All Posts Tagged With: "credit cards"
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Following Egg’s announcement that 161,000 credit cards were to be withdrawn from customers there has been outrage amongst consumers and some industry professional in the UK.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over 2 million credit card accounts, and contacted 161,000 customers to state that their credit card facility was being withdrawn because they posed a [...]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
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
Good credit card payers being penalised by credit card firms
Many consumers that use their credit cards regularly, repay the balance in a timely and responsible manner, and are not knee deep in debt, are being penalised by credit card companies according to a recent report. The report suggests that credit card companies are penalising good paying customers because they are not generating enough profit [...]
29Jun2008 | admin | 0 comments | Continued
Rising costs for credit card users
According to a recent report credit card users in the UK have seen costs rising for the past two years, namely since the Office of Fair Trading placed a ceiling limit on penalty charges that credit card firms could charge for late or missed repayments and for exceeding the credit limit on the card. Credit [...]
23Jun2008 | 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
Zero card will benefit some people but not all
A financial industry professional has commented on the recently launched Zero credit card from high street bank, Abbey, stating that whilst the card offers a range of valuable benefits and money saving features, and will certainly benefit many consumers, there are other consumers that may find that an alternative card is more suitable despite the [...]
10Jun2008 | admin | 1 comment | Continued
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
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
Getting a good deal on a 0% balance transfer card can still be difficult
The global credit crunch that swept across the nation last summer has had long term adverse effects in all areas of the money markets, and consumers looking for good deals on loans, mortgages, and credit cards have seen their choices – and their chances – dwindle fast over recent months. A recent report has suggested [...]
5Jun2008 | 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
It is also wise to take care when withdrawing money from the ATM, had a friend that recently had his ...