Saving Money at University is now more important than Ever And There Are Plenty of Ways to Do So

Oct. 7, 2011 - PRLog -- With rising tuition fees and the cost of living in general rising, it is now more important than ever to save as much money as possible when heading to university and as long as you prepare properly you could have a great student experience.

“After the increase in tuition fees it was thought that the amount of students heading to university might have dropped, however the number has not drastically changed and there are around 670,000 students starting higher education this autumn,” said James Jones from Poor Credit Loans 4 You.       http://www.poor-credit-loans-4-you.co.uk/poor-credit-loans-for-poor-credit-loan-poor-credit-rating-loans-with-poor-credit-loans.html

The majority of debt amassed whilst at university will be classed as “good debt” and is cheap borrowing as it is an official government student loan and the interest rate at the moment is held at 1.5%.

Students can borrow just over £8,000 a year via the Student Loans Company, with students in London being able to borrow more at around £10,000 a year due to higher living costs in that area.

“The main thing to do when setting off to university is to draw up a budget, this may sound like a simple idea, yet many people don’t do it, and if they do they do not stick to it, yet it is a great way to start saving money," said James Jones from Poor Credit Loans 4 You.

When setting off to university it is vital to make sure you have the right insurance to cover your possessions. People between 16 – 24 years of age are three times more likely to be the victims of burglary than any other age group.

Most insurance companies do not cover students who move off to live on their own at university, yet the majority of students assume it will, however most policies wont and will contain specific exclusions that may mean you wont get the cover you are after.

“There are many options out there that provide students with the insurance they need to cover typical student items, such as Laptops, TV’s etc just make sure to check all terms and conditions and small print as there are sometimes exclusions such as your possessions not being covered during holiday periods etc,” said James Jones from Poor Credit Loans 4 You.         http://www.poor-credit-loans-4-you.co.uk/personal-loans-p...

When you are a student there are plenty of ways to save money that could help reduce your outgoings by £100’s a year.

To start of with, if you feel you are spending too much, it is a good idea to write down a list of your outgoings and see where you can cut your spending.

Also make sure to get an NUS card as soon as possible as with just this you can make great savings at a lot of places, so make sure to take full advantage of it. Also, if you are travelling by rail it is advisable to get a young persons railcard as this gives you a third off rail travel across the UK for just £28 a year.

When starting university another thing you should be doing is setting up a student current account, which is a must for all students.

Many banks try to lure students in with freebies and special offers, which may be good at the time but a good free overdraft limit is hands down the best thing to look for.

“Many people assume that going for the bank with the highest interest rate would be the most beneficial, however, the majority of students won't have enough cash for interest rates to make a significant difference. An interest free overdraft limit should be top of your list as most students will have to dip in to it at some point and it may be best to have a nice cushion just in case and it is unlikely you will get this kind of free borrowing ever again,” said James Jones from Poor Credit Loans 4 You.

Poor Credit Loans 4 You helps out people who fear they have been blacklisted because of past poor credit history which could include CCJ’s and defaults, arrears,
late credit card payments or repossession.

Poor Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading.

Poor Credit Loans 4 You is also covered by the Financial Ombudsman.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

For help, phone 0800 215 5860
Or visit:    http://www.poor-credit-loans-4-you.co.uk/ccj-loans-for-po...

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Notes for Editor:

Loans 4 You of London Ltd
Innovation Centre
Monks Brook
PO30 5WB
United Kingdom

Tel: Free Phone 0800 215 5860

Poor Credit Loans 4 You was formed in order to ensure people with poor credit had access to specialist help in securing the poor credit loans they need.

From its UK head office in Monks Brook, Loans 4 You operates across Britain, sourcing poor credit loans for people with poor credit.

Poor Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading.

Poor Credit Loans 4 You is also covered by the Financial Ombudsman.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

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Poor Credit Loans 4 You is a top UK specialist for Poor Credit Loans for people from all over the UK.

Its wealth of experience in the Poor Credit Loan industry means it gets the best deals for people seeking a poor credit loan.

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