August 20, 2009
- Can You Really Write-Off Your Loan or Credit Card Debts?
What does the statement "Write off your debts legally" really mean and is there really such a thing as a "loophole" that allows you to get your debts written off? (…)
November 7, 2008
- Check My Credit Score with a FREE Credit Score Check
I can now check my credit score by doing a free credit score check online. My free Experian credit report gives me peace of mind that my credit rating is still good. (…)
August 28, 2008
- Consumer Rights – What’s The Best Way To Pay?
Credit Cards are better than debit cards
This may surprise you, but you have more rights if you spend on a credit card than you do on a debit card, cash or cheque. Now don't rush to put everything onto a card costing a fortune in interest, but do consider some planning for the best of both worlds.This right is for those who have no debts or can at least pay a specific card off in full each month, that way there's no interest charged, so you can get the benefit of extra rights without any cost (there are other benefits too such as earning cashback, cheaper spending when abroad, special protection for web spending and ID fraud protection too)
Section 75 of the Consumer Credit Act
Basically, when you use a credit card you are protected by the Consumer Credit Act. When you spend on a credit card, you're effectively entering into an arrangement to borrow (even if you pay off in full) then you get these rights, and this is why you don't get the same rights with debit cards…
July 31, 2008
- Which is Best - Loans or Credit Cards?
Need some money to tide you over? What’s the best way to get it – a bank loan or cash from the credit card? You’d think it was obvious, right? But as you’ll soon discover, the obvious choice is not always what you’d expect…
