Posts tagged with "debt"

Issy Wood If It's Any Constellation artwork via Maggie Faircloth | Sunshine Sachs for use by 360 Magazine

ISSY WOOD – IF IT’S ANY CONSTELLATION

ISSY WOOD RELEASES NEW EP, IF IT’S ANY CONSTELLATION, VIA MARK RONSON’S ZELIG RECORDS

RELEASES NEW MV FOR TRACK “FUSS”

STREAM IF IT’S ANY CONSTELLATION NOW, VIEW “FUSS” MUSIC VIDEO

Today, U.K. painter and 2021 Artist to Watch Issy Wood releases her self-written/produced EP, If It’s Any Constellation via Mark Ronson’s Zelig Records. This latest release by the artist crowned ascendant popstar by ArtNet is now available on all streaming platforms. She also released the music video for her song “Fuss” which is featured on the EP. Listen to If It’s Any Constellation here and check out the new music video here.

The music video for “Fuss” features sculptures by balloon artist David Crofts. The full video was shot at Issy’s art gallery in London in a single morning.

“Fuss’s video, despite its childlike medium, depicts a very sad dinner date. It fits perfectly on an EP that is equally playful in form and morose in lyrics,” said Issy.

If It’s Any Constellation was written and recorded in the artist’s kitchen using a Juno-106 synth given to her by Ronson last summer. This project explores Issy’s reality during an isolated 2020 in which inner demons were impossible to ignore. While the EP’s first single “Muscle” (released in April and co-produced by Mark Rosnon) both longs for and mocks ideas of toughness through the lyrics and anthemic classic rock feeling production, the second single, “Fuss” (released in May) leans towards the ballad format.

“Fuss is a passive-aggressive song. Its relative simplicity is a sign of its confidence, as are the lyrics, which are given permission to hold the whole track in place. This is about somebody looking to destroy a person in the most British way possible: politely,” shared Issy.

The other tracks on the EP include:

  • “Tough luv” admits to enjoying being deterred by another person
  • “I’ll hold” looks at self-betterment in a traumatic moment, trying to differentiate being abandoned from being placed on hold.
  • “Child’s pose” juxtaposes calmness with the question of maturity using yoga as a stand-in. Unearthing this dilemma, the track starts: oh once the trauma’s baked in / You’ll never sweat it out / It’s set up shop in your bones. 

If It’s Any Constellation is Issy’s newest project since her debut EP, Cries Real Tears!which came out in December of last year. That EP, which featured her two singles, “Debt” and “Cry / Fun,” was crafted over the course of several months during the pandemic. During that time Issy focused on teaching herself to create new worlds through sound while writing most of her haunting lyrics in between painting projects. The result was a unique body of work that deals in both sweetness and cruelty. If It’s Any Constellation, is the next chapter of her introspective journey.

Issy comes from a fine artist background and gained initial recognition for her paintings. Her pieces have been featured in art galleries across the world. Her recent EPs are the result of Issy’s continued exploration of artistry by using music and multimedia as an extension of her work.

Money & Relationship illustration by Heather Skovlund for 360 Magazine

Money Issues × Relationships

Are Money Issues Ruining Your Relationship?

Read on for 5 tips to resolve them.

The COVID-19 pandemic has played havoc with families’ finances through lost jobs, squeezed budgets, increased debt, and missed payments.

Money and the decisions spouses make with it are one of the main sources of stress among couples, and sometimes money issues end relationships or cause divorce. But differences can be solved or managed if couples learn to listen to each other and work as a team to formulate a sensible plan, says financial planner Aaron Leak, the founder of ECL Private Wealth Management. 

“No matter how long you have been together, financial issues can wreak havoc on a committed relationship,” Leak says. “When couples don’t agree about spending and saving habits, it causes arguments and resentment.

“But understanding what you’re fighting about and why helps you and your partner come up with solutions. By being transparent and honest with each other about your finances, you can not only prevent arguments that strain your relationship, but you will strengthen it.”

Leak offers these tips for couples to address and resolve financial issues:

  • Understand your money styles. Think of some extreme examples of money styles in your circle. Like your friend, the foodie, who won’t touch a bottle of wine that costs less than $75. Or your sister who constantly surfs Amazon. Or your mom who washes aluminum foil, then folds and reuses it. Everyone has a money style, and it’s helpful to talk about it without any name-calling or labeling involved. Understanding your partner’s spending habits often involves a deep dive into money fears, scarcity memories and childhood traumas. Come up with a spending plan that works for both of you.
  • Decide how to divvy up the bills and save for future goals. You can both put all your earnings in a joint account and pay everything out of that. Or you can split bills down the middle and keep the rest of your own earnings for yourselves. Once you have decided how the bills get paid, you need to devise a plan for saving for your long-term goals. Remember that you need to work closely together as life changes arise – such as one of you losing a job or cutting back on hours to care for a parent. If 2020 has taught us anything, it’s that contingency plans are always advisable.
  • Create personal spending allowances that stay personal. Having some personal money that’s designated just for you each month can really help how you feel about your relationship. It can also help avoid relationship-ruining behavior like “financial infidelity,” when one spouse hides money or purchases from the other. The personal spending allowance gives each partner the chance to spend their money however they wish, no questions asked.
  • Face and eliminate undesirable debt. Couples should employ a strategy to pay off debt, such as paying off the higher-interest debt first or paying off the smallest loans first (the snowball method). Payments on credit cards, car loans, and student loans can devour monthly budgets, so the sooner they are paid off, the better.
  • Set a budget you can live with. One of the best ways to keep in sync with your partner financially is to have a budget as part of your overall plan. The budget includes your household bills, your personal spending allowance, your debt-paying strategy, and your monthly budget for long-term goals like retirement.

“Relationships take consistent work in order to be happy and successful, and money management is a big part of it,” Leak says. “The best way to be sure you and your spouse are staying on the same page financially is to talk honestly and without judgment.”

About Aaron Leak

Aaron Leak has 16 years of experience in the financial industry and is the founder of ECL Private Wealth Management. He holds Series 7, 6, 63 and 66 licenses as well as life, health, and property and casualty insurance licenses.

Realestate image by Rita Azar for 360 magazine

Property Liens 101: What Are Your Options When Selling a Home?

Sometimes, getting from under debt can mean selling your home. However, how can you relieve yourself of mortgage debt if your property has a lien attached?

More than likely, a property sale will bring any related legal problems to light. A property lien is a serious issue that you must deal with before you can close the sale. Property liens give a creditor the right to possession of your property until you pay any debts.

To learn more about your options when selling a home with a lien, continue reading.

What Are Liens?

A credit error can prove problematic if you’re trying to buy a home. Likewise, a property lien will cause similar grief if you want to sell your property.

A property lien will most often show up when a bank or potential buyer does a title search. A title search is a legal check on the ownership of your property.

If there’s a problem with your title search, it will more often than not delay the closing. For this reason, you need to deal with the lien before you can sell your property.

A lien on a house is a legally binding claim that another party has on your property. It allows them to access your property if you do not pay your debts.

A creditor must file a property lien with the county clerk’s office or a state agency. Next, the appropriate office will approve or deny the claim.

The office that records the claim will then deliver notice to you with the terms of the lien. In short, the notice will explain that a creditor has taken action against your property.

A creditor can place liens against property for tangible items such as your car or boat. However, they can also file for a property lien against your home.

For instance, a bank would file for a property lien if you fall behind on your mortgage payments. Usually, a property lien is a last resort action to recover a debt.

Who Can File a Lien Claim?

The courts will award a property lien after a creditor has made numerous attempts to collect payment. For example, the creditor may have hired a collection agency to recover the debt.

A property lien is a very effective way for a creditor to recover a debt. However, it’s also particularly stressful for debtors.

With a bank loan, for instance, a lender can file for a first-order property lien. A bank may apply for this kind of lien after you’ve missed several mortgage payments.

A lender has specific rights regarding how they can use a property as collateral against a mortgage. For this reason, it’s quite easy for a bank to obtain a property lien for delinquent mortgage payments.

Can You Sell a House With a Lien?

In short, yes. You can sell your home if a creditor has placed a lien on it.

You could try to close a sale without help. However, the process is long and complex. It’s also stressful and financially draining.

Various types of creditors may place a lien on a house. For instance, you may have an outstanding debt with a bank, homeowner’s association, or the state or federal government. These parties all have the power to prevent you from selling your home if the courts have awarded a lien.

However, creditors don’t want your home. They want their agreed-on payment. To that end, a property lien gives them the right to sell your home to recover the delinquent debt.

Once you pay the debt, the creditor will issue a Letter of Satisfaction. However, creditors take advantage of the fact that most homeowners don’t know their rights when it comes to property liens. The typical homeowner doesn’t understand the options that they can use to resolve a lien.

If you’re trying to sell your home, this fact adds to the problem. If a creditor knows that you want to sell your home, they’ll use that fact as leverage to collect the debt. Often, a homeowner will end up with more problems from debtors that use circumstances to their advantage.

For these reasons, it’s beneficial to seek financial help when you’re trying to sell a property that’s under a lien. An experienced lawyer, for example, can help you to navigate the process. For more information regarding rental property management, visit Mynd Management’s website.

What Are My Options Regarding Property Liens?

If you decide to resolve the issue independently, you’ll need to start by evaluating the lien. In other words, you’ll need to figure out what kind of liens and judgments creditors have against your property.

The procedure for different liens varies. Some liens on a property are nonnegotiable. However, you can settle other kinds of liens with little or no money.

Next, you’ll need to find someone willing to purchase a house with a lien. Most often, buyers and realtors view a lien is a major problem.

No buyer or agent wants to deal with a stubborn creditor. For this reason, they won’t pursue a property purchase until you’ve paid all debts in full.

Instead of going it on your own, it makes sense to hire an experienced real estate attorney. An expert attorney can make a big difference in your ability to sell your home that’s under a lien.

A knowledgeable real estate attorney can make sure that you say the right things to creditors. For instance, it’s a good idea not to tell a creditor you’re trying to sell your home. As soon as you give them this information, they’ll use it to pressure you.

In other cases, the creditor will lie in wait for your settlement payment. Once you receive it, they’ll claim the funds. If they win, a judge might award them compensation directly out of the closing proceeds.

It can prove difficult knowing what to say when talking to creditors. An experienced attorney can help you navigate this kind of minefield. To learn more about working with a professional real estate attorney, take a look at this article by Fernald Law Group.

Mulling Over a Lien Sale

If you need to sell your home and there’s a lien on it, it’s in your best interest to work with a professional real estate lawyer. There are a lot of nuances when it comes to liens on property.

For example, each state has different rules about the statute of limitations for liens. Even if a lien expires, however, a creditor can refile a lien and extend it in most states.

For this reason, it’s important to have an experienced professional on your side. A professional understands how to overcome the challenges of selling a house with a lien. More importantly, a creditor is more likely to negotiate with an expert who understands lien laws.

Learn More, Know More, Do More

Now that you know more about property liens, you can hopefully make a more informed decision about what you’ll do next.

Life has its challenges. Navigating some of life’s challenges, such as liens against property, can prove downright perplexing. Fortunately, there’s help.

With the right information, you can make it through the toughest obstacles that come your way. Check out our blog for more insightful news and tips for help navigating business, pleasure, and life.

Kaelen Felix illustrates Japanese flag for 360 Magazine

Japan’s Political Future Increasingly Murky

By Elle Grant

In a surprising turn of events, Japan’s current era of politics has come to an end following the sudden resignation of Shinzo Abe, the country’s longest serving prime minister. Abe attributes his step-down due to serious health issues related to colitis, a chronic intestinal disease

His departure leaves the highest-ranking political position in the third-largest economy in the world with an open seat. The scramble for who will replace Shinzo Abe has begun, and its importance cannot be understated.

The next prime minister of Japan inherits a host of serious issues including coronavirus relief response, a decreasing economy, an aging population, an increasingly aggressive China, the confusion of the Olympics, female rights, the complexities of potentially reintroducing militarization, a changing United States dynamic, and more. “It makes me wonder why anybody would want to be prime minister,” said Jeffrey Hornung, an analyst at the RAND Corporation.

In considering relations with the United States, Mr. Abe aspired towards a more independent Japan. His term can be considered a success in some regards, but whether that is attributed to Mr. Abe or to a United States shrinking from international engagement under President Trump is up for debate. Either way, Japan in recent years has worked to assert itself in Eastern politics, especially in comparison to potential rivals in South Kora and especially China. These efforts will become increasingly important as Japan navigates the highest public debt amongst advanced industrial economies at a staggering 251.91%

Despite all these issues, there is a host of men clamoring for the job. They include Fumio Kishida, a former foreign minister; Toshimitsu Motegi, the current foreign minister; Taro Kono, the current defense minister; Shigeru Ishiba and Tomomi Inada, both former defense ministers; and Seiko Noda, a member of the lower house of Parliament. Ms. Inada and Ms. Noda, both women, are the only female candidates attempting to throw their hat into the ring. However, Japanese politics remains male dominated and the likelihood of a female prime minister remains slim. Odds are in favor of Abe’s top aide, Yoshihide Suga replacing him.

Shinzo Abe’s successor will be voted on September 14th with a Liberal Democratic Party election, with the Diet (Japan’s national parliament) formally electing the winner two days later. The winner will the serve the rest of Abe’s term until September 2021 and after may choose to run for prime minister for their own term.

Vaughn Lowery, Alejandra Villagra, illustration, 360 MAGAZINE

10 of our Favorite Business Credit Card Options in 2020

A good business credit card is an invaluable tool for a business owner. But with so many options on the market, you might find yourself completely overwhelmed in deciding which card could possibly serve all your specific needs. After all, every year brings a new potential crop of products out there vying for your business.

That’s why we’re here to present a detailed rundown of the 2020 best business credit cards. Before you make any decisions regarding which is the best fit for your company, be sure to consult with your executive team as well as the banks in question. With that disclaimer out of the way, here are 10 of the best business credit cards out there.

American Express Blue Business Cash Card

Cardholders of this American Express product will earn 2 percent cash back on up to $50,000 of all eligible purchases per calendar year. The Blue Business Cash Card also carries “Expanded Buying Power,” allowing you to strategically go over your credit limit.

That amount actually adjusts with your card use, transaction history and financial records. Plus, you receive 0.0 percent APR on purchases and balance transfers for 12 months and no annual fee.

American Express Blue Business Plus Credit Card

This second American Express card has some of the same basic features as the above. However, it also provides double the membership rewards points for eligible business purchases. Likewise, it still has Expanded Buying Power, providing much greater opportunity to rack up points.

Bank of America Business Advantage Cash Rewards Mastercard

With this Bank of America card — the only one to make our list — you’ll get $300 in statement credit when you spend at least $3,000 during your first 90 days.

You can also earn 3 percent cash back in a category of your choice, as well as 2 percent cash back on dining and unlimited 1 percent cash back on other purchases. Moreover, you’ll face no annual fee, and perhaps best of all, your cash rewards never expire.

Capital One Spark Cash for Business

When you sign up for the Spark Cash for Business card, you earn a $500 cash bonus as long as you spend $5,000 in your first three months. Plus, you’ll receive $1,500 when you spend $50,000 within your account’s first six months.

As for cash back incentives, cardholders get unlimited 2 percent cash back on every purchase without any restrictions whatsoever. You also won’t have to deal with foreign transaction fees or an annual fee for the first year.

Capital One Spark Miles for Business

If you’re the type of professional who does a lot of traveling, then this Capital One card might be for you. If you spend $5,000 in your first three months, you’ll receive 50,000 bonus miles. Or if you spend $50,000 in six months, you’ll get a staggering 150,000 bonus miles.

You’ll also receive unlimited double miles per dollar for unlimited, unrestricted purchases or five times the miles on any hotel and rental car bookings. And, yes, there’s no annual fee in the first year.

Capital One Spark Cash Select for Business

The last Capital One card to make our list has a lot to offer. First, cardholders get an unlimited 1.5 percent cash back incentive on unrestricted business purchases.

You’ll also get a one-time $200 cash bonus if you spend $3,000 in the first three months of your account’s life. Moreover, you receive 0 percent intro APR for 12 months, no annual fee and no foreign transaction fees.

Chase Ink Business Unlimited Credit Card

For the detail-oriented business owner, Chase has several notable business credit cards on the market. This one offers $500 bonus cash back after a $3,000 expense in the first three months.

But it also features unlimited 1.5 percent cash back on every business purchase you make. If you need something a little more robust, stay tuned. But the Business Unlimited card has all the basics covered.

Chase Ink Business Cash Credit Card

With the Business Cash card, Chase account holders get the same $500 bonus cash back as the Business Unlimited card. But they also have access to 5 percent cash back on the first $25,000 spent at office supply stores and on telecommunications services.

Moreover, you earn 2 percent cash back on the first $25,000 in expenses on gas stations and restaurants each year. For the business owner with a higher budget, this card is the perfect option.

Chase Ink Business Preferred Credit Card

Cardholders with this Chase card earn 80,000 in bonus points once they spend $5,000 on any purchases in the first three months of their account.

The Business Preferred card also offers 3 points for every dollar of the first $150,000 spent on travel and select business purchases. For all other purchases, there is an even point match for every dollar spent.

Discover It Business Card

New customers with this credit card receive an unlimited cash back match for every dollar spent in the account’s first year.

In addition, you earn 1.5 percent cash back on every dollar you put toward any purchases. Plus, there’s no annual fee, accessible customer service and a free credit score just for being a customer.

Choosing the Best Business Credit Card for You

So there you have it: our 2020 best business credit cards. Choosing the best one for you is going to depend on your unique business needs, from your overall budget to how often you travel and whether or not you’ll be making foreign transactions. For comparison’s sake, take a look at Incfile’s Top Credit Cards of 2019. With so much to consider, selecting a business credit card is not an easy decision. Hopefully, this glimpse at what’s out on the market has inspired you to find the perfect one for your business needs. Make 2020 the best year yet for your business!

This article was originally published on the Incfile Blog.

Dustin Ray leads business development and growth initiatives at Incfile, a national incorporation service company specializing in business formation and small business services. Founded in 2004, Incfile makes it possible to start a business with a $0 formation + state fee and has assisted in the formation of more than 250,000 corporations and LLCs.