To Navigate This Website Click The Links Below

Home

Products   Debt Relief   Internet Marketing 

Debt Relief Articles   Internet Articles    Feedback

 ***********************************************

Here We Publish Information About Financial

Matters In The Present Economic Climate

    * You will be kept up to date with the latest developments.

  * We will provide information on new Financial Products as they become available.

Latest Articles:-

                            Negative Equity.

                            The Reason For Debt.

                            Debt Consolidation.

**************************************

Negative Equity

It's predicted that more than 25,000 homeowners who took out 100 per cent mortgages in the last few years could slip into negative equity, figures recently published suggest.

As current house prices continue to fall, the figures from the Council of Mortgage Lenders show there is likely to be a rise in the number of people who owe more on their mortgage than their house is worth.

This immediately puts them into negative equity, with little chance of the housing market rising soon to reverse the situation.

In a further sign of the slowing housing market, figures from the Royal Institution of Chartered Surveyors suggest the number of transactions per estate agent has hit a 30-year low and is continuing to drop.

Turmoil in the mortgage market has already seen banks and building societies "rationing" mortgages and withdrawing their most generous products, such as 100 per cent and even 95 per cent mortgages.

*   A leading City bank has warned that a quarter of a million homeowners have slipped into negative equity since the start of 2008 and more than a million could suffer the same fate by the end of 2009.

*   Recently, Citi group said the deepening housing crisis has seen prices fall by 7 per cent since last autumn and will continue to fall.

*   Michael Saunders, head economist at Citi group told the BBC: "House prices are down 6 per cent in just the last five months, and the worst of the credit crisis still lies ahead."

*   He has warned that house prices could fall by 20 per cent or more by the end of 2009, taking the number of households in negative equity over the million mark, but now says the drop could be even greater.

*   If you are in a negative equity situation or are approaching one, check on your options now. Don't wait until the situation gets worse.

**************************************

The Reason For Debt.

 Debt is often the result of living beyond your means. Quite simply you’re spending more money than you have, or to put it another way, spending money you haven’t got. Either way, the answer is obvious – you’ll end up in debt.

Freeing yourself from that debt takes commitment, but it can be done. The relief you’ll feel is tremendous and well worth the effort. You’ll feel as if you’re on `Cloud Nine`.

 Initially, it means making a list of everything you owe, plus all your regular bills. Then list your earnings and income. This will highlight all your expenses that you can reduce and you’ll be amazed at how many savings you can make.

 Then decide how much money you need to live on. Be realistic and allow a small amount for leisure activities.

Doing without over a long period of time doesn’t help – it just makes you feel miserable. The above two steps are what is known as a `budget`.

 As each month ends you can refer to this budget. You’re bank credit and debit balances should be in line with it. If not, you need to look again at your expenses.

If you’re still living above your means you’re probably spending money on things you haven’t taken into account. The solution is to make a note of anything extra you buy, no matter how small.

You’ll be astonished at the cost of these extra purchases. Itemising all these additional costs can be irritating and time consuming but will indicate exactly how much extra you’re spending so that you can control every item of your expenditure.

 Finally, you could perhaps ask relatives if they can help financially. Obviously, not all relatives have sufficient money but those who do might be prepared to offer support.

It’s not an ideal situation as it could cause embarrassment but any help offered could lift a weight off your shoulders.

 It’s worth remembering none of the above suggestions to relieve debt involves rocket science – just common sense.

**************************************

Debt Consolidation.

 Thousands of people see debt consolidation as an answer to their financial problems. It isn’t. 

According to the Consumer Credit Counseling Service only 3% of you will benefit from consolidating your debts.

Research has found that over half will actually increase your amount of debt. This is because you can’t resist the temptation to spend yet more money with the help of those Credit Cards you’ve finally cleared.

In reality, all you’re doing is creating a vicious circle from which it’s extremely difficult to escape.

 Instead of dept consolidation providing the means to control and settle your debts, they’ll continue to spiral, defeating the object of consolidating your debts in the first place.

It’s like being on a merry-go-round that doesn’t stop. Once again, you’re trapped in a web of your own making. Can you get out of it?

 The answer is a resounding `Yes!` It will take effort and determination on your part, but it can be done.

 You need to find out exactly what you’re spending your money on. The following steps will help.

* For one month keep an accurate record of every single purchase, including money withdrawn form the bank. By doing this you’ll soon find out where your money is going and where it’s being wasted. You’ll probably be surprised at the results.

* Then write a monthly budget and keep to it. Take every area of expenditure into consideration including utility bills and subscriptions. For those of you with large debts transfer the details to a spread sheet, being as accurate as you possibly can. Keep the spread sheet up to date and make any adjustments necessary to remain within your budget.

* Next, by taking  into account what you’ve learned from keeping your month’s record, budget and spread sheet you can decide which items to cut back on and, most important of all, start living within your means.

* Now you should be in a position to start paying off debts. Select the debt with the largest rate of interest to be paid off first. When that is cleared pay off the one with the remaining highest rate of interest and so on. In the long term this will save you a huge amount of money on the interest payments alone.

* Another piece of advice is to pay off as much as you can each month. As an example; if you are paying off the first debt at say £20 pounds per month and paying the minimum payment on other debts you can obviously afford to pay the £20 each month plus the minimum payment when it comes to reducing those other debts. So, once the first debt is cleared, continue to pay the extra £20 you have off the second debt, along with the minimum payment. Continue this process throughout. You will be surprised how quickly you can clear the debt.

Planning Debt Management.

A debt management plan involves writing to your creditors and asking them to lower your minimum monthly repayments and freezing the interest charges.

If they agree, remember that the arrangement won’t be legally binding and the agreement can be withdrawn at any time. Also, the plan will usually be reviewed every six months. 

This will give you short-term assistance but might be enough time for you to re-arrange your finances. Rather than missing re-payments altogether, it’s far better to arrange a temporary agreement.

It’s well worth remembering, however, that your credit record will be affected and you could be issued with default notices. To carry out all the suggestions above will take time and will-power.

 The Best Solution.

 You may still be inclined to consider debt consolidation. Please don’t! It really isn’t the answer as thousands of you have discovered. It frequently leads to a long slippery slope, resulting in even more financial problems.

The best solution of all is one which more and more people are using. Take expert advice from professional people who are constantly dealing with debt problems.

Those who have done so say it was the best decision of their lives. They regret they didn’t go down that route much earlier. They say the feeling of relief at finally being able to cope with, and reduce their debt, almost defies description.

To find out more about the best way to bring your debt under control is to go to a professional organisation, where you can find all the details of services available.

This website also gives you lots of information about debt problems and how to avoid them. It also gives information how to make money to help you over your difficulties. 

**************************************  

To receive details of how to get help and avoid all the stress, worry and anxiety of financial problems click this link:- Debt Relief Advice. Please put Debt Relief in the Subject Line.

Subscribe to our Newsletter for lots more Free information. Just click the link for immediate access:- subscribe@thequalityinformationcentre.com

You will then receive our popular eBook

Business On-Line    V    Bricks and Mortar

Free of Charge just for subscribing.

We will also send you a surprise Christmas present, even in September!

We guarantee that your email address will not be shared with anyone and will be kept securely in our files. 

        That is why we are known as:-

"The Quality Information Centre."

To Navigate This Website Click The Links Below

Home

   Products   Debt Relief   Internet Marketing 

Internet Articles   Debt Relief Articles    Feedback

Contact Information

We are delighted to receive any requests for information, comments or criticism about any statements, details or content on our website. We can always be contacted at the email, postal mail and telephone numbers listed below.

Telephone   +44  (0)1995 600954  FAX 01995 600954 

Postal address  Suite 7, Fairfield, Garstang PR3 1JW U.K.

  Electronic mail  General Information: informtion@thequalityinformationcentre.com 
Webmaster: reg@thequalityinformationcentre.com

Debt Problems?

***

Mortgage Payments?

***

Credit Card Debts?

***

Bank Overdrafts?

***

Trouble With Loans?

***

Expert Advice Available

Click Here

Make Money Using These Programs

Click Here 

      Click Here