Ad Majorem.....Wealth Builders
I just got a Valentine's promo< effective from February 13, 2013 to February 14, 2014 letter from Citibank saying that a loyal customer, I will get a preferential rate of 1.5% per month instead of the usual 2.75 per cent on the balance. It would look great, except that
OUR USUAL RATE FOR MAJOREM IS 1.5% PER MONTH!
Wednesday, February 27, 2013
Tuesday, February 26, 2013
Question on Penalty
Ad Majorem.....Wealth Builders
Angono, Rizal, PHL | February 26, 2013
When the new Majorem team took over, everything was in shambles - including the policy on arrears and the corresponding penalty. The current methodology it was found out involves a straight computation on a single amortization.,
The interest rate is only l.5% per month, however penalties stand at 4 per cent per month per every single amortization (the PN contains this provision)
The signed document calls for penalty on each and every single amortization until that amortization is paid. However, the SBU personnel says that the SOA only mentions a straight line computation. However, what the SOA merely indicated is that each and every payment, when unpaid shall be charged that penalty every month until paid.
I hope that settles the issue.
Angono, Rizal, PHL | February 26, 2013
When the new Majorem team took over, everything was in shambles - including the policy on arrears and the corresponding penalty. The current methodology it was found out involves a straight computation on a single amortization.,
The interest rate is only l.5% per month, however penalties stand at 4 per cent per month per every single amortization (the PN contains this provision)
The signed document calls for penalty on each and every single amortization until that amortization is paid. However, the SBU personnel says that the SOA only mentions a straight line computation. However, what the SOA merely indicated is that each and every payment, when unpaid shall be charged that penalty every month until paid.
I hope that settles the issue.
Personal Liberty: Waging War With Words
---------- Forwarded message ----------
From: Bob Livingston <eletter@news.personalliberty.com>
Date: Mon, Feb 25, 2013 at 9:05 PM
Subject: Personal Liberty: Waging War With Words
From: Bob Livingston <eletter@news.personalliberty.com>
Date: Mon, Feb 25, 2013 at 9:05 PM
Subject: Personal Liberty: Waging War With Words
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pretermination rate
Ad Majorem.....Wealth Builders
Somebody asked me to sign the interest payment for a matured PN. The check was for PHP 9,000. The note matured on December 7, 2012. However, the owner of the note had a prepayment of PHP 50,000. So as per the PN, there was a pretermination and that calls for just 50% of interest payment. And the interest payment just have to be PHP4,500.00, not PHP 9,000.
Somebody asked me to sign the interest payment for a matured PN. The check was for PHP 9,000. The note matured on December 7, 2012. However, the owner of the note had a prepayment of PHP 50,000. So as per the PN, there was a pretermination and that calls for just 50% of interest payment. And the interest payment just have to be PHP4,500.00, not PHP 9,000.
Friday, February 22, 2013
Bridge Financing Completed in one Day by new Management Trainee
Ad Majorem.....Wealth Builders
Angono, Rizal PHL | February 22, 2013
Eddie B, our newest Management Trainee and Loan Officer Trainee successfully completed a nearly one half million loan transaction in 24 hours: loan application, loan approval and loan release. The loan was for a medical professional who got stuck in a business she does not fully understand: a multi unit condo project in downtown that is 90% complete and no marketing done yet.
The Management Trainee met his monthly target in one day. Great work.
For almost a month, she tried to get a reloan from her favorite unibank but she was mired in bureaucratic requirements. She tried to get financing too from her cousin who is the leader in funeral service but was turned down.
But lo and behold, she got assistance she needed quickly from Majorem. Thanks to Eddie B
Talk about the speed of small entrepreneurial companies in serving the needs of the customers
Angono, Rizal PHL | February 22, 2013
Eddie B, our newest Management Trainee and Loan Officer Trainee successfully completed a nearly one half million loan transaction in 24 hours: loan application, loan approval and loan release. The loan was for a medical professional who got stuck in a business she does not fully understand: a multi unit condo project in downtown that is 90% complete and no marketing done yet.
The Management Trainee met his monthly target in one day. Great work.
For almost a month, she tried to get a reloan from her favorite unibank but she was mired in bureaucratic requirements. She tried to get financing too from her cousin who is the leader in funeral service but was turned down.
But lo and behold, she got assistance she needed quickly from Majorem. Thanks to Eddie B
Talk about the speed of small entrepreneurial companies in serving the needs of the customers
Thursday, February 21, 2013
US will lose status as World's Leading Currency
Ad Majorem.....Wealth Builders
From Money News | February 15, 2013
There are many indications that the US Dollars is losing its status as the world's leading currency. Many countries showing willingness to use other currency for their trades. Its share of world currency trade has shrunk from 90% of the total in l952 to merely 15% according to Bove, VP of equity research at Rafferty capital markets. The yen, euro's, Chinese yuan share has been increasing
The US Dollar has lost much of its value; and this is critical for the US economy. US can no longer print money to pay its debt; it must pay up...
The loose policy of US Federal Bank and wanton spending of US government, and growing lack of credibility of politicians may have to do with this?
Is the dollar still almighty?
Do you agree with Bove?
From Money News | February 15, 2013
There are many indications that the US Dollars is losing its status as the world's leading currency. Many countries showing willingness to use other currency for their trades. Its share of world currency trade has shrunk from 90% of the total in l952 to merely 15% according to Bove, VP of equity research at Rafferty capital markets. The yen, euro's, Chinese yuan share has been increasing
The US Dollar has lost much of its value; and this is critical for the US economy. US can no longer print money to pay its debt; it must pay up...
The loose policy of US Federal Bank and wanton spending of US government, and growing lack of credibility of politicians may have to do with this?
Is the dollar still almighty?
Do you agree with Bove?
Links from Newsmax .com
Ad Majorem.....Wealth Builders
---------- Forwarded message ----------
From: Newsmax.com <newsmax@reply.newsmax.com>
Date: Thu, Feb 14, 2013 at 10:12 PM
Subject: DeMint Hits Obama's Costly 'Wish List'; GOP Filibusters Hagel; Leftist Van Jones Fears Rubio
---------- Forwarded message ----------
From: Newsmax.com <newsmax@reply.newsmax.com>
Date: Thu, Feb 14, 2013 at 10:12 PM
Subject: DeMint Hits Obama's Costly 'Wish List'; GOP Filibusters Hagel; Leftist Van Jones Fears Rubio
|
Money News Links
Isaac: Banks Strengthen, But Fed's Low Rates Are Worrisome
Fmr FDIC head Isaac - Banks stronger but Fed policy and politics worrisome
Former FDIC head William Isaac tells that US banks have been much stronger in over 40 years. They have built their capital over the years.
However, what is worrisome is the low interest rate regime being encouraged by Federal Reserve Bank. This makes making money difficult for the bank. The income of banks now are coming from the recovery of loan loss reserve set earlier.
The credit downgrade of US can hurt the banks. Politics in US is also worrisome
Former FDIC head William Isaac tells that US banks have been much stronger in over 40 years. They have built their capital over the years.
However, what is worrisome is the low interest rate regime being encouraged by Federal Reserve Bank. This makes making money difficult for the bank. The income of banks now are coming from the recovery of loan loss reserve set earlier.
The credit downgrade of US can hurt the banks. Politics in US is also worrisome
 |
|
No Medical Exam for 100,000 in Coverage
In wealth building, insurance is one of the most important asset you must make. Insurance protects, preserves your estate and most importantly your capacity to earn/have income. To create wealth, you must preserve whatever you have built.
First rule in investment, do not lose the principal. Insurance protects, preserves the principal. Nothing can grow become big if we have lost the principal
Subject: No Medical Exam for 100,000 in Coverage
First rule in investment, do not lose the principal. Insurance protects, preserves the principal. Nothing can grow become big if we have lost the principal
Subject: No Medical Exam for 100,000 in Coverage
 |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscribe to:
Posts (Atom)
