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|Purses And How To Acquire Them Business Articles | January 22 , 2010
Call them what you will; duffel, messenger bag, handbag, clutch, tote, sling bag , pocketbook, or man-bag, they are all considered purses. Each of these has a distinct design that is well-suited for certain occasions. The type of outfit being worn or event that is attended will often determine which type of bag is carried. While these are generally used by women, a few men have been known to carry a man-purse. This trend is slowly catching on in larger cities.
Different purposes are served by each bag mentioned above. The smaller bags, clutches and pocketbooks, are excellent for carrying tiny items. When many items need to be hauled around for the day , using a tote or duffel bag is more common.
People tend to have their own style of clothing that is preferred, but others might change their ensembles on a regular basis. When changing fashions between each season or even from month to month, the type of bag carried seems to vary as well.
Changing bags with each season is common, but some women even enjoy rotating their bags on a monthly, weekly, or even daily basis. To change from day to day is a bit tricky. Some women find that having a variety of bags that are already stocked with the necessary items is easier than dumping the contents of one bag into another each day. Having bags that match all the outfits in one's wardrobe is desired , but not often doable.
When it comes to buying a new bag, there are plenty of choices; specialty stores, boutiques, department stores, discount stores, outlet places , and even online sites. It will depend on the type of bag that is being sought out.
There are generally plenty of sales during holidays and when stores are trying to get rid of last season's selection of bags. Outlet stores and some online websites offer great deals on name brand items, which can be helpful with saving money too.
What also helps with keeping the cost low when purchasing bags is by having friends and family to share with. Most women have a different variety of purses than their friends and family, so if everyone combines their wares together, this will then create the ultimate collection of handbags. This is not only the perfect way to save money, but it also tends to keep women from being too bored with their own selection of bags.
Beware of Predatory Lending Finance Articles | April 10, 2006
Shockingly , federal law does not define predatory lending. When it comes to protection from abusive lenders, don't count on your good old Uncle Sam for help.
Shockingly, federal law does not define predatory lending. When it comes to protection from abusive lenders, don't count on your good old Uncle Sam for help. Nope. You're own your own in that department. It's you versus the mega-bankers in the dog-eat-dog financial arena. Sadly, in that environment with no protective rules, it's the big dog that almost always wins.
The best way not to lose that fight is to get informed. Know the big dog's tactics and protect yourself from them in advance.
Here are three tactics that I've seen that fall within my definition of predatory lending:
1. Automatic Refinancing.
There are lenders who are providing a valuable resource with automatic refinancing , and there are lenders who are taking advantage of borrowers through automatic refinancing. In principle, automatic refinancing is a great service to the borrower; the lender continually monitors interest rates and will automatically refinance the loan for the borrower if rates drop enough to make the refinance worthwhile. The problem arises in the definition of worthwhile.
It is not a secret that lenders charge fees every time they process a mortgage loan. Sometimes these fees are paid for by the borrower at loan closing, other times these fees are added to the outstanding balance of the loan: the fees are financed. It is those fees that can get very expensive.
Suppose you have a mortgage with an outstanding balance of $200,000. Your lender has monitored interest rates and informs you that rates have dropped almost 12 percentage point and you could save $20 per month by refinancing. Let's further say that you will not have to pay anything at loan closing, the fees can be added to the loan. Just come into the office and sign the papers. On first look, this seems like a good deal to you. However , the fees that are added to your loan can be substantial. How many points are you paying? What other fees are being added? What will your new loan balance be? In this example, it is likely to be around $206,000.
Automatically refinance like this a few times each year, and your loan balance could increase as fast or faster than your home appreciates. When you sell your home in a few years, you could end up getting back less than your down payment. All the appreciation would have been eaten by the fees every time you refinanced. In this example, the lender pocketed thousands and thousands of dollars in fees , and you lost much of your equity. Beware.
2. Packing Extras Into The Loan.
Would you buy a car from a dealer that tried to sell you tires at 4 times the going price? It is doubtful. Yet, thousands of people each day do the financial equivalent by refinancing their mortgage with a lender that tries to sell them insurance at 4 times the going rate or even more.
Credit life insurance, or loan life insurance, or any other name that unscrupulous lenders dream up is nothing more than a simple term life insurance policy. Don't let lenders talk you into an insurance policy associated with your mortgage loan if that same policy can be purchased .