Over half a billion worth of credit card fraud last year
Archive for September, 2008
Over half a billion worth of credit card fraud last year
By admin | September 16th, 2008 | Credit CardsA recent report has shown that last year credit card fraud amounted to over half a billion pounds in the UK, reflecting concerns that some forms of credit card fraud have been rocketing, partly as a result of the details of UK cardholders being stolen and then counterfeit cards being created and used abroad in [...]
Prepaid credit cards should get more popular
By admin | September 15th, 2008 | Credit CardsOver recent years the popularity of prepaid credit cards has been rising amongst consumers that cannot get a standard debit or credit card, and also those that are looking to ensure that they keep within a budget yet want to enjoy the ease and convenience of card payments. A number of providers now offer prepaid [...]
Extension on 0% offer for Halifax All in One cardholders
By admin | September 14th, 2008 | Balance TransfersRecently the Halifax has announced a bonus interest free offer on its Halifax All in One credit card, which could provide benefits to both existing as well as new customers. The additional bonus month of 0% interest will apply to both purchases and balance transfers, taking the interest free period on the card to eleven [...]
Little point in a rewards based credit card for those that fail to collect
By admin | September 12th, 2008 | FeaturedFor many consumers a rewards based credit card is the ideal way to make something back from credit card companies rather than having to pay them for the privilege of using a credit card. With these cards consumers are able to earn one of a range of rewards based on their spending. Rewards include travel [...]
Many cardholders can become confused due to multiple credit cards
By admin | September 9th, 2008 | FeaturedMany consumers have found that having multiple credit cards causes confusion and ongoing credit problems, according to a recent report. Industry officials have said that having too many credit cards on the go could increase the chances of missed or late repayments and this could in turn lead to spiralling fees and damaged credit. However, [...]
Credit card switching likely to continue
By admin | September 5th, 2008 | FeaturedWith credit card interest rates having soared over the past couple of years, with rate rises and increased fees even having been applied over recent months despite base rate cuts, it is likely that many people may be thinking of switching their credit cards in order to try and get a better deal and reduce [...]
Credit card rejections result in increase in false information
By admin | September 4th, 2008 | FeaturedSince the global credit crunch made its way to the UK all financial industry sectors have been affected, and all have tightened up their lending criteria as a result of this. Like other types of lenders, many credit card firms are increasingly cautious over handing out credit, particularly to those that could be considered a [...]
Some consumers increase credit card spending due to credit crunch
By admin | September 2nd, 2008 | Cash Back & RewardsThe global credit crunch has taken its toll on the UK’s financial markets, and this has had a knock on effect on consumers finances within the UK, with many families struggling to make ends meet, particularly given the tighter lending conditions that have come into play, making it more difficult for many people to get [...]
John Lewis raises credit card rates
By admin | September 1st, 2008 | Credit CardsUK department store John Lewis has increased the interest rate on its Partnership credit card, joining the many others credit card providers that have been hiking up the rates on their cards over the past year. With the global credit crunch and rising bills already hitting consumer’s pockets hard rising credit card and borrowing costs [...]
PPI sales still causing problems
By admin | September 1st, 2008 | FeaturedOver the past couple of years an increasing number of consumers have become aware of the dangers of PPI, which stands for Payment Protection Insurance. In the past taking out an sort of finance, such as a loan, credit card, catalogue credit, or car finance, involved hearing a lengthy lecture from sales staff over how [...]
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