All posts tagged credit history

Payday loans, the short term cash alternative?

Payday loans

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…

“Social Lending” the fair(er) alternative

Hands symbolizing a network

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?

Pile of pound coins

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

Financial advice

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…

Improving your credit score with a bad credit loan

Newspaper saying "tough times" in big letters

Everyone tends to have to make an expensive purchase at some point. It may be you need a new car or need to so some emergency repairs to your home such as a new roof or boiler. Whatever the reason, it is not always easy to get credit especially if you have a bad credit history. This is worst now more than ever due to the global economic difficulties. Read more…

Improve your credit score for a cheaper personal loan

Letter saying "invoice" on it

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…

Secured loan for home improvement

Couple holding a house key

Most people, when they buy a new house would like to do things to make it their own. It may be an old Victorian property that needs new windows, a modern house that is that bit too small so needs an extension or maybe the kitchen and bathroom needs updating.  There are normally endless amounts of things that can be done to make a house a home and these do not tend to come cheap. Read more…