If you’ve ever wondered how the UK credit rating system works, then you’re not alone. On average 165,000 people in the UK search online each month for the phrase ‘What is Credit Rating?’. What’s more, there are countless posts in forums from consumers asking credit-related questions, which are often answered completely incorrectly.
aqua card, a specialist [...]
As you are probably aware, in order to have access to the best credit card deals on the market you need to have a good or excellent credit score. However, the reality is that most of us do not have the best credit ratings due to missed bill payments or applying for too many credit [...]
What are credit building credit cards?
The credit crunch has made it incredibly difficult for people without perfect credit reports to obtain the best credit card deals available. However, there are now plenty of alternative sources of credit on the market, one of the best being credit building credit cards (aka credit cards for people with [...]
In modern society it can be incredibly difficult to get by in day-to-day life without a bank account. However, opening up a new bank account is easier said than done if you have bad credit.
Options available
You might need to consider bank accounts for bad credit; one type that is often suitable is a bog-standard basic [...]
The National Lottery will help fund a new initiative designed to help financially-excluded people in the UK access financial products and to help them manage their money more effectively. The ‘Improving Financial Confidence’ project will work alongside the voluntary sector and social housing providers across the country to help financially-excluded people avoid going into debt.
Improving [...]
How good is your credit rating?
More and more Brits are suffering from a poor credit rating. Credit Action, one of the UK’s main debt charities, reports that there were 1,716 County Court Judgments (CCJs) issued in the third quarter of 2010 and that the Citizens Advice Bureau deal with 9,389 debt cases every day in [...]
Since the credit crunch hit, banks have made it increasingly difficult for consumers to obtain credit. Whether it is a loan, mortgage or credit card, it has never been tougher to be approved. This is also true of bank accounts, as criteria for being accepted for a current account have become stricter over recent years.
So, [...]
How good is your credit rating?
Surveys suggest that as many as one in four people in the UK have some form of bad credit. This includes late payments, repossessions, County Court Judgments (CCJs) and mortgage or loan arrears.
If you have experienced financial problems, you may be finding it difficult to get the loan you need. [...]
Don’t you just hate it when a company asks you to ‘put it in writing’? Are you someone who has a problem but don’t know what to say to get it resolved?
If the answer to these questions is yes, then compareandsave.com has just the thing for you.
In our ‘Tools’ section, you will find a number [...]
In recent weeks, the news has been full of stories reporting on the global credit crunch and how lenders are refusing more people credit with the aim of minimizing their exposure to debt and therefore to risk.
Your credit rating will be looked at when you try to get credit facilities (such as credit cards, loans, mortgages, mobile phone and [...]
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