Finance

  • Can Store Card Credit Cards Build Credit?
    Can Store Card Credit Cards Build Credit? November 10, 2021 Store Card Debt FAQs If used correctly, Store credit cards can help you to build your credit rating. This does mean that you will need to manage the account and pay at least the minimum payment consistentlly. If you are careful, many stores will also reward you with ...
  • What happens if you don’t pay catalogue debts?
    What happens if you don’t pay catalogue debts? November 8, 2021 Catalogue Debt FAQs Failing to pay your debts can affect your credit rating in the same way as missing a loan repayment or credit card payment. If you fall behind with your catalogue repayments, in the first instance, your creditor will simply ask you to catch up with ...
  • What Happens To A Store Card If A Retailer Goes Out Of Business?
    What Happens To A Store Card If A Retailer Goes Out Of Business? November 4, 2021 Store Card Debt FAQs It is important to remember that lenders base their entire business model on granting loans to people, so they can make money from the interest. So, if you have had a Debt Consolidation Loan application declined, there must ...
  • Who Is Legally Responsible For Utility Bills?
    Who Is Legally Responsible For Utility Bills? October 12, 2021 Utility Bills Debt FAQs The answer to this question largely depends on whether you have signed a contract with a provider.  If you have signed an agreement with a utility provider then you are entering into a binding contract to pay for their services. You may be taken to court ...
  • Do You Legally Have to Pay Utility Bills?
    Do You Legally Have to Pay Utility Bills? October 12, 2021 Utility Bills Debt FAQs The answer to this question largely depends on whether you have signed a contract with a provider.  If you have signed an agreement with a utility provider then you are entering into a binding contract to pay for their services. You may be taken to ...
  • What Percentage of Students Pay Off Their Student Loan?
    What Percentage of Students Pay Off Their Student Loan? October 12, 2021 Student Loan Debt FAQs For those in higher education, student loans are often the main source of income for both the paying of tuition fees and for covering living costs. But with tuition fees on the rise, cost of living on the increase and more and ...
  • Can a Loan Company Take You to Court?
    Can a Loan Company Take You to Court? October 12, 2021 Personal Loan FAQs Your creditors can take you to court if you don’t honour the credit agreement you signed. For a lot of people, being taken to court arises as a result of ignoring warnings and ‘sticking their heads in the sand’.    If you are in debt then it ...
  • How Can a Payday Loan Cause Debt?
    How Can a Payday Loan Cause Debt? October 12, 2021 Payday Loan Debt FAQs Payday loans are an extremely expensive and high risk method of borrowing. They are usualy reserved for people who already have issues with their finances and/or credit rating. The regular use of Payday Loans often indicates that an individual is losing control over their finances ...
  • Can You Go To Jail For Unpaid Payday Loans?
    Can You Go To Jail For Unpaid Payday Loans? October 12, 2021 Payday Loan Debt FAQs Payday loans are a high risk, high interest way of borrowing and if you are using this service regularly then that could indicate that your control over your finances is slipping.  If you do find yourself unable to pay your payday loan repayments, ...
  • Can An Overdraft Be Written Off?
    Can An Overdraft Be Written Off? October 12, 2021 Overdraft Debt FAQs If you have an overdraft as a result of an emergency or whether you live in your overdraft, it can be all too easy to forget that it is debt that needs to be paid off eventually. The good news is, that if you are struggling with ...