Bad Credit Loan - A Friend in Bad Times
by Vipul Jain
Bad credit loans are the loans that are offered to those
borrowers who have a bad credit history. A bad credit history
includes arrears, default, county court judgments, bankruptcy,
etc. You acquire a bad credit score when you fail to make
payments on time. Late payments are detrimental to your chances
of getting a fresh loan. Default in the loan repayment is even
worse and must be avoided to keep a clean credit record.
Traditionally, it is believed that lenders do not offer loans to
the borrowers with a bad credit history. A borrower with a poor
credit rating is considered as a high risk borrower by lenders.
This is because such a borrower has defaulted in the past. Even
if the lender grants a bad credit loan, he will charge a very
high rate of interest to compensate for the risk associated with
such a loan. Because of high interest rate, payment of monthly
installments becomes unaffordable. Another disadvantage of a bad
credit loan is a short loan period. This further increases the
amount of monthly installments.
There has been a change in the attitude of lenders towards bad credit
loans. With the saturation of the traditional loan
market, lenders are treating bad credit loan market as a big
business opportunity. They are offering a variety of bad credit
loans to woo prospective customers. With increasing competition,
lenders are now offering bad credit loans at reasonable interest
rates. A bad credit loan secured against a property will help
you get a low rate loan. Homeowners can use their house to
obtain a secured bad credit loan. Tenants, however,
cannot take advantage of low rate secured loans.
Before applying for a bad credit loan, you must consider
repairing your bad credit score. Close down your unused credit
card accounts. If you are unable to repay your loan, contact
your creditor and explain your problem. Your creditor might come
up with a solution that will help you repay your loan. Your
creditor might waive off some of the outstanding loan amount
thus improving your credit score. For the lender, getting
something is better than getting nothing. You can even take the
help of a professional credit counseling agency to repair your
credit score.
For more information please visit: http://www.e
asy-debt-consolidation-loan.co.uk
Tuesday, June 22, 2010
Unsecured Loan: A Blessing In Disguise For Tenants
Unsecured loan: a blessing in disguise for tenants
by Nidhi Sachdeva
In the recent past, Britain has seen a steep rise in its mobile
workforce. This has prompted a sharp increase in the number of
people hunting for a rented accommodation. Besides work, a
number of other reasons like unavailability of council homes,
divorce etc. may be attributed to the increase in the number of
tenants in the UK. If you are a tenant it is very obvious that
you will not be able to offer a home as collateral for a loan.
In other words, you automatically become ineligible for a
secured loan unless you forward something else like stocks, car
or jewellery as security and your lender accepts them too.
In a situation where your lender is not so understanding and you
need to borrow money urgently, what do you do? To cater to the
financial needs of tenants a different category of loans by the
name of unsecured loans was propounded.
Unsecured
loans are a form of credit that is especially meant for
people who cannot offer collateral. Since, there is no security
provided to the lender, his risk increases several times. To
offset his risk therefore, the lender levies a high rate of
interest.
But unsecured loans also come with several advantages.
Firstly, absence of collateral eliminates the need for
valuation, thus saving you the cost of valuation, arrangement,
solicitor's and conveyance fees. What's more you save time also
and paperwork becomes a lot less hassle prone. Consequently, an
unsecured loan has a swifter approval process.
Your credit score plays a very vital role in the process of
getting your unsecured loan approved. A bad credit score
increases your chances of facing a loan refusal, whereas a
splendid credit history may be rewarded with a low rate of
interest. Basically the point is that your lender needs to be
convinced about your repayment ability. Once that is done, the
rest may just be a cakewalk.
However, if you are refused a loan on account of your poor
credit score, don't lose hope. There are a lot of lenders that
lend money to poor credit holders and that too at easy terms.
by Nidhi Sachdeva
In the recent past, Britain has seen a steep rise in its mobile
workforce. This has prompted a sharp increase in the number of
people hunting for a rented accommodation. Besides work, a
number of other reasons like unavailability of council homes,
divorce etc. may be attributed to the increase in the number of
tenants in the UK. If you are a tenant it is very obvious that
you will not be able to offer a home as collateral for a loan.
In other words, you automatically become ineligible for a
secured loan unless you forward something else like stocks, car
or jewellery as security and your lender accepts them too.
In a situation where your lender is not so understanding and you
need to borrow money urgently, what do you do? To cater to the
financial needs of tenants a different category of loans by the
name of unsecured loans was propounded.
Unsecured
loans are a form of credit that is especially meant for
people who cannot offer collateral. Since, there is no security
provided to the lender, his risk increases several times. To
offset his risk therefore, the lender levies a high rate of
interest.
But unsecured loans also come with several advantages.
Firstly, absence of collateral eliminates the need for
valuation, thus saving you the cost of valuation, arrangement,
solicitor's and conveyance fees. What's more you save time also
and paperwork becomes a lot less hassle prone. Consequently, an
unsecured loan has a swifter approval process.
Your credit score plays a very vital role in the process of
getting your unsecured loan approved. A bad credit score
increases your chances of facing a loan refusal, whereas a
splendid credit history may be rewarded with a low rate of
interest. Basically the point is that your lender needs to be
convinced about your repayment ability. Once that is done, the
rest may just be a cakewalk.
However, if you are refused a loan on account of your poor
credit score, don't lose hope. There are a lot of lenders that
lend money to poor credit holders and that too at easy terms.
YOUR ROAD TO BECOMING A REAL MILLIONAIRE
YOUR ROAD TO BECOMING A REAL MILLIONAIRE
by Daegan Smith
Health is wealth but economics has taught us a great deal about
the consequences of being devoid of wealth. It can be painful,
sickening and discouraging at best.
Truly, poverty is a choice. Whatever you are doing, it will have
a direct impact on how you determine your life in the future and
how your finances will determine the way you live your life in
the days to come.
However, it is important to realize that many of our actions are
the springboard by which we take our leap to chalk up the
much-needed abundance necessary to live your life to the
fullest; travel places, buy things you needs, satisfy your
wants, and indulge on the most expensive real-life getaway.
While these seem easy to do, the question still remains as: ìHow
can you become a millionaire without you waiting a lifetime?î
The next section provides suggestions and insight on how the
most popular business people in the market have risen to be one
of the top money-making individuals in their lifetime and how
they managed to maintain their money-making skills while keeping
those hard-earned dollars in their pockets.
Determine What You Want
Perhaps if you are a teenager, your number one priority would be
surviving all the hardships beset to you as a teen such as mood
swings due to erratic hormonal attacks, the troubles of puberty,
and your dealing with schooling.
While these are significant and forms part of our daily dealings
with life, the fact of living focuses on earning money and how
you as a person should be empowered to share the wealth the
world has to offer.
In any case, the desire to become rich is something that one
person takes early on. This becomes his commitment and number
one priority and uses every opportunity along the way to bring
him/her one step closer to achieving that dream.
Jennifer Kushell, President and Co-founder of Young & Successful
Media Corp is a perfect example of a young woman who thought of
building his huge empire of business enterprise and be her own
boss and create tool by which everybody can learn while looking
for ways to developing their own money-generating machineries.
She started with her own hand-painted t-shirts when she was in
her teenage years and created an online interactive media by
which young people can interact with one another and share
experiences about money-making and at the same time providing
them with tips on how to start their journey through the world
of entrepreneurship.
At the outset, you have to know exactly what you want and what
is important to you, something which you want to do and cherish
for the rest of your life. If affluence is good for you in all
aspects of your life, there are ways to do it. Everything is a
matter of choice.
As Professors Richard McKenzie of the University of
California-Irvine and Dwight Lee of the University of Georgia
had put it, ìMost people in America got rich because they chose
to do so, and they pursued a path to wealth that is wide open to
most of the rest of us. Indeed, becoming rich is a matter of
choice.î
Work on Individual Steps Towards One Goal
The road to richness is bumpy and full of obstacles. Perhaps,
the best defense as you go through this road of uncertainty is
perseverance. Focus on your goals and never lead astray from it.
Sergey Brin, co-founder of Google search engine share similar
experience in this road to success. Together with, Larry Page,
they left school to develop their university project, a search
engine project, which will provide an online tool where people
will find most of their needs online, organize the wealth of
information on the net and make searching a bit less
complicated.
It must have taken time to develop such technology but their
effort has proven its worth along the way. They did not let
discouragement from classmates and professors to interfere with
their goals yet used them towards the fulfilment of their
dreams.
Manage Money Well
Successful and financially stable people have one thing in
common: they do not spend more than what they earn, and they
invest! You may realize that indulging on expensive clothing,
cars, house accessories, technologies, etc, are stripping you of
your valuable resources which can otherwise be used to other
means and make them multiply.
Not living beyond your means is one way of putting yourself at
risk of unstable financial situation, worst, bankruptcy. Give up
those luxury and start managing your finances.
Take the Risk
About 4% of all Americans, that is around 11 million of the
entire population are rich. The secret? They invest! Put up your
own business or take on a partnership role with a reliable
friend.
Buy some stocks or have others use them for you while gaining
some amount of percentage out of the borrowed money. There are
limitless possibilities to becoming rich and one valid way to
doing this is by taking those little risks and opening yourself
up for a possible blow on the waist when things work hard for
you.
by Daegan Smith
Health is wealth but economics has taught us a great deal about
the consequences of being devoid of wealth. It can be painful,
sickening and discouraging at best.
Truly, poverty is a choice. Whatever you are doing, it will have
a direct impact on how you determine your life in the future and
how your finances will determine the way you live your life in
the days to come.
However, it is important to realize that many of our actions are
the springboard by which we take our leap to chalk up the
much-needed abundance necessary to live your life to the
fullest; travel places, buy things you needs, satisfy your
wants, and indulge on the most expensive real-life getaway.
While these seem easy to do, the question still remains as: ìHow
can you become a millionaire without you waiting a lifetime?î
The next section provides suggestions and insight on how the
most popular business people in the market have risen to be one
of the top money-making individuals in their lifetime and how
they managed to maintain their money-making skills while keeping
those hard-earned dollars in their pockets.
Determine What You Want
Perhaps if you are a teenager, your number one priority would be
surviving all the hardships beset to you as a teen such as mood
swings due to erratic hormonal attacks, the troubles of puberty,
and your dealing with schooling.
While these are significant and forms part of our daily dealings
with life, the fact of living focuses on earning money and how
you as a person should be empowered to share the wealth the
world has to offer.
In any case, the desire to become rich is something that one
person takes early on. This becomes his commitment and number
one priority and uses every opportunity along the way to bring
him/her one step closer to achieving that dream.
Jennifer Kushell, President and Co-founder of Young & Successful
Media Corp is a perfect example of a young woman who thought of
building his huge empire of business enterprise and be her own
boss and create tool by which everybody can learn while looking
for ways to developing their own money-generating machineries.
She started with her own hand-painted t-shirts when she was in
her teenage years and created an online interactive media by
which young people can interact with one another and share
experiences about money-making and at the same time providing
them with tips on how to start their journey through the world
of entrepreneurship.
At the outset, you have to know exactly what you want and what
is important to you, something which you want to do and cherish
for the rest of your life. If affluence is good for you in all
aspects of your life, there are ways to do it. Everything is a
matter of choice.
As Professors Richard McKenzie of the University of
California-Irvine and Dwight Lee of the University of Georgia
had put it, ìMost people in America got rich because they chose
to do so, and they pursued a path to wealth that is wide open to
most of the rest of us. Indeed, becoming rich is a matter of
choice.î
Work on Individual Steps Towards One Goal
The road to richness is bumpy and full of obstacles. Perhaps,
the best defense as you go through this road of uncertainty is
perseverance. Focus on your goals and never lead astray from it.
Sergey Brin, co-founder of Google search engine share similar
experience in this road to success. Together with, Larry Page,
they left school to develop their university project, a search
engine project, which will provide an online tool where people
will find most of their needs online, organize the wealth of
information on the net and make searching a bit less
complicated.
It must have taken time to develop such technology but their
effort has proven its worth along the way. They did not let
discouragement from classmates and professors to interfere with
their goals yet used them towards the fulfilment of their
dreams.
Manage Money Well
Successful and financially stable people have one thing in
common: they do not spend more than what they earn, and they
invest! You may realize that indulging on expensive clothing,
cars, house accessories, technologies, etc, are stripping you of
your valuable resources which can otherwise be used to other
means and make them multiply.
Not living beyond your means is one way of putting yourself at
risk of unstable financial situation, worst, bankruptcy. Give up
those luxury and start managing your finances.
Take the Risk
About 4% of all Americans, that is around 11 million of the
entire population are rich. The secret? They invest! Put up your
own business or take on a partnership role with a reliable
friend.
Buy some stocks or have others use them for you while gaining
some amount of percentage out of the borrowed money. There are
limitless possibilities to becoming rich and one valid way to
doing this is by taking those little risks and opening yourself
up for a possible blow on the waist when things work hard for
you.
Refinance Home Mortgage Loan With Poor Credit - 3 Tips On Getting Approved
Refinance Home Mortgage Loan With Poor Credit - 3 Tips On
Getting Approved
by Carrie Reeder
Refinancing your home mortgage is the cheapest type of credit
you can access when you have a poor credit history. Based on
your property's value and equity, you can pull out cash for home
improvements or to consolidate bills. Or you can decide simply
to reduce your rates and monthly payments. To get the best deal
on your next mortgage loan, follow these three tips.
1. Check Out Rates
Before you dive into a mortgage contract, check out rates first.
This will give you an idea of what you can borrow and at what
rates. It will also help you find the most competitive lender
for your type of credit.
At this point, you don't want to give permission for financing
companies to look at your credit report. Too many credit
inquires can really hurt your credit score. While loan estimates
aren't guaranteed, they can give a good idea of loan costs,
especially if they ask about your credit score.
2. Do Some Preventative Maintenance On Your Credit Report
Prior to completing a loan application, do a check up on your
credit report. It doesn't hurt to check for any mistakes. And
you may be surprised to find that you actually have a decent
credit history.
If you have the chance, pay off part of your debt to improve
your loan application. Having several accounts with low balances
rather than one or two maxed accounts will also help you qualify
for better rates.
3. Opt For Easier Terms
Sub prime lenders offer a variety of mortgage loan terms to help
you qualify for lower rates and payments. In general, adjustable
rate mortgages offer the lowest initial rates. The risk,
however, is that your payments will increase if rates go up.
But be open to lender suggestions. They may offer a unique
package that meets your future financial goals. For example,
some mortgages refi after two years if your credit score
improves.
In today's financing market, you don't have to be worried about
getting approved or not for a refinanced mortgage. You should be
concerned over finding the lowest costing financing. Luckily,
online lenders make the search so much easier.
Getting Approved
by Carrie Reeder
Refinancing your home mortgage is the cheapest type of credit
you can access when you have a poor credit history. Based on
your property's value and equity, you can pull out cash for home
improvements or to consolidate bills. Or you can decide simply
to reduce your rates and monthly payments. To get the best deal
on your next mortgage loan, follow these three tips.
1. Check Out Rates
Before you dive into a mortgage contract, check out rates first.
This will give you an idea of what you can borrow and at what
rates. It will also help you find the most competitive lender
for your type of credit.
At this point, you don't want to give permission for financing
companies to look at your credit report. Too many credit
inquires can really hurt your credit score. While loan estimates
aren't guaranteed, they can give a good idea of loan costs,
especially if they ask about your credit score.
2. Do Some Preventative Maintenance On Your Credit Report
Prior to completing a loan application, do a check up on your
credit report. It doesn't hurt to check for any mistakes. And
you may be surprised to find that you actually have a decent
credit history.
If you have the chance, pay off part of your debt to improve
your loan application. Having several accounts with low balances
rather than one or two maxed accounts will also help you qualify
for better rates.
3. Opt For Easier Terms
Sub prime lenders offer a variety of mortgage loan terms to help
you qualify for lower rates and payments. In general, adjustable
rate mortgages offer the lowest initial rates. The risk,
however, is that your payments will increase if rates go up.
But be open to lender suggestions. They may offer a unique
package that meets your future financial goals. For example,
some mortgages refi after two years if your credit score
improves.
In today's financing market, you don't have to be worried about
getting approved or not for a refinanced mortgage. You should be
concerned over finding the lowest costing financing. Luckily,
online lenders make the search so much easier.
American Express Blue Cards: Which Blue Is For You?
American Express Blue Cards: Which Blue Is For You?
by Ed Vegliante
Times certainly have changed for American Express. Gone are the
days where the American Express card was simply a charge card
that had to be paid off in full every month. Yes, the old
workhorse - the green card - is still available and popular too.
However, American Express decided to take MasterCard and VISA on
directly by offering its own line of credit cards. These "blue"
cards have been such a hit with consumers that the admired
financial giant is now offering four different blue cards from
which consumers can choose. Each American Express blue card is
different, so let's take a look at just what makes each one so
special.
American Express Sky Blue, The Ultimate Travel Rewards Card
Sky Blue - If you are tired of all those rewards cards that
promise you a weekend in Las Vegas, but can only deliver you an
overnight stay in Providence, then the Sky Blue card should
appeal to you. Touted by American Express as putting an end to
travel reward card restrictions, Sky Blue goes where no other
American Express blue card has gone before it. With absolutely
no black out dates and no travel restrictions, the Sky Blue card
allows for card holders to travel where they want, when they
want. But, it even gets better: 0% introductory APR and no
annual fee; discounts on airline tickets, hotel stays, and car
rentals. You even get free coverage on rental car insurance and
travel accident insurance with Sky Blue.
Blue Cash For Cold, Hard Cash
Blue Cash - If it is cold, hard cash that you want, then there
isn't a card that matches the American Express Blue Cash card.
This is no 1% or 2% cash back card; the Blue Cash card is one
that really works for card holders as it gives back 5% cash on
just about everything you buy. Save 5% on gas. Save 5% on
drugstore visits, on the bills you pay, and on so much more.
Best of all, you don't have to worry about redeeming your points
as every year American Express will give you your earnings back
to you in the form of a big fat credit to your account!
The Original Blue: The American Express Blue Card
Blue - The American Express Blue card was the card that got the
whole blue movement rolling. Although it isn't as power packed
with the features found in Sky Blue or Blue Cash, the Blue card
is still a worthy choice. If you select "Blue" you get 0% APR
for up to 15 months, 4.99% APR on balance transfers for the life
of the loan, and you will earn points toward the American
Express free rewards program. Yes, there is no annual fee with
the Blue card either!
Jet Blue: The Airline And The Card
Jet Blue - Named for the airline it represents, the American
Express Jet Blue card allows card holders to accumulate points
toward free Jet Blue Airways flights. Using the card the very
first time nets users a cool 5,000 points right off the bat. You
can also get double points at many places where you like to shop
or eat.
As you have read, the competition for credit card carrying
customers is heating up. With an American Express Blue Card you
can receive benefits not available to customers of competing
card companies. What are you waiting for? Put an American
Express Blue Card in your wallet today and reap all of the
rewards!
by Ed Vegliante
Times certainly have changed for American Express. Gone are the
days where the American Express card was simply a charge card
that had to be paid off in full every month. Yes, the old
workhorse - the green card - is still available and popular too.
However, American Express decided to take MasterCard and VISA on
directly by offering its own line of credit cards. These "blue"
cards have been such a hit with consumers that the admired
financial giant is now offering four different blue cards from
which consumers can choose. Each American Express blue card is
different, so let's take a look at just what makes each one so
special.
American Express Sky Blue, The Ultimate Travel Rewards Card
Sky Blue - If you are tired of all those rewards cards that
promise you a weekend in Las Vegas, but can only deliver you an
overnight stay in Providence, then the Sky Blue card should
appeal to you. Touted by American Express as putting an end to
travel reward card restrictions, Sky Blue goes where no other
American Express blue card has gone before it. With absolutely
no black out dates and no travel restrictions, the Sky Blue card
allows for card holders to travel where they want, when they
want. But, it even gets better: 0% introductory APR and no
annual fee; discounts on airline tickets, hotel stays, and car
rentals. You even get free coverage on rental car insurance and
travel accident insurance with Sky Blue.
Blue Cash For Cold, Hard Cash
Blue Cash - If it is cold, hard cash that you want, then there
isn't a card that matches the American Express Blue Cash card.
This is no 1% or 2% cash back card; the Blue Cash card is one
that really works for card holders as it gives back 5% cash on
just about everything you buy. Save 5% on gas. Save 5% on
drugstore visits, on the bills you pay, and on so much more.
Best of all, you don't have to worry about redeeming your points
as every year American Express will give you your earnings back
to you in the form of a big fat credit to your account!
The Original Blue: The American Express Blue Card
Blue - The American Express Blue card was the card that got the
whole blue movement rolling. Although it isn't as power packed
with the features found in Sky Blue or Blue Cash, the Blue card
is still a worthy choice. If you select "Blue" you get 0% APR
for up to 15 months, 4.99% APR on balance transfers for the life
of the loan, and you will earn points toward the American
Express free rewards program. Yes, there is no annual fee with
the Blue card either!
Jet Blue: The Airline And The Card
Jet Blue - Named for the airline it represents, the American
Express Jet Blue card allows card holders to accumulate points
toward free Jet Blue Airways flights. Using the card the very
first time nets users a cool 5,000 points right off the bat. You
can also get double points at many places where you like to shop
or eat.
As you have read, the competition for credit card carrying
customers is heating up. With an American Express Blue Card you
can receive benefits not available to customers of competing
card companies. What are you waiting for? Put an American
Express Blue Card in your wallet today and reap all of the
rewards!
American Express Blue Cards: Which Blue Is For You?
American Express Blue Cards: Which Blue Is For You?
by Ed Vegliante
Times certainly have changed for American Express. Gone are the
days where the American Express card was simply a charge card
that had to be paid off in full every month. Yes, the old
workhorse - the green card - is still available and popular too.
However, American Express decided to take MasterCard and VISA on
directly by offering its own line of credit cards. These "blue"
cards have been such a hit with consumers that the admired
financial giant is now offering four different blue cards from
which consumers can choose. Each American Express blue card is
different, so let's take a look at just what makes each one so
special.
American Express Sky Blue, The Ultimate Travel Rewards Card
Sky Blue - If you are tired of all those rewards cards that
promise you a weekend in Las Vegas, but can only deliver you an
overnight stay in Providence, then the Sky Blue card should
appeal to you. Touted by American Express as putting an end to
travel reward card restrictions, Sky Blue goes where no other
American Express blue card has gone before it. With absolutely
no black out dates and no travel restrictions, the Sky Blue card
allows for card holders to travel where they want, when they
want. But, it even gets better: 0% introductory APR and no
annual fee; discounts on airline tickets, hotel stays, and car
rentals. You even get free coverage on rental car insurance and
travel accident insurance with Sky Blue.
Blue Cash For Cold, Hard Cash
Blue Cash - If it is cold, hard cash that you want, then there
isn't a card that matches the American Express Blue Cash card.
This is no 1% or 2% cash back card; the Blue Cash card is one
that really works for card holders as it gives back 5% cash on
just about everything you buy. Save 5% on gas. Save 5% on
drugstore visits, on the bills you pay, and on so much more.
Best of all, you don't have to worry about redeeming your points
as every year American Express will give you your earnings back
to you in the form of a big fat credit to your account!
The Original Blue: The American Express Blue Card
Blue - The American Express Blue card was the card that got the
whole blue movement rolling. Although it isn't as power packed
with the features found in Sky Blue or Blue Cash, the Blue card
is still a worthy choice. If you select "Blue" you get 0% APR
for up to 15 months, 4.99% APR on balance transfers for the life
of the loan, and you will earn points toward the American
Express free rewards program. Yes, there is no annual fee with
the Blue card either!
Jet Blue: The Airline And The Card
Jet Blue - Named for the airline it represents, the American
Express Jet Blue card allows card holders to accumulate points
toward free Jet Blue Airways flights. Using the card the very
first time nets users a cool 5,000 points right off the bat. You
can also get double points at many places where you like to shop
or eat.
As you have read, the competition for credit card carrying
customers is heating up. With an American Express Blue Card you
can receive benefits not available to customers of competing
card companies. What are you waiting for? Put an American
Express Blue Card in your wallet today and reap all of the
rewards!
by Ed Vegliante
Times certainly have changed for American Express. Gone are the
days where the American Express card was simply a charge card
that had to be paid off in full every month. Yes, the old
workhorse - the green card - is still available and popular too.
However, American Express decided to take MasterCard and VISA on
directly by offering its own line of credit cards. These "blue"
cards have been such a hit with consumers that the admired
financial giant is now offering four different blue cards from
which consumers can choose. Each American Express blue card is
different, so let's take a look at just what makes each one so
special.
American Express Sky Blue, The Ultimate Travel Rewards Card
Sky Blue - If you are tired of all those rewards cards that
promise you a weekend in Las Vegas, but can only deliver you an
overnight stay in Providence, then the Sky Blue card should
appeal to you. Touted by American Express as putting an end to
travel reward card restrictions, Sky Blue goes where no other
American Express blue card has gone before it. With absolutely
no black out dates and no travel restrictions, the Sky Blue card
allows for card holders to travel where they want, when they
want. But, it even gets better: 0% introductory APR and no
annual fee; discounts on airline tickets, hotel stays, and car
rentals. You even get free coverage on rental car insurance and
travel accident insurance with Sky Blue.
Blue Cash For Cold, Hard Cash
Blue Cash - If it is cold, hard cash that you want, then there
isn't a card that matches the American Express Blue Cash card.
This is no 1% or 2% cash back card; the Blue Cash card is one
that really works for card holders as it gives back 5% cash on
just about everything you buy. Save 5% on gas. Save 5% on
drugstore visits, on the bills you pay, and on so much more.
Best of all, you don't have to worry about redeeming your points
as every year American Express will give you your earnings back
to you in the form of a big fat credit to your account!
The Original Blue: The American Express Blue Card
Blue - The American Express Blue card was the card that got the
whole blue movement rolling. Although it isn't as power packed
with the features found in Sky Blue or Blue Cash, the Blue card
is still a worthy choice. If you select "Blue" you get 0% APR
for up to 15 months, 4.99% APR on balance transfers for the life
of the loan, and you will earn points toward the American
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Jet Blue: The Airline And The Card
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Stealing Your Home From Underneath You - The Growing Problem Of Title Fraud
Stealing Your Home From Underneath You - the Growing Problem of
Title Fraud
by Donna Lewczuk
Imagine this. A Canadian homeowner - a successful professional
with a lovely home in a nice neighbourhood - arrives home after
work one day to find a "For Sale" sign on his lawn. Imagining
that it may be a practical joke, he asks his wife if she's
unhappy with the house! But his wife has no idea why the sign is
there, or who put it up. It turns out that the couple are the
victims of title fraud - a crime that's on a worrisome rise here
in Canada.
How is it possible? While there are several variations on the
crime, the basics are usually the same. The fraudster will
target a home and falsify legal documents to create a convincing
paper trail to "prove" their ownership of the home. They then
proceed to mortgage the home and disappear with the money.
Often, the rightful owners will have no idea what's going on
until a financial institution tracks them down to demand
payments on a loan they never knew existed. In some cases, the
fraudsters have actually stolen their identity: an especially
difficult twist for the homeowner, who must also clear his/her
name.
The easy access to electronic data -- on both people and
property -- may be contributing to the rise in title fraud,
which is costing homeowners and financial institutions millions
of dollars each year. And though it's a serious challenge to the
lenders, it can be financially devastating to the homeowner.
Fortunately, Canadians have access to some protection against
title fraud. A growing number of Canadian homeowners are
purchasing "title insurance": a product that offers some
specific protections against title fraud and other potential
pitfalls:
· A new survey shows a minor zoning violation that will require
a variance - a process that will delay the close of the sale.
Title insurance may allow the sale to close on time.
· Several months after moving in, a new owner discovers that the
heating ducts were cut off in an amateur renovation, done
without permits. Title insurance could cover the cost of the
repair and related expenses.
· An older property has the lenders worried: though there's no
evidence of any problem, there is no survey for the property,
and no record of permits for water or septic. Title insurance
may provide lenders with the confidence to proceed with the
mortgage.
Not surprising, title insurance is gaining support among both
lenders and lawyers, who see the value of this kind of increased
homeowner protection. Although some protection exists through
your lawyer's "errors and omissions" insurance - and the Land
Registry has an assurance fund in place that may be helpful -
homeowners have learned the hard way that accessing these monies
can take time, legal hire, and money (potentially a lot) on
their part. On the other hand, title insurance - available at a
modest, one-time cost - gives you immediate payout on a wide
range of title problems. Best of all, title protection insurance
is not limited to new purchasers only - it's now available to
current homeowners as well.
In case you're wondering, the couple in the story above - which
is based on one of the case files of Canada's leading title
insurance company - did eventually regain title to their house.
But it's a cautionary tale. Next time you make any changes to
your mortgage, make sure to inquire about title insurance.
Title Fraud
by Donna Lewczuk
Imagine this. A Canadian homeowner - a successful professional
with a lovely home in a nice neighbourhood - arrives home after
work one day to find a "For Sale" sign on his lawn. Imagining
that it may be a practical joke, he asks his wife if she's
unhappy with the house! But his wife has no idea why the sign is
there, or who put it up. It turns out that the couple are the
victims of title fraud - a crime that's on a worrisome rise here
in Canada.
How is it possible? While there are several variations on the
crime, the basics are usually the same. The fraudster will
target a home and falsify legal documents to create a convincing
paper trail to "prove" their ownership of the home. They then
proceed to mortgage the home and disappear with the money.
Often, the rightful owners will have no idea what's going on
until a financial institution tracks them down to demand
payments on a loan they never knew existed. In some cases, the
fraudsters have actually stolen their identity: an especially
difficult twist for the homeowner, who must also clear his/her
name.
The easy access to electronic data -- on both people and
property -- may be contributing to the rise in title fraud,
which is costing homeowners and financial institutions millions
of dollars each year. And though it's a serious challenge to the
lenders, it can be financially devastating to the homeowner.
Fortunately, Canadians have access to some protection against
title fraud. A growing number of Canadian homeowners are
purchasing "title insurance": a product that offers some
specific protections against title fraud and other potential
pitfalls:
· A new survey shows a minor zoning violation that will require
a variance - a process that will delay the close of the sale.
Title insurance may allow the sale to close on time.
· Several months after moving in, a new owner discovers that the
heating ducts were cut off in an amateur renovation, done
without permits. Title insurance could cover the cost of the
repair and related expenses.
· An older property has the lenders worried: though there's no
evidence of any problem, there is no survey for the property,
and no record of permits for water or septic. Title insurance
may provide lenders with the confidence to proceed with the
mortgage.
Not surprising, title insurance is gaining support among both
lenders and lawyers, who see the value of this kind of increased
homeowner protection. Although some protection exists through
your lawyer's "errors and omissions" insurance - and the Land
Registry has an assurance fund in place that may be helpful -
homeowners have learned the hard way that accessing these monies
can take time, legal hire, and money (potentially a lot) on
their part. On the other hand, title insurance - available at a
modest, one-time cost - gives you immediate payout on a wide
range of title problems. Best of all, title protection insurance
is not limited to new purchasers only - it's now available to
current homeowners as well.
In case you're wondering, the couple in the story above - which
is based on one of the case files of Canada's leading title
insurance company - did eventually regain title to their house.
But it's a cautionary tale. Next time you make any changes to
your mortgage, make sure to inquire about title insurance.
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