Credit Cards Guides

Credit cards can be used as a form of borrowing used to purchase goods and services, to obtain cash advances and for consolidating debt. For the majority of credit cards interest is charged if the balance is not paid in full by the 'payment-due date'. You can benefit from up to 59 days interest-free credit depending upon when your purchase is made. Some card providers charge an annual fee which can be waived in certain circumstances. A specified credit limit for each cardholder will be agreed at the outset and depends upon individual circumstances and can be regularly reviewed. Most credit card issuers insist on the cardholder paying a minimum amount each month or paying a percentage of any outstanding balance each month. There is usually a penalty for late or returned payments or for exceeding any personal credit limit. What are career development loans? Career development loans help you to finance your studies. This means you can improve your career prospects and so potential income. They can be used for full-time, part-time or distance learning provided the course is vocational and lasts no longer than two years. An additional 12 months is allowed if it is for relevant practical experience required by the cour Career development loans are deferred repayment loans. This means repayments are made at the end of the term of the loan. When applying for a career development loan, the bank will need check that you are eligible and meet all of their criteria.