Understanding credit utilisation

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…

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5 Tips to Find Bad Credit Housing for Rent in London

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…

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What Credit Score is Needed to Buy a Car in the UK?

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…

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How to Get Car Financing with No Credit Check

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…

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Improve Your Credit Score with a Credit Builder Loan

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…

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Rent Increase Laws in the UK

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…

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Frequently Asked Questions: Fees Associated With Renting in the UK?

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…

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5 Expert Tips for Saving for a Mortgage

With the average price of homes in the UK hitting a record high of £254,606, saving money to buy a home may seem like a daunting task. However, with the right plan in place, it can certainly be achieved! Here are a few of our top tips for saving…

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What is a Default?

A default is a sign that you can’t afford your current payments, it can lead to negative effects on your credit file which could restrict your financial options in future. . This is why it’s important to know what a default is and what to do in the event…

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Is Renting With Bad Credit Possible in the UK?

It’s standard practice in the UK for landlords or letting agents to run a credit check on your credit file when seeking to rent property. This creates problems for certain groups of people including: anyone who has recently moved to the UK from foreign workers to international students, people…

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