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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 [...]

19Oct2008 | admin | 0 comments | Continued
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Having a dormant credit card could prove dodgy

There are many consumers in the UK that have one or more credit cards, and in many cases some people decide to put their credit card aside to use in emergencies only. If emergencies don’t arise then the credit card account remains dormant even though the account is still open and running. Whilst some people [...]

15Oct2008 | admin | 0 comments | Continued
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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 [...]

13Oct2008 | admin | 0 comments | Continued
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Why have credit card firms been withdrawing and modifying credit card accounts?

Recent reports have questioned why so many credit card firms have been either withdrawing or modifying the credit card accounts of many of its customers, with many people concerned that the real reason behind the changes is all based around how much profit the credit card provider can make. Many credit card firms have come [...]

9Oct2008 | admin | 0 comments | Continued
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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 [...]

8Oct2008 | admin | 0 comments | Continued
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Avoid black marks on your credit file

These days getting any form of credit has become more and more difficult, and those with black marks on their credit profiles are likely to suffer more than most when it comes to getting any sort of finance. The number of rejections for finance over recent months has surged as a result of tighter credit [...]

6Oct2008 | admin | 0 comments | Continued
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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 [...]

3Oct2008 | admin | 0 comments | Continued
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Credit cards for those with bad credit

As many people know it can be all too easy to fall behind with payments on bills and debts, especially in the current financial climate when household budgets are extremely strained and people are struggling to make ends meet each month. More and more people have been finding themselves in this position over recent months, [...]

28Sep2008 | admin | 0 comments | Continued
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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 [...]

12Sep2008 | admin | 0 comments | Continued
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Many cardholders can become confused due to multiple credit cards

Many 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, [...]

9Sep2008 | admin | 0 comments | Continued
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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 [...]

5Sep2008 | admin | 0 comments | Continued
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Credit card rejections result in increase in false information

Since 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 [...]

4Sep2008 | admin | 0 comments | Continued
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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 [...]

1Sep2008 | admin | 0 comments | Continued
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Credit card firms adjusting credit limits for different age groups

There have been a number of recent reports that have highlighted the various tactics that credit card firms have been using of late to try and maximise their profits whilst reducing their risks, such as cutting the credit limits of some customers, withdrawing credit card facilities altogether, or raising interest rates and fees for no [...]

28Aug2008 | admin | 0 comments | Continued
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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 [...]

27Aug2008 | admin | 0 comments | Continued
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Effects of the credit crunch set to get worse

The global credit crunch is something that most of us are sick of hearing about, most probably because the term sends shivers down the spines of anyone that doesn’t want to see the housing market or the economy go down the pan! The credit crunch has resulted in chaos on the financial markets, and the [...]

27Aug2008 | admin | 0 comments | Continued
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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 [...]

25Aug2008 | admin | 0 comments | Continued
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Which is the best credit card for your needs?

When it comes to credit cards there is a great deal of choice available for consumers these days, and this means that finding the right credit card for your needs should not prove too difficult. However, in order to determine which credit card is the right one for your needs you need to make sure [...]

20Aug2008 | admin | 0 comments | Continued
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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. [...]

17Aug2008 | admin | 0 comments | Continued
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Tips to keep down credit card debt

Credit cards have taken a fair amount of flack over recent years, and have been blamed for making a large contribution to the UK’s huge personal debt mountain. Whilst many people do find themselves struggling with credit card debt, often because they overspend or because they make only minimum repayments and are hit with huge [...]

16Aug2008 | admin | 0 comments | Continued
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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 [...]

15Aug2008 | admin | 0 comments | Continued
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Increase your chances of being accepted for a credit card

As many people may already have realized getting credit isn’t always easy, and many people are turned down for finance such as credit cards every year. Whilst recent years have seen many people enjoy getting easy credit, the last six months or so have been very difficult due to the global credit crunch, which has [...]

14Aug2008 | admin | 0 comments | Continued
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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 [...]

7Aug2008 | admin | 0 comments | Continued
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Life of balance transfer credit cards

Many credit card users have benefited from balance transfer credit cards over recent years, as these credit cards have enabled savvy consumers to save a fortune on interest on their credit cards debts. Most standard credit cards charge very high rates of interest, and those that do not pay their balances off in full each [...]

6Aug2008 | admin | 0 comments | Continued
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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 [...]

5Aug2008 | admin | 0 comments | Continued
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Could more relaxed rules make credit unions more popular?

Over recent months more and more people have taken an interest in local credit unions, and this is partly because of the tighter credit conditions that have come into play since the onset of the global credit crunch, making it difficult or even impossible for many consumers to get finance through a mainstream lender. In [...]

3Aug2008 | admin | 1 comment | Continued
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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
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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
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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
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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
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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 [...]

3Jul2008 | admin | 2 comments | Continued
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Is Britain prepared for the credit crunch?

The global credit crunch made its way to the UK last summer, and since then has been wreaking havoc in the financial markets in the UK. Many industry officials have said that these effects are set to continue over the coming year and beyond, but just how prepared is Britain for the ongoing effects of [...]

2Jul2008 | admin | 0 comments | Continued
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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, [...]

29Jun2008 | admin | 0 comments | Continued
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Why is Barclaycard trying to increase consumers’ financial woes?

Over recent months the situation for many households has become increasingly worse, with increased bills, living costs, and mortgage repayments impacting on finances, with the situation being made even worse by tight credit conditions and increasingly expensive borrowing. The global credit crunch has had a profound impact on the financial industry, making things difficult for [...]

26Jun2008 | admin | 0 comments | Continued
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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 [...]

23Jun2008 | admin | 0 comments | Continued
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Rejected Credit Card Applications - What Now?

Most of us know how it feels to be rejected for credit. There is hardly anyone out there who has not, at some point been rejected, and most of us still are for a good proportion of what we apply to.
It’s nothing to be ashamed of, applying for credit is just one of those things [...]

23Jun2008 | admin | 0 comments | Continued
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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 [...]

23Jun2008 | admin | 0 comments | Continued
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Payment protection insurance on credit cards

Credit cards are one of life’s essentials. From buying groceries to spending a week in the Bahamas, credit cards offer us financial convenience at our fingertips. Our reliance on credit cards means that we can ‘buy now - pay later’, safe in the knowledge that the salary from our jobs can be used to repay [...]

23Jun2008 | admin | 0 comments | Continued
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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 [...]

23Jun2008 | admin | 0 comments | Continued
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Common Credit Card Mistakes

Credit cards can be wonderful things. Used properly they can really help you deal with some of the stresses of frantic modern life. But used carelessly or out of ignorance they can become like the friendly family dog that suddenly turns and snaps back. And it can really hurt.
Here’s a few pointers that may help [...]

23Jun2008 | admin | 0 comments | Continued
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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 [...]

23Jun2008 | admin | 0 comments | Continued
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Be careful with your PIN

Most people know what a pain in the backside it can be to be standing at the cash point machine or in a queue of people in a shop only to realise that our debit or credit card PIN has escaped our minds completely. From time to time many of us have a mental block [...]

20Jun2008 | admin | 0 comments | Continued
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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 [...]

18Jun2008 | admin | 0 comments | Continued
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Getting a credit card for the summer holidays

As any parent will know the seemingly endless six week school break will soon be upon us, and this means that there will be everything from holidays away to entertainment for the kids to think about. Whilst it can be very exciting to be thinking about the summer holidays and spending time with the whole [...]

15Jun2008 | admin | 0 comments | Continued
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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 [...]

9Jun2008 | admin | 1 comment | Continued
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Do Brits have a false sense of security?

Over recent years we have all seen – and some of us have experienced – the problems that can arise from the theft of personal documentation, such as bank statements, credit card and bank account information, passports, driving licences, birth certificates, etc. When a fraudster manages to get hold of such personal documentation the repercussions [...]

5Jun2008 | admin | 1 comment | Continued
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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 [...]

31May2008 | admin | 1 comment | Continued
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Try and get a better deal from your credit card provider

Many consumers may have breathed a sigh of relief at the end of last year when the base rate finally started to come back down after a series of five 0.25% hikes between August 2006 and July 2007. Since December the base rate has fallen by 0.75% with a series of three 0.25% rate cuts. [...]

31May2008 | admin | 0 comments | Continued
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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, [...]

29May2008 | admin | 0 comments | Continued
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Struggling to find the cash for your next big purchase?

There are many people in the UK that decide to make a large purchase but do not have the cash available upfront to pay for the purchase. Whilst most of us would like to be able to have the money to pay for larger purchases upfront most of us do not have this luxury, and [...]

14May2008 | admin | 0 comments | Continued