Advice When Borrowing Money

We all borrow money at some point, for small and large amounts. It allows us to purchase homes and cars. And not go through a lifetime of saving to get what we need. But there is a lot of ways to borrow, and many get caught in a cycle of debt by doing so. We […]

Different Types Of Loans

In a crowded market, it is easy to be confused by the finance products seemingly available to you. We thought it may be helpful to explain what a lot of these products are. We take a look at different types of loans. Identical Loans With Different Names The fact is that many loans are essentially […]

The Disadvantages Of Consolidation Loans

In our previous article, we took a look at the advantages of consolidation loans. But we do not want to give off the impression that these loans can only be good. All borrowing comes with pros and cons. So we also take a look at the disadvantages of consolidation loans. Disadvantages Of Consolidation Loans – […]

Should I Be A Guarantor?

Guarantor loans are a quite common financial product in the UK, as they provide finance for those that might struggle to get it elsewhere. However, the role comes with risks, and it is not a suitable product for everyone, because of the strain it can put on relationships. We took a look at a common […]

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 […]

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 […]

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 […]

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 […]

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 […]

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