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Daniel

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

What is a Payslip?

What is a payslip? A payslip is a note or a receipt that is given to an employee when they have been paid. A payslip will be given regularly to an employee. Probably once a month or however regularly they receive their wages. The pay skip will show how much the employee has been paid but it will also show how much tax and insurance has been deducted. Payslips will provide proof of the earnings you have received as well as the tax you have paid and any pension contributions that you may have made. They are therefore very important […]

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What is Cold Calling?

What is cold calling? Cold calling is a mysterious thing and we have all been subject to it. Have you ever had an unknown number call you trying to sell some sort of miscellaneous item or alternatively suggesting that you’ve been in a car accident recently? Well, this is what we would define as cold calling. Cold Calling is specifically defined as: “the solicitation of business from potential customers who have never had prior contact with the salesperson who is conducting the call”. The reason for cold calling is to attempt to convince potential customers to purchase an item or […]

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What are e-commerce loans?

What are e-commerce loans? Are you an online seller? If you run a business on the net, you will know that a considerable amount of time is spent trying to optimise sale growth in an increasingly competitive market when so many companies are vying for the attention of online customers. One of the ways you may consider facilitating growth is through funding, such as through payday loans bad credit.  We also take a look at e-commerce loans and explore what they can do for your company. E-commerce loans   E-commerce loans are a form of external financing that can be used […]

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Understanding student loans

Understanding Student Loans If you or one of your family members is heading off to university in the near future, you may want to get clued up on who it is that will be paying for it and how it will be paid for. For most, a student loan will be the first loan they ever take out and owning back such a large sum of money can be daunting. Therefore, it is of great importance to understand how loans and repayments in general work, so that you do not have to spend your time worrying about it. How is […]

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Things you need to know about balance transfer cards

Things you need to know about balance transfer cards What exactly is a balance transfer card, and when can it be used to help with your finances? We take a look at what you need to know when it comes to these type of cards. What is a balance transfer card? A balance transfer in many ways is self-explanatory, it works by shifting debt from one account onto another a new credit card. This balance transfer credit card pays off the balance of your old card through swapping. Using balance transfer cards can help you to manage credit card repayments, […]

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What is an IVA?

What is an IVA? If you are one of the eight million people in the UK currently struggling with debt and paying back credit cards, a mortgage or a payday loan, it may be worth considering an Individual Voluntary Arrangement (IVA). At Payday Bad Credit, we take a look at what an IVA entails, what this means for you and the benefits of arranging one. An Individual Voluntary Arrangement This type of arrangement makes part of an agreement you have made with creditors in order to help pay off some, or all, of your existing debts, but at an affordable […]

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Underwriting For Loan Companies – How it Works

Underwriting Explained When we talk about underwriting, we are referring to the process a lender or finance provider takes when assessing who qualifies for a loan. A person who is by profession an underwriter could be an individual or alternatively, it could be a team of people who carry out the underwriting. Underwriters base their decisions on a series of checks using behavioural and statistical analysis in order to find out which applicants are best suited to their particular product and who they believe will be likely to meet the requirements for repayments. Lenders will have different criteria which will […]

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What can damage your credit score?

What can damage your credit score? Having a good credit score is something which is desirable to all of us. It helps us when we want to access financial assets such as payday loan or a mortgage. Having a credible credit score makes one less of a risk to lenders and therefore, one would not have to stress about the possibility of being rejected since lenders use this score to actively assess whether they wish to grant you a loan. Loan providers will also use your credit score to assess the overall terms of your loan, such as the rate […]

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Benefits of a Loan

One of the best ways of obtaining money when you are facing difficulties is a payday loan. A payday loan essentially allows you to pay off your financial obligations or unexpected expenses before your salary for the month arrives into your bank account. Payday loans for bad credit even let those who do not have the best credit score going to apply and be accepted for a payday loan – so if you have a bad credit score, you too can take out a loan. Taking out a payday loan can save you from penalties imposed on late payments as […]

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What happens when bailiffs get involved?

If you are severely struggling with debts, you may end up having to deal with bailiffs. But what happens when bailiffs get involved? Here at Payday Bad Credit with the various aspects of dealing with bailiffs. Such as receiving a bailiff letter, what action you can take against bailiffs, how the bailiffs should treat you as well as what they can or cant take. Receiving a bailiff letter You may receive a bailiff letter (otherwise known as a ‘notice of enforcement’ if you have not settled an outstanding debt. This could be any of the following: County court or family […]

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