Debt Camel Answers to questions about debts and credit ratings - in plain English!
- Amigo Scheme – final payment of 6.01% will be paid in April 2025by Sara (Debt Camel) on March 28, 2025 at 10:00 am
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.
- What should the default date be & when will it disappear?by Sara (Debt Camel) on February 12, 2025 at 8:00 am
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.
- Credit cards – the minimum payment trapby Sara (Debt Camel) on February 6, 2025 at 10:28 am
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.
- Problem overdraft? How to ask your bank for a refund of interestby Sara (Debt Camel) on January 29, 2025 at 10:54 am
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.
- Car finance commission – can you get a refund?by Sara (Debt Camel) on January 12, 2025 at 4:12 am
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.
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- How Analysing Bets Can Strengthen Your Decision-Making at Workby Rhi Admin on May 7, 2025 at 9:01 am
https://pixabay.com/photos/man-write-plan-desk-notes-pen-593333 In recent years, the boundaries between recreation and cognitive development have become increasingly blurred. Activities once dismissed as mere hobbies are now being recognised for the value they can offer in developing practical workplace skills. Betting, often viewed through a limited lens, is one such activity that requires a surprising amount of analysis, discipline, The post How Analysing Bets Can Strengthen Your Decision-Making at Work appeared first on The Money Shed.
- Making the Most of Digital Promotions: Where to Find the Best Dealsby Rhi Admin on May 6, 2025 at 9:53 am
A 3D illustration of gift boxes and voucher cards – Free Stock Image In today’s world, hunting for the best deals has shifted almost entirely online. Digital promotions have become a normal part of how people shop, book holidays, sign up for services, and even earn cashback. But with so many offers flying around, knowing The post Making the Most of Digital Promotions: Where to Find the Best Deals appeared first on The Money Shed.
- How to Build a Budget That Actually Worksby Rhi Admin on May 1, 2025 at 9:58 am
Green Plant In Clear Glass Cup With Coins Inside – Free Stock Image Creating a realistic budget isn’t about giving up every pleasure or tracking every cent with spreadsheets. It’s about creating a plan that fits daily life, adapts when things change, and helps achieve financial goals, whether that’s saving for something meaningful, getting out The post How to Build a Budget That Actually Works appeared first on The Money Shed.
- How Digital Entertainment Can Be a Frugal Pastimeby Rhi Admin on April 29, 2025 at 7:53 am
Photo by Rodion Kutsaiev on Unsplash Online entertainment continues to evolve and provide consumers with a convenient way to enjoy their favourite entertainment mediums, and can also be used to save money. Anyone who has tried to reduce their spending will try to cut things not classed as essentials, and entertainment can be an obvious The post How Digital Entertainment Can Be a Frugal Pastime appeared first on The Money Shed.
- Freedom and Choice: Understanding Consumers’ Wantsby Rhi Admin on April 26, 2025 at 9:24 am
Consumers in the UK have become more determined than ever to take control of how they spend their money, when they choose to engage in leisure activities, and what kinds of experiences they seek. Marketers soon realized that customer satisfaction is key for a successful business and therefore started to incorporate customer analyzation into their The post Freedom and Choice: Understanding Consumers’ Wants appeared first on The Money Shed.