Author Archives: webmaster

Chapter 7 and Chapter 13 Federal Bankruptcy Rule Information

Because of the long-term affects of up to ten years on a debtors credit report, bankruptcy should be used as a last resort. If bankruptcy is the only available option for personal debt reduction, is Chapter 7 or Chapter 13 a better option? This article looks at the different rules for filing personal bankruptcy. What […]

Capital Protected FTSE Tracker — Pros and Cons: Using a Stocks and Shares ISA to Maximise Tax Free Savings

Many investors wish to benefit from positive movements in the FTSE 100 index, but they worry about the downside. Nobody wants to lose all their money on a stock market investment, but tracking an index of blue chip stocks is very different to purchasing penny shares. According to an article about FTSE trackers in the […]

Debt Collection Agencies Not Helping Borrowers: Are Personal Debt Repayments Set Too High?

Excessive, unmanageable personal debts have resulted in a growing demand for Debt Management Plans. The Times recently stated that 700,000 consumers had already turned to debt repayment plans where a lower repayment is made based on affordability. Struggling borrowers are now complaining that debt collection agencies are failing to co-operate and placing them under undue […]

Who is an IVA Most Appropriate For? Individual Voluntary Arrangements – A Debt Solution for Serious Debt

With spiraling levels of personal debt in the UK, it isn’t surprising that the Individual Voluntary Arrangement, also known as the IVA, has grown in popularity as a debt solution. It provides the most viable alternative to personal bankruptcy for dealing with serious debts. What is an Individual Voluntary Arrangement? Provided that 75% of creditors, […]

Hardship Grants Provide You with Fast Cash: Free Government Funding for Those in Need

From time to time, individuals experience things in their lives that leave them wondering where to turn for help. Hardship grants provide financial assistance for individuals who really need it – whether because of a natural disaster, illness or medical condition, loss of work or something else. By understanding how hardship grants work and how […]

The Four Golden Rules to Managing Debt: Beating Debt Before it Spirals out of Control

Debt can creep up unawares and cause a lot of misery. What begins as a small personal loan can get bigger until it spirals out of control. Following four simple steps can help resolve the problem. 1: Claim all Benefits It is surprising how many people do not receive all the money which they are […]

Debt Collection Agencies: Don’t Let Credit Cards and Debts Rule Your Life

Finance companies attempt to get payment from defaulting customers, but regularly fail to achieve this. Customers may have gone missing, moved house or are just being difficult. They all present a problem and become uneconomical to collect. The debt is sold on and the remainder is simply written off against taxes. How Do Debt Collection […]

How To Build An Emergency Fund: Saving and Making Money to Survive Economic Hardship and Job Loss

An emergency fund is money put aside for the worst case scenario such as job loss, major repairs or medical bills. How much money should be in an emergency fund? This varies according to a family’s risk tolerance and expenses. Some people might be comfortable with $1000, while others might want a year’s worth of […]

How to be Financially Secure: What Every Family Should Know about Financial Security

Every family dreams of being financially secure. It means gaining the freedom to live without worrying about job cuts, redundancies or salary reductions. As bleak as it seems now, it is possible to build financial security. According to Australian financial expert and author of The Seven Ages of Money (Choice Books), Tim Blue, financial security […]

Mortgage Insurance – Useful Tips Before Buying: Help for Buyers of Mortgage Payment Protection Insurance or MPPI

The following is a guest post from Houston, Texas real estate developer and entrepreneur Tracy Suttles. Mortgage insurance or MPPI normally pays out after a period of 30 to 60 days, thus ensuring that mortgage payments can be made. Mortgage income protection insurance helps prevent debt problems and can stop repossession. Trawl the Market for […]