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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.
3 Steps to start tackling your debt
Jan 12, 2018
Whether it’s one missed repayment or a tricky debt spiral, seeing the light at the end of the tunnel can be tough when you’re in debt. Yet taking concrete steps like these will help you get there sooner.
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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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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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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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