Welcome to our UK personal loan
advice section. In this group of articles we hope that you will
find many useful articles and pieces of information that will
help answer any questions that you have regarding UK personal
loans, secured loans and even individual loan terms.
The advice here is only a courtesy to our visitors
and by no means should be construed as financial advice, before
entering into a binding contract you should seek an independant
financial advisor.
Loan Comparison
How To Choose The Perfect Loan
There's often a reason to borrow some money. Maybe a family wedding is coming up, a child is off to university or you need to make some much needed improvements to your home.
Loan Advice
Know Your Credit Rating
Have you ever wondered why one company may be willing to lend you a substantial amount of money while others refuse you completely? The answer lies in your credit scoring.
Why It Pays To Keep Tabs On Your Credit Report
Your credit report is a key factor in whether you get accepted for credit or turned down flat. That's why it's so important to know what information it contains. It's even more important to make sure that information is right.
Payment Protection
Insurance
Taking out a secured or unsecured personal loan is a popular choice
for many people to fund all sorts of things. Holidays, car purchases
or home improvements are just a few of the many things the British
public will use a personal loan to finance.
What
does APR stand for?
One of the most important factors to look for when assessing
companies with whom to take out a personal loan is the APR or
annual percentage rate. It is simply the amount of interest
on the loan you will have to pay in order to borrow (a 'service
charge' if you will)
What
goes into a credit score / my credit history?
As discussed in the previous article lenders will check your
history to see how you perform with credit and finance. But
what is noted down in this file, what information is pertinent
and what is not? Here we will give some details on notes and
features likely to be within your historical file.
To 'consolidate' basically
means, to group a range of different things together. When
we are talking specifically about finances and loans consolidating
debt is to bring various lines of credit and monies owed together
under one payment
How
to find the cheapest loans
Finding the cheapest loan will depend on both your circumstances
and the type of loan you wish to take out. Obviously a loan,
like anything else, will vary from type to type with the company
behind the finance assessing each customer on a case-by-case
basis.
Home
loans - how they work
A home loan or mortgage will often be one of the biggest financial
commitments in a persons' life. With house prices in the UK
having risen for the past few years the finance taken out
to enable this purchase has grown with it.
Factors
in a loan application - Importance of your Credit Rating
Your credit history is seen as very important to the loan
provider, be it secured or unsecured finance. It basically
covers how a person (such as applicant for a loan) has used
credit in the past
Time is Money
All loans come standard with an interest rate. There are various
types of interest rates. Your rates can fluctuate over time as
you pay on your loan. Let’s look at a few types of interest
rates and how these rates can change over time.
9 Things You Must Do to maximize
Your Chances of Obtaining a Small Business Loan
Are you starting a new business? Do you need a loan for your current
business? You may be considering applying for a small business
loan. Getting a small business loan is not always easy but there
are things you can do to increase your chance of getting approved
for the loan.
Top 10 Ways to Avoid Loan Fraud
When you are looking for a lender for a mortgage or other loan
be careful to evaluate each lender and what they have to offer.
Do not become a victim of loan fraud.
Comparing The True Cost Of Obtaining
A Home Loan
When you decide that you are in the market for a new home or when
you find that home of your dreams, it is important to talk to
a couple different lenders before obtaining a loan.
Business Loans that Are Easier
to Obtain
Small business loans are not often easy to obtain. Lenders can
see small businesses as a huge lending risk. There are some ways
to obtain financing and credit for businesses that are easier
than others.
Three Largest Factors Affecting Your
Interest Rates
Lenders may take into consideration several different factors
when determining the interest rates you will pay on your loan.
There are three factors that most lenders weight upon more heavily
than others in determining your interest rate
UK
Loan Advice
