Benefits of Credit Cards
Sometimes referred to as a “necessary evil” is the credit card. Credit cards are seen to have a bad reputation by some – it seems that if someone finds themselves in debt or over-extended, the finger is always pointed at credit cards. It is correct that credit cards can be a reason for someone finding themselves in debt, but there are many other reasons why a person can find themselves
Read MoreTanya’s credit record did not stop her expanding her business
This is a real case study from a client that was funded through Guarantor Loan Comparison. The name of the individual has been changed for confidential purposes. We all like a happy ending, don’t we?. Well, when Tanya (aged 26) approached one of our guarantor lenders for a loan to expand her business she thought it unlikely. She was self employed, had several late payments, a judgement from a few
Read MoreOpinion Piece: The Payday Myth
Payday loans are expensive with APR’s in the 000’s, the lenders involved prey on the poor and there isn’t a place for them in the UK lending space. This is what the likes of the Daily Mail (see below) would have you believe. But is that fact or just a headline grabbing story to feed readers prejudices? Personally I think there are two sides to every story, and whilst I am
Read MoreA guide to mezzanine finance
When it comes to loans and other forms of finance, we are generally aware of the main forms: guarantor loans, payday loans, mortgages and so forth, however...what about mezzanine finance? For many, this type of funding remains shrouded in an element of mystery, but it really needn't be. Once understood, the concept is fairly simple to get to grips with and could very well be a fantastic way
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Ways to use a short term loan to start a business
If you are considering setting up a business, you may be looking to find ways to finance it. It doesn't matter whether you are starting a consultancy business, a small shop or if you are doing something specific such as selling Fair-trade African baskets, one of the ways in which you can do that is by applying for a short-term loan. But in what ways can you use this type of
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