It’s been said by The Payments Council that they are are going to phase out cheque guarantee cards (some banks have done this already) and cheques by 2011. Cash also appears to be less popular these days, leaving only two main payment methods?: debit and credit cards… (more…)
Archive for the ‘News’ Category
Credit cards will soon be necessary
Friday, September 17th, 2010Price Comparison Website states the obvious
Thursday, May 20th, 2010It has come to our attention that something we’ve been advising our readers for a long time regarding credit cards is now bigger news. Apparently Moneysupermarket.com have issued a statement telling the public that people need to be better financially educated, and this way they would be better prepared to handle their finances. Well, good for you moneysupermarket.com, we didn’t realise this. Do they take us for fools? (more…)
Credit Card Spending is up as Economy is on the Rise
Thursday, May 6th, 2010As our economy is right in the middle of a general election that no-one seems to be able to call, we can see that it is also on the rise again. Perhaps our troubles are going away after all and Gordon Brown has done some good after all? Our credit card spending would certainly seem to suggest that this is the case… (more…)
New Rules on Credit Card Repayments
Thursday, April 22nd, 2010Following our series on the new government enforced rules on borrowing, this post continues from the last one on credit card compay new rules. We’ve already discussed several good measures that will help keep debt down to a minimum and now here’s another bright idea to help the credit card population… (more…)
More New Credit Card Rules
Monday, April 19th, 2010There are quite a few new rules when it comes your credit card borrowing and you can see my first post about them here. The next most important rule to be made and to keep you well and truly in the driving seat of your own finances is the credit limit rule… (more…)
The new Credit Card rules.
Monday, April 12th, 2010There is some good news around the corner for the consumer of credit cards. The government have implemented a new set of rules that have a little more power than everyone was expecting, and at last credit card companies can be forced to pay out compensation if they don’t stick to them… (more…)
Credit Cards assign the blame
Saturday, April 10th, 2010Credit card debt has become a problem, and despite the Bank of England base rate of 0.5%, the average credit-card interest rate is still 19%. This is pretty damn high. What does this mean for the credit card customer today?… (more…)
Families growing dependent on Credit
Thursday, March 18th, 2010These days there is so much credit around that people live continually on the edge. It is becoming quite alarming how many familes live on their credit card and continue to pay the minimum payments each month to keep their heads above water… (more…)
Government to help Credit Card holders
Monday, March 15th, 2010It’s true that the government have put foward new proposals to help credit card holders to save money and get into less debt. The government aims to make lending more respsible and efficient by not allowing credit companies to increase credit limits without the credit card holder’s consent… (more…)
MBNA Stops Credit Card Cheques
Thursday, March 11th, 2010MBNA is one of the largest financial institutions in the world, so it will come as a surprise to some that they have decided to stop using credit card cheques. This is a positive move and for many a very welcome one. What follows is a brief explanation of what a credit card cheque actually is and why MBNA have decided to stop issuing them… (more…)