Author: Ian Sims

Bridge Loans UK | Bridging Loans UK

What is a Bridging Loan?

When buying a residential property in the UK your average house purchaser goes nowhere near a bridging loan. So says the received wisdom on the topic. Most people have no idea of the whys and wherefores of bridging finance. Mainly because most of us have...

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FACTORS THAT AFFECT YOUR CREDIT SCORE

Factors That Affect Your Credit Score

In The Beginning  There are many factors affecting credit score. Some you can do something about quite easily, others not so much. There are 3 main credit reference agencies (CRAs) in the UK. Each one scores people differently so a 600 score might be excellent with...

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badger loans money mentor

Badger Loans links up with Money Mentor

We are delighted to announce an ongoing collaboration as Badger Loans links up with Money Mentor, the highly respected financial website.Designed to help the primarily younger consumer/investor look after and spend their money more wisely. Money Mentor pulls no punches with its incisive financial commentary....

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helping-hand-credit-unions

What is a Credit Union?

Credit unions help people borrow or save money at lower interest rates than they would receive through traditional lenders. Credit union loans are often considered to be a much lower cost alternative to payday loans in the UK.First established in the 1940s, these unions are...

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revolving credit business

What is Revolving Credit?

Revolving credit refers to a credit line category that enables you to have access to a certain amount of money (known as a credit limit). You are able to borrow up to this maximum amount, and once you start to make repayments on this balance...

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payday loans expensive

Why Are Payday Loans So Expensive?

 Payday loans are unsecured loans (meaning that there is no security such as a property or vehicle that backs the loan) making it more costly for the borrower. This makes payday loans considerably more expensive than other options available on the market.However, used under the...

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Payday-loans-worth

Payday Loans Industry Worth £300 Million in The UK

In the UK, the payday loans sector is currently worth in the region £300 million. This valuation is based on the average payday loan amount in the UK being £300 and around 1 million loans taken out in the last year. Payday loans by numbers  Source: https://www.fca.org.uk/data/consumer-credit-high-cost-short-term-credit-lending-data-jan-2019  Is the...

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