Differences Between Building Societies & Banks

All of us know about the existence of building societies and banks. But have many of us ever stopped to consider what the difference between the two are, when they both have so many similarities? Moolr stopped to give it some thought and looked at the differences between building societies and banks. Common Ignorance Not […]

How do loans affect credit score?

Loans – and how you manage them – are the most important factor in your credit. But credit is complicated, and depending on the state of your credit, you might wonder if loans help or hurt your credit scores. New and existing loans can affect your credit in several ways. Moolr take a look at […]

Tips To Sell Online

Selling items online is a great way to either get rid of unwanted items and make a bit of money or for earning a regular income. It is not easy to get yourself recognised online though. It is a crowded market with everyone fighting for space. Moolr took a look at what is involved, and […]

How Long Should My Loan Repayment Period Be?

The ideal loan term is subjective. You’ll need to figure out how much you can afford each month before determining how long your loan should be. Loan terms can range from a month to five years or more. Shorter loan terms lead to a higher monthly payment, and usually higher interest rates, Moolr ask the […]

Reasons To Consider A Short Term Loan

Short term loans are very popular in the UK. Lenders offer a simple and quick way to cover a gap in household or personal budgets. They can help whether you’re having a tight month in terms of budgeting, or you’re finding yourself facing an unexpected expense. There are many reasons to think about short term […]

Advantages Of Using A Credit Card

Credit cards are everywhere in the modern world. Most of us own at least one right now. Whilst they are a very useful tool for those looking to make purchases, they do not come without risk. Nevertheless, when used correctly, the advantages of using a credit card are many.  Spreading purchases out With cash you […]

How to use a credit card effectively

Credit cards are one of the most ubiquitous items on the market in the UK, and perhaps globally. We all know about them, and most of us have had at least one at some point. Well done if you have not! But whilst they have been of great benefit to millions, they have also had […]

What Can You Do When You Can’t Make a Loan Payment?

Sometimes life brings big surprises. If you can’t make payments on one or more of your loans, its best to take action sooner rather than later. It’s important to act quickly and not turn a blind eye if you can’t make a loan payment. Moving quickly helps you minimise the damage to your finances. Perhaps […]

How Credit Scores Affect Interest Rates

It is a primary concern for those with a mixed credit history when considering applying for any type of finance. Not only the prospect of being declined for a loan, but also the possibility of any loan coming with higher interest rates. Moolr have taken a look at how credit scores affect interest rates. Your […]

Ways to Avoid Using Your Overdraft

An overdraft is a handy tool for many of us that allows us a bit of leeway when money is tight. It feels almost like a free loan until you are back on your feet. However, it is important to be aware that using an overdraft is usually not free and can be a gateway […]

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