Is every month like a constant struggle with bills payment piling up? Do you feel like not opening the bills? Are you thinking of ways to avoid it? If answer to any of these questions is ‘yes’ – then you are certainly heading for debt consolidation.

Debt consolidation offers great support to self employed while budgeting and making financial decisions. An individual who operates a business,or a profession as a proprietor,consultant,independent contractor,freelancers or someone in changeable employment – then you are a self employed.

Debt consolidation for self employed was traditionally considered expensive and difficult to obtain. With more than 15% of UK being self employed the perspective has changed. Self employed are a very financially viable class. The cases of self employed debt consolidation have become considerably high.

Does debt consolidation for self employed makes sense?

Certainly! A debt consolidation for self employed is similar to any usual debt consolidation. It consolidates the smaller loans into a single loan. Debt consolidation for self employed you can fuse unsecured loans,utility bills,medical bills,or any other outstanding bills into a single debt consolidation loan. This debt consolidation loans has lesser interest rate and one single monthly payment for all the loans. So instead of paying separately on every loan,you save money by paying on this low interestdebt consolidation loan. The monthly payments are usually lower thereby making it possible for self employed to meet their obligation each month.

Don't Let Your Debt Consume You

Debt consolidation for self employed is usually of two kinds – secured or unsecured debt consolidation. Unsecured debt consolidation will serve well for those self employed who can offer no security for their loan amount. Unsecured debt consolidation will have higher interest rates than its secured sibling.

Secured debt consolidation requires security (home,car,real estate etc). With home equity debt consolidation,the security is in the form of home. This brings better rates,lower monthly payments,convenient terms,and approval for bigger amounts. With secured debt consolidation,a self employed must be aware that he can affect the loss of his property in case of non repayment. Though that is the last resort.

Self employed can use Debt consolidation for the purpose of recovering credit. When you make payments on time,it reflects in your credit. Since monthly payments are lower with self employed debt consolidation,you are less likely to miss your payment and therefore improve your credit.

How is debt consolidation for self employed different?

Debt consolidation for self employed differs with respect to documentation. A lender looks for steady income as proof of the return of loan. Self employed usually does not have any pay checks to offer and no regular income. And also no third party to verify income. A self employed in order to avoid taxation usually do not declare their complete income. Therefore,self employed debt consolidation depends upon income tax returns. Self employed should be ready to produce income tax returns for two years.

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There are lenders who offer debt consolidation to self employed with limited documentation or no documentation. However,this is true to some extent but “no” or “reduced” documentation debt consolidation will be compensated by comparatively higher interest rates.

Is there a threat to debt consolidation for self employed?

The threat is usually in the form of the self employed revisiting old borrowing ways. Getting off debt can stimulate a spendthrift indulgence in a self employed. This can neutralize the whole purpose of debt consolidation. A self employed looking for debt consolidation should understand that debt consolidation is trying to address something – your money spending habits. If one can’t take heed of this reality then they are only leading themselves to further debt condition. A self employed must see to it that no further financial risk are undertaken after debt consolidation.

Don't Let Your Debt Consume You

Debt consolidation for self employed considerably reduces the monthly outgoings. This leaves self employed with free money and scope for improvement of lifestyle. This provides further boost to economic condition. More available income means either more savings for investment in industry and people in jobs. Debt consolidation for self employed is not an innovation in the loan market. However,it can offer innovative answers for your personal debt condition.

Failure to satisfy your responsibilities as a company director could cause to be at the risk of disqualification. After disqualification you will no longer be able to act as a company director,for a given period,without the permission of the relevant court.

The Company Directors Disqualification Act of 1986 defines the rules of disqualification. You should remember that as well as to being prohibited from acting as a director,disqualified directors are also restricted from asking another party to manage a company under their instruction.

Disqualification lasts for a 15 year period. Breaching the disqualification rules however,may lead to an extension of this period in addition to a two year jail sentence.

As you can imagine,a disqualification can have a significant impact on your life; something you will want to avoid at all costs.

Common Reasons For Disqualification

Before looking looking into a director,the Insolvency Service always starts if it finds a valid reason to do so.

Here are some of the common ones:

• Unfit conduct

• Failure to maintain proper accounting records

• Failure to file tax returns on time and/or refusal to pay what is due

• Utilizing company cash for personal expenses

• Exercising bias when settling with creditors during insolvency

The above is a list of some of the common causes of a disqualification,even though the complete list is longer.

Avoiding Disqualification

Here’s a little list of some of the steps you can take to avoid disqualification.

First Keep To The Rules

There are lots of reasons why the Insolvency Service might apply for an order to have you disqualified from acting as a director,as shown above. Now that you have a clear idea of what these reasons are,keeping to the rules can help you avoid disqualification altogether.

As a director,you should ensure that proper accounting records are kept,returns are filed and taxes paid within the set deadlines etc.

Have A Good Understanding Of Your Duties As A Director

If you do not fulfil the proper duties as a director your legal duties as a director} amounts to reasons for an investigation into how you are working. As such,it is essential that you familiarize yourself with all the things you have to do,in addition to doing your best to fulfil them.

Blaming your failures on ignorance or other officials working under you will not help you avoid disqualification!

Insolvency issues

Continuing to trade after the company is declared insolvent is one sure way to get disqualified. To make sure that your actions do not lead to a disqualification,be sure to seek professional insolvency advice as soon as you find out that the company is facing serious financial problems. This advice should be documented for use in any disqualification proceedings.

If trading continues even after you discover the signs of insolvency,write down the reasons why you are still trading,and keep records of how you are tracking the company’s financial health to make sure that you can identify when to cease operations.

Using the above tips will help you to avoid disqualification. However,if you do end up facing allegations that may lead to a problem,these tips can also help you explain your actions and decisions to investigators from the Insolvency Service and even a court of law.

For more assistance please do contact https://www.ndandp.co.uk

Essential Tools for Electricians

Without the right tools,electrical work cannot be well done no matter how experienced an electrician is. The list of electrician tools is getting longer every day because of the improvement of basic tools and development of new specialized tools over the years. There are must-have tools an electrician can’t do without no matter the type of work.

Choices must be made wisely to avoid being loaded with too many tools. To tackle different jobs with ease and efficiently an electrician needs the following hand and power tools.

Hand Tools

Electricians need basic hand tools to perform daily tasks. Today’s basic hand tools are safe and easy to use than their predecessors. They have improved designs that have reduced wrist and hand injuries caused by repetitive movements. You can now easily perform the same motion over and over again comfortably. Here are the basic hand tools an electrician should never lack.

1. Pliers

Pliers are critical tools especially for electricians who cut and manipulate wires. Pliers with contoured and cushioned handle provide a comfortable and powerful grip that allows an electrician to use them with ease. An electrician can have an array of pliers but the side cutting pliers,needle-nose pliers and reaming pliers are must have pliers.

2. Screwdrivers

An electrician should be armed with a variety of screwdrivers and nut drivers for a fast loosening and fastening of various hardware. Professional electricians carry adaptable screwdrivers such as Klein’s 10-in-one screwdriver that have interchangeable bits. Screwdrivers with heat treated shafts and well-cushioned handles are more preferred as they give the electrician an excellent and comfortable experience.

3. Wire Strippers

A wire stripper has a pair of opposing blades just like in scissors and a center notch that lets you cut insulations without cutting the wire. Wire strippers with curved handles are more preferred as they reduce fatigue caused by repetitive movements. Wire strippers with non-strip textured grips and a thumb guide are more comfortable and allow for faster wire stripping.

Power Tools

The ergonomic consideration in today’s corded and uncorded power tools makes them safer and easier to use. Cordless power tools are more convenient and versatile than the corded as they allow the user to move freely making the electrician more productive. Here are the two must have power tools for electricians.

1. Power Saws

The type of saw needed vary with tasks. There are various types of power saws. The portable band saw,hole saw,reciprocating saw,spiral saw,and cut-off saws are the common saws used for electrical works. They differ from one another based on how they operate. When buying an electrician’s power saw go for the one with a higher speed and has the ability to make clean cuts on metals.

2. Power Drills

Electricians like -need power drills when installing fixtures or disassembling the installed hardware to access wires. The drill and the power required is determined by the material being drilled. Multipurpose drills reduces the number of drills an electrician needs. A handheld electric drill with various grips can be used in different tasks. When buying a power cordless electric drill,battery run time and superior ergonomics should be considered.

Living with a handicapped or a disabled person takes a toll on the life and the finances of the person. With the sharp escalation of expenses,life becomes a difficult journey. It is because of this reason the amount of debt is increasing day by day as it is taking much of the expenses for the family members to take care of such an unfortunate person.

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The US Government understands the problem of these low-income groups and hence it has introduced federal debt relief grants for disabled. These grants are being distributed all across the country through different nonprofit organizations,local and state authorities,church and community agencies.

There are various benefits which government has introduced for the disabled citizens. The eligibility criteria vary from different factors such as date of disability,age of the person and level of income.

Debt settlement is a new method to debt relief for disabled. Under this program,a client can find a midway to come to terms with the creditor by reducing the amount which they owe and extending its timeline to pay off. Some of the benefits that the disabled people can get pertaining to debt relief are:

Lawful protection

In normal circumstances if a person defaults in paying off debts,the creditor can sue the person and get it settled through court. But in case of disabled,a creditor cannot do so. The creditor can still get it settled but cannot garnish it from social security,disability benefits or pensions.

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Government grants

There are many government grants pertaining to debt relief for disabled. Under Americans with Disability Act (ADA),candidates with both mental and physical disabilities are included. With Equal Employment Opportunity Commission there is a list of conditions that are applied for different kind of disabilities viz. deafness,blindness,mental retardation,autism,cancer,epilepsy,cerebral palsy,HIV and also schizophrenia.

There are even utility payments for the disabled to pay their regular bills and necessities of life. This way the unfortunate people can meet their daily payments and live a normal life.

There are telecommunications payments for the disabled which help them to maintain a consistent communication with the outer world. Under Communications Act of 1934,all the telecommunication companies ensure equivalent services for consumer with disabilities.

Alongside multiple technical provisions are being given and also protection is being given to those who exercise ADA rights from any kind of coercion and retaliation.

Debt relief grants for disabledare also one of those benefits which are being given to the handicapped and underprivileged mass. There are many local and state authorities which are disbursing payments to the families of these unfortunate people to meet their debts and credit card loans saving them from any kind of legal hassles.

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