Money and Debt

UK bodies that regulate the banks, building societies, credit unions, insurers and major investment firms:

The Money Advice Service offers free financial advice to members of the public.

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Borrowing

BORROWING MONEY

Loans, overdrafts and buying on credit are all ways of borrowing money. Different methods of borrowing have different features, which make them more or less ...

Borrowing

TYPES OF LOAN

There are many different types of loan available. It is important to check for repayment penalties such as late charges and understand the difference between ...

Borrowing

LOAN SHARKS

Loan Sharks are unlicensed moneylenders who charge very high interest rates and sometimes use threats and violence to frighten people who can't pay back their ...

Borrowing

CREDIT CARDS

A Credit Card lets you pay for purchases using borrowed money, your bank will usually agree a limit to how much you can spend on ...

Borrowing

CREDIT SCORING AND CREDIT REPORTS

Credit Scoring is a way for lenders to know that you are going to be able to repay any money they lend you. If you ...

Borrowing

OVERDRAFTS

An overdraft is a way of borrowing money on your current account that your bank or building society may allow so you can to cover ...

Borrowing

INTEREST AND APR

Annual Percentage Rate, or APR, is used to describe the cost of borrowed money, whether this is from loans, overdrafts or buying on credit. APR ...