Reports of increased credit card fraud levels
Archive for December, 2008
Reports of increased credit card fraud levels
By admin | December 31st, 2008 | Credit CardsRecently 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 [...]
Ultimatum given to credit card companies
By admin | December 29th, 2008 | Credit CardsCredit 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 [...]
Some could be wasting money by using debit cards instead of credit cards
By admin | December 26th, 2008 | Cash Back & Rewards, Credit CardsIn 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 [...]
Lower monthly repayments could lead to longer credit card debt and more interest
By admin | December 23rd, 2008 | Credit CardsA 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.
The controversy over credit cards heightens
By admin | December 21st, 2008 | FeaturedOver 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, [...]
Many paying mortgage and bills with credit cards
By admin | December 20th, 2008 | Credit CardsOver 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.
Reduced number of 0% balance transfer deals on market
By admin | December 18th, 2008 | Balance Transfers0% 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 [...]
Rise in card fraud levels seen
By admin | December 17th, 2008 | Credit CardsAccording 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 [...]
Borrowers will receive help from credit card firms
By admin | December 16th, 2008 | Credit CardsCredit 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 [...]
Problems with credit cards for many consumers
By admin | December 15th, 2008 | Credit CardsAccording 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 [...]
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