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No Income Proof Secured Loans – Easy Financial Assistance For Every Situation



In this day and age of entrepreneurship, more and more individuals are finding satisfaction in running their own business ventures rather than in full time employment with an organization. Now, these self employed individuals naturally require sufficient investments and financial resources to help in the day to day running of their business and thus need to resort to financial loans from lenders. However, most financial lending institutions require a proof of income in case of their loans and the self employed individual is not likely to have such a proof of income to substantiate his claim for loans. Many lenders have realized this drawback in financial loan schemes and have therefore, introduced the concept of no income proof secured loans for the benefit of these self employed individuals, who can place their business as collateral against loan but cannot provide any definite proof of income.

Any individual, who does not possess audited accounts of his small start up firm but yet requires the financial backing of a substantial loan, can easily apply for the no income proof secured loans. As the loans are secured by the placement of valuable collateral like perhaps the business, the risk for the lender is considerably diminished. The collateral itself assures the lender of the repayment ability of the borrower, as otherwise the lender can easily claim the collateral in case of non repayment or delayed repayment of his financial loan. The rate of interest on the no income proof secured loans is also reasonable and competitive and one can even get cheap options for these loans, if they compare the rates being offered by different lenders in the market.

Most of the financial lenders offering the no income proof secured loans have their own online websites, which form the best source of information on these loans. The potential borrower can not only research every information he requires on these loans, but he may even apply for these loans through the easily available online application form. All that the borrower needs to provide is the basic personal details and sufficient details about his business venture and all such information will be duly verified by the lender before the loan is approved. However, once the information is deemed to be accurate, the loan approval decision is instant and the loan amount is transferred to the borrower’s account, usually within a single working day, depending on the amount of loan.

The loan amount of the no income proof secured loans, can be utilized to meet any financial need of the borrower as he deems fit. Every business venture needs the input of sufficient working and fixed capital and such loans are one of the most feasible ways to provide for the needed capital. Even individuals with a bad credit history and those who do not possess any proof of income, although considered a high risk category, can still apply for and get easy access to these loans, provided they have the required security to be placed as a collateral against these loans.

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How Cisco Meraki Can Save Both An Enterprise’s Time and Money




The whole idea behind Cisco Meraki was generated due to a peculiar problem faced by Tim Irimies, IT Manager of Saracen Mineral Holdings. The gold mining company has five mining sites spread across Western Australia that house over 200 employees and 750 contractors. Tim wanted to manage the networking needs of those sites and he had just two IT officials based in an office in Perth. The challenge was new, but it became evident that this was the need of the near future.

With the help of Cisco Meraki, Saracen was able to fulfill all his requirements with ease. Foremostly, it was easy to install; even a non-technical person could do it. It empowered the two IT officials Saracen had to monitor and troubleshoot the installation process without leaving the office in Perth. With Meraki devices in place, Saracen could now have transparency at what was happening at network devices, client devices and connections in real-time. This was not limited to a single property, but all the 5 mining sites. With the power to access remotely through Meraki Dashboard, Saracen had everything he needed.

If you analyze this particular case, with the help of Cisco Meraki, Saracen no longer needed to invest in numerous technical professionals to troubleshoot issues at all his locations. He was easily able to ensure a regular flow of information through all the sites without moving an inch. In addition, he was able to keep a track on all his network devices. He not only saved his money but also time.

In the current scenario, where time is of great essence, Cisco Meraki emerges to be a perfect solution for wireless management, networking, and switching. The best part is that it is also extremely secure, which makes it an instant favorite among the enterprises.

Some of the superior features of Cisco Meraki that cannot be overlooked are as follows:

  • Considerably lower the network management investment
  • Can be installed by any non-technical person
  • Comes with pre-configured adapter and AP settings
  • Offers an extremely reliable and unwavering network connection
  • Easily scalable to accommodate the rapid growth of wireless
  • Provides great savings on operational costs of a) Dedicated training of the staff, b) Deployment of trained officials at different locations and c) Software upgrade on separate devices periodically
  • Easy access anytime and anywhere
  • A unified view of the whole network irrespective if the diverse geographical locations of the end devices

Concluding everything, it is safe to say that Cisco Meraki is an excellent solution that can efficiently help an enterprise save their money as well as time investments.

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How to Compare Mortgage Refinance Rates – Use a Mortgage Refinance Loan Comparison Site




You always want to compare mortgage refinance rates before choosing a particular a lender as this is truly the only method to ensure that you are being offered the best mortgage rate on the market. People refinance their mortgage for several reasons but whatever your financial goals are I can say undoubtedly that this is the best time in history to refinance your mortgage. With interest rates currently at all time lows, along with the attractive incentives from the Obama administration, it has never been so financially advantageous for homeowners to consider a mortgage refinance.

The best way to compare mortgage refinance rates is to utilize a mortgage refinance loan comparison site. These sites will let you evaluate what mortgage refinance lenders are able to offer you the best mortgage rates. They will usually have an application that you fill out online and after it is completed you are able to get instant feedback on whether or not a mortgage refinance is right for you. The best mortgage lenders will provide you a cost/benefit analysis free of charge to help you further identify whether refinancing your home is a wise financial decision.

A mortgage refinance loan comparison site basically will take the prospecting and researching part of the process of finding the best mortgage rates. It is important that you go to a comparison site that is affiliated with several mortgage lenders and not just a few. These multiple lender comparison sites make the various lenders compete over your refinance loan and therefore act as your personal broker in a sense. They are able to use leverage through a large affiliation of mortgage lenders to guarantee the consumer the best rate on the market.

When businesses compete you win. I’m sure you’ve heard this saying before but this statement is true in almost every business sector. More competition results in a better rate for the consumer. Multiple lender websites, while relatively new, have proven to consistently offer consumers the best mortgage rate on the market. Most of these sites are free to the consumer and you would be foolish not to utilize this service if you are considering refinancing your mortgage.

After you compare mortgage refinance rates through a multiple lender comparison site you will be matched up with 3-4 lenders who were able to provide the most competitive rates. I would suggest doing a little research before talking to a mortgage professional so you are able to ask them tough questions and see who you feel most comfortable dealing with.

Using a mortgage loan comparison site is the most efficient way to compare mortgage refinance rates and find a quality lender. Most of these sites are completely free to the consumer and I strongly encourage homeowners to at least consider refinancing your mortgage. There really has never been a better time in history to refinance your home and taking action now with historic low interest rates will most likely turn out to be a financially savvy decision.

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Why Consider Having Your Broken Gadgets Be Fixed Rather Than Be Replaced?




If you have accidentally damaged your phone, it does not necessarily mean that you need to buy a new one. Screen cracked? Battery is not charging anymore? Camera and speaker stopped working? All of these issues can actually be fixed.

Experts highly advised having your broken gadgets be fixed instead of replacing them. Of course, this option is more affordable. But there are other reasons.

Why Opt For Gadget Repair Services

You will become knowledgeable – Repair will not give you control over your stuff; rather, it will connect you with it as you begin learning what makes it tick. Also, you won’t be overcharged for just a simple repair again.

E-waste can be prevented – Did you know that about 75% of broken gadgets end up in incinerators, landfills or e-waste dump sites worldwide? Gadgets being recycled are often shredded, and then sold as raw materials.

Mining and manufacturing efforts can be conserved – Mining is actually hard on earth. It can result to huge wastewater leaks. Manufacturing, on the other hand, has real human costs. If you opt to fix your old stuff, you are not actually contributing to the mining and manufacturing of new things or items.

Why Phones Get Broken

Dropping – About 29% of smartphone claims are associated with dropping phone down the stairs. Others even dropped their gadgets in parking lots, hot air balloons, sidewalks, and hardwood floors. It is for this very reason that it is very important for users to invest in cases that can withstand almost anything you can throw at it.

Liquid – These will include spilling a drink and dropping them in a toilet.

Scratching – Screen scratches are not just caused by the keys in your pocket. It is also caused by the particles of dirt and dust rubbing against the glass as you move. They can also be a result of loose items inside your handbag. Be reminded that you can have an unlimited supply of potential screen tarnishing alternatives.

Unlocking your phone – This can result to 2 things immediately. It will void your warranty as well as boost the chances of unintended damage to the software exponentially. It may even cause many of your apps to stop working. Bear in mind that if you commit any mistakes during the conversion process, you will certainly be staring at an error screen on a costly doorstop. Repairing must only be done by knowledgeable and skilled repair experts.

Children – 1 out of 4 parents reported that their phone have been damaged by their kids. With their mind boggling and creative ways, the little ones can actually destroy a lot of things. Be reminded that in the hands of a skilled child, your gadget can go from cutting edge to paperweight in an instant.

Regardless of what the reason may be for having a broken phone, it is highly recommended that you must have the experts fixed it. Look into reliable phone repair services in your area.

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Manual Credit Card Imprinters Becoming Obsolete




Since the introduction of credit cards in the 1960’s, the cards have carried the card number, expiration date and cardholder name in embossed or raised letters on the plastic card surface.  Mechanical devices were developed and used to imprint credit card charge slips from those raised alphanumerics.  Those slips were then, for many years, deposited into the merchant’s bank account like checks to prove the transaction took place. More recently, the cards were affixed with a magnetic stripe and were swiped through electronic devices that read and transmit the card information to processing centers for verification and sale authorization. 

Electronic processing has now become so standardized that last year Visa announced they were going to phase out the embossing of card information on the card surface and future cards will be “flat”, the card information printed but only accessible magnetically with the stripe on the back.   Other card associations – MasterCard and the rest-will follow suit shortly.

Few merchants still manually take imprints of cards anymore, with the exception of merchants accepting card payments for delivery of goods or services ordered by telephone – such as a pizza restaurant, for example.  They do so to verify that the physical card has been presented to the merchant during the transaction, in order to prevent fraudulent charge backs.

In my own wallet I have an ePassporte Visa Electron card and the numbers are flat.  No imprint can be taken.

And no imprint any longer needs to be taken.  The new standard is to always swipe the card through a terminal, whether that terminal be in the store, next to or part of the cash register or point of sale system, or via use of a wireless terminal a driver carries with themselves to the customer for payment at time of delivery.

If your business takes orders by telephone or mail and you are manually keying credit card numbers into your terminal, you are costing yourself a lot of money in additional card processing fees.  Manually keyed-in transactions are processed as “non-qualified” transactions at a rate more than double your basic rate, due to risk of fraud by the card not being physically present.

The fact is, card imprints are no longer a safeguard against fraud, because any criminal can create phony credit cards and use an Addressograph machine to emboss stolen credit card numbers onto them.  Encoding a magnetic stripe on the back, however, is almost impossible to counterfeit.  The stripe contains not only the card number but other coding which, when swiped through a terminal, verifies to the bank that the actual card is present and being swiped, not manually keyed in.

What can a merchant do?

Short of purchasing some sort of portable photocopier to copy the customer’s card and perhaps I.D., the only thing to do is to catch up with 21st century technology and equip your drivers or delivery personnel with wireless credit card terminals.  The terminals may be purchased or leased from your credit card processor and they pay for themselves quickly, because now all transactions they process will be under a lower  rate, as card-present transactions.

These terminals include a printer so you can get a signed receipt from the customer after the transaction is put through and authorized, and you print a second receipt copy for the customer.  Just as if the customer had been physically in your store.

I have equipped many mobile merchants with these devices: food delivery, locksmiths, massage therapists, computer technicians, handymen, plumbers and other repair personnel – the list is growing every day as more businesses go mobile and deliver their goods and services to customers.  The terminals are also great for fairs, shows, conventions and other locales with no landline telephone access available.

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April 2008 Mortgage Licensing Update




The April Mortgage Licensing Update includes the following updates:

o FHA Licensing Bond – Will it ever pass?

o Alaska Mortgage Licensing – July 1, 2008

o New York Mortgage Licensing – Transition to NMLS

o Surety Bond Issues – Massachusetts, District of Columbia, and New York

o HUD Exempt States – This is really interesting

FHA Licensing Bond

Congress has been working on reconciling the FHA Modernization Act for months now and although it appears every week that they are making progress, it is still very unclear whether a bond provision will be in the new law. If you are looking to do FHA loans and you don’t meet the $63,000 net worth requirement, I recommend looking into other options. There are many companies out there that will allow you the independence you desire while operating under their HUD approval.

Alaska Mortgage Licensing

Although you won’t find anything on Alaska’s website, mortgage broker and lender licensing are required by July 1, 2008. The contact is Roger Prince at (907) 269-8144. My recommendation is to contact him as soon as possible if you desire to originate in Alaska after July 1, 2008.

New York Mortgage Licensing

The transition for New York Mortgage Brokers and Bankers to the NMLS has started. Beginning April 1, 2008 you can now submit your company information into the NMLS. The deadline for transition is September 1, 2008. With the complete incompetence of the New York Banking Departments Mortgage Licensing Division, there is great concern that they will be able to handle this in a professional manner. It could turn out very bad for many companies if this does not go smoothly, but it is possible that the NMLS will eventually streamline the process of getting licensed in New York, which at this time is the most difficult state for licensing in the nation. My hope is that they clean house over there and get rid of the people that are uncooperative and rude.

Surety Bond Issues

Massachusetts, District of Columbia, and New York are becoming very difficult states to place bonds in. Hartford issued a letter that they would not be renewing any Massachusetts bonds. District of Columbia has made some changes to the way they interpret the bond increasing the liability for the carrier, and New York has been making so many claims on the bonds that no surety carrier wants to write them anymore. My recommendation to you is to contact these states if you are licensed in them and complain. They need to make some changes to their surety bonds and the way they use them or the mortgage companies in these states are going to lose their licenses or be forced to pay a lot of money to get the bonds. Let your voices be heard.

HUD Exempt States

HUD approval allows you to do FHA loans, but it also has another added benefit: HUD exemptions. About 10 years ago, you could be exempt in most states if you were approved to broker FHA loans, but slowly the states have taken away these exemptions. Here is the list of states that still have some form of exemption in their laws. Keep in mind that some of these exemptions will not apply to you and some lenders do not accept exemptions.


Hawaii under Foreign lender exemption (some banks don’t take it though – most do)

Oklahoma if you have a FHA nationwide direct lending branch or a FHA approved branch with a lending area that includes OK.

Ohio if you only originate HUD loans.


Indiana if you originate 25 FHA loans per year in IN as of 1/1/08 OR if you have a Full-Eagle.

Kentucky if you originate 12 FHA loans per year in KY.

Tennessee will allow you to register instead of license, which removes the $90,000 bond requirement, however, if you are already licensed, you will be required to keep the bond for 2 years after changing from licensee to registrant.

Texas as a full-eagle under the mortgage banker registration (Must have DE Underwriter on staff)

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1-375 WoW Professions Guide




Welcome to Arcbound’s Crafting Guide! This guide is meant for either an individual or a guild that is interested in finding efficiencies while leveling multiple professions at the same time. By using the interdependencies of the different professions, you can make the process of leveling these professions less expensive and time consuming than by doing them one at a time.

You have two options when it comes to creating a set of characters. With the first option, each crafting profession is paired with the most appropriate gathering profession:

1) Mining, Jewelcrafting

2) Mining, Blacksmithing

3) Mining, Engineering

4) Skinning, Leatherworking

5) Tailoring, Enchanting

6) Herbalism, Alchemy

Or, if you are opposed to having so many characters, you could have the following arrangement:

1) Tailoring, Jewelcrafting

2) Mining, Engineering

3) Leatherworking, Skinning

4) Enchanting, Blacksmithing

5) Alchemy, Herbalism

In any case, your first step after creating your characters will be to level them up to about 10 and get them to a major city. Once in the city, train with the appropriate professions and buy any necessary gathering equipment (i.e. Mining Pick, Skinning Knife). Now that you have your gathering equipment, it’s time to get out there and gather!


When you first start off at level 10, it is probably best to keep leveling and gather as you go. If you need help leveling, I recommend either Joana’s Leveling Guide for Horde or Brian Kopp’s Leveling Guide for Alliance. Once you get to level 20 you should be high enough to do some gathering runs. To find mining nodes and herbs, I recommend MapWoW. Leather can be skinned from most beasts you come across, and Cloth drops from most humanoids. To find drop rates for items, you can do a search on Allakhazam. Once you’ve gathered everything you’ll need to buy any rare materials that you didn’t get or vendor items needed for the round of crafting you’re about to do. (N.B. Always be thinking about your Enchanter. Anything green or better you make that won’t sell well at the Auction House should be sent to your Enchanter for Disenchanting.)

Materials to Gather

· 264 Copper Bar

· 210 Rough Stone

· 60 Tin Bar (to make Bronze)

· 35 Light Leather

· 20 Light Hide

· 160 Linen Cloth

· 60 Peacebloom

· 60 Silverleaf

Materials to Buy

· 20 Tigerseye

· 14 Weak Flux

· 10 Wooden Stock

· 75 Coarse Thread

· 1 Copper Rod

· 1 Strange Dust

· 1 Lesser Magic Essence

· 60 Empty Vial



Delicate Copper Wire

40 Copper Bar

(keep for Tigerseye Bands)


Rough Stone Statue

80 Rough Stone


Tigerseye Band

(buy 20 Tigerseye, send extras to Enchanter for DE)


Bronze Setting

60 Bronze Bar

(keep for Pendant of the Agate Shield)



Rough Sharpening Stone

50 Rough Stone


Rough Grinding Stone

40 Rough Stone

(keep 25 for Silver Rods)


Copper Chain Belt

120 Copper Bar



Rough Blasting Powder

40 Rough Stone


Handful of Copper Bolt

10 Copper Bar

(keep for Rough Broom Sticks)


Arclight Spanner

6 Copper Bar


Copper Tubes

28 Copper Bar

(buy 14 Weak Flux, keep 10 Copper Tubes for Rough Broom Sticks)


Rough Broom Stick

(buy 10 Wooden Stock)



Light Armor Kit

35 Light Leather


Cured Light Hide

20 Light Hide

(keep 15 for Fine Leather Tunic)



Bolt of Linen Cloth

160 Linen Cloth

(keep for Linen Bags and Reinforced Linen Cape)


Linen Bag

(buy 60 Coarse Thread)


Reinforced Linen Cape

(buy 15 Coarse Thread)



Runed Copper Rod

(buy 1 Copper Rod, 1 Strange Dust, 1 Lesser Magic Essence)


Enchant Bracer – Minor Health

(always Disenchant for experience first)



Minor Healing Potion

60 Peacebloom, 60 Silverleaf

(buy 60 Empty Vial, keep 50 for Lesser Healing Potions)

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6 Tips to Help You Improve Your Investment Strategy When Trading BTC




If you want to invest in Bitcoin, make sure you consider a lot of factors. This decision should be based on solid technical evaluation and comprehensive analysis. You don’t want to risk your hard-earned money. Instead, the goal of every investor is to earn maximum return on his or her investment dollars. Let’s discuss a few tips that can help you improve your investment strategy. Read on to find out more.

1: Know the Basics

The first step is to make sure you can earn a return on your investment, which is possible only if you are familiar with the basics. At times, if you don’t fully understand the fundamentals, you may end up making the wrong decisions.

So, the terms you should know include crypto currency exchange, private keys, public keys, wallets, and digital coin, to name a few. Knowing these basic terms is important for making better investment decisions.

2: Be Consistent

Often, we take too long to make important decisions for many reasons. As a matter of fact, even experienced investors may end up making this mistake. It’s important to understand that tweaking your strategies based on the market conditions is paramount. The value of Bitcoin continues to change, which means you need to change your investment strategies from time to time.

3: Use Technology

The digital currency concept depends upon technology, which means you should be able to use the technology for your investment decision. For instance, you can try out automated bots as they help with crypto currency trading. Therefore, you don’t need to intervene a lot.

This type of tools can help you save a lot of time and effort during your decision making process. Therefore, using them is a stroke of genius.

4: Consider Exchange Charges

When it comes to opting for a crypto currency exchange, make sure you are quite selective. Actually, different exchanges have different tariff rates, which can have a great impact on your ROI. This is important if you get involved in many small trades as each transaction is charged based on the rules and regulations of the exchange. Therefore, you should ensure that you opt for the best exchange to reduce the fee.

5: Don’t Overtrade

At first, some investors tend to engage in overtrading. They do several trades per day, which is a serious mistake. You may want to avoid it, as the results can be devastating. So, you should take your time and make each trading decision after careful thinking.

6: Consider Alternatives

In some avenues, your BTC investment may prove quite productive. You may want to opt for an alternative that can minimize your risk and maximize profit. So, what you need to do is opt for an alternative that involves low risk and more profitability.

Long story short, Investing in BTC can be quite productive, especially if you follow an attentive and measured approach. So, make sure you learn the basics and compare different alternatives to make the best decision. Hope this helps.

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Consumer Credit VS Capital Credit: Exposing the Systematic Roots of Income Inequality




There’s a BIG difference between CONSUMER CREDIT and CAPITAL CREDIT. And understanding this difference will help readers understand why American income has become so inequitably distributed, especially over the past four decades, and why the wealth gap between the few and the many, threatens to undermine American democracy.

Consumer credit on one hand, is easy to get. Fill out a few online forms and unless you have some real financial problems you’ll receive your very own, personalized, plastic credit card along with all the accompanying literature (lots of fine print) within days.

With consumer credit in hand you can buy anything from gas at the pump, to beer at the ballpark, or a college education (student loans sound familiar to anyone?). A consumer credit card company wants you to buy all kinds of things on credit (often at ridiculously high interest rates – formerly called usury), to pay later, while piling up a mountain of debt that will allow the lending institution to make you work for the rest of your days in order to pay off your debt to them.

In Contrast – Capital Credit…
On the other hand, capital credit allows you to purchase wealth producing capital assets (i.e. land, machinery, buildings, corporate stock), to pay back the loan at a reasonable rate until you own the asset outright, and are reaping the full financial benefits of owning wealth producing capital. Done right, the loan is paid back out of FUTURE EARNINGS (i.e. dividends) instead of the borrower’s own pocket.

Capital credit however, is much harder to get (try buying a house sometime) than consumer credit. Generally speaking, borrowers must be able to prove they don’t need the money (meaning they have ample collateral with which to back the loan) before the lending institution agrees to anything. The result is that most wealth producing capital assets that yield lucrative dividends to their owners are accessible ONLY to a small percentage of people – the 1% to 5% who can prove they don’t need the money.

Almost everyone else is effectively left out in the cold when it comes to accessing capital credit and owning wealth producing capital assets. This is the basic reason for the wealth gap that’s transformed America’s democracy into a 21st century American oligarchy.

Enter Kelso and Adler
Enter a gent named Louis O Kelso, who back in 1958 published a book entitled “The Capitalist Manifesto,” in which he (and co-author Mortimer Adler) suggested that every American citizen should have access to capital credit with which to purchase wealth producing capital assets at reasonable interest rates and in the process actively participate in (instead of being left out of) America’s highly productive free market economy.

Such a strategy according to Kelso and Adler, would democratize a free market economy. Such a strategy would maintain the private ownership essence of the free market while preventing the monopolistic tendencies that have historically undermined political democracy in laissez faire capitalist economies. In other words, it would save the free market from its own historical tendencies to self destruct.

By democratizing the free market (while creating lots of demand via a second “investment income” for every citizen*) and systematically reducing the malignant wealth gap, Kelso and Adler predicted an economic expansion even larger than the one that followed in the wake of Abraham Lincoln’s Homestead act of 1863 which gave every American citizen 160 acres of land (one kind of wealth producing capital asset), if they were willing to take care of it. But where land is finite, business opportunities and corporations (as well as the economic possibilities) are infinite.

Oligarchs Successfully Marginalized Kelso/Adler
The oligarchs however have successfully kept a lid on Kelso and Adler’s revolutionary ideas and to this day most of the public actually thinks there are ONLY 2 choices when it comes to economics. There is the historically right leaning, free market, laissez- faire capitalist approach of the Republicans. And there is the historically left leaning, labor union favoring approach of the Democrats.

The right pushes rugged individualism and personal responsibility while the left pushes enlightened self interest which recognizes that we’re all in this together. According to conventional wisdom, the political pendulum swings between these two poles and in the process the Kelso/Adler prescription has been effectively ignored by the “free press.”

Enter the Capital Homesteading Act
But that does not mean “ownership economics” are dead and gone. On the contrary, over the past half century thousands of employee owned companies (ESOPS) and worker owned co-ops have sprung up around the nation. When done for the right reasons (not to bail out a failing airline) these examples democratize the conventionally despotic corporate plantation.

Professor Rick Wolfe, Dr. Guy Alperovitz, and Dr. Ted Howard are unabashed, vocal proponents of worker owned co-ops based on the Spanish Mandragon model. Off shoots of this can be found in places like Cleveland, Ohio (the Evergreen Co-op) and Jackson Mississippi (championed by now deceased Mayor Chokwe Lamumba).**

And a resilient band of renegades known as the Center for Economic and Social Justice, led by Dr. Norm Kurland has developed and introduced The Capital Homestead Act which exchanges land for capital assets, and in the process gives every American citizen access to capital credit (per Adler/Kelso). The Capital Homestead Act is built on a foundation of PRIVATE OWNERSHIP which those on the right will applaud. Yet it also accounts for the fact that WE’RE ALL IN THIS TOGETHER, which those on the left will applaud. In other words the Capital Homestead Act takes the best of both sides and merges them into a 21st century idea whose time has come.

Capital Credit: an Idea Whose Time Has Come
In any case, the time has arrived for an alternative solution because the arguments on the conventional right and those on the conventional left have fallen short of the mark when it comes to empowering individual citizens, recognizing that we really are all in this together, and when it comes to democratizing a free market economy. Ownership economics is the key to the future for anyone who really wants a political democracy.

*The 2nd income is generated from distributed dividends NOT from taking a 2nd job.

** Rutgers University also offers its annual Louis O Kelso Fellowship which plants academicians around the nation with some background in this unique line of thinking.

Actually people around the world are interested in the concept of Ownership Economics as exemplified by the Global Justice Movement and through presentations by internationally renowned scholars such as Professor Stefano Zamagni.

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What Are the Benefits Of Using Checks Instead Of Cash or Credit Cards?




What are the benefits of using checks instead of cash or plastic is a question often asked by many people. Unless a person has a financial background they don’t typically understand the differences advantages of using different forms of payment. However, these different forms of currency do have major differences when it comes to a person’s financial security.

What most people don’t understand is that cash is not trackable like checks or credit cards. If they lose it or it gets stolen then it is just lost and will not be replaced because there is no way to prove exactly how much money was lost or stolen or by whom it was taken. This is why most criminals prefer cash over other forms of currency.

The next method of using money is to pay for everything with a credit card. When a person uses a credit card to pay for purchases they feel safer than with cash because there is at least some kind of a record of the transaction. However, what most people do not take into account about using credit cards are the fees that go along with it. Paying for items with a credit card often leads to spending more money than a person can really afford because they don’t realize how much they are actually spending and they do not take into account the interest fees that are associated with using a credit card. However, the biggest downside to credit cards is that they tend to get stolen and although they are somewhat trackable, they can still be abused by others who know how to play the system. There are some machines or businesses that accept credit cards which do not require a pin number, signature or ID to prove that they have a right to use the card which makes it very difficult to capture the thief that stole the card. This is why many of these criminals are never caught and the money is lost because they have to prove it was a fraudulent person using the card and not the rightful owner of the card. Therefore, credit cards are not a totally secure means of using your money either.

A personal check is great for paying bills because it’s not obvious as to what it really is when mailed in an envelope and not just anyone can cash it. People tend to keep better records with checks than other forms of payment and they serve as a receipt for proof of payment. The bank keeps a copy in case you lose yours which makes it great for protecting your money. The other advantage is that the law helps protect you from someone stealing a check and fraudulently signing your name to it. Therefore, if you think someone stole a check and fraudulently signed your name to it then you can have the bank check the signatures with an expert to confirm that it is not your signature. Once it is verified that the signature is a fraud the bank will typically return the money to your account and go after the person that committed the fraud in order to prosecute them to keep them from being able to do it again to someone else.

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Bankruptcy – Is a Home Mortgage Possible?




Have you had a bankruptcy and don’t know how it will affect you in regards to getting a mortgage loan? It may not be as bad as you think. You had a bankruptcy. Lots of people do and rebound from it. Here is some information to keep in mind when getting your mortgage after going through the process.

You probably won’t be able to get into a mortgage for at least two years after the bankruptcy has been discharged if you filed chapter 7. That is usually the waiting period lenders will impose before considering a loan. Once that time frame is up, there should be no issues getting financed. If you filed chapter 13 bankruptcy, the Federal Housing Administration will consider a loan in as little as one year.

The important thing for a consumer to do is begin immediately re-establishing their credit and building their credit score. This can be done by paying rent and utility bills on time. Or, perhaps obtaining a secured credit card, a credit card where the balance is paid in by the cardholder to establish the account.

You should, however expect to pay a higher interest rate. You will pay the higher rate, because you are a higher risk. Keep good records of all of the payments you have made since the discharge. If the bank sees that you have been on time with your payments and are current on your accounts, it may help to keep your interest rate on the lower side. Remember, it isn’t just the bankruptcy that affects your ability to get the loan or the interest rate. Employment history, loan to value and down payment also are a factor in the loan decision.

Securing the loan may be challenging. Stay positive, patient, and persistent. Lenders may want to do extensive digging into your financial records. Be as cooperative as possible. You don’t have to stay with one lender. Shop around. Get advice from multiple sources. Talk to your local brick and mortar banker. Dealing with someone you have a relationship with is helpful. Talk to a broker. Brokers deal with many types of situations and may be able to steer you in a path you haven’t thought of. Search online. There are many online companies that deal solely with helping people who have had bankruptcies obtain mortgages.

Banks will consider anyone with a bankruptcy a high risk. High risk is just that, high risk. Not impossible. You can still get a mortgage. You may have to jump through more hoops. You may have to pay more interest (which is deductible on your taxes). But you can buy a house.

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