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