Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Welcome to the My Financial Broker Blog

Divider

Top 5 Cheap UK Holiday Destinations

The Great British Staycation is at an all-time high. Since Brexit, holiday prices to Europe have jumped more than 35% and the fall in the pound means you’ll get less sangria for your travel money. We don’t advise to get a loan for holidays abroad, as these loans are intended for unexpected expenses. That’s why […]

Continue Reading

Fraudsters and How to Keep Your Money Safe

As technology grows, so does the cyber crime. Every 15 seconds someone in the UK is scammed out of their money online. Financial Fraud Action UK said there was a 53% increase compared to the year before! More of us are using our credit and debit cards online and divulging our bank details, making it […]

Continue Reading

Summer Saving Tips

When you’re hit with an unexpected bill, a short term loan is a quick and reliable way to correct the situation. However, taking out a short term loan should be considered carefully as there may be cheaper alternative options. This is one of the many reasons why we save for a rainy day. Funnily, the […]

Continue Reading

What Finance is Best For You

Finance is a broad term – there are so many options available to you. From store cards to instalment loans for bad credit, there’s no shortage of how you can get credit, regardless of your credit rating. Over 60 million credit cards were in use last year and over 2 million people took out a […]

Continue Reading

What Your Taxes Pay For

There are just over 30 million taxpayers in the UK at the moment – that’s around 46% out of the total population of the UK. While that may look like over half of the population are avoiding paying tax, that definitely isn’t the case. Children, OAPs and the unemployed don’t have to pay tax, of […]

Continue Reading

Car Maintenance – Cut the Amount of Cash you Give to the Garage

The average hourly rate for garage repair stands at £75 – and if you go to a BMW dealer it can cost over £200! But getting your car fixed doesn’t have to be a financial pain – there are some brilliant ways to save some serious cash when you need to take your car into […]

Continue Reading

UK Unemployment Coming Down – Is it Easier to Find a Job Now?

Unemployment levels may have fallen to just 1.6 million people – which accounts for 23.25 million full-time workers and 8.55 million part-time workers. So, at 0.77 applicants per vacancy, does it mean it’s now easier than ever to find a job? So why has the level of unemployment fallen? The decrease in unemployment in recent […]

Continue Reading

Can You Afford to Work For a Charity?

With over 195,000 registered charities to choose from, it seems it would be easy to find a job in the voluntary sector. From helping out in animal shelters to donating time to helping children to read, there’s no shortage of charities in the UK. Most people take on voluntary work as a hobby in their […]

Continue Reading

Everything You Need to Know About Renting

  In 2005 1 in 5 young adults lived with their parents, but now it’s risen to 1 in 4 thanks to low salaries that don’t line up with inflation and housing prices. But renting for the first time, whether it’s with a friend or two or your first place on your own can be […]

Continue Reading

The Best Options For Your Savings

Almost 17 million Brits have less than £100 stashed away in savings, according to This is Money. For a lot of us, it’s starting to save and sticking to it, as opposed to having no money to save. It does also depend on where you are in life. A huge 3.5 million of us have […]

Continue Reading

5 Ways To Grow Your Personal Finance in 2017

We could all do with a brighter financial outlook but, in order to get that, we could probably all do more to make our money go further. With a little effort and some smart decision making, there are ways we can all grow our personal finances in 2017. Here are five ways to do just […]

Continue Reading

Benefits of a Workplace Pension

A pension is your financial security for your future after you have retired from working. For the majority of people the government will provide a state pension, covering all of your basic needs, but adding money to a workplace pension during your career is beneficial to you. Since 2012 there has been a rollout of […]

Continue Reading

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 […]

Continue Reading

How to Treat Your Loved One on Valentine’s Day

With Valentine’s Day coming up tomorrow it is the perfect time to have a think about what you are going to do to make it a very special day for your loved one. Loads of romantics will push the boat out, putting them at risk financially as a result. There is no need to do […]

Continue Reading

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 […]

Continue Reading

How to Ace a Job Interview in Advance

The job market can be extremely tough. You are either well prepared but do not have any experience or you have too many qualifications. Acquiring a great job is quite an accomplishment. However, most people do not do that well at interviews. With the pressure building up they start feeling stressed. Emotions are normal and […]

Continue Reading

Writing a Kickass Cover Letter

In a world defined by ’30 under 30’ type lists, everybody wants to do an outstanding job. However, most jobs worth their hype require a lot more effort than usual. Differentiate yourself A cover letter is not mandatory, but it does help. Remember, you will not be the only one applying for that particular job. […]

Continue Reading

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 […]

Continue Reading

Starting a Hobby in 2017

What greater way to enter the New Year than by taking up a new hobby, and potentially finding a passion to last a lifetime. Whether you take up a sporting pursuit, start sewing, reading, writing, hiking or any of the plentiful options you have at your disposal, have fun and take a look at some […]

Continue Reading

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 […]

Continue Reading

What Creditors See On Your Credit Report

In today’s world, we are constantly bombarded with advertisements for quick cash and free credit scores. Credit reports are a necessary when buying a home, car, and other big expenses that will require a loan. Knowing the information that the creditors will see on your report can make a huge difference in the amount of […]

Continue Reading

Great budget Apps to Ease Your Daily Life

Finance and budgeting are quintessential to our daily lives. However, due to day to day stress and innumerable things to do, most people forget all about sticking to a budget. The fact that many of us write our financial dos and don’ts on frilly pieces of paper doesn’t help either. There is good news, though. In this […]

Continue Reading

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 […]

Continue Reading

Christmas Is Right Around the Corner, Why Being Ready Makes the Season Merrier!

The Holidays are right around the corner and with all of the fun and merriment also comes bills and stress. Having a plan ready to help with the additional costs is important to your financial well-being. Planning for The Holidays is something you should be doing all year long. Although you may think that it’s […]

Continue Reading

Guy Fawkes Night Ideas

Bonfire night is just around the corner and with it coming so soon after Halloween it is often an issue of finding the right amount of cash to have a good night without it feeling cheap and not worth the hassle. Here are some options for Guy Fawkes Night on a budget. Have a Family […]

Continue Reading