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By Jay Moncliff

Competent financial advisors don’t have a particular look about them, even if they claim to have proof of their ability. To protect yourself, it is important to ask the kind of questions that will indicate whether the potential advisor has the requisite level of skill to handle your financial affairs, or whether you should look elsewhere. The following simple questions will help you determine if the advisor under scrutiny can really help with your financial affairs.

The first enquiry you should make relates to education. Competence and quality with advisors comes in the form of a relevant tertiary education, professional memberships of financial advisory groups, and certificates or further qualifications that show ongoing professional development. It is also important to enquire about length of experience in the financial industry, and in particular how long the individual has been working as an advisor. This should be considered the first step in your financial advisor selection process.

The second avenue of enquiry relates to payment for services. This question is important as financial planners can bill hourly, work for retainer and some work on a commission basis. Each of these payment channels attract differing fee levels, and this information will influence your choice of financial advisor. It pays to know up front.

Another excellent gauge of success and ability is testimonials, and in particular referrals. If the financial planner you are considering cannot provide referrals you should be sceptical about any claims about past success they may make. The opinions of previous clients are excellent indicators of the ability of a financial planner.

Finally, ask for a plan. Any financial advisor worth their fee will happily outline the scope of their services, tell you what information you need to provide them, and work with you across all relevant areas to develop a plan for you to reach your financial goals.

About the Author: Jay Moncliff is the founder of mileniumfinancialservices.com a website specialized on Financial Advisor, resources and articles. This site provides updated information on Financial Advisor. For more info on Financial Advisor visit: mileniumfinancialservices.com

Source: isnare.com

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By Ben Shar

Can foreclosure be avoided? For many people, the worst thing that can happen to them is foreclosure on the house that they have dreamt about all their lives. But, there are things that you can do to save yourself this painful experience even if you are in the midst of it. Foreclosure is the bank foreclosing or taking back your home and property due to lack of payment. For many people, foreclosure is an event that just hurts.

For those who are in foreclosure now, you could be facing the fact that you may just never get out of it. But, during every stage of foreclosure, you have the opportunity to pay up. If you can not do this, perhaps you have taken on too much of an investment. In any case, getting out of it will be difficult, but it can be done.

It is important to note that banks are not in the business of owning homes. They simply want to make the money off the interest you pay in the mortgage loan you take out. While this may not seem of importance, it really is. The banks will often do everything they can to keep you out of foreclosure as well. So, if you are in the position where you can not afford a payment that month, call the bank and see what they can do for you.

Foreclosure is a serious thing. Do not take it lightly. If you foreclose on a home, you will completely ruin your credit. There is simply nothing that you can do worse for it. If you are in the position that you no longer can afford your home, take the opportunity to sell it first. At least you will have cleared your debt in a good way and left your credit in tact. If you are currently in foreclosure, you need to take steps to secure the right lawyer to help you through it.

About the Author: Find more information and tips about foreclosure by visiting

dailyforeclosurenews.info

Source:

isnare.com

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