Everyone borrows money from the financial market at one or the other time to meet some urgent needs. But, at that time we don’t realise that taking various debts from different lenders may become a burden one day. If you too are facing the same circumstances then debt management can prove to be the best solution to all your worries.
Debt management programs can be defined as an informal process of negotiations with the creditor to obtain a reduction in the interest rate levied or to reduce contractual repayment. The negotiation process involves giving proof to the creditors that the debtor has insufficient funds to meet all the debt obligations.
Debt management is a fair and growing service in the UK. Debt problems usually occur due to circumstances which are beyond a person’s control. Debt management not only helps in reducing a borrower’s monthly payment but aims at eliminating all his debts. Borrowers get the benefit to consolidate their debts that are as low £3000 to a maximum of £250,000. Some lenders may even help in eliminating a higher amount of borrower’s debt.
Debt management is open to all. Good credit people, bad credit people or people with bankruptcy, CCJs or bankruptcy. Debt management by managing debts of a debtor can help in improving his credit score by making him accountable to a single low monthly payment.
There are various tools available for debt management. Debt management on a smaller scale is known as debt counselling. The idea is to offer knowledge to the individuals. It involves various debt management techniques-
1. Expenditure should be restricted proportionately to the income
2. In case a debt has incurred, proper arrangements must be made for its repayment
Another important tool for debt management is debt consolidation loans. The loan provider helps in the settlement of debts. This loan helps in consolidating the existing debts of borrower. It aims to make the repayments affordable by lowering the interest rates.
Borrowers can make efficient use of the expertise of the debt management agencies which they have gained through years of work in this field. Debt management representatives working with debt management agencies give borrower’s the power to get out of debt. They negotiate with the creditors on behalf of the borrower.
Debt management plans are formulated by the debt management representatives or consultants. It can help a debtor to repay the debts at an amount that is affordable. Debt management plan consolidates all the unsecured debts of an individual into a single monthly repayment which is then paid to the creditors on a pro rata basis over an agreed period of time often 4 years or more by the agency which is managing your debts. Trained debt management consultants calculate this amount in assistance with the debtor by thoroughly reviewing his financial position.
You need to stay aware of the fact that as every coin has too faces. There is one more aspect of debt management you need to look at. Most of the debt managers charge hefty fee for this service. But there are debt managers who can do this job for you at a low fee or for free. So you need to keep your eyes and ears open before you decide to opt for debt management.
There are various debt management agencies in the finance market. Look for debt managers who can offer you this service at low cost with maximum benefits. Borrowers can search for debt managing agencies online too. Internet can help you access infinite number of debt management agencies from your home or office computer. The online process saves your time and efforts.
Debt management can make you debt free. But you need to maintain discipline in your life so that you may not fall into the same debt trap in future.
Prepare the New Factory, Foremost in the Sale
Jakarta - entered the age 95 years, PT HM Sampoerna TBK continued to work hard to maintain the position as that was foremost. One of them by preparing the new factory that would beroprasi on the end of this year. The business machine of PT HM Sampoerna Tbk (HMSP) continued to howl. At this time, the company was dusting in Karawang International Industry City, West Java. Director Komunikasi HMSP Niken Rachmad proposed, this factory will operate this year end. "Now continued to be done by us." It was final that this year must operate, he said yesterday (25/8).
The factory in Karawang equipped the expansion of the company that will occur again the 95th year on Wednesday (28/8) the day after tomorrow this in this year. According to Niken, the factory was planned to equip the SKM factory (cigarettes kretek the machine) property of the company in East Java. "As the addition" of "raw material supplies for factories outside East Java or Java next west in a general manner," obviously him.
With the presence of this factory, the distribution of the company in the West Javanese territory and surrounding area will become more efficient, especially in the matter of raw material supplies to more than 30 Sampoerna production partners. The factory in Karawang also will become the centre of the processing of tobacco and the clove, equipped similar facilities available in Pandaan, Pasuruan. HMSP spent the fund around USD 300 million or Rp 2.8 trillion for the need of the development of this factory. His capacity 9 billion rods per warsa. The factory stood on the land measuring 58 hectare, with the production capacity of the processing of the clove raw material and tobacco as big as 15 ton per the hour.
"We will absorb thousands of manpower because in the same factory was gotten by packaging facilities" of "cigarettes," he said. Entered his age that was 95th, Niken said, the company became the manufacturer of foremost cigarettes. Per the first semester 2008, the HMSP sale reached Rp 16.69 trillion, grew 15.6 percent were compared paro first warsa then. The achievement of this sale to that was highest among all the manufacturer of cigarettes in Indonesia. "This certainly became pride," said Niken.
In order to commemorate the 95th birthday also, yesterday the company gave the appreciation to 798 employees who worked for 25 years. The "employee got the Sampoerna gold brooch." His recipient was the employee from all over the division and the factory, he explained.
The closest HMSP competitor in the matter of the sale of being PT Gudang Garam Tbk (GGRM). The company that had headquarters in Kediri recorded the sale per the first semester 2008 of Rp 15.056 trillion or grew 12.19 percent against the same period last year. Was based on this newspaper note, the two manufacturers of cigarettes that together based in East Java uptil now indeed pursued each other to that was foremost. However, in a manner assets, GGRM was still being superior on HMSP.
In Quote from : (Jawapos.com)
(On Wednesday, August 27 2008)
The sale of the Car 2008 targets 570 Thousand units
Moreover, said Johnny, if the economic situation stayed conducive, it was not impossible the sales figure 600,000 units will be reached. The main thing is', the record' of the 'sale 2005 that of 533 thousand units must break', he said. Nevertheless, continued he, all the perpetrators of the automotive industry must continue to guard against the development of the economic situation. Because, 'at this time the anomaly in the automotive market was happening national', mentioned he.
According to Johnny that also Vice Chairman Gabungan of the Industry of Kendaraan Bermotor Indonesia (Gaikindo), several fundamental factors like the height of the price of oil that was followed by the rise in the price of FUEL OIL in Indonesia, bounced him the price of the commodity like the steel and plastic, as well as tren the rise in the interest, ought to become the difficult pressure for the automotive industry. But', the sale precisely rose, this that his name the anomaly', obviously him.
Beforehand, General Chairman Gaikindo Bambang Trisulo said, his side was still continuing to hold the conservative target 520,000 units. According to him, this target was based on upper anticipation not yet he explained the policy direction of the interest. Because, continued he, if the Indonesian Bank again increased the interest on 9 percent and that was followed by the rise in the interest by the funding company, then the automotive sector will at once be stricken. Because, '80 percent purchase were indeed carried out in a manner credit', he explained.
About the Toyota market, Johnny optimistic could achieve the sales figure 194,000 units. Till July 2008, the Toyota sale already 119,087 units.
In Quote from : (Jawapos.com)
