Personal Finances Articles

  UPDATE March 2025 – final scheme payment announced Amigo has announced the last percentage payment will be 6.01%. Together with the first percentage payment, this takes the total up to 18.51%. The amount you will receive will be a bit less than half the previous percentage payment you received. (If you have received 2 The post Amigo Scheme – final payment of 6.01% will be paid in April 2025 appeared first on Debt Camel.

A default hurts your credit score, but how long for? That depends on the default date recorded on your credit file. If a the default date is too late, it harms your credit score for longer than necessary. The Key Rule to remember is “A default drops off after 6 years”. This always happens, regardless The post What should the default date be & when will it disappear? appeared first on Debt Camel.

Do you only make the minimum payments on your credit cards? If money is tight, you may feel you can’t afford more… But do you know that there is a simple alternative that will speed up debt repayments a lot, not harm your credit record and not cost you any more? Repaying a credit card The post Credit cards – the minimum payment trap appeared first on Debt Camel.

Have you had big overdraft problems for a long period? You can make an affordability complaint and ask for a refund of overdraft charges if: your overdraft limit was set too high at the start or increased to a level you are unable to clear; or your overdraft usage showed you were in long-term financial The post Problem overdraft? How to ask your bank for a refund of interest appeared first on Debt Camel.

There are now two different types of car finance commission complaints, “discretionary commission” and “undisclosed commission”. In January 2024, the FCA allowed car finance firms to “pause” their handling of discretionary commission complaints. Then in October, a major appeal court case covered a completely different reason for asking for a refund of car commission – The post Car finance commission – can you get a refund? appeared first on Debt Camel.