No matter how good you are with your monthly household budget, you may still find yourself saying I need cash now! at some point or another. Perhaps you’ve got an emergency and you require additional funds to deal with it, or maybe an unexpected opportunity has arisen and you need to act quickly in order to benefit from it yourself. If you need to get cash now, applying for credit from a loan-in-minutes company may be the quickest option. If you can afford to wait just a little longer, there are other ways to make some extra cash. As always, no matter what kind of rush you’re in – it’s important you research your options carefully before signing or committing to anything.
Google has announced today changes to its adword policy for loans focused on Payday loans. It has stated it will ban Payday Loan adverts in Adwords on 13th July , as well as some higher loan adverts in the US.
When you’re looking for credit, one of the main decisions you’ll have to make is whether to go for a secured or an unsecured loan, but what’s the difference? Here’s some information on secured vs unsecured loans.
Match the Cash Ltd – Central Norwich Our Guarantor Loan brand (www.guarantormyloan.co.uk) is a loan lender with a difference. Born in Norwich in 2014 we have been trading and growing ever since. GML is designed to help people borrow up to £5000 providing they have a suitable guarantor in place. We have some exciting Customer Sales and Casework Underwriter roles available. Just waiting for passionate, enthusiastic, customer focussed people to join our growing GML family in Norwich. Working in a city centre vibrant contact centre you will be the first point of contact for our customers and will provide outstanding personal customer service skills at all times. The salary will be £14-18k dependent on experience
When you’re looking for credit, whether it’s a credit card or a type of loan, it’s important to look at the APR before making any decisions, as this will tell you how much you’ll have to repay overall. If you’re unsure about what APR is and how it’s calculated, check out this handy guide for a simple explanation. Understanding APR may seem really tricky, but once you have understanding of the basics it becomes much easier to make borrowing decisions. This is also important when guarantor loans low apr rates, or those that claim that their guarantor loans have a low apr.
Borrowing money is not something to enter into lightly, so it’s important to ask plenty of loan questions specific to the type of credit you want to obtain before signing on the dotted line. We’ve taken the most common student loan, home loan, car loan and tenant loan questions out there and answered them in this handy guide.
What is the suggested debt to income ratio percentage rate? It sounds like one of those boring economic terms that only really concerns those who work in finance or government, but in reality it’s something that everyone should understand about their own finances. Calculating your debt-to-income ratio may take a little time, but it’s not difficult to do and it can be an extremely useful way of knowing where you stand when it comes to your household finances.
Easter is a time of year many of us look forward to, whether we recognise the religious holiday or not. This is because, unusually, we’re given two bank holidays right next to each other – one on Good Friday and the other on Easter Monday. This year, these bank holidays fall on Friday 25th March and Monday 28th March, close to the end of the month.
If you’re looking to borrow around £1,000 - £5,000 with a manageable repayment schedule, perhaps for a new car, a holiday or to make improvements to your home/garden, it’s likely you’ll have come across Guarantor Loans. A relatively new way of borrowing, but one which is becoming more and more popular and well-known throughout the UK, a guarantor loan can be the ideal way to raise the cash you need quickly, even if you have been turned down by other lenders. You see, while you may think that being turned down for a loan will be the general consensus everywhere, a guarantor lender may well approve your application. Why? Read on to find out more…
When you claim money from the government – which millions of people in the UK do in one form or another – it’s likely that you rely on this extra cash in order to keep your life running smoothly. Being able to pay for your rent and bills comfortably is of huge importance, especially for those who have others dependent on them, such as parents or carers. Christmas is also a notoriously expensive time for everyone who celebrates it – there are not only presents to buy, but decorations and food too, not to mention the hassle that closed businesses can bring when you have limited time to get things done. For this reason, it’s important to keep a close eye on your cash this Christmas, so that your festive season is not spoiled by any nasty surprises. Here’s our handy guide to when benefits are paid over the Christmas period and how to save money at this time of year.
Black Friday is a relatively new concept which started over in the US in the late 90’s and early 00’s, and has now become an established event in the UK. In the US, on the fourth Thursday of November (which falls on the 26th this year) they celebrate Thanksgiving – a holiday which celebrates the first harvest of the first non-native settlers in the country. It’s a major part of their wider ‘holiday season’ and many Americans deem Thanksgiving to be a bigger deal than Christmas. The day after Thanksgiving is also deemed a holiday by many states and it’s this Friday – the day after Thanksgiving – which came to be known as Black Friday. As the result of many people getting this day off and their thoughts turning towards Christmas once Thanksgiving is over, the shops put on big sales and events to get people spending in the run up to the festivities. The day has grown so much as an international event, that it’s now observed in over 15 countries and the amount of money spent can be staggering – a whopping $50.9billion in the US alone in 2014.
As a guarantor lender, we see many different people from many walks of life borrowing money for many different reasons. However, one of the more popular reasons that people are borrowing money through us here at Guarantor My Loan, is so that they can purchase a new (or at least, new to them) car, motorcycle or van. Although many people use credit in order to obtain the vehicle they want or need through car finance, research is not always done on how to get the most from this credit, and some borrowers are left paying loan installments for a car which may not have been worth it in the first place. We’ve put together this guide to help you get the most from the money you’ve borrowed, and to help you choose the vehicle which is going to bring more value to your life, thus making your borrowing a positive experience which benefits you in the long run.
Here at Guarantor My Loan we’re pleased to announce that we’ve not only reached the 100 review milestone from our customers, but we’re also now the highest ranking guarantor loan company on Trustpilot with a customer satisfaction score of 9.6/10. We’re incredibly proud of the hard work our team has put in to this achievement, and we look forward to growing our review page as we continue to pay out our popular guarantor loans.
One may wonder there has to be something wrong when we come across statistics like these:
“Over 14% of 18 to 24-year-olds have had a County Court Judgment or Court Decree granted against them(for inability to pay off debts), compared to just one in 50 (2.1%) over-55 year olds”.
At home children may get to start early with money management lessons from parents. However, learning how to manage money as part of a formal curriculum will have far wider impact on children in how they value money, assess risk, make informed choices and take responsibility for their own actions.
It’s a well known fact that human psychology is exploited to make us spend more. All you have to do is run a Google search on how retailers or even restaurants, for example, use our psychological tendency to be irrational in making decisions. If that’s how it works, surely we can use the same to know how to save money as well.
Eviction has been one of the most common causes for disputes between Landlords and Tenants. Another major cause of dispute, as one would imagine, concerns rent deposits. In April 2007, the Rent Deposit Protection Scheme was started as part of the Housing Act, 2004, which requires Landlords or agents on behalf of their Landlords to put your rent deposit in a Government-backed Tenancy Deposit Scheme (TDS).
According to research from the Money Advice Trust, there has been a 16% increase in Bailiff visits across England and Wales over the last two year- 2 million visits in the last year alone. Tough new laws are now in place to check abuse of power by bailiffs, as the number and nature of complaints received by Citizens Advice began to paint a worrying picture for people across UK.
County Court Judgments or CCJs are a paper-based formal decision (not necessarily a hearing in all cases) handed over by a court in England or Wales if you owe money and have defaulted on your repayments. According to the Money Charity, 2083 judgments are issued everyday with an average value of £2,158, which supports the fact they are anything but uncommon.
While the debate on poverty and the benefits system in the UK continues, as many as 8 million people are estimated to be living in dire conditions unable to afford food, rent and basic necessities.
Relationships are based on trust and marriage can rightly be the symbol to mark your trust in the person you choose to be with. However, a recent study by the Cooperative Bank, titled modern Families and households, highlighted their finding which should be of concern.
It emerges that people in relationships across Britain could be keeping as much as £41bn a secret from their partners.
The risks and hazards of guarantor loans have been highlighted recently, following a report from Citizens Advice. In the report, the Citizens Advice Bureau has highlighted concerns about the risks of being a guarantor, although incidences of problems are still very low.
As a responsible lender, we take loan application assessments very seriously to ensure your timely loan repayments do not cause excessive hardships, and therefore risk defaulting repayment (and making your credit history worse).
Being a responsible lender we undertake assessments of each guarantor loan application individually and on its merit. These assessments not only minimise our risk, but also ensure to a great extent that we don’t put the borrower through a difficult situation.
The new season is already off on a start with chaos and uncertainty filling the tent. Who will be the star baker? It’s uncertain and difficult to make a calculated guess until we are at least half-way through the season, and even then we get it wrong.
For various reasons, some loan companies may be reluctant to lend to you, perhaps because you’ve missed payments in the past or if you haven’t borrowed much before. This is where some people turn to loan sharks, or unregulated credit agents, to borrow money. The problem is that often these lenders do not work within the law, and although they present what may feel like an opportunity or a solution at the time, you could find that it was a bad decision when things start going wrong.
It comes as no surprise that application of new technology has found scope in the context of the financial services industry. Thomas Cook, ten years back who would have thought travel agents could be displaced? Or even the black cabs of London for that matter. Tech disruption in financial services was, to say conservatively, waiting to happen.
What if we told you that credit cards stimulate overspending habits? Let’s be honest. We love credit cards. We love plastic because they let us pursue goals or wants closest to completion. If we want it, we can get it. However, are we bewaring of the fact that the very ease and access that we love about our credit cards, can lead us down the debt trap without much of a warning?
Think about it this way- is cashback limited to a credit card or what the supermarket till lady offers you at the end of your purchase? We found out there’s a lot more to think of ‘cashback’ than what it normally means. All you need to do is rethink or reinterpret the meaning of cashback, quite literally.
Now that’s a good start to the week. Today we formally start working with the leading information and price comparison website for a variety of guarantor loan products- www.guarantorloancomparison.co.uk
It’s important to get kids interested in money and how it works from a young age, as any preparation you can give them will be very useful as they get older.
As we all (unless you’re the Queen) have to handle money and pay for things like rent, mortgages, bills etc. eventually, early exposure to cash and how banking works can set your children in good stead for the future, and help to prevent them getting in trouble or making poor decisions due to ignorance.
The idea has been simmering for a while, and now you’re finally making it happen. If you’re thinking about a home improvement project in the coming months, we don’t doubt you will have put in a lot of effort into it already.
And that’s always a good start. However, increasingly we find ourselves with loan applications to pay for home improvement projects that are half way through; to pay for unexpected costs.
It’s the best time of the year and when you’ve had enough of lazing about in the sun, there’s so much you can DIY stuff you can do for summer. And you don’t need all the time and money in the world- Heard about ‘upcycling’?
Got your A-levels? Ready to start applying for your place at University? We compiled some crucial information on how much UK university students were spending, and earning from student jobs last year.
How do you think you will get on with your money? Useful insights to start planning your student budget in advance.
The entire student loan blown up in the first semester itself. Oh yes, I remember being at University two years back, and I know much hasn’t changed. Just like myself, are you struggling with your student budget, looking online for a student budget template and then not sticking to it and yet still wondering, as a student, how to budget and save money?
Unless you’ve been living under a rock, you’ll know that Britain’s place in the EU is something which has been dividing the country of late. The Conservatives, after getting in with a majority in the recent general election, have promised a referendum on our membership of the EU before the end of 2017. This means that it will be put to public vote as to whether we should stay in as a part of the EU (European Union).
Getting the butterflies yet? Time flies and how to plan the perfect wedding might already be feeling like an impossible task. It's very common to think how to plan the perfect wedding, as close to perfect as possible, and just how you had always imagined.
Planning your wedding is a major logistical task, and although professional wedding planners are at your disposal, there is always that lingering thought- money.
This post is not about finding cheap holidays; quite the opposite actually. It's about keeping a check on getting carried away with unexpected costs during holidays that add up to unnecessarily overspending your holiday money while abroad.
Read on to find out how little planning, budgeting and being street-savvy can help check overspending your holiday money.
Today, 6th August 2015, we turn one year old ! It’s been an eventful year to the day since Guarantor My Loan started trading and we rolled out our first loan to customers.
Recently, Greece seems to be the new Miley Cyrus – everyone is talking about it! There seems to be a lot of chat about what is going on, but what we really want to know is how it is going to affect us, especially even if we are not travelling to Greece and have no direct connection to it. Keep reading for a brief, easy-to-read summary of what is going on and how it may affect you.
So what is cashback? We have all come across mentions of ‘cashback’ every now and again. From those pesky ads for top cashback offers to the supermarket till operator asking if you would like cashback. It turns out there is a lot more to cashback offers than you might think and we are talking well beyond cashback credit cards and supermarkets.
9 weeks of holiday for the children may initially seem fantastic, but one can quickly run out of ideas of what to do to keep their little ones entertained, especially on a budget! But don’t worry, we have you covered for the summer, with a range of activities in the great outdoors, and for inside on those rainy days.
Did your mum always used to tell you off for wasting your life playing on your phone? Well actually, she could be wasting money by not doing so!! Below is a list of the top apps that can save you money every day, suitable for smartphone users.
You’ve booked the flights and the hotels, bought some new shades and a spare pair of flipsflops – you are ready right? Not quite, as if you don’t want to be scammed out of yourmoney, or worse getting into trouble with the locals, then you are going to have to betravel-savvy with your money. Here at Guarantor My Loan we have done the research for you in order to give you the best advice on money matters in other countries.
Looking for credit when your financial history is perhaps a little shaky can be a frustrating experience. Not only could you be turned down without consideration by banks and other high street lenders, but you could find your remaining choices are either very expensive when it comes to paying back, or that you can’t get the amount you want. This is where a guarantor loan could come in handy – guarantor loans are aimed at those who may have been turned down by their bank or other mainstream lender. With the addition of a guarantor (who agrees to pay any loan instalments which are not met by you) you could borrow up to £5,000 at much more reasonable rates than those offered by short-term, high interest loan lenders. Read on to discover more about the guarantor –including how to get one.
The recent budget announced by George Osborne included a lot of changes which will affect youngpeople, not least the scrapping of university maintenance grants. The maintenance grant was afundamental part of university finance for many students. It was means-tested, which meant that ifyour parents or guardians earned under a certain amount, you’d get regular payments (usually oncea term) from the government in order to cover rent, food and bills during your time at university.The good thing about the maintenance grant was that – no matter whether you got the full amountor a lesser sum (due to your parent’s earnings) – you did not have to pay it back. The maintenancegrant was just that; a grant. Grants are given out by the government and other organisations for aparticular purpose. In this case, it helped to get those unable to support themselves (or be financiallysupported by their parents) to university.
After 3 terms of university, students can be feeling the pinch when it comes to the summer holidays. So summer is the perfect time to do some work experience, as well as build up your CV! Here are our top 10 ideas for summer work, which will not only make you money, but could actually be quite fun too! Read on to find out more.
Finishing school and heading to university is hugely exciting, however with great freedom comes great responsibility. Suddenly you are being questioned on complicated things like student finance, housing, and module choices! Here at Guarantor My Loan we understand how overwhelming this all can be, so we thought we would help you make a start, by answering all your FAQs about student bank accounts.
Going to university and therefore leaving home for the first time can be a daunting experience. Not only have you got to become acclimatised to living with a whole new set of people and learning your way around a new town or city, you also have to worry about how you’re going to pay for it all. This is not to mention the fact you have to learn do your own washing and cleaning! So how can you fund your time at university? There are a number of ways to do this, and this guide will give you an overview of them all.
Most students who go to university from England, Northern Ireland and Wales will have to pay tuition fees with a student loan. Students from Scotland who stay in Scotland to study do not have to pay tuition fees at all, and those with wealthier parents or who have saved the money themselves may be able to avoid taking a student loan as well. This isn’t to say that taking a student loan is a bad thing, however. They’re very different to the loans you can get on the high street, so make sure you know the full terms and how they will affect you in the future before you apply.
As you will have read in ‘Student Bank Accounts Explained’ it can be hugely beneficial to open a student bank, but the tricky part is choosing which one. It is important to remember, these banks want you! Soon you will be graduates, and graduates have a higher average salary than most and so you are just what the banks are looking for. Therefore, the power is in your hands to choose, and hopefully this unbiased student guide to banks will help you easily compare the difference between what each bank has to offer.
There is no need to sit at home all summer just because you don’t have the finance to go travelling, or go to any of the big festivals. There is another option: free festivals! You will still have to fork out some money in order to travel to these festivals, but they are considerably cheaper than usual. And just because they cost nothing, does not mean they are not as good, as you will soon discover. We have selected our 5 favourites, so have a look at their videos, and then visit our blog Guide to Festivals to start planning!
Many young people choose to travel in the time between finishing school/college and going to university, during a break in their studies, or before they go out into the real world once their time in education is complete. Before you have rent/mortgages, bills, a family of your own and other adult responsibilities to consider, it may be worth making the most of this freedom and see a bit of the world. There are a huge variety of different trips you can do – some obviously a lot more expensive than others. Read on for our guide to your different options, including how to fund your trip.
Norwich has been chosen as the first city in the UK to host Cancer Research UK’s new SlideRider event, which will see thrillseekers plummet down a 100 metre inflatable three-lane water slide.
The slide, which will be open from 11am to 10pm on Saturday, will start on the top of the hill on Theatre Street by St Stephen’s Church down to Rampant Horse Street by Debenhams.
All riders will pay £10 for two trips down the slide and must use an inflatable ring, provided by the organisers of the event.
Once you’ve finished education and you’re starting your life as a working person, giving yourself the best possible start can set you up for success and pay dividends in the future. Even though your time at school, college and/or university is nearly over, it doesn’t mean that you have to stop learning. Summer internships and work experience can be a great way to gain experience and understand more of what you want to do before venturing out into the big wide world. Here’s our guide on how to get one.
One of the most exciting (not to mention stressful) times in anyone’s life is getting on the property ladder for the first time. Not only do you have to find a deposit, find your ideal home and secure a mortgage, but you also have to arrange removals and deal with the transition to a completely different way of living. If you’re looking to make the jump but you don’t know where to begin, here’s our handy guide to the basics.
Having a lot of time off over the summer months is one of the big perks of being a student. It gives you time to recoup and have a small break from studying in what can be a very intensive learning period in your life.
Whether you’re in the market for a brand new vehicle or you’re looking for a second hand car, there are a few things you need to consider before you sign on the dotted line. In this guide, we’ll look at the general rules for buying a car; more specific rules you should follow when buying both a new or used vehicle; and the different ways to finance your new purchase.
Travelling around is one of the most enriching things you can do – you get to experience new things, meet new people and try new foods – all of which give you a rounder view of the world and what you want from it. Jetting off to some far flung destination is certainly not as expensive as it used to be, and there are more ways to travel than there ever has been. While this is fine if you have the money, for some a trip to somewhere new is simply not in the budget. It doesn’t always have to be expensive, however – check out our top 10 tips for saving money when you’re on the move.
Summer Internship in Marketing and Social Media management for Norwich Entrepeneurial Business.
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Internet Marketing Internship
Reference number: SA546RU
Looking to develop skills in website structure and content management? Interested in learning about the Alternative Finance sector? Then apply now for this great opportunity to kick-start a career in internet marketing whilst working in an exciting entrepenuerial start up environment.
OPEN TO FINAL YEAR STUDENTS AS WELL AS RECENT GRADUATES!
Overpaying on energy bills is something that happens all the time here in the UK, yet many of us are unaware that it’s even happening to us. Energy tariffs are not the simplest things to understand, and with all the larger energy companies insisting that they’re the cheapest, how can you tell if you’re overpaying for your household gas? And how can you get the money back if you are?
Making lifestyle changes in order to save money is a chore, but the difference that it can make to your finances can be staggering. When you know that you need to cut back on your spending but you don’t know where to start, try looking at our top 10 tips below. Perhaps you already do some of these in order to keep your household finances ticking over, or perhaps you’re new to being thrifty. Either way, it’s important that you don’t take on too much at once, or it’ll only be so difficult that you give up altogether. Start with one or two changes and get used to these before introducing others. You’ll find your cash flow improves in no time.
Whether you want to lessen your impact on the environment or if you simply want to save money, saving energy in your home can be hugely beneficial. Reducing any energy consumption in and around your property will help you to make a difference to your bills, so don’t shy away from making positive changes to your routines, as every little change will make a difference over time.
More and more homeowners are opting to fix solar panels to the roofs of their homes, but is it worth it? Some may think that they’re a novelty gadget which will soon fall out of favour, but others believe there are many merits to owning a solar panel, so we thought we’d investigate to see whether they’re really a good investment or not.
As the final 30 seats are counted, the turnout for this year's General Election has been calculated at 66 per cent.
This is an increase on the 2010 election, which saw 65 per cent of the population turning out to vote.
The Best Cashback Offers Currently Available
Cashback is something that wasn’t very common a decade ago, but since the recession it’s gained a huge amount of popularity and become mainstream. It’s likely that you’ve heard of the main cashback websites, like Quidco and Topcashback, as well as the cashback benefits that come with some credit cards. Below, we list some of the best cashback offers available at the moment through a variety of avenues, helping you to make your money stretch further.
Fifty years after taking charge of Berkshire Hathaway, Buffett reigns supreme as the greatest investor in history, with a personal fortune of $70 billion. Berkshire’s latest annual report says its market value has soared by 1,826,163 percent under his leadership—an astonishing feat that boggles the imagination.
When Will My Benefits Be Paid Over The May Bank Holiday?
Many households across the length and breadth of the UK rely on some form of benefit from the government. When you hear about people being ‘on benefits’, it usually conjures up thoughts of people waiting in the job centre queue. Actually, the reality is very different to this. Just around 900,000 of the 5,000,000 or so people who claim some form of benefit are unemployed and claiming Job Seekers Allowance. Much of the total is taken up by tax credits, which many families receive and rely upon for certain set expenses.
May is a great month for family days out as there are two bank holidays – one at the beginning and one at the end of the month. Add to this the fact that the weather is getting warmer and many seasonal attractions are open and you’ve got a recipe for some great memory making. However, as much as it’s an exciting time, it can become expensive quickly, particularly if you have a large family. So what can you do to keep costs down this year whilst still having a great time? Here are a few of our favourite ideas:
How Would Each Party’s Manifesto Affect My Finances?
We’re just a couple of weeks away from voting day here in the UK, and the various political parties have started outlining their plans in order to attract votes from those who agree with their policies. Although politics can be rather boring at times, the release of the manifestos is an interesting time as it helps you to decide where you’d like your vote to go, and it also gives you an idea of where you might be financially depending on who gets into government once the votes have been cast. In this guide, we summarise how each major political party could affect your household finances should they get into power this time around.
With the general election coming up in May, it’s likely you will have seen a lot about registering to vote online, on the television and in newspapers and magazines. If you’re not yet on the electoral roll, and/or if you’re not interested in voting in this election, then you may not realise that it has benefits other than voting for politicians and local council.
Did you know that you can save up to £15,000 and pay no tax on the interest? The New Cash ISAs (NISA) announced by George Osborne during the last spring budget have made it much easier for people to save money without the hassle of filling in tax returns on the interest accrued and should really be taken advantage of as much as possible. Of course, not everyone is going to have £15,000 to save in any one financial year, but any amount – from £1 to £14,999 – can benefit from being put into an ISA. Using This Year’s Allowance to Your Advantage ISA allowances run from one financial year to the next, so the amount of time left to take advantage of this year’s allowance is nearly up.
When you receive benefits, whether it’s Job Seeker’s Allowance, Tax Credits or something else, it’s likely that you’ll rely on these payments to get by. Benefits are there to help those who have a low or no income from other places, due to illness, injury or circumstance. Tax credits are given to those with children and there are many ways of receiving help from the government if you fall into one of the many categories. For families and households that rely on benefit payments over bank holidays, it can be worrying when the payment date has to change. Days in which the banks are not open can affect when your payment comes through, and for that reason bank holidays can be something of a worry, particularly when there are two in a row during Easter.
Saving money each month is something that many of us do, even if it’s just a few pennies here and there. It’s nice to feel that you have something put away for an emergency or for a rainy day, or perhaps you prefer to save for a specific thing, such as a holiday or home improvements. Whatever your saving style, it’s important to put your money in an account which is going to give you a good rate of interest.
We all rely on our phones these days; to keep in contact with our loved ones, to take and store pictures of memorable days and people, and to use for getting online whilst on the go. It wasn’t long ago that mobile phones were only just taking off. Touch screens and even screens which were in colour were new and exciting. Nowadays you’d be hard pushed to find a phone which doesn’t have these features.
Saving water at home isn't all about saving the environment; it can have a real impact on your personal finances as well. Making small changes in the home like fixing a dripping tap or always filling the dishwasher can really help you keep money in the bank. Our Infographic will show you the best ways to make savings by making small changes to your lifestyle.
Coupons are a great way to save money when you are shopping online and on the high street, and with Google at hand you can find a coupon more often than not. We've compiled a quick guide to where to find coupons for everything from a new pair of shoes to your next meal out.
Various benefit payments have been created in order to help the people of the UK population who really need it, so if you qualify for help, then it’s always best to claim.
Buying a second hand car is something that many of our customers would like a guarantor loan for, so we thought we’d put together this factsheet to help you get the best deal for your money.
Eating cheaply can be a challenge, particularly if you have a large household, growing children or large appetites to contend with. It can be particularly hard to keep your food budget under control, particularly when the price of food keeps fluctuating. There are ways to eat well on a low income, here are our top 5 cheap meal ideas.
Have you been declined by your bank or building society for a loan? There is an alternative; with Guarantor My Loan, we are a Peer to Peer Lender. What this means is that we look for suitable people who are looking to invest to support borrowers looking to take out guarantor loans.
Our latest infographic, by making simple changes to your shopping habits and the things you buy you could slash pounds from your grocery bill each and every time. Read on to find out how to save.
Many people find saving daunting, but you only have to put a little away regularly in order to make a big difference. The £2 savings scheme is the perfect example of an easy way to save if you only find yourself with a little bit spare each month. There are many variations of the £2 savings scheme. We list the most popular below.
Strapped for cash during half term? Planning an activity a day is a great way to have fun and pass the time, we have some ideas that won't cost you any money at all, or very little.
Its Valentine’s Day this Saturday, in case the shop windows emblazoned with pink and red haven't already told you. We’ve decided to take the hassle out of searching for the cheapest deal on red roses by listing some of the cheaper deals here, just for you!
We like to be rewarded in life, whether that be loyalty points on our groceries or cashback rewards on our shopping. With that in mind Guarantor my Loan offer you a cashback reward, if you repay your loan in full and on time. After your last payment is made we'll give you 1 month's payment back, paid to your guarantor, as a thank you for being a great customer.
Contactless payment is a method of paying for goods and services that has become more widely available in the last couple of years, to the point where, for some, it has become totally normal. You may find that, when you receive an updated debit card from your bank, it’s got the contactless payment symbol on it, which looks a bit like the very recognisable WiFi symbol.
Our customers have voted us as one of the Top 10 Alternative Finance providers on Trust Pilot. Their independent reviews rating the service we provided help us to understand what our customers need, and provide you with a better service. We're proud to be included in the top 10!
The month of love is upon us and happily, Valentine’s Day falls on a Saturday this year. This means that many won’t be stuck in work and can spend the whole day with their significant other. If you’ve got someone special in your life at the moment, then it’s likely that you’ll want to treat them to a Valentine’s to remember. However, with Christmas debts still stinging the bank accounts of many, Valentine’s can come around a little too quickly.
The deadline for online Self Assessment submissions was the 31st January, but what if you missed it? If you've missed the tax return deadline there is now an automatic fine, sometimes negotiable but only in certain circumstances.
Monthly charity challenges are fast becoming regular trends in the UK, and one of the more recent ones, Dry January, is going without alcohol for an entire month. For some this may sound like an easy proposition, but us Brits do tend to enjoy the odd tipple now and again – you may even drink more than you realise.
Nearly half of us here in the UK don’t understand what our rights are when it comes to returning sale items, which is interesting considering the amount of sale shopping we like to do. But what if you buy something in the sales and you decide that you don’t want it anymore? What if you’ve bought something which has a fault? What happens when you want to return something you bought online?
If you have had trouble accessing credit then you should look to improving your credit score. It sounds complicated but you can take some simple steps to take control of your finances and give yourself the ability to access better credit in the future. We've already talked about what a credit report checks, and for this post we'll focus on you can do to improve the report you receive.
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We apply for personal loans to fund a large purchase, but what are these purchases? To better understand what our customers financing we did some research in to the top reasons for taking out a loan and other interesting statistics around the personal loans market. Read on to see the full infographic...
Tax Return - two words guaranteed to make any self-employed person frown. Not only can it seem like a complicated process, but the deadline seems to come around more and more quickly each year. The deadline to file your return is midnight on the 31st January.
If you’re running out of time to get your tax return submitted, then take a deep breath and read through the following steps. You still have time!
Our flexible friend, the credit card is part of our every day life and has been since the 1960s, it is the normal way to pay for goods and services and to access cash from an ATM, but will it be around for much longer? There are many new ways to pay, and they are likely to become mainstream within in the next 20 years, maybe even the next 5 or 10.
Credit reports are very powerful things – a good one will open many doors for you and a bad one can make it little harder to get to where you want to be. If you’re looking to get any type of credit, be it a guarantor loan, a mortgage or even a mobile phone contract, a good credit rating will give you a better chance at succeeding.
Shopping from the comfort of your own home on a tablet, laptop or mobile, has become a normal way to purchase goods in recent years. Just a decade or so ago we were still heavily reliant on the high street, now online shopping has become normal and more advanced as our demand as grown.
Now that Christmas has come and gone and it’s back to normal routine, you may be looking at your bank account and wondering what on earth happened. Overspending at Christmas and New Year is something that we’re all vulnerable to, especially on overdrafts and credit cards, as they’re often the most accessible forms of credit.
Cashback has been around for a while now, but it’s surprising how many people fail to use it to their advantage. You can claim cash back on a huge number of things, from hotel stays to your food shop – savvy shoppers earn thousands back each year simply by navigating their shopping through cashback websites. Don’t miss out: read on to find out more.
Guarantor Loans, a way of securing lending with the help of another, have risen in popularity over the last few years - you may have heard of someone acting as a guarantor for a loan or a rental property.
What happens to your benefits payments over the festive period? Knowing what changes when banks, post offices and HMRC close is really important. Whether you’re on temporary or long-term benefits, it can be confusing about what happens to your payments over the festive season, as many banks and government offices are closed on days that they usually wouldn’t be.
Our underwriters will ask for documents to support your application. Identification will be requested, to verify your identity and to help prevent fraud and to help Guarantor My Loan meet Anti-Money Laundering Regulations. Most common forms of ID are your Driving License and Passport.
Loan underwriting is the process that we undertake to analyse all of the information provided by each applicant.
At Guarantor My Loan our experienced team review each case taking into account both the current and future affordability of loan repayments based on income and outgoings, we compare key credit data such as mortgages, loan, credit cards and bank records against what is disclosed by you in your application.
We also like to get to know you so we can take into account why you may have adverse credit and we often ask for copies of your recent bank statements during the underwriting process which helps us understand how well you manage your money. On occasion an underwriter may ask for further information for example payslips if your income cannot be verified. All this information allows the underwriting team to review each case to assess the likelihood of borrowers making their required payments.
These underwriting steps allow Guarantor My Loan to assess your ability to meet repayments in a sustainable manner without you incurring financial difficulties.
Why Does My Credit History Matter?
You may have heard different terms being bandied about like ‘credit report’, ‘credit history’ or ‘credit rating’. These can all be a bit confusing if you’re looking to borrow for the first time or if you’ve been turned down for something like a mobile phone contract or similar, due to your ‘credit score’. The likelihood is that you probably haven’t thought much about your credit report and what it means to you until it prevents you from doing something.
Guarantor My Loan is partnering with Trust Pilot to offer customers the chance to leave their reviews of the service provided.
Guarantor My Loan has teamed up with Zopim to offer Webchat to our customers. This means that if you have any questions while completing the application you can ask a question to one of the team and they will be able to answer in real time. Alternatively if you have any questions out of our normal business hours, which are 9am-6pm Monday to Friday you can send us a question and we will answer it directly to you when we get back.
Before asking a guarantor to stand behind your loan and become a guarantor it is important to have a think about what would make a guarantor.
We face many different choices for the products and services which we buy. To make decisions on which to buy we may use a variety of different aspects such as
Price
Quality
Expected Life
Sellers name and reputation
If you are planning a big purchase or need some extra cash you should always ask yourself whether you can repay it. It is very important to work out how much you can pay. Make sure you are realistic about how much you could pay if your mortgage or rent went up or you had to spend more on things like energy bills.
The Chancellor of the Exchequer George Osborne, gave a widely watched speech this past week sharing his vision on the UK and their future competitive position in the world - specifically in the world of finance. Pointedly he wants to be number one in the world of FinTech, establishing the UK as a bastion of innovation challenging financial centers around the globe.
The FCA has announced a consultation process with regards to financial services in Social Media.
Draft Guidance has also been published to cover all areas of Social Media, including Facebook, Instagram and Twitter.
This is a complex area and examples of potential compliant and non compliant advertisments are included in the consultation paper.
At Guarantor My Loan we understand that from time to time customers can miss a payment. When this happens, the best thing (for your credit rating and your account) is to get back on track as soon as possible. Whatever your situation, we can always find a solution that's right for you.
The Chancellor today announced a series of measures to support the growth of the country’s emerging FinTech sector and encourage innovation in finance, including supporting alternative finance providers and exploring the potential of virtual currencies and digital money.
How to reward your Guarantor for helping you with your loan.
It is easy to take the fact that your guarantor has offered to help you out by supporting your loan application for granted. It is important to remember that this is a big commitment from your guarantor and therefore what you can do to show you appreciate the support.
FCA consults on a price cap for High Cost Short Term lending
The FCA has published its Consultation Paper on a total price cap for High Cost Short Term credit (HCSTC) and is seeking responses to their consultation questions by 1 September 2014.
They plan to publish their final rules in early November, allowing firms to prepare for the introduction of the price cap, which must be implemented by 2 January 2015.
Using Guarantor Loans to Improve Your Credit
Many people believe that being in debt is bad, no matter how much you owe or who you owe it to. The truth is that we can’t access and use credit to buy homes or cars without going into debt. In many cases, the problem is that consumers have simply taken on too much debt. We understand the yearning to be debt-free, but we also know how using debt (credit) such as guarantor loans to your advantage can help you get the things you want in life.
Protect Yourself From Fraud
Guarantor Loans are a great way to consolidate debts, get some extra cash to cover an unforeseen expense or take that well deserved Holiday. However, there are unfortunately malicious individuals out there who would try to take advantage of you. Fortunately, there are some things you can do to protect yourself from personal loan fraud
When you’re searching for a suitable way to borrow money it's easy to become overwhelmed by the many choices available; Payday loans, credit cards, logbook loans, guarantor loans and more – being faced with so much choice can make it difficult to choose.
Guarantor loans are an important alternative to consider when making your decision - we've compared the to other options you may be considering, in order for you to make an informed choice before applying.
In simple words, a guarantor is a person known to the borrower personally, and is willing to guarantee the borrowers’ ability to repay the loan. A guarantor must therefore:
Match the Cash is proud to announce that it has launched its first lending product, through GuarantorMyLoan.co.uk
Guarantor My Loan is launching with a significant innovation in the Guarantor Loan market. Our product offers a Bonus Reward if payments are made on time and in full for the first 12 months. The Bonus Reward will be equivalent to one full instalment and will be made available after the 12th payment is made.
If you are thinking of being a guarantor for a friend or family member’s loan application, there are a number of things you need to take into account.
The First is simply a question of trust. How well do you know you friend or family member? If you know you can trust them to make their repayments, we are happy to provide them the chance to build a credit rating, so hopefully in the future they can borrow without a Guarantor...
Guarantor Loans are very attractive to many borrowers for a number of reasons. They are generally easy to apply for, making it a convenient option for financial needs. In addition, Guarantor Loans are unsecured, which means it has no security against a specific asset.
Many borrowers consider Guarantor Loans for a variety of situations, although there are four main reasons most people take out a Guarantor Loan:
Automated underwriting systems are formula-driven and do not allow for personal judgment calls. Although human eyes still review each application, the decision is mostly made by computer.
If a borrower has suffered a recent job loss or illness, for example, but is back on solid ground financially, his credit score may have dropped. If the score has fallen below the minimum allowed by an automated system, the borrower will be declined. Manual underwriting is especially helpful when a credit score is close to the guideline but still short of the approval threshold.