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…
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…
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…
The Basics:What is a utilisation rate? Your utilisation rate is the amount of available credit you’re using (your balance), expressed as a percentage of your total available credit. You can work out your utilisation rate by taking your balance, dividing it by your credit limit, and then multiplying by…
While rent prices have soared in most areas of the UK, London has seen the cost of renting fall to the lowest level in nearly a decade. In fact, average rent prices in London have fallen by nearly 10% due to the high volume of people who opted to…
It makes sense to want to know what credit score is needed before applying for a loan or car financing but the truth is that most lenders look at more than just the credit score when making a decision. Learn more about what credit score is needed to buy…
For some people, having a car is essential. You’re probably already aware that cars are not cheap and the most common way to get one is through car financing or getting a loan. Getting a loan usually requires passing credit checks or affordability checks. Does this mean that car…
You probably already know that poor financial decisions can negatively impact your credit score and follow you around for years. On the other hand, having no credit history can also hold you back from purchasing your first home or vehicle. Trying to get your finances sorted can be all…
Rent prices in the UK are rising sharply. In fact, the average monthly price of a newly rented property outside of London grew 8% from last year. While there are many complex reasons for this, one of them is simply supply and demand: the number of tenants looking for…
What are Referencing Fees in the UK? Referencing fees are any charges to a tenant for completing references (eg. a credit check). As of 1 June 2019, the Tenant Fees Act went into effect, banning landlords from charging future referencing fees. Previously, it was commonplace for landlords to charge…