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No doubt, debt effect sometime becomes very awful. It can increase your debt burden, affect your monthly budget and so on. Thus, you need to follow a proper programme to manage your all debts. In that case, debt management can be bedecked for you.What is Debt Management?As the name refers, debt management is a process that helps debtors to manage their debts. It includes the methods like debt consolidation, debt negotiation, debt elimination etc.Different methods:Various processes of debt management are as follows:oDebt consolidation: This process emphasizes on consolidating various debts into one single debt. Generally, in such cases borrowers avail a separated loan that covers all the existing loans of borrowers. And by combing all debts into one, a borrower can easily manage his debts.
These days, debt consolidation loans are easily available. Besides, debt consolidation can be done through mortgage, remortgage, credit cards, home equity and through debt settlement.oDebt negotiation: Debt negotiation is also a popular process. Here negotiation plays an important role between borrowers and creditors. By trying to negotiate with creditors for debts, a borrower can make the terms and condition in his favour. Thus, it helps him to manage his debts.oDebt elimination: Debt elimination is also a useful programme for managing debts. In the programme of debt elimination borrowers can be able to eliminate 100% of their credit card debts. Many agencies provide debt elimination services that will help you to know how you can eliminate creditor’s payments.Debt management service:Debt management services are also available these days. These services offer counseling on making budgets, credit and housing counseling and debt repayment plan.
In return, they may ask for a commission for the transfer or get fees from the lenders. However, normally, these services are provided for the debts that are unsecured.Coming out of debts is not as easy as getting into it. Thus, a borrower needs to follow a debt management programme that will enable him to manage his debts properly and stay away from debt-difficulties. Besides, taking some initiatives can be helpful to manage debts, like:Making proper budget and following it: By making, a proper budget regarding your expenses and following it properly, you will be able to reduce your debts.Lessen expenses: At the time of following the budget, expenses need to be maintained. Borrowers try to spend money for relevant purposes instead of overspending.

As a provider of several different ecommerce shopping cart websites to clients all over the world, there is one particular question that I get asked time and time again: “Should I use a free ecommerce shopping cart or a hosted solution?”. My reply is always the same: “It will depend on your specific requirements”.I have always said that no one ecommerce solution can cater to every single customers individual requirements. We will all have different needs, and we will be trying to achieve different end results.I wanted to take a look at the pros and cons of these two different types of ecommerce options.What are the differences?Usually with a free ecommerce shopping cart you will need to do everything yourself. From choosing your domain name, to selecting hosting, installing your ecommerce software, designing it etc.With a hosted ecommerce solution provider many of the required steps are already taken care of for you. You still need to decide upon & register your domain name, but hosting is taken care of by the ecommerce company that you choose.Hopefully taking a look at the pros and cons of each will help you to decide which best suits what you are looking for.Free Ecommerce Shopping CartWith a free platform you will first need to decide on platform you would like to use. Zen Cart and OS commerce are popular but are getting old and becoming less supported. Magento, Presta shop and X cart are the choice of the professionals, but have a steeper learning curve.Pros
It’s free! – You can’t get any cheaper than getting something for free ay?
No tie-ins – There are no commitments with free ecommerce solutions. If one particular platform is not working for you, you can usually just start again on another ecommerce platform.
You have full control – The great thing about hosting and running your own ecommerce store is that you will have full control over all aspects of your store and so cn be a bit more flexible. Some people may find a hosted solution quite restrictive.
Cons
Little to no direct support – You are usually on your own support wise when it comes to free ecommerce solutions. So if something goes wrong, you’ll need to either consult forums for the answer yourself, or outsource and hire a developer to fix things for you.
It’s harder to install a new theme – Depending on the ecommerce solution you choose, installing a new theme can be a complicated process. You will usually need to access your websites core files and upload your new theme using FTP (File Transfer Protocol) software such as file zilla.
Updates – You will usually be on your own when it comes to ensuring your shopping cart software is up to date. Some updates for the software you are using could include important security patches or bug fixes.
Security – How secure your website is from hackers will rest with you and you alone.
Hosted Ecommerce Shopping CartThere are several companies out there not that provide a hosted solution for a reasonable monthly fee. Each company also has their own pros and cons as well as differing feature-wise. You will need to invest time into deciding which best fits your needs. Big commerce, Volusion and Actinic are popular choices.Pros
Free themes – Several free themes are available for hosted ecommerce solutions that are usually just one click away to install.
Better support – The majority of hosted ecommerce solutions will have a helpful in-house support team that you can turn to if you are having any problems with your store.
Updates – The ecommerce company that you choose will usually ensure all customers are running the latest versions of their software.
Security – No ecommerce company would want their platform – or a customers website to be hacked. The majority will do all they can to reduce the chances of this happening.
Easy installation – Most hosted solutions are very simple to set up. It’s usually just a case of entering your details.
Cons
Not as flexible – Those who prefer to spead their wings and experiment with their store may find a hosted solution quite restrictive.
You’re tied in to a monthly fee – Whether your website becomes instantly profitable or not, you will be tied in to paying a monthly fee that will range anything from $10 – $20PM.
No core file access – For security reasons hosted solutions will not give you access to your websites raw code. They instead make all aspects of your store editable by using the likes of a WYSIWYG editor ( what you see is what you get ).
So as you can see, the choice when it comes to ecommerce is not an easy one. I personally prefer the flexibility that the free ecommerce platforms can provide; but I can also see why hosted ecommerce solutions are becoming more and more popular.