http://www.thriftycards.co.uk Credit Card Comparison Site Fri, 09 May 2008 07:00:14 +0000 http://backend.userland.com/rss092 en Financial giant American Express reported recently that an increase in credit card defaults had resulted in a 6% decline in its first quarter profits. Officials stated that there had been a rise in the number of people failing to make repayments on their cards, and this had impacted significantly on its ... http://www.thriftycards.co.uk/052008/credit-card-defaults-result-in-losses-for-american-express.html With the global credit crunch still taking its toll in the UK money markets, and with household finances still very strained, many consumers may be looking for a more affordable credit card deal. The Abbey has now launched a new credit card that offers borrowers a host of money saving benefits, ... http://www.thriftycards.co.uk/052008/consumers-can-enjoy-benefits-of-abbey-credit-card.html A new prepaid debit card for the under eighteens has been welcomed by industry officials, as it comes with a proof of age element that will enable cardholders to enjoy cashless spending without the risk of them using the cards to purchase age restricted items such as alcohol or cigarettes. The ... http://www.thriftycards.co.uk/052008/pre-paid-debit-card-for-under-18s-welcomed.html According to one industry official the difficulties that many consumers may now be facing in securing a more affordable deal on their credit card could eventually impact on their ability to meet other financial obligations, which in some cases could include their mortgage. The global credit crunch has taken its toll ... http://www.thriftycards.co.uk/052008/credit-card-difficulties-could-impact-on-mortgage-repayments.html According to a recent report there has been a sharp rise in credit card spending, much of which has been attributed to households having to rely on credit in order to meet their day to day expenses or pay their bills. Consumers in the UK have had to put up with ... http://www.thriftycards.co.uk/042008/credit-card-spending-rises-as-households-try-and-keep-on-top-of-payments.html Over recent months the Bank of England has reduced the base interest rate three times, with the three 0.25% cuts taking the base rate from 5.75% to 5% between December of last year and April of this year. Whilst this should spell good news for borrowers reports have shown that lenders ... http://www.thriftycards.co.uk/042008/credit-card-interest-rates-have-been-rising.html According to recent research by fairinvestment.co.uk more than 50% of credit card customers in the UK have been able to avoid paying costly interest rate charges on their credit card balances by simply paying off their balance in full each month. Experts have stated that customers that use their credit cards ... http://www.thriftycards.co.uk/042008/more-than-half-of-credit-card-customers-avoid-interest.html Officials from the Conservative Party have recently launched an attack on credit card providers, accusing them of luring consumers into borrowing money and then chewing them up and spitting them out when they run into difficulties with their finances and can no longer afford to keep up with repayments. The level ... http://www.thriftycards.co.uk/042008/tories-launch-attack-on-credit-card-providers.html Earlier this month the Nationwide Building Society offered some good news to credit card customers, revealing that they would be able to enjoy extended warranties on a range of products purchased on the card without having to pay any addition fees or charges. The extended warranties come free of charge, and ... http://www.thriftycards.co.uk/042008/increased-warranties-for-nationwide-credit-card-customers.html According to a recent report a worrying number of consumers in the UK stretch the truth or even lie outright in order to try and get their hands on a credit card and other forms of finance. The data comes from the UK's fraud prevention service, CIFAS, and shows that the ... http://www.thriftycards.co.uk/042008/many-people-lie-to-get-their-hands-on-a-credit-card.html