Money Blog

The entire team at Moneyboat is incredibly proud to be shortlisted in not one, but two categories at this year’s Credit Awards. Building on our success in 2021, when were named winners in the Responsible Lender of the Year category, we’re now hoping to add Consumer...

The team at Moneyboat has a busy couple of months ahead of us, drumming up votes from the thousands of happy customers we’ve funded over the years. Our efforts are all in aid of the Consumer Credit Awards, for which we are nominated for the first time, this year!...

Even without the events of the past two years and the pressure they created on our finances, saving money has long been a priority for many of us. Though most of us want to save money, it’s sometimes difficult to know the best way to do so. Whether it's sticking to a...

Practical tips for cutting electricity and gas bills When it comes to household finances, energy bills are a major factor. The cost of our utilities are incredibly high, with recent hikes caused by shortages in production, conflict and transport limitations adding to...

Are overdrafts a good alternative to payday loans? If you’ve never had an overdraft, you may be wondering what they are and how they are used. Overdrafts are a common form of credit in the UK, with around 19 million British people using an arranged overdraft each...

Making sure your kids are money-aware School is the right place for kids to learn about maths, English, science and socialisation, but parents play a major role in teaching their kids about money. And by money, we actually mean money management. This kind of learning...

There are a million reasons why you might want to start selling your unwanted stuff online. Whether you need some quick cash or you simply want to do something ethical with your old things - so you can feel better about buying new things - we have some great tips and...

More and more people in the UK are becoming self-employed. A combination of factors has led to this rise in the entrepreneurial spirit in the UK. Being self-employed comes with some major benefits but it also comes with a few setbacks. Not least increased difficulties...

Have you ever found yourself in a situation where you need access to cash right away? You may have an unexpected expense to meet and no savings put aside. Perhaps your car has broken down or your boiler might have packed in, weeks before you are due to get paid. There...

If you’d like to know more about eligibility criteria for payday loans, but don’t know where to start, you’ve come to the right place. We’ve put together a guide to help consumers navigate the choppy waters of the payday loans market.  Ever wondered what the absolute...

When you’re short of cash in an emergency situation, speed is everything. We’ve all been in situations that require fast cash and when your current account is empty, panic can set in.  Payday loans or instalment loans can be a good option in these situations,...

Finding Your Loans Value Sweet Spot When Applying for a Personal Loan When it comes to borrowing money, how much you want to take out in the form of a personal loan, how much you should apply for and how much you can actually borrow are often quite different amounts. ...

How to calculate the cost of a payday loan   It might seem like an obvious question, but it’s amazing how many people fail to actually consider the cost of a loan before taking one out. And we don’t mean the amount you will need to repay each month, but the...

If you’re in the market for a short-term loan, you probably know that borrowing money doesn’t come for free. Lenders have to make some money from the practice of lending. This often comes in the form of interest charges that are applied, usually as a percentage of the...

Searching for good payday loans online might feel like a minefield. With so much negative press about payday loans, how can you avoid the cowboys and the rip-off merchants? Believe it or not, the fact that so many online payday loan providers have collapsed in recent...

We all know the value of having a strong credit score. It can help you to secure lower interest rates and opens up more options for you when you are looking to borrow money. Lenders will look at your credit record when assessing you for anything from same day loans,...

We’re incredibly proud to announce that Moneyboat has won the accolade of Responsible Lender of the Year at this year’s Credit Awards, hosted by Credit Strategy. In winning this prestigious award, the judging panel recognised our tireless efforts to put responsible...

In recognition of our achievements and innovations over the past year, Moneyboat have been revealed as finalists for Alternative Consumer Lender of the Year at this year’s Lending Awards. The Lending Awards are “the only awards programme distinguishing and rewarding...

We are finalists! We are incredibly proud to reveal that Moneyboat is a finalist in, not one, but TWO Credit Awards categories this year. Moneyboat is in the running to bring home the Alternative Lender of the Year award, and the Responsible Lender of Year award. The...

What is a guarantor on a loan? (and do you need a guarantor to get a payday loan?) If you’re struggling to be accepted for a loan because you have a poor credit record, you may want to consider a guarantor loan. These are loans that you take out with the help of a...

Does Halloween have to cost a fortune? Over the past decade, Halloween has become something much bigger than it used to be in the UK. It seems we have added Halloween to our list of holidays that require mass participation and mass spending. If you’re approaching...

What happens when furlough ends?    As of the end of September 2021, the UK government has officially ended its furlough scheme, which is expected to have an impact on thousands of businesses and employees across the country. At the end of September 2021, it is...

Moneyboat celebrates Technology Team of the Year Award 2021 shortlisting It’s officially awards season and we’re celebrating another fantastic year of achievements here at Moneyboat. The news that our incredible tech team has been shortlisted in the Technology Team of...

Top tips to stay healthy after lockdown We’ve finally made it! It’s been a long, dark road for many of us, but with more than half the nation vaccinated and Covid infection rates coming down, we are finally emerging from months of lockdown. We’re remaining cautious,...

Moneyboat Customer Reviews The Moneyboat reviews that we receive from our customers are extremely important to us. The feedback we receive from our borrowers drives everything we do. We are always striving to offer the very best customer service and Moneyboat reviews...

How to finance home improvements? Carrying out improvements or much-needed repairs on your home can lead to a whole range of benefits. Some repairs and improvements are unavoidable, of course, but others can have a hugely positive impact on both your day-to-day life,...

Top tips on how to pay off a loan faster Taking out a loan is a financial commitment and it pays to take that seriously. Although, as a borrower, you agree to a loan term with their lender at the point of taking out the loan, you can often repay faster if you are...

How taking part in a study into Fintechs and Covid-19 helped reinforce our ethos Deep into 2020, when the impact of the Covid-19 pandemic was clear for all to see, we were approached to participate in an amazing piece of research. The University of Cambridge’s Judge...

Getting a fast loan when you don’t have a bank account can be very difficult. Most lenders require borrowers to have a bank account for several reasons and you are unlikely to be approved for a fast cash loan without one. If you need access to a payday loan and don’t...

Putting in place an effective budget and sticking to it each month can make an enormous difference to your life. It may seem like a headache to have to spend time working out a budget, but it really is one of the best ways to help free yourself from debt, improve your...

Hot on the heels of the stricter regulations brought in by the Financial Conduct Authority (FCA) came a whole new set of online payday lenders. These businesses are less like the old guard, such as Wonga and QuickQuid and more resemble financial technology firms, or...

Getting back on the road: Funding options for car repairs  When it comes to putting the brakes on life, nothing does the job quite like a broken-down car. Whether you need the car to get to work, take the kids to school, do the shopping, visit family and friends or...

We’re all familiar with that sinking feeling you get when something goes wrong in your home and needs fixing. There’s the uneasy feeling that comes with the safety, warmth and security of your home being compromised, which is bad enough. On top of this, there’s the...

Applying for payday loans online is pretty straightforward, but that doesn’t mean you can afford to take your eye off the ball. There are several things you need to be aware of when filling in an application for a payday loan and it pays to be prepared. Here’s a...

Let’s face it, 2020 has been a pretty disastrous year for most of us. Covid 19 has scuppered plans left, right and centre and many people are far worse off than they were a year ago. We also face a near future where getting together with loved ones is difficult, if...

Surviving Black Friday - How to Shop Safely and Bag a Bargain Black Friday and Cyber Monday used to be very American affairs … that was until about five years ago when we all decided we wanted in on the action. Us Brits have now fully embraced the Black Friday...

How to Avoid Winter Car Repairs - Small Steps That Can Help You Avoid Unexpected Breakdowns   When it comes to financial planning, something many people don’t consider is taking steps to prevent emergency costs from occurring. As short-term lenders, we are used...

A Brave New Online World of Lending - The Very Latest Types of Online Loans to Apply ForGaining access to finance has never been easier, thanks to the internet and the opening up of the loans marketplace. Navigating the online loans marketplace, as a consumer, is not...

Most of us will have been in the sticky situation of needing fast cash at some point in our lives. Here are some creative ways to find the cash you need to fend off that financial emergency without having to borrow money.

Can Open Banking Help Consumers Keep Their Finances on Track? Moneyboat explores this new phenomenon.

Can you remember life before the Coronavirus crisis? Sure you can, but it feels like we’ve come a long way in a short time doesn’t it? Many of us have experienced a steep learning curve over the past few months; learning valuable life lessons about how to budget money...

Responsible lending is all about ensuring a borrower is able to repay a loan before offering credit. Responsible lenders also need to be clear and upfront about the cost of borrowing, and extra charges and fees payable. They will usually offer support and great...

Despite having suffered some bad press in the past, payday loans are still a popular option for people who need access to quick cash. Research suggests that they are particularly popular with younger borrowers. There are many reasons why people take out short-term...

In the past, a typical father’s day may have included a family day out, a get together with relatives, or a trip to the local pub or restaurant. With the UK sustaining varying coronavirus lockdown restrictions, father’s Day 2020 will be far from typical. Nevertheless,...

Imagine you're back at school or college and you're looking for a job for a few weeks over the summer holidays to pay for a holiday. You need to earn £500 but all the jobs advertised are only showing their annual salary, which makes it hard to compare which job is...

We are so lucky, as consumers, to have such an in-depth choice when it comes to taking out an online loan. Most borrowers will spend time shopping around until they feel they've found a lender that offers the kind of loans they are looking for.  However, it’s...

With quarantine as our new norm, we wanted to know how parents in the UK are keeping their kids occupied, happy and healthy during the Coronavirus pandemic. We’ve asked Mums and Dads around the UK to share some of their top tips to getting through home isolation and...

What is an advance on your wages? A wage advance is usually the payment of the money you have already earned, in advance of your payday. Employee loans are another way to get your hands on some money in advance of your paycheck, but these involve your employer lending...

People are often confused when it comes to understanding the difference between broker payday loans and direct payday loans. Some say direct loans are often better, but is this always the case? If you're deciding if you should get a loan, read on to learn more. What...