How to find a bank that suits you

Find a Bank that suits you

If you are looking for a bank account, mortgage or credit cards that are right for you, there is a world of options out there to choose from. Choosing the right one is just a few carefully considered steps away, so take your time to look at the options and you could save yourself a headache later!

First of all, think about what you want from a bank. It may seem obvious and straightforward but it is easy to get swayed by tempting offers, hard nose sales techniques and banking jargon. What you require from a bank account is personal to you and you have the right to make the final decision.

Once you have decided your criteria, don’t get persuaded by flashy deals and offers under any circumstances. After all, the bank may offer the very best in air miles deals, placing the world on a plate but if you don’t have a passport and you are afraid of flying, it’s doubtful that you will ever get your money’s worth.

You may be looking for a first bank account, in which case your criteria could be pretty straightforward. You will need an account to have wages paid into and a branch or cash point on your local high street to withdraw your money.

However, you may want to hold your current account and credit card at the same bank for your convenience and you should look at the deals and offers from the various providers.

Often, banks that perhaps have fantastic deals on current accounts are not so good on savings or mortgages. It would be wise to research the best deals for your circumstances rather than throw all your accounts into the proverbial one basket for convenience.

You could end up losing out and in the age of Internet banks and financial services, transfers and financial transactions are easily completed online without the need to visit the branch.

If you have been a loyal customer with your bank or credit card for some time, what do you do when things go wrong? How do you complain and get the matter resolved without having to switch to another bank? Here are a few points to make sure you are heard.

Decide what you want, the nature of your complaint and the action that you require. Get your information and details of account numbers etc. and talk to your provider.

From talking to the bank or call centre, follow up in writing with all the facts including who you spoke to and when and include copies of documents if necessary.

At all times, despite the frustration of being put through from one department to another, stay calm and keep to the point.

Do not start adding in other complaints that were not on your original complaint. Also, keep records of names, times and details of any conversation.

From the outset, make it clear what you would like a resolution to the issue. Do you want compensation, refunds or merely an apology for the mistakes and problem? If you are looking for compensation, keep the amount realistic. If you chase for too much your complaint will not be taken seriously.

If your issue is unsolved after eight weeks you can then take it to the ombudsman who will deal with complaints for banks, building societies, credit cards and other financial providers.

Lastly, if you have followed the appropriate procedures to no avail, know when to give up! If the ombudsman rejects your claim, you will never succeed.

In this case, we go back to the start of the process and perhaps your best option is to change your bank account and look for a provider that can offer what you need from an account.

Your own finance adviser-UK Personal Finance

Uk Finance

UK Personal Finance

The classical theory of survival said that the Fittest survive but neo-classical theory says the Best Manager survives. yes, to live perfect life, to have a secure future and to have a peace of mind you need to manage your day to day finances. In this world where nobody has enough time for even oneself, managing finances is a far big deal. For this, there are many softwares, websites available to help you but who to trust and rely on is a big question. UK Personal finance is the definite answer for that. Basically, what it does is analyze your current financial condition and predict the short-term and long-term needs. Ultimately it puts your savings in good investment to generate you more income. Also, it mainly works in mortgage planning. It’s purely beneficial and fully profitable.  In short, you don’t have to think about anything like any kind of mortgage, loan, investment, debt, retirement plan, insurance etc.

Its head office is based in Southampton, Hampshire from where they assistants for the whole UK. UK personal loans has grown big over the past 25 years  has gained huge experience in financial services. The major programmes under the organization are Mortgages and loans whereby they get you the right mortgage and save you lenders charges, valuation fees, legal fees as well as redemption fee in case you redeem your mortgage before time, insurance and protection which includes life insurance, critical illness cover, mortgage payment protection, etc., Pensions and retirement under which they have schemes to ensure a secure after retirement life for you and your family, and savings and investments which is one the best programmes, it  increases your bank balance for sure assuring you more savings and hence the cycle goes on from ‘simply simple to simply rich’.

It runs a financial awareness programme which helps you stay free at all the times as it regularly analyses your financial state and alarms you every time there is a risk or imminent danger. Basically, you can say that UKPF is the 24*7 watchman of your pocket. Some personal finance tools that are generally used in UK are Money dashboard, Egg money manager, yodlee (based in US but cover large portion of UK banks) etc.

Though UK personal finance has been a great success but few months back there were certain problems related to the availability of better tools, which has hit it. Yodlee, which is the personal finance management aggregator in US has released that since tools in UK are not backed by trusted institutions, people hesitate to use them. And also it is not possible to handover your personal details outside UK, so there is urgent need of trusted tools to be used, else this business would go on a decline.

Yodlee money center can be a trusted tool and is extensively used in UK also. So, overall until you understand the safety precautions to be used while using such advisors, nobody can harm you and UKPF is continuously working over enhancing itself.

Can you go on holiday if you have bad credit?

bad credit

Go on holiday with bad credit

Anyone who has had credit problems might be considering the use of bad credit credit cards in order to finance their holiday.

It is a fact that people generally do pay for holiday spending on a credit card for ease of booking and to enjoy the protection this gives them under the Consumer Credit Act.

Unfortunately, this trend means that someone not in a position to apply successfully for a traditional credit card might find themselves with a problem.

There is light at the end of the tunnel, however. Specialist providers that issue bad credit credit cards may be able to help.

These credit cards often have a lower limit than some cards and so may not be suitable for more expensive holidays, but they can, if used properly help to rebuild the user’s credit profile.

If someone is taking out a credit card solely to pay for the holiday and they make very sure that it is paid off as soon as they return, then this good use of credit may help improve their credit profile.

It is important, however, that the card is not used for additional spending that may not be cleared when the statement comes in, as the interest rates on these types of cards are exceptionally high in most cases.

With some careful planning, the costs of a holiday can be greatly reduced, which limits the chances of further debt arising.

There are lots of great deals available, such as stretching a planned long weekend by an additional day, which can often be free.

If the hotels you are planning to stay in offer free breakfast, then this can be a great money saver. Often, breakfasts are a buffet style and you can eat as much as you want. A filling breakfast may mean that you will not need to buy lunch.

If you are planning to go abroad, check exchange rates before making a final destination decision. The differences between currencies can be staggering and you may get a lot more local currency for your money in one country than in another.

Self-catering apartments can often make a holiday far cheaper overall than paying extra for included meals. Buying and cooking your own food can also give a fascinating insight into local culture that you may not get from a hotel.

If your credit rating being poor has resulted from previous problems with debts, then it might be worth seriously considering whether a foreign holiday is affordable. There are a number of ways of enjoying the holiday season without needing to travel.

Especially during the summer months, many newspapers and magazines offer money off vouchers to all sorts of different attractions. It could be that several family days out may be more affordable and just as much fun as going abroad.

If a holiday is definitely decided on, then there is no doubt that paying by credit card is the most convenient and safe way to spend.

A poor credit rating in the past does not have to mean the end of holiday plans if you have the funds available to go. It just means that holidaymakers may need to start planning earlier to make sure they have the right card for them.

What Is the Right Time to Add Baby for Health Insurance?


Baby Health Insurance

The most important thing that should come to mind when expecting a new baby is the health insurance.  It is interesting to learn that nowadays, a lot of parents understand the need to place their children on health insurance.  But many of them are confused as to the right time to add their new baby to insurance.   You need some know-how if you want to get your infant covered by your health insurance and this is what this article is set out to put through.

If you want to add your new or coming baby to your insurance plan, you need to first check with your health insurance provider to know beforehand whether the baby will be added as an individual to your plan or whether you will have to upgrade to a family plan after childbirth.

However, the best time for filing an application for inclusion of your baby is during pregnancy.  You have to contact your insurance company immediately you know you’re pregnant.  This does not in essence mean that your infant will start to be covered from then, but it will go a long way to inform your insurance company on time that you are pregnant and that you have a baby on the way that you intend to include in your health insurance.  By informing on time, the company will be able to feed you with all necessary information on what to do in order to make the coverage work.

It should also be noted that insurance policy covers the baby right from 30 to 31 days of its life.  Therefore your insurance provider should be carried along on any developments during pregnancy so that they will be able to update your records with them accordingly.  For instance, if there are such issues like complication or miscarriage, let them know on time, advisably within 3 to 4 days of such mishap.

Upon baby delivery, call and inform your insurance provider.  This will enable them prepare the appropriate papers for the coverage.  As a matter of fact, this is another crucial time to note and you have to inform them at least within 30 days of the baby’s birth.  If this is not done on time, coverage may be lost for the baby and the medical bills may go uncovered.  Meanwhile, another important thing to note is that if you do not secure coverage for your child within 30 days of his birth, the insurance company is not required to enroll your child in your health plan until the next open enrollment period, which may be months away.

Having ascertained all the above, ensure you fill all necessary forms and submit them back to your insurer.  It doesn’t end there, it is very important to follow-up with the company so as to ensure that everything is okay.

If you can keep to those times as discussed here, you will have no problem adding your baby to your existing insurance plan.


Income protection

Income Protection

With such an uncertain economic climate at the moment everyone is doing everything they can to make sure they are in a strong financial position should the worst happen. But with everyone rushing to make these plans and take out all sorts of insurance and protection cover it seems a few unscrupulous people out there are taking advantage of the public panic to protect themselves and their families by selling them insurances and protection they don’t actually need or that won’t pay out if the worst happens as they will not meet the criteria. With so many buzz words flying around in the financial world how do you know which products to buy in to and which to avoid?

Income protection seems to be one of the key word and financial products flying around at the moment, but do we all need it and should we be purchasing these policies? Well the simple answer is yes; unlike many products out there income protection does actually provide what it promises to and can help you if life takes an unexpected twist. As well as this income protection is suitable for all whether you are employed by an international company, a small local company or even self employed.

So what is income protection insurance and what does it actually provide? Simply put income protection, protects your income! It provides an income for you if you are ever out of work due to sudden illness or injury, however most policies do not pay out if you are made redundant. The basic idea behind income protection is that it keeps you on the same financial footing you would be on if you were working, thus taking one worry off your mind and allowing you to concentrate on recovering. One really good aspect of income protection insurance is that the income you receive is completely tax free.

To avoid people making a profit from this insurance you would receive you’re after tax earnings with a deduction for any state benefits you can later claim. As with all insurance it is important to read the fine print to make sure you know exactly what you are covered for by your income protection policy.