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 […]
Credit Cards for Not-So-Good Credit: A Comprehensive Guide
If you have a middling credit score or limited credit history, finding the right credit card can be challenging. However, there are options available that can help you rebuild your credit while offering rewards, cashback, and other valuable features. This guide will help you understand what credit cards for not-so-good credit are, which ones might […]
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 […]
Your Credit Score Explained
Your Credit Score Explained: Enhancing Your Financial Footprint Understanding your credit score is key to financial empowerment. It\’s a snapshot of your borrowing history and repayment behaviour, meticulously compiled by the UK\’s leading credit reference agencies: TransUnion, Equifax, and Experian. This score is a dynamic figure, shaped by your credit dealings and financial habits. Credit […]
How To Get A High LTV Mortgage
If you’re trying to get on the property ladder, the standard advice is to get as big a deposit as possible. That’s solid advice but realistically there’s likely to be a limit on what most people can save. What’s more, there are often limits on how much money can be gifted. It’s therefore a good […]
Get Ready For Repayment Hikes
Currently, interest rates are only a whisker above zero. This means that variable-interest-rate debts such as credit cards should be at close to maximum affordability. Barclaycard, however, has decided to increase its minimum repayments. Here’s a quick guide to what this means. The old rules versus the new rules Up until 25th January, borrowers paid […]
3 steps to repairing your credit after bankruptcy
The actual process of going bankrupt may turn out to be a whole lot less painful than you thought it was going to be. That’s the good news. The bad news is that after you are discharged from bankruptcy, you still face the long, hard, slog to restore your credit rating. The good news is […]
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 […]
Repairing your credit rating after bankruptcy
The day you are discharged from bankruptcy can be a very happy moment and it’s certainly reasonable to enjoy it and maybe even have a little celebration. You do, however, have to accept that it is only the first step in the “journey of a thousand miles” back from bankruptcy. Here is a brief guide […]
Debt Lessons
There’s an old joke that the only certainties in this world are death and taxes, but in this day and age, we could probably add debt to the list since most of us will have it at some point in our lives. With that in mind, here are four basic lessons about debt which could […]