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Archive for January, 2009

A Financial Advisor with his “Perfect Saving Techniques” is again with you all with some more money saving tips. I know-I know, you guys were waiting for me to get some more tips to encourage your savings, but first I want to discuss an important thing with you all about my best friend Joe.

Joe was an Education Consultant in London and was living a joyous life with his family, however now he is in immense debts, and in jail for 10 years, also his job is no more with him.

Only a single mistake made him to suffer from a long-lasting trouble and that mistake was the excessive use of credit cards. I can remember when it was a Christmas vacation and both of our families together went for shopping. I mostly avoid using credit cards for shopping; instead I prefer debit cards for making various payments. This is because I am very conscious of debts problems and thus, avoid borrowing cash loans or any type of personal finance too (except emergencies), as I do not feel it nice to take loans for shopping.

However, Joe was so excited to do a great deal of shopping with the use of his two new credit cards, even he also had an existing credit card that he has already been used till its maximum limit. I don’t know how fool he was who used all of his credit cards to their maximum limit and failed to manage his debts.

Due to growing routine expenses, he failed to make payments to the credit card companies and thus, many penalties and charges got accumulated to his debts. Apart from these debts, his tenant loans and car loans, which were due to be paid, remain unpaid and all of his property got seized by police and he got sentenced for 10 years being accused of a big fraud. His entire family got split and he fell into a deep sea of debts that could hardly be crossed ever by him.

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Whenever I think about Joe, I always remind that I should never get addicted so much to credit cards. Even I become so frightened to take personal loans or any sort of secured and unsecured loans due to the anticipation of severe debt problems. However, these loans are not actually the reason for the debt problems, but the excess use of them is always devastating. I cannot do anything for him, but by taking him as an example, can make you all aware of debt problems due to excessive use of credit cards. We can take a lesson from this story that we should use our credit cards in a controlled way so that we can manage our money well and of course, will be able to save most, instead of running though huge debts.

Savings
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Hi friends, I am back again with some more good tips and advices for you to save your money perfectly. I think, now you have become more conscious about managing your expenses and saving your money. It is a good sign for your debt-less and pleasant future. So, be ready with some more advice related to money saving.

Always try to find a best insurance deal for you. You know best what you want for you and your family. So, rather than relying on an insurance agent, search for the best insurance deal by your own. You can directly contact the insurance company or search on the Internet for further information.

Same tactic should be applied in the case of taking personal loans or other type of personal finance. People from insurance and other financial companies get certain sort of commission to convert more and more people into the customers of the company. Therefore, to get more amount of commission, they mislead people and get their money engaged in unwanted deals. Instead of feeling regret at the end, take care from the beginning. Hence, it is advised that for taking tenant loans, car loans, cash loans or any type of secured and unsecured loans, directly contact to the lending companies, rather than getting trapped into the web of deceitful tricks of loan and insurance agents.

People often make mistakes by withdrawing their cash-value of Life Insurance Policy before 15 years. It is advised that always opt that insurance policy, which ensures a maturity period of more than 15 years. This can be referred as an ideal time period to get most benefits of a Life Insurance Policy.

Payday Loans

Payday Loans

LIP with a maturity period from 5 to 10 years will let you in trouble with numerous renewal processes and also it would become expensive for you to renew it again and again. However, if you take an LIP for 20 to 25 years, it will take a long time for maturity. It might happen that you take taken a long-tem LIP at the age of 35 to 40. Your policy will get matured when you will be of 60 to 70, which is the age after retirement when you might not having any regular source of income so that you can pay your policy premiums till its maturity. Moreover, if you make defaults in premium payments, you will incur penalties. So, better be loyal and conscious about proper payments of your insurance premiums and personal loans. This will help you in managing and controlling your money well, secure your future and allow you to save sufficiently and perfectly.

So, wait for my new article for further savings related advices and good luck with your money management.

Savings

Savings

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Savings is the essential measure to be taken for future prospects. However, we cannot contribute regular to our savings account, sometimes due to the emergence of unexpected bills or sometimes fluctuation in the monthly budget. Therefore, all such type of situations sometimes leads us to go for personal loan, cash loans or other unsecured loans. I am, in this article, throwing light on the mistakes we regularly make as a customer and spend a lot of money unnecessarily.

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Usually, people think that leasing a car is cheaper than buying a new one. Do not rely on such an idea. Buy a new car for you because it will be a one time big expense and it will keep you away from spending a big amount of money every time you lease a car. Most people are getting advantage of car loans if they do not have enough money to buy a car. This lead to get a personal finance for short-term and you can easily borrow money to buy your new car. Truly saying, taking a car loan once is much better than again and again spending your hardly earned income to lease a car every time you have to travel outside the time. Especially, when you are going on a family trip to enjoy vacation, it cost you unnecessarily.

You should find a communicative an honest mechanic for your car instead of going to an old and traditional car mechanic. New and advance technologies have spread in all fields. Advance car mechanism and repairs will save your time and will provide you guaranteed repair solution for your car so that you would not have to get engaged in car repairs and spend money numerous times.

Like car loans, tenant loans are there to help you. If you are not a home-owner and living as a tenant, sometimes you might face trouble with regular payments of your home rent due to any emergency. A tenant loan can be a significant solution for you in such a situation. You take a tenant loan once and clear all your home rental debt and try to manage your funds for rent payments and other necessary expenses in advance.

See, taking loan is not a real advice here; it is only a means to eradicate your financial emergencies. However, you should be capable of making repayments of your personal loans on the due date with proper money management. I am sure, this way you can save something for your future after clearing all related debts.

Look forward for more advice in further related articles.

Good Luck with your savings!!!

Savings

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Unsecured loans are different from secured loans as they do not want you to use any of your property as collateral against the loan. This means your loans will surely get approved if you are applying for a tenant loan, car loan or any type of cash loan possessing any type of credit history, CCJs i.e. County Court Judgements or IVAs i.e. Individual Voluntary Arrangements.

Same Day LoansEven I have got approved my unsecured personal finance in a lesser time than other traditional loans and that too being a poor credit holder. Personal loans are to assist people by offering them finance to meet their financial woes. Unsecured loans fulfil all the requirements of providing better personal financial support to the borrowers without making them to suffer from any additional formalities other than essentials. Therefore, I can say that they are best for people like us, who need money urgently and who are holding bad credit status.

You can get unsecured personal loans in various forms like unsecured car loans, unsecured bad credit loans, unsecured tenant loans, unsecured same day loans and unsecured payday loans.

The amount to be borrowed by the borrowers differs as per their need and their repayments capacity. It depends whether the loans are to be taken to spend on holidays, to buy a new car or you want to consolidate your existing debts by using of an unsecured loan. What we are looking for a loan that can resolved all of our worries, is an unsecured loan.

Many lending companies arrange unsecured loans for tenants, home-owners and other, whatever their credit history is. Whoever knocks the door of unsecured loans, he gets the loans without any hassle, and even he suffers from bad credit rating. Problems like default payments, mortgage arrears and CCJs have no scope in these loans. Everywhere, unsecured loans are easily achievable.

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Many times, you might have heard about online instant personal loans, and you might have used it sometimes too, to meet your personal needs. These are fast processed loans for which, no fees are required by the borrowers to take the loan. Usually, the traditional types of loans take much time in lending process as they need much documentation. However, through online procedure, loans proceed instantly and you just require producing your income proof for the approval of your personal finance and that too without credit checking.

Same Day Loans

Same Day Loans

Instant online personal loans can be used for several purposes in the name of personal finance, cash loans, tenant loans, car loans. They may fall in the category of secured as well as unsecured loans, but generally, offered to the borrowers who are suffering from poor credit rating and facing difficulty to secure a loan.

Main benefit of instant online personal loans is that loan proceedings are through Internet. This removes unnecessary hurdles in lending process that occur, while accessing loans through brick and mortar lending companies. That is why, latest trend of online loans have become very popular and especially, UK people are utilizing this facility of obtaining loans through Internet.

These loans incur low interest; hence known as low APR instant loans. The reason behind this is that these loans are provided for a long period of time. In addition, repayment period is very long and you get the facility of making payments in instalments. You can repay the loan in easy instalments and term of repayment depends upon your repayment capacity.

Personal loans benefit you to rebuild your credit score as they provide opportunity to their bad credit borrowers to get the loan with no credit checking. Therefore, you do not need to worry about being turned by the lenders from taking an instant online personal loan.

Instant Loans

Instant Loans

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Monetary requirements are far away from understanding the language of funds and therefore, it becomes impossible for everyone to restrict them due to scarcity of funds and easy access to assets. Mostly, lenders prefer land-owners or home-owners so that they can put their asset as collateral. However, people mostly prefer unsecured loans so that they would not have to use their property as collateral. This widens the market of unsecured loans and in the UK also, the unsecured loans encompasses a broad scope.

When no property is required by the lending company from the borrowers against cash loans, it is known as unsecured loans. Now, unsecured loans tenants have become so handy to obtain. Unsecured loans for tenants are as similar as other unsecured personal loans. These loans are generally for the people like private tenants, council tenants, students, self-employed persons, housing association tenants, and people living with their parents along with homeowners who are uninterested in risking their house.

So, people who are not interested in risking their homes as collateral can also obtain tenants loan. In fact, they can get such loans at much lower rate of interest than non-homeowners. However, the annual percentage rate or the APR is lower for secured loans as compared to unsecured loans for homeowners. Tenants loans are normally unsecured loans. Due to the rising competition in the loan market of United Kingdom, bad credit loans are available for the borrowers with bad credit ranking. These loans are as similar as bad credit unsecured loans. This reveals that if you don’t have any property to pledge as collateral and your credit rating is also not very good, you should go for a tenant loan.

Same Day Loans
Same Day Loans

You can get several benefits from unsecured tenant loans, but still, I recommend you to research from your part also. Otherwise, it may be a bad deal for you to take such loan. Better, you compare these unsecured loans as per their APRs, payment methods and other charges.

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If you are facing an unexpected burning situation and need money instantly,  better you choose a loan to solve your problem. Banks and other financial institutions can help you by lending you a personal loan, if you have a good credit history. Earlier, people with bad credit history have to face many problems. However, banks have now opened their doors for all the borrowers to get personal loans, even if they suffer from bad credit rating. Personal loans can be of significant help for the UK people as a comfortable solution to their monetary problems.

Same Day Loans
People are free to use their personal loans for their needs and interest, even their credit rating is not good. Lenders have no objection how they use their loan. You can pay all your necessary bills and expenses in the way you want with the use of their personal finance. Basically, these loans are provided in two ways i.e. secured and unsecured loans.

For getting a bad credit personal finance, you need placing collateral against the loan. The good thing with such loans is lesser rate of interest charged by the lenders. The loan amounts not only depend upon the need of the borrowers, but also the collateral secured by them against their loans. The range of reimbursement period is for secured personal loans is from5 to 25 years.

In bad credit unsecured loans, you don’t need to put collateral against the loan. Thus, a high interest rate is charged for these loans. These loans include payday loans, tenant loans, car loans and instant cash loans etc. and do not need to consider good credit history of their borrowers to give the loan. Actually, they are the ideal way to restock their financial resources. These loans are for short-terms and should be repaid from 1 to 10 years.

Personal loans for people with bad credit history are a boon that gives them an assistance to cope up with their financial crisis. Through these loans, you can improve your credit history too.

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