Meek on Payday Loan Regulations

While the Consumer Financial Protection Bureau (CFPB) is on the process of making a rule that payday lenders will put out about 70% of their business, an ex-lawmaker in Florida (who was influential in helping Florida pass one of toughest laws that protect consumer from predatory lending) warns that the proposal may be too heavy; it strips the rights of the states and may even deprive the consumers of Vippihuone emergency lending options.

Kedrick Meek, former Democratic congressman from Miami, said during an interview with Washington Times, “People need access to small-dollar loans if they don’t have credit, let alone good credit, and found it was important to allow them to have access. Our payday lending law in Florida has been successful because it maintains access to small-dollar loans and also protects the citizens of Florida.”


How Meek Sees It

Meek said, “A federal rule preempting the Florida law would be a big mistake. When you see a law that is being effective and preventing consumers from getting themselves into financial trouble, when you have something that has been proven and is working, it would be a big mistake to ignore that.” Continue reading


UK Inflation Crashes to Zero as Costs of Food Falls Even More

According to ONS (Official National Statistics) the CSI has released news referring to inflation of about 0% as the costs of food drops further. It is said that the fall is from a 0.3 % last January to a 0% in February. The said figures set a new record from CSI since 1989. On the other hand, the office of National Statistics said that it is the second on their record since 1960 at -0.6% according to unofficial estimation. The ONS also said that the consumer price is unchanged a year earlier as foods and other good falls further to outweigh the rising pressure.

The falls from other goods and non-alcoholic drinks locked up because of the fall of oil worldwide of about 60%. The experts also believe that the fall down will head further as the energy bills also drops. The still on the cost of living has arrived at the time when the annual income of workers has risen to 1.8 % annually. This is good news for those individuals in the working force that has experienced 6 ears of no wage increased. Though the Bank of England believes that this will help a lot of people in the country as well as the UK economy, they are vigilant in monitoring the measurement because they fear that the negative prices seen in the forecast could bring about entrenched in the medium term.

There is a big possibility that the consumers and other business entity will delay the purchase of goods in hopes that these other products might fall cheaper on the coming days and months. On the other hand, the bank believes that the improvement in the wages as well as the record of employment will have a great impact on maintaining the spending of the consumers. The inflation of about 0% in UK will also benefit a lot of people who are into guarantor loans because they will have a greater chance for approved loans since the economy is displaying a good standing.

Guarantor loans

The unexpected inflation on the scale in February will draw back the chance of proper timing on the possible interest rate increase that is currently penciled in the market for 2016 and putting less pressure over the pound.

This inflation could mean a good and bad news. It is quite good news for a lot of consumers but this could also mean something negative to some businessmen and the economy as well. But UK economist believes that they are on it.


Digital Ads Paid Off for New York Times

According to some reports, New York Times Company has received increased quarterly revenues and profits as there was a large increase in digital subscription and advertising (balancing their fall in print ad profits). The publisher of the newspaper’s shares increased as much as 7.5% during the early trading.

New York Times, like other newspaper and magazine publishers, has been trying to improve digital offerings in order to increase revenues from online advertisements and subscriptions as sales from print ads decrease.

car insurance in Brooklyn NY

Early last year, digital ad and content advertising raised their sales to up to 19.3% in the 4th quarter, beating companies such as car insurance in Brooklyn NY.

The revenues for their print ads decreased to up to 9.2%, which is the third consecutive decline since the last 2 quarters. Continue reading


Harvard Money Is Connected To Lending Service

Alex Slusky is a technology financier in San Francisco, he raised a huge amount of money in 2007 worth $1.2 billion to purchase and help struggling software companies. There were many investors and one of them is Harvard University but in 2012, the investors were upset since half of the money was not used, as expressed by three people who have direct knowledge about the situation.

Uncle Buck Payday Loans LLP

Three Americans presented a solution by building a network of online payday lending services; they use corporations which were set up in the Virgin Islands and Belize. However, these companies denied their involvement and avoided the usury laws of the US, according to the employees of the company Partners VI LLLP and Cane Bay. The sites of Cane Bay are making millions of dollars each month by offering small loans to the people, charging over 600% interest each year according to the ex-employees of the company who did not identify themselves because of fear of retaliation.

Through these years, the number of payday loan lenders has grown tremendously and one of the leading companies is the Uncle Buck payday loans LLP. They provide short-term loans to cover unforeseen expense or just to get the people through the next payday. With Uncle Buck, they want to assure every customer that what you see in their terms is what you will get and be charged. Also, they offer transparent, fast, efficient service, excellent customer care and most of all, they work hard to avoid red tape. Continue reading


Online Lending Sites Offer Alternative to Traditional Borrowing

Payday loans are just like any other type of loan in that you will have to file for an application. However, this kind of loan grants smaller amount, and the good thing is that this small amount can be released easily. This requires no lengthy interviews and assessment. Meaning, if you are in great need of emergency money, rushing to a lending company is a wise idea. There are many companies offering this type of loan, and one is QuickQuid. This is an online lending company that guarantees easy and fast loan for all.

In applying for payday loans, there are some requirements that must be met:

  1. First, you will have to fill out a form given. Take note that only people aged 18 years and above can apply for this kind of loan.
  2. And since this is a payday loan, you must have a job to be able to pay for the loan. Depending on the company, there is a salary limit needed to be qualified for the loan.
  3. Also, having a checking account is needed as the payments will be deposited in this account.

Payday loan application is quite easy, but you have to really think it over when going for this kind of loan because this comes with high interest rates. Yes, you get the money quick, but you have to pay for interests. Also, make sure you pay on time to avoid additional charges. Before applying, read the company’s terms and conditions to avoid committing mistakes. Read the FAQs to clear out any uncertainties, or you can contact the company to ask questions personally.


As simple as one, two, three, you can have your money right away with payday loans. Just be certain about your qualifications to avoid future problems.


Managing Your Financial Life

When you have a hectic schedule, it’s easy to be more passive in managing financial transactions by letting bills, receipts, and statements pile up on the side. Although you regularly keep tabs on your finances, taking a look at them has its advantages. Make your life simple by consulting some financial institutions on how you should go about them. In fact, CreditMarvel.com has a nice review of Sky Blue Credit which can help you with your worries. Here are some of the tips you can use.

Switch to Paperless

“It’s easier than ever to access financial documents online. Choosing paperless convenience will not only make your life more efficient and clutter-free, it’s also environmentally friendly,” says Mr. Larry Olivarez Jr., a notable financial advisor at the Ameriprise Financial Services, Inc.

You may request e-statements from various financial institutions instead of receiving printed ones. Most banks, credit card companies, cellular carriers, and cable providers offer this option, nowadays; consider opting for this. More often than not, e-statements arrive on time every month compared to printed bills. You can just download it and keep it to your computer drive or print it out if you want.


As much as possible, try to consolidate; this would make your financial life a lot simpler and easier. If you have worked for several employers for the entire course of your career, you’ve probably had many retirement accounts along the way. Note that, accumulated assets that you’ve left in the retirement account of your former employer are still yours; but, more often than not, they offer less flexibility in terms of investment.

Thus, if you are inclined to the idea of managing fewer accounts to monitor, consider consolidating them to a 401(K) and IRA by consolidating them into a centralized account for retirement. “There’s a lot to consider when it comes to rollovers so it’s important to weigh all of your options carefully,” says Mr. Olivarez on his article.

CreditMarvel.com has a nice review of Sky Blue Credit

Consult Professionals

As you go through your financial options, it would be wise for you to consult professionals to help you especially if you’re not quite familiar about them. You may consult an accountant or tax advisor that may provide you the appropriate guidance on how to handle tax situations; or you may consult a lawyer specializing in real estate when you need to fix your real estate issues.

“Also consider consulting a financial advisor who can help you streamline your financial life and accelerate your financial goals by recommending specific strategies based on your individual situation,” Mr. Olivarez added.

Financial professionals have the credibility to share their expertise on handling finances. In fact, they may also assist you in eliminating some clutters in your financial life.


Assistant Treasurer Warns Life Insurance Industry to End Commission

Josh Frydenberg, Australian Assistant Treasurer has put a warning to the life insurance industry. He said that the industry is given two months to voluntarily stop giving high upfront commissions to financial advisers. Otherwise, the government will have to do it.

This warning made by Josh Frydenberg while he was having a breakfast with the life insurance lobby group- the Financial Services Council in Sydney. During this announcement, he added that such status quo is put to an end.

It had been reported that last year life insurance companies have been into struggle to get good grips with the issue in the commission from the Australian Securities and Investments Commission. The reports revealed that there was an inappropriate advice on life insurance that reached about 40%.

Also, ASIC emphasized the high churning life insurance rates in the country. On the other hand, advisers have scrambled too to acquire commissions that reach over a hundred percent of an annual life insurance premium. Accordingly, it could amount on a thousand of dollars, by transferring clients into various insurance policies.

The Trowbridge Inquiry made a recommendation that upfront commissions be set at a maximum amount of $1,200 and can only be available to a planner once in every 5 years.

Frydenberg is open to the attempts of life insurance industry in taking responsibility concerning the issues. However, he said that it is high time to make decisions on the issue.

He said, “Let’s move away from upfront commissions, let’s move to level commissions and determine what those level commissions are. If we are going to have an upfront fee as the Trowbridge inquiry recommended, let’s agree on what that number should be.”

He then added that he would prefer to have the industry lead the reform while the intervention will definitely be depending on the response.

Life insurance rates are preset amounts that are based into different factors like the age and health condition of the insured and the capacity to pay. Other than that, there are also interests and administrative expenses to be considered. Insurance companies have already set out the rates payable for different periods, ages and plans.


Reasons for Fewer Major Algorithm Updates Announcement from Google

According to Nate Dame, a columnist, it is for the artificial intelligence Google invests more than to give the people a more reliable search result. Without us knowing, the engineers of Google are constantly making changes to the algorithm.

Many owners of domains with high PR and those with lower PR have been wondering why they haven’t received algorithm updates from Google for the past few years. A study has been made comparing each year’s algorithm updates and it showed great difference.

In the year 2012, a sudden peak has been noticed but now, updates have been dropping down. What could be the cause of this? There are two reasons for this.

Changing SEO Behavior

The very first reason for this is because Google wants to modify the behavior of SEO. This is not just to let the SEO community be satisfied in their own pages. Apparently, Google has the power to run algorithm changes and other updates but they want those who are in the black hat SEO to stop making bad links. Therefore, Google is trying to eliminate spammy backlinks. With that said, SEO behavior will be changed as Google sends less updates.

Frequent Unnoticeable Updates

Google is also working on algorithms that can learn apart from just an artificial intelligence. At present, they are developing the “DQN” which is designed to learn and master Atari games.

As we can observe, the search results in the Google search engine are more reliable. We may not notice it but we can now easily understand and get useful results from Google. This is the result of the secret algorithm made by Google. Many are now wondering if Google did this because they think it won’t affect the PR or because they just want to keep it to themselves.


Rental Affordability Is Soaring and Will Continue for the Next Two Years

There is a report that has been released by Zillow that says the rents across the U.S. are increasing, and this is not just in the expected states of San Francisco, Boston and New York City. As of January, it has been reported that the rents have increased 3.3% year after year. But some cities like Kansas saw rent growing more than the national average, jumping from 8.5% year-over-year. St. Louis on the other hand had increased its rent by 4.5%; while in Detroit, it has improved by 5% and in Cleveland it has risen to 4.2%.

Although the rental appreciation is still below its former peak, the monthly rents are still growing and have actually grown twice the pace as that of the wages in the U.S. since the year 2000. This means that the Americans are currently spending a greater part of their income on rent expenses which is around 30% versus the 25% in the past. According to Zillow, this problem will stay longer and will not go anytime soon. Real estate experts and economists have stated that it is expected that the rental affordability will continue to deteriorate for the next two years.

Since there are renting affordability issues, this will in turn impact the broader housing market; including the homeowners. As a result, renting has become a barrier instead of becoming a stepping stone to homeownership.

Why Is It Good to Buy a House Today?

People should consider the fact that while the rental prices are soaring, the home prices are busy decreasing. Per the experts, today is the perfect time to buy a home while the prices is still low and affordable rather than paying the rent at a higher price.

People who are planning to buy houses instead of renting should not worry as there are a number of loans that he/she can avail. The potential buyer can always apply easy loans delivered in 24 hours for the down payment. Apart from that, there are also other mortgages that can aid in home buying.

easy loans delivered in 24 hours

Types of Mortgages

  • Conventional Fixed-Rate Mortgage – the lowest fixed interest rates. This is worth considering if the buyer is intending to stay for a longer period of time, the credit history has been established and if the buyer can put at least 5% down on a home.
  • Jumbo Mortgages – the lowest rates for higher-priced properties. It lets the buyer have increased purchase limits, competitive rates and fixed-rate and ARM options. This is worth considering if a home exceeds conforming loan limits, the buyer has a good credit history and can put at least 20% down on a home.
  • FHA Mortgages – this is a government-backed loan with flexible guidelines. The buyer is entitled to low down payments, fixed-rate and ARM options and flexible qualification guidelines. This is worth considering if the buyer has limited funds for a down payment and doesn’t have an established credit history or have experienced credit challenges in the past.

Buying a home may be a daunting task for now but one should always give this a thought considering that the market for house rentals is soaring.


The Reason Why Gartman Is Not Interested of US Stocks

Following another dreary session in American equity markets, powerful investor Dennis Garment said that it was time to begin chasing bargains – however it’s not the way you think it is.

The writer of the “Gartman Letter” shared to CNBS on Thursday that his “interest isn’t in United States owning shares at this time.”

“I think it remains a long-running bull market and rectifications ought to have been purchased. Yesterday I place a very strong suggestion to be equities buyer on this weakness with attention on… Europe focusing on Germany and France,” he shared.

Moreover, he added that his best interest is to own Japanese and European shares. “To those markets, every low and high has been higher and definitely they are bull markets. It’s richly clear,” Gartman told.

His comments follow the launched of European Central Bank (ECB) of its $1.05 (1 trillion euro) bond-buying or Quantitative Easing (QE) on Monday program.

The spur has prompted anticipations that European equities could, just like their American counterparts during the program of Federal Reserve QE, get an improvement as investors mounted of fixed income in looking for much better returns.

“I’m greatly amazed by what’s happening in Europe, with the continuous poor currency which is helpful of stronger stock rates – for the moment at least. So I am focus over there and not over here in the U.S,” Gartman stressed.

U.S stocks closed slightly lower last Wednesday as equities have failed to recover from the selloff on Tuesday, amid enduring worries about the dollar’s strength along with the timing of the interest rate increase by the Fed.

Earlier on this week, chief U.S equity strategist David Bianco of Deutsche Bank, has given warning in a note that the S and P 500 index might drop as much as 9% prior to the recent selloff was through, despite expectations of a rate increase sooner rather than later.

The Matheson Team

It doesn’t seemed convincing to Gartman, “But it may be pretty immature (to pursue bargains) however I expect that it is not,” he told. “Nevertheless, can you spot a 9% correction? It’s likely to happen, but for me it’s very uncertain.”

The reasons behind his doubt over this bearish turn in the market outlook was due to the central banks jump on the QE fad, he told, plus the liquidity flood into the markets that’s included in QE.

“If everybody is quantitatively easing, becoming financially expansive and if the fiscal wind is behind you, stupid you to battle that monetary wind. I’d rather prefer to have the wind behind me and the wind is at my back,” added by Gartman.

The Fed wouldn’t be stringent with financial policy soon, he said, moreover – “it isn’t going to significantly tighten and it isn’t going to be until later of this year.”

Besides the U.S stock, if you are interested to have real estate property a dependable group that you can count on is none other than the Matheson team. This team takes agency very critically and they will be there to guide you on every step of the way.


How New Rules Could Protect You from Credit Errors

It’s the largest shift for consumers and their credit scores in over a decade. The three biggest credit rating firms – TransUnion, Equifax and Experian, have concurred to change the way they evaluate errors, a process that frequently has a negative effect on the consumer ratings up until now.

Under the agreement with the state of New York, the firms will employ specially-trained workers to review the details disputed by a client. They will as well require waiting for 180 days prior to posting unsettled medical debt to a report to let conflicts and insurance payments able to be resolved.

The companies will gather and give information on over 200 million Americans and approximately 52% of all debt on credit reports is from medical costs. The New York attorney general, Eric Schneiderman, transacted the settlement. And now he joins me. Thank you for being with us Mr. Attorney General.

Basically this report says that it will reform the whole industry, so it seems that it’s riddle with issues now. Is that the case?

Eric, Schneiderman, New York Attorney General said, “Well, we did – we initiated an investigation since we got it in our office and other offices have similar experience. There are lots of complaints from the client saying that there were errors on their credit reports, submitted files confirming that the negative information should come off the report, but haven’t got anything finished.”

“So what we found out was the industry and this agreement really changes the operations of the industry, that it was just depending on the raw information that it received from the so called data furnishers, who are said to be the lenders, he added.” They were depending on it and if he taken the mortgage and got a car loan, credit card, and the lenders, according to the creditors, he didn’t pay, fundamentally, the credit reporting firms were taking them at their word.

And of a client would send in files proving that its fake, they were only passing them to the creditors. If the creditors will return to the reporting agency and think that they were still right, they weren’t making an independent search.

Now, they have modified the way they arrange with this process and it will make better data, since they will be responsible for ensuring they have valid information. Moreover, they will be committed in doing their own independent review of complaint from every client, regardless of what the data furnisher and lender says.

They also have agreed to gather and finance a special group of people with specialist  for intricate issues, such as mixed files or identity theft, which will occur when two people with same names gets their files combined and a client sees on their credit report utility fees for a house they never really lived in.

Thus, they’re changing the way they are dealing with the complaints of their customers. However really it’s wider than that, since it changes their entire relationship to their entire creditor who offers the raw material for credit reporting. They are taking the responsibility for watching and checking if there are some people giving them details who constantly are having issues.

This will not just provide help to consumers to correct their bad reports but also to improve the data quality of their credit reporting. And, as you said medical debt is a big issue. So they also made changes on how they deal with that.

Hence, it goes without saying that you can’t just simply rely on credit repair companies since there are far better means to improve your credit rating. Take note of that.