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

  • Increasing competition in the secured loan market place is pushing lenders to become more and more innovative with their products, reaping dividends for consumers.

  • The recent vogue for "clean eating" can come across as an expensive affair, all about costly, exotic ingredients. But you don't need £50 manuka honey to eat healthily, just follow these tips!

  • British banks have recently tightened up their lending criteria for unsecured loans, reducing access to mainstream products for many UK customers. What has prompted the fresh regulations? Find out more...

  • Fresh data has revealed that older people (above 65) now enjoy the most affordable secured loan rates on the market. The advertised annual rates available to senior citizens are less the half those available to 21-30 year olds.

  • With house prices in many areas of the UK now at an all-time high, getting on that housing ladder is a tougher task than ever before. Would you consider a guarantor mortgage to help you buy your first home?

  • The Bank of England is expected to raise interest rates on 2nd August 2018. These big decisions may seem distant, but they can have a big impact on household finances. What will an interest rate rise mean for your money?

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