FAQS About Making PPI Claims
Payment protection plan (PPI) was meant to cover you in case you were unable to repay back your loan installments. This insurance cover could cover installments for more than one year. Unfortunately, fully aware that a huge number of borrowers were not aware of this fact, banks opted to sell them to other parties with an objective of making money. You might also have been forced to buy another PPI despite having an active one, which is illegal. That said, you could now claim the entire amount of PPI you spent on insurance premiums by making a claim.
Common concerns when making PPI claims
In case you are convinced that your PPI was sold without your consent, you might be planning to present your claim. Unfortunately, most people do not know that they can get back those claims. Here are some common concerns from individuals contemplating on whether or not to make these claims.
How do I if my PPI have been mis-sold?
Most people are not aware whether they have PPIs or whether they have multiple PPI policies. If you are among the many that have mis sold PPIs, visit a ppi claims company to know where you stand. A PPI claims company can help you get compensation for mis sold PPI or find PPI policies you did not know about. This implies that you will get a larger refund without even breaking a sweat.
How much compensation will I receive?
The amount of compensation given is not uniform. Depending on the amount and number of PPI policies, PPI can add between 13-56% to your loan repayments. Besides the money you have been paying, you are entitled to any additional interest. If you are still making payments, your loan amount will be reduced by the amount of the policy. If you have settled your loan, you will receive the full settlement in cash.
How long will it take?
There is not definite time on how long it takes to process your PPI claim. Some claims can be settled in a matter of weeks whereas other can take much longer. The good thing is that the wait time can be reduced by working with a PPI claims company.
Why should I use a PPI claims company?
The primary reason the services of a PPI claims company are needed is that most people know nothing or very little about these claims. Only a trained claims handler can find all your PPI policies to ensure you receive maximum payment. They also make the whole process easy and fast.…
How To Manage Finances While On Music Show Tour
Musicians can make a lot of money once they successfully plan a music show tour. More so, if their music rocks the world, all the theaters and stadiums they hit will fill to the doors. On the other hand, such shows can be a money eating projects if finances are not regulated well. Therefore, there are various things one can consider to make sure that money is not misused.
How to manage finances while on a music show tour
Making a budget
If you have good event managers and coordinators, then making a budget for your music show expenses will not be a hassle. A budget helps people to anticipate the profit margins of the event and avoid getting losses. If there is an anticipation of shortfalls in the event, then some measures can be taken to reduce their chances. Most importantly, a budget will give a transparent picture of the expenses that will be incurred during the whole tour.
Have an accountant all through
It is better to incur the cost of contracting a short term accountant that losing a lot of money through various loopholes. An accountant helps to regulate the money as per the budget and help to track all the records for future review. While they may not be the custodians or the ones approving the money, these professionals help to regulate financial matters are handled. Their presence in the organizing team will be of help to the whole project.
Set control measures
Due to various financial challenges the tour is bound to get, sitting of control measures particularly on the expenditure is very crucial. Another area which requires tight measures is the regulation of the tickets. Most frauds occur in this area, and the executive team must ensure that all methods used can guarantee accountability. During such tours, the beneficiaries of the revenue are usually many, and thus, no money should get lost before they all get their share.
Avoid use of cash
Whether it is during ticket collection or expenditure, use of cashless means is better in terms of control measure. Most of the tickets can be sold through online platforms or any other methods that do not involve cash. If cash method has to be used the money should be banked immediately.
Use of the above financial management tips will allow the musicians to get profits as well as the other parties involved. Furthermore, it will avoid crushing of events which can lead to disappointment and bad brand reputation.…