Tips to minimise the changes of rejection for credit

In the past getting turned down for credit was a problem for some people but for most getting credit was relatively easy, and people flocked to take out loans, credit cards, mortgages, and other forms of finance. However, the days of easy credit have long gone, and these days lenders are far stricter with regards [...]

Beat the fraudsters by keeping an eye on your credit

Every year fraudsters get away with around £1.7 billion through their fraudulent activities, and around 100,000 people fall victim to identity fraud each year. As most of us have seen over the past year or two there are no guarantees when it comes to the safety of our personal data, and banks, agencies, and even [...]

Should credit card customers ask for a rate cut?

Many credit card customers already know how quickly interest charges on their credit card debt can add up, and for many this means struggling to maintain repayments on their debts, which seem to never clear because of increased interest payments that keep getting added on. Over the past couple of years many credit card firms [...]

OFT wants consumers to be more mindful about comparing credit cards

At aw time when global credit conditions have left many households in the UK suffering severe financial strains it has become increasingly important for consumers to try and keep their monthly outgoings down as much as possible, and this includes the cost of borrowing. However, there are concerns that over recent months many consumers have [...]

Little point in a rewards based credit card for those that fail to collect

For 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 [...]

Credit card switching likely to continue

With 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 [...]

PPI sales still causing problems

Over 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 [...]

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 [...]

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 [...]

Should You Consider A Rewards Credit Card?

You can get all sorts of credit cards on the market these days, with cards to suit most needs and circumstances. It is important when choosing a credit card that you carefully consider your spending and repayment habits, as this will help you to better determine which card is going to best suit your needs. [...]

Getting an instance decision on a credit card application

The process of applying for a credit card – or for any other form of finance for that matter – hasn’t always been a simple one, and there was a time when it seemed to take forever to find and apply for a credit card, and even then you had to endure a further lengthy [...]

Why you should never write down your PIN

For many years banks and industry officials have warned consumers that they should always be careful about their bank and credit card details, and they should always avoid writing down their PIN, particularly if they then keep it close to their credit or debit cards. The reasons for this are pretty obvious – this is [...]

How are credit card firms increasing rates?

There have been numerous reports of late that have shown that the cost of borrowing on a credit card was on the up, and whilst the interest rate is now at the same level as it was in 2006 the cost of borrowing on credit cards, and many other forms of finance, has rocketed during [...]

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 [...]

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 [...]

Is the global credit crunch going to affect your lifestyle?

Over recent months the financial headlines have been filled with doom and gloom about the global credit crunch, which made its way across the England from America last summer. The onset of the global credit crunch brought with it a wide range of problems in the financial markets, and the mortgage sector in particular has [...]

Are price comparison sites likely to get you the best deal?

Over the past couple of years many different price comparison websites have sprung up all over the Internet, claiming to provide speed, ease, and convenience for those looking for the best deals on a wide range of products and services. You can purchase all sorts of products and services through price comparison sites these days, [...]

Are you a Rate Tart?

A dozen in five years
Rate tarts: people who change credit cards at the ‘drop of a hat’ to take advantage of extremely low interest, or interest free, periods on different cards.
To notch up a dozen or so cards in the space of say, five years, is common. A rate tart could be swapping cards [...]

Credit Card Protection - How Covered Are We?

Many credit card and bank account holders are being spoon fed, allsorts of flannel and that’s what it is flannel about all of the protection that they are offering us when it to fraud on our credit cards.
So many now are telling us that they are offering credit card protection for fraud on our purchases [...]

Making Money With Credit Cards

So here’s the thing: if we exclude those people that are disciplined enough to pay off their credit card balances every month and aren’t actually interested in playing the system for all its worth, then we can see the credit card world is divided into two:

those who are up to their eyes in debt
those [...]

Credit Card Minimum Payments – The True Cost OF Living On The “Never Never”

The most unfortunate thing with making a purchase on your credit card is that at some point you are going to be asked to repay the debt incurred. Now, when the statement arrives you’ll have 3 repayment options:
(i) repay the entire balance;
(ii) repay a sum of the balance, but not all; or
(iii) make the minimum [...]

Concerns over plastic card security from campaigners

Most people use plastic cards such as debit and credit card for increased ease and convenience, and these cards have become increasingly popular over the years. However, whilst using plastic does bring with it ease, convenience, and the increased security of not having to carry cash around with you, it also comes with a range [...]

Common Credit Card Fees Examined

As most credit card users already know there are other fees that may be charged to your card’s account based upon different conditions. Some are more expected than others. There are some fees that only appear if you use your card irresponsibly such as when payments are late or you go over your [...]

The Internet proves a useful tool for credit card users

There are many different ways of looking for and applying for credit cards these days, as well as many ways of managing credit card account or simply learning more about the different credit cards available from lenders. There are many different types of credit cards available these days too, so it has become more important [...]

Is the Zero card a good deal?

Like other financial sectors in the UK the credit card market has suffered since the onset of the global credit crunch, which swept across the nation last summer squeezing the life out of the financial industry. Whilst the worst hit area seems to be the mortgage sector, the credit card sector has not escaped unscathed, [...]