Monthly Archives: September 2015

A Complete Guide to Banking

Perhaps you have just started your first career, or perhaps you have had a job for a while and want your checks cashed without the obnoxious 3 dollar fee, your coworkers or parents might tell you consider using a bank. But you’ve heard things about evil banks, predatory loans, and high credit card fees. So you are unsure and wondering, how do you find a safe bank that is right for you? Here we’ll explain how to find a bank, how to open your first account, how to use debit cards, and how to establish safe lines of credit.

The first thing you’ll notice when looking for services that banks offer is that they are very hard to find. Most banks expect you to ‘as if by magic’ know what kind of account you want to open and what bank to use. For first time bankers, you generally want to go to a bank that is close to where you live and work. Think about ATM locations (the boxes you see at convenience stores and grocers that have a bank name on them) that are close to you and will be easy to use. You can cash checks and with draw money from an ATM for free. Usually, banks will charge you a fee (2-5$) to use an ATM that does not belong to your bank. If you have multiple ATMs close to you, consider joining a credit union, usually credit unions will let you use other credit union ATMs for free and are less predatory than banks. Once you have a bank you can proceed to open an account.

To open an account at a bank, you will need several things. First, get several forms of ID together, usually you’ll need a photo ID, (a driver’s license or passport will work) and a proof of residence, this is some document that shows you live where you say you live. If you cannot provide this, some banks are flexible if you can provide proof of employment, or proof you work where you say you work. When you started your job, you probably received some amount of paperwork, this can serve as proof of employment. Next go to a branch, a branch is a part of a bank where people work. If you chose a big bank there are probably several close by. Be ready to spend approximately $25 when opening a bank account, usually a $20 fee and a $5 dollar deposit. While this might seem like more upfront, you will make it back in the long run. You will tell the teller you want to open a checking and savings account and would like a debit card. Also, consider opening a high interest savings account in Melbourne if you think that’s something which may be right for you. Do not get a credit card, they prey on people who don’t have easy computer access or are new to banking. Eventually when you have some money saved, a credit card will be right for you.

When you finish opening your account you will receive a debit card. Once you set up a PIN (by calling the number on the card) your card will be activated. You can use this card to pay for things, but this is not advised, because if you use the card when you don’t have enough money on the card, you will Overdraft, over-drafting means you get charged $30. What you can do with the card is use it at ATMs or banks to withdraw money and deposit checks. You go to an ATM, insert your card, enter your PIN and then follow the directions on the screen. Remember to use ATMs from your bank.

Once you’ve had your account for a while, and you’ve managed to save up a little money you might want to open a credit card. A credit card lets you borrow money. This money has to be paid back at the end of the month or you will get charged a fee. Credit cards are useful because they let you build up credit which will help get a less expensive loan when buying a house or card. Look for a credit card with no yearly fees, and don’t get a credit card with too high a limit. Imagine in your head, if you had to pay back the whole limit, how scared would you be. Get a card that is only slightly terrifying. If you can, get a card with rewards, rewards pay you a small percentage of each purchase back. But again, if it comes at the cost of a yearly fee, don’t do it. Follow this guide and you can bank safely with low or no fees. Banking can improve your life as long as you are careful and don’t fall for sales pitches.

How You Could be Vulnerable to Chargeback Fraud

In the course of doing everyday business, there is always a chance that mistakes may occurs between the seller and the buyer. It is only natural that as a merchant, after a long day, you may forget to send a confirmation email or send an erroneous billing descriptor. However mistakes can happenvery so often, but if you keep encountering chargebacks, you may very well be victim of Chargeback Fraud. A lot of cybercrime is being manifested in form of Chargeback Fraud.

How is it happening?

Just like normal fraud, chargeback fraud tends to hit those business owners who are not particularly keen on details. Issues on disputed funds, after having been credited back, refunds due to overpricing can be avoided if necessary in-house , mechanisms are observed. This could involve looking out for suspicious activity on.

Like ecommerce clients who purchase an item from one place and shipping to another region. Clients whose credit card or billing details do not match could be trying to commit fraud.Be on the lookout for large volumes of high priced of high end merchandise. Or clients whose orders lack a signature after you have delivered particularly large transactions.

What can I do to protect my business?

One way you can safeguard your business from chargeback fraud is by getting in touch with your credit card processor to constantly verify crucial information. Getting in touch with a high risk provider like to help outmerchant chargeback protectionwith the chargeback shield, would be a splendid idea. It will help you to keep track of client chargeback claims.

This is through an instant notification system that will helps merchants be aware of such chargeback claims and become proactive in addressing those issues. This warning systems acts as the first line of defense, making you aware early enough, besides the application process just takes a few minutes, and a response comes through within 24 to 48 hours.

Other preventive measures include always sending your orders and shipping on time. Send a In you suspect that a credit card is lost or stolen always screen your orders and cancel fraudulent transactions.end automated email notifications when a customer successfully finishes a transaction and when the package has shipped. However, these email notifications can also help you prevent chargebacks by keeping your customers in the know. You can also create automated email notifications to let customers know if there is a delay in shipment as well as a follow up email asking if they are happy with their purchase.

Credit Repair: The Option for Fine Financial Performance

Are you losing your financial credibility caused by bad credit history? You may need credit repair to improve the evaluation from financial institution. There might be long way to determine whether you are eligible for a credit or not. The financial institutions may analyze the whole records of your credit since the early credit taking. When you have once experienced insolvency or bankruptcy, there might be risks of having lower credit score. And, this is not good for your credibility in the future.

Indeed, proposing a loan can be complicated. There are several procedures you have to follow step-by-step. It means you have to get in touch with every different point to get the credit approval. In the same line, it is necessary to grant collateral to secure the loan as you propose the loan. Yet, the credit decision can be influenced by different factors. Hence, it is necessary to get informative recommendation from the expert.

Credit Repair, Improving the Credit Chance

It is crucial to understand the basic concept of loan approval from diverse financial providers. For the most part, you have to hold the credit in progress. This may determine the real value of your affordability. Through your loan, the credit analyst may decide whether you are eligible for the loan or not. Similarly, your loan proposal should be attested by better credit score. At this point, a debtor has never experienced insolvency at certain period of time.

On the other hand, credit repair service may assist you in handling the issue by the following points, among others:

  • You are exposed to credit consultant who is able to provide you with sufficient advices to guide you through credit resolution. At this point, you may ask for the needed procedures in improving the credit point.
  • The professional assistance is directed to represent various administrative stuffs regarding the credit. At certain point, legal representation may be offered to alleviate the potential loss of the asset and the future of your financial security.
  • Talking about credit cannot be separated from legal terms. The experts have the required expertise to locate the hidden terms which might cause you to lose the point. Through this way, you keep the loan safe for you and the asset.

Asking for Reliable Credit Repair

Perhaps, you may be surprised with the fact that many conditions drive you to lose the asset. The bankruptcy of the business is one major factor. In essence, improving the credit performance is easy as long as you know the procedure. Many experts state that small amount of credit is better. This implies your affordability in paying back the loan on the agreed period.

The Loan and Your Credit Score

As a matter of fact, credit repair is to assist you in ensuring that your loan proposal approved. It does not a matter whether you have poor credit score caused by the previous history of your financial responsibility or not. But, the point is that the professional service tries to accommodate the necessary actions to make you able to receive the loan from any financial providers.

Home Loans Why Should You Avoid Interests If You Are a Muslim?

As a Muslim living in an outside nation you ought to be mindful of the way that you shouldn’t either pay or get intrigues. This learning will come helpful when you are really anticipating take a home loan keeping in mind the end goal to buy or assemble another home for yourself.

What does the Quran say?

Quran, the heavenly book forbids you from multiplying or increasing your benefits by method for hobby. On the off chance that you shouldn’t take intrigues you shouldn’t pay them too. The demonstration of multiplying or intensifying riches with the assistance of premiums is seen as usury in the Islamic religion. You, then again, are not restricted to twofold your benefits by method for exchanging.

It is vital for you to take after either the Ijara or the Murabaha techniques for Islamic home financing while securing home loan. What are these Islamic home loans about? This post ideally will be of plentiful help in such manner.

Clarifying the Ijara Method of home Financing

According to the Ijara technique for Islamic home financing the bank will purchase a bit of property and give the same to you on lease. The lease-unnecessary to say will be for a drawn out stretch of time – reaching out for up to 20 or 25 years. Through every one of these years you will be paying lease rather than hobbies. The rent will fluctuate as indicated by the adjustments in the rate of hobby. You can purchase the best possible toward the end of the lease term in the event that you need to.

Clarifying the Murabaha Method of home Financing

You ought to additionally familiarize yourself with the Murabaha Islamic home loans. According to this specific strategy the bank will purchase the property for your sake and offer the same to you at an altered benefit. The property papers will be enrolled in your name once you pay the entire sum. Here is the manner by which it meets expectations. You can approach manage an account with every one of your necessities. The bank will alter an advance in the wake of assessing your FICO assessment and reimbursement limit. At that point you will need to discover a property inside of the credit sum settled (barring the mark-up rate in view of common assent). Once the customs are done you will get ownership of the house. Be that as it may, the papers might be exchanged to your name once you have the capacity to pay off the whole credit.

Mortgage Broker- How To Choose One?

Having a good mortgage broker whether individual or of the mortgage Alliance is a must to simply the property buying process as only a good mortgage broker is capable of demystifying the entire home buying process and can ultimately smooth the procedure of achieving the dream of home ownership. The mortgage brokers mainly assist the property buyers through the procedure of property buying and as these professionals have the access to a complete range of products like as a complete number of lenders, therefore they can assist you to select a home loan, which is right for your requirements both now and in the future.

What are the benefits of using a mortgage broker?


There are numerous benefits of working with an experienced mortgage broker Vaughan, who are well aware of the lending scene. Let’s have a look at the major benefits of using a mortgage broker.

  • Good advice: Only a good mortgage broker is capable of understanding what a property buyer needs in the entire home buying process. Besides, the mortgage brokers are well aware of what paperwork is needed and will submit the loan application to the selected lender on behalf of the property buyer.
  • Choice: A good mortgage broker Vaughan has the access to different types of products from different types of lenders as per the requirements of the property buyers.
  • Legwork: The mortgage brokers can do the majority of the legworks on behalf of the property buyer. They would submit the loan, run valuations, communicate with the lenders and then will help the property buyers to put in a financial situation, with which they are comfortable.


Questions you should ask your mortgage broker


While you communicate with the mortgage broker, be clear about the financial position and then highlight the ongoing monetary commitments or any outstanding debt, which you may have. Here are the questions that you can ask:

  • How he decides which loan is best suited to your personal requirements?
  • How much deposit is necessary to make to obtain a loan?
  • What fees you need to pay while taking out a home loan?
  • What impacts your credit card limit can have on the borrowing capacity?
  • What information do you need to offer the lender to obtain the finance?



So, these are the advices that you must consider before contacting with a mortgage broker. Besides, you can also consider communicating with the Mortgage Alliance before communicating with the mortgage broker.

Advantages of a Certificate of Deposit

For many people, putting money into a bank account is the easiest way to begin saving. It gets the money out of your hands directly and makes it harder to access, leaving it untouched.

If you’re one of the minorities who has trouble saving money in a traditional bank account, you may want to consider speak with CD brokers specializing in gaining you higher interest. These professionals can let you know the advantages of a certificate of deposit, or a time deposit where you are required to keep a specific amount of money in a financial institution for a certain amount of time.

  • Fixed or variable rates. When you leave your money in one place, you want to know how much interest it is going to gain. Many times, a certificate of deposit will have a fixed or variable rate, so you’ll know how much your balance is growing.
  • Safe and secure. Certificate of deposits are very safe to keep, because they are covered under the Federal Deposit Insurance Corporation, who will pay you the principal and interest accrued on the account if your bank fails. If it’s within a credit union, you will be paid by the National Credit Union Administration.
  • Required time limit. Knowing you can’t access your money may seem hard at first, but if you are saving for something important, you can set the time frame so that you only touch it when necessary. Some financial institutions offer no-penalty accounts, which allow you to access money in the case of an emergency.

Saving money doesn’t have to be as hard as it sounds. Speak with your bank or credit union about certificate of deposit options.