The Morality of Small Business To Be Tested Will Small Businesses Pay Their Bills
Let’s face it, the last several years small business has been tough! Especially if your business depends on other small businesses or consumer spending! The problems began as early as 2002 – 2005 when small business models no longer made sense. However, most owners were unaware of their risks because they were cash flowing. It was one of the issues in their business model, debt financing. The reasons the business was cash flowing was due to increases of debt rather than profitability. Even if profits were growing they were not out pacing debt increases.
Even as the economy slowed in later 2007 and 2008 the pain was not felt because financial institutions continued to increase credit card limits, line of credits and other debt service instruments. It was not until late 2008 and 2009 when financial institutions began changing their loan requirements. The stricter loan requirements disallowed renewals and called line of credits (many saw their line of credit turned into a term loan) and credit limits were reduced, not increased as usual. 2009 was not an emotionally fulfilling year for many. 2009 was a wake up and smell reality year.
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Simple Ways to Protect Yourself From Identity Theft
Protecting yourself from identity theft is not entirely possible if you want to be covered 100%. There is always the possibility of a breach in your protection which can leave you disgruntled, bitter and untrusting.
Subscribing to identity protection programs can be quite expensive. Despite the additional cost, this does not guarantee an ironclad protection. You can still be a victim of identity theft. However, you can make yourself less visible to identity thieves and you can do so by these simple things
1. Tear up your private records and personal financial statements before you throw them out of the trash. These documents or correspondences should be destroyed before they even reach your bins. Tear them up or shred them, the choice is yours.
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read moreIdentity Theft – A Very Real Problem
Identity fraud is a serious problem that is increasing each year and with technology moving ahead so fast with access to the internet, there are so many criminals out there with the resources to log into people’s personal details. There can be nothing more frightening when you receive a bank statement and find charges for items you have never even seen, let alone bought.
There are many people these days who use online banking. Many have never had a problem but there’s also those who have and found to their horror a lot of money has gone from their account. Many use online banking systems safely but for those who are not a hundred percent sure how to do this, contact your bank and ask them to go through it with you and take careful note of the do’s and don’ts, better to be safe than sorry.
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read moreWhen Losing a Pound a Day is Just a Promise to Get Your Dollar
Weight loss, or more broadly, weight control has now become an industry on its own, with proponents operating both on the Internet and in brick-and-mortar venues. With the surprising growth of this industry in just a few decades, it’s not surprising that many have resorted to deception and fraud to sell bogus weight loss programs.
One of the easiest ways to detect fraud is by reading the fine print. It has been a trend for weight loss programs to emphasize all the positive points, without going into detail, and without discussing the negative points as well.
However, it might generally be bad marketing to discuss the negative aspects of weight loss programs. However, complete and undiluted information should always be available to both actual customers and the public.
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What’s Your Good Name Worth The Economic Cost to Losing Information
It’s spring cleaning season – the perfect time to sort and toss paperwork collecting dust on your desk. But wait. Before you haul garbage bags full of unwanted files to the dumpster, do you know what steps you should take to properly and legally destroy business and personal records
Every business has information that requires destruction. Plus there are compliance issues with new federal and state laws in the management and destruction of personal records, says Scott Fasken, owner of Colorado Document Security in Grand Junction, Colorado, and a board member for the National Association for Information Destruction (NAID), an international trade association for the document destruction industry.
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read moreIdentity Theft – 12 Ways to Reduce Your Chances of Being a Victim
Imagine you have been temporarily living out of state for work. You decide to make the job permanent, and so it is time to sell your home. You return home, astonished, to find renters living in your house, the rent money being paid to someone unknown, and a second mortgage has been taken out on your home (payments not being made, of course).
Or, imagine you opened a new checking account and received a debit card. You only used this debit card one time, to rent a U-Haul. Within three days of renting the U-Haul, you receive insufficient funds notices from your bank. Apparently several airline tickets were purchased with your debit card number.
Now let’s say you spend two months dealing with your bank, the airlines, the police department, and the district attorney – only then you find out the person that used your card number was put in jail two days before for other fraud crimes (you were his last hurrah before jail). You can’t prosecute because he is already in jail!
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