PPI Calculator

PPI or Payment Protection Insurance is a type of insurance policy which seeks to cover the insurance holder's monthly repayments on loans, mortgages and credit cards should he/she fall sick, meet with an accident, face unemployment and so on. Thus, there is no doubt about the fact that PPI is a useful insurance policy but many a times it is mis-sold, i.e. sold to the wrong person, thus making it completely useless. A PPI is not at all a useful thing for a person who doesn't qualify for making claims or one to whom it has been sneakily sold to. This is the reason why PPI holders seek claims the moment they find out that they have been cheated and mis-sold such as policy.

Reclaiming PPI is a task that seemed fairly impossible until the outburst of PPI claim companies, i.e. companies that help wronged PPI policy holders. However, in order to be able to make PPI claims with the help of the Financial Ombudsman, it is essential that you educate yourself first about how much you are entitled to receiving. In order to do this, you can make use of a PPI calculator. This is a special type of calculator that allows one to calculate the amount of money one would receive owing to the mis-sold protection insurance.

Making calculations about the amount owed to a mis-sold PPI holder is a tedious task because it involves a lot of complex and confusing calculations. Nevertheless, one does not need to worry because one can have easy access to these calculators. These are easily found online in many PPI claims website; the best thing about them is that most of them are free to use! With the help of these calculators, one would be able to tell in just a matter of seconds as to how much one can be refunded if the claims that one make become successful.

Different websites have different PPI calculators, while some of them do not require one to feed in a lot of information, others can be a bit tedious to use. Thus, it is always advisable that one should find a PPI calculator that is easy to use and efficient. Depending upon the reason of being encumbered with a PPI loan, you could seek out the type of calculator that you require. While some calculators are meant for loans, others are meant for credit cards. In order to use these you just need to key in the essential information. Some of the common fields are: the amount of loan money borrowed, the duration of the loan, the amount of time one has been repaying the loan, the average monthly balance of the credit card, the number of years one has had the credit card, etc.

After entering the necessary details, you will be able to get the results that you need with a single click. All in all, these online PPI calculators are extremely useful devices that have an important role to play in your quest of making mis-sold PPI claims.
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Unsecured Loans For Bad Credit

Nowadays, many individuals are dealing with bad credit. Defaults in clearing bills, inability to pay off debts on time, overspending etc are some of the common reasons why individuals carry poor credit to their name. Irrespective of the reason, having bad credit can pose various challenges in your life, especially while applying for loans. Often folks with poor credit who submit an application for a loan are denied by loan providers. In such a scenario, turning to unsecured loans for bad credit is a better bet to avail credit in the UK.

What are unsecured loans for bad credit?
Unsecured loans for poor credit are loans that are offered to people with less than desired credit. In these loans, poor credit history of borrowers is not a reason for loan rejections. No matter your credit rating, you could be certain that you will get a loan for managing your personal financial affairs.

Benefits of unsecured loans for people with bad credit
There are times when you need money for making major purchases. Perhaps, you want to buy home appliances such as fridge, heating and cooling devices and others. It is also likely that you want to pay off a major medical bill. All such situations warrant big money. Luckily, you can accomplish all such financial requirements with the help of an unsecured loan for poor credit.

How to qualify for a loan
There are four principle requirements to bother about, and these are actually no real surprise to anyone who has ever applied for a loan previously. The first qualifying condition is the applicant should be minimum 18 years of age while applying for a loan in the UK. Secondly, you need to be a citizen of the UK to secure a loan. In addition to this, you must have a decent income source. Even after meeting these conditions, your earning and debt-to-earnings ratio will be inspected.

How to get an affordable loan deal
It is always desirable to get quick approval for loans, but lenders usually take enough time to verify the credit rating whenever a huge sum is requested. Still, you may avail a big loan for your intended purpose by fulfilling the basic loan requirements. However, it is important to improve issues with the loan application to increase the probability of your application being accepted. This may include enhancing your credit rating to get affordable interest rates and incorporating a co-signer to do away with the loan rejection risk. With such a solid loan application, availing unsecured loans for people with bad credit becomes a formality.

1. Improve your credit rating

Bad credit borrowers will have to agree to a few compromises in order to get a loan. Low credit score means higher interest rates, which implies you will have to make bigger repayment instalments to the lender. Getting loan approval might be pleasing to manage your financial chores, but you could be inclined to reject the loan offer if the repayment instalments are bigger.

Therefore, it is a sensible idea to improve your credit score before applying for a loan. You could enhance your rating by clearing your bills on time. In order to do so, you may seek funds from your references and buddies. Once you are able to clear your bills in a timely manner, your credit score will shoot up making life a lot simpler while applying for a bigger loan.

2. Have a co-signer

Enhancing your credit rating is a fantastic idea, but having a co-signer will greatly increase the possibility that your loan application will be accepted. Co-signers make sure that lenders will get timely repayment, which in turn eliminates the element of risk from the loan deal. Moreover, you may enjoy a low interest deal by having a co-signer (with a decent credit score) while applying for unsecured loans for bad credit.