I know its not fun, but just like that dreaded diet, you will feel better once you have started.

Credit Cards

The January blues are well and truly here and the credit card statements will be zooming through the letterbox any day.

The first thing you should all do is take a look at what interest rates you are being charged, since the credit crunch took hold, the majority of credit card companies have been increasing the rates on the cards without most people noticing. You can actually negotiate with your current credit card companies, and the first thing you should all do is ring them up and ask them if they have any special interest rate promotions on their cards at the moment that you can move your balance to, as you think the interest rate charged is too high, if they think you may be leaving them,they will drop the rates like a shot to keep you. 

If they dont seem keen to do a deal, then check out the interest free offers that a large number of companies are offering at the moment, a number of top comparison sites advertise here on trumpo, just follow the link http://www.trumpo.com/creditcards

Mortgages

2010 is going to be the year of the mortgage payment shock for millions of people (Trumpo Included) who will be coming off really low tracker rate mortgages and will have a huge payment shock when the mortgage jumps to the lenders now pretty high standard variable rates.

The best thing to do is seek out some re-mortgage advice from one of our trusted advisers, the mortgage market is still tough, but if you are lucky enough to have equity in your home, ideally 25% of the value of your home being mortgage free,  then the jump in payments can be less shocking than going straight to a lenders variable rate, i.e. Nationwide Building Society have standard variable mortgage interest rates of 3.99%, but discuounted deals can be available from around 2.64% with the Nationwide, so the payment difference would be huge.

If your current deal is about to come to an end within the next 4-6 weeks, contact a trusted mortgage adviser via the link below. https://www.trumpo.com/forms/enquiry.php?app=mor.

In too much debt that you feel like you are drowning?

So many millions of families are struggling to make ends meet, and in most cases they are facing financial hardship through no fault of their own.

We have seen a high rise in families struggling to meet their gas and electricity bills, and these are to be classed as priority debts along with your mortgage, after all you need to eat and keep warm first, so don’t be bullied by any debt collectors into paying credit cards ahead of your priority debts if you cant afford them. A large amount of debt collectors are lying bullying sharks and will tell you many untruths to get you to pay them before paying your essential or priority debts.

The first thing to do in this scenario is to seek help, the debt charities below do a great job and have a lot of free and helpful information on their websites;

Citizens advice Bureau http://www.adviceguide.org.uk/index/your_money/money_management_index_ew.htm

National DebtLine www.nationaldebtline.co.uk

Consumer Credit Counselling Service.  http://www.cccs.co.uk/

If you have a great deal of debt, or need specialist bankruptcy or insolvency advice, then we would reccomend you seek advice from a professional debt counsellor. Trumpo has personally vetted a number of trusted firms and they adhere to the highest codes of conduct and professional standards. You can access these firms by completing a simple enquiry form via the link below.

Help is out there and you are not alone.

https://www.trumpo.com/forms/enquiry.php?app=dbt

Savings.

If you are fortunate enough to be sitting on a pile of cash, then the chances are you are more than a little miffed with the low levels of interest currently being paid on your savings if they are sat with a bank or a building society.

Since the financial landscape was turned on it’s head as a result of the credit crunch, I have never known a more important time to seek out professional advice regarding your savings and investments.

You may be losing £1,000’s a year in interest, when better returns are available elsewhere, it costs nothing to obtain initail advice via one of our trusted investment advisers.

Click now for a free consultation.

 http://www.trumpo.com/investments

 

Happy financial planning everybody and here’s to a healthy and proposerous 2010 for us all.

Your Trumpo.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.