Guide to using Experian During difficult financial times, keeping on top of your credit score can give you a valuable insight on how you’re really managing. There are three major credit scoring agencies in the UK: Experian, Equifax and TransUnion. As one of the most popular credit reporting services, Experian is one option for people…
A credit score is a simplified overview of your credit history, giving lenders and prospective loan providers a general idea of your previous credit commitments, repayments and reliability. Currently in the UK, credit scores are measured by three credit reference agencies (Experian, Equifax and TransUnion), who monitor and allow you to check your credit score.…
Tips for paying your priority bills in 2022 With rising living costs, it’s becoming harder to keep up with household bills. As costs put a squeeze on household finances, paying your priority bills has become the main financial goal of 2022. What are priority bills? Priority bills are those that carry the most serious consequences…
Credit scores In its essence, a credit score is a number that lenders (banks, car finance dealers etc.) use to determine the risk associated with loaning money to someone. These lenders decide how much they’re willing to loan you (and at what interest rate) based on your credit score – it can also be checked by landlords…
DRO update: Are you eligible? The rules around eligibility for a Debt Relief Order (DRO) have changed as of 29th June 2021, which means that you may now be eligible when you might not have been before. What is a DRO? A DRO is a type of insolvency that allows you to write off your…
Breathing Space: What it is, and what you should know. It has been a while in the making (as far back as October 2018), but the government has recently announced its plan to introduce a new measure to protect people in temporary financial difficulties from getting into further debt. The measure is called Breathing Space,…
‘Setting off’ – what it means for your finances. Sometimes our finances can get the better of us. Whether we’ve taken on more than we can reasonably afford, or have been faced with a change in personal circumstances, such as a loss of income, it’s easy to see how debts can accrue in a short…