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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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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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What is a Continuous Payment Authority?

What exactly are continuous payment transactions, otherwise known as a continuous payment authority (CPA)? Payday Bad Credit provides you with an overview of everything you need to know about continuous payment authorities (also known as recurrent payments), what they mean and what you can do if you have a CPA. What is a continuous payment authority? A CPA is when you have given a business permission to take money out on a weekly or monthly basis from your debit or credit card, whenever they believe that they are owed money by you. The sorts of businesses who use recurrent payment transactions […]

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How To Improve Your Credit Score

Knowing your credit score is incredibly important if you want to keep your finances in check. It is even more vital to know what your credit score is if you are looking to apply for credit, such as making an application for a credit card or applying for a mortgage. However, once you know your score on your credit file, it may not be what you anticipated or hoped for. This can have a detrimental effect on any applications you making for lending money: a bad credit rating can mean you are refused credit by lenders. Nevertheless, hope is not entirely […]

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