Almost all lenders (well, there are several exceptions) rely on so called credit score. This is a number calculated in a special way that takes into account your actual credit history. Sometimes if you forget to pay that pesky bill the number will go down or if you get another credit card the number will go up.

At the same time the calculations are far from being perfect or even good. But they actually represent the only way for lenders to assess the risk of giving you their money. The actual risk, if it’s considered high, can either make them to refuse a loan or to increase actual interest rate. Even more, if you get refused, the record remains on your file and reduces your credit score further. But even if you are not refused a loan or a credit card but actually ask several lenders your score can still be reduced just because you have applied.

It is very complex calculation, I can actually give you several formulas that are used by different credit agencies, but I think it would be just a waste of your and my time.

Still, if you want to know your credit score then it is not impossible at all. Even more, there are many companies that do offer the service and some of them will not even charge you for reveling your credit score to you. One of the credit score companies we recommend is Quick Credit Score UK.

Just remember – credit score is not static, it does change over time and the deciding factors in calculations can change as well. I would recommend to check your credit score before applying for loan, credit card or other ways of borrowing money. If it is low, better not take risks and reduce it even more. We will talk about companies that don’t check your credit record before lending you money in our forthcoming articles.

Today many car owners received a letter from DVLA with new red logbook. In the covering letter DVLA states that the reason for new logbook being issued to all UK car owners is that a number blank forms were stolen and therefore to avoid major fraud they are being replaced. This is very important news for all UK car owners not only if you wish to apply for instant logbook loan. We would recommend to destroy your old logbook immediately upon the receipt of new documents, preferably by putting it through a shredder.

As the letter is going to be send to all car owners, the logbook loan companies would most probably stop accepting old style documents straight away. If you do not receive new documents within next few days it might be good to contact DVLA and ask them when and if your logbook is going to be replaced.

We are declaring “I need money!” information website fully open as from today. This website is dedicated to all quick and not so quick ways of getting money legally. As we grow we will post more and more tips on how to get best deals for quick payday loans, how to keep driving your car and still get some money on it using logbook loans. But we will also try to show you how to make money on the internet and will try to make your “web apprenticeship” time as short as possible.

Thank you for visiting as and keep coming back for more.