The allure of spending money on your credit card and worrying about it later is something that many of us struggle to resist. After all,…
Koyo Loans27th April 2022
As exciting as holidays are, they’re often expensive and can have a big impact on your bank account. With some intentional budgeting preparation, avoiding that…
Koyo Loans20th April 2022
Since 2018, Open Banking has changed how customers can access a range of financial services. However, while the concept is relatively straightforward to understand, many…
Koyo Loans13th April 2022
Congratulations! Few things are as exciting as moving into that new house you’ve worked so hard to buy. Now that your moving date is in…
Koyo Loans8th April 2022
One of the best ways to get on top of your finances and add to your savings is to cut your household bills. Reducing your…
Koyo Loans29th March 2022
According to MoneySuperMarket, the average UK household spends £1,277 on heating and power each year. What’s more, the average home uses 13 electronic appliances, which…
Koyo Loans22nd March 2022
Fraud is something that affects more than four million people in the UK every year. While the nature of fraud varies significantly, one of the…
Koyo Loans15th March 2022
Open Banking is one of the most significant developments to have occurred in the financial world in recent times. Established in 2018, the Open Banking…
Koyo Loans8th March 2022
As exciting as it is, moving home is a huge strain on your finances. Even those of you who budget for most eventualities will find…
Koyo Loans25th February 2022
Receiving the news that your loan application has been rejected is hard to stomach. It can throw your best-laid plans up in the air and…
Koyo Loans22nd February 2022
You might have come across a ‘buy now, pay later’ (BNPL) deal and thought long and hard about going for it. After all, the thought…
Koyo Loans15th February 2022
Energy bills can get out of hand quickly, particularly if you’re not on the ball. With rates constantly changing and multiple providers out there, it’s…
Koyo Loans8th February 2022
With a range of various loan types out there, it can be difficult to differentiate between them - especially if you’re new to the world…
Koyo Loans31st January 2022
For both borrower and lender, assessing whether a person is eligible for a loan is one of the most important steps of the application process.…
Koyo Loans25th January 2022
If you’re looking to apply for your first personal loan, you may have come across a variety of different phrases commonly used in the financial…
Koyo Loans18th January 2022
Interest rates, APR, repayment times - it can all be slightly confusing for those not familiar with personal loans and finance generally. However, personal loans…
Koyo Loans12th January 2022
If you’ve had a look through various online lenders, you may have noticed the term ‘Open Banking’ pop up. While Open Banking isn’t complicated, it…
Koyo Loans29th December 2021
For those new to personal loans, APR rates can be confusing. What is an APR? How is it calculated? What is a good APR for…
Koyo Loans22nd December 2021
Many online lenders making use of Open Banking are focused on changing the loan market to be fairer, easier to use and accessible for borrowers…
Koyo Loans15th December 2021
Whether you’re consolidating debt or financing a home renovation, personal loans can be a handy tool for receiving money quickly. However, there are a variety…
Koyo Loans10th December 2021
For most people, extending your home is, in equal parts, exciting and daunting. However, the rewards (both in terms of finances and quality of life)…
Koyo Loans30th November 2021
When applying for a loan, a lender will conduct a credit check on your financial profile to ensure that you’re capable of successfully paying the…
Koyo Loans29th November 2021
With all the financial jargon and variety of options on offer, it can sometimes be difficult to wrap your head around how loans actually work.…
Koyo Loans25th November 2021
A personal loan is one of the simplest ways to borrow money - this article covers the pros and cons in detail, to help you…
Koyo Loans23rd November 2021
Traditionally, applying for a loan is fraught with difficulties. From not having the right credit score to waiting weeks for a response, loan applications have…
Koyo Loans23rd November 2021
Other than your home and your car, furniture is one of the biggest purchases you’re ever likely to make. However, managing such a big expense…
Koyo Loans9th November 2021
Open Banking has the potential to transform the way we use our financial data.It’s not a piece of software or a product, but a piece…
Koyo Loans26th October 2021
Used properly, a debt consolidation loan can be an effective way to take control of your finances, paying off your debts faster and saving money…
Koyo Loans19th October 2021
Being declined for a loan can be worrying. It shouldn’t be though: it happens to almost everyone at some point - the important thing is…
Koyo Loans12th October 2021
Car finance choices can be confusing - our clear guide to how to pay for a car explains simply and clearly how each different option…
Koyo Loans5th October 2021
PCP finance and bank loans are two of the most popular ways to finance a car in the UK. Our article gives you the real…
Koyo Loans28th September 2021
Adding to your mortgage is a common way to pay for home improvements. It’s also a complicated process: we explain how it works, and the…
Koyo Loans21st September 2021
There are so many types of car finance to choose from that it can be hard to know where to start. We explain the options,…
Koyo Loans14th September 2021
A guide to personal loans in the UK for foreign nationals, with guidance on what lenders look for and how to maximise your chances of…
Koyo Loans7th September 2021
Remortgaging is a common way to fund home improvements - but in some cases, a personal loan might be a better option. Our guide explains…
Koyo Loans31st August 2021
When you’re borrowing money, one of the most important factors is cost. All other things being equal, the best way to borrow money is the…
Koyo Loans23rd August 2021
Personal loans and debt consolidation loans are easy to mix up - this straightforward guide explains all you need to know.
Koyo Loans17th August 2021
The credit checks that some lenders run when you apply for a loan can affect your credit score. Our guide explains how you can protect…
Koyo Loans3rd August 2021
Holidays can be expensive. What’s more, they’re usually something you need to pay for in advance - you might well book flights and accommodation for…
Koyo Loans27th July 2021
A wedding is one of the biggest costs you’re likely to face in your lifetime. It’s no surprise then that many people aren’t sure exactly…
Koyo Loans20th July 2021
Credit cards can be useful tools: they allow you to make a purchase “on credit”, repaying the balance at a later date. But you may…
Koyo Loans13th July 2021
Medical loans are used to spread the cost of private medical treatment. Because most healthcare in the UK is provided (and paid for) by the…
Koyo Loans6th July 2021
Taking out a loan for the first time can be daunting. And unfortunately, the way credit scoring tends to work means that the odds are…
Koyo Loans22nd June 2021
A new or used car is an expensive purchase and is something that’s designed to last you for years. So, it’s no surprise that car…
Koyo Loans15th June 2021
Weddings are expensive. They’re also not something people like to skimp on: it’s your big day, something you’ll hopefully do only once, and a unique…
Koyo Loans8th June 2021
Using finance can be a great way to spread the up-front cost of buying a used or new car into more manageable chunks. Unfortunately, the best…
Koyo Loans1st June 2021
People who move to the UK face a challenge when it comes to accessing credit: when you apply for a loan in the UK, most…
Koyo Loans25th May 2021
Personal loans and credit cards are some of the most common ways to borrow money in the UK. They’re both very versatile, but each one…
Koyo Loans18th May 2021
A personal loan is one of the simplest lending products out there: you borrow money, usually to make a purchase, and pay it back with…
Koyo Loans11th May 2021
Buying new furniture can be expensive. Of course, this isn’t helped by the fact that it often coincides with moving into a new home, meaning…
Koyo Loans27th April 2021
Back in the day, loans were a real hassle. You’d have to apply in person, go through stacks of paperwork and maybe even have to…
Koyo Loans20th April 2021
For many lenders, your credit history - simply put, your track record of repaying your debts - is one of the most important factors to…
Koyo Loans13th April 2021
For many of us, the kitchen is the most important room in the house. It’s the focal point of a home and, ideally, somewhere you’ll…
Koyo Loans6th April 2021
A new roof is a big job, and one which you’re unlikely to be able to take on yourself. Because replacing an old roof is expensive,…
Koyo Loans23rd March 2021
Home improvements can be expensive, even if you take the DIY option. For many of us though, they’re worth it. Not only can home improvements boost…
Koyo Loans16th March 2021
When applying for a personal loan, you’ll usually be asked what the purpose of the loan is - often you’ll be choosing from a drop-down…
Koyo Loans2nd March 2021
Getting rejected for something never feels good but if you’ve been rejected for a personal loan, you needn’t worry: it’ll happen to most of us…
Koyo Loans23rd February 2021
A home improvement loan does pretty much what it says on the tin: it’s a loan you use to make improvements to the house or…
Koyo Loans9th February 2021
When you apply for a loan, many lenders will base their decision on information they get from credit bureaus such as Experian and Equifax. This…
Koyo Loans26th January 2021
When you lend someone money, there’s always a risk that the borrower might not repay in full. As a result, lenders complete lots of checks…
Koyo Loans19th January 2021
Done correctly, a debt consolidation loan is a cost-effective tool you can use to help you pay off your debts faster and more cheaply.Koyo uses…
Koyo Loans5th January 2021
A personal loan is one of the simplest ways to borrow money. It’s also a relatively cheap form of credit, and the best personal loan…
Koyo Loans22nd December 2020
If you’re considering how to consolidate credit card debt, you may be wondering if your credit score might take a hit in the process. The…
Koyo Loans15th December 2020
There’s lots of information out there which focuses on how to get a loan if you have a poor credit score. That’s very helpful for…
Koyo Loans8th December 2020
A personal loan is one of the simplest ways to borrow money. You borrow a specified amount from a lender, and pay it back bit…
Koyo Loans1st December 2020
If you owe money to multiple lenders or credit card providers, debt consolidation is a way of paying off all those loans together and turning…
Koyo Loans24th November 2020
What is an Open Banking lender? Open Banking is a safe, secure way for you to allow trusted providers to access your financial data. To…
Koyo Loans10th November 2020
Is a debt consolidation loan right for me?If you have multiple forms of debt - such as personal loans, credit cards and store cards -…
Koyo Loans4th November 2020
Loans can seem confusing. That’s partly because there are so many options out there, and isn’t helped by the jargon that many loan providers use.…
Koyo Loans28th October 2020
Open Banking isn’t particularly complicated, but there’s a lot of abbreviated jargon involved - if you Google it, expect to wade through pages of information…
Koyo Loans20th October 2020
Paying off multiple debts can be difficult. It’s stressful to deal with different providers, and with lots of different bills to pay, it can feel…
Koyo Loans6th October 2020
Borrowing money can be a complicated process. That makes it tough for people with good credit history, but is even more of a challenge for…
Koyo Loans29th September 2020
If you’re a “thin file” borrower, you haven’t yet built up a credit history. Our guide explains how this can affect you, and what you…
Koyo Loans28th August 2020
Since it first hit the UK at the start of 2020, coronavirus - or COVID-19 - has had a huge impact on the economy. It…
Koyo Loans18th August 2020
For most people, a personal loan will be one of the cheapest ways to borrow money. That’s not all there is to it though: lenders weigh…
Koyo Loans10th August 2020
Which of the following is the cheapest way to borrow money: a £5,000 loan at 22% interest with no fees, or a £5,000 loan at…
Koyo Loans6th December 2019
I'm Jennifer (Risk Manager @ Koyo) and I attended the Open Banking Expo for the second time, this time with hands-on experience. There’s now evidence…
Jennifer Drake6th December 2019
Overview In the previous blog post, we introduced the tech culture at Koyo and outlined our two central, core values. In this blog post, we…
Guy Evans20th November 2019
Overview This is the first blog post about technology at Koyo. It is purposefully about culture. If the culture is right then everything else follows…
Guy Evans20th November 2019
At Koyo, we place significant focus on mission, vision and values – and hire accordingly. In our #KoyoLife series, we explore what it’s really like to work…
Peter Kent18th November 2019
Koyo raises $4.9m to launch online lending platform utilising Open Banking that will offer competitively priced loans to those new to credit, or new to…
Peter Kent1st November 2019
We started Koyo to help create a world with greater mobility by providing everyone with their fundamental right to credit. This vision requires a laser…
Peter Kent30th October 2019
At Koyo, we place significant focus on mission, vision and values – and hire accordingly. In our #KoyoLife series, we explore what it’s really like to work…
Peter Kent17th October 2019
With Christmas shopping mania just around the corner, online fraud tends to peak due to the increased amount of online purchases with Black Friday, Christmas and…
Peter Kent17th October 2019
If you’ve just moved to the UK, welcome! We know moving to a new country can be a daunting experience, so we’ve compiled a checklist of things…
Peter Kent17th October 2019
At Koyo, we pride ourselves on being open and transparent, especially when it comes to personal loans. In this article, we explore the most common…
Peter Kent17th October 2019