The Effects of Consumer Debt

Written by Nicola Bullimore


Continued from page 1

People who experience stress due to their situation, will probably seek advice from their GP and may take time off work, therefore, this has an effect on already hard-pressed NHS and productivity due to absenteeism.

People who have had homes repossessed need to be re-housed, generally byrepparttar local Council. Those who seek legal aid due to debt issues also incur a cost torepparttar 112290 taxpayer.

The Solution beforerepparttar 112291 Problem Will raising financial awareness alone tacklerepparttar 112292 issues of debt problems? It helps for people who are already struggling with debt, but are there other areasrepparttar 112293 Government should be looking at?

If you pay your creditors on time, regardless of what it takes to pay them, you are classed as a good payer and therefore, not a risk when it comes to additional borrowing. In fact, your finances could be in turmoil and you could be taking money from one card to pay another but you may still obtain even more credit. The freedom creditors have to advertise loans, credit cards and mortgages could be challenged as well as how decisions are made regarding lending.

If people, who are currently in financial difficulty, find they cannot borrow more money, they should be made aware ofrepparttar 112294 free financial advice that is available. Free Debt Management Companies such as Payplan www.payplan.com can negotiate repayments with creditors so that monthly payments are reduced and become more manageable.



Nicola Bullimore has been working with people to resolve debt problems for a few years. For more information regarding debt issues, please visit www.debtquestions.co.uk


Disaster decision - Do you need insurance?

Written by Jakob Jelling


Continued from page 1
are required to buy flood insurance throughrepparttar US National Flood Insurance Program. Of course, once those mortgages are paid, there is no longer a requirement to buy such insurance. But homeowners in those areas should carefully consider whether they really want to takerepparttar 112289 risk that their home and everything in it could be swept away, leaving them with nothing but an empty lot. Homeowners that aren't in designated flood hazard areas should still know that floods can cause plumbing problems, like sewer and septic backups. These often aren't covered in a standard homeowner's policy, and they may want to consider an endorsement for coverage.

Inrepparttar 112290 US, many tend to think that onlyrepparttar 112291 area alongrepparttar 112292 west coast is subject to earthquakes. This isn't true however, and 39 US states have some potential for earthquakes. Coverage for seismic events can be very expensive in California and other western states, but homeowners in other states should evaluaterepparttar 112293 cost vs.repparttar 112294 earthquake risk forrepparttar 112295 area where they live.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.


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