What Is An Early Redemption Penalty or Charge?

Early Repayment Penalty also refers to Early Repayment Charge (ERC) and indicates a fee you might be required by a lender in case you paid off your mortgage or loan prior to the credit facility’s scheduled term. A redemption penalty is usually equal to one […]

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How To Improve Your Chances Of Getting A Loan If You Have A Low Credit Score

According to This Is Money, approximately 30% of people in the UK are at risk of not getting the best deals when it comes to loans because of their credit rating. The lower your credit rating, the lower your chances of being approved. Thankfully, there […]

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Can You Still Get A Loan With CCJ’s, Defaults Or Missed Payments?

According to figures released by the Office for Budget Responsibility in March 2018, the average household’s debt-to-income ratio has been steadily increasing over the past few years and is set to reach 146% by 2023. Unfortunately, this means the number of people missing payments, defaulting […]

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Can You Get A Bad Credit Loan Without Using A Guarantor?

Last year, one in five people were turned down for a personal loan or credit card. Over 40% of these were rejected because of poor credit. If you were one of those people, and need to take out a loan, you might think your only […]

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What Are The Alternatives To Guarantor Loans?

Guarantor loans are a form of unsecured debt which – as the name suggests – require someone to co-sign your loan application, acting as a guarantor and agreeing to make repayments if you’re unable to. Generally, guarantor loans are for between £1,000 and £15,000 and […]

A Guide To Being A Loan Guarantor

A guarantor loan is an unsecured loan, generally taken out by someone who has a poor credit rating or no credit history. They need a person with good credit to co-sign their application. This person is known as a guarantor and becomes responsible for payments […]

What Is The Difference Between An Instalment Loan & A Payday Loan?

When you need to borrow some money, it can be difficult to know which type of financial product is right for you. There are loads of different lending options available, from mortgages and car finance to credit cards and payday loans and knowing which is […]

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What To Do If You Can’t Pay Back Your Loan

While loans are there to help you through difficult times, keeping on top of payments is especially important to keeping your credit rating secure and ensuring your financial situation stays in tip-top shape. Finding yourself in a difficult financial situation can be incredibly difficult, especially […]

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What Is A Credit Union And How Can I Borrow From Them?

Credit unions are community-based financial institutions that are owned and controlled by their members. Traditionally, they were set up by groups with a common bond, e.g. workers, trade unions or people who all lived in the same area, but this changed in 2012 and now […]

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What Are Doorstep And Home Credit Loans?

Doorstep and home credit loans are one in the same thing, a way of lending money without having to apply to a bank, building society or credit union for a loan. Instead, loans are provided by home credit lenders who visit you at home to […]

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Loans For Older People – What Are Your Options?

With the life expectancy of people in the UK increasing on a yearly basis, more and more older people are searching for money to help see them through retirement and beyond. Unfortunately, getting a loan as an older person is difficult to do from standard […]

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Loan Sharks – What Are They And How To Avoid Them?

Finding the money to deal with unexpected costs in a time where peoples’ financial situations are at their worst is tough. Often, people will undertake desperate measures to make sure that they don’t go without. More and more people are opening themselves up to the […]

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How To Get A Loan After Being Refused Credit

Being turned down for credit can leave you wondering where to turn to next. If you are in a situation where you need to borrow some money, getting refused credit can be very frustrating, and leave you feeling as though you are out of options. […]

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How To Borrow Money Without A Credit Check?

If you have a poor credit rating and are unable to resolve it quickly, it can feel like you have no options when it comes to borrowing money. It is possible to get some forms of finance without the lender having to run a full […]

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Peer To Peer Loans Explained

Getting on top of your finances in an economy such as ours can prove to be a difficult thing and the number of people requiring alternative methods of funding has increased exponentially. Borrowing money in a wide range of different ways has never been easier […]

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Debt Consolidation Loans [The 2018 Expert’s Guide to Successfully Consolidating Debt]

Having a range of different debts in various forms and across an array of lenders can be difficult to manage. Even the most organised of individuals can struggle to keep up with repayments on multiple debts and accidentally missing one can have a huge impact […]

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