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December 2017 - Frat Stacks
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Monthly Archives: December 2017

3 Ways To Get Out Of Crippling Debt

crippling debt

No one ever intends to get themselves in debt, but it’s so easily done. Even those with the best of intentions and who are savvy financially can find themselves in this predicament, and when you’re shackled by debt it can be an incredibly stressful time.

If you’re being chased by creditors and are receiving letters, phone calls, bailiffs visits and more here’s what you need to do.

Speak To Your Creditors

You can either speak to your creditors directly, or speak to a debt management company who will contact them on your behalf. Either way, letting them know you are in a position where you can no longer fulfill your original agreement is important. Don’t bury your head in the sand as they will continue to chase you. Inform them of your circumstances and see if you can come to an agreement for reduced payments. In some cases they may be willing to accept very small token payments for a number of months until your situation changes. Continue reading

Key Tips On How To Improve Your Credit Score Above 400

improve your credit score above 400

Introduction To Credit Scores

You have heard mentions of the so-called “credit score” when dealing with financial institutions, lenders, or investment agencies for homes and cars. They discuss you things about their services and you are enticed. But the moment they discuss about this score, those with good ones move over to the next phase and happily get out of that building with packages that they got.

But what if you are on the lower end of the line?

Reasons Why Credit Scores Reach All-Time Low

The credit score is a three-digit valuation that comes from credit reports, and are used by lenders to determine your trustworthiness as a paying client.Continue reading

9 Tips To Help You Get Your Personal Loans Approved

 get your personal loans approved

A personal loan a great avenue to help you with your financial burdens. You might be applying for one for several reasons which can include buying a new house, going for a holiday vacation, and paying off other debts. Whatever your purpose is, you still need to comply with all the requirements before submitting a loan application. Applying for a loan entails a rigorous process, and you may not be sure if you can get an approval especially if you lack a solid proof of your financial capacity.

This might be your first time in applying for a personal loan that is why you might not know what to do first or what to prepare before actually visiting your preferred credit company. To avoid the hassle and stress loan application might give you, follow these steps below. By doing all of these, you will not only be confident that you will have that approved stamp mark in your documents but this can also guarantee that you will have a smooth transaction during your personal loan application.Continue reading

5 Of The Best Ways To Make Smart Financial Decisions

make smart financial decisions

Making a decision is always hard. Because how are you really meant to know that you’ve gone with the right option? Well, that’s the thing about life, we never really know. But we just have to be able to trust that we’ve made the right choice. While in some circumstances, you’re always going to be okay to chance it, that’s not always the case with the more important things in life.

Because you’re definitely not going to get worried about the ice cream flavor you choose, but you could cause yourself a few issues if you make the wrong choice with your finances. So if you want to make sure that you start to make the best decisions going forwards, these tips should help.Continue reading

Is It Ever Too Early To Think About Your Financial Future?

thinking about your financial future

Thinking about the future, when you may require savings to fall back on, is not something that you may feel ready to do. You may just be starting out in life, or you might be in the process of raising a family, either way, you might not feel ready to start thinking about your financial future and what you need to do to prepare for it.

However, the fact is that it is never too early to prepare for your future because time passes incredibly quickly. Whether you know that you want money to give to your children when they go off to college, would like to be able to afford to pay off your mortgage in full, or need to start saving for a pension, now is the time to do it.

There will always be a reason to put it off, but if you want to ensure that financially, your future is set, then you need to make sure that you are prepared for the future. Start taking steps to prepare now, and your future self will thank you for it.

Wondering how you can do that? Read on for everything that you should know.

Look at your options

The first thing that you need to do is consider what your options are. Take into account that amount of money that you will need, whether it is $20,000 or $200,000 it doesn’t matter; it’s just important to set a goal – a target that you can work towards meeting.

The point is to look at the options that you have and decide which you would prefer to take. Let’s say, for instance, that you are in need of a pension. You need to decide what route to go down to get one – go through a company or save by yourself. Regardless of the situation, it is always worth taking the time to consider the various options that are available to you.

Seek advice

If you are still not sure what route to go down to secure your financial future, then it is worth taking the time to seek advice from a financial planner. The fact is that when it comes to your finances unless you are an expert, sometimes you need a helping hand, and that is perfectly fine.

If you are unsure about the best ways to secure your financial future, talking to an expert and putting a plan in place could help.

Allow your finances to grow over time

One of the best ways to secure your financial future is to let your finances grow over time. What this means is putting a plan in place that you can contribute to slowly over a period of years, letting it build up and up. So that by the time you need to access the funds, you have everything that you need available to you. You don’t need to attempt to put all of the money aside that you need at once, you can allow the funds to build up gradually over time.

It is never too early to think about your financial future, which is why if you don’t have a plan in place already, now is the time to start thinking about it.

Saving When It Comes to the Cost of Living

cost of living

The cost of living is high — higher than it ever has been, in fact. And, because the cost of living in the modern day is so high, you have to do everything you can do to bring the prices down. And, fear not, because this can be done! To see how this can be done, make sure to carry on reading.

Always seek to buy yourself some time

The cost of living is high, but something that you can buy for yourself is time. Specifically, you can and should buy yourself the time YOU need to pay back your bills and your debts and you should not be doing everything in your power to yield to harsh financial demands. Yes, of course it is advisable to pay back bills you owe, such as borrowed money, by the deadline that was set in place to do so. Continue reading

4 Helpful Tips for Using Your First Credit Card

tips for using your first credit card

Owning your first credit card can be a bit a scary. After all, you have probably heard about stories of people getting into debt, and you don’t want to fall into this trap. However, unfortunately, owning a credit card is a necessity if you are to achieve a good credit score, which is something you will need. With that being said, read on to discover some top tips for using your very first credit card.Continue reading

Financial Security: Myth or Misunderstanding?

financial security

Finances are always on our mind. It doesn’t matter if it’s about retirement, starting a business or education fees for our children, we always need to think about our financial situation and we need to make plans for the future. There are usually two types of people when it comes to managing finances; those who struggle with saving their cash and those who have no future worries. The latter camp is referred to as having financial security.

Some people consider financial security to be a myth. After all, there’s a saying that goes “the best-laid plans of mice and men often go awry” and it’s, for the most part, completely true. It’s difficult to plan ahead for the future because you’re never sure what could come around the corner, so why waste the effort of preparing for the future when it could all be for nothing? In addition to that, there’s the problem of inflation which makes saving up your money rather difficult, so is there any reason to aim for financial security?Continue reading

5 Smart Money Moves To Make If You Ever Won The Lottery

lottery

Everyone buys a lottery ticket now and then, and everyone knows that the chance of them winning is incredibly slim. But, what if you did win? Most people think that if they ever won the lottery, they’d never have to worry about a thing, especially money, for the rest of their life. Unfortunately, this simply isn’t true. In fact, if you’re not careful, winning the lottery can ruin your life. Here are some tips that you should follow if you ever got incredibly lucky.Continue reading

3 Ways To Take A Hands Off Approach To Your Financial Management

This contributed post is for informational purposes only. Please consult a business, financial and legal professional before making any decisions.

financial management

We’re all busy people. There are only so many hours in the day, but there are seemingly countless numbers of tasks that we have to perform in those hours. Not feeling that you have enough time to manage your life as you should can be overwhelming, and can also lead to dropped balls that take a long time to recover from.

Your finances are one area that should demand your attention but, inevitably, they can be pushed to one side during times of high stress. While this is fine on an occasional basis — we all need a break every now and then — if you find the situation is becoming chronic, then you should look for an alternative financial management strategy instead.

If you’re constantly finding that you’re too busy to manage your finances in the way you would prefer, a “hands off” strategy might be the best way forward for you. While you can’t fully automate and abandon your entire budgeting strategy, there are a few tricks you can use to help alleviate the time burden.Continue reading

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