Choice Blog

"An investment in knowledge pays the best interest." - Benjamin Franklin.


From personal finance, to funding options, the Choice Blog is full of news, updates, tips and helpful information. Read our latest posts to keep up with the funding options available to consumers and the broader personal lending environment.

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Unsecured Loans

Business is bouncing back, but what’s the cost?

Last post: Feb 14, 2022

Over 1.6 million businesses have taken government backed coronavirus support loans and for most, this would have been to plug a hole and keep bills paid. Many will now be feeling the pinch since repayments have kicked in and are unable to apply for further loan funding for expansion and recovery. If the business is clearly still viable and is able to prove that they have now turned the corner, we may be able to turn to alternative finance options.

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Secured Loans

What do lenders consider when arranging secured loans?

Last post: Sep 20, 2018

Once upon a time, a payslip, a valuation and quick credit search were all that was required to arrange a secured loan (second charge mortgage). Today processes and regulations are, quite rightly, much more stringent.

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Guarantor Loans

How to create a plan that will persuade a guarantor

Last post: Sep 25, 2018

Create a financial plan which shows your prospective guarantor that you’re able to take responsibility for your loan. These helpful tips will help you present your finances in a clear, convincing way.

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Personal Finance

Could the “50/20/30 Rule” save you money?

Last post: Sep 27, 2018

Are you looking to boost your budget and nurture your savings? Committing to a rigid plan can be a helpful way to get serious. The 50/20/30 rule is one popular option which many savers swear by.

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Recent Blog posts

  • Recently released data from the National Association of Realtors in America revealed that the number of existing home sales in the US is rising compared to last year and that prices too are slowly creeping upwards having dropped substantially since the financial crisis.

  • The PayDay loan firm Wonga is now offering businesses loans of £3,000-£10,000 available within 30 minutes and repayable over 1 to 52 weeks. Interest rates start at 0.3% per week (approx 17% APR) and go as high as 2% per week (approx 300% APR) while loans will be repaid in weekly instalments.

  • We recently had a client come to us asking about debt consolidation options and in the course of the answer I realised I was writing a mini Guide to getting finance in the UK so I thought it worth posting in a Blog. Is it easy to get a loan in the UK today?

  • A UK Building Society has for the first time launched a new mortgage aimed at those over 65 that isn’t an Equity Release scheme. It allows eligible applicants borrow up to 50% LTV (max £250,000) over a period up to 25 years and we have access to this limited mortgage product.

  • A new product has been launched this month which allows a Borrower take a Guarantor loan of up to £1,000 but does not require the Guarantor to be a Home Owner.

  • The OFT has published new guidance as to the standards it expects from businesses offering debt management advice or credit repair services to the public. Specifically they have issued example of “unfair or improper practises” which if a businesses is found to be engaging in them could lead to them losing their Consumer Credit License.

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