Credit Cards for Not-So-Good Credit: A Comprehensive Guide
If you have a middling credit score or limited credit history, finding the right credit card can be challenging. However, there are options available that can help you rebuild your credit while offering rewards, cashback, and other valuable features. This guide will help you understand what credit cards for not-so-good credit are, which ones might […]
How Your Credit Score Impacts Your Life
It’s probably fairly self-evident that your credit score will impact your ability to borrow. What you may not have realised, however, is just how much it touches on your everyday life. For example, your credit score may influence your ability to get service contracts. This includes rental contracts. It can even influence your ability to […]
How to Freeze Credit Card Interest: A Guide for UK Consumers
In the labyrinth of managing credit card debt, one beacon of hope for UK consumers is the possibility of freezing credit card interest. This financial manoeuvre can provide critical breathing room for those grappling with debt, allowing them to pay down the principal without the burden of accumulating interest. However, the implications for your credit […]
How To Use Credit Cards Smartly
Credit card debt is generally high-interest debt. That means, if you accumulate a lot of it, it can become a major challenge to deal with. In the real world, however, sometimes people have to use credit cards. Even if they don’t, sometimes it makes sense to do so. With that in mind, here are some […]
How To Manage Post-Christmas Debt Issues
Every year, financial writers caution people against overspending at Christmas. Also every year, people end up overspending at Christmas. They then have to deal with the outcome of this in the new year. If this sounds like you (or someone you know), here are some tips to help. Assess your financial situation Realistically, how serious […]
How To Beat The Credit-Card Crunch
Interest rates look to be on a clear upward trend. This is very unwelcome news for people with credit-card debt. Resist any temptation to panic. There are still ways for you to beat the credit-card crunch. Here are some tips to help. Work out whether or not you are solvent In simple terms, you are […]
Keep Calm And Control Your Credit Card(s)
The lockdowns themselves may seem like a lifetime ago. Their effects, however, are not. While lockdown benefited some people financially, it did a lot of damage to others. It led to people running down any savings they had and then building up credit card and other debt. If this sounds familiar, there are steps you […]
How To Get Rid of Your (Post-Lockdown) Debt
Hopefully, spring 2021 will see the arrival of the post-pandemic “new normal” so many people have been craving for so long. Part of this new normal will, however, mean the withdrawal of COVID19-related financial support. It will also mean tackling (post-lockdown) debt. Here are some tips to help. Establish a realistic baseline Your baseline is […]
Get Ready For Repayment Hikes
Currently, interest rates are only a whisker above zero. This means that variable-interest-rate debts such as credit cards should be at close to maximum affordability. Barclaycard, however, has decided to increase its minimum repayments. Here’s a quick guide to what this means. The old rules versus the new rules Up until 25th January, borrowers paid […]
Persistent debtors – the new rules
It was arguably a rather ironic coincidence that notorious payday lender Wonga entered into administration the day before new rules concerning persistent debt came into force (31st August 2018 and 1st September 2018 respectively). Admittedly, these new rules relate specifically to credit card debt rather than to debt in general, but they still highlight the […]