| RedSofa launches THINK campaign.
Property investment company RedSofa have launched their latest marketing campaign - THINK. This campaign has been designed to highlight the growing trend of homeowners taking out further debt in order to prevent themselves falling into arrears with their existing monthly financial commitments.
[UKPRwire, Sat Mar 17 2007] Taking out further debt, which is usually secured against their home, is not a solution which is recommended, as this can cause further problems, as homeowners struggle to afford the increased monthly payments. By increasing the debt, homeowners just increase their risk of defaulting, and ultimately are more exposed to potentially having their home repossessed.
Research from Moneysupermarket.com has revealed that 28% of UK consumers have consolidated their debt by taking out a personal loan, 8.5 million of the 13 million consumers who consolidated in this way actually continued to borrow further through either their overdraft or additional loans.
6 Million Brits Consolidating Their Loans
The preferred method of debt consolidation in the UK is where unsecured personal loans are combined into one loan with a lower monthly payment. While this is a positive move in the short term, it can be fiscally devastating over the long-term if done in the wrong way. Unsecured personal loans are the preferred method of consolidating loans. The interest rate is normally lower than interest being charged on credit cards and store cards. Research from uSwitch.com revealed that a number of Brits who consolidate their loans continue to use their credit cards and store cards to create further debt. The number of UK consumers who apply for personal loans that are higher than the amount they need to consolidate their loans are using the extra money, not for wealth generating, but to maintain a higher lifestyle.
Springtime means back to school for candidates
RICHMONDWhat could be so important that 18 Virginia farmers and other rural residents would spend two beautiful spring days inside? School, of course. To be specific, the 2007 Campaign Academy, co-sponsored by the Virginia Farm Bureau Federation and the Virginia, Maryland & Delaware Association of Electric Cooperatives. It was held April 2-3. "We want to encourage more people from rural Virginia to run for public office and get involved in the political process. That’s the best way to represent the interests of farmers and rural Virginians," explained Andrew Smith, a VFBF senior assistant director of governmental relations. "Helping them hone their campaign skills and knowledge is an important part of that process." Investing time in learning the skills of campaigning and campaign management "will help them now and when they get elected to office," agreed Joel Rubin, president of the Rubin Communications Group in Virginia Beach.
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