We all know how important our credit scores are. Potential landlords, creditors, employers, lenders and many others are interested in your credit score. A high score can demonstrate to possible creditors that, should they lend you credit, you'd be able to repay it. Repairing your credit score can help you qualify for lower interest rates and increase your financial options. Here are some tips for repairing your credit history and and the truth about credit repair.

People need money (or think they do) for a wide variety of reasons. As a result, the business of personal loans is a booming one. While many people typically think of standard purposes when "loan" comes to mind, the reasons for seeking a personal loan are far and wide.

Not surprisingly, many people seeking loans want the funds to go toward large purchases or projects, such as buying or renovating a home, purchasing a car, or taking a holiday. But if you think that these summarize the typical loan, think again!

A recent study investigated the reasons behind personal loans and the results are somewhat startling.

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Clearly a debt consolidation loan may cost you more in the long run, but this is an exercise in debt management, not saving money. If you are really struggling then you may have to talk to the companies that you owe money to and come clean about the fact that you are in trouble. You can then agree a figure with them that you can pay each month perhaps a little lower than their standard minimum repayment figure.

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With the festive season over, research from Sainsbury’s Finance shows that only 61% of people expect to clear their Christmas expenditure within one month.  Some 483,000 expect it to take more than a year to do so -  71% of these people are women.

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