Dame Street Journal

Banking Review

Warning to Consumers

January 7th, 2015

The Federal Trade Commission, the nation’s consumer protection agency, issued an instruction on how to chose a loan in a smart way.

Online payday loan has become an easy alternative for every individual in need but based on complaints and reports, it is full of threats, fraud and unauthorized withdrawals. These are the words explained in the report of the Pew Charitable Trusts which was released after the federal regulators’ recent actions towards the fraudulent online payday lenders.

Generally, payday loans are small and short-term loans yet the interest is so high. In the past, payday lenders were operating in storefronts but with the advancement of technology, the loans are offered through the Internet. Statistics showed, about one-third have originated online. Also, in the report, it showed that the borrowers of online payday loans are younger, have higher incomes and more educated compared to the storefront borrowers. However, resorting to online lenders proved to be more troublesome than the physical lending stores since 90% of the payday loans’ complaints are addressed to the online lenders.

The report showed that one-third of the online borrowers are threatened by the debt collector or lender like threats to contact their families, employers or friends or they will be arrested if they cannot pay on time. These harassments to borrowers are illegal according to the laws of federal debt collection. For this reason, it is very important for online borrowers to look for reputable and big lenders like the QuickQuid online payday loan. You can tell that the lender is reputable by reading reviews to tell how they operate and if their policies are governed by laws.

How To Report Credit Fraud

January 8th, 2015

One of the worst nightmares that could happen to anyone is credit card fraud since financial well-being greatly depends on how well is the person’s credit history. Every individual must know the basics on how to report if this happens by reading facts from anywhere like the Internet or you can visit the stop credit fraud website. You will surely learn important things about how to avoid it and if it happens in the future, you are certain of the steps to undertake.

stop credit fraud website

This article will give you instructions on how to report credit card fraud, they are:

  • Get your credit report by calling the credit agency or through online. You can get a free credit report each year.
  • Go to the nearest police department and file a report of the incident. You can do this step through a phone call in various places and once the police report is done, get a hard copy.
  • Immediately notify your bank and inform them to freeze all your accounts. Also, you can change the passwords and account numbers of your accounts.
  • On the back of the credit card, look for the telephone number and call it to monitor all the activities of your credit card.
  • Report the credit fraud to the FTC (Federal Trade Commission). Once you inform them, they can give additional information about your credit history.
  • Directly notify the company of your credit card that it was misused or stolen and put the account on a fraud alert.

Additional Tips and Warnings

  • When you get your free credit report, wait for a few days after the fraud to see any changes or activities of your credit card. Sometimes, it would take days after an activity will appear.
  • Make sure that you did not lose your checkbooks or credit cards.
  • An effective option is to have an online banking account, this will allow you to monitor the charges credited by the credit card company. If you are a victim of credit card fraud, you can immediately keep track of the activities made by the thief.
  • Guard your personal and financial information fiercely and never ever give them to anyone especially from a caller. Also, your important documents like checkbooks, credit cards and other important papers should be secured, the most important thing that you must keep in mind is for no other person to know much about your personal information.

When you report a fraud to various agencies, make sure you are not giving too much information. You can disclose your SS number to a police department and your bank only.

Being knowledgeable of the steps to undertake when credit card fraud happens is an extra advantage, you know who and where to inform the incident immediately.

CySEC Withdraws Suspension of EZTrader

January 5th, 2015

Cyprus financial regulator, CySEC, withdrew the suspension case of the binary options broker EZTrader – through WGM Services Ltd, its parent company -, thereby restoring their CIF license.

EZTrader is the owner and operator of the GlobalOption.com and EZInvest.com brands, as well as the 888binary.com wherein their target market is the Chinese. This company is being run by its founder and chief executive officer Shimon Citron. Among its board of directors are private equity fund pros Ron Lubash who is the CEO of Markstone Capital Group, and Gustavo Perrota who is the managing partner of Hamilton Ventures LLP.

EZTrader reported that they are gaining profits of $7.95 million for the first half of 2014, but was actually losing money. In fact, the company has just raised $3.94 million from its investors last May 2014, thereby raising their cash levels up to only $6.95 million as of the 30th of June 2014. Recently, the company has gained sponsorships from leading soccer clubs in Germany and Netherlands (Bayer 04 Leverkusen and Feyenoord Rotterdam).

EZTrader is just among the many regulated Binary Option Hero brokers. Note that, most binary brokers work without any license. The disadvantage of having a license as a broker is that your license will be revoked when there is even just a slight administrative error; which may result to bad press time.

Binary Option Hero

The company had its license temporarily suspended late November 2014, with CySEC citing several suspicions regarding:

  • The safeguard of clients’ funds,
  • Capital adequacy of investment firms, and
  • Large exposures.

CySEC is seemingly satisfied that everything is in order, stating that they have been satisfied that EZTrader has complied with all the provisions of the Law.

Have a Productive Investment: Opt for the Right Trading Opportunity

January 2nd, 2015

Among traders, trading is becoming very in demand. Binary options let the buying of an asset wherein the purchases get the chance to earn a fixed payoff (double the amount of his investment) just by effectively calculating if the price will increase or decrease. With option trading, it will allow an investor to have the opportunity to have a bigger return of income in just a short span of time. Binary is considered to be an event with two possible results: it can either be a “yes” or a “no”, the outcome wasn’t predicted.

Binary Options Reviews

From the name itself binary, meaning it involves two, so for binary trading submits to the two likelihood. When a trader invests on a fixed sum, and if such option is effective, the trader will get back a set amount of income. But, if the option isn’t effective, the trader will have a loss of his invested money, therefore making binary options investing an easy with direct procedure investment item. For successful trading, it is necessary to learn binary options reviews.

binary options reviews

Call and Place Options

A call option refers for the purchase of the binary options at a fixed amount by a set date (the expiry date). The purchaser of call can purchase asset at the particular price till the expiry date. When the purchaser thinks that the price of the asset is becoming greater than the amount of the shutting time of the maturity, then the finest option would be put a call option.

Conversely, if call options allows you to buy, well then a put is way for you to have the asset sell at a fixed strike amount until a fixed due time. The put option buyer can make the assets sold at the strike cost, and if one opts to sell, the put writer has to purchase at that certain cost. If the purchaser deems that the cost will decrease, the most evident option would be to go for a “put” option.

How To Choose Between A Fixed Rate Mortgage And A Variable Rate Mortgage

December 11th, 2014

Whether you are trying to mortgage your home or trying to buy a home you must know in the market today two common mortgages rates prevail. The two most common rates are known as a Fixed Rate Mortgage and the Variable Rate Mortgage.

As the name suggest, the fixed rate mortgage contracts you for specified interest rate over a specific period of time. This period of time is refereed to as a mortgage term. A mortgage can range anywhere from a six months loan to 30 years.

Though the variable rate mortgage may have payment terms that are fixed, the interest rates can change. The moves in the market prevail in determining interest rates. You technically pay a fixed payment every month. What the variable rate mortgage is does is distributes what you pay in interest and what goes towards your premium depending on the current interest rate. If the interest raises your payment toward the principle decreases and the payment toward the interest increase. The reverse is true if interest rates decrease.

How To Choose Between A Fixed Rate Mortgage And A Variable Rate Mortgage

Which type of mortgage is right for your depends on your ability to handle the interest fluctuations. A fixed rate mortgage is a better fit for you if you like the stability of a fixed payment over a predetermined period of time.

How To Choose Between A Fixed Rate Mortgage And A Variable Rate Mortgage

You can apply for any term mortgage you feel you want, for example, a five year fixed table can be created for you with a fixed rate mortgage. This means that for five years you will repay the loan with a fixed interest rate table.

Some borrowers prefer to take a chance with the variable interest rate mortgage. The variable rate is for you if you feel that the amount you applied for can be repaid more quickly at a much lower interest rate. With this type of mortgage there is a possibility that the interest rate will lower during the term of the loan allowing you to pay down your premium more quickly.

How To Choose Between A Fixed Rate Mortgage And A Variable Rate Mortgage

Because of their expertise to predict the trends of the current economic conditions, financial experts are probably better of with a variable rate mortgage. They would certainly benefit even more from a variable rate mortgage if they can accurately predict the trends for the next couple of years.

While trying to decide on which of these two mortgage rates fits your comfort level, analyzed your analytic skills and financial abilities. Variable rates are not proven to be as stable as the fixed rate. If you want consistency, the fixed rate is for you.

There are some risk attached to the variable rate but it does have its rewards. Can you handle the risk-reward payoff? If so, then the variable rate is probably the route for you.

Caution! Check Before Investing Your Hard Earned Money in Any Property

November 2nd, 2014

Property inspection is an activity carried out by people either before making a decision to buy a new property or damage has been noticed or as a part of regular check. Generally investments made into properties are one of the biggest in the life time of an individual, it definitely makes sense to spent little more to ensure that investment made does not end up in a damaged property.

The menace of pests or termites can eat into your pocket without giving you any warning signals; the damage comes to your notice only when it is checked or after the damage is done. Presence of pest, termites, moist in the wall, wood borer, dry wood, subterranean termites, etc. is a threat to the property as well as detrimental to human health too.

Caution! Check Before Investing Your Hard Earned Money in Any Property

Professional Agencies

There are Professional companies in the market offering range of services related to Property. They are well equipped with advanced apparatuses and methods to scrutinize the property in and out. They have teams of qualified, specialized and experienced persons to carry out the inspection activity. Almost all the companies conduct pest inspection also with the property inspection.

Caution! Check Before Investing Your Hard Earned Money in Any Property

These professionals are trained to detect faults or the termite damage in the properties, which normally is very difficult for a layman to find. The inspection involves checking of the building structure, design, electricity wiring and switches, plumbing, garden, pool, door frames, ventilation, terrace, garage, pavements, handrails, timber parts, moist inside walls, pests, termites, wood borer, and rodents.

Elaborate Report

After an elaborate inspection, the inspector will submits you the report. The report is generally submitted in 24 hours’ time or as per the intricacy of the property involved. The property inspection report carries information like brief details on the property, methods used to conduct inspection, exact state of the property whether good or bad.

The faults will be highlighted relating to the property like problems in structure of the building, plumbing issues, faulty electrical supplies, enough ventilation, presence of moist, and presence of termites or pest.

The report carries the kind of treatment required to address all kinds of faults found during the inspection in relation to the structure as well as to the presence of pest or termites and the total expense involved, if faults are detected. The report informs on the kind of protection required for regular maintenance of the property. In case of pests and termites the steps to stop future encroachment are covered in the property inspection report as well.

Blogging to The Bank Review

September 22nd, 2014

When I first come across Rob Benwell’s Blogging to the Bank 2.0, I was pretty amazed that he is so young yet doing so well with his blogs. In fact, this young man has earned $34 000 every month from his blogs. That’s really a neat sum of money. I began to wonder if this guy really knows his stuffs or not. Hence, I went to do some research before deciding to buy this product or not. I went through a couple of reviews on Blogging to the Bank 2.0. You can read some of the reviews which I found useful below. Since I didn’t buy Rob’s first edition of Blogging to the Bank, I don’t really have the confidence to buy this newer edition, at first. However, after looking through the reviews by various bloggers and buyers, some of whom are famous bloggers like Yaro Starak, I started to know that Rob’s first edition of Blogging to the Bank was a really bargain. He has disclosed various techniques which are useful and effective. In fact, there are quite number of people have mentioned that they are pleasant with the results (i.e. they have made money).

Blogging to The Bank Review

After looking through a couple of reviews, I decided to buy the product, since it is not too expensive after all. If he can reveal a blueprint to allow us to earn tens of thousands a month, then what is that miserable sum of money which I pay him for it? After all, the ebook just costs me a couple of meals. It is the returns that matter. I have read through the ebook and find that there are a couple of parts which I particular like very much. Firstly, I like the list of plug-ins which he has provided. This makes it so much easy for beginners in blogging. I used to go through the hassle of trying out which plug-ins are useful from those which are not. If I have the information when I first setup my blog, then I wouldn’t have to go through so much unnecessary trouble.

Next, he also mentioned how to research for the high-paying affiliate products. In this way, you will able to find a potentially profitable niche to earn you a nice sum of money from Adsense. This method which he mentioned is great, as you can find earn both from Adsense as well as the affiliate products. This is all possible when you are able to find those untapped niches. Lastly, and this is the best part which I find, is that he teaches us how to make our blog most attractive to produce sticky traffic. He also talks about search engine optimization and even the best layout to place your affiliate banners and Adsense ads. Of course, he mentioned about new Web 2.0 methods like using Squidoo and Digg to attract more traffic and many more great stuffs.

Are You Creating a Buying Atmosphere?

August 10th, 2014

Long-term investment sales success requires a buying atmosphere. In a buying atmosphere: you both know why you’re meeting, you both feel comfortable and share open communication, and you’re both focused on one thing; the best outcome for the customer. It takes pre-work to create the most productive buying atmosphere.

Are You Creating a Buying Atmosphere?

Setting appointments with complete strangers to get to know each other isn’t a good plan for investment sales success. You only want to set appointments with people who are interested in learning how you can help them. When you set appointments under this premise you both know why you’re meeting, and what you’re trying to accomplish. It takes pre-work on your part to get to that point. Your pre-work involves: identifying your market, knowing what they are actively looking for, implementing a marketing lead generation plan that get’s your best prospects contacting you, and providing the people you appoint with an opportunity to know you or know something about you before you meet.

If you and/or your potential customer don’t feel at ease with each other you can expect no investment sales success. You both need to feel comfortable and share open communication. All too often you’re comfortable, but the potential customer isn’t ready to really open up to you. There are several reasons for that: you didn’t do a good job on your pre-work of helping the potential customer to feel like they almost know you, you’re moving faster than the potential customer is ready to go, and you don’t have a full understanding of what the potential customer really wants because you haven’t allowed them to tell you.

Your investment sales success will increase in direct proportion to the potential customer’s belief that you’re working together in their best interests. Your potential customer must have confidence that you’re both focused on their best outcome. The instant you move into presentation/ sales mode is the instant your potential customer begins to disengage because it no longer feels like two people working together sharing the same information to come to the same understanding.

Are You Creating a Buying Atmosphere?

Yes, everyone needs what you have to offer, but everyone isn’t ready to do something about it now. In your zealous effort to achieve investment sales success combined with your strong belief that you can help everyone, you sometimes overlook that not everyone sees things the way you do. The critical thing for you to remember is it’s more important for you to see things the way the potential customer sees them than it is for them to see things your way.

Debt Consolidation Program : Overview

June 27th, 2014

What are Debt Consolidation Programs Good for?

Debt consolidation programs are beneficial for some given situations. First of all, who wants many loans under your name, with you constantly struggling just to pay each and every one of them – at least their monthly payments? If you are in such kind of sad situation – dealing with monthly repayment of different loans, don’t you think you will be in a better situation of you consolidated all your loans into a new single one. This means needing only to meet one monthly statement, which means only one payment.

With debt consolidation program, you have the option to stretch your monthly payments over a much longer duration of term, sometimes up to 30 years. And with a much longer period of time for your loan repayment, it is clearly noticeable that your monthly amount for payment has shrunk; this only means that you pay much less every month and so you have more free cash that can be used for other important expenses.

Debt Consolidation Program : Overview

An enticing and often successful technique is using debt consolidation program for managing high rate revolving loan debts. To cite an example, as a credit card holder, you might own several credit card balances which have high interest rates. When you employ debt consolidation program, you are able to better handle such debts and even decrease the interest rate that you are paying off. So generally, it is to say that credit cards possess higher interest rates while the secured loans (an example of which is home equity loans) possess lower rates.

Remember this when wanting to deal about Debt Consolidation Programs

Debt consolidation program does not eliminate debt; it just combines old loans and transforms them into a new one. It’s the payment of the new loan that makes things easier for you.

Debt Consolidation Program : Overview

Debt consolidation programs can either help or hurt you. If you think debt consolidation is committed to make your debt disappear, then you are wrong. The word here in consolidation, meaning your debt are only merged or combined. No elimination of debt will happen. Remember that even with a debt consolidation program; there is still the money that you owe and have to pay off everything whether in the short or long run.

Debt Consolidation Program : Overview

You must also be reminded that with debt consolidation program, it is likely that you will be paying more in your total interest if you use consolidation loan. This is because with consolidation, you will be able to stretch your payments over a much longer duration of time. And while your monthly payment amount becomes less, it is actually possible for all the interest cost will be much higher. Of course, if you are someone who is in dire need of cash and at the same time wants to attain an easy management of cash flow.

Money Saving Tips From The Rich

June 8th, 2014

Have you ever heard people say that rich people are different from the rest of us? Well, it may be very true, especially when you study the way they handle money every day. They may buy expensive things, but they expect a lot of value too. Learn how the rich really are quite different, and how you can benefit from some of their practices in your own life.

Money Saving Tips From The Rich

What do frugal rich people do that is different from things ordinary people do? Well, it may seem obvious that wealthy people have a lot more money to spend. But they actually control they way they spend it very well. In fact, most wealthy people probably spend a lot lower of a percentage of their income than others do.

Some of these frugal ideas can benefit you if you are rich, poor, or middle class!

For example, wealthy people tend to carry cash around to pay for day to day expenses. Sure, they may have wads of hundred dollar bills to spend. But by paying cash, instead of swiping plastic, they actually have a good handle on how much they spend on things.

Wealthy people do spend money on nice things, but they are actually less likely to spend money on impulse items. A lot of middle class people tend to get in financial trouble because they do not have a good handle on their impluse buys, and not because they cannot manage fixed bills.

It may not seem like a lot to drop twenty bucks at a convenience store. However, if you do it every day, you are spending an extra five hundred and sixty dollars a month on impulse buys! Then you may wonder why you always seem short of money between paychecks. That extra money might have made the difference.

Could you have done better to save your money? If you had planned your grocery shopping better, you may have been able to buy the same things you stopped at the store for at half the price! Would an extra two hundred two hundred and eighty dollars a month help you meet your budget goals better?

Money Saving Tips From The Rich

Wealthy people also tend to demand high qualify objects and great service for the money. You may feel like you got ripped off on a purchase or endured bad servce. A wealthy person would not tend to let this slide, but would take action to fix the problem. If they cannot resolve the problem, they move on so they do not have to spend money unwisely again.

Sure, some people are born so wealthy that they would have real trouble spending it all. But a lot of rich people got that way by working hard and learning to manage their money very well. If an ordinary person can set aside an extra few hundred dollars every month, save it wisely, and have some patience, they may be able to build substantial wealth in time.

Can you benefit from some of the habits of wealthy people?

Learn the financial secrets of the frugal rich so you can start to build more wealth. These frugal tips and ideas can save you a lot of money!

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