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Friday, December 05, 2008

Top 5 reasons to use online banking

In recent years online banking has become increasingly popular, and many consumers have benefited from being able to conduct all of their banking transactions online without having to resort to queuing in the local bank or spending time trying to get through automated switchboard in order to speak to someone on the phone.
Online banking allows you to run your day to day finances, and manage your bank account, with ease and convenience, and with this method of banking you are always in control. With online banking you get to enjoy convenience, ease, speed, and increased control, which is why so many people now decide to conduct their banking transactions online rather than at a branch. The main reasons many people opt to use online banking are:

Online banking – is it safe to do all your banking online?

Over recent years the popularity of online banking in the UK has soared, with many consumers enjoying the benefits of being able to conduct their day to day finances and manage their bank accounts from the comfort and privacy of their own homes. These days, many major banks offer online banking facilities to customers, and some banks even operate solely online, reflecting the popularity of banking online.

Make Sure Payment Protection Insurance Is Right For You Before You Buy

While payment protection insurance can be a valuable asset if you have loan or credit card repayments to make each month, it is not suitable for everyone. Some individuals would not benefit from taking out the cover because of the exclusions found in a policy.

Mortgage Insurance Cover Is More Transparent When Bought Independently

One of the biggest reasons why mortgage insurance cover and related protection policies are hard to understand is the lack of information given at the time of selling. Mis-selling only occurs through ignorance of the product and not knowing what it can and cannot deliver. As long as the consumer has the information and key facts regarding a policy and has made sure it is suitable, it will protect their mortgage. Getting behind on your mortgage repayments puts you at high risk of being repossessed but with mortgage protection it does not have to be this way.

Wednesday, December 03, 2008

Understanding the Mortgage Meltdown; What happened and Who's to Blame

People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.

To paraphrase Alan Greenspan's remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties.”