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Month: August 2016

The Difference Between Secured and Unsecured Loans

Date 16 August 2016

A secured loan involves borrowing an amount of money and ‘securing’ it with a valuable asset such as a car or home. There is a risk of your security being repossessed if the loan is not repaid on time. With large amounts typically borrowed, the lender has some security that they will be able to recover the amount they lend...

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How to Protect Yourself from Online Fraud

Date 16 August 2016

With UK households making more and more purchases online and using email more than traditional post, the risk of online fraud is very real. In 2014, a report by Info Security Magazine showed that the UK lost over £670 million in the form of cyber-crime, a figure that is increasing year-upon-year. Online fraud can consist of the following: Stolen bank...

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How PayPoint Works

Date 16 August 2016

Although a recurring payment from your debit account is the most common way to pay for a guarantor loan, there are several lenders such as Amigo and Guarantor My Loan that allow you to repay by PayPoint, a very clever alternative to making repayments for your loan. PayPoint is a payment facility that allows people to pay bills, utilities and...

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How To Improve Your Credit Score

Date 08 August 2016

Your credit score is a dynamic score ranging from 0 to 999 points and lenders use it to decide whether they should give you a loan. It is a score that highlights your creditworthiness, almost 'how good you are to lend to' with a higher score, the better. Being dynamic, it can change constantly based on several factors but mostly...

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How Debt Management Works

Date 08 August 2016

Debt management involves taking all your outstanding debts and putting them into a well-organised plan to help pay you them off. This process is not usually for an individual with just one or two outstanding payments, but rather multiple repayments and someone who is experiencing a debt spiral, county court judgement or bankruptcy. Also known as debt relief, debt consolidation...

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Understanding APR

Date 08 August 2016

APR refers to the Annual Percentage Rate and it allows customers to compare financial products such as loans, credit cards and mortgages. Expressed as a single percentage, the APR is used by all financial providers across the world and is the easiest way for consumers to see the cost of borrowing and compare across different financial products. Our website allows...

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