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.


What's APR?

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

What's an IVA

What's an 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.


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.


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.


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.


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.