People often need a source of credit for an important project that they have embarked on. This could be investing in shares, taking some further education courses or extending their home. By the very nature of these tasks, the money to finance them could be needed over an extended period and in varying amounts. Thus a source of credit is useful to fund these projects. This is where a home equity line of credit fits in. This article will discuss how a home equity line of credit works and some things to consider if you decide to take one out.

If somebody owns a home or is paying a mortgage off for a property they may be eligible for a home equity loan line of credit.

The principle behind the loan is that a lender will lender around 75-80% of the value of a property to the property owner. If the property is worth $100,000 and the owner has paid $50,000 of the mortgage, then the lender may lend the owner another 25-30% of the value of the property ($25,000 - $30,000).

If the property owner decides to take a line of credit for this amount then the money can be drawn on over a period of time much like you might use a credit card. It is, in effect, saying that you have a credit card charged up to $25,000-30,000 that you can use however you see fit.

Once again, it is important to stress that although it is like a credit card, the money should be used wisely. Ultimately, this money is secured by your property. If your spending gets out of hand and you can't pay back the line of credit you could lose your house. Use the credit to add value to something or that has a high return on investment potential.

If you decide to go for an home equity line of credit then it is important to look around at the best deals. In most cases you will get your line of credit with the mortgage company that you already have the mortgage with but you can negotiate a better deal if you know what other equity line of credit deals are around.

One thing to consider is the home equity line of credit rates. This is the rate of interest you will be charged for using the credit. In most cases, if you have a variable rate home loan, you will be charged at this rate. If you have a fixed rate, then the interest rate on the line of credit will be worked out when you apply. This can be negotiated if you know that you can get a better deal elsewhere. The chances are that the lender will not want to lose your business so may meet you half way. The same goes for the additional costs. These could be arrangement fees and closing costs.

Home equity line of credit loans are a flexible way to have access to a large amount of money (depending on the equity in your home) but always use the money prudently.

Find out more ways to get money for a house extension or investment property by home equity refinance at http://www.homerefinancenloans.com/ . Adrian Whittle writes on ideas for generating finance from your home loan, including manufactured home refinance.

Article Source: http://EzineArticles.com/662575

read moor ,,,

Commercial Equity Line of Credit, abbreviated as CELOC, is best suited to meet the industry's changing financial needs. It is mainly used by small businesses, especially start-ups. A Commercial Equity Line of Credit requires a zero balance for a specific time annually. CELOC provides easy access to money when the borrower needs it. Using checks provided, the money can be easily accessed.

A Commercial Equity Line of Credit allows the mortgager to borrow money on a regular basis to finance transactions and for business purposes. The amount borrowed depends on the company's collateral and cash flow needs. In this method of borrowing, the borrower mortgages company assets, rather than personal assets, as collateral. Even though it is harder to obtain, it provides greater borrowing power.

With the help of a Commercial Equity Line of Credit, the borrower can regulate cash flow by borrowing only what is needed. It reduces interest expenses often incurred by over borrowing. The interest rate equals or exceeds the prime rate.

A Commercial Equity Line of Credit provides almost all the benefits that are available with a Home Equity Line of Credit. The line of credit can be used to improve cash flow or expanding business. Also, it is used for other expenses such as purchasing equipment and increasing inventory. A major advantage of CELOC is that the borrower has to pay the interest only on the amount accessed.

Also known as Operating loans, a Commercial Equity Line of Credit plays a vital role in the business field. By providing quick access to cash with the option to pay overtime, CELOC ensures flexibility to the borrower.

Equity Line Of Credit provides detailed information on Equity Line Of Credit, Home Equity Line Of Credit, Commercial Equity Line Of Credit, Best Home Equity Line Of Credit and more. Equity Line Of Credit is affiliated with Financial Freedom Resources.

Article Source: http://EzineArticles.com/195923

read moor ,,,

Have you taken the opportunity to look closer at a Wells Fargo home equity line of credit recently? This revolving credit line that homeowners can tap into has some pretty good features. Here's a closer look at what Wells Fargo is doing.

A home equity line of credit is similar to a loan with the main difference being that you can take out funds at any time up to the total amount of the credit line.

This is better than a loan in many cases because you are only using what you need instead of taking out a big lump sum. Wells Fargo home equity lines of credit make it possible to only have to use your money when you really want to.

Naturally, what you use the money for is completely up to you. Many use it to pay off high interest debt, medical bills or a home improvement project to further increase the value of their home.

Wells Fargo offers a wide array of convenient options in gaining access to your funds. It can be through your checking account, ATM, Wells Fargo credit card, or simply by visiting your local branch bank.

This type of home equity line of credit being offered by Wells Fargo has a standard 10 year open credit period. After that time your repayment begins.

Funds that you take out of your HELOC may be paid back with small minimum payments or in some cases it can simply be an interest only payment.

Depending on the Wells Fargo plan and size of the credit line, payments can be stretched out for as long as 30 years after the credit period ends.

As with most home equity loans or lines of credit, interest rates are based on the Prime Lending Rate at the time of your loan. Since this is a line of credit, your rate will be variable, meaning it can go up or down. This is something to consider before taking out a HELOC.

A Wells Fargo home equity line of credit, like any other credit line, will have certain fees involved when signing up. These fees can include appraisal fees, loan fees and others as well. It really depends on the type of loan and your credit history.

If you are looking at setting up a home equity line of credit you will want to take a good look at what Wells Fargo has to offer.

By the way, you can learn more about a Wells Fargo Home Equity Line Of Credit as well as more information on everything to do with home equity loans by visiting

Article Source: http://EzineArticles.com/702370

read moor ,,,

Many people invest in real estate by making a full upfront payment, but are not financially sound enough to renovate or refurbish it. These people can avail of a personal loan against their property with a home equity line of credit or HELOC. A HELOC offers a higher loan amount than other similar loans based on the credit limit of the borrower.

A HELOC allows a borrower to explore the extent of credit obtainable from lenders. Repayments have to be made every month, along with the interest that could be tax- deductible. There are limitations on the deductions on the personal tax returns for the interest paid on HELOC. Only that part of the interest on debt can be deducted, which cannot exceed the value of the collateral on a home and has to be less than $100,000.

If the borrower makes the real estate investment as a corporate entity, then deductions in the form of the business interest expenses can be expensed. This transaction needs to be reflected on personal returns. It must be documented in writing and should be within the limits of normal business transactions. Customers need to consult their tax consultants and advisors on the legality involved in order to save on tax.

Financial consultants will give advice on planned tax-breaks regarding HELOC. The interest deduction is not a dollar-for-dollar reduction of the taxes. It is only a percentage. The deductions may not be as valuable due to the declining tax rates. If the adjusted overall income is high enough, the phase-out for itemized deductions may prevent the borrower from taking a full deduction. Advisors warn against choosing a HELOC simply for the benefit of tax deduction, as many other deals also provide similar tax advantages.

Equity Line Of Credit provides detailed information on Equity Line Of Credit, Home Equity Line Of Credit, Commercial Equity Line Of Credit, Best Home Equity Line Of Credit and more. Equity Line Of Credit is affiliated with Financial Freedom Resources.

Article Source: http://EzineArticles.com/353400

read moor ,,,

A home equity line of credit allows you to draw on your home's equity
without having to pay for closing rates. For those with bad credit,
credit secured by your equity can provide you with low rates. Using your
credit wisely, you can use a line of credit to reestablish a good credit
rating. However, you need to choose the right lender to be sure you are
getting a good deal on your rates and fees.

What To Look For In A Home Equity Line Of Credit

With poor credit, you need to be especially careful of the terms you
agree to with a line of credit. With most lenders, you will not have to
pay any closing fees. So you save on upfront costs of a second mortgage.

Your rates can be fixed or adjustable. With most lenders, adjustable
rates start out lower than fixed rate loans. Lines of credit also allow
you to borrow funds as needed. So you only pay interest on the amount
you use.

Fees are also part of a line of credit. You may possibly have early
payment, minimum balance, or other fees. Before signing a contract,
understand how fees will affect your credit plans. For example, if you want
to pay off your line of credit in a year, then ask for an early payment
fee to be removed.

Different Lenders Mean Different Terms

Different lenders write their loan terms differently. Variations in
rates should be expected, but so should differences in fees, payment
schedules, and future refinancing possibilities.

While low rates are important, also take a look at terms when
considering lenders. Savings can also be found by picking financing with low
fees for balances and refinancing.

How To Compare Lenders

To compare lenders, you need to start by requesting credit quotes. With
adverse credit scores, work with sub-prime lenders.

Most companies use a website where you can enter your information to
get an instant quote. Besides looking at rates, also note the terms.

Most financial offers will disclose fees, payment structure, and
refinancing costs. If they don't list basic terms, then request additional
information before committing to an offer.

View our recommended Bad Credit Home Equity Loan lenders

Article Source: http://EzineArticles.com/128346

read moor ,,,

Immediate approval also known as instant decision credit cards may not be just what exactly many people anticipate. Usually the majority of people, particularly those new to the world of credit cards, are conscious of the concept instant decision credit cards they begin to dash off to to sign up thinking that when okayed they will be able to begin using their credit card right away. This is simply not the case.

Although many stores may actually offer immediate consent together with instantaneous credit to the applicants as a way to improve income, a large number of banks and credit card issuers may approve your request straight away when you have a fantastic credit history, nonetheless, you definitely will not be using the brand new charge card faster compared to any card given that it is mailed by way of conventional surface mail once they have once more evaluated your credit report.

Often individuals end up applying for Instant approval cards without performing much of a comparison just because they really don't wish to hang around to determine if they are approved.

Ordinarily, if your credit score is exceptional plus your credit record shows that you can deliver on the bare minimum monthly payments they'll happily tell you that you have been okayed. Having said that, if your consumer credit is in fact less than ideal, the majority of creditors will advise you they require a while longer to evaluate some things preferring in order to turn you down.

In reality that a lot of individuals that already own one or more bank cards essentially are aware of whether or not they will given the green light for an additional card.

For any applicants with average credit scores and so are less likely end up being be accepted for instant decision cards, applying for these charge cards can actually harm your credit ranking. Every credit rating comes with the number of times you have been rejected for credit so when other charge card companies find out that you've recently been refused they are unlikely to offer credit.

Hence please don't make the mistake of signing up for a variety of bank cards hoping that one likely will accept you since chances are that not only will you end up turned down but these denials will probably damage your credit rating for some time in to the future.

Bear in mind that Instant decision credit cards are just what they happen to sound like. The final decision is reached in an instant, the particular bank card is going to take a little bit longer to arrive.

Head on over to CreditCardCandor.com to examine instant decision credit cards and make an informed credit card comparison.

Article Source: http://EzineArticles.com/4891532

read moor ,,,

First I would like to say thank you for reading what I have to say on what may be a very important decision for you or your family. I have been working in the credit card debt relief industry for over a decade now and have quite a large knowledge base as to how the industry works. If you are serious about finding a solution to what could be a very bad and detrimental debt problem then you may find the information in this article to be very helpful.

This article is going to be rather lengthy, I want to state that right up front; I am going to address the most popular credit card debt relief programs on the market today. I feel it is necessary to address both the positive and negative aspects of each option. In addition I would like to go over another option a lot of people do not know about. This is debt resolution, a process very similar to debt settlement with the end results of saving money and time; however the negative aspects of debt settlement will be greatly diminished with debt resolution.

The first option is the most common and this is to do absolutely nothing. Which surprisingly is the exact thing most people do and may be what you have been doing up until now, before realizing you must take action to resolve the situation. Most people in debt and this could be including yourself are running on what is called the "credit treadmill". The credit treadmill is a ruthless and endless cycle of monthly minimum payments and high interest.

This is perhaps one of the worst places to be financially. If you just pay your monthly minimum even if your interest rate is moderately low, you will be stuck in debt for over 38 years! During the course of the decades it takes to pay off this debt you will pay back over fives times the original balance in interest alone! If your APR (interest rate) happens to be where millions of other people find theirs, up in the high twenties if not thirties, it will take much, much longer to get out of debt. And naturally you will be losing A LOT more money.

I don't really feel I need to address the first option anymore. There are no positive aspects to being stuck in debt and doing nothing about it but paying minimum payments.

Once people are made fully aware of the situation they are in, and have come out of denial to the fact that they do indeed have a problem with credit card debt the first option many people look into is debt consolidation.

There are two ways about which debt consolidation can be achieved. There are debt consolidation loans, and then there is consumer credit counseling.

Let me first explain the option of getting a debt consolidation loan. A debt consolidation loan is a loan taken out to pay off the balances on your credit cards. The benefit from doing this is that there will be only one monthly payment made on the loan. Thus taking away the headache of juggling multiple payments to the various creditors. The second benefit is that the loan may come at a lower interest rate.

This is however in my opinion the riskiest of all the credit card debt relief options. Why? Because in the vast majority of cases the only possible way to obtain a debt consolidation loan is by using your home for security; essentially taking out a second mortgage to pay off your credit card debts! What you will be doing is transforming your low risk unsecured credit card debt into a high risk loan secured by your HOME!

The sad fact is that over 80% of people who end up in this situation and use the equity in their home to pay off their credit card debts find themselves within the same situation in less than five years.

The old cliché "no pain no gain" applies greatly to this method of debt relief. It is just too easy to use the money in your home, pay off your balances and get on with life. The problem is first you are not out of debt and second nobody ever does the right thing and cuts up their credit cards. It's just too easy to get back into more credit card debt; you will have your little plastic cards with zero balances practically begging you to charge on them again.

Later in the future when you enter round two against credit card debt you will have not one but two secured financial obligations tied to your home that must take priority over your credit card bills. You also may have other secured financial obligations such as a car loans that must take priority over the new credit card bills as well. Except this time there will be no more equity in your home to get another loan. What happens to many people is they either must file bankruptcy, or risk foreclosure.

I cannot even begin to tell you how many times I have seen this happen over my years of working in this industry and it's very sad. This is why I said in my opinion a debt consolidation loan is the riskiest and the worst option to use when trying to get out of debt.

This brings me to the next option which is very often confused with debt consolidation because it is quite similar. Consumer credit counseling shares many of the same benefits as a debt consolidation loan but without taking the risk of losing your home. A credit counseling agency will look to get your interest rates lowered, and they will have you make one monthly payment to them which they will disperse to the creditors for you; thus giving you the convenience of one monthly payment.

A reputable credit counseling service may very well be the best option for some debtors. However many of these programs will not be feasible. With a credit counseling program you are still paying back 100% of what you owe plus interest and there are service fees involved. Lots of people realize they will not be able to manage the payments on this type of a program, in some cases the payments may be even more than what you are putting out towards the monthly minimums.

Unfortunately consumer credit counseling programs have a very high failure rate, over 70%! The reason being if you miss more than one payment on this type of a program the creditors will kick you out of the program, thus revoking the benefits of one monthly payment and a low interest rate.

The reality is that for a lot of people credit counseling programs will just cost too much money. The program will take between 5-7 years; can you guarantee that over that time period you will not have any financial difficulties that will cause you to miss payments? Especially, if it is quite hard to budget the program in the first place.

Thankfully for those of us who don't want to or can't manage credit counseling there are other options available. Bringing us to debt settlement, this process has been helping millions of people get out of debt during this terrible recession. The benefits of debt settlement are different from any of the above options. With debt settlement you may find yourself saving up to half of what you currently owe, and by that I mean the actual balance owed, this has nothing to do with interest rates. In addition you can realistically expect to get out of debt in three years or less; this is a far cry from over three decades running on the credit treadmill.

Saving a lot of time and money while getting out of debt may sound great, and while these are very nice benefits debt settlement also comes with its respective drawbacks.

The problems associated with debt settlement are due to the fact that you must fall behind on your debts in order for the creditors to be willing to negotiate a settlement. There are no creditors in the world that will negotiate on current debt and why would they? If you are current and are paying them their monthly minimum payments with high interest why in the world would they negotiate, they have your precisely where they want you; running on the credit treadmill.

Naturally if you are current with your payments this will have an adverse affect on your credit score. And sadly a lot of people will allow that reason alone to keep them from debt settlement, thus keeping them stuck on that treadmill. For those who are already behind then this is somewhat of a moot point, the damage done to the credit has already taken place.

Another negative affect of falling behind is dealing with collections calls, some debt settlement companies claim they can get the calls stopped, but many lie about that because by law no debt settlement company can stop calls.

When falling behind there is the chance that the creditors can issue a lawsuit. Now from my experience in this industry I can confidently tell you this is not the mainstay for the creditors. It simply costs them too much money and time to bring everyone who falls behind to court, with no guarantee of collecting any money. However, lawsuits are still a possibility and I feel that it is necessary for people to understand this before using debt settlement.

So with debt settlement the benefits are clearly the best, but they do come with their own negatives mentioned above.

This now brings us to in my opinion the most ideal method of credit card debt relief for people who have become heavily indebted and need to save money in order to get out of debt quickly. This process is known as debt resolution.

Debt resolution is very similar in structure to debt settlement, debt resolution is basically debt settlement handled through the hands of a law firm; therefore offering the client much more protection under the law from the negative aspects of the debt settlement process. You will achieve the end results of saving time and monet like debt settlement, however the process can be less strenuous with the power of a law firm behind you.

The first major difference in the process between debt resolution and your standard debt settlement company is the way collections calls can be handled. According to the FDCPA (Fair Debt Collections Practices Act) when you have attorney representation the third party collectors upon being notified of retention must only deal with that firm and cease phone calls going to the client. This is a huge benefit for many people, now you must understand not all collectors will abide by the law so some collection activity will take place; but it will be greatly minimized. No standard debt settlement company has the power legally to stop collections calls.

Another big advantage resolution has over your typical settlement company is how a law suit can be addressed. By law a debt settlement company will not be able to contact the creditors or do anything on your behalf once a lawsuit has been issued. So if you get sued you will be left trying to figure everything out on your own, oftentimes resulting in a judgment against the debtor.

Using debt resolution through a law firm gives you more protection. The law firm can legally contact and negotiate a settlement even after a law suit has been issued; thus keeping their client from ever going to court and from possibly getting a judgment. The reality is the collectors know when they are suing that they will not recoup the whole debt and are very keen on settling. It is much easier for them to deal with a reputable firm where they know they will be getting money back. This is yet again another HUGE advantage the resolution process has over the standard settlement process.

I hope after reading this article you feel more enlightened to how the credit card debt relief industry works and feel more educated to the various options available to you. If you would like to see if debt resolution would be the most ideal model of credit card debt relief for your situation then I invite you to follow the link below and fill out an application requesting more information. I welcome the opportunity to review your current financial situation and see if this process will be the correct path for you.

Article Source: http://EzineArticles.com/4165983

read moor ,,,

The Bank of the Philippine Islands may be the oldest bank in the Philippines and in Southeast Asia but it is also one of the best in the Philippines. I have been using their credit cards for more than 2 years now and I can say that I am satisfied with what I'm getting.

Here are some tips and reminders on how to apply for BPI credit cards and BPI mastercard.

For a BPI Express Credit Card, the one that can only be used in the Philippines, you should have a minimum individual monthly income of P10,000 or a family income of P15,000. For the BPI Classic Mastercard, you should be earning at least P10,000 monthly. But if you want the BPI Gold Mastercard, your monthly income should be at least P50,000. Whoa! I'm not earning that much. At least not yet! Hahah.

You need two valid ID's as every bank would require that to know that you are not a Jose Velarde wannabe and that you are not connected to some obscure terrorist group somewhere. You also need to show that you are earning legit money from legit sources. That said, you would need an income tax return, or at the very least a certificate of employment stating your income and your employment, of course. A proof of billing would also be necessary lest you put Mars or Pluto as your address.

In addition to this, you should be at least 21 years old. Not 18 years old mind you, but 21! You should reside in the Greater Manila Area including Bulacan and Pampanga, in Metro Davao and Metro Cebu. If you don't have a business or residence landline phone, you should get one because it is a requirement. It's just easy. With these tips on how to apply for BPI credit cards, you can go to the nearest BPI branch and apply.

For more tips on credit cards, please visit www.penstalker.com/whatevermighty

M Rasing is a freelance writer and blogger based in Quezon City, Philippines. He writes about movies, books, technology, gadgets and Philippine topics. He also features Filipino films, digital films, and he monitors the state of the Philippine film industry. For more of his articles, visit his blog at [http://penstalker.com

Article Source: http://EzineArticles.com/1346398

read moor ,,,

If you are looking for credit card help from the government, then you are in luck. Many people are not aware that the US government has actually made provision for anyone who has past due balances.

But there is one small catch. You need to have at least $10,000 in unsecured debt to qualify for credit card help from the government. This is a predetermined amount that is constant with each company that works within the stimulus bill.

Many Americans are not aware that the real reason you can get credit card help from the government is because the stimulus bill helped to funnel ten of billions of dollars into our economy. As this money helped to save your creditors, they were able to extend more loans to people who began fresh accounts. The reason that many of these companies were on the verge of bankruptcy is because of the amount of bad debt that they were carrying that was not being paid by the average consumer.

Now, once the credit industry received their bail out, many American families were able to get their debts erased? Why is this? Are these companies just being nice? Not hardly.

Once these companies were bailed out from the stimulus package. A secondary benefit came to those who had over $10,000 in debt that they were not able to pay. Your credit company will not phone you to let you know that you can do this however. They are happy to take your interest payments every month, but this is not necessary because you now have a way out if you qualify for the benefit of the recent bill passed in congress.

So how do you know how much you can get erased and how much do people with 10K or more credit debt get erased? Generally the average is around 50% and as high as 60% or more.

Remember, credit card help from the government does not come around too often, so if you have more than 10k, getting free information from the companies that work within the stimulus package can help save you a lot of money and heartache and most of all, a bankruptcy filing. The time that this debt erasure can take place had not yet been determined, so it could stop or the requirements could change at any time.

If you are in debt because you had no choice like many Americans, this "Rescue ship", has now been set aside to help those who are suffering in debt and have no means of paying it back.

Did you know you can erase your credit debt?

It is now perfectly legal to Erase Credit Debt according to the new stimulus package if you have over $10,000 in debt.

They give out free information to help you erase your credit card debt once according to the new stimulus package.

Article Source: http://EzineArticles.com/3919771

read moor ,,,

This article has been written to inform you of President Obama's credit card debt relief plan. There has been a lot of misconception about this plan and we hope to dissolve and clear up any questions that those in extreme debt have. In the beginnings of 2009, when our President was elected. Obama put forth what has been called "President Obama's credit card debt relief plan". Now, this plan is not a safe haven for all debtors, but it does give debtors the ability to erase 50-60% of their credit debt and even more. Sometimes this can be up to 70% the Obama credit card debt relief program.

Why is this possible? The answer is two fold: First, billions of dollars of funding has been put into the American Economy to help with our situation. Our President promised a major change to the US and this bill was one of the first things he did to help those who are trapped in debt. Secondly, with President Obama's credit card debt relief program, many creditors have been so called "bailed out" because of stimulus money.

What does this mean and how does President Obama's credit card debt program benefit you as a consumer?

1. If you have over $10,000 in unsecured debt, it can be erased by up to 60% and sometimes more.
2. You credit score will not be negatively affected by having to file bankruptcy
3. It gives you a chance to breath financially as you are able to work with companies that work within President Obama's credit card debt relief program.

Now, saying all of this, many times companies will help you once, so this means that after you debts are erased, it is important to get into a system where you only charge in emergency situations. Also, almost every company will talk with you for free to see exactly how much you can get erased.

Did you know you can legally erase your debts? It is now perfectly legal to Erase Credit Debt according to the new stimulus package if you have over $10,000 in debt. They give out free information to help you erase your credit card debt once according to the new stimulus package.

Click Here. It takes less than 10 seconds.

Article Source: http://EzineArticles.com/3906026

read moor ,,,

In this series we are going to cover one of the biggest problems all over the world. Credit card fraud.

For those who may not exactly know what credit card fraud is, a simple definition. Credit card fraud is the act of making a purchase using someone else's credit card information. Sounds like something that should be difficult to do. Unfortunately, it's not.

There are many types of credit card fraud, the most common we'll cover in this article.

First there is what is called "mail non-receipt fraud" which is when a new or replacement card is sent by the bank and never received by the person it was supposed to go to. This has been mostly combated by the banks sending out inactive credit cards where the person has to make a phone call in order to activate the card. Otherwise it can't be used. Unfortunately there are some banks that do not do this and still send out cards that are already activated.

Then there is what is called "chargeback fraud" where a legitimate cardholder uses the card to purchase goods or services. Then when the statement comes they call the credit card company and claim they never received the item or service or that they never authorized the transaction.

Another type of credit card fraud is called "skimming" where an employee or merchant makes a second copy of the person's credit card details before processing the payment. This copy is then sold on the black market to professionals who clone illegal copies of these cards. Fortunately, skimming has become less of a problem since the introduction of CVV and CVS codes. These are not encoded on the card strip but are physically written on the back of the card. This is a required three digit code to finalize all transactions. Without this code even a cloned credit card will not work.

Skimming at ATMs has also been a problem. What the illegally set up ATM machine does is place a skimmer device somewhere in the machine that reads the magnetic strip attached to the card. This is used together with various devices that monitor the keypad of the ATM by attaching a fake fascia over the original keypad. Fortunately, this is not as common today as it was years ago when ATM machines were relatively new.

Then of course there is "online credit card fraud" which is the most common type of credit card fraud today with all the transactions that people do each day. This type of fraud gets a little complicated but simply stated, when a person uses their credit card online, hackers monitor the person's entry into the merchant's system and essentially steal the credit card information without the person having any idea this is happening. Another way to get a person's credit card info online is to send an official looking email telling the person that they have to update their credit card info. They are sent a bogus link to go to where the info is collected and used for whatever purpose the scammer wants, whether to sell the info or use it to make purchases himself.

In the next article in this series we'll go into credit card fraud into more depth.

Article Source: http://EzineArticles.com/123783

read moor ,,,

Have you ever considered online trading? Trading through an Online Discount Broker is not a daunting task but it sure has its share of ups and downs. You are not a driven stock trader, agreed but you should consider opening an online account considering the recent developments in the online trading arena. Many online trading firms have reduced their fees as well as their commissions considerably and are offering many low-cost financial services.

The Consumer Reports Money Lab broker Rating

According to the Consumer Reports Money Lab, around 19 online brokers are using a standard web browser such as Internet Explorer and Firefox. The ratings were done on the basis of cost and scope of the services offered by the companies. Eight companies amongst these 19 companies offered stock trades less than $10 while 6 companies reduced the commissions to below $10 if the investors met their account size needs or trading activity. Some of the firms charged flat fees of $ 5.

Growing list of services offered by the company

Many online brokers are introducing new services to their existing portfolio. These include free stock research, free checking, ATM access, and automatic bill paying.

If you are venturing in the online stock trading market for the first time, check out a couple of online trading sites. Compare discount stockbrokers deals available on the various sites to select the cheapest online stock trading deal. Trade online and when you have gained confidence, invest in the bigger stocks.

A prudent move that helps most of the investors is to compare the offers and services of these online brokerage firms. Though the deals look similar on the surface, most of the companies try to individualize their offers and services as much as possible. The commission rates vary from company to company and are often a deciding factor for the investor.

Online stock trading can be a thrilling experience if you learn to play it well and within your self defined limits. Start with small investments and slowly and steadily as you mature as a player, can try your luck at 'no holds barred' online trading game.

SogoTrade stock broker: Stock Market Trade
Sogotrade free research tools: Stock Market Investing

Article Source: http://EzineArticles.com/598135

read moor ,,,

There is no doubt that trading in options is a very profitable enterprise. However, many people who are engaged in trading in the stock market stop short of touching the because of the high risk involved. What many stock market traders are not aware of is that it is possible to reduce the risk of trading in options by utilizing the correct tools and having the right information. If you are already involved with stock trading online then you will surely benefit from acquiring the right option trading software.

The reason that option trading is not very popular with regular traders in spite of the fact that it offers high earnings is that it usually calls for very complex trading strategies. Trading in stock options is not as simple as buying and selling a share of a company. Traders who deal in options have to specify a strike price and an expiration month. In addition, they have to state whether the option is a 'Call' or a 'Put' and on which side their initial position will be. A stock option can last for a maximum of 5 weeks because it expires on the third Friday of each month. The premium on the option declines as the expiration day approaches. Therefore, people trading in options have to take a short term approach to trading. There is therefore very little room for error in this type of trading.

The interesting thing about options is that its leverage is very high and you will not have to block a lot of money in it. However, you need to be able to find the right opportunities in the market so that you can apply the best trading system to it. Many trading strategies used for dealing with options are straddles, strangles, condors and butterflies. This can all be very confusing for a person who has only been used to regular stock trading online. The only way that you can make sense out of the complex business of trading in options is to make use of the right option trading software.

The right software will reduce your risk considerably because it will identify various trading opportunities for you. This will give you the confidence to undertake various trades so that you can take advantage of the potential of trading in stock options. You will therefore be able to increase your profits from trading many times over.

You have to be very careful while selecting the option trading software you will use. There are many of them available but not all of them can give you the results you desire. You will certainly be able to make money if you use any of them in order to trade online, but why would you want to settle for anything less than the best software? Make your choice carefully so that you become an expert trader in stock options. This will enable you to make an excellent living earning regular income without having to go to an office.

If you are interested in stock trading online, don't make a guesswork of it. Employ the right tools and trade on the right platforms. You are now invited to make your selection on some of the most trusted and reliable Stock option trading software to make your trades more profitable and less of human interference.

Article Source: http://EzineArticles.com/5805435

read moor ,,,

Welcome to a whole new world of investing! As a newcomer in the trading business, much less in the online trading business, learn to calm down for a moment and not just dive into the middle of trading with your gut feel as armor.

You need to immerse yourself in the nitty-gritty details first before you start. The most important of them all is to get an online trading account. Hold on to your horses and do not just open anywhere. Here are the tips to help you get a good and safe head start:

o Search for an online investing account

-Be careful though since you have to make sure that the online account is backed up or supported by a reputable financial institution.

o Equip yourself with tools and research support
-You could try those free software applications found in the internet.
-They offer speed, 24/7 customer support and of course, all the analysis and signals that you will need.

Even though you've landed yourself with the best to support you with your quest towards greater profit, are you adept with the common jargons being used by the traders? Don't be left out in the circle since knowledge of the trading business is what gives you an edge.

Bull and Bear markets don't talk about the sale of animals but the status of a country's economy. A country with a bull market means they're very much bursting at the seams with good employment rates, their currencies are very strong and foreign investments just keep on pouring in.

The Bear market is it's opposite. You see, the perfect example is what the global environment is at now - a plethora of unemployment, currencies seem to be falling down like shooting stars and foreign investments are quite shy and minimal. Just like what is happening to the United States of America as well as other countries. They are under recession and well, sometimes, this is the best time to buy or trade since shares of stocks are going down.

Best learn the fundamentals before you go to online trading. Since you are indeed a beginner, you may find it so appealing and you just can't wait to load your wallet with enormous sums of money. Take time to find your way and surely, your wallet will rejoice from the loads of Benjamins instead of those Lincolns.

Do not be frustrated with the word Loss since you've got to win some and loose some in order to find out what strategies work best for you. There is no standard rule in this game of odds. Be persistent and determined. Do not loose hope.

On your spare time, read reviews that are made available in the internet. There you can also gain some insights from various newcomer and seasoned trade investors as well. They're not that selfish in sharing some notes since once you consider them your mentors, they will feel elated all the more as a source of inspiration.

Trying to find information on beginner online trading? Look no further, we cover everything you need to know in our Online Trading Guide. Head to http://www.yourtradingzone.com/online-trading to get started today!

Article Source: http://EzineArticles.com/2351984

read moor ,,,

The best way to learn online stock trading is to actually do it - in a game, that is. Before you invest top dollar in the real deal, try online stock trading games first. These games simulate the stock market very realistically. You can develop a lot of investor insight and tactics just from losing and winning.

Benefits of Online Stock Trading

Online stock trading games have been very successful in creating awareness of and raising interest in investing. In fact, even younger people who play the games - particularly teenagers - have shown heightened financial management skills. In fact, educators are now looking at online stock trading games as possible study aids. Many schools and universities have either incorporated -or are planning to very soon incorporate- games into economics and finance classes.

Easy to Use

Anyone can play online stock trading games. Just sign up for a free mock account, and you can start dealing like a pro, too. You can easily set up a virtual stocks and shares portfolio, spread betting, or CFD or Forex trading portfolio. After this, you can instantly compete against your friends or anyone else in the mock trading competitions. You can even join competitive leagues. The games are available not only for personal computers, but also for portable mobile devices such as wireless Internet-capable personal digital assistants and even cellular phones.

Offline Stock Trading Games

If you are not particularly technologically savvy, do not worry - there are also more "traditional" stock trading games available for you. These games look much like regular card games - you trade your cards (as stocks) with the aim of cornering a specific stock market (getting all the stock cards). The games come complete with trading rules and even trading how-to's. They are usually inexpensive - most are available for under $15.

Online Stock Trading provides detailed information on Online Stock Trading, Online Stock Trading Companies, Free Online Stock Trading, Online Stock Trading Games and more. Online Stock Trading is affiliated with Futures Trading Online Analysis.

Article Source: http://EzineArticles.com/278039

read moor ,,,

One of the pharmaceutical industry's quickest growing section is so-called Internet pharmacy, which allow people to buy indispensable medicines at lower cost from foreign countries. Among all the countries, Canada emerged as the leader of Internet pharmacies. The Canadian Internet pharmacy, satiate with cheap medicines, draws attentions to Americans struggling with costly prescription drugs. So far, people have been buying prescription drugs from Canada, where they are 60% to 70% cheaper. Anyone wishing to order and buy a drug from Canada pharmacy just does it from comfort of home or office with aid of Internet.

With the growing urgency in the U.S. regarding the high cost of prescription medications, more and more people are willing to buy medicines online from Internet pharmacies. Canadian pharmacy, offering drugs at cheap rates has been the top performer. Many Americans cannot easily afford their medications due to lack of health insurance or without a prescription drug benefit.

It has been observed that a patient from the US buys drugs from a Canadian pharmacy. Considering the total U.S. population, Canadian Internet pharmacy market is still too small to meet up to the demand of U.S. citizens. In the year 2003, Canadian Internet pharmacies posted sales of $1 billion, compared with the $200 billion market in the U.S. With the growing years, sales by Canadian online pharmacies have grown rapidly. Illinois, Wisconsin and Minnesota are the major areas from where the maximum online orders are placed at Canadian Internet pharmacies.

Medical costs in the US are very expensive than that of her neighbor Canada. It is very difficult for an individual in the US to go on medication without incurring huge costs. It is the primary reason why many patients from the US go for buying drugs from a Canadian pharmacy. Branded drugs purchased in Canada can cost very less than the same drugs purchased in the U.S. Canada prescribes only FDA approved drugs and a patient buys a drug in Canada as it costs less.

Canadian pharmacy also employs professionals who are qualified to give online prescriptions. Anyone with a need for a prescription for a certain kind of drug needs to give physical health information to the professional via Internet. Then, it is decided whether the individual should be prescribed for the dosage of the drug or not. Considering the anxiousness of people regarding the safety and reliability of Canadian pharmacy, the squaretrade licensed pharmacy program has made it easier to discern which pharmacies you should buy from. The Squaretrade Company certifies whether or not an Internet pharmacy has met the standards and based on that the squaretrade seal of approval is given which is visible on the front page of every squaretrade-certified site.

Canadian Internet pharmacy enables a patient to buy and place orders online at any hour from any place. The medicines are then sent as soon as the online facility receives the order. Canada Internet pharmacy provides service that is unmatched in professional service as well as assured that you will only receive the finest medications in the world.

Wain Roy is an internet marketing professional expert in various industries like real estate, web design, finance, medical tourism and Canada pharmacy

Article Source: http://EzineArticles.com/439928

read moor ,,,

Pharmacists in Canada are now moving over and going beyond routine duties like sitting behind the counter, collecting drugs and counting them. In fact, the industry is now witnessing a paradigm shift and pharmacists are at the centre of this new development in that country.

Canada is now grooming a new generation of pharmacists who are now even counseling patients and giving them advice on the best and cost effective drugs. This new dimension to the career of a Canadian pharmacist has been attributed to the developments in the industry as a whole and the need to adapt to new market trends. Pharmacists are now being trained to adopt a patient centric approach, which also includes taking over some of the duties, hitherto performed by doctors.

Budding Canadian pharmacists are also being taught to identify, mitigate and prevent problems related to medication. While the field of pharmacy is ever changing and evolving, pharmacists are now required to be on their toes all the time and adapt to changes in all the three modes of drug sale including online, mail order and conventional methods. Pharmacy schools are now giving special training in these aspects. A pharmacist should learn to cope with the bulk of information flowing in or he could be overwhelmed just by the number of new drugs that are hitting the market every year.

Special emphasis is also placed on learning about the laws and regulations that are in place in Canada and the prevalent public health policy at the provincial or national government levels. Pharmacists are also required to liaise with community support groups and with ailment related groups like the local associations like the local lung association and local diabetics association. This mandates the knowledge of public relations work not to mention possession of good communication skills. The curriculum followed by Canadian pharmacy schools has evolved well in the last few years to cover these emerging areas and to provide students with the edge needed to obtain employment after obtaining their degrees.

Drug manufacturers have been roped in by many reputed pharmacy schools to aid pharmacy students in choosing their streams from a wide range of options. Pharmacists are also being guided to grow into the excellent community pharmacists who go on to become the first link in the health care system. They are expected to play a significant role in ensuring that the patients receive the best drug therapy. Pharmacists can also specialize in fields like oncology, infectious disease, psychiatry, etc. Specializations help them in playing their role in various health care teams.

The industry also wants pharmacists in areas like clinical research, marketing and public relations. They are also being involved in preparing information materials related to drugs and in educating pharmacists, physicians and patients.

As of now, 9 universities in Canada are having pharmacy schools. The admission requirements usually vary from one university to another. After obtaining a Bachelors degree in pharmacy, one has to pass a national board examination through the Pharmacy Examining Board of Canada. After this, one can also get some practical experience through an internship program. Different provinces in Canada have put forth different requirements for becoming a licensed pharmacist.

In 2002, the American Council on Pharmaceutical Education (ACPE) began recognizing the accreditations awarded by the Canadian Council for Accreditation of Pharmacy Programs (CCAPP) for programs leading to a baccalaureate degree in pharmacy.

Canadian Pharmacy provides detailed information about Canadian pharmacy, Canadian discount pharmacy, Canadian mail order pharmacy, Canadian online pharmacies and more. Canadian Pharmacy is the sister site of Side Effects Of Antidepressants.

Article Source: http://EzineArticles.com/144206

read moor ,,,

There has been a growing concern regarding fake internet pharmacies. In fact, the growth in the number of fake internet pharmacy websites has been termed as a "global disaster" by the pharmaceutical industry.

There are two things to stress here.

First, there are definitely unscrupulous con-men operating fake internet pharmacy sites. You must take care in verifying the validity of any online pharmacy before you order your medications from them.

Secondly, you need to take reports from the pharmaceutical industry with a grain of salt. Big Pharma wants Americans to continue to buy "inflated and overpriced" pharmaceuticals from their local pharmacy. It is in Big Pharma's best interest (more profits) that you pay top dollar for your medications locally rather than buying your medications affordably from a licensed Canadian pharmacy. Therefore, they use fear to scare you away from Canadian pharmacies and Canadian prescription drugs.

So how do you ensure that you are ordering from a genuine Canadian pharmacy and not a fake internet pharmacy?

First, review the pharmacy's website thoroughly. The website should provide you with the pharmacy license number, the physical address of the pharmacy and the regulatory body that oversees their operation. Most Canadian pharmacy regulatory bodies have a website that lists the registered pharmacies in their jurisdiction. You can visit the website http://www.napra.org in order to find the listing of pharmacies for each province in Canada or to find the regulatory body for the particular province your pharmacy is located in.

The pharmacy should also provide a phone number on their website for you to call. A pharmacist should be available for you to speak to about your order. Ask the pharmacist about their credentials and ask for their license number. If you want, you can verify this license number with the provincial pharmacy regulator.

Another item to look for is the Canadian International Pharmacy Association (CIPA) seal. CIPA is an organization that represents legitimate Canadian pharmacy sites that provide pharmacy services to patients internationally. Now, seeing this seal on a website is not a guarantee in and of itself. Fake internet pharmacies have been known to hijack the CIPA seal and place it on their website. The only way to verify the legitimacy of the CIPA membership seal is to actually visit the CIPA website at http://www.ciparx.ca and use their Verify Membership function. A fake internet pharmacy will not have its website listed here.

And the final item to look for on a Canadian pharmacy website is the PharmacyChecker seal. Pharmacy Checker is an independent agency that verifies the legitimacy of Canadian pharmacies as well as American and International pharmacies. In fact, pharmacies can not advertise on Google without a PharmacyChecker seal and Google takes this very seriously. You can verify the PharmacyChecker seal by visiting http://www.PharmacyChecker.com and clicking on the Pharmacy Ratings and Profiles.

Other than checking out the above items on the pharmacy's website you should also make sure that the pharmacy requires you to provide a prescription from your doctor. Any website that does not require you to provide a prescription is not a legitimate Canadian pharmacy.

Follow these simple rules and you can feel safe knowing that you are safely ordering your medications online from a real, licensed Canadian pharmacy.

Copyright (c) 2007 Jeremy Cockerill

Jeremy Cockerill is a licensed pharmacist with the http://www.universaldrugstore.com

Mr. Cockerill was chosen as the 2005 Manitoba Customer Contact Association's Manager of the Year.

Mr. Cockerill is an advocate for patient access to affordable medications.

Article Source: http://EzineArticles.com/679363

read moor ,,,

There have been warnings from different U.S. agencies regarding the purchase of drugs from a Canadian Pharmacy. Despite these warnings, the number of Americans who buy from them are still growing in number. Some governments have been crossing the border into Canada to buy prescription drugs because costs of purchase save people a big amount of money. Since more and more people find it difficult to manage their finances due to the downward economy, they find means and ways to save money and cutting down their expenses on medications is one of the solutions they see.

Drug costs continue to rise and the Americans are projected to spend billions of dollars on prescription drugs alone according to the US Department of Health and Human Services. Since Canada's government regulates their prescription drug prices, you can expect to buy from a Canadian pharmacy at a price that is within your reach. If you buy insulin from a Canadian pharmacy, expect to save $250 annually. This is already a big savings to the family who earns a meager income.

Thanks to the World Wide Web, you can now buy cheap medicines from an online Canadian pharmacy. The good thing about purchasing from these pharmacies is that you do not have to pay for overhead charges. Generics are available to the customers and this can save you a lot of money instead of buying the branded medicines. The quality of these medicines is extensively regulated. Buying online can save you from having to make trips to the local drugstore.

Technically, it is illegal to bring import drugs into the US soil from Canada or from any other country, but the Food and Drug Administration does not seem to be disturbed about certain types of drugs being ordered online. If you are concerned that your shipment will not reach you, customs usually does not take notice of drugs being shipped just as long as they are for personal use and are considered to be not more than a 90 day supply.

How can you tell if you are purchasing quality Canada drugs? Make sure that you are purchasing from a licensed Canadian pharmacy. You may ask for the credentials of the Canadian pharmacy or see if they have a pharmacist on board. Fake Canadian pharmacies usually do not have with them an in-house pharmacist. If the pharmacy is unable to give you these relevant information, then you should look elsewhere.

Another important thing that you should remember is never attempt to buy prescription drugs online without a valid prescription. There are pharmacies that have a distant online or telephone doctor and this is something that should be avoided at all times since an invalid prescription may result in you having to pay for thousands of dollars in fines and you could even be put behind bars.

If you are looking for quality drugs that have low prices, then a Canadian pharmacy can give you a more competitive price. Just be sure that you are purchasing from a licensed pharmacy and this might save give you up to 80% savings.

Canada Drug Center is an online canadian pharmacy that allows you to buy fosamax. On this website, you'll find thousands of prescription and non-prescription brand and generic drugs at discount prices.

Article Source: http://EzineArticles.com/5892524

read moor ,,,

So what is that makes the Canadian pharmacies so attractive to customers in the US? The answer is quite simple and just boils down to one word: pricing. Pharmacies based in Canada claim to offer prices which can more than offset the option of purchasing drugs from a vendor based in US. These pharmacies sell virtually all drugs sold by vendors back in the US and can be shipped to any destination in America. The situation is such that American HMOs are encouraging US citizens to get the prescriptions medications from Canada.

This is the main reason why Canadian pharmacies have managed to attract many US customers and the customer list continues to grow. There have been claims of filling up to 3000 prescriptions a day. Medications imported from Canada could cost up to 60-80 per cent less than those purchased from within the US. Canadian pharmacies also sell drugs to patients without prescriptions in these cases, if the patient is connected to an online doctor. Prescriptions are then given either online or over the phone and the drugs are shipped to your location overnight using the courier service.

Some pharmacies also provide an option of purchasing cheap drugs from countries in Asia and Europe, or whichever country offers the lowest possible price, and can have it shipped to you at no extra charge. In any case, the prices will still be far cheaper than the ones offered by US pharmacies. The entire US pharmaceutical industry is up in arms against their Canadian counterparts and wants to control this trade in order to survive with healthy profit margins.

Canadian Pharmacy provides detailed information about Canadian pharmacy, Canadian discount pharmacy, Canadian mail order pharmacy, Canadian online pharmacies and more. Canadian Pharmacy is the sister site of Side Effects Of Antidepressants.

Article Source: http://EzineArticles.com/144205

read moor ,,,