Tag Archives: experian uk

Buying a new car? 5 key finance tips

Girl in new carLooking for a new car? Whether you’ve gone for a brand new model or a second-hand purchase, you may need to pay for it in stages with a loan or hire purchase. 

With these types of finance, a good credit rating can be the difference between getting a good interest rate or not, or sometimes getting any deal at all.

How much did you spend on your first car?

Many of us will have handed over a few hundred pounds at most just to get our young hands on a car of our own, even if it had seen better days.  Well, things have changed these days, with a generation gap when it comes to car-buying habits.  One in five 18-24 year olds, rather than buying a used and fairly old car, now chooses to lease their car. This is more than double any other age group, with just 5% of 41-45 year olds, and 6% of 46-50 year olds choosing this type of credit.* Continue reading

How to stay credit-savvy in the new year sales

Christmas shoppingWhen it’s time for the New Year sales, shops and suppliers are extra keen for our custom.

And there could be some room for a bit of give and take, with shops probably having plentiful stock to shift in the face of the boom in online discounts.

There isn’t much that cannot be discounted, so it’s up to you to persuade them to do it. Remember that you have nothing to lose, as all retailers ultimately want your custom.

Four quick haggling tips:

  1. Before you venture into a shop, find out what the best price is online so you can ask the seller to match or better it.  Doing your homework could help you get in a position where you can negotiate a happy middle ground. Continue reading

Spreading the cost of Christmas shopping

friends-shopping-xmas-300Most of us spend more in the immediate approach to and during the festive period than we normally would, so it’s probably a good idea to budget in advance and put some money aside – so that come mid-December, you don’t have to dig too much into money you either don’t have, or money you’re going to need in January.

Here are five things that might be worth thinking about:

  1. Christmas is a prime time for buying things that are either unwanted, don’t work properly or don’t fit. But… buying on credit can give you protection. If you buy goods or services on your credit card, you have extra protection if things go wrong, compared with paying by cash or even debit card, under section 75 of the Consumer Credit Act. Continue reading

5 tips for an ‘ace’, money-saving Wimbledon visit

wimbledon-tennis-strawberries-300A visit to Wimbledon fortnight is, for many of us, a highlight of the British sporting summer, along with the Open and the British Grand Prix.

Most of the tickets for the Show Courts, of course, have long since been sold – that is, if they were ever on sale in the first place, as so many go to sponsors and guests.

Every year since 1924 there’s been a public ballot for advance tickets, as demand for tickets way outstrips supply around four times over. Even if you get a ticket, you can’t request the date or court – you have to accept what you’re given.

Read on for our five top tips for a money-saving day at SW19!

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Leaving the bank of mum and dad: the challenges

Young people are often keen to break away and get financially independent, but in doing so there are many financial responsibilities & challenges they might have to deal with.

With student loans and overdrafts taking years to pay off, just how long can young people realistically keep milking the Bank of Mum and Dad?

Signs that you might be ready for financial independence
Sometimes it’s just about being able to rein yourself in when you really, really want to splash out on something you don’t need and can’t really afford, like a luxury item you know you can do without, or a pretty framed picture you’ll have forgotten about minutes after you’ve left the shop. Continue reading

5 tips if you’re thinking of working for yourself

Plumber working on sinkPeople become self employed for all sorts of reasons. Perhaps they want more freedom and want to fit their work around their lives more, perhaps it’s just the best option available, or maybe they feel ready to take on the challenge of running their own business.

Either way, more people than ever are taking the leap into self-employment. According to the Office for National Statistics, 4.53 million people in the UK are self-employed – with 1.67 million taking the plunge in the past five years alone.

Whether you’re a painter & decorator, an internet start-up or planning to write that great novel, there are a few things you could benefit from before you dive into the world of working for yourself. It’s something this writer has tried  – and learned a lot of lessons from. Continue reading

About Debt Awareness Week

Debt Awareness Week: 26 Jan-1 Feb

Debt Awareness Week: 26 Jan-1 Feb

Here’s Rachel Connor from Stepchange.org with a guest blog post to help introduce and explain more about Debt Awareness Week. 

StepChange Debt Charity wants you to take control of debt!
Personal debt is a cause of worry for millions across the UK, and it’s estimated that some 2.9 million people desperately need debt advice right now*. The trouble is that many people who are struggling simply don’t know where to start. They may not even know that free debt advice is available to them.

Monday 26 January will see the launch of StepChange Debt Charity’s second annual Debt Awareness Week. During this week, we’ll encourage people to get free debt advice as soon as they need it. Continue reading

Who decides if you get approved for credit?

In the first of a regular video series that we’ll be hosting on our YouTube channel - the Credit Café -  Experian Experts James Jones and Joanne Leahy explain who decides if you get approved for credit.

This video is one of four short episodes in the ‘Demystifying Credit’ series that we’ll be posting on YouTube, every Friday for the rest of January. Look out for the next one coming soon on our YouTube channel.

How prepared are you for an interest rate rise?

Are you one of the many homeowners that might be affected by a rise in your mortgage rate? 

It’s been a long time coming, but after almost six years many experts believe an interest rate rise is coming some time soon. Since March 2009 the Bank of England rate has stood at a record low of 0.5%, having been as high as 4.5% just five months earlier in October 2008.

The Centre for Economics and Business Research (CEBR) says that it could mean as much as £119 added to the average monthly mortgage payment across the country, with figures in the south-east much higher.

Do you know how an interest rate rise might affect you?  Watch this video to see what some people said when we went on to the streets to ask for some thoughts.

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Video: Inside Experian

What does Experian do? And how do we use data to help people get to grips with their finances?

Watch this video to find out how joining Experian CreditExpert helped our customer Claire Barron get back on her feet financially, and how understanding your credit report and what’s on it could help you use it to get the things you want.

You can also see the other ways we help people protect, manage and make the most of their finances, and what new plans are in the pipeline – and how it’s more than just a credit report.

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