Alternatives to Payday Loans in the UK

Payday loans are a way of covering emergency expenses between payments and are a form of high-cost, short-term lending (HCSTL). Thus, they are an expensive form of borrowing. Many people in the UK that need to borrow money online will inevitably turn to payday loans as a solution.

What Is Open Banking and How Does It Work?

Open banking is when third-party financial service providers are allowed to access your consumer banking information. This typically includes your transactions and payment history within your bank account. You may find that open banking is utilised when you are looking to borrow money online through a bank or other credit provider.

Top 10 Tips to Cut Household Bills

According to the ONS, average household bills in the UK are around £1,500 per month for utilities, insurance, and mortgage payments, with costs set to rise further.

How to Prioritise Your Debts

It can be overwhelming to know where to begin when paying off your debts, especially if you have many different types of debts. For instance, you may owe money through credit cards, utility bills, or loans. It may be the case that you can consolidate your debts, or it may be that a small loan like a£200 loan or perhaps a £500 loan could help you get back on your financial feet.

What is an IVA?

An individual voluntary arrangement (IVA) is a legally binding agreement between you and your creditors to repay your debts over a set period. A UK court will have to approve the IVA, and once agreed, your creditors must adhere to the plan. Setting up an IVA can offer the flexibility you need to pay off your debts, but they can also be expensive and have certain risks.

Why Do Short-Term Loans Have Such High-Interest Rates?

Short-term loans are cash advances issued by lenders to borrowers who need immediate financial assistance. To provide borrowers with quick, upfront cash, these lenders typically impose high-interest rates to cover their services and protect against potential default.

Different Types of Short-Term Loans in the UK Explained

If you are looking for a short-term loan in the UK, many different options are available, depending on your specific financial situation and loan needs. Common short-term loans in the UK include payday loans, instalment loans, and cash advance loans.

How To Grocery Shop On a Budget

Grocery shopping is an essential part of everyone’s life. Grocery shopping is an essential part of everyone’s life. Nonetheless, setting a budget for your grocery expenses is also necessary, especially if you are trying to save money. Even though some people may find it challenging to shop on a budget, there are different ways to be savvy shoppers. Below are some tips for shopping on a budget.

Can I Pay Off My Loan With A Credit Card?

Depending on your personal financial situation, lender, and your credit card issuer, it might be possible to pay off your loan with a credit card. It may be the case that you needed to borrow money online and now have a little more flexibility to be able to repay your loan and wish to clear your debts as soon as you can in a manageable way.

Can I Get a Payday Loan if I’m Unemployed?

How do you get a payday loan when you are unemployed?

Top Tips for Family Budgeting

Here are some tips to help you budget better.

Ten Tips to Improve Your Credit Score

A higher credit score can mean that lending companies may see you as a lower risk. This is because the lender tries to predict your future behaviour based on your past financial activities, and a solid credit history can indicate that you may be trustworthy. Therefore, you may be more likely to be approved for a loan if you have a high credit score.

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