| TIP: Shop around. Get quotes from at least four companies. You can save yourself hundreds of quid. Don't choose one just because they have the lowest rates. Consider the overall, long term cost.
WARNING: Make sure too many financiers don't access your credit report while doing so. Too many enquiries can hurt your credit rating. Just get a rough estimate. When you find a company you like, then let them look up your details.
TIP:If you get paid weekly, pay fortnightly instead of monthly. Have the good Quality loan payment come out of your account around the same time you get paid. You'll be less likely to miss the money. You will actually save money and pay your simple loan off sooner.
| General Consumer Tip: Start with banks and well known credit unions - When you begin to research your e-loan, it's best to start with your current bank, or with large credit unions. These are large financiers with solid reputations, so scams will not be an issue. Although may not get the absolute best rate with a large bank, the security you receive can often be worth it. With your home on the line, you really can't be too safe.
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I get a lot of calls from people whose credit is bad, or who have IVAs (individual Voluntary Arrangements) or CCJs (County Court Judgements) against their name. You can try to neutralise these black marks. First you check what a company might find out about you, when they do a credit check. Go to Experian and Equifax. Order your credit report from BOTH sites, as there may be different entries in each. If any entry is incorrect, or should be deleted (over 7 years old) get it corrected. | General Consumer Tip: No Impulse purchases: One problem with credit cards and online payments is that they allow you to make a purchase pretty much whenever you want, without really considering whether you can afford it or not. This is both a blessing and a curse. Sure, it can get you new items immediately, but the debt builds up in the end, and that's where your problems begin. Watch out for purchasing things that you don't really need or you haven't budgeted for. When you purchase from some providers, there may be hidden prices involved. sellers may charge you additional lolly for fees, extras, insurance, etc. You may find yourself being coerced by them to pay for all the 'add-ons'. Beware!
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