Credit cards, personal loans, mortgages and other forms of personal credit are an everyday part of financial life for all UK consumers. Looking at the figures for UK personal debt shows that Britain appears to be addicted to borrowing money and still continues obtaining more from the financial institutions. By the end of 2005 the UK personal debt levels stood at a record £1,148, with 83% of this debt consisting of secured mortgage loans. Due...more
I've been jobless for quite some time now! Am I worried about it? No way. I have decided to take my own destiny in my hands and join the many entrepreneurs in self employment. Not just self-employment, but home based business.What is the difference between self employment and home based business? Just this - if you take a break and go skiing for a week and you make no money, you're self employed and own your own job. If you make money while...more
What worse could have happened to the US economy then the 9th September 2001? Some perverted religious fanatics demolished the embodiment of the world trade. Terrorism is a threat to all the nations of the world. The human loss due to these activities cannot be condemned with words. The ruthlessness of the terror traders has an impact on each and every segment of life. The extent of these activities is extending by the day and the generally silent Europe too is feeling the cramps. The world markets face the wrath of the terrorist activities in their faces. There is an overall loss to the business in many ways. The people suddenly fear traveling through air. The airline companies themselves are more apprehensive about continuing with their normal work. Apart from the loss in passengers, the security too has to be made very tight and the loss has to be born by the companies.As a matter of fact, all sectors are put to a stand still due to these terror strikes. The direct effect of these is seen in the sudden drop in the markets. The stock prices do drop down and the trading comes to a stand still, however the business seldom stops and the markets show their cushioning effect by...more
A home equity loan enables a homeowner to secure money using his home as collateral. This is can be helpful for borrowers seeking a huge sum and those with poor credit histories. Bad credit home loan lending institutions or lenders are generally more open to such loans, as borrowers are less likely to default on payments with their property on the...more
I've been jobless for quite some time now! Am I worried about it? No way. I have decided to take my own destiny in my hands and join the many entrepreneurs in self employment. Not just self-employment, but home based business.What is the difference between self employment and home based business? Just this - if you take a break and go skiing for a...more
Equity is the value of a home vs. the value of the loan. Many homeowners today are searchingfor ways to increase the value in their home, payoff debts, buy a new motor vehicle, or else takea long needed vacation and few take out equity loans to accomplish the mission. The loans forthe borrower are revenue for releasing cash for extra expenditures. To the contrary, refinancingis the source for releasing cash, while home equity loans are more inteded for providing neededcash to cover expenditures by means of savings. Credit lines are also an option if you are considering long-term cash flow. Many home equityloans offer interest rates that are tax deductibles over time. Each year the borrower pays towardthe interest on the loan, which extends to five or seven years, and the taxes are deducted ifapplicable. Thus, you should check with your local H&R Block or other tax provider to find outif you qualify for the deduction. The difference in home equity loans--also known as Second Loans--is that these loansimmediately apply interest to the first amount paid on the mortgage. The credit line loans startinterest immediately after the borrower deducts money from the credit account. Both...more
Whenever you start something new, you're usually scared out of your pants, and I was no exception. Oh sure, I'm a self-assured, totally confident freelancer now, but when I got started working for myself, I was sweating bullets. There's no one to...more
The term "equity value" is often used synonymously with the entire equity of a given home loan.When homeowners consider equity loans, the lender will consider the equity built in the home. If thehome is not worth the amount applied for, the homeowner...more
There are simple, common sense steps you can take to get out of debt. Unfortunately, like losing weight, they are not necessarily easy or painless - but if you stick to them, you will become debt-free.Stop Borrowing MoneyThe first step to escaping...more
1. Big savings on daycare costs2. No more bosses giving you the stink eye for not working due to kid issues3. No commuting4. Savings on lunches out and work clothes5. More flexibility6. The ability to start a business doing something you love7. Make...more
Monopoly is a zero sum game based on competition. Since the money supply cannot increase, the players can win only by taking money from other players. The fundamental belief behind Monopoly is lack of money. This means that the only way to get...more
For many Americans debt is an overwhelming problem, a stressor that can quickly take hold of one's life. When there are bills attached to house, boat, automobiles, college tuition, and daycare, it's not hard to imagine that many folks can quickly be...more