Understanding Irresponsible Lending

If you are thinking of taking out a loan, then you must have come across the term 'irresponsible lending' and if you are a first time loan applicant, you may be wondering what exactly that means. Basically, before a creditor lends you money, they must take steps to ensure that you can afford to pay back the loan you have taken out. This process is known as an affordability check and in the event that a creditor does not do a proper check, they may give you more than you need or an amount that you may be unable to pay back. This is what is called irresponsible lending.

To lend responsibly, a creditor needs to make sure that you can pay the debt in full and on time, without having to borrow more money, and without falling behind or defaulting on existing commitments. If any of the above has happened to you causing you to struggle to pay off a debt, then you can actually make a complaint against the creditor for irresponsible lending.

Now that you understand irresponsible lending, you need to understand how an affordability check works.

When you first apply for a loan, the lender will need to know exactly how much you earn and how much your bills and other regular payments are. Once they have worked out how much is left of your income, they can be able to see how much you can afford to pay back to them on a regular basis. Sometimes a lender may decline to approve you for a loan after an affordability check and if this happens, the first thing you need to do is figure out if borrowing more is in your best interest. This is because more often than not, being refused credit might actually be a sign of needing help with financial management especially if you already have other debts that you are struggling with or debt management. Most people think that bankruptcy is the way to go when this happens but the truth is that bankruptcy should be the very last resort. 

There are other options such as debt management, token payment plan, equity release among others. It should be noted that rushing to bankruptcy will directly impact your finances sometimes for the long haul. So make sure that is really the direction you want to take when it comes to it. It should also be noted that there are refund claims which can be made for irresponsible lending. Get My Refund is one good example in Australia which is a service which will help you with claims of irresponsible lending, mis sold insurance and other types of claims.

In case you are already having financial struggles, you may feel the need to stretch the truth with your lender during your affordability check. This is definitely a wrong move because if you give the wrong information to a lender, you may hurt your chances of future credit applications since there are lenders who use a fraud preventing service which can flag discrepancies on your previous applications.

Apart from this, some lenders will refuse an affordability complaint if they suspect that you were anything less than honest when you applied. It should however be noted that you could argue that they were not very thorough with their checks if they did not ask for wage slips and bank statements.

Finally, giving wrong information to a lender may cause you to end up with more money than you need which could be worse for you in its eventuality as you will not be able to sustain the payments.

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Advantages of using Mobile Stairs and Platforms

When you are getting ready for work, you pack your work clothes, boots and of course, a lunch to keep you going, right? Well, it is a little different for a foreman because he/she needs to keep an entire site going efficiently until the end of the day. so, just what do you pack to keep the work going?

As a foreman, you need to be sure that all your equipment as well as staff get to the various floors safely. Having an ineffective and safe way to access the various levels of your building is one of the most important things in any work site. For this reason, mobile aluminium stairs, modular work platforms as well as loading platforms are necessary to make sure that the work goes on and that every worker who walks in unhurt goes out the same way. Truth be told, having these ladders, stairs and platforms will come at an additional cost but if you can find an aluminium manufacturer such who offer good prices on their safety platforms. Generally however if you need to pay an expense to complete a job then you can factor this cost into the general cost of the project, so you should be fine.

Modular safety platforms and mobile stairs come with a whole lot of advantages too, here are some of them:

  • First of all, mobile stairs fold flat therefore easing the transportation process which is not the case with easily assembled stairs on site.
  • Mobile stairs have a big advantage over straight ladders in that they fold at an angle making them much safer than straight access ladders which can be difficult to secure.
  • Another thing is that tools and equipment can easily be carried up and down the stairs safely rather than backwards which is what happens with ladders.
  • The stairs also fit in perfectly with custom platforms which again, is not the case with ladders.
  • Since the stairs and platforms are made of aluminium, they do not rust or deteriorate over time as steel and wood would especially since the equipment is going to be exposed to the elements over long periods of time.
  • Another notable advantage is that compared to steel, aluminium is much lighter, sometimes less than half the weight of steel.
  • The parts are easily replaceable as the mobile and modular stairs and platforms are made of component form.
  • Mobile aluminium stairs have compact width which allows access to confined areas.
  • When doing maintenance around your site, maintenance platforms like this one are easy to set up, generally taking less than ten minutes to assemble which means they can easily be relocated as needed.
  • The stairs and platforms are self levelling which ensures that they provide access at the exact level even if they are based on a terribly uneven ground.

The thing about these mobile stairs and platforms is that they are extensively tested in the research and development phase so that they can be able to work in any and every situation. From level ground to excavation sites, onto-form work decks to underground bunkers. This way, your employees' and equipment safety is guaranteed regardless of where the job is situated. The stability factor is especially important where excavation is constantly developing since the stairs and platforms can be easily relocated with minimal downtime. They can also be manually operated if the machinery is not able to get to where the work is being done.

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What There Is To Know About Elliptical Cross Trainers

The cross-trainer, more commonly known as the elliptical, has two upright handles and foot pedals. The arms are put into action by simply pushing and pulling the handles. But this does not only engage the arms but the upper torso entirely including the shoulders and the chest. It also has pedals which imitate the movement of climbing up a set of stairs. It works your lower body and glutes. In addition, it is also capable of toning the abdominal region. This is done by simply letting go of the handles while maintaining the pedal work and this would engage the core muscles. Cross-trainers are definitely the equipment of choice for an all-body workout. It is one of the most efficient pieces of fitness equipment in the sense that it workouts almost all key areas of the body in just one fluid motion.

If there is one thing cross trainers is widely used for, it’s to build and maintain endurance and for resistance training. Cross-trainers have been popular in the running world due to its injury prevention and rehabilitation benefits. Runners run the risk of overused joints and muscles which may prevent them from the activity itself. This is a hassle for them because building endurance for long trails or marathons require regular and constant training sessions. Some cannot simply afford to lose a day or two on track. So if you want to pick up or take running more seriously, professionals recommend getting on a cross-trainer instead of hitting the pavement immediately because your body, especially your knees and ankles, are not subjected to the repetitive impact of running. Building your endurance through cross-trainers will help you ease into the sport which means you can eventually enjoy it quicker. The impact on your joints is not as significant as running. As for veteran runners, cross-trainers will help them keep on the rhythm, even on days when running does not seem like an option like during bad weathers or more so, injuries. By mixing in cross-trainer exercises to running, you get to enjoy that runner’s high longer without sacrificing physical limitations.

Speaking of injuries, cross-trainers are also used for rehabilitation and are commonly hired for this reason. In the unfortunate event that an injury does occur, physical therapists recommend hiring cross-trainers by because it's practical to set up in the home and most hire services will set it up for you and the trainer itself helps the body gain back complete mobility without subjecting the body to strenuous condition. Hiring the machine is generally recommended because it can be cheaper if you are not fully committed or do not want to use it long term. Physical therapists also recommend elliptical cross-trainers especially if the injured insists on maintaining fitness progress despite their current inability to get back on track. Due to its all-body workout involvement, it also helps maintain the conditioning so once you heal and regain health, you would not be starting back to square one.

In addition, most use cross-trainers for weight loss. It can burn up to 240 calories every 30 minutes on the machine while simultaneously also toning down areas of the body. It accelerates weight loss but it does not just reduce itself to a cardio machine.

Another amazing use of cross-trainers is that it is one of the most recommended physical fitness equipment for expecting mothers. Its low impact but good coverage movements ensures for a fit pregnancy. Not the same can be said to most machines.

If there is one equipment to actually put in your home, the most suggested option would be the elliptical because you would simply not need anything more, take a look at this website and you will see why ellipticals are one of the most machines in the home. Even if you aren't planning on buying an elliptical cross trainer then you should consider hiring one to help you figure out whether or not the machine is right for you.

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