Opening an offshore account online is one of the most easiest way to get money from your friends or while do any kind of business. Having said that, there are many pitfalls associated with this kind of search. It’s not only your money that you are entrusting to a website you found off Google – you might also get drawn into an action that is plain illegal. Even if banks are regulated, the internet is not, so ready yourself to plough through a lot of junk, middlemen and websites that are out there purely to scam you before you find the perfect offshore account.

Here are some golden rules to follow to make sure you don’t fall pray to internet schemes.

1) Get a phone or fax number. One of the easiest ways to flag a scam website is one that has little or no contact information. (more…)

Personal debt is constantly on the rise in the UK with more and more people falling behind on their loan repayments. This leaves them with monthly accumulating debt. Failing to repay installments on a loan can also affect a person’s credit rating which will affect their future chances of obtaining mortgages and other types of loans. On top of these financial problems, failing to repay a loan for whatever reason can cause personal problems, distress and even depression. Failing to repay a loan because of bad financial management is one thing, but it is highly stressful if a person is unable to repay their monthly installments because of illness, injury or being made redundant by their employer as most of the time the person has no way of protecting against these unfortunate incidents from occurring. (more…)