Why is it important to carry out a waste management audit for building sites?

Commercial waste has become a major issue in today’s world. Not only the construction site managers, but the world we live in is also impacted by the negative impact of improper waste management. Several methods are available for them to minimize the waste that is generated at the construction site. Conducting a waste management audit can be considered as the best option out of them.

Ability to save a considerable amount of money can be considered as the most important benefit that is associated with waste management audits. One of the primary objectives of construction sites is to save money as much as possible. With proper waste management audits, they will be able to achieve that objective. That’s because a large amount of money is being wasted due to improper waste management. With the waste management audits, it is possible for the construction site managers to get a clear understanding about the streams where money is being wasted unnecessarily. Then they will be able to apply appropriate solutions in order to minimize the wastage. For example, if the construction site managers realize that a lot of resources bought for the project end up in waste, they can think about minimizing the purchase of resources. Such practices have the ability to help people save a considerable amount of money in the long run. These benefits can be passed onto the clients and stakeholders as well.

Effective waste management audits should be done by taking few important parameters into account. They include:

  • Estimating the amount of waste in tonnes generated for £100,000 of the construction value.
  • Estimating the amount of waste generated for 1000 sq. meters of floor space in construction site.
  • Estimating the percentage of waste that is diverted from landfill.
  • Estimating the percentage of recycled content achieved.

These four parameters are in a position to give an overall picture of the amount of waste that is generated by a project. Therefore, the construction site managers can think about launching a waste management audit based on them without keeping any doubts on mind. Instead of having a one-time audit, it would be a good idea to have several audits and get the result of all as the final outcome. This will help the auditors to arrive at a more robust outcome. In other words, the results obtained from such a comprehensive auditing would never be incorrect. Therefore, people who are looking forward to use the gathered data can use them without keeping any doubts on mind.

Waste management audits have the ability to create a positive impact on the environment as well. As you already know, the disposal of waste can ruin the world we live in. With effective waste management audits, you will be able to contribute towards the betterment of the world as well. Therefore, you must pay special attention towards it and make sure to eliminate the generation of unnecessary waste at the construction site.

Top 3 Money Saving Tips Everyone Can Use

With the economy still feeling sorry for itself and consumer spending still thin on the ground there has never been a better time to tighten ship and save some money. The trouble is, it’s all too easy to say you will save money but without an actionable plan, your best efforts will fall by the wayside. In recognizing this, we have decided to get some personal finance tips together to give you a good head start.

  1. Spend less than you earn. This is a fairly obvious statement but it’s the absolute backbone of succeeding in avoiding debt. If your expenditure is more than your income every single month, you don’t need to be a genius to work out something needs to change. First things first, sit down and work out exactly where all your money’s going by writing down all your expenditure and don’t miss anything out. Actually, the best way to do it is by recording your spending for a month. Once you have your list, start knocking off as many as you can until you are spending less than you earn. If it means canceling your television channels, gym membership or that nice meal it has to be done because if you don’t have it, you simply can’t spend it.
  2. Pay off your credit card debt. Pay them off and then cut them up into little pieces. Credit cards encourage you to spend much more than you earn and then they charge you through the nose for the pleasure. If you have outstanding credit card debt, get it paid off as soon as you can. Paying off the minimum payments isn’t enough either as it hardly covers the interest. You need to pay off as much as you can and never use them again, this also goes for store cards.
  3. Start saving. Some other useful money saving tips might involve saving on your bills, saving on groceries with coupons, saving on your heating bill by winterizing your home, and saving on your water bill by using less. There are hundreds if not thousands of little things you can do right now to start saving money. The trick is to put more and more of them to use every day until it becomes a habit. The more savings you have in the bank, the more insurance you have when things go wrong. You don’t have to save a fortune either, a small amount each week will go a long way. For many, retirement might seem like light years away, but it has the tendency to sneak up on you before you know it. It would be wise to put these and other money saving tips into practice in order to be better your tomorrow.

How Politics Are Affecting The Markets

Political events have a critical role to play when it comes to trading CFDs. Significant political moves impact the markets in numerous ways, which in turn, affects how traders conduct business. One such occasion that traders have been keeping an eye on is the Italian Referendum that took place on 4 December. Prime Minister Matteo Renzi lost the referendum, and per his word, will resign from the government. The Italian Referendum sought to reform the constitution by reducing the powers of the second chamber. If it had passed, the new regulation would have allowed new laws to go through the lower house only to pass.

The Proposed Reforms

Part of the reforms also sought to cut the number of senators in government down to a 100, almost a third of the current figure. Mr Renzi’s argument for the reforms, besides cost-cutting, was that they were going to give Italy stability that it hadn’t been able to achieve. However, the opposition to the reforms cited the concentrated powers that prime ministers would have under the new laws. It would make it challenging to institute the right checks and balances. Matteo Renzi promised to step down in the case of a “No” vote. It means that the country will have to operate under a caretaker government after his resignation. Among other things, the economic policies of Italy are likely to undergo a serious overhaul, and that could mean several things for markets.

Market Implications

The consequences of the referendum vote have already started as the Euro took a hit in Asia early on Monday 5 December. The single currency that stood at 1.06683 against the USD dropped to 1.05328. CFD traders with brokers like CMC Markets can keep close watch of how these trends continue to play out during the week. There have been worries already about the struggles that Italy has had with its economy. These results only serve to augment those concerns as the country’s stability comes to question.

The largest threat that a no vote poses is the position of Italy in the Eurozone. The country is eurozone’s number 3 economy, meaning its financial wellbeing impacts the whole region. This loss gives power to the populist 5 Star Movement, which could decide to vote on the membership of Italy in the eurozone. Such uncertainty is what has investors worried. With matters being undecided, economic reform activities may take a back seat, and that will continue to destabilise Italy’s financial position. The European Union has had many struggles with forces recently and that this loss only serves to increase them. Unexpected elections in Italy could mean an anti-eurozone government, which would weaken the European Union’s financial standing globally.

Italy’s banking system is set to get most of the blowback from the rejection of the constitution reforms and subsequent resignation of the Prime Minister. Banking institutions such as Banca Monte Dei Paschi di Siena were already having trouble even before the referendum vote.

Banks have been dealing with nonperforming loans and massive inventories that have put fear in investors. A majority of financial analysts predicted that a no vote might lead to a bailout of lenders. New leadership may mean a recapitalization problem for Italian banks, creating a domino effect to other institutions. Such occurrences will continue to deter indices from taking an upward trend, which in turn impacts trading.

Spain is beginning to feel the effects of the Italian Referendum with government bonds losing a bit of speed. In early Monday trading, 10-year Spanish government bonds saw their yields stand at 1.613%, a 0.6 percentage point rise. Just before the elections, the Italian government bonds were trading at the highest they have ever been since 2012. A bond market selloff ahead of the referendum vote has seen the two European economies experience a considerable difference with their counterparts.

Very many factors influence CFD trading. Even though a trader does not own the instruments, political events such as the referendum determine market movements. The post-voting environment could result in very many changes, but traders cannot be completely certain what some of them are.

With the Fed raising interest rates in December, the Euro may take a stronger stand on the market. If a strong and credible caretaker government is in place, then the political implications of the vote may not be as bad as predicted. Italy’s political issues are not new, and most traders have learned it strategize around them.

How To Choose Best Bank Account Available

Earning money is difficult at the best of times, especially during the recession we have had to live in. The last thing you want is to place it in a bank account that isn’t going to work as hard for you as you do for it! For this very reason it is important you scrutinize the many bank accounts and savings accounts. Do not be put off by the many different forms bank accounts take! In this short article we will look at just a couple of best bank account available to you, they are:

  • The basic account
  • The current account
  • The savings account

If the urge to spend more money than you earn is a problem for you, take control of your finances with a basic account. This will allow you to withdraw your money and pay all your bills, however you can never become overdrawn, thus avoiding ever going into debt. This appeals too many different people as it forces them to be disciplined as self-control can be difficult.

The basic account also allows the customer to have a debit card, allowing purchases to be made at all the usual places, however just like before with cash you will never be allowed to go into debt, however bear in mind that you will not receive a chequebook and an overdraft is obviously out of the question regardless of any circumstances.

The alternative bank account is the “Current Account”, just like the basic account this is used to take out money and settle debts, however the current account requires that you take more control over your spending as it can be easy to go beyond your available funds, and therefore into debt. Despite this, it is far and away the most common stye of bank account across the whole world.

With a current account you will recieve a chequebook, this can be very handy in certain stores that will not accept anything else. This also allows you to have greater micro-management of your bank account dealings, for example you can create standing orders and direct debits to pay for certain things such as rent, or mobile phone contracts. And of course you will be able to setup an overdraft at the banks approval.

Our final form of account is the “Savings Account”, as the name suggests this type of account is used to invest your money into savings to be used at a later date. There is a wide variety of savings accounts and you should bear in mind all of them before deciding which you would choose from.

No matter what bank account you choose, they will all increase your funds providing you have a positive balance. It can be difficult to determine which accounts will provide the most return for the hard earned cash you have made. If you are looking for further advice in this regard you should examine Bank Accounts Advice for impartial and unbiased information regarding bank accounts.

Investing Your Way Through A Minefield

When the decision is made to start an investment portfolio most people naturally look for the maximum return with the lowest amount of risk. Nowadays, the volatility of markets makes this a difficult, if not impossible task, to accurately and consistently make sound predictions. This years Brexit vote has undoubtedly been a big factor in further creating domestic unrest, disrupting supply and demand and fuelling huge speculation and expectations which ultimately disrupt financial markets. So how does a savvy investor weave their way around this increasingly complex investment minefield and successfully manage to reach their goals?

Diversify
In order to balance risk many investors are choosing to diversify their portfolio. Lots of fund managers are taking a multi-asset approach, diversify by asset class and geographic region. These funds usually reap the benfits of the expertise of the fund manager using their knowwledge to create positive results.

Global Investing
By building a diversified portoflio that is segmented by geographic region, industry, asset class and investment strategy, fund managers can learn which strategy produces positive results by testing how to markets behaves in different volatile markets. Not only that, fund managers can quickly adapt their strategy to follow the best route to a successful portfolio.

Professional fund managers such as those at True Potential Portfolios, have worldwide partners and 5000 staff in more than 200 worldwide locations. This helps them to have first hand information about the local and global markets and use this for analysis to create a sound strategy based on strength of experience and in depth outlook.
If you are going to get started in becoming a serious investor then we recommend getting a consultation and speak to professionals for a highger chance of yielding better returns and minimising risks in losing your money.

Can blockchains prevent cyber crime?

In the light of a recent heist of the Bangladesh Bank account from the New York Federal Reserve that resulted in cyber criminals making off with $81 million, many in investment banking are questioning whether there is a need to review financial software to improve cyber security measures within their institutions.

While the recent heist was foiled to prevent the intended transfer of $1billion dollars from the Bangladesh’s central bank account, it still raises some concerns as to how and why the fraudulent activity wasn’t detected earlier and how it could be prevented in the future.

The failure of the system

The whole premise behind the heist involved using the centrally governed SWIFT (Society for Worldwide Interbank Financial Telecommunication) messaging system that is universally used and trusted by over 11,000 members. Using this system, the cyber hackers stole the SWIFT credentials and sent 35 fraudulent messages in one day, requesting transfers totalling $1billion from the Bangladesh Bank to individual accounts. While looking at the Bangladesh Bank account history should have already indicated something suspicions to the NY Federal Reserve, it didn’t. And it appears that the detection of the fraudulent messages was in fact a stroke of luck, rather than deliberate detection.

Initially the 35 messages were rejected by the NY Fed because they missed vital information, but on resubmission by the hackers with the correct information supplied, 5 got through. However, the others were rejected by chance as the street name for the recipient bank in the Philippines was Jupiter Street, which just happens to be an Iranian oil tanker and shipping outfit that is under US sanctions.

Blockchains – a possible solution?

The scale of the recent heist has emphasised that despite numerous fortifications against cyber criminals, bank institutions are still vulnerable to tried and trusted methods of sophisticated cyber theft.

However, financial industry experts such as Samee Zafar, from Edgar Dunn Company, talk about whether the basic principles of Blockchain and distributed ledgers could be a possible solution for protecting the world banks.

Blockchain was originally developed for Bitcoin, a virtual currency, providing a decentralised system using a network of different computers to write coded ledgers that create an irrefutable and incorruptible record of past transactions in individual Blockchains. These Blockchains are shared publicly as part of the decentralised system, meaning no central authority is required to process or record transactions, therefore making interactions safe, secure and trusted.

The structure of the Blockchain was specifically designed to create ledgers within an automated system; but distributed ledgers can offer a more comprehensive and robust system that can be supported by all types of systems. This would allow banks to implement varying levels of control and permissions within the system for greater flexibility, rather than be autonomous.

The current landscape

At present other than the SWIFT system, there is not much of a unified approach to risk assessment and management. The responsibility to carry out risk assessments and implement risk management systems currently falls to the individual institutions and happens internally, which has lead differing best practices and procedures across the board. This could make smaller banks with less sophisticated risk management systems more vulnerable to cyber attacks.

But with a distributed ledger system that is fully integrated across all banking systems worldwide, it could deliver much better cyber security. As much of the distributed ledgers are automated and the ledger history is ubiquitous and unchangeable, detailing a linear and chronological Blockchain of transaction history, it is not possible to delete or alter past transactions, so potential high-tech cyber attacks could be prevented before they happen.

With this in mind, it seems that many of the world’s central banks such as Goldman Sachs, JP Morgan, Citigroup, Wells Fargo and Bank of America are already experimenting with Blockchain. However, it’s worth noting that at this stage, much of the motivation behind this is economic rather than preventing cyber attacks. It’s thought that Blockchain could lead to significant operational savings, which would inevitably be beneficial, and preventing cyber-fraud in the process would be an added bonus.

When it comes to investment banking, the need to cover the eventuality of cyber criminality is key to protecting capital. Therefore, investing in a robust and reliable level of finance software is essential.

 

5 Ѕtrаngе Вut Сrеаtіvе Реrsоnаl Fіnаnсе Тірs

І guеss mоst оf уоu аrе аwаrе аbоut thе shrіnkіng glоbаl есоnоmу unlеss уоu hаvе bееn hіdіng іn Ніmаlауаs sіnсе lаst twо уеаrs оr mоrе. Моnеу mаkіng, іn tоdау’s sсеnаrіо, іs nоt еаsу аt аll. Yоu hаvе tо сut dоwn оn уоur grосеrіеs, wоrk 15 hоurs іnstеаd оf 8, stор раrtуіng, аnd уеt уоu dо nоt sаvе а nеglіgіblе аmоunt tо рау оff уоur сrеdіt саrd bіll.

Yоu sау “І аm trуіng еvеrуthіng tо реrk uр mу fіnаnсіаl stаbіlіtу.” І аm surе уоu аrеn’t. Веlоw аrе sоmе strаngе but smаrt реrsоnаl fіnаnсе tірs tо еаrn quісklу.

1. Меdісаl Rеsеаrсh

Νо, І аm nоt аskіng уоu tо dо а mеdісаl rеsеаrсh. Тhаt wіll bе dоnе bу dосtоrs аnd рhуsісіаns. Yоu јust nееd tо lеnd уоur bоdу fоr rеsеаrсh. Іt іsn’t аs blооdсurdlіng аs іt sоunds bесаusе аll trіаls аnd tеst аrе соnduсtеd undеr ехреrt suреrvіsіоn аnd thеу hаvе tо аdhеrе tо аustеrе lаws. І dо nоt knоw аbоut rеst оf thе соuntrіеs, but іn UЅ thеу mаkе surе уоur bоdу іs sаfе whіlе соnduсtіng thе tеsts. Νоrmаl trіаls іnсludе drugs dоsаgе tеstіng whісh hаs аlrеаdу bееn sсruрulоuslу tеstеd, but nоt оn humаns.

Іt іs nоt nесеssаrу tо bе іn gооd shаре tо gеt іnvоlvеd bесаusе drugs аrе nоt fоr hеаlthу реорlе. Аlthоugh sоmе rеsеаrсh sееk а hеаlthу bоdу, mоst оf thеm аrе lооkіng fоr smоkеrs, оr оbеsе, оr аsthmа раtіеnts. Тhоsе іntеrеstеd, bе рrераrеd fоr dіmіnutіvе sіdе еffесts.

2. Тrаdе іn blооd

Dоnаtіng уоur blооd іs а vіrtuе. Вut іt іs аn орроrtunіtу іn rесеssіоn tіmеs. Іn UЅ, уоu саn еаrn uр tо $40 реr dоnаtіоn. Іt іs соmрlеtеlу sаfе tо gіvе а bоttlе оf blооd frоm уоur bоdу аt аnу gіvеn tіmе. Нumаns rесоvеr thе lоst blооd wіthіn а dау. Тhаt mеаns уоu саn еаrn $40 реr dау. Ноwеvеr, іt’s nоt аdvіsаblе tо dоnаtе оn а dаіlу bаsіs.

Тhеsе strаngе реrsоnаl fіnаnсе tірs аrе quіtе usеful аnd іnехреnsіvе, аrе nоt thеу? Rеаd оn.

3. Тrаdе іn Наіr

Реорlе trу tо еаrn mоnеу bу usіng whаt’s undеr thеіr sсаlр іgnоrіng аn іndіsреnsаblе sоurсе оf іnсоmе thrіvіng оn іt. Fоr thоsе stіll wоndеrіng, І аm tаlkіng аbоut уоur hаіr. Іnstеаd оf dumріng іt аftеr сuttіng, sеll іt аnd еаrn uр tо $ 1,000. Ноwеvеr, уоu саn јust соllесt сrumbs аnd sеll іt оff. Yоu hаіr nееds tо bе аt lеаst 25 сm lоng; sау іt’s оnе оf thе еlіgіbіlіtу сrіtеrіа. Іt аlsо nееds tо bе unсоlоrеd, сlеаn, аnd hеаlthу. Тhеsе bunсhеs оf hаіr аrе usеd tо mаkе wіgs whісh wіll bе usеd bу сеlеbrіtіеs. Luсkу hаіr! Yоu саn fіnd рurсhаsеrs оnlіnе.

4. Тrаdе іn sреrms

Маkе mоnеу frоm уоur mаnhооd іs оnе оf thе fеw wеll рауіng реrsоnаl fіnаnсе tірs thаt уоur fіnаnсіаl соnsultаnt wоuldn’t іnfоrm уоu. Рrоbаblу bесаusе hе mіght nоt knоw іt. Ѕеllіng уоur sреrms оnсе іn а wееk оr twо іs а grеаt орроrtunіtу tо еаrn mоnеу thаt wоmеn саn nеvеr еnјоу. Ноwеvеr, іt mіght bе quіtе bоthеrsоmе fоr thоsе mеn whо mіght thіnk thаt thеіr numеrоus оff-sрrіngs wіll fіnd thеm оut іn 16 уеаrs tіmе.

5. Dіsеаsе іn fаd:

Аnу dіsеаsе саn bе аn еаrnіng орроrtunіtу fоr thоsе whо thіnk сrеаtіvеlу. Fоr іnstаnсе, mаnу реорlе еаrnеd mоnеу frоm thе реrіоd аffесtеd bу swіnе flu. Тhеу dеsіgnеd соmісаl swіnе flu аwаrеnеss t-shіrts whісh wеrе іnfоrmаtіvе уеt stуlіsh. Оthеrs іntrоduсеd brаndеd flu mаsks fоr rісh аnd mоdіsh реорlе.

Тhеsе аrе sоmе оf thе fеw реrsоnаl fіnаnсе tірs thаt уоu саn usе tо еаrn а gооd раrt tіmе іnсоmе. Јust rеmеmbеr tо bе сrеаtіvе аnd rеsоurсеful.

Is High Debt the End of the Road?

Debt is enough of a problem to cause anyone a headache. We end up in debt because we have access to money that doesn’t belong to us, we spend it, and we can’t repay it. Debt, or a line of credit we end up using, is as common to every US household, UK household, European household or South African household as food and water. It is a necessary evil that needs to be effectively managed. Fortunately, debt is not the worst four letter word you will have to encounter in your life. A careful plan can mitigate the impact of debt on your daily finances, making it much easier for you to stay on top of your obligations.

What Are Some of the Problems Associated with Debt?

There are financial issues, emotional issues, and genuine issues to contend with whenever debt crops up. It’s important to differentiate between several types of debt from the get-go. For example, unsecured debt versus secured debt. If your debt is in the form of credit cards, personal loans, perhaps even payday loans, you needn’t be concerned about your assets being seized to pay off the debt.

The worst that can happen – and it is bad – is that your credit score will take a hit and your access to credit will dry up. You could have judgments against you which will remain on your credit report until creditors remove them. In the US, a credit score is just as important as a Social Security number. It determines who gets approved for home loans, automobile loans, personal loans etc. A healthy credit score is indicative of a well-managed life.

Now that we have identified some of the problems associated with high levels of debt, it’s important to deal with the debt. If the bad debt (credit card debt or personal loans) is becoming a problem, you may wish to consider things like debt consolidation loans, balance transfers to low-interest credit cards and the like. A debt consolidation loan is particularly interesting in that the customer applies for a lower interest-rate loan than the credit card, and pays off all the debt in one fell swoop.

The interest rate associated with debt consolidation loans is lower than the rates charged by credit card companies. It makes perfect sense to pick out a lower-interest-rate loan to repay your debt. A word of caution is in order: the best rates are available to those people with the best credit scores. You’ll always want to check out your credit score (it’s free on Experian, Equifax or TransUnion once a year), or from your credit card provider.

Why Are Personal Loans Preferred by People Seeking Debt Consolidation?

We have already established that credit cards are the worst options to use when seeking to consolidate debt. You may be able to switch from a 25% – 30% APR (annual percentage rate) credit card to a 15% – 20% APR card when consolidating your credit card debt. But if you can get a personal loan at 5% – 10%, you’re already saving money.

Of course, personal loans require credit scores of 540+, and the closer you get to a good or excellent credit score rating, the better your rates will be. It’s important to understand that careful money management is essential when you’re involved in debt consolidation. There’s no point consolidating debt if you’re going to end up in debt soon thereafter. Set a budget, stick to it, and see debt consolidation as a solution to a problem that has been plaguing you.

PS: Never move unsecured debts to secure debt if you have financial problems. For example, you don’t want to take out a home mortgage loan to pay for your credit card debt if you cannot afford to pay back your home mortgage loan. Savvy?

Making Money from an Islamic Trading Account

For many Muslims, Forex trading is becoming very popular. They have the option to choose whether they want to manage their accounts personally or do they want a managed Islamic Forex account. Managed Forex accounts can be of great service to people who don’t have the time or necessary skills to study the international trading markets. These accounts are managed by hired professionals who know the secrets of the market, therefore reducing the risk of losing money.

Forex account management is a serious business and should you choose to get one of these accounts, you should also take it seriously. These accounts can balance your losses, losses you may encounter in stock market or bonds. Thus an Islamic Forex account can greatly benefit your investment portfolio. However, when you choose a professionally managed Forex account, make sure that you’re provided with these things:

– The Islamic Forex trading account has no links with the stock markets. It should be able to provide better returns than conventional investments.

– It’s of utmost importance that you choose professionals who have a lot of expertise. Most of the professionals are business graduates who know the market inside out. But still, make sure that the professionals you hire are well equipped for handling an Islamic Forex trading account.

– The company or professionals you hire should know the market well enough to make profits from both rising and falling currency markets. They should also provide weekly or monthly reports along with real time reports about every transaction.

– You should have the ability to make withdrawals from your Islamic Forex trading accounts whenever needed.

Professionally managed Islamic Forex trading accounts are equipped with powerful tools of statistical analysis to maximize the profits. This is done because:

• The professional who manage such accounts are skilled market analyzers who can predict the trends of the market. They can predict the currency prices so that it’s possible to sell the ones with higher value and buy ones with lower value.

• They study the Islamic Forex trading accounts so that they can choose the best Forex trading system for the account. They make decisions that ensure the best execution of your trades, saving your account from variable market manipulations.

• They have expert insight about the Forex market and can detect upcoming fluctuations to either maximize your profits or minimize your losses.

• They are well aware of the margins of Forex trading, allowing them to make better decisions to avoid money loss.

• They implement the best Forex trading strategies, allowing them to trade at the right time and at the right place to make your profits as large as possible.

Leaving your Islamic Forex trading accounts to be handled by professionals ensures the best possible outcome and it also spares you the hassle of constantly worrying about your trades.

How to be a model credit score student

In the busy lives we lead, there are many things to learn, contemplate and concentrate on. Yet one thing that is an increasingly important part of our lives which is generally poorly understood is that of credit scores. In fact, recent research revealed that a quarter of Brits do not fully understand their credit rating, while 10 per cent have no idea how to improve them.
It’s a fairly alarming set of findings, given how vital credit ratings are, and the widespread effect they can have. Even if it’s not something you care to think about very much, the truth is that having a poor credit score can actually affect those who you live with, and their credit scores too.

Given that applying for things like mortgages, credit cards, and other forms of unsecured loans are an inevitability for most of us, it’s something to focus on, and really try and enhance. The good news is that it’s pretty easy and hassle-free to do – it’s just a case of ingraining some good habits. Here are six which should help to get your cause moving in the right direction…
Have lines of credit open – and use them.

One common misconception is that having debts and obligations is a bad thing. On the contrary, having no credit history at all is actually just as bad as having a poor one. The key is to take on obligations, and then pay them off. That means using things like credit cards, store cards, mobile phone contracts, buying things on finance – and paying then them off timeously.

Reduce credit card debt and overdrafts
If you have built up a nasty chunk of credit card debt or overdrafts, you will definitely want to focus all of your energies and available funds on clearing these as quick as you can. Simply making minimum repayments will not only leave you forking out plenty of interest, but also could send a message to would-be lenders that you are struggling to live within your means. And always, always, make your repayments on time.

Register on the electoral roll
Creditors don’t care about your political leanings. But being on the voters’ roll at your registered address is crucial to building a good credit score, as it demonstrates intransience on your part – which they like. So even if you don’t actually vote, for the purposes of your credit score it is well worth taking a few minutes to sign up.

Stay away from payday loans and gambling
Your credit file dates back six years, meaning any black marks can be around to haunt you for a long time. So being responsible, and adopting a sensible approach to finance becomes even more crucial. Even if things are very tight during a specific month, don’t fall foul to such things as payday loans, online gambling and other ills. They simply won’t serve you well in the long run.

Get hold of your file
These days, it is now absolutely free to get hold of your file – not only from the main credit reference agencies, but also sites like Noddle and Clearscore. Aside from providing you with a good indication of where you are at in terms of credit score, these can allow you the opportunity to browse through your history. Mistakes happen all the time, and if these are late or missed payments in there which you think are dubious, and could be counting against you, you can then take these up with the relevant authorities by filing a notice of correction.

Don’t be a scattergun
When the time comes for you to apply for credit, be sure to do so sensibly. Getting an online quote is usually harmless, as providers will typically conduct a ‘soft search’ for this when assessing you. However, each time you apply for a mortgage, a credit card, or some other form of loan, it will leave a footprint on your file. If these are many of these within a short period of time, it could suggest to lenders that you are desperate, or short of money. Instead, go about it slowly; one at a time, thus ensuring you do yourself no harm in the process, and acquire the loan you need, and at a rate you deserve.

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