Archive for October, 2008

Personal And Business Tradeline Programs

Friday, October 31st, 2008

Welcom to the GSCSC, Inc. website and the GSCSC, Inc. website blog. In today’s article, we will be introducing our Personal and Business Tradeline Programs. One of the most important items for building a rock solid personal or business credit profile, is the use of PRIMARY TRADELINE ACCOUNTS, PRIMARY tradelines, INSTALLMENT and REVOLVING tradelines. Without these primary accounts, most tradeline providers offering similar services, are very rapidly red flagged by the personal and business credit reporting agencies. In most cases now, with more and more SPOT CHECKS being performed on personal credit reports, and especially on the companies reporting tradelines, you will find more often than not, that the tradelines you purchase, won’t ever get reported. This is because the holder of the account for example Joe Smith, is reported as having a five year history with Home Depo, with a good credit history, and on time payments, and when the credit bureaus check with Home Depo, and find that Joe Smith was never a customer, that he is not in their database, the credit report containing that line is reported as fraudulent, and the line is removed, or may not even appear on the report at all. In this case, Joe Smith loses perhaps, $1,500.00 which he paid to a company for a fraudulent trade line. In addition to this, the company that reported the illegal, invalid tradeline is also red flagged, and in addition, all of its customers are red flagged as well. Unsuspecting people pay for such types of tradelines for both their personal credit reports, and also for their business credit profiles as well, not knowing the real trouble that is awaiting them.

In order to prevent being red flagged by these bureaus, and more importantly, the banks, and private lenders to which you will aproach for funding, you need valid tradelines that can be verified, showing up on all of your reports, and those tradelines, you must actually be doing business with. Our unique tradeline programs, are a complete set of programs for businesses and for personal credit profiles alike, and these tradelines can all be verified once they appear on your business credit profiles, and on your personal credit profiles. And, since you are actually doing business with these tradelines, they won’t be red flagged by the credit bureaus, banks or private lenders because you are paying a monthly bill, and you are receiving a monthly statement that can be verified. This is the type of tradeline or trade reference that you want on your personal and business profiles.

 

Let’s get straight to the point of this week’s article. Do You Want a 720 to 850 Credit Score Across the Board Within Six Months? Take control of your financial future by investing in the most comprehensive and cost-effective credit restoration program in the nation. Over the last decade we have developed what we call the “advanced methodology of credit repair and credit restoration”.  This advanced approach assesses each client’s unique credit situation and determines the fastest, most cost-effective methods to improve the client’s credit scores across all of the major credit bureaus. Our firm utilizes the most cutting-edge methods of credit repair and credit restoration, which allows us to attack every negative mark on your credit report within a very short period of time. This exclusive program provides a three-prong approach to credit repair which may include the following: 1. Non-Traditional Credit Repair to Remove Derogatory Accounts and Credit Inquiries from all credit bureaus.2. Addition of Valid, Verifiable Positive Tradelines (If Required).3. Credit Management and Development Assistance to all clients. Our Aggressive Approach to Credit Repair Non-Traditional Credit Repair 

We have developed proprietary in-house technology and methods to effectively address every derogatory account and inquiry without being “red flagged” by the credit bureaus. This is an essential part of our program because traditional credit repair companies do not utilize our technology, processing techniques, or our “advanced methodology of credit repair”, therefore credit disputes are mor often than not, disregarded by the personal and business credit bureaus and they are classified as “frivilous”.

 

Addition of Positive Tradelines Addition of the proper number and classification of positive tradelines is an essential part of credit development so long as they are VALID, and VERIFIABLE primary tradelines. Addition of positive credit establishes a favorable payment history, which is required to obtain high credit scores and qualify for large purchases. We have developed a proprietary in-house method of adding the required VALID and VERIFIABLE number of positive primary accounts to your files within 30-60 days. Credit Management and Development Assistance Credit management is extremely important when building personal and business credit. Improper management of open accounts will temporarily lower scores and hinder your ability to qualify for high-limit credit lines. We teach you how to use your available credit to “leverage” more available credit and insulate your files, thereby preventing large monthly fluctuations in your credit scores across the board with all of the bureaus. 

Traditional credit repair companies only focus on removal of negative accounts, which only account for 35% of your total credit score. Worse yet, removal of these trade lines in certain situations will lower all of your credit scores dramatically. Don’t allow them to play “russian roulette” with your credit. Consult a professional that specializes in not only removal of derogatory accounts, but assists with addition of positive credit and teaches “insider” credit management techniques to you at the same time. Traditional techniques such as simply disputing accounts with the credit bureaus and addition of “seasoned” tradelines on a valid SSN, or even on an illegal CPN number have proven ineffective, yet large numbers of so called “law firms” and various fly-by-night companies continue to offer these obsolete methods of improving your credit at a premium price. Check out our Myths Of CPN Numbers article on our website for more information about the illegal use of CPN Numbers. File Segregation or willful intent to defraud lenders to gain credit is illegal.

 

If you have any questions regarding this program, please feel free to contact us at: info@gscsc.net or call us toll free at: (800) 922-5170.   

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Own Your Own Bank

Monday, October 27th, 2008

Welcome to the GSCSC, Inc. blog. In this week’s article, you will learn as an investor, how you can own your very own online bank. Most investors, and private funding sources use these online banks for starting up hedge fund programs for their clients, and for corporate credit funding. This program would normally cost you hundreds of thousands of dollars, but for a short time, you will be able to start your own bank, at a mere fraction of the normal costs, that our compedetors are charging hundreds of thousands of dollars for. See the details listed below for more information.

New Zealand Online Banks, A.K.A. New Zealand Offshore Finance Companies, are authorized to provide banking services under New Zealand law. With very little or no restrictions on the number of customers, deposits, amounts or currencies, the entity can provide individuals and commercial organizations banking services, worldwide. A New Zealand Offshore Finance Company (OFC) can be used to offer financial and investment services to customers worldwide. Your OFC can offer almost anything a fully licensed bank can offer. The word “bank” cannot be included in the name of the bank or OFC, however there are acceptable alternatives that you may use with your bank or OFC, such as “Bancorp” and “Bankgroup”. Activities of an OFC can include but are not limited to:

Deposit taking & lending

Debit and credit card services

Issuing of financial guarantees and instruments

Cash management services

Current accounts

Checking accounts

Savings accounts

Term deposits

Issuing of CDs

Wire transfer services

Payment processing services

Fund management

Marketing of investments

A New Zealand OFC does not need a capital reserve account. A bank, for example, a bank will often need a $1 million to $30 million reserve account before licensure. The OFC does not require this. Directors and shareholders can be of any nationality and they can also be a resident anywhere that they so desire.

OFC Package Features

The New Zealand OFC package offers everything you need as a turn-key service to get you organized and operational. This complete service includes:

Organization of your New Zealand Company Panama holding company

Assistance establishing a bank account

Ability to send and receive wires online

New Zealand Offshore Financial Services Company Formation

Formation of your OFC which includes all of the organizational formalities, documents and government liaison facilitation. Your financial entity will be formed professionally and quickly through our offshore consultants. We will provide all of your documentation, notary and licenses to operate as a bank. A corporate kit and seal will be included with your OFC formation. Registered office with a physical address and onsite agent is included and necessary to maintain your operational entity and is used to assign your status as registered issuer. This service ensures that your offshore financial company is in compliance with local regulations and requirements. Normal setup of such entities by other providers, may cost upward to 1.2 million dollars or more. Our price is only a mere $140,000.00 per bank, and is only available to responsible clients, and investors, as many people use these for Hedge Fund Accounts. You will also receive with this price, your own online banking software to perform all of your banking activities. If you are interested, please contact us through one of our certified resellers or call us toll free at: (800) 922-5170.

Frequently Asked Questions:

 

1. Can I have a local location in my city and operate branches like U.S. banks do? 

 

 

Answer: Not as the bank or it would require U.S. Banking licensing very expensive and takes a great deal of time to acquire, in addition to the even more expensive part, having a capital reserve account, which is required by all Federally insured banks. However, you can be a broker for an independently run bank, similar to being a broker for an insurance company. So in other words, do not advertise yourself as a major U.S. bank, but rather advertise yourself as the broker of an independent bank. It is all in how you do it that makes the difference.

 

2. How much money can you make doing this venture? (estimated figures), and how do I attract customers?

 

 

Answer: You can earn as much money as you would like. I currently have existing clients that are making a great deal of money (over millions per year) doing this exact thing. You have to be creative, market to the right investors and clients to fund your bank, and get it up and generating a profit for you. Putting together a proper business plan, marketing strategy, and investing money into good programs, that you won’t lose money on, are a good plan to start with. The banking program and hedge fund program is for the serious investor or client that has the ability to do this, and succeed. 

 

3. Where does the money come from to fund the bank?

 

 

Answer: The monies will either come from you or people depositing funds into your bank. This could be a group of investors, those that have hedge funds setup, or clients that simply want to do business with your bank, provided that you offer compeditive programs and interest rates. 

 

4. Does the FDIC secure the peoples deposits?

 

 

Answer: No. Since you are in full control of your customer deposits, you will probably want to get some sort of funding insurance to cover the security of the deposits. Insurance is available, called bonded insurance. There is also information listed below that explains from the government website, about how strict compliance is where your OFC is setup. See the information provided Below. 

 

5. Will the united states come after me for taxes or shut my bank down?

 

 

Answer: U.S. people are taxed on worldwide income by the U.S. government. However they have no jurisdictional or legal power in New Zealand to shut down a bank there. As with any business, you should faithfully pay your taxes, and also pay your personal taxes as well, that is the law. Anyway, you wouldn’t want to be arrested for tax evasion, or have all of your Assets seezed would you?

 

6. Can I develop retirement products such as annuities, IRA programs, Etc?

 

 

Answer: Yes, you can offer what any bank can offer. 

 

7. Is the bank regulated by how much interest we can charge the customer?

 

 

Answer: No, however you would want to be competitive to attract both investors and customers alike.

 

 Deposit guarantee programme introduced

Date 12 October 2008

Finance Minister Michael Cullen has announced that, using his powers under the Public Finance Act, the government is to introduce an opt-in retail deposit guarantee programme.

“The programme will cover all retail deposits of participating New Zealand-registered banks and retail deposits by locals in non-bank deposit-taking entities. This would include building societies, credit unions and deposit-taking finance companies,” he said.

The deposit guarantee programme does not include related party liabilities.

The new programme is an opt-in programme and would take the form of a bilateral contractual agreement between the Crown and the individual institutions which take up the guarantee.

The programme will be free for institutions with total retail deposits under $5 billion. A fee of ten basis points per annum will be charged on total deposits above $5 billion. This means that a bank with $20 billion in retail deposits would pay $15 million in fees per annum.

The government is offering this deposit guarantee to address the current situation of international financial market turbulence and it will be for a two-year term in the first instance. This will give time to see how well international financial markets stabilise in the months ahead.

“The deposit guarantee is designed to give assurance to New Zealand depositors. The New Zealand banking system remains sound. We want to ensure that ordinary New Zealanders feel that their deposits are safe in the current uncertain international financial market conditions,” Dr Cullen said.

 

 

 

Bank deposits guaranteed for 3 yearsOctober 12, 2008

 

 

Update  Australia will guarantee all bank deposits for three years and guarantee wholesale funding to Australian banks in an attempt to combat the global credit crisis, Australian Prime Minister Kevin Rudd said.

 

Australian will also double the funds available for mortgage-backed securities to $8 billion to help maintain liquidity for non-bank lenders, Mr Rudd told reporters today, adding the measures were part of an international response to the crisis.

He said the Australian government was in close contact with other countries, including the G-20, and coordinated action was crucial. A government spokesman later said the Australian move was being coordinated with New Zealand, comments later confirmed by New Zealand media.

”The measures I have announced today are part of also international measures designed to unclog the arteries of the global financial system,” Rudd told reporters.

”The government is reassuring Australians that their credit union, building society or bank is a safe haven for their savings,” Louise Petschler, chief executive of Abacus – Australian Mutual, an industry group, said in a statement, according to Bloomberg News.

Opposition Leader Malcolm Turnbull welcolmed the move to guarantee all deposits in Australia, regardless of size.

”It’s a very important step and we will undertake to give the government every assistance in insuring that the necessary legislation will pass through the parliament promptly,”  Mr Turnbull told reporters.  

 

 

This information was taken from the website to which helps investors and customers alike, understand clearly, that their deposits are extremely safe, and well protected in one of these OFC Offshore Finance Company bank programs. This is one of the most safe banking programs offered, and its security is as good as the U.S. FDIC.

  

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