Reducing Calls to Your Breakdown Cover

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Breakdown cover policies are the perfect backup if you drive often or for long distances, particularly the plans offered by GEM. They aren’t a bad plan if you rarely venture far from home and are uncertain of your driving or mechanical skills. There is great reassurance in knowing that if things go wrong there is someone to call. With that said, some policies have a limit on how many times per year you can call your breakdown cover. Therefore, reducing the number of calls is a very good idea.

Pay Attention to Those Lights!

Most modern vehicles have warning lights on their dash panels these can range from low gas indicator right on up through the dreaded check-engine light. When you take your vehicle directly to your repair facility you help prevent a breakdown along the road and preserve the longevity of your vehicle as well.

Check the Fluids

The main three fluids that a vehicle owner can easily manage are the fuel, the oil and the coolant/water/antifreeze levels. These fluids are very much the lifeblood of your vehicle. The car or truck isn’t going anywhere without fuel. Driving often with low fuel levels encourages spreading the glue-like gunk that can build up in the gas tank throughout the engine. Oil does two things. It lubricates moving parts and it helps clear dirt and debris from surfaces inside the motor. Finally, the coolant/water mixture helps keep excess heat from building up in the motor. The antifreeze compound in the coolant mix helps keep the water from freezing and causing damage.

Avoid Stressing Your Vehicle

If you have a van or small station wagon, it is so tempting to use it as if it were a truck. Overloading your vehicle with excess weight is hard on the undercarriage and on the transmission as well as making extra work for the motor. Read the limits stated in your vehicle manual and pay close attention the recommended amount of weight. Even a shopping trip can tax a small vehicle. For example,  a fifty-pound bag of dog food weighs, you guessed it, fifty pounds. Add a bag or two of kitty litter, canned goods for pets and people as well as a few liters of liquid drinks, it adds up really fast.

Use an Ice Scraper

Winter is hard on your vehicle. Nothing is more stressful to your windshield wiper motor than a buildup of ice or snow. Relieve your wipers and your windshield by letting the defroster do part of the work of clearing the windscreen and using a plastic scraper designed not to damage the window.

Back to Breakdown Cover

Your breakdown cover is the good friend you can call when your wipers just quit in a snowstorm, your brakes have gone out on a mountain road, or your car just stopped running and you were barely able to guide it to the side of the road. But like a good friendship, you don’t want to overtax your service with preventable calls.

Bottom Line

Breakdown cover can save your trip, whether you are on vacation, commuting or conducting business. But breaking down, even when there is someone to call, creates delays and inconvenience. Prevention doesn’t take the place of your breakdown cover, but it can prevent calling it too many times and having to pay for services that are no longer available thanks to overuse. More than that, it is a pleasure to drive through and not have those annoying interruptions that can be caused by having a flat tire, a fogged windshield, or just having your vehicle stop running. It’s an easy choice.

Everyone knows that college is the route to go when heading for a bright future. However, there are some individuals who simply cannot afford to pay for college. Through programs and grants, these individuals can still attend college. The subsidized loan is one way to do that – and individuals don’t pay a lick of interest while they’re in school. Learn how to obtain a federal subsidized loan.

Maintain Great Grades

One of the things that makes individuals more likely to receive assistance from lenders and the government to attend college is when the student makes great grades. This makes it worth it to lend the money to the student, allowing the lender to invest in a great future. Individuals who plan on attending college should keep their grades as high as possible, and participate in extracurricular activities that will look great on a college application.

Fill Out the FAFSA

In order to secure a federal subsidized loan, one must fill out the FAFSA or Free Application for Federal Student Aid. According to experts, 8 million students do not fill out the FAFSA each year and of those, 6 million would be able to qualify for low income programs such as a federal subsidized loan. The FAFSA can be an amazing resource for individuals who desire to attend college but who cannot afford it. Those interested can typically find an application in their high school guidance counselor’s office or online at FAFSA.

Check Out Federal Stafford Loans

One of the most popular types of subsidized loans is the Stafford loan. This is a loan offered by the government, which allows low-income individuals to attend college when they would not ordinarily be able to do so. The government pays the interest on the loan while the student is in college and for a time afterward.

Nearly everyone who applies for a federal Stafford loan is eligible to receive one. One of the greatest things about the Stafford loan is that it requires no credit check, so this is an avenue that even individuals with poor credit can take. To learn more, visit College Scholarships.

Fill Out College Applications

While applying for the Stafford or other subsidized federal loans, the student should continue filling out applications to schools that accept students with financial aid. Many lenders require that the student has chosen a college that accepts the subsidized loan program, so it’s important to get accepted to such a college. When the individual is accepted for the loan program, the money will typically be sent to the school under the name of the student. As long as the FAFSA is filled out, students should be reasonably certain that they would be qualified for a subsidized loan. Typically, the student is contacted by mail or telephone with the offer for the loan.

Life is relatively simple with good credit as a bank overdraft or credit card cash advance can be turned to. Miss or make a late payment and all the lenders that used to be so helpful are no longer agreeable. This led to the creation of specialist lenders that offer secured and unsecured instant decision loans. They are no credit check loans because lenders realise credit scoring is pointless for customers who already have a bad credit rating. Instead, a different set of lending criteria are used to establish eligibility. It is possible to borrow money for any purpose, even when unemployed, contracting or in temporary work.

Instant Decision Loans from a Pawnbroker

A loan from a pawn shop is ideal for people who are unemployed or lack an active checking account. They are a form of secured loan with no credit check because they involve providing the lender with suitable collateral (gold, jewellery, silver, electrical goods). The value will be assessed and a maximum fast cash advance value will be determined. Subject to the value of the item, there is no upper limit on how much can be borrowed. A quick cash loan and a receipt for the collateral will be provided within just minutes. It is the responsibility of the customer to redeem the item by settling the amount owed. If this doesn’t happen, the item will be sold in order that the lender can recover their money.

Unsecured Quick Payday Cash Loans

It is possible to get an easy quick cash loan for up to $1,000, without credit scoring, for up to a calendar month. Due to the higher risk of default, it costs about $20-25 to borrow $100 for 30 days. The borrower must be a U.S. citizen, 18 years old and be in full-time employment. A bank account and 2 forms of identification are also essential. Provided that these criteria are complied with, the customer receives quick cash in 24 hours or less. The customer provides a payday loan lender with a postdated check for the principal and any interest that will accrue. It is important that the debt is settled punctually in order to prevent further interest and charges accruing.

The Dangers of Easy Quick Cash Loans

A quick payday cash loan or a pawn shop loan provides a way of coping in the event of a financial emergency. The problem is that interest accrues quickly and borrowing money on those terms will leave financially vulnerable people with less money to pay their bills in future months. Many people become trapped in a cycle of dependency so avoid a short term loan for impulse buys and foreign holidays. Only ever borrow money with bad credit when it is absolutely essential.

Consumers used to select a credit card based on interest rates and credit limits. These days, consumers are applying for credit cards for the add-on perks offered. Airline charges is one area currently being targeted by many credit card companies.

American Express is one example of a company using reduced airline fees as an attractor. Card holders can apply for rewards covering baggage fees, change fees, pet fees, and in some cases, on-board snacks. Other credit cards can help with access to the airport lounges or provide elite boarding options.

Finding the Credit Card that Fits

There are several online sites that help consumers research credit card perks. and are two sites that provide comparison charts for major credit cards. Both sites list the cards that offer air miles and frequent flyer credit cards as well as those cards that give cash back rewards.

Not every consumer will want the airline perks, instead preferring the cash back and other types of rewards. The Chase Freedom Visa card is one of the cards that offers cash back for purchases: some offer $100 back with $500 in purchases. Other cards offer points accumulations that card holders can redeem for items online such as flat-screen televisions and other electronics.

These are just a few examples of the cards and perks listed at the comparison sites. It’s worth the time to compare the major credit cards before applying. The research can help match the card to the consumer’s lifestyle and needs.

Low Interest Rates Still Matter

Interest rates still do matter when shopping for credit cards. If the card’s interest rate is higher than others, getting the airline perks may not be worth it. Also look at payoff options. Some credit cards require larger monthly payments than others. And, look at the late fees assessed for those payments that get posted late.

The consumer still lives and works using credit cards for all types of purchases including airfare. Why not use a credit card that might earn enough rewards to pay for some of those add-on airline fees? Banks, credit unions, and many other types of lenders are competing hot and heavy for card holders, making it a good time to make the most of using a credit card. Bottom line, do the research to reap the benefits of using a credit card and it may help get that 52 pound bag loaded onto the next flight for free.

Congratulations! You just graduated. The best four (or five or six) years of your life are now over. Now comes the fun part of getting a job, moving across the country and spending every dime you have trying to make a life. Oh, and did I forget to mention that after six months or so, and for the next thirty or so month of your life, you’ll get slapped with a huge bill, usually more than one, to repay that money you spent four years drinking away. Everyone deals with this, some worse than others, but if you manage your money smartly (easier said than done), you can get ahead and stay ahead.

First, start by taking a good look at your loan bills. If you have more than one Federal Loan, consider consolidating, to cut down to one bill, and pay less interest. You can usually consolidate with one of your loan companies, or another outfit, like Sallie Mae. This may not be possible for private loans, but for Federal Loans, it’s a smart move. Personally, I began my repayment period with three separate loan bills each month, totaling around $330. After consolidation, I cut this down to $270, and only one monthly bill. In fact, my bill is paid automatically each month, so I never even see any paperwork.

As I mentioned in the previous paragraph, many lenders offer you the ability to pay your monthly bills on line. In fact, as my lender was an example of this, many will even give you a reduced interest rate if you set up recurring monthly electronic payments. The reduction is usually minor, around .25% or so, but every little bit helps when you are just starting out. Many are still hesitant to pay bills on line, and with good reason, but I, myself, have been doing this for around five years with absolutely no problems. In fact, my entire loan consolidation was done on line, without a hitch.

Another thing to consider is that most lenders will offer multiple payment plans. Take a good look at your situation while deciding what repayment plan to choose. There is your basic plan, which is a fixed payment each month for a number of years until it’s all repaid. There is an extended plan, whereby you can get lower monthly payments in return for a longer repayment period. Some will also offer a graduated plan, when your initial payments are lower, and they slowly escalate every few months or years, until they reach their ceiling. This is often a good idea for someone just starting a career, where you can expect to start at the bottom and work your way up, guaranteeing a larger salary in the future. I have stuck with the standard plan, choosing to shell out a little more now in order to get them out of my life quicker. There is no “right or wrong” here, it’s whatever works for you. Your loan company, and credit rating, will be happy as long as you are paying somehow.

What’s left? Well, if you are considering a career in public service, take a look at the College Cost Reduction and Access Act. This is a new program, which forgives your student loans after ten full years of public service in a number of qualifying positions, assuming you haven’t missed any payments. There are a number of caveats to this, so it’s a luxury, not something to depend on, but consult this link for more information: A number of employers will also offer loan repayment in exchange for service, Hospitals and other nursing facilities are common examples of this, although these programs seem to be on the decline in recent years. These programs are rare, and will completely depend on the discretion of your employer, but it doesn’t hurt to ask about it, during an interview, or by visiting the human resources department.

Now that you’ve saved as much as you can save, it’s important to treat your student loans with the highest importance. Missing even one payment can have a large negative effect on your credit rating. Budget for these each month as you would budget for rent and electricity, and make sure they are given a higher priority than luxuries like cable, and car payments – common temptations for someone just starting out with their first “real” paychecks. Missing a payment may not seem like a big deal now, but in ten year when you are applying for a mortgage, it can come back to haunt you. If you are doing well and have some extra money each month, try paying more than your monthly payment, in an effort to shorten the repayment period. If you do this, be sure that your loan company applies your payment to the principal of the loan, and not the interest. If you are mailing your payments, it may be worth including a letter indicating your intentions.

In today’s world they are a fact of life, but for lack of a better term, student loans suck. However, if you are responsible with your money, and pick a repayment plan appropriate to your situation, they can be entirely manageable. Additionally, when you make that final payment, feel like you have accomplished something and go celebrate, because you will have earned it.

By ‘sub-prime loan’ we understand a type of loan that has a higher interest rate as compared to a prime loan. This type of loan is generally approved for people with limited or poor credit history. A higher interest rate is attached to sub-prime loans for giving necessary coverage to the risks involved on the part of lenders to the ‘risky’ borrowers with bad credit records.
Because of the associated risks to provide loans to people with poor credit history, not all the lenders offer sub-prime loan programs. The mark of distinction between a prime and sub-prime lender is the higher interest rates charged by the latter. You should always opt for a prime loan instead of a sub-prime as long as your credit report permits. Avoiding sub-prime loans as far as possible is always beneficial for borrowers.

A sub-prime borrower is one who does not qualify for prime loans usually due to a low credit score. This score that we are talking about is normally referred to as the FICO Score. Lenders use this score to determine the eligibility of loans by the borrowers. A mid-range FICO score enables the borrower for applying (and being approved) for a loan with some factors taken into account. Such factors could include your concurrence to the proposed down payment amount, your outstanding debts and your ability to document the income. It is evident that many potential sub-prime borrowers may not be in a position to document their income being self-employed. In such cases, borrowers apply for what is known as ‘stated income loan’. A stated income loan is one where the borrower states or declares his income in the loan application form. Due to the inability of assessing or verifying such incomes, a further higher interest rate is charged to these stated income borrowers when sanctioning the loan.

While determining the interest rate of sub-prime loans, the same factors of prime loans are taken into considerations. If your credit score is low and you opt for a lower down payment amount, your interest rates will inevitably be higher. Also keep in mind that sub-prime lenders charge higher rates and higher associated fees due to the risks they undertake and higher costs they incur. It is also a common phenomenon that sub-prime loans end up in default more than prime loans.

Prime Borrowers Switching to Sub-prime – When and How

It is very interesting to note that many potential prime borrowers ultimately end up as a sub-prime borrower. Despite having good credit score, proper documented income and ability to comply with higher down payment amount; these people get entangled with sub-prime payments. This occurs due to those illusive TV or radio commercials which brag about attractive deals in financing or refinancing your mortgage. They offer you cash deals that are supposedly enough to clear your mortgage dues and lower monthly payments by cutting interest rates. But be advised that these so called ‘unbelievable deals’ expire early leaving you paying higher prices for your home.

If you are exploring the market for your options to finance or re-finance your home, you need to double check all the details before making a final decision for a loan. TV and radio are for your information and entertainment; hence you should be very careful with experimenting media deals that may dry-up your wallet. Always check for options with renowned lenders if they can approve a prime loan instead of sub-prime.

Do you know that a report by Wall Street Journal found that 61% of all borrowers ended up with sub-prime loans were eligible for a prime loan? This finding alone explains all about the ignorance of potential prime borrowers.

Sub-prime loans are designed to allow access to credit market by people with poor or no-credit status. You may be surprised by the endless prospects by sub-prime lenders but you should also be prepared to handle surprises of higher payments and bigger losses.