More people saving with 0 percent credit cards
Posts Tagged ‘debt’
More people saving with 0 percent credit cards
By Reno | September 27th, 2011 | Balance TransfersOver recent years more and more people have become bogged down with credit card debt, with many having become reliant on their credit cards for all sorts of spending. For those that have a lot of credit card debt the amount of interest that they pay on their debts can be extortionate and can be [...]
Credit card use fell last year
By Reno | June 30th, 2011 | GeneralCredit cards have provided consumers with convenience, ease and flexibility for many years, which has helped them to become hugely popular. However, they have also resulted in huge debt levels amongst those that have come to rely on their in the difficult financial market and those who find it difficult to control their spending. Credit [...]
Credit card consumers should set up direct debits
By Reno | March 28th, 2011 | GeneralThere are many ways in which people with credit cards make repayments on their credit card debt, with some paying by Internet bank or by phone and others paying at a post office or through the bank. There are also people that set up a standing order or direct debit to make their payments on [...]
Many people fail to pay credit card repayments via direct debit
By Reno | February 17th, 2011 | GeneralResearch has recently been carried out by the comparison service confused.com into how consumers make repayments on their credit cards. The research showed that an alarming number of credit card users fail to make repayments via direct debit, thus putting themselves at increased risk of missing payments on their credit card debt.
According to the research [...]
Don’t get talked into a high rate credit card
By Reno | February 10th, 2011 | Featured, GeneralIt has recently been announced that credit card rates have reached their highest in thirteen years, even though the base interest rate remains at its all time low of 0.5 percent, where it has been for nearly two years. Many borrowers may have thought that this would equate to more affordable borrowing on credit cards [...]
Reduce your credit card debt in 2011
By Reno | January 1st, 2011 | Balance Transfers, FeaturedFor many people the start of a New Year will make the opportunity to make a fresh start in terms of finances, and this means being able to sort out and streamline the household budget to try and minimise on waste. Many people, particularly at this time of year, spend a fortune on interest on [...]
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 [...]
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 [...]
AA credit card makes changes in consumers’ favour
By Reno | September 2nd, 2010 | GeneralChanges have been made to AA credit cards that are designed to help consumers to save money on interest. In the past credit card providers have used repayments made by cardholder to pay off the cheapest credit first, which has left higher interest balances to accrue interest. This is something that caused a lot of [...]
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