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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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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How to Get Accepted for a Loan in the UK

Applying for a loan is the only way to ever truly know if you will be accepted or not. The problem with this methodology is that it will leave a mark on your credit file that other lenders can see in the future. This mark can negatively affect your…

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Halifax Credit Checker Explained

Halifax (owned by Lloyds Banking Group), is a major UK banking institution that started as a building society in (you guessed it) Halifax, West Yorkshire. They have been around since 1853 and are known for a wide array of products and services including: Current & Savings Bank Accounts Loans…

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How to Get a Credit Line in The UK

Updated: April 2021 Using debt effectively and obtaining a credit line in the UK can be a lifesaver. You can use it to cover unforeseen expenses or keep the lights on while you wait for your paycheck. A line of credit is essentially a flexible loan. It’s money that…

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