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Category: My Financial Broker

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Are Payday Loans Cheaper than Unarranged Overdrafts?

If you are in need of a short-term solution to financial worries there are often only a few possible options open to you. If you are unable to borrow money from family members and loved ones to help you get through this tough period, the other options are to take out a payday loan or […]

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Bank Overdrafts found to be more costly than Short Term Loans

Research from consumer champions Which? has found that bank overdrafts can be eight times more costly than payday loans. Borrowers needing as little as £100 could be charged up to £156 more by their bank than it would cost at a payday lender, it has been revealed. Which? compared the cost of borrowing £100 for […]

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Alternatives to Short Term Loan Solutions

Looking for an alternative to a short term loan? Well good for you: researching all of the options available to you will help you make an informed decision to get you back on the right track, financially speaking. Finding a way to pay your debts that will not cost you more money is the choice […]

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Brokers Vs. Lenders: What They Do

Brokers and direct lenders have many things in common. Both of them conduct campaigns of advertising for attracting customers and both of them collect information on your financial status in order to decide whether to lend you money or not. Both can also help you to get a better understanding of the lending process and […]

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Why Fintech is a Genuine Alternative to the Traditional Banking System

What is Fintech? The banking system survived a disastrous financial crisis, but is it at risk from ‘fintech’? Fintech is an umbrella term for the new technologies being developed as an alternative to traditional banking and payment systems. An example of this is the ‘crowdfunding’ model which demonstrated how these new technologies might work. These […]

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Overdrafts more expensive than payday loans, says Which?

Originally written By Brian Milligan (Personal Finance reporter) on 8 July 2016 at the BBC. Borrowing money on an unarranged overdraft from your bank can be more expensive than taking out a payday loan, says consumer group Which? Anyone who borrows £100 for 28 days from a payday lender now faces a maximum charge of […]

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Why You Should Think Carefully Before Applying for a Payday Loan

Getting a payday loan can seem incredibly tempting You get fast money: immediate cash to splash out on whatever you want. But there is a reason that payday loans get the bad press that they do. It is extremely easy to get caught out with loans of this type, and you could end up in […]

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No Payday Loan? No Problem

A payday loan is a highly popular means of procuring money for a short period of time. With varying levels of proof required by different loan companies, and the generally small amounts being dealt with, payday loans are seen as a quick, easy way of getting money when you need it. However, the payday loan […]

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Household debt in the UK is spiralling

Household debt in the UK has spiralled over the last few years. According to research from an accountancy firm PwC, the average figure of unsecured debt that an average household owes will be approximately £10,000 by the end of 2016. So what has caused this? Research shows that borrowing on credit cards, personal loans and […]

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Pros and Cons of Bad Credit Loans

Bad credit loans are designed for people that have a poor credit history or a limited credit history. You might even search for no credit check loans. Bad credit can be caused by a number of reasons. Some have defaulted on or failed to repay previous loans on time. Others have had a County Court […]

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