San Francisco, CA (PRWEB) July 2, 2008
NextAdvisor.com, a leading consumer information resource, today launched a free online how-to guide designed to help consumers read, analyze and dispute information on their Equifax credit report. The guide is the second in a series that the company will publish focusing on explaining credit reports offered by the major credit reporting bureaus including Experian, Equifax and TransUnion.
The guide is available for free on the NextAdvisor.com Daily blog at: http://www.nextadvisor.com/blog/2008/06/30/how-to-read-analyze-and-dispute-your-equifax-credit-report/
“It’s so important for everyone to understand their credit report and FICO score,” said NextAdvisor.com’s Associate Editor, Caitlin Podiak. “Equifax is unique in that they are the only credit reporting agency that offers a three bureau credit report, a FICO score and a FICO score simulator. Our Equifax credit report guide should help consumers interpret this useful information.”
The guide walks through each section of an Equifax credit report and explains its purpose in clear, straight-forward language. It also educates consumers on how to identify potential errors on their credit report and dispute credit report inaccuracies with Equifax.
NextAdvisor.com has already published an Experian credit report guide and plans on publishing a TransUnion credit report guide later this month.
The company has also published informative user guides focused on child identity theft protection and preventing identity theft on popular social networking sites Facebook and MySpace. Those guides may be found here: http://www.nextadvisor.com/blog/category/nextadvisor-guides/
NextAdvisor.com is the trusted, independent source for comparing the most valuable new services. The company’s mission is to help consumers save money and improve their lives by presenting them with useful comparisons and reviews of service providers along with a clear explanation of each service and how it works.
NextAdvisor.com currently reviews, compares and explains many different types of services including credit report and monitoring, identity theft protection, voice over IP, diet plans, DVD rental and movie download, online education, online tax preparation and online backup. The company’s reviews and comparisons are available for free at nextadvisor.com.
Agawam, MA (Vocus) July 3, 2009
The current economic downturn has forced many Americans to make substantial changes in their lifestyle. Across the country, families are dealing with the crisis of foreclosure, rapidly increasing unemployment, and a general lack of confidence in the economy’s ability to rebound. As life within the country becomes more challenging, perhaps the group most adversely affected is the elderly. Over the last two years, there’s been an increase in the number of elderly parents moving back in with their children, very likely out of economic necessity. Until now, there were very few resources to assist individuals who were thrust into the position of caregiver for their aging parents.
The recently released When Your Parent Moves In; Every Adult Child’s Guide to Living with an Aging Parent, written by David Horgan and Shira Block, is a book that addresses these issues head on. Through a series of personal stories, case studies and expert analysis, the book provides individuals with strategies they can use to make a successful transition to living with one’s parents. Among the topics discussed are the pros and cons of having an aging parent move in, the possible pitfalls of such a change and how to avoid them, adjusting the family dynamic, and most important, how to manage and protect everyone’s assets.
“Among the life changes our counselors help the public manage, having one’s parent’s move in is among the most intricate,” stated Christopher Viale, president and CEO of Cambridge Credit Counseling. “There are a host of concerns to consider, and, in that sense, the timing of Mr. Horgan’s book could not be better. It will make a fantastic resource for those faced with these circumstances by not only providing advice, but also empowering families to come closer together.”
Cambridge Credit Counseling is fortunate to have the author, David Horgan, conduct a special community seminar at their offices on July 15, 2009. Mr. Horgan will discuss a variety of topics from his book, with a special focus on the financial concerns of such an arrangement. Afterward, Cambridge’s certified credit counselors will be available for individualized sessions to help families establish budgets and address any other credit related concerns they may have.
Cambridge’s seminars are offered free to the public each month. Because space is limited, those interested in attending are encouraged to contact Thomas Fox at 413-241-2362 to reserve seating.
About the Authors:
David Horgan (Ludlow, MA) is an award-winning medical educator, filmmaker, and director who brings his firsthand account of what to do, what not to do, and what can happen (the good and the bad) when a parent moves in. He has been interviewed on this subject by USA Today and ABC News. Mr. Horgan has been repeatedly interviewed by NPR, ABC, NBC, CNN, USA Today, New York Times, Boston Globe, Boston Herald, Entertainment Weekly, and other media outlets.
Shira Block (Wilbraham, MA) is a popular lecturer, freelance writer, and personal coach. She is the author of The Way Home and Step-by-Step Miracles: A Practical Guide to Achieving Your Dream. She has a master’s degree in psychology and counseling with a concentration in family therapy.
ABOUT CAMBRIDGE CREDIT COUNSELING CORP.:
Cambridge Credit Counseling Corp. is a professional debt counseling agency dedicated to educating young adults on the importance of sound financial management and providing financially distressed Americans with education and debt management services appropriate to their needs. Visit Cambridge Credit Counseling Corp. online at http://www.cambridgecredit.org. To learn more about Cambridge Credit Counseling Corp. and the community, please visit http://www.youtube.com/CambridgeCredit.
Contact: Thomas Fox
Cambridge Credit Counseling Corp.
Louisville, KY (Vocus) September 19, 2009
When times are tough and margins tight, cutting costs is essential. However Amy Jackson, Vice President of Insurance for Farm Credit Services of Mid-America, stresses that cutting back on one’s life insurance isn’t a good option.
“Our customers have worked hard to build their farm operations, homes, and plans for their families’ futures,” said Jackson. “In difficult economic times, it’s more important than ever to maintain appropriate levels of life insurance coverage as an essential part of one’s overall risk management strategy.”
With September being Life Insurance Awareness Month, Jackson said that now is a good time for customers to take stock of their provisions for protecting their loved ones or for securing the future of their businesses. Many factors — marriage, children, grandchildren, debt, employment changes, aging parents, business structure, retirement — can create changing needs for insurance. And while no one likes to think about death, she said that sooner or later nearly everyone needs life insurance for things like:
Replacing income for your family’s living expenses
Paying off debt or other obligations
Cover final expenses (funeral, medical, long-term care, etc.)
College funding for your children or grandchildren
Estate transfer and tax obligations
Jackson said that FCS offers many products to meet the life insurance needs of its customers, from the most competitive and financially sound insurance companies in the market — A-rated companies like Minnesota Life, Prudential, Banner Life, West Coast Life and more.
While FCS offers a complete line of products to meet differing needs, Jackson said that in today’s tough and volatile economic climate, customers seeking the maximum coverage for their insurance dollar might want to consider term life insurance.
“Term life insurance typically offers the highest benefit at the lowest cost to the customer, and all death benefits are tax free to the beneficiaries,” said Jackson. “Our term products are individually written for amounts ranging from $ 75,000 up to $ 10 million or more, depending on your needs. Term life is a key component in many customers’ overall life insurance coverage today.”
FCS provides terms of five to 30 years, with the coverage and premiums remaining level for the term selected. For an additional cost, customers may also choose to add optional benefits such as:
Return of Premium – Rider provides 100 percent of the premium paid back to the insured, if still living at the end of the term. A great investment tool for younger folks.
Child Rider – Provides coverage to all children under age 17, can be purchased in $ 1,000 units.
Convertibility Options – Allows customers to convert their term policy to a permanent policy without having to prove insurability. A great option in the event of a life change such as failing health or the need for coverage beyond the original term.
Farm Credit Services of Mid-America currently provides life insurance coverage for one of every six customers, with over $ 1 billion in customer lives insured. Other popular options include group life insurance for FCS loans, and disability coverage for mortgage loans.
FCS has a number of calculators and other resources available to help customers determine their insurance needs. To access them, visit http://www.e-farmcredit.com (click on Farm Loans, then Insurance). You may also contact your local FCS office to request a free custom quote at no obligation.
About Farm Credit Services of Mid-America
Farm Credit Services of Mid-America is an ag lending cooperative managing over $ 15.5 billion in assets and serving over 85,500 farmers, agribusinesses and rural residents in Kentucky, Ohio, Indiana and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating, equipment and housing and related services such as crop insurance and life insurance and vehicle, equipment and building leases. For more information about Farm Credit or the nearest FCS office, call 1-800-444-FARM (3276) or visit them on the web at http://www.e-farmcredit.com .
Austin, Texas (PRWEB) September 30, 2009
When financially-troubled consumers evaluate their get-out-of-debt options, far too many of them get needlessly hung up on how a particular option will affect their FICO scores, says Michael Bovee, president of the Consumer Recovery Network (http://www.consumerrecovery.com). He explains, “Although consumers who are not in financial crisis should always be mindful of their FICO scores when they are managing their money and making financial decisions, credit scores are the last thing consumers should be worried about if they are running out of money, can’t meet their financial obligations, and at risk for losing their assets. They should focus their attention instead on determining which debt management option will work best for them taking into account the dollars and cents and the flexibility of each option. They should also consider issues like their employment status and their likely financial needs and goals over the next 5 to 10 years. For example, do they expect to be in the job market soon, maybe because their current job is not secure or because they need to earn more money; will they be applying for a federal PLUS loan in a couple years to help fund the college education of their child; is it likely that they will need to finance the purchase of a new vehicle in the foreseeable future, and so on? Consumers’ answers to such questions may argue in favor of a particular debt management option.” Bovee warns that consumers who fail to focus on the right issues risk making irrational decisions about what to do about their debts which would probably make their financial situations worse as a result.
According to Bovee, consumers have three basic options for resolving their debts. Each option has its own pros and cons when evaluated using his decision making criteria. Those options are:
Enroll in a debt management plan (DMP) sponsored by a nonprofit credit counseling organization. Typically the interest rate on the debts in the plan will be reduced, which will lower a consumer’s monthly payments. However, statistics show that most DMPs take 5 years to complete and in today’s shrinking job market it’s important to get out of debt faster than 5 years whenever possible. Consumers who take longer will be at greater risk for seeing their income go down while they’re paying on their plan, which could mean that they wouldn’t be able to remain in the plan. If that were to happen, they would lose the lower interest rates on the debts that they are paying off through their DMP and the new rates on those debts end up being higher than what they were prior to starting their plans. In fact, a 2006 study released the National Foundation for Credit Counseling revealed that only 26% of the consumers enrolled in one of its DMPs actually completed their plans.
File for bankruptcy. Consumers who are able to qualify for a Chapter 7 liquidation bankruptcy will get most of their debts wiped out (discharged) relatively quickly although they may also have to give up some of their assets in return. The fact that they filed for bankruptcy will be in their credit histories for ten years; even so, they will be able to obtain small amounts of new credit 2-3 years after their discharge.
Consumers who file a Chapter 13 reorganization bankruptcy will be responsible for paying off most of their debts (the full outstanding balances on some types of debts rather than something less) over a 3 to 5 year period according to the terms of a court-approved and supervised plan and may not have to give up any of their assets. (During that time the consumers’ finances will be under the court’s microscope.) Historically however, only 30% of consumers actually complete their Chapter 13 bankruptcies.
Both types of bankruptcy will trigger an automatic stay, which is a court order stopping the collection actions of creditors. Those actions include foreclosures, repossessions, and lawsuits.
Settle debts. Debt settlement involves negotiating reduced balances on consumers’ unsecured debts. Typically, settlement helps consumers get out of debt faster than filing for Chapter 13 bankruptcy or participating in a DMP. As a result, consumers who pursue debt settlement can begin rebuilding their credit histories sooner and generally can qualify for new credit about 18 months after completing their last settlement. However, settling a debt won’t stop lawsuits related to their unsecured debts like bankruptcy will, although reputable debt settlement firms will work to reduce the likelihood of lawsuits.
In Bovee’s opinion, taking the math and other practical factors into consideration and putting FICO scores aside, Chapter 7 bankruptcy provides most consumers with the fastest most complete relief from too much debt. However, when DMP and settlement are compared, settlement is usually their second best option.
CRN helps consumers protect their rights when they have too much debt, make sound financial decisions, and alleviate their economic stress by providing them with clear-cut debt settlement education and advice coupled with affordable full service debt negotiation and settlement services. (CRN does not settle student loans, car loans or mortgages.) Its consumer education, coaching, and debt negotiation and settlement services coupled with its reasonable fees have made CRN a leader and innovator within the debt settlement industry, setting standards for fairness, ethics and best practices.
(PRWEB) February 16, 2010
MBNA Ireland Credit Cards is offering all Halifax customers 0% APR for 10 months on balance transfers, for anyone who will have to switch from their current Halifax credit card. Normally reserved for new customers, existing Halifax customers can benefit from MBNAs 0% APR on balance transfers, money transfers and credit card cheques for 10 months* with a highly competitive rate of 14.9% APR (variable) thereafter and on card purchases.
Six reasons to balance transfer to the MBNA Platinum credit card
1) Its easy to switch
2) Fantastic rate of 0% APR for 10 months*
3) Get an instant decision on the application **
4) Total control with an online account management system
5) On-line security and peace of mind with MBNA 3D Secure
6) No annual fee (but there is a Government tax charged per annum for each credit card account)
Orna Henry, Head of Marketing, MBNA Ireland, said: With our outstanding balance transfer offer of 0% APR for 10 months and with a highly competitive rate of 14.9% APR (variable) thereafter and on card purchases, we would like to encourage Halifax customers who are seeking to switch their credit card balance to call us on 1800 32 62 62 or apply on line at http://www.mbna.ie
Once this offer has been taken advantage of, the credit card can be used in over 20 million places around the world. And up to three additional cardholders can be connected to each credit card***.
Applications for the credit card can be made immediately by applying online at http://www.mbna.ie or by calling 1800 32 62 62. Its a simple click or phone call away.
*Please note the promotional rate will be withdrawn from the beginning of any statement period during which the terms and conditions have been breached, for example by paying the monthly payment late or by allowing the balance to go over the agreed credit limit.
**For an instant application decision the opening hours are Monday to Thursday 9am-7pm and Friday 9am-5pm
***Any additional cardholder(s) must reside at the same primary address and have a relationship of close family member (defined as; spouse, child, parent, sibling or domestic partner)
Notes to Editors:
The information contained in MBNA Europe’s press releases is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in finding out more about any of MBNA Europe’s products should visit http://www.mbna.ie/creditcards/directory.html for full terms and conditions.
About MBNA Europe Bank
MBNA Europe, a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC), is the recognized leader in affinity marketing. MBNA credit cards and related products and services are endorsed by more than 5,000 organisations worldwide. For more information, visit the companys web site at http://www.mbna.co.uk or Bank of Americas site at http://www.bankofamerica.com.
Fort Lauderdale, FL (PRWEB) May 23, 2011
In most countries women on maternity leave are guaranteed between 75% and 100% of their salary, according to the International Labor Organizations study Maternity Protection At Work. The United States has no legal requirement for paid maternity leave and lags behind in securing the rights of women who return to work after having children, says the U.N. sponsored report.
If you dont budget your finances and take in account your loss of income due to maternity leave you could be heading for trouble. The birth of a child sends many families into an overwhelming cycle of credit card debt, late payments, and harassing collection calls. Temporary loss of income and unexpected expenses during maternity leave is one of the most common cause people end up in credit counseling. says Howard Dvorkin, the founder of Consolidated Credit Counseling Service, Inc.
Warning Signs For Credit Problems:
— Your credit cards are maxed out and youre only paying the minimum.
— Youre using one card to pay off another. Dont fool yourself into thinking you squaring away your debts. All youre doing is borrowing more money.
— Bills are paid with money intended for other things.
— Money is borrowed or credit cards are being used to pay for items that used to be bought with cash.
— Savings are used to pay current bills.
Under normal circumstance making only minimum payments on your credit cards is unwise. Minimum payments cover mostly interest. For example, if you want to pay off a $ 5,000 debt with minimum payments it can take 7 to 10 years and can end up costing as much $ 15,000 to $ 20,000! During maternity leave making only minimum payments may be necessary evil, but planning to use your credit cards as a safety net for unexpected expenses is foolish.
Money Rules to Follow
Phoenix, Arizona (PRWEB) October 26, 2012
According to a recent MSNBC article published in June 2012, credit card fraud is up 87 percent since 2010, resulting in a total loss of $ 6 billion. While consumers may be more vulnerable to having credit card information stolen, small businesses are often the largest losers in merchant account scams and credit card fraud.
Business owners with merchant accounts have to take care to avoid scams and fraudulent charges, especially since they are responsible for the expenses associated with a chargeback. In addition, the cardholder may be protected from unauthorized transactions, but the merchant must cover the cost of stolen goods and services. Furthermore, a practice known as friendly fraud may happen when a customer charges back a transaction even though they received a product or service with no problems.
According to Jeff Stephan, CEO of Capital Processing Network (CPN), a leading merchant service provider, fraud and scam prevention techniques will reduce credit card fraud. Business owners owe it to themselves to beware of common schemes, and train their employees to look for instances where transactions are not being processed honestly, said Stephan. Additionally, there is the time element required in processing a chargeback and the increased risk category that may raise your credit card processing fees or even cause you to lose your merchant account.
CPN provides customers with the following tip for preventing and avoiding merchant account scams and credit card fraud:
(PRWEB) June 8, 2003
King of Prussia, Pennsylvania, and Beverly, Massachusetts, June 6, 2003 Fiserv Inc. (Nasdaq: FISV) and Monetrics announced plans to develop a joint interface, tying the power of the unique, automated Monetrics Decision Engine to the automotive finance industrys foremost portfolio management software from Fiserv LeMans. The combination will enhance Fiserv LeMans existing credit scoring capabilities to provide an integrated, comprehensive analysis of a borrowers total default risk.
“The partnership between Monetrics and Fiserv LeMans will deliver the technology to automate and expedite the credit underwriting and credit decision processes, including optimizing portfolio collections management,” said Kevin Collins, President and Chief Executive Officer of Fiserv LeMans. “Clients of both companies will benefit from this new portfolio management tool.”
Decision Engine Technology
Monetrics Decision Engine technology utilizes patent pending relational decisioning that dramatically increases the automation rate. The technology emulates the human decision-making process and enables complex loan approvals for difficult applications without sacrificing automation. This new technology will permit Fiserv LeMans clients to evaluate and analyze multiple risk factors consistently in every loan application decision.
Through its VehicleLinQ product suite, Fiserv LeMans provides a seamlessly integrated set of solutions for automotive finance, from contract origination through termination and resale. Its Credit Processing System (CPS) is the gateway to the VehicleLinQ solution, automating the front-end process from application entry to discounting. Using CPS and the other VehicleLinQ components, organizations can manage a portfolio from credit processing and booking to
collections, including customer service, title management, inventory tracking, auction sales, collection of end of term and credit loss recoveries. The systems include management-defined queuing capabilities and enable universal memos (memos are stored in one location and are available to all systems) for retail, lease and balloon note accounts.
About Monetrics, Inc.
Headquartered in Beverly, Massachusetts, Monetrics, Inc. (http://www.monetrics.com) is a developer of decision technology and decision support systems for the finance industry. Using its innovative and proprietary Monetrics Decision Engine technology, Monetrics products permit clients to evaluate and analyze multiple risk factors in all decision making instances, helping to better evaluate the borrowers total default risk. Monetrics can be found on the Internet at http://www.monetrics.com.
About Fiserv LeMans
Fiserv LeMans is a unit of Fiserv, Inc. (Nasdaq: FISV) and can be found on the Internet at http://www.fiservlemans.com. Fiserv provides industry leading information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 13,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $ 2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at http://www.fiserv.com.
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San Diego, CA (PRWEB) February 6, 2006
Harbor Credit (http://www.harborcredit.com), the premier resource on automotive and consumer lending, today announced the launch of a new lead program for auto dealers (http://www.harborcredit.com/dealers/).
The program was created to serve as the premier source for auto dealers nationwide. Harbor Credits marketing delivers the highest quality online auto sales leads and special finance leads available anywhere, with 100% of the qualified car buyers in a single area going to local dealerships. All leads are exclusive as well, meaning they are never resold to competitors. Participating dealers receive real-time leads, via fax or email, in their specified geographic market, with minimum income filters set to their preferred guidelines, and prices that deliver low cost-per-sale (CPS). In addition, there are no monthly fees, start-up costs, or long term commitments.
Harbor Credit already serves hundreds of clients across the country. Rob Gaudio, President of Harbor Credit, said of the newly added program, We treat every dealer as though they are our first, largest, and top-generating dealer. Too often, in most dealer-marketing relationships, the dealers are mistreated. Fact is, they are our customers, and in HCs Auto Sales Leads Program we are going to make them a top priority and deliver the most qualified leads in the business.
Harbor Credit has also teamed up with Ed McMahon to provide an exclusive Direct Mail program that is designed to increase dealers business with minimal investment. Gaudio went on to say, With the voice of a well-known and reliable personality like Ed McMahon behind them, the potential of these marketing campaigns is endless. Backed by over 40 years of automotive experience on all levels, and unparalleled resources, Harbor Credits innovative and unique technology puts the power of a dealers campaign back in their hands.
With a rapidly expanding national dealer network, Harbor Credit is actively seeking franchised and independent dealers, especially those that are proficient in sub-prime auto financing (email@example.com).
About Harbor Credit
Harbor Credit is a leading developer of middleware solutions for the consumer lending industry. Based in San Diego, CA, the company provides consumers with on demand access to multiple dealers and lenders along with up-to-date, unbiased credit and lending information. Harbor Credit assists millions of people in making educated decisions about the credit products they buy, including auto loans and auto refinance, new and used car listings, mortgage loans, student loans, personal loans, and credit reports. For more information, visit http://www.harborcredit.com or call 800.308.5262.
(PRWEB) August 08, 2012
Generations Federal Credit Union has partnered with KENS 5 and Jon Wayne Heating and Air Conditioning as part of the Bills Elves School Supply Drive. The annual event encourages the San Antonio community to donate school supplies for more than 6,000 local children who are under the care of Child Protective Services. KENS 5 Weatherman Bill Taylor serves as the host of this annual event.
The community can donate in a variety of ways, including:
1) Drop School Supplies off at the KENS 5 studios from 6 p.m. to 7 p.m. anytime during the week of August 6 through August 10
2) Donate online at http://www.mygenfcu.org/billselves
3) Bring school supplies into any Generations Federal Credit Union branch
4) Contact Jon Wayne to pick up supplies
As we gear up for back to school, there are many worthy school supply drives going on around San Antonio, said Ashley Harris, associate vice president of corporate communications for Generations Federal Credit union. But I think its important to remember that these children are under the care of Child Protective Services, so they have seen a downside of life that no child should have to see. We really wanted to step up to the plate and make a difference in their lives.
The school supplies will be delivered to the CPS offices during the week of August 13.
Generations Federal Credit Union was founded in 1940 and has a rich history of serving all who live, work, worship, volunteer or attend school in Bexar County with its people helping people approach. The credit union has been recognized locally, regionally and nationally for innovative, award-winning services that reach out to everyone in our great community as they work toward their financial goals.