When you are working out the costs of getting your new or second hand car it’s easy to forget about the running costs. So this helpful guide will cover the standing charges and the running costs to help you budget your annual car expenses.
It can be challenging to find the right car, and an even bigger challenge to work out the best way to finance it. In this article we will talk through the available car finance options so you can work out what’s best for you.
If you're finding it a struggle to keep up with credit cards, loans or store cards, a debt management plan (DMP) may be right for you. This guide explains what a DMP is, how it works, if it might be suitable, and how to get one.
Your credit score gives you an overview of how lenders view your creditworthiness; the extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past.
An Individual Voluntary Arrangement (IVA) and bankruptcy are both insolvency solutions. Insolvency is the state of being unable to pay monies owed.IVAs and bankruptcy are formal and legally-binding agreements between the debtor (a person or company that owes money) and their creditors ( a person or company to whom money is owing).
When applying for a financial product such as a credit card or loan the lending company will use your credit score to help decide whether to lend to you. The higher your credit score the better your chances of getting approved. A high score indicates you have a history of managing your credit well and making repayments on time.
It can be tough when you need a loan to buy a car or for an emergency purchase when you have bad credit, especially if you know you can afford to repay it.Having bad credit doesn’t mean you don’t have a good income, it just means you have had some problems in the past repaying your debt.
It can be tough to find car finance or leasing services if your credit isn't in the best of shape. In today's choppy financial waters it's easy for even the most conscientious borrower to find themselves falling behind or being a little late with the occasional payment, damaging their credit scores.