Your Car Financing Options

Financing your new car is pretty easy because there’s so many options available! Find out more below.

When you need a new car, you need a car… Because, life doesn’t stop for you when your car stops working. You need a replacement fast, and sometimes, your bank account doesn’t have the funds required to buy yourself a new car. Luckily, there are so many car financing options open to you – no matter your credit rating! Yes, from bad credit loans to leasing, where there’s a will, there’s a way. You may not know them all, but you’re in the exact place you need to be to find out more.

In this post, we’ll be taking your through all your car financing options, so you can find the deal that’s right for you. We’ll be weighing up the positives and negatives of each, so you’ll have unbiased and informed approach to securing your next car. These are your car financing options.

Car Financing Options

  1. Take out a Loan

One of the easiest ways to finance your new car, taking out a loan to pay! Finding yourself a good deal on a loan isn’t easy, but when you do it’s a great way of owning your car out right. Most banks or lenders may allow you to borrow the money to finance your new car, and the car will be in your name and will be yours. However, finding yourself a loan if your credit score isn’t great is never easy.

You’ll find that the best loan rates are only open to those with good credit scores, and your borrowing options may be limited if your credit is poor. Whilst it’s not good having bad credit, there are options open to you. Guarantor loans are a form of lending, designed for those with bad credit. Because a guarantor loan doesn’t require your credit score to guarantee the loan, it needs someone to act as your guarantor. They agree to support your application and cover the repayments of the loan should the borrower be unable to. The catch is that they are considerably pricier than other forms of lending. Whilst some loans can be around the 6-18% mark (roughly and dependent on the lender), guarantor loans range between 39.9% – 69.9%. Whilst this is costly, it’s one of the few options open to those with bad credit.

On the plus side, taking out a guarantor loan can help rebuild your credit, so you can have access to the good credit lending options in the future. Also, there’s nothing to pay upfront or any charges for the loan. Owning your car outright means that you’ll be responsible for MOTs and any repairs required. So, if you have a steady income and want to own your own vehicle, taking out a loan may be right for you.

  1. Hire Purchase

Another financing option is to undertake a Hire Purchase contract. You’ll have to put down a deposit before this starts for you. Hire purchase means that you effectively hire the car, until you pay it off – you’re hiring to purchase (clue is in the name). Through monthly payments, you pay a set fee each month until you eventually purchase the car. However, you don’t actually own the car until you’ve made the final payment. It’s technically the car of the hire purchase company, which means should you stop making repayments they can reclaim the vehicle from you.

It’s ideal for those that don’t want to buy a car outright but do want to eventually own a vehicle. Repayments are more manageable too, as you can choose a car with a price that fits your budget. However, interest rates can vary dependent on your credit score. If your credit is bad you may end up paying more interest back on the car. It’s not ideal, especially because if you can’t meet repayments your car will be reclaimed. This makes buying a car outright an easier option, as your guarantor (if you use a guarantor loan) secures your repayments, should you be unable to. Which means, no one will take your car away.

  1. Leasing

An increasingly popular car financing option in the UK is leasing. It works in a similar way to hire purchase but offers a bit more choice. Through a dealership or third-party lender, you pay monthly payments on your car for an agreed loan term. Some range anywhere from 1 year to 4, and it’s dependent on the leasing provider. Throughout the term, you’ll be paying towards ownership of the car, however, unlike hire purchase, you’re given an option at the end. You can either return the car to the leasing company or pay the remaining amount and own the car yourself. Again, the price is dependent on the car you want, and interest rates vary from lender to lender. It’s a great way of having a car, without owning it, and then choosing if you want to buy it in the end.

However, unlike bad credit loans, there is a deposit and initial fee you must pay before you can start leasing – which can sometimes be a few months payment upfront (but again, this is dependent on the lender). Leasing is an ideal option for those unsure about whether owning a car is best for them. They do rely on credit scores however, so you may not be able to lease a car if your credit is poor. For bad credit holders, seeking financial products and services (like leasing or hire purchase), you may find it increasingly difficult to land the best interest rates. Car financing is dependent on your credit and what the best option is for you.

Like we’ve said, there’s loads of options open to those looking for car finance – it’s all about finding the method that works for you. Whether you want to own your car or simply lease it, there’s options for both good and bad credit holders. There are even more car financing options out there, we’ve only covered a few on our list, but it’s important to shop around and find the right one for you.

 

Buying Blank Check Paper: Should You Print Your Own Check

Ordering pre-printed checks online offers a convenient way of replenishing paper check stocks. However, did you know that you can order blank check paper online and print them at home or office? Considering you have a basic setup of a computer, laser printer, and MICR toner, you can buy blank checks and print them as you need them.

Is it smart to print checks yourself? Well, there is no mandate that checks need to come pre-printed from the bank or an online check printer. In fact, a lot of businesses invest in check printing software. They keep a stock of blank check paper and print the check as and when they need them.

4 Reasons to Buy Blank Check Paper Online

More Cost Effective: This may come as no surprise to you but blank paper checks are significantly cheaper than pre-printed business checks. For personal users who don’t usually write paper checks, switching to blank paper checks is an unnecessary hassle. However, businesses that need to send out hundreds of checks via mail every month, can potentially save a lot of money by printing on blank check paper rather than ordering pre-printed checks.

Keeps Your Banking Data Secure: When you buy pre-printed business checks you trust the online check printer to keep your data secure. During the shipment process, the business check is vulnerable to theft or misplacement. This means every mail containing checks, before they are delivered to businesses, can potentially be breached. This leaves vital information such as routing number, account number, and other banking info susceptible to criminals. However, blanks checks do not contain any banking information whatsoever. This means even if a shipment of blank checks gets lost or stolen, the critical banking data remain secure.

It Takes Little to No Extra Effort to Print on Them: Even though pre-printed checks have banking info and other details printed, they are still not ready to be issued. Businesses need to fill details such as amount, payee name, and signature. Businesses that issue a significant number of checks use check printing software packages to print these details on pre-printed checks. Considering these software programs can be used to print on blank checks, it demands little or no extra effort. These programs can be used to store the banking information to quickly print on blank checks. They automatically print the repetitive banking details without you having to enter them every single time. This means all you need to do is enter payee details and amount, just like you would to print on pre-printed checks.

Advantage When you Have Multiple Checking Accounts: Large to medium-sized businesses often have multiple checking accounts. This means businesses need to predict the usage of checks from each of those accounts before ordering pre-printed checks. When ordering blank checks, there is no need to do that. Accountants can simply print the banking information of the account from which the check needs to be issued as per requirement.

 

5 Benefits to Owning Custom Furnace Filters for Your Home

Homeowners are constantly looking for custom furnace filters as a way of improving the air quality in their home. This is because most of the ready-made filters do not meet their needs at time. The quality of air in your home will depend on the quality of filter that the furnace has.  Here are some of the benefits of having custom furnace filters in your home

  1.    Flexibility

Different homes have different air filter system, and when looking for the best furnace filters then you can have the custom filters specifically made to meet your needs. You can have a wide range of custom furnace filter sizes. Most of the time you cannot find the right filter that’s why ordering a custom-made is the most logical alternative as it can fit the furnace that you have. The most important thing is to get the measurement right. Choosing a custom furnace filter allows the homeowner to determine the quality of air they want in their homes. The homeowner also gets the flexibility of choosing how much they want to spend of a given filter according to their budget.

  1. Optimum MERV Rating

The MERV is a way of rating the efficiency of a filter, having a custom made filter in your home means that you can be able to specify the MERV rating that you want.  An optimum MERV rating means that your custom filter is able to remove dirt particles from the air more effectively. The MERV rating starts from 1-16 and in the custom-made filter you need to have a rating of 9-12. This is the optimum rating as higher rating tends to overwork the furnace and may lead to malfunction.

  1. Custom features

Having a custom made furnace filter means that you can request to have additional custom features put in. Most people who request custom-made filter request to have additional features which do not come with the regular filters. One of the key features is an activated carbon component. This component helps in the absorption of chemicals, fumes, and bad odors increasing the quality of air in your home.

  1. Durability

The next benefit of having a custom-made filter is that they last for long; this is because you would not have to change them from time to time. Typically a furnace filter will need to be replaced after every three months. However, a custom filter which is permanent will last much longer as you do not need to keep replacing them.

  1. Low Maintenance cost

Many homeowners have the misconception that ordering custom made furnace filter is expensive. While this may be true in some way but in the long, the custom-made a filter which are permanent have low maintenance cost. The reason for this is that they are calibrated according to the cooling system in your home. This means that they are able to function optimally and thus reduce the need for frequent repair as the system is not overworked.

How To Create A Budget You Can Stick To

While we all know how important a good budget can be, it’s often incredibly difficult to adjust our spending habits. After all, most of us don’t have a lot of money left over after we’ve finished paying our monthly bills, and the cash that we do have we’re often driven to spend on impulsive purchases and everyday desires.

If you want to build a reliable budget, either to improve your financial situation or simply because you want to save up for something like a family vacation, the following tips could help you to create a more realistic spending schedule.

  1. Understand how you spend your money

When you’re trying to make a positive change to your spending habits, one of the first things you’ll need to do is understand how you spend your money. It’s easy to overspend when you never look at your bank statements. However, when you put all of your receipts on the table in front of you, it’s much more difficult to hide from things like the amount of cash you spend on a gym membership you don’t use, or daily coffees from your favorite café.

  1. Know where you can cut down

Living by a budget doesn’t necessarily mean having to give up everything you enjoy. Sometimes, it simply means being realistic with what you spend. For instance, if you’re constantly paying money for a cable package with your telephone provider, but you always watch Netflix anyway, then it makes sense to get rid of that package and use the money elsewhere.

  1. Don’t be too restrictive

While it’s important to be careful with your money when you’re living by a budget, that doesn’t mean that you have to restrict yourself to scraping by on pennies. The more money you can save the better but remember to give yourself some room to breathe. Ideally, you should put a portion of your budget away for having a little fun from time to time. For instance, if you like to play the lottery, make sure that you still have the cash to do that each week. This number generator for winning lotto numbers is a great way to boost your chance of having a successful ticket.

  1. Do your homework

When you are out shopping, it pays to make sure that you’re not spending more than you need to. Take the time to do some comparison shopping online before you commit to paying the first price you see. It’s also worth looking for coupons and discount codes to see if you can save any extra before you spend.

  1. Don’t do it alone

Finally, no-one ever said that budgeting was easy, so make sure that you don’t try to make this big change all by yourself. The best thing you can do to improve your chances of success is to work with someone like a friend, or your romantic partner to make budgeting easier. Having someone to hold yourself accountable to can mean that you’re less likely to fall off the wagon.

Budgeting is never going to be a simple process. It requires focus and compromise. However, if you follow the five tips above you should be able to establish a strategy that works for both you and your family.

The Best Ways to Save Money Travelling

Travelling can be one of the most fun and rewarding experiences of our whole lives. It can also be expensive. If you want to save money whilst still seeing the world in style, then look no further.

Plan ahead

If you want to save money travelling, planning ahead is key. Booking your flights, hotels and car rentals before you arrive can save you a great deal of cash.

Often, for example, the published prices in a hotel reception are much more expensive than the ones people get by booking ahead online.

Plus, this way, you will not be stuck without somewhere to sleep if the local hotels are all full when you arrive.

Research, research and more research

With the world wide web at our fingertips, there is no excuse for paying top price for your travels.

Many flight and hotel comparison sites offer you the ability to find the best value deals with very little effort.

If you have time before booking, it is worth checking on a hotel’s own website page to see if they have any deals that could save you money.

You can also check where it is cheap to eat in the area you are visiting before you set off. That way, you won’t waste your evenings wandering around streets looking for a restaurant that suits your budget.

Even if you are happy to spend more, it is worth checking out customer reviews online, to ensure you know which restaurants to steer clear from when you arrive and don’t waste money on food that isn’t up to scratch.

A little time and effort now could save you lots of money when you’re away from home.

Consider self-catering

This often works out cheaper if there is a big group of you travelling.

Not only can staying in a villa or a gîte cost much less than a few rooms at the local hotel, but you will be able to save money by cooking your own food some days.

If you are on your own, there are websites where you can book to stay in someone else’s house. This is also a great way to really experience life as a local, rather than as a tourist staying in a hotel.

Free accommodation

This may sound crazy but if you are willing to do some work for your bed and board, you could find that you can see the world on a tiny budget.

Not for everyone but certainly a way to make big savings when you’re travelling.

Travel out of season

If at all possible, travel off peak. There are big savings to be had by not going on holiday when everyone else wants to.

Lower demand means lower prices.

Have money set aside for emergencies

You may be imagining a week or two of sun, sea and sightseeing but if something goes wrong, you will need to be prepared. It is always a good idea to have travel insurance to cover your trip but it is also equally important to set aside an emergency pot of cash that you can dip into if you need it. Find more tips on how to deal with cash emergencies at home and away here.

No need to spend a fortune to go travelling

Saving money when travelling is simple. With a little research and forward planning, plus flexibility on when you go and where you stay when you arrive, travelling need not be expensive.

Proven Tips to Choose the Best Personal Loans in the Market

The idea of choosing the best lender for your personal loan is often encountered with a string of dilemmas – which lender to opt for? What is advantage of choosing one lender over another? What are the various tenure options and rates available? Are rates offered by lenders claiming to offer the best rates in the market binding?

It isn’t unusual to get locked in a web of …. Questions. These are queries every borrower will invariably have.

These awesome tips will help you choose the best personal loan (with the best interest rates of course) from several available options.

Here are some effective and proven tips to pick the right personal loan and the best interest rates.

Choosing the right lender

Let’s begin by tackling the first stage of the conundrum. It is quite a known fact that there are a multitude of personal loan lenders in the market, each of course claiming to have the best personal loan offers in the market.

Lenders these days can be classified into two main categories – Traditional and New-age. In the “traditional” category you’ll find lenders among the likes of top private banks and financial institutions offering various forms of secured and unsecured credit. In the new-age category (which of course is the more sought after option in present times) are lenders that go by the name of Fintechs. Fintech lenders associate themselves with more advantageous features – we’ll discuss them in detail at a later stage.

The most affordable interest rates in the market

As we’ve already mentioned, different lenders offer loans at different rates. The idea is, of course, to go with a lender offering you the best rate in the market. But on closer observation, you’d realise a very interesting aspect.

The interest rate on your loan application will depend on your credit score and credit history (past repayment history). So technically, even if you choose al lender that claims to offer the best personal loan interest rates in the market, the rate offered by the lender will depend on your credit score. This again raises the issue of how to pick the right lender and the most affordable personal loan for your requirements. There is a solution of course, read on.

Paperless loan applications

If you aren’t aware already, personal loans have more or less taken the paperless route, and not many lenders have been left behind in the journey. Paperless loan applications are more preferred, as they don’t particularly involve physical paperwork. While banks are slowly moving to paperless loan applications, Fintechs have raced past ahead. Fintechs allow you to complete the entire application, from start to end, online. So, in your quest to choose the ideal lender offering the best rate in the market, this is one factor that you might want to consider, as rates will invariably depend on your credit profile.

Turnaround times

Now here is where the most important part of picking the right lender surfaces – the turnaround time for your loan application. More so, this is exactly where the difference lies among traditional lenders and new-age Fintech lenders. While traditional lenders take a minimum of 7 days to process and disburse your loan, Fintech lenders take just about 48 hours. So if you’re in the midst of an emergency, you know who to go to.

Qbera – a Fintech company that lets you put your research (for the best lenders), to rest

We’ve just talked about the various parameters that you must consider while picking the right lender for your personal loan. Let’s look at what Qbera has to offer:

A paperless application

Paperless applications take lesser time to be processed and don’t involve usage of paper (of course, the term rightly suggests so). Going by this, you don’t have to waste time and energy on submitting large chunks of physical documents to process your application.

A low credit score isn’t a deterrent

If your credit score has taken a hit due to late payments or other issues that bring down credit scores (Credit Utilization Ratio, Debt to monthly income ration, multiple debt sources), it isn’t really a deterrent when you apply for a loan with Qbera. Applicants with a minimum credit score of 600 are eligible for personal loans with Qbera. And yes, these applicants can qualify for the best personal loan offers in the market as well, through Qbera of course.

A low income won’t affect your chances either

Most traditional lenders have a high-income eligibility criteria for loans that they offer. With Qbera, you can get a personal loan even with an income as low as Rs. 20,000 per month.

Living in a shared accommodation? Definitely not a dampener

With Qbera, you can get access to personal finance even if you’re residing in a shared accommodation. On the contrary, traditional lenders do not consider applications of individuals living in shared accommodations.

We hope these very pertinent and important points will provide you with valuable inputs in your quest of narrowing down on the ideal lender in the market.

Bounce Basics: How to Deal with a Bad Check?

If you are a business owner, chances are you need to accept check payments from customers and clients. Now, when you process a significant number of checks in a month, there will be a few that get returned by the bank. While it is frustrating trying to deal with a bad check, there is no need to raise an alarm. Dealing with bounced checks is very much a part and parcel of business operations. If you follow the right steps and keep calm you will resolve the problem.

Apart from insufficient funds, checks can be returned by a bank due to a host of other reasons. Banks may a return check following a signature mismatch or if the check paper doesn’t match their security requirements. This is why, if you plan to order checks online for business, it’s recommended to buy it from a reputed firm. Following are 6 simple steps you need to follow to deal with a bounced check.

Contact the Customer: Just because the check got returned doesn’t mean the person who wrote the check did it intentionally. If you are dealing with an ethical person, he or she would probably take the effort to pay you in cash or transfer the fund electronically. In most case, the person requests the recipient to redeposit the check at a certain date.

Try and Deposit the Check Again: If the person is unresponsive, then it’s best to wait for a few days and then redeposit the check. Sometimes checks get cleared on the second try because it gives the check writers enough time to sufficiently fund their accounts.

Call up the Bank: If you fail on the second attempt, there is no point in keeping on going back to the bank. Now, you need to prepare yourself for taking legal action. Before you send a certified letter, give it one last try by contacting the bank. Tell them that you hold a check for a certain amount and request them to verify if the account is sufficiently funded. If the account has enough money, make your way to the bank and cash the check.

Send a Letter: Now, that all attempts of cashing the check have failed, it’s time to follow the legal course of action. Send the recipient a certified letter to legally inform him that the check has been returned by the bank and you are still awaiting to receive your due. There is no need to be creative, there are plenty of online letter templates for returned checks you can print them out and add your details.

Prepare to Press Charges: You can either contact the local district attorney’s office or hire a legal firm. Sending a letter notifying the bounced check is a prerequisite before you take this step. This is why ensure you send the person who wrote the check a certified letter first.

Sue in Court: Follow the legal procedure to file a suit. Returned check cases are usually pretty straight forward and you should be able to recover the amount due plus damages.