Need help & advice on debt clearance!
Sat, 18/02/2006 - 17:36
Hi,
I have recently decided to start my own picture frame making business, but have a bit of debt which is being a bit of a handicap towards my business. I have been trying to use the book to help me, but I need a bit more advice.
I was just wondering if anyone else has been in this kind of situation and what measures they took in order to get out of it. I would be very greatful if anyone knows of any websites or books that maybe able to help in assisting me.
Many Thanks,
Amy
Sat, 18/02/2006 - 18:28
#2
Thanks Jane :-)
Hi Jane,
Thanks for your advice, I will definately consider speaking to a financial adviser. You were lucky to have a friend who knew a good one, I will probably have to ask a few of my friends and family if they know of anyone. Once again, thanks for your advice and also recommending that book, i really appreciate it.
Many Thanks,
Amy
Sat, 18/02/2006 - 18:48
#3
Happy to Help
Hi Amy,
Thats no problem, I'm always happy to help. Hey I don't know where you are located but if you live in or around London and find it difficult getting hold of a finacial advisor then you can try giving my advisor a call. Just email me on and i'll send you his details.
Hope that helps and good luck! :-)
Regards,
Jane
Sat, 18/02/2006 - 20:50
#4
Your a star
Thanks!
Sun, 30/04/2006 - 17:42
#5
Have a look at
Have a look at www.moneysavingexpert.com/forums. There is debt free wannabe forum absolutely packed with info.
Sun, 10/09/2006 - 17:10
#6
Hi Amy
Hi Amy,
I can very well relate to your situation. Being a self-employed contracting payroll,accounts and bookkeeping consultant. I used to lay awake at night worrying about the expenses and bills,credit cards etc. I had to cash in all of my savings(ie investments,ISA).Also there tends to be a feast or famine!!!regarding getting and maintaining new clients!!Although Its not all doom and gloom!!!
There is a positive side to this!!
I would recommend a few books and websites as well!!!
1.www.debtfreeday.com
2.www.motleyfool.com(How to get out of Debt)
3.www.bbc.co.uk(Alvin Hall)
the books I would recommend that have helped me(Although I am not out of the woods yet)
1.Save A Fortune Fast by Kevin Whelan and Brian Bennis (price £9.95) worth every penny
2.More Than Money by Grainne O'Malley(price£4.99)
3.The Money Diet By Martin Lewis (price £7.99)
4.Your Money or Your Life by Alvin Hall(price£9.99)
Also if you feel the stress of the debt is affecting you contact the citizens advice bureau!!
Just Remember all Entrepreneurs and self-employed people have financial issues!!However they take on debt that gives them a return on there investment compared to consumer debt!!!
Getting out of debt is a useful skill to have!!!
I do hope this helps!!! if you got any further questions please do not hesitate to contact me!!
All the Best
Regards
Rajesh Malhotra
R.M.Consultants/ClubEntrepreneur
Rajesh Malhotra
R.M.Consultants/Project Creations
Mon, 30/07/2007 - 23:20
#7
Hello
Thu, 23/08/2007 - 15:10
#8
Yes, Good post
I'm in the same boat and will follow the advice given.
Cheers
Wed, 29/04/2009 - 12:51
#9
Debt Clearance .... The new IVA!
Hey, THis is the way to get rid of your debt! look at cleartoday.com, they specialise in writing off debt on credit cards or loans. Seems liks agood idea!
Jobe
Fri, 11/09/2009 - 20:51
#10
You need to clear ALL of your
You need to clear ALL of your debt before applying for a lone unless you don't mind high APR.
Daniel, bad credit loans specialist.
Wed, 07/10/2009 - 12:09
#11
please let me know about a
please let me know about a good financial adviser if you find one.
i would be thankful to you.
golf gifts--nike golf--used golf balls
Fri, 06/11/2009 - 06:49
#12
Hello there, Amy. I think you
Hello there, Amy. I think you should check this site http://www.creditambassador.com/?id=babu. After you watched the video, grab some stuff here http://www.creditambassador.com/blog/free-stuff/?id=babu
to get more benefit from the site. This site is great at helping people settling their debt or bad credit history and any other loan related thing. I've been in good relationship with them and they have helped me pretty much, so that's why I recommend you.
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#13
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Thu, 04/02/2010 - 12:53
#16
The reason why providers will
The reason why providers will look into the applicant's personal or business credit history is that it will tell them how well you or you or your business have handled past credits or debts. When they think that your personal or business credit is not good enough, they will simply have to deny your application. This is typically common to newly established businesses in which they only have little or poor credit.laughlin merchant accounts
Tue, 09/02/2010 - 18:14
#17
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#18
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Hi Amy,
I was in similar situation to yours, where I used to think that debt was something that I would never be able to get out of, and if i did it would take me a long time. I tried to read up on several books, but didn't find them very helpful. However a friend of mine recommended I speak to a financial advisor that helped her get out of debt, which I did and it has turned out to be one of the best decisions I have made in a long time.
The financial advisor showed me how to pay off my credit card debt quicker, by findng money for me that I didn't know existed (in other words money i was spending on unnecessary stuff). He did this by writing up a professional and very easy to follow debt consolodation plan which shows clearly where I needed to make changes and how long it will take me to get out of debt in my current way of living and how long it would take if I followed the debt consolidation plan. He also managed to get a better premium on my life insurance, and advised me to put the amount I was saving towards the repayment of my credit card debts.
Other than a financial advisor, you can try some of the books out there, although these didn't do me much good, there was one that was reasonably good, which is called 'Credit Card Debt:: Reduce Your Financial Burden in Three Easy Steps'by Alexander Daskaloff.
Hope this helped :-)
Regards,
Jane