DAY 23 - May Challenge

 

Todays topic is 'Things you've learned that school didn't teach you'.

 

The first thing that I think of is what I did for my job in the UK and I always wonder why they didn't teach you about it...not that I would have listened though but maybe some of it would have sunk in.

I worked for a credit reference agency which is a company who holds information relating to everyone in the country. Things like whether you are registered to vote, if you pay bills on time, how much you have on your credit card, do you have a CCJ...that kind of thing. When you make an application to a company for finance (loan, credit card, mortgage etc), they check the information a credit reference agency holds when making their decision whether you should be accepted or declined. This can also affect what APR you get.

I've generally always been quite good with finances, my parents taught me how to save money from an early age. I did get into a bit of a mess with an overdraft when I was about 18 years old but my dad helped me out. Since then, I've always been pretty good and just about understand APR's now. All my credit cards are 0%.

Making payments on time might seem quite straightforward but it's surprising how many people don't and this can eventually lead to CCJ's and Bankruptcy, which means you can't get the loan or mortgage you need.

I think if they taught in schools the importance of making payments on time and not overcommitting yourself with too many credit/store cards/loans then there would be less bankruptcies and CCJ's.


My artwork today relates to something I am working on for a fellow blogger! Its work in progress at the moment so I won't mention who it is just yet but I've been asked to design a blog header and the theme is 'Paris'. This is just one of  the ideas I've done so far...