Universal Credit is a Government benefit scheme aimed at offering financial assistance for people whose income is low or who are out of work. In the current climate, the number of people on Universal Credit is rising, many of whom have never been on it before. One question that people ask is whether it’s possible […]
Your credit score is like a passport to credit in the UK, and that little number can mean the difference between getting a mortgage or a loan and having your application rejected. However, considering it’s an important number in most people’s lives, credit scores are widely misunderstood. Tending to your credit score is an important […]
It can sometimes feel that the internet is full of crooks and scammers. Not a day goes by when most of us receive a so-called phishing email, trying to tempt us to part with our money, or login details for bank accounts and subscription services. Most are fairly easy to spot but succeed by contacting […]
If you’re trying to improve your credit score, it’s important to take into account every detail which might make a mark. In some cases, this could even include your utility bills – how you pay them, whether you pay them on top, and whether you’re on top of them all. Do Credit Reference Agencies Look […]
When seeking financial services from reputable lenders, you are likely to come across mentions of the Financial Conduct Authority (FCA). If you don’t know what the FCA is, then this article will tell you everything that you need to know. Essentially the FCA is a regulatory body that ensures financial service providers adhere to specific […]
UK consumers and businesses now have a clear set of rights that are protected by law. These rights are to ensure that they can buy with confidence, get trustworthy advice and obtain help with any disputed transactions. Who champions buyers’ rights? That would be the Ombudsman Service. This article explores ‘What is the Ombudsman Service?’ […]
Like your birth certificate, your driving licence and your criminal record, your credit score stays with you for life. It’s how finance companies decide whether or not they want to lend you money or set up a finance agreement, such as a hire purchase, and it contains a record of everything you owe, as well […]
When it comes to all things related to finance, it pays to research the ins, the outs and everything in between. This is especially true when it comes to loans; when managed correctly, they can be incredibly beneficial, but if utilised poorly, they can be extremely costly, and can seriously damage an individual’s financial standing. […]
If you are concerned about bad credit and spiralling debt, you have come to the right place. In this article we set out everything you need to know to understand bad credit debt consolidation, and whether this might be the right option for your circumstances. Bad Credit Debt Consolidation Explained As the name suggests, debt […]
Every payday loan lender has slightly different acceptance requirements. Completing some small changes can make a big difference in whether your application is approved or rejected. When you need a payday loan, chances are you need the cash quickly to deal with an emergency or a temporary lack of funds. Some of the things you […]
Despite careful planning of your finances, it is always possible that an unexpected expense could leave you struggling until payday. For those who do not have access to savings or traditional forms of credit, such as overdrafts and credit cards, this can lead to a financial emergency. This is especially true for those with a […]
We are heading into a winter where the only certainty is the cold. Staying warm and comfortable at home is important, but it’s vital to do it in the most efficient way possible. Money is tight for some, while others may be looking at ways to generally decrease their spending or improve their carbon footprint. […]
You may have heard about the phrase “persistent debt” in the media recently – and with good reason. This is because the FCA (Financial Conduct Authority) has recently issued a warning to lenders against a blanket suspension of credit cards to people who are classed as in persistent debt. Persistent debt is the term given […]
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.