Archive for November 2011

Get a Credit Card Today!

November 29, 2011

There are many reasons why credit cards are a useful thing to have in your wallet. In their most basic form, credit cards are a great way to borrow money short-term and keep your finances ticking over nicely. You can pay in shops and online with a credit card, and then pay the balance off when your paycheque clears.

Having a credit means that you are never without money. There are however other features that make credit cards desirable financial products. For one, by paying off the balance each month within the deadline, you will not pay any interest on the amount you borrow.

As well as free borrowing, if you meet your repayments, you will build up a good credit rating, which will make it easier and cheaper for you to borrow money in the future, in the form of loans, other credit cards and mortgages.

There are other features available on credit cards. Reward credit cards allow you to collect points as you use the card, in proportion with how much money you borrow. The more you spend on the card, the more points you will be awarded. You can then redeem these points for a wide range of rewards. From air miles to vouchers in stores, there are rewards to suit everyone.

So why not get a credit card today and start reaping the benefits of spending today!

Consolidation Loans Explained

November 22, 2011

Having debts is no fun. If you owe relatively large amounts of money to a number of creditors, then you know how stressful it can be keeping up with the varying monthly payments and interest rates. A consolidation loan is offered by most loan companies, and will be recommended to you by most debt management companies too.

In basic terms, a consolidation loan is a loan that is given once the loan company have analysed your finances. The amount will be based on how money you currently owe a number of creditors. From here, the loan company will lend you an appropriate amount of money to pay back all of your existing debts.

This means that you are left owing one company, with one monthly repayment and one low rate of interest. If you owe in excess of £1000 to two or more creditors, then you will most likely qualify for a consolidation loan. Even if you don’t owe a huge sum of money, the monthly repayments can really drain your paycheque each month if you are paying of a number of debts.

The interest rates are often lower than what you were paying and a consolidation loan will free up a lot more of your income so you can start to enjoy life again. Remember that because you will be paying small amounts each month, it will take more time to get debt free. The total amount of money you owe is the same, so pay off as much as you can to get debt free as soon as possible.

Start Saving Money on Fuel Today!

November 15, 2011

With the government in discussion over a cap on fuel prices and the cost of petrol goes through the roof, the amount of money it takes to run a vehicle is astronomical at the moment. Bar not using your car at all, it can be difficult to see ways that you can cut down on these bills.

Although any small changes you may make will make a difference, the best thing you can do for your wallet and the environment is to invest in a low emission vehicle. If you’re not keen on that idea, then here are a few tips to help you cut down on the amount of money you spend on petrol every week.

1.   Get rid of excess weight in your boot! The heavier your vehicle, the more energy it will take to move it around.

 2.   Car share with family and friends whenever you can. By splitting the petrol bills, you’ll save more than you might think.

 3.   Accelerate and brake gradually. The more sudden your changes in speed, up or down, the more fuel your engine will use.

 4.   Keep your engine tuned. A well maintained car will be more efficient and cost less money to run.

5.   Drive slower! It’s an obvious one, but by driving more slowly you will save money filling up the tank.

What is a Payday Loan?

November 9, 2011

We have all had those months when our money just won’t stretch far enough. If you can’t borrow the cash you need from a friend or family member, then a payday loan could be the answer. These loans have also sprung onto the market since the economic crisis began. Banks have made it more difficult to borrow money, especially small amounts for short periods of time.

If you have a bad credit rating, then borrowing through traditional channels becomes almost impossible. You can a payday loan even if you have a less than perfect borrowing history. The online application forms and quick and easy, and as credit checks are not carried out, you can get instant approval and even have the money in your account in 15 minutes!

You will have to be over 18, be a UK citizen, have a bank account and you might have to provide proof of employment. You can borrow from £100 to £1000, usually for a couple of weeks to a month. This short loan period means that you may have to pay high interest rates.

It’s important to research the market properly before committing to a loan. Always make sure you understand fully the terms of the loan and how much including interest you will have to pay back. Remember that you should never borrow more money than you can afford to pay back, or you could get into serious debt.

Want to Save on Your Energy Bills This Winter?

November 1, 2011

The price of energy has gone up exponentially over the last year, leaving us paying more and more per household just to keep warm. Although putting the heating on is unavoidable as winter kicks in, there are various things you can do to cut down on your heating bill. After all, we all could do with saving a bit here and there on the run up to Christmas.

If your home is particularly drafty, then you are undoubtedly spending money on heat that you don’t benefit from. Although insulating your home is a long term solution to lower bills, it will pay off. Lag your boiler, insulate your attic and invest in double glazing for your window; you’ll both feel the difference and see it on your heating bills.

Many of us reach for the thermostat before we really need to, making our home warmer than we might need. If you wrap up warm, and try not to put the heating on, you’ll save money. Once you do put it on, then you won’t need it so high as you’ll be wrapped up. Try drinking hot drinks, making hot water bottles and wearing thick socks!

Check the level your radiators are on. Turn them off in rooms you don’t use, and try to keep all the other at a middle level. If all the radiators in your house are turned up to the maximum, you’ll use a lot more energy. If you have a fire, try using that instead of heating the whole house.

Put your heating system on a timer. By turning it on for limited amounts of time, you’ll save a heap of money. Turn it on for a couple of hours in the morning, and a few more hours in the evening to save on the bills. These small changes will make a big difference to your heating bill this winter, it just takes a little bit of effort!