Why Are Credit Scores Important?

In a world where the credit rating makes up 90% of your financial reputation, you’ll want to make sure that you maintain an excellent score or rating all the time.

Maintaining a good credit standing shouldn’t be all that difficult. All you really need is to keep up with your bills. Unfortunately, things don’t always work the way we plan them to and once in a while we’ll get into some trouble that can affect our credit score. When this happens, you’ll need to work on repairing that score before your reputation plummets and life becomes much more difficult.

What Is a Credit Score?

Think of your credit standing as your image because it is in so many ways. When financial companies look at you, they won’t see your face or the way you present yourself. What they’ll see are the figures that make up your credit score.

If those figures are good, you’ll find it easy to obtain loans with better interest rates and payment terms. If the figures don’t agree with the financial institution, you’ll probably receive a blank stare or even worse.

So, if you’re looking to go through life as smooth as possible, take care of your image (credit standing).

Excellent credit standing for good image

How Does a Credit Score Work?

First of all, credit scores are maintained by organizations with access to all your history, from loans to utilities.  Some well-known organizations are FICO and Vantage.

The scoring system is measured by a chart that goes from 300 to 850. If you’re repaying your loans so that you can take out new ones more frequently, you’ll get a score of over 700. If not, then your score drops. The worse you become at repaying loans, the lower your score gets. When it reaches the lower levels, you’ll find it difficult to get any type of loan at all.

How Do You Monitor Your Credit Standing?

One of the best ways to maintain a good credit rating is to monitor your report regularly. You’re usually entitled to one free report a year from organizations that monitor your ratings. After that, you’ll need to pay a certain fee for additional reports.

However, not all companies that claim they can monitor your ratings and provide you with free credit reports are trustworthy and reliable.  Some of them can be total scams.

A good example is a company called freescore360. Now, if you are wondering is free score 360 legit? Well, according to the BBB (Better Business Bureau) this company has a score of F, which is the lowest they give out. If you want to learn more about why the BBB provides their report freely on their website.


It’s important to monitor your credit standing, but it’s even more important to make sure that you’re doing all your can to pay your loans on time. If you’re doing this, there’s no reason why you should be given a low score, which means you won’t need to worry too much about monitoring your rating.

Would an Individual Voluntary Arrangement (IVA) Be Good for You?

So, you owe your creditors a certain sum of money and now you are having difficulties in catching up with the payments? With these financial troubles, your enterprise is in danger of bankruptcy and you have a lot to lose. Where do you turn to for aid?

How IVA can help with your debt

Individual Voluntary Arrangements (IVA)

In a nutshell, IVA is a legal agreement between the payer and the creditor for the former to pay his debts to the latter at an amount which he can afford on a monthly basis within a certain period of time agreed upon. This period lasts usually relatively longer such as in five years. During these years, creditors are prohibited from increasing the payment terms. Upon making the final payment, the rest of the debts is disregarded.

Sounds better than declaring insolvency, right? But can it do you more good than harm? Are you qualified to have an IVA set up for you?

Down here are some fundamentals and essentials about IVAs for you to take a look at before you decide to sign up for one.

The Benefits

Under IVA, you will only have to make practical and realistic monthly payments. The amount will have to be based on what you can actually afford. You have much greater chances of keeping your assets, such as your house and your car, for as long as you are able to maintain the mortgage payments and any other kinds of loan which you owe. Your creditors are not allowed to include these assets in the agreement.

In addition, your creditors cannot make any other legal move against you such as bringing the case to court. They are not even allowed to contact you regarding what you owe them.

IVA may have to stay on your credit file for the next six years but you will not have to endure as many financial and credit restrictions relative to having been bankrupt. Hence, on the face of it, IVA seems better than bankruptcy.

Sounds good so far, right? But are you suitable to enter into IVA? Let us find out next what the risks are.

The Disadvantages

While being allowed for realistic monthly payments is part of the advantages IVA can offer you, these will go on for five years. Depending on how you look at it and how undemanding or burdensome this might be for you, these payment terms under IVA can be considered a disadvantage as much as it can potentially be easy.

IVA is a deal or contract between you and your creditors and it is not built on trust which is not a legal criterion to set up for an IVA. You may be permitted to keep your assets but may also have to be obliged to release a considerable part of your equity. This may happen at the start of the agreement or toward its end.

Should you fail the IVA along the way by not adhering to the terms, it will still be bankruptcy which you will fall off to.

Weigh the factors and circumstances of your current situation and get professional IVA Help & Advice now and find out more about the arrangement. If you ever come to the decision of moving on in an IVA, choose your IVA provider wisely.

What You Ought to Know Before Getting Loans for Students

Education is important, but it is costly. The increase in fees has led people to ask a lot of questions. Why should you go to university when a lot of wealthy people nowadays didn’t finish college at all?

You go to college no matter the cost and regardless of where you get loans for students for various reasons. You want to finish college to get a qualification which improves job prospects. It gives you the opportunity for a bigger salary. The reasons are endless.

Most people can’t afford to pay for their college education. Few parents help their children go to university. For the majority, the simplest way to get money fast is through student loans.

Student Loan Debt

How to Get Loans for Students

So you got accepted to college, so what’s next? Financial experts suggest that you give time to look for grants and scholarships as much as possible to pay your college tuition and living expenses.

If your grant or scholarship is disapproved your next option is student loans. You may be able to loan from the government to help pay for your tuition and living costs. If you come from a low-income family or disabled, you will be able to get extra money.

The good thing is repayment will be required in the future, and the payment would be according to how much you earn, once university is over.

How a private lender can help with your university loansFinancial experts have some valuable tips for you to use student loans in moderation. As mentioned earlier applying for grants and scholarship reduces the amount you borrow. You can also try working part time to cover some of your education costs. The advantage of doing part time is you learn how to deal with life’s in and out.

Scout for less expensive schools and cut on costs as much as you can. You buy used books and cook food at home.

Remember that whatever amount you’ll get from student loan means you have to repay the amount in the future.

There are advantages to getting loans for students. They are often charged lower interest rates than other types of loans. Applying for a student loan is easy. There’s no need for high credit scores. This loan will be the first in your list, which helps you establish credit. Lastly, payments are made until you find a job.

Private Student Loans

Government loans are your best options for student loans. However, you can go to private lenders if you still need more funding. These private lenders are typically financial institutions like online lenders, banks, etc. Click Finance UK loans up to £25,000 for students.

Find loans for students from private lenders which offer flexible deals. Check online reviews of the banks to see if they give excellent service and whether they are honest. There must be no hidden charges and see the total cost of your loan upfront.

Final note

If you’re going to get a student loan, it is imperative that you have to know what you are going into. The biggest benefit you are getting from a student loan is you finish college, and you’re learning some valuable life lessons.

Tips on Asking for Fundraising Donations

Does Your Organization Have An Advocacy And Need Some Funds To Run It?

Fundraising Tips

You can ask for fundraising donations to help you raise funds and get you to working on advocacy or charity.

There are even already many successful Hawaii fundraising activities that helped the many people and the environment.

However, asking donations is not easy. First of all, you need a mountain of bravery to face your prospects and a huge amount of convincing powers to get their “yes.” Secondly, you have to conquer the fear of being embarrassed and of being rejected. And those two things are not easy to deal with.

One main thing about asking for fundraising donations is that you have to be sincere. When your sponsors see that you are sincere of your advocacy or in helping a charity, they would gladly help you in it.

Sincerity is the key, but it’s not just all about sincerity. You also have to make preparations before heading to your prospects so that you can be ready for what you have to say and of whatever they may ask you.

This article will give you tips on asking getting donations from companies or individuals effectively.

1. Research You Prospect Sponsors

Researching about your prospect donors can give you an idea of what they are and if they are likely to support you in your cause. Some essential questions that you can find answer about your prospect may include:

  • What are they passionate about?
  • Do they support causes? What are these?
  • Have they previously given donation for causes?
  • What are their hesitations when giving?

Through the answers to these questions, you would know how you can approach them and ask them about your need.

2. Practice

Tips for fundraisersIf you practice what you have to say, you are likely to become more confident when facing your prospect. This is because you know what you are going to say and how to construct your message, compared to if you don’t practice. Practice aloud, look at yourself in the mirror as you speak, and if possible, record it so you can hear if you sound good or if you need to improve your delivery.

3. Don’t Surprise Your Prospects

Don’t just suddenly appear in your sponsor’s office without him/her even knowing that you are coming. Contact them in advance and tell them of your intent for visiting them. This way, you can also set schedules where both of you are vacant. This also helps you make sure that when you go there, your prospect donor is there, too.

4. Be Specific About The Amount You’re Asking

Your donor doesn’t exactly know how much your cause costs. Don’t make it a guessing game to them. You may tell them of the specific amount that your cause needs or you may ask them by saying “Would you consider a gift of ___?”. This will at least give them an idea of how much they can afford and be willing to give.


Asking for fundraising donations is not an easy task. You’ll have to be brave enough and ready for any rejections. But with these tips, you can be more confident and ready in approaching your prospects. Aside from these, the main tip is always to be sincere. Don’t think about just getting the money. Most of all think about your goal of running the cause.

How Will Income Protection Insurance help you in The Future

Income Insurance

Over your working lifetime, there are possibilities of you becoming disabled before retirement age. With this thought in mind convinces you to consider income protection insurance.

One thing that people struggles with when the word insurance is brought out is its complexity. There are so many terms you have to understand about income protection insurance. This article makes us understand the importance of income protection.

Here Are Some Issues You Need to Clear Before Getting Coverage

Protecting Your Income With Insurance

Why Do You Need Income Protection Insurance?

It ensures your wages against the danger of accident, injury, sickness and unemployment. It replaces part of the income if you are unable t work.

Income Protection Insurance also is known as Permanent Health Insurance covers you for an extended period. Typically you are covered until retirement age. In cases where you are unable to work again, Income Protection will pay you for the entire duration of your policy.

What Are the Benefits You Can Get from Income Protection?

Income protection has comprehensive coverage that covers your earnings in the eventuality that you are unable to work due to accident and illness.

If in case your inability to work is due to work redundancy, you are still covered if your option includes Unemployment Insurance.

If are confused, Life’s Great income protection insurance agents are willing to explain and help you understand the issues boggling your mind.

How Much Income Protection Insurance Do You Need?

This depends on the insurer. Every family or individual has separate need and unique as well. The amount you will require depends on different factors. Typically, Income Protection policies offer you between 50-70% of your pre-tax income.

The first thing you need to consider is your outgoings. How much are your main outgoings? You have to ensure that the monthly payout will be enough to cover your payables.

Your agents will not only help you get quotes; they know how much the insurer is willing to cover.

Should You Buy Income Protection and Critical Illness Insurance Together?

Insurance agents say that Critical Illness is cheaper than Income Protection because it covers fewer conditions. If you are on a budget, buy coverage for Critical Illness

Critical illness covers a maximum of fifty serious illnesses. The most common reasons are cancer, heart attack, and stroke. Once diagnosed with a qualified disease, payment is made once in a lump sum amount, and once the policy has paid out, coverage ends. You have the option to insure yourself at any amount, providing the premiums are affordable and practical for you.

Will Income Protection Insurance Pay out When You Require It?

As insured person, your number one concern is whether your insurance company will pay when you need it.

According to Association of British Insurers claims are declined only if the customer does not disclose relevant information. Furthermore, ABI reported that in 2015 91.2% of income protection claims were paid.

Disclosing crucial information is essential when you buy any insurance and in this case Income Protection Insurance.


In buying Income Protection Insurance choose the right company with good track record. Life’s Great income protection insurance agents are willing to give advice before making a decision.