Ionic Burritos Business

Archive for September, 2009

If you know your credit score, it not only avoids any discomfort if your request has not been accepted for a loan, car lease or mortgage, but it also saves you a lot of money. So how can you check your score free of cost? Here’s a solution!

What is a Credit Report?

This report has the details of your credit history. It is monitored by any of the three US credit reporting agencies namely Equifax, Experian, and TransUnion. It can be thought of as a report card that has all the information regarding your financial activities. Your application for loan is accepted after your lender has seen and approved your reports from one or more of these three companies. From the report, your ‘credit score’ is calculated which ranges from 300 and 850, the higher the better.

Why is it necessary to check my Credit Score?

In early days, it took time and money to check your credit report but due to the advent of the internet, checking your credit score has become easier and free of cost. The Federal Trade Commission has instructed all credit reporting companies to give a free credit report once every year, if asked for.

Now that you are aware of the facts about getting your free online report, have a look at these reasons why you should go for it.

1. Check for frauds.

Identity theft is the crime when a person illegally uses your information e.g. credit card number, Social Security number to commit frauds. Once you get your credit report, check if there has been any wrong activity such as identity theft. If there is any anomaly, inform your report agency to amend this information.

2. Be informed about your score.

How would you like to find out about a low credit score? Through a bank when the dealer tells you that you’re not eligible for the loan or by reading your online credit report in your home? If you know your credit beforehand, you can avoid any such embarrassment. It also saves your valuable time. When you know your credit score, you will be able to make better decisions concerning your finances.

3. Updating Information.

Reports show that almost one report out of four has been wrongly written. Some of them even become ineligible to apply for loans because of this. Although credit reporting agencies take great care in maintaining your reports but error can occur at any time. If the error in your report stays for long, your credit score will be affected badly. Before submitting an application for a loan or a credit card, get a free online credit report to ensure that your information is current.

Philadelphia Phillies fans are cheering over the new  Major League Baseball™ Extra Bases™ Credit Card from Bank of America. (www.philliescreditcard.com).  The official Phillies team logo (or the MLB baseball team of your choice) can be featured on the face of the card.   This rewards credit card has proven to be a great hit with both avid  Phillies fans and consumers alike in the rewards credit card industry.  Like many airlines, retailers and universities have done for decades, rewards credit cards featuring baseball teams like the Philadelphia Phillies are rapidly growing in popularity and proving to be a real hit with baseball fans throughout the country.

 

The Major League Baseball® Extra Bases™ Credit Card from Bank of America offers no annual fee and a 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks during the first 12 months.  Other incentives include exciting offers like an official MLB™ licensed jersey for the team of your choice after the first qualifying transaction using the card.  In addition to the no annual fee and 0% introductory APR, card holders can quickly earns points (at a rate of 1 point for every net retail dollar spent) that can be redeemed for MLB™ autographed memorabilia, exclusive experiences with the Philadelphia Phillies, travel rewards and cash bonuses.

 

Historically, baseball has given the public something to believe in and something to hope for, particularly in tough economic times.  With this sports rewards credit card, consumers can be reminded of their favorite team every time they open their wallets.  The Major League Baseball™ Extra Bases™ Credit Card from Bank of America is cornering the market.  Websites offering the card include www.majorleaguecreditcard.com and http://www.collegecreditbuilder.com/mlbcards.htm .  Bank of America has hit a home run with this offering.  True blue fans carry the card.

One of the main points while developing your offshore outsourcing strategy is choosing the right delivery model for your type of business. In this article we will talk about outsourcing business models, their types and advantages.

Dear Readers,

We continue our series of articles about offshore outsourcing business models. This article is devoted to the second generation of offshore business models. For more information, please, read Offshore Outsourcing Business Models. Part I

The Second Generation of Offshore Business Models

Models of this generation tend to be more sophisticated and to span multiple models of the first generation.

1. Global Delivery or Blended Outsourcing Model

In this model a company outsources to a multinational service provider that offers a mix of onsite, offsite onshore and offshore resources. The global delivery model allows vendors to innovatively distribute and manage engagements across multiple global locations.

Advantages: Lower rate without risk, faster time to market, saves a client from investing in a huge team of employees for multilocation projects. It is a preferred choice for large consulting companies.

2. Hybrid Delivery Model

The hybrid outsourcing model, also known as the dual-shore model, combines onsite and offshore services and becomes the business model for midsized service providers headquartered offshore. The onsite team of the provider does all the requirements gathering and development of detailed specifications, handles client-facing components of the project. The offshore office takes care of the coding, testing, and bug fixing.

Advantages: near 24-hour work cycle; lower-cost resources; this model enables the client to directly interact with the service provider through the onsite team and simultaneously enjoy the benefits of offshore outsourcing.

3. Global Shared Services Centres

Global shared services centres (captive centres, offshore insourcing) are a combination of onshore shared services and offshore captive centres. The global centre is run as an independent business, with its own budget and bottom-line accountability.

Advantages: Global centres have guaranteed markets for their services, alleviate some of the organizational issues such as control and politics that crop up when firms relocate back-office activities offshore to external providers.

4. Build-Operate-Transfer (BOT) Model

BOT tend to build on first-generation ODC models. IT replicates “build” and “operate” parts from the ODC model and adds its own “transfer” part. This is how it works. It is typically built and managed in three phases.

1) Build. The offshore partner provides a complete solution for building a dedicated centre for a company in a particular country.

2) Operate. The offshore partner provides a comprehensive set of operational management services.

3) Option to Transfer. The client has the option to buy the entire operation after a fixed period.

Advantages: The clients are able to focus their management time on their core business rather than operational issues. The risk of execution is minimized, money can be spent on core functions.

5. Offshore Multisourcing Model

Multisourcing is the practice of using multiple offshore business models and suppliers.

Advantages: This model allows more flexibility, ideal for companies that take risk-averse approach to outsourcing. Companies that are new to outsourcing tend to multi source until they are comfortable with the whole process.

The source for the article: Offshore Outsourcing. Business Models, ROI and Best Practices by Marcia Robinson, Ravi Kalakota.

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