Credit & Store Cards
Hire Purchase Deals
For the majority of people the largest, single most important purchase they will ever make, is buying a home – and this usually involves obtaining a mortgage. A mortgage is a debt owed to a lender that has agreed to offer the applicant credit, using property as security.
To obtain a mortgage and to show the commitment to repaying the loan, the buyer usually has to provide a set amount of money, known as a deposit.