Below, we’ll clarify how “scrap gold” is defined and why there is a good chance you own more than you realize. We’ll also explain how you can sell it online. Lastly, we’ll describe an expensive pitfall you would do well to avoid.

What Is Defined As “Scrap?”

Scrap gold represents any item that contains gold that you no longer use, but can be reprocessed. For example, do you own a bracelet that has broken or become damaged? Do you own necklaces for which you no longer have a need? Do you own rings with missing gems? Even the filings from a goldsmith are considered scrap that can be reprocessed. Each of these items (and hundreds more) can be sold for a competitive price to online gold buyers.

How To Sell Your Scrap Online

Finding a buyer is easy; there are hundreds online. The challenge is to find a buyer who is willing to pay a competitive price per troy ounce. Once you find a trustworthy company to which you’ll sell your scrap gold, you’ll create an account on their website and print a processing form. The purpose of the form is to list each item you plan to sell. After completing it, simply mail the form along with your items to the buyer. You’ll receive an email from the company with their offer. Reputable companies will always let you choose whether to accept or decline their offer.

Many buyers will also be happy to send a postage-paid kit to your home in which you can mail your items. The kit will be have a tracking code and be insured through the post office up to a predefined dollar amount.

A Potentially Expensive Pitfall

One of the most common pitfalls that entrap a lot of people is to sell their scrap gold to a middle man. Middle men simply broker transactions between you and a refinery. They profit on the spread – the price they receive from the refinery less the price they pay you for your items. Fortunately, you can sell your scrap gold directly to a buyer that operates their own refinery. Doing so allows you to eliminate the middle man and enjoy a higher price since the buyer does not need to pay someone else to broker the deal.

When selling your gold jewelry, coins, casts, pendants, and other items, it is critical that you work with a reputable company. There are far too many inexperienced buyers online; many of them are less than trustworthy. However, with a little due diligence, you’ll find that your experience is smoother than you might have imagined.

Posted in Forex | Tags: , , , , , | No Comments » How a credit analysis service differs from a debt settlement program February 20th, 2012 | Author: admin How A Credit analysis Service Differs From A Debt Settlement Program?

How A Credit counseling Service Differs From A Debt Settlement Program?

There are many ways a person can dispose of liabilities. You can choose to go for a credit analysis service or milk a debt settlement program. These two options may seem the same but it is not. Basically, a credit analysis service gives the much needed financial steering for the person in debt. It also hopes to reduce debt by giving the indebted person many options to do so.

In contrast, a debt settlement program works for a reduced-balanced settlement. This just means that you can eliminate your debt by paying an amount lower than your original balance. For instance, you’ve a debt adding up to $5000 to a certain bank. With debt settlement, it is pretty much possible for you to settle your $5000 debt by paying $3500 in full.

In a this type of program, all you have to do is to go to a debt settlement company and ask about their services. Sometimes, the process is such that you pay your monthly dues to the debt settlement company rather than immediately paying it to your bank. The debt settlement company then keeps your payment as a settlement fund. Upon reaching a considerable sum of money, they’ll then conduct talks with your original banks so you can pay off your debt in a lesser amount.

If you come to consider it, this is a good way to get rid of your dues. But you have to think twice about this option because there are negative aspects about it.

The first being that going into a this kind of program is that it can severely affect your credit score. Most creditors aren’t ok with standard payments as a way of paying your dues. And naturally, you will not be at ease if you are asked to pay your dues in full . So, you resort to waiting for your settlement fund to grow and stop paying without delay to your lenders.

But small did you know that even if you go for a debt settlement program, your account will still continue to be overdue. And an overdue account equals a negative credit rating. Since your account is considered overdue, you can expect to get harassing collection calls and letters in spite of going for a debt settlement program. Not only this, you can even be sued by your bank if you continue to miss your payments.

Even if you save a lot by paying less than what you owe, the balance that your bank has relieved you of can be taxed by the IRS. Thus, it is necessary for you to check with your tax adviser for the right information regarding this situation . Nonetheless, debt settlement is satisfactory in situations when a person’s credit score has already been damaged. But if the credit report can still be salvaged from a negative rating, debt settlement should be steered clear of.

On the other hand, a debt management program helps a person lose debts by negotiating interest rates and fees. It also extends the payment details of your balance. Similar to a debt settlement program, you also have to make payments to the managing company but these payments will immediately be distributed to your bank within a week.

These are the areas where a debt settlement program and a counseling service differ. If you feel you need to avail of any of these options, be sure to ask your financial adviser before you make a call.

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