Month: September 2017

Four facts you should Know Regarding Debt consolidation

If you are struggling to repay huge debts with your little earnings, it is time you consider seeking debt relief services. The services will help you get back on the track by consolidating your debts. However, before you get started, there are certain facts you should understand first. Getting into it blindly may cause you more harm than good. Here are facts on debt consolidation Sydney offers.

1. Debt consolidation agencies are different

Just like electronic can differ based on the manufacturer, debt counseling services can also be different. Therefore, you should be cautious when selecting an agency to work with. The most desirable options are the non-profit agencies that are from the National Foundation for Credit Counseling and the Financial Counseling Association of America (FCAA). The advantage of going for agencies under these two organizations is because they require their members to follow the standards set by the council on accreditation.

Also, the counselors have to pass a comprehensive certification program before they are allowed to practice. Even when hiring a firm that has been approved by either of these bodies, it still pays to be careful. Go for an agency that is organized, offers consumer educational materials and sends statements and payments in due time.

2. Debt relief will help consolidate your debts

Credit relief services function as third party payment systems. The agency will neither give you a loan nor offer you debt settlement. On the other hand, they negotiate with your lenders with the aim of reducing your interest rates and waive any fees.
At times you might be offered a debt management plan (DMP). Once you accept the DMP, you will no longer have to send payments to your debtor. On the other hand, you will send your monthly payments to the agency until your debt has been settled fully.

3. You might lose your credit cards

One important fact to note is that all lenders within your credit plan will close all your accounts. Therefore, you might have to adjust to living without credit cards until when you clear your DMP. You will also be stopped from opening any new accounts. Coming to think of it, this makes a lot of sense since there is no way you can be struggling to pay debts and still add new ones. However, you might be allowed to keep one card which has a little balance.

4. Debt consolidation is not for everybody

For one to qualify, most of the debts must be unsecured debts such as credit cards, payday loans, personal loans and departmental store cards. In case the majority of your debts are secured loans such as car loans, alimony, student loan debt, child support, back taxes and mortgages, you might not be eligible for debt consolidation services.

Four Benefits of Living in a Loft Style of Condo

Whether you are just starting your career, facing an empty nest or getting back on your feet again, lofts for sale are an ideal way to have a place of your own. Instead of dealing with a long commute or a long drive just to get anywhere and do anything fun, living the condo lifestyle allows you to be at the center of all of the activity. Consider these four benefits of living in a loft.

1. Skip the Yard Work

When you buy one of the lofts for sale, you will no longer have to worry about doing yard work. If you previously owned a home on a standard-sized or extra-large lot, you likely spent a lot of your time mowing the lawn, yanking out dandelions, shoveling snow and putting ice melt on the path. If you did not do it yourself, you likely had to find a trustworthy landscape and pay someone to do it. Living in a condo means that you can skip all of that grueling yard work and driveway care.

2. No Exterior Maintenance to Do

Along with all of the yard work, a traditional house involves a lot of exterior maintenance. You may have had to regularly clean the gutters, check the roof, paint the siding, remove hornets’ nests and do all sorts of other types of exterior maintenance. Buying one of the lofts for sale means that you will not have to do any of the exterior maintenance work on the property. With all of the time that you save, you could learn a new hobby, sleep in on the weekends or hit the gym.

3. Easily Access Downtown Amenities

Most condos are located a short distance from the downtown entertainment, recreational and dining hubs. This means that you can easily get to a show, visit a great restaurant or meet friends for coffee. The proximity to these great places also means that you might be able to leave your car parked, saving yourself a lot of money on parking fees, fuel and wear and tear on your vehicle.

4. Enjoy the Great View from Your Windows

In the dense suburban areas, your view might be limited to your neighbor’s messy backyard or the house across the street with peeling paint and cars parked all over the place. When you choose lofts for sale Toronto, you can enjoy a great view from your windows. Many condos in downtown areas have a nice view of the city’s skyline, allowing you to enjoy the sunrise or the sunset. You may also have an unimpeded view of the best landmarks and attractions of your community.