Why don't you let everyone know about the benefits of Prepaid Legal???

If you don't think your teen can handle a credit card, there are other options available like prepaid cards or debit cards that are linked with checking accounts that can be monitored by the parents.

FEES to $100.00Total Prepaid Finance Charge $6,558.03Amount Paid on Your Account/Amount Paid to Others on Your BehalfPaid by S* Seller L* Lender K* Broker R* Branch O* OtherPaid Outsideof ClosingAmount PaidBy OthersOther ChargesPaid By BorrowerAppraisal fee to $425.00Credit report to $19.00PREMIUM FOR 3RD PARTY/LEN to $-3,063.87Homeowner's insurance for years to $420.00Homeowner's Insurance 2 months @ $35.00 per month $70.00Property Taxes 6 months @ $106.43 per month $638.58Aggregate AdjustmentOwner's title insurance $1,500.00Lender's title insurance $550.00Deed $ Mortgage $ Releases $ $125.00STATE TRANSFER TAX FEE to $982.81Purchase Price (+) $173,100.00Settlement Charges to Borrower (+) $8,224.55+ $181,324.55Amounts Paid By/For BorrowerPrincipal Amount of New Loan(s) (-) $129,825.00-$129,825.00Total Cash From Borrower $51,499.55Loan Amount: $129,825.00Prepaid Finance Charge - $6,558.03Amount Financed: $123,266.97I am somewhat tied to this lender as He's the only one that I found that would accept only the last year income tax and having opened my Business a little over 2 years ago 2010 tax return would hurt the average pretty bad.Also I didn't like the fact that He pre-qual me for 20% down 3 months ago and now He says I need 25$ with no significant financial status changeI'd be on a stretch do this deal and am considering waiting til next year when conditions would be more favorable for financing but I have no idea how the market Will be in Vegas.Let me your thoughts.

It doesn't make much difference, at closing you pay some pre-paids (insurance/escrows) to yourself/the bank and credits to the seller (pre-paid taxes, fuel oil,etc.).

However, we are trying to see if there is a way to reduce this monthly expense.The only alternative option that we have found is a secure pool phone box that uses a pre-paid wireless cell phone.

@Jon Holdman uses a great description of the differences.Hard money terms are commonly65 LTV , 10 pre paid points, 16% Interest Only not paying down principal, 12 month call (due in full)Like WE BUY UGLY HOUSES, Hard money could be called WE LOAN UGLY MONEY. lolPrivate Lender Money terms are commonly70-80% LTV, no points, 6-8% simple interest, 1-5 year note, then due in full or rolled overJoint Venture with Credit Partner - Down Payment Partner - Rehab Cost Partner terms are commonlyStart a LLC together with an Operating agreement and a JV Agreement with every deal, person bringing credit - cash to the deal gets all money back, expenses are split, net profits are split, sometimes not 50 50 .  

This would entail your reimbursing their prepaid rent, deposit and likely additional amounts such as moving expenses and utility deposit at the very least.This would mean that YOU are out of money.What is so bad that you want to end this relationship?

If a person has a significant weakness (or can't be verified) in any of the four categories, and we have reason to believe they could still be successful tenants, we will offer to rent but will require an additional security deposit to cover our risk.We would never request prepaid rent, other than for the current month.

He used prepaid rents to offset past due rents.

A prepaid gift card of $100 would be nice, but I suppose it depends on your relationship with this person.