What the Bible Says About Personal Finance

The Bible is a well-known spiritual guide, but how many of us have looked through its teachings with regard to personal finance? What does it say? Here’s a list of scriptures from the Bible that, if followed, will help you grow your personal wealth.

Keep a Budget

Proverbs 27:23: "Be diligent to know the state of your flocks, and attend to your herds."

When you fail to keep a budget, your income has a way of disappearing. You must be diligent in keeping track of your incomes and expenditures. Plan your expenses with your spouse. Do it as soon as you receive your paycheck. Make sure every dollar is accounted for and that no dollar is spent on an unplanned expenditure. Yes, it takes a lot of effort. Yes, you might fail one time or many times, but you need to keep at it until you master this principle. Anyone who can effectively keep a budget will slowly and surely get wealthy, even if he/she doesn’t have a glamorous, high-income-earning job.

Save Money, Be Prepared

Proverbs 21:20: "In the house of the wise are stores of choice food and oil, but a foolish man devours all he has."

The vast majority of Americans live maxed out, paycheck to paycheck, not able to afford to stop working for a moment. We can’t stop working even for a moment because we have bills and interest accumulating. The above scripture tells us what he already know: such behavior is foolish. Don’t spend every dime you make. If you’re not putting money away, you’re not getting ahead; you’re creating for yourself a very tough situation which will almost inevitably lead to a long life of labor followed by financial ruin when you can no longer work.

Be Conservative with Large Purchases

Proverbs 24:27: “Prepare thy work without, and make it fit for thyself in the field; and afterwards build thine house.”

Many people all over the world have lost their homes and ruined themselves financially because they did not follow this advice. Ask yourself: how safe is my income? Will it decrease during a time of recession? If so, how much? After you’ve asked yourself these questions, only then should you decide to buy a home, and you should make sure that you can sustain your mortgage payment when your income is at its lowest. Don’t be the person who buys a larger house than he/she can afford because you’ll work overtime to increase your income. You’ll slave away for your house until something happens to lower your income, in which case, you’ll lose the house.

Get Out of Debt:

Proverbs 22:7: "The rich rules over the poor, and the borrower is servant to the lender."

Romans 13:8 "Owe no one anything except to love one another, for he who loves another has fulfilled the law."

When it comes to staying out of debt, perhaps the best example is ironically a church. The LDS church operates with zero debt, and while so many entities have been devastated in this current recession, the LDS church remains nearly unaffected. Having no debt, it matters not to the church when credit tightens, and the example of LDS church shows why this so important. To be financially free and independent, we must free ourselves from debtor’s obligation. I personally think that becoming debt free should be the central focus of every family seeking to become wealthy. That being said, I would also like to state that I understand that debt is necessary at times in our lives. To buy a home or to get an education are two worthy endeavors that for most will require debt, but those who do get in debt to get a house or to grow their education and training should focus intensively on paying down that debt in the shortest amount of time possible. Debt is bondage. Use it wisely for worthy purposes; otherwise, avoid it. Be debt free and you will be independent of anyone or any market condition; you will truly be free.

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Should You be Refinancing?

On April 3, 2009, Fannie Mae sent out a press release that refinancing volume reached $77 billion in March—the company’s largest refinance month since 2003. Now is a great time to refinance; perhaps you should look into refinancing your home as well.

Why Everyone is Refinancing

The main catalyst for all this refinancing is the mortgage rate. As I publish this, Lending Tree, one of the most popular refinance companies, lists the current Prime Mortgage Rate is 4.78% on a 30-year fixed mortgage on a single-family, primary residence. Dropping from a 6-7% interest rate to 5% will save hundreds each month and thousands over the life of the loan.

Help If You’re Upside Down

Typically, there is no refinance help for someone that is upside down in their loan. HOwever, Fannie Mae has a current initiative called the “Home Affordable Refinance” initiative that allows home owners to refinance up to 105% of the home value. This allows a small window for people who are upside down in their current mortgage.

When is Refinancing a Good Idea

Just because interest rates are great, it doesn’t necessarily mean that refinancing is a good idea. One of the major setbacks will be the closing costs. Expect 2-3% of the home value to be charged in closing costs. While this is negotiable, most firms aren’t going to cut much off. One possible way to avoid closing costs is to refinance with your current mortgage company. Many times they can waive part or all of these fees.

Calculate the Break-Even Point

So, assuming that you have a $150,000 home and you are considering a refinance loan, you have to expect roughly $4,500 in closing costs. Decide how much money you’ll save at the lower interest rate and how long it will take to recoup the closing costs with the money you save each month. This will give you a good idea of whether you should go ahead with the loan or not.

For instance, in the current scenario, if the homeowner will be saving $200 dollars per month, the break-even point would be 23 months. Next, you'll need to consider how long you'll be staying in the house. If it's only one more year, this scenario doesn't make much sense. However, if you'll be retiring in this home, then you need to jump on this opportunity because rates simply won't go much lower.

If this is the right time for you, then contact your lender soon to begin the process. If you'll be looking for a new lender, I recommend Lending Tree, and I'm providing a link below. With one application, they show you four different offers, allowing you to compare the banks' offers and choose the best option for you.

Four Ways To Save Money

With a worldwide economic recession in our laps, many of us are looking for ways to save money. You may be surprised to know that there are some cuts you can make around the house that don’t require a whole lot of effort. Here are four easy tips that will save you a little money each month.

Renegotiate Subscriptions

If you are paying each month for subscription services such as alarm systems, phone service, Satellite TV, or Cable, then you can probably save some significant cash by renegotiating your service. Most of these types of services have a high profit margin and the companies would rather make less than lose you. Just tell them that you’re not sure you can afford to pay the monthly payment and are thinking of canceling and watch them slash prices.

Disconnect Electric Devices When Not in Use

You have probably heard that Electronic devices continue to suck energy after you’ve turned them off, if they are plugged in. You can save a lot of money by unplugging your electronic devices when you are not using them. This does require some effort, but the easiest way to do this is to use power strips, so you can unplug multiple devices with one plug. It might sound like a hassle, but doing it will cut down your power bill substantially. The Organization for Economic Cooperation and Development estimates that standby power accounts for 3-4 percent of residential electricity use. The average American household uses 920 kwh per month. That means the average American household could shave off nearly 40 kwh per month by disconnecting devices when not in use.

Saving money doesn’t always require large sacrifices; you can save a substantial amount by implementing a few of these simple ideas.

Get Generic Prescriptions and Food

If you haven’t started using generic drugs, you need to start right away. You’ll get the exact same drug for a fraction of the cost. According to the National Association of Chain Drug Stores, in 2006 the average retail price of a generic prescription drug purchase was $32.23, while brand-name drugs went for an average of $111.02. The same idea can be applied to food. Don’t be afraid to buy the off-brand item in your local grocery store. Much of the time, they are produced and packaged at the same site and just receive different labels. Because off-brand companies typically do not advertise, their costs of production are cheaper.

Reduce Temperature Setting on Your Hot Water Heater

Most of us have our water heaters dialed in at a scalding temperature, and we have to turn up the cold water to keep from burning ourselves. You may not have realized it before, but you are paying to keep that water heated 24 hours a day to a temperature that is hotter than you need. Turn it down and save yourself the money. Expect a 5% drop in energy consumption for your water heater for each 10 degrees you drop it. A lot of people have their water heaters set at 150 degrees or higher. Try it at 120. It won’t affect your shower, but it will affect your wallet.

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Any Negative Item Will Be Deleted After Seven Years, Right?

Wrong. While it is true that negative items should be deleted after seven years--ten years for bankruptcy--they very rarely are. Of all the complaints I get about credit errors, the most common is that the items in question are more than seven years old. In all honesty, the credit bureaus are not in the business of ensuring accuracy or making sure your items are deleted on time. It's been my experience that these items stay on there until you do something about them.

So, you either need to dispute them yourself or hire someone to do it for you. You can do it yourself. If you don't want to hassle with it, I recommend Lexington Law Firm


Don't think that these items will take care of themselves. You must take the necessary steps to protect your credit, and don't think that nothing can be done. 78% of Americans have errors on their credit reports, and thousands of errors are deleted everyday. Good Luck

Will My Collection Account be Deleted When I Pay It?

Many people think that to repair their credit, they just need to pay off whatever derogatory item is affecting their score. This is false. Your collection, charge-off, or late payment will not be deleted when paid or settled. Once the item is paid, it will stay as a collection, charge off, etc.; the credit bureaus will simply add a line that says it has been settled or paid. Your score will remain negatively affected, and now you will have to wait 7 years from your latest payment.

That being said, is it not wise to pay on a derogatory account? I always recommend that people pay their obligations. Once an item has been paid, it is much easier to remove. The reason for this is that the collection agency or creditor is no longer interested in verifying the information to the credit bureaus when disputed.

Three Ways to Add Good Credit

Piggyback

The best possible way to add good credit or establish credit if you have none is to piggyback on someone else’s credit. If you have a friend or relative whom you trust immensely to pay all their bills on time, you can ask them to request a credit card for you as a secondary card holder. By doing this, their credit card company will regularly report to the credit bureaus in your name. This gives the effect of you having been approved for a credit card, though you really didn’t have to do anything.

The one pitfall here is that if you’re friend does not pay their obligation on time, then their negative information will be reported in your name. The best way to avoid any complications is to be made a secondary holder on a credit card that is never used. On the flip side, don’t even allow your friend to give you the card. They can just cut it up or keep it. Either way, it will still be an effective method to build credit for you. Remember, you don’t have to use credit cards to build credit; you just have to have them.

Get a Secured Credit Card

The great thing about a secured credit card is that you don’t have to have credit to get it. You just need to be able to give the $200-$300 up front or whatever you want your spending limit to be. I recommend that you just take the minimum limit and do not use the card. Even though the company is not technically granting you credit—you are securing the spending limit with a savings account—they still report to the credit bureau the exact same way as any other credit card company, providing you with a great opportunity to build credit.

Seek Easy Credit

When it comes to obtaining a credit line, there are definitely some lines that are more easily obtained than others. If you don’t have excellent credit, don’t try to apply for an American Express card. What you can do is go to one of the following merchants:

· Jewelry Stores

· Furniture Stores

· Appliance Stores

· Credit Unions

· Clothing Stores

All of these institutions typically require a lower credit score to be approved. These are places that approve people easily but still report to the credit bureaus which makes them invaluable when it comes to establishing credit.

Things that Will Not Help You

I get so many people that tell me they should have good credit because they have paid their utility bill on time or their cell phone bill on time. Remember, utility companies, landlords, cell phone companies do not ever report positive information. They will only report to the credit bureaus if you fail to pay your obligations. In a word, the can only hurt, not help.

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What's in Your Credit Score?

Credit scores are compiled form five different categories. The five categories are as follows and weigh in by the following percentages into your credit score:











Payment History

In the payment history category, they are looking for how many accounts you have that are considered “paid as agreed.” Also, the types of accounts will be treated differently. Whether or not you have any late payments and to what degree they are late is looked at. How much is past due will factor into your score.

Amounts Owed

In the amounts owed category, how much that is owing will factor into the score. The number of accounts with balances will factor into your score, so if you have a balance on all your accounts you will get a large point deduction. Conversely, if you have no balance on all of your accounts, you will get points added to your score. One other factor that is seriously considered is the proportion of credit lines used. Anytime your credit line exceeds 30% of the balance, your score will suffer, and more points will be deducted proportionate to the percentage of total credit line that you owe.

Length of Credit History

In this category, the credit calculators will look at how long your accounts have been open. Typically, this is looked at in terms of average length per account. The longer your average length per account, the better your score will be.

New Credit

In the new credit category, your score will be affected by the number of recently opened accounts that you have, the number of recent credit inquiries, and time since last credit inquiry. If you run out and apply for many accounts at once, your score will suffer as this would suggest that you are desperate for credit.

Types of Credit

This portion of your score is based on the number of or prevalence of any one type of account whether it be mortgage, installment loans, credit cards, retail accounts, etc.

If you want a cheap way to monitor your credit score, I recommend MyFico. They will monitor your score and send you both an email and text message whenever your score changes. They also have great tools for disputing credit mistakes and so on. You can click on the link below to go to their credit monitoring info page.

Monitor Your FICO® Score & Equifax Credit Report

What to Do If you Have Bad Credit

Unless you have no connection to the outside world, then I’m sure you are fully aware of the credit crisis we are experiencing in this country. This credit crisis essentially has happened because loans were granted to people that could not afford them. That being said, does that mean that if you have bad credit there is no way to get a loan or credit card? NO. You can still get loans. There are a lot of people that have bad credit that really can afford the loans for which they are applying, but they are paying for mistakes of their past or they recently went through a divorce, medical emergency, or some other life-altering condition that caused the bad credit. If you are one of these people, you need to get started repairing your credit. If you have the time to do it yourself, that’s great. If you don’t, then you may want to consider paying for credit repair service. I recommend Lexington Law; you can find a link on our site to them. I personally have used them, and I think they offer a very fair-priced and effective service.

Make Sure You Qualify

Now, as far as getting a loan with bad credit, there are two things that you need to do. First, you need to specifically ask companies whether or not they do loans for people with bad credit. Don’t waste your time and hurt your credit score more by getting rejected by multiple banks. Just ask them whether or not they do loans for people with bad credit and ask them what the qualifications are. I don’t ever apply for anything that I don’t already know I will be accepted for. I bring in my credit reports and scores from all three bureaus (look up my post on credit monitoring). I show the loan officer what I have, and let him determine whether or not I would be accepted before I give them the ok to run my credit and so forth. I think this is essential. It is also essential to be very forward with people if you have bad credit.

Be Forward

If you have bad credit, let any bank or mortgage broker know that up front. Tell them you have bad credit and ask them if they can deal with you. If they say yes, then you need to find out how they qualify applicants. For many people, they just go strictly off of your F.I.C.O. score and income. You want to talk to someone that will manually underwrite your loan. This means that they will be willing to hear your explanation of the bad credit and judge personally whether or not you can make the payments instead of just categorize you based on numbers.

Bad Credit and Credit Cards

The same rules apply concerning credit cards. Make sure that the card company has programs for people with bad credit, and decide whether or not you’ll be accepted for such a program before you apply. Remember, every time you allow your credit to be run, it will hurt your score. It may not decrease it much, but it will decrease it some; and the more inquiries you have, the more than tend to negatively impact your score. If you absolutely cannot get a card, then apply for a secured credit card. You will have to deposit money to secure your account, but the card will report to the bureaus the same way any other card company would do, allowing you to improve your credit and add a positive account history to your report.

Bad Credit and Your Terms

Remember, just because you can get a credit card or a loan with bad credit, don’t become complacent about improving or correcting your credit score. Do everything you can to have a solid score (680+), because your options and terms for credit will improve greatly if you have a good score. Don’t be a victim to lenders that prey on people with bad credit. I do real estate investing as a hobby, and I recently bailed out a homeowner that was paying 18% interest on his second mortgage. He couldn’t do it any longer, and he was going to lose the house because of it. Just because you might get accepted, this doesn’t mean you should go forward with it. Review the terms and be wise about what credit obligations you take on.

And Finally, you can always fix bad credit. Look at this post for information about disputing your bad credit history. If you don't have the time hire Lexington Law Firm

Tired of Credit Offers? Opt Out

If you are tired of getting credit card offers in the mail, there is an easy fix: opt out. You can go the opt out webpage. Here, you will be required to enter some information. Once you have finished the process, you have officially opted out of credit offers.

This right is afforded you by the FCRA (Fair Credit Reporting Act). The best part about opting out is that you should see your score increase. This is because you are no longer receiving soft hits on your credit score.

How to Build Business Credit

If you are at the point of wanting to build business credit, I’m going to assume that you have already set up your business and filed all the appropriate paperwork for licensing and so forth. Having that out of the way, you are now ready to start building credit for your business. Here are the steps

Open a Business Checking Account

This is important in showing that your business is established. It will all be monitored by Dun & Bradstreet. Soon enough, you will be rated based on the amount of money you hold in your account at all times. For now, just worry about getting it set up.

List Your Business

You should take the time to have your business listed on 411 search, yellow pages, and google business. Also, if you have a website, make sure it is listed with all the major search engines. It is recommended that you have your phone and a fax numbered registered in your business name.

Dun & Bradstreet

DNB is the largest tracker of business credit. They keep track of business credit; and for a fee, they sell different business profile options and business credit reports. You will need to get on their website and apply for a DUNS number. This number acts as an identification number for your business. It typically takes 30 days for them to set this number up, and you don’t need to pay for it. They will make the file and add to it as soon as you start applying for credit under your business name.

Start Applying

At this point you can start applying for credit. The easiest place to set up credit is with vendors with whom you already have a relationship. Also, you can try office supplies stores such as staples, Kinkos, etc. These office supply/print stores typically grant credit easily to businesses. Some business credit cards are given very easily; others require a longer history. You can always work your way up. Try to get at least 5 vendors or creditors that will report your credit.

Pay Early

You will be given a Paydex rating for your business. Besides the amount of money in your account, they will also look at how long it takes you to pay your “net 30” bills. I recommend that you pay them as soon as possible, because each day counts in the world of business credit. Paying them in fifteen days is better than paying them in 20. You want the best Paydex score you can get. The better your score is, the better your opportunities for loans.

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How to Dispute an Error on Your Credit Report

One of the many problems with our credit system is that it allows for so many errors to show up on our credit reports. With identity theft increasing at an alarming rate, you need to monitor your credit report and remove the errors fraudulent activity. There are two general ways to remove a discrepancy from your report and rebuild your credit. I will show you how.

The Company

I have found the best way to remove any error or problem is through the company that issued it, if I am still a customer. For instance, assume you just had a late fee show up from American Express, and you are a customer of American Express. The most effective way to remove it is to write American Express a letter. If you tell them that you are loyal customer who loves American Express, and you need their help in removing the error. They will cordially oblige, because they want to keep you as a customer—a happy one incidentally.

Most people overlook this and go straight to the bureas. The problem with this is that the bureaus are designed to be mechanical. They don’t care about your situation. They will process the information they are given. If you send them a letter, they will contact American Express. American Express will respond that it is valid. Now, if American Express does notice their error (not very likely), they will respond that it is erroneous and the bureau will delete it. However, if American Express just responds that it’s valid, you get a letter back saying it has been verified.

For this reason, I want to contact the company first. They have an interest in me as a customer; they want to keep me satisfied. I can add a personal touch with them which will make them want to help me. Here’s the real bonus though. Most of the time they will delete a late payment for you, even if it’s not an error. Why? Because they are making money off every purchase you make. Why would they want to estrange and upset you. Talk to the business first.

Through the Bureas

If you do need to contact the three monsters: Transunion, Equifax, Experian, you will have to write three letters because they do not corroborate or work together. You will have three battles that are not easily won. The good news is that you have a couple advantages. The bad news is that there are some pitfalls to watch out for.

What’s on Your Side

Time is your first ally. Everyone knows that the FCRA (Fair Credit Reporting Act) requires the bureaus to respond to your letter in 30 days. If they do not, they technically have to delete it. This sounds great; but I will be honest, this does not happen very often.

Hassle

The other thing that you have going for you is that it is a hassle for the bureaus and the companies with whom they are investigating to verify this information. If the company has lost the information or simply ignores the request for validation long enough, the bureau will delete it because it cannot be verified or it took too long to verify it.

What’s Against You

Be prepared. The credit bureaus have some tricks up their sleeves. Anything they can do to deter you from pursuing your investigation they will try to do. They don’t want to have to spend the man hours investigating your errors. They want you to give up, accept it, and forget about it.

The Blanket Refusal

Without a doubt, if you send a dispute letter, you will get a blanket refusal to investigate based on several frivolous reasons. Depending on the bureau, they will say that the letter seemed to be a form letter, and they need to verify it was actually you who sent it. They will tell you that you have to prove your identity and place of residence first. The list goes on. These are meant to deter you.

What you can do

The best thing that you can do is put your social security number in your letter and attach a copy of your driver’s license and a proof of residence. This way, they cannot say they did not know it was you disputing it, and they cannot return your letter and say verify your identity.
For those of you who took my advice and are paying for True Credit from Credit.com, they have pre-formed letters with your information on them, so you don’t have to add all these things. They also have online dispute forms.
If you aren’t paying for a monitoring service, here are the addresses to the bureaus:

Experian
P. O. Box 9595, Allen, TX 75013-9595 Tel: 888-397-3742

Equifax
P. O. Box 740241, Atlanta, GA 30374-0241 Tel: 800-685-1111

Trans Union
P. O. Box 1000, Chester, PA 19022 Tel: 800-888-4213


Remember, the best way is to start with the company. If that does not work, move on to the bureaus. Success with the bureaus depends upon persistence. Good Luck.

P.S. If you decide that it's too much trouble to do it on your own, I recommend Lexington Law Firm


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The Best Way to Monitor Your Credit

There are a ton of sites and companies out there that offer credit monitoring service. Some of them are offered for $9 a month, some for $30. The problem with most of these sites is that they are affiliated with only one of the credit bureaus; i.e. they have an agreement with Equifax but not Experian or Transunion and so forth. The best way I have found to monitor my report and score is through True Credit on Credit.com. This company is affiliated with Transunion, but they have agreements with the other two bureaus to allow you to check your credit. The best part of the program is that it allows you to check all three reports and scores as many times as you want.
That means you can update your score anytime you feel like it without paying for each update. They charge $15 a month to track your changes and allow access to all three scores. I can tell you right now that this is great deal. In order to purchase your separate report and score from all three bureaus, you would need to pay $45 each time.
Besides a regular update to my report and score, I also print off my report before I apply for anything. I give the report and score to the loan officer and make sure that I will be qualified for whatever it is I’m applying for before they check my credit. This way, I can keep my credit inquiries to a minimum.

Four Myths about Credit Debunked

For most people, credit scores are something of an enigma. We all understand the basic underlying principle—if I pay my bills, I’ll have good credit—but few of us actually know the details involved in calculating a credit score. Worse yet, many of us hurt our scores because of our lack of understanding. Here are four commonly-held myths about credit that are holding you back.

Myth #1: Too many credit cards will hurt my credit score.

This commonly-believed myth about credit hurts people in a couple ways. First, I’ve interviewed many people who have cancelled all but two of their credit cards because they believed that these cards were hurting them. The truth is that the moment they cancelled their cards, their scores dropped by as much as 150 points. Yes, it is true. By cancelling your cards, you reduce the number of healthy accounts you have, which lowers both the amount of credit you have been granted and, in most cases, the average length of credit history for each account, reducing your score drastically.

Secondly, too many people refuse credit applications because they fear they will have too many accounts. Fair Isaac Corporation, the company that designed the formula for credit scoring, says that the average consumer has 13 credit obligations. However, adding more accounts does not hurt.

On the other hand, it is true that too many credit inquiries will hurt your score. In other words, if you are out applying for a new card or loan every week, your score will be lowered. This is also another reason why you need to get the credit accounts you desire and keep them. Do not whimsically apply for and cancel credit accounts.

Myth #2: I have to use my credit cards to build credit.

This is the classic myth; it’s everywhere. How many people have you heard say “I use my card once a month so it shows activity on my account?” I used to believe this one myself, but here is the truth: you don’t have to use your card at all. In fact, it’s better if you don’t. Fair Isaac Corporation says that the average consumer carries a balance of 30% of their credit line. If you go over this, your score will be lowered. If you stay under this, your score will be raised. If you have a zero balance, you will get the most points possible. They only report balance and payments; whether or not it’s been used is superfluous.

Myth #3: I should have good credit; I pay my utilities and cell phone bill on time every month.

This is one of the sad facts about credit. It may be used to determine your ability to pay for everything you do, but not everything you do will reflect on your ability to pay. In other words, your cable company, phone company, gas company, etc., are all going to check your credit (they probably won’t tell you either). However, because these institutions are not granting you credit, they will only report to the credit bureaus if you fail to pay. In other words, when it comes to phones, utilities, and cable, you can only hurt your credit, not build it.

Myth #4: There is nothing I can do once I have a late payment.

This one has got to go. It’s actually extremely easy to remove a late payment, and the sooner you do it the better. Removing a late payment from years ago can be a little more difficult, though definitely doable, than removing a late payment from last month. If you show a late payment on your transaction history, call your credit card company and you’ll be amazed how easily they will remove it. Call the company and get a customer service representative on the line. I simply say “I have a favor to ask of you. I have a late payment showing here on my account record. Is there any way you can remove that for me? I’d really appreciate it.” I’ve actually never had a credit card company refuse my request. Why? Because they want me to keep using their card, that’s why. Now, that’s not to say you can be late all you want. If you are late each month, then you probably aren’t going to get much help. If you were late one time in a year, I’m sure you’ll be helped. I can also tell you that a penitent tone will get you further than yelling. In the past, I’ve simply told them that I spaced the payment, and they have been accommodating for me.

You may not like the credit game, but we all have to play it. So, you might as well know the rules. With these four myths debunked, you are that much closer to having excellent credit and better borrowing capabilities.

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