Archive for admin
No joy from Griffiths’ meeting with Egg
Following Egg’s announcement that 161,000 credit cards were to be withdrawn from customers there has been outrage amongst consumers and some industry professional in the UK. Egg, owner by Citibank, reviewed over 2 million credit card accounts, and contacted 161,000 customers to state that their credit card facility was being withdrawn because they posed a [...]
21Jul2008 | admin | 0 comments | Continued
Competition Commission to crackdown on PPI
Payment Protection Insurance, otherwise simply known as PPI, has been at the centre of controversy for some time now. Over recent years there has been much evidence of this type of insurance being mis-sold, and the past couple of years has seen the Financial Services Authority really cracking down on the lenders and providers that [...]
18Jul2008 | admin | 0 comments | Continued
Banks hassling struggling consumers
Struggling consumers in debt in the UK are being targeted and hassled by some High Street banks, in a bid to try and get the consumer to ‘deal’ with their debt issues by taking out a more expensive loan. In many cases the banks are leaving the consumer in an even worse situation, with more [...]
16Jul2008 | admin | 0 comments | Continued
Is Britain the most expensive place to live in the Western world?
Is Britain now the most expensive place to live in the Western world? This is what many people may well have been asking themselves over recent months, with house prices that are out of this world after a ten year boom, rapidly rising bills, increased petrol and food costs, below inflation pay rises, and blundering [...]
16Jul2008 | admin | 2 comments | Continued
Make sure you try and repay your credit card balance in full
Most consumers these days have some idea of the importance of repaying their credit card balance in full, but based on a recent report it seems that many people may not be aware of the full extent of the cost of failing to repay the balance in full. Credit card companies are well known for [...]
15Jul2008 | admin | 1 comment | Continued
More people spend more money on their credit cards on Saturdays
A recent report has highlighted how many people spend far more money on their credit cards on Saturdays compared to any other day of the week. In fact, the research indicated that over our lifetimes the average cardholder will spend in excess of half a million on a credit card just on Saturdays, reflecting the [...]
14Jul2008 | admin | 4 comments | Continued
Credit card costs still spiralling says expert
Interest rates in the UK have been cut three times since December of last year, with the base rate falling to 5% from 5.75%. Since April the base rate has been held at 5%. However, whilst the base rate is now the same as it was in 2006 following the recent cuts, industry officials are [...]
12Jul2008 | admin | 1 comment | Continued
Consumers not careful enough over plastic card security
With plastic card fraud on the increase, and fraudster finding increasingly sophisticated methods through which to rip people off, it has become increasingly important for cardholders to exercise caution and take steps to protect themselves against card fraud. However, officials from one consumer campaign group have stated that they are concerned over the slack attitudes [...]
8Jul2008 | admin | 2 comments | Continued
Rise in insolvency levels fuelled by various factors
Despite a small drop in the level of insolvencies in the latter part of last year, many industry experts have predicted that insolvency levels over this coming year will rocket, branding last year’s drop as simply ‘the calm before the storm’. Many had predicted that there would be a mass influx of people becoming insolvent [...]
7Jul2008 | admin | 1 comment | Continued
Many people paying mortgage with their credit card
A credit card is something that most people in the past have used because it offers convenience, ease, security, and a fallback in case of financial emergencies. Many people use a credit card because they can earn rewards by spending on it, and others simply like the convenience and security of not having to carry [...]
6Jul2008 | admin | 0 comments | Continued
It is also wise to take care when withdrawing money from the ATM, had a friend that recently had his ...