What’s going on with the Egg card?
Archive for February, 2008
What’s going on with the Egg card?
By admin | February 28th, 2008 | FeaturedBanking giant Egg recently shocked tens of thousands of its own customers by announcing out of the blue that it would be cancelling their credit cards in just over one month’s time. With many consumers reliant on their credit cards, and with the credit crunch making it increasingly difficult for consumers to get credit with [...]
Consumers may not get compensated following debit card theft
By admin | February 26th, 2008 | GeneralA recent report has shown many banks in the UK are refusing to compensate customers who have had their debit cards stolen and money taken from their accounts. Although Chip and Pin, which has been in use in the UK for some years, is supposed to reduce the risk of fraud it is not fraud [...]
Debt laden consumers crying out for help
By admin | February 24th, 2008 | GeneralRecent figures have suggested that the recent spate of interest rate rises may really have started to take their toll, as an increasing number of consumers in the UK turn to debt counselling services and charities for help and advice with their finances. Experts have been stating for some time that the financial knock on [...]
New curriculum will help kids to understand financial management
By admin | February 20th, 2008 | GeneralAs part of a new curriculum children in schools across the UK will be learning about effective financial management and learning how to stay out of debt. Although the adults of today cannot imagine learning this type of topic at school, the levels of consumer debt throughout the UK have been cause for great concern [...]
Egg closes credit card accounts of customers
By admin | February 17th, 2008 | Credit Cards, GeneralThe online lender Egg has recently caused outrage amongst many of its customers, after withdrawing the credit card facilities of over 160,000 cardholders. The lending giant made the shock announcement recently, yet it is still continuing to advertise its credit card. Many of the customers that have been affected by the card withdrawal have expressed [...]
Watching out for the catches with 0% balance transfer cards
By admin | February 15th, 2008 | Balance Transfers, Credit Cards, GeneralFollowing the expensive Christmas and New Year periods many consumers have been looking to transfer their balances from their high interest credit cards onto 0% balance transfer cards, but experts are urging these consumers to watch out for the catches that comes with many 0% balance transfer cards so that they don’t end up paying [...]
Reduced minimum repayment levels could mean years of debt
By admin | February 12th, 2008 | GeneralRecent reports have suggested that a number of credit card companies are looking to reduce their minimum repayment levels, which are already at an average of 2.65% of the balance. Some credit card companies charge only 2% of the outstanding balance. However, campaigners are now up in arms about this issue, stating that this is [...]
Level of plastic card fraud rises
By admin | February 10th, 2008 | GeneralAccording to recent figures the level of plastic card fraud in the UK has rocketed in the first half of this year. The figures indicate that plastic card fraud against UK consumers has gone up by a whopping 26% in the first half of the year, and much of this rise has been contributed to [...]
Think carefully before taking out a 0% balance transfer credit card
By admin | February 8th, 2008 | Balance Transfers, GeneralOver recent years 0% balance transfer credit cards have become a valuable tool for consumers that want to try and pay off their credit card balances without being charged further interest. Credit cards are known for the high rates of interest charges on outstanding balances, and many of those with one large credit card balance [...]
Brits paying smaller amounts off on their credit cards
By admin | February 5th, 2008 | Credit Cards, GeneralA recent report has shown that many consumers in the UK are relying on their credit cards more and more, yet are continuing to spread repayments on the balance rather than trying to repay the balance in full each month. The series of recent interest rate rises has meant that many households have had to [...]
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