Category Loan Agreements

By Charles Essmeier

Identity theft is a growing concern among Americans, and rates among the top five complaints received by states Attorney Generals offices. A stolen identity can lead to tens of thousands of dollars worth of debt in the victims name and it can take years to completely undo the damage done to the victims credit report. Identity thieves can successfully commit crime with as little as a drivers license number or credit card number, but the ideal target of such criminals is the Social Security number. With that number in hand, the identity thief can pass themselves off as the victim and open credit card accounts, bank accounts, and even obtain home equity loans. As more Americans become aware of the problems posed by identity theft, consumers are doing more to protect themselves. This has inspired thieves to look to a new source of identities to steal, and they have found one. They are now stealing the identities of children.

Established in the 1930s the Social Security Administration was set up to provide benefits for retired Americans. Taxes are withdrawn from the paychecks of eligible workers, and each worker is issued a Social Security number in order to keep track of his or her benefits. Over the years, and despite the intentions of those who created the system, the Social Security number has become a de facto national identity number. It is difficult, if not impossible, to engage in most financial transactions without providing that number to the other party in the transaction. In fact, the number itself has become as important as the name of the person who holds it. Over the years, criminals have discovered that by obtaining the Social Security number of someone else, all kinds of illegal activities are possible, including obtaining loans in the names of the owners of the stolen numbers.

With more people now aware of the potential of identity theft, consumers are more carefully protecting their personal information. As a result, thieves are now targeting the Social Security numbers of children. A law passed in 1989 requires parents of newborn infants to register for a Social Security number for their child. That child will probably not need that number until he or she is a teenager, when the number might be necessary to obtain a drivers license, open a bank account, or get a job. In the meantime, the number is not only unused, but the theft of it may go unnoticed. Thieves who obtain a Social Security number of a child know that they can probably use it for a decade without being caught. How can you protect your child from identity theft? Treat your childs personal information as if it were your own, and guard it carefully. Dont give out the Social Security number of your child unless it is absolutely necessary, and if you arent sure if its necessary, ask. Some doctors and hospitals, for instance, request the number as a matter of course, but they may not actually need it. Check to see if your child has a credit report. You can obtain one for free at the free credit report Website. Your child, if not working, shouldnt have a credit report, so if the credit bureaus have one on file, you may have a problem. A childs personal information is as useful to an identity thief as that of an adult. Guard yours and your childrens identification carefully.

Copyright 2005 by Retro Marketing.

About the Author: Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including

End-Your-Debt.com

, a site devoted to debt consolidation and credit counseling, and

homeequityhelp.net

, a site devoted to information regarding home equity lending.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=6251&ca=Finances

By David J. Livingston

It is undeniable that most people remain practical in their expenditures. One thinks before buying an item for personal use if having household items. Such people remain careful in selecting life insurance policies as well hence avoid a wrong choice. Various types of life insurance rates are therefore general phenomenon. The capability to pay additional monthly charges, proving insurability and rest such aspects is few important things that need to be understood.

Insurnace companies are responsible to ensure a potential customer is made adhere to needs. Producing a recent medical report is an important need for which every insurance company asks and applicants have to bring it. They are meant for identifying type of insurance to be offered to one getting insured. These medical results are also important for other aspects like determining life insurance rates their and suitability for an applicant. An insurance buyer’s financial status has to be checked through verifying about capability to pay premiums from start to end.

Life insurance rates differ in every type of insurance. That is why it is very important to know the physical fitness of every applicant. If the insurer passes the medical requirements, he can continue with his application and choose his preference. For those people who did not pass the medical requirements they cannot continue with their preferred life insurance but instead they are offered a different type. This type is a little bit more expensive than the one they are applying for.

These policies are called life insurance no exam policies for which the applicants are not asked to prove their health and fitness proof through medical reports. Personal information related to health can be filled that is considered sufficient and application processing is furthered. As these policies are too much flexible they have been gaining too much popularity. Such policies can be bought anybody who is in the position to afford rates that go costlier.

All those applicants passing medical examinations are given chance to buy affordable life insurances policies like instant term life insurance whose rates are comparatively cheaper unlike other policies. Such policies are sold for particular time period only. They can be renewed easily but their renewal becomes comparatively costlier. Policyholders having finished one term of an instant term life insurance policy can be given another chance without any issue except additional funds that go as per the prevailing rates of that time.

The present physical condition of the insurer is no longer as fit as before. He has also aged a lot. These changes made the cost to increase higher because the chance for the insurer to outlive the term, at present, is lower. Remember that healthy conditions provide lower life insurance rates.

Reasons why life insurance rates differ in each type of product:

– The physical conditions of an applicant also differ with each other.

– It depends on the term that the applicant prefers. Longer terms cost lower than shorter terms.

– The age of the applicant makes a difference in the rates.

– People involved in risky activities may be charged with a higher rate because their lives are always at stake.

Of course internet is an excellent tool for searching good options for life insurance rates. All types of life insurance rates are brought before you through internet which brings best of comforts and no stress. Obtain different types of free quotes and compare their rates while making a choice of yours. If you do so you will reach at a position to determine the best option suiting your need for which you would feel at home to pay premiums. Be aware that you are in the position to afford the premiums as insurance requires long time commitment and you should be ready to pay premiums from beginning to end. You would have to bear additional expenses on monthly or quarterly basis for which one must remain prepared. Go with some alternate earning option for the same.

The task is simple which anyone can perform with best of perfection. A highly trained professional can be hired for best results and excellent comfort. Such people can handle the task effectively as they are experts in dealing with all the situations due to their awareness. They perform the task from start to end effectively if provided with detailed information of the whole case. Your problems resolve, task become fast and you feel relaxed if have expert aid.

About the Author: Article by David Livingston of EQuote.com, a website with the best

cheap term life insurance quotes

and

cheap term life insurance quotes

information in the country.

Source:

isnare.com

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isnare.com/?aid=635821&ca=Finances

By Sam Miller

Credit Metrics is a method of reigning in credit risk by modeling changes in credit ratings portfolio. This implies a propositional change in value of the holdings. Credit metrics tries to construct that is not readily observable, which is the volatility of value due to changing credit quality. This approach renders credit metrics more of an exercise in proposing models and which explain the changes in credit related instruments. More than often the models that best describe credit risk don’t rely on the assumption that returns distribution is imperative.

Credit metrics is basically a framework that helps to quantify credit risk on portfolio of everyday credit products. This includes loans, commitments to lend, and market -driven instruments which are vulnerable to counterparty defaults. The sound of knowledge of Credit metrics enables you get a transparent depiction of credit risk. Transparency and effective management share a direct proposition and usually goes hand in glove. The common crisis that has been plaguing the credit risk measurement is the absence of a common point reference. The multiple approaches to measure of credit risk render them practically incomparable.

Credit measure and Credit metrics are often misinterpreted to be the same. When we refer to a measure we are actually assigning a number to something. A metric on the other hand is how interpret that assigned number. A simple example would be that of calculating a person’s height. Let’s ay it measures to 5.1 inches, the inches is the measure of the person’s height and the, “height” is the metric.

Although credit metrics and risk metrics are similar in many ways they are not the same. The primary difference between the two is that risk metrics presents an loads of daily liquid pricing data which can be easily used to construct a model of conditional volatility. On the other hand credit metrics offers relatively less and sporadically priced data for constructing a model of unconditional volatility

The recovery of a claim remains unknown until an obligor defaults. Credit metrics on the other hand models recovery by using a beta distribution. A beta distribution is characterized by a mean and standard deviation. The recovery of the distribution is affected by changes in parameters as demonstrated by the beta distribution spreadsheet.

In credit metrics the changes in value is not only influenced by chancy default events but also by the upswings and downswings in credit quality. Credit risk also addresses the value-at-risk (VaR) which is basically the volatility of value and not just the expected losses. It makes sense to address the co-relation of credit quality fluctuation across obligors as it allows you directly calculate the potential over -concentration across the portfolio.

Modeling transitions for a single name is pretty simple. If one has an idea of the probability to each state, then he/she can approximately simulate a transition corresponding to each state by observing a random uniform variable. The transition can be made by basing on the outcome of the random uniform variable. The glitch is when there are multiple correlated names in the portfolio.

About the Author: If you are interested in

credit metrics

, check this web-site to learn more about loan metrics.

Source:

isnare.com

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isnare.com/?aid=202714&ca=Business+Management

By Simon Volkov

The short sale hardship letter is one of the most important elements in orchestrating a successful proposal. Short sales are an alternative option for people facing foreclosure. This type of arrangement is made between the homeowner and lender and allows the borrower to sell the home for a lesser amount than is owed on the mortgage note.

A well-crafted short sale hardship letter can significantly increase your chances of having your offer accepted. Recent reports claim foreclosure rates are rapidly escalating. Some areas report increases as high as 57-percent.

Today, lenders are receiving short sale offers at an alarming rate. Experts suggest only one out of ten proposals are accepted. In order to stand apart from the crowd it’s imperative to create an organized and well-documented short sale package.

In order to apply for a short sale, the first thing you’ll need to do is contact your lender’s Loss Mitigation Department. Individuals who work in this department are known as Loss Mitigators. A personal mitigator will be assigned to your account and will work with you to resolve the situation. They may offer other options prior to allowing you to apply for a short sale.

Organizing a short sale package will vary from lender to lender. However, most will request the following:

1. Financial Statement providing proof of income and expenses

2. Hardship Letter 3. Recent checking, savings and investment statements from all borrowers 4. Documentation proving the real estate listing information of the property 5. Signed Sales Contract 6. Estimate Settlement Statement (HUD-1) 7. Proof of buyer’s financing

Keep in mind that lenders and banks are in business to make money. Accepting a short sale offer will cause them to incur a loss. The contents of your short sale package must prove to your lender you are incapable of maintaining your mortgage payments. You need to show them how accepting your short sale offer will benefit them. How do you accomplish this?

First, gather your financial records including bank and credit card statements, utility bills, medical expenses, child care, food, gas, insurance, auto loans, etc. Create a spreadsheet to show where you spend your money. It doesn’t have to be fancy, but should be broken down by month to provide a detailed overview of where your money goes.

Do not charge unnecessary expenses to your credit card or take out loans for a minimum of three months prior to filing your short sale offer. If your lender notices you purchased expensive jewelry, took a vacation or spent $100 at a fancy restaurant, you can pretty much kiss your offer good-bye. This is not to be interpreted as suggesting you hide these charges. In your hardship letter you can express your remorse and explain the steps you are taking to change your spending habits.

Organizing your information beforehand will provide beneficial insight that you can include in your hardship letter. If you’re facing foreclosure, chances are you are embarrassed by the situation. You might be tempted to hide or sugar-coat the truth. However, when it comes to a short sale, the Hardship Letter is the document that can make or break your deal.

Experts suggest hand writing your hardship letter. A hand written letter on notebook paper is more effective in sending a message that says, “I need help.” If you have illegible handwriting, ask someone to hand write the letter for you.

Use a business-style format when writing your letter. At the top include the date, your name, address, phone number and email address, if you have one. Next include the name of your lender and your loan number. At the end of the hardship letter include your signature and the signature of any co-signers, if applicable.

The body of the hardship letter will be used to tell your story. This is the place to explain the series of events that caused you to fall into financial ruin. It should present an emotional plea that says, “I am in distress and I need your help.” Close the letter by expressing gratitude and thank them for taking time to review your offer.

If you believe short sale is a good option for you, consider working with an experienced professional. They can assist you in organizing your offer and become involved in negotiations with your lender.

About the Author: Simon Volkov is a Private Note Investor who assists individuals in liquidating their assets. Simon specializes in Structured Settlements, Foreclosures, Probate, Short Sale and Real Estate Notes. Learn more by visiting SimonVolkov.com.

Source: isnare.com

Permanent Link: isnare.com/?aid=243015&ca=Real+Estate

byAlma Abell

Some banks would have you believe that free checking is a thing of the past, but that’s far from the truth. In reality, there are a few places to get free checking in Brevard. One financial institution offering these accounts is CCU (Community Credit Union) of Florida. The amount of standard services that come with a free checking account is surprisingly high, and this makes it a great type of account for many customers. Here are some of the things you can expect to get:

A free debit card is standard for today’s checking accounts whether they are free or paid. These cards are directly connected to the account, so you can pay for things using checking funds without actually writing checks. Such convenience may not seem like a big deal, but it can be a lifesaver. With a debit card, you can pay a bill right before the due date cutoff without worrying about processing times. This is great if you’ve been paid in the evening and need to race a payment through an online system for just-in-time delivery.

ATM access is also part of a free checking account. Your debit card also serves as your ATM card.

Telephone banking is standard. You’ll be able to check your balance, transfer funds between accounts at the same institution, and more. Mobile and online banking are also available for free, as are mobile deposits. Online banking sites also offer helpful information like mortgage rates, budgeting tips, and other standard financial information.

One aspect of typical offerings of Free Checking is a bit of a mixed bag. Often, banks and credit unions only offer electronic statements for these accounts. This is undesirable when the time comes that a paper statement is needed. Some lenders, for example, demand paper bank statements to verify income or financial status. Home printouts are generally seen as suspect.

Free checking in Brevard also doesn’t offer interest. If you have enough money to cover the minimum account balance for an interest-bearing account, you should choose that instead. For most people, though, a checking account isn’t used as a type of investment. Therefore, most will appreciate having a no-fee checking account and not even notice any limitations. To learn more about available mortgage rates and more,