A homeowner in need of money can find easy refuge in secured personal loan. Like any other personal loan, you can use this loan as per your requirement and preference. Besides, the online lenders and their promotional offers make it a very viable option.

Secured personal loan offers you many benefits like long repayment tenure, big loan amount and low interest rate. Even if you have a bad credit history, you can get secured personal loan. Barriers like arrears, county court judgements, bankruptcy, etc., does affect your creditworthiness but if you are ready to provide your home as collateral then lender may give you secured personal loan. However, in case of bad credit, the interest rate will be relatively high than any other regular loan.

The presence of a lot of lenders in the UK financial market has benefited the borrowers. With stiff competition in place, the online lending market is offering many attractive offers. You can easily find a secured personal loan on easy terms and conditions. Many lenders are competing with each other to get the maximum share of the market and thus offering many lucrative options to the borrowers. Even otherwise, online secured personal loan is a quick route to borrow money. You need not waste your precious time in personally visiting the lenders’ premises. You can apply loan from the comfort of your home. Any enquiries, if required, can also be made online.

The only downside in case of secured personal loan is the risk of repossession. If you fail to repay the loan amount or any interest thereon, the lender has a legal right to seize your property. This process of seizing the property is called foreclosure. In fact, by entering into an agreement for secured loan, the borrower gives his consent for foreclosure in case of any default in repayment. But, even this risk can be easily avoided by making proper arrangement for the payment of instalments.

Making more money will not translate to having more if all you do is spend on your lifestyle.

Have you ever wondered why you had more money while you were a student than you do now you are working and earning more money than ever before?

I recall a function I attended with a friend over the weekend. It was a surprise birthday party organised by the celebrant’s partner. The number of people present was just right, not too many people, so it was easy to chat with everyone, after introducing oneself off course.

We talked about everything, growing old, getting married, the rising level of crime in the UK and jobs to name few. What caught my attention during the many discussions we had was the comment made by the celebrant’s partner. She wanted to look for another job so she could have more money.

On hearing those words, I thought to myself, thinking if that wasn’t what she said before she got her current job. I know I have -- am sure you have too -- thought the same in the past, “Making more money will mean having more”. You think this is logical, but reality is the more you earn, the more you tend to spend, leading you to your original position of not having enough.

Apart from my internal mumbling, I found myself noticing the different electronics and gadgets in her flat. She had a video iPod, plasma screen TV, satellite system, Bose sound system, she also had a flashy car outside. Not difficult to see why she didn’t have any money.

The sad fact is many people are in this situation, making a lot of money but also spending a lot on the latest gadget money can buy. It reminded me of a guy we used to make fun of while at university. This chap drove a nice car to university, but he never once had money to buy fuel in the car, the car was always running on empty.

It is a misconception to think the more you earn the more you can spend. Regardless of how high your salary is, if you keep spending, then you will always be without money, needing to make more. A vicious cycle if you will.

Making more money and having more money are two different things. It you wish to have more you have to learn to spend less than you make.

Can you imagine laying your hands on quick cash without much effort? Quick cash without a security pledged and no risk taken? If you thought that it’s only possible in your dreams, you are living in a fallacy. Yes, instant decision personal loan is your answer to all your hovering questions.

Availing instant decision personal loans is no more a tedious task. Consider instant decision unsecured loans if you are short of cash and are trying hard to get a loan without risking your assets such as a home, car or property. Instant decision unsecured loans can rescue you from jeopardizing your assets. Lose no home, car or property incase of loan defaults.

Instant Decision Personal Loans Unsecured! Online instant decision loans serve as a pay day loan to cater to the most emergent need. An instant decision personal loan cater to a volley of personal needs such as your home or car repair, debt consolidation, holiday, education or any other purpose. Getting a loan approved would take a long time as it involves collateral verification and paper work. Not any more. Small personal unsecured loans are made instantly online with no credit checks or collateral verifications. You no more have to be apprehensive about risking your collateral as your instant unsecured loan does not involve a collateral.

Best debt management loan rate!

If you are in financial crisis, unable to pay back your multiple loans on time and different payment dates are conflicting with each other, you can try out a feasible way of tackling your instant unsecured debts by opting for a best debt management loan rate. Best debt management loan helps unite all your debts together and enjoy a single payment towards your multiple debts. Your interest rate on such best debt management loan will be reduced to 50%.

Instant Decision Personal Loans Unsecured allows a borrower to raise a loan amount that ranges from ₤100 to ₤1,000 with a payment period of 2 to 4 weeks. A borrower should be a on a regular pay roll with good income and a checking bank account to qualify for pay day instant decision personal loans.

The main reason for the popularity of such instant decision for personal loan is that it is approved in less time, no collateral attached, so no risks of confiscation of property involved, no credit checks carried and helps tenants without any collateral to qualify for quick cash. Above all it approves quick cash for people with bad credits, ccj, arrears or loan defaults. So don’t lose hope on quick cash if you are in adverse credits, instant decision personal loan can help.

One of the successful budgeting systems that has endured over the years is called envelope budgeting. In earlier times, it was used to effectively manage a household’s money. It allowed you to know exactly where you were in your budget plan at any point in time and helped avoid credit card debt while providing an easy way to save.

So what is envelope budgeting? Quite simply, it is the dividing of income into categories of expenses, and then withdrawing that money from the category when money was needed to be spent. The money is literally put into paper envelopes.

For example, let’s assume that income for the month was $3000. When that money was received for the month, it would be divided up. Let’s assume that expenses for each month are budgeting to be the following:

* Housing - $600
* Utilities - $100
* Food - $400
* Savings - $600
* Auto payments - $400
* Auto Insurance - $200
* Entertainment - $100
* Auto Repair - $100
* Medical Expenses - $100
* Clothing - $100
* Cell Phones - $100
* Gifts - $100
* Vacation - 100

After the $3000 is divided up for the month, each envelope would have the amount indicated above. When housing was to be paid, the housing money would be withdrawn from the Housing envelope (leaving it empty). When food was needed, money would be taken from the Food envelope, and so on.

When there are expenses that are needed on a less regular basis, such as Auto Repair, money accumulates in the envelope until it is needed. This allows you to save money for expenses until it is needed. The same method can be used with expenses that are needed only once a year, like automobile registration. Accumulate the part of the expense each month throughout the year and then you have it when you need to pay that expense.

The advantage of this budgeting method is that it is easy to tell how much money is left for the month for a specific category by seeing how much money is left in the envelope. If all the money for entertainment for the month is already spent, then no more can be spent on entertainment until the following month.

Another advantage with the envelope budgeting system is in how it helps with credit card use. Add another envelope for credit card payments. When a credit card is used for some expense, remove that money from the associated category and move it to the Credit Card envelope. At the end of the month, use the money in the Credit Card envelope to pay the credit card bill. This is a huge help in managing credit cards, because you are accountable to the amount of money in the envelopes, even when using your credit cards.

Modern day technology makes envelope budgeting easier than ever. The availability of computers and the internet make it easy to do envelope budgeting, giving you all the advantages of this system, but without the paper envelopes.

So you have a few dollars to save, payoff debts, or invest for the future. What do you do with the money, so you can reach your goals in the quickest and easiest way possible - and not waste time or money on poor decisions?
Step One: Your Emergency Fund
You have received an inheritance of $50,000. What do you do with the money? Yes, you could buy that big screen TV and sound system, and take a major vacation - but what if you wanted to make huge progress on your goals, and not let the money waste away, bit by bit?
You have $500 left after your monthly bills and other fixed expenses are paid, and you set aside money for gas, food, clothing, and other necessary expenses. You could spend this money on little luxuries, pay extra on your mortgage, or save for retirement. How do you make the decision?
The first priority should be setting aside money in your Emergency Fund. Yes, even before you pay off your credit card debt (unless you are in default or delinquent on your bills - then first pay them enough to bring them up to date).
Regardless of how much credit card debt you have, the first step in creating a prosperous future is to change your habits. When the unexpected bill comes (and it always does), you should have money in your Emergency Fund to pay that bill, to avoid racking up additional credit card debt. If you have spent every extra dollar attempting to pay off your debt & have no money set aside, when something unexpected happens, you will rack up even more debt and be right back where you started.
Your Emergency Fund should contain three to six months of your actual bottom-line living expenses. Or more ... I have some clients with up to one year of cash set aside; typically, they are generally risk adverse, are self-employed, or have a fluctuating income stream. Your amount is not three to six months of your salary - it is the bills and necessarily expenses you would have if you were unable to earn income. These funds should be maintained in a cash account, typically a savings or money market account. The Weinstein family Emergency Fund is in an ING Direct Orange Savings Account.
A home equity line of credit (HELOC) does not count. Yes, you could use a home equity line, or take out a loan on your house, if you were unable to earn income or had emergency expenses. But, it would just rack up your monthly expenses and debt even further. And, since interest rates have risen, even the tax deduction does not compensate for the high expense of using the HELOC.
Once you have a well-established habit of saving money each month, and have your Emergency Fund set aside, we can move to the next step - prioritizing debt and your life goals.
Action Step One:
Open up a dedicated savings or money market Emergency Fund account. Set aside a fixed amount of money each month - whether it is $50, $500, or $5,000 - until your fund is at three to six months of your living expenses.
Step Two: Pay Off "Bad" Debt
You've set up your Emergency Fund, and created a wonderful habit of saving $50, $500, or $5000 each month. We don't want to let that habit disappear ... so where do we put your money next?
Step 2 is to pay off any "bad" debt. What that means really depends upon the person, and your tolerance for debt. Some people are not particularly bothered by debt, so their only "bad" debt are those with high interest rates, or minimal tax advantages (non-mortgage and non-student loan debts).
There are two situations where I may ignore the interest rate, and recommend the client pay off the debt ASAP.
(1) Loans from family or friends. These loans, while low interest, may be eating away at the relationship, without you even knowing it. They may reduce the relationship to a formal, strained, money-based transaction, instead of a loving, friendly, supportive bond. You may know the debt is a problem, or ask other relatives to see if the debt is a problem in culture of the family - if so, pay it off quick.
(2) Debt that is keeping your up at night, or making you feel unsuccessful. Debt may be the new "American way" - but it is not right for everyone, or even most people. Monthly payments, or even the idea that you could be repossessed or foreclosed upon, may be eating you up at night. You may feel venerable, or like you have never achieved any of your goals until that debt is paid off.
If this is you, then your debts may become a high priority, even over other goals, like college funding or purchasing a new home. Whether your debt should be paid off as a high priority, depends not just upon the interest rate, but upon the mental and emotional interest rate you are burdened with each month you are making loan payments.
Action Step Two:
Take a personal inventory of your debts, and how much they are costing you in mental and emotional energy. Do they bother you? How much? If so, regardless of how low the interest rate is, paying them off should be a high priority. Start today - pay an extra $10, $100, or $1000 on the principal each month. Even better, set up automatic bill payments in your online bank account bill-pay system to make automatic regular extra payments each month or quarter.
Step Three: Goals Funding - Base Level
Now you have set up your Emergency Fund, and paid off your "Bad" Debt, including a loan from a family member, a high-rate credit card, and an old debt from college that was really bothering you.
You have a bunch of goals - retirement, paying off your mortgage, buying your next house, launching a new business, and sending the kids to college.
Which comes first? Retirement? The kids? Paying off your debts? How do you decide?
Step 3 of Where to Put Your Next $1 is to fund your goals, in order of priority, at the base levels - the amount of money you need to satisfy the minimum requirement of your goal.
For example, how much money do you need to pay your bills in retirement - not live an extravagant lifestyle, or play golf every day for 20 years, or travel the world - but how much to keep out of a cardboard box and live comfortably?
How much money do you need to save to send the kids to State College, as opposed to Ivy League? How much would it cost for the house you need, as opposed to the house you want?
Then fund the minimum, base level of those goals in order of priority. This may mean you start by contributing to your retirement plan or IRA, then contribute to a 529 Plan for the kid's college education, then set aside money in a CD to start a business in 3 years, and then, finally, invest to raise funds for a bigger house.
How do you decide the order of priority? First, determine if there is another way to pay for the goal, besides your own savings - if so, then it is probably a lower priority than goals for which you have no other alternative. For instance, there are loans easily available for college education, but not for retirement (with the exception of a reverse mortgage). Also, you could obtain investors or take out a loan to fund a new business, and pay them off with the new income stream.
Second, evaluate if you are giving up "free money" by not utilizing pre-tax or matching savings or retirement plans. If you can save pre-tax, the federal government is contributing to your goal (since you don't have to pay those taxes), and if you don't take advantage of this each year, you are leaving money sitting on the table. Similarly, if you are lucky to be employed by a company who matches a 401(k) plan, you may want to contribute at least the match, to "let" your employer help fund your retirement.
Action Step Three:
Make a List of Your Goals, in order of priority. Look at your #1 Goal - is it really your most important, or is it just first in order of time? Any special types of accounts or matching available for this goal? How much will your goal cost? What's the base level for that goal?
Set aside money each month to fund the base level of your #1 Goal - use your automatic savings or investment plan help you execute this week's Action Step.
Step Four: Above and Beyond ...
You've maxed out your Emergency Fund, paid off your "bad" debts, and funded the minimum levels of your most important life goals. Great job! What's next?
Step 4 is to fully fund your goals, in order of priority. For example ...
* Max out your Roth IRA, if you are eligible. * Max out your 401(k) and IRAs (yes, you can do both, the IRA just might not be deductible). * Purchase ESPP stock (and don't forget to regularly sell and diversify). * Contribute to a 529 Plan and/or taxable investment account for college education. * Invest in taxable or tax-advantage accounts for miscellaneous future goals, or additional retirement funds. * Buy investment real estate and/or rental property. * Pay off your mortgage. * Purchase CDs or Bonds for specific, time dated goals. * Leave money sitting in your Health Savings Account, invested and tax-deferred, until you can roll it over to an IRA in your retirement.
Wow, do you still have money sitting on the table? Wonderful! If your goals are already funded, then don't forget to enjoy your money now. Take a first-class vacation, hire a errand service for a few hours each week, buy a new sound system, or make a significant donation to your favorite charity. Balance saving for your future goals with living life now.
Action Step Four:
Choose your highest priority goal from Step 3. Have you fully funded this goal, to achieve your ultimate dream? Evaluate whether you have funded the minimal level of your other goals. If you have, then choose an action step from the list above ... and enjoy your prosperity!

How do CFDs Work?

Contracts for Difference (CFDs) can sound rather complicated but are really very simple. With a CFD you pay the same price as you would for the underlying share. That means CFDs work in almost the same way as ordinary share dealing but have a range of additional features.

One benefit of trading CFDs is that you get the opportunity to take a larger position than you normally would if trading ordinary shares for the same outlay. When trading shares your broker will usually ask you to pay for the full amount of the transaction. With a CFD deal your broker will just ask you to make a deposit on the deal, which initially is often as low as 10% of the transaction value.

CFDs allow you to benefit from any market conditions providing you deal the right way. Not only can you profit from a rising share price by ‘going long’ you can also benefit from a falling share price by ‘going short’ (i.e. sell a CFD on a share you do not own). In these volatile markets going short can enable you to make profits where trading ordinary shares may not.

The best part of all about trading CFDs is you don’t pay any stamp duty – which effectively removes one of the greatest costs you face when trading normal shares.

Because of their geared structure, CFDs are high risk investments. Please read our full guide to CFDs and the CFD Important Investment Notes for full information on how CFDs work and the risk factors you should consider.

CONTRACTS FOR DIFFERENCE - TRADING STRATEGIES

HINT: TRADE THE FACTS

The same rules apply to CFDs as they do to share trading - In essence, they’re both about getting the direction of the instrument correct. Trading on rumours is a classic investor trait, which can often lead to losses as the event never materialises and the share price falls back.

HINT: DIVERSIFICATION

Overexposure in one particular asset class can quickly lead to losses (and gains). Diversifying your risk is well regarded amongst the most successful investors as the best way to reduce risk. Reducing risk can come in a variety of guises from investing in different sectors, taking short as well as long positions – creating a market neutral portfolio and trading across different markets. The most popular way of diversifying is by taking a position in an index, as opposed to the individual constituents. This way the impact of a large movement in a particular share, or even sector, will have less of an impact. Although you should always place a stop on your positions, it is particularly prudent with more exposed portfolios.

HINT: DO YOUR RESEARCH

Most CFD trading firms provide a range of research resources including charting, news and company information to keep you informed and help you make informed investment decisions. Keep yourself informed and up to date by making the most of the research centre.

TIP: DON’T OVERTRADE

Every investor has their own style of trading and you must decide what works for you. Just because you have the ability to trade frequently, doesn’t mean you have to! With competitive commissions and a high liquidity, the FX market is a classic example of where there can be literally dozens of trading opportunities throughout the day. You don’t have to trade every one of them to have a successful day.

TIP: CUTTING LOSSES

You will have losing trades. Decide on the amount you are willing to lose before you place the trade and stick to it. If you haven’t got the self-discipline to trade out of a losing position, place a stop on the trading platform and let the system do the hard work for you. The most successful traders are those who are very regimental in their use of stops. Quite simply, they rarely lose more money than they were initially prepared to lose. There are plenty of more opportunities, as long as you have retained the capital to take advantage of them!

TIP: UNDERSTANDING YOUR MARKET

Most CFD firms provide access to a range of global financial markets for you to trade. This wide selection is not an invitation to trade every market possible – it’s to provide a choice. As well as fully understanding the market and the news and data which impact its movements, make sure you fully understand how Barclays Stockbrokers offers the instruments and under what terms. Trade what you know.

TIP: CREATE TRADING TARGETS

Every trade should be entered into with one clear exit target if the trade is profitable and another for a losing trade. Limit and Stop orders are crucial to helping you achieve this. Don’t let a short-term trade become a long-term investment by not placing a stop. Moving your stop loss closer to the market price as your position becomes profitable allows greater flexibility in setting targets. You don’t have to call the very top or bottom of the market to regularly make money.

TIP: DON’T BE EMOTIONAL

CFDs are a very exciting way of trading, but don’t let emotion take over. The market is never wrong – and don’t try to prove otherwise. Sometimes the greatest discipline is to avoid the trade altogether. Like any good dealmaker – if the price isn’t right, walk away. Plan your trade and trade your plan.

TIP: MANAGING YOUR MONEY

Thrilling, exhilarating, gripping…. but these emotions will become few and far between without a sound, business-like approach to your CFD trading. Before you even start – only risk what you can afford to lose. Once you have established what proportion of your investment funds should be apportioned to CFDs you need to further break down your collateral into how much you are willing to lose on each individual trade. Then stick to this!

In this article, I will be explaining the different types of mortgage products that are available in the mortgage market, hopefully after reading this article you will have a better understanding of mortgages, and the products available, and therefore be able to choose which is the most suitable for your circumstances.

Firstly, I am going to talk about variable rate mortgages. There are four different types of variable rate mortgages, they are; standard variable rate, discounted, cashback and trackers. Although all of these products are slightly different they are all variable, which means they can go up or down.

A standard variable rate mortgage is the most frequently heard of mortgage product, the interest rate will vary throughout the term by reflecting the influences of things such as; the Bank of England base rate, competitors’ rates, and the bank’s current base rate.

A discounted product is related to the standard variable rate but offers a discount for a set period of time i.e two years, however some of these deals come with heavy early redemption penalties if you no longer want the mortgage when you are still in the discounted period.

Cashback mortgages offer an incentive of a percentage of the loan paid as a lump sum at the start of the mortgage i.e 3%, however early repayment charges are very commonly applicable on these types of mortgages, and the cash back may have to be repaid when the term expires.

Finally, tracker mortgages, these mortgages track movement in interest rate indicators such as London Inter Bank Offered Rates (LIBOR). The tracker may only last for a certain period of time and early repayment charges may accompany this.

The next type of mortgage product is a fixed rate mortgage. A fixed rate mortgage offers a guaranteed rate of interest payable for a certain amount of time i.e three years. On the majority of fixed rates early repayment and administration fees are chargeable if you no longer want the mortgage before the end of the fixed period.

A fixed rate can be what’s called; capped and collared, although technically it is not completely fixed the interest rate payable cannot go above a certain level (the cap) or below a set rate (the collar). You can also get mortgages that are capped but not collared, which means that the interest rate payable cannot go above a certain level but can decrease unlimited.

The last type of product I am going to talk about is flexible products, the main types are; Offset/Current account, Deferred interest and CAT standard mortgages. An Offset/Current account mortgage is where the borrower has all of there mortgage, savings an current account combined into one, the idea of this mortgage is it allows the borrower to offset any surplus funds against the mortgage and therefore repay it quicker.

Deferred interest mortgages allow the borrower to pay only part of the monthly interest repayment due for a fixed period of time. This means the borrower has effectively reduced short term payments, but increased payments in the later years of their mortgage.

CAT standard mortgages; CAT stands for charges, access and terms. This means that the mortgages meet the minimum standards set out by the HM Treasury. There are different standards dependent upon the product type i.e fixed or variable.

Many credit card holders want a higher credit card limit for various reasons. Credit card holders need to remember that to get a higher credit card limit, they must follow the terms and conditions of the credit card company or bank that issued the credit card.

Here are 5 ways for you to get a higher credit card limit:

1. The most important thing to do to get a higher credit card limit is to prove your credit worthiness. This is the first thing that banks look for when increasing your credit limit. Always give importance to the prompt payment of your credit card bill.

2. Attract positive attention from the credit card company or bank by paying a finance charge once a year. Obviously, this is not advisable on a repeated basis. However, this will increase your chances of getting a higher credit limit by giving you a positive credit history of meeting your financial obligations. The bank will see you as a better credit risk.

3. Use your credit cards regularly to help increase your credit limit. Banks regularly increase the spending limits for customers with a good record of paying on time and those who use the service frequently. Don't reserve your cards for emergency use only. Most banks and credit card companies will be reluctant to give you a higher credit card limit if you do not use them on a regular basis.

4. Always spend within your credit card limit because this means that you are capable of controlling your expenses.

5. Try to always pay the full amount due on your credit card bill if possible and do not make any late payments. This helps your chances of getting a credit limit increase, and you will avoid late fees and finance charges which can become expensive.

Call your credit card company once a year and request a credit limit increase. Don't assume that they will automatically increase your credit limit. Many times they will increase your credit limit if you follow the rules above and ask them to increase your credit limit personally.

The bottom line is that your performance in the records of banks and credit card companies will determine whether you will get a higher credit card limit. By using your credit responsibly, you can enjoy a better lifestyle and meet your financial obligations with more certainty. Handle your credit with care and lenders will always be ready to help you along the way.

For some people, facing bankruptcy has helped them turn their life around rather than destroying their life. These people are by far the minority of cases where people land in financial trouble, but they do exist. Sometimes people need a sharp shock to wake them up to the reality of their situation. Once they've had the shock and come close to losing everything they may have the strength to rebuild on what they have left. Organising an IVA with their creditors could make this a lot easier to accomplish than having to declare bankruptcy.

Going to the edge and organising, is not quite the same as actually hitting rock bottom and having to go through bankruptcy proceedings. They can however end up having similar effects on a person's psyche in terms of a drive to turn the situation around. The main difference between these two paths is the way banks and lenders will treat you and the level of risk you will be regarded as. Bankruptcy is likely to label you as higher risk than a person who has an IVA.

This perceived level of risk can get in the way of a person applying for loans and mortgages, which in turn can exacerbate their financial circumstances. That does not mean it is an option never to be taken, occasionally it really is the option open to a person in trouble. To build a life back up without any assets and no access to credit can be exceptionally difficult, but it is possible. Those people who successfully manage to turn the situation around are those who are driven.

Often the motivation or drive that pushes people back up can come from having been as far down as it is possible to get. Being in a situation where you know that things cannot really get much worse is often the greatest motivator to get away from that place in their life. It will always be a gradual process to build your assets back up to a stage where you are comfortable and capable of ensuring that your debts are completely paid. This is the point where a person can stop and feel exceptionally proud.

The stakes when dealing with bankruptcy are different with the financial health of a company rather than the financial health of an individual. The impact of a company going bankrupt can be felt by a larger number of people than an individual going bankrupt. Turning a company around can be just as tricky and for many people the sense of satisfaction that one feels when your own circumstances are turned around is missing.

There are an increasing number of people who are being forced to the point where they have no option other than to declare bankruptcy. One thing that many people don’t realise is that different areas of the country have increased incidences of bankruptcy declarations. This is not to say that people should avoid moving to those areas of the country, but research should be done into the reasons why it is those areas in particular that have an increased rate of bankruptcy declarations. The number of different financial stresses that a person faces will vary from area to area throughout the country.

The fees and bills that you have to pay vary throughout the country as the service providers you can make use of are different throughout the country. The greater the amount you have to pay in bills, the greater the chance that you will end up bankrupt. This tells us that the areas in which financial stress are higher than normal are likely to be those areas where the number of bankruptcies increases faster than normal. The interest rates increases that occurred recently have also spurred people who were on the edge of financial problems into a declaration of bankruptcy.

Currently the research is showing that the greatest numbers of bankruptcies are occurring in areas to the south west. The reasons for this have not been completely clarified, but the trend is unmistakable and as such people should create a financial buffer to prevent them falling victim to the myriad of factors that combine to create a situation where a person has no option but to declare bankruptcy. There is little research so far that provides similar trends for IVA's, possibly because a lot of people are unaware of the frequency with which this alternative to bankruptcy is embraced.

There is also no indication of the number of people who have used bankruptcy mortgages to put themselves onto a sound financial footing in the aftermath of their declaration of bankruptcy. The bankruptcy mortgage can often get you out of financial problems and onto a sound footing if the money received from the mortgage is used wisely. If a person makes use of a bankruptcy mortgage in time, they may be able to prevent themselves having to declare bankruptcy at all. This can help people to enjoy a life of financial stability after the have eradicated the financial problems that were threatening to overwhelm them previously.a