Mortgage Protection Leads To Help You Serve Your Customers Better

A mortgage is a loan borrowed by people in order to purchase a real estate property. The collateral or security in these types of loans is the property itself, hence, making them secure for the lenders. Timely payment of installments is critical in case of these loans, due to the fact that late installments invite huge drops in the borrower's credit ratings. Mortgage protection plans help cover the mortgage payments of the insured person, if he fails to make them on time.

Credit cards are very tempting to use. It's as so easy to handover your card and purchases a car or a designer cloth without spending off the cash you have available. 5,000 in card debt and confessed that that debt was the biggest obstacle standing between her and her financial goals. But there are still so many people who use their cards responsibly below their means and rarely carry their balance from one month to another.

When used this way, a good credit card could be of great benefit such as helping you budget and get you free deals as long as these payments are being made on time. One great feature that comes with using a good credit card is the fact that it keeps an electronic record of your activity.

This is important when you keep tabs of your spending to avoid exceeding your budget. It's also useful when the card is missing or stolen. Good credit cards have more in-built protection cash or checks don't have. One great way is fraud protection which most cards will not include if the purchase is not made by you.

It's much easier to cancel or freeze your card than it is to cancel your check and change bank account. This score which ranges between 300 and 850 is usually used by lenders to determine how responsible and trustworthy you can handle credit. It doesn't solely rely on having a card; the score is calculated using six different criteria which are: Percentage of timely payments, Credit card utilization, derogatory marks, Average length of account, total number of accounts and total hard inquires.

When you use your cards regularly as well as make full payments and stay within the given limit, you will most likely get a good credit score. If you don't use the reward which u get off using a good credit card on airline miles, points or cash back, then you are not maximizing the use of your card. Good credit card rewards usually come in form of miles, points or cash back for virtually all of them. For every particular amount you spend, you get some sort of reward such as plane ticket, a night at a hotel or a check. If you are going to spend money using your card, you will always get rewarded.

Filing for bankruptcy has become a common thing in United States. It is the only way people can get rid of all their debts, but this procedure is very tedious, expensive and time-consuming. Apart from this, one has to wait for ten years to establish good credit again. Therefore, to help the debt-ridden people, US Government has come up with a new provision for such people, where it is mandatory for them to undergo credit counseling for bankruptcy from a certified counselor.

It is important that you go to the counseling organization that is certified by the US Trustee Program of Department of Justice. Counselors and educators who are approved and authorized, can advertise about their services. Credit counseling for bankruptcy and debtor education can be provided at the same time, but debtor education is generally provided when a person files for bankruptcy.

When you go for bankruptcy filing, you have to present the credit counseling certificate as a proof of the completion of your counseling course. How to Choose a Credit Counselor, There are many credit counselor companies in all states, but you need to choose the one that would help you solve your problems in less time.

You need to use the following criteria for your research and zero down on one organization:- What is the counseling fees, Do they provide fee waiver service, Are they certified by the government, What is the qualification of the counselors, How is the reputation of the organization, What services they offer, Do they offer a sound financial plan for you to avoid credit problems in future,

After proper credit counseling, you can decide if you want to pay back the loans or still file for the bankruptcy. You can go for credit counseling not only in case of bankruptcy, but also when you need to improve your credit scores or credit reports. They can advise some plans that would help you fix the bad credit history. Counseling gives you a chance and time to think properly about your financial behavior.

CLEVELAND - This is a 5 On Your Side Consumer Alert about crooks now getting info from your chip credit cards then selling it on the dark web. They are the same chip cards that are supposed to be better protection for you. The recent headlines are ominous with tens-of-thousands of dollars stolen, skimmer fraud soaring, and shimmer nightmares. Shimmers are smaller card readers put into chip-reading devices that used to be for collecting info from just magnetic stripes.

Alex Hamerstone from tech security firm TrustedSec out of Strongsville said the shimmers are reading your info on the chip and getting all that the criminals need from your account. “They'll use that chip data to create magnetic stripe cards and then use those (stripe cards) in places that don't require the chip,” said Hamerstone.



Shimmers can hit not just your credit cards, but also your bank card when installed into ATM's. If you want to buy a list of credit card numbers from an affluent zip code, you're going to pay more for it than maybe a less affluent one,” said Hamerstone. He showed us how info is packaged up and sold online.