Wide Spread Loan Modification Abuse Avoid Becoming a Victim

With so many people facing foreclosure today, thousands of loan modification companies have emerged offering a financial lifeline. Unfortunately, most demand big upfront fees, are not sufficiently educated in the industry to actually help, and may hurt by wasting valuable time and effort, or many companies (about 75%) are in the business to scam people. As stated by Illinois Attorney General Lisa Madigan–If you are struggling to make your mortgage payments, or if you are facing foreclosure, stay away from anyone who says that they will save your home for money upfront-.

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Loss Mitigation Specialist C. Thompson Sr (Nationwide Assistance, Clermont, FLA), has determined several tale tale signs of scamming by these companies:

Charges a huge upfront fee- the purpose of the fee is to contact the lender to ask for a loan modification. But, if turned down, only half the fee or none of the fee is returned. In these cases, there should be a money back guarantee.

Will not explain the purpose of the fee- all services should be explained and all questions answered.

Is not interested in your circumstances- may not have your best interest at heart.

Does not stop the foreclosure proceedings during the negotiation.

Will accept the first proposal from the lender, which may not suit your circumstances.

A virtual company-no real office- may not be a real company.

Too good to be true- promises a fantastic interest rate or/and an exact principle reduction amount, without consulting the lender. No promises can be made without negtiating with the lender.

No approval process-An approval process should be the first step in the modification process, before a fee is paid. The process should not include credit qualification, and approval should not be made on the first phone call.

Not a member of the Better Business Bureau.-they are not a leader in the industry.

Fortunately, you can avoid these scams. There are other avenues to pursue if you need assistance with your urgent mortgage problems. Consider a non-profit agency that will assist you without charging a fee, or a real estate licensee and an attorney who will work and allow payment after the work is completed. You can also obtain free advice and consultation for your refinance, loan modification and foreclosure needs through several government agencies:

Hope NOW –

FHA –

California Department of Real Estate –

Making Home Affordable-

The information presented above applies to home refinancing and loan modification abuse. However, if you are seriously looking to improve your finances in general, visit to find out more.

A Free Forex Trading Tool Forex Trend Indicator

If you are looking for tools to help you improve your finances while trading forex. There are some free tools available on the internet that can be beneficial and helpful in your currency trading endeavors. Forex trend indicators are tools that monitor and detect the trend of currency. It can be quite useful when trying to make trades without letting emotions get in the way.

A free forex trend indicator can help you decide whether to buy or sell a currency. It will know if the trend is heading up or down and notify you. By knowing, you can base your buy or sell trade on the trend of the market. This is quite beneficial for you if you’re a trader looking to make trades daily while researching and monitoring the markets.

It is quite easy to find a free indicator online you just have to do some searching. These systems aren’t that sophisticated and typically run off of a common platform such as Meta Trader. They are very easy to setup and work almost instantly in demo and live modes. Usually they label the graph with some sort of notification to tell you the trend of the market. For example, it may show an arrow or word UP or an arrow pointing down and the word DOWN.

On the other hand, this tool isn’t always useful for everyone. If you are unfamiliar with forex trading and don’t know how to use the direction of the market to your advantage there are other tools to consider. You can follow a professional trader, use a robot, or learn by doing research and then use the tool.

By reading eBooks, Books, following professional traders, watching training videos, and utilizing this tool you can learn to be an expert trader in no time. Or depend on an automated system such as an expert advisor that will make careful and calculated trades that can result in positive cash flow. This is a great way to benefit from the currency markets without spending your valuable time on learning how to trade and especially how to make successful trades.

The bottom line is the forex market is worth researching it is an alternative way to invest your money that most people do not consider. It can be quite profitable if done right, and the best part is it’s always trading, except on weekends. You can trade at late hours of the night. It is exciting to play this market and everything is at a faster pace than the stock market.

Unlike other markets, the currency market tends to not be affected by news and other political or economic factors that the stock market is affected by.

Compare car insurance quotes in California online

Few decades back cars used to be a luxury commodity. People belonging form the higher status group were only able to purchase cars. It was a status symbol back then. Today anyone can buy a personal car for his or her requirements. There are a number of different car manufacturing companies present in the market today. Each company provides customers and buyers with a number of easy instalments plans. With the help of these plans, anyone with an average earning can buy a car easily. In most of the countries in the world, car insurance is mandatory for car owners.

A car insurance policy helps the insured person to protect his or her valuable asset. In case of auto theft and accidents, an insurance policy can help you financially. These policies and plans help car owners in times of distress. There are different types of car insurance policies available in the market today. Mainly these policies are of three types – liability coverage plan, collision coverage plan and comprehensive coverage plan. According to your needs and requirements, you can choose a plan for your car. Think carefully before selecting any insurance policies or plans. Do not make any haste decisions regarding insurance.

Most of the people choose the comprehensive coverage plan to protect their cars. This coverage plan protects you financially in case of auto thefts and accidents. The other two plans do not provide full coverage, thus individuals generally choose the comprehensive plan. It is more flexible and extensive in nature. You can also ask for a customised coverage plan for yourself and your car if you want. The premium rates and the coverage cost depend on a number of factors. For instance, a SUV’s premium rates will be more or higher than an ordinary family car. The model and make of your car are the primary factors that specify the rates.

If you do not have much knowledge about car insurance companies and policies, then ask a knowledgeable person or a reliable agent. There are a number of insurance companies present in the market now. Sometimes it can be confusing for a car owner to choose a specific company for themselves. Use the internet services to learn more about car insurance. You can check on different plans online. If you are looking for car insurance quotes in California, then type car insurance quotes California or California car insurance quotes in the search box of your webpage to get appropriate results. You can ask for quotes from more than one company.

the insured person to protect his or her valuable asset. Get more details visit at .

The Best Tactics For Short Term Forex Trading

In terms of being the best tactician in short-term forex trading, we recommend momentum trading and for good reasons, too. Its main aim is to achieve the profit target as soon as possible with as little risk possible under the volatile circumstances that surround each forex transaction. Basically, you take advantage of the momentum when it is on your side by entering the forex market either on a long or short basis.

You will require three kinds of moving averages to accomplish your purpose, namely, the moving average convergence divergence (MACD), the 100-day simple moving average (SMA), and the 20-day exponential moving average (EMA). You will see why later.

For the MACD, be sure to use the default setting on the 5-minute chart. Said default setting is: Signal ENA=9, First EMA=12, and Second EMA=26. To start on this short-term forex trading strategy, open the 5-minute chart and look for the right currency pair. This means the pair trading below the SMA and EMA. Take a look at the MACD histogram. You will enter into a long trade when the MACD starts turning positive but stay within 5 candles. Your stop loss margin must be positioned at the candles low point, which should be above the EMA and SMA.

You will exit half of your position the moment the trade changes in your favour but be sure that it is still within the amount risked. The other half of your position will follow a trailing stop within a -15 pips on the 20-day EMA. This forex trading tactic should pay off handsomely under the right circumstances.

Now, lets assume that that your chosen currency pair is trading in the opposite direction above the EMA and SMA that is. In this case, you must be patient and wait until such time that the currency pair is trading below both the EMA and SMA by 15 pips, minimum.

In reverse of the first situation, you will enter into a short trade with the MACD turning negative within 5 candles. (The first situation was go long on positive turn). Your stop loss is at the high point of the first candle breaking through the EMA and SMA. (In the first, it was at a low point). You will also exit half of your position with the other half set for a trailing stop at +15 pips on the EMA. Again, this forex trading strategy should be in your favour when you can closely monitor the charts.

There are other strategies for short-term forex transactions, of course. Two examples are the use of 2 charts, namely, the hourly and the 10-minute charts as well as the 200-bar MA. You can also explore these options but we recommend trying the momentum trading strategy first.

Items That A Home Based Life Coach Can Deduct At Tax Time

Below are 19 common deductions for someone working from home (as over 90% of coaches do).

Working from home has many advantages. For one you are able to organizing and arrange your time based on what works best for you and your family. If you work best in the morning then you are able to schedule your most important calls and computer work then, observing a more relaxed schedule in the afternoons.

Have fun and enjoy spending your income on deductible related expenses. I like to spend my money on coaching and life improvement or success books, and on coach training materials or programs.

Keep track of your receipts and easily enter the numbers into your accounting books. After you have entered it in, mark the receipt as “entered” and store it in an appropriately labeled envelope. (“June Outgoing” for example.)

As a coach working from home, what can I deduct?

1. A portion of air conditioning, electricity, heat, and water.
2. A portion of your house insurance or renters insurance.
3. A portion of your rent or mortgage can be deductible if you have a space that is dedicated to the use of your home office.
4. Bank account, check cashing and check replacement fees.
5. Books related to coaching, life change, marketing, business, taxes, bookkeeping, success, self help, weight loss, health, psychology.
6. Cleaning supplies. This includes waste baskets, cloths, and floor cleaners etc.
7. Computer parts/ supplies.
8. Salaries: general employees, assistants, secretaries, receptionists, accountants, bookkeepers.
9. Interest on any business related borrowing you did, though for a home coaching business it is rarely necessary to borrow to start your business. This would include credit card interest as well.
10. Internet.
11. Mail related items: stamps, envelopes, gas used to mail the letter.
12. Maintenance and repairs including waste and snow removal.
13. Office furniture.
14. Office supplies.
15. Phone.
16. Printer parts/ supplies.
17. Security system.
18. Software.
19. Training. (Coaching or business related.)

The Dangers of Insider Trading

An insider is one who has information about a company and makes a trade based on privileged information. This undermines the faith people have in the market and harms investors who do not have access to the same information.

Information is the value of the stock and it is illegal to trade if you have non-public information affecting a stock’s price or value. Insider trading penalizes the general trading public who speculate on trending company information without actual knowledge. For example if you, as an officer of the company, knew that a new product would revolutionize the industry and drive your company’s stock prices up, and you bought up as many shares as you could before the public offering, you would be guilty of insider trading.

Illegal actions come into play when buying or selling a security while in the possession of non-public information or material about the stock or security. This includes trading by those who have a relationship of trust. The SEC has prosecuted insider trading cases against corporate officers, employees and directors who traded the company’ securities after they learned about significant developments. Friends and business associates of these officers and directors have had lawsuits brought against them for information given by those in a position of trust. If you are an employee of a law, banking or brokerage firm who was given company information and you traded on that information, you have just broken the law.

Insider trading destabilizes investor assurance in the integrity and fairness of the securities markets. Agents for the SEC consider discovery and prosecution of insider trading abuses as part of their high enforcement priorities. Investors must be highly conscious of the hazards in trading on tips from employees or officers who know private information about a company. If you are considering trading on inside information, know that this act carries severe civil and criminal penalties. Prison time is an option and fines that might just bankrupt you can be levied.

Insider trading can also be legal. It is legal when corporate officers, directors, shareholders or employees buy and sell stock within their own companies. They do report their trades to the SEC and this information is used to identify companies with high investment potential. The premise: if insiders are buying stock in their own company they must know their company is growing upwards.

You can trade in good confidence using insider tips or information if you can provide proof that the information you received had no bearing on your decision to trade and your trade was made in good faith. However, do be aware that the burden of proof is on your shoulders and could be very difficult to verify. Keep good records of every conversation you have with brokers. Document tips and where they came from and when you received them.

If a regulatory officer contacts your concerning your trades, hire a securities lawyer before you ever speak to regulators. Gather all your records and be ready to justify your insider trades.

Claims Payment Record Of The Private Insurance Companies

As we know, there are 20 odd private life insurance companies in India, and there is LIC which is a public sector company. LIC is the 800 pound gorilla, managing to hold on to about 75% market share even 10 years after private companies have been allowed into the life insurance space. The private life insurance companies position themselves on being more customer friendly, wider array of products etc while LIC holds on to its positioning of trust, experience and government backing. One of the key parameters on which to judge a life insurance company is their claims payment record. At the same time, we must note that given that life insurance has become more of a savings and investment product, the returns that they provide are perhaps more important than claims payout ratios. Nevertheless, claims record is definitely not a variable to be ignored.

A table illustrating the claims rejection percentages of the top life insurance companies in 2009-10 is presented below:

Life Insurance Company
Claims rejection ratio (%)

LIC 1.21%
Aviva 9.75%
Bajaj Allianz 5.2%
Birla SunLife 10.62%
HDFC Life 4.67%
ICICI Prudential 3.27%
ING Vysya 4.26%
Kotak Mahindra 4.29%
Max New York Life 12.31%
MetLife 5.94%
Reliance Life 7.05%
SBI Life 14.75%
Tata AIG 12.3%

An important observation from the above table is that the claims rejection ratio of LIC is the lowest, thus implying that their record is the best as far as claims payment is concerned. At the same time, the very high percentage of claims rejection of SBI Life and Max New York Life surely comes in as a surprise.

It must however be noted once again that in Unit Linked products that life insurance companies promote aggressively (or at least was promoting till Sep 2010) , the returns earned on the fund is perhaps a more important variable than the claims payment (or rejection) ratio. However, for non life insurance companies, which offer pure protection/insurance products with no savings or investment component, claims payment is the crucial variable along with the speed of processing of claims.

Let us now look at the incurred claims ratios of the non life insurance companies:

Non Life Insurance Company
Incurred claims ratio

New India Assurance 89%
Oriental Insurance 99.69%
United India Insurance 78.62%
National Insurance 99.16%
Royal Sundaram 68.95%
Reliance General Insurance 77.3%
Iffco Tokio Insurance 83.44%
Tata AIG 60.54%
ICICI Lombard 85.35%
Bajaj Allianz 71.9%
HDFC Ergo 80.73%
Bharti Axa 104%%

One data point that stands out from above is that Tata AIG General Insurance seems to be sourcing the best quality business from the underwriting point of view, whereas the claims payment ratio of Bharti Axa seems to be quite high. Alo,the claims payment ratio of the public insurers, at an overall level, is higher than that of the private non life insurers.