Consider Refinancing With Lower Refinance Interest Rates to Avoid Foreclosure
By Fred Romano
If you are stressed and trying hard to pay your mortgage,
despite the present low Canadian mortgage rates, you might be
wondering how foreclosure will have an effect on your life, and
what options are out there. Foreclosure has a severe and lasting
result on your credit record that you have to be aware of
earlier than it takes place.
Foreclosure is one of the most harmful things you can have on
your credit score, save for a bankruptcy, and it will remain on
your record for a minimum seven years. This denotes that the
results of foreclosure are going to bother you for an extended
time, possibly even after you overcome your difficulties. The
precise amount that your credit score will fall after a
foreclosure is going to differ from case to case. If you have
very excellent credit earlier than you face foreclosure, it
might not have as destructive of an impact on your score as it
would if you have less than ideal score earlier than foreclosure
takes place.
As soon as a foreclosure is on your credit record, you will
need to make a start to get rid of it. It cannot be eradicated
for a minimum seven years. Nevertheless, later than seven years,
you can have it eliminated, although you will have to request.
Write to all three credit reporting bureaus and request them to
take away the mark. After that, ask for a copy of your credit
score to confirm that it has been eliminated.
If you have on no account had a low credit score, you might be
wondering how it will have an effect on you after foreclosure.
As soon as you have lost your home in the foreclosure procedure,
you will want someplace to live. If you would like to acquire a
new home, you will have a tough time getting a Canada mortgage
due to the foreclosure on your record. If your situation has
changed, like in case if you had been without a job however, are
now engaged in a secure job, you might be able to obtain a loan.
Nevertheless, you will find that the Toronto mortgage rates you
are provided are a great deal more than the standard rate, given
that you will be considered a high-risk customer. A low credit
score will as well have an effect on your ability to get a loan
for a car, a credit card, or any other kind of debt.
Since the effects of foreclosure on your credit score are so
destructive, it is best to prevent foreclosure preferably.
Although, foreclosure does not damage your credit forever, and
it is not the end of your financial future, if you can prevent
it, you should. One alternative is to see if you can refinance
at a lower rate or for a longer tenure. Toronto refinance rates
are low; accordingly you may be able to bring down your monthly
payment by refinancing, if your credit has not by now been
spoiled. One more choice is to approach your lender. Lenders
would not like to have a home go into foreclosure; for that
reason they might work with you to bring down your payment for a
few months even as you work through the problems you are facing.
In spite of Canada mortgage rates being extremely low, lenders
still make profit from active loans; therefore they would like
to keep the loan active preferably. Nevertheless, make the
effort earlier than your loan goes into default, for the reason
that lenders are usually reluctant to work with borrowers who
have by now stopped paying. Be proactive, and you might be able
to prevent foreclosure at all.
About the Author: Please visit: http://www.ratesupermarket.ca/
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=450082&ca=Finances
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Balance Transfer Deals - Each As Certain Advantages
Balance Transfer Deals - Each As Certain Advantages
By [http://ezinearticles.com/?expert=Mark_Q._Johnson]Mark Q. Johnson
There are several different balance transfer deals available to the consumers. The right one for the consumer depends on their specific needs.
If an account holder has $5000 of credit debt on three different cards and an offer to consolidate to one card with a credit line of $15000 or above. This could be favorable to the consumer. The deciding factor would be what the interest rate would be and for how long.
There are many balance transfer deals that are at 0 percent interest for a very limited time. If the revolving balance cannot be paid off before the introductory time period ends, then the go to interest rate will be increased and the consumer usually ends up paying more than if they would have left the money owed where it was.
The best balance transfer deals that credit card companies offer consumers with a large revolving debt are the ones that have a low fixed rate of interest for the life of the debt. These are not as attractive looking to the consumer because the credit card companies make less money from them. These also have a catch to them. The 30% credit line to debt ratio has to be maintained by the consumer. This way their credit score will not be lowered with this consolidation move. The credit card companies will not tell consumers this. The more debt they control, the bigger their profits are.
Credit card companies are in business to make the largest profit possible off of consumers' debt. The balance transfer deals are just a couple of ways they try to do this. Select the best balance transfer deals available to you, with caution.
The harsh reality of our modern society is that the security of your family depends on how you handle your money. Don't make the mistake of ignoring your personal finances -- especially details about your credit cards. Visit [http://www.mycreditcardmoney.com]http://www.creditcardmoney.com today and learn about how credit card trouble can ruin your life, and what you need to know to protect yourself when you use [http://www.mycreditcardmoney.com/tag/balance-transfer/]balance transfers to consolidate balances and use other money-smart strategies.
Article Source: http://EzineArticles.com/?expert=Mark_Q._Johnson http://EzineArticles.com/?Balance-Transfer-Deals---Each-As-Certain-Advantages&id=2621579
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By [http://ezinearticles.com/?expert=Mark_Q._Johnson]Mark Q. Johnson
There are several different balance transfer deals available to the consumers. The right one for the consumer depends on their specific needs.
If an account holder has $5000 of credit debt on three different cards and an offer to consolidate to one card with a credit line of $15000 or above. This could be favorable to the consumer. The deciding factor would be what the interest rate would be and for how long.
There are many balance transfer deals that are at 0 percent interest for a very limited time. If the revolving balance cannot be paid off before the introductory time period ends, then the go to interest rate will be increased and the consumer usually ends up paying more than if they would have left the money owed where it was.
The best balance transfer deals that credit card companies offer consumers with a large revolving debt are the ones that have a low fixed rate of interest for the life of the debt. These are not as attractive looking to the consumer because the credit card companies make less money from them. These also have a catch to them. The 30% credit line to debt ratio has to be maintained by the consumer. This way their credit score will not be lowered with this consolidation move. The credit card companies will not tell consumers this. The more debt they control, the bigger their profits are.
Credit card companies are in business to make the largest profit possible off of consumers' debt. The balance transfer deals are just a couple of ways they try to do this. Select the best balance transfer deals available to you, with caution.
The harsh reality of our modern society is that the security of your family depends on how you handle your money. Don't make the mistake of ignoring your personal finances -- especially details about your credit cards. Visit [http://www.mycreditcardmoney.com]http://www.creditcardmoney.com today and learn about how credit card trouble can ruin your life, and what you need to know to protect yourself when you use [http://www.mycreditcardmoney.com/tag/balance-transfer/]balance transfers to consolidate balances and use other money-smart strategies.
Article Source: http://EzineArticles.com/?expert=Mark_Q._Johnson http://EzineArticles.com/?Balance-Transfer-Deals---Each-As-Certain-Advantages&id=2621579
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Reclaim Your Bank Charges Today
By [http://ezinearticles.com/?expert=Lucy_Lewis]Lucy Lewis
Have you ever experienced unfair bank charges? Chances are you have, same as millions of people. How good would it be if you could claim every single charge back in one big bulk? No I'm not joking it is possible and you can apply today. There are lots of companies out there today that will help you reclaim those bank charges. With some banks they can charge up to £40 for overdrafts or bounced cheques or failed direct debits, thousands of people every month is fighting to get them back. Are you going to be one of them?
One out of five bank customers have experienced these disgusting charges me being one of them and because people think that banks are in an "authoritative" position they think it is the banks legal right to do so. But this is wrong. I went to the bank the other day to find that my direct debits went out and I was £1 over and I was charged £32 and then a further £30 at the end of the month for going overdrawn in the first place! That is a pure rip-off! I think banks charge too much over minor difficulties.
Can you imagine a single mother of 3 going to collect her children's benefits etc that pay to feed her children and put clothes on their back, then going to her bank to find £60 plus gone which would pay for food for 3-4 days just because she was a couple of pounds off of her direct debit/ overdraft amount. They are in theory taking food out of these children's mouth and should be ashamed of themselves.
Banks in general should be more sympathetic especially during the credit crunch, some people get in major debt over bank charges. Now it's your turn to take charge of your bank and be one of the thousands to claim all your money back that is rightly yours. Many people have succeeded in reclaiming thousands of pounds, but you have to be quick as the majority of reclaim company's can only go back 6 years. Why don't you try claiming? What is there to lose?
For more information please visit: [http://www.stayinbritain.co.uk/info/bank-smart.aspx]http://www.stayinbritain.co.uk/info/bank-smart.aspx.
Lucy Lewis is new at writing articles, with her charming and inquisitive mind she wants to explore the literacy world in a whole different light. So watch out for further articles.
Article Source: http://EzineArticles.com/?expert=Lucy_Lewis http://EzineArticles.com/?Reclaim-Your-Bank-Charges-Today&id=2373337
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Have you ever experienced unfair bank charges? Chances are you have, same as millions of people. How good would it be if you could claim every single charge back in one big bulk? No I'm not joking it is possible and you can apply today. There are lots of companies out there today that will help you reclaim those bank charges. With some banks they can charge up to £40 for overdrafts or bounced cheques or failed direct debits, thousands of people every month is fighting to get them back. Are you going to be one of them?
One out of five bank customers have experienced these disgusting charges me being one of them and because people think that banks are in an "authoritative" position they think it is the banks legal right to do so. But this is wrong. I went to the bank the other day to find that my direct debits went out and I was £1 over and I was charged £32 and then a further £30 at the end of the month for going overdrawn in the first place! That is a pure rip-off! I think banks charge too much over minor difficulties.
Can you imagine a single mother of 3 going to collect her children's benefits etc that pay to feed her children and put clothes on their back, then going to her bank to find £60 plus gone which would pay for food for 3-4 days just because she was a couple of pounds off of her direct debit/ overdraft amount. They are in theory taking food out of these children's mouth and should be ashamed of themselves.
Banks in general should be more sympathetic especially during the credit crunch, some people get in major debt over bank charges. Now it's your turn to take charge of your bank and be one of the thousands to claim all your money back that is rightly yours. Many people have succeeded in reclaiming thousands of pounds, but you have to be quick as the majority of reclaim company's can only go back 6 years. Why don't you try claiming? What is there to lose?
For more information please visit: [http://www.stayinbritain.co.uk/info/bank-smart.aspx]http://www.stayinbritain.co.uk/info/bank-smart.aspx.
Lucy Lewis is new at writing articles, with her charming and inquisitive mind she wants to explore the literacy world in a whole different light. So watch out for further articles.
Article Source: http://EzineArticles.com/?expert=Lucy_Lewis http://EzineArticles.com/?Reclaim-Your-Bank-Charges-Today&id=2373337
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Are You Getting the Right Debt Advice?
By Melanie Taylor
Struggling with debt can be a difficult and stressful
situation, and it's easy to feel like you will never be able to
find a way out.
More and more people are getting into trouble with debt these
days, yet many are unaware of what help is available. In
reality, even people with severe debt problems can get help from
a professional debt adviser.
Importance of good debt advice
If you ever find yourself having problems with your debts, then
you should contact a professional debt adviser as soon as
possible. Since the interest on debt often means it grows very
quickly, putting it off can result in you paying a lot more
overall.
How can a good debt adviser help me?
General debt help
In a lot of cases, simple debt advice is all it takes. If you
have trouble managing your money, you're not alone - many people
have this problem, and it's not unusual for it to lead to debt
problems.
Your debt adviser may be able to recommend a few changes in
your spending that could help you to get back on track. Equally,
they may help you to set up a budget, so you can make sure
you're aware of how much money is needed for each of your
commitments, and how much you have left to spend as you wish.
If the situation has become more serious, and your debts are
becoming unmanageable, then your debt adviser may recommend a
debt solution that could help your situation.
What debt solutions are available?
There are a number of debt solutions available that can help
people in various situations. Your debt adviser can help you to
decide which (if any) is best for you.
Debt consolidation loan
A debt consolidation loan is typically for people who have
relatively manageable debts, but would like to simplify their
finances and/or reduce their outgoings. It is essentially a new
loan that pays off your existing debts, ending your ties to your
original creditors and consolidating those debts into one
convenient monthly payment.
Many people with a debt consolidation loan choose to reduce the
amount they pay each month by spreading their repayments out. If
you choose to do this, be aware that because you will pay
interest for longer, you may end up paying more overall.
However, it's still possible to save money if you consolidate
high-interest debts, such as credit cards. So long as the
interest on the debt consolidation is lower, you could save
money, although a longer repayment period may limit the amount
you save.
Debt Management Plan
For debts that have become unmanageable under the existing
terms, a debt management plan is an informal arrangement with
your creditors that can allow you to repay your debts at a more
manageable pace.
As well as reducing the amount you will pay each month, you may
be able to negotiate a reduction or freeze in interest and other
charges, which can prevent the debt from growing - or at least
slow down the rate at which it's increasing.
However, be aware that repaying any debt more slowly will take
longer and can cost more, as it'll have longer to attract
interest. This is why it's important to work closely with a debt
adviser to ensure that your repayments are affordable, while
still allowing you to repay what you owe.
IVA (Individual Voluntary Arrangement)
If your debts have become so unmanageable that you don't think
you will ever be able to repay them in full, an IVA could help
you to avoid bankruptcy by agreeing to pay a set percentage of
your debt to your creditors, after which the remaining debt will
be written off.
You will make monthly payments to your Insolvency Practitioner,
who will subsequently distribute it among your creditors as
agreed. This will usually continue for five years, and on
successful completion you will be legally debt-free.
There are some things to consider before entering into an IVA,
though. You may be expected to give up a portion of any increase
in income earned during your IVA (including pay rises and
bonuses), and if you are a homeowner, you may also be expected
to release some of the equity in your home in the 54th month of
the IVA.
Although an IVA is typically considered preferable to
bankruptcy, there are some cases in which bankruptcy is the more
beneficial option. Your debt adviser will offer advice on the
best choice for your particular needs.
About the Author: For more information on debt advice including
debt consolidation, debt management and IVAs visit
http://www.debtadvisersdirect.com
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=379509&ca=Finances
Save This Page
Struggling with debt can be a difficult and stressful
situation, and it's easy to feel like you will never be able to
find a way out.
More and more people are getting into trouble with debt these
days, yet many are unaware of what help is available. In
reality, even people with severe debt problems can get help from
a professional debt adviser.
Importance of good debt advice
If you ever find yourself having problems with your debts, then
you should contact a professional debt adviser as soon as
possible. Since the interest on debt often means it grows very
quickly, putting it off can result in you paying a lot more
overall.
How can a good debt adviser help me?
General debt help
In a lot of cases, simple debt advice is all it takes. If you
have trouble managing your money, you're not alone - many people
have this problem, and it's not unusual for it to lead to debt
problems.
Your debt adviser may be able to recommend a few changes in
your spending that could help you to get back on track. Equally,
they may help you to set up a budget, so you can make sure
you're aware of how much money is needed for each of your
commitments, and how much you have left to spend as you wish.
If the situation has become more serious, and your debts are
becoming unmanageable, then your debt adviser may recommend a
debt solution that could help your situation.
What debt solutions are available?
There are a number of debt solutions available that can help
people in various situations. Your debt adviser can help you to
decide which (if any) is best for you.
Debt consolidation loan
A debt consolidation loan is typically for people who have
relatively manageable debts, but would like to simplify their
finances and/or reduce their outgoings. It is essentially a new
loan that pays off your existing debts, ending your ties to your
original creditors and consolidating those debts into one
convenient monthly payment.
Many people with a debt consolidation loan choose to reduce the
amount they pay each month by spreading their repayments out. If
you choose to do this, be aware that because you will pay
interest for longer, you may end up paying more overall.
However, it's still possible to save money if you consolidate
high-interest debts, such as credit cards. So long as the
interest on the debt consolidation is lower, you could save
money, although a longer repayment period may limit the amount
you save.
Debt Management Plan
For debts that have become unmanageable under the existing
terms, a debt management plan is an informal arrangement with
your creditors that can allow you to repay your debts at a more
manageable pace.
As well as reducing the amount you will pay each month, you may
be able to negotiate a reduction or freeze in interest and other
charges, which can prevent the debt from growing - or at least
slow down the rate at which it's increasing.
However, be aware that repaying any debt more slowly will take
longer and can cost more, as it'll have longer to attract
interest. This is why it's important to work closely with a debt
adviser to ensure that your repayments are affordable, while
still allowing you to repay what you owe.
IVA (Individual Voluntary Arrangement)
If your debts have become so unmanageable that you don't think
you will ever be able to repay them in full, an IVA could help
you to avoid bankruptcy by agreeing to pay a set percentage of
your debt to your creditors, after which the remaining debt will
be written off.
You will make monthly payments to your Insolvency Practitioner,
who will subsequently distribute it among your creditors as
agreed. This will usually continue for five years, and on
successful completion you will be legally debt-free.
There are some things to consider before entering into an IVA,
though. You may be expected to give up a portion of any increase
in income earned during your IVA (including pay rises and
bonuses), and if you are a homeowner, you may also be expected
to release some of the equity in your home in the 54th month of
the IVA.
Although an IVA is typically considered preferable to
bankruptcy, there are some cases in which bankruptcy is the more
beneficial option. Your debt adviser will offer advice on the
best choice for your particular needs.
About the Author: For more information on debt advice including
debt consolidation, debt management and IVAs visit
http://www.debtadvisersdirect.com
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=379509&ca=Finances
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Served With Summons From Collection Agency For Credit Card Debt? Answer It!
Served With Summons From Collection Agency For Credit Card Debt? Answer It!
By [http://ezinearticles.com/?expert=Deborah_Piersma]Deborah Piersma
If you cannot afford a Lawyer and need help Answering Your Summons visit my website: http://www.howtoanswerasummons.com for help! http://www.howtoanswerasummons.com
Step by Step Information to Answer their Summons and make them go away!
Article Source: http://EzineArticles.com/?expert=Deborah_Piersma [http://ezinearticles.com/?Served-With-Summons-From-Collection-Agency-For-Credit-Card-Debt?-Answer-It!&id=2257226 ]http://EzineArticles.com/?Served-With-Summons-From-Collection-Agency-For-Credit-Card-Debt?-Answer-It!&id=2257226
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By [http://ezinearticles.com/?expert=Deborah_Piersma]Deborah Piersma
They've got literally hundreds of thousands of defaulted credit card accounts in their possession.
You to them are just a number.
They don't care what they do or how they do it they just want to make thousands of dollars off of the pennies they paid on your account. This includes tons of FDCPA Violations against them.
You get an attorney they may go away. You cannot afford an attorney they are hungry for that Default Judgment.
So what do they do?
Some send you threatening letters which some people decide to ignore ... some people don't ignore those letters and send Debt Validation Letters to the Junk Debt Buyer.
How does the Junk Debt Buyer respond?
Most like to answer your Debt Validation letter with a Summons and Complaint.
Yes, you should always send a Debt Validation Letter. And you should always send it Certified Mail with Return Receipt. Why? This is your proof that you sent it and if they don't respond to it they are in Violation of the FDCPA and you can countersue them for $1000.
Below is only my past experiences:
I took every single letter that I was receiving from Collection Agencies and JDB's and threw them out.
I then learned that you should send a Debt Validation Letter. I did this twice and both times I GOT A REPLY from them which was a SUMMONS.
It's almost as if they said GREAT! He or She lives there, he or she answered, now we can sue him or her!
Legally, they are suppose to respond to my Debt Validation Letter. Most, again DO NOT instead they sue you. Hoping you have no clue about the FDCPA and Countersuits.
What a JDB thinks is this for example:
You owed $1400 on a Credit Card and Defaulted. They bought it for $12.00. YEP $12 measily BUCKS!
They find out where you live, get a response, sue you or get no response and sue you anyways. Most of them will sue you if they know you have a job or assets (property) in your county.
They basically scrub you out to see if your worth the money to file the suit against so they can collect.
So now they bought this debt for $12.00 and are suing you for the $1400 plus interest of let's say $2500 plus late fees, attorney costs ETC.. now they've racked up a big fat bill of about what? $5,000.00 PLUS?
They throw all this onto a summons and claim you owe them all this money. 95% don't have any proof.
They then hope that you are scared and don't show up for court and they get a Default Judgment against you.
Their lawsuit is a basic scare tactic. Hoping you just don't answer your summons and win that Default and come after you.
If you didn't answer the Summons..WELL now...YOU LOST!!!
With the Default Judgment in hand you now owe them $5,000.00 and they can legally collect it.
They will send Interrogatories around to the banks in your area until that one bank send it back saying YES John Doe does have an account here.
Next thing you know your bank account is frozen.
The Sheriff is at the door with a Court Order for a Garnishment Hearing. Or a Garnishment Hearing appears in your Mailbox which you DO HAVE to show up for.
So, now these guys got your bank account frozen for the $5k you owe them plus they'll take a chunk of your weekly pay check.
They DO NOT CARE. They just made a nice $4,888.00 Profit off of your stupidity of not answering that summons.
Now, I have expressed this over and over again I DID NOT know what I was doing either. Was I scared? Absolutely. But I have learned so much about JDB's and Collection Agencies that I'm not scared any more.
As I said above we are all just a number to these companies.
When you Answer Your Court Summons you TICK THEM OFF.
Now you have blocked them from that Default Judgment. That is, only if you DENIED every single count against you on the Complaint.
If you admit to any of the Counts on the Complaint what they will do next is file a Summary Judgment and probably win it. Because, you admitted you owed them money or it's your account. Regardless you admitted it's your debt and they'll win it.
You have to be thinking when you get the summons...did you ever receive anything in the mail from the Junk Debt Buyer showing you that they legally now own this default account? That is called the Assignment.
Well, these guys will claim that they sent you a copy of that Assignment when they bought the account off of whatever bank.
You need to think, is this it? Just a few paragraphs and you want me to pay you $5000.00 because you say so?
Where is the proof of Assignment? Meaning show me that you have the right to collect this debt. So that is what they mean by Real Party in Interest. That the Plaintiff listed on your Complaint has the Legal Rights to sue you. That is proven by showing you and the court a copy of the Assignment they received from the Original Creditor.
Now, was that attached to the Complaint? Does your Local Court Rules say that it needs to be attached to the Complaint?
How about the Contract? Was that attached to the complaint? Do your local court rules say it needs to be?
Would you believe some guy named Joe who came knocking on your door and said hey buddy you owe me $5000.00. Would you pay him just because he said so?
Same thing with these Credit Card Lawsuits. The proof is on the Plaintiff. You say I owe you $5000.00 well buddy I'm going to MAKE YOU PROVE IT.
They will mess up somewhere in here some how, if they have not done so already.
For instance in Indiana if I got sued by a Credit Card company and they did not have the Contract and Assignment attached to the Complaint I would file a Motion to Dismiss and win. I would only get it dismissed without prejudice and they would be allowed 20-30 days to amend the complaint. What that means is they can re-file the same lawsuit and attach the contract and assignment and it's a go.
If they don't comply within the time allowed, I would then file a Motion to Dismiss with Prejudice because they were given time to Amend and failed to do so. And I'd win.
NOW does your court allow you to File a Motion to Dismiss in lieu of an answer? Meaning, you found all kinds of things wrong, things that they did that did not comply with your Court Rules?
That is where you start.
Answer your SUMMONS plain and simple. Ignoring the Summons will cost you alot more than the money you owe them. It can ruin your life, freeze your accounts and garnish your wages.
Ask yourself this: Is it really worth not Answering it?
You to them are just a number.
They don't care what they do or how they do it they just want to make thousands of dollars off of the pennies they paid on your account. This includes tons of FDCPA Violations against them.
You get an attorney they may go away. You cannot afford an attorney they are hungry for that Default Judgment.
So what do they do?
Some send you threatening letters which some people decide to ignore ... some people don't ignore those letters and send Debt Validation Letters to the Junk Debt Buyer.
How does the Junk Debt Buyer respond?
Most like to answer your Debt Validation letter with a Summons and Complaint.
Yes, you should always send a Debt Validation Letter. And you should always send it Certified Mail with Return Receipt. Why? This is your proof that you sent it and if they don't respond to it they are in Violation of the FDCPA and you can countersue them for $1000.
Below is only my past experiences:
I took every single letter that I was receiving from Collection Agencies and JDB's and threw them out.
I then learned that you should send a Debt Validation Letter. I did this twice and both times I GOT A REPLY from them which was a SUMMONS.
It's almost as if they said GREAT! He or She lives there, he or she answered, now we can sue him or her!
Legally, they are suppose to respond to my Debt Validation Letter. Most, again DO NOT instead they sue you. Hoping you have no clue about the FDCPA and Countersuits.
What a JDB thinks is this for example:
You owed $1400 on a Credit Card and Defaulted. They bought it for $12.00. YEP $12 measily BUCKS!
They find out where you live, get a response, sue you or get no response and sue you anyways. Most of them will sue you if they know you have a job or assets (property) in your county.
They basically scrub you out to see if your worth the money to file the suit against so they can collect.
So now they bought this debt for $12.00 and are suing you for the $1400 plus interest of let's say $2500 plus late fees, attorney costs ETC.. now they've racked up a big fat bill of about what? $5,000.00 PLUS?
They throw all this onto a summons and claim you owe them all this money. 95% don't have any proof.
They then hope that you are scared and don't show up for court and they get a Default Judgment against you.
Their lawsuit is a basic scare tactic. Hoping you just don't answer your summons and win that Default and come after you.
If you didn't answer the Summons..WELL now...YOU LOST!!!
With the Default Judgment in hand you now owe them $5,000.00 and they can legally collect it.
They will send Interrogatories around to the banks in your area until that one bank send it back saying YES John Doe does have an account here.
Next thing you know your bank account is frozen.
The Sheriff is at the door with a Court Order for a Garnishment Hearing. Or a Garnishment Hearing appears in your Mailbox which you DO HAVE to show up for.
So, now these guys got your bank account frozen for the $5k you owe them plus they'll take a chunk of your weekly pay check.
They DO NOT CARE. They just made a nice $4,888.00 Profit off of your stupidity of not answering that summons.
Now, I have expressed this over and over again I DID NOT know what I was doing either. Was I scared? Absolutely. But I have learned so much about JDB's and Collection Agencies that I'm not scared any more.
As I said above we are all just a number to these companies.
When you Answer Your Court Summons you TICK THEM OFF.
Now you have blocked them from that Default Judgment. That is, only if you DENIED every single count against you on the Complaint.
If you admit to any of the Counts on the Complaint what they will do next is file a Summary Judgment and probably win it. Because, you admitted you owed them money or it's your account. Regardless you admitted it's your debt and they'll win it.
You have to be thinking when you get the summons...did you ever receive anything in the mail from the Junk Debt Buyer showing you that they legally now own this default account? That is called the Assignment.
Well, these guys will claim that they sent you a copy of that Assignment when they bought the account off of whatever bank.
You need to think, is this it? Just a few paragraphs and you want me to pay you $5000.00 because you say so?
Where is the proof of Assignment? Meaning show me that you have the right to collect this debt. So that is what they mean by Real Party in Interest. That the Plaintiff listed on your Complaint has the Legal Rights to sue you. That is proven by showing you and the court a copy of the Assignment they received from the Original Creditor.
Now, was that attached to the Complaint? Does your Local Court Rules say that it needs to be attached to the Complaint?
How about the Contract? Was that attached to the complaint? Do your local court rules say it needs to be?
Would you believe some guy named Joe who came knocking on your door and said hey buddy you owe me $5000.00. Would you pay him just because he said so?
Same thing with these Credit Card Lawsuits. The proof is on the Plaintiff. You say I owe you $5000.00 well buddy I'm going to MAKE YOU PROVE IT.
They will mess up somewhere in here some how, if they have not done so already.
For instance in Indiana if I got sued by a Credit Card company and they did not have the Contract and Assignment attached to the Complaint I would file a Motion to Dismiss and win. I would only get it dismissed without prejudice and they would be allowed 20-30 days to amend the complaint. What that means is they can re-file the same lawsuit and attach the contract and assignment and it's a go.
If they don't comply within the time allowed, I would then file a Motion to Dismiss with Prejudice because they were given time to Amend and failed to do so. And I'd win.
NOW does your court allow you to File a Motion to Dismiss in lieu of an answer? Meaning, you found all kinds of things wrong, things that they did that did not comply with your Court Rules?
That is where you start.
Answer your SUMMONS plain and simple. Ignoring the Summons will cost you alot more than the money you owe them. It can ruin your life, freeze your accounts and garnish your wages.
Ask yourself this: Is it really worth not Answering it?
If you cannot afford a Lawyer and need help Answering Your Summons visit my website: http://www.howtoanswerasummons.com for help! http://www.howtoanswerasummons.com
Step by Step Information to Answer their Summons and make them go away!
Article Source: http://EzineArticles.com/?expert=Deborah_Piersma [http://ezinearticles.com/?Served-With-Summons-From-Collection-Agency-For-Credit-Card-Debt?-Answer-It!&id=2257226 ]http://EzineArticles.com/?Served-With-Summons-From-Collection-Agency-For-Credit-Card-Debt?-Answer-It!&id=2257226
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Financial Planning - Goal Setting Guide
Financial Planning - Goal Setting Guide
By [http://ezinearticles.com/?expert=Gary_A_Lewis]Gary A Lewis
More often than not, Financial Planning clients need help in defining their goals. Here is a list of questions designed to think about your personal financial planning objectives.
Cash Flow:
1. Do you have a budget that you follow regularly?
2. Do you spend all of the money that you earn?
3. Do you save money regularly? How much? How often?
4. Do you have a savings account that you use only for emergencies?
5. Do you want to improve your standard of living?
6. Do you use credit cards? Do you have credit problems?
Think about these questions and then determine if you need to set Cash Flow Goals.
Possible Cash Flow Goals:
We recommend that you have an Emergency Reserve Fund of at least three months of your regular expenses? Do you have a cash reserve?
Are you saving for future major purchases? Special vacation, second home, college for your children, wedding expenses for your children, gifts to relatives? Have you started saving for these goals? Do you know how to start?
How are your investments positioned? Do you have too much cash? Do you know how to invest? Do you know what rates of return you are receiving on your savings or investments? Do you need help in this area?
Protection Needs:
1. Do you have adequate health insurance?
2. Do you have salary continuance in case you become disabled?
3. Who will care for you if you become disabled or mentally incompetent?
4. Do you have legal documents in place that will appoint someone to handle your affairs in the event you somehow become incapacitated?
5. Have you appointed a guardian for your children should something happen to you and yoru spouse?
6. Do you have adequate life insurance to take care of the needs of your survivors should you die prematurely?
Protection Needs involve insurance and legal advice. Do you have othe advisors who you have worked with in addressing the above issues?
Possible Protection Needs Goals:
Review my health, disability, long term care and life insurance policies to understand what I currently have and what options are available. As mortality tables have recently changed, some insurance premiums have gone down. You might be able to save money by switching policies.
Understand disability insurance. Insist on owning "own occupation" insurance as social security and other forms of disability my not pay out as you expect.
Review my estate planning documents. Be sure that my Will, Living Will, Power of Attorney, Health Care Proxy and other important documents reflect my wishes. Be sure to have contingent agents for your powers of attorney. If you are a parent of minor children, be sure to address guardianship issues.
Retirement Planning:
1. When do you expect to retire?
2. How long do you expect to live? What age will be be?
3. How much money will you need to have when you retire?
4. Are you worried that you may outlive your savings?
5. Are you actively saving now for your retirement?
6. Do you know how to start?
Briefly describe how you envision your retirement. What are you going to need to achieve financial independence?
Reviewing and thinking about these questions will help you no matter if you hire a professional to do your comprehensive financial plan or you want to do it yourself. While comprehensive financial plans can cost anywhere from $1,000 to $20,000 if done by professionals, you can find help in developing your own plan at [http://www.assetdesigncenter.com/]Free Financial Planning Advice.
Gary Lewis' ideas incorporate more than 30 years working with investments including 20 years experience in the derivatives industry and 10 years as a fee-only comprehensive financial planner. He specializes in designing portfolios that meet the client's required rate of return with a minimum level of volatility.
Gary holds the CFP® and ChFC designations and earned a Master of Management (MM) degree in finance from Northwestern University. He currently resides in Mexico City.
Article Source: http://EzineArticles.com/?expert=Gary_A_Lewis http://EzineArticles.com/?Financial-Planning---Goal-Setting-Guide&id=2236312
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By [http://ezinearticles.com/?expert=Gary_A_Lewis]Gary A Lewis
More often than not, Financial Planning clients need help in defining their goals. Here is a list of questions designed to think about your personal financial planning objectives.
Cash Flow:
1. Do you have a budget that you follow regularly?
2. Do you spend all of the money that you earn?
3. Do you save money regularly? How much? How often?
4. Do you have a savings account that you use only for emergencies?
5. Do you want to improve your standard of living?
6. Do you use credit cards? Do you have credit problems?
Think about these questions and then determine if you need to set Cash Flow Goals.
Possible Cash Flow Goals:
We recommend that you have an Emergency Reserve Fund of at least three months of your regular expenses? Do you have a cash reserve?
Are you saving for future major purchases? Special vacation, second home, college for your children, wedding expenses for your children, gifts to relatives? Have you started saving for these goals? Do you know how to start?
How are your investments positioned? Do you have too much cash? Do you know how to invest? Do you know what rates of return you are receiving on your savings or investments? Do you need help in this area?
Protection Needs:
1. Do you have adequate health insurance?
2. Do you have salary continuance in case you become disabled?
3. Who will care for you if you become disabled or mentally incompetent?
4. Do you have legal documents in place that will appoint someone to handle your affairs in the event you somehow become incapacitated?
5. Have you appointed a guardian for your children should something happen to you and yoru spouse?
6. Do you have adequate life insurance to take care of the needs of your survivors should you die prematurely?
Protection Needs involve insurance and legal advice. Do you have othe advisors who you have worked with in addressing the above issues?
Possible Protection Needs Goals:
Review my health, disability, long term care and life insurance policies to understand what I currently have and what options are available. As mortality tables have recently changed, some insurance premiums have gone down. You might be able to save money by switching policies.
Understand disability insurance. Insist on owning "own occupation" insurance as social security and other forms of disability my not pay out as you expect.
Review my estate planning documents. Be sure that my Will, Living Will, Power of Attorney, Health Care Proxy and other important documents reflect my wishes. Be sure to have contingent agents for your powers of attorney. If you are a parent of minor children, be sure to address guardianship issues.
Retirement Planning:
1. When do you expect to retire?
2. How long do you expect to live? What age will be be?
3. How much money will you need to have when you retire?
4. Are you worried that you may outlive your savings?
5. Are you actively saving now for your retirement?
6. Do you know how to start?
Briefly describe how you envision your retirement. What are you going to need to achieve financial independence?
Reviewing and thinking about these questions will help you no matter if you hire a professional to do your comprehensive financial plan or you want to do it yourself. While comprehensive financial plans can cost anywhere from $1,000 to $20,000 if done by professionals, you can find help in developing your own plan at [http://www.assetdesigncenter.com/]Free Financial Planning Advice.
Gary Lewis' ideas incorporate more than 30 years working with investments including 20 years experience in the derivatives industry and 10 years as a fee-only comprehensive financial planner. He specializes in designing portfolios that meet the client's required rate of return with a minimum level of volatility.
Gary holds the CFP® and ChFC designations and earned a Master of Management (MM) degree in finance from Northwestern University. He currently resides in Mexico City.
Article Source: http://EzineArticles.com/?expert=Gary_A_Lewis http://EzineArticles.com/?Financial-Planning---Goal-Setting-Guide&id=2236312
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Your FICO Scores - Changes in 2009
Your FICO Scores - Changes in 2009
By [http://ezinearticles.com/?expert=John_Rasor]John Rasor
The FICO score has long been the standard used by banks and other financial institutions to determine your credit worthiness. It is compiled using a complex system that measures things such the amount of credit you have available to you, the amount of credit you're using, how long you've had credit with a given provider, and how faithful you are about paying your accounts on time.
Each of the three major credit bureaus: Experian, TransUnion, and Equifax compiles a FICO score based on the information in their databases, and following the scoring system set forth by Fair Isaac Corporation. Your mortgage lender will ask for all 3 scores and then will generally take the middle number to use when determining how much credit you can have, and at what interest rate.
Until February 14 of this year, consumers were able to purchase the same scores through a website called myFICO.com. Now, because of a disagreement between FICO and Experian, the Experian FICO score will only be sold to financial institutions - not directly to consumers.
The second change involves a new scoring system that FICO rolled out in January. The new system, called "FICO Risk Score, Classic 08," is supposed to present a more realistic picture of the risk posed by subprime borrowers and people with short credit histories.
Under the new system, people with only one or two minor infractions on their credit will be given more favorable treatment than those who have a history of late payments and/or defaults. In addition, collections with an original value of $100 or less will not be counted under the new system.
A change that favors new borrowers is the return to counting "authorized use" of a parent or sibling's credit card when trying to build or rebuild credit. This practice, called "piggybacking," had fallen out of use after being subjected to abuse. (A few enterprising companies had figured out how to sell "authorized use.") Now FICO says it has technology that will help lenders see if an authorized use is legitimate before considering it as part of an overall credit profile.
The problem with this new scoring system is that only TransUnion will be offering it in the immediate future. Thus many lenders won't be using it. They want to wait until all three credit bureaus are on board with it so that all the scores they use will be based on the same criteria.
According to industry experts, the new system will raise or lower individual scores by as much as 20 points, which could cause considerable confusion when using old and new systems together. http://www.creditscorecowboy.com is the #1 source on the planet for a free credit report, identity theft software and a blog with a wealth of information writtten by lending professionals that know about credit and what determines ones creditworthiness.
The FICO score has long been the standard used by banks and other financial institutions to determine your credit worthiness. It is compiled using a complex system that measures things such the amount of credit you have available to you, the amount of credit you're using, how long you've had credit with a given provider, and how faithful you are about paying your accounts on time.
Article Source: http://EzineArticles.com/?expert=John_Rasor http://EzineArticles.com/?Your-FICO-Scores---Changes-in-2009&id=2154081
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By [http://ezinearticles.com/?expert=John_Rasor]John Rasor
The FICO score has long been the standard used by banks and other financial institutions to determine your credit worthiness. It is compiled using a complex system that measures things such the amount of credit you have available to you, the amount of credit you're using, how long you've had credit with a given provider, and how faithful you are about paying your accounts on time.
Each of the three major credit bureaus: Experian, TransUnion, and Equifax compiles a FICO score based on the information in their databases, and following the scoring system set forth by Fair Isaac Corporation. Your mortgage lender will ask for all 3 scores and then will generally take the middle number to use when determining how much credit you can have, and at what interest rate.
Until February 14 of this year, consumers were able to purchase the same scores through a website called myFICO.com. Now, because of a disagreement between FICO and Experian, the Experian FICO score will only be sold to financial institutions - not directly to consumers.
The second change involves a new scoring system that FICO rolled out in January. The new system, called "FICO Risk Score, Classic 08," is supposed to present a more realistic picture of the risk posed by subprime borrowers and people with short credit histories.
Under the new system, people with only one or two minor infractions on their credit will be given more favorable treatment than those who have a history of late payments and/or defaults. In addition, collections with an original value of $100 or less will not be counted under the new system.
A change that favors new borrowers is the return to counting "authorized use" of a parent or sibling's credit card when trying to build or rebuild credit. This practice, called "piggybacking," had fallen out of use after being subjected to abuse. (A few enterprising companies had figured out how to sell "authorized use.") Now FICO says it has technology that will help lenders see if an authorized use is legitimate before considering it as part of an overall credit profile.
The problem with this new scoring system is that only TransUnion will be offering it in the immediate future. Thus many lenders won't be using it. They want to wait until all three credit bureaus are on board with it so that all the scores they use will be based on the same criteria.
According to industry experts, the new system will raise or lower individual scores by as much as 20 points, which could cause considerable confusion when using old and new systems together. http://www.creditscorecowboy.com is the #1 source on the planet for a free credit report, identity theft software and a blog with a wealth of information writtten by lending professionals that know about credit and what determines ones creditworthiness.
The FICO score has long been the standard used by banks and other financial institutions to determine your credit worthiness. It is compiled using a complex system that measures things such the amount of credit you have available to you, the amount of credit you're using, how long you've had credit with a given provider, and how faithful you are about paying your accounts on time.
Article Source: http://EzineArticles.com/?expert=John_Rasor http://EzineArticles.com/?Your-FICO-Scores---Changes-in-2009&id=2154081
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Getting Your Money in Order - Step 1 - Your Credit Score
Getting Your Money in Order - Step 1 - Your Credit Score
By [http://ezinearticles.com/?expert=Ryan_J._Taylor]Ryan J. Taylor
Your credit score and credit report may be the most important piece of financial information. It can make life difficult, or your score can make life very easy. For those trying to save money, knowing your score can drastically reduce your monthly payments, and for those shopping for a new car it can be a tremendous help.
What most people don't realize is that your credit has a lot more to do with your life than just getting approved for a loan or mortgage. It plays a big part in the amount you pay on your auto insurance, and it can even help or hurt you in you professional life at the workplace. By understanding where your score stands in comparison to the national average, there are many things you can do with that information to improve your overall money situation.
Those who have a better than average credit score, for instance, can take the role of an informed consumer, pick up the phone and negotiate better rates on loans, credit cards and auto insurance. Others can use the information on hand to quickly improve their credit and increase their score.
Did you know that there's a very good chance that your credit report contains information that doesn't belong there. The credit reporting agencies are not perfect, and it is not uncommon for them to list negative items, accounts in collections, and bankruptcy filings that don't even exist. This is information that is hurting millions of people and they don't even know it. But by taking just a minute to review this information online, you can clear any of these negative marks and get the score you deserve.
Your credit score and credit report may be the most important piece of financial information. It can make life difficult, or your score can make life very easy. For those trying to save money, knowing your score can drastically reduce your monthly payments, and for those shopping for a new car it can be a tremendous help.
Review Your Personal Credit Score
Take 45 seconds to see how you compare to the national average at http://www.thecreditfix.info
Article Source: http://EzineArticles.com/?expert=Ryan_J._Taylor http://EzineArticles.com/?Getting-Your-Money-in-Order---Step-1---Your-Credit-Score&id=2133634
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By [http://ezinearticles.com/?expert=Ryan_J._Taylor]Ryan J. Taylor
Your credit score and credit report may be the most important piece of financial information. It can make life difficult, or your score can make life very easy. For those trying to save money, knowing your score can drastically reduce your monthly payments, and for those shopping for a new car it can be a tremendous help.
What most people don't realize is that your credit has a lot more to do with your life than just getting approved for a loan or mortgage. It plays a big part in the amount you pay on your auto insurance, and it can even help or hurt you in you professional life at the workplace. By understanding where your score stands in comparison to the national average, there are many things you can do with that information to improve your overall money situation.
Those who have a better than average credit score, for instance, can take the role of an informed consumer, pick up the phone and negotiate better rates on loans, credit cards and auto insurance. Others can use the information on hand to quickly improve their credit and increase their score.
Did you know that there's a very good chance that your credit report contains information that doesn't belong there. The credit reporting agencies are not perfect, and it is not uncommon for them to list negative items, accounts in collections, and bankruptcy filings that don't even exist. This is information that is hurting millions of people and they don't even know it. But by taking just a minute to review this information online, you can clear any of these negative marks and get the score you deserve.
Your credit score and credit report may be the most important piece of financial information. It can make life difficult, or your score can make life very easy. For those trying to save money, knowing your score can drastically reduce your monthly payments, and for those shopping for a new car it can be a tremendous help.
Review Your Personal Credit Score
Take 45 seconds to see how you compare to the national average at http://www.thecreditfix.info
Article Source: http://EzineArticles.com/?expert=Ryan_J._Taylor http://EzineArticles.com/?Getting-Your-Money-in-Order---Step-1---Your-Credit-Score&id=2133634
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Fast Cash For Unemployed
Now unemployment is no more a worse situation in anybodies life. Fast cash for unemployed provide you sufficient amount, which can be sufficient to take care of your needs and desires. Credit history also is not a problem to avail cash. You can avail the cash without credit checking history and without any tension.
Fast Cash For Unemployed - To Get the Cash, Make Your Way Clear
By [http://ezinearticles.com/?expert=Brooke_Hokin]Brooke Hokin
Fast cash for unemployed are designed for propel, who don't have any source of income and are fighting with the worst part of your life. There are many needs, which they have to face like electric bills, water supply bills, telephone/mobile bills, laundry bills, medical treatment, repair the car, home rent, purchase the some articles to decorate the home in any occasion or festival, arrange the marriage party or birthday party etc. but Now no need to fight this problem because there are the best option for unemployed people. To avail fast for unemployed, you can solve your all-financial problems.
If you are also one of them, you can also get fast cash for unemployed. Unemployed might be like an obstacle in your life for availing financial support from any of the financial institutions. Now you can easily access funds with Unemployed loans but you have to meet some simple requirements. These are as follows:
• You must be adult 18 years old or above.
• You must have valid or active checking account under your name in any reputed bank in UK.
• You must be UK citizenship.
• You must have permanent residential address for last 1 year.
• Account must be not less then 3 to 6 month old.
• Your earning must be at least £1000 per month.
If you fulfill the certain requirements of fast cash for unemployed, you can avail the loan in very simple way. Fast cash for unemployed are beneficial loan for unemployed people whether they have bad credit history or not. They can avail the loan. These loans are divide in two forms secured and unsecured loans. To avail the secured loans you are to pledge any valuable assets as a collateral security. You can get the amount ranges of these loans from £25000 to £75000 and the repayment duration is 1 to 25 years. In unsecured loans, you are no need to pledge any collateral. You can avail the loan without any pledging and without any faxing. These loans are the short-term loans. You can get the amount ranges from £5000 to 25000. The repayment duration is 1 to 10 years. The rate of interest of unsecured loan are bit higher compare of the other loans.
Brooke Hokin is a successful contributor to finance allied websites such as unemployed cash loans, which bestows information and advice about unemployed cash loans and ameliorating credit scores urgently. For more info same day cash loans for unemployed, [http://www.unemployedcashloans.co.uk/Fast-cash-loans-for-unemployed.html]Fast cash for unemployed, visit http://www.unemployedcashloans.co.uk
Article Source: http://EzineArticles.com/?expert=Brooke_Hokin http://EzineArticles.com/?Fast-Cash-For-Unemployed---To-Get-the-Cash,-Make-Your-Way-Clear&id=2092403
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Fast Cash For Unemployed - To Get the Cash, Make Your Way Clear
By [http://ezinearticles.com/?expert=Brooke_Hokin]Brooke Hokin
Fast cash for unemployed are designed for propel, who don't have any source of income and are fighting with the worst part of your life. There are many needs, which they have to face like electric bills, water supply bills, telephone/mobile bills, laundry bills, medical treatment, repair the car, home rent, purchase the some articles to decorate the home in any occasion or festival, arrange the marriage party or birthday party etc. but Now no need to fight this problem because there are the best option for unemployed people. To avail fast for unemployed, you can solve your all-financial problems.
If you are also one of them, you can also get fast cash for unemployed. Unemployed might be like an obstacle in your life for availing financial support from any of the financial institutions. Now you can easily access funds with Unemployed loans but you have to meet some simple requirements. These are as follows:
• You must be adult 18 years old or above.
• You must have valid or active checking account under your name in any reputed bank in UK.
• You must be UK citizenship.
• You must have permanent residential address for last 1 year.
• Account must be not less then 3 to 6 month old.
• Your earning must be at least £1000 per month.
If you fulfill the certain requirements of fast cash for unemployed, you can avail the loan in very simple way. Fast cash for unemployed are beneficial loan for unemployed people whether they have bad credit history or not. They can avail the loan. These loans are divide in two forms secured and unsecured loans. To avail the secured loans you are to pledge any valuable assets as a collateral security. You can get the amount ranges of these loans from £25000 to £75000 and the repayment duration is 1 to 25 years. In unsecured loans, you are no need to pledge any collateral. You can avail the loan without any pledging and without any faxing. These loans are the short-term loans. You can get the amount ranges from £5000 to 25000. The repayment duration is 1 to 10 years. The rate of interest of unsecured loan are bit higher compare of the other loans.
Brooke Hokin is a successful contributor to finance allied websites such as unemployed cash loans, which bestows information and advice about unemployed cash loans and ameliorating credit scores urgently. For more info same day cash loans for unemployed, [http://www.unemployedcashloans.co.uk/Fast-cash-loans-for-unemployed.html]Fast cash for unemployed, visit http://www.unemployedcashloans.co.uk
Article Source: http://EzineArticles.com/?expert=Brooke_Hokin http://EzineArticles.com/?Fast-Cash-For-Unemployed---To-Get-the-Cash,-Make-Your-Way-Clear&id=2092403
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Get Out of Debt - Money That Multiplies
Get Out of Debt - Money That Multiplies
By [http://ezinearticles.com/?expert=Wolfgang_O]Wolfgang O
Today we're going to talk about money that multiplies. It sounds like a crazy Ponzi scheme, but this money does exist. If you're like many modern Americans, you are living absolutely on the edge. You might make $9 an hour, or you might make $90,000 a year. That's not the issue. The issue is that, within a few days of depositing your paycheck, you're playing a bank fee avoidance game that can only get you in trouble. When you're hungry, you don't have enough money for a $150 grocery shopping trip, so you pick up a frozen dinner from the gas station on the way home.
If you are living on the edge, you might say that it's impossible to get ahead. You want to save, but you've heard that it makes no sense to save when you're paying on credit cards that are racking up interest charges. This is bad thinking.
Think about how many banking fees you've paid over the course of the last year. Maybe you only went negative once, and paid $30. Maybe you went over three times, and bounced another check each time, to the tune of $150. Or maybe you're really a habitual offender, bouncing a check every couple of weeks for a total of $625 a year.
What does this mean? This means that if you could just get enough savings to cover your bounced checks and automatic withdrawals, that money will multiply! Even if it means a month of eating Ramen noodles and peanut butter and jelly sandwiches, you have to figure out a way to set up a savings account with $100 in it. Then make sure you have overdraft protection. Ordinarily, I would advise that you just leave the $100 in checking, but in this case, it's worth paying for overdraft protection services, because you're less likely to succumb to temptation with the hundred bucks in a separate account.
It may not feel like it, but that $100 will pay for itself, many times over.
Learn more about strategies to [http://realestateinvestorcookbook.com/mediawiki/index.php/Get_Out_Of_Debt]Get Out Of Debt by increasing your income through debt-free [http://realestateinvestorcookbook.com/mediawiki/index.php/Real_Estate_Investing]Real Estate Investing
Article Source: http://EzineArticles.com/?expert=Wolfgang_O http://EzineArticles.com/?Get-Out-of-Debt---Money-That-Multiplies&id=2072320
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By [http://ezinearticles.com/?expert=Wolfgang_O]Wolfgang O
Today we're going to talk about money that multiplies. It sounds like a crazy Ponzi scheme, but this money does exist. If you're like many modern Americans, you are living absolutely on the edge. You might make $9 an hour, or you might make $90,000 a year. That's not the issue. The issue is that, within a few days of depositing your paycheck, you're playing a bank fee avoidance game that can only get you in trouble. When you're hungry, you don't have enough money for a $150 grocery shopping trip, so you pick up a frozen dinner from the gas station on the way home.
If you are living on the edge, you might say that it's impossible to get ahead. You want to save, but you've heard that it makes no sense to save when you're paying on credit cards that are racking up interest charges. This is bad thinking.
Think about how many banking fees you've paid over the course of the last year. Maybe you only went negative once, and paid $30. Maybe you went over three times, and bounced another check each time, to the tune of $150. Or maybe you're really a habitual offender, bouncing a check every couple of weeks for a total of $625 a year.
What does this mean? This means that if you could just get enough savings to cover your bounced checks and automatic withdrawals, that money will multiply! Even if it means a month of eating Ramen noodles and peanut butter and jelly sandwiches, you have to figure out a way to set up a savings account with $100 in it. Then make sure you have overdraft protection. Ordinarily, I would advise that you just leave the $100 in checking, but in this case, it's worth paying for overdraft protection services, because you're less likely to succumb to temptation with the hundred bucks in a separate account.
It may not feel like it, but that $100 will pay for itself, many times over.
Learn more about strategies to [http://realestateinvestorcookbook.com/mediawiki/index.php/Get_Out_Of_Debt]Get Out Of Debt by increasing your income through debt-free [http://realestateinvestorcookbook.com/mediawiki/index.php/Real_Estate_Investing]Real Estate Investing
Article Source: http://EzineArticles.com/?expert=Wolfgang_O http://EzineArticles.com/?Get-Out-of-Debt---Money-That-Multiplies&id=2072320
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The Basics of Credit Card Interest
The Basics of Credit Card Interest
By [http://ezinearticles.com/?expert=Aaron_Ballantyne]Aaron Ballantyne
Most people understand the basics of what credit cards are and how they work. If you ask individuals randomly to tell you what they know about credit cards they will say things like it is a piece of plastic you use to buy things. The majority of people also understand that you get charged interest on balances you carry over from month to month. What is less understood is the actual rate of interest. The rest of this article will help to explain about the interest rates that one pays on credit cards.
So what is the technical definition of a credit cards annal percentage rate or APR? The basic answer is it's the rate of interest that is charged by the card companies on the part of the balance you owe the card company that is not paid by the due date. For those who make a full payment are not charged interest. The actual interest rate is provided to the customers on every monthly statement. That number is the rate for the entire year which is converted to monthly rate by the credit card companies to compute the interest charged on unpaid balances.
The basic calculation of interest charged is as follows. First you take the balance owed and subtract the payment you make which equals the balance that the credit card company charges interest on. Next take the annual percentage rate and divide it by twelve which gives you the monthly interest rate. Finally all you need to do to come up with your interest charged is to multiply your monthly interest rate by the unpaid balance. Some companies might make the calculation slightly more complex by calculating and charging a daily rate of interest but except for very high balances the results will be close to the monthly rate calculation.
Most people understand the basics of what credit cards are and how they work. If you ask individuals randomly to tell you what they know about credit cards they will say things like it is a piece of plastic you use to buy things.
Did you find this article helpful? You can find more articles as well as applications for [http://www.signupforcreditcards.com]credit cards through the link.
Article Source: http://EzineArticles.com/?expert=Aaron_Ballantyne http://EzineArticles.com/?The-Basics-of-Credit-Card-Interest&id=2051893
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By [http://ezinearticles.com/?expert=Aaron_Ballantyne]Aaron Ballantyne
Most people understand the basics of what credit cards are and how they work. If you ask individuals randomly to tell you what they know about credit cards they will say things like it is a piece of plastic you use to buy things. The majority of people also understand that you get charged interest on balances you carry over from month to month. What is less understood is the actual rate of interest. The rest of this article will help to explain about the interest rates that one pays on credit cards.
So what is the technical definition of a credit cards annal percentage rate or APR? The basic answer is it's the rate of interest that is charged by the card companies on the part of the balance you owe the card company that is not paid by the due date. For those who make a full payment are not charged interest. The actual interest rate is provided to the customers on every monthly statement. That number is the rate for the entire year which is converted to monthly rate by the credit card companies to compute the interest charged on unpaid balances.
The basic calculation of interest charged is as follows. First you take the balance owed and subtract the payment you make which equals the balance that the credit card company charges interest on. Next take the annual percentage rate and divide it by twelve which gives you the monthly interest rate. Finally all you need to do to come up with your interest charged is to multiply your monthly interest rate by the unpaid balance. Some companies might make the calculation slightly more complex by calculating and charging a daily rate of interest but except for very high balances the results will be close to the monthly rate calculation.
Most people understand the basics of what credit cards are and how they work. If you ask individuals randomly to tell you what they know about credit cards they will say things like it is a piece of plastic you use to buy things.
Did you find this article helpful? You can find more articles as well as applications for [http://www.signupforcreditcards.com]credit cards through the link.
Article Source: http://EzineArticles.com/?expert=Aaron_Ballantyne http://EzineArticles.com/?The-Basics-of-Credit-Card-Interest&id=2051893
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Learn About the Loan Process
Learn About the Loan Process
By [http://ezinearticles.com/?expert=Michael_Redbourn]Michael Redbourn
The majority of people more than likely believe that the loan process is essentially a simple one and that there is fundamentally not much to learn about it. It is not simple however and knowing the ins and outs of the loans process will save the would be borrower lots of time and lots of money and will also help the loan processor to process the loan faster.
Let's Look At The Process Step By Step
The first thing the bank or loan company will require the loan applicant to do will be to complete a detailed application form and the first decision that the bank or loan company will make is to decide if the applicant is a high or low-risk borrower and will most likely add a credit score at that time.
The credit score will not only determine if you will get a loan but also the amount that you will be permitted to borrow and more than likely the interest rate too.
The size of the repayment then becomes a major factor along with the amount of time that you will be given to repay the loan and they both largely depend on whether the loan is to be a secured or unsecured one.
The credit process that is involved in getting an unsecured loan will generally be much quicker than for a secured one because the value of the collateral, be it real estate or an automobile will have to be checked by the loan officer.
The amount of money available to the lender will of course be much higher if the loan is secured and the interest will almost certainly be much lower, and in most cases someone with bad credit that has no collateral will not be offered more than a few thousand dollars which may of course be more than a little helpful if the person needs to make payments to prevent his credit rating from worsening even further or to pay for medical bills.
If you're turned down for a personal loan then the first thing you should check is your credit rating and a credit report can be easily obtained for just a few dollars from any one of a number of credit reference agencies.
Banks and loan companies seldom give a reason for declining a loan but it is generally because of a credit rating problem and if you see errors on your credit report then return to the bank and show them the discrepancies.
Check out the size of the early payment penalty that kicks in if you are able to pay the loan off early because it is often quite substantial and will vary from lender to lender.
Finally, the majority of loan applications can now be made and approved online so if you're in need of a loan then check some online companies and you should have the money you need within 24-48 hours.
The majority of people more than likely believe that the loan process is essentially a simple one and that there is fundamentally not much to learn about it. It is not simple however and knowing the ins and outs of the loans process will save the would be borrower lots of time and lots of money and will also help the loan processor to process the loan faster.
Check out http://get-financial-help.org/learn-about-the-loan-process and get access to a list of over 125 different banks and loan companies and you'll more than likely find a suitable one, but if you don't then please check out the sister sites because each one of them offers something a little different.
Article Source: http://EzineArticles.com/?expert=Michael_Redbourn http://EzineArticles.com/?Learn-About-the-Loan-Process&id=2007577
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By [http://ezinearticles.com/?expert=Michael_Redbourn]Michael Redbourn
The majority of people more than likely believe that the loan process is essentially a simple one and that there is fundamentally not much to learn about it. It is not simple however and knowing the ins and outs of the loans process will save the would be borrower lots of time and lots of money and will also help the loan processor to process the loan faster.
Let's Look At The Process Step By Step
The first thing the bank or loan company will require the loan applicant to do will be to complete a detailed application form and the first decision that the bank or loan company will make is to decide if the applicant is a high or low-risk borrower and will most likely add a credit score at that time.
The credit score will not only determine if you will get a loan but also the amount that you will be permitted to borrow and more than likely the interest rate too.
The size of the repayment then becomes a major factor along with the amount of time that you will be given to repay the loan and they both largely depend on whether the loan is to be a secured or unsecured one.
The credit process that is involved in getting an unsecured loan will generally be much quicker than for a secured one because the value of the collateral, be it real estate or an automobile will have to be checked by the loan officer.
The amount of money available to the lender will of course be much higher if the loan is secured and the interest will almost certainly be much lower, and in most cases someone with bad credit that has no collateral will not be offered more than a few thousand dollars which may of course be more than a little helpful if the person needs to make payments to prevent his credit rating from worsening even further or to pay for medical bills.
If you're turned down for a personal loan then the first thing you should check is your credit rating and a credit report can be easily obtained for just a few dollars from any one of a number of credit reference agencies.
Banks and loan companies seldom give a reason for declining a loan but it is generally because of a credit rating problem and if you see errors on your credit report then return to the bank and show them the discrepancies.
Check out the size of the early payment penalty that kicks in if you are able to pay the loan off early because it is often quite substantial and will vary from lender to lender.
Finally, the majority of loan applications can now be made and approved online so if you're in need of a loan then check some online companies and you should have the money you need within 24-48 hours.
The majority of people more than likely believe that the loan process is essentially a simple one and that there is fundamentally not much to learn about it. It is not simple however and knowing the ins and outs of the loans process will save the would be borrower lots of time and lots of money and will also help the loan processor to process the loan faster.
Check out http://get-financial-help.org/learn-about-the-loan-process and get access to a list of over 125 different banks and loan companies and you'll more than likely find a suitable one, but if you don't then please check out the sister sites because each one of them offers something a little different.
Article Source: http://EzineArticles.com/?expert=Michael_Redbourn http://EzineArticles.com/?Learn-About-the-Loan-Process&id=2007577
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How to Choose the Best Personal Finance Software
How to Choose the Best Personal Finance Software
By [http://ezinearticles.com/?expert=Eric_Transue]Eric Transue
When it comes to budgeting, personal financial software can be of great benefit. However, with the variety of choices on the market, it may be difficult to choose. How do you choose between Quicken, Microsoft Money and YNAB Pro? All of them come from well respected companies. Money and Quicken have differences in their appearance but the goal of the two programs is pretty much the same. YNAB looks to change your way of budgeting and thinking completely.
Quicken
As far as personal finance software goes, Quicken is the current leader. The company that has created Quicken has expanded the product line to provide several different versions of Quicken. Some of the current versions are Starter, Deluxe, Premier and Home & Business.
I suggest you take a look at the comparison chart, but even the Starter edition should provide you enough bells and whistles if you are just starting out with personal budgeting software. As you move up their product line additional features are added that expand from your normal day to day banking. These features help you keep track of your personal investments, small business finances and property management.
Quicken is easy to get up and running quickly. It has a well designed user interface that is very user friendly for beginners. My main issue with Quicken is it can be an overkill for people looking to set up a simple budget. However, if you are looking to handle all of your financial needs using one product Quicken may be right for you.
Microsoft Money
If you are used to running Windows or Microsoft Office you will immediately be familiar with Money as soon as you install it. Just like most of Microsoft's products their is a universal feel of the layout and menus. This helps current Microsoft product users get up and running fairly quickly.
Microsoft Money really emphasises web related content. The program has tight integration with Microsoft's online web services. If you do not currently have an internet connection or are not always connected, you will want to take that into consideration prior to purchasing Microsoft Money.
Microsoft Money offers a web based version. If you are a person who is always on the road or is constantly moving from computer to computer you may want to look into this. However, just like accessing any personal information online, make sure the computer you are using has all of the latest security updates.
YNAP Pro
YNAB Pro is a new comer to the personal finance arena and this may be the first time you have heard of it. YNAB Pro prides itself on being a completely new way of managing your money. The program is based around four simple rules which you can read more about [http://www.lifeisnothard.com/money/ynab-pro-review/ ]here.
The interface of the program is well designed and provides pleasant graphs and visuals to show you exactly where you are succeeding and failing at your budget. Each month you set up a budget amount for each category you have created. As you enter your transactions either manually or by synching with your bank you can see immediately how much money you have remaining in each category for the remainder of the month. If you happen to go over, you just "roll with the punches" and that amount will be deducted from the following month in order to keep you on track.
In conclusion, if you are looking for a bunch of bells and whistles in your budgeting software take a look at the first two recommendations in this article. If you are looking for a simple program that will get you on track quickly give YNAB a look.
When it comes to budgeting personal financial software can be of great benefit. However, with the variety of choices on the market, it may be difficult to choose.
Quicken
As far as personal finance software goes, Quicken is the current leader. The company that has created Quicken has expanded the product line to provide several different versions of Quicken. Some of the current versions are Starter, Deluxe, Premier and Home & Business.
I suggest you take a look at the comparison chart, but even the Starter edition should provide you enough bells and whistles if you are just starting out with personal budgeting software. As you move up their product line additional features are added that expand from your normal day to day banking. These features help you keep track of your personal investments, small business finances and property management.
Quicken is easy to get up and running quickly. It has a well designed user interface that is very user friendly for beginners. My main issue with Quicken is it can be an overkill for people looking to set up a simple budget. However, if you are looking to handle all of your financial needs using one product Quicken may be right for you.
Microsoft Money
If you are used to running Windows or Microsoft Office you will immediately be familiar with Money as soon as you install it. Just like most of Microsoft's products their is a universal feel of the layout and menus. This helps current Microsoft product users get up and running fairly quickly.
Microsoft Money really emphasises web related content. The program has tight integration with Microsoft's online web services. If you do not currently have an internet connection or are not always connected, you will want to take that into consideration prior to purchasing Microsoft Money.
Microsoft Money offers a web based version. If you are a person who is always on the road or is constantly moving from computer to computer you may want to look into this. However, just like accessing any personal information online, make sure the computer you are using has all of the latest security updates.
YNAP Pro
YNAB Pro is a new comer to the personal finance arena and this may be the first time you have heard of it. YNAB Pro prides itself on being a completely new way of managing your money. The program is based around four simple rules which you can read more about [http://www.lifeisnothard.com/money/ynab-pro-review/ ]here.
The interface of the program is well designed and provides pleasant graphs and visuals to show you exactly where you are succeeding and failing at your budget. Each month you set up a budget amount for each category you have created. As you enter your transactions either manually or by synching with your bank you can see immediately how much money you have remaining in each category for the remainder of the month. If you happen to go over, you just "roll with the punches" and that amount will be deducted from the following month in order to keep you on track.
In conclusion, if you are looking for a bunch of bells and whistles in your budgeting software take a look at the first two recommendations in this article. If you are looking for a simple program that will get you on track quickly give YNAB a look.
When it comes to budgeting personal financial software can be of great benefit. However, with the variety of choices on the market, it may be difficult to choose.
If you have never set up a personal budget before and would like to see how I did it take a look how I used [http://www.lifeisnothard.com/money/how-i-set-up-a-personal-budget/]YNAB Pro to create a simple monthly budget I could stick too.
Article Source: http://EzineArticles.com/?expert=Eric_Transue http://EzineArticles.com/?How-to-Choose-the-Best-Personal-Finance-Software&id=1937336
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Loans At Easy Terms And Fast Speed: Instant Loans Online
Loans At Easy Terms And Fast Speed: Instant Loans Online
By Andrew Baker
Revolution in the internet has been great help in solving
numerous of problems of people. The click on the computer can do
magic today. And so, just clicking once, borrower can now avail
loans online in least time. In the form of instant loans online,
lenders help borrowers meeting their financial requirement when
they are in urgent need of money.
The biggest advantage of instant online loans is that the loan
processing time is very quicker that that of traditional
borrowing. It helps borrowers when they are in very urgent need
of money. In many cases, borrower can get the money directly
transferred in their account only in few hours. Online instant
loans are easy to find and fairly easy to obtain. The process
you follow is simple. Getting an instant online loan these days
is as easy as turning on your computer.
Applying for the instant loans online requires borrower to do
some basic research to find an online loan provider that
provides loan instantly. Once, the borrower has decided about
the lender, who is going to give him loan, he applies online by
filling out the application form for availing loan. Online
option of availing instant loan enables borrower to do all the
paper work by merely sitting at home. As soon as borrower fills
out the forms, their details are verified instantly, and a
representative is sent to borrower for further verification of
the information they have submitted.
The interest rate, and loan terms and conditions applied upon
instant online loans are decided by verification of few factors.
If borrower has good credit and home equity it’s likely that
borrower will get a good rate and your application will be
approved soon. But, online instant loans are meant for anyone
who needs to borrow funds and is not limited depending on
credit. Even If borrower has bad credit there are online loans
that fit their needs. The aim is to make this loan easier to
avail for the borrower. No matter what a person’s credit status
is. Though, online instant loans are short term loan, so the
interest rate charged on it is a bit higher than usual.
To avail online instant loan, the minimum qualification depends
upon the type of loan borrower wishes to acquire. Due to
emergence of a large number of online lenders, availing this
loan has become much cheaper for borrowers. The borrower should
have a minimum income of £1000 per month, and the borrower
should have a current and active checking account. The amount
loaned here is also small, as it is meant to meet only instant
need of borrower. Thus, repayment period is also shorter, which
ranges from 7 days to 14 days.
Though, there is lots of fuss about the credibility of instant
loans online, but the fact is that it is totally safe and
profitable for borrowers. Online business mainly works on trust.
And online instant loans are no exception to it. It helps
borrowers in several ways to get their desired loans to fulfill
all their loan needs.
About the Author: Andrew Baker has done his masters in finance
from CPIT. He is engaged in providing free, professional, and
independent advice to the residents of the UK. He works for the
Personal loans web site Loans Valley.For any type of
loans,instant loans online,secured loans, unsecured loans,
personal loans, tenant loans visit http://www.loansvalley.co.uk
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=81326&ca=Finances
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By Andrew Baker
Revolution in the internet has been great help in solving
numerous of problems of people. The click on the computer can do
magic today. And so, just clicking once, borrower can now avail
loans online in least time. In the form of instant loans online,
lenders help borrowers meeting their financial requirement when
they are in urgent need of money.
The biggest advantage of instant online loans is that the loan
processing time is very quicker that that of traditional
borrowing. It helps borrowers when they are in very urgent need
of money. In many cases, borrower can get the money directly
transferred in their account only in few hours. Online instant
loans are easy to find and fairly easy to obtain. The process
you follow is simple. Getting an instant online loan these days
is as easy as turning on your computer.
Applying for the instant loans online requires borrower to do
some basic research to find an online loan provider that
provides loan instantly. Once, the borrower has decided about
the lender, who is going to give him loan, he applies online by
filling out the application form for availing loan. Online
option of availing instant loan enables borrower to do all the
paper work by merely sitting at home. As soon as borrower fills
out the forms, their details are verified instantly, and a
representative is sent to borrower for further verification of
the information they have submitted.
The interest rate, and loan terms and conditions applied upon
instant online loans are decided by verification of few factors.
If borrower has good credit and home equity it’s likely that
borrower will get a good rate and your application will be
approved soon. But, online instant loans are meant for anyone
who needs to borrow funds and is not limited depending on
credit. Even If borrower has bad credit there are online loans
that fit their needs. The aim is to make this loan easier to
avail for the borrower. No matter what a person’s credit status
is. Though, online instant loans are short term loan, so the
interest rate charged on it is a bit higher than usual.
To avail online instant loan, the minimum qualification depends
upon the type of loan borrower wishes to acquire. Due to
emergence of a large number of online lenders, availing this
loan has become much cheaper for borrowers. The borrower should
have a minimum income of £1000 per month, and the borrower
should have a current and active checking account. The amount
loaned here is also small, as it is meant to meet only instant
need of borrower. Thus, repayment period is also shorter, which
ranges from 7 days to 14 days.
Though, there is lots of fuss about the credibility of instant
loans online, but the fact is that it is totally safe and
profitable for borrowers. Online business mainly works on trust.
And online instant loans are no exception to it. It helps
borrowers in several ways to get their desired loans to fulfill
all their loan needs.
About the Author: Andrew Baker has done his masters in finance
from CPIT. He is engaged in providing free, professional, and
independent advice to the residents of the UK. He works for the
Personal loans web site Loans Valley.For any type of
loans,instant loans online,secured loans, unsecured loans,
personal loans, tenant loans visit http://www.loansvalley.co.uk
Source: http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=81326&ca=Finances
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How to Get Access to Free Money
How to Get Access to Free Money
By [http://ezinearticles.com/?expert=Lil_Waldner]Lil Waldner
There are no longer any doubts. The world undergoes the worst financial crisis for decades. Some experts already state the world could be faced with an even worse crisis than the Great Depression during the thirties. US professor Robert Shillers belongs to the few economists who have predicted the crisis and he states that the crisis goes on. Industrial production slumped about 17 percent worldwide according to a JP Morgan index. Unemployment rates increase in all the important industrialised countries while the gross domestic products fall.
Money will be scarce
Money will be scarce in the near future. US consumers start saving money because they fear for their jobs. The days of easy access to bank credits are over. Banks restrain from splendid lending. Many people are not aware that there is a proven source of money in the United States. There are a multitude of opportunities to receive free government grants by the US.
US inhabitants have access to free money
US citizens and residents are eligible for free grants by the US state. People from thoroughly different background and social status can benefit from these generous grants. The federal government allocates every year millions and millions of Dollars to various agencies to give grants to US citizens. An example: Small businesses and start-ups can get free grants up to 250,000 Dollars. This free access for young entrepreneurs, innovative start ups makes the US so different from the old continent Europe. It makes the US an innovative and dynamic economy.
There are also free grants available for other important purposes as education on all levels of schools, health care, home repair, childcare, housing assistance.
Bad credit repair
Even people who stick in debts have a chance to obtain free government grants. This is helpful in cases of bad credit repair. Many Americans struggle with debts and they need to find a way out.
Although there is a lot of free money out there the government spends little time and money advertising these funding opportunities. The people need to make their own inquiries how to get to that money and how to apply for it in a correct way. Or they may look for guidance by a government agency.
More issues around the money can be read and discusses at Make Money Tip.
Liliane Waldner
Liliane Waldner is a business economist. She lives in Zurich. She has been in a member of the parliament of the State of Zurich during 17 years. She has attended the board of several public entities and companies, some of them dealing with the financial markets. Her website is: http://www.makemoneytip.com
Article Source: http://EzineArticles.com/?expert=Lil_Waldner http://EzineArticles.com/?How-to-Get-Access-to-Free-Money&id=1896337
The money will be short in the near future. Even in the US many people are not aware that there is free money available for US residents and citizens by the US state. The article describes these financial opportunities for useful purposes that could be helpful in this time of crisis.
Save This Page
By [http://ezinearticles.com/?expert=Lil_Waldner]Lil Waldner
There are no longer any doubts. The world undergoes the worst financial crisis for decades. Some experts already state the world could be faced with an even worse crisis than the Great Depression during the thirties. US professor Robert Shillers belongs to the few economists who have predicted the crisis and he states that the crisis goes on. Industrial production slumped about 17 percent worldwide according to a JP Morgan index. Unemployment rates increase in all the important industrialised countries while the gross domestic products fall.
Money will be scarce
Money will be scarce in the near future. US consumers start saving money because they fear for their jobs. The days of easy access to bank credits are over. Banks restrain from splendid lending. Many people are not aware that there is a proven source of money in the United States. There are a multitude of opportunities to receive free government grants by the US.
US inhabitants have access to free money
US citizens and residents are eligible for free grants by the US state. People from thoroughly different background and social status can benefit from these generous grants. The federal government allocates every year millions and millions of Dollars to various agencies to give grants to US citizens. An example: Small businesses and start-ups can get free grants up to 250,000 Dollars. This free access for young entrepreneurs, innovative start ups makes the US so different from the old continent Europe. It makes the US an innovative and dynamic economy.
There are also free grants available for other important purposes as education on all levels of schools, health care, home repair, childcare, housing assistance.
Bad credit repair
Even people who stick in debts have a chance to obtain free government grants. This is helpful in cases of bad credit repair. Many Americans struggle with debts and they need to find a way out.
Although there is a lot of free money out there the government spends little time and money advertising these funding opportunities. The people need to make their own inquiries how to get to that money and how to apply for it in a correct way. Or they may look for guidance by a government agency.
More issues around the money can be read and discusses at Make Money Tip.
Liliane Waldner
Liliane Waldner is a business economist. She lives in Zurich. She has been in a member of the parliament of the State of Zurich during 17 years. She has attended the board of several public entities and companies, some of them dealing with the financial markets. Her website is: http://www.makemoneytip.com
Article Source: http://EzineArticles.com/?expert=Lil_Waldner http://EzineArticles.com/?How-to-Get-Access-to-Free-Money&id=1896337
The money will be short in the near future. Even in the US many people are not aware that there is free money available for US residents and citizens by the US state. The article describes these financial opportunities for useful purposes that could be helpful in this time of crisis.
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