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UK Spotlight
David Miles, the incoming member of the MPC, has this evening suggested that the worst of the UK recession may be over and house prices may have bottomed out. While there is some scepticism with...
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Friday 3rd July 2009
Minimum payments on your credit card may increase As part of the UK government's ongoing attack on the UK credit card industry, it has been revealed that minimum payment terms could be increased thereby reducing significantly the time taken by...
Thursday 2nd July 2009
The UK government set to crackdown on credit card industry A government consumer White Paper due to be released on 2 July will begin a significant crackdown on the credit card industry and so-called payday loans which have plunged many consumers across the...
Thursday 2nd July 2009
The hidden cost of credit cards As the UK credit card industry comes under more and more pressure from the UK authorities a number of so-called "sharp" practices have been identified by consumer groups. Aside from the fact that...
Tuesday 30th June 2009
UK government finally acts on credit card regulations The UK government has announced the publication of a White Paper on Wednesday which will finally introduce a number of new regulations aimed at curbing the power of the credit card industry....
Sunday 28th June 2009
UK credit card holders susceptible to identity fraud The various credit card agencies around the UK are this week embarking upon a period of education for UK credit card holders who use their "flexible friend" overseas on holiday. When you consider...
Saturday 20th June 2009
Foreign exchange transactions on your credit card A number of people have complained about the standard of service when taking your credit card overseas and so-called "hidden charges". However, there have also been a number of instances of...
Monday 8th June 2009
Is your credit card company taking advantage? Many newspapers today have reiterated the fact that the average credit card interest rate on new purchases has crept higher and higher over the last few months and now stands at a massive 18%...
Friday 5th June 2009
Credit card rates continue to rise while base rates are static It has been revealed that the average credit card purchase interest rate has risen from 16.3% to 18.1% over the last two years. This is in spite of the fact the Bank of England has held UK base...
Friday 5th June 2009
Is it time to switch your credit card debt to a loan? As more and more people across the UK continue to try and repay their credit card debts many are seeing a month by month increase in minimum payments as interest rates remain high. However, there...
Saturday 30th May 2009
Do you review your credit card statements? While the vast majority of us in UK will receive regular credit card statements, bank statements and insurance statements, how many of us actually check the figures to see if there are any rogue...
Thursday 28th May 2009
Credit card complaints worry Financial Ombudsman Service Amid signs that more and more UK consumers are unhappy with the service received from their credit card companies, loan companies and payment protection insurance agents, the Financial Ombudsman...
Saturday 16th May 2009
The ongoing risk to credit card holders In a worrying development it has been revealed that two thirds of credit cards on offer in the UK are available to borrowers with an income of less than £10,000 a year. While this in itself...
Thursday 14th May 2009
Credit card fraud still rife on UK petrol forecourts In another disturbing case of organised credit card fraud in the UK, a number of credit card details have been traced to Indian criminals who have been making substantial withdrawals across the...
Sunday 10th May 2009
Abbey Zero credit card returns to the market In a move which will please many holidaymakers in the UK, the ever popular Abbey Zero credit card has returned to the market. This particular credit card has been very popular with holidaymakers in...
Sunday 10th May 2009
Why doing nothing could prove very costly Even though it would be wrong to suggest that the UK credit card market is in any way back to full strength we are starting to see a number of new cards released into the market which could prove...
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