Category Archives: Financial Topics

Getting To Grips With APR

What Is APR?

APR (Annual Percentage Rate) is the interest that is payable on the money that you borrow. When looking at short term loans like payday loans, APR is a bit of a tricky subject as the rate at first glance seems extremely high. Because APR is an annual rate, when it is used to calculate the rate of loans that have durations of less than 1 year, the APR starts to inflate. This is because it is very difficult to compare the APR for one loan with a 30 day duration, to the APR for another loan with a 20 year duration like a mortgage.

annual percentage rate

So, What Does It All Mean?

As payday loans are financial products, all payday loans lenders must legally display their APR. That is why they also tell you upfront in real terms how much you will need to repay. An easier way to look at repayments is the transparent costs instead of the APR, for example if you borrow £200, you will have to pay back £269.90 after 30 days. Continue reading

Protect then Exploit your IP Rights

Patent and trade mark rights are worthless unless they are exploited. It doesn’t matter what product your business makes, or what service it provides, every enterprise is regularly generating and applying a considerable amount of intellectual property. However the majority are not taking steps to protect, manage and enforce their IP rights. Some are even using intellectual property that belongs to others, without permission to do so.

Small and medium-sized enterprises (SMEs) represent over 90% of businesses throughout the globe. They are the driving force behind innovation, and contribute to the growth of the economy through job creation, investments and exports. However SMEs typically underutilise the IP system. They do not adequately protect their business against copycats, until in most cases it is too late to do so.

IP Rights

Businesses tend not to consider the importance of IP from the outset of launching their business. It forms just another subject or hurdle, getting in the way of them getting their new product or service out there. They invest their resources into marketing their new venture, and overlook protecting that venture before they do so. Yet the backbone of marketing is a brand, and that brand should be protected!

Whilst intellectual property rights are not worth much unless they are properly exploited, businesses tend to seek to exploit before they even have those rights secured. Every business needs an IP strategy from the outset. It is not a subject that should be brushed under the carpet.

Protect… then exploit… your intellectual property.

Upcoming Job Interview? Get Some New Clothes With A Cash Loan

You’ve finally decided to further your career and apply for that job you’ve had your eye on recently – good for you! Thousands of people every year change jobs, be it for more pay, more prospects or for a change in lifestyle. If you’re looking to make a great first impression on your big day the chance are you’ll want to look your best. That shabby old suit you’ve got in the wardrobe could still look all right, but if this is the job you’ve always wanted why not splash out a bit and treat yourself to something sharp and in fashion?

But wait, there’s a snag – your interview is booked in before your next payday and you don’t have enough spare cash to spend right now. I guess last year’s business suit will have to do this time round, or you could apply for a cash loan and walk into that interview knowing you look the best you possibly can.

How Short Term Loans Can Help

Short term loans are perfect for people looking to borrow up to £1000 instantly. You apply online, wait a few seconds to receive your decision and the cash can be transferred to your account within one hour.

Once you’ve received your instant loan and you’re out looking for that perfect outfit bare this one simple fact in mind: dressing one step above the position you’re applying for will sub consciously show your willingness to advance within the company. So if you’re applying for an executive’s job, dress as if you’re applying for a mangers job. Likewise if your entry point is at a managerial level, dress to impress as though you’re applying for a director’s position. Make sure your shoes are polished; your accessories are subtle and above all else, be confident and know in your heart that you look the part.

Get out of Debt – Clear the Way for a Brighter Financial Future!

Deep debts? Don’t bury your head in the sand! Help is at hand if you are looking for an effective means to get out of debt. But how do you know when your debts have spun out of control? Take this short test and find out!

Constantly missing repayments on credit cards, store cards or loans?
Borrowing on one card to repay another?
Dread opening your mail or answering your phone fearing creditor harassment?
Borrowing from family and friends and not paying them back?
Turned down for credit?
Monthly income never sufficient for your payments?
Panic when confronted with sudden expenses?

Get out of Debt

If you answered YES to these questions your debts are a concern. Getting out of debt may appear to be an uphill task for many. But with a little effort and minimal sacrifices you can get out of debt. Start by going through your bank statements to work out where exactly your money is going and calculate a realistic budget for your needs. While trying to get out of debt, remember not to acquire more debts.

Classify all your debts into priority debts and non priority debts. Priority debts are the debts that require immediate attention. They include mortgage or any loan secured against your home. Money owed for tax, VAT or insurance also comes under priority debts. These are priority debts because failure to repay may lead to repossession of your home or legal action. On the other hand non priority debts include various unsecured loans like credit card debts, money borrowed from friends and family.

How to get out of debt?

You can allay your debt fears with the help of a debt solution suited for your circumstances. Be it debt management, debt reduction or an IVA, many good companies can help you clear up to 75% of your debts with in a span of 60 months and influence your credit score positively.

Debt management: You just have to enroll in our debt management program to deal with your debts. Debt management experts will negotiate on your behalf with your creditors and help you consolidate all your unsecured loans and get a reduced single reduced monthly installment that you can afford.

Consolidation Loans: Debt Consolidation Loans will bring together all your high interest debts into an affordable and easy to manage monthly payment, it will help you get out of debt in five years or less.

IVA: Legally binding debt solution which you can avail with the help of an Insolvency Practitioner.

Bankruptcy: Generally considered to be the last resort for a debtor.

A little information about debt

What is a Debt Consolidation Loan?

As the name suggests, a debt consolidation loans takes the group of debts that you owe and consolidates them into one. This way you will start making only one monthly payment instead of the several you had been making thus far.

Since the Debt Consolidation loans can be paid off over a longer time period, your individual monthly instalments would also naturally be smaller in size. You can breathe easy about your other outstanding debts as a good debt consolidation service takes care of them for you! You no longer need to try and balance your multiple repayments at the end of each month.

Once you start your debt consolidation loan, you will find that your monthly payments are smaller, maybe even up-to 50% of your previous payments. You will have better cash flow and will be saved from filing from bankruptcy. You will make one monthly payment where you had been making multiple payments before your debt Consolidation loan started.

Take control of your debt

Don’t let debts take control of your life. Instead seek debt help and control your debts soon. You can discuss your debt help options with debt experts who will help you choose the option that would be best suited for your personal circumstances. Remember you need to find a debt solution and not aggravate your debt problem any further! Let experts analyze your situation and present to you the pros and cons of your options.

Imagine a life without any kind of financial pressure. You don’t have to fear answering your phone call or opening your mailbox. You can live the life you have dreamt of for long – a debt free life.

  • Develop a realistic budget : The first step towards fixing your finances is to do a realistic assessment of your income and expenditure. Track your spending pattern and prioritize your expenses. You can obtain information about budgeting and money management to help save money and pay off your debt in an affordable manner in little time.
  • Contact your creditors: When you feel that your debts are getting out of control you should contact your creditors and try and negotiate a payment plan that reduces your payments to suit your pocket.

If you feel that you are still not able to come to terms with your debt even after various efforts, it is advisable to seek professional debt help. You can consult a credit counseling organization if you cannot help yourself to a realistic budget or chart out an affordable repayment plan with your various creditors. There are many informative resources to help explain debt help options available to you. The advent of technology has helped create a convenient source for information and help-the Internet. Various online credit counseling agencies will offer you free debt help and advice so you choose the best way forward with little effort from your end.



Personal Injury Claim Online

Kenneth Clarke outline plans to allow personal injury claims online. Under the same proposals, those seeking a compensation claim would need to try mediation before applying to court.

It was part of a series of measure designed to free up our courts and speed up compensation claims, while also lowering the rising cost to insurers and their customers.

According to researchers, the average legal cost of a compensation claims is now 142% of the award, up from 56% in 1999. The average award has also increased by 33% and the fees themselves are up almost 300%. No legal system can maintain, or justify such rises, especially in a challenging financial climate.

The Proposals

The changes to compensation claims proposed are to allow personal injury claims online up to a value of £50,000. This is to reduce court time, speed up resolution and control the spiralling legal fees.

Personal Injury ClaimThere are also plans to ban convicted criminals from making compensation claims. This is a very welcome move that will save around £5 million in costs to the Treasury. It means anyone serving time will not have access to the Criminal Injuries Compensation Authority.

Well-documented claims include Ian Huntley making a compensation claim for £15,000 for injuries he sustained while in custody. These type of claims also include controversial claims in which burglars have demanded money for injuries sustained when escaping the scene of the crime. Thousands is also paid out every year to criminals who sustain injuries in prison as a result of feuds and drug-fuelled violence.

There will also be changes to the way companies represent themselves to their potential clients and how they list fees. The changes include a distance-selling type cooling off period for all contracts and a written statement of charges for each client considering a compensation claim.

The biggest change will be to remove compensation claims for less than £2,500. This is by far the most controversial change. It means anyone who suffers anything up to facial disfigurement, loss of taste or smell or a fractured skull would no longer be entitled to claim.

Thanks to the tariff system already in place for compensation claims, we know precisely who will and who will not be affected by this and those injuries form part of those who will.

This also include serving police officers, paramedics and other frontline units who put themselves at risk on our behalf. While fair in theory, the reality of these limits will hurt an already overstretched emergency service system. If nothing else, emergency services should be exempt from these cuts.

The Effect of Making a Personal Injury Claim Online

While it would be easy to wax lyrical about the political outrage some of these changes would bring, for the most part, these changes are positive.

The ability to bring a personal injury claim online will make life easier for everybody. That is as long as the website that controls it is designed and implemented properly. Making a compensation claim can be a long, drawn out process involving a lot of court time. Continue reading