Posted by | Category Blog | Date 11 January 2019

The average UK household debt is now at a record £15,400

Britain’s household debt mountain has reached a new record high, with UK homes now owning an average of £15,385 to places such as credit card firms, banks and other lenders, according to figures released by the TUC. The trade union body has stated that household debt had risen sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing. The TUC said in its annual

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Posted by | Category Blog | Date 21 December 2018

Christmas Shopping on ‘Super Saturday’ is likely to beat ‘Black Friday’ in 2018

Many people wait until the weekend before Christmas to do most of their Christmas shopping. This may be down to convenience of finally being off work for a few days or weeks, or it may be down to disorganisation. Whatever the reason, this coming Saturday (22nd of December) is set to be the biggest spending day of the year, even outdoing Black Friday which is famously the biggest day for

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Posted by | Category Blog, useful information | Date 18 December 2018

Does a guarantor have any rights?

If you become a guarantor you might think that you are signing your life away - and you may be wondering if you have any rights. The answer is yes and no. For starters, being a guarantor means that you have an obligation to cover any payments that are not made by the main beneficiary. So if you have agreed to co-sign a loan agreement with a family member or

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Posted by | Category Blog | Date 29 November 2018

Amigo Loans Reports 40% Rise in Profits

Guarantor loan market leader, Amigo Loans, posted a 40% increase in profits this year, despite a 1.15% fall in share price at 262p. The Bournemouth based lender floated on the stock exchange earlier this year with a £1.3 billion valuation which pocketed £327 million for the founders of the company. The firm has since raised £150 million in the form of securitisation, taking their loan book into a

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Posted by | Category Blog | Date 22 November 2018

Black Friday Statistics

The Black Friday frenzy is upon us! Whilst the 'holiday' used to be a way for American companies to see their profits to go from the red into the black after Thanksgiving, the discounting day has become a worldwide phenomena and the UK has jumped on the bandwagon. Here are some quick stats on Black Friday for you: Expected spending to be £7 billion this year, up from £4.5

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