Credit card holders have been paying higher interest charges and fees since default charges on their cards were capped two years ago by the Office of Fair Trading. (more…)
Archive for the ‘Credit Cards’ Category
Credit cards becoming more expensive.
Wednesday, April 30th, 2008Your Mobile Phone Could Stop You Getting A Mortgage.
Friday, April 25th, 2008Have you closed a mobile phone account with a payment outstanding ? It could come back to haunt you. (more…)
Citizens’ Advice Calls For Increased Credit Card Awareness
Thursday, March 6th, 2008Almost 40% of people contacting the CAB for debt management advice use credit cards as their primary means to withdraw money from cash points. (more…)
Credit Card Companies Prefer Customers With Debts.
Thursday, February 14th, 2008Credit Card Companies may be cancelling cards from reliable customers and offering them to riskier ones to boost their profits, suggests Chairman of the treasury select committee, John McFall (more…)
Debt Jugglers start to feel squeeze
Thursday, November 15th, 2007Credit card “rate tarts” who rely on being able to shift their debts on to a succession of temporary interest-free deals could struggle to get accepted for a new card as the credit crunch hits plastic, say experts. (more…)
Bank employees not immune to debt problems
Tuesday, October 9th, 2007We are coming across more and more bank employees with debt problems. If an employee of a bank cannot manage their debts properly, what hope is there for the rest of us?
Credit card cheques come with hidden costs
Friday, October 5th, 2007UK credit card cheques are like normal bank cheques, except that money is drawn from your credit card, not from your current account. However, there are differences to normal credit card transactions, and they will cost you more. (more…)
Branded Credit Cards? You must be crazy.
Friday, August 3rd, 2007There is a growing trend in branded credit cards. American express do a BMW branded card and many football clubs have their own branded card.
If you use a branded card because you think it is cool or it enhances your status to be associated with a luxury brand then you are a mug. The only reason to use a particular credit card is the service that comes with it, ie interest rate, balance transfer discount etc. Buy yourself a branded wallet instead.
