Plastic can work out more expensive than a loan
Posts Tagged ‘Credit Cards’
Plastic can work out more expensive than a loan
By Reno | October 21st, 2010 | GeneralOfficials have warned that for some people credit cards will work out to be more expensive than having a personal loan. Many people that take out credit cards and use them for their financial needs end up making just the minimum repayments on these debts, but with credit card debts so high this can work [...]
Many unaware of repayment allocation with credit cards
By Reno | October 21st, 2010 | GeneralIt has been reported that many people in the UK are unaware of how their credit cards repayments are allocated towards their credit card debt each month. Many are under the impression that each credit card repayment that they make each month is allocated towards their most expensive debt, but with most credit card providers [...]
UK credit cards are overused
By Reno | October 21st, 2010 | GeneralIt has been claimed by an industry expert that credit cards in the UK are being overused by consumers as a result of the ease with which consumers are able to use these cards to subsidise their spending. Management expert Yvonne Goodwin said that it was too easy for consumers in the UK to rely [...]
Increase in credit card spending fuels debt concerns
By Reno | October 14th, 2010 | Credit CardsA recent report has highlighted how personal debt issues could increase over the coming months as a result of increased credit card spending. Figures have been released based on the Barclaycard Spending Index, and show that the amount spent on credit cards in August of this year was 9.2 percent higher than the same month [...]
Many will use credit cards and store cards for Christmas
By Reno | October 14th, 2010 | Credit CardsThe past year has been a tough one financially for many people, and many households have had to raid their savings and borrow money in order to make ends meet. As a result there are huge numbers of people that do not have ready cash to spend on their Christmas purchases, and with the festive [...]
Those with debt may not benefit from rewards based credit cards
By Reno | October 14th, 2010 | Cash Back & RewardsA recent report has shown that whilst rewards based credit cards may prove beneficial for some consumers, those that are in debt or cannot repay their balance in full will not benefit from having these cards for a number of reasons. With rewards based credit cards users are able to earn rewards points, discounts, air [...]
Life of balance transfer cards
By Reno | October 12th, 2010 | Balance Transfers, FeaturedBalance transfers have become increasingly popular amongst credit card users over recent years, and this is due to the fact that they are able to reduce the amount of interest that borrowers need to pay on their credit card debts, savings some people a considerable amount of money.
There are different types of balance transfer credit [...]
Businesses using credit cards and family loans to stay afloat
By Reno | October 7th, 2010 | GeneralIt has been reported that some businesses are having to rely on loans from their family and friends, or even on credit cards, in order to stay afloat financially. This is because many are still finding it difficult to get business finance from banks, and for smaller and start up businesses the only option to [...]
UK cardholders reliant on low interest cards
By Reno | October 7th, 2010 | Credit CardsThe results of a recent study have shown that a rising number of people in the UK have become increasingly reliant on low interest credit cards over recent years, particularly over the past few years where more people have had to rely on their credit cards because of the difficult financial climate and the recession.
The [...]
Credit card users need to shop around
By Reno | September 23rd, 2010 | GeneralOne financial industry group has stated that consumers who use or wish to use credit cards need to ensure that they shop around in order to get the best deals and the most suitable card. Officials from Lovemoney.com have said that it is vital for consumers to ensure that they look around for the most [...]
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