Archive for the ‘Financial Planners’ Category

An In Depth Comparison Of Your Fico And Vantage Credit Score

Wednesday, January 16th, 2019

By Tony Francis

FICO (Fair Isaac Company) and Vantage credit scoring method primarily differs with the way it is used and calculated by the 3 major credit bureaus (Equifax, Experian and TransUnion). Although both are a major factor in the issuance of credit reports, both scores are used by credit companies in determining whether to grant or not to grant a loan to an aspiring applicant.

Vantage score, according to studies is preferred by majority of those in need of loans because they can have a better chance in getting high scores as compared to the FICO scoring method. The Vantage credit scoring method is actually created by the 3 major credit reporting companies. It uses analytical techniques that give possible loan applicants high, predictive and consistent credit scores using a 24 month basis of collective experience from the consumer to be scored.

Another thing that has made the Vantage credit score popular is the fact that it returns score ranging from 501 as its lowest and 990 to be its highest. On the other hand, FICO’s method of calculating only has 850 to be its highest available score card as compared to Vantage scoring method. FICO also makes use of 5 variables (payment history, length of credit, new credits, amounts owed and types of credit used) while on the other hand, Vantage is based on payment history, depth of credit, recent credit, available credit, balance and utilization.

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While we can say that indeed, FICO scoring method is old school, you should always be reminded that it is as important as any other data found in one’s credit report. There is still more than a few credit companies that prefer A FICO over Vantage because it has been their reference for years. Like they say, old habits are hard to forget.

Vantage scoring method was actually created by the 3 credit reporting companies with the aim to simplify the credit process and give consumers an advantage in scoring. Equifax, Experian and TrnasUnion is said to have joined their forces together to create a model and modern credit scoring method that will provide consumers with greater scores that remains consistent throughout the span of 12 months.

There are also things common to both scoring methods. Both are accessible to the 3 major credit reporting companies. Both can also be found in one’s annual credit report that is being studied not just by credit companies but by future employers as well. A credit score is seen to be the basis of how a person handles his finances, his reliability (if he can’t handle his money matters, how can he be trusted with a company?) and his capability to organize things.

We can clearly see here that a credit score is more than just a 3-digit set of number. It is a determiner in one’s personality and a basis of future transactions whether with employers or with credit companies. Early on, it is but advisable to keep a clean record and even if at present, you are not in need of any kind of loan. There will always be a time you will need one and all you can rely on is a good credit score.

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How To Save Money For Retirement

Wednesday, June 6th, 2018

By Marilyn Pokorney

Saving money for retirement can be easy or difficult depending on your current salary. If you are like 75 percent of the American population, earning just enough money in your current job to meet your monthly bills, then it’s time to do some serious thinking on how you are going to live when you retire.

Social Security isn’t going to meet all your monthly payments. That is, if Social Security, or some revised form of it, still exists when your day of retirement arrives.

Here are some tips on how to save today for your future. No matter how little, or how much, you earn today.

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Estimate how much you must save to give you the income you know is necessary for you to retire in comfort.

Experts suggest that you will need an income equaling about 75 percent of your current take home pay. Be sure to estimate a rise in inflation which has historically been about 5.3 percent per year.

Figure out how much of your current salary will need have to save each year to achieve your retirement goal by counting backward from the year you plan to retire to see how many years you have before retirement. Include the possibility of being on a fixed income for as long as 20 or 30 years. Depending on how many years you have until retirement a U.S. Treasury bond that guarantees six percent interest might be considered, while stocks might have the potential for a much higher return, but has a much higher risk of loss.

A financial planner, stockbroker, or an accountant, can offer guidance, expertise and access to knowledge about almost any type of investment or retirement planning concerns.

Spread your money out over a variety of investments. Some will prosper while others may fail.

Set up an automatic draft from your bank account from your paycheck so that a portion of your income goes directly into your retirement funds. Pay off major debts, such as home mortgages, college loans and other significant cash-flow drains, as quickly as you can.

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About the Author: Marilyn Pokorney

Freelance writer of science, nature, animals and the environment. Also loves crafts, gardening, and reading. Website:


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Shelving Racks And Rack Shelving

Friday, January 19th, 2018

By Camille Howe

Rack Shelving converts floor space, walls, and portions of the vertical cube into organized storage space. Shelving racks are made from the highest commercial grade steel and are available in all sizes and industrial strengths. New and used models are available in open shelf racking, closed back racks, and wide span rack shelving. Shelving racks are often connected together either side by side or one on top of the other. This is made possible with adjustable clips that connect units together. It is not uncommon to see several open backed units connected side by side and used to store paperwork and company files. Closed backed units can be connected one on top of the other in a box shelving configuration that can hold up to 2,000 pounds of weight. Standard dimensions are available for all shelving rack designs, and custom units can be manufactured per special request.

The durability of rack shelving is unmatched in the material handling industry. Each unit, regardless of build or weight capacity, is coated with two layers of protection prior to being drop shipped to its destination. Iron phosphate forms the first protective layer and works to prevent oxidation from salt air and airborne industrial pollutants. The second protective layer consists of baked on enamel painted onto the steel racking that helps reduce dents and warping during use and accidental impacts. These two protective layers work together to minimize stress on shelving racks anytime they are exposed to the open air and experience a sudden rise or fall in temperature.

The commercial grade quality of these materials ranks among the highest in the industry. Because the bay doors and loading docks of many facilities are often open to the outdoorsand therefore exposed to extremes in heat and cold in many parts of the countryEasy Rack shelves are designed not only with the highest commercial grade rack, but also the highest commercial grade metal protectors to make sure your material storage units withstand the elements over the course of many years of use and extended exposure to climate variations.

Two of our most popular and effective rack shelving options are industrial metal warehouse shelves and long span and wide-span warehouse shelving, also known as Rivet Rack Shelves.

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Industrial Rack Warehouse Shelving

Warehouse shelving racks are frequently stacked on top of each other and bolted together to create boxed shelving systems. Such systems can easily hold up to 2,000 pounds of material.

Warehouse shelves can be ordered in either open-backed versions or close-back versions. Open-back units give employees convenient access to materials from all four sides. Closed back units act like cabinets that can either be stood against the wall or shut tight and locked up after hours.

Long-Span Shelving Racks

Long span shelving racks are designed to stand to the side of a room or warehouse and convert horizontal and vertical wall space into storage shelving. These wide span units can be linked end-to end to cover the entire wall of a large facility, or they can be used as stand-alone units behind counters in retail service centers, parts stores, and hardware stores.

Widespan units are made from 24-guage steel shelving supported by steel beams built around a two-piece design. This increases the shelving racks center of gravity and allows it to evenly distribute loads that weigh up to 35,000 pounds.

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