How your credit score can affect your chances of getting credit

What is a credit report & score? Credit reports are a record of your financial footprint and public information such as your address. All the information included on this affects your credit scores which indicate the level of risk in lending to you. Lenders will have access to your score when you apply for credit and this will influence their...

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A guide to search credit footprints

When a guarantor lender runs a credit check on your account, they will leave a mark or ‘search footprint’ to confirm that they have looked at your report. This information is updated in real-time by the three main credit reference agencies in the UK: Experian, Equifax and CallCredit and means that other lenders and companies that run a credit check...

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How to reduce your utility bills

Whether you are a tenant or homeowner, paying for utilities is essential. However, the cost of gas, water, heating, electricity and energy for a standard UK flat or home can be enormous. According to The Telegraph, a utilities bill in the UK can range from £900 to £1200 per month for running a three-bedroom home, making up around 45pc of...

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How to use comparison sites effectively

  If you are looking for loans, insurance or energy suppliers, comparison websites are one of the first port of calls for many UK consumers. There are several advantages of using a comparison website including a potential discount for savvy shoppers and the opportunity to see rates from several providers in one place, rather than being limited to one company’s...

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The difference between secured and unsecured loans

  A secured loan involves borrowing an amount of money and ‘securing’ it with a valuable asset such as a car or home. There is a risk of your security being repossessed if the loan is not repaid on time. With large amounts typically borrowed, the lender has some security that they will be able to recover the amount they...

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How to protect yourself from online fraud

With UK households making more and more purchases online and using email more than traditional post, the risk of online fraud is very real. In 2014, a report by Info Security Magazine showed that the UK lost over £670 million in the form of cyber-crime, a figure that is increasing year-upon-year. Online fraud can consist of the following: Stolen bank...

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How PayPoint Works

Although a recurring payment from your debit account is the most common way to pay for a guarantor loan, there are several lenders such as Amigo and Guarantor My Loan that allow you to repay by PayPoint.   PayPoint is a payment facility that allows people to pay bills, utilities and other expenses over a counter. There are over 28,000...

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