Sunday, 22 August 2010

Vehicle safety systems help in Lowering Accident Rates

When a car is bought the owners give a lot of preference to its looks, features, mileage etc. Even a car insurance is purchased to make sure in case of any damage there is someone to bear the risk. But very few people take steps to make sure the situation of any damage to the car is avoided. An ESC (electronic stability control) is a cutting edge technology driven product which helps in avoiding accidents.

An ESC minimizes the risk of skids. The system does so by applying breaks automatically when the car is out of driver’s control and can even reduce the engine speed when any accident can happen. The device does not claim of beautifying the vehicle or improving its performance but it surely reduces the risk of accidents.

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Many insurance companies check whether the car owners have installed any such device in their vehicle to minimize the risk of personal and car damage. They prefer selling insurance to customers who make some efforts to take care of their vehicle and it shows their sincerity and responsibility towards their vehicle. The insurers have assurance that such vehicles are at minimum risk.

However, a survey by conducted on 16,000 UK motorists showed that almost two fifths of the participants had no idea about ESC or any other safety vehicle device.

The UK government is making efforts in spreading awareness about ESC and similar devices. It will help lowering down accidents and the insurance companies and car owners too will have some relief.

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INSTANT PAYDAY FINANCE BEFORE THE COMING PAYCHECK

Monday, 9 August 2010

INSTANT PAYDAY FINANCE BEFORE THE COMING PAYCHECK

What does one do when in need of some sudden finance to see him through the month? An accident, a repair or some other such basic need which crops up out of nowhere, under such circumstances it is the Instant Cash Advance Loans that come to the rescue. These payday loans come in instant packages which are opted for by a number of people today.

In fact over the last two to three years, there has been a sharp rise in the number of loans that are being opted for by people for dealing with their monthly finances. Although these payday loans are heavily criticized in the UK, the recent growth of 130% says it all. But the critics say that the more people opting for these quick fix instant payday loans mean that a rising number of people are having unstable financial condition which is not a good sign.

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But the average man who has to deal with his monthly financial issues will do anything to meet with the demanding bills and other expenses. The fact that unlike personal loans, Instant Cash Advance Loans or instant payday loans don’t mean a lot of paper work and other such formalities, as they give instant finance in a matter of hours.

Good or bad credit history also doesn’t matter here as all they need is filling up the application form for the instant payday loans, giving their bank details and if approved by the company they get their loan in a matter of hours. Plus their good or bad credit don’t affect the interest rate in any which ways. There are no credit checks and no detailed inquiry as to why you need the loan for.

Once the loan is approved of one may deal with his financial worries as the loan will be directly cut from his next income. But then again the very nature of the loan is to pay for some day to day urgent financial need, like some payment of bill, medicals or other such issues. One may definitely not consider buying a car with these instant payday loans as whatever the amount he borrows would be immediately taken directly by the company from that person’s next monthly salary.

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Previous Post:Adventure Travel on a rise amongst Brits and so is the need for a Travel Insurance

Wednesday, 4 August 2010

Adventure Travel on a rise amongst Brits and so is the need for a Travel Insurance

As per a study conducted by Mintel, high numbers of Britons are traveling abroad for holidaying. With the changing times their holidaying destinations have also undergone a change and they are now opting for adventurous holidays. Many people are going for adventurous holidays that include activities like scuba diving, bungee jumping, river rafting etc. The number of people planning for holidays is increasingly growing and so should the number of travel insurances.

The report brought to light the fact that increasing numbers of women are opting for activity holidays and almost 38% have already been a part of one. Almost 48% of the males have done the same. The difference between the male and female ratio is very less which indicates that both the sexes are equally interested in holidaying. Around 43% including families and older travelers are open to the idea of holidaying.

The report highlights that the trend of holidaying and adventure holidays is increasing day after day. Travelers are excited about the idea of holidaying but most of the times they forget about the risks that they may face while holidaying and ignore the need to take a Travel Insurance. Most of the travel insurances do not cover extreme sporting activities like biking, bungee jumping etc and holiday makers need to make sure their travel insurer covers them. With Post Office Travel Insurance holidaymakers will not have to worry about any such issues. Post Office understands the needs of its customers and has travel insurances catering to them.

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With a travel insurance travelers are assured that in case of any accident or medical emergency they have their travel insurance to bank upon. Before they go for an adventure holiday that involves high risks they should make sure, they take travel insurance.

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Previous Post: Interest rates in UK likely to stay low for a few years

Tuesday, 3 August 2010

Interest rates in UK likely to stay low for a few years

The economic slowdown, rising inflation, high rate of unemployment and many other factors have put the economists to think about the economic future of UK. Many economists are predicting that the current financial crisis may lead to the nation’s lending rate to be low and this phenomenon is likely to continue for years.

As per the economists of Ernst & Young, the Bank of England will keep the base lending rate low and this will continue until 2013. They have predicted that the interest rates could be as low as 0.5%. The main reason behind this change would be to control the rising inflation rate. The current inflation rate is 2%, which is because of the VAT Tax change. In the coming years, the inflation rate is expected to rise even further, in order to control it and keep it below 1% the lending rates may be kept low. The rates are expected to be low for a minimum of 2 to 3 years.

The low interest rate alone will not help. A lot depends on how the Government implements cost cutting measures without compromising on the necessary steps. Even if the actions taken are effective, to get the economy back to normal it will take a minimum of 2 years. If all this works out well then economists believe UK can overcome the economic slump. Investment from public and private sectors is expected to be huge once the recovery process ends.

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Previous Post: Scottish interest jeopardised