General
How much could you save at discount supermarkets?
Over recent months there has been a change in the trend of shoppers in the UK. Many households have been faced with a surge in the cost of bills, borrowing costs, and other living costs. One of the living costs that has gone up hugely over the past year is the price of food, and [...]
17Oct2008 | admin | 0 comments | Continued
Kids are also suffering as a result of the global credit crunch
Since the onset of the global credit crunch in the UK last summer many households and individuals have suffered in a number of ways. Credit conditions have become very tight, borrowing has become more expensive, and the economy has been heading downhill fast. On top of this households have had to cope with rocketing inflation [...]
28Aug2008 | admin | 0 comments | Continued
Victims of lost data could get free credit checks
According to a recent report the 25 million victims of the data that was lost by HM Revenue and Customs could be entitled to free credit checks from the country’s major credit reference agencies. Although the government has been in talks with credit reference agencies over the provision of free credit reports for those affected [...]
10Aug2008 | admin | 0 comments | Continued
Credit squeeze could get worse
A recent report has shown that the global credit squeeze that has had a hold on the UK since last summer could still get worse, which could spell increased misery for households. Lenders have said that both consumers and businesses could suffer, and that they are bracing themselves for an increase in the level of [...]
9Aug2008 | admin | 0 comments | Continued
Many Brits do not worry about credit crunch
A recent report has suggested that many Brits may not be all that worried about the ongoing global credit crunch, with many stating that the credit crunch is unlikely to affect them or their lifestyles. A survey was carried out by insurance company Zurich, and showed that around 36% of Brits were not concerned as [...]
5Aug2008 | admin | 1 comment | Continued
Report shows families under financial strain
A recent study that was conducted by the Centre for Policy Studies has shown that many families in the UK are still under considerable financial strain. Taxes, bills, and living costs have risen far more quickly than wages, and this has made it difficult for consumers to stretch their monthly income as far as it [...]
30Jul2008 | 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
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
Report issued on identity theft statistics
A recent report has been issues detailing statistics relating to the risks of identity theft. This comes at a time when many consumers are in fear over the safety of their personal data, with data loss blunders from banks and government agencies fuelling concerns over the risks of identity theft. The data comes from the [...]
27Jun2008 | admin | 0 comments | Continued
Cheque use in UK continues to decline
Recent reports have shown how the use of cheques in the UK is continuing to decline, further fuelled by a number of leading retailers now placing a ban on the use of cheques, branding them time consuming and costly to process given the reduced popularity of cheques as a method of payment. Paying by cheque [...]
24Jun2008 | admin | 0 comments | Continued
Useful Tips on Avoiding ID Theft
It has been said many times before but the saying is particularly true in this case the saying is most definitely true. Prevention IS better that cure.
We will try to explain the cause and effect of the heinous crime and hopefully give you some tips on how to avoid being caught in the identity theft [...]
Increase in debit card popularity
A recent report has shown that there was an increase in the use of debit cards at UK retailers last year. Over the course of last year the level of spending on debit cards at retailers across the nation is said to have spiked by around 11%. Whilst consumers tend to enjoy the convenience and [...]
23Jun2008 | admin | 0 comments | Continued
Consumers warned not to fall victim to scam letters
Consumers are being warned to be vigilant with regards to their junk mail, and not to fall victim to elaborate scam mail, after a case involving an elderly woman highlighted how falling for this sort of scam can lead to incredible levels of debt. The woman reportedly got into thousands of pounds worth of debt [...]
22Jun2008 | admin | 0 comments | Continued
Barclays accused of trying to get consumers to get deeper into debt
Barclays Bank has been at the centre of fresh controversy recently after being accused of encouraging consumers to get even further into credit card debt. Credit card debt levels in the UK are already through the roof, and experts feel that the introduction of a new card from Barclays, which is due to be put [...]
17Jun2008 | admin | 0 comments | Continued
Fraud against deceased can be avoided through new scheme
A new scheme has been introduced that is aimed at reducing the risk of fraud against people that have passed away. Fraudsters often target those that have recently died, reading up on obituaries, finding out as much as possible about the person, and then posing as them either on the phone or by letter in [...]
15Jun2008 | admin | 1 comment | Continued
MP expressed concerns over credit card withdrawals
Following the controversial decision by Internet lending giant Egg to withdraw the credit cards of over 160,000 customers an MP has expressed concern than banks are simply taking credit cards from those that do not earn them enough money in profits and handing them out to those that have to pay a high amount of [...]
14Jun2008 | admin | 1 comment | Continued
Londoners finding tap and go technology convenient
Following their launch in the autumn of 2007, tap and go cards are apparently proving very popular in London amongst both consumers and retailers. The general opinion seems to be that these cards save time, increase ease and convenience, and provide security, as no cash has to be carried around. The cards enable consumers to [...]
12Jun2008 | admin | 0 comments | Continued
Struggling borrowers need to ask banks for help
Officials from the British Bankers’ Association have stated that it is vital for consumers in the UK to contact their banks if they are struggling to keep up with repayments on their financial commitments. Although many consumers have been locked in a battle with their banks over the past year or two over everything from [...]
11Jun2008 | admin | 1 comment | Continued
TV presenter falls victim to fraud
A television presenter has fallen victim to fraud after printing his bank account details in a widely read tabloid to prove that people that were scared of becoming victims of fraud were making a fuss about nothing. Presenter of the popular show Top Gear, Jeremy Clarkson, was referring to the concerns that arose following last [...]
10Jun2008 | admin | 1 comment | Continued
Decrease in capped balance transfer cards
Balance transfer cards have enjoyed enormous popularity over recent years, and this is because they enable consumers to save a fortune in interest by transferring their balances from high interest credit cards onto the balance transfer card, which offers a period of interest free or low interest credit on the transferred balance depending on which [...]
6Jun2008 | admin | 2 comments | Continued
Egg continues to cause upset
Over recent weeks many Egg customers have been upset and outraged after Egg officials decided to close the credit card accounts of around 161,000 customers, claiming that the credit profiles of the customers affected had deteriorated since the originally opened their credit card accounts. This was angrily disputed by many of the customers who had [...]
4Jun2008 | admin | 0 comments | Continued
OFT to launch website to compare credit cards
The office of Fair Trading has announced that it will be launching a website that will enable consumers to compare different credit cards in order to find the card that offer them best value for money based on their needs and circumstances. Like other price comparison sites, consumers will be able to access the website, [...]
3Jun2008 | admin | 0 comments | Continued
Egg apologises but still withdraws cards
Egg recently shocked many of its cardholders after announcing that it was withdrawing credit card facilities from over 160,000 customers. Following the announcement Egg apologised for any problems caused, but customers on the hit list will still find that their credit cards will no longer work once the specified 35 day period is over. Egg [...]
2Jun2008 | admin | 0 comments | Continued
Campaign to get firms to help employees manage their finances
Over recent years many consumers in the UK have found it increasingly difficult to manage their finances, and high levels of consumers debt, rising interest rates, and problems in the financial markets have all contributed to these difficulties. Money issues are one of the major causes of stress amongst consumers in the UK, and as [...]
26May2008 | admin | 0 comments | Continued
Credit card companies getting tougher
Credit card companies across the UK are continuing to get tough in a bid to try and minimise on the risk of increasing bad debt levels. Over the past couple of months a number of credit card providers have increased a range of fees, charges, and rates in order to compensation for lost revenue, bad [...]
16Apr2008 | admin | 0 comments | Continued
Christmas credit card spending set to fall
According to a recent report spending on credit cards over the Christmas period is set to fall, and this could see retailers take a real hit in terms of profit, as consumers try and rein in on their spending on credit cards over the festive season. The results of a recent survey indicate that around [...]
11Apr2008 | admin | 0 comments | Continued
Many mortgage payments being made by credit card
Over the past year more and more homeowners have found it increasingly difficult to meet their mortgage repayments, and this is partly the result of increasing interest rates. The base rate has gone up five times since August 2006, each time by 0.25%, and this has taken the base rate from 4.5% to 5.75%. many [...]
3Apr2008 | admin | 0 comments | Continued
Brits become more dependant on credit cards
A recent report has shown how many Brits have become increasingly dependant upon their credit cards, particularly given their strained financial situations and the difficulties that many are experiencing when it comes to getting other forms of credit. This increasing dependence on credit cards is likely to lead to spiralling debt levels, and there are [...]
1Apr2008 | admin | 0 comments | Continued
Spending appears healthy despite credit crunch
According to a recent report many consumers in the UK are continuing to spend at healthy levels despite the financial hardship and problems that rising living costs and the credit crunch have brought. The month of February enjoyed a surprise boost in the level of retail sales, largely fuelled by healthy spending on food according [...]
31Mar2008 | admin | 0 comments | Continued
Credit card companies hike up various rates
A recent report has shown that many credit card companies have hiked up a variety of different rates and fees in order to try and make more money from consumers. Over the past month credit card companies have introduced over thirty different fee and rate hikes, which could end up costing consumers millions of pounds [...]
15Mar2008 | admin | 0 comments | Continued
MasterCard Paypass launches in London
A number of areas in London have seen the launch of the MasterCard Paypass system, which is a contactless card system that enables consumers to make smaller purchases by card without having to sign anything or enter a PIN number. These cards can be used for purchases of £10 or less, and are set to [...]
11Mar2008 | admin | 0 comments | Continued
Your gifts could cost twice as much with a store card
With many shoppers across the UK clamouring to get last minute gifts for Christmas, and often trying to work out how to finance their purchases, experts are urging consumers to watch out for the perils of store cards and to think carefully before being talked into signing up for one. Retailers push store cards particularly [...]
8Mar2008 | admin | 0 comments | Continued
Consumers need to watch their credit card spending
Over the past year many consumers across the UK have seen their credit card debts spiral out of control, leaving them to deal with high repayments and extortionate interest charges at a time when finances may already be tight due to rising interest rates, mortgage repayments, food, energy, and petrol costs. Credit cards have been [...]
5Mar2008 | admin | 0 comments | Continued
Save money on your fuel by using your credit card
Consumers that spend a lot of time on the road – and a lot of money on fuel for their vehicles – could now benefit from a new rewards based credit card that will enable them to save money on the cost of their fuel by simply spending on their credit card in the normal [...]
2Mar2008 | admin | 0 comments | Continued
Consumers may not get compensated following debit card theft
A recent report has shown many banks in the UK are refusing to compensate customers who have had their debit cards stolen and money taken from their accounts. Although Chip and Pin, which has been in use in the UK for some years, is supposed to reduce the risk of fraud it is not fraud [...]
26Feb2008 | admin | 0 comments | Continued
Debt laden consumers crying out for help
Recent figures have suggested that the recent spate of interest rate rises may really have started to take their toll, as an increasing number of consumers in the UK turn to debt counselling services and charities for help and advice with their finances. Experts have been stating for some time that the financial knock on [...]
24Feb2008 | admin | 0 comments | Continued
New curriculum will help kids to understand financial management
As part of a new curriculum children in schools across the UK will be learning about effective financial management and learning how to stay out of debt. Although the adults of today cannot imagine learning this type of topic at school, the levels of consumer debt throughout the UK have been cause for great concern [...]
20Feb2008 | admin | 0 comments | Continued
Egg closes credit card accounts of customers
The online lender Egg has recently caused outrage amongst many of its customers, after withdrawing the credit card facilities of over 160,000 cardholders. The lending giant made the shock announcement recently, yet it is still continuing to advertise its credit card. Many of the customers that have been affected by the card withdrawal have expressed [...]
17Feb2008 | admin | 0 comments | Continued
Watching out for the catches with 0% balance transfer cards
Following the expensive Christmas and New Year periods many consumers have been looking to transfer their balances from their high interest credit cards onto 0% balance transfer cards, but experts are urging these consumers to watch out for the catches that comes with many 0% balance transfer cards so that they don’t end up paying [...]
15Feb2008 | admin | 0 comments | Continued
Reduced minimum repayment levels could mean years of debt
Recent reports have suggested that a number of credit card companies are looking to reduce their minimum repayment levels, which are already at an average of 2.65% of the balance. Some credit card companies charge only 2% of the outstanding balance. However, campaigners are now up in arms about this issue, stating that this is [...]
12Feb2008 | admin | 0 comments | Continued
Level of plastic card fraud rises
According to recent figures the level of plastic card fraud in the UK has rocketed in the first half of this year. The figures indicate that plastic card fraud against UK consumers has gone up by a whopping 26% in the first half of the year, and much of this rise has been contributed to [...]
10Feb2008 | admin | 0 comments | Continued
Think carefully before taking out a 0% balance transfer credit card
Over recent years 0% balance transfer credit cards have become a valuable tool for consumers that want to try and pay off their credit card balances without being charged further interest. Credit cards are known for the high rates of interest charges on outstanding balances, and many of those with one large credit card balance [...]
8Feb2008 | admin | 0 comments | Continued
Brits paying smaller amounts off on their credit cards
A recent report has shown that many consumers in the UK are relying on their credit cards more and more, yet are continuing to spread repayments on the balance rather than trying to repay the balance in full each month. The series of recent interest rate rises has meant that many households have had to [...]
5Feb2008 | admin | 0 comments | Continued
Many Brits try to ignore their debt problems
According to recent research and statistics, many consumers in the UK are simply burying their heads in the sand when it comes to dealing with debt levels, and an alarming number of those with unsecured debts actually have no idea how much they owe. The research suggests that consumers in Britain could collectively owe around [...]
30Jan2008 | admin | 0 comments | Continued
Debt management agency want to see age limit raised for credit cards
A debt management agency in the UK is calling for the age limit on credit cards to be raised from eighteen to twenty-one, stating that issuing credit cards to those in their late teens is promoting a culture of debt from an early age. The agency claims that making consumers wait until they are twenty-one [...]
29Jan2008 | admin | 0 comments | Continued
Impressive cash back deal from Abbey
The Abbey bank has set a challenge to the other leading banks in the UK by offering a credit card that enables consumers to earn 5% cash back as opposed to the 0.5% or 1% that is generally offered on most cash back credit cards. With the new deal both existing and new Abbey credit [...]
27Jan2008 | admin | 0 comments | Continued
GE toys with dropping out of store card market
GE Money recently announced that it is reviewing the situation with regards to its role in the UK’s store card market, with a view to pulling out of the market if it is deemed unviable to continue. At present GE Money has over a 50% share in the store card market, and is responsible for [...]
22Jan2008 | admin | 0 comments | Continued
Credit unions could benefit from more stringent lending criteria from lenders
The credit crunch that swept across the UK last year has had a number of damaging effects, and one of those is that lenders across the UK and covering a range of sectors from credit cards to loans and mortgages have really tightened up on their lending criteria, making it more difficult for many consumers [...]
21Jan2008 | admin | 0 comments | Continued
Late Payment Charges On Credit Cards
Credit card companies make a HUGE income from people who do not pay their demands on time. These can range from £10 up to £30 then you still must add the interest payments to that for the next month!!!!
If you feel that the credit card company has been a little over zealous in charging you [...]
Foreign Usage Fees On Credit Cards
Are you going on holiday soon and can’t wait to sample that sun on your back and wading into the hot waters that the Med and like offers you? Instead I will just send you off with a little piece of advice that could make your holiday all the more memorable.
The first thing is if [...]
GE Money is also abusing its US customers regularly.
They do not follow federal laws and flat out refuse ...
Hi
It really is frightening the impact of having such a low minimum repayment. Only a few years ago (it ...
It's not just about using the same PIN for all your cards. People should also refrain from using their birth ...
MAKEING A COMPLAINT TO GE MONEY OR GE CREDIT CARD SERVICES?
BEWARE THE UNDER £100 SCAM!
WAS IT CARD FRAUD, ...
It sounds like paying payday loan fees may become cheaper than cash advance fees from credit card companies. YIKES!!! 
It is also wise to take care when withdrawing money from the ATM, had a friend that recently had his ...