Foreclosure Attorney at Consumer Action Law Group Is Helping Homeowners …

This press release was orginally distributed by ReleaseWire

Los Angeles, CA — (ReleaseWire) — 06/25/2015 — Many homeowners struggle to keep up with mortgage payments and fall behind because of sudden job loss or illness. In California, there are several options available to stop a foreclosure. Some of the options to avoid foreclosure are listed below:

Litigation – If there is evidence of illegal foreclosure, a foreclosure attorney can file a lawsuit and stop the foreclosure to save the home from a trustee sale. In California, the most common form of illegal foreclosure is called Dual Tracking when the lender does not stop the foreclosure process while reviewing a borrower for a modification.

Filing for Bankruptcy – An experienced bankruptcy attorney can file bankruptcy to immediately stop the foreclosure process and give a homeowner time to catch up with the mortgage payments.  Bankruptcy also eliminates credit card debt and medical bills.

Apply for a loan modification – It is best to apply for a loan modification directly with the lender, or with the help from a non-profit that does not charge for their services. Under the foreclosure laws in California, when a borrower applies for a modification, the foreclosure process must be stopped and suspended until there is a decision.

Short sale – For a borrower willing to walk away from their home, a short sale will typically buy time and stop foreclosure until the lender has made a decision. An experienced foreclosure attorney will discuss options or refer to a specialized real estate agent to help process and negotiate the short sale.

Deed in Lieu – Foreclosure attorneys can negotiate with the lender for an agreement with the lender to stop the foreclosure process and deed the property back to the bank.  A deed in lieu of foreclosure may prevent the lender from claiming any loss.

After missing more than three mortgage payments, lenders have the right to legally foreclose and sell the property to recover their funds. Before the foreclosure process starts, the lender is required by California law to offer foreclosure assistance : The lender cannot legally foreclose if they do not first contact the borrower to discuss alternatives to foreclosure.

In California there are very strong foreclosure laws to help avoid foreclosure. The California Homeowner Bill of rights [SB900], effective in January 2013, protects homeowners from foreclosure while they are modifying their mortgages or waiting for approval of a short sale by the lender. Under the laws in California, mortgage lenders must respect the borrowers rights or face strong penalties, with statutory damages up to $50,000. If the lender is violating the law, a foreclosure attorney can file a lawsuit to stop illegal foreclosure. Once a judge signs the order to stop the sale, the foreclosure cannot go forward. Foreclosure attorneys can advise homeowner regarding different ways to avoid foreclosure and what is the best option to stop foreclosure to save the home.

The foreclosure law in California prohibits dual tracking, making it illegal for lenders to continue with the foreclosure process when a modification application is pending or a short sale has been approved. When a borrower requests assistance to avoid foreclosure, under the California laws, the lender must provide a single point of communication. In addition, the mortgage lender must communicate with the borrower in writing. It is important for the borrower to keep all emails and letters for any future lawsuits. If the lender violates the law, the borrower can immediately file an injunction and sue for any damages. An experienced foreclosure attorney is the best person to help homeowners with any of these matters.

Any borrower seeking foreclosure assistance should not rely on the lender alone to save their home. The mortgage lender often tells borrowers that everything is going to be ok until the house is sold and it is too late to take legal action to reverse the sale. The Consumer Action Law Group foreclosure lawyers offer free legal advice to borrowers facing foreclosure.

The Consumer Action Law Group bankruptcy attorney can also stop foreclosure immediately by filing a Chapter 7 or Chapter 13 bankruptcy. Chapter 7 is a short term solution, compared to Chapter 13, which allows borrower to catch up on any past due payments in a repayment plan. Before deciding to file bankruptcy, homeowners should talk to a bankruptcy attorney to decide if filing bankruptcy makes sense.

Visit http://ConsumerActionLawGroup.com or call 818-245-8413 and learn how to avoid foreclosure.

About Consumer Action Law Group
Consumer Action Law Group is a law firm dedicated to help consumers in consumer-related matters or consumers that experienced fraud and scam. Attorneys in the team are knowledgeable and experienced in the areas of eliminating debt, mortgages fraud, auto fraud, and foreclosures. They have direct experience in consumer fraud matters and helping consumers who are facing financial crisis, foreclosure, issues with employers, and problems with auto dealers.

For Media Inquiries:
Contact Person: Lauren Rode, Esq.
Telephone: 818-254-8413
Email: Lauren@consumeractionlawgroup.com
Website: http://www.consumeractionlawgroup.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-606645.htm

8×8 Completes Acquisition of Quality Software Corporation

SAN JOSE, Calif.–(BUSINESS WIRE)–8×8, Inc. (NASDAQ:EGHT), a leading provider of cloud-based unified
communications and contact center solutions, today announced it has
completed the acquisition of certain assets of privately held Quality
Software Corporation (QSC) and two affiliated companies. The acquisition
is expected to be neutral to 8x8s net income for the fiscal year
ending March 31, 2016, after excluding one-time costs associated with
the acquisition and amortization expenses.

The purchase price for QSC was $3 million in cash, of which $2.2 million
was paid at closing. 8×8 funded the aggregate cash purchase price from
its cash and investments.

With the acquisition of the QSC business, 8×8 expands its pure cloud
contact center portfolio to include innovative quality management
capabilities such as call recording, screen capture, live monitoring,
agent evaluations, speech transcription, reporting and detailed
analytics. QSC’s Chief Executive Officer Ryan Morrissey joins 8×8 as
Senior Director of Product Strategy while the company’s engineering team
remains in Romania to supplement and build upon existing Ramp;D resources
in the United States and United Kingdom.

We are very pleased to welcome Ryan and his colleagues to the 8×8
family,” said 8×8 CEO Vik Verma. “This is an exciting time in 8×8’s
history as we continue to build upon our innovative technology platform
and Global Reach® initiative while further strengthening our
capabilities for the mid-market and enterprise. Our new engineering
resources in Romania will be instrumental in helping 8×8 achieve its Ramp;D
goals and maintain its leadership position in the cloud unified
communications and contact center markets.”

8×8 also reported, in accordance with NASDAQ Listing Rule 5635(c)(4),
that employment inducement awards were granted to 83 new employees in
connection with the recent acquisitions of DXI Ltd. and the QSC
business. The employees received restrictive stock units for 203,065
shares of the companys common stock which will vest in equal annual
installments over four years, subject to the employee’s continued
employment and other conditions.

About 8×8, Inc.

8×8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable
enterprise cloud communications solutions to more than 40,000 businesses
operating in over 40 countries across six continents. 8x8s
out-of-the-box cloud solutions replace traditional on-premises PBX
hardware and software-based systems with a flexible and scalable
Software as a Service (SaaS) alternative, encompassing cloud business
phone service, contact center solutions, and conferencing. For
additional information, visit www.8×8.com,
or www.8×8.com/UK or connect
with 8×8 on Google+, Facebook, LinkedIn and Twitter.

Forward Looking Statements

This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
Section 21E of the Securities Exchange Act of 1934. These statements
include, without limitation, statements regarding the expected impact of
the described acquisition upon net income, as well as other information
about future events based on current expectations, potential product
development efforts, near and long-term objectives, potential new
business, strategies, organization changes, changing markets, future
business performance and outlook. Such statements are predictions only,
and actual events or results could differ materially from those made in
any forward-looking statements due to a number of risks and
uncertainties. Actual results and trends may differ materially from
historical results or those projected in any such forward-looking
statements depending on a variety of factors. These factors include, but
are not limited to, market acceptance of new or existing services and
features, success of our efforts to target mid-market and larger
distributed enterprises, changes in the competitive dynamics of the
markets in which we compete, customer cancellations and rate of churn,
impact of current economic climate and adverse credit markets on our
target customers, our ability to scale our business, our reliance on
infrastructure of third-party network services providers, risk of
failure in our physical infrastructure, risk of failure of our software,
our ability to maintain the compatibility of our software with
third-party applications and mobile platforms, continued compliance with
industry standards and regulatory requirements, risks relating to our
strategies and objectives for future operations, including the execution
of integration plans and realization of the expected benefits of our
acquisitions, the amount and timing of costs associated with recruiting,
training and integrating new employees, introduction and adoption of our
cloud communications and collaboration services in markets outside of
the United States, compliance with international regulations, and
general economic conditions that could adversely affect our business and
operating results. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in the Company’s reports
on Forms 10-K and 10-Q, as well as other reports that 8×8, Inc. files
from time to time with the Securities and Exchange Commission. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and 8×8, Inc. undertakes no obligation to update
publicly any forward-looking statement for any reason, except as
required by law, even as new information becomes available or other
events occur in the future.

Capital One Journey vs. The Discover it for Students

Its vital that college students build their credit history while learning sound practices for managing credit cards. Thankfully, there are a number of credit card issuers that offer products specifically for students to achieve these goals. The Capital One Journey and the Discover it for Students are two of the leading student credit cards. Lets see how they compare:

Capital One Journey

The Capital One Journey card gives students the opportunity to build their credit while earning some cash back. Cardholders receive 1% cash back on all purchases, plus an additional 25% bonus on the cash back earned each month when cardholders pay on-time.

Customers begin with a modest credit line, but are eligible to receive a larger credit line with the Credit Steps program after making their first five payment on-time. Other benefits include access to Capital Ones Credit Tracker app which includes a free monthly credit score, and a what-if simulator to let you monitor your credit and predict where it is going.

Capital One cards come with other features such as 24-hour travel assistance services, extended warranty coverage, and auto rental insurance. Cardholders can also set up free account alerts via text, email, and phone. The standard interest rate for purchases is 19.8% APR, and there is no foreign transaction fee or annual fee for this card.

Discover it for Students

The Discover it for Students offers young cardholders some rewards and benefits of the standard Discover it card. Cardholders earn 5% cash back on up to $1,500 spent each quarter at featured categories of merchants, and 1% cash back on all other purchases. Points can be redeemed at any time  and for any amount as statement credits, direct deposits, or even for purchases at Amazon.com.

Furthermore, Discover has a limited time offer that is valid on all accounts opened before July 31st, where it will double all of the cash back earned throughout the year. So long as cardholders keep their accounts open and in good standing, they will have all the rewards earned after one year doubled.

The Discover card also offers a host of other features such as automatically waiving cardholders first late payment fee, having no penalty interest rate, and 100% US-based customer service. In addition, Discover offers customers a free FICO credit score each month on their statements, online, and on their mobile app. Finally, the Discover it card offers the Freeze It feature which works like an on/off switch when you need to pause the ability to make new purchases for any reason, such as if your card has been misplaced, or if you just want to take a break from credit card use.

Other standard cardholder benefits include a purchase protection policy, extended product warranty coverage, return guarantee protection, and price protection. When traveling, cardholders receive baggage delay insurance, 24/7 travel assistance, and an emergency roadside assistance program that charges $69.95 per service.

New cardholders receive six months of interest free financing on new purchases, followed by a standard interest rate of 12.99%-21.99%, depending on their credit worthiness when they applied. There is no annual fee for this card, and no foreign transaction fees.

Choosing the right card for your needs

The Capital One Journey card features a very simple rewards program that even provides an additional incentive for making on-time payments. The Capital One offer also stands out because it features an automatic credit limit increase after you make on-time payments for your first five months as a cardholder. In addition, Capital One is part of the Visa network, which is more widely accepted overseas than Discover. While college students might not be regular international travelers, this can be an important feature for those who study abroad, or just take a backpacking trip over the summer.

The main advantages of the Discover it card are the ability to earn as much as 5% cash back, as well as its customer friendly policies. The Discover card is widely regarded as having excellent customer service, and cardholders tend to rave about how well they are treated. But beyond those subjective impressions, Discover tied for the highest rank in JD Powers 2014 Customer Satisfaction Survey. And it backs up these achievements by not having a penalty interest rate and automatically waiving cardholders first late fee. While most card issuers will waive a late fee upon request, customers will typically have to make the uncomfortable telephone call to request it. Finally, six months of interest free financing can be very valuable, so long as cardholders do use this feature to save a little on interest, and not as a way of incurring more debt.

Bottom line

College students and their parents should be very careful to choose the best credit card for their needs and use it responsibly. By considering both the Capital One Journey vs. The Discover it for Students, they can choose from two of the best cards available.

How Is My Credit Card Limit Determined?

Credit card limits are determined by a variety of factors. Credit card companies are not going to put themselves in a position where they are likely to lose money. Every decision the company makes is based on a customers potential risk factor. That’s why your interest rate goes up when you miss a payment, and that’s the reason credit limits can go up and down based on how your payment history. If you have had your credit card for a significant amount of time, and your payment history is pristine, you might be rewarded with a higher credit limit. If your annual income increases, you also might receive a higher credit limit. But if you are late with payments, credit card companies might deem you an unreliable customer and lower your limit without you knowing it. These factors will help you understand your credit card limit and how it is determined.

Credit Score

Your credit score is the numerical figure that shows how creditworthy you are. Credit card companies, banks and loan providers all check customers’ credit scores before issuing products and financial services. Credit scores are comprised of many different factors, including your debt utilization rate, on-time payment history, age of credit history, total number of accounts, number of hard credit inquiries and number of derogatory marks. Your credit utilization rate refers to the overall percentage of credit limits you are using–typically, when you use a lower percentage, your credit score is higher. On-time payment history refers to your ability to pay your bills on time. The age of your credit history refers to how long you’ve been building a credit history. The total number of accounts shows how many accounts you have open on your credit report–which could include not only your credit cards, but mortgages, student loans, auto loans and other bills. Hard credit inquiries show how many times you apply for credit–and lenders believe that too many inquiries may signal that you are desperate for credit. Derogatory marks are tantamount to unpaid bills. They can manifest themselves as bankruptcies, tax liens, bills in collection and civil judgments. Just one derogatory mark can significantly decrease your credit score. All of these factors directly affect your credit score, and thus your ability to get credit, both now and in the future. They also affect your credit card limit, and the willingness of credit card companies and lenders to make cash available to you.

Annual Income

Credit card companies will consider your annual income when determining your credit card limit. The lender will want to know if you have the income to cover the expenses that you may incur on the card. Most credit card companies have tiers of credit lines depending on how much you make. The exception to this is a stay-at-home parent who now has the opportunity to apply for credit based on the partners income.

Repayment History

Once you’ve been issued your credit card, your credit limit can still change. Your credit card limit can and likely will move up or down based on how you’ve been making repayments. If you are making your repayments on a timely and regular basis, then in time you might see your credit limit increase. If you’ve missed payments or aren’t charging much to your card, the credit card company likely won’t see any benefit in increasing your credit limit unless your annual income increases substantially. You’ll want to make sure you stay on track and make your payments on time so you avoid having your credit limit slashed.

The Credit-Based Limit

The credit-based limit is a particular method from which credit card companies derive your creditworthiness. It is based on a sliding scale. For example, if you apply for a credit card with a credit limit between $5,000 and $10,000, you might find that individuals with higher credit scores will get access to the $10,000 limit while those with lower scores will be provided with the $5,000 limit. Credit card companies use these formulas to quickly determine who qualifies for a particular amount of credit without scouring through all of the details. However, credit card companies can make exceptions if they choose. Individuals who have been using the credit card company for a significant period of time might get access to higher credit limits than if they did not have a prior relationship with the company.

The Customized Limit

The customized limit is similar to the credit-based limit in that it is a formula designed to allow credit card companies to determine your credit limit. However, it is more detailed. The customized limit considers a number of variables, including your credit score, bankruptcy score, income to debt ratios, and even limits on other credit cards. What credit card companies choose to include in their customized limit formula is up to them, as there is no set industry standard to choose from when deciding a customer’s creditworthiness.

As you can see, there are a host of variables that go into determining the credit limit of a credit card applicant. Many times, it depends on the discretion of the credit card company. These companies are looking to make a profit, and thus, they may not offer a high credit limit unless you first prove your credit worthiness, with on time payments and a solid credit history. Credit limits can sometimes be a critical factor in deciding which credit card to choose, so make sure you do your homework first and find out which credit cards have the kind of limit you need.

True Financial Grit: How Sheer Tenacity Can Help You Get Rich

  • PURE HOSPITALITY SOL (OTCMKTS:PNOW) CEO Highlights Importance Of …

    PURE HOSPITALITY SOL (OTCMKTS:PNOW) stated that the company has taken vital measures to accelerate debt reduction process. The management recorded noteworthy progress in eliminating debt of almost $4 million till to-date in the year. The future plan is to reduce nearly 90% of total debt by year end. Melvin Pereira, the Chief Executive Officer, expressed that reducing debt or paying down it is an investment in ‘yourself.’

    The importance

    The debt reduction or elimination is an indication of where the company actually stands and what it intends to accomplish in the coming period. There is always a need of capital to create a profitable and successful business. However, it doesn’t mean that it should result in massive debt or liability. If it happens, it will ultimately become a burden for the company in long-term, halting future growth. Therefore, Pure Hospitality management decided to accelerate its planned debt reduction measures so as to bring balance in the company.

    The measures

    PURE Hospitality has eliminated more than 30% of total debt, which also covers carry cost and accrued interest. The reduction in debt has been recorded in past six months. The company released huge funds from real estate holdings, which suggests that it possesses ample capital to support the Oveedia development. The measures have yielded positive results for the company and can be witnessed in the traction recorded in OTA progress.

    The benefit

    PURE HOSPITALITY SOL (OTCMKTS:PNOW) paid off $2 million of accrued interest and it was one of the main factors to that generated optimism among private tech investors. They are showing investment interest in the future projects. With the debt reduction plans in action, the team believes that a major part of the legacy toxic debt will be eliminated in next six months. Also, these will open way for new form of financing options that will be more viable for the company.

    That Time Your Dad Helped You With Credit Cards

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    Money management for the ‘Boomerang’ household

    Due to recent economic realities, multi-generational living has been on the rise for many families.

    A 2014 Pew Research Center analysis (http://www.pewsocialtrends.org/2014/07/17/in-post-recession-era-young-adults-drive-continuing-rise-in-multi-generational-living/) showed that a record 57 million Americans, equal to a little over 18 percent of the US population, lived in multi-generational family households in 2012 double the number in 1980. The major driver was young adults aged 25-34. According to Pew, nearly 24 percent of these older millennials lived in multi-generational households, increased from nearly 19 percent in 2007 and 11 percent in 1980.

    Its possible the boomerang family trend will remain in place for some time to come. For homeowner parents who may also be juggling the sandwich responsibilities of caring for older relatives, paying attention to the financial and behavioral details of taking in family is critical. Here are some suggestions to consider:

    Your finances come first. Operating a full house means higher utility and food costs and additional wear and tear on the property. Taking in family also shouldnt derail a parents career goals or retirement planning, nor should it diminish other necessary financial objectives like maximizing savings or eliminating debt. Thats why dual- or single-parent households might begin with a complete financial assessment before welcoming kids or elders back home. A discussion with qualified financial and tax advisors might be worthwhile to determine how much expense you can take on. For arrangements that go beyond free lodging to direct cash support of family members, gift tax issues should be explored.

    Make a real agreement. A home is stability and therefore something of significant value. That is why it is appropriate to consider rent or request in-kind services in exchange for room and board. Young adults particularly those who were fully under parental support in college need to learn this important lesson even if they are moving home to save money to pay off loans, to buy a car or put a down payment on a home. Ask trusted advisors about what makes sense in your situation. If you decide to accept rent, know there are potential tax issues (http://www.irs.gov/taxtopics/tc415.html) based on the structure, timeframe and expenses related to such an agreement. Legal paperwork may be required, but there also may be rental expenses you can deduct.

    Establish timelines. In the real world, financial arrangements are rarely open-ended. Depending on the financial, tax and legal advice you receive as well as local tenant law and personal preferences, you may be signing an official lease for your family members stay with a specific timeline of months or years. Whatever the requirements, make sure you have an effective framework that sets specific financial and behavioral rules you want met.

    Start with a family meeting. Before moving trucks arrive, family members should meet for a discussion about the impending move. Start by letting your child or family member talk through why they want to move in, whether they have financial goals tied to the living arrangement and how long they plan to stay. Share the structure you envision, including the payment details you would consider. No matter how agreement is struck, it should begin with a full discussion of needs, preferences, financial terms, and most of all, ways to make the arrangement successful and smooth. Once the move happens, regular conversations should continue about the living arrangement. After all, boomerang families have unique, ongoing financial issues that will require discussion.

    Prepare to track expenses. Once agreed, retrofit your household budget to keep track of higher food, utility and related expenses for cost-sharing and potential tax purposes. Having people you love living with you will hopefully have many rewards that go beyond simple dollars, but always know what the arrangement is costing you.

    Bottom line: Opening your home to returning family members is a real financial commitment. Think through money, tax and household issues before you say yes.

    Jason Alderman directs Visas financial education programs. To Follow Jason Alderman on Twitter: www.twitter.com/PracticalMoney.

    Here’s Why Applying for a Credit Card Hurts Your Credit Score