Aug 13

Bank Repossessions Spain – 90% Are Useless

There has been a lot of talk and interest about bank repossessions in Spain recently but do they really represent good value for the would be international property buyer or is there better value to had elsewhere?

Whilst there is some great value in Spanish bank repossessions it would be fair to say that one needs to do a lot of work to actually find the gems that are real value and at serious discount below market value and whilst it is easy to register with bank sites that will give you there repossession lists the reality is 90% represent no value at all. One example of this was a CAM Bank repossession in Los Arqueros Golf in Andaluca that had an asking price of 310,000 and I could have walked you into a similar brand new apartment for 190,000.

However if you know what your looking for bank repossessions do have some very good advantages especially for the local market where people just cant get mortgages or not the percentage they need to buy. The major advantage is that depending on the project some banks will lend up to 100% of the purchase price as they see that in turning bad debt into good debt and obviously if the borrower is not rated as a good risk the bank won’t lend to them.

The reality is amongst the dross there are some very good deals to be had so if your looking for a good Spanish bank repossession in the current property for sale Spain marketplace it is imperative that you use an agent with local knowledge to help you make a selection of properties that represent good value for money and don’t end up with something that may look like a good deal on the outside but on

Aug 11

How To Track Bank Account Transactions Manually

When a customer at the bank gets a hold of a statement in through the mail, the statement lists out all the transactions happened during previous month. The transactions include both incoming and outgoing, tallying up to a final sum which is indicated as the up-to-date account balance for the benefit of the customer. Without the benefit of the statement, the customer would be much more in the dark more with respect to the contents of the account. With the statement in hand the customer knows details such as the dollar value spent, the size of the income, and the present state of the account.

The fact of the matter is that this information becomes outdated almost immediately as the customer starts to use money. A simple ATM withdrawal means the account balance is not reflected in the monthly statement. The way to make sure one knows the state of finances even between statements is known as “bank reconciliation”. The device to help one do so is the checkbook register – which is simply a little sheet of paper that is used for recording transactions.

What is the importance keeping track of this money? The larger fraction of bank customers have come up against deep reasons to do so. Indeed, whenever a check is issued with a value higher than the level of money in the account, two things happen. The check may not go through incurring a bounced check fee, or the check goes through because the bank covers it temporarily triggering an overdraft fee. In both cases there is a serious negative consequence.

The types of transactions are many. Monthly car payments by way of check can result in a penalty if there are not enough funds on the day the payment is being cashed.

Aug 10

Secret Offshore Bank Account – Is It Possible

Secret offshore bank accounts are the stuff of legend. This article intends to debunk some of the myths about secret offshore banking by setting out what is and isn’t possible.

1) It’s impossible to open an offshore bank account without first somehow identifying yourself. This means sending a notarized copy of your bank account/passport details to the bank or intermediary.
2) Most offshore banks will also require a reference from a bank at home.
3) If you open an offshore account in the name of your offshore company, you still need to provide all the formation documents, and the name and address of a real person. No bank will let a faceless entity open an account without pinning it down to a real person.

So how is it Secret?

Well, the reasoning behind all this, is that if you open an offshore account the bank may let you have a ‘number’ rather than a name. This so called ‘numbered account’ allows you to send wire transfers without third parties knowing who you are. An account in the name of a company will do a similar thing, allowing you to send and receive payments almost anonymously, because the company name rather yours will show up on all transactions.

The problem is, this doesn’t shield you from government inquiries. If for example a government authority suspects you of having an undeclared offshore account, that you are hiding money from your spouse or otherwise engaged in funny business they can go to the country or bank in question and request your details. While some countries will reject the majority of these requests others are more pliant.

Switzerland and the Cayman Islands are two in particular that co-operate with US and EU authorities. Although both have strong bank secrecy laws on paper,

Aug 09

Personal Finance Book Review – Money-Smart Kid

By: Gail Vaz-Oxlade (2005)

Published by Collins (An imprint of Harper Collins Publishers Ltd.)

2 Bloor Street East, 20th Floor, Toronto, Ontario, Canada M4W1A8

ISBN 978-1-44341-229-2

Book Price: $6.99

Canada’s #1 personal finance expert

Gail Vaz-Oxlade is the #1 bestselling author of Debt-Free Forever, Never Too Late, and It’s Your Money. She hosts two television shows, Princess and Till Debt Do Us Part, and is a columnist for Chatelaine and Her no-nonsense approach to finance has helped thousands to begin a new life of financial free living.

Financial confidence and control

With 5 informative chapters, Gail Vaz-Oxlade teaches children financial confidence and control. She covers, benefits of giving children an allowance (Ch. 1), the ages and stages of financial responsibility (Ch. 2), training kids to wisely use credit cards (Ch. 3), starting early in life with savings (Ch. 4), and wisdom for spending habits (Ch. 5).

Practical, instructional approach to financial education

With a personable tone, Gail Vaz-Oxlade also confronts with a practical and informative message. Her approach is framed by words such as, “… an allowance not only provides kids with the bucks they need to experiment with saving and spending, it also gives them the responsibility for keeping their money safe and using it wisely.”

Vaz-Oxlade challenges readers in order to help them train their children. In the case of financial responsibility she expresses, “If you want a responsible and independent young adult, keep your hand out of your pocket and let the consequences of your child’s behaviour teach some important lessons.” Experience can be a blunt reinforcing tool!

Gail’s primary approach is centered on practical application rather than mere information. She guides parents to “… show your kids that balancing today’s needs with tomorrow’s wants sometimes means you have to find ways to spend less money.” Her approach does not tend towards a message of lack rather, a

Aug 08

Tips for Bank PO Exam

Bank jobs are high in demand. Due to the handsome pay they offer and the exciting additional incentives attached to the post, their demand is high amongst the youth of today. The jobs are highly coveted, therefore the exams conducted for the recruitment into these posts are equally challenging. Bank exam is a pre-requisite to gain entry into the post. One of the most sought after posts offered by banks is of Bank PO. Bank probationary officer is just one step below the bank manager, so you can imagine the responsibilities trusted upon a Bank PO and the privileges and power he/she enjoys in the bank. The exams for this post are very tough. They dedicate a major portion to current affairs which make them all the more tougher and complex. The syllabus involved is vast, covering various subjects and areas. All these characteristics make the Bank PO exams very difficult to clear. Therefore, here are some basic tips to be followed while preparing for your Bank PO exams

The most important thing to pay focus upon is vocabulary. It is a part of not only the Bank PO exam but helps you in general. It helps in framing up of your answers and makes them more coherent.

The syllabus is huge. You need to start preparing months before the actual exam. This requires making a proper schedule by dividing your subjects. Pay more focus to the subjects that carry more weightage in the exam. Choose the most important subjects in the syllabus, and give them more importance.

Current affairs are the mainstay of Bank PO exams. Most of the questions are dedicated to current affair questions. However, they are the winning edge of the exam, so pay great emphasis on current affairs.

Reading newspapers, watching

Aug 07

What are Bank Foreclosures and Why are they Important

One of the easiest ways to save money on real estate is to buy bank owned foreclosures. These are a unique form of repo homes and are for sale in cities across the country. Homes are repossessed due to the previous owners inability to keep up with their mortgage payments. These houses are available to the public through auctions and usually sell for much less than they would on the open market. The lending bank that repossessed the home will use the sale processed as a means of recouping their losses. Because of this, buyers can often buy homes for up to 50% off market value.

Save Money Buying Repossessed Homes
Whether you are looking for single family homes, apartments, condos, land or commercial seized properties, you can find what you are looking for at an incredible bargain. There are so many different distressed properties since the bank foreclosure process is not unique to any particular type of property. Best of all, these properties can be purchased at discounted prices in any city in the country.

Just as there are many different property types available at auction, there are many types of lenders and mortgage institutions that sell foreclosed properties. Its important to know about them and the different routes available to buying bank homes. One popular way is federal homes which include HUD homes and VA foreclosures. These are houses available from government lenders.

Fannie Mae and Freddie Mac are two popular sources for finding houses at a discount. These two institutions are responsible for thousands of mortgages in every state.

There are so many options available when it comes to buying homes repossessed by lenders. To make the best decision for you, research them all to find the best fit for you.

Investing in

Aug 04

Get Impressed And Assume Huge With Personal Finance

Have you ever ever assessed your personal finances and then set modest goals to pay off this tiny loan initial or increase your income by simply a little to start creating progress? Did you ever wonder why this approach typically finally ends up being a money failure? The importance of thinking massive together with your personal finance goals and getting inspired by them can’t be understated for your success and I can outline the advantages below.

From currently on I want you to throw away your modest money goals and start thinking big. I mean really big. You might have a goal to extend your income, as an example, and notice a method to earn an further hundred dollars a month. That personal finance goal was the you of the past, I would really like you to take your modest goals and multiply them by a thousand! Increasing your income by $10,000 a month would possibly sound inconceivable to you, may sound crazy, but it is one in all the secrets to monetary success.

Allow us to speak a very little concerning why thinking big together with your personal finance goals works. It begins with a belief that you are capable of something, I believe in you and you must too. Your beliefs will limit you, like chains, or they’ll free you to soar the monetary heights. When you’re galvanized you recognize you are capable of unimaginable accomplishments, and that includes the monetary arena whether or not your past success has been but admirable. What you required was a large goal, a goal that absolutely evokes and invigorates your efforts to unimagined heights.

By setting these inspired massive personal finance goals you liberate your personal resources to assume big concerning money on a scale you had previously place little thought

Aug 03

Managing Your Personal Finances Appropriately

Money can be hard to manage, especially with so many needs and wants. Most people are forever stressed out financially. It seems to many people that needs are more than their income, making it hard to make ends meet. Some will even find it difficult to save any money. It is however very possible to manage your personal finances appropriately and be in a position to do everything that you wish to. Proper management will eliminate financial stress from your life.

Start by setting goals

There should be goals that you have with your money. Finances directly affect various parts of your life. Your main goals should matter. They could be anything from retiring early, starting a business or travelling to a favorite destination for a holiday. Owning a home or changing a career will also be affected by finances. By writing the goals, you will manage to prioritize them. You will therefore end up paying attention to the most important goals. You can also attach achievement periods.

Create a workable plan

It should be a plan that is geared towards achieving the set goals. A spending plan, for instance, will help you buy what you need, pay a debt and save some money in the process. The main aim of the plan is to help you work your way towards the goals you have set as most important to you. Everything you do should focus on progressive achievement of goals.

Create a budget and stick to it

It is an important tool in financial management. The budget should remain in place even after you have cleared your debts. Spending money is easy that making it making it very important to have controlled spending. By tracking your spending, you will minimize chances of getting into debt again. The budget will also help in reaching financial milestones

Aug 03

Payday Loans No Bank Account – Get Immediate Finances Without Any Fuss!

A persons everyday fight with financial problems can come to an end. Also, his need for additional finances every month can be fulfilled with the help of payday loans no bank account which is a surprise from the financial market for the salaried people who like to get rid of their financial troubles. These loans are short term loans which mean lenders offer small money for small, but immediate needs. The best feature of this financial scheme is that there is no need to show bank statement for the approval. The amount obtained with payday loans no bank account is adequate to resolve small everyday problems like phone bills, library bills, grocery bills, credit card bills, medical emergency, and many more.

People who do not get financial assistance because they do not possess a bank account can now avail finances with payday loans no bank account. With the help of this financial facility borrower is able to get an amount up to 1500 which carries a repayment period of 31 days. Before one opts for payday loans no bank account he must know that some eligibility conditions are to be fulfilled to get approval for this financial plan. The applicant must be permanent citizen of UK and he must be 18 years of age. He must be the employee of an organization earning a basic salary of at least 1000 per month. If all these conditions are met with, applicant will be considered apt for this financial facility.

If people want to obtain quick and hassle free cash, then they must apply for payday loans no bank account through online mode. The online method of application is easy and borrower is not required to provide any documents for the approval. Borrower is only required to fill a simple online application

Aug 03

Non Status Business Bank Accounts For Upcoming Entrepreneurs

Non status business bank account is specialised in helping new entrepreneurs to become established professional business entrepreneurs. These accounts are ideal for those people who can not prove their income and facing poor credit status. These bank accounts give another chance to the poor credit holders to prove them a good account holder. One can acquire this account in without any restriction in any reputed bank as number of high street banks offers this banking service with multiple facilities.

Every UK customer can obtain this account to form new company or to manage finances of any existing business. These accounts are offered without the trauma of lengthy documents and business plans. One can take this banking service just by providing your identity proof and address proof. As soon you provide these documents with application form banks open your new bank account to handle your business finances.

Whether you are a sole trader, have a partnership firm or a limited company these non status bank accounts provide you the numerous benefits that helps in building your business. Some of the services offered by banks re mentioned below:

Its no credit check facility helps everyone to qualify for this account
Ideal for people suffering from CCJs(County Court Judgments), defaults, a poor payment history, an IVA or bankruptcy
Unlimited deposits & withdrawals facility
Cheque book and debit card is also offered
Free and regular updates
Internet and telephonic banking is also provided for more convenience

With these account banks appoint the personal money manger that look after your account and record your all transactions. This manager helps you to make right financial decision and to bring back your financial life on track.

On internet you will find various such banks and service providers that assist you in opening

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