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Ford last won the day on February 5

Ford had the most liked content!

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About Ford


    Servers get hacked. Equifax, who have now made their way into the NZ market via Veda, were substantiall hacked in the US. They are holders of credit reporting data. The other issue is the onselling of data. Example Veda (Equifax) sell our credit reporting data to subscribers. They could be criminals for all we know. Veda does not have to see our data either. I myself am a subscriber to Centrix. No one has access to Credit reporting software source codes. My credit report held by Veda mysteriously aged two years. Nothing in law required them to give any explanation, other than they "linked historical data to it" that I am still waiting for them to provide. My credit file no longer represents the truth, that all came about because I signed a contract with the bank that allowed them to give my data to a third party reporting agency. It costs me $59.00 to obtain my credit score. A subscriber pays just $22 for the exact same information. Credit reporting is not a service I ever wanted. But I was forced to take part in it when I purchased a product from the bank. Its not just the contents of the data, but what is happening with our personal data. The issue also is NZ law does not have adequate protection for consumers. A lot of the issue is to do with loopholes in the laws that the government won't fix and cross boarder contracts. People are being exploited through many different channels. It takes the government along time to catch up. It will be interesting to see how TPP plays a part. Of course no one can guarantee anything will be 100% safe, but the way I see it is there is just not the proper infrastructure to protect people from being exploited. We just don't have the legal protection to even be compensated if something were to go wrong. Sure you might delete stuff, but you have already captured our personal data (our names and information about us). That is the real asset. I guess there is one advantage to being bankrupted. I don't have any phyical assets, so I don't actually need a Will from that standpoint. The government has already exploited me publically and will continue to do so for the rest of my living life and beyond.

    This is the issue for me:- "Delivery of LawHawk Documents and other LawHawk Services involves the use of third party service providers and systems (including in particular LawHawk’s webhosting provider, HotDocs, telecommunications systems, your own systems, and the internet in general) which LawHawk does not control. LawHawk's service providers themselves operate their services using facilities provided by third parties and subject to those third parties' terms. LawHawk cannot guarantee that access to LawHawk Services will be uninterrupted, error-free, free from viruses, malware or other harmful things, or secure".......your own risk and LawHawk excludes all liability (in contract, tort (including negligence) or otherwise) which may arise in connection with LawHawk Services. I attended a TPP meeting last night by Law professor Jane Kelsey. She spoke briefly about the Ecommerce sections of the TPP and our personal information. She spoke about the holding of personal data by companies offshore. She thinks that the TPP will allow for other countries to provide software services and platforms without the source codes being made available and once our data is made availble to organisations in other countries we lose our protections. Privacy laws will no longer apply. Access to our data could be used in ways that are even against the Bill of Rights Act. Data selling is a tremenously profitable business. This does already happen now with the debt collection and credit reporting industries. Think about when we provide our information for Flyby cards and rewards programmes. That information is used for marketing. Right here in NZ there was a tremdous issue with BNZ's insurance company they resell for. The insurance company was contacting BNZ's bank customers and trying to sell them other products. Our personal data and habits are a valuable asset. Once we give that away we as individuals lose a bit more freedom and a bit more of our democracy. I'm not saying that the products are not great products, the real issue, for me, is what privacy and legal rights am I giving away when I agree to your terms and conditions. Another example. Xero. Gave the username and password to the official assignee so they could access the company accounts of a person who was not even a bankrupt. And another example of my situation as a bankrupt. My information has been made public by the government. The Official Assignee has already been speaking (emailing) a member of the public about my private life and nothing to do with the bankrutpcy. That person is not a creditor in the bankruptcy. Nor is he known to me or any other creditor. As the law stands today, the NZ people don't even have any rights when third parties, whether it be by corporates or government, can access their information in NZ, let alone the rest of the world when they get their hands on it. Its not about the product or service, its about losing the rights to privacy and being open to being exploited by third parties who would have access to my personal information. That is the hidden angle. There really is everything to lose! Nothing is ever free! Sorry, but I will never make a Will with any law firm or any service provider of any documents or templates who will not guarantee that my information will not be provided to third parties or stored offshore. You have said yourself, you cannot guarantee its security. Regards, Lisa Cowe Bankrupt - by the High Court, Christchurch
  3. We'd love to hear your story!

    When I finish writing the book I'll send you a copy

    I did a test will at Justly. A few issues with their platform and some legal issues which I brought to their attention and they are looking into. Justly are not lawyers but they are contracted with lawyers to advertise the lawyers services to help with the Will products. If a customer purchases a service from a lawyer for advice about their Will, customers pay Justly and they pass the money to the lawyers. I brought to Justly's attention that when you request a service from a particular lawyer at the price advertised on Justly's website, you click the button but the page does not go to the terms and conditions of the lawyer, instead you must agree to the terms and conditions first with Justly and all links go to Justly. Also the price displayed for the lawyers service - the payment window is a payment to Justly and the money goes to them first. I asked about what happens If I click to agree to Justly's terms of service which I had to do first before agreeing or even looking at the lawyers terms, and I reached the lawyers terms and decided not to proceed. Justly confirmed that I can bail out before paying and that agreeing to the terms and conditions of both Justly and the lawyer I choose, does not create a binding contract with Justly or the lawyers until the money is actually paid to Justly, via the payment option. I am still confused as to the price. Because the lawyer I chose at $285.00 doesn't say if it includes the price of the Will which I think is $79.00. I still don't know what actual service I would get from a lawyer for $285.00. So I am going to contact the one I chose and ask the question. It may be stated somewhere in the lawyers terms and conditions. The Justly company is legit. Disappointed though at the standard of offering of the products and the way they are promoted. I didn't feel right about it so I haven't continued. Once bitten, as they say. That's my opinion of course, others may have had a more positive experience. The guy who runs Justly he's not a lawyer but helped the best he could with my legal questions. There is probably a lot of grey areas in terms of transactions involving third party suppliers and third party payment systems. Online services and payment platforms can fall outside of regulations in NZ. So in my opinion you won't get the same quality service you could get otherwise. Maybe in time that will change. The purpose of the service is two fold. To allow easier access to creating a Will and to keep estate stuff out of the courts, because apparently its a tremendous cost. Many disputes arise when people die without a Will and also when Wills are not correct legally, they can be disputed. There are a couple of hiccups with the Justly Wills platform. Can't choose an associate category and they are limited as to adding some items. Most of the platform is selecting items through preset choices to eliminate keyed entries. This is so people don't put stuff in the Will that is not legally correct. So it means its fairly inflexible and only suitable for a basic Will. The downfall is that the platform is weak in areas of providing options to better protect one's estate. The best Justly could offer was a trust. My advice - tread carefully, and make sure you read all the terms and conditions of both the law firm and Justly. Justly have said they will make changes to their platform I brought to their attention. So hopefully we will see a more clearer transparent acceptance and payment system. If you are nervous about identity theft when entering your personal info on to the platform, they said that you do not have to put in a valid date of birth and the Will will still be valid. Data is encrypted throughout the website, but I still didn't like the idea of my legal documents being stored offshore, given that the terms I agree to are with Justly with regards to storage and security, not the lawyer. I give the platform a 5 out of 10 and that's because of the legal issues that need sorting. Otherwise the platform was OK to use even if you are a novice. But too restrictive for me. Do a test first Will first on the website, before you commit to the final. You get a full preview for seven days. After that the draft will be lost.
  5. Public meetings around NZ are being held about the Transpacific Partnership agreement that the labour government is completing next month. The Christchurch meeting is on Wednesday, the Scoop says http://www.scoop.co.nz/stories/PO1802/S00193/complete-u-turn-by-labour-and-nz-first-on-tpp.htm I will be interested in the finance and banking parts if they speak about them. Law Professor Jane Kelsey will be speaking. She has also written books about the NZ economy. Some books are on Kindle. Our weak NZ laws already allow terrible corruption in parts of our banking and finance sectors, will TPP just make it even easier for corporates to set up shop for their own financial gains. There is tremendous concern about losing more of our democracy and TPP will make it even easier for international corporations to direct our economy. People are concerned that NZ could be sued by huge international corps if we don't comply with their wishes. Notwithstanding the content of the TPPA, it is still a binding contract against our country that the government is signing/has signed on our behalf. There is an opportunity to ask questions at the meeting, I will try and ask what our community can do to protect ourselves from the consequences of the being in the TPPA. As I have learned the hard way, signing any contract or entering into an agreement you know little about the risk, is foolish and naïve. For the sake of all of us, I hope I am proved wrong. I hope for our sakes TPP is beneficial to NZ. Perhaps its a way for us to have something done about our financial sectors. Through TPP we might be able to have corporate crime resolved in NZ, for example, or fix the banking systems. There are sections on regulation, which NZ needs desperately in the financial sectors. Here is a link to the TPP https://www.mfat.govt.nz/en/about-us/who-we-are/treaties/trans-pacific-partnership-agreement-tpp/text-of-the-trans-pacific-partnership/ You can actually download the PDF sections. I don't think its the whole thing. Anyway, reading through some of the text, what it means to me (as a lay person) there are many conditions and restrictions into imports and exports etc, labour, farming, government works and buildings, pharmacy etc so there is going to be a lot more communication with other countries to do with matters of our economy. NZ will become more known in the international community. Parties in the Agreement will required to provide economic data and measures around its cross boarder activities. Here is a section about New Financial Services:- "Each Party shall permit a financial institution of another Party to supply a new financial service that the Party would permit its own financial institutions, in like circumstances, to supply without adopting a law or modifying an existing law..............." Do we already not have an issue with loan sharks!! While the TPP does set out some standards such as no child labour etc. the agreement essentially takes the people out of the equation. The parties to the agreement between themselves will be deciding our future. I think its a tremendous important part of our democracy for us to be familiar with the TPP, so we can ensure our freedoms and a right to a peaceful life. If we stand by and do nothing, we will indeed end up with nothing. Please go to the TPP meetings if you can, your very survival might depend on that knowledge. So what can we do. Buy NZ made products and services, bank with NZ banks, get rid of your debt and credit cards, trade and share amongst ourselves.
  6. You and your partner's money personalities....

    No, I'm a bankrupt and the quiz gave me the result of Sound Controller

    Yes Justly NZ Ltd is NZ owned. Which includes the NZ Venture Investment Fund which in turn, shareholders include the Minister of finance and Minister of Economic Development 50% each. The terms of Justly - "You acknowledge that JUSTLY may use third party suppliers to provide hardware, software, networking, connectivity, storage and other technology in order to provide the Justly Services. The acts and omissions of those third party suppliers may be outside of JUSTLY’s control," My policy is I will never recommend a customer to hand over personal details across a website, regardless of what security or certificates are displayed thereon. Date of birth is a required field. That information is probably legally required for a Will but online security and keeping ourselves safe from Identity theft should come ahead of that. "Justly holds personal information on servers located in Australia (Sydney – AWS Pacific South East)." HoHum. "Information received and stored by Justly™ when you visit justly.co.nz; justly.com.au; justly.co.uk" Those other websites go back to the NZ domain? I'll try and have a Will done during the term of my bankruptcy. Of course if one dies whilst bankrupt and is left money or assets by the person who died, the OA gets any inheritance first for bankruptcy admin costs before any creditor gets paid. According to Rainy Collins one can make a Testamentary Discretionary Trust, which the OA cannot claim. So its worth knowing that. Assets still need to be protected even in death. But the assets of a bankrupt whilst living, vest in the OA, so it will be interesting to see how that affects the Will of a bankrupt. I will also ask whether bankrupts can leave instructions in their Will, for events to happen at a future point in time after the bankrupt is dead. I recall BNZ presented three sets of terms and conditions at the Disputes Tribunal Hearing against me. None contained my signature but I remembered reading a section they outlined which included bankruptcy and death provisions. Which I expect all bank terms and conditions contain. And who pays for the funeral of a bankrupt? an important question given that there are around two thousand people bankrupted in NZ every year. Some people do die whilst still bankrupt. I wonder what happens to their debt, which is different equity that assets. But debt is still an asset, or the banks wouldn't bother putting in writing their terms of borrowing.
  8. Debt or a savings stash?

    When I tried to query the bank as to the lending they gave me, they sent me an uncommitted monthly income sheet. Not sure what they deem to be actual uncommitted income, but the report they created for my income showed I had $1000 uncommitted each month, which of course justified their lending. I was just breaking even paying my rent and utilities. Its called Fudging the numbers. The bank got very nasty when I started asking questions. I suspect that the banking ombudsman found them out, because I was awarded interest removal on the lending I had. But I never got that compensation because I refused to sign the bribe from the banking ombudsman and that was to try and stop me making further complaints. My hope is that one day the bank in question will pay back to the people of Christchurch, in cash, the interest those people would, like me have been entitled to as compensation for the wrongs of the bank. The debt and mortgage industry is a huge billion dollar business. Innocent people are being exploited because of loopholes in our laws. After the earthquakes the bank rang me and offered me substantial money all interest free for three months. For the rest of my life I will regret saying Yes. It really was a deal too good to be true. I was already in debt to the bank. Even right before they sent the debt to the debt collectors, they tried offering me more debt - and wanted to consolidate the debt into one, and add more interest on top. That would have guaranteed income for the bank for the rest of my life. Now I've been forced into bankruptcy and the courts and the official assignee has added thousands in court costs and bankruptcy admin costs on top of the debt that I still owe. Debt only gives the lender freedom. That is because you are giving them your cash again and again and again. Cashflow is what makes people wealthy. Not fancy houses or cars. Knowledge is what you use to learn how to create cashflow. I love reading books about the stock market and publically listed corporations. I've learnt a lot about how money works as well by reading books on banking and also investment banking. I research monetary policy, laws and the financial markets, and the stock market crashes. Those things will never be taught in school. But that information gave me entirely new perspectives on how the financial systems of our country actually work. And explained a lot about why the government just doesn't seem to get the important stuff right. NZ's financial system is first before anything else. Once I learned that I knew how fundamentally important it was to be able to create my own income (cashflow) and keep it safe.
  9. Survival kits for the over 40's and 50's

    I'm 51. You are kidding? Right?
  10. KEW

    You don't say if you hold debt or not. My suggestion is don't put the cash in the same bank as where your debt is. After the Earthquakes I got a call from ANZ bank offering me money. Unfortunately I said yes. The contract I signed three months later contained a nasty security clause that gives ANZ bank security over everything I hold with the bank. If you become insolvent for any reason the bank will close off access to your cash. It doesn't matter how its invested. Or what sort of an account the money is in. Where ever you invest it, read carefully the terms and conditions, and look for security clauses in the document. Its often the terms of contract that is signed that shifts the risk level and is how people lose money. I would divide a small portion ($20k as suggested is a good amount) of it and put it with different banks, then I would by some kiwi-bonds or other fixed term investment, or government bonds. The more secure the investment the less risk so the least return. I would keep $10k in a three month term deposit in case of big emergencies, and reinvest it each period. I would hold $5K in a standard bank savings account, for day to day emergencies. Again ensuring its not with a bank I hold debt with. Put the bulk of the money in the safest place you can for short periods of time until you decide properly what you will do with it. What annoys me about kiwisaver for example is if I decide later on a better investment, I can't get that money back until I retire. Make sure you do your own research as well in terms of the different asset classes. As Donald Trump says - there are sharks everywhere. He means that once people know you have cash, they will go to tremendous effort to have you part company with it. Ford
  11. NAP from overseas

    Hi, yes it is
  12. Kiwisaver Fees

    Just another example of our corporates and government not putting the rights and wellbeing of the people first. Hohum. My Kiwisaver is parked for 5 years. But ANZ keep taking their $2 every month regardless of the fact that no money whatsovever is going into it. Over the rest of my life until retirement ANZ would have taken $360.00 ($24 per year) in fees. That is guaranteed income for them for the rest of my life. Unless I switch. An MP on Parliament TV stated that the reserve bank had said that financial literacy of people is appauling in NZ. I think that is some of the reason why NZ people don't speak out strongly for change when its obvious our lack of knowledge is being exploited. They don't know what it means to do so and they don't understand how the KS fee structure works or how it affects their personal situation. KS providers, banks and other corporate organisations, (including strong church groups) nationally and internationally heavily influence our laws. It would take a tremendous massive combined effort to effect even a small change. I doubt it will become any easier once TPP is passed into law. As an example A bill has just been passed at the first reading in parliament so people can hopefully soon have the right to end their lives of suffering with the help of others. The end of life choice bill. People started campaigning for that change in the 1990s! Its taken so many years to just get to this point because such strong resistance was put up by corporations that didn't want people being allowed to choose how they could end their suffering. And people wonder why we have a high sucide rate in this country. For the same reason our KS fees are the highest. We all need to get on to our MPs about all sorts of injustices in our country. Quite literally our very democracy will be threatened if we don't. Lobby our MPs to enact laws that put the rights and the wellbeing of us first whether it be Kiwisaver fees or the right to chose how we live and die. If we don't we and our children will pay a horrendus price.
  13. Index Fund options in NZ

    Keep up the good work
  14. Index Fund options in NZ

    They can move this one as well if they wish. On the MoneyHub website contained in their website information, are links to the banks lending pages. The display of the bank's logos, may be in violation of the banks terms and conditions. A website will generally state it has some authority to use logos on its webpages. This is different from providing links to third parties. MoneyHub doesn't appear to be "selling" anything. The website provides an email address and states readers can provide tips etc. But maybe its a phishing website. That is my concern also. My "unauthorised opinion" based on the evidence so far, is that its a one-man band phishing for emails under the guise of a resource page. I have emailed the moneyhub and await their response. Even consumer resource websites have some purpose that is easily visible. Yes Sorted certainly has its issues with spammers.
  15. Index Fund options in NZ

    I will contact the banks. On the Moneyhub pages are actually images of the banks credit cards and logos, this may be in violation of the banks terms.