What Stands Behind Capital One Credit Cards and Savings Products?

In the times since the global financial crisis, it has increasingly become a concern as to what the backing of the financial institution that issues your credit card or holds your saving account is. There are a number of laws which regulate the financial system and try to ensure that customers can rely on banks to honour their obligations which can be a particular concern in relation to savings products. Title 12 of the United States Code in part 325 specifies a number of ‘capital adequacy requirements’ in relation to all banks. The aim of these requirements is to force banks to adequately provision of a crisis and ensure that they will remain solvent even if there is a large crisis. Banks must report periodically on their arrangements to show regulators that they are meeting the capital adequacy requirements.

Capital One at the moment is, when measured by asset pool, the 8th largest bank in the United States with balance sheet assets of approximately USD$286bn in 2012. Amongst other distinctions, the company is also one of the largest customers of the United States postal service. Its head office is in Fairfax County Virginia and the current chairman, CEO and President of the company is Richard Fairbank. It is one of the fastest growing banks in American history having been founded in 1988 by the current CEO. Like many banks in the American financial system, Capital One was the recipient of a bail out during the sub prime mortgage crisis of 2007 when it received $3.56bn from the United States Government in exchange for 3,555,199 shares in the company. By the end of 2009, the company had managed to buy the government out of the business.

As well as being involved in credit cards, Capital One has an Auto Finance Division which is a substantial part of the company. An entity known as Capital One 360 is also now in existence having formerly been known as ING Direct on the idea that a bank could perform retail services entirely on the basis of an online model. This division of the company has no branches and only maintains a physical presence in the form of call centres and online processing maintenance facilities. The online bank model seems to achieved some success given that the lower overheads from rent and staff result in lower costs to consumers and therefore a better outcome.

One of the notable characteristic of Capital One is that it appears to have retained an ability to ride out the periodic financial storms which emerge in the world of consumer credit. It has grown consistently throughout good and bad times in consumer finance and continues to grow based on the analysis of its most recent financial data. This history of growth and the ability to ride out financial storms appears to bode well for the credit and savings products of Capital One.

Local Search Marketing Helps Auto Repair Shops Increase Business

Increase revenue and generate more sales for your automotive repair business using… Local Search Marketing and Customer Financing.

Here are 4 easy methods that are successfully used by auto repair shops.

Increase revenue and use these simple techniques to have your shop recognized as “one of the best in your area” within weeks. Here’s an inexpensive and very effective way to increase exposure to locals.

Most local consumers are looking for a repair shop that is “one of the best in their area”.

Who wants to drive for miles to a mechanic that they feel is good when there is one right in their neighborhood?

Let people know that you are one of the best and chances are they will give you a try now it’s up to you to keep them coming back by “proving” that you are what you say.

The secret is in how you let them know. It has to be powerful and believable in order to be effective.

First, it’s important to understand how – do – “local” consumers find you? Seems like a fairly simple question.

Are they looking for your ads in phone books and coupons in newspapers?

If so, remember these three words, I will be repeating them often. Local Search Marketing.

Question:

When was the last time you used the phone book instead of – or before searching the Internet?

97% of consumers use the Internet to research products or services in their “local” area!

If a “local consumer” does a Bing, Google or Yahoo search for your specialty, (by typing keywords that people normally use to find “your” specialty into the search box) will your website show up on page one? On the second page? How about the third?

Here is a fact; most Internet searchers will not look further than page two. So, if your website is somewhere in the maze of “national and local” websites on page 50 the chances are that potential customer will not find your website.

90% of those consumers use search results as compared to 48% using yellow pages. In addition, most of those will make a “buying decision” based on their Internet search results.

Now I know if you do have a website – you probably spent a small fortune to get it “developed”,

BUT… IS IT BRINGING YOU NEW BUSINESS?

Local Search Marketing, here is the first step to using search marketing to increase revenue for your shop.

1. To increase revenue one of the most effective and “affordable” ways to get “local” consumers to find your website is improve your website’s “local” search ranking. I’m not talking about some expensive “pay-per-click” deal that will cost a fortune. I know it sounds simple but this actually involves a “process” that can get your website positioned on page one or two of local Internet search results. Local Search Marketing and Search Engine Optimization are going to be the key. Increase revenues by using this simple strategy and a company that specializes in achieving prominent placement of websites in local searches you should see results in weeks. But we suggest you go further than that, to help, you can also get working capital loans for advertising. But here’s a great place to start!

GET YOUR FREE LISTING in City Directory On Line Business Directory provides an easy to use business directory without intrusive advertising. City Directory On Line is the only patent pending, simple to use, local city online business directory of its kind. And it’s ALREADY ranked and placed on page one of Google search. It’s quick, it’s easy and it’s a free listing.

In addition to getting better placement we recommend a full blown “testimonial page” with some of your best customers sharing their positive experiences. People love to see their testimonials in newspapers, on the Internet or almost anywhere, so let your customers know that their testimonial will be on your site.

What this does is “validates” your shop, not that you need it but for this method it will help. Remember, most consumers make their buying decisions based on their Internet search results. So when they find your site we want your happy customers to also tell a great story about your shop. But there’s more!!!!

2. When trying to increase revenue the one thing I find to be most troubling to customers is the “perception” that many mechanics are not completely honest people. The truth is most mechanics are honest but when a customer has a bad experience with a mechanic that they “think” ripped them off, they can’t wait to share that experience with anyone within earshot. So what I have found is that when a mechanic or auto shop is able to establish a reputation as an honest shop the word of mouth advertising results in an almost immediate uptick in new customers. Why? Simple, everyone is looking for a mechanic they can trust, and people like to “brag” that they have a great mechanic. Increased revenue is obviously the result.

Local search marketing has been used as a very simple but effective method of helping mechanics who want to promote their shop to “local” consumers. Contact us below and ask for details. This method will help you get local customers that are searching the Internet for good mechanics in their area. And remember, word of mouth combined with good, effective advertising are a key to getting them into your shop, what you do next is important to keeping them and having them spread the word about you.

3. We all know that working on autos is NOT the cleanest job. I’ve been in shops where customers will bring in cars that have never had soap and water anywhere near it. So you know already that the engine has never been cleaned – and there is oil and grime, – OK you get the picture. But with as much grease and grime as there is in this business, the busiest shops usually seem to be the ones with a fresh and clean reception and waiting area. But this is very important: The restrooms are always the cleanest! Why? Research shows that in most “two-car” families more women bring in cars for repairs. It could be because many have small children and they may be home more and available to “bring the car in for service. So keeping the waiting area and restroom neat and clean could make a world of difference.

Many customers just feel that a clean shop is a better shop, whether that is in fact true or not is not important. What is important is that the customer feels that it is. Now, think about the impact that will have when you “PROMOTE” – on your website – that your shop has impeccably clean waiting area and restrooms.

Short-term working capital loans can help shops change their entire “image” for customers by helping the owners finance the remodeling or furnishing of the customer waiting area and restrooms. The loans are funded within 5 days and were based on the shops “future VISA/MasterCard sales”. The increased revenue allowed the loan to be repaid in the 6 to 12 month term of the finance agreement. When you consider the ROI of the borrowed money it truly is a “no brainer” to use the funds to improve the business and generate more sales.

4. Provide Customer Financing. There are many different ways and programs available. What you want is a program that allows you to get your money without waiting 30/60 or 90 days for payment. There is a program where your shop receives payment in 3 days with NO RECOURSE and you can offer your customers 90 NO CREDIT CHECK and NO INTEREST financing with instant approvals.

According to the most recent statistics many consumers in “today’s tough economy” are financially unable to pay “immediately” for and emergency. Their credit cards are maxed or FICO is low so borrowing money is often not an option. That emergency could be anything from an unexpected $1500-$3000 auto repair to a medical or pet emergency. And even those driving expensive luxury automobiles could very well be having slow business or other financial issues, so don’t assume they won’t benefit from 90 CUSTOMER FINANCING also.

Author Description:

David Claggett, Executive Director

Don’t let money walk out of your business!

I help small and mid-sized business owners find and secure business loans, working capital, equipment loans and accounts receivable financing. When your business needs financing: TO EXPAND, REMODEL, ADVERTISE, PURCHASE INVENTORY or more we can help you get $5k to $500k in as little as 5 days.

Top 10 iPhone Apps for Personal Finance

There are many applications for the iPhone that give users the ability to make personal financing easier than ever. While solving one pain-in-the-neck issue, it creates another – which app to buy? Because of the popularity of these headache-reducing apps, there is an overwhelming amount of options available in the App Store. Deciphering which app is the best available is almost impossible. Add in the fact that so many aren’t free, and choosing the right one the first time around could save time and money. Before downloading anything, it’s important to know if the functionality of the app (money transferring, budget tracking, etc.) fits your needs. Provided is a list of ten apps including the price and primary function that can make tracking personal finances much easier.

Mint – There are tons of finance apps available that focus on budget tracking. Few are as popular as Mint, which allows users to manage multiple financial accounts from one simple user interface. With user-friendly features and no price tag, there is little wonder why this app has so many users.

Loan Shark – Dealing with loans is never a pleasant experience. The Loan Shark app helps ease some of the pain endured while handling loans without having to pay anything. It simplifies the process of calculating loans by a great deal and also has many features including a full amortization table, a one-tap extra payment option, and a “favorites” feature.

MoneyStrands – This app is another free option for tracking your budget. With features like alerts, analysis, security, and support, it is one to compare to Mint.

PageOnce – Planning long-term investments can be easy to put off. This app also assists in budgeting your current finances like MoneyStrands and Mint, but really excels in planning for the future. It gives you the ability to look at your 401k, IRA, and stocks all at the same time, while not costing you a cent.

Toshl – Toshl incorporates cloud computing into every day financing with this free app. The cloud feature allows users to automatically sync their mobile movements online. Additionally, there is a premium upgrade ($19.95/year) that allows users to export to Excel, PDF, or Google Docs among other features.

MoneyBook – MoneyBook is another addition to the long line of apps for budgeting. This one, however, comes at a price. Promoted as “Finance with Flair,” the app costs $2.99 and is loaded with features to make financing easier.

SplashMoney – At $4.99, what differentiates this from the free apps is its ability to connect wirelessly to most online bank accounts.

Square – The price is right for this free app that makes credit card purchases simpler than ever. By signing up, Square, Inc. will provide a credit card reader that can be attached directly to the iPhone. Once connected, users have the ability to swipe all major credit cards with only a 2.75% charge per swipe.

PayPal – Ebay-owned PayPal provides users a secure, simple way to send or receive money wirelessly.

General Banking – The bulk of major banks have available apps for free. These provide easy-access to any and all bank accounts in a secure fashion.

This is only a small example of the many, many apps that can help make financing easier. With the continuous release of new applications and updates to old ones, banking from your iPhone will continue to simplify; finding the app for doing so may not. This list is a great place to start looking.

For more information about iPhone application development, visit Magenic Technologies who have been providing innovative custom software development to meet unique business challenges for some of the most recognized companies and organizations in the nation.

100 Financing Investment Property

100 financing of investment properties refers to 100% financing from outside for your investment in real estate. Funds that are brought from one’s own savings, on loan from friends or relatives are in a way not much different from capital whereas real debt or Investment property financing comes from financial institutions. These entities – banks, mortgage firms and lending organizations like credit unions — lend funds to the applicant on the trust of a collateral security or based on the income, credit-worthiness and repayment capacity of the individual. Even if these criteria are satisfactory, an investment property financing institution may ask to be shown the business plan of how the applicant means to generate income using the pieces of property he or she means to buy and consequently pay off the loan or conclude the mortgage. The lender has the right to know how the business is going to be conducted because the revenues of this business determine how fast the loan is going to be repaid. With the turn in the economy, 100% financing investment property has almost been done away with.

100 financing investment property

In the United States, there are three credit bureaus, Equifax, Experian and Transunion, that maintain records of the lines of credit extended to each individual and how they are being handled. The credit reports formulated by these bureaus reflect how many credit card accounts a person has, how many times he or she has defaulted in payment or gone over the credit limit; other forms of financing availed by the individual such as home mortgage, auto finance or student loans, are also listed. Lenders and creditors have access to these credit reports and use them to check if an applicant is worth the risk of being given a loan. The exact features that point to an applicant as being risky can be found out after a professional analysis of one’s credit report. A high Debt to Income ratio and loan to value ratio are some of the red-flags. These areas have to be improved so as not be saddled with an exorbitant rate of interest and terms that are not favorable to the borrower. Some unfavorable terms are floating interest rates that send the finance charges through the roof upon a single defaulted payment. To prevent this eventuality, it is better to choose a deal with a fixed (flat) interest rate or a low ceiling rate on the interest rate slab.

Lending fees, high interest rates, discount points (another form of lending fees paid upfront to prevent the interest from racing up) can actually break the bank. In fact, there are many cases in which discount points have been deceptive and one ends up paying more for them, than the actual interest (finance charges) that would have been paid if the interest rates did go up. To prevent such goof ups, it is a good idea to take estimates from two or three lending organizations, compare their offerings and then choose the one that appeals most to one.

The worst pitfall to guard against is when some lender tells you that you are eligible for 100% financing of investment property. Those idyllic days are over. In fact, they are past their sell by date because there were not so idyllic. There may be such plans available on subsidy from the government for the exclusive use of first time homeowners who belong to the low income group. But this does not include investment property dealers. Traditional methods of 100% financing are now called owner financing and are still available but they are not an attractive option. It is not surprising that requests for owner financing are viewed with suspicion of default by lenders and therefore, that avenue is best avoided.

How to Successfully Capitalize on Special Finance Leads?

In a highly competitive market, it is very difficult to generate quality special finance lead by the dealers. The process results in unnecessary wastage of time, energy, and money. In spite of spending a lump sum amount on advertisement and on running PPC campaigns in Google, still a dealer fails to produce the desired number of leads to meet the monthly target. Dealers who cannot generate their own leads depend on the professional lead providers to supplement the flow of new sale opportunities.

All providers produce new sale opportunities through their own marketing efforts. They usually have a couple of websites for an effective auto lead generation. Through advanced adverts offline and online and use of social media, the highest quality of leads are generated in real time. Pay-Per-Click (PPC) campaigns are used extensively to generate as many leads as possible.

When sending the leads to the dealer client, the professional lead generators ensure they are sending only the best quality leads. A team of efficient professionals works to separate the good quality leads from the bad ones. Usually a provider uses a lead tracking software to track the number of leads coming from different sources from websites, landing pages, blogs, advertisements, etc.

Bad quality leads are generated when so-called potential car buyers don’t respond to calls being made from the lead generating company’s office or for that matter don’t reply to the emails sent at least 48 hours ago. Such sets of people are termed as ineffective leads and the list containing the personal details of such individuals are not sent to the dealer. Effective leads are those that respond instantly to a call or an email and show a genuine interest to buy a car.

There is a misconception amongst many dealers that the providers send a lead’s personal details to multiple dealers. The lead generating companies have teams that check whether the same leads are being sent to more than one dealership or not. Cross checking of leads received should also be done on the dealer’s part to reject duplicate leads.

The reason for the huge popularity of the external lead generators lie in the fact that they guarantee the generation of maximum high quality leads. Once people fill up an online inquiry form to learn more about a dealer and the auto loan application and approval procedure, the generator instantly starts following up with those people. Through regular communication and responding to the queries of potential car buyers, special finance lead can be generated successfully.

Experienced service providers spend all their time in doing quality research on the type of target audience a dealer wants to have. The providers will use the latest, innovative marketing strategies to create a long lasting impression in the minds of the people. One of the best chances to increase visibility is to have a strong presence in various social media web platforms for maximum auto lead generation. Through maintenance of social media accounts and regular posting of interesting articles, relevant news, photos, and videos on Facebook, Twitter, LinkedIn, Google+, and so on grabbing the attention of potential car buyers can be increased to a large extent.

Matthew S Barredo is an expert researcher of special finance lead. He has over 7 years of experience in the genre of finance auto lead and the same. In this article, he has tried to educate the readers about choosing an ideal car lead generating company and auto lead generation for steady sales and profit.