Although they didn’t draw any firm conclusions the example given certainly seemed to indicate that most people would be better off with a professional debt management solution.

The reason being that debt management starts with negotiations with your creditors. They don’t want you to default on their loans/cards any more than you do and will often be prepared to reduce your debt and freeze interest moving forward providing payments are met on time.

This means that the total you are paying is always going to be less than a debt consolidation loan where interest is added to the total debt.

Even if you would prefer a debt consolidation loan it is not as simple as that. Lenders have become ultra-tight in their criteria and it is difficult for even the cleanest of risks to get a loan. This means that debt management may be your only option.

Why worry about debt management? The only drawback to debt management is that it will have a negative impact on your credit rating. This is not the end of the world and if you meet all of your repayments, complete the programme and become debt free then it is repairable.

Remember, whichever debt solution you choose you MUST ensure that monthly payments are met on time in order to fulfill your obligations and to get out of debt.

Debt is a negative influence on most people’s lives. It can affect you in many ways leading to stress and anxiety. Don’t leave it to fester, make sure you get help as soon as you recognise your debts are becoming a problem. The sooner you act the sooner you can sort your problems out and get on the road to debt freedom.

Trading since 2001 Britcover have a track record of providing excellent home insurance cover with low monthly premiums. As it says in their slogan – low cost, not low cover.

They do not charge for monthly direct debits, unlike many other home insurance companies/brokers, which helps to keep costs down and spread the amount you pay over a longer period.

Contents insurance policies, buildings insurance policies or combined buildings and contents policies are available, as are home insurance policies for landlords.

We offer a simple online home insurance quote form taking the bare minimum of details. It won’t even take you a minute to complete, after which we will contact you to discuss your cover requirements and give you our best quote.

We always aim to beat any other home insurance quotations so let us know the best price you have and we’ll see if we can save you some money.

If 2009 has not been a good year financially, and for many people in the UK that is the case, then now is the time to take control of your finances and make sure 2010 is going to be a better year.

A good place to start is by looking at your bank statements and seeing where your money is going. Make a note of all of the fixed costs, such as mortgage/rent, council tax, loan repayments and other bills and add them up. Also calculate your total monthly nett income.  Hopefully your income exceeds your fixed outgoings and the figure left is your disposable income.

This disposable income is used for your shopping, treats etc. Do you have enough left to cover everything you need to buy? Are you spending money on something that you could do without?

If  your income does not cover your outgoings then you have two choices:

1. Increase your income
2. Reduce your outgoings

If you don’t do one or the other then you are going to be considerably worse off during 2010 and could get yourselves into financial trouble.

For a variety of reasons these options may not be available to you and it might be that a loan or debt solution would prove a better option.

Are you making repayments on a number of loans and credit cards? If so your monthly repayments could be cut by consolidating all of this debt. This may result in paying more in the long run but in the short term could reduce your monthly outgoings considerably and allow you some breathing space.

If your situation is worse still and you are struggling with a large amount of debt (eg. £15,000 plus) then a debt management option may prove helpful to you.

Whatever your circumstances Financeworx personal finance are here to help. Wishing you a happy and prosperous 2010.

What you see will largely be the same although where the new apps go will have changed. Basically we had a number of outdated links that were not producing results for our visitors so we have updated and amended them for future use.

We have now broken down our personal loans appform into two different ones.

• An unsecured loan form for tenants and also for homeowners who don’t want a secured loan
• A secured loan form for homeowners who are happy to have a loan secured against their property

The debt management and payroll loans remain the same whilst the separate mortgage and remortgage forms have been amalgamated into one form.

Home Insurance and Become an Introducer forms have been removed, although we hope to have a full insurance section in the fullness of time. We are currently sourcing providers who can offer our visitors a good deal.

This will be updated with finance related news on a regular basis (once we get to grips with this new WordPress blogging application!)