Credit card (CC) issuers are facing tough competition and one of the best marketing strategies they came up with are low interest cards. Obviously, people are more attracted to a low interest rate CC and they're most likely to pay attention to these credit cards compared to CC's with standard rates and costs.What are the benefits of having low interest CC's? Are they really as good as they promise to be? Which particular low interest credit...more
BackgroundAccounting has been defined by the profession as The art of recording, classifying, and summarising, in terms of money, transactions and events which are, essentially, financial in nature, and interpreting the results accordingly.Accounting relates to the dissemination and measurement of financial information by accountancy professionals to establish the level of performance of an organisation. The culmination of such analysis is the...more
History of AccountingBeyond Luca PacioliIn 1543, it is believed that the first book on accounting to be published in English was by John Gough. Entitled Debtor and Creditor, it was portrayed as A Profitable Treatyce.In 1588, John Mellis of Southwark published a book which consisted of a series of instructions based on accounting principles. He refers to the fact that his book makes use of ancient copies of a manuscript printed in August 1543 by a schoolmaster called Hugh Oldcastle, who was a schoolmaster and taught Arithmetic. Mellis draws attention to the fact that the accounting principles he refers to are after the former of Venice, a clear reference to Luca Pacioli. The principles to which Mellis ascribed were, in fact, a simple system of double entry. In 1635, Richard Dafforne, an accountant, published a book which was described as The Merchants Mirrour, or alternatively as directions for the perfect ordering and keeping of his (the merchant) accounts formed by way of Debitor and Creditor. Dafforne makes reference to a number of early books on the subject of accountancy. There is a chapter entitled Opinion of Book-keeping's Antiquity" in which he...more
The price of properties has fallen drastically since the advent of the credit crunch.The main effect was found in the mortgage and secured loan markets.Secured home loans require the security of the bricks and mortar value of a property, and they depend to a large extent on property value.In addition to property prices decreasing the number of...more
For the married couple, it is truly essential that an estate is properly structured, legally protected, and the disposition of assets in the case of separation clearly defined. If you have not yet started a trust for your assets as a property investor, perhaps this scenario will convince you of the need to do so.The Case of the Trust-Less DivorceIn...more
When financial woes hit a married couple the unfortunate outcome is often a divorce. Of course, this means the division of assets, along with the usual amount of bickering over that division. But if those assets are in a trust, what happens?The Creation of the TrustFor the property investor or any other type of investor, a trust is always recommended for placing assets. Do take some care, however, before creating the trust. An individual's rights to the assets are affected by this legal structure, so it is a good idea to consult a lawyer.Property Relationship AgreementIn the case of a married couple, the two parties should also enter into a Property Relationship Agreement (PRA). This component is essential for laying out exactly what happens to the property in the future, particularly in the case of separation. The PRA prevents the parties from having to go to court and argue the disposition of assets.The PRA covers such matters as who owns what assets before they are placed in the trust. Additionally, the disposition of those assets upon separation is laid out in exact terms, such as provisions for sale of property and using the assets to repay outstanding loans.The agreement is...more
Here are 5 signs that you either have a major debt problem on your hands, or you are headed in that direction:1. You have no clue how much total debt you have. A sure sign that you are either in trouble, or are on the brink, is not knowing how much...more
If you are going through the ordeal of a foreclosure on your home, you will need stop foreclosure help right away. Stop foreclosure help can come in many forms for the homeowner. A homeowner can seek the help from a lawyer or foreclosure...more
The UK economy has rarely been so seriously bad.The UK has only previously been in such financial crisis when at war.It was to be hoped that the Budget this week might contain some little gems that would help the recovery but unfortunately this was...more
Anyone who has a poor credit rating will find that obtaining credit is very difficult. These people are seen as a large risk by companys who offer credit. However many people with bad credit still want to have a credit card to make purchases. Whilst...more
When you decide to get a credit card your first instinct might be to go straight to whoever you bank with and enquire about their credit cards. At one point this was virtually the only way of getting a credit card for the majority of people, but it...more
There are certain things in life that no one really looks forward to doing. These are the things that seem to take forever to accomplish and are not very interesting. Searching for the right credit card is one of those things, but it really needs to...more