Loans articles (2 of 6)

By Rebecca Goodman | 5 Jul 2022

Taking out a wedding loan is just one way you can fund your big day if you don’t have the money to pay for it all yourself.

By Rebecca Goodman | 2 Nov 2022

Paying off a loan early can be a huge weight lifted from your shoulders, but there may be penalty fees and interest charges to pay.

By Rebecca Goodman | 5 Oct 2022

Joint loans can be taken out for several reasons, from mortgages to overdrafts, and each person is fully liable for the debt being repaid. It is important to make sure that you are on the same page as the person you are borrowing with, and you have had an honest discussion about your finances.

By Rhiannon Philps | 14 May 2021

The breathing space scheme, or Debt Respite Scheme, offers people struggling with problem debt some legal protections from creditors while they seek professional debt help. There is a special breathing space scheme for those receiving treatment for their mental health.

By Ruth Jackson-Kirby | 20 May 2022

Improving your credit score can help boost your chances of getting financial products such as loans, credit cards and mortgages. Here, we run through 15 simple tips and tricks that could help you improve your credit rating.

By Joel Kempson | 4 Oct 2022

When you apply for a loan, lenders will assess your application to see if you meet their eligibility criteria. Find out what you can do to boost your chances of approval.

By Rhiannon Philps | 30 Nov 2021

If your house no longer suits your needs you have two choices: renovate or move. Both of these options can cost a lot of money, so we discuss when you might consider them and how you can fund your decision.

By John Ellmore | 12 Nov 2020

Before applying for car finance there are a number of things you need to know in order to make an informed decision. It’s worth knowing when you can cancel, whether you are obliged to buy the car at the end of the contract, and last but not least, how much you’ll pay each month.

By Rhiannon Philps | 1 Dec 2021

There are several different types of car finance available which can make it difficult to decide which is the best one for you. From hire purchase to PCP to leasing, we explain how each car finance option works and the pros and cons.

By John Ellmore | 28 Jan 2021

A new survey commissioned by NerdWallet into Brits’ attitudes during the COVID-19 pandemic has revealed that 20% of us have significant and regular feelings of guilt around our daily behaviours and how we spend our time. Plus, more than quarter of people felt guilty about not saving more.

By Rhiannon Philps | 27 Sep 2021

Buy now, pay later schemes can be a handy way of instantly buying an essential item, but look a little deeper and you might find some nasty interest rates. Read on to find out the dangers of these schemes, the associated charges, when they can be useful and alternatives to these schemes.

By Jim Kersey | 23 Aug 2021

If you are considering taking out a short-term loan, make sure you check whether a longer-term loan might make more sense, or vice-versa. Here, we take a look at both these options in more detail.

By Caroline Ramsey | 13 Nov 2020

If you’re thinking of taking out a personal loan, you may be wondering whether it’s worth using the services of a loan broker. Here, we look at the reasons brokers can be useful and why you may prefer to do the leg work yourself.

By Jim Kersey | 29 Nov 2021

Banks and other lenders use your debt-to-income ratio to evaluate your suitability as a borrower. This means comparing your monthly debt payments to your income before they approve a loan for you. Use our simple calculator to get your results instantly.

By Sarah Bridge | 5 Sep 2022

Virtually anyone can be a guarantor for a loan, as long as they have a good credit history and meet basic criteria. But it’s a big decision, so be clear about what it means for you if the borrower can’t pay.