Money and borrowing help
What is cybercrime?
As the Met Police’s recent Operation Elaborate initiative illustrated, fraudsters are constantly upping their game. It’s up to all of us to get savvy and protect ourselves from this ever-evolving threat.
What is a logbook loan?
As well as payday loans, overdrafts, credit cards, and other short-term forms of personal credit, you may have come across the term ‘logbook loan’. Borrowing money against the value of your car may sound interesting, but what exactly are logbook loans and are they ever worth considering?
What's a loan shark?
A startling piece of research has just been published by the Centre for Social Justice (CSJ), which found that as many as 1.08 million people in the UK are currently borrowing from illegal lenders, also known as ‘loan sharks’, when they are unable to find short-term loans or other more sensible alternatives.
What you need to know about individual voluntary arrangements (IVAs)
When a consumer gets into debt they can't afford to repay under the terms of their loans, they have a few options to consider. Most of us are aware of bankruptcy as a last-ditch solution to debt problems, but fewer of us are familiar with individual voluntary arrangements, or ‘IVAs’.
What is an overdraft?
If you’ve never had an overdraft, you may be wondering what they are and how they are used. Overdrafts are a common form of credit in the UK, with around 19 million British people using an arranged overdraft each year. However, there are also unarranged overdrafts, which 14 million people use. So what’s the difference between an arranged and unarranged overdraft and is it bad to borrow through an overdraft?
A guide to payday loans for self-employed people
More and more people in the UK are becoming self-employed. A combination of factors has led to this rise in the entrepreneurial spirit in the UK. Being self-employed comes with some major benefits but it also comes with a few setbacks. Not least increased difficulties in accessing some financial products, ranging all the way from mortgages to 24-hour loans.