The corporation is in the process of being dissolved and the line does not show up on the credit report. This is in NY.
Whoever’s name is on the card is the person that is responsible for the debt. That means if any thing goes incorrect, if your name is the one listed on the card you are personally responsible for any balance due. I personally reckon that this practice is unfair :’(
I’m sorry and excellent luck with your situation 
LEADERSHIP IN UNIQUELY CHALLENGING SITUATIONS
Dynamic, result oriented leader with a strong track record of routine in turnaround and high paced organizations. Utilize keen analysis, insights and team approach to drive organizational enhancement and implementation of excellent practices. Superior interpersonal skills, capable of resolving manifold and complex (sales, human resources, legal, financial, operational) issues motivating staff to peak routine. Additional areas of expertise contain:
•Strategy, Vision and mission plotting.
•Sales & Marketing leadership
•Profitability and cost analysis
•Programs, services and products
•Billing, collection and cash management
•Contract negotiations & strategic Alliances
•Finance, Budgeting & Cost management
•Broadcast relations & media affairs
•Policy and procedure enhancement
•Licensing and trade mark
•Team building and Routine enhancement
PROFESSIONAL EXPERIENCE
PRESIDENT 2007 MANUFACTURING CORPORATION… ERASED MA
President of a Food and Beverage manufacturing company that specializes in vitamin fortified teas and juices. It is an emerging leader in the food and beverage industry.
Notable Accomplishments:
•Oversaw that manufacturing and production are completely in amenable with government set of laws
•Conducted new business enhancement activities as a way to promote the company’s products and services and build a link surrounded by the convergence and consumers
•Developed New manufactured goods thoughts for future trends and healthy consumptions to satisfy customer wants and needs
•Generally responsible for all aspects of marketing, Advertising and sales of company products
•Enhanced business infrastructure ensuing in improved routine and cost reduction
ACCOUNT MANAGER/CONTROLLER 2005-2007 BANK CORPORATION…
Account controller of the leading provider of financial services to institutional investors. Their investment services contain and not limited to research, investment management, trading services and investment servicing.
Notable Accomplishments:
•Responsible for ensuring full falling in line of divisional daily core operation standards, operational and client-specific procedures
•Monitored amount of income and post daily expense accruals based on client direction
•Calculated cash availability accurately to meet routine standards for limited complexity portfolios
•Work with flat income and hedge funds
•Participated on a team responsible for merging multi-million dollar, complex companies. Project was transparent to customers with un-interrupted service
•Maintain daily/monthly supporting documentation for all outstanding items and records required for fund audits
•Calculate Net Asset Value per share
•Maintained heavy load of accounts; kept each account balanced and ready for daily funds
PERSONAL BANKER 2002-2005 FINANCIAL GROUP….
Banker for a $167 Billion commercial bank holding company. One of the 10 largest Commercial banking companies in the United States. Owned by the Royal Bank of Scotland.
Notable Accomplishments:
•Opened new business and personal account
•Prospected for new business and personal clients with high net worth’s
• Responsible for closing loans approved by the loan officer
•Involved in setting up the new banking branches in the city
EDUCATION
erased Institution … Business Administration Management conc, Minor in Marketing
MEDIA RELATIONS, APPERANACE AND RECOGNITIONS
THE LYNN ITEM: (HEADLINE) ….erased…… Launches Manufacturing Company
BEVNET.COM: (HEADLINE) …………………………………….erased…….. super-premium line for today’s health-conscious consumer… YEARS ERASED
Letter of recognition From Massachusetts State Senator,:
1. Way to long – it needs to one page.
2. 1st paragraph is full of wordy jargon – get rid of it.
3. Tailor your resume for the company that you are sending it to. What kind of experience do you have that they looking for? If they are are a marketing company say what kind of sales and leadership you really performed instead of saying “sales and leadership”.
4. Regulate the banking job to one or two lines since the banking job isn’t pertinent to the sales and marketing job.
Hope this helps
I am interested in learning to use wordpress and was wondering if socrates wp theme was a fantastic new theme for building sites?
Also there is a course for online marketing that I am thinking of taking and purchasing, it is called Commission Blueprint 2.0, there are so many reviews online about it that I have just become confused. Can anyone help me?
1) Hanks Corporation bought $150,000 cash by issuing common stock to investors. As a result of this consequence,
A) retained earnings increased.
B) assets increased.
2) Which of the following items would appear on a balance sheet?
Notes To be paid
Dividends
Expenses
Revenues
3) A stockholder in a corporation would use ___ to learn about the company.
A) financial accounting information
D) both A and C
C) not-for-profit accounting information
B) managerial accounting information
4) If a company’s expenses are greater than its revenues for the year,
the company’s stockholders’ equity must have decreased during the period.
the company’s liabilities must have increased.
the company incurred a net loss during the period.
its assets increased during the period.
5) A company’s retained earnings at the beginning and ending of the accounting period were $48,000 and $55,000, respectively. If the company had revenues of $61,000 and expenses of $50,000, the amount of cash dividends paid must have been
$4,000.
$2,000.
$3,000.
$9,000.
6) An asset decrease ensuing from consumption of resources to earn revenue is
a net loss.
an expense.
a liability.
an asset source transaction.
7) Ohio Company provided services to a customer for $1,700 cash. As a result of this consequence,
retained earnings increased.
total assets decreased.
cash flows from financing activities increased.
total liabilities increased.
Wayne Company bought gear for $45,000 cash. As a result of this consequence, Wayne had a
$45,000 cash inflow from financing activities.
$45,000 cash outflow from financing activities.
$45,000 cash outflow from operating activities.
$45,000 cash outflow from investing activities.
9) Which of the following items would be an example of revenue?
cash expected from customers for services provided
all of these
cash expected from a bank loan
cash funds made by owners
10) In 1998, Parker Corporation bought land for $130,000. In 2010, Parker Company had the land appraised, and its value was estimated to be $190,000. Also during 2010, another company offered Parker $145,000 for the bundle of land. When the balance sheet is prepared at the end of 2010, at what dollar amount should the land be reported?
$145,000
None of these
$190,000
$130,000
11) During 2010, Cruz Company earned $5,000 in cash revenue, incurred $3,200 in cash expenses, and paid $500 in cash dividends to its owners. Based on this information,
retained earnings increased by $1,300 during the year.
the net cash flow from operating activities was $1,300 for the year.
total assets increased by $1,800 during 2010.
net income was $1,300 for 2010.
10 points for the best answer!!!!
1) Hanks Corporation bought $150,000 cash by issuing common stock to investors. As a result of this consequence,
B) assets increased
2) Which of the following items would appear on a balance sheet?
Notes To be paid
3) A stockholder in a corporation would use ___ to learn about the company.
A) financial accounting information
4) If a company’s expenses are greater than its revenues for the year,
the company incurred a net loss during the period.
5) A company’s retained earnings at the beginning and ending of the accounting period were $48,000 and $55,000, respectively. If the company had revenues of $61,000 and expenses of $50,000, the amount of cash dividends paid must have been
$4,000.
6) An asset decrease ensuing from consumption of resources to earn revenue is
an expense.
7) Ohio Company provided services to a customer for $1,700 cash. As a result of this consequence,
retained earnings increased.
Wayne Company bought gear for $45,000 cash. As a result of this consequence, Wayne had a
$45,000 cash outflow from investing activities.
9) Which of the following items would be an example of revenue?
cash expected from customers for services provided
10) In 1998, Parker Corporation bought land for $130,000. In 2010, Parker Company had the land appraised, and its value was estimated to be $190,000. Also during 2010, another company offered Parker $145,000 for the bundle of land. When the balance sheet is prepared at the end of 2010, at what dollar amount should the land be reported?
$190,000
11) During 2010, Cruz Company earned $5,000 in cash revenue, incurred $3,200 in cash expenses, and paid $500 in cash dividends to its owners. Based on this information,
retained earnings increased by $1,300 during the year.
In the modern electronic age everything made to ease out an have fun’s life. From the medical field that is determining & curing the diseases, to convenient stores with simple transportation and innumerable gadgets making working a more pleasurable experience, mankind has explored the uncharted territories to their extreme depths.
In terms of banking and financial services, this revolution came in with the emergence of Credit Cards. Now-a-days, credit are not just a mere status symbol for the individuals, but everyplace down the line they have become a necessity in then developed nations. Especially, the working people income their hush-hush lives, always with alacrity & anguish, credit cards have come in as a real savior.
Revolutionalizing the way the people spend while shopping, credit cards have introduced a whole new aura.
Here are some key features that would help us know this new tool of finances better:
1. In a common man’s language, credit cards are a gadget or a card allowing the persons to make buys, but only up to the regulate that is set by issuing bank or company.
2. The person has to pay off the amount of balance in installments along with the interest payments.
3. Ordinarily, the per month amount of payment of the credit card ranges from a minimum amount prescribed by the bank up to the entire remaining balance.
4. Last but surely, not the smallest amount, as supplying credit card is also a business, the longer the user takes to pay off the due amount, the more would be the interest on the balance.
5. As it is quite a responsible job to carry and use a credit card, the user must be of the legal age & must also have the capability for paying off the amount that they are spending through the credit card.
6. In the United States, nearly all of them carry a credit card as they find it far more convenient as compared to using the checks or paying in cash, every time they go out for shopping.
Before using the credit cards, one must know that these are a major responsibility and their incorrect or un-invigilated usage can lead to severe debts. So, here is a detail of their types and usage so that one can make an apt option for themselves.
1. Credit cards are now becoming indispensable to many of the consumers, but they must know the right way of using these cards.
2. The different types of credit cards available in the market are as follows:
a. Charge Cards
b. Bank Cards
c. Retail Cards
d. Gold Cards
e. Open Cards
3. Al the higher than mentioned types of credit cards come along with 2 interest rate options. These are:
a. Flat
b. Variable
4. With flat rates, as the name suggests, the rate of interest to be paid is fix, so everyplace down the line, you can be sure of the amount of interest you may have to give to the company.
5. With the variable rates of interest the choice rests in the hands of the issuer. They make the choice regarding the payment of interest based on various factors.
6. At the same time we must know that in case of flat rate of interest the opercentage is quite high.
7. Basically, the credit card grantors ordinarily issue 3 types of accounts along with their basic account agreements that is also known as the revolving agreement. In the ‘Typical Credit Card Accounts’ the payer is allowed to pay the entire amount in full monthly. They may also prefer to go for a partial payment based on their outstanding balance.
8. In case of the ‘Charge Agreement’ the payer is held to pay the entire balance monthly in order top save the interest charges.
9. On the different, the Installment Agreement requires the user to sign the contract as to the repayment of a flat credit amount in some equal payments with in a certain time period.
10. There is also a further category of the credit card accounts that includes individuals and the joint accounts. Here the joint accounts order the have fun alone to pay the debt and the latter is allowed to that with the partners who are responsible to repay the debt.
11. Among additional common types of available credit cards are:
a. Standard Credit Cards such as Balance Transfer Credit Card and Low Interest Credit Card
b. Credit Cards along with Reward Programs such as Airline Miles Credit Card, Cash Back Credit Card and Reward Credit Card
c. Credit Card for Terrible Credit such as Open Credit Card and Prepaid Debit Card
d. Specialty Credit Card such as Business Credit Card and Student Credit Card
Once you have understood the various types of credit cards available, you should now aim to influence your goals, as to what & how exactly you want your credit card to help you. Research well about the various options available and read about each of them carefully. Next answer some questions for yourself; these are:
a. How would you spend along with the credit card in a month?
b. In case you plot to carry the balance up to the end of month, you are willing to repay exactly how much of the annual fees?
c. In case you carry with you a strong history of credit, is your credit in the need of rehabilitation?
Shopping for the Credit card
Now, before applying for the credit card look up to the following points carefully:
1. Irrespective of the credit card you have chose, be sure to discuss the specific financial needs & additional financial aspects with the financial advisor and/or accountant.
2. Know the repayment and disadvantages of having the credit card such as accessibility & availability of their services, safety, vital consumer protection laws, etc.
3. While owing a credit card defines invincibility, it also triggers the person’s thirst towards material equipment. They get all the more tempted and lead to buying useless equipment of the items that they really do not require.
4. The user of the credit card must keep in mind that credit is a huge responsibility and whenever you use that card it ads to your debts. So, you must user it very carefully else you may land owing more than what you can really repay. This can also hurt one’s credit report, thereby making irreparable credit problems.
Some of the known credit cards available in the market contain Citibank, Chase Manhattan Bank, BankOne, Bank of America, Learn® Card, American Express, Advanta, First Premier Bank, HSBC Bank, MasterCard Credit Cards and Visa.
Abhishek Agarwal
http://www.articlesbase.com/credit-articles/understanding-credit-cards-18-points-to-find-your-way-around-703494.html
Your Post Bankruptcy Credit Report
Have you had a bankruptcy discharged? If you are like the vast majority of our post-bankruptcy customers you still have damaging derogatory information lingering on your credit report. This is not necessary. Once your bankruptcy is behind you it is time to take action. The law and the credit bureaus (believe it or not) are on your side. Take advantage of the opportunity. An intelligent effort will pay significant dividends.
The Post Bankruptcy Cleanup
Most people don’t grasp that the derogatory information associated with each of the discharged items can be removed by the credit bureaus upon request. This includes late payments that occurred on the discharged accounts, charge off and collection status notices, and past due balances. This information has an enormous impact on your credit scores. It is your right to have it removed. On the additional hand, a broadcast record of your discharged bankruptcy will appear on your report for many being, but has moderately small impact on your credit.
The Life Span of a Bankruptcy
Once you have had a bankruptcy discharged a line item will appear in the Broadcast Records section of your credit report. This single line item will contain your filing and discharge dates, and is likely to linger for the full duration allowed by law. This reporting period will vary based on the type of bankruptcy that you elected. The Honest Credit Reporting Act, also known as the FACT Act is the specific law that reins credit reporting (see section 605). The law states that credit reporting agencies must stop reporting of Chapter 7 bankruptcies ten being after the date the bankruptcy case is filed. Chapter 13 bankruptcies are treated differently and must be removed from your credit after 7 being.
The Two Year Look
This single line item should not concern you! The presence of a bankruptcy on your credit report means small or nothing after two being have onwards. This might surprise you. Many of the people that we speak to are under the mistaken impression that after a bankruptcy you are destined to have terrible credit for many being to come. This should not be the case. If you make the effort to clean up and rebuild your credit after your bankruptcy you should suffer small or no ongoing impact.
Plotting for a Mortgage
In the credit repair business we are often contacted by people that want to get their credit in shape for a potential mortgage application. This is very smart. You do not need any unnecessary derogatory items on your report when you are applying for a mortgage. As a matter of potential interest, Fannie-Mae offers its buck interest rate mortgage programs to borrowers two being after a bankruptcy discharge (subject to additional qualification of course). The real issue that plagues consumers is not the bankruptcy, but the unnecessary lingering derogatory items on the discharged accounts.
Credit Bureaus Can Be Stubborn
In spite of the fact that the credit bureaus are required to comply with a request to remove former derogatory information they are typically slow to cooperate. A bankruptcy attorney will often submit a request to the bureaus to remove derogatory information. The majority of these requests are ignored or only partially completed. And so, in a terribly large number of cases ancient information will linger for up to seven being depressing the consumers credit score and making it impossible for them to get credit.
What to Do
Anyone who has attempted credit repair on their own is aware that the experience of dealing with the credit bureaus can be frustrating. An effective post bankruptcy cleanup can be done if you are just a small bit patient. Would you like some advice? I suggest that you keep your communications as terse as possible. Many people succumb to the temptation to tell their tale to the credit bureaus. Do not ever, ever, ever contain an explanation of your credit issues.
Minimize Your Communication
The people who work for the credit bureaus and process these requests are allowed to disregard your request if they feel that it is frivolous. I know that there would be nothing frivolous about your personal tale. But every single extra bit of information that the clerk has to get through before they get to the essential documentation increases the possibility that you will get thrown in the “frivolous” category. Keep your communication to an absolute minimum. They will appreciate it and you will be rewarded with success.
Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.
Jim Kemish
http://www.articlesbase.com/credit-articles/credit-repair-the-power-of-post-bankruptcy-cleanup-123536.html
As a business owner, it’s rarely possible to completely guard against terrible debt; after all, the only way to avoid debt would be not to trade at all. Running a small business is not without risk, but there are steps you can take to reduce the risk of debt. All companies have to get paid everyplace along the line, and it is vital to be aware of the scenery of your customer at the outset of any trading link.
It is often advisable to carry out a credit check on any potential client before entering into a trading link, especially if you have no former knowledge of the client. Also, give the client a credit regulate which reflects the credit rating of the client: if the credit rating is low, then it is advisable to give the customer a low credit regulate and vice versa. If the client exceeds their agreed credit regulate, or invoices wait unpaid, ensure that no further goods or services are provided until the account is brought back surrounded by the terms of the agreement.
It’s also a excellent thought to keep an eye on your customers’ payment history. Poor cash flow or too many debtor accounts are the top problems facing most small businesses – second only to low turnover or lack of business in the first place.
In addition, you’ll want to ensure that your customers know and know the terms of their credit agreements former to commencing any trading with them. Providing the customer with a copy of the terms and conditions which they must sign and return to you can help in the consequence of legal proceedings to recover payment. Furthermore, make sure that any invoice includes the terms of payment and a due date.
Over time, if a customer’s payment of their invoices becomes progressively more sporadic, or even worse, aren’t paid at all, its maybe worth making enquiries with the customer as to the reason for late or non-payment. They might be having financial difficulties – maybe through lack of business – or perhaps their own customers aren’t paying them, ensuing in their failure to pay you.
But, if all your attempts at collecting have failed, what else can you do? You might consider legal action in order to try and receive your money through the court. Or, you might instead use the services of a debt recovery company. There are copious debt recovery companies, such as Capquest, who can help in reclaiming debts, or in some cases will buy the debt from you, although at a reduced rate.
But, whatever you do, don’t let the conundrum become so large that the account is no longer controllable: deal with the conundrum sooner rather than later.
Martin Mcallister
http://www.articlesbase.com/business-articles/risky-business-dealing-with-poor-payers-is-a-business-nightmare-96652.html
You can cut out the middleman, and save hundreds of dollars by filing your taxes online. Join 22 million additional Americans in online tax preparation. It’s your money…why wait? Visit us at www.mba-taxes.com, and file yours online for a measly $14 with the IRS.
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Some of the principles behind consolidating your debt clarified.
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Last month my cousin applied for a used auto loan of $10800 through Wells Fargo Auto Finace and she was putting $2000 down on the car herself. She has been employed as a teacher for 3 being and has student loan debt and a department store card with no balance. She has $6600 in savings. Due to her limited credit she looked-for a cosigner. As I really manage her brokerage account and prepare her taxes annually I am well aware of her ability to repay (please no lectures about co-signing). I agreed to do so as I have been a WF customer for being and have property financed by them as well as savings, IRA, etc. My credit score as a cosigner–760 with no installment payment and very small revolving debt. The WF loan officer–after reviewing my application confirmed it should be no conundrum to approve based upon the info he had and the income and assets involved by both of us. He proceeded to prep the actual loan paperwork in advance of underwriting approval.
But and much to both our surprise underwriting denied the loan and confirmed they would send a letter stating the reason why in 10 days–it really was more like 30. I expected the letter recently WITH MY NAME ON IT and it confirmed the reason for denial was due "past or delinquient payment." As I had NO late payments on ANY accounts with all three bureaus I called WF Finance for an explanation. I was transferred to a manager who told me the reason for the denial was due to my cousin having one 30 day late payment two being ago and because her score was low due to her limited credit and mine was so high "they could not approve the loan due to the amount disparity in the score range and the weight of the score falls on the primary payer" HUH?? Well what the heck is the purpose of having a co-signer if the bank won’t approve a loan for $10800 with the backing of someone who has multiples of the loan amount in THEIR bank in various accounts? They denied the loan because she had a low score and I had a high one. Does this make significance to anyone??
I work in credit card underwriting. If she has a limited file with a delinquency it will weight more heavily as there are no additional "excellent" loans to outweigh that delinquency showing that she can pay on time. The letter should have clearly confirmed that it was her delinquency that was preventing the loan, not yours. Even if she has the incoming cash to back up the loan her fico may have just been too low. It’s called a shallow credit file (limited credit references). Over time her score will increase as long as she can get your hands on some credit. With that being said, lending seems to be more judgemental now that banks have experienced monumental losses over the past year and a half. Your excellent credit should have helped her ability to get a loan, but it will not supercede her credit file if her credit score is just too low to approve. It sounds like they were very unclear in the adverse action letter, and I am surprised a two year ancient delinquency would prevent her from getting a car loan. She should get a copy of her credit report (it is free anytime you are denied credit) so she knows what her score is. The difference in your credit scores should not have had anything to do with the decline reason. Hope this helps to better know the situation.