Banking & Finance

If someone is having difficulty in making payments, an option could be a Debt Management Plan. A debt management plan (DMP) is a correspondence between the person and his creditor (debt management companies or organizations). It usually refers to negotiating reduced interest rates or payments on one’s account. The reduced payment amount makes payments more manageable and allows to pay down the owed debt continuously.

Debt Management Objectives

The objectives of debt management are:

• To minimize borrowing costs to keep risks at an acceptable level
• To support the development and functioning of the domestic financial markets

Debt Management Process

There are many debt management companies available that help to negotiate with all creditors in the meantime and create a payment plan whereas, a debtor makes one monthly payment to the debt management company.

The company then makes individual payments to each of the creditors on debtor’s place. Debt management companies usually charge a fee for their service.

Debt Management Types

There are three basic debt management types

Debt Negotiation

Debtor making an agreement with their creditors without any help of a debt management company is debt negotiation.

Debt Consolidation

Debt management company assists you to get your debt under control. In a debt consolidation, the debtor makes one payment each month to the company and company then makes payments to each creditor.

Debt Consolidation Loans

Debt Consolidation Loans involves debtor taking out one large loan to pay off all smaller debts. One disadvantage of debt consolidation loans is that debtor has to pay interest on that loan which will add up over time.

A debt management plan (DMP) is NOT a loan. It is a part of the debt consolidation plans packages that are designed to help people recover standard of their finances while reducing non-guaranteed debts.

Debt Management Advantages and Disadvantages

There are a few following advantages as well as disadvantages of Debt Management.

Advantages

• The debtor can use this even with the bad financial condition
• Reduced or eliminated interest rates from the debts
• Making every day and punctual payments can modify the credit report and credit score over time
• Getting out of debt
• No penalization and collections of interest

Disadvantages

• Account freezing which a debtor include in the debt management plan
• No application for the new credit card to the clearance of debt

Debt Management Plan in the UK

In the United Kingdom (UK), residents can also apply for an Individual Voluntary Arrangement along with Debt management plans, which can give the debtor some discount on their debt.

Top 11 Debt Management Companies in the UK

Debt management is actually monitoring and managing the risk factors and one of the most challenging tasks about financial problems is finding the correct place. The abundance of Debt Management Companies (UK) are offering free assistance, so it is a difficult task to choose the right one.

Top 11 debt management companies in the UK, performing their functions and services, are going to be discussed here comparatively.

Company	Offers	DMP Cost	Reviews
Gregory Pennington	Debt management	18.5% of monthly payment	Excellent Customer Service Quick response Individual voluntary arrangements (IVA) Bankruptcy, debt advice
Debt Advisory Line	Debt management	varies	Brilliant professional advice Courteous Individual voluntary arrangements (IVA) Attentive debt advise
Peace Of Mind Group	Pay off debts, loan, trust deed, Bankruptcy, debt collection, consolidation loan, debt in the bank	17.5% of monthly payment	Excellent Customer Service Quick response
Carrington Dean Group	Individual voluntary arrangements (IVA), debt management scheme, trust deeds, bankruptcy, debt advice, debt arrangement scheme.	15% of monthly payment	Excellent Customer Service Quick response
National Debt Help	Individual voluntary arrangements (IVA), debt management, bankruptcy, debt advice	Free	Excellent  Service Quick Response Less Stressful
Step Change	Individual voluntary arrangements (IVA), debt management, bankruptcy, debt advice, and trust deeds	Free	Excellent  Service Quick Response Less Stressful
Independent Debt Management (IDM)	Personal finance, business debt management, debt advice, equity release	25% of total amount	Good Service Good Response Costly
ACME Credit Consultants Ltd	Bankruptcy, Individual voluntary arrangements (IVA), debt management plans, personal finance, and debt advice	20% of total amount	Good Service Instant Response Costly
Pay Plan Live again	Individual voluntary arrangements (IVA), self-employed Individual voluntary arrangements (IVA), debt management plan, trust deeds, debt relief orders, bankruptcy etc.	Free	Less Stressful Instant Response Great Service
Harrington Brooks	Individual voluntary arrangements (IVA), debt management plan, bankruptcy, debt relief orders, debt consolidation etc.	₤ 80 monthly	Good Services Costly Prompt Response
Money Plus	Individual voluntary arrangements (IVA), debt management plan, bankruptcy, debt relief orders, debt consolidation etc.	49% of monthly payment	Good Services Costly Prompt Response

Conclusions

A debt management plan (DMP) is a correspondence between the person and his creditor. Many debt management companies help to negotiate with all creditors in the meantime and create a payment plan whereas, a debtor makes one monthly payment to the debt management company.

There are numerous debt management companies or organizations addressable to assist people having debts in the UK. All of the top debt management companies of the UK mentioned above have humongous information available regarding debt management plans or many other debt management schemes with either free or costly help available. One can easily compare and take help in choosing DMP with respect to the companies.

Everyone does not get full of their credit card offered rewards just because of the knowledge they do not have at all. Credit card reward programs are not so complicated.

They are simple, easy & awesome as well

The same is Avios Point Credit Cards. Consumers can earn rewards easily with the following strategies and redeem at various outlets, airports, hotels, and shopping stores.

Choose Right Credit Cards with Avios Points

Multiple banks in the UK offer a credit card with Avios points. Lloyds, TSB, American Express, HSBC, Tesco and few more banks facilitate consumers with rewards.

Most of them give signup Avios points bonuses to clients. All you have to do is to select the best Avios credit cards for your needs & spending patterns.

Top Strategies to Earn Avios Points

Bank & Shop with Avios Card

The easiest and simplest strategy is to Sign Up with Avios. Once after signup, you shall be given the opportunity to earn points that you can redeem. These earning will be credited to your account or your British Airways Executive Club account

Many of us have more than 1 credit cards in the pocket and use them randomly. The best & most used earning strategy is to use card giving you the best conversion to your points.

Like Tesco gives 0.3 per £1 spending but American Express gives 2 Avios per 1 pound.

So why use Tesco?

If you are thinking to use your debit card to get rid of monthly credit card bills, do not do it. Debit cards won’t give you return. Swap your credit card and pay your bills instantly.

This way you are getting double benefits. The first is Avios points and second is building a good credit score.

Shop Online with Avios E-Store

Buying from random eCommerce store is not a good choice when you have Avios E-Store. With Avios E-Store, your Avios points transferred into your account within 35 days of purchase.

Book Holidays with British Airways

Planning a honeymoon or business trip. Book your flights with British airways using your card. Do not forget to book a rental car too. With each £1 spent, you get 2 points. Check multiple online options for hotel selection around the globe

Online Surveys

Giving approx 45 minutes can return you with points. Not every day you are free to fill online surveys but someday or weekends may be randomly selected for this. Avios Online survey programs are interlinked with British Airways.

Your spare time can be utilized. Simply these earned points can be transferred to your account and further transferred to your British Airways.

Transfer your Hotel Points to Avios

Just with few clicks online, transfer your other credit card rewards points into Avios. This way your hotel points, reward points can be moved here to fly free.

Shop with Avios Channel Partners

Shop with more than 100 Avios channel partners to earn Avios rewards at each £ spending.

Here is a list of few HOT Avios Offers

Get 12 on £1

• Wolf & Badger
• MathcesFashion.com
• Biscuiteers Banking Company
• Karl Lagerfeld

Get 20 on £1

Appleyard Flowers

Get 7 on £1

Viking Direct

Get 8 on £1

Joseph, Cath Kidston

Get 6 on £1

• Joseph
• Cath Kidston
• Clarins UK
• NotonTheHighStreet

Get 4 on £1

Dorothy Perkins

Get 11 on £1

Links of London UK, Gap UK,

Get 15 on £1

Boohoo UK bonuses with 5 Avios per £1

Get 13 on £1

Ranging Bull

Get 9 on £1

Cowshed

Get 10 Avios on £1

• Toms UK
• The Royal Mint
• 24 Severs

Get 18 on £1

Facetheory

Get 6 on £1

Vestiaire Collective

Refer a Friend

Amex Preferred Gold Card gives a great offer of referring a friend, With this offer, simply refer any friend or family member to the card to earn 9000 rewards and 4000 rewards.

Switch your Magazine

Business Traveller Magazine gives up to 2000 points to their subscribers

Avios is one of the right decisions you make to book your domestic & international flights with points for free. This list of the UK’s top Ranking Best Avios Credit Card helps you to choose one of the best options in the most competitive banking market.

Today, every bank tries to capture maximum market share with latest, outstanding, competitive and reliable offers with their services. Similarly, banks give you reward points by using regular or reward cards to use through various available options under banking program partners.

Avios credit card is your first need to go for free travelling from the UK to anywhere or pre-defined destinations by card issuers & airlines. It offers Avios points on your spending. Avios Credit Card Points may be used in various options.

Actually, this isn’t as simple to select from a list of Best Avios Credit Card, being first-time credit card users; before you apply for. You have a greater number of alternatives; you may suspect. There are different cards which offer rewards which can be changed over into Avios points. These cards include a 3% foreign exchange fee, so you should need to get a different free credit card to utilize abroad.

Avios points are used to get free flights around the globe, especially with BA. British Airways with the collaboration of banks launched Avios Travel Reward Program that lets to enjoy free flights, unfortunately; it may be closed in coming days. Alternatively, consumers can redeem Avios points without that program.

Avios Card issuers allow you to earn points by doing your daily expenses with their specific card. There are multiple banks offers the points with little variations on spending patterns and amounts. Each of them is good at their best. They are partners with Iberia, Kulula, British Airways, Marriott, IHG, Virgin & Avis.

Basically, Avios Credit Card issued by Absa Bank Limited but many other banks offers similar services with different brands.

You get points with every purchase. These points may be doubled simply by spending on BA. BA is the official partner of the Avios Travel Reward program.

Benefits of Avios Credit Card

1. Individual Determined Credit Card

Each card is individually defined with the credit limit assigned to the cardholder. Not everyone is earning enough amount to get £3000 limit. Each cardholder has fix limit depending upon its credit history, credit score & monthly income.

At that maximum spending limit, your card will no longer be used for further purchases unless you clear previous bills.

2. ATM functionality

Avios cards may be used on Automated teller machine or ATM in whole world VISA & Master Card channel partner’s ATMs. No matter you are in UK, USA, Malaysia or China. You are free to get instant cash in local currency.

3. Notification Service/SMS Alerts

Notify me service helps consumers to get alerts on each purchase, transfer and withdrawal from their account using a credit card. In case, the holder lost his/her card and gets a notification. He can instantly block card to Avios more misuses and file a complaint.

4. Protection Measures

Master card purchases give theft protection to cardholders.

5. Free Transaction

Most of purchases transactions are free of cost. No fee will be charged on them excluding few internet banking, withdrawals, casino etc.

6. No Interest Credit

Get interest free credit for 55 days from the day of completed purchases at the store. Cash withdrawals, Casino transactions, Budget plan purchases & internet banking are not in it.

Upon bill payment before the last date, the consumer will not be charged any interest or fee. Late payments may disturb your monthly budget with a high fee and interest charges

7. Lost Card Protection

You lost a card is still protected. It is only you who can use it.

8. Other AviosCard Benefits

• Earn Avios on all purchases, one Avios is R10
• At BP and Pick and Pay Earn double Avios
• You can use your Avios to book flights with British Airline.
• You are allowed you to collect and spend Avios just after three years
• Choose your own card face from options
• Access to platinum Master card
• Membership to Avios Travel program is totally free

Few UK Banks offering Avios Credit Card

• Lloyds Avios Card
• American Express
• Tesco Credit Card
• TSB
• HSBC

Best Avios Credit Cards in the UK – Select the Right One

1. HSBC Premier World Elite Mastercard

HSBC Premier World Elite MasterCard is specially designed for exclusive customers wishing for air rewards during their annual holiday, at honeymoon or annual tour to some new destinations, HSBC Master Card; on the spending of only £2000 awards consumer with 40,000 rewards.

Isn’t it amazing?

Signup Bonus	80,000
Avios points	40,000
Annual fees £	195
Representative APR variable %	59.3
Notional credit limit £	195

This card gives 80,000 HSBC points convert into 40,000 Avios. It has a £195 annual fee that is non-refundable. You have to spend £12,000 in your first year to activate the full bonus, and the second half can be received at the end of the year which consigns you to pay the fee of two years.

But it is limited to use within 3 months of activation. Additionally, you may also get more 40,000 reward points on your credit card’s first birthday by spending only £12000.

HSBC Premier follows strict criteria which are only apt for high earners. This card also gives access to airport lounge through LoungeKey.

2. American Express Gold Credit Card

With Gold Credit card, every customer is given a bonus double to the amount he/she spends. That is £1 x 2 points. You get 2000 reward points if you spend £1000. This is not the all, along with all this. You may be given 3 points on £1 purchase/booking with this card.

In the first three months of your credit card subscription, you may be given 20,000 points by spending £20,000 only. Additionally, Every year, every customer is gifted for 2 lounge visit on more than 500 international lounges.

Signup Bonus	20,000
Avios points	20,000
Annual fees £	0
Representative APR variable %	57.6
Notional credit limit £	1,200

Earning Amex Points is as easy as to spend on preferred options including entertainments, ticket booking, gadgets, online purchases & Amex Gift Cards.

3. American Express Premium Plus Card

American Express Premium Plus Credit Card offers 25000 Avios points to every customer who opens a new account with the bank on the spending of only £3000 in the first 90 days. Use it for your daily expenses to get benefits. Spend virtually to get 3 Avios points on each £1.

Avios points	25,000
Annual fees £	195
Representative APR variable %	76
Notional credit limit £	1200

With British Airways, spend only £10000 in 1 year to receive a free complimentary ticket with BA Flights. Last but not least, Try referral programs to 90000 Avios points in your account (per year).

4. American Express Platinum Credit Card

American Express gives 30,000 Membership Rewards points change over into 30,000 Avios. £450 yearly fees discounted star rata on cancellation. It is issued by Amex. You have to spend £2,000 in 3 months to trigger points.

Signup Bonus	30,000
Avios points	30,000
Annual fees £	450
Representative APR variable %	14.9
Notional credit limit £	1000

The Platinum card likewise accompanies a significant number of other travel benefits including inn status cards (Starwood Preferred Guest Gold, Radisson Rewards Gold, Hilton Honors Gold, Melia Rewards Gold, Shangri-La Golden Circle Jade).

It also gives travel insurance and two Priority Pass cards to avail free airport lounge, access to the Plaza Premium parlour in Heathrow T5 and Eurostar lounge availability.

5. Amex Rewards Credit Card

It is the best card for you if you want to avoid the annual fee while having a Preferred Rewards Gold or Platinum Amex Card. This card which is also issued by Amex has 3 types:

LOW RATE

This version offers 5,000 Membership Rewards points as a bonus and 9.9 Representative APR variable.

BASIC

This version offers 10,000 membership Rewards points’ bonus and 22.9% Representative APR variable.

PURCHASES

This version has no sign-up bonus, and for 18 months, offers 0% APR on purchases and Representative APR of 22.9% variable. These are No annual fee cards.

Signup Bonus	30,000
Annual fees £	0
Notional credit limit £	1200

6. Tesco Clubcard Mastercard

Tesco Clubcard MasterCard offers relatively fewer points per £1 spent. Comparing to the above three Avios Credit Card, you get only 0.3 points on 1 pound spending on converting Clubcard vouchers into Avios. It also gives you Uber Credit, free miles with Virgin. The membership signup bonus is only 24000 points.

7. IHG Rewards Club Premium Mastercard

IHG Rewards Club Premium MasterCard charges £99 annual fee. Like Tesco, It offers 0.3 Avios on £1 purchase. IHG Reward card gives you free night stay at IHG hotels after spending £10000. On signup, you received 20,000 IHG Reward Points.

Signup Bonus	20,000
Avios points	4,000
Annual fees £	99
Representative APR variable %	41.5
Notional credit limit £	1200

This card, issued by Creation, offers 20,000 IHG Rewards Club points which can be converted into 4,000 Avios. Bonus can be activated with £200 spend.  Representative APR 41.5% variable, it includes fee-based on a notional £1200 credit limit.

8. Starwood SPG American Express

Starwood SPG American Express gives 1 Starwood point after the spending of £1 only. Starwood SPG Points can be converted with more than 25 different airlines and hotel points.

Signup Bonus	10,000
Avios points	10,000
Annual fees £	75
Representative APR variable %	36.2
Notional credit limit £	1200

Starwood Flat conversion rate is highest, i.e., 1.25 Avios per £1. Starwood Gives 10,000 signup bonus

How to Collect Avios Points Fast

With each swipe on a store, you get points. Guide in our website about Earning Avios points may help you to get more & more points with minimum purchases and fewer efforts. Collected points consumption can take to your destination you like from below or others.

Do Avios Points Expire?

Of course, they do. Avios points are saved if you spend minimum of 1 with 3 years. This way your points will stay as long as you keep collecting them. Do not forget to use.

The Amex EveryDay Credit Card from American Express is a wise choice if you have family & spend a lot on Gas Stations and groceries. It is most compelling; no annual fee card offering 2.00x points.

EveryDay Card gives more points – this is a pretty matchless card for those who don’t spend much on credit cards but still wants to earn valuable rewards.

Card Sign-Up Bonus

After spending $1,000 within three months Everyday credit card rewards you a sign-up bonus of 10,000 Amex Membership Rewards points. Though this is not a huge sign-up bonus for a no annual fee card but, it is still not bad.

You can exchange Membership Rewards points for a number of rewards, such as:

• Gift cards
• Statement credit
• Travel Rewards
• Merchandise in categories like technology, home, and office, fashion and beauty etc
• Events and experiences
• Donations
• Payments at checkout with points

Annual Fee

The Amex EveryDay Card charges no annual fee. At no extra cost, you can also add authorized users to the card.

Annual Fee= $0

Purchase APR =14.74%-25.74% Variable

Card Return on Spend

It is the very reason why you want the card. The Amex EveryDay Card gives:

• 2x points at US supermarkets, on the first $6,000 spent annually
• A 20% points bonus on making 20 or more purchases on per billing cycle

This card has no annual fee but still gives more points per spending on non-bonuses purchases as compared to AMEX Platinum Card and the Premier Rewards for Amex Gold Card.

Intro APR

For the first 15 months after account opening 0%, intro APR would be on purchases and balance transfers. You’ll have a purchase and balance transfer APR of 14.74% to 25.74% after this intro APR expires.

2.00x Points at US Supermarkets

You’ll earn 2.00x points at US supermarkets (on up to $6,000 per year in purchases, then 1x points on eligible purchases.

Access to Amex Offers

One of the amazing rewards of having a card is having access to Amex Offers, which saves your hundred dollars per year. These offers give you discounts or a chance to earn bonus points with retailers. The ideal situation is to have no annual fee

More Amex Rewards Points the More You Use Your Card

You will get 20% more points on the purchase if you make 20 or more purchases with your card in a billing period.

Transferring Amex Points

Membership Rewards points can be transferred to eligible frequent traveller programs, i.e. British Airways Avios, Emirates Skywards, Choice Privileges Rewards, Hilton Honors and Starwood Preferred Guest.

Use Membership Rewards Points for Some Charges

You can easily redeem Amex Points as For some types of purchases — such as dining and entertainment — card charges can be paid with Membership Rewards points.

Travel Insurance American Express

For vacations, you can have access to the American Express Global Assist Hotline and Roadside Assistance Hotline.

ShopRunner Benefits

Through ShopRunner get free two-day shipping from different stores.

Purchase Benefits

You will have complete warranties on eligible items you buy with your card. By Purchase Protection your eligible items are sheltered against theft and accidental damage.

Transfer in Limited Time

To take benefit of the intro APR for balance transfers, make transfers within the first 60 days after the opening of your account.

Not Widely Accepted Overseas

As Visa or Mastercard, the Everyday Credit card is not widely accepted overseas.

Penalty APR

American Express may assess a penalty APR of up to 29.99% that will differ from the market on the basis of Prime Rate.

This APR can apply to new transactions on your account if:

• you make one or more than one late payment

Penalty APR applies for at least 6 months. Your account is reviewed every 6 months once the Penalty APR is applied. It will keep on applying until after you have ended timely payments, with no returned payments throughout the 6 months being reviewed.

Foreign Transaction Charges

If you use this card on a foreign website or abroad you will pay a 2.70% transaction fee and potentially

Transaction Charges/Fee

You have to pay a fee for making a balance transfer or advance cash.

Late Pay Penalty

You have to pay $38.00 fee per infraction if you delay payments. You can do online Amex credit card payments to avoid this fee.

Annual Membership: $0

balance Transfer: $0

Cash Advance: Either $5 or 3% of the amount of each cash advance, whichever is greater

Foreign Transaction: 2.7% of each transaction after conversion to US dollars.

Late Payment: Up to $38

Returned Payment: Up to $38

Overlimit: None

Everyday Credit Card Application Criteria

• You must be 18 years old
• You must be a Us citizen
• Your credit score must be 680.00 or higher
• No hard pulls on your credit report
• Low balance relative to your credit limits

Everyday Credit Card in a Glance

• No annual fee.
• You can Earn 10,000 Membership Rewards points after using your new Card within 3 months to make $1,000 in purchases.
•  Intro APR is 0% that is too low for 15 months on balance transfers and on purchases, then a variable price, currently 14.74% to 25.74%
• Within 60 days from account opening, Balance transfers should be requested with $0 balance transfer fee.
• You can get 2x points at US supermarkets on up to $6,000 in purchases per year and1x points on extra purchases.
• You can utilize more than 20 times on purchases in billing time and can earn 20% more points on those purchases fewer returns and credits.

Though the Amex EveryDay Card is the best credit card and The Platinum Card from American Express and the Premier Rewards Gold Card from American Express are charge cards, Amex limits its consumers to have five credit cards to approving the major limitations.

The approval of Amex cards is easy for those having a huge credit. For those who try to make credit or without a giant credit history, Amex offers rewarding cards that would be beneficial to develop their credit history.

Best Substitutes

You can also use others cards as a substitute to Amex’s.

Amex Every Day Preferred Credit Card

This card which is the premium version of EveryDay Card, offers you $95 annual fee, 3x points on the first $6,000 spent annually at US supermarket, 50% bonus points on making 30 or more purchases on per billing cycle, 2x points at US gas stations.

Chase Freedom Unlimited Credit Card

This card is another best substitute for Amex EveryDay card. It has a 0% annual fee and offers 1.5x points per dollar spent, offers Unlimited Rewards points that can be converted into Ultimate Rewards points.

The Bottom Line

Those who need a no annual fee card that offers kind rewards, the Amex EveryDay Card is the most rewarding in the market. This card offer Membership Rewards that can be exchanged for airline or hotel partners. It’s a wise choice if you regularly spend.

This is among one of the two cards which charge no annual fee and accumulating these sorts of Membership Rewards points. One of the shining points of Amex card is that it earns above 1.2 x Membership Rewards points on per dollar spent that is much better than other Amex’s card which charges high annual fees.

Pay RBS credit card payment bills using a way that suits you. Getting the most out card, and keeping up a decent installment record, implies finding an installment technique that suits your requirements. RBS offers card payment options that suit your budget & convenience with the lowest charges.

RBS offers Corporate & Personal banking to local & international clients. RBS Credit Card Services & Banking products build a milestone to acquire a stronger market share.

According to Statista, UK Bank Market share is captured by the Royal Bank of Scotland is 18% because of its astonishing customer’s goodwill.

RBS Card equipped with value-added services of paying your bills online using your mobile phone through apps available in the Android store & Apple store. With each payment you make, you earn rewards to use as per your needs.

Be easy; pay your bills by dialling phone number or login into Royal Bank of Scotland Online Services.

Still finding other ways?

Yes, customers can pay through traditional mailing services.

Do you want to know “how to pay RBS credit card payments yourself”? it’s really very easy to do. There are a number of manners you can pay your make RBS credit card payments:

• By Mobile app
• By Digital Banking (by a Royal Bank of Scotland current account)
• By credit card online services:

By Debit Card and by Direct Debit

• By Royal Bank of Scotland branches
• By mail
• By another bank’s online Telephone banking Service (up to 2 hours via faster payment)

Pay via Mobile App

First of all, you have to:

1. Log in RBS bank via your Mobile app
2. Navigate to rbs credit card account and select “pay credit card”
3. Choose the desired account from which you want to make payment
4. Choose payment amount whether from the pre-defined amount or enter another
5. Check payment details and confirm

The above process will confirm your payment within 2 hours.

Pay By Digital Banking

1. Go to www.rbsdigital.com, signup if new or login if existing
2. From the left – hand menu, select ‘payment and transfers’
3. Go to ‘make payment to transfer’ menu and select ‘make a payment and transfer’
4. Select the desired account to pay from

Note: Pick ‘To’ from the drop-down list in case you are making a payment from your credit card, otherwise pick ‘pay someone new’ and insert the name of credit card’s provider, account number and sort code as well.

For reference Insert 16 digit credit card numbers.

Select ‘Next’ after inserting amount and payment date and confirm the details

Note: At this point, you have to affirm your payment with a card-reader (trail on-screen instructions)

Pick ‘Confirm’ to confirm your payment

Payment will be confirmed within 2 hours.

Pay By Credit Card Online Services

First of all, Register to RBS Credit Card online services to make payment. By using your credit card or by establishing a direct debit you can pay off part or all of the shown balance on your credit card statement online.

There are 2 ways for online credit card payments.

To Register: https://www.rbscardservices.co.uk

Payment by Debit Card

1. From the main menu pick ‘Payments and transfers’ option
2. Pick ‘Pay by debit card’ option
3. Follow the on-screen instructions after making payment to your card

Note: It may commence two days to clear your payment; however we antedate it to the same date you made the payment.

Payment by Direct Debit

1. From the main menu pick ‘Account management’
2. Pick ‘Account services’
3. Select ‘Pay your Royal Bank of Scotland Credit Card by Direct Debit’.

Note: by ‘Online Direct Debit form’ link you can set up direct access. By clicking Direct Debit form’ link a copy of the direct debit form can be printed.

RBS Card Payment in Branch

Rbs credit cards payment can be made through your current account via Chip and PIN after a record has been set up. If you want assistance in this regard; visit the nearest branch along with your RBS credit card details.

Royal Bank of Scotland Payment By Mail

Make payment by post as well. For this, your cheque should be payable to Royal Bank of Scotland. After that send this cheque and bank giro credit slip to the following RBS Card payment address:

Royal Bank of Scotland Milton Keynes, MK77 1SE.

Payment will be completed within 7 working days.

Note: Cheque ought to be cleared before acceptance of payment and must not be post-dated.

By using another Bank’s Online or Phone Banking Service

If you want to make your card payment by using other banks online or telephone banking service, from your bank Girgo slip, quote your credit card number and sort code.

Quote 00000000 in case bank account number is requested.

Faster payments will take 2 hours and other payments will spam on 3 working days.

Note: These details can’t be used for a Chaps payment

RBS Credit Card UK Services Number: 0345 600 2230

Mid Class families living their lives within limited financial resources. These are families doing small businesses or medium-level jobs. They too desire to have a car but not everyone can afford. This is why these families avail bank financing, as vehicle get old they can use car refinancing for new one. This car loan bank service helps them to pay the amount in parts with predefined interest over the amount banks, credit unions or financial institutions pays to the car manufacturer, dealer, and owner on your behalf under different car financing options. Banks charge different interest rates in different territories depending upon the state’s financial condition & consumer’s credit score.

Credit score is bank’s internal rating system to help its evaluation in allowing consumers to avail or not to avail bank’s credit facility that includes mortgage loans, credit cards, personal financing, business financing, home loan, car loan, and car financing and other banking products.

What is Car Refinancing?

Car refinancing is an auto loan replacement process to another bank within more favorable terms for the consumer.  According to consumer reports, 84.5% of cars on roads are bank financed. Usually, second chances are hard to arrive. If you are getting it, try to avail yourself.

Car refinancing is for you under the umbrella of your needs. It’s not for you too. Most of the people wish to lower their markup rates, monthly payment, and extending their payment tenor. It depends! This article will improve your knowledge by explaining Car Refinancing, How Refinancing works, What are Pros & Cons, Should you refinance your car, and when it should be

How does Auto Refinancing work?

Car owner connects to the new bank to pay parent bank for the car he/she has. Car owners (authorized to drive, maintain and keep the car for their personal or business usages. They are called as an owner but not owner by law. The owner is a financing institution because this person cannot sell the car without permission). This practice is adopted by consumers are not able to pay or willing to pay debt amount in longer period or smaller amounts per month. It also helps in lowering interest rates and amounts.

This way new bank or credit union pays debts to the current financing party on behalf of the consumer and make a new monthly payment plan with new terms and a different markup rate on your owed amount new bank paid to old ones.

Pros & Cons of Refinancing Car

The Benefits

Extend your paying cycle: Yes. Life is uncertain. Nothing is permanent or for sure. God forbids, something bad can happen without informing. Such as unexpected illness, road accidents, theft, or stolen debit & credit cards are enough to disturb monetary management for both households and businesses. It would help in increasing repayments.

Example: If you are in agreement for Chase Auto Finance to pay in 36 months. There is the possibility of paying it in 48 or 60 months with another bank agreement.

Using for different options: If consumer financed car’s worth is more than the owed amount. It is possible to refinance and use the extra cash for other needs.

Example: Let say, your car’s worth and market price is 4000$ and you owe 2500$. A refinancing agreement with a different bank would give you 3000-3500$. The extra could be used for buying a new laptop, mobiles, or planning vacations.

Lower Interest Rates

The best part is, you can lower interest rates by good percentages. Auto Loans generally give at 3 to 5% APRs.

New auto loans	4.74%
Used Auto Loans	4.74%
Auto refinancing	2.99%

The Demerits

In most cases, your application may be rejected for a bad credit score. Our guide will help you to get an auto refinancing loan with bad credit. Additionally, you can improve credit rating with basic practices.

Higher Interests

No bank or financial institution would finance without their business benefits. Refinancing can cause you to pay more interest compared to the interest you are paying with the current lender. You’re increasing your payment tenor; the longer payment tenor adds more interest on the same amount.

Example: Currently you are paying 4% interest on 5000$. If you extend your months for payment you are also increasing bank interest.

How to Qualify Auto Refinancing?

The application process is simple and the same with all financing institutions including banks, credit unions, and lenders. The process won’t take more than 30 minutes after having these documents.

1. Income Proof / Source (Payslip, W-2, other documents)
2. Your net worth (Assets that are estimated from your bank statements)
3. Verification from the Employer. (for no.1 )
4. Social security & Driving license.

How Auto Refinancing pre-qualification works?

Car dealers prefer financing by preferred lenders, this is because of their own interests with them. Relax, you have another option of qualifying car financing with the above-mentioned process. Afterward, Owner only needs to bargain the actual car price. Salesman’s focus would be on the monthly lowest payment schedule; in these discussions, you shall forget to discuss price.

With an excellent credit score above 750 in 60 months, payment will be near to 3.20-3.30% per annum. On a good credit score, 700-749 on a 60-month payment would be 3.490% per annum and on fair credit score, 640-699 would be 3.340% per annum.

When to Apply for Refinancing?

A refinanced car can also harm or benefit. You must think, rethink before applying. It only makes better if

1. The Interest rates are lower than before. Paying more is not a good decision. Most banks consider refinanced loans as used car loans where interest percentages are higher than new ones.
2. You should go for it if you are willing to lower your monthly payment amounts.
3. Try it if you are willing to buy a new car.
4. Credit scores play an important role in loan amount calculation. Increased or decreased credit score can make a difference in the amounts you are paying or you shall pay in the future. Dealing with a low credit score may

Taking the Right Decision

Being a lender, you must always evaluate your financial condition, credit score, needs & desires. With an improved credit score, auto refinancing is the best decision because a good credit score means lowering your markup rate.

Also, analyze the new bank’s terms with the old one to check the most favorable option for yourself. You may be stuck by missing TOC reading and understanding. Ask the salesman or call bank numbers to clear misconceptions.

Do not stay with one option. Try different banks & credit unions and make detailed paperwork by highlighting terms in your way or against you.

Banking started with the bank of merchants of the ancient world. They used to give loans to farmers for their fields and trades. Traders used to take long and short-term loans to increase business goods between two cities. Modern banking practices, fractional reserve banking, and the issue of banknotes.

Merchants started to store their gold with the goldsmiths of Landon, who gave them private vaults. For these people give them a fee for those vaults.

Different countries have a different definitions of banks. In English common law who can on the business of banking. It is as follows:

• making current accounts for his customers,
• paying cheque drawn and
• collecting cheques

Types of Banking Products and Services

Credit Card

A credit card is a payment card given to the users. A card like a Goodyear credit card is given by the bank, who grants a line of credit to the cardholder. This card helps them to borrow money for their goods by giving cash in advance. Credit card is made for the people who earn and the balance to be repaid in full each month.

Furthermore, there is another type of credit card, known as a business credit card. These cards are registered on the basis of business companies as they are used only for companies.

Types of Credit Cards

Secured Credit Cards

The secured card this that card that is secured by a deposit account owned by the cardholder. Basically, the cardholder has to deposit 100% and 200% of the total amount of credit. The deposit is in the custody of the credit card issuer.

The deposited amount is used only utilized as an offset when the account is closed. The account might be closed on two reasons like if it is a request of the customer or due to pathetic delinquency.

Balance Transfer Credit Cards

Bad Credit Credit Cards

Saving Account

Everyone wants to secure his/her future in old age. We must be aware of a hard time we could face if we’ll not secure it. It is a good time to step ahead for a better future as the new year approaches.

Furthermore, the Internal Revenue Service has its own rules and regulations for every retirement account. These accounts allow you to save money more because they do not take tax, such as SEP. SEP stands for simplified employee pension.

If the business has employees, they have to meet certain requirements. All employers need to contribute up to 25 percent of their income. If your age is about 55 or more, you can contribute $1,000 more. You are only allowed to withdraw your money from your account to pay medical expenses.

Equality Shares

The most important sources of finance are equality shares. It gives the quality shareholders are to bear all losses or run risks. It is a benefit for a firm to finance Its fixed working capital requirements out of the proceeds of the issue of shares.

Preferences Shares

Preferences shares are appointed to receive a fixed rate of dividend before the dividend is received by the quality shareholders.

Benefits of Preferences Shares

• It does not cause any economic burden on the company
• By the issues of such rates, the rate of equality dividend can be increased
• They have no voting rights

Debentures

Debentured describes as an instrument executed by the company under its indebtedness. There are 11 different types of debentures in any company.

Benefits of Debentures

• BY taking Debentures, it is prudent to raise for long-term finance, because they help to trade on justice.
• Debenture-holders have no voting rights

Loses of Debentures

• The cost of raising capital is very high due to duty id transfer, commission and brokerage, and stamp duty.
• The founding rate of Debentures is higher than that of return on equality capital, it is not justified. The rate on the return of equality share capital will be reduced.

Car Finance

Before leasing care, check your financial condition. It is very important to make sure your budget. If you have enough money to overcome your expenses.

In addition to this, taking the car on lease means you have to give more money on monthly bases by putting aside your needs.

Copy of your Credit Report

You need to get a free copy of your report from agencies every 12 months.

Need to know about Co-signer

If you don’t have a credit history then you have a co-signer on the lease agreement. Co-signer performs equal responsibility for the contract. The accountant history will appear on the credit report. Late payment will cause trouble for you on your credit.

Personal Loans

A personal loan is for individuals use. Bank provides these loans without any security but interest loans are usually high because of the absence of collateral. The repayment depends upon the income you earn on a monthly bases. There is loan approval time when you get it.

Advantages of Personal Loan

1. It is unsecured
2. It is availed easily
3. Available for all-purpose

Personal Loan Disadvantages

1. Require credit history
2. Interest rates are usually high
3. Part payments not allowed

Debit Cards