Lenders loan money. They try not to give it away. Places that give it away are called charities. If you fall behind on your payments, you will learn quickly that banks aren 't charities. Lenders also like to look at your payment history. Some people pay every payment on time. Banks love these people. They are considered low risk. Their credit scores are high. Everyone smiles when they think about these people. Some people pay every payment. They 're just not really very picky about when they get it paid. Banks kind of like these people because they get their money and make a little extra from late fees. They create extra work for the bank employees, but at least they get more money for their troubles. Other people eventually pay the loan, …show more content…
But, at what cost? Sinister predators are ready to take your last stash of cash for promises they cannot deliver. There are honest and reputable companies out there who want to help you and truly can. However, chasing the unsuspecting homeowner, are liars, crooks, and thieves. Firstly, loan modifications in California are regulated by the California Department of Real Estate. The DRE has given license to mortgage professionals to modify a loan, but they must deposit the client 's upfront payment into a trust fund. Until the modification has been performed successfully, the loan provider may not touch the money. If the modification cannot be done, the check is to be returned in full to the client, devoid of any service fees. Check with your state 's real estate regulators for special conditions and operational laws for the home loan modification companies. As you search for a home loan modification company, regard these three red flags as a warning that you may fall victim, rather than victor: 1: Watch for a written or verbal guarantee that the modification will be successful. The negotiating process is done through private banks, each holding their own set of criteria for candidates. The loan modification company may guarantee a diligent effort , but can not promise the outcome. 2: If a processing fee is attached to the contract, walk away. It is likely to be in fine print at the bottom of the contract and the processor will assure you that it 's just a safety measure and will not be used. The homeowner is counciled that they will qualify for the new loan, and when that doesn 't happen, the company returns the client 's check, minus the deposit,whereas the modification reps have just earned their real income. Skirting around culpability, the scammer says that the homeowner failed to provide sufficient documentation, hence their rejection for the
It is normal practice for financial companies to charge consumers with credit history issues higher interest rates. It is justifiable because consumers with credit history issues that have had problems paying other creditors back in the past are more of a credit risk. Mortgage subprime loans are no different. Subprime loans become an ethical issue when financial companies use unethical practices to make subprime loans just in order to make more money.
Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
The United States’ welfare system is designed to help its citizens live regular and full lives with all the opportunities that higher class citizens are exposed to and to help the unemployed look for long-term work so financially, they can become stable. This assistance is very beneficial (especially to the lower class) but annually, thousands of cases of welfare fraud are committed. The poor do not realize that this program does them the favor and is not a requirement by the government. The welfare system is a great assistance to the needy but these programs do not enable the receivers to become motivated to get off the program; instead it makes them more dependent towards the welfare system and receivers tend to want more and more assistance as time goes on. If welfare fraud continues to occur, the United States should let the people that absolutely need it receive their assistance regularly and target those who need it less and make the qualifications for welfare more complicated and tedious so to make it harder for those to receive welfare benefits, to help prevent welfare fraud, and to make people less anxious to apply for welfare if they don’t need it as much.
Eggs came first. Millions of years before mammals, eggs existed, their hard shells unlike her mammalian sister who waddles around, heavily crippled with the burden of her womb. Eggs conferred evolutionary advantage.
“The true soldier fights not because he hates what is in front of him, but because he loves what is behind him” (G.K. Chesterton). A soldier is a soldier no matter what. If they fight behind a screen, on the front line, or from a controller as long as they’re protecting this country, the people in it, and the people fighting for it they are honorable. Some think that because one does their fighting from a remote control drone means that they have no understanding of war, and in some ways that is true, but they are still taking someone’s life when they choose to press that button just like the solders on the front line takes someone’s life when they pull the trigger. Both people are fighting the same fight: they love the country they are defending the people in it they just do it from different standpoints. Drones
Millions of Americans work full-time, day in and day out, making near and sometimes just minimum wage. In 1998, Barbara Ehrenreich decided to join them in part by the welfare claim, which promises that any job equals a better life. Barbara wondered how anyone can survive, let alone prosper, on $6-$7 an hour. Barbara moved from Florida to Maine to Minnesota, working in the cheapest lodgings available and accepting work as a waitress, hotel maid, house cleaner, nursing home aide, and Wal-Mart salesperson. She soon realizes that even the lowliest occupations require exhausting mental and physical efforts and in most cases more than one job was needed to make ends meet. Nickel and Dimed reveals low-wage America in all of its glory, consisting of
Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up
Imagine being involved in so much pain and misery, pharmaceutical tests, vaccine tests, Military experiments and training and brain experiments. 125,000 primates are imprisoned in US laboratories every year. In order to take the Primates at a young age from their natural habits, trappers will shoot the mothers from the tree, shock the animals with dart guns and capture the babies who are still clinging onto their dying mother. Do animals not deserve to be cared for the same way people care for other people? In laboratories, primates go through series of experiments that lead up to their death. 90 percent of primates in laboratories develop psychological issues. After being taken from family, Primates are locked in a small steel cage and left to be alone. At most the primates are given cheap plastic toys, scratched mirrors and occasional fresh fruit such as an apple or banana. Primates will eventually begin to
Have you ever wondered how some athletes have gotten so good at a certain sport? Have you ever thought about what they did in order for them to get this good? For some the answer is simple; workout and train. But for others the answer is different; the use of performance enhancing drugs such as steroids. There are some people that argue that steroids should be legalized and allowed in professional sports. Other people argue that steroids should not be allowed. Today I am going to state my opinion and justify my reason. Steroids should not be allowed in professional sports because it can be very dangerous to the athlete’s health, it is a way to gain and un-fair advantage and it can be dangerous in both social and physical aspects.
Credit cards are something that are almost needed in everyday life now, as most dont have the money available to purchase a car or house and so need credit, thus needing credit cards to help build that credit. Those cards are hard to handle, and receiving applications in the mail daily, and commercials appearing on television don’t seem to make the struggle of staying away any easier. This starts to spark an interest. So people begin to think, "I think I 'm responsible enough to get a credit card, I 'll only use it for emergencies." Then the application process begins and it may take a couple times to finally be approved for one. This only makes it worse, of course, because realizing how long a credit card wasn’t applicable to life, but now
Over the years, the cost of college tuition has been one of the central issues limiting students, like me, from obtaining the best education that one could receive. Usually, this results in students settling for a school nearby rather than being able to have the choice to go to the best one in which they were accepted into, due to such skyrocket prices. Much of this problem or concern has to do with out-of-state tuition being much higher than in-state tuition, sometimes almost doubling the price of in-state tuition! Therefore, students are more pressured to remain in state rather than go to out-of-state schools that may offer a better education.
Iv'e been a semi-professional musician for over a decade now, but have yet to trash a hotel room, snort drugs from a strippers behind or destroy a television in a fit of adrenaline fuelled madness. So basically, the movies lied to me. Of course, even those amongst us who've never dreamed of picking up a musical instrument have probably wondered what it would be like to go all rock and roll on an old CRT television because not only does it seem like an incredibly cathartic exercise, it just looks so damn cool! And there's nothing worth watching these days that you can't get online anyway. So the new “Rebellion in your Pocket” campaign by AllTogetherNow for Virgin Money really hit a nerve with me, because it largely consists of TV's being destroyed in spectacular fashion.
Since women are naturally maternal and nurturing they obtained the role as the family’s primary caretaker, while the men became the providers for the home. For centuries these gender roles were strictly stuck too. Women stayed at home and did house work as their husbands went out and had a career. Thankfully, society is starting to shed this ideology on gender roles. More women are starting to work proactively in the “mans world”, but they are straining to advance to high executive positions throughout corporate companies. A lot of this is due to a women’s fertility. While the stereotype of women being strictly housewives has diminished, the mentality that women are too maternal is prevalent in business life. Due to this outlook women are perceived to be unable to take on the stressful pressures business prevails, giving reason to why for years women were only secretaries and clerks in business where they received little room for progression in their careers. A great deal of reasoning behind this struggle is due to the Great Man Theory. Author of “Inequality Between Genders in the Executive Suite in Corporate America: Moral and Ethical Issues” Dean Elmuti, describes this theory as society’s perception that men are the superior beings and should be the protectors and providers, while women are weak, helpless and should stay home to raise the family (1). Consequently, this view has led to an increased emergence of men as business managers and the leaders of the country, thus defending the male dominance in the corporate industry, but also preserving the discrimination against women entering the business domain. This theory and mentality that women can’t handle business life is infuriating. However, what is more distressing is due to...
Gambling involves taking a risk. It’s something that gets our adrenaline pumping. Believe it or not, money is one of the major things that makes the world go round and some of those believe that money does indeed buy happiness in our lives. We all have heard the stories of those who have won thousands to even millions of dollars just by gambling and we instantly think that could be us. If some random person can be that one in a million, surely I can be too, right? Even though gambling is a fun thing to do, it is important to be aware of the kinds of gamblers that exist in today’s society and realize that gambling should be played in moderation. For instance, some variations of players include: The Social Gambler, The Professional Gambler, and
Truly this is exactly why there is so much hate in this world. Every single person on this earth is "damaged" and every single damaged person fails to realize that they are not alone. This world consists of large masses of bodies lashing out at everyone around them. Many lashing out of fear that their trauma will repeat itself if they don 't hold up this fierce barrier between them and the rest of the world. This tends to create these large balls of negative energy fueled by anger, pain, sadness, fear, jealousy, and ultimately... hate. Eventually that energy will come crashing down. I 've said for several years now that we will be the one 's to end our entire world. We will, at some point, be the reason that the human