Why Do Business Loans Require Personal Guarantees?
Business loans often require personal guarantees because they give lenders additional protection if a company cannot repay what it owes, similar to guarantor loans. A personal guarantee means a director or business owner can become personally responsible for some or all of the outstanding debt if the business defaults. This can make lenders more willing to provide finance, particularly when a company has limited assets or a short trading history.
Read More
What is Landlord Factoring?
Landlord factoring, also known as rent factoring or rent advance, is a way for landlords to turn some of their future rental income into cash today. Instead of waiting for tenants to pay rent over several months, a landlord sells an agreed portion of their future rental income to a finance provider. The provider then gives the landlord a lump sum upfront. Factored, for example, offers rent advances of between
Read More
How Do I Know If I Was Mis-Sold PCP Car Finance?
PCP car finance claims are sweeping the nation and it is likely that if you are a motorist and have purchased a car in the last year 20 years that you will be receiving letters in the post, text messages, emails and cold calls asking you to claim money back on a PCP car finance deal. To know if you were mis-sold a car finance claim: Check your paperwork on
Read More
Top Ethical Lending Options in the UK
At a Glance Ethical lending in the UK focuses on transparent terms, fair affordability assessments, and clear repayment structures. The options compared vary in loan amounts, APRs, repayment periods, and application processes, including the use of soft searches and Open Banking. Evaluating these factors can help borrowers choose a lender aligned with their financial circumstances and repayment capacity. Why Ethical Lending Matters Ethical lending is an important topic that can
Read More
Who is Responsible For A Debt When Someone Dies?
When someone dies, any outstanding debts will come out of their estate, which is a combination of all their assets, properties and valuables which are calculated when they die. The executor of the will, usually a spouse, child or relative is responsible for managing the estate, but none of the beneficiaries will actually be responsible for it, unless they have: Co-signed a loan agreement, like a guarantor Have a joint
Read More