News archive

July 19th, 2017 at 2:10 PM

Balance transfer cards give you the opportunity to move existing debt to a new card, which usually charges a low interest rate. However, it does usually require a fee to be paid. If you don’t pay off the debt by the end of the low-interest...
July 19th, 2017 at 2:07 PM

When purchases are made using an interest-free credit card there will be no interest added onto the debt for an agreed period.
July 19th, 2017 at 2:07 PM

The majority of credit cards come with an interest free period, during which you can essentially borrow money for free, as long as you pay your bills in full. This will not apply to cash withdrawals.
July 19th, 2017 at 2:06 PM

A soft search is a check to see which credit deals you’re most eligible for before applying. This kind of search will not impact your credit history.
July 19th, 2017 at 2:05 PM

When you apply for a credit card a credit check will be carried out, with this deciding whether you get accepted and the interest rate offered.
July 19th, 2017 at 2:05 PM

Compound interest is interest paid on interest. It can cost borrowers huge sums of money as it accumulates.
July 19th, 2017 at 2:03 PM

APR stands for annual percentage rate and is used to calculate the cost of lending on financial products. Due to the inclusion of charges, APR can be somewhat difficult to understand; the interest rate may be 14 per cent, but the APR could be 17...
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