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Should I Hire a Divorce Lawyer?

In an ideal world, you and your spouse sit down and discuss the terms of your divorce settlement amicably. 

You reach a quick resolution on property division, child custody, child support, and spousal support.

It goes to the courts and the judge signs the divorce decree and you both move on with your lives.

While that can happen, experience suggests that it usually doesn’t.

At some stage in the process, it is likely that a divorce lawyer, such as the ones at Amiri Family Law is probably going to be required. Let’s break down the reasons why this is usually the case…

Uncontested divorces

If you and your spouse largely see eye to eye on the terms of the agreement, you can go ahead with an uncontested divorce.

You make agreements yourselves on all the main items in a divorce settlement (property division, child custody, child support, and spousal support).

This is generally best for all parties concerned – it involves minimal expense, can pass through the court system in a matter of weeks or a couple of months, and is less stressful for any children involved.

Even in cases where you don’t see completely eye to eye, you may not need a lawyer. A mediator can step in to help you resolve outstanding issues. While this can be a lawyer, it doesn’t need to be.

A mediator can help you reach a workable solution that both parties are happy to sign. As long as it is legally binding and takes into account the best interests of the children (if applicable), the local courts will usually approve it without the need for lawyers.

You may not even have to appear in court in an uncontested divorce.

Keep in mind that one potential pitfall with not hiring a lawyer is that important aspects of a divorce can get missed. 

For instance, when dividing property, you may forget to divide the pensions that you’ve earned, which are often a major slice of the assets in a marriage that has lasted for many years.

Contested divorces

The problem is that even seemingly “perfect” uncontested divorces can turn sour.

When couples separate and divorce, the emotions involved can cloud judgment, raise tensions, and lead to unwise words and actions that cause serious disputes.

The involvement of lawyers at this stage can have one of two effects:

  1. The merest mention of a lawyer by one of the spouses actually fans the flames of discontent and further raise emotions
  2. The legal representatives of each spouse meeting and working towards an agreement is a comfort that eases the tensions.

If you do decide to hire divorce lawyer Barrington, make sure that you ask plenty of questions during the initial consultation to ensure that:

  • You understand whether the lawyer prefers mediation and settlement out of court or litigation 
  • You are hiring an experienced lawyer with a great track record of results for clients

Make sure that you communicate your preferences to your lawyer and arrive at a strategy that will achieve what you want from a settlement without it being dragged endlessly through the courts.

Remember that your spouse will also have hired a lawyer. Much will depend on their strategy too.

If their lawyer is open to meeting and negotiation, it may be in your interest to follow suit. A quick resolution is nearly always better for the wellbeing of your children, as well as your own peace of mind.

Collaborative practice is often a good strategy in these circumstances. This is where both spouses commit (sometimes in writing) to reach an agreement with the help of their attorneys rather than going down the path of litigation.

Sometimes, however, the differences are too great for a settlement, leaving litigation as the only remaining option. In such cases, Chicago Family Attorney may need to be hired.

Litigation is generally in nobody’s interest but if one (or both) of the spouses find it impossible to settle out of court, a judge will need to decide.

Divorces where lawyers are recommended

In addition to the above scenario of a contested divorce where there is no possibility of a settlement out of court, hiring a lawyer is normally necessary for the following situations:

  • Where there has been mental, physical or sexual abuse in the marriage
  • Where the children are at risk from physical abuse
  • Where you are living in fear of violence
  • Where your spouse is being evasive or lying
  • Where property has been taken by your spouse
  • Where anger, frustration, and animosity dominate the marital relationship 

Where there is a threat of physical violence, your lawyer will be able to help you obtain a restraining order as well as with arranging your divorce.

To hire a lawyer or not?

So, do you need a divorce lawyer based on the above information?

There is a chance you can arrange it all yourself though this becomes less likely if:

  • There are children from the marriage
  • The marriage is of long duration
  • Considerable assets were accumulated during the marriage
  • Emotions are running high, such as in cases where adultery has caused marriage breakdown
  • There has been violence or the threat of violence within the marriage

Failure to hire a lawyer for your divorce settlement in these circumstances can end up costing you – not only financially but in terms of high stress levels and wasted time.

References:

https://family.findlaw.com/divorce/do-you-need-a-divorce-lawyer.html

https://freedomlaw.ca/2017/12/11/8-signs-you-should-hire-a-canadian-divorce-lawyer-and-skip-mediation/

How to Beat a Sexual Assault Charge

If you’ve been unfairly charged with sexual assault, it’s important to speak to a lawyer before you say anything to the police that could jeopardize your position.

If you believe you haven’t done anything wrong, it can be tempting to make statements to that effect.

Avoid doing that until you’ve called your lawyer.

An experienced sexual assault defense lawyer, such as the attorneys at the Law Offices of Patrick L. Hancock will guide you on how to beat a sexual assault charge, depending on the circumstances of your case.

Certain defense strategies are proven to be effective and some of these are covered below.

What is sexual assault?

Sexual assault is unwanted sexual contact. It is defined as “any non-consensual sexual act proscribed by Federal, tribal, or State law, including when the victim lacks the capacity to consent.”

This may include:

  • Sexual battery (fondling, kissing, or other unwanted bodily contact)
  • Rape (forced sexual penetration)

Individual state laws further define sexual assault.

Build a strong defense

All sex crimes are treated very seriously in the U.S. – even more so in recent years, where several high-profile cases have grabbed media attention.

While it is right that such crimes are subject to strict laws, false allegations can have devastating consequences on lives – even if they do not result in a conviction.

Your best chance of beating an unjust assault charge and clearing your name is to go through the circumstances of your alleged crime and arrest in fine detail with your defense lawyer.

Your lawyer will assess all the evidence against you. The foundation of your defense will often be based upon one of the following:

  • You admit committing the alleged offense but it should not be deemed a criminal action due to circumstances (e.g. it was consensual).
  • You were not present at the time of the alleged assault and possess an alibi for when the crime reportedly occurred.
  • Mistaken identity – a crime was committed but the victim mistakenly thought it was you.
  • You had psychological problems at the time, preventing you from understanding the significance of your actions.
  • Lack of intent – the law requires intent to convict someone of sexual assault. However, this is generally a weak defense because, except in a few cases, it is difficult to justify being close enough to “accidentally” touch or penetrate another person without intent.

Sexual assault law is rarely simple black and white, and cases are seldom “open and shut”. They can be complicated with a lot of “gray area” that is open to interpretation. 

Many cases are “he said, she said” and the judge must decide who is telling the truth.

These types of crimes can be difficult to prove and there is latitude in the law for a good defense lawyer to protect you if you are unjustly charged.

Most of the defense strategies listed above are quite self-explanatory but the affirmative defense strategy (based on circumstances and consent) deserves a little more consideration…

Affirmative defense

Affirmative defense is one of the most effective defenses against unfair sexual assault charges.

Often, these defenses hinge on the notion of consent, which the prosecution must prove in order to earn a conviction.

An act without consent can involve:

  • The use of force to compel another person to participate
  • The use of threats against the alleged victim
  • Knowing the person is unconscious or unable to resist
  • Intentionally impairing a person’s ability to understand what is going on

With affirmative defense, your lawyer will argue that the sex act was consensual. You are therefore not pleading guilty to a crime; you are explaining that the alleged victim consented to the act.

Often, the arguments in such defenses include the following:

  • At the time of the alleged offense, the defendant was married to the alleged victim.
  • There was no use of force or threats, and no duress used
  • The defendant was not over three years older than the alleged victim (in statutory rape cases)

Cases involving children

Sexual assault cases against children are especially harshly dealt with by U.S. law. 

Consent is not a consideration in these cases because a child under the age of 17 is not able to provide consent.

However, as alluded to above, in statutory rape cases a criminal offense is only committed if the person accused is more than three years older than the alleged victim. 

So, a 17-year old boyfriend of a 15-year old victim will not generally be prosecuted for rape. This is called the “Romeo and Juliet” exemption.

Another possible defense against child sexual assault is mistake age, where the defendant had no way of knowing that the victim was below the age of 17.

For charges of online solicitation of a minor, cases often hinge on the issue of who was using the defendant’s computer at the time.

Aggravated sexual assault

In certain circumstances, a sexual assault case may be classed as “aggravated”. Some examples include where:

  • Firearms or another deadly weapon were used
  • Serious physical injury is caused
  • An attempt is made on the victim’s life

Beating an aggravated sexual assault charge is extremely challenging if the evidence is strong.

It’s sometimes possible to disprove the aggravating element without beating the underlying sexual assault charge. Your punishment will be reduced but there will still be serious consequences.

It’s serious… obey the golden rule

Jail time, fines, loss of reputation, and the possibility of a lifetime appearance on the sex offender’s register…

Sexual assault convictions are serious. They may be treated as a felony and, even if you are not convicted, the charges can stain your reputation for years.

The golden rule, if you want to beat a sexual assault charge, is to hire an experienced defense lawyer and follow his or her guidance to the letter.

Experience in defending such cases is irreplaceable.

References:

https://www.nealdavislaw.com/criminal-defense-guides/sex-crime-charge-defenses.html

https://jerrytidwell.com/information/faq-defense-law/sexual-assault-texas/

https://www.justice.gov/ovw/sexual-assault 

What Kind of Loan is Right for You?

There have never been a larger number of types of loans available. From car loans, to property loans, business loans and short term loans – the options really are endless.

Because of the creation and prevalence of the internet, the way in which we apply for and take out loans has changed entirely. Although it’s still entirely possible to go into offices and banks to take loans out if this is what you’re comfortable with, it’s now far more accessible to either go online or sort out loans over the phone.

The problem is, with the development of different types of loan, it can be incredibly difficult to know which is best for you. Of course, it typically depends on your financial situation and what the loan is actually for, but even then, it can be a little confusing.

Today, we’re going to be taking a look at the ins and outs of various loans, the reasons behind seeking them, and will hopefully help you to decipher which type of loan is right for you.

 

Why Might I Need to Take Out a Loan?

There are such a wide variety of loans available, that it’s first important to know exactly why you want or need to take the loan out in the first place. For example, the loan you need to pay for a car isn’t the same as one you’d take out in order to make home repairs.

Here are just a few of the typical reasons why one might apply and take out a loan:

  • Buying a home – which is typically referred to as a mortgage.
  • As aforementioned, to buy a car.
  • Again, in order to make home repairs or renovations.
  • Small business loans and grants in order to launch a start up.
  • To pay for a holiday.
  • To pay off debts.
  • Any other sort of large purchase.

So as you can see, the spectrum of borrowing is fairly varied.

 

What are the Different Types of Loan?

Although there are a wide variety of different loans you can take out – from your mortgage to financing a car – they all tend to fall under two specific categories.

The first of these are Unsecured Loans. If a loan is unsecured, it typically means that you don’t have to provide the lender with a form of security – which tends to be an asset of sorts, say your car, for example. With this type of loan, you very simply borrow the cash and pay it back at a fixed rate over an agreed number of months usually.

The second is a Secured Loan – which as you can probably guess, means you have to provide the lender with security in the form of an asset like your car or home. The risky thing about secured loans, is that if you fail to pay them then the lender or bank has the right to repossess the asset you provided them with – which ultimately means you could result in losing your home in a worst case scenario. This is why, generally speaking, unsecured loans are safer and more agreeable.

 

Can We Narrow It Down Even Further?

So, we’ve established the two main category of loan – secured and unsecured. But which loans fall into which bracket? Well, we’re going to provide you with a general list of what kind of loan each would typically be:

 

Unsecured Loans:

  • Certain types of loans for debt.
  • Small business/generic business loans.
  • Social loans – also referred to as peer to peer loans.
  • Personal loans.
  • Loans if you have bad credit.
  • Guarantor loans.

 

Secured Loans:

  • Mortgages and home loans.
  • Finance on cars and other motor vehicles.
  • Bridging loans.
  • Logbook loans.

As you can see, unsecured loans are typically more common and are likely to be used for a wider variety of generalised loans, whereas secured loans are more specific.

 

Final Thoughts

To round things off, we’re just going to take a little look at some of the other things you should consider when taking out a loan.

The most obvious of these, and the one we’re going to cover, is your credit rating. It’s no secret that if you have a negative credit score, you could run into trouble when trying to secure a loan. Guarantor loans and debt consolidation loans are usually the ones most likely to be available to someone who has bad credit.

Basically, the better your financial record, the more choice you’re going to have when it comes to loans. With bad credit comes limitations, but it’s not impossible. Just be sure to do your thorough research before taking any sort of action.

Is It Possible To Get Out of Debt With An IVA?

If there is one concern that just about all people share, it is finances. No matter how much money you make or what your current financial situation is, there is always the risk of not having financial security in the future hanging over your head. This is why a lot of people try to secure themselves in any way possible. Some invest any money they have in stocks or real estate. Others try saving up in the hopes that it would ensure some financial stability in the future. But those aren’t always feasible options for a lot of people, especially if you are in debt. If that is the case, you need to first find a way out so you could start worrying about the future. 

One of the options people consider is an individual voluntary arrangement (IVA), but how helpful is it?

Can an IVA help you get out of debt? 

In a nutshell, yes, it can. An Individual Voluntary Arrangement is a way for you to pay off your debts to all creditors at a reasonable rate. It helps you avoid declaring bankruptcy, which can be quite problematic for your life in more ways than one. Bankruptcy can halt your professional life and cause all sorts of problems, especially in sectors like the legal and financial ones, and it can also make it impossible for you to get loans or mortgages. An IVA, on the other hand, spares you this trouble as you get to work things out by paying a very flexible debt, and it has a lot of benefits, too. 

How does it work? 

The individual voluntary arrangement is a binding statement that is legally documented between your creditors and yourself. It is considered as a form of insolvency that could help you get out of debt, but that means you will need to hire an insolvency practitioner to set the whole thing up and be responsible for managing how you will pay your creditors for a duration that could be as high up as 5 years. You should know, though, that you need to have a steady source of income so you could qualify for an IVA, or else the whole deal will probably not work out.

Will I lose any assets? 

This is most people’s main concern, especially considering how an alternative like bankruptcy can have you lose all assets like your home. With an individual voluntary arrangement, this doesn’t need to happen. But you should ask an experienced insolvency practitioner first to understand whether your home is at risk or not, because if you do own one, you might need to remortgage it so that the practitioners you hired could pay creditors using the equity released from the remortgaging. The IVA company or insolvency practitioners might elect to leave your home out of the arrangement, but that is not likely to happen. 

You will also get to keep other assets you possess, as long as they are not considered to be luxuries and surplus to what you need to live, like a vacation home. This means you can keep the car that you need to go to work, life insurance, and other similar assets to your name. 

Debts are frozen

As soon as your IVA is set up, all your debts will be frozen. This means you will no longer face any interest rates or have to deal with incurred charges. Also, any legal proceedings against you will be on hold, and your insolvency practitioner might even be able to pull that off before the individual voluntary arrangement goes through. So, that’s definitely a bonus because you will no longer need to worry about any of those disrupting your life.

Confidentiality 

One of the biggest perks of an IVA is the fact that it is confidential. So, no one needs to know about your current financial status or the fact that you have an IVA, except for your insolvency practitioner and creditors. This is, of course, unlike bankruptcy where it is made public in the local newspapers! With an IVA, the only people that find out are those you tell, and this helps spare you from any trouble at work or in your personal life.

Even your creditors can’t annoy you once the IVA is in place, which is quite a relief to any person in debt. Any creditors are bound by the IVA just as much as you are, and they can’t take any legal action against you as long as you meet your monthly payments. So, in short, the IVA is one of the best ways to get out of debt with little complications. 

Should You Fear Long Island Cash for Homes Buyers?

If you love the beach, Long Island should be on your shortlist of potential areas to settle. In this area, it does not matter what neighborhood you find yourself in, you’ll always be close to the ocean. However, you would also be close to Manhattan if you want to visit the Big Apple since it is just 45 minutes away by train.

So, it’s no surprise that properties in Long Island are selling like hotcakes. One drawback to being in demand is that it drives prices up. The cost of living will then follow, which means it can be quite expensive to maintain a home in the suburbs. It is also the reason why you find Long Island cash for homes transactions in the area.

It’s natural to be wary of unfamiliar things. The average homeowner thinks that there are only two options when selling their property– do it themselves or hire real estate agents. However, there is another option, which is to sell the house to an investor for cash.

According to the National Association of Realtors, cash for home transactions are not new. For instance, 20% of all closed deals were cash transactions as of March 2019, which was actually a decline from the 22% recorded in December 2018.

Long Island cash for homes transactions follows the same trend at the national level. More and more homeowners are trying out this alternative method, especially if they need the money right away.

For instance, Zillow said that the average property would sit on the market for 68 days. A lot could happen in those two months, but it is not uncommon for homeowners to slash their original price before the property is finally scooped up by an interested buyer.

 

Are Home Buyers for Cash Legitimate?

It’s one of the most common questions surrounding cash for homes. Yes, the transactions are legitimate. For one, they pay with cold, hard cash. There is nothing more valid than that.

Second, the entire process is quick. On average, you can get your money within the week. Even if the transaction is complicated, the companies will also give you cash within the month.

Here are some benefits of dealing with Long Island cash for homes transactions:

  1. You do not have to pay for commission fees
  2. You only deal with one company, and they will take care of the entire process
  3. The buyer will also shoulder the close cost
  4. You do not have to shell out money to make your house look good

The buyer does not care if your house is dilapidated or worn-down. If you list your home on the market, you need to invest in reno costs or curb appeal to get the most value from your house.

However, do not expect to get the full value for your home. You should also consider that these investors need to turn in a profit. Also, they will invest serious money to make some repairs and renovations to flip your house.

But do not allow them to undercut you. To avoid this, you need to do your due diligence to determine the mean price of homes in your neighborhood. Pay close attention to houses that recently sold, and have the same feature as yours.

7 Ways You Can Secure Backlinks For Your Website

Backlinks are crucial to building a reputation in the digital world. And it is not just important to help with visibility before your target audience, but also for the crawlers from search engines. In fact, Google confirms that backlinks are pretty important when it comes to organic ranking in SERPs.

For years now, people have been stressing on link building to be dead. However, the recent updates from Google and an ongoing rise in link building practices suggest otherwise.

Let’s have a look at some of the practices that experts refer to for link building these days.

1. Collaborate with Bloggers

As one of the most effective and economical methods to secure backlinks, blogger collaborations are also the easiest. However, professionals that act as a link builder to websites and other bloggers, suggest keeping a note of the active niche of the blog. The experts also point out that bloggers with higher influence over their audience are more beneficial for your website’s visibility. This is what these days, marketers often refer to as influencer marketing. Using a link building expert or a link building agency is also a great way to outreach bloggers for the purpose of backlinks.

2. Seek Testimonials

While backlinks from influencers and bloggers may be a good strategy, it still lacks imparting the trust value to a brand. Testimonials, on the other hand, can help your patrons identify you as a trustworthy professional. Moreover, if you can ask your existing patron to leave their feedback and review your business over social directories, you can score free backlinks from high-traffic forums, as well. Although these links may not help with improving the authority for your website, they can surely bring in traffic and improve your brand’s image.

3. List your Website on Directories

This one is helpful for local as well as global businesses that wish to expand online. Since Google emphasizes more on local listings for local searches, you can redirect your target audience and bring them to your business. By listing your business in various directories across the internet, you can secure a link effortlessly, that brings in high-quality link juice along with improving search engine ranks.

4. Consider Guest Posting

The most conventional yet effective mode of securing backlinks is still guest posting. However, the guest posting service has evolved concerning the continuous updates that Google introduces to its algorithm. When you publish your content on other domains, you get increased exposure while improving your branding returns. All that’s needed is to keep a check on Google’s recommendations.

5. Ask for Social Share Signals

One of the most effective tricks to secure backlinks that can bring in high volumes of potential patrons is to seek social shares. Free of cost marketing strategy, that also brings in the highest quality juice to your website, social links are promoted naturally. Additionally, social shares are also a metric for improved brand engagement.

6. Exchanging Links

Another possible method to secure links is to exchange them with other bloggers. Since backlinks are equally important for you as well as the domain that is offering it to you, it is rather easier to exchange them. Thus, improving your inbound as well as outbound links, which is a good way to improve your domain health.

7. Participate in Discussions

Lastly, you can indulge in public discussions. There’s a dual benefit to it- you can secure a backlink from high flux domains, along with, improving your brand’s involvement with your target audience. And it is needless to say, that a brand is only referred to as customer friendly if it involves regular communication with their patrons.

No matter what you wish to achieve out of your link building efforts, these tricks are sure to help with your marketing and SEO.

Is Life Insurance Worth Your Investment? Real Reasons As To Why It Is An Essential Investment

Many people believe in a happy go lucky life and thus never pay heed in investing in a life insurance policy. But have you ever thought- What will be the case afterlife? The future is unpredictable, and there are ample of premature death cases that occur throughout the year, but what if the person who passes away is the only breadwinner of the house? It may leave the family in a state of turmoil and financial crisis at the same time.

Investing in a life insurance policy is the solution for all such reasons. Life insurance policy is an essential financial paper to hold, but the reality is the other way round. A meager number of only 10% of people are insured, and others tend to overlook all the good reasons for being in possession of a life insurance policy.

Many people feel that investing in a life insurance policy is a waste of money; if you are someone of the same mindset then you need to read this article further to know the real reasons as to why life insurance is undoubtedly worth your investment:

 

It is a replacement for income

If accidentally, a bread earner dies, then the family has to face the losses and may also become financially unstable if they relied entirely on the deceased person’s income. To avoid such cases, buying a life cover may be a smart investment as it can replace the income and get your family members and adequate coverage for the same.

Getting life insurance will save your family members from suffering helplessness and will also not force them to extend their hands in front of somebody for money.

 

To settle the debts

If a person has taken any loan and if he dies, then it doesn’t mean that the debts will vanish away with the person. It is ultimately the family members who have to take care of the debts and will be required to repay the same. This may not be easy for the family members and may further cause a financial crunch. But if you have a life insurance policy left behind, then surely this can help your family members to make the repayments without suffering a financial crisis.

 

Mental peace

The future cannot be predicted; nobody has seen what will happen the next minute. But if you have bought a life insurance policy, then you can surely secure the future of your family members. This lets you have some peace of mind that even if you are not there with your family to safeguard them, the policy will surely provide them coverage and protection.

 

To meet children’s expenses

You might have big dreams of getting your kids enrolled for professional courses for a bright future. But if fate hits your footsteps and you are not lucky enough to see your children grow old, then getting them enrolled in professional courses may just be a dream forever. But it’s not the same case when you have a life insurance policy. Owning a life insurance policy will help in meeting the study expenses of your children, even if you are not with them.

 

Estate tax repayment

Estate taxes can be highly exorbitant, and thus investing in life insurance seems as mandatory in order to prevent utilizing the funds that you may have saved for retirement. It also prevents from jeopardizing your hard-earned assets just for paying the estate taxes.

Your family members may have a tough time coping with the loss, and on top of that, if such tax payments come in their way, it can leave them in an anxious state. So it is better that you sort out things beforehand so that your family doesn’t have to face such a situation.

 

Helps in supporting your business

Working in a 10 to 5 schedule may earn you a salary at the end of every month. But when you are in a business, then you may face ups and downs in your success graph. Also, when you have stakeholders with you, then they will be paid with the money of the life insurance policy even in your absence.

The death benefits of the life insurance policy will help in clearing off the debts in entirety, and the balance amount will be further handed over to the beneficiaries mentioned in the policy.

In other cases, when you are in a partnership with someone, both the partners must consider getting themselves insured. This is recommended so that due to fate, if one partner passes away and if your business suffers any losses, the other partner is not the one who handles all the financial liabilities single-handed. The policy will save them from holding the heavy and steep financial responsibilities alone.

 

An alternative to retirement plans

Who would not feel the need for their money to last till their last breath? By investing in a life insurance policy, one can have a continuous stream of cash flowing into their account every month. So consider investing in a life insurance product and avail the benefits of getting a regular income every month even after retirement.

 

Helps to deal with a financial emergency

Investing in term life insurance can also help you to meet financial emergencies. Life insurance products such as whole life insurance allow the buyer to avail of the benefits of permanent coverage until the owner cancels itself on their own. Thus it is a way to develop a cash reserve over time, which one can consider using at times of emergency or crisis.

 

Bottom Line

So these were a few reasons as to why it is beneficial in investing in a life insurance policy. Buying life insurance is just like a friend after your life that will take care of your loved ones in your absence.

You may have shoved a salesperson that might have been there at your doorsteps to sell a life insurance policy, but now since you know all the right reasons for being in possession of this policy, click here and get to know about the various life insurance products that you can buy suits your requirements. Do give it a thought and buy one soon!

Problems with your mortgage payments? Don’t delay, take action now!

Although defaults on mortgage payments have been steadily falling since 2008, there were still almost 300,000 filings for foreclosure in the first six months of 2019.

If you are missing your mortgage payments, it’s best to face the issue head on, as keeping your home free from foreclosure is paramount. After all, it’s not just the effect of foreclosure on your housing situation, but also on your finances. A foreclosure will cause your credit rating to drop, which may make it difficult to buy again, or rent, for several years. 

Your two main choices? Renegotiate or amend the terms of your mortgage or sell your home.

The first step, though, is to contact your mortgage provider the moment you start missing mortgage payments. It’s actually in your lender’s best interest to help you avoid foreclosure, and many have ways which can help you get through temporary financial problems.

Another option is to speak with a counsellor at the Department of Housing and Urban Development, and get advice on your budgeting or credit card debt which may be affecting the ability to pay your mortgage.

 

 §  Agree with your lender to amend the terms of your mortgage

Revised payment plan

You may be able to negotiate a revised repayment plan with your mortgage provider. With your lender’s approval, your overdue amount, plus your regular mortgage payment, can be spread across a specified period, say, 3 to 6 months until you become current and continue payments as usual.

Permanent modification to loan

A loan modification involves a permanent restructuring of your existing mortgage so that mortgage payments will be more affordable. This may include changes to the interest rate, changing from a variable rate to a fixed interest rate, or extending the length of the loan term to reduce the monthly payments due.

Refinancing

By refinancing, you can obtain a better interest rate and more affordable monthly mortgage payments. Furthermore, if you have enough equity in your home, you may even be able to secure a cash-out refinance loan to help pay off more expensive credit card debt.

Forbearance Agreement

A mortgage forbearance agreement typically stipulates that the mortgage lender will not initiate foreclosure proceedings provided you agree to and follow a plan to become current on your loan repayments. Although payments may be deferred during the forbearance period, you will ultimately be responsible for making up missed payments, plus pay interest, taxes and insurance.

 

 §  If you have to sell your home

If it’s not possible to agree to changes to your mortgage loan and you have to sell your home, the three most common workout methods are:

Regular Sale

If you’re not yet behind on your mortgage and your home is worth more than the amount you owe, you can find a suitable realtor and list your property for sale as you normally would.

“Short Sale”

If the value of your home is less than the total due on your loan, the lender may allow you to sell the property for less than what is owed–a “short sale”. The lender will lose money but if they can recoup the majority of their loan, it is preferable to a foreclosure.

Deed in Lieu of Foreclosure

Here you hand over the property deed to your lender and are released from all obligations of the mortgage, thereby relinquishing your home and any value associated with it. This allows all parties to avoid a lengthy and expensive foreclosure.

 

 §  Be smart

A last few words of advice. Being in financial difficulties makes people vulnerable. Always be wary of anyone offering assistance in exchange for an upfront fee or making too-good-to-be-true claims that guarantee mortgage relief. And go with a trusted realtor if you have to sell!

The Strange War with WHO’s Battle Against COVID-19

Countries outside China have not sent adequate case reports to WHO in time, while media has suffered an ‘infodemic.’ Instead of battling COVID-19, WHO was targeted as international coverage has relied on the selective bias.

 

“We now have a name for the disease caused by the novel coronavirus: COVID-19,” tweeted WHO chief Dr. Tedros Adhanom Ghebreyesus on February 12. “WHO chief Tedros Adhanom Ghebreyesus. He added: “Having a name matters to prevent the use of other names that can be inaccurate or stigmatizing.”

Recently, this critical task has been complicated by misguided media coverage and attacks against WHO, China and people of Chinese descent rather than the virus.

 

Infodemic versus epidemic

Last Saturday, WHO Director-General Tedros Adhanom Ghebreyesus urged global leaders to stop stigma and hate amid the virus outbreak. His comments in Munich followed reports that people of Asian descent have faced discrimination amid virus fears. “We will all learn lessons from this outbreak,” he added, “but now is not the time for reclamations or politicization.”

At the end of January, the World Health Organization (WHO) declared the ongoing virus outbreak a “public health emergency of international concern” (PHEIC). It is a technical term, but an important one referring to “an extraordinary event which is determined to constitute a public health risk to other states through the international spread of disease and to potentially require a coordinated international response.”

As WHO made clear, the PHEIC was not motivated by China, but the possible effects of the virus, if it would spread to countries with weaker healthcare systems.

At WHO, the concern was compounded when terms, such as “virus outbreak,” “epidemic” and “pandemic,” got blurred even in reputable international media. orse, too many other dailies and social media deployed biased and racially-coded terms, such as “Chinese disease” and “Kung flu.” Tabloid hysteria contributed to ugly instances of xenophobia, even racism against people of Chinese and Asian descent, while leading to bullying in schools, colleges, even universities.

During the 14th century, the Black Death led people to burn Jews, Romani and other vulnerable minorities. Such prejudice should have no role in the early 21st century.

Nonetheless, it was this misinformation on a global scale that compelled the WHO to declare the COVID-19 an ‘infodemic” on February 2. To track and respond to myths and rumors, the WHO began to identify the most predominant virus rumors and false prevention measures. Since international media shunned responsibility for evidence-based factual discourse, WHO had to allocate its scarce resources to do the job.

Stunningly, it took until mid-February for some of the world’s largest technology companies – including Google, Amazon, and YouTube – to get together, when WHO hosted a Silicon Valley meeting to discuss how to tamp down on misinformation about the virus.

WHO’s Andy Pattison said the “tone is changing,” as Big Tech is now starting to step up to combat fake news about the virus. Even then, while Apple and ridesharing giants Lyft and Uber were invited, they did not attend. Yet, they should have done so. In the concurrent weeks, the struggle against COVID-19 has gone hand in hand with a battle against the WHO and its executives.

 

How WHO and its chief were targeted                        

Since late January, almost 380,000 people have signed an online petition to the UN for the WHO chief to resign because he allegedly “solely believes” Chinese outbreak data. In contrast to allegations, WHO chief Dr. Tedros has initiated a review process to study the causes of the virus, while stressing adherence to WHO guidelines regarding pandemics.

The smear campaign is an ugly déjà vu. In 2017, Dr Tedros, a high-level Ethiopian health executive, succeeded Margaret Chan as the chief WHO. While he was considered highly qualified for the job and an innovative reformer in Ethiopia, his candidacy was attacked at the last eve of the WHO election, when odd stories surfaced about an alleged cover-up of cholera epidemics in Ethiopia. Reportedly, the allegations came from Lawrence Gostin, a US law professor who advised the rival UK candidate (and has recently resurfaced as a critic of China’s virus struggle).

In the UN, the African Union dismissed the allegations as an “unfounded and unverified defamation campaign.” Yet, once again, the old smear campaign stories have been recycled in media.

When attacks against Dr. Tedros went nowhere, the international spotlight focused on WHO Infections Hazards Director Dr. Sylvia Briand when she stated in early February that “we are not in a pandemic.” In WHO’s view, COVID-19 was an epidemic, she said adding that Chinese authorities had “been very transparent with WHO and shared almost immediately the sequence of the virus as soon as they had it.” Then she became a target for criticism.

In international media, COVID-19 has been reported as something of a systemic challenge against Chinese leadership, Communist party, and its leader Xi Jinping personally. Hence the screaming headlines focusing on politics rather than urgent international cooperation to contain the threat.

Seeking to stay away from political intrigues, WHO’s pandemic declaration requires strong evidence and relies on a tested six-stage classification, which starts with the virus mainly infecting animals with a few cases of animals infecting people, then moves through the stage where the virus begins to spread between people, and ends with a pandemic when infections from the new virus have spread worldwide.

A disease is not a pandemic just because it is widespread or even if it kills people. It must be fatal, infectious and international. The last pandemic was the 2009 H1N1 flu outbreak (swine flu), which is estimated to have killed around 150,000 to 300,000 people around the world. In contrast, COVID019 has so far resulted in 5 deaths outside China, despite weeks of diffusion.

 

Countries outside China failed to provide adequate reports to WHO      

In the early 2000s, China’s efforts to control SARS were criticized as the disease spread internationally before the global outbreak was subdued. A decade later, the Chinese response to Avian influenza (H7N9) was significantly faster, broadly praised and the disease did not spread widely. With COVID-19, as Dr Tedros has stated, China should be credited with identifying the virus in “record time,” sharing its genetic sequence quickly, and flagging potential international spread.

Yet, there is a strange discrepancy in the international coverage of the COVID-19. This coverage has systematically focused on China’s alleged conduct, while ignoring the actual conduct of many other influential WHO member states.

This discrepancy prevails even today, despite the news bomb of February 4, when WHO chief Tedros said that it was not China, but countries outside China that had proved slow in sharing complete information about cases. WHO was particularly concerned about the fact that, even after almost a month of international crisis and global alert, it had received complete case reports for only 38% of the cases.

In other words, a whopping three of five member countries had failed to provide adequate information to WHO in a timely manner. Those reports were vital to the global organization so that it could assess the true international scope of the outbreak, while broadening and deepening containment efforts.

“I don’t think it’s because they lack capacity,” Dr Tedros stated pointedly about these WHO members. It would be ideal, he added, if WHO would receive the most up-to-date information, not just from China but the rest of the world.

It was only after Tedros’s public statement that some member states began to share data with WHO. Meanwhile, precious time had been lost.

Even though these lost opportunities could result in potential secondary COVID-19 outbreaks outside China, international media has not yet asked the tough questions about the belated international cooperation outside China.

 

Selective bias?

Instead of focusing on the need for international cooperation, international coverage has produced a series of headlines against the WHO. On February 5, a day after Dr Tedros had urged countries to provide complete case reports, Financial Times reported that the influential WHO emergency committee member and veteran professor John Mackenzie “hit out at Beijing’s ‘reprehensible’ response,” and “accused China of not reporting coronavirus cases fast enough.”

The charge was not publicly supported by other committee members, nor by WHO executives. Moreover, the FT neglected to mention that the highly qualified Mackenzie also serves in Australian government’s Indo-Pacific Centre for Health Security, which plays a role in the U.S.-led Indo-Pacific initiative aiming to contain China’s rise, and is the co-chair of a major NGO, whose key partners include Pentagon’s Defense Threat Reduction Agency (DTRA), which compete “against Chinese influence.”

The tone of international coverage, even in the reputable media, still hasn’t changed. On February 13, Wall Street Journal released a new front-page story, “WHO Criticized for Virus Response,” that broadened the WHO criticism. It relied in part on critical quotes by both Mackenzie and Lawrence Gostin, the China critic who had tried to undermine Tedros’s candidacy at WHO. Free media has a right to critical views, but not to the lack of relevant context. Like other interviewees, both were portrayed as independent, disinterested, neutral observers. Furthermore, all interviewees represented experts from the U.S. or its allies. Not a single major Chinese health expert was interviewed.

Recently, the pattern has been typical to even reputable international dailies. Such purposeful selectivity fosters an impression that legitimate expertise is limited mainly to the critics of WHO.

 

What next?

With COVID-19, there are now (2 pm Wuhan time, Feb 17) over 71,000 confirmed cases worldwide, while the number of deaths is nearly 1,800 and the number of recovered exceeds 11,000.

And yet, the number of the confirmed cases and deaths has remained barely 800 and 5, respectively, outside China. While these numbers will continue to climb, the low starting-point suggests that China’s costly and draconian measures may have saved many lives within and outside China.

Moreover, the pace of contagion is changing in China. The relative increase of the accumulated cases has decreased since mid-January. While the pace peaked at almost 100% after mid-January, it has declined to zero (Figure). With new cases, the trend is even more discernible.

Figure   Rising Accumulated Numbers, Falling Relative Rates

Daily Increase of Accumulated Cases, Jan 10 to Feb 15, 2020*

Source: DifferenceGroup. Data from China’s National Health Commission

* Starting from February 12th, confirmed include not just tested confirmed cases but clinically diagnosed cases (which allows the infected to access treatment faster while containing them from the rest of the population). Yet, the statistical “bump” has not changed the trend lines.

While the data could indicate a possible turnaround in the virus outbreak, viruses can zigzag. But assuming data integrity and current trends, we may be witnessing a crossroads – despite politicized international coverage.

In China, the mortality rate (deaths/cases) is now 2.5% (less than a fourth of SARS and only a fraction relative to MERS), with most cases still in Hubei and its capital Wuhan. Outside China, the risk is even lower, less than 0.6%; barely four times higher than seasonal flu.

Due to the initial complacency outside China, there is a critical caveat now, however. If these countries fail to identify, monitor and contain their cases, the probability of secondary virus clusters can still rise, even soar.

Moreover, stumbling won’t help. Last week, plans to roll out COVID-19 testing kits to public health laboratories hit a snag in the U.S. when some of the labs validating the tests of the Centers for Disease Control and Prevention (CDC) got inconclusive results when running it themselves.

As WHO chief Dr Tedros says, there still remains a “window of opportunity” to stop COVID-19 from becoming a broader global crisis. Throughout the ongoing virus outbreak, he has admirably sought to foster an international battle against COVID-19. “The virus is a common enemy,” he says. “Let’s not play politics here.”

At the current pace, the confirmed COVID-19 cases could exceed 100,000 in a week or two and global resources should be focused on avoiding secondary outbreak clusters outside China. It is the virus that international cooperation and coverage should attack – not the WHO.

About the Author

Dr. Dan Steinbock is an internationally recognized strategist of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (USA), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see https://www.differencegroup.net

What Are Unsecured Business Loans And How Do They Work?

Business owners will often reminisce about how difficult it was for them to provide the funding necessary to start their business. Funding is one of the most common challenges that aspiring entrepreneurs usually face early on.

However, acquiring capital nowadays is much easier than ever. With the abundance of lending entities flourishing online and offline, as well as government-issued grants, almost everyone has access to funding. One very popular method that business owners across the world resort to is unsecured business loans. 

Unlike regular-secured loans, unsecured loans do not require the borrower to pledge a collateral. This makes the risk of unpaying tolerable, especially for business owners who cannot afford to be put in situations of potentially losing any assets to repay their lenders. Let us dig deeper below to get a better understanding of what unsecured business loans are and how they work:

What are Unsecured Business Loans?

Unsecured business loans are quite lucrative for both the lender and the borrower. Lending parties get the chance to “invest” their capital and collect the cost of their lending by charging borrowers relatively high monthly interest payments compared to secured loans. 

Borrowers acquire the risk-free almost instant capital to invest in the business, which will help in generating profits and accordingly paying off the unsecured business loan. It is a hassle-free win-win situation for everyone.

In business, companies are all looking for opportunities that would benefit their operations and, ultimately, their bottom line. With unsecured business loans, they can achieve everything they want and more than they initially thought.

How to Acquire Unsecured Business Loans?

Given how attractive the “collateral-free” aspect of unsecured loans is, many new up and coming business owners are highly interested in them. With the vastly growing numbers of small businesses in strong economies like that of Australia, non-bank lenders are multiplying to cater for their funding needs.

Finance professionals at https://www.ebroker.com.au/ are using their expertise in this field to connect legitimate independent lenders with small business loan seekers, in order to bridge an otherwise growing gap. Without the help from these professionals, a small business may struggle to acquire the capital they desperately need for their company’s operations to continue seamlessly.

If you are looking into finding an unsecured loan to purchase new equipment for your personal business, be wary of sketchy websites and find a trustworthy agent to connect you with the right lender. Do some research about the available options before signing any documentation, and listen to the advice from others that went through a similar process.

What Affects Unsecured Loans Entitlement?

Just like any kind of loan, the lender needs to do some kind of assessment to decide whether a borrower is worth the lending risk or not. If your business is swamped with debt and your credit score is bad, you will find it hard to qualify for an unsecured business loan.

Since there is no collateral, lenders look at your books to decide whether to provide you with the loan. Bad history with repaying your debts to other lenders will act as a red flag and scare away your potential unsecured loan lender.

However, even in this tough situation, you can turn things around for your own good. You can consider finding a cosigner: someone with a better credit score who will be held responsible on your behalf in case of defaulting.

Another option is to lower the amount you are asking for to better match your current credit situation. Even when the company doesn’t get the total amount they were expecting, they can still prove to the lender that they can pay back the loan as agreed upon to raise their credit rating and win back some of the lender’s goodwill, which might lead to future loans.

What If You Are Unable to Repay the Unsecured Business Loan?

Now that you have acquired the unsecured loan and used the capital to reinvest in your business or to get you out of a cash flow crisis, what happens if you cannot afford to repay your unsecured loan?

In the absence of collateral, your lenders cannot put their hands on any assets to get their money back. Lenders in such cases will start with increasing your monthly interest payment in order to make up for your defaulting, which will further worsen your credit score.

This will negatively affect your chances of acquiring loans in the future, but that is not the only downside. If you continue to default, unsecured loan lenders will eventually go to court suing you or your company, forcing you to sell your assets in order to repay your debt. 

Before putting the company at more financial risk, business owners should consider all their options carefully and only borrow the amount they need for a project they are currently working on. Borrowing a higher sum will result in larger repayments, which businesses may struggle to make if they are not responsible for their spending.

Are Unsecured Business Loans Worth the Risk?

The short answer is yes. Just because it is more attainable and seemingly risk-free, does not negate the fact that it is still a loan after all. If you’re seeking a relatively fast and easy way of acquiring funds, an unsecured business loan is the answer.

Just bear in mind the higher interest rates you are going to incur and that you completely understand that your whole business will be at stake in case you default. You should clarify any confusion by requesting that the lender explain everything in detail so that there are no misunderstandings in the long run. Remember, the loan’s purpose is to assist the company, not to jeopardize it.

Considering the nature of your business and its level of maturity, you can make the right decision regarding whether or not to apply for an unsecured business loan. Financial experts will advise going for an unsecured loan when your business is established enough to survive the brutal price of unpaying an unsecured loan. You need to do your research and try to find an in-between deal that you can afford should things go south. 

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