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

  • Are you repaying several debts all at once? Chances are, you're struggling to keep up. Juggling multiple repayments can be tough, even when you've got the funds. That's why consolidating your debts with a new loan could be a good option. Here's why – and how it works.

  • Secured loans can be very helpful products for individuals with a less-than-squeaky-clean credit record who, nevertheless, have the means to repay their loan and an asset to secure their borrowing against. Considering it? Here are three important questions to ask yourself before going ahead.

  • While your nearest and dearest may be eager to help support you by acting as a guarantor for your loan, there are a few cases in which some individuals may not be able to be your guarantor. Here's a helpful checklist...

  • How did you learn about managing your money? Chances are, it wasn't at school. So do you think personal finance should be on the national curriculum? Or do you think youngsters should be protected from money worries for as long as possible?

  • While many Brits wouldn't bat an eyelid at making use of their overdraft, most of us would give an unsecured loan much more thought. Yet, over time, a loan can be more cost-effective than delving into your overdraft. Here's how to crunch the numbers...

  • Many brokers and consumers have an adverse view of secured loans, based on misinformation and misconceptions, which may mean they're missing out on better terms and deals.

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