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Cashback websites are one of the most simple but effective online ideas – shoppers who access a retailer’s store via the website will receive money as a reward for linking from the cashback website.

The most popular and best paying websites offering cashback will link to retailers that sell products from insurance to groceries.…

Whenever you apply for a loan or a mortgage, or any other type of credit arrangement such as a mobile phone contract, the lender will want to know if you are able to repay the debt. To seek clarification on this point, they will – besides asking you numerous questions – apply to a credit ratings agency (CRA) for details of your credit score.…

The Interest Rate on a Loan

Most people are familiar with how basic interest rates on loans are calculated. Anyone who knows how to figure out a percent discount can easily determine how much interest will be paid on a simple loan. For a loan with 10% interest paid on a balance of £100, ‘£100 x 0.10 = £10.’…

Prepaid credit cards are a cross between a debit card and a credit card, bearing some but not all features of both. Unlike a debit card, these hybrid cards do not deduct funds from the card-holder’s bank account; and unlike a credit card, they must be loaded prior to purchase with the card-holder’s own money, since they do not allow purchases to be made on credit. …

Many of us are no strangers to the reality of high-interest credit card debt. Unless we can afford to pay off the whole balance with a few substantial payments, most of what we repay on a monthly basis will go to paying off the monthly interest that’s applied, and if we pay the minimum allowed, it can take many years to pay off the balance. Fortunately, there’s a way to …

For many shoppers, credits cards are strictly a last resort. They are either secured away for emergencies or have been completely maxed out and are slowly being paid off each month. The nation has been swept by thrifty fever, and many are being encouraged to spend sensibly in this tough economic climate. However, credit card spending is not always a bad idea, and it has perks and benefits.…

What are Shared Ownership Mortgages?

This is a special type of mortgage used when you only want to buy a share of a property, typically 25% – 50% initially. This is often referred to as a part buy/part rent scheme. They are particularly popular with people buying for the first time because normally you can do it with a smaller deposit than if you were buying 100% of a property.…

Most people stick with their bank account for long periods of time, even if they are unhappy with the service being offered. The reasons for this are numerous; perhaps they believe that changing banks is too complicated, or even that all banks are ultimately the same anyway. However, switching current accounts is, in actual fact, not as difficult as many people think and can have huge financial benefits – especially …

Cashback credit cards are just like any other regular card, but with the added bonus of receiving a certain percentage of cashback on purchases you make. This guide takes a detailed look at cashback credit cards, the most popular types of cashback, and the different types of cashback you can expect, when looking at different providers.…

The concept of offset mortgages is relatively new to many people; having entered the UK markets just a couple of decades ago. The scheme can be best explained as just another mortgage option where the mortgage amount is offset by the borrower’s credit balances in terms of savings or current bank accounts. This offset results in a reduced mortgage interest rate as the interest is now calculated and charged on …