Nesta Challenges offers £2m incentive for community lenders and fintechs to work together
Nesta Challenges, an organisation whose purpose it is to incentivise the solving of pressing problems throughout society, is now offering a total sum of £2 million as incentive for the development of affordable credit solutions throughout the UK. Nesta Challenges has designed the prize to encourage community lenders to work with fintech companies in order to fix this resounding problem throughout society. What is the Affordable Credit Challenge? Nesta Challenges
Read MoreHow To Become an Underwriter
An underwriter is the person or team responsible for deciding whether to approve a loan or insurance policy. You may have heard the term that "your loan is in underwriting." It means that your application is at the final stages and is with a team of individuals who are deciding whether or not you should be approved. It is a vital role in an organisation and you will get
Read More18-44 year olds Financial Insights Survey
The survey was undertaken by Guarantor Loan Comparison in May 2019 If you would like to re-publish any of the graphics used in this content, please get in touch and we will send you an embed code. Guarantor loans are a viable alternative for payday loans and other high-cost credit. The so-called Bank of Mum and Dad is becoming increasingly important to the UK housing market, particularly for first-time buyers. With
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Amigo Loans Disregards FCA’s Claims into Guarantor Loans
Chairman of Amigo Loans Stephan Wilcke has recently made a statement claiming that the lending company will be fighting back on the supposed false claims made about their business model. Guarantor Loan Comparison investigates: Amigo Loans lends to those who struggle to get loans from the more mainstream banks. This can be down to a number of different reasons, one of the main ones being bad credit, requiring a guarantor
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How Do I Check My Credit Score?
Knowing your credit score and understanding how it works is vital for numerous different financial applications. Whether it’s your first credit card or a mortgage, understanding how credit-worthy you are can be extremely helpful throughout any loan application process; helping you to determine the types of loans you will be accepted for and avoiding those which could potentially reject you, and further damage your credit score. There are three different
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