Business and Finance

1. DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing a Loan, changing your name or address with the bureaus. The less activity on your reports during the loan process, the better.

2.DON’T APPLY FOR NEW CREDIT OF ANY KIND. Including those “You have been pre-approved” credit card invitations that you receive in the mail or online. Every time you have your credit pulled by a potential creditor or lender, you lose points from your credit score immediately. Depending on the elements in your credit report, you could lose anywhere from 1 – 20 points for one hard inquiry.

3. DON’T PAY OFF COLLECTIONS OR CHARGE OFFS during the loan process. Unless you can negotiate a delete letter, paying collections will decrease the score immediately due to the date of last activity becoming recent.

4. DON’T MAX OUT OR OVER CHARGE ON YOUR CREDIT CARD ACCOUNTS. This is the fastest way to bring your scores down 50 – 100 points. Try to keep your credit card balances below 30% of their available limit at ALL times during the loan process.

5. DON’T CONSOLIDATE YOUR DEBT ONTO 1 OR 2 CREDIT CARDS. It seems like it would be the smart thing to do. However, when you consolidate all of your debt onto one card, it appears that you are maxed out on that card, and the system will penalize you as mentioned above. If you want to save money on the credit card interest rates, wait until after closing.

6. DON’T CLOSE CREDIT CARD ACCOUNTS. If you close a credit card account, you will lose available credit and it will appear to the FICO system that your debt ratio has gone up. Also, closing a credit card will affect other factors in the score such as length history. If you HAVE to close a credit card account, do it after closing.

7. DON’T PAY LATE. Stay current on existing accounts. Under the new FICO scoring model, one 30-day late can cost you anywhere from 50 – 100 points, and points lost for late pays take several months if not years to recover.

8. DON’T ALLOW ANY ACCOUNTS TO RUN PAST DUE- EVEN 1 DAY! Most cards offer a grace period, what they don’t tell is the once the due date passes, that account will show a past due amount on your credit report. Past due balances can also drop scores by 50+ points.

9. DON’T DISPUTE ANYTHING ON YOUR CREDIT REPORT! When you send a letter of dispute to the credit reporting agencies, a note is added to your credit report. When the underwriter notices items in dispute, they will not process the loan until the note is removed and new credit scores are pulled. The word “dispute” CANNOT appear anywhere in the report. Credit scoring software will not consider items in dispute in the credit score- giving false data to the lender.

10. DON’T LOSE CONTACT WITH YOUR MORTGAGE & REAL ESTATE PROFESSIONALS. If you have a question about whether or not you should take a specific action that your believe may affect your credit report or scores during the loan process, your Mortgage or real estate professional may be able to supply you with the resources you need to avoid making mistakes that could drop your scores or possibly, cause you to lose the loan.

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NISCO Fan Co. offers various designs of industrial fans and blowers for Pulp and Paper Industry.

The paper manufacturing industry utilizes fans for power boilers, recovery boilers, lime kilns, dissolving tanks, and dryers. These applications, which are integral to the production process, are often very corrosive. Reliability and durability of fans and blowers for such applications are vital for continuous operation. NISCO fans for demanding and corrosive applications ofer real value – saving on future downtime and maintenance costs.

BOILERS

Boiler fans create efficient combustion by supplying a consistent and reliable ait flow. Induce Draft Fans (I.D. Fans) operate at elevated temperatures and draw the air stream through the combustion chamber, then push it through pollution control equipment. Forced Draft (F.D. Fans) or Combustion Air Fans push the air stream into the boiler combustion chamber. Multi-Fuel Burning Power Boilers are used to create steam for different power needs. Induced Draft Fans are typically AMCA arrangement 3, single or double inlet with inlet box(es). Wheels often require abrasion resistant construction with radial tip or backwardly curved blades. Combustion Air FD Fans are typicallyconstructed of carbon steel, and utilize airfoil or backward inlined blade design. Common AMCA arrangements for combustion air fans are arrangement 3 and 8, both with inlet vane or outlet damper control.

EXHAUST FANS

Exhaust Fans are typically used on the suction side of a scrubber or fabric filter, and pull the air / gas stream through the piping and cleaning device. Dissolving tanks are used in conjunction with Recovery Boilers to recapture process chemicals. Exhaust Fans draw hydrogen sulfide or sulfuric acid fumes through a wet scrubber. This corrosive atmosphere can require either FRP, stainless steel or alloy construction. Exhaust fans can be in either belt or direct drive arrangements. Lime Kilns may be used to recover lime used in paper manufacturing. The fans used in this process often require high pressure and handle corrosive gas streams. Straight radial or radial tipped blade designs, 304L or 316L stainless steel construction and special shaft seals are often employed.

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It is something that I spend a lot of time on; convincing the CEO to think from the customer standpoint, talking to the department head about what will deliver results at the frontlines.

It requires a lot of thinking to make something ‘dumb’ and it is never simple to make anything ‘simple’. Companies are often caught in a situation where they are terribly excited about a slew of product launches or service upgrades which they think is going to be terribly exciting to the customer. The customer may indeed be excited, only if somebody told him about it or better still answered all his queries.

Continue reading ‘Make it Dumb and Simple. or Forget About Scaling a Business Idea’ »

Throughout the chemical process industry, it’s difficult to think about plant monitoring without visualizing personnel on daily rounds laboriously filling out paper log sheets. Besides being a manual-intensive routine, this traditional monitoring approach primarily focuses only on documentation. Typically stored in filing cabinets, field data currently collected by most plants is lifeless, rarely reviewed for plant performance monitoring and trouble shooting. However, this outmoded approach is quickly giving way to an electronic monitoring system outside of the control room. Now plant operations data are wirelessly gathered on-site with handhelds, then fed into a hosted Web-based system. This system allows quick operational decisions based on the most accurate information, to save time and money. The current method’s only benefit is to ensure that operators actually make the rounds of equipment observation/inspection. Even then, operators tend to pencil-whip data without really observing the plant equipment. Since supervisors are busy with routine shift work, even experienced operators fail to recognize pit fall readings and prevent a plant shutdown or unsafe situation.

Continue reading ‘Automation Infatuation-mobile Work Place Automation Makes Chemical Plant Operations More Reliable and Efficient’ »

Oleg Systems Co. is a designer and manufacturer of industrial dust collection systems including dry type dust collectors. Dust collection equipment utilizing the principle of wet dust collecting is available in numerous designs utilizing a number of principles and featuring wide variation in effectiveness, initial cost, operating and maintenance expense, space, arrangements and material of construction.

The use of centrifugal force to throw a dust particle to the periphery of an air stream has been used in the cyclone collector for many years. Dry centrifugal dust collectors can be divided into two basic groups cataloged by their effectiveness in removal of smaller dust particles.

Cyclone Dust Collectors are frequently applied for the removal of coarse dusts from an air stream, as a pre-cleaner to more efficient dry or wet dust collectors and / or as a separator in product conveying systems using an air stream to transport material. Principle advantages are low cost, low maintenance and low pressure drop (in order 0.75″ to 1.5″ WG), but this type dust collector can not be used for collection of fine particles.

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Credit unions, banks, finance companies and other various companies in the market these days always boast about offering best mortgage rates to all their clients. But, one has to be careful while dealing with such companies. There are a lot of hidden things that one needs to take care while looking for best mortgage rates for their next purchase. Basically, in a simple language best mortgage rates can be described as the minimum possible amount that suits your pockets when you have to pay back your loan with interest amount. Your mortgage rates can go up and down due to various influential factors that depend on the market and economy of a country. There is no control over these things so it is always advised to go for such things which can suit your income and in bad times you must not lose anything. There are so many people around the state who are clueless about mortgaging and how does the things work in this particular domain.

Mortgaging science is a bit tricky but easy to understand if you know common mathematics along with profit and loss thing. You are the sole judge of deciding the Best Mortgage Rate as per your convenience. Always remember a fact that a slight change in the interest rate can affect you both in a good sense or a bad sense. If interest rate gets low, then it is good for you and vice versa. Almost all the most experienced financial experts advise to go through all the terms and conditions of the deal that you are signing with a company while looking for best mortgage rates. There are so many examples where people have not read all the papers properly and things have backfired for them badly. You would surely not like to be another such case. Whenever you look for a loan, banks and companies look for your capability of paying it back. There would be a certain criteria for passing a loan on your name which is based on the income of an individual. No company, no matter it is offering the best mortgage rates in your state would offer you a loan if you do not match their basic criteria.

The amount that a company or bank borrows you has to be paid back in a certain period of time. A certain calculated amount is told to a client who has applied for the loan. For people looking for best mortgage rates, it is advised to go for a strong market research before indulging them with some company. Internet is your best friend and you can surf it for finding the best options for you. Never ever hesitate about clearing your doubts with the officials of the company if you think they are offering you the best mortgage rates. One has to be attentive and extra careful while applying for a loan. A small mistake can cost you your entire life paying the debts. You must carefully understand the schema of payment and should follow it religiously in order to avoid any unwanted situations.

Very often, when someone contacts a loan modification attorney they really do not understand how the foreclosure process works or how to stop it. People who do not understand foreclosure proceedings are often scared, timid and unwilling to do what it takes to stay in their homes. Many think that if they just ignore their lenders, they will go away. However, inaction is not any way to respond to a potential foreclosure. The only way to mount a successful defense to foreclosure proceedings is to know how the process works, and talk to the loan modification attorneys who know how to stop it.

Foreclosure Process

The first step in the foreclosure process begins when a lender files a “Notice of Default” with the county recorder. This often proceeds a period of non-payment by the borrower, meaning the homeowner is defaulting on the loan by not making payments. This notice is mailed to the borrower and any other affected parties. This is in no way the end of the process; in fact, up to five business days before the trustee’s sale, the borrower can pay off the default amount plus any addition fees and/or fines and stop the foreclosure process. Obviously, very few people can simply cough up the thousands or tens of thousands of dollars it would take to pay this amount.

The second step comes ninety days after the Notice of Default is recorded. A “Notice of Sale” must be posted on the property and in one local public location, such as a library or town hall. The Notice of Sale is also published once a week for three weeks in a newspaper of some sort in the area. The Notice of Sale must clearly state the date, time and location of the sale, as well as the property address, the trustee’s contact information and any other pertinent information.

Step three usually occurs about four months after the foreclosure process began. The Trustee Sale Auction is held as a public auction at the time and place designated by the Notice of Sale. It is conducted by the lender’s representative, almost always an attorney, and the successful bidder must pay immediately with cash or a cashier’s check. The lender often bids in the amount of the balance due plus costs. If no one else bids (which is usually the case these days), the property reverts to the lender.

Contrary to popular belief, the lender or bank you got your mortgage from does not want your house back. The entire foreclosure process costs the lender far more than it is worth. The lender is not only losing money on the four months you aren’t paying your mortgage, but will most likely lose money paid to the attorney who runs the auction. A loan modification attorney can help you avoid foreclosure and stay in your home. Both you and your lender are interested in you keeping your home, and a loan modification attorney can help you avoid the headache, heartache and embarrassment of a foreclosure.

Visit us at http://www.loanmodificationhelpcenter.org/ or call 800-359-6941.

Legal Disclaimer

The information contained herein is provided for general information and advertising purposes only and is not intended to convey a legal option nor legal advice for any particular case or situation. Nothing in this article shall create an attorney-client relationship. Nothing sent to this law office via e-mail shall constitute an attorney-client relationship. Nothing contained in this article shall be construed to be a guarantee or prediction of result. Prior results are provided for general information purposes only and do not guaranty, warranty or predict a similar outcome with respect to any future matter. Results achieved depend on individual circumstances and not everyone will qualify or be successful in restructuring their mortgage loan.