Fraud has a frightening role in banking these days, so I thought it might be helpful to revisit the bios of some classic bad guys and introduce you to a new cast of characters.Botnet: A bot, short for robot, is an automated software program that can execute certain commands. A botnet, short for robot network, is an aggregation of compromised computers that are connected to a central "controller." Click Fraud: Inflating the number of clicks on a...more
A quick authorization of loans has a very special importance for unemployed people. With the help of a speedy fiscal aid in the form of fast loans for unemployed, you will be no longer with your cash troubles if you are an unemployed person who needs cash. Thus, a fast loans for unemployed becomes one of the prime the requirements for a jobless person. The quickness in approving loans cannot be seen in other regular loans as these are fast loans...more
Canadian banks may be the ones benefiting from the savings safety net many people have put their money into. A growing trend has seen Canadians putting their money into checking and saving accounts rather than high-risk investments. Banks have reported a 20 percent increase in the last year, which is up considerably from the normal 3 or 5 percent they saw the year before.Financial services consultant David McVay explains, "Canadians are more conservative than they were in 2007, adding that "more consumers are paying off debt, opening RRSPs and tax-free savings accounts than they were a year ago. We're seeing a shift from stock investing into keeping more money in savings accounts because of the financial crisis," he said."The banks are marketing to the uncertainty that Canadians have about their savings and retirement plans caused by the financial crisis," McVay said. This comes as banks see many baby boomers putting their money in safer places after declining stocks had a large impact on their retirement savings. Another equivalent loss could see them possibly working for another 10 years.The recent 20 percent increase in the banks checking and saving accounts will add up to about...more
secured loans are said to be the one which is backed by some sort of security against the loan amount and in the same manner a loan against the log book of your car is called as logbook loans. In this case the log book of the car acts as collateral against the loan amount and is treated as a secured loan against car.So we all aspire to own a car...more
Homeowners and commercial property owners have been told time and time again that an attorney is the best resource to help them avoid the foreclosure of their property. Many people only learn about the benefits of hiring an attorney after facing a financial hardship, but few understand the important services that attorneys can offer before a...more
A rent roll is a commercial property owners rental record that indicates who is current with their rent and who is not. Maintaining good rent rolls for commercial building loans is very important for the borrower because this information will be used by lenders to determine the borrowers eligibility for loan assistance programs like loan modification, short sale, or deed in lieu. When a commercial property owner begins to have trouble making their minimum monthly payments to their lender they can face foreclosure of the loan and the loss of the property that was used as collateral against the loan. In most cases, the collateral used to obtain a commercial building loan will be the commercial building itself.When the commercial building loan borrower comes to a point that they decide to request assistance from their lender in the form of a loan modification, for example, the lender will request certain documents and financial records in addition to an application for assistance. Usually, an application packet for assistance will include a lender specific form, copies of income and loss statements, bank statements, and a hardship letter. This requirement may change slightly from...more
The reason why many commercial loans have been foreclosed on and many dreams of business ownership have been ended is because business owners did not apply for financial assistance from their lender fast enough. Many borrowers decided to wait as...more
Provisions of long term loans made by the financial market have benefitted large number of people in Great Britain, people who could not otherwise secure this kind of loans which they require to fulfill some of their dreams. Many of them have...more
It is always not that easy to source funds, particularly at a time, when you are in desperate need of monetary assistance. The main trouble lies in complying with the terms and conditions, which ultimately delays the approval of the sum of amount....more
The housing sector in the US took a hard hit after the mortgage crisis a while back. Due to this mortgage mayhem, many home owners found themselves in the red as far as their mortgage repayments were concerned. Banks wanted their money yet were...more
Select banks have been entrusted with the responsibility of implementation of the program. To avail these benefits there are qualifying requirements. Obama refinance plan requires individuals to meet the eligibility criteria set in the plan...more
People have a number of needs but limited money to fulfil them. Many a times they meet financial emergencies before their next payday arrives. In such situations they look up to taking a loan, which will be most convenient for them. They may also...more