A County Court Judgement is a legal order a creditor issue against a borrower who defaults. He may issue one against the person who shares unreliable payment behaviour. It is a part of the debt collection process. Through this, he requests the court to take action on the creditor’s behalf. The borrower may receive the notice through …
Who Can Be A Guarantor For A Loan?
Getting a loan can be challenging, especially if you have a bad credit history. In this condition, you may only get a loan with collateral, high income or a guarantor. A guarantor is the most popular choice for individuals facing credit issues. It reduces the risks for the lender and the borrower alike. Moreover, providing …
What is Debt and Does it Affect You?
Debts are one of the most pressing issues that an individual faces. Some major debt examples are – payday debts, credit card bills, utility bills, etc. The reasons for accumulated debts could be unemployment, low income, economic slowdown or bankruptcy. However, debts affect individuals both physically and mentally. They struggle to juggle with other lifestyle …
5 Steps to Switch from a Fair to Good Credit Score
Having a low credit score may have a detrimental impact on your finances. It hinders your chances to utilise credit the next time. Individuals struggling with a fair credit history put their dreams on hold. This is because qualifying with insufficient or indecent credit history is challenging. If you get a loan on a fair …
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Loan Application Declined In The Uk? Here’s What To Do To Secure A Loan
The feeling of facing a loan rejection is scary when some vital payouts are in the pipeline. It will obviously cause disappointment and nervousness at the same time. This is because that rejected applicant needs to look for other avenues to arrange money. You will be surprised to know that 6 in 10 loan providers …
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How To Scale Your Clothing Brand In 2024?
The clothing or retail market in the UK faced challenges over the past few months due to inflation, supply chain issues, and rising energy and material costs. However, according to Feb 2024 stats, “the market may reach over 75 million pounds by 2026.” (Statista). Additionally, the research concludes that women’s apparels generate more revenue than …
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Does Financial Etiquette Allow Borrowing From Friends And Family?
Are you in a dilemma to decide whether to ask family and friends for financial help? Some situations might demand immediate financial attention. Loans from near and dear ones can seem the most convenient way. They are like a reliable source for borrowing money. However, improper handling of finances can increase the tension between personal …
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What Is The Importance Of Your Credit Rating
A credit score is extremely important because it helps you borrow money at a lower interest rate. Chances of better interest rates are high when your credit score is good. When your credit score is good enough, you should be able to avail yourself of lower interest rates. Most of the small loans are not …
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6 Easy Ways To Finance Your Business Needs Easily
Did you come up with a killer business idea? Have all the strategies in place? Do you have money to finance the requirements? This is where the progress stops. Most businesses struggle to finance the initial business requirements like working capital, HR requirements, and meeting deadlines with updated inventory. If you can feel the pain, …
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