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A hard money loan is a type of loan that gives the borrower funds in exchange for assets in the form of property. These assets can vary but can include real estate property. Hard money loans differ from standard loans in that the lender loans money based on the value of the asset instead of the borrower’s credit score. There are specific uses for hard loans, as well as associated risks and benefits.

Hard money loans have become more common in recent times due to difficulty of obtaining traditional loans as a result of lack of traditional bank lenders and stricter monitoring of credit scores. However, hard money loans are not necessarily easy to find, as they entail proper networking on the borrower’s part, and a good reputation for prior similar transactions. Hard money loans are typically attractive to individuals with back credit scores, lack of a W-2 income statement, history of foreclosures, or property that needs repair. For this reason, hard money loans are used commonly in the real estate market for investors needing to make home improvements or repositioning, as they are easier to obtain. They are also attractive to home mortgagers who have exceeded the number of mortgages possible on a current home. In general, hard money loans can be obtained more quickly because of the lack of credit score and bank statement review, but instead more emphasis on the collateral value. The restrictions on collateral loans are far less, and the terms in which they can be paid back are more flexible.

In general, hard money loans carry more risk to the lender because the lender does not have a history of the borrower’s credibility in paying loans. A credit score explains the borrower’s history of paying back loans, but without a credit score the hard money lender has nothing to go off and is solely basing the loan off of the collateral value of the hard asset. For this reason, interest rates for hard money loans are higher than traditional bank loans. Hard money loans are risky for the lender, but loaners can reduce risk by having a good knowledge of the market in which they practice. A second way to reduce risk is to ensure that the borrower has a stake in the project for which the loan is being applied to. For instance, if the borrower is trying to repair a home with the loan, the lender can reduce his own risk if the borrower owns the home since the borrower will have a higher incentive to finish the project and pay back the loan. A third way to reduce risk is to ensure that the borrower has a good history of finishing the type of projects he is undertaking with the loan. Finally, the borrower needs to have a plan as to how the project will be undertaken and how the loan will be paid back. If these steps are carried out, the lender and borrower can increase the chances of a successful hard money loan.

Why Do You Need A Divorce Lawyer?

When you are going through a divorce, you can choose to attend to your case on your own, rather than hire an attorney. However, if you do, you are taking many unnecessary chances. By relying on information you found on a website or read in a book, you may not understand what is involved in crafting a divorce agreement, or making sure all paperwork is properly completed and turned in on time to the court. Because of these possible pitfalls, it’s usually best to hire the services of an experienced and knowledgeable divorce lawyer. To learn more about why this will benefit your case, here are some key reasons why a divorce lawyer is necessary.

Expert Advice
Perhaps most of all, hiring a divorce lawyer will ensure you will receive expert advice on all matters associated with your divorce case. From making sure property is divided up fairly to making sure child custody and support payments are crafted to everyone’s best interests, a knowledgeable divorce lawyer can provide the expert advice you’ll need in these situations.

Avoiding Mistakes
Since a divorce agreement will be a binding legal document once it is approved by the court, it’s crucial to make sure it contains no mistakes. By hiring a divorce lawyer to assist with your case, chances are many common mistakes will be avoided. For example, many people make mistakes regarding finances, such as failing to address medical or credit card debts that may have been incurred during the marriage. If these issues and how they will be dealt with by the couple are not spelled out in the divorce agreement, many problems can ensue. Therefore, always have a lawyer on your side who will take care of even the smallest details.

Eliminate Delays
If you are going through a divorce, the last thing you want to experience is a delay in your court proceedings. However, if you choose to conduct a do-it-yourself divorce without an attorney, plan on having one delay after another. From failing to file paperwork on time to not providing the court with the necessary information on finances and other matters, these and other mistakes will not only delay your divorce becoming final, but also add up to extra fees and court costs to correct any mistakes you make along the way.

Reducing Stress
During most divorce proceedings, it’s natural for people’s emotions to be running high, which creates plenty of stress. If you choose to not use an attorney, you’ll have even more stress, since you’ll be responsible for everything from start to finish. But by hiring a divorce lawyer, many responsibilities will no longer be on your shoulders. Once you gather the necessary information and hand it over to your lawyer, they will do the rest of the work, such as filing paperwork with the court and drafting any potential agreements. In doing so, you’ll be able to concentrate more on yourself, which will allow you to stay focused on other important matters such as your career and children.

While it may cost extra to hire a divorce lawyer, it will be a smart investment in the long run. By having a skilled attorney craft a divorce agreement that is fair and equitable, you’ll be able to move on with your life in a positive manner.

What Is a Waist Trainer?

The Kardashians aren’t the only ones who have jumped on the waist training trend recently. In fact, men and women alike can benefit from waist training or “waist taming.” But it’s important that you understand what a waist trainer is, what it can do, and what type might be right for you before you give it a go.

What Is a Waist Trainer?

Much like it sounds, a waist trainer is a shaping garment designed to be worn around the midsection to slim the waistline. These trainers are typically made from high-compression material to tuck and tighten your core and are generally designed to supplement your current fitness plan. Many trainers have the added benefit of initiating added thermal activity in your midsection, so you sweat more with equal or less effort during your workout. To put it simply, a good waist training can help you get a more effective workout, improve your posture, and slim your waist almost instantly.

What Are the Benefits of a Wearing a Waist Trainer?

If you want to look slimmer for a single occasion, a waist trainer can help you do that with a single wearing. However, it’s really the benefits that you get from pairing a trainer with a balanced exercise and nutrition regimen that make it such an effective tool. Worn daily in addition to a proper diet and exercise, a waist trainer can help you:

• Appear slimmer – If fitted properly, your waist trainer can make you look as much as 4 inches smaller instantly. That’s why they’re a perfect option even if you just want a one-time support.
• Work out harder – Protecting your core while you work out is important to avoid injury. A waist trainer can provide you that added support so you can work out more effectively and get better results, particularly when your waist is involved.
• Slim down faster – Because of their heat-stimulating properties, waist trainers are a particularly effective addition to your slim down plan. Wearing your trainer while you work out as well as up to 12 hours a day will help define your waist faster than if you were just using diet and exercise alone.
• Stand taller – A waist trainer not only offers a little confidence boost, but it also actually helps support improved posture. This benefit is important not only for your health but also for your personal well-being.
• Stay motivated – Waist trainers aren’t just a tool to help you achieve physical goals. They’ll also help you bust through the mental hurdles you need to to finally get healthy. For most people, waist trainers give them an idea of what their bodies can look like if they put in a little effort, and that’s often just what they need to get started and keep going.

Are There Different Types of Waist Trainers?

There are a number of different types of waist trainers available today. Typically each one is designed with a specific use in mind, so you may want to pick up a couple of different styles depending on your intended use and goals. The most common waist trainers include:

• Everyday Trainers – Intended for everyday wear, these trainers are invisible under clothing and provide the foundation you need for a slim, smooth physique. Everyday trainers can be worn with casual, formal, or professional clothing.
• Workout Trainers – Designed to intensify your fitness routine, workout trainers feature specialized designs and materials to increase your perspiration while you work out. Work out trainers are best used during cardio and strength training.
• Vest Trainers – Vest trainers provide the maximum level of support with added coverage for the bust and back. These trainers can be worn with profession, casual, or formal attire to help you achieve a slim waist.

If you’ve been looking for an option to help you improve your shape, then a waist trainer may be just what you are looking for. Whether you use it for daily wear, just when you work out, or a single formal occasion, a waist trainer will likely become your new favorite undergarment.

How A Personal Injury Attorney Can Help You

It is possible for a person to experience an accident due to the negligence of another person or entity. This could involve a vehicle accident, an accident that takes place on a business or private property, an accident that occurs when using a defective product and more. It is also possible for people to need help with being harmed from medical malpractice, nursing home neglect and more. Individuals who have been hurt and experienced a loss have a right to try and obtain compensation. Protecting the rights of individuals who have been harmed and getting them fair compensation is what personal injury attorneys do for their clients.

Contingency Fee Basis
In many cases, a personal injury lawyer will work on a contingency fee basis. In this situation, they will only receive a fee for their services after obtaining an appropriate settlement for their client. They are experts at determining the merits of a case. They will know exactly what is required to provide the best possible result.

Creditors
During the process of getting a fair settlement, an accident victim may experience a significant disruption with their finances. They may not be able to work and experience an increase in their financial obligations. This will also increase the stress experienced by an accident victim. A personal injury attorney can contact their creditors and explain about their situation. They can explain to the creditors what they can expect with regards to the settlement an accident victim will receive and more.

Damages
A personal injury attorney will know how much an accident victim should get for special damages. This is compensation for things that can be easily calculated. It could include the cost of medical treatment past, present, and future. It can also be lost income, personal property damage, out-of-pocket expenses and more. They will also how much an accident victim should get for general damages. These are things that are not easily calculated. They include pain and suffering, loss of enjoyment, emotional distress, loss of consortium and more. A personal injury attorney will also know if an accident victim can get punitive damages. This is when the actions of the defendant are so horrible a judge or jury will punish them financially.

Negotiations
Whether it is an insurance company, or the person responsible for an accident, a negotiations process will have to take place for an accident victim to get fair compensation. A personal injury attorney is an expert at negotiating on behalf of their client. This process could involve everything from a written demand letter to conversations with an insurance company attorney and more. A personal injury attorney will try to avoid filing a lawsuit if possible. They are expensive and can take a long time to obtain a settlement.

Arbitration
It is possible a case may benefit from arbitration. This is when a personal injury attorney will ask a third party to help with the negotiation process. The third party will look at the facts of a case and make a recommendation on what would be an appropriate settlement. If the negotiations fail at this point, filing a lawsuit may be the next step required to obtain fair compensation.

Lawsuit
This will involve filing answers and engaging in the discovery process. This could involve taking depositions from witnesses, as well as experts, participating in the trial and more. A judge or jury will then determine the settlement amount an accident victim will receive.

A personal injury attorney is someone who will help accident victims get fair compensation. Their legal knowledge and experience make it possible for them to see and understand the strength of a case. They know what is necessary for an accident victim to get the best possible settlement for their individual situation

What is a Merchant Cash Advance?
Merchant cash advances offer small business owners with a new line of financing other than the traditional bank loans. Business owners get funding upfront from a cash advance company. The business is, thereafter, required to pay up the debt by relinquishing a fraction of the firm’s sales. Cash advances are ideal for SMEs that accept payments through credit cards and checks, companies that need quick funding, establishments that have a high volume of credit card sales, or enterprises that may not be in a position to get traditional bank loans.
How do Merchant Cash Advances Work
Cash advance lenders offer funds to enterprises in exchange for a fraction of the company’s income over a specified period of time. In most cases, the payments are made automatically on a daily basis using a fraction of the firm’s daily credit card revenue. The total payable amount is determined by a factor rate. This rate is a multiplier that is based on a firm’s financial well-being.
Terms and Features of Merchant Cash Advances
Cash advances provide business owners with an easy and quick way of getting funds. The application process, in most cases, is approved and completed within 24 hours. Moreover, there is a high approval rate and the cash is usually wired within two days. Also, unlike most traditional funding alternatives, cash advances do not need collateral.
Business owners, however, should be aware that the greatest caveat of having cash advances is that they are often more expensive than traditional bank loans. Sometimes cash advances can cost up to 50 percent more than the principal sum advanced. Additionally, given that cash advances are considered to be commercial transactions, there is no governmental oversight in the form of regulation and enforcement. Since there is no federal oversight, there are no limits and checks to predatory lending practices. It is imperative for business owners to assess their situation and decide if they really need a merchant cash advance.
Qualifying for a Merchant Cash Advance
Qualifying for a bad credit merchant cash advance is very easy. Most cash advance companies offer quick turnaround via online platforms. As opposed to traditional loans, applicants do not need to operate for many years as a business so as to qualify.
While good credit scores and a lengthy operating history can assist the applicants to get favorable repayment terms, poor credit scores and a brief operating history do not necessarily disqualify applicants. Providers, oftentimes, seek only to determine whether the applicant has a significantly high sales volume. There is no magic figure; however, most cash advance companies will only offer 75 percent to 250 percent of a firm’s sales volume.
Merchant cash advance applicants should be ready to submit their company’s tax returns, official photo for identification, bank account statements, credit check authorization, and credit card statements.
How to Apply
Getting approved for a merchant cash advance can take a few days. This timeframe, however, depends on the paperwork needed and other details. Once the advance is approved, the applicant could get the funds within a few days.
The cash advance application is not as complicated as in bank loans, which makes cash advances a faster alternative. Below are some of the steps that business take while applying for a merchant cash advance.
1. Application
Normally, the application will cover two pages. Therein, the applicant will be asked to fill in their corresponding business tax ID, social security number, and other information about the company.
2. Provide Documentation
Applicants must provide several months of bank and credit card statements.
3. Get Approved
It might take as little as 24 hours for an applicant to get approved.
4. Receive the advance payment
The funds will be deposited into the applicant’s bank account.