Weekly payment stores allow customers to ‘rent’ expensive products with a view to purchasing them towards the end of the agreement. At first glance, this looks like a great deal. You get an item that you may not otherwise be able to afford and you get to keep the product once you’ve paid it off.
They are one of the quickest and simplest means of securing funds, but anyone taking out a PayDay loan pays heavily for this convenience. PayDay loans are one of the most expensive ways of borrowing money; failure to meet the strict repayment rules can quickly lead to the debt spiralling out of control and seriously
Redundancy leaves many scars in its wake; often the most pressing issue is how to cope with the sudden loss of income. Fear and panic can easily set in, as the implications of losing a precious salary overnight start to sink in. It’s vital not to allow your worries to cloud your judgement – keep
If you’re temporarily struggling financially, it can be a good idea to borrow what you need. While not getting a loan is always the best advice you can follow, there are times when they can prove to be useful. At one time lenders would only lend thousands of pounds to borrowers. However, with the rise
A bailiff may pay you a visit if you have an unpaid debt and you have not been in contact with whoever you owe the money to. They are also engaged to provide a personal handover service for certain legal documents. Bailiffs are effectively ‘enforcement agents’, whose job is to uphold the law. They have
Annual Percentage Rate (APR) is the term used to describe the amount it will cost you to borrow money for one year. It is calculated using a standard method with an assumed level of borrowing of £1,200. The calculation also takes into account the interest charges and any other fees, such as annual fees or