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

  • With some banks now charging up to an eye-watering 81% interest on arranged overdrafts, opting for a guarantor loan to cover emergency expenses could be the more affordable option. Here's why...

  • How many of us roll our eyes, giggle self-indulgently and say we're “rubbish with numbers” when confronted by mathematics and finance in everyday life? It's time to stop perpetuating the myth and to start getting financially responsible.

  • A Bank of England survey has revealed that lenders of unsecured loans in the UK are becoming more risk averse, which is putting the brakes on lending. Find out why and get the latest...

  • Second charge borrowing is booming, with more lenders offering secured loans to a diverse array of clients seeking a more convenient way to source finance. So who is making use of second charges and why are these loans on the grow?

  • A successful guarantor loan is a loan taken on by a creditor and a guarantor who fully understand the product they're working with. An informed creditor is more likely to meet repayments and an informed guarantor is more likely to feel comfortable and secure with the process. So what do they need to know?

  • Data revealing the most searched for personal finance queries on Google shines a light on the areas of finance many of us are in the dark about, from how to make money, to what an APR actually is...

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