STUDENT LOANS AND DEBTS
LOANS
LOANS AND DEBTS IS MONEY THAT IS BORROWED AND IS PAID BACK OVER A PERIOD OF TIME.
OVERDRAFT
A OVERDRAFT IS WHEN YOU ASK A LITTLE BIT EXTRA TO KEEP YOU GOING UNTIL YOU ARE NEXT PAID
DIRECT DEBIT
Direct debits are a way to pay regular bills from your current account (such as your council tax or TV licence).
You can set up a direct debit by signing a direct debit mandate form, by going into branch or calling your bank. A direct debit can be set up to pay on a particular date every month, quarter or year.
CHIP AND PIN
Chip and PIN is a UK government-backed initiative to implement the EMV (short for Europay, Mastercard and Visa) standard for smart payment cards. A similar effort is also underway in the Republic of Ireland.
DEBIT CARD
A debit card is a form of credit card,but is electronicly coded to yourbank account.