It is almost Spring and what better way to start off this season that to spring-clean your finances. Want to get organised and start saving (maybe for that holiday later on in the year)? Check out our helpful tips.
Household borrowing in the UK is rising to dangerous levels. Should the economy take a downturn, many would be in grave financial difficulty. Although wages are forecast to grow, household borrowing is forecast to grow 2.7 times as fast. QuidCycle has a solution, read on to find our more.
Debt Awareness Week: take control of your finances
When your finances get out of control, it impacts more than just your bank balance. With the added pressure affecting all aspects of life, from mental health and sleep to work and relationships, it can be difficult to know where to turn.
Good news! The Financial Conduct Authority (FCA) has published a consultation paper (CP13/7) detailing its high-level plan for the consumer credit regime.
It has indicated that it will expect peer-to-peer financial services providers like QuidCycle to conduct some form of assessment of the credit worthiness of its borrowers. This is a clear indication that the regulator intends to treat peer-to-peer providers similarly to other lenders, as opposed to advisers or other technology platforms such as comparison sites.
Next week 26th January - 30th January is StepChange Awareness Week. We at QuidCycle are passionate about seeing people achieve financial success many have been in for years. We have the following tips to help you manage your money and financially fruitful lifestyle.