Credit and loans jargon buster

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Borrowing money can be a confusing jumble of jargon and terms. It can often feel that everyone else knows what this all means, except for us. But that's not the case. This article will tell you everything you wanted to know about how loans and credit work, what an APR is, and why you should care about your credit score.

Credit and Loans

What's the difference between credit and loans?

Credit is the ability to borrow money - ie. someone has said that you can borrow up to a certain limit.

In contrast, having debt or having a loan is...

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