There has been a quantum increase and use of technology over the past 30 years. If you think about it, mobile phones, let alone “smart phones” have only been around since the 80’s.
Fraud is one of those ugly words no one wants to hear, especially in the same sentence or statement that also has their name.
When you buy an insurance policy, be it for your car, home, or even a travel insurance policy, you have some sense of relief in that should the worst occur, you have an accident, your home is burgled, or your holiday is cancelled or you take ill while away, you are protected by the insurance policy.
No one likes to think about when an emergency may arise. It may be a health issue, it may be work related, money and finances, an emergency can come in many forms, and also affect just about anything.
Over the years I have heard a lot of confusion regarding someone’s debts when they die, and unfortunately, this may add to that confusion.
There is so much about personal finances that has been written about over the years here in this blog, topics such as loans, credit scoring, bad credit and bad credit loans, insolvency, insolvency for businesses, troubles on the High Street, money laundering, and even infographics on Facebook, Google, James Bond, you name it, it has been mentioned here!
Actually the title of this is a bit off or a misnomer, as all lenders are required to do credit checks in order to grant a loan. However, there are loans that do not use credit checks, or credit scores as a part of their underwriting, or loan approval process.
Many of us are aware that having bad credit can affect our live in many ways, especially when it comes to getting a loan. If you have bad or poor credit, even if you have no credit history what so ever, it become a hurdle to get over if you need to borrow money from traditional lenders.
When you have bad credit, or even if you have no credit, sometimes you may feel like doors are being closed on you. If you need a loan, it may be rejected, which only makes you feel worse, and the loan may have been for something that you needed, that may have changed your life.
In as much things change, they stay the same. And the same can be said about budgeting and household spending here in Britain over the years.