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      Hire purchase Unsecured loans Secured loans Store cards Credit cards Overdraft Social Fund Doorstep lenders Payday loans Credit Union Activity 4 . Advantages of borrowing. Can help make ends meet until the end of the month. Makes larger purchases possible. Builds up a good credit history. Helps deal with the unexpected, e.g. redundancy or illness

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      "We can erase your bad credit-100% guaranteed." "We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!" Scam agencies promise to clean up your credit report for a fee so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can't deliver.

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      Payday Alternative Loans. The National Credit Union Administration encourages credit unions to offer a “Payday Alternative Loan,” a low cost, small-dollar loan. Loans range from $200 to $1,000, with application fees not to exceed $20 and an interest rate not to …

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      There is rarely a good reason to have more than one or two credit cards. Having too much credit can lead to bad decisions and unmanageable debts, and it will lower your credit rating. This can make it harder for you to get other lower interest rate loans. Avoid accepting a credit card just to get a discount at a store or a “free” gift. 3.

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      This course also introduces the student to personal finance, including opening and maintaining a checking account, and credit card pitfalls and proper use, a very important skill for all young adults. It is designed to familiarize the student with all aspects of a typical bank including savings, loans, operations, and audit functions.

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