Finance (Photo credit: Tax Credits) |
The global economic turmoil has, in one way or another, affected every
single one of us. And many of us have found themselves in completely different
financial situations and are now trying to find someone who could help them
with their new issues and difficulties. Thankfully, it seems that it is
ridiculously easy to find free relevant help on various websites these days.
But is it really that easy? Aren't things a little bit more complicated?
The Issue of Relevance
Well, the truth is that free advice often comes with plenty of strings
attached. Let's start with the most important issue – the relevance of the
advice. What you are often going to find when browsing through the various
websites is general help for general issues.
It will then be left to your skills and intelligence to figure out how
exactly do those hints apply to your specific situations. There is no doubt
that you will be able to put some of those things to good use, but there will
surely be more questions on your mind – and what are you going to do then?
Trustworthiness
You
also have to remember that financial matters are often rather sensitive, so you
certainly do not want to share them with someone you cannot trust. Well, would
you really trust someone you know only from a website to give you good advice? And, if asked
to (and it's really hard to see how someone could give you more than just
general tips without getting more information from you), would you want to
share your private information with that person? The answer to both of these
questions surely has to be negative, doesn't it?
The Hidden Costs
Furthermore, you have to be aware of the fact that those who are offering free
help on-line are not really doing it out of goodwill. You will soon find out
that only one particular company will be suggested as the ideal choice and that
other alternatives are going to get no mention at all. That is not to say that
you are not going to find genuine and objective advice from time to time, but
can you really take the risk of being led astray and having to spend more time
and resources later on?
Conclusion
At the end of the day, it is easy to see that paying for an actual
financial advisor might be worth it in most situations. Of course, there is no
need for doing so if you are looking only for a few small hints and tips that
could point you in the right direction, but you should undoubtedly get a
professional to help you out with some of the more complicated and sensitive
issues.
Professional financial advisors will give you trustworthy advice that
will be relevant to your specific situation with no strings attached
whatsoever. They will help you compare all the various options objectively and
without any hidden advertising. That help comes with a price tag – but its
always more than worth it.
Hugh Tyzack is the founder of GBP Loans Limited, which specializes in no
fee guarantor loans and which is now one of the UK's biggest providers. You can
find more details about 12
month loans from
www.loansforbad-credit.co.uk by visiting his site. You can also
follow Hugh on Twitter @GBPLoans and on Google+.
To be honest I think that it better to hire a financial adviser rather making decisions without a professional consultation. I have already once made that mistakes and got myself involved with cash advances, all of my credit cards had overdraft. So judging from my personal experience, I would rather hire a consultant than face big debts ever again. I realize that this service can unlikely be called cheap, but it worth pay one time and feel yourself on a safe side. Thanx a lot for letting us know about hidden costs. I have always suspected that there was something out there my calculation could not catch.
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