All Borrow Well Hub posts

Find all our guides, tips and insights from the Borrow Well Hub here.

Repayment nudges

Find out everything you need to know about our repayment nudges.

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Budgeting, Saving and Mindful Spending with Laura Ann Moore

Discover Laura’s top tips for budgeting, saving and setting financial goals.

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Restructure nudges

Discover the latest ilumoni feature - the restructure nudge!

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Get Debt Fit January Prize Draws

Overindulged over festive season? It's time to give your wallet a workout and get debt fit!

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The ultimate guide to Buy Now Pay Later

Everything you need to know if you’re thinking about using a BNPL service to borrow.

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How does ilumoni work with customers who are struggling with their debt?

Find out what we’re doing to help those with problem debt.

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What’s the difference between a financial coach and a financial advisor?

Financial coach or financial advisor? Discover the pros and cons of each.

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#GetDebtFit this season with Tolu Frimpong and a cash prize!

We’re running a Christmas competition with a difference this year - find out how to enter.

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How to make Black Friday work for you

Our guide to avoiding the hype while still bagging a bargain.

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Personal Loan Offers

Discover the newest feature in our app, including why we've created it and how it will work.

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Is your borrowing keeping you awake at night?

Our research shows that borrower stress is widespread in the UK. Is your debt keeping you awake at night?

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Do you know how much your debt is costing you?

Our research shows we’re overconfident and underprepared when it comes to calculating the cost of our debt - are you wasting money as a result?

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What is an Overdraft?

Everything you need to know about overdrafts. What they are, how much they cost and how best to get out of them.

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Which Banks Use Open Banking?

Introduced in 2018, Open Banking isn't a new initiative. Find out who uses the technology now.

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What is a Personal Loan?

We explore the ins and outs of personal loans, to help you consider whether one is right for your circumstances.

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Migrating from the Beta app

Find out how to migrate from ilumoni's Beta app to the new live version.

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What is The Debt Snowball Method?

Reduce the number of individual balances you hold, quicker, with the Debt Snowball method.

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The Debt Avalanche Method: What is it and when to use it

Pay down debt by targeting the balance with the highest rate first. Here's how.

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About the ilumoni app

Your guide to the terms we use within the app and exactly what they mean.

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The sign up process explained

Learn about the ilumoni app sign up process and common issues that can occur.

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New borrowing habits to help save money now and build a rainy-day fund for the future.

Find out what you can do now to change your borrowing habits, free up cash and reduce your monthly outgoings.

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What is a Debt Consolidation Loan?

Refinance current debts to combine them into one singular loan - your guide to a Debt Consolidation loan.

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Your credit score and you: a guide to what makes up your credit score and how it is used

Find out whether it is actually important to “manage” or try to “boost” your credit score, as well as good and bad ways to do it.

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Seven steps to brighter borrowing

A guide to taking control of your borrowing and relieving debt worry.

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Should you build up your savings or start paying off outstanding debts?

Is building that rainy day fund costing you more through interest? Find out the pros and cons of paying off debt over saving.

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What is Open Banking and why does it matter?

The way we bank and manage our money has changed - find out everything you need to know about Open Banking.

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Coronavirus and the rise in use of Buy Now Pay Later solutions

There are now 5 million people borrowing £2.7bn from services like Klarna, Clearpay and Laybuy as sales in online retail surged in 2020.

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Simple things you can do today to take back control of your borrowing following the pandemic

But almost 9 million people, many of them among Britain’s poorest, were forced to increase their borrowing last year to cope with the pandemic.

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What do the Barclaycard changes to minimum repayments mean to me?

Find out how these new changes will impact you if you’re a Barclaycard customer.

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Should I get an IVA to deal with my debt?

Discover everything you need to know about IVAs and what happens when you take one out.

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Debt and Mental Health

Recent research found that 18 million people in Britain worry about money daily and nearly 1 in 5 have mental health issues as a direct result of financial anxiety.

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How to make your finances resilient to redundancy

Find out how to make sure you're in the best financial situation possible if you're facing a possible redundancy.

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Understanding overdrafts: a complete guide

What do the new changes to the way overdraft fees are charged mean for you?

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Thinking of buying a car with a loan?

Your guide to shopping for a car loan, amidst the recent regulation change announcements.

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Post-lockdown borrowing: the importance of Borrowing Well

This month, StepChange revealed there is already £6bn of personal debt directly attributable to the pandemic.

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How old will you be when you clear your credit card debt?

Find out how long the average person in the UK takes to pay off credit card debt.

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How not to waste your lockdown advantage – one simple step to better borrowing

More money in your pocket than usual? Don’t blow your advantage as lockdown eases.

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