Debt Collectors Facing Clampdown

We have already discussed this blog Debtsolver, issues relating to the mis-selling of insurance reimbursement of the debt, which is currently under investigation by the Office of Fair Trading (OFT). Another scandal faced by the UK, involves the murky practices surrounding the behaviour of some debt collectors collectors.
Independent are sometimes hired by the creditors, in order to recover late payments from customers. From personal debt in the UK exceeded 1 trillion pounds mark, the focus was increasingly on the issues faced by individuals in debt, and the many businesses and services that have emerged to deal with them. The license number of credit has doubled in the past two years,
A recent survey of consumers in the UK surveillance, the OFT examined the working practices of licensed debt collectors, acting on behalf of creditors to engage in loan repayments. After a series of increases in interest rates and a lull in the real estate market, more and more people find themselves unable to keep pace with your credit card, loan or mortgage repayments, and are having to make face the uncomfortable possibility of being visited by a debt collector. If these visits were not distressing enough, the OFT has claimed that some debt collectors overloaded debtors / clients, misinforming them as to their rights, and that some were even threatening clients.
The OFT has published guidelines and best practices advice to the bailiffs, and in 2003 reviewed the way in which these are met. Unfortunately, they found evidence that in some cases these are not met, and, in fact, nearly 80 warning letters have been written, and 12 licenses have been refused or revoked since July 2003.
The OFT has carried out A review of the practices by debt collectors, and has said it will publish its report in spring 2006. launa lopez



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Your Retirement Years Bliss

Retirement - & 39; The majority of us would like to retire rich - c & 39; is clear. However, if you want to retire rich, you need to start saving and investing early. A " " baby boomers, one of those people born in the period after the Second World War and & 39; until early 1960, seem, in their last years, (to) give a lot thought in the past few years, about how long they Work & 39; and what they will do after their retire.
With the likelihood that we are going to retire with all our faculties intact and fully functional, with lots d & 39; years ahead of us, we must now take a bit more time to plan our retirement years & 39; s to ensure that we get the absolute most about them. One of the most talk about when we talk about the retirement & 39; is the investment that we have made so that we can retire comfortably. With retirement calculators, you can easily predict the likely amount that you can save time you retire.
Be realistic about the amount you can contribute to your retirement plans - depending on your age & 39; aujourd hui, & 39; of the age at which you want to retire, and the lifestyle you hope to accomplish by retirement. In the book safely Retirement: The Complete Guide to Canadian planning, the authors predict that, in & 39; age of 65, 1% of people will be rich, 4% of the population will have an adequate income in retirement, 36 % will be dead, and 59% will be dead broke. This is the secret to be able to retire: you must know how much you want INCOME come to the & 39; support your lifestyle.
For most important & 39; information on retirement and retirement, visit:
http: / / www.agape-internet-marketing/websites/ Retire
If you want to retire on a budget, you are likely to reduce the house you live in. After being paid on a semblance d & 39 ; countless years, everybody knows that living without a mortgage is a blissful thought! Whether or not you are planning to retire soon, you have to repay your mortgage as soon as you can. If you plan, or to & 39; future, decide to move to a secure retirement community mortgage & 39; n not having to worry about this transition will easier.
And much, as you plan your retirement, if you adventurous, you might consider retiring in a country such as & 39; Australia, New Zealand, Costa Rica, Peru, Cancun, Mexico, Belize, Hawaii or the & 39; one of the Caribbean islands. If you prefer cold climates do not overlook the outbacks of & 39; Alaska. Although, historically, some of these places evoke the need to have a & 39; " deep pockets " & 39; all have the advantage of living as the local " " do, and for someone on a & 39; a retirement budget, it can mean to live quite comfortably!
Wherever you Retirement, it will be a new beginning in your life. Enjoy the maximum! Ms.CiCi http://www.cici-online.com
Ms. CiCi, has a gift of teaching & 39;, is an accomplished author and world traveler who likes to share his life experiences with other & 39; d, which makes their lives, their world a little easier. In his writings, describe the wealth of the "secret information" are drawn from her travels, as well as from his own personal fortune of wisdom. A great lover of nature, a visit to its Web site is a real treat. Http: / / www.cici-online.com alf quincy



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Fight Global Warming

100% Green eCommerce & EDI solution
Banyan Commerce is a new B2B (Business to Business) commerce company created by Integral Group and Tangentia Consulting- Toronto area based Firms with existing B2B commerce business.
Toronto, ON, March15, 2007 Banyan Commerce is the first eCommerce provider in the world to offer a 100% green EDI solution. Banyan Commerce is also the only eCommerce provider in Canada and the world that has a solution for EDI/eCommerce that is entirely paperless, environmentally friendly. Why go green? 1) PROFITABLE- Green eCommerce and EDI translates into Green Currency for companies because it is clean and integrated there is no manual intervention saving many manual paper based processes*. Isn t that a Fresh new way to do good and not hurt the wallet. 2) ECOLOGICAL- Green eCommerce and EDI is an easy way for companies to do their part to help fight climate change and create a healthier environment for future generations. Paper is one of the largest consumable in the B2B commerce and EDI process. An average company prints at least 10 pages of paper documents per Purchase Order/ Invoice transaction. Paper is also used by companies to create Backups of eCommerce/ EDI documents for Audit purposes as prescribed by Accounting Regulations imposed by Canadian Revenue Agency (CRA) in Canada as well as IRS (Internal Revenue Service) in USA. Most Conventional EDI Providers store the data for only a period of 7 days to 1month. In most companies these add up to thousands and millions of pages of documents and obviously lots of trees cut down. With Green EDI from Banyan Commerce we save all those trees. How does 100% Green eCommerce and EDI work? When you switch to Banyan Commerce Green EDI service, 1) 7-year data storage is standard and there is no need for companies to keep Backup Paper documents for Audit purposes. 2) Banyan will not send Paper Invoices and all transactions would be electronic. 3) 5% of the revenues from the Green EDI Service will be paid to an Environmental Organization of your choice. Organizations that Banyan Commerce supports as part of this program include WWF (World Wide Fund for Nature) and Greenpeace. 4) Fully integrated with all your existing systems and there is no printing of documents required or double entry of data* 5) The Green EDI service comes standard with ability to support unlimited users in unlimited locations. Collaboration between sales people, warehouse people and accounting people was never easier with no need to resort to print and view or print and fax techniques.
About Banyan Commerce Banyan Commerce is a company formed by Tangentia Consulting and Integral Group to promote innovative B2B solutions to the Global Trading Community. Banyan Commerce is a one-stop shop for EDI, eCommerce, Bar-Coding and RFID solutions for companies ranging from small manufacturers to global fortune 500 corporations. Banyan Commerce can provide a wide spectrum of services-From web based ASP solutions to completely outsourced EDI solutions with a global delivery model. The Banyan Commerce corporate website is www.banyancommerce.com
About Integral Group/Integral Consulting One of the oldest continuing private company in the EDI world. Since1986 Integral has been dedicated in assisting companies to become EDI proficient with hundreds of installations of their premier Commerce Desktop Solution throughout the U.S., Canada and Mexico. In the ever-changing e-commerce industry, Integral stands above the fray by their marked professional service and personal touch. With Integral in place, businesses are able to manage their business instead of their data. The Integral corporate websites are www.integralgroup.ca and www.commmercedesktop.com
About Tangentia Inc/Tangentia Consulting Tangentia provides companies with 3 major services Consulting, Technology and Outsourcing. Tangentia has a specific focus of Supply Chain Compliance and has been one of the largest implementers of Compliance Solutions like EDI, AS2, RFID, ASN, GTIN in Canada. These solutions were implemented for vendors to the large retailers like Wal-Mart, Target, HBC, Sears and also automobile and manufacturing supply chains. Tangentia has a global delivery model with offices in India as well as in North America. Tangentia s partners include EDS, IBM and Cleo Communications. The Tangentia Corporate website is www.tangentia.com
For additional information on Banyan, Integral or Tangentia, visit their respective web sites or contact the following individuals:
Vijay Thomas Principal Consultant and Partner Tangentia Inc 211 Consumers Road, Toronto, ON, M2N2X9 Tel- 416-238-7515 ext 111
Tamas Perlaky President Integral Group Inc 500 Hood Road, Suite 330 Markham, Ontario, L3R9Z3 Tel-416-490-9702 ext 238
*Would depend on customer environment and could cost extra to setup



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FSBO Closing Costs

What Are Closing Costs?

When selling your home "For Sale by Owner" (aka FSBO), your lender usually prepares a "Good Faith Estimate" of closing costs. You are entitled to receive this estimate no later than three business days after you apply for a loan. Because it is an estimate of the costs you may incur, it may not contain all potential costs. The lender will not know what all of the costs are going to be. The Good Faith Estimate will be an estimate based on previous experience. Actual closing expenses usually exceed the estimate. To avoid problems, go prepared to pay more than the amount listed on your estimate.

If you are comparing two lenders, look only at the costs charged by the lender. Lenders can only make educated guesses about the charges made by others.

You will receive an itemization of costs you may have to pay when you buy your home. The costs are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender.

There are two broad categories of closing costs. Non-recurring closing costs are items that are paid once and you never pay again such as loan origination fees, recording fees, survey fees, etc. Recurring closing costs are items you pay again over the course of home ownership, such as property taxes and homeowner s insurance.

Closing costs are usually made up of the following:

1. Attorney s or escrow fees (yours and your lender s if applicable)
2. Property taxes (to cover tax period to date)
3. Interest (paid from date of closing to 30 days before first monthly payment)
4. Loan origination fee (covers lender s administrative costs)
5. Recording fees
6. Survey fee
7. First premium of mortgage insurance (if applicable)
8. Title insurance (yours and your lender s)
9. Loan discount points
10. First payment to escrow account for future real estate taxes and insurance
11. Paid receipt for homeowner s insurance policy (and fire and flood insurance if applicable)
12. Any documentation preparation fees.

On closing day, you ll present your paid homeowner s insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller (remainder of down payment, prepaid taxes, etc.) and then the money the seller owes you (unpaid taxes and prepaid rent, if applicable). The seller will provide proofs of any inspection, warranties, etc.

Once you re sure you understand all the documentation, you ll sign the mortgage, agreeing that if you don t make payments the lender is entitled to sell your property and apply the sale price against the amount you owe plus expenses. You ll also sign a mortgage note, promising to repay the loan. The seller will give you the title to the house in the form of a signed deed.

You ll pay the lender s agent all closing costs and, in turn, he or she will provide you with a settlement statement of all the items for which you have paid. The deed and mortgage will then be recorded in the state Registry of Deeds, and you will be a homeowner.

At closing, you will get:

1. Settlement Statement
2. HUD-1 Form (itemizes services provided and the fees charged; it is filled out by the closing agent and must be given to you at or before closing)
3. Truth-in-Lending Statement
4. Mortgage Note
5. Mortgage or Deed of Trust
6. Binding Sales Contract (prepared by the seller; your lawyer should review it)
7. Keys to your new home

Your Settlement Costs are going to consist of the following:

1. Sales/Broker s Commission: This is the total dollar amount of the real estate broker s sales commission, which is usually paid by the seller. This commission is typically a percentage of the selling price of the home.

2. Items Payable in Connection with Loan: These are the fees that lenders charge to process, approve and make the mortgage loan.

3. Loan Origination: This fee is usually known as a loan origination fee but sometimes is called a "point" or "points." It covers the lender s administrative costs in processing the loan. Often expressed as a percentage of the loan, the fee will vary among lenders. Generally, the buyer pays the fee, unless otherwise negotiated.

4. Loan Discount: Also often called "points" or "discount points," a loan discount is a one-time charge imposed by the lender or broker to lower the rate at which the lender or broker would otherwise offer the loan to you. Each "point" is equal to one percent of the mortgage amount. For example, if a lender charges two points on a $80,000 loan this amounts to a charge of $1,600.

5. Appraisal Fee: This charge pays for an appraisal report made by an appraiser.

6. Credit Report Fee: This fee covers the cost of a credit report, which shows your credit history. The lender uses the information in a credit report to help decide whether or not to approve your loan and how much money to lend you.

7. Lender s Inspection Fee: This charge covers inspections, often of newly constructed housing, made by employees of your lender or by an outside inspector.

8. Mortgage Insurance Application Fee: This fee covers the processing of an application for mortgage insurance.

9. Assumption Fee: This is a fee which is charged when a buyer "assumes" or takes over the duty to pay the seller s existing mortgage loan.

10. Mortgage Broker Fee: Fees paid to mortgage brokers would be listed here. A CLO fee would also be listed here.

11. Interest: Lenders usually require borrowers to pay the interest that accrues from the date of settlement to the first monthly payment.

12. Mortgage Insurance Premium: The lender may require you to pay your first year s mortgage insurance premium or a lump sum premium that covers the life of the loan, in advance, at the settlement.

13. Hazard Insurance Premium: Hazard insurance protects you and the lender against loss due to fire, windstorm, and natural hazards. Lenders often require the borrower to bring to the settlement a paid-up first year s policy or to pay for the first year s premium at settlement.

14. Flood Insurance: If the lender requires flood insurance, it is usually listed here.

15. Title Charges: Title charges may cover a variety of services performed by title companies and others. Your particular settlement may not include all of the items below or may include others not listed.

16. Settlement or Closing Fee: This fee is paid to the settlement agent or escrow holder. Responsibility for payment of this fee should be negotiated between the seller and the buyer.

17. Abstract of Title Search, Title Examination, Title Insurance Binder: The charges on these lines cover the costs of the title search and examination.

18. Document Preparation: This is a separate fee that some lenders or title companies charge to cover their costs of preparation of final legal papers, such as a mortgage, deed of trust, note or deed.

19. Notary Fee: This fee is charged for the cost of having a person who is licensed as a notary public swear to the fact that the persons named in the documents did, in fact, sign them.

20. Attorney s Fees: You may be required to pay for legal services provided to the lender, such as an examination of the title binder. Occasionally, the seller will agree in the agreement of sale to pay part of this fee. The cost of your attorney and/or the seller s attorney may also appear here. If an attorney s involvement is required by the lender.

21. Title Insurance: The total cost of owner s and lender s title insurance is shown here.

22. Lender s Title Insurance: The cost of the lender s policy is shown here.

23. Government Recording and Transfer Charges: These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage (line 1201). Transfer taxes, which in some localities are collected whenever property changes hands or a mortgage loan is made, can be quite large and are set by state and/or local governments. City, county and/or state tax stamps may have to be purchased as well

24. Survey: The lender may require that a surveyor conduct a property survey. This is a protection to the buyer as well. Usually the buyer pays the surveyor s fee, but sometimes this may be paid by the seller.

25. Pest and Other Inspections: This fee is to cover inspections for termites or other pest infestation of your home.

26. Lead-Based Paint Inspections: This fee is to cover inspections or evaluations for lead-based paint hazard risk assessments.

27. Total Settlement Charges: The sum of all fees in the borrower s column entitled "Paid from Borrower s Funds at Settlement" is placed here. This figure is then transferred to line 103 of Section J, "Settlement charges to borrower" in the Summary of Borrower s Transaction on page 1 of the HUD-1 Settlement Statement and added to the purchase price. The sum of all of the settlement fees paid by the seller are transferred to line 502 of Section K, Summary of Seller s Transaction on page 1 of the HUD-1 Settlement Statement.

Don t be overwhelmed by all of the fees and charges. Your closing agent will go over each item one line at a time.



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