Posts Tagged ‘Consumers’

Individual Bankruptcies Continue to Decline in UK

January 20th, 2012 No Comments

According to the Insolvency Service the number of individual bankruptcies continues to diminish in the UK and this is largely attributed to alternatives such as Individual Voluntary Arrangements (IVAs) and Debt Relief Orders (DROs). Comparing year-on-year for the third quarter of 2011, individual bankruptcies fell by an amazing 11% over the previous year and when the statistics are in for the final quarter it is expected that they will follow suit in this decline.

Many people are turning to debt solutions that will help them avoid the consequences of being bankrupt and also looking to reduce their spending at the same time. By spending less and working on making arrangements to pay creditors, more Britons than ever before are hoping to keep their heads above water financially. When it comes to choosing between an IVA and a DRO, there are some important considerations to be dealt with.

Keep in mind that a DRO is only open to those individuals who don’t own their own homes whilst an IVA can be sought by a homeowner. In fact, seeking debt solutions through debtfreeme can help consumers find alternatives to bankruptcies that best suit them in their particular circumstances. Whether seeking a DRO or an IVA, there are solutions available this can help a good percentage of people avoid the penalties of bankruptcy.

When statistics are analysed for 2011, in the third quarter there were only 30,219 individual bankruptcies, down from 33,935 in the same quarter of 2010. Amazingly, 79% of these were made as a result of being petitioned by the consumer which is down from the 83% self-petitioned the year before. There were 13,048 IVAs and 7,604 DROs and this goes to show that so many more people are trying to protect their credit rating by avoiding bankruptcy.

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The need for Life Assurance cover increases

September 20th, 2011 No Comments

According to Roy McLoughlin, senior partner of London-based Master Adviser IFAs are not doing enough to promote income protection and few people are aware of it.

Backed by a report by a report from Swiss Re, still more needs to be done to get people to buy cover,

He added, “You would have thought that the welfare reform act and all the subsequent publicity around it would have encouraged people to examine their long-term illness situation more, which would lead to an increase in income protection sales.  This has not happened.  There is a huge education process that needs to take place among advisers and the public.”

However, new sales of Life Assurance Cover rose in 2010 and IFAs increased their share of the distribution.

The Term and Health Watch report showed that sales of individual term life assurance, critical illness cover and whole of life policies rose last year.  New whole of life business increased by 16.8 per cent to 371,467 policies, compared to 318, 078 in 2009, while critical illness sales showed a more modest increase of 0.8 per cent.

Roy McLoughlin said he was disappointed that income protection sales had taken such a hit.  He agreed with Mr Wheatcroft that more needed to be done to educate consumers about the need for protection.  He said, “The positives here are that more protection is being sold through IFAs.  The negative is the fall in income protection because it should arguably sit at the head of the protection table, and the fact that those figures have come down is disappointing.”

“Being ill long term is the thing that is most likely to happen to you in your lifetime.  The more cover that is sold the better, but income protection should be going up.”

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Tips For Finding The Best Forex Trading Software

September 1st, 2010 No Comments

Finding good Forex software, will help you trade quickly and easily and make greater profits.

It seems that when it comes to Forex software, just about everybody has their own set of programs they would love to have you utilize.

Knowing that software is not necessarily created equally, this means you will have to make some decisions about what you expect from the trading software that you decide to go with.

Here are some tips you should consider before committing to any one software package.

The first question you should ask yourself about any trading software has to do with usability.

Do you find the software to be logical to your mind?

Can you manoeuvre through the prompts with a full understanding of what you are doing?

Should you need assistance at any point in the process, does the software provide the ability to access a help section?

Being comfortable, with the way that the software works, is a huge part of whether or not you need to consider a particular software trading package.

If it seems too complicated, then pass on that selection and move on to another potential candidate.

When you have identified a few software packages that you believe are workable for you, then you need to begin doing some investigation into each one.

Find out what other consumers are saying about these particular software options. Is there a consistent history of persons who have found the software to not be what they thought it would be?

What types of complaints can you find, and how did the software manufacturer respond to the problems?

Do the issues you uncover have to do with earlier versions and are not relevant to the current version that you are considering?

Getting feedback, from other consumers, can help you to narrow your list of software candidates down to a manageable few, to give your focused attention.

After you have narrowed the list down to those that you believe will be easy for you to use and that have a proven track record of success, the time has come to compare apples to apples.

What type of trade limitations does Candidate A software have versus Candidate B?

How quickly can a transaction take place on each of the software platforms?

While you have previously determined that you could work with each of these programs, the time is now here to decide, which one goes beyond that stage and actually is the one that you would enjoy using as your trade software of choice.

By identifying potential trade software packages and performing due diligence to obtain the relevant comments that have been shared by other consumers, you go a long way toward finding the ideal software package.

Once you have narrowed the list by comparing the functionality of each of your top choices point by point, you will be able to enjoy your choice of Forex software for a long time to come.

Download some free forex trading software today by clicking on the link below.

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