Students Of Success

If you find yourself shopping around for an auto loan there is much to consider before you ever sign the dotted line.

The first thing to consider is if you want to pay a down payment on the vehicle. Many lenders today don’t require a down payment but it is still a good idea to pay as much as possible, initally. The more you pay for a down payment, the lower your payments may be on the loan.

If you have a used vehicle you can trade-in, the money you get for the trade-in can be added into the down payment. Don’t expect to make a lot of money on your trade-in unless your car is in absolutely perfect condition. Any cosmetic flaws or mechanical work needing to be done on your old vehicle can significantly lower its potential trade-in value.

The next thing to consider is what your interest rate will be on the loan. If your credit is good you may qualify for a loan within the 4-8 percent range. If you have subprime credit the interest rate on your loan could jump higher than 20 percent. The percentage rate you pay on the loan will play an important factor in how much your monthly loan payment will be.

You also have to consider how long you would like the loan term to last. Many auto loans are usually available with anywhere from 3-6 year terms. The shorter the loan term, the larger the monthly payments will be. On the flip side, the total price you pay for the loan will be cheaper than a loan with a longer term. You’ll pay less in interest on a loan with a shorter term.

Never take out an auto loan with a term that’s longer than the amount of time you plan to keep the vehicle. Otherwise, you’ll end up throwing away money on a vehicle you no longer own. Also, if possible, try to get a vehicle with a warranty that runs throughout at least most of the term of the loan. You don’t want to get stuck paying for costly repairs at the same time you’re paying off your auto loan.

The most important thing to consider before taking out an auto loan, is how much you can afford to pay for the loan on a monthly basis. Kelly Blue Book and Capital One suggest no more than 15-20 percent of your monthly budget should go toward your vehicle. If you’ll end up spending more than that, even with a longer loan term, you should consider looking for a cheaper automobile.

By considering the many factors that influence the true costs of an auto loan you may save money in the long run and improve your credit rating. If you do your homework before signing the dotted line, you’ll find a loan that is right for you.

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John Campbell is the writer and editor of CashBuzz, A financial portal for the rest of us. Check out http://www.cashbuzz.com for the latest articles on money management and tips and tricks that can help improve your finances.

This article may be reprinted on your Web site if the copyright, author information and active link are included.

Lawsuit Loan! How does it work?

Lawsuit Cash Advance. No Risk Funds.

99% of Plaintiffs involved in Lawsuits Don’t Realize They Can get Cash Advance before their Case Settles. It is called lawsuit funding or often referred as pre-settlement financing, “lawsuit financing,” or a “lawsuit cash advance.”, but these are not loans because the money does not have to be paid back unless the case is won or settled. These are Non- Recourse Cash Advances. It carries No Risk because Plaintiffs owe Nothing if they lose the case. The client must be represented by an Attorney, and need money prior to settlement due to financial hardship.

Lawsuit Cash Advance can provide a very timely financial solution to help plaintiffs who are having financial difficulties. Usually the Plaintiff’s financial hardship is the result of being injured and not being able to work.

Mostly plaintiffs have missed work or lost their job and can no longer meet their mortgage/ rent or car payments. Many of them may be one or two payments away from Foreclosures. They may be in need of Medical treatments. They need to pay Children’s education expenses.

But now this new Lawsuit Cash Advances are great help to plaintiffs. In the past, these claimants have needed to accept lesser settlement amounts due to pressing financial difficulties. Now, clients can sustain their personal lives and give the attorney the necessary time to achieve the full value of the case.

The process to receive Lawsuit Cash Advance is Risk Free & simple. There is no Application or upfront fees. Approval is fast. Plaintiff may have a bad or no credit. There are no monthly payments. They pay back only when they win or settle the case. They owe nothing if they lose the case. They can use the Cash Advance in any way they like

Pre-settlement cash advance is available for:

* Personal Injury, Automobile Accidents, Pedestrian injury any Type
* Pharmaceutical Litigation like Zyprexa, Vioxx, and Fen-phen etc.
* Asbestos / Mesothelioma lawsuit
* Tobacco/Smoking cases
* Slip & Fall Cases, Burn Injuries
* Nursing Home Abuses
* Breach of Contract
* Class Action/Product Liability
* Employment Discrimination
* Judgments, Verdicts, Appeals
* Malpractice: Medical-Legal, Accounting, Construction etc.
* Harassment: Sexual/Rape, Any Type
* Workers Comp. cases
* Wrongful Termination
* Wrongful Death
* Patent or Copyright infringement & other Intellectual Property
* Real Estate Disputes

AND MANY MORE…..

A lot of people & businesses are being forced to settle early for way less than they deserve because they simply can’t afford to wait any longer. There is no reason for them to settle for less than their case is worth.

There are some good internet sites that give more information on lawsuit cash advances. One good source of information is:

http://www.easylawsuitfunding.com

About The Author:

The author is a Legal Funding Consultant specializing in Pre-settlement Funding and has written authoritative articles on the finance industry. He is engaged in providing free, professional, and independent advice to the residents of United States. He is currently assisting Plaintiffs (Individuals and Business Owners) involved in Lawsuits and Attorneys to get Lawsuit Pre-settlement Funding.
For more information please visit www.easylawsuitfunding.com

Car leases and car loans are simply two different methods of automobile financing. A car lease finances the use of a vehicle; a car loan finances the purchase of a vehicle. Each has its own benefits and drawbacks.

With a car loan, you pay for the entire cost of a vehicle, regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your car loan, and pay an interest rate determined by your loan company. You make your first payment a month after you sign your contract.

With a car lease, you pay for only a portion of the vehicle’s cost, which is the part that you “use up” during the time you’re driving it. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and pay a money factor that is similar to the interest rate on a loan. With car leases, you may also pay extra fees and possibly a security deposit that you don’t pay when you buy. You make your first payment at the time you sign your contract.

Buy vs. lease example

As an example, if you lease a car that costs $25,000, that will have an estimated value of $15,000 after 24 months, you pay for the $10,000 difference (this is called depreciation), plus finance charges, plus fees. When you buy, you pay the entire $25,000, plus finance charges, plus fees. This is fundamentally why a car lease has significantly lower monthly payments than a car loan.

Car lease payments are made up of two parts: a depreciation charge and a finance charge. The depreciation part of each monthly payment compensates the leasing company for the portion of the vehicle’s value that is lost during your lease. The finance part is interest on the money the lease company has tied up in the car while you’re driving it. In effect, you are borrowing the money that the lease company used to buy the car from the dealer. You repay part of that money in monthly payments, and repay the remainder when you either buy or return the vehicle at the end of the car lease.

Car loan payments also have two parts: a principal charge and a finance charge, similar to lease payments. The principal pays off the vehicle purchase price, while the finance charge is loan interest.
However, since all vehicles depreciate in value by the same amount regardless of whether they are leased or purchased, part of the principal charge of each car loan payment can be considered as a depreciation charge, just like with a car lease — its money you never get back, even if you sell the vehicle in the future.
The remainder of each car loan principal payment goes toward equity. It’s what remains of your car’s original value at the end of the car loan after depreciation has taken its toll. Equity is resale value. It’s what you get back if you sell the vehicle. The longer you own and drive a vehicle, the less equity you have.

Car lease versus car loan? Let’s simplify the answers and summarize them here:

1. The short-term monthly cost of a car lease is always significantly less than the cost of buying.
For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.

2. The medium-term cost of a car lease is about the same as the cost of buying, assuming the buyer sells/trades their vehicle at the end of the car loan.
The overall cost of a car lease compared to a car loan, over the same lease/loan term, is approximately the same, more or less, assuming the buyer sells the vehicle at the end of the car loan. Comparisons sometimes show a car loan to cost a little less than a car lease due to fewer fees, lower finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the car loan (often a bad assumption, especially if traded). However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can easily be less than buying.

3. The long-term cost of a car lease is always more than the cost of a car loan, assuming the buyer keeps the vehicle.
If a buyer keeps his vehicle after the car loan has been paid off and drives it for many more years, the cost is spread over a longer term. It doesn’t take rocket science to figure out that the cost of buying one car and driving it for ten years is less expensive than leasing or buying five different cars over the same period. Therefore, short-term leasing is always more expensive than long-term buying. If long-term financial benefits were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives — or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other objectives that reduce the importance of long-term cost savings.

Karin Boode is the founder of the Loan Info Center, who strives to provide valuable information regarding any type of loan via the http://www.loan-infocenter.com website. She has a special website, dedicated to auto loans, http://auto.loan-infocenter.com.

Each one of us needs money to fulfill our personal needs. It could be to buy a dream car or to go out for a luxurious holiday. Do you know you can use equity in your home to get a loan? Yes, it’s true. Secured personal loans are tailored to help you meet your individual needs and desires by making your home work for you.

Let me first explain, the word “equity”. Equity is defined as the difference between the price for which a property could be sold and the total debts registered against it. Secured personal loan is a convenient way of borrowing large sums of money, with respect to equity in the home.

Secured personal loans are available upon one’s property. Secured personal loans can be used to consolidate debts, which will help in managing debts effectively. Secured personal loans can also be used to make home improvements or for any other personal purpose. It solely depends on the borrower, how he/she decides to spend the loan amount.

Borrowing limit for a secured personal loan ranges from £5,000 to £75,000, although some lenders will consider offering upto £100,000. Secured personal loan is a simple method to generate extra cash. You can get a secured personal loan up to 125% of the value of your property.

The secured personal loan repayment period may vary from 5 to 25 years, depending on how much you can afford as your monthly payments. Secured personal loan also offers convenience to repay the loan amount, as you desire with flexible repayment terms.

The main benefit of a secured personal loan is that they are offered at cheaper interest rates than unsecured personal loans. The cheaper interest rate reflects the reduced risk involved for a lender in providing a secured loan. Lower interest rate helps in saving your hard earned money that can be put to other important uses.

The interest charge on a loan is expressed as APR (Annual Percentage Rate). APR for a secured personal loan depends on the equity in the property and on one’s personal circumstances, for example any adverse credit.

Approval for secured personal loans tends to be easier than for unsecured personal loans as it is secured by borrower’s property. Thus, the lender is on the safer side.

One can avail the benefits of a secured personal loan only if he or she owns a property. Homeowners with bad credit history or poor credit score can also enjoy the benefits of secured personal loan.

Various banks, financial institutions and even online lenders provide secured personal loans. Do not rush! Shop around, collect loan quote from various secured personal loan lenders. Majority of the lenders give free loan quotes, but few lenders may charge nominal fees for it. Compare the loans quotes and look for the one that you find the best, matching your expectations.

Secured personal loans work as a source of financing expenses of the homeowners. It gives an opportunity to homeowners to make use of the equity in their home. Secured personal loans are offered at a cheaper rate of interest as it is secured against the property of the borrower.

Few identifiers are necessary to identify your kind of loan. An unprepared borrower might find it very confusing to get out of the jargon of loans in UK. A loans borrower/user demands for timely, reliable, accessible, comprehensive, relevant and consistent loan service.Pamella scott is constantly trying to help you find such a loan service online.To find Secured loans,secured personal loans,secured debt consolidation loans in uk that best suits your need visit
www.easyfinance4u.com

This is a common question that many consumers have. Many people do not realize that there are even different types of personal loans. Each type of personal loan, secured and unsecured, have different requirements.

We will look at the requirements for a secured personal loan first. The name “secured loan” pretty much sums it up, to obtain a secured loan the borrower is required to provide some kind of collateral to secure the loan.

The most common forms of collateral used to secure loans are personal property such as your home, land or automobile. When your home is used as collateral, you will often hear the loan referred to as a home equity loan or a second mortgage loan. Personal loans can also be secured with stocks, bonds, certificates of deposit, a savings account, etc.
Lenders tend to be more flexible when granting secured loans. Usually the borrower is given a lower interest rate and longer terms to repay the loan compared to an unsecured loan. The downside to a secured personal loan is if you default on the loan and fail to repay it, the collateral used to secure the loan can be seized by the lender.

If you do not have any collateral to put up for security, then you would not be able to qualify for a secured loan. On the other hand, and unsecured loan does not require any collateral. That is why unsecured loans are a great option for non-homeowners.

The requirements for an unsecured personal loan rely on the borrower’s credit history. Since there is no collateral securing the loan, the lender has to base creditworthiness of the borrower on his or her past credit activities.

The higher a credit score the borrower has the more likely for approval they will be. A good credit score can also guarantee a higher loan amount and a lower interest rate. If you have poor credit, you could still qualify for an unsecured loan but expect to pay a much higher interest rate.

There are some really great deals and interest rates on unsecured loans these days. But all in all, usually the limit on an unsecured loan will be lower than the limit for a secured loan and the interest rates are usually higher. Visit Easy Approval Personal Loans to apply online for a unsecured personal loan today or to learn more.

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Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published “as is” (unedited) and all URL’s are made active hyperlinks with no syntax changes.

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This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To learn more about your personal loan options or to apply for a personal loan online please visit: http://www.easy-approval-personal-loans.com

A Lender LOI or also a Letter of Interest is a document that a Commercial Mortgage Broker or Lender will provide to you when you submit a loan package. This document will state the terms of the proposed loan that the lender will give you.

The lenders LOI is based on the information you provide. So the more information you provide, the more accurate the loan quote will be. Too many times I’ve seen a lender quote a good rate with good terms, then turn around and not be able to provide those terms. Why? Because during the due diligence phase, the lender finds out the borrower did not provide accurate or all of the information. Remember, lenders are in a business and their business is based on known risk. A lender won’t be in business too long if they keep lending out bad loans!

So what kind of information should you expect to see in a Lender LOI?

Well, it should have the brokers or lenders name and contact information. Also the Lender LOI should include the following information.

Loan Name

This is usually the property name or address.

Loan amount

There is a requested loan amount and the loan amount the lender is going to lend. They will be listed on separate lines and the numbers may be different.

Quotation date & expiration date

The lender will only give you a specified amount of time to review their loan quote.

Loan terms

This is usually listed in years or months.

Amortization

This is usually listed in years or months.

Interest Rate Spread

This is a percentage over the current index yield.

Current Index Yield

The index yield on a given day.

Final Note Rate

This is the interest rate you will pay. It is the interest rate spread plus the current index yield.

Interest Rate Index

This is the index that is used in determining the current index yield. Examples are 10 yr Treasury, Prime or LIBOR.

Loan Type

This is stated as either fixed or variable loan.

Interest Accrual Method

This is how the lender will calculate your amount of interest.

Proposed DSCR

This is debt service coverage ratio for your loan amount.

Proposed LTV

This is the loan to value that the lender is willing to loan to you. This determines how much money you need to put down.

Prepayment

For paying off your loan early, some lenders charge a fee or penalty. That should be outlined in the lender’s quote.

Recourse Options

The loan will either be full recourse, partial recourse or non-recourse. Recourse determines if you are personally liable for any loan default.

Assumption & Assumption Fee

With most commercial loans, the loans are assumable for a new borrower for a small fee.

Junior Debt

Whether the lender will allow a 2nd to be taken on the property.

The lender will also state what conditions must be met for the loan. Examples are clear title reports, inspection, occupancy, etc. Also, the lender will give an estimate of the fees (due on acceptance of loan and at closing).

Visit http://www.all-about-commercial-mortgages.com/lender-loi.html to learn more about LOI’s and financing of commercial properties. Educate yourself before buying that commercial property!

Patti Porter is a Commercial Mortgage Broker specializing in income producing properties.

Most of the borrowers hesitate to apply for a Secured Business Loan even if they have an impressive business proposal and are ready to offer collateral. The reason being, most of the borrowers presume that the approval process for Secured Business Loan involves a lot of paper work and is a time consuming affair. However, in recent years with the advent of internet this presumption has been belied. You can make the process of availing Secured Business Loans amazingly fast and simple by taking care of the some of the most pre-requisite things.

Here’s the check list:

• Business Plan: It is considered as one of the most important things for start-up businesses. Your Business Plan should be inclusive of all the important facts about your business, such as, nature of your business, expected return, your future business projections and how do you intend to return the money to the lenders. Your Business Plan must cover all the important facts about your business in a concise manner.
• Business Profile: Your Business profile should describe your annual sales, number of employees, length of time in business, and ownership.

• Loan Request: Your Loan Request should describe the amount of money requested, how the loan funds will be used, the type of loan, and the amount of working capital you have on hand.
• Collateral: You need to describe which type of collateral will be used to secure the loan. You also need to describe the equity in the business, borrowed funds, and available cash.
• You might also be asked to produce balance sheets, profit and loss statements, proof of taxpayer ID number and personal financial statement.

The lender might also inquire about your personal or business credit. So, make sure to get the latest credit report with accurate information. It is advisable for you to check out your borrowing capacity before you apply for Secured Business Loans. Make sure to make a budget which will help you to figure out whether you can afford the repayment amount or not.

In order to secure the best deal for Secured Business Loan, it is important for you to do a lot of research. Your research will help you to single out the best rate for Secured Business Loans. However, it should be remembered that the rate of interest for Secured Business Loan depends on factors like your credit history, your lender’s terms and policy and the market economy.

About the Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Ask4loan as a finance specialist.

For more information please visit: http://www.ask4loan.co.uk

Due to the revolutionary change in the field of information technology, communication gap has nearly vanished. No distance is now far enough and most of services are now at the tip of our fingers and easily accessible.

In the same manner you can apply for a loan from your house or office and finally get it without repeated physical meeting with the lender. There are Online Loans in the market which you can avail through online application. Along with High Street banks there are lenders who deal with strictly online loans.

Online loans are becoming cheaper day by day owing to the emergence of a number of lenders. Online lenders directly pass their savings to their customers. An online loan is processed very fast. You can perform your works through internet.

You can avail online loan with or without collateral. If you offer collateral you can take online secured loan. It will provide you low interest rate, big loan amount, long loan period and flexibility in the terms and conditions of the loan.

Without collateral you can avail unsecured online loan. It may carry comparatively high rate of interest. This way you can also avoid the risk of putting your property at stake.

Though online loans are quite safe but you have to be careful about few facts. You have to be very careful about your password or PIN number. Even the employees in the banks should not be allowed know about it. Paying through debit card or receiving statements by e-mail may benefit you. But be cautious of any hidden charge.

With all these facilities present in online loans it is far more recommendable to go for online loans. It will help you to save your money and time and to avoid the predicaments of other loan systems.

About The Author:The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting E-secured-Loans as a finance specialist.

For more information please visit:Secured Loan

Online cash advance requirements are very simple and you can easily qualify. With all the requirements fulfilled, your application is usually approved within 24 hours. Basically, there are two main online cash advance requirements:

- You must have a current job

- You must have a valid bank account

Having these, you have just fulfilled the cash advance qualifications for an online cash advance. Now you need to decide only the amount of online cash advance. This, of course, will depend on your monthly income. To qualify for online cash advance, you are not required to undergo a credit check. You may be required to furnish copies of your last paycheck, copies of your latest bank statement, a copy of your driving license, etc. Filling up an online cash advance application does not require more than a few minutes.

Cash Advance Qualifications – A Few Essentials

Other than the above requirements to qualify for online cash advance, you need to have access to the Internet, and you need to be above 18 years of age. There is no credit check, you need not provide any security and you need not to furnish any references.

- You need to have access to Internet, as that is how you make your online cash advance application.

- You need to be above 18 years of age as this is the legal requirement.

- You need to be currently employed, as you will need to supply copies of your latest pay slip.

- You need to have a bank account, as your online cash advance amount will be deposited in your account. In addition, you will pay back your loan through your bank account.

Instant Cash Advance – How Does It Work

You may face a situation in which in which you require cash quickly for an emergency. Applying for instant cash advance may just be the way out. Many online lenders would be willing to provide you an instant cash advance of, say, between $250 and $1,500. In return, you need to provide them with your bank account details or your next paycheck.

Instant cash advance schemes are very similar to payday loans and are legal and above board. They are similar to seeking an overdraft from your bank until the next time you are paid, and cancel the overdraft. Only, instant cash advance is faster.

If you land up with an unexpected bill, you now knows that instant cash advance can be a lifesaver!

With simple requirements you can get fast cash advance within 24 hours. Get instant cash loan with no teletrack no fax required. Are you in Australia? Check out our other articles on cash advance and payday loan in Australia.

After rate of interest, if there is any thing that most people desire for in a personal loan, then it is instant approval. Instant approval of personal loans has different connotations for different people. While for some people, instant approval signifies approval within a day of application; for others, instant approval of personal loans indicates approval within the time promised. This article deals solely with the latter connotation of instant approvals.

At the time of application, many lenders would promise a time frame within which the loan will be approved. Nevertheless, the number of lenders who stick to this time frame is very less.

Approval is a multi-step process, and depending on the time that the lender takes to accomplish each step, the process will be timed. A majority of the steps are justified and are there in order to reveal the credibility of the borrower. Since a large amount of money is involved, personal loans cannot be given without conducting proper verifications and checks. The principal verifications that needs to be performed in a personal loans are as follows:

• Income verification is conducted by demanding the past two W-2 forms. In addition, the last 30 days pay stubs are to be presented to the lender. Self-employed people are required to present the last two years federal tax returns and the profit and loss statement for the last year.
• Assets are verified through two months statements.
• The borrower will also have to give a declaration that he does not owe anything and that all financial obligations have been made on time.

In the absence of such verifications or when the loan provider intentionally omits any of these vital processes, the lender is exposing itself to a greater degree of risk. The lender has a rightful demand thus to charge a higher rate of interest. This is what happens in bridging loans where loan is granted in a very short notice period. These carry a very high rate of interest.

Consequently, personal loan lenders must be allowed a minimal time within which they complete the necessary processes. A proper management of time on the part of the loan provider can save a lot of time involved in approval. The approval time differs with lenders. It also differs with the customs prevailing in a region or place, and with the financial product opted for.

The basic personal loan approval process constitutes the following steps:

• The individual selects the loan that will suit his purpose. There are a number of variations in personal loans and choosing one out of them will be a heady task. Though personal loans can be put equally well to all tasks, it will be better to discuss with experts if there are better financial products available.

• The borrower is sent an application form to be filled with the details of the borrower. Being brief but clear is generally preferred. Easy approval is facilitated if the application form gives unambiguous information. Unnecessary duplication of work is prevented and the offers searched for the borrower easily match the borrowers’ specifications.

• Application process is now completed online. The form duly filled in is submitted by clicking on the submit button on the website of the loan provider. On receiving the application, the lender gives an in-principle decision on the suitability of the candidate for a personal loan. This is just a preliminary approval and decision still needs to be made whether or not the borrower will actually get the personal loan. The in-principle decision is made within 24-48 hours of the application.

• Verifications and checks mentioned above are conducted after an in-principle decision. Property and asset valuation is needed when the personal loan is secured on property or certain assets.

• Once the reports of the verification are received in the affirmative, the personal loan must be deemed to be approved. A formal approval confirmation call is made to the borrower. Along with the solicitors, loan documents are prepared. This is then sent to the borrower to be filled in. The filled in loan documents are sent to the solicitors. This final step leads to settlement and final sanction of the personal loan.

There must be willingness on the part of the borrower to accelerate the process of approval. Many of the processes can be performed more than one at a time. There are another sets of processes that have become superfluous because of the changed circumstances. The lender must identify such processes that can be removed with relative ease. A part of the responsibility for instant approval of personal loan lies with the borrower. By being clear in what they need from the personal loan, and keeping a sufficient time gap between application and approval, they can lessen the perturbations that occur when loan is not approved in time.

James Taylor holds a Master’s degree in Commerce from JNU he is working as financial consultant for chance for loans.To find a personal loan,bad credit loans that best suits your needs visit
www.chanceforloans.co.uk