Steve Thatcher asked: Your debt questions answered – debt management When people get in debt and call the Help With Debt helpline, the question most asked of the advisors is how do I get out of this mess. We are able to explain a host of ideas and solutions, but the three most popular are bankruptcy, the IVA and debt management.In the first two articles in this series I explained by way of questions and answers, the main concerns raised by our callers. Here I will now deal with those relating to debt management.What is a debt management plan?In short a debt management plan is an informal arrangement by which a person in debt agrees to make...
30 Sep
About Credit CardsAbout Credit Cards Majority of the cards you’ll probably notice offer lucrative schemes and rewards. There is an endless list of types of student credit cards, so it becomes very difficult to select the appropriate one for you. All these types of cards can be differentiated on the bases of interest rate; cash back amount, annual fee, bonus and rewards. So you have to pick up the one which is the most beneficial for you. Few types are discussed below:1. Low-interest credit card:i. It offers a low initial introductory annual percentage rate (APR). ii. It also offers significant savings on interest when the amount of large purchases...
14 Sep
During this rough time, investment seems to be a risky venture to undertake. With the fear of a stock market crash, investors fear that they can lose everything they placed in stocks. The temptation is to take all of your money and hide it under a mattress. But investments can still be made by making smart decisions during your investments. However, given that so much is at stake, why would someone who knows little about investing want to start investing?Fortunately, there are many who are here to help.Getting started investingThe amount that you invest is up to you. You do not have to put everything into the stock market. You can always put...
12 Sep
The ultimate goal of any kind of loan is to meet the financial requirements. The common requirement for any kind of loan is that the individual must be an employee. The loan can be a secured one or unsecured. The interest rate will depend on the tenure of the loan and the amount of risk involved in it. The repayment schedule can be devised according to the borrower’s potential. So what is the difference between bank and payday loans?There are several complicated procedures to be carried out in order to obtain a bank loan. Every bank will have to abide the Central Bank regulations while offering the money. Mostly, people prefer to have bank...
4 Sep
We all seek peace of mind, and we all desire security and happiness for ourselves and our families. If we look for the silver linings in this past year’s economic downturn, perhaps the trials some have faced have taught us that peace of mind, security, and happiness do not come from buying a home or accumulating possessions for which the debt incurred is larger than our savings or income can afford. Are you currently in this situation? Wondering what you can do? Or, are you wondering how you can avoid such a predicament? Let me give you a tip that can help you and your family avoid the financial pitfalls that so many people are experiencing.We...
3 Sep
