Short Term Loans for Bad Credit – It’s a Reality

The year is almost coming to a close, which means that it’s not a bad idea to take honest inventory of your financials. How are you doing? Is everything taken care of? Do you feel pinched as you go from month to month? Are you having some trouble?

Here’s what you need to realize right here, right now: it’s totally okay that you’re having a hard time in life. It’s okay that your finances are not as good as they could be.

The truth is that life will rarely be perfect. So if you have credit problems but want to seek out financing anyway, you need to turn to short term loans. They are a great way to get the short term help you need and still pay off your obligation in installments.

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Going for these quick loans online means that you get not only a wide variety of options, but also the privacy that you deserve. No one needs to know that you’re seeking a loan at all. You also have your choice of where to spend the money. Use the money to catch up on bills, or an emergency that came up recently. One of the most popular reasons for short term loans is related to automobile breakdowns of some kind. We all have to have transportation that we can depend upon, so getting your car fixed immediately is critical.

Of course, that’s not the only thing that you can use a short installment loan for. If you want to go on a vacation, you can do that. If you want to buy school clothes for the year, you can do that as well. In short, there is no limit to what you can do with the money.

But here is the part that a lot of people neglect, especially when there are bad credit issues: you have to pay the money back, and you have to pay the money back on time. So if you agree to a certain term, you’re bound to make those payments. The worst thing that you could do is get a short term loan and not make the payments as you agreed to. It’s going to leave a nasty mark on your credit, and there could be additional fees involved. Plus, once you pay it off completely, you’ll be able to go back to that lender again and again. You can’t do that if you’re not going to make the payments as you agreed to.

There are plenty of great ideas you might have, but not enough financing to make them happen. Instead of going to friends and family, protect your privacy by going with a short installment loan.

Extra £1,800 Needed a Year by 2015 to Pay Off Credit Cards

As if leaving the weekend behind and making the commute to work on a rainy day wasn’t enough, a report in The Telegraph is now telling us that an average household will need to earn an extra £1,800 a year by 2015 to be able to pay for the interest on their credit cards.

Although the typical household reduced its borrowing by £500 few years back, most households still owe around £8,000 on credit cards and loans. Considering the increases on things such as VAT and petrol prices that we already have to cope with as a nation, I’m sure an increase in interest rates on credit cards and loans by around 2 or 3 % in the next four years, is not the type of news that we were hoping for to bring us into the New Year.

Things also don’t seem to be looking up on the other interest rates front, as it seems that the Bank of England will be forced to start increasing them in the first half of this year. This increase,  earlier than first thought, would not only hit the 30 million credit card users in Britain but also the eight million home owners on variable rate mortgages.

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We are also warned that consumers who wanted to take on new borrowing were likely to find it increasingly difficult to do so. This means that a lot more people are probably going to find themselves turned down by high street lenders, forcing them to borrow money in other ways.

These ‘other ways’ that are referred to, are things such as payday loans. Loans like these have been increasingly popular, with £1.2 billion lent out in 2009. Although a lot of people can fall all too easily into spiraling debt, payday loans can offer a great alternative in solving short term cash flow problems.

We encourage visitors to only borrow amounts that they will be able to pay back. They offer a real solution to the thousands of people who have short term cash problems and provided that they have the money ready in their accounts to repay the funds quickly instead of getting themselves into debt, they should be able to benefit from the instant cash sums that they offer!

Life insurance and Tax

There are many people that do not realise that if they inherit a life insurance pay out then they may have to pay inheritance tax on it. They may just assume that they will get a pay out that will cover debt and other expenses and do not think about the fact that the sum will attract tax. There are things that can be done about this though, to protect you from losing the money from the tax.

Estate Value

It is worth considering whether the estate will be worth enough to attract inheritance tax. This figure does vary, so if you are close to the boundary or over it, then you need to consider that it could be possible that tax will have to be paid. It is worth noting that any money inherited over the inheritance tax threshold will be taxed at 40% which is a pretty big hit. If you needed the insurance to cover a certain value, then you may need to pay in extra so that the pay out is larger and therefore when it is taxed, the inherited sum stays the same. This may seem rather annoying and unfair in a way. However, there is a way around it.

Set Up a Trust

It is possible to set up a trust which will keep the asset separate from the estate . This means that it belongs to the person who will inherit it rather than the person whose life is being insured. This means that it will avoid the 40% tax. There is also a benefit in that because the money isn’t part of the estate there will be no delay in paying out as you will not have to wait for probate to be granted on the account. It is a very simple process, there is just a form to fill out and it is likely that it will not cost anything. The trustees will just have to produce a death certificate with the trust certificate in order to get the money. You may use family members as trustees or you could use a solicitor.

So it is actually quite easy to make sure that your life insurance policy does not attract inheritance tax. This can be set up on any type of term assurance including that taken out to pay off a mortgage when the home owner dies. Even if you think your estate will not be worth that much, it can be worth doing anyway, as it can cost nothing and can save a lot of money. If you do not set it up now or when you take out life insurance, then you may forget in the future and find that your estate is worth more than you expected or the thresholds for inheritance tax have been lowered. If this happens tax may be due and you could have taken a few simple measures to prevent it.

Why do ISA’s help with your tax

If you pay tax, then you will probably not be happy about it! Most people pay tax on money they earn and money they spend on certain things and that can feel really bad. People ate having to give away their money to the government. Obviously taxes are important as public services have to be financed, but there are people who manage to avoid paying tax in some ways. Sometimes these ways are not seen as fair, but there are measures that the government have put in place which can be used.

One way to avoid paying some tax is to save money in an ISA account. Normally all tax payers are charged tax on interest they earn on their savings and investments. This can sometimes remove a significant chunk of the money that they have earned and it can be very frustrating, especially if you are a high level tax payer. In order to encourage people to save, the government have provided some opportunities for tax free savings and one of these is an ISA.

Each person is entitled to save a certain amount of money each year in an ISA account and they will receive their interest each year, free of tax. There are now a big variety of financial institutions who provide this sort of account. They vary in their terms and their rates. For example there are fixed rate cash isas from Birmingham Midshires which will offer over 2% interest for a year, which is very reasonable. However, if you select a variable rate ISA from them when the money is not tied up for three years, you will get just over !% for the first 15 months and then receive less that this afterwards.

It is therefore worth getting an ISA, but you need to consider which would suit you the most. A fixed rate could be better, especially if you are tied in for a certain term, but you may prefer something where you can get easy access to the money even though you will get a lower return.

Only you can decide which option is best for you. You know whether you are likely to need the money or whether you can afford to tie it up for a while. You will be able to compare the different accounts available and see which one gives the best return and decide whether that is something that you think is worthwhile. You may be happy to tie money up for a good return, but you may think that it is not enough and so go for a lower rate but have easier access. You need to decide which will suit your needs the best as well as which will give you the best return.

Equipment Costs: IT Contractors

IT contractors require a huge amount of equipment in order to complete their job successfully. If you do not have the right equipment, you might find that you’re unable to take on jobs, which could mean prospective clients go to your competitors instead.

However, buying your equipment can set you back a fair way financially. You might need to save up in order to buy equipment in the first place, but it is important to remember that you will then be able to recompense yourself with the work you’re able to complete. You have to speculate to accumulate.

The exact equipment that you need all depends on your area of expertise really. If you specialise in web design, you will need a tablet, web design software and possibly even website hosting services if you are planning on setting up your clients’ websites from scratch for them.

IT repair technicians will need much more technical equipment that they can use to accurately fix their clients’ computers, laptops and peripheral items. Networking specialists will also need equipment, although they may be able to use clients’ equipment when completing work.

Using clients’ equipment

This can actually be quite a touchy subject for some freelancers, as it can sometimes cause issues with IR35.

If a freelancer works for a business on a long-term basis, so much so that they could actually be employed by the business fulltime, they may be in breach of IR35. If this was found to be the case they could be fined a considerable amount.

Owning and using your own equipment can help to set a distinction between the client and yourself in the eyes of HMRC (Her Majesty’s Revenue and Customs). Borrowing equipment from a client on a regular basis can make it look as though you work for them.

Invoicing clients for equipment

If you find that you are unable to complete a job without buying the appropriate equipment for the job, you might be able to invoice your client for the cost.

However, you should always consult the client beforehand to find out whether they would be happy with the costs associated with this. If they are, you can go ahead and purchase the equipment, but it can be a good idea to provide a breakdown of equipment costs within the invoice so that they can see what their money has been spent on.

IT contractors do require a lot of expensive equipment in order to begin working on a self-employed basis, but once they are up and running they can begin working immediately.

Aurora Johnson wrote this article on behalf of Nixon Williams, an IT contractor accountant.

Fast One Hour Loans For Virtually Everyone

Trying to get out of a tough financial situation is a matter of looking at the quickest financial route out of it. For some, this will be family and friends. For others, it will be a matter of cash loans processed by lenders that understand one principle above all others: life happens. There is a time and a place for planning, and another time for taking fast action to getting out of a bad situation.

Fast one hour loans are out there for virtually everyone, but you need to make sure that you’re following a structure before you consider your situation handled properly. First and foremost, you need to go online to get the best cash loans. Sure, you might be able to find something in your local area, but this isn’t the right step for one reason: your identity isn’t protected very well. Anyone can see you step into an office well known for giving out these “quick” loans, and that’s a concern in today’s society. We don’t need to let our friends and acquaintances know that we are looking for a quick loan to bridge a gap. They do not know the background information on such a thing, and it means that there is a risk that they will come to the wrong conclusion.

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The online forms are actually pretty easy to fill out. If you were to go to a physical office, you might have to bring a lot of heavy documentation. With so many burdens on your plate at the same time, it’s unlikely that you’ll have all of that documentation in one piece, at the same time. Contrast this with going online, where you can fill out form and get quick approval. As long as you are sufficiently employed, you will be able to get the loan money that you need. It’s really a no-hassle, no-fuss scenario that has turned out positively for literally hundreds of thousands of UK residents like yourself.

So, instead of giving in to the stress that emergency financial situations bring to the table, you can go online and get a cash loan with ease. It’s fast, it’s confidential, and approval is virtually guaranteed. Check it out today, while it’s still on your mind!

Use Your PPI Refund to Look for a New Place to Live!

Are you trying to look for a new place to live? You already know that you’re going to need more money in order to really find a place that you want to live. While it’s true that everyone should live within or even below their means, there is something to be said about living in exactly the type of area that we really want to live in. When it’s a tough road to haul, you want to always make sure that you have somewhere that you can truly be as comfortable as possible at. There’s something special about finding a place where you feel proud to call it home and live there for as long as you can. Sure, there’s going to be the urge to move eventually and occasionally, but you still want to find that initial home first.

If you’re looking for sources where you can pull out extra cash, you need to be looking very hard at PPI. PPI premiums can get pretty huge. It’s safe to say that if you have that money available to you, you could pool it with the money that you’ve already managed to save up. This would give you even more money. Without the extra PPI money, you’d probably have to just accept whatever area is within your budget. So the extra budget money worked in there gives you access to a higher quality place right from the beginning.


You will want to make sure that you get a claims company to work with you. Trying to reclaim PPI money can sometimes be a challenge, and the last thing that you want to do is risk having to go without your rocking new place to live. You want to ensure that you let the claims company take care of the problem. They will go to bat with you and your PPI lenders — this means that there’s no fuss or worry required on your part. You can go ahead and start getting excited about your new place!

A new place is far more exciting than PPI, but if you don’t think about getting the money together you’ll end up having to just take whatever you can find. That’s not something that you want to try to deal with on your own when there are more interesting things to focus on. You deserve to have a new home — let PPI premiums help finance your upcoming move in some way! Good luck!

Use a Guarantor Loan to Escape the Payday Trap

People all over the UK who have taken out a payday loan through a short-term lender are now stuck in a spiral of debt caused by the high interest rates charged by payday loan providers.

What is the Payday Trap?

The payday loan trap is a downward spiral of debt caused by high interest rates and penalty charges when you are not able to repay your payday loan on time.

Once your repayment date has passed, the payday loan provider will often add fees to your loan along with the interest continuing to grow on a daily basis. When you find yourself in this situation you are offered a route out, namely repaying the interest and fees on your loan and rolling it over until next payday. Often you might be offered some extra cash at this point, which means come next payday you will have to pay even more back… and so the cycle continues until you are up to your elbows in debt.

The best way to avoid this situation is to make sure you only borrow exactly what you need and can definitely afford the loan repayment when it is due, this way all you have to do is make the repayment and forget about it until you are struggling again (or not, hopefully the need for a payday loan is a one off).


How to Escape the Payday Trap

You can get out of the payday trap by consolidating your payday loan(s) into one simple, affordable monthly payment with a loan provider offering better interest rates and longer term solutions. A great product to use is a guarantor loan, they offer help to people with bad credit by using a friend or family member to back up the application; the idea being if a friend or a family member trusts you then so will the guarantor loan lender.

The great thing about guarantor loans offering finance for people with bad credit is that people with payday loans will often have a less than perfect credit score, meaning banks and other more traditional lenders will not lend the money required, even if the money is only to be used for consolidation.

You can get a guarantor loan from anywhere between £1,000 and £5,000 with loan terms ranging between 12 months and 60 months. So if you are struggling with massive payday repayments then you could pay them all off and pay what’s affordable, the product is very flexible.

Fujitsu and UK Tax Fraud Detection System

IT giant Fujitsu has earned itself the best possible shop window for its advanced fraud detection system: in just six months it has saved the UK taxation system more than £400 million pounds by using automated software to detect false tax credit claims.

Fujitsu has been processing tax credit applications since the beginning of the year and has detected thousands of fraudulent claims. What’s more, it’s done it using off-the-shelf software instead of the massively expensive bespoke systems that successive UK governments have been so fond of splurging on.

So confident is Fujitsu in its software that it has offered the government a deal with no payments up front in return for a cut of the savings it promises to make if the government adopts its tax fraud detection system across all departments. The company estimates that permanent adoption of its system could save as much as £10 billion pounds by the time the Coalition goes to the polls in 2015.

Fujitsu is understandably tight-lipped about the way in which the software works, but a spokesman for HM Revenue and Customs described it as applying dynamic risk criteria to every tax credit claim then alerting human operators to claims which meet those criteria. The system is also understood to use a massive database to identify, for instance, multiple occurrences of telephone numbers across different claims.

Fujitsu is chirpy about its success, boasting on the company’s UK website that it will have saved the government £50,000 in the time it takes to read the home page. The company is clearly serious in its commitment to fraud detection, describing programs to monitor grant disbursements, procurement fraud, housing tenancy fraud and council tax discounts.

The CEO of Fujitsu UK, Duncan Tait, said this week that the government was keen to move towards outcome-based payment for its services and revealed that the company is negotiating with the Department for Work and Pensions.

“These savings are so visible that it makes an inordinate amount of sense,” said Tait, adding that the success of the pilot had demonstrated how well the system works.

Tait’s second in command, Andy Fuller, was quick to point out that the system doesn’t make any final decisions, but simply flags suspicious claims. He also described the system as similar to those used by banks to screen loan applicants. Fuller welcomed the government’s willingness to exploit the money-saving power of new technologies. Megadeals for IT contract had become a thing of the past, said Fuller, in the wake of a government decision that ministerial approval would be needed for contracts with a value of more than £100 million.

Fujitsu employs 14,000 people in Britain and is a long-standing supplier of IT services to HMRC. The success of its anti-fraud system comes as a vindication for the company, after a scandal barely three years ago when it withdrew from a deal to upgrade parts of the NHS system, resulting in an ugly £700 million dispute.

Is It A Recession Or An Economic Depression?

The old witticism goes that a recession is when your mate is out of work and a depression is when you are.

Economists have a chronic failure to agree when it comes to the difference between a depression and a recession. Journalists like to define a recession as a fall in the GDP in two consecutive quarters, although most economists would regard this as simplistic.


Until the Great Depression between the two world wars, economists described any downturn as a depression. In the aftermath of the Great Depression, they began to describe smaller negative blips as a recession to distinguish them from that catastrophe.
Technically, most economists now agree that the end of a recession is marked by a rise in the GDP. By that definition, the UK is recovering with a rise of 0.5 per cent in the third quarter. It’s a very weak rise, however, and there’s nothing to rule out another sudden downturn. In fact, given the stagnation in the housing market and the virtual crash of the construction industry, it’s difficult to imagine that not happening.

Even the chancellor, George Osborne, has admitted that the risks of further recession are considerable. His worse case scenario is that the slow implosion of the euro will continue, taking the Eurozone into recession and dragging the UK down with it.

The Bank of England has warned of the risk of a second trough of recession and should that happen it’s likely that the recovery will be even slower and more difficult than this time around.

So could we be on the brink of a second Great Depression? Could the global economy even survive the mass poverty of the 1930s, with middle class families living in shanty towns and queuing at soup kitchens?

The Institute for Public Policy Research has warned that the economy cannot return to the levels seen three years ago for at least another five years.

The drop in the UK’s GDP at present stands at 7.1%. This is still 2.9% short of the 10% generally seen as the hallmark of a depression. You might like, however, to take this definition with a grain of salt in the face of the drop of only 8% which preceded the 1930s crash.

Economic commentator Martin Wolf is in no doubt on the subject, saying that the country is passing through what will be its longest and most damaging depression in more than a century. Compared to early downturns, says Wolf, this one is notable for the frightening weakness of the recovery phase.

With the bleak prospects for the near future outlined by most pundits, it doesn’t seem to matter much whether this is a recession or a depression. What is clear is that the days of conspicuous consumption are numbered, that the retail and construction industries are probably changed forever and that for industries and individuals who can’t adapt to new conditions, the future – whether or not it’s a depression – is certainly going to be depressing.