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Freelancing – The financial difficulties

No matter how skilled you are, you have to be good at business to make it work. You could be the best copywriter, web designer or photographer in the country, but if you can’t pick up the clients or sell your services at the right price, then you’re going to struggle. There are often sudden dips in earnings for freelancers, but the more clients you pick up, the more security you gain. You can, however, charge clients a retention fee. This basically means that they can call on you at any time, and you will be ready to provide the service. They’re essentially ‘retaining your services’. This is something you should look into if you manage to find a good number of interested clients. Remember a good service goes a...

PayPal Friends and Family – Be Cautious

If you have a PayPal account, then you have probably heard of PayPal Friends and Family. It is essentially a service that allows family and friends to transfer money to each other. Some sellers will ask you to buy their goods this way, but you should be very careful. They are basically asking you to do this because they do not want any sellers fees coming out of their PayPal account. This will happen if they use the normal, correct PayPal method. At the end of the day, if they are not your friends of family, then you shouldn’t buy any goods via this method. If you do choose to do as they ask, then PayPal Protection will not cover you; so always state you will only buy via PayPal...

Why do Online Banking systems crash / collapse?

Online bank systems such as nwolb.com have come under scrutiny in the last few years due to the amount of maintenance that the system has had to undergo. The reason being why these types of systems have had to under such a large amount of re-structuring in the last few years and months is down to the fact that on average, each day, these types of systems see up to 1,000,000 potential entry break points of unknown hackers trying to break the system. The security team behind something like the natwest online banking system, which has been running for a number of years now, must be extremely experienced and knowledgeable in being able to ward off any potential hackers, otherwise, the back could find itself in a sticking situation, especially...

Payday Problems for HSBC Customers

Thousands of people with HSBC accounts have not been paid ahead of the bank holiday weekend due to a technical glitch. Around 275,000 payments to HSBC business customers have been affected. The bank are still investigating, though it is thought that the issue is linked to the national Bacs system. This means that other banks may also be affected, though it looks at the moment to be limited to HSBC. Customers began to notice problems earlier this morning when payments failed to be made into their accounts. Numerous customers have reported struggling to get through to HSBC to ask for further advice, and many have been using social media to notify the bank of their difficulties. HSBC were originally not aware of the issue when customers began reporting problems at...

Business Start-Up Loans

Start-up loans are a government initiative designed to help support new business starters and entrepreneurs. They’re available to people who are 18 years or over and living in the UK. If you have a business idea and need some support and financial help to get going, a start-up loan is an option you might want to consider. The scheme is run by the start-up loans company, and help is offered throughout the process. Once you’ve registered, you will need to make a business plan, which a business advisor will provide you with on behalf of the loans company. If your application is successful, you’ll come out with a fixed term low-cost loan. You can borrow up to £25,000, for between 1 and 5 years. You can also take advantage of...