3 Things You Have Got To Know Before Getting Your First Credit Card

3 Things You Have Got To Know Before Getting Your First Credit Card

3 Things You Have Got To Know Before Getting Your First Credit Card

3 Things You Have Got To Know Before Getting Your First Credit Card – Understanding the fundamentals on how to get a credit card and use it wisely can save you time, energy and money, and help your way to building good credit.

Getting your first credit card is not only an enormous milestone, but also a huge adjustment. You may have a rough sense of how credit cards work and how to handle it, but the details are where the devil is. Comprehending more before getting a credit card will save your money and help you establish good credit. Finance Solutions

1. The best credit cards are not for beginners

As a beginner to credit, perhaps you will not be able to qualify for the most valuable credit cards, which are those with wealthy rewards and benefits, bonuses or long zero percent interest periods. Those products are accessible only to applicants with good or excellent credit and longer credit histories who meet certain joker123 income requirements.
You might start smaller first with your credit card, a product for people with limited or no credit history. It is not that bad, though; lots cards like that provide decent rewards and do not charge annual fees.

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2. A security deposit makes a mastercard easier to obtain

If you’re having hassle to get your first credit card approved, try a secured credit card.
Secured credit cards are made for people with damaged credit or no credit at all. You will first need to put down a cash deposit to open your account. Your credit limit is particularly equal to your deposit. The minimum deposit requirements vary from $200 to $500, depending on the agen sbobet card.

Read More : Credit Report Agencies’ Role in Improving Your Credit Rating

Falling behind on payments might mean losing your deposit. However, if you always pay on-time and spend your money below the limit, you could build good sbobet88 credit within months. Your issuer could upgrade the account to a regular unsecured card at that point, or you could apply for an unsecured card and close the secured card in good standing. Insurance News

3. Your first credit card can build your credit or ruin it

One of the primary reasons to obtain your first credit card is to spice up your slot game credit. However, if you are reckless, it can have the opposite effect. It all depends on what you do.
Your issuer will report your credit card activity every month to credit bureaus, the companies which files the credit reports that form the basis of your game slot credit scores. The reported data includes whether your payments have been on time and how much of your credit you have used. Late payments and maxing out the card are bad.

To ensure your credit card activity helps as much as possible, pay in full and punctually every month and stay below your credit limit. (A good rule of thumb: Keep your balance under 30% of your available credit at all times.) You might also want to track your credit scores to see where you stand. Finance News

Credit Report Agencies

Credit Report Agencies’ Role in Improving Your Credit Rating

Credit Report Agencies

Credit Report Agencies – Look in the business columns of any large-city newspaper under the heading “Businesses for Sale”. Look in the real estate columns of your local paper under the heading “Apartment Houses for Sale,” or “Business Property for Sale.”
If you look carefully, you will probably soon find a number of ads which say, after the description of the property which is for sale, the following: “Owner will finance”. Or the ad might say: “Seller will finance”; or “Financing available”.

What these ads mean is that the seller or owner of the property-be it a business, apartment house, shopping center, etc. Is willing to finance your purchase of the property. So you do NOT have to go to a bank, a finance company, a factor, a relative or a friend to borrow the money you need. Rather, you have a cozy sale between yourself and the seller.

While it is true that the seller will probably register the debt you have after you buy the property. You do not have to face any long-faced loan officer at a lender to get your money.
Of course, you never really get the money when the seller finances the sale. Instead, you take over an income producing property of some kind and have the right to earn the income from the property. The seller does not get any of the income. You will, of course, have to pay the seller each month a certain amount on the loan you obtained from the seller. But this money will come from the income the business generates, not from your own pocket or bank. Credit Report Agencies.

Questions:

What kind of a seller or owner would be willing to finance the sale of a valuable income property?
There are many different types of sellers who are anxious to get out of an income-producing property for one reason or another, such as other business interests, divorce or separation, death or illness in a family, or retirement.

Once you spot any reasons such as these. You can be fairly certain that you have a good chance of having the seller finance the sale to you. But you must be alert for such opportunities.
How can I convince the seller or owner that I’m the right person to take over the income property?
To convince the seller or owner that you are the “right person”, you must “sell yourself” to the seller. You must convince the seller that you are hard-working, dedicated to the business, interested in the business, reliable, and honest.

Once you convince the seller of these, your chances are excellent. So keep this in mind when talking to the seller.
The usual way a deal which is financed by the seller works is that you take over the business for no money down and repay the seller on a monthly basis. To accomplish this, you should:
Pay the “asking price”Avoid haggling with the seller.

Be willing to agree to all the terms the seller sets up

By having the seller finance the sale. You will probably pay more for the property and a higher rate of interest. But if you are just starting, this may be your great chance. I see all types of real estate financed this way, many different commercial businesses, factories, etc. So don’t think that you are restricted as to the type of business you might buy when the seller finances it.
To get 100+% financing. Ask the seller to lend you a few thousand dollars for operating capital by allowing you to keep the first few week’s income from the business. Without making a payment to the seller. Or, if you’d prefer to have just 100% financing, do NOT ask for this provision.

You will need an attorney to protect you in such a sale. Instead of paying the attorney ask that the fee the attorney would normally collect be paid in the form of a promissory note. You will then pay the attorney a few months after you take over the business for no cash down!
For much more information and assistance with locating and purchasing owner-financed properties, visit our site at. Where there are articles, reports and complete business courses that will help you to success in your owner-financed investment activities.

Free Virtual Credit Card

Free Virtual Credit Card

Free Virtual Credit Card – Virtual credit cards are debit cards but they can also function as credit cards. This means that with virtual credit cards you have an account in which you deposit money and you can use that money as if it were credit. Unlike traditional cards, with a virtual credit card you do not acquire any debt, since you spend what you deposit to the card. The benefits they offer are extensive and there are many banking institutions or companies that issue them. In this article we explain more about it. sbobet88

  • Revolut and N26 have a European IBAN for free with prepaid MasterCard and or virtual Visa. It can be requested by residents of Spain and other countries in the European Economic Area.
  • A good option is Neteller. Here everyone can apply for a free virtual credit card.
  • Other options include the free Transfer wise program that is available in more countries.

Free Virtual Credit Card

Perhaps it is good to clarify from the beginning that acquiring a free credit card does not mean that you will have a credit that you will not have to pay. The credit cards that we refer to in this article are prepaid cards that serve the same function as credit cards. Think of them like when you credit your mobile. It is the same, but with a virtual card. If you want to get free money check the link. agen sbobet

Virtual Creditcard is Usefull

A free virtual credit card is useful for those who do not have access to financial services such as conventional credit cards. This type of card is used by people who need to carry out transactions on the Internet, either to buy or contract services. Similarly, virtual credit cards give you the option to transfer money between countries without having to pay such high commissions. This is very profitable for all those people who live abroad and who have to constantly send money to their family or friends (it is an excellent alternative to Western Union).

An advantage of free virtual credit cards is that they also provide you with a bank account. In case of processing a virtual credit card in the European Union, that account includes an IBAN that allows you to transfer money between European countries for free. In the case of non-European cards, the account they offer you can use to deposit your payroll or make deposits in general. Most free credit cards also offer you a physical card. This allows you to make purchases in an offline store.

How to get free virtual credit card

There are several companies and banks with which you can apply for a free virtual credit card. You can buy these cards in different parts of the world. In the case of Spanish-speaking countries, you can acquire them in Spain, Mexico, Argentina, Chile, Colombia, Venezuela, among others. Basically it could be said that if there is a Visa or MasterCard in your country, it is very likely that you can acquire a virtual prepaid credit card.

Free virtual Visa card

If you are wondering how to get a free virtual Visa card, it is very simple. In most countries, the Visa company, like MasterCard, has a large presence. In Europe perhaps a little less, but it is not conspicuous by its absence. Most credit cards belong to one of these two financial transactions. Some companies even offer a prepaid MasterCard or Visa à la carte credit card. Choosing between one or the other game slot will depend on why you want it, but basically they are the same. The following is an example of a free virtual credit card. The company has grown very rapidly and is gradually expanding throughout all parts of the western and westernized world.

Revolut

Revolut offers a European account with free IBAN, prepaid MasterCard and / or Visa credit card, the option to generate single-use cards, and the option to buy cryptocurrencies such as Bitcoins, Bitcoin Cash, Ethereum, Litecoin and Ripple (premium account) . It can be requested by residents of Spain and other countries in the European Economic Area. Although Revolut is not yet available to Latin Americans, the company is in the process of expanding out of Europe, including Latin American countries such as Mexico and Argentina.

With Revolut you also have the option of having a physical card sent to you. The cost of it will depend on where you are. In some countries you can request it completely free. The physical card is also free if you have the premium slot game account, which costs around € 7 a month. Finally, it offers travel insurance that is attractive to travelers.

How to get a free virtual credit card with Revolut

To get a free virtual credit card with Revolut or any other company, what you need to do is enter the page and follow the steps indicated. You will have to verify your identity and have a cell phone. With some companies you will have to do an interview by phone or webcam, but this is not the case with Revolut. In general, the time it takes to get a free virtual credit card is 20 minutes, not counting approval time. This time is also usually very fast. A good alternative to Revolut is N26 or Neteller.

5 Features Investment Management

5 Features Investment Management

5 Features Investment Management

5 Features Investment Management – If you handle the assets and investments of clients. Then I am sure you agree that an investment management solutions in an important tool. One that you use in your day to day work. However, with so many options available it can sometimes be difficult to decide which solution to go for. So if you are currently looking for such a tool. Here are 5 features to look for in investment management software.

1. Remote & Mobile Access

If you want to access clients’ information easily, then you should look for a solution which includes a web-based and also mobile option, so you can remotely access vital data anywhere you go. You will be able to easily log into the system even via your mobile device. Any time day or night to access data, manage investment, apply changes and more. Being able to management your client’s investments for any city in the world is a crucial element, especially if you are on the go often.

2. Unlimited Number of Clients

Make sure that your investment management software is set to handle an unlimited amount of clients. Even if you are just starting out, you cannot restrict yourself by choosing to use software which sets limited on the number of clients you can handle. The software you choose should also cater for more than one user. This way, several people can access the same program if need be. You will need to check to see if additional licenses are needed for this kind of setup, as some companies charge additional fees for additional users. In fact in some cases, you may need to license each user. However, this will depend on the size of your organization.

3. Effective and Flexible Reporting Capabilities

Make sure to choose a solution that delivers the kinds of reports that you need for your business. Prior to choosing the software you should be able to view screen shots of the program features especially when it comes to reports. Take a look at sample reports and if they are not what you need, then look elsewhere. If such screen shots and sample reports are not available on a company’s website, get in touch with them and get a live demo of the solution.
Branding is important for many businesses; therefore find a solution that allows you to add your name and logo to all correspondence and reports. It should be a seamless fit, and not a “one size fits all” appearance. This will provide professional appearance and inspire confidence in clients.

4. Front to Back Office Integration

To ensure and increase future business profitability look for an investment management solution that provides full integration of the Front to Back Office process. Front to Back Office integration will bring together customer acquisition processes, with client management applications and datasets. Such seamless integration will improve productivity, helping you to provide a better service and therefore increase your customer retention rate.

5. Flexible (and Effortless) Customization

Managing investments for different clients, each with very different scenarios, means you will have execute custom processes for each. This is why your chosen investment management software should provide you with the ability to adjust and customize new rules, regulations and processes easily and effortlessly. Some solutions might be restricted in this area, and some vendors might indeed charge extra fees for additional rule customizations. Therefore look for a solution that, along with providing a set of pre-defined rules and processes based on industry standards, also provides you with the flexibility of adapting and adding your own.

Conculsion

Finally, make sure that the software company you choose provides an effective support system that is available during your business hours. It is better if there is twenty four hour support, but this may not be necessary. You should also be able to call and talk to someone about your problem. This insures that you have prompt action on any situations that occur. Make sure you get these questions answered before committing to an investment management solution.

These are just five important features you will need to consider when evaluating the options for an investment management solution. Of course ensure you get an extensive trial of the software, or a thorough demo, before going ahead. Looking online for past client reviews and testimonials should also help you make a much more informed decision.

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money

A Success Plan for Your Personal Relationship With Money – “There are two ways of being happy: We may either diminish our wants or augment our means – either will do – the result is the same; and it is for each man to decide for himself, and do that which happens to be the easier. But if you are wise, you will do both at the same time, young or old, rich or poor, sick or well; and if you are very wise you will do both in such a way as to augment the general happiness of society.” ~ Benjamin Franklin

Basically, this quote is saying that you can be happy without spending your money on stuff that you don’t need. Instead, you should pursue meaning and purpose in your life. The whole world will also be a better off if you do. What could be simpler? What could be better?

Defining Your Relationship with Money

In order to transform your relationship with money, you must ask yourself some very tough questions. More importantly, you must be willing to provide honest answers. Are you Managing your Relationship with Money, or are you Waiting for a Miracle?

Essentially, there are (4) Money Relationship Styles:

  1. The Player –
    You’re a Player. Basically, you spend every penny you can on having a ball. I think the young people call this “Ballin'”.
  2. The Friend –
    You find yourself forever in the “Friend Zone”. You’re nice to your money. You pay your bills. You may even have a little left over at the end of the month. Nevertheless, you’re unsatisfied. You yearn for more from your relationship with money.
  3. The Companion –
    You’re Good to your Money. You save when you can. Maybe you even invest a little. You’re still not totally “Committed” to “Managing” your Relationship with Money.
  4. The Partner –
    You are committed to managing your money. You’re creating assets and multiple streams of income. At the same time, you’re shedding liabilities and ending your servitude to debt.

Your Money Relationship History

What is Your Money Relationship Track Record? Think about how you’ve earned and spent your money in the past. People earn and spend money in different ways.
These are the (3) different ways that you can earn money:

  1. Earned Income
  2. Portfolio Income
  3. Passive Income

These are essentially (4) different ways that you can use money:

  1. Spend it
  2. Save it
  3. Invest it
  4. Manage it

You’re Managing your Money when you’re Spending Less; Saving More; Investing Smart and Creating Multiple Streams of Income.

Your Money Relationship Priorities

What Are Your Future Intentions With Your Money? You’ve had some time now to think about how you’ve earned and spent your money in the past. Are you now committed to transforming your relationship with money in the future? If so, the first thing that you need to do is to set priorities.

Your priorities aren’t always written down or formally regarded as such. Most often you exhibit your priorities by your actions. Having Negative Priorities means putting things that may make life easier ahead of things that make life more fulfilling. Having Positive Priorities means putting things that that make life more fulfilling before things that just make life easier. Before you can create and stick to a financial budget – which is very important, you need to create a “Priorities Budget” to determine what is most important to you.

So what are the 5 Steps to Transforming Your Relationship with Money????

  1. Taking Initiative – Proceed and Be Bold!
    As Dr. Martin Luther King, Jr. once said that “Faith is taking the first step even when you don’t see the whole staircase.”
  2. Ending Materialism – Transform Your Relationship with Things
    What things are keeping you tied to the world and further away from living the life that you want to live????
  3. Financial Integrity – To Tell the Truth
    We have to stop lying to ourselves about our relationship with money.
  4. Relieving Debt – Transform Your Relationship with Credit
    W.E.B DuBois once said that “To whom you give your money, you give your power.”
  5. Start Budgeting – Understanding Assets vs. Liabilities

If you don’t have a budget to keep track of what’s coming in and what’s going out, you’ll never have a clear picture of what you need to do, to go where you want to go. Your budget is your compass to finding the way to your financial destination. In order to achieve your financial goals, you need to have an organized strategy for transforming your ambitions into a series of purposeful actions. Your Budget is the first tool you need to create a strategy for transforming your relationship with money.

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement?

Is it Practical to Plan For Retirement? – As it becomes increasingly difficult for many companies to finance workplace pension plans, and more persons join the ranks of the self-employed, the number of Jamaicans who are currently investing towards their retirement years is woefully inadequate.

Studies indicate that private pension arrangements are now covering some 60,000 persons of the approximately 1.3 million people in the labour workforce in Jamaica. This means that only about one out of every 22 persons contributes to a savings plan. That will help to replace their income when they can no longer earn a living or choose to stop working. This is a startling statistic, as it indicates that many persons may not have considered the necessity of planning to create an income for their later years.

Calculating The Cost of Retiring

Imagine that you are now 65 years old, and desperately desire to quit the rat race of the working world. In your youth, you had only focused on funding your immediate needs, and had never consciously thought about where money would come from when you were too tired to keep working.
You had hoped that your children would take care of you when the time came, but now they are struggling to make their own ends meet, and can offer you very little assistance. You have no choice but to continue working, despite your aches and pains and nature’s actions in trying to slow you down.

So let’s look at what it would take to create a nest egg. Which would allow you to live comfortably in your retirement years.
Let’s say that you are now 40 years old and wish to stop working at age 60. Assuming an average inflation rate of ten per cent per annum. Which is the percentage by which prices will go up every year. Your income need upon retirement would actually be over $330,000JMD per month. Would continue to increase every year in line with inflation.

How much money would you need to amass in the next 20 years

In order to generate this income stream over 25 years of retirement? To make this plan work, you would need to create a lump sum of over JMD$126 million upon retirement. Which should earn a net return of eight per cent every year. Is it Practical to Plan For Retirement?

So, how much would you need to put aside every month to achieve this goal? If your investment plan gives you an average net return of 10 per cent every year. You would need to save just under $80,000JMD per month and increase your annual contributions by ten per cent to stay ahead of inflation. Now for most people, the possibility of putting aside $80,000JMD per month towards a retirement plan would be next to nil. I tell them it’s better to save what you can than save nothing at all.

Getting Started With A Retirement Plan

Here are some considerations that can help you to get started with a plan for your future needs:
– Do you have any savings that could be used to start a dedicated retirement plan?
– How much money can you comfortably put aside every month without having to withdraw from it?
– At what age is it practical for you to stop working for an income?
– How much money will you need to withdraw monthly once you are retired?
– Will you receive a workplace pension that will contribute to meeting your needs?

Using the previous example

Let’s say that all you can save right now for your retirement is $10,000 JMD per month. You decide that it’s more realistic for you to aim for retiring at age 65. What kind of nest egg could you create with these parameters? If you increase your contributions every year by ten per cent. Then you would create a retirement fund valued at over JMD$32 million.
While this figure may sound impressive, in today’s dollars it would only be worth about JMD$3 million. Would generate the equivalent income of about $11,000 JMD for 20 years. Your retirement nest egg would there fore form only a part of your plan towards replacing your income in your senior years. Other options to generate money could include renting out a part of your home, or starting a business that would help to pay residual income. Is it Practical to Plan For Retirement?

Business Rewards Cards

Business Rewards Cards

Business Rewards Cards

Business Rewards Cards – Business credit cards can be a great tool for any business. Large or small to assist in the money management process. Some of the first things that most consumers take into consideration when deciding between credit card accounts is APR, credit limit, annual fees, late charges, and other miscellaneous fees. There is nothing wrong with this, as these are all critically important factors when trying to decide which card program is the best one for you. However, once you have narrowed your search down a bit, be sure to take a good look at some of the rewards programs that these cards usually offer. You must always try to find the rewards program that you feel you will reap the most benefit off of. Here are some of the kinds of rewards programs that different accounts will offer.

Cash Back Rewards

One of the most basic rewards programs can also be one of the most lucrative for consumers. Cash back business cards will all generally work the same. For every purchase charged to your card you will earn a certain percentage of each transaction towards your cash back balance. The percentage will obviously vary with each account. Also by your business or personal credit history, although it is typically somewhere between 1-4%.

When you elect to redeem your balance you can elect to have the money credited back to your monthly statement. Request a paper check be sent or an electronic deposit be made. If you have a business with multiple card users and/or accounts then this amount can really add up quickly and save your business a good chunk of money.
Keep in mind that each credit card company is different, thus making the rewards programs for each different as well. Some programs will offer a different percentages of earnings depending on what you are spending.

Airline Rewards

Airline rewards cards are some of the most popular among larger businesses. For those that require their employees to be frequent travelers. These cards basically accumulate “points” for each dollar you spend on your account. You can then redeem these points for airline purchases. These accounts tend to vary a lot depending on your card provider. Some will only allow you to choose a specific airline for your flight and may also have certain black-out dates restricting you on your travel options. As with the cash back cards, these cards can have limits in regards to point accumulation. Also some card providers will charge a fee each time a flight is booked.

Road Rewards

Some of the most popular cards these cards are ones with a gas rewards program. The ever rising fuel prices have left a large hole in the pockets of many small businesses. These cards offer you a certain percentage back every time you make a stop at the pump. If you have a handful of drivers on the road then it is almost silly for you as a business owner to not at least look into what a gas card can do for your company.

Hotel rewards

The points accumulated on these accounts can go towards free nights, as well as upgrades. If you are staying at a high end hotel, and you have enough points accumulated. Then you may be able to mosey on up to a suite or a penthouse room.

Product and Service Discounts

A lot of card issuers have partnered up with different product and service providers to help bring you that will pertain directly to your business. An example can be rewards points that are redeemed at an office supply retailer such as OfficeMax or a UPS store. Shipping expenses can really rack up for a lot of businesses. There are numerous rewards programs that will help save you money in that area. The possibilities here are nearly endless with rewards programs, so always be sure to go through each account accordingly and select the one that will benefit you and your business the most.

The Most Popular Credit Card

The Most Popular Credit Card

The Most Popular Credit Card

The Most Popular Credit Card – Department stores, banks, Travel And Entertainment and hybrids are all offered regularly. In fact many non-financial organization such as the National Football League and and Basketball Association offer credit facilities that can be accessed with the use of plastic Choosing the best credit cards is not a simple process.

They are great if know how to use them to your benefit, and how you may exercise your legal rights, if needed. The best credit cards, can simplify your financial life. If properly used, they can help you keep good records for budgeting and tax purposes. They can also help you cut down on the time spent managing money details. Using credit cards may also afford afford several advantages not associated with other payment methods, such as free extended warranty protection on purchases and free damage insurance on car rentals.

Credit help sales

People tend to spend more at stores with store issued cards: The store owners often extend privileges to it’s holders
Stores generate more revenue by financing the customer purchases at higher interest rates. It is not surprising that many stores report more income from credit card operations, than from sales of merchandise. The stores are mining the data for the very valuable information that is obtained from looking at the record of purchases. The information can lead to discovering trends, for developing marketing campaigns.

Store cards

Store cards are usually at much higher interest rates, but are normally easy to obtain. Holders can often get preferred treatment and early sales notices and easier merchandise return privileges, however, there are some disadvantages, which can be costly

Rather than lower rates, retailers are more likely to raise credit limits and offer such things as 90 days with no interest payments, especially around the holiday season, which induces the temptation to spend more.

Dual Store/Bank Card

Some store credit cards are being replaced by cards that bear the store’s name, but is actually issued by a bank. A dual card is both a store and a bank card. The limit on dual cards are usually much higher than that of the stores, which may adversely affect your ability to get other credit, such as home mortgages. Under federal banking laws,the stores are subject to consumer protection laws that regulate interest rates, and late fees. However, the banks of another state may not be subject to those same laws.

Bank cards

Bank cards are the most common and perhaps the most useful. Visa and Mastercard are the two most common. Your Visa or Mastercard does not actually come from Visa or Mastercard. But is issued by an issuing bank or other organization. Each financial institution sets its own terms features and benefits for the credit it issues.

One big advantage of bank credit cards, is their very wide acceptance. Because the commission charges to the merchant for processing the fees are much lower. This can also be a disadvantage as the ability and the availability to charge things is also present, making it easier to overspend.

Travel and Entertainment Cards

Travel and Entertainment cards include American Express Carte Blanche and Diners Club.
There are two important differences between T&E and other credit cards. T&E cards have a short credit term, usually 30 to 60 days.

Protect Yourself From Collection Agencies

Protect Yourself From Collection Agencies

Protect Yourself From Collection Agencies

Protect Yourself From Collection Agencies – Illegal and unfair tactics are often employed by collections agencies when seeking payment. Unfortunately, the uninformed are easy prey. To hold collection agencies accountable for blatantly unlawful practices, you first have to know your federally protected rights. Collection agencies who fail to follow the rules can result in court fees, fines and even license suspension. For your part, you could have your entire debt forgiven for fighting back against disallowed tactics.

Individuals facing collection proceeding have federally protected rights under the Fair Debt Collections Practices Act (FDCPA). Some of the specific provisions provided include:

Torment or Abuse

The law bans any form of harassment, violence, or abuse against you, your property, or members of your family. Such restrictions include making repeated calls when you’ve asked them not to, using profanity or vulgar language, or threatening actions they may or may not plan to take.

Communication Channels

When collection agencies contact you they must do so between the hours of 8am-9pm, except if you have told them those are inconvenient times for you.

Third Parties Contacts

The exception is when they are trying to find out where you are. Then they can only ask your whereabouts and give their name.  The third party cannot be contacted again unless they give permission or the agency has reason to believe they were given incomplete or false information.

Collection agencies must direct all contact through your attorney, if you have retained one as long as the attorney responds to their attempts. They can only go around your attorney if you have given permission otherwise. They have the right to contact your spouse and your parents if you are a minor, unless you tell them not to in writing. Collection agencies do not have the right to harass your adult children or your parents to get you to pay, even if this happens frequently.

False or Misleading Representation

Sometimes they draft letters intending them to appear to be from a lawyer. These tactics are not allowed under the law. In addition, the facts in your case, such as how much you owe and it’s legal status, cannot be misrepresented. Unless a collection agency actually plans to follow through with it, they also cannot threaten you with legal action.

Outrageous Tactics

Consumers are protected from crooked, unfair, and unreasonable tactics employed by collection. Some commonly employed include causing you to incur expenses due to their collection efforts, adding interest and fees to what you owe, and depositing post dated check prior to the date without permission.

Secondly, ask if the person you are dealing with is a CPA. A Certified Public Accountant (CPA) is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional education and experience requirements for certification.

Your Options

You should direct complaints to the Federal Trade Commission, your state Attorney General’s office, and your original creditor if you have been the victim of these types of practices. First contact your original creditor who can be held liable for such violations. They may consider forgiving your entire debt if the actions were especially grievous.

Another potential recourse is to sue the collection agency for these types of violations. You must document your claims and have at least one witness. Particularly bad cases of repeated abuse have resulted in punitive damages as well. You need to know your rights when facing unscrupulous collection agencies. Hold them accountable and report any violations to the proper authorities right away to avoid being their next victim.

Global Credit Crunch Market

Global Credit Crunch Market

Global Credit Crunch Market

Global Credit Crunch Market – Today the top topic heard nationwide is the economy and struggles of everyday people to survive this current economic downturn. From reading history we learn of the cyclical nature of economies. So, while this economy is down today it could very much bounce back over time with the right leadership.

However, regardless to what is done or not done in Washington, I want to talk today about the responsibility to create our own economic self improvement program. I want to ask you one question. What is the state of your personal economy? Are you over burdened with debt, living pay check to pay check, fearing unexpected financial setbacks? Thinking about the retirement years? Having more month than money?

Even if the economy rebounds in the near future, I think we must continue to be vigilant about creating our own economic stimulus program. We must not get lazy and continue the same habits which in part contributes to our financial insecurity. We need a program that will stimulate and improve our personal financial reality. I suggest we look at our current condition and then create a personal three year economic self improvement program that will touch all areas of our financial life. The following tips will get you started on your personal economic recovery program.

Steps to create your plan

1) Savings

Before we receive our weekly, bi-weekly or monthly salary you notice the government has already deducted money from your paycheck among three areas: federal, medicare and social security. What does this have to do with the idea of saving? As it predetermined by the government that a certain amount of money will be set aside from the gross of your salary, it would be wise for us to set aside a certain amount of money for our savings. The money coming out regularly may seem to be a small amount, however over time you can grow a decent amount of money. Whether you choose to save $10, $50, $100 or whatever amount, the key is to be consistent and do not bother your savings. This would be a smart thing to do with the extra stimulus money from your paycheck. Global Credit Crunch Market

2) Repairing credit/Debt reduction

Now that we have started saving money for our future it is rime to say goodbye to debt and repair our credit. The Bible teaches the following concerning debt, “The rich rules over the poor, And the borrower is servant to the lender.”Proverbs 22:7There are two types of debt positive and negative. Positive debt refers to those expenses which are unavoidable and positively affect your credit ranking like a car note or mortgage. On the other hand, negative debt refers to those expenses that drag our credit rating down.

The first thing I advise is to go online to and request your credit report from the three credit bureaus. It is your right to receive a free credit report from Experian, Equifax and Transunion each year. Once you know the damage you can come up with a game plan for repair. You do not have to pay any company to repair your credit. Spend one evening at the library or Barnes and Nobles reading books on credit repair to learn what you need. You can then negotiate with your collectors from a strong position.

3) Live within your means

I like to say that you can live frugal but rich. Only you and I as individuals know the amount of money that could be saved. If we were to live a more financially responsible lifestyle. I am not saying that you have to give up cable, a nice dinner out. Turn off the air in the summer or wear old tattered clothes to save money. However, do we have to eat out so often or can we cook our own meals? Do we have to have every new piece of clothes or pair of shoes that come out? Or what about bad habits which not only destroy or health, but drains us financially. There are ways to live within a budget, yet still dress nice, eat well and enjoy this thing called life. The money you do not spend can go towards investments, debt reduction or savings.

4) Safe investments

I do not pretend to have knowledge of Wall Street. Big time investor in advising you regarding this step. Considering the economic downturn I do not know if it is wise or unwise to deal with traditional investments. However, this shouldn’t stop you from participating in what I call safe investments. Research at your local bank or online for the current rates for Cd’s(certificate of deposit) or MMA(Money Market Accounts). You can set aside a portion of the money you are no longer wasting and are now saving to invest in one of the aforementioned options and start your money working for you. Global Credit Crunch Market.

5) Start a small business/exploit your talents

The famous motivational speaker Les Brown in his book ‘Live your dreams’ says, “What do you enjoy doing? How can you do what you enjoy and make a living at it?” However, I believe each human being is capable of doing or learning to do something well that would benefit another person. It is easier to start a business doing something you enjoy and love doing than just focusing on money as the sole objective.

Get yourself a piece of paper and write down the things you know how to do really well. Next, research if there is a market locally or on the internet to exploit your talent. Considering the current economic climate and that it is said that many are in a position to lose their jobs this might not be a unrealistic option.