When you are faced with financial hardship and you want to write an effective letter for loan modification, there are some basic rules you need to abide with for your application to be accepted. I have drafted here a sample letter for loan modification. Start the letter by writing your name, loan number, contact address, phone number, and may be your email address. Then in the body of the letter: To Whom It May Concern I’m writing this hardship letter to you in order to explain the reasons behind my requesting for a loan modification on my mortgage payments. I made my last payment just before August last year, since then I was not able to make any other payment on my monthly mortgage, reason is because of my husband terminal illness with gulp huge amount of money from our treasury since then it become increasingly difficult for me to handle alone. I am requesting for an interest reduction down to YX% from my current XX%. I feel it is a fair percentage for you, and this will be within my means. Prior to husband illness, both of us have been making enough to carter for our mortgage. Even when our interest rate rose to XX% we had no difficulty paying it. However, since the illness, I was left with half of the monthly income I had before. I had been pulling together enough to pay the bills and mortgage by pulling from our savings and the small amount of life insurance I received, but I can not cope for now that is why I requested for loan modification option from you. Without you lowering my interest rate, I won’t be able to afford the monthly payments. I have to make a choice between a loan modification and a foreclosure. I prefer the former far better than the later, and you probably would as well. YX% is the most I can afford now, even if I cut all of my expenses out of the picture. Please consider my application seriously and I hope to hear more from you on this matter soonest. Sincerely, Your Name (with date) You will notice that this letter is simple but straight to the point, it explain the circumstances of the loan seeker and her ideal interest rate based on her present income, she also showcase seriousness, she also let the lender know she would like to still maintain her home, the letter also pleads a good case for the lender, your lender must be aware of your choice between modification and foreclosure, although your lender may lose money on loan modification but it can not be compared with foreclosure, if you get all your facts, numbers and story straight you can put up a compelling hardship letter. Further more, for essential tips and facts on how to get quicker approval on your loan modification, I have done some research on this for you, visit for updated information.
Philippines National Bank (PNB) is among the largest banks in the Philippines in terms of assets. It is one of the most established bank in the country and included in the Philippine Stock Exchange.
During the American colonial period, PNB was established by the Philippine government on 1916. In 1980, it became the first universal bank in the country.
If you are thinking to apply for a bank account at PNB, you must prepare all the requirements before going to the bank to have a smooth processing of your application. It would be better if you can also apply for online or mobile banking once you applied for a new bank account.
Internet or phone banking is a good service offered by PNB since it will give you access to your account anytime and anywhere as long as there is an Internet connection. You can also pay your bills like utility bills online if you have Internet banking account.
The guide below can give you an idea on how to open a new PNB bank account. You can follow it for quick processing of your application.
1. Choose the PNB branch you would like to apply for a new bank account. It would be better to select the branch near public roads where there are many means of transportation.
2. Bring complete requirements when opening PNB bank account.
3. Prepare your money for initial deposit of your new bank account. Normally, for ATM and passbook account, the initial deposit would be P5,000 and P10,000 respectively. For applying a peso checking account, the minimum initial deposit would be P10,000.
4. Make sure to bring ball pen because sometimes there is no ball pen available at the bank. It is better to be ready than to have none.
5. Proceed directly to the new account desk when you arrived at the bank. Inform the bank officer you would like to open a new savings account. Fill up all forms and signature cards that will be given to you. Make sure you complete all the required data.
6. After finishing filling up all application forms and signature cards, handle to the bank officer you initial deposit, requirements and forms. This process may take 20 minutes or more since it will undergo checking and approval.
7. Normally, ATM or passbook will be available for pick-up to your PNB branch after 5 banking days had passed or you may ask the bank officer when it will be available to be sure.
PNB is one of the best banks in the country if you are considering to apply for a new savings account. If you want quick processing and approval of your application, remember to bring with you all requirements for opening a new bank account.
Traders make good money doing Bitcoin trading. Recently, Bitcoin was in negative news as one of the online companies that accepted Bitcoin was selling guns and drugs to people and the FBI arrested their owner. However, that does not mean that Bitcoin is over as the FBI still considers that Bitcoin is not illegal. In its charge against Silk Road, FBI claimed that Bitcoin is not illegal and there are not charges against it.
Bitcoin which is generated at a controlled rate using a computer program is becoming a popular trading option among traders. Also, being traded around the world these days for many traders consider it a beneficial tool to make profit like Forex, you can trade Bitcoin and profit from it. Additionally, as there is no governmental interference, you do not worry if it is under the whims and fancies of the governments or rulers.
How Can You Trade Bitcoins?
You need to first contact brokerage firms as there are several brokerage firms that help you trade Bitcoin. They help you make money investing in Bitcoin as most of these brokers are known for providing highly useful trading platform; you can trade without much hassle. Additionally, they help you trade bitcoins like you trade any other asset like currency paiies and help you make money.
Why is Bitcoin a Lucrative Asset?
In the last couple of years Bitcoin has become one of the most popular trading options for traders. This year in the beginning it went higher up, and was trading close to 250USD per Bitcoin; from this fact, you can understand how much potential it has for traders. Moreover, Bitcoins are safe and secure as these are a cryptographic digital currency, there is a lot of privacy and that is what attracts traders.
Additionally, as Bitcoins are generated at a controlled rate using a computer program, even you can make them and save them in your hard disc; however, that needs a lot of expertise and skills required for Bitcoin mining. Nonetheless, the best thing for you if you do not want to do Bitcoin mining is that you can purchase Bitcoins in one of two ways i.e. you get them either through an exchange platform, or directly through other people i.e. retailers.
These are often sold by retailers or traders who wish to make money buying them at lower prices and selling them at higher prices like any other currency or share. However, you need to be cautious about all this as there are chances of cheating. Nonetheless, whoever you buy your Bitcoin from, make sure that it is saved or protected as there are a lot of cases where they have been stolen.
Travel insurance helps to get money back due to certain emergencies like baggage loss, health issues and many other problems. It includes coverage for medical, migration, cancellation and many more. If you have planned a major vacation in advance, then it is a smart purchase. It is important to choose the right policy to get the benefit. Since these usually work as an independent travel insurance service providers, they offer you insurance rates from hundreds of companies.
Travel insurance is divided in following major categories:
1.Trip Cancellation Insurance: Repayment to travelers who are unable to take their trip due to several reasons like health issues or death of the traveler or a family member, jury duty, airline strikes, terrorism, bankruptcy, or their home being rendered in bad condition because of some natural calamities.
2.Medical/Health: Most of the travel insurance plans work by repaying the traveler after they have paid locally for cure. The claims are paid within 7 to 10 days after applying for reimbursement.
3.Medical Migration: In this, travelers are provided emergency transportation to a local hospital or to a hospital which is near to their home. Family members can return home if they are also covered on the same policy.
4.Accidental Death: This coverage is divided into three parts. They are
I.Common Carrier: It covers death or dismemberment at the same time of traveling on public transport like plane, train, ship, van and cab.
II.Air Flight Accident: It covers death or dismemberment during an air flight only. It provides the maximum amount of coverage as there are few chances of mishappening.
III.Accidental Death: It covers dismemberment or death at any time on the trip. It gives the least amount of coverage because of maximum risk of crisis.
5.Rental Car Damage: companies reimburse travelers for damage or loss to a rental vehicle.
6.Travel Delay: travel Insurance companies repay the money for food, clothes and hotel expenses in case flight is delay.
7.Assistance Services: insurance companies provide 24 hours collect call advice and help services to travelers. The service is used whenever a traveler needs suggestion.
8.Baggage Loss: they reimburse travelers for misplaced, stolen or broken personal items. The coverage is usually for the duration of the trip, and it is not restricted to baggage broken or misplaced by airline. Total claim and per item maximum are the two policy limits. Some policies also place restrictions on items like laptops, jewelry and sporting goods.
There are various online portals that give details of numerous travel insurance companies. One can browse them on the internet. Read all the details properly to know about the policies of the company. Choose the company who has a good reputation and offers good services. Select the company that offers instant answers to all the insurance policies and able to purchase directly in real time. You can read reviews of the people to know about the company and their services. Give suggestions so that they can improve their services.
People want their money to work hard to deliver the best possible return on their stake. There are many ways that people can grow their money, from traditional savings and ISA accounts to more diverse investments such as commodities.
Current times are quite challenging in terms of what investments actually do provide a decent return on customers monies, and many people are turning to ethical investment opportunities.
What is an ethical investment?
An ethical (also known as Sustainable) investment is an investment that not only offers a good return on the clients money but also helps the planet. This is done by investing in commodities such as timber, where plantations are created and harvested over a designated period of time. These opportunities often come with social and environmental objectives. They can provide jobs to communities whilst creating sustainable fuels and forestry for years to come.
Why should you chose an ethical investment?
Investing money is all about getting a return at any cost. Ethical opportunities are different in that respect. Ultimately the end goal is getting a return on investment, but alongside this investment you know that the money is being put to good use in both a socially and environmentally responsible way. By choosing an ethical investment you can be sure that your money will be put to use in a way that will also help the environment both now and the foreseeable future.
What are the risk of ethical investments?
There are always risks in any investment and ethical opportunities are no different, however they do tend to often perform well under poor market conditions. It is important to note, however, that an ethical opportunity might have a higher risk profile than other investment opportunities where a companies activities are more mainstream.
What types of ethical investments are available?
There are many different types of sustainable opportunities available to people who are serious about socially responsible investments. These can range from Forestry and Farming to alternative energy sources and eco-housing.
Before you embark on any type of investment, be it ethical or not, you should always seek guidance and where possible have a look at how the market has been performing over a period of time. Sustainable investments can offer a very high return on your investment, but as with any investment there is an element of risk involved. In some cases the element of risk may be higher in an ethical investment than in a non-ethical option so you should always research the market prior to departing with your hard earned cash. You should only ever invest what you can afford to potentially lose.
Sustainable investments can provide you with a high return on your money, whilst also helping to build a sustainable planet.
A high yield investment program (or HYIP) is one of the most interesting investments out there. However, like a number of investment opportunities, it has been the target of a number of scams.
The simple version is that it is an investment method that offers a high rate of returns with some risk. The investor can invest small amounts into a HYIP, which can, if it does well, yields a higher-than-normal rate of return, which you can then cash out or re-invest. While investing, you can discuss how the investments are doing and find out about scams on websites called monitors, which keep an eye on how HYIPs do.
The slightly more interesting version is that an investor sets up an account with an HYIP, and then invests a certain amount of money into the HYIP, which can be for either very small amounts or for large amounts, depending on how much you want to invest. You decide when to pull out, and then what to do with the funds.
However, be advised that it is an investment and carries with it all the risks of an investment. As such, there is the real possibility of losing the money that you invest, for all the usual reasons. Dont invest more than you can lose, and thoroughly check out the investment before giving the HYIP a single cent, just as you would any other potential investment. And be aware that, just like other investment, there are some HYIPs that are scams.
Using an HYIP as a scam is abetted by a number of factors. The first is the mystique of investing; too many people jump into investing without really bothering how it works, and hoping to get something big for something little. There is also that it relies on e-gold, which, although it has a number of advantages, but transfers cant be reversed; unlike a credit card, if a transaction goes wrong, you cant get the money back. The last is that it looks like just another HYIP, and can therefore fool most people into putting money into it, which then disappears.
Another part of the problem is that they can be easily be used for ponzi schemes, either fueling one or being the bottom layer of one. Just be watch out for very-well performing HYIP, including those with an outrageously high rate of returns, and trust the monitor sites.
Although it can be a great opportunity, you need to go into it with your eyes open. If you find a scam, then report it to the nearest Treasury office or monitor website. If you dont, then you may have just found the way to an early retirement.
The definition of finance is the provision of funds or loan supplied to an individual or company. Often this term is used for the study of economics and how money is controlled. It can be also defined as the management of funds and capital required by a business and private activities. Management of finance has also developed into a specialized branch within the financial sector and is carried out by finance managers.
Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The word Optimizing may sound strange but it refers to taking measures that minimize the cost of financing while simultaneously attempting to maximize the profits out of the employed finance. Bad debts are poor finance management where rules have not been followed; the result of this is depressed markets, low production and a cash crisis. It is for this very reason that finance managers are very careful with finance they agree too and where it is funded from.
It is not uncommon to hear finance managers referred to as bean counters as they are looking at immediate returns and initial costs against the potential at a later stage. Finance managers are the pessimists whereas sales managers are the optimists who look to the future and not to the past! Often though, problems occur with small businesses who fail to see the distinction between a business loan and a personal one. Most lenders will cancel the loan if they feel they have been deceived this way because they are unsure what the money is to be invested in.
Hopefully by educating the small (and large) business owners of their fiscal responsibilities they may build the basis of an improved company in the future. Small businesses can be very flexible, however, and call upon friends, other businesses, family members, even their own bank for finance.
Finance managers can help improve their company’s profits by using external sources which also lessens the risk on them at the same time. The famous comedian Bob Hope best summed up the subject when he once said; a bank is a place that will lend you money but only if you can prove that you don’t need it.
You have finally reached a level of income and assets that you need to find a conveniently-located financial advisor in California to get you to the next level of wealth building. Congratulations, because that is a good problem to have. The right financial advisor can not only steer you in the right direction, they can also do something for you that you probably never thought necessary; they can teach you about your own money. Like it or not, you can be, and probably are, your own worst enemy when it comes to managing your money.
The laws are different on the West Coast, so you are going to want a California financial advisor, not a voice on the other end of the telephone and on the other end of the continent. Beyond very specific advice, here are some general guidelines that will help you find the professional help that is right for you:
Right or wrong, consciously or unconsciously, an advisor who works on commission can have their judgment clouded by an individual transaction. Instead, look for an advisor that charges a fee instead of a commission. Do not be fooled by advisors who tout their service as fee-based, which simply means they charge a fee and a commission.
One resource you can use to find a fee-only or hourly financial advisor is the National Association of Personal Finance Advisors.
It comes as an unpleasant surprise to many seeking financial management; the only requirement to be able to legally give financial advice or to buy and sell assets is a passing mark on a test about securities law. If they are going to going to sell insurance, they will also need an insurance license. Just about everything else is mere filler.
The one designation that still retains meaning is CFP, which means that the recipient has underwent a thorough background check, has passed a comprehensive test covering all aspects of financial planning, and has at least three years of experience in the field. To maintain that rating, they must enroll in continuing education to stay current.
The Voice of Experience
The generally accepted length of the financial business cycle is seven to eleven years. Therefore, if you only consider hiring a California financial advisor who has served in that capacity for at least ten years, you will have the advantage of working with someone who has experienced firsthand the peaks and valleys of the investment landscape. When it is your money on the line, a cool and steady hand is what is called for.
There are risks associated with any investment plan, and past success is not an absolute predictor of future performance. But by following these three simple guidelines, you can maximize your chances of safe and steady financial growth.
For more information about California Financial Advisor, please visit our website.
So you just got a new Mac huh? And now you’re trying to figure out how to make the transition from life as a Windows user to a new operating system. Finding the right personal finance software can be a challenge. If you were using Quicken on your old Windows computer, you’ve probably heard that there is a version of Quicken just for the Macintosh computer. Unfortunately, many of the features found in Windows Quicken. Also, using an emulator (letting you run Windows applications on a Mac) can get complicated and is prone to its own set of problems. So now what to do?
I suggest looking into Liquid Ledger. This personal finance software solution comes with a robust set of features which can help you track your money down to the last cent. The goal of any good money application is to let you see what you’re spending and what you’re bringing in. Once you determine this, you can make wiser choices about how to budget your money. Here are some features that Liquid Ledger offers:
* The program saves you time and energy by allowing you to automatically schedule regularly occurring payments. The software will alert you when the payment is due, keeping you from having to remember all those bills. You also have the peace of mind that forgetting a payment is a thing of the past.
* Create a budget, then compare how much you planned to spend against how much you actually spent. This lets you see your situation all during the month and find out why the money always seems to disappear.
* Liquid Ledger lets you create powerful reports that let you determine your net worth.
* If you’re a programmer (or even if you’re not), you can use AppleScript to automatically perform repetitive tasks within the program, saving you even more time!
* Travel a lot? Need an application that lets you go back and forth between different currencies? No problem! Liquid Ledger seamlessly transfers funds from one account to another in any number of currencies.
* Liquid Ledger uses bank jargon you’re already familiar with as a customer. This means you won’t be left scratching your head wondering what this or that means.
* You can print your own checks…how cool is that! As long as you have either a laser-jet printer or inkjet printer, you can use the drag-and-drop GUI to create custom templates.
* No need to enter data over again from your old OS-you can import (and export) account information in QIF, CSV, and OFX formats.
Using Liquid Ledger, you can track transactions, keep up with investments, and balance your checkbook, all inside a straightforward user interface that’s a snap to learn. So if you’re making the switch from Windows to Mac, you owe it to yourself to take a look at Liquid Ledger for your personal finance software needs.
We must moreover abstain from creating on the web banking in community places plus about general public Wi-Fi hotspots as these people can mostly become less dependable. If it really is inevitable, nonetheless, consider using a VPN as this may encrypt a facts and create it harder for snoops to find out or disrupt a communications. You should moreover usually render certain to record over properly whenever your need complete plus never leave their web financial session unattended. If you notice any unauthorised deals, strange activity or everything dubious, call your financial immediately. I absolutely thought your see less user behind the teller line than you performed actually a decade before,’ Jurney said.
Although net banking entails chances and imposes specific difficulties, there are numerous functions offered by information technology. To get these pros, it is actually vital for 1 to educate himself regarding the threats, plus the tips he’ll be in a position to take to defend their financial data plus marketing and sales communications. It’s also essential to discover the liberties plus obligations because an online financial customers, in purchase to render an improvement to one’s very own economic well-being. Anyplace Banking ” is actually complete by connecting of metro divisions through satellite linked communication community making use of VSATs and on-line desktop system. Inter-connectivity from satellite-based correspondence channels become much much more reliable plus effective as compared to ground-based leased outlines.
Look for specialist details on the subject of open bank account online and …, or perhaps Bank Account Without Credit Check prior to when you make your choice.
Honest International Bank Account Number Articles
Although there are worthwhile alternatives to traditional banking , perhaps the greatest ways to save yourself time plus money is to have a mixture of reports. If you is qualified for a credit union, then saving with them are possibly the greatest choice because you can easily get remarkable rates plus an individual are able to borrow money at a much more fair rate if you require to carry out very in the future. You could combine this with a web account to pay the bills, as this enables one to pay bills immediately and manage a income most effectively thus which you constantly pay on time.
Consular Identification Card – Find about from the consulate whether there are this card or perhaps not. Some financial institutions now recognize it as a kind of identification.Individual Taxpayer Identification Number (ITIN) – We can sign up for an ITIN amount without having any social security number. It’s only to record the earning for tax reasons. A number of banks include today considering it because a form of identification. Zwiebel declined to discuss particular details regarding which branch regarding the employees plus future of the strengthening, which PNC owns. But she said PNC does its ideal to spot employees at various other branches, and normally puts the developing up for sale.