Uk Debt Consolidation

UK Debt Consolidation – Looking at the options

If you have debts and live in the UK, then you will want to know what debt Consolidation Options are open to you. Debt consolidation is a viable solution for many individuals who currently have debt problems.  One of the most popular choices to manage your debts, is A  Debt Consolidation Loan. a Debt Consolidation loans allows you to repay existing debts and take control of your finances by replacing multiple repayments with one, affordable monthly payment.

Fixing Your Personal Finances Quickly and Effectively

Fixing Your Personal Finances Quickly and Effectively
Your personal finances mean a lot to you, and can affect how your life is lived. If you want your finances to do well, you have to monitor and take matters into your own hands. Here are some smart tips about managing your money.
1. Set a budget. This a simple thing to do, but so many people overlook it. A budget simply outlines where the money goes, and how the money comes in. Once you start a budget, you might see that you spend more than you thought you did on eating out, for example. You might see that your cable bill is costing more than you thought, when you take all of your expenses into account. By setting a budget, you can have some control over what happens to your money.
2. Pay with cash when possible. These days, it’s very easy to just use a piece of plastic to pay for items. You don’t even see the money cross hands, and if you use a credit card, it doesn’t come out of your bank account. The problem is, high interest rates can accompany that $50 you just spent on jeans, whereas $50 in cash is exactly that.
3. Create a list for shopping. You are much more likely to graze in the supermarket if you have not made a list first. You’ll pick up anything you think you can use, but the truth is that when you have a list with you, you stick to it. You get what you need and leave the store. That can save you lots of money every day.
4. Balance your checkbook. How many times have you thought you had more money in your bank account than you did? Balancing your checkbook makes sure that you don’t forget about any payments coming through, and it ensures that you know for a fact where every penny of your money is.
5. Store bank records in a safe place. Make sure you have your bank statements around so you can keep track of how you have been spending your money over time. You can follow your ski hobby through the months, for example. Look at your statements and make sure there are no mistake. Talk to your bank about waiving fees. Keep your records where you can see them at all times.
6. Stop buying things on impulse. When you decide you want something, wait 24 to 48 hours before buying it. Usually the impulse will pass, saving you money that you would have spent on a little trifle. If you really want a big ticket item, weight the pros and cons and try to get the very best deal you can.
7. Have a savings account. A lot of people simply do not have savings accounts anymore. That is not good money management. After receiving your paycheck, a savings account should be the first thing you pay every month. Everyone needs money for a rainy day, and if you make it a habit you will be able to afford an emergency much more easily than you would without your savings.
A lot of people struggle with money, but you don’t have to be one of them. Follow these tips and you will be able to manage your money well.

Types Of Debt Consolidation Loans That You Can Avail Of

Debt consolidation process involves grouping together several debts (unsecured) that you have into a single debt and lowering the interest rate on the debt. Now, you can consolidate your debts in two main ways and these are you can do it on your own or else you can also take the help of a debt consolidation company. If you opt to consolidate your debts on your own, you will have two options again. You can either take out a debt consolidation loan or else you can transfer the balance from all the high interest rate cards to a low interest one or to a new credit card offering you 0% on balance transfer. Though balance transfer is popular, many people opt to take out consolidation loan too.

Types of loan consolidation

Depending on the type of loan that you can take out in order to consolidate your debts, you will have two loan consolidation options. That is you can either take out a secured debt consolidation loan or an unsecured consolidation loan.

If you take out a secured consolidation loan, the interest rate of the loan will be low in comparison to the unsecured consolidation loan. As the loan is a secured one, you will have to keep any of your assets s the collateral and in most cases it is your home. So, if you default on this loan, the lender can take away your home in order to get back his money. Thus, you will have to be careful about taking out a secured consolidation loan. You will have to go on maintaining the payments on your secured consolidation loan.

However, if you get an unsecured consolidation loan in order o consolidate your unpaid bills, the interest rate in comparison to the secured loan will be a bit high. However, you won’t be required to keep any of your assets as collateral against the unsecured consolidation loan. Thus, you need not fear losing your asset.

What happens in loan consolidation?

In case of loan consolidation, you are required to take out a consolidation loan, secured or unsecured as mentioned above, as per your affordability and needs. The amount of this loan will be equal to the amount of debt that you owe to your creditors. Consolidation loans are available at low interest rates and so it helps you in lowering the interest rate. As a result, you are required to make only one and that too, a low payment on your consolidated debt.

Thus, you can see that loan consolidation is helpful enough for you to pay off your debts easily enough and become debt free in less time. However, one thing that you need to remember is that you will have to try and make more than minimum payments so that you do not end up paying more on the interest.

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Chief ways in which you can consolidate your debts

When you are suffering from rising debts and are getting buried under a pile of debts then you must take some actions in order to eliminate your debts and bring your financial life back on track. If the problem that you are facing has got to do with the multiple number of debts that you have, then you can consider a debt solution called debt consolidation. Under this process all your multiple debts are combined in order to form a single outstanding debt that you need to pay towards. The rate of interest that you are charged by your creditors also greatly reduces and you have to pay a much lower amount towards your debts.

There are many ways in which you can consolidate your debts. However, some of the most common and popular ways in which you can consolidate your debts are as follows.

1. By taking help of a debt consolidation company

You can consolidate your debts by seeking help from a debt consolidation company. When you first approach a debt consolidation company, then they assess your finances. They try to negotiate with your creditors lower rates of interest and then they also try to get your late fees and other such charges waived off. When this is done the amount that you are to pay towards your debts greatly reduces. The financial assessment that the company does, is to determine how much you will be able to afford to pay towards your debts every month.

After this amount is decided upon you are to pay this amount to the debt consolidation company every month. The company distributes this amount among your creditors after it has kept a certain sum as fees. When you enroll in a debt consolidation company then your creditors are notified that any queries or questions that they have should be directly addressed to the debt consolidation company. Thus, you get liberated from the botheration of tackling multiple creditor calls. You also do not have to pay many creditors and the amount that you pay is also lower than what you originally had to pay.

2. By taking out a debt consolidation loan

This loan is just like a personal loan only the difference is that it is taken out to pay off all your bills. You can take out this loan and pay off all your creditors. After that you will have only one creditor, that is the lender or the bank that has provided you the consolidation loan. Thus, you are now to pay only towards the consolidation loan which makes repayment a lot easier. Another very important advantage of taking out a debt consolidation loan is that you get this loan at a very low rate of interest, much lower than when your creditors charge you. Thus, if you take out this loan and pay off your debts you will be left with paying only a single very low interest loan. This not only reduces the total amount that you are paying towards your debts but also reduces the stress that comes with handling multiple bills.

3. By consolidating debts yourself

You can even consolidate your debts all by your self. This is a great way if you do not want to waste your money on paying fees to a debt consolidation company. You can negotiate directly with your creditors. Tell them your financial situation and that you are not being able to cope up with the payments. Ask your creditors politely to reduce your interest rates and waive off your late charges. You can pay for your debts by drawing from your retirement funds or using your savings.

These are a few ways in which you can consolidate your bills. It is important for you to understand that all ways are good and effective but you are to decide which way you are to opt for on the basis of your situation and your wants.

QCFP Top Five Tips For Selling Your Home The Conventional Way

QCFP Top Five Tips For Selling Your Home The Conventional Way

QCFP Buy My House Advice

QCFP will buy any type of home anywhere in the UK but if you are looking for a sale on the open market and want to maximise the potential price you will receive for your property you should follow these simple tips.

QCFP Top Tip No 1: The First Impression

Whether they are passing your home and notice the For Sale board or see a photo online or in an estate agents window, the first impression a buyer has of your property will be the exterior and this will determine whether they take it further and want to look inside.

Whilst you property is up for sale keep the lawn mowed and weeded and consider adding some flower beds or hanging baskets.  You may need to paint the doors, windows or exteriors and clear gutters.

QCFP Top Tip Number 2: De-Clutter

This is the cheapest and most effective way to make your home more likely to sell.  Going for the minimalist approach makes your property look larger and buyers will find it easier to visualise their own belongings inside.  Homes also look more attractive when the clutter is removed.  Box up excess toys and consider taking down family photos.  Always ensure the house, including the bedrooms are tidy.  Keep work surfaces and tables clean and clear.

QCFP Top Tip Number 3: Clean, Fresh and Neutral

Now is the time to get your carpets cleaned. It’s worth considering getting the professionals in for a deep clean as there are always bits we miss and a one off clean from a domestic company can have your house looking sparkly and smelling really fresh. Animal fur on carpets and beds is a particular turn off.

You may love your fancy wallpaper but the chances are your new buyer wont share your taste.  Most properties sell well when they are neutrally painted and decorated.

QCFP Top Tip Number 4:  Clear your home – of smells and people!

Try not to let your home smell of animals, smoke or strong smelling food like curries.  Give your home a good air before you expect visitors and remove pet beds, food or litter trays. A bunch of flowers on a cleared kitchen table can give just enough of an essence without the overpowering smells of air fresheners oil, or incense burners which should all be avoided.

The more people that are in your home, the smaller it will look.  Plus potential buyers will want to have a look around without feeling that they are being watched.  Try to get as many people and animals, particularly children and dogs out of the way whilst viewings are taking place.

QCFP Top Tip Number 5: Be Prepared For Questions

Some buyers are likely to bombard you with questions about your home.  You should know when the boiler was last serviced, what council tax band it is and how much it costs, who are the utility suppliers and whether there have been any alterations made.  Also try to be knowledgeable about the local area such as the schools, public transport and amenities.

QCFP Conclusion

QCFP know that doing all of the above can be costly and time consuming. The condition or state of your property does not matter to us.  We guarantee to make you an offer for your home regardless of its state of repair.

 

QCFP Overview And Buying A House

QCFP Property Summary
Reports from QCFP show that 2011 is still looking gloomy for the UK housing market, with further reductions in property values to continue this year. The average property value stands at around £175,416. Further cuts from 16pc to 9.1pc in 2014 have been predicted and house values have fallen for the 4th consecutive month. Bank lending still remains tight affecting many people that are looking to buy a home. Consumer confidence still remains weak within the UK housing market whilst home owners sit and wait for some signs of recovery. There is still much hesitancy within the property market, mainly due to the public spending cuts and the slow recovery of our economy.

QCFP Buying A Property
Do you need to sell your home? Do you have a buyer? Do you have equity in your property? Do you a mortgage outstanding? Do you have any secured loans or credit cards? Have you missed any payments on your credit cards or loans? Do you have any CCJ’s or defaults against your name? Are you currently in debt? These are all questions you need to ask yourself first before selling your property. As we all know, lending criteria is very tight and the banks will look at all of the above before deciding whether they will loan you the funds you require to help you buy the house you want. You could be selling your home for a number of reasons? New job? Emigration? Inheritance property? Relationship breakdown? Maybe you want to rent rather than have a mortgage? You will need to consider all the options when it comes to selling your property and the speed to which you need to sell your house, as these key points can point in the direction you need.

QCFP Review for 2011
Less than 1 in 4 are first time buyers and some areas of the UK 1 in 5 are first time buyers. The UK property market is currently not a healthy one as the proportion of first time buyers are around half of a typical healthy housing market. Much of this comes down to the way the mortgage lenders have tightened up on who they lend money to and the criteria you need to meet before they lend you any money. Raising a deposit and affordability of mortgage payments are also big pieces of the puzzle. With these concerns still hovering around potential home owners of which first time buyers are needed to help keep the chains active fluidity throughout the housing ladder. Keep yourself updated with what is happening in the housing market with the latest QCFP reports and updates.

Sell Your Home Fast Before Double Dip Housing Recession Hits UK

Capital Economics the economic think tank have warned that houses will lose a further 20% of their value in the next 2 years. Thousands of homeowners are now looking for a sell house fast solution before they lose even more equity.

It is feared that a double dip recession is on the cards as the Council of Mortgage Lenders reported that gross mortgage lending fell by a massive 13% last month to just £9.2billion proving that fast house sales are a distant memory on the property market.

Peter Charles, economist at the CML, said: “The Bank of England’s inflation report noted that the UK banks face a significant funding challenge over the next couple of years.

“In total, including funding supported by the public support schemes, around £400bn to £500bn of wholesale term debt is due to mature by the end of 2012.

“This implies that, even in the unlikely event of a marked upturn in mortgage demand, the level of activity in the mortgage market can be expected to remain constrained.”

Paul Diggle, a property specialist at Capital Economics said; “Prices are trending slowly downwards at the moment, but our view is that this is really the start of the second leg of the correction and we expect prices to fall significantly further.”

Commenting on the figures, David Whittaker, managing director of Mortgages For Business, said: “Imploring lenders to lend more this year will be as fruitful as asking Ed Balls to quieten down – it simply won’t happen.

“These figures highlight how important the private rental sector is going to be over the next few years. Until the mortgage market opens fully to first-time buyers it will continue to stagnate, leaving hundreds of thousands of people pouring into the rental sector.”

The CEO of Crown Mortgage Management, Eric Stoclet, said: “With GDP shrinking, house prices dropping and the impact of public spending cuts still uncertain, lenders responded emphatically in January. You can’t disguise adverse lending conditions.

“Demanding that lenders put their hands deeper into their pockets misses the point.”

Quick Cask for Properties can help you to today.  We buy any house in all conditions and locations across the UK.  For a free, no obligation cash offer for your home, call now on 0800 933 6137.

Sell House Fast With QCFP

So The UK property market continues to be slow. Many people seem be to stuck financially, but there are options.

Didn’t Think You Could Sell Your House In Its Current Condition? Think Again!

Has the property you are trying to sell seen better days? Whether your lack of DIY skills has left your property worse for wear or you inherited a property from an elderly relative who was happy to let their home age with them, you needn’t give it a makeover in order to find a buyer.

Most people can’t see beyond the cosmetics of the property or the work that needs to be done. However, property investors are in the business for renovation projects and it’s the last thing that would put them off buying your home.
Companies like We Buy Any House have panels of investors lining up to buy all types of properties. Phil Turner from the company told us: “Our investors are looking for all types of homes with some particularly looking to overhaul properties.
It often costs vendors more money than they make to do the work themselves. I’d advise anyone with any property to sell to get in touch with us to find out what we can offer as we buy houses for cash.”

For  a sell house fast solution you can contact QCFP. They specialise in quick house sales.

Debt Consolidation Loan

Debt Consolidation Loans  Explained

A  debt consolidation loan enables you to pay off all of your existing debts in part or in full. The primary objective of a debt consolidation loan is to allow the debtor to pay a reduced monthly sum to one single creditor, thus freeing up some spare capital. The repayment period for a debt consolidation loan will be longer but also you will have the option of  a better rate of interest if you secure the loan against an asset. This is something to be considered but with professional advice.
So Could a debt consolidation loan be your best option ?
A Debt consolidation loan means you will be taking out a single loan which you will use to pay off all of your other existing debts. You may decide to choose the debt consolidation loan route so that you have a lower rate of interest, and lower monthly repayments for your debts than is currently the case. Typically a debt consolidation loan, will give you greater control over your budget and your monthly repayments.
A Debt consolidation loan will be best for you if you have  high levels of credit card and high street store card debt. Store Card is usually one of the highest rates of interest with the average store card having an APR of 30% if this is you, then you are not alone, it is estimated that there are in excess of 14 million in the UK. In response to this popularity, the UK Competition Commission claimed that shoppers were paying grossly inflated interest rates on their cards, resulting in £100 million worth of overcharging each year.
Simplifying your various repayment commitments by consolidating them under one loan can reduce the risk of paying the excessive fees associated with late payments and alleviate the stress of having to manage multiple creditors.
How does the Debt Consolidation Loan process work?
firstly you should make a full review your personal financial circumstances, be honest with yourself, and leave nothing out. Only by doing this can be  sure that a  debt consolidation loan is the best debt consolidation option  for your personal circumstances.
To take full advantage of your debt consolidation loan, most lenders will want to be secured against your home. This can be risky as missed payments can result in repossession. Debt consolidation will not be the right method of treatment for everyone. If your financial difficulties are so severe that you require a more rigorous course of financial first aid, you may find that an IVA or bankruptcy procedure is your best option.
If a debt consolidation loan is your best option, your outstanding unsecured loans will be paid off by a new one.

A  debt consolidation loan enables you to pay off all of your existing debts in part or in full. The primary objective of a debt consolidation loan is to allow the debtor to pay a reduced monthly sum to one single creditor, thus freeing up some spare capital. The repayment period for a debt consolidation loan will be longer but also you will have the option of  a better rate of interest if you secure the loan against an asset. This is something to be considered but with professional advice.
So Could a debt consolidation loan be your best option ?
A Debt consolidation loan means you will be taking out a single loan which you will use to pay off all of your other existing debts. You may decide to choose the debt consolidation loan route so that you have a lower rate of interest, and lower monthly repayments for your debts than is currently the case. Typically a debt consolidation loan, will give you greater control over your budget and your monthly repayments.

A Debt consolidation loan will be best for you if you have  high levels of credit card and high street store card debt. Store Card is usually one of the highest rates of interest with the average store card having an APR of 30% if this is you, then you are not alone, it is estimated that there are in excess of 14 million in the UK. In response to this popularity, the UK Competition Commission claimed that shoppers were paying grossly inflated interest rates on their cards, resulting in £100 million worth of overcharging each year.
Simplifying your various repayment commitments by consolidating them under one loan can reduce the risk of paying the excessive fees associated with late payments and alleviate the stress of having to manage multiple creditors.
How does the Debt Consolidation Loan process work?
firstly you should make a full review your personal financial circumstances, be honest with yourself, and leave nothing out. Only by doing this can be  sure that a  debt consolidation loan is the best debt consolidation option  for your personal circumstances.
To take full advantage of your debt consolidation loan, most lenders will want to be secured against your home. This can be risky as missed payments can result in repossession. Debt consolidation will not be the right method of treatment for everyone. If your financial difficulties are so severe that you require a more rigorous course of financial first aid, you may find that an IVA or bankruptcy procedure is your best option.
If a debt consolidation loan is your best option, your outstanding unsecured loans will be paid off by a new one.