Cobra Payday Loans Blog

Setting the right financial mindset from the start
March 7, 2021

Starting Out? Set a Mindset for a Lifetime of Shrewd Finances

Whether you’re a fresher or starting out on your own. Whether it’s your first foray into the big wide world or you’re setting up a new home, flying the nest brings freedom but also the opportunity for your first financial mistakes. Money can be unforgiving. A misjudgement here and there, the temptation to splurge the […]

What to do if you keep being rejected for credit
February 23, 2021

What Should I Do If I Keep Being Rejected for Loans and Credit Cards?

If you are being rejected for loans and credit cards, again and again, we understand it can be difficult to know where you are going wrong. Many credit cards are now marketed as being for those with poor credit scores and offer same day approval and spending. However, where this has not been your experience, […]

How does the four pots method work
February 12, 2021

Could The “Four Pots Method” Give You Total Control of Your Finances?

In terms of everyday banking, most people have one current account and one or two savings accounts. (Not counting shared bank accounts). But did you know that you can actually have as many personal current accounts as you like with the same bank? Ideally, four current accounts? You may wonder why anyone would do that […]

Can I Take Out A Payday Loan On Benefits
January 29, 2021

Can I Take Out a Payday Loan If I Am on Benefits?

Almost all of us need a loan at some point. However, if you are in receipt of benefits applying for a traditional loan with a bank or building society may not be possible. Many of the traditional lending streams are unavailable to those who are on benefits. Yet, some alternative lenders are often willing to […]

All You Need to Know about Guarantor Loans in the Coronavirus Crisis
January 27, 2021

All You Need to Know about Guarantor Loans in the Coronavirus Crisis

The popularity of guarantor loans has skyrocketed in recent years. But the method of borrowing, which involves a third party underwriting repayments, has hit the headlines during the coronavirus pandemic. Why is this, and what options do you have? Guarantor Loans – the Current Picture As the end of 2020 has been and gone, the […]

Dont repent these top money mistakes
January 8, 2021

Je Ne Regrette Rien – Don’t Repent These Top Money Mistakes

Everyone makes mistakes. But money missteps, banking blunders and lending laments can be costly and take years to rectify. Moreover, Britain is in the midst of economic turmoil, with future job losses seemingly inevitable and less household income likely to affect millions due to the COVID-19 pandemic. People of all ages are going to find […]

Is it the end for zero percent balance transfer deals?
December 14, 2020

Deals for Interest-free Balance Transfer Credit Cards Are Disappearing

In 2019, multiple offers were available that allowed consumers to take a credit card and transfer the credit to another card to pay off the balance. Then they would be given an interest-free period in which they could pay back the balance. This was an excellent way for consumers to avoid expensive interest rates on […]

Are we becoming a cashless society
December 7, 2020

Is the Pandemic Pushing the UK Towards Becoming a Cashless Society?

The recent Coronavirus outbreak has altered our lives in many ways during 2020. Still, one of the most significant and potentially long-term changes has been the reduction in the use of physical money. With people now less likely to want to come into contact with banknotes and coinage, the prospect of a cashless society is […]

employee salary advance schemes
December 2, 2020

Are Salary Advance Schemes Just Another Debt Trap?

Increasing numbers of cash strapped employees have turned to salary advance schemes during the coronavirus lockdown. But the Financial Conduct Authority (FCA) has questioned their transparency and the risk that they could push customers into a cycle of debt. Are such plans, which allow staff an advance on their wages, already earned a good idea? […]

16 top tips to help save money at christmas
November 29, 2020

16 Tips to Help You Save Money This Christmas

It looks as though Christmas will be a little bit different in 2020, and though this may well be a disappointing prospect for many people, it may mean that you spend less than in previous years. Thankfully, there are several ways in which you can save money in the run-up to the festive season, which […]