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.
If you’re looking for a 0% interest credit card for purchases, which are the best deals?
If you’re planning on doing a lot of (Christmas) shopping over the next few months, a 0% interest credit card may be a useful addition to your purse. Paying by credit card can give you extra protection (if you’re spending between £100 and £30,000). And if you get a 0% interest credit card for purchases you won’t have to pay any interest. What’s on offer?
How do doorstep lenders work and how much do they charge?
Doorstep lenders charge high interest rates on loans (up to 400% APR). Should you ever take out a doorstep loan?
A new report by the charity Scope shows that disabled people are three times more likely to use doorstep loans than those who aren’t disabled (you can read more about the report here). Doorstep loans, or home credit, let you borrow relatively small amounts of cash (normally up to £500) and repay it weekly by someone coming to your house to take payment, or by money being taken from your bank account. But, beware! The interest rate charges can be very high.