Why does a good credit score matter?

credit cards

Credit Cards

Like your family, you can’t choose your credit score. However, that’s where the comparisons with mum and dad end, as there’s plenty you can do to improve, maintain and find out more about your score – meaning you’re more likely to be accepted for credit cards, loans, mortgages and more.

No matter what you do, you’re tied inseparably to your credit score – it follows you round and dictates what you can and can’t have, whether you’re applying for credit, taking out a mobile phone contract or even renting a home. For many lenders, it’s the bottom line when it comes to making a decision about whether to accept your application.

Finding out your score
Due to the current economic climate, chances are you’ve seen plenty of adverts from firms offering to let you know your credit score. If there’s a free trial on offer, it’s worth considering taking it up, especially if you’ve got little or no idea what your score is at present. Of course, it’s up to you whether you want to continue with a paid subscription once the trial has run out.

Improving your score
While knowledge is power, being aware of your score is only half the battle. If it’s proved to be a nasty shock, you’ll want to look at ways of improving your creditworthiness. This isn’t an exact science and opinions differ on the best ways to boost your score. However, some obvious steps are bound to have some effect. If you’ve recently moved home, get on the electoral roll at your new address as soon as possible – checking these details is usually one of the first steps of a credit check.

Making sure you pay on time with your existing credit agreements is key, as is keeping within your credit limit. Opening several accounts at once is also considered a bad move, as lenders could be concerned that you’re set for a borrowing binge.

Maintaining your score
If you’ve got a good credit rating, don’t be tempted to rest on your laurels – a few bad moves and things could change quite quickly. Maintaining a good score also means that you’re more likely to have access to the best rates and the best credit card rewards, meaning you’ll pay less for borrowing the money you need.

Ultimately, being aware of your credit score and how you can keep it in good shape should be a lifelong commitment – which, to return to our original point, means you should treat it like your wife or husband rather than a blood relative.

Home Insurance: Deals for the above 50’s in UK

While trying to get a home insurance policy particularly by the consumers above the age group of 50, the major areas of concern is related to the premium calculations. Similarly, there are a lot of insurance companies which are there to provide services to the consumers as far as their mortgages are concerned. For instance, Legal& General is one of those companies which provide attractive home insurance policies to the consumers with a more than comfortable premium. Their policies provide protection for homes and extra buildings or contents.

On the other hand, these insurance companies view the age group of 50 as providing better prospects for their business while obtaining a home insurance policy. This is perhaps because the people in the age group of 50 are relatively more cautious and have a controlling approach while dealing with their possessions which makes it clear that they are not more likely to make claims on their policies. In addition to securing a home insurance policy, the other factors which allow the consumers to get rebates for these policies include the safety fittings and accessories such as burglar alarms and fire alarms etc which are intended to make the home less prone to risks and hazards arising out of the same. There is another catch however which is provided to those consumers who are non smokers and even they are able to get rebates because it helps to lessen the risks which can cause a fire in the house. The consumers, who are included in the age group of over 50, may not always be in a position to pay more premiums because they may be thriving on an equally small and fixed income.

It is important therefore that they should carry out sufficient research through websites like moneysupermarket which help the consumers to compare prices of different types of policies and their advantages. In other words, through these websites, the consumers are supposed to get better and more effective deals while obtaining the home insurance policies. It has been commonly noted that the people in the age group of 50’s and above have a tendency to depend on recommendations while securing a home insurance policy. Furthermore, the people in this age group have also become rapid users of internet and not only do they provide with a thrust to the online insurance policy providers with respect to their business but they are going to be more cautious about getting a policy and comparing the prices. There is another company which provides excellent deals on home insurance policies namely Lloyd TSB. With their Home Options plan, the consumers can expect to get more benefits which include a cash back policy for the new customers for buying united buildings and content insurance through internet and are able to hold the policy for not less than 60 days.

However, the coverage is usually provided for damage which erupts due to natural calamities like flood or earthquake or sudden and accidental damages which have been caused to the internal accessories and several other advantages on which one can easily count. The best thing about seeking a home insurance policy for the age group of 50 is the fact that with growing age; the insurance deals are going to be much less expensive which no less than a boon is.

Controlling the cost of driving

car finance

Controlling Cost of Driving

2010 saw the first fall in the number of cars on the roads since the Second World War – a result of the national tightening of belts.  At the time the government was also running a scrap page scheme, which took older cars off the road and out of the second hand market.  As the green shoots of the economic recovery remain rather brown and withered, many households are facing the choice of keeping or ditching their cars.  Reports suggest that many second family cars have already made their way off the driveways of affluent middle England, destined for either the scrap yard or the second hand trade.  For those on less-than middle England incomes, losing one car many mean losing the only car.  So are there ways in which we can economise and keep ourselves mobile?

Savings you can control

There’s nothing certain in life other than death and taxes.  You can add car tax and insurance and the ever increasing cost of fueling a car to that list.  You can’t and shouldn’t skimp on either car tax or insurance.  Un-taxed and uninsured vehicles are now more traceable than ever, as regulations allow the DVLA and insurance companies to operate on an “I’ll show you mine if you show me yours” basis when it comes to records.  Untaxed, uninsured drivers face all kinds of fines and even crushing defeats – in the form of car crushing that is.  The long term cost of not insuring or not taxing are just not worth the ‘savings’ they appear to offer.  While tax and fuel costs are not easy to take control of, insurance at least can be shopped around for.  This is a must for any driver, of any age, gender or postcode!  The market is competitive and to some extent a buyers one.

If you have down-sized to a one car family – not by selling the kids, by selling the second car – insure the lowest risk driver as the main driver; beware of ‘fronting’ if you add a low risk driver to the policy who never drives the car you could fall foul of the law and invalidate your insurance.  However, for couples who both genuinely share the car, then this can save significant amounts.

Fuel efficiencies

You can’t set the price of your fuel unless you run a petroleum giant or a country – in which case you probably claim on expenses and don’t care anyway – but you can limit your consumption.  If it is feasible cut the commute – this will cut your insurance premium as well, so is a two birds one stone result.  If you can only partially cut it you’ll still make a saving; by a combination of car sharing, occasional exercise and the odd use of your own car to commute the effect on pounds can be impressive.  On the financial front you’ll gain some, on the middle-aged spread front you’ll lose some.

For the truly green and pleasant, converting the car to cooking oil can work.  The smell is not as bad as you think but there are side effects when it comes to your diet.  After even the shortest journey you’ll end up craving chips.  Also, beware the customs man; you still have to pay duty – not as much – but the penalties are harsh if you don’t.  Remember customs men will be able to sniff you out.  This is probably an option only for the true eco-warriors at the moment, but we’ll all be driving on cooking oil when petrol reaches £5.00 a litre; which it will.

Advantages of buying new

Get a new car.  Daft as it might sound to those looking to cut costs, buying new can save you money.  The main benefits are that new cars are more reliable than old, so less breakdown and recovery bills.  New cars are being designed with the most effective fuel efficiency measures that technology allows for.  There is widespread acceptance in the car manufacturing industry that we need to move to electric powered vehicles, but this acceptance is countered with a healthy dose of realism in that the infrastructure does not yet exist.  In the meantime fuel efficiency is the buzz word.  Costing less to run, a new car can make a big difference.

If you’re feeling adventurous you can go for a hybrid or even a fully electric car.  The later have some benefits as city run-around. The UK government will give you £5000 to buy one and they are investing in re-charging points in ‘selected cities’.  Another post code lottery, but if you’re in the right place, now might be the right time to consider taking up the offer.

Buying a new car using car finance may be an option too.  Hybrid, petrol, electric or diesel – whichever you choose it’s going to offer a better fuel efficiency if it’s new.  If new is out of your existing budget then consider finance as an option.  The savings a new car can offer can outweigh concerns about taking on further finance obligations and can be an option for many people.

Getting a good deal on the life insurance policies


Life Insurance Policy

We are all aware of the fact that life insurance coverage carries a primary significance particularly for all those above the age of 50. With the passage of time, when a person starts losing physical strength, the capacity to earn also begins to diminish. In addition to this, there are enormous risks of accidents and other health disasters which can strike at any time; moreover, the consequences with terminal illnesses can be even more dangerous as it results in a major flow of money. The life insurance policy which is provided by Tesco is compliant with great advantages for the consumers whether it is about protecting oneself or the members of the family. The tenets of the policy are very simple and the policy holder will even get coverage for an unpaid mortgage.

With a free gift for a limited period of time, the premiums for their policy are most affordable which can be easily handled by the policy holder. This edition is also meant to eliminate the general apprehensions that the consumers have about seeking a life insurance policy at the age of fifty. For instance, a majority of consumers are not having sufficient knowledge as far as a term life insurance is concerned. Basically, a term life insurance offers protective policies to the consumers against fatal mishaps or critical illnesses. Term life insurance is a good opportunity for those who are willing to have a life cover without providing the medical documents.

In addition to their life coverage policy, Tesco also offers specially formulated policies for the above 50 people. According to their over 50 policy, the entire amount of money that is insured is provided to the beneficiaries upon the death of the policy holder. Moreover, the policy holder gets the benefit of life coverage as long as the premiums are paid and until they have attained the age of 90 after which there are no requirements for paying premiums only if a person lives beyond that age; and the greatest feature which makes their policy alluring is the fact that there is no compulsion of showing the medical evidences. As long as a person does not attain the age of 50, there may not be much requirements to have a health insurance plan. However, the preparations and arrangements should be made much before one actually attains the recommended age.

For instance, the consumers should try to get the best deals by comparing websites like moneysupermarket and get access to more than 100 companies which provide good insurance deals. The insurance companies like Legal & General also offer good compensation for critical illnesses for none of us know as when the uncertainty will strike. The Defaqto 5 star critical illness program or policy which is offered by Legal & General which states that the policy will provide financial assistance to the policy holders and their families either on the event of the death of the policy holder or if the policy holder is diagnosed with any of the critical illnesses which is specified in their category. Therefore, there is no dearth of assistance as far as getting an insurance coverage is concerned. For there are several deals and packages provided by the major insurance companies.


Selling Gold Coins Online

Gold Coins

Online Gold Coins

Gold, also known as the yellow metal, is one of the most valuable commodities since time immemorial. Ever since its discovery, it has always been a means of currency and exchange. Then, even as its use as a currency wore out, gold was and is still used for a long time as a reserve for the paper money. However, gold coins have always been considered as antiquities. They can now be traded in different places and markets to fetch great returns and earnings. Even the Internet has emerged as a new marketplace for gold coins and other valuables. Here are some friendly tips for selling gold coins.

The new sensation for the sellers and buyers are the established online auction websites and databases. Online gold coins can be traded in such places. These auction sites are where the sellers put out articles for auction. The highest bidders for the particular article end up buying the product. You can also find good bidders for your gold coins. These valuable bids can fetch you expensive returns on the sale of your gold. Thus, auction websites is a good idea for trading and selling online gold coins.

Another good idea would be to sell your stock of gold coins at the authorized exchanges and markets. These warrant secure and safe transactions for the people. One such government exchange is the Gold Bullion itself. On visiting its website, you will find an exchange known as Nucleo Exchange. Here, you can put up online gold coins for sale. The Exchange is a place for many people. Some of these are gold refiners, merchants, jewelers and bankers. These have many purposes for your gold coins. Thus, you will find different takers for your gold coins. They would also pay you well for your wares.

There is another authorized market and exchange for the various buyers and sellers of gold coins. Those, who have pricey and valuable gold coins, can sell these at the American Precious Metals Exchange. At this exchange, the takers for gold coins are those, who emphasize on quality and quantity of the gold. So, before you sell online gold coins, you need to specify details like the value, quantity and standard of gold coins and bars. It is true that it could take some time for the purchases to materialize. But the sales can fetch you some good returns.