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What is an overdraft?
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 year. However, there are also unarranged overdrafts, which 14 million people use. So what’s the difference between an arranged and unarranged overdraft and is it bad to borrow through an overdraft?
Your guide to teaching kids about money
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 starts at home, from a very young age and can set your child on the right or wrong path from the get-go.
How to sell online - making quick cash through online selling
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 tricks to help you sell online without too much hassle.
A guide to payday loans for self-employed people
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 in accessing some financial products, ranging all the way from mortgages to 24-hour loans.
Short-term loans and their advantages
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 are a few solutions to this problem and taking out short-term loans online can help.
Explaining Payday Loan Eligibility Criteria
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.
8 Ways to Earn Cash Fast
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.
An alternative to Sunny Loans
Sunny Loans are one of the many direct payday lending companies that have fallen into administration over recent months and years. If you are looking for loans like Sunny Loans, we can help. Although Sunny Loans are no longer offering new loans to borrowers in the UK looking for short-term loans, Moneyboat are still very much up and running, offering great funding options to people seeking emergency cash.
How much can I borrow with 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 much does a loan cost?
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 actual cost, to you, as the borrower, in addition to the repayments.
What are interest-free loans?
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 outstanding loan amount.
Do credit repair services really work?
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, to overdrafts and mortgages.