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.
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.
Today we are thrilled to announce the official launch of QuidCycle, a peer-to-peer financial services company that provides a platform of mutually beneficial products and financial education for borrowers and investors.
QuidCycle was established on the basic principle to help the UK’s middle-income families take control of their finances and achieve financial success.
At the Budget 2014, the Chancellor announced that the Government would make peer to peer (P2P) loans eligible for inclusion within Individual Savings Accounts (ISAs). Today (17th October 2014) the government will begin a one month long consultation with the P2P industry to decide how best to implement the announcement. This will place P2P in the mainstream alongside more traditional investments, not only extending the choice for investors, but supporting and encouraging growth within the P2P sector.