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
Consumers 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
Customers 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
New Rewards Scheme To Be Launched By Barclaycard
August 10, 2009
The twelve million credit card customers of credit card giant Barclaycard could soon start enjoying the benefits of a newly launched rewards based scheme from the card provider. Barclaycard has announced that it is introducing a rewards based scheme that will allow its customers to enjoy discounts and benefits from thousands of retailers without having to go to the hassle of collecting points and vouchers. Read more
December Debt Reduced
February 22, 2009
The British Bankers Association, the BBA, announced figures that showed that consumers in December had paid back more than was spent on credit cards, the figure showing as £ 0.4 billion of unsecured borrowing on credit cards being repaid and all this at a time when retailers were bring out heavy discounts in a bid to entice consumers. 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
Lenders To Ignore The Drop
November 10, 2008
While millions of home owners will be benefiting from the recent 1.5% rate cut, credit card holders look unlikely to expect there repayments to fall. According to financial data firm Moneyfacts although the Bank of England have dropped interest rates to 3% they can expect to pay the average APR% which is around 5 times that figure. Read more
The Xmas Purchase Solution
October 28, 2008
For the most cash strapped families who will find it hard this Christmas due to the credit crunch, there is a new credit card in town!! The only problem is that it is the most expensive credit card in the UK with an interest rate of 227%. This is being promoted as a solution for those cash strapped families. Read more