Providing you take the time to read the terms and conditions that come with a policy then loan cover can be a valuable asset. It is only when the consumer is ignorant of the exclusions and buys cover that has not been explained fully that problems occur. This was seen in 2005 when the Office of Fair Trading received a super complaint from the Citizens' Advice Bureau. Following this, the Financial Services Authority began investigating and...more
Payment protection cover has seen many problems over the last few years which have all had a negative effect on the family of payment protection products. One of the many problems associated with policies has been that they are 'pushed' alongside a loan at the time of borrowing. A popular consumer watchdog announced that out of 41 lenders they contacted regarding taking out a loan, 24 of them included payment protection with the quote.While...more
Those who have loan or credit card debts or a mortgage with repayments to make each month should give some thought as to how they would continue to make these payments if they were to lose their income. While you may turn to savings if an illness or accident prevented you from working for a short period of time, any savings you had would soon dwindle. If you were made redundant then it could take some time to find another job and struggling to meet your monthly commitments would only add pressure to already stressful circumstances. Income protection cover taken out with a specialist provider could give you a replacement income if you lost yours, along with peace of mind.Payment protection insurance can be taken out for fixed monthly premiums, based on how old you are when applying for the cover and how much you need to cover each month. There is a limit to the amount of your income that you are able to cover and the provider will give details of this in the terms and conditions. By going with a specialist for the protection you can be sure that the policy will be a quality product. It will come with very few exclusions and cover is backdated to the first day you came out of work....more
If you were to suddenly find yourself without an income, due to losing your job or being unable to work for health reasons, your lifestyle could change drastically. If you have monthly mortgage repayments to make you would still have to continue meet the costs or risk losing your home to repossession. Loan or credit card repayments would also have...more
To get the cheapest premiums and a quality policy you understand you need to shop around for loan protection cover. When taking out a loan the majority of lenders will offer loan protection cover alongside the money you are borrowing. However, very often the premiums lenders charge for a policy can be up to 80% more than with the cheapest quotes...more
Bad credit often poses a lot of problems for the borrowers who are in need of money. They too may have needs that require fulfillment. They may just want to take up money with the aim of improving their credit history. The borrowers for these purposes may take up bad credit loans easily.The money that is available to the borrowers may be used for any purposes which are personal like educational expenses, wedding expenses, car purchase, debt consolidation, home improvement, business needs, travel expenses, medical procedures etc. Any needs of borrowers may be fulfilled without any issue through these loans.The borrowers can get money for their needs easily through the secured or the unsecured form. Money may be borrowed in big or small amounts and this is the factor along with the possession of assets that decides as to which option the borrower wants to avail. The secured form of these loans is availed by the borrowers who are in need of money in big amounts and are required to pledge collateral for approval. Money is available in the range of £5000-£75000 for the borrower's usage. The borrowed amount is required to be repaid in a term of 5-25 years. The people requiring smaller...more
If you are not in a position to offer an asset to avail loans, it is not at all a matter of great concern. Nowadays, there are lots of options available in the financial market. One such loan option is secured loans. These loans can be acquired...more
When the times are disturbing and what you need to mend all that is a bit of financial help, it should be availed with utmost care. But what if you have a bad credit history to shoot up the issues you are facing. The solution for such cash issues...more
Feasibility is a way to secure a provision. Secured form of lending has no doubt has precedence over other forms of loans. But you see there is a majority of people who are not able to provide collateral as for the security of the loan. And for the...more
Are you in need of only smaller finance? Instead of jumping to any loan offer that comes your way, better take into account all the aspects of the loan and keep your requirements and circumstances in mind. While you apply for unsecured loans, do not...more
People suffering from a bad credit history often are faced with dire consequences when they need more money for fulfilling some needs but their earlier financial past does not let them get out of the trouble. There is however one option available...more
Borrowers who are used to the process of taking up loans may be aware of the intricacies involved and about the bad credit issues as well. In times when the borrowers are through a phase of bad credit and require more money to fulfill some needs,...more