Remortgage for People With Bad Credit Rating?

Well in a word, yes. Having bad credit history (sometimes referred to as an adverse credit history), or even just one financial mistake in the past, can often lead to closed doors from the regular high street lenders – but don’t let this stop you from looking around, as this need not be the final outcome.

There are mortgage lenders across the nation, each with a huge range of mortgage types on offer, that will happily consider lending money to people with all sorts of circumstances, from all sorts of different backgrounds. As there is much more choice available now for remortgages for people with bad credit history, it means that the rates are often very competitive. Gone are the days of extortionate interest rates just because you have found yourself in financial difficulty. You don’t have to pay out for having an adverse bad credit remortgage. There are now many lenders that are only too happy to lend money to people that have a bad credit rating (these lenders are generally known as sub-prime lenders).

Perhaps you overspent over Christmas, and have found that the bills are just mounting up and you have not been able to pay all the instalments that were due this month. This can so easily happen, especially at times like Christmas and Holidays. Sub-prime lenders realise that it can often be just temporary circumstances that have led you into the situation of having a bad credit history, and they are still quite happy to consider an application for a remortgage.

You may well find that you are struggling to obtain a remortgage for many reasons, perhaps you have no proof of income, or you have County Court Judgements (referred to often just as CCJ's), Defaults, or even a Repossession threat – all of these might mean you might not fit the strict ‘High Street mould’. Even if you do fit the mould, but want to see what else is on offer, or achieve that dream situation of reducing your monthly outgoings, clearing outstanding debts, and perhaps even having some surplus cash to spend, there are thousands of mortgage products available to suit your individual needs. You just need to know where to look for the right advisor.

Once you have established that your credit history is not quite up to scratch, or you know that your arrears are piling up with your existing mortgage, and action needs to be taken – you need to start looking around for an advisor to help you find a remortgage for people with a bad credit rating.

You will need to find someone who will work with you and find you the best possible deal they can. Luckily in this day and age this does not have to be a firm who is based in the same town as you – many people find the service and deals they are happy with by using companies found from searches made on the internet. Of course it could well be that you may prefer to work with a local company and if so, then have a look through the local telephone directories and see who is around. Do bear in mind though that a local company may well be expert in finding mortgages for people with no bad credit problems, but not so experienced with remortgages for people with bad credit. It is important to find a company that specialise in sourcing remortgages for people with bad credit, as they will be able to find you the lowest interest rates and the best deals to suit your personal circumstances. This is best done via a search on the internet, as you have access to a much wider pool of expertise to choose from.

There are experts in the field of obtaining remortgages for people with bad credit rating, and they will be able to find you a remortgage deal that suits you and your bad credit history, so you need not let the fact that your credit rating is not all it should be deter you for applying for a remortgage for people with bad credit rating.

Please feel free to use this article, but keep all links intact and working.

Cat has worked in the Mortgage Industry, specialising in Bad Credit Mortgages for some years now. For further information on Remortgages for People with Bad Credit Rating, and also information about other bad credit issues, please visit our UK site http://www.cantgetamortgage.co.uk

Article Source: http://EzineArticles.com/?expert=Cat_Archer

Top 10 Ways To Cut Spending

Do you run out of money before you run out of month? Do you wonder where your money goes each month? Do you struggle to find money to invest for retirement, emergencies and other financial goals? Here are 10 tips to cut your spending and stretch your dollar to the max:

1. Consider dropping your home telephone line. Your cell phone is probably all you really need, and most likely it has free long distance. You could save $30 or more per month by dropping your "land line".

2. Cut back on trips to Starbucks or other premium coffee shops. Often called the "latte factor", spending several dollars per day on luxuries like premium coffee can really add up. For example, if you spend $4 for a cappuccino five times a week for 50 weeks out of the year (you're on vacation the other two weeks), you would spend $1,000 in a year. Try treating your trip to Starbucks as a treat instead of a habit. You'll save money and probably lose weight too!

3. Pay your mortgage payment bi-weekly instead of monthly. You'll pay less interest and pay off your mortgage faster.

4. Carry cash instead of credit cards. Psychologically it's harder to spend cash than it is to use the credit card. You'll spend less and save on interest charges.

5. Use the "envelope system" for groceries, dining out, entertainment, and other discretionary spending categories. This will help you track how much you spend in these categories as well as prioritizing your spending.

6. Raise the deductible on your homeowners and auto insurance policies. It's not wise to file claims for small losses anyway (insurance companies love to raise rates after you file a claim), so a higher deductible will save you money now and in the future.

7. Buy regular gas instead of premium. Most cars don't need premium gasoline. Also, take public transportation if it's available in your area. Take advantage of "park and ride" and carpooling options.

8. Plan your purchases to avoid impulse buying. Take a list with you to the grocery store and stick with it. Studies show that impulse buying can add $10-50 to your grocery bill - ouch!

9. Go to the library instead of the bookstore. If you're an avid reader, give yourself a book budget for books that you will want to keep, and go to the library for everything else.

10. Take a vacation at home. Check out all the local sites and happenings. You'll rediscover your hometown and save on travel and hotel costs.

These are just a handful of ways you can cut spending and stretch your dollars, but if you follow these tips you'll discover you have more money at the end of each month to apply to other financial goals, such as saving for college, retirement or just for a rainy day.

Kristine A McKinley, CPA, and Certified Financial Planner, is a fee-only financial planner.

Article Source: http://www.abcarticledirectory.com/

How To Retire Young And Escape A Mid-Life Crisis

We are generally brought up with the notion that we will got to school, get a career, get married, have some kids and pay off the mortgage. If everything goes well, we will then retire somewhere sunny playing bridge and golf everyday. Many people will also go through painful episodes of divorce and/or bankruptcy.

Most people do not even think of doing anything different with their lives, and it is not until they reach their 40s or 50s when they start to question how they have lived their life as they realize their life is halfway over. This is referred to as a mid-life crisis. People often start to feel bored with their lives, their jobs and the people in their lives. Feelings of regret of not achieving past goals and aspirations are not uncommon. Spending ten hours a day in a cubicle tied to a computer is not how your career advisor said your life would be like.

When we are young we are told over and over the benefits of getting a good education to help prepare for a successful career, but nothing is done to help us prepare for the realization that this pattern of life may not be so fantastic as what everyone makes it out to be. A divorce, job loss or business failure only needs to be thrown into the picture to truly upset the American Dream.

If the ideal of getting a good education, career and home with a white picket fence, is not for you what are the alternatives, and what do you need to get out of the rat race and escape from your cubicle walls? There are so many places in this world that offer a cheaper and better lifestyle than what you might be accustomed to. Latin America, Easern Europe and South East Asia are places where you can live for not only cheaper, but often live a more relaxed, healthy lifestyle.

Having enough money is probably one of the biggest factors which will determine whether you can change your life. There is the emotive factor of selling your possessions that may have once been important to both how you, yourself and other people judged your success. When it comes down it, how important is a big house, expensive car and the latest plasma television? Without knowning it, it can be these items that are holding you down.

Did you know that it is possible to live in Thailand for just US$500 a month? Sure this amount is only a basic lifestyle, a beach apartment and eating local food, but who would not trade working 40 hours a week, to this for a leisure-filled, stress free life.

$500 is only a minimum amount, but by downsizing and cashing in some of your assets, the dream of changing your life for the better, may not be so far from turning it into a reality.

If you chose to semi-retire when you are in your thirties or early forties, you could have the chance to really enjoy living while you still have good health. Volunteering, study, learning a foreign language, traveling, running a small business or getting regular exercise are some of the things you could enjoy.

If in your thirties, you decided to keep working until the usual retirement age of 60 or 65, how much more do you think you would be able to accomplish working a regular job? Would a bigger house, newer car really make your life more worthwhile living?

With the opportunities available to make money on the internet you can still continue to make money to build your nest egg. For some people, it is even possible to increase their wealth by working less, something not likely possible trying to work your way up the corporate ladder.

You can be fairly sure that your work colleagues will not understand what you are doing. The hardest thing about change, even if it is for a better lifestyle, is to be able remove yourself from what is the expected norms of society. Think now how you want to live your life, if you enjoy your job then that is fine, but don't wait until you have to start hearing stories about your partners or friends going through a mid-life crisis.

Mike writes for his blog:

Retire Young and Wealthy where he is already living his dream.Article Source: http://EzineArticles.com/?expert=Michael_Henry