This is a guest post by Bryony Merritt, spokesperson for Birkbeck, University of London, and is in repsonse to the news article ‘Average students debts set to exceed £53k’ we published on 16th August 2011. All views are those of Birkbeck, University of London, and may not wholly reflect the views of compareandsave.com. Over recent [...]
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 [...]
Is the UK starting to get back on its feet after the recession of 2008 – 2009 or is the situation still as perilous as ever? If this video by debt management company Payplan is anything to go by, there is still a long way for the UK to go in order to get its [...]
A report by Consumer Focus suggests that the number of people taking out payday loans has increased from 300,000 to 1.2 million in the last four years, with the amount of borrowing totalling £1.2 billion in 2009. The recession had sparked significant growth in the demand for short term loans as consumers were being squeezed [...]
Short term loans are usually portrayed as having extremely high interest rates, costing consumers a small fortune, but is this really the case? I am sure you have seen advertisements on the television for payday loans, or how to ‘get your hands on cash quick’. These are examples of short term loans, which if you [...]
The current economic climate has put a dampener on everyone’s financial plans and those moving home have not managed to escape. In recent years homeowners have struggled with a combination of the costs associated with moving, difficulties in obtaining mortgages, and falling property prices. This has led to more and more people choosing to improve [...]
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. [...]
Choosing a personal loan can be tough. With dozens of lenders in the market offering hundreds of different products, finding the best unsecured loans isn’t always easy. So, to help you navigate the loan minefield, our guide looks at three of the features that are shared by the best personal loans. 1. A low interest [...]
If you’re looking to improve your home, finding the cash can be one of the major factors that you have to consider. With a recent survey from a financial website finding that the average amount borrowed by homeowners to improve their property is £14,000, finding the right loan or credit card can be crucial to [...]
The demand for poor credit finance, including credit building credit cards and personal loans, remained high in 2010 after one third of all credit card applications were declined due to poor credit. The research from Equifax, published in the Daily Express, also found that a third of those declined had no idea why they were [...]
