There’s More…
Did you know that more than 6 million Brits believe they will never be free of their debt?
7. Delaying Processing Your Requests
Waiting on a cheque to clear can take several days, but did you know banks are known to delay the process even more?!
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While banks want you to believe they are making sure everything is in order, the real reason behind your wait is that if you fall into overdraft you will have to pay out more in fees.
8. Do You Need Insurance?
When you are the process of taking out credit, very often banks will try and sell you insurance, which will ensure you are covered if something happens.
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It might sound like a good idea in theory, but in reality, the small print of these policies usually state that not all of your debt will be covered if you can’t pay it!
9. Paying Off Debt Early Costs More!
When it comes to loans and mortgages, you’ll probably think that paying them off early would be a good thing. Unfortunately this isn’t always the case – lenders can force you to pay an additional fee if you do!
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