600 Credit Mortgage Score Second

Despite Rising Gas Prices and Federal Rate Increases, Small ...

SAN FRANCISCO, Aug. 1 /PRNewswire-FirstCall/ -- Despite 17 consecutive interest rate increases by the Fed and surging gas prices at the pump, small business owners remain optimistic about the future. A new Wells Fargo/Gallup Small Business Index released today shows small business owners remain just as optimistic today as they were a year ago about both their current financial situation and future financial prospects. The Index stands at 107 -- essentially the same level for the past four consecutive quarters and far above its baseline score of 69 in August 2003. In the latest survey, 72 percent of small business owners surveyed said their company's financial situation is very good or good, and 80 percent expect to be better off financially a year from now.

"Small business optimism remained near cyclical highs in the second quarter," said Scott Anderson, senior economist at Wells Fargo.

Another race in Lake of Bays

He would also like the municipality to come up with an equitable solution to concerns about the commercial use of the Port Cunnington public landing.

"We should have options on the table that are going to be suitable to everybody. Right now there are three options but they're pretty one-sided," he said, referring to the fact that all three options presented to council by municipal staff involve physically restricting barging access at the landing.

Cote said he wants to see more light industrial business in the Baysville area to spur the creation of jobs.

"We've got the sewers now. In the last year we got a couple of commercial enterprises and I'd like to see more. I'd like to see light industrial like manufacturing... not getting into the heavy industrial stuff," he said.

Flexibility Comes At A Price!

According to independent financial researcher Moneyfacts, this has been a busy month for lenders who provide flexiloans to borrowers.

A flexiloan (also known as a flexible loan or revolving-credit agreement) works in a similar fashion to an overdraft, in that you're given a credit limit up to which you can spend. However, you must make regular (usually monthly) repayments which pay off your interest bill plus a slice of your debt (but the amount repaid can be immediately re-borrowed).

The handy thing about a flexiloan is that you can spend freely within your credit limit, make one-off or regular overpayments without penalty, and repay your entire debt without early settlement charges. Furthermore, your interest bill is calculated daily and charged to your account each month, so flexiloans also share some of the characteristics of credit cards.

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