By Albert Whitestaff

We all dream about winning the lottery and every time we watch those balls spin we think about what we would do with the money – buy big house, flashy cars, exotic holidays, expensive jewellery designer clothes and a range of other luxuries, not to mention never having to work again. However some lottery winners found it hard to keep hold of their winnings and the dream turned into a nightmare.

One classic example is Evelyn Adams, who actually won the New Jersey lottery on two separate occasions and receiving a total $5.4 million. However she went on to lose it all after developing a serious gambling problem and today she lives in a trailer.

Another lottery winner turned loser was William Post, who won $16.2 million in the Pennsylvania lottery in 1988 but now lives on his Social Security. He was successfully sued by a former girlfriend for share of his winnings, his brother was arrested for hiring a hit man to kill him and he was emotionally blackmailed by other relatives into investing a series of failed business ventures.

Ken Proxmire was a machinist that won $1 million in the Michigan lottery but within just five years he had filed for bankruptcy. He burned through the money living the high life and is now back in his old job.

Willie Hurt won $3.1 million in 1989 but two years later he had nothing and charged with murder, having spent the entire fortune on a messy divorce and a bad drugs habit. Another lottery winner turned criminal was Charles Riddle, who won $1 million in 1975 but then got divorced, faced several lawsuits and was convicted for selling cocaine.

Financial planner Susan Bradley, who wrote a book, entitled “Sudden Money: Managing a Financial Windfall,” believes that the emotional stress of a big lottery win is what can turn good fortune into disaster. She said that, “There are two sides to money. The interior side is the psychology of money and the family relationship to money. The exterior side is the tax codes, the money allocation, etc. The goal is to integrate the two. People who can’t integrate their interior relationship with money appropriately are more likely to crash and burn. Often they can keep the money and lose family and friends — or lose the money and keep the family and friends — or even lose the money and lose the family and friends.”

What is most common about these lottery winners that lost huge sums of money is that they did not really understand how to manage their spending. It seem inconceivable that in a matter of years people could spend millions but an excessive luxury lifestyle is hard to maintain for long and bad investments on a big scale can go horribly wrong.

So if you are lucky enough to win the lottery, make sure you take care of your money and adopt a sensible approach to life or you could lose everything and find yourself being another cautionary tale.

About the Author: Albert is an expert debt consultant who specializes in helping people to remove their debts from their lives, whether it by via an IVA,

debt management plant

or

bankruptcy

, Albert has the experience to help

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By Tim H Lambert

Any person who has a poor credit score is eager to find some tricks to improve credit score. Why do they need good credit score? It is for the approval of the loans they applied. Good credit score also get them good insurance rates compared to poor credit score. Remember that creditors or lenders will look up to your credit score in evaluating your risk as a borrower. Here are some of the effective tricks that can boost your credit score in a short time.

The best and easiest trick to boost your credit score is by reducing your ratio of limit-to-balance in your credit accounts. Try to reduce you ratio in the range of 30% to 50%. For example, if you have a $10,000 limit on your credit account, you will want no more then $3000 to $5000 in your balance. Your credit will drop anytime you overuse your credit and the ratio exceeds the limit. The proven and fastest way in reducing your balance-to-limit ratio is to pay down all your balance, if you can. It is also good to give a call to the lender and then ask them to give you an increase in your credit line. If the two options do not materialize, you can choose to spread your balances to other credit cards while keeping all their ratios below 50%.

Another trick that will work for your good is to link an old credit line to your credit history. This is an old credit repair trick. In order to be successful in this trick, you will need a close friend or relative, and that friend or relative must have nice credit and a credit account having a low balance-to-limit ratio. You can add them as an authorized user in your account; this will help you placed a positive credit history in your credit report.However, this trick is not applicable to all. The key point here is that there is a person close to you that will not make a poor credit. If person suddenly starts late payment, it can affect your credit.

One of the most probably and best tricks to improve credit score is the utilization of a secured credit card. Secured cards can give quick positive history in your credit report that will definitely affect your score positively. Secured credit will work because it is like an ordinary credit card in terms of reporting, however, it is easier to get. All you really need is a job and the capability to re-pay the card.It is typical that the lenders hold cash deposit that equal to your credit limit in an account. This is an assurance that they will not lose their money. Defaulting on your account will prompt the lender to take the amount you borrow from the deposit. However, cancelling the account or getting upgrade to an unsecured account makes the deposit refundable.

Another simple trick you can do to increase your credit scores is by investigating your credit report. If you find any false or old items, dispute it. Most of the time, creditors, or lenders will not face disputes especially on the accounts that are three years old and above. Disputing is possible through the websites of the credit bureaus.

About the Author: Improve your credit score now, go to

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People who are earning fixed income or people who are doing business for them it is easy to obtain cash at the time of emergency. Those people obtain benefit from government who are physically or mentally disable, such people, hardly able to meet their basic needs on time. To help such people lender has crafted Loans for people on benefits. You can apply for this credit without any stress and can meet their urgency.

Loans for people on benefits is design in such a manner that you can apply for this fiscal scheme whenever emergency knock at your door. In this fiscal scheme you can obtain two type of aid secured and unsecured aid. In case of secured aid, you have to pledge your valuable property with lender as collateral. The amount you can obtain will depend upon the value of assets. The amount will vary from 25000 to 75000 and you have to pay back that amount from 5 to 10 year. The rate of interest will be low.

In case of unsecured aid, you are not required to take risk against your valuable property. This credit is unsecured in nature. People who are living as tenants or non-homeowner can approach this aid. The amount you can obtain will vary from 1000 to 25000 and you have to pay back that amount from 1 to 5 years.

In loans for people on benefits are free to spend the amount for various purposes such as Repairing of house, buying second hand car, paying school fee, Paying grocery and electricity bills, Buying new multimedia mobile phone, etc. Even to obtain cash from this credit you are not required to do lots of paper work.

To avail cash you need to submit certain documents which are as follows-

Borrower should be citizen of UK

His minimum age should be 18 yearsMust have valid account in the bankShould have regular source of income

In this fiscal scheme all borrower application are accepted. It means people who are holding terrible score such as CCJ, IVA, Arrears, Defaults, Insolvency, Bankruptcy, Late payments; Foreclosures etc can also apply for this aid. If such people want then they can improve their tag on time by paying off loan of time. To apply for this aid you need to fill online application.

Article Source: sooperarticles.com/finance-articles/loans-articles/loans-people-benefits-hassle-free-aid-disabled-without-any-issues-639922.html

About Author:

Sebastian William is financial adviser with Bad Credit Loans Online. For more information on cash loans, quick loans, unsecured loans, small cash loans, fast payday loans, bad credit cash loans and loans for people on benefits for more information please visit at loansforpeopleonbenefits.netAuthor: Sebastian William