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Mortgage, Income & Loan Payment Protection Insurance Provider: Paymentcare UK, loan insurance.#Loan #insurance


Homeowners Income Protection Insurance

What does Homeowners Income Protection Insurance do?

It can provide you with a proven means to help you keep paying your bills and maintain your lifestyle and any financial commitments by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness or Involuntary Unemployment. This can be a way of helping you avoid getting into debt should the unthinkable happen to you.

The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

Homeowners Income Protection is designed to help pay your financial commitments in the event of Accident, Sickness and Involuntary Unemployment.

Simply choose the type of cover you require:

ASU – Accident, Sickness Unemployment

AS – Accident Sickness only

U Unemployment only

Mortgage Payment Protection Insurance

  • Your mortgage paid if you can’t work
  • Premiums refunded during claims
  • Unemployment Exclusions waived* when you Switch
  • Great value Customer feedback

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What does Mortgage Payment Protection Insurance do?

It can provide you with a proven means to help you keep paying your mortgage and other associated household bills on the property that is your main residence by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness (Disability) or Involuntary Unemployment. This can be a way of helping you avoid getting into debt should the unthinkable happen to you.

The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

Mortgage Payment Protection Insurance (MPPI) is sometimes referred to as (ASU) Accident, Sickness (Disability) and Involuntary Unemployment and is designed to help pay your mortgage in the event of Accident, Sickness (Disability) and Involuntary Unemployment.

We believe our Mortgage Payment Protection Insurance policy offers UK homeowners complete peace of mind protection at the best possible price.

Simply choose the type of cover you require:

ASU – Accident, Sickness (Disability) Unemployment

AS – Accident Sickness (Disability) only

U Unemployment only

Loan Payment Protection Insurance

  • Unemployment Exclusions waived* when you Switch
  • Benefits paid even if you’re being paid Sick Pay/SSP
  • Premiums paid monthly
  • Monthly benefits of up to 1500

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What does Loan Payment Protection Insurance do?

It can provide you with a proven means to help you keep paying your monthly repayments on any personal loans you have by providing you with a set monthly benefit in the event that you are unable to work due to Accident, Sickness (Disability) or Involuntary Unemployment. This can be a way of helping you avoid getting into debt and falling behind with your monthly repayments should the unthinkable happen to you.

The monthly benefit payments from the policy are paid directly to you and are capped as a percentage of your salary with an upper limit.

Loan Payment Protection Insurance is sometimes referred to as (PPI) or (ASU) Accident, Sickness (Disability) and Involuntary Unemployment and is designed to help pay your mortgage in the event of Accident, Sickness (Disability) and Involuntary Unemployment.

PPI has had a bad press over the past few years because many banks and lenders generally mis-sold what was know a s a single premium policy which had to be paid for up front (often for several years at a time) to people who didn t want the cover or know that they had been charged for it! It really has been a case of the policy being hijacked by these unscrupulous lenders rather than it being a bad type of insurance per se.

Simply choose the type of cover you require:

ASU – Accident, Sickness (Disability) Unemployment

AS – Accident Sickness (Disability) only

U Unemployment only

Credit Card Payment Protection Insurance

  • Benefits paid even if you’re being paid Sick Pay/SSP
  • Premiums refunded during claims
  • Easy application process
  • Maximum 5000 coverage

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What does Credit Card Payment Protection Insurance do?

Credit Card Payment Protection Insurance (CCPPI) is also referred to as Payment Protection Insurance (PPI), and like PPI, it has been in the news headlines over the past few years, as the extortionate premiums charged by some credit card companies and store cards has been exposed as a complete rip off. With the worst offenders only paying 3% of a customer s outstanding balance in the event of having to claim due to Accident, Sickness (Disability) or Involuntary Unemployment.

Payment Protection Insurance specifically for UK credit cards has always only ever been available from the card providers themselves and that s why Paymentcare s Credit Card Payment Protection policy offers UK card holders a great alternative. Customers simply select an amount between 1000 and 5000 that best reflects the average outstanding balance across their credit card(s), you can cover as many as you like up to the policy limit as long as you do not exceed 50% of your monthly salary.

So what s Unique about Credit Card Protection?

UK s lowest cost stand alone credit card cover per 100 of outstanding balance at only 0.55. True protection when you need it most unlike every other credit card payment protection insurance you do not pay for the insurance during a claim period.

How Does it Work?

Choose the level of cover that s closest to your average monthly outstanding credit card balance(s) between 1000 and 5000.

Cover as many of your credit cards as you wish. The minimum cover amount is 1000 and the maximum is 5000 in total.

e.g. Assuming you have an average monthly outstanding balance of 5000 on your credit card(s) we pay 10% = 500 per month during a claim period, for up to a maximum of 10 months.

Want to switch your existing Policy to us?

It’s FREE & EASY to switch an existing policy to Paymentcare with NO PENALTIES.

Can I transfer cover from another Mortgage (MPPI) / Loan / Homeowners Income Protection Insurance provider?

Yes it’s easy to transfer cover, provided you are eligible for the policy and can meet a few simple conditions.

Great news. we also waive the initial exclusion period (this is the period of time where you cannot claim for involuntary unemployment) which applies at the start of a policy, provided that you meet these conditions:

  • There is no break in cover, between your existing policy and your new policy with us.
  • Your existing policy has been in force for at least six months.
  • The benefit of your new policy is the same as on your existing policy. You can increase the amount, but the initial exclusion period will apply to the increased amount you request.
  • The cover is on a like for like basis (the same level of cover).
  • You must be claim free under your existing policy.
  • Any pre-existing medical conditions that are excluded under your existing policy will also be excluded under your new policy.
  • We request that you send a copy of your existing certificate of insurance. THIS WILL BE REQUIRED IN THE EVENT OF ANY FUTURE CLAIM ON YOUR NEW POLICY.

Do NOT cancel your existing policy until you have received your new policy documents confirming cover with ourselves. Then you should inform your existing insurer.

Can I transfer cover from another Credit Card Protection Insurance provider?

We are not aware of any other stand alone credit card protection insurance provider! If you meet the eligibility criteria and you deem that the policy meets your demands and needs and you would like to apply for cover, instead of paying over the odds to your credit card company, then of course you may submit an application.


India – s Largest Loan Distributor, loan insurance.#Loan #insurance


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Meet our loan experts

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Chhaya Raichura

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Mitesh Mehta

Apnapaisa was very helpful in assisting me with my financial situation. They provided outstanding customer service and showed great maturity in understanding about my financial emergency.

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Customer service was excellent and timeliness of loan was great. Their loan experts was a great help. Would recommend them to anyone.

Hemant Malhotra

Had an awesome experience from the day I applied for my home loan. Their representative was very co-operative and handled my queries very efficiently.


Personal loans, Clydesdale Bank, text loans.#Text #loans


FIXED RATE PERSONAL LOANS

Our best ever personal loan rate

2.9% APR representative on loans from £7,500 to £25,000

UK residents only. Subject to status & eligibility. 18+. Rates depend on loan amount & individual circumstances. Rates are the same online, in branch and via telephone.

Personal loans

Let’s make your plans a reality

An extra financial boost can help you to extend your house, redecorate or pay for a family event. Paying these large amounts at one time can be difficult, but with a Clydesdale Bank personal loan you can pay back over a set period.

With a Clydesdale Bank fixed rate personal loan you can borrow anything from 1,000 to 35,000 and repay in monthly fixed payments over 1 to 5 years*. All loans subject to status and eligibility.

20.9% APR representative on loans from £1,000 – £2,999

23 monthly repayments of £50.48

and a final payment of £50.29

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

16.9% APR representative on loans from £3,000 – £4,999

35 monthly repayments of £105.06

and a final payment of £104.78

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

3.3% APR representative on loans from £5,000 – £7,499

35 monthly repayments of £145.97

and a final payment of £145.61

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

2.9% APR representative on loans from £7,500 – £15,000

47 monthly repayments of £275.92

and a final payment of £275.83

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

2.9% APR representative on loans from £15,001 – £25,000

47 monthly repayments of £441.47

and a final payment of £441.43

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 29.9%.

6.9% APR representative on loans from £25,001 – £35,000

59 monthly repayments of £589.68

and a final payment of £589.16

All loans subject to status. The rate offered may differ from the Representative APR shown. Maximum APR offered is 12.9%.

Features

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Early repayment options

You can repay your loan early, but note that a early repayment charge applies**

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Quick decision

A quick decision is available online 8am-10pm Monday to Friday, 8am-6pm on Saturday & 9am-6pm on Sunday and during branch and telephone opening hours.

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Funds direct to your account

Transferred once approved and completed paperwork received by us

Important details

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount. The rate offered may differ from the Representative APR shown.

* Loans may be granted over terms of 6 or 7 years if the loan amount is £7,500 or more and, if the purpose of the loan is to repay existing lending with us, the additional amount borrowed must be of greater value than the existing lending that is to be repaid.

** You can repay your loan in full and part at any time and we’ll reduce the total charge for credit payable under the agreement. When calculating this reduction we will charge up to an additional 58 days’ interest on the amount you repay. You will need to contact our customer services team to inform us of your intention each time you wish to make an additional payment. Our team will be able to provide you with options on how to make this payment.

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Loan Calculator

Use our loan calculator to calculate how much your monthly repayments could be on your chosen loan amount

To apply for a loan you must be aged 18 or over.


Payday Loans No Checking Account, Second chance Bad Credit OK, small loans without credit checks.#Small #loans #without #credit #checks


Second chance Bad Credit OK

Small loans without credit checks

Have you heard about guaranteed payday loans for people with no bank account? These are the latest from payday companies that are aiming to lure in as many borrowers as they can into trying out their services. Just when we thought that they couldn’t be more lenient when it comes to the requirements for applying for instant cash loans, they have come up with this.

It was much more difficult to take out these loans in the past. Payday companies used to require borrowers to issue checks dated on the pay date of the borrower that would cover the full amount of the borrowed money, as well as the interest for it. It was one way for the lender to be sure that they would get their money back.

The problem is that it limited the number of borrowers who can take advantage of cash loans. Most of those who are forced to consider taking out a short term loan are those people who are not in great financial condition. There is little chance that they would have a checking account, since banks are rather strict when it comes to opening that sort of bank account. That was one reason why a great number of potential borrowers have been left out in the cold.

No Checking Accounts

So what the payday lenders is that they cut down on the requirements needed to take out a loan from them. They did away with the need to issue checks. That allowed a great number of borrowers who do not have checking accounts to use this financial product. All that is needed now is a savings account.

One Hour Approval

The payday companies even went a step further than that. They have made the processing of the loan to be available online. Now all that is needed is for a borrower to go to their website and provide all of the needed information there. The processing time for the online application is a lot faster. Normally it is just same day process. It is even possible to get an approval after just 1 hour.

Considering that it is all done through the internet that means you can get your money after just sitting and typing in front of your computer. That is certainly a far cry from the way that other forms of loans are processed where you would have to wait for a couple of days to find out if your loan application has been approved or not.

Loans Without Checking Account

Payday companies have now taken a much bolder step with their latest move. Some of them are now offering loans to people without checking accounts. In exchange for that they might ask more detailed information about your work and income. They would also charge you higher fees.

Whether you have a checking account or not, you should be very careful when it comes to taking out these loans. You might be committing a major financial mistake if you do so. You need to look at other options first.

Small loans without credit checks

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Payday loans are legal in: Alabama (AL), Alaska (AK), California (CA), Colorado (CO), Delaware (DE), Florida (FL), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana, Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Mexico (NM), North Dakota, Oklahoma (OK), Oregon (OR), Rhode Island (RI), South Carolina (SC), South Dakota (ND), Tennessee (TN), Texas (TX), Utah (UT), Virginia (VA), Washington (WA), Wisconsin (WI), Wyoming (WY).

Payday loans are illegal in the following states: Arizona (AZ), Arkansas (AR), Connecticut (CT), Georgia (GA), Maine (ME), Maryland (MD), Massachusetts (MA), New Jersey (NJ) New York (NY), North Carolina (NC), Pennsylvania (PA), Vermont (VT), West Virginia (WV), the District of Columbia (DC).

Amounts: $100, $200, $300, $400, $500, $600, $700, $800, $900, $1000

NOTICE: PLEASE BORROW RESPONSIBLY. A SHORT TERM LOAN SHOULD BE USED FOR SHORT-TERM FINANCIAL NEEDS ONLY, NOT AS A LONG-TERM FINANCIAL SOLUTION. CUSTOMERS WITH CREDIT DIFFICULTIES SHOULD SEEK CREDIT COUNSELING OR MEET WITH A NONPROFIT FINANCIAL COUNSELING SERVICE IN THEIR COMMUNITY.

Example: You borrow $100 for two weeks. Lender can charge you a $15 fee, which means you will have to repay $115 to the lender at the end of the term. The cost of the $100 loan is a $15 finance charge, which anounts to an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-Payment:

Some lenders in our network may automatically roll over your existing loan for another two weeks if you don’t pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. None payment of a payday loan might negatively effect your credit history.

A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower’s expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our Rates and Fees page to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.

This website does not constitute an offer or solicitation to lend. We are not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this web site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Our provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. We are aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. We do not endorse any particular service provider, lender, nor loan product. You are under no obligation to use Our service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use our service. Learn more on our Rates and Fees section.

Residents of some states may not be eligible for a short term cash loan based upon lender requirements. We do not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.


About Us, Quicken Loans, text loans.#Text #loans


Obsessed with Finding a Better Way

For Our Clients, for Our Communities, and for Our Team Members

A Better Way for Our Clients

We believe simplicity makes things better for everyone. Naturally, we thought the mortgage process could use some help in that department.

Get the Mortgage That’s Right for You

We make sure you have the details you need to get the right solution based on your needs.

Know Your Loan’s Status 24/7

We give you online tools to keep track of what we need from you, what we’re working on and what’s already done.

Save Time

We offer a fast, online application process, let you set your own time and place for closing, and give you the ability to manage your mortgage from your phone.

Wondering how we make things so simple?

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Like what you see? Let’s get started.

A Better Way for Our Community

We’re dedicated to improving the places where we live, work and play.

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Donating Time and Dollars

We’re working to build a safer and more stable community to lift people up and open doors to new opportunities.

In 2016, we donated more than $16 million to charitable organizations, and our team members contributed 100,000 volunteer hours.

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Investing in Our Hometown

Through leadership and partnership, we believe we can build residential and business communities that will strengthen our headquarters in Detroit.

In 2011, we moved our entire Michigan workforce to downtown Detroit, paving the way for a new wave of economic growth in the city. Today, more than 15,000 Quicken Loans team members are stationed at our Detroit headquarters.

A Better Way for Our Team Members

Finding a better way starts with you.

We challenge the status quo. We find a better way. We’re driven to make everything we touch radically simple. If our mission speaks to you, then we want you to join our team.

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Stay on Top of Your Credit

QLCredit gives you visibility into your complete credit report and score.

Quicken Loans received the highest numerical score in the proprietary J.D. Power 2010 – 2016 Primary Mortgage Origination studies and the 2014 – 2017 Primary Mortgage Servicer studies. 2016 Origination (or Sales) based on 5,182 total responses and measures the opinions of customers who originated a new mortgage or refinanced within the past 12 months, surveyed in July – August 2016. 2017 Servicing based on 7,374 total responses and measures the opinions of homeowners on their mortgage servicing company, surveyed in March – April 2017. Your experiences may vary. Visit JDPower.com.

Manage Your Mortgage

  • Try Rocket Mortgage
  • Talk to an Expert
  • Call Us at (800) 251-9080
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Research Your Options

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Quicken Loans, 1050 Woodward Avenue, Detroit, MI 48226-1906.

©2000 – 2017 Quicken Loans Inc. All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license.

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How to Refinance a Commercial Loan: 7 Steps (with Pictures), refinance loan.#Refinance #loan


How to Refinance a Commercial Loan

Any business that has commercial loans should evaluate the terms of those loans on a regular basis. A regular review will ensure your present loan is allowing you to leverage all of your commercial assets and provide you with the best value on the money you have borrowed for your business. Business and economic conditions are always changing, as is the size and strength of your specific company. Refinance a commercial loan by evaluating your current loan, examining interest rates and loan terms that can be found elsewhere and deciding on the best loan for your commercial goals.

Steps Edit

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Auto Loans – Canada – s Largest Specialty Car Loan Company, best car loan.#Best #car #loan


Drive the Car You Want at a Payment You Can Afford

The ABC’s of Auto Loans

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Car Loan – New & Used Car loans in India November 2017, best car loan.#Best #car #loan


Car Loan

Features of Car loans:

Competitive and attractive rates of interests

A tax deduction may be applicable if the vehicle is to be used for business purposes

Almost everyone with a Permanent Income can apply for a car loan

Some banks offer up to 100% of car finance on ex-showroom price and generally upto 85% of car finance on ex-showroom price is available.

Very low processing fees and prepayment charges.

Check your Eligibility for a Car loan:

Kind of employment

Period of employment

Previous running EMI’s and CIBIL score

Car loan interest rates can be vary from user-to-user based on different parameters. Some of these factors are:

  1. Banks give lower interest rates to the employees who have salary accounts with the same bank.
  2. It gives lower interest rates to employees of top 5000 companies of India.
  3. Based on your income per month you might get some waivers or on the total loan amount you may get cheaper rates.

Banks giving Car loans in India:

HDFC Provides a Quick and Easy car loan with Easy Documents, EMI Options and Low Interest Rates… Read More

Lowest interest rate, Low processing fee, processed through speedy delivery channels with total transparency….Read More

Compare Interest Rates, EMI, Documents and Eligibility for ICICI Car loan. Apply online for car loan…..Read More

Compare and Choose Interest Rates, Documents, EMI, and Features of Axis Bank Car Loan…Read More

flexible schemes to suit your needs, hassle-free documentation and quick processing….Read More

Get Details on Eligibility, EMI, Interest Rates, Documents, Eligibility of BOI Car Loans…Read More

Market share of major banks in Car/Auto Loan category:

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special thanks to Robin. He did excellent job.

find always ready to resolve the queries even in extended work hours. without Robin i can\\\ t get this personal loan it has helped in my emergency situation he will be very calm and be patiently when ever i am calling him for this very good response from him. if any of my friends or colleague asked loan i will refer robin and also already refered his name and number.

thanks once again and thanks a lot robin and to deal4 loans and special thanks to robin.

I am happy and thanking you to inform you that i have received a personal loan from kotak mahindra bank with good rate of interest.

special thanks to neha. she did excellent job.

find always ready to resolve the queries even in extended work hours. Without neha I can\ t get this personal loan it has helped in my emergency situation she be calm and be patiently when ever I am calling her for this very good response from her. I am also working in bank but if any of my friends or colleague asked loan I will refer neha number only that much she has did for me

thanks once again to deal4 loans and special thanks to neha.

Special thanks to Neha. She did excellent job.

Find always ready to resolve the queries even in unofficial hours.

Thanks once again to deal4 loans and special thanks to Neha


Loan protection insurance, loan insurance.#Loan #insurance


What is loan protection insurance?

Loan insurance Loan insurance Loan insurance Loan insurance Loan insurance

You’ve just bought a home or car, taken out a personal loan or received a new credit card.

In the process, you’ve probably been offered credit insurance or loan protection products from your lender or had offers flooding your mailbox.

These products are touted as a way to protect your family’s finances by canceling or suspending your debt if you die, become disabled or lose your job. But they typically come with hefty costs and in reality aren’t the best way to protect your family’s future.

What is loan protection insurance?

It s insurance to pay your credit balances and loans if you are injured or die. According to the Federal Trade Commission (FTC), there are four main types:

  • Credit life insurance pays off all or some of your loan if you die.
  • Credit disability insurance makes loan payments if you can’t work because you’re ill or injured.
  • Involuntary unemployment insurance pays on your loan if you lose your job and it’s not your fault.
  • Credit property insurance offers protection if personal property that is used to secure a loan is destroyed in an accident, theft or natural disaster.

While these are typically lumped together, there are differences. Credit insurance products, such as mortgage protection insurance, are regulated by the state, while debt protection products, such as those for credit cards, fall under the jurisdiction of the Consumer Financial Protection Bureau.

While a lender may recommend or even pressure you to purchase credit protection, the FTC warns it’s illegal for a lender to include the insurance without your permission.

What does mortgage protection insurance cover?

When you take out a mortgage, you’re likely to receive offers of mortgage protection insurance. The offers may come from your lender or from independent insurance companies.

With mortgage protection insurance, if you die, the insurance is paid directly to the lender to pay off the loan. That differs from traditional life insurance, which makes payment to your beneficiary, and they can allocate the money as they see fit.

Mortgage protection insurance is different from private mortgage insurance (PMI), which you may be required to buy as a condition of your loan if you put less than 20 percent down on a house. PMI doesn t pay off the mortgage; it pays the lender if you fail to make your payments.

Some mortgage protection insurance benefits gradually decrease over time. Ostensibly that’s tied to the declining balance of your mortgage.

You also may see your premiums change over time. So you run the risk of premiums increasing and the payout decreasing.

You also may be offered mortgage disability insurance or mortgage unemployment insurance to cover your payments because of disability or job loss. The money will be paid directly to your lender. With traditional disability insurance, you receive compensation if you’re unable to work for a certain period of time.

You may be offered similar types of life, disability and unemployment coverage if you take out an auto loan, open credit cards, or take out a personal loan.

Gap: Extra insurance that’s worth the money

One type of extra insurance you might want to consider is gap insurance, which covers the difference between the actual cash value of your vehicle and the current outstanding balance on your loan if your car is totaled.

So if you owe $25,000 on your car and it’s only worth $20,000, gap insurance will make up the difference.

You may be offered the insurance by the dealership where you buy your car, by the bank or credit union where you finance your car, or through some auto insurance companies. Be sure to shop around for the best price, as it can vary widely. Insurers typically offer the lowest price.

A cheaper alternative to most loan protection insurance

If you’re worried about leaving your loved ones with debts to pay if you die, or if you worry about paying your bills if you’re disabled, you usually can find better alternatives than those offered by lenders.

Even the FTC cautions it may be cheaper to purchase life insurance than credit insurance.

A 2011 report by the U.S. Government Accountability Office found that in 2009, consumers paid about $2.4 billion for debt protection for credit cards. Annual costs of these products often exceeded 10 percent of the consumer’s average monthly balance, and they received 21 cents in benefits for every $1 spent on protection.

Consider a term life insurance policy instead, which covers you for a certain length of time, such as 20 or 30 years. If you die after 10 years, your beneficiaries would receive the face value of your policy when you die and not pay taxes on it. If you died after 35 years, they’d receive nothing.

Life insurance premiums are typically cheaper if you buy a policy when you’re younger.

If you’re older or in poor health, you might consider guaranteed or simplified-issue life insurance. Policies are generally offered for small amounts, such as $10,000 or $20,000.

If you worry about making your payments if you’re disabled, you can purchase short- and long-term disability insurance.

Questions to ask about loan protection offers

If you’re still interested in credit insurance and debt protection products, the FTC has a list of questions you should consider.

  • How much is the premium?
  • Will the premium be financed as part of the loan? If so, it will increase your loan amount and you’ll pay additional interest.
  • Can you pay monthly instead of financing the entire premium as part of your loan?
  • How much lower would your monthly loan payment be without credit insurance?
  • Will the insurance cover the full length of your loan and the full loan amount?
  • What are the limits and exclusions on payment of benefits, or what exactly is covered and not covered?
  • Is there a waiting period before coverage becomes effective?
  • If you have a co-borrower, what coverage does he or she have and at what cost?
  • Can you cancel the insurance? If so, what kind of refund is available?

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3 Ways to Reduce Finance Charges on a Car Loan, best car loan.#Best #car #loan


How to Reduce Finance Charges on a Car Loan

Finance charges applied to a car loan are the actual charges for the cost of borrowing the money needed to purchase your car. The finance charge that is associated with your car loan is directly contingent upon three variables: loan amount, interest rate, and loan term. Modifying any or all of these variables will change the amount of finance charges you will pay for the loan. [1] There are a number of ways to reduce finance charges on a loan, and the method you choose will be contingent upon whether you already have a loan or are taking out a new loan. Knowing your options can help you save money and pay off your vehicle faster.

Steps Edit

Method One of Three:

Reducing Finance Charges for a New Loan Edit

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Method Two of Three:

Refinancing an Existing Loan Edit

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Method Three of Three:

Pre-paying an Existing Loan Edit

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