Loanable Blog
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Loanable is an online platform that connects consumers and businesses with lenders. We make you Loanable.
Our blog is focused on producing high quality, interesting & thought-provoking content to help our customers make better financial decisions.
Loanable Blog
4y ago
The Selfishness of Generosity
3rd July 2018
Posted by: Guy Mackenzie
Category: Financial Tips
No Comments
Why You
Spend on
Others to
Feel Good
about Yourself
There are a whole host of uncharitable reasons why people give to charity. Google each of “tax avoidance”, “tax relief” and “tax shelters” alongside “charity” and you’ll get almost 35 million results.
But this piece isn’t about those who create a fiscal smoke screen through donations to The Salvation Army or Harvard University. It’s about the con ..read more
Loanable Blog
4y ago
Which Personal Loan is Best For You?
18th June 2018
Posted by: Guy Mackenzie
Category: Financial Tips, Resources
No Comments
Now that we have a working understanding of personal loans, what they are, the various types of personal loans, how interest rates and how the terms of a loan can affect payments, how do we know which personal loan is best suited for us?
Much will depend on what the loan is for, why do you need a personal loan, and also your unique set of financial circumstances, such as your credit history.
Let’s b ..read more
Loanable Blog
4y ago
Interest Free and Interest Only: Should We Avoid These Great Offers?
8th June 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
There are many words that will perk up our ears, and set our eyes bright with joy, and one of those words is FREE.
Another word is INTEREST.
Who wants to pay interest….no one!
So when you combine the words Interest and Free together, you have a sales person’s dream.
On the other hand if you see or hear, 0% or no Interest to be paid, you may experience a slight bit of euphor ..read more
Loanable Blog
4y ago
Personal Loans: Various Types of Personal Loans
7th June 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
If there is one thing we as consumers and borrowers are, and that is spoiled for choice. No matter what it is you may want or need, there is plenty to choose from.
If you need to buy a car, just look at the various makes and models available, and then the different colours, accessories available, and oh yes, do you want petrol or diesel.
Look at clothing, all the many styles, colours, and brand ..read more
Loanable Blog
4y ago
5 Amazingly Simple Ways Anyone Can Save Over £1,220 per Year
10th May 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
We all like saving money, but we can also find it very hard to do so.
Wages have not kept up with inflation, and so more and more, many of us are finding we have more month than money.
There are usual ways we try to cut back on spending, using coupons and vouchers, not going out, walking and using public transport to cut back on car expenses. Even things like taking our lunch to w ..read more
Loanable Blog
4y ago
Questions and Advice on Debt, Credit, Loans, and Insolvency
4th May 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
As a financial counsellor and debt adviser for around 30 years, you really get asked some interesting questions, and also here quite a few personal financial stories. You also get asked a multitude of questions, and while each question is different and important to the one asking and seeking advice, there are some common themes that do tend to dominate the Q&A.
I thought I might ..read more
Loanable Blog
4y ago
A Guide to The Changing Face of Credit Reports and Credit Scoring
24th April 2018
Posted by: Loanable
Category: Resources, Useful Guides
No Comments
The Beginning
As far back as the first time someone borrowed money from someone, the lender had to some how make a determination that the borrower could, and would, repay the loan.
The lender may have based their decision on the fact they knew the borrower. Almost like lending money to family and friends.
The lender may have known where the borrower worked and lived, and may ..read more
Loanable Blog
4y ago
Where Does All The Money Go?
23rd April 2018
Posted by: Loanable
Category: Infographics
No Comments
Have you ever sat down and wondered how much money you will earn in a lifetime? And also how much you will spend in that lifetime.
It may be more than you realise.
As inflation rise, and wages fail to keep up the same pace, more and more households are finding that their money is not going as far as it had in the past.
So let’s use this infographic to see where we are spending our money, and also where we may be wasting m ..read more
Loanable Blog
4y ago
How Transferring Credit Card Balances or a Consolidation Loan Can Save You Money
10th April 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
If you are like many of us, your bank has sent you notices over the years stating if you transfer a credit card balance from another account to the credit card you have with them, they will reduce the interest to 0% for 20 months, or (insert time frame here)
That means no interest will be paid/charged on the account for the next 20 months.
It sounds like a pre ..read more
Loanable Blog
4y ago
3 Steps To Follow To Make Sure You Can Afford a Loan
8th March 2018
Posted by: Loanable
Category: Financial Tips, Resources
No Comments
Introduction
Applying for a loan these days can be confusing, daunting, and even a bit scary.
Things have changed in the banking and lending industry over the years, and as consumers and borrowers, we may not always be “in the know” as to what these changes are, and how these changes may affect us if we wish to apply for a loan.
A few years back there was a “credit crunch” in the bank ..read more