9 Tips to Save And Earn More with Your Money

No matter what you are saving for, whether it be a home, a car, or a sense of financial security – having a goal in mind is a great way to give yourself incentive and motivation. Look after your finances, and follow these tips to save more in 2017.

  1. Create a budget

Knowing exactly what’s happening with your money will help you immensely. From how you’re spending, to how much you can afford to save, to the length to reach your saving goals – keeping track of your money with a budget is vital.

  1. Avoid using credit cards

Interest-free payment methods such as prepaid Visa cards can be a much better alternative to traditional credit cards. Although credit cards are convenient, it can also very easily lead to overspending because of the available credit. Overspending can lead debt accumulation over time. Making purchases or settling bills with a prepaid card makes it far easier to spend and save money.

  1. Request overtime

Working overtime is a great way to supplement your income effectively. Before applying for a second job, see if your current employer is willing to give you some overtime – just a few hours a week can really add to your savings. While you’re at it, ask to be paid with a prepaid payroll card program instead of traditional cheques. Prepaid payroll cards eliminate costly cheque cashing fees and long bank lines which means it can be more time and cost efficient for you. (more…)

How to Borrow Money in an Emergency

If you need to borrow money quickly, it can sometimes be hard to know where to look. Some people are able to use an overdraft or credit card but these are not options available to everybody. You may have already used these or you may not have them. This may be due to a poor credit record or because you have never needed them before. If you are in this situation, where you need money quickly and cannot use a credit card or overdraft then a short term loan could be the answer for you.


With a short term loan you get an instant decision, which means that as soon as you have completed the application you will know whether or not you can have the money. This is really useful as many other ways of borrowing can take a lot longer. If you apply to your bank, for a credit card or overdraft, for example you could wait weeks or longer to find out whether you application has been approved. Then if it has not, you will have to apply elsewhere. To find out right away means that it should not take long before you can get the money that you need and this will enable you to start arranging the loan really quickly.

A short-term loan does have its risks though, so you need to be careful. If you do not repay it on time, there will be fees, like any loan, but these can be more expensive. Therefore make sure that you will be able to manage the repayment when it is due and that you only borrow the amount that you need, rather than more. It can be tempting to get a bit extra just in case you need some more money before you are next paid, but this will mean that you will pay more interest and it could be harder for you to afford to repay it. (more…)

Guarantor Loans, Some Major Advantages Over Other Loans Types

When it comes to loans, there are a whole hosts of different types, all with different points of merit and criteria that can be fitting of many different types of people.

Here we are going to look at some of the key differences between guarantor loans, and payday & logbook loans.

With payday & logbook loans, the interest rates are usually much higher than with guarantor loans, there can be many reasons for this, ranging from, the perceived risk of lending to the demographic of a given loan, i.e are payday borrowers as likely to pay back as someone who wants a guarantor loan?

There are also other reasons for the differences in interest rates, a guarantor loan is guarantee in repayments by a third party, and this third party must have a source of income, a reasonable credit rating, and in some cases be a tenant.

In general, guarantor loans can be administered as quickly in 1 day, meaning that if a potential customer made an application, and qualified for the loan, and the guarantor was accepted, they could have the cash in their bank within 24 hours.

Guarantor Loans

This affords lenders additional security in relation to borrowing to people wanting guarantor finance.

When it comes to logbook loans, a vehicle is put forward as collateral, with vehicles being depreciating assets, they will usually only offer up to 70% LTV, meaning that if you want a loan of £7,000, then your vehicle must be worth at least £10,000 AND it must be free of any outstanding finance.

There are no such issues with guarantor loans, because the loan has someone who is prepared to make the repayments in the event that the customer finds themselves in a position where they cannot make them. So lenders are working with less risk and this can be reflected in the interest rates, passing a lot of that saving on to the customer.

Also, Guarantor loans are not as subject to a credit check as people who take out payday loans, because, again, the loan is guaranteed by someone who can afford the loan, so there are no issues around the (sometimes astronomical) interest rates charged by payday loans companies. (more…)

The time has come to reclaim your money from a mis-sold PPI

Certainly, the recent discovery of PPI mis-selling scandal has led to the realisation, too that banks and other known lenders have been robbing people of their hard earned money for far too long. PPI claims have been made all over the country and news had it that there are still potentially millions of people entitled a PPI refund as a result of the High Court ruling over the scandalous ways of ripping off a staggering amount of money through selling the policy. Billions of pounds have been required to be allotted only to compensate those who were victimised by this horrid fiasco.

But how does PPI really came to affect anyone’s finances to a point that selling it became fraudulent? Well, you most probably have learnt that Payment Protection Insurance is meant to help you keep up with your repayments so your debt will not skyrocket if you suddenly become sick, meet an accident, or are made redundant at work. The policy will cover a percentage of the dues until such time you’re back on your feet or after 12 months, whichever is higher. This idea has been very well inviting to those who are worried about such situations.

reclaim your money

However, in the recent years, banks and other insurance brokers found numerous ways to push people into buying the policy without educating them to it. A vast number of these policies were merely shoved down consumers’ throats even those who were ineligible. Imagine the disbelief and shock that these people went through when they came about the fact that they were not eligible for cover because they were underage, overage, had pre-existing medical condition, or were not employed on a full time basis. There are those, too, that were not informed that PPI was optional and was advised otherwise. They were made to believe that it will determine the approval of their application for any credit agreement.

In much worse situations, thousands of people have yet to find out they have PPI alongside their credit. And when they do… well, you could very well imagine how furious they can get. Yes, there were a lot of instances when banks simply signed their customers up to PPI without their knowledge and agreement to it.

Now if any of this happened to you, you should not let it pass and do not pass up the opportunity to claim your money back at the soonest possible time. All you need at the moment is a great deal of recall of what happened at the time PPI was sold to you, together with presenting as much relevant paperwork with reference to the policy to get the ball rolling.

In reality, there are people making PPI claims on their own but you have the option of hiring the services of PPI claims advisers, too. The process will be the same when the case is reviewed. Opting for the latter will only give you the advantage of the thought that someone is doing all the works for you. Nonetheless, the same amount of effort will be done by the bank when they did the review.

Putting the PPI claim in writing will also be very ideal as the bank will have to refer to as much information and proof as they can. They’ll look into the case for you for 6 or 8 weeks and then reach a decision based on how valid your presented evidence is. It should run generally within that time frame unless there are complications or proof was not sufficient to reach a conclusion.

Banks are legally bound to inform you of what happens to your claim as soon as you have presented your case. They cannot find any excuse not to contact you after their review and if such incident happens, do not hesitate to demand for an answer or make a complaint to the Financial Ombudsman Service. The FOS will take over the review and put your banks actions in question, especially if they were trying to evade their responsibilities of making it right.

Roughly 85% of these claimants have been successful int the past several years and you should not waste any time by hesitating. As long as you are sure that PPI was mis-sold to you, there’s no reason to delay the only thing to make it right – make a PPI claim now and get the money paid to it back.

Embrace The Peace and Convenience Found Within PPI Claims Advice

We live in a world where everyone is trying to tell us one thing or another. Pick any topic discussed in the media, and you’re bound to get a thousand different points of view.

Payment protection insurance is really no different. What you will find is that people tend to react to payment protection insurance very fiercely. They often feel betrayed and they want their money back as soon as possible. The reality is that if you are thinking about the bigger picture, you might realize that you’re going to need some help in getting that money back.

It’s time to embrace the peace and convenience that comes from solid PPI claims advice. Why would you want to go through life not getting exactly what you want in terms of your money, your rights, your time, and your freedom? These things are pretty important, and you don’t want to end up getting left behind in terms of everything that’s waiting for you.

There’s always time to work on the things that really matter, when you think about it. You have to find a legal professional that understands how much you need justice. After all, it’s not just about the money. It’s about the fact that these companies have made grave mistakes that have cost you a lot across the board. The more that they acknowledge that, the more it will encourage people to actually stand up for their rights as well.

You might worry about the cost of an attorney if you’re really serious about getting the best PPI claims advice possible. The reality is that you get to work with a top notch professional on a contingency basis. In the industry, this is often called a no win no fee type basis. This means that if you don’t get a compensation award, there are no other fees to pay. Think of it as a “bet” on both sides that leads to a great outcome.

Now is the time to step up and fight for your rights. What else would you rather be doing? Make sure that you really do step out of your comfort zone. The more that you can honestly focus on the things that matter here, the better results that you’re going to get. Why not call up a claims company today, while it’s still on your mind? You’ll truly be glad you did!

Don’t Just Dream Of a Better Life, Use a Trust Deed to Make It Happen

Making the future come to life might seem like it only happens to a lucky few, but is that the case? Not at all. It’s all about making sure that you’re going to be able to think about the type of life that you want, and doing what you can to make that happen. It might take a few years, but nothing is really impossible when you think about it. What feels like it will never happen often is that way to us because we think that we should have it faster than what we really deserve. That’s something that can be pretty problematic, when you think about it. It would be better to make sure that you can actually handle the bills that are on your plate and then decide where you should go next.

The trust deed system isn’t something that’s going to take care of your problems overnight. It’s going to set up a path for you to climb out of debt, but the process can take a while. You will have to make sure that you’re paying your monthly obligation consistently. If you default, you could end up having serious charges to face, which will slow down your path to financial freedom.

If your finances change, you will need to make sure that you keep someone posted rather than just holding onto the money or struggling to make everything work in the case of having less money than where you were at the beginning.

The best thing that you can do for yourself is to get more information. You can go to any trust deed site to read up on the trust deed process, as well as the road to financial freedom itself. Don’t think that it’s out of your reach just because it seems far away.

The trust deed process is pretty straightforward, and it has a lot of benefits. The protected trust deed means that your creditors cannot hassle you once the agreement is in place. They don’t get to take any legal action against you — no fears of going into court at all.

What type of future do you see for you and your family? Why not reach for it in a different way than before? It’s waiting for you, as long as you’re willing to reach for it — check it out today!

Improve Your Credit History Starting Today

Having bad credit is a reality for a lot of the UK population. In the past you could still borrow even with poor credit, however mortgage providers, loan providers, credit card companies and banks wised up after it added strain to the economy and helped towards a market crash around in late 2007. This means the majority of finance providers are no longer able to help people with even slight marks on their credit history.

If no one with bad credit is being offered reasonable finance options you might wonder how on earth you can recover from a poor credit score and being declined for finance. After all having no credit at all can be as bad as having adverse credit in some circumstances.

Do You Have Bad Credit or No Credit?

The first step to recovering your credit score is to find out what, if anything, is causing a problem. It could be anything from missing a credit card payment, defaulting on car finance or getting a CCJ on a utility bill. You may also have no credit history, so without any previous commitments assess most providers are not willing to take the risk.

You can look at your credit record through a couple of different agencies. Experian or Equifax are often used by the providers themselves when running credit checks on prospective customers, so going to them yourself to get an accurate assessment is usually the most effective course of action.

At the time of writing both the above mentioned companies offer a 30 day free trial of their services.

Check Your Credit History

Once you have access to a credit report it is time to identify what is holding your score back. Here are some things to look out for:

•    Have you missed any payments?
•    Is there any old debt you have forgotten about?
•    Are you on the electoral register?
•    Are there any inaccuracies on the file?
•    Can you see any fraudulent activity taking place?

Prioritise Your Debt

Now you are on the electoral register, any fraudulent activity has been reported and inaccuracies have been corrected it is time to tackle the biggest hurdle, outstanding debt. Let’s look at an example of some problems you may find on your credit history and tackle them one at a time.

•    Credit Card 2 Months Down

In this situation you want to avoid defaulting at all costs. Call your credit card company and explain your situation. Work out a repayment plan to keep your debt from defaulting while making strides to pay it off as soon as possible.

•    County Court Judgement with a Loan Provider

County Court Judgements should be paid off as soon as possible, this is very important. If you have a County Court Judgement against you your debt has been to court and a Judge has ruled you must pay the amount in full. You will be sent a form asking how you are going to repay, and if you can’t do it in one lump sum it will ask you for a monthly repayment offer, along with income and expenditure to make sure it is affordable. The loan provider will then either accept or reject your monthly payment offer. Make sure make a reasonable offer as it is in your best interest that they accept.

•    British Gas Outstanding Bill

Ring up British Gas and ask if you can pay off your bill in instalments. If you do not in extreme circumstances they will take you to court and you will have a County Court Judgement against you.

•    Council Tax Bill with Debt Collection

Council tax is a priority bill because not paying it can land you in jail or with some ruthless bailiff agencies knocking on your door. If you are only slightly behind call up the council right away and set up a payment plan.

Those are just a couple of scenarios you may find yourself in. As you can tell the most important aspect is contacting and making arrangements with the companies you owe money to, if you don’t do this everything will escalate and you will find yourself in a worse position in 6 months’ time.

Improving or Creating Your Credit History

In order to rebuild your credit history you will need some form of credit. If you need a lump sum of money you can look at a guarantor loan or if you want a more flexible solution you can get a high APR credit card. Capital One, Vanquis and Luma are all companies that can offer you credit card products designed to help restore your financial status.

While it may seem strange that you need to take out credit in order to have more credit available to you, remember companies need to see proof of you borrowing and repaying monthly. If you can prove you are financially reliable then you are well on your way to repairing your credit history and having access to a wide range of finance products from banks, mortgage companies and low APR credit card providers in the future.

How to Save Money on Your Broadband Bills

We’re creatures of habit, so when it comes to our broadband bills, we’re unlikely to make the switch, even if it could save us money. However, staying with your current internet service provider (ISP) could be costing you up to hundreds of pounds every year, and with already rising gas and electric bills, especially around winter time, it’s important to make savings where you can.

Paying Less

The biggest mistake that people make is assuming that the market prices are frozen. Since you joined up with your ISP, it’s likely that broadband services have adjusted their prices and packages.

Firstly, evaluate your current internet service: unlimited and capped. Unlimited means you have free use of downloads and uploads, within reason. Capped means there is a fixed amount you can use, and exceeding your agreed, capped usage can result in heavy fees.

Do you need unlimited? The best way to answer this question is to work out your monthly internet usage. Capped fees are generally cheaper, so if your internet usage doesn’t take advantage of the unlimited service, it’s better to switch to capped. There are online services that can measure your internet usage, but some routers do this job for you: look for ‘SNMP support’ in the instruction manual and locate the information for accessing the data.

Broadband For Free?

If you are an occasional internet user, you will benefit from being subscribed to Sky TV. They’ll give you free broadband with a 2GB monthly cap and a 14MBits/sec service. Obviously, you still need to pay your subscription fees, but if you have Sky TV anyway, there’s no loss here.

My Speed

Ask your ISP if you can’t work out your internet speed for yourself, but there is an online service that can do this for you called ‘mybroadbandspeed,’ and it’s completely free.

To compare the prices and speeds of the available ISPs, use a broadband comparison site like Broadband Genie. Pay special attention to bandwidth (how much you can download) and speed offered, as you want a high quality service for what you’re paying. There is no point in chasing low prices if the internet service is rubbish.

Switching Over

Now that you’ve chosen an ISP that not only provides the level of service that you want but at the right price too, contact your current ISP and let them know that you want to make the switch. They may offer you a discounted service to keep you as a user, so it’s always good to discuss it with them first. However, if you still want to use a different ISP, you’ll need to…

• Request a Migration Authorisation Code (MAC) from your current ISP
• Wait for the MAC to appear (5 days max) and give it to your new ISP
• Your new ISP will let you know the date of your broadband transfer, and don’t worry, this shouldn’t affect your internet – you shouldn’t even notice the handover
• Prepare for changing your router – you may not have to, depending on your ISP but it’s okay, your new ISP will go through this with you

Applying for a Loan with a Poor Credit History

A poor credit history can be a real problem if you’re trying to apply for a loan. Poor credit can be caused by everything from missed payments on credit cards, through to defaulting on a previous loan. Younger borrowers that have not had experience taking out and repaying loans in the past may also struggle to gain a loan, while those that are between jobs can be viewed as more of a risk to lenders. Credit history reports are available from companies like Equifax, Callcredit, and Experian in the UK. When applying for a loan, it is therefore work thinking about the type of loan options available to you, what to avoid, and some of the ways in which you can try to boost your credit history.

Deciding on a Loan

Borrowers with a poor credit history are limited in terms of the best kind of loans available to them. Secured loans, whereby the principle of a loan and its repayments are made against an asset like a piece of property, are best in terms of low or fixed rates of interest. However, borrowers with a poor credit history are unlikely to be considered for this kind of loan, which is used most commonly with mortgage loans. Unsecured loans are a more realistic option for borrowers, in the sense that terms for interest can be negotiated around a specific plan like buying a car. However, a poor credit history typically means that a borrower will have to accept high repayment rates, as well as a longer contract.

What to Avoid

Borrowers with a poor credit history should be careful about not using their frustration with not being able to get a strong loan as an excuse for taking on a risky short term debt loan or debt consolidation agreement. In terms of the latter, taking out a debt consolidation plan can sometimes result in longer repayments and higher interest rates. While not always a problem, these loan types will be a long term commitment. More risky is a payday loan, which typically provides a cash advance of £50 up to a few thousand pounds, which is expected to be repaid on a next payday. However, failure to do can result in significant interest, which can be 4000 APR and above.

Guarantor Loans

A less risky option for borrowers with a poor credit history is a guarantor loan. Types of guarantor loans involve a third party acting as security for a loan, in effect allowing those with a poor credit history to have access to better terms and conditions for interest. The guarantor agrees to repay if the borrower cannot, and consequently should be a family member or friend who understands the risk inherent to thee loans. However, lower repayment rates can mean that the borrower is able to improve their credit history over time, and use that to take on more favourable loans without the need for a guarantor.

Improving Your Credit History

There are also some ways in which someone with a poor credit history can improve their situation. One way is to request a copy of your credit report with Callcredit, Experian and Equifax. You may find that there are errors and omissions in the report, which might include out of date information, or you being associated with a partner or family member with poor credit. By fixing information, and providing the most up to date records, you can help to avoid any unnecessary problems with your credit history, and improve your chances of receiving a good loan.