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 […]
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 […]
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 […]
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 […]
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 […]
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. Advantages Of Using A Credit Card […]
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 […]
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 […]
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 […]
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 […]
In the modern world, we have everything at our fingertips. We can send money, check balances and do pretty much any transaction in seconds at the touch of a button. I can even withdraw money without my cash card. But all this convenience can come at a price. Financial fraud has never been greater, which […]
When you buy something the law gives you certain rights that protect you if it’s faulty, or simply not what you expected. Your rights may depend on where you bought the item and how you paid for it. It’s good to know what you are entitled to – with that in Moolr wrote some brief […]
If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses. After all, you should only pay tax on your earnings, or profits, not on every penny that comes through your business. Moolr take a look at […]
Taking the decision to go from a stable wage to working for yourself is one of the biggest and most daunting decisions you can make. It is also hugely exciting and often liberating. But it is undoubtedly risky, and thus should be done with caution and after much planning. Moolr decided to collate some tips […]
The quick answer is – possibly. Many if not most of us have sold items online at some point – be it eBay, Amazon or similar sites. It may be part of a clear or simply to make money out of something you have purchased. Either way, should the selling become considerable, you are liable […]
Most of us enjoy giving gifts as well as receiving. We take joy and satisfaction in helping others and assisting any way we can. For many though, financial struggles can make you feel helpless sometimes. You feel restricted in how you can help others, as often money is involved, as it usually is in most […]
Even if you are familiar with credit reports, credit scores and more, you may not have heard of Cifas. That is understandable, as not many have! With that in mind, Moolr thought it would be a good idea to take a brief look at credit reports & Cifas markers. What Is It? Cifas is a […]
As you are making out your credit cards and ignoring your bills, it might not dawn on you that your credit could be affected. The timeliness of your credit card payments and the amount of debt you are carrying have the biggest impact on your credit score. Mess up in these areas and your credit […]
For those looking to borrow money, or for anyone who uses finance in their life, credit scores are everything. A good score means you have access to the best deals on the market, at the best rates. A poorer score however means that you will be restricted in what you can borrow. What’s more the […]
A guarantor loan, in principle, sounds like a great option. Somebody close to you that you trust acts as security for you borrowing money. They sign some paperwork and you get much-needed funds. Everybody’s happy. Unfortunately, it is not that simple, and such a deal has many a downfall. Moolr took a look at why […]