If you want to take out a personal loan, how can you get the best deal?
At this time of year, banks and other lenders tend to fall over each other to offer the ‘lowest’ loan rate. Depending on how much you want to borrow and how good your credit score is, you may be able to take out a loan and pay less than 5% interest. But what should you watch for?
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?