Monthly Archives: January 2020

Characteristics of True Leaders That People Respect and Admire

A true leader wants to improve the lives of people. This is a goal in the workplace, in the community and even globally. With boundless energy and a focus on productivity, this type of leader can accomplish a great deal in a career, in personal relationships and in philanthropy. This describes individuals like David Johnson, co-founder of Cane Bay Partners, which is based on the island of St. Croix.

Some men and women are essentially born leaders. Their charisma and ability to manage numerous projects at once comes naturally. Others learn to cultivate characteristics of leadership so they can excel in business or other pursuits. Early on, they study qualities of leaders in various organizations and emulate the influential people they find most motivating.

Delegating Tasks

One effective method in leadership is to delegate important tasks to others. This indicates trust that the workers or organization members can do the job well, and it allows the leader to concentrate on projects that he or she should be handling directly. A respected and admired supervisor in a corporation, for instance, keeps an eye on what the team members are accomplishing but does not micromanage them.

Listening and Appreciating

Successful leaders listen to their subordinates. Their door is open so everyone feels welcome to begin a discussion. Praising employees and volunteers is the norm so that everyone feels appreciated. That, in turn, inspires them to be loyal and put forth their best efforts.

Charitable Goals

Charitable goals typically are part of this person’s list of priorities. That might mean donating money or supplies and developing fund-raising efforts. For instance, the charitable division of Cane Bay Partners, named Cane Bay Cares, originated to assist St. Croix residents after Hurricane Maria caused widespread destruction there.

Other Important Characteristics

The best leaders are courageous and visionary. They tend to be humble instead of pompous. Their confidence is unflagging, even when they are struggling. They’ve experienced failure, just as everyone does, and they have worked their way back to success. Not everyone can articulate the qualities, but most people quickly recognize a true leader when they meet this person.

Skilled Consultants Help Companies Overcome Significant Challenges

Just about every modern business of any size can benefit from having regular, reliable access to expertise its own employees do not possess. Consultants like Kirk Chewning help companies solve problems that would be almost impossible for them to overcome on their own. A quick look at some of the types of challenges that such consultants are most often called on to address will make it clear that they provide plenty of valuable services.

Consultants Well-Positioned to Help in Many Ways

Many of today’s most successful companies take pride in how well and pointedly they focus on the areas that are most critical to their missions. That almost always proves to be the best way to stay as competitive as possible and to maximize a business’s profits.

On the other hand, such levels of specialization do lead to certain issues that must be addressed effectively. In particular, many highly focused businesses lack expertise and capabilities that are not integral to their primary activities but can still be important on certain occasions.

In just about every such case, the best way to respond when such a deficit becomes significant will be to bring in an appropriately skilled consultant. Some of the types of issues experienced consultants most often help businesses with today include:

  • Compliance. Every industry features a distinctive regulatory environment, with some of the associated structures being a lot more complicated than others. Few businesses can afford to devote vast amounts of resources to regulatory compliance, but failing to stay up to date is rarely an option. Having a consultant look at regulatory issues and how best to account for them will often be the best option of all. In many cases, a business that uses consultants to help it remain compliant will benefit in a variety of ways.
  • Financial modeling. Sufficiently detailed, accurate financial models are important to businesses ranging from commercial lenders to insurance firms. Having consultants develop reliable financial models for a company can provide it with plenty of much-needed guidance.

Expertise Businesses Can Rely On

Consultants who help companies with issues like these inevitably make doing business easier. In many cases today, consultants prove to be some of the most valuable partners for businesses that are leaders in their fields.

Understanding Fast Cash Loans From Websites That Match Borrowers With a Variety of Lenders

Fast Cash Loans can be obtained by using the services of a website that matches lenders and borrowers. The lender might be a peer-to-peer group, an installment loan company or a more traditional financial institution. This type of service often helps consumers who might have trouble getting a loan from a local bank. It also saves time for the applicant, who does not have to fill out additional applications for every potential borrowing possibility that looks inviting.

Peer-to-Peer Lending

Peer-to-peer lending opportunities are intriguing to consumers for a few distinct reasons. These options are typically on a scale between traditional bank loans with low interest rates and installment loans with relatively high rates. The person usually does not need to have stellar credit, which often is the case with bank loans or conventional loans from vehicle dealerships. The peers considering making a loan use guidelines like the applicant’s income as well as the credit score.

On the other side of the transaction, the lender earns income from the finance charges paid by the borrower. Since this peer-to-peer lender is generally an individual, one can understand why the person must be somewhat cautious in deciding which applicants to provide money to. Borrowers that default create financial trouble for peer lenders; they are not corporations with an in-house collections department.

Additional Advantages of Lender to Borrower Matching

Not only does the process of applying through a lender matching website save time for the consumer, it is free and usually does not require numerous credit checks. Each hard credit inquiry reduces the score by a small amount. This is no problem when someone applies for one loan, line of credit or credit card. However, applying for numerous opportunities within a short time can look a bit questionable.

Organizations that offer the matching service may have dozens or even hundreds of lenders in the system. This makes it much more likely that any given applicant will find a lender that will want to work with this person. If numerous opportunities are offered, the consumer can choose the one that is best for his or her particular financial situation.

Tips From Consumer Portfolio Services For Improving A Credit Score To Get A Better Auto Loan

A car is more than a convenience; for most Americans, it’s a true necessity. Without a car, most people can’t get to their jobs, take their children to the doctor, or even go grocery shopping. However, buying a reliable car can be a challenge, especially for consumers with poor credit. The following are some tips from Consumer Portfolio Services, a finance company that specializes in indirect automobile financing.

Correct Mistakes On Credit Report

When customers try to get a loan with poor credit, they may not be able to get favorable terms. To avoid paying the highest possible interest rate, it can sometimes be helpful to try repairing bad credit. Sometimes, when consumers check their credit report, they discover mistakes that they can correct by providing proper documentation. Consumers most often dispute false reports of late or missed payments.

Request Higher Credit Card Limits

Another factor that affects a consumer’s credit score is the percentage of available credit he or she is using. For example, if a consumer has a credit card with a $5,000 limit and owes $3,000 on that card, he or she is using more than 50% of available credit. By increasing the limit to $10,000, the percentage of credit used will go down to less than 30%. In general, credit card companies will extend more credit to customers who have a solid payment history.

Apply For A New Credit Card

Another way to gain additional credit is to apply for a new credit card, ideally one that comes without an annual fee. However, it’s important to remember that a new credit card should not be considered a new source of cash. Its only purpose is to raise the owner’s credit score by increasing the total amount of available credit.

Share Someone Else’s Good Credit

If a person with good credit allows a friend or family member to share a credit card as an authorized user, the authorized user can benefit from the card owner’s good credit history as well as the additional credit itself. However if the credit card owner misses a payment, the other user’s credit score will also take a hit.

Even with a low credit score, consumers can often get an auto loan. According to the experts at Consumer Portfolio Services, it’s important to shop around and compare interest rates.

What Should You Know About Installment Loans

An installment loan can help a person get through a tough financial time without stress. These loans should be used responsively and repaid as quickly as possible. It is important individuals understand the benefits of an installment loan and when they come in handy to help with unexpected expenses.

What are the Benefits?

There are many advantages to seeking an installment loan. When unexpected car expenses arise or a bill comes due and there is no money, an installment loan is beneficial. The following offers some insight into the many benefits of this type of loan.

  • One of the biggest benefits of seeking an installment loan is speed. When someone goes through a traditional bank, they may have to wait days or even weeks before they receive the money. The installment loan application process is easy and fast, allowing individuals to receive the money they need as soon as possible.
  • Another advantage of seeking an installment loan is the terms. Because the payments are made in installments, they are typically easier to handle and do not cause so much stress.
  • The payments can be set up according to the pay schedule of the individual, making the payments easier to process. Having the payments fall on the right dates takes away a lot of stress from borrowers.
  • With reliable interest rates, borrowers will be able to rest assured their payments will be predictable and will not fluctuate with each month. This is imperative when individuals are planning their budget.

How to Get Loan Help

It is important the right loan company is sought for an installment loan. Carefully researching the options will allow individuals to make the right decision for their financial needs. The process of choosing a loan provider should never be rushed.

The application process is fairly easy and can be done mostly online. Making sure you have met all of the requirements will help the process to go much more smoothly. Knowing when to use installment loans is essential for being able to make the right decisions.

An installment loan is meant to provide temporary financial assistance and should be paid back promptly for the best results. Check out your options today.

Tips on How to File for Workers Compensation

When injuries occur on the job, injured workers have a right to seek workers compensation. These benefits allow injured workers to receive wage replacement and medical care coverage until they are able to return to work full-time. Knowing how to file for benefits is vital. With this information, individuals will better understand the steps they need to take after an injury has occurred on the job.

How to Get Started on the Process

To get started on filing a claim, the injured worker needs to first inform their employer of the injury. In most states, there is a time limit on how long a person can wait to inform the employer. Waiting too long could result in a person being unable to further pursue their benefits.

Once the employer has been informed, they will start the process of filing the injury claim with their insurance company. The employer and the insurance company have a specific time period to respond. They can accept the injury claim and begin paying or they can reject the claim and deny it.

If the injured worker is approved for their benefits, they will begin receiving checks that offer a percentage replacement on the wages they are losing as they await their doctor’s permission to return to work. All of their medical bills will be fully covered.

What Happens If the Claim Gets Denied?

Should the claim be denied, the injured worker still has rights and can further pursue their entitled workers’ compensation benefits. It is important to note that hiring an attorney can be helpful in allowing the injured worker to pursue an appeal. The appeals process sometimes involves mediation meetings that are held between both parties. If the injured worker and their employer cannot come to an agreement on the benefits, an appeal trial can be held.

If you have been injured on the job, getting help from an attorney is helpful. The attorney will guide you through all the steps involved in the process and will work to get a fair outcome. Call for a consultation appointment to get started. The attorney will hold your employer accountable.

A Brief Look at How Secondary Lenders like Consumer Portfolio Services Operate

The world of automotive finance is more complex and dynamic than many people realize. While traditional means of financing vehicle purchases are still common, there are newer and more specialized alternatives that benefit many buyers greatly.

Indirect lenders like Consumer Portfolio Services, for example, function according to a distinctive business model that has proved highly viable and profitable. A quick look at how such secondary lenders operate will reveal that all the important details have been accounted for.

A More Modern Approach to Automotive Lending

Most new car purchases today are financed using the sorts of conventional loans whose particulars have not evolved much, if at all, for decades. Many would-be buyers, however, do not have the credentials needed to qualify for such financing and have to look elsewhere for help.

More and more often, that means opting for arrangements that include an indirect lender behind the scenes. This increasingly common type of lending involves a number of distinct activities, including:

  • Contracting. Dealers who see that their customers could benefit from more access to financing will often approach indirect lenders to set up contractual relationships. That will entitle a qualified dealer to approve loan applications on the spot for customers who meet the specified requirements.
  • Purchasing Soon after a qualifying loan has been issued by a partner, an indirect lender will buy it, typically along with a number of others. This frees dealers from needing to keep such liabilities on their books for long at all.
  • Securitizing. Indirect lenders themselves do not normally hold on to the loans they purchased for extended periods of time. Instead, they package them up into securities which are sold on to investors, freeing up more capital to be lent out to car buyers.
  • Servicing. Even after having sold off a loan, a secondary lender will often keep servicing it. Continuity of service makes problems like defaults less likely, in many cases.

An Approach That Has Enabled Millions of Car Purchases

This relatively novel style of automotive financing has allowed many vehicle purchases in recent years. Although there are alternatives, loans that rely on the contributions of indirect lenders have benefitted many car buyers and will do so for many more.

What to Expect from Personal Injury Lawyers

The first thing car accident victims should do after seeking medical attention is to start looking into lawyers. Hiring a lawyer can be stressful, though, especially for those who don’t know what to expect. Read on to find some tips for working with personal injury lawyers that can help keep costs under control and ensure a good experience.

Initial Consultation

Once they’ve chosen a law firm, clients will have to schedule initial consultations with their lawyers. They can use these meetings to share information about their cases and ask questions about fee schedules, potential outcomes, and what to expect moving forward. Bring relevant documents like medical records, police reports, and photos of the scene to the consultation and be prepared to answer questions about the cause and details of the accident.

Thorough Investigation

Before deciding how to proceed, lawyers need to know everything about their clients’ cases. They’ll compile evidence through client interviews, document review, and careful evaluation of all the details of the case.

Negotiations with Insurance Companies

Most personal injury cases never go to trial, although it’s still important to work with a firm whose trial lawyers have plenty of experience dealing with similar cases. Insurance companies are usually more willing to negotiate reasonable settlements with plaintiffs who have dedicated legal teams and lawyers know how to tell if the terms of these settlements are reasonable.

Courtroom Representation

Personal injury cases are civil suits, which means that the plaintiff isn’t the state but a private party. That doesn’t mean they never go to trial, though. If the responsible party or his or her insurance company is unwilling to negotiate a reasonable settlement, the client may still need to present his or her case in court and a personal injury lawyer will act as a legal representative throughout this process.

The Bottom Line

Whether they’re able to come to an amicable resolution outside of court or they wind up having to go to trial, accident victims are always better off seeking the help of a lawyer. They’ll be more likely to get the compensation they deserve for their injuries and won’t have to worry about hospital bills and lost wages while they heal.

Credit Problems? Auto Financing is Possible with Consumer Portfolio Services

Buying a car is often a necessity for people who live in rural or suburban areas with little or no public transportation. For those who have credit issues, it can seem impossible to buy necessary transportation to get to work, school, medical appointments, and more. Fortunately, auto financing is possible with Consumer Portfolio Services.

Past Credit Problems

One of the most common reasons why people struggle to get auto financing is credit problems. If someone had unpaid bills or other credit issues, it can lower the person’s credit score and make lenders feel unsure about extended credit. Work with a finance company that specializes in providing indirect vehicle financing to have the most possible options.

Limited Credit History

If a person never had a credit card or loan, it could mean having little or no credit history. When lenders cannot see a pattern of repayment, they might not extend a loan for a car. Working with a dedicated service helps people with a limited credit history to get the auto financing they need.

Low Income

Many people work hard all week to earn a modest paycheck. They need reliable transportation to get to this job and consider getting a second job to earn more income. Qualifying for automobile financing can make a difference in the lives of low-income borrowers looking to make the most of their potential.

Dedicated Service

A dedicated financing service helps people from a variety of credit backgrounds to get the auto loans they need. Working with a quality service increases the chance of qualifying for auto financing to get a car or truck. Reliable transportation helps lenders move forward with their lives.

Competitive Terms

Auto financing should be accessible and fit into the budget of the borrower. Choose a lending service that offers competitive terms that will be comfortable to maintain in the years to come.

Trying to borrow money to buy a car can be difficult for people with credit issues. Using the right auto financing service can mean the difference between driving away into the sunset in a dream car or struggling to figure out the bus schedule.

Locals Help the U.S. Virgin Islands Recover More Quickly From Damaging Tropical Storms

The United States Virgin Islands is a wonderful place to live, but it also regularly faces serious challenges. Chief among these are the tropical storms that so often wreak havoc on the islands and will almost certainly continue to do so.

Especially because many residents of the territory are not well off, recovering from such disasters can be difficult. People like Kirk Chewning have taken the lead in recent years to help the U.S. Virgin Islands rebound more quickly after damaging storms make landfall.

Helping a Vulnerable Place Weather Intense Storms Better

Every Atlantic hurricane season puts the U.S Virgin Islands in danger, even if the territory escapes serious damage in most years. More regularly than anyone would like, a severe storm hits the islands head-on, leveling many buildings and causing other problems.

Even when residents take care to find secure shelter within which to wait out such events, getting back on track afterwards often proves difficult. Despite being a top destination for tourists from all over the world, the U.S Virgin Islands have never been especially wealthy.

Residents who have been fortunate enough to amass wealth and connections of their own, though, have increasingly opted to pitch in to help others. Chewning and other founders of local consulting firm Cane Bay Partners, for instance, established a non-profit that has been tasked with assisting with recovery after serious storms.

Much-Needed Resources and Support

That has made a significant difference in recent years, even after some of the most damaging storms in memory struck the islands in close succession. Offering up supply packages and other constructive responses quite quickly, nonprofits in the U.S Virgin Islands have helped make the territory more self-sufficient.

This has proved especially fruitful and significant because aid delivered from within the territory’s boundaries arrives more quickly and can be targeted more accurately. Instead of waiting many days or weeks for international help to arrive, residents of the U.S. Virgin Islands have been able to rely more on their neighbors for the support they needed.

While there are plenty of other steps that need to be taken, the value of this development should not be overlooked. Since the U.S. Virgin Islands will face many storms in the future, coming up with better ways to respond will always be helpful.