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stephenmorgan's Articles in Finance

  • Credit Debt Consolidation – Are we all sitting on a time bomb waiting to explode?
    OK listen up folks, do you have a mountain of debt on your credit cards that would probably put a third world developing nation to shame?

    Suddenly does it seem to you and you alone that there is nothing in the classifieds but advertisements from Companies all promising competitive rates on Credit Debt Consolidation?
  • Up to your armpits in Debt? - Debt Consolidation Help
    Are you having trouble paying your bills? Does the reason you are in need of debt consolidation help lie behind your eyes and between your ears?

    Do you hide behind the sofa every time the Postman delivers the post, hoping against hope that he is not going to try and deliver the sort of letter that needs to be signed for? You know the type? The type that ensures that you acknowledge the correspondence from the Debt Collection Agency and makes it virtually impossible to continue the pretence of ignorance.
  • "Life Insurance" – Should be “Death Insurance” but they’d have a hard time selling the policies.
    Phew that’s one heck of a long title, [perhaps I should have broken it up, but it might have ended up sounding like the screen play to some cheap TV Docu-drama).

    However I digress.
  • Avoiding the hidden pitfalls and traps of certain types of debt consolidation
    “It’s very easy sir, we can help with debt consolidation in a number of ways. Let us know exactly how much you owe, who the debts are to and for a fixed fee we take care of all of the rest. Your credit record will start to be rectified the moment you put down this telephone. Can you afford such and such (figure withheld)? It will come out of you account on a regular monthly…..oh and by the way, should there ever be an occasion that you have a problem with the monthly payment, call our Customer Service Hotline where we will be only too happy to advise you what happens next.”
  • Debt Consolidation: From Generation X to Generation Broke
    “Never in the field of Human Endeavour has so much been owed by so many” – apologies to the late Sir Winston Churchill.

    OK folks it’s another bout of Heads Up time again! I have just finished reading an extremely frightening report that even if only partly true should actually go a long way to frighten the pants off most free thinking level headed individuals.
  • The Culture of Debt amongst Young People
    It’s amazing when you consider the above statement and try and get a grasp on the two concepts of Young People and Debt?

    Back in my day being at College or University was all about racing around and being passionate about either Politics, Music, Alcohol and whatever else (or in most cases whoever else) you were passionate about.
  • Rationalising the Stigma of Bankruptcy Part 1
    In the first of a series of articles, Stephen Morgan tries to wrestle with the oft misunderstood lending criteria that Modern Day Financial Institutions use to help fuel their financial expansion and growth but at what expense?

    Hardly a month seems to go by when the Media isn’t reporting some incidence of the suicide or attempted suicide of some individual who has taken the unfortunate decision that death seems preferable to having to come to terms with dealing with steadily amassing debts.
  • Debt consolidation is considered as an easy way to handle debts.
    Hmmnnn…., this old gag rears it’s ugly head on a regular basis. The truth of the situation (and here speaks someone who has gone through the mill on this one, come out the other side minus most of his shirt but still alive and kicking) is that this is only partly true.
  • It’s Official; are we now a Bankrupt Society?
    OK perhaps a slightly OTT title and introduction but the core message put out recently by the UK Governments Insolvency Service was that a record number of people in the Uk were made officially “insolvent” between July and September 2006.
  • The Real State of the Economy – Good or bad?
    There is something about the US Economy at the moment that I for one don’t get. Now it may be that being a brit, I am a little slow on the uptake; this has been known to happen every now and then but at the moment I cannot fathom several things out.
  • Beware Credit Card Thieves on the Horizon!
    No this is not a seasonal warning about thieves and pick-pockets (well certainly not the usual variety) but rather a heads up about the annual onslaught of direct mail from those glorious companies who have our welfare dearest to their hearts, the Worlds Credit Card Companies!
  • A Couple of Ways to Get the Best from Your Credit Cards This Christmas
    A couple of basic ways to help you stretch that already limited budget this Christmas without leaving you with financial indigestion after the Festive Season is over.
  • Credit Cards, Friend or Foe?
    The Festive Season approaches, It is also the time of year when the majority of the “Open Wallet” Surgery in our lives takes place and we end up funding next years Skiing trip for the majority of Credit Card Company executives the world over.
  • Beware Bank Robbers on the horizon
    I have a client who at this time of year has financial problems. Christmas tends to encourage more expenditure than is good for you.. Christmas tends to leave all of us with bills at the end of the day that we would rather not have.

    It is usually at this moment in time when we are in need that the Banks make a killing trying to offer us even more money, offering us deals left right and centre to help us smooth our way out of debt into even more debt (if the truth and the small print be known).
  • Property Investment - Does it still Work?
    There’s nothing quite as safe as houses – or so they say, but in this climate of the various stock exchanges going up and down is this totally true? Sure, the news about surging housing prices and rising interest rates is never out of the news.

    Loads of Home and Property programmes swamp our daytime (and our night time) viewing on the TV schedules and where does this all lead us?
  • Getting the Estimates Just Right
    There used to be an anecdote doing the rounds in the construction industry about the various types of engineering. The story went along the lines as follows.
  • Overdue Refunds Now Provided by Banks
    In the UK, Banks have been ordered by the financial watchdog, the Financial Services Agency (FSA) to refund Mortgage Exit Fees to clients they have overcharged when they redeemed a Mortgage. This is of major significance to those involved within the areas of Debt Management, Debt Settlement and Bankruptcy in general as these figures could be quite substantial overall.

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