Are Debt Consolidation Companies Worthwhile?
Debt consolidation has helped many people get to a better place financially. So yes, looking to work with a debt consolidation company absolutely can be worthwhile if the circumstances fit — provided you also take note of certain red flags. What Is Debt Consolidation, And Why Do It? Debt consolidation is a way consumers can manage debt by combining various lines of credit into a new loan. While the idea of a “Frankenstein loan” over their head might sound scary at first, it can be preferable to having many smaller lines of credit. Here are some of the things that can make consolidation an attractive option: You only have to…
How to Pay Off Your Student Loans Faster
There are many benefits and opportunities that come with seeking higher education. While borrowing money to do so might seem like a daunting process, obtaining a student loan to attend college or university is an invaluable investment. Earning a degree not only opens doors for your future career, but it is also an incredible experience. The most effective way to pay off a student loan is fast, the quicker you are out of debt the closer you are to financial freedom. That is why it is important to ensure that you get the best loan for your circumstances. Here are a few tips to help you pay off your student…
Why a College Degree is Important
When you are deciding whether or not to get your undergraduate degree, you may feel conflicted. When faced with the expense of college, it is easy to think that maybe you don’t need one after all. You may see people a few years older than you that have great jobs without, and you may see some working in jobs that do not require them. When you are weighing the pros and cons of attending college, the cost is often the deciding factor. It is important to get out of the mindset that college is unaffordable or that earning your degree would be a waste of time and money. Time will…
Spotting Debt Relief Fraud – Before It Happens to You
An offer of help can seem like a blessing in dire situations — and even more so when it comes out of the blue. However, sometimes such offers can be too good to be true, which is why it’s important to look behind them — especially in financial matters — before availing yourself of the assistance offered. If you’re currently struggling with debt, you’re likely on the receiving end of such invitations. With this in mind, having the ability to spot debt relief fraud — before it happens to you — can be the difference between discovering an effective solution and finding yourself in an even deeper hole. The following signs should…
How to avoid over-spending this festive season
The festive season is upon us, and whether you’re a Grinch or Buddy the Elf, it can be hard to resist the tempting offers on around Christmas- make-up advent calendar anyone?! But it’s important to avoid over-spending during the festive season to prevent the January blues from scuppering your 2020 plans. Here are tips to help you manage your money this season, without putting a dampener on your holiday plans: Decide how much you can spend Yes, you might want that beautiful Mulberry bag with the signature postman’s lock (hint hint), however Christmas doesn’t give you carte blanche with your money to start splurging on extravagant items. Instead spend time…
How Does Your Credit Score Impacts the Options for Loan
Before submitting a loan application, you must always be sure about your credit score because credit scoring determines the eligibility to avail of financial transactions such as personal loans, business loans, auto loans, mortgages, and credit cards. Today, every other financial institution, bank or lender analyzes your credit score before approving one’s creditworthiness. Credit scoring serves as the basis for lenders to either accept or deny a loan’s application. The credit score of an individual is a range of numbers between 300 and 850. The better the credit score better the chances to access a loan of any kind. Five Reasons That Influence Your Score This score is affected by five…
Reasons You’ll Need a Bankruptcy Lawyer
“Bankruptcy” is a frightening term on its own, and filing for bankruptcy can be even more intimidating than it looks. Court statistics from September 2010 show that 1.6 million bankruptcy petitions were filed during the Great Recession. If you ever have to file for bankruptcy, you’ll need to keep quite a few things in mind regarding all the laws of bankruptcy. Being somewhat familiar with these laws yourself will likely make the process of filing for bankruptcy much easier for you. Bankruptcy laws encompass both federal and state regulations and thus can become quite complicated to understand. To this point, you’ll probably need to rely on an experienced Chapter 7…
Why You Should Take Your Time When Considering Applying for a Car Loan
Nowadays, there are a variety of options available to consumers seeking financing. Whether you are looking to buy a new vehicle, remodel your house, take a course, start a business or cover any other expense, securing financing has never been easier. In fact, with the advent of online banking and all of the web-based tools available to consumers nowadays, you can apply for a loan and find out if you have been approved or not in no time at all. Even applying for a car loan has been simplified for consumers. Lenders have streamlined car financing to the point that it takes consumers less time to get through the application…
The Differences Between Insolvency Laws in England and Scotland
The sheer breadth and complexity of insolvency laws can be difficult to comprehend and apply to any business looking to enter administration. There are also regional differences to consider, and over the Scottish border, the practice regulations changed on the 6th of April 2019. Together with Business Rescue Expert, voluntary liquidation specialists, we will look at the legality behind this process in both countries, identifying any key differences. On both sides of the border, the aim of insolvency is to provide a legally enshrined solution for businesses to repay any outstanding debts where they are unable to do so. The Insolvency Act 1986 remains the overarching legislative guide for the…
Planning Ahead – 5 Tips to Help You Create a Financially Secure Retirement
Most people imagine retirement will be an endless holiday, filled with visits to see friends and family, overseas holidays, and leisurely games of golf. However, many have little to no savings and no plan to build a retirement nest egg that will allow them to make this dream a reality. With life expectancy higher than ever, most Americans should have two decades to enjoy life without work. This means it’s worth starting your retirement fund planning now so you can comfortably achieve all the goals you have in mind. Here are five tips to get you started. Consider a Self-Managed Super Fund Switching over to a self-managed super fund (SMSF)…
