Credit Cards are one of the most common forms of borrowing, with almost 60 million cards issued in the UK alone (as of Oct 21). Their ease of application, revolving...
News
Read the latest news, updates and articles all about the world of finance. While we are an unsecured loans specialist, we also cover other aspects of finance in our articles which we think might be of interest to our customers. This includes other forms of loans and credit, debt information & useful insights about credit ratings. We may also share statistics and updates from the financial services industry. This page is updated regularly, so check back regularly to view our new content.
Please note, UK Credit does not provide financial advice. None of the articles published on this website are intended to constitute financial advice and should be used for informational purposes only. If you require financial advice, please contact your local Citizen’s Advice Bureau, Stepchange or other independent advisors.
Debt Solutions: Individual Voluntary Arrangement (IVA)
There are several debt solution options available, each with its pros and cons. That’s why we’ve begun a series of blogs, each focusing on a different debt solution. This blog...
A Beginner’s Guide to Borrowing
If you’re thinking of going out into the world to get your first loan, it can all be a bit bewildering and overwhelming. There are seemingly a million different lenders...
Moving Home and Your Credit Score
There’s so much to think about when you’re moving house. Updating your address, setting up new utilities and redirecting your post, let alone packing up all of your belongings. Worrying...
UK Credit Guide: Car Finance
For most people, having a vehicle is a necessity for their day to day life. Whether it's for commuting, shopping trips, medical appointments or school runs we can all appreciate...
Secured Vs Unsecured Loans
There are so many different types of loans available, and the one that’s best for you will depend on your own circumstances and credit score. While unsecured loans are one...
Buy Now, Pay Later
Buy Now, Pay Later (BNPL) is a payment scheme that has recently taken the financial world by storm. The three biggest contenders; Klarna, Clearpay & Laybuy are reported to have...
UK Credit Guide: Lenders
When looking to take out a financial product, it can be overwhelming trying to navigate through the sheer volume of different lenders. It could be helpful to take independent financial...
UK Credit Guide: Open Banking
Open Banking is a relatively new technology that allows secure sharing of bank account information with businesses within the UK. While the system can be a great benefit to many...
The Zen and Art of Credit Score Maintenance
Have you ever been baffled by credit scoring and why yours seems to fluctuate? Is there any rhyme or reason to it? Is it possible to have a good credit...
UK Credit Guide: Interest
Unless you borrow from a friend or get a special 0% rate, lending money will always accumulate some form of interest. In a nutshell, interest is the profit made by...
The Snowball Method
The snowball effect refers to the way a snowball rolls down a hill gaining momentum as it goes. The general gist is that it starts off small but as it...
UK Credit Guide – Debt Consolidation
The phrase is often mentioned when discussions about debts or finances arise, but what does it actually mean? Essentially, debt consolidation is a way to combine some or all existing...
7 Things You Might Not Know Affects Your Credit Score
Your credit score often plays an important role in how financial institutions view you which can affect more than just applying for credit. It can also be checked when applying...