The Rise and Fall of the Providian Credit Card

When people were being refused by credit card companies because of low income or poor credit ratings, the Providian Financial Corporation came along with the Providian Credit Card. Their credit card accepted these people who were normally disapproved by other institutions. With such a strategy they became the leader in the industry with assets amounting to more than $37 billion and employing 7,000 people. The Providian made drastic moves in the 1990’s by charging high interests that competitors, they offered secured credit card with mandatory credit insurance.

Short Change

The company proved that such changes in their strategy are very profitable but some finance practitioners thought it was unethical and could even be illegal. The lucrative new policies were short-lived as they lost million in penalties and fines, not to mention tons of court cases that were filed by cardholders. It was the worst few years for them in the late 1990’s and they had to go back to a step by selling their high risk investments as customers stopped paying-off their existing loans. In 2001, the financial crisis of the Providian even worsened when the public learned of it. Their stock prices went down to 2% of its value. The company never recovered from the traumatic situation but was able to stabilize and continued its operation.

providian

The Renewal

Washington Mutual, another big name in the financial industry, bought Providian in the amount of $6.45 billion to offer the credit card facility to its estimated 13 million active clients. The acquisition maintained the same card name but under new owners and management of the Washington Mutual and it was able to widen the market reach of their products using both customer account inventories.

Came the Expiration

When the Great Recession 2008 came, big banks which was known to be rock solid, went crumbling down it pedestal. One banking company filed for bankruptcy which made people panic and caused a bank run for the Washington Mutual just 10 days after. An estimated $16 billion was withdrawn by depositors that time when the Federal Reserve stepped in to put a stop to the situation and auctioned the company’s assets which was then acquired by JPMorgan and chase.

The JPMorgan acquisition signaled the demise of the Providian credit card.

About Making Money Online Without Investing Anything

If you’re looking for ways to earn money online without having to invest anything, there are a lot of options at your disposal described over www.walkinsforum.com.

Make money

Below are some of the ways you could make money quickly online:

  • Selling Domain names are something that a lot of people do as a means of subsistence. You can search for keywords that are in vogue and based on that information, buy domain names that you’d think would be in demand soon. Though it would be tough to find one that’d fetch a good price because the catchy ones are sold very fast. You can buy acronyms randomly; you have chances of getting lucky because you never know which ones may come in handy.
  • If you’re trying to make fast and easy money then you can do surveys online. You won’t get a lot of money by doing one but this method earns you money faster than most other options.
  • Providing Transcripts for audio is a line of work that will earn you money quickly, the amount won’t be large but it’d be easy. You can expect quite a fair number of transcript job openings online.
  • If you’re good at editing audios with audio editing software, then you can work as an audio editor for editing interviews and webcasts before they are put online
  • If you have a significant amount of knowledge in a field which people would pay for learning, you should advertise it on a video of yourself speaking about it.
  • You can also become a content writer online, if you have a knack of writing. You will be paid when you reach a certain target.

Before you enter for any online job be aware of scammers. You should check thoroughly till you’re convinced that the company is legitimate, you should not pay any start up money or sign any contract beforehand.

All You Need To Know About NY Injury Lawyers

A NY Injury Lawyer is someone who deals with injury lawsuits for the people who are injured because of other people’s negligence. The person who has been negligent can be anyone – a person or even a company. The negligent party may be the employer, an unknown person, or anyone who induced the injury on the person injured. Under personal injury law falls road or automobile accidents, medical misleading and even wrongful death.

Function

A NY Injury Lawyer makes it easy for the client to get all the compensation from the negligent party for all the damages caused by the accident that occurred and also to see to it that there was no fault of the client. The compensation so recovered should cover medical expenses, wages that have not been given, replacement of the client’s damaged property in an accident induced by the accused party, or any other such losses. To make this compensation available to the client, the injury lawyer puts up a negotiation with the insurance companies or the liable party on behalf of the client. The NY Injury Lawyer also makes sure that the client is not made to give up any rights forcefully during the settlement. Even after this if the case is not settled, this injury lawyer leads the client to trial and represents the client.

Cost

A lot of injury lawyers in New York work on contingency fee. If the NY Injury Lawyer wins the settlement or a court verdict turns in favor of the client, the lawyer gets a particular percentage of the settlement amount. The amount varies depending on the settlement but it is generally between 30%-40%. Without settlement or on the loss of a trial, the lawyer gets no fee whatsoever. The client however has to pay the court fees, photocopy costs, etc.

Reasons For Investing In Real Estate Of Beaufort South California

real estateThe real estate is a thing which needs pretty careful investment. If invested in a wrong place it would mean a high amount of losses. While investing in the real estate you should be pretty sure of what you are looking for. There are two types of properties that you can invest in. the first is commercial property which is only used in commercial purposes. The second option of real estate investment is the residential investment. This investment is profitable as it is cheap and also one can gain from it easily. The residential investment should be made after checking over the property many times. This is essential as a correct property can help you gain a lot while a wrong investment will lead to high losses.

If you are looking for a real estate investment in the country of United States of America then Beaufort in South California is the best choice that you can go for. This is a real estate option which is sure to provide you profits. It is housing city known for providing its users the best option of real estate housing options. These counties give the residents a great environment which free of pollution and green. This is good for health and also a place where one can enjoy their life. The Beaufort SC real estate offers its residents world class golf courses to pass your time playing the favorite game. The climate of this city is a bit warmer when compared to other places in the country thus it makes it a better place for living and enjoying life. The houses built over here are marvelous and are available with different views and of different sizes for you to select from. This place also offers a great variety of seafood and is a place which will be loved by the seafood lovers. So go ahead and invest in this place to make profit easily.

Create Something Special in Your Neighbourhood with Community Race Nights

Do you have a small yet spacey business that caters mostly to your community at large? Do you possess a building that can be used as a gathering place, comfortably holding a reasonably large crowd, or even a function room on your premises that could be used for an evening “do”? Are you passionate about a cause or charity that helps those who live in your community? If you answered yes to at least two of the questions above, you have the potential to grow something special that your friends and neighbours, your client base, will adore, Race nights!

Making a Difference Close To Home
Almost every small business owner who stages an event such as this becomes immediately hooked on the gig. The ones who benefit the most, however, are the customers of businesses that service community needs. There are few greater feelings in the world that compare to the moment just before the Race Night DVDis inserted into the player because you know at that point, regardless of whether you win or lose, that someone or something in need in your neighbourhood is going to benefit. In fact, many community businesses hold regular events to help neighbours in need, families about whom they have come to know and care for.

Bringing People Together
If we were to be honest about it, donating to any cause can be painful even though we know that it is the right thing to do. Sitting alone at your desk at home as you humbly write out a charity check is actually a lonely way to make a difference. Sure, it might feel good inside, but not as good as seeing the muscular body of your horse round the final curve, hooves thundering towards the finish line. I get goose bumps just thinking about it. Seeing the slender streaks of the greyhounds flying around the track, while friends and neighbours cheer for their picks is infinitely more interesting than sitting in the home study writing checks. It makes giving so much more pleasurable.

It Is More than Just a Game
Imagine if you will, coming together with your community once a month or every other week for a good old fashioned get together courtesy of your neighbourhood business/businesses. You find your favourite table or belly up to the bar as the scent of supper wafts through your old-factory. It’s these Race Nights that you look forward to as you listen to the elderly neighbours tell their stories of past glories or dance with friends as you wait for post time. You can feel the excitement building in the room until finally, the familiar sounds of the Race Night DVD kicks in on half a dozen stereo televisions. You may even win tonight! Regardless, when the evening is done and the last race run, you realize that you just had the time of your life and helped someone in your community (or a local cause) at the same time. Giving has never been sweeter.