Instant Approval of Personal Loans – Whether Justified or Not

After rate of interest, if there is any thing that most people desire for in a personal loan, then it is instant approval. Instant approval of personal loans has different connotations for different people. While for some people, instant approval signifies approval within a day of application; for others, instant approval of personal loans indicates approval within the time promised. This article deals solely with the latter connotation of instant approvals.

At the time of application, many lenders would promise a time frame within which the loan will be approved. Nevertheless, the number of lenders who stick to this time frame is very less.

Approval is a multi-step process, and depending on the time that the lender takes to accomplish each step, the process will be timed. A majority of the steps are justified and are there in order to reveal the credibility of the borrower. Since a large amount of money is involved,Instant approval personal loans cannot be given without conducting proper verifications and checks. The principal verifications that needs to be performed in a personal loans are as follows:

• Income verification is conducted by demanding the past two W-2 forms. In addition, the last 30 days pay stubs are to be presented to the lender. Self-employed people are required to present the last two years federal tax returns and the profit and loss statement for the last year.
• Assets are verified through two months statements.
• The borrower will also have to give a declaration that he does not owe anything and that all financial obligations have been made on time.

In the absence of such verifications or when the loan provider intentionally omits any of these vital processes, the lender is exposing itself to a greater degree of risk. The lender has a rightful demand thus to charge a higher rate of interest. This is what happens in bridging loans where loan is granted in a very short notice period. These carry a very high rate of interest.

Consequently, personal loan lenders must be allowed a minimal time within which they complete the necessary processes. A proper management of time on the part of the loan provider can save a lot of time involved in approval. The approval time differs with lenders. It also differs with the customs prevailing in a region or place, and with the financial product opted for.

The basic personal loan approval process constitutes the following steps:

• The individual selects the loan that will suit his purpose. There are a number of variations in personal loans and choosing one out of them will be a heady task. Though personal loans can be put equally well to all tasks, it will be better to discuss with experts if there are better financial products available.

• The borrower is sent an application form to be filled with the details of the borrower. Being brief but clear is generally preferred. Easy approval is facilitated if the application form gives unambiguous information. Unnecessary duplication of work is prevented and the offers searched for the borrower easily match the borrowers' specifications.

• Application process is now completed online. The form duly filled in is submitted by clicking on the submit button on the website of the loan provider. On receiving the application, the lender gives an in-principle decision on the suitability of the candidate for a personal loan. This is just a preliminary approval and decision still needs to be made whether or not the borrower will actually get the personal loan. The in-principle decision is made within 24-48 hours of the application.

• Verifications and checks mentioned above are conducted after an in-principle decision. Property and asset valuation is needed when the personal loan is secured on property or certain assets.

• Once the reports of the verification are received in the affirmative, the personal loan must be deemed to be approved. A formal approval confirmation call is made to the borrower. Along with the solicitors, loan documents are prepared. This is then sent to the borrower to be filled in. The filled in loan documents are sent to the solicitors. This final step leads to settlement and final sanction of the personal loan.

There must be willingness on the part of the borrower to accelerate the process of approval. Many of the processes can be performed more than one at a time. There are another sets of processes that have become superfluous because of the changed circumstances. The lender must identify such processes that can be removed with relative ease. A part of the responsibility for instant approval of personal loan lies with the borrower. By being clear in what they need from the personal loan, and keeping a sufficient time gap between application and approval, they can lessen the perturbations that occur when loan is not approved in time.

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How easy is to find cheap hotels online

We know how it was in old days, finding a cheap place to crash simply came down to picking up the appropriate place no matter the expensive rate jus the availability, finding the hotel in your price range, and starting to dial. Now, with an enormous amount of information out there in magazines, guidebooks, on the Web, even via PDA downloads finding that ideal base may make you long for home sweet home before you even leave. What follows is a bare-bones guide to distilling the voluminous info at your fingertips, collected with the sole intention of helping you find the best, least-expensive hotel there is.

But maybe you do not know that there are many websites online that only focus on providing you with discount hotels, flights, care rentals and the like. So, finding cheap hotel rates is as simple as searching online anything else. First of all you need to get on the Internet, of course, and then you should go to a search engine (google, yahoo, etc) to search for cheap hotel rates. Be specific when using the search engine, however, because you will want to find as much specific information on cheap hotel rates as possible while weeding out other information. Also, always remember that if you don't find the cheap hotel rates you are looking for on one search engine you always have the possibility to try another one. However, you will find the best cheap hotel information on some of the larger search engines.

Once you receive your cheap hotel results you just need to start researching the websites one by one. While many websites will have similar discount rates, some of them will be more expensive and others will have the lowest cheap hotel rates, that's why you must be very careful with your research, but it is worthy of spending that time when it comes down to saving a lot of money and cheap hotel rates.

Enter the hotel information or the general location where you are interested in staying (for example, Brussel hotel, or Antwerpen Hotel), and then search for cheap hotel rates. You will be surprised at the difference if you already called to request rates from the same hotels.

Once you have found the cheap hotel rates that meet your needs, simply book online and always write down your confirmation number so you will have your cheap hotel rates. Good luck on your research and remember that it is not a waste of time, you'll be surprised to see the wide variety of possibilities you have.

Finding cheap hotels online is not an easy task, some people have to look out for the hotel they want for more than 3 days before getting to the perfect they were looking for.

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Using Life Insurance To Protect Your Key Employees

Most businesses rely on the work, experience and skills of a few valued employees who are key to the efficient running and profitability of the company. Whether a chairman, director or talented technician, the loss of such a crucial staff member could and often does result in lost revenue and even closure in some cases.

Many employers spend time and money protecting their tangible business assets such as buildings and machinery with traditional business insurance policies but, are often unaware of the potentially far greater risks due to the reliance on a few key employees.

Take a moment to think about the staff members who your everyday operation relies upon. Do you have a sales director or salesman who is responsible for generating the majority of your orders? Do you have any contingency plans to ensure normal working practices continue should your operations director or chairman die or be unable to work due to illness or injury? The reality is that many businesses are so busy working in the business to step back and consider the threats to it's continued operation and profitability.

Another question to ask yourself is how easy would it be to find a replacement for a key employee and what would the cost of recruitment and training be? Does your business have any plans for this eventuality and where would the money to fund such an operation come from? You also have to factor in any potential loss in revenue from the temporary or permanent loss of a key member of staff.

Thankfully, part of the solution can be provided by a simple life insurance policy owned by the company which insure's the life of the employee. If the employee were to die during the plan term, the company would receive a cash lump sum to fund the costs of finding a replacement and any loss of revenue. Many key man policies have a term matching the employees expected retirement date. Another risk to consider is the potential critical illness of a key employee causing lengthy absence or permanent loss. The statistics show that the chances of being diagnosed with a critical illness are greater than dying before age 65 so the risk to the company can also be greater. Adding critical illness insurance to a key man policy can ensure this risk is also covered and the cash lump sum also paid if the employee is diagnosed with an illness covered by the policy.

Whichever type of cover you choose, it's important to shop around and compare policy features and premiums from as many insurers as possible. If you are in any doubt about buying life insurance for a key employee, it's important take professional advice from an independent financial adviser. However, if you know what cover you need, go online and use a quote comparison site and look out for discount life insurance brokers who could save you as much as 40% by sacrificing some or all of their earnings to reduce the premiums you pay.

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Card Accept Merchant Account Solutions

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Whether you opt for credit card machines conveniently located in your storefront or home office, or if you need Internet credit card processing, you can focus on what's important -- serving your customers.

CardAccept offers a wide range of credit card merchant account programs to meet your credit card processing needs whether they are on-site or online. From our in-store to our ecommerce solutions, CardAccept makes merchant accounts easy to manage and understand. Our Merchant Club program provides the best of both worlds for retail sales - in-store terminal availability and maintenance, while our Web Terminal & Gateway Merchant program accommodates phone, wireless and Internet credit card processing. The ability to pay online is appealing to potential customers - it is much easier and more convenient than other payment options. Why not have an ecommerce merchant account that will give your clients the peace of mind they want? Online payment Processing through CardAccept lets you do just that.

There are no hidden fees with any of our merchant accounts, and account set-up is fast and free. We don't apply any application fees nor do we collect AVS surcharges or gateway transaction fees because there's no middleman. You'll be receiving direct service - no third party credit card processing here - through our personal account representatives and free technical support.

Let CardAccept provide you with your merchant account today. We'll be happy to answer any questions you may have about processing credit card transactions and how our merchant services can work for you and your clientele. You'll have on-site and ecommerce credit card processing at the touch of a few buttons.

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