Archive for the 'Money Advice' category

10 Tips on How to Protect Your Finances

March 4, 2021 | Posted under: Money Advice

10 essential tips to help you protect your finances The UK continues to follow some level of social distancing restrictions, and after going through three lockdowns as well as experiencing severe financial uncertainty, now is the perfect time to sit down and have an in-depth look at your finances and find ways in which you can protect them. After all, you've worked hard to earn your money! Here are 10 simple tips to help you transform and protect your finances this year. 1. Check your credit score…

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Borrowers Confused about Payment Holidays and Impact on Credit Score

February 15, 2021 | Posted under: Money Advice

Borrowers Confused about Payment Holidays and Impact on Credit Score Consumer complaints service, Resolver, has reported that many borrowers have been left baffled about the terms of covid-19 payment holidays and the impact that payment deferrals could have on their finances and credit score. Check your credit score now: Check Your Score Covid payment holiday confusion - Lenders charge interest Over one-third of struggling consumers who took a payment holiday on their mortgage, personal loan, credit…

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How to Live on a Budget and Save Money

February 12, 2021 | Posted under: Money Advice

How to Live on a Budget and Save Money For people on a low income or anyone looking to manage their finances better. Living paycheck to paycheck is never a nice reality to face, but if you’re struggling to make ends meet and you’re living on a low income, there are a few things you can do to live well on a small salary. Living on a budget can be done providing that you take the necessary steps to ensure that all your bills are paid and that you can afford the things you really need to…

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What to Buy and What Not to Buy With a Credit Card

February 10, 2021 | Posted under: Money Advice

The Best and Worst Things to Buy With a Credit Card When it comes to figuring out the smartest way to use a credit card, there are a few things that you should be aware of in order to help improve your credit rating, while ensuring that you don’t make credit purchases for unnecessary things that could negatively impact your credit score. We’ve put together this helpful guide of the best things to buy with a credit card to build credit, as well as what you shouldn't buy with a credit card. Check…

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Banks and Building Societies Given 6 Months to Prepare for Negative Interest Rates

February 9, 2021 | Posted under: Money Advice

Banks and Building Societies Given 6 Months to Prepare for Negative Interest Rates Despite the rollout of Covid-19 vaccines, the Bank of England (BoE) has warned high-street banks and building societies in the UK that negative interest rates could be implemented later this year if the Coronavirus pandemic doesn’t get any better due to the recent discovery of new Covid-19 strains, which could potentially lead to another lockdown. As a result, banks have been given a 6-month window by the BoE…

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How to Organise Your Finances for 2021

January 26, 2021 | Posted under: Money Advice

How to organise your finances for 2021 After an expensive Christmas and compulsive online buying during lockdowns brought on by Covid-19, many of us are currently looking to cut spending, save money and clear debt in 2021. Well never fear!  We’re here to help you kick off 2021 with a ‘new YEAR, new ME’ attitude to help get your finances back into shape. Below are top tips and guidance on how to manage money better through savings goals, financial planning, debt reduction, boosting…

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SCAM ALERT - National Insurance Number Phone Calls

January 20, 2021 | Posted under: Money Advice

SCAM ALERT - National Insurance Number Unfortunately, the Coronavirus pandemic has given criminals another reason to target and take advantage of vulnerable people by trying to scam them out of their own hard-earned money. As reported by UK Finance, impersonation scams, whether via telephone, text or email, almost doubled in the first six months of 2020, all due to criminals exploiting the Covid-19 situation. Since then, it’s been predicted that this will rise even more as global illegitimate…

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How to Protect Your Savings from Fraud | 7 Handy Tips

November 9, 2020 | Posted under: Money Advice

How to Protect Your Savings from Fraud 7 tips to help you safeguard your money during Covid-19 While you’d like to think that tragic global events such as the Covid-19 pandemic mean that people come together in order to support one another through these difficult times, unfortunately, it appears that many fraudsters are using these trying times to prey on vulnerable people in the form of scams, phishing and hacking. Back in July 2020, Action Fraud reported some of the most common…

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How do mortgages work? A complete guide to mortgages and how to get one

October 29, 2020 | Posted under: Money Advice

How do Mortgages Work? Here's everything you need to know before applying for a mortgage... Fixed rate? Tracker? Interest only? 25 years or 30 years? Getting a mortgage can be a minefield, with important decisions to make at each turn. Our complete guide to how mortgages work is here to simplify the process for you... With the price of houses being so high, the vast majority of us will never be able to afford to buy a home with cash. Instead, we have to take out mortgages and then pay them…

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Does Klarna Affect Your Credit Score? | BNPL Schemes

September 16, 2020 | Posted under: Money Advice

Does Klarna Affect Your Credit Score? Find out how certain finance options with the Buy Now, Pay Later provider can impact your rating... Klarna, also known as Klarna Bank AB, is a Swedish bank that offers financial services to customers worldwide, and one of their main services is helping online shoppers purchase products through a finance plan which lets them pay for the items later on.  This type of payment plan is commonly referred to as ‘Buy Now Pay Later’ (BNPL), and is…

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