Jargon busting
Buy Now Pay Later Schemes: How vulnerable do they make you?
Buy Now Pay Later (BNPL) schemes have become increasingly popular over recent years. They allow individuals to purchase goods and services and spread the cost (interest-free) over a number of monthly instalments. Some retailers have their own BNPL scheme, however many use a third-party provider such as Klarna, and Afterpay. When an individual opts into…
Read MoreCredit Unions and Banks: what’s the difference?
When it comes to borrowing and saving, naturally the first place many might think to go to would be a high street bank. However, there are other institutions that offer the same products that you may not be aware of such as credit unions. Credit unions and banks both offer a variety of financial products…
Read MoreWhat is a credit union?
A credit union is a not-for-profit co-operative, providing loans and savings accounts to its members. Their three main aims are: To provide loans at low interest rates To encourage regular saving To provide financial support and assistance to members and the community In 2023, the British credit union sector surpassed 1.5 million members (including junior…
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