Credit Made Clearer Competition Could Win You a £30 iTunes voucher!

Capital One have developed a dedicated programme of  financial eduction

I don’t know about you but when I first got given a debit card and an overdraft facility, store cards and my first credit card I honestly just thought hurray – money! I did not understand much at all about using them well or responsibly. I wish I had been educated in this  I wish it had been explained much more clearly. I would have made much smarter choices. 

Capiatal One’s financial eduction programme came about because the recent recession has shown just how important it is tfor people to be financially responsible. Capital One feel it’s their duty to play a big part in de-mystifying important issues like credit and to help people use credit more responsibly and avoid interest charges. They want to reach as many people in the UK as possible with this programme and have already begun a major FE programme, which includes partnerships with local schools and communities. How fantastic. It’s vital to educate our kids to avoid debt.

Credit Made Clearer

The Credit Made Clearer initiative (as part of Capital One’s financial education drive), has just launched with a series of 15 fun, animated online videos that are designed to  help everyone understand various important aspects of their finances. These short animations highlight popular concerns and issues around finance. Because they deliver complex information in a humorous, light-hearted and bite-sized way, they’re accessible to  everyone. I truly think they are brilliant. Very clear, informative and useful not dry, starchy and complicated as finance often is.  

You can view them on the  Credit Made Clearer website  and their YouTube channel   The videos tackle such as issues as shopping safely online, identity fraud, overdrafts and payment problems They are well worth watching and I gurantee they will make you think and they absolutely are jargon free.

 The first video I want to share with you tackles an issue I know loads of parents on a budget have…paying back credit. We all neeed stuff for our kids , often big items asuch as buggies and care seats and cots. Paying for them is one thing, but paying back what we owe is quite another. This video has some good tips:

The key tips this drew out for me were:

  • Make sure that the minimum payment reaches your credit card provider by the due date shown on your statement.
  • If you go over your credit limit make sure you pay more than the minimum payment. Your monthly interest may push you over your credit limit again and you will be charged, so make sure you pay back as much as you can.
  • To help you avoid paying any additional fees, try and pay your credit card provider as soon as you can – you don’t need to wait for your due date to make a payment.
  • Even if you pay by Direct Debit always look at your statement so that you are familiar with any fees as well as checking all your transactions.

Simple but so important!

Competition  (Clue watch the video!)

To win a £30 iTunes voucher simply answer the following…. 

 Q: What four things will your monthly credit card statement show you as well as your purchases?

A1: Interest, charges, balance transfers, foreign currency

A2: Salary, rent, direct debits, standing orders

A3: Height, weight, shoe size, IQ

How to Enter: Simply choose answer A, B or C and send it to . They’ll be picking a lucky winner at random on June 10th.

 I (and Capital One) am really interested in  any feedback you have on this scheme and these videos. Please share your comments so they can keep improving this programme and supporting young people.

Good luck!

This is a sposnsored post.



  1. Anthony Elvy
    May 26, 2011 / 10:57 pm

    Very good. I know that this is all pretty basic stuff, but it’s nice to see it handled in a fun and concise manner like this. Personally I avoid credit, but I understand that it is necessary to most in this day and age.

  2. Ashleigh
    May 27, 2011 / 6:25 am

    I think this is an excellent thing, people need to be more educated about finance and borrowing money otherwise it inevitably leads to problems. I was lucky to work in a bank part time when i was younger so picked up lots of knowledge from that. I definately will teach my kids about it but i think the government should bring it into schools too!

  3. June 9, 2011 / 7:32 am

    Oh anything that helps you understand your finances better is a good thing!

  4. June 9, 2011 / 8:15 am

    I hate credit cards too. I try not to use mine but useful for big purchases. Useful information I think. Its important to budget withe the ‘invisible’ money as well as the ‘tangible’ stuff.

  5. Susan Willshee
    June 9, 2011 / 1:56 pm

    I always think that schools should link lessons more to real life. For example if they included things such as how much you would be paying back at x% interest over 12 months in maths lessons or built an English lesson around understanding the small print on contracts, eg ‘re-write these terms and conditions in a way that teenages would understand’ then school leavers might have more money sense when credit is actually offered.

  6. June 9, 2011 / 7:18 pm

    I’m a big believer in financial education and I really think this campaign is a brilliant idea. I think the more people know about how things work, the easier it is for them to manage their own.

  7. Becky
    June 9, 2011 / 8:02 pm

    Susan these ideas are fab!

  8. Becky
    June 9, 2011 / 8:03 pm

    Good point Naomi!

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