Credit Card Interest Rates Rise

Credit cards are an integral part of many of our lives. They afford us the opportunity to purchase items in advance of paying for them. But of course for many they are also troublesome and have resulted in many being sucked into a spiral of debt. This is even more the case with the news […]

Things You Should Not Use A Loan For

At Moolr, we are passionate about finding finance for all. We look to say yes to 4 out of 5 applicants, even if you have had a mixed credit history. However, we only source funding for those we think a loan is the best option. It is not the right answer for all, and should […]

Tips If Struggling With Debt

Borrowing money, whether it is from a lender or even from a friend or family member, always relies on trust. Trust from the lender that the debt will be repaid in full. Trust that terms will be kept to. Thus if you are struggling with debt, it can add extra stress to feel that you […]

A Guide To Budgeting

It is an issue Moolr revisit on a regular basis. Those that look to take out loans are by definition not awash with money. But as part of the advice we offer, we always suggest revisiting your finances before committing to a loan. See if you can make savings and free up some money. With […]

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 […]

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 […]

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 […]

Good Debt v Bad Debt

The word debt is often seen as a dirty word. Let’s be honest, we would all prefer to have no debt at all. It is something to aspire to, though for homeowners it tends to be a dream reserved for later in life. But we need to reevaluate what debt is and what it means. […]

Things That Damage Your Credit Score

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, […]

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