Friday, May 29, 2009

Affordable Home with the help of Loan Modification...........

Loan Modification, Refinance all these words are very related to your dream homes. Because while you are trying to buy a new home either you will purchase with cash money or you will go for a Mortgage loan.

Because as per my knowledge present financial situation will stop us to go for cash purchase. In this case other option is more preferable. But before going for mortgage loan just go for loan modification.

I have got a very informative video from "you tube" related to loan modification. And I think through this you will fulfill your home dream with minimum amount. I hope it will help you to get your ideal dream home.

Something about this video : You will get the basic ideas about loan modification in a very simple way.

If you want to add anything related to this topic feel free to share with me through comments. Comments along with the suggestions for me & my blog betterment are always welcome.

Friday, May 22, 2009

Forex Mentor is important at the beginning of Forex Business…….why?

Forex Mentor is important before joining the Forex Market…but why? I found that many people are asking this same question. So, in this case my answer is really very easy, you need someone who is much more experienced than you in this field & who has great financial knowledge. As we know that this market is very fast changing so he / she will help you to take the right decision in the right time.

As per my knowledge previously Forex market was completely controlled by countries huge financial institutions & banks. But now the scenario has changed any individual or small investors can also invest & start their forex business as per the new guidelines. But the risk factors of forex exchange are considerable. Here a person can lose lot of money in a very short time. So, in this case if you will appoint any Forex Mentor then at least you will get the proper information.

Good forex mentor must have live experience in forex market like he / she also doing this forex business apart from this he / she must have the sound technical knowledge in this business. Here I personally think that live experience is very important because whatever experiences he is getting he will share with you to avoid all the unavoidable circumstances.

As we all know that forex market is not a stable market so you have that much of knowledge to take the correct decision in the correct time otherwise as I said you will be the big loser. So, in this case guidance is very important which you will only get from the Forex Mentor.

Thursday, May 14, 2009

The First Place to Start When Trying to Improve Your Credit Score

Many individuals look for a quick way to improve their credit score and find there are not many options. The whole goal of your credit score is to help creditors determine if you will default on the loans they provide. To do this, years of information about you is taken into account. For example, the largest part of your credit score is your payment history and seven years of this data are put into the equation to help determine your score. This is true among the other parts of your score in differing degrees. But don’t give up hope there is another route you should go.

What if the information about you was not correct? This would make your credit score potentially lower. You might be thinking this could not be the case because the accuracy of the credit bureaus is what the financial market relies on to keep credit flowing. You would be wrong. A common estimate is around 70% of consumer credit reports have errors on them. Some of the information could just be a misspelling, but often is a negative entry that could be hurting your credit score. Therefore, there is a large chance you have these damaging errors and having them removed is a great place to start when trying to improve your credit score.

The first step in this process is to get a copy of all three of your credit reports. Since your credit score will vary by the information put into the equation, you need to check each one. The next step is to develop a method of recording all errors or questionable information you find. This will come in handy later. You then must go through each report and every section on the reports. Here are some things to look for based on the section of your report.

Personal Information – This information will not be included in your score, but is worth a thorough review. Errors here could be as simple as a misspelling of your name, but more ominous ones could be addresses that you do not recognize or ones you have never lived at. These could be a sign of a much deeper problem, identity theft. That is a completely different discussion though.

Account History – Here there will be a lot of data and common errors would be any late payments still reported by your account that were older than seven years. These can be removed.

Credit Inquiries – These are any time your credit report has been reviewed with the goal of granting you a new line of credit. Any of these older than two years can be removed.

Bankruptcy or Collections – If you have gone through a bankruptcy and it is older than 10 years, it can be removed. Also, individual sometimes see double collections. This happens if you have defaulted on an account and this initial account sends you to collections. The debt is then sold to another company who was not paid and they too send you to collections. These double collections for the same debt can be removed as well.

Just as stated above you should have been making note of anything you found because next you will want to research each to confirm it is an error. The next step is to fill out an online dispute form with each credit bureau. You can do it through other means such as a mailed letter , but online is much easier. You will include the item you are disputing and any pertinent information you have found. Make sure you make a copy of what you are submitting and use this as your method for follow up.

After the disputes are submitted, the credit bureau will have 30 days to respond back. Once submitted, an investigation will be conducted that will include contacting your account to verify the disputed item’s accuracy. If the information was found to be false, it will be removed and you can request a new copy of your credit report for free. If the credit bureau responds stating that the item in question will remain, you must then contact your account to dispute it with them.

In the end hopefully inaccuracies will be cleared and you will get a boost to your credit score. Then you can turn to the more long-term methods of raising your credit score.

This article was provided by Kyle from Credit Score Insight. Kyle's main area of focus is your credit score and the goal of his site is to help you get an excellent credit score. Check it out.

Wednesday, May 6, 2009

College Students More Dependent on Credit Cards Than Ever

The economic downturn has most Americans tightening their spending habits, but not all. College students are even more dependent upon credit cards, according to a survey conducted by Sallie Mae, the nation's leading provider of student loans. The organization released its survey results last week in its National Study of Usage Rates and Trends. The study focused on undergraduate students ages 18 to 24 who were enrolled in public and private four-year colleges and universities during the spring of 2008.

Sallie Mae found that 84 percent of these students had at least one credit card, up from 76 percent in 2004, the last year the study was conducted.

In addition, these college students are carrying record-high credit card balances with the average balance growing to $3,173, the highest in the decade the study has been conducted -- and in the midst of a recession, according to the survey.

According to the Sallie Mae survey, a student's credit card spending limit depends on their grade level in college. The median debt freshmen carried was $939, while in 2004 it was $373. The undergraduate’s debt nearly tripled. The findings show college seniors are carrying even higher credit card debts, averaging more than $4,100, up from $2,900 in 2004.

About 82 percent of college undergraduates carry balances that incur finance charges each month, according to the Sallie Mae report, while only 1% relies on parents, a spouse or other family member to help pay their bill.

About 92 percent of the students surveyed charged textbooks, school supplies or other direct educational expenses. This is an increase from 85 percent compared to the survey taken 4 years ago. Food, clothing, and cosmetics ranked at the top of other expenses that are charged by undergraduate students.

Written by Kim Phan at

Friday, May 1, 2009

Make yourself financially update with the help of…….

As we all know that financial crisis is going on all over the world. Thousand of peoples are loosing their jobs. But one thing I need to tell all of you that if we will make ourselves update regarding world economy or world finance then we may overcome this type of problem.

So, Now one question may arise that from where we will get all the information regarding world economy?

The answer is those who are using Internet service they can gather all the information from net.

The resources are :

1. You tube : We will get all worlds best financial videos from you tube. Better say not only videos we will get the experts opinion also.

2. News from different search engines : As we all know that Google, Yahoo, Msn are providing world economy news, so from there we will get the info.

3. From International new channel based websites : We can get all the financial updates from different international news channel like Cnn, Bbc, Cnn Ibn etc.

But those who don't have the internet connection they can also get the financial information from .....

1. Different international & national news channel.

2. From different financial magazines.

So, just make yourself update financially with the help of my above informations. I do believe that in this way we may avoid any future crisis. If you have any more ideas regarding this topic please feel free to share with me.