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Tag: debt

How to save money, reduce summer expenses, reduce debt

How to save money, reduce summer expenses, reduce debt

Finance
Reducing household and other expenses during the hot summer months can save a lot of money. A regular review of the following hints may prove to be valuable! Power Bills Electricity bills often soar during summer – especially in houses with air-conditioning. If you have air-con, then use it sensibly. Keeping your house cool by keeping blinds and curtains closed, especially early on hot days when homes can rapidly heat up. If your house has upper floors, you may be able to cool most of the house by cooling the upper floors and letting the cool air fall through the rest of the house. (And warm your house during winter by heating the bottom story with hot air rising.) Also, check the seals on your refrigerator. A fridge working extra hard to keep cool can chew up a lot of additio...
How to get very good remortgage deals

How to get very good remortgage deals

Finance
For most people a mortgage is their biggest financial commitment and it makes sense to reduce that cost wherever possible. At present mortgage interest rates are at an all time low, even the standard variable rate (SVR), which most mortgages revert to after the initial discounted offer are at very low levels. Compare Remortgage Quotes For first time buyers it’s a particularly tough time to get a good mortgage deal but for those who already have a mortgage and have an excellent credit score, it’s definitely a good time to compare some remortgage quotes from an independent mortgage broker. Despite the current low levels of interest it may still be possible to save money on a new remortgage deal. For those who are still using an endowment insurance policy to repay their mortgage it ...
How to clear college student loan debt

How to clear college student loan debt

Finance
The golden rule of college student loan debt is to never default. Although an unsecured debt, it is notoriously difficult to write off and defaulting on a student loan will leave fewer options. Income based repayment plans, forbearance and deferring repayment will no longer be possible. Repaying student loans at an affordable rate is the best option when disposable income is limited. It isn't in anyone's interest to see the borrower default so a number of different forms of assistance and guidance are now available. Income Based College Student Loan Debt Repayment Since the 1 July 2009, it is possible to cap each monthly student loan repayment at a more affordable rate. Hard-up college graduates are now able to pay just 15% of the amount of income they make that exceeds the federal p...
How Long Old Debt Fall Off My Credit Report?

How Long Old Debt Fall Off My Credit Report?

Finance
    Debt is a burden that can be hard to get rid of if not paid timely. There are timelines attached to every debt. The same applies to loans taken a long time ago. Unpaid loans do not vanish on their own accord. They need to be paid to continue with a new line of credit. Old debts that haven’t been paid may result in a bad credit score. If you apply for short term Or long term loans, your financial background and account would be checked against a credit score. This score determines whether you have sufficient credibility to repay the short term loans or long- term loans are taken from the borrower. Fortunately, debt collections won’t reflect on your credit report all your life! After a period of 7 years, it would be wiped off from your credit r...
What Can A Bailiff Take From My Home

What Can A Bailiff Take From My Home

Home & Garden
A bailiff is someone with, amongst other things, the legal authority to enter your home and seize goods for sale at auction to clear a debt. Debts which are subject to a County Court Judgment (CCJ) may be referred to the bailiffs, as may tax debts including poll tax, council tax, unpaid self employed tax debt and so on. This right is granted by the granting of a so-called 'distress warrant'. Most of your possessions may be seized, after which the bailiff is legally obliged to sell them on for the best possible price at auction and use the proceeds to pay off what you owe. When a bailiff gains entry to your home, he will make a list of all your possessions which may be seized, and their approximate value. These goods can then be taken away immediately, or alternatively the bailiff...
How To Manage You Finance Intelligently

How To Manage You Finance Intelligently

Finance
Financial independence is not something great or tough to achieve. It is simply the intelligence on how you manage your finance efficiently. Do take note that accumulated wealth does not make an individual rich, but what matters here are information, knowledge, wisdom and know-how. Below are couple of cool suggestions how you can stand strong on financial grounds: Plan monthly budget It is true rising income is not an easy task, but you can easily reduce your expenses. Certain expenses are voluntary in nature and so you can easily control those. It is recommended to cut down your expenses to certain percentage like about one-tenth of the total and invest in long term equity mutual funds. You will see over the period of say 20 or 25 years it will yield you huge. Treat the investme...