What Is The Credit Report Organizations Act?

You must be knowing all about those Credit Repair Organizations which promise to fix your credit score in just a little time. If you don’t, let me enlighten you.

Credit Repair Organizations are those companies which help you in increasing your credit score and removing the negative reports from your Credit Report (find the leading ones at https://creditrepairxp.com/credit-repair-companies/), these companies help you in fixing your Credit Report as you pay for their services. But who will save you from the Credit Repair Companies scam?

Let’s face it, not all credit repair companies are going to help you with your credit score and most of them would be just out there to dupe you, so the question is how can you protect yourself from such scams? This is where the Credit Report Organizations Act comes in between.

What is the Credit Report Organizations Act?

In 1996, the Congress passed a law which protects the consumers from the fraudulent credit repair companies which promise them the services which are actually prohibited by the law. So as the complaints by the consumers increased, the Congress decided to pass the Credit Report Organizations Act.

So what does this act entail? This law offers you the following protections:

  • The credit repair organizations cannot dupe you by claiming to provide you with false services.
  • The Credit Repair Company needs to provide its consumers with a written contract.
  • Consumers have the right to cancel the contract within the first three days of signing.
  • A credit repair organization cannot accept the fee before the services have been completed.

So, now since the consumers are protected by the law, they can be certain that a company is not a scam if the company follows the above 4 rules diligently. Moreover, these credit repair companies need to provide the consumer with a disclosure statement titled “Consumer Credit File Rights under State and Federal Law” before getting them to sign the contract.

This statement will help in consumers realizing their rights and would help them in better realizing if they are being duped or not. If a company doesn’t follow through the above-mentioned points, then the consumer has full right to sue the company and then the company will need to pay the price for the same.

So if you ever come across a scam company, you can file a lawsuit against that organization and the court would then order this company to return the money which you paid and in some cases might also order the organization to pay for your attorney charges.

How is it helpful to you?

This law has greatly benefited a lot of consumers which were previously duped by such companies and have given them hope that if a fraudulent company lures them into their trap, they can always file a lawsuit and get their money back. So now you can be sure and can check for a genuine company by making sure that it follows the CROA law and this way you can make sure that your credit repair is in the right hands.

Don’t Bluff your Creditors

When approaching your lender to make an offer of reduced debt repayments, it’s best to be completely honest and offer them as much as you can realistically afford to pay month by month.


Whatever happens, don’t try to call their bluff.
You might think that the best thing to do is to become ballsy about your situation. After all, you know that they dont want to take legal action (because they stand to recover less of their money), and they know that you know this.

So you brazenly call your lenders bluff. You ask for interest to be suspended and then offer them a ridiculously low monthly repayment, backed up by the threat if you want any more then Ill file for my own bankruptcy and youll get nothing.

Great idea? Not quite!

Most lenders will have heard this type of threat every day of their working lives. Its just defensive bravado that will make your position worse.

Do you know how most lenders will respond to this type of macho posturing? Well first theyll stop being so understanding and then theyll reply go ahead and do it!

Now bear in mind that most lenders (e.g. banks, building societies, insurance companies etc) are massive organisations, with vast amounts of money at their disposal. So as much as you might like to think that your business is vital to their continued survival, it isnt! Even if they received nothing from your bankruptcy, it would make less of an impact on their balance sheet than a fly hitting an express train head on.

So they double bluff you.

And then what do you do? Do you back down and look weak (in which case further negotiation will be.difficult, to say the least), or do you follow through with your threat and do something (i.e. file for your own bankruptcy) that you dont really want to?


You should avoid this at all costs. Dont even put yourself in that position!

As I said earlier, they dont want to start legal action, but they will if they have to! So dont even test them with this little bluff.

Forex Trading

Forex trading involves the buying and selling of global currencies. That is, it is the exchange of one currency for another. A Forex trader will buy a certain currency if they believe that its value will strengthen whereas they will sell a currency should they speculate that the value will decline or weaken. In Forex terms, when a trader buys a currency, it is said that they are going long. On the other hand, when a trader sells a currency, it is said to go short.


You can trade Forex with ease and in real-time on the GFB CAPITAL electronic trading platform. This platform will connect you to the largest banks in the world providing you with deeper liquidity as well as variety. Once you have joined GFB CAPITAL, you will gain immediate access to a wide selection of Forex or currency pairs which can be traded 24 hours a day, 5 days a week.

In order to help you understand Forex trading, let us look at an example. Here, our focus will be on the USD/CAD currency pair or the US Dollar and the Canadian Dollar currency pair. The current rate for the USD/CAD is 1.12. This means, therefore, that 1 US Dollar is worth 1.12 Canadian Dollars.

With all this in mind, you may be wondering how you know when to buy or sell a currency. Let us explore this further.

When to Buy or Sell a Currency

Using the example above, a trader will buy the USD/CAD currency if they believe the rate will rise. That is, if the USD strengthens against the CAD, then it is time to buy. Likewise, a trader would sell USD/CAD if they speculate that the rate will drop. That is, if the USD will devalue against the CAD. In order to calculate your profits, you will need to calculate the amount of pips that the USD/CAD has gained or shed.

What are Pips?
In Forex trading, pip is an abbreviation for ‘Percentage in Point and one pip is displayed as the following numerical figure, 0.0001. Based on this, your profits or earnings are determined by the accumulated pips you make on your trades. The smallest movement in the rate of a currency enables you to profit and since these rates fluctuate all the time, there are many trading opportunities in the Forex markets.

In order to understand pips, let us look at the EUR/USD currency pair:

  • Euro (EUR) against the US Dollar (USD)
  • The EUR/USD increased from 1.3804 to 1.3809. The price difference between the currencies is 0.0005 or 5 pips for long and we say that this currency pair gained +5 pips.
  • The EUR/USD dropped from 1.3809 to 1.3805. Here, the price difference is 0.0004, or 4 pips for short and we say that this currency pair dropped by -4 pips.
  • The EUR/USD increased from 1.3809 to 1.3909. In this example, the price difference is 0.100 or +100 pips for long. In other words, the EUR/USD gained +-100 pips.

In Forex trading, the more pips you accumulate, the greater your earnings or profits will be from the market. One of the key benefits of this form on trading is that there is no limit to the amount of pips you can accumulate, nor is there a minimum amount. The decision of this is in your hands as the trader and it is strongly influenced by how well you are able to analyze market movements as well as your investment amounts. Remember that there are many factors which impact the market and it is often driven by economic events that are released almost every day so it may take some time before you master Forex trading. With so much movement and fluctuations in the Forex markets, you could be up 30 pips at one time and then down 200 pips a few moments later. When a trade is in the market, it is referred to as an ‘open’ trade or an ‘open’ position and when you wish to exit this open trade, either manually or by using a stop loss and/or take profit order, this is referred to as ‘closing’ the trade or ‘closing’ the position.
If we could provide you with a definite answer here, we would. While trading Forex, you may have noticed that there are times when you and another trader have both bought or sold the same financial asset. While you both have accumulated the same amount of pips, you have made less profit. Frustrating right? Well, let us explain to you why this may happen.

The bottom line is, the more capital or money you allocate or invest in the trade, the higher the value of each pip will increase. At GFB CAPITAL, the minimum pip value is only 10 cents. This means that if you have invested the minimum amount in the trade and you are currently up 100 pips, your profit in real cash will be $10 (100 pips x $0.10). However, in the case that a trader has invested more capital where each pip is worth $50 and they accumulate 100 pips, this means that the trade is in a profit of $5,000 (100 pips x $50).

So in order to answer how much you can profit with GFB CAPITAL, the fact is there is no limit to your profits since there is no limit to the amount you can invest in the market. If you allocate all of your invested capital into a single trade, then the pip’s value will increase substantially but the risk and market exposure will also increase. For example, if a trader invests $10,000 in a single trade, each pip could be worth more than $140. If the market then moves against the trade by just under 100 pips, the invested capital will be lost. If the market moves in the right direction, gaining 100 pips will double the investment. At the end of the day, as a trader, you must be aware of the risks involved in online trading and ensure that you are only trading with money you can afford to lose.

Are you dragging your debts around you

Are you really struggling with debts? confused what to do, then IVA advice is the solution to your problem. When you are already in debt you are least bothered in paying the upfront fees, you want a friendly advice so, in this case, what do you do? Hence the reason, IVA advice is the best solution for you as they follow the government legislation in giving you every IVA advice. To get the IVA advice, you do not have to worry of paying the upfront fee or any kind of taxes. You can get your free IVA advice with the help of any expert who is ready to listen to your debt problem and help you in getting out of debt.


First of all, IVA advice is easy to understand it is a timely and step by step process. IVA advice is available for people with different levels of financial difficulty. With them there is no objection financial advice which is given selflessly to those that are in desperate need of getting rid of their debts. First of all, they want their clients to compile information about their debts, for example, they want to know of every detail on the debts owed to individual, companies etc. They also require the paper work related to the debts, for example letters from bailiff, or the creditor, bank etc. They recommend to file each and every paper work and specially the recent correspondence as it helps in tracking new information and getting updated on the current status of the debt. In any case, there are court papers received from the court regarding settling the debt than the help from professional is must as they will guide you in responding to the court likewise.

After the compilation of all the debt papers, have a priority list, as it is extremely important. Mark the letters of correspondence, and separate them into the category of low risk and high risk pile. Place the high risk file separately, as it will help you to prioritise and correspond with those creditors that are threatening to send bailiffs your way. Non-priority or low risk letters can always be dealt with. It is also extremely important, to underline the important statements made in the letters that are sent to you, because you can understand the level of seriousness of that correspondence to you.


What are oil sands? Where are they located?

Oil sands are a form of natural crude oil that is combined with sands, clay and water. Oil sands are located throughout the world but the largest known concentration is located in northern Alberta, a province of Canada.


What is the Sustainable North American Oil Sands ETF (SNDS)?

The Sustainable North American Oil Sands ETF (SNDS on NYSE Arca) is the first US-listed ETF dedicated to investing in the largest source of crude oil outside of OPEC nations, Canada’s Oil Sands. The fund invests in companies that cover all aspects of extracting Canada’s Oil Sands and getting them to market. The companies in the fund are large cap and highly liquid and include companies based in Asia, Canada, Europe and America.

Can you describe the underlying index and the methodology?

The fund is based on the Sustainable North American Oil Sands Index® developed by Sustainable Wealth Management, Ltd., a Calgary, Alberta-based index provider responsible for the original benchmark Sustainable Oil Sands Sector Index® (SOSSI Bloomberg).

The objective of the index is to capture the growth of Canada’s oil sands sector by investing in the most liquid energy-related companies from around the world that have operations (equipment, services, facilities, production and/or pipelines) in the region.

Canadian- and U.S.-listed stocks are eligible for the Sustainable North American Oil Sands Index®. The number of constituents is expected to range between 25 and 40 depending on the depth of the market. There will be 31 constituents in the index when SNDS is launched. The constituents are equal weighted and rebalanced quarterly. As of May 25, 2012 the index has a 3.07% dividend yield, 15.7 average price to earnings ratio, $50.4 Billion average market capitalization and $162,300,000+ average daily value of shares traded per constituent (using the last 100 days of volume).

Why invest in SNDS?

Canada’s oil sands represent the largest source of crude oil reserves that can be privately owned (as opposed to OPEC countries where national oil companies own and control the oil).  The oil is located close to existing infrastructure that is connected to the US. SNDS may be considered a means to invest in those companies that stand to benefit most from the United States’ effort to move a significant portion of their energy dependence to North American resources.  Canada follows common law, supports private property rights and is actively promoting the development of the oil sands.  According to a recent quality of life survey, (Center for the Study of Living Standards, May 18, 2012, see Human Development by Province; Study Ranks Quality of Life across Canada, http://www.HuffingtonPost.ca) Canada is one of the safest, most stable economies in the world. Canada could be a direct beneficiary of instability in other oil producing regions and rising global energy demand. (Source www.iea.org for rising demand and discussion of instability in oil producing regions, WEO 2011).

How often will you rebalance SNDS?

The fund is rebalanced every quarter to match the changes in the underlying index. Mergers and acquisitions, spinoffs and large cash dividends might result in additional rebalances in between each quarter.

What are the fees associated with SNDS?

The management expense for the fund is 0.50%, below the sector average and similar to the largest energy sector ETFs with an international focus. (Energy Equities category average fee is 0.52% with 29 ETFs, fees ranging from 0.18% to 0.85% Source: www.etfdb.com/etfdb-category/energy-equities/)

Who should consider investing in SNDS?

SNDS is designed to give investors who want global energy sector exposure with visible growth prospects and an above average investment yield. It gives direct access to the fast growing oil sands sector and is diversified by energy subsectors and companies are based in several key geographic regions such as Asia, Europe and North America.

What is unique about the SNDS approach?

This fund tracks an index that is equally weighted to provide less concentrated exposure to the largest companies and more meaningful exposure to companies with outstanding growth prospects.  According to the Alberta government, there is $200 Billion+ in planned investment in the sector over the next ten years.  The majority of energy-sector ETFs are invested on a market cap basis.  This means that much of the assets are concentrated in just 5 to 10 companies that have extremely large market capitalization (Source: www.etfdb.com/etfdb-category/energy-equities/)

How do I invest in SNDS?

Investing in SNDS is as simple as placing an order in your brokerage account for SNDS on the NYSE Arca exchange.

What is Sustainable Wealth Management?

Sustainable Wealth Management Ltd is a Calgary-based index provider founded by Derek Gates, CFA, the creator of the world’s first Canadian oil sands index. The company provides index information to numerous ETF providers in Canada, Europe and the US. SNDS is SWM’s second US listed ETF following the Guggenheim Canadian Energy Income ETF (ENY – NYSE Arca).

Where can I find more information about Sustainable Wealth Management?

The index company website is swmindex.com. The ETF website is swmetfs.com.

Who are your strategic partners?

Index Provider: Sustainable Wealth Management Ltd

Custodian: Brown Brothers Harriman