PPI Claim News - 1/6/2012
'Reduce loan charges' through interest-free deals
People who are concerned about their finances might be able to avoid making bank claims this summer by following advice lifestyle magazine Blackhair made through discussions with the Financial Ombudsman Service (FOS).
The publication noted credit card charges can be minimised if significant purchases are being made, such as barbeque equipment or garden furniture, if consumers take advantage of interest-free credit deals.
These enable individuals to spread the cost of a large purchase over an extended period of time, which can often be the first few years, the organisation stated.
However, people ought to pay off all of the money before interest begins, the company added, warning these loan charges "can be expensive".
In other advice, Blackhair recommended that people going to the beach should consider which items they ought to take.
"If you don't need it, don't take it," the group stated.
Blackhair is a leading magazine for style-conscious black women and the FOS has worked with it many times in the past so the ombudsman can raise awareness of its services among Caribbean and Black African members of the public.
Jennifer's speciality knowledge is credit card changes and balance transfers.
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