Mar 27

Surety bonds are insurance products. The difference between these insurance from other is that surety bonds do not protect the person purchasing the coverage but provide coverage for a third party. A surety bond guarantees that your business, as the purchaser (Principal) of the insurance, will deliver or perform your business as required by the third party (Obligee).

If you run a business that has to fulfill requirements of local or state governments or has to obtain a certain kind of licence, Obligees may ask for a security insurance product from you before doing business with you. The bond and the insurance policy are both tools of transferring risk and providing funds if there are any financial loss.

Here is how surety bonds usually work:

- The Principal and the Guarantee enter into a contract, where a promise to reimburse is involved, should there be a case of a default of obligation to the Obligee.

- If the Principal defaults, the Guarantee will provide the agreed amount of money to the Obligee.

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Tags: Bond, Surety Bond

Mar 26

For many Americans, spending at grocery stores represents the highest share of their essential purchases. To maximize purchasing power, shoppers aggressively search for the best prices and use coupons wherever possible. Another great way to save money at supermarkets is to use a credit card that offers rewards for spending at grocery stores.

One card that helps consumers earn valuable travel rewards at the grocery store and on other purchases is the Venture Rewards card from Capital One. Cardholders earn two miles in Capital One’s program for each purchase. When it comes time to redeem those miles, each mile is worth one cent as a statement credit towards any travel related expense such as airfare, hotels, and car rentals. This card has a $59 annual fee that is waived the first year.

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Tags: Best, Best Cash

Mar 20

Fast Cash loans that offer money without credit checks for emergencies can be very welcome when you suddenly find yourself in need. These loans have advantages when you need them but there are also disadvantages that you have to be aware of. Hopefully of course when you pick the right loan there will be more advantages than disadvantages in obtaining the quick cash loan you need.

The biggest advantage of these loans of course is as the name suggests they offer fast cash. They pay out quickly and are also normally a small amount that can be paid off quickly. They are not huge loans that might actually take years to pay off, if that’s what you are after then this is not the option for you.

When looking at disadvantages you have to be very aware of the difference in interest rates. Read more…

Tags: Fast Cash

Mar 19

On Thursday 22 March, NAB will be conducting their annual employee engagement survey, The survey will be open for all employees to access for two weeks and is intended to get your views on what it’s like to work at NAB. Questions include how you feel about your:

These are issues that FSU members contact their union about every day. SUSU is a great opportunity for you to tell NAB how you feel. The survey is confidential and we strongly encourage you to take the time to fill it out and answer the questions honestly.

FSU will be briefed on the survey results, which will assist us in working with NAB over the coming year in areas that are identified as being of most importance to employees.

Tags: Nab, Nab Members

Mar 16

The beautiful Farnoosh Torabi is at it again. This time, she stopped by the CBS Early show to share some tips for managing through your own personal cash crisis. Here are the highlights:

  • The average American spends 6-12% of their annual income on gas & electricity. She talks about ways to lower that, especially for seniors and low-income households. If someone in your family has lost their job during the recession, you may now qualify.
  • Cut back on cable or ask for freebies. I did this, and saved $40 a month. Its not that difficult, and really only takes some time so why not try it?
  • Medical bills. Medical bills are often times negotiable and you may not have to go to the extreme that Farnoosh did when she saved $400 off her dental bill!
  • College tuition lost income can mean big discounts, but you need to use the special term mentioned in the video when dealing with the financial aid office.
  • Refinancing interest rates keep hitting record lows, if you have the equity you could save $200 per month.

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Tags: Cash, Cash Back

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