Learn About Loans, Credit, Finance and More with Aspire Money

Our blogs are filled with all the tips and tricks you need to learn about loans, credit, types of finance, and budget busters that will have you saving money in no time. We cover personal loans, homeowner loans, vehicle finance, methods of saving money, and everything in between! Have a read…

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Aspire Money explains how to save money during a global pandemic

How to save money during Covid-19

The Covid-19 pandemic has affected every person in some way and one of the biggest ways is financial. We’ve all had to pause a bit before reaching for our wallets in this very unstable time. Luckily, we’re all in this together and Aspire Money has compiled effective ways you can save some money during this challenging time.

Aspire Money explains what bad credit loans are and how to get one

Bad Credit Loans: What Are They and Can You Get One?

A bad credit score or an unhealthy credit report is not an uncommon thing. In fact, according to Experian, UK residents who are 18 or 19 average a better credit score than people in their late twenties, as well as people in their thirties and forties! Research also shows that many only recover the healthy credit score they had in their adolescence when they reach their forties - but those suffering with a poor credit rating should not despair as some lenders will lend to people with a poor credit rating, as long as its affordable to the customer and they meet the lending criteria.

Aspire Money discusses the pros and cons of home improvement

Pros and Cons of Home improvement

There are many reasons to do home improvements, and having the luxury to do so is something many homeowners enjoy. But before you begin breaking down walls or replacing doors, there are a number of things any homeowner or landlord should consider before deciding to renovate.

Aspire Money explains the differences between payday loans and overdrafts

Overdrafts vs Payday Loans: What to Consider Before Applying

When ‘saving for a rainy day’ is not an option, many people turn to credit facilities like payday loans or overdrafts. Today, these financial options are easily accessible and can usually be applied for online. However, before committing to either of these credit options, borrowers should be aware of how these credit facilities work, and how expensive each one is. Read more to find out…

Aspire Money explains what the base rate of the Bank of England is and how it affects you

The Bank of England’s Base Rate: How Does it Affect You?

The base rate of the Bank of England, also known as the ‘Bank Rate’, is the most important interest rate in the United Kingdom. The base rate influences the cost of borrowing money, as well as the interest earned on savings accounts. As the base rate directly impacts the cost of your mortgage and other borrowing it is beneficial to understand how the base rate works, and how it affects you.

Aspire Money explains what a guarantor is and how it affects loan applications

Guarantor Loans: What is A Guarantor and How Does it Affect A Loan Application

Guarantor loans can be a solution for those struggling with a bad, limited or short credit score, such as those who have struggled with credit repayments in the past, or a young person looking to get credit on their name for the first time. However, these agreements could have major implications for both the guarantor and the lender, so it is important to fully understand these types of financial arrangements before taking out a guarantor loan or mortgage.

Looking for a Loan?

At Aspire Money, we work hard with our panel of lenders to find you a suitable loan. Whether you are looking for a loan to cover home improvements, a new family car, or to consolidate existing debt, we can help you source a loan that suits your budget – even if you have a negative credit rating*! Find out more here

*Subject to Terms and Conditions

Representative Example: Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly payments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest payable of £3,768.52.

The %APR rate you will be offered is dependent on your personal circumstances.