Wednesday, March 23, 2011

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Steps to create PPI Claims Easy?

Posted: 23 Mar 2011 05:46 AM PDT

For those who have taken out a loan or credit within the last ten years, then you may also have been mis-sold payment protection insurance (PPI), and you can have your ppi claims in thousands of pounds worth.  Payment protection insurance is built to cover the monthly loan or credit card payments if the policy holder cannot work as a result of a disease or involved in an accident that makes him or her unable to work, losing employment of redundancies.  However, millions of these policies have been mis-sold to individuals and now making ppi claims from their loan companies.

During the last ten years, the banks and lending companies have regularly mis-sold payment protection insurance policy to numerous borrowers for whom the insurance policy was not ideal.  Because of this, a lot of financing companies and banks in the United Kingdom have been fined in millions of pounds.  This mis-selling of ppi is now the Britain’s worst ever personal finance scandal and big banks and lending companies are being involved in the scandal.

 The Financial Services Authority (FSA) states lately that it is expecting 2.75 million complaints and ppi claims to hit the banks in five years.  Ppi claims from the customers, as complaints could potentially reach 4 billion pounds.  A record of number of customers have previously complained to the banks about ppi this past year, with almost 30,000 brand new cases taken to the Financial Ombudsman Service (FOS) between January and June of 2010, three times greater than the combined total number of mortgage loans, investments and pensions.  
If you’re uncertain if you have mis-sold payment protection insurance, you need to assess your loan repayments.

 When evaluating your mis-sold ppi claims, you will have to write to the lender who sold the ppi policy to obtain information about the policy sold to you.  There are tendencies where in banks ignore or turn down your request.  However, if you have a strong case, the lending company will offer you a minimum amount as compensation for your mis-sold ppi claims.  It is better to become more knowledgeable in calculating the ppi claims that you should receive so that when the bank or lender offer you a small amount, it is possible to negotiate with them.  There are also chances that banks will respond to your letter saying ppi claims are currently on hold due to court case going on regarding ppi complaints.

 This is what banks usually do to discourage you in pursuing your case.  
You may seek the assistance of expert solicitor that can assist you in making your ppi claims possible.  They can help you in calculating your ppi claims like the interest and can help you all throughout your claims if you choose to take it on the trial.  

Insurance Defined #20 – “Force Place Insurance”

Posted: 23 Mar 2011 12:27 AM PDT

www.RyanHanley.com – Ryan defines the term Force Place Insurance which is insurance often purchased by a bank on the behalf of a home buyer. Ryan is a licensed insurance agent in Albany, New York.

How to Avoid a Payday Loan Rip-off

Posted: 22 Mar 2011 11:35 PM PDT

If it’s unbeatable value you’re after, then the humble payday loan probably won’t provide you with what you’re looking for. For those struggling with their finances and unable to get a loan elsewhere, it can provide a vital lifeline. With lenders being aware of just how precarious some applicants’ finances are, it is all too easy for some to take advantage. So how do you avoid getting ripped off? First of all you need to do your homework. Don’t apply, or worse still, agree to anything without first getting to know what it is that you’re getting involved with. This means that you should be comparing quotes, seeing what other borrowers recommend and calculating your own financial well being.

Applying for a payday loan that you won’t be able to repay is financial suicide. You’ll be saddled with the debt, including the interest and any other charges, for months – or until you are able to settle the full amount. Inevitably this will end up costing you a huge amount and could destabilise your finances for a long time. When it comes to payday loans, failure to carry out in-depth research can lead to disastrous consequences.

Your research should take you to a number of lenders. If you’re using the internet to conduct this research, make sure you check the Representative APR figure being displayed. Most will understandably baulk at this figure (it will probably be %1000+), but it’s a good way to guide who is offering the best value. If they provide a loan calculator you can see what the likely costs are in real-terms, rather than trying to do the fiddly maths on APR. This will provide a more accurate reading and is certainly a better basis for comparison. Whilst looking into the cost, you should also do a little poking around the lenders themselves to see if there are any skeletons in their closet. Most are fully licence and accredited, which should mean that they are bound by industry rules that relate to fair lending policies. However there are some who work outside of this legislative control or who are prone to offering borrowers bad service. The Internet is a free resource and therefore you can do as much digging as you want to see what people have been saying about them. If nothing bad is revealed, then you can certainly be more confident in your choice.

Awareness is certainly one of your key assets when it comes to any form of borrowing, but this is arguably far more important with a short-term loan. You have to be able to weigh up what’s available, what you can afford and who will offer you the best value before you do anything. Being overly hasty could lead to financial ruin.

So take your time, consult with friends or family about your options and use all available resources to conduct a little snooping – especially the Internet. Not all payday loan companies are out to rip you off, so it’s important that you find an ethical lender that can give you the financial help you need.

Below are a few key things to consider before applying:

  • Always research before applying
  • Check the APR
  • Search for user reviews
  • Review company credentials
  • Look out for hidden charges

NYIT LI News Tonight: Mortgage Fraud

Posted: 22 Mar 2011 09:37 PM PDT

A mortgage fraud scheme was uncovered in Nassau County as Xaviera Tytler reports for NYIT’s LI News Tonight.

Quicken Loans Celebrates JD Power and Associates Customer Satisfaction Award

Posted: 22 Mar 2011 07:16 PM PDT

JD Power and Associates ranks Quicken Loans Inc. “Highest in Customer Satisfaction for Primary Mortgage Origination” among major home mortgage lenders in the United States. Quicken Loans is the nation’s largest online lender and for good reason. We’ve helped more than 1000000 clients finance a mortgage since 1985 and we can help you too. We love being America’s Home Loan Experts. For JD Power and Associates award information, visit www.jdpower.com

Is farmers insurance a good company to work for?

Posted: 22 Mar 2011 05:35 PM PDT

I just got my license and am going to start with the company, but their are lots of negative reviews on working for this company, at the same time those reviews are old. I was told I can get a base pay after meeting expectations in three months. Which is 30 to 40 car insurance policies, which they have said is easy to do, but I am new to insurance, but am motivated and can sell. You think I will survive with this company? thanks.

Mortgage market and interest rate commentary for Monday July 20, 2009

Posted: 22 Mar 2011 05:34 PM PDT

Mortgage market and interest rate commentary from Bruce Brown, CMPS with Pulaski Bank Home Lending and radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.

Posted by Blogku at 7:22 AM

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