For reasons why secured Canadian credit cards are good
By financen | August 30, 2011 - 6:15 pm - Posted in Credit Card


There are a number of reasons of why secured Canadian credit cards are good.

1) Secured Canadian credit card means guaranteed acceptance:

When you apply for this type of credit card, you get the peace of mind that you will be accepted for this card. There are many people in who do not have any credit.

People with bad credit often apply for a number of credit cards all at once. Whenever the credit card company takes your application, they will check your credit report. Each time they access your credit report and you lose 6 points off your credit score.

2) Canadian secured credit cards help your credit report / credit score:

People with very less or no credit history often have a difficult time in getting new credit. For such people, secured Canadian credit cards will be of great help as it will help in rebuilding your credit scores.

3) Canadian secured credit cards help students and immigrants get credit:

University and college Students in Canada are usually starting off financially and haven’t got that necessary credit history started. They do a part time job while working on their studies. Once they reach the age of 18, they can get a secured credit card on their own without having their parents or friends co sign for it.

Immigrants have a difficult time in starting their credit. A secured credit card helps them get a credit rating started in their new country.

4) Canadian secured credit cards help people with bad credit:

A secured credit card in Canada shortens the time it takes to reestablish your individual credit. Once you start using the credit card, the credit card company will report your good credit to the credit bureaus and this will enhance your credit history.

Comments Off on For reasons why secured Canadian credit cards are good
Forex Trading strategy for beginners
By financen | August 25, 2011 - 4:49 pm - Posted in Forex

It is very important to have a good forex trading strategy in the currency market because of so many unpredictable risks and you can never rely on just one single strategy in order to achieve success.

If you are a beginner in this market, you need to start your career by being prepared very strongly. Knowledge is the key to success, especially if such a career involves associated market risks that go back and forth unpredictably like a pendulum. You must fully understand how currencies are traded and priced, how market trends are noted and taken advantage of, technical analysis and other fundamentals that will minimize the risk of loss. You need to do a lot of research in order to move ahead in this market. But make sure that you do not jump into the river before you can swim.

Expert analysis of the market is the art of prediction based on historic trends and events that shaped the past. You should be well acquainted with the currency market as if it were the back of your hand. You should regularly read periodicals from a few years ago and go through all those books written by the leading players in the foreign currency market. Another way of staying in touch with what is happening and what can possibly happen is by constructing graphs of price fluctuations and interpreting it.

Price fluctuations do not happen all of a sudden. There are certain political, economic or social events that determine price fluctuations. Therefore, it is very important to stay up to date with all the events around the world.

For example, when a manufacturer removes a product from the market citing defects, it is a good indication that the currency of that particular country will suffer markedly. The same will apply for political events around the world. Any change in the government will result in a new economic policy that might not support profiteering to a point when such an economy will suffer.

Day trading is a safe move for beginners. The foreign currency world is riddled with many risks and is highly unpredictable. It is not a good idea to hold your position for too long as this could reverse your luck. You should always try to learn the best forex trading strategy, and you will be better served when making several small profits than losing out on a huge trade all at once.

1 Comment
The Best Way to Beat Foreclosure – Trust Yourself
By financen | August 12, 2011 - 5:03 pm - Posted in Foreclosures

Do homeowners take precaution to prevent their own foreclosure? Well one should always take precaution by hiring their specialized loss mitigation or trusted attorney; you can also go for foreclosure companies. You should also be aware of scams and other important aspects of how foreclosure works.

There are many stories about how people get into false home foreclosure. In this case you should always trust your instincts and do the research properly through web and also by reading the flaws of the agreement before you sign the documents. People many a times are carried away by the work of a company who is providing the home loan and does not bother to go deep into the flaws of the agreement and here they make mistake and land up in great trouble.

There are cases where people wants to consult the first person they talked to while their loan were sanctioned, however some how you feel that the person you spoke earlier seemed to be very intelligent and understands the situation that you are in and everything is going to fall in place without any problems. These are nothing but manipulation; they talk in such confidence that you don’t even realize that you are manipulated by the scammers false appearance of law.

That is the reason why you should trust your instincts when ever there is help offered by the loan companies. At times you are unaware of the fact that you are wasting time in false commitment which would later put you in great trouble. This can be very frustrating with no help because not only the money you are losing but also the valuable time which is also increasing the interest and the late fees.

Home foreclosure is a legal process, how can you prevent them? Simply trusting your intuition and following the basic procedures related to home foreclosure. Borrowers should know that lot of federal and state laws are involved in foreclosure, hence if any of the laws are not amended then the entire process might not be considered valid.

However there are borrowers who don’t even know the basic of foreclosure works. But they would trust the first person who seems to help the borrowers, there are lot of information on the book, papers, even in internet how you miss a payment of your loan and how you can deal with them. So it will be better if you take help of these free resources.

Comments Off on The Best Way to Beat Foreclosure – Trust Yourself
Life Insurance Pitfalls To Avoid
By financen | August 3, 2011 - 6:29 pm - Posted in Insurance

A solid life insurance policy will give you peace of mind and valuable security for your loved ones’ futures. But if you don’t choose wisely you could end up with the wrong policy – or a useless one – leaving your family’s financial security in jeopardy. Here are some of the most important pitfalls to avoid in picking your life assurance policy.

*Cheap Start Policies*

If you’re looking online and comparing a life quote or two, you might find that a lot of the cheapest policies on offer are actually ‘low-start’ policies. These policies start at a low price, but the premiums increase monthly throughout the term. They may start out cheap, but work out how much they’ll cost over the years, you may be better off with a more expensive fixed premium.

*‘Reviewable’ Policies*

Check if low-priced deals are ‘reviewable’ policies. These policies tend to stay at a low price for the first few years, but are then reviewed and re-priced. Insurance prices tend to rise, particularly as you get older, so the premiums may get much more expensive later down the line.

*Joint Life Policies*

Some insurers offer deals for insuring yourself and your partner under one joint policy. Most joint policies pay out either on the first or second person’s death, but two single life policies will both pay out separately to the beneficiaries, and will likely not cost any more than a joint policy. Single life policies also often give you more flexibility with distributing your estate in accordance with your will, whereas joint policies usually pay out to your surviving spouse.

*Failing To Disclose*

You have to be honest with your disclosure form otherwise it may completely invalidate your cover. If you have a pre-existing health condition it may be a little harder to find, but you can still get life insurance. If you have a particular condition, some associated charities and organisations may offer advice on insurers.

Comments Off on Life Insurance Pitfalls To Avoid