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Most people have heard of a payday loan. They are famous for having high interest rates, and are thought to only be aimed at individuals with a bad credit score. But these are generalisations – there may be more to a payday loan than you realise. Why Might You Need a Payday Loan? A payday […]
Continue ReadingWhile it may be obvious from the name that a short term loan is repaid over less time than other forms of credit, what other factors make up a short term loan? How easily accessible are they and do you need good credit to apply? There are a few different types of short term loan, […]
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If you have a poor credit rating, you may ask yourself whether or not it’s easy to get a loan with bad credit. Or perhaps you’ve been turned down by a few lenders, and believe that your credit score is stopping you from getting a loan. But there are a number of loan options available […]
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Bad credit can make you feel like you don’t have any options when it comes to taking out a loan. You may have been turned down by more traditional lenders, and believe that they are the only option available. But this is not the case – even if you have a poor credit history, you […]
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Finding the right lender can be difficult. And if you have bad credit, your options may be more limited. So if you’re looking for a short term loan, you may be wondering which lenders are more likely to approve your application with a poor credit history. The first thing to consider is what type of […]
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If you’ve got bad credit, you may not be sure how to take out a loan, or if you’d be eligible. While it can be more difficult to take out certain types of loans if you have a low credit score, you should still be able to borrow money when you need to. But what […]
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If you’re looking for a loan with bad credit, you may feel like your choices are more limited. While there are a variety of short term loan options available, it can sometimes be more challenging to take out traditional loans, like bank loans, with a poor credit history. So where can you get a loan […]
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If you have bad credit, it can be more difficult to take out certain types of loans. A lot of more traditional lenders require you to have a high credit score, especially if you’re trying to take out a large loan like a mortgage. So how do you get a loan with bad credit? Types […]
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The Application Process When applying for a loan, you may be hesitant to start your application before knowing what details you’ll need to enter, what they’ll be used for, and what the next steps will be. We’ve therefore outlined our full application process below, to give you complete peace of mind. What Details Will You […]
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When using a broker service, many people worry about their personal details being passed on without their permission. But as long as you use a reputable broker, there should be no danger of this happening, particularly after the GDPR rules were introduced. So how can you tell if a broker is trustworthy? And why do […]
Continue Reading There are countless lenders on the market, all of which will be claiming that they are the most trustworthy, and can offer the cheapest interest rate. And as with any company, it can be difficult knowing which lenders you can really trust. So what makes a lender trustworthy? Are there any factors that you can […]
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Short term loans are known for having much higher interest rates than other types of credit. But is this always the case, and will you end up paying more overall with a short term loan? Often, the total cost will depend on the specific loan you apply for, but there are a few other important […]
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Do Short Term Loans Damage Your Credit Score? A lot of people start to worry about their credit score when they’re looking to take out a big loan – often a mortgage. But what impacts your credit score, and will taking out a short term loan damage it? What Is Your Credit Score? Your credit […]
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When it comes to taking out loans, many people use broker services to help them find the best lender, with the lowest interest rates. But what other benefits are there of using a broker service like My Financial Broker? Fast Application When taking out a more traditional loan, such as a bank loan, the application […]
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If you have a poor credit history, it’s easy to resign yourself to having a low credit score. What a lot of people don’t realise is that different companies calculate your score using different methods – you may have a higher score with another agency. There are also a number of ways to improve your […]
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Unsurprisingly, the loan most people with bad credit think brokers are unable to help with is a mortgage – one of the biggest loans you can get. But, if anything, brokers are more likely to be able to find you a loan than if you search yourself. From mortgages to short term loans, a broker […]
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A broker can’t offer you a quote from every lender on the market. This would simply be impossible. You could argue that this limits your choices, but even if you were to search for a lender independently, it would be just as impossible for you to compare every lender out there. If anything, a broker […]
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A lot of broker services can give you a near instant decision. It’s therefore understandable to assume that brokers don’t put a lot of work into helping you find a loan. But it’s amazing how much goes on behind the scenes. Brokers have spent years in their field, building in-depth knowledge, and strengthening relationships with […]
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Although brokers are independent organisations, there is a common misconception that they are on the side of the lender. But the goal of a broker is to find the best product for their customers. Though they build strong relationships with the lenders they work with, brokers ensure that they remain impartial and don’t show any […]
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There’s a good reason this myth is so common – a large percentage of the time, you’ll be charged a fee for using a loan brokerage service. This can then make the overall product more expensive. . This can then make the overall product more expensive. But not all brokers charge a fee – My […]
Continue Reading Honestly, there is no simple answer to this question. We’ve not yet discovered a one-size-fits-all solution when it comes to managing money. But there are a few techniques you can use to better understand your finances, and you can always find additional information online. Create a Budget It may sound pretty basic, but if you […]
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If you’ve struggled with debt in the past, it’s completely reasonable to believe that all debt is bad. And it’s never a good idea to take out a lot of credit if you don’t need to. But there are quite a few benefits to borrowing, especially if you’re looking to improve your credit score. Showing […]
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The issue with this myth is that there is some truth to it. Credit cards can be incredibly beneficial, if you know how to work the system. But it’s important to remember that credit cards won’t always be the best choice for you. There are a whole host of questions to ask yourself when you’re […]
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There’s certainly some logic behind this myth. Relying too much on credit can cause a debt spiral, where you’re taking out more credit to cover the cost of open loans and credit cards. If using cash is an effective way to help you budget your spending, it can also be a good idea. However, there […]
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If you’re on a low income, it can be incredibly difficult to save. But it’s not impossible. You may then think that the amount you put aside each month will be too small to make a real difference. Consider Investing in Stocks and Shares It’s important to note that investing is a gamble. You can […]
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