Backup Your Loan With Healt Insurance

Supplemental health insurance is a type of insurance policy designed to cover the gaps that your regular health insurance may have due to deductibles and co-payments. This policy picks up further expenses that your principal insurance doesn't provide for, such as lost earnings and everyday living expenditures.

Those on Medicare, the self employed, those financially unprepared to handle large medical bills or time off from work due to illness or injury, and families with children should reflect on this coverage type.

Its various benefits consist of money benefits, lesser fees because of lower benefit amounts, the capability to counterbalance lost wages not like a conventional health insurance policy, and frequently payment for pre-existing conditions............Read More

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Selecting Loan

Loans are becoming increasingly popular in today's world, and even more so online, where loan applications have rocketed through the roof in the last couple of years as they are more practical, easier to use and are all-round a lot less hassle than having tons of paperwork to deal with, not to mention time.

So if you are in need of a new car, a motorbike, some household repairs or upgrades then taking out a loan can be a perfect way of getting what you need. However it is important not to get carried away and borrow more than you need, a lot of people tend to aim higher than their budget and this can often lead to problems repaying the loan and this then results in harsh penalties and even legal action. The best way to go about it, is to total up exactly what kind of money you need to loan with a small margin extra just in case.

Also be sure that the loan company you are borrowing from is 100 legitimate, someone you have heard of before or someone you know, maybe from a friend or relative that have used them in the past. This way you won't run into any issues or problems and the more popular ones are popular for a reason, whether it's an excellent interest rate, good customer service or a well organised repayment system.

Applying for a loan isn't a bad thing, and many people will tell you to steer clear and put you off them because of getting into debt. However the truth is, as long as your sensible, well organised with your finances and keep up the regular monthly payments then there is nothing to worry about at all.

Declaration Bankruptcy Option

Christmas is traditionally a season of merriment and relaxation where we normally get to let go of our concerns and just enjoy ourselves. However, this year many people are so focused on their financial challenges that they are finding it difficult to have fun. Some are extremely anxious about expanding debt positions and impending job losses, and wonder how they are going to turn around their finances. In the United States, it is fairly common for people who have been overwhelmed by debt to file for bankruptcy. According to Businessdictionary.com, bankruptcy is the legal procedure for liquidating a company, or property owned by an individual, which cannot pay its debts out of current assets. In Jamaica, only individuals file for bankruptcy as companies are placed in liquidation or receivership.

Is declaring bankruptcy an option for average Jamaicans who are mired in debt, and have no means to pay it back? I asked the Office of the Trustee in Bankruptcy to enlighten us about the process.

YM: What is the role of the Office of the Trustee in Bankruptcy (OTB)?

OTB: The OTB is a department under the Ministry of Justice and operates under the provisions of the Bankruptcy Act as well as the Companies Act. The OTB exists primarily to liquidate assets of bankrupts and companies in liquidation, and to as far as possible, make good on debts owed to their creditors. This is done by:

1. Assessing whether the individuals and companies are financially viable; 
   
2. Assisting in the restoration of their financial viability where possible; 
   
3. Providing them with a legal shelter, where necessary, and protecting creditors from unscrupulous debtors.
   

YM: Who can apply to the OTB for financial assistance?

OTB: Any individual who is unable to pay his debts may make an application to the Trustee. The Trustee then presents a petition to the court on his behalf for an Absolute Order in Bankruptcy to be made against him. Once the order is made then the Trustee in Bankruptcy becomes responsible for administering the affairs of this individual, and assisting him to discharge his debts.

YM: Can a creditor force a debtor into bankruptcy?

OTB: A creditor to whom a debt is owed may also present a Bankruptcy Petition against a debtor to the court, stating the grounds on which the petition is made. The creditor should have obtained final judgment from the court in respect of this debt. Once the grounds are satisfied then a provisional order is made against the debtor and the debtor is given an opportunity to come to court to show cause as to why the order should be revoked.

If the debtor is unable to show cause then an absolute order is made against him and the Trustee in Bankruptcy becomes responsible for administering his affairs until his debts are fully satisfied and he is discharged from bankruptcy.

YM: What are the implications for bankrupt individuals and companies in liquidation?

OTB: The law places restrictions on legal proceedings against a debtor or company in liquidation after an order has been made against them. Such action requires the leave of the court. The law also limits the circumstances in which interest on debts owed by a bankrupt or company in liquidation may be claimed by their creditors.

Once a bankruptcy order is made, all the individual's assets are now vested in the Trustee in Bankruptcy. If an individual who is still an undischarged bankrupt cannot be a director in a company, and should not access any credit from an institution without the Trustee's permission.

YM: What recourse do creditors have if an individual or company that owes them is declared bankrupt?

OTB: Once a bankruptcy order is made against an individual, or a company is placed in liquidation, the Trustee in Bankruptcy then advertises for creditors to file and prove their claims with him. Unless the creditor is a secured creditor, then all creditors rank equally in proportion to their debts, and in these circumstances no individual creditor can be paid in priority to any other creditor. Once claims are received and proved, the Trustee in Bankruptcy will satisfy the claims.

Deutsche Appoints New Loan

16 May - Deutsche Bank has appointed Stuart Lewis as global head of the bank's loan exposure management group (LEMG) as of July 1, 2005. He will succeed Betsy Gile, the group's current head, who has announced her retirement. Lewis, currently head of LEMG in Europe, joined Deutsche Bank in 1996. Prior to joining LEMG in July 2003, he was deputy chief credit officer of the corporate and investment bank and spent seven years in various roles within credit risk management. Lewis, who will be based in London, will report to Hugo Banziger, group chief credit officer.

Gile joined Deutsche Bank in March 2003 and spearheaded the roll-out of capital markets-based pricing for all new corporate loans and the implementation of active portfolio management. Sean Kavanagh will assume the position of deputy global head of LEMG based in New York. Kavanagh will be responsible for international securitisation and risk management within LEMG, in addition to his role as head of LEMG Americas. Kavanagh joined Deutsche Bank in July 2001 to run the credit derivatives hedging practice of the international investment-grade lending business. He will report to Lewis.

BACKUP YOUR LOAN WITH ONLINE MONEY

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Go ahead the Indonesia...............

Cash advance for Urgent Requirement

The credit crunch has made life financially difficult for countless people. A few money savings tips can make a real difference in terms of paying priority and even non-priority debts each month. It is essential that household bills are reduced in order to free up money to clear debts and pay bills punctually.

Establishing a comprehensive means of money management can help identify areas where money savings can be identified. Minimising social outgoings and household bills can reduce payments to companies and clear debts a lot faster than would otherwise be the case.

Urgent need of cash? To delete all bills and expenses? So, cash advance loan is an instant solution that will help solve all their problems quickly. Cash advance loans with funds that offer easy and flexible terms.
Cash advance loans can be advanced to meet all its needs

• Payment of outstanding debt
• Payment of utility bills or electricity
• Medical expenses
• Family emergency
• the cost of repairing cars
• Maintenance costs
• College or fees

A small amount ranging from £ 100 - £ 1500 can be taken as cash advance loan. Cash advance loans are short-term loans. These are made available to a borrower up to 2 weeks or 15 days. The maturity date of the cash advance loan is your next payday. The repayment period can be extended if the borrower can not pay on time, but an extra charge out of it.
Being a short-term loan, cash advance loans carry comparatively higher interest rates. The stiff competition between lenders can help you get lower rates and affordable treat. To get a good deal all you have to do is look online for a lender that offers credibility best prices. The average online helps you to easily reach in the form of a loan without any problems.

Cash advance loans require no credit check. Even if bad credit, which is likely to favor cash advances to get approved for loans. Those with arrears, defaults, late payments, CCJs, IVA etc can cause this type of loans.
Get cash advance loans approved quickly and require no documentation. The borrower only need proof of income and employment data. Also, the borrower must be 18 years or more regular employees with a monthly income of £ 1500 and is valid bank account to qualify for loans.

Cash advance loans are short term and the quick fix solution to their small financial problems.
Abstract

Cash advance loans provide immediate access to funds to meet their daily expenses and other timely.

MAKE YOUR CREDIT REPPORT FINAL

How Identity Thieves Use Your Information

Once identity thieves have your personal information, they may:

• go on spending sprees using your credit and debit card account numbers to buy "big-ticket" items like computers that they can easily sell
• open a new credit card account, using your name, date of birth, and Social Security number. When they don't pay the bills, the delinquent account is reported on your credit report.
• change the mailing address on your credit card account. The imposter then runs up charges on the account. Because the bills are being sent to the new address, it may take some time before you realize there's a problem.
• take out auto loans in your name
• establish phone or wireless service in your name
• counterfeit checks or debit cards, and drain your bank account
• open a bank account in your name and write bad checks on that account
• file for bankruptcy under your name to avoid paying debts they've incurred, or to avoid eviction
• give your name to the police during an arrest. If they are released and don't show up for their court date, an arrest warrant could be issued in your name.

Protecting Yourself

Managing your personal information is key to minimizing your risk of becoming a victim of identity theft.

• Keep an eye on your purse or wallet, and keep them in a safe place at all times.
• Don't carry your Social Security card.
• Don't share your personal information with random people you don't know. Identity thieves are really good liars, and could pretend to be from banks, Internet service providers, or even government agencies to get you to reveal identifying information.
• Read the statements from your bank and credit accounts and look for unusual charges or suspicious activity. Report any problems to your bank and creditors right away.
• Tear up or shred your charge receipts, checks and bank statements, expired charge cards, and any other documents with personal information before you put them in the trash.

How To Tell If You're a Victim of Identity Theft

Monitor the balances of your financial accounts. Look for unexplained charges or withdrawals. Other indications of identity theft can be:

• failing to receive bills or other mail signaling an address change by the identity thief
• receiving credit cards for which you did not apply
• denial of credit for no apparent reason
• receiving calls from debt collectors or companies about merchandise or services you didn't buy.

What To Do If Your Identity's Been Stolen
If you suspect that your personal information has been used to commit fraud or theft, take the following four steps right away. Follow up all calls in writing; send your letter by certified mail, and request a return receipt, so you can document what the company received and when; and keep copies for your files.

PR: wait... I: wait... L: wait... LD: wait... I: wait... wait... C: wait... SD: wait...

MAKE YOUR CREDIT REPPORT PART-7

Advance-Fee Loan Scams

These scams often target consumers with bad credit problems or those with no credit. In exchange for an up-front fee, these companies "guarantee" that applicants will get the credit they want — usually a credit card or a personal loan.
The up-front fee may be as high as several hundred dollars. Resist the temptation to follow up on advance-fee loan guarantees. They may be illegal. Many legitimate creditors offer extensions of credit, such as credit cards, loans, and mortgages through telemarketing, and require an application fee or appraisal fee in advance. But legitimate creditors never guarantee in advance that you'll get the loan. Under the federal Telemarketing Sales Rule, a seller or telemarketer who guarantees or represents a high likelihood of your getting a loan or some other extension of credit may not ask for or receive payment until you've received the loan.

Recognizing an Advance-Fee Loan Scam

Ads for advance-fee loans often appear in the classified ad section of local and national newspapers and magazines. They also may appear in mailings, radio spots, and on local cable stations. Often, these ads feature "900" numbers, which result in charges on your phone bill. In addition, these companies often use delivery systems other than the U.S. Postal Service, such as overnight or courier services, to avoid detection and prosecution by postal authorities.
It's not hard to confuse a legitimate credit offer with an advance-fee loan scam. An offer for credit from a bank, savings and loan, or mortgage broker generally requires your verbal or written acceptance of the loan or credit offer. The offer usually is subject to a check of your credit report after you apply to make sure you meet their credit standards. Usually, you are not required to pay a fee to get the credit.
Hang up on anyone who calls you on the phone and says they can guarantee you will get a loan if you pay in advance. It's against the law.

Protecting Yourself

Here are some tips to keep in mind before you respond to ads that promise easy credit, regardless of your credit history:
• Most legitimate lenders will not "guarantee" that you will get a loan or a credit card before you apply, especially if you have bad credit or a bankruptcy.
• It is an accepted and common practice for reputable lenders to require payment for a credit report or appraisal. You also may have to pay a processing or application fee.
• Never give your credit card account number, bank account information, or Social Security number out over the telephone unless you are familiar with the company and know why the information is necessary.

Credit Repair Scams

You see the ads in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:
"Credit problems? No problem!"
"We can erase your bad credit-100% guaranteed."
"Create a new credit identity — legally."
"We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!"
Do yourself a favor and save some money, too. Don't believe these statements. They're just not true. Only time, a conscientious effort, and a plan for repaying your debt will improve your credit report.

The Warning Signs

If you should decide to respond to an offer to repair your credit, think twice. Don't do business with any company that:
• wants you to pay for credit repair services before any services are provided
• does not tell you your legal rights and what you can do yourself — for free
• recommends that you not contact a consumer reporting company directly
• suggests that you try to invent a "new" credit report by applying for an Employer Identification Number to use instead of your Social Security number
• advises you to dispute all information in your credit report or take any action that seems illegal, such as creating a new credit identity. If you follow illegal advice and commit fraud, you may be subject to prosecution.
You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information. It's a federal crime to make false statements on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses.
The Credit Repair Organizations Act
By law, credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before signing the contract. The law contains specific consumer protections. For example, a credit repair company cannot:
• make false claims about their services
• charge you until they have completed the promised services
• perform any services until they have your signature on a written contract and have completed a three-day waiting period. During this time, you can cancel the contract without paying any fees.
Your contract must specify:
• the total cost of the services
• a detailed description of the services to be performed
• how long it will take to achieve the results
• any "guarantees" they offer
• the company's name and business address

Where to Complain

If you've had a problem with any of the scams described here, contact your local consumer protection agency, state Attorney General (AG), or Better Business Bureau. Many AGs have toll-free consumer hotlines. Check with your local directory assistance.
Identity Theft
An identity thief is someone who obtains some piece of your sensitive information, like your Social Security number, date of birth, address, and phone number, and uses it without your knowledge to commit fraud or theft.
How Identity Thieves Get Your Information
Skilled identity thieves use a variety of methods to gain access to your personal information. For example, they may:

• Get information from businesses or other institutions by:

• o stealing records or information while they're on the job
• o bribing an employee who has access to these records
• o hacking these records
• o conning information out of employees

• Rummage through your trash, the trash of businesses, or public trash dumps in a practice known as "dumpster diving"
• Get your credit reports by abusing their employers' authorized access to them, or by posing as a landlord, employer, or someone else who may have a legal right to access your report

• Steal your credit or debit card numbers by capturing the information in a data storage device in a practice known as "skimming." They may swipe your card for an actual purchase, or attach the device to an ATM machine where you may enter or swipe your card.
• Steal wallets and purses containing identification and credit and bank cards
• Steal mail, including bank and credit card statements, new checks, or tax information
• Somplete a "change of address form" to divert your mail to another location
• Steal personal information from your home
• Scam information from you by posing as a legitimate business person or government official

MAKE YOUR CREDIT REPPORT PART-6

Debt Consolidation

You may be able to lower your cost of credit by consolidating your debt through a second mortgage or a home equity line of credit. Remember that these loans require you to put up your home as collateral. If you can't make the payments — or if your payments are late — you could lose your home.
What's more, the costs of consolidation loans can add up. In addition to interest on the loans, you may have to pay "points," with one point equal to one percent of the amount you borrow. Still, these loans may provide certain tax advantages that are not available with other kinds of credit.

Bankruptcy

Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job. Still, it is a legal procedure that offers a fresh start for people who can't satisfy their debts. People who follow the bankruptcy rules receive a discharge — a court order that says they don't have to repay certain debts.
The consequences of bankruptcy are significant and require careful consideration. Other factors to think about: Effective October 2005, Congress made sweeping changes to the bankruptcy laws. The net effect of these changes is to give consumers more incentive to seek bankruptcy relief under Chapter 13 rather than Chapter 7. Chapter 13 allows you, if you have a steady income, to keep property, such as a mortgaged house or car, that you might otherwise lose. In Chapter 13, the court approves a repayment plan that allows you to use your future income to pay off your debts during a three-to-five-year period, rather than surrender any property. After you have made all the payments under the plan, you receive a discharge of your debts.
Chapter 7, known as straight bankruptcy, involves the sale of all assets that are not exempt. Exempt property may include cars, work-related tools, and basic household furnishings. Some of your property may be sold by a court-appointed official — a trustee — or turned over to your creditors. The new bankruptcy laws have changed the time period during which you can receive a discharge through Chapter 7. You now must wait eight years after receiving a discharge in Chapter 7 before you can file again under that chapter. The Chapter 13 waiting period is much shorter and can be as little as two years between filings.
Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments, utility shut-offs, and debt collection activities. Both also provide exemptions that allow you to keep certain assets, although exemption amounts vary by state. Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or security lien on it.
Another major change to the bankruptcy laws involves certain hurdles that you must clear before even filing for bankruptcy, no matter what the chapter. You must get credit counseling from a government-approved organization within six months before you file for any bankruptcy relief. You can find a state-by-state list of government-approved organizations at usdoj.gov/ust. That is the website of the U.S. Trustee Program, the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. Also, before you file a Chapter 7 bankruptcy case, you must satisfy a “means test.” This test requires you to confirm that your income does not exceed a certain amount. The amount varies by state and is publicized by the U.S. Trustee Program at usdoj.gov/ust.
For more information, see Before You File for Personal Bankruptcy: Information About Credit Counseling and Debtor Education, Knee Deep in Debt, and Fiscal Fitness: Choosing a Credit Counselor at ftc.gov/credit.

Avoiding Scams

Turning to a business that offers help in solving debt problems may seem like a reasonable solution when your bills become unmanageable. Be cautious. Before you do business with any company, check it out with your local consumer protection agency or the Better Business Bureau in the company's location.
Ads Promising Debt Relief May Really Be Offering Bankruptcy
Whether your debt dilemma is the result of an illness, unemployment, or overspending, it can seem overwhelming. In your effort to get solvent, be on the alert for advertisements that offer seemingly quick fixes. And read between the lines when faced with ads in newspapers, magazines, or even telephone directories that say:

"Consolidate your bills into one monthly
payment without borrowing"
"STOP credit harassment, foreclosures,
repossessions, tax levies, and garnishments"
"Keep Your Property"
"Wipe out your debts! Consolidate your bills! How?
By using the protection and assistance provided by federal law. For once, let the law work for you!"

While the ads pitch the promise of debt relief, they rarely say relief may be spelled b-a-n-k-r-u-p-t-c-y. And although bankruptcy is one option to deal with financial problems, it's generally considered the option of last resort. The reason: it has a long-term negative impact on your creditworthiness. A bankruptcy stays on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. What's more, it can cost you attorneys' fees.

MAKE YOUR CREDIT REPPORT PART-5

Self-Help

Developing a Budget

The first step toward taking control of your financial situation is to do a realistic assessment of how much money you take in and how much money you spend. Start by listing your income from all sources. Then, list your "fixed" expenses — those that are the same each month — like mortgage payments or rent, car payments, and insurance premiums. Next, list the expenses that vary — like entertainment, recreation, and clothing. Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritize the rest. The goal is to make sure you can make ends meet on the basics: housing, food, health care, insurance, and education.
Your public library and bookstores have information about budgeting and money management techniques. In addition, computer software programs can be useful tools for developing and maintaining a budget, balancing your checkbook, and creating plans to save money and pay down your debt.

Contacting Your Creditors

Contact your creditors immediately if you're having trouble making ends meet. Tell them why it's difficult for you, and try to work out a modified payment plan that reduces your payments to a more manageable level. Don't wait until your accounts have been turned over to a debt collector. At that point, your creditors have given up on you.

Dealing with Debt Collectors

The Fair Debt Collection Practices Act is the federal law that dictates how and when a debt collector may contact you. A debt collector may not call you before 8 a.m., after 9 p.m., or while you're at work if the collector knows that your employer doesn't approve of the calls. Collectors may not harass you, lie, or use unfair practices when they try to collect a debt. And they must honor a written request from you to stop further contact.

Credit Counseling

If you're not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can't keep track of mounting bills, consider contacting a credit counseling organization. Many credit counseling organizations are nonprofit and work with you to solve your financial problems. But be aware that just because an organization says it's "nonprofit," there's no guarantee that its services are free, affordable, or even legitimate. In fact, some credit counseling organizations charge high fees, which may be hidden, or pressure consumers to make large "voluntary" contributions that can cause more debt.
Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.
Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops. Their counselors are certified and trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss your entire financial situation with you, and help you develop a personalized plan to solve your money problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

Auto and Home Loans

Your debts can be secured or unsecured. Secured debts usually are tied to an asset, like your car for a car loan, or your house for a mortgage. If you stop making payments, lenders can repossess your car or foreclose on your house. Unsecured debts are not tied to any asset, and include most credit card debt, bills for medical care, signature loans, and debts for other types of services.
Most automobile financing agreements allow a creditor to repossess your car any time you're in default. No notice is required. If your car is repossessed, you may have to pay the balance due on the loan, as well as towing and storage costs, to get it back. If you can't do this, the creditor may sell the car. If you see default approaching, you may be better off selling the car yourself and paying off the debt: You'll avoid the added costs of repossession and a negative entry on your credit report.
If you fall behind on your mortgage, contact your lender immediately to avoid foreclosure. Most lenders are willing to work with you if they believe you're acting in good faith and the situation is temporary. Some lenders may reduce or suspend your payments for a short time. When you resume regular payments, though, you may have to pay an additional amount toward the past due total. Other lenders may agree to change the terms of the mortgage by extending the repayment period to reduce the monthly debt. Ask whether additional fees would be assessed for these changes, and calculate how much they total in the long term.
If you and your lender cannot work out a plan, contact a housing counseling agency. Some agencies limit their counseling services to homeowners with FHA mortgages, but many offer free help to any homeowner who's having trouble making mortgage payments. Call the local office of the Department of Housing and Urban Development or the housing authority in your state, city, or county for help in finding a legitimate housing counseling agency near you.

MAKE YOUR CREDIT REPPORT PART-4

Accurate Negative Information

When negative information in your report is accurate, only the passage of time can assure its removal. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. There is no time limit on reporting information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you've applied for more than $150,000 worth of credit or life insurance. There is a standard method for calculating the seven-year reporting period. Generally, the period runs from the date that the event took place.

Adding Accounts to Your File

Your credit file may not reflect all your credit accounts. Most national department store and all-purpose bank credit card accounts are included in your file, but not all. Some local retailers, credit unions, and travel, entertainment, and gasoline card companies are among those that usually aren't included.
If you've been told that you were denied credit because of an "insufficient credit file" or "no credit file" and you have accounts with creditors that don't appear in your credit file, ask the consumer reporting companies to add this information to future reports. Although they are not required to do so, many consumer reporting companies will add verifiable accounts for a fee. However, if these creditors do not generally report to the consumer reporting company, the added items will not be updated in your file.

Dealing with Debt

Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?
You're not alone. Many people face financial crises at some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or simple overspending, it can seem overwhelming. But often, it can be overcome. The fact is that your financial situation doesn't have to go from bad to worse.
If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.

MAKE YOUR CREDIT REPPORT PART-3

Credit Scores

Q. What is a credit score, and how does it affect my ability to get credit?
A: Credit scoring is a system creditors use to help determine whether to give you credit, and how much to charge you for it.

Information about you and your credit experiences, like your bill-paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt, and the age of your accounts, is collected from your credit application and your credit report. Using a statistical formula, creditors compare this information to the credit performance of consumers with similar profiles. A credit scoring system awards points for each factor. A total number of points — a credit score — helps predict how creditworthy you are; that is, how likely it is that you will repay a loan and make the payments on time. Generally, consumers who are good credit risks have higher credit scores.

You can get your credit score from the three nationwide consumer reporting companies, but you will have to pay a fee for it. Many other companies also offer credit scores for sale alone or as part of a package of products.
For more information, see Need Credit or Insurance? Your Credit Score Helps Determine What You’ll Pay atftc.gov/credit.

Improving Your Credit Report

Under the FCRA, both the consumer reporting company and the information provider (the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights under the FCRA, contact the consumer reporting company and the information provider if you see inaccurate or incomplete information.

1. Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies (NOT originals) of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report that you dispute, state the facts and explain why you dispute the information, and request that the information be deleted or corrected. You may want to enclose a copy of your report with the items in question circled. Your letter may look something like the one on page 8. Send your letter by certified mail, return receipt requested, so you can document what the consumer reporting company received. Keep copies of your dispute letter and enclosures.Consumer reporting companies must investigate the items in question — usually within 30 days — unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider receives notice of a dispute from the consumer reporting company, it must investigate, review the relevant information, and report the results back to the consumer reporting company. If the information provider finds the disputed information is inaccurate, it must notify all three nationwide consumer reporting companies so they can correct the information in your file.When the investigation is complete, the consumer reporting company must give you the written results and a free copy of your report if the dispute results in a change. (This free report does not count as your annual free report under the FACT Act.) If an item is changed or deleted, the consumer reporting company cannot put the disputed information back in your file unless the information provider verifies that the information is, indeed, accurate and complete. The consumer reporting company also must send you written notice that includes the name, address, and phone number of the information provider.If you request, the consumer reporting company must send notices of any correction to anyone who received your report in the past six months. A corrected copy of your report can be sent to anyone who received a copy during the past two years for employment purposes.If an investigation doesn't resolve your dispute with the consumer reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the consumer reporting company to provide your statement to anyone who received a copy of your report in the recent past. Expect to pay a fee for this service.
2. Tell the creditor or other information provider, in writing, that you dispute an item. Be sure to include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if you are correct — that is, if the information is found to be inaccurate — the information provider may not report it again.

MAKE YOUR CREDIT REPPORT PART-2

The Fair Credit Reporting Act

The Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of the nation's consumer reporting companies. The FTC enforces the FCRA with respect to these companies. Recent amendments to the FCRA expand consumer rights and place additional requirements on consumer reporting companies. Businesses that provide information about consumers to consumer reporting companies and businesses that use credit reports also have new responsibilities under the law.
Here are answers to some of the questions consumers have asked the FTC about consumer reports and consumer reporting companies

Q. Do I have a right to know what's in my report?
A. You have the right to know what's in your report, but you have to ask for the information.
The consumer reporting company must tell you everything in your report, and give you a list
of everyone who has requested your report within the past year — or the past two years if
the requests were related to employment.

Q. What type of information do consumer reporting companies collect and sell?
A. Consumer reporting companies collect and sell four basic types of information:

• Identification and employment information: Your name, birth date, Social Security number, employer, and spouse's name are noted routinely. The consumer reporting company also may provide information about your employment history, home ownership, income, and previous address, if a creditor asks.

• Payment history: Your accounts with different creditors are listed, showing how much credit has been extended and whether you've paid on time. Related events, such as the referral of an overdue account to a collection agency, also may be noted.
• Inquiries: Consumer reporting companies must maintain a record of all creditors who have asked for your credit history within the past year, and a record of individuals or businesses that have asked for your credit history for employment purposes for the past two years.
• Public record information: Events that are a matter of public record, such as bankruptcies, foreclosures, or tax liens, may appear in your report.

Q. Is there a charge for my report?
A. Under the Free File Disclosure Rule of the Fair and Accurate Credit Transactions Act (FACT
Act), each of the nationwide consumer reporting companies — Equifax, Experian, and
TransUnion — is required to provide you with a free copy of your credit report once every 12
months, if you ask for it.


Q: How do I order my free report?
A: The three nationwide consumer reporting companies are using one website, one toll-free
telephone number, and one mailing address for consumers to order their free annual report.
To order, click on annualcreditreport.com


Q: What information do I have to provide to get my free report?
A: You need to provide your name, address, Social Security number, and date of birth. If you have moved in the last two years, you may have to provide your previous address. To maintain the security of your file, each nationwide consumer reporting company may ask you for some information that only you would know, like the amount of your monthly mortgage payment. Each company may ask you for different information because the information each has in your file may come from different sources.

Still, annualcreditreport.com is the only authorized online source for your free annual credit report from the three nationwide consumer reporting companies. Neither the website nor the companies will call you first to ask for personal information or send you an email asking for personal information. If you get a phone call or an email — or see a pop-up ad — claiming it's from annualcreditreport.com (or any of the three nationwide consumer reporting companies), it's probably a scam. Don't reply or click on any link in the message. Instead, forward any email that claims to be from annualcreditreport.com (or any of the three consumer reporting companies) to spam@uce.gov, the FTC's database of deceptive spam.

Q. Are there other situations where I might be eligible for a free report?
A. Under federal law, you're entitled to a free report if a company takes adverse action against you, such as denying your application for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the action. The notice will give you the name, address, and phone number of the consumer reporting company. You're also entitled to one free report a year if you're unemployed and plan to look for a job within 60 days; if you're on welfare; or if your report is inaccurate because of fraud, including identity theft. Otherwise, any of the three consumer reporting companies may charge you up to $10.50 for another copy of your report within a 12-month period.

MAKE YOUR CREDIT REPORT PART-1

If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you've been sued or arrested, or have filed for bankruptcy. Consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use the information to evaluate your applications for credit, insurance, employment, or a lease.

Having a good credit report means it will be easier for you to get loans and lower interest rates. Lower interest rates usually translate into smaller monthly payments.
Nevertheless, newspapers, radio, TV, and the Internet are filled with ads for companies and services that promise to erase accurate negative information in your credit report in exchange for a fee. The scam artists who run these ads not only don't deliver — they can't deliver. Only time, a deliberate effort, and a plan to repay your bills will improve your credit as it's detailed in your credit report.

The Federal Trade Commission (FTC), the nation's consumer protection agency, has written this booklet to help explain how to build a better credit report.

Seven Mistake in borrowing the money to bank

Many people wrong done by civilian in raising the loan to Bank. This mistake is caused ignorance they are in have invesment to in property.
First mistake,Many people raise the loan only to 1 just bank and when in refusing the world feel to desist to rotate to move forward the minimum credit 4 bank so that when in refusing us not sorrowful, by raising to many banks indicate that the serious you wish to borrow the money swiftly.

Second mistake, Many people borrow with little value and sortly time this because psychological of the people fearing owe.
If in calculation for example borrowing the money of 100 million in 5 year with 100 million in 15 more second beneficial year because longer the payment of loan time is while price property continue to go up.

Third mistake, people borrow the money when they have no money.
this is out of luck of bank only giving the loan to that people have of money. People thinking if owing mean the downhill him effort so that newly owe when him effort fall, result of of bank frown on and blame the bank why don't give loan

Fourth mistake, usually people save after lessened by this expenditure wrong once because bank see how much/many do cash yielded monthly [is] not how much/many do expenditure do the [the] mentioned hence will lessen assessment of bank to your own

Fifth mistake, gap paid for Cash advance nicer than debt and finally bought the house by tube formerly. When enough savings of price property went up and he/she fixed could not buy property

Sixth allergy, assume the bank as enemy [is] not partner. stagnance in wrong confidence, that Bank bad, fast buck is etc which be in fact important caw,

Seven mistake,Money Loan in bank there must be have conection. finally await is conection and when there no conection only can agree " just Bold of my loan in refusing caw have conection in Bank".
this is some the mistakes is often done by civilian hopefully can assist the you.

Raise The LOAN TO BANK…?

These days, amenity in borrowing the money in bank is one of [the] very inveterate facility we meet. But there are some matters to be inculcated in mind your, if we like to borrowed the money :

its same loan not yet ever been is same of course in number payment.

Mean, loan might possibly is same have difference in the case of administration expense, rate of interest storey;level, such additional expenses and delay in payment penalty.Wrong interprate in inveterate society happened is, the two loan is equal to is same rate of interest and is same redemption duration, will finish the is same expense.Matter to the is not primary factor. The expense we finish to one loan might possibly differ because his loan type and how do that interest is calculated.Simple example of him, interest rate at a ordinary loan, level of Interest Rate to be paid, pursuant to [at] debt remain the not yet been paid.Became if quicker it paying, Interest Rate to be paid will be more small.This option compatible for the you have the money earnings erratic be like entrepreneur.Other side, you it is of course have heard the instalment fixed, banks apply the instalment system be like this where, Interest Rate calculated pursuant to full scale factor of his redemption duration and loan. Tell the instalment remain to 24 months, hence his Interest Rate is calculated by during 24 months. That of him cause named by the instalment remain to.Thus, even if you pay quicker it less than 24 months, is not meaning the you not necessarily pay [for] the Interest Rate during 24 months. imposed Interest Rate and have to be paid, is fixed calculated by during 24 months.This option more compatible possible for is difficulty which is cashflow montly revenue remain to be like employees.

Loan rate of interest and costs to be paid be in fact negotiation can with bank party.

Of course bank side will not advise this matter you except you have the consanquinity partner/family both for working in bank. banks offer the very attractive loan program to each;every product type loan which they make.Progressively assure your appearance bonafide, hence progressively easy to also you is other costs and also rate of interest negotiation which imposed.Draw up the external supporter document of formal identity letter and slip salary if exist, be like bank statement of company foreign company more peeped at, the document show you have credit record the cleanness, evidence document validate of asset be like properti, vehicle, SIUP/NPWP if needed etc.Invest the leeway to survey to some credible big banks, of the banks, narrow the choice you become 2-3 bank, pursuant to redemption scheme, rate of interest storey;level, flexibility, amenity, bonus, what is interesting very according to your.Ask to pertinent bank do they can give the offer which is is better to be compared to the bank kompetitor you which have visited. Use credit record you is as weapon for have negotiation. If you have accustomed or have have taken the loan, explain to bank because usually will be more be watered down.Can also, you offer to bank to charge directly of money of account as part of scheme redemption of loan. Core of it many of the matters you can use to economize your expenditure of moment raise the loan.

Bank is very hope you borrow the money, more than the you require.

Bank wish you think that they have had the goodness to by loaning the money you according to requirement. Be in fact, this [is] not [at] context how well is liver of of bank , but rather is one compulsion and procedure fixed, remember, bank have to channel the loan [so that/ to be] can maintain his business, as according to projection early attainment goals and year per his year. The bank too over-liquid will not give many advantages to owner share.In Indonesia there are 130 bank, where 11 between its are foreign bank, readily channel the loan to your. Even some banks have served proffering of other credits and credit card application which done online throughly internet.Thus think it over, don't feel the intimidation if we like to took loan of bank.congratulation raise the loan, during for productive purpose, why is don't?

CALCULATE INTEREST RATE IN LOAN

If we will borrow the money in bank, discussion moment how much do instalment to be paid per month its of the loan we do, usually we is given or simply showed by the containing paper sheet of lines line of level of loan, a period of loan and level of instalment to be paid per month its. big Wrong if not the loan as described there the amount of hims in five millions fold or ten million.

By using function on the application MS Excel, we can make calculation of level of instalment to be paid its month;moon to each;every loans amount to be taken, including the loans amount don't written in the paper given by bank. Possible there are some ways calculation of instalment, and the I write here – according to my knowledge– at most used, for example BCA, Bank Mandiri, and BII.his Case example of, we will borrow the money equal to Rp 45.000.000,00 to a period of/to loan of 5 year. The flower applying at that moment for example 16% per year. For example we write down each this value in cell [at] worksheet MS Excel.

A1 = 45000000 A2 = 5 A3 = 16%

Calculation result of level of instalment we will put down [at] cell A5, hence to cell A5 we enter formula following:

= PMT(A3/12;A2)

The calculation will yield the negative value, because seen from the aspect of approach we [release] the money.From got level of instalment, possibly we wish to know the level of loan fundamental in the instalment we pay [for]. For example we will put down his calculation result [at] cell A6, formula which is to be enterred:

= PPMT(A3/12;INSTALMENT_TO;A2)

Instalment to we change with number 1, 2, 3 and so on refer instalment first, second, third and so on.
paid level of Flower, we can calculate direct from level of instalment lessened by the loan fundamental paid. If counted by using function at]MS Excel, formula enterred as follows:

= IPMT(A3/12;INSTALMENT_TO;A2)

If we pay attention with situation of exact interest, amount of instalment will [is] same to [be] its monthly, big [of] loan fundamental will progressively go up and paid flower will progressively go down to each;every his monthly instalment. Following I enclose the file MS Excel for the calculation.

Bank Mandiri
Loan 40.000.000
Rate 12.25%
Duration 10 Years
Final Years 69.561.353,99

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TRAPEED IN CREDIT CARD

Trust I cannot say that a the is factory labour of]production around] one million per month can have many credit cards (CC) ? Of course is not odd matter in the middle of intensively of the credit card promotion forcibly people to become the member especially in places expenditure of public. Loan Company promotion to labours only on condition that Id Card and free of annual fee to be member. Victim is even also down because many the labours trapped in endless debt. some of his stories which is our finding in a research.

My company incidentally have cooperation with a LSM to check various aspect life of labour. In the middle of research, we find the interesting phenomenon of moment many is labours of surrenderness narrate the debt lassoing of of effect usage of the credit card break the rules. Beginning of of ordinary them indebt to rentenir which is notabene is their own friend.

Then his pattern change the moment a labour even also can get the plastic money facility. Interest with modern life style, they try it identifying by becoming member just. Enunciated only with sheet Personla ID Card, without salary verification to be its is done by company of publisher Credit Card they have ever been dressy. Their grief is even also started.

Enunciated them not yet understood the term compunding interest, bloomy flower, and bear fruit, then flower again. More than anything else many companies Credit Card doing the deceptive cozenage by goning into effect the low flower in first month, then still up] 4% month;moon without approval of consumer.

Expense a few, but quite a few direct whichs of preoccupation of his card friction. Invoice is even also come, why can pay for the minimum or about 2% from invoice. With artless of them is even also only paying equal to minimum invoice. What a scrumptious is/are think them and yup, expense again, and just minimum invoice payee.

New them of conciousness at first month the next when payment of the minimum they do the expense plus progressively swell. Easyly, open again new credit card which promotion the transfer of debt. All right? Hell no! Fee gone into effect transfer of flower plus Credit Card newly actually more strangling. Debt collector start coming to factory, house, including your residency and their old fellow. Life is progressively narrow. As information, average they hold two or more Credit Card !

That a small part of story how do baby-abdominal belt KK which ensnaring some of our labours. Credit Card Company this not give a dam that labour with the production is not the goals snugly to market their. Emulation between publisher Credit Card which is wacky to so result them have to do the various means sometime not ethical for the shake of getting the member as much as possible and labour is soft target.
On the other hand, the labour tempted with plastic card life style interest to exploit this facility without supplied by theX the adequate knowledge concerning rule of the Credit Card game which full of trik and can trap the consumer in the is debt lassoing of not just outcome.

labours a lot do the patch up payment of minimum facility alias payment. Though mathematical paymently this can completed in meter tens of year. Unconvinced, try to calculate by xself with interest rate about 3% per month, possibly in meter of 30 year more debt can be paid. Hard isn't it?

Finally we do an awareness program to labours concerning tips usage Credit Card, calculation of flower, minimum effect payment, and of course understanding of condition and rule of publisher Credit Card. they comprehend that in this world nothing that free of charge so that we don't easy to tergiur with iming2 any from publisher Credit Card.

Credit Record

If You want to apply loan in your bank you must have good credit record, what must a credit record...?

Credit history or credit report is, in many countries, a record of an individual's or company's past borrowing and repaying, including information about late payments and bankruptcy. The term "credit reputation" can either be used synonymous to credit history or to credit score.

In the U.S., when a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files.

This information is used by lenders such as credit card companies to determine an individual's credit worthiness; that is, determining an individual's willingness to repay a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid on a monthly basis.

The other factor in determining whether a lender will provide a consumer credit or a loan is dependent on income. The higher the income, all other things being equal, the more credit the consumer can access. However, lenders make credit granting decisions based on both ability to repay a debt (income) and willingness (the credit report) as indicated in the past payment history.

These factors help lenders determine whether to extend credit, and on what terms. With the adoption of risk-based pricing on almost all lending in the financial services industry, this report has become even more important since it is usually the sole element used to choose the annual percentage rate (APR), grace period and other contractual obligations of the credit card or loan

Loan Definition

What Means A Loan....?

A loan is a type of debt. This article focuses exclusively on monetary loans, although, in practice, any material object might be lent. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

The borrower initially does receive an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A loan is of the annuity type if the amount paid periodically (for paying off and interest together) is fixed.


Legally, a loan is a contractual promise between two parties where one party, the creditor, agrees to provide a sum of money to a debtor, who promises to return the money to the creditor either in one lump sum or in parts over a fixed period in time. This agreement may include providing additional payments of rental charges on the funds advanced to the debtor for the time the funds are in the hands of the debtor (interest).

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