Don't fear your bank account anymore...
Here's a quick reminder of what we've been through and how we can help you some more.
Keeping note of these points will help you secure a brighter financial future:
- Make sure you have the best Current account and don’t hesitate to change if you don’t
- Prepare a detailed budget of your income and expenditures
- Keep on top of you finances on a regular basis
- Act now if you’re in debt and prepare for the future
- Arrange a call back from a specialist with debtburn or arrange a meeting with your bank
Did you know?
That you’re more likely to get arrested than change your bank? And the banks know it! It’s important to get the best deal, the banks works for you, not the other way round. Banks have a terrible habit of giving you a freebie or good interest up front and then giving you a poor service and even worse deal for the rest of your life. Ensure you get a good deal that keeps getting better.
Top tips for better budgeting!
1. If you live with mates open a joint account for shared bills, such as rent and utilities. Work out a monthly contribution and set up a standing order from your current account. Then you’ll be sure exactly what’s left for other essentials and treats.
2. Did you know utility bills are usually estimated? These figures are based on previous bills at your address and may not accurately reflect your usage. Ask your gas or electricity company about meter readings.
3. Avoid credit cards—if you have no choice, shop around for the best deal on debtburn best card deals. Many offer 0% time-limited deals on balance transfers and it’s easy to organise, especially if you sign up with one of the internet-based providers. But don’t use your new interest free balance to go mad! All credit is debt—only use it as a last resort.
4. Remember…store cards are evil! The discount on offer rarely justifies the extortionate interest rate. Unless you’re really self-disciplined, don’t be tempted!
Harassment from creditors
Creditors are entitled to keep reminding you from time to time if you do not pay, as long as they don't resort to improper methods. It is illegal for a lender, or a lender's agent, to keep demanding payment, for example, by phoning you late at night, or too frequently at home or work. Neither should they park a van marked debt collectors' outside your home, nor contact your employer. You can't be prosecuted in the criminal court because you haven't paid your debts. Some lenders, however, might try to make you think you can. If you are being harassed tell your local trading standards department or the police.