Credit card interest rates have been rising
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 are continuing to raise their [...]
More than half of credit card customers avoid interest
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 in this way can not [...]
Tories launch attack on credit card providers
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 of personal debt in the [...]
Increased warranties for Nationwide credit card customers
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 a range of products will [...]
Many people lie to get their hands on a credit card
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 number of people that lie [...]