Credit card boxes to be improved for consumers

Credit card firms are to make changes to the summary boxes that are displayed on their statements and marketing materials so that customers will find it easier to see and understand the key features of the cards without getting bogged down with financial jargon. The changes are to take place later this year, and should [...]

Credit card fears lead to avoidance of online shopping

It has been claimed in a recent report that many consumers in the UK are avoiding doing any sort of online shopping because they are so wary about becoming a victim of online card fraud. Whilst the Internet provides some great opportunities for consumers to purchase all sorts of goods from around the globe, often [...]

Consumers not switching their credit cards to improve finances

A recently released report has claimed that many people in the UK are getting a raw deal on their credit cards but are still not bothering to switch to a more suitable or better value credit card. The report said that many people were missing out on big savings on interest because they were failing [...]

Consumers turning to building societies instead of banks

According to recently released figures many people that were traditionally fond of placing their hard earned savings in to their favourite High Street bank accounts are now turning to building societies to fund a safe haven for their cash after losing confidence in the High Street banking system. This comes after a plethora of problems [...]

Consumers cut back on eating out due to credit crunch

A major lender in the UK has recently claimed that a rising number of consumers in Britain are cutting back on the luxury of eating out as a result of the credit crunch. The ongoing difficult financial climate has left many facing financial difficulties when it comes to the household budget, and one of the [...]

Consumers continue to spend less on High Street in March

Recently released figures have shown that during the month of March shoppers in the UK continued to spend less on the High Street, adding to the woes of many retailers. Consumers, many of whom are struggling with their finances in the current difficult climate, and many others who are worried about losing their jobs due [...]

Consumer try and rid themselves of card debt by reducing spending

A recent report has suggested that many consumers in the UK may be trying to get rid of their credit card debt by cutting back on their spending levels. Many of these consumers have built up huge amounts of debt on their credit cards over the Christmas and New Year periods, and are still trying [...]

Consumer confidence rises for first time since October

According to recently released figures consumer confidence for the month of February increased slightly, reflecting the first rise since October of last year. Whilst the recession is still gripping the country and the financial climate still difficult the level of consumer confidence has still increased. The data comes from leading lender Nationwide.
The lender’s Consumer Confidence [...]

Buyers may have to put down minimum 15 percent deposit

According to a recent report property purchasers of the future may find that they have to put down a deposit of at least 15 percent of the property value as part of a shake up of the mortgage lending industry, which has been in dire straits since the onset of the global credit crunch. This [...]

Brits lose sleep over credit crunch

According to figures that were recently released many people in Britain are losing sleep because of the global credit crunch and its effects. The results of the recent poll have found that around 50 percent of Brits are now getting a worse night’s sleep than they were just a year ago, with the effects of [...]

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