Credit scores are important for any of us wishing to utilise credit options for a variety of reasons. You need a fairly healthy report to get a mortgage, credit card, loan and more. So if you have a poor score, you need to work on improving it. We take a look at how to improve […]
The smallest requirements for borrowing vary between lenders. They can be the difference between rejection and approval of your loan. Yet, there are a few things that will help you get your loan approved. Read on to learn more as we examine a common question. What credit score do i need to get a payday […]
Nowadays credit scores and ratings are something that we are more aware of than ever. Not least because the credit crunch made more people apply for credit. However, lenders are rejecting more applicants than normal because of the reluctance to lend as much. Thus it makes us feel as if lenders are rejecting us all, […]
Credit reference agencies. We hear them mentioned in passing a lot, and for those of us who have borrowed money, they are very important in our lives. But how much do we actually know about them? We decided to delve further. Credit Reference Agencies. Who Are They? There are 3 main credit reference agencies in […]
We are often asked about credit scores by customers and those looking to borrow via a personal loan. Many worry that their score is not good enough to borrow. Some ask if applying will affect their rating. We take a look at what is entailed, and mainly we examine how to improve your credit score. […]
Credit, especially good, is very important. It affects almost every major buying decision. It can help us get a good rate on a card, car loan or home mortgage. It can also help us when it comes time to sign an apartment lease agreement or maybe even get a new job. But how do you […]
Moolr have talked at length on this site about credit reports and credit scores. Their importance and what they mean to you. But another aspect that matters to many is who is seeing their personal, financial information. It’s a valid concern, so Moolr decided to answer the question – who can look at your credit […]
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 […]
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 […]
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 […]
When you apply for a loan, the lender will almost certainly carry out a credit search. There are two types of credit searches. Firstly, a ‘soft search’ and also a ‘hard search’. These searches can affect your credit report in different ways. Thus, it is useful to understand the difference between a soft and hard […]
It is an extremely common concern of those looking to borrow money that their credit score may prevent them from doing so. The current economic climate does not help. Banks have seemingly become more reluctant to lend money, though other lenders are less so. Unfortunately, if you’ve got anything less than a spotless credit rating, […]
For those that wish to borrow money, the state of a person’s credit score is crucial if they are to be accepted for a personal loan. It is not surprising therefore that a lot is written about how to improve a credit rating, or maintain a good score. However, not all the advice is pertinent, […]
There are many benefits of having a good credit score, such as enjoying a lower interest rate on your credit cards and loans. A good credit score also allows you to save money on insurance and security deposits on new utilities and cell phone service. Using your credit wisely and responsibly is what helps you […]
I recently looked at how you could maintain a good credit score. It is a question that we are asked a lot at Moolr. But there is another question that is asked even more frequently. How to improve a credit score?This is not surprising. Having a bad personal credit score can place a lot of […]
It’s possibly the most common concern of people that contact us about the possibility of obtaining finance. Apart from asking how they can improve their credit rating or score, they ask how a good score can be maintained. A common concern also is that taking out finance and having checks done reduces your score. With […]
Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future. Some lenders dislike those odds and choose not to work with individuals whose FICO Scores fall within this range. A 658 credit score may not suffice for many lenders.Lenders focused on “subprime” borrowers, on […]
What steps can be taken to fix your credit score? It’s a question we are asked a lot here at Moolr, but what can you do? Give yourself far better interest rates, as well as more chance of being able to take out a loan. It is possible. Find out when you read on how […]
Your credit score is, without doubt, the most vital part of being able to take out a loan. If you have good credit then it will appear to be far easier to be able to take out a loan as it will show that you have a good history of paying off your debts. Meanwhile, […]
Clients ask us a lot about credit scores, and how it may affect their ability to borrow. So we thought it apt to take time out for answering credit score questions. What is Considered a Good Credit Score in the UK? This is a great question, and one of the more common questions asked by […]