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A Users Guide To Payday Loans

Payday loans are designed to be short term – to offer you a small amount of cash to tide you over until payday. The size of the loan is usually between £50 and £1,000 and is designed to be paid back with 30 days or 60 days. They are useful in helping you cover unexpected...

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A Guide To Small Business Loans

Trying to get finance for a small business is much easier if you know the options available – read on to get a run-down on the possible sources for a loan. Stephen Pegge, head of external affairs at Lloyds TSB Commercial, has said that most requests for funding made by small businesses are successful. That...

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The Beginner’s Guide To Personal Loans

A loan may seem like a simple product: you borrow an agreed amount from the bank and pay it back – plus interest – over time. But lending money can be a risky business, and there are pitfalls which we should all try to avoid. It’s also important to ensure you find the best deal...

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A Guide To Unsecured Personal Loans + Best Deals In The UK This Month

When it comes to borrowing money, no two loans are the same. Unsecured Loans are those which do not require you to guarantee the loan against your property or another asset.  Often called personal loans, they are available through banks and other lenders and offer the borrower between £1,000 and £25,000. These are traditional loans provided...

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The Best Credit Cards For People With Bad Credit Scores

When you apply for a credit card, the company will calculate a credit score for you. This is designed to reassure them that you are a responsible borrower and will be able to repay what you owe. Credit scores are calculated using data from several sources including credit rating agencies, your application and any past information...

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A Guide to Car Finance and Where to Get the Best Deals

Don’t put off buying a car because you’re afraid of the car finance maze. Instead, get in the driving seat and secure the best possible deal. Don’t panic if you don’t understand the difference between a personal contract plan (PCP) and a hire purchase agreement, or don’t know the pros and cons of taking out...

Your credit rating’s incredibly important. Basically, it determines how likely you are to be given credit when you apply for it – which covers everything from an extension to your overdraft, to applying for a credit card, to getting a mortgage. Your credit rating is supposed to show how risky a prospect you are when it comes to granting you credit. It’s determined by you past history of repaying debts properly on time, whether you have any County Court Judgements against your name and a variety of other things. Improving your credit score is essential for your long term financial stability, which is why we’ve compiled a handy list of tips below to help you do just that. 1. Pay debts on time Any time you miss a payment on a debt you owe, it’s recorded on your credit file and negatively impacts your credit rating. The single best thing you can do to build and maintain a good credit rating is make sure you pay your debts in full and on time. 2. Stop applying for credit Applying for a lot of credit at once makes it look as though you’re desperate for credit, which automatically rings alarm bells for lenders. If you’ve made a string of applications recently, try to give it some time before you make any more, to make sure your credit rating doesn’t suffer. 3. Get on the electoral register If you’re on the electoral register it means that lenders can verify that you live where you say you do, which gives them peace of mind and ultimately improves your credit rating. Getting on the electoral register is incredibly simple and can be done online in a matter of minutes. 4. Cancel unused credit cards When establishing whether you should be given credit, lenders will look at the amount of credit you have available to you and use that in their decision. If you’re not using your credit facilities on a regular basis, they’re less likely to approve your application. Cancel unused credit cards to give your credit rating a boost. 5. Use a prepaid credit card Some prepaid credit cards have a credit builder option. This usually means that the credit company will lend you £60 for you to pay off in twelve monthly instalments of £5 each (excluding fees). If you make all your repayments on time, this will show up on your credit report as twelve successful monthly repayments. This can be a great option if you’ve struggled with a poor credit rating or bad debts before. 6. Time your credit applications How often you apply for credit makes a real difference to your rating. It’s worth planning your applications in advance – so if you know you’re about to apply for a mortgage, do that before you take out a new phone contract. Prioritising is important to keeping your credit rating healthy. 7. Save save save! If some of your savings are able to cover your debts, that helps show lenders that your debt is at a manageable level and that you’re a less risky option when it comes to granting you further credit – the more savings you have the better!

A Guide to Business Current Accounts

A business current account is an essential part of running a business, so it is important to choose an account that is convenient and affordable. This guide to business current accounts will help you to choose an account that is well suited to you and your business.     Why You Need to Choose Carefully...

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Understanding Income Protection Insurance

  In an uncertain world where there is no such thing as a job for life, it makes sense to protect your income with the right insurance. Income Protection Insurance (IPI) is a type of insurance policy designed to provide you with an income of up to 70% of your regular income in the event...

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A Guide To PPI Claims – Time Is Running Out.

Time is running out for consumers to make PPI compensation claims. If you feel you may have a valid claim you should start the process now. New rules may stop you from claiming mis-sold PPI. This guide helps you determine the validity of your PPI claims. It is a well-known fact that many lenders sold payment...

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How To Get A Free Credit Report And What To Do With It

A credit report is a detailed report of an individual’s credit history. Credit rating agencies collect information and create credit reports based on that information, and lenders use the reports along with other details to determine an applicants’ creditworthiness for a loan, mortgage or credit card. Lenders will generally use one of three credit reference agencies – Equifax,...

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