Mortgages are secured loans that are given to first time buyers, homeowners and people who have bad credit. Once you are accepted for the loan, you must repay the debt, which will include interest rates. Some refinancing loans have additional fees attached. The secured loans have collateral attached, means that if you fail to make payments, you are subject to foreclosure or repossession. The bank will come and take your home and sell it for the amount you owe.
This is why it is wise to make sure you know what you are getting into if you plan to refinance to consolidate your debts. Some loans permit buyers to repay the loans in 25 years, while others allow 30 repayments. Few of the lenders available on the Internet that offer refinance loans for consolidation of debts are aware that people go through hard times-or at least they dont deal with people directly enough to actually feel this hardship through talking to them.
On the loans that offer lower interest rates, combine payments for debt consolidation. If you can manage to pay for the loan in the time stipulated, it is likely that you will take less time to pay back the loan amount borrowed. Once you find a lender to refinance your mortgage and combine your bills for debt consolidation, you will receive a loan based on capital and interest.
The Repayment loans for refinancing and consolidation make it easy, since the lenders will combine the interest and repayments into one monthly installment. Still, few lenders will allow you to repay the interest rates only; however, be aware that these types of loans do not combine your payments for consolidation; rather they put you at risk in some instances.
Still, there are several types of loans available that will help you refinance for debt consolidation, so keep an open mind and mull over your choices carefully before you make a final decision.
One of the most important tasks debtors must carry out to achieve in debt consolidation is keeping away from complications. When debtors have bills that are behind merely because they didnt have the cash to repay the debts, then their stress will build. Some people may go on binge, spending instead of paying their bills, and procrastinating instead of working to restore their credit.
These people may believe that after three, seven or ten years the problem will end, since the credit reports remove any pending debts after seven years and any bankruptcies after ten years. The fact is, the problem doesnt go away the problems only get bigger. Yes, it is true: after three years, if you manage to payoff a debt, then the debt is removed from your credit report. In addition, yes, it is true if after seven years you failed to make payments the debt is removed in most instances from your credit report.
Furthermore, it is true that in many cases, after ten years, bankruptcy is removed from your credit report. If you have the patience to wait this long, can tolerate the hassling phone calls and letters, and dont mind worrying about going to court for this long, then by all means procrastinate.
Bills and debt consolidation is optional, however bill and debt reduction is your best bet. You can do this by start paying as much every month on your bills as possible to reduce your debts.
Have you ever wondered what would happen to your assets if you were sued, in a car accident and it was your fault or if you became disabled or even died? Most people consider this question but do very little about taking the necessary steps to protect their assets.
The first thing to do is to have a plan in place before anything bad happens to you. Even if you are one of the luck ones and nothing ever bad happens, eventually as a fact, everyone dies.
When you die, your bank accounts are frozen, and an executor is appointed to wrap up your estate. This means finding everyone you owed money to, and settling the debts. If you have a family, and all your assets are in your own name, your spouse could be unable to access your funds for up to 2 years.
There are three major concerns when it comes to protecting your assets: estate duties, income taxes, and lawsuits.
When you die, the government claims a percentage of the value of your estate. This amount varies from country to country, and it could be anything from 20% to as much as 55%.
The solution to the estate duty problem is to ensure that your estate is worth as little as possible when you die. Moving your assets into a living trust could be a good solution, as the trust is not taxed upon your death.
How do you legally reduce your tax liability? One way is to decrease your income to an absolute minimum. Anything you need could be paid for by a business. For instance, if you need a new laptop, it could be paid for by your corporation or living trust. It is a legitimate business expense, as long as you use it for generating income, and not just for playing games.
The expenses of a business are deducted from its income before taxes are calculated. For individuals working for an employer, taxes are deducted before you even get your paycheck. That means that your personal expenses are paid for with after-tax income. If a separate legal entity can pay some of these expenses, it reduces the amount of money you need to earn, and the amount of tax you need to pay.
The first thing that happens when someone wants to sue you is that his or her lawyer will try to find out what you are worth.
It is not difficult to find out someones net worth by examining public records. These days, on the internet, it is even easier. What you need to do is look like a poor target. This could mean transferring as many assets as possible into a separate legal entity, which you do not own, but do control. This could be a living trust, or a corporation.
It might also mean that you ensure that properties in your own name are mortgaged to the hilt, so that your net asset value (the difference between what you own and what you owe) is as low as possible. Ideally, you want your assets and your income to be as small as possible, so that you are not worth suing.
Everyone has different financial needs. Laws are different from country to country, and from state to state. It is essential that you get professional advice from a competent financial adviser before doing anything.
If you are in financial trouble, it is already too late. If you transfer assets in order to put them out of reach of your creditors, it may be seen as fraudulent and illegal. You need to have a plan in place before you are sued, and before anyone tries to take your assets away.
You may think that you are too young to worry about asset protection, but it is not too early to get a plan in place. It is a cliche, but still true: If you fail to plan, you plan to fail.
If you are looking forward to borrow money, taking a loan will be a wise decision. Different loan providing organizations exist in the financial market and are ready to serve you loans. But if you are searching for a loan that suits your pocket, opting for low interest unsecured loans will be an optimal choice.
Low interest unsecured loans are specifically designed for borrowers who do not want to put their property at stake. Therefore, they do no have the nightmares of having their property impounded by the lender. These loans are ideal for tenants.
If you have been deprecated as a bad debtor because of multiple debts, do not be disheartened. Low interest secured loans specialize in providing you monetary assistance. Here it becomes important for the borrower to have knowledge of his credit score. FICO has rated credit score as a three digit number and grades them from A-E. A score below 600 is usually considered as bad and is graded E. This indicates that you must follow credit repair steps to improve your credit score. Getting your credit report from a credit rating agency and checking it for accuracy is the first step towards improving your credit score. If it contains certain unsolicited debts, get it immediately updated from the credit rating agency. You are also advised to clear those debts that you can easily pay as these will not be mentioned in the new credit repot. This will help you improve the credit score and get the loan at favorable rates.
Low interest unsecured loans provide flexibility in its usage. One can use the loan for a variety of purposes such as debt consolidation, purchasing a car or holiday package, home renovation, meeting wedding expenses and many other purposes as well.
Low Interest Unsecured Loans benefit the borrowers in an array of way-:
No collateral required
Affordable rate of interest
Quick loan processing
No fear of property repossession
Minimal paper work
Available to bad credit people
Rapid advancements in the field of technology have made it easier for a common man to apply for a loan. Most of the loan providing organizations have their websites on the internet dealing in low interest unsecured loans. Online lenders are capable of providing you loans at an affordable rate of interest. They protect you against all evils that you could face while dealing with physical lenders. Just fill in the hassle-free online loan application form and click the submit button. As soon as the lender receives your loan application he will contact you immediately with the most appropriate loan deal in hand.
Avail the benefit of low interest unsecured loans without placing any security. You are provided with money to snuff out the financial worries without even putting your property at stake.
If youre like most people, you probably want a cheap home loan – but dont know how to reduce your payments.
There are some easy ways to do this. First, find the loan company with the lowest rates online. Second, get the best loan to value on your loan
against the equity in your home.
Lets check each of these out in detail, to give you a better understanding – and a better chance of getting a cheap loan.
Getting the lowest rates online:
There are a lot of deals out there for homeowners – even with poor credit – if they have some home equity! The big variable is in the interest rates that a bank offers.
Youll want to get as many free home loan quotes from as many competing companies as possible, all with just one check of your credit rating.
These companies get lower interest rates then traditional banks because they dont require as many staff, rent or other costs that big banks have to deal with.
Having got your quote, youll now be armed to know the best available rate for your home loan, home equity loan or whatever type of loan youre backing with your homes collateral.
Cashing in with Home Equity:
Now lets find out how to get the most from your homes equity.
What banks often look for in a loan to value ratio in a loan is the value of your home vs. the amount that you still owe on your home.
So, you want to know that the amount that youre trying to borrow is equal to or less then the equity that you have in your home.
The lower the amount that you apply for is under the amount of equity that you have, the better the odds are of getting the loan. For instance if you have $30,000 in equity – youll have a much easier time getting a loan for $20,000 vs. a loan for $30,000.
Also, try getting quotes for different amounts. If you really want $25,000, get quotes for a loan of $25,000, $20,000 and $15,000 and see what the differences in the rates are.
Try to get the amount of money that you really need – and want – dont get greedy! Youll have to pay it back anyway, and your payments will be lowered.
While unconventional financing can cost you money in the long run, it does allow you to avoid borrowing money as a loan that needs to be paid back… whether or not your business makes a profit. With the alternative financing options presented here – if your business fails, your obligation to pay back the money expires. These alternatives, to heading down to your local bank or credit union for a personal loan, are venture capitalists and so-called “angel” investors. In both instances, you are asking individuals to invest their money in your business in exchange for a share of the profits.
Venture capitalists provide money or capital to all types of start-up businesses but should only be considered if your home business concept is focused around technology and if you had access to better hardware it would allow you to make a bigger profit. Venture capitalists primarily look for businesses that have the potential to grow quickly and are run by an experienced and confident owner or management team.
Approaching a venture capitalist is similar to approaching a bank to ask for a loan, except you need to make a more convincing case. The venture capitalist you meet with will be a specialist in whatever industry youre planning to enter and they will turn and run faster than they can say hello and goodbye, if you dont convince them beyond a shadow of a doubt that you know exactly what you are doing. Research any venture capital company before you meet with them. Verify what they are looking for and who their existing clients are.
An important point to remember is that if they ever ask you to pay anything, you are being scammed, so be very wary of anyone who insists that they wont sign an NDA (non-disclosure agreement or privacy agreement) before they see your idea because they might hand it over to one of the companies theyve already invested in.
Normally, venture capital funding is very competitive: so be prepared. The ideal situation is to build a solid version of your business on a small scale and then wait for them to come to you. You should also be aware that accepting venture capital funding will give the venture capitalists a significant say in how your company is run. They will try to force you to grow the company as large as possible but they will effectively take over your company. They may help you get rich but not much fun if youre out to start your own business to get away from the typical corporate way of life.
Angel investors are similar to venture capitalists but on a much smaller scale. They are “real people” who will invest in smaller companies. For a home business, angel investors are a much better idea than venture capitalists.
Angels tend to behave more like a business partner. In many instances, they will invest half the required start-up funds and then take a personal role in the day-to-day running of the business. This contrasts dramatically with venture capitalists which have a tendency to be a more sterile, faceless entity and issue written demands if youre not making an acceptable profit. In addition to providing financing, most business angels also bring with them knowledge and experience which can be a great asset to your business.
On the other hand, you need to remember that they are in this for one reason and one reason only – to make a big profit. When you build your business with the help of an investing angel you need to be able to show them how you will be able to provide them with twice the money they put in and how soon. This doesnt necessarily mean that your business needs to grow rapidly, but it does mean that whatever you plan to spend “their money on” needs to be some kind of tool for making a big return over a relatively short period of time.
The Best Alternative – Staying Independent
Of course, the best way to stay completely independent is to avoid accepting any outside investment. However, if you really need the funding, there are still a few ways to take it and still stay relatively independent.
Regardless of the number of investors, make sure you retain control of at least 51% of your business: otherwise its no longer your business. Remember, if you have a genuinely solid business plan, then the investors are the ones who should be begging you for the opportunity to invest for such a good return. If you ever feel like youre entering some kind of big overwhelming system that requires you to play by to many of other peoples rules then dont. Last but not least, and I must stress that I would only go with this option as a last resort, you might be able to persuade your friends or family to provide the financing. Plus, youll get far better terms and less intervention in the daily operation of your business.
There could be many reasons for which you would like to apply for a payday loan. It could be because of an unexpected emergency, an unaccounted for expenditure, a medical bill, or maybe because your car broke down. At the same time, you could even apply for payday loans to fund a holiday or to buy a gift for someone special. In fact, a payday loan company does not take your credit history into consideration, so even if you have a bad credit history, you can apply for these loans, which is why they are also known as bad credit payday advance loans.
Payday loans are meant to help you to meet your unexpected financial demands and not to aggravate them. As a result, it is imperative to select the right loan. The right loan implies a loan that is available at the best possible rate. And in order to select the best rate, there are certain parameters and points that you should keep in mind.
Compare the annual percentage rate
Now, what could be the easiest way of comparing the rate that is being offered for payday loans by different companies? In fact, all payday loan companies have to disclose the annual percentage rate (APR) of a loan, before you sign the agreement. And this is a direction issued by the US Government and as a result all companies have to comply with it. As a consumer, you need to know that in most cases, a payday loan is paid back within a span of three weeks. As a result, the ARR can be used to compare different lenders but it does not tell you the actual cost of the loan. The advantage is that the APR has to include the interest rate as well as the fees. So when you select the lowest APR, you actually select the best rate available.
Finding out the finance fee
Another point that needs to be taken into consideration is the finance fee that is being charged by the payday loan lender. The finance fees can be in the form of interest rates or in terms of the flat fees. These fees vary from lender to lender. At the same time, in order to attract customers, a number of lenders waive off the finance fees if you are borrowing from them for the first time. So, make it a point to carry out a basic research before selecting the ideal payday loan.
Pay back on time
After youve found the ideal payday loan or bad credit payday advance and met your immediate cash needs, next comes paying back the loan. Ideally, you should try to pay back the loan on the due date. Just in case you cannot, it would mean that you might have to pay an extra fee. So to keep the loan economical, ideally it makes sense to plan in such a manner that you can payback the loan well in time. Try to be prompt in informing your lender and applying for an extension on the time limit to pay back loan just in case you are unable to pay back in time.
In todays society, there really isnt much a person can do that does not involve the spending of money. Money is needed for food, for travel, for communication, for house rents or mortgages, and even for meeting new friends. Many people live on tight budgets. This is why in times of an emergency, accident, or problem, a person is always faced with a financial crisis.
Such financial crisis may lead to more complicated problems such as depression and rocky relationships with loved ones. This crisis may also drive anyone to escape to drinking, drugs, and gambling. But a person need not resort to these self-destructive means when a viable option is available. This option is called the payday loan.
Payday loans are cash advances or short-term loans specifically created to confront such emergency financial crisis. Since the crisis is often urgent, payday lenders, especially the online ones, offer speed and convenience.
Most payday lenders grant the loan during the next business day after the application or loan request has been approved. Applications are often approved during the same day and the loaned amount is deposited overnight into the borrowers bank account. This fast processing is due to the Internet technology and the fact that lenders demand very little requirements. A potential borrower or client needs only to have a job which provides him a minimum monthly wage of about $1000 and to have a checking account which is at least three months old.
Interests for payday loans vary from one lender to another. Such interest is usually stated for every $100 loaned. For example, a $20 interest means that for every $100 borrowed, the client will need to pay $20. Thus, for a $400 loan, the client needs to pay $480 on his due date. The due date is usually the date of the payday. This assures that the client has funds to meet his financial obligation with the lender. The lender usually debits the amount loaned plus the service fees from the clients checking account.
In cases when the full amount cannot be paid, the client has the option to renew or extend his loan by informing the customer service representative by phone or email. Or the client may access his personal online account in the lenders website and click on the link for a loan extension. Of course, the client still needs to pay a certain amount on the original due date, the service fee.
When a person meets his financial obligation and pays the loaned amount in full, he becomes entitled to borrow a higher amount from the lender whenever he needs a payday loan again.
Borrow money for your start up from friends, relatives, or life long associates. Don?t be shy to borrow money from family and friends. Did you know that the founder of Wal-Mart, Sam Walton borrowed $20,000 from his father-in-law?
How about Fred Deluca? A friend of the family loaned Fred $1,000. He started Subway with the money. Today there are almost 22,000 Subway Restaurants Worldwide. Mega corporations and small mom and pop stores have used this method. Don?t be shy, you?ll lose out.
First impressions are key to being successful in borrowing money from those you know. Make your initial approach a pleasantly surprising experience for the intended lender. Be business-like but warm in your dealings. Above all, be yourself, the person they know.
Your Initial Approach
Write down a list of people you think are potential lenders. Go through all of your various address lists. Think of very close relatives. Then list your distant relatives. You know, the ones you call twice a year, but hardly see. Yeah, Cousin Ethel.
Youll have better success with the following types:
1. Those that have money. The more, the better.
2. Do you have past issues with rich Uncle Harold? Don?t go there! Go where warmth and mutual respect for each other reigns supreme. Uncle Harold may treat your approach with disdain. Then he?ll talk about you to other relatives.
3. Business experience? Does your intended lender have any? This is not a requirement, but it would be good if they did. People who have been there understand what you?re going through when the pickings are lean.
4. There has to be some degree of trust between you and your intended lender. This may be last on the list but it certainly isn?t least. In order of importance, it should be at the top.
When your prospects have been whittled down to the top two or three, make the approach. Chose a mutually comfortable place. Have your plans written down. The business-minded lender will ask for that. Clearly record the amount you wish to borrow.
The closer your relationship, the more tentative your potential lender may be. Their primary concern is that the loan would hurt your relationship. Sure loosing the money is always in their thoughts. But I believe a money-damaged relationship is tops.
When you borrow money from friends you must consider a future money-damaged relationship. Take positive steps to allay their fears. Show them a solid all round business plan. Convince them that you have considerably lowered the risk of failure because your relationship with them is important to you also.
Prepaid phone cards are very popular among college students, frequent travelers or simply by anyone who wants to save on their long distance and international calls. Rechargeable prepaid phone cards are especially economic because the minutes that are added after purchasing the card are often less expensive. For instance, an AT & T prepaid phone cards can be purchased at most Wal-Mart stores at a cost of approximately $.08 per minute. When recharged, the minutes average $.05 each.
There are a number of reasons why prepaid phone cards are so popular, including the need to sometimes dial into a long distance telephone number for internet connections. Rather than paying the higher charges with the phone company, the user can have their modem dial using the calling card and then connecting to the internet.
While on vacation, hotels charge significant rates for long distance calls, but prepaid phone cards allow the user to dial into a toll-free number before dialing out to a long distance line. This will save big bucks as it will eliminate any long distance charges on the hotel bill.
Some cellular phones, such as Tracfone, operate on a prepaid basis. For each local call, one minute of talk time is equal to one unit (or minute) of prepaid service. International calls, on the other hand, may be significantly more expensive. In an effort to minimize the cost, some cell phone owners opt for programming prepaid calling cards into their phone and dialing out using the toll-free number. International rates will be higher with prepaid phone cards, but will likely be less than that of a cellular or regular phone service. This process will work on either cellular phones or a regular landline connection.
Along that same line, prepaid phone cards are also helpful in sending faxes. The same rules apply with long distance fax numbers, which can be costly through local telephone companies. The use of prepaid phone cards can often reduce these costs.
Toll-free numbers are free at payphones, so if you find yourself having car trouble or needing to get in touch with someone and the only phone nearby is a payphone, dont worry about having the right amount of coins or having to call collect. If you have a prepaid phone card with you, the call will be routed through the toll-free number at no additional cost to either you or the person whom you are calling.
In addition to the aforementioned advantages, prepaid phone cards are simple to use, easy to recharge from the store of original purchase, online through the prepaid phone cards customer service or via the toll-free number listed on the back of the card.
We scrimp and save over the latest designer wear, even the hottest cars or fancy jewelry but only a handful of people have actually thought about protecting their financial future with private medical insurance. This beauty behind having a private medical insurance is that it enable you to live your life free from unwanted worry if you were to get sick or have an accident that results in unexpected medical bills.
If youre wise youll get coverage while you can still qualify for and afford it, which is before you need it. If you wait until youve been injured or sick, in most cases you wont qualify and if you do the monthly premiums will be extremely high.
Although, private medical insurance doesnt cover long-term illnesses, its designed to cover the financial burden of short-term illnesses and injuries, many people opt to choose private medical insurance since it can be a real help for certain emergencies.
An added perk of private medical insurance is that you actually get to choose which hospital you would like to be treated in, what specialist you would like to consult and what treatment you receive. In most instances, you will also feel like your moneys well spent because youll have the added perk of having your own private room complete with a television and other comforts of home.
If you are seriously thinking of buying private medical insurance, youll have to research which one of the vast number of reputable insurance companies actually provides the best overall coverage. Which one provides the best balance between premium cost and benefits so that if you ever need it, youll get your moneys worth with no surprises.
After applying for coverage, the carrier will send you their insurance policies to insure that you adhere to their requirements and standards. When it comes to which private medical insurance plan thatll best suits your needs and budget, it is wise to ask the insurance company that youre applying for a complete comparison analysis of the types of private medical insurance that they offer.
Ive listed a few samples of possible private medical insurance coverage below:
– In Patient: As a patient, this is wherein you end up staying in the hospital for one or more days.
– Out Patient: From simple treatments to mere consultations, the patient is not asked to stay in the hospital for observation or recovery anymore.
– Day Patient: Similar to In-patient coverage, this is where you still stay in the hospital but for less than a day, usually in the morning.
There is actually a great range of available payment options for private medical insurance buyers from the ever-popular, low cost coverage, which usually offers only limited coverage to the more extensive wide-ranging coverage and benefit plans. It is fairly simple to be approved for day and out-patient private medical insurance coverage, with in-patent being a bit more difficult due to the higher risk involved with extended hospital stays.
The next step is for you to actually get yourself to a trusted physician wholl give you a check-up so youll be able to know based on your physicians assessment which kind of private medical plan you best fit your future needs.
When it comes to choosing, youll actually need to consider these options:
– Always be sure that you are fully aware of the terms that are included in your private medical insurance plan.
– Do you want to have your private medical plan to also allow consultations from specialists as well as out-patient treatments?
– Would you like to have the option of picking out which hospital you would like to be treated at or doesnt matter where they send you to?
For your application for the private medical insurance plan, companies actually need a copy of details concerning your health so that theyll be assured that youre not just simply duping them into paying for your recurrent illnesses and you may not be covered for pre-existing conditions. Finally, when it comes to submitting your claim, you need to contact your private medical insurance company first before receiving any hospital services or treatments because you need to verify that your private medical insurance plan actually covers the treatment that you want or need to have done.
Your physician as well as the resident specialist in the hospital also needs to sign your claim forms to reassure the company that you have actually been treated for the said illness or injury.
Many of us do not know how bailiffs work to collect arrears. Basically, bailiffs are private personnel hired by the local council to handle Council Tax and Poll Tax. Anything that they get from you is auctioned as a way of paying your existing debt. This process of taking your goods, selling them, and paying your debt is called “distraining” or “levying”.
Since October of 1998, the County Court ruled that bailiffs must carry a certificate with them as a proof that they have been hired by the local council. Any complain about a bailiff not following this order can be brought to the attention of the court immediately.
Since April of the same year, a process involving bailiffs and debts has also been at work. This process states that you, as a debtor, must get a letter from the Council which contains the details of your credits. The same notice would bear the warning that if ever you fail to pay your financial obligation within 14 days, bailiffs will be sent to your aid. You may contact a member of the local council within the period for your concerns. You can also make suggestions to the council about the most convenient payment scheme that you can afford. If the council approve of your suggestion, they will ask the bailiffs to stop calling you and save you extra fees in the long run.
DO I HAVE TO LET THE BAILIFFS IN?
One thing that you must know about bailiffs is that you do not have the responsibility to take them in whenever they come. In fact, you can choose not to let them inside your home. If the bailiffs have never been into your home, they have no right to come in at anytime of the day. It is also unlawful for them to break in.
As a form of precaution, avoid the following scenarios:
– Do not open your doors to the bailiffs. Once you entertain them, they will have the power to push past you. If they get inside, they will have the right to enter again and take more of your goods.
– Do not leave your doors and windows unlocked because bailiffs can easily take advantage of any kind of opening. As they cannot ask the police to help them break in, your carelessness is their only ticket.
– Do not fall to any kind of trap. Bailiffs can make several bluffs like asking to use the toilet or the telephone just so they can lure you towards letting them in.
– Do not leave your valuables lying around. Bailiffs can easily take away anything valuable that they lay their eyes and hands on. Make sure that your cars are always shielded from view.
– Do not make transactions inside your home. If you have a certain amount to pay the bailiffs out for your debt, do so but make sure that you transact outside. Do not forget to take a receipt as well.
– Do not sign anything that the bailiffs ask you to. The bailiffs do not have the right to make you sign any sort of document, whether it was left posted in your door or handed out to you personally.
THE BAILIFFS HAVE ALREADY BEEN INSIDE MY HOME
If you allowed the bailiffs go inside your home at once, you are in for a more serious situation. Once bailiffs are let inside, they will have the right to come back again. If you choose not to let them in the second time, they will have the right to break in. What you can do to repair this problem is to get in touch with your local council immediately or make the necessary arrangements with the bailiffs. You can ask your local councilor for help or you can devise a specific payment scheme that you can afford and present it to the bailiffs. If they agree on your terms, you can prevent them from coming back and take any more of your things. Also make sure that you take a receipt of your every payment to be on the safe side.
WHAT THINGS ARE THE BAILIFFS ALLOWED TO TAKE?
Most of your valuables can be legally taken by the bailiffs except for the following:
– Anything that was rented or hired.
– Items or equipment that are necessary for your personal and professional use.
– Your basic daily needs such as clothing, bedding, and furniture.
You will notice that exemptions are not really item specific. The bailiffs may have different interpretation of which items they can take legally or not. If you feel that what they have taken away should have been exempted, you can file an appropriate complaint in your local council.
CAN THE BAILIFFS TAKE THINGS WHICH ARE NOT MINE?
It has been clearly established by the law that the bailiffs can only take what are legally yours. This include items that you co-own with your partner. If the bailiffs attempt to take anything that you do not own, politely tell them about the items ownership by showing receipts or proofs of purchase that will indeed tell them that it is not yours. Also, the owner of the goods can make a sworn statement or a statutory declaration about the real ownership of the items.
Other things that bailiffs cannot take are the ones that are rented or hired. Make sure that you keep a copy of your agreement with the real owner so the bailiffs will not take them away.
WHAT IF I HIDE THINGS OR GIVE THEM AWAY?
It is legal to hide your valuables if the bailiffs have never been inside your home. Once they step in, however, they will list all the items they intend to take. If you try to hide any of those things elsewhere other than your home, you will be committing an offence that is punishable by the law. If you are able to keep the items discreetly out of sight, the bailiffs can rightfully search for them on visits.
The good news is that bailiffs cannot break inside your home just like that. They are also covered by certain laws and procedures that they must adhere to including the following:
– Bailiffs must bring with them a written authorization or a certificate from the local council.
– Bailiffs must hand you a copy of the “Enforcement Regulations” which contain information on what they are only allowed to do.
– Bailiffs must also bring with them a statement of charges that they can take with each visit. They should never make additions to blow up your debts.
– Bailiffs must also bring with them a “Walking Possession” agreement duly signed by you. This agreement contains the list of items that they have warned to take right from their first visit.
HOW DO I STOP THE BAILIFFS?
The most effective measure to stop the bailiffs from taking away your things is to make an arrangement on how you can pay your debt. Devising an effective installment plan will be beneficial for you especially if the bailiffs have never been into your home. Offer only what you can afford to pay to prevent any form of misunderstanding to take place.
The bailiffs cannot send you to prison. If they fail to break into your home, their most appropriate action is to pass your debt back to the council. If this happens, it would be much easier to settle the problem. You better take this as a priority debt because if you do not act on it immediately, the council will find another way to recover the money. They can file an Attachment of Earnings Order, which will take out money from your earnings or other form of order that will summon you to pay your financial obligations dutifully.
In some instances, the council may agree to exempt your case from bringing it to the bailiffs attention. The council allow direct payment schemes for those who are on Income Support, Pension Credit, and Job Seekers Allowance. Better yet, ask the council whether they can take back your case from the bailiffs so you can deal with them directly. Your local councilor can help you make the deal with the council. Explain your reasons and whatever difficulty it will bring you in case the bailiffs break into your home and take your things to stand a chance for a consideration.
HOW DO I COMPLAIN?
There are Enforcement Regulations that the bailiffs must adhere to. However, the National Standards for Enforcement Agents issued by the Lord Chancellors Department is quite tricky. Although it provides specific guidelines on bailiffs behavior in carrying out their duties, mentioning these standards in your complaint may be or may not be beneficial to you.
The law concerning the bailiffs is complex but you can start learning it through by reading the law yourself and trying to understand every bit of technicalities in it. Your personal effort, however, may not be sufficient. If you can, it would be best to get a legal advice on what you can do against what you feel is unlawful action of the bailiffs.
Since October 1998, the bailiffs need to act with a certificate at hand. This certificate to collect Council Tax must be granted by the court. Filing a complaint against the bailiffs can have their certificate withdrawn and their right to enter your house forfeited. To file a complaint, you can write a formal letter to the Court Manager so he can administer a hearing. Once the court find substance in your complaint, it can rule out to cancel the bailiffs certificate, order compensation as well as return of the surrendered goods. Some cases acted favorably to the complainants where their debts have been written off due to the bailiffs illegal acts. This is one of the reasons why you should not take your complaint sitting down. Once you discover an irregularity, you must rush to the Magistrates Court to file a complaint.
The bailiffs report directly to the council and it would be ideal to bring your case there. Once it receives your complaint, it must order the bailiffs to change their procedures. If this do not work, you can call the attention of your local councilor or your local government Ombudsman to look through your case.
If the bailiffs are asking for excessive charges, you can use it as a case for complaint. You can make a written notice to the council telling them that what has been taken from you may be way too much. You can also seek advice from the County Court regarding the appropriate fines the bailiffs can charge you.
Your common sense and your knowledge on local processes can also be useful in determining what amount of fine is reasonable and what is not. If, for example, the bailiffs charged you $80 for attendance with a van and hiring a van costs only $40, you are obviously charged unfairly. When such circumstance takes place, you can instantly call the attention of the bailiffs. Warn them that you will take further action for your complaint to be recognized if they refuse to follow the regulated schedule.
Submit a written complaint to the council so they know how the bailiffs are illegally carrying out their duties. Other than that, you can also apply for a “Taxation” in the County Court. This kind of application will ask the court to look through your complaint within 12 months after which they should submit a decision whether the bailiffs charges have been excessive or not. If the court decides against you, you will be held liable for the bailiffs firms court costs. Thats why you must be careful in taking such action. Please remember, however, that making complaints is worth your every effort especially when you are loaded with evidences that will prove that the bailiffs stepped out of the line.
One of the best kept secrets around for saving money is car loan refinance. However, most people never thought of car loan refinance as an effective way to earn extra cash. So how does a car loan refinance program exactly work? The idea is pretty simple. When you get a car loan refinance program, you pay off your current car loan with another car loan from a different lender that has a lower APR. So basically, a car loan refinance is the same as a home refinance.
Car loan refinance is good for you since refinancing auto loans can lessen your monthly car loan payments. Also, your interest rate drops, allowing you to pay off the balance of your car loan much faster.
The benefits of refinancing are proven when a record number of homeowners refinanced in 2001 and 2002. Today, many car owners are beginning to realize how you can save thousands through car loan refinance, too.
Car loan refinance has become a popular trend especially with todays dropping interest rates. It is like stumbling upon a bankroll you did not know you had or finding cash in your clothes while doing laundry. With car loan refinance, you pay lesser monthly payments, allowing you to pay off your loan balance faster. Imagine how much you can save on interest alone if you could pay off your loan in say 12 years instead of 15. You can use the extra money you save to pay off credit card debt, or accelerate your car loan payoff.
Car Loan Refinance can benefit even those with bad credit.
It is true that car buyers with bad credit can obtain car loan refinance as a way for them to lower their APRs. But because some dealers dupe them into thinking that they have no choice but to stick with 21-25% APR, they do not even think of trying.
Just say for instance that you borrowed $16,500 for 60 months on your new Honda Accord and assume that you have a less than perfect credit rating or have had no previous credit. Your dealer got you approved at 21% APR for a 60 month car loan. So you start paying off your car loan for a few months but then you decide to get a car loan refinance with another lender at 6% APR.
Your current monthly payment at 21% APR would be around $446 while your payment for the new car loan refinance at 6% APR would be about $319. The total interest on your current car loan would be around $10, 283 at 21% APR but you can save about $7,643 of that if you get a car loan refinance with a total interest charge of only $2,639.
See how powerful car loan refinance can be for you?
Mortgage immediate decision loans can be availed by any kind of borrower. They help you to meet all your personal requirements fast. As the name suggests, these loans are suitable for those who are in need of loans urgently. A mortgage loan is nothing but a loan which can be used to purchase a home by using your home as security against the loan.
A mortgage immediate decision loan can help you avail loans despite a bad credit history. Any kind of borrower can avail this type of loan. Moreover, it offers an excellent opportunity to such borrowers improve their financial situation. Unlike other loans, wherein the lenders approve loans easily due to a favorable credit history, these loans can be availed by all. A borrower can also avail a mortgage immediate decision loan at a lower rate of interest.
Every borrower looks forward to avail loans fast. However, it is not possible to get one approved in a short period of time. An instant approval personal loan can be availed fast. The lender doesnt take into consideration the credit history of the borrower. These loans are approved fast and can be availed by any kind of borrower.
An instant approval personal loan can be used for any of the personal needs of the borrower. One can use it for either debt consolidation, educational purpose, renovate your house, going on vacation, or for any other personal need. If one is looking for a small amount of loan, one can get it easily by opting for this type of loan.
In case, a borrower is looking for a large amount of loan, he will have to wait for some time. The lender takes the extra time to verify the credit history of the borrower. This type of loan can be availed online too. By applying online, one can save a lot of time and money. One can also avoid the unnecessary hassles associated with the traditional kinds of loans. Moreover, one can choose from a wide variety of loans available online. You can also get a loan at a lower rate of interest.
If you are looking for a loan at a cheaper rate of interest, you can avail a guaranteed instant decision cheap loan. These loans are available in both secured and unsecured form. A borrower can choose the one which suits his individual needs.
A guaranteed instant decision loan is a loan which is approved by a lender once the borrower pledges some asset as security against the loan. A homeowner can benefit immensely with this type of loan. He can offer his home as security against the loan amount as he can pledge his home as security against the loan amount.
If you are looking to take out some form of loans finance then you need to be very aware that youll have to pay for the privilege of borrowing. There is always a price to pay when we borrow money – this will take the form of the interest rates youll be charged on top of the money you borrow in the first place. So, as you can imagine, it makes sense to make sure that you secure the lowest interest rates that you can so you pay back as little as possible in the end. Surprisingly enough, however, a lot of us dont take up the chances that are out there to get cheap loans which means we simply pay more than we need to for the finance we need to raise. But, the fact is that it is incredibly simple nowadays to find and apply for cheap loans – you just need to follow three simple steps:
1. Try for security
If you are a home owner then you will be able to take out secured loans. These loans work on the basis that you can use your home as security against the money you borrow which gives a lender a guarantee that their money will be paid back. This guarantee means that you will be viewed as less of a risk which in turn means that youll be given lower rates of interest. In fact, the difference between unsecured loan rates and secured ones can be quite marked with some lenders so you could save yourself an awful lot of money. If youre not a home owner or dont want to go down the secured cheap loans path then dont worry – you can still save yourself some money if you play it smart.
2. Do your research
Nobody should take out the first loan they come across without doing some research into interest rates. There are hundreds of different types of loans available to us nowadays from all kinds of sources and there are some fantastic rates and deals knocking around. So, to get the lowest cost cheap loans it is absolutely vital to make sure that you shop around as this is the way you will save yourself the most money.
3. Use the Internet
Shopping around for cheap loans deals does not have to be a hard or time-consuming task. If you use the Internet, for example, then you can check out rates and deals from a range of lenders in just seconds. A good tip is to look at brokers and/or comparison sites where you can compare rates and deals from multiple lenders at once as this will help you hone in on the best deal incredibly quickly and simply. And, you may be lucky enough to find a special low rate Internet-only deal into the bargain
If you follow these three steps then you will greatly increase your chances of finding and getting good cheap loans deals. Remember, you are doing this for you so you really should be doing it before you sign up to anything to make sure that you get the most value you can from any kind of loans package.
Used cars are not as easy to finance as new cars. Lenders are more hesitant of financing vehicles with unknown pasts. However, you can find reasonable rates on auto loans by lining up your financing before you go car shopping. A down payment of 10% or more, plus shopping with a car dealer can also improve your rates.
Get Financing First, Then Car Shop
Pre-approved auto loans have a number of advantages. First, you find out what you qualify to borrow before you get stuck in a contract. You can also play around with loan terms to find a reasonable monthly payment. And sellers are eager to close a deal with a buyer that has secure financing.
Used cars loans often require a slightly higher rate, usually .6 or more, than new car loans. However, rates vary widely between lending companies, so it pays to shop around. Processing your loan before your car purchase relieves you from the pressure of signing with the first lender you find. It also saves you money in lower rates.
Plan On 10% Down
10% is most often required for a used car loan. It signals to the lender that you are investing in this purchase and are willing to make payments. A larger down payment can improve rates and offset low credit scores.
Another way to save money is to choose a short term loan. Since a used car probably wont last as long as a new car, five and three year loans make the most financial sense. You save on interest costs and can start saving for your next car.
Shopping With A Dealer
Some lenders also offer better rates when you purchase through a car dealership, even with used cars. You should weigh all your options when applying for this type of car loan.
Dealerships usually provide a partial warranty for their used cars; they also charge more. You may be able to find an excellent deal in the classifieds, but there is a level of risk with that purchase. However, the difference in interest rates between these types of loans is more than 1%.
Does the loan market and the gamut of options available confuse you a lot? If you are looking for a low monthly payment secured loan, make use of your collateral. A secured loan requires some sort of collateral to secure the loan for the bank. This collateral is usually an asset such as a home, giving the bank the security of something to take to reimburse the loan, should you be unable to repay it.
Unlike the unsecured loans you will have higher interest rates and a shorter repayment time at a lower overall cost compared to the secured loan. Your credit cards and your medical bills are good examples of some of the unsecured loans that will qualify for coverage with a debt consolidation loan.
Lower monthly payment secured loans : your reliable loan option!
A secured loan will surely be your good bet for low rate loans. Compare the repayment amount you are currently paying with the total repayment amount for each one of the quotes you will receive. In order to get the best consolidation loan, it is better to attach collateral in order to gain the trust of the lenders. It is also more difficult for someone with bad credit to obtain an unsecured loan, though it is usually possible. But, it is not the case with secured loan.
You can qualify for a volley of secured loan rates, like fixed secured loan, variable secured loan, floating loan. You can choose to borrow extra money on a secured loan because you will have collateral in your house.
One Easy to Manage Monthly Bill is all that you make towards your loan payment. Compare the repayment amount you are currently paying with the total repayment amount for each one of the quotes you will receive. In order to get the best consolidation loan, you will have to be able to understand and compare the different terms of the loans from each individual company.
Unsecured loan borrower, needs to be a little prudent while selecting a loan so that he/she doesnt incur any loss. If you have difficulties, finalizing on the right loan, seek advice from the online professionals. You dont need to seek advice from experts who charge you minimal fee for guiding you. Instead, reach out to an online lending company, collect all the necessary details and then apply your mind. Choose the right loan by reaching out to the online unsecured loan professionals.
Life is a succession of moments. To live each one is to succeed?
Life is full of uncertainties. One never knows when a financial emergency can arise. You will deal it with comfort if urgent cash need arises in the starting of the month, because you have just got the pay cheque, which you can use to tackle such urgencies. However, what will you do, if it happens in the middle or last week of a month? Borrowing from a friend or a relative is what you must be thinking of, right. Is this the only ready solution to your urgent cash needs? No, you can go for another better option, a payday loan.
Payday Loans are defined as small, short term loans that are intended to bridge the borrowers cash flow gap between paydays. They work as a source of fast cash for short term financial situations. It can also be used to avoid late payments penalties and negative marks on your credit rating.
Pay day loan is a short term cash management tool. It is known by many other names such as fast payday cash, payday advance, payroll advance, short-term cash loans, instant payday advance, and cash advances.
Payday loans are available for an amount ranging from $40 to $1,000. This amount may be extended to $1,500 depending on the lender and the borrowers affordability. Loan term of a payday loan vary from 4-18 days, coinciding with the applicants next payday. Some lenders also offer “rolling over” option which implies that the loan is extended to the next payday. This makes loan repayment convenience to the borrower. Usually, a borrower writes a personal check payable to the lender for the amount he or she wishes to borrow plus a fee.
Payday loans are available at high rate of interest. The loan is provided for a short term thus the lender tries to cover the cost and risk of lending the loan by charging high rate of interest.
In the past, the borrower had access to only traditional lenders such as bank and financial institutions. The loan process used to be very long and time consuming, borrowers had to approach each lender personally.
Information technology has given a different makeover to the whole finance market scenario. The present time is identified as the “Cyber age”. This has marked the entry of online lenders. Online process of applying for a loan saves the time of the applicant. Applicants can apply for a payday loan directly from their home or office computers via the Internet and they need not stand in line and wait in a crowded lending bank to get a loan.
A borrower can access infinite number of lenders at one time. And can apply for the loan at time only. He just needs to fill up a small application form which hardly takes few minutes and the lender then gets back to the borrower with the most appropriate loan matching his individual circumstances.
Online Payday Loans has many benefits attached to it. Payday loan approval is very fast and does not involve credit check. Thus, UK people who have CCJs, defaults or bad credit can also apply for this loan. A borrower need not to wait long to get this loan. The loan gets approved within 24 hours and the loan amount will be transferred directly in the borrowers checking account by the next working day. Borrowers are not required to put any collateral or make down payments to get a payday loan. There is no paperwork headaches involved in the online loan process.
Though, there are number of benefits of applying for a payday loan online. But, you need to stay aware of few facts. Anyone can open a website, so be sure to check out the reputation of an online payday loan lender. Some online lenders are not trustworthy. Just remember: they can take money out of your account just as easily as they put it in.
Do your researches. Take time to compare interest rate and fees that are available from various online lenders. Make sure to evaluate the costs and benefits of all alternatives and you will definitely end up with getting the best online pay day loan.
If you are in the market for a new vehicle, you will want to find a low interest rate car loan. One of the first things to do before starting your search for a new car is to obtain a copy of your credit report. You will want to make sure you have a good credit standing before applying for a new car loan.
One of the first things car dealers do after you fill out an application it to run a credit check. It is not a pleasant experience to find out that your credit is not as good as you thought or that you have errors on your report when you are already at the car dealer. This can be both embarrassing and harmful to your credit. You want to try to avoid having to go from dealer to dealer to obtain a low interest rate car loan. Another tip to remember is that every time a dealer runs a check on your credit, it can affect your credit rating. If you already have a problem with your credit, you do not want to further lower your credit score, even if it is only by a few points. On the other hand, you can request your personal credit report as often as you like without it having any effect on your credit rating.
High Credit Score – Low Risk
Having a high credit score rating is your best bet in obtaining a low interest rate car loan. Many consumers are lured into shopping for a new car by advertisements that promise very low interest rates, sometimes zero-percent financing. Unfortunately, not everyone qualifies for this low of a rate. Only customers with excellent or above average credit will be offered deals like these. This is why it is so important to clean up your credit report as much as possible before applying for a car loan.
Improve Your Credit Score
If you currently do not qualify for a low interest car rate loan there are steps you can take to improve your credit score rating. If the problem is simply an error on your credit report, you can contact the credit rating agency to have the problem resolved. Even though it is their error, they will most often ask for documentation if necessary to back up your claim. For example, if you have already paid off an account and your report shows the balance is $2,500, they will want a copy of the account being paid in full.
By paying your bills on time, you can also improve your score and get a lower interest rate on a car loan. Even if you have had late payments in the past, if your current records show that you are making timely payments, lenders will view your record more favorably.
Your debt to income ratio is also an important factor when trying to obtain a low interest rate car loan. You should try to keep your credit card limits well below the maximum amount allowed. Also, if you have paid off accounts in the past, you should not close the accounts out. Open accounts with a zero balance will help your debt to income ratio score.
For the past few years the role of the money in the market has increased many folds. This is because we live in a materialistic world where desires, needs or wants can only be satisfied with money, and money is not available to everybody, but everyone has needs which need to be met.
For people who do not have money of their own the best way to arrange for money is to take the online cheap personal loans. Online cheap personal loans are loans which any borrower can take regardless of the fact if has any security to offer or in many cases does not have any security to offer. So both the secured and unsecured loan options are available to him.
Many people are left kicking their heels because they do not get the proper loan package that they are looking for. However, that can change if you are to apply for the online cheap personal loans. These loans are the same as the personal loans but with slightly more modified features. Online cheap personal loans also provide many benefits to the customers who borrow the loans.
The benefits of going for online cheap personal loans are:
As the name suggests the personal loans are cheap i.e. the interest rate on these loans would be low. This feature helps a lot of people in going for the loan.
The result of low interest rate is that the monthly repayments are low and that the loan can be taken for a longer period, sometimes as long as 25 years.
While applying for loans the data of the customer also remains safe i.e. it remains totally confidential.
The loan if so desired also gets approved quickly.
While the customer is online he can get acquainted with many other things such as quotes and expert advice etc, this will only help in better utilization of the loan.
With all the features and the benefits that the online cheap personal loans provide there is no other loan that can match the offerings made by this loan.
If any one wants to apply for the online cheap personal loans all they need to do is first estimate their requirement and then search for an online vendor who is willing to provide you with the loans given your profile. The next step after that is to fill in your details in the forms of the creditor. If the criterion matches you can get loans in quick time. So the expert advice would be if you have a reason this is your one possible answer.
Cut back on groceries and gas expense to save money
If our body did not require food, we would have more money. However, our body needs nutrition so we must learn how to save money. Groceries are very expensive these days and prices are going up every day. All these high-rising expenses are because of changes in our economy.
We can save money by making changes in how we buy and eat. It takes a few changes but we can learn how to save money by changing our grocery spending habits and taste buds.
You can save coupons to save money, check out the Internet to find free coupons. The coupons that come in newspapers and magazines are free so take advantage to save money. It only takes minutes to cut or print them.
You will find there are many coupons that offer you various saving options. Watch for different ways; some will offer you money back on certain products. These are called rebate coupons. You will find some coupons that say buy one get one free. When you buy, one you will be saving the full price on the next item.
Buy ahead when you use coupons and watch for sales. Save money by using your coupons and buying items in cases rather than one item at a time. Buying a case on sale can save you a bundle of money.
Change brand names to save. Most items you buy in a can are all made by the same company only have different labels. Watch for savings by reading labels and prices to save you in the future. Maybe one-week buy a case of something and the next week buy a case of something else that is on sale.
You will be saving money by using coupons and buying cases of items when on sale. Stocking up can also be good if you cant get to the store every time you need something. This will save money on car expense by buying ahead when on sale.
Save gas money, wear, and tear on your vehicle at the same time by buying groceries ahead. With the way gasoline is today, we all need to save on gas expense.
Dont make a trip to town everyday to buy something you need for supper. When you buy groceries ahead, you will have extra items such as spaghetti sauce, mushrooms and extra vegetables for a side dish.
Save car expense by buying groceries ahead when they are on sale to save gasoline, tires, and food. Start learning how to save money today by buying sale items ahead.