Essentially a credit score is a tool for lenders draw information from to predict the future. The score, and more importantly credit report, presents a snapshot of how likely you are to repay the money that they lend. Here, Sam Covington at Finbri reveals 3 ways to improve your credit score along with saving hacks that work to eliminate debt in 2023.
The UK’s energy divide is growing, with household energy debt rising by a fifth to £190 while those in credit see average balances double since last autumn[1]
Nearly three million households owe money to their energy providers, and another eight million have no credit at all [1]
Those in credit have managed to build up a war chest as two thirds of households (64%)
Energy debt is at an all-time high with £1.3 billion owed to providers[1] – more than 250% higher than it was in September last year [2]
Six million households owe an average £206 to providers [1] , 10% more than they owed in April and at a time of year when they should usually have built up credit to cope with winter bills
Undergraduates starting a three-year degree this Autumn will leave with £45,800 in debt on average
· Interest rate on student loans in England and Wales to be capped at 6.3% this autumn · But paying tuition fees upfront may not be worth it as what you repay depends on how much you earn not what you owe · Any unpaid debt gets wiped after 30 years with only 20% of full-time...
The amount of money households owe to their energy suppliers has doubled in a year to reach £1 billion — with a quarter (23%) of consumers now in energy debt[1]
Six million households owe £188 to their energy providers on average — leaving them without a war chest to battle rising bills [1]
Almost 11 million households have £1.4 billion in credit balances, with
