Will Checking My Credit Report Affect My Credit Score?
Understanding Credit Scores Credit scores are numerical representations of your creditworthiness. Lenders use them to help assess the risk associated with lending you money. ...
Setting Up a Limited Company: Step-by-Step Guide
Step 1: Choosing a Company Name Choosing an appropriate company name is the first step in setting up a limited company. Ensure that the ...
Benefits of Incorporating a Limited Company
In today’s business landscape, many entrepreneurs and business owners choose to incorporate their ventures as limited companies. Incorporating a company offers a range of ...
Does car finance improve your credit score?
How Does Car Finance Influence My Credit Score? Car finance can affect your credit rating in two ways. First, your application results in a ...
A Guide to the Register of People with Significant Control (PSC)
Understanding the Concept of a Person with Significant Control So, who qualifies as a Person with Significant Control (PSC)? A PSC is an individual ...
What are PSC Statements?
Understanding PSC Statements PSC stands for ‘People with Significant Control’. In the context of UK business, a PSC statement is a declaration made by ...
Am I Responsible for My Spouse’s Debt?
Understanding Debt in a Relationship When you enter into a relationship, you’re not just sharing your life with someone, but often your finances too. ...
What is a Notice of Default?
What is a Notice of Default? A Notice of Default, or Default Notice, is a formal communication issued by a creditor (lender) to a ...
What is a Credit Reference Agency?
What is a Credit Reference Agency? At its core, a credit reference agency is an independent organisation responsible for collecting, holding, and maintaining credit ...
Limited Liability: What Does This Mean for You and Your Company?
Understanding Limited Liability Limited liability is a legal principle that safeguards you as a business owner from personal financial loss if your company faces ...
What are Settled and Satisfied Credit Accounts?
In this article, we look into the concept of ‘Settled’ and ‘Satisfied’ credit accounts, and how they can impact your mortgage application. These are ...
The Differences Between a Company Director and a Sole Trader
What is a Company Director? A company director is an individual appointed to manage and direct a limited company’s affairs. They are legally responsible ...
Do I Have A Default and How To Find Out
Understanding Defaults Let’s first clarify what a default means in the context of credit agreements. A default occurs when a borrower fails to meet ...
Understanding the Service Address
What is a Service Address? A service address is the official correspondence address for an individual company director, LLP member, secretary, or person with ...
How Many People Do You Need to Form a Limited Company?
Can You Set Up a Limited Company with One Person? The short answer is, yes, you can set up a limited company in the ...
