Barclay’s writes off huge credit card debts

With the level of credit card debt in the UK having climbed to £5 billion many banks and card providers are seeing huge losses as a rising number of cash strapped consumers find that they can no longer afford to make repayments on their credit cards.

Are credit card rates illegal?

It was announced recently that the Bank of England base rate was being kept at its all time low level of 0.5 percent for the twelfth consecutive month, and this news will have been welcomed by many consumers who have been hoping that their borrowing costs would not rise.

Increase in contactless card limits

It has been announced that the maximum transaction limit on contactless credit cards has been increased to £15, enabling those with contactless credit and debit cards to spend more on the card without having to provide a signature or put in a PIN number.

Online banking fraud levels jump

According to a recent survey the level of online banking fraud in the UK has jumped as a result of a software application that allows fraudsters to track keystrokes made on a computer. The device that fraudsters are using is known as keylogging, and with this they can track the keystrokes made on a keyboard, [...]

Further restrictions for credit card providers

Credit card providers are face further restrictions on their lending regulations, as the government tries to curb the level of credit card debt in the UK. A number of measures are to be brought in by the government to try and curb credit card debt, and also to reduce the level of temptation faced by [...]

Credit card limits cut for millions

The credit card limits for millions of cardholders in the UK have been cut recently, taking away an essential financial lifeline for many people that have become increasingly reliant on their credit cards. Many credit card firms have cut their customers’ credit limits, as they try and claw back more money in the current financial [...]

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 [...]

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 [...]

Next Page »