Author: Arush KeerthiBeing a tenant is considered to be disadvantageous.This is mainly due to the fact that tenants often find it difficult to avail loans.Lenders usually hesitate to approve finance to such borrowers.However,this is no more the case.Now, even tenants can avail loans.There are lenders who provide finance to such borrowers. It is likely that you are a tenant with a bad credit score.You can still avail loans.You need not feel...more
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 taking out a payment protection policy in order to cover your loan or credit card payments can work well in the event of being unable to work, you must give a lot of thought to which policy you take out. This means sitting down and reading the key facts that come with the cover and understanding them.It is important to be aware that there are exclusions included in the protection that can mean you would not be eligible to claim. This means that the 24 quotes that were given to the watchdog that included cover could possibly have been mis-sold - had the consumer taken it without being aware that the exclusions existed?Those who only work on a part-time basis, are retired or self-employed, or who have an ongoing medical condition would not benefit...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...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 found with a specialist provider, so it is always best to compare the market with an independent specialist of loan protection cover.There have been many problems associated with payment protection and cost is just one of them. When the Office of Fair Trading began investigating in 2005 they found that the consumers were getting a very poor deal. The selling techniques were very poor and this led to many buying a policy they did not want or could not claim on. Following fines handed out by the Financial Services Authority and the Competition Commissions' investigation into the sector some changes have been made. Buying a loan insurance policy can be a wise move. With millions of people borrowing more than they earn by way of loans and credit cards it is essential that you protect your borrowing in some way. Relying on savings should not be...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...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