Anna, my 44 year old friend works as a teacher in a private nursery school. When I met her at the laundrette last evening, she seemed very excited about her daughter Carol’s wedding which is coming up next month.

Though Anna is happy about spending her savings on her daughter’s wedding, she is a little worried about her home improvement plans for which she needs extra funds. Especially given that Joe, her husband, has been on income support for a while with Anna having to pay most of the bills. Though they face tough times financially, what I really like about the couple is the fact that they always come up with a solution together.

Though Joe does not have enough funds to contribute, Anna is confident to get help. She is planning to get an low interest loan offered by the gshloans company.

However, there are some criteria to get a loan and I did inform Anna about them:

Such loans are provided for cash needs such as paying for:

• Furniture/household items
• Clothing/footwear
• Travel expenses
• Rent in advance/removal expenses if moving home
• Essential home improvements
• Expenses related to finding a job
• Hire purchase payments

But getting a loan is not as easy as it may seem (read FAQ) and there are several criteria to be met in order to get approved for a payday loan.

The main criterion in order to qualify for payday loan is that, an individual or his/her partner should have received benefits from the following for at least 26 weeks:

• Income-related Employment and Support Allowance
• Income Support
• income-based Jobseeker’s Allowance
Credit History
• Etc.

Payday loans are given for amounts ranging from $100-$1000 depending on the need and eligibility of the applicant and the loan can be repaid back within 12 weeks, since loan approval. The repayments can be done through any valid bank account, postal account, building society account or credit union account, as per applicant’s convenience.

Since the applicant has to pay back only the actual amount borrowed, the competition is usually high for this loan. But the biggest challenge of sush loans is that, these loans are NOT approved based on cash emergencies or medical emergencies 🙁

Anna is confident that her loan will get approved since she meets most of the criteria but the decision lies in the hands of the DWP and I am keeping my fingers crossed for her.

If you are interested in applying for a loans for people with no credit or poor credit and would like to know more about it, contact Jacqueline J. Johnson.

1. Financisto
Available free of charge from Android Market, this handy app allows you to keep up with multiple accounts, schedule transactions and keep track of your budget in any currency.

2. Shoeboxed
A handy app that is useful for organising receipts for you – if you have a job that requires it. It can keep track of both personal and business expenses. Unlike most apps on this list however, there is a monthly fee for the use of Shoeboxed.

3. Mileage
A handy app if you spend a lot of your working week on the road and need to keep track of your miles. This useful app can also help you keep track of fuel economy.

4. Money saving / bargain grabbing apps
There seem to be an ever increasing number of similar ‘grab a bargain’ apps appearing on the market, but I swear by the two market leaders – Groupon and, more recently, Living Social. Both feature time-limited offers, so it’s worth checking them regularly, or if computer access is easier, set up some daily alerts to make sure you’re not missing out some great local bargains.

5. OurGroceries
A free little app that automatically keeps your family’s grocery list in sync with the latest changes—on every family member’s phone or web browser. Every change you make to your shared shopping list is visible within seconds, so you can actually see items being checked off as your partner shops.

6. Budgetroid
Bugdetroid is designed to let you avoid tedious account monitoring and have receipts filling your wallet. The app will allow you to type in real time all your expenses and incomes. It’s designed so that you’ll always know what you have left in your monthly budget.

7. EasyMoney
EasyMoney is a tried and tested personal expense tracking app that combines a bills reminder and a budget planner with an expense tracker. It provides a detailed window into your personal finances. A simple and intuitive data entry system is combined with a wealth of easily accessible financial information.

8. EEBA (Easy Envelope Budget Aid)
EEBA is a personal and household finance app designed to help with money management and budget tracking. One advantage of this app is that it automacically syncs across phones and web so that you can choose to share any particular budget with friends and family. Also, your data is automatically backed up to EEBA’s site so you need never lose any data due to a faulty app update or user error.

Your credit rating determines your ability to secure a mortgage, credit cards and many loans. Your credit worthiness with a particular company is formulated using many factors, which include any past dealings you may have had with the company in question, information you have supplied on the application form, and official credit files from the three major credit agencies.
It’s important to do all in your power to improve your personal credit rating. A little while ago we looked at five ideas to improve a bad credit history. In this post we’ll look at other steps you can take to build a good credit rating, whether you have a bad credit history, or you’re attempting to build a decent credit rating from scratch.
Electoral roll and other shared data

Companies like Experian, Equifax and Noddle (formerly Callcredit) all report to credit companies using information about you from the electoral roll, so make sure you’re registered on it, that you’re registered to vote in your local area, and that your address and other details are all up to date. It is unlikely you will be given credit if you are not registered, and even something simple as a wrong house number on your records can cause damage. Also bear in mind that many utility companies not share data about you, so missing a couple of payments to your phone or electricity company may have a detrimental effect on your credit rating.

Build a good credit history

A company rates you on what it perceives to be your ability to pay back, so if you have no credit history, you’re considered a greater risk. To build up a good credit history it’s essential to demonstrate that you can handle credit responsibly. If you have a credit card, make sure you’re never late with payments, and ensure you repay all other forms of credit or loan payments on time and in full. If you miss a minimum repayment more than once this can damage your rating, so if you’re ever facing difficulty in making the minimum payment it’s always a good idea to contact the lender to discuss other options.

Time your applications for credit correctly

Often if you make a lot of applications in a short space of time this can damage your credit rating, so try and space out your applications for credit. Also, whether your earning makes a big difference, so if you anticipate having time off in future, it’s best to apply before you go.
If you have savings, pay off outstanding debts

The amount of outstanding debt you have is taken into account when you make a new credit application, so it’s a good idea to pay off all the debts you can if you do have available savings. One example is the difficulty some people are facing in new mortgage applications by those who have not managed to repay much of their current mortgages.

Never lie on application forms

As tempting as it might be, never lie on application forms, even if you think it might improve your chances of succeeding with the application. If other lenders can’t corroborate the information you have supplied you likely to be rejected anyway, and can adversely affect your credit score.


It is a great feeling when you see notifications that say, you have won some cash back or a gift from your credit card. But what is the story behind it? Do they really mean what they say? Are you indirectly paying the credit card company, for the gifts that you win through cash back offers and gifts?

While there are genuine companies, who complement their customers with gifts, cash back offers or discounts, a huge chunk of companies charge their customers via hidden charges in the form of interest rates or a service fee. So, the next time you think of using your credit card for increasing your reward points, consider the following:

• Does your credit card company, encourage your spending amount, so as to increase your limit and also charge you an annual fee for it? Consider this and steer clear, it’s not worth it.

• Most card companies would encourage you to spend huge amounts [in thousands mostly] and give you a cash back of a few tens at the end of the year, (apart from charging you an annual one- time fee on top of it). This does not make your ‘few tens’ of cash back worthy enough. Re-think, if you are one of those keen ‘cash back’ focused customer.
Do ‘Reward Points’ really work?

Some companies are genuine with their ‘Reward Points’ program and their customers have a truly rewarding experience through such incentives. Often companies get to retain their good customers and attract new customers.
According to a report given by Joe L. Harris, Goldfish cards are very popular among its customers, who get reward points for every pound spent online or on the high street and get to redeem gifts from top shopping centres in the country.

Air Miles gives one point for every $20 spent on their product and one point for every $5 spent through Air Miles Travel Agency. Their customers are very happy with the incentives they get, due to the fact that they get rewarded for their travel plans which are necessary and not luxury.

Similarly, Morgan & Stanley customers get some fantastic holiday options through their Reward Points program, whereas General Motors customers use the GM card to gather reward points for a rebate or cash back.
Though there are arguments on whether cash back is better than reward points program or vice versa, the ultimate decision lies with the customer. You can choose to spend and then wait to get a gift from a trimmed gift catalogue or you can choose to save money without spending and get to buy what you feel like buying.

Did you find this blog useful? Write to us and let us know. We would be happy to hear from you.

Go for payday loans. It is handy with money being transferred into your bank account in the swiftest possible time. These loans are offered for a short term to resolve unexpected fiscal wishes. The grants provided are designed to look after emergency monetary pressures like, sickness, automobile fix, paying superb debts, paying faculty fee, paying lease or any other unexpected occurrence that leads to important finance wants. The lend amount goes from $100-$1000. Since these loans are short term ventures, they are anticipated to be paid back inside two to four weeks.

However, you can extend the repayment term by paying certain fee amount. The IRs herein, are a little high as the finance is offered for a short time period.

The approval process is fast, which helps you meet monetary pressure there and then. The financial help is transferred into your account inside 24 hours of the approval. The needs for payday loans are : your ordinary work for no less than past six months and monthly revenue, of at least $1000. Additionally, it’s also needed that you’ve got a valid account and are above eighteen years old. With these things, you have to be a US voter and shall be living on the same address for a minimum of past a quarter. For getting the finance licensed, the borrower does not need to provide any documents. In reality, payday loans are offered with “no credit check”. Poor credit borrowers facing multiple credit issues like, balance, County Court Judgments, Individual Voluntary Agreements, overdue payments, default payments and bankruptcy can also avail these loans. It is a good idea for the bad creditors to do a correct research before going for these loans as for them relatively a high IRs are there due to their subprime credit scores.

Such loans are fast, convenient and straightforward loans for short term economic needs. They are free from faxing rituals and have made availing loans basic. In the USA, you can even get Free Payday Loans!

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