Debt Consolidation Advice – Take Control

If you are struggling with debt, you should seek debt consolidation advice and regain control of your finances. To find out more visit http://www.loanconsolidation.ed.gov/

Debt Consolidation Advice

Never before have so many people sought out debt consolidation advice. Debt is constantly in the news. It is now estimated that it will take an average 77 years for people in debt to get back into the black, and so it’s not surprising that more of us are seeking debt consolidation advice.

Lifetime of debts

The increase in debt has been blamed on low income combined with poor financial decisions. The fact that many people do not understand finance and have easy access to credit means more people need debt consolidation advice and help.

Debt and lifestyle

It is vital that people seek debt consolidation advice to find out if debt consolidation is a solution for them. Being in serious debt can condemn people to a lifetime of poverty. The burden of debt also has heavy psychological implications with more people than ever seeking counselling or credit card and loan debts.

Unpayable debt

The concern is the deeper in debt people get; the harder it is to pay off. Having numerous debts can add to the financial confusion and if you are concerned about your situation it is worth investigating all options, including debt consolidation advice and approaching counsellors from agencies like the Citizen’s Advice Bureau.

There is hope

It’s important to take action and not ignore the situation. It won’t go away. Debt can create feelings of insecurity; seeking debt consolidation advice is a way to start taking control of your finances. Take stock of your assets and debts, set priorities and fix a budget to start managing your debt. Debt consolidation may be a way forward for you – but you should always seek advice before making any major decisions regarding your financial security.

• Seek debt consolidation advice to find out if this is an avenue to help resolve your financial issues
• Examine your assets and finances – you could have equity in your home that could help

Debt Consolidation – Soaring Living Costs

Dreaming of winning the lottery or getting a massive salary hike won’t fix the reality of day-to-day debt, but debt consolidation and an IVA with trusted companies like Fresh Start UK could.

If you’re relying on winning the lottery to get you out of massive debt, don’t hold your breath. But the brain can be self-deceitful; burying your head in the sand hoping for an unlikely windfall might be more palatable than facing up to harsh realities. Debt consolidation however can be an easy step to take if you turn to the debt management experts.

Debt consolidation – Facing up to the financial facts

The soaring cost of living is impacting on more families and households in the UK. For the first time in decades, the UK economy is making itself known – and not in a good way. Debt consolidation will become a necessity for more of us as new figures reveal just how high the cost of living now is; it will cost you on average £41 a day before you’ve even got out of bed! Why? Spiralling utility bills are partly to blame as gas and electricity companies have increased their charges, council tax bills have also risen and general household repayments, including mortgages, have pushed the cost of living for homeowners to an all time high.

Outgoings outstrip income

Newspapers across the UK have reported on the revealing Citizens Advice study that shows the average household now pays £14,800 in bills every year, a massive £6,000 more than five years ago. It doesn’t take much then to land in unmanageable debt – a holiday, car maintenance, a wedding, or just day-to-day living costs. Debt consolidation it seems will become in increasing preoccupation for more homeowners as 2008 ticks by.

Affordability gap leads to debt consolidation demand

Essentials such as gas, electric, water, phones, home insurance and TV licences now all add up to an average £3,426, with the annual cost of a mortgage costing £12,000. For those who over-stretched themselves or over-borrowed to buy their homes, debt consolidation may become a necessity as part of a debt management strategy to keep financially afloat – while still holding on to their homes. The figures also impact on those sectors and locations where wages have not risen to meet the rising cost of living. It’s this affordability gap that lands many homeowners in financial difficulties – even if they have a beautiful home and earn an average or more-than-average salary.

It can feel simply impossible to balance your income with your outgoings, especially if you are already in expensive or spiralling debt. Debt consolidation and debt management plans could provide a way-out for those fearful that they are facing financial ruin.

Warmth and Pain Relief

Many of us don’t like taking pain relief medicine unless we really have to. We’ll put up with the pain rather than take drugs for it. But there are other ways to relieve some types of pain, and some of them involve warmth. To find out more visit http://www.arthritistoday.org/conditions/osteoarthritis/treatment/heat-cold-for-pain-relief.php

There are many different types of warmth or heat treatments available – from simple neck pads to full-size spa baths. All of these use the application of heat to your body to help relieve your pain.

So why does heat work? Well, in layman’s terms it’s because the more pain you’re in the more your muscles tense and the more stressed you feel and the more pain you feel. The heat relaxes your muscles and that improves your blood flow and reduces your pain levels.

When you apply heat to all, or a particular part of your body, your body tries to restore your natural temperature. Your heart beats faster and that results in a temporary increase in your blood pressure. Having warmer blood pumping through your system expands your blood vessels, causing the blood to flow more freely. This increases your circulation, which in turn relaxes your muscles.

Although some heat treatments would need to be recommended by your doctor, there are plenty of heat pads that you can buy to help with everyday muscular problems. Specially shaped neck pillows filled with a variety of different things from cherry stones to wheat, cushions that can be microwaved for heat relief or frozen for cold compresses and pads that are specifically for warming hands or feet, can all give you relief when you need it most. What’s more, they’re a great gift, because they can be re-used and give real comfort when we need it most.

Why is the FSA important to you, as a customer

The FSA is an independent watchdog set up by the government to regulate financial services and protect your rights. It covers a wide range of services and pensions are one of them. So, why is the FSA and its pension advice and regulations important to you? To find out more visit http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/StatePensionforecast/DG_10014008

The FSA (Financial Services Authority) introduced regulations within the pension business in 2004. This means that every pension provider you deal with today should be FSA registered and should comply with the FSA regulations. As a result this means that all the advice you receive from a professional pension adviser should be honest and within your best interests.

The Pensions Act 2004 benefits you and protects your rights by:

• Ensuring that all the existing legislation is clear and accessible
• Establishing a Pensions Regulator
• Obliging all Stakeholder Pension Schemes are registered with the Pensions Regulator

This is a tremendous benefit to you as a consumer as it means that you can be sure that your rights are being protected

Pension Advice and the Reasons for Getting a Pension

Why get a pension?

If you feel you are in the prime of your life you might be wondering why on earth you should be considering a Pension Lite pension or even listening to pension advice. Surely thoughts about pensions should be for old people. Or maybe you think that you have enough expenses going out of the account without adding another one to them. However, don’t you also feel as though time is moving faster and faster? There are only a few days between Christmas and Easter and so imagine how quickly your retirement will be upon you. Every day you get closer to your retirement and everyday that you don’t pay into a pension scheme is a little bit less comfort in your old age. Why not read on for some excellent reasons for taking out a pension?

People are living longer and longer and this is throwing doubt over what the future for State Pensions might hold. The State Pension at the moment is £82.05 per week but this might not be sustainable in the future. This means that you will have to save the money in order to retire and continue with your standard of living. At the moment you would be living off £82.05 a week which may be much lower than the amount you are currently used to and even this is looking uncertain. If you want to have a comfortable life when you retire and you don’t just want to be living off a minimal income then you need to start paying into a pension scheme now.

With good solid pensions advice you will find that no matter what your situation you will be able to find a suitable scheme or savings system to suit your needs. This will give you total peace of mind for your future and you will not need to put all your eyes in the rickety, old State Pension basket. It may seem like an extra expense at the moment and one which you may even struggle to afford but it is an investment into your future. Don’t forget that as time goes by, you will have less basic expenses, your children will no longer be dependent on you and you will have paid off the mortgage. This means that your monthly payments into your pension will not have as much of an effect on you, making it easier for you. It is never too late to begin making an investment into your future. If you are interested in finding out more about pensions, talk to Pension Lite today.

Offshore investment – benefits

Why should you choose to invest offshore?

Over the past 15-20 years, UK investors have become far more adept at managing their own investments. The introduction of tax-efficient vehicles such as ISAs and the emergence of off-setting accounts are just two of the ways in which the UK investment market has become more accessible to the man or woman on the street.

UK investments alone, however, don’t always provide the returns that some investors are looking for, and many of the products are subject to tax at high rates. It’s no surprise then that many investors choose to invest a proportion of their wealth in offshore investment products.

So, what are the benefits of choosing to invest offshore?

Returns

The wide variety of offshore investments means that there are more opportunities to gain excellent returns. For investors who have medium-term goals and need to provide for school or university fees or early retirement, offshore investing can provide the returns they need.

Tax

There are several tax benefits to investing offshore, particularly if you are living and working overseas. Depending on the type of investment, the length of the investment and how you choose to access your money when you need it, you can gain significant tax advantages through offshore investments, including income tax, capital gains tax and inheritance tax.

Access to more opportunities

By their nature, offshore investments give you access to more opportunities than traditional UK-based funds. The growing number of countries offering offshore investment means that you have a wider choice of products, and this allows you to tailor your portfolio more accurately and more successfully. Your returns could be greater and you can spread your risk across a wide range of investments.

Debt Consolidation – The Wealthy at Risk

Debt consolidation is something City workers may be facing up to as the credit crunch takes its toll. Even with offshore banking and investments, the rich are being hit by the financial crisis

Debt consolidation isn’t just something those on the financial breadline have to consider, as the credit crunch kicks in, predictions of job losses are being bandied around. Already, it’s expected City workers’ bonuses will disappear, and although for most of us earning an average salary, this seems like no big deal, for some it could end up leaving them with unmanageable debt. Debt consolidation, IVAs and bankruptcy are all set to increase for those high earners at the top end of the salary spectrum.

Debt Consolidation for the Super-rich

Debt consolidation is a reality for the super-rich as some City workers’ lifestyles are dependant on their big bonuses. Some City workers have mortgaged themselves to the max to afford London property in exclusive areas, and if prices plummet into negative equity and their salaries are affected, debt can quickly escalate. But those who hold on to their jobs could be the lucky ones; with debt consolidation schemes, by downsizing, or adjusting their outgoings to match their reduced income, it’s possible to batten down the hatches and survive the credit crunch. But for some, debt consolidation may not be enough; bankruptcy and house repossession could be looming.

40,000 City Jobs at Risk

A report in the Evening Standard states that up to 40,000 City jobs could be axed as the financial crisis deepens. One in ten jobs could be chopped in London’s financial heart; which will have a knock-on effect on property prices, deepening the financial crisis. Debt consolidation is likely to be on the cards as more City workers face up to the financial reality. Bankers, traders and financial support staff are all at risk of job cuts and redundancy – the loss of high salaries with the burden of expensive mortgages, cars and lifestyles will lead to spiralling debt for some; debt consolidation strategies will be crucial if they want to stay afloat.

‘Debt Consolidation’ – The New Buzz Word

The estimate of 40,000 jobs being at risk was projected by JP Morgan, a leading US investment bank. The figure is much higher than the 19,200 the Centre for Economics and Business Research recently suggested for City job losses. Debt consolidation is going to be more of a buzz word in the City than big million-pound bonuses for the next few years.