Money Minute – Wednesday 22 January

You’re in debt. You need expert debt help and advice. Where do you go and who can you trust? Well in my experience as a debt counsellor for over 8 years it definitely isn’t the friend down at the pub or the man who knew somebody that was in debt. What you do need is guiding in the right direction and that means looking at your debt problem and reviewing the correct course of action.

Financial experts are great help for eliminating consumer’s debt obligations. Learning how to choose the best debt negotiator will ensure you to successfully have a debt-free life.

Getting to the point when you need the help of debt attorneys is not a situation you want to get yourself into. This means you are already in deep financial trouble deep enough to possibly cause legal action against you being initiated by people or institutions you have financial transactions with.

Knowing and accepting the value of debt in business is different. And it took some time for me to accept that debt was necessary. As revenues grew, I became more comfortable. There is a place in business for debt. In fact, now owing money in business no longer chills me to the bone. Secure in the flow of energy, because money is only energy, I warm, almost with heated excitement, to purchasing products and services that create a better experience for customers.

As a debt relief scheme in the UK acting as an alternative to bankruptcy, IVAs (Individual Voluntary Arrangements) can seem very complicated, with the question “how much does an IVA cost?” asked by many considering applying for an IVA. This article examines the true costs of an IVA in detail, explaining how IVAs works and what to look out for.

A growing credit card debt is not something you want to be saddled with even when you foresee your financial situation to improve in the near future. Not being able to stop spending on credit while paying off only the minimums on your monthly statements will cause your debt to grow uncontrolled – soon, you will be over your head in debt and searching in vain for money that has all of a sudden become due. Seeing as you cannot obviously undo whatever loans you have gotten yourself into, you do not have any recourse but to find a workable…

Everywhere you go it seems like you are being bombarded by people wanting to loan you money, people wanting to consolidate all of your debts, over and over, you see it everywhere. Even though all of these different offers really sound good and attractive on the outside, many are simply traps that can actually drag down your credit rating even more. Below are things you should try to avoid if you can. It will be a lot better for you in the long run if you can avoid them.

Budgeting software must be something that can be accessed even when outside your home. Programs such as cash budget example and online budget calculator are typically essential to be accessible in order to have real time information regarding finances.

If you are currently struggling with borrowings and feel your situation has moved past the point where a debt management plan may have been of some aid then you could now be considering individual voluntary arrangements (IVAs) as a way of cleaning up your finances.   However, as with any matter that concerns your fiscal standing, it is vital that you make sure you can answer the question “what is an IVA?” before you start this journey.

We all know how convenient credit cards can be because they allow you to buy things that you may want or need but at the time you don’t have enough cash. Those who offer you credit cards know this and are always trying to find ways to get you to get more cards and spend more. Don’t think that they are there to help you in any way. Remember always that they are just there to get your money and the more they can get from you the better. If you want to try to stay out of debt with your credit cards read more.

You do not have to be a slave to your finances or any debt that you might be in. If you are struggling with your bills you need to understand that you can learn to regain control over your finances which will make it easier for you to stretch your paycheck out and will help alleviate some of the stress caused from feeling like you are out of control. The best thing that you can do to regain your control is to become more organized and make yourself sit down and set up a budget.

Bankruptcy and debt problems are at an all-time high for the middle class. Parents in particular are seeing a large increase in debt levels and insolvencies because of the high costs of raising children. The average cost of raising a child is 27.50 per day from birth to the child being 21 years of age