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Daniel

Daniel is a loans expert based in London and has been working in the payday loans industry since 2010.

How Do You Become an Underwriter?

If you are considering a career in the world of insurance and loans, being an underwriter may be an option you are seriously looking into. What is underwriting? For clarity’s sake, an underwriter is responsible for the process of underwriting. Underwriting takes place when financial lenders are reviewing an application in order to make a final decision on whether the applicant is suitable. This they are, the underwriter will approve the loan. An underwriter could be an individual or team of people who carry out the process. These people make their decisions based on a series of checks, behaviour and […]

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The Different Markets for Loans

It is common for payday loans to frequently hit the headlines all across the world. However, this is not always for the right reasons as payday loans are often demonised in the media. Their reputation is often unfair, especially since the introduction of the FCA as regulators – since then, there have been far stricter rules put in place to ensure fair lending is practised in the UK. Plus, there are always new payday loans companies trying to offer new and more competitive rates. But what about other countries? What are the rules like in those markets? In this guide, […]

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How to cancel a direct debit

Direct debits are one of the most convenient features of having an online bank account. It allows you to set up a certain amount of money to be taken on an agreed date, which can vary. People tend to use direct debits for things like their household bills. You may have outgrown a particular financial obligation and are needing to cancel the direct debit you have set up. But how do you do you go about this? In this guide on Payday Bad Credit, we will be taking you through it so that you do not end up unknowingly paying […]

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Can you apply for a loan on behalf of someone else?

Perhaps you are in a situation where you have a friend or a family member which is in need of a loan but has tried and cannot get one themselves. This may be because they have bad credit/ a poor credit history. As such, they may have asked you to take out a loan on their behalf. If you are put in this position, it can be hard to know what to do. Of course, you will want to help your friend or family member, but you also have to weigh up the options before making that decision. To help […]

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Can loans help my credit rating?

Payday loans are officially the fasted growing type of lending on the current market. They are a short term loan which offers you the ability to bridge the gap between pay cheques. But many people are now using them for more than just borrowing money, they seem to be using them as a way to boost their credit rating. As you are probably aware, to get a good deal on a payday loan you are required to have a decent credit score. The higher your score, the better deal you are likely to receive. You may also know that if you […]

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How Student Loans Are Different in The UK VS. The US

It is always a point of curiosity for us to Brits to discover just how different we are from our cousins over the pond. One of the many ways we do differ is to do with student culture and how we pay for our University, or as they would say “college”, experience. In this guide on Payday Bad Credit, we take a basic look at how student loans compare in the United Kingdom vs those over in the United States of America. Perhaps we could learn something from each other? The Cost of UK Student Tuition It certainly has been […]

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What went wrong with Wonga?

You may have heard the news that Wonga, the loans provider, has gone into administration. This is despite only six years ago, the founder of Wonga describing the payday lender as a “platform for the future of financial services”. However, clearly, it does seem that the future did not work out as the had wished it to. But what actually went wrong? In this guide, we are going to be discussing where Wonga went so wrong to result in administration. In August 2018, Wonga held emergency talks with the Financial Conduct Authority (FCA) to do with the impact of its […]

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Loans or Credit Unions?

In recent years, there has been a growing call for local authorities and other public bodies to provide their staff with the option of a payday loan when they are struggling to make it to the end of the month. This just seems like common sense to a lot of people in today’s world and given the virtue of Councils with the status of stability. They also have access to low interest rates by which employees could seek the advantages of when they find themselves strapped for cash. What is a payday loan? A payday loan is a form of […]

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Reasons to complain about your loan

If you have taken a payday loan out, you may be due compensation. You will also be aware that a payday loan is a short term form of credit which is designed to tide you over until you receive your next pay cheque. Despite the bad reputation payday loans get in the press, the majority of payday lenders do practice lending ethically against the standards and rules set by the Financial Conduct Authority (FCA). This means that it is the lender has a responsibility to check certain things and provide you with certain information before they go about approving your […]

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Do lenders check your credit?

As part of the general practice of ethical lending, payday lenders will check your credit score and credit history. If a lender does not check your credit, unless they specify they offer payday loans no credit check , you have a right to complain if you find yourself unable to pay back the loan. The Financial Conduct Authority (FCA) is responsible for setting the rules of the lending industry and they expect the lenders to carry out a credit check to make sure that the borrower in a position to be able to pay back the loan with all the […]

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