Increase in availability of interest free credit cards
Posts Tagged ‘debt’
Increase in availability of interest free credit cards
By admin | March 13th, 2010 | Balance TransfersA recent report has claimed that the number of interest free balance transfer credit cards is on the increase, with lenders now competing to help consumers to clear their debts as cheaply as possible.
Lower than expected defaults on credit cards and other borrowing
By admin | February 22nd, 2010 | Credit CardsFigures that were recently released have indicated that the level of defaults by consumers on credit cards and other forms of unsecured credit in the last quarter of last year was lower than had been expected.
High earners to be targeted by credit card firms
By admin | December 20th, 2009 | Credit CardsIn days gone by credit card firms used to be focussed on offering credit to higher earners, leaving those on lower incomes out in the cold. However, over the past decade, up until a couple of years ago when the global credit crunch hit, credit was being offered to all sorts of people from low [...]
Credit card firms push up rates in time for Christmas
By admin | December 16th, 2009 | Credit CardsAccording to recent reports a number of credit card providers in the UK have been pushing up the rates charged on their cards in time for the Christmas period, with some pushing up rates by as much as 7 percent.
Banks hassling struggling consumers
By admin | July 16th, 2008 | GeneralStruggling 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 [...]
Rise in insolvency levels fuelled by various factors
By admin | July 7th, 2008 | GeneralDespite 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 [...]
Consumers warned not to fall victim to scam letters
By admin | June 22nd, 2008 | GeneralConsumers 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 [...]
Barclays accused of trying to get consumers to get deeper into debt
By admin | June 17th, 2008 | Credit Cards, GeneralBarclays 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 [...]
Struggling borrowers need to ask banks for help
By admin | June 11th, 2008 | GeneralOfficials 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 [...]
Are you still paying off Christmas debt from last year?
By admin | May 22nd, 2008 | Credit CardsAt this time of year, with Christmas, New Year, and January sales just around the corner, millions of people are getting set to spend a fortune, and inevitably this means that many people will end up with high levels of debt once the festive season has come to an end. For some people this is [...]
Other Recent Articles
Cash back credit cards set to become increasingly rare
The rewards based credit card has become very popular over recent years, particularly amongst those that tend to repay their...
By admin | March 9, 2010 | Read More
Capital One customers hit by huge increases on credit cards
According to recent reports many credit card customers that have cards with Capital One have been stung with huge increases...
By admin | March 5, 2010 | Read More
New high for credit card interest rates
Recently released figures have shown that credit card interest rates in the UK have reached a new high, despite the...
By admin | March 3, 2010 | Read More
Credit card firms reject many proposals
A number of proposals have been put forward recently to try and increase fairness for credit card customers, with the...
By admin | March 1, 2010 | Read More
Credit cards could be the ideal solution for holidaymakers
It has been suggested in a recent report that holidaymakers and those that travel abroad for any other reason could...
By admin | February 25, 2010 | Read More