7 Key Credit Card Truths You Should Know Understanding how credit cards impact your financial profile is essential for building and maintaining a strong credit history. Let’s clear up some common myths with these real facts about how credit cards work: 1. A New Card Can Affect Your Credit Score—Even If You Don’t Use…

  Smart Tips for Borrowing Money and Using Credit Borrowing money can be helpful, but it’s important to do it wisely. Whether you’re thinking about a loan, using a credit card, or buying something on finance, these tips can help you stay in control of your finances: 1. Do Your Research First Take the time…

  Paying Off a Credit Agreement Early If you decide to repay a credit agreement before the end of the term, the Consumer Credit Act allows you to reduce the total amount owed. This is because you won’t have to pay all the interest and charges that would have built up over time. If you’re…

  Cancelling a Credit Agreement When you agree to borrow money or pay for goods or services in instalments, you’re entering into what’s known as a credit agreement. If the agreement falls under the Consumer Credit Act 1974, you have the right to cancel it within 14 days — this is commonly referred to as…

  ✅ Understanding Credit Ratings & Credit Files What Is a Credit Rating? It’s a score based on your financial history that lenders use to decide if they should lend to you. The higher your score, the more likely you are to get credit at a better rate. Different lenders have different scoring systems, so…