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It is best practice to check your credit report at least annually, or even more often. Before applying for credit, you should carefully check your credit report to ensure you understand every entry. It is not unusual to spot a few errors in your credit report. If you don’t pick them up, these mistakes can lower your chances of getting the best credit deals.
Read Check Your Credit Report Annually hereWhat is a credit score? Your credit score is your creditworthiness stated as a three-digit number (0-999). This number represents your borrowings, particularly your repayment behaviour. Always repaying credit in full and on time will give you a high score. With a good credit score, you’ll find it much easier to get approved for credit facilities including credit cards, car loans, telephone contracts and mortgages. Conversely, a bad score can prevent you being approved, especially by mainstream lenders such as the. Here at 1Plus1 we may still consider you even with bad credit providing you and your guarantor meet out affordability and creditworthiness criteria.
Read What is a credit score? hereCredit Guidelines for Gen-Z Gen-Z have arrived! If you were born after 1995 then as a Gen-Z it’s time to understand credit files, so it’s time to read 1Plus1’s credit guidelines for Gen-Z. Here at 1Plus1 we want to remove some misconceptions regarding credit files. Paying attention to your credit file now could do you good later on - just like eating your greens.
Read Credit Guidelines for Gen-Z hereInnovation, targeting consumer convenience and experience have led to many disruptions in the consumer credit market. Most recently, a new consumer credit business model known as ‘Buy Now Pay Later’ (BNPL) has become popular. BNPL providers such as Klarna, Laybuy, ClearPay, and Paypal Credit work with retailers to give consumers access to upfront credit to help them make their purchases. Repayment of the credit can either be staggered in fixed repayments over an agreed-term or settled in a one-off payment at an agreed date.
Read Buy Now, Pay Later - the pros and cons. hereWhen you’re looking for a fast loan or access to credit quickly but don’t have the best credit, you could consider applying for a guarantor loan with us at 1Plus1 Guarantor Loans. Comparing with personal unsecured loans, 1Plus1 Guarantor Loans can offer fast, flexible and affordable loans. 1Plus1 Guarantor Loans can usually be paid out within 24 hours of application if you and your guarantor can provide us with all the information we need, on the day you apply and you meet our affordability and creditworthiness criteria.
Read Fast Loans hereBudgeting is no fun! Here are 4 tips to help you save some money. Usually, such savings tips say the same old thing. Check out what’s coming in and going out. Trim the spend, quit the gym you don’t go to, throw out this, throw out that.
Read 1Plus1 guarantor loans money saving tips hereIf you have more than one credit card, loan or store card, you may find managing the various payment dates worrying. Additionally, there could be interest rates attached to each one too. By consolidating them into one payment, a debt consolidation loan, you could potentially reduce the number and amount of monthly repayments you are making.
Read Debt Consolidation - How To Reduce Your Monthly Payments hereSurprisingly, in reality to lenders, your credit score means very little… Why? Because your ‘credit score’ is simply a number to show a very basic summary of your current financial position, generated by credit reference agencies. This ‘at a glance’ view of your credit file may be handy, but this is NOT the same criteria used by lenders.
Read What does your credit file and credit score really mean to you? hereA Credit Score takes a while to build up and you must be consistent to see real benefits. Most negative items on your credit score will disappear after seven years, but good debt – credit that you’ve handled well and paid as agreed, is good for your score. Here are our top tips that can help to move your score upwards
Read Top Tips to Build Your Credit Score hereWe are “1 Plus 1 Loans” and we provide guarantor loans for people just like you.
Read Guarantor loans for non-homeowners here