Paragon Provides £17.5m Support for UK Guarantor Lender
One of the largest guarantor lenders in the country, UK Credit, has recently secured £17.5 million in funding from UK-based bank Paragon. Paragon offers structured, secured funding to help lending businesses throughout the UK to grow. Paragon’s lending services excludes other banks, and will only consider funding for “non-bank” lending businesses such as UK Credit. Paragon has already helped to provide more than £130 million in funding for numerous
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Nesta Challenges offers £2m incentive for community lenders and fintechs to work together
Nesta Challenges, an organisation whose purpose it is to incentivise the solving of pressing problems throughout society, is now offering a total sum of £2 million as incentive for the development of affordable credit solutions throughout the UK. Nesta Challenges has designed the prize to encourage community lenders to work with fintech companies in order to fix this resounding problem throughout society. What is the Affordable Credit Challenge? Nesta Challenges
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Amigo Loans Disregards FCA’s Claims into Guarantor Loans
Chairman of Amigo Loans Stephan Wilcke has recently made a statement claiming that the lending company will be fighting back on the supposed false claims made about their business model. Guarantor Loan Comparison investigates: Amigo Loans lends to those who struggle to get loans from the more mainstream banks. This can be down to a number of different reasons, one of the main ones being bad credit, requiring a guarantor
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How Do I Check My Credit Score?
Knowing your credit score and understanding how it works is vital for numerous different financial applications. Whether it’s your first credit card or a mortgage, understanding how credit-worthy you are can be extremely helpful throughout any loan application process; helping you to determine the types of loans you will be accepted for and avoiding those which could potentially reject you, and further damage your credit score. There are three different
Read MoreFCA Reveals Significant Rise in Guarantor Loans
The Financial Conduct Authority has found that the number of borrowers applying for a guarantor loan as increased significantly. The Financial Conduct Authority (or FCA) is a UK financial regulatory body that works independently from the UK Government. According to their research, the balances on current guarantor loans have increased by more than double in only the past three years. Lending is one of the largest industries both throughout
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