5 Benefits of U.K debt consolidation loans
One of the best things that you should do if you are overburdened with multiple credit card debts is to consolidate them. Consolidating your debts is certainly better than paying off multiple creditors. In the U.K, the best way of consolidating your unsecured debts is to obtain a debt consolidation loan. Other than a debt consolidation loan, a debt consolidation program can also help you pay off your debts in affordable monthly payments. Debt consolidation is quite common in the U.K and it has been considered as the best way to resolve your debt issues. Have a look at the 5 benefits of UK debt consolidation loans.
1. Single monthly payment:
The process of a debt consolidation loan involves taking out one loan in order to pay off all your other loans. Most debtors in the U.K have multiple credit cards and have huge balances on each of them. By using a debt consolidation loan, you can consolidate all your debts into a single monthly payment. Instead of multiple accounts and multiple deadlines, now you just have to concentrate on one single debt account. Collect all your savings and put it into this single debt account. Your debt consultant will disburse this account to your creditors.
2. Reduces interest rates:
A debt consolidation loan, like a debt consolidation program, reduces your interest rate on your loan. Credit cards generally have the highest interest rates and that is the main reason why credit card debts are the most common form of debt in the UK. By utilising a debt consolidation loan, you can save a considerable amount of money as you have to pay lower interest rate over the life of the loan.
3. Stops collection calls:
If you take a debt consolidation loan, you can easily pay off your debt with affordable monthly payments. Therefore if your creditor is satisfied with your payments, then he will not turn your account to collection agencies. This waives off the possibility of harassing creditor calls. These calls can be stressful and annoying. Taking out a consolidation loan will help you to get rid of collection calls.
4. Protects your credit score:
Paying off your debts by taking a debt consolidation loan often protects your credit score. Generally failure to make your credit card payments on time hurts your credit score. So, as you are now making timely and regular payments with the debt consolidation loan, your credit score will not be hurt to that extent.
5. Reduces stress:
Debtors who are overburdened with huge credit card debts are always in stress. Nothing can be more stressful than not being able to pay off your debts. So, a debt consolidation loan can reduce this unnecessary stress by helping you with your monthly payments.
Before taking a debt consolidation loan, it is very important to shop for debt consolidation quotes. Other than consolidation loans, a debt consolidation program can also help you with paying off your debts systematically and lead a debt-free life.
Tuesday
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Then look no further than The Money Express. A money comparison site that also has a brilliant section on FREE stuff!!
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Then look no further than The Money Express. A money comparison site that also has a brilliant section on FREE stuff!!
So what are you waiting for - check it out NOW!!
Thursday
Money Tips For Holidays
Money tips for going abroad
A question that a lot of people ponder is how much money should I take on holiday? It’s a difficult question to answer because it depends where you are travelling to and the type of holiday you go for. Will you eat out and go drinking every night? Is the holiday half board or all inclusive?
Here is what I do;
• Research how much it will cost to eat and drink out at a reasonably priced restaurant every night
• Find out how much it will cost for entrances into tourist attractions I want to visit
• Find the general price for a taxi, or the local public transport
• Think about what activities I want to get involved in and how much it’ll cost.
• Ask questions on travel forums to find replies from holidaymakers who have visited the destination
This will give you some idea about how much to take.
Money matters
It’s always a good idea to have access to some emergency funds, with a debit or credit card. I recommend the Egg Visa credit card which has 0% interest until October 2010 on new purchases.
You could also purchase a pre-paid travel card where you can load money on to it prior to leaving the country, and then use it abroad. I’ve recently signed up for a Maestro 360 Quidity card which I find very useful.
Best exchange rates
From my own experience the best places to exchange currency are at the Post Office, Marks and Spencers and I read this week that American Express is offering great rates at the moment. Thomas Cook offer a VIP card which gives you a higher rate, but check the rate they offer before mentioning you have the card! The most expensive places are airports and hotels.
Travel insurance
Travel insurance is a necessity if you’re planning a trip away. But with every man and his dog company offering travel insurance it’s often hard to know where to go. From my research the best companies to go with are; Aviva, Argos, Direct Travel Insurance, In Sure For and Columbus Direct Travel – any of those offer really good rates.
A question that a lot of people ponder is how much money should I take on holiday? It’s a difficult question to answer because it depends where you are travelling to and the type of holiday you go for. Will you eat out and go drinking every night? Is the holiday half board or all inclusive?
Here is what I do;
• Research how much it will cost to eat and drink out at a reasonably priced restaurant every night
• Find out how much it will cost for entrances into tourist attractions I want to visit
• Find the general price for a taxi, or the local public transport
• Think about what activities I want to get involved in and how much it’ll cost.
• Ask questions on travel forums to find replies from holidaymakers who have visited the destination
This will give you some idea about how much to take.
Money matters
It’s always a good idea to have access to some emergency funds, with a debit or credit card. I recommend the Egg Visa credit card which has 0% interest until October 2010 on new purchases.
You could also purchase a pre-paid travel card where you can load money on to it prior to leaving the country, and then use it abroad. I’ve recently signed up for a Maestro 360 Quidity card which I find very useful.
Best exchange rates
From my own experience the best places to exchange currency are at the Post Office, Marks and Spencers and I read this week that American Express is offering great rates at the moment. Thomas Cook offer a VIP card which gives you a higher rate, but check the rate they offer before mentioning you have the card! The most expensive places are airports and hotels.
Travel insurance
Travel insurance is a necessity if you’re planning a trip away. But with every man and his dog company offering travel insurance it’s often hard to know where to go. From my research the best companies to go with are; Aviva, Argos, Direct Travel Insurance, In Sure For and Columbus Direct Travel – any of those offer really good rates.
Wednesday
Fancy earning yourself some extra cash?
Our new affiliate programme
Fancy earning some extra cash?
Then sign up today to Debtline Direct’s affiliate programme and earn yourself £10 for the sign up!
!!CLICK HERE TO GET STARTED!!
Our payouts are amongst the best in the industry - £50 is payable to you once we agree a plan with a client you refer.
Just send traffic to DebtLine-Direct.com - you'll be able to see who has filled a form out from your affiliate log in area. We'll then do all the hard work - contact the client and work out a plan with them. Once this has been done, you earn £50!
The website has many calls to action, meaning a high conversion rate (Typically 10%), meaning high payouts for you! We also offer a 60-day cookie life, so even if a client you refer doesn't get in touch today, you'll still earn if they do within 60 days!
To join, click on the link below; any questions do not hesitate to contact me.
Thanks
Sarah
!!CLICK HERE TO GET STARTED!!
Fancy earning some extra cash?
Then sign up today to Debtline Direct’s affiliate programme and earn yourself £10 for the sign up!
!!CLICK HERE TO GET STARTED!!
Our payouts are amongst the best in the industry - £50 is payable to you once we agree a plan with a client you refer.
Just send traffic to DebtLine-Direct.com - you'll be able to see who has filled a form out from your affiliate log in area. We'll then do all the hard work - contact the client and work out a plan with them. Once this has been done, you earn £50!
The website has many calls to action, meaning a high conversion rate (Typically 10%), meaning high payouts for you! We also offer a 60-day cookie life, so even if a client you refer doesn't get in touch today, you'll still earn if they do within 60 days!
To join, click on the link below; any questions do not hesitate to contact me.
Thanks
Sarah
!!CLICK HERE TO GET STARTED!!
Friday
New Barclaycard payment system
Consumers and retailers can look forward to taking advantage of the Barclaycard SmartPay system this summer.
The firm revealed that it will be launching the payment processing system at some point in the next three months.
It will feature fraud-protection tools and be PCI DSS compliant, according to the firm.
Managing director of global payment acceptance at Barclaycard Paul Cook hailed the significance of the new system.
"Barclaycard SmartPay will make it easy for businesses which operate across the EU to accept all types of payments online," he explained.
One of the key features of the new technology is that it will cover cross-border payments and offer the customer the opportunity to alter the language and currency settings of their transaction.
This month, Barclaycard revealed that the interest rate on its Platinum Simplicity product has been cut to 6.8 per cent, with this fee applying to purchases as well as balance transfers.
If you're experiencing debt issues - these are fantastic books to get you back on track of your finances.
The firm revealed that it will be launching the payment processing system at some point in the next three months.
It will feature fraud-protection tools and be PCI DSS compliant, according to the firm.
Managing director of global payment acceptance at Barclaycard Paul Cook hailed the significance of the new system.
"Barclaycard SmartPay will make it easy for businesses which operate across the EU to accept all types of payments online," he explained.
One of the key features of the new technology is that it will cover cross-border payments and offer the customer the opportunity to alter the language and currency settings of their transaction.
This month, Barclaycard revealed that the interest rate on its Platinum Simplicity product has been cut to 6.8 per cent, with this fee applying to purchases as well as balance transfers.
If you're experiencing debt issues - these are fantastic books to get you back on track of your finances.
Debt problems making new Mother's go back to work
More than half of new mothers return to work due to financial pressures, a survey finds, with 56% admitting they were unprepared for the fiscal impact of having a child.
New mothers are being forced back to work by debt and financial worries, with many cutting short their maternity leave, according to research published today.
In contrast to the image of modern mothers "having it all", more than half (52%) of those returning to work after the birth of a child do so because of financial constraints, and one in 10 are doing so before the end of their planned maternity leave.
Only 22% choose to return because they want to continue their career, the survey by comparison website uSwitch found.
It found that the average net household income drops by 34% from £3,431 to £2,266 a month while on statutory maternity pay. But at the same time costs soar, with parents spending an average of £2,152 in the run up to the birth on baby items, and a further £2,521 – more than a month's reduced net household income – after the baby is born.
The average amount saved in anticipation of having a baby is £3,265, but 56% of the 1,000 mums questioned for the survey said they were not fully prepared for the impact of surviving on a reduced income.
Nearly a third of new mums were not aware of their company's maternity package when they decided to have a baby, and 30% decided to go ahead with getting pregnant even though the package was not ideal.
More than four in 10 mums have ended up in debt while on maternity leave, with an average £1,329 incurred.
However, although the financial impact forced 9% back to work early and another 9% to rethink their plans to be a stay-at-home mum, 40% take a pay-cut so they can work part time.
Worryingly, just 21% of new mothers returning to work believed their future progression and earning capacity had been unaffected by their maternity break.
Ann Robinson, consumer policy director at uSwitch, said: "Debt and financial considerations combine to be the biggest motivating factor behind new mothers returning to the workplace. Despite women being told that they can 'have it all' and can choose whether to be a working or stay-at-home mum, the fact is that most have this choice stripped away from them by the financial realities of modern life.
"With the new government planning to cut child trust funds and the impending budget causing concerns over pay freezes and redundancies, family finances are under more pressure than ever. The high cost of living coupled with the often crippling cost of a mortgage means that many households today need two incomes to get by. Unfortunately, new mothers are often paying the price for this by seeing their choices taken away."
If you’re a new mother and struggling in debt, visit DebtLine-Direct.com today and let us help you get your finances back under control.
Further reading;
New mothers are being forced back to work by debt and financial worries, with many cutting short their maternity leave, according to research published today.
In contrast to the image of modern mothers "having it all", more than half (52%) of those returning to work after the birth of a child do so because of financial constraints, and one in 10 are doing so before the end of their planned maternity leave.
Only 22% choose to return because they want to continue their career, the survey by comparison website uSwitch found.
It found that the average net household income drops by 34% from £3,431 to £2,266 a month while on statutory maternity pay. But at the same time costs soar, with parents spending an average of £2,152 in the run up to the birth on baby items, and a further £2,521 – more than a month's reduced net household income – after the baby is born.
The average amount saved in anticipation of having a baby is £3,265, but 56% of the 1,000 mums questioned for the survey said they were not fully prepared for the impact of surviving on a reduced income.
Nearly a third of new mums were not aware of their company's maternity package when they decided to have a baby, and 30% decided to go ahead with getting pregnant even though the package was not ideal.
More than four in 10 mums have ended up in debt while on maternity leave, with an average £1,329 incurred.
However, although the financial impact forced 9% back to work early and another 9% to rethink their plans to be a stay-at-home mum, 40% take a pay-cut so they can work part time.
Worryingly, just 21% of new mothers returning to work believed their future progression and earning capacity had been unaffected by their maternity break.
Ann Robinson, consumer policy director at uSwitch, said: "Debt and financial considerations combine to be the biggest motivating factor behind new mothers returning to the workplace. Despite women being told that they can 'have it all' and can choose whether to be a working or stay-at-home mum, the fact is that most have this choice stripped away from them by the financial realities of modern life.
"With the new government planning to cut child trust funds and the impending budget causing concerns over pay freezes and redundancies, family finances are under more pressure than ever. The high cost of living coupled with the often crippling cost of a mortgage means that many households today need two incomes to get by. Unfortunately, new mothers are often paying the price for this by seeing their choices taken away."
If you’re a new mother and struggling in debt, visit DebtLine-Direct.com today and let us help you get your finances back under control.
Further reading;
Tuesday
Can a debt management company clear all my debts?
* They can help you to consolidate all your unsecured personal credit. For example, loans, credit cards, store cards, overdrafts catalogues etc. If you have priority debts such as council tax, rent or mortgage arrears we shall make allowances within your monthly expenditure for the repayment of these.
How much will I have to repay each month?
* Your dedicated advisor will assess your finances and agree a repayment that you can afford. This could be much lower than you are currently paying.
Will I be repaying over a longer period?
* In the case of "Debt Management" the debt and the period over which it is repaid may increase. This is due to them negotiating reduced repayments on your accounts therefore, taking longer to repay. They could also be able to get your interest and charges frozen utilising an IVA, in which case the repayment period may be reduced.
Will they freeze interest and charges being applied?
* Due to the way they charge, clients benefit from the services of a debt management company like DebtLine Direct as they only charge a set fee. Not a percentage of your monthly repayment. This means more of your money is sent to your creditors each month which in turn reduces your balance in a shorter period of time.
* This helps them to get your interest and charges frozen or reduced drastically!
* There are no guarantees with unqualified financial advice.
Any person that states they can freeze interest and charges on personal debts immediately without entering a client into an Individual Voluntary Arrangement (IVA) is not being honest with you.
How much will I have to repay each month?
* Your dedicated advisor will assess your finances and agree a repayment that you can afford. This could be much lower than you are currently paying.
Will I be repaying over a longer period?
* In the case of "Debt Management" the debt and the period over which it is repaid may increase. This is due to them negotiating reduced repayments on your accounts therefore, taking longer to repay. They could also be able to get your interest and charges frozen utilising an IVA, in which case the repayment period may be reduced.
Will they freeze interest and charges being applied?
* Due to the way they charge, clients benefit from the services of a debt management company like DebtLine Direct as they only charge a set fee. Not a percentage of your monthly repayment. This means more of your money is sent to your creditors each month which in turn reduces your balance in a shorter period of time.
* This helps them to get your interest and charges frozen or reduced drastically!
* There are no guarantees with unqualified financial advice.
Any person that states they can freeze interest and charges on personal debts immediately without entering a client into an Individual Voluntary Arrangement (IVA) is not being honest with you.
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