Weekly payment store debts
Day: 28 April 2017
Store finance
Store cards
A store card is basically a credit card you can only use with one high street chain or group. Like with a credit card, you can use a store card to buy things on credit and pay them off at the end of the month. Store cards work and feel very much like credit cards, except that while credit cards can be used anywhere, store cards can only be used in a specific store or store group. They’re often confused with loyalty cards, yet with store cards you can ‘pay…
Read MoreBank loans
A loan is a formal arrangement, usually for a fixed period of time (which you agree at the start). A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay…
Read MoreOverdrafts
An overdraft is a type of borrowing facility, it lets you borrow money through your bank account. It’s typically used for an unexpected bill or an essential repair. It’s a convenient way of accessing extra money when you need it quickly. This option of borrowing is usually offered by banks to customers who have more money going out of their accounts than they have coming in. It’s widely seen as a short-term fix and should not be used for long term borrowing. If you are in debt or your income…
Read MoreDoorstep loans
Pay Day Loans
Buy to let mortgages
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Read MorePart and Part mortgages
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Read MoreRepayment mortgages
