A college reward charge card is a sort of bank card that is set up to perform as any common bank card would, however the target market is barely different. These bank cards are provided to college students of school or university age. The only stipulation is that these students have to be of legal age and presently attending higher education. As soon as the coed graduates, they will proceed utilizing the credit card but some of the terms might change.
A reward bank card may be obtained almost anywhere. Many banks, regional or national, and most major charge card providers offer these credit cards. The types of incentives each pupil reward credit card provide will vary from card to card. A little analysis into the specific reward each card provides should slender the field for which pupil rewards bank card is the appropriate one.
One sort of reward supplied is airline mileage. How the mileage is earned will vary from card to card but the amount of cash put onto the cardboard will decide how many miles are earned. These miles may expire over a sure time frame but most firms, if you're a protracted and dependable customer, will prolong that expiration date if want be.
Cash reward are another type of reward that is available. A specified percentage, usually 5% to 20%, is gained on the sum of money spent at specific retail stores. That amount is translated into points and those rewards points is going to accrue gradually. These reward points can then be redeemed for cash that's utilized towards the stability on the credit card. Another option for the factors is to redeem them for prizes. The prizes will fluctuate from card to card and company to firm however there are often an unlimited amount of prizes from many classes to choose from.
A reward charge card, regardless that it is supplied to a young group of people, is a great technique to build credit and a credit score. These charge cards, whenever utilised responsibly, may be a good way to deal with any wants which will come about and get a great start on daily life. The reward packages that go together with these charge cards are simply an added bonus.
Lots of young people try and obtain a bank card when they are at college. This may be incredibly difficult to do when an undergraduate lacks the previous personal credit history. Thankfully, you'll find college charge cards without credit history for college kids in want of a credit card. These credit cards enable a student to learn to turn out to be extra financially sensible whilst also starting out her or his personal credit history so that you can take advantage of completely new opportunities.
Several students benefit from pre-paid charge cards mainly because it allows them to set financial limitations with no over-spending. This may often be a lot easier to manage than a charge card with excessive spending limits. There are a selection of pre paid bank card opportunities. Such bank cards really are ideal for college students without consumer credit.
Monday, July 30, 2012
The Meaning of Bankruptcy Hamilton
Bankruptcy Hamilton means that all other processes for resolving debt problems have failed. This should not be undertaken if this is not the case. The system was established to assist those who have no possibility of obtaining resolution of financial trouble. They have to be given a chance to start over in some manner.
Once this threshold is crossed one will then confront the selections available for filing. These can be done under 7 or 11 or 13 chapter methods. The matter will hinge in great amount on selecting to shed altogether one's debt or reset them into a schedule more amenable to payment. Adding to confusion is the fact that there are stipulations coming from state and federal regulators who oversee the procedure.
Every effort needs to be made to keep from going down this route. There are many ways this can be done. New arrangements can be sought for repayment. These will often involve a bundling together of bills into one large schemes that features lower interest and longer lengths for paying off the totals. These two processes together produce a lesser premium that may be bearable to the borrower.
If these sort of steps have all ready been tried to no avail, this final recourse may prove the best bet. Still the choice will have to be made whether to seek relief via Chapters 7, 11, or through 13. Consideration must be taken as to whether it is preferable to have obligations taken away or restructured. If the first is the option to be taken, there will have to be a trustee empowered.
This person will be in charge of the asset sales that are needed to return funds to the creditors. Under Chapters 7 and 11 both, a trustee is appointed to do this. Homes may be retained in this manner. Losses will be confined to business and personal assets.
There will be full elimination of credit card debt, medical bills, and many loans with a Chapter 7 resolution. Chapter 13 is generally restricted to those who earn wages. These are used to secure payment of premiums on a monthly status at a level that is judged to be something the applicant can afford to give. Taxes, student loans, alimony, child support, and criminal fines will still have to be paid.
A Chapter 7 filing voids loans, credit card and medical bills. Chapter 13 measures are often used by those who earn wages because they employ monthly payment schemes. These will be at a level considered affordable by those dealing with the case. Some debts still have to be paid such as those for alimony, support for children, criminal fines, taxes, and student loans.
Attorneys can better explain the numerous options that can be resorted to as alternatives to having to use a process like this. Creditors can be negotiated with to reach a more reasonable schedule of payment. They will understand that there may be a need to write off a portion of the debt and accept a longer period for repayment than they might like. Homes can be preserved by owners who may also be able to get some funding for their bills by tapping the equity in their real estate.
A bankruptcy Hamilton decision will be a weighty one loaded with tough choices. An attorney should be referenced for the full explanation of all that is involved. Prior to such an encounter, a seeker should educate themselves as best they can as to how events unfold. Explore all the numerous chapters to see which best applies to you.
Once this threshold is crossed one will then confront the selections available for filing. These can be done under 7 or 11 or 13 chapter methods. The matter will hinge in great amount on selecting to shed altogether one's debt or reset them into a schedule more amenable to payment. Adding to confusion is the fact that there are stipulations coming from state and federal regulators who oversee the procedure.
Every effort needs to be made to keep from going down this route. There are many ways this can be done. New arrangements can be sought for repayment. These will often involve a bundling together of bills into one large schemes that features lower interest and longer lengths for paying off the totals. These two processes together produce a lesser premium that may be bearable to the borrower.
If these sort of steps have all ready been tried to no avail, this final recourse may prove the best bet. Still the choice will have to be made whether to seek relief via Chapters 7, 11, or through 13. Consideration must be taken as to whether it is preferable to have obligations taken away or restructured. If the first is the option to be taken, there will have to be a trustee empowered.
This person will be in charge of the asset sales that are needed to return funds to the creditors. Under Chapters 7 and 11 both, a trustee is appointed to do this. Homes may be retained in this manner. Losses will be confined to business and personal assets.
There will be full elimination of credit card debt, medical bills, and many loans with a Chapter 7 resolution. Chapter 13 is generally restricted to those who earn wages. These are used to secure payment of premiums on a monthly status at a level that is judged to be something the applicant can afford to give. Taxes, student loans, alimony, child support, and criminal fines will still have to be paid.
A Chapter 7 filing voids loans, credit card and medical bills. Chapter 13 measures are often used by those who earn wages because they employ monthly payment schemes. These will be at a level considered affordable by those dealing with the case. Some debts still have to be paid such as those for alimony, support for children, criminal fines, taxes, and student loans.
Attorneys can better explain the numerous options that can be resorted to as alternatives to having to use a process like this. Creditors can be negotiated with to reach a more reasonable schedule of payment. They will understand that there may be a need to write off a portion of the debt and accept a longer period for repayment than they might like. Homes can be preserved by owners who may also be able to get some funding for their bills by tapping the equity in their real estate.
A bankruptcy Hamilton decision will be a weighty one loaded with tough choices. An attorney should be referenced for the full explanation of all that is involved. Prior to such an encounter, a seeker should educate themselves as best they can as to how events unfold. Explore all the numerous chapters to see which best applies to you.
Saturday, July 28, 2012
Why Invest In Real Estate In Hyderabad?
Nowadays investing in real estate has become a popular trend, people see a big future in the real estate. Real estate dealing has also become a major source of much money for many people. All you have to do is find the right kind of property and invest in it and after a few years see the growth in investment.
Investing in real estate of Hyderabad:
Many people still have doubts about investing in real estate in Hyderabad, and the time is just right to invest in real estate. Hyderabad has gained a reputation for itself in the global market, and the city grows at a steady rate. Now is the right time to invest in property in Hyderabad, the growth in IT sector and business have prompted many people to move to Hyderabad. And the location and the beauty of the city have also influenced a lot of people to invest in property in Hyderabad. Here are some of the reasons as to why you should invest for property in Hyderabad.
Development in IT industry, international airports, and new projects like IT parks; hardware parks, star hotels etc have influenced the life of Hyderabad. All these projects make Hyderabad the most happening place to invest in property.
Many MNC have setup their Indian offices in Hyderabad, which in turn encourages more people to be employed in Hyderabad.
The cost of living is pretty low in this city when compared to other metropolitan city.
Government has many offices situated in the location.
There are various types of real estate opportunity available for you in Hyderabad; there are lands, independent homes, apartments. There are more homes and lands for sale, and with more and more people looking to buy property in Hyderabad you won't have a lot of time left.
More and more people are interested in buying property not only in the main areas like Jubilee Hills and Banjara Hills. But many of them are also interested in buying property in the outskirts of the city; we see a tremendous increase in the outskirts mainly because of the IT industry. So now you can find properties of great value on the outskirt cities like Nanakramguda, Manikonda, Gopanpall of Hyderabad.
Wherever you buy property in Hyderabad, you can find all that you will need to live a comfortable life within five kilometers of your home. So when the city is growing at such a rate then it will make your investment worthwhile.
Real Estate Investing in Hyderabad offers many rewards like steady cash flow, security, long-term wealth and other tax benefits. With the city growing in such a rate you will find that the property values are always going up.
Now is the right time to invest in property in Hyderabad, and if you see the past trend of the growth of the city you will regret not purchasing property in Hyderabad. The growth of the city has also influenced many NRIs and foreigners to invest in real estate.
Investing in real estate of Hyderabad:
Many people still have doubts about investing in real estate in Hyderabad, and the time is just right to invest in real estate. Hyderabad has gained a reputation for itself in the global market, and the city grows at a steady rate. Now is the right time to invest in property in Hyderabad, the growth in IT sector and business have prompted many people to move to Hyderabad. And the location and the beauty of the city have also influenced a lot of people to invest in property in Hyderabad. Here are some of the reasons as to why you should invest for property in Hyderabad.
Development in IT industry, international airports, and new projects like IT parks; hardware parks, star hotels etc have influenced the life of Hyderabad. All these projects make Hyderabad the most happening place to invest in property.
Many MNC have setup their Indian offices in Hyderabad, which in turn encourages more people to be employed in Hyderabad.
The cost of living is pretty low in this city when compared to other metropolitan city.
Government has many offices situated in the location.
There are various types of real estate opportunity available for you in Hyderabad; there are lands, independent homes, apartments. There are more homes and lands for sale, and with more and more people looking to buy property in Hyderabad you won't have a lot of time left.
More and more people are interested in buying property not only in the main areas like Jubilee Hills and Banjara Hills. But many of them are also interested in buying property in the outskirts of the city; we see a tremendous increase in the outskirts mainly because of the IT industry. So now you can find properties of great value on the outskirt cities like Nanakramguda, Manikonda, Gopanpall of Hyderabad.
Wherever you buy property in Hyderabad, you can find all that you will need to live a comfortable life within five kilometers of your home. So when the city is growing at such a rate then it will make your investment worthwhile.
Real Estate Investing in Hyderabad offers many rewards like steady cash flow, security, long-term wealth and other tax benefits. With the city growing in such a rate you will find that the property values are always going up.
Now is the right time to invest in property in Hyderabad, and if you see the past trend of the growth of the city you will regret not purchasing property in Hyderabad. The growth of the city has also influenced many NRIs and foreigners to invest in real estate.
3 Common Reasons Your Housing Loan Application Can Be Refused
Unless you are cash rich, you would look to leverage on a housing loan to purchase a home. Getting an approval for a housing is never a certainty. There are many situations where home buyers can have their applications rejected outright by the mortgage lender. When that happens, a lender may inform you of the reasons why your application had been declined or not even give you service call to inform you of their decision.
These are some common reasons that housing loan request are declined by the mortgage lender.
1) Being a guarantor for a relative's loan
One of the most common reason that terms your personal financial position as over leveraged is by signing as a guarantor for another individual's loan. There are many reasons for this to happen. It could be that you nephew needs a guarantor for an education loan, your spouse included you as a guarantor for an auto loan, your dad needed you as a guarantor for a recent investment property loan, etc.
At the point of signing on, it is normal to think that these circumstances will not affect you in any way. But it can have a great effect on your loan applications in future, including your housing loan. Unless you have a high personal income, obtaining attractive housing loan terms can be frustrating.
A mortgage loan is a very significant personal financial commitment, the mortgage lender will be concerned with your personal financial leverage when assessing your application. And because you are a guarantor for other loans, those can be taken into consideration when calculating your personal debt ration. A higher ration can deem your personal financial leverage as undesirable.
2) Negligent on material information
Our personal finances are very private information. As wealth is a symbol of social status, many people may be a little embarrassed about revealing the full details of their current financial position, especially if they perceive their personal credit record as one that is adverse. However do note that a mortgage broker or a mortgage officer is there to help you obtain your desired mortgage. It is their job and they will be delighted to be able to acquire a deal for you that you will be happy with.
Because of the nature of their job scope, they have seen a number of applications and have experience on what to look out for in your application. So when you are probed on personal financial information, be open in sharing them so that an officer will know the best course of action to help you obtain an approval for your housing loan.
Do not think that some information requested is not important. Unless you are the mortgage underwriter, you will have little idea on the assessment criteria required. When possible issues are raised by your mortgage officer, you can get them resolved before processing your application. Working on adverse issues only after your housing loan has been declined may be too late.
3) Outstanding arrears and credit card bills
Because a housing loan is a secured loan, you may be complacent on thinking that it is one of the easiest forms of loans that you can get. You may even think that you personal credit record is of little importance since the mortgage lender should feel save since there is a valuable collateral involved.
That is not the case. Your personal credit record can have great effects on how flexible a mortgage lender is willing to be with you. This is especially so when you are a new customer to the lender. They have not dealt with you before and the only way to fairly judge your financial behavior is to assess your credit record. When it shows that your current auto loan and credit card bills are late by 3 months, it does not reflect nicely on how well you manage your finances. You can be penalized with an outright rejection or offered more unfavorable terms because of the additional risks put on the lender. Always ensure prompt payments on your personal credit facilities at least 6 months before your housing loan application.
These are some common reasons that housing loan request are declined by the mortgage lender.
1) Being a guarantor for a relative's loan
One of the most common reason that terms your personal financial position as over leveraged is by signing as a guarantor for another individual's loan. There are many reasons for this to happen. It could be that you nephew needs a guarantor for an education loan, your spouse included you as a guarantor for an auto loan, your dad needed you as a guarantor for a recent investment property loan, etc.
At the point of signing on, it is normal to think that these circumstances will not affect you in any way. But it can have a great effect on your loan applications in future, including your housing loan. Unless you have a high personal income, obtaining attractive housing loan terms can be frustrating.
A mortgage loan is a very significant personal financial commitment, the mortgage lender will be concerned with your personal financial leverage when assessing your application. And because you are a guarantor for other loans, those can be taken into consideration when calculating your personal debt ration. A higher ration can deem your personal financial leverage as undesirable.
2) Negligent on material information
Our personal finances are very private information. As wealth is a symbol of social status, many people may be a little embarrassed about revealing the full details of their current financial position, especially if they perceive their personal credit record as one that is adverse. However do note that a mortgage broker or a mortgage officer is there to help you obtain your desired mortgage. It is their job and they will be delighted to be able to acquire a deal for you that you will be happy with.
Because of the nature of their job scope, they have seen a number of applications and have experience on what to look out for in your application. So when you are probed on personal financial information, be open in sharing them so that an officer will know the best course of action to help you obtain an approval for your housing loan.
Do not think that some information requested is not important. Unless you are the mortgage underwriter, you will have little idea on the assessment criteria required. When possible issues are raised by your mortgage officer, you can get them resolved before processing your application. Working on adverse issues only after your housing loan has been declined may be too late.
3) Outstanding arrears and credit card bills
Because a housing loan is a secured loan, you may be complacent on thinking that it is one of the easiest forms of loans that you can get. You may even think that you personal credit record is of little importance since the mortgage lender should feel save since there is a valuable collateral involved.
That is not the case. Your personal credit record can have great effects on how flexible a mortgage lender is willing to be with you. This is especially so when you are a new customer to the lender. They have not dealt with you before and the only way to fairly judge your financial behavior is to assess your credit record. When it shows that your current auto loan and credit card bills are late by 3 months, it does not reflect nicely on how well you manage your finances. You can be penalized with an outright rejection or offered more unfavorable terms because of the additional risks put on the lender. Always ensure prompt payments on your personal credit facilities at least 6 months before your housing loan application.
Wednesday, July 25, 2012
Data Gathering And Cascading Metrics In Busy Business Settings
As a businessman, there are aspects in your company that you view as the most important things. These are those that you believe can contribute in the success of the company. Metrics are often used to measure the efficiency of your business when aligned with the goals that you have defined beforehand. As effective and useful as your metrics may seem, there are times when you will doubt its functionality in the business. One of the main reasons to this is because you did not choose to perform the method of cascading metrics.
Now, if you are wondering what cascading metrics approach is, here is the answer: this is a simple way of communicating with all the people in your company about the efficiency and the use of the metrics. You will notify them of what your company's goals are and in line with those objectives, you will give them the metrics that will help them see just how they can achieve those goals. Metrics are like progress bars that will aid them in seeing how far they still have to work in order to achieve a specific objective.
Most of the time, the managers of the company keep the data and the metrics in their offices. They do not allow the metrics to flow into the whole enterprise. Cascading metrics is very useful as it is the solution to communication problems. One of the most measured aspects in the business is the ROI or the return on investment. The cash that you have spent on a particular activity, process or system should go back to your company's vault since this is what having a business is about. C-level executives consider ROI as the most important concern in their business and thus, they need to measure this in the right way so that they will know what they should do when it comes to making decisions in this area.
Another issue that is often measured is the accountability. Key performance indicators have to be chosen carefully in order for a businessman to see how his company's accountability. Aside from this, finance and the internal operations are among the most measured aspects in the business. Now, there are common misconceptions about the creation of metrics. In fact, this is the process that is considered as the most difficult part. In this stage, you will have to identify the essentials in your business without bringing up the other areas that are usually thought of as influential.
Remember to measure the soft numbers instead of the hard ones. This means that you will have to measure those that can bring about hard results. An example of this is when you want to measure the ROI. The return on investment will be much higher if you make sure that your employees and your customers are happy. Therefore, you should be able to gauge the perceptions of the people instead of focusing on the financial numbers themselves. With the aid of the balanced scorecard, cascading metrics will help you gain good financial results without neglecting the other parts of your business.
Now, if you are wondering what cascading metrics approach is, here is the answer: this is a simple way of communicating with all the people in your company about the efficiency and the use of the metrics. You will notify them of what your company's goals are and in line with those objectives, you will give them the metrics that will help them see just how they can achieve those goals. Metrics are like progress bars that will aid them in seeing how far they still have to work in order to achieve a specific objective.
Most of the time, the managers of the company keep the data and the metrics in their offices. They do not allow the metrics to flow into the whole enterprise. Cascading metrics is very useful as it is the solution to communication problems. One of the most measured aspects in the business is the ROI or the return on investment. The cash that you have spent on a particular activity, process or system should go back to your company's vault since this is what having a business is about. C-level executives consider ROI as the most important concern in their business and thus, they need to measure this in the right way so that they will know what they should do when it comes to making decisions in this area.
Another issue that is often measured is the accountability. Key performance indicators have to be chosen carefully in order for a businessman to see how his company's accountability. Aside from this, finance and the internal operations are among the most measured aspects in the business. Now, there are common misconceptions about the creation of metrics. In fact, this is the process that is considered as the most difficult part. In this stage, you will have to identify the essentials in your business without bringing up the other areas that are usually thought of as influential.
Remember to measure the soft numbers instead of the hard ones. This means that you will have to measure those that can bring about hard results. An example of this is when you want to measure the ROI. The return on investment will be much higher if you make sure that your employees and your customers are happy. Therefore, you should be able to gauge the perceptions of the people instead of focusing on the financial numbers themselves. With the aid of the balanced scorecard, cascading metrics will help you gain good financial results without neglecting the other parts of your business.
Tuesday, July 24, 2012
How to Win at Penny Auctions
Love shopping online? Want to know how you can get the hottest brands for the lowest prices? Check out BidCandy.com, one of the newest and BidCandy.com, the on the Net, hosts penny auctions online featuring brand name products, such Sony 3D TVs, MacBooks, iPads, iPhones and much more. Membership is free! Sign up and get five free bids! where you can purchase the latest products from Apple, Sony and other bestselling brands at a fraction of retail prices.
What is BidCandy.com? It is a unique platform designed to reinvigorate the traditional online bidding experience. It is incredibly fun and among the most trustworthy and best penny auctions online. Here you can save a ridiculous amount of money through penny auctions, which are growing so popular because it's now one of the cheapest ways to get that special gift for yourself or a loved one.
Why should you try penny auction sites? They allow you to buy items you have been meaning to get for yourself at a big discount. Some penny auction shoppers have so much fun they don't imagine going back to traditional mall shopping for electronics and gadgets.
There is some risk involved in that you might not get the item you want, but those who claim to be the best penny auction site like BidCandy.com pamper their customers with a convenient Buy It Now option so you can get the item no matter if you win the bid auction or not.
The trick to winning an auction is to have enough bids to outlast your opponents. Though you cannot see them, it is fairly easy to discourage someone else by showing you are more interested in the item. If you have enough bids (which can be bought cheaper by bulk) you have a higher chance of winning it all.
Even if you lose at first, my advice is to learn from your mistakes and to keep on bidding; you never know what type of deals you will find each day. Browse BidCandy.com and you will see a constant stream of products to choose from. Try bidding at different times of the day to see what is being offered and to see when you have the least competition.
Here are a few more tips to remember while bidding to better your chances:
1. Bid on low activity auctions rather than the more lucrative high activity bids.
2. Have the mindset to win at all costs. There is no second place consolation prize.
3. Wait until the bid is close to ending. Bidding early and heavily can be a waste of bids.
4. Try to have a budget and a game plan on what products you will want to win.
What makes BidCandy.com stand apart from other penny auction sites is that there are achievements you can earn while spending time at the website. The thought of earning bonus bids for logging on, visiting daily and winning a certain number of auctions makes the shopping more fun than ever.
There are also bonuses for signing up or promoting the auction site through your social media network. Shoppers who accrue these bonus bids can spend them on and win even more items.
BidCandy.com also implements a Bid Wizard to help manage all-day bidding. You won't feel tied down to the computer since the BidWizard, when programmed correctly, can help you win bids even when you're out working or eating dinner with the family. The bidding parameters feel intuitive and make you feel in control of your bidding strategy.
So try the best penny auction site BidCandy.com now and get one of those electronic gadgets you have been pining for. Go participate in a laptop auction and get a brand new state-of-the-art model for a fraction of the manufacturer's suggested retail price. Check out the cheapest online deals from the hottest brands out there, only at BidCandy.com.
What is BidCandy.com? It is a unique platform designed to reinvigorate the traditional online bidding experience. It is incredibly fun and among the most trustworthy and best penny auctions online. Here you can save a ridiculous amount of money through penny auctions, which are growing so popular because it's now one of the cheapest ways to get that special gift for yourself or a loved one.
Why should you try penny auction sites? They allow you to buy items you have been meaning to get for yourself at a big discount. Some penny auction shoppers have so much fun they don't imagine going back to traditional mall shopping for electronics and gadgets.
There is some risk involved in that you might not get the item you want, but those who claim to be the best penny auction site like BidCandy.com pamper their customers with a convenient Buy It Now option so you can get the item no matter if you win the bid auction or not.
The trick to winning an auction is to have enough bids to outlast your opponents. Though you cannot see them, it is fairly easy to discourage someone else by showing you are more interested in the item. If you have enough bids (which can be bought cheaper by bulk) you have a higher chance of winning it all.
Even if you lose at first, my advice is to learn from your mistakes and to keep on bidding; you never know what type of deals you will find each day. Browse BidCandy.com and you will see a constant stream of products to choose from. Try bidding at different times of the day to see what is being offered and to see when you have the least competition.
Here are a few more tips to remember while bidding to better your chances:
1. Bid on low activity auctions rather than the more lucrative high activity bids.
2. Have the mindset to win at all costs. There is no second place consolation prize.
3. Wait until the bid is close to ending. Bidding early and heavily can be a waste of bids.
4. Try to have a budget and a game plan on what products you will want to win.
What makes BidCandy.com stand apart from other penny auction sites is that there are achievements you can earn while spending time at the website. The thought of earning bonus bids for logging on, visiting daily and winning a certain number of auctions makes the shopping more fun than ever.
There are also bonuses for signing up or promoting the auction site through your social media network. Shoppers who accrue these bonus bids can spend them on and win even more items.
BidCandy.com also implements a Bid Wizard to help manage all-day bidding. You won't feel tied down to the computer since the BidWizard, when programmed correctly, can help you win bids even when you're out working or eating dinner with the family. The bidding parameters feel intuitive and make you feel in control of your bidding strategy.
So try the best penny auction site BidCandy.com now and get one of those electronic gadgets you have been pining for. Go participate in a laptop auction and get a brand new state-of-the-art model for a fraction of the manufacturer's suggested retail price. Check out the cheapest online deals from the hottest brands out there, only at BidCandy.com.
Monday, July 23, 2012
Why You Should Never Use Pre-written Credit Dispute Letters
If you're looking to fix your credit as fast as possible the LAST THING you want to do is mail pre-written or template dispute letters to the credit bureaus. Just about every "do-it-yourself" credit repair book (and software) will provide you with "Pre-Written" or "Template" dispute letters to use. These are designed to get you results while saving you time and money by not having to create disputes from scratch. Seems like a good idea, right? Unfortunately, mailing these letters to the credit bureaus is about the DUMBEST THING YOU CAN DO...
Here's why: have you ever wondered how many dispute letters the Credit Bureaus receive each day? Take a guess. Take a wild guess. What do you think: five hundred a day? A thousand a day? Five thousand a day? Amazingly, the Credit Bureaus now receive over twenty thousand dispute letters a day. But that's not the problem. The problem is HOW they deal with them. You see...The Credit Bureaus figured out years ago that the processing of dispute letters was costing them a fortune. In fact (not long ago) each dispute was costing them about .50 to process. Multiply that by 20,000 and they were spending... ,000 a Day Just Dealing with Consumer Disputes!
Naturally, the Credit Bureaus had to figure out a way to get these costs down. And they did it with two pieces of technology called O.C.R. and E-Oscar. Today we'll explain the first one...
O.C.R. stands for "Optical Character Recognition". O.C.R. is a computer technology which electronically SCANS and READS over 10,000 letters per hour (whether hand written or printed). More importantly, it can store all the information it scans to a CENTRAL DATABASE. Therefore, it can recognize any letter that's been sent in MORE than once and file it as a DUPLICATE. For the first time, this gave the Credit Bureaus the ability to recognize (and catch) any "pre-written" or "template" dispute letter mailed by a Credit Repair Company. Even worse, it allowed them to catch any letter COPIED by you... out of a CREDIT REPAIR BOOK. This is why credit books (and software) with letters are so dangerous for consumers; because when you use them, you're using the SAME LETTERS that have been used by every "poor schmuck" who bought that book before you. And if you think the Credit Bureaus computers aren't going to know the difference, you need to think again. Remember, if you're like most of us, you have two lives. The life you live and the "unlived" life within you.
In between those two lives is "The Gap"... the work which must be done to get from where you are today to where you WANT TO BE tomorrow. And, if you're paying attention and getting the "big picture" here, you understand your credit score and income is the main thing that's keeping you from getting to that goal... It's keeping you from the car you want... It's keeping your from the cash you need for business and... It's keeping you from the house you want...Now the question becomes...
"Are you going to do anything about it?"
Here's why: have you ever wondered how many dispute letters the Credit Bureaus receive each day? Take a guess. Take a wild guess. What do you think: five hundred a day? A thousand a day? Five thousand a day? Amazingly, the Credit Bureaus now receive over twenty thousand dispute letters a day. But that's not the problem. The problem is HOW they deal with them. You see...The Credit Bureaus figured out years ago that the processing of dispute letters was costing them a fortune. In fact (not long ago) each dispute was costing them about .50 to process. Multiply that by 20,000 and they were spending... ,000 a Day Just Dealing with Consumer Disputes!
Naturally, the Credit Bureaus had to figure out a way to get these costs down. And they did it with two pieces of technology called O.C.R. and E-Oscar. Today we'll explain the first one...
O.C.R. stands for "Optical Character Recognition". O.C.R. is a computer technology which electronically SCANS and READS over 10,000 letters per hour (whether hand written or printed). More importantly, it can store all the information it scans to a CENTRAL DATABASE. Therefore, it can recognize any letter that's been sent in MORE than once and file it as a DUPLICATE. For the first time, this gave the Credit Bureaus the ability to recognize (and catch) any "pre-written" or "template" dispute letter mailed by a Credit Repair Company. Even worse, it allowed them to catch any letter COPIED by you... out of a CREDIT REPAIR BOOK. This is why credit books (and software) with letters are so dangerous for consumers; because when you use them, you're using the SAME LETTERS that have been used by every "poor schmuck" who bought that book before you. And if you think the Credit Bureaus computers aren't going to know the difference, you need to think again. Remember, if you're like most of us, you have two lives. The life you live and the "unlived" life within you.
In between those two lives is "The Gap"... the work which must be done to get from where you are today to where you WANT TO BE tomorrow. And, if you're paying attention and getting the "big picture" here, you understand your credit score and income is the main thing that's keeping you from getting to that goal... It's keeping you from the car you want... It's keeping your from the cash you need for business and... It's keeping you from the house you want...Now the question becomes...
"Are you going to do anything about it?"
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