What to consider before applying for a loan If you find yourself short of cash, you’ll likely consider various options, including borrowing with a loan. Instalment loans can be used to cover different expenses, from household bills and car repairs to vet bills and home renovations. However, before you apply for a loan, there are...
When taking out a personal loan, one of the most important decisions you’ll need to make is choosing the right loan term. How long you borrow the loan for can impact your monthly payments, the total interest you’ll pay, and how quickly you become debt-free. However, finding the ideal loan term isn’t always straightforward, as...
Understanding Loan Fees and Hidden Costs When considering a loan, it’s crucial to grasp not just the amount borrowed but also the associated fees and hidden costs. These elements can significantly impact the total repayment amount, making it essential to understand them before committing to a loan. In this blog, we will delve into what...
Experian vs Clearscore Here at LoanBird, we understand that keeping track of your credit score and financial history is an essential aspect of your financial life. With the rise of online credit score providers, Experian and ClearScore are two of the best credit score trackers that offer free credit score checks, credit report monitoring, and...
Credit Score Guide: What You Need to Know A credit score is a three-digit number that helps lenders determine the creditworthiness of an individual. A high credit score indicates that the individual is financially responsible, making them a lower risk borrower, while a low credit score suggests a high risk of default. Lenders use credit...
What Is an Equity Release? Loans are complicated things in any sense. And, if you are a homeowner, you may be considering taking out a larger loan than most in the form of an equity release. But what does it mean to release equity from your property? What do you really stand to gain, and...
What is a SIPP – and How Does It Work? Planning for your retirement is essential. You have climbed the mountain and done the work – now it is time to reap the rewards and hopefully relax a little! But, to do so, it is essential to make sure, as early as possible, that you...
4 Ways to Help Prevent Credit Dependency When times start getting tight, more and more people start applying for (and even depending on) credit. Even the most meticulously organised of people can find it difficult not to rely on credit to get by – you’re not alone if this applies to you! With LoanBird being...
Will My Credit Score Hinder Me From Getting a Phone Contract? In this day and age, we are all expected to have a mobile phone of some kind for work, our social lives, and general safety. There are plenty of phones to choose from and plenty of phone providers around the country – but...
What Is a Guarantor – and What Do They Do? When making some of the biggest and most important financial commitments in our lives, many of us are asked to supply details for a guarantor. Generally speaking, we all know that that means someone to guarantee that we are eligible for the commitment in...
