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3 in 5 Brits unaware of their loan’s interest rates
Feb 23, 2018
Fresh research has revealed that many Brits are still living in ignorance of the interest being charged on the loans they are using, with many prioritising acceptance over finding a good deal.
The Financial Conduct Authority is investigating some second charge lenders who may have offered secured loans to borrowers on the basis of falsely inflated incomes.
An extensive survey by VoucherCodes has revealed that British consumers are feeling increasingly optimistic about their personal finances. But is trouble on the horizon?
Unsecured loans set to become tougher to access
Feb 7, 2018
As personal loan debt rises in the UK, lenders are set to become more cautious about approving unsecured loans. Get the latest…
Taking on a guarantor loan means promising your nearest and dearest that you will be able to repay what you owe. But what happens if you find yourself unable to honour that promise? Our experts explain...
Requesting a quote for a loan can result in damage to your credit report. When lenders carry out “hard” checks, it leaves a mark on your credit file. Too many of these can damage your rating overall. Here’s how to avoid the issue.
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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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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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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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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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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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