A while back I posted about business banking accounts, and asked the community what their thoughts were on the best ones for FHWW’ers. I never really did get a good response, but the post is out there, so I encourage people to respond with their thoughts! In the meantime, I ended up going with Provident Bank, which offered a $122 bonus for signing up, free business checking accounts with no minimums, a remote deposit system, and an adequate (but not the best) online banking system.
Following on my previous post. As we all now know, the current economic crisis is a crisis of confidence. Banks and markets simply don’t have confidence enough to lend each other money. The result is that regular folks like you and I find our options tightened.
In pursuing my muse, I have become somewhat dependent on credit card debt. I think even Tim mentions aggressive use of credit cards to finance his muse business. The current economic climate is making it harder for folks like us. More importantly, one of Tim’s techniques is to transfer balances from one credit card to another, using the 0% APR balance transfer techniques. Well, thanks to new credit card regulations and credit legislation issued by the Federal Reserve, it may be harder to get a 0% APR balance transfer.
One of the tools I have been recently using is SmartBalanceTransfers.com, which allows you to compare a wide selection of 0 balance transfer and no fee balance transfer credit card offers from leading banks and use our balance transfer calculator and articles to help you save the most money possible when you transfer a balance online.
The site is prouced by a company called Credit Card Depot Inc, which claims to have helped tens of thousands of consumers find new credit cards online. The SmartBalanceTransfers.com site is designed to provide folks like us targeted information necessary to maximize the savings that can be reaped with a balance transfer credit card.
If you’re using a credit card to fund a muse, like I am, I think this will be worth a visit.
This is a very funky economic environment and everyone’s tightening their belts. If you have a 4HWW muse, then I hope it’s already providing returns. If you have ditched your job and are in the midst of making 4HWW progress, but haven’t gotten there yet, this is bound to be a tough time.
Personal Loans from ThinkCash
Here’s a resource that might help: ThinkCash. ThinkCash is a short term, personal loan company which lends amounts from $250 to $2,500 for emergency times like when the bills have to be paid or to avoid a bounced check. ThinkCash is different than a Payday Loan or Cash Advance Company in a number of different ways:
- ThinkCash rates are typically 25 – 75% lower than payday loans.
- Unlike Payday loans, ThinkCash loans loans can be paid in several installments – or pay off completely at any time – with no penalties.
- At ThinkCash, the application can be filled out online and the money wired by the next business day.
While this solution might not be for everyone, in an environment where credit is getting harder to come by, you need as many tools in your belt (yes, the one that you’re tightening). This provides another option for you. If you’ve had any experience with ThinkCash or have experiences to share with this or other offerings, let me know!