The life of a freelancer has its pros and cons, but generally, people love the freedom and flexibility. Organising your own schedule and having more flexibility in managing your tasks are only some of the perks that freelancers most appreciate. Many people would also mention setting up a comfortable home Read more…
Lockdown restrictions has us increasingly relying on gig economy workers to deliver a massive variety of services and goods in the past two years. Organisations such as Deliveroo, Uber and Amazon have played an instrumental role in sustaining the staggering mobility of both products and people, dramatically growing their pool Read more…
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…
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…
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…
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…
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…
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…
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…
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…