Cash Back Credit Card Usage Increases
January 27, 2009
According to recent data released the use of cash back credit cards is on the increase in the U.K, with many users looking to get back a little something in the current economic climate. Read more
Cap The Credit Card Charges
January 20, 2009
The Federation of Small Businesses has advised that small businesses have an important role in the turning around of the current economic climate and in order to help getting this started has called for there to be a cap on credit card interest rates. 26% of small business owners use their own personal credit cards along with 23 % that use their company cards to finance their businesses. Read more
Credit Card Firms Will Have To Do More To Assist Borrowers
January 14, 2009
Following a recent meeting with the Business Secretary Lord Mandelson, officials from the credit card industry have pledged to try and assist struggling borrowers more through the deployment of a number of measures. Over recent weeks credit cards have hit the financial headlines a number of times, namely because of the high rate of interest charged on borrowing despite the aggressive base rate cuts, and because of increases in various other related fees and charges. Read more
Consumers Should Fight Credit Card Increases
January 12, 2009
Consumers are being urged to bear in mind that hikes on credit card interest can be fought if the credit card company appears to have put up the rate on the card for no apparent reason. Many credit card companies have been increasing both the interest rate and the charges on their credit cards, and this is despite the fact that the base rate has fallen by almost two thirds since the end of last year. This has caused concern amongst campaigners, consumers, and even the Prime Minister, Gordon Brown, who has been trying to address the issue. Read more
Affected By The Economic Turndown
January 6, 2009
According to research done by the UK’s leading cash and internet payments company, Paypoint, people in Scotland have been the most affected by the recent economic downturn. The research done in November 2008, showed that 31% of people living in Scotland felt that the recent downturn had an affect on the way they purchase goods, in comparison with 42% of Londoners and 40% of Northerners. Read more
Credit Cards To Hit £ 7 Billion
January 6, 2009
It is thought that credit card holders will be trying to transfer as much as £ 7 billion at the beginning of the New Year in order to take advantage of introductory rates that are that are on offer. Read more