Debt Consolidation Credit Counseling In Phoenix

Before you decide to invest in any kind of market, you really need to take a long look at your current financial situation. Investing in the future is a good thing; however, if your current financial status is less than ideal, it could be the worst mistake you'll ever make.

So, how do you make sure that when you start to invest, you don't damage your financial position?

Make sure that you look at your overall financial picture. Dealing in the market is like gambling, so you'll want to use money you don't mind losing. Check and see what you are paying out on a monthly basis, look at all the dispersal's and get rid of the expenses that are frivolous.

Warning! If you go with the faulty logic that all you need to know is that you should try and make an investment in your future, you might as well drive books down the driveway. Yep, drive books and watch pumpkins fly. If you go for this hype without clearing up bad or potentially bad situations in the present, you might as well start "Chunkin Those Pumpkins", because you are going to be about as successful long-term as tossing a baby grand piano across the room.

If you can't do anything else, roll the money from the high interest credit card on to one with lower interest, and refinance high interest loans with loans that are at lower interest rates. It may be in your best interest to apply some of your investment money into paying down your loans and credit cards, but in the long run, you will see that this is the wisest course of action after reviewing all of your expenses and payouts.

Let's take an example of one thing you might be able to get rid. If you have credit cards with all that high interest, pay them off and get rid of them. Pay off all those high interest loans along with those credit cards as quickly as you can, then refinance any high interest loans that are left, and replace them with loans that are billed at a lower interest rate. In the long run it will make better sense to pay down debt, and you will see over time that this is the wisest course of action.

Once your financial status is good then enhance your monies with sound investments for the future. It now makes little sense to invest your money. When your bank balance is bad or problematic, or if you're living from paycheck to paycheck and paying bills is a struggle, that is not the time to think about tying up your cash. Investing your dollars in rectifying your adverse financial issues first would make better sense.

This way, when you find yourself financially solvent once again, you will be informed and able to make a decision about what types of investments you want for your future.

The one thing to learn from interacting with credit is that it will take precious time in building it- but even more time in repairing it. If you've made some poor choices in recent years, and it shows on your credit report, there will be much work ahead in fixing it. But with following a few simple guidelines, and showing responsibility, it will only be a matter of time before the credit rating is restored.

When we reference the phrase credit rating, we aren't talking about any one single number. There are different credit companies available that calculate their scores on different metrics, and also use different numbers to indicate different scores. In general, it's best to have the highest score possible, and to enact a responsible behavior in trying to improve a credit rating. For example, the amount of loans currently held is seen as a negative impact on a credit rating if the amount is substantial enough.

Something as trivial as having a credit report accessed can have negative impact on how the credit rating is ultimately tallied. The explanation behind this is the fact that a consumer is more likely to have more lenders access their report if they are constantly being denied a loan- which is obviously a bad indicator. This usually has little effect on a consumer if they already have good credit, since it would also be explained by trying to find a good deal on a loan.

The earliest exposure to credit possible is always recommended. This is true because creditors are more likely to trust those who have worked with credit for a few years- sometimes at least a decade. After all, those new to credit will be more likely to make mistakes and violate trust set forth with a credit company. It's possible to go many years without interacting with a credit company for the first time, and as a result, expect one's credit rating to be at or near zero.

Some lenders and credit agencies are able to access payment records of different sorts. If payments are frequently late, it goes to show that the applicant is likely rather irresponsible. At any rate, it shows that the consumer is unable to pay their current load of bills, and shouldn't be trusted with more until their condition improves.

Some things that may go on a credit report will mar a consumer's score for years to come. It's very important that a consumer get proper financial help when they are nearing the edge of bankruptcy. It is common for bankruptcy to ruin one's credit rating for a decade- something that obviously is going to hinder one from living a normal life.

Closing Comments

There are many resources available to consumers who may need help. From the Internet to government-run programs, a consumer should never feel like he or she is alone in the fight to a success in finances.

Among the advantages of credit cards is their convenience. It is nevertheless far to easy to be quickly drowned buy credit card debt and can be extremely troublesome to get out of again. One way that is usually used as a starting point for getting out of debt is consolidating credit card debt.

If you are one of the many individuals out there who are presently stuck in charge card debt, here is some advice that you will find very accommodating.

Recall that the key to utilizing credit wisely is to avoid redundant debt. Do not spend frivolously just because you have admittance to a charge card, and instead only use it when you utterly need it and when you know that you will have the money to pay it back.

In situations where you are already in charge card debt nevertheless, one of the foremost matters that you should execute is instantly stop charging anything additional on your credit cards. A lot of individuals in credit card debt figure that they are already in trouble so what does it matter if they proceed expending, but this is the absolute poorest thing that you can do.

To get control of the situation, stop expending on them cards. Then work out out how much you owe altogether. Now begin paying off more than the minimum required requital. Try to overpay as much as possible. A charge card will NEVER be paid back if you only pay the nominal required.

This feeds your creditors the feeling you in truth do want to pay back your bill. It indicates you're not only willing to ante up, but that you mean to pay it in full. Yield more and pay on time. If you do this the interest will remain low and your debt will begin to reduce. It can be difficult to do this with multiple accounts however, if that's your state of affairs, a debt consolidation or balance transfer may be the option for you.

If you do your inquiries, stay positive, and hold in mind what you've learned in the procedure, you can get out of debt. Be controlled and responsible and you'll be on your way.

First, is the consultant experienced? Ask about how many years he has been in business, what has been the nature of his practice and the types of problems he has solved, his existing clients, and the breadth and depth of experience. You may not think your issues are complex, but you are likely not aware of some of the strategies that could benefit you most, nor are they be understood by a novice. For example, it may take years of apprenticing to be ready to address the myriad issues facing seniors, so don't be someone's guinea pig. This is especially true in the area of tax and estate planning, where many novices present public seminars with only a basic understanding of complex issues.

Second, what is your advisors educational background? You'll want to look for genuine credentials such as Chartered Financial Consultant, Certified Financial Planner, Certified Public Accountant, Certified Life Underwriter, Juris Doctor, or other legitimate credentials. These indicate an educational background in finance, business, insurance, law, accounting, etc. and require years of experience and/or comprehensive examinations from accredited institutions. Beware of quickie course designations such as the CSA, which only require a two-day course and minimal knowledge of planning topics.

Third, does the advisor have a commitment to high ethical standards? Look for membership in at least one industry association (such as NAIFA, Society of FSP, FPA, IBCFP, etc.) that enforces a code of ethics. Of particular concern in ethics are those that not-so-subtly use their church affiliation in advertising.

Fourth, is the advisor diligent in their continuing education? In an increasing regulated and governed environment, laws are constantly changing, and the economy is always in motion. Are they keeping up with current laws, and keeping on top of changes that affect their clientele? What level of study do they pursue (basic, intermediate, or advanced)?

Fifth, does the advisor handle the services you need? Consider whether you need comprehensive financial planning, tax planning, or investment advice. Will you need help with securities, or simply need someone to give tax advice? Is the planner simply an insurance salesman? Find the consultant that specializes in the services that you need.

Sixth, is your financial planner a solo-practitioner? What kind of support team does the advisor have to bounce ideas off of, and to provide additional perspective? Is the firm large enough to provide all of the resources you should expect from your planner?

Seventh, what is their clientele like? You want to find a financial planner that handles similar clients to yourself. If you have a net worth of $200,000, but your advisor primarily handles people with a net worth of $5 million and up, are you going to receive the attention that you deserve? Are there other advisors with the firm that may be better suited to your situation? Does the advisor have a particular age demographic, or preferred client type?

Eighth, how is the planner compensated? Are they paid by commission, fee only, or a combination of the two?

Finally, is your advisor a professional? Be wary of persons who are merely part-timers working out of the trunk of their car, lack membership in professional societies, omit commitment to continuing professional education, and criticize others who do commit to high standards. Often they will downplay the need for education, or boast they "know more about estate planning than most attorney's out there." Smooth salespeople are often very charming, and may even present a charismatic public seminar-but they may also be dangerous because they don't know what they don't know.

It's unbelievable how some people are caught in bad credit and do not know how to get out of it. If you think you are facing the same problem, I suggest you should read this article. This article will tell you more about debt consolidation. This will serve as a guide for you.

Having a lot of debt is common today. People nowadays have become dependent on credit card and thus it is not surprising that they are not able to settle their debts. However, if you are caught in such a situation, what would you do? Well, I have the answer here. Have you heard of debt consolidation? Well if you haven't, do not worry because I am here to tell you all about it. The purpose of debt consolidation is to take out a loan to pay off all the other debts. By doing this, you only need to pay only one lender each month.

How do you get such a loan? It sounds too good to be true? Well, let me tell you that it is true! If you have properties such as a home or car, you may get a lower rate through a secured loan. A secured loan is a loan where you can use your properties as collateral. However, there can be a disadvantage to this. Why? This is because, if you are unable to pay your loan, your properties and assets becomes the property of the creditors.

If you think that it will only burden you as you will be burdened by more debts, think again. A debt consolidation loan is usually a debt with a lower interest rate. At time, a debt consolidation loan will have a fixed interest.

Let's face facts here; the benefit of debt consolidation is that it offers a consumer that has high interest debt balances. With these companies could also gain of refinancing to charge very high payment in the debt consolidation.

If you are having bad credit and are almost being forced to declare bankrupt, and you do not refinance your house mortgage, you may lose your home. Therefore, it is better to consolidate your debt and make the monthly payment more manageable.

If you are still not convinced and need more information on how and why you need to consolidate your debt, read this. if you think you are having trouble paying your monthly credit card bills and having problem dealing with your home mortgage loan, you should consider debt consolidation.

Now that you have decided to go apply debt consolidation, there are two kinds or consolidation that you have to consider. The two choices are secured or unsecured debt consolidation. If you fall under the category of having only a few debts that will not amount to a large amount, unsecured debt consolidation is the choice for you.

Now that you are armed with this information, you could benefit from debt consolidation in preventing you from getting into bankruptcy. This will not only lesser your burden but also ease up your financial strains if you apply debt consolidation. So get out there and start applying now, you will see the immediate changes that will kick in.

The first step in fixing a credit report is to read it. You can get a free credit report online (just look up free credit report). You can get a free copy of your report once a year, as well as when you are denied for credit " you can request a free copy of your credit report from the credit agency which supplied the report to the prospective creditor who turned you down.

Once you see your report, youll know why you were denied credit. However, whats the next step? What do you do if you see inaccurate items on your report or ones which you feel to be unfair, even if they are accurate?

If there are items on your credit report, you can dispute them (in writing) with the credit bureau. You have to tell them that a given item is incorrect and by law they must investigate the matter within 30 days. You should send your dispute via certified mail and include any supporting documentation (for example, canceled checks and the like).

The credit bureau will contact the organization which reported the item in dispute; they will then have 14 days to respond with proof. If they do not do so, then the credit agency must remove the item from your credit report. Afterwards, they will send you an updated copy of your report and if you ask them to do so, they will also send a copy to any creditor who has asked to see your report in the last six months. However, if you want this done, ask the bureau to do so " they will not do this unless you ask.

A lot of creditors wont bother to write back to the credit agency if the item in dispute is less than $500 or is over a year old. Fixing a credit report can be done, even if the information on it is accurate. Even when you dont manage to have a dispute resolved to your satisfaction on the first attempt, you are permitted to submit another dispute after 30 days.

If you cannot have an item removed, you will be allowed to provide a short explanation of the item (this can be up to 100 words long). This explanation will be viewable to any prospective creditor who looks at your credit report.

If there is a long history of late payments and defaults, fixing a credit report can be a long term project. However, you can correct some of the problems on your report and provide an explanation for others. This will provide some improvement on your report even as you make the effort to get your credit back into good shape.

There are many ways to get rid of the pain of credit card debt. This is one thing that most experts agree on; Consolidation Loans.

This is combining all the debt into one payment. This has its pros and cons:

Pros; 1. Allows one simple payment

2. Can allow you to pay the same amount, while actually paying off more of the loan. 3. Can reduce interest quickly 4. Allows you to set up one automatic payment and "set and forget" it.

Cons:

1. Can create a false sense of security having only one payment 2. Allows you the bad option of getting more cards after you have set the process up. 3. Takes away some of the pain without actually taking away the debt

If you are already having a difficult time paying your bills you don't want to make things worse by missing payments, and getting increased payment penalties

Consolidation of credit card debt into a single loan can be a great way to get away from high interest rates charged by credit card lenders.

You also will have less stress about, because instead of making multiple payments each month, you will only be making one payment.

It is possible to find a lender that will be willing to give you a debt consolidation loan, even if your credit rating has been effected, provided you can show that you have regular income to maintain the payments on the loan.

Each lender has there own criteria for debt consolidation loan approvals, so it varies widely. Always look for any "balloon payments" or increased payments over time. You are looking for set payments, over a long term, plus the option of making extra payments to pay it off faster, if you can.

You don't want to be punished for paying the loan off faster than expected. With this process it is a matter of discipline to not create any more debt otherwise the process doesn't have the desired effect.

TransUnion Credit Bureau is one of the big three credit bureaus. They keep a record from all your lenders about your accounts.

They will record any late payments, missed payments, balance, and all other pertinent information. The lenders send this information to the bureaus.

This information is what is shown on your credit report. Future lenders and employers can look at this.

They were founded in 1968. But, back then they were known as Union Tank Car Company, a rail car leasing operation.

That company made TransUnion its parent holding company. Over the next 30 years they became one of the world's leading company intelligence providers maintaining one of the largest collections of consumer information.

In 1969, they acquired the Credit Bureau of Cook County, and started the company we know today. Throughout the 1970s and 1980s, they continued to expand.

In 1988, they gained full coverage in the United States, holding information on every active consumer in the country. Today, their reach extends to 25 countries on five continents.

It is privately held, meaning that it is not publicly traded. Their annual sales are in the billions.

It is a good idea to check your credit report. Get yours free, just visit Annual Credit Report.

It is not uncommon for there to be an error on your credit report. An estimated that 1 in every 4 Americans has an error.

If you have an error you should dispute it with the bureau. You must create a dispute letter and provide the reason why the item is in error.

When the credit bureau receives your letter and decides it is valid they will investigate. Often, errors are removed regardless of their accuracy.

The difficult part is getting the bureau to investigate. This is because they must spend potential profits to investigate a dispute.

creditors have found it more cost effective to improperly respond to dispute letters and try to frustrate the individual, rather than investigating. The Fair Credit Reporting Act says the bureaus have to investigate disputes.

This is why many consumers who wish to remove questionable items on their report will hire a service to dispute it for them.

In sum if you have a problem with your report you should file a dispute with the credit bureau. You can do this with a letter or hire a service to handle it.

It is a sad fact that many individuals in debt today will never be able to say that they are completely free of their creditors. With the cost of living rising and the level of salary payments struggling to keep up, there is less disposable income on offer and debts are rising as a result, to the point that some individuals can no longer afford to repay them at all. That is where the IVA debt help can come in handy.

An IVA is an agreement, an Individual Voluntary Agreement to be precise, that allows you to pay a set amount every month towards paying off your debts. The amount of the total debt is reduced as a result of these set monthly repayments and what is left is written off after the term of the agreement (usually 5 years). At the end of the term, providing you have kept up repayments, you will be considered debt free.

The IVA Debt Help is: * A formal agreement between yourself and your creditors * A document reducing the amount your pay back on your debts to make them more manageable for you. * An arrangement set up via an Insolvency Practitioner to ensure that all parties involved maintain it. * Usually completed after five years. After five years you will become debt free and all your remaining debts will have been paid off.

The purpose of the IVA was to try to help people in debt get rid of their debt without having to go bankrupt, and to help creditors get back as much of their money as is feasible. When you apply for an IVA, your company will look at all your income and assets to see how high your repayments can realistically be.

This may include: * Regular income * Savings and investments * Income from third parties * Assets, such as an endowment policy

The assets and income are then added up. From that number, the IVA company will subtract the amount of money you need to pay for your bills, house, and food. The result is your disposable income - which is the income that will be used to pay back your creditors.

In the same way that bankruptcy involved court action, so does an Individual Voluntary Arrangement. The court must be informed and appoint the Insolvency Practitioner to help you and to supervise your repayments over the years governed by the agreement.

Getting out of debt is a wonderful feeling after being in debt for so many years, so if you are deep in dept consider getting an IVA. However, not everyone should be getting IVA debt help, so discuss your particular situation with an IVA company to see if you should also consider other options.

It is easy today to obtain any type of loan, inclusive student loans. What is not easy is paying it back. Therefore, before you go for any type of student loan, ensure that you understand some basic truths about the process and its consequences.

Student Loan Information: What You Should Know

There are a few questions that would help you decide whether or not you should apply for that student loan. The first question is how much financial assistance you need, followed by what is the concrete plan on how the repayment would be done.

You also need to have the requirements for eligibility of the loan you want clear in mind. You should know where it would be best to apply, ways to earn money while you are still attending classes, and the time difference between the loan sanction and loan repayment.

The answers to such important questions will help you decide whether or not it would be wise in your case to apply for financial aid. You can also determine how difficult the process of repaying your student loan could potentially be. Be absolutely sure that you are well prepared to use the funds you would borrow wisely and to pay back everything you borrow plus interest payments.

Repayment Conditions: Dont Ignore This Important Aspect

About six out of every ten students in USA are heavily indebted when they graduate starting their adult life, as you would say, with the left foot. These debts would be often because of mismanagement of student loans, credit cards misuse and other such things. The point is that the pressure of a negative credit record can be exceptionally heavy when you newly start your career ??" and very often a family as well.

In order to avoid such unpleasant circumstances, you need to plan out how you will repay your student loan debt now. Even though making good financial choices is not easy when you are young, it is worth putting forth the effort to do. Contact your school for debt counseling instead of maxing out your credit cards if you find yourself in a financial bind.

Technical analysis is a way to predict future stock price trends using past market data. Many people have had positive results considering stock price and volume, however, academic mathematicians consider this method to be an overly simplified statistical analysis of market trends.

Over the past years, technical analysts have argued that a company's specific data affects the price and value of their stocks, therefore making fundamental analysis unnecessary. The method of fundamental analysis utilizes a comprehensive company profile to predict future trends.

Eliminating guesswork from the investment process is the goal of technical analysis. Using different data, fundamental analysis creates the same result with a different method. Technical analysis, however, gives a pure, quantitative gauge of future trends to help automate decision making.

Professional Technical Analysts will likely identify atypical patternsa such as the aHead and Shoulders Patterna. When looking at a graph, this pattern depicts three peaks with the center peak the highest, and the other two approximately the same. Patterns such as this, serve as graphic indicators by which an analyst will make trading decisions. Critics argue that these patterns are not mathematically valid, but rather are the result of humanas psychological predisposition to finding patterns in an otherwise random graphical environment.

Though technical analysts aim to objectively measure market trends, subjective bias may cause quantitative data to be overlooked. Attributing more or less weight to some statistical patterns or favoring certain charting methods are some factors that can limit quantitative prediction of the market.

Machine learning and artificial intelligence are the new frontier for both technical analysis and fundamental analysis. These computers can make the decision making process of investing automated, without consideration of how much data can be physically processed by an individual.

Unlike an analyst, a computer can pick up miniscule details that on the surface seem unrelated to the trend being evaluated. Additionally, is not predisposed to identify false patterns. Computers can identify trends of any size, though analysts tend to look for just the larger trends.

While it is plausible that many existing analytical paradigms will become obsolete as our tools improve, it is unknown whether machines will replace technical analysis or merely reveal the shortcomings of our prior techniques and help us to improve them.

Using a credit card can reap benefits such as cash back and bonus points. Ina addition to that, you can also earn airline miles to fund your next vacation travel and have a better credit score. Use it unwisely, however, and you will end up with a life of debt.

Paying the balance of your credit cards takes much discipline. As a general rule, you should always pay off your entire balance with your credit card every month and on time. If you are not paying the entire balance, you will pay interest on your purchases.

Make your payments when they are due. Late fees can accumulate a huge amount in the long run. What is worst is that a couple of late payments will trigger an increase in interest rates. Late payments lower your credit score. Simultaneously with a lower credit score, an increase with your interest rate is expected with your other credit cards and for possible future loans too.

As a solution, limit credit cards to a number you can handle. Just be content with two cards, with one as most ideal today. Financial experts recommend only up to six cards per individual but with today's meltdown and hyped marketing in various medium, just stick to a maximum of two credit cards.

What you might not know is that applying for many credit cards can actually hurt your credit score. On the contrary, closing several credit card accounts in very short intervals will prompt a huge plunge in your credit score.

Always read the fine print before signing that deal. Research or ask the interest rate you will be charged with a credit card. Find out what is the grace period for paying your debt before interest. Also, look for the universal default clause. This allows an increase in your interest rate with every late payment in any other bill.

Lastly, make each credit card purchase only within your budget for the month. If you can't, stop using it and leave it at home. Keep it just for emergency only. Protect your name and your credit score by using your credit card wisely all the time. It is far more important than your whims today; it is your financial future.

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The following are a few ideas on researching worthwhile bad credit refinance:

- Points And Fees. Points are the fees of the brokers, generally included in the interest rate. Research the current industry fees and points. Fees like loan origination or underwriting fees, settlement, and closing costs. Remember most of these are negotiable. There are also 'no-cost' deals, but they naturally charge a higher rate of interest.

- Avoid fee-based credit improvement services: they are disreputable. You will likely hear from them only once per month; when their service fee is due.

- Make sure that there is no prepayment penalty associated with the loan. If there is such a clause, contact your company to discuss your options. Your loan is a package composed of interest rates, fees, points, prepayment penalty clauses and balloon payment clauses. Be sure you grasp the language used. Know and understand your fees. Your refinance fees may include an application fee, points, appraisal fees, etc. If you are dealing with a reputable lender most of these fees will be minimal.

- To make refinancing more worthwhile, ensure that the interest rate is significantly lowered, say at least 2 or 3 per-cent lower than your original loan. Consider the points as well. Brokers usually charge more points with lower interest rates, so make sure you weigh appropriately. Compare the total costs you need to repay with your existent finance, with the total you will be required to pay back when you refinance. You can employ an online loan calculator to assist you.

- Be sure you consider fees and charges you incur when you take on a new finance. Shop for a good firm. Be leery of fraudulent lenders, as they have become numerous in recent years. Research the provider's services, ask for recommendations and talk to some of their old clients. Also, ask them for a list of charges that they will impose on you at closing.

- Refinancing may offer you the most effective chance you have to get your finances straight, but only if you do it right. Look for lenders who are willing to offer you a free 60-day lock-in; bureaucratic delays may make you glad of the extra time. Be cautious and ask all the right questions. You may be promised a no-cost lock-in, but your loan officer might charge you a fee or a very high fee for it.

- Get a transcript of your credit report. Mistakes on credit score reports are common. If there are any mistakes, they can be fixed. You'll need documentation. If it is clear and you make it easy for the credit referencing agency, they will remove mistakes. This will cause your score to go up.

- Is your goal to lower the periodical payment or to repay less interest? A lower interest rate can be translated into the same monthly payment, but with more of the payment being applied to the principal of the finance. This, of course, helps you pay the debt faster.

- Consider what type of interest rate is being offered, whether it is fixed or adjustable. Also consider the deal's annualised percentage rate (APR). The APR reflects all the expenses of the loan, including interest rate, points, lender fees, and additional credit charges.

I hope these few handy pointers will assist you in researching handy refinancing.

Payday loans in the UK are much easier to come by than people think. In fact, it is so simple, that if one has access to the internet, the loans can be applied for and approved all in the comfort of ones home.

There are already several companies offering payday loans in UK. Although it may seem like a non-traditional way of getting financial help, it is one that many people have found to be quite helpful.

The Need

It's a reality. There are sometime when you really need payday loans in the UK to pay off bills that came in too early, or utilities that you need to pay off because you forgot all about them. A payday loan is the solution for problems like these, and as long as you have a stable job with a steady income, chances are that you are eligible to get a payday loan.

What Is It?

What is a payday loan? It is basically a short-term loan that is given to you by a loaning institution such as the bank. You can then use this money to pay off whatever it is that you need to. But you have to pay back the loan in about two weeks and it's easy if you have a steady paycheck because that can automatically pay it off for you with the right arrangements.

Why Use One?

One advantage of payday loans in the UK is that you get the money as soon as possible. The transaction is quick and the processing can be confidential.

Another good thing about a payday loan is that the amount that you need can be deposited into your account the second that it is approved. The approval is actually instant once a lending institution sees just how qualified you are. Online, the process is even quicker and more convenient because you don't need to line up to apply and you can take your time filling out all the forms and fulfilling all the requirements.

Payday loans are fast becoming popular in an age where nothing seems free. Everything from products to services carries some kind of bill that you need to pay at regular intervals. This is where payday loans can become very useful especially when you are a little short on cash when you need it most. Try a payday loan in the UK today and see what all the fuss is about.

Whether we like it or not, everyone has a role to play in saving the environment. One of the best ways to do so as consumers is probably our switching to home solar energy. First and foremost, kudos to you! Solar energy for the home is one of the most practicable ways just about any regular person can do in the crusade to save the world's dwindling energy natural resources. Here are some basic tips you have to know in order to solar power your home:

Step 1: Research

When planning to buy anything, the most logical consumers would first do a bit of research regarding product. The same consumer attitude should apply when deciding to shop for a home solar energy system. Basic considerations include:

- How much money are you willing to spend in solar powering your home? - In what part of my home will I place my solar energy system? Do I need to renovate part of my house to make room for all the equipments of the solar system? Will there be any major aesthetic changes made to my home once the system is put into place? - What part of my home is the sun able to maximally reach? (Most preferred and logical location for panels is the roof although there are a few homeowners who choose to place their panels adjacent to their homes.) Step 2: Custom fit

Are you planning to have solar power for your entire home or only with certain rooms? If you plan to have enough solar energy for only a certain room (e.g. living room only) of your house just to offset your increasing electric bill, there are companies that sell equipments piece by piece.

Some companies also offer complete custom fit home solar energy systems that are suitable for homeowners who have decided to solar power their entire residence. Custom fitting your system is recommended in this case because the company has the necessary knowledge on how to maximize the use of your system.

Step 3: Solar Power Contractor

When selecting a solar contractor, longevity in the business is a key factor. The size of a solar power company is irrelevant; what is more important is their experience in installing and maintaining their systems.

Ask as many possible past and present consumers about their experience with companies. Take down notes and information to help you make a wiser decision regarding your solar dealer.

Step 4: Solar bidding evaluation

Most solar energy companies will provide biddings in their attempt to lure customers. It is your responsibility, as an astute consumer, to make sure that all the biddings follow the same criteria for fair evaluation.

Make sure you thoroughly read and understand installation process and cost, primary equipments and accessories used, and warranties offered by each home solar energy dealer. For water solar heating systems, information about estimations of yearly energy saved in kilowatts per hour should be stated. Electrical solar system bids should include information about system size and yearly energy produced. Make sure that all of the dealers have met all legal requirements in your locality and tax credit applications.

These are some basic yet very important facts about solar energy. May you be guided in your selection and thank you for supporting solar power!