Banking And Debt Flashcards

1
Q

What can effect a credit rating?

A
Not being on the electoral roll
Not repaying debt
Bankruptcy 
Length of time living at address
Financial association 
Not using credit
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2
Q

What does APR take into account?

A

Size, number and frequency of payments

Any other UNAVOIDABLE charges

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3
Q

What is the student loan interest rate related to?

A

RPI

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4
Q

What is the salary deduction for student loans?

A

9% post 6th of April after graduation

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5
Q

What are common types of debt?

A
Bank
Personal loan
Student loan
Mortgages
Credit unions
Store cards
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