Posted by Jessica Thompson On Apr - 29 - 2011
Real Estate Investment Trusts is an investment vehicle held by corporations that help in directly investing in the Real Estate Industry. They are either publicly listed on the stock exchange or privately held. They let investors to purchase trusts that hold real estate assets that generate revenue.
For corporations investing in REITs is a technique of avoiding 90% of income taxes of a company whilst distributing all the evaded taxes as dividends to stockholders. REITs were systematically composed to aid investments in Real Estate.
REITs do pay the investor significantly well. They function similarly to stocks that have a relatively small market capitalization. Although, they usually pay more in the form of dividends and not it the form of increasing face value. It should be noted that more than half of REITs return comes from dividends.
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Posted by Jessica Thompson On Apr - 29 - 2011
Consumers filed 570 federal lawsuits against debt collectors and creditors in just the last two weeks of March, the highest number so far this year, according to a tally by PaymentsSource.com. It was the most lawsuits filed in a two-week period all year.
The vast majority of the suits, 562, alleged violations of the federal Fair Debt Collection Practices Act. Another 60 involved companies that allegedly broke the Community Reinvestment Act, and 14 alleged that companies violated the Truth in Lending Act.
Some suits listed more than one violation. The lawsuits were filed by 626 plaintiffs against 515 different companies. All the lawsuits were all filed in the U.S.
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Posted by Jessica Thompson On Apr - 23 - 2011
Credit card question: If I make a balance transfer to a new credit card, when can I stop making payments to my old card issuer?
Answer: This is a question I get all the time. It’s extremely important that you continue to make timely payments to your old card issuer until you’ve received news that the transfer is complete. Otherwise, you could get hit with a late fee and possibly see your FICO score take a hit.
It might be helpful to get a picture of how the balance transfer process works. First of all, choose a card that offers a zero percent intro APR on balance transfers. Before making a final decision, read the terms and conditions carefully so you understand the “rules” for the balance transfer. I’ve rece
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Posted by Emily Robinson On Apr - 21 - 2011
The payouts could add up to billions of pounds, which the High Court ruled must be paid out to customers who were missold the insurance.
Payment Protection Insurance (PPI) is insurance that covered credit cards, loans or mortgage payments if you were unable to pay due to unemployment or illness.
PPI was mis-sold to millions of customers who would have been illegible to claim, whilst some did not even know they had signed up for it.
How to claim if you feel you were missold PPI 1) Check to see if the seller is registered with the FSA. If so, the FSA has compiled a PPI questionnaire that you can fill out and send to the firm that sold you the PPI. If not, write a letter to the seller, stating your claims clearly and including any documents that back up your claim.2) It is likely that the company will reject your complaint, however this does not mean that you are ineligible for compensation.3) Write to the firm again, restating your case and demand that the matter be resolved within 14 days. Read more…
Posted by Jessica Thompson On Apr - 19 - 2011
A company that falsely claimed it could help homeowners avoid foreclosure—and charged up to $2,500 for the phantom service—must repay all its victims, according to the Federal Trade Commission. The company, Florida-based Home Assure, stole between $1,500 and $2,500 from each victim.
Now those victims—1,410 in all—are getting their money back. The FTC began mailing the checks this week. The refunds will total $2.3 million, according to an FTC press release.
“These operators targeted consumers who were on the brink of financial disaster, and instead of holding them back, they pushed them over,” FTC Chairman Jon Leibowitz said in a press release. “If you’re
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Posted by Admin On Apr - 19 - 2011
Many people have to seek for debt help when they came in large debt problems through credit card debt. It is too easy to open a large number of credit cards to buy many unnecessary items and suddenly find yourself maxed out and demanding paying high bills.
Consumers aren’t aware of all potential debt problems allured by the tempting offers of credit card providers. That’s why you should learn more about the effective credit card management system. During the debt relief process, a professional will try to reach a debt relief of credit card negotiating with each creditor and make all your payments in one month, the consolidated body. Ove Read more…
Posted by Ashley Wilson On Apr - 19 - 2011
Phones are hardly phones anymore: they’re very small computers that happen to have a Skype-like method of communication. Smartphones are making forays into the world of payments, with merchants like Starbucks experimenting with mobile prepaid cards and scrappy startups like Silicon Valley’s BlingNation piloting smartphone-only registers.
Apple and Google are also now jumping on the mobile payment bandwagon, using near field communication (NFC) chips that would enable customers to pay simply by waving their phones over a register. Apple will probably have NFC chips ready by the iPhone 6, but Google is one step ahead: it already supports the technology in Android phones like the Nexus 5 and will begin testing mobile payment systems in New York and San Francisco.
But will it ever happen?
TechCrunch’s Erick Schonfeld wrote a piece recently arguing that NFC chips will never reach the critical mass needed to become actually useful. He ci
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Posted by Jessica Thompson On Apr - 17 - 2011
A home is what almost every person dreams of. Many people try to build their home before retirement. After all it’s the basic necessity after food, water and air. Many of us can sometimes become over excited in achieving this goal which can result in significant loss. It is very important to take care of the expenses and preventing the budget to accrue to financial instability.
To follow are some important points that you should take care of when buying a new home.
1. Expenses on Furnishings and Redesigning
For many of us there are depleted stocks of money immediately after buying new home. For paying the upfront costs a significant amount of money has already been spent. Cabinets and dresser might look ordinary but they are not as valuable as ownership of the home itself. Yo
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