Credit Card And Related News For January, 2008
Welcome to the latest news concerning UK credit cards and other related topics for the month of January, 2008
- Consumers warned over 0% balance transfer cards [30.01.08]
Consumers that are trying to get their finances in order by transferring their high interest credit card debts onto a 0% balance transfer card are being warned by experts to look out for the pitfalls associated with this type of transfer. According to a recent report around one million cardholders
- Division of HSBC received hefty fine over PPI [21.01.08]
Controversy over PPI, which stands for Payment Protection Insurance, has been raging for some time, after a review of PPI sales by regulatory bodies found that many policies were being mis-sold to consumers by various financial institutions. The purpose of PPI is to cover repayments on finance such as credit
- Who can benefit from rewards based credit cards? [20.01.08]
There are many different types of credit card available on the market today, and this includes 0% credit cards, interest free credit cards, credit cards for balance transfers, and rewards based credit cards. Rewards based credit cards can be quite lucrative if used correctly, as they allow the consumer to
- Credit leaflet slated by officials [17.01.08]
Officials from the Advertising Standards Authority have criticised a leaflet that advertises credit deals, stating that the nature of the leaflet encourages women to get into debt. The leaflet has been produced for a fashion and home catalogue, which is part of the Littlewoods group, called Shop Direct Financial Services.
- Increase in customers turning to Provident Financial [08.01.08]
Over the past six months or so the credit crunch has really taken a hold in the UK, and many consumers have found that they are unable to get any form of finance due to their credit rating coupled with increased wariness from lenders when it comes to lending to