Payday Loans, Short Term High Interest

Guess what we have in the UK that few other countries have?The answer is that when it comes to interest on loans, there is no legal ceiling to the amount of interest that it's legal to charge.

Payday loans are tempting people who are struggling to meet their family's commitments by offering them the chance to borrow money just to keep themselves going until pay day.Typical adverts tell borrowers that they can "free up" cash without any fuss or bother.Most borrowers are after relatively small amount for just a few days or maybe a week or so and repay the debt from their next pay packet.

At holiday-time, children's birthdays and Christmas time, parents are particularly likely to be tempted to raise some money, knowing they can pay it off shortly.Why wait, it's their own money they're using and their own wages will pay it back.But what about the interest they'll be paying?

One firm offers loans of up to 750 pounds, and the cost of borrowing that is typically at an annual percentage rate (APR) of getting on for 2,000 per cent.It's completely open about it and its website lists the APR.When we looked it was 1,845.The charge is 25 pounds per 100 pounds borrowed on-line.The arrangement for repayment is that there is an automatic payment via the borrowers debit card on the date agreed at the start of the loan.If a loan needs to be deferred or increased, then additional charges will apply.

To anyone desperately needing the money, it may seem a reasonable amount.A simple cost of say 50 pounds to be able to use 200 pounds enough to book a flight ticket maybe, or buy the children's Christmas presents, may not sound too bad.However, if the loan was longer term it would cost an unbelievable amount in interest.Which?, the consumer organisation say that "Payday loans are bad news on so many levels.Before you take out a loan, check to see if you are eligible to join a local credit union."

As we said, in the UK, the sky's the limit when it comes to the amount of interest that lenders can charge.

However we have the Financial Ombudsman Service, who can reflect on complaints regarding credit agreements, their sale, their fee transparency, interest rates and the treatment of any complaints customers may have made to the lender.However, these types of loans are only a fraction of the complaints considered by them.Whilst incomplete information or information which is misleading would be a cause for investigation, a complaint about the high interest when the interest rate was clearly demonstrated at the time of taking the loan would be unlikely to be upheld.

The alternative way when it comes to a short term small loan is via a credit union.Generally eligibility to join one is by having a common bond with other members.This may be residence in a particular area or employment by the same company.There is a limit to the rate they can charge for borrowing although many charge less than half of that rate.

This is far better than using payday loan firms or doorstep lenders.You can make enquiries about finding a local credit union by calling 0161 832 3694 or going online for help with any type of loan, contact an independent loan advisor you'll find one on-line.They'll be totally aware of all types of products and will know the very best deals that are available, at the best possible rates.

About the Author

Cheaper-Rate-Loans provides great deals on Secured loans for its clients in the uk.

Please visit our site for helpful information to aid you in making the right decision, first time.Brokers Online offers cutting edge articles and information about Cheap Loans, mortgages and other great financial products.

Relaited Links:

• Storing A Classic Vehicle For The Winter With Auto Lifts
• Some Tips For Attending Business School
• Are You A Bad Driver?

Car Insurance At A Glance

Do not be lured into paying for your car insurance monthly.Although it seems cheaper or more manageable, it's not.Typically, you will be charged around 24% interest, thereby adding 50 to the average car insurance cost.Just over 50 per cent of the 26 million insured drivers in Britain pay monthly, and cumulatively this means 624 million is being handed to the insurance industry in unnecessary payments.Even if you pay on your credit card, taking two or three months to pay it off, it will still be more economical than spreading it over a year at 24% interest.

There are lots of saving tips you can use when it comes to car insurance.Firstly, dont accept a renewal quote, even if you have a substantial no-claims bonus.There is no such thing as customer loyalty in the insurance industry.

Every one of the big companies target new clients by offering big discounts, some offering half price deals compared to those for existing customers for exactly the same level of cover.Try applying as a new customer to your existing insurer; youll soon see how much the difference is.

Secondly, try not to make a claim on small amounts up to 500 because youll only have pay a higher premium the year after when your policy is up for renewal and in some cases an insurer may not cover you at all if you have made a lot of claims.

Setting your level of excess at a high rate can also bring your premium down significantly.
The majority of people don't realise how job titles can affect insurance premiums.If you go to tinyurl website you can click on your occupation and search through a list of job titles within that group revealing the premiums that each will be charged.

Some occupations are not well thought of by insurers journalists, estate agents and sales reps to name but a few.You may be able to reduce your premium by being more accurate about you job title.A journalist for example may pay 600 but an editor only 576.You must, however, tell the truth.Any inaccurate or non-disclosed information would invalidate any claims you make.

Using security devices can also reduce your insurance premiums.Thatcham Motor Insurance Repair Research Centre calculates how good car security products like vehicle tracking are and because they use the British insurance industry's criteria, a lot of insurers recognise these benefits and give discounts if you have them fitted.

Avoid customizing or modifying your car significantly because around half of all insurers wont give cover and any that do charge more.Dont pimp your ride if you want to keep the cost down.

Another temptation is for young drivers to avoid supplying details of their parents address in rural areas rather than putting down the address of their own city abode.Never do this.If insurers get an inkling that you have lied on your insurance application, they will completely invalidate your claim.

One final tip in trying to reducing premiums is to add another driver to your policy.For some reason, adding a driver can lower the total premium.Obviously, this works best if the additional driver has a safe, clean record.

Information at a glance from Sainsburys Insurance (Jan 2008), reveals that the average car insurance premium in the UK is 497 per annum.The equivalent paid by a driver under 25 years old is 1,256 whilst the average for a man is 525.35.

And a report published by the AA in April 2008 claims that shopping around for the best car insurance quote can save you a massive 217 per annum.

About the Author

The Car Info store provides great deals on Car Insurance for its clients in the uk.

Please visit our site for helpful information to aid you in making the right decision, first time.
Brokers Online offers cutting edge articles and information about Life Insurance, mortgages and other great financial products.

Relaited Links:

• How Long Will The Current Recession Last?
• A Definition Of Third Party Motor Car Insurance
• Are You Investing In Your Business

Want To Make Money Working From Your Own Home?!?

Woefully the amount of honest work at home opportunities is few and far between, nonetheless, if you do find a good one you better hold on to it!Just by looking on Google for Business Opportunities you can find millions upon millions of solutions.The only thing that really stinks about this, is that a ton of these programs are scams and really aren't trustworthy.And So, how do you go about plucking through the poor ones and going with the good ones?How can you really find out the bad apples from the golden keys?

I would like to tell you some super top secret secret, but regrettably I have learned something valuable the hard way; you have to try it to really experience it.In a lot of instances you can get a one-sided impression of what a company, program or website is about by doing a lot of searches on them and doing some searching online for critiques.Of course this still doesn't put you in the "green" you still need to do some research!

Listed below I decided to give you a little break and speak to you about some business organizations online that are legit.These will work for you if you put a lot of work into them.Hey, no one said making money was easy.if it was easy then everyone and their mother would be another Bill Gates!I also added two "processes" you can try as well!

My Great Empire -
This is a site related to the GDI system, now I have never personally tried the GDI system but, I know of friends who have and it has worked for them, so don't count this site out just yet.
Go take a look at it and at least sign up for the free information.Building a massive action driven GDI team beneath you has never been easier.Not only will you notice a much higher opt in ratio, but an increased GDI sign up ratio as well.

Every opt in you get through your My Great Empire affiliate link, will receive approximately 12 followup emails in a period of 30 days.This is a website made for users that want to receive opt-in leads with the system.

Cash Making Power Sites -
Another great money maker, this site is a program you can purchase and you will in turn receive some really great information about the top 5 sites you can earn money from, easily and quickly.
This is another very legit site, and I have actually tried this one and it has worked for me quite well.Now this might either be a pro or a con for you personally, for me it was a pro, but the more I learn and the more I read, the more I earn each month.

The first month it was just a few hundred bucks, but now I'm on month 2 and the highest I earned was a little over $1500.Another great thing about this system is its automated, and who doesn't love automated sites!I know I do!

Affiliate Programs - There are tons of unique programs out there that you can sign up for, and virtually every single company that has a website online (especially the well-known ones) have an associate program YOU can sign up for in order to make money from.The reason behind becoming an affiliate is to sell merchandises, services or other items for a company, and you will receive back a certain percentage (most likely per sale).Another popular thing is to sign up for affiliate or associate hubs like Kolimbo and linkshare which will allow you sign up with specific programs inside the hub.

Really, I prefer this option better because it's more organized and all your affiliates banners, text ads, scripts, and buttons are all in one place.You can also sign up with some other affiliate programs like Clickbank, Amazon, and eBay but you will still be earning a certain amount of dollars or a certain percentage per sale (or whatever they are paying you to do).

Freelance - When freelancing you will in all probability be operating on your own time, with your own hours and will be developing your own price amounts.In this example you can offer services such as web growth, web design, publishing, web hosting, marketing, SEM, SEO, etc.You will need to market and advertise your service but some individuals insist that this is one of the simplest ways to make money from home; I have to say that I agree!

About the Author

This author is a HUGE fan of I need money now

Relaited Links:

• Employee Surveys: Find Out How To Motivate Employees
• NHS Or Private Health Care?
• Defining the Performance PREview