How to Effectively Use Short Term Loans

If you aren’t in a position to save, don’t have emergency cash to fall back on, and payday is still some way away, a short term loan – also known as a payday loan – might be worth considering. Short term cash loans can provide the financial flexibility you need to ensure your affairs are […]

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 […]

Reasons To Consider A Short Term Loan

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 […]

What Can You Do When You Can’t Make a Loan Payment?

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 […]

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 […]

What are the main disadvantages of having a bad credit score?

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 […]

Why You Should Avoid Guarantor Loans

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 […]

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 […]

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