Oct
14
How to get a receipt from a contractor when you pay in cash?
Filed Under Credit | Comments Off
HSR asked:
We’re getting some work done on the house and the contractor said that they prefer cash installments (a total of three) as the method of payment and will bump down the price five percent if we pay in cash. If we do decide to take this route, how can we get a receipt to prove that we’ve paid (one receipt for each installment)? Is there any sort of legal stuff that we would need to do, or is a piece of paper with the amount paid and the contractor’s signature suffice?
SHELDON
________________________________________________________________________
We’re getting some work done on the house and the contractor said that they prefer cash installments (a total of three) as the method of payment and will bump down the price five percent if we pay in cash. If we do decide to take this route, how can we get a receipt to prove that we’ve paid (one receipt for each installment)? Is there any sort of legal stuff that we would need to do, or is a piece of paper with the amount paid and the contractor’s signature suffice?
SHELDON
Jun
5
Arnold R. McIntosh asked:
New rules for the credit card industry were adopted by Federal regulators recently, and it includes wording that would protect consumers from increased interest rates on existing account balances. These rules, which would take effect 2010, would allow credit card companies to raise interest rates only on new credit cards and future purchases or advances, rather than on current balances and would prohibit companies placing unfair time constraints on payments. However, that does not help Main Street America, who has taken the biggest blow from the economy this year.
Most businesses look to loans for cash, but having an unsecured line of credit means no requirement for collateral from you—a big plus when you need funds and want to maintain total control of what you’ve earned.
The e-report entitled, “Unsecured Business Lines of Credit” is a special report written by McIntosh, a licensed general building contractor who has seen the principles work for him. Coming as an electronic file via email, the report promises to help an entrepreneur secure up to as much as $1 million in credit for his business. And the program works no matter what size the business is or how much experience the business proprietor has.
“My whole reason for creating the ‘Unsecured Business Lines of Credit’ program is to encourage small businesses to grow” says McIntosh, “and to show them that there is a way to get the financing. I’m an entrepreneur at heart, and I love helping other entrepreneurs.”
More information can be found at http://www.unsecuredcreditforbiz.com/. At the site, McIntosh states there are numerous applications for the use of this unique program which has the following features:
Application Only
Stated Income
Stated Asset
1 NO Business Financials
2 NO Tax Returns
3 NO Credit Score
4 NO Personal Guarantee
5 NO Reporting to your Personal Credit
6 30 to 45 days to obtain Funding
7 Revolving Line
8 Perpetual Line
9 Interest Only Payments
10 Prime to Prime +4
11 Lines do not convert to term loans
12 Unsecured Business Credit
McIntosh added, “We’re talking revolving lines of credit and perpetual lines, with interest-only payments. This is absolutely unsecured business credit. And the lines never convert to term loans…Today, most people go to the bank or lender to apply for a loan, and they end up with their feelings hurt. With us, as long as you meet the requirements, you will get funded.”
And according to him the process is not long. McIntosh said the whole process should take only 30 to 45 days, from start to finish.
EARL
New rules for the credit card industry were adopted by Federal regulators recently, and it includes wording that would protect consumers from increased interest rates on existing account balances. These rules, which would take effect 2010, would allow credit card companies to raise interest rates only on new credit cards and future purchases or advances, rather than on current balances and would prohibit companies placing unfair time constraints on payments. However, that does not help Main Street America, who has taken the biggest blow from the economy this year.
________________________________________________________________________
Most businesses look to loans for cash, but having an unsecured line of credit means no requirement for collateral from you—a big plus when you need funds and want to maintain total control of what you’ve earned.
The e-report entitled, “Unsecured Business Lines of Credit” is a special report written by McIntosh, a licensed general building contractor who has seen the principles work for him. Coming as an electronic file via email, the report promises to help an entrepreneur secure up to as much as $1 million in credit for his business. And the program works no matter what size the business is or how much experience the business proprietor has.
“My whole reason for creating the ‘Unsecured Business Lines of Credit’ program is to encourage small businesses to grow” says McIntosh, “and to show them that there is a way to get the financing. I’m an entrepreneur at heart, and I love helping other entrepreneurs.”
More information can be found at http://www.unsecuredcreditforbiz.com/. At the site, McIntosh states there are numerous applications for the use of this unique program which has the following features:
Application Only
Stated Income
Stated Asset
1 NO Business Financials
2 NO Tax Returns
3 NO Credit Score
4 NO Personal Guarantee
5 NO Reporting to your Personal Credit
6 30 to 45 days to obtain Funding
7 Revolving Line
8 Perpetual Line
9 Interest Only Payments
10 Prime to Prime +4
11 Lines do not convert to term loans
12 Unsecured Business Credit
McIntosh added, “We’re talking revolving lines of credit and perpetual lines, with interest-only payments. This is absolutely unsecured business credit. And the lines never convert to term loans…Today, most people go to the bank or lender to apply for a loan, and they end up with their feelings hurt. With us, as long as you meet the requirements, you will get funded.”
And according to him the process is not long. McIntosh said the whole process should take only 30 to 45 days, from start to finish.
EARL