Cash Loans Available For Lawsuits
In a world where legal action and lawsuits abound, there is cash relief for victims of car accidents, personal injury, workers compensation, etc. in the form of a cash loan against their pending lawsuit.
A cash loan offers plaintiffs a way to finance their day to day living expenses with cash they will eventually claim against the outcome of their settlement. Many times those injured in accidents are the sole breadwinners. When their health and mobility is compromised, theyre unable to pay their bills.
Their options are limited: they could borrow from the bank, but the bank expects a monthly payment on a cash loan; they could max our their credit cards, but still, a check needs to be sent every four weeks to cover the costs; they could get a cash loan from friends and family, but that has the capacity to strain long-formed relationships. When there is no money to make monthly payments, plaintiffs lapse into a crisis situation where a cash loan is essential!
When a cash loan is needed, help is available. By taking a cash loan against their pending lawsuit, plaintiffs can ease the strain of financial burden and not be out of pocket with money they dont yet have! Best of all, the cash loan is non-recourse. If the plaintiff doesnt win their lawsuit, they dont have to pay anything back.
For most plaintiffs, a cash loan has saved them from losing their homes, helped them pay their medical bills, and kept them out of bankruptcy. A cash loan against ones lawsuit is a little known service and plaintiffs need to understand that theres a place to turn in their time of need.
For more information visit
http://www.OasisLegal.comWith a strong creative writing background, Lisa Colangelo has spent years in the marketing department at Oasis Legal Finance. Through writing press releases, articles, newsletters, web site copy and other creative pieces, Lisa continues to inform the corporate and private sector about the benefits and importance of litigation financing.
Live Mortgage LeadsLive Mortgage LeadsLive Mortgage LeadsMortgage LeadsLive Mortgage Leads
A Review of the 1990 Dodge Dakota
The best car I have ever had has been serving me for 16 years now, which is my 1990 Dodge Dakota. It never let me down, although I have always been giving it hard time. And it has been so from the very beginning as I got my pick-up truck for work, not for show off. As a building contractor I have gone through 16 years of hard work, and my 1990 Dodge Dakota has been there all along the way. Working hard at least five days per week; moving from site to site, hauling tools, machines, supplies and everything else that you can think of.
I have been pretty rough with my truck, throwing al the abovementioned in the back of it and rushing up and down, back and forth, sometimes even adding a trailer for the extras. Making sure that I was not being hard to it body only, but to the engine also, with the additional loads and chasing deadlines I was never disappointed with it. It has always been great and I do not want to let it go.
Everybody knows that older cars are much more expensive to maintain compared to the new ones, but I know that my 1990 Dodge Dakota still has a lot to give. But in the moment it is not the same truck any more. The engine loses power, especially when with heavier loads it even stalls from time to time. Considering that you can never imagine it unless it has really happened to you, I dare say that it is a scary thing to stall in the middle of nowhere in an old truck with a trailer at the back.
Not being any good for me now does not mean that it can not serve well someone else though. I hope that my 1990 Dodge Dakota will go to a student or a college boy, who will use it for moving his stuff to and from school, for picnics, to go to the football training with it and things like that. With easy jobs like these it will be still doing great and I am sure because for the same purpose I used my mother's minivan back in the days and if it could do then my Dodge can for sure. I also hope that the next owner of my 1990 Dodge Dakota will be nearly as happy with it as I were, it will be very sad if it gets wasted.
Morgan Hamilton offers expert advice and great tips regarding all aspects concerning fashion. Get the information by visiting
http://www.carsanddrivinginfo.com/cars--driving-information/cars--driving/a-review-of-the-1990-dodge-dakota.htmlMortgage Lead ProgramsVoice BroadcastingMortgage LeadsLive Mortgage LeadsLive Mortgage LeadsMortgage Lead TransfersMortgage Lead ProgramsLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage Leads
Start A Home Day Care Business
Did you know the demand for professional childcare providers would increase 12% by 2012? As more and more parents search for reliable, quality childcare, the need will continue to grow! That means career opportunity for you!
You can start a home day care business with a minimal investment. This is a great business opportunity for anybody that loves kids, and wants to turn it into a career. In addition to the minimal investment that is needed, you will also already have the space for your kids being that you will be running your business out of your home. All in all, a home day care business is one of the best opportunities to make a lot of money without having to spend tons of it up front.
If you are gong to start a home day care business you need to make sure that you are aware of every last detail. Remember, you will be taking care of other peoples children. If anything happens to them you will be responsible. So the best way to avoid this is by simply getting everything lined up from the very beginning.
The first thing that you will need to do is make sure that your house is safe enough to run a home day care business. In other words, do you have the room to house all of the children without posing a threat to their safety? You should have a designated area in your home that you can run your home day care business out of. Never try to turn your entire home into the day care. This will only make a mess, and make it much more difficult for you to keep track of everything that is going on.
Also, your home needs to be child proof. You cannot have anything that may harm the children that you are watching. This includes things such as stairs that they could fall down, or small items that they could choke on. This is why having a designated area for your home day care business is of the utmost importance.
After you have your home set up, you need to make sure that you have all of the proper certificates and insurance in order to run a business out of your home. Many people overlook this, and end up running into big problems down the line. Do not let this happen to you. Get in touch with the appropriate people in your area and ask them what you need to do in order to set up a home day care business. More than likely your local municipality will be able to give you the information that you need in order to get started.
Starting a home day care business can be very profitable, and quite fun if you love children. Just make sure that before you start your home day care business that you have all of the loose ends tied up. This will ensure your chances of success as your business grows. Remember, as a day care owner you will have a rewarding, challenging career where youll see the results of your caring and creative efforts every day.
Earl Williams makes it easy to build your home-based business and earn a substantial income, learn how by Visiting:
http://www.NetMarketer.org.
Mortgage Lead TransfersLive Mortgage LeadsLive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage LeadsMortgage Lead ProgramsMortgage LeadsMortgage Lead TransfersLive Mortgage Leads
Slash Your Expenses on Fixer-Upper Homes
A home is the most valuable asset anybody could ever have. From the time you started planning to buy it up to the time you have finished paying those monthly mortgage payments, you will definitely conclude that it is one of your most cherished possessions.
However, for most people, they aren't motivated to buy a home just so they can have a good asset. They would rather have something that they can resell or fix-up and live in. This means that they want to put in some fast home equity value in their home.
In such cases, people who usually can't afford to buy a newly built home would rather find some fixer-upper homes to cut back expenses. This is because fixer-upper homes are usually being sold at a lower prices on the market compared to new homes.
But then again, not all fixer-upper homes are friendly to the budget. Many fixer-upper homes may put in bigger expenses than buying a brand new home.
Why? Simply because some fixer-upper homes may entail bigger budgets on repairs and may eat up bigger portions in your budget. In the end, they may cost more than buying a new one.
In this manner, it is important to spot if you will be spending too much on a fixer-upper home. Here are some great tips to know how to spot one:
1. Spot the difference
Most people who would be spending more on fixer-upper homes are those who can't spot the difference. This means that they can't tell from simple repairs to serious structural glitches.
You should be able to assume if a fixer-upper home would take longer time to fix.
2. Get an inspector
It would be better if you have an inspector thoroughly assess and evaluate the property. In this way, you can be sure that the assessment is more on the professional level and will instantly know if it will be a good buy.
3. Do the math
Learn to calculate. Never buy a house just because it is cheap and needs a few repairs. It would be better if you put everything on paper and see the figures. Everything has to be seen in a more concrete representation.
Indeed, it may not be easy to spot the expenses right away unless you know how to do what you are doing. Learn the process and you will never miss a thing.
The above article was written by Sarah Miller on behalf of a buzzing online Home Improvement community where homeowners easily and painlessly find the right contractor for their home improvement projects and in turn, contractors can find the right Home Improvement Leads! Also check out the
http://QuoteCity.com Blog for more related Home Improvement Articles and Ideas.
Mortgage Lead ProgramsLive Mortgage LeadsLive Mortgage LeadsMortgage Lead ProgramsExclusive Mortgage Leads
Mars and Venus - Part II: "Moving towards" or "Moving away from"
All too often sales people assume that buyers use the same criteria to make a purchase as they would. This can lead to frustration and indeed some serious self doubt on a sales person's behalf. "They just don't get it", you may think to yourself. The reality is that not everyone thinks the same way. This is the first in a series of articles that looks at how you make choices, your customer makes choices, and how to realign your sales strategy, should they be different to you.
Without knowing a person's strategy, you could be emphasising all the wrong points.
What does moving towards or away from mean?
With all of us, two things matter. The first is engaging activities that please us. The second is avoiding activities that cause us pain. So when I say people are moving towards, I mean that they tend to spend most of their time trying to move towards pleasure.
On the other hand, some people predominantly spend their time avoiding pain. In NLP, this is often referred to as one of their strategies. I say predominantly, because most people will do both; however one of them figures more in their life than the other.
So what has this to do with selling, you may ask. Lots! Because if you are a moving towards type person, who is selling cars, you may wish to emphasize the looks, time from 0-60, the power of the engine etc. But what if the person is looking for reliability, a car that is safe, and has low fuel consumption? They would be a person who wants to avoid the pain of breakdowns, the danger in a collision and the high cost of fuel!
Without knowing a person's strategy, you could be emphasising all the wrong points. It is therefore vital to ask the person some questions, so as to elicit their strategy, so that you can emphasise points that match their way of thinking.
What questions to ask, to elicit someone's strategy?
In the above example, the obvious question to ask is; "what do you look for in a car?" Interestingly enough that question can work in a most situations, along with "what do you look for in a house" and "what do you look for in a relationship.
The answers will give you a very good idea as to whether they are a, "moving towards" or "moving away from", type person.
There are many questions that you can ask, indeed you should ask questions relevant to your business or offerings, so that not only do you get a clue as to a person's strategy, you also help in the sales process.
A question that I might use in my business would be as follows; "What do you look for in a sales coach?"
While there are many different answers, why don't you see which of these answers is most appropriate to you?
I want someone to help me achieve my targets, so that I can buy that Lexus I have had my eye on.
I don't believe I am reaching my true potential, and I want to ensure I don't miss my targets again.
Can you see how the addition of "because my current car keeps breaking down" to the first response changes the emphasis from moving towards to moving away from?
What to do if their strategy is different to yours?
One of my clients had two partners who were selling the benefits of managed services for small to medium sized companies. One of the partners seemed to have the most success with clients who were looking for these types of services to avoid downtime and save costs.
While the other guy, found most success with customers who wanted someone to look after their IT systems, so that they could focus on what they were good at.
Given that most people can relate well to people who think the way that they do, it is not surprising that without this understanding, which they will often fail to convince someone who thinks differently.
The mere fact that you now understand one of the ways that people make decisions, and that it could be different to yours, in my opinion, you should find it a lot easier to sell your offerings.
Conclusion
First understand your own strategy. Then try out these simple questions with a few of your friends, to get an understanding of how they think. There is a good chance that you will be amazed at the insights these simple questions give you into people.
Translating these insights into questions that you can then use to move buyers closer to your products can still seem a challenge to some people, maybe then you could do with some help.
This series of articles will explore the different psychological buying patterns or your customers, and help you to identify how they make decisions.
This article was written by Peter Lawless, founder of 3R Sales and Marketing
http://www.3r.ie. For previous articles like this, visit 3R's Articles. Alternatively, subscribe to Success our free monthly Information Bulletin with sales and marketing articles.
Live Mortgage LeadsExclusive Mortgage LeadsExclusive Mortgage LeadsMortgage Lead TransfersLive Mortgage LeadsMortgage Lead ProgramsVoice BroadcastingLive Mortgage LeadsLive Mortgage LeadsLive Mortgage Leads
Sell Real Estate FAST With A "Seller Second"
The real estate market has been showing signs of slowing and more and more properties are advertised for sale; however, one real estate transaction type is gaining in popularity and that is the "seller second". In such a scenario, the seller holds a second mortgage allowing the buyer to purchase the home with little or no-money-down. The down payment or a portion thereof is effectively financed with the "seller second".
Since the first mortgage balance will be less than 100% of the sale's price, there is a lower inherent risk to the first mortgage lender who in turn is willing to approve a buyer who would otherwise not qualify for a no-money-down first mortgage. This dramatically increases the pool of potential buyers and that leads to a quick sale in today's market.
Typical minimum credit score requirements for a no-money-down loan are 580 or above; but, with the assistance of a 5% (5% of the sale's price) "seller held second", a buyer can purchase a home with a 550 credit score. With a 20% seller held second, a buyer with a 500 credit score can buy a home no-money-down. With a 35% seller held second, there are no credit score requirements for the buyer.
After closing, the buyer will have two monthly mortgage payments, one payment to the first mortgage holder and a second payment to the seller. The second mortgage is typically structured as a thirty-year amortization with a five-year balloon. At the end of the first year, the buyer can refinance the first and second mortgage into one new first mortgage and at that time the seller will recoup the balance of the "seller second". In the meantime the seller will receive interest only payments from the buyer.
A year ago, it was a seller's market. Properties were selling as soon as the real estate 'for sale' sign was planted in the yard. At that time, it was not uncommon to hear of bidding wars in the driveway and the subject property would end up selling for more than the asking price. Now we are in a different market. We have entered a buyer's market. Properties remain listed for sale for periods of time that exceed a sellers comfort level. Driving down a typical street in Any Town, USA, one might see numerous 'for sale' signs and even signs reading the likes of "price reduced". Reducing the price of a house does not significantly increase the pool of buyers that potentially qualify for financing for that property and therefore, demand remains unchanged as the result of a price reduction. The solution can be found through offering a "seller second".
A "seller second" effectively increases the number of buyers that qualify for financing and subsequently increases the demand. FICO statistics seem to indicate there are approximately 25% of the scorable population in this country that have a credit score between 500 and 649. Offering a "seller second" to buyers in this range can turn them into qualified borrowers and happy homeowners.
To offer a "seller held second", a seller will need to have sufficient equity in the property. Also, sellers need to understand that there is a risk of default by the potential buyer.
Paul Jerome is a mortgage expert and contributor to Seller Helps Buyer, LLC. Seller Helps Buyer provides a format for sellers to showcase properties 'for sale' that are accompanied by a 'seller held second mortgage'.
Mortgage Lead TransfersLive Mortgage LeadsExclusive Mortgage LeadsMortgage Lead TransfersExclusive Mortgage Leads
Get the Best Deal, Get Unsecured Personal Loans Online
Sometimes you need loans to run a smooth financial stream. They can serve you and make your living better even in worst cases. But a loan is best availed only when it suits your financial situation and reaches you when you need it the most. A loan when not gained at the required time is of no use. The best kind of loan is one which does not ask you for anything, at the same time serve your purpose well. If you are looking for such a loan in the financial market, your hunt ends here. Unsecured personal loans have the answer for you. These loans are now available to you online for quick access and in an unsecured form that will ask you for nothing.
Unsecured personal loans are available to you in the most convenient and easy way that is, the internet. Now your loan amount is just a click away from you. You can avail unsecured personal loans in just a few hours without spending much time and effort. With online personal loans, you get an advantage of getting the best loan deal with reasonable rates suiting your pocket.
With the help of a few simple steps you can get this loan. Before applying for online personal unsecured loans, you need to follow these steps which will help you get the best deal. When you are definite to get this loan, first thing you should start with is research. Research is very important if you wish to get an online loan. This includes tracing various lenders on the internet. You can do this simply by surfing the net. Once you have gone through different lenders, its time now to analyse the rates and fees of different lenders and compare them. This will help you understand which lender is the best one for you. After your comparison is over, choose the lender which suits you the best and he will provide you with the loan quote. All these process does not require any paper work and is done completely through the internet.
While researching, you will come across different lenders with different offers. But there are some features common to all of them. Unsecured personal loans available online, are offered without collateral. That means it doesnt matter whether you are a homeowner or not, you can apply for unsecured personal loans.
An unsecured personal loan does not offer a very high loan amount as there is no security with the lender. They are usually available in a range of 5000 to 25,000. The repayment of unsecured personal loans starts from 6 months and goes up to 10 years.
These loans are also available to bad credit and poor credit scorers. Persons with a credit history of arrears, defaults, bankruptcy, CCJ can also apply and get a loan suiting their financial conditions.
Your search for best loan suitable to you ends here. With online personal unsecured loans, you can get all those benefits which you always wished for.
Gary Grobowski is working as financial consultant for online-unsecured-loans-uk. He holds a masters degree in Finance. To find online unsecured loans uk, online Personal unsecured loans, fast online unsecured loans, apply online unsecured loans visit
http://www.online-unsecured-loans-uk.co.ukLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage LeadsMortgage Lead TransfersLive Mortgage LeadsMortgage Lead TransfersLive Mortgage LeadsMortgage Lead TransfersLive Mortgage Leads
Secured Online Loan: Quick And Trusted Way Of Borrowing Money
Obtaining a loan is not a very difficult task but availing the right deal is surely one. Even if all the criteria are fulfilled, still the main point of thought is the availability of the loan. Is the loan available easily? Is it approved quickly? As an answer to these questions, there is a secured online loan that can remove all this worry from the borrowers mind.
A secured online loan is a multi-purpose loan which can be used for any purpose for the borrower. It can be used for home improvement, debt consolidation, car purchase, wedding expenses, college education funding etc.
The security for the secured online loan is any asset like a house or a car which is placed with the lender. The amount approved is proportional to the equity of the collateral.
While looking for a secured online loan, the criteria of selection should be the low rate of interest. Because of placement of the collateral, the borrower can demand a low rate of interest. The borrower can select the lowest rate deal from the numerous options that are available online for the secured online loan.
Through secured online loan, the borrower can take up an amount of 5000-75000. Due to the loan being secured, the repayment term of the online loan is long ranging from 5-25 years. The borrower should take the loan according to his repayment ability so that he is able to repay the loan as early as possible.
Secured online loan provides a lot of benefits to the borrowers like:
* Easy accessibility
* Numerous deal options to choose from
* Very low rates due to competition
Borrowers having a bad credit history can also apply for secured online loan. As security has to be pledged, the lenders do not have to undertake risk while giving them money as secured online loan.
Secured online loan is the best choice in loans when the borrower is ready to pledge collateral. He can avail maximum benefits by going for this option of secured online loan.
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 ukfinanceworld. For any type of Secured online loan, loan, loans, unsecured loans, secured loans, debt consolidation loan, mortgage, remortgage visit
http://www.ukfinanceworld.co.ukLive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage Leads
Should You Use a Loan From Your 401(k) to Eliminate Consumer Debt?
If you have accumulated some savings in a 401(k) plan while also racking up consumer debt you may be in a position to substantially reduce the interest payments you are making on your debts while earning a nice return on your retirement investments.
Before you decide to take this route though there are some things to consider.
1. Do you own a home?
If the answer to this questions is yes and you have some equity built up you're probably better off using a home equity loan to pay off your debts because it is an easier and less complex way to reduce the interest rate and payments on your consumer debt.
2. Will your employment be stable for the next 5 years?
Plan repayment terms vary but a common rule of thumb is non-home related loans from 401(k) plans have to be paid back within 5 years. Do not take out a loan amount that you do not think you'll be able to pay back within the plan repayment guidelines. Any money not repaid will be considered a distribution by the tax man and you will get hit with penalties and taxes that would negate any benefit to employing this strategy.
Also, you need to feel confident you won't be laid off, look for a new job elsewhere, or otherwise change employers for the amount of time it will take you to pay back the loan. If you leave the company most plans will require immediate repayment of the loan and any amount not repaid will be considered a distribution.
3. Will you be able to accommodate the repayments in your budget?
Unlike credit cards which give you the flexibility to vary payments. Typically repayment on loans from your 401(k) are fixed and deducted automatically from your paychecks. Before employing this strategy make sure your monthly budget will be able to accommodate the size of these payments and that you have the financial flexibility to take care of any unexpected expenses should the need arise.
4. Are you comfortable with the possible loss of return on your savings?
While you will be paying yourself interest on the loan you take, about 6% based on where interest rates are today, typically an investment in a stock fund would return more. So you have to decide if you will be able to emotionally handle a scenario were stocks take off and you're stuck with a cash return for a few of years.
5. What are the tax implications?
You will be repaying the loan with money that has already been taxed. When you withdraw money from your 401(k) in the form of distributions down the road those distributions will also be taxed. So you are being taxed twice on the earnings used to pay back the loan. Oftentimes if you earn a substantial salary then this strategy doesn't make financial sense unless your interest rates are exceptionally high.
At this point you may be thinking why would I ever employ this strategy. It seems too difficult and risky to implement. The reason is you could see substantial benefits to your finances if the math works for you.
Below is an example I use to demonstrate how you can figure out if paying off your debts this way is a wise decision.
Bill is 28 and has $10,000 of credit card debt. His salary has averaged $40,000 per year for the 5 years he's had his current job. He expects to remain with his employer for the next 5 years. He has saved 10% of his salary for the last 5 years and so he has $20,000 of savings.
The average rate of his credit card debt is 13% and the average rate of taxes he pays on his income is 20%.
If Bill paid off his credit cards without a loan over the next 5 years he'd pay $13,652.
Assuming Bill pays 6% interest on his loan his repayment will equal $13,382 over the next 5 years.
So Bill's gain from taking the loan is $3,652 (the amount he saved in interest payments) + $3,382 (the amount he payed himself in interest) for a total of $7,034.
Bill's cost are as follows. If he invested the money in an S&P 500 fund and earned 12% he would have $17,623 at the end of 5 years.
Because he has an average tax burden of 20% of income he'll have to earn $12,000 to pay back the $10,000 loan.
The total cost to Bill for employing this strategy is $4,241 (the difference between $17,623 - $13,382) + $2,000 (for the taxes he'll pay) for a total of $6,241.
So Bill's net savings from employing this strategy is $7,034 - $6,241 = $793.
$793 is nothing to sneeze at but Bill may still not want to take out the loan if he's unsure about his employment, expects his income to rise substantially, or if he's not comfortable he'll be able to afford the monthly repayment of $193.33.
Conversely, if Bill was a more conservative investor and expected a lower return on his money, if the average interest rate on his debt was higher, or if he expected his tax rate to decrease he would see more substantial savings from employing this plan.
There is no universally right answer to the question of whether or not to use a 401(k) loan to pay off consumer debt. Use the example above as a framework to figure out if the numbers work for you and then take the plunge if you feel comfortable.
Steve Miller is devoted to helping people eradicate their debt. The web-site he co-founded
http://www.debtmd.com offers free debt elimination software individuals can use to create a personal debt elimination plan in 9 minutes and 34 seconds.
Mortgage Lead TransfersLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage Leads
Why Should You Have A Home Business?
Are you thinking about beginning a home business? Chances are that you dont need to be convinced. Nevertheless, you have to be certain that you are doing the home business for the right reasons, and that you arent going to be surprised by anything that might happen while you are working with your home business. Be certain that you are doing it for the right reasons, and you are going to be more likely to be happy with the way that your home business turns out.
Reasons
There are lots of reasons to have a home business. You need to ensure that you are doing it for a good reason, and that this is going to fit into your life. You shouldnt decide that you want to open a home business, for example, if you merely want to work at home. There are a lot of ways that you can work at home without having your own home business, and so if you just want to have the freedom of working at home, then a home business might not be the best option for you. However, if you really have the drive and ambition to not only work at home, but to be able to create a business from scratch, then it is something that you should think about.
You should also not open a home business just because you are angry with the way that your boss is running your business. A good reason to open a home business might be that you have new and innovative ideas for whatever field you are working in, and this might be why you want the home business. Still, if you are only doing it so that you can do what your boss does, but just to try to do it better, you are not going into the business for the right reasons.
You should be setting up a home business because you want to make a difference in the field, and also because you truly enjoy what you are doing and think that you are going to be able to do it very well from home. These are all reasons that you may want to consider starting a home business. The idea of working form home and being your own boss should just be something good that goes along with it. Note, that no matter what, once you begin a home business it is going to be in your life, and it is going to be something that you have to plan for in the future. This means that a home business is something that you need to think through and plan carefully before you decide it is for you for sure. This is very crucial to remember.
Copyright ) Roxanne Greenidge.
Mortgage Lead ProgramsMortgage Lead TransfersMortgage Lead TransfersLive Mortgage LeadsMortgage Lead Transfers
How to (TRY) to Dispute Credit Report Errors
Your credit report is a type of consumer report and contains information about where you work, live, what you own and how you pay your bills. It also may show whether youve been sued or arrested or have filed for bankruptcy. Companies called consumer reporting agencies (CRAs) or credit bureaus compile and sell your credit report to businesses. Because businesses use this information to evaluate your applications for credit, insurance, employment, and other purposes allowed by the Fair Credit Reporting Act (FCRA), its important that the information in your report is complete and accurate.
Estimates indicate that as many as three forths of all consumer reports are inaccurate or have information that should have been removed. Chances are your report has something that is inaccurate of outdated.
Logic would suggest that you periodically review your credit report for inaccuracies or omissions. This could be especially important if youre considering making a major purchase, such as buying a home or a new car.
Checking in advance on the accuracy of information in your credit file could speed the credit-granting process.
Getting Your Credit Report
If youve been denied credit, insurance, or employment because of information supplied by a CRA, the FCRA says the company you applied to must give you the CRAs name, address, and telephone number. If you contact the agency for a copy of your report within 60 days of receiving a denial notice, the report is free. In addition, youre entitled to one free copy of your report a year if you can prove that (1) youre unemployed and plan to look for a job within 60 days, (2) youre on welfare, or (3) your report is inaccurate because of fraud. Otherwise, a CRA may charge you up to $9.00 for a copy of your report.
If you simply want a copy of your report, call the CRAs listed in the Yellow Pages under "credit" or "credit rating and reporting." Call each credit bureau listed since more than one agency may have a file on you, some with different information. The three major national credit bureaus are:
Equifax
P.O. Box 740241
Atlanta, GA 30374-0241
(800) 685-1111.
Experian
P.O. Box 2104
Allen, TX 75013
(888) EXPERIAN (888-397-3742).
Trans Union
P.O. Box 1000
Chester, PA 19022
(800) 916-8800.
Correcting Errors
Under the FCRA, both the CRA and the organization that provided the information to the CRA, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your report. To protect all your rights under the law, contact both the CRA and the information provider.
First, tell the CRA in writing what information you believe is inaccurate. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state the facts and explain why you dispute the information, and request deletion or correction. You may want to enclose a copy of your report with the items in question circled. Your letter may look something like the sample below. Send your letter by certified mail, return receipt requested, so you can document what the CRA received. Keep copies of your dispute letter and enclosures.
CRAs must reinvestigate the items in questionusually within 30 daysunless they consider your dispute frivolous.
Now we get to the good part. If you have several items to dispute and submit them at the same time the CRA will almost always consider your dispute frivolous. Sorry, thats just the way it is. Your best bet is to dispute one or two items at a time. Send your letter, wait two weeks, send the next letter and so on. Best idea is to find something wrong with what is being reported. Check the details. Are the dates correct, the amount correct, the payments correct? Do you even owe the debt? Was it paid off?
The CRA must forward all relevant data you provide about the dispute to the information provider. After the information provider receives notice of a dispute from the CRA, it must investigate, review all relevant information provided by the CRA, and report the results to the CRA. If the information provider finds the disputed information to be inaccurate, it must notify all nationwide CRAs so they can correct this information in your file.
Disputed information that cannot be verified must be deleted from your file.
If your report contains erroneous information, the CRA must correct it.
If an item is incomplete, the CRA must complete it. For example, if your file showed that you were late making payments, but failed to show that you were no longer delinquent, the CRA must show that youre current.
If your file shows an account that belongs only to another person, the CRA must delete it.
Now for the REAL story. The information provider will almost always responds saying they investigated and the debt is valid. That's all it takes for the CRA to substantiate the debt and tell you to take a hike. Now think about it, you have a debt that is not yours and you go to the CRA to disputed it. They send a letter and to the no good company reporting you as a deadbeat and asked them to substantiate a non-existent debt. To add insult to injury that no good company tells the CRA its good debt and your SOL.
When the reinvestigation is complete, the CRA must give you the written results and a free copy of your report if the dispute results in a change. If an item is changed or removed, the CRA cannot put the disputed information back in your file unless the information provider verifies its accuracy and completeness, and the CRA gives you a written notice that includes the name, address, and phone number of the provider.
Also, if you request, the CRA must send notices of corrections to anyone who received your report in the past six months. Job applicants can have a corrected copy of their report sent to anyone who received a copy during the past two years for employment purposes. If a reinvestigation does not resolve your dispute, ask the CRA to include your statement of the dispute in your file and in future reports.
Second, in addition to writing to the CRA, tell the creditor or other information provider in writing that you dispute an item. Again, include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider then reports the item to any CRA, it must include a notice of your dispute. In addition, if you are correctthat is, if the disputed information is not accuratethe information provider may not use it again.
Personally, after helping dozens of people clear negative, incorrect information from their credit reports I can tell in option 1 is a necessary step but for the most part a useless step. Going right to the creditor and documenting the attempt is by far the best way to remove the inaccurate information on your credit reports. After disputing the information to the creditor, documenting the attempt, and documenting the non response of the creditor you have irrefutable evidence to present to the credit bureau. According to the federal law they have no choice but to remove the incomplete or inaccurate information
Accurate Negative Information
When negative information in your report is accurate, only the passage of time can assure its removal. Accurate negative information can generally stay on your report for 7 years. There are certain exceptions:
Information about criminal convictions may be reported without any time limitation.
Bankruptcy information may be reported for 10 years.
Credit information reported in response to an application for a job with a salary of more than $75,000 has no time limit.
Credit information reported because of an application for more than $150,000 worth of credit or life insurance has no time limit.
Information about a lawsuit or an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
Adding Accounts to Your File
Your credit file may not reflect all your credit accounts. Although most national department store and all-purpose bank credit card accounts will be included in your file, not all creditors supply information to CRAs: Some travel, entertainment, gasoline card companies, local retailers, and credit unions are among those creditors that dont.
If youve been told you were denied credit because of an "insufficient credit file" or "no credit file" and you have accounts with creditors that dont appear in your credit file, ask the CRA to add this information to future reports. Although they are not required to do so, many CRAs will add verifiable accounts for a fee. You should, however, understand that if these creditors do not report to the CRA on a regular basis, these added items will not be updated in your file.
$$$$$$$$$$$$$$$$$$$$$$$$$$$
Sample Dispute Letter
Date
Your Name
Your Address
Your City, State, Zip Code
Complaint Department
Name of Credit Reporting Agency
Address
City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute the following information in my file. The items I dispute are also encircled on the attached copy of the report I received. (Identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.)
This item is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.
Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please reinvestigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.
Sincerely,
Your name
Enclosures: (List what you are enclosing)
Tom Sheltraw is the content manager of several websites covering all aspects of making and saving money. He owns and operates 10-8.org helping you to Make Extra Cash because, Being Broke .... SUCKS. For a FREE money making report go to:
http://1500ways.10-8.org/tips.htm Click now for your FREE Report! Publishing guidelines: Please feel free to publish this article as long as its contents and resource box remain unchanged.
Exclusive Mortgage LeadsMortgage LeadsLive Mortgage LeadsLive Mortgage LeadsMortgage Lead Transfers
Real Estate Asset Protection
The goals of Real Estate Asset Protection are:
Keep the ownership of the real estate anonymous. Anonymous Panama Corporations and Anonymous Panama Foundations do this extremely well; in fact better than any other jurisdiction we are aware of. Anonymous ownership of real estate reduces your profile as a target for lawsuits and collection attorneys can not go after something they do not know even exists.
If a structure of Anonymity is not practical the next best solution is to take away the attachable equity through the use of lawful mortgages and other encumbrances filed on the property locally by anonymous Panama Corporations or Foundations.
You should only use a Law Firm for asset protection so you have attorney client privilege. The law firm used should be out of the reach of the court where the real estate is located. If a lawyer in your country forms an offshore structure for you what are you going to do when he winds up in the lawsuit with you - defrauding creditors would be one possible allegation, or if he has the judge order him to open up his records concerning you. If you felt the courts, laws, judges, lawyers etc. in your country were fair and equitable you wouldnt be reading this. Dont make the mistake of using a law firm in another country which also has flawed privacy laws. The courts in his country will probably cooperate with the courts in your country.
As a last resort but still a valuable one the asset protection structure should present itself to your pursuing financial adversaries as so burdensome, onerous, confusing, time consuming and expensive that they will accept a settlement from you for a mere fraction of the debt in question. This is an often overlooked positive outcome that lets you keep your property and settle the debts for pennies on the dollar, sort of a bankruptcy without going bankrupt.
Detailed Information Follows:
Today many people in different countries are very worried about their real estate being lost due to court actions leaving them homeless or without their real estate portfolio. Real estate is not portable and unfortunately is one of the first things aggressive collection attorneys go after. Since the ownership of real estate in many jurisdictions is open and transparent, the real estate ownership rolls are often used to determine if a person has enough wealth to go after in a civil lawsuit, in other words it flags you as a target. Real estate ownership records are also used to accomplish identity theft since a lot can be learned about the owner from the public records like when the mortgages were taken out, from which company and for how much, the full names and addresses of the owners, etc. This information is then used combined with other public databases like drivers licenses, phone and utility records etc. to create a profile of the victim which is used to steal their identity. Lack of privacy is invasive and also encourages litigation and criminal activity.
So how do you protect your real estate in as anonymous manner as possible? Some sample strategies are briefly described below.
Mortgages:
One real estate asset protection strategy is to borrow against the real estate using mortgages or trust deeds. Typically in most jurisdictions the borrowed money is not taxable as income since it must be repaid. Usually one can borrow up to 80% of the value of the house. Collection attorneys will not spend money to go after a house with 20% or less available equity. This is also true concerning government collection agencies. It is felt that auctions in the courtroom or on the steps of the courthouse will not bring in more than 80% of the appraised value since these auction buyers are looking for a substantial discount. One important point to be considered is the collection attorney may want to know where the borrowed money from the mortgage is to see if it is within his reach like in the country concerned. If the money is offshore they rarely will pursue it. They are not lawyers outside of their country and must retain local lawyers who usually smell deep pockets and charge high fees for this type of service which will rarely ever has a happy ending for them. The country where the money is may be hostile to such collection actions as is very often the case and makes it hard for these cases to be pursued. These countries often dismiss these cases for lack of venue or jurisdiction. Also the collection attorney from your country often has to post a cash bond to cover court costs if they lose which again deters such actions. The potential problem with the above scenario is now you have a mortgage on property that may have been free and clear. You need to go through a credit check and reveal personal information much of it will wind up in public or semi-public databases like credit agencies databases. Now you have to make the payments and pay the interest rates. There are usually penalties involved if you terminate the lease early. Many of these loans have variable interest rates which can go up and now you have a blood sucking Mortgage Company on your property title. There is a better way.
Your own Mortgage Company:
There is nothing wrong with borrowing money from an anonymous Panama Bearer Share Corporation that to protect its interests places a mortgage on your property. You basically write a mortgage through your corporation to yourself to record on the title of the property you wish to protect. This requires a lawyer in the city where the real estate is to advise you as to how the mechanics and local laws will work when recording your mortgage and pertaining to it. You may need to fund an escrow in the area where the real estate is in some countries to validate the mortgage, but there are work arounds for this as well. After the escrow closes the loan is recorded against the property tying up the equity in the property reducing your profile as a target greatly. You could make the loan at more than 80% of the value like 99% if you so desired. The corporation or an additional corporation could be used to make a second or even a third mortgage. Of course your borrowed money is not taxable and but you do need to make payments with interest to your own corporation. This is a real loan. If one researches you or your real estate they will see encumbered real estate and someone thinking of suing you may think you are not worth the time and expense which is one of our goals. If someone does try to levy or auction your real property they will have to pay the mortgage off from any auction or sale proceeds and if the amount of the mortgage (LTV- Loan to Value) is at least 80% of the appraised value a sale for enough money to pay off the mortgage will be extremely unlikely thus they will not bother spending the legal fees and auction fees. Auction buyers are price buyers, not people looking for a certain home in a certain school district etc. Remember the Panama Corporation owning the mortgage has no listed owner anywhere so it is impossible for ownership to be looked up by a potential financial enemy sizing you up. In any event the obstacle of the mortgage makes normal collection actions immensely more difficult for them if they should try to pierce through the corporate veil. Panama corporate veils do not pierce. They do not know this is your mortgage and that you own the corporation that wrote the mortgage and the only way of finding out would be to take your deposition and ask you. Well for all they know you dont own the corporation, perhaps you did and transferred the ownership, or they might assume you would lie and they could not catch you in your deception, or they may assume it is owned by a friend or relative or whatever else comes into their mind. You are not responsible for their thoughts; this is something they do all on their own. One thing to be perfectly clear on is now collection costs for your financial adversary has now gone up, way up and the person going after your assets has some decisions to make as to how much money they want to spend. The collection attorney is going to be anything but encouraging because he is now in an environment that he does not understand welcome to the jurisdiction of Panama Counselor. He is going to tell your financial enemy that more money is required to pursue this, in the back of his mind not really wanting to pursue this and if he does have to do it he is going to want to get paid big time. When lawyers do not want to do something they charge a lot. Now if the attorney gets into it and finds out the corporation ownership is non-transparent and soon discovers that Panama has tight bank secrecy etc. he will become more frustrated and this means higher fees for your financial enemy. What will the other side do if a Panama Private Interest Foundation owns the Corporation and you can legally say you do not own the Corporation? Panama Foundations really have no owner so you could also say you do not own the Foundation. Welcome to Panama Mr. Collection Attorney. You are not responsible for providing the other side ownership details of a foundation or corporation that is their problem. You can say you do not own the corporation or foundation and that is where it stops as far as you are concerned. Folks when they see a Panama Corporation or a Panama Foundation on the mortgage they are more than likely to drop it right there because they know they are spinning their wheels and will more than likely never get anywhere and spend a ton of money getting nowhere. Remember the collection attorney doesnt deal with Panama Asset Protection scenarios everyday, or even every decade for most of them. He will see things as a brick wall, blind alley, etc and not know what to do. Remember the attorney that is doing the collection can be sued by his client for frivolously spending his clients money and running up a big bill when chances for a positive return are most unlikely.
Line of Credit Mortgage:
There are other ways of protecting real estate assets where no actual funding of a mortgage is required. A line of credit is set up through a Panama Financial Institution that records a trust deed based on the size of the line of credit. This is very similar to what finance companies in the USA do with home equity lines of credit. This also requires you to retain a local attorney in the area where the real estate is located to ensure that proper papers are filed with the local government registry. The line of credit need not be drawn down upon, yet it can still be used to protect your real estate equity, or boat equity, car equity, airplane equity, art collection equity etc. The line of credit can be cancelled at any time by you and within 30 days the mortgage on the property will be released. There are safeguards put in place to ensure you have control over this.
Ronald Edwards is a researcher, with years of experience in finances and real estate.
Mortgage Lead TransfersLive Mortgage LeadsExclusive Mortgage LeadsLive Mortgage LeadsExclusive Mortgage Leads
