Calculators
-
Mortgage Calculator
See how much mortgage you can have
-
Debt Calculator
Work out how we can help you manage your debt
Avoid taking on more debt, expert warns
Carole Spiers, chief executive of the Carole Spiers Group, said that careful budgeting is the best way to keep money under control and avoid getting into debt.
She suggested signing up for more credit is a bad idea, although looking for 0% credit cards may make it easier to pay back existing debts.
"It is essential that at the first sign of problems in repayment, you must immediately talk to the lender so that they are aware of your position and are able to draw up repayment plans. If you do nothing, it can [lead to] repossession of you house and at the worst, bankruptcy," she explained.
Meanwhile, new research by Nationwide has revealed that online banking has made six out of ten people more aware of their finances.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2011-10-28 13:20:48 © Moneyextra.com
| Moneyextra.com's Top Picks |
| Barclaycard - Platinum Credit Card with Balance Transfer | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (2.9% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Royal Bank of Scotland - Platinum MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (3.2% fee) | 0% for 6 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Halifax - Balance Transfer Credit Card MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 22 months (3.5% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.95% PA. 0% for the first 22 months on balance transfers up to £3,000. You must have an annual income of £20,000 or more to apply | Details | |||
| Barclaycard - Platinum Balance Transfer Visa | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 21 months (2.6% fee) | 0% for 3 months | 17.9% APR |
|
Representative example: assumed borrowing of £1200, representative 17.9% APR (variable). Purchase rate 17.9% PA. | Details | |||
| Virgin Money - Credit Card MasterCard | ||||
Balance Transfers |
Purchases |
Representative APR (Variable) |
Benefits |
0% for 20 months (2.99% fee) | 0% for 3 months | 16.8% APR |
|
Representative example: assumed borrowing of £1200, representative 16.8% APR (variable). Purchase rate 16.8% PA. | Details | |||