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It’s Monday April 8th, Do You Know About ULEZ?

Beginning today, April 8, 2019, ULEZ comes into play in London.

You may ask what is ULEZ???

It stands for Ultra Low Emission Zone in London, and if driving in the Big Smoke in the areas affected in central London, it will cost drivers an additional £12.50, in addition to the £11.50 congestion charge.

So £24 to drive in central London, and not just for a 24 hour period now, but for that day!

The clock ticks over after midnight, to another charge.

So driving in some parts of London, just got more costly.

And we thought parking charges were bad.

Why ULEZ?

So why this additional charge to drive in our Capital, simply to try and limit the number of drivers and limit the pollution and congestion.

ULEZ was started by the previous Mayor Boris Johnson, but has been picked up and implemented by the current Mayor Sadiq Khan.

This is an effort to get us to walk, take the bus, the Underground, to make use of all the public transport we have in London.

Which is a great idea, as long as none of them strike🙂

However, on the bright side, cleaner air, and saving a few quid by not paying these fees is a good thing.

How Do I Know If I Need to Pay The New ULEZ Charge?

For now if you are entering Central London and are in the congestion zone area, you will need to pay the ULEZ charge as well.

The new ULZE charge is 24 hours a day, 365 days a year. Unlike the congestion charge which is only Monday to Friday 7am to 6pm.

So no matter when you enter the affected area, you need to pay the ULEZ.

Bummer.

So how do you pay the new charge?

In the same manner you pay the congestion fee, and there will also be a mobile application as well.

Isn’t there an app now for everything.

I need an app for my wife, but I digress.

Can I Be Exempt?

Probably not, but some vehicles are, and there is a web site to tell if you are exempt or not. You can check here.

Basically it will depend on your type of vehicle, and the fuel it uses, and if it meets certain Euro standards. (We are not out of the EU yet)

Are There Fines If I Don’t Pay the ULEZ?

This is England, there are fines for everything, so yes, there are fines if you enter the ULEZ zone and do not pay the charge.

How much you ask, a lot!

The initial fine is £80, if paid within 14 days; after that, it jumps to £160! Ouch!

The fines can be as high as £1,000 for bus and lorry drivers. Wow!

Initially there may be warnings on first offences, but watch out after that.

As Sir David Attenborough recently said, and I paraphrase, our planet no longer rules us, but we rule it. It is our responsibility to makes changes, and accept climate change, and do what is needed to keep the planet alive for future generations.

OK, I embellished it a lot, but it is true, and why ULEZ is now in effect.

And it is not just London, but Manchester and Liverpool are also considering congestion fees to limit the number of cars driving around and polluting our cities.

More on the new ULEZ can be found here.

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<strong>What is Our Criteria For Applying?</strong> 
Every lender on our website has their own specific criteria by the basics are mentioned below and you must have a guarantor to be eligible. Simply select the lender of your choice and you will be taken directly to their website where you can apply. You will be required to submit your details including:<li style=”text-align: center;” data-mce-style=”text-align: center;”>Name (must be over 18 as the borrow, 21 or 25 as the guarantor)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Residence (your chances will improve if your guarantor is a homeowner)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Employment status (must be employed or on a pension)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Income (earning at least £600 per month and able to make repayments)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Monthly expenses (not have too many loans open or in major debt)</li>
 
You will then be asked to include the details of your guarantor and as mentioned above, this is usually someone who you know and trust and wants to help you with your personal finances. Ideally, a guarantor with good credit will maximise your chances of being approved based on the idea of ‘if someone with good credit trusts you, well we can too.'<strong>How Much Can I Borrow From Guarantor Loans?</strong>Guarantor Loans gives applicants the chance to borrow £500 to £15,000 depending on the lender. Some lenders we feature like Buddy Loans only have a maximum loan value of £7,500 and TFS Loans is the only lender that stretches up to £15,000.Factors that can influence the amount you can borrow revolve around having a good guarantor. One that is a homeowner, with solid employment, income and good credit rating will maximise your chances of borrowing the largest drawdown possible.The lenders featured on Guarantor Loans see a homeowner as someone who has already gone through the rigorous process of credit checking and affordability and if they can afford a house, they should be able to act as a guarantor for you.By comparison, having a guarantor that is not a homeowner offers slightly less security and means that amount you can borrow is slightly less too.Higher amounts may be available to those who already have a better than average credit rating, are homeowners themselves and a repeat customer with the lender who has already paid their loan on time. To apply directly with your lender of choice see <a href=”https://www.paydaybadcredit.co.uk/direct-lender/” data-mce-href=”https://www.paydaybadcredit.co.uk/direct-lender/”>direct lenders</a>.<strong>What Does The Guarantor Have To Do?</strong>Upon completing an application, the lender will typically send you a <a href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html” data-mce-href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html”>pre-contract loan agreement</a> and SECCI (Standard European Consumer Credit Information form) which will highlight the terms of your loan. You and your guarantor will be required to review the terms of the loan, including the loan drawdown, fees, repayment dates and responsibilities – and this can be signed via an online verification process using your email and mobile phone.The lender will usually carry out an individual phone call with you and your guarantor to ensure that you both understand the responsibilities and what is required of you – notably that if you cannot make repayment, your guarantor will be required to pay on your behalf. Further to some additional credit and affordability checks, funds can typically be transferred within 24 to 48 hours (or sometimes on the same day).<strong>Are Guarantor Loans Available For Bad Credit Customers?</strong>Yes, even if you have a history of adverse credit, <a href=”https://www.gov.uk/county-court-judgments-ccj-for-debt” data-mce-href=”https://www.gov.uk/county-court-judgments-ccj-for-debt”>CCJs</a>, bankruptcy or IVAs several years ago, you can still be eligible. The idea is that you are using your guarantor and their financial history to ‘back you up’ and give your loan extra security. However, it is noted that your guarantor should have a good credit score and consent to co-signing your loan agreement.<strong>How Soon Can I Receive Funds?</strong>Guarantor Loans works with lenders that can facilitate funds within 24 to 48 hours of approval, or sometimes on the same day.When your funds are successfully transferred, most lenders working with Guarantor Loans will send the full amount to the guarantor’s debit account first. This is a standard security measure carried out by lenders to ensure that the funds are going to the right person and confirms the involvement of the guarantor. The guarantor usually has a ‘two week cooling off period’ where they can decide to pass on the money to the main borrower or they can change their mind and return the funds with no extra charges.