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
Age and personal loans
Personal loans are a popular product. Requiring no collateral, they are potentially available to a far wider slice of the population than secured loans. However, there are several hurdles to pass before you can be accepted for a personal loan. First, you need to have reached the age of majority:...Read More
When are unsecured loans a good idea?
This is something of a trick question. Whether or not an unsecured loan is a good idea very much depends upon an individual's personal circumstances. Moreover, what may be the right option at one point in time may not at another point. An unsecured loan can seem like an attractive...Read More
Business loans - secured or unsecured?
Unsecured loans are an important part of the financial sector and can enable individuals without significant property assets to access credit. An unsecured loan is not popularly known as a personal loan for no good reason. These loans are intended to finance personal, or private, needs. Common reasons for seeking...Read More
How to look for a personal loan without damaging your credit rating
Personal loans are a growing industry. Recent statistics from the Bank of England suggest that one in ten Britons currently have such a loan. £10,000, borrowed over a term of four years, is the average loan. That's a fair amount of debt, both in individual terms and when extrapolated across...Read More
Loans: evolving with the times?
In an ideal world, there can be few of us who would choose to have debt. However, with the advent of universal student loans for those in higher education, not to mention the skyrocketing cost of living, debt has become an everyday affair for millions of Britons. In previous decades,...Read More
Unsecured loans and credit ratings
Unsecured loans, also known as personal loans, form an industry that is worth £26 billion a year. This is a considerable amount of debt and current indications are that it is rising, as consumers seek to finance both big ticket items, such as cars and home renovations, and general living...Read More
Missing a payment: the potential cost of falling behind with unsecured loans
Sometimes the devil fools with the best laid plans and life doesn’t run as smoothly as we might hope. If something goes wrong and you need instant access to ready cash, you might find yourself unable to pay the next instalment of your personal loan. It’s something which concerns very...Read More
Should I fund my summer holiday with an unsecured loan?
We’ve reached the time of year when people are turning their thoughts to summer holidays and booking those last-minute breaks when the weather brightens. If you’re in a vacation mood but are worried you don’t have the finances to cover the cost of a week or two somewhere exotic, would...Read More