Credit 修理 cards bring high 危険

By Jo Thornhill
Updated:

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Borrowers turned 負かす／撃墜する for 貸付金s and other credit are turning to 'credit 修理' cards, but unless they are careful they could 原因（となる） problems

Darren Thompson

再構築するing: Darren Thompson hopes his credit 修理 card will help him get 接近 to better 貸付金 and credit 申し込む／申し出s

Desperate borrowers who are 軍隊d to turn to 'credit 修理' cards after 存在 拒絶するd by mainstream providers 危険 ending up in a worse 財政上の mess than before.

The cards 供給する small lines of credit, typically a few hundred 続けざまに猛撃するs but いつかs as little as £100.

They are 目的（とする）d at 消費者s who have impaired credit 記録，記録的な／記録するs either as a result of 行方不明の 負債 返済s on other 貸付金s, or because of more serious problems in the past such as 郡 法廷，裁判所 judgments or 破産.

More people are finding themselves in this credit 部類 as a result of the 後退，不況.

Providers say the cards give borrowers the chance to show they can manage credit sensibly. If they do, they are rewarded with lower 利益／興味 率s or a higher credit 限界.

But the providers, which 含む Barclaycard, 資本／首都 One, SAV Credit and Vanquis, have a 評判 for 極端に high 利益／興味 告発（する），告訴（する）／料金s, often between 35% and 40%. The typical 率 on a 基準 credit card is 16% and it is possible to get 6.8%.

It means that some borrowers who 蓄積する 負債 on their credit 修理 card - 限界s are usually £2,500 - may never be able to 支払う／賃金 it off.

Ricky Bruce of 独立した・無所属 財政上の data compiler Moneyfacts says the credit 修理 market is almost impossible to 監視する.

'Many providers don't 供給する us with 利益／興味 率s because they don't want the スポットライト thrown on them,' he says. 'It makes it impossible for 消費者s to 追跡（する） 負かす／撃墜する the best 取引，協定s.'

Beccy Boden Wilks at charity 国家の Debtline advises borrowers to consider other 選択s, such as taking out a basic bank account and asking for a small overdraft or a credit card linked to the account. 'Also, don't forget you can put a 公式文書，認める on your credit とじ込み／提出する to explain your circumst ances,' she says.

'It may be the 事例／患者 that you've had an excellent credit 記録，記録的な／記録する in the past, but 予定 to redundancy you've fallen into difficulties. As a result, the 貸す人 may look more favourably on any 使用／適用.'

の中で those providers that give 'typical' 利益／興味 率 詳細（に述べる）s 資本／首都 One Classic 告発（する），告訴（する）／料金s 34.9% while SAV Credit 告発（する），告訴（する）／料金s 35.9%. But 率s could be higher depending on credit history.

Vanquis, part of doorstep 貸す人 Provident 財政上の, has been criticised by 消費者 groups for its high 率s. Although its typical 率 is 39.9%, some borrowers are 支払う／賃金ing 59.9%.

Spokeswoman Annette Stewart says: 'The 率 反映するs the fact that the card is 目的（とする）d at borrowers who have a bad credit 記録，記録的な／記録する or have no credit history so are difficult to 査定する／（税金などを）課す for 危険.'

Darren Thompson, 39, was 軍隊d into 破産 after a 離婚 in 1998. He was unable to get any form of credit for six years, and even after he was 発射する／解雇するd, Darren could not 得る any credit from mainstream providers at reasonable 率s. But two years ago, Darren received a letter from US-owned 資本／首都 One 促進するing its credit 修理 card.

Darren, who lives with partner Vicky in Nottingham and runs a きれいにする 商売／仕事, was 受託するd for the card. He was given a £200 限界 and an 利益／興味 率 of 17.9%. He has used the card 定期的に and is 希望に満ちた 資本／首都 One will 延長する his credit 限界. 'The card has been useful for 調書をとる／予約するing hotels, 支払う／賃金ing for holiday deposits and 支払う／賃金ing for goods online,' says Darren.

'I always 支払う／賃金 the balance off each month. Slowly, I'm hoping to 改善する my credit 率ing.'

When the crunch comes: 貸付金s at a price

? DOORSTEP LOANS are small, short-称する，呼ぶ／期間／用語 unsecured 貸付金s where 返済s are collected at home. The main player is Provident 財政上の, which is licensed and 規制するd by the Office of Fair 貿易（する）ing. T he cost of borrowing is high. For example, Provident 財政上の's website gives an example of 支払う／賃金ing 支援する £300 at £10.50 for 50 weeks - the 同等（の） to an 年次の 利益／興味 率 of 254.5%.

? MONEY SHOPS and payday 貸付金s 申し込む／申し出 short-称する，呼ぶ／期間／用語 貸付金s. Though 率s are high, these shops are licensed under the 消費者 Credit 行為／法令／行動する so they 申し込む／申し出 borrowers 合法的な 保護. Many also 申し込む／申し出 pawnbroking services.

? HIRE PURCHASE can be a good 予算ing 道具 if you need to buy something 明確な／細部 as it enables you to spread the cost over a 始める，決める 称する，呼ぶ／期間／用語. The 量 borrowed through 雇う 購入（する） 協定s 急に上がるd to £231m in March, up by 24% compared with a year ago. 利益／興味 率s are higher than 伝統的な personal 貸付金s.

? BASIC BANK ACCOUNTS いつかs 許す 顧客s a small line of credit, such as £50 or £100, either through an overdraft or credit card.

? CREDIT UNIONS 許す members to borrow, but usually they have to save for a period first. Small 貸付金s can be taken out over different 条件, for example up to five years. By 法律, credit unions cannot 告発（する），告訴（する）／料金 more than two% 利益／興味 per month. To find a credit union, visit the 協会 of British Credit Unions' website at abcul.org.

? SOCIAL FUNDS, typically run by 公共事業（料金）／有用性 companies, that 供給する 基金s to 顧客s experiencing 厳しい 財政上の hardship.

? For 解放する／自由な 独立した・無所属 負債 advice, 接触する nationaldebtline.co.uk or 0808 808 4000.

取引，協定ing with 負債

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Worried man in debt

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