Welcome to our blog
3 December 2019
There are two main types of loans – unsecured and secured. Here’s the lowdown on both. Unsecured loans are when you borrow money from the lender and agree to pay it back over a set period. With this type of loan, your belongings aren’t used as part of the application.
26 November 2019
With huge costs, endless presents to buy and a Christmas gift list that keeps on growing, this time of year can be daunting for those on tight budgets. But with some small changes, you can forget about your money worries, take back control and stop feeling pressured into spending more than you can afford during the festive season.
19 November 2019
If you’re struggling with debt, remortgaging could help you pay off existing loans, but it’ll probably cost you a lot more in the long run. Before you do anything, get free, confidential advice from a debt advice service to see where you stand and what your options are.
12 November 2019
After the Bank of England increased the base rate to 0.75% in August 2018, a number of high-street banks started to increase their savings rates, meaning it’s a better time to open a savings account now than it has been for several years.
4 November 2019
With energy costs always on the up, Britain’s households face a battle to stay warm every winter. But rather than turn your radiators up to the max, here are 8 ways you can stay toasty without shelling out too much.
29 October 2019
When you want to take out a loan, banks and providers will look at how much you earn and your past borrowing habits to decide how likely you are to meet repayments and pay the loan back. The better your credit score and financial situation, the better loan interest rate you’ll be offered.
14 October 2019
Historically every time you apply for credit, be it a credit card or personal loan, the lender will check your credit history before making a decision over whether to lend the money to you or not.
10 October 2019
If you’re thinking of buying a car, you’ve probably come across 0% finance deals. But what are they and is it all a bit too good to be true? Before signing up for any finance, it’s important to research every deal and make sure you’re equipped with the correct knowledge.
3 October 2019
If you’re struggling to pay off debt, you may have been issued a default notice by a lender. These appear on your credit file and usually happen if you’ve been unable to make your repayments or you’re making them late on a regular basis. Here we look at what you can do if you have a default and what kind of credit you might be able to apply for with one.
23 September 2019
A joint mortgage is a loan taken out by two people who want to buy a property together. Everyone named on the mortgage is responsible for repayments, but you can choose how you share the equity.
2 September 2019
Credit cards work in the same way as debit cards but the money doesn’t come directly out of your bank account. Instead, you’re allocated a set amount of funds within your credit card account - known as your credit line - which you can spend as you wish.
29 August 2019
There are currently three credit reference agencies in the UK - TransUnion, Experian, and Equifax. All three use various methods to calculate your credit score, meaning there isn’t a universal credit score.
27 August 2019
The date you start repaying your student loan and how you’ll have to pay depends on which repayment plan you’re on and the interest rate. The amount you repay changes in April every year and you’ll also stop repaying if your income drops below a certain amount.
23 August 2019
Payday loans are short-term loans designed to help people until their next payday. The money is paid directly into your bank account and you repay the money in full with charges and interest at the end of the month.
21 August 2019
Personal loans can be taken out for any number of things, be it a wedding, new car or home improvements. There are lots of different rates on offer, and before you apply it’s worth taking a look at your finances to see how much taking a loan out will cost you, and how long it’ll take before you can pay it back. Here are five steps to finding the best personal loan for you.