Credit Scoring Finance lenders use credit scoring to help them decide whether or not to approve applications for loans, credit cards, mortgages and other forms of credit like mobile phone contracts. Since the recession we have seen credit scoring being used more and more to determine which interest rate an applicant should be charged...
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This is an article that I felt our readers would enjoy it was written by Colin Fernandez of the Daily Mail Online 27th September 2010 When Cameron Hope tried to get a loan to help his business grow he felt as if he were talking to a brick wall. In fact, he became so...
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Just as the world is warming up, the credit climate has undergone a profound change since the recession took hold the money saving expert has discovered. According to the latest Bank of England figures, around 1.6 million of us apply for some form of credit every month, from loans and cards to mortgages –...
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You may think the odds are in your favour when it comes to being a victim of identity fraud. But using other people’s stolen personal details to obtain credit and commit scams is one of the UK’s fastest growing crimes – and the fraudsters are always on the look out for ways to up...
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The days of easy credit are long gone – if they ever existed. Now, you need a really good credit rating to be in with a chance of getting the best deals. These money saving tips could help you. Understand how lenders make decisions. They calculate your credit rating (or score) by giving a...
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The spectre of losing your job can be terrifying, especially when vacancies are at a record low. But once the initial shock has worn off, redundancy can herald a new beginning – a chance to set up your own business, use any pay-off to clear your debts or find a role that gives a...
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Most lenders use credit scoring to help them decide whether or not to approve applications for loans, credit cards, mortgages and other forms of credit, such as mobile phone accounts. And a credit score can also determine what interest rate the applicant will be charged. Brought to you by money saving expert. A high...
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Knowledge is power when it comes to getting the credit you want. Start by understanding the impact your credit history has on the type of offer you get – or whether you get an offer at all. Your credit history is reflected in your credit report, which lists credit cards, loans, mortgages and other...
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Recessions come and recessions eventually go but if you were born in the 1980s or 1990s, you may not know what to expect or how to cope during a period of financial uncertainty. This guide gives all you first-time buyers a few pointers to surviving until the next boom comes around. Your attitude Stick...
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If you developed a strange rash that just wouldn’t go away, you’d visit your doctor – but it’s amazing how many people who listen to health warnings don’t do the same when it comes to wealth warnings. Now more than ever, it’s crucial to monitor your debt levels to prevent a slide into the...
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