Wonga receive £10 million bailout

Wonga receive £10 million bailout

It was reported last week that one of the biggest and most well-known short-term lenders in the UK, Wonga, has ended up being saved from bankruptcy, needing the payday lenders investors to provide the business with a £10 million pound bailout. It was revealed afterwards that this money was received from prominent venture capital funds, such as Balderton Capital as well as Accel Partners. Both companies have been long-term investors of Wonga. Warning of collapse This bailout was shortly after the chief executive of Wonga had warned shareholders that it was nearing the point of collapse and would be likely […]

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How to save money on your pet

Owning and caring for a pet can be a brilliant experience. Pets bring so much to your life; love, loyalty, company and purpose. However, if you already have a pet you are probably all too aware that they can seemingly become a vacuum on your bank account. No one wants to give up their pet or the chance of having a furry friend. Furthermore, everyone wants the best for their pet without having to break the bank or take out a loan. To help you save money and give your pet the best care, here are some ideas. Adopt, don’t […]

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How does a student loan work?

As we all know, going to university can offer a fantastic opportunity for our futures and for growth as a person. However, such an opportunity does not come without a cost in the UK, unless you are Scottish and attending a Scottish university. So how do you fund such an expensive experience? If you are starting your undergraduate degree in September or October 2018, the fees you will be paying will be up to £9,250 per year (27,750 in total for the three years). This price is just for the fees and you also need to take into account living […]

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How to prepare for retirement

It may be years off or it may be approaching soon for you, either way it is better to be prepared for retirement when it comes to it. Being prepared for retirement means that you will be able to live out your retirement without worry and to its full potential. But how do you prepare for retirement? Around two years before you are planning on retiring, it is a good idea to start thinking about what your options are for retirement and all than choices you will need to make. You can choose when you want to start taking your […]

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Ways to boost your income online

The internet is a wonderful place which connects people all across the world and provides opportunities to people that they would have otherwise never had. The internet can also become a global marketplace right at your fingertips, in which you can make money. This could be through selling your own items, promoting other people’s products or even completing online surveys. In this guide, we are going to be discussing the things, little or large, that you can do in order to boost your income. These are things you can just do in your spare time, so not a lot of […]

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How do minimum payments work for credit cards?

How do minimum payments work for credit cards?

Explaining a credit card minimum is very simple; it is the minimum that the bank requires you to repay on your credit card every month in order to avoid any extra charges. Not everyone’s minimum payment will be the same, just as not everyone’s credit limit (how much you are entitled to borrow per month) is the same. Your credit card minimum will be worked out based on your own credit card’s interest rate (APR) as well as the amount you have borrowed. Different cards will set a different standard for the minimum requirement to be repaid each month, but […]

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How to Travel on a Budget

How to Travel on a Budget

Do you catch yourself scrolling through your social feed or watching travel vlogs, daydreaming about being far, far away from home in some exotic land? But then you realise that you could never fund a once in a lifetime trip like you see on social media? If that is the case, you are not alone! Furthermore, you may be surprised how much you can actually afford. Travelling can be one of the best experiences of your life, but it does not come without a price. Travelling can be a huge expense and this can put people off actually going through […]

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How does income tax work?

How does income tax work?

How does income tax work? Want to find out more about what income tax is, and how it works? Here at Payday Bad Credit, we take a look at everything you need to know about income tax so that you fully understand the process. What is income tax? Income tax is self-explanatory in many respects: it is a tax that you pay on your income. However, it is not necessarily the case you pay it on all kinds of income but most are included, such as: Wages Profits if you run your own business (this includes websites or apps that […]

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The best ways to rebuild your credit rating

The best ways to rebuild your credit rating

The best ways to improve your chances of being approved for a loan Is your credit rating in the best possible shape it could be in? A bad credit score can happen to any of us. Our credit score does not remain static, and so depending on our financial circumstances, it can go up and down from year to year. The reality is that there are borrowers looking for payday loans no credit check, but they do not have to be. Building up your credit score can give you greater access to different loan products and better rates, since you […]

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Should you lend money to family and friends?

Should you lend money to family and friends?

Should you lend money to family and friends? If a family or friend is struggling with money, struggling in a financial emergency or is finding it difficult to get access to funds due to having bad credit, you may be asked if it is possible if you can lend them money. However, as we all know, the subject of money can quickly become a source of tension if the situation is not dealt with correctly, leading to ongoing feuds, that sometimes end up permanently damaging a relationship. Understandably, this can make you feel nervous about lending money to family and friends when […]

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