If you live in the UK and you want to
consolidate your debt, then you have several options. The best consolidation
option for you will depend on your own particular circumstances such as the
size of your debt and how many creditors you have.
Individual Voluntary Arrangement
One of the most popular debt consolidation
options used in the UK is an Individual Voluntary Arrangement, commonly known
as an IVA. With an IVA you can consolidate your debts and clear them in a fixed
period of time. Typically you will make consolidated payments for a period of
five years after which all remaining debts will be written off leaving you debt-free.
The amount you pay each month will depend not only on the size of your debts
but also on what you can afford given your current income and essential outgoings.
By entering into an IVA it is possible for you to reduce your debts by as much
as two thirds. IVAs are an excellent choice for many people with debt problems
they aren’t, however, suitable for everyone. Usually, to qualify for an IVA you
must have debts in excess of A15000 and be in regular employment. If you do not
meet this criterion then you will have to consider other options.
The most common form of debt consolidation
used by people in the UK is debt management plans. A debt management plan is an
informal arrangement made between a person and their creditors to reduce the
size of their debt repayments. Creditors are usually prepared to agree to such
an arrangement if it prevents the debtor from defaulting on the payments altogether.
Typically the plan will also mean that any interest being charged to the debt
is stopped and so the size of the debt is no … » Read more
While everyone knows the stock
market is constantly changing, sometimes it takes a huge turn. The Internet
shocked the Wallstreet to its roots, flipping the world upside down as it
seemed to brokers; allowing even Jane and Joe Public to join the bandwagon of
traders. Now the biggest thing to hit stocks is the Forex market. Foreign
Exchange, or FOREX trading allows anyone on earth to trade internationally 24
hours a day, and make a profit no matter what their nations economy looks like.
While some consider the Forex market a safe investment option, one twist of the
market can bring an entire portfolio crashing to its knees. The fact that Forex
trading is live all day long makes it difficult for traders to keep from losing
money overnight. For this purpose, software developers have launched Forex
robots; software programs that expect and react to every market trend.
These automated online traders
use advanced algorithms to make money on the stock market; competing at the
same time with other bots as well as humans. Because they can orchestrate
multiple trades at once, every second of the day, all a user needs to do is put
in money to invest, turn on the robot, and let it earn money. In just a few
days, investors can see a fruitful bounty in a diversified portfolio that
literally makes money as they sleep. The Forex market is alive with
entrepreneurs; with almost $4,000,000,000,000 switching hands everyday.
The trick to trading Forex is
finding the best robot. The ‘stand strong’ theory plays very well in this
situation: the Forex robot with the superior algorithm trounces the others and
brings in a hefty profit for its owner. While customer reviews can be a nice
way to judge a Forex robot, many times over enthusiastic users … » Read more
As a business consultant, I see more entrepreneurs not able
to obtain funding than I see entrepreneurs obtaining the necessary money to see
their ideas transformed into a viable business. This difference is very large.
It maybe one idea is funded for every 10 that go unfunded but it may be as high
as 1 is funded with 100 never obtaining a nickel. This kind of difference and
the struggles of the entrepreneur who is frustrated by not ever seeing his idea
transformed into reality and making him rich, prompts the question; is there
enough funding for new ideas and companies? How one market’s the idea can sometimes
be more important than the idea when it comes to obtaining venture capital.
The entrepreneur would quickly and resoundingly answer the
question with a “no”! Many entrepreneurs have a hard time or are
unsuccessful in getting money. Their idea is not the problem; it is that there
is not enough funding available. The reality is that making additional money
available to this group of entrepreneurs who have been unable to secure
funding, will not create more companies and in turn more jobs. How can this be?
These ideas, that are not funded, whether for a service or a
product, are really not “better mouse traps” or the entrepreneur is
seen by potential investors as unable to successfully implement or allow the
things required to be delegated to achieve a successful venture.
Most people do not appreciate how hard it is to provide a
service or make a product, inform their target market about the product, get
the product or service to the person who wants to use or buy this service or
product and finally make a reasonable profit while doing and paying for all the
previous mentioned tasks. Some … » Read more
In the past people who
wanted to buy properties in Australia, and needed finance to do so, would
approach the nearest bank for a mortgage home loan or investment loan. Today,
however, the world’s finances are fluctuating more rapidly than ever before. If
you want to keep pace with what is happening and what type of financing
transaction is to your best advantage, you need to compare all the deals on
In the 1980s mortgage
brokers began to make an appearance on the property scene in Australia, and by
the 1990s property buyers and sellers, as well as mortgage loan lenders, began
to make increasing use of their services. Since then about a third of all
Australian mortgages for properties have been negotiated by property loan
Given the current
trends and the large variety of mortgage loans on offer, your best bet is
probably to approach a mortgage broker who will act as an intermediary between
you and your mortgage loan lender. Australian property buyers, together with
those of many of the Western countries are finding it increasingly beneficial
to work through a broker. The lending market has become very competitive and it
can make a big difference to your financial future to make the right choice of
Mortgage brokers tend
to keep their fingers on the pulse of the property markets as well as the
financial markets. From day to day they are aware of the changing dynamics of
property, investments and mortgages on offer.
Naturally they need
their cut for the valuable services they offer, and this typically amounts to
approximately 0.66% of the loan amount paid up front, as well as about 0.18%
per annum. The actual amounts of this commission varies among the different lenders,
and also for different packages.
When … » Read more
optimization can be such a crucial element for any meaningful business success.
In the current competitive market place, every business requires to leverage
all its knowledge base and resources to improve its performance so as to remain
or get an upper edge over other competitors. It is therefore important for
people managing any kind of business whether big or small to seek the help of
management consulting companies to define and attain their company objectives
generally individuals who manage the customer organizations as well as assist
them to realize their objectives and goals by better utilization of company
resources. These firms begin by evaluating the different processes as well as
identifying problems, if any. They assist organizations to implement any
recommended changes and they do charge a fee although their main concern is the
betterment of their customer organization.
The consultants either
work on their own individual undertaking or through companies with a greater support
base. There are those that are specialized in different areas that include
administration, human resource management, research and development, sales and
marketing and manufacturing processes among other areas.
There are various
reasons why people need the services of these firms. These professionals are
very important in a number of ways. Some of the instances when the management
of an organization may feel they need to hire these services include when they
have identified problems within the different processes and they feel that the
performance can be improved if the problems are well taken care of, yet they
lack specialized skills and knowledge to do so.
There are also
situations when the administrator of a firm is highly qualified to handle problems
at hand but do not have time to dedicate to solving such issues hence, they
consider … » Read more