Finances need fixing? Do it yourself with our Money Tools

June 18, 2021

Have you ever wondered if you could get a lower mortgage rate, if you could find a current account that will cost you less or if there’s a cheaper way to clear that credit card debt? Do you earn a decent wage but just don’t know where your money goes?

The Competition and Consumer Protection Commission’s Money Tools are free to use, and give you an easy way to compare your options.

So, what are Money Tools and how do they work? Here’s everything you need to know…

What are Money Tools?

The Money Tools comparisons list the features of the financial products most consumers use, such as current accounts, credit cards, mortgages, loans and savings accounts. The Tools help you easily compare the costs and benefits of products from the main financial providers, to help you decide which one is the best fit for you. Our calculators help you to work out what mortgage repayments would be, the impact of paying more off your mortgage, how long it will take to clear your credit card, a spending calculator and a budget planner.

When should I use Money Tools?

There are a lot of financial situations that Money Tools can help you navigate. If it’s your first time taking out a mortgage, loan or credit card, they’ll help you find the best deal out there for your needs.

But it’s also worth bearing in mind that no two current accounts, loans or mortgages are the same, and swapping providers for existing financial products can be a great cost cutting measure. Our Money Tools can show you if you’ll save money by swapping your existing loan or current account to a new provider, or if the best deal available is your current one.

Do you want to know if you could afford a mortgage or work out a plan that helps you keep control of your spending? The Money Tools calculators will help you do that.

How can they help me save money?

Free of charge, you’ll be able to quickly compare the different financial products out there, to ensure you’re getting the best deal possible.

Check out CCPC’s Money Tools for free, independent information.

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