Even savvy savers can find themselves in a spot of financial bother. All that it takes is a reduction in your working hours, the closure of your workplace, or a sudden and unexpected bill, and suddenly the money you've saved begins to dwindle. When this happens, there is no shame in looking to others for help. Borrowing is not a mark of failure, but simply a means of securing funds that you don't currently have. Most people who apply for loans are actually financially stable; they simply lack the capital they require to make a particular purchase or start a project. However, borrowing is … [Read more...]
The Most Accurate Tumblr Posts About Being a Twenty Something
Have you ever been in a situation where you hear or see a quote and you automatically think, “yep, that is me.” Below, we will go over some Tumblr posts that definitely show that you are in your twenties. “Just When I Think I Am Getting My Life Together” This is an important quote because when you are in your twenties, everything may seem lie it is going perfect and then you hit an obstacle in the way. This happens to everyone and it is a learning curve. If you find that this quote fits you well, you should rethink what you are doing and then try to fix the situation. The better … [Read more...]
Why We’re Borrowing in 2016
There is a common misconception that borrowing must always be a bad thing. The ill-informed are so frightened of finding themselves indebted that they avoid asking for help even when it could be of benefit to them, erroneously believing that only the financially unstable seek extra funds. The truth is that most loan requests are actually catalyzed by a desire to speed up the time it takes to achieve our goals. Most of the people that borrow money are perfectly financially stable, and only borrow so that they can get what they want instantly rather than spending a year or more saving … [Read more...]
Using Debt Protection To Ensure A Risk Free Financial Future
There are many instances in your life that you are forced to take financial risks like taking a loan for building a new home, buying a bigger car or spending on a trip abroad. Though you think that it is possible to make the payments and complete the loan term successfully without any mishap, life is unfortunately not that predictable. Emergencies or accidents in life can make you renege on your payments and face the possibility of losing your property and getting a poor credit loom. So what do you do when faced with such a predicament? Using debt protection is one smart and very effective … [Read more...]
The Top Three Advantages of a Guarantor Loan
Personal loans can be a fantastic financial asset, especially for those without the ready capital they require. Rather than being some mark of monetary failing, or a loaded gun for the young and inexperienced, they can help to advance your aspirations, providing you with the opportunities you need to truly expand your horizons. One very interesting form of borrowing comes in the form of guarantor loans. It is ideal for those who would struggle to obtain credit on their own merits, due to youth, past misfortunes, or a non-existent credit history. Indeed, for those exploring their … [Read more...]
Spending Seems to Ignore Future Needs
After a few years of misery, Americans seem to be optimistic once again. Almost half have admitted in a Gallup Poll they are spending more than they were a year ago; only 18% admit the reverse but perhaps that is a consequence of the level of debt they are carrying. Certainly the level of credit card debt in the USA is quite disturbing. Some of the increases are due to simple inflation. Increased consumer confidence is another and probably greater reason for the spending. With interest rates low it is obvious that many Americans seem to think there is little point in saving yet with … [Read more...]
The Costs & Benefits of Selling a Structured Settlement to Pay Off Debt
Every year there are thousands of settlements distributed to people for unfortunate reasons. Sometimes these settlements are the result of injuries at work (such as falling off of a ladder) or something worse such as a car accident that caused death to a loved one and devastating injuries to yourself. As sad as these situations may be, the individuals who receive the money face a unique conundrum: Should they continue to receive their monthly settlements or take a lump sum payment? As you'll notice from the amount of advertising on television, there is no shortage of companies that are … [Read more...]
Using the Power of Mathematics to Avoid a Bad Interest Rate Swap Agreement
Math. For some people it sounds like fun. For other people, it sounds like a chore. Have you ever wondered why there is so much emphasis on it from such early age? Why we spend so much time with all the numbers, symbols, and equations? It turns out that as we get older, there is no escaping math. It doesn’t matter whether you’re an artist, engineer, plumber or university teacher - you’ll need to know your way with numbers. The Dangers of an Interest Rate Swap Agreement: Suppose you wanted to fund a new project such as buying your own house or starting your own company. But … [Read more...]