Guides-2

Miyagi Financial

We originally had a single Guides page that was created to display categorised lists of our posts. This content surrounded a range of topics that were made to supplement the lender introductions. The original Guides page got a little too crowded and so we thought that it would be better idea to create a split. Whilst #1 covers the theme of loans only, this page (#2) will be developed more along the lines as a one-stop hub of financial topics. The initial idea was to setup a new website for this, but it made more sense to focus our efforts fully on the development of Miyagi Loans that has grown quickly in its opening year.

Notes: Since we have only just setup this page, it will take some time to develop the existing sections, as well as adding new ones. All submissions are added alphabetically.

Banks and Building Societies – Overdrafts:

Within this first section we picked out the fees in place across 20 of the leading names in UK banking. The bulk of those introduced were banks, but there were a few building societies also added. We will firstly list the 20 that we covered and then add the comparisons that were made once the data was obtained.

Banks:
✓ Bank of Scotland ✓
✓ Barclays ✓
✓ Citibank ✓
✓ Clydesdale Bank ✓
✓ First Direct ✓
✓ Halifax ✓
✓ HSBC ✓
✓ Lloyds Bank ✓
✓ M&S Bank ✓
✓ NatWest ✓
✓ Post Office ✓
✓ RBS ✓
✓ Santander ✓
✓ Smile ✓
✓ Tesco Bank ✓
✓ The Co-operative Bank ✓
✓ TSB ✓
✓ Yorkshire Bank ✓
Building Societies:
✓ Coventry Building Society ✓
✓ Nationwide ✓
Comparison Data:
✓ Best Current Accounts (All 20 Listed) ✓
✓ Compare Planned Overdraft Charges ✓
✓ Compare Unplanned Overdraft Charges ✓
Other:
✓ What is a Basic Bank Account? ✓

Car Finance:

This is our latest financial market to focus on that will fit in well with our Logbook coverage. When we usually introduce brokers on the site, we introduce them in pairs for the simple reason that most of them headline the same generic product costs and other specs. When it comes to motor finance, we will be introducing them individually. This is generally due to most of the business flowing through dealerships. The lenders in fact tend to just quickly send you off to the dealers/brokers to apply. When comparing products, we will try to use a £10,000 sum since newer cars require amounts around this value. To spread the cost out, a 48 month term will be sampled.

Credit Cards:

We have only made one submission to date that looked at the top 5 subprime cards ranked by APR for the 2014 year. The idea will be to explore each company next.

✓ Top 5 Credit Cards for Bad Credit ✓

Credit Reference Agencies (CRAs) and Reports:

A range of reports are available from the UK’s leading Credit Reference Agencies that will be uncovered below. When an application is made with a lender and a search is made, data will be fetched by one of the three major CRAs. Reports are essential for those looking to improve their score in order to qualify for market leading financial products.

CallCredit:
✓ CallCredit Check ✓
✓ Noddle ✓
Experian:
✓ CreditExpert ✓
Equifax:
✓ Equifax ✓
Third Party:
✓ CheckMyFile ✓

Credit Repair:

Rebuilding a damaged profile takes time, but there are several steps that can be taken that will help to speed up the process. Each of these will be explored here over time.

✓ How Long Does Bankruptcy, CCJs and Defaults Stay on Your Report? ✓
✓ How to Improve a Poor Credit Rating ✓

Debt Collection Agencies (DCAs):

If you fall behind with repayments on any unsecured credit agreements, then there is a chance that the account will be sold on to a debt collection agency. This DCA may just chase you up on the lender’s behalf. We have covered 35 established and upcoming agencies below. Other than providing some background info, we have added contact and payment details for those that wish to clear any due arrears. A summary post completes our findings.

DCAs:
✓ 1st Credit Ltd ✓
✓ Advantis Credit ✓
✓ Aktiv Kapital ✓
✓ ApexCM ✓
✓ Arrow Global ✓
✓ Blair Oliver and Scott ✓
✓ Bristow Sutor ✓
✓ Cabot Financial ✓
✓ Capquest ✓
✓ CCSCollect ✓
✓ Daniels Silverman ✓
✓ Debt Recovery Plus ✓
✓ DMPay ✓
✓ Equita ✓
✓ FredPay ✓
✓ Home Shopping Direct ✓
✓ Jacobs Enforcement ✓
✓ Lowell ✓
✓ Mackenzie Hall ✓
✓ Marston Group ✓
✓ MDRL ✓
✓ MMile ✓
✓ MyDLC ✓
✓ NDR Money ✓
✓ Newlyn Plc ✓
✓ Past Due Credit ✓
✓ PayBCWOnline ✓
✓ PayCars ✓
✓ PayCRS ✓
✓ PayScotCallOnline ✓
✓ PayThisAccount ✓
✓ PayWescot ✓
✓ Robway ✓
✓ Rossendales ✓
✓ SRJPay
DCA Summary:
✓ Debt Collection Agency Coverage ✓

Last Updated: October 2014.

2014 Lender Lists:

Guides-2

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