Brokers offer services to help people find credit (for example a payday loan), by comparing the market and introducing you to a company that can offer you a deal. A lender, on the other hand, is an individual or an institution who will approve and finance your loan. In short, the two offer very different …
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Online businesses have been booming in recent years. The Covid-19 pandemic may have been a world healthcare disaster, but one thing it did show was the strength of the online business community. It is estimated that the percentage of business conducted online increased 27.9% at the height of the pandemic in 2020 alone. It is …
Credit cards are one of the most common financial products used by Americans over the age of 18. It is estimated that, as of the end of 2021, 70% of the United States adult population carries a credit card, with 34% of Americans carrying 3 or more cards themselves. As a tool to enhance financial …
A soft credit check occurs when you check your own credit score or when a company checks your credit score as part of a background check. Soft credit checks don’t leave a footprint on your credit report. Hard credit checks are used by lenders to review your full credit history when you take out a …
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Contrary to popular belief, the idea that there is a “seven-year rule” when it comes to personal debt is unfortunately a myth. It is a commonly-held misconception that after seven years of holding debt from a loan, unpaid bill or other financial product, the debt will wipe and you’ll be debt-free once again. This is …
A mortgage adviser, otherwise known as a mortgage broker, is someone who specializes in finding the most suitable mortgage deal for your personal needs. Typically, as well as being tasked to find the best value mortgage deal for you, a mortgage adviser can increase your chances of securing a mortgage too. The broker’s commission, which …
