Monday, July 30, 2012

Civil Rico Litigation and BP Common Pleading Errors and How BP Can Win the Law Suit

While the recent news doesn't bode well for BP's litigation defense efforts, a plaintiff's lawyer suing BP still has no guarantee of success. In a recent WSJ Law Blog, Oil Spill Lawyers Competing Against BP . . . and With the Government the author points to some of the risks involved with plaintiff's work. For instance, plaintiff's lawyers always take a risk that their expert will blow the case. But, this isn't a post on handling your expert witness (that issue will likely be addressed in a trial advocacy post in the future.) Instead, I will take a look at another issue a plaintiff's attorney needs to be aware of in his/her civil RICO claim.

As I mentioned in my previous posting on this issue, Civil RICO Litigation and BP: Because You Were Wondering the first big hurdle plaintiff's attorney's will be faced with deals with the complaint itself. There will likely be an amended complaint at some point in the near future (perhaps even two or three).

If you have read the complaint, and aren't a seasoned litigator, or if you don't normally handle issues that need to be plead with particularity (Fed. R. Civ. P. 9(b)) than you may be unaccustomed to the pitfalls in which a plaintiff's lawyer may fall. In my own experience, and from my own observations, one of the greatest problems with these kind complaints is whether the language of the complaint connects the allegations to civil RICO.

For instance, it is very tempting to plaintiff's attorneys to say something like "defendant committed fraud" The judge knows the plaintiff is claiming the defendant committed fraud. Saying that over and over in a pleading doesn't make it a proper pleading. Yet that is exactly what many lawyers try to do.

Instead, one should be ready to answer questions like how exactly was the fraud committed? Who committed the fraud? Why was the fraud committed? It need not be sensational. But it does need to create a link to the defendant and the actionable transactions under RICO.

A common tactic plaintiff's use in defending an incomplete initial complaint is to state that specifics will be obtained during discovery. Well, you may be able to get away with that sometimes. However, that answer is much a much easier sell when the pleading doesn't require much beyond a short plain statement.

On the other hand, RICO requires an engagement in a "pattern of racketeering activity" 18 U.S.C. 1962. And, the determination as to whether a pattern exists, is commonly made in favor of the defendant on a 12(b)(6). One of the reasons for this is that attorneys seem to be fond of replacing a tort or several tortious acts for RICO.

To be successful under a RICO claim, more than one transaction is required. Often, however, the pleading will lead the court to determine that the acts complained of consist of only one transaction. 1 One of the troubling issues for plaintiff's attorneys in their pleadings, (or even if they make it past that stage) is the pattern issue.

How can plaintiff's attorneys show a pattern? "[T]o prove a pattern of racketeering activity a plaintiff must show that the racketeering predicates are related, and that they amount to or pose a threat of continued criminal activity." 47 F.3d 1280. (For the sake of brevity here I am only including cites).

The first trouble is of course the relatedness aspect of this test. "[P]redicate acts are related if they "have the same or similar purposes, results, participants, victims, or methods of commission, or otherwise are interrelated by distinguishing characteristics and are not isolated events.'" Id.

Attorneys who do get past the issue of "related acts" still haven't made it past the Court's test. In addition, the Court requires continuity. "The continuity requirement is likewise satisfied where it is shown that the predicates are a regular way of conducting defendant's ongoing legitimate business (in the sense that it is not a business that exists for criminal purposes), or of conducting or participating in an ongoing and legitimate RICO "enterprise." Id.

The plaintiff's, therefore in the BP civil RICO suits, will likely seize upon the first of the two options for continuity. They will likely focus on the facts that show that BP conducts its ongoing business in way that amounts to a threat of continuing or ongoing criminal activity.

Despite the publicity and the size and scope of the oil leak, BP will likely try to prove that the oil leak is the result of a single tort for which a fund has already been created and for which their civil liability is diminished.2 Granted the single tort may be the result of several acts of negligence. However, a bunch of negligence doesn't a civil RICO claim make!

In other words, just because BP is careless doesn't mean they are racketeers.

The above analysis doesn't purport to suggest that BP cannot be found liable under civil RICO. The point is simply to make people aware of the some of the lesser known issues involved. RICO is a complex creature; it has the ability to keep attorneys quiet and busy for long periods of time.

1. 852 F.2d 936; for an interesting discussion of the "pattern" take a look at 492 U.S. 229

2. I direct you to the WSJ Law Blog article at the top

Saturday, July 28, 2012

Term Life Insurance Quotes: Finding The Best Available

When it comes getting insurance for ourselves, there is a surprisingly large number of Americans who have no idea what their insurance policies contain. People generally care about price first and contents second. So when seeking term life insurance quotes, the final figure is the key concern.

The problem is that when a quote seems like a great deal, it is generally because certain elements are left out of the policy. It is cheap insurance, but can end up costing a fortune in the long run. The only way to secure the best possible insurance coverage is to seek multiple online insurance quotes, then sift through them to identify the best.

This may seem time consuming, but the effort is worth it. No-one likes to be ripped off, but unfortunately it takes a keen eye to spot when this is happening, especially in such a complicated area as life insurance.

What to Look Out For

Looking at nothing more than the policy overview is tempting, but to know what the term life insurance quote is really about requires greater examination. There are a series of conditions and stipulations that many people never bother to read over. For example, the value of a policy can depreciate over time.

This is down to a series of reasons, but ultimately, there is a date when the coverage ends, and when this is reached the benefits are often lost completely. So, one of the key parts of the policy to look out for relates to the term of the policy. Online insurance quotes should detail this, and if not, be sure to dig deeper yourself.

It is important not to buy the first policy that is offered. Being wise means checking out the small details of the particular life insurance policy, and can save hundreds in payments every year.

The Difference

When it comes to term life insurance, quotes provided by brokers relate to very different coverage. There are 2 different types of insurance available. The most recognizable is the permanent insurance policy paid for throughout the life of the holder. And at any time, the policy can be cashed in.

However, term insurance is available for only an agreed period of time after which the coverage ceases to exist. When seeking online insurance quotes, it is important to recognize that difference, as there are several points that need to be accepted.

If the term of the life insurance policy is 10 years, then payments will be made for that period, and should any claim be made within that time, the claim will be honored. However, when the term ends, no claim can be made and (usually) no cash back is available. All the money paid is gone.

Finding the Best Quotes

There are many insurance brokers claiming to offer the best term life insurance policies, but none of them can prove that they do. The reason is that the best policy is very much dependent on the specific needs of the applicant.

This is why it is important to get as many as 5 online insurance quotes and compare what they offer before making a decision. The comparison is made easier through the availability of comparison sites, which display the specific terms of each policy.

That way, the terms that most suit can be identified. Even if this option costs a little more, then the investment would be worth it: The important thing is that the chosen life insurance provides the necessary coverage.

Texas Cash Out Refinance Brings More Money To Homeowners

Texas cash out refinance is a special type of mortgage loan that Texas homeowners nowadays can apply for. This loan can be defined as a combination of a refinance loan and a home equity loan. In these conditions, the house owner can apply for a new loan to refinance the current mortgage, but he most add to the necessary amount of money on the home equity, thus ensuing in a Texas cash out refinance loan. This means that the owner will then have to pay the current mortgage loan while carrying on the refinance funds remnants for his or her usage.

If your son for instance is planning to go to college and even if he will receive educational financial support and scholarships, you may have to help him financially for the next four years. You can therefore compare the specific terms and rates for student loans with a Texas cash out refinance option and check if you can make some extra savings. One of the best things with mortgage refinancing is that taxes are already deducted in the interest. Another scenario may be that soon after you purchased a one bedroom and one bathroom house you have to find a bigger home to settle in with your family and have kids. If you still have a mortgage to pay, real estate agents will probably have a hard time trying to sell your property. Because of that, you may pay your existing mortgage using Texas cash out refinance funds. This way you can gain your money back as soon as that property is sold.

Texas Cash Out Refinance
However, there are cases when Texas cash out refinance is not the best option. One of these situations is if you have credit card debts that are far beyond your repayment possibilities and you want to consolidate them and lower the interest rate. Obtaining a ten year financing for your credit can be quite a challenging task, as you would have to keep paying for the credit card bills for ten more years. In this situation, applying for a home equity loan would be the right choice. This is because a home equity loan usually has lower closing costs, and if you have a great credit, you may be able to benefit from no closing costs. However, Texas cash out refinance would require you to pay the same closing costs as the ones with regular mortgage. The only benefit here is that you can generally secure in a lower interest rate compared to the home equity loans.

If you as a Texas homeowner engage yourself to repay a previous loan, you must first ensure you are aware of all the conditions that come with Texas cash out refinance plans and how your situation is affected. The total amount that is going to be repaid is often disregarded by lenders during the negotiation and agreement process. The borrower should be able to fully understand what he or she prepays, including defrayal charges or additional closing costs, as this is going to be his or her new mortgage.

Friday, July 27, 2012

Determine How To Implement A Data Warehouse Infrastructure With Sql Server 2012

The main viewers for this examination are ETL and Details Factory Designers. They are most likely to focus on hands-on perform developing company intellect (BI) alternatives including data washing, Draw out Convert Fill (ETL), and Details Factory execution.

Their main obligations may include:
Mastering data using Expert Details Services
Cleansing data using Details Excellent Services
ETL Program development for data loading/transfer/transformation
Data Synchronization
One-time data or application migration
Ad-hoc data manipulations, transformations
Scheduling ETL jobs
Managing, setting up and Applying SQL Server Incorporation Solutions (SSIS) packages

Credit toward Certification
Exam 70-463: Applying a Details Factory with MS SQL Server 2012: number as credit score toward the following certifications:
MCSA: SL Server 2012
MCSE: Details Platform
MCSE: Business Intelligence

Skills Being Measured

This examination measures your ability to accomplish the technical projects listed below. The rates indicate the relative weight of each major subject place on the examination. The higher the percentage, the more questions you are likely to see on that content place on the examination.
1. Design and Apply a Details Factory (11%)
2. Extract and Convert Details (23%)
3. Load Details (27%)
4. Configure and Set up SSIS Solutions (24%)
5. Build Details Excellent Solutions (15%)

What You'll Learn
In this course, you will understand how to apply information warehouse facilities to support information employee statistics using SQL Server 2012. You will discover how to create an information warehouse with SQL Server 2012, Apply extract, transform, and cargo (ETL) with SQL Server Incorporation Solutions, and confirm and cleanse data with SQL Server Details Excellent Solutions (DQS) and SQL Server Expert Details Solutions.

Data warehouse principles and structure considerations
Select an appropriate elements foundation for an information warehouse
Design and Apply an information warehouse
Apply Details Flow in a SQL Server Incorporation Solutions (SSIS) package
Debug and diagnose SSIS packages
Apply a SSIS solution that can handle small data warehouse plenty and changing data

Integrate reasoning data into a information warehouse environment infrastructure
Apply data washing using MS DQS
Apply Expert Details Methods to use data reliability at source
Extend SSIS with custom programs and components
Deploy and set up SSIS packages
How information workers can consume data from the details warehouse

Who Needs to Attend

Database experts who need to meet up with a BI programmer role focused on hands-on
Perform; developing BI alternatives included data warehouse execution, ETL, and data cleansing

Database experts responsible for an information warehouse, developing SSIS offers for data removal, running, switching, changing, and Applying data reliability using Expert Details Solutions, and washing data using DQS


Knowledge of relational databases
Basic information of MS Windows systems and its primary functionality

Earning this MS Certified Solutions Affiliate (MCSA): SQL Server 2012 qualification verifies that you have the essential abilities needed to develop and maintain mission-critical MS SQL Server 2012 surroundings

MCSA: SQL Server 2012 qualification is your first step towards generating an MCSE: Details Platform qualification or an MCSE: Business Intelligence qualification.

Wednesday, July 25, 2012

An Introduction To Realty Trac Foreclosures

If you've been looking around online for information about buying foreclosures, you've probably come across the name RealtyTrac a few times. What exactly makes RealtyTrac foreclosures so popular and different from the other lists out there, though?

Types of Foreclosures
RealtyTrac foreclosures include pre-foreclosures (default homes), properties soon to be auctioned, and bank- and real estate-owned homes. Their database includes homes from more than 94 percent of U.S. Listings are aggregated from a wide variety of sources and they update the whole database twice a day.

Foreclosure listings
RealtyTrac foreclosures are listed along with a variety of information to help you decide whether or not the property is something you want to investigate further. Some 10 percent of the listings include photos and they're all accompanied by mapping technology that lets you see not only the location, but aerial photos, too.

Their specially designed algorithms provide an estimate of property value for you. This comes along with information on comparable property sales recent sales of nearby homes so you can form your own idea of the property's market value.

Listings of RealtyTrac foreclosures also won't leave you in the dark about critical financial and legal matters like liens, bankruptcy filings, and loans out on the properties. This gives you the chance to pass over any home that might end up too expensive or complicated to bother with.

RealtyTrac is more than just a list of foreclosures, though. The company also provides a wide variety of services. With their interactive mapping system, you can easily search for properties within your chosen geographic area. To keep you up to date, ReatlyTrac lets you set up a profile with your purchase criteria so you can receive email notification whenever a property you might be interested in enters the database. If you want to contact an owner, instead of calling, use RealtyTrac's postcard service to directly contact the homeowner easily for free. Tired of foreclosure lists that force you to transfer listings individually into Excel files or mail merge lists? At RealtyTrac, their software makes large scale data sorting easy.

RealtyTrac reviews
Naturally, before you invest money and time in trying out a foreclosure list, it's wise to take a look at the reviews. Among the companies that have reviewed and use RealtyTrac foreclosure listings are MSN Real Estate, Yahoo! Real Estate, and The Wall Street Journal's Real Estate Journal. These companies use ReatlyTrac's listings and services on a daily basis to keep their readers up to date. Who else is better qualified to provide ReatlyTrac reviews?

Of course, with a company this size, there are bound to be a few complaints here and there.

Some users have found out-of-date listings and have had trouble canceling their subscriptions. With the huge number of ReatlyTrac foreclosures processed daily, it may well happen that some sold homes were overlooked and left in the database for a while. As for subscription cancellations, if you've ever used automatic payments, you know problems can happen with nearly any company, no matter how reliable.

Purchasing access to the database of Realtytrac foreclosures has its pros and cons, but if you're looking for a large national database with homes in all stages of the foreclosure process and access to solid training material, RealtyTrac is worth looking into.

Which Are The Best 2012 Fuel Efficient Sedans

You will find very few 2012 cars that provide superior fuel economy. Actually, average fuel economy of the majority of autos carries on to increase each year. Many of the hybrid sedans give very nice gas mileage, however, the automobile owners often overlook hybrid cars due to their somewhat higher charges.

Let's check out a few of the most effective regular sedans of 2012 to help you opt for an economical car for your regular use.

The Sonata:

Automobile suppliers like Kia and Hyundai came up with some of the most inexpensive and fuel efficient vehicles over the last couple of years. Hyundai Sonata is among these kinds of cars that top the list of fuel efficient cars of the year 2012. Sonata contains a 2.4 litre motor that gives you 184 power. The vehicle provides around 24 mpg city use mileage and thirty-five mpg of mileage on the highway road, which in turn makes it one of the most energy efficient designs of this year.

2012 Optima:

2012 Kia Optima is yet another fuel efficient automobile by the Korean car maker Kia. 2012 Optima does not only offer a superior mileage yet also offers various other fantastic benefits for a good price range of 000. This car has been subject to a complete upgrade within 2012 and is now an instant hit among vehicle buyers due to the classy outer and internal attributes that offer you really great value for money. The 2.4 liter Kia Optima provides 200 horse power with the fuel consumption rate of 24 miles per gallon on city roads as well as 35 mpg on highways.

The Camry

Camry is acknowledged for its balance, control as well as reliability options. The 2012 Camry allows the very same strengths of Toyota Camry as well as better efficiency as well as design. The automobile is roomy, tall and classy. The standard Toyota Camry features 4 cylinders that offer one hundred and seventy eight power. The automobile delivers a normal fuel consumption rate of twenty-five mpg and 35 miles per gallon for city drive and highway use respectively. The starting price of Camry is twenty two thousand dollars, which makes it an incredibly fine value for money for folks who are seeking a good make of automobile at a reasonable cost.

The VW Passat

The 2012 VW Passat comes with the very same engine which may be found on other units from VW. The car provides you with one hundred forty horsepower and a good fuel consumption rate. The normal fuel consumption of VW Passat is twenty-three miles per gallon for city use and thirty one miles per gallon on highway. But Passat is actually a comparatively expensive car in its category. It's priced at twenty six thousand dollars, which makes it much more costly compared to a few of the great hybrid cars. However, Passat delivers exceptional class and comfort, which renders it a very interesting automobile for Volkswagen followers.

The 2012 models described above are definitely worthwhile considering if you are seeking a cost-effective car with superior fuel efficiency. Your own final choice will depend on your budget and some other preferences. And if you're thinking about buying a vehicle within the next couple of years then all these will be the best used cars of this year to pick from in terms of fuel efficiency.

Sunday, July 22, 2012

Benefits Of Kitchen And Bath Remodeling New York Real Estate

There are many home owners looking for a kitchen and bath remodeling New York. These are some of the best projects to do in any home as they add a lot of value to the property. It is an especially important consideration when the owner is thinking about listing the property for sale. Spending plenty of time in the planning stage is essential. There are a lot of decisions to make and it can take some time to get everything ordered and ready to go.

Kitchen's are typically the center of the home. They should be designed with functionality in mind. The major appliances should be arranged in a triangle to create an easy working environment. The planning stage should take place with the help of an experienced designer. A good designer will offer lots of tips and pointers on how to make the most of every inch of space.

Small kitchen's offer their own unique set of challenges. Care should be taken to add every space saving feature possible. Even a tiny apartment can have a great kitchen with the right planning. A room with less natural light will need extra artificial lighting. Windows must be utilized as much as possible. Light colored cabinets are another good way to create a feeling of light and space.

Any one who is reasonably handy will have no problem with the demolition work. In fact, this can be the most fun of the entire project. Ripping out the old counters and cabinets can usually be accomplished in a short amount of time. It is then time to move on to the more time consuming stage of installing all the new materials.

Many people save a lot of money and stay on budget by installing their own cabinets. It does take some basic knowledge of carpentry and also a lot of patience. However, the home owner will get a lot of satisfaction out of completing this task themselves. Those with less experience or confidence may want to hire a professional for this stage. It will cost more but the work will be done faster.

Appliances are an area that require a lot of thought. Many people love the look of stainless steel. It is bold and really makes a statement. Others prefer the look of classic white and look for a matching refrigerator, stove and dish washer. Black is also a popular color for appliances. It works great with a light colored cabinet and a solid grey counter top.

Bathrooms are an important room to renovate. New fixtures and fittings can make a lot of difference to the overall look. The classic white for toilets and sinks is still the number one choice. When teamed with a rich tile color the effect is classy, yet functional.

Kitchen and bath remodeling New York is more than worth the time, trouble and expense. Coming home every day to a welcoming kitchen is really a special feeling. Many people have found that they are far more interested in cooking after they have new appliances, cabinets and counters.

Banquet Halls Have Lots Of Financial Benefits Compared To Your House

No matter what kind of social event you are planning, you should check out local banquet halls for a place to host it. There are plenty of reasons to pay to have it anywhere other than your house. Find out the most helpful advantages of this kind of plan, whether you are having a wedding or large birthday party.

When you host an event at your house, you have a lot of cleaning up to look forward to. Even the cleanest homes often need to be cleaned even better before guests come over. You know a lot of people will be checking out your house, so you will want it to be spotless. This means you either have to do it yourself or spend the money on a cleaning service, so you might as well let local banquet halls do the work for you instead. Plus, hosting the gathering at your home means you have to clean afterward, too, which a hall does not require of you.

In addition, most banquet halls supply at least some furniture. They might have chairs and tables at minimum, and some even offer packages you can pay for to have additional furniture and decorations. If you do not have these items at your house, you will need to either rent or buy it, so you might as well leave it to a local hall to do this job. This way, you will not have to figure out a way to get several large tables to your property and arrange them properly. Instead, hall employees will do this for you.

Another issue you might not think of involves insurance. When you have lots of people at your residence, there is a chance one will get hurt and sue you to pay for medical bills. Your homeowners insurance may cover some of this, but it is not usually much, which is why some people have lost their house because of a lawsuit. By contrast, most banquet halls have higher insurance limits, so they are more likely to be able to afford it if someone gets hurt on their property. They might also have lots of experienced lawyers to fight the suit when possible, and you likely lack this advantage.

Clearly, banquet halls are often even more cost effective than your home for events. If you did not take these details into consideration, you should do so now before you calculate final costs. Then decide what is truly the cheapest choice.

Thursday, July 19, 2012

The Advantages And Disadvantages Of Car Loans

Car loans are very common when a person wants to acquire a vehicle. It is very unusual for an individual to pay for a brand new vehicle in cash unless he or she has extra cash to do so. There are several advantages and disadvantages of getting financing for an automobile.


One of the advantages of getting automobiles through car loans is the fact that the buyer does not need to fork out the entire cost of the automobile just yet. Although most financing schemes have a down payment requirement, it is just a small percentage of the whole price of the automobile. In fact, the percentage of the down payment is something that can be arranged between the buyer and the financing institution. There is a minimum amount required but it is quite low. With a low down payment, the person who wants to buy a vehicle can actually afford one with just a specific down payment. Another benefit of not using up all that money to buy the automobile in cash is being able to use it for other things. The very large amount of cash necessary to purchase an automobile can be used to purchase other necessary things or pay the bills. Saving to pay an automobile in cash can also take a lot of time; time during which the automobile in mind becomes outdated and other newer versions become more expensive, requiring more time to save up. Car loans for second hand vehicles are also available for those who need it. There is usually a limit to the age of the automobile when it is a second hand vehicle as well as a limit to the amount that can be borrowed. Getting financing can also bolster one's credit rating especially if the buyer of the automobile is a good payer.


One of the primary disadvantages of financing a vehicle is the length of time that a person may need to make payments. This is especially true for instances when an emergency comes up and the monthly payment may be used for another purpose. If the owner of the vehicle has already paid the monthly payment for the vehicle, then he or she will not have any money for emergency purposes, as opposed to having paid for the automobile in full and in cash. Financing can tie up one's finances for the span of the time that it lasts. Another disadvantage of getting car loans is paying in monthly increments for the automobile for four to five years with the vehicle depreciating during this time. The interest for the financing can also be quite daunting especially when the buyer chooses to get a longer period of time. Financing can also put a damper on the choice of vehicle that the buyer wants to get. Some companies do not offer the amount that is needed for a specific model or brand and this can be disappointing for the buyer especially when he or she has their heart set for a specific brand model.

Tuesday, July 17, 2012

How Do I Start My Own Cupcake Business?

Have you been told your decadent cupcakes are the best and you should market them? The first step towards your dream is to come up with a creative and catchy name for your cupcake business. Once you have the name, follow these steps and soon you will be on your way to starting your own cupcake business.

Business Name

Register your business name with your state to legally sell your cupcakes. They will issue you a sales tax licence. You will also want to trademark your business name to legally protect it in case down the road you expand your cupcake business or go national with your product.


With loans being scarce, you can build your business on a little money and a lot of creativity. If you get a large cupcake order, ask for a deposit. This will help buy the items needed to fulfill the order. Put all the money made from your cupcake sales back into the business to help build it. Building your business this way takes a little more time, but it will help you keep debt free because you won't have loans to repay.


A creative, attractive label is very important. You can have one designed professionally, but the best idea would be to design the labels yourself. There are inexpensive label programs that offer step by step instructions that are easy to follow. This step will save you a lot of money.

Cupcake Flavors

Offer only a few of your most popular flavored cupcakes when starting your company. Offering too many cupcake flavors can overwhelm a small business starting out. Add more cupcake flavors as your business grows. You can also take orders for specialty cupcakes. Once you figure out your staple flavors, make a brochure with your information and cupcakes offered to hand out to potential clients.

Cupcake Prices

Competitively price your cupcakes so that you make a profit. If you price the cupcakes too high, you risk hurting the success of your business before it begins. Research what other bakeries are selling their cupcakes for in your area. If possible, try to offer your cupcakes for a little less.

Making the Cupcakes

Inquire about bakery licensing laws in your state. Many states offer a homestead license which is issued after they inspect your kitchen. You could also look into renting a commercial kitchen at your local church or VFW.


A great place to start selling your cupcakes is at a farmer's market or craft show. Go to your local markets and restaurants with cupcake samples for them to try. If they love your cupcakes, they will often place large orders that can help to fund your business.

Use these steps as guidance, and soon you will be creating a flourishing cupcake business that will successfully grow each year.

Saturday, July 14, 2012

Mortgage Modification 3 - Home Mortgage & Real Estate Marketing

Mortgage Modification 3 - Home Loan & Real Estate Marketing Nov08 - Scams, Fraud & Loss Mitigation

Attorney Negotiated Mortgage Modification for Home Owners. Expert Advice on Real Estate and Loan Mods. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To

Part 3 (Excerpt)

Beware of phishing schemes and bank scams GMACs clients hit hard

As promised just before the break, I told you to, listen in if you know anyone who has a GMAC Mortgage, this is one of those too good to be true things. Heres the thing, I have no issues what-so-ever with GMAC, thats not what Im saying, what Im saying is there is a scam of sorts that is going around. A client of ours received a letter, we did a second mortgage for this person a few years ago, they received a letter from GMAC, it looked like GMAC, it sounded like GMAC, and it said that we are willing to forgive your second mortgage of 200 and some thousand dollars in lieu of a one time payment, payable within the next 30 days, of say 20 thousand dollars.

I dont recall the exact amount or what it was. There is a phone number on there, it says loss mitigation department on it, a person assigned to this case. They called the phone number, they answered the phone as if you were calling into the loss mitigation department, and verified if you just send us this amount they will release the lien. Well it is completely false. It is absolutely not true.

These people are not going to seek you out on their own, now whether it be GMAC, today we have actually seen that one, there may be other ones out there. Folks, if you are getting stuff like this you need to verify it and you need to verify it by sources other than the information on the letter that you have received. If you get an email that says your bank account has been tapped into you need to check, chances are it is some kind of a phishing scam and this is no different.

We have gone back to identity theft through the mail and if you have been a party to this you need to verify and check into it, and you need to contact the authorities immediately for more information, if you need help with this sort of situation you are welcome to give us a call at 480 Velocity.

It is pretty amazing that that kind of thing still exists, and with the announcement by Paulson today that the fact is they are no longer willing to buy bad mortgages off the books of the banks. When you come across a phishing scam such as this one there is not a bank out there, I dont care what kind of trouble they are in, that is going to take .10 on the dollar to forgive a loan.

In a situation where things are going well, you are right in a situation where things are going well, and the status quo, they are going to be pursued by an attorney, that is entirely different, they are not just going to volunteer up and give you the money, its not going to happen.

Absolutely not and thats where we get back into what a loan modification is, who it benefits, and how it works and so forth, you are starting to see these wheels in motion amongst all of these banks. One of those wheels is certainly not well forgive 0,000 in debt if you write us a check for , 000.

Service Tax On Equipment Leasing And Hire-purchase

Surender Kumar Jain

This article makes a comprehensive analysis of the decision of the High Court in Kerala Non-banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1, wherein a recent issue as to : whether charging of service tax on banking and other financial services which include equipment leasing and hire-purchase, is unconstitutional, has been considered.

1-Vide section 137 of the Finance Act, 2001 service tax is introduced on Banking and other financial services' which include equipment leasing and hire-purchase'. The impugned provisions providing for service tax on Equipment leasing and hire-purchase transactions' are introduced by amending the Finance Act, 1994. The relevant definition of Banking and other financial services' is contained in clause (12) of section 65 of the Finance Act, 1994. Along with the introduction of the definition of Banking and other financial services', the charging section, namely, section 66 of the Finance Act, 1994 is also amended to cover tax on value of taxable services referred to in sub-clause (zm) of section 65(105). The question as to whether charging of service tax on Banking and other financial services', which include equipment leasing and hire-purchase, is unconstitutional, arose for consideration of the Kerala High Court in the case of Kerala Non-Banking Finance Companies Welfare Association v. Union of India [2009] 20 STT 1.

2 - The petitioner No. 1, an association of non-banking financial companies, which was covered under the definition of Banking and other financial services', and its two members, viz., petitioner Nos. 2 and 3 had filed a writ petition challenging the constitutional validity of the impugned provisions of section 137.

3 - These are discussed as under :

(a)- The Parliament has no authority to legislate on hire-purchase and leasing transactions which are subjects left for levy of sales tax by the States under entry 54 of List II of the Seventh Schedule to the Constitution of India.

(b)- After the 46th Amendment to the Constitution introducing clauses (29A)(c) and (d) to article 366, States are authorised to provide for sales tax among other things on hire-purchase and leasing transactions.

(c)- As a follow-up measure, all the States including the State of Kerala introduced provisions in the respective Sales Tax Acts authorising levy of sales tax on hire-purchase and leasing transactions.

(d)- Impugned provisions for levy of service tax on hire-purchase and leasing transactions are discriminatory and violative of articles 14 and 19(1)(g) of the Constitution.

4 - These are as follows :

(a)- Even though service tax is payable on the value of taxable service pertaining to leasing and hire-purchase transactions, the Government of India had vide Notification No. 4/2006-ST, dated March 1, 2006 granted exemption on 90 per cent representing interest income earned by the service provider.

(b)- The Supreme Court had upheld the legislative competence of the Parliament to levy service tax under the residuary entry 97 to List I of the Seventh Schedule in the decisions in Tamil Nadu Kalyana Mandapam Association v. Union of India [2006] 4 STT 308, C.K. Jidheesh v. Union of India [2005] 2 STT 242 and Gujarat Ambuja Cements Ltd. v. Union of India [2005] 1 STT 41 and thereafter, through constitutional amendments entry 92C to List I of the Seventh Schedule and article 268A are introduced expressly giving authority to the Parliament to legislate on service tax.

(c)- The validity of legislation and the grievances of the petitioners should be considered with reference to the aforesaid Notification No. 4/2006-ST, dated March 1, 2006, by which rigour of the levy was neutralized by granting exemption on 90 per cent of the charges received in the hire-purchase and leasing transactions, thereby completely excluding interest on loans from service tax.

5 - It is well-settled that the Constitution by virtue of the provisions contained in article 366(29A) authorises, levy of sales tax on hire-purchase transactions and on leasing of goods and based on the same there is State legislation authorising it.

6 - The legislation applies to all engaged in banking and other financial services and is not confined to members of the first petitioner. In fact, banking companies in the public Sector are also liable to pay service tax on financial leasing service including equipment leasing and hire-purchase . Since the petitioners had not established the parties engaged in the same business who were left out and how they were discriminated, the contention was to be rejected. Similarly provisions of service tax do not take away or create any unreasonable restriction on the fundamental rights of the members of the first petitioner including petitioner Nos. 2 and 3 to carry on business. Therefore, the allegation of violation of article 19(1)(g) also, did not merit consideration.

7 -There is no conflict between the levy of sales tax on the sale or deemed sale of vehicle under the hire-purchase agreement and the service tax payable on services rendered by the financier under the hire-purchase agreement. The provisions contained in article 366(29A) of the Constitution authorising levy of sales tax on the supply of goods under the hire-purchase agreement does not stand in the way of the Parliament levying service tax on taxable service charges received in respect of hire-purchase transactions by the financiers.

It is obvious that levy of sales tax is possible on sale of goods involved in the transactions while service tax can be levied on the service charges received in the transactions. Further, the provisions pertaining to levy of service tax on hire-purchase or lease transactions are not in any way different from the service tax authorised for the large number of transactions under the Finance Act, 1994, the constitutional validity of which is upheld by the Supreme Court. Since incidence of service tax is not on sale of goods or deemed sale of goods pertaining to leasing and hire-purchase transactions covered by clauses (c) and (d) of article 366(29A), the Parliament has authority to authorise levy of service tax on banking and other financial services including equipment leasing and hire-purchase.

Thursday, July 12, 2012

Battling Myths of Payday Loans, Credit Scores, and Debt Solutions

A low cost payday loan is a cost effective way to get your hands on fast money. The low cost of payday loans flies out the window when you extend the loan past the original pay date. The loan may still be helpful, especially if it kept your payments going out on time. Having a plan for your money and following through is one of the best ways to come out of an online payday loan clean and unscathed.

There are some people who think that their credit is pretty high until they pull their report. There is a high percentage of errors which are found on credit reports. If your score is lower than expected, comb through the information looking for mistakes. Human error is easily corrected and when it means a higher score and lower interest payments on your credit, it definitely is a job worth accomplishing.

Some people are leery to check their score thinking it will hurt the overall numbers. Checking it yourself is generally a non-affecting action. it takes hard inquiries from potential creditors to lower your score. You will need to check all three credit reports. Each company works their own reporting meaning you may have errors in any of the three so checking one will only solve one problem not three.

The credit bureaus want you to check your credit. They created so anyone can have access to a free credit report every three months in order to keep tabs on what is being reported. There are many other websites which have tried to emulate this free version by offering a free report from only one of the three bureaus. Others will make you sign up for a low cost look but will keep charging each month unless you remember to cancel the service.

Debt in collections gets sold between collectors. An old debt, which morally would make sense to pay, could possibly be past your states statute of limitations. Making one payment could restart the clock for the debt giving the lender another opportunity to take you to court. If the debt is older than 7 years, it should not even be on your credit report at all and you should forget about trying to pay it. Focus on maintaining your present finances.

Opt for a credit counselor who can help refocus your budget to make your income work for you rather than debt settlement or the last resort bankruptcy option. Choosing an option which will make your credit score suffer more may not be in the best interest of your future finances. Whatever damaging reports the creditors will report is to remain for seven years. Debt settlement programs make take a few years to collect enough money to negotiate the settlement. Once the settlement is made and the creditor is paid, the report will reflect "settled payment" which is still a negative. Your bad credit could continue for another 9 years or more by using a debt settlement company. As bad as bankruptcy is, it could potentially be over faster than debt settlement. Having a second chance at your credit is a great thing. The key here is to learn from your mistakes so your fresh start is built on solid financial ground.

Maintaining high balances or closing credit cards will also lower your score. A credit report wants to see you manage your debt. Do your best to maintain less than 30% of the available balance and rotate the cards to keep them active. You have to prove to potential creditors that you have the money skills to be a good business decision.

Opting for a payday loan to help with debt is not a good decision. These loans expect a payoff which includes the fees in just a few weeks. Usually people who are already carrying a large pile of debt will struggle to pay off the direct payday loan on time. Use online payday loans sparingly and have a payoff plan before signing for the loan. Too many of these loans out eat away at your income. Keep them a low cost option by using them sparingly. The high interest attached to these loans can do too much damage to a struggling budget when not paid off on time.

Tuesday, July 10, 2012

Trend Of Car Leasing Increasing Day By Day

The trend of leasing cars has been increasing amongst various people for personal as well as business purposes. And it is not limited to the state or national boundaries, as this is applicable during the times when we are in the same town or travel out of the state, province or even country. I would also suggest you to go for the right sized vehicle, if you are looking out for cheap car leasing. It is worthless to look for the most expensive cars for one person or two, as it becomes expensive. So, check out for the ideal vehicle if cheap car leasing is the main objective.

Spending a lot of money and buying cars is defiantly not a wise decision as by leasing a car one can easily satisfy his/her personal and business commutation. On the other hand the maintenance cost of theses cars is very cheap. The best part about leasing a cheap car is that you not need to spend much of time in maintaining the vehicle as the owner of the company or the company from where you would leave leased your car.

A number of companies are available in the market which offers cheap car leasing. But obvious you can decide on the time line that you need for cheap car leasing and you will get the vehicle based on the availability. Add on to that you can also book your favorite car if you are planning to lease one. However before leasing one you must give a check to various web sites available on the net to search the companies which offers cheap car leasing. This will enable you to compare with one another and in the end you'll find the best car and best company to go with.

Oriel Vehicle Leasing specialize in providing cheap car leasing for business users and private individuals. If you decide to lease a car or van contract hire with us we will provide you with all the information about the choice of contracts available to you so that you get the car/van and contract that fits your needs best.

Monday, July 9, 2012

Saxon Clueless With Hafa? - Short Sale Classes

In this article we wanted to share some insight into how the HAFA program is being processed by Saxon. When we spoke with Saxon's Short Sale Department, it was clear that the process is still very new to them as they have yet to work through a short sale to closing. What we did gather from Saxon is the current process with closing HAFA transactions. We wouldn't be surprised if Saxon makes changes in the future to improve HAFA transactions.

When the HAFA program kicked in early 2010, many real estate agents were excited to see that some standard processes were put in place to encourage short sales and to help decrease lender response times. As we move through 2010, the real estate industry is yet to see the benefits of HAFA.

1) Initial contact from homeowner - Borrower speaks to the HAFA Short Sale Dept by phone to notify them of wanting to submit a short sale packet via their HAFA program. There is an option to speak with a Saxon Spanish speaking representative as well.

2) Sign Letter of Solicitation - A HAFA Letter of Solicitation is sent to the borrower via US Mail. This letter is to be signed and returned to Saxon via fax or US Mail. If this is not received, the processing of the short sale will not continue.

3) BPO (Broker's Priced Opinion) Completed Saxon will order a BPO and review the report when received to decide how to move forward with the Short Sale. At this point, the BPO value needs to be in line with the purchase offer and if it is not, negotiations will have to occur in order to move the short sale file forward. Send in any market information that supports the purchase offer that was submitted.

4) HAFA Package sent to Borrower Once the BPO is received by Saxon, a HAFA packet is sent to the borrower via US Mail. The borrower completes this paperwork and returns it via US Mail. This paperwork is required to qualify the Borrower under the HAFA program.

At this point, the borrower waits to see if they qualify for the HAFA program. This is important because it will determine the outcome of the approval. Specifically, how much realtor commissions are allowed. HAFA guarantees 6% of commission to the real estate agents and if the short sale is not qualified under HAFA, Saxon may cut this commission down to 5%.

Keep in mind that there is a Short Sale Secrets Department that deals specifically with HAFA transactions and another department that handles non-HAFA transactions. What this means is that there will be different contact numbers to call for status and different negotiators assigned to the file.

If your short sale begins processing with the regular Short Sale Department and it qualifies for HAFA later, it will be moved to the HAFA Short Sale Department and assigned to a new negotiator. If you submitted your short sale file to the HAFA Short Sale Department and it ends up not qualifying for HAFA, it will be moved to the regular Short Sale Department.

In one of our short sale submissions, we had called to verify receipt of a BPO that was ordered by Saxon and they had no updates in their file that a BPO was ever ordered. After some confusion and investigating, Saxon realized that the BPO was ordered via the HAFA Short Sale Department and we had to call a different number for status.

Another item to note is that if you already submitted a short sale via Saxon's non-HAFA Short Sale Department, you can always pursue qualifying for HAFA afterwards and it the file will be moved over to the HAFA Short Sale Department.

If you are unsure whether or not the borrower may qualify for the HAFA program, visit the website If you determine that your borrower would not qualify for the HAFA program, submit your short sale package to Saxon's non-HAFA Short Sale Department. Doing this upfront investigating will help you from wasting time with having your short sale file moved from one department to another and yet waiting for a new negotiator to be assigned.

Chase Unknown to HAFA's Process

In this article we wanted to share some insight into how the HAFA program is being processed by Chase. When we spoke with Chase's Short Sale Department, it was clear that the process is still very new to them and they being that the program is very new, they do not know enough about the program. Chase did not know in too much detail about the HAFA forms Short Sale Agreement (SSA) or the Request for Approval of a Short Sale (RASS).

The standard response from Chase was to visit their website for HAFA information and download the Short Sale Information Packet. After visiting their website, they had no information on HAFA and there was no information on how to qualify for HAFA.

When the HAFA program kicked in early 2010, many real estate agents were excited to see that some standard processes were put in place to encourage short sales and to help decrease lender response times. As we move through 2010, the real estate industry is yet to see the benefits of HAFA. We wouldn't be surprised if Chase makes multiple changes in the future to improve HAFA transactions and we will continue to report any changes that occur.

In order to get better information from Chase with regards to HAFA, we had to contact someone from the executive response team. We were able to gather better information on the process of submitting HAFA short sale transactions.

1) Borrower makes initial contact The borrower must call the HAFA Helpline at 866-326-0086 and request a HAFA Eligibility Letter to be sent to their current mailing address. This letter is received after 5-7 days. If nothing is received after a week, call the HAFA Helpline again to make another request. It is important to follow up on receipt of the letter to ensure your short sale file is moving forward.

2) Borrower receives HAFA Eligibility Letter What is sent to the borrower is the standard Chase Short Sale Information Packet with an additional page specific to HAFA and details all the conditions required to qualify for the HAFA program. To view these requirements on the internet, we were instructed to visit

3) If the short sale file qualifies under the HAFA program, 6% real estate commission are allowed, otherwise they will drop it to their standard 5%. Therefore, it is beneficial to the real estate agents if they go through the process of qualifying the borrower under HAFA.

4) If you submitted a short sale packet, you can still pursue HAFA qualifications. It is our recommendation to verify whether or not the borrower can qualify for the HAFA program upfront to save you some time on processing.

Historically, Chase has been very slow to process short sale transactions, and with additional guidelines with HAFA, we expect Chase to take some time before their negotiators are up to speed with how to process HAFA transactions. It has been WHB Solutions experience to educate Chase short sale negotiators on short sale processes, especially when they are Chase specific.

We have found the negotiators to be easy to work and follow internal guidelines to the T but information shared internally is not always good. On many occasions we have had to share Chase internal processing changes to negotiators assigned on our other files, which ended up working in our favor as the new internal changes allowed us to process our short sale file faster.

It is our recommendation to investigate whether or not your short sale transaction qualifies for the HAFA program upfront as it will help to make sure you can get 6% real estate agent commissions. Also, we encourage you to escalate your questions if the Chase contact you are communicating with cannot give you an answer to your question.

Keep in mind that short sale negotiators in general have a lot of files to work on and follow processes very closely. Do not expect them to go the extra mile to help you structure your short sale transaction that will be to your advantage. All they are looking for is to process and close the short sale file. The motivation is to close as many files as they can as they receive bonuses based on performance.

Dealing with HAFA Transactions in Bank of America's Equator

In this article we wanted to share some insight into how the HAFA program is being processed by Bank of America, specifically how Equator handles HAFA transactions. When the HAFA program kicked in early 2010, many real estate agents were excited to see that some standard processes were put in place to encourage short sales and to help decrease lender response times. As we move through 2010, the real estate industry is yet to see the benefits of HAFA. We wouldn't be surprised if Bank of America makes multiple changes in the future to improve HAFA transactions and we will continue to report any changes that occur.

Currently, we have an existing file submitted in Equator. The borrower called Bank of America to pre-qualify for the HAFA program and we were told the short sale file was flagged as HAFA qualified. However, after logging into Equator, there is no indication that the file was qualified for HAFA, which led to some concern.

WHB Solutions has analyzed and closed hundreds of short sale transactions and we know that when dealing with short sales, verify everything. Do not take the word of someone on the other side of the phone. Therefore, to overcome our concerns about whether or not our short sale file was in fact HAFA qualified, we contacted the negotiator assigned to our file and was informed that he does not work on HAFA transactions!

No calls were ever made to inform us of this fact and we jumped on the phones to Bank of America's Short Sale Department to confirm that our file was in fact qualified for HAFA. We were then told that the file will be assigned to a HAFA negotiator and we should get an update of this new contact in a week. We were also told that the short sale file will remain open in Equator until a new negotiator is assigned. Whew!

We thought we were in the clear with this file but then we realized based on our past experience that when a file moves to a new negotiator the short sale process is interrupted. A BPO (Broker's Priced Opinion) had already been ordered and we were not sure if this BPO would still be valid. We then called back to Bank of America and they mentioned that the BPO would still be valid and would be reviewed by the new negotiator.

Within a week, the borrower was sent a short sale package with specific paperwork on the HAFA program. Keep in mind that Bank of America's guideline is to send this information to the borrower via US Mail and they will not fax or email this information. Most likely, this information is sent certified mail and must be verified as delivered to the borrower for liability reasons.

Summarizing how Bank of America deals with HAFA transactions, expect the following processing events:

1) Borrower makes initial contact The borrower must call Bank of America to get pre-qualified for the HAFA program.
2) Borrower receives HAFA Package Bank of America sends out a Short Sale packet with HAFA information to the borrower's mailing address.
3) Currently, Equator has no way of showing that a short sale file submitted is qualified under HAFA. Bank of America mentioned that it may update their system to reflect this event.
4) If the short sale file qualifies under the HAFA program, 6% real estate commission are allowed, otherwise they will drop it to their standard 5%. Therefore, it is beneficial to the real estate agents if they go through the process of qualifying the borrower under HAFA.
5) If you submitted a short sale packet, you can still pursue HAFA qualifications. It is our recommendation to verify whether or not the borrower can qualify for the HAFA program upfront to save you some time on processing.

Bank of America - HAFA

I have a short sale in progress, currently in Equator. The status is Valuations, and the buyer just called in for HAFA qualification. According to the front line rep, the file was indeed "tagged" with a HAFA notation, and that our current negotiator would remain with the file.

The number 877.452.3908 is the HAFA line for customers, and they run 8am-8pm EST. Currently, the number is heavily impacted, and it was recommended that borrowers call in early to get through. (8am EST is 5am PST).

I asked the negotiator for next steps, and asked if we should upload the SSA and Alternative RASS into the Library for review.

Bank of America - Equator

Race to the finish. Two files - exact same floor plan in the same complex, one started late Jan, the other late March. However, the main difference seemed to be that in the second property, three different escalation requests had to be made in order for the negotiator to be prompted to take action.

First property - Third Party Auth (3/26), Short Sale Submitted (3/29), Negotiator Assigned (4/5), Valuations Stage completed (5/17), First counter submitted 5/14, Accepted 2nd counter 5/18.

Second property - Third Party Auth (Jan 27), Short sale submitted (Feb 2), Negotiator Assigned (Feb 23), 3 escalations submitted until Valutaions completed (5/5), First Counter (5/17), Second Counter (5/19), Accepted 2nd (5/19)

Other notes: Both properties were listed for ,000. The BPO came back on the first at .5K, but still the first counter came in at ,500. Same for the second property - so this shows that the bank is trying to get over BPO as an initial tactic. #1 has a offer price of .5, while the second property has an initial offer price of .5, and because prices have been dropping, has reduced their price to k.


PNC + National City

First loan with PNC, 2nd loan with National City. PNC acquired National City - but the short sale applications are being processed by their respective departments. The reps are still not authorized to speak to one another, which prompted us to created a Third Party Authorization that will allow them to speak to one another

In my case, National City was asking for a large contribution (40%), to approve the short sale, something that the PNC investor would never grant. This prompted us to get managers in each department to speak to one another to resolve, but they were not permitted to do so until they received the Third Party Authorization that allowed them to speak to each other.

PNC does participate in the HAFA program, but needs to check whether the investor behind the loan also agrees to participate.

A best practice that we should always remember to do.

Whenever you get a "win" of any kind from a bank rep, it is a great opportunity to get the contact information of their managers in order to write a "Thank you" letter.

Ricardo was the foreclosure technician who helped me process a postponement. I asked him for his manager's email and followed through with my thank you letter.

Look carefully at what came back - the telephone number of his manager Maria (it's in her signature), and it looks like another manager was cc'd on the email - Quinnie Wright.
Now I have three "go-to" people at Bank of America - Ricardo, Maria, and Quinnie - just from the simple courtesy of sending out a thank you email.

Sunday, July 8, 2012

Get Rid of Unnecessary Debts With a Suitable Illinois Payday Loans Consolidation Program

Making use of an Illinois payday loans scheme is one of the best ways of keeping accumulative debts in check. As a result of the prevailing gloomy economic climate and high inflation, many people have resulted to taking payday loans in order to meet emergency financial needs. If you are such a person, you will ultimately find yourself in a tricky situation due to multiple high interest payday loans. This unfortunate predicament can get worse if you are slapped with penalties or fees for not making your repayments on time. You might even be forced to take out additional cash advance loans to pay off the existing ones. Unfortunately, this is not a good solution, and it may not be enough. Fortunately, there is a solution to the problem of having multiple Illinois payday loans debts.

If you have been saddled with multiple Chicago payday loans, you should consider consolidating all of them. Payday loans consolidation basically refers to a program, whereby, all your existing loans are combined together into one new loan under new terms. The key benefit offered by this scheme is that, instead of making multiple repayments to different lenders, you will be required to make repayments for a new single consolidated loan. The monthly repayments are usually lower due to the reduced interest rate, which usually results from the consolidation. The key thing here is that, your monthly repayments will be much smaller and manageable.

You can apply for Chicago, Springfield or Aurora payday loans consolidation from a financial institution. If your loan situation is more complicated, you may have to seek the services of a debt consolidation specialist or agency. There are two different ways through which you can consolidate all your loans. You can either consolidate your debts using a secured loan or an unsecured loan. The secured loan option requires collateral such as a house or a car. The key advantage of secured loans is that they are usually offered at a reduced interest rate.

With a Chicago, Aurora, or Springfield payday loans consolidation scheme, you do not need to deal with all your creditors. This task will shift to your new single creditor (the consolidation company). This will shield you from their collection calls. The company or bank will collect consolidated loans repayments from you after every moth, and disburse them to your former creditors. However, it is always good to be diligent when using these companies since they are not all the same.

When you want to use any of the Aurora, Springfield, or Chicago payday loans company to consolidate your debts, you should perform a background check on their legitimacy and quality of service. This is very important especially when you want to deal with an online Illinois payday loans consolidating company. Some companies are not ethical, and although they usually advertise for payday loans consolidation services, their main aim is to suck more money from debtors. You should check their status at the local BBB (Better Business Bureau) to see if people have complained about their services. Check their website, and read testimonials of their former clients. Basically, find out what other people who have used their services are saying. This simple process can help you get a good Illinois payday loans consolidation company that will assist you to manage your debts.

Saturday, July 7, 2012

Payday loan in Australia in 60 minutes, Apply now!

We don't want ourselves to run out of cash especially during times of emergency. When we eat out, it is very embarrassing to find out that we don't have the cash to pay for our food in our wallet. In times of emergency and we have to rush to the hospital because we, or someone close to us is in need of medical attention, it is very difficult to do so if we don't have the cash that we need. Or, when we go to the mall and we see something that we really, really like, there is nothing more frustrating than realizing that we don't have the money to but it.

These are just some of the scenarios that nobody wants to get into as much as s/he can. However, there are times that it cannot be helped. No matter how much we prepare and save, every one of us experiences running out of cash at one point in our lives. The usual solution that became really popular back then is to apply for a loan from a bank. As a standard procedure, there are documents that have to be submitted before the loan is granted. At times, the bank also requires collateral to assure that the person applying for the loan will be able to pay back. That was back then. Now, there are instant cash loans that are being offered by payday loan companies in Australia.

What is an instant cash loan, you ask. This type of loan is also known in names such as advance loans, payday advance loan, cash advance payday loan, among others. It is a short-term loan that is being granted to those people who have been experiencing financial emergencies. It has garnered popularity ever since its inception in the market because of the convenient and quick way of applying. The requirements are very easy to meet and do not take a long time to be approved.

When applying for a payday loan Australia, you must be an Australian citizen. You must also have a good-paying job so that you will be able to pay the loan. An active bank account is also required because you will be receiving the money, granting that you are approved to get one, through your bank account. Lastly, the applicant should also be 18 years old. These requirements don't have to take a long time to complete so most working people who are in urgent need of cash turn to cash advance payday loans.

Another good point of cash loan in Australia is that everything can be done online! Interested applicant can get hold of the application form through the Internet and accomplishing it only takes as quick as 5 minutes. This is something that is greatly appreciated by those who have already applied for a payday loan. They were able to apply for one at any time of the day and they didn't have to go to any establishments. Their jobs were not interrupted so they didn't have to hurry whenever they get a short free time from work.

Now, as a new addition to their growing popularity, an application may get approved within 60 minutes! True to its name, instant cash loan may be obtained in the shortest possible time to respond to any one's financial emergencies.

Choose a lending company now and check for your financial emergency.

Source :

Friday, July 6, 2012

Are Debt Consolidation Loans Worth It?

A debt consolidation loan is, as its name suggests a loan that will consolidate all of your debts into one tidy package. The interest rate may be the same as the rates on the existing loans, or it may be somewhat less.

Defining the terms

Make certain that you have reviewed all the terms and clauses included in the debt consolidation loan before signing on the dotted line. For example, you should review the loan length, the interest rate, whether there is a prepayment penalty, and such terms as variable rate, fixed rate and balloon payment. If your consolidation loan applies to existing credit card debt, you should determine whether your cards must be surrendered to get the loan, and whether the balances are transferred to a new card, paid off, or whether you receive the cash and must do the payoffs yourself.


The benefit for obtaining a debt consolidation loan is primarily to save money, but there are other advantages for those who reduce multiple debts to one payment monthly. You can probably save money on the interest rate, particularly if consolidating the debt means you can obtain a lower rate. Another advantage is the benefit of a single payment with a regular due date. You don't have to spend much time paying bills. Just set up an automatic payment and your bill paying is la minor part of your monthly duties. This type of regular prompt payment will make your credit report look better and better

Avoiding the pitfalls

For all the benefits that a debt consolidation loan can offer an individual, there are several drawbacks that you should be aware of before choosing to borrow additional money to solve your debt problems. If you are using this type of loan to bail you out from maxed out credit cards, you should certainly look at changing your spending habits in conjunction with the loan, or you can quickly end up in even more problems with larger debts. Consider getting rid of all your credit cards and switch to one debit card. Don't justify consistent overspending as an emergency. Create a budget and stick to it.

Find the best deal

It seems that finding the best deal would be logical, but many individuals looking for a debt consolidation loan take the first offer that they see and run with it. Often, had they looked further, they would have been able to obtain better terms, better interest rate and other accouterments of the loan. Take the time to review several loans and make certain to ask questions about each of the variables that affect the amount of your monthly payment. You won't want to keep applying and applying, as this can negatively affect your credit score, making the terms less desirable each time.

Reviewing interest rates

The main feature of your debt consolidation loan in most instances is the interest rate you will be charged during the duration of the loan period. Usually the rate of interest that the borrower is assessed depends on the credit report of the borrower. Credit scores higher than 700 make it easier to obtain the loan and generally means the terms of the loan are much more favorable to the buyer.

Monday, July 2, 2012

Top 9 of multidisciplinary practices: the needs of retirees in insurance

Retirees have different insurance needs of their cadets. Leave a legacy, paying taxes at death, to protect the income of the spouse or prevent it from becoming a caregiver living in poverty are much more concerned about who needs the baby boomers and their elders. In a series of two articles, Finance and Investment focuses on how we can meet those needs.

Pay tax at death

Retirees who have worked all their lives to build their wealth sometimes want to leave to avoid a tax liability on their estate. "The fiscal impact is the death of the second spouse. For example, if I transfer my assets to my spouse or partner, there is no tax on death. If I transfer to my children, there is an impact, "said Dominic Paquette, president and founder of Partner Consulting firm Financial Group, a merchant from SFL Partner of Desjardins Financial Security.

A counselor may fill this need through, for example, a policy of permanent life insurance universal life-type, suggesting Mathieu Lefebvre, financial advisor and regional director of sales and production at Excel Financial Strength. "Take a single 60 year old man who happens to retire with a heritage and any tax bill of $ 250 000. If he dies without insurance, the tax claim that it will take $ 250 000 out of its heritage. With insurance, it could cost him $ 6,000 premium per year to ensure a capital of $ 250 000, "he explains.

This strategy has the advantage of sharing the risk between the insurer and the individual and to generate insurance beneficiary's immediate liquidity. "With a life insurance policy, called beneficiaries. At the time of death, we make the claim and the check is made directly to beneficiaries without it passing through the estate. It creates new liquidity even if the asset is capitalized, "said Mathieu Lefebvre.

Leaving a legacy

Life insurance can also be a way to leave a legacy to his family. A client may, for example, meet this need through a term life insurance level premium to age 100. "It can be a way of saying:" I take my money, but I take a life insurance in my death, my children have a minimum of Heritage "," says Mathieu Lefebvre.

In addition, more and more customers' pensioners feel the need to give back to society or a charity, according to Peter Tsakiris, an actuary who works in the Peak Financial Group. He suggests making the gift of a life insurance policy for which the beneficiary is irrevocable agency.

"With a lot less money, we give a lot more money. Take the example of a non-smoking man of 55. Rather than pay a charity $ 100 / month, he contracted a universal life insurance of almost $ 65 000, "he illustrates.

On the tax, the dealer has two choices: either it benefits the deduction on the $ 100 / month for himself during his lifetime or his estate receives a deduction of $ 65 000 at the time of death. The second option allows reducing the tax bill on death. "In both cases, it is excellent for the charity that receives $ 65 000 rather than $ 100 / month," he says.

Protect the living standards of the surviving spouse

The insurance also serves to maintain the standard of living of the surviving spouse. "Often in those who are retiring, Mr. has more assets and pension plan that Madame, because she has less work to care for their children. The impact of the death of Mr. ensured that Madame can greatly reduce their income because, for example, the pension plan is transferable to Monsieur his wife of 50% or 60%, "explains Dominic Paquette. The counselor can then analyze the income from the pension plan and close the gap with a life insurance policy, for example, a temporary 100 years.