Be Debt Free

Simon Hemmings




Debt management is a tool that everyone should master, especially people who borrow or loan money regularly. By having a secure debt consolidation loan is one such technique that will help eliminate you debts effortlessly. We all have several debt which are hard to maintain and keep track but having the one secured debt consolidation loan you will be able to manage with ease.

Secured debt consolidation loans are basically a secured personal loans, where the customer consolidates all his debts, which may be in form of store cards, credit cards or other small personal loans he has obtained in the past. Purpose of secured debt consolidation loans is to reduce interest premiums and thereby reducing monthly repayments.

Foe example you may have three current loans that you are servicing whcih have interest rates of 18,19 and 20%, which will work out at around 20% on average, with your new Secured debt consolidation loan you can lower the interest rate to around 6 to 17% depending on the bank.

The process of debt consolidation:

• Calculate all the debts that you have taken from different creditors ready to discuss with new lender.

• Consolidate all the debts that you would be required to pay. This is to be done by the borrowers themselves.

• The next step on the part of the lender is to negotiate with the creditors for a full and final settlement of their debts.

• Finally, the lender pays creditors the negotiated amount.

People can save time by applying there secured debt consolidation loan onlinewhere they can find variable information like secure loan calculator, secured loan quotes,etc.

Other benefits of applying for secured loan for debt consolidation online is that one can get loans processed quickly. All you need to do is log on to the site and give your details. The processing of your loan will begin in an instance, leading to a quick approvalnd speedy cash.

Features of secured debt consolidation loans are:

• Secured debt consolidation loans require the borrower to render collateral for purpose of loan.

• Secured debt consolidation loans carry a lower rate of interest, thus making them more attractive to customers.

• They are  repayable over a longer period of time, which may range from 10 – 30 years at affordable installments.

Many people think that they cannot get loans if they have bad credit, CCJs, arrears, or bankruptcy. This is not true. People with bad credit can also get secured debt consolidation loans. However, it may not be possible for you to get loans at lower interest rates or at easy repayment plans due to there poor credit rating.

“Putting all your eggs in one basket” according to an old proverb may be considered unwise in a different set of circumstances, but with a secured debt consolidation loans it is advisable to consolidate your loans intoone single loan where you can manage easier.

Chi M


The following is a excerpt from Lucent Technologies Management?

Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?

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My wife and I each make about $50,000 a year, we both have credit card debt and student loans. we bought a house last year, so mortgage payments too, and we have two boys (12 & 15)

So far we have been ok, but I don’t feel we are getting ahead with our debt reduction. The house market is starting to go down, and interest rates will go up.

Every time I suggest we make a budget and cut some luxuries (like cable TV) she gets mad and accuses me of not trusting her with our banking. Now she also has her mind set on buying a new washer/dryer! the set we have are old (about 15 years) and normal capacity, but they WORK. She insists that we need new, larger capacity ones.

I will probably get a bonus for Xmas, and she wants to use it for the washer/dryer.

We’ve already borrowed money from her parents twice, and I can’t ask my parents for any. What we NEED is a budget, but she won’t talk about it!

What do i do? I thought about asking her parents to intervene, but that might make it worse.

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