You’ll find the basics on loans and borrowing here, including everything from types of loans and how they can help you, advice on improving your credit score to a financial dictionary that explains everything without the usual credit and loan jargon.
What is a credit score?
A credit score is a figure a lender calculates when deciding whether to make a loan to a potential borrower. Think of it as a cross between a grade for how you’ve been handling borrowing and a prediction for how well you’ll manage a loan in the future. Not all lenders will use a credit... Read more
What should I do to manage my money better?
First, take a deep breath. The first thing you need to do when you want to manage money better is to actually look at your finances. If you don’t balance your outgoing spend with your income, you will begin to struggle to make ends meet, and if you turn to short term fixes such as... Read more
Which credit option is best for you?
There are many different credit options out there: from credit cards and payday loans to second mortgages and remortgaging. With so many choices, how are you supposed to know which is the best credit option for you? In order to help you make the decision that’s right for you, we take a jargon-free look at... Read more
What’s the difference between a credit score and a credit report?
They both show how you handle credit, but one’s a grade that’s shown as a numerical figure and the credit report is a summary of how you’ve been handling credit. Let’s take a look at credit scores and credit reports in a bit more detail. Credit score A credit score is a number calculated by... Read more
What do I need to know about joint finances?
Choosing to jointly manage your money is a big decision, but what exactly are joint finances and what are the consequences of having them? A quick overview of joint finances Although it’s not particularly romantic, one of the potential first signs that you’re making a serious commitment to each other is to have joint finances. If you... Read more
Beat the scammers and stay secure online
Online shopping has transformed the way we live, making it incredibly easy to do everything from finding a great deal on a loan to saving money on the latest technology. Yet, sadly, there are people out there who are constantly trying to ‘scam’ you out of your money and steal your credit or debit card... Read more
How to turn a mountain of debts into one smaller monthly repayment
If you are struggling to repay many different debts and own your own home, you could qualify for a type of loan to transform things. It’s called a consolidation loan and it may quickly: Reduce the amount going out from your account each month Leave you with just one monthly repayment to manage Reduce the... Read more
What does APR mean with loans and mortgages?
If you’re looking to borrow money in the UK, using anything from a mortgage or remortgage to an unsecured loan or secured loan, you’re absolutely certain to come across the term ‘APR’. But what exactly does it mean and why is it important to understand it? APR defined APR stands for Annual Percentage Rate. It’s... Read more
7 random things that can hit your credit score
Ever checked your credit score only for it to be lower than you’d expected it to be? Well, it’s surprisingly easy to hurt your credit score without realising you’ve done anything to impact it, including: 1. Not paying parking tickets on time So you just had to park on double yellow lines and the next thing you... Read more