PayActiv: payday loan alternative for employees?
In the United States, despite its strong economy, many minimum works live paycheque to paycheque. In fact, a recent study revealed that around 40% of workers do not have $400 dollars available to pay for an emergency expense, such as a medical bill or a car repair. It is not uncommon for the working-class population of the US to turn to payday loans to cover costs as and when. Due
Read MoreWhy is APR used to measure guarantor loans?
APR plays an important role when it comes to measuring loans, or in fact, most financial products that are available on the market across the world. But what exactly does it mean for this particular kind of loan, and what do you need to know about it. We explain why it is significant in the loan industry. What is APR? The acronym APR refers to Annual Percentage Rate. This is a
Read MoreAre guarantor loans safe?
Are you considering getting a guarantor loan? Perhaps you are in a situation in which getting a typical loan from a mainstream provider proves considerably difficult. This can especially be the case if you have a history of bad credit (for example, you have CCJs or IVAs on your file, bankruptcy or a number of missed repayments for credit you have access to) all of which can contribute to you
Read MoreStatistics about loans in the UK
Quick Stats 58,000 financial services companies are authorised by the FCA 53,000 guarantor loans taken out in 2013 (could be double by 2018) 760,000 payday loan borrowers last year 1 million students loans in the UK per year (equal to £14 billion) £1.4 billion worth of mortgages approved in the UK in Q1 of 2018 £37 billion worth of personal loans in 2016-2017 3 million people use 'high cost
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What the world cup brings to the UK economy?
It’s been a great World Cup so far for the England Team and many people believe England are in with a chance of taking the trophy home – something which was previously just a distant dream. Due to the success of England so far, the country appears to be united by the hope for the win. But, not only is the world cup bringing us together as a nation, it
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