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

Will your Wonga loan be written off?

Last post: Sep 28, 2018

One of the UK’s best known unsecured loan providers, Wonga, has gone into administration. What does this mean for its borrowers? Will they need to repay their loan? We offer answers and advice.

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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

  • What is RDR?

    Oct 12, 2012

    In the run up to the deadline of the Retail Distribution Review (RDR), Independent Financial Advisors (IFAs) are in the midst of assessing the impact of new regulations and how it will affect the future of the advice they give.

  • Like so many things, the process of applying for a loan has begun to happen increasingly online. Indeed some loan markets, like PayDay loans, now operate almost exclusively online meaning that without access to the Internet and a savvy knowledge of how this world works, you could leave yourself at a disadvantage.

  • Today Shawbrook bank announced that it is increasing the maximum amount it will lend as part of its Platinum loan range with rates starting at 6.9% APR - currently the most competitive in the market - to £200,000 from £125,00 previously.

  • Firstly, before looking at what are the effects of going bankrupt we will briefly explain what bankruptcy is. Quite simply, if you are unable to repay your liabilities within a reasonable period of time then you can apply to the court to be made bankrupt or one of your creditors can request that the court make you bankrupt.

  • The Co-operative bank have today announced that they will no longer offer accounts to undischarged Bankrupts. They say they have taken this decision because there is an “un-level playing field” in the market at the moment.

  • The Secured Loan market continues to grow at pace. The combination of people in Tracker mortgages they don’t wish to refinance and those who have accumulated some adverse credit and so are not eligible for a (re)mortgage or unsecured loan have meant Secured loans have become an increasingly appealing option for many.

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