The neighborhood of Brooklyn, New York, is not swamped by cars with Iowa license plates already. This is primarily because Iowa’s Department of Transportation has cancelled more than 450 car titles and registration that were obtained using fraudulent information with cheap auto insurance in Brooklyn last September. These cars — mostly with Linn County and Polk County plates — are causing congestion at the Ditmas Park West neighborhood for the past 3 years.

Maxine Plotkin, who is a 40-year resident of Ditmas Park West, said, “Iowa stood out blatantly in New York City. There are fewer now. I think what they did was transfer a lot of them to New Jersey plates.”

The president of Ditmas Park West Neighborhood Association and a lawyer in Manhattan, Joel Siegel, thinks that the cars are causing problems associated with car rental businesses using names such as 25 Dollar Car Rental, Elite Car & Truck Rental, Rent 4 Less, 123 Go Rent A Car, and Econo Rentals. Read More →

In a survey conducted, the results showed that 52% of the Britons who took out a loan admitted they did not know the meaning of a loan and 84% are not keen about the Terms and Conditions prior to signing a contract, the Money Advice Service said. Is it really important to read them? Are they insignificant? Or you just signed a document that will make you regret? The answer is: You risk your life without paying attention to the small print of a contract like taking out a loan.

payday loans

During The One Show, they tricked people to lend their cars to Matt Baker and the rights were given at Glasgow streets. They offered free drinks while the people are signing the contract. This is a clear indication that they signed even without reading the Terms and Conditions. Also, majority of the people do not actually read, this means that they have not understood the contract even after signing. In fact, only 16% are paying attention to the contract including the small print prior to signing. Of the total 16%, only 17% of them have understood the jargon used that may cause catastrophic consequences in the future especially when they were not able to manage repayments.

The worst struggle about this matter is the payday loans or short-term loans. Imagine, the client fills out a one-page application form only claiming that they do not charge hidden fees and their rates are clear. Also, what makes this even more difficult is that the application process can be done online in just minutes. This strategy of payday loans will make the matter worse, this will lead clients to not pay attention to the details, their attention will focus more on the fast, easy and accessible option to get the money they need. As a result, they are not aware that the interest rates are too high; they can be in too much debt before they knew it. Read More →

Most people usually assume that you need to have a lot of money to start a business.

In fact, with just as little as 5,000 pounds, one can already start up a business. But of course, this would largely depend on the nature of the business, its owner, and how they spend their money. Note that many entrepreneurs succeed with money even less than 5,000 pounds. It’s just a matter of loaning money from a credible lending institution such as pay day loans UK by Uncle Buck and repaying them once you have returns. Read More →

In the last seven years, consumer debt reached the highest level. This is an alarming news as it sets a new debt record for the Britons, the borrowing on loans, overdrafts and credit cards hit over £1.25bn. The Bank of England released this new figure and the National Debtline said that is a worrying increase of the people’s dependency on credit and they warned that the figures will surely rise when 2015 starts as credit card bills are going to be sent. Credit card companies and banks are improving marketing strategies to attract customers both old and new to spend more. However, it cannot be denied that these lenders charge very high interest rates and hidden charges, as a result, the people are going to be in for more trouble.

This has become a shocking news especially for the Financial Conduct Authority (FCA), with about £1.25bn debt, the agency is set to investigate banks especially the credit card companies that are making aggressive marketing strategies and pushing for “plastic payday loans”. The £1.25bn increase referred to as unsecured borrowing in November of 2014 is the highest since February 2008 when the nationalization of Credit Rock happened to hold the credit crunch.  In just one month, over £980m of overdrafts and loans was recorded and for July-December 2014, the average credit is £728m.

One of the factors for this credit record high is the sale during Black Friday but compared to November 2013, there was an in increase of 6.9% in November 2014. This means that this year’s record is not only due to the sale season of the last quarter of 2014. Another reason for this high rate is the marketing strategies made by payday loans like QuickQuid where the services are fast and easy, the borrower can receive the money after ten minutes. There are many online payday loan lenders but not everyone can serve the customers fast like this company and other major lenders.  These and many more strategies developed by lenders are some of the factors why consumer debt is increasing. Read More →

An alternative source of financing has been the new trend in the financial sector recently. There have been innovations that target different financial instruments that aims to simplify the process of borrowing and lending; thereby helping businesses achieve their financial goals.

A new source of financing, such as guarantor loan, has become increasingly popular especially after recession which resulted in the failure of various banks. Today, financial institutions have stopped letting risky individuals and ventures borrow money; thus, the large population falling outside of the traditional channels of finance.

Peer-to-peer sites are the famous one among these sources; as a matter of fact, many call them as the next-level banking. Let’s take a look at how they are being put up.

Equity-Based Crowdfunding as an Emerging Alternative to Business Funding

Equity-based crowdfunding generally pertains to business startups and new companies that generate funds by offering equity for money. In this scenario, the company generates funds through online database and doesn’t tap the primary capital industries. In this case, the crowdfunding platform serves as the “middle man” between the company and the investors.

Business Loan Financing via Peer-to-Peer Platforms

For many businesses, banks are their primary source to acquire loans or to generate a working capital. However, most banks would want collaterals for security which is difficult for small businesses, especially those who are in the service sector. In addition, banks often charge higher interest rates to smaller companies compared to big establishments; as they view their loans as too risky.

Online peer-to-peer sites aim to connect lenders and borrowers; thereby eliminating certain fees. Borrowers will then have a good option to increase their funds according to the needs of their business; most of the funding, do not require collaterals and offer much lower interest rates — lower than that of banks.

Personal Loans through Peer-to-Peer Platforms

One of the most popular products of Peer-to-Peer platforms is personal loans. These types of loans are usually used for various purposes including wedding, home renovation, vacation, and even paying for credit card balance. These loans are often good sources of liquidity. Their downside, however, is that they contain high interest rates and may cause you financial burdens. With Peer-to-Peer platforms, you can borrow money for personal use with much lower interest rates. Aside from that, it also does away with the costs of operations that most banks include in their service fees.

Those are just some of the platforms that are supported by these peer-to-peer sites. Note that interest rates vary depending on the type of loan you wish you acquire. Loans that are made available depend on the interested lenders as well.

Recently, Yahoo released their 2014 earnings report; this is the company’s investment in businesses that includes mobile, native, social and video. All in all, they delivered revenue amounting to $1.1 billion that represents a 95% increase year-over-year. Also, Yahoo reported a gain in the mobile industry, generating revenue in the last quarter of 2014 of $254 million and for the whole year of 2014, it had $1.26 billion revenue. They said, their focus and mobile strategy had positive impacts to the company, it transformed into yielding significant results at the end of the year.

Yahoo listed several business highlights for 2014; this includes the acquisition of BrightRoll, an ad platform for programmatic video and their partnership with Mozilla in making Yahoo their default search engine in the desktop browser and Firefox mobile. They added that the partnership with Mozilla is the most significant in the last five years. They also noted a couple of new hires in the last quarter of 2014 and 2015; this includes Lisa Utzschneider, Senior Vice President and Kathy Kayse, Vice President of the Sales Strategy and Solutions.

Brad Gosse

Yahoo CEO Marissa Mayer

Yahoo reported they generated search revenue in the last quarter of 2014 amounting to $467 million which is 1% higher than the same quarter of 2013. For the whole year of 2014, their search revenue reached $1,793 million which is 3% higher than 2013. The gross search revenue of Yahoo totalled to $3,382 million for 2014 which is 14% higher over 2013. In the aspect of paid search clicks, they are up by 10% compared to 2013’s last quarter showing that the price per click increased to 7%. On the other hand, search revenue rose by 1% for the last quarter and 3% for the whole year from $1,742 in 2013 to $1,793 in 2014.

However, they had a 4% decrease in terms of display revenue year-over-year and quarter-over-quarter which is represented by these figures, in 2013 display ad revenue was $1,950 million and dropped to $1,868 in 2014. They were able to make up in the last quarter as it went up by 17% but their price-per-ad went down too by 20% year-over-year. Aside from their release of the earnings report, they released a statement on their plans of a spin-off that is tax-free with its remaining stake with Alibaba Group. They will transfer the remaining 15% in Alibaba into the legacy ancillary business at the same time distribute the new unit’s shares to the current shareholders of Yahoo. The target completion of the transaction is by the end of 2015.

From the summary of Yahoo’s earnings, the highest came from its mobile industry and this is a sign that people engaged in the Internet business can capitalize on this matter. To be knowledgeable on how to penetrate the market, you can learn from the experts during the BHW Conference. They teamed up with experts to share their experiences and impart their knowledge. One of the speakers is Brad Gosse; he is the Chief of Growth Hacker.

Though a binary option is fairly a new mean in trading on the financial markets, it has been a feasible industry to trade in. Out of the numerous binary options brokers, Banc de Binary is one of them that has lead that fast development of new financial trading items in the industry, which include the newest innovation of 60 second binary contracts. These short term digital options provide an immediate mean of making a return from trading and even has greater amount of payouts for trades compared to the more common broker options contracts. Due to this, a lot of investors are getting excited. There are now a much better and greater opportunities to make money thru binary options and creating a sizable trading income.

As an investment method, Binary option has an “all or nothing” investment which can be utilized to consider on the price trend of a broad range of monetary assets. The result for the trader at the end of the contract is where they got their name. You would either win the affirmed income for an “in-the-money” expiry, or lose the cash you utilized to buy the contract for an “out-of-the-money” contract.

There is a fixed income on an option at the outset and is being paid in any way of how further the asset rate has gone, given that the contract conditions are in place at its end. From many brokers, you’ll be able to gain an earning return of at least 65%, whereas a lot of the leading brokers will pay out incomes up to 90% should you be flourishing.

What’s exciting about the 60 second option isn’t only the short time period of the contract. Though it goes a relatively shorter time frame compared to most broker contracts, which are usually 15, 30 or 60 seconds, it is due to the addition income that enticed the attention of most traders. Rather than getting the usual standard industry payouts, through 60 second options you can gain more than 175% from many brokers for calling the market promptly. This shows a great premium for just predicting if the marker will go up or down over the next 60 seconds. Take note, it isn’t the size of the trend that you need to forecast, just the direction.

To gain great income from these fast tracked options, you will need a solid trading technique. A strong market trend is important if you want to avoid the volatility of the markets on such a short time period. The best times to utilize these short term contract are the busiest moments of the day, when the first opening of the markets, or following major news release. On these times of peak market activity they can be utilized to create repeated incomes by supporting the market drive. Multiple trades can welcomes in the direction of the trend until the directional momentum of the asset cost starts to collapse.

These days, credit monitoring is very essential to everyone especially when the cases of credit fraud are increasing. Every individual must take proactive means to safeguard his account. The initial steps that you must know are the credit monitoring facts and how it can help you.

The first thing that must be understood is how to protect your credit scores and reports from fraud. Today, the most common crimes are credit fraud and identity theft, these two can pose financial risks by stripping your power while the thieves are benefiting from using your information, both personal and financial for their gain. Then credit monitoring steps in, by subscribing yourself with their services, it can keep you strong at the same time aware of every activity happening in your credit.

Credit monitoring can help you in different ways. In case your personal information is exposed due to a data breach, credit monitoring has the tools to discover fraudulent activities that are happening with your accounts. It can provide you with the exact date, time and location of the unauthorized action, as a result, you can immediately inform the proper agencies and authorities. Most of the people think that credit monitoring is only beneficial for the victims of identity theft but it can also serve as an effective preemptive layer to protect the account holder from the daily financial activities.

credit monitoring facts

Fraudulent incidents in your accounts are very possible to happen, in most cases, card holders do not notice that they are exposing too much personal information. For instance, credit fraud happens due to massive hacker-attack, a personal error or a company employee made a mistake like sharing personal information on social networking sites. If these things are exposed, there is a big chance that credit fraud will take place. If you are a victim of credit fraud, most likely, you will be advised to subscribe the services of a credit monitoring company or if the company makes the mistake like data breach, they provide their clients with free credit monitoring for a period of one year.

Aside from credit fraud, credit monitoring can give you essential benefits. It is a useful way to track the payment activities of your account, you can keep an eye of the different payments that you must comply and verification from your lender that you were able to manage your payments on time.

Finally, credit monitoring helps to keep your credit score stay at a good level as this is the basis for your future financial plans like applying a mortgage or a car loan or even finding a new job.

In the United States, dynamic real estate markets and a well-developed system of loan generation and lending have led to the development of money markets and their secondary markets. The mortgage marketing to clients or house buyers through the realtors is a type of lending scheme which exists in the secondary market of the loan section of the money market. Let’s decode this complex concept.

Mortgage Marketing to Realtors

Mortgage Loans, Money Markets and Secondary Markets

Every nations economy is consists of several different markets, money market and the securities market being the most of all. The money market is made up of all products and commodities which are directly related to money. These can involve currency, Forex, other foreign currencies, governmental certificates, certificates of deposits and some specified schemes of the market. Mortgage loans, private, public, the one’s generated by Federal Home Loan Banks, Farm Credit System and by the Federal National Mortgage Association, bank loans and loans by financial institutes are some loans which are a part of the money market. Now when it comes the money markets, there are two key sub-markets within it. The first one consists of banks, lenders and financial institutes which actually originate or generate the said loan. This is the primary market and there are several cases where the mortgage company or the originators of the loan have let the loan directly to the consumer/borrower. In other cases, the primary market originators of the loans, sell these loans to lenders and mortgage companies such as mortgage brokers, Freddie Mac and Fannie Mae, or banks professional lenders who act as agent-lenders and handle the lending, underwriting, and collection and share the risk of the loan. This kind of market is known as the secondary market of the loan (i.e: where the loan is originated by one party and is sold to the second and then on, let to the third). The mortgage marketing is one such example, where the realtors and estate agents work on partnership and close collaboration with the mortgage lenders and brokers of the secondary market.

The realtors, in some cases, also have act as mortgage brokers themselves acting as agents of the originating mortgage companies. In other cases they are partnered by another mortgage broker or mortgage company. This kind of functional arrangement is valid in most of the cases, however there are certain situations where it’s explicitly banned. The validity depends upon the state laws and also the rules and norms of real estate agent licensing policy of the Department of Real Estate or Department of Licenses. In some cases, where the realtor is a member of organizations such as National Association of Realtors (NAR), Realtor Political Action Committee (RPAC) or National Association of Real Estate Brokers (NAREB), then he may have to adhere to the compliance of these bodies, which in some cases may curtail such a mortgage marketing.How Does it Exactly Work?

As a consumer, here’s what you need to know to understand mortgage marketing to realtors:

When you make a contract with real estate agent or realtor to find he right real estate for you, the mortgage broker working with the realtor or the realtor acts as the underwriter of the loan and also makes the pre-approval or approval of the loan, whatever is needed. Apart from that while underwriting the loan the realtor or broker is able to get you the best interest rates possible on the loan. There are three primary advantages of having such an arrangement:

One you get really good terms and conditions on the loan, which are quite consistent with the value of the property you have bought.Second advantage is that you will have to pay relatively low closing costs and all the legal paperwork which is involved at that stage is absent.The third advantage is that you don’t have to go about hunting for the loan, instead you get loan and the approval ready-made on front of you.

The big disadvantage is that since this arrangement is basically a mortgage brokerage of the loan, you will be facing a slightly higher interest rate as compared to the loans which are handed over from the originator to the borrower.

On the whole it’s not that bad an arrangement, and if looked at it from an eagle’s eye point of view, it’s as good as the loan borrowed from a bank or an originator. However, I would advocate that you calculate the two transactions for comparison.

While a good credit score and a history of making on-time payments to creditors has always been an important part of the loan approval process, homebuyers today need even better credit in order to qualify for the lowest mortgage interest rates.

It makes sense: before a lender is ready to finance hundreds of thousands of dollars for your home purchase, the bank needs to know you have the financial ability and discipline to pay it back. A few years ago, as long as you had a credit score in the mid 600’s or higher, you were able to qualify for a loan easily. Sometimes even people with lower scores were approved for loans. Now, the bare minimum for most loans is a score of 620 and the best rates go to borrowers with a score of 740 and higher. Read more about how your credit score impacts mortgage rates here.

First-time homebuyers should start their home buying expedition by getting their free credit report and finding out where they stand. Plenty of advice (starting with paying your bills on time!) is available in my book, "HOMEBUYING: Tough Times, First Time, Any Time" about how to improve your score. Lenders are also willing to advise you on which steps to take to improve your score.

Be prepared – if you have bad credit, there is no such thing as a legitimate quick fix. But for borrowers who just need a little tweak to their finances in order to qualify for a better loan, the best thing to do is to talk to a lender who can tell you the best way to bump up your score. Even a few points of credit score improvement can help you qualify for a better loan.