How Long Does a Default Stay in Your Credit Report?

If you have a default in your credit report or are worried about getting one, you probably have a lot of questions. How long will a default stay in your credit report? How could a default happen? And what can you do to alleviate the burden of a default?…

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How to Start Building Credit at 18

Did you know that you are eligible to start building credit once you turn 18 years old? Building credit is a gradual, long-term process, which is why it is so important to get started once you become eligible. Here are some top tips to start building credit at 18…

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Does a Credit Union Help Build Credit?

What is a Credit Union? A credit union operates much like a bank, but the main difference is that it is not owned by shareholders who are trying to make a profit. Instead, a credit union is member-owned and operates on a not-for-profit basis. Everyone who has an account…

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What Credit Score Do You Start With?

Building credit from scratch can be easier than improving an established, bad credit score. But what score do you start with and what are the best ways to get started establishing a credit file? Learn more here! What Credit Score Do You Start With in the UK? It’s unlikely…

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What is a Danger of Taking a Variable Rate Loan?

Understanding the dangers of a variable rate loan is important if you are considering applying for a new mortgage, refinancing your current mortgage, or applying for a personal loan or credit card. Selecting the right option for your situation could save you money and ensure you only get the…

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Why is My APR So High?

There’s no question that credit card interest rates are much higher than most types of loans or credit lines.  According to data from the Bank of England, the average credit card interest rate in the UK remains well over ~18% in 2021. Unfortunately, these rates tend to be even…

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How Does Payment History Affect My Credit Score?

Timing is everything in life, but this is especially true when it comes to paying your bills. How punctual you are in making payments has a huge impact on your credit score, and affects how lenders see you as a potential borrower. Read on to find out what payment…

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How Long Does a CCJ Stay on your Credit File?

What is a County Court Judgement (CCJ)? A County Court Judgement is a court order issued in England, Wales and Northern Ireland that occurs when you fail to repay debts and the creditor has taken legal action. If you have bills that remain unpaid, your account may go into…

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The Ultimate Guide to Credit Builder Cards for Bad Credit

Are you looking to build up your credit rating? Find out everything you need to know about credit builder cards for bad credit here! What are Credit Builder Cards for Bad Credit? Credit builder cards are intended for people with poor or no credit file who want to improve…

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How To Improve Your Credit Score for a Mortgage in the UK

Understanding the status of your credit score for a mortgage in the UK is key. Not only do they affect how much you can borrow, but they also dictate how much you’ll pay each month for the repayments. That’s because people with a higher credit rating have access to…

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