At-Home Breakdown Cover

Everyone knows that it isn’t any fun to have a mechanical failure with no cover in the middle of nowhere. But one of the common places for vehicle problem is right in your own driveway. Many breakdown policies have a distance-from-home clause written into them. At least ten miles from your residence is the usual requirement.

Trouble in the Morning

Mornings are often hectic even in the most well-regulated households, especially if children are involved. But even if you have only yourself to get prepared and out the door, even the littlest things can cause serious delays. Some common morning problems include:

  • Your vehicle fails to start. This can be from cold weather or because someone didn’t close a door or left the radio or other battery-draining device turned on in the car or truck.
  • The car door is locked – with the keys inside. The engine might or might not be running. This becomes even scarier if a child or pet is locked inside during extreme weather temperatures.
  • You have a flat tire. And the spare is flat.
  • Your vehicle is out of gas.
  • A rodent has eaten vital wires that connect to spark plugs or other devices. Squirrels and rats are frequent culprits for this kind of behavior.

None of these things are items that you wish to deal with first thing in the morning, especially if your morning schedule is calibrated to the last second. While your breakdown cover won’t completely prevent those precious minutes from ticking away, your mobile agent is probably your best chance of arriving at your destination in a timely fashion.

Adding At-Home Cover

Adding at-home cover to your existing breakdown policy is usually just a matter of making a request or even just ticking a box when filling out your application. For a modest amount, you can count on having someone to unlock your vehicle, give you a jumpstart or change that flat tire. You won’t even have to get your hands or your office wear dirty.

Covered Everywhere

You can count on that same coverage just about anywhere in your home territory, whether you are grocery shopping, delivering the kids for sports practice, going to work or dropping off those late library books. But you do want to read the fine print on your policy.

Things to check include:

  • Your regular work commute (for some, this is another one of those boxes that need to be ticked off in order for you to be fully covered.
  • New or learning drivers
  • Whether the account accrues to the driver or to the vehicle
  • Miles on your vehicle
  • Whether you cross a county or country border
  • Business use of your vehicle

Read carefully to be sure that you have accurately and truthfully filled out boxes such as how many miles you travel each day and common usages of your vehicle. Being in the wrong place during an undisclosed activity, such as driving for Uber or delivering pizza after your regular work hours could result in denial of benefits. No one wants that.

At-home or on the road, a correctly set up breakdown cover policy can make a world of difference in whether you arrive in a timely fashion. Morning might not be your favorite time, and it can already be crowded with many considerations. A vehicle that doesn’t work just should not be a part of your morning routine.

Talk with your regular insurance agent. He or she might have an in-house breakdown cover that can be added to your full coverage or uninsured motorist collision insurance. If that is not the case your agent might be able to recommend a provider company.

Lowest APR Loans Require Excellent Credit Scores: Cheapest Rate Loans for Good Credit Ratings

The cheapest rate loans save customers money as they reduce the profit margin that lenders enjoy. In order to avoid bad debt, lenders use a credit scoring process to determine the likelihood of the borrower defaulting. Customers who have an excellent credit score will be approved for the lowest APR loans because those who fall into this category rarely experience difficulty repaying debt. Borrowing money from banks and person-to-person lenders will prove far more affordable.

Advice Before Applying for the Lowest APR Loans

  • Before applying for the cheapest APR loans, always request a free credit report and check it for errors. A surprising number of reports contain erroneous information. Provided that the appropriate supporting information is provided, the Fair Credit Reporting Act gives that person the right to get any mistakes corrected.
  • Avoid making multiple applications for the cheapest rate loans. Whilst it may seem logical to do so, it sets off alarm bells amongst both banks and person-to-person lenders. This is because it is perceived as a sign of financial difficulties or event fraud.

Cheapest Rate Loans from Person-to-Person Lenders

An excellent credit rating (760+) means that peer-to-peer lenders, such as Zopa and Prosper, will offer the lowest APR loans. Borrowing money from banks doesn’t appeal to all consumers, but the above providers offer an alternative. Through an intermediary, people provide low interest rate unsecured loans to other people.

  • This peer-to-peer lender offers low rate unsecured loans for fair (C), good (B) and excellent credit ratings (A* and A). The limit is currently $25,000. The applicant writes a proposal and lenders are able to bid against each other to bring down the interest rate. (U.S. customers). Low interest loans are currently available.
  • Borrowers are also categorised in accordance with the risk of default that they present to lenders (A*, A, B, C and young market). Although the APR is higher, they offer loans for good credit to young customers. Excellent credit loans (A*) currently start from 10% APR.

Borrowing Money from Banks with an Excellent Credit Score

  • Use comparison websites to trawl the market for affordable loans. Rather than applying too often, be selective. The lending criteria are always clearly stated so an applicant with an excellent credit score has a high probability of being accepted for the lowest rate loans.
  • Customers who have an established relationship with an existing bank have a far higher chance of receiving approval. Lenders dislike customers who have no credit history almost as much as they do those who have failed to maintain their repayment schedule. An existing customer will have a proven track record and may even have pre-approved offers available.

Approval for Loans for Good Credit Score Ratings

Although more expensive than they were a few years ago, an affordable loan saves the customer money. Even in a bad economy, applicants who have an excellent credit history stand the best chance of loan qualification. This is because banks and person-to-person lenders not only need low risk customers, they also want to cross-sell other financial products and services. Perform a cheap rate loan comparison and only submit an application when the lending criteria are indicative of success. Making too many credit applications will be construed negatively by all prime credit lenders.

Doorstep Loans – Pros and Cons: Bad Credit Rating, Low Income, Money Problems

Consumers normally turn to doorstep lenders when other sources of personal loans aren’t available. The main reasons why consumers turn to doorstep loans are a low income and bad credit rating due to loan defaults. Doorstep loans of between £50 and £500 are normally available.

The biggest doorstep lenders are: Cattles, Provident Financial, London Scottish and S&U. A recent Equifax survey found that 32% of people with a bad credit rating had taken out a doorstep loan to help with money problems.

Advantages of Doorstep Loans

  • Emergency situations. A doorstep loan could provide the necessary cash to cover the mortgage, rent or utility bills. Whilst many people turn to Payday loans, doorstep loans are a cheaper alternative.
  • Bad credit and low incomes. Most financial institutions will reject loan applications from those struggling with money problems and high levels of personal debt. A doorstep lender will assist consumers with bad credit and low incomes.
  • Any purpose loan. No restrictions exist in terms of what a doorstep loan can be used for. Whilst some people use them to pay their rent, others use them to cover the cost of a vacation.
  • Unsecured loans. Whilst doorstep loans do charge a high APR, they are unsecured loans and don’t pose an immediate threat to the family home. However, in the event of loan default, it is possible for a lender to get a County Court Judgement or CCJ issued prior to a charging order.

Disadvantages of Doorstep Loans

  • High rate of APR. Doorstep lenders charge up to 365% APR. Although a high APR rate is payable on doorstep loans, this does reflect the risk posed to the lender. This appears to be true as Cattles share price has plummeted and they are no longer taking on new business.
  • Missed or late payments. When an emergency presents itself, it can be difficult for those struggling with money problems and personal debt to make payments on a doorstep loan punctually. This will result in late payment charges and further interest, making it harder to cover other household bills.
  • Personal debt. Consumers that are already struggling with money problems and high personal debts may find that a doorstep loan only serves to make things worse.
  • No independent advice. Doorstep lenders don’t offer a source of impartial advice as they make commission from sales. This means that those already struggling with money problems and high personal debts don’t realise that the high APR could make their money problems worse.

Peter Freeman, chairman of the Competition Commission said: “Customers value home credit because it suits their needs very well but the fact is that they are paying too much for it, because of the lack of competitive pressure in the market.”

Whilst a high APR of up to 365% may sound excessive, a doorstep loan still represents a more attractive borrowing proposition than Payday loans you can compare the two here. The high APR does reflect the risk of lending to those with money problems, low incomes and bad credit. A doorstep loan should only be used for a genuine emergency and not luxury purchases.

Best Low Interest rate Credit Cards to Rebuild Credit History

Have you ever stumbled upon emails from Credit card companies that talk about loans to pay off credit card debts? Surely, you have. These are mostly advertised in the form of low introductory rate Credit cards and mostly targeted at people with credit card debts or who are trying to fix bad credits. You may be asked to complete simple forms to apply for the credit card and use it to clear your higher rate credit card debts, loans and other bills.

Sounds interesting, doesn’t it?

As appealing it may sound, you must be careful while applying for these credit cards. The term ‘introductory’ is the key. The low interest rates would last for a certain period and after that you will have to pay off the debts at the regular high rate. So banks and lending institutions would be hoping for you to continue using the card even after the introductory phase is over, and if possible have outstanding dues to be cleared.

The Process of Low interest credit card consolidation

The real question that now lies is whether these offers are worth your attention or they deserve the junk pile as most people relegate them to. Scott Biker, who is the founder of and has authored ‘Talk Your Way Out of Credit Card Debt’ feels it is a mistake to not take these temporary low interest credit cards seriously.

One very important task that you can perform with these introductory low rate credit cards is, as already mentioned before, using it to transfer balances. People generally don’t care much about that but consider this; if you save $1000 by spending 10 hours of your time over a year transferring balances, that means you save $100 an hour for your efforts. Isn’t that worth it?

Curtis Arnold, who is the founder and Public Relations Director of feels that it makes sense for people to try and take advantage of the low interest rates offered by these cards and use that to improve the ratings on other accounts. Balancing of transfers from one credit card to another ultimately results in saving a significant amount of money in interests alone. You can also use these cards to make purchases the interest on which is going to be minimal.

Low Interest Credit Card Offers

There are various low introductory rate credit cards that are available on market that charges 0% interest for one year. The Citi® Platinum Select® MasterCard® is one such credit card. It offers 0% APR on balance transfers and purchases for up to 12 months with no annual fee. After that, the regular interest could go as low as 11.99%.Some cards instead of offering the low interest rate for a specific period offers it over a number of billing cycles. Likewise, The Bank of America® Accelerated Rewards® American Express® Card gives 0% APR for 7 or 10 billing cycles. After that, it charges regular APR of 12.99% to 20.99%. You will need to perform a simple online search to find the best one that suits your interests.

The Benefits of Using Debt Consolidation Loans: Reasons Why Consolidating Loans is a Good Option

Financial problems are growing for many consumers, particularly because of credit cards. With paralyzing interest rates, credit cards certainly are not the type of short-term debt that anyone wants to be taking on in this economic climate. With many other borrowing options out there, it might be worth looking at other ways to take care of people’s purchasing and payments.

However, in the meantime, there are other ways to meet repayment needs. While many desperate people employ one credit card to repay another, this failed strategy only seems to end in more financial problems, and often, more financial problems. Thankfully, consolidating loans can make the entire repayment process simpler, more manageable and more effective. While there are other methods available, few compare to debt consolidation for simplicity and stress-free use.

Debt Consolidation Loans Have Lower Interest Rates

Record-low interest rates, in fact. With credit card interest hovering in the high teens, consolidating loans can ease the repayment process, and prevent anyone from paying hundreds of dollars in extra arrears every month. By employing a low interest consolidation loan into their repayment strategy, the total amount that people have to pay per month will decrease dramatically.

Multiple Debt Management is Difficult

For people juggling three of four different arrears every month, consolidating loans can mean a reduction in wasted time for finance management, an increase in understanding of financial strategies, and an almost completely automated repayment process. This could just be the solution to the time and stress problems for those who are tired of juggling multiple lines of credit.

Consolidating loans can also be very beneficial to those who are managing just one line of credit. Through this option, people can make repayments take up significantly less time.

Using Debt Consolidation Means Longer Payment Periods

For those who have got short-term costs that need to be dealt with, taking care of extra credit card bills and car payments is the last thing that they want to be troubled with. By extending the repayment period of their arrears, all the while decreasing individual payment amounts, debt consolidation can dramatically decrease the amount of money that people have to spend every week. This is great for those hoping to ease the blow of tough payment periods, those who want to manage cash flows in expensive weeks, or even those who use their savings interest to pay off their financial obligations incredibly slowly

Consolidating Loans Improves Credit Ratings

People who have got a poor credit rating and want to improve it can benefit from consolidating loans for their student debt. College graduates that do not yet have a credit rating can benefit from this option as well. This financial management strategy can mean that their rating increases without them having to use credit cards and other forms of credit to establish themselves. A good credit rating is absolutely essential for purchasing a home, investing in specific markets or buying an expensive vehicle, and building it up early is a great way to ensure financial freedom in the future.

Consolidating loans provide a number of benefits to those struggling with managing their financial problems. Apart from simplifying their problems and their stress, those who take on debt consolidation loans can be subject to lower interest rates and longer repayment plans.

Rebuilding Your Credit History with Unsecured Bad Credit Cards

Nobody wants a bad credit history. Not 1 individual will deliberately let unpaid bills stack up, leave vehicle payments unpaid, house mortgages overdue. But then again, no one knows what the future brings. You will discover numerous unpredictable events in life that might cause you to stumble and fall. Unforeseen sickness, the loss of a job, fortuitous events – all this might force you to prioritize the fundamental necessities and forego every thing else.

When this happens, it really is virtually straightforward to despair and lose hope. Fortunately, you can find now unsecured bad credit cards which are offered to individuals like you whom fate has dealt a bad hand. Unsecured bad credit cards are credit cards that will assist you to erase your debts gradually. With low monthly payments, no activation charges and zero refusal rates, unsecured poor credit cards are extremely uncomplicated to apply for. But just before obtaining one, it is still wise to compare terms and fees as well as late charges. Most companies improve credit limit as long as obligations are made on time. Local banks near you too as a number of banks online supply this service. Some will even ensure that your card is tailored to fit your wants.

So why wait? Rebuild your life and credit card history, be debt free. Applying for unsecured poor credit cards can assist you to attain these goals. And by making prompt payments and keeping your balance in check, you can very easily be on the road to financial recovery. Unsecured bad credit cards are accepted by countless stores and locations worldwide and may be used for on-line purchases and internet site reservations. It is possible to even manage your account online, around the clock and at your fingertips. Unsecured bad credit cards can ease the burden of financial obligations and assist you to maintain your focus on things that really matter – you and your family.