BORROWING EXPLAINED

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What's an overdraft?

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.

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What's APR?

APR, or annual percentage rate helps you compare the cost of different types of credit. 

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What's a loan IVA?

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.

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What's a credit rating?

A credit rating helps financial companies decide whether to give you credit and the amount of credit they are able to lend.

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Why we have the budget

The annual Budget’s clearly a big deal, but why do we have it and why should it matter to you?

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5 things you didn't know about your credit rating

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.

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What's a balance transfer?

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.

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What's a loans settlement figure?

An early settlement figure is the amount owed, plus interest and charges, if you want to pay your loan off early. 

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6 situations where your credit card comes in handy

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.