Job Cuts at HSBC
November 10, 2009
Banking giant HSBC is to cut 1700 jobs in the U.K. mainly from their collections and credit card operations, which adds to the already gloomy downturn in employment of the financial services industry. Read more
Tags: HSBC, RBS, financia services industry, credit card, LloydsCase Against MasterCard Dropped By European Union
October 22, 2009
An executive arm of the European Union has dropped a case against the credit card giant MasterCard in relation to the transaction fees that the card network levies. The case has been dropped on the condition that the credit card giant cuts its transaction fees, but this has made many retailers angry, as they were looking for these card fees to be scrapped altogether rather than just being reduced. Read more
Tags: retailers, payment, visa, credit card, fees, mastercard, transactionsConsumers Could Benefit From Fee Free Card Transfers
October 13, 2009
At this time of the year, when many people are still battling to repay the credit card debts that they built up over the Christmas and New Year periods, many cardholders decide to look for suitable alternatives to try and cut the amount of interest that they are paying as well as to try and clear their credit card debt quickly. For those that have outstanding balances on high interest credit card, and who are unable to clear the balance in one go, interest payments can end up being very high. Read more
Tags: high rate, balance transfer, interest payments, 0 percent, credit card, interest, debt, cardholdersCredit Card Providers To Face Further Clampdown
October 6, 2009
Credit card providers in the UK are set to face a further clampdown as the UK government brings in measures to cut the temptation of further credit card debt for consumers. The government is looking to bring in a number of measures that could decrease the chances of consumers getting themselves even further into debt at a time when the credit card and other debt levels in the UK are already causing concern. Read more
Tags: consumer affairs, cheques, credit card, limit, debt, cardholder, borrowingCredit Card Rates Hiked By Two Major Providers
September 29, 2009
Two major credit card providers have become the latest to hike up their credit card interest rates, despite the fact that the base interest rate in the UK is at its lowest level in the three hundred and fifteen year history of the Bank of England. Officials claim that the two card providers have sneakily hiked up the interest being charged on credit card borrowing by significant levels, thus increasing borrowing costs for their cardholders. Read more
Tags: bank of england, providers, increases, halifax, borrowing, interest rate, Lloyds TSB, bank of scotlandCustomers Warned About Using Credit And Debit Cards Abroad Over Easter Break
September 13, 2009
With the Easter holidays now upon us, many people in the UK may be thinking about heading abroad for a break with their loved ones, and many will go armed with their credit cards either for general spending or just for emergencies. However, a recent report has stated that the cost of using both credit and debit cards whilst abroad can really mount up, and consumers are better off avoiding the use of their plastic cards unless there is a dire need to do so, as otherwise they could be hit with a series of charges. Read more
Tags: fees, charges, plastic, cred cards, consumers, debit cards, statementDetails Of Thousand Of Credit Card Users Published On Internet
September 6, 2009
In a recent and frightening breach of security the credit card details of thousand of British consumers were published online, where they could apparently be found with ease using just a quick search on Google. Around nineteen thousand credit card details are thought to have been made available on the Internet, in an incident that took place late last month. This is likely to add to the already significant concerns that many consumers harbour about becoming the victims on online credit card fraud. Read more
Tags: mastercard, Fair and Accurate Credit Transactions Act, visa, credit card, home, american expressLloyds TSB attacked over credit card gambling
August 25, 2009
High Street bank, Lloyds TSB, has been attacked by debt charities and politicians over an issue relating to gambling on credit cards. The bank has been accused of encouraging its customers to gamble on their credit cards, thus encouraging both higher levels of debt and gambling addiction amongst its customers. The bank informed its customers by letter that they could use 50 percent of their credit as cash and use it on transactions ‘such as gambling’. Read more
Tags: debt, Lloyds TSB, high street bank, Credit Cards, well-run businesses, Philip HammondDo Not Get Rid Of Your Credit Cards
February 10, 2009
Some people will not be looking forward to their next credit card statement coming through again with the reminder of what was actually spent on them over the festive period. They may be so depressed with the amount on them that they may just cut them up so that no more can be spent but according to credit information provider, Equifax, consumers should not be too tasty in doing so. Read more
Tags: equifax, credit rating, balances, period, Affairs, credit cardCap 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
Tags: local councils, interest, credit card, interest rates, small businesses, Federation