Advice on Overcoming Debt Problems

If you have debt issues you will need some advice on how you overcome those debt problems.

Here I will set out a schedule of good ideas to help you overcome a debt situation, which may enable you to become debt free without utilising a solution such as debt management or and IVA, or alternatively which can be used alongside those methods as a way of reducing your debt burden.

1. 1. Cash in all your unused items. We all have piles of things we have bought that we either no longer use or we never had a use for in the first place. Get these sold online, in classifieds or at car boot sales. Use the cash to pay off your most expensive credit first. Do not buy more things that you will never use.
2.  Use public facilities. Kids can swim free nearly everywhere now, an adult can join them for a £1. A double benefit here as well as spending time with the kids, you can get fit. Join a library and never have to buy a book again. Read all the best sellers for nothing.
3. Cut out the takeaways and pizza deliveries. Make your own food it is cheaper and is fun.
4. Always bargain. Everything has a price, but it is not always the one you see on the label. If you don't ask you don't get.
5. Why always buy new. Second hand is a fraction of the cost and in many cases just as good.
6. Unless your car will benefit do not buy "premium fuel". Savings of many pence per litre.
7. Use online comparison sites for utilities and insurance and keep checking for the best rates.
8. Switch breakdown cover for the best new customer deals.
9. Try generic offerings sometimes instead of branded products. They are not always better but many times they are certainly no worse for very much less money.
10. Get the best phone package you can and keep changing to keep current don't tie in too long as the market is always making new best deals.
11. Think what your big ticket expenditure is. If it is the mortgage, check you are on the best deal you can be. If it is a car, do you really need it to be new. Can you afford a 30% dip in value simply for taking it off the forecourt.
12. Pay your bills by DD, you get a discount.
13. Don't over pre-pay gas and electricity. You tell them what you want to pay each month.
14. Decide the difference between a want and a need.

Information provided by Steve Thatcher of Help With Debt (UK) Limited and total debt solutions company.
For all further reading see http://www.helpwithdebtuk.com
For personal contact email sthatcher@helpwithdebtuk.com
For Steve's thoughts see http://steves-debt.blogspot.com

If you have any debt problem whatsover either personal or corporate make Steve your first call all advice is free. Finally if in the UK and you need a friend to speak to call 01162171406 or 0808 160 5577

Article Source: http://EzineArticles.com/?expert=Steve_P_Thatcher

Article Source: http://EzineArticles.com/5888911

Personal Budget Guidelines

A personal budget helps you to keep financially on track and make sure that you are living within your means. Certain guidelines will help you to create an easy-to-follow budget that helps you stick to your financial goals and allows you to meet any unexpected expenses and reductions in your income.

These guidelines are:

• Set your goals thinking in terms of short, medium and long-term. Include your financial objectives such as education goals, holiday, retirement, home purchase and more. Include these goals in your budget figures, setting money aside to achieve them.
• Make a note of your income and record this in your budget. If you receive bonuses and unexpected income from time to time do not include this in your budget. Only include income that you are sure of receiving. Anything else can be used to clear debt, invest or make a purchase of a desired item that may not necessarily be an essential.
• List all your necessary expenses ensuring that you include annual and quarterly expenses also. You will get these figures from your statements and bills. These expenses are added together and deducted from your income to make sure that you are living within your means and that you can cater for your goals and your living expenses.
• Don't forget to include entertainment and other sundry expenses in your budget. These costs are the ones that can be changed if your budget is tight -- but you do need some recreational allowance. Keep a notebook of your spending if you are unsure of how much you actually pay out on miscellaneous items. You are likely you be very surprised at just how much you do spend.
• Always put some money aside for investment. Build an emergency fund which should be able to cover three to six months of expenses. This will help you to cater for the unexpected and keep you in good stead should an emergency occur. It will help avoid having to take from your valued investments.
• Concentrate on erasing debt and include a program of debt reduction in your budgeting figures. Any extra income that is received can be paid towards your debt -- things such as tax rebates, bonuses and other financial windfalls.
• Review your budget on a regular basis. Adjust as necessary. This will keep you on top of your finances. Remember that your budget is not set in concrete -- it is a working document that helps you to control your finances.

Follow these guidelines for your personal budget and you will have a healthy financial future.


Lyn Bell has been in the finance industry for more than 30 years and is a Certified Financial Planner. She has helped many clients achieve their financial goals. Lyn invites you to receive a free report on ways to Cut Your Grocery Bill... this will help with your budgeting.

For tips to erase debt.

Please note this article does not contain specific advice and is for information/education purposes.

A disclosure statement is available free on request.

Author: http://EzineArticles.com/?expert=Lyn_Bell

Article Source: http://EzineArticles.com/6093035

Deciding Whether A Payday Loan Is Right For You

Payday loans are often touted as a quick fix for a bad financial situation, letting you bridge the gap between running out of money and your next wage or salary coming in. The basic idea is that you can borrow a small amount of a few hundred dollars for a short period of a week or two, and repay the debt next time you get paid.

This sort of service can indeed be very useful if you've run out of cash for living expenses, or if you're faced with an unexpected bill or expense that you simply can't cover when you need to, but are payday loans always the good choice they're presented as?

First, we'll take a look at the undeniable advantages of these loans, before looking at the disadvantages, and possible alternatives you may be able to use if you decide a payday loan isn't right for you.

The lending criteria for payday loans are very generous indeed, and almost anyone who's employed and has a suitable bank account will likely be approved. This means that even people with terrible credit ratings should be able to get a payday loan, despite being rejected for nearly any other form of finance.

They are also easy to arrange, and you can often get the money in your account in a matter of days. Some lenders can even arrange an overnight transfer of the loan straight into your account the very next day, which is obviously very useful when you need cash in a hurry.

Finally, once you've been approved for your first loan, it's usually a very simple matter to 'refresh' your loan again if you find you need to make use of the facility if funds are again short in the future.

There are, however, two major downsides to payday loans which you rarely see mentioned in the advertisements and web sites promoting them. Firstly, they're very expensive compared to other forms of credit. Because the term of the loan is so short, a fee of 20% of the amount you borrow - which is about standard - will work out to be an eye-wateringly high APR.

The second problem is closely related: because they're so expensive, you can easily be left short of money the next month once you've cleared the loan and paid the fee. In this scenario, it's just too easy to refresh your loan again to cover the shortfall, resulting in more fees, and a never ending cycle of borrowing.

So, if you decide that a payday loan isn't a good choice for you, what alternatives do you have? The first one is making use of a credit card, if you have one. While credit cards are usually also pretty expensive forms of finance, they do allow you to spread the debt over a number of months rather than needing to be repaid straight away along with a fee.

Many bank accounts now offer an overdraft facility, which can also be used to cover a short term lack of money. The interest rate on an agreed overdraft is likely to be better than that of a credit card, but your bank may not approve your application. Beware of going ahead and overdrawing without your bank's agreement, as the charges they will levy in this case will be very expensive.

If neither of these options is available to you, and you have no other way of getting hold of money such as borrowing off family, then a payday loan may be the best option. Just ensure that you use it properly, and heed the warning sign it's giving you about the longer term state of your finances.


Martin writes on a large range of financial subjects, from payday loans and how to use them to identity theft [http://www.identity-fraud.org.uk] and how to avoid it.

Author: http://EzineArticles.com/?expert=Martin_Sumner

Article Source: http://EzineArticles.com/505474

Instant Approval Payday Loans is Your Lifesaver

Unfortunately, life can throw expensive surprises at us at the least convenient times. If you are fortunate and have planned ahead, you can draw upon whatever funds you have stored for an emergency. The reality is, however, that few people have the luxury of choosing when to have a financial crisis. This is where a same day payday loan come in handy. A payday loan describes where one enters into an arrangement with any financial services provider for a cash advance, based upon a quick means test of your ability to repay the loan.

Lenders will typically require a signed declaration that includes what your weekly income, and the particulars of your employer. You'll also need to provide your own personal details, and possibly those of a friend or someone who knows you. You do not need to worry about a payday loan rejection due to your credit rating: Most lenders will not check your credit unless you default on a payday loan. One possible obstacle is that some lenders will only make an immediate deposit into an existing bank account, rather than actually handing you cash in hand, which could require up to three days to clear, depending on your bank.

A same day payday loan offered with instant approval will typically limit you to a fairly low maximum loan (usually between US$500 and $1500) and will attract a higher rate of interest than, for instance, overdraft, monthly credit card interest, or the rate offered by a pawnbroker.

The service offered by payday loan vendors is, in fact, quite similar to that offered by banks with credit and overdraft facilities: Both are based on an assessment of your ability to repay the loan with proven regular income. Since banks usually require a lower interest repayment and have a greater borrowing limit, one might consider taking this option if the cash wasn't required immediately. If, however, you can't afford to wait the few days it takes to be assessed, you have a poor credit rating, or your bank statements do not show proof of regular income, the convenience and availability of the offering from advance cash lenders will probably swing this option into favor for your particular needs.

There are a few things you can do to increase your chances of instant approval for a payday loan, after considering the arrangement from the lender's point of view. If you're filling out an online application, provide all that is necessary to convince the person assessing your loan application that you're a safe risk That means providing more than the minimum amount of necessary information where you can. If anything you provide an assessor with is questionable or difficult to verify, they'll be able to fall back on additional information you've provided them with, like references and employer details. If you're applying in person, take some care with your presentation. Do your best to use neat handwriting, and if you go into the lender's office in person, dress well. They are much more comfortable lending money to a well-spoken, well-dressed individual than someone with a bad attitude or who looks like they will have trouble paying back the short term loan.

A same day payday loan is an expedient way of getting an emergency loan. Regardless of your credit-rating, the only thing you need to do to secure a cash advance in the short term is provide ample proof that you are employed and that you have the income necessary to repay the loan within the agreed terms. While payday loans attract high interest compared to other methods of lending, they are also the quickest and most accessible way for most people to secure a loan on such short notice, short of leaving collateral at a pawnbrokers.


Want to learn more about getting a same day payday loan [http://www.more-info-on.com/same-day-payday-loan/]?

Visit my blog at [http://www.more-info-on.com] to get more information on just about every topic, including how to use the internet to finding payday loans asap.

Author: http://EzineArticles.com/?expert=Joseph_Pahl

Article Source: http://EzineArticles.com/556621

How to Plan Your Budget

Payday loan is a type of loan that can be acquired quickly and easily. It provides everyone who has a job to borrow small amount of money to finance emergency and unexpected bills, car repairs, tuition fee, and grocery. Payday loan lets you have the money you need to survive until the next paycheck arrives. But if payday loan is available to virtually anyone, does it mean that anyone who fell short of cash before the next payday should use this service? Knowing that there are companies willing to lend you money when in dire emergency is good news but there is nothing better than a well-planned household budget.

Budgeting is very important. It puts you and your household expenses into the right perspective. It puts you on track of your financial obligations which in turn, provide you with the knowledge of your actual financial standing in the future. Budgeting makes you more responsible in handling your money. It prevents you from over spending and keeps you from borrowing money.

How to plan your budget?

Okay, budgeting is a headache but this headache, no matter how intense should be injured at all times. If not, you will end up short of cash before your next paycheck arrives. You see, many households that fail in planning their budget are spending more than they should have. In other words, they buy from money they don't have. Some still fail even if they have a good budget because they do not follow it. So, this is where you should begin. Know how much money you have, know where it all goes, and follow your budget strictly as if your life depends on it.

The best way to plan your budget is to list down all your sources of income and where all your money goes.

First, list down your income: your wages, bonuses, investment income, incentives, miscellaneous income, and every amount that comes in for one month. Take the total. Then, deduct from your total income all the taxes you pay from local and state income tax, Medicare tax, social security tax, federal tax, etc.

Second, list down all your expenses: fixed and flexible. Fixed expenses are those that remain constant each month. They are home, utilities, health and medical, investment and savings, and transportation expenses. Flexible expenses include food, entertainment and recreation, clothing, debt payments, pet (if there is any), and miscellaneous. The data may seem to be overwhelming but in order to plan your budget effectively you have to go through all these. Being able to know how much you spend from each of these will help you plan out your budget well.

Now, list down your home expenses. How much do you pay for rent or mortgage? How much do you pay for home improvements, home repairs, home maintenance, Homeowners Association dues, property tax, and homeowners insurance? All of these should be listed and should be accounted.

Compute your monthly utility bills: water and sewer, electricity, cable subscription, telephone (cell phone and land line) and internet. For transportation, compute your car maintenance, auto insurance, car payment, gasoline, tolls, taxis, subway, and bus expenses.

List down your medical or dental insurance and fitness fees. Investments and savings include college fund, bonds, stocks, mutual funds, 401K or IRA, emergency fund, and savings.

Since these are fixed expenses, you should be able to deduct them from your monthly income immediately. The amount that is left will be allocated to the remaining obligations including food (groceries and dinning out), clothing, pets (dog grooming, vet, and boarding), and miscellaneous including gifts, household products, toiletries, etc.

After doing these, you will see how much you spend against how much you earn. Here you will know if you are spending too much or less. If you spend too much, make some adjustments so that you only limit your expenses to what you earn, or less. The key to successful budgeting is allocating the right portion of your money for each financial obligation within the walls of your monthly income. Spending beyond your budget will put you into a great financial problem so make sure that you plan your budget properly and stick to it all the time.


For more information on payday loans please go to:

[http://www.safepaydayloans.com/payday-loans-help.html]

[http://www.safepaydayloans.com]

http://www.drnathaliefiset.com

Author: http://EzineArticles.com/?expert=Nathalie_Fiset

Article Source: http://EzineArticles.com/628576

Payday Loans: No Credit Check No Fuss Loans

Payday loans are the fastest and most convenient option for getting a cash advance for emergencies before your next payday. However getting payday loans and their repayments involve certain important aspects. Herein we are attempting to answer all your general queries related to Payday loans and we hope it will serve as a tool to open up any mystery surrounding payday loans or cash advance.

What Is A Payday Loan Or Cash Advance Loan?

We daily come across many loan types like housing loan, personal loan, and education loan. However, the payday loans are a new buzz in the market, and it is very popular. This loan is known by many names like "Cash Advance", "Paycheck loan", "Check loans", and "Payday advance loans". Let us understand what is a payday loan or cash advance loan and how and when it should be used for your maximum advantage. Payday loans are unsecured loans, which can be used for meeting your emergency financial needs and is paid back out of your next paycheck on your payday. Thus, payday loans are the shortest tenure loans among the other loans available in the market.

Are there any limitations on payday loan or cash advance loan usage?

Many a times we face a situation when we need money badly but feel like our hands are tied as our payday is still several days away. In such a scenario, we either have to shelve or defer our plan of purchasing something or go for a heavy interest credit card loan to meet the obligation. The requirement could be to pay up unexpected medical bills, your kid's school fee, to avoid bouncing of your issued checks or any other financial obligation. In such trying times, payday loans or a cash advance comes in handy. Thus, you can use this cash advance for whatever purpose. There is no restriction on the usage of payday loans.

Am I eligible to receive a payday loan or cash advance loan?

The best thing about payday loans is that they can be had even if your credit rating is not very good. The second best thing about payday loans is that taking a cash advance does not affect your credit rating. All you need to be eligible to receive the payday loans is to have a running checking account and a regular job.

How should I apply for a payday loan?

To apply for the payday loans, we would say it is easier to do than to say. You can apply for payday loans online using Internet. You may be required to supply some basic information such as your Name, Address, and your employer details. Some companies offering payday loans may ask for your Bank Statement or pay stub over fax. The documents required by these companies for payday loans are minimum in comparison to other types of loans.

What is the fee charged for payday loans?

Before applying for payday loans, we suggest that you scan 5-6 companies for the fees they are charging. Some companies offer payday loans without any fee for the first week.

How much cash can I get with a payday loan?

The amount of payday loans ranges from $100 to $1000 depending upon the repaying capacity of the borrower.

What is the length of payday loans?

Normally a cash advance is supposed to be paid back on or before your coming payday. Therefore, the maximum length of payday loan could be up to 30 days. However, some companies are flexible with respect to the loan duration as well. Payday loans can be extended until the next payday. This extension of payday loans however comes at a price.

How long does it take to get a payday loan?

Payday loans are much easier to get and in less time than other loans. After applying for a payday loan online, you will get a telephone call from the payday lender. After completing the small formalities, the cash advance will be credited to your checking account the next business day.

Does this mean I can enjoy my pay without waiting for my payday?

Before you jump for a payday loan, please note that the rate of interest charged for these loans are higher than other loans. Extending the duration of payment will only increase the fees charged. The payday loans or cash advance loan should be used very prudently and only for meeting financial exigencies that cannot be avoided. Please remember that getting a payday loan or cash advance loan too frequently could upset your monthly budget and you may find it difficult to get out.


At the A1 Payday Advance website you can apply for a payday loan with us, read news or articles about the payday loan industry or find other payday lenders to meet your needs. Visit our online payday loans [http://www.a1paydayadvance.com] site when you need a little extra cash. To receive the article by email simply send a blank email to:pl-no-credit-check@myarticleannouncer.com.

Author: http://EzineArticles.com/?expert=Steve_Cope

Article Source: http://EzineArticles.com/110680

Fast Easy Payday Loan

Today I'm going to tell you about a simple and easy loan facility that will help you tide over short term financial difficulties, in case you ever land up in one. This is the fast easy payday loan facility.

As you know already a long term financial need can easily be handled by various standard and well known methods like loans from financial institutions, borrowing from your close friends or relatives or getting a loan based on a property etc. Here, we are talking about real short term needs and cases where you don't have any collateral or security to provide for the loan.

I'll explain fast easy payday loans to you in a simple manner. These are loans provided on a short term basis for small amounts to people to be repaid on their next pay day. These loans generally range from few hundreds to about a thousand dollars and generally the only security required is proof of a full time job or a fixed monthly income. You can consider them as a form of cash advance until payday. Now let us dive more deeply to look at the eligibility, interest rates and other details.

Payday loans are a well known source for short term loan and a lot of institutions are available to provide for payday loans in these places. You should ensure that you look for a reputed and a good source that provides fast easy payday loan.

Almost anyone who is above eighteen years of age and has a salaried job is eligible for a payday loan. You could even be out of job, and if you will be able to show a fixed regular income every month, you can still get a payday loan. These loans are generally for short term ranging from four days to eighteen days. The expectation is that the loan is until the borrower's next payday, which normally in countries like the USA is once in every two weeks.

The process to get a payday loan is very simple and straight forward. You have to meet a payday loan provider and provide simple details about yourself - like your name, address, your job details and your checking account number. There are also providers who provide a no checking account payday loan, where you can get a payday loan even if you do not have a checking account. Once your credentials are checked, which normally takes between 24 to 48 hours, the loan provider will provide you with a check for the loan amount and normally will take a post-dated check, dated for your next payday from you for the loan amount, the interest and other fees included. If you are in urgent need for the money, you might even find a same day payday loan provider who might be able to provide a fast payday advance and release the loan amount within twenty-four hours.

These days, easy online payday loan providers are present, who can get your details over the internet, sparing you from the hesitation and embarrassment of standing in the queue or meeting a loan provider face to face. In these websites, you will be able to provide the same kind of details mentioned above. You should provide the checking account details where the loan amount will be credited after the credibility check. Also you need to provide an authorization to the loan provider to deduct the loan amount and other fees and interest on your next payday and these will be debited from your account on the said day. You might even find a payday loan calculator in these sites which would tell you the amount of loan you are eligible for and the interest that you might pay. As you can see this makes the payday loan process real simple.

The interest rates for payday loans range from 15% to 30% of the loan amount. This will look pretty steep while calculated on an annual basis, but bear in mind that these loans are for short term and if you pay the loan amount on your next payday, you end up paying just a small fee. Finally, you should keep in mind that this fast easy payday loan facility is only for a short period and if carried over the interest rates will become very unwieldy and uneconomical on a long term.


Jeff Lakie is the owner of [http://www.loan-source.co.uk] providing Uk homeowners with great rates on secured loans. Visit our site for a free quote today.

Author: http://EzineArticles.com/?expert=Jeff_Lakie

Article Source: http://EzineArticles.com/167159