Default on credit card debt still big risk
Posts Tagged ‘interest’
Default on credit card debt still big risk
By Reno | August 27th, 2010 | GeneralIt has been reported that banks and credit card providers are still viewing the possibility of defaults on credit card debts as a high risk, and with this in mind officials believe that credit card interest rates are unlikely to fall any time in the foreseeable future, despite the fact that they are already so [...]
Borrowers with interest free credit cards urged to repay balance early
By Reno | August 12th, 2010 | GeneralIndustry officials have said that it has become increasingly important for those with interest free credit cards to ensure that they repay the balance on their cards in full within the interest free period, and this is because of a sting in the tail that has been highlighted in a recent report.
There are many different [...]
Impressive credit card offers seen in July
By Reno | August 5th, 2010 | GeneralAccording to a financial industry website there were some great introductory offers on credit cards in the UK for the month of July, with interest free introductory offers on credit cards for the month said to be better than ever. The claim was made by officials from financial website Moneysupermarket.com, with officials stating that renewed [...]
Natwest overtakes Virgin on balance transfer credit card
By Reno | July 16th, 2010 | Balance TransfersFor some time now Virgin Money has enjoyed taking the top spot as the market leader in the UK with its balance transfer credit card, which offered fourteen months interest free credit on balance transfers. Charging a transfer fee of just under 3 percent the card enabled consumers to transfer the balances from other high [...]
Get a 0 percent purchase card for the summer
By Reno | June 21st, 2010 | Featured, GeneralThe summer holidays are now just around the corner, and many parents will already be filled with a sense of dread as they realise that they have to keep the kids entertained for weeks on end. Whilst there are many activities and pastimes that do not necessarily cost money most parents are well aware that [...]
MBNA shakes up credit card market
By Reno | June 3rd, 2010 | GeneralCredit card giant MBNA has shaken up the credit card market by making changes to it allocation of repayments, according to recent reports. The move from MBNA comes after the release of new guidelines that would make credit card firms put repayments towards the most expensive debt first. However, MBNA is putting its new rules [...]
Comparing credit cards to get the best deal
By Reno | May 27th, 2010 | Featured, GeneralIt is vital these days for consumers that want to enjoy the benefits of affordable credit cards to ensure that they compare the different cards available and with the varying interest rates and costs related to credit cards some consumers could save a small fortune by simply hunting around for the right card. The internet [...]
Cap to be placed on credit card interest rates
By Reno | May 22nd, 2010 | GeneralAccording to recent reports credit card providers could be forced to cap their interest rates as a result of new plans being looked at by the coalition government. Over recent years there has been a lot of controversy over the astonishing rates of interest that some credit card providers are charging compared to the rock [...]
Improvements made to credit card from AA
By Reno | May 14th, 2010 | GeneralFinding the right credit card is very important these days, and those that end up with a credit card that is not ideally suited to their spending and repayment habits often end up paying way over the odds on their borrowing. The credit card market is competitive, and for those that take the time to [...]
Consumers should aim to pay off credit card balance in full
By Reno | May 13th, 2010 | GeneralMany people these days have at least one credit card, and these pieces of plastic can provide us with ease, convenience, security, and flexibility. However, many people go about using and repaying their credit card the wrong way, and this can end up costing them a fortune.
One industry expert, Andrew Hagger, has recently highlighted how [...]
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