Monday, 11 June 2018

Consumer Advice

Tonight Elizabeth Crampton joined us from St Albans Citizens Advice Bureau for our regular update on consumer issues.

Pay Day Loans
Payday loans are short-term loans for small amounts of money. They are available from high street shops and internet sites. Payday loans can be easy to get but interest rates are very high. There may be other ways for you to sort out your short-term money problem so think about the alternatives before you borrow from a payday lender.When you apply for a loan, before lending you any money, a lender should check whether you’ll be able to pay it back. This means that, for example, the lender should check you’ve got enough money coming in each month to be be able pay the loan back.If you have debts or are struggling to manage on your money, you may like to get help with budgeting or dealing with debts which is available from a number of sources including the CAB

Travel insurance can give you extra protection if your holiday doesn't go as planned. So you should make sure you have cover if you're planning a trip away.

It's particularly important to take out travel insurance if you are travelling independently because you may find yourself stranded with no way to get home and no-one to help sort out your holiday problem.

Top tips
travel insurance is essential, particularly if you are travelling independently
choose a policy that covers your needs
compare policies on the cover they offer as well as the cost
check if you have other insurance that will cover you away from home
check the policy if you are receiving any form of medical treatment to see what exclusions may apply.

more information can be found at the following web sites 

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