A Guide to Business

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Not Doing Your Homework

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Several online sites focus specifically on offering tips and job ads to those who are or wish to be work at home moms. There are many legitimate work at home jobs for moms - but there are many that aren't legitimate as well. Moms who want to work at home must be aware of what can happen and take caution when researching these job or business opportunities. Here's one horror story.



One stay at home mom thought she had finally found work she could do at home when she answered a classified ad posted on the Web by an overseas firm. She instead was arrested publicly weeks later and charged with a felony. She now faces possible jail time.

When she was hired to work at home, this mom was told she would collect U.S. client payments and wire the money to London. The job ad was a con - as was the firm.

Another part of the scam involved an internationally-known auction site, where her con artists employers placed a motorcycle for sale. A Florida resident bought the bike for $900 and sent the money to the work at home mom in Texas. There had never been a motorcycle, however, and when the new employee went to her local bank to wire the sale money to London she was arrested.

Major job boards such as Monster, Careerbuilder and Hot Jobs, among others, spent a ton of time and energy looking for and eliminating fraudulent ads. Careerbuilder has a team that does nothing but that. They also post warnings on every site page and in every job-related email they send out. But con artists still get past them. Postal inspectors advise that these fake job for forwarding merchandise and money overseas have existed for many years.

In fact, the ad that the arrested work at home mom answered is still on the Web.

Another Texan lost his bank job after he responded to the same ad. Four other victims, hoping to be work at home moms, instead ended up with money being stolen from their bank accounts after these con artist "employers" got them to give up their account numbers as part of the job.

Dixon says a man in Dallas, Texas, lost his job at a bank after responding to the same job posting. Four other victims had money stolen out of their personal bank accounts when the con artists simply stole their identities after convincing them to divulge their account numbers.?

The ad is appearing under three different business names at least, in more than 100 publications and sites.

To their credit, the job site through which the arrested work at home mom responded is doing everything it can to help the woman clear her name but it's an uphill battle - and she's still unemployed.

No, those who wish to be work at home moms shouldn't give up - there are plenty of legitimate and fruitful jobs out there working from home. They should exercise great caution, however, and never divulge personal information such as social security number and bank accounts until hired. Even then, it would be wise to set up a separate bank account to handle only the transactions for the hiring firm, leaving personal accounting and money unreachable. The safest course is to simply not accept a job that requires transmitting funds or anything else outside the United States.
Not Doing Your Homework
Know your FICO score and other items on your credit report. The FICO score is calculated using various ratings, such as how much debt you currently hold, whether you pay your bills on time, etc. This number is used by every lender as part of their approval procedure, and will have a great deal of impact on whether you qualify for a loan and if so, what kind of deal you will qualify for.

You can get current copies of your credit report from the 3 major reporting services:

Equifax: PO Box 740241, Atlanta, GA 30374 http://www.equifax.com

Experian: PO Box 2002, Allen, TX 75013 http://www.experian.com

Transunion: PO Box 2000, Chester, PA 19022 http://www.transunion.com

Next, don't assume the lowest interest rate is always the best deal. Many dealers offer 0% interest, especially right before the new model are due to be released. In some cases it may be better to opt for a cash rebate rather than a 0% loan.

For example, if you opt for a 4% loan (36 months) with a $2000 cash rebate your payment can be lower in some cases than they would with a 0% loan but no rebate.

It's a good idea to get pre-qualified for financing, before going shopping for a new vehicle. You'll know ahead of time how much you can afford and you'll have a better idea of a budget for your new vehicle.

This also puts you in a better negotiating position with the dealer. Their deals are partly based on whether you use their financing or not. If you have alternate financing available, you may be able to negotiate a better deal if you use their financing.

Make sure you run the numbers both ways to see which is the best offer before you agree to dealer financing. In some cases, it can even be worthwhile to finance through the dealer and then refinance shortly after purchasing with your own lender. There are normally feeds involved for doing this, and some agreements may not allow refinancing so be sure to read the offer thoroughly if you are considering this.

Finally, be sure you weigh the advantages and disadvantages of leasing versus purchasing. There are some cases where the tax advantages of leasing can wind up being a better deal than purchasing.

Do your homework before rushing into a purchase and you'll be able to save time and money, as well as having the satisfaction of knowing you got the best deal possible.
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Dustin Cannon has sinced written about articles on various topics from Work From Home, Marketing and Baby Shower. Dustin Cannon is owner of JustArticlesVIP.com and writes on a variety of subjects. To learn more about this topic Dustin recommends you visit: Team Builders. Dustin Cannon's top article generates over 110000 views. Bookmark Dustin Cannon to your Favourites.

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