All Posts Tagged With: "Credit Cards"

Rate tarts could experience difficulties due to transfer fees

A recent report has indicated that credit card rate tarts could experience increasing problems as a result of fewer and fewer balance transfer credit cards capping the transfer fee that is charged. In the past many of these credit cards charged a fee of between 2-3% of the amount being transferred but capped the fee [...]

25Mar2008 | admin | 0 comments | Continued

Cheque payments being phased out

Over the years many consumers in the UK have become used to making payment for goods and services by way of a cheque, even in places such as shops and supermarkets. However, recent research shows that cheque payments could soon become a thing of the past in many areas, with fewer and fewer retailers wishing [...]

18Mar2008 | 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

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

What’s going on with the Egg card?

Banking giant Egg recently shocked tens of thousands of its own customers by announcing out of the blue that it would be cancelling their credit cards in just over one month’s time. With many consumers reliant on their credit cards, and with the credit crunch making it increasingly difficult for consumers to get credit with [...]

28Feb2008 | 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

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

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

0% purchase credit cards – what you need to know

A 0% purchase credit card is ideal for those that like the convenience and ease of credit card spending, but do not want to get ripped off paying the high levels of interest that credit cards often charge. By using a 0% purchase credit card you can enjoy making huge savings in terms of interest, [...]

24Jan2008 | admin | 0 comments | Continued

0% balance transfer credit cards – the facts

The 0% balance transfer credit card is designed for those with existing credit card balances on which they are being charged high rates of interest. These cards enable borrowers to transfer these existing balances, thus benefiting from having just one credit card debt to deal with and more importantly avoiding interest charges on the balance [...]

20Jan2008 | admin | 0 comments | Continued

Hidden Charges With Credit Cards

Again always check the all print on your credit card agreement. These can be particularly painful if you do not know about them previously.
These may include an extra charge for using your card abroad or receiving cash advances. A typical cash advance fee would be around 3%, with a minimum set amount. However, not only [...]

19Jan2008 | admin | 1 comment | Continued

General Credit Card Advice

If you have a credit or debit card of any type then please remember to take appropriate care and attention to them. Treat them like cash, you would not leave your cash in open view for someone to steal would you? You should not treat your cards in this manner also.
Credit CardWhen using your [...]

19Jan2008 | admin | 0 comments | Continued

Get rid of your credit cards and store cards

Credit cards and store cards can prove convenient and very handy for those that have willpower and determination – the type of people that control their spending and repay their card balances in full each month so as to avoid interest charged, late fees, and other charges. However, for those of us that get carried [...]

17Jan2008 | admin | 0 comments | Continued

Many credit card holders await post with bated breath

According to a recent report many consumers with credit cards are now awaiting their New Year’s post with bated breath, dreading the moment when their credit card statement falls through the letterbox.

9Jan2008 | admin | 0 comments | Continued

Is it time for a financial health check?

You will find that many banks and financial institutions will try one of a range of elaborate tactics to try and sell you financial products these days, and even in this current climate where lenders are getting warier about lending money out due to the credit crunch, competition is still tough and lenders are still [...]