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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. This...

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compound interest formula

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 previously accumulated...

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Payday Loans

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 – hence the name...

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bad credit loan

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 Bad Credit  When...

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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 consolidation is the act of...

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Healthy Home Improvements

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 healthier overall place that will benefit the...

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new payday lenders 2022 | Payday Loans 2022

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 been...

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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 another is...

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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 unsecured personal loan or an emergency cash...

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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 one may experience during an...

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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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Can you get an emergency cash loan quickly?

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 various instances where you might need...

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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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Covid-19 Update

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 a...

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What is a Pingtree for Loans?

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 no real need or reason to...

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A Brief History of Payday Lending

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.While no one is doing...

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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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Credit broker or direct lender?

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 out...

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How Do I Spot A Scam Loan Website?

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 have...

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fresh-eggs

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 a bit clearer...

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