An overdraft is an extra pot of money to borrow from. You can apply for one on your current account but if you use it a fee may be charged.
APR, or annual percentage rate helps you compare the cost of different types of credit.
An individual voluntary arrangement is agreed between the companies you owe and an insolvency expert who will charge a fee and means you’ll be able to make fixed monthly payments and reduce your debts.
A credit rating helps financial companies decide whether to give you credit and the amount of credit they are able to lend.
The annual Budget’s clearly a big deal, but why do we have it and why should it matter to you?
Your credit rating can have a serious impact on your financial future, but many of us are guilty of not knowing much about it. Here are five things you might not know about yours.
What’s a credit card balance transfer? It’s where part or all of what you own on your current credit card is transferred to another credit card, usually with a lower interest rate.
An early settlement figure is the amount owed, plus interest and charges, if you want to pay your loan off early.
Whether you pay for everything with plastic or keep your credit card locked in your purse/wallet in case of emergencies, there’s no denying that there are some instances where having a credit card really comes in useful.