Breakdown Cover Extras That You Should Really Consider

There are many extras that people overlook on breakdown cover policies that you will want to pay close attention to. These extras can be very helpful in a number of situations, so you’ll need to know what your options are. Sometimes it is worth paying a little bit extra for your policy, depending on what you get. The more time you take explore these choices, the better off you are going to be.

Key Replace

If you ever lose your keys or they get stolen, you can use this extra on your breakdown cover to get fast replacements. This can be very expensive if you don’t have breakdown cover, so you’ll want to keep that in mind. Considering how often people tend to lose their keys, this is definitely something that you should think about getting with your policy.

Incorrect Fuel

If your car breaks down because you put the incorrect type of fuel in it, you can get help from your breakdown cover provider. This can be devastating enough on its own, but it’s even worse if you are not able to get help when you really need it. This feature will help you get your vehicle towed to a local garage in this situation. Most standard breakdown cover policies do not provide assistance if a person’s car breaks down for this reason. This is why you should consider getting this little extra.

European Breakdown Cover

Those who tend to travel outside of the UK for any reason will definitely want to think about getting European breakdown cover. While it is true that it will cost you extra, you will have full cover all throughout Europe. This means that no matter where you travel on this continent, you can get fast assistance from a technician if you need it.

There are many different situations in which this can be helpful, so you’ll want to at least consider this option. If you break down far from home, you may even be able to get a hotel room for the night if your car needs to be taken to a local garage. This can prevent a minor inconvenience from turning into a complete nightmare.

Family Plan

If you have numerous people in your family that drive, you should probably put them all under the same breakdown cover policy. This will help you save money while keeping things simple. It will also ensure that your entire family has this type of cover, so they won’t be completely helpless if they happen to break down while on the road.

Accident Towing

Another good extra to look into is getting your car towed if you are in an accident. Most breakdown cover providers make you pay extra if you need to be towed away from an accident site. This can certainly be worth it if you ever find yourself in this kind of situation. It will ensure that you can get your vehicle to a local garage or wherever else you want it.

Battery Replace

If the battery in your car ever dies and you need to get it replaced, you can get an extra feature from your breakdown cover provider to get a new one. This can save you quite a bit of money if your vehicle’s battery ever dies and cannot be repaired or started up. Unfortunately this happens from time to time, so you should think about taking advantage of this feature.

Tyre Replace

When you get a flat tyre that cannot simply be patched up, you will have to get a replacement. The right breakdown cover policy can be of immense help with this, so you’ll need to keep that in mind. Even one new tyre can be quite expensive, so you’ll have to make a point of looking into what some breakdown cover policies can offer. You could pay an extra £10 or £20 per month to get a new tyre if the need ever arises. Some providers limit the number of times you can take advantage of this feature, but it is still worth looking into. Find out how many times each year you can get your tyre replaced before deciding on a certain provider.

Breakdown cover is absolutely essential for those who drive on the road. It is important that you take the time to explore your options so that you know what you have to choose from. There are lots of great extras that you could get a lot of use from over the years. Consider your needs while you are trying to decide which ones to go with. The more time you take to think about these things, the easier it will be to get the help you need at the right time. This research could really save you a lot of hassle later on.

Guarantor Loan FAQs to help you

Guarantor loans can be incredibly helpful when it comes to getting the money you need with minimal hassle. Especially if you’ve had an issue getting a payday loan or similar. These days a lot of people have started applying for these loans, but it seems as if most people don’t really know much about them. You will definitely want to make a point of getting as much information as possible on these loans so that you can prepare yourself properly. The more research you do into guarantor loans, the more you will be able to get out of one when you need money for some important expense.

What exactly is a guarantor loan?

A guarantor loan is essentially just an unsecured loan that requires a ‘guarantor’, which is someone who agrees to assume responsibility for paying off the loan if the borrower is not able to for whatever reason. This type of loan does not require any sort of property to be put down as collateral, but you will need to find someone with adequate credentials who is willing to sign on.
What is the payback period for a guarantor loan?

Those who take out a guarantor loan typically have anywhere from one to seven years to pay back the full amount of the loan. You can typically borrow anywhere from £1,000 to £16,000, though it does depend on the lender as well as your income and the qualifications of the guarantor. A lot of mortgage companies and other types of lenders require a guarantor, especially for those who do not have very good credit.

How do I know if a guarantor loan is right for me?

While it’s true that there are lots of great things about getting a guarantor loan, they aren’t for everyone. These same day loans are particularly ideal for people with bad credit who have been rejected for other types of loans in the past. If you have found it difficult to get a loan because of your credit history, you will definitely want to consider this option. If you need to borrow a fairly large amount of money, a guarantor loan could provide you with exactly what you need.

Who can be a guarantor?

Anyone with a solid credit score and adequate income can be a guarantor, though there are a few other requirements that you should know about. A person must be at least 21 years old to be a guarantor, and they cannot have any outstanding loans. The better the person’s credit and income is, the more likely they will be to get approved. There will be a standard credit check run on the person who applies to be a guarantor.

What will the interest rate be?

The interest rate that you will pay depends on what your credit is like. Those who have decent to great credit get the lowest interest rates. People with poor credit can get a guarantor loan, but their interest rate is usually significantly higher. When you are applying for this type of loan, both you and the person who will be acting as guarantor must submit various personal and financial details. Your application will be either approved or rejected depending on the information you provide as well as the results of the credit checks that are performed on both parties.

What happens if you default on a guarantor loan?

If the borrower is unable to keep making payments on their loan, the guarantor will assume the responsibility. In the event that the guarantor cannot pay back the loan either, the lender can take you to court to get the rest of the money that is owed.

What are the benefits of getting a guarantor loan?

There are numerous benefits associated with guarantor loans, including approval even with bad credit. As long as you can find a suitable person to sign on as a guarantor, you shouldn’t have many issues with getting one of these loans. It is important that you take the time to find the right lender to get the loan from though, as there will be many to choose from. Guarantor loans can be very helpful when you need a large sum of money fast, but you will need to know as much as possible about them before moving forward.

Everything you should know when getting a Personal Loan

A personal loan really be of great help when you need to get money for a wedding, home repairs or something else entirely. There are many different things that you should know about these loans before you decide whether or not to actually get one though. These loans have helped a lot of people who were in need, and chances are they can do the same for you. The last thing you want to do is rush into getting a personal loan before you get all of the facts.

What is a personal loan?

Those who take our personal loans must pay them back over a certain period of time with instalments, usually once a month. The amount of each payment is pre-determined, as is the total amount of time the borrower has to pay back the loan in full. Personal loans typically come with fixed interest rates, but this is not always the case.

Types of Personal Loans

Despite what you may think, there are actually numerous types of personal loans that you can get. There are secured loans and unsecured loans, and it’s important that you know the difference. A secured loan requires collateral, which is property that the borrower puts up in the event that they cannot pay back the loan. If the borrower fails to pay back the loan, the lender takes possession of the property that has been put up as collateral.

There are also unsecured loans, which do not require any sort of collateral to be put up at all. A lot of people like unsecured loans because they don’t have to risk losing their home or car, but they can be difficult to get if you don’t have very good credit. Credit isn’t so much of an issue with secured loans because you have collateral to back them up.

It is important that you take the time to think about which type of personal loan you want to get so that you don’t have any regrets later on. If you want to save as much money as possible, a secured loan is probably the best way to go. Interest rates with secured loans tend to be far lower.

Lender options

You will have a number of options when it comes to the lenders you can get a personal loan from, and it is definitely important that you take the time to look into some of them. It is crucial that you choose the right lender, because the one you select will ultimately determine your interest rate as well as all of the terms of your loan. Use the internet to your advantage when you are gathering this information so you can make the right decision.

Try not to apply for multiple loans

It’s never a good idea to apply for lots of different loans, because it will have a negative impact on your credit score. Every time you apply for a long, a credit check is performed, which shows up as a “hard inquiry” on your report. Applying for too many loans can be bad for your credit, so it’s something you will want to avoid. One or two applications won’t damage your credit in a significant way, but you don’t want to go overboard.

Look at the fine print

Make sure that you take a close look at the fine print on the contract you sign with the lender so that you know what all of the terms and conditions of the loan are. This contract will have all of the important details in it, so you will therefore want to spend as much time as you need reading it over before signing.

Is a personal loan right for you?

A lot of people can really benefit from getting a personal loan, but this isn’t the case for everyone. If you are interested in getting one of these loans, you will need to make a point of looking into the lender options you have before settling on a certain person. It’s also a good idea to look into secured and unsecured loans so you can choose one that will match your borrowing needs perfectly.