http://www.pandoras-archive.com en-us http://www.pandoras-archive.com N/A pandoras_archive@yahoo.com Thu, 28 Aug 2008 22:01:06 EEST 20 http://www.pandoras-archive.com/articles/3233/1/How-to-Create-Wealth-Using-the-Infinite-Banking-Concept Infinite Banking is a process that allows you to recapture the purchase price of any purchase you make and pay yourself the interest that normally would be paid to another financial institution. Many Americans are searching for safe ways to create wealth. At the same time these individuals search for products and investments with higher rates of return, they need money for things like cars, homes, medical/dental, vacations and so forth. The process of becoming your own banker is a way to utilize your capital as a bank would, but this time you are not only the banker, but the borrower.   By controlling your capital, loaning it out, paying it back diligently and honestly wealth is created almost by accident.   You need to understand that even using your own money and paying cash for an item has a cost to it. You either give up the interest that you could have earned by paying cash, often referred to as opportunity cost, or you pay someone else interest to use their money, there is no other way.   By becoming your own banker you pay yourself the interest, recapture the purchase price of the item, and keep complete control over your assets. Incidentally, use these banking concepts in a business structure and you gain additional tax benefits that make the concept even better.   The concept is becoming your own banker, and it works very well, however by using the right vehicles the concept can be enhanced. The vehicles we use give advantages such as these:   Tax Deferred Growth Tax Free Income Income Tax Free Death Benefit Collateral Competitive Returns Unlimited Options (Loans) Unlimited Contributions Creditor Proof No Probate Liquidity, Use, and Control Passive income for Golden Years   These are very impressive, and by doing it right this can be accomplished.www.becomingyourownbank.com Jake Thompson Wed, 30 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3173/1/Overcoming-Today%26%2339%3Bs-Economy When thinking of the economic hardships that many are facing, and will be facing, only one thing comes to mind... Safety. The common theme in today's society for planning your finances is "buy term and invest the difference." This became popular during the economic boom we had a few years back, and it was a reasonably good strategy A FEW YEARS BACK! For people who are not understanding correctly, the economy is no longer booming, and we are only going to see more difficult times here in the near future. We have millions and millions of baby boomers that are retiring and social security can't maintain all the promises they have made. So where might the money come from? The money for this and many other things can really only come from one thing, taxes. So how do we solve this problem? By protecting our money in a dividend paying whole life insurance policy. Now hold on one second, don't misunderstand, we understand very well insurance and how it works. We understand and actually believed for years that it was a bad use of money. We were like everyone else...invest invest invest. Well what if everything you that was true about financial planning wasn't true, when would you want to know? Just a few years ago we discovered the power of something called the infinite banking concept and the power of putting your money into a safe and powerful place, an OVERFUNDED and MAXIMIZED life insurance policy. The key words being "overfunded" and "maximized." It has forever changed our lives forever. Let me give you a quick look at the advantages.Tax Deferred Growth Tax Free Income Income Tax Free Death Benefit Collateral Competitive Returns Unlimited Options (Loans) Unlimited Contributions Creditor Proof No Probate Liquidity, Use, and Control Passive income for Golden Years Growth even when the money is loaned...this is huge! By setting these policies, or banks as we call them, you essentially create a liquid pool of money, and over a 5 year period create an amazing banking system, which you use to be the financier of your purchases, and essentially will have a death benefit you cannot get rid of. You will essentially have FREE Insurance, and amazing advantages. The concept is truly amazing, and you will create more safety and protection and growth than anything else you could imagine. And one more quick thing. This has been time tested and proven over 200 years, and dividends have never not been paid, even during the great depression. Very impressive, this is complete safety. For more info please contact us by visiting htt://www.becomingyourownbank.com Jake Thompson Jake Thompson Fri, 25 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3172/1/FINANCIAL-PLANNING-and-Understanding-the-Flow-of-Money So many financial advisers are trying to create wealth through products. Let me ask something... if you could choose between Tiger Wood's golf clubs or his swing, which would you take? Kind of obvious, but his swing. His clubs are useless without his swing. Financial planning is no different. Creating wealth is not a product, but a PROCESS. The process of becoming wealthy is enhanced by learning and implementing the concept of the infinite banking system. In essence, you become the bank for yourself, and your wealth will grow exponentially.Some advantages:Tax Deferred Growth Tax Free Income Income Tax Free Death Benefit Collateral Competitive Returns Unlimited Options (Loans) Unlimited Contributions Creditor Proof No Probate Liquidity, Use, and Control Passive income for Golden Years Jake Thompson Fri, 25 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3122/1/-Accounting-Services%3A-Affordable-Outsourcing-Bookkeeping-Services Hi-tech Bookkeeping Services provides a variety of services to low-income families and more. Working with a limited budget, the organization needs a loan to grow, but needed to get their books in order before obtaining a loan will be possible. Our goal is to help businesses grow to their full potential through better accounting. When a company's books are organized by an expert accountant, the company is in a much stronger position for rapid growth.   Our India based staff of professional outsourced bookkeepers and accountants will work through the organizations 2008 record to prepare a comprehensive set of financial records and reports using Intuit's QuickBooks. Bookkeeping will continue to provide monthly bookkeeping services on a pro bono basis as a way to support the charity. "Our goal is to help businesses grow to their full potential through better accounting. When a company's books are organized by an expert accountant, the company is in a much stronger position for rapid growth."Growth plans for Hitech Bookkeeping include expanding to new facilities in order to provide more services for more children and families. "Timely accurate financial information helps organizations better manage their finances. We're excited to play a part in growing such a noble non-profit organization.For More Details Contact Us At: http://www.hitechfpo.com Bookkeeping Services Tue, 22 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3084/1/Repayment-Problems%3F%3F-Go-For-Payday-Debt-Consolidation Payday loans have become the best choice for everyone. It helps you out in middle-month crisis or any sudden expenses that crop up when the finances are running low. An increasing number of people with money requirements of smaller amounts are opting for payday loans and this trend has led to the advent of payday debt consolidation. It is required in such circumstances when the borrower fails to repay the loan debts in default time. Failure to repay the loan debts in due time leads to penalty and increment in repayment amount because of imposed fines, higher interest rates and so on. It may ultimately lead the borrower to pay much more than the loan amount. To avoid this, borrowers use the method of payday loan debt consolidation. Repayment On Easier TermsIt helps the borrower to steer clear of fines or any penalties and helps out in repayment of loan debts. Anyone facing repayment problems must consolidate payday loans to repay the loan to the lenders. Though getting a payday loan is pretty easy, borrowers often face the heat at the time of repayment. It must be understood that payday loans are short-tern loans and have to be paid in two weeks or so. If the borrower fails to pay back in the agreed time, it calls for further deterioration of credit situation of the borrower. It ruins the trust in credit worthiness of the borrower and can only be solved by payday debt consolidation. Through this, the debt consolidators try to merge all the debts of the borrower into one and fix up a suitable repayment plan. They contact the lenders and work out a repayment strategy that is acceptable to them. Debt Consolidation Is The KeyPayday loan consolidation makes it much easier for the borrower to tackle all his/her debts. They only require paying a lower monthly amount over an extended time period to shake off all their debts. At most of the times, lenders assist the consolidators as they also want their money back. In some instances, the lender may itself agree to grant a longer repayment time. There is no need to go for payday debt consolidation in such a case. Otherwise, it is the safest bet for both the lender and the borrower. Contact the debt consolidators today to tackle all your payday loan debts and give a breather to yourself.   Payday debt consolidation have become the best choice for everyone. It helps you out in middle-month crisis or any sudden expenses that crop up when the finances are running low. For more information visit payday loans consolidation Samuel john Fri, 18 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3083/1/Payday-Loan-Canada Payday loans are the best bet for all your financial requirements, if you live in Canada. Buy that dream gift or throw up a big party bash even when you face mid month financial crunch as payday loan Canada would help you out. It is for all those who face the shortage of cash and the payday is still far away. With payday loans, one can easily cope up with short term cash requirements like paying up school fees or rent. The eligibility conditions are very easy and it is fast, convenient and reliable, too. If you have decided for no teletrack payday loans, then, all your cash requirements would be solved in no time.   Payday loan Canada is as easy and reliable as payday loan Toronto. You lend up with the money as soon as the lenders ascertain the eligibility requirements. It takes just a few hours to get the cash transferred to your account. You can borrow up to a limit of $1500 for a period of one or two weeks. While going for payday loans, you must remember that these are unsecured loans. If you fail to payback the loan debts in the fixed time duration, the repayment amount is likely to go up. It increases as the time lapses. So, one must ascertain his/her credibility before going in for payday loan. Though, one has the option to fall back upon payday debt consolidation.     Payday loan Canada comes with an added advantage of faster processing and the option to go in for debt consolidation offered by most of the lenders. You get a single repayment policy for all the debts through debt consolidation. Moreover, the repayment terms are easier, too. You have the option to opt for lower monthly payments over a longer period of time. It is the task of debt consolidators to find a repayment plan suited to your requirements and acceptable to the lending firms, too. In most instances, lenders do agree to the terms of debt consolidators. Or, they have their own policy on repayment for defaulters. Either way, it is the borrower who ends up winning. With payday loans in the offing, do not take trouble for cash requirements. Payday loan Canada is the safest and ultimate answer to short term cash requirements. Next time you face the heat of mid-month cash shortage, just go in for payday loans.         Payday loan canada comes with an added advantage of faster processing and the option to go in for debt consolidation offered by most of the lenders. For more information visit Payday loan consolidation. Samuel john Fri, 18 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3082/1/Get-Lowest-Rate-Of-Interest-With-Payday-Advance-Loans- Payday advance loan is started to help the customers in case of emergencies. They can approach the providers for a payday advance loan that they can pay on their next payday. With the loan they can meet their immediate requirement for cash.Payday loan is a loan given by providers to those customers who apply for immediate cash delivery. The loan will be given by taking a fixed interest from the customers. The interest usually depends on the providers.Speed Loans:If the customer can't wait for days to get the loan, it is better of he goes for a no fax payday loan. The loan will never demand a proof submission from the part of the customer. He can enter all the details in the application form submitted at the time of applying for the loan. How To Search For Payday Loans Providers?Payday loans providers are available at the stores and also at the web sites. In the store the customer can enter into a direct interaction with the provider. He can clear all the doubts. There he will be asked to submit the form. He has to give a check to the provider from his account. This is kept as a security for the cash by the provider. Payday loan online is applied with the help of the web sites. The application form is available online and the customers can fill in it after the request is being made. They can fax the documents in the name of the provider. Online payday loans can also come without asking for faxing of details. They are started to help the users to spare themselves from the necessity of faxing which is a time consuming task. Take Care Of:Users have to make sure that the data being transmitted within the web site is secured. This is extremely important as the personal data are vulnerable of leakage and the users can enter into trouble. The companies have to make sure that their security policies are not hacked any way. Customers also have to take care that, the companies they are approaching are legalized. They must be following the laws set by the government. This is to ensure secure cash dealings and that they won't be cheated in the future. Thus payday advance loan is mainly aimed at helping the users. But still then there can be cases of cheating. Users should understand this and act accordingly. They are the ones who have to ensure security in their transactions. Complete details regarding the providers have to be collected to ensure security.  Payday advance loan is started to help the customers in case of emergencies.With the loan they can meet their immediate requirement for cash. For more information visit payday loan consolidation. Samuel john Fri, 18 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/3080/1/Debt-Consolidation-Payday-Loan---Blessing-For-People-With-Bad-Credit- Debt consolidation payday loan is one of the best things that have happened in the loan industry. It is indeed a blessing for those who have monetary limitations or are facing bad credit situation. As per the current industry trends, loan seekers or those with urgent money needs are increasingly turning to payday loan for very bad credit in Canada. More and more people are choosing payday loans because of easy eligibility requirements, fast processing of the loan money and much more. You just need to present a valid citizenship certificate, monthly salary of $1000 and be 18 years of age. No sooner did your eligibility is ascertained, the loan money is transferred to your account. It hardly takes a few hours and is best for expenses ranging up to $1500. Pros Of ConsolidationAnother great advantage of these loans is that you need not to give any reasons for the loan. It saves unnecessary hassles. People prefer it as they can easily go for debt consolidation payday loan if they face a repayment crisis. If one fails to repay loan debts, he/she can easily vouch for payday loan debt consolidation. It requires merging all the debts into one and fixing up a single repayment policy for all the debts.  It is just like a saving guide to everyone facing debt repayment problems. With debt consolidation mortgage loan, you can also secure your mortgaged property. It is best when you have taken loan against a collateral security. It serves as a protection shield to those with crunch financial situation. Easy ProcedureWhile choosing debt consolidation payday loan, the borrower is free from any worries as the debt consolidators do everything from merging all the debts to working out a suitable repayment policy. With this the borrower gets the freedom to repay the debts over a longer period of time with a lesser amount of monthly payments. Payday loan Canada is the perfect answer for people with urgent money requirements of smaller amounts. Feel free to go for payday loans for a dream vacation or a gift for your loved ones. After all, debt consolidation is ready to help you out. Debt consolidation also saves any worsening of the credit worthiness of the borrower. Try it out and experience the wonder of your financial restraints easing up.         More and more people are choosing payday loan because of easy eligibility requirements, fast processing of the loan money and much more.For more information visit debt consolidation payday loans. Samuel john Fri, 18 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2965/1/Document-Scanning-Service-Helps-Your-Company-become-Paperless Rebate processing is a professional data scanning and management resource. Our experts will work with you to create a systematic plan to convert your information into a digital format for easy access. Data scanning is the process of taking paper documents and converting them to an image.   Our Data scanning service includes the following:   •           Image Scanning •           Document Scanning •           Drawing Scanning •           Large Format Scanning •           Film Scanning •           Full Text Optical Character Recognition (OCR) •           Digital Scanning Service •           Electronic File Conversion    By utilizing high speed scanners and advanced software, we provide superior quality document scanning service to support your organization's rebate programs.   Document scanning is the process of scanning paper documents, converting them to digital images that are then stored on CD, DVD, or other magnetic storage. With Microsoft Office Document Imaging, the scanned data can be saved in tagged image file format.   Document scanning is the new signal of opportunity for storing, retrieving and recovering important office documents. Take advantage of all of the benefits afforded to a business that employs the unique service of document scanning.   Benefits in utilizing document scanning service are as follows:   •      Document scanning service can greatly reduce storage space that is required for keeping paper copies •       The productivity of staff will increase using document scanning service because documents will be more easily located and accessed •       Document scanning service will reduce the headache of photocopy, fax, and mail transport •       Document scanning service will give your business a time and money advantage over competitors who do not take up such services.  Rebate processing has gained major experience in the rebate document scanning capture domain by working closely with manufacturers, retailers and service providers across diverse industries. Our Document Scanning Capture solutions increase efficiencies, and reduce costs, permitting clients to invest more of their time and budgets in their core business activities. For more information please visit www.outsourcingrebateprocessing.com Rajiv Patel Thu, 10 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2935/1/Car-loans Car Loans Choosing the right car for you can often take months of research, involving never-ending comparisons between different car manufacturers and their models. However when it comes to sorting out a car loan to buy that vehicle, would-be buyers often make strange mistakes. Study shows that although motorists spend much time and effort hunting local dealerships or the internet for the best price on a new or used vehicle, and will even bargain over an extra half a tank of petrol, they will sign up for the first car loan they are offered. The result can be expensive. One senior financial regulator has projected that more than 80% of used vehicles are bought on an Installment Plan, arranged by a dealer. They often end up shelling much more than the cheapest alternative car loan. So how can you sort through the many car loans available at your local bank or on the web? Here are some guidelines: Shop around. A car loan is definitely a better way of paying for your new car. However don't assume your local bank will offer you the best personal car loan - or that you can't get credit elsewhere.Make sure you know in advance what interest you will be paying for the vehicle. This will help you to budget and remember any deal will depend on your overall credit rating. When applying for a loan, think cautiously about the repayment period. The lengthier the loan period, the more interest you will be paying on your new car.Some loan providers are structured such that lower interest rates apply once the loan exceeds a certain level - $7,500 or $10,000 for example. After this level, the effective interest rate can drop quite significantly. So it is sometimes beneficial to take out a larger car loan to benefit from this.   ku sa Sat, 05 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2934/1/Car-loans Car Loans  When it comes to sorting out a car loan to buy that vehicle, would-be buyers often make strange mistakes. The result can be expensive. One senior financial regulator has projected that more than 80% of used vehicles are bought on an Installment Plan, arranged by a dealer. They often end up shelling much more than the cheapest alternative car loan. So how can you sort through the many car loans available at your local bank or on the web? Here are some guidelines: ku sa Sat, 05 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2933/1/Car-loans Car Loan:- When it comes to sorting out a car loan to buy that vehicle, would-be buyers often make strange mistakes. Study shows that although motorists spend much time and effort hunting local dealerships or the internet for the best price on a new or used vehicle, and will even bargain over an extra half a tank of petrol, they will sign up for the first car loan they are offered.. So how can you sort through the many car loans available at your local bank or on the web? Here are some guidelines:  ku sa Sat, 05 Jul 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2569/1/Beware-of-the-Warning-Signs-of-Too-Much-Debt Using credit and good debt can be very powerful to allow you to buy a home, a vehicle, or send your children to college, and provide leverage for other purchases. But if you accumulate too much debt, it can pose a serious debt issue. You should not let it happen to you because bad debt can bog you down and prevent you from reaching your financial goals. Keep yourself alert with the warning signs of too much debt as stated below, so that you can handle it as early as possible before it become too serious to address. Sign #1: Big Portion of Your Income Is Used To Pay Debt You are afford to pay the monthly due for your credit card and loan payment, but the debt payment has eaten up a big portion of your income. After paying down your debt, the money left is just enough for you monthly expenses, you do not have extra money for savings and other wealth creation plan for the future. Sign #2: You Do Not Have Savings For Financial Emergency Financial emergencies can come in the form of a job loss, medical expenses or auto repairs. If do not have extra money to save for any financial emergency needs because your income is used to pay your debt and cover your existing expenses. It can be a sign of too much debt that prevent you from having a savings. Sign #3: You Pay The Minimum Due Of Credit Card Balance Paying the minimum due of credit card balance is one of key factor that caused many people trapped into debt problem. If you tend to pay just the minimum due of your credit card balance, the rest of credit card debt will snowball to a bigger debt with new debt added by your credit card purchases and high interest rate charges. It is a clear sign that you will face debt trouble if you continue your spending behavior and no action being taken to resolve your debt. Sign #4: You Have At Least One Credit That Reaches The Maximum Credit Limit If you have paid your credit card balance, it will not reach to the maximum credit limit, unless your keep buying your credit cards and pay just the minimum because your income is not enough to cover your expenses. This type of spending behavior definitely will drag you into a debt trouble. If one of your credit cards reaches the maximum credit limit, you are at the high risk of facing debt trouble. Sign #5: You Use Cash Advances From Credit Card To Pay Bills You use your credit cards like ATM cards: withdraw cash advances to pay your bills. The use of cash advances to pay for bills shows that you have negative cash flow which your outgoing cash (spending) is more that your incoming cash (earnings). Cash advances carry high interest rate, it is a bad idea to use the cash advances to pay bills. If you have done so, it's a clear sign of too much debt. What You Need To If You See The Signs Of Too Much Debt? Takes Actions Now!! Don't let your debt snowball to bigger debt, until your financial can't afford to pay it. You should come with a budget plan and cut away those excessive expenses. Don't ignore the signs of too much debt; instead you must take action to bring your financial to a healthy level. Cornie Herring is an author who writes on various finance related topics. To find about pay off payday loan, debt management tips and other debt solutions visit http://www.debt-consolidation-1stop.info. Cornie Herring Sun, 11 May 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2537/1/Home-Loans-And-Home-Refinance-Options Many different mortgage products make for a diversity of home loan and home refinance options.  For you as a consumer faced with making this important life decision, it helps to know what the basic options are so that you can evaluate which product suits your needs most closely.   Access National Tue, 06 May 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2511/1/A-Better-Answer-To-Debt-Management%3A-Debt-Consolidation High interest debts are unwieldy and hard to manage.  Nevertheless, the U.S. has more high interest credit card debt today than ever before.  Access National Fri, 02 May 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2438/1/-Advantages-of-Inventory-reconciliation-Management Inventory management refers to the procedure of organization the stocks of finished products and supplies by a compact. Inventory management, if done accurately, can transport down expenses and increase the profits of a compact.  Not a substance what the business size it must administer many fixed assets, types of assets, quickly changing asset bases, many locations, and ever-changing tax laws and requirements. Fixed asset inventory software can also reduce encumber of fixed asset reduction calculations for financial and tax exposure, asset inventory tracking and reconciliation services, and private property tax filings.  Inventory management software has an amplified business on the web, following the importunate increase and achievement of e-commerce. Inventory management software helps administer inventory from any location in the world. Inventory management software is perfect for business. Inventory management software correspondences are designed for inventory control. The software makes easy the making of an account, and inventory control, stock balance management, goods item direction. Our Accounting Services, a company leader in this area of specialty, can provide to the demanding supplies of global customers in Inventory management.  Inventory management software solution packages: QuickBooks Peachtree Sage Line 50 Quicken MYOB IRIS La Certe Pro Tax Inventory software can create the assignment of fixed asset managing easier from achievement through removal. Software such as this eliminates superfluous data entry, enhances accurateness, and reduces costs over handbook tracking of fixed assets. There is inventory software accessible from the essential system of normal barcodes to the more complicated long range asset management. Some business offer inventory software on the internet.  As well there are businesses for appoint that will approach. Using complicated devices for gathering of data, our inventory management team captures asset attributes professionally at the point of entry. This ensures benefit information in detail, and accurateness. James Lee Tue, 22 Apr 2008 00:00:00 EEST http://www.pandoras-archive.com/articles/2295/1/Tips-for-Future-Retirement-Financial-Planning After retirement there are the most thing activities Financial Planning will acquire. If you don't know where the money is coming from once you have established working, you won't have a very pleasurable life. Retirement from the any services which is makes considerable changes in employee's life style. Different Occupations have different retirement ages. There are many reasons behind the employee's leaving the jobs. There are many person get so caught up in the hustle and bustle of their daily lives that they don't even consider having a retirement plan until it is too late. This is the main reason to lack of financial planning behind it. Employees must need to start planning for this important thing. Now in these days, there are many finance company interested to help to employee for their retirement plan thru different choices. And also it gives much opportunity to give you seminar for more information on this area. Because of financial company has made research and make database for it and gathering sophisticated data. These all companies have a lot of idea behind employees retirement planning. And finally, we hope these article will give you more finance technique, more investment criteria and tips for financial planning. We hope your future after retirement is bright and your remaining golden year pass with enjoy.   About Company: Bookkeeping services India Company is individual professional bookkeeping business which support different accounting and financial services such as account payable, account receivable, bank reconciliation, accounting software and essential financial planning and accurate financial statements that is useful for new and small/middle level business. Bookkeeping Services Sat, 29 Mar 2008 00:00:00 EET http://www.pandoras-archive.com/articles/2181/1/A-WORK-AT-HOME-SUCCESS-STORY---HOW-I-MADE-%24400%2C000-WITHIN-180-DAYS I know what you are feeling right now, you are living in a 'world of debt' and you cannot get out. Am I right. I felt the same way myself not long ago. I was living paycheck to paycheck with credit card debt and other bills slowing destroying me. But when a good friend of mine emailed me this information, I found myself actually making a steady income. Dr. Justin S. Nobles Fri, 07 Mar 2008 00:00:00 EET http://www.pandoras-archive.com/articles/2143/1/Fuel-For-Your-Business-Success May I ask a question if you do not mind…? What does your business mean to you? Please choose an honest answer. - Making a living. - Freedom from job - Realization of your dreams. - All of the above F amar pawar Tue, 26 Feb 2008 00:00:00 EET http://www.pandoras-archive.com/articles/2094/1/9-Ways-to-Make-Money-On-line Are you making money hand over fist with your website? If you are then you don't need to bother reading this article because it is not for you. If you are like most of us your website sales are slow and unpredictable and you need to think of new ways to make money online without taking more time and effort. All of your time should be dedicated to producing your product, right? Well, here are just a few ways to make a little bit or a lot of money online without any effort. Sunil Verma Fri, 15 Feb 2008 00:00:00 EET http://www.pandoras-archive.com/articles/1783/1/Claim-back-unfair-Bank-%26-Credit-Card-charges Bank Charges are one of the major sources of income for banks. All banks impose charges on certain failed transactions e.g. a bounced cheque, exceeding overdraft limits, returned direct debits etc. Indeed, banks are allowed to impose charges that reflect the amount of work undertaken by administrative staff in certain situations such as customers going into the red or handling a  cheque which cannot be cleared due to insufficient funds in the account. If a cheque or direct debit has to be returned, the bank can charge for the cost of this process. However, any such charge must be reasonable. Banks who regularly impose hefty charges between £25.00-35.00 on a customer who is £1.00 overdrawn cannot be said to be acting fairly. The Office of Fair Trading (OFT) declared that these charges were unfair and unreasonable.  It is a scandal and many have called it  daylight robbery.  Banks when asked to produce documents justifying the charges have failed to do so. However, it is likely that the banks will have gathered some ammunition to produce at the High Court in the test case on bank charges in January 2008. The test case relates only to current accounts and not business accounts. The brutal truth is that unfair bank penalty charges have been imposed on millions of people. It has been a merciless punishment on people who may have simply overlooked their current account status or had a late payment of wages. Excessive charging has resulted in many people getting into debt which also has drastic consequences in credit ratings.The High Court will no doubt be asked to consider whether the charges are fair. The penalties which can be imposed, and which no doubt may be in the individual contract between customer and bank, relate to a range of services following troublesome banking. However, the OFT's investigation confirmed that banks were imposing illegal and unfair charges.  It is widely thought that the High Court will rule in favour of the customer.Recent research has suggested that about 41 per cent of people do not know the interest rates applicable to an unauthorised overdraft. Many more have simply swallowed the hefty charges imposed on them without even a letter of complaint or fight.  It is also worth noting that 19 per cent of people are always overdrawn. These surveys also show that overdraft charges of £4.7 billion were paid by 43 per cent of current account holders last year. Credit Card / Store Card Charges With the increasing popularity of advantages associated with credit cards and store cards, almost all banks and big store chains have come out with their own cards for people to shop, withdraw cash and purchase online. The British enjoy paying by plastic and the trend to purchase on credit will continue for quite some time. However, there is a price to pay for such short term financial cushion. Credit card companies and banks charge grossly handsome penalties when  customers fail to make their minimum repayments by the due date. Many card providers charge annual fees in the subsequent years although there may have been a  waiver of such a fee  in the previous year. High interest rates are also imposed when someone goes beyond the allowed limit. The Office of Fair Trading found that the charges imposed on credit charges were also unfair and unreasonable. It was a long battle but the victory was an important one for the consumer. Credit card charges can be reclaimed and  it is worth remembering that the High Court test case will only focus on bank current accounts and does not affect credit card or loan charges. How to Claim them back There is no doubt that these charges result in many people heading into more debt and finding themselves in a helpless position. Single parents, pensioners, students and hardworking people in general suffer greatly. The charges can add up very quickly over the years and can amount to thousands of pounds. If you feel that you have been unfairly charged by your bank then you can claim yourself or seek some professional help. When trying to get the right amount of compensation it is always worth seeking guidance and allowing skilled representatives to handle the entire claims process.  Dealing with bank letters and fighting for the correct compensation takes up time and effort. Such energies are often spent on earning a living and looking after the family. People will often be told that a simple letter of complaint to a bank will get you the desired result. It is not always so straightforward. Some banks are familiar with standard complaint letters and will often reject complaints. Compliance officers are employed by banks to defend claims. Often, if the banks do decide to compensate, there may a payment as a 'gesture of goodwill'. Accepting such offers is simply giving the bank the upper hand. Customers deserve to have all of their charges refunded with the proper interest. The Financial Ombudsman Service (FOS) which deals with rejected claims does not help on how to present a claim. How a case is put is very much down to the individual. The FOS will simply assess a claim on the arguments it is presented with. In such cases, it is always worth getting professional help when fighting large financial giants for compensation. Claiming against your bank will not result in your account being closed. Under  section 14 of The Banking Code, the Standards Board advised banks "to ensure that they do not make a disproportionate response to  customers claiming back these 'default' fees and treat the customers sympathetically and positively.' Furthermore, any threat to close an account would be contrary to the Financial Services Authority's (FSA) principles on treating customers fairly (TCF). Specialist organisations fearlessly fight on the behalf of the consumer to claim back excessive penalty charges. Complaint letters will be carefully drafted and may include legal precedents which help in the battle to get the right amount of money. The workload involved in tackling bank and credit card companies is substantial. Dealing with phone calls, rejection letters, drafting statements of claim, taking rejected claims to the FOS and calculating correct compensation is a meticulous process.  Specialist compensation firms also have useful contacts such as Solicitors and Barristers who can assist and advise on any complex areas. Such specialist firms also can help with all other types of unreasonable charges. As well as helping reclaim bank account charges for both current and business accounts for the last 6 years, there can also be claims for reclaiming credit card charges, mortgage exit fees, mortgage arrear fees, Payment Protection Insurance (PPI) and other penalty charges. Most compensation specialists are registered with the Information Commissioner which means that they abide by Date Protection rules. This provides a safe secure environment for your confidential information and one can rest assured that information will not be passed to third parties without consent. The majority of firms handling such claims for compensation operate on a no win no fee basis.  If successful, the firms charge a percentage of the compensation won and this will or will not include VAT. These firms will only charge you for their services once they have successfully claimed back from the bank on your behalf. In the event that the firm fails to get back anything from the bank (though chances are very low) you will not be charged a single penny. There is nothing to lose and plenty to gain. JSK CLAIMS is a UK based compensation specialist handling claims for reclaiming unfair bank charges, unreasonable credit card charges, store card charges, PPI claims, bank penalty, penalty charges, mortgage arrear charges and mortgage exit fees. Unbeatable 10% NO WIN NO FEE.   karan singh Thu, 06 Dec 2007 00:00:00 EET http://www.pandoras-archive.com/articles/1543/1/The-Other-Shoe-Has-Dropped%85First-The-Subprime-Market%85Now-Bernanke-Looks-At-Fannie-Mae-%26-Freddie-Mac With the market still feeling the shakeout from the tremors of the subprime mortgage fiasco, the Federal Reserve Chairman Ben Bernanke is now directing regulatory focus towards Fannie Mae and Freddie Mac. The Chairman recognizing the tremendous power of these two financial heavy weights as having the potential to bring the U.S. financial markets to its knees is looking for action. Fannie Mae and Freddie Mac (Government Sponsored Enterprises) have been recently chided by regulators regarding its cloudy accounting practices. That brought a lot of heat and attention to management. Comments by Bernanke with respect to the risk of some of credit challenged loans in the portfolios have mirrored a stock marked spooked by the comments and closely looking for future trends in that area. Recent stock plunges worldwide resulting in downturns has got the financial gurus on the edge of their chairs. Dale Rogers Fri, 09 Mar 2007 00:00:00 EET http://www.pandoras-archive.com/articles/1495/1/Outrageously-Low-Real-Estate-Offers-Are-Now-Getting-A-Second-Look-From-Sellers-and-Lenders "Knock, knock, who's there?" The door opens and no one is there. Bumps in the night are confused with buyers wanting to get in to see a home for sale. Where have all the buyer's gone? With foreclosure rates up approximately 42% over 2005 the housing inventories on the market are bloated. Many Real Estate Boards across the America running out of lock boxes to put on homes due to slow sales. Dale Rogers Tue, 06 Feb 2007 00:00:00 EET http://www.pandoras-archive.com/articles/1483/1/Business-Overhead-Expense-Insurance-%96-Do-I-need-it%3F A business overhead expense ("BOE") disability policy will cover the ongoing operating expenses of your practice.  It ensures that you do not have to use personal assets to pay for business expenses if you become disabled. andy puls Fri, 26 Jan 2007 00:00:00 EET http://www.pandoras-archive.com/articles/1471/1/The-Mark-Is-Selected%85The-Fix-Is-In%85Sting-Underway A passerby walking down the street discovers a wallet beside a stranger and it just so happens to be packed with wads of cash. The newfound friend proposes splitting the cash if the owner can't be found. Then there is the bank "examiner" who calls a bank customer with an appeal to catch a dishonest teller. All the mark has to do is make a withdrawal to affect the capture of this teller putting her money and all the other bank customers at risk. We can't forget the urgent online appeals on the Internet from a far foreign land where help is needed from the mark to move millions from offshore banks to a U.S. account with the only thing required is a good faith deposit to make it all happen. Yes greed and promises of massive rewards do play a part in all these schemes. Everyone is looking for a good deal that works out at a big profit. Some are legitimate deals and some are schemes. If it looks too good to be true, it probably is. Dale Rogers Fri, 19 Jan 2007 00:00:00 EET http://www.pandoras-archive.com/articles/1435/1/How-To-Create-Your-Own-Emergency-Fund%3F Do unexpected car repairs, quarterly insurance payments or unexpected medical bills find you hard pressed to squeeze even one more dollar out of an already stretched monthly budget? These are inevitable expenses and sometimes can put you under a stress condition when you need the cash to pay for these emergencies and unexpected expenses. But if you learn to budget for these emergencies events and save in advance, you will be at a better position to handle them. Like most of Americans, you may stretch your income to cover the regular monthly expenses, and always choose to ignore or not to think about the brakes that are getting spongy or the plumbing that's beginning to make strange noises. And you end up a surge on your monthly expenses when the brakes wear off and the plumbing break out. Planning and saving for those events can help prevent an ordinary life from turning into a crisis and can also cut down dependence on credit cards. Not having savings is a major reason people get into debt. Here are some steps to help you get started to plan for your emergency fund, the "Saving" fund which will help you prevent financial disaster. 1. Identify your irregular expenses Analyze your pass credit card statement and checking account registers to identify your irregular expenses occur throughout the year. Examples of these irregular expenses are property taxes, insurance premiums, vacations, car tune-ups, holidays and birthdays. List down in a piece of paper all the expenses which are not spent in monthly basis. 2. Write the anticipated amount on the calendar In most of cases such as insurance premium and property taxes, you will know when the expenses are due to occur. And for those unknown cases such as car repair and plumping repair cost, try to anticipate their expenses and list them somewhat earlier than you actually expect them to come up. Be sure to update your calendar as you discover more expenses. 3. Plan-in the non-monthly expenses into your monthly spending Based on the foreseen amount and anticipated amount that are captured on your calendar, plan ahead your non-monthly expenses into your monthly spending. For example, you know that your car insurance is going to due on May, set aside small amount of your money for this purpose starting on February. And when May rolls around you can transfer the expense to your spending plan and have money available to pay it. Setting aside even a few dollars each month for foreseeable expenses can prevent larger money woes ahead. Sometimes, you may find it hard to set aside some extra money from your monthly income; but remember, repairing your car or paying your insurance is not optional expenses and you need to spend it soon or later. So you need to find a way to reduce your monthly expenses so that some money can set aside for emergency fund. You may need to track your spending; then, reduce or cut the optional expenses such as entertainment, dinner at restaurant and other impulse purchase, the money save from those optional expense can be put into your emergency fund. In Summary One of the mistakes people make when trying to get their finances under control is not having an emergency fund on their savings account. The problem is that if you don't have money set aside for those unavoidable bills, you inevitably end up adding to your credit card balance to cover the difference. The bottom line is to start today. It may be discouraging at first if you find that you don't have enough money to fully fund your emergency fund, but you'll begin to succeed the minute you start the process. Cornie Herring is the Author from http://www.StudyKiosk.com. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt solutions and bankruptcy. Cornie Herring Tue, 26 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1434/1/An-Easy-Way-To-Eliminate-Your-Credit-Card-Debt There are millions of Americans out there who have paid off heavy credit card debt, and you may be one of them. To get rid of credit card debt, it won't be enough, however, to just make minimum monthly payments. In fact, you just need to do a little more than just paying the minimum monthly payments; you can save thousand of interests and shorten many years in settling your credit card debt. To give you a better picture how it work, let use a case study to elaborate the solution. Case Study: A friend of mine asked me to take a look at her monthly credit card statement; according to her, she has stopped using this credit card and try to pay it off, but feels like she isn't getting anywhere. The credit card statement record shows her balance is $5218.00 and she is paying 18% of interest; and she is paying the minimum payment at 3.5% or $10 whichever is higher. Like many who confuse with financial matters, she thinks that as long as she stops using the card and by just paying the minimum of monthly balance, her credit card debt will be cleared soon. The Calculation Result: If she has stopped using this credit card, and if she continues to make the minimum required monthly payment, as she has been, based on the way her bank calculates her minimum required monthly payment. It will take her 181 months to pay off her current credit card balance of $5,218.00 and she will pay a total of $3762.35 in interest. In other words, if she continues doing what she has been doing. It will take her 15 years and cost her $8980.35 to pay off her $5218.00 credit card balance. No wonder she feels like she is not getting anywhere. So, what should she do? Actually, it quit simple, if she able to pay the minimum payment of $5,218.00, which is $181.37, which means this is her affordable amount. Instead of paying the minimum payment as defined by the credit card company, she continues to pay $181.37 from now on. As the result, she will pay off this credit card in 43 months instead of 181 months and she will pay $1635.45 in interest instead of $3762.35 in interest, saving $2126.90 in interest charges. See the different? What she can more? If she really wants to go for it, she could increase the amount of her "new" self-imposed minimum required monthly payment. For example, if she were to start paying an additional $18.63 a month for a total of $200.00 a month. She will pay off this credit card in 34 months instead of 181 months and she will pay $1428.30 in interest instead of $3762.35 in interest, saving $2334.05 in interest charges. If she were to start paying an additional $68.63 a month for a total of $250.00 a month, she will pay off this credit card in 26 months instead of 181 months and she will pay $1071.09 in interest instead of $3762.35 in interest, saving $2691.26 in interest charges. If she really wants to eliminate her credit card debt as soon as possible and her financial is able to support it, she could double the amount of her "new" self-imposed minimum required monthly payment. If she were to start paying $362.74 a month instead of $181.37 a month, she could pay off her credit card balance in 17 months. In Summary There are a number of things she could do, but this is one of the simplest and it's something she can start doing right now to begin eliminating her credit card debt. You can do the same to start eliminate your credit card debt. If all you do is stop charging on your credit card and continue making the same minimum required monthly payment you will be making on your credit card this month, every month from now on, you will make significant progress towards totally eliminating your credit card debt once and for all. Cornie Herring is the Author from http://www.StudyKiosk.com. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. Cornie Herring Mon, 25 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1424/1/Tapped-Out-Local-Real-Estate-Values-Force-Many-Investors-To-Look-Elsewhere In some areas of the country it is getting more and more difficult to find values that make sense for investment. Further complicating returns are accelerating taxes and insurance. Laying this all over an investment scenario margins are thin or non-existent. Long term appreciation in these tapped out areas is the only way to recognize any type of return but the property may need to be fed cash every year and that is not a pretty picture. The rents lag the necessary number to make the property feasible. With some cooling markets, the rapid appreciation of values may not be there to make those properties worthy of consideration. Like many other competing investments other areas are combed for values. Warren Buffet looks high and low for investments in the U.S. as well as offshore to give shareholders the often anticipated return on their investment. For the moment let's assume an investor is somewhat less in net worth than Mr. Buffet.  If there is money available, perhaps other areas could be examined for potential targets of your investment dollars. Dale Rogers Fri, 22 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1423/1/Tapped-Out-Local-Real-Estate-Values-Force-Many-Investors-To-Look-Elsewhere In some areas of the country it is getting more and more difficult to find values that make sense for investment. Further complicating returns are accelerating taxes and insurance. Laying this all over an investment scenario margins are thin or non-existent. Long term appreciation in these tapped out areas is the only way to recognize any type of return but the property may need to be fed cash every year and that is not a pretty picture. The rents lag the necessary number to make the property feasible. With some cooling markets, the rapid appreciation of values may not be there to make those properties worthy of consideration. Like many other competing investments other areas are combed for values. Warren Buffet looks high and low for investments in the U.S. as well as offshore to give shareholders the often anticipated return on their investment. For the moment let's assume an investor is somewhat less in net worth than Mr. Buffet.  If there is money available, perhaps other areas could be examined for potential targets of your investment dollars. Dale Rogers Fri, 22 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1422/1/Tapped-Out-Local-Real-Estate-Values-Force-Many-Investors-To-Look-Elsewhere In some areas of the country it is getting more and more difficult to find values that make sense for investment. Further complicating returns are accelerating taxes and insurance. Laying this all over an investment scenario margins are thin or non-existent. Long term appreciation in these tapped out areas is the only way to recognize any type of return but the property may need to be fed cash every year and that is not a pretty picture. The rents lag the necessary number to make the property feasible. With some cooling markets, the rapid appreciation of values may not be there to make those properties worthy of consideration. Like many other competing investments other areas are combed for values. Warren Buffet looks high and low for investments in the U.S. as well as offshore to give shareholders the often anticipated return on their investment. For the moment let's assume an investor is somewhat less in net worth than Mr. Buffet.  If there is money available, perhaps other areas could be examined for potential targets of your investment dollars. Dale Rogers Fri, 22 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1394/1/Are-You-Allow-To-Keep-Your-Credit-Cards-In-A-Bankruptcy%3F Many bankruptcy filers are wondering whether they are entitled to keep one or several credit cards for emergencies backup. In general, you may not because your credit cards will be cancelled regardless, since you file the bankruptcy. The credit card issuers tend to punish their card holders for filling any kind of bankruptcy; in most cases, the credit cards of bankruptcy filers will be terminated once they file for a bankruptcy. But there are some exemptions where terms and conditions will be applied to enable the bankruptcy filers to continue holding their credit cards. There are some exceptions applicable only to chapter 7 bankruptcy filers. Some credit card's issuers will allow you to keep your credit card but with a sized down credit limit, and in return you need to repay them for some of your debts. In fact, some companies will automatically send you or your attorney a proposed reaffirmation agreement, a contract between you and your creditor that you will pay all or a portion of the money owed, despite the bankruptcy filing, in exchange for a minimal amount of new credit. Beside the sized down credit limit, a chapter 7 bankruptcy filers may allow to keep their credit cards by some of their card issuers but the interest rate will be revised to a higher than the normal interest rate. But, if you can always pay your credit balance in full each month, you will never incur a finance charge, and the high interest rate won't hurt you. Other than chapter 7 bankruptcy filers, all credit cards must be given up at the filling of bankruptcy. However, there are credit card holders who have maintained their credit cards at zero balance for a long period of time do not report their credit cards during the filing. This action can be considered illegal since in effect your preference on one creditor (your credit card issuer) over other creditors, because repayment ordination is a trustee job. If you are not eligible to file under chapter 7 or even you are filling under chapter 7 but you didn't manage to get approval from your credit card issuers to keep your credit cards, the best thing is report all your credit cards and give them up. In most cases, your need to wait until the bankruptcy filing has cleared and then work with a debt management consultant to rebuilt your credit step by step. Of course, in the months and years after the bankruptcy filling, you may not be eligible for top-tier or even middle-tier credit cards. But with some efforts and fiscal strategy such pay your monthly credit balance in full and on schedule will help you to rebuilt your good credit record and you can begin to erase the stigma of the bankruptcy; and eventually put you back in the realm of good to high credit score. In Summary In most cases, bankruptcy filers need to give up their credit cards. But, there are exceptions for bankruptcy filers in chapter 7, the debtors who file their bankruptcy under chapter 7 may allow to keep their credit cards with some terms and conditions. Cornie Herring is the Author from http://www.StudyKiosk.com. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. To see recommended bankruptcy attorneys, visit: Recommended Bankruptcy Attorneys Cornie Herring Tue, 19 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1392/1/How-To-Use-Your-Equity-Smartly Equity is the value of your home at current market value after deducting the outstanding mortgage on your home, which is what you would have left over in the event that you sold your property at market value and repaid your outstanding mortgage. Home equity is built over time; as equity builds, you create a pool of money which your can utilize it later for many purposes. In general, it is unadvisable to spend your equity money on things that do not give you ROI (return on investment) such as frivolous vacations. Use your home equity to clear your bad debts is actually a type of spending on your equity money. You could avoid yourself from trapping into debts by carefully plan your budget and spend with what you earn. A smarter way of using your equity is use it to grow your equity further, spend on things that will bring you ROI. Ways to use your equity smartly include: Start Your Own Business You can use your home equity to borrow a low interest loan to generate the capital necessary to start your own business. Just be sure that you have a sound business plan in mind and that you have other safety cushions in place. During the initial stage of your own business, you could maintain your reliable first income stream (to protect you against any cash problems) while working to bring your own business up to the stage. Home Improvement A better home condition will increase your home's resale value. Hence you can dip into your equity to generate funds for home improvement. Your home improvement project will improve your home condition and provide you with a more comfortable living, and you could get a higher resale price whenever you want to sell it. But remember that not all home improvement projects will contribute equally to your homes resale value. Children Education Growing equity is a great way to generate fund for your children education needs. You can get loan against your home equity for your children educational needs. Using your equity to invest on your children education will get them a brighter future and at a better position to compete in the challenging job market. Improve Your FICO Score Debt is unavoidable for many people as long as we have credit cards, mortgage or car, but you could prevent yourself from trapping into bad debts condition by carefully planning your budget and spending with your financial affordability. Instead, your equity can help you to improve your FICO score. By paying off creditors, you can improve your FICO score and potentially qualify for a lower refinancing rate. To make the most out of this process, know your interest rates, for both savings and debts. You can get help from expert such as an accountant to help you with the calculations. With so many rate variables in play, its easy to get confused about how to consolidate, how to pick the right term for your home equity loan, and how much to allocate to savings and how much to allocate to payments. In Summary Home equity is the money you have put down against the principal of your house as a savings account, be aware that if you fail to budget effectively and over draw your equity. You could lose your house, wind up in credit trouble, or even have to file for bankruptcy. Hence, use your equity smartly is a great way to pursue your wealth building. Cornie Herring is the Author from http://www.StudyKiosk.com. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. Cornie Herring Mon, 18 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1389/1/Can-You-Choose-the-Type-Of-Bankruptcy-Filling%3F In general, you can choose the type of bankruptcy for filling, under certain circumstances you may only eligible for certain type of bankruptcy filling. In most cases, debtors will choose chapter 7 for filling because it's fast, effective, easy to file, and doesn't require payments over time. Chapter 7 bankruptcy usually takes the least time to complete. Other common types of bankruptcy filling include chapter 12 and chapter 13. Yes, you can choose the type of bankrupt filling but you may not eligible for it. Let see the criteria of filling for a few common bankruptcy types. Bankruptcy - Chapter 12 If you are a farmer or a fisherman, for instance, you may consider chapter 12 filing. Chapter 12 bankruptcy filling is tailored for "family farmers" or "family fishermen" with "regular annual income". It is more streamlined, less complicated, and less expensive than chapter 11 (bankruptcy filling for large corporate reorganization). Chapter 12 has allowance for situations in which family farmers or fishermen have income that is seasonal in nature. Thus, debtors with seasonal income will find it to be advantageous to file their bankruptcy under chapter 12. In additional, Relief under chapter 12 is voluntary, and only the debtor may file a petition under the chapter. Bankruptcy - Chapter 7 Beside the farmer and fishermen, most ordinary debtors will choose chapter 7 as their bankruptcy filling type. The key factors of the popularity of this bankruptcy type are it does not need payments over time, easy to file and less expensive. However not every persons who are seeking of getting debt free by filling bankruptcy will be eligible to file under chapter 7. To be eligible for chapter 7 bankruptcy filling, you must meet the below criteria: You must pass the median income test: You calculated average income must not more than the median income for your state (You can find the median income by state information from www .usdoj.gov/ust; click the Mean Testing Information). If you failed the median income test, you second chance for chapter 7 filling is on mean test: Mean test is calculated based on your disposable income. To get your disposable income, calculate your average monthly income as describe in above paragraph. From that amount, subtract your allowed expenses (stated in IRS) and monthly payments you will have to make on secured and priority debts. If your monthly disposable income after subtracting these amounts is less than $100, you pass the means test, and will be allowed to file for Chapter 7. Bankruptcy - Chapter 13 You will be forced to file your bankruptcy under chapter 13 if you are not eligible for chapter 7. Or if you have file bankruptcy before under chapter 7, then you need to go for chapter 13 for second bankruptcy filling. Chapter 13, which has also been known as a wage earner's plan, is an interest-free repayment plan where a debtor repays at least some of his or her unsecured debts with regular payments over five years. In chapter 7 filling, debtors need to liquidate their assets to pay to their creditors (creditors will share the amount from the liquidation); whereas, the debtor generally can continue to live in his or her home so long as the debtor complies with the terms of the Chapter 13 arrangement. This is one of the advantages of chapter 13 over chapter 7 bankruptcy filling. In Summary If bankruptcy is your ultimate option to get out of debts, you can choose the bankruptcy type to be file against, but you may not eligible for the bankruptcy type of your choice if you do not meet the required criteria. The best way to confirm it is check with bankruptcy attorney on which bankruptcy type you are eligible for. Cornie Herring is the Author from http://www.StudyKiosk.com. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. Cornie Herring Sun, 17 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1381/1/A-Thief-Is-A-Thief%85Wrapped-In-Electronic-Sheep%92s-Skin%85Just-The-Same%85A-Thief Credit card thieves had found a wrinkle around that by giving the cardholder a feeling of comfort using a slight of hand. This allows the thief time to run the card up. Rationalization abounds in this act. Acting in concert, the card is lifted and either sold for cash or used by the thief. These thieves clothed in electronic sheep's skin are giving sheep and wolves a bad rap. Keep in mind, this is not the worse of it. If a cardholder is not able to pay the money back then the credit scores plummet and years of endless explanations on this event are in store for this innocent party. In all cases, a police report needs to be filed in every instance. In these cases the thief is an outside party. In many cases, it is someone close to the family and a police report is not filed as to protect the family member, but alas the credit gets hammered again. The focus of this article is on outside perpetrators of credit card crime. Keep your cards safe otherwise risk a meltdown on your credit scores and credit history. Dale Rogers Fri, 15 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1372/1/6-Steps-to-Take-before-Bankruptcy If you currently have unbearable debts and thinking of wipe it off from your statement by declaring bankruptcy; Just on-hold your decision for a while, there may be other options available. Try to improve your situation before you investigate the bankruptcy option. No matter which way you go, evaluate the 5 steps below to see if you could avoid taking that drastic step. 1. Detail out all your debts First, look at all your secured debts such as mortgage and car loan. How much are the repayment for each month? What are the interest rates? Then, list down all the fixed expenses such as power, phone, insurance, food, etc. What are the total costs for these expenses? Follow by examining your credit card debts. Take out all your credit card statement and write down the amount you owe for each card and their interest rate. Finally, write down all your other expandable; these are your optional expenses such as entertainment, gym, membership, dinners at restaurant and other impulsive purchase. 2. Eliminate the unnecessary expenses Now you should have a better idea on where your money goes; Make a diet plan on your cash; In your Cash Diet Plan, list down all the your savings from the elimination of the optional expenses. You will be surprise that how much money you can save by carefully control your expenses. The money you saved can be used to pay down your debts. 3. Get your family involve and work as a team Don't do it alone because under such as stress condition, you may out of control and may not think and plan in clear mind; get your family together and let them know your financial problem and have them to work together to control the household spending and eliminate the unnecessary expenses. 4. Cash out with your assets If you have equity, you are in a better situation because you could refinance or get a secured loan for pay off your debts. If you are looking for bankruptcy as your debt relief options, your may not have any equity in hand already. But equity is not the only asset; many people tend to forget that things that have cash value, but not sentimental value. Think antiques, old clothes or collectibles. List down all the assets you own which your can sell and cash out. Check the closets, garage and storage locker, she says, "and find out what you can live without". Then, cash them out through garage sales, eBay or consignment shops. Use the money to pay down your debts as much as possible. 5. Go for consumer counseling service Arrange an appointment with a credit counseling agency and let the counselor to understand your finance situation and draft a budget for you. Review the debt management plan proposed to you before your sign to enroll into the plan. You may get a few plans from other credit counseling agencies for comparison. Choose the one which best suit your current financial needs. Although a debt-management plan can have a negative impact on your credit, it's better than bankruptcy. 6. Get A second or part time job Utilize your out-of-work time on second or part time job. Although you may not earn much in your part time job, a little money coming in can keep a bad financial situation from getting worse. Summary Bankruptcy may be your easy way out from debts but the consequences may follow you for 7 to 10 years. Always look for other alternative before choose for this dramatic options. Cornie Herring is the Author from "StudyKiosk-Credit Basics"- http://www.studykiosk.com/creditbasics. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. Cornie Herring Tue, 12 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1369/1/Simple-Check-to-Test-Your-Eligibility-for-Filling-Chapter-7-Bankruptcy Most people who file for bankruptcy choose Chapter 7 instead of Chapter 13 because it's fast, effective, easy to file, and doesn't require payments over time. Chapter 7 bankruptcy usually takes the least time to complete. The process is over in about 4 to 6 months, commonly requiring only one trip to the courthouse by the person filing for bankruptcy to emerge debt-free. However not every persons who are seeking of getting debt free by filling bankruptcy will be eligible to file under chapter 7. If you remaining income after subtracting what you will spend on certain allowed expenses and monthly payments for child support, tax debts, secured debts such as a mortgage or car loan, and a few other types of debts is sufficient to support the payment under chapter 13 repayment plan, then, you will not allow to file bankruptcy under chapter 7. Check Your Eligibility Criteria The first step to check your eligibility of filling chapter 7 bankruptcy is to measure your average income for past six months against the median income for a family of your size in your state. Once you have calculated your income, compare it to the median income for your state (You can find the median income by state information from www .usdoj.gov/ust; click the Mean Testing Information). If your calculated average income is less than or equal to the median income of your state, you can file under chapter 7 bankruptcy, else you need to go through another eligibility test, called "Mean Test". The "Mean Test" based on the outcome from calculated disposable income. To get your disposable income, calculate your average monthly income as describe in above paragraph. From that amount, you subtract both of the following: Certain allowed expenses such as clothing, transportation, food and so on; in amounts set by the IRS (Note that this amount may be lower than your actual spending). Monthly payments you will have to make on secured and priority debts. Secured debts such as mortgage and/or car loan; priority debts include child support, alimony, tax debts, and wages owed to employees.If your total monthly disposable income after subtracting these amounts is less than $100, you pass the means test, and will be allowed to file for Chapter 7. If your total disposable income is more than $166.66 then your will automatically force to Chapter 13 unless your have a solid reason with proven facts that you are facing a special circumstances that aren't reflected in the calculations above. You may be allowed to file under chapter 7, but this is a case by case basic. What if you disposable income fall in between $100 and $166.66? If your disposable income is in this range, you must figure out whether what you have left over is enough to pay more than 25% of your unsecured, non priority debts such as credit cards, student loans and medical bills. If not, you pass the means test, and Chapter 7 remains an option else you have flunked the means test, and will be prohibited from using Chapter 7. Summary You may like most of people prefer to fill the bankruptcy (if this is the option left for debt free) under chapter 7, because it doesn't require you to repay any portion of your debts, as Chapter 13 does. But first thing is your must be eligible and meet the requirement for chapter 7 to opt for this option. Cornie Herring is the Author from "StudyKiosk-Credit Basics"- www.studykiosk.com/creditbasics. "StudyKiosk-Credit Basics" is an informational website on credit basics, debt consolidation and bankruptcy. Cornie Herring Mon, 11 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1365/1/How-to-budget-your-money-for-debt-relief Creating a budget can help you to achieve debt elimination and get you out of debt. In fact it is not a difficult process. You need a piece of paper, a pen, copies of your bills and expenses, and a little time and determination. And to do it successfully requires you to set up a budget which you can live with, adjusting it as needed and follow it. Cornie Herring Sun, 10 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1364/1/So-You-Agreed-To-Take-A-Seller-Held-2nd-Mortgage-To-Help-Sell-Your-Property%85Now-What%3F Many buyers who have jobs and means to make monthly housing expenses have for what ever reasons have lousy credit. Sometimes bad things happen to good people. It could have been a recent forced job change, family illness, auto accident, death in the family causing a one or two month interruption in the family cash flow. Credit FICO scores plummeted in the lower 500 range. Things are turning around now, but the challenged credit history remains. What to do? If a family does not wish to wait five years to turn their credit around there are several possibilities. With these lower scores many B/C Subprime Mortgage Lenders will allow anywhere from 80% to a 95% Loan To Value Mortgage. At the same time these mortgage lenders may allow a 100% Combined Loan To Value (CLTV) mortgage with the seller holding a second mortgage for the difference. Mortgage markets change all the time based on secondary mortgage experiences with foreclosures and slow payment histories. Right now, this scenario is possible in this current slow real estate market. In addition, the lenders will allow the seller to pay in many cases up to 6% of the buyer's closing costs and prepaid expenses such as the annual hazard insurance premium and escrows for the taxes and insurance. In some cases, these credit-challenged buyers using this financing technique can buy a property with little out of pocket. In the past, these buyers may have been kicked to the curb and told to come back when they have some money saved and improved their credit. Not today, at least by mortgage brokers who know their products. Buyers need to seek and qualify Realtors and Mortgage Brokers who are willing to go to the wall for them to get the deal done. Dale Rogers Fri, 08 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1352/1/Year-End-Investment-Ideas-and-Tax-Strategies First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Your Financial Professional's perspective may produce smart tax advice but only professional investors (not accountants, attorneys, stockbrokers, financial planners, advisors in general) should be called upon for acceptable investment advice.  Steve Selengut Tue, 05 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1342/1/When-There-is-Blood-In-The-Street-Buy-Now%21 The public, when it comes to investment opportunities, is usually late and guilty of betting on the wrong pony. It's just the way it is always been throughout the history of our republic. Depending on the geographic location, there are many bountiful opportunities to locate, buy at a deep discount, fix, keep or sell and make money. A short time ago as the real estate market was topping out and multiple buyers were backed up to buy one property suddenly that same property has little attraction. Sellers were left scratching their head and wondering "What happened?" During this period little or no buyer's closing cost were paid by the buyer, no seller held second mortgages would be considered and the idea of the seller fixing any deficiencies in the property was discarded out of hand. Such are the perils in a "Seller's Market". The purchase contracts were written "AS-IS, WHERE-AS" because that was what the sellers were demanding and could get it.  Investors would dream of getting a great deal but had little opportunity to buy. Now with the ether wearing off, it is very possible to find those deals with lots of seller help. The fog is lifting and the vision for opportunities is clearing up. With all the positive news going on, the foreclosure market is ticking up. Many of the loans utilizing creative financing with built in rate increases such as in an Option ARM or a 2/28 ARM where now the rates are spiraling up have precipitated defaults. The financing was never structured for the long term. The flippers who bought high and tried to push the envelope are left holding the bag. Opportunity begs. Dale Rogers Fri, 01 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1341/1/Real-Estate-Investors%85Get-Off-The-Sideline-And-Get-Into-The-Game-In-A-%26quot%3BSlow%26quot%3B-Market%85-All-For-Fun-And-Profit For months now many Realtors have been pacing the floor wondering where their next sale was coming from. The bad news drips off the front pages reporting for all to see how bad the real estate market has become. Thickets of real estate signs explode out of the ground much like the peak of any mushroom season. Sellers are now buying into the story believing the market is slow. For buyers who just as little as six months ago were pushing prices with little cash flow properties suddenly, these same properties have become ugly overnight.   Shrewd investors always look for buying opportunities. Whether it is stocks, coins, gold, bonds, collectibles, antique cars, or real estate the investment principals apply. The typical successful contrarian looks for spots to make a move. If there isn't any worthwhile action they simply stay liquid and move to cash. When the hand wringing begins by the general public the shrewd investor starts to lean forward on the edge of their chairs and begins to focus their collective gaze toward potential opportunities. Currently, there is a huge inventory of listed properties just sitting on the market in the Multiple Listing Services (MLS) in many areas.  Some of these potential opportunities have motivated seller some do not. It is necessary to focus on the listed properties that have a motivated seller. With well thought offers, fun and profits can result. Dale Rogers Fri, 01 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1339/1/Don%26%2339%3Bt-Trap-Into-A-Credit-Card-Debt%2C-It-Too-Costly%21 While swiping the credit card is a very effective way to pay without using any type of paper money, it has led many people into a debt trap. Majority of people simply look at whether or not they can afford their monthly repayment when using at their credit cards. Many of them don't even try to figure out how long it will take to pay them off and how much they are costing them over the long run. For instance, $2,000 doesn't seem like a huge balance on a credit card. In that case at an 18% interest rate, your payment is only around $40 a month. Sounds pretty affordable at the moment, doesn't it? Well, if you take a closer look at the number, approximately $30 of your payment goes towards interest. As a matter of fact only $10 is paid towards the $2,000 balance each month. In case if you are only paying the minimum balance each month, it will take you over 30 years to pay off that $2000. Thirty years, that is too long. In addition you will have paid back $5,000 in interest in that time. Therefore your $2,000 credit card bill will really cost you $7,000 including interest in the long run. The above payment does not include the extra payment incur in the case when you miss or delay your monthly repayment. In fact, many credit card companies are hoping you will miss your repayment so that they can charge you with extra interest and late payment fee and this would normally extend your payback period for the rest of your life. There are many credit card debt calculators available on internet and you can use these calculators to calculate how long it will take you to pay off your current credit cards by using the minimum payment method. You will normally be shocked. And it is worth for you to put effort in finding ways to reduce and pay off your credit card debt. If your credit card debts are reached to an unbearable stage; then, you may need to get service from a debt consolidation company to consolidate all your credit card debts. They are widely expert in dealing with creditors and help you to negotiate with your creditors for a better repayment plan. Follow the plan to pay off your credit card debts. Credit cards have successfully minimized the use of paper money and become one of the most convenient ways to make payments for a shopping spree or while traveling. Though, if not used with restraint they may soon lead to a huge mountain of debt which leads you to a tizzy of financial woes. In simple terms credit cards are a really costly form of credit. If you must have one, paying off the balance in full each month so that you will not trap into a credit card debt. Find out with our Credit Card Debt Calculator on how long your payment will take to pay off your credit card balance. http://www.studykiosk.com/creditbasics is an informational website on credit basics and debt consolidation. Cornie Herring Fri, 01 Dec 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1308/1/Soft-Market-%2B-Motivated-Seller-%2B-6%25-Seller-Contribution-%3D-5.50%25-Fixed-Rate-30-Year-Mortgage-Rate-Buydown An anomaly is defined as a deviation from the normal order.  At this very moment in many real estate markets in many parts of the country a soft market can lead to opportunities for many buyers.   This anomaly will not last. It is a buyer's market so why not maximize the buyer's benefits by applying part of the 6% seller's contribution to buy the loan down.   Where are these opportunities to be found? In any area look for vacant homes, on a lock box with some sort of sale pressure. If the lender allows for a 6% seller contribution of the contract price on say an 80% Loan To Value loan then why not go for it. Many of these potential properties can be searched and identified using a Realtor and the local MLS system. Builders who are setting on a huge inventory of homes may be willing to grant major concessions in order to keep the price levels consistent until the home prices firm up.   Buyer's need not leave any money at the closing table. Just put your lips together and whistle.Ask and you shall receive, if not, go to the next and whistle again. Someone is bound to love your tune when the seller motivation is high. Dale Rogers Mon, 13 Nov 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1307/1/You-Can%92t-Steal-In-Slow-Motion-Real-Estate-Deals-Wait-For-No-One Charlene had been attending a Home Buying Clinic sponsored by her church for the past year. Fortunately, childcare was available at the church during the three hour sessions. Tanya was able to do a little studying as well in a far corner of the large room. Budgeting, credit repair, together with the home buying advice was all being discussed. Charlene had been doing well on her plan, but her middle credit score still hovered around 570.  At the last meeting Mr. Wilson discussed many of the opportunities to buy a home with creative financing. Charlene pressed Mr. Wilson for more details. Charlene asked Mr. Wilson, who happened to be a Real Estate Broker and a Mortgage Broker, if that might work for her. After class, Mr. Wilson took Charlene's information and shared with her that she may have a shot at doing something right away. Charlene went on to explain, she wanted to get something closer to work and to Tanya's school. Mr. Wilson said he would call tomorrow with some possibilities. Dale Rogers Fri, 10 Nov 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1305/1/There-Is-More-Than-One-Way-To-Skin%85A-Real-Estate-Deal-With-Seller-Flexibility-In-Selling-Property Jack and Mary were desperate. Mary received a big promotion in another state and Jack was looking for a new job in the same city. It was just too good to pass up. Mary was a rising star in the health care industry and with the huge pay boost and promotion it was a job she had dreamed of ever since leaving graduate school armed with her MBA.  Jack was a natural born salesperson and could work anywhere selling just about anything. He liked high tech sales in the high-ticket electronics field and was close to catching on with a company in the same city as Mary's new job. One problem, they had a large house to sell in a very slow and slumping real estate market.   Soft markets can lead to flexible terms which can help complete real estate deals. Keep and open mind. There is more than one way to skin a…real estate deal. Dale Rogers Tue, 07 Nov 2006 00:00:00 EET http://www.pandoras-archive.com/articles/1284/1/Buyers-Being-Creative-In-A-Soft-Real-Estate-Market-With-A-Challenged-Credit-History In a soft real estate market where owners need to sell and have a high degree of motivation to dispose of their property. This is the opportunity that a buyer with challenged credit history can seek to "help" a seller out of their current dilemma by arranging sale terms that will help both buyer and seller. These scenarios may not work for anyone who has zero options, zero income and zero means to pay anything back. It is rather, for those who are fighting their way back and do have options, have income and now have means to meet their obligations on a negotiated deal. This will not work if a buyer throws their hands up and gives up to the possibility of buying a property. This opportunity will work for those buyers who have a need as well as a burning desire in their belly to buy something that will meet their family goals and will do what is necessary to make it happen. Dale Rogers Tue, 24 Oct 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1264/1/Credit-Card-Creep-%2B-%93Universal-Default%94-%26%238594%3B-125%25 The "Universal Default" trigger mechanism used by many credit card companies who regularly check payment history in the bureaus. If they find a 30-day late or other derogatory information the interest rates on ALL the credit cards can be accelerated in many cases to the maximum legal limit. Thus, the sweet heart introductory rates went in some cases from 8.5% to 29.99% + to varying degrees. The "125%" Combined Loan-To-Value Second Mortgage can be utilized to roll high interest rate credit cards down to say 14.5% up to a loan limit in many cases to $75,000. It's not a cure all but rather a temporary band aid to increase monthly cash flow while fully amortizing the debt. Aggressive payment of this second can make some sense as this rate is 14.5% plus depending on credit scores and exact loan to value percentages. Dale Rogers Wed, 18 Oct 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1246/1/Option-ARMs%3A-%93The-Sky-is-Falling%85The-Sky-Is-Falling-So-Says-The-Chicken-Littles-Of-The-World%94 Option ARMs are getting a lot of adverse publicity and regulatory attention. It's kind of like a smoker suing for cigarettes causing cancer and getting Alzheimer's in the process regarding the dangers of smoking. Likewise, anyone signing on for an Option ARM suddenly suffers the memory loss associated with plowing through a mountain of disclosures and examples indicating the dangers of the negative amortization and everything that goes with it. The high foreclosure rates in the ARM segment of the mortgage business will eventually sort itself out. There will be properties sold below acquisition prices, short sales by lenders, and a few precipitated bankruptcies when area prices fall and become soft.  Option ARMS utilized for investment property acquisition with an 80% or lower Loan To Value can lead to cash flow. Triplexes and fourplexes can meet the initial parameters of building a cash flow machine. Carefully put together Option ARMs can be an excellent mortgage vehicle for building cash flow in investment properties. Dale Rogers Fri, 06 Oct 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1245/1/When-Good-News-Hits-The-New-York-Times%2C-Sell Everywhere you turn and observe in newspapers, magazines, cable, network programming, radio, Internet BLOGs, investment newsletters, real estate is bleeding badly. Bad news abounds. With a forest of real estate signs sprouting out of the ground with moss growing on the north side, things appear to have slowed in the just recent hot market.  There is seller desperation in the market place. Just a few months ago, sellers would get four or five offers on a property with the winning bid at $25,000 or more above the list price. In that euphoric period, the list price was the "start" price. In that referenced selling climate, the seller would refuse any seller help to the buyer with the closing costs and prepaids. As far as repairs on flagged items found on a routine home and termite inspection. Sorry Charlie, "As-Is, Where-As" was the rule of the day. When too many buyers are chasing too few properties, prices soar. As the song goes, "What A Difference A Day Makes" When too few buyers chase abundant properties for sale-prices fall. Dale Rogers Wed, 04 Oct 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1242/1/The-Chickens-Come-Home-To-Roost-%26-When-The-Dust-Settles-Lender-Discovers-Mortgage-Fraud Things were going great. Work was great. The economy was smoking and people reportedly making a killing in real estate. "Flipping" this property, buying this one, selling that one and just living the "American Dream" to the fullest.  It was the best of times.   At best investments tend to be cyclic in nature with tops and bottoms. Like many investors following the maddening crowd many buy at the top only to watch the value of the investment drop. Suddenly, the market slowed. "Flips" were stalled. Many investor sellers had difficulty moving their property and their bloated equities began to shrink.  Then it happened, things went south, rentals slowed due to the gas shortage and there was a cutback at work. Foreclosure proceedings were started and the loan file was put under a microscope. Mortgage fraud was determined and criminal action was started against the borrower. This is the downside of committing mortgage fraud. Credit destroyed and lives are effected. Dale Rogers Fri, 29 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1240/1/What-To-Look-For-When-Hiring-A-Personal-Injury-Attorney Wondering what to do when you have been in an accident, a slip and fall, or a workplace injury? If you have already spoken with in insurance provider for your insurer, it may be time to consider a personal injury attorney... Pandoras Archive Tue, 26 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1229/1/I%92m-Not-Digging-%93Triggering%94-My-Credit The approval came back ACCEPT PLUS. The findings came back with the credit report that had been pulled during the process. Per agreement, Emily proceeded to lock the loan per the Good Faith Estimate and application. There would be a full 30 days to close this loan. The financial markets were beginning to waffle again and rates may shoot back up, but this loan was now locked guaranteeing the offered rate per conditions. Emily called Pricilla and Bob with the good news. Emily set up a time for the appraisal to do an interior inspection with the borrowers paying for the appraisal at the door. Things were coming together nice and neat. The very next day when Pricilla and Bob got home from work, there were four calls from other mortgage companies inquiring about refinancing their loan. They seemed to know a lot about their personal information from current loan amounts, lender, and the fact that they had applied for a new mortgage. Pricilla and Bob looked at each other in amazement. Pricilla and Bob were just flabbergasted on how their personal information could be bandied about to complete strangers. Emily went onTo explain that these were called "trigger lists" and if they wanted to Opt-Out they could go to www.optoutprescreen.com but it takes several days to go into effect. Pricilla went online and opted out. Emily would be doing their loan. There was a phone number displayed as: 1-888-567-8688. Dale Rogers Sat, 23 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1227/1/Separated-at-Birth-But-So-Different-In-Life John and Patricia, wanting to take advantage of a lower interest move on their mortgage, their only debt. John always the planner chose to go on Annual Credit.com  He found a past due hospital bill as part of the co-payment that had not been handled. It had been paid and John cleared it up right away. When application was made for their mortgage-John and Patricia got the best rate available. Mike and Sandy, needing immediate cash by refinancing to pay a load of installment debt just applied. Their score came back a lot lower than anticipated by 100 points. So much so, that the only loan they could get was a B/C subprime loan with payments $300 higher at the higher rate. They needed the money and went ahead. John and Patricia carefully planned and checked their credit. Mike and Sandy didn't. Mike or John-which are you? Mike and Sandy had planned on buying an income property and did so resulting in a $700/month net cash/mo.  Again, Mike or John, which one are you? Dale Rogers Thu, 21 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1211/1/Mortgage-Credit-Repair-After-Experiencing-Mortgage-Servicing-Hell First Frank and Janet thought it was a simple error. Their mortgage had been recently sold to a new company with a new servicing company.  As with the prior lender, they had sent in their mortgage payment by way of a personal check between the first and the fifteenth of the month and the payment had been posted with little event as being received as agreed.... Dale Rogers Fri, 15 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1202/1/Principles-of-Investment-Management Investing is not a competitive event, ever. You don't need to beat the market. You need to accomplish a set of personalized goals. Avoid what the crowd is doing and shun investment products. Consumers buy products; Investors buy securities. Avoid hindsightful analysis, and uninformed (or salesperson) criticism. Steve Selengut Wed, 13 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1159/1/How-Adverse-Selection-%28-%26quot%3BLemons-Problem%26quot%3B-%29-influences-financial-structure A particular characterization of the adverse selection problem and how it interferes with the efficient functioning of a market was outlined in a famous article by George Ackerloff... Pandoras Archive Sun, 03 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1158/1/Determinants-of-Asset-Demand An asset is a piece of property that is a store of value. Items such as money, bonds, stocks, art, houses, farm equipment, manufacturing machinery, and so on are all assets... Pandoras Archive Sun, 03 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1089/1/The-Positive-Ramifications-of-Do-It-Yourself-Credit-Repair Many couples have been merrily breezing along then, IT happened. There was not enough money to meet all the monthly obligations. Living in the suburbs, a two-paycheck family with 2 children with soccer, little league baseball, golf and club memberships, spas all sandwiched and woven into the tapestry of the McDonald family. Steve and Karen had considered themselves, being well educated and well read, above the fray of struggles of the other "Jones". There was no reward unworthy of their attention. If any family is in need of non-profit assistance to assist with their credit challenges then help is just a call away in any community. Credit challenges are not fatal, they do not have to be permanent they are just darn inconvenient. Dale Rogers Fri, 01 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/1049/1/The-Positive-Ramifications-of-Do-It-Yourself-Credit-Repair Many couples have been merrily breezing along then, IT happened. There was not enough money to meet all the monthly obligations. Living in the suburbs, a two-paycheck family with 2 children with soccer, little league baseball, golf and club memberships, spas all sandwiched and woven into the tapestry of the McDonald family. Steve and Karen had considered themselves, being well educated and well read, above the fray of struggles of the other "Jones". There was no reward unworthy of their attention. If any family is in need of non-profit assistance to assist with their credit challenges then help is just a call away in any community. Credit challenges are not fatal, they do not have to be permanent they are just darn inconvenient. Dale Rogers Fri, 01 Sep 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/925/1/Dumpty-Humpty-Sat-On-A%85Winning-With-Credit-Repair When Dumpty Humpty fell off the wall the creditors started calling and sending threatening letters all about what they were going to do to you and your credit. With speed dialers and predictive dialing systems there is no escape from this onslaught of harassment. Only a positive and proactive plan can meet and beat this bombardment from creditors. You won't need all the king's men to put your credit back together, you can do it yourself. What follows is a few tips on dealing with this situation and be stronger for it. Dale Rogers Fri, 25 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/847/1/Stock-Broker-License Article by: Elizabeth Morgan If you are already preparing yourself to be a stockbroker, you know that there is no prior educational background necessary to enter this field. In fact, you do not even need to have a college degree to get into the industry. That is not to say that an extensive knowledge in economics, finance, and business management, and a computer background would not prove to be beneficial. You may ask yourself, then, why you would need to get a stockbroker license. Andrei Costea Tue, 22 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/846/1/Stock-Marker-Research Article by: Jimmy Sturo For people who are not inclined to business, the stock market sounds strange. For others, however, the stock market world is something that stirs their interests. They are interested because they want to invest to make their money work for them. There are many different ways to invest and putting your money into stocks is one of them. The stock market has positive and negatives aspects that you need to know, before you get involved. That is why it is very important to do research before you buy or sell any investments you have. Andrei Costea Tue, 22 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/829/1/%93Mugged-While-Sleeping%85Leads-To-Credit-Repair%94 On the way home from work, Tom looked at a short list on his "to do list" and began sequencing the list into a logical travel pattern to minimize crisscrossing. Sunday grilling with family and guests were an important event around the pool while cooling off and just chilling and relaxing and disengaging from the challenges and stress from work. This would be another great weekend... Dale Rogers Fri, 18 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/789/1/RepoMan-Cometh%85Notice-of-Default-Received%85Now-What%3F As the economy cools, mortgage foreclosures increase. Mike and Margaret had worked hard for all of their 10 years of marriage. During that period they had some rough patches and vowed not to get jammed up on their finances again. Mike from time to time would take a part time job to help make ends meet. Five months ago Mike was told by his employer that they were moving out of town and going to another state and merging the business and would not be taking any people with them. As an Informational Technology (I.T.) expert he kept the companies computers humming and made a decent living... Dale Rogers Fri, 11 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/745/1/%93You-Have-No-Credit%85Have-A-Job-%26-Want-To-Buy-A-Home%94 Many working people in the U.S. have no established credit, but want to own their own home. They never held a credit card or bought a car with installment payments. There is no credit score with any bureau. It's almost like they are leaving ZERO financial footprints as they traverse through life. Almost certainly, large deposits need to be paid to secure basic services such as water, electric, phone, etc. This particular segment of the home buying public is a throw back to the way business was conducted a 100+ years ago. Other than Sears and Roebuck and small home savings banks a credit report with scores didn't exist. The credit grantor would size you up see if you were a good bet... Dale Rogers Fri, 04 Aug 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/693/1/%93Opiate-Like-Addition-Besets-College-Campuses-In-The-U.S.%94 Parents and students alike have prepared for this first day of school in college. The hard studying and sacrifice have brought them to their first day of college. Years of preparation and planning have set the stage for what lies ahead to obtain the brass ring, a college degree in their chosen field. Taking the SATs, competing for acceptance at the college of their choice then going through orientation, moving in, getting settled and prepared for the first class with all the crisp new books with stiff pages all ready for starting the learning process. None of that preparation could have prepared the student or their parents for what they were going to be offered right out of the box... Dale Rogers Fri, 28 Jul 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/692/1/%26quot%3B-Teasing-Me%2C-Is-Not-Pleasing-Me-%26quot%3B Teaser rates on variable mortgage products looked great at the beginning. Borrowers are starting to come out from the affect of the ether and waking up to a rate that is in some cases DOUBLE from where they started. A lender would offer ½% to 1.0% below Prime rate (currently just increased to 8.25%) for say the first six months then go up to say just Prime. There were multiple combinations offered to attract the borrowing public... Dale Rogers Fri, 28 Jul 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/507/1/How-effective-can-Financial-Performance-Analysis-be%3F With heightened competition, market concentration and regulation, British Telecom (BT) has employed a number of tactics to maintain profitability, market share and overall financial performance... Verena Veneeva Mon, 17 Jul 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/489/1/E-banking-%28Online-Banking%29-and-its-role-in-today%92s-society The world is changing at a staggering rate and technology is considered to be the key driver for these changes around us (Papers4you.com, 2006). An analysis of technology and its uses show that it has permeated in almost every aspect of our life. According to Tero et al (2004) many activities are handled electronically due the acceptance of information technology at home as well as at workplace. Internet can be seen as a truly global phenomenon that has made time and distance irrelevant to many transactions. According to Heikki et al. (2002), the transformation from the traditional banking towards e-banking has been a 'leap' change. The evolution of electronic banking started from the use of automatic teller machines (ATM) and has passed through telephone banking, direct bill payment, electronic fund transfer and the revolutionary online banking (Alter, 2002). The future of electronic banking according to some is the acceptance of WAP enabled banking and interactive-TV banking (Petrus & Nelson, 2006). But it has been forecasted that among all the categories, online banking is the future of electronic financial transactions. The rise in the e-commerce and the use of internet in its facilitation along with the enhanced online security of transactions and sensitive information has been the core reasons for the penetration of online banking in everyday life (Papers4you.com, 2006). According to the latest official figures from the Office of National Statistics (ONS, 2006) indicate that subscriptions to the internet has grown more than 50% from 15 million in 2000 to 35 million in 2005 in the UK. It has also been estimated that 60% of the population in the UK use internet in their daily lives. The fundamental shift towards the involvement of the customer in the financial service provision with the help of technology especially internet has helped in reduce costs of financial institutions as well as helped client to use the service at anytime and from virtually anywhere with access to an internet connection. According to theorists (Walfried et al., 2005) customer evaluation of the electronic services is influenced by attributions of success and failure in inter personal service situations. The use of electronic banking has removed the banking personnel that facilitate the transactions and has placed additional responsibilities on the customers to transact with the service. Although the use of E-banking is provided for the benefit of the customers but these changes require increased work or involvement on the part of customers. These and other factors might be seen as lesser service provided in terms of customer service. But these assumptions would be wrong if the customer knows the value of using the electronic service. Thus it can be concluded that a fit between task i.e. the banking; technology i.e. the user interface and its reliability; and individuals i.e. the customers and their knowledge about using the service, is the key to successful E-banking services (Zigurs & Buckland, 1998).    References: Alter, S. (2002), "Information Systems" 4th Edition, Prentice Hall Heikki Karjaluoto, Minna Mattila, Tapio Pento (2002), "Factors underlying attitude formation towards online banking in Finland", International Journal of Bank Marketing; Volume: 20   Issue: 6; 2002 Research paper ONS (2005), "Office of National Statistics", www.statistics.gov.uk Papers For You (2006) "C/B/93. Dissertation. Will online business replace the traditional business in the banking industry in UK?", Available from http://www.coursework4you.co.uk/sprtfina35.htm [17/06/2006] Papers For You (2006) "P/F/174. Dissertation. Adoption of Online Banking", Available from Verena Veneeva Mon, 17 Jul 2006 00:00:00 EEST http://www.pandoras-archive.com/articles/486/1/Efficient-Market-Hypothesis%3A-Myth-of-Reality%3F The efficient market hypothesis (EMH) was promoted by Eugene Fama in the 1960. In his classic paper Fama (1970) defined market in which prices always fully reflect available information as "efficient".While this definition reflects the main idea of the EMH it might be extended to explain the underlying assumption. For example Malkiel (1992) proposed the following definition: A capital market is said to be efficient to if it fully and correctly reflects all relevant information in determining security prices. Therefore, more formally, the market is efficient with respect to some information set.  ..if security prices would be unaffected by revealing that information to all participants. Moreover, efficiency implies that it is impossible to make economic profits by trading on the basis of the defined information set (Papers4you.com, 2006). As it follows from the Malkiel (1992) definition if the market is efficient the company market value should be an unbiased estimate of the true value. Nevertheless it is important to stress that:1. Market efficiency does not require that market price is equal to the true value2. There is an equal probability that stocks over or under valued at any point in the time 3. And finally, investors should not be able to consistently identify under or over valued stocks using any investment strategy ( Damodaran, 2006). What are the implications of the market efficiency from the individual investor perspective? Firstly, equity research is costly and provides no benefits. Secondly strategies that have minimal execution costs such as randomly diversified portfolio or indexing to the market would be superior to any other investment strategy. Thirdly, a strategy that has minimum transaction costs should provide higher returns in the long run (Damodaran, 2006). Nevertheless it is important to stress that markets are not efficient due to their nature, but they are driven to efficiency by the actions of the investors. Therefore Roberts(1967) distinguished among three forms of the market efficiency:1. Weak form: the information set includes only historic data.2. Semi strong: the information set includes publicly available information.3. Strong form: the information set includes all information know to any market participant and includes private information. Obviously in reality, investors have access to different information sets. While trading which is based on the insider information is prosecuted, analysis and interpretation of the publicly available information requires specific knowledge and skills (Papers4you.com, 2006). Therefore the effici