Posted by | Category Blog | Date 30 March 2020

The Best Loan Management Software Companies in the UK

Since our recent blog post on how to start a loans company, we have received a lot of enquiries by people looking to start a new business in the payday and guarantor sector. Very often, we are also asked what is the best loan management software for lenders and with several companies in the UK offering their services, we wanted to give you an overview of the different companies that

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Posted by | Category Blog | Date 09 January 2018

What Economical Factors in 2018 Could Affect Your Ability to Get a Loan?

The UK's debt crisis is getting worse based on a report by The Guardian. In 2017, household debt jumped 7% in five years from £1.5 billion in 2012 to £1.63 billion in 2017. Students will be paying a heavy price for the UK's inflation surge, which will drive the interest rate of their loans by 1/3 to 6.1%. With higher debts come bigger loan applications from individuals.

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Posted by | Category Blog | Date 03 January 2018

What is the Financial Services Compensation Scheme?

The Financial Services Compensation Scheme, known as FSCS, allows individuals and small businesses to claim money from authorised financial services firms that are unable, or likely to be unable, to pay claims made against them. The FSCS is a non-profit organisation which is funded by taxes paid by authorised firms in financial services and can provide claims for: deposits insurance policies insurance brokering investments, ISA, savings accounts mortgages and mortgage

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Posted by | Category Blog | Date 25 August 2017

Using Loans for Business

There are many reasons why applicants take out loans and using loans for business is one of the most common reasons for taking out unsecured finance in any form. There are however, a swathe of options when looking at business funding options. It is important that the correct and most suited finance for your specific business and sometimes industry is taken out as opposed to just applying for what may

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Posted by | Category Blog | Date 23 August 2017

What is a Credit Limit For Credit Cards?

A credit limit is the maximum amount you have been assigned to spend on your credit card. A credit card is essentially a type of loan, giving you the option to borrow a certain amount each month and put it on your plastic card and then repay at the end of each month. A credit limit is pretty much the amount you are able to borrow or your borrowing facility.

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