With recent changes to Veda’s credit scoring methods, it is time to ensure your financial behaviour isn’t jeopardising your credit score. Unless you have recently been seeking finance, you may not even be aware of your score. People can be shocked the first...
Interest rates to rise in 2017 Interest rates are expected to rise this year, according to research by Digital Finance Analytics. Are you one of the 20% of homeowners so stretched, they couldn’t meet the repayment costs of a minimal 0.5% rise? What about one of the...
Whether running a small business or managing family investments, you’re constantly faced with decisions which balance financial strain from debt, against the need for money in order to grow. Your cash flow statement will give you a snapshot of how you’re doing. If you...
If you’re borrowing intelligently, you need to understand the choices, and the advantages of each form of lending. There are several kinds of debt, and each is appropriate for different needs and situations. Open credit Open credit means credit where there is no...
Being “in debt” is often demonised, but you should distinguish between bad debt, which holds you back from achieving your goals, and good debt, which provides you with capital to build your business or career. What exactly do I mean by “good” debt and “bad” debt?...
