Using credit wisely

Financial management

Difference between debit and credit cards

debit cards take money out of your current account while debit cards deduct the money from their current account.

3 ways to build good credit

- Pay your bills on time

-Only borrow what you can afford

-Pay your credit card balance in full

5 websites

Mint QuickView

Manilla

Daily cost

Tricount

Check

Explain three advantages and three disadvantages of using credit.

advantages:

convenience

Low cost loans

Instant cash

Disadvantages:

overuse

paperwork

deepening your debt

APR?

your annual percentage rate

You need to know this because you need to know how much(18%)

Ipod (11 months of payment)

Credit Karma

Because then you can get on and look for any mistakes

Call whoever is in charge of your finances

Talk

You can contact Inland revenue 0800 227 771

Credit