Unsecured loans: how to improve your chances of being approved
Unsecured loans are big business. Recently released figures show that consumer credit grew by 9.4% in the first six months of 2017, and much of that is attributable to unsecured loans. With more providers than ever, the days when only a bank, usually your own, could offer you a loan...Read More
Personal loans - your questions answered
What is a personal loan? Is it an unsecured loan? A personal loan is credit advanced to an individual by a financial institution. The term is used interchangeably with "unsecured loan". The two are one and the same. Who is eligible for a personal loan? In general, anyone over the...Read More
Secured loans: is it time to worry?
With leading economists and the Bank of England warning that interest rates may soon be on the rise, it's only natural to look at your personal finances and assess how this might affect you. Those with rather lacklustre savings accounts may feel cheered but, for many, the prospect of higher...Read More
Loans and the Brexit effect
The financial markets have felt the repercussions of the vote to leave the European Union ever since the early hours of the morning of 24th June, 2016. Debated at length in the printed press, online, on the radio, on screen and in most homes and offices, the only certain fact...Read More
Should I consider taking out an unsecured loan?
An unsecured loan, also known as a personal loan, can be a quick and easy way of accessing credit. There is minimal red tape and face-to-face interviews are rare nowadays. Online application platforms have simplified the process greatly, and mean that it is possible to have the money in your...Read More
Unsecured credit explained
Financial terminology can be confusing. Press reports do not always help, sometimes conflating different types of credit or even confusing them. Most people understand that secured credit is credit that is secured against an asset. Usually this is property - typically the borrower's primary residence, provided there is sufficient equity....Read More
Loans: distinguishing fact from fiction
Credit, loans and debt are just some of the words you might see being bandied around in the press with increasing frequency at the moment. It can sometimes be hard to know what to believe, and so we take a look at six common preconceptions to help you distinguish fact...Read More
Unsecured loans: a changing landscape and what we can learn from it
Until recently, unsecured loans were a feature of consumer banking that became known for seeing hundreds of thousands of borrowers weighed down by sizeable fees and rapidly rising interest rates. In the financial crisis of 2008, the cost of these loans trebled within a twelve month period - and this...Read More
Loans, credit cards or something else: what's your best option to cover a cash shortfall?
For all sorts of reasons, many of us find ourselves short of money at times. Looking at why we're short and what we need the money for is the first step to resolving the situation. Living expenses If you're struggling to meet regular living expenses, getting into debt may feel...Read More
You and your credit score
A credit score isn't something many of us think about - at least not until it becomes pertinent. Yet this can be an oversight. Credit scores are one of the chief mechanisms by which banks and other financial institutions judge an individual's creditworthiness. The better your credit score, the better...Read More