With your permission, we will search your credit history with a credit reference agency to verify that your credit history is good.Ĭredit history is a record of an individual’s past borrowing and how they managed the repayments.Ī credit limit is the maximum debt balance permitted on your credit card account. When you apply for a credit card, current account, or any other product, a bank may give you a credit check. A statement includes the outstanding balance, purchases, payments, credits, finance charges and other transactions for the month.īack to top Credit check (or Credit Search) What each thousand euro you've borrowed for a loan will cost you.Ī statement is the monthly bill from your credit card issuer that describes and summarises the activity on your account. The Cost of Credit is the difference in Euro between the amount of money borrowed and the amount actually paid back. It is advisable, but not compulsory to have this insurance in place.Ī copy voucher is a copy of the transaction receipt from the retailer showing the transaction details. This is an insurance policy that covers the cost of repair or replacement of your possessions in case of loss, theft or damage. These could be covered in your home insurance plan. The lender can sell the collateral to meet the outstanding debt if the loan is unpaid.Ĭontents are the belongings for which you are legally responsible. Examples could include an existing property or investment. It's used for increased security.Ī claim is a formal request for payment, usually requiring completion of a claim form.Ĭollateral is an asset which is used as security for a loan. It's visible on the card as a gold or silver chip. The microchip embedded in an ATM, Credit or Debit Card. This happens when you tell your card issuer that you did not authorise a particular charge or that goods or services were not delivered to you as promised. The certificate of cover is the document you receive confirming the specific type of level and cover you get under a particular insurance policy.Ī chargeback is a credit card transaction, which has been returned unpaid by your bank. You must have buildings insurance in place when you take a mortgage with permanent tsb.Ī card transaction is the purchase of goods, services, cash advances or other benefits you can get when you use your card.Ī cardholder is the person to whom or for whose use an ATM, Credit or Debit card is issued.Ī cash advance is a cash withdrawal using your credit card from an ATM with a logo that matches your card or from a bank that accepts Visa. The BIC for permanent tsb is IPBSIE2D.īuildings insurance is an insurance policy that pays the costs of repair to or rebuilding of your home in the event of fire, flood, storms etc. It is the code necessary (together with your IBAN) to send and receive automated international payments. This is a unique number that identifies your bank. Therefore if you need to claim against this policy, 50% of the total damage is all that can be claimed.Ī balance transfer is a transfer of a credit card balance which you owe to another financial institution and which another bank has agreed to accept. For example, if the contents of your home are worth €80,000 but you insure them for just €40,000 you are under-insured by 50%. The average clause is a condition which limits what you can claim if you are under-insured within a home insurance policy. Available credit is calculated by subtracting the outstanding balance from your total credit limit. The secondary user will be able to make charges on that credit card.Īvailable credit is the amount of unused credit available on your credit card. Please keep in mind that your house could be repossessed, if you fail to keep up your repayments.Īn authorised or secondary user is nominated by the principal cardholder of a credit card. It takes into account the interest rate charged and any other fees.Īrrears are the payments or payment due when a loan payment is not made by the due date. Our Annual Equivalent Rate calculation assumes that the account is held for a year and that the interest rate remains constant. It means that if you die suddenly in an accident, the insurance company will pay out the sum assured, or a certain percentage of it (up to a specified limit).ĪER (Annual Equivalent Rate) illustrates what the interest would be if interest was paid and compounded each year. IBAN (International Bank Account Number)Īccidental death benefit is a benefit included on some life insurance policies.
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