Wizard Of Finance

Welcome to the Wizard of Finance Blog. This blog was created with the everyday consumer in mind. The hardest thing for most people to grasp is that it is extremely hard for a person to get back on track when thier personal finances are out of wack. When you find that you have fallen behind and are now in debt or you would like to find out how you can save money for the future, the need to be financially savvy is the way to get out of debt or save for your retirement. This site is one that will help you find your way to financial freedom and get your life under control.

Take a moment and look around, this is as good a place as any to start building for your future and the futures of your family.

There have been reports from several different people I have met that say you can remove judgements from thier credit report by using a method called the "Motion to Vacate" and here is how it was done.

First they hired an attorney who knew a lot about credit repair and laws pertaining to your credit.

Get your attorney to file the motion called "Service of Process", this must be for removing the entry from your file. Your attorney would then make the arguement that the process was done improperly. Many people have said this actually works.

This usually works in your favor especially if the lender has been paid for the bill that he wanted anyway and may not even bother to show up in court. If you come to court and the creditor does not come then you will win by default. Then once you recieve the judgement the credit reporting agency will have no other choice but to remove the entry from your credit report.

Throughout your life, you have had some time that you did not have money to pay your bills and you have found that your clean credit is suddenly damaged, sometimes beyond repair (to you), now you have creditors and collection agencies calling you all day everyday, at work, at school, and on your cellular phone. You can't seem to get them to leave you alone and you have probably gotten to the point where you may even be considering bankrupcy.

There is a program which you may find useful, by using the Federal Bankruptcy Act you could get the Wage Earner Plan (Chapter XIII), this is where you may be granted relief from the constant nagging of creidtors should you file for this particular plan. In order for you to be eligible to take part in this program you will need to have your monthly bills be more than your total income that you earned from your salary or from your commissions.

In order to apply for the Wage Earner Plan you will need to call your area US district court or get yourself a lawyer. Then ask them if you can talk to someone who is in charge of this particular plan. You then file for the Plan and usually about 3 days after filing, your creditors will recieve a restraining order which will stop them from harassing or even contacting you any more. This will stop any actions that your creditors may have taken against you and it will stop all interest or late charges.

By signing up for this plan you will be able to pay off your debts and until you do it will give you some relief from the troublesome calls you get from your creditors.

One of the most important things for you to remember is that the bank stays in business by offering people loans that have interest rates. Some Banks and lenders may give your credit in one area will give you credit if they think that you are a good credit risk. Therefore building your credit is the surest way to ensure that you are able to get the bank to give you their money. Here are a few tips that will help you to get the loan you want.

1. Get your credit report from all the credit agencies to see if any of them have entries that could be bad for you.

2. Call banks in other areas to find out which of the agencies that they use, if it is a credit reporting agency that has no damaging entries you may be able to apply and get money from that bank.

3. Apply quickly before that information comes up on that credit reporting agency and you may be able to get the loan you need.

4. Pay off the negative entry that is on the other credit reporting agencies with the money you got from the bank and keep your nose clean.

More banks will offer you money when you fix your credit.

Hi I am Katherine Johnson, and I would like to take a moment to Introduce myself to you, I am the mother of 7 beautiful children, 6 daughters and 1 son,  I am a grandmother of three of the world’s most beautiful grandchildren, I am also a Christian pastor, known to many as Pastor Kayte. I am also a writer and I am currently published in many different places on the Internet. I have several websites, two eBooks, a few forums, and thousands of articles published. If you would like to follow me more closely you can check these places out.

1. Wizard of Finance : This is a blog about how to get your personal finances in order; there are numerous tips and tricks for the small business owner as well. If you need to get your finances in order, you should be able to find out information to help you do that with the Wizard of Finance.

2. Recommend It: This is a forum where you can list your affiliates. If you are an affiliate marketer this forum allows you to get your information into the hands of customers and other affiliate marketers when you come here to recommend it.

3. Food from Nana : My online cookbook, this is where all of my recipes are kept and a few that I have seen over the years. If you have trouble coming up with something delicious to make you could always find something when you make food from Nana.

4. The UK Move : This blog is about moving to the UK, it gives in-depth information about the culture, the laws, the customs and anything else you want to know about when you make the UK Move.

5. The DIY Construction Guide : My husband, who has been in construction for more than 20 years, has helped me put together this website. It showcases how the Do It Yourself person can get their home construction done without spending a lot of money. If you have a project in mind, check out the DIY Construction Guide.

6. Help I have Menopause : I recently found out that I am pre-menopausal, so I decided why not find out as much as humanly possible about this natural occurrence that every woman will eventually go through. Therefore if you are saying Help I have Menopause, then go and check this site out.

7. All Net Business: If you have decided you would like to start a business on the internet, you will surely find that this site is very informative. Additionally this site is written in two languages, so whether you are English speaking or Spanish speaking you can find information about starting your own business online with All Net Business.

8. Work from Home Course : With the work from home course, you get step by step instruction on starting and maintaining a lucrative business from home. You learn all of the many ways to bring in a full time income with just your computer and your time. If you have decided you don’t want to work for no one else, then the Work from Home Course is certainly the place for you.

9.  All About Tattoos : I happen to be a tattoo enthusiast, but because I am a professional and a Christian Pastor, having tons of tattoos is certainly not in the cards, however I do like to write about them, and I get to have one great tattoo. For those of you thinking about getting a tattoo or for those who have them or thinking about becoming a tattoo artist, All about Tattoos is definitely the place to hang out.

10. Poker Time Information: Since becoming a freelance writer, I have written and researched many thousands of articles and watched some thousands of hours of poker games, interviewed many experts and have learned everything there is to know about this subject, therefore if you are new to the game or have been playing for years Poker Time Information will surely have information for you.

11. The Home Winery : This is one of my favorites, in my spare time home winemaking is a hobby, though my wines are very light on the alcohol content, as Christians practice moderation, I still think that wine making is a lot of fun. If you would love to get your hands on my delicious wines let me tell you how to make them from your home, at the Home Winery.

12. Living Kayte’s Life : This is about my life as a freelance writer, blogger and affiliate marketer. It gives the new Internet insight into starting this kind of business and sticking with it.

13. Board Game Central : This site is about the many different board games there are to play; I am a big fan of board games and would like to share my knowledge of the different types of board games available.

One of the most powerful of all companies in the world is the credit reporting agency, In fact when you try to fight them it is almost like fighting against the military. Fortunately if you have take the time to find out how to find and fight the credit reporting agency, you will have the chance to stay on top of your report.

When you deal with these agencies you will quickly get the feeling that there is nothing you can do against the credit reporting agency. If you have lived your whole life in the United States, and are now an adult, you will find that it is possible that every employer you have had is on the report, every time that you have applied and were approved or denied credit or even been late a few days from paying your bill that it now appears on your credit report. Another thing you will find is that other companies will look at your credit regularly to see what they can offer you in the way of credit.

There are several credit reporting agencies you will need to know what they are and learn how to reach them, the great thing is that now all three of the main credit reporting companies, such as Equifax, Experian and Transunion. You may also want to know what each credit reporting agency is saying about you so you should look for each of these companies online and get a copy of your report.

When you are trying to get credit, you may find that it can be both difficult for some or very easy for others. Once you get credit (established credit) you will find that it creates many more opportunities than you ever thought were possible. Having credit means that you can go on that dream vacation, purchase your favorite luxury car, wear the most fashionable clothing and own the home you always dreamed of, you may even have the opportunity to start the business you always wanted.

The truth is, that through out the world many people are finding that for most people society is becoming a mainly cashless environment, so for the most part having no credit is almost unthinkable. People who lose the ability to maintain good credit have found that they quickly become credit outcasts.

In fact, it can be a very stressful situation to find that your credit is not as good as you thought it was. Many people go to purchase some product or service only to find out that now they have bad or damaged credit. Then all of a sudden the search is on to find some program or service that will help them to fix their fractured credit histories so that they can get their good credit back.

When you don't have good credit you lose the ability to have purchase power, however when you have good credit you will find that in most cases your options are limitless. Therefore, if your credit needs fixing, having information about how to improve your credit, repair your already damaged credit and to create positive credit is priceless.

For most people they do not have any idea what they must do to keep on top of their credit situation. Others learn that it is not always easy to maintain the great credit they once had. Whatever your particular situation may be, you will need to learn how you can get the good credit you need to survive in today's cashless environment.

One of the worse things a person has to deal with is being in debt that they can't even begin to fix, they literally have a mountain of debt and they dont have the income to fix these problems, therefore they are now forced to live simply and in most cases they dont have any property that a creditor can put a lien on. In this instance, they may choose to do absolutely nothing about it. The question many of these people have is, should they simply do nothing.

The truth is if you do live simply and you really dont have any property, then you are one of those people that a judgement will not hurt. They can take you to court and sue your pants of but you cant afford to pay and you have absolutely nothing that they can attach in order to recoup their money, and going to court with you cost more than the debt itself, so many creditors simply write your debt off as being uncollectable.

The Law will not allow your creditor to come into your house and take your furniture, they also wont be able to keep you from getting public assistance or social security, so they will eventually back off knowing that you cant afford to pay and eventually this will fall off your credit report as it will be uncollectable under your state's law anyway.

However, it is only for those who dont plan on having a regular job or that does not plan to buy any properties in the next 7 years that this may be an option for. For those of us who would like to own property or have a job, it is better to fix your credit report and pay off your creditors as soon as you can.

Credit reporting agencies are not infallible, many make mistakes, some because your name or social security number is close to anothers or someone stole your identity but what ever the reason, you may find that your credit report has some mistakes that need to be fixed to ensure that you have the credit rating you deserve. In order to do this you will need to know what to do about this problem.

Here is a list of things you should look for on your credit report:

1. Look for things that are out of date, usually the credit reporting agency will remove items that are over 7 years old such as lawsuits, late payments to accounts, and other bad credit issues. Also check and make sure that bankrupsies have been removed that are older than 10 years old. Also get rid of credit inquiries that are over two years old.

2. Check to make sure tht your name is correct, that the phone number and address that they have for you is correct and that your employment information is correct as well.

3. Be sure if there is a bankrupcy listed on your credit report that it is identified by the chapter number you filed.

4. Be sure that there is no lawsuits or accounts which do not belong to you, or that any of the accounts you closed are not open. You also want to ensure that any payments that they say are late are not ones you actually paid on time.

5. Be sure that if an account is only listed one time on your credit report if it is yours.

6. If you did close an account be sure that it says it was closed by you.

Once you have checked out your credit report, you will need to have any problems reinvestigated, nowadays you can do that at the website of each of the credit reporting agencies. It can be done quickly by saying that you want to dispute the item and telling them briefly why you are disputing this item. If you havent heard from them after waiting 30 days then send them a letter to tell them that you have made the request and ask them to move the process along,

Keep in mind however that Credit bureaus do not automatically remove an item however in most cases they will remove it if it is more of a problem to investigate than to leave it on your report. If they do find that the bill or the payment information does belong to you, you may contact them to discuss it further. If that does not work, you can add a summary to your credit report that will be seen by anyone who asks to see your report.

This is a list of things that you should consider when you are designing your budget before you start trying to fix your credit.

Step 1: Create a Daily Expenses list, which should include everything that you spend for a month, no matter what it is, no matter how small you should keep a list for everything you spend, every day of the week.

Step 2: Debts

• Mortgage or Rent: This should include second mortgages or home equity loans you have to make monthly payments on.
• Utilities: This includes water, electricity, cable, telephone, internet, sewer, trash and any other utilities.
• Transportation: If you have a car this includes loans, insurance, maintenance, and gas. If you do not have a car you should include bus, train or planes that you take on a regular basis.
• Daycare: This includes any payments you make for child or elderly care on a regular basis for your children or any elderly persons in your care.
• Alimony or Child Support: If you pay these out you should list them here.
• Education: Whether you are paying for you or your child's education it should be listed, tuition, fees and books.
• Personal Loans: Loans made to you or to a consolidation company should be listed here.
• Legal Fees: If you pay a lawyer or accountant put them here.
• Medical Fees: any outstanding bills after insurance payments should be listed here.
• Insurance: Include homeowner, medical, dental, life, legal, and disability here.
• Credit cards: Any credit cards you have whether credit cards from the bank or from the gas station or from your favorite store should be placed here.
• Taxes: If you owe back taxes it should be listed here
• Miscellaneous: If you have other bills that do not fit in any of the above categories list them here.

Step 3: Income

• Gross Pay: From your employment whether through an employer or through income you earn through self employment. Dont forget to also list your taxes, social security, union dues and anything else that is withheld from your pay.
• Bonuses: If you make a regular bonus list it here, if you get one on performance only list it after you have recieved it, that way you dont count it as income until it actually is.
• Dividends and Interest: If your bank or stocks you own pay you in Interest payments or Dividends list it here.
• Rentals: If you own property that your rent or lease add them here.
• Trust: if you get payments from a trust fund you should list them here.
• Child support or alimony: If you recieve these payments add them here
• Pension and Retirement Funds
• Social Security
• Public Assistance
• Any other income.

By keeping track of these items you will be able to create a budget that works for you and eventually start working on your building credit goals as soon as possible.

Many people worry on a daily basis about credit, especially in today's economy, families are trying to build enough credit to buy homes, cars, necessities, do home repairs in an age where unemployment is running rampant. Therefore with a few quick fixes and tips you should be able to get a grip on your credit enough to make those purchases a reality even during the worst of economic times.

Step 1:

Budget, Budget, Budget, did I say that enough times, I think so. If you really want to fix your credit and are serious about credit repair, the very first thing you will need to do is to come up with a financial budget. Good personal finance comes from your ability to set a budget and stick to it. During about 2 or 3 months write down everything you spend money on. Then, if there are some things that you dont need or items that are not regularly part of your budget, or you are buying stuff you never use then eliminate them from your budget. I recently went to a friends house and she complained that she has no money, but while there I noticed that she has about 12 pairs of shoes, a purse and three or four outfits that still have the price tags on them. This is something she could have avoided, and used that extra money to pay off a small bill or clear out the balance on one of her credit cards to help clean up her credit.

Step 2

Once you have come up with a budget that you can live with, you will need to concentrate on cleaning up your credit report. This is a relatively easy task if you know what to do. Credit reporting agencies keep a record of credit cards, mortgages and loans that you have for the most part and your history of paying these. They sell this information to lenders, credit card companies, insurance agencies, credit unions, employers and in some cases even landlords, so that they in turn have a data base of credit worthy applicants that they can sell their products and services to.

Step 3:

If you find that your credit report has a lot of problems, there will be quite a few tips given at this site to help you out, however, if it is really bad then you may consider going to a credit specialist or employing the services of a lawyer who will be able to give you more indepth information about your credit situation.

These few steps should help you get your credit repair ball rolling and help you to work on getting your personal finances back on track. Check back soon for the next steps to credit repair.

Many times when a person starts a business it is usually just a small company owned by a solitary person (sole proprietorship) or by two or more people (a partnership). With a corporation, however it is the one seen as an individual even though it may be made of hundreds, maybe even thousands of people. This means that the corporation has its own rights and responsibilities.

To start a corporation, a form is filed, this is done by the Secretary of State in the state where the corporation is started. Like a person, it is a whole seperate entity from those who owns it, it is also responsible for all the debts that it creates. In fact, if the corporation fails and goes bankrupt, none of its stock holders will have to worry about the bank coming for their assets.

The corporation will give a piece of its ownership to anyone who invests through stock certificates which usually tell them how much of the company shares that they own. The corporation will keep a list of all the people who own it. These people may be called either stockholders or shareholders.

In most cases, the stock will have different classes, the preferred stockholder's will make a certain amount of money (cash divident), paid every year. With what is called common stockholders will need to pay their liability first. After the debt is paid if there is money left, the prefered stockholders are the ones who are paid first, then if there is anything left then common stockholders are paid.

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With the ever growing number of foreclosures currently happening due to the rise in the number of people who are unemployed and having trouble paying their mortgages, the number of short sales has also risen. With short sales people are able to avoid having thier properties foreclosed on, saving their credit score and keeping them from losing thier future credit privileges.

Short sale are where the lender will take the ownership of the homeowners property, however in this case the person who is the homeowner will not make any money from the sale of the home. For instance if you were to go into foreclosure, your home would be sold, in some cases if there is money left over after the lender has his cut or the amount you owe for your debt, then you may recieve the amount left from your short sale. However your credit score would take a nose dive and it would most certainly be a long time before you could by another, or anything else for that matter on credit.

However if you should have a short sale, the homeowner is not going to recieve money back if the sale of the home is more than the debt, however by doing this your credit score will not be destroyed, it may lower slightly but it will not suffer as much as if you had a foreclosure.

When buying a home, you may want to consider purchasing short sales, because a lot of times the lender is not trying to make a profit on the home, thy simply want the money they put into the home. When there is a shortsales a lot of times you as a buyer may actually walk away from the home with huge savings, which means that you can afford a lot more home for your dollar.