Why is it the people who collect you money are called brokers?
Answers: Because when you pay them, you are a little bit broker.
Because you when they collect your money YOU are broker..
I don't know a real answer... good question.
the answers given before, though "tongue in cheek" offer a bit of anecdotal wisdom to you...they will make you "broker" ha ha. However, in the event taht your question is for serious answer, the fact is that, in business, sometimes the gap between the supplier of a product or service and the consumer of that product or service exists such that there is no conceivable way to bring the two ends together. Enter the "broker", a word derived from Anglo-Norman and other languages which show the bringing together of two separate entities for the mutual benefits of both, for payment or consideration thereof.
What that means, in our language, is that this person, this "middle man" steps in, gets your needs, finds the person meeting those needs, and, for a finders' fee, so to speak, makes that transaction happen. Understand, even your local Wal-Mart is a products broker. They buy from a supplier, places a "mark up" on that product which they purchased at wholesale, and passes on to you, the consumer of the product, their cost plus the mark up. The mark up is their "brokers fee".
If you knew someone on your block who was looking for a cord of wood, and you knew of someone selling a cord of wood for $110, and assuming you had a way of picking up that cord and transporting that cord to that someone on the block, then, for a modest fee, say $50, you would get the cord of wood, pay the supplier their $110, add on your $50 to that price, and deliver the wood for $160. You have just brokered a transaction for raw wood.
There you go.
Best of success.
How can I find out what my balance is on my ipower visa card?
Answers: On the back of the card it should have a number you can call or a website you can go to. Either way it will ask you to verify your account number and usually have you enter your pin number that you either picked for the card or that they assigned you.
My credit score is 667. Is that good or bad? If bad, what can i do to fix it?
Answers: 667 is ok at best. You really want 700+
It doesn't take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks.
When you're trying to build a solid credit score it's important to get a comprehensive view of what is actually effecting it...
Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:
* 35% -> History of Payments
* 30% -> Debt to Credit Ratio (available credit)
* 15% -> Credit History (length of open accounts)
* 10% -> New Credit (are you expanding your credit)
* 10% -> Credit Types in Use (varied credit types from loans to credit cards)
If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.
Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year:
1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed below. It really helped my get my score up.)
2. Never Miss a Payment, Starting Today
3. Never use more than 20% of your Available Credit
4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible
5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones
6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance
7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-
8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan
9. Take out a Small Personal Loan and Repay it Over a Year
10. Ask Someone With Good Credit if They will Account Shadow you
You can read more about these tips on my blog: How Can I Increase My Credit Score
* http://millionster.com/articles/debt/inc...
Best of luck to you!
It's not too bad actually. Do you know what is on your credit report? That would be a start on what to fix. Anything that says over 30 days, collections, etc is what you need to fix. Good luck!!