Posts by Adrian Davies

At Bradford District Credit Union we always go the extra mile to help members when they need a loan. Therefore, here are five tips for loan applicants to improve your chances of getting accepted.  If you have an existing loan and want to apply for a further advance you must have paid off at least…

Credit searches are important. Each time you apply for a loan a lender will search your credit report. As a result your credit score may fall. A seach ‘footprint’ is left behind when creditors undertake this ‘credit check’. As a result, other lenders can see these footprints. They then know that you have been looking…

A default can stop you getting credit, but what is it and what can you do about it? One or two missed payments might not be too serious. However, when you’ve reached between three and six missed payments, you may be declared in default. Defaults are serious. Often a lender will automatically decline an application…

If you are at your credit card limit then you are more likely to be refused a loan. Lenders often think that credit should be used to manage peaks and troughs in expenditure. For example, Christmas or the kids returning to school. Or to buy big ticket purchases like holidays, cars and homes. Consequently, if…

It’s hard to start saving. Especially when the cost of living is going up so quickly. Here are five tips to get you started: 1. Set a realistic target. Rather than putting some money away, tuck away the cash for something specific. But start small. An item of clothing. A small electronic device. If you…

Credit scoring can be a complex business. But this three-digit be the difference between getting accepted or declined for a loan. Here are three ways to boost your credit score: 1. Paying everything on time At a credit reference agency, an account status of ‘0’ shows an up-to-date credit account. This shows that you are…