Archive for August, 2009

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High Yield Investment Programs August 31st, 2009

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HYIP – High yield investment programs. As the name suggests these programs offer high yield for your investment.

Why/How do they pay their members?

Every site is involved in some kind of program which requires investment to make profit. The best way of getting money is to borrow. Banks are a risk as they have high interest, so in turn they become the banks and offer members different plans of payment depending on their amount deposited. They generally have a wide variety of plans that are offered to its members.

All the owners of HYIP use the money they receive to deposit in shares, stock market, property, forex and many other money earning programs. From the profit they are making they give their members the promised incentives. There are even programs which don’t deposit in any program (These are the programs which are likely to turn scam).

HYIP is a very risky program. You can say it is almost like gambling, if your luck is good you will find the right program which will fetch you profit. If your luck is bad you will end up losing all your money. It is clearly advised for anyone to deposit money which you are willing to lose. You cannot look into HYIP as a solution to your financial status. This is really a high risk involved program. Members who have extra cash, which they are ready to risk, only should take part.

Before joining a HYIP always do a bit of background check on the site.

Look for proper contact details and see whether the support is responding properly for your queries about their investment plans or not.

Next there are number of monitors that are available on the net which constantly monitor these sites. So you can search in them to see the honesty of the site. There are sites which are in the market for more than 6 months also. The few other things is the look of the forum, their interest rate (should be reasonable and not hiked only to attract members).

Last but not the least you are solely responsible for your investment in a HYIP. So be wise and choose the right programs to invest, make use of the monitors.

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$1000 Same Day No Fax Payday Loans August 30th, 2009

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A $1000 payday loan can help you navigate an emergency situation, pay for an unexpected bill or finance your monthly bills. A no fax payday loan in particular is a short term cash advance loan that requires no faxing. In other words, the entire application is completed online with no faxing required. Online payday loan lenders, who offer no fax payday loans are able to process loan applications in 24 hours or less.

What Are Same Day Payday Loans?

Same day payday loan or 24 hour payday loans are available to people, who need loans for emergency situations. The loans require that you have a stable income and employment. You must be employed with the same employer for at least 3 to 6 months. This tends not to be a problem for most applicants. You must also earn $1000 after tax deductions in order to qualify for a loan of $250 or more. If you are applying for a $1000 payday loan, your monthly income will have to be greater than $1000. Your payday loan lender can give you more information.

What Are No Fax Payday Loans?

No fax payday loans referred to as “faxless payday loans” are convenient and require less processing time. In addition, it takes up less of your time. Imagine the time it takes to complete a paper application, fax pay stubs, bank statements, etc. No fax payday loans minimize or eliminate the faxing of documents.

$1000 Loan Requirements

As indicated, most payday loan lenders require that you have steady employment. This lowers the risk factor of the loan. In addition, you must be 18 years or older. The amount of your next incoming paycheck is also important. You must be able to show that you can pay off your loan with your subsequent paychecks.

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The "Credit Card Debt Termination" Scam August 29th, 2009

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“Legally terminate credit card debt! You can be debt-free in 4-6 months!” Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It’s called “Credit Card Debt Termination,” and victims are paying $1,000s for this bogus service. One victim I spoke with lost more than $15,000! In this article, I’ll review the principles behind this program and explain exactly why it’s a scam to be avoided.

First, let’s get our definitions straight. The scheme I’m describing here should not be confused with Debt Consolidation or Debt Settlement (also known as Debt Negotiation), both of which are legitimate and ethical methods for debt resolution. The easiest way to distinguish the Credit Card Debt Termination scam from other valid programs is based on the central claim that you really don’t owe any money!

With Debt Consolidation, you pay back all of your debt balances. With Debt Settlement, you pay back a lower amount (usually around 50%) while the creditor agrees to forgive the remaining balance. However, with the bogus Credit Card Debt Termination program, promoters claim that you won’t need to pay anything at all (except their outrageous fees, naturally). They make the surprising claim that you can legally wipe away your debts simply by using their super-duper magic documents. Based on some legal mumbo-jumbo, the claim is made that you really didn’t borrow any money from your creditors!

In order to understand this scam, a little background is necessary. Remember the tax protest movement back in the 1970s? People were claiming that the IRS tax collection system was unconstitutional, and based on their misinterpretation of the tax code, they refused to pay taxes. The IRS came down hard on the tax protest movement, and through the court system, they blew holes in all the legal arguments put forth by the protesters. The Credit Card Debt Termination scam is a lot like the tax protest movement. In fact, among collection professionals, it’s called the “monetary protest movement.”

Just like the tax protest movement, there is a common theme that runs through all of the promotional materials issued by the monetary protestors. The basic idea is that our Federal Reserve monetary system and generally accepted accounting principles (GAAP) do not permit banks to loan out their own money. Therefore, according to their interpretation, the credit card banks are the ones running the scam on the American public.

Stay with me here, because the logic is pretty strange. If a bank cannot lend its own money, how does a credit card bank extend credit? The claim here is that your credit card agreement itself becomes a form of money (known as a promissory note) the moment you sign it. The idea is that the bank “deposits” your agreement as an asset on their books, and then any credit you use is offset as a liability against that asset. In other words, the core concept here is that you literally borrowed your own money from the credit card bank.

So let’s say your balance with ABC Credit Card Bank is $10,000, which you borrowed against the card to make everyday purchases. The scam promoters say all you need to do is notify the bank that you want your original “deposit” back. However, you will permit the bank to offset the amount you borrowed against the amount you have on “deposit.” Presto! You don’t owe the balance anymore!

Now, as you can imagine, the banks don’t take kindly to such tactics. Many of the consumers using this technique are getting sued by their creditors. But the scammers have more tricks available, as if the “smoke and mirrors” financial nonsense wasn’t enough. One of their techniques is the use of bogus “arbitration” forums. Arbitration is of course a legitimate system that allows businesses and individuals to resolve disputes without going to court. What do the scammers do? They coach people on how to set up a fake arbitration forum, for the express purpose of making a dispute against their creditors! Naturally, the creditors will not send representatives to some non-existent arbitration forum, so the consumer gets to rubber-stamp their own arbitration award. If they get sued in a regular court, they present their bogus award to the judge in the hopes that the creditor’s lawsuit will be dismissed.

There are other techniques used by promoters of this scheme, but the key point to remember is the central claim that your credit card debt does not really exist. Of course, it’s all nonsense based on a misinterpretation of our monetary system, and if you step back and think about for a minute, the truth seems pretty obvious. What these scammers are saying is that the entire $700 billion credit card industry is operating on an illegal basis! Even if the legal theory used by the promoters were true (which it isn’t), do you think for a moment the government would allow this giant industry to go under? That’s exactly what would happen if the promoter’s claims were proven true and used on a widespread basis.

The Federal Trade Commission, which has jurisdiction here, hasn’t stomped on these con artists yet, but it’s only a matter of time. Unfortunately, in the meanwhile, consumers are being bilked out of millions of dollars for a worthless program that will only get them into deep trouble with their creditors. If you are approached by someone offering to wipe away your debts using this system, I strongly recommend you run in the other direction while you hold on tightly to your wallet or purse.

Remember, you can eliminate your debts if you take a disciplined approach to your finances, make a budget and stick to it, and don’t use your credit cards unless you can pay off new balances in full each month.

Good luck in your financial future!

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Top Ten One-Year MBA Programs August 27th, 2009

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One-year MBA programs are perfect for people who already have a master’s or graduate degree in a complimentary subject and for those who cannot afford to spend two years of their life in school or far from their families. Whatever your reason may be, here is a list of some of the top one-year MBAs around the world.

Northwestern University

Kellogg School of Management

Location: Evanston, Illinois, USA

Program: One-Year MBA

Ranking: #5 by US News and World Report, #3 by BusinessWeek, #19 by Financial Times

Description: This 12-month program at Northwestern focuses on core courses during the summer and electives during the following year. The program is tailored for students who possess an undergraduate or graduate degree in business.

Tuition: One-Year MBA Program $58,580

INSEAD

Location: Fontainebleau, France or Singapore

Program: MBA

Ranking: #7 by Financial Times, #9 International by the Wall Street Journal, #6 by BusinessWeek

Description: INSEAD offers two campuses and two start dates. Students can choose to apply to the European campus in Fontainebleau, France or to the Asian campus in Singapore. In addition, there are two start dates – July and January. The program lasts 10 months and is divided into 5 periods that include core and electives courses.

Tuition: Fees for self-sponsored participants €48,800; Fees for company-sponsored participants €65,000

Instituto de Empresa

Location: Madrid, Spain

Program: International MBA

Ranking: #11 by Financial Times, #12 by The Wall Street Journal, #6 by Forbes

Description: The International MBA at Instituto de Empresa lasts 13 months (November – December) with a pre-program/orientation session that starts in September and includes an intensive Spanish course. The program includes core courses, electives, forums, optional business Spanish lessons, and projects.

Tuition: €45,000 + €1,050 (contribution to the IE Business School Foundation)


Cornell University

Johnson School

Location: Ithaca, New York, USA

Program: Accelerated MBA

Ranking: # 14 by US News & World Report, #13 by BusinessWeek, #29 by Financial Times

Description: Cornell’s One-Year Accelerated MBA program lasts 12 months starting in May and graduating the following MBA. This program is specially designed for individuals who already possess a graduate degree in a technical, scientific or quantitative field. It requires strong quantitative skills and professional work experience.

Tuition: $62,600 USD

Cambridge University

Judge Business School

Location: Cambridge, United Kingdom

Program: MBA

Ranking: #15 by Financial Times

Description: The One-Year MBA program at Cambridge starts in September and ends in August with the culmination of an individual project. The program includes core courses, electives, a Cambridge Venture project, a global consulting project, and an individual project. One thing that distinguishes this program from the rest is its location at the heart of Silicon Fern – a concentration of new high-tech and bio-tech businesses.

Tuition: MBA Program £28,000 College Fee £2,000


University of Oxford

Saïd Business School

Location: Oxford, United Kingdom

Program: MBA

Ranking: #19 by Financial Times

Description: Oxford’s one-year MBA program starts in October and ends in September. The program includes core courses, electives, and an entrepreneurship project. Most of the core courses focuses on quantitative subjects such as Finance, Economics, and Decision Science, while electives include marketing, entrepreneurship, private equity and other subjects.

Tuition: MBA Program £28,000 College Fee £3,000


ESADE

Location: Barcelona, Spain

Program: One-Year MBA

Ranking: #24 by Financial Times, #2 International by the Wall Street Journal, #7 by BusinessWeek

Description: ESADE’s one-year MBA program lasts 12 months starting in April. The program requires that applicants have a business or economics undergraduate degree or an engineering undergraduate degree with significant business experience. The program is divided in 5 modules, which include core and elective courses along with Spanish lessons.

Tuition: €42,500


Emory University

Goizueta Business School

Location: Atlanta, Georgia, USA

Program: One-Year MBA

Ranking: #20 by US News and World Report, #23 by BusinessWeek, #33 by Financial Times

Description: The One-Year MBA program at Emory starts in May and lasts 12 months. Admissions requirements include that applicants have a business or economics degree, or an engineering degree and business experience. Applicants should have strong quantitative skills and significant work experience. The program focuses on core courses and electives with the majority of core courses being completed during the summer.

Tuition: $56,220


University of Florida

Warrington College of Business Administration

Location: Gainesville, Florida, United Kingdom

Program: Traditional MBA – One-Year Option

Ranking: #37 by US News and World Report, #13 Regional by The Wall Street Journal, #6 by Princeton Review

Description: Besides a tradition two-year and online programs, the University of Florida offers two options for its one-year MBA. Option A is designed for students from all majors. This option lasts 12 months and focuses on core subjects and electives. Also, option A offers a 1/3 scholarship to all students. Option B is designed for business majors who completed their bachelor’s within 7 years. This option lasts 11 months and focuses mainly on electives.

Tuition: Option A Florida Residents $9,602 Out-of-State $29,397 (including 1/3 scholarship).

Option B Florida Residents $9,602 Out-of-State $29,397


Babson College

Location: Boston, Massachusetts, USA

Program: One-Year MBA

Ranking: #41 Overall (#1 Entrepreneurship) by US News and World Report, #1 Entrepreneurship by Financial Times

Description: Ranked as the top MBA in Entrepreneurship, Babson offers an MBA program that starts in May and lasts 12 months. This program requires that applicants have a business undergraduate degree and at least 2 years of professional experience. The program focuses on core courses during the summer months, and allows students to choose their electives during the following two semesters.

Tuition: $48,668

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