Archive for August, 2008

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Credit card firms adjusting credit limits for different age groups

There have been a number of recent reports that have highlighted the various tactics that credit card firms have been using of late to try and maximise their profits whilst reducing their risks, such as cutting the credit limits of some customers, withdrawing credit card facilities altogether, or raising interest rates and fees for no [...]

28Aug2008 | admin | 0 comments | Continued
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Kids are also suffering as a result of the global credit crunch

Since the onset of the global credit crunch in the UK last summer many households and individuals have suffered in a number of ways. Credit conditions have become very tight, borrowing has become more expensive, and the economy has been heading downhill fast. On top of this households have had to cope with rocketing inflation [...]

28Aug2008 | admin | 0 comments | Continued
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Don’t be slack about credit card security

As most of us have heard the level of plastic card crime has been soaring over recent years, and those of us lucky enough to have avoided becoming victims of this type of crime have most likely been unable to avoid hearing about it. Credit and debit card fraudsters have started to use increasingly sophisticated [...]

27Aug2008 | admin | 0 comments | Continued
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Effects of the credit crunch set to get worse

The global credit crunch is something that most of us are sick of hearing about, most probably because the term sends shivers down the spines of anyone that doesn’t want to see the housing market or the economy go down the pan! The credit crunch has resulted in chaos on the financial markets, and the [...]

27Aug2008 | admin | 0 comments | Continued
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Many relying on credit cards to pay for basic breakdowns

As anyone with gadgets an appliances in their home will know there are often times when products such as these break down or stop working properly and need to be repaired and often this comes at a time when you really don’t have the cash to fund repairs on items. Things are even more difficult [...]

26Aug2008 | admin | 0 comments | Continued
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More ways to cut back on your spending

Many households in the UK have been really suffering with their finances over recent months. Increased bills, petrol prices, and food costs, as well as other increased living costs, have made it harder and harder for many cash strapped households to cope with their financial commitments, and many have had to look at ways to [...]

25Aug2008 | admin | 0 comments | Continued
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Credit card borrowing much higher than in 2006

Over the past few years the interest rate has been fluctuating a lot, with five interest rate hikes of 0.25% each between August 2006 and July 2007, and then three interest rate cuts of 0.25% each between December 2007 and April of this year. However, in a recent report industry officials pointed out that the [...]

25Aug2008 | admin | 0 comments | Continued
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Are credit cards being handed out without proper checks?

There are concerns amongst industry officials that whilst the global credit crunch has resulted in a cutback in lending and far tighter credit conditions many credit cards are still being handed out to borrowers without the necessary checks being carried out in terms of the income and financial status of the applicant and the applicant’s [...]

24Aug2008 | admin | 0 comments | Continued
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Cut the cost of fuel with the right credit card

Filling up the car can cost a fortune at the best of times, but over recent weeks many consumers have found that the cost of filling up has become crippling, as petrol prices have soared to record levels. Many households are already trying to deal with strained budgets due to rising living costs and bills, [...]

20Aug2008 | admin | 0 comments | Continued
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Which is the best credit card for your needs?

When it comes to credit cards there is a great deal of choice available for consumers these days, and this means that finding the right credit card for your needs should not prove too difficult. However, in order to determine which credit card is the right one for your needs you need to make sure [...]

20Aug2008 | admin | 0 comments | Continued
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