Having a good credit score is so important when it comes to being able to get loans at decent interest rates, getting a car, getting a mortgage or even obtaining any money in general. Having a good credit score can mean the difference between getting the money you may need and being able to borrow less money (if any at all) at a much higher interest rate. When checking your credit, try to do so by using a company which will show you the top 3 credit unions to give you a better idea of where you fall on the credit spectrum. Read more…
All posts tagged credit score
Eight Surprising Side Effects of Good Credit
Of course everybody knows the main benefits to having good credit history and a solid score: lower interest rates on loans, which can save anywhere from hundreds to thousands over the course of the life of a loan. And of course, we all want low interest rates when it comes to mortgages and car loans. 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…
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…
Improving your credit score with a bad credit loan
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…
Ways to get out of the “bad credit spiral”
When credit became easier to get hold of many people just kept borrowing more and more money. Transferring balances from credit card to credit card, taking out loans, using overdraft facilities, it was an easy thing to do. When the recession hit, people were being made redundant or at best weren’t getting a pay increase. With the other costs of living such as food and energy increasing rapidly, money has become short for many. The debts however mount up rapidly and all of a sudden people were finding themselves in a lot of debt without a way of repaying their monthly outgoings. 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…