Credit Cards Explained

  • Use to your advantage
  • Rebuild your credit rating
  • Find out about Vanquis
  • Play by the rules to be OK
  • Be wary of the pitfalls

Credit Cards In 60 Seconds

All about Credit Cards

 

Video Transcript

A credit card is probably the easiest and most flexible form of borrowing. Using one is like borrowing on an item by item basis. And they come with a host of advantages over cash:

  • You can buy now, pay later and take advantage of interest-free deals
  • Losing one is safer than losing cash
  • You’re legally protected when you make payments of £100 to £30,000.

But the ease of getting and using a credit card is matched only by the ease of getting into financial trouble if you mismanage repayments!

To stay in control of your credit card means making sure you repay the full amount each month. You can get the cash flow benefit without paying any interest!

However, the credit card will take control of you if you only make small monthly repayments. Then your debt will grow month by month. And because interest rates on cards are relatively high you’ll start to be charged large sums of interest very quickly.

But if properly managed there’s every reason for a credit card to be in your wallet.

Explore numerous credit card options, including those designed to help rebuild your credit rating, by visiting our website now.

Audio Track

OUR PROMISES

  • No Upfront Fees
  • Smart Online Service
  • Stay Safe & Secure
  • Independent & Impartial
  • Trusted Partners

WHY CHOOSE US?

For over a decade Solution Loans has helped people all over the UK find solutions to their personal finance problems.

OUR REPUTATION Common

OUR REPUTATION

Our reputation is great. In fact we have scored 4.7 out of 5 based on 1672 ratings & 252 user reviews across its range of services.

THE SOLUTION TO YOUR MONEY PROBLEMS

FIND A LOAN find a loan now

Answer 4 quick questions and will tell you what kind of loan options maybe avialiable to you

APPLY NOW apply now

We provide quick and simple enquiry forms that are 100% safe & secure to access the loan you need.

Written/Reviewed by: Amanda Gillam