Tackling Adverse Credit: How UK Consumers Can Achieve Financial Stability
With more than 15 million UK adults affected by adverse credit, according to the latest Pepper Money Specialist Lending Study, the impact on financial stability and future prospects is significant. In fact, the number of individuals experiencing adverse credit has reached the highest levels since Pepper Money began tracking this data. But what does this […]
Securing a Mortgage with a Less-than-Perfect Credit History
The cost-of-living crisis and inflationary pressures have significantly impacted people’s finances, making it more challenging to climb the housing ladder. Affordability constraints and a rise in individuals with less-than-perfect credit histories have added to these difficulties. If you’re in this situation, you might be wondering about your chances of getting a mortgage and how your […]
How Your Credit Score Impacts Your Life
It’s probably fairly self-evident that your credit score will impact your ability to borrow. What you may not have realised, however, is just how much it touches on your everyday life. For example, your credit score may influence your ability to get service contracts. This includes rental contracts. It can even influence your ability to […]
What To Do When Someone Owes You Money
Way back in the late 16th century, Shakespeare warned his audience against borrowing from or lending to their friends. “Neither a borrower nor a lender be; / For loan oft loses both itself and friend.” In other words, money can break up relationships. This very definitely holds true in 2022 but sometimes you just have […]
Dealing With Debt Threat Letters
In these days of email and social media it can seem we only receive two kinds of letters, greetings on special occasions, which we are usually happy to receive, and everything else, we’d quite happily live without, junk mail, some bills – and debt threat letters. Here are five tips on how to deal with […]
It\’s Time To Stop Impulse Shopping
At the end of the day, effective money management is largely about effective planning. Impulse shopping clearly goes against this principle. What’s more, impulse shopping can end up being some of the most expensive shopping you can do. Do yourself and your finances a favour and learn to stop it. Here are some tips to […]
What happens if you don’t pay your creditors?
If you’ve taken out credit, it’s probably a safe bet that your creditor has asked you to set up an automated payment for your monthly bill. In principle, this makes sure they can get their money without you having to remember to send a payment. In practice, this only works if there’s money in your […]
How to get a loan when you have bad credit
Bad credit is like a bad smell, it often sticks around for a whole lot longer than you think it reasonably should and while a good hard clean can help, nothing will get rid of it completely until it’s run its natural course. So what do you do if you want, or need, to get […]
The basics of bad credit business loans
Many SMEs are in much the same position as young adults. They haven’t necessarily made any financial mistakes (and if they have they’re probably minor ones), in fact, they may always have managed their money very responsibly, but they simply haven’t had time or opportunity to build up the sort of solid, extended credit record […]
How to repair your credit rating after bankruptcy
Bankruptcy will destroy your credit rating and frankly there is nothing you can do about this. What you can do, however, is work to rebuild it as soon as you can. Here is some guidance as to how to go about this. Check your credit files immediately after you go bankrupt and correct any errors […]