According to a recent report many credit card providers are continuing to find ways to fleece their customers financially, despite pledging to act more fairly following calls from government officials and campaigners.
According to recently released industry figures an increasing number of people are putting their overdraft debt onto their credit cards to try and weather the difficult financial climate.
According to industry experts the cost of withdrawing cash on a credit card is increasing, just at the time when most cardholders are desperate to try and cut back on costs whilst becoming increasingly reliant on their credit cards because of the ongoing financial crisis.
Internet banking giant Egg has once again found itself at the centre of controversy over its credit card division, after it was revealed that the lender has hiked its cash withdrawal fees on credit cards by a whopping 66 percent recently.
Over the past couple of years financial regulators and watchdogs in the UK have received high levels of complaints from consumers relating to credit cards, and over recent months concerns about how fairly credit card companies are treating consumers have been brought into the limelight.
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 [...]
One of the most unsavory entries you can see on your month-end credit card statement is a credit card penalty fee. Why? Because, along with being charged a high rate of interest on the penalty, the fee is totally unnecessary if you manage your debt repayment properly.
Nonetheless, with many of us having numerous creditors to [...]
The Prime Minister, Gordon Brown, has issued a warning to credit card firms in the UK, telling them that they must stop fleecing credit card consumers in the current financial climate, where money is tight and many are struggling to keep up with their financial commitments. The state of household finances has had a severe [...]
According to a recent report a greater number of users are getting access to contactless credit cards, which are plastic...
By admin | July 3, 2009 | Read More
It has recently been claimed that credit cards that are designed to repair the credit of users could actually end...
By admin | July 1, 2009 | Read More
It has been shown in a recent report how credit card interest rates in the UK are soaring, with the...
By admin | June 30, 2009 | Read More
Over recent months, with the recession setting in, financial conditions becoming increasingly difficult and unemployment levels rising, the travel business...
By admin | June 28, 2009 | Read More
Recent figures released by the Bank of England have indicated that the level of credit card debt in April of...
By admin | June 25, 2009 | Read More