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

  • The New Year can be a great time to take stock of your finances and start with a solid plan. Consolidating debts can be a good organisational step to take if you have multiple outstanding loans.

  • Secured personal loans can provide a lifeline to responsible individuals with emergency financial needs. However, these products aren’t suitable for everyone in every context...

  • With younger people struggling to fund everything from higher education to their first step on the property ladder, many parents are also starting to feel the financial pressure making guarantor loans a more realistic option than a loan from the “Bank of Mum & Dad”.

  • It’s often said that money can’t make us happy. It’s certainly true that money can’t buy us love. But can having our personal finances in check improve how we feel?

  • The Financial Conduct Authority (FCA) has asked UK banks to prove that they are not approving loans and finance applications from consumers with problematic debt.

  • The popularity and availability of second charges is surprising even seasoned finance professionals this year. Following the product’s post-credit crunch rehabilitation, secured loans are proving to be an in-demand option for many clients.

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