What is Breakdown Cover and Why Do You Need it?

Most people who drive experience a mechanical failure at some point, and not having the proper cover can mean a lot of additional stress and expense. It is important that you have a full and complete understanding of breakdown cover when buying a car insurance policy. This type of cover could help you in emergency situations when you are on the road.

What is Breakdown Cover?

A vast majority of car insurance companies offer what is known as roadside recovery, which is designed to help those whose cars break down while on the road. If you find yourself stranded in your car because of a mechanical failure of any kind, you can get the help you need.
Some of the common services that breakdown cover offers include:

  • Changing flat tires.
  • Helping you get into your car if you locked yourself out or lost your keys.
  • Getting gas to you if you run out of gas while on the road.
  • Charging up a dead battery.

Why Pay for Breakdown Cover?

There are many different benefits associated with breakdown cover, and it’s important that you know what they are.


If your car happens to break down while you are driving, all it takes is one phone call to utilize your cover. A technician will be sent to your vehicle no matter where you are. This will save you a lot of time and energy. Those who have type of cover usually don’t need to wait very long for a technician to arrive.

You Save Money

Your breakdown cover can also help you save money if you need your vehicle towed to a repair shop. Getting a tow without this type of cover can be quite costly. You can have your vehicle towed to the closest repair shop or a place of your choosing (within a reasonable distance).

Peace of Mind

One of the best reasons to pay for breakdown cover is peace of mind. You will know that you will be taken care of if you lock your keys in your car, run out of gas or just break down while driving. These things happen to people every single day, and there is a good chance that they will happen to you as well at some point.

Cover Wherever You Go

European breakdown cover makes it so that you are covered no matter where you are driving in Europe. You will have a full set of services at your disposal if the need for any of them should arise.

24/7 Cover

Another great thing about breakdown cover is that you can take advantage of the services it offers at any time, day or night. This can be particularly helpful if your vehicle happens to break down late at night.

Breakdown Cover Features

It is also essential that you learn about the basic features of breakdown cover before making a decision either way.

  • Roadside assistance: This will help you get your car started back up and back on the road as soon as possible.
  • Local recovery: You can get your car towed to a repair shop in the area if the technician cannot fix it on the roadside.
  • National recovery: If you require a tow, you can have your car taken anywhere in the UK to be fixed.
  • Home start: Perfect for if your car ever breaks down when you are close where you live.
  • European cover: You will be covered no matter where you are travelling in all of Europe.

What Should I do if my Car Breaks Down?

There is a good chance that your car will break down when you are on the road at some point in your life, so you should be prepared. The first thing you should do is to get your car to a safe area if possible. You will also need to activate your hazard lights so other drivers on the road will see your vehicle.

Exit the vehicle through the passenger door so as to avoid being struck by cars that are driving by. Call the number for your roadside assistance service and wait for help to arrive. You will most likely be asked a few questions before a technician can be sent to your car. The amount of time it will take for someone to show up will depend on where you are and what time of day it is.

Final Thoughts

Breakdown cover is something that all drivers should have. There is a very good chance that you will eventually need these services, and you’ll be happy that you opted for them. While you might have to pay a bit extra, it is well worth the expense. You will have the peace of mind that comes with knowing that you’ll be taken care of.

Loans for People with Bad Credit Histories

If you have a bad credit history and you’re in need of cash quickly, you might find that you struggle to get your hands on the best deals available in the financial market. However, that doesn’t mean that there aren’t options available to you. The most important thing to remember is that you will need to carefully weigh up all of the options available to you before you start signing agreements.

The unfortunate truth of loans is that even one or two negative marks on your overall credit history can easily be enough to stop you from accessing some of the deals that are most appealing on the market. It’s important to remember that if you have a bad credit history, you shouldn’t expect to get the most competitive rates on your interest.

There are plenty of things that you can do to improve your credit history, but in the meantime, here are the four main options that you can consider in terms of loans.

Option 1: Unsecured Loans

Unsecured loans are often one of the best and cheapest options for lending on the market – but they are largely designed for people who have a good credit history. Unfortunately, the unsecured market for loans is very competitive, and many banks will attempt to entice new customers with great rates – but these rates are usually reserved for people who have a good background in finance.

When you’re comparing unsecured loans online, consider looking at bad credit loans. There are loans that are offered by providers which specialize in appealing to people who have less than ideal credit histories.

Though you won’t get the best interest rates and options that are available to people who are seeking unsecured loans with a pristine background, you may still be able to access some unsecured loans depending on what your credit history looks like.

Option 2: Secured Loans

If you have a bad credit history, then a secured loan provider is far more likely to overlook your indiscretions than someone who offers unsecured loans. This is because a secured loan taken out against your assets or properyy, meaning that your lender can limit the risk that he has to take on when considering your poor credit history.
The issue with secured loans is that there is far more risk for you. If you do not pay your secured loan repayments on time then you could lose something very important to you, such as your car or home. Some secured loan providers will allow you some time to pay an amount owed before they repossess your property, but it’s important not to take this risk.

Typically, secured loans are designed for those seeking large amounts of money, rather than small sums of cash. Though it’s possible to get larger amounts of cash with an unsecured loan, the rates are typically much worse.

Option 3: Credit Unions

Credit unions offer perhaps one of the safest borrowing options available for those who have a poor credit history. The only real problem is that they usually will only consider lending to members who have already been saving money with the credit union in question for a couple of months.

If you’re not sure about your credit history, or you simply want to make sure that there are lots of options for lending available to you in the future, then it may be worth looking into your local credit unions and setting up an account that you can save with. Even in cases when you need to access cash quickly. Joining a credit union can be helpful in the future, particularly if you have a poor credit history.

Remember, credit unions are typically more forgiving than high-street lenders, and they can offer great rates of interest too.

Option 4. Bank Overdrafts

Finally, in the wrong circumstances, bank overdrafts can be very expensive, but if you have a long-standing relationship with the account provider in question, then you might be able to ask for options to be levied wherein you can borrow for free for a small amount of time. It’s worth asking about the options in terms of overdrafts if you only need to borrow a small amount of cash for a short amount of time.

Alternatively, you could consider credit cards, which are typically more flexible if you have problems with your credit . People will decide on the amount that you’re able to borrow depending on the terms that they have already laid out, and they are generally tailored for people with a bad credit history. That doesn’t mean that you’ll definitely be approved, but your chances of being approved by a credit card company are often higher than your chances of being approved by an unsecured loan provider for instance. Just remember that the APR for bad credit cards are generally much higher than those for typical credit cards.

Student Loans and Financing for your Degree

If you are studying within the United Kingdom, then it may be reassuring to learn that there are a number of different loans available from government-backed and private companies which might help you to pay for your living costs and your tuition. The loans that you can get will depend on where and how you are studying, as well as other factors like your personal circumstances and household income.

There are loans for first-time students that can be applied for through one of the four student finance agencies available in the United Kingdom. However, you will need to ensure that you are applying for a loan for an approved program. These loans are designed to cover the costs of your tuition in full, and there are also opportunities for you to apply for maintenance loans that will help you to cover living expenses. The amount of maintenance loan you are given will depend largely on factors such as your household income.

Usually, these loans will only charge interest at the base rate to keep in line with inflation. Once you graduate and begin to earn money over a certain amount every year, the repayments that you need to make will be deducted from your salary in a way that is similar to paying standard income tax. However, if you become self-employed, you will need to calculate repayments as part of your tax returns.

Loans for Education from Private Companies

Although the most common solution for those in search of finance for the purpose of education and tuition is to consider getting a loan from a government institution, there are also loans available for tuition from private companies too. For example, these are the loans that are most frequently considered by people who are considering studying at a post-graduate level, or would like to complete their second undergraduate degree. Additionally, private loans can be the best option for people who are thinking of studying at a private college.

Crucially, if you do not have the money saved up to pay for these learning solutions yourself, you will have a few borrowing options available to you, but it’s important to note that you will need to ensure that you can afford the monthly repayments that are associated with loans from private companies. Unlike loans awarded by the government, these private loans are intended as a standard personal loan, which means that you will need to begin paying them back on a regular basis.
If you plan on studying full time and will not have a regular income to help you pay back the loan that you take out, then there’s every chance that you will not be able to afford a loan on a second undergraduate or post graduate degree.

Personal Loans for Students

One potential option that students can consider when they are trying to gather finances for their lifestyle and education, are personal loans. These are an unsecured type of loan, which means that they are offered in accordance with your credit score, and do not require you to place any items or assets up as security. To get the best rates or largest loans, you will need to have a moderately healthy credit report. Additionally, it can be difficult to obtain a personal loan as a student who has no credit.

With a personal loan, you will find that your monthly repayments are typically fixed, and you will be expected to pay them on time and according to the schedule provided if you want to avoid defaulting on your loan. Unlike student loans that are backed by the government, you will still be required to pay the monthly payments on these loans if you are not employed anywhere.

Student Bank Accounts

If you’re concerned about the concept of finances and being able to afford to live as normal during your time as a student, it may be worth considering opening a good student bank account that comes with a 0% overdraft. This is one of the best financial services that any person studying full time can get.

An overdraft is a financial product that allows you to spend more money than you actually have within your bank account, which should mean that you can withstand a negative balance up to a particular limit. This could mean that in some cases you can borrow small amounts of money for free.

Crucially, most student bank accounts will come with a 0% overdraft, but you will need to make sure that you ask your bank to authorize this overdraft to make sure that you don’t spend more than the limit that is given to you, otherwise you could end up paying interest and dealing with huge charges. Many student bank accounts will give you an overdraft limit that changes depending on your year of study. You should also be given a few years after your graduation to repay your overdraft before you are charged any interest.

Can Younger People get Loans Too?

The truth is that younger people can often have a hard time getting their hands on a competitive loan, but that doesn’t mean that there aren’t plenty of borrowing options available for those who don’t have much experience within the financial world.

Though younger people can struggle to borrow because they’re often seen of more of a risk than people who have steady incomes and background in financial durability, that doesn’t mean that places won’t offer you a loan if you’re under a certain age. If you have experience with paying back debts, or you’ve used credit cards in the past, then you may find that getting a loan is easier than you think. Additionally, if you have a regular income, getting a loan becomes much simpler.

Getting a Loan when You’re Under 25

Though there aren’t many hard and fast rules about the exact age that you should consider taking out your first loan, there are ages that can make it more difficult for you to access the finance that you need, basically because of the stigma surrounding people in those age groups. Getting a loan when you’re under the age of 25, or getting a loan when you’re over the age of 60 can be equally difficult, because there are prime ages considered to be ideal for borrowing based on various factors to do with risk.

In broad terms, the older you are, the less time you probably will have to pay back the money that you borrow before you pass away. At the same time, the younger you are, the less experience you’ll have in paying debts, and the less chance you have of ensuring a regular income. A lot of young people have a bad credit score simply because they haven’t had a chance to take out a loan in the past.

Of course, though it might be harder for you to get a loan when you’re under a certain age, there are ways that you can improve your chances of being approved by different lenders. The main thing to remember is that you should minimize your appearance of risk whenever possible.

How Old Do You Have to Be to Get a Loan?

Almost all lenders will restrict applications to people who are over the age of eighteen. If you attempt to apply for a loan before this age you will not be approved. Additionally, there are some lenders that will only ever accept applicants that are over the age of 21. However, even if you are at the minimum age to be approved for a loan, the chances are that you will be taking out your very first loan, which means that this is your first chance to experience debt. This obviously makes it harder for lenders to look back over your history and determine how much of a risk you are. As such, it can make it much harder for you to be approved.

If you have a steady job and you’re over the age of eighteen, then there’s a chance that you may not have been working for long, which could add to your perceived level of risk. Lenders often prefer people who have been within their job for at least one year, as this gives the impression of stability and indicates that a person can be relied upon to pay their bills each month.

Your age becomes less of a factor in learning as you get old, until the time when you are designated as being “too old” which is usually around the age of 60 and over.

Young People Alternatives to Loans

If you’re struggling to get your hands on a loan, or you’re concerned that the loan you apply for will not be approved, there are some alternatives that you can consider if you need access to finances as quickly as possible. For instance, credit cards are often seen as a flexible and efficient way for younger people to borrow cash, particularly if you only want a small amount of money at any given time.

There are a wide number of banks and financial providers that offer credit cards designed specifically for students. Usually, these cards come with a higher rate of interest than some standard cards, but they can be more understanding of your circumstances. Additionally, there are credit cards that have been created specifically for people with bad credit. These cards are designed to help you build a credit history so that you’re more likely to be accepted for a loan or mortgage in the long run.

Additionally, you may consider speaking to your bank about the possibility of extending your overdraft to give you more favorable conditions for borrowing money when you need it more. Overdrafts can sometimes be expensive and restrictive, but if you speak to your bank first they may be able to create an arrangement for you.