Credit Card And Related News For December, 2007
Welcome to the latest news concerning UK credit cards and other related topics for the month of December, 2007
- MasterCard ordered to stop fees on credit cards [30.12.07]
Credit card giant MasterCard has been ordered by the European Competition Commissioner to stop charging fees on cross-border transactions made on its MasterCard and its Maestro credit and debit cards. These are fees that are charged on international transactions, and can vary between 0.4% and 1.2%. However, the European Competition
- Many consumers may be committing 'financial suicide' [19.12.07]
According to a recent report many consumers across the UK may be committing financial suicide by believing that getting into high levels of debt is ok because they can bail out using either the equity from their property or through insolvency. According to a report from the Personal Finance Research
- Several lenders already acted on interest rate cut [19.12.07]
Following this week's announcement from the Bank of England confirming that interest rates were to be cut by 0.25% several lenders have already acted on the interest rate cut by passing the full reduction on to borrowers. The decision from the Bank of England came following the Monetary Policy Committee
- Take out a store card and pay double for your gifts [15.12.07]
In a stark warning to consumers industry experts have stated that many people that take out store cards this Christmas and then purchase their Christmas gifts on them could end up paying double for each item. The interest rates on store cards is extremely high, and although discounts and special
- Don’t succumb to the temptation of store cards [12.12.07]
The credit crunch that has swept across the UK over recent months has causes chaos and turmoil in most areas of the financial markets, and amongst the victims of the credit crunch are the credit card companies. With the effects of the credit crunch to consider, coupled with already sky
- Credit conditions affecting consumer confidence [10.12.07]
According to a recent report the effects of the global credit crunch have really started to take their toll in terms of consumer confidence levels in the UK. The report suggests that consumer confidence fell at the fastest pace in three years last month, reflecting the effects of rising living
- Changes made to cheque deposits [07.12.07]
Following a change in regulations consumers that make cheque deposits into their bank accounts will now be able to enjoy increased speed and efficiency, as well as other benefits. The new rules, put together by the Cheque and Credit Clearing Company along with APACS, will come into force at the
- The importance of cancelling your old credit card accounts [06.12.07]
Credit cards are hugely useful financial tools on which many of us have become reliant over the years. When used and repaid sensibly a credit card can offer increased convenience, flexibility, security, and ease. However, many consumers find that they get carried away with credit cards, and tend to make
- Do you have PPI on your credit card? [05.12.07]
Many of us have one or more credit cards these days, and these cards can prove invaluable in terms of offering ease, convenience, increased security, and flexibility. However, like any other form of finance a credit card is a financial commitment and it is important to keep up with repayments
- Getting finance with damaged credit [03.12.07]
These days having a damaged credit history or a low credit rating is nothing unusual. The high level of consumer debt in the UK means that many people are struggling with dent repayments, and this invariably leads to regular late or missed debt and bill payments in many cases. It
- Possibility of free credit checks for victims of data loss [01.12.07]
Following the recent fiasco where HM Revenues and Customs lost disks containing the bank account details of around 25 million people, the government has entered into talks with two of the nation's largest credit reference agencies, with a view to offering free credit checks to those that may be affected