A Fool and His Money » Credit Cards

The knowledge of Debt Recovery

Ahmed — Mon, 01 Dec 2008 11:02:16 +0000

The knowledge of Debt Recovery is extremely crucial for most businesses from day 1. Why is this? Many, and I mean, many businesses have gone bust a couple of years into the business due to transactions made within the first few months of the business.

Sooner or later it will catch up to you.

In the beginning, you can manage this yourself but as you business grows, it will be best to have someone else manage this area of the business. this can internally or externally. It would probably be best to go externally first and when your business is large enough, hire a full time specialist.

There is lots of help available all over for all areas in money and debt.

Below are some tips for if you left it too late:

Tip number one: Don’t freak out!
This is the number one thing that breaks bust’s a business. By freaking out, you are just making it worse for yourself and your business
Plan, Plan, Plan
Although you have been hit, and been hit HARD, don’t worry, you still have time, probably a few months. You need to plan seriously and get everything right the first time. Otherwise, say good buy to your business.
If it’s very serious, consult a Debt Recovery Company.

Preventing Identity Fraud

Ahmed — Tue, 21 Oct 2008 14:52:22 +0000

An increasing number of people are becoming victims of ID fraud. I’ve gathered together a list of point to prevent this from happening to you:

Safeguard you National Insurance Number
Purchase a paper shredder
Scan your bank statements carefully
Report stolen cards immediately
Change your PIN frequently
Don’t be the fool

By following these simple steps, you can safeguard yourself from ID fraud. This is not a guarantee…

Especially in this day and age, it’s very important to also keep up with technology as almost everything involving money is conducted through the internet. Keep up to date and stay safe.

Lloyds TSB Taking over HBOS?

Ahmed — Thu, 18 Sep 2008 12:19:08 +0000

Yes that’s correct. Due to investment banks Lehman Brothers and Merrillin the US falling into a irresolvable credit crises, this has had a severe side effect to the financial markets around the world including the UK and Japan.

Under the British law, for Lloyds to take over HBOS would not be permitted as it would lead to an increase in competition other banks cannot match but due to the intensity of this situation, the government has allowed this “transaction” to take place. The deal is worth £12.2 million.

If this goes ahead, up to 40’000 people could lose their jobs. According to Lloyds, this merger should save the combined companies £1 Billion a year by 2011.

Cheap credit cards ?

Michael — Thu, 06 Mar 2008 22:26:17 +0000

We are all aware of lenders tightening their grip on credit and this trend is being followed by the mortgage sector and the credit card market.

Compared to last year there are only a hand full of companies that offer cut-price credit cards.According to research there are just over 20 cards that offer a 0% transfer deal for a minimum of 10 months.

Please be advised that there are only 9 genuine 0% balance cards out there that do what they say they do. Don’t ask me what cards they are because if i had told you then you wouldn’t do any research for yourself.