The cost of borrowing
The cost of borrowing
Unit 4
This is Rob
> He has a part-time job. > He receives benefits but some of
them are not being paid yet. > He is a single parent of three
under 16. > Bills keep coming and he
struggles to pay them...
Rob needs cash
> To pay for school trips. > The children need new shoes. > The boys want a video game. > Rob needs new clothes.
Rob needs cash
Rob decides to borrow ?300... Where from? > Doorstep lender > Credit union > Credit card > Bank loan > Payday loans > Catalogue Which of these will be the best for Rob?
Doorstep lender What are they?
A doorstep lender is a company which lends you money and calls at your home to collect the repayments.
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