Counselling Works

read moreA 0% credit card can sound like a really great opportunity. You will be able to have a free loan which you can use for whatever you wish. You can take advantage of not having to make more than a small repayment each month and have the money for free. It all sounds fantastic, buy now and pay later and in the meantime no interest. However, the bank does not lend for free forever, they want to make a profit from you and this is where a 0% can trap you. Once the 0% period is up, they will start charging you interest and this can be extremely high.

read moreGetting a loan should never be an easy decision. You need to consider whether you really need the money and whether you will be able to pay it back. When you choose to get the loan can be crucial both with regards to the economic situation and your lifestyle as to whether repaying it will be easy or hard across the full term. It is not always easy to judge when the best time is to get a loan. Predicting what may change in the future can be almost impossible, but you can make some estimations as well as looking at the current situation.

read moreIt can often be a really good idea to pay a loan off early. You will be able to reduce the amount of interest that you pay and therefore gain financially and also lift the burden of having a loan from you. Before you start you need to do some calculations. You need to work out whether you will be better off financially if you pay your loan off early. In most cases you will be, but there would be a few exceptions where this is not the case. You may be able to borrow at such a low rate, that you can invest the money that you have borrowed and make a profit.