All You Need to Know About Debt Management Plans

A debt management plan is a method of making reduced monthly repayments towards the creditors of all of your accumulated unsecured debts in order to repay the total sum of the debts in a single preferable more manageable manner. A DMP is set created to assist those struggling to meet debt repayments but who still have money available after paying all essential day-to-day living expenses. You will make one monthly payment to your DMP provider who will make all payments to your creditors on your behalf. A DMP is not a legally binding contract. This means you can cancel and leave the plan at any time you wish. What debts can I include on a DMP? Most unsecured loans can … Read more

Why Your Spending In Retirement May Actually Increase

How prepared are you for retirement? If you assume that your monthly expenses will decrease in your post-working life, then you might be surprised to learn that many retirees experience the exact opposite. Instead, their expenses go up. How can that be? If you pay off your mortgage before retiring then perhaps your monthly budget will be noticeably lower. But, it’s not reasonable to expect your current lifestyle will drastically change in a more frugal direction upon retirement. There are many ways we psychologically approach retirement, but “live as frugally as possible” is likely not part of the plan. Instead, retirees view it as a time to live in well-deserved luxury and relaxation, whether that involves going out to dinner … Read more

There May Be Trouble Ahead – How to Plan For the Worst

If there is one thing for certain in anyone’s life it’s that there will be challenging and adverse circumstances at some point. Bad luck in the form of illness or injury, job loss or family break-ups touches most of our lives in one way or another, regardless of how successful we are. Indeed, it is these setbacks and how we deal with them that shape us as people. You can’t gaze into the future, but you can plan for difficult times, and doing so can save a lot of heartache and uncertainty further down the line as well as plan for the worst. How to Plan For the Worst Know Who To Turn To Recovery is all about the support … Read more

Financial Preparation Services Launches

Financial Preparation Services of Irvine, California is dedicated to helping their clients find the best possible loan solution. They understand what it’s like to live with debt, and not all money lenders are honest and want you to be able to pay them back. In fact, recently, there are large-scale loan service providers that have come under fire for unethical actions involving how they treated their clients and actually made it harder for them to pay off their loans. As loan companies make money on interest that borrowers are paying, the longer it takes to pay back the loan, the more money they make on your interest payments. The services offered by the Financial Preparation Services team are 100% dedicated … Read more

Tips for Applying for a Public Grant

Repair your Finances as a First Priority

There are many reasons that you might want to apply for a grant.  Non-profit organizations depend on donations to help fund their work.  If you are considering attending trade schools or college, there are many different grants you can apply for that will help alleviate the financial burden of educational costs.  Or if you are in business or considering starting a business, applying for a public grant could be a valuable tool that will help you achieve your dreams. But there are also grants that can assist with down payments on homes.  Many people do not have the standard 20% down payment that lenders are looking for, and while many programs can help with this, there are also grants that … Read more

Top 4 Tips to Increase Your Credit Limit

Before you apply for an increase in your credit limit, first ask yourself why you want a boost in your credit. If it is to feed your thirst for shopping or purchase luxuries you don’t need, then you should not pursue it. You will need to justify the bank and yourself that you know how to manage finances before they approve your request. This means you have an excellent record of credit payments for at least half a year. If your credit cards are maxed out, this only proves that you are always late in paying your balances. This usually leads to lenders rejecting your application. With these in mind, here are some ways your credit limit will be allowed … Read more