This comes from Adrian, in Colchester, Essex:
"I want a loan. Where can I go to get the best deal?"
DON’T DO IT!
Consider whether you really need a loan, and or whether you really need that large purchase. If you can get by without it, great. If you can’t live without the item, save for it, because products, fashions and technologies change over time. Unless it’s an emergency, or for something which is essential, the chances are you will regret doing it;...
This one comes from a youtube viewer D. Lignell.
'I found this very helpful and informative. I would love to know more about the way mortgages work. I am attempting to get a loan modification and assumed the bank I pay the payment to, was the only party involved. I then learned there is a separate “funder” of the loan who apparently does not like, or have to participate in, the modification process. This is my second go around and so far they seem much...
This one comes from Stephen in Dartford, and his question is: “Why should I make a Will?”
Well… Everyone should have a Will.
A Will formally sets out (expresses) your wishes for the distribution of your property and assets, after you have departed this mortal plane.
Your home, savings, insurance policies, investments, and personal possessions are all affected, and together these items comprise your ‘estate’.
In short, if you don’t leave...
This one comes from Daniel in Carlisle, and he says:
“I know I’m going to have difficulty with a few months payments on my mortgage, but when I contacted the mortgage company, staff told me they couldn’t agree a payment arrangement until I’m actually 3 months in arrears; is that correct because it seems crazy?”
This one comes from Gav O, in Newport:
'A while back, I missed some insurance payments ( 3 months I think), I was then pulled over by police. After stopping me they asked if I was insured, I said "yes, I am insured". But they had already checked their database and seen that I was not covered. So, The insurance company had indeed cancelled my insurance and wiped me from the data base. Do you think I have a claim here, because I was fined for not having insurance plus...
"What is the difference between a Standing Order and a Direct Debit?"
While this may seem like a very simple question, it is still a very important one. In the program we go over the important differences. Not knowing which is best can cost you control and perhaps some cash. And we don’t want that do we?
It seems weird saying this; never trust bank staff to be able to explain banking products, services and or processes correctly, because in this...
This one comes from Dawn in Shropshire, and her question is:
“Can my insurer cancel my policy if I don’t pay?”
This goes a lot deeper than simply not paying, because Dawn had been paying monthly instalmens to spread the cost over the year. In the video you’ll find out how Dawn had her problem solved and what you may want to do in similar circumstances.
Make sure you have all your receipts for payments made, the policy...
This one comes from David in Newmarket, and his question is: “What is a credit score?”
A credit score is a third party assessment of your ability to handle liability (li-ability), and is usually required, and obtained, to help staff members assess applications for things like loans, credit cards, mortgages, mobile phone contracts and store finance.
The following broad elements of your "profile" are usually taken into account:
This one comes from Dorothy in Cheshire, and her question is:
“I’m about to make a claim for mis-sold PPI, and I’ve seen a lot of...
This one comes from Joanne in Cumbria. She says:
“I have found a Power of Attorney clause in my mortgage conditions which I knew nothing about. Why does my mortgage company need a Power of Attorney?"
That’s is an excellent question and frankly the answer is not a short one, so make yourself a nice cuppa and get ready while Simon answers this tough nugget of a question.
Before signing anything, you should always know what it is you are...
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