Questions to Ask a Freight Factoring Company

Thinking of partnering with a freight factoring company? A positive cash flow can have a huge impact on your business. Not only will you be able to take on more clients and larger deals, but you will also be able to ensure that driver payments, payroll, fuel and all your other expenses are always paid … Continue reading “Questions to Ask a Freight Factoring Company”

Thinking of partnering with a freight factoring company? A positive cash flow can have a huge impact on your business. Not only will you be able to take on more clients and larger deals, but you will also be able to ensure that driver payments, payroll, fuel and all your other expenses are always paid on time.

If you’ve already decided you are going to partner with one of the freight factoring companies in your area, then you need to start researching the various companies to determine who will provide the best service to you. Here are a few questions to ask to make sure you get a value for money service:

What happens if my clients don’t pay?

This is an important question because it can put you in a difficult position if you have to pay for outstanding bills from clients. Find out if the factoring company handles debt disputes and what their normal procedures are when trying to claim back money from clients.

Do I get to choose which invoices I factor?

In some cases, you might have weekly loads which you bill and your clients pay each week. In this case, you might not necessarily need a factoring company to factor the invoices for you. You might only need factoring services for larger loads which only get paid after 30, 60 or 90 days. Find out if the factoring company will allow you to decide which invoices you want to factor or if you have to hand over your entire client book.

What kind of extra services do you offer (and what do I have to pay for?)

Factoring and bank loans are very different in a number of ways, but one of the most prominent differences is the fact that banks research businesses to determine whether they are creditworthy, while a factoring company will research your clients to determine whether they are creditworthy or not. Freight factoring companies will either do a credit check on your clients to ensure they are capable of paying the invoices, or they will give you a list of pre-approved clients which meet their credit requirements. Find out what process they use to determine whether clients are creditworthy and whether you will have to pay extra for this vetting process.

What percentage of the invoice will you advance?

Many times, a freight factoring company will advance a certain percentage of the invoice (such as 80%, 90% or even 100%) and the rest of the amount only gets paid once the client has paid the outstanding invoice in full and their service fee has been deducted. Make sure you know what percentage gets paid to you in advance.

Want to find out if our freight factoring company’s service will work for you? Get an instant factoring quote now.

Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.

Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the Instant Factoring form on this page. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.

Improving Your Credit Score – A How-To Guide

Getting the perfect credit score has been quite a challenge for a good number of people. However, such a score will guarantee you a lot of things. This means that you need to go out of your way and work on raising your credit score if it has been down. Luckily, there are ways to achieve this quickly, and this guide will look at how to improve your credit score.

Be Timely with Your Bills

Your payment history accounts for about 35% of your credit score. Looking at these values, you really need to ensure that your bills are paid on time to avoid losing valuable points. If you have been sitting on those bills, then it is time to get up and settle all of them. It is also pertinent to understand that accounts that have been late for more than 90 days attract the highest negative score. Therefore, start with those payments that are long overdue then hasten to complete even the most recent ones and remember to pay them in full.

Commit Yourself with a Credit Card

Having an active credit card or two is also one sure way of improving your credit score. If you qualify as a responsible card holder, there is no way your credit score will be down. Being responsible means making your payments on time. In case you do not qualify for a traditional credit card, you could try a secured one. As much as this card requires you to make a deposit first, it is still helpful in healing your credit score.

Avoid Opening Many New Accounts

Each time you go for a new credit card, the company always carries out a hard check on your credit health. Opening many accounts means that more checks will have to be carried out. If there are too many checks carried out on you, your credit score will definitely suffer when applying for the cards. This is because these checks are associated with people who are desperately trying to get credit and it is best to minimize them.

Limit Your Utilization Rate

Although it is advisable to get a credit card to improve your credit score, do not max out this card. Close to 30% of your credit score is based on your credit utilization and the lower this value is, the better your score. It is easy to calculate your usage. Simply divide your credit balances with your credit limit and anything between 0-20% is fine. Otherwise, limit those expenses that you make on your credit cards or you could also talk to your provider to increase your limit.

Do Not Close Old Accounts

If you have been thinking of closing your old credit accounts to create more room in your wallet for the new ones, then think again. Something close to 15% of your credit rating is based on your credit history. This implies that if you have old credit accounts, your chances of easily getting a better score are quite high. By closing your old accounts, you are limiting your history to the age of your oldest credit card which will lower your score.

Negotiate Where Possible

As much as you may have wanted to do everything right, there are times when you may not be able to meet one or two payments. This falling back on payments can ruin your score but you can negotiate your way out before it does. In case you lost your job somewhere along the line, make your creditors aware of this and ask them to recall any collection notice they may have put on your account. You can also ask for a good-will adjustment from some of your creditors. In fact, many people do not do this but you will be amazed at how understanding they can be.

Living without credit is not a possibility in today’s living conditions. No matter how bad your credit score might be, you always have a chance of reviving it and getting to enjoy even more credit. These simple tips will help you breathe a new lease of life to your credit score that will finally bring it up.

Medical Emergencies: Leading Cause of Bankruptcies in America

There are several reasons people file for bankruptcy. What may come as shocking news is that most people are a SINGLE major health issue away from considering bankruptcy as an option. How can this be when majority of families have some form of health insurance? For one thing, it all depends on a number of circumstances. Here are a few examples of what needs to be considered:

• What type of insurance you have
• What sort of medical issue you have
• What is the co-pay percentage

Medical bills are actually the biggest cause of bankruptcies within the United States. In 2013 alone, almost 2 million people had filed for bankruptcy citing medical bills as their reasons. Even health insurance provides minimal help in preventing these cases.

Why?

One reason is that the average co-pay in most plans is 20%. This works out well for check-ups and minor injuries but if you happen to contract a major illness or get in a serious accident, you could possibly rack up a bill over $50,000 where you would need to cover 20% or $10,000 along with the deductible. For just about anybody, this would be a life-changing tragedy that necessitates seeing a bankruptcy lawyer.

Who are affected?

Of those who have stated medical bills as their reasons for filing bankruptcy, 78% of them had medical insurance of some sort. Most of those affected were educated middle-class families. 1 out of 5 Americans will face problems paying medical bills this year. Accidents and life-changing diagnosis can happen to anybody.

Even with proper savings and good spending habits, the burden of some medical bills is simply too much for most people to handle. This is a problem that an estimated 56 million Americans will need to face this year alone.

What can happen?

Seeing as most health care institutions employ their own means of collecting debts, overdue health bills are treated the same way as other types of debt regardless of the fact if you are now incapable of maintaining your job due to your health issue. You can expect similar means of debt collection such as multiple phone calls, court ordered actions, and other harassing techniques.

How to address the issue?

Bankruptcy is, and should always be, considered as the final option and should only be seriously considered once all other options are exhausted. Lawyers that specialized in bankruptcy are also experts when it comes to finding working solutions for debts. Your best course of action would be to seek the assistance of a bankruptcy lawyer as soon as you are facing a massive medical bill.

The common belief is that credit card debt or mortgages are the main causes for filing for bankruptcy. Most people are caught blindsided by such big bills that they find themselves at a loss for what to do. Simply having the knowledge that 3 out of every 5 bankruptcies are caused by medical bills is already a good start. Knowing is always half the battle and it always beats being caught off-guard.

Payday Loans for Unsteady Income – How to Make It Sure You Can Pay It Off

Congratulations! You undertook the commitment you can barely handle. Was it hard to get? Nope! Is it hard to get away with it? Sure! Here’s how you go through this challenge with minimum casualties and maximum security measures.

1. Don’t perceive it as the least fortunate measure to take. In fact, you could always take another job (what that would be, a 4th one?) or assign for some extra shifts (say after 32nd of October till the end of the month). Anyway, if you have chosen cash payday loans, don’t be harsh on yourself, simply organize your budget for successful discharge. Start with average income calculation. As soon as you know how much you can get, you know how much you can give.

– start with simple listing and day-to-day budgeting. When you know your expenses, it’s easier to cut down on the unnecessary.
– rethink your spending; sometimes it’s hard to get rid of the point in your list, but in the end, you can shift for better pricing.

2. Your second measure to prevent unexpected negative results from payday loan borrowing is division. We don’t mean become a tightwad, we mean become a rationalist. Count as precisely as you can all your expenses for the period of loan duration. As soon as you have it, check if you’ve taken into consideration unexpected issues and make the totals.

– when you do calculations, consider adding a bit to every point of your spending list. Just 1-2% can eventually result in a buffer zone. If you add only $1 to every fuelling, you eventually save some amount for unexpected cases.

3. When you have what you need, count what your perspectives are. It’s evident that you’ve taken a payday loan for a reason; your unstable incomes from different resources combined in one can actually form a pretty good basement for your loan repayment. Now that you’ve got the numbers, compare if your unstable income can afford your “stable” payday loan payoff.

– if you feel like your unsteady financial position is getting worse, try to get some support. It can be either professionals or someone from your family. As soon as you can guarantee stability for the time the loan is due, you can be sure to avoid penalties for delinquent activity with your debts. Simply, protect yourself from being late.

4. You’re confronted with two options; either you can clear your financial issue till the due date or need back up funds for payday loan coverage. If you’re a proud owner of the first lot, bingo! You nailed it! Your loan can be considered successful and your decision commercially correct. Unfortunately, if you concluded you can’t make both ends meet, your payday loan enterprise appears a failure as requires additional assets. Next time you do the same routine from the very beginning, but perform the whole procedure with a virtual so that to secure your decision from a drop-on.

– payday loans can become a more fortunate deal when you repay on time, but at the same time, if you foresee failure, you still can make it less painful for your financial state. Always consider rescheduling as soon as you realize your income can’t help you repay the loan on time.

It’s up to you to pay on time or drag down till your loan starts biting you. The only thing that remains unchanged is your attitude to financial operations. The more diligent you are, the more scopes you have; the more committed you get, the more options you get, and thus, more fortunate deals at your disposal.

Don’t you want to try one?

Are you ready for smart borrowing? Do you think it’s time to make only reasonable choices? Do you want to make more than you spend?

The time to get your financial security has come.

Are In Text Ads Relevant to the Content?

Yes, In Text Advertising is a form of Contextual Advertising

I was browsing through a magazine – a real one with paper pages – and noticed a lifestyle article about a new mattress that uses three-dimensions. Well, I wondered, don’t most mattresses have three dimensions? But then, on the next page, a full-page advertisement announced a new 3D mattress. Hmm… was that a coincidence? Of course not. The magazine sold the mattress ad and probably added an editorial article about the new technology. Most magazines try to separate editorial content from advertising, to keep appearance of professional writing. Separation of paid-for ads and actual content is considered ethical. In this instance, they were not that subtle. But wait, what’s so wrong about relevant ads? There seem to be a big difference in our expectations between the offline world and the online arena. While in traditional paper publications we prefer content which is clear of advertising interests, when it comes to the Internet, we actually expect the ads surrounding the content to be highly relevant to the content.

As website publishers we in fact insist of showing the most relevant ads, hoping they will yield higher click-through rates and revenues. The visitors somehow accept this as being supplemental to the content. Google AdSense ads are responsible for this revolution. Since the ads are placed through automated algorithms, we don’t see them as affecting the editorial considerations of the publisher. Moreover, if the ads are not relevant, we usually complain about it.

In text advertising is a form of contextual advertising. As such, in text ads are attached to hooks – highlighted terms within the content – and they are relevant to the terms and the content of the page. So, if your question is simply – are in text ads relevant? The answer is positive. Yes, in text ads are relevant to your content. But since there are examples where they are less relevant, this question calls for some further discussion.

No Perfect Guarantees

One of the publishers I’ve been working with has integrated in text ads for the first time. During the first month, we served ads to no less than 20 million unique visitors. When summarizing the first month’s results, the publisher was generally very happy with the revenues and feedback, but he highlighted one email from a frequent visitor, who complained about an ad that was not relevant. My first response to the complaint was – Great, this is good news! How come? Simple. It’s true that an irrelevant ad is not a good user experience. But, if we had one complaint out of 20 million visitors, we have a very good success ratio. There are no guarantees that any contextual advertising technology would be perfect. There’s nothing like a bullet-proof method with perfect relevance, not even Google AdSense, and as long as the vast majority of ads are relevant, this should suffice.

Is it really not relevant?

In text ads can be less relevant when the content is not focused. Any contextual algorithm, as smart as it can be, would have problems with pages that are a mix of issues. In such cases, the ad should at least be relevant to the hook – the highlighted term.

Another factor that can reduce relevancy is geography. When the visitor comes from a country with less online advertising, it could be difficult to match the ads with high relevancy. To improve this, make sure with your provider that he has enough advertising coverage in the countries where your most important visitors come from, and be tolerant to less relevant ads in other regions.

Last but not least, relevancy is in the eye of the advertiser. While you may think that an ad is not relevant, take into consideration that the advertiser has specifically chosen to match the ad to the term and context. A professional in text ads provider only places ads with direct response to advertising campaigns which target context and terms. For example, if the chosen term was “London Hotel”, you would probably expect a travel ad. But then, if you see an ad for a t-shirt website, don’t be alarmed. It could be that this t-shirt website is now selling new Madonna merchandise, and Madonna is on her way to a big concert in London; hence, the advertiser is trying to target tourists who head to London for the show.

Are your Hooks Relevant?

In addition to measuring the relevancy of the ads to the content, another important factor would be the relevancy of the highlighted terms to the content. Before any visitor hovers over an ad, visitors show interest in links which are relevant to the content. When the highlighted terms are relevant, you should see higher rates of hovers. Matching the ads themselves comes next. So first, ask yourself – are the terms relevant? This should be a good start.

You can improve In Text Ads Relevancy

In these cases when you still feel that the in text ads on your website are not relevant enough, consider the following options. First, calculate how serious this issue is. If you’re thinking about just a few ads out of thousands, then it’s probably not a serious problem. Second, consider the context and the geography – the more focused the content, and the bigger the market for online advertising in this country, the higher the relevance should be. If the market is not that big and the content is not very focused, achieving high relevancy would be difficult. Third, look from the advertiser’s point of view – he thought the ad is relevant, so try to understand it.

If, after considering these options, you still feel that the ads are not relevant, then it’s time to contact your in text ads provider. There’s much you can do together. Your provider can work with you to improve the algorithm and customize it to your website, direct specific advertisers to your website, and assist you with monitoring and analyzing results. After all, it is contextual advertising.