Debt Consolidation Loans Program: The Elixir to Debt Woes

Debts are serious vices which can inflict severe damage to your personal finances. If debts are not tackled in time, it can reach to some unmanageable proportions and you may have to face the severe consequences of bankruptcy. And, it is imperative that you must out in serious efforts so as to avoid bankruptcy. One of the smart debt solutions available to you is to opt for debt consolidation loans program. The major advantage of this program lies in the fact that it does hurt your credit score negatively. Rather, if you make regular payments, your credit score is actually increased. On the other hand, bankruptcy is the last resort available to you. If you file for bankruptcy, you have to go through the painful court processing as well as bankruptcy inflicts permanent damage to your credit score. Moreover, it jeopardizes your chances of obtaining a new loan with favorable terms and conditions.

If you are into debts and make delay or default in making payments to your credits, you are likely to get harassing collection calls from the creditors or the collection agencies. And, if you ignore these collection calls, the consequences may be graver. Your creditors are legally permitted take you to the court. And in some cases your wages may also be garnished. So, instead of completely ignoring the harassing collection calls, you should explain your financial situation to your creditors and request for rescheduling your debt repayment. Even if you face hardship in making multiple payments to your creditors, you can opt for debt consolidation program.

Debt consolidation is a very popular debt elimination program which combines all your unsecured debts into a single big debt and you are required to make single monthly payment. Your monthly payment amount is also reduced in comparison to the total monthly payments that you were paying before opting for debt consolidation program. And, by making the single monthly payment for a certain period of time, you finally become free of your debts.

Whatsoever, in the debt consolidation program, it is very much important to find a genuine debt consolidation company first. This is very much important because if you are caught in the hands of an unethical consolidation company, your endeavors to eliminate your debts are aborted. And, in order to find a genuine consolidation company, you can consult with your friends and relatives who have already undergone the debt consolidation exercise successfully. Whatsoever, it is recommended that you must check the genuineness of the debt consolidation company that you have chosen with the Better Business Bureau (BBB) website. If your chosen company has unblemished records with BBB, you can be rest assured about its credibility.

The consolidation loans company then assesses your financial situation and decides upon your single monthly payment amount after consultation with your creditors. You are then required to pay the single monthly amount to the consolidation company, who then distributes the amount to your creditors.


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Stock Market Trading Participants

Prof. Jay G. Peñaflor, our speaker in the BusinessCoach’s How to Invest in the Stock Market seminar, lectured us who are the participants in the stock market trading. In the Philippine Stock Market settings, they are Philippine Stock Exchange (PSE), Publicly Listed Companies, Trading Participants or Stockbrokers, and Stockholders or Investors.

1. Philippine Stock Exchange (PSE)
The role of the PSE goes beyond bringing buyers and sellers together and facilitating sales and purchase of stocks. It makes sure that these transactions are done in an efficient , orderly, fair, and transparent manner. It enforces rules and regulations that its members (publicly listed companies and trading participants) must strictly abide by. In this way, the PSE fulfills its function as the guardians of the stock market.

The PSE also plays a key role in bringing about economic development by providing a centralized environment where companies in need of capital have easier access to funds through stock investors. Companies can sell their shares through Initial Public Offering (IPO) to potential investors. Through this, they can expand their business to produce more goods and services as well as create more jobs. The investing public can own a part of the company with the assurance that their investment interests are safeguarded by the PSE.

2. Publicly Listed Companies
A company becomes publicly listed when its shares are traded in the Philippine Stock Exchange. To become publicly listed company, a company must meet the stringent listing and reportorial requirements of the PSE to safeguard the investor’s interests and ensure transparency.

3. Trading Participants or Stockbrokers
A Stockbroker or Trading Participant acts as an agent/broker between buyer and seller of stocks in the stock market. A Trading Participant is licensed by the SEC (Securities and Exchange Commission) and is a member of the PSE, authorized to execute orders for purchases or sales of stocks.

4. Stockholders or Investors
Investors in stocks or stockholders are those who own shares of stocks of a publicly listed company, at least until the time that they decide to sell them. Stockholders are accorded certain rights set by the PSE. These rights are accorded to them by the company they have now become part owners of.

Learn How Publicly Traded Companies Stocks Traded >>>

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How Do I Start Investing in the Philippine Stock Market

In the BusinessCoach’s How to Invest in the Stock Market seminar I attended last April 16, 2011, Jay G. Peñaflor, a Philippine Stock Exchange Sr. Market Education Specialist, told us participants that getting started in the stock market is a simple process. He revealed to us the four-step process and i.e:

1. Choosing a stockbroker or trading participant.
2. Opening a stockbrokerage account.
3. Placing order to buy best stocks or sell stocks either online or by making a phone call to stock broker.
4. Monitoring and keeping tract of investments.

How do I Choose a Stockbroker?
Mr. Peñaflor told us that there are over 100 licensed stockbrokers accredited by the PSE. Our choice of stockbroker should depend on the type of service we will require and who will best suit our needs. The types of stockbrokers can be classified into Traditional and Online (via Internet).

Traditional brokers are those who assign a licensed salesman to handle our account and take our orders via a written or through phone call.

While Online brokers are those whose main interface with their customer is through the internet. Clients execute their orders and access market information directly online.

Stockbrokers vary in the range of services they offer and the types of customers they serve such as:
*Handling institutional or corporate accounts versus individual retail customers
*Providing advisory services
*Providing research and analysis
*Providing investor education seminars and market briefings

Mr. Peñaflor said that we can get a complete list of accredited stockbrokers of the Philippine Stock Exchange either by visiting or contacting the PSE at (632) 688-7600.

Learn Who are the Stock Market Participants >>>


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