13 July 2012

Going Away This Summer? Make Sure You Have The Right Travel Insurance

Holidays can take a lot of time of energy to plan not to mention they can cost a lot of money. To protect what can be a major purchase you should think about taking out travel insurance. Unfortunately, the unexpected can happen and failing to take out travel insurance can turn a holiday into a costly financial nightmare. A comprehensive travel insurance policy can be a great help if you have to deal with any number of problems while you abroad. Travel insurance can cover you if you experience travel delays, cancellations, missed departures, lost, delayed or stolen items including your belongings, money and transport, emergency medical treatment and repatriation, personal liability and legal expenses. You can also get additional cover options including winter sports, hazardous sports and leisure activities, terrorist incidents and if your airline goes out of business. You can buy travel insurance for a single trip or an annual policy for all trips taken in a year.

When deciding on the right policy for you bear in mind that different travel insurance policies cover different things and the risks that are covered will vary from policy to policy. With this in mind always make sure you know exactly what is and isn’t covered before you sign anything. You need to decide what is important to you and make sure that the policy you choose provides the right level of cover for your circumstances. This will help you avoid any unexpected surprises if you are unfortunate enough to make a claim.  Remember that price isn’t everything because the cheapest insurance is not necessarily the best as it will offer the least amount of cover.

There are a huge range of policies and so it is essential that you take the time to find the best cover to suit your pocket and your travelling needs. Buying travel insurance through a tour operator or travel agent is typically much higher than what is available elsewhere and you shouldn’t be fooled by holiday operators who insist that you take out their own insurance. The best way to find travel insurance is to compare policies online. Sites like Which Way To Pay are great places to find some of the best travel insurance deals. 

05 July 2012

Why Are Payday Loans So Popular?

Payday loans have been talked about in the press a lot recently. Despite the bad press they are one of the most popular products on the financial market at the moment. The reason why so many people are turning to payday loans is because they are one of the easiest and fastest ways of getting hold of instant cash. People take out payday loans for a number of reasons. If you are struggling to make ends meet before your next payday or an emergency expense has caught you by surprise then a payday loan could be considered.

Another reason why payday loans are so popular is that they are extremely accessible.  There are minimal credit checks involved and as long as you are over 18, have a bank account and a regular income you are pretty much guaranteed to get approved, even if you have a bad credit history. To get hold of a payday loan all you have to do is complete an online application which will only take a couple of minutes and you could have the money in your account in under an hour.

There are certain dangers that come with taking out a payday loan. It is paramount that you are certain you will be able to pay back the loan, plus the interest when the payment is due. The interest rates on these loans can be very high and so payday loans should only be used as a last resort. As the interest rates so using these loans incorrectly or regularly could result in a debt crisis. In some cases even if the lender agrees to extend the loan you will continue to pay the interest which can accumulate and there may also be other costs for missing payments. Remember that payday loans are for short term borrowing and should never be used to solve any long term financial difficulties you might have.

Make sure you research the payday loan market and compare products before you make your decision.