Are you desperately in need of money to continue your education having known that it will help you a lot in your endeavor to find employment with better income? As a mom, it is your responsibility to provide the needs of your family especially your kids. And you can do this by having enough income to sustain their needs. Employment is the common source of income by many but not all jobs bring enough salary especially for those who have their own...more
When the credit crunch commenced in the first half of 2007 no one at first really took the situation too seriously.All through history there are times of rises and dips in the economy.When the general public heard that the Northern Rock was not as stable as it ought to have been the public was more alerted that the banking industry was in dire trouble.Looking at the news both in the press and also seeing long queues of investors outside the...more
Credit card (CC) issuers are facing tough competition and one of the best marketing strategies they came up with are low interest cards. Obviously, people are more attracted to a low interest rate CC and they're most likely to pay attention to these credit cards compared to CC's with standard rates and costs.What are the benefits of having low interest CC's? Are they really as good as they promise to be? Which particular low interest credit card should you choose? How can you make the most out of your low interest credit card? Let's try to answer these questions one by one.Benefits of Low Interest Credit Cards- Ideal when you carry over a balance. It is recommended to pay off your CC balance in full each month. However, if you've made a large purchase, it may be necessary for you to carry over your balance for the next month. In this case, a card with a low rate of interest is your best partner because you'll only have to add a small additional fee for the interest rate.- Ideal for consolidating credit debts. If you own multiple CCs with high rates and you're carrying a balance with each, it's best to transfer them over to a low interest rate credit card. This will save...more
BackgroundAccounting has been defined by the profession as The art of recording, classifying, and summarising, in terms of money, transactions and events which are, essentially, financial in nature, and interpreting the results accordingly.Accounting relates to the dissemination and measurement of financial information by accountancy professionals...more
History of AccountingBeyond Luca PacioliIn 1543, it is believed that the first book on accounting to be published in English was by John Gough. Entitled Debtor and Creditor, it was portrayed as A Profitable Treatyce.In 1588, John Mellis of Southwark published a book which consisted of a series of instructions based on accounting principles. He...more
The price of properties has fallen drastically since the advent of the credit crunch.The main effect was found in the mortgage and secured loan markets.Secured home loans require the security of the bricks and mortar value of a property, and they depend to a large extent on property value.In addition to property prices decreasing the number of secured loans and remortgages available, the underwriting criteria of mortgage and secured loan lenders tightened, further limiting the eligibility of many.Prior to the credit crunch and with home prices going up, underwriting in the mortgage and secured loan markets was less strict.There was ready availability of secured loans at 90% LTV , 95% LTV,100% and even the 125% equity plan whereby it was possible to borrow up to 25% more than the property was actually worth.Similarly with mortgages and remortgaes it was possible to obtain a mortgage or a remortgage up to 100% of the property value.Mortgages and remortgages were available from The Northern Rock at up to 125% of the value of the property.This meant that apart from property prices continully rising, with underwriting and loan to values being very liberal, many more people up to three...more
For the married couple, it is truly essential that an estate is properly structured, legally protected, and the disposition of assets in the case of separation clearly defined. If you have not yet started a trust for your assets as a property...more
When financial woes hit a married couple the unfortunate outcome is often a divorce. Of course, this means the division of assets, along with the usual amount of bickering over that division. But if those assets are in a trust, what happens?The...more
Here are 5 signs that you either have a major debt problem on your hands, or you are headed in that direction:1. You have no clue how much total debt you have. A sure sign that you are either in trouble, or are on the brink, is not knowing how much...more
If you are going through the ordeal of a foreclosure on your home, you will need stop foreclosure help right away. Stop foreclosure help can come in many forms for the homeowner. A homeowner can seek the help from a lawyer or foreclosure...more
The UK economy has rarely been so seriously bad.The UK has only previously been in such financial crisis when at war.It was to be hoped that the Budget this week might contain some little gems that would help the recovery but unfortunately this was...more
Anyone who has a poor credit rating will find that obtaining credit is very difficult. These people are seen as a large risk by companys who offer credit. However many people with bad credit still want to have a credit card to make purchases. Whilst...more