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

  • This week has seen a couple of big developments in the world of loans, with two of the biggest suppliers making massive changes to the services that they offer. Both Nemo and Spring Finance have either added to an existing loan offer or, in the case of Nemo, introduced a completely new product range.

  • Irish bankruptcy tourism is becoming a thing

  • The Euro crisis hasn’t been bad news for everyone. For UK residents looking to buy a holiday home in France, the combination of a weakening Euro, a soft French property market and now the availability of low rate French mortgages has meant this purchase has never looked so attractive.

  • To many people working out whether they are a good credit or a bad credit seems like a black art. Though they may feel they have been an upstanding, law-abiding citizen they are sometimes surprised to find out they have been declined for credit and wonder what they have done to damage their rating.

  • Despite the protracted history between the two nations - and this month’s European football championships notwithstanding - it seems the British love for France and the French way of life remains strong if the trend of UK nationals buying second homes there is anything to go by.

  • The competition in the personal loan market is (slowly and finally!) heating up. Today Tesco have announced a cut to their personal unsecured loan rates with the rate for loans from £5,000 to £7,499 falling from 8.3% to 7.8% and rates on loans from £7,500 to £15,000 falling from 6.1% to 6.0% - a new low for loans of this size in the market.

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