Category Archives: Debt

3 Ways to Clean up your Credit Rating

3 Ways to Clean up your Credit Rating

If you have a less than satisfactory credit rating in the UK, the chances are that you’re not alone. In fact, one-in-three Britons had credit applications rejected for this reason as recently as 2015, and this remains a prominent issue in the wake of the great recession.

Having a bad credit record does not necessarily need to represent the beginning of a downward spiral, however, as this can be reversed and improved incrementally over a period of time.

But how can you achieve this? Let’s take a look at three relatively simple ways to enhance your credit score:

1. Consider Taking out a Bad Credit Loan

In many ways, the idea of taking out a loan in response to a poor credit score may seem a little counter-intuitive.

After all, not only is this likely to increase your unsecured debt levels, but a negative credit history may require you to make several applications without success.

To negate this, you should consider making a bad credit loan application through a reputable lender such as Ocean Finance. This will afford you access to a viable line of credit, which has a restricted limit and demands manageable monthly repayments.
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How to Deal with Life After Bankruptcy

How to Deal with Life After Bankruptcy

While many of your friends are enjoying the 4th of July, you are either living under the yoke of crushing debt or maybe you are in the process of finalizing a bankruptcy.  For those of you in the latter category, you should rejoice.  Bankruptcy is essentially a do-over for adults as it offers the opportunity… Continue Reading

Common Credit Card and Debt Mistakes

Common Credit Card and Debt Mistakes

Credit cards and loans can be wonderful tools, but they can hurt you if you don’t use them properly. The following are some of the most common mistakes that people make with loans and cards and some tips on how to avoid them: Maxing Out Credit Cards One of the top mistakes that people make… Continue Reading