How much will it cost if you want to go overdrawn without asking?
Going overdrawn without asking your bank can be expensive. Avoid it if you can
If you have a current account, it’s obviously best if you can stay in credit the whole time. If you need to borrow money, it will be cheaper if you talk to your bank first and get an arranged overdraft. If you do go into the red without permission, be aware that it can be very expensive indeed. The charges can add up to far more than the amount you owe.
What are your rights if a shop or online retailer you’ve ordered goods from goes bust?
You may be able to get money back through your credit or debit card but gift vouchers may be worthless.
Shoe retailer Barratts and DVD rental store Blockbuster are the latest shops to run into problems. In the last few months, Dwell, Comet, HMV and Jessops have all gone bust. But what exactly are your rights if you’ve ordered something from shop or online retailer that collapses?
Can you switch supplier if you’re on a prepayment gas or electricity meter?
What are the rules about when you can switch and how easy is it?
Around four million homes are on a prepayment meter (there are over six million prepayment meters but some homes have them for both gas and electricity). These are meters where you pay for your gas or electricity in advance, either by a key, token or smartcard. Not only is your energy more expensive than the best deals, but you may find it harder to switch to a different supplier if you’re on a prepayment meter. So, what should you do if you want to switch to a different supplier and when should you switch?