WHCM Money Management

Guiding you through life's pitfalls

Who Ya Gonna Call?

Who are you going to call when your vehicle stops working while you are in route from one place to another? Probably not Ghost Busters or any other movie or television superhero. No, your superhero is going to be your breakdown cover agent in the area, the guy who brings a van full of goodies specially selected for roadside assistance.

Not Necessarily Free

Your breakdown cover will bring a mechanic and a van full of replacement parts, battery chargers and even a can of gasoline to replenish your tank. If the mechanic can get you going again without using any parts, the trip is likely to be covered. But if you need special parts or a tank of gas, you might need to have some cash on hand with which to pay the mechanic. Or at least a credit card with a good margin of credit on it.

Easy to Reach in an Emergency

There are some kinds of mechanical breakdown that definitely qualify as emergencies. Having your U joint break is one of them. When that happens, the motor can’t communicate with the transmission, and therefore the transmission can’t tell the wheels to go. In short, you are stalled. Hopefully, the problem arose manifested while you were at a stop sign or a similarly calm location. Your breakdown mechanic can arrive, quickly diagnose the difficulty, and call for a towing truck or a trailer to move your vehicle. Since these channels are already set up, the whole process goes much more quickly than if you must connect to the Internet to look for a local towing truck, find a mechanic who will take your vehicle, call the towing company and get your vehicle moved to a safe location.


When you call your breakdown cover, you know that the person they send will have training for managing your situation. A mechanic will have training and certification, the towing driver will be operating in good standing. Should a problem arise with either, you have someone you can call to report any significant issues. When you simply call the first towing truck on a list in a directory, you might not have these recourses.

Your Data is On File

Your name, background, and similar information is on file with your breakdown agency. You won’t find yourself standing beside a windy road with vehicles whizzing by, fumbling for your wallet or digging in the bottom of your purse to produce your information. Furthermore, your breakdown company will be able to advise you as to your best next move. This is very handy if you are in a foreign country and will need a place to stay or transportation to your next destination while your vehicle is being repaired. It is even a nice thing to have if your regular going-to-work routine has been interrupted.

Recovery Services

If a situation arises where you must go on to your next destination, or even if your time abroad comes to an end, your breakdown policy might include recovery services. This means that even if your vehicle must remain in a repair facility until it is fixed, it will make its way back to you. It can also be brought to you at a hotel or other accommodation – which your policy might help you locate – where you have been waiting for the repairs to be completed. If you are a commuter, your vehicle might be returned to you at your place of business or your home, cutting down on those fees for taxicabs or Uber drivers.

Breakdown cover isn’t required insurance. But it can certainly be a good friend to call when you are in a tight place.

How to Apply for No Interest Job Centre Crisis Loans from the DWP

Although it’s often perceived as a loan for people on benefits, this isn’t the case. You don’t have to be out of work to qualify so don’t let that deter you from applying. A job centre plus crisis loan is provided from a social fund to meet an extremely urgent short-term financial need.

Your need to borrow money must be both urgent and a short-term requirement. For example, you’re waiting for your first benefits payment to reach you and can’t afford to feed your family. Once you receive payment, pay it off.

If you don’t qualify for a quick cash loan from the DSS, you can appeal against the decision. There is a formal process in place that could help you to get the decision overturned. You may also be eligible for payday credit, a pawn shop loan, a credit union cash advance or be able to borrow money from a doorstep lender. They aren’t interest-free, but provide a way of making it through to to the next month.

How Much Can You Get a No Interest Job Centre Plus Crisis Loan for?

The DWP doesn’t specify any upper limit, but a quick phonecall revealed that you may be able to get an interest-free fast cash advance loan of up to £1,500. They will individually assess your employment status, sources of income, cash in hand, availability of credit, benefit entitlements, savings and whether you’ve taken out a loan with no interest from the social fund previously. It’s usually advisable to try to justify a slightly higher figure because they regularly offer applicants a reduced sum of money.

If you have a very bad credit history, you probably don’t have your own checking account to deposit the funds. If this is the case, you can open a basic bank account at any major high street financial institution. As an alternative, you could open a Post Office® card account or credit union bank account. This will be necessary as you’ll need somewhere for them to deposit the funds.

Eligibility Criteria for Job Centre Crisis Loans with No Interest

  • You must be a minimum of 16 years old.
  • Your family lacks the sufficient financial resources to meet a short-term need. This situation must be classified as a short-term financial issue and not a long-term problem.
  • Without the provision of an interest free loan from the DSS, there would be a serious risk of harm to either or both you and your family.
  • If you’re currently in receipt of a community care grant, are moving home and don’t have enough money to cover the deposit for a non-local authority landlord.

Private Sector Quick Cash Loans for Unemployed People & Low Earners

  • Fast cash loan for up to £1,000 from a payday lender.
  • Collateral-based pawnbroker loan.
  • A doorstep cash loan for bad credit scores.
  • Poor credit loan from a credit union.
  • A credit card cash advance from an ATM.
  • Guaranteed family loans.
  • Store credit or a hire purchase agreement.

Procedures when Your Application for a DSS Crisis Loan is Rejected

Although strict guidelines are followed, the decision remains subjective. If you’re not satisfied with the outcome, you should appeal within 28 days of the decision. In the first instance, you should write to your local job centre explaining the reasons why you believe that the decision was wrong. If you remain unhappy, you can request that the matter is reviewed by a Social Fund Inspector. Know your rights when applying for a job centre crisis loan and don’t delay if you intend to appeal against the decision.

Loans with Monthly Payments: Bad Credit Cash Loans to Your Door

When you’ve got a very bad credit history, finding someone who’s prepared to lend you money can be extremely difficult. This is because money lenders perform a credit search to underwrite the risk of default and decide what interest rate to charge new customers. Missed and late payments regularly lead to a decline.

Loans with monthly payments aren’t widely available because most creditors don’t want to take on the risk, but they are available from doorstep loan companies. They not only offer credit when other lenders have said no, they offer customers easy and affordable repayment terms, albeit at a higher APR.

How to Get Bad Credit Doorstep Loans with No Credit Checks

You can either apply for a doorstep same day loans online, over the phone or in person. If you prefer the personal touch, you can arrange an appointment with a local agent within 3 days. They’ll run through all the paperwork, advise you how things work, arrange payment and even collect the repayments from you on a weekly basis.

Doorstep lenders aren’t concerned with your past credit problems, they’re more interested in your ability to repay the money you owe. You don’t need a full-time job. Cash loans for unemployed people are available, provided that you’re able to prove that the repayments are affordable to you.

Bad Credit Loans with Monthly Payments for Up to £500

Even if you’re a completely new customer, you can borrow up to £500 and spread the repayments over 52 weeks. Once you’ve proven that you’re a reliable and dependable customer, you may be able to get a quick cash advance for up to £2,500 over up to 108 weeks.

Typical Examples of the Cost of Cash Loans to Your Door:

  • A £400 fast cash advance over 33 weeks from Greenwood Personal Credit costs £20 per week. You’ll repay a total of £660 at a typical APR of 433.4%.
  • A £500 doorstep cash loan over 52 weeks from Provident Personal Credit will cost you £17.50 per week. You’ll repay a total of £910 at a typical APR of 272.2%.

Consequences of Defaulting on Cash Loans to Your Door

Doorstep companies appreciate that they are lending money to people with past credit indiscretions. People who take out bad credit loans with monthly repayments regularly experience financial difficulties. If you find yourself unable to pay, it’s better to talk to them to find out how they’re able to help you.

Unlike a loan from a pawn shop, loans to you door are completely unsecured so you won’t lose any personal property. However, interest and charges will continue to accrue. If your local agent is unable to collect payment from you, your account will be passed to a debt collection agency.

Don’t borrow money that you can’t afford to repay. If you’re finding it increasingly difficult to keep-up with the repayments on different credit agreements and bills, you should seek advice from a free credit counseling service. There may be better solutions to your money problems.

Controlling the Future of Your Credit Cards

Getting Your Credit Card Debt Under Control

I know you have heard it before, but it needs repeating…Pay off your credit card every month! Don’t use your card except for emergencies. Why give the credit card companies your hard earned money? That is what you are doing every month that you pay them interest.

Make sure you are not paying an annual fee for a credit card. Any annual fee is too much. There are lots of card companies out there that do not charge a fee to have one of their cards.

If you have credit card debt, then the first thing you need to do is check to see if you can transfer any and all balances to the lowest interest card. This way you can make one payment at a low interest and save money. This is the only time that it is recommended to get another card. If you can get a card that does not charge to transfer balances and you can get it at a zero interest rate for even a year, this will save you money if you transfer your balances and then make sure you pay them off.

Did you know most “Gold Cards” come with an annual fee. Read the small print if you are offered a Gold card because you might find it not worth the extra cost.

Now is not the time to be in credit card debt. Pay off your smallest credit card balance first and then work your way through your credit cards, cutting them up as you pay them off.

Go over your credit card bill with a fine tooth come. Make sure the charges on there are your charges. If they aren’t, you need to contact the credit card company immediately.

Powered by WordPress & Theme by Anders Norén