We believe financial support goes beyond the loan itself. This blog exists to help you make better, more informed decisions about borrowing – whatever your situation.
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 plans are usually arranged with
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 open to members who
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 unsecured loan that all your debt is
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, and works in a similar
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 things out amicably with regards
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 (as well as paying interest
You will need to provide documents in order to apply for a secured loan. These are usually: Making sure that you have done a secured loan application checklist before applying is highly recommended to ensure you meet the eligibility criteria and not wasted valuable time. In this guide, we will
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 afford to take out a loan
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 right set of
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 or decline your mortgage application,
Ian Sims’ newly released second book in a three-part series explains what lenders really look for, why applications get declined, and what can improve your chances of approval. It’s a practical guide for anyone navigating bad credit, missed payments, or recent declines.
