February 18, 2017

Sometimes, it is hard to understand why a person would want to steal your identity. However, there are many reasons that a person would steal an identity and they are not all good ones. Criminal minds act out of rebelliousness, desperation, and for personal gain. They all have their own purposes for stealing your identity, but they all possess a negative impact on the victim’s lives that they steal. Stealing your identity is easy for them, and it is crucial that you always use identity theft protection tactics in your life or this is how they will use you identity:

  • Fraud via credit cards- Thieves steal your information and especially your credit card numbers so that they can make large purchases in your name. They do not worry about your credit because they do not have to suffer the consequences. Identity thieves change the billing address of the credit card companies so you do not know when that have committed the crime.
  • Utilities and phone- Sometimes these criminals steal your identity to use for purposes of hooking up utilities and phone accounts in your name. This way they can ruin your credit and reputation as well as benefit when they have already done this to their own good standings.
  • Financial and bank- Identity thieves will steal your personal information so that they may create bank accounts in your good name as well as take out loans they never intend on repaying. Also they steal ATM cards, write counterfeit checks, and take your life savings in an instant.
  • Employment and legal- You can have your identity taken with government documents such as social security cards, drivers licenses, even birth certificates. These smooth minds take this information to obtain employment, governmental benefits, for tax purposes and to receive medical treatment.
  • Personal gain-Complete and utter desperation will cause people do do crazy things. Identity theft gives a person a new self, reputation, and history. With this a person can evade the law, escape their life, and start all over while ruining someone else’s life.

Although you may not want to deal with the fact that identity theft is very popular, it is best to bee safe and not sorry. Ignorance could cause you great hassle and financial short-comings. In order to protect yourself from the various reasons a person may steal your identity you need to be aware of all the facets that identity theft involves. With this unique knowledge and understanding, you will be able to beat this horrific crime before it happens to you.…

A new article on June 3, 2009 from MSN Money writer Michael Brush indicates that there is a third wave of foreclosures still to come from prime borrowers (i.e. those previously “safe-borrowers” with sound credit and fixed-rate mortgages) as a result of job losses thanks to the worsening economy (“Coming: A 3rd Wave of Foreclosures”).

The article states that “In the first quarter, the percentage of these borrowers who were behind on their mortgages or in foreclosure had doubled from a year earlier, to nearly 6%” and goes on to say that “Credit Suisseanalyst Rod Dubitsky predicted last week that 8.1 million mortgages, or 16% of all mortgages, will go into foreclosure over the next four years. A weak economy, continued declines in home prices and rising delinquencies among prime borrowers all but ensure that foreclosures “will march steadily higher,” he says.” Not such great news for the economy, but good news indeed for entrepreneurs interested in starting a foreclosure cleanup business to clean and repair foreclosed homes for the banks.

To put this in perspective, this means that there will be over 2 million foreclosures a year and more than $2,025,000,000 up for grabs in money that will be spent on cleaning up these foreclosed properties (since the average bill is $1000+ to clean up one of these properties).

Let’s take a look at how you can position yourself to capitalize on this coming foreclosure movement

Set Up Your Company Properly

If you want to be hired for cleanup or preservation work, you’ll need to operate your business as a professional company. The good news is that you can set up a business quickly and inexpensively, and usually on your own. Many people decide to set up an LLC (Limited Liability Company) because of how quickly and easily it can be done but you’ll want to check with your accountant or other business professional to select the type of business entity that’s right for your personal situation.

If you do decide to start an LLC, you can usually find all of the documents you need online from your state’s government website. Usually the branch you’re looking for will be called the “Industrial Commission” or “Corporation Commission” or similar. Try typing in “start a business + ______ (your state)”. Anything ending in “.gov” is usually a good place to start as it indicates a government site.

Once your business is set up, you’ll need an Employer Identification Number (EIN), which is like a SSN for your business. You can register for one online: type in “IRS” & “EIN” into a search engine to find the online registration link.

As soon as you have your EIN (which you can usually get immediately online), you can open up a business bank account for your company. This step is very, very important. In the excitement of things, many people get caught up in the day-to-day dealings of running a business and use their personal accounts to pay for business expenses. Not only does …