Secured Loans

Mar 15 2011

A secured loan is quick and simple to arrange, helping you to achieve debt consolidation, lower monthly outgoings, home improvements or a cash injection for your business – avoiding the time, bureaucracy and often penalties, legal costs and valuation fees involved if remortgaging.

Whatever your circumstances, we specialise in finding you the right personal loan at a repayment that you can afford with a fast and friendly service.

JMP Finance was successful because they had access to the most competitive rates and fastest payouts and because they worked with a large panel of lenders so that, should you be declined for one loan, then they would automatically try and arrange your loan with other lenders.

You must be a permanent UK resident, have a regular income, be over 18 years old and a homeowner.

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How a credit rating works and how it can be improved

Apr 19 2011

Whenever you try to access a financial product – from credit to bank accounts – your potential lender/provider may want to take a look at your credit rating.

We hear this phrase – ‘credit rating’ – used all over the finance world, but what does it actually mean?

What is your credit rating?

Well, before a company gives you an answer to your application for credit/a financial product, they may check your credit rating to establish how much of a risk they would be taking if they took you on board as a customer. They’ll ask for your consent to search your credit rating/report before accessing it.

When they access your report, they’ll be able to see how you’ve managed your finances in the past. This will help them decide whether or not they’re willing to provide you with their services – and how much to charge you if they do.

Obtaining your credit report

You can request your credit report from Credit Reference Agencies (the companies responsible for maintaining people’s credit reports). This can help you discover why you may have been refused credit (if you have), and make sure all the information listed in your report is accurate. There are three main Credit Reference Agencies in the UK – Call Credit, Equifax and Experian – and you can normally obtain your report from any one (or all) of these for £2 each.

Improving your credit rating

If your credit rating isn’t as good as you expected it to be/need it to be, or even as good as it could be (perhaps because of debts you’ve had in the past), there may be several ways you could improve it.

Alternatively, if you’re worried about how your current debts might affect your credit rating, you could read some information on credit ratings and how to deal with creditors here.

In general, to improve your credit rating, you should try to:

  • Register on the Electoral Roll – helping lenders can confirm your identity and address.
  • Open a bank account – because potential lenders are likely to prefer dealing with people with ‘proven’ experience of managing their finances.
  • Don’t ‘over-apply’ for credit – if you’re turned down when applying for credit, don’t just apply for a range of other options. If lenders see you’ve made several applications within a short space of time, they may think that no-one wants to lend to you and that you’re desperate for money.
  • Don’t move house too often – although this may seem unfair, some lenders may not lend to you if you’ve moved house regularly in recent years. You’ll get more ‘points’ on your credit score if you’ve lived at the same address for more than 3 years. Of course, if you’re thinking about moving, this isn’t likely to be the main consideration!
  • Stay in employment – again, it may seem unfair, but if you’re always moving jobs, lenders may be reluctant to offer you their money. So – stay in your job for as long as you can (without hindering your career chances, of course… sometimes you may have to move on to get a better job!).

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From Straight Line to Circle: Making the Economic Ends Meet

Apr 06 2011

You work for a living, but you seem to always be playing ‘catch up’ with your bills. You get paid every two weeks, but you’re convinced that all of the people you owe money to get together in a hedgerow somewhere and plan to make your payments due when you are less likely to be able to pay them. If you can’t pay when the bills are due that means you’re stuck paying late fees, finance charges, and higher interest rates.

What would you do if you had the opportunity to laugh in their faces all the way to budget bliss? Well, if you really want to make them ‘pay’, why not consider getting a payday loan?

Payday loans allow you to borrow money in a hurry for emergency situations or for an extra boost of a cash for say a wedding, insurance or a short term bridge loan to cover the smaller expenses. You can borrow the money at anytime as long as you’re steadily employed and can provide proof that your next paycheck will meet or exceed the amount of money you’re asking for in the loan. Borrow the money, pay your bills when they’re due, and then pay the loan back in small payments or all at once when get your next paycheck. They make it that simple so more people will make use of their very convenient services.

Don’t let the credit card companies, banks, debt collectors, and landlords snicker and plan behind your back. Wipe the smile from their faces by paying your bills and leaving plenty of time to gloat in the process. Remember that payday loans can be borrowed multiple times, so be sure to get one or two each month so you can make a complete circle of your monthly budget.

For an impartial quote and comparison for payday loan, seek the services of findthepaydayloan and get a no obligation quote from a plethora of loan service providers. Simply compare the rates in an ordered list and apply online.

 

 

 

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