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
2
Q
What does APR take into account?
A
Size, number and frequency of payments
Any other UNAVOIDABLE charges
3
Q
What is the student loan interest rate related to?
A
RPI
4
Q
What is the salary deduction for student loans?
A
9% post 6th of April after graduation
5
Q
What are common types of debt?
A
Bank Personal loan Student loan Mortgages Credit unions Store cards