HelpWithDebtNow.com http://www.helpwithdebtnow.com debt help saviour! Wed, 02 Jan 2013 12:14:49 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 How is the Value of Possessions Assessed? http://www.helpwithdebtnow.com/how-is-the-value-of-possessions-assessed.html http://www.helpwithdebtnow.com/how-is-the-value-of-possessions-assessed.html#comments Wed, 02 Jan 2013 12:14:49 +0000 Guest http://www.helpwithdebtnow.com/?p=9777 Post from: Help With Debt
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These days, a lot of us consider either selling some of our valuables or using an online pawnbroker to secure a loan against them. I don’t know about you, but I’m never quite sure how the value of things like jewellery and watches is worked out. So, it’s hard to know what’s actually worth trying to take out finance against and what isn’t.

Of course, you can get experts to help you out with that (in fact, if you go down the loan route, this will happen automatically, since a valuation is needed to determine whether you can actually get a loan or not). I reckon it’s also worth understanding the basics of how these things work anyway, though, just for your own peace of mind.

So, I’ve put together a quick guide to how the value of various possessions is assessed. I hope it helps!

Diamonds
If you’re lucky enough to possess some diamonds, you’re likely to find these are particularly good for securing loans against – especially since they’ve been going up in value in recent years. Here are a few of the main things taken into consideration when they’re valued:

  • Cut: This refers to the quality of the cut, rather than the actual shape of the diamond. I won’t get bogged down in the finer details, but the cut should bring out the diamond’s brilliance – it is the cut that gives it its characteristic sparkle and shine. The better the cut, the more impressive it looks and the more valuable it is.
  • Clarity: Precious stones often contain little imperfections (industry folk call these ‘inclusions’) – the fewer there are of these, the greater the value of the diamond.
  • Colour: You might have noticed some diamonds are yellowish in colour, while others seem to be virtually colourless. Generally speaking, the less of a colour a diamond has, the rarer it is and the more it is worth.
  • Carat: This refers to the weight of the diamond. It’s important to remember that this doesn’t actually determine quality, though.

Jewellery
Jewellery is even more complex to value, since it can feature diamonds and other gemstones, as well as precious metal. In terms of the stones themselves, you can use the above as a guide, since these criteria are broadly applicable, rather than being confined to diamonds alone.

Gemstones aside, how else is jewellery valued?

  • Hallmarks: Each piece of valuable jewellery should have an official hallmark, which is basically a guarantee of its quality.
  • Metal: As I’m sure you’re aware, some metals are more valuable than others. Platinum is very valuable, as is white, rose and yellow gold.
  • Daily gold prices: The value of gold is forever in flux, so when your jewellery is valued, its worth will be judged in line with the most recent prices.

Fine watches
Next up is fine watches, which are valued very differently to jewellery. Among the most important factors in determining value is the brand and model you own – but what else matters?

  • Whether you have its original box and papers: If you do, you’re likely to get more money for your watch.
  • The condition it’s in: Any damage (even small things like a slight scratch or a little dent) can cut down its value.
  • How old it is: Personally, I’d have thought the older the watch, the more valuable it would be – but, actually, it’s usually the other way round. The newer the watch, the more likely you are to get a higher price for it.

 

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Get grip on your debt: Popular New Year’s Resolutions http://www.helpwithdebtnow.com/get-grip-on-your-debt-popular-new-years-resolutions.html http://www.helpwithdebtnow.com/get-grip-on-your-debt-popular-new-years-resolutions.html#comments Mon, 31 Dec 2012 16:33:55 +0000 MGB http://www.helpwithdebtnow.com/?p=9775 Post from: Help With Debt
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It’s been difficult these last few years for family finances though the signs are that the worst of the trouble may be over. There is no reason for anyone to be complacent however even if your job is looking secure. The easy years of the beginning of this Century had a culture of the casual use of credit cards backed up by the rise in real estate prices. Both these things have changed dramatically and it is time to look to the New Year and how to ensure that your finances are in shape.

Why not start by looking at all your finances, assets and liabilities, note them down and prepare a proper monthly income and expenditure budget. There are obvious implications if your employment circumstances change. It is useful to be aware of what you might face if you were to lose your job and face a period without income. Have you any fallback position?

There are some savings potentially. It is worth checking whether you have some of your belongings ‘double insured’, perhaps as items themselves and within home contents insurance. Get rid of any such waste.

Credit card and store card debt can get out of control before you know it. If that has happened to you it is worth taking action to pay off balances which are incurring high interest rates. A consolidation loan is one way to do it but it is important to not then start spending again and ignoring a balance build up with the consolidation loan still running.

If you are offered a 0% balance transfer on a new credit card it may be part of the solution but make sure you fully understand the interest rate to be charged after the initial period.

There is no reason why you cannot become a more responsible shopper in 2013. There are always special offers to be had; discounts for buying in bulk but only do that on useful products that you use regularly. It is worth looking at whether there are genuine savings by shopping where there are loyalty points to be gained which can build up a value. As long as it does not tempt you into spending more than you would otherwise do then go ahead as long as it is not the most expensive shop in town.

On the positive side you may have a fairly strong financial position, a surplus each month and have some decisions to make about investment. The rules are very much the same; think about your goals, short, medium and long term. Sometimes something as important as this is forgotten because of daily activity. It is sensible to write down a few priorities in order and perhaps use the internet to do some general research before making any decisions.

It is certainly worth asking for expert financial advice from more than one source including getting tax advice on the implications of the options you are considering. Once you take the plunge or if you have already done it promise yourself that you will keep a track of how your investments are progressing.

The basic message for 2013 is to keep control of your finances both assets and liabilities. Once you have everything recorded keeping track is a regular but not too time consuming activity. Start in January the way you mean to go on.

Author Bio: Darrell Hunt is a finance guest post contributor. He loves to write on financial topics like debt,credit card, bad credit loans, mortgage, personal finance etc.

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Investing in Storage, for College? http://www.helpwithdebtnow.com/investing-in-storage-for-college.html http://www.helpwithdebtnow.com/investing-in-storage-for-college.html#comments Thu, 20 Dec 2012 21:07:04 +0000 admin http://www.helpwithdebtnow.com/?p=9772 Post from: Help With Debt
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College is a crucial part of any young person’s life. It’s a time for growing, learning and finding your true potential (there also might be the occasional night of partying snuck in there too). Anyone who has ever been to college knows what an amazing experience it can be, but unfortunately for any parent that has sent their child off to college knows what a financial burden it can be. Paying for college is not cheap, and frankly put will be a nightmarish accumulation of debt to look forward to, but with right investment moves this endeavor could be a bit more of a manageable scenario.

In the most recent report done by College Board, a “moderate” college budget for an in-state public college averages to about $22,000 per year and about $43,000 for a private college. That means that if your child is there for the standard 4 year undergraduate degree, your total could be anywhere from $80,000 to upwards of $170,000. Shocking right? No matter how much money you may have that is still one steep bill, and that’s just if you pay for it yourself. What if you decide to get loans to pay for college? That’s another x amount of interest that you will have to pay on top of everything else. I think its safe to say that it would be better if you can avoid that route.

So then what is the best way to approach this? You definitely want to make sure you have the money when the time comes, but what is the best way to do that? While I’m sure there are multiple ways that people have chosen to handle this situation, I am going to share with you one specific idea that I think has some real potential.

For starters, instead of just putting some money in a jar on your fridge every month, I think your best option is to invest in something. And no I’m not talking about putting money into a new internet company that you think is going make it big, I’m talking about a smart investment that will provide you with the necessary cash flow to assist in your child’s education.

Recently a family friend of mine was telling a story about what one of her friends does and I must say that it is genius. Basically, every time this friend has a new kid (not sure exactly how many he is up to by now) he goes out and buys an entire self-storage facility. That’s right you heard correctly, he buys a SELF-STORAGE FACILITY, you know one of those things you see on Storage Wars. What’s the catch? He buys it with an 18-year mortgage. That way when the time comes for that man to send his baby off to college, the facility will be paid off and the revenue that comes in after that is strictly used for college tuition. Pretty smart if you ask me.

Now I’m not saying that buying a storage facility is the only way to go. You could easily do the same with a house or condo and then rent it out after it has been paid off; this is just what inspired the idea. Either way, I think that choosing to invest in a fixed asset as opposed to just saving money is one of the best ways to think about paying for your child’s college career. And who knows, maybe that thing you purchase will become the next hot spot on the block, bringing in some serious cash.

Author Bio: This article was written by Matt Schexnayder. Matt is on the marketing team for SelfStorage.com and writes for their blog. With SelfStorage.com you can easily sort, find and reserve self-storage facilities in Seattle, as well as thousands more all across the country.

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Ways to Cut Your Energy Bills to Save Money http://www.helpwithdebtnow.com/ways-to-cut-your-energy-bills-to-save-money.html http://www.helpwithdebtnow.com/ways-to-cut-your-energy-bills-to-save-money.html#comments Tue, 30 Oct 2012 11:37:36 +0000 Guest http://www.helpwithdebtnow.com/?p=9753 Post from: Help With Debt
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Ever increasing prices have caused many consumers to wonder how they can lower their energy bills and save money. British Gas is set to increase their prices by as much as 16% in November and Scottish and Southern energy plans to add an additional 9% to their costs. This leaves consumers with worries of how they are going to effectively and affordably warm their homes during the upcoming winter months. If you are looking for ways that you can cut your energy bills and save money, here are a few things that you can try:

Turn down the heat. By simply reducing your home’s temperatures by 1°C, you could save up to 10% off your energy costs. This could amount to as much as £60 each year. Lowering your hot water temperatures to 60°C could also help you to save.

Replace your old boiler. Your boiler makes up for about 60% of your total energy bill each year. Of course, having a new boiler installed can be expensive but if you consider how much you can save in the long run, the installation cost is well worth it. Choose a boiler that offers an A-rating so that you know you are getting a good energy savings. By replacing an older boiler with a new, energy efficient one you could save up to £300 in the first year alone.

Monitor your usage. If you are not keeping an eye on how much energy you are using, how can you possibly know if you are saving? By monitoring your meter you can carve as much as 10% off those monthly energy bills. You can also save by changing how you pay for your energy usage. By switching to a monthly direct debit instead of paying by cheque, you could save an additional 10% or more every month.

Change energy suppliers. Finally, you can switch suppliers and get the lowest cost possible for your usage. Whether you choose the cheapest mainstream supplier or you want to look beyond these providers, you can save as much as £300 per year by changing who supplies your energy. Spend some time researching various providers and make sure that you are on a relatively inexpensive tariff.

 


This article was written by Debt Free Me, a national company providing free advice to those with debt problems. Visit us at debtfreeme.co.uk to learn more.

Source: http://www.guardian.co.uk/money/2012/oct/12/five-ways-cut-energy-bills

 Ways to Cut Your Energy Bills to Save Money

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PPI Reclaims – What’s the Fuss About? http://www.helpwithdebtnow.com/ppi-reclaims-whats-the-fuss-about.html http://www.helpwithdebtnow.com/ppi-reclaims-whats-the-fuss-about.html#comments Sat, 27 Oct 2012 15:51:10 +0000 MGB http://www.helpwithdebtnow.com/?p=9749 Post from: Help With Debt
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Whether you’re a TV watcher or a radio listener, you’ll have noticed that the media has been awash in recent times with a commotion concerning mis sold insurance. PPI, or Payment Protection Insurance, purports to indemnify the recipients of finance in case they are unable to meet their repayment obligations. Typically, the insurance is intended to cover consumers who are made redundant, who are suddenly unable to work due to long-term sickness, or who suffer an accident and become disabled. It’s easy to see why this backup could be a good idea for many borrowers – the extra peace of mind provided would be valuable. However, millions of people are currently making PPI reclaims, as their policy had been mis sold to them.

 

‘Mis Sold’? What Does That Mean?

 

Unfortunately for many borrowers, providers of PPI (including the high street banks we are all familiar with) have been misleading their customers. In 2011, the High Court ordered financial institutions to repay PPI premiums where the insurance was bought by loan recipients who had been misled as to its nature or purpose. It turns out that banks had either lied or neglected to mention to their customer a number of key facts – meaning that some people who bought the insurance were manipulated into making an uninformed purchase, and that others simply never needed the insurance in the first place. PPI reclaims exist so that affected borrowers can recover the loss that they suffered at the hands of the banks.

 

Which Groups of People are Entitled to Make PPI Reclaims?

 

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Insurance (Photo credit: Christopher S. Penn)

 

If you want to know whether or not you’re entitled to compensation from your loan provider, you’ll have to check your policy documentation and cast your mind back to the time when you bought it. Were you told that taking out PPI would mean that your loan application was more likely to be accepted, or that the insurance was compulsory? Were you consulted about purchasing PPI, or did your bank simply ‘assume’ and charge you for it without first receiving your consent? When you took out the policy, were you unemployed, self-employed, or retired? If any of the above sets of facts applies to you, then you could be one of the millions of consumers making PPI reclaims.

 

How Much Will I Receive?

 

The amount of compensation available varies from case to case, with the average being in the region of £2750. This certainly makes PPI reclaims attractive, especially during a time when households and businesses all over the country are feeling the financial squeeze of the recession. If you’re interested in finding out how much you could stand to receive, you’ll need to check your policy. Borrowers should also note that if they paid with a series of installments, with interest payable on top, then these interest payments can also be claimed back. Furthermore, it should be borne in mind that it doesn’t matter whether or not you’ve already finished paying off your loan – anyone who was mis sold a policy can claim.

 

Peter Gouldsworthy is a former solicitor who practiced commercial and financial law for over 30 years. Now retired, he enjoys blogging about contemporary legal issues.

 

 PPI Reclaims   What’s the Fuss About?

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Quality Over Quantity: Saving Money While Shopping http://www.helpwithdebtnow.com/quality-over-quantity-saving-money-while-shopping.html http://www.helpwithdebtnow.com/quality-over-quantity-saving-money-while-shopping.html#comments Fri, 26 Oct 2012 13:33:36 +0000 MGB http://www.helpwithdebtnow.com/?p=9737 Post from: Help With Debt
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In an age where cheap disposal items are relatively common, it can be tough to argue between quality and quantity. Quantity saves you money now, while often having a shorter lifespan, whereas Quality offers a more significant lifespan in exchange for a heftier price tag.

When you’re living on a budget it can be difficult to ignore a cheaper cost even if you secretly know the product you’re buying will need replacing in a shorter time. This is perfectly natural to prefer the extra money now, rather than extra money later.

Saving Money Isn’t About Spending Less

It may seem like spending less is the best way to save some cash, but this is regularly not the case. The best example here is batteries. All batteries – no matter which brand – tend to fall into two categories. You have “cheap” batteries, and “good” batteries. The cheap batteries could be a quarter of the price of the good batteries, but when they only last a fifth of the time, which purchase is better?

By buying these “cheap battery” equivalents in clothes, furniture and technology, you could be saving money short term, only to end up spending much more money later.

Don’t Spend Less, Spend Smart.

362201147 8bd2ef0dd8 Quality Over Quantity: Saving Money While ShoppingBuying these things can be much more expensive, when a cheaper wardrobe can save you £300 it can be harder to opt for the more expensive option, even when you know that it’ll last twice as long.  But, the exact same rule applies: Why waste your time with a cheaper product that’ll break sooner?

Sometimes this is unavoidable, when something important breaks just before payday, the cheaper option is inevitable. A great rule of thumb is that if there’s anything that can wait you shouldn’t be looking to spend less, but to spend smart – waiting until a sale to pick up a quality item could save you even more money, picking up something that would usually be out of your price range, while the wait functions as a cooling off period.

Big Prices Don’t Mean Big Quality

With the internet, it’s never been easier to do your homework before a big purchase. 90% of products available for sale have been reviewed somewhere, so don’t be afraid to turn to Google to find out more about a product before you get out the cash.

From Cars to toasters, the internet has an answer for everything, and while not everyone has the same priorities from a purchase, a description of the products strengths and weaknesses might help you realise what your priorities are – and this could help you avoid spending money on things you don’t need.

Use Your Common Sense

Frankly, sometimes you buy things you just don’t need. If you’re shopping for a car and all you need is a Ford, it doesn’t matter if you can get a discount on a Ferrari. That’s the temptation you have to resist – While quality is usually better then quantity, sometimes the extra luxury is unnecessary.

Trying to judge between quality and quantity can be difficult. Remember to avoid the “cheap batteries” and buying what you need, researching so that you can buy something that meets your needs rather than what is cheapest.

About Writer | Amie is a savings and investment blogger writing for sites like Fair Investment Company. She specialises in investment plans and opportunities.  In her spare time she enjoys learning and developing her skills in being a personal finance coach,

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Low Interest Personal Loans To Get Out Of Debt http://www.helpwithdebtnow.com/low-interest-personal-loans-to-get-out-of-debt.html http://www.helpwithdebtnow.com/low-interest-personal-loans-to-get-out-of-debt.html#comments Thu, 25 Oct 2012 08:59:58 +0000 admin http://www.helpwithdebtnow.com/?p=9730 Post from: Help With Debt
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In today’s financial environment it is very easy to run up personal finance problems. There are various bodies that can offer in the UK help such as Citizens Advice Bureau, National Debt Line and mymoneysteps.org. There are online sites that offer quick online loans. The following article offers advice about Personal Loans.

When faced with bankruptcy or are in over your heads with multiple loans, which all need to be serviced, obtaining low interest personal loans, could be the only way out for you. They offer a financial safety net which gives your greater freedom and flexibility to get your act together, and take help from a financial consultant, to enable you to get some financial peace of mind.

Banks Versus Private Lenders
In normal conditions, the first place where you would look would be to your bank to get personal loans. Unfortunately, banks have a long list of requirements to be taken into consideration before forking out any money. Most importantly, they will check your credit worthiness, which is an indicator if you the borrower have a good credit history or whether there is a history of some financial irregularity. Besides the reams of paperwork that goes into obtaining a personal loan, the process takes quite a bit of time, with approvals from various departments needed to sanction a loan. Fortunately, there are several organizations that deal with private personal loans for debt, and offer you low interest personal loans to start the process of paying off your debt.

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Loans (Photo credit: zingbot)

Consolidation Of Debts Made Easier
The process of debt consolidation can be done in a several ways, the most common one being to replace all of your loans for debts with a single debt. This method will then require only one single regular payment to the lender, and as the repayment period is longer, it would be easier to manage. The lender would of course, require some sort of security or collateral before the loan goes through; it could be securities, fixed assets like your home or having a steady income. To summarize, some of the plus points in securing low interest personal loans is, getting a much lower interest rate, making only one regular repayment, and the benefit of having a shorter time frame for repayment.

Taking Care Of Your Financial Woes
One big advantage of obtaining low interest personal loans is that you can get your loan sanctioned without the worry about credit worthiness and rating. This type of loan is suitable for people who have had earlier cases of defaulted loans, bankruptcy proceedings, and bad credit ratings. Getting these loans for debts at low interest rates, easy repayment schedules, and the option to go for either secured or unsecured loans are all positives for such type of loans. It should be remembered that many of the organizations that help with debt relief problems do not actually provide any loans; they will assist you in securing low interest personal loans only after thoroughly assessing your financial viability, assets, liabilities, credit history, before recommending a solution sorting out the financial problem.

Getting the better options for low interest rate personal loans with our experts and find the right tips to get a unsecured loans for debts with Debtmediators Australia.

Article Source: EzineArticles.com

Video: Some additional help to Start Saving Money and reduce your spending

 Low Interest Personal Loans To Get Out Of Debt

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Why Don’t Banks Always Offer Free Credit Scores? http://www.helpwithdebtnow.com/why-dont-banks-always-offer-free-credit-scores.html http://www.helpwithdebtnow.com/why-dont-banks-always-offer-free-credit-scores.html#comments Thu, 25 Oct 2012 07:27:49 +0000 MGB http://www.helpwithdebtnow.com/?p=9724 Post from: Help With Debt
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While the words free credit score may perk up your interest, don’t get too excited as what you see is certainly not what you are hoping to get. When struggling with credit issues, monitoring your credit core is key to ensure you are improving your score, managing on payments, and sidelining potential errors that can badly damage your credit.

Do banks offer free credit scores?

Recently, Wells Fargo offered free credit scores to their customers for a limited time. After further investigation, however, it appears that this is not exactly what most people are looking for. Traditional FICO scores are in the 300-850 range. Wells Fargo’s VantageScore is an adjusted version of the their 501-990 scale.

It is important to remember that FICO scores are not free. Credit reports are free once each year, but these do not produce your actual credit score. When you choose to look at free credit scores what you are actually getting is an “estimated” score, based on your FICO.

299031183 f630a25495 m Why Dont Banks Always Offer Free Credit Scores?Banks do not always offer free credit scores because they don’t own them. Due to strict lobbying on behalf of financial interest groups, it is nearly impossible to get your score for free. Banks do not own your credit score, but merely provide information on your account standing and credit worthiness to consumer reporting agencies such as Experian, Equifax and Transunion, which are in turn monitored by FICO (Fair Isaac).

Are estimated scores even worth it?

Though you may not be getting the real thing, having a scaled version of your FICO score can still help. The FICO is what is used by most mortgage and credit companies to determine your creditworthiness. Since free scores reflect an estimate of your creditworthiness it is usually a good indicator of whether or not you actually have good credit. If you have a high credit score, your estimated score will be high and vice versa. Where this can be tricky is if you are one of few buyers in middle ground, whose score borders fair and average credit.

Can you ever get a free FICO score?

So, can you get ever obtain your FICO score for free? When you go to purchase a car, the company will run your credit to check out your trustworthiness and likelihood of paying the car off in time. If you really want to check your score for free, simply go in to a car dealership and have them run your credit to see “if you qualify.” The dealer will produce a paper with your actual FICO score. Be sure to take a strong-willed friend with you in order to quickly and effectively shoot down any sales tactics.

Another option for getting your credit score for free is through signing for a free trial through Fair Isaac, the owners of FICO themselves. Their Score Watch service monitors and reports any changes to your credit. You can access the trial for 10 days for free, after which you should cancel the trial to avoid the $14.95 fee for 3 months of credit monitoring.

How much is my credit score?

If you just want to purchase your FICO score you can do that too. It costs $19.95 every time you would like to see it and can be accessed through the Fair Isaac website.

Be Careful

Though you can check your credit score for free in this way, don’t do it too often. As Credit Repair firm Lexington Law warns, each credit score that is requested on your behalf shows up on your credit report. Too many of these requests, and your score will go down. This is because companies perceive you are out seeking too much credit and may incur debt.

Author Bio: This article was written by author and blogger Chase Sagum. Chase covers Financial and Economic topics from a political perspective around the web.

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The Subtle Sacrifices of Debt-Free Living http://www.helpwithdebtnow.com/the-subtle-sacrifices-of-debt-free-living.html http://www.helpwithdebtnow.com/the-subtle-sacrifices-of-debt-free-living.html#comments Wed, 10 Oct 2012 12:44:39 +0000 MGB http://www.helpwithdebtnow.com/?p=9719 Post from: Help With Debt
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Debt-free living: It sounds like the dream, especially in today’s economic climate where hundreds of thousands of people, households, countries even are in more debt than they can manage. But without some debt could we be prohibiting our chances at a better life? With education loans leading to better paid jobs, mortgages equaling security and those little loans that may just help out in the short term does a strict no-debt life ultimately mean making sacrifices?

Owning Debt To Get a Loan

A credit rating is one of the most mind-boggling ways to assess a person’s suitability for a loan, this is because most loan companies require the borrower to have debt already in order to qualify. It’s a way of assessing whether a person has the ability to manage their debt, making them less risky. It could simply be in the form of a credit card used very occasionally and paid off in full regularly, this way if a loan is ever necessary it’s possible.

Loans Leading To Assets

179416400 1473652f68 The Subtle Sacrifices of Debt Free LivingIn the case of a mortgage it may not be preferable even if the buyer has the money, to purchase a property out-right. Lenders often offer very good repayment plans which allow borrowers to pay the house off gradually and at a low fee. Without this it may be that the buyer has no money left over to make improvements to the property, which will ultimately make them a profit in the long run. There is also the buy to let option, whereby a buyer will take out a mortgage and then simply let out the property, safe in the knowledge that his/her tenants are paying off the loan for him/her.

With a car loan, those living without debt may choose to keep a car until its run into the ground, but surely lending money and repaying at a low fee may just result in a better motor which can then be sold on or part exchanged before it’s knackered.

Education Loans

These are some of the cheapest loans available to anyone wishing to further their career prospects with study. Sure in some industries it won’t be necessary to get into debt for a qualification, and experience can be just as valuable for some, but coming out of University on average $19,000 in debt shouldn’t be seen as scary when the average monthly repayments are so low. If the degree or masters helps boost employment opportunities then it’s a no-brainer.

Switching Debt

For those wanting to live debt-free credit cards may be seen as the devil, but if used wisely, as in the case of 0% balance transfer cards, it may work out beneficial to own one. A credit often comes with an initial period of 0% interest, whether that be on spending or balance transfers, so if when coming to the end of that period the lender is still in debt, taking out a 0% balance transfer card and transferring the debt onto the new card means saving the additional fees, just remember to cut up the old card.

Debt is always a scary prospect and stigmas surrounding it mean a lot of people try to outwardly avoid it, but the sacrifices made to stay debt-free such as never owning property, staying in a lower paid job or not finding employment and not being able to get debt if it really is needed may not be worth the fight.

Author Bio: Geoffery specialises in the money lending market and enjoys visiting sites like Wonga (https://www.wonga.com/) in his spare time for short term and payday loans inspiration.   

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Bad Economies & Gold Investment http://www.helpwithdebtnow.com/bad-economies-gold-investment.html http://www.helpwithdebtnow.com/bad-economies-gold-investment.html#comments Fri, 21 Sep 2012 15:24:34 +0000 Guest http://www.helpwithdebtnow.com/?p=9704 Post from: Help With Debt
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In bad economic climates, investment and savings strategies change dramatically for many people. The fact is, the stock market becomes unreliable in bad economic times, and this forces many people to look for alternative forms of investment as they try to salvage their wealth. One such form of investment that can occasionally work very well in bad economies is purchasing gold bullion.

Investing in gold bullion, for those without experience doing so, is actually a very simple practice. You can simply head to a gold investment website such as Bullion Vault, where you will find updated prices and secure storage options. At this site, you are able to buy any quantity of gold bullion you like, at any time, and store it, collect it, or sell it as you wish. The entire process is incredibly easy and convenient. But does it make sense for you?

300px Gold bullion 2 Bad Economies & Gold InvestmentGold is occasionally a solid investment in poor economies. This is so because many people turn from struggling currencies to more stable resources like gold, which can drive the price up while protecting your wealth. However, it is important to observe the gold market carefully before committing to investment.

Author Bio: This is a BullionVault guest post, written by freelancer David Hagan.

 Bad Economies & Gold Investment

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