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Victor Pawley

Financial Wellness

What is a good credit score

Each of the major credit agencies – TransUnion, Experian, Equifax – have their own proprietary scoring method. Credit scores tend to range from the 300s to the 800s. The following is a generalisation of what a score means. A score in the 800s is pretty awesome. You should have no Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

Build your credit with SteadyPay

We’ve just launched a credit building service! And it’ll be bundled into the current SteadyPay subscription at no extra cost. So what is this awesome new service? When you make a repayment, you’ll be doing more than refreshing your credit for the next top-up – you’ll also be building your credit record. Read more…

By Victor Pawley, 2 years2 years ago
Financial Wellness

How to get a good credit score

1. Check your credit score and credit file This not only gives you a good starting point, but you can also see if there are any errors in your credit file. You can view the information held on you by the major credit agencies – TransUnion, Equifax, Experian. 2. Never ever miss a repayment It Read more…

By Victor Pawley, 2 years2 years ago
Financial Wellness

What goes into a credit score?

Your credit score is a number that lenders refer to when they assess your application for a loan or credit card. Your credit score summarises your credit history. It is calculated using information such as your: Credit payment history (are your loan and credit card payments made on time) Amount Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

Five benefits of having a good credit record

1. Better interest rate We don’t charge interest here at SteadyPay (we’re a subscription service), but other lenders do. The interest rate you’re offered is pretty much tied to your credit score and credit history. If these are in a good state, you should qualify for a good interest rate. Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

Building credit – it takes time and effort

So what does it take to build a good credit record? Great question. Generally speaking, it takes two things. The first is time. How much time will depend on your personal situation. May be you’ve just opened your first credit account. Provided you’re disciplined with your repayments, it’ll be a Read more…

By Victor Pawley, 2 years2 years ago
Financial Wellness

Personal finance blogs – still useful

I like to read a lot about personal financial management. Here’s a few blogs I’ve discovered along the way. You might be laughing at me now – blogs, really, in these days of YouTube and Instagram? Fair enough, but there’s value to be found in reading and in long-form content, Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

Volatile pay the norm for UK workforce

In 2018 a thinktank called the Resolution Foundation published a fascinating report on pay volatility in the UK. Their findings remain relevant today, may be even more so given the economic fallout from COVID-19. The research was based on anonymised month-to-month data from seven million Lloyds Banking Group bank accounts. Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

SteadyPay versus overdrafts

Overdrafts are designed to be a quick fix. This means they address a symptom of the problem (“I need money to buy this thing now!”), rather than the root cause (“Why am I short of money again?”). Our service is designed to get at the root cause and help you Read more…

By Victor Pawley, 2 years2 years ago
About SteadyPay

A new kind of credit

We want to challenge the way banks and lenders make money. When we looked around for inspiration, it came from modern businesses that don’t operate in financial services. Think Netflix and Spotify. They make money by charging a subscription fee. We replicated this with SteadyPay because we believe it’s a Read more…

By Victor Pawley, 3 years3 years ago

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