• Categories

  • Credit Cards
  • Current Accounts
  • Debt Reduction
  • General
  • Insurance
  • interest rates
  • Make Money
  • Managing Money
  • Marketing via the Internet
  • Mortgages
  • My Rants
  • Overseas Property Investment
  • Saving Money
  • Savings Accounts
  • Tax
  • UK Property Investment

subscribe

I received an email this morning which is so important I’ve just copied and pasted it in its entirety below.

I urge ALL landlords to read it and register with the LRS today!

====================================================

Good Morning,

It is not normal that I write to you this early in the week unless it is a rogue tenant alert but we have had researchers working over the weekend to collate data for the new ‘OurLoop’ site going live on 4 February 2011 www.ourloop.co.uk and feel that this qualifies as National Alert, we needed to inform you of some of our findings.  There is almost an epidemic developing of tenants that are not only refusing to pay their rents but they are unable to do so as the recession and the Government cuts start to take shape.  We have reported to our Members earlier in the year which was publicised by the BBC of our concerns of the migration of tenants and rent arrears due to the economy in the next year, this of course is now proving to be the case as a true prediction and therefore the next prediction has to be that due to shortages of funding because of the economic climate rents will not be met and Landlords will be either covering the deficit or start losing their properties.  We ourselves as Landlords are experiencing rent defaults and the alerts which are coming in thick and fast showing massive defaults are also representing this.

LRS field research and analysis of the current climate is showing that Landlords need to act very fast both to get our own tenants registered and to encourage new members on board to register their tenants. To do this and with new members uploading tenants will give us all an opportunity to reference with previous Landlords who may have sufferered rent defaults, this in turn should slow down the forth coming epidemic effecting members of LRS sweeping across the UK this year. I am sure you are aware that our motto at LRS is “prevention is better than cure”, we therefore ask that you send this off to everybody you know – Local Authority accreditation schemes, Landlords, Letting Agents. Associations and anyone else that can help this cause – our strength is really going to be in numbers. Any tenant who is considering not paying his rent will be less likely to knock and run if they know that they will not be able to get another property if any future landlord is registered on LRS.

For News Articles titled ‘Rent Arrears for 2010 up £56 Million on 2009. Still rising inc 2011  click the button below:

 

Or Follow this URL: http://www.national.landlordreferencing.co.uk/contents/en-uk/otherurl.html?ourl=D31

More news will be going up throughout the week on this issue, so keep an eye on our news pages.

Please check out our NEW Facebook Page:

http://www.facebook.com/pages/Landlord-Referencing-Services/179521938754867

Kindest Regards

Sarah Shakespeare

www.landlordreferencing.co.uk

Inside the credit ridden economy today we have seen most people owning a minimum of seven credit cards on the minimal basis. It really is constantly fun to buy when you find yourself not spending your own money. The only factor which is detrimental inside the entire show is that people tend to forget the money they’re so willfully spending and enjoying is meant to be returned towards the creditors in a limited stretch of time. By using an average, today an adult is carrying no less than nine thousand dollars in personal debt. Most of us carry multiple cards and hence it is difficult for people to help keep a tab how much may be put in on each card. It is easy to build-up high amount of credit with the cards put together.The credit giving society ahs been very lenient in distributing their cards. Now the issue lies with all the debtors as they can’t remember how much cash may be allocated to each card. It really is even difficult to allow them to track when was the last due date for payment. It’s concluded in serious trouble by which many people have been more than burdened with different kinds of fees and charges that is over and above the first charge.  However, you will find always means of getting out of credit debt. When you will decide to get rid of this debt, the very first thing you have to do is to stop using your card and channelize your complete fund towards credit card debt relief repayment.

Not lots of debts are treated for debt relief. Your debt should be atleast 6 months old or in addition. The buyer must not have paid towards the creditor the past 6 months. The creditor than books losses inside their books of accounts and tries to recover mony from the debtors to lower the losses.

Each card charges you a different rate. You must identify the cards which can be charging the greatest rates. Then you can certainly call up those creditors and ask them to reduce the rate to a lower rate. If they agree your monthly bills will come down and in the long run it will be easier for you to pay back your debts. In the event they cannot reduce the interest, you may transfer the total amount to your card which is charging you a lower rate.

Now you will need a repayment plan to pay for down the total amount. If is generally recommended to be charged  the cards when using the lowest balance first. If there are more cards with similar balance amount then you should pay down the one with higher interest rate.

Consolidating charge card debts is also a useful method of getting from credit card debt. Through this technique you can take away one loan with a lower interest rate and pay off every one of these loans. This won’t have an effect on your credit score nevertheless the duration of payment is increased. This process will give you the luxury of lower monthly bills each month. So get out of debt now!

Different types of grants for starting a business are usually funded by the collected tax quantity. They’re distributed within the name of scholarships to numerous individuals or organizations or local governments, so as to motivate the development of economy and thereby to produce jobs and to enhance tax base of the nation. Indeed, it’s a type of purchase in America. The federal government problems a number of scholarships and among them exclusive scholarships are allotted for business start up as well regarding increase the company. Irrespective of the requirements, either ten thousand dollars or hundred thousand bucks, start applying for Different types of grants for starting a business.

Since the quantity of scholarships is countless, it’s very difficult to trace them out. You might need to make an extensive search. Actually, these different types of grants for starting a business are not hidden from your public, but the authorities involved in issuing these grants are occupied in building special programs and therefore could not spare time to promote them. Certainly, they attempt to distribute the grant money equally to all of the needy individuals and they require particular qualification to entry the grant money.

The eligibility criteria may be such as the entrepreneurs, kind of company, students, inventors, veterans in a company, unemployed, specific communities, ladies, youth providers, single mother and father, low earnings individuals, for the types who dropped all their property in some organic disasters and so on.

For the different types of grants for starting a business, there are some particular guidelines supplied by the authorities. But some of the guidelines and regulations are applicable to all grants. Even if you have acquired the grant money and also you more than ride those problems, then you may be asked to repay the quantity, instantly. But if you’re genuine using the cash to enhance the regular of your life by enhancing your company, you aren’t needed to pay back the amount.

All of us realize getting any kind of loan today is tough considering the economy. Lenders have tightened up their lending guidelines and if even if you can get approved today, you will likely pay more than you would have for the same loan a year ago. Many consumers are looking online to get their next car loans because accomplishing this is simple and hassle free. Lenders are moving online to supply customers with an excellent loan experience without the cost of a traditional branch system.

Aided by the credit crisis that exists today, when you have a credit score than is below 700, there is a good chance you won’t be able to find traditional financing. Even with a bad credit score or a lower score, getting your next auto loan online is right for you. Here’s a few of the advantages:

Time Savings: when you select to get on the web for your next auto loan, you save plenty of time over the standard method of financing. No more to you have to sit around in the dealership waiting to find out a finance manager to find out when you are approved, for just how much and what your monthly payments will be. Now you can actually apply, get an approval and know exactly what you’ll be paying for the loan, prior to you ever step foot into the dealership.

Negotiation Muscle: one of the most important reasons customers are flocking to the world wide web for his or her car loan needs is the tremendous negotiation power you gain by having your financing taken care of before buying your car. You are now looked at like a cash buyer in the dealers eyes providing you with an advantage when its time to figure on the purchase price of that new or used car or truck.

Savings: by selecting an internet lender to handle your auto loan, you will save money. Many do not realize that a dealer makes most of their profit off of you financing with the dealership. They take the rate a lender feels you should be charged and mark that rate up to earn a “spread” in the finance charges. When selecting to get on the web, you pay wholesale prices because you are dealing directly using the lender.

Deciding to log on for the automotive finance needs is a smart choice. Not just is it a hassle free experience but one that can save you hundreds of dollars in the long run. Do some research and find the proper lender for you – you’ll be glad you did. Yow will discover out more details about auto loans to purchase a vehicle at a dealership and refinance auto loans online at OpenRoad Lending.

I read the following article today and it summarises so well what I have been saying from the time I had my own ‘aha!’ moment.  In essence, work more, save more, take on an extra job, start a side business and the quickest strategy of all…. spend less money! Read the rest of the article  below.

Since When Is Saving Money a Bad Thing?

The recession is turning Americans into penny pinchers. Seven out of 10 of us are cutting expenses, a Gallup poll says. And we spend only 86 percent of what we used to.

Just about every mainstream publication I read — including The Wall Street Journal and The New York Times — says this is a bad thing. But they are wrong.

The point they make is that if Americans cut back on spending and save more, new cars will stay on lots. Contractors will lose jobs. Lawn services will be let go. And stores will go out of business. 

So what’s wrong with that?

The fundamental reason for the financial mess we are in is that we have been spending more money than we have. Consumers have been doing it. Businesses have been doing it. And the banks and institutions that hold our money have been gambling it away.

The press wants us to believe that trillions of dollars have mysteriously disappeared from our economy because of this lack of spending. But that wealth never existed in the first place. It was an accounting fraud. The land, the buildings, the machinery, and our human capital, however, do still exist.

When your business is losing money, you cut expenses and work harder. When families run over their budgets, they do the same thing. So why should it be different with an economy? It’s not.

Spending more now will only make things worse. But if you take care of yourself, you will be doing more for the economy than the government could ever do.

So work more. Save more. Take on an extra job. Start a side business. And spend less money.

 

Thank you Michael. But tell me this… why do people listen to you and not to me? Maybe it’s because you’re a well known and published author… but as long as people listen to one of us, then we’ve done our job.

• Blogroll