Yahoo Headlines on Home Repossessions

Just as I was about to open my yahoo mail account last night, I noticed with horror the Yahoo headlines stating that home repossession orders surge. You can read the full article here.
http://uk.news.yahoo.com/rtrs/20080509/tpl-uk-britain-repossessions-orders-20b2d2f.html


Briefly, this is truly the worst news possible for all those with debt problems because they state that there are more people on the verge of losing their homes than in the early 1990's recession and according to experts, it is going to get worse.

Having lived through that particular recession, I am shocked that this is the case. Why on earth hasn't someone sitting in the comforts of Parliament or The Bank of England come up with a prevention strategy before debt problems in the housing market reached this level of disintegration? These, after all, are the people who are paid handsomely to ensure that people living in the country are protected from disastrous financial events.

I have actually heard someone recently say that a lot of people deserve their mortgage problems because they gambled on buying a house when prices were high, in the hope that they could afford it if the mortgage interest rate increased. My answer would be, with approximately 12 million mortgages in Britain alone,

1. why were house prices allowed to treble in a decade?
2. why were people allowed to borrow so much more than they could afford to repay?
3. why had the government not addressed this, knowing full well that history repeats itself as it surely has done with home repossessions?

Europe, America and all countries world wide are in similar positions with their debt problems and home repossessions. Surely one day, someone will get up and be counted and help all those who wake up every morning in the bleakness of living with their debts challenges of which home repossessions is just a part.

US home repossessions hit record high

Business & money: Slump in housing market and impact of credit crunch affect country's poorest borrowers.

Mass Home Repossessions In Our Future in the UK

Vince Cable, the deputy leader of the Liberal Democrats, has given warning of a “very real possibility of mass bankruptcy and home repossession across the country”. More borrowers could be thrown into difficulties by the abrupt ...

Australia: Families hit by rising bankruptcies and home repossessions

... broadcast on Australian television provided a timely insight into the desperate circumstances afflicting a growing number of ordinary Australians who are mired in debt and threatened with bankruptcy and the loss of their home. ...

This depressing news has to stop - and with the right frame of mind, the right tools, it can be turned around. The opportunities which are available today, where not there in the early 1990's - so for the majority of people there is a way out of the darkness of home repossessions. Click here for the free report.

Debts Challenge - How To Turn Your Debt Into A Winning Challenge

YES WE CAN – Eliminate the Debts Challenge Through Education

The big question is, can we eliminate the debts challenge faced by families all over the world through education?



YES WE CAN!

When I wrote this post, it was National Teacher Day in America. A day for thanking teachers for the continuing hard work that they give in order to ensure that their students reach the levels of attainment that they can aspire to.

Teaching children about money should start from when a young child first earns pocket money and should be taught right from the beginning exactly what the value of this money is.

When a child reaches school age and starts to learn maths, they should also be learning about the importance of money. Throughout their years of education, they should be taught how to budget, how to use credit cards, the type of mortgages they can apply for and all areas of the value of money.

However, at this moment, teachers world wide are suffering from the lack of support they are getting from the appropriate authorities. It is normal for teachers to have to work long hours, from planning lessons before the actual class, to correcting homework after the class, which is often done in the evenings or weekends.

The fact that they are working such long hours already can, not only affects their health but, the result of this can easily be affecting our future generations due of their lack of education in financial studies.

When someone in the political arena has the gumption to stand up and be counted as the person who changed the way that the education system looked at monetary issues as being a necessary part of the curriculum, then, and only then, will we be nearer the time that families will not have to suffer with the debts challenges of today.

If only there were more people like Mattye Whyte Woodridge ...

"According to the National Education Association, Arkansas teacher Mattye Whyte Woodridge began corresponding with political and education leaders about the need for a national day to honor teachers in 1944. Woodbridge wrote to Eleanor Roosevelt, who in 1953 persuaded the 81st Congress to proclaim a National Teacher Day." You can read more of this article here ... http://www.wausaudailyherald.com/apps/pbcs.dll/article?AID=/20080506/WDH0101/80506073/1981

If someone took a stance now, within a few years the younger generation would be more capable of taking full responsibility of their finances. We owe them that opportunity.

Going back to the original question of can we eliminate the debts challenge faced by families all over the world through education?

YES WE CAN!


Debts Challenge - How To Turn Your Life Into A Winning Challenge

The Fear And Worry Of Being In Debt

Every day thousands of people are waking up to the immediate thought of how they are going to survive yet another day of mounting debts. Will this be the day that they decide they cannot take it anymore?

People from all walks of life are coming to the conclusion that they have no alternative other than to destroy their own lives by committing suicide.

You just have to do a Google search for debt + suicide and you will come up with some horrendous cases of people of all ages and even in the 70's thinking about committing suicide but concerned with leaving the debts to their families. Cases include a 58 year old Mayor and the Reverend Mr Miller.

They are in such a desperate state of depression that they cannot even comprehend the pain they will be giving to the families that they leave behind – and all because of lack of money.

What a sad indictment on the rest of society that people who are going through this terrible situation, feel that they have no alternative. We have all been guilty at some time in our lives of judging a situation through our own ignorance.

In a lot of cases, they cannot comprehend the stigma of going along to get advice from the appropriate advice agencies, on how to get out of the debt and this can be because of the shame they feel. But, if only they would put their pride aside, because within no time they could be on the road to debt recovery.

A very slight change in the way that a person looks at each problem can make all the difference between life and debt. If people could just detach themselves from the emotions of the pain of being in debt and instead looks at the situation as a temporary challenge, which they can win – how much better life would be?

YOU CAN Win The Debts Challenge - CLICK HERE for FREE REPORT

Debt Free Strategies

Becoming debt free is the main objective of many people who have build up credit debts, over the last few years.

It is a worldwide problem and in the UK steps are in place to protect those people who opt for protection under the Individual Voluntary Arrangement (IVA) scheme. For a full detailed report on the new code of conduct with regard to the IVA, I would suggest that you read the following, which comes into effect from February 1st.
http://www.guardian.co.uk/money/2007/dec/16/debt

However, according to the Press Association, banks are actually pressurising people to take our further loans to clear off the debts they cannot afford to pay now. What a vicious circle. You can check out their report here ...
http://ukpress.google.com/article/
ALeqM5j5N4Ro7v7P5OBszxBDSKC2yKdRuQ

Obviously there will always be people who slip into debt through no fault of their own, i.e. health, redundancy, recessions etc. but in a lot of cases debt is due to one thing only and that is bad financial management.

I certainly believe that financial management, or budgeting, should be taught from a very early age and in school. It should really be part of the curriculum. The reason why I believe this is because during a period of my life, when helping others with their business plans etc, I was surprised to find that a lot of people did not even know how to fill out a cheque!

Amongst some of the ebooks I have written, you will find a simple system of generating money at http://www.ez4u2gowebbusiness.com/indexmain.htm - this is an eBook which I am going to relaunch and for anyone who purchases it, they will get the updated new version.

It is definitely one way of becoming debt free.

Aine
Debts Challenge

Debts Challenge - Relaunch

I am in the final throws of relaunching Debts-Challenge's Help With Debt Problem System.

In the new edition there will be more information to help anyone who wants to get out of debt and at the same time, even have fun while you are in debt. Just because you have debts does not mean that you can't afford to have fun as well. Believe me, there are loads of ways that you can give your family memorable days without spending a fortune, even holidays ...

I've also written a new large section within the ebook which shows a method you can use for earning money without any assistance from anyone else other than yourself and working at home online. It is completely free to get going. It doesn't require you to ask anyone to sign up etc, as so many internet marketing systems do.

For all those who have previously bought the original eBook, I shall be sending each and every one of you a free copy. It's my intention to update this eBook yearly and anyone who buys will get an update, as long as they send me their receipt.

Wishing you debt free happiness.
Aine

Debts Challenge - Have Fun in Debt

Have Fun In Debt - You Can!

Have Fun In Debt!

Just because you are in debt, does not mean to say that you can't have fun. There are many things you can do which are free or cost very little.

The obvious ones are, inviting friends and family over for a get together, with each family bringing something in the way of food. You could use this time to bond with your family and even play 'old fashioned' games of cards etc.

Taking your small children to the local park and devising games for them to enjoy. By accessing and preparing the situation, you could plan an event which could also include many other local children.

Taking time out to read the books which are freely available from the library. You may also find that there are many local events listed in the library boards, which you had not thought about. Also many libraries have 'children story times', which will give the children a time to be with other children and yourself, some free time nearby.

That is just three simple things you could do. There are many suggestions in my eBook and please feel free to get the FREE REPORT.

Still on a positive note, have a look at this site ... I definitely recommend it.



Aine
Debts Challenge - Have Fun in Debt