How to choose the Right Co-Signer for your Car Loan?

What is the meaning of a co-signer?

He/she is as an individual who:

>>Signs the loan contract with the borrower;
>>Is obligated to repay the loan if the borrower does not make payments;
>>Has the joint liability for making regular payments; and
>>Has no right to the vehicle.

How is a co-signer different from a co-applicant?

A co-applicant(co-borrower) assumes the same responsibility as a co-signer but he/she enjoys the benefit of ownership. A co-applicant has right to the car.

Who needs a co-signer?

Car buyers who do not have a strong credit application require a co-signer because he/she ensures the lender of regular payments and reduces the lender’s risk. So, a co-signer is often considered a boon by following people because he/she helps them in securing quick finance:

>>Young car buyers with no credit history
>>People with terrible credit score
>>People with low income
>>Car buyers with short employment history
>>Car buyers with repossession or bankruptcy in the past

Is a co-signer needed for a “joint car loan”?

A car loan is considered a “joint car loan” if the following applicants are involved:

1. A primary borrower
2. A co-applicant or aco-borrower

If both the applicants have credit issues or any other financial problem, lenders make co-signing compulsory.

Who is eligible to become a co-signer?

Usually, parents co-sign car loans for their children. It is for this reason many people believe that the only criterion for becoming a co-signer is to be the relative of the borrower. But, it is a myth. Following are the criteria for becoming a co-signer:

Preparedness to Co-Sign

Many people will be ready to inform the lenders about their willingness to become your co-signer. But, just an informal promise or a verbal agreement is not enough to become a co-signer. So, ensure that your co-signer is prepared to sign the loan contract and is willing to assume the responsibility of your car loan.

Good Credit Score

A co-signer is required to have a good credit score. He/she must pay bills on time and have an experience of obtaining a variety of debts such as mortgage loans, credit card debts, personal loans, etc.

Usually, lenders require a co-signer to have a credit history of at least five years. So, make sure that you check the prospective co-signer’s credit history before talking to the lender.

Ability to Repay the Loan

Lenders don’t allow anyone to become a co-signer. A person can co-sign your loan contract if he/shecan repay the loan. Your co-signer needs to submit the financial documents to the lenders so that they can check his/her financial situation:

1. Bank statements
2. Property details
3. Ongoing loan information
4. Pay-stubs
5. IT returns (if the co-signer is self-employed)

Employment and Residential Stability

If your co-signer switches jobs frequently, lenders will consider his/her employment status unstable and reject your loan application. It is because lenders want a co-signer to have a stable employment.

Also, lenders require a co-signer to have a stable residence history. It is ideal if your prospective co-signer is residing at the same address for at least two years.

So, these are the criteria for becoming a co-signer. If your lender has asked to bring a co-signer, don’t forget to use them. It will help you in choosing the right co-signer for your car loan.

Don’t worry if you cannot find a co-signer. Car Destination provides special first-time car buyer program to help young auto buyers. To apply with the company, simply submit your auto loan request and the company will provide you with low rate car financing program.

Resetting Your Clock: Johanna Altman’s Guide to Optimal Circadian Health

In our fast-paced world, the concept of time governs much of our daily routine, yet one crucial aspect frequently overlooked is our internal biological clock or circadian rhythm. This internal timer plays a vital role in dictating our sleep patterns, hormone release, eating habits, and overall health.

Johanna Altman, a wellness enthusiast and advocate for holistic health practices, shares insights on how properly managing light exposure can significantly enhance circadian health and, by extension, improve overall well being.

Understanding Circadian Rhythms
Circadian rhythms are physical, mental, and behavioral changes that follow a 24-hour cycle, responding primarily to light and darkness in an organism’s environment. They are found in most living things, including animals, plants, and microbes. The study of circadian rhythms is called chronobiology.

The Role of Light
Light is the most potent cue influencing circadian rhythms, helping to synchronize the internal clock to the environment’s 24-hour light/dark cycle. Natural sunlight and artificial indoor lighting impact these rhythms, signaling when it’s time to wake up and when it’s time to sleep.

The Impact of Circadian Misalignment
Disruption to the circadian rhythm can lead to various health issues, including sleep disorders, obesity, diabetes, depression, bipolar disorder, and seasonal affective disorder. Johanna Altman emphasizes that understanding and managing our light exposure is key to preventing such disruptions and maintaining good health.

Harnessing the Power of Light
Sunlight: The Best Circadian Regulator
Exposure to natural sunlight during the day is crucial in keeping the circadian rhythm healthy. Johanna recommends starting the day with a morning walk or simply sitting by a sunny window. This exposure helps halt the production of the sleep hormone melatonin, making us alert and ready to start the day.

Artificial Lighting: Friend and Foe
While natural light is beneficial, artificial lighting can be a double-edged sword. During the day, bright artificial light can help maintain alertness and focus, mimicking the benefits of natural sunlight. However, excessive exposure to artificial blue light from screens and LED lights in the evening can disrupt the body’s natural preparation for sleep by inhibiting melatonin production.

Blue Light and Sleep
The blue wavelengths produced by our electronic screens are beneficial during the day because they boost attention, reaction times, and mood, but they are the most disruptive at night. To mitigate their impact, Johanna uses apps that filter the blue/green wavelength at night, or she wears glasses that block blue light in the evening.

Practical Tips for Optimal Light Management
Johanna Altman shares several strategies to harness the power of light effectively to support your circadian rhythm:

Maximize Daylight Exposure
Get outside: Aim for at least 30 to 60 minutes of outdoor light exposure daily, especially in the morning.
Position your workspace: Arrange your work area so that it receives ample daylight, using windows and skylights wherever possible.
Manage Indoor Lighting
Brightness: Keep indoor lights bright during the day to mimic natural sunlight, especially if your exposure to natural daylight is limited.
Dim lights at night: As the evening progresses, dim your ambient lighting to help signal to your body that it’s time to wind down. Utilize lamps instead of overhead lights.
Technology and Blue Light
Use technology wisely: Leverage apps and settings on smartphones, tablets, and computers that reduce blue light exposure in the evening.
Set a technology curfew: Try to turn off electronic devices at least an hour before bedtime to give your body a break from blue light.
Consistency is Key
Regular sleep schedule: Going to bed and waking up at the same time each day sets a routine that your body can adapt to.
Pre-sleep routine: Establish a calming pre-sleep routine that begins at the same time each night.
The Benefits of Light-Based Circadian Regulation

Proper management of light exposure can lead to numerous health benefits:

Improved sleep quality and duration: Aligning light exposure with your body’s natural circadian rhythm can promote better sleep patterns.
Enhanced mood and cognitive function: Regular sleep cycles and natural light exposure are linked to improved mood and sharper cognitive functions.
General health and wellbeing: Synchronizing your circadian rhythm enhances metabolic processes, boosts immune function, and reduces the risk of chronic diseases.
Conclusion
Resetting your internal clock using light is a powerful yet often underutilized strategy for enhancing circadian health. As Johanna Altman illustrates through her daily practices, making thoughtful adjustments to our light exposure patterns can lead to significant improvements in our health and quality of life. By understanding and respecting the natural cycles of our bodies, we can live more harmoniously within the rhythms of the day and lead healthier, more balanced lives.

Key Components for Algorithmic Trading Systems

Algorithmic (Algo) trading also called as the automated trading or black-box trading, is the new era of stock marketing. Those who are deeply involved in algo trading, they found this system worth to use and invest time on for its multiple features and real-time trading ability. Algo trading is a complex method using mathematical routes to understand and gain profit. Automates stock marketing comes with defined sets of instruction based entirely on timing, price, quantity and mathematical model.

Here is the short example of algo trading -

A trader buys 50 shares of stock when it is in the 50-day moving average going above the 200-day moving average.
Sell shared of the stock when its 50-day moving average goes below the 200-day moving average.
By using these two simple instructions, the computer program will monitor the stock price. It will then place the buy and sell order if the condition is met. The traders do not have to monitor live prices and graphs because the system would do it manually.

To use and gain profit from automated trading, the user needs to understand critical components. However, let us first check some of the benefits of algorithmic trading system

Every possible trade is executed with the right price.
Instant order placement and accurate
Traders get a real-time update on price change to trade rightly
Automated checks on multiple market conditions
Reduced risk of manual errors while placing possible trades
Reducing the possibility of mistakes from human traders
Key Components of Algo Trading

To perform algo trading, the trader should know the key components. These strategies can improve your costing and earnings-

Identifying the Strategies
To have successful trading using the software method, it is essential to identify strategies on which market is suitable for trading. This will allow developing logic before trading. The best thing of using trading software is it automatically trades if it finds the stock suitable.

Back testing the strategy
Stock trading or marketing entirely relies on testing the data. Algo Trading software comes with historical data that allows you to backtest the previous trading and according to work on strategies. Here, you will also need to work on proven mathematical models like- delta neutral trading strategy.

Executing your strategy
Once you have backtested the previous data, you can execute the idea based on transaction costs. There is a cost of trading and commission, which you will need to work upon to ensure you do not have to pay beyond the required limit.

Manage Risk
Once you have executed the trade, it is vital to manage risk by creating pre-and-post trade checks. This will help in avoiding losses.

Technical Requirements
For successful algo trading, you need to be technically upgraded like-

Computer-programming knowledge for trading strategy hired programmers, and pre-made trading software.
Network connectivity and access to trading
Ability and infrastructure to backtest the system before it goes live
Ability to avail and learn historical data for backtesting