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1. Avoid Late Payment Penalties. Don’t be hit by penalties for late payment. Make sure you always pay off at least the minimum on your credit cards. A good tip is to set up a direct debit so that your payment can never get delayed in the post. 2. Arrange Overdrafts First. If you are …
A single mother has personally reclaimed more that £23,000 in bank charges for herself and her friends despite having no financial or legal training. She received back over £500 for penalty charges made by her bank, the Halifax. She threatened to take them to court unless they would pay the money back. After getting the …
Virgin Finance have an attractive deal here for unsecured loans. It enables a borrower to borrow up to £25,000 at an average rate of 7.3% APR*. This is a good rate for an unsecured loan. If you are a home owner, typically you would be better off avoiding a personal loan like this, as if …
1. Get hold of your credit report and check it for accuracy. Your credit report holds all details about different loans and repayment histories. Lenders use this when deciding whether to make loans or not. If you see anything is wrong inform the relevant authorities and seek for it to be amended. 2. Be careful …
Continue reading “Improving your credit rating – Top Ten Tips”
There are many ways companies can get us to part with our hard earned cash. Be wary of these following practices which can lose you money. Loan Protection Payments Banks often sell very expensive loan insurance schemes. You can end up paying 50% of the cost in insurance premiums. Often banks give the impression these …
Is Your Credit Damaged by Your Ex? Your former spouse or partner can have an impact on your current finance and here we will give you some tips to cut your financial ties. Applying jointly for credit to buy a car, negotiate a mortgage or having a joint bank account means you are linked in …
There is never a good time to checkup on your pension situation. Normally there is such a long time to go before your pension is due you can always find a reason to defer. Then the day dawns when you realise retirement and pension needs are just around the corner. Basic Pension Checkup What level …
On leaving college / University you will probably find yourself in a combined situation of: Large Debt. Paying a high % of income on Rent. Struggling to Get On property ladder. Working hard in a new job. If you have recently left college and entering into the field of work, these are my financial tips …
Wealth is the total value of all your possessions. It is different from income which is an inward flow of money such as wages, benefits, pensions or interest on savings. Wealth is the value of your assets less any money you owe on loans or mortgages for example. Review What is Wealth The most valuable …
If you and your partner are separating it is advisable to see a specialist solicitor to help negotiate what is your share of your home and resolve any mortgage. If you are married or ‘jointly own’ your home with someone else then you do not have to leave your home unless your partner or lender …
I have a personal view that money is hard to earn and easy to spend. So what if that philosophy makes me a bit of a skin flint, tight wad or even miser in some peoples eyes, I do look after my brass. In the situations when I have been forced to borrow, such as …