You are here: Home - Credit Cards & Loans -

Moneyfacts issues graduate advice

0
Written by:
22/07/2008

Searching for the best current account provider may be the last thing on many graduates’ minds when leaving university, but shopping around could save money according to Moneyfacts.

Michelle Slade, analyst at Moneyfacts, said: “There are only six UK providers of graduate finance, so choice is limited to the major players.

“Graduates will often remain loyal to their student account provider. However, as long as you have proof of qualification and have managed your account within your agreed overdraft limit, there is no reason why you shouldn’t switch to a better deal.

“Debt is likely to be spread between the Student Loans Company, bank overdraft, credit card and parents.”

Moneyfacts’ top tips include devising a monthly budget, working out a debt repayment plan and checking how much you can borrow interest free on a graduate overdraft. It also advises against rushing to pay off student loans as these are usually at a low rate of interest.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Co-op urges motor industry to go green

The Co-operative Insurance is urging the motor insurance industry to do its bit to reduce CO2 emissions by stopping the...

Close