tag:blogger.com,1999:blog-79574873390030765802024-03-13T02:13:39.222-07:00bank insurance guidebank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.comBlogger85125tag:blogger.com,1999:blog-7957487339003076580.post-38520941359389611412011-07-15T07:51:00.000-07:002011-07-15T08:00:05.018-07:00How Do I Remortgage With Bad Credit?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPIOG9LTJ7MTxNrzVsz4BPI5sAK7qQ7Lh5mGqr8i0MVMeIXjo2xSEkSKSYUGsEwuevyt8KPYHkCKvZMWkZAN7l15CF6EoZ3gCjXU5YyrCiB4Ozd_a8bTBusQ6H4vX8lJbttXPktr46vn0/s1600/remortage.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 200px; height: 59px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPIOG9LTJ7MTxNrzVsz4BPI5sAK7qQ7Lh5mGqr8i0MVMeIXjo2xSEkSKSYUGsEwuevyt8KPYHkCKvZMWkZAN7l15CF6EoZ3gCjXU5YyrCiB4Ozd_a8bTBusQ6H4vX8lJbttXPktr46vn0/s200/remortage.jpeg" alt="" id="BLOGGER_PHOTO_ID_5629594006541977682" border="0" /></a><br />Remortgaging is a process that allows homeowners to consolidate debt or lower payments by changing lenders. In this process, a new lender with more amenable terms buys the mortgage from the original lender, so that the homeowner can now pay off the debt with a more flexible repayment schedule. It is often possible to remortgage with bad credit, though it may initially cost more and take some serious research on the part of the homeowner. Deciding to remortgage with bad credit can actually help rebuild credit scores over time.<br /><span class="fullpost"><br /><br />In order to remortgage with bad credit, it is first important to figure out an ideal payment plan for the mortgage. If a person has 15 years left on his mortgage and can no longer afford his $2000 US Dollars (USD) per month in mortgage payments, he may be able to remortgage with another company for a 20 or 25 year term. While this might mean that he would pay more in interest over time, it could potentially reduce monthly payments to a manageable level. In some cases, a remortgage with bad credit can be the difference between keeping a house and going into foreclosure.<br /><br />Where credit comes to bear in the remortgage process is the availability of interest rates and loan terms. A person with high credit scores may be able to secure much lower interest rates, while the choices of a person that is trying to remortgage with bad credit may be more limited. Nevertheless, many financial institutions specialize in providing remortgages to people with bad credit or a history of bankruptcy, but experts recommend shopping around to find the best possible rates.<br /><br />In order to remortgage with bad credit, a homeowner will likely need to agree to strict repayment terms with the new lender. A bad credit history intimates that the person is a higher risk for lenders, so the new mortgage will have built in safeguards to protect the profit of the lender. Some of the extra costs that may be involved in remortgaging include a higher initial processing fee, high late payment penalties, and other fees not disclosed in the initial rate of the remortgage. It is important to read all fine print on remortgaging information to ensure that the terms of the new loan are acceptable.<br /><br />An important step that can be built into remortgaging is the release of equity in the home or property. As a person pays his mortgage, equity in the house is slowly built up. A person facing large debts may technically have the assets to get out of trouble, but since they are tied up in housing equity, the assets are not liquid. A remortgage can include an option to borrow the equity already owned from the lender, hence creating a lump sum to pay off student loans, credit cards, and other debts. While this does mean that equity is lost, if the interest rate on the remortgage is lower than that on other debts, a person may be able to pay off debt faster by consolidating it into the remortgage.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com3tag:blogger.com,1999:blog-7957487339003076580.post-64672485219171327672011-07-15T07:45:00.000-07:002011-07-15T07:48:20.172-07:00What are Credit Reporting Agencies?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzZ7iYJXDT_RLA_xoyCIcNfRUFry0zwn4fBteROz758VftbEXs6GBkSeiM2xxiclnX7uhU6TuyhSSM3o3kceAA2mCBtOFttEfvvawAhzxLRkOs8rczxAz0b2C_ZhVO44RM3l0cSJh9n94/s1600/agencies.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 160px; height: 160px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzZ7iYJXDT_RLA_xoyCIcNfRUFry0zwn4fBteROz758VftbEXs6GBkSeiM2xxiclnX7uhU6TuyhSSM3o3kceAA2mCBtOFttEfvvawAhzxLRkOs8rczxAz0b2C_ZhVO44RM3l0cSJh9n94/s200/agencies.jpeg" alt="" id="BLOGGER_PHOTO_ID_5629590978848958690" border="0" /></a><br />Credit reporting agencies (CRAs) are for-profit organizations that keep track of your credit history and report on these details to potential creditors, employers, insurance companies, lenders and landlords. They may also be referred to as credit bureaus. It is important to regularly check your credit history to be sure the information is correct and your credit scores are as high as they can be.<br /><span class="fullpost"><br /><br />There are three primary credit reporting agencies that keep track of your credit history and provide a Fair Isaac Corporation (FICO) score to potential lenders. These are TransUnion® Experian℠ and Equifax®. You are entitled to one free credit report per year from each agency, though FICO scores are not free. FICO scores can be received for what is generally a nominal fee. It is important to check all three credit reports from each credit bureau, because each one can contain different information.<br /><br />The annual free credit report can be ordered online, by mail, or by phone. You are also entitled to receive a credit report if you are denied a loan due to negative information found on the report. If you find any errors on your credit report, you can then begin to take steps to resolve them. Equally importantly, if you have negative information on your credit report, you can learn how to improve your money management skills, such as paying bills on time and keeping balances on credit cards at a low or zero balance.<br /><br />Though there are other, smaller credit reporting agencies across the country, the three mentioned above are known as the "Big Three." Each month, these companies collect information on your debts, payment history, credit inquiries, and types of credit you hold to update your credit history and your three-digit FICO score. Credit reporting agencies also collect information from court records, such as a bankruptcy or foreclosure. These major negative events can affect your credit report for seven to ten years. Maintaining positive information, such as making all your payments on time, is equally important as removing negative information.<br /><br />The purpose of credit reporting is to signify to lenders and other potential people you may do business with that you are a responsible person and a good credit risk. The information found on your credit report will also affect the interest rate you receive if you are granted a loan, which could end up costing you a significant amount of money over the long term. It is simple to receive your annual credit report from the three major credit reporting agencies, and should be something you do every year to be sure the information is correct and to prevent identity theft.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-45264492299455584182011-07-15T07:37:00.000-07:002011-07-15T07:39:45.707-07:00How Can I Improve My Credit Report Score<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2HXVkvpK9-H0t5fToalAsUOq1rMnVsPqqM1BcRREFM2pkfnBXMCNc_4PdwnyqBslZ5UgRDBmYL9kd_m5atnsezvawgw2qM6GAH22HC7GorDFDNBJG01Wcri3KY3oJuXyHUavok9Bn_6E/s1600/credit+report+2.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 200px; height: 140px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2HXVkvpK9-H0t5fToalAsUOq1rMnVsPqqM1BcRREFM2pkfnBXMCNc_4PdwnyqBslZ5UgRDBmYL9kd_m5atnsezvawgw2qM6GAH22HC7GorDFDNBJG01Wcri3KY3oJuXyHUavok9Bn_6E/s200/credit+report+2.jpeg" alt="" id="BLOGGER_PHOTO_ID_5629588763958893506" border="0" /></a><br />Maintaining a healthy credit report score is very important in today’s world. Unfortunately, many situations can take place that damage credit scores, making it difficult to obtain financing when and as needed. If you need to improve your credit report score, here are some tips on how to get started.<br /><span class="fullpost"><br /><br />One of the most common issues with credit scores is outdated or inaccurate information contained on one or more credit reports. To begin the process of improving your credit report score, your first task is to obtain a copy of your credit report from each of the major credit reporting agencies. Keep in mind that the information on each report may vary, which is one reason why many creditors use at least two bureaus when evaluating the creditworthiness of an applicant. This means you must read all three reports in order to get an accurate picture of what lenders see before doing business with you.<br /><br />As you read each of the reports, look for any data that is not current. For example, you may find a reference to an account that still shows an active balance, even though you paid it off over a year ago. There may also be accounts showing as open that you’ve closed at some time in the past. Since your credit report scores are based in part on the amount of debt you currently have as well as the number of creditors, contact each of these creditors and request that they update the information on your credit report as soon as possible.<br /><br />While contacting the creditors is necessary, also make it a point to contact the credit reporting agency and note the inaccuracies on your report. This can also help expedite the process of updating your information and make sure potential lenders see an accurate credit report and score. Make sure to keep following up until you have confirmation that the updates have been made.<br /><br />There is also the possibility that you will find data reflected on the report that is not relevant to you. False data can end up on a credit report due to errors with a creditor or some similar data entry error along the way. Call attention to the false data at once, and follow up until it is removed from your report. This will make it much easier to determine your true credit report score as of the current period.<br /><br />Keep in mind that even if you’ve had financial issues in the past, you can incrementally improve your credit score by not falling behind on any current debt obligations. Make it a point to pay at least by your current due date. In the case of credit card debt, try to pay more than the minimum, even if it is only an additional ten percent. More creditors are not only making note of timely payments, but also noting when more than the minimum payment is submitted, and supplying that data to the various credit reporting agencies.<br /><br />Be aware that there are no quick fixes to your credit report score. Avoid any type of program that claims to increase your credit score in a matter of days or even weeks. Speak with a financial counselor and learn how to communicate with your creditors and the credit reporting bureaus. While the process takes time, you will eventually see improvement in your credit report score.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-83218522396466448382011-07-15T07:32:00.000-07:002011-07-15T07:35:55.760-07:00What are Credit Reports ?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRw7DkBZ2g62TMLMwqylqhdldmRflYqLzHT58eiWGfYa6NOw2LJUpzQlHuOrpopKpgLw_pNm7ZyMyEIHBNDdobaI7GlAc3jAMNk-bvQ0UVKDi4p84M3nZYu0cmm-hM-cYbYJBYApA4NBk/s1600/credit+report.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 200px; height: 145px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRw7DkBZ2g62TMLMwqylqhdldmRflYqLzHT58eiWGfYa6NOw2LJUpzQlHuOrpopKpgLw_pNm7ZyMyEIHBNDdobaI7GlAc3jAMNk-bvQ0UVKDi4p84M3nZYu0cmm-hM-cYbYJBYApA4NBk/s200/credit+report.jpeg" alt="" id="BLOGGER_PHOTO_ID_5629587769210354578" border="0" /></a><br />Credit reports contain information about an individual's background and credit history, and these reports are used to determine if someone is credit worthy. In short, if you pay your mortgage late, file for a bankruptcy, or are denied a credit card, all of these items will be recorded in your credit report.<br /><span class="fullpost"><br /><br />Equifax, Trans Union, and Experian are the three major companies that compile credit information. These companies keep track of your addresses, mortgage payment history, checking accounts, credit card payment history and other similar information. They also list the balances you owe on your mortgage as well as credit cards. If you are a prompt payer of bills, this will be reflected in the credit reports. However, if you are habitually late with your monthly mortgage payment, store and bank credit cards, and have a judgment against you from a lawsuit, this will also show on your credit report.<br /><br />Based on your credit history, you are given a score. This score, in effect, determines the degree of your credit worthiness. It tells a bank or lender what the risks are if they offer credit to a consumer. For example, if your credit history demonstrates a lengthy on-time bill payment history and low outstanding non-mortgage debt, your strong score will allow you to get a loan with a great interest rate to buy that new car you've had your eye on. A poor score may result in an outright credit denial, or the loan for that very same car may come with an extremely high interest rate.<br /><br />In order for a lender or other creditor to obtain a credit report, the consumer must give them authorization. If you have been denied a loan or credit card and you are wondering why, it would be wise to order your own credit report. While Equifax, Trans Union and Experian have been in the credit reporting business for quite some time, they are by no means infallible. You many find mistakes and inaccuracies on your report and such items can certainly weaken your credit score.<br /><br />If you discover any inaccuracies in your credit report, you should notify the three major companies and supply them with the corrected information. If you, for example, had a judgment against you from a car accident, but you paid the judgment off, you should supply the companies with a "Release and satisfaction of judgment" so they can remove the judgment from your credit file.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-87243191276223982592011-06-28T07:34:00.000-07:002011-06-28T07:38:14.871-07:00What are the Different Types of Money Transfer Services?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXM3ioaEnNaLlh4-vmX2uKm9oRex3CxqKoNiQ77fl67MqMUgfC87p07zRQk2IPvLWY55dVF2QzEEYlH53bu72kKMkA33mpgH3nAAeG56rG0EjGhRWhIRgSqBmmdClCbp9Zuli-cf5pFVE/s1600/money+tranfer.jpeg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 207px; height: 240px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXM3ioaEnNaLlh4-vmX2uKm9oRex3CxqKoNiQ77fl67MqMUgfC87p07zRQk2IPvLWY55dVF2QzEEYlH53bu72kKMkA33mpgH3nAAeG56rG0EjGhRWhIRgSqBmmdClCbp9Zuli-cf5pFVE/s320/money+tranfer.jpeg" alt="" id="BLOGGER_PHOTO_ID_5623279917418919906" border="0" /></a><br />There are four different types of money transfer services available: wire transfer, bank draft, Internet money transfer, and money orders. All these methods can be used both domestically and internationally. A money transfer service is used to quickly provide funds to both businesses and individuals. They are typically used in situations where a check would take too long, may not be accepted or where the recipient does not have a bank account.<br /><span class="fullpost"><br /><br />Wire transfers are one of the more popular money transfer services that are used to move funds from one bank account either to another bank account or to a cash office. The person who is sending the money can create a wire transfer from his or her own bank or from a cash office. In order to complete a wire transfer, you need to have the details of the recipient’s bank or their wire transfer code and location code for the cash office where they will pick up the funds.<br /><br />A bank draft is a type of money transfer service most commonly used for payments to companies in foreign countries. A bank draft is issued by a bank or money transfer company and is cashable at any banking institution. This method of payment is more expensive than other methods, but is preferred by companies and large institutions due to additional security and audit trail features.<br /><br />Internet money transfer services have increased in popularity as security has improved. Several large companies specialize in this type of service. Funds can be transferred to anyone with an email account in the world and is available is all recognized foreign currencies. Transfers can be created through a third party, or directly from the sender’s bank account.<br /><br />Third party companies usually provide a free basic account set up, but charge a transaction fee for every transfer of funds to your bank account. In addition, there is a processing delay of between five to seven days to receive the funds in your bank account. If you are going to use this type of service, check the reputation and conflict resolution steps first.<br /><br />Several specialized firms offer money orders as one of their money transfer services. The sender goes to the cash office and creates a money order for a specific cash office and person to pick up. The recipient is notified by the sender and is responsible for going to the cash office and picking up the funds. A secret password is often used to validate that the correct person is receiving the money order.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com3tag:blogger.com,1999:blog-7957487339003076580.post-13877210857329043882011-06-28T07:30:00.000-07:002011-06-28T07:32:45.020-07:00How Do I Open a Secret Bank Account?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4WDVVlGpPhfOn11-NtWCPAuPJWBx306Wmp2CZpKLmWMzynzmuIi6RUCKasg2u7flav4IWQONKWpBLgJJgr8laq8Ke2SPn-TAWeOen33O2WxXGM34S-JeIvMYtZu1WOMpJ4VRWUmXed3c/s1600/bank+account.jpeg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 275px; height: 183px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4WDVVlGpPhfOn11-NtWCPAuPJWBx306Wmp2CZpKLmWMzynzmuIi6RUCKasg2u7flav4IWQONKWpBLgJJgr8laq8Ke2SPn-TAWeOen33O2WxXGM34S-JeIvMYtZu1WOMpJ4VRWUmXed3c/s320/bank+account.jpeg" alt="" id="BLOGGER_PHOTO_ID_5623278510629057794" border="0" /></a><br />There are many reasons why someone may want to open a secret bank account. One person might consider it in order to save money for the purchase of an engagement ring or an anniversary gift, while someone else might be concerned about his or her financial security when another account is shared with a partner. Whatever the reason, the goal is fairly easy to accomplish, but it will definitely take some work on your part. There are many Internet-based financial institutions and local banks that are suitable for setting up an account. To avoid having mail related to this clandestine account sent to your residence, you could have all correspondence sent to the home of a trusted relative. Otherwise, you should consider renting a post office box, where you can receive mail without having to worry about it.<br /><span class="fullpost"><br /><br />Many financial institutions offer paperless banking options, which means that statements are sent to your email address — not delivered through the mail — as long as you enroll in the service. You can sign up for a secret bank account online, but it is usually not recommended, since many of them require you to link an active checking account to it, which can be counter-productive. Ideally, you should visit a financial institution in person when setting up your account. It is a good idea not to bank at a location where you currently have a joint account with someone else. An out-of-the-way bank is ideal to avoid seeing people you know during any visits.<br /><br />When you decide on the bank you would like to use to open your secret bank account, you will need to provide certain information about yourself. In the U.S., it is common policy for a bank to request your Social Security Number (SSN), phone number, birth date, and other personal identifiers. You are also required to provide your physical address. For this reason, when you meet with the bank manager, make sure you tell him or her that you do not want any mail coming to your home.<br /><br />Bank managers are usually very understanding and respectful of your desire for privacy. If you explain your situation, they can usually advise you about the best way to keep your account secure. You will, however, need to provide them with a mailing address, which can belong to a relative or close friend who has given you permission to use it. If it is your desire to keep the account secret from everyone, a post office box is generally your best option for receiving mail about your secret bank account while maintaining your privacy.<br /><br />Once you sign up for your secret bank account, you should have a safe, secure place to store your banking information, checks, and bank card. If you do not have a private place where you can store this information, a safety deposit box can be a great alternative. It may even be possible to rent one at the same facility where your post office box is located.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-54035691123193378572011-06-28T07:27:00.000-07:002011-06-28T07:29:28.207-07:00What is a Safe Deposit Box?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmTN0kVyMFuwcURvVeaAf2Hf_wShBmdck9HwYuJwyX6hqjK63xF1X3BvO6pjp6p07VHwmR6Hs2hR_4Fubfu8Hn2hrxiuNl9fCSS1Eal63KY1VJhh1WLmCjlrmhrRR3V1CpXdN0p_gbkVc/s1600/deposit+box.jpeg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 78px; height: 78px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmTN0kVyMFuwcURvVeaAf2Hf_wShBmdck9HwYuJwyX6hqjK63xF1X3BvO6pjp6p07VHwmR6Hs2hR_4Fubfu8Hn2hrxiuNl9fCSS1Eal63KY1VJhh1WLmCjlrmhrRR3V1CpXdN0p_gbkVc/s200/deposit+box.jpeg" alt="" id="BLOGGER_PHOTO_ID_5623277618421851634" border="0" /></a><br />Many of us are afraid to keep our valuables in our homes. Though we'd love to feel as if our family treasures and important documents are safe, the fact of the matter is that the unthinkable does happen. In addition to being the spoils of a robbery, our valuables can become damaged due to fire, flooding or another act of nature. For this reason, a safe deposit box is a good idea.<br /><span class="fullpost"><br /><br />A safe deposit box is a locked container kept inside of a bank vault. These boxes come in many different shapes and sizes and are made of a fireproof material. They're not free though. A safe deposit box is rented much in the way one would rent a post office box. The amount of money you pay depends on the size of the box desired.<br /><br />Items that are good candidates for a safe deposit box are important documents, such as the deed to a house or a last will and testament, and treasured family heirlooms such as jewelry. Anything you'd rather not see fall into the wrong hands should be kept in a safe deposit box.<br /><br />When you rent a safe deposit box, you'll most likely be presented with two keys. Only persons authorized by you will be allowed to access the safe deposit box. This means an employee of the bank will request identification before allowing access to the safe deposit box. Anyone not on the list of approved persons will be denied access.<br /><br />Should you desire to make a deposit into or withdrawal from your safe deposit box, you and your box will be escorted to a private room. You will be left alone to view your treasures without worrying about who might be taking inventory.<br /><br />Keep in mind however, that there's a downside to owning a safe deposit box. Since your valuables are held at a remote location, they're not available at your disposal. This means you will not be able to have convenient access to your stored valuables during non-business hours. If you decide to rent a safe deposit box, be sure you give careful consideration to those items you opt to store at the bank.<br /><br />In the long run, the benefits of renting a safe deposit box far outweigh the disadvantages. When it comes to your family treasures, it's better to be safe than sorry.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-24585394247037296172011-06-28T07:02:00.000-07:002011-06-28T07:04:25.689-07:00What Is Involved in an LLC Bankruptcy?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOgMjQUWVYB9CjrkeLLbVUCtSJrMMpHG6AfzOzNxGfl7fCQcpRBUTqqSdJZ9UXGF8vH_p4LOr2LrFpa_gwb3KdWFLiEjYAha946qN2kKNUNYKyckY2IaakH-KT7D6hFV3Y5wEqug2OrtE/s1600/bankcrupt.jpeg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 200px; height: 133px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOgMjQUWVYB9CjrkeLLbVUCtSJrMMpHG6AfzOzNxGfl7fCQcpRBUTqqSdJZ9UXGF8vH_p4LOr2LrFpa_gwb3KdWFLiEjYAha946qN2kKNUNYKyckY2IaakH-KT7D6hFV3Y5wEqug2OrtE/s200/bankcrupt.jpeg" alt="" id="BLOGGER_PHOTO_ID_5623271224892372994" border="0" /></a><br />Declaring bankruptcy for a limited liability company (LLC) can be confusing because there are few solid laws governing the relatively new entity. Some judges may treat this type of company as a partnership, while others might treat it as a corporation. Additionally, many business owners may be surprised to find that obtaining business loans and an office often negates any protection for their personal property, meaning their personal assets can be taken during LLC bankruptcy. The result is that they usually have to file for both business and personal bankruptcy, but even doing so will not allow them to get out of paying payroll taxes.<br /><span class="fullpost"><br /><br />One of the deciding factors of how an LLC bankruptcy will proceed is whether the company is treated as a corporation or a partnership. If the judge presiding over the business bankruptcy decides to treat the LLC as a partnership, he will likely dissolve it. In such a case, the company's assets would be distributed among creditors, and the owner would get to keep any leftover assets, which are usually few. If the judge treats the LLC like a corporation, he may suggest that the business owner offer ownership interest to another person. If the owner were to refuse this option, he would be treated like a corporate shareholder, because he would get to keep stockholdings despite bankruptcy.<br /><br />Many business owners wonder if their personal assets are at stake during an LLC bankruptcy. The answer is that while one of the main points of limited liability companies is to protect the owner's personal credit, it can still be affected when the business is in financial trouble. This is because most lenders request that owners give up their limited liability protection to get a small business loan. In addition, many landlords ask business owners to sign a personal guarantee before they will rent out commercial property, which means the landlord can come after the business owner's personal property if he does not pay.<br /><br />Owners who have never signed a personal guarantee and have not surrendered their limited liability protection will likely find that their personal assets are safe when they file for LLC bankruptcy. Most business owners, however, are not in this group, meaning their personal property is at-risk because of the bankrupt limited liability company. Therefore, they usually need to declare both business and personal bankruptcy, keeping in mind that the most popular routes, such as chapters 7 and 13, are available for personal bankruptcy only. In addition, business owners should be aware that LLC bankruptcy can wipe out their unsecured debts, such as business loans, but they will still owe payroll taxes.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-56007402741803863422011-06-27T07:24:00.000-07:002011-06-27T07:28:29.347-07:00How Is ATM Hacking Prevented?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg14eMwGM-vvuqAamsHPfy977nlbGT6sWOc3eqGhvlvUdxmvyK-rMJSQKid4dfrSP34t1QbCWO-E2BIc2dmlF7CZrdpnNbskuc-XAjd_7d6HIXrz3bVXnJFjPccpaO1mgxhlPNQMtM5YMo/s1600/atm3.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 156px; height: 200px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg14eMwGM-vvuqAamsHPfy977nlbGT6sWOc3eqGhvlvUdxmvyK-rMJSQKid4dfrSP34t1QbCWO-E2BIc2dmlF7CZrdpnNbskuc-XAjd_7d6HIXrz3bVXnJFjPccpaO1mgxhlPNQMtM5YMo/s200/atm3.jpeg" alt="" id="BLOGGER_PHOTO_ID_5622906339907750738" border="0" /></a><br />Financial institutions prevent ATM hacking through numerous measures. This can include changing default administrator passwords and by regularly inspecting ATMs for fraudulent devices designed to capture customer information. Other security measures such as well-lit locations and cameras help, too. Customers can further prevent ATM hacking by being aware of surroundings and refusing to use an ATM if it seems suspicious.<br /><span class="fullpost"><br /><br />ATMs (automated teller machines) are convenient for bank customers, but they are also becoming convenient places for thieves to collect customer bank card information for identity theft crimes. Most ATM hacking happens when a thief installs a portable card reader and camera on an ATM or peeks when the customer enters passwords.<br /><br />Some ATM hackers insert a card reader into the ATM card reader and mount a tiny camera behind the security mirror. They gather card information from the magnetic strip on the card when the customer inserts an ATM card into the false front card slot. ATM hackers gather password information through a hidden pinhole camera pointed at the keypad. Some thieves bypass the camera and install an overlay on the keypad that transmits punched numbers to a laptop or Bluetooth.<br /><br />Before using an ATM, customers should check for any loose parts on the console, false fronts, or anything that looks out of place. Many false front card readers match the ATM and are nearly undetectable. The card should slide easily into the card reader, and resistance could indicate a portable reader. If the ATM seems suspicious, it should be reported to the bank manager.<br /><br />Banks are taking action against ATM hacking by installing anti-skimmers. These devices emit an electromagnetic field that blocks the fraudulent card reader signal so the thief cannot collect card information. Anti-skimmer sensors detect foreign objects mounted to the ATM and trigger a silent alarm.<br /><br />ATM hackers may bypass skimming customer information by hacking the machine itself. A thief who gains access to the administrative password may program the machine to dispense $20 bills when it thinks it is dispensing $5 bills. Banks can prevent ATM hacking by changing the default password in new ATM machines to prevent criminals from guessing the password.<br /><br />The safest ATMs are in well-lit, heavily populated areas, or in stores where crowds make it harder for thieves to install skimming devices without being detected. Customers should always check for bystanders when withdrawing money and shield the keypad when entering password information. ATM users should always check bank statements carefully and question unfamiliar charges.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-2427574305768330542011-06-27T07:22:00.000-07:002011-06-27T07:24:16.298-07:00What Are the Different Types of ATM Code?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEileQqylRCdp3zq6kHJaMMmP5isQqyXCRaZM2YY6gKUWUqzjXfoSYsFcn-3TBFtMfcqYVLiHl-1zR4bVKrVboRcqwAq11ZZscA_3mEA2C0L8Z6ParPq-fUA6sVKIUkM__4r_Bo51YKO21k/s1600/atm2.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 94px; height: 94px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEileQqylRCdp3zq6kHJaMMmP5isQqyXCRaZM2YY6gKUWUqzjXfoSYsFcn-3TBFtMfcqYVLiHl-1zR4bVKrVboRcqwAq11ZZscA_3mEA2C0L8Z6ParPq-fUA6sVKIUkM__4r_Bo51YKO21k/s200/atm2.jpeg" alt="" id="BLOGGER_PHOTO_ID_5622905259258615698" border="0" /></a><br />Automated Teller Machines (ATMs) are one of the most convenient machines available to people, whether they are a few blocks from their house or in another country. ATMs allow people to pull money from their account, check their balance, or, if in another country, withdraw money in the foreign currency. While these machines can be very useful, they can also be dangerous, given that if someone gains access to someone else's account, customers could end up with their identities or large sums of money stolen. An ATM code prevents strangers from accessing your financial information.<br /><span class="fullpost"><br /><br />There are a number of types of ATMs, such as a mobile ATM, cashless ATM, or ATMs in foreign countries. To do transactions at each of these types of ATMs, users will have to enter the code issued to them by the bank when they opened the account. This code will always be used to access financial information at an ATM after swiping their card. The only way this ATM code is changed is if a customer visits or calls his or her bank to change it. This typically will be in the event of losing the card and needing to have it replaced.<br /><br />Mobile ATMs are rented out from ATM companies by people organizing a large event that will attract a big crowd. For example, a large music festival would typically have on-site mobile ATMs. Cashless ATMs are usually specific to certain businesses. Rather than withdrawing money from one of these ATMs, the customer can obtain a receipt from it that is good for the amount of money put on it. The receipt will work as currency within the store that holds the cashless ATM.<br /><br />There are also ATMs set up in foreign countries that can be used as easily as those in a person’s native country. The customer would select their language and enter their ATM code just as they would at home. They can withdraw money in the currency of the country they are in, making the ATM a convenient means of exchanging currency.<br /><br />Ultimately, the difference in ATM code comes down to the different types of ATMs. A customer’s code itself is the same for each of these types of machines unless they have it changed. Each type of ATM contains information that is encrypted in various ways, but a personal ATM code and check card will always give customers access to their account.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-28661546870101397892011-06-27T07:17:00.000-07:002011-06-27T07:24:31.273-07:00What Are the Best Tips for ATM Safety?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg334yrqsNQCLGRczrNqoWiaWrBZ7ZT7SmAGVo3RwtHXWmdu7ew6P77Zzb2hy7OQg-ARAVY0u15Y9bxAmq4Rwxhz1vTGY0WrdWcP9n1M4-hH3efyQNZKOnHckII715e-q4YkSBh5GOMabQ/s1600/atm.jpeg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 183px; height: 196px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg334yrqsNQCLGRczrNqoWiaWrBZ7ZT7SmAGVo3RwtHXWmdu7ew6P77Zzb2hy7OQg-ARAVY0u15Y9bxAmq4Rwxhz1vTGY0WrdWcP9n1M4-hH3efyQNZKOnHckII715e-q4YkSBh5GOMabQ/s200/atm.jpeg" alt="" id="BLOGGER_PHOTO_ID_5622904370896925314" border="0" /></a><br />The best tips for ATM safety are often common sense; an awareness of one's surroundings, for example, is an important step to stay safe any time, not just at the ATM. In addition, another important ATM safety tip is to never count money at the ATM. When the cash comes out, put it away and then immediately walk or drive away from the ATM. ATMs located at banks tend to be the safest choice overall.<br /><span class="fullpost"><br /><br />ATM safety begins when choosing the best ATM to use. Do not use an ATM on the corner of a building, because this gives criminals an easy place to hide. Similarly, choose an ATM in an open, well-lit and often frequented area, away from any bushes or dividers that someone could hide near. The ATM should also feature a camera that records all transactions, and all people who walk up to the ATM.<br /><br />Once arriving at the ATM, make note of any people nearby; someone sitting in a parked car near the ATM, for example, is something to take notice of. It always important to trust one's instincts, not just for ATM safety but all the time. Even if the transaction has already begun, if one feels uncomfortable at any time, it is best just to cancel the transaction and go to a different ATM, or come back another time. Do not accept help from anyone else at the ATM; if there is a problem, it is best to go into the bank and ask for assistance from the bank employees. Similarly, never let anyone look over one's shoulder while entering the PIN.<br /><br />Another ATM safety tip is to stay aware of surroundings throughout the entire transaction. When in a car, keep the doors locked and leave space between any surrounding cars so that there is a method of escape. Do not do any paperwork while sitting at the ATM; for instance, take some deposit envelopes from the bank, fill them out at home, and have them ready to go upon arrival at the ATM. When possible, go to the ATM with a friend or family member, so that an extra set of eyes can sweep the area during the transaction.<br /><br />As much as possible, use an ATM in the daytime rather than in the evening when robberies are more common. Another important ATM safety tip to remember is that if a robbery does occur at an ATM, do not resist; hand over the money. Chances are, the criminal will be caught on video, and a little cash is not worth losing a life over.<br /><br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-5664821362041403162010-08-13T20:51:00.000-07:002010-08-13T20:53:38.732-07:00The Value of Having Good Home InsuranceShayna A.<br /><br />Home insurance has become a necessity as burglaries are on the rise and the possibility of natural disasters has increased in the last few years. These occurrences and other tragedies are not unlikely, and without insurance you may not be able to pay for damages. Damages can lower the cost of your property.<br /><span class="fullpost"><br /><br />Furthermore, all home insurance policies are not created equal. Trying to save a few dollars may cause you more headache and future expenses. Choosing a good home insurance policy requires as much time and thought as buying a home. You may not see the value when calculating the differences between the cheaper and more expensive quotes; however, a good, well researched policy has the potential of saving you thousands of dollars in the future.<br /><br />Searching for a good policy involves knowledge of the property. Take a look at the surroundings as well as the typical disasters that could occur and check to see if the property is in a high risk area. Is the house located in a flood or fire zone? Is the property location at risk of a hurricane or an earthquake? Depending on the specific hazard, your home should be covered according to the particular hazard zone. Even if the occurrence is rare, if you plan on keeping the house for an extended period of time, you should purchase home insurance with specific hazard protection.<br /><br />What items will be covered under the policy (i.e. the monetary value)? Add up the specific value of the items you would like reimbursed if damaged, and claim them on the policy. Typically, the policy should add up to the total cost to rebuild your home and replace all of your possessions. When attempting to determine the value of your home, do not use the full amount of the appraisal. The appraisal includes the cost of the land as well as the home price. Most likely, the land will not be harmed in case of a natural disaster.<br /><br />Proper research and planning will guarantee a smooth and proper selection process which adds value to having good home insurance. The better the condition of your house, the lower the premiums will be. Features such as updated locks, newer wiring and plumbing, proper fire extinguishers and smoke detectors will also keep the premiums at a lower cost. With lower basic premiums, you can add the more expensive personal items to the policy without raising the premium drastically.<br /><br />There is no question about the value of a good home insurance policy. With the proper research and guidance, you can find a great policy for a good price. Don’t run after the policies for the sake of price. Choose a policy which fully supports your needs and select one based on your criteria first. When you find what you are looking for, price can then be negotiated.<br /><br />Call upon the expertise of friends, family, and insurance professionals, and choose a carrier with a good reputation. Following these basic principles and doing your homework will make the selection process easy and efficient and will allow you to sleep easier knowing your property is in safe hands.<br /><br />Guest post author: Shayna A.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com1tag:blogger.com,1999:blog-7957487339003076580.post-194071081459314602010-08-13T20:46:00.000-07:002010-08-13T20:50:54.147-07:00The First-Time Buyers Guide to Homeowners InsuranceSo you finally own your own home. Congratulations. The first thing you are going to need is homeowners insurance. Homeowners insurance is one of those things no one likes to talk about. You want to enjoy your new home, not talk to an insurance broker . But while homeowners insurance is one of those things none of us want to use, it’s something we all have to have as homeowners. But before you talk to that insurance broker, here are a few things you should know about homeowners insurance.<br /><span class="fullpost"><br /><br /><span style="font-weight:bold;">What Is Homeowners Insurance?</span><br /><br />As the name implies, homeowners insurance protects you should something happen with your home. But it’s not quite as simple as that. As your insurance broker will explain, homeowners insurance is broken down into four components: Structure, Personal Belongings, Liability, and Living Expenses. You and your insurance broker will have to sit down and discuss each one in turn, as different families have different specific need for each type of insurance.<br /><br /><span style="font-weight:bold;">Structure Insurance</span><br /><br />The structure part of your policy covers actual damage to your house. This pays for repairs should your house be damaged or destroyed by a natural disaster such as fire, hail, lightning, or hurricane. It does not cover earthquake or flood damage; these must be bought separately in areas where they are needed. Be sure your insurance broker lets you know if you have an “all ails” policy. This means that, other than earthquake and flood, all disasters that damage your home are covered unless specifically excluded. Some policies only cover what is specifically INCLUDED, which is generally not what you want.<br /><br /><span style="font-weight:bold;">Personal Belongings</span><br /><br />This part of your policy protects the property inside your house, should they be stolen or destroyed. It is recommended that you purchase insurance for personal belongings equal to 50%-70% of what you purchased to insure the structure. If you have special items like jewelry that are particularly expensive to protect, you may wish to add a floater policy to protect these specific items.<br /><br /><span style="font-weight:bold;">Liability Protection</span><br /><br />This insurance protects you should guests be injured on your property. You will generally need to purchase a minimum of $100,000 worth of coverage, though at least $300,000 is recommended.<br /><br /><span style="font-weight:bold;">Living Expenses</span><br /><br />This coverage provides for you and your family living away from home while your home is being rebuilt if it should be destroyed or rendered unlivable. There is generally a standard premium attached to your policy for this coverage.<br /><br />Be sure to sit down with your insurance broker and discuss each section of the homeowners insurance policy in turn. Families with many children may wish to purchase extra liability protection while those with antique furniture may want more personal belongings coverage. Each family has different needs, and your insurance broker can best help you decide what type of distribution of coverage is best for you and your family. Don’t forget to ask any questions you can think of, and don’t sign any policy until you feel completely comfortable with what you have purchased.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com1tag:blogger.com,1999:blog-7957487339003076580.post-77942228134425629842010-03-16T01:11:00.000-07:002010-03-16T01:14:24.461-07:00Online Banking, Bill Paying and Shopping: 10 Ways to Protect Your MoneyOnline banking, bill paying and shopping are conveniences that most people want to enjoy. And most of the time, high-tech transactions are completed quickly and without a glitch. However, just as with other transactions, in a small percentage of cases something goes wrong. That's why you need to take precautions against theft and errors<br /><span class="fullpost"><br /><br />In particular, even as banks and merchants tighten up security, Internet thieves devise new, sophisticated ways to trick consumers into sending money or into revealing information that can be used to commit fraud. "Today's Internet threats wear many different disguises, from fake Web sites to fraudulent text messages on cell phones," warned Michael Benardo, Chief of the FDIC's Cyber-Fraud and Financial Crimes Section. "That's why online consumers need to be aware that they may be targeted and they should always be on guard."<br /><br />David Nelson, an FDIC fraud specialist, added: "Online fraud is an ongoing game of cat and mouse. Crooks continuously hunt for security holes, banks and merchants plug those holes, and then the criminals find new ones to slink through. But consumers play an important role in keeping crooks at bay by being aware of the potential risks, taking precautions and remaining vigilant."<br /><br />FDIC Consumer News, which periodically issues guidance to consumers regarding online precautions they can take, offers our latest collection of top tips. Note: Not all financial institutions offer each product or service described here.<br /><br />1. If you bank online, frequently check your deposit accounts and lines of credit to spot and report errors or fraudulent transactions, just as you should with traditional banking. "Your ability to monitor your accounts online has gotten easier, faster and more convenient now that banking by cell phone is starting to mature alongside banking online," said Michael Jackson, Associate Director of the FDIC's Technology Supervision Branch. "This is important, because the sooner you can detect a problem with a transaction, the easier it should be to fix."<br /><br />Nelson suggested checking your accounts online about once or twice a week, but he also noted that "more and more banks are making it easier for their customers to keep an eye on their accounts electronically. For example, many banks offer e-mail or text message alerts when your balance falls below a certain level or when there is a transaction over a certain amount."<br /><br />Federal laws generally limit your liability for unauthorized electronic funds transfers, especially if you report the problem to your financial institution within specified time periods, which will vary depending on the circumstances. A good rule of thumb is to check your statements promptly and report unauthorized transactions to your bank as soon as possible.<br /><br />2. Never give your Social Security number, credit or debit card numbers, personal identification numbers (PINs) or any other confidential information in response to an unsolicited e-mail, text message or phone call, no matter who the source supposedly is. Chances are an "urgent" e-mail or phone call appearing to be from a government agency (such as the IRS or the FDIC), a bank, merchant or other well-known organization may be a scam attempting to trick consumers into divulging personal and account information. It's called "phishing," a high-tech variation of the concept of "fishing" for personal information.<br /><br />Also watch out for phishing scams that involve bogus text messages sent to cell phones claiming that a bank account has been "blocked" and the recipient must call a certain number to fix the problem. If you make that call, you likely will be asked to enter your account number and PIN. The criminals can use this information to make counterfeit debit cards and drain your account.<br /><br />"Real bankers and government officials don't contact people asking for this kind of information," said Benardo. "Your bank will already have your account numbers and only you should know your log-in credentials, and a government agency won't have a need for this information."<br /><br />3. Don't open attachments or click on links in unsolicited e-mails from anyone you don't know or you otherwise aren't sure about. Sometimes these attachments or links can infect your computer with "spyware" that can change your security settings and record your keystrokes. "Spyware can secretly steal your passwords, bank or credit card numbers, and your answers to security questions like your mother's maiden name or your high school," Benardo advised. "Online thieves can use this information to log into your account, make changes and transfer money, leaving your bank account empty."<br /><br />In one recent example, criminals sent out fake IRS e-mails warning recipients that they were being investigated for unreported income and asking them to click on an attachment for more information. The file launched a program that allowed hackers to install spyware and other unwanted programs on personal computers (PCs) to access bank accounts.<br /><br />4. Watch out for sudden pop-up windows asking for personal information or warning of a virus. This is called "scareware" because it frightens people into providing information, downloading malicious software or paying for removal. If you get an e-mail or pop-up window saying your computer has a virus and it offers a program to clean your PC — and the warning window won't go away — your first step is to use the computer's "task manager" function and click "end task" or "force quit" to shut down the pop-up window. Scareware can be a nuisance to clean off your computer, so call your anti-virus software company if you need help.<br /><br />5. Use a mix of security tools and procedures. "Staying safe online is like protecting your home with lighting, locks, alarms and fire extinguishers," explained Nelson. "You can't rely on just one layer of defense to protect you from all online threats."<br /><br />At the top of the list of security tools to use — and keep updated — are anti-virus software to detect and block spyware and other malicious attacks, and a "firewall" to stop hackers from accessing your computer.<br /><br />Even if your computer seems fine, Nelson said, schedule an automatic anti-virus scan to run at least once a week but preferably every day. Call or e-mail your anti-virus vendor right away if you get a warning message and you don't know what to do next.<br /><br />Also consider these extra precautions as you use the Internet:<br /><br /># Don't log into your bank account while using public computers, such as at a library, or free wireless connections at coffee shops and similar places. Criminals often try to intercept Internet traffic, including passwords, from these locations.<br /><br /># Pay attention to the toolbars at the top of your screen. Current versions of the most popular Internet browsers and search engines often will indicate if you are visiting a suspicious Web site.<br /><br /># Choose "strong" user IDs and passwords that will be easy for you to remember but hard for hackers to guess. The strongest ones have a combination of letters, numbers and other characters, and are at least 10 characters long. For your online banking, choose IDs and passwords that are not the same as those you use for e-mails or social networking sites, just in case they get into the wrong hands. Also change your online banking password about every 90 days. And if you remove a computer virus from your PC, immediately change your password.<br /><br /># Have each person in your household bank and shop online and send e-mail through his or her own "standard user account." Not conducting these online activities through the computer's "administrator account" — the one that makes changes affecting all users — reduces the likelihood that a hacker can install unwanted programs on your PC. Limit the use of the administrator account to special tasks needed for your computer, such as adding or removing software and installing updates to your operating system.<br /><br /># Consider using a separate computer solely for online banking or shopping. A growing number of people are purchasing basic PCs and using them only for banking online and not Web browsing, e-mailing, social networking, playing games or other activities that increase the chances of downloading malicious software. You can also consider using an old PC for this limited purpose, but you should uninstall any software you no longer need and follow up with a scan of the entire PC to check for malicious software.<br /><br /># Only use security products from reputable companies. Nelson said one way to check out these products is by reading reviews from computer and consumer publications. "Look for a product that has high ratings for detecting problems and for providing tech support if your computer becomes infected," he said.<br /><br />Kathryn Weatherby, a fraud specialist at the FDIC, also cautioned that banks normally don't ask their customers to download software updates. "If you get an unsolicited request to update your banking software," she said, "independently verify it by calling your bank using a phone number from your bank statement, not the phone number that appears in the request, which could connect you to a scam operation instead of your bank."<br /><br />6. Beware of check scams. With unemployment high, con artists are preying on people who need cash. One common check scam involves attractive offers — usually originating in e-mails or online job postings — involving part-time work from home. As the new "employee," you will be sent a check to deposit (which will be counterfeit) and told to forward cash from your own account (to the crooks). Another scam involves "mystery shopper" programs where the new hire is given fake money orders or checks and asked to wire funds to the criminals. And unlike electronic transfers that are covered by consumer protection laws, fraudulent check scams often leave consumers suffering the loss.<br /><br />7. When shopping online, deal with reputable merchants and be wary of unbelievably low prices. "There is no guaranteed way to ensure that an online merchant you're unfamiliar with is reputable, but there are ways to avoid doing business with an unreliable one," cautioned Jeff Kopchik, an FDIC Senior Policy Analyst specializing in technology matters.<br /><br />First, he said, ask your friends and family if they've had good experiences with a merchant you're considering using. "If people you know have used and can recommend an online merchant, that's a strong indicator," he added. Second, you may already know and like some online merchants from their retail outlets, mail order catalogues or other services. They are likely to be a safer bet than an unfamiliar merchant that doesn't list a physical address or a phone number on its Web site.<br /><br />If you are uncertain about an online merchant, check with the Better Business Bureau Online (www.bbbonline.com). You can also search online for complaints about the business. Similarly, if you have a problem with an online merchant, file a report with the Better Business Bureau. The Bureau will notify the merchant about your concern and ask you if the issue was resolved. A legitimate merchant will attempt to fix the problem, while a crooked company may have many unresolved issues.<br /><br />8. Using a credit card generally offers more purchase protection than a debit card or other electronic forms of online payment. "Unlike paying with a debit card and the money being immediately transferred out of your account, with a credit card you generally have weeks to pay your bill," Kopchik said. "So if the merchant does not deliver as promised, you have time to dispute the transaction and even enlist the help of your credit card company." He also noted that federal law gives you certain rights, in areas such as dispute resolution, when buying with a credit card.<br /><br />However, watch your budget when using your credit card to shop online. Kopchik said studies have shown that people spend more when they use a credit card instead of cash, a gift card or a debit card.<br /><br />9. Be on guard against scams hiding behind online coupon offers. Web sites for legitimate coupons will only ask consumers to provide an e-mail address in order to use their service to search for online specials and discounts. Beware of any coupon site that asks for personal, financial or payment information, which can be misused by criminals.<br /><br />10. Be careful if you download banking software onto a cell phone. Many cell phones called "smart phones" allow consumers to add computer-like features ranging from video games to "mobile" banking. But cell phone users need to be aware of an emerging threat from criminals selling malicious software for mobile banking, some even falsely displaying bank logos. "These applications may contain spyware, and downloading them could be giving a hacker access to your bank account or payment card information," reported Nelson.<br /><br />His advice? "Only download mobile banking applications from a safe site, such as your wireless provider, phone manufacturer or your bank." When in doubt, he added, "contact your bank before downloading any banking applications to your cell phone." <br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-40352029274063117402010-02-23T20:16:00.000-08:002010-02-23T20:18:47.462-08:00Bank WireAlso known as a wire transfer, a bank wire is a means of electronically transferring funds from one financial institution to another. The wire normally involves a set amount of funds to transfer, and is initiated at the request of a bank customer. Usually, the receiving bank issues some sort of confirmation that the transfer was successful, although this is not always the case. For the most part, money transfers of this type are completed the same business day, although the posting of the receipts by the receiving bank may be delayed to the following business day.<br /><span class="fullpost"><br /><br />The bank wire is one of the more efficient ways to transfer funds quickly and securely. All that is required is the banking account information of the recipient, such as the routing code and the bank account number. With this information in hand, it is possible to initiate the wire, and have the funds delivered in a matter of minutes. The speed associated with a bank wire makes it extremely helpful in emergency situations, such as paying for goods or services that must be paid in full before shipment, or to supply loved ones with funds they need immediately.<br /><br />A bank wire can be successfully completed, even if the issuing bank and the receiving bank are not in the same country. This attribute makes a funds transfer of this type very attractive to businesses that operate on an international scale. A client in the United States who does business with a company based in the United Kingdom can easily submit payment for goods or services via a bank wire, with no delays. As long as the two parties involved make allowances for the different time zones involved, the transfer should be occur without any type lag time. However, if a customer in the US initiates a bank wire in the afternoon, there is a good chance the wire would not post to the UK company’s bank account until the following morning.<br /><br />Often, the funds transferred with the use of a bank wire are available for withdrawal shortly after they are received by the recipient’s bank. However, there are some banking institutions around the world that only post deposits until a certain time of day. For example, there are banks in the United States that will not post a credit a deposit to a customer account the same day if it arrives after 2:00 p.m. local time. For this reason, it is a good idea to know the policies and procedures of the recipient bank, as this will help prevent any delays in shipping goods or allowing access to the wired funds. <br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-27701504637209604762010-02-23T20:14:00.000-08:002010-02-23T20:16:51.938-08:00Cable TransferThe cable transfer is a form of wire transfer that involves the transmission of funds from a financial institution located in one country to a bank or financial institution located in another country. This type of electronic transfer makes it possible for individuals and corporations to engage in buying and selling outside national boundaries, without a great deal of impediments to receiving and making payments for goods and services rendered.<br /><span class="fullpost"><br /><br />Many people tend to use the terms of cable transfer and wire transfer interchangeably. Historically, there is a slight difference. While it is true that cable transfers and wire transfers are both methods for electronically moving funds from one location to another, one has to do with domestic transactions, while the other is focused on international transfers. The term of wire transfer is more properly used to describe an electronic funds transfer in which the point of origin and the point of termination are located in the same country.<br /><br />In the United States, a wire transfer is conducted using the electronic system put in place by the Federal Reserve System. By contrast, a cable transfer involves electronic funds transfers that originate with an entity located in one country, but terminate with a financial institution in a different country. In times past, the cable transaction was characterized by the use of submerged wires that supplied the medium for the international funds transfers.<br /><br />Internet technology has made the process of conducting a cable transfer much easier for the average consumer. In fact, many banks provide the ability for a customer to initiate a cable transfer by simply providing the needed information on a template. When completed, the template is processed by the bank and the cable transfer is completed. The customer receives a message via his or her online access to the bank accounts that the transfer request is completed, along with a confirmation number. <br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-32522885944849933382009-12-21T00:48:00.000-08:002009-12-21T00:55:26.292-08:00Can You Refuse to Show ID with Visa Credit Card?I received an interesting complaint from one of my readers. He currently has <strong><a href="http://www.mycardblog.com/go/chasefreedom.php" target="_blank">Chase Freedom Visa Card</a></strong>, <strong><a href="http://www.mycardblog.com/go/starwoodpreferredguest.php" target="_blank">Starwood Preferred Guest Card from American Express</a></strong>, <strong><a href="http://www.mycardblog.com/go/citidiamondpreferred.php" target="_blank">Citi Diamond Rewards Card</a></strong> and <strong><a href="http://www.mycardblog.com/go/citipremierpass.php" target="_blank">Citi PremierPass Card</a></strong>. I think we can learn a lesson from his story. Here is the story:
<br /><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C02%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> <p class="MsoNormal"><span class="“fullpost”"></span></p><span style=""><span style=""> </span></span><span class="fullpost"><p></p><span style=""><span style=""> </span></span><p align="justify"></p><span style=""> </span><p align="justify"></p>
<br /><span class="fullpost">I went to XXXXX (deleted by me) Buffet with some of my friends on May 3rd to eat. After our meal I went to the counter to pay and used my </span> <strong><a href="http://www.mycardblog.com/go/chasefreedom.php" target="_blank">Chase Freedom Visa Card</a></strong> <span class="fullpost">as payment. The cashier asked me to show ID to her and I kindly declined this request. I was then told that they were not going to be able to finish this transaction without my official government issued ID. I insisted that they should not see my ID because I have already signed on the back of the card and they can just check my signature. However, the owner of that restaurant was getting angry when I argued with him. Then he called the police and asked the police to arrest me for not paying for the dinner! I was fully embarrassed! I has 2 credit cards in my wallet at that time. After a while, one of my friends paid the money with his credit card along with his ID.
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<br /></span><p>After reading his story, I looked up some visa card agreements and found out that it’s a violation of their credit card merchant agreements to ask for ID in order to complete a transaction. As it’s cleared stated in an official VISA statement: Stores can’t deny a transaction unless the credit card itself is unsigned.</p> <blockquote><p>Merchants may not refuse to honor a Visa card simply because the cardholder refuses a request for supplementary information. The only exception is when a Visa card is unsigned when presented. However, “See ID” is not considered a valid signature. In these situations, a merchant must obtain authorization, review additional identification, and require the cardholder to sign the card before completing a transaction.</p> <p>To report any merchant practices that you feel are inappropriate, please notify the disputes area at the financial institution that issued your card account. Your card issuing bank has access to the appropriate Visa rules and regulations as well as to the Notification of Customer Complaint forms which should be used by your bank to document and file merchant complaints.</p> <p>As an alternative, you may contact the Global Customer Care Services to report merchant practices that you feel are inappropriate. Please contact the Global Customer Care Services at 1-800-VISA-911 (1-800-847-2911). Please advise them that you were referred to file a complaint. The staff will be able to initiate a complaint form over the phone.</p></blockquote> <p>Next time, when you was requested to present your photo ID with your visa card purchases, you can just deny it. You’re officially protected by the visa!</p><p><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C03%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> </p><p class="MsoNormal"></p></span><p align="justify"><span style=""><span style=""> </span></span></p><p></p><span style=""> </span><p align="justify"></p><o:p></o:p><p></p> <p></p>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-19291029063919801652009-12-21T00:45:00.000-08:002009-12-21T00:56:06.732-08:00Get Overdraft Fees Back from Bank of America by Writing to Their CEOBank of America used to be the largest bank by assets and second largest commercial bank by deposits before the acquisition of WaMu by JP Morgan chase & Co. Bank of America’s most popular banking products may be the MyAccess Checking Account and the Keep the Change program. However, there are a lot of complaints about the terrible overdraft fees. Here I will tell you the most useful method to get the overdraft fees back from Bank of America.
<br /><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C05%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> <p class="MsoNormal"><span class="“fullpost”"></span></p><span style=""><span style=""> </span></span><span class="fullpost"><p></p><span style=""><span style=""> </span></span><p align="justify"></p><span style=""> </span><p align="justify"></p> <span class="fullpost"><span style="font-weight: bold;">
<br />Why the overdraft fees are so terrible?</span>
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<br />First, what’s “an overdraft fee”? An overdraft item fee occurs whenever funds must be provided to cover a transaction that overdraws the account. Believe it or not, overdraft fees have increasingly become a source of profits. Banks and credit unions collect about $17.5 billion in overdraft fees per year. </span>As reported by <a href="http://www.usatoday.com/money/perfi/basics/2008-06-17-bank-fees_N.htm" target="_blank">USA Today</a>: <blockquote><p>In 2007, Wachovia put in place a tool that tells employees how much they can refund to customers hit by overdraft fees. The bank, in memos, also tells employees to “sell” a debit card with every account because it makes money when consumers use it.</p></blockquote> <p><img class="alignleft size-medium wp-image-1342" title="bank-of-america-over-draft-fee" src="http://www.mycardblog.com/wp-content/uploads/2008/10/bank-of-america-over-draft-fee-300x130.jpg" alt="" width="240" height="104" />Bank of America raised the fee charged on the first day a customer overdraws to $25 from $20. BOA also raised the number of times a customer can be hit with this fee per day to seven from five. It’s really terrible. Furthermore, the next following days after the first day, the fee is $35.00 for each item. A customer can easily get up to $500 fees just for the overdraft. And it’s vry common to pay $100 over draft fees for just 2 or 3 cups of coffee!</p> <p>It’s common to go to your local BOA branches to complain the over draft fees if it really happens to you. Or you may call BOA up to appeal. However, most of the employees are trained to give you a samll portion or even nothing to you. So there must be other ways to get the money back.</p> <p>After a little search on the web, I realized that the most effective way to get the over draft fees back is to write to their CEO!</p> <p>This has been confirmed to be successful for many victims of BOA’s over draft fees. <span style="color: rgb(51, 102, 255);"><strong>The CEO of Bank of America’s address is:</strong></span></p> <p>Mr. Kenneth D. Lewis
<br />100 N. Tryon Street.
<br />Mail Code NC-1-007-18-01
<br />Charlotte, NC 28255</p> <p>In the letter to the CEO, all you have to do is to state the reason why you have so many over draft fees and tell him that as a loyal BOA’s customer, you hope he can help you!</p> <p><span style="color: rgb(51, 102, 255);"><strong>And there are other methods to reach BOA’s executive customer relations.</strong></span></p> <p>Executive Customer Relations general line: 704-386-5687</p> <p>Nancy M. Condos
<br />VP/ Customer Advocate
<br />Executive Customer Relations
<br />Office of the Chairman
<br />nancy.m.condos@bankofamerica.com</p> <p>Martha Dominguez, Executive Customer Relations Specialist: 714-792-4264</p> <p>Corporate Headquarters (Bank of America):
<br />Bank of America Corporate Center
<br />100 North Tryon Street
<br />Charlotte, North Carolina 28255</p><p><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C03%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> </p><p class="MsoNormal"></p></span><p align="justify"><span style=""><span style=""> </span></span></p><p></p><span style=""> </span><p align="justify"></p><o:p></o:p><p></p> <p></p>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-68100148630699129972009-12-21T00:36:00.000-08:002009-12-21T00:56:50.792-08:00Cancel Citi Credit ProtectorMost of Citi credit card members enrolled in the Citi Credit Protector Program. But it seems there are few people forget to cancel the Citi Credit Protector after receiving the promotion bonus. (Free Digital Picture Frame and $50 Visa Gift Card) Of course, the “few people” include myself. This post is to remind you to cancel the Citi Credit Protector because whenever there is a balance on your monthly statement, you can to pay $85 cents per $100 balance.
<br /><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C05%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> <p class="MsoNormal"><span class="“fullpost”"></span></p><span style=""><span style=""> </span></span><span class="fullpost"><p></p><span style=""><span style=""> </span></span><p align="justify"></p><span style=""> </span><p align="justify"></p>
<br /><span class="fullpost">I enrolled in the Citi Credit Protector program early last November (for my <a href="https://www.citicards.com/cards/wv/cardDetail.do?screenID=909">Citi Dividend Platinum Select MasterCard for College Students</a>). And then I didn’t use that card for a while until recently I used that card to buy a round trip flight ticket. After the statement came out, I realized that there is a fee charged by the Citi Credit Protector. Thus I called them up and requested to cancel the service. After about several minutes, I was able to convince the customer service to cancel my Citi Credit Protector program.
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<br />The hot line for the Citi Credit Protector is 1-888-592-7344. This is a special line for Citi Credit Protector, if you call them through this number it will get you faster connection. Of course, you can use general Citi customer service number 800-347-4934 and them will transfer you to the Citi Credit Protector Program.
<br />
<br /></span><p>Just as any service cancellation process, the customer service representative will try to persuade you to stay in the program. The first time will just be a reiteration of program benefits, and make sure you aware of your benefits. Later on she/he will offer some small money of maybe lower your rate to try to keep you in the program. The cancellation process will be very simple if you insist to cancel your Citi Credit Protector Program (No, thank you!). And you have good reason to do so because in the agreement it clearly indicates that you can cancel Citi Credit Protector at any time for any reason.</p> <blockquote><p>You can cancel at any time simply by calling <strong>1-888-592-7344</strong> or in writing to Credit Protector Processing Center, at P.O. Box 901016, Fort Worth, TX 76101-2016. We may cancel your enrollment for any reason, but we will provide you with at least 30 days written notice of cancellation (except for cancellations based on account status).</p></blockquote> <p>Remember, whenever there is a balance shows up on your month statement you will be charged a fee of 85 cents for every $100 balance.</p><p><img class="alignleft size-medium wp-image-1613" title="cancel-citi-credi-protector" src="http://www.mycardblog.com/wp-content/uploads/2008/11/cancel-citi-credi-protector.gif" alt="" width="212" height="168" /></p><p><meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 10"><meta name="Originator" content="Microsoft Word 10"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5COwner%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C06%5Cclip_filelist.xml"><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0cm; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt; mso-header-margin:36.0pt; mso-footer-margin:36.0pt; mso-paper-source:0;} div.Section1 {page:Section1;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} </style> <![endif]--> </p><p class="MsoNormal"></p></span><p align="justify"><span style=""><span style=""> </span></span></p><p></p><span style=""> </span><p align="justify"></p><o:p></o:p><p></p> <p></p>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-56526196006464921952009-12-21T00:33:00.000-08:002009-12-21T00:36:52.189-08:004 Things to Look for in a Prepaid Card<span style="font-weight:bold;">This is a guest post from Tom.</span><br /><br />Tom Tessin runs a getting out of debt blog, as well as a prepaid credit cards list based site. Feel free to subscribe to his RSS feed at http://www.findsecuredcards.com/blog/rss.<br />If you’re like me, and you like to control your budget, I wanted to show you why you should consider a prepaid credit card for your wallet. If you’re into rewards, and capitalizing on credit cards, then this might not be the type of card for you. Honestly, it’s built for those that want to either get out of debt, or know how much they are spending each, and every month.<br /><br /><span class="fullpost"><br /><span style="font-weight:bold;">What is a prepaid credit card?</span><br /><br />A prepaid credit card will remind you a lot like a gift card. You’ll tie your bank account up with your card, and every time you want to load your card, you will log into your account, and send money to your card. The cool thing about most cards is that you’re able to set up daily, weekly, or monthly instant transactions, so that it automatically loads your card.<br /><br /><br /><span style="font-weight:bold;">4 things you should look for in a prepaid card</span><br /><br /><span style="font-weight:bold;">The fees:</span> A lot of these prepaid cards have fees. NEVER get one in a grocery store, or place like CVS. They rip you off in fees alone. Instead, look for a card online that allows you to bypass the fees. Most will make you link your bank account, in order to bypass the fees.<br /><br /><span style="font-weight:bold;">Major logo:</span> Every card should have a major logo that you apply for. Since you want it to be credible, you’ll want to make sure it comes from an issuer such as Visa, MasterCard, etc. It never hurts to do a little research on the bank as well.<br /><br /><span style="font-weight:bold;">Get rewards:</span> Yes, you can get rewards with your prepaid card! Some banks will give you interest on your deposit, while others will give you points for every dollar spent. It you can capitalize on the rewards, and then you’ll really make out.<br /><br /><span style="font-weight:bold;">Review it:</span> The last thing that you’ll want to do is review the card online. How do you do this? Just Google the name, and see what other people think. By doing this, you’ll get a fairly good vibe on how the card is. If you get a bad vibe, find another, since there are so many on the market.<br /><br />This is really all there’s to it in finding a card. Get a card with no fees, rewards, and from a legitimate bank, and you’ll be all set.<br /><br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-72106404240747012042009-12-21T00:24:00.000-08:002009-12-21T00:30:24.216-08:00Citi mtvU and Citi Forward Card Special Holiday PromotionCiti has two great student cards: the Citi mtvU Platinum Select Card and Citi Forward Card. If you are a college student, I strongly recommend you to apply for one of them. You will find out how much you can save for using the Citi mtvU Platinum Select Card and Citi Forward Card for your everyday uses. Now Citi is running a special holiday promotion for both of the Citi mtvU card and the Citi Forward Card. You can earn more bonus thankyou points during this promotion period.<br /><span class="fullpost"><br /><br />The promotion link is here.<br /><br />For the Citi mtvU Platinum Select Card you can earn bonus thankyou points for $25 gift card:<br /><br /> * Earn 1200 bonus points each of the first 3 billing periods your account is open when you pay on time and stay under your credit line<br /> * Earn up to 2,000 reward points twice a year for having a good GPA<br /> * Earn 25 points each billing period when you pay on time and stay under your credit line<br /> * Earn 5 reward points for every dollar you spend on dining, books, music and movies, plus 1 point for any other spend<br /> * Enjoy a 10% discount on music and entertainment products at shop.mtv.com<br /><br />For the Citi Forward Card you can earn bonus thankyou points for $75 gift card:<br /><br /> <span style="font-weight: bold;">* Earn 1200 bonus points</span> each of the first 3 billing periods your account is open when you pay on time and stay under your credit line<br /> <span style="font-weight: bold;">* Earn up to 8,500</span> bonus points after you make $250 in purchases and sign up for Paperless Statements within 3 months of opening your account<br /> <span style="font-weight: bold;">* Get a .25% </span>Purchase APR reduction when you make a purchase, stay under your credit line and pay on time 3 billing periods in a row<br /> <span style="font-weight: bold;">* Earn 100 points </span>each billing period when you pay on time and stay under your credit line<br /> <span style="font-weight: bold;">* Earn 5 reward points</span> for every dollar you spend on dining, books, music and movies, and 1 point for any other spend<br /><br />You can also get 0% APR on purchases for 6 months, if you qualify, based on your application and credit history. Both of them have $0 annual fees. Enjoy it!<br /><br /></span> <p><img class="aligncenter size-full wp-image-2423" title="Citi holiday promotion" src="http://www.mycardblog.com/wp-content/uploads/2009/12/Citi-holiday-promotion.jpg" alt="Citi holiday promotion" width="575" height="242" /></p>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-30506270117494135822009-12-21T00:20:00.000-08:002009-12-21T00:24:21.337-08:00UP to $350 Bonus from Gold Delta SkyMiles Credit Card from American ExpressThis is a hot offer from American Express. If you have a good credit history and credit score, I would suggest you give it a try. The Gold Delta SkyMiles Credit Card from American Express is offering up to 35,000 bonus miles for new customers. Plus you can earn 1 miles for every $1 spent with this credit card. This credit card offers 35,000 skymiles for a long time. But you can only redeem them for airline ticket before. Now Delta starts to provide some gift cards for redemption at SkyMiles rewards program. So instead of getting free airline tickets, now you are able to get up to $350 free gift cards!!!<br /><br />The application page of this credit card is at: <a href="https://www201.americanexpress.com/cards/Applyfservlet?csi=24/34268/b/293">https://www201.americanexpress.com/cards/Applyfservlet?csi=24/34268/b/293</a><br /><span class="fullpost"><br /><br /><span style="font-weight: bold;">The offer details are:</span><br /><br /> * 25,000 bonus miles with your first purchase.<br /> * 10,000 additional bonus miles after you make $1,000 in purchases within your first 3 months of becoming a Cardmember.<br /> * No annual fee for the first year, a savings of $95.<br /> * One mile for every eligible dollar spent.<br /> * Earn two miles for every eligible dollar you spend on qualifying Delta Air Lines and Delta Vacations purchases.<br /><br />So after spending $1000 in 3 months, you are eligible to get 35,000 bonus miles.<br /><br />Now you can go to Delta website to redeem those miles for gift cards (link):<br /><br /><span style="font-weight: bold;">Some featured merchants are:</span><br /><br />Saks Fifth Avenue, Macy’s, Old Navy, Lands’ End, Gap, Bloomingdale’s, Banana Republic, Barnes & Noble ……etc<br /><br />Good Deal!!!<br /><br /></span><strong>BTW:</strong> the <a href="http://www.mycardblog.com/go/platinumdelta.php" target="_blank">platinum version of this Delta SkyMiles Credit Card</a> is offeirng 15,000 bonus miles.<br /><span class="fullpost"><br /></span><a href="http://www.mycardblog.com/go/platinumdelta.php" target="_blank"></a><p><img class="size-full wp-image-2416 alignleft" title="gold delta" src="http://www.mycardblog.com/wp-content/uploads/2009/12/gold-delta.jpg" alt="gold delta" width="244" height="154" /></p>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-81607393556290301482009-11-22T22:33:00.000-08:002009-11-22T22:34:44.209-08:00Insurance ClaimsWhen you are involved in an accident insurance claims may not be the first thoughts on your mind. However, there are some procedures you should follow in order to preserve your right to file an insurance claim. This may be anything from hail damage to a stolen vehicle and does not refer solely to car accidents. <br /><span class="fullpost"><br /><br />The first thing you want to do is prevention. Most insurance claims can be prevented even before the incident occurs. For instance, to prevent auto accident’s be cautious and think about taking a defensive driving course. To prevent stolen vehicle insurance claims, keep you vehicle locked up and parked in a secure place. To prevent damage from the forces of nature do not travel in bad weather and keep your car in a covered parkway. There are many ways to prevent yourself from incurring loss. Most ideas are just common sense. However, for more information contact your insurance agent for ideas on prevention. Next, you will want to remain calm. When disaster strikes people react. That is our nature. However, sometimes people’s reactions can make things worse on their insurance claims. <br /><br />If you’re in a car accident this might mean taking the blame, leaving the scene of an accident, or putting your self in danger. If you’re car is stolen you may act on your reaction by accusing innocent persons. There are a number of problems that can arise when people over react that is why it is essential to your insurance claim for you to remain calm. <br /><br />Now, the next thing you need to be aware of is time. You see, time is not on your side when filing an insurance claim. The longer you wait the less your chances are of recovering your loss. Most insurance companies will not even consider a claim if it was turned in a certain amount of time after the incident. It is also harder to prove the longer you go before submitting an insurance claim. <br /><br />Finally, you will want to follow procedures and document everything. Insurance companies are hit with frauds all the time. In order to weed out the actual claims from the fraudulent ones, they have to have clear cut procedures. Unfortunately, this can sometimes be confusing to actual victims. Yet, they are in place out of the need to protect the company. This means that you will have to educate yourself to what the policies are. Find out what documentation you need and what forms you will have to file. If you need help, contact your insurance agent. That is what they are there for. If you follow this advice, you should be able to file a claim relatively easy and with the least amount of lag time before payment<br /><br /><br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-90145602942558954152009-10-31T22:26:00.000-07:002009-10-31T22:27:54.124-07:00How do I Open a Swiss Bank AccountIt is relatively easy to open a Swiss bank account, and you don't have to be rich or have a reason to hide your money to do so. Essentially, Swiss laws have one major requirement for those who wish to open a Swiss bank account: an account holder must be at least 18 years old. Besides that law, there aren't many other regulations, and a person can open a Swiss bank account using just about any type of currency, including United States dollars, euros, Swiss francs and others. In many cases, there's not even a specific minimum opening deposit. However, this can vary depending on the particular bank's rules, as can the minimum balance required to keep the account open.<br /><span class="fullpost"><br /><br />In most cases, an application to open a Swiss bank account will be processed and accepted without a problem. However, Swiss banks may reject applications because the origin of the money to be deposited is somehow suspicious or seems unclear. An application may also be rejected if the origin of the money violates regulations established by Swiss laws. For example, strict regulations are in place to prevent money laundering and other schemes that are illegal according to the laws of Switzerland as well as many other countries.<br /><br />It may be easiest to open a Swiss bank account in person. However, there are many Swiss banks that allow people to open accounts via the mail or facsimile. There are even some businesses that work to help others set up Swiss bank accounts from afar.<br /><br />To open a Swiss bank account, you may be asked provide authentic copies of official documents. This requirement is typically to prove the origin of the money and your identity. For example, you may be asked to provide copies of your passport as well as proof of your occupation, such as a tax return or professional license. You may also be asked to provide proof of where you obtained the money you're depositing, if not from your job. For example, such proof could include documents detailing the sale of property or winnings from the lottery; you'll also have to prove your date of birth and your official address.<br /><br />If you choose to open a Swiss bank account by mail, the application you need will be sent to you, and you'll have to mail it back, along with copies of the required documents. You also have to sign the application. If you open your bank account in person, you will still have to sign the application and provide your documents; you may also be asked to present a certified copy of your passport that has an apostille, which is a seal of authentication. Usually, apostilles can be obtained from notaries public. Though most banks in the United States accept a driver's license as identification, this is not the case with Swiss banks; you will have to provide an authentic copy of your passport.<br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0tag:blogger.com,1999:blog-7957487339003076580.post-40517885373764165272009-10-31T22:24:00.000-07:002009-10-31T22:26:27.906-07:00What are Different Types of Bank AccountsThere are several different types of bank accounts. Understanding them all can be difficult, as each banking institution may offer a broad range of bank account types. However, most bank accounts fall into one of five categories. By learning the different account categories, you can make deciphering the choices offered at your banking institution much easier.<br /><span class="fullpost"><br /><br />A checking account is a bank account that uses checks as the primary instrument for withdrawing money. With a checking account, you can make purchases, pay bills, and give or loan money to anyone you choose. You can also use a check to transfer money from your checking account to a bank account at a different financial institution. Usually, financial institutions allow account holders to make as many deposits and withdrawals as they wish. Many allow account holders to make withdrawals and deposits through automatic teller machines (ATM) as well.<br /><br />A savings account is another type of bank account that allows the holder to make deposits and withdrawals. However, savings accounts are not as flexible as checking accounts. Often, holders of this type of bank account are limited in the number of withdrawals and deposits they can make each month. Also, savings account holders are not able to access their money with checks. Many financial institutions allow savings account holders to make deposits and withdraw funds through ATM, however.<br /><br />Another type of bank account is a money market account. This type of bank account pays interest at a higher rate than the rate paid on interest-bearing savings and checking accounts. Often, money market accounts impose a minimum balance for the account to start earning interest. The minimum required balance on a money market account is usually higher than that imposed on a checking or savings account. With a money market account, withdrawals are limited to six per month. No more than three of these withdrawals can be by check.<br /><br />Time deposits, frequently referred to as certificates of deposit (CDs), are bank accounts that require the account holder to make a deposit and agree to leave funds in the account for a specific amount of time. In return for this agreement, the financial institution pays interest to the account. Often, the interest paid on a CD is higher that the rate paid on other types of bank account. The account holder is required to keep his or her money in the account until the specified term is over. However, some financial institutions allow account holders to withdraw interest, without affecting the principal. In some cases, account holders may be allowed to withdraw their principal funds before their CD matures, but a penalty is typically charged.<br /><br />Some financial institutions also offer basic, no-frills bank accounts. A no-frills bank account may allow the holder to pay bills and cash checks without paying the high fees associated with completing such transactions without an account. An account of this type will likely allow for only a limited number of checks, deposits, and withdrawals to be processed in any given month. In most cases, interest is not paid on a no-frills bank account.<br /><br /></span>bank insurace guideshttp://www.blogger.com/profile/04360819833705352686noreply@blogger.com0