Conditions that must be met for you to be accepted for a financial service product.
Annual Equivalent Rate (AER)
Interest earned on a current or savings account if your interest is compounded and paid annually.
The yearly fee charged on some credit cards
Annual income is the total you earn in a calendar (or financial) year.
Annual Percentage Rate (APR)
The interest you'll pay on credit expressed as a percentage of the money borrowed.
Automated Teller Machines are the machines used to withdraw cash from a 'hole-in-the-wall'.
A credit rating is a score assigned to you by a credit reference agency, which numerically expresses your creditworthiness.
Balance transfer fee
The amount a credit card issuer will charge you to transfer an existing balance to them.
Bank of England
The central bank of the United Kingdom.
Borrowed money you must repay, alongside any interest it has accrued.
A type of savings account which offers savers quick access to their money.
The state an individual with 'problem debt' Is considered to be in.
The position homeowners find themselves in if their mortgage is higher than the value of their property.
An email used to obtain money or account details from victims illicitly.