Debt Consolidation Credit Counseling In Phoenix

Do you remember that 1981 hit from "Men at Work called Land Down Under?" (OK, so I was a big Men-at-Work fan, I admit.)

When I received an email from a Korean guy that went by the name Joe, It got me thinking about the show.

How Is This Related To Buying Notes?

Because Joe told me a little story today that demonstrates one of the most important lessons in the world of how to find notes. Relationships matter.

In fact, not only do relationships matter, but "commonalities" matter. In other words, what you want to do when you're trying to find notes is to find out ways to build ties with your seller.

The commonality can be a list of things like sports, pastimes, favorites books, foods, etc. They can be social, cultural, sports-related, geographical, you name it. Just find something in common.

Joe's Little Gem - His Story on How To Find Notes

Here is the email that Joe sent to me:

"I own a Korean Investment Club, and last week I was approached by a big Korean bank. They wanted me to the buy the notes from the person that was in charge of defaulted mortgages. Because of my lack of understanding, I'm not ready to think about buying notes yet. The first trust deed had a face value of about $2.7 million including interest, and the the property was a 79 room motel with restaurants. The Bank asked me to offer any amount for the note. Now I am very interested in buying the notes. This property is well worth over $4.1 million. What do I need to do? Thank you for your help."

So what are we looking at here?

There is Joe, the owner of a Korean Real Estate Investment club. And then we have the big Korean Banks offereing an interesting lead.

Does Joe Know Anything About Buying Notes?

Joe knows nothing. And if asked if I thought that he made a great pitch to this big Investment Bank, saying that he was the perfect person to buy their nonperforming notes, I would say no.

No he did not. The note buying opportunity found him. And it also seems that they are willing to accept any offer that he makes on that note.

Just for a little while, try to stop focusing on the fact that Joe might be able to offer a low bid on this note and actually close his first note buying deal. This can be a great a deal! If the value of the collateral is actually $4 million and if the loan is a non performing note, Joe will have the opportunity to foreclose on a motel.

I want to point out something that is so simple when you are trying find notes. It is so simple, you probably looked it over thinking that there is a bigger lesson here.

What kind of a bank is this? Korean. And where's Joe from? Korea.

It shouldn't be a surprise that this note, which is a California property happens to find its way to Joe.

Tips on Finding Notes

Remember when you are trying to find notes, banks often want to sell notes to people that they can talk to.

Most of the time, the people that they can talk to have other similarities. They might look like them, talk like them, do business like them, live like them, or enteretain themselves just like them.

Chances are: even if I were Mr. Well Known Note Investor and I found a way to that Korean Investment Bank, I would probably never get the same reception and credibility when trying to find notes that Joe has. You see, they'd rather deal with him than you or me because Joe is one of them in a way that you and I never will be. So the process of "getting to know one another" for Joe and this bank will always be a whole lot smaller than the same process for your or me.

Now go out there and apply this note buying tip.

Find the similarities that You and your Seller share.

Go find someone who speaks your language, and then see if they have notes for sale.

Occasionally, bad things happen to good people. They lose jobs, or a they experience a severe or catastrophic illness and income dries up. Many times, their credit ratings also begin to fall. After that, the chances of getting regular credit can be slim for a while, but they may still have a need for some form of credit. The question that should be asked in those cases is do you need a guaranteed bad credit loan?

High Interest Rate Loans. A guaranteed bad credit loan is nothing more than a loan given out by a loan funding source which has more expensive repayment terms due to the riskier nature of the loan. Because money for these kinds of loans comes from money markets that charge more to get the money, lenders must in turn charge borrowers more for loaning it to them. Remember, the worse your credit is, the more interest you'll generally pay. Both lenders and borrowers risk more in this process, which is a good explanation for why these loans have higher interest rates.

Applying for One. These loans cost more to get, so ensure you have to have one before committing yourself to any loan terms. And check with banks or other standard lending sources first. You may just qualify for a regular loan. In any event, credit is almost a necessity everywhere these days, so having or creating a good credit repayment history can pay off in the long run.

Does A Guaranteed Bad Credit Loan Help? If you need to work on repairing bad credit, and a loan payment history is what's required, a loan of this type can help. Just make sure it's repaid on time and fully. Remember, every time you make a payment when it's due, your credit score improves a little. When you don't, it goes back down. Always pay a loan back, and always pay it on time.

Be Careful. Watch out for funding sources who tack on excessive late charges or hidden service fees. Also, read over the loan contract in full before committing to its terms. Make sure you get all questions answered to your satisfaction.

Summary. A guaranteed bad credit loan serves a useful role in our credit-driven society. If you need one, take caution and examine all loan documents carefully before signing.

Have you ever received an email from a company that you do business with asking you to visit a website to update some personal information? You are asked to enter you login information and update some vital personal information. But, how can you be sure that you are at the website that you think you are, and not someplace that is looking to steal your information?

Criminals creating websites to look like a company or financial institution is becoming a very large problem. The sole purpose for these sites is to trick you into revealing your personal information. The combination of using email and websites to fool you into giving out personal information is called "phishing".

Because they look like the real thing, it is sometimes very hard to spot a phishing email. The problem is that once you click on a link in a phishing email, you go to a website that is there only to steal your personal information.

These phishing websites will look very similar, if not identical to the website of the actual company. You can usually tell that they are not the real deal by looking at the web address you were taken to when you clicked the link. It will normally have the name of the legitimate company in it somewhere, but the rest of it will be very unusual.

You have to remember that the people who are sending phishing emails are professional thieves. There is a whole lot of money to be made by tricking people into giving out their personal information, so they usually spend a great deal of time and effort to make both the emails and websites look very real.

Coming across as being the real website is something that the phishing criminals spend a lot of time to perfect. Because they want to ultimately steal your personal information, and profit from this, they will go to great lengths to appear to be real. They will use the appropriate logos and other features that you will find on the real website, which tends to put you at ease.

It can be very difficult for the average person to determine if an email or website is real. The criminals are counting on you to not be able to tell the difference and trust that you are on the real website. This lets them steal your information with great ease.

Your best defense to a phishing attack is to make it a habit to never click on a link in an email. Even if you think the email is real, you are better off to go to the website as you normally would. If you never click on a link in a phishing email, then you can never become the victim of a phishing attack.

Now, let's have a look at some ways to increase the chances of obtaining a loan modification. These little known facts greatly step-up your chances of success. Let's go over a couple of tips.

If you want to qualify, you have to prove financial hardship. This requires you to write a 'hardship letter' to your lender. In this letter, you explain your financial situation. Also, make sure you tell your bank what measures you will take to improve your financial situation. Finally, tell the bank you're committed to continuing being a home owner.

If you set up a new home budget and free up some money, this gives you more space for monthly payments. You have to be aware of your expendable income to be able to determine a realistic monthly payment. Reassure the bank that can pay that monthly amount now and will be able to keep it up in the future.

Take the time to complete the necessary financial statements for the lender. Don't leave out information and be thorough. Make the lenders job easy by supplying a complete financial statement including a financial offer for the future.

If you're applying for mortgage loan modification, plan ahead and do your research. The second you know the approval criteria, you dramatically increase your chances of success. Know that time is not your ally when doing mortgage loan modification. Saving your home starts with doing the necessary planning.

If you are making or thinking of making 401k contributions, then you may want to start using a retirement calculator before you put any more money away for your future.

Using a retirement calculator is a must. They are all over the Internet. The more detailed the better. They can help you determine how much money you will need for your future. It sure beats guessing.

Financial calculators (re: retirement calculators) can often give you a basic overview of what you will need for retirement. Unfortunately, they do not always give you the specific details you need, like how to adjust for changing interest rates and taxes.

Choose a retirement calculator that delves into specifics. Ideally, a calculator that can help you with "what if" scenarios is best. Although it may be more complicated to work with, you will be happy when you have hard facts and enough details to make a solid plan.

One major concern that is often overlooked is the distribution phase of your retirement. So much time is spent worrying about accumulating money. Make sure that you factor in the effects of taxes. As a general guideline, assume that taxes don't decrease over time.

Most people believe that taxes aren't going away any time soon. If you are like most people, it is probably best that you factor in the effect of them during retirement. Also consider whether you would rather pay tax now and get money tax-free during retirement (as you can do with high cash value life insurance or a Roth IRA) or if you'd rather pay tax on a larger sum of money (as you do with a traditional 401k or IRA).

You may have looked at your credit report and seen the phrase "Too many recent inquiries in the last 12 months". Looking at your credit report shows only a few inquiries; so why does it say that there have been too many - and how does this affect your credit score?

Depending on your exact credit profile, there are a specific number of permissible inquiries which can be made before your credit sore begins to suffer as a result. Going over this limit will prevent you from having as high of a credit score as you could otherwise have, as well as the notification on your credit report that you have had too many inquiries.

Seeking out new lines of credit is considered to make you a higher credit risk, which is why the number of inquiries made is factored into your FICO score. Each inquiry is a request for your credit report made by a lender. However, not every inquiry is considered to be a factor in your creditworthiness, so FICO scores examine each inquiry carefully.

Just one credit inquiry will not have much of an impact on your credit score; usually five or less points will be deducted. Having a larger number of inquiries however can mean trouble for your FICO score; someone with more than six inquiries on their credit report within the last year is eight times as likely to file for bankruptcy as someone with no inquiries in the previous 12 months.

When determining your FICO score, this is how inquiries are factored in:

FICO scores know that people shop around more these days for credit, so they do take that into consideration and will distinguish between a search for many new credit accounts and rate shopping for one new account. FICO scores usually will distinguish between a search for a single loan and a search that you do for many new credit lines, in part by the length of time over which inquiries occur. When you need an auto or home loan, you can avoid lowering your FICO score by doing your rate shopping within a short period of time, such as 14 days. But be careful, because some research shows that opening too many credit accounts in a short period of time can increase your risk of hurting your score- especially if you don't already have some well established accounts that provide great length of history.

The number and type of accounts which you currently have open will also be considered when calculating your FICO score, as well as how much time has passed in between opening new accounts.

While any inquiries made will remain on your credit report for two years, your FICO score only takes inquiries from the previous year into account. The most recent inquiries are considered to be the most important; FICO scores include only those inquiries which genuinely represent an increased credit risk.

Your FICO score will ignore many inquiries entirely. These inquiries include your requests for your own credit report and score from the credit reporting bureaus, inquiries made when making a pre-approval and inquiries made as part of an employment screening process are also ignored in terms of your FICO score. All of these inquiries will appear on your credit report, but do not affect your score.

If you are interested in learning how to repair your credit score, a couple of things have probably come to pass:

1) You have bad credit, and it's been that way for a while.

2) You want something important like a new car or home, but your poor credit is keeping you from attaining it.

Now you'll start on your credit repair adventure, and if you persevere, you'll wind up on a path to greater prosperity.

The reasons behind the importance of having good credit aren't rocket science, but just in case you aren't aware, let me touch on a couple of points: when someone has good credit, they are able to make major purchases at an affordable price that buyers with bad credit just can't access. Only a miniscule number of people can raise the astronomical amount of money necessary to buy a home. This is why people borrow money from banks and finance companies.

When people have good credit, they're able to get loans with low interest rates and favorable terms, and they can live an opulent lifestyle. With poor credit, or with none at all, your options are really limited in terms of where to live and the lifestyle you can lead.

Now that you've made the decision to repair your credit, you're already on the road to turning your life around and navigating your way through your present financial crisis; this will soon bring you to a point where you can easily manage your money and have the kind of lifestyle you've dreamed of.

Is It Tough to Repair My Own Credit?

A lot of people assume that repairing one's credit is really tough, or that it's necessary to spend loads of money on a professional credit repair service. This couldn't be further from the truth, and as it happens, it's even illegal in some cases for these companies to accept up front payment. Many people make the decision to skip these services altogether and repair their own credit, which helps them in two key ways:

It really causes them to reflect on how they got into credit trouble in the first place. This kind of self-examination is important if the person wants to truly change the behaviors that ultimately led to their credit problems.

It will impress upon them the importance of credit in a way that won't happen if a credit repair firm does the job for them.

And in all reality, credit repair isn't rocket science " not even close. If you can type a coherent letter and stick it in an envelope, put on the postage, and send it off, then you have all of the skills you need to repair your own credit.

When you stop and think that many credit repair agencies are scams, and that the ones who do decent work charge high fees, you're really better off taking the time to learn the few things that you'll need to know to repair your own credit.

You really need only a few qualifications to successfully repair your credit, including a mind that is willing to learn, the ability to face your past mistakes and avoid repeating them in the future, and the drive and motivation to persevere in this task.

The Internet is the best place to look for credit repair information. You'll find that there are communities with a ton of helpful information offered by people who have already been through the process of repairing their own credit. You've already taken the most difficult first credit repair step of acknowledging the problem, but now that you're on your journey, you'll soon find you're approaching a future that is much better than the present situation.

A time when the financial institutions because of their harsh conditions easily was not getting credit. In the heavy flow of money market funds in banks was limited, despite lying. All the countries of the world's new liberal economic policies because of the general public to access loans from banks easily have got to.

With money in their hand, people explored new ways to invest their money and found stock option trading and currency trading to be very fruitful. More people jumped into the fray with the introduction of online option trading system. They realized the importance of trading techniques within few trading sessions.

To help the investors many new broking agencies are formed by experts. Traders, who hail from different sections of societies and lack fundamental knowledge of trading found option trading tips given by these broking agencies very useful. It is a win - win situation for both trader and broker in case of a successful trade.

With the development of the market, new agencies are coming into existence and some of them very popular and successful. Thinkorswim for brokerage clients around the world who live in and online education service also provides a U.S. based brokerage company. They futures and options spread in the area of trade are key adviser. Private traders and institutional users that they include more than seventy thousand manage client accounts.

Options brokerage Thinkorswim very tips of the trade for their account holders is a very healthy rate of success are found to be helpful with. They invest in various categories including equities, the fund currency, bonds, futures trading of mutual funds can help their customers. Top of the list in order Thinkorswim your level of customer satisfaction index several times because of a slot is obtained.

Thinkorswim rate of customer satisfaction and popularity of options trading tips to the best of their securities on the Nasdaq, as well as other well-known in the world market. In the international market you need to have sufficient knowledge to cope with these challenges, so that you can make money from your trade.

Tricks and techniques to broker through a market in which trade can have some important tools. In addition, a software product you as a professional adviser can buy. A new visitor in the market for these devices and advice very few benefits to your business to make are important. A long time in the market for the period can not survive without the help of these aids.

By the way, these financial markets are more and more opportunities in decision-making profit from your hard-earned money is very remote, unless you are equipped with the same resources, skills and technology, it is more applicable to a prematureaoia. The best choice is a dealer for your advice on-line brokers who operate in a very long period of continuous study of the financial performance of companies and their best Thinkorswim.

A number of individuals will make the mistake of not communicating with their mortgage company and thus will receive notification that their home is going into foreclosure. This isn't the situation that many people want to be in, but if you are and you need help, then the first thing that an advisory service will ask you is if you have had any contact or communication with your lender and if so what this has been. Banks and mortgage companies want to help you stay in your home and don't want to foreclose on you, but if you have not been paying them and communicating with them, then they really don't have any other choice.

If you are in need of some free home foreclosure help and advice, then the government has setup a number of organizations to help people who are in this situation. They can help you communicate with the lender and help you with an amicable agreement.

You should take each step, one at a time. If you know that you are not going to be able to make a payment on your mortgage, whether this be an originally agreed fee when you started the plan or a fee when you have arranged to pay a set amount, you will need to speak with your mortgage company. You could even write to the, but the main thing is to let them know about your situation. Then you will be able to seek appropriate help for your situation.

You may find that the company, if you have a good record history of payments (on time and the correct amount), then you may find that your mortgage company will be quite lenient with you and offer to let a payment date go by.

This action that the mortgage company may take will usually help a lot of people stay away from foreclosure action from their bank. Also, it is the bank's right of whether to grant you suspension on payments or to reduce your payments to them, but without contacting them you will never know.

You will also find that the company, if they agree to a set of fixed payments or even waive the payment of one month or more, will want to communicate with you every month to see if you are in the same situation. This is another way that the mortgage company can keep uptodate with your situation and advise you of anything else that you may need.

Generally, with a lot of cases, it will be the individual who chooses not to speak with the mortgage company and not the other way around. All tolled, this will not help you fight against home foreclosure and prevent you from losing your home.

If you are someone who originally took out an ARM mortgage with your home loan company, then you should be interested to know that you could ask them to refinance the agreement and they may be able to provide you with a fixed and low monthly payment.

If this is not an option, individuals can also do a home foreclosure help sale of their house so that it never reaches the point of foreclosure. This can provide the means of paying off the remaining amount of the loan, getting home foreclosure help for people and to get out of the house without further damage to credit.

There are so many online savings accounts out there nowadays that it's almost impossible to figure out which bank is actually the best. If you are searching online, here are a few things that you can check out before you make a decision.

If the online bank is online, then the whole process should not take more than 15 minutes (even if you type slow). If it's offline, your banker should handle pretty much everything. Don't spend too much time on the bank if the process takes too long.

It's very important to make sure the online bank you open an account with has the reputation. Do you really want to be the first person to open a bank account with a brand new bank? In this day and age, you just don't need the risk.

FDIC is the first criteria in picking a bank. No FDIC insurance? No account signup. It's really that simple. Even after this year, there's at least $100,000 insurance - what's not to like about that?

The login process absolutely needs to be smooth and secure. Try to look for https at the address instead of http and also try to see if there are other ways to make sure your login process is easy.

Security is the most important part of anything online. Make sure the security measures are adequate so no one ends up logging into your account and taking your money!

Make sure you keep the contact information of customer service before something goes wrong. You might also want to read review sites to see what others feel about the savings accounts' support level.

Of course, savings account are useless if the yield is low. Online savings account seem to give a higher savings rate than traditional savings account but even those have different yields. Find out that's high enough for your money.

Don't pay termination fees if you don't have to. Some companies will tack on an account closing fee if you want to leave them so know the fine print before you take action.

Make sure you have the minimum balance ready before account opening. You don't want to open an account with a savings account that needs $1,000 as the minimum balance when you only want to keep $500 in there.

Find out how many steps you need to take to do common tasks. The user interface is very important because we don't want to waste any time. The more steps also means more chances that you will make errors so treat it seriously.

With so much competition, it is really unnecessary to pay fees for most of the tasks of having an account. Make sure you aren't paying a monthly fee just to have an account when they are the one that wants your business and not the other way around.

With bill pay, you don't need to mail any more checks. It's quicker, easier, and more secure. There's really nothing better. If your savings account has it, it's a huge plus.

online savings accounts sometimes offer great perks that may benefit you. For example, they might approve a visa card for you when other credit card companies deny you. Some savings accounts offer unlimited ATM withdraws which you may find interesting. Research online and you might be surprised at what you find.

Home owners across the state of Florida are threatened by the current economy and live in fear of losing their homes. With more and more job losses occuring each week, many families simply can't pay their mortgage anymore which outs them in danger of losing their family home. When the main wage earner suddenly finds himself without a regular income, it will pose a problem to pay mortgage installments and this is where foreclosure becomes grim reality.

What many don't know is the secret art of communication. As long as you are prepared to communicate with your financial lender, they might be easier inclined to grant you a loan extension or exception. if you are in danger of losing your home to foreclosure, then speak to your mortgage provider now. Waiting will only make the problem worse for both you and them and once they see their profits leech for good they will simply kick you out of your home.

You can start proceedures by visiting the local branch of your lender. Request to speak to your loan officer in person because he is familiar with your situation and can help you best. If he proofs unwilling to talk try to go directly to the company manager. In some cases talking won't help but unless you try, you will never know.

Always be upfront about your financial situation. Inform your lender why you struggle to pay your mortgage rates. The more honest you are with them, the quicker they will want to work with you to rectify the problem. Don't be too pride to talk otherwise it could cost you your home. Lenders are usually very responsive as long as you act fast.

Increase your chances of keeping your home with the suggestions below:

* Use a full disclosure policy when dealing with your lender.

* Act now. As soon as you struggle with your loan payments act and contact your lender at once.

* Be prepared to come up with viable solutions. You could always offer ideas on how your lender can help you find solutions that work for the both of you.

* Budget you finances and stick to your budget.

As long as you take initiatives and your lender feels that you are wiloling to work with them you should be fine and able to save your home. All they want to see is your willingness to make things better.

In simple terms, inflation and deflation and what they both mean for the most part, are pretty much the same. They both signify a decrease in prices as there is also a decrease in money to buy goods and or services. Also, many don't understand that inflation or deflation can also cause an increase in the production of money during this time, as means to promote a more stabilized situation. This doesn't always work and many can find that the situation worsens because of this mode of attack.

Inflation and deflation can cause many problems other than just a fall in the economy. It can have devastating effects on people and their means to survive. Sounds serious you might say, well it is. More often than not people find their health failing both emotionally and physically. This occurs from the worry of and inflated economy and what it may mean for a person and their family. Monetary inflation and deflation shows no mercy, and can affect anyone from any walk of life.

When inflation or deflation is on its way to becoming a problem, it can actually be happening without anyone knowing. The reason for this is, that it usually takes a significant amount of time to show itself. When inflation or deflation is thought of as being a tax, it can appear as hidden. It can then cause one to believe that inflation or deflation is not taking place, because this way allows it to surface much slower. By the time it is recognized, the effects are well on their way. You will see a marked decrease in purchases sometimes even at a landslide rate.

Also, when the rate of inflation and deflation is on the rise, a panic can take place and make the situation at hand even worse. A panic can send people into such a state that it can cause further worsening of an economy. People start to hang on to their money more and more, and this is something that in an inflation, you don't want to have happen in the first place. The need to find better prices for quantity of a good or service just is not there. People then resort to stock-piling food, necessities and other things to feel better about the situation. They don't often realize this is just making matters worse.

High inflation rates or deflation can also cause panic in such a way that many began to horde in various ways, for thought that monetary inflation may get even worse. Not only will people horde goods and services, but the very money needed in the fist place to make the situation improve. Many businesses start to close as they simply can't keep up with offering their goods or services at the same prices as before.

Realize. they themselves are having trouble purchasing the goods for their business to resell. They simply can't afford to offer them at the former prices. Business can't profit in this bogged down situation and go under.

These aspects of price inflation and deflation that are happening in one country are often detrimental to the welfare of other countries as well. Inflation and deflation often find their way around the globe without much effort. We are dependent on one another more than we care to realize. Inflation or deflation need not be a cause for panic but should have us all wanting to find the ways and means that are necessary to support one another during an inflated economy.