DEBT HELP - Turn Your Debts Into A Fantastic Debt Free New Life

Money Worry and Mental Health Crisis of Living in Debt

2008-09-25T20:38:00.002+01:00

Money Worry and Mental Health Crisis of Living in Debt

Are you one of the many people living with money worry or even, do you live with the constant thought of how you can rid of debt concerns? If so, you could be amongst the many that are falling into a mental health crisis of major proportions.

The stress of every day living with the fear of what the post is going to bring and what telephone calls you want to ignore, is a tremendous burden to carry when you are in debt.

Normally a person with major money worry issues cannot eat properly because of the ongoing fears that being in debt brings. This eventually affects their brain, due to the fact of their lacking in the necessary vitamins and minerals needed to function properly. Sadly, after a period of time of this neglect, their mind becomes completely distorted and they tell themselves that life is just not worth living any more. The thought of suicide suddenly becomes an answer to their problems.

Another health issue of living with the constant fear of being in debt is the effect that it has on the rest of the family.

There is a strong likelihood that your relationships within the family will probably have disintegrated into an area verging on complete breakdown, which in turn will have given the other party an equal amount of stress, resulting in yet more health problems.

Cancers, suicides, marriage breakdown, health problems and constantly living in despair are all the caused of debt.

One of the first things a person should do if they reach a point of contemplating suicide, is to get medical advice urgently. Discussing your problems with a close friend or family member and enlisting their help to support you when going to the doctor would also be something you should consider.

Finally, you should get someone to help you to set up a strategy of how to get out of debt and treat this situation as a project, a project or challenge that you want to win.

With self help and the correct professional advice, you would be able to get rid of your debt problems and all the affects it has on your life within a set timeframe. Eventually you will look back, when you are no longer in debt and be proud of how you took control and stopped yourself becoming just another person who made up the numbers that brought about a mental health crisis - all because of debt problems.

For more on how self help can get you out of debt ... click here

Debt Help Varied News

2008-07-21T18:45:00.000+01:00

Debt Help news and facts today.

to pay debt, Indian stranded in Qatar ... to be a further boost to P Aboo, the Indian expatriate who has not travelled home for more than nine years following the closure of his restaurant, members of http://www.qatarliving.com/, yesterday vowed to provide him financial help to. ...

Great News for Part Time Students This will help offset the additional tax burden laid on such students by the London government’s abolition of the 10p tax rate, which would impact on the worst paid in society. We are moving our education reforms forward rapidly, ...

'Seek help to beat mortgage debt' A HEARTBROKEN wife today urged families hit by the credit crunch to seek help after her debt-hit husband hanged himself at their South Yorkshire home.

SA's over 40s are rolling in money He said 70% of them have settled their debt and half of those over 50 are debt- free. He said the fact that this market was bigger and faster-growing than generally perceived could be a godsend to South African businesses under current ...
Various news report on debt help and also lack of debt help.

Debts Challenge - Debt Help to A Fantastic New Debt Free Life

My Visit to Wall Street - Manhattan

2008-07-15T07:19:00.002+01:00

After the hectic time of releasing my eBook on 'How To Turn Your Debt Into A Fantastic New Life', I flew to America. Manhattan in New York city was the first stop on my visit to USA.

Visiting Wall Street was a dream come true. Having seen the photographs in books and magazines since I was a small child, to eventually be standing in the middle of all the magnificent streets, gave me a feeling of great satisfaction and achievement.

The New York Stock Exchange building was another place I wanted to see, as well as 5th Avenue, Central Park, the Brooklyn Bridge and many other places. But there was not enough time to take it all in, in just seven days - which means another trip has to be ear marked!

To think that I had lost my own home, business and all financial security in the last recession and here I was standing in awe of the tremendous financial institutions?

Outside the Stock Exchange Entrance - Note the sign to Wall Street!

I met some of the most amazing women in Manhattan. Women who were so generous in sharing their live experiences with me. Women, I will never forget! Who knows, I might even write about them!

It was incredible to think that just days before, I was living on 3 to 4 hours sleep with putting the finishing touches together on my eBook about debt.

I was using new software and one thing after another kept going wrong but I took solace in the fact that it happens to nearly everyone as they put the finishing touches to a product launch. When you are in the throws of the pressure of time restraints, technical problems and sleep deprivation, you have no alternative after travelling down such a long road than to just get it out there and make changes later, if you have to.

The feedback has been excellent and all I have to do now is to promote it.

Do help yourself to the free report at http://www.debts-challenge.com/ or if you want to go direct to the salespage it's www.debts-challenge.com/NewLife - at the moment, you will find it for $7.

$7 is a price everyone can afford and that was my reason for pricing it so low. The more people who can get out of debt, the better.

Debts Challenge - Turn Your Debts Into A Fantastic New Life

Yahoo Headlines on Home Repossessions

2008-05-10T23:20:00.000+01:00

Just as I was about to open my yahoo mail account last night, I noticed with horror the Yahoo headlines stating that home repossession orders surge. You can read the full article here.
http://uk.news.yahoo.com/rtrs/20080509/tpl-uk-britain-repossessions-orders-20b2d2f.html

Briefly, this is truly the worst news possible for all those with debt problems because they state that there are more people on the verge of losing their homes than in the early 1990's recession and according to experts, it is going to get worse.

Having lived through that particular recession, I am shocked that this is the case. Why on earth hasn't someone sitting in the comforts of Parliament or The Bank of England come up with a prevention strategy before debt problems in the housing market reached this level of disintegration? These, after all, are the people who are paid handsomely to ensure that people living in the country are protected from disastrous financial events.

I have actually heard someone recently say that a lot of people deserve their mortgage problems because they gambled on buying a house when prices were high, in the hope that they could afford it if the mortgage interest rate increased. My answer would be, with approximately 12 million mortgages in Britain alone,

1. why were house prices allowed to treble in a decade?
2. why were people allowed to borrow so much more than they could afford to repay?
3. why had the government not addressed this, knowing full well that history repeats itself as it surely has done with home repossessions?

Europe, America and all countries world wide are in similar positions with their debt problems and home repossessions. Surely one day, someone will get up and be counted and help all those who wake up every morning in the bleakness of living with their debts challenges of which home repossessions is just a part.

US home repossessions hit record high

Business & money: Slump in housing market and impact of credit crunch affect country's poorest borrowers.

Mass Home Repossessions In Our Future in the UK

Vince Cable, the deputy leader of the Liberal Democrats, has given warning of a “very real possibility of mass bankruptcy and home repossession across the country”. More borrowers could be thrown into difficulties by the abrupt ...

Australia: Families hit by rising bankruptcies and home repossessions

... broadcast on Australian television provided a timely insight into the desperate circumstances afflicting a growing number of ordinary Australians who are mired in debt and threatened with bankruptcy and the loss of their home. ...

This depressing news has to stop - and with the right frame of mind, the right tools, it can be turned around. The opportunities which are available today, where not there in the early 1990's - so for the majority of people there is a way out of the darkness of home repossessions. Click here for the free report.

Debts Challenge - How To Turn Your Debt Into A Winning Challenge

YES WE CAN – Eliminate the Debts Challenge Through Education

2008-05-07T22:32:00.000+01:00

The big question is, can we eliminate the debts challenge faced by families all over the world through education?

YES WE CAN!

When I wrote this post, it was National Teacher Day in America. A day for thanking teachers for the continuing hard work that they give in order to ensure that their students reach the levels of attainment that they can aspire to.

Teaching children about money should start from when a young child first earns pocket money and should be taught right from the beginning exactly what the value of this money is.

When a child reaches school age and starts to learn maths, they should also be learning about the importance of money. Throughout their years of education, they should be taught how to budget, how to use credit cards, the type of mortgages they can apply for and all areas of the value of money.

However, at this moment, teachers world wide are suffering from the lack of support they are getting from the appropriate authorities. It is normal for teachers to have to work long hours, from planning lessons before the actual class, to correcting homework after the class, which is often done in the evenings or weekends.

The fact that they are working such long hours already can, not only affects their health but, the result of this can easily be affecting our future generations due of their lack of education in financial studies.

When someone in the political arena has the gumption to stand up and be counted as the person who changed the way that the education system looked at monetary issues as being a necessary part of the curriculum, then, and only then, will we be nearer the time that families will not have to suffer with the debts challenges of today.

If only there were more people like Mattye Whyte Woodridge ...

"According to the National Education Association, Arkansas teacher Mattye Whyte Woodridge began corresponding with political and education leaders about the need for a national day to honor teachers in 1944. Woodbridge wrote to Eleanor Roosevelt, who in 1953 persuaded the 81st Congress to proclaim a National Teacher Day." You can read more of this article here ... http://www.wausaudailyherald.com/apps/pbcs.dll/article?AID=/20080506/WDH0101/80506073/1981

If someone took a stance now, within a few years the younger generation would be more capable of taking full responsibility of their finances. We owe them that opportunity.

Going back to the original question of can we eliminate the debts challenge faced by families all over the world through education?

YES WE CAN!

Debts Challenge - How To Turn Your Life Into A Winning Challenge

My Internet Marketing Mistakes Cost Me Dearly

2008-04-10T15:01:00.002+01:00

If only I had known what I was doing when I started online but instead, my internet marketing mistakes cost me dearly financially, in lack of sales. It also cost me dearly in lost valuable time. Time, which was gone forever!

However, in defence of myself, I have to admit that I find it incredible to think that many of my internet marketing mistakes are still being made daily, by thousands of people around the world.

Even though others have successfully been making a living online since the 1990's, new people coming onboard are still being enticed into buying packages which are not relevant to their needs.

For many people working online, they don't actually know what their needs are, let alone understand the internet marketing terminology and therefore buy into several products which just sinks them into massive debt.

My internet marketing mistakes included...
1 Buying products which were too advanced for my knowledge base at the time
2 Joining expensive membership sites which were, again, too advanced for me.
3 Buying programs which involved buying into more hosting, which I did not need.
4 Filling up my hardrive with 'must have' programs, many of which I did not open.
5 Holding myself back because of the fear of not being able to complete a task.

One of my very first mistakes online was buying into an ecommerce store to sell my own products, which, I might add, sold successfully offline, internationally.

If promoting a product online, is a route you want to go down, then, by going to the following site, you will find details of a less expensive way of doing this and generating sales almost immediately. You will also find many other ways that you can protect your purse and, at the same time, keep out of debt. www.myinternetmarketingmistakes.com

The Chicken Nugget Story And Debt

2008-03-19T15:08:00.001+00:00

Can you imagine how a person would feel when they have to retire, after running their own business for many years, on just a measly pension?

This is exactly what happened to Colonel Harland Saunders, the Kentucky Fried Chicken guy who, at the ago of sixty, had no alternative but to sell out his business to make way for a new roadway.

After a period of living on his small pension, he decided that he was not going to accept his standard of living in pension poverty anymore and determined that he had to do something.

The idea came to him to sell his unique chicken recipes to other restaurateurs.

With this in mind, he set about approaching them and travelled all over America. He even slept in his car for many of the nights. He called on restaurateurs, day after day, explaining how his recipe would be advantageous for their businesses. But day after day, he was seen off their premises.

He never gave up and called on 1,009 doors throughout America before his offer was accepted.

What perseverance that man had to follow his dream? How many people would have given up after 3 or 4? But he went on and on until he got his Yes!

One of the reasons why I wrote my eBook on debt was because of my own debt. This happened, due to purchasing a retail business just one year before the last recession started. Our business of leather goods and gifts were not the sort of products which people needed in a recession. Expensive leather wallets and briefcases were eventually replaced by cheaper products but still it was impossible to trade successfully, when most of the customers in the locality were struggling with the recession themselves.

After many changes of the types of products we sold and also many burglaries to contend with, the doors were finally closed, at an enormous financial loss. The keys were handed in and the premises left empty. I drove away from there, knowing it would be a long time before I entered that location again.

Returning to college, I retrained and eventually landing up in a career motivating people on starting their own business, I always included the story of Colonel Saunders.

The story of his success was one I very much admired. The students loved to learn of his tenacity and determination.

Some years later, on my last visit to London, I did a detour down memory lane. This was the first time I had ventured back into the area where we had our retail business, as all recollections of it, the consequences of the recession and the financial burden of the closure had purposefully been erased from my mind. As I drove to the location where our retail business had previously been, memories of our debts challenge flooded back but I was happy to see that the new owners were running a very successful business.

There were many customers inside the bright, yet clean, premises.

It was very strange for me to notice, as I looked up at the shop sign, that it was in fact now owned by the Kentucky Fried Chicken chain.

Debt Can Lead To Suicide

2008-03-12T20:07:00.003+00:00

How does someone who is living with the sheer panic and desperation of constantly trying to get through each day, because of their debt problems, stop the thoughts of their contemplating suicide?

As mention in my article http://debts-challenge.blogspot.com/2008/03/fear-and-worry-of-being-in-debt.html, these are the thoughts of many people who are living daily with the stress and worry of mounting debts and knowing that they cannot even afford their every day living expenses. Every second, their thoughts are of how they can get out of debt.

As a result of this constant stress and anxiety, they may not be eating or sleeping properly. The consequence of this will be their inability to work at their normal productive level and also to make good judgements. Without realising it, they will have slipped into a severe state of depression.

In this state, not only will they become pessimistic, but they will also become obsessive over their debt problems. Everything will look hopeless and they will eventually reach a point when they will not be able to see a light at the end of the tunnel. They will start to see suicide as their only way out.

Once a person reaches this point it is imperative that they be taken seriously.

If you know someone who is threatening suicide for whatever reason, get them to seek professional help right away. Go with them for support and encouragement, if you can. At the very least direct them to The Samaritans. Talk to them. Give them your time.

Going back to the original question of this article, the way to stop people considering suicide as an option to eliminating debts, is to help them put their debt problems into perspective.

Spend time talking to them positively about their debts solutions. Contact a debt agency and make an appointment for them. Help them prepare for this appointment. You can do this by following the tips listed here.
Encourage them to list all their achievements up until this point in their lives. This will help to reinforce their capability of dealing with their debt problems by way of reminding them of what they have successfully achieved in the past and putting their debt problems into perspective.

Show them that you care by telling them what you like about them as a person. Their confidence will be at their lowest, so truthful but genuine compliments can only help to restore this.

Enlist their family for more support. Some family members, who know nothing about the stress this person is going through, may well be in a position to and also, want to, help.

Encourage them to make an appointment to see their doctor and go with them for moral support. Just the small act of driving them there and waiting for them while they are in their meeting, will help, not only them but also you. You will have knowledge that you have done everything in your power to help this person at a time of great need.

Music is another way of motivating and uplifting a person ...

The Fear And Worry Of Being In Debt

2008-03-03T12:49:00.004+00:00

Every day thousands of people are waking up to the immediate thought of how they are going to survive yet another day of mounting debts. Will this be the day that they decide they cannot take it anymore?

People from all walks of life are coming to the conclusion that they have no alternative other than to destroy their own lives by committing suicide.

You just have to do a Google search for debt + suicide and you will come up with some horrendous cases of people of all ages and even in the 70's thinking about committing suicide but concerned with leaving the debts to their families. Cases include a 58 year old Mayor and the Reverend Mr Miller.

They are in such a desperate state of depression that they cannot even comprehend the pain they will be giving to the families that they leave behind – and all because of lack of money.

What a sad indictment on the rest of society that people who are going through this terrible situation, feel that they have no alternative. We have all been guilty at some time in our lives of judging a situation through our own ignorance.

In a lot of cases, they cannot comprehend the stigma of going along to get advice from the appropriate advice agencies, on how to get out of the debt and this can be because of the shame they feel. But, if only they would put their pride aside, because within no time they could be on the road to debt recovery.

A very slight change in the way that a person looks at each problem can make all the difference between life and debt. If people could just detach themselves from the emotions of the pain of being in debt and instead looks at the situation as a temporary challenge, which they can win – how much better life would be?

YOU CAN Win The Debts Challenge - CLICK HERE for FREE REPORT

Debt Free Strategies

2007-12-16T12:56:00.000+00:00

Becoming debt free is the main objective of many people who have build up credit debts, over the last few years.

It is a worldwide problem and in the UK steps are in place to protect those people who opt for protection under the Individual Voluntary Arrangement (IVA) scheme. For a full detailed report on the new code of conduct with regard to the IVA, I would suggest that you read the following, which comes into effect from February 1st.
http://www.guardian.co.uk/money/2007/dec/16/debt

However, according to the Press Association, banks are actually pressurising people to take our further loans to clear off the debts they cannot afford to pay now. What a vicious circle. You can check out their report here ...
http://ukpress.google.com/article/
ALeqM5j5N4Ro7v7P5OBszxBDSKC2yKdRuQ

Obviously there will always be people who slip into debt through no fault of their own, i.e. health, redundancy, recessions etc. but in a lot of cases debt is due to one thing only and that is bad financial management.

I certainly believe that financial management, or budgeting, should be taught from a very early age and in school. It should really be part of the curriculum. The reason why I believe this is because during a period of my life, when helping others with their business plans etc, I was surprised to find that a lot of people did not even know how to fill out a cheque!

Amongst some of the ebooks I have written, you will find a simple system of generating money at http://www.ez4u2gowebbusiness.com/indexmain.htm - this is an eBook which I am going to relaunch and for anyone who purchases it, they will get the updated new version.

It is definitely one way of becoming debt free.

Aine
Debts Challenge

Inspirational Tee Shirts - Debt - Fun

2007-08-21T10:16:00.000+01:00

What has inspirational tee shirts,debt and fun all got to do with each other?

The simple matter is, by creating inspirational tee shirts within no time you will be on the road out of debt and at the same time having loads of fun.

This is an incredibly easy way of making money. All you have to do is to select some photos or graphics which inspire you, have them put on items and then sell them to anyone who likes them.

They have a very active forum. I've just spent the last hour in there and the information is excellent.

Can you imagine the fun you will have creating your own designs and then what about selling them and putting some money back into your pocket. It does'nt even cost anything to get started!

When I have the time, I am definitely going to do it myself because I have been carrying around in my head a lovely idea for the last few years.

Please can someone just tell me where more hours can come from.

In the meantime do give this idea some serious thought. The tee shirts can of any design you can think of, they obviously don't have to be just inspirational tee shirts.

Aine
Debts Challenge - Have Fun in Debt

Debts Challenge - Relaunch

2007-08-07T16:14:00.000+01:00

I am in the final throws of relaunching Debts-Challenge's Help With Debt Problem System.

In the new edition there will be more information to help anyone who wants to get out of debt and at the same time, even have fun while you are in debt. Just because you have debts does not mean that you can't afford to have fun as well. Believe me, there are loads of ways that you can give your family memorable days without spending a fortune, even holidays ...

I've also written a new large section within the ebook which shows a method you can use for earning money without any assistance from anyone else other than yourself and working at home online. It is completely free to get going. It doesn't require you to ask anyone to sign up etc, as so many internet marketing systems do.

For all those who have previously bought the original eBook, I shall be sending each and every one of you a free copy. It's my intention to update this eBook yearly and anyone who buys will get an update, as long as they send me their receipt.

Wishing you debt free happiness.
Aine

Debts Challenge - Have Fun in Debt

Thank God For Positive Thinking - Bill Cullen Review

2007-06-24T22:20:00.000+01:00

As it was a beautiful sunny day today, I took some time out to relax and read Bill Cullen's - 'It's A Long Way From Penny Apples. I've been reading it for a few weeks now as I can only snatch a few minutes here and there but I will get to the end one day.

It is a fantastic read. Bill Cullen relates his early life living in Dublin. The poverty his family went through, beggars belief - yet the strength and determination they had is also unbelieveable. Even though they had nothing, they were always finding ways to improve their lives.

I've put the link on the page and, as you can see, you can buy it for peanuts if you don't mind a second hand copy.

I've yet to reach the point where he starts to make his millions and this from a man who had to wrap his feet in newspaper to keep out the cold!

With the right thinking - positive thinking - we can achieve anything we set our mind to. Not forgetting that this blog is about debt - focussing on being free of debt, will bring that thought into reality. It is, afterall, the law of attraction!

Don't forget you can get a FREE REPORT on your debts challenge - or maybe I should rename it, help-with-debt-problem.

Also still on a positive note, check out this site. There is a FREE REPORT there as well!

Aine
Debts Challenge - Have Fun in Debt

Have Fun In Debt - You Can!

2007-06-22T15:01:00.000+01:00

Have Fun In Debt!

Just because you are in debt, does not mean to say that you can't have fun. There are many things you can do which are free or cost very little.

The obvious ones are, inviting friends and family over for a get together, with each family bringing something in the way of food. You could use this time to bond with your family and even play 'old fashioned' games of cards etc.

Taking your small children to the local park and devising games for them to enjoy. By accessing and preparing the situation, you could plan an event which could also include many other local children.

Taking time out to read the books which are freely available from the library. You may also find that there are many local events listed in the library boards, which you had not thought about. Also many libraries have 'children story times', which will give the children a time to be with other children and yourself, some free time nearby.

That is just three simple things you could do. There are many suggestions in my eBook and please feel free to get the FREE REPORT.

Still on a positive note, have a look at this site ... I definitely recommend it.

Aine
Debts Challenge - Have Fun in Debt

Have Fun In Debt

2007-06-21T09:51:00.000+01:00

Have Fun In Debt
Many people are surprised by this statement. The obvious question from them is - How can you have fun when you are in debt and you've no money?

Debt is liken to a cancer. It can destroy your soul. The constant worrying about how you are going to pay for your everyday living expense can affect your health detrimentally.

Therefore, it is imperative that you find the ways to have fun, even in debt, for your own sanity and the future happiness of all you family.

Within my eBook there are many suggestions of how you can have a fun filled and happy life. Nobody in this world who should suffer illness and depression, just because of debts.

Debts Challenge - Have Fun in Debt - FREE RRPORT

HELP WITH DEBT PROBLEM

2007-06-20T17:53:00.000+01:00

RELAUNCH OF DEBTS-CHALLENGE

Click HERE to register for details of the relaunch of Debts-Challenge.

The reason why I am relaunching this eBook is because I have since found some excellent information which I want to include in it.

It all honesty, there is hardly a day goes by when I think of the people who have committed suicide, just because of their debts. You may have read that I was inspired to write this eBook last year because of a gentleman who lived in the next town to me, he killed himself because he could not afford to pay for his rent! I find that so incredibly sad. Also, there are many people who have fallen on hard times, now living with constant stress because of the lack of income.

Tomorrow I shall start a list of some of the reasons why people are in debt!

Aine Callan
Debts Challenge

HELP WITH DEBT PROBLEM

2007-06-11T07:35:00.000+01:00

Credit card debt is getting out of control for many people. They use one credit card to help get through one month when their income does not cover their normal daily expense. At first they don't worry about this as they know that within a certain period of time, they will at least get a rise to bring more money into their budget.

But when the rise comes, it's less then they expected. In the meantime, their bills are rising more each year than their salaries. Maybe they have not got the change of getting a better paid position because of where they live.

There are many reasons why people fall into debt and they are certainly not all because of irresponsible spending. In a vast amount of cases it is because they lose their jobs, became ill, had to look after someone else etc. etc.

If you are in that situation and want to start earning some money at home, on your computer without having to own a website, without asking other people to sign up for this that or the other, then you'll find the easiest method of earning money at here - www.ez4u2gowebbusiness.com

Debts Challenge - Help With Debt Problem

Joel Christopher's LIFE INTEGRATION (Marketing, Business & Personal) Blog: "My NEW YEAR's GIFT To You"

2006-12-31T23:57:00.000+00:00

Joel Christopher's LIFE INTEGRATION (Marketing, Business & Personal) Blog: "My NEW YEAR's GIFT To You"

I have been to the above site and downloaded a very interesting diary for my desktop. Have a look yourself, if you use Outlook Express as they don't supply a calendar etc.

With the diary, you can put in all your payments due and keep notes on any comments you need to make for future reference.

I am going to give it a trial test as I think it is something we could get great benefit from.

If you decide to download it, please leave me a comment on what you think of the diary, because it could be a great help to many others.

Wishing you great success and happiness in 2007.
Aine
Be Happy In Debt - http://www.debts-challenge.com

Debt Challenge - Can Credit Cards Help

2006-11-14T09:42:00.000+00:00

Want your credit cards to do something for you? http://debts-challenge.ecreditdirectory.com

When you are in debt, one of your worse fears is how to manage this debt so that it does not rise further. The answer can be Credit Cards.

You can use your credit cards as a project to manage your money.
Every day, spending a few minutes checking your expenses and daily spending, can very soon get you out of debt.

Yes, that's true! You'll find that the focus you give to managing your debts will start you on the road of taking complete control.

Using credit cards with 0% interest rate would be your first step in this direction. The link above will take you to a site which offer over 10 such sites. The sensible way of using these cards is to watch your dates carefully and then move balances as the date arrives for paying interest on your loans.

You obviously have to be very focussed so that you don't build up debts on them. But you can use them to clear off one card at a time.

Remember, the only person who can take complete control of your expenses and debts, is yourself.

Aine Callan - www.debts-challenge.com

Debts Challenge - Have Fun In Debt

The Mortgage Challenge

2006-11-06T16:26:00.000+00:00

How often have you been tempted to spend some of the collateral in your property? Imagine spending some of the money on a luxury holiday, revamping your home or just putting some extra money into your current account so that you don't have to worry about the utility bills.

But then also imagine, instead of leaving an inheritance for your children, you leave a big mortgage.

A new mortgage has been introduced, named the 'inter-generational' mortgage. This enable a person to just pay the interest only with the capital sum remaining unpaid until the death of that person, the mortgagee – then the children of the mortgagee will have to decide if they want to take on the mortgage or sell the house. (Bearing in mind that the children may themselves be tied in with their own 'inter-generational' mortgage.)

Obviously there are concerns whether this is actually a good scheme. Even though it is cheaper at the beginning of the term, in the long run it works out much more expensively for the mortgagee. How, for instance, would people be able to pay the mortgage when they are in retirement?

It appears that the only people who would benefit from this would, surprisingly, be the mortgage landing companies.

Are we surprised though?

Aine Callan
For a Free Report on Debts Challenge CLICK HERE

Debt Challenge for Bank of England

2006-11-04T17:19:00.000+00:00

It was reported this week –( last part of October 06) - that the Bank of England are very concerned by the fact that approximately 80% of personal debt in the UK is made up of loans secured against homes, such as mortgages and re-mortgages.

This is a major challenge situation in the arrest of mounting debt for the Bank of England. We all know that the repercussions related to this type of debt have far reaching effects and take many years to overcome.

They are also concerned that as well as this debt, other debts, such as credit cards now amount to over £1,000bn.

News this week regarding personal finance and property prices has generally been very negative and it has also been reported that many more people are going bankrupt or taking out IVA.

Debt agencies said that they are seeing an increase of approximately 50% in debt problems, over the last six years. The mountain of debt has been silently growing but is now coming to a head.

Yet at the other end of the financial spectrum, house prices have been reportedly rising each month. This was not anticipated earlier this year but it appears that no matter what the financial experts say about property, they hardly ever get it right. Who can blame them? Money is such a mystery! Pity debt is'int.

If you have money concerns, well guess what? Believe me you can be happy in debt.
For a FREE REPORT - click here for www.debts-challenge.com/report.htm

3 Ways of Generating Extra Income At Home

2006-10-23T18:46:00.000+01:00

There are times in everyone's life when they want to generate extra income. It may be for a particular holiday, special gift or even to pay off the credit card debts.

1 - Spare Room
Do you have a spare room that you could let out? There are a lot of costs to be taken into consideration with doing this however it may be worth it in the end as there are generally some tax concessions allowed. Contact your local tax office and council office to find out the implications of doing this.

If your home is near a hospital it may be worth advertising within the hospital as many nurses will already be looking for accommodation. The same goes with local colleges but you have to make sure that the timing is right. Students don't generally change accommodation during their course year. Local businesses may also have people looking for accommodation just for during the weekday nights.

2 - Writing
If you enjoy writing, why not write some articles for your local paper or magazine. This would help build up your confidence in writing and within weeks you could be selling your articles to national magazines and newspapers. Many magazines offer money for personal stories or funny jokes etc. Readers Digest is just one of these.

3 - Selling Products
Everybody knows that you can create a business by selling on eBay but not everyone has the stock available to do so. Now there is a way you can do it at CafePress.
You can design your own tee shirts, hoodies, tracksuits and many other items to sell, without having to do anything other than giving your own artwork to a company, letting them print it for you and then they posting it direct to the customers with your details?
This has to be one of the most inspiring creative web business opportunities available and don't forget all with no upfront costs and no inventory to manage. Have a look at CafePress now.

That is just three way! Can you suggest any other ways?

Aine Callan
Debts-Challenge

How Bad Housing and Debt Affects Our Children

2006-09-13T09:34:00.000+01:00

Along with debt comes bad housing.

For children living in run-down, overcrowded and damp housing, the first concern must be that of their health. This in turn, affects their schooling. The eventual results of their lack of schooling lead to poverty later in their lives. This vicious circle of events is carried from one generation to another.

It is a fact that children living in overcrowding in their homes have been linked to tuberculosis, slow growth and a higher risk of heart disease in later life.

The lack of comfort in their early lives can also lead to under achievement in their careers, lack of confidence in themselves and the likelihood of their finding a partner who has come from a similar background to that which they had. The list could go on and on.

What is the answer?

The answer has to be more affordable rented housing for the less well off. Where there is a will, there is a way and there is really no excuse as to why children should be born into such a housing shamble.

One charity who constantly works for the advantage of the homeless and bad housing in general, is Shelter. Without this charity fighting the government for the rights of vulnerable people, what sort of society would we be living in?

All because of the circle of poverty, which is prolific in each city and town throughout each country? Just one step at a time and it can be eliminated.

Another reason why we owe it to ourselves to get out of debt quickly and live the life we want to live - as well as be in a position to help those who need our help.

Aine Callan
Debts Challenge

Homeless and alone!

2006-09-11T18:50:00.000+01:00

News arrived today that up to 3,000 Polish people are now living on the street in Britain. This is since their country's accession to the European Union. They came searching for work only to find that there was not enough for them all.

What do they do? But turn to crime, drugs and alchololism in an effort to blot out their despair. Of course it is wrong to turn to crime but how desperate must people be in that position and what is the answer? Obviously having a job is the number one answer.

Surely there is work for everyone in the world? Learning new skills opens the doors to many opportunities which are waiting for good people to fill them.

Now that the colder weather will be upon us soon, it is harrowing to think of all the people sleeping in doorways because they have no family or friends to help them out. We, the strangers to these people, are fearful of getting involved and giving someone room in our our homes. We just have to turn on the news to realise what a cruel and violent society we live in.

Being homeless can happen to anyone at any time in their lives. Marriages break down and somethimes one partner will be completely ruthless in wanting absolutely everything out of the marriage leaving the other partner with absolutely zero. Hopefully, the person, who is left with nothing will have the support of their family and friends to help them until they can build their confidence up again and move onto the next chapter of their lives.

If we, who have our own roofs, moan - we should just stop for a moment and give thanks for all that we have and not always want more.

With love to anyone who is suffering today.
Debts Challenge

Save Money on Your Mortgage.

2006-09-06T23:50:00.000+01:00

Today I contacted my building society just to enquire whether my rate could be reduced. It was entirely done as an exercise to give you the results. So the results of this little exercise means that I will be saving myself thousands over the next few years, especially if I do it on a two yearly basis.

Just by contacting your building society and telling them that you are thinking of changing your mortgage to another mortgage supplier may save you thousands over a few years too. They will go through the payments you are paying at the moment and offer you a better rate if they can.

Also, if you have a good record of paying your mortgage on time with no defaults but have now fallen upon hard times financially, you could contact your building society to find out if they have any 'holiday payments' periods. Holiday periods are generally six months of non payment of your mortgage with the unpaid amount being added onto the term of the mortgage. Most building societies now offer this option and if yours doesn't then it would certainly be worth while changing to a more flexible mortgage company.

Another option would be to ask your building society if you could extend the term of your mortgage to make your payments more affordable in the immediate future. Later, when times become easier financially you could pay more each month to reduce the term of the mortgage back to the original term.

The more flexible your mortgage the easier it will be to be in control when you have to deal with hard financial times which may be out of your control.
Aine Callan
Survive your Debts Challenge