Ep 367 - Preparing for fixed-rate mortgage deal ending, BNPL to appear on credit reports & energy cut-off rules

Damien Fahy of moneytothemasses.com talks to Andy Leeks about money.

On this week's podcast, Damien talks about the latest interest rate rise by the Bank of England. He reveals how much the interest rate rise will add to the monthly repayments and what action even those on fixed-rate deals need to be taking now.

 

Laura then joins the show to talk about 'Buy Now Pay Later' provider Klarna, explaining the likely impact of its decision to start reporting customer transactions to credit reference agencies Transunion and Experian.

 

Finally, Andy explains the help that is available if you are struggling to pay your energy bills including whether a supplier can disconnect your supply if you can't pay.

 

Check out this week's podcast article on the MTTM website to see the full list of resources from this week's show.

• Interest rate rise calculator
• Bank of England raise interest rates to 1%: How will it affect you?
• Bank of England yield curves
• Klarna payments to be included on credit reports
• What is a good credit score – and how to improve yours
• LOQBOX review
• Getting help if you can't afford your energy bills