How to Get Out of a Financial Difficulty

Many people find themselves in some degree of financial difficulty. Whether it be economic recession, bad investments or just an inability to find a job due to lack of experience... you name it, financial difficulty can come suddenly and from a large variety of sources. Calm down. There is always a solution The most important thing is not to panic as it will only make things worse. After...

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Household debt in the UK is spiralling

Household debt in the UK has spiralled over the last few years. According to research from an accountancy firm PwC, the average figure of unsecured debt that an average household owes will be approximately £10,000 by the end of 2016. So what has caused this? Research shows that borrowing on credit cards, personal loans and overdrafts has grown by nearly £20 billion to £239 billion in...

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How to Effectively Manage Your Debts

It is not easy to manage your debts effectively. For a patient, the first step to cure is to accept that he or she is sick. This is the same with your debts. The first step to take for managing your debts effectively is to admit that you have those debts and you cannot expect a miracle for dealing with them. You have to start managing them or they are likely to spiral and get worse. You...

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How to Manage Your Debt

Matching assets and liabilities- This is an idea behind target date mutual funds and it is used by banks and insurance companies. You should have assets available to you at the time you will need them. It is not advisable to finance long term assets such as a home with a short term loan from a credit card. Have some knowledge that you cannot use the value of your home to pay the bill....

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How to Get Out of Debt

Many people have so many debts and would love to get rid of them but they do not know how to encounter it. There is no perfect way of getting rid of debts but there are so many suggestions that one can embrace and use. Ensure that you pay more than the minimum payments. Make minimum credit card payments monthly. You should pay as much extra as you can afford if you want to pay off your...

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Unsecured Loans

Unsecured loans are loans that are offered by the lender to the borrower with a promise to pay it back. Due to the increased risk that is involved, this type of loan attracts high interest rates. An unsecured loan is also referred to as signature loans or personal loans. Before one decides to borrow unsecured loan, you should check out on the interest rates. Unsecured loans are often most...

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Debt Management – The easiest option is not always the best

In today's climate more and more people are struggling with finance and do not know where to turn. Despite the fact that PiggyBank Loans are a responsible lender and complete the relevant credit and affordability checks even some of our customers are struggling. Ultimately a borrower is responsible for their own finance and can not place the blame on the lender but we are all human and...

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How to manage your debt?

The problem with debt management talk is that it is much easier said than done. There are so many people who come up with advises on what should be done and what should not be done. The truth is this; debt management is not an easy task. It requires sacrifice and consistency in order to attain a positive result. How do you determine if you have a lot of debt? To determine how deep in debt...

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Seven Myths about Debt

Managing money isn’t easy. So getting into debt (and out of debt) is widely written about. But if you do an online search for ‘ways to get out of debt’ you’ll often be sent to websites offering to loan you money. And all debt is bad right? Well, not always - it’s how you handle it that counts. So we’ve put together the top seven myths about debt, to help you understand how debt...

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