03rd April 2008
Balance Transfer is an opportunity to pay off your credit card debt on a reduced interest rate or without paying any interest, for a given period of time. It is the most common perk credit card companies use to entice new customers.
It is a good perk...
28th March 2008
Payday loans are a type of loan whereby you borrow with the intention of paying back the loan in the short term; the term ‘payday’ infers that you will pay back the loan when you receive your salary.
Payday loans are in a way a modern cash advance...
04th March 2008
Often when people are in need of borrowing, it’s a choice between a credit card and a loan as these are the most common forms of borrowing in modern society.
So which one is the better option? You may ask.
Generally it depends on 2 factors; 1- your cr...
20th February 2008
People with bad credit history are likely to find it difficult to get a loan from a high street lender. Thankfully, Loan options are not limited to high street lenders.
If you’ve experienced credit problems such as defaults, Mortgage arrears or other...
13th February 2008
Summary of credit ratings
A credit rating is a score assigned to each person old enough to borrow money. The score is devised by credit reference agencies (e.g. Experian, Equifax) and consists of a number of between 200 and 800 (varies per agency).
The ...
07th February 2008
Unsecured loans are loans where you don’t need to put up any of your assets as collateral for the loan. For this reason, an unsecured loan might seem ideal since it is perceived to be less risky.
However, there are other issues that should be taken in...
26th January 2008
Many people never bother to keep an eye on their credit rating; some never check theirs at all.
It’s easy to underestimate the value of a credit rating, but in truth; unless you belong in the high-income club and can afford to buy everything with cash...
