How to Budget Well

Many people are under the impression that budgeting doesn’t not and cannot work well. That is because some people are simply not taking everything into consideration when drawing them up. Yes, you have thought out your monthly expenses as standard, but what about things like your daily coffee or a weekend away? A budget should be very unique to you and your incomings and out-goings. In this guide, we are going to look at blanket rules about how to best budget your monthly expenses to help you control your cash flow. Why should you budget? Let’s start at the very […]

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Are payday loans safe?

Payday loans can help people in a number of different circumstances, particularly if you are experiencing unexpected expenses as a result of an emergency, meaning you need to find cash quickly to help cover costs. However, there are unfortunately certain myths that surround payday loans which can end up putting people off getting one, even when it may help them in their situation. One of these myths that surrounds payday loans regards how safe they are. However, it is completely false that they are not safe. In this article, we will explain how. Payday loans are regulated by the FCA […]

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The payday loans industry is worth £228 million in the UK

The payday loans industry is worth an estimated £220 million in the UK, down from around £2 billion quoted in 2013. The industry valuation is based on 760,000 loans funded in 2017 according to the BBC and an average loan value of £300, equalling to £228 million. This same calculation of valuing an industry based on the money lent out is used for other industries including guarantor loans (£400 million), equity release (£3 billion), peer to peer loans (£4 billion), bridging loans (£7 billion) and lending to family and friends (£21 billion) per year. The industry has downsized significantly over the […]

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New ways to make money from your home

New ways to make money from your home

In recent years, it has become increasingly common for homes to be viewed not just as an appreciating asset, but also a way to make money whilst still remaining in the property. Whilst sometimes all you need is the property to look stunning, or simply being in the right location, in other cases you may need additional guest rooms or outhouses in order to maximise income potential. Nevertheless, there are a number of new innovative ways that you can make money from your home, Payday Bad Credit takes a look at some of the most popular ways to make cash. […]

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How smart technology can help you save money on care homes

How smart technology can help you save money on care homes

We are all living longer than ever before, (reflected in the rise of the age one receives a state pension in the UK, for example) as a result of a number of factors, including medical advances and overall lifestyle changes, such as better diets and more physical exercise. With people living longer, this means that there is much greater attention on life into the retirement years, and especially when it comes to living independently in our homes into our later years. Many of us would prefer to continue living at home rather than go into a care home or at least […]

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Digital alternatives to high street banks

Digital alternatives to high street banks

More and more people across the UK are turning away from the traditional high street banks (for a number of reasons such as a lack of innovation, poor savings rates and customer service, for example) and decided to look at the different types of new payday loans and alternatives that are available on the market: digital banks. Digital banks have been particularly popular with younger people, who are used to frequently relying on apps and websites to buy products as opposed to relying on high street stores. Furthermore, these digital banks tend to offer a whole host of features that […]

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How to save money in the home

Everyone is looking for ways to save money here and there. No matter where you find yourself on your financial journey, you should keep it in mind that anyone has the ability to turn their financial situation around. A great place to slice the amount of money you spend is around the house since this will include your daily, weekly and monthly costs rather than individual big expenses. In this guide on Payday Bad Credit, we have compiled a list of simple things that you can do around the house to save yourself money. Wash Clothes at a Lower Temperature […]

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How to save money running your car

It is known all too well that owning and running a car can be a major expense. It would not be incorrect to say that in some people’s lives, running a car is one of the largest personal expenses they have. Whilst the expense of running a car is appreciated, there are obvious benefits to having a car and some people simply could not go about their daily life without one. Luckily, there are ways that you can save money on running a car and the expenses which are part of that. These methods should help improve your relationship with […]

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An overdraft or a payday loan?

If you are looking to obtain finance for whatever purpose, it can be hard to know which road to go down. Many people prefer the idea of an overdraft as it seems less of a commitment, but is this the case?  Well, as of recent, the Financial Conduct Authority (FCA) has vowed to crack down on the high-cost charges placed on overdrafts. These fees have been revealed to be seven times higher than the interest rates you will find with a payday loan. In this guide, we will run through the differences between an overdraft and taking out a payday […]

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Myths you have heard about payday loans

Myths you have heard about payday loans

As with most types of short-term loans that exist on the market, there are a number of misconceptions about them, and this has definitely been the case when it comes to payday loans. Why is that? Unfortunately, due to the unfair lending practices of certain companies, it has lead to the increase of the proliferation of myths that payday loans are never a good thing, arguably giving it a bad name. However, these reasonably popular beliefs aren’t, in fact, all true, and there are a lot of benefits that come with using an instant cash loan if used correctly. In this guide, […]

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