Credit and the Law.
By John Caldecott.
The Equal Credit Opportunity Act says that all lenders will apply the same credit standards to all the consumers no matter what their race, sex, marital status, national origin, religion, age, or public assistance program that is involved. This does not say for sure that the loan approved or credit will be given to you. It will give you an equal chance to obtain credit. The only good measurement for creditors to use is your ability to pay the debts that you owe.
Many of the applications will have questions about some of the above things. However you are not required to answer them on an application for credit. These may be asked because of the fair housing laws or affirmative action laws but these are at your discretion. You should not be asked about your material status, unless your partner will help you secure the loan. You may be asked your age because of the Equal Credit Opportunity Act, but only to determine if you are old enough to have the credit. This means that you have to be over the age of 18 in the U.S.
Creditors must tell any applicants of their decision within 30 days. If the application is not approved, the creditor must provide a written statement that has full detail of the outcome or decision along with the reason for the denial and the information on the applicant’s rights. This act will help to seal for certain it is kept with all applications for credit no matter who the applicant is.
The Fair Credit Reporting Act will also give people the right to see their credit report. To make this better, everyone is entitled to a free credit report every 12 months. This act will help people to receive their credit history for all three national credit-reporting agencies. When you are reviewing your credit, you can dispute items on the credit report and this will allow the consumer to control some of what the credit reporting agencies have against them. If the correction to your credit in not right, you can also add a statement of 100 words or less to help clarify the item that you want to dispute.
The act was started to uphold the accuracy and privacy of a person’s private information in the credit report. It was passed with the intention of preventing identity theft, which has become more popular in recent years. By reviewing one’s credit report each year, he or she will be able to determine if any kind of identity theft has happened.
Both of these acts will protect you by helping the fairness of the lending industry while allowing you to take control of your credit history and making sure that it is accurate. If you want to maintain good credit, you need to learn as much about it as you can. Understanding these laws means that you are taking a good and positive step in creating good credit for yourself and making it possible to have a more stable financial future.
Friday, 9 November 2007
Credit and the Law.
Figure Your Credit Score
By John Caldecott.
You may want to know how your credit score is calculated. The process is long and each of the three major companies in the United States will participate in reporting credit scores and histories with a different method. This is why your credit score is going to be a little bit different from one to the next. There are some factors that you can take into consideration if you want to estimate your credit score on your own.
The first thing is if you have not ever owned a credit card or had any type of bill in your name or if you have borrowed money of any kind, your credit score is going to be zero. Even though this is not considered to be bad credit, it is hard to even get a loan with no credit as it is with bad credit. There are some companies that may be willing to take a chance on someone with no credit but it is much better to build up your credit little by little as you go by having cards in your name and living a comfortable and stable life within your means of income.
Your credit history is going to make up about 35% of your total credit score and it is very important. The bills that are not paid or if you have debts that have defaulted you will hurt your credit score for 7 to 10 years before they are all erased. You need to think about this and all of the bad choices that you make today can hurt your credit in the future. If you are repaying these debts now, chances are they will still show up on your credit report now as bills that were paid late. There is 15% that is going to be the length of your credit history. It is a good idea to start building credit as soon as you can. Your score is will improve as time goes on as long as you are maintaining a bank account. The information like length of employment or residence so that it can be classified in this section so if you have a regular and stable life, you will have a better score than someone else that moves around all the time.
Then 30% of your score will depend on what you are currently owing to creditors. Even if you are not late on paying your bills, if you have many loans out at one time, it may be possible that you are denied to have another. Therefore it is important to only take out the loans you really need and to repay them on time or early if you can. If you pay off your loans early, you will not only see your credit score rise, you will also save money on paying interest. This will show up on your credit history. You will also want to try and keep your money in one place if possible. 10% of your credit score is going to be based on new accounts. They will look at how many different types of loans you have applied for and how many you have open now. When you are opening and closing accounts too fast is not a recommendation.
You need to use your common sense. Know your credit score and how it is calculated is going to help you find mistakes on it. This may help you and your credit score in the future. You are able to see a free copy of your credit report annually for free so you should review this as well as get your credit score to be sure that you are being treated fairly.
Getting Help: The Best Things About Credit Counseling.
By John Caldecott.
Sometimes we cannot keep a good credit score all the time on our own. There are times in life when we may need to have a little bit of help keeping our credit score at a good level or raising it to a level that we want it to be at. Thank goodness that there are organizations out there to help us to do this and keep our credit on track where it should be.
Debt counseling is for anyone that may have bills that are scattered with different companies and find it hard to keep up with all of them from month to month. It can be hard to remember who you have to pay each month and how much. There is debt counseling to help put all of your bills into one low payment so that you can make your payments to one company and they will distribute the money to where it needs to be.
This will take all of the guessing out of paying your bills. Now the payment will be lower because the debt counselor will work with all of the companies that you owe money to so that they can accept the lower amount of money each month. This is not for everyone however, and the fees and interest rates are going to be high.
After you consolidate your bills into one payment it should only take two or three years to pay them off. If it would take more than five years to pay these debts back, you may want to think about it more because it may not be the right option for you. There are a few different reasons why debt counseling will increase your credit score. Making the payment before it is actually due then you are paying all of your bills at once.
Credit companies will see this on your credit report and reward you for being more responsible and paying your payments on time. This is true even though they are consolidated into one payment because everyone is still getting their money on time. Many will believe that consolidating your bills will decrease your credit score, but this is not the right idea. Many think that this is a major reason for concern but it is actually helping people out. It may have been a risk in the past, but there are many legitimate companies out there that are going to help you rebuild your credit score.
Using the debt counseling for your debt is actually very responsible and will benefit you in many ways. It is a good idea to do when you are looking to get out of debt and get things back on track for you and for your credit reputation.
Using a Co Signer to Boost your Credit.
By John Caldecott.
Having a co-signer on a loan application can either be a good thing or a bad one. This can be anyone that you know like a friend or family member who agrees to share the responsibility for repaying the loan if you cannot make the payments for some reason. Usually it is a parent that will co-sign for a child who has no credit or low credit. It can be a good way to build your good credit up and get the results that you are looking for. In other cases, the co-signers good credit may help someone with poor credit get a loan that they would otherwise be denied for.
We all start out with a credit score of 0. Having no credit score is almost as bad as having a bad one. There is no record of your credibility, which is not very convenient if you are a young adult trying to get a loan for a home or car or college education. There are parents or guardians who will understand the meaning of having credit will put their child’s name on a utility bill and let theme make payments from a job or pay for it themselves. As long as the bill is paid in full and on time, it will put a positive reflect on the person’s credibility. It will be a lot easier to move into the adult work of making a large purchase like a first home when you have good credit to your name.
For the person that has managed to make a bad name for himself or herself in the world of credit and they are in need of a loan, they may have to rely on a co-singer to help them out of this jam. No one wants to be in debt and a family member or friend will be more understanding than the institution from where you want to borrow the money. A co-signer must have a good credit score and they must be willing to take over the remaining money that is owed on the loan for any reason if the primary borrower cannot make payments.
If you are in debt and you cannot seem to get a break, a co-signer could be what you are looking for. No matter what your reason for bad credit, it is up to the lender to approve or deny you based on the facts of your credit report. As long as you know someone who has good credit and enough trust in your ability to repay the loan that you are looking for, you may have a good chance to get back to where you want. A co-singer is a good way to establish or re-build good credit for you.
Using Credit Unions and your credit
By John Caldecott
A credit union is a good organization that is for individuals based on where they live or where they are employed. It will work in the same ways as most banks but offer loans that are more exclusive to their members and offer a better and much lower interest rate. Those who deposit the money are able to borrow money because the members run it. This is the best place for someone to earn a stable paycheck but is somehow managed to accumulate bad credit because of sometimes the community will base it on their character and not on their creditability. A bank can turn you down easily if your credit rating is not good but with a credit union you will have the chance to explain what you want before you are approved or denied.
You can benefit financially because you are a member of the credit union. A savings account with a bank will accumulate interest over time. It is set by the percentage of what your balance is over time. Credit unions will pay higher interest to their members and the interest rates on any loan are going to be lower as well. Any profits that are accumulated will go into serving the members better because it is a non profit organization that is ran by volunteers in the community only.
There are different ways of finding out which credit unions are available to you with your employment, residence, or what your part is in an organization. If you have a stable job, you can ask your employer if there is one that you are able to get based on your involvement with the company. There may also be a member of your family who belongs to a credit union that encourages members to have their entire family members join. In most areas, you may be available to join because of where you are living. It is viewed as a way for the community to work together as one to take care of all the members.
Everyone needs to be a member of a financial institution in order to get and build up good credit, gain eligibility, and to take out a loan if it is needed. They will also be able to have a reference of stability on his or her credit report. Many people will want to use the credit unions over banks because they are friendlier and locally ran by members of the community. They are non-profit so you will not have to pay a fee to be a member and take advantage on the positive things that they offer. They will give anyone who has bad credit a chance to be eligible for loans and rebuilding their credit score.
Friday, 2 November 2007
Diet and Exercise
By John Caldecott.
Nutrition and physical activity is going to go along together for our bodies. Exercise is going to give us fitness
along with four major things: flexibility, strength, muscle endurance, and cardiovascular health. Diet on it’s own
is not going to be able to give you this. You need to have the physical part as well. One thing to remember is
that a bad diet can affect the way that your fitness training goes even if you follow the best type of exercise
plan that you can. You need to put a healthy diet and a lot of exercise together to stay as healthy as you can.
It is going to be achievable to answer the question of how long you need to exercise to keep as healthy as you can.
The average is at least 20 minutes of exercise at least three times a week. This will help to strengthen the
cardiovascular health. Another idea is that 3500 calories must be used in a week by doing any sort of physical
activity. This will benefit you and your heart as well. It is a good idea to speak to your doctor first to find out
what exercise plan is going to be best for you and your body.
The energy nutrients that are stored like glucose and fatty acids with a few amino acids are let out into the blood
during exercise in order to provide energy for what you are doing. This means that the body will respond to
exercise by adjusting its fuel amounts.
There is a way to use diet to control high blood pressure and now they are finding out that exercise has a role in
keeping blood pressure from increasing. With the reduction of sodium into your body, weight loss and limited
alcohol use, along with the increased amount of physical activity and a low fat diet, you can control hypertension.
Foods that are used for the purpose of lowering blood pressure without using medication can include sweets and
many beverages that have sugar in them, red meat and fats.
To build muscle in the body, proteins are used and this is true when the body is at rest after exercise or any type
of physical activity. There is research that has shown that athletes will retain more protein and use more of it as
fuel for the body. The American Dietetic Association has said that one gram per kilogram of bodyweight is
recommended for people that do not exercise at all. For the athletes, the protein amounts are going to be higher.
It should be considered that athletes also need more carbohydrates as well. If they do not take in enough crabs,
their protein will be used all up for fuel and there will not be anything left for muscle building after exercise
There is increasing evidence that weight bearing exercises like walking, dancing, running, sports and so much more.
Are very good at getting good bone health. Swimming has been a great use for bone health. Eating disorders like
bulimia and anorexia have been said to damage bone strength. Exercise alone cannot make your body healthy. You
need to have the proper calcium and other vitamins and minerals required for bones must go with the adequate amount
of exercise to provide the best bone health. Along with exercise, diet can help keep your body working good and in
the right mode for the rest of your life.
Godbless and Keep Fit,
Is Google in Trouble & Facing Bankruptcy?
[NEW YORK - Wednesday] - by Devon Melk. Rumors are now running
that the 2nd most powerful website on the entire Worldwide-Web
file BANKRUPTCY, with the deadline set for this December; being
date of both discharge and dissolution in a Federal Court of Law.
This would come as a SHOCK to investors and "Googlers" alike who
both profit and benefit from the use of the World's largest and
most powerful search engine which receives far in excess of
100 MILLION unique daily visitors and well over 300 million
individual searches daily - making it perhaps the single most
valuable public data resource as an "information bank" online the
But is the rumor true or false?
The origin of the rumor occurred when some savvy Internet
began making statements that they had heard "insiders' talk" that
the company (now publicly traded since April 30, 2004, just over
years ago) may face financial disaster with the release of a "new
system" that would allow advertisers to get their otherwise
pay-per-click (PPC) advertising completely free.
This, of course, would naturally lead directly (like a domino-
effect) to the collapse of Google's sibling program AdSense; as
only revenue comes from the direct sales of AdWords "clicks."
The "new system" in question and responsible for the controversy
over getting AdWords pay-per-clicks free is that developed by
Dr Jon Cohen of New York City, New York (now retired) who
a simple, yet effective means, for getting Google PPC ads without
having to suffer the costs involved.
The retired New York doctor and native has a publicly disclosed
worth now in excess of $70 million [US], having generated well
$377 million in product sales from sixteen (16) separate online
businesses within just nine (9) years since first venturing
in 1998 (about the same time as Google was founded).
It is estimated by company insiders and leading financial
that the "good doctor" (as he's called by "all who know him") has
purportedly saved well over $93 million (some estimates suggest
closer to $136 million) in otherwise paid advertising at Google
the other major players in the PPC targeted-search arena online -
including Yahoo, MSN, AskJeeves, AllTheWeb.com, HotBot,
Lycos and Netscape, just to name a few.
The "secret" became available to the general masses last April,
its very release caused such a major sweeping stir among the
community of Internet-marketers, affiliate-marketers, webmasters,
ecommerce company owners and surfers alike that the site quickly
rose to break the top most visited 1,000 websites on the entire
planet briefly; and as can be seen here:
http://tinyurl.com/39lnjn (Alexa data on this!)
When asked if the "secret" would somehow ruin Google, Dr Cohen
revealed almost cryptically that it actually would bring about
the opposite effect, and "stimulate" even more business volume
the virtual giant.
Many people were dismayed to find that Google itself is
allowing the purchase of 100,000's of PPC ads offering the secret
system to the general public -- which indicates to most observers
that either they [Google] haven't caught it, or they simply feel
that it somehow is not a threat to their continued operation.
For anyone's inspection factual and hard evidence supporting this
can be seen by simply looking to the right-hand column when doing
search for "get google ads free" (specifically in quotation
at Google.com under the "Sponsored Links" section.
Or take this direct and instant SHORTCUT:
You can also see nearly 100,000 specific results in the "organic"
fields index located in the center and which occupies the bulk of
the results pages.
One would think that if Google felt threatened by such a release
this earth-shaking "secret" is, they would hardly allow for
paid-ads or organic content to make the top searches regarding
However, evidence supports to the contrary - and this being the
case now for a full six (6) months.
Mysteriously, within just two (2) hours of its initial release
April, Google itself actually did in fact 'pause' the parent
attempts at advertising the new system using PPCs on their search
engine - only, however, to release the hold after a Review Team
consisting of some of Google's top executives completed
an in-depth investigation and made the determination to ALLOW the
ads to run.
The secret system was recently revised however to include "major
new content" and "more exhaustive instructions," and is now
available at its Home Site:
The most important addition is that of a so-called "string of
(tech-talk for some HTML) that can be added to any webpage(s)
instantly causes the elimination of the page owner's AdWords
Even a "live" woman spokes-representative ("Rachel") has been
to the site, and who appears to literally walk out onto the
and talk to visitors and explain a bit more how the mysterious
breakthrough system works.
Since the addition of this new "live" spokes-woman has now
at the site, company Vice President of Sales & Marketing, Mr Todd
Coutrin states that "sales for the system have skyrocketed above
2,430% suddenly and with no limit in sight."
Coutrin continues: "With the newest revision now in place, plus
the additions added, affiliates for the new system can expect to
earn even more than ever before!" (Note: Affiliates make up the
bulk of the firm's sales generation.)
The refund rate for the new revised version of the secret (named
V5.1) has dropped to less than half of what it was before the
version's release; meaning it's now even more readily-received
put to use than ever before (perhaps in large part to the newer
simplicity of application) - now making it the safest and one of
the best resellers for the networks of affiliate marketers who
their revenues from the reselling of other electronic publishers'
stock and digital product lines.
When asked, Google company representatives stated
that the rumors of bankruptcy for the ecommerce giant are simply
not true, and that the rumor millings are in fact simply the
of "panics" brought on by the usual hysteria associated with
anything large, new or revolutionary - or in this case, all
Attempts to contact both Sergey Brin and Larry Page, the former
Stanford University students who founded Google in 1998, to
comment were unsuccessful.
Again, Google itself seems to be the biggest supporter of the
system" as it's allowing more and more advertisers to promote the
new system on its search engine before over 100 million daily
searches and surfers.
To Your Success.