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  • This kind of short-term loan can be an excellent way to get access to cash quickly and in an efficient manner, enabling you to get money into your account to help with a financial emergency in a minimal amount of time. However, given that a......

  • Or: why does my APR  say 5000% when my lender says I repay 40 in every 100 pounds? Who’s right?   Answer: They both are. Doesn’t make much sense right? Unfortunately there’s a lot of confusion around APRs so let us try and make them......

  • Yes, it is definitely possible to improve your credit score through a guarantor loan, provided you pay it back on time and do not miss payments. In fact, many people struggling with a bad credit score (or alternatively, no credit history at all) take...

  • No, if you have agreed to become a person’s guarantor for a loan , when you cannot suddenly stop being a guarantor once the full loan amount has been paid out. We understand that the duration of a guarantor loan can last for a long......

  • Yes it is possible for you to be taken to court if you have taken out multiple payday loans and failed to pay them back. In this scenario, a lender might decide to take you to court in order to be able to issue a......

  • No, you will not go to prison Standard attempts to take payment will first be made first The lender will contact you by phone, email and post Interest and fees may apply Your credit score can be affected   No, you will not end up......

  • In The Beginning… As British as roast beef and Yorkshire pudding or a Chicken Tikka Masala on a Friday night, The Citizens Advice Service (formerly Bureau) has been with us since the dawn of the Second World War. Like The Samaritans or eggs and...

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  • Yes a guarantor has a lot of rights and because the loan is funded into their bank account first, they have the power to control whether or not the loan is passed onto the main applicant and can also delay payment. However, being a guarantor......

  • The Short Answer: Get a Payday Loan or a Doorstep Loan. Make sure you read the small print. Some companies use their lack of credit checking as a marketing tool. Keep an eye out for those companies. The Long Answer: Back in the day, when......

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS.
FOR HELP, GO TO www.moneyadviceservice.org.uk/en