The Risks Of Secured Loans

Secured loans should be self-explanatory by their name. They are loans secured against an asset. By utilising this insurance, a borrower is likely to attract better rates. A mortgage is an example of a secured loan, as you secure your payments against the property you find yourself paying off. But there are downsides to such […]

How Is A Credit Score Calculated?

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, […]

Can applying for online loans damage my credit score?

These days, we are so lucky, as consumers, to have such an in-depth choice when it comes to taking out an online loan. Most borrowers will spend time shopping around. They continue until they feel they have found a lender that offers the kind of loans they are looking for. However, it is impossible to […]

Credit Reference Agencies

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 […]

Do short term loans help bad credit?

With Covid 19 causing devastation to the UK economy, many people are looking at ways to “make ends meet”, This is especially difficult with a poor credit score. Short term borrowing such as payday advances can cause more problems than they solve. Do short term loans help bad credit? Is a short term loan really […]

How To Use Credit Cards Responsibly

Credit cards are an integral part of many of our lives. Millions of us own at least one, some owning many more. And for many of us, we sadly rely on them, which can be very troublesome indeed. Keeping that in mind, we thought it helpful to write on the topic of how to use […]

Financial Tips

In the current climate, many of us are having to take extra special care of our finances, as a recession caused by the pandemic inevitably bites. There is never a bad time, but perhaps now is an even better time for some financial tips. Pay yourself first You need to look after yourself primarily, then […]

How To Improve Your Credit Score

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. […]

What Is The Difference Between Good And Bad Credit?

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 […]

Do Consolidation Loans Hurt Your Credit Score?

Consolidating debts into one payment and paying as agreed can help your credit and make budgeting easier – but there are risks as well. Consolidating your debt can lower your monthly payments, but it can also cause a temporary dip in your credit score. Two common debt consolidation approaches include getting a debt consolidation loan […]

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