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8 selected articles
Check your Credit Score - Free Credit Report | moneyfacts ...
How can I improve my credit score?
What is a credit score?
In brief, your credit score is a measure of how good you are at dealing with credit and debt. It conveys to providers, in simple numerical terms, how safe it is for them to lend money to you, which is an essential part of the eligibility check for many different applications.
Credit scores can influence not just the obvious - whether or...
Guaranteed Bank Accounts - No Credit Checks
Who might benefit from them?
What are guaranteed bank accounts?
The defining feature of a guaranteed bank account is that it does not require a credit check to open. They may therefore be ideal for people with a poor credit rating , or those who haven't been in the UK long enough to develop a credit history.
One of the reasons these accounts are able to forgo a credit check is because they...
Secured Loans - Moneyfacts.co.uk
Are secured loans a good idea?
What is a secured loan?
As with any loan, secured loans allow you to borrow a lump sum of money that you will then need to pay back with interest. What differentiates secured loans from other types of lending is that they require you to put up collateral (i.e. a security that can be claimed by the lender) against the loan.
The most common type of secured loan - and...
Is your credit rating good enough for a mortgage ...
Is your credit rating good enough for a mortgage?
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
After years of saving for a deposit , months of hunting for the dream home and countless hours spent searching for the perfect mortgage , there is still one major hurdle to get over...
Current Accounts with Overdraft Facility | moneyfacts.co.uk
How to apply for an overdraft account
What is an overdraft?
Simply speaking, an overdraft is a debt you go into by spending more of your current account funds than you have. The moment your current account goes into the red, you step into your overdraft - unless of course your bank account does not allow any overdraft, in which case your payment will simply fail.
To make things a bit more...
Bank Accounts for Bad Credit | moneyfacts.co.uk
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Moneyfacts.co.uk Limited is an independent...
Second Charge Mortgage Rates | moneyfacts.co.uk
Bad credit isn't necessarily a roadblock to getting a second charge mortgage either. Even if you have bad credit, you may still be able to get a second charge because the lender uses your existing home as security. However, you may be charged a higher rate than if you had a better credit rating.
Written by Leanne Macardle , last updated:...
What is a minimum payment on a credit card? - Credit cards ...
Minimum payments sound pretty straightforward, don't they?
Basically, all it means is the minimum that you have to repay on your credit card each month.
However, because it seems so simple, the concept of a minimum payment can also be quite misleading if you don't know exactly how it works.
How a credit card minimum payment works
The minimum payment on your credit card is...