You Have More Debt Management Options Than You Think

When it comes to dealing with debt, it’s easy to let panic to set in. You might scramble to create a budget, to start saving money, to downsize the home, sell what you don’t need, and do anything to tip the scales in your favor. Those are all good ideas, but they’re not the only options available to you.

Order your debts

Setting up a budget to start paying off your debts is a good idea, there’s no doubt about it. But it’s only one-half of the organization you need to really create a stable and smart approach to paying off debt. The other one is to start prioritizing between different debts, to find out which one you should pay first. Every debt should get the minimum payment, that’s non-negotiable. But you need to think about what will help you pay the least amount of money. This means ordering them in terms of urgency and interest rates. Tackling smaller debts and getting them off the board might be easier, but is it worth it if you’re accruing more and more interest elsewhere?

Shuffle your debt

When you’re digging your way out of debt, having multiple debts can sometimes make it harder to manage, not easier. Especially if some of them have interest rates you just can’t keep up with. Moving debt to other creditors and consolidating can sometimes be a very smart move to give you more breathing room to deal with them. However, sometimes it’s not the best option. If you have a fixed interest credit card debt you’re dealing with, for instance, it might be better to keep it there where it will grow slower, than in a debt loan where interest could grow further.

Look at the niche providers

If you’re not happy with the deals currently on offer for you, then you might need to look beyond the usual loan sources and see if there’s any assistance for people specifically like you. For instance, if you’re an ex-service member, then organizations like Omni Military Loans might be able to offer a much better consolidation service than you would otherwise find. If you’re a cancer patient, the Cancer Finance Assistance Coalition can help you deal with costs that might otherwise put you into debt. Think of the specifics of your life and see if they might qualify you for any further help, in loans, grants, or otherwise.

Talk to your creditors

It’s not an option that a lot of people take because they are justifiably scared of coming into contact with the people whom they owe money. However, many creditors don’t want to see you have to start giving up your assets to pay them back. Get in touch with them early enough and you can ask for lower interest or an extended repayment period. Even if it gets to the collectors instead, you could negotiate a debt settlement before it goes too far and becomes too difficult to deal with.

It pays to be calm and to see what circumstances you’re really in. To know where exactly you should be putting your money, when you can get a debt settled much better in your favor, and when a bit of niche assistance can really help.


The Signs Of A Good Car Buying Service

There are many rogue companies and dealers all over, and the advent of the internet has seen their reach increase dramatically. It is important that you protect yourself when using the Internet to sell a vehicle, and you can even find blogs which have plenty of sound advice for you to follow which is relevant throughout the world. Selling your car to a car buying company is an excellent way to get a quick sale, but you will need to do your homework to make sure that you receive a fair price for your vehicle.

Know Your Family Car’s Value

Before you try and sell your vehicle, it is important to make sure that you know how much it is worth first. Make sure that the vehicle is clean and in full working order before you try to get its value. There are many websites that can help you figure out the value of the vehicle, but the top end price would be for one that has low mileage and is in perfect condition. Taking into account the condition of your vehicle, you will be able to work out a rough valuation.

Shop Around

There are many websites such as that offer an excellent service to sell your vehicle quickly and easily. If you’re planning to look for other dealers, take note that not all of these websites offer the same level of service, or offer fair valuations of your vehicle. Some of these companies are less than reputable and prey on people who need to sell quickly for cash. You can find better companies by using the internet as a tool and search each company’s online reputation with their customers. Take a look at all of the different companies and compare their online reviews, making sure that you use independent review websites rather than the testimonials on a website.

Check Their Credentials

As well as checking the reputation of each company, you will also want to check their credential and ensure that they are a fully licensed company and that they are trading legally. You will want to read through the terms and conditions of each company carefully and make sure that you understand it fully. Any reputable company will be willing to answer any questions before buying your vehicle from you.

A Flexible Service

You will also want to choose a company that offers a friendly and flexible service. They are happy to come and visit you to inspect the vehicle when it is convenient for you. If there is only a specific day or time that you can show the car due to other commitments, a reputable company will be happy to match your schedule, even if it’s out of regular office hours.

Quick Cash

Reputable companies will be able to make you an instant offer on your vehicle once it has been inspected, and if you decide to sell to them, they will usually provide a quick payment also.  Most companies do not let their operatives carry cash around with them, so if you decide to sell your vehicle to them, they will deposit the money into your account within 24 hours as long as you have all of the necessary paperwork. Just as with shopping around to buy items, shopping around to sell them can save you a substantial amount of money. So, if you are looking to sell your car quickly, get your laptop out and start shopping around now.

Buying A Car On A Budget

Driving can be an expensive pursuit, but for some of us it’s much needed in order to get from A to B. If you need to buy a car but haven’t got a lot of money to play with, here are some of the ways that you can lower costs.

Manage your expectations

Low-end vehicles can sometimes be bought for well under a grand. However, these won’t be top of the range sports cars. They may even lack the most basic modern luxuries such as air con and power steering. Bear this in mind, and you’ll easily find a vehicle on the cheap. You may not even need to take out a loan.

Consider the age

Old cars will sell for a much cheaper price. However, they can cost more in the long run. Depending on how many miles they’ve done, parts of the engine may have suffered wear and tear resulting in costly repairs around the corner. Insurance companies are likely to dramatically increase costs once a car has reached its maximum mileage, even if everything under the bonnet looks fine. Old cars may also be less fuel efficient. Not only will you be filling up more often, you’ll have to pay more road tax.

Use specialist loans

You can get loans with miniscule deposits that can be paid off over a long period of time, but these will accumulate a lot of interest, making the whole thing very expensive in the long run. You’re best off finding a low-to-mid range loan that doesn’t ask for an extortionate deposit but doesn’t accumulate a mountain of interest either.

If your credit score is low too, you’ll have to deal loan companies rejecting you. There are many ways to deal with this, from lowering your credit score to seeking dealerships with in-house financing – you’re best following a low credit guide online. Click here where you can find out more about this guide.

Shop around

This applies to car sales prices, car loans and insurance schemes. Use comparison sites such as Compare the Market to find the best costs for you. Remember to also visit local car dealers and to look out for people selling directly. You’re likely to save more buying directly, although you may have less choice.

Negotiate with the seller

Buying a car is one of the few times in western culture where you can practice your haggling skills. Most dealers will expect you to negotiate the price, so don’t settle for what is on the price tag. Try to avoid falling for bundle deals. The seller may try to throw in a roof rack, anti-theft equipment and other accessories to make up the original value. Be firm and stick to your budget. Also try not to let yourself get rushed into a decision. A dealer may try to claim that a vehicle has been very popular or that he will give you a special discount if you buy today, but it may all just be a bluff.