Simply put, auto leasing is a way of obtaining a vehicle for a defined period of time. Since the average Canadian trades cars every three to four years, the auto leasing alternative addresses many desires. Because the term of the average auto lease is shorter than that of the average loan, it allows you to move onto the next car more quickly, and lease payments tend to be more affordable than loan payments. Approximately 50% of new Canadian vehicles are leased.

A Lease Take-Over is when a person takes over the payments of a leased vehicle with the approval of the original lease company, assuming the rights and responsibilities under the current term of the auto lease agreement.

Most of us finance our vehicles with a loan which means we’re already in the habit of making monthly payments. To keep those payments as low as possible, we tend to take out a five-year loan to pay for our new purchases. The result? At the end of the five-year period we may well own the car, but chances are we really wanted to trade it in a year ago. One other point is that a car is a depreciating asset, that is, it loses value over time with some makes and models depreciating faster than others. So, the car we now own and don’t really want isn’t worth very much when we try to trade it in.

It is important to understand that the cost of the lease is really the difference in the purchase price at signing and the purchase price available to you at the end of the lease, plus some finance charges, divided by the number of months in the lease.

Foreign Student Car Loans Canada

* Lower monthly investment than what you would pay to service a loan for the same investment. Lease payments are generally 2/3 of a loan payment, with the same term and interest rate. The result is your can have a lower payment or keep the payment the same and drive a nicer vehicle.

* You only pay tax on the monthly payment, rather than up front on the full price of the vehicle. That adds up to big savings.

* Down payment is flexible

* Guaranteed future value

* No resale hassle

* Trade more often

* Cash flow benefits as you avoid putting too much of your money in a vehicle

* Drive more cars for the money

* Drive new for the price of used

* Gratification of an affordable new vehicle more often (every 2-3 years).

* Peace of mind of knowing your vehicle is under a new car warranty. Even better if you turn the vehicle in before the factory bumper-to-bumper warranty expires, and therefore you never have to deal with mechanical difficulties.

* Leasing does not affect your ability to borrow for your business because a lease unlike a loan is neither an asset nor a liability.

* If you lease a car, you can deduct the entire amount, up to CCRA’s maximum (currently $800 plus taxes per month), while considering any tax restrictions relative to your employment, business-use, or a percentage attributed for personal use.

One of the best parts to leasing is that you also have options at lease end. At the end of your lease, you can walk away from the car, and not have to worry about negotiating its trade-in value, buy the vehicle, re-lease the vehicle, or use any equity as a trade-in:

Keep it

If you love your vehicle and don’t want to part with it, simply buy it for the guaranteed residual price (which is generally a wholesale price) or extend the lease.

Trade it

If you decide you want a new vehicle just trade in the old one. If the trade value exceeds the residual value, the difference is yours to apply to your new vehicle.

Keep the Profit

If you sell the vehicle yourself privately for more than the guaranteed residual price, the excess is yours to keep.

Return it

If market conditions change or if you just don’t want to trade or sell it, then based on the lease term & condition of the returned vehicle, simply hand us the keys and walk away.

Credit for Foreign Student in Canada

Cars are getting more expensive. The average person can go into “budget shock” just doing the math before buying a new car. A substantial down payment and high monthly payments make owning a new vehicle difficult. Our lease plans provide all the benefits of automobile ownership and more. No big loans, you don’t have to tie up a lot of cash or credit, enjoy lower monthly payments. Instead of paying the full price, you pay only for what you use.

Paying only for the usage means that your monthly payment goes a lot further, which translates to you affording a vehicle with more options or a more expensive model. Flexibility is another key benefit of a lease plan. Drive a new vehicle more often, every two years, three years . . . whatever you want. Plus, being an all makes lease company, we can supply you with any make or model vehicle to your specifications.

Start driving the easy way today! It’s just like owning but with less risk. You don’t have to worry about market value and resale. Our commitment to quality business practices guarantees our high standards. We offer experienced, knowledgeable and trustworthy professionals, unlimited selection, innovative programs and flexible payment plans.

About the Author:

Auto Source Financial has been providing No Credit, Bad Credit Auto Loans in Canada for more than 25 Years. Auto Source also Provides free Credit Reports to Our Customers. Business news

Keeping in touch with clients and network contacts is a key element of generating new business.By maintaining regular contact with your contacts you can help remind them of the service that you provide. This helps generate new business from clients hiring you again and referrals from people who know and like you.

Frequency Of Keeping In Touch

It’s often difficult to know how often to keep in touch with your clients. Many people are annoyed by contact that is too frequent. However, if you do not keep in touch often enough, you and the service that you provide will start to fade from memory.

Knowing your clients well will help you decide what frequency and approach to keeping in touch is best for them. But if you aren’t sure, ask them what they prefer.

Using a simple questionnaire, ask them how frequently they would like you to keep in touch with them. Suggest 4-5 alternatives such as: monthly, bi-monthly (every other month),quarterly, semi-annually or annually.

You could also ask about specific information that they might welcome. Choices could include market trends, economic conditions, home maintenance and tax issues.

And of course you will also want to know the preferred format: hard copy (paper) or electronic (web-based) .

You can use the your survey to launch a more formal program of keeping in touch. When sending your questionnaire, explain that you are launching a new keeping in touch program and would like their opinion.

Keeping In Touch With Family and Friends

As well as keeping in touch with clients, it’s also a good idea to keep in touch with other referral sources such as your family, friends, network contacts and referral partners.

Unfortunately family and friends are too close to you to offer objective or unbiased recommendations. Also, since they know you as a family member or a friend, they may not know how you serve clients.

They can however promote your personal qualities to people who don’t know you.

Keeping In Touch With Network Contacts

Your network contacts include the people that you meet as you go about your daily activities …in stores, offices and other places. Also included in this group are the people you have met through formal networking and your participation in clubs, organizations, community events, social activities, religious services and so on.

While these people may be unfamiliar with how you serve clients, they do know people you don’t know but can help. By keeping in touch with them, you remind them of the service that you provide to clients. This will help them make referrals to you.

Make sure that your family, friends and contacts understand the type of clients you are looking for.

Also ensure that they all have a small supply of your business cards to give to people they want to refer to you. This makes it easier for people to make referrals and help prospective clients contact you.

A final word of warning on keeping in touch. Once you start the practice, it is essential that you continue. Interrupting or even worse ending your practice of keeping in touch with out an explanation can seriously compromise your credibility.

When you introduce yourself to people what exactly do you tell them that you do? Do you have a specific job title that you like, something that says a lot about your position, or do you have a generic job title that does not really tell a person anything?
Job titles can do a lot to improve a business card if you use them correctly. A vague job title is not going to do anything to improve your color business cards, and might end up making a person think you do not do anything important, which is why your title is so vague.

The same can be said for not having a job title at all. If you have this spot oddly blank on your business cards people may start to wonder why. If you list your name and company name but nothing about what exactly it is that you do people cannot help but question if there is some specific reason behind this, and whether or not it reflects poorly on you.

The best kind of job titles are the ones that are self explaining so a person can easily tell exactly what you do from the title alone. However, some titles just naturally do not convey this and there is not much you can really do about it. This is especially true if you do a lot of different jobs at your company, which might make it difficult to give you a single title to put down.

In circumstances like this you might try adding in a description of what it is that you do so people are going to know right from the beginning.

But why bother with this at all? Is it really so important to know exactly what you do for a company? Your job duties might be important when applying to a new job, but do you really need all of this detail on your color business cards?

I will admit that this depends on the type of industry you are in. If you know you are going to be at an event where everyone already has a good feel for what everyone else does than no, a job description or even job title might just look out of place on your business card.

But a lot of the time you are going to be dealing with people who do not know anything about you or your company. If they need a specific service from your company they will want to know who they should get into contact with. Your job title can do a lot to help them out, because they will know whether you specifically can help them, which will encourage them to get into contact with you.

In the end it will be up to you to decide what will work best for your business card. But no matter what you decide at least consider all the possibilities, and be certain whether or not adding a job title will be the best thing for your business card.

For comments and inquiries about the article visit:  Color Business Cards

Super affiliates make thousands or even hundred of thousands a month and live in wealthy and luxury lifestyle while regular affiliates are lucky if they are able to earn hundreds a month, some even making losses due to the cost spent in affiliate marketing activities more than what they have earned. What are the success secrets of these super affiliates that differential them from regular affiliates?
If you have read the handbook of super affiliate marketing written by various marketing gurus, you will notice that the keys to success in affiliate marketing has no hidden secret, instead anyone can success if they follow the principles of super affiliate marketing:

Super Affiliate Marketing #1: Focus on one thing at a time

Most affiliates especially those who are new in affiliate marketing tend to register with many affiliate programs and promote many affiliate products at one time with the hope to earn money if they manage to sell at least one or a few of products. But, at the end what they get is nothing, because they have loss focus and direction on how to promote these products up to the success level to make profits out of them.

You should always focus your affiliate marketing activities and keeping your sights to one goal at a time. Then, work it out until you achieve the success before you move to the next affiliate program. It does not mean that you can only have one affiliate business. In fact, you should have multiple affiliate businesses if you want to generate continue income streams. You can always add more affiliate business, one by one once you have successful on your current one. By focusing one thing at a time, you can focus on it and make it success.

Super Affiliate Marketing #2: Simplicity is the best

You do not need to have thousands of pages on your website, instead you can notice that most success affiliate marketing websites have simple and clear with a few pages that stick to the point in promoting their selected affiliate products. Simple pages make you and your customer’s life easier by delivery targeted content that draws the interest of you potential buyers. You do not want to overload your customers with too much of content at one time and make them confuse. Remember, keeping things clean and simple get more response and better conversion.

Super Affiliate Marketing #3: The money is in the list

Regular affiliates tend to focus on first time sale while super affiliates spend their times and efforts working to get qualified leads on to their opt-in lists, which they will doing conversion on these leads to generate continue income stream. For super affiliates, the leads in the list are where the money is because for them, selling is really all about relationships. When relationships are being built, you can generate repeat business from existing customers by promoting multiple market-specific products to him in one time and from time to time.

Super Affiliate Marketing #4: Always Improve Conversion

Super affiliates try their best to fully utilize the traffic generated through various marketing channels and from the list. Conversion means how many people out of 100 take a given action. You need to continue improve your conversion rate so that you won’t waste the traffic generated and able to earn more money. Many factors may affect the conversion rate, among are the landing page & the ad campaigns. You need to test & track to detect for potential improvement and increase the conversion rate.

eCommerce businesses and online sales channels of traditional retailers are on the rise, with a growth rate almost 6 times higher than overall retail industry, according to NFR and Forrester reports. Despite such fast growth rate and considerable investments, there still exist vast untapped opportunities in online stores across the world, according to a recent study by MarketLive:
• Over 90% of visits do not result in shopping carts.
• About 60% of shopping carts are abandoned.
• About 80% of customers do not have repeat orders.
Companies should focus on end-to-end management of customer lifecycle to leverage these untapped opportunities and boost bottom-line results. Actions taken at every stage of customer lifecycle would increase cart values, decrease abandonment rates and have direct effect on profitability.

Successful management of this lifecycle requires effective use of customer analytics, identifying customers at different stages, their profiles and taking custom actions for each. Online stores have an upper hand in terms of customer and visit data when compared to traditional channels, with the ability to observe shopping behavior details such as what visitors search for how much time visitors spend looking at which products, etc. Companies should leverage such data and find ways to further enrich it (e.g. through loyalty programs, golden questions, personalized shopper assistance for detailed lifestyle data).

Every stage in this lifecycle requires exclusive attention and online store managers should assess their performance and take certain actions targeting customers in each stage. Forte Consultancy Group defines eight stages and guidelines to follow in each stage based on best practices as follows:

A. Create Visits

Definition: Attract visitors to online store from all target market segments

Guidelines:
1. Use search engine optimization techniques based on web traffic insights
2. Utilize variety of online and off-line acquisition channels
3. Customize acquisition approach by target market segment
4. Create reasons beyond purchase for visiting site

Sample KPIs: Number of Visits per Month, Unique Visitor Count per Month, Advertising Cost per Visitor, % of Visitors Bookmarked Site, Page Rank of Homepage

B. Subscribe Visitors

Definition: Motivate subscription of visitors as soon as possible

Guidelines:
1. Call to action for subscription on landing page clearly
2. Make subscription a fast and convenient process
3. Provide immediate and extra value add for subscription
4. Offer and promote competitive value propositions

Sample KPIs: Subscriber / Visitor Ratio, Total Unique Subscriber Count, Number of Subscriptions per Month, % of Subscribers with Full Data, Duration From Visit to Subscription

C. Create Interest in Items

Definition: Have customers view various products offered

Guidelines:
1. Have effective and alternative categorization of items
2. Pro-actively recommend items based on customer and product profiles
3. Provide ability to search with alternative parameters and means
4. Provide creative and instructive item information and presentations

Sample KPIs: Number of Items Viewed per Visit, Number of Items Viewed per Subscriber, % of Subscribers Viewing Items, Number of Categories Viewed per Subscriber, % of Items Not Viewed for Long Time

D. Create Purchase Intent

Definition: Motivate customers to add products they are interested in to cart

Guidelines:
1. Follow-up and promote purchase of products viewed by customers
2. Identify and act on customers who are using site for viewing products only
3. Follow-up interest in out-of-stock products after replenishment
4. Translate interest into wish lists for future purchase

Sample KPIs: % of Views Resulting in Item Add, Number of Items per Cart, Value per Added Item, % of Items Viewed but not Added Frequently, % of Subscribers Viewing Items Only

E. Create Check-out Intent

Definition: Prevent removal of products added to cart

Guidelines:
1. Provide convenient, one click check-out
2. Make single item purchase as fast as possible
3. Make relevant recommendations before check-out
4. Make added items accessible even if site is abandoned

Sample KPIs: % of Item Adds Abandoned, % of Item Adds Removed, % of Cart Value Proceeded to Checkout, Average Item Time in Cart, Average Time to Checkout

F. Avoid Abandonment

Definition: Ensure completion of check-out

Guidelines:
1. Provide convenience and speed in check-out process
2. Remind and follow up abandoned carts
3. Motivate abandoned cart purchase providing additional benefits
4. Make abandoned carts available in next visits

Sample KPIs: % of Check-outs Abandoned, % of Potential Value Abandoned, % of Abandoned Carts Purchased Later, % of Abandonment to Competitor Site, % of Subscribers with Abandoned Carts

G. Ensure Payment

Definition: Avoid sales opportunity loss due to payment difficulties

Guidelines:
1. Provide alternative means for payment
2. Ensure and promote payment security
3. Keep customers informed about payment process and status
4. Follow-up and recover failed payments

Sample KPIs: % of Payments Bounced, % of Potential Value Bounced, % of Bounced Payments Abandoned, Payment Attempts per Purchase, Number of Fraudulent Cases Identified

H. Create Repeat Visits

Definition: Identify dormant customers and motivate revisit

Guidelines:
1. Regularly provide new content and offerings
2. Pro-actively take actions for dormant visitors
3. Provide additional benefits for repeat purchases
4. Make recommendations for cross and up-sales after sales

Sample KPIs: % of Subscribers with 2 Purchases, % of Subscribers with >2 Purchases, % of Subscribers with >1 Visit, % of High Value Loyalists, % of Subscribers with Returned Goods

Within an increasingly competitive marketplace, companies managing each of these eight stages will surely benefit from the rapidly growing online community and eCommerce market.

To receive additional documentation on this topic (including 59 best practices and additional industry statistics), and learn about related Forte Consultancy Group service offerings contact: info@forteconsultancy.com.

About Forte Consultancy Group
Forte Consultancy Group delivers fact-based solutions, balancing short and long term impact as well as benefits on stakeholders. Forte Consultancy Group provides a variety of service offerings in marketing, sales and customer relations for numerous sectors, approached in three general phases - intelligence, design, and implementation.

Contact Information
Ali Pirinccioglu,
EMEA General Manager
ali.pirinccioglu@forteconsultancy.com

Forte Consultancy Group
www.forteconsultancy.com

Many businesses have a huge office space where at least 50% of it is redundant or not being utilised properly. By installing storage systems and shelving systems, items can be stored at height rather than on the floor. This freed space can then be given to the warehouse or production room. By using steel partitions a business can separate areas, give more space to a certain area or block off an area for privacy. The steel partitions available today look smart, business like and can be painted to complement the existing surroundings. Many of these systems are made to the client’s exact specifications and come ready to bolt up quickly and easily saving a large amount on labour costs.

Mezzanine floors are another great way of making better use of space. Warehouses and units tend to have high ceilings so a huge percentage of the structure is not used. By installing a mezzanine flooring system, a business can create extra office, meeting room or staff room space without altering the main layout of the premises. Mezzanine flooring can also be made with 2 or more storeys and they can be moved, modified and dismantled quickly if necessary. The weight that mezzanine platforms can take is up to 10Kn so businesses needing to store heavy pallets can take advantage of these flooring systems too. Make sure the manufacturer or supplier of the mezzanine flooring units takes care of the Building Control Application for you.

The storage of pallets is always a problem for businesses. They take up a large amount of floor space. Space saving can be made by stalling a pallet racking system. These systems can be used for palletised and non-palletised items and come in wide aisle and narrow aisle models. Warehouse pallet racking can mean storage up to 4 levels.

So above there are many ways in which a business can make better use of its existing premises and more importantly, these options are practical, cheap and easy to install.

Do You Really Need to Use Data Recovery Services?

Hard drive data recovery services are now widely offered by a number of data recovery companies and businesses around the globe. These hard drive data recovery services are even highly accessible online with lots of websites out there on the web advertising and featuring their wonderful and powerful hard drive data recovery services and procedures. And, as computer becomes a necessity for most of us, more and more companies are offering hard drive data recovery services for the computer users’ sake.visit at http://online-typingwork.blogspot.com
If you have lost important or sentimental data, you may need to seek the services of a professional data recovery company. There are many companies to choose from, and it can be confusing deciding which one to use. Research your chosen data recovery service on the internet, check their customer testimonials page and find out how long they have been in business. Most data recovery services will guide you through a process which will allow you to recover your own data, this can be time-saving and cost efficient.
If you’re someone who neglected, or never learned how, to back up your hard drive, it’s time to call for help from one of the data recover service by doing an online search and finding one, if possible, nearby. If you have to settle for one of the data recovery services I another area, so be it. You’re not in a position to quibble, are you?

Most of the standard hard drive data recovery services are usually completed within 2 to 5 days. It is typical however, that prior to the actual hard drive data recovery, the technicians will consider an evaluation process. This is basically considered to diagnose the problem and to determine if the lost data can be retrieved or not.
Also, in standard hard drive data recovery services, the service providers will determine exactly what data recovery procedures will be taken and how extensive the damage on the drive is. After that sort of identification, the company you have contacted will furnish you with a verbal report and they won’t proceed to the actual data recovery unless you have not given your approval to proceed. Once you have given your approval, the affected drive will be placed in the job queue and the data will be recovered in the order it was received.http://online-typingwork.blogspot.com

If you should need expedited hard drive data recovery services, a dedicated technician will be assigned to repair your drive. The technician will work on the drive until the data recovery is complete, and as commonly noted this process of will normally cut you turnaround time in half. http://online-typingwork.blogspot.com

You may heard that Internet is full of cash, it’s just a matter how you grab your portion. In fact, the statement is true, there are tons of online opportunities that you can grab and step into to earn money online and work from home to support your living. Here are the 2 common ways used by many people to earn money online & work from home:

1. Make Money From Google AdSense

Google AdSense is considered to be one of the easiest ways to earn money online. You need to have a website and add the Google AdSense code into your web pages after opening a Google AdSense account. The related Google ads will appear at your website and if somebody clicks the ads, Google will share the ad’s profit with you.

There are millions of internet users who are looking for information, products or services will click on online advertisement every day. If you are able to drive a significant internet traffic to your website, the more clicks you may receive and earn more money. It’s not surprising that webmasters are making tens of thousand each month solely from AdSense revenue.

As the Google Ads are delivered based on your website contents, the best way to earn money with Google AdSense is to build niche websites based on your targeted keywords. You can choose to focus on niche market with high paying keywords such as finance, stock, mortgage and education, but be aware that such niches are very competitive. Unless you have good strategies to drive sufficient traffic to your website, it might be real hard to earn good money from it. You should always balance between high paying keywords with market competitiveness and choose a niche that you are confidence to drive enough traffic to earn money online if you are planning to work from home and support your living with this income.

2. Earn Money Online With Affiliate Marketing

You can work from home and earn money online by being an affiliate. Affiliate marketing is among the best business model that benefit both affiliates and merchants. With affiliate marketing, you do not need to own a product to sell online. Lots of people are earning thousands of dollars a month just by selling other people products.

As an affiliate, you do not need to worry about the business backend such as payment processing, product delivery and customer support. Everything will be taken care of by the merchant. You just need to channel the targeted traffic from global internet to the merchant’s website where the buying transaction being done and you will be paid with commission.

Clickbank is among the best affiliate program for digital products. It has over 100,000 products that cover a wide range of niches which you can choose to promote in affiliate marketing. LinkShare and Commission Junction are another two famous affiliate programs that cover a range of products in digital format, physical goods and lead-based products & services.

Summary

There are tons of online opportunities which you can grab to work from home and earn you income online. Google AdSense and affiliate marketing are 2 common ways people use to earn money online from home.

Pre-Paid Legal is the perfect home based business, but if you can’t PAY someone to join your team and are running low on cash, read on to learn how to solve your number one problem (CASH FLOW) and stay in business.
I joined Pre-Paid Legal in 2006 as an Independant associate. I joined for alot of the same reasons that many others join. #1 My wife and I worked all the time and we wanted more time for ourselves. #2 I saw the opportunity and got excited. #3 My sponsors were very caring and took an interest in helping me. #4 The Personal development the company offered was outstanding.

From the beginning I made a commitment to myself and my sponsor that I would be coachable. For over a year and a half I worked my business consistently on a part time basis. I went to my weekly briefings and super saturday’s. I went to the Las Vegas Leadership summit twice. I handed out between 2-5 tools everyday. I talked to my warm market and invited prospects out to the events. I purchased business opportunity leads and cold called them. I knocked on doors. I prospected small businesses and handed out tools and business cards. I did one on one, two on one presentations and PBR’s. In addition to all of my activity I coached and counseled my recruits.

I even had one of the top income earners tell me I was doing more than 96% of associates that join Pre-Paid Legal.

I said all this not to brag but to get to a point where I can share my results.

After a year and a half of doing the above activity I had recruited 6 front line associates with memberships and marketed 7 personal memberships and 1 small business plan. I achieved the Manager level but was far from reaching my income goals.

I know most of you are probably thinking that I must have done something wrong to only have six front line recruits but I can assure you (looking back) I followed the “easy duplicatable” system. As far as duplication, two of my frontline recruits recruited two associates.

I earned approximately $2,100 in commissions but I invested thousands buying marketing materials, briefings, travel, etc.

Let’s just say I was in the hole big time and was running out of money fast. I knew that if I couldn’t earn some money I would be forced to quit Pre-Paid Legal.

I knew deep down that I didn’t want to quit Pre-Paid Legal but I had to face facts and the truth was my business was failing.

This was the time that I began to do what just about every other struggling associate does, which is turn to the Internet for research. I learned from some other top network marketers that my problem wasn’t so much Pre-Paid Legal as it was my marketing system. You see, all successful businesses excel at SALES and MARKETING. I learned that I needed to learn how to market Pre-Paid smarter.

In my mind, there had to be a way for a brand new associate to make enough cash flow in the beginning (with very little effort) so they can stay in business long enough to begin seeing duplication in their Pre-Paid Legal business.

The answer I came up with was AFFILIATE MARKETING.

Affiliate marketing has been around for a long time and is based off of Network Marketing or Referral sales WITHOUT the team building. You market a product, refer a customer, and make a commission. It truly is a win win opportunity.

For example, what if you found a perfect marketing system that is geared to network marketers. The system is already set up and is designed to capture prospects and follow up via email. The system sells informational products as well as the same marketing system. This way you are able to set up a backend cash flow machine on autopilot.

Everytime you refer a sale you get a hefty commission. You can then pay for your Pre-Paid Legal marketing costs. All you have to do is market and send traffic online to your website (already created for immediate use).

I have been using affiliate marketing to help grow my Pre-Paid legal business for over a year now and my results have tripled. I now have prospects calling me instead of me chasing them down. I waste less time and spend less money on business costs.

Before you even think of quitting your Pre-Paid Legal business consider affiliate marketing.

Discover how to earn a whopping $4,567,09 per month in your spare time even if nobody joins your MLM business. Forget cold calling. Forget those home meetings. In fact, forget everything you’ve ever been taught about building a solid income in Network Marketing from the “gurus”. ==> http://www.PowerProspectingSecrets.info

The current growth of UK debt is £1million every 8 minutes and we all contribute a Stonking £263 million in interest a day. There is currently 27.4million credit cards transactions made a day with a total value of £1.56billion. The total credit card debt in the UK for September 2008 was £55.7 billion and the average adult in the UK has approximately 4 credit cards, store cards and debit cards.
It is little wonder that we are all looking for the ’secrets to paying off our credit card debts.’ We make our monthly payment and then find that we paid more in interest than the amount that was reduced off our outstanding balance. Frightening isn’t it!

When you look closely at your credit card statement you will see that the interest rates are somewhere between 0% and 27% per year depending on the provider. The average card is generally around the 17% +/-mark.

The secrets to paying off your credit card debts are:-

1. Credit card consolidation is the solution of last resort unless it is the only option available to you due to the lack of your disposable income.

2. Shop around for a credit card provider who offers a 0% credit card deal for the longest period of time. The normal offer is for 9 months or 12 months. Check the providers transfer fees for moving your balance to them and see if you can find a provider with either a lower fee or even better no transfer fee. Make sure that you move the balance to another card at the end of the 0% deal. If you don’t then you will certainly go on their worst interest rate deal. Don’t try and arrange too many 0% deals in the same month as you could find yourself being turned down. Just move one or two cards every other month.

3. It is also worth considering a credit card with a low interest rate for the term of the balance. But don’t spend any money on it as the interest rate for new purchases will be exorbitantly higher.

4. If you are paying any Payment protection Insurance then you must see if you can find a cheaper policy to cover all your outstanding cards elsewhere. You should cover yourself for accident, sickness and redundancy with the same cover or better. Then cancel the credit card protection insurance from your credit card.

5. Move all of your credit card balances to better interest rate deals. Make sure that you move all you highest interest rates onto the lowest interest rate deals first.

6. Don’t forget you can always ring up your credit card provider and ask what deals they have. It might be a better deal then you are currently on and any deal that is lower than you are paying now is better.

7. Now you have rearranged your credit cards you should start paying as much as you can comfortably afford off the highest interest rate cards first and the minimum allowed off the interest only cards. Get the highest interest rate cards down as quick as you can. Keep moving those cards to the next best interest rate deal as soon as the last deal finishes until all your credit cards have a ZERO balance.

8. Once you have cleared a credit card balance completely then cancel the card and move the money you were spending on the card you cancelled to the next card and watch as your balances just fall away.

9. Start using your debit cards instead of your credit cards and you will find that this will curb your passion to spend on plastic. You will go overdrawn in your bank account if you have not got enough money to cover your purchases. The bank will charge you an overdrawn charge of around £20 to £37 and you will quickly realise that you can only spend what you can afford.

10. When you have a Zero balance and one credit card left you need to reward yourself you have earned it! What a Result! Congratulations

Now that you are debt free and in control of your finances you may like to try this. You have now qualified as a Master Credit Card Tart. Apply for a 0% credit card. Then withdraw the full amount of credit they have given you and buy National Premium Bonds. Pay the minimum monthly payment allowed. At the end of the 0% deal move the balance to the next 0% deal and so on. Here is the best bit it will never cost you anything and all the winnings are tax-free and all yours courteous of the credit card company. You may just be one of the two lucky £1million Winners that they announce each month. What a flexible friend you now have!

The eleventh secret is you could contact Finance Claims Checker and let them see if your credit card agreements are invalid and unenforceable in law. If they are then they may be able to have your credit card balances written off using their solicitors and the legal loopholes in the Consumer Credit Act 1974.