Most people at some point have struggled to make ends meet in between paydays. Unexpected costs such as a car repair or boiler breakdown can leave people really struggling. One option is to take out a personal loan. This is a great choice for people who want to borrow over a thousand pounds and pay it back over a longer period. However, that is not always the case as some people just want to borrow a few hundred pounds to tide them over until pay day. This is when payday loans can be an ideal choice. Read more…
All posts in Loans
How lenders give instant approvals on payday loans
Payday loans are an ideal solution if you are stuck for money in between paydays. Often there can be instances when we need money to cover unexpected costs such as a car repair, a vet’s bill or a home emergency problem. You might be lucky enough to have some savings or you may be able to get an overdraft from your bank but for those with a poor credit history or low income, payday loans can offer a solution. Read more…
What are peer to peer loans and how do they work?
There is a way of receiving loans called peer-to-peer lending or peer loans. The top peer-to-peer lender in the UK is ZOPA which first launched in 2005, introducing an accepted alternative to more traditional loans and investment options. Read more…
“Social Lending” the fair(er) alternative
In 2005 when the global economic crisis hit, people were finding it very hard to get credit from the bank or most financial institutions. This lead to a new form of lending called peer loans, or social lending. Read more…
Cash or financing? What is the better alternative?
Many people would like to be able to pay for their car outright as nothing beats the feeling of not having debt hanging over you or having to make a high car payment each month. When you pay in cash, it eliminates the interest and finance costs. There is another good feeling knowing that the car belongs to you and you can do with it as you please. Furthermore, if you want to sell your car then you can do. If you get a car loan the bank will hold the title, which can make the selling process complicated should you wish to get a different car before you have finished paying for the one you have already. Read more…
Buying advice: Understanding car loans and finance
When buying a car there are a number of options available, personal loans, car loans, secured loans, cash or peer loans. The options available to you will depend on a number of factors. Your credit history, savings, loan amount and loan term are just some of them. Read more…
UK personal loan companies – Who is right for you?
Personal loans are for people who want to borrow a lump sum for a variety of reasons. This could be to buy a car, pay off other debt, a holiday of a lifetime, home improvements or for education. Personal loans can be spent in any way you wish, over a varying time frame and at a lower interest rate than other lending, such as credit cards. Read more…
Cheap cash in your hand with a payday loan?
A payday loan is a short term loan, usually quite a small amount, which is meant to help the borrower cover his or her expenses until the next payday. Sometimes these types of loans are known as cash advances. In the United Kingdom payday loans are growing rapidly with four times the number of people taking out payday loans nowadays compared to just three years ago. Read more…
Improve your credit score for a cheaper personal loan
If you are one of the many people who have had difficulty paying bills recently you may be wondering how you can improve the damage suffered to your credit rating. Money lenders look at your credit rating to see if you have defaulted on payments, how much debt you are in or if you have any County Court Judgements. If they see that you are behind with your repayments on your mortgage repayments, your credit rating will suffer and you will find it harder, and more expensive to get credit. If you considering personal loans then the better your credit history the cheaper your loan will be. This is because the better your credit history the less of a risk you pose to the money lenders. Read more…