What Are Loan Brokers?

A lender is a financial institution that makes loans directly to you. A broker does not lend money directly. A broker works with multiple lenders to source deals for prospective borrowers. Whether you use a broker or a lender, always shop around for the best loan terms and the lowest interest rates and fees. We took a look at a common […]

Why Did I Not Get The Advertised Rate For My Loan?

Advertising is a multi billion pound industry, and it is clearly effective. And that extends to the world of personal loans. In a crowded market, it is all important, and the key inducement to potential borrowers is a competitive rate of interest. Rates splashed in big letters on your screen. But this is not the […]

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 […]

Interest Rates Explained

It’s probably the key factor in deciding whether to take out a loan or not. Namely, the interest you have to pay on top of what you borrow. After all, the higher the rate, the less sense borrowing makes. What’s more, it makes repayments harder the more you have to pay each month. Rates can […]

What’s the difference between a soft and hard credit search?

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 […]

How to get car financing with a bad credit score

If you have credit issues and want to get a car on finance, your options may be limited. But there is still hope. How your bad credit rating impacts your chances of getting a car on finance. In a nutshell, your bad credit rating is a score that reflects how good of a borrower you […]

How to Decide If You Need A Loan

Regardless of how well you budget each month and how good you are at keeping track of your money, sometimes the inevitable happens. Problems occur and you need emergency funds. An unexpected bill lands, or your kitchen floods. Your car’s exhaust falls off, or a child needs funds to get by. One way of getting […]

Which Type Of Loan Is Best For Me?

At some point in our lives we may need to borrow money, and not just a quick favour from friends or family, but a proper financial transaction that requires a contract, repayments and so on. As you probably are aware, it is not just banks that grant loans any more. There are loan companies that […]

Are Credit Card Loans Better Than Personal Loans?

When you need to borrow, you might consider a credit card or a personal loan. Credit cards are ideal for short term expenses that you can pay off in a month, while personal loans are best use for long term expenses, financing a big purchase or consolidating multiple debts. Your decision to use a credit […]

Can I get a personal loan with no credit history?

If you have a poor credit score or no credit history at all, you might think getting a personal loan is out of the question. The good news is there are options for you to get a loan that does not require a credit check. Getting a loan without a credit check may not be […]

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