Best 2019 Reviews provides expert reviews for consumers looking to consolidate their credit card debts. A particular website, Pennon Partners, is of interest to best2019reviews.com. After a Pennon Partners review, it was determined that the same organization was also known as Jayhawk Advisors, Clay Advisors, Pine Advisors, Colony Associates, Alamo Associates, and White Mountain Partners. Pennon Partners and pennon partners com are part of the new type of Debt Consolidation Loan companies that are marketing to American consumers. Generally, they engage consumers through direct mail offers, cold calling and internet advertisements.
Debt Consolidation is the costliest in terms of borrowing money. Check the Debt Consolidation Loan reviews. They make it simple and easy to borrow money due to the highly liquid nature of the money. Younger people who are susceptible to impulse purchases are likely to become addicted to the ease of spending money they don’t currently own.
When it comes to credit cards, the smartest course of action is to have no credit cards at all. You can have one credit card if you want to account for emergency payments, but it should be used for emergencies only.
Your financial life and your personal loan offer will becomes much more manageable when you have one less thing to worry about. Credit cards, for all the flexibility they purportedly bring, make it too easy to fall in debt. It becomes a concern when you depend on them to pay for just about everything, from grocery bills to gas and utility bills, entertainment, and shopping clothing.
Most households wouldn’t find themselves in a financial stumbling block if they use their credit cards with discipline. The idea is to spend reasonably and pay off the debt before the end of every month. If nothing else, at least pay more than the minimum payment and don’t accrue more unneeded debt.
How to Determine if You Have too Much Debt
The most efficient way to calculate if you have too much debt is to use a formula known as the debt-to-income ratio or DTI.
This is the formula: recurring monthly debt / monthly income = DTI ratio.
The debt ratio can be determined in two ways, one includes mortgage, the other excludes it. The one including mortgage is often used by creditors to approve or reject a loan.
So for instance, let’s assume your debt payments every month are equal to $4000 and your monthly income is $8,000. The math for that is 4000/8000 = .50 or 50%. This is extremely high. You have way too much debt that you can handle.
Lenders prefer to work with individuals who have less than 35% or less after including mortgage or rent payment.
The other method to determine your debt to income ratio is to exclude mortgage payment. The resulting number should be less than 10% and not more. Anything larger should be a serious cause for concern.
How to Fix a Bad DTI Ratio
The best way to fix things is to lower your expenses and try increasing your income. Unfortunately, old habits die hard. Even though you may end up increasing your income, some people respond by increasing their expenses. This makes it harder to play catch up with debt and they find themselves caught in a vicious cycle.
How to Seek Help
If you feel you are too overwhelmed with your debt, the last thing you should do is to seek out quick fixes.
Things such as loans that promise no credit check must be avoided at all costs. It is important to realize they will make your situation worse, and not better. The best thing you can do is contact a nonprofit credit counseling agency that will try to seek lower interest rates on your credit card. This is known as debt management, and should usually take 3 to 5 years, leaving you debt-free at the end.
Tech and Business Companies have been Introducing Online Mental Strength Training for their Employees
A survey carried out in the technology and business world has highlighted that tech and business companies have been paying a lot of focus on providing mental health training to their employees. According to the survey, the sole motive of this step is to help employees complete their daily tasks in less amount of time. In addition to this, tech and business companies owners want to help their employees in maintaining the work-life balance in their lives.
A lot of employees working in different tech and business companies fail to do their work with high efficiency due to mental issues. Hence, many employers are providing online mental strength training to their employees to help them deal with different challenges in their professional lives. In today’s cut-throat competition, high work pressure makes it difficult for working professionals to cope with the increasing mental stress and it eventually affects their overall performance to a great extent.
Many online sources are raising various mental health issues prevailing in the technology and business world. The online platform, kev’s best provides all the crucial updates and independent reviews about the working of different companies in the technology and the business sector. In addition to this, it also highlights mental health issues and relationship concerns in the business world by reviewing the working of different businesses.
In the survey, many working professionals have admitted about the benefits they have received by taking part in the online mental health training sessions. They have been able to see an improvement in their work efficiency and it has provided them with a high level of mental well-being.
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