The Finance Advice

Bad credit can haunt you for years. how long do things like BK’s and charge offs stay on your credit report?

You know that your credit scores are based on your money management history - and if you’re working hard to rebuild your rating, it can be very frustrating to see the same old negative information showing up on your credit report.

Unfortunately, there’s not a lot you can do except wait it out. Your new, good habits will show up, and that will help your score, but the old stuff will remain for a while.

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Posted in Finance on November 15th, 2008
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There are four general debt solutions available, although your options will depend on the level of your debt and personal circumstances. They are

?    Loan consolidation/remortgage
?    Debt Management Plan
?    Individual Voluntary Arrangement (IVA)
?    Bankruptcy

Each solution has its advantages and disadvantages, which are outlined below.

Loan consolidation/remortgage

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Posted in Finance on October 3rd, 2008
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Millions of people receive collection letters everyday. Many of these collections should not be paid. Are you surprised? A credit repair expert shares some surprising facts. Check it out. You may save a bundle.

Whoa Nellie ? Don’t Pay that Bill

Hold your horses. So you got a collection letter in the mail. You are distraught and already figuring out how to pay the collector. Shockingly, a majority of collections are paid needlessly. Resist the impulse to pick up your checkbook. Just slow it down. Credit repair requires patience - and a bit of knowledge comes in handy too.

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Posted in Finance on September 23rd, 2008
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If you’re struggling to afford your monthly payments on loans, credit cards, store cards or other borrowing then a Debt Management Plan is an option which could see these reduced and therefore make your outgoings more affordable.

Get the lastest information on debt
management plans and whether they can help you with your debt problems

What is a Debt Management Plan?

If you’re struggling to afford your
monthly payments on loans, credit cards, store cards or other borrowing then a
Debt Management Plan is an option which could see these reduced and therefore
make your outgoings more affordable.

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Posted in Finance on September 14th, 2008
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An Individual Voluntary Arrangement, known as an IVA, is an agreement
made between a debtor and his or her creditors to repay a percentage of the
debts owed over the ?life’ of the IVA which is generally five years or sixty
months. To ensure that monies are distributed evenly and fairly to the
creditors the IVA is managed by an Insolvency Practitioner. The Practitioner
ensures that the debtor is given the fairest and most honest, realistic opportunity
to make regular monthly payments into their IVA fund. The fund is managed and
supervised throughout the duration of the IVA by the Insolvency Practitioner.

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Posted in Finance on August 23rd, 2008
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How to handle an identity theft 911 emergency — discovering somebody has stolen your identity.

An identity theft 911 situation is when you first discover you’re a victim of identity theft.

Perhaps you’ve just received a bill from a creditor you’ve never heard of before.  Perhaps you’ve just received a call from a bill collector who is demanding you pay for a widget you never bought.

Panic time.

Somebody is using your name, reference numbers (i.e., social security number, etc.) or other personal information to set up fraudulent accounts that you’re getting billed for.  You’re also wondering if maybe they’re tapping into accounts you’ve legitimately opened.

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Posted in Finance on August 17th, 2008
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If you use plastic money in a responsible way you can create an excellent credit history for yourself. When you do this you are showing creditors that you are serious about your credit and you are worthy of their financial assistance. 

Many people think of credit cards as the way that most people create bad credit, but did you know that you can use cards to create good credit for yourself, too? If you use this plastic money in a responsible way you can create an excellent credit history for yourself that will give you all of the buying power that you could ever want or need.

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Posted in Finance on June 9th, 2008
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Maintaining accounting records can be difficult for any business, especially self employed and small business organisations where a lack of accounting knowledge can be prohibitive. Selecting the right accounting software for your business can seriously improve financial performance.

The best choice is often dependent upon the size of the business and the employment of full time accountants, accounting staff, bookkeepers or management of the accounting records by the proprietor. Every business needs to choose the most appropriate accounts package according to both the requirements of the business and the capabilities of the person or people who will operate the accounting solution.

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Posted in Finance on May 24th, 2008
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