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What is Capital One Cash Advance Credit Card?
Introduction: Credit cards have become the main means of money transaction in the present age of trade and commerce. We require the credit cards more than the traditional paper money for more transfers or transactions for the simple reason that they are far more effective and flexible, with much more security than them. The credit cards have also become the major means of transaction handlers in the present day environment. The usage of Credit cards is not just limited to the On-line environment but also in all other fields of trading and marketplaces. In Canada the major credit card issuer is Capital One, which has the major share of the Credit card market in that country. Its popularity and brand recognition is because of the security and lower interest rates with higher credit limits than its competing Credit Card issuers. Let us see much in detail about the Capital One's Cash Advance Credit Card.
Cash Advance Credit Card - What it is: Cash advance is a service provided by most of the credit card issuers and their credit cards. They allow the user to withdraw cash upto a certain limit, which is in most cases the credit limit of the person, or a percentage of it. The Cash Advance that has been acquired has an increased rate of interest than the ordinary transactions that are done using the credit cards. These Cash Advances are also to be given by the banks, if the person provides the proper identification and the credit card. The person need not provide his PIN Number to the cashier who is in-charge of the transaction. This service is provided by the Capital One and the person can get money from the ATM's using this credit card.
Capital One Cash Advance Credit Card: This service is enabled as default in the Capital One standard Platinum Card and in the Capital One No Hassle Cash card. The minimum amount a person can take from an ATM for a Cash advance is ten dollars. The Rate of interest is at three percent of each cash advance that has been withdrawn. There is also a late fee and advance fee for getting this money from a bank. The Capital one's interest rates are far lesser when compared to other Canadian Companies that issue Credit Cards. Also the Capital One Credit Card ensures that the money can be got anytime from any bank in the country. Such is the network of its transactions.
Usage of Cash Advance: Though this Cash advance scheme may sound a little tempting it is advisable to use it with caution. This is because the interest rates differ from the normal transactions, and keeping track of this might get difficult resulting in non-payment of bills that would ensure the credit score of the person to fall. The Cash Advance Credit Card from Capital One is also available to the person with average credit scores unlike other credit card companies that require the person to have at-least a good credit score. Hence these are the possibilities and advantages of the Capital One's Cash Advance Credit Card.
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What is Canadian Tire Master Card compared to Capital One?
Introduction: Credit cards have become the new medium for transactions and are aptly called plastic money. They are, in many ways, a lot better than the traditional paper money. The companies like Capital One and Canadian Tire are the major players in Credit Card market of Canada.
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The two firms offer several products and credit cards that provide reward programs and competitive interest rates. They offer a variety of choices for the user, that allows the person to choose what the product he or she need with an affordable interest rates. The Capital One MasterCard offers better options with lower interest rates and better benefits. Let us see the comparison between the Canadian Tire Master Card and the Capital MasterCard.
Canadian Tire Master Card:
The Canadian Tire Master Card is available in three types the Platinum Card, Gold Card and the Silver Card. The differences between these cards are their credit limits and the interest rates charged in every transactions using the cards. The Platinum Canadian Tire Master Card has a interest rate of 26% with no annual fee.
The Canadian Tire master card has three other types of master cards like the Options Master Card, The Gas advantage Master Card and the Cash Advantage master Card. These cards are issued to the users based on their choice of services and the previously mentioned types are issued based on their credit status or by their credit scores. The latter cards are very much useful if the person is looking out for cash back rewards and incentives for their attachment with the company. Now let us see about the cards and services that are provided by thee Capital One financial services.
Capital One Master Card: The Capital One Master Card has a lower interest rate and a number of low interest cards. These low interest master cards have interest rates of between 16.8% and 19.8% but with zero annual fee. Even if the Capital One doesn't have the annual fee rates, the cumulative expense from the cards differ in favor of the Capital One Master Card. The Capital One Master Card has three main types: the Aspire Travel Platinum MasterCard, Aspire Cash Platinum MasterCard, and Priority Club Platinum MasterCard.
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The Credit limits of these cards vary from highest to the lowest. The Capital One Credit Card also does not require high credit scores like the Canadian Tire Master card. The credit score required only the average. The Capital One Master Card also has excellent rewards programs for the Credit card holders like the Aspire Travel Platinum MasterCard which offer good incentives the card holder. The other types of Capital One master card that are available are the Capital One Guaranteed and Capital One Secured Master Cards. These services and rewards programs offered by the Capital One have made it the better option and it has increased the popularity and reliability of Capital One as a brand. What is Canadian Tire Master Card compared to Capital One?
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What is Credit Card Help?
The advent of credit cards has forever changed the global financial market industry. Its ease of usage and convenience are factors that explain its tremendous popularity amongst consumers of various financial backgrounds. Almost everyone seems to own a credit card from one of the several banks providing the product. Since the concept of credit cards often leaves certain ambiguities on the part of the consumer, most credit card companies offer credit card help through their website or by a customer care service which can be accessed by phone.
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Capital One is one of the highly established credit card profvders that do not compromise its customer service by providing sufficient credit card help to its clients whenever their help is needed. Their FAQ section in their website can reliably answer any general questions that you may ask to learn more about credit cards, how to apply for them, how to choose the appropriate card for you, etc. Their customer service department is very efficient and prompt at answering any queries from their customers and from those interested in getting a credit card. Any report of a lost or stolen card can be made immediately at their toll free number, which is available 24x7, so you do not end up paying any unauthorized purchases.
With hundreds of companies offering several credit cards and with each having unique features, it becomes really difficult for consumers to decide which credit would suit him or her the most. Such credit card help can be provided with ease by the Capital One website itself. It's Find a Card tool is extremely helpful in choosing the card that is best for you. By answering three simple, straight forward questions, one's dilemma can be solved without any hassles.
While choosing the best card for you, the tool will ask you about the feature you are most concerned about, in a credit card. You will also be asked to rate your own credit in terms of being excellent, good, needs improvement and in the process of being established. Also, the first question that you will be asked is whether you already own a Canadian credit card or not. Answer these questions and let the machine decide which the best option is best for you. Such credit card help is rarely seen in any other credit card company in the business.
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If you cannot rely on the credit card help provided by a machine, you can help yourself by visiting the Capital One website and comparing the various credit cards that are offered by Capital One. All the cards offered are listed on the same page and parameters such as interest rate, annual fee, eligibility, etc. can be easily compared for all the cards simultaneously. Special features, such as cash back on certain purchases, are also mentioned with other details. When it comes to credit card help or help in choosing the best credit card, Capital One seems to be the best option for everyone regardless of their credit history. What is Credit Card Help?
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What is a Credit Card Balance Transfer? You might be wondering what this credit card balance transfer is all about if you are a new customer to these credit cards. This is one of the services that are provided by the credit card companies like Capital One that can help you save a lot of money by simply transferring your high interest balances from the other credit cards, loans and also retail cards. All this is transferred to your Capital One master card.
Hence to do this you have to own one of these Capital One master cards. This is applicable to those staying in the country of Canada. So the next question that arises is why you will have to make use of this balance transfer service that is provided by Capital One. The first reason is that you can save a lot of money on all that you have spent. Next you get to transfer all your balances to the low interest rate credit cards of yours that are from Capital One and hence you will be able to consolidate all the debts that you have in to one monthly payment that is really simple.
So how much will you be able to save is yet another question that comes to your mind when you will be applying for this Capital One credit card so that you have easy access to the credit card balance transfer. Capital One also provides you with a calculator that calculates your balance transfer savings. It is now easy to use. You will also find that in a very short period of time you will be able to save much more by transferring the high interest balances to a Capital One card of a low interest. You also have Capital One with their very many services to help you just in case you do not know how to go about things.
Initiating a balance transfer is one thing that most of the new customers have doubts on. All you need to do is to call the customer relations that operate twenty four hours every day of the week. You can also log in to the online banking site and transfer the balance. Online credit card balance transfers are quick and also very easy for you to perform. The best thing is that you can do it at any point of the day. To make sure that your balance is gone to the right place you can also make a quick check on the balance transfer when you log on to the online banking.
You can make use of this credit card balance transfer with Capital One for all personal loans, similar accounts, auto loans plus the credit cards like master card, visa and also American express. In addition to all this you can also use retail cards. Balances from other accounts of Capital One is not allowed to be transferred. This sort of a credit card balance transfer service is available in Canada for all Canadian accounts. All your requests will be processed in Canadian dollars. What is a Credit Card Balance Transfer?
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What is a Credit Card Balance? Credit card balance is something that can really help a lot in improving the rating of your credit. One thing that you ought to keep in mind is that you should never ever be late with your payments when you make use of your credit cards. This is because your credit rating will actually go down and put you in a situation that is bad. There are also many other factors that add to the things that go into the determination of the credit score of yours. Credit card balance is one of those things that make a difference in that credit rating of yours. Credit scores reflect anything and everything that go on from the loan defaults, late payments and go up to foreclosure.
If you are a person who pays your bills on time with your loan payments as well as debts, do not have any repossessions or collections, not declared for bankruptcy then it is most unlikely that having a credit card balance will actually have some effect on that rating of your credit. This is very true in the country of Canada. It is not that it is not the same in other countries but still it does matter a lot here.
As Capital One suggest if you have no form of creditor even if you are recovering from a credit that has been bad then a credit card is sure to help you build good credit even if not great credit and hence offset that bad history of yours with your credit. A secured credit card does not cost you so much and hence this is provided by Capital One even though you are not earning an income that is good enough. However you need to be careful about applying for these credit cards as some of them will need some credit inquiries which will actually put a black mark on your name as well as your credit report. Most of the lenders are deterred if they sight more than about four credit inquiries in a period of six months.
Once you have a Capital One credit card in your hand then you can make purchases that are small and then pay it off as soon as possible or even immediately. This for sure will help you build your credit. As you keep doing this, you become stable and then you can make purchases that are larger and also maintain a balance on that Capital One credit card of yours. Make sure that you pay off that required amount right on time. It is also important that you keep in mind that the rate of interest on these credit cards is high. So if you make small payments overall then it will cost you a lot in the long run. So try paying as much as possible when you can and at one go, instead of small amounts every now and then. What is a Credit Card Balance?
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What is Capital One Cash Back Platinum Master Card with No Hassle Rewards? In the real world of today, credit cards have achieved a commonplace stature and things have reached a situation wherein life cannot just move on without that little piece of plastic, craving for your touch. So obviously, the market for such little geniuses is extremely enormous and has always led to newer vistas in credit card sales.
Speaking of the company as such, Capital One was founded in 1988 by Richard Fairbank and Nigel Morris and is now one of the leading players in the credit card market, apart from making inroads into the loans, savings and auto finance sectors too. Capital One’s operations began in Canada in 1996 with the opening of its head office at Toronto. However, unlike in the USA, Capital One does not operate outside the credit card sector. It is the second largest customer of Canada post. Capital One now offers to you the Capital One Cash Back Platinum Master Card with No Hassle Rewards.
This Capital One Cash Back Platinum Master Card with No Hassle Rewards credit card is certainly a one of its kind card in the Canadian market. It is an exclusive card on offer for Canadian residents only. The customer gets to choose from a check or a statement credit. Adding to the existing irresistible features is the bonus of no upper bounds on earning being set by the company. So whatever be your salary, you shall enjoy unequivocal benefits as any other customer of the card does.
The Capital One Cash Back Platinum Master Card with No Hassle Rewards should be your priority certainly because you can claim the reward money at any time of your ownership of the card. You need not let it build to a certain amount before collecting the promised sum, or rather worse, wait until the end of the year before you can get your reward sum like other cards of this nature. In addition to this, you start earning rewards right away from the word go. Any average credit card amortization period would always require you to spend 5000 dollars before you qualified for a reward. However this Capital One Cash Back Platinum Master Card with No Hassle Rewards card helps you earn the dollars, right from the moment you have signed the application form.
However, over and above the above given benefits, the greatest asset of the Capital One Cash Back Platinum Master Card with No Hassle Rewards card is that you can use it at just about anywhere you would want to – for your groceries, at the supermarket, gas station- almost anywhere where the plastic currency is accepted. As far as this card goes you will never find any purchase too small. And as per our estimates, on purchases that reach till a limit $3000, the customer gets to enjoy a 0.5% cash back annually as returns. For example, if this credit card pays you 1% back, and your bills total $2500 a month, you qualify for about $25 in cash each month. That amounts to an amazing $300 a year, just for using the credit card for a period of one year.
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What is a Credit Card Interest Rate
What is a Credit Card Interest Rate? Whenever you take a loan, you are expected to pay a certain percentage of the loan as interest to the lender in compensation for lending you the money. Since credit cards are also a form of loan where you spend the money from the bank first and then repay it later, you are expected to pay an interest on them. This rate which decides how much additional amount you pay for your cards is called credit card interest rate. This interest rate depends on a number of factors such as credit history of the borrower, amount of money being borrowed, securities, etc.
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The main factor that influences credit card interest rates is the credit history of the borrower. If you have defaulted on your payments or declared bankruptcy, it could give a bad credit history. This means that you will be charged a higher rate of interest as compared to a person with a good credit history. Sometimes a person with a bad credit history will have difficulty in getting a loan. However having a bad credit history is better than not having one at all. People with no history might be charged with even higher rates of interests.
Most credit card companies only require you to pay a minimum amount every month for your credit cards depending on your credit card interest rate rather than the full payment. You can then pay up the rest of the loan later on. This is very useful for people who have limited income at the time such as seasonal workers. They can pay the required minimum amount and pay up the full amount when they have the funds.
However using a credit card that has a balance left on it could be troublesome sometimes, especially if your credit card interest rate is high. This is because the more balance you carry, the higher will be the interest charged and you will spend more time trying to repay the loan. Although it is good practice to invest your money, investments hardly have interest rates that match credit cards and whatever gains you make on your investment might be negated by the interest on your credit cards. Therefore it is better to use the money you plan on investing to repay the balance on your card.
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Capital One, which has its Canadian headquarters in Toronto, is one of the leading credit card companies in the UK, Canada and the US. Canada One offers a variety of credit card plans that caters to your needs. The low credit card interest rates they offer are really enticing and is one of the best deals available in the market! They also offer online banking facilities making all your transactions much easier. A relationship with capital one is bound to be beneficial, transparent and secure. What is a Credit Card Interest Rate?
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What is a Credit Card Limit?
Credit cards have become an integral part of everybody’s lives. They give us the convenience of buying now and paying later when we have the cash. However it is not all fun. All cards are set a credit card limit. You will not be allowed to spend more than this limit. This is simply for the sake of security to ensure that you don’t spend more than what you can repay to the banks. This makes sure that banks and credit card companies do not suffer huge losses on account of your overspending.
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The credit card limit varies from person to person. There are a number of factors that determine what the set limit for a person is. Some of these include the card holder’s credit history, his or her income that will determine how much of principal and interest that person can pay, the total assets that the borrower owns, etc. The credit history is important as it indicates the reliability of the borrower. If you have made your payments on time, paid more than the required minimum and gotten out of credit as soon as possible, it reflects well on your credit history. This means that you will automatically get a higher limit as compared to a person with a bad credit history.
The second important factor that determines credit card limit is the income the borrower gets and his or her ability to repay the loan. A person with a higher income or with more resources at his or her disposal will have a higher limit for obvious reasons. The lower your ability to pay back the credit, lower will your limit to protect the bank from losses.
The credit card limit is also dependant on the recoverable assets. Higher the value of the assets you own higher will be your limit and vice versa. This is to ensure that in case you defunct, the assets will save as security for the financial organization or Credit Card Company and can be used to compensate for their losses.
Having a credit card with higher limits is always beneficial. This is because not only do you have enough to spend on what you need but it will also ensure that you do not exceed your limit accidentally. Also this will enable you to carry fewer cards rather than a number of cards with low limits. Fewer cards mean lesser interests and will ultimately save lots of money. annuity income
Capital One is a bank based in USA having operation is USA, UK and Canada. They have emerged as world leaders in credit cards thanks to the various plans they have to offer that are mutually beneficial. They have won a number of awards and accolades and have made a good reputation for themselves. Rated amongst the top banks in the world, they offer cards to customers with credit card limits that will be enough for you to get everything you might need in life. What is a Credit Card Limit?
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Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries
Introduction: Credits and debts have become thee way of life for most people at this present technological age. The trade and marketing industry survive based on credits and trusts. These credits are provided by large Banks to the industries and companies. The plastic money provides people with short term credit and gives them the independence to get or buy whatever they want, provided they are within their range of earning and income. Canada the land of promises has its own range of Credit Card Providers and Companies that give Credits and loans. The most famous of these is the Capital One Credit Card. This is the major Brand Name for Credit Card in Canada. It has a very high reputation and trust among the common users of the country. But to get to this place the company has to go through various hardships and marketing strategies. So what are they?
Cash Back Rewards and Free Miles Programs: People would not easily buy an object without first testing it or experiencing it. So usually samples are handed out. In this case the marketing strategy was to give the customers a lot of benefits and having various rewards programs. In the process of hoping to get these rewards and reward points, people bought this card initially. Later the service and the reliability impressed them more than the rewards programs, which brought the company customer loyalty. People started coming back for more. In a process of encouraging this practice, the Cash Back Rewards program was announced. It was initially reward program for the Master Card range applicable to the purchase of Gasoline and the groceries along with daily provisions.
The Master Card contains a lot of benefits and the reward program has the following features. The person gets cash back of 2% instantly on all Gasoline purchases in the fuel stations and pumps. The card also offers the same 2% cash back for the groceries purchased through this card. The Guaranteed cash back is also for other purchases but the cash back is only 1 %. The person earns back the cash spent and also lots of other prizes, making use of this Capital One Cash back Guaranteed MasterCard for Gas and groceries. The best thing about this is that the person can choose the method of getting the cash back either by the usage of cheques or by cash or by a credit statement that would be deducted if said so from the credit statement.
Also the best advantage of the usage of this card is that there is no limit of how much a person can get back from the Capital One for the Cash Back guaranteed Reward for Gas and Groceries. This reward program has got the full support of the public and this can also be cited as the main reason for the success of this company and its credit services. This card also has the option for including another user in the same card with no extra fee with fraud liability being 0. The Customer Care is also a 24/7 service servicing the users. Capital One - Cash Back Guaranteed MasterCard® for Gas & Groceries
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What is a Credit Card (APR)
-Annual Percentage Rate?
The term APR or the annual percentage of rate, is the yearly rate of interest applied to a credit card as compared to a payment that is done every month on a particular date as that is applied on mortgages, credit cards or loans. It is a charge of finance that is expressed annually.
In simple words, the nominal credit card APR or annual percentage rate is the interest rate for a whole year. A credit card's APR is the total of the fee as well as the compounded rate of interest that is calculated over one year. It is so easy you do not need to contact an attorney to understand the process.!
low interest credit card. The card offers the following benefits:
• Enjoy a low, long-term rate of 5.99% on purchases and balance transfers, guaranteed for 3 years (as long as you pay your bills on time)
• After 3 years your rate will stay low and become a variable rate of Prime +6.99% on purchases and balance transfers
• Annual interest rate for cash advances is 19.8%
• No annual fee
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- Posted July 30, 2009 by Monty Loree
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What is TD High Interest Credit Card?
Even though there are people trying to save their money, they still get a high interest credit cards that the market is offering with the least interest rate possible. You must be wondering why people are buying these high interest credit cards. Below are the features of the TD high interest credit cards.
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There are people who are getting the TD high interest credit card. Those TD high interest credit cards with no fee at all are the cards that people are looking for because they can save money on these credit cards even if they are paying a high interest rate to maintain these credit cards. Most of these credit cards will need some minimum balance that is required to keep your card running.
The TD high interest credit cards do not require this minimum balance that costs around thousands of dollars. This is an advantage that most of the users like about the TD high interest credit card. Also, the TD high interest credit cards have lots of free features which includes stuff that is related to finance. You do pay frugally to live more happily with these TD high interest credit cards.
The TD high interest credit card does not charge for balance transfers. This feature entices people to own this type of credit card. You also do not have to worry when you travel because travel fees are reduced and more services are given to you free of charge. You do not have to pay so much when you are traveling. and can save a lot of money at the same time. The TD high interest credit cards can calculate the savings that you can make. This is a great feature that TD high interest credit card is offering.
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- Posted July 30, 2009 by Monty Loree
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How to apply online for a credit card?
The credit card has become an indispensable tool for many of us. As the demand and necessity for credit card grows, credit card companies come up with new ways to meet these needs. One of the many marketing come ons by these credit card firms is by allowing prospective customers to apply credit cards online. Online application for credit card is very convenient because you can fill up your applications anywhere as long as you have a computer and an internet access. This is one of reasons why many customers prefer to apply online for a credit card.
Capital One is a diversified bank that offers various financial services and specializes in credit cards, banking, home loans, auto loans, etc. It is based in McLean, Virginia but has operations in many other countries. It started its operations in Canada in 1996 and specialized in credit cards unlike its diversified parent company in the U.S. Its Canadian office is located in the city of Toronto, Ontario. It is one of the Fortune 500 companies and is credited for pioneering the mass marketing of credit cards in the early 1990's.
As mentioned above, Capital One - Canada focuses mainly on the credit card market. It has been named one of Greater Toronto's Top Employers in October 2008. This proves the company's success in marketing the credit cards. One strategy the company uses to promote its credit card is to allow its customers the option of applying online for a credit card. This is very popular among Canadian customers. And as most people today are computer savvy, applying credit cards online is not only convenient, it is very easy.
Before applying online for a Capital One credit card, the first thing that you have to determine is the type of credit card that you want or need. It is important to note that the credit card needs to serve a purpose and should not be used as just something flaunt about. To find out what type of credit card suits your needs, go to Canada One-Canada website of call their customer care department.
The different types of credit cards that capital one offers its customers are Delta SkyMiles®, Gold MasterCard®, SmartLine™, Platinum MasterCard®, Fusion™ Platinum MasterCard®, Low Rate Guaranteed Secure MasterCard, Capital One Guaranteed MasterCard, etc. Once you decide on the type of credit card you need, make sure that you satisfy the eligibility criteria. The eligibility criteria basically take into account the annual income of a person and his age. You can then apply for the card you want online and you will receive it within a period of time. What is bank interest charges?
In Canada, Capital One is a very prominent financial institution which was established in the year 1996. Its parent company is in the United States of America. In Canada, it is head quartered at Toronto, Ontario. This bank caters mainly to the credit card industry and has not diversified much unlike its parent company in the United States. It is a very successful company globally and in Canada having featured in the Fortune 500 companies and it was voted as one of Greater Toronto’s top Employers in October 2008. The Capital One company has single handedly pioneered the mass marketing of credit cards in the early 1990’s. This could possibly be the reason why many Canadians prefer to have a Capital One guaranteed secured mastercard.
When it comes to getting a credit card, a lot of thought needs to go into it before one decides on what to buy. To start with, one should know what purpose the credit card has to serve. Only when this is decided can one choose from the different types of credit cards the company has to offer its customers. Next is to make sure that the eligibility criteria are met. This mostly includes the annual income of the person who is applying for the credit card and his or her age. When all this is done, one can apply for a credit card and get it. Applying for a credit card can be done either online or by visiting the company in person, whichever is more comfortable for the customer.
When one sees whether a credit card is good or bad, it has its own advantages and disadvantages. It is difficult to classify any credit card as a good credit card or as a bad credit credit card. It is the user who ultimately makes it a good credit card or a bad credit card. If the customer has a bad credit record, it will obviously to problems and then one might say it is a bad credit card. Sometimes, for people with a bad credit history, it will be difficult to get a credit card. Even in such situations, it is possible to get a credit card but it is ultimately up to the customer to keep it from becoming a bad credit card. It is important to keep in mind that almost everything in this world has a bad side to it and it is up to us to ensure that the bad side does not affect us.
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What are Canadian Tire Low interest Credit Cards?
Introduction: Credits and loans are the way of life for many people. It is not uncommon for many people to use these plastic money in their daily transactions.This practice makes some people hooked on online and credit based transactions instead of the usual transacting in paper money. Credit card companies provide card holders with credit cards with the credit limit based on the person's credit score.The Low Rate Guaranteed MasterCardis one of the leading credit card vendors servicing for various needs and satisfying the customers.
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Canadian Tire Low Interest Cards and Low Rate Guaranteed MasterCard®: The Canadian Tire credit cards are very popular and cater to the different needs of their customers. These cards are broadly classified into High Interest Credit Cards and Low Interest Credit Cards. These cards popularity is based on their rewards programs, the high credit limit and the corresponding nominal interest rate and the medium credit score requirement.
The various cards that are available in the market include the Canadian Tire Options Master Card, Canadian Tire Links Master Card, and Canadian Tire Commercial Link Master Card. But the Interest rates of these cards are much higher than the Capital One Credit Cards. The Canadian Tire Low Interest Cards have an interest rate of nearly 26% and they require a fair credit score.
The Capital One Low Interest Cards the average interest rate is at 9.99% for the platinum type credit card and it has an annual interest rate of 19. 8 % for short term credits. Incase it is a longer term or three years minimum the rate becomes 9.99%, if the customer pays the bills regularly. The Low Rate Guaranteed MasterCard® offers these features:
- Low annual interest rate of 14.9% on purchases and balance transfers
- Annual interest rate for cash advances is 19.8%
- May help you strengthen your credit history
- Security funds may be required
The main advantage of Capital One's Low Interest Cards is that it is free to transfer debts using this card and there is no need for service charges but the trade off is the approval of this loan. This card gets sanctioned only when the person has a good Credit scoring rate. The next type of card is the Low Interest Rate Guaranteed Secured Master Card. This one has a guaranteed approval but the interest rates are 19.8%.
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The advantage of the card is that the interest rates are very low when compared to other credit cards. The card can also help regain the credit rating score and the person can also update the report with this attained data. The next type of card is the Capital One - Low Interest Rate Guaranteed Master Card®. This card is a scaled down version of the previously described credit card. The advantage of this card is that it provides $0 fraud liability and there are various ways that the credit score can be updated using this type pf card. All the three above mentioned credit cards can improve or decrease a person's credit report and the holding of the various credits and debt transfers. What are Canadian Tire Low interest Credit Cards?
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What is a Capital One – Low Rate Guaranteed MasterCard?
In today’s horrible economic climate, it is totally understandable if a person has bad credit, that is, if they have a bad history of not being able to pay their credit card bills or if they have declared bankruptcy. This is because of the considerably large amount of people that are laid off each month while no new job opportunities are being created. Thus in these times of financial crisis, these people deserve all the help they can get in order to survive and make it through the bad weather. In that respect, Capital One, Canada’s number one financial organisation has come out in fine style with their recently released Capital One – Low Rate Guaranteed MasterCard schemes and offers.
Wondering just what exactly this is? Well, this is a credit card that has criminally low interest rates and that requires little or no credit history. Thus if you suffer from a bad credit history that prevents other credit card organisations from being able to trust that you will be able to make the monthly payments for the credit card, then Capital One – Low Interest Rate Guaranteed MasterCard is the option for you. You will be approved for this card even if you had just declared bankruptcy. All that is required of you, to maintain a good credit relationship with Capital One once you purchase the Capital One – Low Rate Guaranteed MasterCard, is to make sure that you make the monthly payments.
As long as you are able to manage that, then there is no problem in keeping the credit card and using it on a regular basis. A major advantage with this type of credit card is the amazingly low interest rates that accompany it. This can really be a major step towards stabilising one’s financial affairs since it means that you will be able to save more cash each month that can be used into the next month. Since most of the worries for the people who were hit by the financial crunch is where the money is going to come for the next month, a little bit more saved in this one would certainly ease the pressure on next month.
With the Capital One – Low Rate Guaranteed MasterCard, there is the added benefit of having no annual fee either. This makes it one of the cheapest credit cards available as no other credit card offered by any of Capital One’s rival companies offer anything at this level of low prices. This might not seem like much since the annual fee is just a small amount that is paid once a year, but once you consider other factors like the service fees, penalties, etc., it is easy to see that Capital One offers you the best deal with no hidden expenses. Thus if you are one of the millions in the country suffering from the economic collapse, then fear not, because Capital One has faith in you, and you can have complete and utter faith in Capital One – Low Rate Guaranteed MasterCard. What is Capital One – Low Rate Guaranteed MasterCard?
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What is a Credit Card Approval?
Credit card approval is very much needed if you need to use a credit card. Earlier it took longer to get your credit card approved as it had to go through a number of stages before it got approved. Hence once you applied for a credit card it would take you some time to make use of it.
But today we get credit card approval instantly. With this instant approval it makes it easier for people to use their credit cards as soon as they have applied for one of these cards. You can apply for this credit card approval online.
Once it is found that your credit card is qualified then you normally receive a mail via the internet to your mail account. This happens really fast within a few seconds of sending in the application. So now you do not need to wait for long before you get your credit card approved. Generally people with a real good credit get their credit cards approved really fast. This is available in the country of Canada today and hence there are more people who are looking to get more credit cards instead of handling cash manually. Capital One is one of the most famous credit card companies that are providing you with such facilities.
There is also another way, which the credit card companies in Canada like Capital One, use to get the business. A list is got from your credit bureau, credit reporting agency or even those people who have real good records of their credit and also favorable payments in the past. If you are one of those people then Capital One has an offer to stun you with. You will be provided with credit cards that are pre approved. Credit card approval in this case is not a matter that needs some thought at all. Such people have histories of paying off their debts in time and hence become the prime members who are targeted to get such credit cards.
This is because Capital One does believe that you will pay and hence your application for your credit card approval is already approved. Yet another good thing about these credit cards companies like Capital One is that if you are one of those people then you will also be offered with credit cards of low interest. There is however one thing that you ought to keep in mind and that is to keep a check on the rate of this interest. This is for only one simple reason that the rate of interest might go up at any point of time and you would not know it unless you are keeping track of it. Capital One now offers you with credit cards of cheap interest rates that are secured. You also have the platinum cards that are available. You can save a lot of money as well as establish a history of credit that is good with these low rate credit cards. What is a Credit Card Approval?
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What is Loans for People? Money has been lent and exchanged in various forms and according to persons needs since a long time. Even before the advent of money as such, the barter system was widely in practice as a means for man to acquire material. Man's craving for material has undoubtedly led to a vast system of loans for people that enable customers to purchase goods with minimal stress on their own pockets.
Loans for people basically means lending of money by the lender and the person receiving them is called the "borrower". The principal amount loaned out to the borrower has to be repaid in regular and equally-timed installments that amount to the initial loan amount. Over and above the amount loaned out, the borrower is also obliged to pay an interest, which essentially is an incentive for the loaner to hand out the loan. Although the term loan is largely associated with monetary exchange, in certain cases even materials can be lent.
Loans can be classified into two types- secured and unsecured. A secured loan is granted upon the borrower pledging some asset as a security for the loan amount. Auto loans are secured too, but their validity and the amount depend largely on the usefulness of the car being secured. Auto loans for people can be of two types: direct, where the bank hands the loan to the customer directly and indirect, where there is a dealer acting as an intermediary between the customer and the financial authority. With global recession and indiscriminate job-cuts being the order of the day, a lot of Canadians find it a cheaper option to finance their automobile purchases through financing.
Loans for people for higher education are easily attainable in Canada through the Canada Student Loans Program (CSLP). These loans issued to full-time students are interest-free. Financing is available for part-time students too through the CSLP but they must make interest payments while in study and begin payments of principal and interest when their period of study as a part-time student ceases. Students with permanent disabilities or students from low-income families are also facilitated in their study with grants.
The Canadian Government also helps finance small and new businesses through grants, loans, guarantees, subsidies and tax benefits. Under the Canadian Small Business Financing Act, the government can guarantee loans for people desiring to start a small business to a maximum of 85 percent. The advantage being, if the borrower defaults on a loan, the bank is safeguarded. Other government organizations that lend in Canada include the Canada Mortgage and Housing Corporation, that helps housing plans across the country and Farm Credit Canada, which is Canada's largest agricultural lender.
All these organizations fall under the Canada Crown Corporation, which is a state-owned enterprise and runs the general functioning of the country. Some of the important financial organizations granting loans for people that fall under the purview of the state-owned Crown Corporations are: Bank of Canada, Business Development Bank of Canada, Canada Mortgage and Housing Corporation, Canada Commercial Corporation, Farm Credit Canada and many more.
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What is Making Money in Canada 2? Making money in Canada is no longer an overwhelming task. Though the economic crisis has resulted in lots of people losing their jobs on a regular basis, people in Canada are turning to additional sources of income.
Here are some surefire ways for making money in Canada just over the internet:
1. Market your services online: If you can design using Photoshop or have knowledge in programming languages like PHP and HTML, then you can look for projects online easily. The challenge here is that you should be capable of competing with the global market. There are other adept providers out there who provide services at different rates. Services offered by those in developing nations are often cheaper. To start making money in Canada over the internet, you need to discover your competitive edge and market your services based on this.
2. Buy and sell items: Auction websites such as eBay offer buy and sell opportunities. You can also set up your own website, complete with payment processing system and shopping cart. It is advised to do a research on the in-demand items first. Visit other auction sites to check out the popular items and their rates. The rates on your website must be competitive to the prices on other similar sites.
3. Ad programs: Ad programs pay you according to the number of clicks you generate for the advertiser's site. For this, you need to post content relevant to the advertiser online.
4. Paid survey: One of the most popular ways of making money online is with paid surveys. Many companies look for consumer opinions on their products and services and rely on the unbiased opinions given in online surveys. Although the majority of paid survey sites permit members exclusively from the United States, many survey sites are beginning to expand their member database internationally. However, making money in Canada is not a problem since Canada is second only to the United States when it comes to countries that survey sites permit its members to be from. Paid surveys are easy to fill in and can be filled in at any time of the day or night. So, even extremely busy people can fill in a paid market research survey in a few minutes and get paid for it.
How do you find these paid survey sites?
Simply Google 'paid surveys Canada'.
Make sure you look through the terms or the FAQ section at the site you plan to sign up with to check if they accept members from Canada. If Canada is not listed as an option on the sign up form under 'choose your country', then you will definitely not be able to sign up at that particular site.
Making money in Canada does not seem all that difficult now, does it? So go ahead and start raking those bucks in!
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What is a Fico Score?
Introduction:
The Fico Score is the index fixed on a person's credibility which influences the access of low interest credit cards, mortgages, loans either personal or home and anything that relate to transactions involving credits. The Fico score is also used in Canada as a method of measuring the person's reliability of paying back the loans. The name Fico is derived from the name Fair and Isaac Company.
How Credit Scoring and Fico Scoring Works:
The Fico scoring is based upon the person's ability to repay a loan or honor a credit. In Canada the scores are set between 300 and 900 and most of the people of the nation are in the range of 600 to 750. This score is generated by software for which the input is the financial report of the person for whom the report has to be generated. However the source of this input is never revealed to anyone. The algorithm also is a closely guarded secret.
Also the companies that have a license to use this software are required not to expose any of the information that they might gather while the credit score is being decided upon by the system. Also the scores would be made known to the customer only when the person asks for it personally and in writing.
Advantages of the Fico Score:
The Fico score has made the process of decision taking much simpler. The process of decision taking would be much reduced with a lot less discussions and assessment of the credibility of the customer. This is because lenders have access to the mathematical models and vast information that weighs a potential borrower's financial status and his patterns in finance and predicts how that borrower will behave, based on other people who have the same kind of fianancial behavior.
Credit Scoring and its Importance in Canada:
The US system of Credit Reporting is very similar to that of the Canadian one. The main difference was that the citizens do not get more than one report in the United States. Here the citizens can get Credit lessons and how much ever credit reports he might require. The credit report is actually generated by the computer software.
Conclusion:
The Canadian government also releases these issues with much ease and open mind ness. All these are released as a free publication "Understanding Credits and Credit Reports". The algorithm is stored in a different data center so that their resources do not get compromised and the person with the correct authentication is mobiles. There are some more companies that shortlist people to serve as a meaning. The document highlights some of the following points about how to face an interview.
They are as follows
Payment History:
1) The record contains the ability and the promptness of paying bills and also the point of purchases and outstanding loans
2) Amount of time the person puts on for a work to be completed and used and also the length of the time of credit and the outstanding or present rules. What is a fico score.?
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Who is Equifax Canada? Equifax Canada is one among the three agencies that provide credit bureau for businesses along with the generation of information providing reports. These services by Equifax Canada are extended to all companies, individuals and even the financial sector.
The other two agencies that provide similar services are Experian and Transunion Canada. Equifax Canada is housed in Toronto, Ontario. The various services offered by Equifax Canada are fraud, score, disputes and any general request. Equifax Canada provides consumers and businesses with the kind of information that they can trust upon. In the field of information solutions, Equifax Canada has been global leaders. They have been one of the biggest sources of commercial and consumer data.
Equifax Canada focuses on enriching the complete profile of a customer, enhancing the efforts in lifecycle management of the customer and also providing customer profiling and segmentation. Since its inception in the year 1899, Equifax has been the epitome of reliability for credit information. They have been extremely successful in gaining their clients’ and consumers’ trust and confidence.
The credit report provided by Equifax Canada on the consumers’ expenditures and transactions are very authentic. The lenders have access to the information on the credit report.
Recently Equifax Canada in their Canadian headquarters at Toronto declared the launch and advent of Citadel. This is basically one of the most advanced management object (tool) and an application for prevention of fraud. This is exclusive to Canada and first of its kind there. Equifax has made use of the known frauds of the suspects and cross industry universe aspect to develop this tool called citadel. This tool has been developed for the lenders in reply to their urgent requirement of defenses against the fraud application and consequently averts any serious financial crisis.
This is a lone product which gives the consumers a true report of their fraudulent activities with their credit. This also tips them off to improve their efficiency in operation and fake positive rates. Citadel has proved to be critical for the organizations, as they now can provide a nexus between the account opening systems and investigation of fraud.
In Canada, most of the business organizations, companies, individuals and other organizations of the financial sector have been registered to one of the three credit bureau agencies. Even banks, local and international, departmental stores, etc. all register to mostly to Equifax Canada. Equifax Canada essentially gathers all the details about the consumers’ financial activities and his or her expenditures.
The Canadian idea of credit usage is a bit more extensive than that compared to the Americans’. Canada has been known for its credit card frauds and hence Equifax Canada has proven to be more than efficient in the regulation of credit card frauds and thus averting major financial losses. Thus Equifax Canada has been quite successful and innovative in this field.
What is Equifax Canada
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How to Fix Your Credit? Your credit is essentially a number that can sum up your entire financial history in 3 digits. Several credit companies in Canada are constantly updating every financial transaction performed by the citizens of the country. Based on these transactions, the companies will provide a credit number to every citizen. Only on the basis of this number will one be entitled to a loan or credit card or any other financial need.
A healthy credit of over 700 from FICO will guarantee anybody a loan at a very reasonable interest rate. However, not everyone is lucky enough to maintain a clean history through out their lives. Sometimes a delayed payment or careless mistake can bring your credit down to a number that will make any Canadian banker apprehensive. In a worst case scenario of bankruptcy, your credit will take a nose dive, making it even more difficult for you to get out of the situation.
Nobody likes to maintain a bad credit. Though the history of your credit cannot be changed, a lot can be done to fix your credit in order to bring you back into the financial world. The first step would be to demand for a copy of your credit report from any of the credit companies. You will have to analyze each and every aspect of the report and inform the firm in case of any errors.
If your problem is far more serious than a mere error, a stringent step must be taken to fix your credit. You will have to devise a systematic procedure in order to clear off your debts. Aim at clearing the debts that ask for a higher interest rate before your try clearing the ones having a lower interest rate. Also, never skip or delay a payment from hereon. If you wish to fix your credit, this factor is a deciding one.
Obtaining a secured credit card can help improve an otherwise bad credit number. A secured card can be easily acquired from any of the banks as long as you deposit a sum equal to the limit of your card with the bank. You will have to make certain transactions with the card and more importantly, pay up for these transactions on time.
This will help the banker or financer gain your trust. Also for every timed payment, the credit companies will improve your credit score. In future, this will deeply assist you in receiving a loan from any bank in Canada.
If you are unable to cope up with your debts, seeking out external help would be a good idea. In order to fix your credit, you might have to approach credit counselors or financial counselors. They will be able to come up with the most appropriate solution to clear your debts in the minimum time possible. Besides clearing your debts, these counselors will also ensure that the manner in which the debts are cleared will indirectly fix your credit with all the credit firms in the business. How to fix your credit.
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How to FIX MY CREDIT in CANADA? According to reputed bankruptcy trustees, a volley of questions often expected from citizens relate to dealing with poor credit after bankruptcy. An individual’s credit rating is one that determines if he/she will be able to avail a loan in the future or not.
In Canada a black mark on one’s credit report, say for example filing bankruptcy, would remain in his/her credit record for a maximum of seven years.
Is it possible to erase bad credit history? Is it possible to fix my credit? Is credit repair post bankruptcy a possibility? Does that as well answer to ‘fix my credit’ queries? Unfortunately, you cannot completely wipe off your bad credit, because you cannot remove bankruptcy from your report. Nevertheless there are various other solutions to improve your credit record.
Suggestions on how you can repair your bad credit follow.
Common solutions to repair BAD CREDIT
Fetch your credit report
A credit report can be obtained free of cost or for a nominal charge. Following are the credit bureaus in Canada.
Trans Union 1 800 888 4213
Equifax 1 800 465 7166
Credit report review A review of credit reports is suggested to look for erroneous findings and negative comments. One of the most common forms of an error is the inclusion of a debt that one may have already cleared. Negative comments generally result from a retail store card that one probably would have stopped using five years ago, if it had a $30 balance owing, it may still find its place on ones credit report.
Correct any errors on your credit report
On finding an error, get in touch with the credit bureau of your respective region and show proof that you do not in any means owe them money. In some cases a letter may be needed from the creditor stating that the payments were made.
Pay off your debt Many a times a lender may look on high levels of debt even when your credit report indicates that you have made all your regular monthly payments. The solution lies in clearing off as much of your current debt as possible prior to seeking a new loan.
It is recommend clearing off the higher interest debts initially, for example the wise thing to do would be to pay off the 16% credit card debt and then the 12% credit card debt. The lesser your debt is, easier it would be to seek a loan.
Worst case scenario
In situations where the debt is more than one can probably repay, the only solution to credit repair would be to formally deal with your debts. The options include, filing a formal proposal to your respective creditors, or looking at consumer counselling for bad credit reports and a management plan for your debts.
Having suggested a string of solutions, one cannot erase a poor credit with a personal bankruptcy record on it, however partial credit improvement and credit repair after bankruptcy is a possibility which lies in your hands. Want to obtain a loan somewhere in the future? Start improving your credit rating now. Start implementing Fix My Credit solutions right away!
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What is Fixing bad credit?
It may be really difficult for you to fix bad credit as many of the people might not be willing to help in any way. However in Canada you can fix bad credit. This can be easily done by simply obtaining a credit rating that plays a major role or what is referred to as an important role when you are trying to obtain a credit card that is unsecured.
These bad credit cards can take up to a 900 from a simple 300. If you have something around a 700 then your credit is supposed to be really good to fix bad credit. If you do find that your credit is much below 600 then there is no need to worry as you can still do something about it. For instance with the fix bad credit you can also look at mortgaging. The bad thing about this is that if you find that your credit is bad then you will have to pay an interest that is really high to get to fix bad credit.
For those people with bad credit and those who are looking to fix bad credit there are both financial institutions as well as banks that are available to approve you for a credit only if you are looking to fix bad credit. The amount of credit you will need to pay however always depends on the total line of the credit. Unsecured credit cards for those to fix bad credit are not very much likely to be available in Canada.
For those people who want to get secured credit cards in Canada and also for only those who are trying to fix bad credit, there is a really good way to build or even rebuild your credit. Most of the secured credit card companies will require you to deposit something that is equal to the credit line that you are looking at. It really is important for you to make sure that you report your monthly payments to the major credit bureaus.
It really helps in increasing the credit rating if you make your payments right on time. For those trying to fix bad credit there are also pre paid cards that are provided in the country of Canada for those people who do online purchases. These prepaid credit cards are a great and an alternative way for making the online purchases, reservations in hotels and also for renting cars. It is so much safer for you to carry around this than having to carry around cash in you. This is however charged with a fee that is very small and also that which has to be paid every month.
There are also student credit cards in Canada that are provided for students who want to fix bad credit. These student credit cards are really an amazing way for all those college students who want to start off by building a credit history that is really good and that will stand for a long time to go.
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What is a Collection Agency?
A collection agency is one that pursues debts owed to a credit organization for a fee or buys the debt at a fraction of the cost, and recovers the rest from the debtor. They are governed by strict laws to prevent harassment to the debtor and they have a statutory limit of 7 years for recovery. They are a last resort for companies to collect on unsecured bad debts.
They normally work for a flat rate or a percentage or on a hourly basis, and recover unpaid dues. Here in Canada, once the bad debt information has been factored into ones credit rating, it stays for 6 years, from the date of last transaction. If the agency starts to harass customers or intimidate them, one can register a complaint with the Attorney General's (or Consumer Protection) office.
If a collection agency calls you without first informing you in writing about their taking over your dues, or call at ungodly hours, or more than once a day you can take legal action against them as the Canadian laws frown upon harassment. The agency is not obliged to keep the debtor informed of payments; it is up to the debtor to keep track of his payments. An agency cannot take legal action against the debtor nor move to cease his assets; any such attempt on their part will be seen as harassment.
At best, they can recommend to the creditor that legal action be taken. A collection agency is obliged to ensure of the correct identity of the debtor, and inform him in writing prior to calling him. One can get more information on these agencies and their operations and their obligations by calling the toll free number to Consumer Protection : and asking for "A Consumer's Guide to Collection Agencies". When dealing with such an agency, it is very important to stay calm and professional; any commitment given towards payment has to be met with, no exceptions.
One should not try to evade one's debts as they are responsible for those debts; however if one tries, a collection agency has the ability and wherewithal to track down people. Any debt sent to such an agency for collection automatically affects one's credit rating and will go on for the next 6 years, at least. An agency gets into the picture only when a creditor gives up hope of collecting from the debtor, so the credit bureau is already informed of the bad debt.
A collection agency in Canada cannot garnish or attach a debtor's wages or assets in the USA, unless they retain an US attorney for the same and get a court ruling from a civil court in the US. However, if the debtor is a Canadian Citizen, a court ruling in Canada can be enforced against any assets in Canada, even in the debtor's absence.
Once an agency buys a debt, it will not give up, even if the debtor is away from the country for a long time. Unpaid student loans can follow a person for a long time and they cause a bad credit rating to follow you around, creating difficulties when you try to buy a car, home, etc.
REGULATIONS: Canadian Collection Agencies are Regulated Provincially.
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What is Securing Loans?
For students looking for a loan an online search would be their best source of information. Even someone with a poor credit rating can get a student loan, but the interest rate is likely to be exorbitant. Some banks in Canada do offer student loans for study in the USA. As a general rule, only Canadian students can avail of student loans from the Canadian Government, though there are exceptions.
For students from the US who want to study in Canada, in case of Universities recognized by the US Dept. of Education, they are eligible for Stafford Student loan and their parents for the Parents Plus loan. Most banks offer a wide range of business loans to cater to the needs of their customers. It is prudent to have a thorough business plan worked out, along with the proposed repayment schedule for quick approval and disbursement. The initial contact and application can be done online, as most banks have specific provisions for different functionalities on their websites and this will further speed up the processing of the loans.
In case of emigration, say to Canada from the USA, it is better to be upfront about it than face charges at a later date brought by the lien holder. Unsecured loans can be found online to suit every pocket and needs. In case of students from USA studying in Canada, tax exemption for the loan interest paid is provided if the University is a recognized one.
The federal and provincial governments in Canada offer grants and student loans to deserving candidates. There are several online lenders who are willing to sanction loans to even people with bad credit. Some trust and loan companies like Citifinancial, VFC (Vehicle Finance Company), specialize in unsecured personal loans. A student loan is an inescapable liability; it can never be written off (please read the contract), there is no statutory period, and it can even survive bankruptcy. One should at least try and pay the minimum dues on their loans, as neglecting to pay even that makes on financially irresponsible.
Getting business loans in case of bad credit is also possible as specialized banks cater to it. The debt consolidation process can merge all overdue loans and bills, including utility and medical bills, and even taxes into one consolidated loan. This helps in one consolidated EMI which is split between the various creditors, reducing the burden on the debtor, while repaying the creditors as quickly as possible. In Canada, an American homeowner can get an Equity Line of Credit on property owned here.
But one has to specifically ask for the Equity Line of Credit. Availing of loans is quite simple, provided one has minimum 2 years of gainful employment; one can approach One of the Canadian Banks, credit unions, trust companies, for such a loan. Some banks, when sanctioning loans to people with bad credit history, do it in increments – raise the amount lent month by month, based on their net income, credit score, job history, and other factors.
Mobile home loans are available with blemished credit history, but at very high interest. For people with bad credit history, it is essential to meet the conditions in the loan agreement for improving their records. For businesses, at least 2 years in existence is necessary for getting a loan approved; if not a personal guarantee will be needed.
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What is a Credit Card?
Credit Cards, be they Mastercard or Visa, are one of the most recent developments in the banking industry that has revolutionized the personal banking sector. Besides avoiding the painful process of carrying cash wherever you go, credit card companies have simplified internet banking and purchases, thus leading to a new sector in finance known as e-commerce.
Even though companies such as paypal specify in the same field, credit cards have an upper hand in terms of usage. It is easy to get a credit card and using it on any of the merchant websites is a walk in the park.
Getting to the basics, a credit card is a simple plastic card that consists of a magnetic strip that has the capacity to hold sufficient information about the user including his name, card number, etc. Each credit card has a credit limit, which is cash limit that the user is entitled to and can be used at merchant shops or withdrawn as cash through ATMs found at various parts of the country.
These credit cards can also be used outside Canada, in any other country as long as it has a Mastercard or Visa logo on it. Usage of the card outside the country of origin will invite certain bank charges along with currency exchange charges. This means that even if the purchase is made in US dollars, the credit card statement will reflect the purchase in Canadian currency.
Prepaid cards or Debit cards are similar to credit cards in the way they are used. However, when it comes to the way banks handle them, they are quite different. Prepaid cards do not have a credit limit for each customer. The limit depends on the amount the user deposits in his or her account.
The customer then can make use of this amount through the prepaid card without having to pay an additional transaction fee. This type of card will boost one's credit on one hand and will give the bank more confidence in awarding the customer with a credit card with a fairly decent credit limit.
Building Up Your Credit History
If one would like to improve his or her credit, he can do so by starting a savings bank account, if he or she doesn't hold one in the first place. It would help one's credit if monthly bills are paid through this savings bank account. These bills have to be paid in time, of course, to maintain a healthy credit. Also, the account holder can apply for a small loan and remember to pay the installments on time.
This will tremendously boost one's credit, as credit analyzers will surely look for the timings of payments and any delay in minimum payments will be noted and can pose as a threat to an otherwise good credit.
What is a credit Card?
A primary card holder must make sure he is responsible with his card. Since the credit card is an access to a very good amount of money, any loss can pose a danger to the customer in case the finder misuses it. Thus, if the card is lost or stolen, the customer must not delay in contacting the customer care and blocking his or her card and transferring his funds to a new card.
SEE ALSO
credit card
credit card agreement
credit card application
credit card company
credit card consolidation
credit card debt
credit card insurance
credit information
credit inquiry
credit limit
credit rating
credit report
References
External Links
TD Visa
CIBC Visa
RBC Visa
ScotiaBank Visa
BMO MasterCards
MBNA MasterCards
CapitalOne MasterCards
American Express Canada
HomeTrust Visa Canada
ScotiaBank
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What is bankruptcy? The basic aim of the legislation meant for bankruptcy is to help people who are badly stuck up in debts.It is made to give them bright chances to handle with the debts when they are in hopeless troubles and to get them freed off their debt burdens.To help themselves the bankrupts must provide the necessary details such as income and move on with the help of trustees.Co-operation with the trustee to fulfil all the requests made is important.At this point it is most necessary to say who is exactly a trustee. A trustee is a well educated and seasoned consultant of debts in Canada.Under the condition that the valid documents are filed, there should be no actions against a bankrupt apparently.However this may not include creditors like banks etc.From a married person�s view point , the spouse will strictly not be charged for the bankruptcy unless and until the spouse is not responsible for the debts directly.
Deep into details of bankruptcy There are primarily two ways to go into bankruptcy.It can be either done by voluntarily making an assignment or by requesting the court to declare an order stating about the person�s bankrauptcy.People who have real valid reasons to be in such deep troubles and never been bankrupt before have an advantage of having an automatic discharge in a term of nine months provided the conditions concerning the trustee and other authorities are met.Considering making a proposal is essential if there is proper cash with the person.It becomes the duty of the trustee to deal with it in such cases.
Other payments and costs related to bankruptcy Payments of alimony has got nothing to do with the bankruptcy and it has got to be maintained properly.Some fines can also be taken off by the bank�s discharge. Butbthere are exceptions with fines like court fines, fines for robbed things etc.There are some other costs that are related to bankruptcy but are taken control by the government.For example the trustee fee, fee for counselling are taken decided by the government.
Gaining Credit once again Gaining credit all over again is of course essential and it can be achieved in several genuine ways such as saving a good amount of money constantly,availing only very small loans if necessary , by not accumulating any credit card payments etc.
Bankruptcy in Canada Taking the case of student loans, there are special laws for it and there are less chances of getting the student spared from filing a case under any willingness by te opposition.Getting a trustee�s advice ewhen it comes to the termination of bankruptcy period is important.There are actually a number of considerations that govern the length of the period.The proceedings to gain a mortgage in Canada has had a lot of modifications in the recent two years in Canada.
Merits and trade-offs It is advantageous in the view of avoiding harsh collection approach.It is undoubtedly a fast process that needs no much shell out of cash. It suffers the disadvantage of being tough on the credit history.There is a growing need for continuous documentation of every single detail of the transactions.Sometimes there can be an extent where even the possessions cannot be saved from complete surrendering.
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Strategies For Coping With Your Debts
By: Martin Sumner
If you're struggling with debt problems it can seem like you're trapped in a never-ending fight to keep your head above water, desperately juggling your finances around to keep your creditors happy. It can also seem like you're alone in your struggle, but this is very far from the truth. Millions of people have at one time or another been in a similar situation, and even though it might currently seem like there's no way out, millions of people have successfully left their debt worries behind.
There are thousands of sites on the internet offering help and advice, sometimes as a free service, but often as a commercial venture which you'll have to pay for in one way or another. With all this information overload, how can you even get started on deciding how to handle your debts? Read on to learn the basics of some of the most popular debt strategies, which will help you decide which strategy is right for you and is worth researching further.
Budgeting
This is the most basic way of getting your finances back in shape. By sitting down and working out all your income and expenses, you can clearly see the parts of your money management that need more attention. Often, this basic step will show up easy ways to economize, giving you a little more breathing space every month, and making it easier to pay those bills.
Debt Consolidation
If, after examining your budget, you find that you really can't make ends meet, then it's worth considering taking out a consolidation loan. The basic idea behind consolidation is to take out one big loan which you use to clear all your other debts, meaning you only have one repayment to make every month. Ideally, your new loan will be at a lower interest rate than your current debts, so your monthly repayment will be lower. You can also spread the repayments over a longer period, taking some of the financial pressure off, but this will mean you're paying more in interest in the long run.
Debt Management
Some people who have serious debt problems might not be able to arrange a consolidation loan. This might be because they've already borrowed to the hilt and no lender is willing to advance any more credit, or it may be that in the course of their debt problems their credit rating has been badly damaged. At this point, debt management is a good option. It works by handing over the management of your debts to a specialist company or agent, who will contact your creditors on your behalf and negotiate a way forward, such as lowering interest rates, extending the repayment term, or cancelling previous fees and charges.
Entering into debt management has the great advantage of relieving the immediate stress and worry of dealing with your debts, but the disadvantage is that in most cases the management company will charge a fee, and the damage to your credit rating will be considerable.
Individual Voluntary Arrangements
This is a step further than debt management, in that the agreements you make with your creditors are legally binding. You will also have any remaining debts cleared after keeping to the arrangment over a period of five years. Should you fail to keep to the arrangement, then bankruptcy is the only remaining option.
Bankruptcy
This is the final step to take when all other attempts to handling your debts have failed. All your assets will be frozen and used to pay off your debt, and most of any income you receive during your bankruptcy period will also be taken from you. The damage to your credit rating will be almost irreperable, and even though many people have started to see bankruptcy as an easy way out of debt, the long term consequences are grave, and it should only be considered as an absolute last resort.
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Martin writes on many aspects of personal finance, and has a blog devoted to debt problems and ways of handling debts.
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Commercial Mortgages - Using Your Assets As Collateral
By: Wildfire Marketing Group Content Distribution Team
When you apply for a commercial mortgage, your chosen lender will require you to use the assets of the company as collateral on the loan. Lending money can be a risky business and even more so in certain industries. A responsible lender will therefore make some checks about the individual business before offering to lend the money you may have applied for.
One of these checks may be to analyse the value of the business and in particular, the value of the assets of the business as it will be they that the lender will enforce a sale of should the organisation default on the mortgage repayments. The assets can take many forms, but here we take a look at a few of the more common ones:
- Property - commercial mortgages can be acquired using either commercial property as security or by using residential/privately owned property, namely that owned by the directors or principles of the business. The lender will look at the LTV (loan to value) of the property in question together with the repayment history on the property.
- Plant and equipment - can play a very important role in making an application for a commercial mortgage. The working life of the plant and equipment in question, will determine their suitability for being used as collateral for a loan. For instance, a shipping company may be able to use the ships they already own, together with any plant and equipment they own and use to maintain the ships as collateral on a loan to purchase another ship. Items that have a much shorter working life are less valuable in terms of securing a loan for obvious reasons although collectively, you may be able to use them as part of the general inventory of the organisation. Such short term assets are likely to be of zero value long before any loan that you may look to secure on them has been repaid.
- Revenue - regular income may also be welcomed by a potential lender as collateral on a commercial mortgage. Weekly, monthly, quarterly and even annual revenues are likely to be used to repay the mortgage in the first place. The lender will analyse whether the growth of these revenues, at least in part, demonstrates a lower risk than a business where revenues are static or even falling.
What Do I Need To Do To Apply?
Enquiring about commercial mortgages is comparatively easy these days. There are many online brokers to go to. Simply complete the online form which may only take a few seconds and you may then receive a call from a commercial loan consultant who will guide you through the process, the vast majority of which may well be handled by the broker on your behalf.
In addition to completing, signing and returning a written credit agreement, you will almost certainly be required to provide supporting documentation. This may include things like:
- Financial projections
- A business plan
- Loan type, amount required, purpose and any projected profits you think you will generate as a result of the mortgage
- Company incorporation certificate
- Bank account information
- Credit references
- Company accounts (likely to be three years)
Dependent on the information you supply, you may find that you could have access to the funds in a matter of a couple of weeks.
Your broker may be able to help you with a whole host of questions you may have, so always ask if you need help. It's likely to be a big decision to go for a commercial mortgage but businesses do this every day and become more successful because of the opportunity to expand and improve their range and quality of services to their customers.
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Do you have real estate, mortgage or other home related questions? Visit the Florida Real Estate Forum to ask a question or to share your knowledge with others.
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It Makes Sense to Make Funeral Arrangements in Advance
By: Bernard Knight-Jones
Thinking of one's own death is a horrifying feeling and a feeling worse than that is thinking about the death of a loved one. Confronting the stress and burdens of making final arrangements for the funeral can be really trying and downright horrible, especially after going through the traumatic experience of losing a loved one such as a spouse or parent.
Pre-arranged funerals are not so much about saving time or convenience as they are about making the grieving process easier. Death never comes at a convenient time so there is rarely money set aside for the funeral arrangements of a loved one. A pre-arranged funeral not only eliminates the stress associated with coming up with the money to bury your loved one but it can also be less expensive as well.
By selecting a burial plot and casket in advance, you can lock-in prices at current rates. You won’t have to worry about inflation catching you off guard and causing an undue burden at a time when you have more important things to worry about. Plus, you can avoid feeling guilty about choosing a less expensive casket due to current circumstances by setting aside the money today for the casket you know best suits your departed one.
By prearranging your funeral like the increasing number of people who are choosing to do so these days, you can select your abode for the eternity. You can decide how you would like to be remembered. More than the casket, many people are concerned about the place they want to get buried. Pre-arranged funeral lets you take care of where and how you will spend your journey to the eternity and how you will be remembered after you have left for your heavenly abode.
Pre-arranged funerals can actually take care of another grave situation such as a family dispute. Many a times, sadly enough, family differences light up and fighting breaks out. Not all children or the near ones of the deceased may be involved in arranging for the last rites of the departed. Thus, pre-arranged funeral will save the family from all these easily avoidable disputes.
The location of burial is a crucial issue that should be decided by the person concerned, especially in the case of divorces and mixed families. Otherwise, there is bound to be difference of opinion among the children during the funeral process. These days there are many cases when a parent has children with one spouse, and then moves on to have children with another spouse. So, it’s best to take such decisions beforehand.
It is wiser if the parents themselves make their funeral arrangements in advance in such situations. It saves the family from unnecessary grief and disputes. Though it may leave children discontent with the parent, at least it will not lead the step-siblings into fighting with each other, adding hatred and discontent to the horrible feeling of grief.
A pre-arranged funeral is simply a great way to reduce the amount of stress and grief placed upon those that are left behind. By eliminating worries about money and by choosing one's own arrangements, loved ones can grieve in peace and honor those that have passed. Plus, since pre-arranged funerals are less expensive than those made at the time of death, everyone gains in this process and healing can commence sooner rather than later.
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Bernard Knight-Jones is the owner and operator of F funerals, the #1 source on the internet for information about funerals. For more articles on funerals visit: www.funeralscape.com/articles
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The Stock Market For Newbies
By: Joe Grabowski
The Stock Market For newbies can seem like a place to make some fast easy money. You sometimes hear how a stock went up two points, and say to yourself, if I had pulled the trigger on that one I could have made a lot of money.
Fast easy money can be made in the stock market. But slow and easy is the way to go, and if you start at an early age, a fast and easy retirement is a reality.
Beginners at stock trading should learn all they can in order to succeed. You do not see a professional golfer pick up a club and become good at golf overnight. It takes time and knowledge to be good at anything in life.
To start off, make sure you understand How The Stock Market Works. Start at the beginning and work your way up. You did not pick up a book one day and start to read, first you learned the letters of the alphabet.
How you are going to trade? knowing this is going to let you know what you need to be reading to learn about it. Are you going to scalp, day trade, swing trade, or buy and hold for the long run.
Scalping involves buying or selling a lot of shares in a stock, and you are just expecting a small move in the price. Day trading is close to scalping but you are expecting bigger moves in the price, and you do not hold the stock overnight.
Swing trading is when you buy a stock and hold it for two days to two weeks looking for a big move in the price. Buy and hold is when you plan on holding on to the stock for a long time. You believe the company is going to grow in value and the price is going to go much higher.
Next you will need to understand what fundamental analysis and technical analysis is:
Fundamental analysis relies on economic information, such as the companys financial situation, and quarterly earnings. This can take a lot of time reading each company's financial reports. Their is a paper called Investors Business Daily to help with this. If you are going to be investing in the stock market, you should be reading this paper on a daily basis.
Technical analysis is the study of charts. The tool used for this is charting software. Charts show a stocks price movement, and with looking at enough charts we can see everything we need to know about a stock, just by looking at the chart.
Another important tool you are going to need is a Stock Trading System. If you travel to a place you have never been to before you do not just jump in the car and go. You look at a map, decide which way is going to be the best. The same is true with the stock market.
Many beginners jump in without a plan of action, you have to have a plan, why and when you are going to make the trade, when you are going to take your profits, and you must stay with the plan. Practice paper trading before you start to trade to see how well you are doing. Once you are trading well on paper then it is time to open an account.
Now you are going to need some capital to start investing with. Do not start trading with money you can not afford to lose. If you have to start saving a little at a time until you have enough saved, then do it.
Even though you went ahead and learned all you need to start trading, does not mean you are going to be a success at the very beginning. It is going to take some time, and you will lose some money. That is why you don't start trading with money you are going to need to eat with.
The stock market might seem hard at the beginning for a newbie, but once you learn the basics, Have a plan, and a little experience, you will be on your way to becoming wealthy.
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Stock market for beginners can learn more about the markets and trading here Online stock trading
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What is a Tax Lien?
By: kenfong
Before we can try to understand a tax lien, let us try to understand what is a lien? A lien is a sort of claim or control on an item of property that assures the settlement of a debt.
A lien on a property is the most usual type of lien but by no means the only type. For example when you take a loan from a bank to finance a car, the bank can put a lien on the car to ‘ensure’ repayment until all remaining payment is made.
The same applies to financing a house through a bank. The lien gives the bank the authority to repossess the house if you are not able to make the installment
A tax lien is imposed by law on property to assure the payment of taxes. They may be imposed on real or personal property for non-payment of taxes and/or the failure to pay any type of taxes on the property including income taxes.
A tax lien on real estate ‘runs’ with the property owner. It means that the new property owner is accountable for paying the taxes even though the tax was sustained by a previous owner.
The laws on tax lien varies from states to states but the owner of the property may be personally liable for the remittance of all unpaid taxes. This can be made by the property owner or indirectly by the mortgage holder. Plenty of notices are given to ensure that both the owner and the mortgage holder are appraised of the situation.
If a tax lien on a personal property is not settled within a designated time, the property may be confiscated and sold at a foreclosure sale. This usually takes place after several warnings are given and attempts are made to establish contact and/or payment. If a property is sold by the owner prior to tax foreclosure, the tax lien is most often paid as part of closing costs from the sale proceeds.
One of two methods may be used in dealing with the result of foreclosure on a piece of real property. The property may be seized and sold in what is called a tax deed sale. The other method can differ from state to state but the tax lien may be optioned to investors in the form of what is called a tax lien certificate. This accompanies the right for the investor, after a specific period of time has passed, to begin foreclosure proceedings. This is known as a tax lien sale.
It makes good sense to make sure that your property taxes are paid on time to avoid the trouble of dealing with foreclosure proceedings. And it also makes great sense to check that the property that you plan to purchase does not have a tax lien on it unless you are a investor trying to make a huge profit by purposely investing in tax lien.
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Ken Fong Real Estate Information - More on Vacation Homes
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Creating a Will Leaves Family with More Than Just Assets
Author: By Ivon T. Hughes
Besides both being inevitable, death and taxes have another thing in common: no one wants to be reminded of them. That's why so many people mail their taxes late and die without creating a Will.
The sad fact is that those individuals who don't prepare a Will leave behind more than grieving loved ones. They also leave a legacy of potential legal problems, family disputes, and mixed emotions because when they die the decisions on how to divide their property are left up to the courts and the government. Even if the deceased had always promised to leave a certain heirloom to a niece or give the family home to the youngest son, those wishes aren't enforceable if they aren't in writing.
The bickering and fighting over the distribution of a deceased loved one's property can and has broken apart entire families, not because of greed or selfishness, but because each person wants something special to remember their loved one by and to pass on to their children along with stories about the good times.
The tragedy is that all the turmoil these families experience could be prevented if more loved ones cared enough to leave their last wishes behind in a written Will instead of using excuses like "I don't have a lawyer," "It costs too much," or "It takes too long."
Luckily, those excuses don't apply any more. The Hughes Trustco Group offers a way for individuals to create their own Wills without lawyers and without leaving their homes. Through the service a person can go to the site, download a blank Will instantly, and complete the form according to their final wishes. They don't have to discuss their decisions with a third party nor do they have to wait weeks or months to receive the finished document. In fact, completing the form usually takes less than 5 minutes. Another benefit of the service is that it's affordable and doesn't cost anywhere near the $200 most lawyers charge. The service costs only $40. Overall, it's a simple process for something very important: the security of knowing that their final wishes will be carried out.
Even with this service, some people may think they don't need a Will because their assets are limited to only a few personal items and maybe the contents of a meager chequing account, but even those things which they take for granted now Will become priceless to those they leave behind.
In the end, when a loved one is lost, all those left to mourn have only memories and some of their personal belongings. However, if the deceased didn't have a Will, they may not be left with even that.
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Exercise your rights with a will
Author: News Canada
(NC)—Writing a will is one of those responsibilities many people put off indefinitely. But the fact is, nobody should be without a will.
A will gives you the unique opportunity to exercise your rights and to decide where your assets go. If you make use of this right nothing will be left open to misinterpretation. Your wishes will be respected.
If there is no will, your estate will be distributed according to the laws of the province where you live. These laws are inflexible and may not take into consideration the care of people or organizations you wish to remember. The way to ensure your wishes are followed is to have a will.
Aren't provincial laws adequate for most situations?
No, because they're impersonal. They don't make exceptions, and property is distributed according to an all-purpose plan. They may deplete your estate unnecessarily, for example, requiring that a court-appointed administrator be bonded.
The laws also 'fly blind' trying to guess your desires concerning who should be your administrator, or who should be guardian of your children if they are minors.
They also cannot make charitable bequests or gifts to causes such as Amnesty International which you supported in your lifetime. Only a personal will can do that.
Don't only wealthy people need wills?
This is a common misunderstanding. In fact the smaller the estate the more important it be settled quickly to avoid additional expense. This can only happen with a properly written will.
Don't only people with troublesome relatives need wills?
Wrong. Even family members with the best intentions may be puzzled and confused as to what your wishes may have been in the absence of a will.
Isn't it expensive to have a will prepared?
Wills are usually less costly than people expect and definitely less than the emotional and financial cost of not having a proper will.
Lawyers charge for their time and knowledge, so the more time you can save them, the less the cost will be. Here are three simple steps you can take to save money:
• make a list of all your property including real estate, bonds, savings accounts, RRSPs, jewelry, family heirlooms and works of art — everything.
• list the people you want to provide for, along with their ages, addresses and their relationship to you.
• name your executor and alternative executor (preferably both younger than yourself), and suggest a guardian for your children if they're minors.
To receive a free information package on wills and bequests, please write to Amnesty International, 312 Laurier Ave. East, Ottawa, Ontario K1N 1H9.
- News Canada
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The Indispensable Will
Author: D. James Newland (National Life)
One of the cornerstones of any estate plan is a valid, current and effective will. Unfortunately, a recent survey found that only 51% of adult Ontarians have a will, and that number was heavily weighted towards elderly persons who have already lost a spouse. This means too many people are waiting far too long before considering their will.
Most people know intuitively that they should have a will, but they put it off because of a lack of urgency, confusion about the process, uncertainty about cost, and the general unpleasantness of contemplating one’s own demise.
There are several important reasons to have a will. In general, the will provides for the economical, accurate and orderly transfer of property on death. More specifically, a will allows an individual to decide who will be the executor, who will get any specific items or amounts from the estate, and who will be the guardian for any dependants.
Without a valid will, these decisions will be made by a judge according to the terms of a provincial statute.
The law libraries are filled with horror stories of estates being eaten up in legal fees and otherwise loving families being torn apart when family members fight over their inheritance. A valid will can avoid these problems for the family, and help make the administration of the estate as smooth and painless as possible under trying circumstances.
There are several reasons why a legal professional should be involved in the preparation of a will. First, a lawyer is objective. His or her knowledge and experience will help avoid family quarrels and ensure what you want done will be done. After all, a will has to be done right the first time.
Second, a legal professional can ensure that the will is valid. There are the legal restrictions on what you can and cannot do with your estate. For example, a lawyer will ensure that you do not run afoul of family law or dependants’ relief legislation. A lawyer will be up to date on recent changes in the law that may affect your estate and deal with any complexities arising from owning property in more than one jurisdiction.
In this regard, a lawyer will make sure the necessary formalities have been taken care of in terms of drafting and execution. Surprisingly one of the most common causes of invalid wills is improper execution.
Third, competent professional advice will help minimize probate and other taxes. Taxes, of course, are pervasive in every aspect of our lives and our deaths. In many cases, a lawyer can assist in setting up testamentary trusts in order to reduce taxes payable by heirs. In provinces such as Ontario, British Columbia and Nova Scotia, probate taxes have been dramatically increased in recent years and good will planning can help minimize these taxes as well.
But the fact is that everyone’s situation is unique and the boilerplate found in slim volumes at the local bookstore may not work for you. What it comes down to is avoiding the expense and aggravation to your family if something goes wrong, at what will inevitably be a trying time for them. So consider it a bit of insurance and have the will professionally prepared for the peace of mind of you and your family.
While a professional should always be involved in drafting a will, there are a number of things clients can do to keep costs down. Lawyers generally charge by the hour so you want to keep those hours to a minimum.
Therefore before meeting with a lawyer, a client should consider the following:
Executor — who do I want to be in charge of my estate? Who do I trust to do what I want done. The key word here is trust, not friendship. You want someone who understands what you want done and how you would want it done and who has the integrity and judgement to do it.
Beneficiaries — that is, who do I want to receive my possessions after I die? Make a list of what you own. Obviously if you are a homeowner that will be first on the list, but also have a list of investments, RRSPs, business interests, as well as other property, such as a cottage, family heirlooms and jewelry. Take along the documents for each of these if you have them. With something like your home, the lawyer will need to check as to the type of joint ownership. With appraised jewelry, for example, the appraiser’s description can assist in the description used in the will.
Guardians — who do I want to raise my children? This could be the single most important decision you make and must be carefully considered. It is also vital to confirm with the named guardians that they are willing and able to take on this responsibility.
Back-ups — who do I want to be second choice for beneficiary, trustee or guardian if the first choice is unable or unwilling to act?
A will should also be reviewed periodically, particularly if there have been any significant changes in a person’s life, such as marriage (because your will is revoked when you are married), divorce (because divorce revokes anything given to the former spouse in the will), the birth of a child (because you’ll want to deal with guardianship and support issues), the majority of a child (because you won’t have to deal with guardianship), a major acquisition or disposition of property, the death of a spouse or other family member mentioned in the will, or the death (or physical and mental disability) of the executor.
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The Power of Attorney for Personal Care
Author: By James Newland
Powers of Attorney for Personal Care, also known as living wills, directives, mandates, authorizations or representation agreements are a relatively recent development.
These POAs allow you to give an attorney the power to make decisions concerning your health care, nutrition, shelter, clothing, hygiene and safety in the event that you are not capable of making these decisions on your own.
Unlike the POA for Property, the POA for Personal Care only comes into effect on the happening of a specific contingency - i.e. that you are no longer capable of making personal care decisions.
POAs for Personal Care are often more complex to draft, although it is possible to still just give a general one. You should however, consider a few factors when deciding what to put in the document.
Cultural and religious issues may be a concern. Some religions, for example, have a prohibition against the use of blood products, and other groups have standards of what is and is not allowed in health care.
A doctor's ethical standards should also be considered, and it is therefore recommended that the terms of the POA be discussed with your family doctor in advance. This ensures that the doctor knows of your wishes, as well as who to contact in an emergency.
Specific diseases or conditions should be considered, including coma, brain damage, cancer, chronic pain, stroke and dementia, as well as specific treatments, such as ventilators, tube feeding, CPR, dialysis, simple or invasive diagnostic tests, major or minor surgery, as well as medication and pain control which may dull the senses or shorten life.
A copy of the POA for Personal Care should be given to both the attorney and your family doctor, and it is also a good idea to carry a wallet card indicating who the attorney is, so that he or she can be contacted in an emergency.
- James Newland
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Making a Will - One of the Most Important Decisions You'll Ever Make
Author: Ivon T. Hughes
When you make your Will, you decide what happens to your estate when you die - and nobody else. It becomes the only legally recognized document that ensures that your wishes about who gets what are carried out the way you planned.
In a very real sense, your Will is the reflection of what you have managed to achieve and the importance you place on the close relationships you have built up.
If you die without a Will…
The results can be chaotic, disruptive and extremely costly. First of all, provincial law will decide how your estate is divided among your family - regardless of your own wishes. Dying intestate almost guarantees acrimony among your loved ones and resentment for you for not making a Will clarifying your wishes. It almost certainly entails higher than necessary taxes and unnecessary costs. So everybody loses - except the government!
Making a Will ensures peace of mind for yourself and the comfort and security that you wish for your loved ones. It's a win-win decision for everybody. Why not act now!
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How to Select a Broker or Financial Planner
Author: Gary Foreman
All the talk around the water cooler is about who made money in the stock market. And you're beginning to feel like the only person who hasn't joined in. You know that you need to plan for retirement, but right now you're on the 'hope plan'. That's where you hope you have enough money later. In fact, you've been meaning to find a stock broker or financial planner to help you. But even that's tough, since there are so many of them.
So let's see if we can't learn how to find a good stock broker or financial planner. To start we need to have an idea of what we want to accomplish. If your goal is long term, you'll want someone who has a stronger background in financial planning. On the other hand, if your goal is to make a few fast bucks in the market you'll want to find someone who has experience trading stocks. The odds of finding someone who's excellent in both areas is slim.
In fact, it takes a different type of personality for each to succeed. The stock broker needs to be a risk taker. A good broker must be able to understand financial reports, but also be plugged in to good sources of information. While they're not allowed to trade on insider information, some brokers just seem to be closer to good information.
A good financial planner has a different style. Much of their strategy isn't taking risks, but rather minimizing them. And that's just as it should be. Working towards a long term goal puts time on your side. The trick isn't to make money quickly. Rather you want to keep from losing too much money no matter what happens in the future. That means that more than one strategy will work if you give it enough time.
Now that you have an idea of whether you want a planner or broker, how do you know who to choose? Let's begin by making a list of potential candidates. Ask your relatives, neighbors, co-workers and any one that you respect who they use. Get a name, firm and phone number. Ask your friend what's the worst thing about working with their advisor. That answer alone should eliminate some candidates.
If you ask around you should be able to collect between four and six names. The next step is to follow up with a phone call. Tell the receptionist that you're looking for a new advisor and would like to talk with them now or make an appointment for later. Don't be disappointed if they don't put you through. If the advisor is successful you would expect them to limit interruptions.
When you do speak with them you'll want to refer to a list of questions that you've already prepared. Verify before the meeting that it is a free session.
What you expect to accomplish in an interview will vary for brokers and planners. With a broker you'd expect him to brag about his results a little. Part of the selection process is listening and deciding how much of what they say is 'brag' and how much is 'fact'.
You'll also want to see what types of questions they ask you. Part of the process for the broker should be to determine your experience in the market, ability to take risks and goals. And they shouldn't be willing to accept 'make a lot of money' as a goal. They should insist that you provide a rate of return that you expect. If they fail to do that, neither one of you will know what you really expect to accomplish.
When you interview a candidate to be your financial planner you'll want to find out about their philosophy of wealth accumulation. They should ask you detailed questions about your current net worth, income/expenses and financial goals. Also expect them to ask about your experience with investments. Good planners want to find out how much you know about the subject. A good planner is a lot like a doctor. You need to be willing to take off your financial clothes if they're going to do any good.
You'll also need to ask the planner how they charge. Some earn commission on investments. Others charge on an hourly basis or even ask for a percentage of your wealth each quarter. Fees can vary dramatically. You can expect to pay in the $1,000 range for a financial plan. Hourly rates are in the $100 per hour range. If those rates seem prohibitive, you might need to consider a planner that charges a commission on the investments they recommend.
Many planners have achieved professional certification. And, unfortunately for consumers, there are a number of them that planners can obtain. The Certified Financial Planner (CFP) designation is granted to people who pass five courses. Having taken the courses, I can vouch that it is possible to fail! The courses cover insurance, taxes, retirement planning, investments and estate planning.
You might also come across someone who is a Chartered Financial Consultant (ChFC). The program began back in 1982 and over 30,000 people have earned the designation. There are 10 courses involved in completion. Typically people coming from an insurance background are more likely to earn this designation.
Certified Public Accountants are also offering 'fee only' financial planning. That means they don't earn any commissions on the investments you make. If you have some tax problems that could a good route to take. But, remember that they're background is in taxes, not investments.
You'll also probably wonder if you couldn't do it yourself. And for many people the answer is yes. There's a wealth of information available. Between your library and the internet you have a wealth of resources.
But, before you decide, remember what you expect that professional to do. You'd want your stock broker to be continually talking stocks with a wide range of experts to help him find the next winner. A couple of buddies at the golf club is not the same thing. A financial planner needs to be familiar with investment strategies, tax laws and a wide range of issues. Again, it's great to read Money magazine. But, that doesn't put you on the same plane as someone who works in the field every day.
Selecting a broker or planner is a very personal experience. Taking a little extra time and effort now could pay dividends for many years.
About the author:
Gary Foreman has worked as a Certified Financial Planner and currently edits The Dollar Stretcher newsletter and website www.stretcher.com.
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Guest Writer -
I've been paying on my mortgage and my balance went up!? by Andrew Sieveke
There are going to be plenty of surprised folks in the near future when they go to sell, refinance, or use some equity in their home and they find out that they've gone backwards. Some of my new clients have asked me, "How can it be that I made my $2000 monthly payment on time each month for over a year, and I now owe $15,000 more than when I started?" "I even got this great 1% interest rate," they exclaim.
"When you got this loan, did your broker or lender mention the words 'Option ARM' or 'MTA Option'," I'll ask them. I typically hear, "Uh...yeah...I think that sounds kinda familiar."
Nine times out of ten, consumers will get hurt if they have various payment options. Payment options are made worse by being coupled with an adjustable rate mortgage (ARM). Very few borrowers have 1) sufficient understanding of "negative amortization" and, 2) the discipline to make the appropriate payment to avoid negative amortization.
Let me break down what I just said into a bit more detail:
The MTA Option ARM is, first of all, and adjustable rate mortgage. Lenders or brokers that sell this type of loan will certainly use "1% interest rate!" as a selling point. Unfortunately, this rate will not last. When the rate on this loan adjusts, it will be based on the monthly treasury average (MTA). Typically, there is a margin that will be added to the MTA (the actual margin on your loan should be disclosed in your loan's note which you received at closing). Let's say, for example, your MTA Option ARM carries a margin of 3.25. Let's also assume that the monthly average yield on the treasury market is 5.25% when the rate is due to adjust; the new rate will be 5.25 + 3.25 = 8.5%.
The Option ARM gives the borrower payment options, hence the name. The three payment options are a normal principal and interest payment (PI), interest only (IO), or a third smaller amount that doesn't even cover the interest charges. With the smallest payment option, the deferred interest is simply tacked onto the loan balance; this is called negative amortization. You now understand how people can make regular payments only to see their loan size increase; they've been making the smallest payment possible, so they can "afford" a larger home.
Now, the lender will not allow this increase in loan size to go on indefinitely. It wouldn't make sense for them to assume the risk on a loan when the balance now far exceeds the value of the home. Therefore, once the loan amount reaches a certain percentage of the value of the home, the lender will require the borrower to begin making a normal PI payment. It is very possible that by this time the rate has adjusted from the 1% to 7.5%, 8%, or more. This rate adjustment will also severely impact the new payment. The borrower was used to paying, say, $800 per month. Now they are shocked to find out that they have to start paying $1,800 per month, and the balance on their loan has gone up $20,000.
In this case the people owe more than the house is worth, so they can't sell it. They can't afford the higher monthly payment. Maybe their credit was shaky to begin with, so the easiest this to do is to walk away from the home and let it go into foreclosure.
It is unfortunate that many people found themselves in these loans that can be quite confusing to consumers. Bad loans such as these are major contributors to the extreme number of foreclosures we are seeing now, and the problems in the subprime market.
I have never sold a single MTA Option ARM, and won't (there are only a couple of instances in which one might make sense, but that is beyond the scope of this article). There are very few ethical, honest, high-quality mortgage professionals today. I am proud to be one of the few.
About the Author
Andrew Sieveke is an experienced and successful mortgage professional. To gain more insight into the mortgage industry, and make yourself a more educated borrower, please visit www.competingloans.net.
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Guest Writer
What You Must Do If You Want To Retire Early by Lee Dobbins
If you are looking to retire early then there are a number of things which you need to think about. The most obvious question is, can you really afford early retirement and if not, how can you ensure that you get more money?
Affording to Retire Early
Who wouldn't want to retire a few years early? No more early mornings or late nights at the office. No more answering to somebody else when you want a little 'me time'. However for many of us the dream of retiring and doing what we like is unfortunately a far away fantasy. With more and more people having to work long past the retiring age just to survive, how can you possibly find the money to for early retirement? Well there are ways and here you will find out exactly what those ways involve.
Know What You Are Spending
Most people these days tend to overspend and they do not even realise it. So if you really want to save money and retire early, you will need to focus more upon what you are spending. Think about whether you need what it is you are spending. By cutting back on things such as nights out and entertainment, you could potentially save quite a lot per month. Little things such as newspapers, magazines and treats also add up and so by cutting back a little you could really make a difference to your retirement fund.
Be Serious About Saving
It is a fact that most people these days do not save half as much as they need and that can be a huge problem. If you want to retire at all, never mind early, then you really need to make more of an effort to save. This means doing more than just putting away the odd dollar. You need to analyze your finances and work out how much you can afford to save. Then open up a separate savings account and set up a direct debit so that every month a certain amount is saved. That way you will not miss it as you will not have even seen it.
Overall there are a number of ways in which you can save money to retire early and the two mentioned above are just a couple of the best ones. You should also aim to eliminate any debts you may currently have too before you can seriously consider retiring early. Follow these tips and you may just be able to save yourself enough to relax and enjoy life a little earlier than you otherwise would.
About the Author
For the latest on retirement visit http://www.retirementviews.com - a website that offers tips on retirement like saving for retirement, how to choose the perfect retirement community and how to retire early.
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Monty Loree- Slowly coming back to life.
The last 6 months have been some of the most stressful months I've had in years... I became over exhausted and was having trouble writing about my favorite money topics.
I'm starting to get some rest and hopefully will be back at it in the near future.
I've got a trip out to Calgary coming up where I am going to visit a little, sleep alot, and relax my mind for a week.
I'll talk about my last 6 months in the weeks to come!!
I feel it best to write when I'm rested up and ready to kick butt. That will come soon enough..
Until then, I'll try to get out to some other blogs and visit that way.
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Has Debt Got You Stressed? A Low Interest Debt Consolidation Loan Can Help by Thomas Erikson
Stress is a very negative thing. It can affect your moods as well as your physical health. A stressed out person is one that cannot focus on the things that are important and inevitably end up doing a poor job of living every day life. Relief from this stress is not only an immediate need; it's also within the realm of possibility without having to take drastic measures.
If you are cringing every time the phone rings and afraid to get your mail every day, it's time to take action. If you take that action in the form of a low interest debt consolidation loan, it will be in the foreseeable future for those phone calls to stop and the mail to once again be something you look forward to getting. The low interest debt consolidation loan will, over a small amount of time, put everything back to what it used to be before you lost the ability to cover all of your bills every month.
The low interest debt consolidation loan combines all of your debt into one large sum. Once approved for the loan, you will be sent a check that will be enough to pay off all of your unsecured debt. Alternately, some loan companies will pay your bills directly rather than sending you a check, then send a check for any amount that is left over. Either way, your debts will be paid off and you will have only one amount to pay each month. This amount will be lower because of the lower interest rate consolidation loan. Your debtors were charging you interest ranging from 10-26% or more. A low interest debt consolidation loan will cut that interest payment which will allow you to have a smaller payment and also pay off the principal of the loan as well as the interest accrued each month.
Your stress will almost immediately disappear. Not only will you have paid your debts and negotiated a monthly amount that you can live with, but the phone calls will stop because your debts will have been satisfied. Your credit report will also stay positive or become more positive based on the fact that the several balances will be eliminated and several of them you will be able to close. Fewer debtors on your credit report, whether or not you owe them anything, will help raise that credit score. When that happens, you will no longer have to be stressed about your monthly bills. Now you just want to make sure that you don't get back where you were as you will probably begin to receive credit card offers in the mail again.
Stress and debt go hand in hand, but they don't have to overpower you. There are ways to fight back and win. Regaining your financial freedom through a low interest debt consolidation loan may be one of the wisest decisions that you can make for your financial future.
About the Author
Discover the power of a low interest debt consolidation loan to effectively get your finances under control. Visit www.your-debt-consolidation-loan.com which provides the debt consolidation information and solutions you need.
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How to Pay Off Your Student Loans Quickly and Easily by John George
So, you've graduated college and started an internship. Money is coming in, you have a great girlfriend, and you start to feel like you're a part of "real life." The only problem is you can't afford anything. You're making more money than your parents, but every single paycheck you get is going straight to your student loans. Maybe it's time to consolidate.
What's Consolidation?
Student loan consolidation really isn't as scary or intimidating as it sounds. To consolidate means simply to "combine." And that's precisely what student loan consolidation is; combining all your student loans into one.
Why Consolidate?
If you want to have enough money left over each month for that new car payment then the benefits of consolidation are outstanding. Say you have one loan with a 15% interest rate and another with 12%. You can consolidate by getting a third loan (with an interest rate of 8%, for example) to pay off your original two. Now, you'll only have to worry about a single payment (that's much lower) and that new car will be just around the corner.
Consolidation Methods
You can consolidate your loans with:
* Another student loan - This is probably the most obvious way of consolidation. If all your loans are from the same company, then you'll most likely have to stick with them to get your consolidation loan. * Home equity loan (HEL) - Great because it has a fixed rate, but be aware that if you miss a payment, your home may risk foreclosure! * Credit card (with 0% APR) - If you don't own a home, but have good credit, this could be a good alternative; you might be able to save quite a bit on your interest.
Warnings about Consolidation
Be sure you do your math. Consolidation can usually help, but not always. There are also a couple of things to be aware of if you do consolidate:
* Deferment - If you consolidate, you may disqualify yourself from being able to defer (delay) payments on new loans. * Perkins - On rare occasions, if you have a Perkins loan you can lose the option to cancel your loan.
Make sure you get out your calculator (or use an online student loan calculator) before you decide to consolidate or not. Loan consolidation has been able cut loan payments in as much as half, but depending on the interest rates of your loans, that's not always the case.
About the Author
John George Student Loan Consolidation
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How Critical Thinking Can Help You Avoid Scams by Ruth Harris
Let's face it. The honest opportunities in online business are becoming harder and harder to find. The Internet is a sea of manipulative advertising that targets the deep-seeded desires that most of us have. We want something for nothing, even if that opportunity really does not exist. We want to make money overnight while sitting on the couch in our pajamas. We want thousands of dollars to appear in our bank account at the touch of a button. Honestly, it just does not happen that way.
Even if people are honest, advertising itself is a form of manipulation that slants our perspective. Scams are everywhere. Perhaps the secret we need most is a way to uncover what is a scam and what is a genuine opportunity. Using critical thinking skills will enable you to evaluate an opportunity and lower your risk of being scammed.
First, let me define what I consider a 'genuine opportunity.' I believe that what you get out of life, you must first put in. From experience, nothing comes from doing nothing. You must put in time, planning, strategy and effort and even money if you expect to succeed in your business, whatever it is. So I define a 'genuine opportunity' as that which gives you a basic business idea (maybe a product or service) which you can take and apply your time, planning, strategy, effort and money to make money. How much money you make depends on how much time, planning, strategy, effort and money you contribute. It also depends on the value of the product or service offered. If you have a bad product or service that nobody wants or needs, nobody will buy it.
The many scams that are circling the Internet take into account that you want something for nothing, so they advertise their opportunity as such. Many of these business opportunities are simply selling you on false promises. Some do not even have a product or service that you can promote. They lack that essential basic business idea.
Another sign of a scam is what resources and supports that are given or not given. Some of these opportunities offer training on how to use their 'system.' The scam opportunity, or source, will provide resources that they are affiliated with and promote them to you so that you can earn the source affiliate revenue. Actually, the honest programs do this as well. However, the difference is the value of the resource. Can these resources actually help you? Are there better ones available that were not offered because the source is not affiliated with them? Does the source offer a broad informative education for you to learn from, or is it simply targeted advertising in disguise?
Another item to check is who is offering the business opportunity. Do a little research on who owns the business. Are they an expert, or a self-proclaimed somebody? If you can find reviews or information on them from another, objective party, then that is a good sign. If all you find is the proclamations of the owner himself on how great his business opportunity is, I would look a little deeper before handing over my money.
When evaluating an opportunity, look at the proof that is offered that shows it is a viable business opportunity and whether that proof is verifiable. Many scams offer rows and rows of 'testimonials.' Look closer. Are the testimonials followed by "Mary from Detroit, Michigan" or by "Dick Weaver, www.dickswebsite.com?" Mary from Detroit will never be tracked down. You can easily and quickly go to Dick's website. If he is legitimate, then you will be able to contact him through email or even a phone call. Given the choice between opportunities, the one that provides verifiable testimonials is the safer choice.
Finally, does the opportunity come with a guarantee and what is the quality of that guarantee? Do you have full access and at least a 30-day unconditional money-back promise? Take the time to check the online Better Business Bureau for more information. Unfortunately, most businesses are not members of the BBB so this is not always a fruitful search. However, if they are listed, you can feel much more confident in doing business with them, provided they have a positive standing. In addition to their guarantee, which I always like to save a copy of for reference, pay using Paypal or a credit card. This just gives you a little more security and can possibly help get your money back in case you need to exercise the money-back guarantee.
When evaluating a new business opportunity, critical thinking skills can help you to evaluate what is presented in more detail. Look for whether the advertising is based on vague and ambiguous claims, or solid, verifiable information. A real opportunity gives you a valuable product or service that you can apply your time, effort and money to promote. How much and how well you promote your business will determine how successful you are.
About the Author
Ruth Harris is a real entrepreneur who has helped many others start and promote their online business. Visit http://www.iprofit.viral-business.com to get over 170 best-selling eBooks and software titles with Master Resell Rights and ready made profit-pulling minisites all for one low price.
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Buy Put Options Tips -- Increase Your Profits When a Stock Price Falls by Halbert Greene
Stock prices never go down (or up) in a straight line. Wait for a upward spike in the price before you buy, so you get a cheaper price.
Don't take the opinions of analysts too seriously. A few years ago, 70% of analysts rated Dillard's Department Stores (DDS) a Sell or Strong Sell. What an obvious loser, right? Eight months later, it was up 50%. A year later, it was up $100. You'd have lost your shirt by siding with the know-it-all analysts.
Magazine covers are a strong contrarian indicator. When a company or CEO is featured favorably on the cover of a business magazine such as BUSINESS WEEK or FORBES, they often run into trouble a short time later.
Buy put options at least three months before expiration -- longer is even better. Wall Street graveyards are filled with the bodies of investors who were right -- too soon. Besides, the value of put options wastes away a lot more slowly the farther away it is from the expiration month.
The market price may fall to your strike price in the next month -- or nine months from now. But you'll pay a lot less for nine months than for one.
Sure, options that are only 30 days away from expiration are cheap . . . because everybody knows they're about to run out.
If you're convinced a company's stock price is bound to fall, give yourself time to be right.
Don't buy far out of the money put options. Yes, they're so very cheap. That's because, although stocks are volatile, they don't usually drop by $20 per share in one day. It's possible, and someday some stock will, but the odds are slim you'll be holding put options on it when it does.
If you want to gamble, spend that $25 on lotto tickets. The odds against you winning the jackpot are only slightly larger, and you'll probably at least win $3 or $5, giving you SOME return.
If you're not sure whether a stock will go up or down, but it is quite volatile (such as Google) with frequent ups and downs, put options are a better buy for your money. Because most people prefer to think that a stock they like will go up in value, there is more demand for calls than for puts. Less demand for puts makes them relatively cheaper and therefore more profitable than calls.
There are many professional "tricks of the trade" you need. Learn all the buy put stock options tips that you can.
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Learn how to turn $200 into $4630 profit in 30 days!
Click here -- How to Buy Puts that Make You Money -- learn professional options secrets for a high 6-figure income
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Second Annual Saskatchwan Bloggers Picnic.. July 8, 2007 Yesterday.
I was really pleased to meet several new people from Saskatchewan who like to blog about different topics.
This event was organized by Saskboy - Saskblogs.ca and it was nicely done.
I enjoyed the discussion as it was all from opinionated bloggers who like to write about their topics.
The attendees included:
Photos of this picnic can be seen on our Saskatchewan Picnic photo album.
It was nice to see that Global TV sent a news crew out to capture the event for their news program.. It shows that Global TV is active in the Saskatchewan community.
All in all, this was a celebration of Saskatchewan bloggers. People who actively write about their topics and are passionate about their topics.
The discussion was lively, and it was not edited. There was a nice understanding that we could discuss what is on our minds like we do on our blogs..
I was certainly interested to hear about all of the other bloggers stories.
It's always nice when the online crowd can meet and share stories offline. It was a nice event, and I definitely look forward to next years picnic.
Links to their respective photos.
John - saskblogs.ca
Kate - Small Dead Animals & Lance - catprint.ca
Kevin - UncleMeat
Laura - Arcologist
Jeremy - Pilots World
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http://www.paydayloansabc.com has asked me to do a review of their site as we are in related industries.
I also have to mention that this website caters to the U.S. market place.
paydayloans.com catch phrase is: Apply for no faxing payday loans and online cash advance loans up to $1,500. Read current news dealing with the payday loan industry.
While we usually advise our clients to be cautious when using payday loans products, we also agree that for a certain portion of the population, payday loans are a good alternative.
One thing that I was curious about was that when I clicked on the Select State button on this site, it redirected me to their suppliers site.
While I understand why the site owners would do that, I think that it's a little aggressive with regards to redirecting traffic.
Other than that, this site has some basic information about their payday loan service and an are where you can sign up and get some more information.
I've found that there are people who don't have bank accounts for what ever reason. This makes it impossible to get a credit rating of any sort.
This is where payday loans come into play. Payday loans are for people who may not have a well established credit rating, but need money to cover immediate bills.
Do take time to visit their site and read their material.
I must repeat that this company only helps people in the U.S. with regards to payday loans.
The preceding is a paid review:
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Unprepared for Bad Credit by Bill Ronald
Let's face it, most of us who have bad credit probably never expected themselves to have bad credit.Maybe it's some life-changing event like a car accident, getting laid off, or losing one's investment that makes a person's credit sink deep into the hole. I've been there, many people have been there, and you probably have been there too.
When I started college years ago, I got my first credit card and a decent part time job. I was happy of course because I was then financially independent, but I didn't go on mindless spending binges like other people who got their first credit cards. I knew it's not free money. I only use my credit card on what I what I can actually afford. Because of what I've learned about money management from my parents, I knew how serious it would be if I go beyond my credit line or not paying the balance on time. Yeah, I did ocassionally ran up a hefty bill due my negligence but the debt was never beyond what I could pay in the short run. I was able to live the college life that I've wanted and didn't have to worry about my credit yet.
After my graduation, I worked at several odd jobs for several years before finally getting my dream job that made good use of my degree. I managed to buy a new car and had plans to move to a better place to live. I felt that I could finally have the life that I've wanted. But then everything changed after a serious car accident. Although my car insurance covered some of the damages and costs, I was slapped with hefty hospital bill which amounted to almost a hundred thousand dollars. I had to pay the bill plus interest over the course of several years. When I got laid off, my live started to go in a downward spiral. My new job wasn't enough to make ends meet and I maxed out all of my credit cards. I was in financial hell.
The situation was utterly hopeless and there was seemingly no way out. But then one I found out about bad credit loans. It was no secret, but I don't know why I hadn't discover that earlier. I probably would've been in a much better situation if I had applied for those type of loans earlier. These loans are much easier to apply for than traditional loans. Soon I was able to get my life back on track. Even though I still had a mountain of debt on me, these bad credit loans made it possible for me to see light at the end of the tunnel. I did saw light at the end of the long tunnel. I found a good job and managed to maintain a lifestyle that I had before the crisis. I have to pay the debt right now, but it's much less than before.
Was there a way to have prevented myself from sinking into the credit hole in the first place? If I had expected the unexpected, I would have bought an insurance policy with better coverage, put more of my income into savings, etc. But that's difficult for a lot of people. Besides, there's no way to know what will happen in the future. It's better to prepare for what you don't expect, but it's even better if you have add a safety net.
More Details on Bad Credit Loans
About the Author
part-time writer
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2012-11-13 23:08:19
Cbv Collection Services Problems
same deal,,these criminals sent a bill saying i owe 18,000$..hilarious,,they call me 5x per day..i am taking rogers to court..small claimes..why not y
Comment By:karen cliff
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2012-11-13 13:18:44
Retail Theft Could Get You Sued
I keep receiving emails and phone calls from people who think they can simply ignore the letters from these Civil Recovery lawyers.
Don't.
They
Comment By:Gerry Laarakker
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2012-10-18 08:23:07
Retail Theft Could Get You Sued
Bank statements can be demanded or balloon a day even fail to repay the debts incurred from the varied lenders. The offered amount in such cash untill
Comment By:Spadiatrere
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2012-10-09 12:42:44
Credit Repair Canada 3 Things You Should Know
to , take up a new job. Also, reflect on investing in generating a payday advance loan while using classmates and more, typically the segments. The in
Comment By:WarbabsjamY
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2012-09-30 20:03:01
Cbv Collection Services Problems
I had a telus pay as you go phone from 2003 2008 and now cbv collectons is claiming that i owe over 1500 dollars, the last time they called i called
Comment By:marcus
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2012-09-25 10:19:31
Cbv Collection Services Problems
Had a bogus 'roaming charge' bill from Telus a few years back. Got mad at them and switched providers. It went to CBV. Yes, they are persistent and
Comment By:Scammed
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2012-09-23 07:37:50
First Canadian Finance Scam Site
While these aforementioned dangers are a cause for legitimate concern, there are other dangers that derive from perceptions that often have no basis i
Comment By:effomicok
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2012-09-16 16:42:15
Retail Theft Could Get You Sued
I am sick of all you so called legal counsel, wanting money from me , there was a reason i was stealing the items in the first place, i have no money!
Comment By:a shopplifter
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2012-09-13 11:18:04
Car Repossessed Trouble With High Risk Car Loans
Our car loan was with wellsfargo to begin with then transfered to carfinco,. Have never had a problem with them yet and have less than 2 years left on
Comment By:Darlene Fougere
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2012-09-02 18:27:17
15 Blog Post Articles That Talk About Equifax
obviously like www.canadianmoneyadvisor.ca however you need to test the spelling on several of your posts. A number of them are rife with spelling p
Comment By:promotion site
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2012-08-31 11:32:19
Retail Theft Could Get You Sued
so i went in zellers and i baught bus tickets. then walked around playing with toys, and i was with a friend, we're both adults who like stupid toys.
Comment By:Aj.
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