Consumers increasing risks by using same PIN for cards

According to a recent report many consumers are increasing the risk of becoming victims of financial fraud simply by using the same PIN for all of their plastic cards.
Whilst many consumers may think that this is an effective way of ensuring that they do not forget their PIN, as it will be the same on […]

Credit card customers paying price for defaulters

According to a recent report all credit card customers are paying the price for the high levels of credit card defaults, and this is through increased interest rates, fees, and charges.
In the past credit card companies charged hefty fees to cardholders who missed repayments or made late repayments, as well as to those that exceeded […]

Brits to spend £23 billion abroad on cards this year

According to a recent report Brits are set to spend a whopping £23 billion collectively on their credit and debit cards whilst abroad this year, and this means that card providers will invariably raking in the profits from the various fees and charges that are levied on card transactions and withdrawals abroad.
In fact, the report […]

Officials state charity credit cards leave a lot to be desired

There are many different types of credit cards available on the market these days, such as 0% purchase cards and rewards based credit cards, and one type of card that has increased in popularity over recent years is the charity credit cards, which consumers can use to give a little back to society without having […]

Students needn’t worry about credit crunch if they are good payers

Over the years the credit card has become an invaluable tool for students, giving them some financial freedom and leverage, and ensuring that they have cash available in case of an emergency, particularly for those that are living away from home.
However, like all other consumers many students have been worrying about the effects of the […]

Store card charges cut by Clydesdale

Over recent years there has been a great deal of controversy over the high interest rates and penalty fees that are charged on store cards, with these cards being blamed for a large portion of the UK’s personal debt mountain along with credit cards.
According to a recent report one issuer has now decided to cut […]

Many credit card customers plan to switch to 0% balance transfer cards

According to a recent report an increasing number of credit card holders are planning to switch to a 0% balance transfer credit card over the coming months in a bid to try and avoid interest charges on their existing cards.
Many consumers already have balances on high interest credit cards, many of whom may have run […]

Brits juggling many credit cards

According to a recent report many Brits are juggling multiple credit cards and continuing to get themselves into debt despite the credit crunch and despite the financial woes that many households are facing due to higher energy, food, petrol, and mortgage costs.
Figures show that over three million Brits have five or more credit cards that […]

0% balance transfer credit card costs customer a fortune

A thirty nine year old credit card customer was outraged recently after being charged a small fortune on his 0% credit card because of a small oversight that meant he had paid £5 less than he was supposed to on his minimum monthly repayment.
This occurred because the minimum monthly amount that he needed to […]

UK watchdog to launch credit card website

The UK’s watchdog, the Office of Fair Trading has recently announced that it will be launching a credit card comparison website to help consumers to avoid the pitfalls of credit cards that use confusing financial jargon and end up costing the consumer more in interest and charges.
The watchdog has expressed concern over how consumers are […]

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