Money and borrowing help
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 you need a guarantor?
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 close family member or friend who is willing to repay the loan if you are unable to do so for any reason.
All about fintech and Payday loans
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 ‘fintechs’.
How to ask your boss for a wage advance
Wondering how to ask your employer for a pay advance? Here’s everything you need to know about requesting a wage advance in the UK.