Many clocked up record sums on credit cards in 2007
Although Christmas spending on credit cards was down on previous years in 2007 a recent report has shown that there was a sharp increase in credit card spending in the latter part of last year, with over £32 billion being spent on credit cards in the last three months of the year, which was the [...]
Last half of 2007 saw credit card switching frenzy
According to a recent report the last six month of 2007 saw a significant rise in the number of people that decided to switch credit cards and providers in a bid to get a better deal on their plastic.
Although credit conditions have become tighter over recent months due to the global credit crunch many consumers [...]
Another victory for Nationwide
In a recent poll of the most trusted banks and building societies the Nationwide Building Society pipped all of the major banks to the post, securing the number one spot as most trusted bank or building society.
The only building society to even feature in the top ten in the poll the Nationwide managed to fend [...]
Credit card providers confusing customers and making more money
Credit card providers in the UK have been accused of confusing customers with technical financial jargon and making millions of pounds in extra profits as a result of this.
The Office of Fair Trading has stated that credit card companies are pulling in an extra £400 million a year as the result of consumers paying more [...]
Egg’s actions could benefit some consumers
Consumers with damaged credit who have had their credit card accounts closed by Egg may actually benefit in terms of seeing their credit improve according to officials from the credit reference agencies.
Officials also added that nobody affected by the card withdrawal situation will have a black mark on their credit file because of the action, [...]