New Experian tool to help tenants build credit history

Credit Builder software has linked tenants’ rent payments to their Experian Credit report, providing a full and concise report for lettings agents, landlords and lenders. So will this new technology help non-homeowners get unsecured loans or even see them buy a property of their own. The Credit builder is a digital platform to which tenants […]


Are new borrowers too reliant on the Bank of Mum and Dad?

A first time buyers report from the ‘Yorkshire Building Society’ has revealed that 59% of 18-40year olds expect to rely on additional financial help from their parents or family members to get onto the property ladder.  31% expect help towards a deposit, so it seems the bank of ‘Mum and Dad’ is well and truly […]


Borrowing is up but are we more financially savvy than ever?

Latest Bank of England figures show that the amount UK consumers owe on loans and credit cards grew to £1.9billion in March 2016. This is the highest figure in 11 years, and seems to be driven by a sharp increase in borrowing on plastic. Credit card borrowing increased by £635 million over the month, compared […]


Loans for cars drive household lending

Recently released Bank of England figures show that a surge in loans for new cars was the main reason for a big increase in household lending. A loan for a car is secured against the vehicle you are buying so is classed as a secured loan, as opposed to an unsecured loan which is not. […]


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