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Does a large salary guarantee a good credit score?
If you have a large income, it may appear that you will be able to handle large amounts of debt with ease and, therefore, you should automatically have a good credit score. However, the credit bureaus may not agree.
The science behind 3-for-2 deals
We have all stood in a store aisle trying to do the math on which three items we should choose when we opt for a “three for the price of two” deal, or a “3-for-2” deal. But is there really a science to it?
6 Factors that do not impact your credit score
If you have entered the world of credit, you may have been warned that you need to protect your credit score. However, there are several things that won’t impact your score.
Boost your credit score with your internet or mobile phone contract
It can be difficult to qualify for credit, and you may not wish to take on further debt. An easy way to boost your credit score is to have an internet or mobile phone contract in your name.
Will your credit score decline if your credit utilisation is 0%?
The credit bureaus consider several factors when they calculate your credit score, including your credit usage and habits. But what happens if you have access to credit, and you don’t use any of it?
What alternatives are there to a credit score?
When you apply for a credit card or a loan, your new creditor will look at your credit score to assess your creditworthiness. However, is this the only indicator they can consider?
Refinance your car or pay off the existing loan?
When the economic climate and your personal circumstances change, it’s a good idea to review your finances to match your current financial state. Refinancing your car loan is one of the things you could consider. But is it a good idea or ...
Is there a secret to managing your overdraft successfully?
Having an overdraft facility on your credit card is a huge responsibility – especially since you can land yourself in too much debt. We have a look at whether there’s a one-step-fix-all action you can take.
What are traveller’s cheques, and when should you use them?
When travelling abroad you will have to make use of the local currency when purchasing goods and services. However, it’s not always feasible or safe to carry cash in a foreign country.
Stuck on a financial product? The cost of loyalty
When you find a financial product that works for you, you may stick with it. However, what happens when you unswervingly stick with the same product for 10 years?
Does your credit score take a hit when you request a vehicle finance quote?
Before you’ve had a chance to assess your credit score, you decide to get a basic quote on vehicle finance and find out where you stand in terms of credit. But you quickly find out that this impacts your credit score.
Why can’t you build your credit score before the age of 18?
When you turn 18, you will likely become interested in vehicle finance in order to claim your transportation independence. Alternatively, you may be interested in a credit card or insurance. However, your lack of a credit score may hinder your a...