Facebook program trains high schoolers to make VR

NEW YORK—Most of the energy spent to date on virtual reality has been around gaming and entertainment. Oculus is rolling out a program with the goal of using VR as an inspiration for social change.

Along the way, it will get feedback, and a chance to flaunt its new technology, with the next generation of VR consumers — teens.

Dubbed VR for Good, the program launches with two pilots.

In the first, the Facebook-owned company is connecting students at nine San Francisco Bay Area high schools with professional filmmakers, the aim of which is to have the youngsters produce 3-to-5 minute 360 videos about their local communities and what is important to them. Oculus is donating gear to the schools, consisting of Samsung Gear VR headsets, Samsung Galaxy S6 smartphones, Ricoh Theta S 360 cameras, plus access to editing software. And the company is putting students and educators in touch with VR film “mentors.”

In the second For Good pilot, yet-to-be-chosen non-profit organizations will be given a chance to showcase their social missions through 360 videos. Oculus will match the non-profits with ten filmmakers and once again supply the gear and expertise, in this case including professional Nokia OZO cameras valued at $60,000 each, along with post production support, a travel budget, and one-on-one mentorship.

The non-profits can apply the end of May. Organizations selected will participate in a two-day bootcamp July 26-27, with the first videos to be unveiled in January 2017 at the Sundance Film Festival.

Oculus is sinking $1 million as a starting point for the VR for Good initiative, which if successful it hopes to spread through other projects around the country.

Facebook has an incentive beyond the social good, of course. A major challenge for Oculus, and for that matter all the other companies evangelizing virtual reality or augmented reality as immersive new mediums — Google, HTC, Sony, Microsoft among them — is to get people to experience the technologies and then create in this brand-new medium. With this program, it’s reaching young trendsetters who can potentially spread the world about Oculus.

“Projects like this are going to bear fruit in the very long run,” says Eugene Wei, the head of video at Oculus.

Tech companies have long used partnerships with schools, usually with additional free gear and training, as a way to spread their brand with young consumers and gain key insights into how things work.

When it comes to VR and schools, for example, Google is promoting an Expeditions Pioneer Program in the U.S, and around the world, essentially teacher-led guided VR “tours of places school buses can’t go,” from far away museums to outer space. Google is inviting schools to sign up, but the program is still in its infancy and spots are currently limited.Facebook believes VR can play a vital role in the company’s stated goal of connecting people around the world.

In picking the Bay Area schools, Oculus considered a variety of factors: notably schools with classes and teachers where such a program would fit, schools Facebook already had some relationship with through existing initiatives, as well as communities that are underrepresented in so-called STEM-related (Science, Technology, Engineering, Math) fields.

One of the participating educators, Daniel Spinka, who teaches a graphics design class and is director of the Visual Arts Academy at Oakland High School, divided his class of around 25 students into two groups, each of which are producing their 360 film. One concerns poverty in the area, the other is more focused on arts and culture. The student projects are expected to take six weeks.

“If you give the kids real world problems, they’ll step up,” Spinka says, adding that the school plans to continue to use the donated gear in the future because they provide “rich tools to get kids to think critically.”

Spinka says he’ll grade students on their participation during the process, not the finished projects.

Lauren Burmaster, the program lead for VR for Good at Oculus, says the student films will be showcased on Facebook and on Oculus.

The mentors aren’t paid. One of them, VR filmmaker Jessica Kantor, who met the Oakland students and students at a second area high school, Arroyo High in San Lorenzo, Calif., in person and is now communicating with them via Skype, says she is getting a “personal reward of seeing how they think and work.”

Filmmaker Lex Halaby, who has produced VR experiences for brands such as Budweiser, Funny Or Die, Warner Brothers, ABC, and Ford says the kids are quick studies.

“It’s amazing to see how quickly they’ve picked up the in’s and out’s of the technology. With major players such as YouTube supporting the format, almost all of (the students) have seen 360 experiences but many had not thought through what went into making them.”

And 360 filmmaking does require different thinking: “Stories that work wonders in traditional mediums just don’t translate into VR–from concept all the way up to execution,” says Samantha Storr, executive producer at Vrse.works, a virtual reality production studio.

The differences, though, could work to the student’s advantage, Oculus’ Wei suggests. “Some of the most groundbreaking VR films will be made by people coming to it fresh. And the reason is just that they won’t have any habits in the filmmaking world that they need to break.”

6 Signs You Should Dump Your Credit Card

Have you been using the same credit card for many years, blissfully ignoring advertisements for new credit cards? Perhaps your current card is so great that it’s a keeper, but maybe you are ignoring its faults.

The credit card industry is extremely competitive, and card issuers are constantly offering new products with new features, better rewards, and lower interest rates and fees. So before you spend another year with your old credit card account, think of these six reasons you might want to cancel your current card, and find something new.

1. Customer Service Isn’t Helpful

Has there been a problem with your bill? If you reached out to your card issuer and it has been unhelpful, it might be time take your business elsewhere. With so many banks and credit unions fighting for your business, there is no excuse for a company to leave its account holders less than satisfied.

2. You Aren’t Receiving Competitive Rewards

Intense competition has driven up the value of the rewards that cardholders can now receive, and those who have an older card might be left behind. Years ago, the standard rate of cash back rewards was 1 percent, but now there are cards that offer much higher rates of return. For example, Citi’s (C) Double Cash card offers a total of 2 percent cash back on all purchases, with no annual fee, while the American Express (AXP) EveryDay Preferred card offers as much as 6 percent cash back at grocery stores on up to $6,000 of annual spending, although it has a $95 annual fee. If you already have a different card with the issuer of the card you want, you may be able to switch without having to cancel your account.

3. Your Credit Has Improved Since You Opened the Account

Card issuers offer applicants different interest rates, depending on their creditworthiness at the time of the application. But as your credit improves over time, you may be stuck with a higher interest rate than you deserve. First, you can try contacting the card issuer and asking for a lower rate. But if that doesn’t work, you may just want to apply for a new card with better terms, and then cancel the old one.

4. Your Needs Have Changed

Perhaps you were used to carrying a balance, but now you avoid interest charges each month by paying your statement balance in full each month. In that case, you now have less need for a low-interest credit card and can do better by earning rewards. On the other hand, those who have been earning rewards while carrying a balance might want to switch to a credit card that offers the lowest possible interest rate.

5. You Are Traveling Outside the U.S.

Most credit cards will charge a 3 percent foreign transaction fee on all charges processed outside of the U.S., which can really add up. If you are planning foreign travel, or will be living abroad, you will want a card that does not have this fee. In addition, there are some credit cards that still do not have the latest EMV smart chips, which are necessary for compatibility with the next generation of credit card terminals already in use throughout much of the world.

6. Your Rewards Points or Miles Are Too Hard to Redeem

Airlines and hotels love to tempt cardholders with the promise of free travel, but too often the points and miles they offer are not nearly as valuable as they would have you believe. The airlines will sometimes allocate few, if any, seats at the lowest mileage levels, and some hotel chains impose blackout dates and capacity controls that are nearly as restrictive. Eventually, cardholders realize that they might prefer a card that offers travel rewards in the form of statement credits or cash back.

It’s good to also be mindful of how applying for a new card or canceling an old one might affect your credit scores. (You can get a summary of your credit report data for free, updated monthly, on Credit.com,) If, for example, you expect to apply for a mortgage in the next few months, you should hold off. And if you have a limited credit history, it can be wise to leave your old account(s) open.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Freeze Your Credit: The Secret Weapon Against Identity Theft

Last year, when I discovered that my wife was the victim of identity theft, I was given all sorts of suggestions on how to remedy the situation and keep her -– and my family –- safe going forward. Some of the ideas were high-tech, and some were very low-tech. But even though I contacted all three of the major credit bureaus, none of them suggested the one thing you can do to ensure you don’t become a credit fraud victim: freeze your credit.

Freezing your credit allows you to put a lock on your credit report so that it can only be accessed with a personal identification number, known only to you. Each credit agency will give you a unique PIN, and with this added security layer, thieves won’t be able to establish new credit in your name, even if they obtain all your personal information.

Credit freezes have only traditionally been available to victims of identity fraud, but all three major credit agencies have recently changed their policies to make them available to everyone for a small fee. That fee varies from state to state but are generally $3-$10. The most expensive state is California, which charges $30. Place the freezes at Equifax (EFX), Experian (EXPN) and Transunion.

A freeze does not impact your existing credit cards or lines of credit so you can continue to use them like normal. It is only when new requests for credit are made that the freeze kicks in. And when there is a legitimate request for your credit report, like with a home mortgage or car loan, you can temporarily thaw your credit using your PIN.

The thaw takes about 90 seconds online. You can thaw your credit for a specific creditor or for a set period. The cost to thaw your credit depends on your state, ranging from free to $10 per incidence.

Children at Risk, Too

There is an alarming new trend in which thieves use the Social Security number of children to apply for credit, something that is usually not discovered until the child turns 18 and first tries to legitimately open an account. However, in most states, a credit freeze can also be done for a minor, which will stop any illegal activity before it starts.

Though a credit freeze is the best way to protect against identity theft, if you create new accounts on a regular basis, either for business or for personal use, you might think twice before initiating one due to the cost of continuous freezing and thawing.

You can also find out more about you’re the specifics of doing a credit freeze in your state by going to the Security Freeze Laws page at the National Conference of State Legislators.

Wedding Loans Because Wedding May Be Made In Heaven But They Are Certainly Not Made For Free

Wedding loans because wedding may be made in heaven but they are certainly not made for free.

The one day that encompasses the glamour, the thrill, the dreams, the nervousness, the apprehension, the happiness and the most profound feelings of your life is the wedding day. Everything is special from the wedding dress to the wine, to the tiny flowers hanging on the doorway of the church you choose with special care for your wedding day. So, if everything is so special wouldn’t you want to pick the best? The answer is definitely yes. At least the brides-to-be are saying yes. But reality bites and you think what about the expenses. ‘Expenses’ and now the grooms reading this are saying, now you are talking. How do we deal with that? Simple get a wedding loan.

Now, it can’t be that simple, am I joking or what? No, I am not joking, I know wedding is a serious event in one’s life. We want to handle wedding with care and wedding loans facilitate us to do exactly that. Wedding loans have been processed so that all the couples can make that all necessary expenses without thinking whether you have the funds or not.

We all know that weddings are not for free. Seventy percent of the couples are paying for their own wedding. Twenty five percent of them are applying for a loan to finance their wedding. More and more loan lending companies across UK are coming forward to help people who are planning their wedding. Wedding loans through finance companies enable to make that all important day more memorable.

Taking a loan makes most of the couples worried about the question of repayment. Most of the people don’t want to start their married life with debt. With so many wedding loan types, it is a shame if we don’t choose a loan that is nothing but the best. UK homeowners can take secured wedding loans. Take advantage on the equity on your home and obtain the wedding loan you require on the terms and rate of interest you want. Secured loans attract lower rate of interest and the loan lenders provide repayment options that you have fancied.

Loan companies have various finance plans to pay for expensive things like reception, hotel, honeymoon, wedding photography, wedding cars. There are several loan products even for parents of brides and bridegrooms, who want to finance the wedding of their children. Make it the wedding of their dreams by taking wedding loans against your property or home. Compare rates online to get flexible plans that satisfy your financial needs and also are in accordance to your repayment needs.

If you are a tenant, don’t be hassled. Loan companies have created this singular option of unsecured wedding loans. Pay for your own wedding through unsecured wedding loans. The services available are fast and waste no time in approving your loan application. In some cases the decision is made within 24 hours. The best part of an online loan lending service is that you don’t have to go through loads of paperwork. You fill a one page, easy online form and already your loan application is ready for approval. In unsecured wedding loans you require no collateral to get your loan approved.

Unsecured wedding loans cater to the needs of everyone – contract workers, self-employed, unemployed, retired, graduates etc. Regardless of your circumstance an unsecured wedding loan application is approved on individual merit. But more windows are opening and wedding loans are even given to people with bad credit history. CCJs, IVAs, defaults, arrears though treated, traditionally, with suspicion are easily getting their wedding loans agreed by the leading loan companies.

Unsecured wedding loans usually charge a higher rate of interest. Having a bad credit history can carry some occasional liabilities. But with the expanding resources in the loan market a wedding loan can be obtained that works according to your requirements. So surf the internet carefully and don’t stop on the first attractive terms you find. On the internet there is always scope for improvement.

Wedding has been denounced so many times, mockingly or otherwise; but you know better. You are getting married. Along with many things wedding also means financial decisions. Finances are integral to any relationship and most of all to a wedding. One wrong decision can spoil your special day and cast a lingering shadow on your coming life. Make a wise financial decision. Give this special gift to yourself and your spouse on this very special day. Get a wedding loan. Make a healthy start. Make the right start.

Wedding loans have become an ever increasing market and owns a lot to more and more couples paying for their wedding. Taking a loan requires a lot of effort and thought; you only need to understand your requirements and circumstances before you opt for one. Make your wedding a smooth sailing occasion by taking the suitable wedding loan.

Shruti Sharma believes that nobody is born with financial wisdom but certainly one can learn to achieve it. Her endeavour is towards providing healthy financial consultancy to unenlightened people so that they can accomplish economic independence. To find a Secured loan that best suits your needs visit http://www.chanceforloans.co.uk

Payday Loans – Bridging The Void Between Paychecks

Emergency – the word is written everywhere in red and considered a danger sign. We all are afraid of what we will do if we encounter this emergency. The word emergency is usually associated with money. Generally a crisis situation involves the money issue. The payday is too far and you need money right now. Look nowhere just click on payday loans.

Payday loans are short term cash advance. It is an unsecured loan, meant for financing when time involved does not extend beyond a few days. You must be thinking that I am continually emphasizing on ‘short term’. This is because payday loans are optimal for short term financial crisis. It serves you good to remember that payday loans are not meant for long term cash management. It is not a permanent source of financial funding.

Payday loans are meant to perform the function of meeting emergency financial needs of people until their next payday. Unplanned expenses spur up from time to time. It is inevitable; you can’t be prepared all the time. Payday loans are meant to prevent consequence like late payment charges or bounced check fees. Or you can take payday loans to make that very important purchase that can’t wait till payday.

As, it has been already stressed payday loans are not the right choice for every loan receiver. However, that is not all that describes payday loans. Comparing loan rates online will help you understanding that payday loans offer great value and convenience. For the benefit of UK consumers – a few points to remember before they apply for payday loans. You must have a current, valid bank account with regular income that supports your goodwill in the loan market. It does not take very long to get payday loans application approved and in some cases only few minutes. When your loan is approved the money will be transferred the same day. You will be able to get hold of the cash the following day. The money will not be transferred on weekends and on a bank holiday. So, it is fairly easy to acquire a payday loan.

Well, you might say taking is always easy. But, with payday loans repaying is easier. The due date for payday loans is decided in accordance to your pay date. You will be notified by the loan lending company a few days before the due date. Payments for payday loans are due every 14 days and can be extended upto 18 days. If the customer feel any discrepancy in the due date or wants to extend the due date, he can freely talk to his or her loan company. While scheduling your due date, remember that you have directed deposit in your bank account. A request for withdrawal will come on the morning of the due date. If you can’t direct deposit apply for change of due date.

The topic of credit history is intimately associated with loan borrowing. It befalls many people in UK and all over the world. Bad credit history is of course not a thing to rejoice about but it is not something that should weigh on you either. People with bad credit history have applied and successfully obtained payday loans. But, on the other hand if you have filed for bankruptcy within the past year, or have filed for multiple bankruptcies then you will come across a lot of difficulties in acquiring payday loans.

A few hiccups while acquiring payday loans will be a high rate of interest and fees charged by companies can be high. This could result in unnecessary load for people with smaller pay check. High rate of interest comes with all kinds of unsecured loans. However, the upfront fees charged is mostly waived or reduced by the loan lending companies. There can also be the danger of some hidden fees. So, you are required to check and read carefully before you apply for payday loans especially the fine print.

Payday loans are identified as check advance loans, cash advance loans, post-dated check loans, deferred deposit check loans. Payday loans business is expanding by every passing day. Payday loans are convenient loans. It is evident by the fact that payday loans companies have boomed by three times in the past year. As I have already said, payday loans score more points than any other short term credit option. ‘Short’ here goes this term again but that is the key to payday loans. Payday don’t you think paydays were not that far! Far ? let it be, we have payday loans.

Shruti Sharma believes that nobody is born with financial wisdom but certainly one can learn to achieve it. Her endeavour is towards providing healthy financial consultancy to unenlightened people so that they can accomplish economic independence. To find a Secured loan that best suits your needs visit http://www.chanceforloans.co.uk

Cash Advance Payday Loans: Yes The Rates Are Higher!

Typically Cash Advance Payday Loans have no credit checks, and a very minimal amount of paper work.

They are mainly concerned that you are, whom you say, you are. And, that you have the income, and the ability, to pay back the loan. And, that you have a checking account.

Cash advance loans are designed for emergency situations! When you are short on cash and need money fast! Family emergencies, unexpected car repairs, overdrafts, telephone reconnection, unexpected bill, etc.

The Cash Advance Payday Loan industry is the subject of much criticism. Most of it coming from members of the regular established lending industry, banks and credit unions. This is because of the interest rates and fees involved with these short-term payday loans.

Typically if you receive a $100 Cash Advance? 7 to 14 days later you will be required to pay back about $125.

That may not sound so bad, especially if you really needed that $100 at the time, and know you can easily pay it back plus the extra $25 when you get paid from your job.

But if compared to maybe a 6% interest rate from a bank, or even a high 29% if taking a cash advance from a credit card… using the same repayment period, this Payday Loan would equate to somewhere near 500%

So consider? If you are strictly comparing interest rates to interest rates, there is no question that the A.P.R. on payday loans are outrageous!

But also consider this? will a bank or credit union loan you a quick $100 when you really need it? How about that same day, or within 24 hours?

If you have some credit issues? will a bank or credit union even talk to you at all?

Even if you have A1 credit, and are in a situation where you needed a little quick extra cash it is very unlikely you can walk into any bank and get it within 24 hours. The one exception would be if you already had a pre-establish line of credit with your own bank.

The bottom line is that Cash Advance Payday Loans exist for a reason. They supply a definite need, and there is a definite demand.

Most of their customers are not the ones who banks, and credit, union are very anxious to lend money too.

And with Online Cash Advance services? you never have to leave your home.

Cash Advance companies loan money to people with no credit checks, and very little documentation!

That, by anybody’s definition, is considered a high risk loan. Of course the interest rate is going to be much higher.

If you are thinking about using these services the important thing to consider is:

* What is it Going to Cost You to Get the Money?

* What is it Going To Cost You, If You Don’t Get The Money?

* Do You Really Need that Money Now?

* Can You Make It To Payday Without It?

Getting a Cash Advance, in itself, is not a bad thing! However, if you choose to accept a payday cash advance? be fully aware of what you are doing.

Before you accept that money advance make sure you know:

* The Exact Total Amount That Must be Repaid.

* What Date That Payment is Due.

* Be Certain That You Will Have the Money to Make That Payment.

Make sure, when you get a payday loan that you are using it for the shortest amount of time possible and get the lowest cash amount you can get by with. This will help you keep your fees to a minimum.

There is never any cost, or obligation, to simply apply online with a Cash Advance company. When you are approved, you are still under no obligation to accept the loan.

If you would like to view our list of recommended, reputable payday loan companies, click here: www.consumersinfousa.com/ea.htm

Greg Ford is a member of Consumers Info USA. More information, and resources, for Cash Advance Payday Loans can be found at: http://www.consumersinfousa.com/ea.htm

Secured Personal Loans – What You Need To Know About

Loans that are secured against property are called secured personal loans. They are suitable for when you are having difficulties getting an unsecured personal loan, are trying to raise a large amount, or you just have a bad/poor credit history. Usually, lenders are more flexible when it comes to secured personal loans, which makes them worth taking into consideration if you want to buy a new car, make home improvements, or take the luxury holiday of your life.

Here is a list of benefits of a secured personal loan:

You have lower monthly repayments than an unsecured personal loan

You can borrow more money

Repayments can be spread over a longer period of time

Because a secured personal loan is a type of loan available to people with securable assets (usually homes), they are often referred to as ‘homeowner loans’ or just ‘home loans’.

To be eligible for secured personal loans you don’t even have to own your own home outright. You can put the proportion of the home that you own up as a security, if you have a mortgage.

Because secured personal loans are secured on property, many of the lenders will approve your loan ‘ignoring’ the fact that you have a history of adverse credit such as arrears or even county court judgements. This makes them the perfect choice for people who can’t qualify for a loan from their local bank.

You can borrow a very large amount of money and repay it over a period that usually range from 5 to 25 years. You just have to select a monthly payment that fits your financial situation. Generally, a secured personal loan tends to be cheaper than any other forms of borrowing.

For a secured personal loan, the interest rate depends on factors such as the amount of money borrowed, the period of time you choose to repay them in and your personal details. Payments can also be insured so that you don’t have to worry about losing your job or being unable to work due to accident or sickness.

It usually takes from 14 to 28 days for a secured personal loan to be completed. During this time you will be made a no obligation offer (once your application has been processed and accepted).

T. O’Donnell owns a site that offers personal loans, advice, an ebook and a loan calculator for the UK. Visit him at http://www.tigertom.com/personal-loans-uk.shtml

If You?re Looking For Low Cost Car Finance, Loan Companies Offer Some Great Deals

These days having a reliable and safe vehicle to drive is more important than ever. With public transport packed to the hilt and often unreliable, many people have learned to rely on their vehicles to get to college or work, pick up the kids, do the shopping and even to perform their jobs. That’s why things can get really tough when you find yourself with an unsafe or unreliable car.

When it comes to affordable car finance loan companies in the UK offer some great deals to suit all budgets and needs.

Whatever type of car and price you are looking at, a loan company should be able to help you by providing low cost finance. Of course, the amount that you will be eligible to borrow for your car will depend upon your income and employment status amongst other things.

If you really want to keep costs down when buying a new car, try and go for a basic model ? however nice the thought of driving the latest sports model might be, the insurance costs along can end up being financially crippling.

Getting a basic car coupled with finding low cost car finance from a loan company means that you can enjoy the benefits of safer, more reliable driving at a really affordable cost, rather than having to pay a fortune for the privilege of getting an improved car, or worse still, being left to struggle with an old banger that is on its last legs.

You may freely redistribute this article on your website providing no alterations are made to the text and the links remains intact.

This article is courtesy of http://www.4a-loan.co.uk

Unsecured Loans: The Lesser Known Sibling Of Secured Loans

What is man’s greatest invention?

Some of the latest gizmos would immediately crop up in our minds as the most probable of the answers. But do these gizmos really deserve the veneration that they receive. True, they have revolutionized lives. But they have been characterized with impermanence. Another new invention and the earlier invention is nowhere to be seen.

One invention of man which has withstood the challenges of time is a home. The earlier users of home might have constructed it just for shelter purposes. But it has assumed new roles in a person’s life. Besides providing shelter, it has become an indispensable status symbol. Home has continued adopting new fashions and styles, and thus still holds the same esteemed position that it held in the primitive ages.

People revere their houses, and would think twice before taking any step which imperils its existence. Since secured loans entail keeping home as collateral, most people who value their houses would dread taking the loan. A single default may lead to ones house being repossessed. And with this all dreams which the customer and his/ her spouse may have dreamt with their home as a scenic backdrop fades forever.

This single fact has led a large number of people, including those who do not have the luxury of homes, to look for different options, in spite of secured loans offering a much better rate of interest.

"All that is gold does not glitter; not all those that wander are lost". So said J.R.R.Tolkien, an English novelist and scholar. Going by the logic it would be unprofessional to not cater to the vast population who do not want to keep their homes to any kind of obligation, or who do not have a home in the first place, on the grounds that they can cause default in payments.

To fill up this vacuum and to cater to this vast population which was till yet unsatisfied or was debarred from the credit process at the very initial stages because of the absence of home, the concept of unsecured loans was launched.

So what is an unsecured loan? An Unsecured loan is a loan for those who do not take a secured loan. The lender provides the loan without having to keep any collateral. The loan provider in this case has more risk to bear. He doesn’t have the cushion of home or property to meet the contingencies like constant default. So he would counter it through a higher rate of interest. But customers who desire to keep their homes safe will bear the high interest rate without flinching. The interest rates may be slightly higher than what is charged for secured loans. One doesn’t have to rely on the high street lenders who charge a very high rate. There are many reputable lenders who may offer the most desired terms.

Unsecured loans are very fast in being approved. The lender doesn’t need to value the worth of the customers’ property, which is the most time consuming process. The result is fast cash for the customers to benefit from.

Since there is no collateral involved in the process, lenders would dread offering loans to those who have a bad credit history. The denial extends even to those who have received County Court Judgements or Individual Voluntary Agreements. But there are lenders who will happily take the risk; of course charging a higher rate of interest for their services.

Taking out an unsecured loan doesn’t give one a license to default. The lender can take actions to make good his defaults. While in the case of secured loans the lender would have immediately covered the defaults through liquidation of the collateral; in unsecured loans they would have to take the help of the court, which ultimately results in repossession of the home.

Such court proceedings can result into the customer’s name being entered on the defaulters list with the credit agencies for around 6 years. And in these 6 years a person won’t be able to get loans as lenders perceive the customer as precarious or bound to default. This would certainly be a very complicated scenario since a person does need loan to meet contingencies.

To skip such a scenario one would have to be very cautious right from the time when one plans the loan. The following checklist would be of immense help:

Decide what amount you really require. Select the lender. Decide the amount to be repaid monthly. Make an optimum balance between the ultimate cost of the loan and the monthly repayments. Make an optimum balance between the amount of monthly repayments and their number. Be regular in repayments.

With these points in place one can really enjoy the most out of the unsecured loan and rest assured as to the safety of his home.

Aditya has completed his masters in mass communications from Jamia University. If you need UK Personal secured and unsecured loans visit http://www.ukfinanceworld.co.uk

A Personal Loan And Your Rights

You can use a personal loan for many different things including, but not limited to, paying off bills, taking a vacation, buying a car and much more. Interest rates on a personal loan will vary, depending on your credit rating and the institution you are choosing to get your personal loan from. It is highly recommended that you get multiple quotes and rates before making a final decision on your loan. This way you will know if you are getting the best deal possible.

Take the time to compare rates and save money. Even if a lender is offering you better rates than the competition, find out how much money that would save you. Ask about all of the fees associated with the loan. Some lenders hide their fees and make money off of innocent people who don’t think about asking.

There is some valuable information you should know about Fair Debt Collection laws. The more you know about loans and lenders, the better consumer you will be.

If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor.” If you fall behind in repaying your creditors, or an error is made on your accounts, you may be contacted by a “debt collector.”

You should know that in either situation, the Fair Debt Collection Practices Act requires that debt collectors treat you fairly and prohibits certain methods of debt collection. Of course, the law does not erase any legitimate debt you owe.

This brochure answers commonly asked questions about your rights under the Fair Debt Collection Practices Act.

What debts are covered?

Personal, family, and household debts are covered under the Act. This includes money owed for the purchase of an automobile, for medical care, or for charge accounts.

Who is a debt collector?

A debt collector is any person who regularly collects debts owed to others. This includes attorneys who collect debts on a regular basis.

How may a debt collector contact you?

A collector may contact you in person, by mail, telephone, telegram, or fax. However, a debt collector may not contact you at inconvenient times or places, such as before 8 a.m. or after 9 p.m., unless you agree. A debt collector also may not contact you at work if the collector knows that your employer disapproves of such contacts.

Can you stop a debt collector from contacting you?

You can stop a debt collector from contacting you by writing a letter to the collector telling them to stop. Once the collector receives your letter, they may not contact you again except to say there will be no further contact or to notify you that the debt collector or the creditor intends to take some specific action. Please note, however, that sending such a letter to a collector does not make the debt go away if you actually owe it. You could still be sued by the debt collector or your original creditor.

May a debt collector contact anyone else about your debt?

If you have an attorney, the debt collector must contact the attorney, rather than you. If you do not have an attorney, a collector may contact other people, but only to find out where you live, what your phone number is, and where you work. Collectors usually are prohibited from contacting such third parties more than once. In most cases, the collector may not tell anyone other than you and your attorney that you owe money.

What must the debt collector tell you about the debt?

Within five days after you are first contacted, the collector must send you a written notice telling you the amount of money you owe; the name of the creditor to whom you owe the money; and what action to take if you believe you do not owe the money.

May a debt collector continue to contact you if you believe you do not owe money?

A collector may not contact you if, within 30 days after you receive the written notice, you send the collection agency a letter stating you do not owe money. However, a collector can renew collection activities if you are sent proof of the debt, such as a copy of a bill for the amount owed.

What types of debt collection practices are prohibited?

Harassment. Debt collectors may not harass, oppress, or abuse you or any third parties they contact. For example, debt collectors may not:

use threats of violence or harm;

publish a list of consumers who refuse to pay their debts (except to a credit bureau);

use obscene or profane language; or

repeatedly use the telephone to annoy someone.

False statements. Debt collectors may not use any false or misleading statements when collecting a debt. For example, debt collectors may not:

falsely imply that they are attorneys or government representatives;

falsely imply that you have committed a crime;

falsely represent that they operate or work for a credit bureau;

misrepresent the amount of your debt;

indicate that papers being sent to you are legal forms when they are not; or

indicate that papers being sent to you are not legal forms when they are.

Debt collectors also may not state that:

you will be arrested if you do not pay your debt;

they will seize, garnish, attach, or sell your property or wages, unless the collection agency or creditor intends to do so, and it is legal to do so; or

actions, such as a lawsuit, will be taken against you, when such action legally may not be taken, or when they do not intend to take such action.

Debt collectors may not:

give false credit information about you to anyone, including a credit bureau;

send you anything that looks like an official document from a court or government agency when it is not; or

use a false name.

Unfair practices. Debt collectors may not engage in unfair practices when they try to collect a debt. For example, collectors may not:

collect any amount greater than your debt, unless your state law permits such a charge;

deposit a post-dated check prematurely;

use deception to make you accept collect calls or pay for telegrams;

take or threaten to take your property unless this can be done legally; or

contact you by postcard.

What control do you have over payment of debts? If you owe more than one debt, any payment you make must be applied to the debt you indicate. A debt collector may not apply a payment to any debt you believe you do not owe.

What can you do if you believe a debt collector violated the law? You have the right to sue a collector in a state or federal court within one year from the date the law was violated. If you win, you may recover money for the damages you suffered plus an additional amount up to $1,000. Court costs and attorney’s fees also can be recovered. A group of people also may sue a debt collector and recover money for damages up to $500,000, or one percent of the collector’s net worth, whichever is less.

Where can you report a debt collector for an alleged violation? Report any problems you have with a debt collector to your state Attorney General’s office and the Federal Trade Commission. Many states have their own debt collection laws, and your Attorney General’s office can help you determine your rights.

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