If you’re looking for a bank account but have had credit problems in the past, you will probably already be aware of the difficulties of getting something as simple as a bank account. Let me assure you, you’re not alone. Read more…
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Pound to Euro exchange rate – Good news for UK holiday makers
The New Year has brought good news to those British holiday makers who have been avoiding Europe due to the poor Sterling – Euro rate. Previous exchange rates have made holidaying in our European countries an expensive option. The good news is that the pound has now hit a fifteen month high with one pound now being worth one Euro twenty one. Read more…
How does a Debt Relief Order (DRO) work?
When you seriously can’t afford to repay your debts then one option is to apply for a debt relief order, or DRO. This is a cheaper alternative to going through bankruptcy procedures if you have debts of less than £15,000, have a low income, little equity and there is no prospect of things improving. It is effectively a way of clearing debt within a year without having to attend court, pay your creditors or declare yourself bankrupt. This type of order is approved by the Insolvency Service and is part of a debt management plan. 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…