i only have my mortgage with Abbey…is this email the real thing?
IMPORTANT – Customer Service Message
From: Abbey National plc. (firstname.lastname@example.org)
You may not know this sender.Mark as safe|Mark as unsafe
Sent: 15 December 2008 02:43:27
Dear Abbey Customers Upgrade 2009
Due to concerns, for the safety and integrity of the Abbey
account we have issued this warning message.
It has come to our attention that your Abbey account information needs to be
updated as part of our continuing commitment to protect your account
in this year 2009 and to reduce the instance of fraud on our website.
If you could please take 5-10 minutes out of your online experience and
update your personal records you will not run into any future problems
with the online service.
Once you have updated your account records your Abbey account
service will not be interrupted and will continue as normal.
To update your Abbey records click on the following link:
Update Your Abbey Account Access.
This email was sent by the Abbey Online Server. This is done for your protection.
Please do not reply to this e-mail. Mail sent to this address cannot be answered.
See full details of our guarantee
Abbey National plc.
Authorised and regulated by the Financial Services Authority
Registered in England No.2294747.
Internet Banking Promise :”We’re so confident of our site’s security that we take full responsibility for it: if you ever innocently suffer any fraud as a result of our Internet Banking service, we’ll refund any money taken from your account. That’s a promise.”
For security reasons, when you have finished using Internet Banking always select SIGN OFF.
If you have opted not to receive paper statements it is good practice to regularly check your statement online.
Internet communications are not guaranteed to be secure unless the data being sent is encrypted. Abbey does not accept responsibility for loss arising from unauthorised access to Internet communications and/or the corruption of data by a third party.
Abbey are unable to respond to replies sent to this email address.
i’ve deleted it.
No it’s not real, i contacted Abbey about this last week.I queried it becauswe it says ‘Abbey National’, theyre not known as that anymore.Please don’t respond to these emails.Please don’t click on anything.
How important is it to go with a mortgage broker that is accredited by the BBB when applying for an FHA loan?
I applied online with a company called First Mortgage Corporation out of Frisco, TX. I was approved and they are requesting actual bank statements for my checking and savings account. Is this normal? I researched them and they are not accredited by the Better Business Bureau, but they’ve only had 5 complaints filed in 3 years. I don’t know whether or not to move forward with the process.
Yes it is normal.. Its required,, all pages (if your pages say 1 of 4, you need all 4). They are also checking for large unexplainable deposits etc.
Why are you using a BROKER? Why aren’t you going through your bank for a mortgage? All banks have a regular mortgage dept and generally they dont SELL your mortgage servicing off after you close.
Statement of Cash Flows (check my math on this one too)?
Need help setting up a cash flow statement with information given.?
I am unfamiliar with accounting and having difficultly with this question, I don’t even know where to start. The question is
Determine the cash that Sears will have available to pay a dividend on December 31, 2011. Round to the nearest dollar.
Sears Co., a specialty retailer, has a history of paying quarterly dividends of $0.50 per share. Management is trying to determine whether the company will have adequate cash on December 31, 2011, to pay a dividend if one is declared by the board of directors. The following additional information is available:
All sales are on account, and accounts receivable are collected one month after the sale.
Sales volume has been increasing 5% each month.
All purchases of merchandise are on account, and accounts payable are paid one month after the purchase. Cost of sales is 40% of the sales price.
Inventory levels are maintained at $75,000.
Operating expenses in addition to the mortgage are paid in cash. They amount to $3,000 per month and are paid as they are incurred.
Balance Sheet Sept 30th 2011
Cash 5,000 Accounts Payable 5,000
Acct. Receivable 12,500 Mortgage Note 150,000
Inventory 75,000 Common Stock 1$ par 50,000
Note Receivable 10,000 Retained Earnings 66,500
Building/Land 169000 Totals 271,500
Total Asset 271,500
Notes Rec. represent a 5% interest bearing note due Nov. 2011
Mortage note is a 30 year 7% note due in monthly installments of 1,200.
Okay So accounts Recieveable for 4 months at a 5% increase per month winds up being 53876+ 10,000 (note receiveable) and +500 for its interest+ 20,000 (5k cash x 4). That should wind up to be 84276 as Cash In.
Cash out 21551 (after removing 40% cost sales per month for 4 months from Acct. Receivable and rounded to nearest dollar)+12,000 (operating expense x 4 months)+4800 (mortgage installments x4 although not sure if it should be 3600 and not 4800) + 20k (accounts payable x 4). Which should equal out to 58351.
Cash in= Cash out= 26025 left over to pay out a 25,000 dividend?
Is my math correct or did I mess up somewhere?
I know that but september-december is 4 months.
*Edit: There are four months mentioned. But since cash is not collected form Accounts Receivable until one month after the sale and cash is not paid on Accounts Payable until one month after the purchase, cash will be collected and paid in only three months: October for September, November for October, and December for November. All sales (Accounts Receivable) and all purchases (Accounts Payable) made in December will not be collected or paid for until January of the following year. So it will not affect cash flow before Dec. 31, 2011.
First of all, one quarter of a year is 3 months not 4.
$12,500 collected from September sales
October sales = 12,500 x 1.05 = $13,125
$13,125 collected from October sales
November sales = 13,125 x 1.05 = $13,781 (rounded)
$13,781 collected from November sales
Total cash received from sales = 12,500 + 13,125 + 13,781 = $39,406
Notes Receivable 10,000 x 1.05 = $10,500 cash collected
$5,000 paid for September purchases.
October Purchases = 13,125 x 40% = $5,250
$5,250 paid for October purchases
November Purchases = 13,781 x 40% = $5,512
$5,512 paid for November purchases
Total cash paid for purchases = 5,000 + 5,250 + 5,512 = $15,762
Cash paid for expenses
$3,000 x 3 = $9,000
Cash paid for mortgage payments
1,200 x 3 = $3,600
Cash Flow Summary
5,000 beginning cash balance
+ 39,406 collected from A/R
+ 10,500 collected from notes receivable
– 15,762 paid for A/P
– 9,000 paid for expenses
– 3,600 paid for mortgage payments
= $26,544 available for dividends
Help! What should i write on my credit check for employers, if i’ve had a “statement of claim” sent out to me?
I need some help asap for this!
I’ve defaulted on my mortgage, and resulted to a statement of claim being sent out to me… thing is, i;ve got all that sorted out, still going on to make my monthly repayments, and paid all the outstanding/accrued debts… so basically, all sorted out!
now, i’m applying for a job.. i;ve got the job, training starts tmr.. but their making me do a credit cehck.. and one of the questions asked..
1. Have you ever committed an act of bankruptcy, been declared bankrupt or entered into any form of bankruptcy agreement with your creditors ? Yes No
2. Have you had any financial court actions against you ?
answer 1. i obviously chose No.. but for 2? I dont know what i should write?
any help is appreciated!!
1. ALWAYS tell the truth. If you don’t say yes, it will be considered lying on your application and is grounds to fire you ‘for cause’ whenever they choose to discover it.
2. They can’t reject everyone that has had financial problems. There would not be enough applicants left. They are more interested in the fact you have resolved the problems and learned to avoid them in the future.
I have received an agreement in principle for a remortgage?
and I have had to send copies of my id, bank statements, mortgage statements etc and a cheque for a valuation – does this mean that more than likely I will get the loan?
i have had to send a cheque for the valuation and also documents confirming my bank account, mortgage statement, p60 and payslips
An AIP or agreement in principle is when you have passed initial credit checks with a mortgage lender and they have agreed to lend a certain amount depending on income and such, once you have provided all the details that they require and proof of any evidence they have requested (such as wages slips or ID) then a full mortgage application is produced and submitted and a valuation carried out.
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