Loans & Credit
Simon Read: Why wait to write off credit card cheques?
A government crackdown on unsolicited credit card cheques has long been overdue. The cheques have seemingly indiscriminately been junk-mailed to millions of credit card holders in recent years simply to encourage them to overspend and boost banks’ profits. According to figures from uSwitch, 280 million of the cheques were sent out to 14 million people last year alone. And the 3.2 million of those suckered into using the cheques helped the credit card companies pocket an extra £571m in handling fees and interest charges last year.
Inside Loans & Credit
Unsolicited credit card cheques to be banned
Thursday, 2 July 2009
The Government will today set out details of its plan to ban lenders from sending out unsolicited credit card cheques to consumers.
What credit card 'tarts' should do next
Wednesday, 1 July 2009
Lenders seem increasingly reluctant to give customers with imperfect credit ratings their best balance transfer cards. But what if you’ve come to rely on shifting debt between 0% deals?
Beware the house snatchers as lenders get tough on bad debt
Sunday, 28 June 2009
Charities warn of a surge in 'charging orders', which attach unsecured loans to property. What can debtors do?
Cautious lenders put balance transfers on ice
Sunday, 28 June 2009
Lenders are still being cautious after research from price comparison service uSwitch.com shows that at least one in 10 consumers have had a credit card application rejected in the past year.
Cashback spreads to loans – but be wary of the unexpected costs
Sunday, 28 June 2009
Marks & Spencer is hoping to tempt consumers with a new cashback reward on its personal loans. Customers who take out a loan before 11 August will be offered a refund of 10 per cent of the interest paid. M&S offers a typical rate of 8.7 per cent on a £10,000 loan over 36 month which, with the cashback, drops to the equivalent of 7.9 per cent.
Transfer scams hit the hard-up and desperate
Saturday, 27 June 2009
Claims that companies can help people become debt-free by buying their debt are bogus, says the OFT
Banks launch final battle to avoid £1bn charges payout
Wednesday, 24 June 2009
Two-year fight against compensation to end with House of Lords ruling
Simon Read: Time to crack down on bogus claims
Saturday, 20 June 2009
A claims management company was accused this week of "misleading" people by stating it could help people wriggle out of their debts. The Advertising Standards Authority upheld a complaint from Lloyds TSB about adverts from a firm called Debt Free.
Julian Knight: Forget the soft soap, this plot to wipe debt is just greedy
Sunday, 14 June 2009
Escaping what you owe on credit cards is a long way from refusing to pay bank charges
Spotlight: Abbey Zero Card
Saturday, 16 May 2009
Abbey's new Zero credit card is one of the few cards not to charge overseas and cash withdrawal fees. It also offers a three-month interest-free period on purchases and a 12-month interest-free period on balance transfers (although you will be charged a 3 per cent transfer fee if you use the card for this purpose).
|
|
Most popular in Money
Read
1 Nationwide defends launch of 125% mortgage
2 Supermarket drops petrol prices back below £1
3 Make money as a mystery shopper
4 How to start your own internet business
5 The tax crackdown that could net you £700 a year
6 Euro exchange can be an unfair exchange, so look for good deals
7 Which euro account is best for you?
8 Rising overdrafts mean it's time to cheque out of your current account
Emailed
1 Nationwide defends launch of 125% mortgage
3 Euro exchange can be an unfair exchange, so look for good deals
4 Wealth Check: 'I want to clear my debts and start saving'
5 Which euro account is best for you?
6 Poverty-hit pensioners miss out on cash lifeline
7 If the trainer fits, simply buy it
8 Consumer rights: Trying to wriggle out of debt could cost you
Commented
|
|