January 2018


A Guide to Rebuilding Your Credit After Bankruptcy

Prior to filing bankruptcy, you may have felt like it was the end of the world. The good news is that once you’re bankruptcy is discharged you can begin rebuilding your credit.

This will be difficult at first, but with time you’ll be able to get approved for new credit cards and raise your credit score.

See Where You Stand

If you haven’t done so recently, start by checking your credit history to see where you stand. Having a starting point can help you track your progress as you work to rebuild your credit.

Pull Your Credit Reports and Check Your Credit Score

You can order copies of your credit report and check all of your credit reports. This way, you can confirm that all your accounts are reported accurately or not.

Check your credit scores to mark your starting point. Don’t be discouraged by where your credit score is right now.

It’s normal for credit scores to be low right after bankruptcy. With the right steps, you’ll raise your credit score and be able to qualify for credit cards, loans, and more.

Start Rebuilding Your Credit

Get New Credit

Rebuilding your credit requires you to actually get credit opportunities. You’ll have open, active accounts with positive payment history to start improving your credit score.

Of course, the difficulty of building your credit score is actually getting new accounts. Many creditors and lenders are hesitant to grant accounts to people who have recently filed bankruptcy, but there a options available for you.

A Secured Credit Card

A secured credit card is a type of credit card that helps you rebuild your credit. It’s easier to get a secured credit card after bankruptcy because the security deposit is collateral for the balance you charge. You can get a secured credit card with a deposit as low as $200, depending on the card issuer you choose. A larger security deposit will give you a higher credit limit.

When you’re choosing a secured credit card, make sure you choose one from a reputable company that reports to the major credit bureaus. Beware of credit cards with high fees and interest rates.

Get a Cosigner

If you have a friend or relative who is willing to help you get a credit card, it will improve your chances of getting approved. The cosigner’s good credit history can make up for the fact that you have a bankruptcy on your credit report.

Keep in mind that your credit card usage affects both of your credit, so make all the monthly payments on time.

Become an Authorized User

If someone does not want to get a joint credit card with you, perhaps they will be willing to make you an authorized user on one of their existing credit cards. As an authorized user, you have the privilege of making purchases on the credit cards, and you’re responsible for the payments.

Once you’ve been added, the account history will appear on your credit report and be factored into your credit score. As long as the account has a positive history, it will help improve your credit score.

You don’t have to piggyback on someone else’s credit forever. As your credit score improves and your bankruptcy ages, you’ll be able to qualify for credit on your own. Make sure you’re paying what you’re supposed to, and be sure the payment record is being sent credit bureaus.

Make Safeguards For Yourself

You don’t want to quickly land in debt again, so you need to make sure that you have safeguards in place to protect yourself. Some things,

Establish a Good Credit Record

Getting new credit is only the first step to rebuilding your credit after bankruptcy. Once you have new credit, you must make your monthly payments on time and keep your credit card balance low.

These are the two most important steps for building and rebuilding your credit score.

Charge only a small amount on your credit cards and pay your balance in full each month. Avoid using your credit card any time you can’t afford to pay it off.

Keep Your New Applications to a Minimum

While you do need to get new credit to start rebuilding your credit score, you don’t want to go overboard. Opening new accounts can hurt your credit score and put you at risk of getting back into debt.

Pay Your Bills on Time

Stay on top of all your bills, not just the ones that report to the credit bureaus. Making timely payments is the most important part of your credit score.

If you fall behind on other bills they could also wind up on your credit report as debt collection accounts. There are several ways to stay on top of paying your bills if you are worried you might miss payments.

Avoid Making the Same Mistakes

A good credit score is an essential part of strong finances. Don’t think of bankruptcy as the end of the world, but rather a chance to start over and do things better the second time around.

You can rebuild your credit after bankruptcy by getting new credit and making all your payments on time. If you are cautious, it is likely you won’t run into the same issues that led you to bankruptcy the first time.

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What Influences the Value of the Euro?

When you invest in the Forex market, it’s important to be aware of the key factors influencing the value of a currency, so that you can better anticipate price movements. Top Forex brokers offer many currency pairs that you can trade online, from the majors like EUR/USD and USD/JPY to minors such as GBP/CAD and exotics, including USD/SEK. The currency trading platform provides advanced trading tools, enabling traders to make smarter, more informed decisions.

Among the most traded currencies are the US Dollar (USD), Japanese Yen (JPY), and the Euro (EUR), which is currently used by 19 of the 28 members of the EU. The authority in charge of the monetary policy of the Eurozone is the European Central Bank, or ECB. The ECB’s primary goal is to maintain price stability within the countries comprising the EU’s monetary union, achieving a Consumer Price Index (CPI) of about 2%.

What are the most influential factors affecting the value of the Euro?

#1 European Central Bank

As the ECB effectively manages the Euro, its decisions are among the most important factors in terms of triggering volatility on currency pairs containing the EUR. The ECB determines the level of key interest rates, the implementation of quantitative easing programmes, and common financial rules, among other issues. The ECB is therefore responsible for the availability and the cost of the EUR in the global economy, which influences the value of the European currency.

#2 Inflation Rate

As the ECB’s goal is to maintain inflation of approximately 2%, it’s important to monitor all economic statistics related to prices, since they enable you to understand how close the ECB is to fulfilling its core objective and to anticipate its future actions. The CPI is the most important figure, but other reports such as the Purchasing Managers’ Index (PMI) also offer clues about future changes to the rate of inflation.

#3 Growth Figures

The overall economic output of Eurozone countries is a vital criterion for Forex traders, as they tend to invest in strong currencies linked to strong economies with stable political environments and large growth potential. Gross Domestic Product (GDP) is the most common measure of the net total of goods and services produced by a country or a group of countries.

Always remember to follow an economic calendar, so you’ll know when ECB members are due to speak, or when important statistics are about to be released. These releases can trigger higher volatility, influencing trading conditions such as spreads and margins.

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The best apps for forex trading

Over the last seven or eight years, everyone seems to have suddenly transformed into an amateur Forex trader. What was once a mystical and secretive profession, understood by few and conducted by financial whizz kids on the trading floors, is all of a sudden something that anyone can do. How has this come about? Quite simply because today, we have the technology, and it’s right there in your hand.

The right tools for the job

Back in 2010 or so, there were perhaps a handful of online trading platforms. These were specialist online resources that the average man or woman in the street would not have touched with a barge pole. Now, here we are in 2018, and there is an immense choice of smartphone apps just waiting to be downloaded, many of them for free.

What could be simpler? Well, before you put the order in on that yacht, bear in mind that there is more to making a success of forex trading than just downloading an app. While the technology opened up the possibilities to everyone, forex is still a complex discipline. You will not get anywhere without a reliable broker, so check out a site like to find one that will get you off to a good start.

After that, you will need to become fully conversant with the different forex indicators including RSI, MACD, moving average and all the rest. Only when you are comfortable among the graphs and the acronyms should you think about putting your skills to the test. Here are three of the most popular forex apps that will help you to do so.


It’s impossible to discuss forex apps without mentioning Metatrader. Probably the best-known app in the world of forex, it has been around forever, and has consistently topped the rankings among professionals, amateurs and brokers. Even MT4 comes with an impressive array of tools and indicators, and many still prefer this version to the newer and more powerful MT5 update.

Trade Interceptor

If MetaTrader is the forex version of Microsoft Windows, you could argue that Trade Interceptor is the Apple Mac. Scooping the 2012 Forex Magnates Best Mobile App award was no mean feat, and with 150 tools and indicators, live price streaming and 14 different chart types, you definitely won’t be bored. Ifthere is any hole to pick in it, it would be that

there is no tool for adding custom indicators of your own.


And now for something completely different. The clue is the name. Robinhood sets out to stand up for the masses by allowing them to trade on the markets alongside the rich and famous – and what’s more, it doesn’t charge you a penny. No fees, no commissions, nothing.

There must be a catch, right? Well, you can get almost any software for free using open source and this has similar drawbacks. In short, it was designed and built by a team of talented students, and there is no hiding the fact.

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Using Claims Auditing Services To Watch Self Insured Retentions (SIRs)

Carriers are seeing a lot of their policyholders converting much more of their traditional insurance policy to SIRs using the excess carriers attaching at greater amounts of coverage. Excess carriers who don’t regularly use claims auditing services to watch the procedure might be departing themselves available to additional and unnecessary expenses or liability.

SIRs And Claims Auditing Services

Policyholders use SIRs to lessen insurance charges. Some policyholders create internal claim departments to handle the claims, although a lot of employ TPA services to complete the job. Either in situation, the surplus carrier has less control of the way the policyholder’s claims are now being handled compared to what they would with a classical “dollar one” insurance program.

With increased people active in the claims process compared to traditional programs, there’s a larger opportunity for error. The TPA services provider and also the policyholder are safe from large claims through the excess policy, however this can leave the surplus carrier shouldering the responsibility if claims are now being compensated incorrectly. A strong that gives claims auditing services examines the whole TPA operation and systems to ensure that everybody involved understands the claim servicing agreement and it is administering it correctly.

Get Yourself Ready For The Audit

The regularity and want for claims auditing services is determined by the problem. Recently created SIRs ought to be audited more established ones to make certain the procedure will get began properly. If past audits have proven a lot of concerns, audit frequency ought to be elevated. Because the system becomes stabilized and reliable, audits can be carried out less frequently. Many carriers utilize pre-binding audits – that’s, delivering an auditing firm directly into audit the TPA services provider before they bind coverage, instead of discovering unhealthy news after coverage continues to be placed.

An audit begins lengthy prior to the auditors be visible on site. TPA services differ and also the audit ought to be customized towards the particular claims organization and policyholder, and also to the particular requirements of the carrier. Types of information the auditor should gather in advance include (but aren’t restricted to): the claims department business chart, staff resumes, staff authority levels, reports for example pending claim counts and productivity levels, diary system, the newest loss runs, etc. With this particular information in hands the audit could be tailored to become as accurate and comprehensive when needed.

What Claims Auditing Services Providers Search For

Claims auditing services ought to be performed onsite to provide auditors an opportunity to meet and communicate with claims staff making it simpler to evaluate when the level of skill is suitable towards the number and kinds of claims handled.

The audit should concentrate on the speed and precision of every aspect of claims handling, including initial introduction of the claim in to the system, analysis, litigation management, processing, payment, and recoveries. Although a lot of claims are routine, claims adjusters will be able to recognize and take care of issues like secondary insurance, third-party liability and fraud when faced using these within the daily workflow. The audit from the TPA services provider ought to be centered on making certain the firm is within full compliance using the claims service agreement and it is performing the process of claims management in compliance with recognized industry standards and operations.

Claims auditing services may benefit everybody: the carrier, the policyholder and also the TPA services provider. The audits keep your system working efficiently and affordably, and reduce the risk of errors and unnecessary liability.

The best in business accounting company would be the one that would handle your specific needs in the right manner. The audit firm singapore would be your best bet for all kinds of accounting needs. They have been serving your needs for a significant length of time.

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