Why Government wants to decrease Repo rate at the time of Economical crises (crisis) in the market?

Financial crisesGovernment can take control on the market as and when it wants. If they find more money in the market, they will issue some bonds to get back that money and keep market as per the demand of the product and when it finds less money in the market, govt. decreases Repo rate against the loans that The Central Bank provides to banks and banks can lend money to individual/companies on a lesser interest rate.

Repo rate means the Government charges interest rates on the money lending to the banks in the country.

When there are crises (crisis) of equity in the market, banks do not have enough capital/equity with them to lend people. In that case bank won’t be able to provide loans to individuals or organizations, as a result people will suffer with lack of capital help and organizations may not be in a position to continue with their business. As a result citizens may lose their jobs even, companies may drop employees in order to reduce the cost of the company. Until and unless banks will be in a position to lend money to the companies or individuals, citizens will not progress in the society, they can meet their wants and it may lead to more unemployment in the country. In such cases, banks have only two options to make capital with them, one is to increase interest rates on deposits to attract the citizens or to request The Central Bank to lend money for the continuity of the business. These are the only ways to make money with them and this is going to be prime motto of the government to help the banks and in turn helping the individuals and organizations. In such attempts, if banks get enough capital with them in the market, the govt. may decrease the repo rate, meaning decrease the interest rate that The Central Bank charges to banks on lending money. In this process banks will definitely get some liquidity with them and they do not need to pay more interest to The Central Bank. Since they get sufficient capital with them, they can also reduce the interest rates on the deposit as well as on the lending, so that availability of loans can be processed in the market. In this way Financial Crises (crisis) can be eliminated from the market.

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CFDTrading.com is a leading source of CFD news and insights, including research and signals for Contracts for Difference CFD Trading. We help answer all your CFD questions with our daily, expertly written articles, and extensive up-to-date charts and reports on the state of the worldwide CFD market.
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6 Types of Insurance

6typesinsurance
Insurance is a way of risk management used to cover in case of loss. In insurance the insured pays a fixed amount of premium and in return the insurer guarantees to compensate the loss of the insured`s property or life or the insured thing in case of any damage. The premiums are being determined with insurance rate. There are many types of insurance available to insure your valuable things. But in general you can find 6 types of insurance policies that are available in the market to suit your needs.


Lets have a look at the 6 basic types of insurance that you can afford.

Life Insurance : The most valuable thing in the world is our life. So to insure life is given topmost priority while talking about the 6 types of insurance. In this insurance plan the insurer company gives the financial coverage in case of loss of life of the insured and his family. The policy holder have to pay a premium to get the coverage.

Health Insurance : Health insurance covers the health related expenses that needs in an emergency. This insurance can cover your all expenses regarding the treatment, fees of doctors, Hospital charges, medicine and also other charges in case of mishaps.

Auto Insurance : 3rd type among the 6 types of insurance is Auto insurance. You can opt for it. In auto insurance policies, insurer provides cover for damage caused by motor accident. The insured pays a monthly or yearly payment to get the coverage. In return the insured gets compensation in case of any mishaps. The insured Insurance premiums are decided on basis of age, gender, marital status, distance traveled, Vehicle classification, etc.

Disability insurance: Disability insurance provides cover an individual financially, if the person looses the work ability and unable to earn his living due any illness or accident. Two types of coverage are available, one is STD or Short Term Disability and LTD or Long Term Disability. In case of STD you can get compensation for a period of maximum 2years. In LTD the compensation will be provided for the life time.

Home Insurance : The 5th among the basic 6 types of insurance is Home Insurance. It provides coverage for your home against all the mishaps. Many different plans are now available in this section to suit your needs.

Business Insurance : Businesses can also be insured from any mishaps however its big or small. In business insurance policies the insurance company provides coverage for business property and liability. The most popular business insurance is BOP or business owner's policy, it’s a kind of bunch of policies with many kinds of coverages.


These are the basic 6 types of insurance. Although outside these 6, there are bunch of other types of insurance is also available in the market like: Travel insurance, Pet insurance, Financial loss insurance etc.


You can check this video too for the more ideas on 6 basic types of insurance.


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How to have an Impressive Credit Score


To have easy credit, the utmost importance is to have a very good credit score. Except an impressive credit score everyone can`t imagine to have an easy credit. It can create difficulty while applying for your loan. If the creditor allows you to get a loan despite your bad credit score, can charge huge interest rates. So all the persons try to have a decent credit score to avoid the hackles.

How to have an impressive credit score:

There are many steps you can take to have a good credit score, but they are not always easy. Lets have some easy way to improve your credit score significantly.

• The payment history always has great impact on the credit score. So to have a good credit score must make payments on-time and avoid the late payments. This can be a boon for your credit score.

• Credit score is also determined by the amount of debt you have owed. While taking credit card debt, try not to cross the credit limit. It can effect you negatively.

• Your credit history have an impact on your credit score. The longer your history, the better your credit score. Don`t opt for too many new accounts. It can have bad impact on your score.

• If you have different kind of credits such as mortgage loan, educational loan etc. the credit score will be better.

• If you you require to have a new credit, always try to rate shopping for a limited time period. The number of recent credit inquiries also effect your credit score.
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Which is Better, Bankruptcy Or Debt Consolidation?

Which is better, bankruptcy or debt consolidation, this question hovers over persons head with huge debt. There are also many options available for him other than these two. He can have credit counseling, debt consolidation loan, bankruptcy or debt settlement to save him. But what strikes in one`s mind most, is which is better bankruptcy or debt consolidation. To decide that they must try to imagine in both the situation and consider what is offered in both the options.

Debt Consolidation

If we consider one`s unsecured debts by using the secured loan, some people find it troublesome as we are trying to solve one debt problem with another debt. For others debt consolidation is the permanent solution.

Different unsecured loans (like student loan, credit card debt) can be replaced by single debt consolidation loan. Instead of paying many dues, anyone can be able to consolidate all their debts with paying single lower payment. This can improve the credit score immediately. But there is criteria he had fulfill to qualify for the debt consolidation loan. He must have a stable income source to pay the loan. The lender can also ask for some security like car or house. To consider Which is better bankruptcy or debt consolidation, now concentrate on bankruptcy.

Bankruptcy

When you haven`t sufficient support to qualify for debt consolidation loan, then one can opt for bankruptcy under chapter 7 or 13 according to circumstances.

Bankruptcy is another way fleeing away from the debts.
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Mortgage Rate Down but can Borrowers Qualify


If you like to have best saving option, then must opt for home mortgage. As the result of Federal`s financial rescue effort mortgage interest rates are declining and making the mortgage more affordable.

But the question is that, whether the borrowers are able to take the advantage of the lower interest rates?

For complete story checkout the article
Have a look at 6 types of Insurance to know the basic Insurance policies.
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Women mortgagors outnumbering the Men

According to a recent Fair Investment survey conducted on more than 2000 britishers, more than 44% of the women (home owners) are paying their mortgage in comparison to only 37% of men.

The survey also revealed that average female wages are 25% less than the average male wage.

According to Sharon Bratley chartered financial planner of Fair Investment, Some of the striking figures this survey has pointed are,

1. The statistic reveals that 25% low wages of female than male, in contradict to the Office of National Statistics figure of 17%,. This opens the true facts of women on managerial jobs.

2. It is really interesting to find out that although women are earning less but ready to have a mortgage to have their own home. They are also choosing careers to own a home, sweet home.

These figures show that there is also a significant difference between men and women regarding their dream to have a home.
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To know more about the basic 6 types of insurance click 6 basic types of Insurance
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How to Become an Insurance Agent




This video is to help you becoming an insurance agent. To learn "How to Become an Insurance Agent" follow the easiest ways. By following these ways, you can find yourself as proud Insurance agent. See the ideas of How to Become an Insurance Agent. To know 6 basic types of Insurance have a look at the article on this article and get competitive insurance quote and get tips on becoming the Insurance Agent.
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To raise your credit score faster




These steps can help you to have a good credit score faster than you can think. For more information on Financial Updates have eye on the blog http://allfinanceupdates.blogspot.com/
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Mortgage lender Address







Mortgage lender Address and telephone Number


State : Albama




















































1. 1ST ALLIANCE MORTGAGE LLC
2743 DEFORD MILL RD SE
OWENS CROSS ROADS, AL 35763
MADISON County


Telephone: (256) 534-9986


E-Mail: N/A


2. A& O INVESTMENTS LLC
2316-D KNOLLWOOD DRIVE
MOBILE, AL 36693
MOBILE County


Telephone: (251) 602-5505


E-Mail: reid@ccummingsmortgageco.com

3. A .M. ROBBINS MORTGAGE, INC

100 UNION HILL DR STE 300

BIRMINGHAM, AL 35209

JEFFERSON County



Telephone: (205) 871-1905


E-Mail :trobbins@amrobbins.com

4. AAA WORLDWIDE FINANCIAL COMPANY

2015 STONEWOOD DR

DOTHAN, AL 36301

HOUSTON County



Telephone: (888) 300-7107


E-Mail: info@wwmortgage.com

5. ACCEPTANCE CAPITAL MORTGAGE CORPORATION

800 DOWNTOWNER BLVD STE 104

MOBILE, AL 36609

MOBILE County



Telephone: (251) 633-8105


E-Mail: N/A

6. ACRE MORTGAGE & FINANCIAL INC

1404 8TH ST

LEEDS, AL 35094

JEFFERSON County



Telephone: (205) 699-3027


E-Mail:phil@acemortgagela.com

7. ADVANCE MORTGAGE & INVEST CO N FLA

30500 STATE HIGHWAY 181, #460

SPANISH FORT, AL 36527

BALDWIN County



Telephone: (877) 621-3557


E-Mail:tsimoncinin@advancemtg.net


8. ADVENT FINANCIAL CORPORATION

3315 DEMETROPOLIS RD STE 101

MOBILE, AL 36693

MOBILE County



Telephone: (251) 666-8998


E-Mail: tara@afcmortgage.com

9. ALABAMA CO-OP FOR MORTGAGE BROKERS INC

406 5TH ST N STE 2

ONEONTA, AL 35121

BLOUNT County



Telephone: (205) 625-6338


E-Mail: homeloan@otwlco.net

10. ALABAMA FINANCIAL POTENTIAL CENTRES INC

3033 LORNA RD

BIRMINGHAM, AL 35216

JEFFERSON County



Telephone: (205) 979-9907


E-Mail: msnow@alfpc.com

11. ALABAMA HOME MORTGAGE LENDING

1957 HOOVER CT STE 314

BIRMINGHAM, AL 35226

JEFFERSON County


Telephone: (205) 933-1800


E-Mail: msm1208@aol.com

12. ALABAMA HOUSING FINANCE AUTH

2000 INTERSTATE PK DR STE 408

MONTGOMERY, AL 36109

MONTGOMERY County


Telephone: (334) 244-9200


E-Mail: N/A

13. ALLIANCE FINANCIAL SERVICES LLC

1738 WEST THIRD STREET

MONTGOMERY, AL 36106

MONTGOMERY County


Telephone: (334) 262-0050


E-Mail: N/A

14. ALLIANCE RESOURCE MORTAGE CO LLC

1404 HILLCREST RD STE C

MOBILE, AL 36695

MOBILE County


Telephone: (251) 634-1127


E-Mail: info@allianceresource.com

15. ALLIED HOME MORTGAGE CAPITAL CORPORATION

8602 US HIGHWAY 431

ALBERTVILLE, AL 35950

MARSHALL County


Telephone: (256) 891-0100


E-Mail: N/A

16. AMERICA ONE FINANCE INC

1219 RUCKER BLVD

ENTERPRISE, AL 36330

COFFEE County

Telephone: (334) 347-6678


E-Mail: autumn@americaonefinance.com

17. AMERICA'S MORTGAGE RESOURCE INC

6341 PICCADILLY SQUARE DR

MOBILE, AL 36609

MOBILE County


Telephone: (251) 342-1110


E-Mail: tdaigre@amr-no.com

18. AMERICAHOMEKEY INC

312 MERCHANTS WALK STE 7

TUSCALOOSA, AL 35406

TUSCALOOSA County


Telephone: (205) 345-4464


E-Mail: kbarton@americahomekey.com

19. AMERICAN FIRST MORTGAGE LLC

2969 PELHAM PKWY STE P

PELHAM, AL 35124

SHELBY County


Telephone: (205) 871-3553


E-Mail: rjones@rpsharpe.com

20. AMERICAN MORTGAGE GROUP INC

3044 HARTFORD HWY STE 4

DOTHAN, AL 36305

HOUSTON County


Telephone: (334) 671-1500


E-Mail: ams0@ala.net

21. AMERICAN REVERSE MORTGAGE CORP

1085 COUNTY ROAD 224

ELBA, AL 36323

COFFEE County


Telephone: (352) 867-1111


E-Mail: info@americanreverse.com

22. AMERICARE INVESTMENT GROUP INC

904 FORREST AVE # 2

BREWTON, AL 36426

ESCAMBIA County


Telephone: (800) 806-0699


E-Mail: ken.stiles@pclmtg.com

23. AMERICAS EZ MORTGAGE

6460 VAN BUREN ST

DAPHNE, AL 36526

BALDWIN County


Telephone: (251) 626-9660


E-Mail: agknapstein@yahoo.com

24. AMERIFUND FINANCIAL INC

5296 BIRDSONG RD

BIRMINGHAM, AL 35242

SHELBY County


Telephone: (205) 980-2690


E-Mail: stewartholt1@aol.com





More Financial Updates are ready for you.
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Subprime Mortgage blues




For more Updates on Finance look at my blog Financial Updates
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Clear personal debt and have calm life

clear debt
To get out of personal debt and change your financial picture, here are some excellent ideas that I have found in cnn.com

1. Figure out Full Financial Picture : Try to figure out your total financial picture. Find all the bills, debts, credit cards, mortgages or other loans and figure out your financial condition.

2. Payment of Important Bills : Now go to pay your important bills first. Basic food, home. health are the most important.

3. Have a talk with creditors : If you missed any payment, call the creditor and try to find out a payment plan with his help. If he favors you can find minimum interest rate and negotiable monthly payments too.

4. Transfer balances : You can opt for balance transfer if your one card is charging high interest rates. Some cards provide 0% interest rate for 12 months in case of balance transfer. Find the lowest rate and pay it without the burden of interests. But be sure most cards can charge a balance transfer fee.

5. Skip credit card : To save you from drowning under debt, prepare yourself and use cash or debit card instead of credit card. This way you can keep the interest rate under control.

6. Prioritize the debt payment: Start paying off the credit card debts. Pay the credit card due that has highest interest rate.


How to Become an Insurance Agent
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Mortgage Calculator - an Easy and Free way to Estimate Loan

mortgage calculator all finance
When anyone wishes to buy, sell or refinance, almost everyone searches for mortgage rates. Its not only helpful to find a better house in our price range but also helps us to find loans with better terms. Mortgage rates vary from country to country and even within a state. All these can make you feel exhausted while searching. But there is an easy way out. Mortgage calculators are there to help in your research for mortgage rates and payments.

In almost every site you can find a mortgage calculator. This online device will assist you to find out the mortgage payments. On basis of percentage rate, loan amount and local mortgage rules, this tool works. Its really simple to use and costs nothing. It gives a clear idea of your probable monthly mortgage payments.

Many websites are providing different free mortgage calculators (like: mortgage-calc.com, mortgagefit.com). Its not only estimates your probable monthly installment, but also checks your eligibility for a mortgage and tells how much you can expect as mortgage. Based on length of your loan, percentage rate, payment options and on some other parameters these calculators can give you the true picture of your mortgage before your apply. From the estimations you can plan your future expenses to make your dream home comes true.

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Some Sites


http://www.blfree.com


Finance blogs


Finance Business Directory - BTS Local


For Updates on finance have a look at our other posts at Financial Updates
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Prediction of rising Mortgage Rate



In recent history, recent mortgage rates is lying at the bottom of the level. It will remain there till November (Federal election). After the election the rate will increase sharply. Home owners will contradict it, as they have observed an increase in interest rate, although its low. But since seventies the mortgage rates are low for a long period.


Some important reason behind this are like Inflation on the rise, Failing dollar value.




How to Become an Insurance Agent
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Help Yourself in the time of Squinching Economy and Depression

americainsquinchingeconomy-allfinanceupdatesSuddenly the cost of living has increased in manifolds. We, Americans are facing great trouble to keep track with this sudden increase. Some are using public transport to save money for the rocketing food prices. In some places it is hard to find a buyer for your home as lenders are refusing to lend money to persons with bad credit. Even employers are refusing to pay a hike to counter the slowdown in the economy. All the people are feeling they are being trapped in such a crisis. Everyone is trying to get out of it by finding new alley to earn money and help the family.


Ways to make more money when due to Depression the growth is declining

Finding a second job can solve your problem little bit but you will get less time to spend with your family. Selling your time for money is not good.

With the advent of every dawn, thousands of people are opening their network marketing business through web. Due to the squinching economy the number is rising. Every day millions of people newly acquainted with the web and the internet user number already touches billions. So the market potential is infinite.

Having a home business will give you new experience. You can get ample time for your family. The persons who have started their own business, knows how simple it is. You won`t have to bother anything. The networking business model proved to be very powerful. The training and support is easily available. There is potential to have huge money at the end of every month.

In the time of great depression people are finding new ways of business as little jobs are available in market. Now individuals are creating their new income source to have a good sleep at the end of the day. So lets have a new business for our own.

Some Resources:

Cut Your Costs In Half - Learn effective ways to save money around your home, banking and investing tips, ways to save money on your vehicles, saving money while shopping, and much more.
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Investing in Bond Mutual Funds

bond mutual fund all finance updatesToday when we are going through bad economy, everybody are confused over where to put their money. If you want to put in stock market – it can be suicidal. If invest in bank – the return would be very low. Then where to invest the money?

One of the best place is to invest in mutual funds. It is lot safer than shares & returns better than the banks. But at this time of economical depression everyone must be careful before choosing a mutual fund. In case of bonds, regular interest payments and possible capital appreciation (in case bond price increase) are assured. Bond mutual fund assures all. These funds invested in bonds and debt securities. These always provide regular income from interest payments and at the same time protect the invested capital. Like mutual funds, they also have NAV (Net Asset Value) [in mutual fund NAV is value of each share]

Benefits of Bond Mutual Fund

It is much safer than the stock investment.

These ensure stability.

The fund is diversified and the portfolio normally distributed across various bonds to reduce the risk of default. This also assures regular payment.

Some are exempted from federal or state taxes.

Compared to bond these are more liquid. The bond mutual funds can be easily bought or sold. So bond mutual funds are preferable than bonds.

Different Bond Funds

Now several types of bond funds are available in market. Some of them are Government (or Federal bond funds), Municipal, Corporate bonds.

Government Bond Funds or Federal Bond

These are invested in debt securities issued by government (i.e. – Treasury bills and bonds, notes, mortgage backed securities from government agencies etc.).

Municipal Bond Funds

These are invested in issued securities from state or local govt. for different development project. As these are backed by federal govt., these considered to have high credit rating.

Corporate Bond Funds

These are invested in the debt securities of corporations. These have a little bit of risk as are not backed by govt. but pay higher interests than other funds. There are some other Bond Funds too like zero-coupon funds and international funds.
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Best Mortgage for those with Excellent Credit report

mortgage with credit score all financeupdates
Some days ago to get a mortgage with excellent credit report was a child`s play. But due to financial turbulence it has become walking on a rope. Now when mortgage default rates have touched all time highs the lenders are questioning all and the persons from higher strata of credit score are too being caught in the net.

Are you one of those with excellent credit scores and facing problems to get a mortgage or other loans? Lets take some easy steps to ensure to get the best loan.

1. First of all you need to have a copy of your credit report. Without this you cannot find your credit state. This will place you in a stronger position during the negotiation with the lenders.

2. Next thing is to make your credit score as high as possible. Slight better credit score can get you a better loan.

3. After taking all the steps, you must focus on choosing the best lender. Its better to have a lender who provide loans only for the borrowers with excellent credit. You can easily find such a lender. But be careful otherwise you can have to burn your hand at the end.

After following all these steps you can be sure of getting a best loan available at the market. If you have excellent credit score, can lead you to a better fee structure, lower interest rates and also shorter processing time.
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Forecast of Happiness for Corn & Soybean Harvest

finance corn soya field
After a distressful start of the growing season which spread - out fears of food shortage & huge economic losses, the United State’s most important crop is now on the way for a great harvest, according to the government.

The Agriculture Department is forecasting the second highest corn production on record with production of 12.3 billion bushels, and about 600 million bushels more than it had expected earlier in the summer.

“We dodged a bullet,” told Bill Nelson, a Wachovia grain analyst.

April`s cool weather the downpours of May gave way to widespread flooding in June, and prospects seemed pathetic for corn. Corn has long been the most important feed used in the meat production, and in recent years it has got more importance as ethanol made from corn has become a government- assigned gasoline additive...For complete article see nytimes
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Jobless claims touches the zenith since March 2002

Last week the no. of unemployed people signing off for jobless benefits has rose to its highest spot in more that 6 years as companies bring down their employee number due to stumbling economic situation.

According to Labor Department, the new applications filed for unemployment insurance has risen by a seasonally adjusted from 7000 to 455000 in the week ending on August 2. Since March 2002 this increase left insurance claims at their highest level. The recent picture of unemployment was worst than the analysts suspected. They were estimating the new claims for jobless benefits to drop to around 430,000.

This data has disappointed Wall Street too and Stocks appeared heading for a lower opening with the Dow Jones industrial average futures down 99 at the 11,532 level

For complete article click yahoo news
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Market news



Last week U.S. stock market moved with violent ups and downs but ended the week- & the month of August- with a quiet shrug.

Investors have spent 5 days mulling over shrinking payrolls, surprisingly poor results from GM (nyse: GM-news - people & an uptick in the price of oil. The Dow was down 0.5%, to 11,326 on the Friday end; the S&P 500 lost .6%, to 1,260; & the Nasdaq was off 0.6 %, to 2,311. For the whole week, the major averages were flat, as the S&P 500 gained 0.2 % & blue-chip measure lost 0.4 % and the Nasdaq was unmoved.

How far does this market fall? Lets hope for the best.

Source: Forbes News

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Consumer confidence at near record low

In the latest week American consumers' confidence down to within 2 points of its record low and is on race for its second-worst year in 22 years of measurements, a survey showed on Tuesday.


The ABC News Consumer Comfort Index fell to -49 in the week to August3 from -47 in previous week. Its all-time low, reached in May, is -51 & its historical average -10.


The index components were mixed, with positive views on personal finances down 1% point to 48 percent & those on the buying climate down 2% points to 19 %...For full article click Yahoo News
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Is your card info really secure?

The biggest identity theft case ever prosecuted in America, turned the spotlight on just how secure is our credit or debit card information?

This question is a simple one but the answer might seem to be a bit harder to pin down.

VeriSign that secures websites for e-commerce, told the BBC that debit and credit card information is "vulnerable" but they are thinking with retailers to alter that.

"Credit and debit card information is just not incredibly secure," said Perry Tancredi, senior product manager of VeriSign for fraud detection.

"But it is counterbalanced by the amount of fraud losses due to cheque fraud and direct debit fraud which is much greater than credit card fraud."

Mr. Tancredi told: "Regardless of how strong the security measures, and how vigilant, the weak part of the chain is there is always a human who is responsible and who has overall control over the information."

He suggested the best way was for all users to "assume that there will be some sort of fraud on your account sooner or later" and put in place a plan to counter with it.

How to be safe

Espousing a completely different view is Jerry Tabeling who is the president of IDP, a company that carry out vulnerability assessments of networks and online business applications...

For more details click BBC News


Credit card processing - First Atlantic Commerce offer offshore credit card processing, online payment services and international merchant accounts for businesses across the world.
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Inflation kills the impact of huge stimulus payments

Today`s high prices, decreasing home values, motionless wages and tight credit is a potent combination which has struck the American consumer hard.

In June, the second biggest inflation in nearly three decades mummed the impact of billions of dollars in government stimulus payments, figures showed Monday. The incomes barely budged in June and spending of the consumer deteriorated due to the higher prices for food, energy & other items, as the Commerce Department data show.

Kathy Stanley from rural Franklin County west of St. Louis said on Monday that rising gasoline prices had consumed into her budget so forcefully that she and her husband both have cut almost all their discretionary spending...
For more details check Yahoo News

For more finance updates have a look at our other posts at Finance Updates

To know which is better bankruptcy or debt consolidation
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