Posts Tagged ‘GBP’


In tough financial times you can still have fun if you plan ahead and hunt for bargains – money saving tips for shoppers

Thursday, September 29th, 2011

It is now very common that many people who were financially well off are now battling to make ends meet. All thanks to the economic slump of recent times. Shopping sprees and holidays are no more a luxury everyone can afford every now and then. To help you out, there are numerous websites working in collaboration with stores around the UK that are offering discounts and many other attractive deals. These are available on shoes, clothing, kitchenware, furniture, travel, hotels, spas and beauty salons and all sorts of other shopping places and holiday activities that one can think of.

So if you have an important holiday or special occasion coming up or you just haven’t gone shopping in a long while, you should start researching these discount websites. Go onto the internet and search for Groupon deals in London for example and you will soon see a wide range of deals and discount vouchers. All you have to do is find the ones you like and make sure you print off the vouchers or if you have a Smartphone you can save the voucher on your handheld device. Collecting extra discount coupons is always a wise thing to do for you never know what you might want to buy once you are out there.

Groupon deals are the best and the most popular. Like many other such websites offering discounts, it offers discounts on almost all things, travel and transportation, beauty salons, city tours, clothing, restaurants etc. Most importantly, these are available as part of deals. For example, if you go to say the Royal Terrace Spa, you will get a discount for a whole package, which would include a full face, neck and shoulder massage including a hair treatment or a manicure. This way you save more. Redchat will charge you only £20 instead of £90 for a 60-minute Aveda elemental nature massage plus an Aveda manicure, along with 50% off in store waxing.

Some other websites will offer you huge discounts on clothing and shoes. Something you cannot say no to at all. There are some great deals in Belfast and London and also some other major cities housing the best fashion names. Fashion Boutique, European Designers, Saville Row Co., Barratts, Oasis and Republic, to name a few, that have exclusive designer wear and to-die-for clothes, shoes and accessories and these will all be available to you on discounted prices. European Designers is selling exclusive couture discounted by up to 75%. Glasses Direct in London is offering a voucher worth £39, available for only £9. This will let you save 77% and buy two quality prescription glasses. So all the ladies should especially be planning ahead and collecting all the best discount vouchers that they can before they are all sold out.

This might seem like a tedious task but believe me once you are doing it, it will be fun and more importantly save you money. If you have enough of such discount vouchers and coupons, you can never have enough of all there is to buy on the high street. And you will only want more.

Tags: tough financial times, Redchat, huge discounts, Belfast, GBP, luxury, Saville Row Co.

About Debt Relief Orders

Tuesday, May 3rd, 2011

There are many different types of debt solutions available these days for people that are struggling to keep up with their repayments on debts but do not want to bury their heads in the sand and pretend that there is not a problem. Some of the options that are available for those that have debts that they are struggling to repay include Individual Voluntary Arrangements and Debt Management Plans. Another, more recent, option that has become available is DROs or Debt Relief Orders.

Debt Relief Orders are a debt relief option for people that meet specific eligibility requirements and they come with both pros and cons. In order to be eligible for a Debt Relief Order you need to have debts of no more than £15,000, you must have no more than £50 disposable income after all bills and living costs have been paid out, you must own assets worth no more than £300, and your car must not be worth more than £1000.

With Debt Relief Orders the orders last for twelve months, during which time your creditors cannot chase or pursue the debt or take any action without court permission. You do not make any monthly payments over that twelve month period and once the period is over your debts are written off leaving you free to start afresh with your finances.

There are some pros and cons to consider when you are looking at Debt Relief Orders. Some of the pros include being able to have your debts discharged after twelve months, not having to make any payments for the twelve month DRO period, and being able to start afresh after the twelve month period. On the downside you cannot be a homeowner because it would be classed as an asset, you cannot have a pension pot because that would be seen as an asset, you have to meet the strict criteria, and you would sustain damage to your credit.

If you believe that a Debt Relief Order might be the right solution for your debt problems it is advisable to speak to a debt expert about it. You can contact a debt charity in order to learn more about DROs and find out whether you would be eligible. However, even if you are not eligible or suitable for a DRO there are other debt relief options that a qualified and experience debt advice officer can discuss with you.

Tags: income, DRO, GBP, debt management, twelve months, court permission

Many consumers in debt to energy firms

Monday, March 14th, 2011

As most people are aware the personal debt issue in the UK has spiralled out of control, with many people that have accrued debts such as credit cards, loans, and other forms of personal debt. However, it has recently been revealed that many also owe a lot of money to energy firms, with the soaring costing of energy leaving many unable to afford their bills.

The rising cost of living in general, along with factors such as a cut in income or welfare, job losses, and increasing outgoings, has left many people struggling to keep on top of their bills. Energy prices in particular have soared and with the last couple of winters having been so bitterly cold this has resulted in a rising number of people being unable to pay their bills.

It has been revealed that many people are now in debt to energy firms, with a total of £624 million owed to these firms. It is thought that the average amount owed by households is around £126 each. The data comes from the comparison site uswitch.com. Nearly 40 percent of energy customers said that they owed more to their energy firm now compared to last year. Just 14 percent said that they owed less compared to last year.

One uswitch official said: “Energy debt can be a catch-22. Despite knowing they could reduce their bills by moving to a cheaper energy plan, consumers can see debt as a barrier to switching. However, our research shows that while the average debt is £126, consumers could save up to £458 by switching. So while they may have to pay any outstanding debt to switch, by cutting the cost of their energy they could avoid falling back in to debt in the future.”

 

Tags: GBP, loans, lot, outstanding debt, cheaper energy plan, catch

Brits regret not paying off more debt last year

Monday, January 10th, 2011

A recent survey was carried out the results of which showed that many Brits were regretting not paying off more of their debt last year. According to the survey, which was carried out by Internet banking giant First Direct, which is part of the HSBC group, around 53 percent of those polled as part of the survey said that their biggest financial regret of 2010 was not paying off more of their debt earlier.

The survey involved polling around one thousand adults in the UK, and 82 percent of them said that the area of their finances that they were most concerned and unhappy about last year was their loans and credit cards. There are fears that whilst debt has become a major problem for many people over the past couple of years the situation could get worse as a result of government cutbacks and further job losses, which are due to take place this year.

Many people may have made New Year’s resolutions this year to get their debts sorted out, and for those people it is important to take action as soon as possible rather than putting things off again as they may have done last year. Consumers can look at consolidation of their various debts with a low cost consolidation loan, particularly given that loans of £7500-£15000 are said to have come down in terms of interest rates as a price war breaks out amongst lenders.

One official said: “The New Year is the ideal time to reflect on your financial habits and change these for the better. The earlier people start to plan their finances and look to the future, the easier they will find their long term financial position.”

Tags: couple, situation, financial habits, GBP, United Kingdom, loan, whilst

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