Archive for December, 2008

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Reports of increased credit card fraud levels

Recently released figures have shown that there were £300 million worth of credit card fraud related losses in the first half this year, with the first six months of the year seeing credit card fraud levels rise. The figures indicate that in the first half of the year there was a rise of 14 percent [...]

31Dec2008 | admin | 0 comments | Continued
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Ultimatum given to credit card companies

Credit card issuers have recently been given an ultimatum by the government with regards to the charges, fees, and interest rates that they are charging consumers. Government officials have said that credit card firms need to take action and make things fairer for borrowers otherwise they will have to intervene to ensure that this gets [...]

29Dec2008 | admin | 0 comments | Continued
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Some could be wasting money by using debit cards instead of credit cards

In the run up to Christmas many people will be hitting the shops and spending a fortune, despite the global credit crunch, and many of these people will be spending the money on their debit cards. Recent figures have shown that around 40% of consumers tend to also do their day to day shopping using [...]

26Dec2008 | admin | 0 comments | Continued
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Lower monthly repayments could lead to longer credit card debt and more interest

A recent report has highlighted how millions of consumers could face many decades of credit card debts and could be left paying a fortune on their credit card balance due to changes being made to their required minimum repayments.

23Dec2008 | admin | 0 comments | Continued
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The controversy over credit cards heightens

Over recent months there has been increasing controversy in relation to credit card providers in the UK, but over the past couple of months this has really heated up, with many accusing credit card companies of fleecing their customers. One of those making this accusation is no other than the Prime Minister himself, Gordon Brown, [...]

21Dec2008 | admin | 0 comments | Continued
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Many paying mortgage and bills with credit cards

Over the past year, with inflation soaring and the cost of living rocketing, many households have experienced difficulties when it comes to meeting their mortgage repayments, paying their rent, or paying their bills.

20Dec2008 | admin | 0 comments | Continued
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Reduced number of 0% balance transfer deals on market

0% balance transfer credit cards have become increasingly popular over recent years, and many people have saved a small fortune in interest by transferring their existing high interest credit card balances onto an interest free balance transfer credit card. With these 0% balance transfer cards consumers are able to enjoy an extended period of interest [...]

18Dec2008 | admin | 0 comments | Continued
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Rise in card fraud levels seen

According to a recent report consumers in the UK have seen credit card fraud levels rise in the fist six months of this year, with losses of over £300 million seen during this period. Compared to the same period of the previous year this figure reflects a rise of around 14%. According to officials from [...]

17Dec2008 | admin | 0 comments | Continued
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Borrowers will receive help from credit card firms

Credit card firms have spent more than their fair share of time in the financial news headlines for various reasons, and not always for the right reasons. Recently, credit card firms have come under fire as a result of the high rates of interest, charges, and fees that they are applying to customers’ accounts and [...]

16Dec2008 | admin | 0 comments | Continued
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Problems with credit cards for many consumers

According to industry officials many consumers are seeing problems with credit cards, not only in the fact that they cost of borrowing on credit cards has been rising despite the base interest rate falling, but also because the tighter credit conditions in the credit card sector has made it far more difficult for many consumers [...]

15Dec2008 | admin | 0 comments | Continued
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