Online safety and UK loans: here’s how to keep yourself safe
September 17, 2016
One of the greatest risks to the person attempting to borrow money through an online facility, is the sharing of personal information that, if hacked and collected by a criminal entity, can be used to commit many different types of crimes, such as fraud and theft.
So, particularly where the loans market in the United Kingdom (UK) is concerned, the protection of the consumer’s information is of paramount importance.
It has become so much more convenient to do many forms of financial transactions online these days, from shopping, to paying bills, and to applying for loans. All of these transactions require the sharing of a large amount of personal information.
We share our identification records, credit card details, home address, work details, income information, in fact, just about every piece of personal information a person who has a criminal mind and some technical know-how, would be able to use to their advantage.
So, for the UK loans market, the safety of its online consumers is at the highest levels of concern.
Any reputable loans facility site should offer the potential customer information on online safety, and their systems should allow for the maximum levels of protection of any personal information shared in the loan application process.
Phishing has become immensely prevalent. This is the sending out of emails to people under the guise of being from a legitimate financial institution, and then directing the person to their own site, in the hope of collecting personal information that can then be used to hack bank accounts and steal money, or transact as that person online, making purchases using their credit cards and the like, or apply for loans as if they are that person.
There are apparently over 150 million phishing emails sent out every day, so it stands to reason that even if the smallest percentage of people are caught by these emails, a vast amount of money is being stolen from people who have not been vigilant enough, or who have not been protected enough by their financial institutions.
The basic safety principles in applying for a loan online are:
- Never reply to an email requesting confirmation of your bank details;
- Never give out information regarding your log-in details or passwords through an email or over the phone to anyone who claims to represent an online loan company;
- Don’t click on any links or attachments in emails that appear to have come from an online loan provider;
- Avoid Wi-Fi hotspots in public places for transacting online, or opening sites that require personal banking or financial information;
- Ensure that your personal computer has software designed to protect your personal information, especially online transactions and password protection, and active firewall protection;
- Ensure that your social media pages don’t have links to your direct email address;
- Ensure that the URL of the site you visit begins with “https.”, that there is a closed lock icon near the address bar, and check the site’s security certificate as well.
Consumers needs to take as much precaution and responsibility for their online safety in transactions as they expect the online sites to do for them.
Types of Loans You Might Be Able To Get Even With Bad Credit
April 9, 2016
Financial help for any person is the biggest help for him/her as he/she can easily make a stand in the society with a growing business, making your own house or any hard reason for which you need financial help. Banks help you in giving the financial support through loans which you can take at the time of need, and you can easily get it by keeping any of your valuable things to the bank as they are kept as a guarantee to the bank and you get that for some period of time with interest. Bank investigates the person personal identity with full proof documents so that no fake person can borrow money from them.
Modern form of loaning system;
There are many loan companies that are attached with the bank policies and help you in getting the loans at the best interest rates. Logbook loan is one of the loans which are mostly given by the loan providers as it is the modern form of loan system as you can easily get a loan against the vehicle you own and for that particular time period that vehicle will be under the loan provider premises. After the loan approved and you get the loan money from that day the owner of your vehicle will be loan provider for certain period of time. Logbook loans work in the ways like;
- It work in very easy and simple way as you should be eligible for the loan options they provided as you should be of 18 years with the evidence of car ownership and citizenship.
- Your car will be kept as a security and you will get the 50% loan against the car value as half of kept it as a security and you will not get the loan on the car that is 10 years olds as it is not eligible according to the rules.
- Loan lender will have to ensure with some of the things like good vehicle condition, verify with the bill of sale, signing a contract for monthly payment and if in case you are failed to pay the loan then loan provider have full right to own your vehicle and resale it.
Logbook loan features;
Loan provider will become the owner of the vehicle technically for the period of time but still it remains with you, you can use it in the meantime. Logbook loan is secure and there many advantages of using this loan in comparison to the bank loan as it is approved quickly and is easily available at low interest rate and also they don’t ask any of your credit history. Loan is provided according to the value of your vehicle and your logbook of car will be handover by loan provider till the time period you don’t pay back for the loan. Nowadays this kind of loan is mostly spread in UK under: Log Loan UK as it is rapidly approved with low interest rate and benefit you in taking it with a bad credit history and you can easily recover from the things and can complete with the aim for the purpose of taking loan. Applying for a loan is very easy as you just have to be ready with some of the documents like a copy of certificate MOT, income evidence, and identity of national photo, current residence evidence and the original logbook of the vehicle. Loan amount installments depends on the time period for the loan you have taken if the loan is for the smaller time period then the interest rate will be high and vice versa and helps you well in your financial problems.
Take loans at your convenience with short term offers at display!
January 13, 2016
Taking a loan within the purview of the given economic condition is not quite a safe deal. Hence, it is important for both the person who is taking the loan and the person who is giving it to be very careful with respect to the financial issues that are associated with it.
In this case, it is quite difficult to get a proper short term loan that might be needed for meeting up of immediate emergencies. In such cases, one can surely keep a check on 12 months loan in UK for getting the best facility.
The short time frame within which the loan is demanded, the lack of security or a lump sum collateral and the overall payment of the money, clearly makes it one of the most wanted options in short term loans.
What is the speciality of a short term loan?
This is generally a small amount of money that is wanted for a very short period and on an emergency notice. The amount needs to be paid back within a specified time period and that too with a comparatively high rate of interest.
Thus, one can be sure that such loans are best required for extreme emergency purposes such as debt clearing, bankruptcy issues and down payment of house. In all these cases, one aspect is common that they require loans without a solid collateral.
Criterion for loan application:
This is the most important aspect, wherein a person needs to know exactly how to apply for this loan and the various ways in which this can be done.
- A person needs to be an adult to apply for this loan.
- The collateral that is required is not of very high amount, given that the loans are taken at an emergency basis.
- The person should have a source of income that is enough to pay back the loan amount.
- The person should also have a working bank account.
Thus, with these mere criteria be fulfilled, the person can definitely apply for such short term loans and 12 months loan in UK happens to be a perfect source to go for it.
Whenever one is taking a loan, it has to be checked that the person should be very well aware of the whole issue regarding the paying back of the loan.
The speciality of 12loans.co.uk happens to be that it does not provide any type of pressure on the concerned party regarding the loan recovery; hence a person can make complete use of it.
Steps you need to Know in Binary Options
October 24, 2015
Binary Trading is a great and easy way to make money. Through this, anyone can be able to make profit with regards to the movement of a particular asset. This kind of financial trading has become so popular across the world since one only has to make a possible bet of yes or no which is really easy especially when you know the techniques and do not just simply guess what the movement will be. What is also great about this kind of financial trade is that you do not need to actually purchase a certain asset; you just need to know whether the price of this asset will rise or fall at a given time period. Another thing why binary options is a great thing is that it does not need to you to buy and do many complicated trading qualifications because it is really easy to use, especially for beginners, just as long as you get enlightened about the proper way on how to do the binary trading. For more information, you can visit http://www.tradingbinary.co.uk/.
First step you need to do is to know what kind of asset, stock, or commodity, would you like to place your trades. If you have already decided on that, you need to put or call. To put means to you think that the certain asset will decrease in value, and to call means you think that it will increase in value. Then, the next step would be choosing the broker. You need to read reviews about legitimate brokers especially when you are a first- time trader. These brokers should be licensed as well. After that, you need to choose the expiry date for your trades. You can place trades for as short as a minute and as long as a month. You also need to see the potential gains from your investment’s which is why comparing Binary Options brokers is a must. Check out the website tradinbinary.co.uk to know more about these tradings. You should also read about financial news stories so you will know what could be the potential movement of financial prices so that there is a high probability that you will be right on your binary options trade.
Another step would be to be able to access your trading through mobile devices, so you can be able to place trades anytime and anywhere you want. When signing up accounts with different brokers, you should know that there are bonuses that are high valued so you can use these funds to cover a trade. Once you are able to know and understand how binary options trading works, you will then discover lots of strategies to let you get a higher probability when trading. One example of this would be the roll forward feature which lets you extend the expiry time of your live trade and it will only be available at this trading. To learn more about binary options and steps to trading, visit the website stated for more important details.
Guarantor loan repayment
September 21, 2015
As you may already know, a guarantor loan is a type of loan which requires a guarantor who can repay the debt if you are unable to. This type of loan is good for those who have no credit record or history because it helps one to build it. It will reflect positively on your credit history once you repay it fully. The term of this type of loans can range between one year and any number of years. Also, the guarantor who signs on the papers will have to agree to provide his or her bank statement and valid ID proofs will be required of them.
If you are able to clear off your debts on time and pay the interests, then you might also be able to lift off the guarantee at any point during the term. Although this process involves certain steps and conditions which differ from lender to lender.
What you must watch out for
First things first, you must have a good relationship with your guarantor. Also, explain to them all the risks that are involved with the process. It is a good idea to be very clear from the initial point because they are liable for all your debt in case you are not able to repay your loan. Also, they will have to mortgage their home – which is a step your close ones will take. So you have to be very clear with them.
This is why it is highly important that you understand the conditions and the terms and policies yourself. The thing is, the lenders’ terms and conditions and loan interests are often very hard to calculate. This is why you need an online debt calculator, which will give you the right idea about the amount which it could go up to. This way you will be able to gauge and even plan your debt share beforehand with the guarantor. You can also give your guarantor an estimate of how much they will be spending with this method.
There are many debt calculator sites online. You can start off with guarantor lender where you can calculate the loan repayment amount easily.
Borrowing with bad credit record
The guarantor loans are specifically aimed at those who have a bad credit record and are being denied loans from the formal institutions. This is why these lenders also allow you to earn higher sums than you would from the normal payday companies.
All you need to get this loan is a support from a close friend. However, even though they offer you lower interest rates, their standard APRs are still higher than the regular payday loans – with the average APR of this loan starting at around 50%.
Making a fresh credit score
Yes, you can build up that credit score up with a guarantor loan. You can do this by meeting all the standard procedures on time with regards to the guarantor loans. For this you need to borrow in a sustainable manner and be very organized about the loan repayment.
Application for Loans
September 21, 2015
Since there are different types of loans, there are also different ways of applying your loans. First, make sure that you know what kind of loan you’re applying and hoping for. Make sure you explore and study what alternatives are available for you. Do you want a secured loan or unsecured loan? Know what are the advantages and disadvantages of your chosen loan or what could benefit you more. You must take into account things like how much would interest rates would be incurred, documents and requirements, processing fees and other related facts.
Review your current financial situation. Know if you have the means and potential to be able to secure payments of the amount you’re eying to loan. Can you guarantee yourself that you can’t overlook any payments monthly? Do you have other financial obligations as of now? Evaluate on how you pay off the loans and debts and also meet the required payment time in order to avoid any excess charges. Decide and settle on how many years it would take for you to pay off your loans.
Once you’re settled the amount you would a lot to your loans, it’s time to file your loan. Try to look and compare personal loans online. It would benefit you if you know a lender that is suitable for you. It is best to find the one who offers you with a lesser interest rate and lower fees. Also be wary of different forms of scam that would promise you high loan amount with very little interest. When it’s too good to be true, it wouldn’t hurt if you try to be cautious a little. Since scam artist know that you’re in need of money, they would try to lure you in different schemes that can end you up owing more of what you actually borrowed. Investigate and try to ask professional help in deciding where you directly get your loan. Don’t just jump and grab whatever loan plans that are available.
If you have found a lender, you can talk and discuss with them the terms and conditions regarding your loan. They would explain to you what essential documents you need to process your formal request. You may try to visit the website of your lender in which you can get or download application forms or try to visit some branches nearest you. Arrange and fill out any documents and records that are necessary. Some of the required in formations are personal details such as your name, age, address, job, contact numbers and other information. You may also need a photo copy of your ID for reference and to verify the details you’ve written in the data sheet.
Read the contract and agreement before agreeing with anything stated on the paper. Check the documents twice for any errors, spelling and always ask them if you have any question. Keep in mind that it’s a long lasting a deal which you have to be cautious. If you’re in need of help for loan accounts, you may visit this page: http://www.logbookcalculator.com/