My UK Finance » Finances http://www.myukfinance.com UK Finance Blog Tue, 24 Aug 2010 06:59:48 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Compensation Claims http://www.myukfinance.com/compensation-claims http://www.myukfinance.com/compensation-claims#comments Tue, 24 Aug 2010 06:59:48 +0000 admin http://www.myukfinance.com/compensation-claims

If you are a resident of either Wales or England, you know that in 2000 there was the abandonment of legal aid.  This was done in order to fund cases for accident compensation and personal injury cases. Since then, the commonly used legal expression is no win no fee and is now an essential pieces when building a case.  If you have a personal injury or a medical negligence claim, then you will want to look into this agreement. 

Another name for this is the Conditional Fee agreements and these can now bring justice for those with financial troubles who need legal representation.  If you or someone you know is seeking fair compensation for an injury, this agreement can be used to get help without a huge legal bill be created. 

If you sign a contract under this agreement and your case is lost, you will pay nothing for the work that the solicitor did in your case.  If the claim is successful, then the solicitor will be able to charge an extra fee as a sort of reward for taking your case not knowing if he will win and be paid for his work.  If your solicitor is successful in your case, then the winning legal team with be paid by the other side and will also receive a success fee on top of that payment. 

]]> http://www.myukfinance.com/compensation-claims/feed 0 How to get your free credit score! http://www.myukfinance.com/how-to-get-your-free-credit-score http://www.myukfinance.com/how-to-get-your-free-credit-score#comments Fri, 28 May 2010 20:45:08 +0000 admin http://www.myukfinance.com/how-to-get-your-free-credit-score In rough economic times like we are facing today it is imperative to know what your credit score is and more importantly, to know why this is important. Your credit rating is what lenders use to determine the credit worthiness, or riskiness, of a borrower. If you have a high credit rating you are considered less risky than someone with a low credit rating.

Having a high credit score can save a borrower tens of thousands of dollars in interest payments over the course of a mortgage. This is because someone with a high credit score is considered non-risky. Lenders are not going to charge someone that is not risky very much in interest because they would rather have this borrower’s business.

A high credit rating can also save someone a lot of money in fees. This is because lenders often charge high closing costs and other startup fees to people with poor credit ratings.

It is very important to know what your credit report says about you. You can get a free credit score, and you can do it online in no time. Find out what story your report is telling today, this way you can fix it if it is not portraying your financial background the way that you feel it should. Good luck!

]]> http://www.myukfinance.com/how-to-get-your-free-credit-score/feed 0 How to Teach Your Children about Money http://www.myukfinance.com/how-to-teach-your-children-about-money http://www.myukfinance.com/how-to-teach-your-children-about-money#comments Tue, 03 Mar 2009 12:37:12 +0000 admin http://www.myukfinance.com/?p=8 child-moneyDepending on the expert that you speak with, there are various ways to teach your children about money. Some methods are quite different from others and some offer more instruction, rather than demonstration. The truth of the matter is that the way that your child feels and learns about money comes from the way that you spend money, the way that you act with the money and your actions regarding debt and other financial matters – not from the lessons that you teach the child.

When teaching a child about money it is important to lead by example. Leading by example allows the child to see that you, the role model looks towards using money for items which are required within the budget, not for items that are spent on a whim. So, think about this the next time that you whip out to pay for an expensive purchase that you will be paying for months down the road.

One of the most important things to learn when trying to teach the child about money is that debt and income and spending should all be approached in a realistic manner. Teaching the child about the dangers of debt and how they should spend their money wisely and begin savings accounts.

Any money that the child receives for a gift or for an allowance should be divided and a portion of this money should be added to a savings account.

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