National HUNTER the anti-fraud system

The National HUNTER system is an anti-fraud data sharing system for use by members of the Financial Services Industry

When a financial institution rejects an application for credit, they usually advice you to contact the three credit reference agencies; Equifax, Experian or Call credit to find out the information they have on you. This can be obtained for £2.00 by post or slightly more expensive if you require an instant online copy.

What can be difficult to understand is when your credit record with these agencies is clear and you have still been rejected! This could be as a result of the individual financial institution’s credit scoring policy however this also could be due to a search conducted on the National Hunter system

National Hunter is run by Lenders and does not assess credit in the same way as the other credit reference agencies; its sole aim is fraud prevention. National Hunter warns a lender of a potential application fraud.

Application fraud is when an individual or group of individuals apply for financial services and knowingly misrepresents facts within their application. The Case can be declined as suspect for things like:

An application is made and the applicant deliberately fails to disclose previous address information as they have adverse financial information present at that address
An applicant inflates their annual income to obtain additional borrowing.
An applicant impersonates another person after obtaining personal information about them and applies in their name.
An application submits Inconsistent applications to different lenders
If there are a number of changes of salary or employer over a short period of time
An applicant uses different spellings of names and/or there is a change of dates of birth

As with all the other reference agencies, you do have a right under the Data Protection Act to know what information is held about you on file. There is a cost of £10.00 for this. Information on how to obtain a copy of your file can be found on www.nhunter.co.uk

Safaraz Ali

Safaraz Ali "NVQ Training Provider, Pre-employment Training, Worklessness Programmes, Flexible New Deal,Work Choice, Golden Hello, NVPT+, Specialist Support Provider, NVQ Assessing Vacancies, Assessors Training, A1 Training, V1 Training, PTLLS training, IOD" - Business Networking on Ecademy

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The property slump- It’s not over

The property slump- It’s not over.

After taking heavy losses in the dot com crash, many investors moved their funds and efforts into the commercial property sectors, believing their asset allocation would be diversified and that this would be a much lower risk asset to hold. For several years this move paid off handsomely. Capital Values and rents were also pushed up. The global financial; crisis and that came about from mid 2008 and the subsequent recession has hit commercial property hard.

There are many global property projects that have put on hold; many landmark buildings that have been put on sale have had considerable reductions in price to secure a sale. There is presently a murmur in the media of some green shoots of recovery and that the worst is over.

I think that the opposite is in fact more probable; that the worst is yet to come. The trouble that is brewing for the sector is the financing issue for the commercial property sector. There are many deals that are taken on initial commercial bridging or short term rates of around 2% above bank base rates and these deals will need to refinanced over the next year or so. The issue is that the value of the property is significantly below the value of the debt outstanding – a negative equity situation which will clearly mean that the borrowers will be unable to refinance their deals. The banking sector could be hit further if they do not allow the loans to roll over on their current deals.

Private Landlords National Register

Every private landlord in England will have to sign up to a national register before they can let their properties to tenants. The Department of Communities and Local Government plan to take forward a number of proposals from the independent review into the private rented sector carried out last year for the government, known as the Rugg Report.

One of the main aims of the legislation is to crack down on rogue landlords who fail to undertake essential repairs or improperly not returning deposits would be struck off the register and barred from letting their properties. Another main advantage of the legislation is that Revenue and Customs (HMRC) will be given access to the database , which will included the names and addresses of the landlords and all their properties therefore cracking down on the tax evasion that is widespread in the private rented sector.

The 7 Major Errors in Finance

A number of crucial errors can expose a business to severe difficulties and can lead to the business trading insolently and eventual liquidation. The following is not an exhaustive list however one that lists the major faults. The key task for any business is to identify, and then to develop a strategy to overcome and mitigate the exposure.

1. Excess Borrowing!

2. Wrong type of Borrowing, there are many options for a business to borrow or raise finance and can range from overdraft, business loan, factoring/invoice discounting, asset based lending, leasing/hire purchase, payroll financing, merchant cash advance, private finance/angel investment. The business needs to decide on the best source for price and stability for the business.

3. Borrowing over the correct period - particular risk for a business is to borrow over too short a period where the cash flow of the business will suffer.

4. Not Realising that cash flow is king! It is a sad fact that many profitable businesses fail due to cash flow issues.

5. Excessive Spending. There are many business owners who have a view that they need to have the image of a successful business to gain success - big offices, high end equipment, vehicles. There is also poor control over costs - staffing, poor efficiency and productivity and lots of wastage.

6. Inadequate contribution/ investment from owners (shareholders). The owners of a business contribute by not taking out too much profit (dividends) and also investing further capital if required. Too many businesses when they are successful take out as much money out of the business as they can which makes it difficult for the business to innovate and grow.

7. Failure to manage risk - growing too fast, bad capital investments, insuring inappropriately against perils.

Biggest Business Opportunity in 2009

A fantastic opportunity to earn £50,000 a year plus by setting up your own business in Financial Claims Management with no upfront capital outlay.

What is claims management?
Claims Management is the process by which compensation is obtained for clients involved in accidents, work related injuries, employment issues as well as financial products which have been mis-sold. The Claims Management business has evolved from being regarded as 'ambulance chasing' in the early 90’s to being a multi billion pound industry.

Size of the general claims market?
The size of the entire claims markets is huge as it encompasses: Personal Injury, Housing Disrepair, Employment, Criminal Injury, Industrial Injuries and our specialist sector -Financial Services.

According to DataMonitor the Personal Injury Market alone will have 775,958 claims in 2011/12 and be worth 8 Billion. The figures on Industrial Injuries are huge as well as there are a large number of claims relating to asbestos and mining issues. Jim Beresford the Principal Solicitor at Beresfords which deals with the Miners Compensation Scheme has earned over £16 Million annually for the last few years.

In our area of operation -Financial Services claims market, a small number of firms dominate including Brunel Franklin, Claim2Gain. The rewards on offer for those who are able to build a business of scale are huge. Brunel Franklin has won over 100 Million in compensation for clients and based on their average fee of 25%, they have made £25 Million in fee income over three years.

The Business Opportunity

This opportunity to start a financial claims management business with no capital outlay is for anyone regardless of background or experience who is motivated and serious about making money. In the past this has been attractive to Mortgage brokers, IFAs, Estate agents- mainly businesses which have an existing client database.

What do we do?

1. CLEAR debts: Credit Cards, Store Cards, Unsecured Loans, Secured Loans, HP Finance, Car Loans/Finance, Overdrafts, Seek compensation against Mortgages,
Without the need of Bankruptcy, IVA, Debt Management or Consolidation and therefore without adversely affecting the credit rating of the client.

2. Reclaim mis-sold Payment Protection Insurance (PPI), Business Bank Charges and Mortgage Arrears Fees

Background Information

On 29 June 2006 the Office of Fair Trading (OFT) published guidance on how provisions of the Consumer Credit Act 2006 may be used to protect consumers. The provisions relating to unfair relationships between borrowers and lenders came into force in July 2007. This new act updates the Consumer Credit Act 1974. It aims to create a fairer, clearer and more competitive Consumer Credit market and to improve protection for consumers. The Act enables borrowers to challenge credit agreements on the grounds that the relationship between the parties is unfair.

What does this mean?

Key changes to The Consumer Credit Act 1974 (“the Act”) means that some Credit Cards and Loans issued before 6th April 2007 could be totally “written off” through our legal process as a result of unfair relationships i.e. invalid, unenforceable or fundamentally flawed consumer credit agreements.
Many lenders/institutions may have failed to have internal systems robust enough to ensure adherence to the strict requirements of The Act in relation to agreements.
If a credit agreement is found to be unenforceable the agreement could be cancelled and no further payments made, any goods purchased would not have to be returned and in many cases payments that have been made under the agreement would be returned
The following as previously mentioned are just some of the agreements that may fall in to this category • Credit Cards • Car Loans/Finance • Unsecured Loans • Secured Loans • Consolidation Loans • Hire Purchase • Store Cards.
It is estimated that as many as 50% of Credit/Loan Agreements in issued may be unenforceable. We have solicitors on hand to check credit/loan agreements between £5,000 and £25,000.
As mentioned above - It is possible to: (a) legally have credit card/loan balances 100% written off without affecting your credit file at all.(b) Reclaim the charges/interest paid on the debt!

Take a look at the link below with a quote from a judge and a statement that failure by a lender to observe strictly the intricate requirements of the Consumer Credit Act can lead to a credit agreement being completely unenforceable with no right of restitution or other form of relief:
http://www.4-5graysinnsquare.co.uk/practiceareas/index.cfm?id=1582

Is there a Market?

With approximately 50 million credit agreements created in the UK each year and an estimated 20 million PPI policies currently in force in the UK, the potential for this business is staggering. This business is predicted to be many times bigger than personal injury claims and is already proving to be very relevant to the current climate as people are eager to get their debts written off.
In a recent press release, a Halifax client claimed she was told she should take out payment protection insurance (previously referred to ASU- accident, sickness and unemployment cover) on a loan when she went into a branch on crutches while off work.
The 43 year old hospital worker, who had a major knee operation says that she went into her local branch to apply for a loan when her wages dropped by 50% after being off work for 6 months.
Despite already being off work and her medical condition not being covered under the policy, she claims she was told that she needed to take out the policy!

This is just one recent example of a reported case. There are many other examples of mi-selling and fines that have recently been declared. In October 2008, the Financial Services Authority (FSA) fined Alliance and Leicester or £7 million as it sold 210,000 policies between January 2005 to December 2007 without advising customers of the cost of PPI.


Final thoughts.....

It is my belief that this is the right proposition for the right time, the market that we are in is
increasing on a daily basis with the continuation of the credit crunch, people are falling into
mortgage arrears on a monthly basis, incurring bank charges on a daily basis.

This proposition is likely to find favour with potential customers as customers are keen on services where they can either make/save money. Our initial product offering is all about getting customers money back or reducing their debt. We are tapping into this thinking and therefore we have the basis for a business of scale and one that can be durable.

If you are a confident, self-motivated, sales driven individual who can give dedication and commitment, then you will receive:
Initial training and one to one management support. All future back office support is provided.
Opportunity to build your own team.
Opportunity to work for your yourself - with uncapped earning potential (earn what you want).

For further details please send me an email accompanied by your CV to:

info@easy4life.com

Struggling to pay outstanding Tax Liabilities?

Do you have unpaid tax liabilities?

Struggling with debt is a financial burden many people suffer from. If you add to this the worry of paying overdue taxes as well, then the problem only seems to escalate. It is now possible to obtain the expertise of a specialist adviser to deal with such issues.

The specialist tax consultants that I am referring to have been working with many of the regional tax offices and have successfully put in place payment plans for the majority of referred clients covering most aspects of outstanding tax liabilities.

It is due to their success, that I have been encouraged to support their continued expansion.

The specialist advisers and administrators work to assist people in financial difficulties,especially self employed or ex-self employed struggling to pay their tax liabilities in full.

The advisers have taken several years to learn the basis of managing tax liabilities and they have utilised HMRC own training manuals to produce a comprehensive fact find that ensures that they deal with unpaid tax in a professional and factual manner.

Please contact me on info@easy4life.com and I will duly pass on your details to the specialists.


Please note that:
Individual and Corporates are required by law to pay their tax liabilities in full and on time. The aim of the specialist advisers is to assist taxpayers who genuinely,after assessment, cannot pay their outstanding tax liabilities as opposed to tax payers who simply won't pay.

Merchant Cash Advance Services in the UK

A NEW WAY TO RAISE UNSECURED FINANCE FOR YOUR BUSINESS DURING THE CREDIT CRUNCH

If you or your client has a Merchant Account client, then you need to be aware of a new innovative way in which a Merchant Account Consultant can assist you or your clients at this difficult time.

• A new way of refinancing your business via your Card transactions
• Savings for your businesses on your card payments
• Reduced rates/fees for businesses new to card payments

We are all aware that it has become much more difficult for business to obtain finance. Using a Merchant Account Consultant is the solution - They can organize a no hassle, easy to obtain Cash Advance against future receivables on Credit and Debit Card transactions. The money can be used for any purpose and there is no security required whatsoever. As long as the business is currently processing Card transactions then you are eligible.

In addition, by specializing in saving businesses money on the cost of processing credit and debit card transactions you will referred to receive a free consultancy and advisory leading (in most cases) to considerable savings and the business would retain 100% of any savings made.

For more information please email to info@easy4life.com