All Posts Tagged With: "interest rate"

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Report shows families under financial strain

A recent study that was conducted by the Centre for Policy Studies has shown that many families in the UK are still under considerable financial strain. Taxes, bills, and living costs have risen far more quickly than wages, and this has made it difficult for consumers to stretch their monthly income as far as it [...]

30Jul2008 | admin | 0 comments | Continued
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Get your card provider to cut your interest rate

An industry official has suggested that many customers could be paying for too much interest on their credit cards, stating that credit card companies have failed to cut the interest rate on cards despite three recent cuts in the base rate from the Bank of England. In fact, industry experts state that credit card companies [...]

27Jun2008 | admin | 0 comments | Continued
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Barclays accused of trying to get consumers to get deeper into debt

Barclays 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 [...]

17Jun2008 | admin | 0 comments | Continued
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Credit card customers urged to take action over rising costs

The high levels of bad credit card debt in the UK coupled with the effects of the credit crunch that has taken hold in the UK has resulted in a number of credit card providers hiking up various fees and charges over the past couple of months, with over 130 rate and fee hikes reported. [...]

21May2008 | admin | 0 comments | Continued
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Christmas credit card spending set to fall

According to a recent report spending on credit cards over the Christmas period is set to fall, and this could see retailers take a real hit in terms of profit, as consumers try and rein in on their spending on credit cards over the festive season. The results of a recent survey indicate that around [...]

11Apr2008 | admin | 0 comments | Continued
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Many mortgage payments being made by credit card

Over the past year more and more homeowners have found it increasingly difficult to meet their mortgage repayments, and this is partly the result of increasing interest rates. The base rate has gone up five times since August 2006, each time by 0.25%, and this has taken the base rate from 4.5% to 5.75%. many [...]

3Apr2008 | admin | 0 comments | Continued