Category Archives: Credit

The words Credit Score examined through a magnifying glass

5 Things Clever People Know About Their Credit Rating

Whether you’re looking to arrange a credit card, a mortgage, loans or car insurance, your credit rating can make a big difference to the deal you can get. However, if you know how credit scoring works, then you can do things to help improve your score. Read on for five things that you need to know about your credit rating.

A Basic Guide to Guarantor Loans

If you have been looking into getting a loan recently but for some reason you have found yourself with a bad credit history, then you might well have come across guarantor loans in your loan search. If you’ve not heard of guarantor loans before now then you might be wondering how they work? Here we’ll give you a brief explanation of how they work and also give you a few things to consider before going down this route.

3 Situations Where you Might be Asked for a Guarantor

If you have bad credit or you are a young person with very little credit history to your name, it’s possible that at some point in your life you might be asked for a guarantor to be provided in order for you to proceed with some financial aspect of your life.

How unsecured loans are being shaken up by peer-to-peer lending

Unsecured loans. There’s a tangible negativity in the name that can easily breed doubt for those not well versed on the subject. Yet any stigmas – or even automatic associations with less scrupulous credit providers such as payday lenders – are often wide of the mark. Instead, most lenders in this market are reputable ones who are offering consumers a financial option if they feel that this is the right thing to do in their current circumstances.

3 Situations Where Getting a Loan Might be a Good Idea

For some people the idea of taking on any kind of debt at all is a big no-no. To an extent I can understand why people feel this way. After all, no one likes to pay interest on borrowed money and if you’re not careful with debt then it can certainly spiral out of control very quickly indeed. I personally don’t feel that all debt is bad though and I even feel that there are some situations where taking out a loan could make good financial sense. Let’s consider 3 such situations.