Car taxes, also known as vehicle tax are the taxes levied upon the vehicles to be used on the public roads of the UK, or parked for that matter. These taxes are to ensure the lawful ownership and use of the vehicles owned by people.
A car tax details or proof was shown through the tax disc until October 2014 as a sign of having paid the vehicle excise duty. Since then, there is no need to display it can be traced from the number plate of the car and the information could be retrieved from the database by the concerned authorities.
How is Car Tax Calculated
Car tax is calculated based on the bands. There are thirteen bands representing the engine size which is the common determinant when it comes to the band and hence the car tax levied. But that has changed since March 2011 and now the band is determined based on the CO2 emission rates per kilometre. The first year rate which is lower for vehicles is said to be an indication about the environmental impact of one’s vehicle.
These thirteen bands (A-M) are the source of ease when it comes to calculation of vehicle tax on your own, with the band A starting from up to 100g/ kilometre, and ending at band M which crosses the barrier of 255g/kilometre and is charged the highest. This encourages fuel efficiency and stresses on the very importance of it along with the benefits a person enjoys with the high band cars.
The increase in taxes over time has been signalling the high rates of fuel and wastage of it. That could be one of the reasons why the shift of the tax based on car engine to the one based on emission rates took place. This has been done by the government of the UK to encourage green environment and less wastage of fuel along with violation of basic environmental rights. The high taxes for the cars with band M or around that are a dearth to the non-green vehicles. Not only that, but the incentive given to the band A, and further of the similar category in the form of tax exemption has witnessed surprising results since the introduction of the law.
How do I apply for Car Tax?
If you own a vehicle, you’ll be receiving the V11 reminder letter for the payment of your taxes. There are no exemptions on this tax so you need to make sure you pay it on time. A logbook which is also known as the V5c registration certificate could be used along with the option of keeper supplement V5C/2 for taxing your vehicle if you’ve just bought it. You can tax your vehicle by phone or by post to the post office which deals in vehicle tax. While paying your tax at the post office, you’ll have to pay for either your V11 or the V5C registration or V5C/2.
People who own a vehicle but do not use it on the roads need not pay the taxes by the law of the UK. However they’re supposed to make a SORN notice which is the Statutory Off Road Notice for keeping the vehicle no longer in use.
The taxation system makes it easy and permissible to use the vehicles in the country with comfort and as a law abiding citizen.
Payday loans are often the best solution for people who need urgent cash. They are pretty easy to avail as there is little concern on behalf of the lender. Payday companies don’t even run checks on your credit scores. They just want to know that you have an active work status and that you can return their money with interest the following month.
The reason behind short term loan lenders being so easy towards borrowers is that they receive money along with their fees when the next payday arrives.
However, as there is a pool of payday lenders to choose from, people often get confused. If you are searching for an online payday service, make sure you read the following steps which will guide you towards a better selection.
Research on various payday services
Most people are in such a hurry to avail payday offers that they never bother to run checks on the companies that are providing them short term loans.
Take time to do your research and rank each service. Check the top lists of UK’s payday providers from which you can choose the best.
Call to ask about their payday loans
You must make a habit to be sure of the service you are using and it’s also essential to call them before you sign up with them.
Ask them about their terms and conditions and inquire about any additional fee they will charge you along with their interest rates.
Avoid companies who don’t ask for your details
When you call payday lenders, they will also ask some questions and require your bank statements as proof. Some companies also advertise that they have no issues with your previously borrowed amounts and credit scores. All this is fine. However, if they do not run any checks on you at all, even related to your employment status, you should be smart enough to avoid them. It’s always better to be safe than sorry.
Beware of scammers
The payday industry is growing rapidly in the UK. In the name of short term loans, many people are scamming borrowers by taking all their private account and NINO information so they can steal money from them. Such lenders always offer eye catching discounts which people are unable to resist. As a rule, never pay any sort of an advance to your loan source.
Recheck with friends about your payday service
If you have someone in your circle that uses payday loan services, it’s a good idea to have a word with them. Go online and read the reviews posted for each service and find out the best one.
Before you select, you have to be sure that the company that you will be paying back is reliable and will be fair in dealing with you.
There aren’t many people who would say no to ‘travelling’. In fact, over fifty percent of the people in the United Kingdom travelled abroad in 2014, a number that has been growing ever since. The only problem is that it costs quite a lot, which is also the prime reason given by those who ditch the experience.
Fortunately, there are so many ways you can easily save money while on the go. According to the famous Croatian traveller—Tomislav Perko—if you do it right, you might as well be able to spend lesser money than you would staying at home.
To make travelling even more alluring, we have come up with ways that would not only save you money, but also let you earn some on the side.
Showcase Your Skills
If you are good at juggling balls, freestyle, or even playing an instrument, use it to your advantage. While you travel, you can stop by for some time, and showcase you skills on the street. Make sure you have a small box or an upside-down hat for passersby to donate as they watch your performance. This is a great way to earn as people will enjoy a short performance on the street from a non-native.
Work At Resorts
You can also offer your part-time services at a resort where you stay. The best way is to assist during a few rush-hours which will earn you enough to last the day. Not only will you save your travel-money, but also get a fun experience out of it.
Become a Tour Guide
If it is some place you have been before, or have good knowledge about, you can become a tour guide for others. Since local tour guides are often quite expensive, anyone charging lesser will do for the other tourists. In addition to that, you also get to visit your favourite places while cashing in on your information about them.
Travel blogs are getting more and more popular among tourists around the world. Since it is hard to find a good place to visit, it is your travel-blogs that will help tourists to get a prior, hands-on review. Travel bloggers can earn from holding a subscription fee for exclusive content. Furthermore, you can also feature a particular place—a hotel or a resort for instance—while charging them instead of your readers.
Become a Bartender
Bartending is one of your best bets to earn cash while travelling. Several places in cities and towns are willing to pay easy cash for bartending services.
Sell Your Art
If there is some specific art of yours, may be a handmade pot, or a scenic painting, you can sell it while on tour. Many tourists sketch people on the go and charge them. If in luck, you might even make a pretty good sale on your art, or get a few additional orders for the future.
The best way is to make a budget of what you plan on spending each day, and then figure out how much time you would give to earning that amount. Some days, you will be able to earn a small portion of it, while other days could bring in enough cash to last more than just a day.
Personal Contract Pricing, or PCP, provides greater benefits in financing a car purchase. The loan option turns out to be a better deal as compared to leasing and conventional auto loans. One ways you can lower the loan burden is by spreading the loan amount over a longer period of time. But, it also inflates the net loan amount – unless the loan has zero-percent APR.
For instance, if you’ve availed a 3-year car loan of £25,000 at 2.5% APR, then you will have to pay £722 per month. In case of a 2-year car loan, the monthly payment amounts to £1,069 per month. Clearly the higher period car loan has lower monthly payment.
However, with a higher period auto loan the net payment is higher as compared to a lower payment period i.e. £25,992 for 3-year loan and £25,656 for a 2-year loan.
So, a two-year PCP deal generally provides greater value as compared to a three-year period loan. By artificially reducing the monthly payments through extending the payment period, you inflate the net amount that you pay for the vehicle. This defeats the very reason for which you opt for a higher period loan.
Why a two-year PCP deal is Better than a three-year deal?
The PCP deal allows you to own a car by making monthly payments. At the end of the payment period, you can either purchase the vehicle by making a ‘balloon payment’, sell the car back to the finance company, or trade the vehicle for a new one. The last of these is where a two-year PCP deals offer greater value as compared to the typical three-year period deal.
To understand the reason why a two-year deal provides greater value, you should know that every car that is purchased using a PCP option has a guaranteed future value (GFV). This value is calculated and quoted by the company that issues PCP. A car will have great GFV at the end of a two-year period as compared to a three-year period. This means that if you trade-in the car after the end of a two year period, you will have greater a equity for initiating a new PCP deal as compared to initiating the deal after a three year period.
In addition, some car brands provide 0% APR on two-year PCPs, but not on a three- year schemes. In such a case the lower period plan will entail lower monthly payment and greater GFV with inflating the net payment made for the car.
In addition, some car manufacturers charge higher rate on the longer period PCP, and a lower rate on shorter period plan. This again makes a shorter period two-year plan a better option as compared to the usual three-year PCP plan.
In short, you would benefit more from opting for a two-year PCP. The GFV of the car will typically be higher at the end of two years, while the monthly amount is lower making it a better deal as compared to the alternative three-year scheme.
First of all let’s start with what a guarantor loan is. A guarantor loan is something which is done when a person has bad credit history. If a person who comes to a bank and asks for a loan gets declined, but they really need the money right now and their family or friends don’t have enough to borrow them, the only way they can get a loan is by signing a guarantor loan.
Guarantor loan works like this. You find a family member, friend or even a colleague who has a good credit record and ask them to become your guarantor. If that person agrees, that means that you can go to a bank and present this person as your guarantor. A guarantor guarantees that you will pay back the loan. Should you fail to pay the loan, everything you borrowed falls on that person to pay it for you.
Guarantor loans require from a guarantor to be over 21 years old and to have a good credit history.
These loans usually expect you to bring money back in one to five years and normally don’t exceed 10 thousand dollars.
But as the title stands, what does it really mean to be a guarantor and what you should expect?
Being a guarantor is very risky. Should a person who you’re guaranteeing for fails to pay the money back, that burden falls on you and you alone. The most important thing to do before becoming a guarantor is to properly inform yourself about everything there is to know.
Here are a few of the things you need to consider before becoming a guarantor.
- First of all, why does this certain person needs a guarantor for in the first place. How come they have poor credit history and will they be able to pay back the money the borrowed.
- Secondly, how responsible is the person who is asking you to become a guarantor. Are they responsible enough to take this seriously and not cause you any problems down the road.
- Also, how important is this loan to a person who is asking you to become a guarantor. Is it something they really need or is it maybe something they could simply save money for, for some period of time.
- The important thing to remember is, being a guarantor doesn’t only mean you will be paying back the original loan, it also requires you to pay back the interest rate. So the question you should ask yourself is will you be able to pay it all back if a person who you’re guaranteeing for can’t or won’t.
- Being a guarantor is a very serious business and you might even be asked to name something as a security should you fail to repay the debt.
After thinking about everything that we’ve mentioned above and most of all about the person who you’re about to guarantee for and you’re still in doubt. The best course of action would be to seek legal advice.
The following article will provide you with the best advice that will teach you the best method principles of web-based payday loans.
Payday loan corporations offer different techniques to get around regulations that are usury and are meant for protecting buyers. Also, they usually charge completely legal fees. So, this can go up to 10 times the rates of interest than traditional loans.Furthermore, you should try repaying the loan until the due date. If you extend the loan, then you may simply compound the rates of interest. By this, you will make everything even worse: you will need to pay back the borrowed sum down the line.
Calculate before borrowing
Many variables influence the amount of cash possible to get by taking out payday loan. This can be established by your income sum. Payday lenders will often calculate the money you will borrow, and then they establish the highest amount for which you are qualified for. It would be smart to keep this in your mind when pursuing pay day loan for whichever reason.
Also, always be skeptical about most expenses that are related to your payday loan. You could be shocked to see the rates some companies charge for. So, it can be a huge shock to realize how expensive this particular loan can be. The conclusion is: Never hesitate asking the payday advance.
Always keep all paperwork related to your loan in order not to neglect making timely payments since failing to cover them within the deadline can cause big fees that you will not be able to pay off.
Check every details
When thinking of getting a payday loan, it is better to check every detail since payday lenders offer a large number of rates and fees. You never know when some other sites offer better deals than the other ones. So: Do not borrow any money until you have examined a lot of payday loan sites.
If you wish for a payday advance, be sure that you get all the information in writing before you have signed any kind of contract.
Those people who obtain cash advances should try doing the research before they have submitted the applying. What I want to say is that you should not simply raise the very 1st loan from the company you have found. Try comparing rates of interest and payback policies before applying to a certain corporation; judge the regards to various loans prior to actually choosing one.
Also, get to know payday lender prior to taking further step. Be completely sure you have employed a client that is trustworthy. Also, have all the data in writing so as to easily establish the sum you will have to pay off until a certain date.
Contact with those upfront companies only that are in regards to the rates and fees on cash advances. Try avoiding corporations that are constantly hiding their loans.
If you are not so good at saving money for buying something big and investing it smart, but instead you spend it on all kind of things that you do not even need. Then the thing you should do is surely open a savings account. Other from being a great way to save your money, it could be a great gift for someone you really care about. Birthday gift to your kid might be the best solution and it will also save you the trouble of choosing and buying every next birthday present, just put more money in their bank account and they will be content if not delighted. Besides by opening your children’s saving account, you can ensure their future and save money for their college tuition, or for starting business of their own.
Things that you should pay attention
When choosing for savings account, you have to plan it all upfront, how much money do you want to stock on your savings account, do you want access to your account in every second or you want to lock it, do you want to manage your account via Internet or by visiting a bank. If you already decided to open your account and which type do you need, here are a few things that you should pay attention to:
Read the small print at the end of your contract before you sign it, just to make sure there are not some tricks, that will make you lose all your interest when keeping your money in a bank. This applies for everything hereinafter.
Pick an account with easy access
Easy access means that you will be able to access your account every time you need it. However, if you see ‘easy access’ written in big font, do not fall under its spell, before reading the small fonts. Often the easy access can be limited by the number of times you are allowed to withdraw your money. If you are saving your money for so called rainy days, you might not want this, or be sure the number of withdrawal possibilities are enough for you.
If you really want to earn some money by saving it in a bank, and it is the only purpose you opened your account, then the right choice for you may be the notice account. Assuming that you won’t have to withdraw your money immediately. Notice type account means that you will have to notice the bank that you will need to make a withdrawal in advance. How many days upfront will you have to notice your bank, varies from bank to bank, but it is usually thirty, sixty or hundred and twenty days in advance. These Notice accounts give you the possibility of higher returns than an easy access and instant access ones.
The difference between these two types of saving accounts are narrowing in the recent times, which means that it is not so big a difference which type of account you will chose. However, we hope that this article helped you to make up your mind about saving accounts.
W hen you need money urgently, you cannot spend too much time filling in the application form which can be confusing and time-consuming. Sites like QuiddiCompare that have services exclusively online make it possible to reduce the waiting time of the loan approval. Fast payday loans that are web-based are secure because of a large number of reasons, and the main one is that the money is sent directly to your bank account.
You will get money really fast if borrowing money online:
Do not delay filling in an application form if you have some urgent a necessary funds to cover some finances (if you are in a financial crisis). In the situation that you the conditions provided in the application form suit you, then you should send them a request for getting a payday loan. In my opinion, they are always ready to give you the assistance in the shortest possible period of time. Also, you can receive quick payday loans online without the certification from your employer. It will take you just two minutes of your time to fill out the application form. The money requested will be sent to your bank account within fifteen minutes.
People who need money urgently and in a very short time period, are offered quick payday loans online without complications. You can be a 100% sure you will receive fast and discreet service if you borrow money from them. The application is simple; there are no additional questions that just bother and interfere with your private life.
When it is the best time to get fast payday loans via the Internet?
They work with clients only online. By this, you can ask for a quick payday loan anytime. With just several clicks of mouse, money can be yours no matter where you are,. Their application form is supported by PCs, tablets, and smartphones. So, they have simplified and speeded up the process of receiving fast payday loans that one can request via the Internet.
Various different reasons make their services enjoyable:
1. reduced stress is guaranteed
2. your time and money are saved in high quantities
3. there will be no additional costs anymore
4. no additional certificates of notaries from your employers will be required from you
5. payday loans will be sent to you the same day you requested them
These sites are a part of a Group that is a leading provider of mobile financial services in the EU and worldwide. They work with more than two million satisfied customers. Also they provide a discreet and service that is easily accessible to payday loans over the Internet or via mobile phones.
They will be there for you when you think that there is no exit from the financially bad situation you have found yourself in. Also, these payday loans have helped a large number of people so this means that they will assist you, too! Their helpful and professional staff will help you with choosing the right sum of the money you will borrow from them.
When used responsively, credit card can be a very useful financial tool with a range of benefits. It expands your purchasing power onto the online and phone purchases, it allows you to buy whatever you need even in foreign countries, it can bring you bonus points and rewards, and even improve your credit rating if you pay the card’s debt timely and in full. Still, before you apply for a credit card, there are some things you must know and reconsider in order to be sure that this is the right payment option for you.
Types of credit cards
First of all, there are different types of credit cards. You have general purpose cards, which can be used anywhere, for all types of payments and purchases. There are also private label retail cards, which are used only at specific stores, usually those who issued them. Most general purpose cards are are unsecured, which means that they are issued based on your credit rating and credit history, and they are not backed by any assets or accounts. On the other hand, there are also secured credit cards, which are baked by a deposit account in which you add the funds, and in case you default the payment, the card issuer is entitled to claiming the funds from that account.
Then, there are people who own a large number of credit cards and who are able to joggle the debt and pay everything on time. However, this is not suitable for everyone, and it is generally not recommended having too many credit cards, because it is difficult to keep track of the debt, and you can eventually spend more on interests than you have actually spent on card purchases.
Credit cards come with different interest rates, which you are obliged to pay if you are late with repaying the debt for the card. It can vary from 0% (for a limited period of time) to as much as 30%. Therefore, when choosing the credit card company, you need to be sure to understand all the requirements you need to fulfill and all the potential fees and interest you may be required to pay at certain conditions.
More information here
It is also important to know that, when you apply for a credit card, you will be given the agreement you need to sign. It is legally binding as much as any contract, so you need to make sure to read it carefully before signing. The credit card agreement stipulates the following: the credit limit, the annual percentage rate, the method of interest calculation, whether the annual percentage rate is fixed or variable, the duration of grace period and all the fees you need to pay at certain conditions. Therefore, pay attention to these details not only before signing the agreement, but also before you decide to choose the credit card company to issue you the card. You should do so in order to be sure that they all work well for you and that you will be able to respect the deal.