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Get Your Money Back with a PPI Claim

If you had taken a loan out a few years ago for a mortgage, buy a car or even purchased items on your credit card, You may have been caught up in the PPI scandal that has come to light in the UK and may be considering ppi claims along with many others. It has been made public that many banks have made their customers pay for payment protection insurance without even informing the consumer of this fact.

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It has been found that banks had made it sound compulsory that the borrowers have to pay for the insurance and many of these financial institutions even gave their employees bonuses if they include the PPI in the contracts when loans are given out.

Why did banks do this?

It is a matter of risk and even though it is not called for or required by the financial regulations, banks often decided to safeguard themselves and get the consumer to take out a payment protection insurance in favor of the bank so that the bank will get their money back no matter what happens. In many instances, it did not matter if the borrower was creditworthy or not, the bank would give out the loan and in case the person cannot pay back they will be safe.

PPI claims

After the revelation, many people have been claiming back the payments they made for PPI to the banks, and if you are in the same situation, you should consider applying for your request immediately. Do not let time go by and delay the process as there are limits on time and you may not be eligible after a specified date to claim your payments.

Since many banks levied the PPI payments on the loan amount, they even charged interest on this, and all these amounts could be claimed back.

aa03Hire a Claim Management Company

If you are unaware of your current situation and do not know how to submit a claim, you can consider using the services of a claim management company. They have experienced solicitors who will know how to apply and get the maximum claim on your behalf. There are some firms that will only charge you a small 12% of the amount which will be nothing as you will not have to do all the paperwork and they will take care of all the red tape for you.

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The Importance of Choosing the Best Retirement Planner

Financial planning regarding investment or retirement is an essential service that everyone should take seriously to be successful. As you look forward to your retirement, you are probably considering seeking the services of a financial consultant. Several of them exist today providing different financial planning and consultancy service for people with particular needs. Not all of these financial advisors have your best interest at heart and can offer the service you are looking for in one. For this reason, it is significant to consider selecting the greatest of them all based on your specific financial needs even when choosing a retirement planner. Some important reasons for choosing the best retirement planner include:

Important reasons

Getting the ideal service you are looking for in a consultant

jjkmbvcxzDue to the existence of several financial experts available, it may be difficult to get one that offers the retirement planning service you want. Some of them have specialized in investment advisory services thus only capable of advising you on investments. Some financial consultants can only help you with financial planning around real estate, tax, insurance, and retirement planning. As such, identifying the best retirement planner is the only way of receiving the kind of consultancy that suits your needs. Before you choose an advisor, you should ask the types of service it provides and the areas of specialization so that you are sure of what you are receiving.

A blend of quality and affordability

The next significant benefit of selecting the greatest firm is the mix of value and reasonable cost for the clients. The two characteristics that make a financial planner the best are the low cost and the excellence in service. You will find some providing superior service but a very expensive fee that you cannot afford while some will be charging small commissions but giving poor services. However, you can still find the package of quality and reasonable price under one roof. It implies that the retirement planner has been around for a long time and can now take advantage of its infrastructure and experience to offer the best service at an affordable fee. As you plan for your retirement, you do not want mediocre service and wastage of resources.

Efficiency in service delivery

lkmmbbvxWhen you want your retirement plan processed, you do not expect any delays in the part of your planner. The best financial consultant comes with the advantage of offering efficient and fast retirement planning to help you avoid any inconveniences. Whatever you financial advisory need could be, make sure you do your market research well to pick nothing but the best consultant.

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Ways Trust Deeds Are better For Debt Settlement

Trust deeds are the voluntary agreements between a debtor and a creditor that guarantee debt settlements over some period. A contribution is subtracted out of your regular income for a stated period, typically four years, to cover your debts. Trust deeds enable you to have minimum stress throughout the period you are paying your debts. You can access £6500 and use it to write off 90% of your debt then pay off the remaining amount over the next three years.

Trust deeds are commonly administered by an insolvency practitioner. These acts are crucial in preventing future debt problems and avoiding extreme measures like bankruptcy, have a look at Trust Deed Scotland for the complete explanation. This brief overview looks into the main ways in which trust deeds are relevant in debt settlement.

How Trust Deeds Are Good For Debt Settlement

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Trust deeds enable you to have minimum stress throughout the period you are paying your debts. You can access £6500 and use it to write off 90% of your debt then pay off the remaining amount over the next three years. Unlike other means of debt repayment, trust deeds allow you pay off your debts without much stress or hustle, and you can work in peace or carry out other businesses while still paying your debts.

Solution For Debt Management

Trust deeds allow you to work amicably with your creditors and find a means of settling your debts. By working with your creditors, you gain ultimate freedom as well as control over your finances.

Privacy

Unlike in bankruptcy, the information on a Protected Trust Deed is not published, and it is kept entirely confidential.

Convenient

You are required to make easy monthly payments which are typically set based on your ability to pay. The calculation of monthly payment takes into account your employment, financial, domestic and family circumstances. You can comfortably pay for basic needs such as food and shelter while also paying your debts.

Prevent Unreasonable Interests

When a trust deed is finally set in place, you will not be required to pay interest on the debt.

Affordable

A trust deed does not increase your financial obligations you will not be required to pay extra management fees for the trust deed.

No Pressure From Creditors

Also, a trust deed cuts off all contacts with csdvsdvsdvsdvsdvsdvsdvsdvsdvsdvsdvsdvsdreditors hence you will not have pressure or stress from creditors chasing for more interests or debt ch
arges, enabling you to settle your debt in peace.