More and more experts are placing the blame for the ongoing increase in Individual Voluntary Arrangements (IVAs) in the UK at the door of the UK credit card industry. There has been a significant increase in the number of IVAs agreed over the last few months and many experts believe this is a trend which could continue for at least the next 12 months. But is this really the fault of the UK credit card industry?
Credit card giants Visa and MasterCard have been successful in their request to increase the limit on UK contactless credit and debit cards from £10 to £15. At the same time it has been revealed that an estimated one in seven of the UK population will have a contactless card by the end of 2010 as the phenomenon continues to grow in popularity.
Virgin Money has this week announced the release of a credit card which will donate 1.02% of customer spending to good causes of the customer's choice. This compares to the average charitable donation from the charity cards of around 0.25% and immediately places the Virgin Charity credit card at the top of the pile. This is yet another high-profile move by the Virgin Money as the company continues to make a major play for the UK financial arena. So what next for Richard Branson's financial arm?
Over the last few weeks the headlines in the credit card industry have been fairly downbeat with the vast majority of credit card companies increasing their rates over the last few months. However,...
It is been revealed that 48% of all credit card applications in the UK were turned down in 2009 against 42% in 2008. These figures compare unfavourably to the standard rejection rate which was...
A report into the UK credit card industry has confirmed a last minute rush on Christmas Eve which saw around £240 million spent on gifts. Despite the fact that UK credit card rates are...
Slowly but surely we have seen credit card interest rates continue to rise throughout 2009 despite the fact that UK base rates remain stuck at 0.5%. This comes at a time when more and more people...
While credit cards have been knocked off the financial headlines by the likes of mortgages and the banking industry in general, there is no doubt that credit card debt continues to cripple more and...
Historically every time you apply for a loan or credit card in the UK this will leave what is known as the "footprint" on your credit reference and could ultimately impact upon your ability to gain...
A survey by housing charity Shelter has highlighted a very disturbing trend in the UK mortgage market which has seen up to 1,000,000 people using their credit cards to cover their monthly rent or...