Debt Consolidation Advice: Recover from Credit Card, Personal Loan and Other Financial Arrears


Everyone is looking to save money on various financial payments, but when debt arrives many people immediately turn for help in order to get out of monetary trouble. Unpaid bills, credit card debt, and personal loan debt can mount over time if not monitored properly and carefully.

However, debt consolidation can be the answer to these financial issues. Learn how to recover from debt and begin a fresh financial outlook.

Debt Consolidation

When an individual finds the idea of paying off multiple debts to be overwhelming, debt consolidation is a capable option. Many times a person can be swarmed by credit card debt, unpaid/overdue bills, and personal loan debt. An individual may reach the conclusion that paying off all the debt…is simply not possible.

This financial plan allows an individual to only make a single monthly payment. The debt that has accumulated from several different places and factors is now joined into one payment. This simple restructuring allows the individual to get a better grasp and handle on his or her fiscal situation.

Credit Card, Personal Loan, and other Paperwork

The next step in the process is to meet with a debt consolidation expert. However, before a person takes that step, it’s vital to gather all the necessary paperwork. Get the contact information of all the creditors, and gather each and every necessary document to present to the debt consolidation expert. This is yet another reason to save all financial paperwork.

When this debt option is being considered, it is paramount that an individual have all the proper records and documents of his or her financial debt history. In order to be helped, an individual must first stay on top of his or her financial standing.

Debt Consolidation Company and Debt Strategy

When an individual has found the proper debt consolidation company, he or she can now be advised how to handle the situation. The company will make note of the total debt in all areas, including credit card, personal loan or any other financial hardship. The company will also make note of how much an individual can actually afford to pay per month.

The payment plan will then be constructed around the total debt and the total income. Everyone is unique, so a specific plan will have to be developed and understood. The individual’s debt consolidation advisor will speak with every creditor listed, and will work in conjunction with each one to establish an agreed upon financial plan.

Three Bankruptcy Alternatives to Consider


More often than not, individuals in dire financial distress can avoid bankruptcy simply by considering any other credit solution. Such alternatives include Individual Voluntary Arrangements (IVAs), debt management and negotiation, and debt consolidation.

Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) is a credit solution that serves as a popular bankruptcy alternative. It involves a formal agreement between debtors and their creditors made through an insolvency practitioner. Arrangements are typically flexible and are based on the debtor’s capacity to pay. Generally, through such arrangements, debtors will be left to pay only a percentage of what they owe and interest and debt charges are frozen.

While its nature is quite similar to bankruptcy, an Individual Voluntary Arrangement gives debtors more control over how their debts will be settled as well as how their assets will be allocated. In many cases, individuals who pursue IVAs will be able to keep specific assets, including their homes. Furthermore, IVAs cost less because there are fewer and lower fees involved.


Debt Management and Negotiation

The development of debt management plans also serves to be an excellent credit solution to uncontrollable debt. This is typically a good option for those who have trouble with unsecured debts including those accumulated through personal loans and credit cards.

Through this alternative, debtors typically seek the help of finance experts such as consumer credit counselors in order to come up with a debt repayment plan that suits their specific situation. Upon developing a suitable plan, consumer credit counselors or debt management companies negotiate with creditors on behalf of their clients. If successful, debtors are then left with debt management plans that are more manageable.

Debt Consolidation

Debt consolidation involves taking out a loan to pay off another loan or many other loans. While this can be done through banks, it is often done through debt consolidation companies. Through this option, debtors can cover unsecured loans by taking another unsecured loan but it is often more beneficial to cover unsecured loans through secured loans because of the difference in interest rates.

Typically, debt consolidation is done to gain lower interest rates on the total amount of debt. Sometimes, debtors can also gain fixed interest rates through this option. An additional benefit to this bankruptcy alternative is that debtors need only to make one monthly payment to one company rather than several monthly payments to several creditors.

There are a great many options available to debtors in financial distress. Often, such people will find bankruptcy alternatives to be very beneficial. If they have the capacity to pay, they should seek the advice of a consumer credit counselor or any other professional in the field of finance. Such experts will be able to help them find the best credit solution for their specific debt situation.

Teaching Young Children to Manage Money

Teaching Young Children to Manage Money

It’s never too early to begin teaching your children how to manage money responsibly. After all, it is a skill some still struggle to master even as adults. There are some fun things you can do with your preschool-age children to help them become money smart.

One of the obvious things you can do is to give your child an allowance. There are a lot of different opinions about when and how to do this. I think a child is ready for an allowance as soon as she shows an interest in money and how it works. For this reason, my daughter started getting her allowance at about age 3 1/2. I give her one dollar for each year of her life, so she began by getting $3 per week. When she gets her allowance, one-third of it goes into a spending jar (which can be spent immediately), one-third of it goes into a short-term savings jar (to be saved for larger purchases), and one-third of it goes into a long-term savings jar (to be put in the bank). This has worked well and my daughter has been able to see her money add up and plan some of her own purchases. I recently heard this system explained with a giving jar (to be given to charity or other gifts) instead of a long-term savings jar.

Another way to help your preschooler learn about money is to let her earn some extra money, perhaps even above and beyond any allowance. Even young children can do this on occassion by performing extra chores or helping to pet sit for a neighbor who is gone, for example. You could even devise a list of extra chores and what each will pay. This money can then be added to your child’s savings jar.

When your child has some money in her possession, the next logical step is to set up a simple budget/savings plan. If you use the savings jar, you can help your child make a list of the things she wants to purchase with her money. Then help her prioritize this list so she can see what she is saving for. You can even cut out a picture of the item and tape it to the savings jar as a visual reminder. As your child sees more things she wants, help her add them to her wish list and reprioritize the list. With young children it is probably a good idea to aim for purchases that can be made after saving for only 3 to 6 weeks, so as not to lose their interest.

Banking and Finance Guide to Trinidad & Tobago: Banking, Business Information on Trinidad and Tobago

Banking and Finance Guide to Trinidad & Tobago: Banking, Business Information on Trinidad and Tobago

Whether it is business travel to Trinidad or a Tobago vacation Trinidad and Tobago has various and numerous financial centers and services to accommodate every traveler. The Trinidad economy is the most durable in the Caribbean driven by the island’s continually blossoming industrial and energy sector and Tobago’s steady tourism industry. From shopping to business startups Trinidad economy makes it simple and possible.

Banking and Finance

Trinidad and Tobago has four banking service centers, which are First Citizens Bank, Republic Bank, Royal Bank of Trinidad & Tobago and Scotiabank. Divisions of all four service centers are conveniently located in the heart of the city of Port-of-Spain while others can be found in other towns and cities on the island. These centers are equipped with fast service ATMs within banks and debit and credit card machines at most stores, restaurants and any business where monetary transactions are conducted.

While the US dollar is the popular currency on the island and can be used at some hotels, restaurants and even sidewalk vendors in place of the local TT$ all financial banking institution do trade other currencies. The other currencies traded are the Canadian dollar, Pound Sterling, Barbados Dollar, Eastern Caribbean Dollar, German Mark, and Euro Dollar. In addition to US currency travelers cheques and international credit cards are accepted nationwide.

Currency exchange is also available at other financial institutions such as Unit Trust Corporation, Fx trader companies and Central Bank of Trinidad and Tobago. Unlike some Latin American/Caribbean countries there is no black market exchange on foreign dollars. US currency can be traded in stores and restaurants at a rate of TT$6 to US$1. The exchange in banks and other financial institutions usually floats at TT$6.18 to US$1. It is always more profitable to exchange currency in the banks. There are also US$ ABM at the Piarco airport and other limited locations that allows the withdrawal of US currency

Finance and Business Investment

Trinidad and Tobago are members of a number of free trade agreements that allows for ease of exporting and importing for businesses. As a result of this no exchange controls and total foreign ownership of companies Trinidad and Tobago has the largest direct foreign investment per capita in the Caribbean. Some of the free trade agreements are Cotonou, The Caribbean Basin Initiative and CARIBCAN.

Tobago’s incentive is on the real estate front whereby non-citizens are allowed to own a maximum of five acres of land for commercial use. Both Trinidad and Tobago are home to foreign hotel chains such as The Hilton Hotel, The Hyatt Regency, The Mariott Hotel and Holiday Inn. Tobago’s lush unaffected landscape and Trinidad aggressive business center make the twin island the perfect business investment opportunity.

Hidden History: Could Massive Banking Failure Be Planned?

Hidden History: Could Massive Banking Failure Be Planned?

In 1982 G. Edward Griffin interviewed an ailing Norman Dodd, who among his many qualifications, had served as a banking expert during the Great Depression, and would later be hired to investigate US educational trusts. A man of distinguished education, his testimony unlocks many secrets governing the unseen dealings of certain influential factions within the US market.

Mr. Dodd gave an impressive account of the hidden history involved in the American banking system that proved to be shocking. Once again we are informed by credible sources that things are not as they seem, and history might prove to be quite different had the public not been deceived.

Thanks to the whistle blowers, who inform us and investigative journalists such as Mr. Griffin, we are privileged to get an insight into the true events that influenced history. There are many threats ongoing to the Republic of the United States of America. Thomas Jefferson warned us long ago to remain ever vigilant.

In 1929 contrary to assurances made by the Federal Reserve that the American monetary system would be more stabile, a financial disaster began. As the earth shaking implications of bank failures and investor’s fortunes evaporating thanks to massive stock value collapses, Norman Dodd served as a junior banking officer.

Curiously, Dodd found himself confronted by important figures in his banking organization, who asked him for his opinion about that had just happened. Mr. Dodd, although intimidated by his lack of experience to make such a comment on the situation, finally replied that there was something that his superiors did not know about banking, and that they better find out.

A Deadly Flaw In The System ?

After his candid comment, Dodd was asked to undertake a research expedition to find out just what it was that indeed, his employers did not know about banking. Dodd would have to take a leave of his present duties in order to pursue an investigation that would take 2 ½ years for him to conclude.

At a meeting with his superiors at the New York bank where he worked, he later presented his findings as to just what events had led to the financial chaos of the time. Mr. Dodd time and again had been confronted by the reality of unsound banking practices and the fallacy of fractional banking that used extended credit and debt as a tool to of claiming equity when, in fact, there was no liquidity( cash assets) in the vaults at all.

A Telling Admission

Norman was informed by his superiors at Morgan Bank, the most prominent men in the industry, that the American banking system would never operate on sound principles again. The United States in the aftermath of World War I had been encumbered in institutionalized conflicts of interest that could never be resolved. It took a year for Dodd to wrap his mind around the startling revelations he had been exposed to. It was then that he decided to resign.

Unable To Rationalize A Mystery

Resignation did not seem to be in the cards for Norman Dodd at that moment, as the President of the Bank, Mr. Cochran informed him that the directors of Morgan Bank had been so impressed with Norman Dodd’s report that they could not forget about it. Therefore, Dodd was offered an opportunity to reorganize the banking operation. Norman was anxious to jump at the chance at age 33, he considered it to be a prime prospect.

However, after being assigned to the task for the next 6 weeks, that nothing changed, and every time he enquired further, Dodd was placated and told to go to play tennis and golf on his time off, and look forward to receiving a better salary as a vice president in the near future as well as a generous pension as time wore on.

For a year he sat with his feet on his desk (figuratively speaking), and then decided he could not accept it. Norman Dodd had other ideas. He could not continue to passively occupy his position when he could not agree with the way the country was being run.


Once again he resigned, and this time for good. However, seeking employment in another banking institution proved futile. Norman Dodd found that he had been black listed and could not find another job in the entire country. For the first time since his graduation from Yale University, He found himself out of a job as a result of sticking to his principles.

The Truth May Set You Free But It May Also Complicate Your Life

It seems that sometimes an individual who makes a conscientious effort to remain a patriot to the righteous cause of his country finds adversity instead of acceptance. Norman Dodd would be relegated to finding work among various investment institutions as a consultant and fund manager as time went on. Inevitably his path would cross that of other like minded individuals who disapproved of the unseen changes being forced upon the US.

Once again though, Mr. Dodd would be presented with a chance to exercise his influence in exposing, yet another missing puzzle in the fog of suppressed history.

We will discuss that next time. Has this story been told before? Yes. And it needs to be told again and again until all Americans young and old know the truth!

Australia Bank Internet: Top Online Banking Service in Australia

Australia Bank Internet: Top Online Banking Service in Australia

The leading Australia bank on the Internet is NetBank, which belongs to the Commonwealth Bank Group. It provides a 100% security guarantee to the customers. It means that the safety of your money with NetBank is 100% guaranteed. In the event of an online banking fraud which leads to unauthorized withdrawal of funds from your bank account, NetBank will cover the complete loss. The convenience and safety that NetBank offers makes it an unparalleled Internet Bank in Australia. It makes online banking easy and very accessible for the customers who can manage almost their entire everyday banking needs from the comfort of their own home or office.

Review your Australia Bank Account on the Internet

With a bank account in Australia with NetBank, you can review your latest account balance on the Internet. All the banking transactions that you may have conducted in the past two years, whether related to your savings accounts, personal loans, credit cards, home loans, transaction accounts and Mortgage Interest Saver accounts can be reviewed online with this Internet banking facility.

Set up Mobile Phone and Email Alerts

With an Internet bank account in Australia with NetBank you can monitor your account balances with alerts on your mobile phone and email address. You can also receive reminders and notifications for your credit card payments. If you have term deposits with the bank, you can receive deposit maturity reminders as well.

Pay your Bills with Internet Banking

The most extensive bill payment service in Internet Banking in Australia is offered by NetBank. You can use Internet banking to pay your bills to more than 14,000 organizations within Australia. The unique BPAY service allows you to view your bills and pay online. You can also view your past bills and schedule your future bill payments as required.

Online Funds Transfer with Australia Bank Internet

You can use your Internet bank account to move funds to interlinked Commonwealth bank accounts, including personal loans, home loans, credit card accounts and savings accounts. Transfers are also possible to a few unlinked Commonwealth bank accounts. This service also enables transfers to selected Australian financial institutions and also international transfers. Multiple transfers are also enabled from a single Internet page.

Value Added Online Services

Your NetBank Internet bank account in Australia allows you to enhance or reduce your payment limits on your own. These changes can be effected in real time under urgent conditions. For example, if you have to make a payment for an investment in stocks, you can do it immediately online by increasing your payment limit. The account allows you to order check books, stop personal checks, set up autopay to avoid late payment charges on your bills, change your cash withdrawal limits on your credit card, and opt for added online security through NetCode whenever you are shopping on the Internet.