“We will approve your new loan only if you move all your investments, mortgage and credit card business to us first.” You have just had your arm twisted by someone applying a lender’s technique known as “tied selling”. This is illegal in most westernized countries, States and Provinces. There are some States where this law is […]

What is Check Kiting? “Check Kiting”  is also known as “Circular Kiting”, or “Riding the Float”. These illegal practices have been used by individuals and by small, medium, and large businesses. These schemes have been perpetrated since the dawn of banking and check writing. Check kiting is also known as “Kiting” for short. The premise […]

The definition of a loan modification is as follows; A loan modification is defined as “the modification of an existing loan agreement between a borrower and a lender, whereby the lender agrees to either; lower the payment amounts by spreading the loan over a longer term, lowering the APR (annual percentage rate – interest), combining […]