‘Credit Cards’ News
Poor planning leads to overspending this Christmas
Posted 2007-12-14
According to credit card provider Egg, late holiday shoppers are set to exceed their budgets by an average of 39%, or £150 per person. Egg research shows that a frantic rush for gifts will send around 4 millions Britons to...
Read Poor planning leads to overspending this Christmas
-
Delicious -
Digg -
Reddit -
Facebook -
Stumbleupon
Increase in consumer cash use
Posted 2007-12-13
The ongoing situation in the credit card sector is convincing consumers to withhold their plastic in favour of funding their holiday purchases with cash instead. According to figures released yesterday by cash machine network operator LINK, daily ATM withdrawals for...
Read Increase in consumer cash use
Christmas repayments: no end in sight
Posted 2007-12-12
Christmas credit card debt continues to be a problem for heavy spenders. According to new research, one in five Britons will still be paying for their Christmas spending in June. One in ten will be paying off their debts in...
Read Christmas repayments: no end in sight
Overseas transaction charges may hit credit card users hard
Posted 2007-12-12
Travelling abroad this Christmas could cost you more than you think. Many credit card companies charge an extra 2.75% in commission for purchases made overseas – a fact most shoppers are unaware of, according the Post Office. The...
Read Overseas transaction charges may hit credit card users hard
Credit problems common this Christmas
Posted 2007-11-26
Potentially thousands of credit applications may be rejected by banks during the holiday season. According to accountants PricewaterhouseCoopers (PwC), repayments are becoming a problem for an increasing number of consumers, leading to profit slumps for many credit card providers. Also...
Read Credit problems common this Christmas
Feeling the effects of the sub-prime crisis
Posted 2007-11-20
Credit limits are feeling the pinch as the global financial crisis continues to make demands on banks and lenders. The Daily Telegraph newspaper reports that borrowing limits are being cut by credit providers, even for those customers who have previously...
Read Feeling the effects of the sub-prime crisis
Plastic ‘drought’ expected this Christmas
Posted 2007-11-2
The holiday season will see a financial drought when it comes to credit card usage, a new report predicts. Both providers and retails should expect a downturn in plastic spending. A poll of nearly 2,000 adults by debt consultancy firm...
Read Plastic ‘drought’ expected this Christmas
Protection granted to overseas credit transactions
Posted 2007-11-1
Price comparison company uSwitch welcomed a ruling made yesterday by the House of Lords directing credit card providers to allow refunds to consumers who buy goods and services abroad. Consequently, credit card purchases between £100 and £30,000 made overseas will...