       |
Canadian-Money-Advisor.ca BLOG
top ten credit cards
- Posted December 15, 2010 by Monty Loree
Top Ten Credit Cards
1. Chase Freedom
The Chase Freedom card grants their cardholders 5% cash back as per quarter reward on every gas, home improvement and department stores transactions. This bonus rewards are only allowed to reach its maximum amount quarterly. You can obtain 1% Cash Back without any limit depending on the purchases you have made with the card. It does not follow any spending tier. Aside from that, you can acquire additional cash back up to 20% on the total amount you have spent doing online shopping on affiliated merchants using the Chase Freedom card. Presently, you can get a hold of the Chase Freedom card depending on your preference either $100 or $50 cash back reward. The Chase Freedom $50 cash back rewards card also provide low annual percentage rate as well as 0% interest rate on balance transfers for a grace period of 12 months. It is also applicable on all purchases you have made with your card. To check for more detail of this card you can visit http://www.firstcredit.net.
2. Discover More Card
The Discover More Card provides a 5% cash back bonus several transactions involving travel, gas, groceries, restaurants, and home improvement stores. You will obtain 0% intro APR on Purchase completed utilizing the card for a span of 6 months. You also get 0% APR on balance transfers for a grace period of 15 months. You can acquire up to 1% Cash back Bonus on every other purchases you have put together. Aside from that, you can also get a hold of the Discover More Card having $100 cash back bonus. If you feel that this card is suitable for your use then apply for the credit card by visiting http://www.firstcredit.net/creditcards.htm
3. Chase Sapphire
The Chase Sapphire card is the finest credit card for individual who desire to avail for first-rate services. You make use of the 24/7 customer service that are always ready to help you. This will mean that you will no longer deal with voice recording and find the ways to pass through the never-ending programmed prompts. You can get a complimentary flight when you have collected 25,000 bonus points coming from spending $3000 during the first 3 months of using the card. You will also obtain double points on every airfare you have reserved using the Chase's Ultimate Rewards. You can travel with the best airlines whenever you wan for the reason that there are no travel restrictions or blackout dates. The points you have earned do not expire. You will acquire all of this along with the most efficient customer service you had never expected from a superior credit card.
4. Slate from Chase
The Chase Slate credit card is the top all-purpose credit card existing at present. It is intended for customers that holds good credit. This card provides a 0% APR for the period of 12 months. It is also distinctive having its modern card design in which the card appears to be vertically made. Having the Chase Slate card, you will acquire the Blueprint. Blueprint is complimentary features that will aid you pay off your balances easily and keep away from needless interest. If you are searching for an excellent credit card no needing you to deal with complex card process. This card is an ideal card for you.
5. Continental One Pass Plus Card
The Continental OnePass Plus Card is the most excellent airline credit cards in the market. You will gain 25,000 bonus miles after you have made your first purchase with the card. The points you will earn would be sufficient for a round-trip in the United States but not including Hawaii. You also obtain an extra 5,000 bonus miles when you made your first purchase transaction having an additional authorized user within the period of 2 months upon opening of your account. You will be able benefit during the checking in of your luggage which is for free as well as the luggage of your travel companions having the same reservation. Have you luggage be checked in for free when you fly with Continental airline. You will collect two miles every time you spent $1. Be sure that you have purchased your tickets from Continental Airlines making use of your card. You also obtain 1 mile for every dollar you have spent in purchases you made using your credit card. Apply for this credit card now. Simply visit http://www.firstcredit.net/creditcards.htm.
6. Iberia Bank Visa
Even though this card is not famous, Iberia Bank credit cards presently provide several of the low interest rates credit cards in the market. You only pay 0% for APR for the grace period of 12 months on purchase transactions. However, the best advantage you will get from Iberia Bank is that the card is offering a standard interest rate of 7.50%. That is low compared to other credit cards and can give you much savings. For more information regarding credit cards feel free to visit http://www.firstcredit.net.
7. Capital One Platinum Prestige Card
The Capital One Platinum Prestige card is a first-class card to relocate your higher rate balances. Your balance transfers are done in just within 48 hours. You will have 0% interest on purchases and balance transfers for the grace period of 15 months. You obtain the $0 fraud liability protection incase you lost your card or it has been stolen. Aside from that, 24-hour travel and emergency assistance is always on standby that will provide you a new credit card and process cash advance transactions. When you have decided to apply for a credit card, you can visit http://www.firstcredit.net/creditcards.htm and fully answer the application form with the mandatory information.
8. Chase Ink Cash – Business Card
The Chase Ink Cash business credit card is the finest business credit card offered. It is for individual who have every day business transactions. Having the Chase Ink Card, you acquire 3% cash back on fuel, dinning, home improvement, and office supply purchases. You will obtain unlimited 1% cash back on all other purchases you have made. There is limitation on the amount of points you are able to collect. Aside from that, you will be rewarded with points up to 10 points for every dollar you have spent when you are doing shopping online by using the Chase Rewards Plus. You also get a hold of extra cards for your workers not needing to pay for anything.
9. Orchard Bank Visa/MasterCard
The Orchard Bank Visa and MasterCard are the finest credit cards for individuals holding bad credits. Not like other bad credit cards, Orchard Bank cards charge lower rates and fees. You will only acquire an interest rate for as low as 14.9%. The rate is competitive enough for a credit card that people will get even if they have bad credit. This credit card is outstanding for rebuilding your credit scores. All of these will be reported to the 3 major credit bureaus every month. The card is acknowledged in millions of locations as long as Visa and MasterCard are honored. You also receive an email and text messages to inform you with your forthcoming payment along with the due date with the online enrollment. Check out for details of the credit cards at http://www.firstcredit.net.
10. Discover Motiva Card
The Discover Motiva Card provides rewards when you do on-time payments. You can obtain the Pay-One-Time Bonus equivalent to a full month's interest accumulated on your cash back bonus account. You also will acquire 5% to 20% Cash back bonus coming from over 150 top retailers when you use your Discover card when doing online shopping. Aside from that, you can earn up to 1% unlimited Cash back on all other purchases transaction made. If you are ready to apply for a credit card, only you need to do is visit http://www.firstcredit.net/creditcards.htm.
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
importance and benefits of a burial insurance
- Posted December 15, 2010 by Monty LoreeImportance and Benefits of a Burial Insurance
Death is one of the things that can be painful for people to talk about. Even if an individual is very old already, they do not wish to think of their end. The reality is that every person will pass away and it is essential that those who are left behind by the deceased will not be in the lurch for the reason the death cannot be anticipated. One means to ensure that the expenses of a burial are already taken care of is getting a burial insurance. To learn more about burial insurance, you can visit http://www.burialinsurance.org and be knowledgeable with it.
Burial insurance is an excellent way to be ready for any unexpected deaths, or even with deaths that have been foreseen already. Burial insurance can cover the cost of the caskets, cremation, cemetery plots, flowers, funeral homes, embalming, and other necessary services. It is a type of life insurance and can pay for other things such as taxes, legal fees, and even support for the people being left behind. Funeral insurance quotes rates are available online coming from an insurance company. You can visit http://www.burialinsurance.org/funeral-insurance.html. It is also an excellent idea to take pleasure of the numerous tools and informative articles existing on the website. You are not always ready to search for the perfect type of insurance given that you will be paying premiums for several years depending payment method you have agreed upon.
Here are the benefits of a burial insurance:
• No Age Limit – if you believe that you do not require a burial insurance for the reason that you are still young, think of the fact that accidents and sickness come about. It means that death can take place anytime. It is best to get a burial insurance rather than come to a point where a problem have already affected you and then you come to discover that it is uninsurable. Anybody regardless of age can be accepted for this insurance. It will then mean that your ultimate desires are being covered.
• Low Cost Burial Insurance – This insurance only covers the expenses of the burial. It is more cost-effective compared to a complete and full life insurance policy rate. Those who are old in age are going to pay more dollars every month, but still get the same coverage being guaranteed.
• Other Policies are not affected - a lot of people think why they would require a burial insurance if there already have life insurance policy. One explanation for this is that it is just an additional coverage. The life insurance you own can be utilized for other circumstance concerning settlement of a mortgage or ensuring that your children or grandchildren have the resources for their college education. If the burial is being paid from a different insurance, you are not required to involve the life insurance.
Burial insurance can be utilized as a separate policy or it can be part of a complete life insurance policy. Those who do not hold any life insurance should be sure that they have burial insurance for them to assist their families lessen the expenses of a death. There are no age limits and this kind of policy can be obtained even though a person is having the most favorable health. If you have any inquires or concerns regarding burial insurance, you can on Funeral Consumers Alliance through their official website http://www.funerals.org/.
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
why do you require professional assistance from collection agencies
- Posted December 15, 2010 by Monty Loree
Why do you require Professional Assistance from Collection Agencies?
Bad debts have become more and more of a concern for businesses all over the world. This is the reason why nearly all of them acquire the assistance of collection agencies. Collection agencies do not just work competently but expertly to obtain back your debts, while you can work on your task and responsibilities.
Business operations are becoming difficult as days go by and thus, there is call for better professionalism and specialism in handling competently with each facet of a business. In this scenario, chronic problems such as bad debts can put a big problem for a business. It is a crisis that every business has to manage. Yet, if the extent of the accrued bad debts rises, it can signify massive losses to the business. Attempting to deal with it entails not just time and effort but also specialty and familiarity. Furthermore, it is not unusual to have definite debtors who are not accessible. It does not create any sense to attempt to establish these debtors which will only be a waste of time. Therefore, the call for in hiring a professional collections agency that can handle the task is needed, making sure that the finest results will be produced.
Apply Today! Collection Agency Kung Fu
What makes the collection agencies so resourceful in collecting your debts?
Given that collection of debts is the major work of the collection agency, they will use a lot of time than you can on the overdue accounts. They have acquired the specialization and the knowledge which creates all the disparity among their ways in dealing with the problem. They work gradually in a certain fashion, putting their unsurpassed efforts to get a hold of the payments while being very skilled in the whole process. This type of professionalism is really essential in debt collection, for the reason that you usually do not want to mess up your business relations with the debtors which are crucial in the area of business.
A collection agency normally, first attempt to contact the debtor through a succession of notification letters known as demand letters provide sufficient time to the debtor to take action and also presenting the options of negotiations. If the debtor fails to reply to the letters in the specified time given, the debtor is then called. Direct phone call with the debtor frequently results in an optimistic response. At first, it is not an excellent experience to be contacted by a debt collection agency and the debtor realizes that the issue is now severe. Secondly, the debtor can sometimes be given various alternatives to put together the payment by negotiations. If there is still no reply, then lawful action can be used in opposition to the debtor as a final way out. Legal action is only carried out when all other efforts are unsuccessful and is not utilize under common situation.
With every potential effort, there is modest basis why your debts would not be repaid. Businesses around the world take the services of collection agencies to proficiently obtain their payments. For a business in Canada, a well-organized collections agency Canada can put forward the exact solution, as it value the laws of the place.
See Also
Truth About Collection Agencies
Collection Agency Discussion Forum
Rules and Regulation of Collection Agencies
External Links
Collectionscreditrisk.com
Moneyproblems.ca
Wikipedia.org
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
remarkable facts of how a collection agency works
- Posted December 15, 2010 by Monty Loree
Remarkable Facts of How a Collection Agency Works
Creditors have exceptionally firm and detailed laws and guidelines that manage their business practices. These laws are placed on a state by state basis sequentially to look after the rights of those states citizens. Yet, a lot of creditors do not follow the law. In several cases, they will ignore the laws that rule them just to illegally try to gather debt payments.
This kind of exploitation can even become harassment particularly when you are putting the sweat in fixing your credit. An insider have observed on how a credit collection agency does its job and revealed various very remarkable facts. The last two weeks of every month, credit collection companies try to pull together as much money as achievable. A lot of them suggest or suggest to their employees to harass the consumers whom they are trying to ask debt payments. A number of companies even put forward bonuses to their employees if they can obtain a certain amount of collections.
It is these kinds of circumstances that direct to prohibited actions or unjust collection measures by a lot of creditors. They are trying to place more money in their pockets and will not follow the law in doing it. Few credit collection agencies are not even sensitive that their workers are following these things.
Apply Today! Collection Agency Kung Fu
What you will do if you are treated illicitly by a Creditor?
Primarily, it is greatest significance that as a customer, that you record whichever and every communication with creditors. If you discover yourself in debt, it would be an excellent idea to put aside a written log of any and all phone calls you have with your creditors. This would comprise mailings, emails, and phone conversations. In your log you should make a note of the dates and times of every single conversation, and if you are talking to a creditor on the phone you must write down their name, phone number, and extension.
Despite the fact that they are busy trying to get information from you, you are lawfully allowed to gather information from them. If you think you are being harassed by the creditor who has called you, you can basically request to talk to their Floor Manager. You can then state your apprehension to the Floor Manager and can inform them why you felt that you have been treated unjustly. If the Floor Manager will do the same, you can ignore that the original creditor have done to you and may then hope to take everything a step above that particular collection agency.
State Attorney in Every State
Each state has a state attorney who is necessary for the office and law to defend the rights of every citizen in their state. You can get in touch with your attorney via the Internet by just a simple web search with your states name along which the keyword: state attorney. You may also come across on their contact information by utilizing your cities local information line. If you have recorded the incident you had with the creditor who has treated you unlawfully, you can show the information to your state attorney and they will handle the creditor on your behalf.
See Also
Bringing an End with Collection Agency Calls
Common Problems Dealing with a Collection Agency
Collection Agencies-Kung Fu System
External Links
Collectionagencyservices.net
Investopedia.com
Moneyproblems.ca
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
knowing the commercial collection agency association in canada
- Posted December 14, 2010 by Monty Loree
Knowing the Commercial Collection Agency Association in Canada
The Commercial Collection Agency Association (CCAA) constituents offer highly competent, professional commercial collection services in Canada. A commercial collection agency can be termed as one that gathers business to business debts, corporate debts and B2B debts, generally providing skip tracing services, asset location and credit bureau reporting. The commercial collection agencies that belong with the CCAA are the most prominent and biggest commercial collection agencies in the U.S. and can process claims in Canada.
More often than not, commercial collection agencies do its task on a conditional basis which means that they do not obtain any payment if they do not get any payment of the debt that client owe with their creditors. Normally, the contingent fees for commercial collection agencies that collect payments in Canada can vary with the 15% to 25% of the dollars being collected. Several commercial collection agencies who have earned debt payments in Canada may report to international business credit bureaus but others may not report it to the commercial credit for some reasons. It actually depends on the collection agency as to whether or not they consider it to be necessary to report commercial credit.
Apply Today! Collection Agency Kung Fu
Commercial Collection Agency Association
The Commercial Collection Agency Association has a wide range of educational and legislative information concerning the collection of international commercial debts that it go by its members to ensure that they stay updated with the most recent news, laws and regulations with reverence to commercial collections in the country of Canada and the rest of the world. The vital focus of the CCAA is the credit grantor. The Commercial Collection Agency Association was formed in 1972 to perk up the superiority and status of the Commercial Collection Industry.
Becoming a Member of CCAA
To be a member of CCAA, every commercial collection agency has to attain the CCAA's meticulous criteria of standards. As a member, the commercial collection agency is licensed by the Commercial Law League of America, the oldest creditors' rights organization in the United States. Every commercial collection agency must give a stringent CCAA litmus test for it to become a member of the Association.
If your company is seeking for a commercial collection agency or some commercial collection agencies in Canada, try to think of the commercial collection agencies that are under CCAA. Every member agency is highly experienced to pull together your commercial claims in Canada. These commercial collection agencies are valued and honored all over the global Collection Industry.
See Also
Canadian-Money-Advisor FAQs
Debt Settlement Canada Signup
Canadian Debt Settlement
External Links
Prlog.org
Curadebt.com
Debtprison.net
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
will collection agencies in canada take your assets even if you are in us already
- Posted December 14, 2010 by Monty Loree
Will Collection agencies in Canada take your Assets even if you are in US already?
Normally, creditors and collection agencies in the US cannot seize property or assets that you own except if there is a definite lien on that property. They may get hold of a judgment in a court of law and oblige you to pay off or garnish your wages to compensate the debt you have. However, they cannot get something that they do not have a lien with. For instance, if you possess a car, a credit card company cannot obtain your car.
Certainly, this is taking in general. With what I am familiar with, if you are residing in the US, Canadian creditors would just be able to get those assets that found in Canada. Anything you have left in Canada can be seized as an abandoned property if you already have left the country. To acquire payment from you, they would have to put together a file suit in a US court, hire a US attorney, and the US court would have to make a decision in their favor. It is extremely stressful in nearly all cases.
Apply Today! Collection Agency Kung Fu
Different Situation in Several Cases
There may be cases where the situation is different. For instance, picture out a US business putting up a shop in Canada and then acquiring millions of dollars of obligations. This would definitely be troublesome and if they could confirm you were utilizing the law tying to avoid and erroneously rip off Canadians out of their money, then the US court could make a decision in their favor to them and charge a judgment in opposition to you.
Therefore, it is generally a matter of scale. If it is only concerning few amounts of money on credit cards, electric bills, unpaid phone charges and others, it is most likely not worthy for their effort and time. They will just damage your Canadian credit bureau for you. If you are talking about a large sum from an individual creditor or a huge collective amount, I would seek advice from an attorney.
See Also
Truth About Collection Agencies
Rules and Regulation of Collection Agencies
Collection Agency Discussion Forum
External Links
Collectionscreditrisk.com
Moneyproblems.ca
Wikipedia.org
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
will a collection agency bring me to court is there a possibility that i will go to jail
- Posted December 13, 2010 by Monty Loree
Will a Collection Agency bring me to Court? Is there a possibility that I will go to Jail?
Nearly all collection agents are paid with a commission or a performance bonus depending on the total amount of debts they have gathered. They will regularly attempt many different collection tactics to let you to pay off your debts. Thus, they can be paid of the commission or bonus. However, is a collection agency capable of bringing you in court?
The response would be yes. It is probable for a collection agency to initiate a court action in opposition to you. Normally, the collection agent in place of your creditor will first call you and mail you several intimidating letters. Yet, they will only bring you to court if they think you have the capacity to pay your debt, and they have been fruitless in gathering any payment from you not bringing you to court.
Apply Today! Collection Agency Kung Fu
When A Collection Agency brings You to Court
In instance where collection agency does bring you to court, the reason of the court hearing will be to decide whether or not you are in debt with the creditor. Majority of the cases, if the information that you do owe the money is not being disputed, you are knowledgeable that you owe some money from the creditor. The creditor will hold on evidence that you owe it. Thus, the court hearing is a very fast occurrence. The judge will sign a piece of paper which is known as a judgment, stating that you are in debt with the money.
The next achievable step for the creditor is to submit an application to the court to implement the judgment, which normally shows that they apply to take hold of your bank account or other assets, or garnishee your wages. However, in many cases, there is no point in a creditor holding your bank account. Given that once your bank account is stationary you will by no means deposit any amount of money into that account. Additionally, nearly all people do not hold any assets that can be taken possession of. As a result, the creditor is will probably try to garnishee your wages.
Garnishing your Salary
Even if they found out where you work, garnisheeing is doable. If they do not have the idea where you work, they cannot mail any garnishment note to your employer until they find out where you work. A lot of people get troubled that if they do not pay off their debts, they will be going to jail. However, it is not the case. Jail terms are the outcome of criminal proceedings. Creditors are involved only in a civil trial, which is shown that it can result to a judgment or a garnishment order, except for being jailed.
If you go to jail, you must be found guilty of a criminal offence, and you must be guilty of a crime. If you steal from a bank, you will surely go to jail. If you have committed a fraud and are guilty of it, you can be put to jail. Not paying off your credit card bills is not considered as a criminal offense.
See Also
Bringing an End with Collection Agency Calls
Common Problems Dealing with a Collection Agency
Collection Agencies-Kung Fu System
External Links
Collectionagencyservices.net
Investopedia.com
Moneyproblems.ca
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
the rules and regulation that collection agencies in canada follow
- Posted December 13, 2010 by Monty Loree
The Rules and Regulation that Collection Agencies in Canada Follow
Collection agencies in Canada are allowed to get in touch with the debtors regarding debts that have been forwarded to an agency. Prior to any collection schemes such as when a collection agency calls a client which they usually do, the debtor must be warned in writing that the collecting agency will handle such account. The techniques that collection agencies utilize to gather the debt are regulated by the Canadian government.
Collection Agencies must Identify Themselves
Collection agencies have to at all times be truthful when collecting a debt from consumers. When a collection agency agent calls the debtor, he is obliged to identify himself and the collection agency he is affiliated with. Providing false name or false agency contact is prohibited. Additionally, the representative must inform the debtor how much debt is owed on the account, and from whom the money is owed to. A collection agency is not allowed to pretend to be a law office, law enforcement agency or any other government official. Informing the debtor that he will be detained for not paying off the debt owed is known as an intimidation. Threats are not allowable to be done by collection agencies. Producing physical coercion to a debtor, the family members or friends is also against the law.
Apply Today! Collection Agency Kung Fu
Regarding with Calling Times
The period where a collection agency is allowed to call a debtor differs from one province to another. The hours and the number of times a collection agency is acceptable to call a debtor are regulated. Thus, it does not turn out to be harassment to a debtor and his family. According to Credit Counseling Services, collection agencies are just allowed to call a debtor three times in a seven-day period, along with voice messages. Calls may be done to a debtor between the hours of 7 a.m. and 9 p.m. Monday through Saturday and between the hours of 1 p.m. and 5 p.m. on Sunday. It is prohibited for a collection agency to call a debtor to collect, or mail a written message or telegram regarding the amount needed to be settled.
Privacy Rules that must be abided
The privacy of debtors in Canada is being safeguarded. Even if, a collection agency has the capability to call the references, family members, friends and neighbors to find a debtor, the agency is not allowed from revealing whichever information about the debt. The representative from the collection agency is only allowed to inquire for the debtor's present address or telephone number. If the reference or contact person is on the account or a co-signer, the collecting agency has the right to talk to the person regarding the debt. An employer should only be called to confirm the debtor's employment, job title and work address. It is unlawful for a collection agency to give away false information to references or contacts that could hurt the debtor and his family in whichever way.
See Also
Canadian-Money-Advisor FAQs
Debt Settlement Canada Signup
Canadian Debt Settlement
External Links
Prlog.org
Curadebt.com
Debtprison.net
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
task performed by the credit bureaus
- Posted December 13, 2010 by Monty Loree
Task Performed by the Credit Bureaus
Credit bureaus, particularly local agencies, accomplish two functions. They give the information as outlined in the general information section. They may also perform as a collection agency. The credit bureau may get in touch with you trying to gather payment for one of your creditors.
Apply Today! Collection Agency Kung Fu
All about Collection Agencies
Collection agencies are also basically unregulated and similar to credit bureaus which are enclosed under provincial law. The following are general collection rules:
o contact may be made between 7:00 a.m. to 9:00 p.m.;
o a phone call can be done to the place of employment to verify if the debtor works at that place;
o a collector is compensated on a commission basis; if the debtor pay off the debt, the collector will also be paid;
o there should be no calling of the other family members except if they have approved the debt or are just checking of the residence of the debtor;
o Taking legal action would require the issuance of a statement of claim and hearing in court for judgment will follow. It then end to garnishment of wages and getting hold of the assets such as bank accounts and liens on property;
o collectors may not grab the assets with no a court order; usually a bailiff or the sheriff will sequester the asset at this point;
o creditors or collectors may only go into a place of residence with the debtor's consent;
o Harassment is not allowed and a debtor has the capability to raise a complaint against a collection agent if they believe they are being excessively harassed.
Bankruptcy and Proposals on the Credit Bureau:
As mentioned above, proposals are forwarded as R7 or it may also be sent as R8 or R9 as a lot of credit bureaus do not differentiate between a proposal and bankruptcy as proposals are reported by the creditors as a Bankruptcy Proposal. Bankruptcy information is not sent six years after the time of discharge. Proposal information is not reported three years after the date that the proposal was accomplished. A second or succeeding bankruptcy is reported for 7 years for every bankruptcy, for instance, an overall of 14 years for two bankruptcies.
Following a bankruptcy receiving an Absolute or Automatic discharge, or having a Certificate of Completion, a credit bureau statement should be ask to make sure the proper information is documented on the credit database. A trustee may send information to the credit bureau regarding the bankruptcy or proposal information right through the management of the file. However, the trustee's information does not influence the credit bureau report. The credit bureau acquires update information from computer documents at the Office of the Superintendent of Bankruptcy on a cyclic and normal basis. If the information is erroneous, the person should present a copy of the discharge or proposal information to the credit bureau in an outlined form to make everything clear and understandable.
See Also
Credit Bureau Inquiries
Credit complaint resources
TransUnion Canada
External Links
Business.inquirer.net
Equifax.com
Bankrate.com
More From Canadian-Money-Advisor.ca Discuss Canadian Credit Bureaus Other posts about Canadian Credit Bureaus More articles from December, 2010 More articles from 2010
facts of the collection agencies in ontario canada
- Posted December 13, 2010 by Monty Loree
Facts of the Collection Agencies in Ontario Canada
If you are far too behind in your payments on your bills, the creditor may place your account to a collection agency. Their task is to pull as much money that they can acquire from you. Several attempt in doing tender urging, a few are frank and persuasive, and others will aim to annoy you, and worst utilize prohibited ways.
Apply Today! Collection Agency Kung Fu
Here are various ways to handle collection agencies.
Collection Agencies frequently employ rude and unlawful ways to gather past due accounts from debtors. They can escape with this for the reason that consumers are inexperienced when it comes to the restrictions of a collection agent's authority and their own rights.
Almost each kind of organization makes use of collection agencies. The government, at all three levels, is possibly the biggest consumer. For instance, there are presently 130,000 defaulted student loans in the hands of collectors. Collection agencies work as an expansion between the creditors and their debtors. Collectors in these agencies are generally paid an arrangement of salary and commission. Based on the report made by Venture, all collectors have an everyday quota in dollars which they have to attain before they begin acquiring a commission or bonus.
Regulations to Qualify to be an Agent
Regulations as to who can qualify as an agent are exceptionally easy. In Ontario, an applicant has got to be financially responsible and surpass the honesty and integrity examination. According to the register for collection agencies, integrity is deliberated by making sure that the applicant finished the application process truthfully. The gauge of integrity is having no criminal record at all. Financial responsibility shows that a collector cannot be excessively indebted. Additionally, the applicants must take a test and obtain a score of at least 70 percent.
The Ontario Society of Collection Agents also has a Grievance and Ethics Committee which handles with the public complaints. When a protest comes in, a member of the committee will get in touch with the agency to ask questions and send back information to the complainant. If he or she is still not pleased, they are direct to bring the complaint to the Registrar. If the complaint is true, the agent’s license will be useless.
Provincial Laws and Regulations
Provincial laws and regulations are intended to look after the consumers from debt collector harassment. This safety put forward that society is keen to provide the debtor the advantage of the doubt and does not right away look at them as deadbeats. According to the executive director of the Ontario Society of Collection Agents, 97 percent of debtor’s transferred to collection do aim to pay off their bills. Only three percent are credit criminals. However, the representation of the deadbeat is a collector's most important tool. He can utilize it to humiliate and embarrass a debtor into going to excessive extent to settle their bills.
See Also
Commercial Collection Agency Association
Rules and Regulation of Collection Agencies
Collection Agency Forum
External Links
Ontario.servpro.ca
Askmehelpdesk.com
Mgs.gov.on.ca
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
collection agencies and bureaus in alberta
- Posted December 13, 2010 by Monty Loree
Collection Agencies and Bureaus in Alberta
What are the Credit Bureaus?
There are two credit bureaus found in Canada that supply information to credit grantors. They are Equifax Canada and Trans-Union. You can get in touch with these agencies to make sure that the information being given about your credit is correct. You are permitted to have a copy of all the information stored in their databases.
Credit information would comprise your name, address, age, social insurance number, marital status, spouse's names, and number of dependants. They will also hold information regarding your occupation and employment history. It also will include debt information along with any judgments, garnishments or bankruptcies. You must grant authorization to anybody who desires to evaluate your credit information.
Apply Today! Collection Agency Kung Fu
Having Disputes...
If there is a single dispute concerning the information they have on their database, the credit bureau can recommend you as to your rights. Nearly all information about your credit history is on your file for six or seven years. You can check it with the agency. Negative information regarding some missed payments and positive information like no late payments made will be reflected on the credit file and may influence your future credit, accommodation or employment applications.
The credit reporting purpose is mainly loose and credit bureaus are registered under provincial law. Hence, regulations concerning their activities can differ among regions. You should speak to the provincial registrar if you have any complaints or problems with the credit agency. The Blue Pages of the telephone book should hold a contact for the provincial government agency overseeing this area. It is also termed as Debtor's Assistance or the like.
Affiliated Creditors to Collection Agencies
Not each creditor is an affiliate of the credit agencies. With that, your credit history with that credit grantor may not be forwarded to the credit bureau. It is the job of the debtor to keep a listing of the creditors to whom they owe money.
Credit Ratings that is followed by Collection Agencies:
o R0 - Too new to rate; have been approved however, it is not used.
o R1 Pays within 30 days of billing, or pays as arranged.
o R2 Pays in more than 30 days but less than 60 or one payment has past the due date.
o R3 Pays in more than 60 days but less than 90 or two payments has past the due date.
o R4 Pays in more than 90 days but less than 120 or three or more payments has past the due date.
o R5 Account is at least 120 days past due but not been rated as "R9" yet.
o R8 (There is no R6)
o R7 Paid through a consolidation order, consumer proposal or credit counseling debt management program.
o R8 Repossession.
o R9 Bad debt or placed for collection or bankruptcy.
See Also
Truth About Collection Agency
Fact On Collection Agencies
Common Problem with Collection Agencies
External Links
Collectionagencyservices.net
Debtcollectionsteps.com
Articlesbase.com
Canadian Money Links
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
receiving 2 cash back on your gas and groceries expenses
- Posted December 12, 2010 by Monty Loree
Receiving 2% Cash Back on Your Gas and Groceries Expenses
What is unusual and unique with this Cash Back credit card?
It is true that the market is relatively flooded with a lot of cash back credit cards at present. Thus, there has been loads of hearsay regarding how the Capital One gas and groceries cash back guaranteed MasterCard is different from the rest. One of the primary things that you observe about the Capital One gas and groceries cash back card is that it has purposely been aimed towards gas and groceries. Every time you utilize the Capital One MasterCard to purchase gas, you are instantly given 2% cash back. If you employ similar card on your groceries, you are also given 2% cash back. Any other things that you procure using this credit card, aside from gas and groceries, it will only be given 1% cash back. This is still excellent compared to other cash back credit cards that are obtainable in the market.
The best thing concerning this particular credit card offer is that you are given one extra card free of charge. In this case, if you will lose your card or wish to make use of your card in two different places at the same time, this can be done having the second free card that is supplied. It is nevertheless significant to ensure that you take hold of the extra card safely for emergency use only.
What benefits does this Credit Card have?
There are numerous benefits that are identified that go along with a standard of the Capital One Cash Back Guaranteed MasterCard for Gas & Groceries. One of the finest things regarding this particular credit card is that approval is assured. Every credit card companies are acknowledged to utilize the client’s credit rating as to decide whether or not they allow a particular person for a particular credit card. With the Capital One Canada card, even though you hold a poor credit rating, you will involuntarily be acknowledged for this credit card which is why approval is always assured.
Other Credit Card Features
Aside from that, you learn that the particular credit card is controlled by MasterCard. These will basically show that you can sensibly use this card wherever you are located around the world. Just make sure the place you are located honors MasterCard credit card. You will then not worry of anything else. The great thing regarding the Capital One cash back MasterCard is that you can use it on shops on a wide-ranging scale. However, it can also be utilized in doing global withdrawals as well. The facility is usually accessible with nearly all credit cards. It is vital to remember that you are obliged to tell your credit card company that you are going to make use of your credit card in a different country aside from Canada. This will make sure that you do not come across in having to a lot of problems in which your credit card has become blocked.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcards.com
Creditfast.com
Creditshout.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
capital one platinum miles no hassle rewards mastercard
- Posted December 12, 2010 by Monty Loree
Capital One: Platinum Miles No Hassle Rewards MasterCard
What is Unique and Exceptional with this credit card?
The MasterCard is a trendy Canadian credit card in the market at present. Several of the features that this credit card has to offer are not available with any other trustworthy bank or financial company. One of the few things that you appreciate about the Miles Platinum MasterCard with No Hassle Rewards is that they grant free mile for each dollar that you have spent. The primary design is to give 1 mile for every $1 spent. Though, they are providing double bonus rewards. What that essentially shows is that you will only earn 1 mile for every $1 spent, for the span of six months. But because of the double reward feature, you are allowed to obtain 2 miles instead. This offer is limited which mean that it may expire at some point. Preferably, you would wish to apply for this credit card as the offer is still ongoing at the moment.
Aside from the double rewards, there are other great things that the Platinum Miles No Hassle Rewards MasterCard has to grant that would comprise with the introductory bonus of 5000 miles when you put together your first purchase utilizing the credit card. One of the things that distinguish the Platinum Miles No Hassle Rewards MasterCard from other comparable credit cards is that the mile rewards which you get hold of will never expire. Every mile can be converted in various ways which comprises cash, gift cards or travel related items. This guarantees that you are not restricted in using fully your mile points earned in any way you want.
You can also become aware about the Platinum Miles No Hassle Rewards Card as it do not have hidden costs or what so over fees or charges. The card has no annual fee which is unusual for that kind of credit card and the most excellent of all is that you can exchange your miles either on the phone or through the internet.
Rewards and Benefits of the Credit Card
There are a lot of different rewards and benefits that you can look forward to with the Platinum No Hassle Miles Rewards MasterCard. This credit card has been trying to help out individuals that love to travel. Those that hold this card are also free to get a travel accident insurance up to $250,000.
Additional reward that you can have with this credit card is the $0 fraud liability. This means that if you lost your card or it got stolen and utilized to put together illegal transactions, you will not be seized accountable for it. One of the major issues faced by nearly all cardholders is having customer support service accessible all the time. With the Platinum Miles No Hassle Rewards MasterCard all of the benefits and feature is what you will obtain. You are for all time given 24 hour access to a customer service representative in spite of the location. They will always have someone available for you to assist you in resolving any issues or concerns you may have.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Capital One Card Lab
Creditcardsearch.ca
Creditfast.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
capital one cash back guaranteed mastercard for gas & groceries
- Posted December 12, 2010 by Monty Loree
Capital One: Cash Back Guaranteed MasterCard for Gas & Groceries
Coming from the name of the card, this Gold credit card is intended to gather the rewards of utilizing good credit to pay for daily things you need. Basically, you will just use this card to feed your body and fuel your car, and obtain double points. Certainly, you still acquire your regular rate of points for every other purchase. However, the incentive rewards will let you gain more points in no time. Given that it is issued by Capital One Canada Cards, you have access to No Hassle Rewards, which allows you to exchange all of your points to cash that you can add to your card balance.
A lot of Capital One Canada Cards offers Common Carrier Travel Accident Insurance. You also have the fraud liability insurance, purchase assurances, and extended warranty options that you can take advantage of to any merchandise that you might procure. The reasonably high annual fee aids to pay for all these elite benefits and also the 24-hour customer service will not only answer your concerns but also convey you to the RoadAssist Hotline if you need assistance during your travel. To end with, because it is a MasterCard, you can utilize their innovative PayPass technology at millions of place not just in Canada, but around the world.
Guaranteed MasterCard for People New to Canada
Even if you are new to Canada, or has been a resident that wants to fix your credit, the Guaranteed MasterCard provides you a lot of similar benefits of other Capital One Canada Cards. In addition, you can have more freedom compared with other pre-paid cards that are presented to people having comparable situations. The fairly high variable interest rates are ordinary for cards of this kind, but you will notice that it is convenient. The annual fee, though, is lower than you may think particularly when you considering that you do not only have access to many registered merchants worldwide, but you obtain the ease of the MasterCard’s PayPass technology as well.
Standard Capital One Canada Cards benefits and features are included in this MasterCard such MasterAssist Travel Assistance Service which can assist you in putting together travel plans or manage with problems along your trips. Aside from that, Common Carrier Travel Accident Insurance will oblige you to charge your travel expenses with your credit card. Likewise, you can also get a hold of a Car Rental Collision and Damage Waiver which are listed in the Certificate of Insurance that goes along with your card. Clearly, you obtain a great deal of more than just the capability to perk up your credit and the comfort of not needing any cash when bring along the credit card.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Capital One Card Lab
Applycreditcard-online.com
Canadian Finance.ca
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
talking about the collection agencies
- Posted December 11, 2010 by Monty Loree
Talking About the Collection Agencies
Debt can come about to anybody. Falling on hard times, excessive spending or just being discontented with a product are merely few of the reasons why debts are not paid. However, with any reason, if you owe some money, your creditors may have the option to utilize a collection agency.
Apply Today! Collection Agency Kung Fu
Collection agencies gather debts on behalf of people or businesses. In Ontario, agencies are handled by the Collection Agencies Act and the Ministry of Consumer Services.
• If you learn that a collection agency has gotten your file, do not be fearful. Below are some few things regarding how you deal with a collection agency.
• If you think you owe the debt, the first thing you should do is get in touch with the collection agency and, if probable, pays off the debt. If this is not achievable, call them and clarify why you cannot pay, and talk about option payment arrangements.
• If you got a payment agreement with an agency, be sure to confirm it in writing and put in a payment to the agency. Never pay in cash and be sure you keep records of all transactions in case there are issues in the future. During the payment process, do not call the original company, as this will produce confusions.
• Lastly, if you are having severe financial problems, you should reflect on contacting a credit counseling service. These nonprofit organizations can aid you with creditor calls and repayment plans along with long term financial planning. If you do not consider you owe the debt, warn the agency and business in writing about why you suppose it is a mistake. Follow up with a written letter confirming the account has been eliminated.
Do not put together payments, offer to make payments or admit to owing money. By law, a collection agent cannot keep on demanding for a payment if a consumer claims that debt has not been owed, if not the agency takes every logical steps to guarantee the person is a debtor.
See Also
Rules and Regulations of Collection Agencies
Collection Agency Association in Canada
Ending Collection Agency Calls
External Links
Cardreport.com
Moneyproblems.ca
Collectionagencyservices.net
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
owing a debt from a collection agency
- Posted December 11, 2010 by Monty Loree
Owing a Debt from a Collection Agency
The problem I recently encountered is about a school that I worked for mailed me the bill to the debt I owed from a collection agency. The collection agency and I made a payment plan. However, it turned out that it is too much for me to manage given that I have limited budget at the moment. I asked them that I will keep on paying what I am paying off them but it will be only once a month rather than twice a month.
The collection agency informed me that the amount they are collecting from me will not take less than 10% in payments for the reason that the debt is nearly 5 years old. I cannot do that and when I notified the agency that I could not put together such settlement, the agency told me that if the school does not obtain what they desire regarding the payments then they may withdraw the debt from this collection agency and ensue with a judgment against me such as garnishment. Do they have the authority to tell me what I have to pay them? I have learned that they must agree to whatever I provide them and if they do not then I can take legal action on it and have the debt eliminated?
Apply Today! Collection Agency Kung Fu
Unluckily, no, you cannot just present whatever you wish for a collection agency and oblige them to remove your debt. If that was factual, everybody would basically offer to pay $1 to each collection agent that has contacted them. Aside from that, if they did not acknowledge their debts, it would be eliminated.
The service of a collection agency is to pull together payment from debts. If they do not believe you are paying off your owed money promptly, they can go back to your account with your original creditor, or they could hunt you further by trying to garnishee your wages. In nearly all cases, if you are paying something sensible, it is not probable that they will bring the case to court.
For the moment, your most excellent choice may be to just continue to send them what you can manage to pay for. Provided that they continually accept the money and not bring you to court, you have a possibility to keep on making payments. If they decline any payment you made, or if they do initiate court proceedings, it will then be moment to think of your other alternatives in managing your debt.
See Also
Bringing an End with Collection Agency Calls
Common Problems Dealing with a Collection Agency
Collection Agencies-Kung Fu System
External Links
Collectionagencyservices.net
Investopedia.com
Moneyproblems.ca
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
managing collection agency threats and intimidating strategies
- Posted December 11, 2010 by Monty Loree
Managing Collection Agency Threats and Intimidating Strategies
If you are having problems with bad credit, you most likely will deal with collection agencies in the future. These companies will utilize any technique at their disposal to obtain the money that you owe their clients. They frequently make use of tactics that are discourteous and threatening.
There are several collection agencies that are more realistic in the communications with debtors and will work with them to get solutions. Others will annoy you with every day telephone calls to pressure you that they will your credit score. For you to deal with the stress of these agencies, you must find out how to manage collection calls.
Get a hold of the full name of the person who calls you. They must provide you their name. Be truthful about your financial situation and do your best to find a way to put together a payment schedule that will please them. You have the authority to inquire from them to stop doing any threats. Be as respectful as you can, however let them know that you would not answer intimidating phone calls. If they continue to contact you, call your creditor directly and present to them the name of the collection agency and the name of the person who is so pesky to you. You do not have to acknowledge rude phone calls. Make a record of the number of times they call and note the intimidating conversation they had with you.
Apply Today! Collection Agency Kung Fu
A lot of collection agencies feel that utilizing bullying gets them the most excellent results and given that most of them make use of the telephone. They believe that they can state whatever they desire to earn back the money you owed to their client. Few people take collection agencies to court for the reason that it is so complicated to attest the harassment. No evidences are available. Thus, be certain to put in writing all communications you had with the collection agency.
Many individual who owe large amounts of money are embarrassed of that reality. Therefore, they almost feel they are worthy to get abusive phone calls. This is definitely not the case. A bad credit rating does not affirm poor treatment. Report any collection agency that utilizes alarming tactics to the company that take into service with them. Allow that company to learn that you would not want work with an agency that uses cruel ways just to obtain their money.
A number of collection agencies will advise you that they have the power to damage your credit score. This is not factual. There are two things that can harm your credit score:
1. The first time that you fail to pay your monthly debt; and
2. When you were reported to a collection agency.
There is nothing that the collection agency employee can do to fix your credit score worse than that. Do not allow false claims about your credit score to bully you. You do not have to recognize the various kinds of harassment from collection agencies.
See Also
Rules and Regulations of Collection Agencies
Collection Agency Association in Canada
Ending Collection Agency Calls
External Links
Cardreport.com
Moneyproblems.ca
Collectionagencyservices.net
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
conferring for a settlement of debt with bank
- Posted December 11, 2010 by Monty Loree
Conferring for a Settlement of Debt with Bank
How can I go about in starting a conversation with a Bank regarding settlement of an outstanding loan under the name of my wife?
The loan came from our past marriage and my ex-wife did not continue paying off the debt we had from a vehicle that must be paid. She sued him and won with the case. He claimed a bankruptcy status.
Apply Today! Collection Agency Kung Fu
With that, we have fought life together. I wish to have this outstanding debt taken care of for her for the reason that she deserves to have it out off her mind. My questions are:
1. What is the excellent way to start with a conversation? I was reflecting if my accountant can call the Bank. Will the bank talk about the debt with a cash advance on behalf of the client?
2. An outside collection agency provided their service to bring the debt down the amount of the debt which was not paid. The van was then repossessed. How much should I come in at to start negotiations?
Your recommendation is very much appreciated as I am to some extent lost here. However, I would love it if I could do this for my wife for Christmas as it puts a lot of stress on her.
If the account is in the possession of a collection agency, the best initial action would be to get in touch with the collection agency. It is probable that they will only transact with your wife, given that the debt is in her name. To begin, she could contact them and basically offer to settle for a certain amount given that this debt is already old. It is potential that the collection agency will reflect on this and settle for that amount. There are lawyers that concentrate in negotiating settlements with banks. These lawyers can offer more information, and would discuss the settlement on behalf of your wife.
See Also
Canadian-Money-Advisor FAQs
Debt Settlement Canada Signup
Canadian Debt Settlement
External Links
Prlog.org
Curadebt.com
Debtprison.net
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
collections agency affects your credit report
- Posted December 11, 2010 by Monty Loree
Collections Agency Affects Your Credit Report
Acquire debts you cannot manage will sooner or later give you problems. Not following the debt obligations as well doing prompt payments, your credit score will start to suffer. This will create a lot of difficulties for you to track down your financial status.
Credit reports are influenced by a lot of things concerning your financial life. However, what collection agency does report to the credit bureaus every month could be disadvantageous to your financial future. When you have debts that get into collections, the reporting of these actions can have a big blow to your reports.
Collection agencies have long been identified as being complicated to work with particularly in settling debts. Yet, not all agencies take action unsuitably, there are a lot of people misinform thinking that instant action is necessary and can spare their credit reports and score. Though, occasionally when you are in debt, managing to set right your outstanding accounts can do further harm than good.
Collection agencies wish to obtain their money which generally stems from the total amount they are able to pull together from a debtor. The more money they acquire from you, the more profit they get. With that, they will work hard to make a deal that eventually can upset your credit score.
Apply Today! Collection Agency Kung Fu
Here is a list of ways in paying off your Debts in Collection that can harm your Credit Report:
o If you start on a deal with a collection agency to pay an account for less money that you initially owed the creditor, your score can go down.
o Collection agents assure to report back to the credit bureaus an improved status than you really have in trade for an urgent payment. Yet, a lot of them get the money and do not complete any reporting.
o Those that do report to the credit bureaus after obtaining payment can do an opposing action and give information that is not correct which can further hurt your score.
o If you get in touch with a creditor or a collection agent regarding old debts in trying to perk up your credit score, you can re-trigger the statute of limitations debt, making it permissible to pursue you for the amount due and putting yourself open to be prosecuted for an old debt.
o If you put forward to make a payment on an old debt, you can build a situation where you may be sued, or at least harassed for the remaining total of money due.
A debt in collections can inflict confusion on your FICO score. However, you must remember that it goes down to what the original creditor reports back to the credit bureaus. If you are seeking to improve your score, you may negotiate with the original creditor to pay off the balance you owed if they would agree to report back a balance of zero on the debt before a charge off. A debt collection agency may not have the authority to or be as willing to work with you, given that they are working towards a commission based on the total amount collected.
See Also
Bringing an End with Collection Agency Calls
Common Problems Dealing with a Collection Agency
Collection Agencies-Kung Fu System
External Links
Collectionagencyservices.net
Investopedia.com
Moneyproblems.ca
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
collection agency scheme how to bring to an end to collection calls
- Posted December 11, 2010 by Monty Loree
Collection Agency Scheme: How to bring to an End to Collection Calls
There are a lot of reasons why an individual may have fallen behind with there bills. Nearly all of them are good truthful reasons. However, it is simply for the reason that you have fallen behind in your bills does not signify you should be hassled, frightened or even humiliated by debt collectors.
I would to point out that not every debt collectors are bad debt collectors. A lot of the debt collectors are good people doing a difficult job. However, they have mentioned that there are numerous of fraudulent collection firms out there. And when you are in debt, the last thing you desire is to be hounded by devious people demanding to obtain as much money out of you as they can in any way they like. Your most excellent defense regarding these dishonest collection firms is awareness. I my self have been the sufferer of Identity theft and have had to handle a group of disruptive collection firms.
Apply Today! Collection Agency Kung Fu
At first, you should recognize that the law is on your side. That is the side of the consumer. Federal and state laws are made to defend you from collection scams, fraudulent collection firms, keep your privacy and ensure that you are treated civilly.
Probably the first inquiry you have in your mind is how you can stop the phone calls. Yes, you can bring to an end to the phone calls. The only way to stop the phone calls is to mail a letter to the collection firm telling them to stop. Once a debt collector gets your letter they can not contact you apart from cases where they aim to put together a particular action such as law suite. You should keep in mind that if they stop calling you, it does not denote that the debt you owe them is going to be erased. It will be still there, they simply stop calling you.
Having debts can be discomforting. Nearly all people are not willing to have there friends or family member recognize that they have fallen behind their bills. Debt collectors are not allowed to talk to other people concerning your debt. In several cases, a debt collector can get in touch with other people. However, this is only to ask where you live, what your phone number is, and where you work. Usually, debt collectors are not permitted to speak about your debt to other people apart from your lawyer or with your consent. Debt collectors are also forbidden from contacting you when you are at work.
Harassment happens when a debt collector make threats to you, using obscene language or repetitively utilizing the telephone to irritate you. All of these activities are against the law. In these cases it is most excellent that you request the agency to stop contacting you by sending them a letter. If they persist then you should file a complaint.
See Also
Truth About Collection Agencies
Rules and Regulation of Collection Agencies
Collection Agency Discussion Forum
External Links
Collectionscreditrisk.com
Moneyproblems.ca
Wikipedia.org
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
collection agencies act in canada
- Posted December 11, 2010 by Monty Loree
Collection Agencies Act in Canada
The Collection Agencies Act defines other rules to look after you from exploitations made by the collection agency. If a collection agency violates any of the following regulations, contact the head of the agency by phone and in writing. If you are still not contented, contact the Ministry of Consumer Services. The Ministry can examine, leading to the probable for a suspension or revocation of the agency’s registration. Breaching of the act can also lead to outcome regarding considerable fines, imprisonment or both.
The agency must inform you the creditor’s name, its name and the amount you owe them. You do not have to pay any extra with what is owed to the creditor, and do not have to pay of for any cost of collecting the debt. A collector cannot get in touch with you in a way that costs you money.
Apply Today! Collection Agency Kung Fu
A collection agent may communicate with you by mail or through phone. By mail, the agency must pass the time of six days in order to contact you again after each letter. By telephone, a collector cannot call you more than three times in a seven-day period. They can only call from 7 am-9 pm Monday to Saturday, 1 pm-5 pm on Sundays, and never on statutory holidays.
The collector cannot provide false information or utilize intimidating, disrespectful, frightening or coercive language. Make records of the date, time and frequency of calls if you consider you are being harassed or you felt any harassment. The agency can only make contact with you if a family member or friend has given an assurance to pay off the debt. An agency can only contact them in respect of that promise. The agency can also call if they are only looking for your home address or telephone number.
The agency cannot contact your employer, unless the employer has guaranteed to pay the debt, or a court has issued a judgment in favor of the agency. The collector may call once to confirm your employment. If an agency decides to bring it to court, it must require a written permission from the creditor and must inform you earlier. An agency cannot contact you if you have confirmed it through registered mail to talk only through your lawyer. You must offer your lawyer’s name, address and phone number.
See Also
Commercial Collection Agency Association
Facts of the Collection Agencies
Collection Agencies Forum
External Links
Linkedin.com
Hg.org-collection agency
Ezinearticles.com
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Collection Agencies More articles from December, 2010 More articles from 2010
the new no hassle cash rewards credit card from capital one
- Posted December 10, 2010 by Monty Loree
The New No Hassle Cash Rewards Credit Card from Capital One
Capital One has advertised their new No Hassle Cash Rewards credit card that grants one percent cash back on all purchase transactions made without getting trouble with the various complex requirements, puzzling language and annoying expiration periods of other cash back rewards programs offered by other credit cards.
Capital One No Hassle Cash Rewards cardholders get one percent cash back on all purchases made using the card all over the place. You can start to earn point on the day your account is opened. Aside from that, you will get an additional 25 percent annual bonus on the total cash back you have earned. The Capital One No Hassle Cash Rewards card does no have any expiration date regarding with the rewards you hold. There is also no minimum cash redemption levels, no limit to the amounts of points you will accumulate, no spending minimums, and clients can exchange the rewards points for cash, statement credit, or gift card any time they need or want it.
Cash rewards programs have turn out to be ever more complex, and a lot of consumers are not aware of the limitations of their current cash rewards card. Not like other cash rewards cards that have varying earning rates, minimum spending requirements and reward expiration periods. This No Hassle Cash program does not hold any of these restrictions.
Base on the survey made, 91 percent of credit cardholders believe that it is essential to closely understand the fine print of credit card offers. However, nearly 40 percent are not aware that a lot of cash reward programs have limited the amount of rewards that an individual can collect, and more than 30 percent of the responses of the survey did not recognize that their cash back rewards have an expiration date. Both of the information gathered from the survey is the two common restrictions of cash rewards programs.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Capital One Card Lab
Creditcardsearch.ca
Creditfast.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
capital one rewards offers orbitz visa credit card
- Posted December 10, 2010 by Monty Loree
Capital One Rewards Offers Orbitz Visa Credit Card
Orbitz Worldwide has launch a new Orbitz Visa Credit Card coming from Capital One No Hassle Rewards, this is a new credit card that travelers convenience to get triple Capital One No Hassle Rewards points whenever the you are going to book for an airfare, hotel accommodations and vacation packages on the official website which is Orbitz.com.
The new Orbitz Visa Credit Card allows cardholders to collect and redeem travel rewards points easily through the points earned every dollar spent on purchases and extra bonus alternatives. Cardholders can select from a different Capital One No Hassle Rewards offers such as travel packages found in Orbitz.com, cash, gift cards and branded merchandises no needing to worry about the capacity of points you can hold. You will not also be charged for any annual fees as well as foreign transaction fees.
A lot of customers desire to travel and they want to collect travel rewards points coming from what they have spent. The partnership of Capital One with Orbitz Worldwide allowed every client to acquire rewards credit card easily and not demanding too much requirements. Aside from that, the cardholders have great earning prospective and redemption options.
A lot of people were happy and attracted of the partnership made by Capital One with Orbitz to offer their customers an excellent credit card rewards experience. Orbitz customers will gain points easily and redeem them having less hassle which is truly a winning combination.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Credit-card-review.toptenreviews.com
Capitalone.com
Creditcards.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
capital one bring in the card lab connect for organizations
- Posted December 10, 2010 by Monty Loree
Capital One Bringing In the Card Lab Connect for Organizations
Capital One has started with the Card Lab Connect. It is a credit card related program coming from Capital One that aids nonprofits to increase their giving channels while offering their supporters with a suitable and significant manner to contribute to charity programs. Not like most similar card programs which normally cater to bigger, national organizations, Capital One Card Lab Connect is accessible for nonprofits of different sizes.
In the existing financial environment, nonprofit organizations are having a twofold challenge of the bigger need and tightened budgets and these concerns are amplified for smaller nonprofits. Cash strapped consumers are having difficulty in providing ongoing support. Based on the 2009 Capital One Card Lab Connect Charitable Giving Survey, 57 percent of the total respondents over the past year have not made any similar charitable donations they have done during the previous years because of financial constraints.
With that, we found out that for nonprofit organizations, predominantly smaller community-based groups, fundraising programs are an even greater priority in this rough economic climate. The requirement for their services is greater and, while supporters are searching for ways to lend a hand, donations are difficult at that time. Capital One Card Lab Connect aspires to assist and get together the varying needs of nonprofits and consumers equally. It is a fitting for people to help out in supporting their charity programs of choice.
Capital One offers the No Hassle Giving Site, which is a website that permits Capital One cardholders to study, pick, and contribute to the foundation of their choice. Capital One covers the transaction costs for each donation, ensuring that 100 percent of the donation is delivered to their charity program. At present, Capital One Card Lab Connect offers nonprofits another tool to aid them in attracting donations.
By using an easy-to-use online tool, nonprofits can register for Card Lab Connect, build a series of up to three exclusively designed credit cards for their organization, and utilize online tools to push their supporters to get the affinity card. All rewards gathered on these cards, including one percent of net purchases and an additional $25 with the first purchase will go straight to the support of the affiliated nonprofit organization. There are no intricate contract negotiations, no member quotas and no exchange of membership mailing lists compared to other affinity programs.
Nonprofits these days are seeking for innovative ways to boost donor support to sustain the demands of a tough economy. The Card Lab Connect program allows nonprofits with free marketing tools and a suitable new channel to get in touch with, connect and activate their supporters.
Card Lab Connect has already been through a successful initial phase, which permitted a selected number of community-based nonprofit organizations to check the program. Pilot organizations presented that the program not only helped them gather funds but also helped to lift their profiles through the custom card design feature.
The Capital One Card Lab Connect program offers a trouble-free and unproblematic way for our supporters to donate, mounting our capability to fundraise and moving out there and acknowledges people who would otherwise not hit upon it.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcardassociate.com
Huliq.com
Capitalone.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
bad credit loan necessary for unemployed individuals
- Posted December 09, 2010 by Monty Loree
Bad Credit Loan: Necessary for Unemployed Individuals
When you are jobless, unforeseen financial emergencies can still take place to you. If you are experiencing such a tough condition and it shows that there are no way left, you can benefit from a bad credit unemployment loan. This could attest as a life saver in times of your need. Having a bad credit loan, you will be able to have all your needs during the difficult times until you get employed.
Before You Get A Loan
Prior in getting such loan, you should evaluate your situation, particularly your financial status and the span of time that might slip away before you can obtain a sensible job. It is essential to keep in mind that it is not simple to acquire bad credit unemployment loan and it is significant to understand that the loan eventually be paid back. Usually, lenders believe your job as the key of your capability to pay back the loan without any default. Without a job, if you have considerable assets, you will have a higher possibility of qualifying for a bad credit unemployment loan, though you possess a bad credit. Putting together a substantial down payment of 25% or more also can improve your chances getting approved of the loan.
Technique to Get the Loan
Another technique of qualifying for a bad credit unemployment loan is your home equity, which can give financial guarantee. There are two methods in doing this. You can either obtain a home equity loan, which is a huge amount and is paid back in a certain period of time, or you can bring a home equity line of credit, which is similar to a credit card having a revolving balance. You can get money with the line of credit when you want to and the credit will turn out to be obtainable again as you replenish the balance. This home equity line of credit, is helpful for irregular expenses. The unemployed can carry out their basic necessities and lessen their credit card payments and purchases. Bad credit unemployment loans can also be utilized to a debt consolidation so that the unemployed can standardize and systematize their debts to lower the interest rate they have to pay. A debt management firm can assist you in this matter by negotiating with creditors to lower interest rates and do away with late fees.
Flexible Unsecured Loan
If you are an unemployed tenant, you might be qualified for a flexible unsecured bad credit loan, which have a reserve facility, holiday period or overdraft. Usually you can make repayments on these loans at a later time with no penalties given. This kind of loans is offered to unemployed tenants who have little or no income. Income supports, benefits and disability allowance all should be included in total income being presented.
Loan for Students
Students who require extra money to finish their education can also take pleasure of bad credit unemployment loans. When allowed for a bad credit unemployment loan, at all times seek for a repayment plan that has flexible terms and the check the optimum loan amount. Before you decide on getting the loan amount, be sure you have thought of the time to look for a new job.
See Also
Bad Credit Loan Canada
Growing Demand for Bad Credit Loan
Bad Credit Loan Guide
External Links
Badcreditloanservices.com
Seedol.com
Snappymoney.com
More From Canadian-Money-Advisor.ca Discuss Debt Settlement Other posts about Canadian Debt Relief More articles from December, 2010 More articles from 2010
bad credit loan majority of the people resort on it
- Posted December 09, 2010 by Monty Loree
Bad Credit Loan: Majority of the People Resort On It
Bad credit loans are presently having an extraordinary rush in attractiveness. More and more people are transacting with consumer finance deals. Providing additional thrust to the demand for bad credit loan are the low interest rate offers. It has never been unproblematic to have a loan but thanks to the various financial tools.
Secured and Unsecured Loan
The two essential kinds of loans obtainable are secured and unsecured. Secured bad credit loan refers to the borrower's assurance of an asset such as home or car to the lender. If there will be a default on the loan, the lender will take possession of the guaranteed asset. Anyone with poor credit can utilize secured loans. The likelihood of acquiring unsecured loans for an individual with bad credit is nearly impossible.
For persons who are in possession of a property but hold a poor credit history, secured bad credit loans are the suitable for them. A secured loan transaction creates monetary sense aside from being very cheap. Countless of lenders and financial institutions provides great promotion regarding bad credit loan. A lot of consumers with bad credit can benefit from these consumer finance offers.
Applying for Secured Loans
In applying for secured bad credit loan, the amount of cash you borrowed will matter on the equity obtainable from your property. The full amount would comprise the market value of the property less with the value of the mortgages and the on hand loans already taken on it.
It is indispensable to highlight once more that a secured bad credit loan is most likely measured as the most cost-effective alternative existing to a consumer with bad credit. Interest rates on secured loans are much lower compared to unsecured loans. The basis is evident as secured loans need an asset. Secured loans also put forward a much higher amount for borrowing than unsecured loans even if it is restricted by the equity amount on the property. These loans can possibly raise a large amount given that the equity on your property is high.
Benefits of Secured Loans
Another benefit of secured loans is the simplicity in paying it off. Having long-term loans, the amount of monthly installments is somehow low unlike in unsecured loans. Secured bad credit loan provides undemanding access to those with bad credit, in which it is intricate to hit upon lenders eager to grant unsecured bad credit loan. It is not that a bad credit history supports lenders to provide an unsecured loan. They are secure in the facts that even in the occasion of your lack of ability to pay back the loan amount, they do have a little protection against the loan that can be utilized if necessary.
Reason to Apply for a Secured Loan
The most important reason for applying for secured bad credit loan is to merge existing loans and credits. Consolidation of loans is advantageous primarily as it makes the repayment method on all your loans much easier. Combining your debt to initiate payment will help you start on it and ultimately clear up all your debts and fix your credit. To come across on a deal that would offer you the maximum benefits, surf as many sites that offer these loans. Be sure to check the key details especially the loan term and annual percentage rate.
See Also
Bad Credit Loan Canada
Growing Demand for Bad Credit Loan
Bad Credit Loan Guide
External Links
Mahalo.com
Badcreditresources.com
Totallymoney.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
getting rid of your debt using bad credit loans
- Posted December 09, 2010 by Monty Loree
Getting Rid of Your Debt Using Bad Credit Loans
Nearly all people are besieged with debt problems but bad credit loans can help overcome this situation. More and more people now are utilizing bad credit loans to aid them handle their debt problems. There are a lot of kinds of bad credit loans such as bad credit home loans, bad credit auto loans, bad credit cards, and bad credit personal loans.
Avoiding Debt...
If you wish to avoid your debt completely, proficiently and with less damage, getting a bad credit loan is the perfect thing to do. Having the loan, not like a credit card, it requires non-revolving credit. This means that the interest rate and the terms of the bad credit loan are fixed at the start. Furthermore, the monthly payments are constantly unvarying, which makes it trouble-free for you to put aside a monthly budget.
It is appealing to see that companies that provide bad credit loans do not essentially mind what will you do with the money you got. Their major worry is whether the borrower can pay back the loan or not. This is even more needed for the reasons that people with bad credit pretense a higher risk to lenders. People with bad credit have to search for fitting, specialist lenders who will offer personal loans to them.
Debt Counseling Services...
You can also take benefit of debt counseling services, which can place you in a superior position at the lenders' negotiating desk. It is required for you to evaluate your alternatives, be aware of the whole loan system, and have a discussion with specialists prior to finalizing any loan. If you do not do this, your hunt for a bad credit loan may not be very rewarding.
Having a Bad Credit...
If you possess a bad credit, you will have to pay for higher interest rate for your bad credit loans, so the total cost of the loan will become expensive. Yet, it is significant to fulfill with all the terms of the loan and put together all the repayments promptly. If you can do it then your credit record will perk up and after three years you will no longer be under the bad credit category. Another choice is to combine all your debts. In doing this, you will be able to keep away from making ten different checks to ten different bad credit loan companies and merge all those bills into one single payment having a lower interest rate. This will also allow you to pay off your debt quickly since lower interest rates indicate lower monthly payments. By consolidation, it is unproblematic to exclude lower monthly payments from your monthly budget, and therefore you can simply put together payments regularly each month. Regular, prompt payments will get rid of your debt and enhance your credit rating.
There is no uncertainty that getting a bad credit loan can be exceptionally beneficial to borrowers. In addition, it provides the chance to secure your debts, thus leading to the elimination of your debt troubles. Bad credit loans can aid you to restore your credit. With the low interest rate, they make it undemanding for you to complete monthly payments punctually, which can improve your credit score. You can then obtain a bad credit loan, consolidate your loans, get rid of your debt burden and fix your credit all at the same time.
See Also
Bad Credit Loan Canada
Growing Demand for Bad Credit Loan
Bad Credit Loan Guide
External Links
Rebuild.org
Personalloan4badcredit.com
Creditprovide.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
how you can prequalify for a bad credit loan
- Posted December 09, 2010 by Monty Loree
How You Can Pre-Qualify for A Bad Credit Loan?
In agreement to mortgage bad credit loan payments beyond your earnings could lead to problems. In the credit industry, a succession of financial problem is considered to be worst. Thus, it is essential for consumers with bad credit to be aware of what to expect and that their options regarding sub-prime mortgage market is nowhere near to a mortgage options obtainable to borrowers with perfect credit. There are definite measures you can do to pre-qualify for a mortgage bad credit loan.
Mortgage Bad Credit Loan...
Before making any efforts for a mortgage bad credit loan, it is required to have a clear idea of your credit standing. Lenders utilize two systems to categorize borrowers. The first have common feature with the standard grading system that is utilized in schools. Borrowers are assessed on credit and provided with grades from A, as the best, to D, for having bad credit. There are even rare cases of Fs. In the second scoring model, the similarity is to a SAT score with 800 being the best and 400 on the other end of the scale as poor. Another vital way of computing bad credit loan eligibility is the ratio of the borrowed amount with the worth of the property made as collateral. This ratio is normally termed as loan-to-value, or LTV.
In cases of refinancing, the homeowner have be in the property for a particular period of time, ranging from 6 months to a year, having only the appraised value could be utilized in the loan for computing the value. In some cases, this may create a problem. The amount of balance over the mortgage bad credit loan is generally paid by cash down payments.
Enhanced Debt-to-Income Ratio
The debt-to-income ratio (DTI) is designed by adding all the borrower's debt payments, together with the bad credit loan being applied for. This figure needs to be separated by the net cash every month for the borrower's living expenses in addition to debt. Lenders mostly desire less than 40% for this ratio. To get a hold of low interest loans, a low DTI is necessary. Subprime market lenders are also more flexible for the DTI standing for the percentages as high as 55%-60%. Even for other parameters, flexibility is important in the subprime market. On the other side, the cost of flexibility is higher interest rates.
Bad credit typically entails higher interest rates and origination fees for bad credit loans, but limits are set by the industry. One point on a bad credit loan is 1% of the loan amount. Unwary customers may be the targets from overcharging.
In general, a high number of points are the cause to take advantage of it. According to mortgage brokers, they risk a bad credit loan when no one else would. Yet, with the majority of cases it is not acceptable. There may be extra effort necessary on the part of the borrower to come across a bad credit loan broker for a complicated loan. However, diligence is rewarded not only with the loan but also with decent terms.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Badcreditoffers.com
Bad-credit-loan-in-canada.com
Whichwaytopay.ca
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
growing demand for bad credit loans
- Posted December 09, 2010 by Monty Loree
Growing Demand for Bad Credit Loans
Consumer finance transactions have improved to an extraordinary level. Nearly all people have to obtain alternative with bad credit loans to gratify their desires of buying what they want. The need for bad credit loans has been rising due to the low interest rates that are common, and this has made lending of money an exceptionally convenient process.
Two Kinds of Bad Credit Loans
Bad credit loans have two kinds which is secured and unsecured. When a lender provides a secured bad credit loan, the borrower has to give an asset as an assurance, which can be owned by the lender in times when the borrower fails to follow the repayment obligation. That kind of loan is termed as a secured bad credit loan. If a consumer has fair or good credit, a secured loan can be utilized for a highly viable and profitable loan. Yet, people with bad credit will come across to many difficulties to acquire an unsecured loan.
If you hold a property and your credit is not that excellent, a secured bad credit loan is a very practical for you. Such a transaction makes monetary sense and is exceptionally inexpensive. Different lenders and financial institutions are assisting millions of consumers with bad credit by the striking consumer financing deals and offers.
The existing equity on your property establishes the amount that you can have as a loan with a secured bad credit loan and is calculated by taking away the value of mortgages and on hand loans from the market value of your property.
Interest Rates Regarding Bad Credit Loans
When interest rates on secured bad credit loans are much lower compared to unsecured loans, secured loans are well thought-out as the most cost-effective choice existing to consumers with bad credit. The explanation for this is apparent as the lender's take risk along with the assurance of having the borrower's asset. In cases when the borrower fails to carry out the payment commitments, the lender will be capable of recovering the balance amount of the loan by cashing in the collateral. Thus, the risk factor will be very low.
The sum of money that can be loan on a secured loan, even though reliant upon the existing equity of the property, is much higher than what can be borrowed alongside with unsecured loans. In addition, for the reason that secured loans are long term, the amount of the monthly payments is much lower, making it convenient for the borrower to pay on a regular basis and promptly. This is not similar in cases dealing with unsecured loans. Consumers with bad credit discover that it is easy to acquire secured bad credit loans, while lenders might not grant them unsecured bad credit loans that easily.
How Helpful is a Secured Bad Credit Loans?
Secured bad credit loans are very helpful for the reason that they assist in consolidating existing loans and credits. By consolidating a range of debts, the consumer only has to put together one repayment every month. By paying off your debt on a regular basis and promptly, the consumer can resolve all debts eventually and thus attain a good credit rating.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Cashadvancepaydayloansca.com
Longtermloans.ca
Vipcredit.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
be cautious in choosing a bad credit loan
- Posted December 09, 2010 by Monty Loree
Be Cautious in Choosing A Bad Credit Loan
You will never distinguish what outcome is ahead of you. It may take place one day when you are having problems with your debts and you will require instant cash to pay for it. Thus, it is probable to acquire a bad credit loan to help you deal with it. Getting a bad credit loan will not pull down your credit rating, nor will it decrease your likelihood of being approved with a standard loan in the future.
A number of bad credit loans are obtainable without any difficulty. Actually, it can be processed much more swiftly than you would have anticipated. This will make you think whether you did your exploration satisfactorily when you were still searching for a bad credit loan, by asking different kinds of inquiries, checking the Internet and chatting with several lenders. Did you go investigate all the angles and provisions of the loan or did simply select the first one that came into your way?
Interest Rate of Bad Credit Loans
It is imperative to take heed for interest rates with bad credit loans. The fast approved kinds of bad credit loans are frequently goes along with exceptionally high interest rate. Is it truly worthy to acquire a loan that may resolve your urgent problem but only increase your debt problems? Lenders have to cover their risks in lending those persons having poor credit history. They will then impose high interest rate which is much higher over the prime rate. It is probably best to seek for another alternative that suits you better. Furthermore, if you require more money for the reason of your bad credit, you would call for another loan, until you wind up in an irreparable state.
In turn, when you protect yourself from such a situation, handling your bad credit loan wisely and not borrowing excessive money than what you can pay off without any problems. Do not put together a rushed decision about a bad credit loan. You should make inquiries on every detail of it and apply for a loan in which the payments would not be too hard for you to make, particularly when you have other debts that you may pay monthly. Do not obtain a bad credit loan carelessly.
Keeping Away from Bad Credit Loans
To keep away from a bad credit loan, search for other possibilities, such as seeking for help from family or friends or maybe going on a part-time job for additional money. With that, you would not have to apply for a loan, and you can discontinue your succession of bad credit if you would not be capable of paying the loan back.
Bad credit can take place as a result of unanticipated events, such as divorce or a medical emergency or long-standing illness. These things can come about to anybody. Several mainstream lenders may not believe the plan of lending money to people with bad credit. However, there are a lot of other lenders who do provide loans to people with bad credit. For all time, be sure that you do not fail any loan payments, since it will without doubt put you on the credit blacklist.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Cashadvancepaydayloansca.com
Longtermloans.ca
Vipcredit.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
capital one rewards credit card improved for small businesses
- Posted December 09, 2010 by Monty Loree
Capital One Rewards Credit Card: Improved for Small Businesses
Capital One has publicized the Preferred No Hassles Miles card. The card offers small business owners double rewards regarding travel and entertainment purchases.
Travel and entertainment is a considerable spend category for many small business owners. With that, the Preferred No Hassles Miles credit card is presented to clients who want to earn as much rewards where they spend the most of their money.
Features of the Credit Card
With the card that does not have any annual fee, customers get two miles per dollar on all travel and entertainment purchases made with airlines, restaurants hotels, bowling alleys, buses/charters, car rentals, cruise lines, movie theatres, passenger railways, taxicabs/limousines, timeshares, travel agents, and video rental stores. This widen the explanation of the travel and entertainment category, which has usually been restricted to airline and restaurant transactions, tied with Capital One's no foreign transaction fee policy, making this card ideal for business owners seeking for more flexibility in receiving rewards on their travel and entertainment purchases. Moreover, customers will get one mile per dollar for all other purchases. Miles can be exchanged for travel, gift cards, merchandise, and even cash that can be returned into their business.
Taking Pleasure of the Rewards
Consumers will take pleasure with the No Hassle rewards benefits Capital One which is already offered for years now. It also includes no blackout dates, no seat restrictions, no advance booking or Saturday night stay requirements, and flights on any airline. Customers redeeming for travel basically purchase their ticket using their Capital One Preferred No Hassles Miles credit card or to call Capital One or go to www.capitalone.com to get refund of the charge with miles. The expense of the ticket is reimbursed on the next statement. The number of rewards needed would matter on the ticket price. And, as with all Capital One small business credit cards, there is no limit on miles that can be accumulated and miles do not expire as long as the life of the account existing.
Online Bill Payment Benefit
Online Bill Payment is an extra benefit given by Capital One's Preferred No Hassles Miles credit card that permits small business owners to make more efficient payment of one-time or frequent bills to service providers. The choice allows small business owners to pay bills with their credit card while waiting for vendors to compensate them. It also offers the flexibility to view and pay bills from more than 200 companies in one place together with cable, wireless, insurance, Internet service and others.
Rewards cards are an excellent incentive for all consumers. However, the Preferred No Hassles Miles card simply is advantageous for the small business sector. Business owners can have the double miles they get and return them back into their business or they can utilize them to reward themselves. Furthermore, the card shows an important business resource offering Online Bill Pay which will assist small business owners keep on track and organized.
What New with Capital One Cards?
The Preferred No Hassle Miles card is the newest offering from Capital One's wide-ranging portfolio of small business rewards credit cards. Along with the No Hassle Miles card, the portfolio of cards includes the Preferred No Hassle Miles, Double No Hassle Miles, No Hassle Cash and the Business Platinum card. Every one of these products provides small businesses a variety of choices modified for each type of small business owner.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Budgettravel.about.com
Creditnet.com
Creditcardguide.com
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2010 More articles from 2010
the facts behind bad credit loans
- Posted December 07, 2010 by Monty Loree
The Facts behind Bad Credit Loans
Every time you apply for a loan, your credit history is checked. It will depend then if your application will be accepted or denied. If you own a good credit history, you may meet the criteria for the loan having outstanding rates, terms and conditions. However, if you hold a bad credit history, you may have to resort for a bad credit loan. Bad credit loans are loans that are prepared for people having a bad credit history. Not all lenders offer such kind of loans. Thus, you must have to seek for lenders who are eager to offer you these types of loans.
The Terms for the Loan
Given that a person with a bad credit history is known to be a risky client when you approve them for a loan, the lenders will be charged with a much higher interest rate. The processing fees, closing costs and others will also be much higher compared with normal loans. However, the advantage that you have in spite of the high interest rate is that your application will be approved even if you own the worst credit score. Certainly, if you evaluate the loans, they will look like second-rate loans. Yet, you need to appreciate the fact for the reason that your credit score will only be allowed for bad credit loans. No other lender would acknowledge your application.
Improving Your Chances for Approval
You can perk up your chances of the application to be accepted by applying for a secured loan. A secured loan is a loan in which the borrower has to promise several sort of security when applying for the loan. With this case, the lenders are having fewer risks. If the borrower defaults on the payments then the lender can effortlessly regain the amount. Lenders are more open to secured loans and it might not be very complicated for you to persuade a lender regardless of your credit rating. You can also develop your chances if you build up some credit worthiness prior to applying for the loan.
Post Application of the Loan
When your application is accepted, the next thing is to make sure that you obtain some good interest rates. The rates are high when you compare it with other loans. However, they can be discussed and be reduced to a certain amount. The down payment can aid you to bring down the rates by a significant margin. If you can pay a larger percentage of the amount up front, you are more likely to get a hold of lower interest rates. It also generates a better picture in the mind of the lender. As a result, if you are thinking to apply for a loan, start saving for the down payment for at least 6 to 8 months prior to it. In that way, you are ready with the amount when you need it. All needless expenses should be cut down for you to save. You must hold back yourself from purchasing unwanted stuff.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Cashadvancepaydayloansca.com
Longtermloans.ca
Vipcredit.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
every wish you have will happen with bad credit loans
- Posted December 07, 2010 by Monty Loree
Every Wish You have will Happen with Bad Credit Loans
Everything is not permanent in life. Even finding yourself in a bad financial situation is not everlasting. You can have a bad credit rating for the reason of quite a few factors, such as loss of job, irregular and late repayments, and credit card debt. Being in that situation, bad credit loans are providing the necessary money for your different needs. Bad credit loans can be utilized for emergencies when tough financial circumstances happen or for simply leisure. Furthermore, such loans are obtainable even to those people who hold bad credit or no credit.
Anybody can encounter credit problems any time. Bad credit can take place due to a range of factors. Even the most financially stable people can experience from bad credit and if this occurs, you should attempt to acquire a bad credit loan to overcome your financial dilemma.
Kinds of Bad Credit Loans
There are two kinds of bad credit loans. First would be secured bad credit loans and the other one is the unsecured bad credit loans. Consumers choose the unsecured type as they do not have to put together any guarantee, even though both the types are well-liked.
In cases of a secured bad credit loan, the borrower has to place several properties similar to a house as an assurance next to the loan. This is an exceptionally unsafe proposition as the borrower can lose the property in times of default in the repayments of the loan. In addition, if the borrower does not make any payments on time, the interest rates would also escalate significantly.
With unsecured bad credit loan, it does not require the borrowers any asset as an agreement against the loan. Usually the borrower can obtain a loan of tens of thousands of dollars. The lender would, yet, examine all the credit card bills of the borrower prior to granting the bad credit loan.
Bad credit loans are offered by numerous banks, credit unions, business merchants and financial institutes. Thus, if you want money to buy a house, a car or for any other financial emergency and if you do not have a good credit report, you can effortlessly obtain a bad credit loan to carry out your needs.
When You Apply for Bad Credit Loan
Applying for a bad credit loan is not complicated and things have turn out to be much faster due to the Internet. There is no need to go to a lender. All that you have to do now is to visit multitude of websites for you to study and decide in getting a bad credit loan. Many loan schemes will be accessible on the net and it is necessary for you to study the terms and conditions of each agency.
Prior to deciding for a bad credit loan, it is better for the borrower to shop around in order to hit upon a very excellent deal. Additionally, it is sensible to discuss with a specialist who can lead you properly and provide important suggestions so that you are successful in your search for a loan.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Cashadvancepaydayloansca.com
Longtermloans.ca
Vipcredit.com
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
bad credit loans suitable for individuals having poor credit scores
- Posted December 07, 2010 by Monty Loree
Bad Credit Loans: Suitable for Individuals having Poor Credit Scores
Countless of people are having bad credit. It is presumably that you are familiar with someone who is under pressure of having a low score. Acquiring personal loans from conventional sources such as banks is really difficult. A range of financial establishments provide loans for people with bad credit. Applying for bad credit loans call for some planning. As you search around for the best bad credit loan offers, keep in mind to evaluate your selections carefully.
For instance, the low rate that is promoted online and in the newspaper might not be the interest rate you will truly acquire. Unsecured loan providers are allowed to publicize the most striking rate they offer as long as two-thirds of their bad credit loan applications will obtain the advertised rate. The chances are in your favor that you will get a hold of the advertised rate. However, it is not a guarantee.
Loans for individuals with bad credit also charge higher interest rates for the reason that lenders utilize your credit score as their basis. If you lately defaulted on a loan, have a slow payment history, or if you have taken on too much debt, you may be charged for a higher interest. Several lenders might not falter to turn your application down.
Things to Bear in Mind about Bad Credit Loans
• There is for all time a distinct likelihood that the lender might turn out to be more understanding of your financial situation particularly if you just went through a divorce, relocated or were laid-off.
• Lenders have different kinds of loans for people with bad credit. They can put forward an appropriate bad credit loan for you.
• Two factors are always together once you acquire bad credit, higher interest rates and the requirement for additional security. Either one of these may be attached to your bad credit loan.
• The interest rates for a bad credit loan are reliant on the amount of loan you applied for, the presence of collateral and your current income.
• Secured personal loans normally have lower interest rates compared to unsecured loans.
• Secured bad credit personal loan permits you to borrow as much as 125% of the property value.
Do not be hopeless if you are one of the many people with owns a bad credit. Your next loan offers will be the perfect chance to fix your credit in certain span of time.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan Guide for Everyone
External Links
Badcreditoffers.com
Bad-credit-loan-in-canada.com
Whichwaytopay.ca
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
bad credit loans guide for everyone
- Posted December 07, 2010 by Monty Loree
Bad Credit Loans Guide for Everyone
When your credit history does have entries such as default on payments of past loans you have or country court judgments, you turn out to be a borrower with bad credit. Thus, when you want to apply for a loan, your case falls under the bad credit loan.
Regarding with Banks...
In banks, this is somehow a case which is too risky for the reason that your credit history is bad. You are more expected to put together late or even defaulted payments. As banks are apt to seek for safer investments, they have strict loan selection procedure. They will more often than not keep away from loan applications from persons who hold bad credit history. And you have to make many credible information or facts just to get a bad credit loan from them.
Nevertheless, you can still obtain a bad credit loan from various institutions. However, these loans can charge you additional cash as they hold high interest rates. Moreover, you also have to establish your intention of paying back the loan you have with these lenders.
In Secured Loan...
But if you opt for a secured loan or cut down the amount you wish to loan, you can have a better chance of having the loan approved. The lenders will still examine your credit history to acquire an idea about your credit rating. They will present you a deal only when the rating you have assures their interests. Once your loan has been approved, you will receive the money that you have to pay back in monthly installments in a certain period of time.
You do not end up with nothing if your loan application is denied because there are a lot of lenders. There are lenders who cater people having bad credit ratings. Giving an extra effort, you may hit upon a firm that offers bad credit loans. Thus, a second-rate loan application for the banks will turn out to be a normal loan application for various lenders.
Even though, these kinds of lenders have developed their individual selecting criteria, they are the only alternative available for bad credit loans. The problem here is the high interest rates they charge. These rates can be reasonable given that the risks lenders have in taking the loans to people with bad credit history. And the financial regulators permit them to incriminate high rates for the reason that the loans are of substandard type. However, even with excessive interest rates, these lenders stay behind as an alternative source of funding for people with bad credit history.
With Bad Credit Rating...
A bad credit rating does not all the time explain to mismanagement of financial expenses. People who pay attention of their credits might also have bad credit ratings. A divorce or redundancies are some things one does not anticipate but their massive expenses might influence your credit ratings. There are a lot of people who hold bad credit ratings for the reason that they were too young and innocent to handle with credits. Though, if you previously have a bad credit rating you must make sure that you put together timely payments on your other loans. A small number of slips and careless attitude will only give you a place in the credit blacklist.
See Also
Instant Fix on Bad Credit Loan
Bad Credit Loan Scams Beware
Bad Credit Loan for Unemployed
External Links
Badcreditoffers.com
Bad-credit-loan-in-canada.com
Whichwaytopay.ca
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
bad credit loans an instant fix to your doubtful credit
- Posted December 07, 2010 by Monty Loree
Bad Credit Loans: An Instant Fix to your Doubtful Credit
Bad credit loans may be the only choice left for people who have a disputed credit history or those who have not yet established their own credit history. There are two kinds of bad credit loans. One is the bad credit loans that are secured and the other one is the bad credit loans that are unsecured. Every type of bad credit loan has its own advantages and disadvantages.
Secured Bad Credit Loans
Secured bad credit loans are loans that you are provided in replacement for a security deposit which is equivalent to your loan amount, or important assets that you possess. As long as you do not default, you will obtain your money or assets back from your secured bad credit loan. Why would someone desire to take out a bad credit loan that is secured with an amount of money equal to the loan? Consider someone who is trying to rebuild their credit history, needs to get a hold of some positive accounts on their credit reports, and only has $5,000 to work with. They could take that $5,000 and get a secured credit card, but that would only be one account.
To make their money work harder for them, they could take out a $5,000 bad credit loan and then utilize that to get a $5,000 secured credit card or maybe even two $2,500 cards. This would indicate 2-3 positive accounts with the same amount of money, as opposed to 1. At the same time, they may be earning interest on the money that is securing their bad credit loan and credit cards. Also their FICO score will get an additional small boost because of account variety which FICO takes into consideration when scoring credit worthiness: 1 installment account and 1 or 2 revolving accounts, as opposed to just revolving accounts. The only disadvantage to this type of bad credit loan is that you have to come up with the money or assets to secure the loan.
Unsecured Bad Credit Loans
Unsecured bad credit loans do not oblige you to secure the loan with money or assets, but they do have very high fees and interest rates. Sometimes, you may be paying a 30%+ interest rate in order to take advantage of this type of bad credit loan. If you do not have the money to pay much more than the minimum payment each month, this type of bad credit loan will begin to add up fast and your principle balance will go nowhere. This is not a smart bad credit loan for someone who is in financial trouble and is using the bad credit loan to bail themselves out. It just will not work.
If you have bad credit and need a loan, think about the advantages and disadvantages of each type of bad credit loan to find out which is right for you. No matter which one you prefer, every type of bad credit loan will aid you to build or rebuild your credit history, as long as you make your monthly payments on time. Remember though, even with a secured bad credit loan, your delinquency will still be reported to the credit bureaus, even though the bank has collateral.
See Also
Bad Credit Loan: Majority Resort to It
Bad Credit Loan Scams Beware
Bad Credit Loan for Unemployed
External Links
Badcreditoffers.com
Bad-credit-loan-in-canada.com
Whichwaytopay.ca
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2010 More articles from 2010
bad credit loans for individual on benefit and have low income
- Posted December 07, 2010 by Monty Loree
Bad Credit Loans for Individual on Benefit and Have Low Income
People on benefit have problems getting favors from a lender to facilitate them in availing for a loan. For a person on benefit and holds bad credit status, the situation turn out to be bad. However, you do not need to be bothered any longer for the reason that bad credit loans for individuals on benefit is available. People on benefit having undesirable credit status can also benefit on huge amount of money to get together their daily or insistent expenses.
Bad credit loans for persons on benefit are suitable for people having bad credit status. A person facing outstanding debt, defaults, bankruptcy and other problems can gain the benefit of bad credit loans for individual on benefit. The FICO credit score ranges from 300 - 850 points. Anybody having a score of less than 600 points is known as a bad creditor. If your credit score is less than 600 and you are on benefit then you can take advantage of bad credit loans for people on benefit. Bad credit loans for persons on benefit can be separated into two parts, Secured bad credit loans for people on benefit and unsecured bad credit loans for people on benefit.
Getting a Secured Bad Credit Loan
To get a secured bad credit loans for people on benefit you will have to situate one of your properties as collateral to the lender. This can be some of your personal property such as car, home, jewelry, important documents and a lot more. Putting collateral aids you to get hold of large amount of money having very low interest rate. Unsecured bad credit loans for people on benefit can be given without placing any such security. Unsecured bad credit loans for people on benefit are trouble-free loans. However, the interest rate is high in contrast to secured bad credit loans for people on benefit. Aside from that, the loan amount that can be acquired with unsecured bad credit loans for people on benefit is lesser.
With Unsecured Loans...
Unsecured Loans can be the most excellent borrowing option in a variety of situation. Many kinds of personal loans are unsecured which means that they do not have collateral backing them. However, it is based on the signature of the borrower which formalized everything and guarantees to repay it. With that, the application and related paperwork is straightforward and the loan process is quick in approval. When you get it from a bank, the rule regarding larger amounts would put interest rates to be considerably lower than those of the credit cards.
Loan Amounts...
The loan amount that can be provided on these loans has ranges. The amount would matter on various factors such as value of collateral, repayment capacity of the borrower and others. You can decide for flexible repayment duration with bad credit loans for people on benefit that ranges from 1 - 25 years.
You must schedule your repayment of loan installment to keep away from any future harassment. With bad credit loans for people on benefit you can effortlessly obtain excellent amount of money for any and every needs you have to settle.
See Also
Bad Credit Loan: Majority Resort to It
Bad Credit Loan Scams Beware
Bad Credit Loan for Unemployed
External Links
Badcreditoffers.com
Bad-credit-loan-in-canada.com
Whichwaytopay.ca
More From Canadian-Money-Advisor.ca Discuss Trust and Loans Other posts about Canadian PayDay Loans More articles from December, 2010 More articles from 2010
100 podcast interview partners wanted personal finance
- Posted December 29, 2009 by Monty Loree100 Podcast Interview Partners Wanted - Personal Finance
So many times we visit and read blogs about personal finance.. We visit sites which promote products and services that help us either make more money, or save money. I thought it would be a great idea to interview 100 people involved in personal finance to get the low down on the industry.
After writing hundreds of articles , and thousands of discussion posts, I thought it would be nice to interview others in the industry and get their fresh perspective on things.
If you're one of these people, I would like to interview you!!
I am looking for 100 podcast partners to interview in 2010 as follows:
~ Personal Finance Blogs
~ Owners/Managers of companies who service the personal finance industry:
~ Mortgage Brokers,
~ Investment Counsellors,
~ Life Insurance Agents,
~ Creditors,
~ Collection Agencies,
~ Credit Bureaus
~ Motivation and Education Consultants who help their clients make more money
Sharing ideas and concepts for our personal finance visitors.
The objective for our interviews is to give our visitors news about the industry, some new insights and tips from experts who are involved everyday!
Suggested Topics:
For Bloggers
~ What got you interested in Personal Finance Blogging?
~ How long have you been blogging?
~ What is the subject you like to blog about most?
~ What are 3 of your favorite personal finance blogs?
~ What are 3 of your favorite personal finance websites/products/services?
For Industry Service Providers
~ What service do you provide?
~ What are Products/services you offer that can help our visitors save/make money?
~ What are the Benefits of your product/service?
For Motivation & Education Consultants
~ How does your service relate to the personal finance industry?
~ How does your service help our visitors make/save money?
~ Can you give one or two case studie examples from your own experience, where your service helped an individual make/save money?
Guidelines:
~ The premise of the show is to help our visitors learn more about existing resources and services.
~ You must have a few years experience in the personal finance industry if you're a service provider.
~ This is not an advertisement for your product or service
~ You need to indicate when you're available to be interviewed. (I prefer to do my interviews in the morning)
~ I will be doing these 100 interview throughout 2010.. Booking early is important.
~ It would be beneficial, however, not imperative if you could write a little promotional piece and put it on your blog/site to tell your readers about our interview. This way, your visitors would get the full benefit of our interview as well.
~ There is no cost to you for this interview.
~ I will need to see your topic ideas a few days before we do the actual interview
If you're interested please email me at:
Or leave a comment below..
Thanks.. I'm looking forward to a great year doing 100 interviews!
More From Canadian-Money-Advisor.ca Discuss General Discussion Other posts about Canadian Monty's Thoughts More articles from December, 2009 More articles from 2009
what are life insurance rates
- Posted December 28, 2009 by Monty LoreeWhat are Life Insurance Rates?
Importance of life coverage
Insurance is a protection that you take against uncertainties and complications in the future. There are various types of insurance but the most important is life insurance. This provides solace to the insurer that his loved ones will get financial assistance after his demise. The insurer however has to pay regular payments to the insurance company for a period of time or until his death. The insurer also has to specify a nominee or any number of nominees who will get the financial assistance. The nominees have to claim the insurance after the demise by providing proper credentials. It is a good and recommended practice to inform the nominee about it. There have been several insurance policies that lie unclaimed with insurance companies. Life insurance policies are of different types and the insurer can choose anyone based on his requirement and suitability. The life insurance rates change based on the type of insurance policy taken.
Insurance quotes for Canadians
The insurance providers in Canada offer two types of life insurance mainly. The types are Term insurance and Full life insurance. The former is for a period of time only. At the expiry of the contract, the insurance cover ceases. This might be used in specific cases only. Full life insurance is for the whole life. The premiums should be continued to be paid by the insurer. The money however serves two purposes. A part of the premium goes towards life insurance and the rest will go towards investment. The investment could be either in deposit account with a bank or in a unit linked plan for investing in shares and stock market. The life insurance rates of term insurance are comparatively lesser than full life cover. The purpose of term insurance is solely for providing cover against life. Full life insurance however deals with both cover and investment. There are lots of sites which provide quotes for insurance policies for Canadian people. They get schemes and details from almost all insurance providers in Canada. The quotes will be displayed based on the information provided by the users. The expectations of the insurer from the policy are collected. Some medical information is also collected. These quotes will tell you which policy to take and the amount of insurance cover that might be taken. This amount should be based on the dependants of the insurer and their income.
Which type of insurance to take?
The different types of insurance have their own purposes. Term insurance can be used by small families whose main aim is for protection in case of death. The life insurance rates are also lower. The insurers however do not enjoy many benefits other than cover. Full life insurance can be useful for tax planning purposes and as a long term investment plan. Some people go in for this full life to get both cover and get returns on them. The decision to go for the insurance policy should be made after consultations with the financial advisor or manager. There are different types of policies for different people.
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2009 More articles from 2009
what is penny stock advice
- Posted December 28, 2009 by Monty LoreeWhat is Penny Stock Advice?
Penny stocks and investment
Stock markets are one of the areas where you can put money into it and watch it grow. This has attracted people so much that share markets were established to enable them trade the shares and the stocks. The people trading in stock markets are so much that a large company has market capitalization running hundreds of millions of dollars. The share prices of such shares are also in terms of tens of dollars to even touching hundreds for some. Such shares are out of reach of people for those who have a small budget. These people however can invest in Penny stocks. These stocks are of small companies that are not popular and profit making to be traded on the main share markets. They have a share price of lesser than $1 to even $5. The market capitalization of these stocks is also very less. These stocks can be considered second rung stocks that mainstream brokers stay away from. A fresher before investing in penny stock should take penny stock advice before investing.
Steps to do before investing
Investing in penny stocks needs more research and homework to be done before investing when compared to mainstream shares. The details about penny stocks are tough to get since they are small companies and will be hard to get information. There are listings of penny stocks that are doing well or which are promising as a prospect to invest. The investor can collect the companies that he might look at from them. There are also penny stock leads which could be utilized to get information. The investor must then narrow his choices to two companies. The investor should look at the company�s financial status, profitability, management and recent progress when deciding the company. The investor can also get advice from any eminent expert in the field. They would be able to give any inside information about the company. The sector where the company operates should also be researched to know its prospects. The recent news about the company if any can be got from financial articles and on the internet. The best penny stock advice is to do a lot of research before investing.
Precautions and care to be taken
Penny stocks are highly speculative as an investment. The investor could either get manifold on his investment or end up losing all his money. There are also lots of irregularities and scandals revolving around penny stocks. Penny stocks are sued by companies to make profit illegally. They will increase the share price by false propaganda and sell a lot of shares when it increases. The investor should not fall into such traps. The investor should get a good broker to manage the transactions. Most brokers prefer not to involve in these stocks. There are some online websites that help the investors to trade penny stocks in Canada. Since the number of shares is less for penny stocks, it may be difficult to buy or sell these stocks. The best penny stock advice is to tread with caution and care when dealing with these stocks.
More From Canadian-Money-Advisor.ca Discuss Investing Other posts about Canadian Investing More articles from December, 2009 More articles from 2009
i saved 89 on annual fee mbna
- Posted December 15, 2009 by Monty LoreeI saved $89 on Annual Fee - MBNA
I called MBNA today to switch my card over to a No Annual Fee card..
The customer service mentioned that I have an incredibly low interest rate on this card... MBNA Travel Rewards Platinum.. the rate is 7.99% which is pretty sweet.. I also have 1.99% interest on balance transfers until October 2010.!! That's pretty sweet as well.
I'm not crazy about the $89 annual interest rate. I told the CSR that I want to switch over to another credit card that doesn't charge the annual fee.. He indicated that I probably wouldn't get the same low interest rate if I changed to another card.
The CSR asked to be excused for a moment while he checked my options... when he returned on the line, he quickly indicated that he would remove the $89 annual fee, for this year, if I stayed with this card.
While I'll have to call back again next year... I saved $89 with a 6 minute phone call! This goes to show that MBNA is ready to give you a break, if you've got good credit. The other main point here is this: You may be able to save on interest rates and annual rates if you call your creditors.
The Keys To My Success in this regards:
If you're wondering why I get such good rates, and good privileges, I've done the following:
• Had the card since 2000
• Paid it up as agreed since then.
• My credit score is around 805
• I don't carry a balance.
These all make me able to negotiate favorable rates with MBNA.
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2009 More articles from 2009
some downsides of being frugal
- Posted December 11, 2009 by Monty LoreeSome Downsides of Being Frugal
On the overall, my family is pretty frugal... We are by nature , which makes it easier to live the lifestyle...
I've taken up watching DIY Network and it's shows. I like the concept of saving money by do it yourself home repairs. I'll be honest, many of the repairs they show are really expensive. Kitchen renovations for $20,000, bathroom renovations for $15,000, bedroom renovations for $10,000 etc..
Many of these expensive renovations have some of the latest and fancy gadgets. They're much more than adding insulation and new drywall.
In our situation, I am not a handyman, and I don't want to take on credit for home renovations.
Downside #1 of Being Frugal: Home Renovations
One of the first downsides of being frugal is that I'm not really the handyman type, and it costs money to bring in a contractor to do home renovations.. I refuse to take on debt to fix up the house.. Our house is paid off, and I'm not interested to get mortgaged up again.
• Quite frankly, we need a new floor in the kitchen.
• Our house has had problems with black mold, and drywall needs to be replaced.
• Our basement foundations are cracked and in some places the concrete is pretty much like sand. It needs to be replaced.
• We can't do alot of other major renovations because of the basement's problems.
Our financial policy is cash only.. So.. realistically the basement and other renovations are going to take years to save up for.
Downside #2 of Being Frugal: Yard Renovations
Our yard is kind of basic. Nothing really exciting. The grass is old and outdated, there are no fancy features and our garden needs alot of work.
Again this is not something I envision myself doing. I would rather hire a contractor in some cases than do yard work. (I'm glad the yard is covered in snow right now... at least my conscience gets a break in this regard for six months! ) It's important to note that I am learning about home renovations, but after not doing them ever, it's going to be a long learning curve...
I'm curious to know anybody's recommendations for getting home & yard renovations done, but using cash only. If you've got ideas, I'm really excited to hear about them.
Frugal Home Maintenance & Frugal Yard maintenance.
More From Canadian-Money-Advisor.ca Discuss General Discussion Other posts about Canadian Monty's Thoughts More articles from December, 2009 More articles from 2009
balsam hill canada christmas trees
- Posted December 11, 2009 by Monty Loree
Balsam Hill Canada Christmas Trees
I was asked to write a review about the Balsam Hill Christmas Tree site.
As it's getting close to Christmas, they're excited to show people their lovely select of trees, wreaths & garlands, ornaments and skirts and more.
Saving Money on Christmas Costs
As we're always concerned about saving money on things, the Artificial Christmas Trees is one way to save money over the long term. Artificial Christmas Trees can save money if you use them over a 10-20 year period. And.. they save the environment by not killing live trees for the three usage. If every Canadian family who celebrated christmas used artificial trees, we would save millions of trees.
If you like nice things for your family christmas celebration then check out Balsam Hill's wreaths & garlands collection. They got sizes from 24" to 60" wreaths. These would go nicely on all Christmas Trees. They've got styles from Aspen Christmas, Vermont Signature, Napa Christmas, and the Classics Collection. They have pictures on their site which will help you pick your favorite one.
This site is nicely laid out and simple to follow. If you're in the market for that special christmas treat or even an Artificial Christmas Tree , you should check out this site... They really do have nice stuff.
As I usually do with these types of reviews... I always caution people to spend money that they have saved up. I do not recommend that people spend money that they can't afford, or put the purchase on a credit card that they don't have cash reserves to pay back right away. Christmas purchases should be fun, and as such you shouldn't be paying for them with interest over the long haul... Bottom line, if you don't have the cash, please don't make the purchase. Please Purchase responsibly.
Sponsored Review
More From Canadian-Money-Advisor.ca Discuss Collection Agencies Other posts about Canadian Site Review More articles from December, 2009 More articles from 2009
what is accident cover insurance
- Posted December 07, 2009 by Monty LoreeWhat is Accident Cover Insurance?
Human life can best be characterised by various elements of uncertainty. Insecurity means that accidents may happen at any time, and with anyone. The bad thing is that serious accidents have a very negative impact not only on the person who suffered it, but also on his/her family. In order to prevent at least the financial concerns in such circumstances, insurance companies designed a special product called Accident Plans to provide some kind of financial security for those who suffered an accident as well as for their families. These policies ensure that if an accident takes place, a benefit is given to those insured individuals who are seriously injured or if they die, such benefit is given to their families.
What kinds of injuries are covered by this policy? Benefits are paid in the event of the insured’s accidental death, but also if the person suffers the following injuries due to an accident:
- Quadri-, para- or hemiplegia
- Total/ permanent loss of use of one’s limbs
- Deafness
- Blindness
So in one word, Accident cover is used to protect the insured and his/her family from the negative financial consequences of the insured person’s injuries resulting from a serious accident. It gives the financially reassuring feeling that in case an accident happens, and the person becomes permanently disabled to work, the insurance company will provide a lump sum as insurance benefit. This means people get financial help when they need it most. Moreover, insured individuals also get a certain amount of money for each day of hospitalisation. Also an immediate lump sum is given in case of disability, the amount being based on the nature and seriousness of the injury.
An important advantage of accident insurance policies is that they address the majority of the key life -stages, from the young through new parents until the older generation. Moreover, Accident Cover gives applicants differentiation by providing them with many flexibility features in order to meet each applicant’s unique needs. The policy thus can be personalised, so one may get a specific coverage against professional hazards for instance. In addition to this, people may add the Children's Insurance option to their accident plans. This will provide an additional benefit to pay medical bills, tuition fees or similar expenses in case one’s child contracts a serious illness.
Is there anything important to know about eligibility? In order to be eligible, people must be at least 18 and under 70, and they should be permanent residents of England, Scotland, Wales, or Northern Ireland. Applicants must be able to demonstrate they have at least 40 weeks residency in any year in the previously enumerated places. When insured people reach 65, their cover ceases to provide protection against permanent total disability and coverage ceases entirely at age 75.
What is the application procedure? The easiest way to apply is either online or over the phone. The whole application procedure will take only a few minutes: people have to answer a few questions, and there are neither blood tests, nor any medical tests. Cover may start as soon as the next working day after the application. Generally people are given a period of 30 days to review their policies and decide whether it is right for them. If they change their minds during this trial-period, people may cancel their plans for free.
One of the main benefits this kind of policy offers is the global coverage. Insured individuals are covered anywhere in the world for the majority of the possible accidents. Nevertheless, it is of primary importance for people to get the necessary information regarding what exactly is covered and what is not. So people are advised to read out the terms and conditions of the policy and ask the company about those elements or features that are not clear.
It is unfortunately true that we cannot prevent accidents, but at least we can protect ourselves and our loved ones from the negative financial consequences of such accidents. A protective insurance we may conclude typically provide:
- an extensive accident cover from as low an amount as £4-5 a month
- easy and permissive eligibility criteria (almost anybody is eligible)
- a possibility to increase the coverage-level up to £150,000
policy guaranteed without medical examinations
- Tax-free cash payments
- the security of fixed insurance premiums that do not change as the insured gets older
- options to get additional protection for the insured’s entire family (for instance, people may cover their partners as well)
- worldwide, 24/7 insurance-protection
- benefits in addition to other policies the insured has
- coverage until the insured becomes 75
- 30 day period of money-back guarantee
Talking about the cover in details, people should know that the following are involved: permanent total disability (a coverage of £100,000), loss of sight either in one eye (£50,000), or in both eyes, loss of use of either a limb (£50,000), or of two limbs, loss of hearing (£20,000 - £100,000), loss of use of a hip, knee, ankle, or wrist (£10,000 for each), shoulder (£12,500), thumb (£7,500), any finger or toe (£5,000), hospitalisation up to a maximum of 180 days (£50 per day), and accidental death (£10,000). The amounts given in brackets are approximate sums of money given if the insured suffers the injuries in question. In order to know the exact amounts provided people should get up-to-date information from their insurance providers.
As with any insurance policy, people should keep in mind that there are some excluding factors or limitations. With an Accident Cover there are no benefits for accidents that are direct or indirect consequences of the insured person’s suicide or attempted suicide. Similarly, alcohol or drug use is also an excluding factor. There is no benefit given if any of the previously mentioned injuries happen 12 or more months after the accident. Nevertheless, people who conclude this type of policy are recommended to read out the full details of exclusions that are valid for the policy.
A final advice for applicants is to review their needs and financial situation from time to time. Regularly made analyses should involve people’s coverage-level and premiums. Anybody may change his/her policy: it is possible to decrease the coverage-level, but also to increase it by attaching additional cover to it for extra costs. In order to make changes, people should consult with the insurance providing company. In any case it is of primary importance to understand what kind of coverage is offered and check whether it is right for one’s particular circumstances. Only this ensures that one purchases a suitable policy.
More From Canadian-Money-Advisor.ca Discuss Life Insurance Other posts about Canadian Term Life Insurance More articles from December, 2009 More articles from 2009
getting a mortgage after bankruptcy
- Posted December 07, 2009 by Monty LoreeGetting a Mortgage After Bankruptcy?
Getting a mortgage after bankruptcy in Canada has changed since dramatically since Oct 2008. Sub prime lenders no longer exist, and no longer offer the “day after discharge” options, nor are most of them even operating at all!
To understand how to gain a mortgage after bankruptcy in Canada today, you should follow a simple 5 step process which will properly walk you through the hoops you need to jump through in order to gain trustworthiness again. It is critically important that you follow each of these steps in the correct order. Doing the steps out of order normally will result in failure, or frustration.
Step 1 - Gain your Absolute Discharge & Pay Proposal in Full First.
Since you are not fully complete your bankruptcy until you are discharged, your first priority should be gaining your absolute discharge which would mean fulfilling your trustee’s directions as soon as you possibly can. With a Consumer Proposal, your goal is to pay off your proposal in full, which would equate into the same thing as gaining your Absolute Discharge if you had gone down the bankrupt option. Once you have been discharged for 2 years, or proposal paid for 2 years, you can qualify for a mortgage again with regular interest rates as if you had not gone bankrupt.
Step 2 - Clean Credit Score
By far the most important step I can assure you that 95% of the time is done incorrectly or has not been done at all. You need to review your credit score to ensure it is reporting accurately and the information from your PAID Proposal or your Absolute Discharge are reporting accurately. If your credit score is not reporting accurately, it is very common to see problems or issues with trying to gain credit since lenders are "confused" about your credit score. A clean score is the hardest part to gain in order to restart yourself back into the world of credit. It is 100% necessary that you re-establish your credit as there are limited exceptions with people who don't have credit after a bankruptcy. I have provided a easy process to fix your credit reports on your own with both Equifax and TransUnion. You can visit that information on my site here: Clean Up Your Credit After Bankruptcy
Step 3 - Gaining New Credit
It is important that you need to gain new credit from AFTER the date of your discharge or your paid proposal date. Holding credit though your proposal or bankruptcy will help your credit score number rise if you are using it responsibly, however, it will not count towards “ReEstablished Credit” which is vitally important. You will need anywhere from 1 year of ReEstablished Credit to 2 Years of ReEstablished Credit with a minimum of 2 trade lines reporting over $1,000 each. It is a good idea to gain stronger limits of $1,000 or more, $200 credit cards really don’t support strength in ReEstablishment. Car Loan, Credit Cards, and RRSP Loans are by far the more normal way's people have done this in the past.
Step 4 - Accumulating a Down Payment
Today it is possible to gain a mortgage with as little as 5% as a down payment after bankruptcy and Proposal. You would still be able to gain the same interest rate with 20% down as well, however, the more down payment you have the better the capacity it will show the lenders that you have, which will increase their trust level with you and their application. The down payment normally has to be accumulated from your own resources. The lenders want to know that you have a financial investment into the property and that you are not willing to walk away from the property.
Step 5 - Gaining A PreApproval
Once you have the first 4 steps out of your way, you want to gain a lenders affirmation that they are prepared to move forward with your application. Gaining a PreApproval will not guarantee your success to financing, however, it will give you affirmation that the lender is willing to proceed with you, as long as the insurer agrees with the risk assessment the lender just preformed on you. The property still would need to come into play, and that information is not available when you do a PreApproval.
For a full detailed summary of more information on each of these Steps, feel free to visit my website at:
Steps After Bankruptcy - ShopMyMortgage
Thanks
Matt Wieler, AMP
ShopMyMortgage
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2009 More articles from 2009
payday loans and cash advance
- Posted December 07, 2009 by Monty LoreePayday Loans and Cash Advance
It happens very often that we run out of money before we get our next pay checks, which could be very disappointing, especially if some urgent financial obligations apply. Or there may happen that we become sick and urgently need some expensive medicine, but we do not have enough money as the payday is far away. In these kinds of circumstances the so-called Payday Loans can be quite useful tools to help us get out of trouble.
But what exactly are payday loans? The term refers to a payday cash advance in the form of a small personal loan for the short term, which does not require any collateral from applicants. This unsecured loan is offered for special circumstances, such as urgent cash needs, or for those who need quick cash but due to poor credit rating cannot get other unsecured loans. So if one has no money, but has an unpaid bill which may have very negative consequences, it is better to take out a cash advance in the form of a short-term payday loan. This will save people from having financial difficulties until they receive their next pay checks. It is important to notice that most of the times payday loans tend to be cheaper than paying late payment charges because of being late with bill-payments.
Talking about the process of taking out this loan, one should notice the following. Because it is an unsecured loan, qualifying for it is not complicated. The important issue is that people should have a fixed income in order to be able to repay this loan. People may choose retail lending which means one gets the loan from a payday-lending store, but there is another choice, namely getting the loan online, from a payday loan site. No matter which way is chosen, the application procedure is quite a simple one. After filling in the payday loan application form, loan providers decide about the eligibility of the applicant, and send eligible candidates the needed cash.
It is always useful to shop around, and find the best payday loan offer, as some creditors may offer flexible payment schemes. The calculation of the maturity date also differs from institution to institution, and so do the interest rates. However, even those payday loans that have high interests tend to be more advantageous than accumulating late-payment charges.
The advantages of payday loans are clear by now, but let’s summarize them again! One of the main reasons for which payday loans are used is that they are less expensive than other personal loans that are open to the public. They are also more advantageous than paying late-payment fees which applies if one cannot meet his/her financial obligations such as paying bills and so on. It is obvious that for people who do not have but need money as fast as possible, but only for the short run, the most convenient solution is the payday loan. With this kind of cash advance no complex paperwork is involved, so generally speaking it is very easy to get them. Other loans, on the other hand, are more difficult to obtain, or at least it takes much more time to get the requested money.
After one has decided that a payday loan is the best choice for his/her particular situation, it is important to shop around and compare at least 3-4 companies who offer this kind of product. This comparison is very easy, especially if one makes use of the internet and the free online comparison tools that do the job instead of them. Because the loan-offers differ considerably, it is useful to be careful with the choice. The flexibility features should also be checked, namely the loan’s terms and conditions, and the repayment methods. Online calculators show objectively and clearly which company provides the best payday loan for one’s specific situation. One more thing that must be checked is whether the creditor is government-protected as this may constitute a guarantee that there are no additional or hidden charges, which might transform an advantageous loan into an expensive one.
Those who are not sure about what to do (to take out a payday loan or not) should talk to a loan specialist. It is useful to know that there are other options as well that are similar to cash advance loans such as the so-called “credit-union loans”, “credit payment schemes”, “pawnbrokers”, “cash advances from employers”, or advances obtained from “credit cards”. If one hesitates a lot, it is better to make a quick comparison, and after this it will be clear which choice is the best for the applicant’s individual situation. The internet is useful in this sense as well.
It is important to know that there is an option of taking out an online payday loan. Applying through the internet is easier, and applicants get the cash advance in the quickest possible time. No additional document is required apart from some basic data such as name, loan-type and amount, as well as the repayment period. After a quick check, lenders deposit the requested cash advance electronically. This way online payday loans can provide cash advance in a few days, but it may happen that a single day is enough for the requested amount to arrive into the applicant’s checking account.
All in all, after a quick but careful consideration, people can decide whether a payday loan is the appropriate choice for their specific situation. It is always useful to know about the various existing loan possibilities, which may help in solving urgent financial problems. So those who need cash advance for the short term to cover urgent financial needs may take out a payday loan until they receive their next pay checks. Otherwise some hefty late-payment charges may apply.
More From Canadian-Money-Advisor.ca Discuss The Banks Other posts about Canadian Creditors More articles from December, 2009 More articles from 2009
 Subscribe in a reader |
|
|||||||||||||||||||||
|
||||||||||||||||||||||
|
Secured MasterCard Apply Today! |
|
|||||||||||||||||||||
|
|
||||||||||||||||||||||
Canadian Debt Settlement Canadian Dollar Forex Monty Loree - EzineArticles Life Insurance Rates Life Insurance Blog Canadian Mortgage Trends Ellen Roseman Canadian Life Insurance CMA Faqs Master DoFollow Blog Directory Enjoy our "What Is This?" articles • Taxes • Credit • Debt • Bankruptcy • Credit Repair • Investing • Making Money • Saving Money • Retirement Planning |
|
|||||||||||||||||||||
|
|
||||||||||||||||||||||
| Site Menu | ||||||||||||||||||||||
| Canadian Credit Cards | ||||||||||||||||||||||
|
Best Canadian credit debt Financial Blog Canada, British Columbia (BC), Alberta (Alta), Saskatchewan (Sask), Manitoba (MB), Ontario (Ont), Quebec (Que), Newfoundland (Nfld), New Brunswick (NB), Nova Scotia (NS), Prince Edward Island (P.E.I.), credit canada, Canadian |
||||||||||||||||||||||