Ways To Money

Question: hi. I had a consumer proposal that i filed in 2005. i had 3 years of payments, which i did, and it is listing on my credit report as discharged in 2008. how long before this disappears completely, or how do i go about getting it taken off, as it is difficult to rebuild our credit, when we cant get any. thanks for your help

Answer: Each credit reporting agency in Canada will handle this differently.  In general, a consumer proposal will remain on your credit report for three years after the date of discharge.  So, if you completed your payments in 2008, the proposal should drop off your credit report at some point in 2011.

You can start rebuilding your credit by borrowing small amounts of money.  For example, you can get a secured Visa card; you put $500 or more on deposit, and you get a credit card with a $500 limit.  It appears on your credit report as a normal credit card, which is a positive sign for future lenders.

In addition, save money, and keep all of your regular monthly bills current, and you will gradually repair your credit.

In mid-January, Seychelles’ Vice President Danny Faure made an official visit to Oman. The threat that piracy poses to sea trade was one of the most significant issues on the agenda.

Faure was accompanied by Foreign Minister Jean-Paul Adam and director general for trade Melanie Stravens. During the 2-day visit, he had talks with Omani Deputy Prime Minister Fahd bin Mahmud al-Said.

According to the Office of the Vice-President, Oman and Seychelles have enjoyed long-standing diplomatic relations, and now the 2 jurisdictions are expanding their trade relations.

It should be reminded that Seychelles has bilateral agreements with Oman for air services and double taxation avoidance (DTA). Also, the 2 countries have agreements for the tourism and fisheries sectors signed in 2002 and 2010. A memorandum of understanding has been negotiated by the Seychelles Chamber of Commerce and Industry with its Omani counterparts, and it is to be signed soon.

In 2011, the Electoral Commissioner’s Office will register voters in larger districts electronically. A pilot system will be used by the registration officers to make the procedure easier and quicker.

Commissioner Hendrick Gappy expects an increase in the number of people registering to vote in this year’s election because of the new system. Voters will have to show a national identity card to the registration officer and they will receicve the necessary information from them. As a result, a certificate will be produced more quickly than with the manual system.

The election date has not been announced yet, but it should be before the end of May 2011.

If there is one thing that irks most of us, it is the burden of taxes. Unfortunately, there is not much we can do to get away from it. But if you are allowed to find a way without paying any taxes on profits you are making, then I am sure, all of us would jump in the opportunity.

One such opportunity is financial spread betting. It enables you to take home your revenue totally intact since the government doesn’t consider spread betting to be trading within the true sense of the term and deem it as being pure speculation. That can be a is good news, it needs to be remembered that financial spread betting can be risky business and really should not be attempted by people who cannot take sudden losses while trading. This financial spread betting is unnerving enough even going to seasoned and sophisticated investors who want to indulge in some trading when a while mainly because of its tremendous capability to thrill you in addition to plunge you into despair almost immediately.

If however, you are conscious of the technicalities of financial spread betting and may spare hard cash, then you can take a chance in the market and spread bet on one or more indices, stocks, bonds, currency or even commodities and if you happen to call right, you may make handsome gains by investing hardly any capital. I

Full Post…

Imagine you’re rich. Super rich. Now, imagine you want to build yourself a clubhouse. Fun game so far, huh?

This clubhouse will be built in the middle of town, only you don’t want to have to pay for it. So, you convince your neighbors to pony up their money to pay for your shiny new clubhouse. Well, not so much convince as blackmail. See, if they don’t give you money to pay for the clubhouse, you will leave and take the town’s prized tourist attraction because, well, you own that, too.

So, they agree to build your clubhouse. Once built, you charge your neighbors an exorbitant fee to enter the clubhouse.

Sounds like a rotten deal, huh?

Interestingly enough, that’s exactly how most city stadiums are built. Sport teams are no doubt a huge part of a city’s culture (indeed, the Cincinnati Reds, DotLoop‘s own hometown team, won their division last night and clinched the playoffs, causing all sorts of excitement in the city), but often, the city never really owns the team. Or the stadium that is built by public tax dollars.

But don’t stadiums bring in revenue for the city? Yes and no. Yes, they bring in some new tax dollars, but no, not enough to offset the cost of building the stadium.

The bottom line: sports teams are great for a city or region’s culture and helps them brand themselves, but when private teams reap most of the benefits, shouldn’t they be the ones paying for the facilities?

Of course, the resale is where the real money is at. Just ask Detroit, w

Full Post…