Payday Loans can be a good option if you need money in a hurry and understand the repayment costs and repayment period. Payday loans are not for everyone, and for many people there are cheaper ways of borrowing. However, as not everyone can access credit from high street lenders such as banks, and in these situations a payday loan may be suitable.
Those seeking a loan know that lenders review their past credit history. Many lenders decide whether or not to approve you for a loan by checking your credit score, but may also consider your income and other factors as well. Not all lenders are willing to provide loans to borrowers with poor credit. Lenders willing …
The Office of National Statistics (ONS) reports that households in the U.K. are increasingly experiencing stress involving their personal finances. In 2017, the average household had roughly £900 more outgoing than they received as earned income. Approximately 53% of those between the ages of 22 and 29 have no money saved. Many factors contribute to …
An estimated 8 million U.K. residents are struggling with some form of excessive debt and routinely miss payments for obligations. Projections from PwC show that by 2020 each household will have accumulated £12,500 in unsecured debt. It is estimated that only about 20% of these individuals faced with large debt seek advice from others. Those …
The end of the year holiday season is almost here. Many people will be spending money as they purchase gifts and travel to visit friends and family. British consumers spend over £390 each just for Christmas alone–a total of over £14 billion. An estimated 42% of consumers make purchases on Black Friday and another 25% …
There are a variety of different forms of loans and purposes why they might be obtained. Most types of loans can be separated into secured or unsecured categories. A secured loan is linked to some form of collateral such as a house or a car. This allows the lender to take possession of the collateral …