Tips on how to purchase your first car

Now that you’re finally financially stable and feel as though you are ready for a brand new milestone in life, you have finally decided to get your very first automobile. You’ve set your eyes on a certain model, color and brand but you don’t know how to negotiate your way to get the best possible a car loan. Once you visit your selected car dealership, get ready to be bombarded by sales pitch after sales pitch. Both the sales man and financial manager will try their best to sell you everything from their latest car model to extended warranties. Here’s how you can work your way past the sales pitch and carry the negotiation to your own terms.

1. Do not settle for the given price
Salesmen will often ask you immediately how much you are willing to pay for the car each month. This is a trick used to get you to tell them the maximum price you’re willing to pay for a car while making you think that the negotiation is based according to your terms when in reality, it isn’t. Remember to negotiate the actual selling price of the vehicle, not how much you are going to spend per month. This may sound easy but if you fall for their tricks, your car may end up more of a burden than a reward for your hard work.

2. The longer the loan term, the bigger you pay
Some offers presented to you may seem cost efficient because dealerships make it seem like your paying very little per month. What they are actually doing is lengthening the term of your auto loan. It is absurd to be paying for a car for seven to eight years. Never take a car loan for more than four years (five years is still considerable.) Take note, as time passes by, the value of your vehicle depreciates, yet your payment continues.

3. Never settle for a high interest car loan
This is probably a given in any loaning situations, but this may as well be the golden rule. People with impressive credit history are offered single digit rates. People who have a few kinks in their credit history get about 12% to 15%. But individuals with bad credit ratings are offered up to 25% interest rate. That is simply ridiculous! Regardless of your credit history, it is definitely not worth paying unreasonably high rates.

4. Don’t let your emotions make the decision
Yes, it is your dream car. Yes, you are only paying very little per month. Yes, the deal sounds great. What may seem so wonderful at the moment can lead to years of regret. Regret that only a bad car loan can bring. The dealership is unwilling to help you make a sensible decision and is there to make a sale. So keep your emotions out of the equation and think clearly before signing anything you might end up regretting.

Getting your dream car is huge step. Make sure you don’t regret your choices by ensuring a good quality loan that best fits your financial stability. There are also available loan out there that you can avail such as payday loan, this loan are suitable to avail if you need emergency cash or you are short of money.

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Key Facts about Treehouse Payday Loans

Are you looking for short term loans? There are many companies that offer such loans, including payday loans. However, Tree House loans are one of the best options. That’s because the company has become one of the top sources of such loans in the UK. However, if you’re not familiar with the company, here are some important facts that you should be aware of about the company:

1. It attempts to provide the best service possible

Unlike many other companies, Tree House strives to provide the best customer service for its customers, including for payday loans UK. This is important as it helps to ensure that each and every customer receives the best customer service possible.

It’s interesting to note that in many surveys of customers in different industries, it turns out that consumers often value customer service more than low prices. This highlights one of the key features of Tree House since the company is dedicated to providing the very best customer service possible 

2. It meets FCA guidelines

When choosing a company that offers emergency money, it’s important to select one that’s 100% legitimate. One of the top features of Tree House is that it meets the guidelines set by various governing bodies including the FCA. Why is this important? It shows that the company is dedicated to following the rules of the industry.

It’s important that companies comply with regulations related to the business of lending money. Tree House Loans ensure that all of their transactions are legit. This might seem at first to be a trivial issue. However, it’s very important to help guarantee that the company is following all of the legal and governmental requirements. On the other hand, if you choose the wrong lending company, there’s no guarantee that such rules will be followed, and in fact, it’s likely that they won’t be.   

3. It strives for a reliable website

Tree House notes that this is one of the main priorities of the company. It goes without saying that websites are critical for today’s companies since they provide valuable information about various issues, such as payday loans. However, Tree House goes the extra mile to make sure that it’s providing the latest and most important information on its website. This helps to guarantee that the company is offering information that its current and potential customers want and need.   

4. It tries to make the process as smooth as possible

Another key feature of Tree Top is that it tries to make the process of money-lending as smooth as possible. The goal is to provide people with short-term loans as quick as possible. In fact, the company states that it believes everyone should have the right to be lent money regardless of what their financial situation is.

5. It wants to lend responsibly

Tree House Loans want to make sure that it’s lending responsibly. Thus, it follows a process for each loan. It wants to make sure that customers are able to repay the loans they take out, such as payday loans.

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Tips on how to avail UK Loan

Whether it’s a home loan, a car loan, a student’s loan, payday loan or a simple personal loan, availing for a loan can be a tedious process most especially for the inexperienced. Some even seek the help of financial professionals and/or analysts to get a better chance at being granted a loan. The people who do such things can’t be put to blame though. Opting for professional help in getting a loan can make the process easier and will help you sleep better, but really, there’s no need for that. When in need of advice, feel free to run through the list below on what you need to do to get the best and cheapest possible loan for your intended purposes.

Am I qualified for a loan in the UK?

Like most countries, you need to be at the very least an eighteen (18) years old resident of the United Kingdom to be able to apply for a loan. Usually, you will need to already have an existing account with your lender or will be asked to make one if need be.

Certain criteria must be met by the borrower, such as: good credit history – this means no unsettled debt from other financial institutions – and a stable financial situation. Lenders mainly base the approval of your loan on those two factors. When they feel as if you are not capable of paying your dues on time – because of previously late or missed payment transactions – then there is indeed a greater chance that your application will be declined, or if not, higher interest will be charged to you.

How much will they lend me?

Lenders in the UK usually grant loans from ₤1,000.00 up to ₤25,000. But of course, how much you can loan will most definitely depend on your current financial stability and credit history. So, it is expected from the borrowers end to ask for a reasonable amount that he or she can afford to pay on time.

For how long can I borrow?

This is a factor that differs from one lender to another. The term and longevity of the loan can typically last from one to seven years. However, keep in mind that the longer the loan term is, the bigger the amount that you will have to pay. Your repayment will get lower and lower as the years pass by just as the interest rate will add up, ultimately leaving your dues bigger than it should be.

Basically, it all boils down to finding a loan that will fit your current financial situation best. You may even want to look for loan information from various lenders and several banks to ensure a loan that is just right for your financial capability. Learn to maximize your loaning capacity but at the same time, do not go too overboard. The last thing a reasonable borrower would want is a messy credit history and long years to be spent repaying a falsely calculated loan.

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The Cause- Effectiveness of Payday Loan

The struggle of life usually revolves around money. No matter how hard you work, there are never ending bills for the basic needs that is needed to be met everyday, more bills to pay and even unnecessary expenses. With all these issues, there is no other way but to seek fund assistance which most likely to happen just to compensate your daily living. There are many ways in which you can borrow money from a lending company. It would be best to seek financial assistance either to banks who can tailor fit your needs accordingly.

Payday loan is a type of short-term loan and it is an option in which you can use to borrow money wherein you have to pay your debt on the next paycheck. There are terms needed to follow with your lender like a contract for you to be able to surely pay your debt as soon as the next payday arrives. In every loan system there are few things that you need to tackle and consider all at the same time. Understanding the cause and effect is one way for you to weigh your decisions whether or not you want to continue borrowing money. Knowing what is ideal for you will take you to the next step in your decision-making. The following are pros and cons of payday loans.

The following are the benefits of payday loans: Fast approval and easy process are one of the benefits of payday loans. This kind of process is indeed very quick unlike other traditional loan there is less hassle and paperwork. The lender does not ask further documentations as long as you submit legal identification and money is given right away for you to borrow.

Secured privacy- part of their assessment is that it is necessary that you are employed; you can not lend money from a lender if you are not currently working. Your employment status is important and your ability to be able to pay back what you owe from the lender.

There is no credit checks- this is one of the best benefits in which you can avail from payday loans because you do not have to be shameful of expressing your past debts and credit performance. All you need to do it prepare the necessary documents such as the bank statements, pay stubs and post-dated checks.

There is no need for a collateral- the only guarantee that your lender has is your post-dated check, so you do not have to worry about any confiscation of property.

On the contrary, payday loans should not be your means of solution if ever you encounter financial issues. Since you are putting your post-dated check to your lender, the disadvantage is that you will missed one pay check and that will risk you from additional expenses and more debts. The drawback of payday loan is that you have to face the reality of interest rates once you are not able to pay right away with small amount of money in just a short period of time.

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Things You Shouldn’t Take out a UK Payday Loan for

Are you looking for short term loans? If so then you should definitely consider those at Tree House Loans. They provide some of the best pay day loans available, which can supply you with emergency funds for bills, home repairs, and so on.

While such loans can be great when you need some extra cash, there are certainly some cases in which you shouldn’t use the loans. Here are some of them:

1. Luxury items

It might be tempting to use emergency money from pay-day loans to pay for luxury items such as a new gadget, jewelry, and similar items. It’s certainly great to have such items, and they can make your life more enjoyable. However, such items don’t qualify as emergencies, even if they’re in a clearance sale or almost out of stock. Buying such items when you have other pressing financial needs isn’t a wise decision.

2. New contract

Whether you’re buying a new TV, signing up for the Internet, or entering into a mobile contract, it’s highly advisable not to take out a payday loan for it. Such loans should only be used for emergencies. Besides that, Besides that if you enter into a contract you’ll have monthly payments to make, so you’ll get a bill each month anyway.

3. Vacations/Getaways

There’s nothing wrong with taking holidays, and studies show that taking a few weeks off during the year can do wonders for your mind and body. However, payday loans probably shouldn’t be used for this purpose.

For example, a flight deal that’s going to expire soon doesn’t really count as an emergency, and in fact could cause more money problems if you return home to a lot of debt. Instead, make sure to use the money strictly for emergencies.    

4. Repaying friends and family

Borrowing money from friends and family is quite easy because they’re usually willing to help you out. That said, it can also cause various problems, which you should keep in mind. You should definitely take steps to repay them since you owe them the money.

This isn’t to say that you should abuse the situation and ask for an unreasonable extension to repay the loan. However, if you take out a loan to repay another loan, it will likely result in you digging yourself a hole of debt. That’s certainly a situation you want to avoid. Instead, it’s better to explain to the person you borrowed from about your financial situation, then try to repay the money a little at a time.

5. Birthday/Holiday Gifts

This can be a tough one to deal with. On one hand you certainly want to provide birthday or Christmas presents to friends and loved ones. Wouldn’t it be heartless not to? It’s a little more complicated than that.

It’s certainly a great gesture to buy birthday or Christmas presents during those times. However, technically speaking they’re not emergencies. Instead of taking out payday loans UK to pay for such gifts, an alternative would be to buy smaller gifts or even delay the gift-buying until you can realistically afford them.    

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Things to know about Payday Loans in UK

Payday Loans in the UK is rapidly seen by the public and increasing with many branches of lending companies scattered around Britain and online. Also considered as short-term loans, Payday Loans in UK costs as much as £25 for every £100 every month. Payday loans are used if an individual is in a difficult financial position and situation.

Known for being honestly transparent, feasible and understanding, Wonga and other British legal Payday Loan lending companies are approved by the Financial Conduct Authority (FCA). By exploring more of them online, one can just easily apply and access pay day loans anywhere, all the time. These are common tips from their companies to aspiring borrowers who will invest in payday loans.

Compare Lenders (Popular ones are a plus)

UK has the most number of Lenders in the world. Online Lending platforms are competing to get clients to use their lending services. However, it is up to you on how to judge them depending on their lowest interest rate, and the reduction of amount you have to give back.  Moreover, consulting them personally is also a good plus if you cannot be satisfied with their online information.

Ask and approach

Approach and consult trusted providers with honest opinions, comments and reviews including good client service. Many individuals trust in and only utilize institutionalized services which someone they also know and trust has recommended and recently used. Feedbacks are a viable help for new members who will invest in this money transaction.

Read and Understand

Reading the small print whenever signing the contract is the most cautious and vigilant ways of investing pay day loans. Make sure you understand the lender’s terms and conditions, and their companies’ mission and vision site.  As with any contract, understand the fine print of it to avoid liabilities and misconceptions.

Plan and see it for yourself

Take a good look in your financial situation and income. The most important tip yet is to borrow what one can afford to pay back. It is mostly advised to borrowers willing to invest in pay day loans for financial aid. It means that thinking ahead and double checking your pay check before loaning anything is obligated.  Take a closer eye on your personal pay check. Avoid going beyond on its amount in which you cannot pay back.

Regular use is a red flag

Payday Loans’ purpose is for emergencies. The more one can use these loans to support one’s livelihood is the greater the interest one must return and pay back. Use it for health care emergencies, abrupt household and automotive repairs, and other unexpected circumstances in life.

Limited only for Short term usage

Pay day loans do not fit for a long term financial solution because of its lower interest rate. Sure it can be fast to access and get, but when it comes to long term-investment, experts suggest that pay day loans are a problem. Moreover, interest rates grows up to thousand percentages which means, over one year, you will pay back multiple 10 times the amount you rented.

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Cheap Personal Loans in the UK

There so many loaning options and offers that are made available in the market, this makes selecting the best loan offer for you a bit more complicated than it really should be. But to help you make the wisest choice you can possibly make, here is a compilation of the best deals available in the market by far. However, bear in mind that the deals and rates shown below may not be granted to you and declined credit application will leave a dent on your credit history.

1. M&S Bank

M&S bank offers a 3.3pc rate and also gives the borrower the chance to loan from ₤7,000 up to ₤15,000 and can be paid from one up to seven calendar years. But of course, credit offering will still rely on the borrower’s credit record.

1. Sainsbury’s Bank

Like the previously mentioned M&S Bank, the Sainsbury’s Bank also offers a rate of 3.3pc on loans amounting to ₤7,500 up to ₤15,000. However, if the certain borrower does not have nectar, the rate will rise to 3.4pc. The only difference between M&S Bank and Sainsbury’s Bank is that in this bank the loan can be cleared and paid back in the span of two to three years compared to the former – much shorter than that of M&S Bank.

1. HSBC

Similar to Sainsbury’s Bank, HSBC offers loan rates at 3.3pc for loan amounting from ₤7,500 up to ₤15,000. However, credit with HSBC has a five-year repayment period, which is nearly double the amount of time it takes to payback a loan for Sainsbury’s Bank.

1. Nationwide

Nationwide offers loans with interest rates slightly higher than that of the other banks mentioned above. This bank offers loans at 3.4pc on personal loans amounting to ₤7,500 up to ₤14,999 to be pain in the span of one to five calendar years.

1. Clydesdale Bank

Just like Nationwide, Clydesdale Bank offers loans at 3.4pc on amounts from ₤7,500 up to ₤15,000. These loans can be paid in the span of one to seven years, though sometimes, with a five year limit on some loans, depending on the borrower’s credit record over the past couple of years.

The same terms and conditions are followed at Yorkshire Bank since it is the northern England counterpart of Clydesdale Bank.

1. Tesco Bank

This bank offers loans between ₤7,500 up to ₤15,000 at 3.6pc for clients who are club card holders. This loan can be repaid in one to eight years.

1. First Direct

The bank that offers the lowest rate there is in the market. Loans of ₤7,500 up to a heaping ₤25,000 can be availed at 3.6pc. However, this loan can only be availed by clients and borrowers holding a first current account. This loan can be repaid in the span of one to seven years.

Again, loans are being offered left and right in the UK. It is solely up to the borrower to determine the most appropriate loan based on current financial and living situation. Be sure to be at the top of your game in evaluating each loan offered by every potential lender. You can also check out payday loans if you want a short term loan.

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5 Well Thought Out Reasons When to Apply For Payday Loans

1. The first ever reason when and why you should apply for payday loans is due to accidents, overdrafts charges, or maxed out cards. Those situations will really result in applying payday loans. Also, if you actually think about it, with the issues about cards, there is actually something that you can do about it, and it is budgeting. If you know that there will be times that you need to spend on something, and then try not to buy it all at once, because mixing your needs and wants will really max out everything.

2. Another reason when you need to apply is that when unfortunate event comes like medical emergencies and worst death. When those situations will happen to your family and you do not have savings for emergency expenses, then you have really no choice but to file for application for payday loans. With those types of emergencies, you tend to get emotional thus most of the time clouding your decision, so what you can do is that you still need to think if you can pay that certain amount that you are going to borrow because if not, then try other options like if you have other family members that can pay for it, then share the responsibilities.

3. Then, this is the most common reason why and when you need to apply for payday loans, and it is when you need to pay those mandatory household bills, expenses and rent because those things cannot wait. You can’t wait for your next pay check to arrive if you already do not have enough supplies at home, most especially if you have kids. And other bills like electricity, water, and other bills like for insurance, those have due dates meaning you need to pay those on time so that you will not have any problem about late fees in the future.

4. Then one of the most common reason when and why you will need to apply for payday loans is when your monthly income is unstable. When your monthly income is unstable and your spending are also unstable, then that would be the most common reason why you would run out of money. Even if you have a regular job, your salary could still be unstable when you have deductions like if you still have student loans or you have other cash advance from your company and you have agreed through writing that you will allow them to deduct it from your pay.

5. And then the most common of all times, it would be poor decision making in relation to budgeting 101. Now if you want to refrain yourself from applying in those very much accessible payday lenders broker sites since you can apply anytime 24/7 a day because it’s online, is that you need to really know what are your needs and your wants. Knowing such things are very important when you already have a family of your own. You do not want your family to always sacrifice or compromise something just because of your poor budgeting skills. Though this does not mean that you should not buy anything that you just want, the point is that you need to prioritize things, and if for example you have already bought all the things that you and your whole family needs, after those mandatory household bills, then you can buy those things that you want but keep in mind that you still need to eat tomorrow. And another solution for your emergency needs, like what you can do is that get a percentage of your every pay out, no matter how small it is, then save it for emergency purposes. Again, no matter how small you start, it will eventually grow.

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