Category Archives: Auto Loans
Payment Protection Insurance – The Facts You Need To Know
Payment Protection Insurance cover is a type of cover that is offered with finance such as credit cards, store cards, and loans. Like other types of insurance cover Payment Protection Insurance, or PPI as it is simply known, is designed to provide financial protection under certain circumstances. When you take out finance you may do so under the assumption that you will be able to keep up with repayments throughout the term of the finance. However, this is not always the case, as life does tend to throw a few surprises our way, and this is where PPI can kick in.
PPI is designed to cover your finance repayments for a specified period in the event that you are unable to work and make your repayments due to sickness, accident, or redundancy. The terms and conditions, including the restrictions and exclusions, with this type of policy can be strict, and therefore you do need to carefully check the small print to ensure that the policy is suited to your needs. Not everyone will benefit from PPI – for example, this type of insurance covers your repayments in the event of redundancy, but this is something that you cannot benefit from if you are self employed.
The cost of PPI can be high, but at the same time this form of cover can offer valuable peace of mind, so it can be difficult to decide what to do. Those that do not want the expense of PPI should remember that this is not a compulsory form of cover and there is no obligation to take any PPI cover out at all. For those that do want this protection but don’t want to pay a fortune, it is worth remembering that you are not obligated to take your cover from any particular provider, and therefore you may be able to save money on the cost of cover by shopping around and comparing different PPI plans from a number of providers.
Whether or not you take out PPI with your finance is entirely your choice, although some lenders may make it sound as though this cover is necessary and even make it sound as though taking out PPI will increase your chances of getting finance – this is not the case. PPI, like other types of insurance, provides optional protection to consumers for a price, and you need to weight up the pros and cons before you make a commitment. You should also make sure that you check any policy that you are thinking of taking out carefully to ensure that the cover is suited to your needs and circumstances, otherwise you could end up wasting a large amount of money on insurance that you can never benefit from.
Some insurers however to offer protection schemes specifically designed for self-employed people so they are not paying for benefits which they would not benefit from.
Easy Loans For Home Renovation
Summary: The monetary requirement for home renovation purpose is financed by the home renovation loans. These loan plans can be secured or unsecured depending upon the pledged security.
How many times do you find your kitchen small and how many times have you thought of making it more spacious! Now do not give a second thought and just go for the renovation of your kitchen. You can also add latest cutlery sets and give your kitchen a trendy look. Not only the kitchen, the terrace and landscape, living room can also be given a fashionable gaze. New swimming pool can be constructed. All these ideas are related to value addition. They make your house more stylish and glamorous.
Loans for home renovation can be secured or unsecured. Both these loan plans are available in the UK financial market. The requirement of the borrower is the guiding force behind the selection of a particular loan plan. Both the loan plans meet all renovation purposes.
Secured home improvement loans are the lower interest loan plans where you need to pledge your residential property as security. Your house is the thing that makes you able to take cheap rates and flexible repayment terms. It gives the lender a feel good aroma and that’s why he offers you the loans at cheap rates. You can take the loans for a term ranging between 5 years and 25 years while the amount advanced in these loans goes up to £ 250,000 starting from £5000. These loan plans are open for a bad credit holder too. He can easily take the loans only with a slight hike in the interest rates.
Unsecured home improvement loans not only serve the home renovation purposes rather it also provides many benefits to the home owner as well. Tenants and homeowners reluctant to risk their house are the only beneficiaries of these loan plans. There is no fear of repossession of residential property in cases of defaults. However these loan plans charge a higher rate of interest compared to the secured loan plans.
These loan plans are available online where applying is free. Also, you have to apply through a simple and small application from for the home improvement loans. Online application is a relatively newer trend in the UK financial market. Through an online application, applicants submit their details from their homes or offices on a secured internet connection conveniently. Internet is the fastest and easiest way to approach different lenders directly. It is advisable to go through all the terms and conditions of various lenders carefully before applying for a loan.