Blog

  • Emergency Loans & Options for Bad Credit

    We never know when a financial emergency will arise, and emergency loans might be a good option if you need cash immediately. Emergency cash can be used for anything from an emergency boiler repair to a new set of tyres for your car, and the......

  • New Payday Lenders UK | A Guide to Payday Loans (2022)

    New payday lenders appear and disappear all of the time, so it can be tricky to understand the different criteria and compare interest rates – particularly when often, payday loans are fairly urgent.  We’re here to help you understand what exactly pa...

  • The Benefits of Emergency Cash Loans

    When you find yourself in a pinch and need money fast, there are few things more frustrating than not being able to get it. Whether you’re short on cash to pay an unexpected bill or need money to make repairs after an emergency such as......

  • What Is a Cash Advance

    Should You Take Out a Cash Advance? A cash advance can be an effective way to get money fast in an emergency situation. But it’s important to consider the potential downsides before you take out a cash advance, like high interest rates and steep fees...

  • What Are Compound Interest Rates

      Compound interest is the addition of interest to the principal sum of a loan or deposit. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previous...

  • How Do Payday Loans Work?

    How Do Payday Loans Work? Short-term loans (otherwise known as payday loans) are quick cash solutions but are they really worth it? As the name suggests, payday loans are small, short-term loans that you pay back when you get your next paycheck – hen...

  • What Is a Budget and What Are The Benefits of Budgeting?

    Budgeting can seem like an intimidating idea, but it really isn’t too hard to do, and the benefits are worth it! Plus, if you have financial goals that you want to reach, budgeting can help you keep track of where your money goes so you......

  • Bad Credit Loans UK

    Do you need a bad credit loan?   How do bad credit loans work? What are they used for? Who can apply? Are they legal? Get answers to these questions and more in this guide on bad credit loans UK.  Bad Credit Loans Aren’t Just for......

  • What is Debt Consolidation?

    Should I Consolidate My Debt? Welcome to another Badger Blog Post. This week we’ll be looking at what is debt consolidation and whether or not it’s a good thing for you. To begin with, let’s define exactly what debt consolidation is. Debt consolidati...

  • What To Consider Before You Apply For An Unsecured Personal Loan

    Given that an unsecured personal loan could last up to 60 months in total, it is vitally important to know how the application process works and what to consider before you apply for an unsecured personal loan. We are using the words unsecured person...

  • Healthy Home Improvements

    Looking To Improve Your Home? – Healthy Home Improvements If you’re looking to make some healthy home improvements – and possibly increase your home’s appraised value in the process – think about projects that can make your house a ...

  • New Payday Loan Lenders 2022

    New Payday Loan Lenders 2022 Welcome to another Badger Loans blog post. Now is a good time to start looking for new payday loan lenders 2022. Badger Loans is a ‘new payday lender’ depending on the criteria being used to define ‘new’ of course. We’ve....

  • Can I Use a Short Term Loan as Emergency Cash?

    Emergency Cash from Short Term Loans? Let’s get straight into the nitty gritty and answer the question straight out – ‘can you use your short term loan as emergency cash?’ Yes, of course you can. You can use your loan for almost any legal purpo...

  • How Do I Get a Payday Loan from Direct Lenders?

    Payday Loans from Direct Lenders? In an age where information flows more freely than anything else on the planet you have to ask the question: why would you want to restrict your buying options by only shopping with one supplier? Whether you’re shopp...

  • CCJ Loans

    Is There Such a Thing as a CCJ Loans? As we have highlighted on a few occasions in the past like here, a loan is a loan is a loan. With the exception of secured and unsecured loans the only difference between one loan and......

  • Emergency Cash From New Payday Lenders?

    Will I Need a Credit Check? Since the financial services and consumer credit industry has been regulated by the Financial Conduct Authority it has been compulsory to credit check each and every individual applying for consumer credit. Whether an unse...

  • The Demise of Provident Home Credit

    A Good Thing or Bad? I need to make two disclosure type ‘admissions’ up front. I have both worked for Provident Home Credit division and had a loan from them too. This puts me in the enviable position of being able to see the company......

  • How Much Emergency Cash Should One Keep?

    Of the many benefits that the habit of saving money has to offer, being financially stable despite an emergency is one of the more important benefits.  Setting aside a small amount of cash can significantly dampen the otherwise drastic effects that o...

  • 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 ...

  • 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...

  • Can you get an emergency cash loan quickly?

    Life is a roller coaster, isn’t it? Yes, you might have planned your monthly budget, investments, and other necessary funds, but suddenly an emergency comes out of nowhere! A medical emergency, a sudden trip, or an immediate house renovation can be v...

  • 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 Men...

  • The Benefits of Being a Stay at Home Parent

    There’s a lot to be said for being a stay at home parent. Let’s face it, no one else can bring up your children quite like you can so we’ve decided to take a look to see if the  benefits of being a stay at......

  • What is a Loan and Why Take One Out? Pt2

    Consume Consume Consume So says the mantra of 21st century mainstream everything. And, boy do we know how to consume. Ever tried not spending money for a week or two?  Try it and see how long you last. We’re conditioned from almost birth to see......

  • What is a Loan and Why Take One Out? Pt1

    Part 1 – What is a Loan There are many reasons to take out an unsecured personal loan and we here at Badger Loans are going to give you five of the best. Before we do that let’s get stuck into what loans really are.......

  • Managing Your Finances in a World Dripping in Fear

    Tips on Managing Your Finances ‘May You Live in Interesting Times’   From Sir Austen Chamberlain to Robert F Kennedy, the phrase attributed as a Chinese curse has been used most often as an insult by both the aforementioned and a cast of charact...

  • Credit Refusals Worsening the COVID Financial Impact? Here’s What You Can Do About It

    A survey just revealed what several people already knew and have been warning about. The financial impact of COVID-19 goes way beyond job losses.  The drastic effect is showing up in unexpected forms and hitting at people who have already been hit ha...

  • Open Banking – The New Kid on the Block

      An Open banking has been with us by one name, but you may not have heard of it yet. Unless you’ve recently been in the market for a loan or have difficulty proving your income. It is also possible that to get better grip......

  • New Debt Letters to Support People with Problem Debt

      Letters unchanged in 40 years An apparent 100,000 people attempt to take their own lives each year because of unmanageable debt while a further 4 times that amount consider suicide according to government figures. The true scale of the misery ...

  • Coronavirus Payment Holidays – Your Rights, Your Obligations, What Lenders Must Do

    Coronavirus Payment Holidays When the panic set in properly in March/April of this year nobody had any idea of how the disease was likely to pan out. Confusion reigned. It still does. There’s a lot of information out there and most of it is fairly......

  • Employer Salary Advance Schemes or Salary Finance – What is it? Will it work?

    Can I Have a Sub Please Boss? In this blog post we’ll be looking at the world of salary finance in the UK. Employer Salary Advance Schemes (ESAS) are a relatively new phenomenon in the UK and are being promoted as an alternative to High......

  • Payday Loan Regulations – A Background and History

    In the two sides to a typical loan agreement (borrower and lender) there has usually been one side who has the scales of power tipped in their favour and that’s historically been the lender. Fairly obvious one might think that the lender should have ...

  • Covid-19 Update

    Update (24/2/21) Hi Everybody, We just wanted to let you know that our lending panel of 40 direct lenders is now back to full strength. We were down to 2 or 3 lenders in the dark days of last summer but with vaccinations underway and......

  • What is a pingtree for loans?

    In our 21st century of ever-advancing technological innovation, the advent of the pingtree will have gone largely unnoticed by the vast majority of the general public. Unless they happen to work in finance in general and loans in particular there’s n...

  • What is an Emergency and What is Not?

    Emergency Cash Loans, as the name suggests, are for when disaster has struck. There’s no sickening feeling quite like it; the wolves are at the door and the cupboard is empty. What will you do? Hide behind the settee with your fingers in your ears......

  • The CCJ Process – What You Need To Know

    The CCJ Process A CCJ loan is for people who have a County Court judgement registered against them at their home or business address. While there is no actual lending product called a CCJ Loan just as there is no product called a Bad Credit......

  • A Brief History of Payday Lending

    With the coronavirus having cut through the world’s population like a hot knife through butter, the fallout has had most Payday Lenders running for the hills while others have simply pulled down the shutters and gone into hibernation for the duration...

  • Company Statement: Payday & Personal Loans During The Covid 19-Coronavirus

    Further to our brief statement we put online a couple of days ago we felt it best to give you a fuller rundown of how the coronavirus has impacted the lending and short- term lending industry. We will also use this space to inform you......

  • What is a Pay Plan or Arrangement to Pay?

    What is a Pay Plan?   A pay plan is something that is set up if you are struggling to pay something back. This could be an unsecured loan or a payday loan for example.   How do I arrange a Pay Plan?   Pay......

  • 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 th...

  • What Does a Debt Management Company Do?

    What is a Debt Management Company?   Also known as debt relief or debt consolidation, debt management companies can take your current debts and create a plan that helps you pay them all off in an affordable manner. They provide you with an unsec...

  • What is a Credit Limit and How Does it Work?

    A credit limit is the total amount you can spend on your credit card. This amount can fluctuate, depending on things such as the lender, the credit card type, as well as your own previous credit history. A credit card is a revolving credit facility,....

  • Can Amigo Take You to Court?

    Yes, it is possible that Amigo Loans could take court action against you, but it is worth keeping in mind that this is always a last resort. Amigo Loans, or any other kind of guarantor lender will tend to avoid going to court and sort......

  • 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......

  • What Information Do You Need to Provide for a Secured Loan?

    You will need to provide documents in order to apply for a secured loan. These are usually: Passport or ID Valuation of property Valuation of vehicle Proof that you own the property or vehicle Making sure that you have done a secured loan application...

  • What does Subject to Status mean?

    Subject to status when it comes to unsecured loans or other loan products available, means that your approval is based on the basis of credit rating and income checks. If these checks for a loan come back positively, showing that you are able to affo...

  • 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 ...

  • Do Payday Loans Affect Your Chances of Getting a Mortgage?

    Do Payday Loans Affect Getting a Mortgage? No, a payday loan will not harm your ability to get a mortgage. For the majority of mortgage providers, a payday loan is considered to be like any other type of loan taken out. When deciding to approve......

  • Can You Get a Loan Without a Job?

    No, in most cases, whether it is a secured or unsecured loan you will not be approved for a loan without employment. However, with some types of lending like a guarantor loan, it could be possible. The main thing lenders will be looking for is......

  • Does Applying for a Payday Loan Affect My Credit Score?

    Will Applying for a Loan Affect Credit Score? No,  applying for a payday loan and getting accepted for one does not harm your credit score. In some cases, showing that you can make repayments promptly for a payday loan may help improve your credit sc...

  • Does Being A Guarantor Affect My Credit Rating?

    No, your credit rating is not impacted when you become a guarantor for someone’s loan. A soft search is carried out (ie. a search that does not leave a lasting credit footprint) but this will not affect your credit score. However, there are som...

  • How to Check a Payday Loans Company is Safe to Use

    One of the main ways of verifying a payday loans company is safe to use is through checking the Financial Conduct Authority’s register. Also known as the FCA, the industry watchdog has implemented a variety of new and improved regulations to th...

  • Does My Guarantor Get Charged Automatically?

    The nominated guarantor will not be automatically charged for the guarantor loan when an agreement is made. The only scenario where the guarantor is required to pay the loan is if the main applicant fails to do so. This could be because the main appl...

  • Can I Change My Guarantor?

    So, Can I Change My Guarantor on a Loan? No, it is not possible to change guarantors after the initial two week cooling off period has been granted. Once someone has agreed to be your guarantor, they then have a legal obligation to complete the......

  • What If Your Guarantor Refuses To Pay?

    If a guarantor refuses to repay the loan, the debt will still be outstanding and it could lead to added fees and impact to the credit score of the guarantor. When co-signing a loan agreement, the guarantor agrees to cover any outstanding repayments a...

  • Will a Payday Lender Contact My Employer?

    No, the payday lender will not contact your boss or workplace when you make a loan application. You can rest assured that there will be no potential awkwardness to have to worry about. It can be a common worry for applicants that their employer will....

  • Can You Go To Jail For Not Paying a Payday Loan?

    So, Can I Go To Jail For Not Paying A Loan? No, you will not go to jail for not paying a loan Standard attempts to take payment will first be made first The lender will contact you by phone, email and post Interest and......

  • Can You Go to Court Over an Unpaid Payday Loan?

    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......

  • 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......

  • Can Guarantor Loans Improve Your Credit Score?

    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...

  • Do Guarantors Have Any Rights?

    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......

  • What Happens If I Cannot Repay My Payday Loan?

    So, What Exactly Happens If I Cannot Repay My Payday Loan? If you cannot make repayments on your outstanding payday loan on time, then you will incur additional fees and it could harm your credit score. Consequently, it is important that you fully un...

  • What Checks Are There For Payday Loans?

    If you decide to take out a payday loan, then it is important to keep in mind there will be a variety of checks carried out in order to determine eligibility. After you have completed an application form with Badger Loans, we conduct hundreds of......

  • How Much Does a Payday Loan Cost?

    So, What is the Cost of Payday Loans? If you take out a payday loan, the cost of it will be capped at 0.8% per day (this is the equivalent of £24 for every £100 borrowed).  This price cap is in line with regulations introduced......

  •  What To Consider Before You Apply for a Payday Loan

    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......

  • Can I Stop Being Someone’s Guarantor?

    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......

  • Who Could Be a Guarantor For My Loan?

    Having a good person to be the guarantor of your loan is essential to maximise your chances of approval. A strong guarantor is important to the lender, because it offers confidence that the loan will be repaid and reduces the risk of default. This ca...

  • What Are The Responsibilities of a Guarantor?

    So, What are the Responsibilities of a Guarantor? The main responsibility of the guarantor is: If the main borrower defaults on their loan, the guarantor will be required to step in and repay on their behalf. This is confirmed in the original pre-loa...

  • Use a Credit Broker or Go Direct?

    Here’s why we believe a broker is best When you type the words ‘bad credit loans uk’ or ‘payday loans’ into your preferred search engine the sheer volume of matches can be somewhat daunting. One of the first things people do is try to sort......

  • Citizens Advice Service – Like Eggs and Bacon or the NHS

    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...

  • How Do I Spot A Scam Loan Website?

    This post deals predominantly with the UK loan framework but some things are universal………. When life gets tough and things aren’t going our way the last thing we need when trying to arrange a loan is someone trying to steal what little money we may.....

  • How to Improve Your Credit Score

    This really is a case of prevention being the best remedy. By the time you realise that having a good credit score might be a wise course of action, it may already be too late. But don’t worry, we will show you how to improve......

  • What’s the difference between a good credit and bad credit loan?

    So, What’s The Difference Between Good Credit and Bad Credit Loans? If you are not buying a house then the type of loan you are looking for is called a ‘personal loan’ as opposed to a ‘homebuyers loan’ or ‘mortgage’. The terms ‘good credit loan...

  • APRS

    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......

  • How Do I Get A Loan Without Being Credit Checked?

    The Short Answer: It’s one of the most searched for phrases in the loan industry. Is it still possible in 2021 to get a loan without being credit checked? No it isn’t. Some companies use their apparent lack of credit checking as a marketi...

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